Skip to content
Back to announcement

AnnualReport2023-JSMR-att2.pdf

Other Text extracted JSMR

Source file signed link, expires in 15 minutes

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

Extracted text 1076

Page 1
Laporan Tahunan 2023 Annual Report


Mengedepankan
Keberlanjutan Bisnis,
Meningkatkan
Daya Saing
Emphasizing Business Continuity,
Increasing Competitiveness
Page 2
2   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 3
Sanggahan dan Batasan Tanggung Jawab
Disclaimer and Limitation of Liability

Laporan Tahunan ini dapat berisi beberapa pernyataan             This Annual Report may contain several statements of
yang merupakan proyeksi dan pandangan masa depan                 projections and future views that describe the Company’s
yang menggambarkan cara pandang Perseroan terhadap               perspective on future financial events and performance, as
kejadian-kejadian dan kinerja keuangan di masa depan,            well as financial conditions, operating results and results of
serta kondisi keuangan, hasil operasi dan hasil usaha, kondisi   operations, economic conditions, sector conditions, traffic
ekonomi, kondisi sektor, kondisi lalu lintas, serta rencana      conditions, and associated plans and objectives. Historical
dan tujuan terkait. Kinerja historis yang menggambarkan          performances which describe the risks, opportunities and
risiko, peluang, dan prospek Perseroan di masa depan yang        future prospects of the Company related to sustainability
berkaitan dengan nilai keberlanjutan secara rinci disajikan      values in detail is presented in the Sustainability Report in
dalam Laporan Keberlanjutan dalam buku terpisah namun            a stand-alone book but is still an integral part of this Annual
masih menjadi satu kesatuan dengan Laporan Tahunan ini.          Report.

Pandangan-pandangan ini didasarkan pada beberapa                 These views are based on several current estimates
estimasi dan asumsi saat ini yang dapat berubah seiring          and assumptions which may change at any time along
dengan ketidakpastian, kontijensi dan berbagai risiko bisnis,    with uncertainties, contingencies and various business,
ekonomi dan kompetisi yang dapat berubah sewaktu-waktu;          economic and competitive risks; and could cause actual
dapat menyebabkan hasil, kinerja dan kejadian sebenarnya         results, performances and events to differ materially from
berbeda secara material dari yang telah diprediksi atau          those predicted or projected; and this is beyond the control
diproyeksi; dan hal ini berada di luar kendali Perseroan         of the Company and the Board of Directors of the Company.
dan Direksi Perseroan. Pernyataan-pernyataan tersebut            These statements are not directly or exclusively related to
tidak terkait baik secara langsung maupun secara eksklusif       historical facts and do not reflect the Company’s intentions,
dengan fakta-fakta historis dan tidak mencerminkan niat,         plans, expectations, assumptions and beliefs regarding
rencana, ekspektasi, asumsi dan keyakinan Perseroan              future events. There is no guarantee that future events will
mengenai kejadian-kejadian di masa datang. Tidak ada             occur, projections will be achieved, or that the Company’s
jaminan bahwa kejadian di masa datang akan muncul,               assumptions will be correct. These statements are not and
proyeksi akan tercapai, atau asumsi Perseroan benar.             cannot be considered as a representation of the Company’s
Pernyataan-pernyataan tersebut bukan dan tidak dapat             performance in the future.
dianggap sebagai representasi atas kinerja Perseroan di
masa datang.

Laporan tahunan ini memuat kata “Jasa Marga”, dan                This annual report contains the words “Jasa Marga”, and “the
“Perseroan” yang didefinisikan sebagai PT Jasa Marga             Company” defined as PT Jasa Marga (Persero) Tbk which
(Persero) Tbk yang menjalankan kegiatan usaha di bidang          carries out business activities in the toll road concession
pengusahaan jalan tol. Penyebutan satuan mata uang               sector. The mention of the currency unit “Rupiah”, “Rp” or IDR
“Rupiah”, “Rp” atau IDR merujuk pada mata uang resmi             refers to the official currency of the Republic of Indonesia,
Republik Indonesia, sedangkan “Dolar AS” atau USD merujuk        while “US Dollar” or USD refers to the official currency of the
pada mata uang resmi Amerika Serikat. Semua informasi            United States. All financial information is presented in Rupiah.
keuangan disajikan dalam mata uang Rupiah. Laporan               This Annual Report (including the Consolidated Financial
Tahunan ini (termasuk Laporan Keuangan Konsolidasian)            Statement) is submitted and published in a timely manner in
disampaikan dan dipublikasikan secara tepat waktu sesuai         accordance with the applicable rules and regulations.
dengan aturan dan ketentuan yang berlaku.




Pemberitahuan Tabel dan Grafik
Notice of Tables and Graphs

Tabel dan grafik pada Laporan Tahunan ini memaparkan             Tables and graphs in this Annual Report present
data numerik dengan standar penulisan mengikuti                  numerical data with writing standards following
kaidah Bahasa Indonesia. Pemaparan numerik dalam                 Indonesian language rules. Numerical presentation in
teks menggunakan standar kaidah Bahasa Indonesia                 the text uses standard Indonesian and English rules
dan Bahasa Inggris sesuai konteks.                               according to the context.


                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          3
Page 4
4   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 5
Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                   5
Page 6
6   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 7
Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                   7
Page 8
8   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 9
Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                   9
Page 10
10   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 11
Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                   11
Page 12
12   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 13
Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                   13
Page 14
 Daftar Isi
 Table of Content
                                                                   02 Laporan Manajemen
                                                                      Management Report
                                                                   58   Laporan Dewan Komisaris
                                                                        Board of Commissioners’ Report
                                                                   60   Penilaian terhadap Kinerja Direksi mengenai
                                                                        Pengelolaan Perseroan
     3     Sanggahan dan Batasan Tanggung Jawab
                                                                        Performance Assessment of the Board of Directors
           Disclaimer and Limitation of Liability
                                                                        regarding Company Management
     3     Pemberitahuan Tabel dan Grafik
                                                                   62   Pandangan atas Prospek Usaha Perseroan
           Notice of Tables and Graphs
                                                                        Views on the Company’s Business Prospects
     5     Tema dan Arti Tema
                                                                   62   Pandangan atas Penerapan Tata Kelola
           Theme and The Meaning of Theme
                                                                        Views on the Implementation of Corporate Governance
     6     Kesinambungan Tema
                                                                   66   Perubahan Komposisi Dewan Komisaris
           Theme Continuity
                                                                        Changes in the Composition of the Board of
     8     Sasaran Strategis dan Kinerja Tahun 2023                     Commissioners
           2023 Strategic Targets and Performance
                                                                   67   Apresiasi
     10    Keunggulan Jasa Marga                                        Appreciation
           Jasa Marga’s Excellence
                                                                   70   Laporan Direksi
     14    Daftar Isi                                                   Board of Directors’ Report
           Table of Contents
                                                                   71   Kondisi Ekonomi dan Industri 2023
                                                                        Economics and Industry Overview in 2023
                                                                   72   Strategi dan Kebijakan Strategis


     01            Ikhtisar Kinerja Utama                               Strategy and Strategic Policies
                                                                   73   Peranan Direksi dalam Perumusan Strategis dan
                   Main Performance                                     Kebijakan Strategis
                                                                        The Role of the Board of Directors in Strategic
                   Highlights                                           Formulation and Strategic Policy

     20    Ikhtisar Keuangan                                       73   Proses yang Dilakukan Direksi untuk Memastikan
           Financial Highlights                                         Implementasi Strategi
                                                                        Process Fulfilled by the Board of Directors to Ensure
     24    Ikhtisar Operasional                                         Strategy Implementation
           Operational Highlights
                                                                   74   Perbandingan antara Hasil yang Dicapai dengan yang
     25    Informasi Harga Saham                                        Ditargetkan
           Shares Highlights                                            Comparison between Achieved Results and Targets
     27    Laporan Analis Perseroan                                74   Analisis atas Kinerja Perseroan
           Company Analyst Report                                       Company Performance Analysis
     33    Aksi Korporasi                                          75   Tantangan dan Kendala yang Dihadapi dan Langkah
           Corporate Action                                             Penyelesaiannya
                                                                        Challenges and Impediments Faced and Steps Taken to
     33    Informasi Penghentian Sementara Perdagangan Saham
                                                                        Resolve Them
           (Suspension) dan/atau Penghapusan Pencatatan Saham
           (Delisting)                                             77   Memperkuat Daya Saing
           Information on Stocks Suspension and/or Delisting            Strengthening Competitiveness
     33    Informasi Obligasi, Sukuk, dan/atau Obligasi Konversi   77   Prospek Usaha
           serta Pendanaan Lainnya                                      Business Prospects
           Information on Bonds, Sukuk and/or
           Converted Bonds and Other Financing                     78   Penerapan Tata Kelola Perusahaan
                                                                        Corporate Governance Implementation
     36    Penghargaan dan Sertifikasi
           Awards and Certifications                               79   Penilaian Kinerja Komite di Bawah Direksi dan Dasar
                                                                        Penilaiannya
     52    Peristiwa Penting                                            Assessment of the Performance of the Committees
           Highlight Events                                             under the Board of Directors and Its Basis of Assessment
                                                                   79   Perubahan Komposisi Direksi
                                                                        Changes in the Board of Directors Composition
                                                                   80   Apresiasi
                                                                        Appreciation
                                                                   84   Surat Pernyataan Anggota Direksi dan Anggota Dewan
                                                                        Komisaris tentang Tanggung Jawab atas Laporan
                                                                        Tahunan PT Jasa Marga (Persero) Tbk Tahun Buku 2023
                                                                        Statement of Members of The Board of Directors and
                                                                        Board of Commissioners on Responsibility for the Annual
                                                                        Report of PT Jasa Marga (Persero) Tbk for the Fiscal Year
                                                                        2023




14    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 15
            Profil Perusahaan                                     228   Komposisi Pemegang Saham

03 Company Profile                                                234
                                                                        Shareholders Composition
                                                                        Entitas Anak, Entitas Asosiasi, dan Ventura Bersama
                                                                        Subsidiaries, Associates Entities and Joint Ventures
88    Identitas Jasa Marga
                                                                  270   Struktur Grup Perseroan
      Jasa Marga Identity
                                                                        Company Group Structure
89    Riwayat Singkat Perseroan
                                                                  272   Kronologi Penerbitan dan/atau Pencatatan Saham
      Company Brief History
                                                                        Chronology of Shares Listing and/or Issuance
90    Informasi tentang Perubahan Nama
                                                                  273   Kronologi Penerbitan dan/atau Pencatatan Obligasi
      Information on Name Alteration
                                                                        Chronology of Bond Issuance and/or Listing
91    Keanggotaan dalam Asosiasi
                                                                  278   Obligasi Jasa Marga yang Belum Jatuh Tempo
      Membership in Association
                                                                        Jasa Marga Outstanding Bonds
92    Jejak Langkah
                                                                  282   Kronologi Penerbitan dan/atau Pencatatan Sukuk
      Milestone Event
                                                                        Chronology of Sukuk Issuance and/or Registration
94    Wilayah Operasional Perseroan
      Company Operational Area                                    283   Kronologi Penerbitan dan/atau Pencatatan Sumber
                                                                        Pendanaan Lainnya
102   Akses terhadap Perseroan                                          Chronology of Issuing and/or Listing of Other Funding
      Access to The Company                                             Sources
104   Visi, Misi, dan Budaya Perseroan                            284   Lembaga dan/atau Profesi Penunjang
      Vision, Mission, and Corporate Values                             Supporting Institutions and/or Professions
110   Bidang Usaha                                                286   Informasi pada Situs Web Perseroan
      Line of Business                                                  Information on the Company’s Website
113   Produk dan Jasa yang Dihasilkan (Model Bisnis)
      Products and Services (Business Model)


                                                                  04 Analisis dan
121   Logo Perseroan
      Company Logo
124   Struktur Organisasi
      Organization Structure
                                                                     Pembahasan
126   Perubahan Komposisi Dewan Komisaris dan Direksi di                     Manajemen
      Tahun Buku 2023
      Changes in the Board of Commissioners and the Board                    Management Discussion
      of Directors after the Financial year 2023
                                                                             and Analysis
127   Informasi Perubahan Dewan Komisaris dan Direksi
      Setelah Tahun Buku 2023                                     290   Tinjauan Umum
      Information Changes in the Board of Commissioners and             General Overview
      the Board of Directors after the Financial year 2023
                                                                  295   Tinjauan Operasi per Segmen Usaha
128   Profil Dewan Komisaris                                            Operations Review per Business Segment
      Board of Commissioners’ Profile
                                                                  331   Tinjauan Keuangan
135   Profil Direksi
                                                                        Financial Overview
      Board of Directors’ Profile
                                                                  369   Kemampuan Membayar Utang dan Tingkat Kolektibilitas
141   Profil Komite Audit
                                                                        Piutang
      Profile of Audit Committee
                                                                        Ability to Pay Debt and Collectibility in Receivables
144   Profil Komite Nominasi dan Remunerasi
                                                                  372   Struktur Modal
      Profile of Nomination and Remuneration Committee
                                                                        Capital Structure
146   Profil Komite Risiko dan Hukum
                                                                  373   Ikatan Material Investasi Barang Modal
      Profile of Risk and Legal Committee
                                                                        Capital Investment Material Commitment
149   Profil Sekretaris Dewan Komisaris
                                                                  373   Investasi Barang Modal
      Profile of Secretary of the Board of Commissioners
                                                                        Capital Expenditure
149   Pejabat Eksekutif
                                                                  374   Pencapaian Target 2023 dan Target 2024
      Executive Management
                                                                        Achievement of the 2023 Targets and 2024 Targets
166   Demografi Karyawan 2022-2023                                376   Informasi dan Fakta Material Setelah Tanggal Laporan
      Employee Demography 2022-2023                                     Akuntan
168   Pengembangan Kompetensi                                           Subsequent Material Information and Facts after the
      Competency Development                                            Accountant’s Report Date

195   Pendidikan dan/atau Pelatihan Dewan Komisaris, Direksi,     377   Prospek Usaha
      Komite-Komite, Sekretaris Perusahaan, Unit Audit Internal         Business Prospect
      dan Unit Manajemen Risiko                                   377   Aspek Pemasaran
      Education and/or Training for Board of Commissioners,             Marketing Aspect
      Board of Directors, Committees, Corporate Secretary,
      Internal Audit Unit, and Risk Management Unit               381   Kebijakan dan Pembayaran Dividen
                                                                        Dividend Policy and Payment
                                                                  383   Program Kepemilikan Saham oleh Karyawan dan
                                                                        Manajemen (ESOP/MSOP)
                                                                        Program of Share Ownership by Employees and
                                                                        Management (ESOP/MSOP)



                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          15
Page 16
     383   Program Employee Stock Allocation (ESA)                     439   Penghargaan kepada Karyawan
           Employee Stock Allocation (ESA) Program                           Reward to Employees
     385   Realisasi Penggunaan Dana Hasil Penawaran Umum              440   Hubungan Industrial
           Realization of Use of Public Offering Proceeds                    Industrial Relation
     387   Informasi Material mengenai Investasi, Ekspansi,            442   Teknologi Informasi
           Divestasi, Penggabungan/Peleburan Usaha, Akuisisi,                Information Technology
           Restrukturisasi Utang dan Modal, Transaksi Material, dan
                                                                       442   Pengelolaan Teknologi Informasi
           Transaksi Afiliasi
                                                                             Information Technology Management
           Material Information Regarding Investment, Expansion,
           Divestment, Business Merger/Consolidation, Acquisition,     443   Arsitektur Teknologi Informasi Jasa Marga
           Debt and Capital Restructuring, Material Transactions,            Jasa Marga Information Technology Architecture
           and Affiliated Transactions
                                                                       444   Fokus Pengembangan Teknologi Informasi 2023
     397   Informasi Transaksi dengan Pihak Berelasi                         Information Technology Development Focus
           atau Benturan Kepentingan                                         in 2023
           Information on Material Transactions Containing Conflicts
           of Interest and/or Transactions with Affiliated Parties     445   Biaya Pengembangan Teknologi Informasi
                                                                             Information Technology Development Budget
     403   Kepatuhan Pembayaran Pajak
           Tax Payment Compliance                                      445   Tata Kelola Teknologi Informasi
                                                                             Information Technology Governance
     404   Perubahan Peraturan Perundang-undangan terhadap
           Perusahaan pada Tahun Buku Terakhir                         445   Inovasi Teknologi
           Changes to the Laws and Regulations on                            Technological Innovation
           the Company in the Last Financial Year
     408   Perubahan Kebijakan Akuntansi yang Diterapkan
           Perseroan pada Tahun Buku Terakhir



     411
           Changes in Accounting Policies Applied
           by the Company in Current Fiscal Year
           Informasi Kelangsungan Usaha
                                                                       06 Tata Kelola
                                                                          Perusahaan
           Information on Business Continuity
     412   Komitmen dan Kontinjensi
                                                                                   Good Corporate
           Commitments and Contingencies                                           Governance
                                                                       450   Penerapan Tata Kelola Perusahaan yang Baik
                                                                             Good Corporate Governance Implementation
                                                                       457   Perkembangan Penerapan Tata Kelola Perusahaan yang

     05            Fungsi Penunjang
                   Bisnis
                                                                             Baik di Lingkup Perseroan
                                                                             Progress of Good Corporate Governance Implementation
                                                                             in the Company's Scope
                                                                       480   Struktur Organ Tata Kelola Perusahaan
                   Business Support                                          Corporate Governance Organ Structure
                   Function                                            486   Pemegang Saham dan Rapat Umum Pemegang Saham
                                                                             Shareholders and General Meeting of Shareholders
     416   Human Capital                                               521   Dewan Komisaris
           Human Capital                                                     Board of Commissioners
     424   Strategi Pengelolaan Human Capital                          551   Komisaris Independen
           Human Capital Management Strategy                                 Independent Commissioner
     429   Pengembangan Organisasi                                     553   Direksi
           Organization Development                                          Board of Directors
     429   Manajemen Human Capital                                     578   Penilaian Kinerja Dewan Komisaris dan Direksi
           Human Capital Management                                          Assessment on Board of Commissioners and Board of
     433   Pengembangan Karyawan                                             Directors Performance
           Employee Development                                        586   Rapat Dewan Komisaris dan Direksi
     434   Pengelolaan Kinerja                                               Board of Commissioners and Board of Directors
           Performance Management                                            Meetings

     436   Kesejahteraan Karyawan                                      595   Nominasi dan Remunerasi bagi Dewan Komisaris dan
           Employee Welfare                                                  Direksi
                                                                             Nomination and Remuneration of the Board of
     438   Program Pasca Kerja                                               Commissioners and Directors
           Post-Employment Program




16    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 17
601   Hubungan Dewan Komisaris dan Direksi
      Relations Between Board of Commissioners and Board
      of Directors
                                                             07 Tanggung   Jawab
                                                                Sosial dan Lingkungan
601   Pengungkapan Hubungan Afiliasi
      Disclosure of Affiliated Relationship                              Social and Environmental
603   Keberagaman Komposisi Dewan Komisaris dan Direksi                  Responsibility
      Board of Commissioners and Board of Directors
      Composition Diversity
                                                             796   Kinerja Keberlanjutan Aspek Ekonomi
608   Organ dan Komite di Bawah Dewan Komisaris                    Economic Aspect Sustainability Performance
      Organ and Committees Under the Board of
      Commissioners                                          797   Kinerja Keberlanjutan Aspek Lingkungan Hidup
                                                                   Environmental Aspect Sustainability Performance
664   Organ dan Komite di Bawah Direksi
      Organ and Committees Under the Board of Directors      797   Kinerja Keberlanjutan Aspek Sosial
                                                                   Social Aspect Sustainability Performance
702   Kantor Akuntan Publik
      Public Accountant Office
705   Manajemen Risiko


747
      Risk Management
      Sistem Pengendalian Internal
                                                             08 Referensi POJK,
                                                                SEOJK, dan Kriteria
      Internal Control System
751   Kebijakan Pemberian Kompensasi Jangka Panjang
      Berbasis Kinerja
                                                                         ARA
      Performance Based on Long-term Compensation Policy                 Reference of POJK, SEOJK,
751   Perkara Hukum
      Lawsuit
                                                                         and ARA Criteria
756   Kebijakan Pengungkapan Informasi                       800   Referensi POJK No. 29/POJK.04/2016
      Information Disclosure Policy                                dan SEOJK No. 16/SEOJK.04/2021
757   Komunikasi dan Akses Informasi dan Data Perseroan            POJK No. 29/POJK.04/2016 and
      untuk Pemegang Saham dan Masyarakat                          SEOJK No. 16/SEOJK.04/2021 Reference
      Communication and Access to the Company’s              820   Kriteria Annual Report Award (ARA)
      Information and Data for Shareholders and the Public         Annual Report Award (ARA) Criteria
759   Kode Etik
      Code of Ethics
763   Kebijakan Anti Korupsi dan Sosialisasinya


766
      Anti Corruption Policy and Socialization
      Pengendalian Gratifikasi
                                                             09            Laporan Keuangan
                                                                           Konsolidasian
      Gratification Control
771   Kebijakan Pengadaan Barang dan Jasa                                  Consolidated Financial
      Goods and Services Procurement Policy
                                                                           Statement
777   Laporan Harta Kekayaan Penyelenggara Negara (LHKPN)
      State Officials' Assets Report (LHKPN)                 847   PT Jasa Marga (Persero) Tbk dan Entitas Anaknya
779   Whistleblowing System                                        PT Jasa Marga (Persero) Tbk and Its Subsidiaries
      Whistleblowing System
785   Kebijakan Insider Trading
      Insider Trading Policy
786   Informasi tentang Pembelian Kembali Saham dan
      Obligasi
      Information About Shares and Bonds Buyback
786   Penyediaan Dana untuk Kegiatan Politik
      Funds Provision for Political Activities
786   Transparansi Praktik Bad Governance
      Transparency of Bad Governance Practices
787   Tata Kelola Teknologi Informasi
      Information Technology Governance




                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                    17
Page 18
           01
            Ikhtisar Kinerja
            Utama
            Main Performance
            Highlights




     20    Ikhtisar Keuangan                              33   Informasi Penghentian Sementara
           Financial Highlights                                Perdagangan Saham (Suspension) dan/
                                                               atau Penghapusan Pencatatan Saham
     24    Ikhtisar Operasional                                (Delisting)
           Operational Highlights                              Information on Stocks Suspension and/or
                                                               Delisting
     25    Informasi Harga Saham
           Shares Highlights                              33   Informasi Obligasi, Sukuk, dan/atau
                                                               Obligasi Konversi serta Pendanaan
     27    Laporan Analis Perseroan
                                                               Lainnya
           Company Analyst Report
                                                               Information on Bonds, Sukuk and/or
     33    Aksi Korporasi                                      Converted Bonds and other Financing
           Corporate Action
                                                          36   Penghargaan dan Sertifikasi
                                                               Awards and Certifications

                                                          52   Peristiwa Penting
                                                               Important Events




18   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 19
                             Ikhtisar Kinerja Utama
                             Main Performance Highlights




Fokus Perseroan di tahun 2023 adalah menjaga kesinambungan pertumbuhan
kinerjanya baik secara finansial maupun operasional sehingga dapat meningkatkan
daya saing. Solidnya pencapaian kinerja utama Perseroan ini juga didukung oleh
komitmen dari peningkatan nilai di seluruh lini bisnis.

The Company's focus in 2023 is to maintain sustainable growth in its performance both
financially and operationally hence it can increase competitiveness. Solid achievement of
the Company's main performance is also supported by commitment to increasing value in
all business lines.

                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                              19
Page 20
 Ikhtisar Keuangan
 Financial Highlights

                                                  Tabel Historis Ikhtisar Keuangan Periode 2019-2023
                                                Table of Historical Financial Highlight for the Period of 2019-2023


                                                                                                                  (dalam miliar Rupiah, kecuali dinyatakan lain)
                                                                                                                       (in billion Rupiah, unless stated otherwise)

                           Uraian
                                                                  2023               2022                2021                2020                    2019
                         Description

     Laporan Laba Rugi dan Penghasilan Komprehensif Lainnya Konsolidasian
     Consolidated Statement of Profit or Loss and Other Comprehensive Income
     Pendapatan Usaha                                                15.566               13.783             11.776                9.588                 10.984
     Operating Revenue
        Pendapatan Tol                                               13.948              12.444             10.786                 8.763                   10.131
        Toll Operating Revenue
        Pendapatan Usaha Lain                                          1.618               1.339                990                  825                     853
        Other Operating Revenue
     Pendapatan Konstruksi                                            5.753               2.800              3.393                  4.116                 15.361
     Construction Revenue
     Beban Pendapatan                                              (12.360)               (9.165)           (8.667)              (8.349)                (19.901)
     Cost of Revenue
     Laba Usaha                                                      11.318                7.383             6.720                 4.466                  5.857
     Profit from Operations
     EBITDA                                                           9.912               8.680               7.676                5.984                  6.882
     EBITDA
     Laba Sebelum Pajak Penghasilan                                   7.926               3.726              2.072                   696                  3.098
     Profit Before Income Tax
     Beban Pajak Penghasilan                                          (1.177)            (1.402)             (1.201)                (738)                 (1.024)
     Income Tax Expense
     Laba Tahun Berjalan yang Dapat Diatribusikan kepada:
     Profit for the Year Attributable to:
        Pemilik Entitas Induk                                         6.794                2.747              1.615                   501                 2.207
        Owners of the Parent Entity
        Kepentingan Non Pengendali                                      (44)               (423)              (744)                 (543)                   (133)
        Non-controlling Interest
     Total Laba (Rugi) Tahun Berjalan                                 6.749               2.324                 871                   (42)                 2.074
     Total Profit for the Year
     Total Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada:
     Total Comprehensive Income for the Year Attributable To:
     Pemilik Entitas Induk                                            6.620                1.239              1.532                  644                   2.130
     Owners of the parent entity
     Kepentingan Non Pengendali                                         (33)               (422)              (744)                 (543)                   (133)
     Non-controlling Interest
     Total Penghasilan Komprehensif Tahun                             6.587                  818                788                    101                 1.996
     Berjalan
     Total Comprehensive Income for the Year
     Laba per Saham (Rupiah penuh)                                    936,0               378,5              222,6                   69,0                  304,1
     Earning per Share (in Rupiah, full amount)




20     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 21
                                                                     Ikhtisar Kinerja Utama
                                                                     Main Performance Highlights




                                       Tabel Historis Ikhtisar Keuangan Periode 2019-2023
                                     Table of Historical Financial Highlight for the Period of 2019-2023


                                                                                                            (dalam miliar Rupiah, kecuali dinyatakan lain)
                                                                                                                 (in billion Rupiah, unless stated otherwise)

                     Uraian
                                                       2023                 2022                   2021                2020                    2019
                    Description

Posisi Keuangan Konsolidasian
Consolidated Statements of Financial Position
Total Aset                                              129.312                    91.139           101.243               104.087                 99.680
Total Assets
Total Liabilitas                                          90.401                  65.518             75.743                  79.311                76.494
Total Liabilities
Total Ekuitas                                             38.911                  25.621            25.500                 24.776                   23.186
Total Equity
Belanja Modal                                             12.128                     7.915           5.836                   7.369                  20.711
Capital Expenditure
Investasi pada Entitas Asosiasi dan Ventura                6.156                   8.974             6.537                   4.591                  4.395
Bersama
Investment in Associates and Joint
Ventures
Modal Kerja Bersih                                      (14.846)                       344           (1.653)               (4.223)                (29.914)
Net Working Capital
Arus Kas Konsolidasian
Consolidated Cash Flows
Arus Kas dari Aktivitas Operasi                            4.166                   4.022              2.767                   1.441                 3.405
Cash Flows from Operating Activities
Arus Kas dari Aktivitas Investasi                        (8.324)                  (1.640)           (3.906)               (24.183)                (15.915)
Cash Flows from Investing Activities
Arus Kas dari Aktivitas Pendanaan                             168                      (62)          2.992                 22.998                  10.983
Cash Flows from Financing Activities
Kenaikan Neto Kas dan Setara Kas                         (3.990)                   2.320               1.851                   256                  (1.527)
Net Increase of Cash and Cash Equivalents
Kas dan Setara Kas Pada Awal Tahun                         8.429                   6.279             4.597                   4.342                  5.943
Cash and Cash Equivalents at Beginning of
the Year
Kas dan Setara Kas Pada Akhir Tahun                        4.439                   8.429             6.279                   4.597                   4.342
Cash and Cash Flows at End of Year
Rasio Keuangan Utama (%)
Financial Ratios (%)
Rasio Laba (Rugi) terhadap Aset                               5,3                       3,0                1,6                  0,5                     2,2
Return on Asset Ratio
Rasio Laba (Rugi) terhadap Ekuitas                            17,5                     10,7                6,3                  2,0                     9,5
Return on Equity Ratio
Marjin Laba (Rugi) terhadap Pendapatan                     43.65                      19,9                13,7                  5,2                    20,1
Usaha
Gross Margin Ratio
Rasio Lancar                                                34,9                    102,8              86,2                     71,7                  28,0
Current Ratio
Rasio Liabilitas terhadap Jumlah Ekuitas                   232,3                    255,7             297,0                   320,1                 329,9
Debt to Equity Ratio
Rasio Liabilitas terhadap Jumlah Aset                       69,9                       71,9               74,8                 76,2                   76,8
Debt to Asset Ratio
EBITDA Margin                                                63,7                    63,0              65,2                    62,4                    62,7
EBITDA Margin




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                21
Page 22
       Grafik Pendapatan Usaha Di Luar                                                     Grafik Beban Pendapatan
       Pendapatan Konstruksi 2019-2023                                                     Di Luar Beban Konstruksi 2019-2023
       Chart of Non-Construction Operating Revenue in 2019-2023                            Chart of Non-Construction Operating Cost in 2019-2023

                                                                (dalam miliar Rupiah)                                                              (dalam miliar Rupiah)
                                                                     (in billion Rupiah)                                                                (in billion Rupiah)



        2023                                                             15.566             2023
                                                                                                                                                     6.643
        2022                                                          13.783                2022                                                   6.392


        2021                                                   11.776                       2021                                           5.334


        2020                                           9.588                                2020                                   4.275


        2019                                               10.984                           2019                                     4.634




       Grafik Laba Usaha 2019-2023                                                         Grafik Laba Sebelum Pajak
       Chart of Profit from Operations in 2019-2023                                        Penghasilan 2019-2023
                                                                                           Chart of Profit Before Income Tax in 2019-2023

                                                                (dalam miliar Rupiah)                                                              (dalam miliar Rupiah)
                                                                     (in billion Rupiah)                                                                (in billion Rupiah)



        2023
                                                               11.318                       2023                                                            7.926
        2022                                           7.383                                2022                           3.726


        2021                                     6.720                                      2021                2.072


        2020                           4.466                                                2020        696


        2019                                   5.857                                        2019                        3.098




       Grafik Laba Tahun Berjalan Yang Dapat Diatribusikan
       Kepada Pemilik Entitas Induk 2019-2023                                              Grafik Laba Bersih Per Saham 2019-2023
       Chart of Profit for the Year Attributable                                           Chart of Earnings per Share in 2018-2022
       to Owners of the Parent Entity in 2018-2022

                                                                (dalam miliar Rupiah)                                                              (dalam Rupiah Penuh)
                                                                     (in billion Rupiah)                                                                 (in Fully Rupiah)



        2023
                                                           6.793                            2023
                                                                                                                                                   936
        2022                        2.747                                                   2022                    378


        2021                1.615                                                           2021              223


        2020          501                                                                   2020        69


        2019                   2.207                                                        2019                 304




22   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 23
                                                                                Ikhtisar Kinerja Utama
                                                                                Main Performance Highlights




Grafik EBITDA 2019-2023                                                                 Grafik Total Aset 2019-2023
Chart of EBITDA 2019-2023                                                               Chart of Total Assets in 2019-2023



                                                     (dalam miliar Rupiah)                                                                    (dalam miliar Rupiah)
                                                          (in billion Rupiah)                                                                      (in billion Rupiah)



 2023                                                                9.912                2023                                                        129.312
 2022                                                        8.680                        2022                                       91.139


 2021                                                 7.676                               2021                                          101.243


 2020                                     5.984                                           2020                                             104.087


 2019                                             6.882                                   2019                                          99.680




Grafik Total Liabilitas 2019-2023                                                       Grafik Total Ekuitas 2019-2023
Chart of Total Liabilities in 2019-2023                                                 Chart of Total Equity in 2019-2023



                                                     (dalam miliar Rupiah)                                                                    (dalam miliar Rupiah)
                                                          (in billion Rupiah)                                                                      (in billion Rupiah)



 2023                                               90.401                                2023                                                            38.911
 2022                                      65.518                                         2022                                         25.621


 2021                                             75.743                                  2021                                       25.500


 2020                                              79.311                                 2020                                       24.776


 2019                                             76.494                                  2019                                    23.186




                                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                         23
Page 24
 Ikhtisar Operasional
 Operational Highlights

                                                 Tabel Historis Ikhtisar Operasional Periode 2019-2023
                                              Table of Historical Operational Highlights for the Period of 2019-2023




                                Uraian
                                                                               2023            2022           2021            2020           2019
                              Description

     Panjang Jalan Tol Beroperasi (km)                                                 1.264      1.260           1.246            1.191         1.162
     Total Length of Operated Toll Roads (km)
     Hak Konsesi Jalan Tol (km)                                                        1.736      1.906           1.603           1.603         1.527
     Toll Roads Concession Rights (km)
     Volume Lalu Lintas Transaksi (Jutaan kendaraan)                                   1.292      1.230           1.066             979         1.234
     Volume of Traffic Transactions (million vehicles)
     Volume Lalu Lintas Transaksi Harian Rata-rata                                               3.370           2.922           2.682          3.380
     (ribuan kendaraan)
     Volume of Traffic Transactions on Average Daily
     (thousand vehicles)
     Pendapatan Tol Harian Rata-rata ( jutaan Rupiah)                             37.723        34.093          29.552          24.008         27.755
     Toll Road Revenue on Average Daily
     (million Rupiah)
     Jumlah Karyawan Konsolidasi (Orang)                                               7.949     7.990            8.160           7.783          8.311
     Number of Employees (People)
     Jumlah Petugas Customer Service (Orang)                                           2.776     2.726           3.490             3.119       3.292
     Number of Toll Road Customer Service (people)
     Pemenuhan Standar Pelayanan Minimal (SPM)                                         100%       100%            100%            100%          100%
     Fulfillment of Minimum Standard of Services (MSS)




         Panjang Jalan Tol Operasi 2019-2023                                                    Hak Konsensi Jalan Tol 2019-2023
         Total Length of Operated Toll Roads in 2019-2023                                       Total Roads Concession Rights in 2019-2023


                                                                        (dalam km)                                                                    (dalam km)
                                                                             (in km)                                                                       (in km)



          2023                                                   1.264                           2023                                           1.736
          2022                                                  1.260                            2022                                                 1.906


          2021                                                 1.246                             2021                                        1.603


          2020                                                1.191                              2020                                         1.603


          2019                                               1.162                               2019                                        1.527




24     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 25
                                                                                        Ikhtisar Kinerja Utama
                                                                                        Main Performance Highlights




                   Informasi Harga Saham
                   Shares Highlights

                                                   Tabel Harga, Volume, dan Kapitalisasi Saham JSMR 2022-2023
                                                 Table of JSMR Stocks Price, Volume, and Market Capitalization in 2022-2023


                                              Harga Per Saham (Rupiah Penuh)                                                                            Kapitalisasi Pasar
                                                                                                       Jumlah Saham            Volume Transaksi
                                             Price Per Share (Full Amount Rupiah)                                                                          (Rp triliun)
                      Periode                                                                         Beredar (lembar)              (lembar)
                                                                                                                                                             Market
                       Period     Pembukaan        Tertinggi     Terendah           Penutupan            Total Shares             Transaction
                                                                                                                                                          Capitalization
                                   Opening          Highest       Lowest             Closing         Outstanding (shares)       Volume (shares)
                                                                                                                                                           (Rp trillion)
                   2023

                   Triwulan I
                                    3.260           3.260          3.200              3.220                7.257.871.200            2.224.800                   23,37
                   1st Quarter
                   Triwulan II
                                    3.720           3.840          3.720              3.800                7.257.871.200            9.793.600                   27,58
                   2nd Quarter
                   Triwulan III
                                    4.400           4.400          4.200              4.290                7.257.871.200            7.921.300                   31,14
                   3rd Quarter
                   Triwulan IV
                                    4.800           4.890          4.740              4.870                7.257.871.200            5.976.800                  35,35
                   4th Quarter
                   2022

                   Triwulan I
                                    3.830           3.890          3.830              3.850                7.257.871.200            5.244.300                   27,94
                   1st Quarter
                   Triwulan II
                                    3.620           3.660          3.540              3.540                7.257.871.200            5.838.600                  25,69
                   2nd Quarter
                   Triwulan III
                                    3.330           3.380          3.240              3.240                7.257.871.200            15.911.500                 23,52
                   3rd Quarter
                   Triwulan IV
                                    2.980           3.000          2.960              2.980                7.257.871.200             836.800                    21,63
                   4th Quarter




                                            Grafik Pergerakan Harga dan Volume Saham JSMR Tahun 2022-2023
                                                      JSMR Stocks Price and Volume Movement Chart in 2022-2023




Harga Saham
(Rp Penuh)
Stock Price
(Full Rupiah)




Volume
(Juta lembar)
Volume
(Million Shares)

                                            2022                                                                                   2023




                                                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                              25
Page 26
                                          Grafik Pergerakan Harga Penutupan Saham Triwulanan Tahun 2022-2023
                                                           Quarterly Stock Closing Prices Movement Chart in 2022-2023

                                                                                                                      dalam Rupiah penuh/in Rupiah
                            5.000

                                                                                                   4.290                              4.870

                                              3.850                       3.800                                                                            2023
                            4.000
                                                                                                                                                           2022

                                                                                                   3.240
                                                                          3.540                                                        2.980
                            3.000             3.220




                            2.000
                                             Triwulan I                  Triwulan II             Triwulan III                        Triwulan IV
                                             1st Quarter                 2nd Quarter             3rd Quarter                         4th Quarter




                                                 Grafik Pergerakan Volume Saham Triwulanan Tahun 2022-2023
                                                             Quarterly Stocks Volume Movement Chart in 2022-2023

                                                                                                dalam jutaan transaksi/ in millions of transaction
                                20

                                                                                                   15,9

                                 15


                                                                            9,8                                                                            2023
                                 10
                                                                                                                                                           2022

                                                 5,2                                                                                    5,9
                                                                                                     7,9
                                  5
                                                                             5,8
                                                                                                                                           0,8
                                                2,2
                                  0
                                             Triwulan I                  Triwulan II             Triwulan III                        Triwulan IV
                                             1st Quarter                 2nd Quarter             3rd Quarter                         4th Quarter




                                                            Grafik Kapitalisasi Pasar Saham Tahun 2022-2023
                                                                 Stock Market Capitalization Chart in 2022-2023

                                                                                                                dalam triliun Rupiah/ in trillion Rupiah




                                35
                                                                                                                                        35,3
                                                                                                    31,1

                                30                                                                                                                         2023
                                              27,9                            27,6                                                                         2022



                                25
                                                                             25,7
                                                                                                                                           21,6
                                                23,4                                                23,5

                                20
                                             Triwulan I                  Triwulan II             Triwulan III                        Triwulan IV
                                             1st Quarter                 2nd Quarter             3rd Quarter                         4th Quarter




26   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 27
                                                                   Ikhtisar Kinerja Utama
                                                                   Main Performance Highlights




Laporan Analis Perseroan
Company Analyst Report

                                      Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                            Table of Analyst Report Results for the Company in 2023



No     Tanggal     Sekuritas – Analis      Rekomendasi   Target Harga (Rp)                                        Ringkasan
        Date       Security – Analyst     Recommendation Target Price (Rp)                                        Summary

 1   01 Februari   UOB Kay Hian                Buy                5.300               Volume lalu lintas dapat meningkat lebih dari 15% YoY
     2023          - Limartha Adhi                                                    pada tahun 2023 karena Pemerintah telah menghapuskan
     February      Putra                                                              pembatasan sosial (PPKM) pada awal Januari 2023.
     01, 2023                                                                         Pendapatan dan NPAT JSMR diperkirakan akan mengalami
                                                                                      peningkatan masing-masing 11,8% YoY dan 22% YoY pada
                                                                                      tahun 2023 yang disebabkan oleh: 1) Peningkatan lalu lintas,
                                                                                      2) Penyesuaian tarif jalan tol, dan 3) Kemampuan untuk
                                                                                      menekan potensi risiko terhadap lonjakan tingkat suku bunga
                                                                                      pada tahun 2023.
                                                                                      Traffic volume could increase by more than 15% YoY in 2023
                                                                                      because the Government has abolished social restrictions
                                                                                      (PPKM) in early January 2023. JSMR's revenue and NPAT are
                                                                                      expected to increase by 11.8% YoY and 22% YoY respectively
                                                                                      in 2023 due to: 1) Increased traffic, 2) Adjustment of toll road
                                                                                      tariffs, and 3) Ability to reduce potential risk of a spike in
                                                                                      interest rates in 2023.
 2   03 Februari   Mandiri Sekuritas           Buy                5.100               Perseroan telah memberikan petunjuk proyeksi
     2023          - Farah Rahmi                                                      pertumbuhan pendapatan 10-15% di tahun 2023, EBITDA
     February      Oktaviani                                                          Margin dipertahankan pada level >60% dan pengeluaran
     03, 2023                                                                         capex ditetapkan pada rentang Rp8-10 triliun. Perusahaan
                                                                                      menyampaikan informasi terkini terkait rencana asset
                                                                                      recycling di JTT dan mengupayakan strategic partnership
                                                                                      dengan kesepakatan diperkirakan terjadi pada bulan
                                                                                      September 2023.
                                                                                      The Company has provided guidance on projected revenue
                                                                                      growth of 10-15% in 2023, EBITDA Margin maintained at >60%
                                                                                      and capex expenditure around Rp8-10 trillion. The Company
                                                                                      provides latest information regarding asset recycling plans
                                                                                      at JTT and is seeking strategic partnership with agreement
                                                                                      expected to occur in September 2023.
 3   10 Maret      Citi - Felicia Barus        Buy                4.800               Kami tetap menjaga optimisme terhadap JSMR karena
     2023                                                                             pendapatan tol telah melampaui tingkat sebelum terjadinya
     March 10,                                                                        COVID-19, sementara divestasi aset JJC telah menghasilkan
     2023                                                                             gearing dan saldo kas yang lebih baik. Selain itu, rata-rata
                                                                                      tertimbang yang masih rendah biaya utang (WACD) pada
                                                                                      4Q22 dan komitmen JSMR untuk mengelola belanja modal
                                                                                      di kecepatan yang wajar (walaupun terdapat tambahan
                                                                                      konsesi baru), akan menghasilkan stabilitas beban bunga
                                                                                      dan pertumbuhan pendapatan inti FY23E sebesar 43%
                                                                                      YoY. Kami menurunkan Pendapatan FY23/24E sebesar -7%
                                                                                      memperhitungkan hasil FY22, yang meliputi biaya yang
                                                                                      dinormalisasi (lebih tinggi) dan kenaikan tarif FY23E yang
                                                                                      lebih terkendali. Lebih jauh potensi kenaikan ada jika JSMR
                                                                                      mampu melaksanakan rencana asset recycling PT Jasamarga
                                                                                      Transjawa Tol (JTT).
                                                                                      We remain optimistic about JSMR as toll revenues have
                                                                                      exceeded pre-COVID-19 levels, while divestment of JCC
                                                                                      assets has resulted in better gearing and cash balances. In
                                                                                      addition, weighted average cost of debt (WACD) still low in
                                                                                      4Q22 and JSMR's commitment to manage capital expenditure
                                                                                      at reasonable pace (despite the addition of new concessions),
                                                                                      will result in interest expense stability and FY23E core income
                                                                                      growth of 43% yoy. We lowered FY23/24E Revenue by -7% by
                                                                                      taking into account FY22 results, which include normalized
                                                                                      (higher) costs and more controlled FY23E rate increases.
                                                                                      There is further potential for increase if JSMR is able to
                                                                                      implement its asset recycling plan, PT Jasamarga Transjawa
                                                                                      Tol (JTT).




                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                       27
Page 28
                                                   Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                                              Table of Analyst Report Results for the Company in 2023



     No        Tanggal         Sekuritas – Analis       Rekomendasi   Target Harga (Rp)                                      Ringkasan
                Date           Security – Analyst      Recommendation Target Price (Rp)                                      Summary

     4       06 April         Maybank                            Buy                5.000         Menginisiasi untuk BUY JSMR dengan target price (TP)
             2023             Sekuritas - Etta                                                    berdasarkan EV/EBITDA sebesar Rp5.000 atau terdapat
             April 06,        Rusdiana Putra                                                      potensi kenaikan sebesar 53%. TP menggambarkan 1,5x P/BV
             2023                                                                                 dan 22,0x P/E TA23E. Kami menyukai JSMR karena mayoritas
                                                                                                  konsesi jalan tol yang dimiliki berlokasi di Pulau Jawa (Jawa
                                                                                                  menyumbang 56% populasi Indonesia), adanya perlindungan
                                                                                                  penyesuaian tarif berdasarkan undang-undang dan pemulihan
                                                                                                  lalu lintas ke kondisi sebelum terjadinya COVID-19. Risiko-
                                                                                                  risiko terhadap proyeksi kami meliputi: 1) resesi; 2) siklus
                                                                                                  belanja modal yang tinggi; 3) keterlambatan penyesuaian tarif;
                                                                                                  dan 4) ketidakmampuan mendaur ulang aset.
                                                                                                  Initiated BUY JSMR with target price (TP) based on EV/EBITDA
                                                                                                  of Rp5,000 or potential increase of 53%. TP represents 1.5x P/
                                                                                                  BV and 22.0x P/E FY23E. We like JSMR because the majority
                                                                                                  of its toll road concessions are located on the island of Java
                                                                                                  (Java accounts for 56% of Indonesia's population), there is
                                                                                                  tariff adjustment protection under the law and restoration
                                                                                                  of traffic to pre-Covid conditions. Risks to our projections
                                                                                                  include: 1) recession; 2) high capital expenditure cycle; 3)
                                                                                                  delays in tariff adjustments; and 4) inability to recycle assets.
     5       17 Mei           BCA Sekuritas -                    Buy                5.000         Sudah tidak ada tekanan untuk pengembangan jalan tol yang
             2023             Mutiara Nita                                                        agresif untuk dilakukan JSMR. Kondisi pemulihan mobilitas
             May 17,                                                                              yang signifikan mempengaruhi peningkatan pendapatan tol
             2023                                                                                 yang telah jauh melebihi kondisi sebelum pandemi COVID-19.
                                                                                                  Diekspektasikan pendapatan tol JSMR akan meningkat 8.5-
                                                                                                  13% YoY in FY23-24F. Konektivitas menjadi salah satu kunci
                                                                                                  dan sebagai pemimpin di industri jalan tol, JSMR pantas
                                                                                                  diperdagangkan secara premium dibandingkan infrastruktur
                                                                                                  lainnya. Valuasi saat ini di Rp57,5 miliar EV/km membuatnya
                                                                                                  menarik dibandingkan dengan biaya pembangunan jalan
                                                                                                  tol baru yang sangat tinggi mencapai Rp200-300 miliar/km.
                                                                                                  Secara historis, ketika kondisi nerasa telah membaik dengan
                                                                                                  banyaknya jaln tol yang telah mature, JSMR dinilai tinggi
                                                                                                  pada ~15-16x EV/EBITDA pada puncaknya, sementara saat ini
                                                                                                  diperdagangkan pada 7,3-6,5x FY23-24F EV/EBITDA.
                                                                                                  There is no longer any pressure for JSMR to undertake
                                                                                                  aggressive toll road development. Significant mobility
                                                                                                  recovery conditions have influenced the increase in toll
                                                                                                  revenue which has far exceeded conditions before the
                                                                                                  COVID-19 pandemic. It is expected that JSMR's toll revenue
                                                                                                  will increase 8.5-13% YoY in FY23-24F. Connectivity is one
                                                                                                  of the keys and as leader in the toll road industry, JSMR
                                                                                                  deserves to be traded at a premium compared to other
                                                                                                  infrastructure. Current valuation of Rp57.5 billion EV/km
                                                                                                  makes it attractive compared to the very high cost of building
                                                                                                  a new toll road of Rp200-300 billion/km. Historically, when
                                                                                                  conditions have improved with many mature toll roads, JSMR
                                                                                                  was highly valued at ~15-16x EV/EBITDA at its peak, while
                                                                                                  currently trading at 7.3-6.5x FY23-24F EV/EBITDA.




28       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 29
                                                                Ikhtisar Kinerja Utama
                                                                Main Performance Highlights




                                    Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                         Table of Analyst Report Results for the Company in 2023



No    Tanggal     Sekuritas – Analis    Rekomendasi   Target Harga (Rp)                                        Ringkasan
       Date       Security – Analyst   Recommendation Target Price (Rp)                                        Summary

6    22 Mei       CLSA - Jonathan           Buy                4.600               Jalan tol Jasa Marga memiliki prospek yang baik karena
     2023         Mardjuki                                                         berlokasi di Jabodetabek dan Trans Jawa. Dengan beralihnya
     May 22,                                                                       perhatian investor ke kisah 'kembalinya' perusahaan kecil dan
     2023                                                                          menengah yang menarik, capping stock, kami yakin operator
                                                                                   jalan tol Jasa Marga adalah salah satunya. Bisnis jalan tol
                                                                                   telah kembali dengan kinerja jauh di atas sebelum terjadinya
                                                                                   COVID-19 yang didorong oleh peningkatan pendapatan dari
                                                                                   jalan tol di Jabodetabek serta adanya konektivitas di Jakarta
                                                                                   Outer Ring Road (JORR) 2. Demikian pula, pertumbuhan
                                                                                   yang stabil pada jalan tol di Trans Jawa sebagai jalan tol
                                                                                   yang terintegrasi dari barat ke timur pulau jawa, mulai dari
                                                                                   Jakarta hingga Surabaya menjadi menarik bagi investor. Kami
                                                                                   memandang Jasa Marga sebagai perwakilan terbaik dari tema
                                                                                   infrastruktur Indonesia.
                                                                                   Jasa Marga toll road has good prospects because it is located
                                                                                   in Jabodetabek and Trans Java. As investors' attention shifts
                                                                                   to the 'comeback' story of attractive small and medium-sized
                                                                                   companies, capping stocks, we believe toll road operator Jasa
                                                                                   Marga is one of them. Toll road business has returned with
                                                                                   performance well above before COVID-19, driven by increased
                                                                                   revenue from toll roads in Jabodetabek and connectivity on
                                                                                   the Jakarta Outer Ring Road (JORR) 2. Likewise, stable growth
                                                                                   on toll roads in Trans Java as an integrated toll road from
                                                                                   west to east of the island of Java, from Jakarta to Surabaya,
                                                                                   it is attractive for investors. We view Jasa Marga as the best
                                                                                   representative of Indonesia's infrastructure theme.
7    28 Agustus   UBS - Joshua              Buy                5.000               Laba bersih Jasa Marga sebesar Rp1,15tn (+56%) mencapai
     2023         Tanja                                                            53% dari perkiraan konsensus FY23. Hasil JSMR sangat baik
     August 28,                                                                    karena tarif pajak yang lebih rendah, beban bunga yang lebih
     2023                                                                          rendah, dan pendapatan Joint Venture yang lebih tinggi
                                                                                   QoQ. Pada kuartal tersebut, lalu lintas tumbuh sebesar 3%
                                                                                   YoY. Namun, pendapatan hanya tumbuh sebesar 4,9% YoY
                                                                                   karena dekonsolidasi jalan tol layang Jakarta-Cikampek pada
                                                                                   Q422. Jika tidak termasuk ini, pendapatan tol tumbuh sebesar
                                                                                   12% YoY. Manajemen berfokus pada penyertaan modal
                                                                                   melalui skema kerja sama dengan investor staretegis di PT
                                                                                   Jasamarga Transjawa Tol (JTT) dengan rencana penyelesaian
                                                                                   pada akhir tahun 2023. Namun, manajemen juga mengatakan
                                                                                   bahwa kesepakatan tersebut mungkin akan ditutup pada
                                                                                   awal tahun 2024 karena pertimbangannya ukuran besar.
                                                                                   Kami memperoleh target harga kami dengan menggunakan
                                                                                   DCF dan WACC sebesar 9,1%. Masih terlihat menarik
                                                                                   diperdagangkan pada PB 1,1x. Kami mencatat peningkatan
                                                                                   kepemilikan asing atas nama tersebut dalam enam bulan
                                                                                   terakhir.
                                                                                   Jasa Marga's net profit of Rp1.15tn (+56%) reached 53%
                                                                                   of the FY23 consensus estimate. JSMR's results were
                                                                                   excellent due to lower tax rates, lower interest expenses
                                                                                   and higher JV income in QoQ. In the quarter, traffic grew by
                                                                                   3% YoY. However, revenue only grew by 4.9% YoY due to
                                                                                   deconsolidation of the Jakarta-Cikampek elevated toll road in
                                                                                   Q422. Excluding this, toll revenue grew 12% YoY. Management
                                                                                   is focusing on capital participation through cooperation
                                                                                   scheme with strategic investors in PT Jasamarga Transjawa
                                                                                   Tol (JTT) with completion plan at the end of 2023. However,
                                                                                   management also said that the deal will probably close in
                                                                                   early 2024 due to its large size consideration. We derived our
                                                                                   price target using DCF and WACC of 9.1%. Still looks attractive
                                                                                   trading at PB 1.1x. We note an increase in foreign ownership of
                                                                                   the name in the last six months.




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    29
Page 30
                                                   Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                                              Table of Analyst Report Results for the Company in 2023



     No        Tanggal         Sekuritas – Analis       Rekomendasi   Target Harga (Rp)                                     Ringkasan
                Date           Security – Analyst      Recommendation Target Price (Rp)                                     Summary

     8       29 Agustus       BNI Sekuritas -                    Buy                5.900         Pada 3Q2023 diperkirakan biaya sudah kembali normal.
             2023             Aurelia Barus                                                       Pada 6M23, JSMR mencatatakan EBITDA yaitu Rp4,1 triliun
             August 29,                                                                           (-6% YoY), dengan 2Q23 EBITDA sebesar Rp2 triliun (-10%
             2023                                                                                 QoQ). Penurunan ini disebabkan dari peningkatan atas
                                                                                                  beban pajak dan beban HPP, operasi, dan pemeliharaan
                                                                                                  serta divestasi jalan tol Jakarta Jalanlayang Cikampek (JJC)
                                                                                                  pada 2022. Peningkatan atas beban pajak disebabkan
                                                                                                  oleh percepatan pembayaran pajak bumi dan bangunan
                                                                                                  (PBB) agar mendapatkan diskon dari Pemerintah Daerah.
                                                                                                  JSMR mengharapkan adanya penyesuaian tarif yang
                                                                                                  melebihi tarif normal (>20%) pada beberapa ruas jalan tol.
                                                                                                  JSMR pada akhir Juli 2023 melalui anak perusahaannya
                                                                                                  PT Jasamarga Transjawa Tol (JTT), membeli kembali Reksa
                                                                                                  Dana Penyertaan Terbatas Mandiri Infrastruktur Ekuitas
                                                                                                  Transjawa (RDPT MIET). Kami melakukan penyesuaian
                                                                                                  terhadap proyeksi EBITDA untuk FY23-25F by 11%-39% yang
                                                                                                  direfleksikan dari konsolidasi kembali JSN, JNK, and JSB.
                                                                                                  Risiko penurunan utama meliputi perubahan peraturan yang
                                                                                                  tidak menguntungkan dan penyesuaian tarif dan volume yang
                                                                                                  berada di bawah ekspektasi.
                                                                                                  In Q3-2023 it is estimated that costs will return to normal. In
                                                                                                  6M23, JSMR recorded EBITDA of Rp4.1 trillion (-6% YoY), with
                                                                                                  2Q23 EBITDA of Rp2 trillion (-10% QoQ). This decrease was
                                                                                                  caused by an increase in tax burdens and HPP expenses,
                                                                                                  operations and maintenance as well as divestment of the
                                                                                                  Jakarta Jalanlayang Cikampek (JJC) toll road in 2022. The
                                                                                                  increase in tax burden was caused by the acceleration of land
                                                                                                  and building tax (PBB) payments in order to get discounts
                                                                                                  from the Regional Government. JSMR hopes that there will
                                                                                                  be tariff adjustments that exceed the normal tariff (>20%)
                                                                                                  on several toll road sections. JSMR at the end of July 2023,
                                                                                                  through its subsidiary PT Jasamarga Transjawa Tol (JTT),
                                                                                                  bought back the Limited Participation Mutual Fund of Mandiri
                                                                                                  Infrastruktur Ekuitas Transjawa (RDPT MIET). We adjusted the
                                                                                                  EBITDA projection for FY23-25F by 11%-39% which is reflected
                                                                                                  by the re-consolidation of JSN, JNK, and JSB. Key downside
                                                                                                  risks include unfavorable regulatory changes and rate
                                                                                                  adjustments and volumes that are below expectations.




30       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 31
                                                               Ikhtisar Kinerja Utama
                                                               Main Performance Highlights




                                   Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                        Table of Analyst Report Results for the Company in 2023



No    Tanggal    Sekuritas – Analis    Rekomendasi   Target Harga (Rp)                                         Ringkasan
       Date      Security – Analyst   Recommendation Target Price (Rp)                                         Summary

 9   05          Bina Artha                Buy                5.460               Pendapatan tol JSMR diproyeksikan tumbuh sebesar 10%
     September   Sekuritas - Eka                                                  pada tahun 2023F. Pada 1H2023, pendapatan operasional
     2023        Rahmawati R                                                      tol konsolidasi JSMR mencapai Rp6,98 triliun, mencerminkan
     September                                                                    pertumbuhan sebesar +4,9% YoY. Pada 2Q2023, pertumbuhan
     05, 2023                                                                     pendapatan terus meningkat sebesar +3,9% atau +6,0% QoQ
                                                                                  salah satunya ditopang oleh volume transaksi tol melonjak
                                                                                  +6,6% YoY pada 1H2023, didorong oleh libur hari raya Idul
                                                                                  Fitri. Selain itu, rencana pembelian kembali saham (share
                                                                                  buyback) untuk jalan tol seperti Semarang–Batang, Solo–
                                                                                  Ngawi, dan Ngawi–Kertosono pada 3Q2023 diperkirakan
                                                                                  akan berkontribusi terhadap pertumbuhan EBITDA JSMR.
                                                                                  Perseroan menargetkan pertumbuhan EBITDA di atas 10%
                                                                                  pada tahun ini. Selama 2Q2023, JSMR mencapai margin
                                                                                  laba bottomline yang lebih tinggi, yang disebabkan oleh
                                                                                  penurunan beban pajak sebesar -19%YoY dan pengurangan
                                                                                  biaya keuangan sebesar -29,7%YoY.
                                                                                  JSMR's toll revenues projected to grow by 10% in 2023F.
                                                                                  In 1H2023, JSMR's consolidated toll operating income
                                                                                  reached Rp6.98 trillion, reflecting growth of +4.9% YoY. In
                                                                                  2Q2023, revenue growth continued to increase by +3.9% or
                                                                                  +6.0% QoQ, one of which was supported by toll transaction
                                                                                  volume soaring +6.6% YoY in 1H2023, driven by the Eid al-Fitr
                                                                                  holiday. In addition, share buyback plan for toll roads such
                                                                                  as Semarang–Batang, Solo–Ngawi, and Ngawi–Kertosono in
                                                                                  3Q2023 is expected to contribute to JSMR's EBITDA growth.
                                                                                  The Company targets EBITDA growth of above 10% this year.
                                                                                  During 2Q2023, JSMR achieved a higher bottomline profit
                                                                                  margin, which was due to a reduction in tax burden of -19%YoY
                                                                                  and a reduction in finance costs of -29.7%YoY.
10   04          CGS CIMB - Bob            Buy                   5.600            JSMR melaporkan laba bersih 3Q23 sebesar Rp4,8
     Desember    Setiadi                                                          triliun (+643% QoQ, +1,673% YoY), sebesar laba bersih
     2023                                                                         9M23 sebesar Rp6 triliun (+493% YoY, 261%/268% dari
     December                                                                     kami/Bloomberg konsensus). Perseroan membukukan
     04, 2023                                                                     keuntungan bersih satu kali sebesar Rp4,1 triliun dari
                                                                                  penyesuaian nilai wajar setelahnya pihaknya membeli
                                                                                  kembali kepemilikannya di 3 ruas tol pada 3Q23 dari
                                                                                  RDPT (penyertaan terbatas reksa dana). Meskipun
                                                                                  demikian, margin EBITDA JSMR dinormalisasi menjadi
                                                                                  65,8% pada 3Q23 (2Q23: 54,7%) karena Perseroan
                                                                                  melakukan front-loading sebagian opex-nya pada 1H23.
                                                                                  Perhitungan laba bersih inti JSMR masih naik sebesar
                                                                                  Rp1,8 triliun di 9M23 (+68% YoY, 82%/81% dari konsensus
                                                                                  kami/Bloomberg).
                                                                                  JSMR reported net profit in 3Q23 amounting to Rp4.8
                                                                                  trillion (+643% QoQ, +1,673% YoY), equal to 9M23 net profit
                                                                                  of Rp6 trillion (+493% yoy, 261%/268% from our/Bloomberg
                                                                                  consensus). The Company posted a one-time net profit of
                                                                                  Rp4.1 trillion from fair value adjustments after it bought back
                                                                                  its ownership in 3 toll roads in 3Q23 from RDPT (limited
                                                                                  participation mutual fund). Nonetheless, JSMR's EBITDA
                                                                                  margin normalized to 65.8% in 3Q23 (2Q23: 54.7%) as the
                                                                                  company front-loaded some of its opex in 1H23. JSMR's core
                                                                                  net profit calculation still rose by Rp1.8 trillion in 9M23 (+68%
                                                                                  YoY, 82%/81% from our consensus/Bloomberg).




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    31
Page 32
                                                    Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                                               Table of Analyst Report Results for the Company in 2023



     No         Tanggal         Sekuritas – Analis       Rekomendasi   Target Harga (Rp)                                     Ringkasan
                 Date           Security – Analyst      Recommendation Target Price (Rp)                                     Summary

     11       05               Ciptadana                          Buy                  5.400       Pada akhir FY23, JSMR diharapkan mengoperasikan
              Desember         Sekuritas Asia                                                      Cinere-Jalan Tol Serpong sepanjang ±3,64 km untuk
              2023             - Muhammad                                                          meningkatkan konektivitas secara signifikan di wilayah
              December         Gibran                                                              Jabodetabek. Selain itu, pasar sangat menantikan katalis
              05, 2023                                                                             besar dari divestasi JTT yang ditargetkan selesai pada
                                                                                                   1H24. Dari sisi belanja modal, JSMR merealisasikan Rp
                                                                                                   3,9 triliun pada 9M23, masih sesuai anggaran kisaran Rp
                                                                                                   8-10 triliun per tahun. Dalam hal Biaya Hutang Rata-Rata
                                                                                                   Tertimbang (WACD), JSMR mempertahankan tingkat
                                                                                                   6,69% ​​pada 23 Oktober (vs. 6,51% pada Desember 22)
                                                                                                   karena peningkatan pinjaman dengan suku bunga tetap.
                                                                                                   Diharapkan dana yang diperoleh dari JTT (berpotensi
                                                                                                   sekitar Rp11-12 triliun) pada FY24F akan dialokasikan untuk
                                                                                                   pembayaran utang, sehingga berpotensi mengurangi
                                                                                                   beban bunga sebesar Rp400 miliar pada FY24F. Perkiraan
                                                                                                   pertumbuhan pendapatan/EBITDA sebesar +15-17% YoY di
                                                                                                   FY24F, didorong oleh beberapa hal faktor: 1) Peningkatan
                                                                                                   lalu lintas karena dampak interkoneksi (pertumbuhan lalu
                                                                                                   lintas sekitar +5- 7%); 2) Margin EBITDA yang diharapkan
                                                                                                   sebesar 63-64%; 3) Dampak penuh penyesuaian tarif
                                                                                                   (+6% YTD); dan 4) JSMR tetap konservatif dengan target
                                                                                                   gearing ratio sebesar 2x, meski bisa jadi lebih rendah jika
                                                                                                   JSMR menyelesaikan proses divestasi JTT.
                                                                                                   At the end of FY23, JSMR is expected to operate the
                                                                                                   Cinere-Serpong Toll Road, approximately 3.64 km long, to
                                                                                                   significantly enhance connectivity in the Jabodetabek region.
                                                                                                   Additionally, the market eagerly anticipates a significant
                                                                                                   catalyst from the divestment of JTT targeted to be completed
                                                                                                   in 1H24. On the capital expenditure front, JSMR realized
                                                                                                   Rp3.9 trillion in 9M23, still within the budgeted range of
                                                                                                   Rp8-10 trillion per year. Concerning the Weighted Average
                                                                                                   Cost of Debt (WACD), JSMR maintained a rate of 6.69% on
                                                                                                   October 23 (vs. 6.51% in December 22) due to increased loans
                                                                                                   with fixed interest rates. It is expected that funds obtained
                                                                                                   from JTT (potentially around Rp11-12 trillion) in FY24F will be
                                                                                                   allocated for debt repayment, potentially reducing interest
                                                                                                   expenses by Rp400 billion in FY24F. The estimated revenue/
                                                                                                   EBITDA growth is +15-17% YoY in FY24F, driven by several
                                                                                                   factors: 1) Increased traffic due to interconnection effects
                                                                                                   (traffic growth around +5-7%); 2) Expected EBITDA margin of
                                                                                                   63-64%; 3) Full impact of tariff adjustments (+6% YTD); and
                                                                                                   4) JSMR remains conservative with a target gearing ratio of
                                                                                                   2x, although it could be lower if JSMR completes the JTT
                                                                                                   divestment process.




32        Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 33
                                                               Ikhtisar Kinerja Utama
                                                               Main Performance Highlights




                                  Tabel Hasil Laporan Analis terhadap Perseroan Tahun 2023
                                        Table of Analyst Report Results for the Company in 2023



No     Tanggal   Sekuritas – Analis    Rekomendasi   Target Harga (Rp)                                       Ringkasan
        Date     Security – Analyst   Recommendation Target Price (Rp)                                       Summary

12   06          Mandiri                   Buy           5.800                    Setelah momentum pendapatan JSMR yang kuat di
     Desember    Sekuritas - Farah                                                3Q23, kami memperkirakan hal ini akan berlanjut di
     2023        Rahmi Oktaviani                                                  2024F, didorong oleh kenaikan tarif yang lebih tinggi
     December                                                                     dari perkiraan, peningkatan EBITDA yang dihasilkan oleh
     06, 2023                                                                     jalan tol baru, dan belanja belanja modal yang terkendali.
                                                                                  Kami meningkatkan perkiraan penghasilan 2024F/25F
                                                                                  kami sebesar 28%/25%, dengan laba inti pada 2022-
                                                                                  25F tumbuh sebesar CAGR 31,2%. Kami masih melihat
                                                                                  pendapatan keuntungan dari potensi divestasi JTT dan
                                                                                  penurunan suku bunga BI. JSMR saat ini diperdagangkan
                                                                                  pada 9,1x 2024F EV/EBITDA, atau sedikit di bawah
                                                                                  rata-rata 5 tahunnya. Risiko negatif dari keputusan kami
                                                                                  adalah 1) lebih tinggi dari perkiraan belanja modal; 2)
                                                                                  keterlambatan tarif penyesuaian; dan 3) lalu lintas yang
                                                                                  lebih rendah dari perkiraan pertumbuhan.
                                                                                  After JSMR's strong revenues momentum in 3Q23, we
                                                                                  expect this to continue in 2024F, driven by higher-than-
                                                                                  expected fare increases, increased EBITDA generated
                                                                                  by new toll roads, and controlled capex spending. We
                                                                                  increase our 2024F/25F income estimation by 28%/25%,
                                                                                  with core income in 2022-25F grow at a CAGR of
                                                                                  31.2%. We still see profitable income from potential JTT
                                                                                  divestment and decreasing of BI interest rate. JSMR is
                                                                                  currently trading at 9.1x 2024F EV/EBITDA, or slightly
                                                                                  below its 5-year average. The downside risks of our
                                                                                  decision are 1) higher than expected capex; 2) delay
                                                                                  in tariff adjustment; and 3) lower than expected traffic
                                                                                  compared to growth.




Aksi Korporasi
Corporate Action
Selama tahun 2023, Jasa Marga tidak melakukan aksi                 In 2023, Jasa Marga did not execute any corporate
korporasi yang mengakibatkan terjadinya perubahan                  action that may cause any change in stock ratio (stock
rasio pemecahan saham (stock split), penggabungan                  split), reverse stock, shares dividend and bonus shares
saham (reverse stock), pembagian dividen saham dan                 payment, addition and price of shares outstanding or
saham bonus, penambahan jumlah dan harga saham                     change in the Company’s shares par value.
beredar, serta perubahan nilai nominal saham Perseroan.



Informasi Penghentian Sementara
Perdagangan Saham (Suspension) dan/atau
Penghapusan Pencatatan Saham (Delisting)
Information on Stocks Suspension and/or Delisting

Sampai dengan Desember 2023, PT Jasa Marga                           As of December 2023, PT Jasa Marga (Persero) Tbk. has
(Persero) Tbk tidak pernah dikenakan sanksi penghentian              never been charged by any stocks suspension and/or
sementara perdagangan saham (suspension) dan/atau                    delisting.
penghapusan pencatatan saham (delisting).




                                                                                               Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  33
Page 34
    Informasi Obligasi, Sukuk, dan/atau Obligasi
    Konversi Serta Pendanaan Lainnya
    Information on Bonds, Sukuk and/or Converted Bonds and other
    Financing


    Informasi Obligasi
    Information on Bonds
                                                  Tabel Obligasi PT Jasa Marga (Persero) Tbk Tahun 2023
                                                        Table of Bonds of PT Jasa Marga (Persero) Tbk in 2023



                                                                       Jumlah                                                        Peringkat
                                                                       Obligasi/                  Tingkat                             Rating
                            Tanggal          Tenor                      Sukuk        Tanggal        Suku
                                                             Mata                                                  Status                              Wali
         Uraian           Penerbitan        (tahun)                      ( juta)   Jatuh Tempo     Bunga
No                                                           Uang                                                Pembayaran                          Amanat
       Description         Inssuance         Tenor                        Total       Maturity       (%)
                                                            Currency                                            Payment Status    2023      2022     Trustee
                              Date           (year)                     Bonds/         Date       Interest
                                                                        Sukuk                     Rate(%)
                                                                       (million)
1     Obligasi I        8 November         Seri A: 3          Rp       Seri A:     Seri A:       Seri A:        Seri A-B/        idAAA     idAAA     PT Bank
      Marga Lingkar     2017               Seri B: 5                   200.000     8 November    7,45%          A-B Series:      (sf)      (sf)      Mega
      Jakarta Tahun     November 8,        Seri C: 7                   Seri B:     2020          Seri B:        Lunas            oleh/by   oleh/by   Tbk
      2017              2017               Seri D: 10                  217.000     Seri B:       7,75%          (Paid Off)       Pefindo   Pefindo
      Bonds I                              Seri E: 12                  Seri C:     8 November    Seri C:
      Marga Lingkar                                                    299.000     2022          8,30%          Seri C-E/
      Jakarta Year                         Series                      Seri D:     Seri C:       Seri D:        C-E Series:
      2017                                 A: 3                        320.000     8 November    8,70%          Belum Lunas
                                           Series                      Seri E:     2024          Seri E:        (Not Paid Off)
                                           B: 5                        464.000     Seri D:       8,85%
                                           Series                                  8 November
                                           C: 7                        Series A:   2027          Series A:
                                           Series                      200,000     Seri E:       7.45%
                                           D: 10                       Series B:   8 November    Series B:
                                           Series                      217,000     2029          7.75%
                                           E: 12                       Series C:                 Series C:
                                                                       299,000                   8.30%
                                                                       Series D:                 Series D:
                                                                       320,000                   8.70%
                                                                       Series E:                 Series E:
                                                                       464,000                   8.85%

2     Obligasi          8 September        Seri A: 3          Rp       Seri A:     Seri A:       Seri A:        Seri A/          idAA      idAA      PT Bank
      Berkelanjutan     2020               Seri B: 5                   1.100.350   8 September   7,90%          A Series:        oleh/by   oleh/by   Mega
      II Jasa Marga     September 8,       Seri C: 7                   Seri B:     2023          Seri B:        Lunas            Pefindo   Pefindo   Tbk
      Tahap I Tahun     2020               Seri D: 10                  286.000     Seri B:       8,25%          (Paid Off)
      2020                                                             Seri C:     8 September   Seri C:
      Shelf-                               Series                      90.050      2025          8,60%          Seri B-D/
      Registration                         A: 3                        Seri D:     Seri C:       Seri D:        B-D Series:
      Bonds II Jasa                        Series                      523.600     8 September   9,00%          Belum Lunas
      Marga Phase I                        B: 5                                    2027                         (Not Paid Off)
      Year 2020                            Series                      Series A:   Seri D:       Series A:
                                           C: 7                        1,100,350   8 September   7.90%
                                           Series                      Series B:   2030          Series B:
                                           D: 10                       286,000                   8.25%
                                                                       Series C:                 Series C:
                                                                       90,050                    8.60%
                                                                       Series D:                 Series D:
                                                                       523,600                   9.00%




    Informasi Sukuk                                                                 Information on Sukuk

    Pada tahun 2019, Perseroan melalui PT Jasamarga                                 In 2019, through PT Jasamarga Pandaan Tol (JPT) as a
    Pandaan Tol (JPT) yang merupakan entitas Ventura                                Joint Venture Entity, the Company issued Medium-term
    Bersama menerbitkan Sukuk Ijarah Jangka Menengah,                               Ijarah Sukuk, with detail information, as follows:
    dengan rincian sebagai berikut:




34     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 35
                                                                         Ikhtisar Kinerja Utama
                                                                         Main Performance Highlights




                                                 Tabel Sukuk PT Jasa Marga (Persero) Tbk Tahun 2023
                                                    Table of Sukuk of PT Jasa Marga (Persero) Tbk in 2023



                                                                Jumlah                                                                     Peringkat
                                                                Obligasi/                                                                   Rating
                                                                                Tanggal             Tingkat
                         Tanggal          Tenor                  Sukuk                                                Status
                                                      Mata                        Jatuh               Suku                                                          Wali
         Uraian        Penerbitan        (tahun)                  ( juta)                                          Pembayaran           2023        2022
                                                      Uang                       Tempo             Bunga (%)                                                      Amanat
 No    Description      Inssuance         Tenor                    Total                                             Payment
                                                     Currency                   Maturity            Interest                                                      Trustee
                           Date           (year)                 Bonds/                                               Status
                                                                                  Date              Rate(%)
                                                                 Sukuk
                                                                (million)
  1   Sukuk Ijarah     19 Juli 2019    Seri A/      Rp          Seri A/        Seri A/            Seri A/         Seri A/              2023:      2022:       PT Bank
      Jangka           July 19,        Series                   Series A:      Series             Series A:       Series A:            idAA-      idAA-       Mega Tbk
      Menengah PT      2019            A: 3                     100.000        A: 17 Juli         8,50%           Lunas                (sy)       (sy)
      Jasamarga                                                                2022                               (Paid Off)           oleh/by    oleh/by
      Pandaan Tol                      Seri B/                  Seri B/        July 17,           Seri B/                              Pefindo    Pefindo
      Tahun 2019                       Series                   Series B:      2022               B Series:       Seri B/
      Medium-Term                      B: 5                     685.000                           9,00%           Series B:
      Ijarah Sukuk                                                             Seri B/                            Belum
      PT Jasamarga                                                             Series                             Lunas
      Pandaan Tol                                                              B: 17 Juli                         (Not
      Year 2019                                                                2024                               Paid Off)
                                                                               July 17,
                                                                               2024



Informasi Obligasi Konversi                                                  Information on Converted Bonds
Sampai dengan Desember 2023, Jasa Marga tidak                                Until December 2023, Jasa Marga has not issued any
menerbitkan obligasi konversi. Dengan demikian,                              convertible bonds. Therefore, the company does not
Perseroan tidak memiliki informasi mengenai obligasi                         have information regarding convertible bonds.
konversi.



Informasi Sumber Pendanaan Lainnya
Information on Other Sources of Financing
                            Tabel Sumber Pendanaan Lainnya PT Jasa Marga (Persero) Tbk Tahun 2023
                                      Table of Other Funding Sources of PT Jasa Marga (Persero) Tbk in 2023



                                          Tahun        Tenor
                                                                                  Nilai ( juta)
                Uraian                    Terbit      (tahun)   Mata Uang                                Tujuan Penerbitan                  Keterangan
 No                                                                                  Value
              Description               Issuance        Term     Currency                                Purpose of Issuance                Description
                                                                                   (milion)
                                           Year        (Year)
  1   Reksa Dana Penyertaan               2018           -          Rp            1.970.000            Memperbaiki struktur        Pada Juli 2023, telah
      Terbatas Mandiri                                                                                 pemodalan serta             dilakukan pembelian
      Infrastruktur                                                                                    menjaga rasio-rasio         kembali atas seluruh
      Ekuitas Transjawa (RDPT                                                                          keuangan Perseroan.         unit penyertaan RDPT
      MIET)                                                                                            Improving capital           MIET oleh PT Jasamarga
      Mandiri Infrastuktur                                                                             structure and               Transjawa Tol.
      Ekuitas Transjawa Limited                                                                        maintaining the             In July 2023, all RDPT
      Participation Mutual Fund                                                                        Company's financial         MIET investment units
      (RDPT MIET)                                                                                      ratios.                     were repurchased
                                                                                                                                   through PT Jasamarga
                                                                                                                                   Transjawa Tol.
 2    Kontrak Investasi Kolektif          2019           -          Rp            1.303.400            Memperbaiki struktur        -
      Dana Investasi Infrastruktur                                                                     pemodalan serta
      (KIK-DINFRA) Toll Road                                                                           menjaga rasio-rasio
      Mandiri 001                                                                                      keuangan Perseroan.
      Infrastructure Investment                                                                        Improving capital
      Fund Collective Investment                                                                       structure and
      Contract (KIK-DINFRA) Toll                                                                       maintaining the
      Road Mandiri 001                                                                                 Company's financial
                                                                                                       ratios.



Pada tahun 2023, Jasa Marga tidak menerbitkan                                In 2023, the Company did not issue other funding
instrumen pendanaan lainnya.                                                 instruments.




                                                                                                               Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                   35
Page 36
36   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 37
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 37
Page 38
38   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 39
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 39
Page 40
40   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 41
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 41
Page 42
42   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 43
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 43
Page 44
44   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 45
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 45
Page 46
46   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 47
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 47
Page 48
48   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 49
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 49
Page 50
50   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 51
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 51
Page 52
52   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 53
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 53
Page 54
54   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 55
Ikhtisar Kinerja Utama
Main Performance Highlights




                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                 55
Page 56

          
Page 57

          
Page 58

          
Page 59

          
Page 60

          
Page 61

          
Page 62

          
Page 63

          
Page 64

          
Page 65

          
Page 66

          
Page 67

          
Page 68

          
Page 69

          
Page 70

          
Page 71

          
Page 72

          
Page 73

          
Page 74

          
Page 75

          
Page 76

          
Page 77

          
Page 78

          
Page 79

          
Page 80

          
Page 81

          
Page 82

          
Page 83

          
Page 84

          
Page 85

          
Page 86
86   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 87
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       87
Page 88
88   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 89
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       89
Page 90
90   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 91
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       91
Page 92
92   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 93
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       93
Page 94
94   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 95
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       95
Page 96
96   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 97
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       97
Page 98
98   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 99
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       99
Page 100
100   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 101
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       101
Page 102
102   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 103
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       103
Page 104
104   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 105
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       105
Page 106
  Review Visi dan Misi Perseroan                              Review on Company’s Vision and
                                                              Mission

  Perseroan melibatkan seluruh pihak terkait yakni Dewan      The Company involving all related parties, namely
  Komisaris, Direksi, Karyawan, serta memperhatikan           the Board of Commissioners, the Board of Directors,
  kepentingan dari para pemangku kepentingan serta            Employees, and pays attention to the interests of
  dinamika bisnis dalam merumuskan Visi, Misi, dan Tata       stakeholders and business dynamics in formulating its
  Nilai.                                                      Vision, Mission and Values.

  Visi dan Misi Jasa Marga tidak mengalami perubahan          Vision and Mission of Jasa Marga did not change in
  di tahun 2023. Pengkajian atas kesesuaian Visi dan          2023. Relevancy assessment of the Company's Vision
  Misi Perseroan terhadap tantangan dan rencana               and Mission to the Company's future challenges and
  pengembangan usaha Perseroan ke depan dilakukan             business development plans is conducted periodically.
  secara berkala.

  Berdasarkan hasil kajian tersebut, Manajemen menilai,       Based on results of the study, Management assess
  bahwa Visi dan Misi Perseroan yang ada saat ini masih       that the Company's current Vision and Mission are still
  relevan. Hal ini juga telah mendapat persetujuan dari       relevant. This has also received approval from the Board
  Dewan Komisaris.                                            of Commissioners.



  Budaya Perseroan                                            Company’s Culture

  Jasa Marga menerapkan tata nilai AKHLAK (Amanah,            Jasa Marga applies AKHLAK values (Trustworthy,
  Kompeten, Harmonis, Loyal, Adaptif dan Kolaboratif)         Competent, Harmonious, Loyal, Adaptive and
  sebagai landasan dalam berperilaku bagi seluruh             Collaborative) as the basis for behavior for all
  karyawan yang bekerja di lingkungan Jasa Marga.             employees within Jasa Marga. As one of the SOEs, this
  Sebagai salah satu BUMN, penerapan tersebut telah           implementation is in accordance with Circular Letter of
  sesuai dengan Surat Edaran Menteri BUMN No. SE-7/           the Minister of SOEs No. SE-7/MBU/07/2020 dated July
  MBU/07/2020 tanggal 1 Juli 2020 tentang Nilai-Nilai         1, 2020 on Core Values of SOEs personnel.
  Utama (Core Values) Sumber Daya Manusia BUMN.

  Jasa Marga telah mengimplementasikan tata nilai             Jasa Marga has implemented AKHLAK values in both the
  AKHLAK baik di lingkungan induk maupun anak                 parent and subsidiary companies, hence the Company
  perusahaan, sehingga Perseroan memiliki budaya              has work culture that can increase the Company's value
  kerja yang dapat meningkatkan nilai Perseroan dan           and strengthen its competitiveness.
  memperkuat daya saingnya.

  Perubahan atas tata nilai Perseroan dari semula APIC        Changes to the Company's values from APIC (Agility,
  (Agility, Professionalism, Integrity dan Customer Focus)    Professionalism, Integrity and Customer Focus) to
  menjadi AKHLAK tertuang dalam Surat Keputusan               AKHLAK are stated in the Decision of the Board of
  Direksi No. 58/KPTS/2020 tanggal 29 Juli 2020 tentang       Directors No. 58/KPTS/2020 dated July 29, 2020 on
  Tata Nilai Perusahaan. Penerapan tata nilai AKHLAK          Company Values. The implementation of AKHLAK
  dilakukan melalui 4 (empat) proses tahapan untuk            values is carried out through 4 (four) stage process
  transformasi Budaya Perseroan yaitu tahap Awareness         for the transformation of Company Culture, namely
  (Sosialisasi), tahap Understanding (Internalisasi), tahap   the Awareness (Socialization) stage, Understanding
  Acceptance (Penerimaan) dan tahap Commitment                (Internalization) stage, Acceptance (Approval) stage and
  (Penguatan) yang dilakukan secara konsisten. Tata Nilai     Commitment (Strengthening) stage which is implemented
  AKHLAK terdiri dari 6 core values dan 18 perilaku utama,    consistently. AKHLAK Values system consists of 6 core
  sebagaimana dijelaskan sebagai berikut:                     values and 18 main behaviors, as explained below:




106   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 107
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       107
Page 108
  Perseroan telah melakukan internalisasi Tata Nilai            The Company has internalized AKHLAK Values with
  AKHLAK dengan tahapan awareness (sosialisasi),                Awareness       (Socialization)  stage,  Understanding
  tahap understanding (internalisasi), tahap acceptance         (Internalization) stage, Acceptance (Approval) stage and
  (penerimaan), dan tahap commitment (penguatan) kepada         Commitment (Strengthening) stage for all Jasa Marga
  seluruh Roadster Jasa Marga Group sesuai dengan Surat         Group Roadsters in accordance with the Decision of the
  Keputusan Direksi, yaitu No. 64/KPTS/2020 tanggal             Board of Directors, namely No. 64/KPTS/2020 dated
  14 Agustus 2020. Perseroan juga telah membentuk               August 14, 2020. The Company has also formed AKHLAK
  Tim Change Agent (Commander) Tata Nilai AKHLAK di             Values Change Agent (Commander) Team within Jasa
  lingkungan Jasa Marga Group yang dipimpin oleh Direktur       Marga Group led by the Director of Human Capital &
  Human Capital & Transformasi.                                 Transformation.

  Tahap awareness dan tahap understanding sebagai               Awareness        (Socialization)      and       Understanding
  rangkaian proses transformasi budaya telah dilakukan di       (Internalization) phases as a series of cultural
  tahun 2020. Mengingat di tahun tersebut masih dalam situasi   transformation processes were done in 2020. Considering
  pandemi COVID-19, maka sebagian besar kegiatan pada           that this year we were still in a COVID-19 pandemic
  tahap understanding dilakukan melalui media elektronik.       situation, most of the activities in socialization phase were
  Dalam tahap understanding, Perseroan membentuk 240            done through electronic media. In the internalization
  orang Change Agent yang disebut Commander AKHLAK              phase, the Company formed 240 Change Agents called
  yang tersebar di seluruh Jasa Marga Group, baik di level      AKHLAK Commanders who were spread throughout Jasa
  Asset Owner, Asset Manager, maupun di Service Provider        Marga Group, both at the Asset Owner, Asset Manager
  agar internalisasi berjalan lebih efektif. Change Agent       and Service Provider levels so that internalization could
  tersebut menerima berbagai pelatihan dan workshop             run more effectively. These Change Agents received
  sekaligus mengimplementasikannya di unit kerja masing-        various training and workshops and implemented them in
  masing. Penerapan tersebut dilakukan melalui pembuatan        their respective work units. The implementation, among
  video afirmasi AKHLAK, mapping perilaku AKHLAK di             others, were making AKHLAK affirmation videos, mapping
  Unit Kerja masing-masing, lalu membuat program budaya         AKHLAK behavior in each Work Unit, then creating an
  AKHLAK di Unit Kerja masing-masing, serta melakukan           AKHLAK culture program in each Work Unit, as well as
  pengukuran Indeks Maturitas Budaya berbasis metode Net        measuring Cultural Maturity Index based on the Net
  Promoter Score (NPS) di setiap Unit Kerja.                    Promoter Score (NPS) method in each Work Unit.

  Selanjutnya di tahun 2021, Perseroan menjalankan tahapan      Furthermore, in 2021, the Company was implemented
  penerimaan/acceptance dari proses transformasi budaya         the Acceptance stage of the company culture
  Perseroan. Pada tahap ini, Jasa Marga menyelenggarakan        transformation process. At this stage, Jasa Marga held
  10 (sepuluh) series Commander Talk Series atau CTS            10 (ten) series of Commander Talk Series or CTS to
  untuk memperdalam penerapan budaya AKHLAK dari                deepen the implementation of AKHLAK culture from
  Pembahasan Target NPS, Video Testimoni AKHLAK                 NPS Target Discussions, AKHLAK Leaders Testimonial
  Leaders, Kisah-kisah Kepahlawanan hingga Pembuatan            Videos, Heroic Stories to Creating Cultural Programs
  Program Budaya di Unit Kerja masing-masing. Kegiatan          in their respective Work Units. In the acceptance stage
  tahapan penerimaan/acceptance, Jasa Marga Group juga          activities, Jasa Marga Group also socialized AKHLAK
  melakukan sosialisasi budaya AKHLAK kepada Vendor dan         culture to Vendors and Work Partners in their respective
  Mitra Kerja di lingkungan kerja masing-masing. Pada tahapan   work environments. In the final stage in 2021, Jasa
  yang terakhir di tahun 2021, Jasa Marga membangun             Marga was asserted Commitment traits to all Jasa Marga
  penguatan/commitment kepada seluruh Roadster Jasa             Group Roadsters by held 10 (ten) series of activities
  Marga Group dengan cara menyelenggarakan 10 (sepuluh)         called Commander Commitment Journey (CCJ). In the
  series kegiatan yang dinamakan Commander Commitment           strengthening/Commitment process, Jasa Marga is also
  Journey (CCJ). Dalam proses penguatan/commitment Jasa         required to create a Commitment Pact in all its respective
  Marga diwajibkan juga membuat Pakta Komitmen di seluruh       Work Units as a form of joint commitment in AKHLAK
  Unit Kerja masing-masing sebagai bentuk komitmen              culture implementation.
  bersama dalam mengimplementasikan budaya AKHLAK.

  Penguatan tata nilai AKHLAK terus dilanjutnya di tahun        The AKHLAK values was continued to be strengthened
  2022 melalui beragam kegiatan seperti penyelenggaraan         throughout 2022 by various means of activities, including
  12 (dua belas) series AKHLAK for Impactful Change (AIC)       12 (twelve) AKHLAK for Impactful Change (AIC) Series to
  untuk memperdalam penerapan budaya AKHLAK mulai               extend the implementation of AKHLAK culture starting
  dari Impact of AKHLAK to Human Capital & Transformation       from, Impact of AKHLAK to Human Capital & Transformation
  Performance, Impact of AKHLAK for Operation                   Performance, Impact of AKHLAK for Operation
  Performance, Impact of AKHLAK to Finance Performance,         Performance, Impact of AKHLAK on Finance Performance,
  The Impact of AKHLAK Business Efectiveness, The Impact        The Impact of AKHLAK Business Effectiveness, The Impact
  of AKHLAK to Service Performance, Impact of AKHLAK for        of AKHLAK to Service Performance, Impact of AKHLAK for


108   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 109
                                                                      Profil Perusahaan
                                                                      Company Profile




Business Development Performance, Impact of AKHLAK           Business Development Performance, Impact of AKHLAK
for Business Performance, Impact of AKHLAK to Related        for Business Performance, Impact of AKHLAK to Related
Business Performance, Impact of AKHLAK to Maintenance        Business Performance, Impact of AKHLAK to Maintenance
Performance, The Impact of AKHLAK on Achievement             Performance, Impact of AKHLAK on Achievement at Jasa
at Jasa Marga, Impact of AKHLAK in Corporate Culture,        Marga, Impact of AKHLAK in Corporate Culture, to Impact
hingga Impact of AKHLAK on Business Acceleration. Selain     of AKHLAK on Business Acceleration. Apart from that,
itu Jasa Marga juga menyelenggarakan 3 (tiga) series Town    Jasa Marga also held 3 (three) Town Hall Meeting Series
Hall Meeting atau THM untuk sarana forum leaders mulai       (THM) as a forum leaders medium starting from, Leading
dari Leading Impactful Change, Be a Better Version of You,   Impactful Change, Be a Better Version of you, Goodbye
Goodbye Yesterday, Hello Tomorrow hingga Sumpah Jaga         Yesterday, Hello Tomorrow, to Sumpah Jaga AKHLAK
AKHLAK dengan menghadirkan beberapa narasumber               with a few presented witnesses. Consequently, Jasa
Selanjutnya, Jasa Marga tetap menyelenggarakan kegiatan      Marga kept on doing AKHLAK Realignment activities as
AKHLAK Realignment sebagai penguatan budaya untuk            a mean to strengthen the culture towards Commitment
tahap Commitment. Program AKHLAK Realignment                 step. AKHLAK Realignment program was aimed to realign
bertujuan untuk menyelaraskan kembali implementasi           the AKHLAK culture implementation in the Company.
budaya AKHLAK di Perseroan. Implementasi ini dilakukan       This implementation was done in December 2022 on
pada bulan Desember tahun 2022 pada ruas Balikpapan-         the Balikpapan-Samarinda toll road (PT JMTM on JBS toll
Samarinda (PT JMTM ruas JBS, PT JBS, PT JMTO ruas JBS,       road, PT JBS, PT JMTO on JBS toll road, and JMRB Region
dan JMRB Wil. VII), ruas Bali - Mandara, ruas Purbaleunyi    VII), Bali - Madura toll road, Purbaleunyi toll road (PT JMRB
(PT JMRB Wilayah II, PT JMTM ruas Purbaleunyi 1, PT JMTO     Region II, PT JMTM Purbaleunyi 1 toll road, PT JMTO on
ruas Purbaleunyi, dan RO3 RMT), ruas Palimanan-Kanci (PT     Purbaleunyi toll road, and RO3 RMT), Palimanan-Kanci
JMTM ruas Palikanci & PT JMTO ruas Palikanci) dan daerah     toll road (PT JMTM on Palikanci toll road and PT JMTO
Sumatera (PT JMTO area Medan-Binjai, PT JMTO area            on Palikanci toll road), and Sumatera region (PT JMTO
Belmera, PT JMTM area Belmera, PT JMRB Wilayah VI, PT        Medan-Binjai area, PT JMTO Belmera area, PT JMTM
JMTO area Medan-Kualanamu-Tebing Tinggi, PT JKT & RO1        Belmera area, PT JMRB Region VI, PT JMTO Medan-
RNT).                                                        Kualanamu-Tebing Tinggi area, PT JKT, and RO1 RNT).

Pada tahun 2023, di bulan Januari sampai dengan              In January to March 2023, Jasa Marga Group kept on
Maret 2023, Jasa Marga Group tetap melanjutkan               doing AKHLAK Realignment program on the first section
penyelenggaraan program AKHLAK Realignment pada ruas         of Jabodetabek toll road (JMT, PT JMTM Headquarters,
Jabotabek bagian pertama (JMT, Kantor Pusat PT JMTM &        and RNT), first section of Central Java (PT JMTM Semarang
RNT), daerah Jawa Tengah bagian pertama (PT JMTM area        area), Jakarta-Cikampek toll road (PT JTT, PT JJC, and RO1
Semarang), ruas Jakarta-Cikampek (PT JTT, PT JJC dan         PT JTT), second section Central Java (PT JMTO Solo-Ngawi
RO1 PT JTT), dan daerah Jawa Tengah bagian kedua (PT         area, PT JMTM Ngawi-Kertosono area, PT JMRB Region
JMTO area Solo-Ngawi, PT JMTO area Ngawi-Kertosono,          IV, PT Jasamarga Solo Ngawim PT Jasamarga Jogja
PT JMTM area Solo-Ngawi, PT JMTM area Ngawi-                 Bawen, PT Jogjasolo Marga Makmur, and PT Jasamarga
Kertosono, PT JMRB Wil. IV, PT Jasamarga Solo Ngawi,         Ngawi Kertosono Kediri), second section of Jabodetabek
PT Jasamarga Jogja Bawen, PT Jogjasolo Marga Makmur          toll road (PT Jasamarga on Jakarta-Tangerang toll road,
& PT Jasamarga Ngawi Kertosono Kediri), ruas Jabotabek       PT Jasamarga, PT Jasamarga Cibitung-Cilincing, PT JMTO
bagian kedua (PT Jasamarga ruas Jakarta-Tangerang, PT        on Cibitung-Cilincing toll road, PT JMTO on BORR toll
Jasamarga PT Jasamarga Cibitung-Cilincing, PT JMTO           road, PT JMTO on Bogor-Ciawi-Sukabumi toll road, PT
ruas Cibitung-Cilincing, PT JMTO ruas BORR, PT JMTO          JMTM JTC area, PT JMTM Jagorawi area, PT JMTM JORR
ruas Bogor-Ciawi-Sukabumi, PT JMTM area JTC, PT JMTM         area, JMTC, PT JMTM AMP and heavy equipment, and
area Jagorawi, PT JMTM area JORR, JMTC, PT JMTM AMP          pension fund), also Jasa Marga Headquarters. Afterwards,
& Alat Berat dan Dapen) serta Kantor Pusat Jasa Marga.       Jasa Marga also held Forum Commander program which
Kemudian, Jasa Marga juga menyelenggarakan program           aimed to develop the Company's AKHLAK implementation
Forum Commander yang bertujuan untuk meningkatkan            learning. Then, Company held AKHLAK Enrichment
pembelajaran mengenai implementasi AKHLAK di                 program which aimed to increase the comprehension
Perseroan, selanjutnya Perseroan melaksanakan program        level by Leaders towards Jasa Marga Roadsters, and also,
AKHLAK Enrichment yang bertujuan untuk meningkatkan          Company has implemented 3 (three) Town Hall Meeting
level pemahaman oleh Leaders kepada para Roadster            series (THM), which includes, Keep Healthy and Wealthy to
Jasa Marga, serta Perseroan juga mengimplementasikan         Set Your Goals, AKHLAK Membudaya Jasa Marga, Sejiwa
3 (tiga) series Town Hall Meeting (THM) yaitu Keep Healthy   Berkarya, and Wujudkan Budaya AKHLAK dalam Praktik
& Wealthy to Set Your Goals, AKHLAK Membudaya Jasa           Bisnis yang Bersih Tanpa Korupsi. THM was aimed so all
Marga, Sejiwa Berkarya serta Wujudkan Budaya AKHLAK          the Jasa Marga Roadsters could acquire direct opportunity
dalam Praktik Bisnis yang Bersih Tanpa Korupsi. THM          to gain insights from various speakers present.
bertujuan agar para Roadster Jasa Marga agar dapat
memiliki kesempatan langsung untuk mendapatkan
wawasan dari berbagai narasumber yang hadir.


                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                             109
Page 110
  Bidang Usaha
  Line of Business

  Maksud dan Tujuan Kegiatan Usaha                              Purpose and Objectives of the
  Perseroan Menurut Anggaran Dasar                              Company's Business Activities
  Terakhir                                                      According to the Latest Articles of
                                                                Association

  Berdasarkan Anggaran Dasar Perseroan terakhir,                In accordance with the latest Articles of Association
  sebagaimana tertuang dalam Akta No. 40 tanggal 19             of the Company, as stated in Deed No. 40 dated July
  Juli 2021, yang dibuat di hadapan Ir. Nanette Cahyanie        19, 2021, made before Ir. Nanette Cahyanie Handari
  Handari Adi Warsito S.H., Notaris di Jakarta, dan telah       Adi Warsito S.H., Notary in Jakarta, and has been
  disetujui oleh Menteri Hukum dan Hak Asasi Manusia            approved by the Minister of Law and Human Rights in
  dalam Keputusan No. AHU-AH.01.03-0429854 tanggal 21           Decree No. AHU-AH.01.03-0429854 dated July 21,
  Juli 2021 serta telah didaftarkan dalam Daftar Perseroan      2021 and has been registered in the Company Register
  No. AHU-0125817.AH.01.11.TAHUN2021 tanggal 21 Juli            No. AHU-0125817.AH.01.11.TAHUN2021 July 21, 2021,
  2021, Pasal 3 ayat (1), maksud dan tujuan Perseroan ialah     Article 3 paragraph (1), the purpose and objective of
  turut serta melaksanakan dan menunjang kebijakan              the Company is to participate in implementing and
  dan program Pemerintah di bidang ekonomi dan                  supporting Government policies and programs in the
  pembangunan nasional pada umumnya, khususnya                  field of economy and national development in general,
  pembangunan di bidang Pengusahaan Jalan Tol dengan            especially development in the Road Concession sector
  sarana penunjangnya dengan menerapkan prinsip-                Toll roads with their supporting facilities by applying the
  prinsip perseroan terbatas.                                   principles of limited liability companies.

  Sedangkan berdasarkan Pasal 3 ayat (2) dan Pasal 3            Meanwhile, based on Article 3 paragraph (2) and Article
  ayat (3) menyatakan bahwa kegiatan usaha dan kegiatan         3 paragraph (3) it states that the Company’s business
  usaha penunjang Perseroan adalah sebagai berikut:             activities and supporting business activities are as
                                                                follows:

  1. Kegiatan Usaha Utama Perseroan meliputi:                   1. Main Business Activities, including:
     a. Melakukan perencanaan teknis, pelaksanaan                  a. Commence toll roads technical planning,
        konstruksi, pengoperasian dan/atau preservasi                 construction implementation, operation and/or
        jalan tol.                                                    preservation.
     b. Mengusahakan lahan di ruang milik jalan tol                b. Develop land in the space owned by the toll road
        (rumijatol) dan lahan yang berbatasan dengan                  (rumijatol) and land nearby the rumijatol for rest
        rumijatol untuk tempat istirahat dan pelayanan,               and services area, along with other facilities and
        berikut dengan fasilitas-fasilitas dan usaha lainnya.         businesses.
     c. Melakukan kegiatan pengembangan kawasan                    c. Commence area development activities that are
        yang terintegrasi dengan pengembangan jaringan                integrated with toll road network development.
        jalan tol.
     d. Melakukan kegiatan dibidang jasa layanan                   d. Carrying out activities in toll road preservation and
        preservasi dan pengoperasian jalan tol.                       operation services.
     e. Aktivitas jalan tol, mencakup pelayanan lalu lintas        e. Toll road activities, including vehicle traffic services
        kendaraan melalui jalan atau jembatan tol.                    through toll roads or bridges.
     f. Melakukan investasi termasuk penyertaan modal              f. Place investments, including shares investment in
        pada perusahaan lainnya sejalan dengan dan                    other companies in line with and to achieve the
        untuk mencapai maksud dan tujuan Perseroan.                   Company’s goals and objectives.

  2. Kegiatan Usaha Penunjang meliputi:                         2. Supporting Business Activities, including:
     Bidang pengembangan jasa untuk usaha-usaha                    Service development for businesses related to
     yang terkait dengan moda-moda/sarana transportasi,            means/modes of transportation, distribution of Liquid/
     pendistribusian material cair/padat/gas, jaringan             solid/gas material, information, technology and
     sarana informasi, teknologi dan komunikasi, terkait           communication device network, related to the toll
     dengan koridor jalan tol dengan memperhatikan                 road corridor by complying with the Law.
     Peraturan Perundang-undangan.




110   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 111
                                                                                Profil Perusahaan
                                                                                Company Profile




Kegiatan Usaha yang Dijalankan pada                                   Business Activity Implemented in Fiscal
Tahun Buku                                                            Year

Pada tahun buku 2023, Jasa Marga telah menjalankan                    In 2023 fiscal year, Jasa Marga has operated all of
seluruh kegiatan usaha utama yang tercantum pada                      the main business activities as mentioned in article 3
pasal 3 ayat (2) Anggaran Dasar Perseroan.                            paragraph (2) Articles of Association.



Model Operasi                                                         Operating Model

Guna menunjang pencapaian sasaran Perseroan                           In order to support the achievement of the Company's
sesuai dengan Rencana Jangka Panjang tahun 2021-                      targets in accordance with the 2021-2025 Long Term
2025 untuk membangun ketahanan Perseroan dengan                       Plan to build the Company's resilience by balancing
menyeimbangkan pertumbuhan dan kesinambungan                          growth and financial sustainability, the Company is
keuangan, Perseroan mengembangkan model bisnis                        developing business model consisting of three business
yang terdiri dari tiga lini bisnis yakni: (i) lini bisnis konsesi     lines: (i) toll road concession business; (ii) supporting
jalan tol; (ii) lini bisnis pendukung operasi jalan tol               business of toll road operation which include toll road
yang mencakup bisnis pengoperasian jalan tol serta                    operation business and toll road preservation business;
bisnis preservasi jalan tol; dan (iii) lini bisnis prospektif         and (iii) prospective business lines that including property
yang mencakup pengembangan properti/Toll Corridor                     development/Toll Corridor Development (TCD), Rest and
Development (TCD), Tempat Istirahat dan Pelayanan                     Service Areas (TIP), advertising and utilities, building
(TIP), iklan dan utilitas, building management, serta                 management, and commercial business.
bisnis komersil.


                                  Bagan Lini Bisnis, Peran, dan Ruang Lingkup Pekerjaan
                                          Chart of Business Lines, Role and Scope of Work




                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                       111
Page 112
  Peran dalam Perseroan dibagi menjadi 3 (tiga), yaitu                         The role in the Company is divided into 3 (three), namely
  asset owner, asset manager dan service provider.                             asset owner, asset manager, and service provider. The
  Peran sebagai asset owner berada pada level pusat                            role as asset owner is held by the central office or at
  atau korporat di mana ruang lingkup pekerjaannya                             corporate level where the scope of work includes the
  mencakup pengembangan visi dan misi, fungsi strategis                        development of vision and mission, strategic functions
  dan kepemimpinan. Selanjutnya, peran sebagai asset                           and leadership. In the meantime, the role as asset
  manager berada pada level Regional, Representative                           manager is held by Regions, the Representative Office,
  Office, dan Entitas Anak dengan ruang lingkup pekerjaan                      and Subsidiaries with the scope of work including:
  meliputi perencanaan, pengelolaan, pemantauan,                               planning, management, monitoring, reviewing, and
  peninjauan, dan evaluasi. Sementara peran service                            evaluating. While the role of service providers has the
  provider memiliki ruang lingkup sebagai pendukung                            scope of supporting the toll road business which is
  bisnis jalan tol yang terbagi menjadi 3 (tiga) bagian, yaitu                 divided into 3 (three) sections, namely asset operator
  asset operator (lalu lintas dan transaksi), asset maintainer                 (traffics and transactions), asset maintainer (preservation),
  (preservasi), dan asset optimizer (pengembangan TCD).                        and asset optimizer (TCD development).


                             Bagan High Level Pembagian Peran dan Tanggung Jawab Jasa Marga Group
                                    Chart of High Level Division of Roles and Responsibilities of Jasa Marga Group




112   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 113
                                                                                Profil Perusahaan
                                                                                Company Profile




Produk dan Jasa yang Dihasilkan (Model Bisnis)
Products and Services (Business Model)

Produk dan Jasa yang ditawarkan Jasa Marga dibagi                    Products and services offered by Jasa Marga are divided
dalam 3 (tiga) bidang utama, yakni:                                  into 3 (three) main business, as follows:



Bisnis Konsesi Jalan Tol                                             Toll Road Concession Business

Sejalan dengan visi Perseroan menjadi perusahaan jalan               In line with the Company's vision to become the largest,
tol nasional terbesar, terpercaya dan berkesinambungan,              most trusted and sustainable national toll road company,
Perseroan terus berupaya mempertahankan pangsa                       the Company continues to strive to maintain its share of
pasar jalan tol di Indonesia. Perseroan mengelola                    toll road market in Indonesia. The Company manages
penambahan kepemilikan hak pengusahaan jalan tol                     additional ownership of toll road concession rights
melalui Entitas Anak dalam bentuk Badan Usaha Jalan                  through Subsidiaries in the form of Toll Road Business
Tol (BUJT). Masing-masing Entitas Anak dalam bentuk                  Entities (BUJT). Each Subsidiary in the form of BUJT
BUJT didirikan untuk melaksanakan pengusahaan                        was established to operating toll roads, which includes
jalan tol, yang meliputi pendanaan, perencanaan                      funding, engineering planning, construction, operation
teknik, pelaksanaan konstruksi, pengoperasian dan                    and preservation of toll roads, as well as other businesses
preservasi jalan tol, serta usaha-usaha lainnya sesuai               in accordance with provisions and regulations of the
dengan ketentuan-ketentuan dan peraturan perundang-                  applicable laws and regulations.
undangan yang berlaku.

Hingga akhir 2023, Perseroan memiliki hak konsesi                    Until the end of 2023, the Company has concession
untuk 36 ruas jalan tol sepanjang 1.736 km melalui                   rights for 36 toll roads that span 1,736 km through
proses tender, akuisisi dan pemrakarsa. Pengoperasian                tenders, acquisitions and initiator processes. Operations
atas konsesi jalan tol tersebut terbagi ke dalam 2 (dua)             of toll road concession are divided into 2 (two) regions
Regional dan melalui Entitas Anak dari subholding PT                 and through 1 (one) subsidiary of PT Jasamarga Transjawa
Jasamarga Transjawa Tol (JTT). Hingga akhir tahun 2023,              Tol (JTT) subholding. Until the end of 2023, of the total
dari total panjang konsesi yang dimiliki Perseroan 1.264             length of toll road concessions owned by the Company,
km diantaranya telah beroperasi.                                     1,264 km have been operating.

                                     Tabel Ruas Jalan Tol Jasa Marga Periode 1978-2023
                                          Table of Jasa Marga’s Toll Roads in 1978-2023 Period



 No                             Konsensi                                Panjang (Km)              Tahun Mulai Operasi Perusahaan (Induk)
                                Concession                                Length (Km)                    Years of Initial Operation (Parent)

  1    Jakarta Bogor-Ciawi (Jagorawi)                                        59,0                                        1978
  2    Jakarta-Tangerang                                                      33,0                                       1984
  3    Prof. Dr. Ir. Sedyatmo                                                 14,3                                       1984
  4    Cawang-Tomang-Pluit                                                   23,6                                        1987
  5    Padalarang-Cileunyi (Padaleunyi)                                      64,4                                       1990
  6    Cikampek-Padalarang (Cipularang)                                      58,5                                       2003
  7    Belawan-Medan-Tanjung Morawa (Belmera)                                 42,7                                      1986
  8    Jakarta Outer Ring Road (JORR) Seksi E1, E2, E3, W2S                  28,3                                        1991
  9    Ulujami-Pondok Aren                                                    5,6                                       2001
  10   JORR W2 Utara                                                          7,9                                       2014
                                                                                                   Beroperasi sebagian sejak tahun 2009
  11   Bogor Outer Ring Road (BORR)                                           11,3
                                                                                                       Partially operated since 2009
  12   Cengkareng-Batuceper-Kunciran                                          14,2                                      2021
  13   Kunciran-Serpong                                                       11,1                                      2019
  14   Semarang-Solo                                                          72,6                                       2011
  15   Surabaya-Mojokerto                                                    36,3                                        2011



                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                       113
Page 114
                                                   Tabel Ruas Jalan Tol Jasa Marga Periode 1978-2023
                                                       Table of Jasa Marga’s Toll Roads in 1978-2023 Period



      No                                    Konsensi                                 Panjang (Km)       Tahun Mulai Operasi Perusahaan (Induk)
                                           Concession                                  Length (Km)            Years of Initial Operation (Parent)

      16    Gempol-Pasuruan                                                                34,2                             2017
      17    Gempol-Pandaan                                                                 13,6                             2015
      18    Nusa Dua-Ngurah Rai-Benoa                                                      9,7                              2013
      19    Medan- Kualanamu-Tebing Tinggi                                                 61,7                             2017
      20    Solo-Ngawi                                                                    90,4                              2018
                                                                                                          Beroperasi sebagian sejak tahun 2018
      21    Ngawi-Kertosono-Kediri                                                        114,9
                                                                                                              Partially operated since 2018
      22    Cinere-Serpong                                                                 10,1                             2021
      23    Jakarta-Cikampek (Japek)                                                      83,0                              1988
      24    Semarang A,B,C                                                                24,8                              1983
      25    Surabaya-Gempol (Surgem)                                                      48,8                              1986
      26    Palimanan-Kanci (Palikanci)                                                   26,3                              1998
      27    Batang-Semarang                                                                75,0                             2018
      28    Balikpapan-Samarinda                                                           97,3                             2019
      29    Manado-Bitung                                                                  39,9                             2020
      30    Pandaan-Malang                                                                38,5                              2019
      31    Jalan Layang Sheikh Mohammed Bin Zayed (MBZ)                                  38,0                              2019
                                                                                                         Tahap pembebasan lahan dan konstruksi
      32    Probolinggo-Banyuwangi                                                        172,9
                                                                                                         Land acquisition and construction phase
                                                                                                         Tahap pembebasan lahan dan konstruksi
      33    Jakarta-Cikampek II Selatan                                                   64,0
                                                                                                         Land acquisition and construction phase
                                                                                                         Tahap pembebasan lahan dan konstruksi
      34    Yogyakarta-Bawen                                                               75,8
                                                                                                         Land acquisition and construction phase
                                                                                                         Tahap pembebasan lahan dan konstruksi
      35    Solo-Yogyakarta-NYIA Kuloprogo                                                96,6
                                                                                                         Land acquisition and construction phase
                                                                                                                Tahap pembebasan lahan
      36    Akses Patimban                                                                 37,1
                                                                                                                 Land acquisition phase


  Bisnis Pengoperasian Jalan Tol                                                  Toll Road Operations Business

  Perseroan menjalankan bisnis pengoperasian jalan                                The Company conducts toll road operation business
  tol melalui Entitas Anak, yaitu PT Jasamarga Tollroad                           through a Subsidiary, PT Jasamarga Tollroad Operator
  Operator (JMTO). Layanan yang diberikan oleh Perseroan                          (JMTO). Services provided by the Company include
  antara lain adalah layanan transaksi dan layanan lalu                           transaction services and traffic services as well as
  lintas serta layanan pemeliharaan. Layanan transaksi                            maintenance services. Transaction services relate to the
  berhubungan dengan ketersediaan maupun kecepatan                                availability and speed of tools and systems at toll gates
  alat dan sistem di gerbang tol untuk memproses                                  to process user transactions on each toll road. Traffic
  transaksi yang dilakukan oleh setiap pengguna jalan tol.                        services are series of activities that include planning,
  Layanan lalu lintas adalah serangkaian upaya kegiatan                           procurement, installation, regulation and maintenance
  yang, meliputi: perencanaan, pengadaan, pemasangan,                             of road equipment facilities in order to realize, support
  pengaturan, dan pemeliharaan fasilitas perlengkapan                             and maintain security, safety, order and smooth traffic,
  jalan dalam rangka mewujudkan, mendukung, dan                                   especially on toll roads. Apart from toll road operation
  memelihara keamanan, keselamatan, ketertiban, dan                               services, PT JMTO also provides information technology
  kelancaran lalu lintas khususnya di jalan tol. Selain                           services and Electronic Toll Collection (ETC) services to
  layanan pengoperasian jalan tol, PT JMTO juga                                   support toll road operations.
  menyediakan layanan teknologi informasi dan layanan
  Electronic Toll Collection (ETC) sebagai pendukung
  operasional jalan tol.




114    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 115
                                                                                  Profil Perusahaan
                                                                                  Company Profile




 Tabel Produk Layanan Pengoperasian Jalan Tol, Electronic Toll Collection, dan Teknologi Informasi PT JMTO Tahun 2023
          Table of Toll Road Operation Services, Electronic Toll Collection and Information Technology Products of PT JMTO in 2023



                                                                                                          Layanan
                                                                                                           Services
                                 Ruas                                    Pengoperasian                                                Teknologi
No
                               Toll Road                                                                 Electronic
                                                                           Jalan Tol                                                  Informasi
                                                                             Toll Road                 Toll Collection                Information
                                                                            Operations                                                Technology

Perusahaan (Induk)
The Company (Parent)

 1    Jagorawi (Jakarta-Bogor-Ciawi)

 2    Jakarta-Tangerang

 3    Prof. Dr. Ir. Sedyatmo

 4    Cawang-Tomang-Pluit

 5    Padalarang-Cileunyi (Padaleunyi)

 6    Cikampek-Padalarang (Cipularang)

 7    Belawan-Medan-Tanjung Morawa (Belmera)

 8    Jakarta Outer Ring Road (JORR) Seksi E1, E2, E3, W2S

 9    Ulujami-Pondok Aren

Entitas Anak, Ventura Bersama serta Entitas Anak dan Ventura Bersama dari PT JTT
Subsidiaries and Joint Venture Entities, as well as Subsidiaries and Joint Venture Entities under PT JTT

 1    Gempol-Pasuruan

 2    Medan-Kualanamu-Tebing Tinggi

 3    Surabaya-Mojokerto

 4    Solo-Ngawi

 5    Ngawi-Kertosono-Kediri

 6    Jakarta-Cikampek (Japek)

 7    Palimanan-Kanci (Palikanci)

 8    Semarang A,B,C

 9    Surabaya-Gempol (Surgem)

10    Semarang-Batang

 11   Pandaan-Malang

12    Semarang-Solo

13    Kunciran-Serpong

14    Jalan Layang Sheikh Mohammed Bin Zayed (MBZ)

15    Balikpapan-Samarinda




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         115
Page 116
       Tabel Produk Layanan Pengoperasian Jalan Tol, Electronic Toll Collection, dan Teknologi Informasi PT JMTO Tahun 2023
                     Table of Toll Road Operation Services, Electronic Toll Collection and Information Technology Products of PT JMTO in 2023



                                                                                                                Layanan
                                                                                                                Services
                                                Ruas                                  Pengoperasian                                     Teknologi
      No
                                               Toll Road                                                       Electronic
                                                                                        Jalan Tol                                       Informasi
                                                                                          Toll Road          Toll Collection            Information
                                                                                         Operations                                     Technology

       17      Ulujami-Kebon Jeruk (JORR W2 Utara)

      18       Bogor Ring Road

      19       Gempol-Pandaan

      20       Nusa Dua-Ngurah Rai-Tanjung Benoa

      21       Jakarta-Cikampek II Selatan

      22       Kunciran-Cengkareng

      23       Cinere-Serpong

      24       Medan- Binjai*

      BUJT di Luar Kelompok Usaha Jasa Marga
      BUJT Outside Jasa Marga Group

       1       Bogor-Ciawi-Sukabumi

       2       Kayu Agung-Palembang Betung

       3       Cimanggis-Cibitung

       4       Cibitung-Tanjung Priok

       5       Krian-Legundi-Bunder-Manyar

       6       Serpong-Balaraja

       7       Semarang-Demak
      Keterangan/ Note :
      *JMTO menyediakan Layanan Pengoperasian Ruas Medan – Binjai pada periode Januari – Oktober 2023
      *JMTO provides Medan - Binjai Section Operation Service in the period of January - October 2023




  Sementara PT Jasamarga Tollroad Maintenance (JMTM),                                Meanwhile, PT Jasamarga Tollroad Maintenance
  Entitas Anak, menyediakan layanan jasa manajemen                                   (JMTM), a subsidiary, provides toll road preservation
  preservasi jalan tol dan konstruksi. Layanan preservasi                            and construction management services. Preservation
  dilakukan untuk menjaga kualitas jalan tol yang meliputi                           services are carried out to maintain the quality of toll
  kegiatan perencanaan dan pelaksanaan preservasi jalan                              roads which include planning and implementation of toll
  tol, peningkatan kapasitas jalan tol dan penyewaan alat                            road preservation, toll road capacity improvement and
  berat dalam rangka pemenuhan Standar Pelayanan                                     heavy equipment rental in order to fulfil the Minimum
  Minimal (SPM) jalan tol. Rincian terkait layanan preservasi                        Service Standards (MSS) of toll roads. Details related to
  jalan tol dan proyek konstruksi terlihat pada tabel berikut                        toll road preservation services and construction projects
  ini:                                                                               are shown in the following table:




116         Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 117
                                                                             Profil Perusahaan
                                                                             Company Profile




                    Tabel Daftar Pekerjaan PT Jasamarga Tollroad Maintenance (JMTM) Tahun 2023
                             Table of Project List of PT Jasamarga Tollroad Maintenance (JMTM) in 2023



No                                  Nama Pekerjaan                                                                Pemberi Kerja
                                       Project Name                                                                   Employer

1    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Ruas Jakarta-Cikampek
     Management Contract on Minimum Service Standard Fulfilment in Jakarta -
     Cikampek Toll Road Preservation Aspect
2    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Ruas Semarang ABC
     Management Contract on Minimum Service Standard Fulfilment in ABC
     Semarang Toll Road Preservation Aspect
                                                                                                  PT Jasamarga Transjawa Tol
3    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Palimanan-Kanci
     Management Contract on Minimum Service Standard Fulfilment in Palimanan-
     Kanci Toll Road Preservation Aspect
4    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Surabaya-Gempol
     Management Contract on Minimum Service Standard Fulfilment in Surabaya-
     Gempol Toll Road Preservation Aspect
5    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Jakarta Outer Ring Road Seksi E1, E2, E3, dan Ulujami -
     Pondok Aren
     Management Contract on Minimum Service Standard Fulfilment in Jakarta
     Outer Ring Road Section E1, E2, E3, and Ulujami - Pondok Aren Toll Road
     Preservation Aspect
6    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Jakarta-Tangerang-Cengkareng
     Management Contract on Minimum Service Standard Fulfilment in                                Jasamarga Metropolitan Tollroad
     JakartaTangerang-Cengkareng Toll Road Preservation Aspect                                    Regional Division
7    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Jakarta-Bogor-Ciawi
     Management Contract on Minimum Service Standard Fulfilment in
     JakartaBogor-Ciawi Toll Road Preservation Aspect
8    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Purwakarta-Bandung-Cileunyi
     Management Contract on Minimum Service Standard Fulfilment in Purwakarta-
     Bandung-Cileunyi Toll Road Preservation Aspect
9    Kontrak Manajemen Pemenuhan Standar Pelayanan Minimal di Bidang
     Preservasi Jalan Tol Belawan-Medan-Tj. Morawa                                                Jasamarga Nusantara Tollroad
     Management Contract on Minimum Service Standard Fulfilment in                                Regional Division
     BelawanMedan-Tj. Morawa Toll Road Preservation Aspect
10   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Solo-Ngawi
                                                                                                  PT Jasamarga Solo Ngawi
     Management Contract on Solo - Ngawi Toll Road Preservation Aspect
11   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Gempol-
     Pasuruan                                                                                     PT Jasamarga Gempol Pasuruan
     Management Contract on Gempol-Pasuruan Toll Road Preservation Aspect
12   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Ngawi-
     Kertosono                                                                                    PT Jasamarga Ngawi Kertosono Kediri
     Management Contract on Ngawi-Kertosono Toll Road Preservation Aspect
13   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Surabaya-
     Mojokerto                                                                                    PT Jasamarga Surabaya Mojokerto
     Management Contract on Surabaya-Mojokerto Toll Road Preservation Aspect
14   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Semarang-
     Batang                                                                                       PT Jasamarga Semarang Batang
     Management Contract on Semarang-Batang Toll Road Preservation Aspect
15   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Medan-
     Kualanamu-Tebing Tinggi
                                                                                                  PT Jasamarga Kualanamu Tol
     Management Contract Medan-Kualanamu-Tebing Tinggi Toll Road Preservation
     Aspect
16   Kontrak Manajemen Bidang Preservasi Jalan Tol pada Ruas Tol Bali Mandara
                                                                                                  PT Jasamarga Bali Tol
     Management Contract on Bali Mandara Toll Road Preservation Aspect




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    117
Page 118
                               Tabel Daftar Pekerjaan PT Jasamarga Tollroad Maintenance (JMTM) Tahun 2023
                                           Table of Project List of PT Jasamarga Tollroad Maintenance (JMTM) in 2023



      No                                            Nama Pekerjaan                                                     Pemberi Kerja
                                                       Project Name                                                       Employer

      17   Kontrak Manajemen Bidang Preservasi Jalan Tol Pada Ruas Tol Jakarta                             PT Jasamarga Jalanlayang Cikampek
           Cikampek II Elevated
           Management Contract on Jakarta Cikampek II Elevated Toll Road Maintenance
           Aspect
      18   Kontrak Manajemen Bidang Preservasi Jalan Tol Pada Ruas Tol Gempol-                             PT Jasamarga Pandaan Tol
           Pandaan
           Management Contract on Gempol-Pandaan Toll Road Maintenance Aspect
      19   Kontrak Manajemen Bidang Preservasi Jalan Tol Pada Ruas Tol Balikpapan-                         PT Jasamarga Balikpapan Samarinda
           Samarinda
           Management Contract on Balikpapan-Samarinda Toll Road Maintenance Aspect
      20   Kontrak Manajemen Bidang Preservasi Jalan Tol Pada Ruas Tol Manado-Bitung                       PT Jasamarga Manado Bitung
           Management Contract on Manado-Bitung Toll Road Maintenance Aspect
      21   Pembangunan Gedung Kantor PT Jasamarga Jalanlayang Cikampek                                     PT Jasamarga Jalanlayang Cikampek
           The Construction of PT Jasamarga Jalanlayang Cikampek Office Building
      22   Pekerjaan Aspal dan Expantion Joint Seksi 4 Pada Jalan Tol Cibitung-Cilincing                   PT Cibitung Tanjung Priok Port
           Asphalt Work and Expanson Joint Section 4 on Cibitung-Cilincing Toll Road                       Tollways
      23   Pekerjaan Rekonstruksi Perkerasan Pada Ruas Jalan Tol Cipularang Tahun 2023                     PT Gienda Putra
           Pavement Rekonstruction Work on Cipularang Toll Road in 2023
      24   Pekerjaan Perkerasan Aspal Pada Paket Pekerjaan Perbaikan Perkerasan                            PT Sarana Seja Ibadah
           Tempat Istirahat (TI) KM 72 Jalur A Ruas Jalan Tol Cipularang Tahun 2023
           Asphalt Pavement Work on Pavement Repair at Rest Area KM 72 Line A
           Cipularang Toll Road in 2023
      25   Preservasi Periodik (SFO) Pada Ruas Jalan Tol Cipularang dan Padaleunyi                         PT Dirgantara Yuda Arta
           Tahun 2023
           Periodic Maintenance (SFO) on Cipularang and Padaleunyi Toll Roads in 2023
      26   Overlay Infrastruktur Fase 1 Proyek Toll Corridor Development (TCD) Taman                       PT Jasamarga Related Business
           Mini
           Infrastucture Overlay Phase 1 of the Taman Mini Toll Corridor Development
           (TCD) Project
      27   Jasa Pemborongan Pekerjaan Rekonstruksi Perkerasan Pada Ruas Jalan Tol                          PT Marga Maju Mapan
           Padaleunyi Tahun 2023
           Pavement Reconstruction Work in Padaleunyi Toll Road in 2023
      28   Preservasi Periodik (SFO) Pada Ruas Jalan Tol Jakarta-Cikampek Jalur A                          PT Marga Maju Mapan
           Periodic Maintenance (SFO) on Jakarta-Cikampek Toll Road Section A
      29   Preservasi Periodik (SFO) Pada Ruas Jalan Tol Jakarta-Cikampek Jalur B                          PT Modern Widya Tehnical
           Periodic Maintenance (SFO) on Jakarta-Cikampek Toll Road Section B
      30   Pekerjaan Preservasi Periodik Scrapping, Filling, Overlay (SFO) dan Marka                       PT Marga Maju Mapan
           Jalan Pada Ruas Jalan Tol Jakarta - Bogor - Ciawi Tahun 2023
           Periodic Maintenance Scrapping, Filling, Overlay (SFO) and Road Marking on
           Jakarta-Bogor-Ciawi Toll Road in 2023
      31   Pengadaan dan Pemasangan Pagar Pengaman Jalan Pada Ruas Jalan Tol Solo-                         PT Jasamarga Solo Ngawi
           Ngawi
           Procurement and Installation Of Guardrail on Solo-Ngawi Toll Road
      32   TJSL Perbaikan Jalan Lapangan Tembak Pistol Batalyon 14 Kopassus                                PT Jasa Marga (Persero) Tbk
           Environmental Social Responsibility Road Repair for the 14th Kopassus Battalion
           Gun Shooting Range
      33   Preservasi Periodik dan Rekonstruksi Permukaan Jalan Pada Ruas Jalan Tol                        PT Jasamarga Solo Ngawi
           Solo-Ngawi
           Periodic Maintenance and Reconstruction of Road Surfaces on Solo-Ngawi Toll
           Road
      34   Pekerjaan Preservasi Jalan dan Jembatan Betung-Bts. Kota Palembang                              Satuan Kerja Pelaksana Jalan Nasional
           Road and Bridge Betung-Bts Kota Palembang Work Preservation.                                    Wilayah I Provinsi Sumsel
                                                                                                           National Road Implementing Unit,
                                                                                                           Region I, South Sumatra Province
      35   Kontrak Manajemen Bidang Pemeliharaan Jalan Tol Pada Ruas Jalan Tol Bogor Ring                  PT Marga Sarana Jabar
           Road
           Road Management Contract on Bogor Ring Road Toll Road Preservation
           Aspect



118    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 119
                                                                                  Profil Perusahaan
                                                                                  Company Profile




Bisnis Prospektif                                                      Prospective Businesses

Untuk     meningkatkan       pertumbuhan        kinerjanya,            To upgrade its performance growth, the Company
Perseroan juga mengoptimalkan potensi usaha dan aset                   also optimized business potential and assets in the
di ruang milik jalan tol (Rumija) di sepanjang ruas jalan              toll road right-of-way (Rumija) along the roads owned
milik Jasa Marga Group melalui lini bisnis prospektif.                 by Jasa Marga Group through prospective business
Bisnis prospektif ini dikelola oleh entitas anak Jasa                  lines. This prospective business is managed by Jasa
Marga yaitu PT Jasamarga Related Business (JMRB)                       Marga's subsidiary, PT Jasamarga Related Business
yang bergerak di bidang pengembangan properti/                         (JMRB), which is engaged in property development/
Toll Corridor Development (TCD), Tempat Istirahat dan                  Toll Corridor Development (TCD), Rest and Service Area
Pelayanan (TIP), iklan dan utilitas, building management,              (TIP), advertising and utilities, building management, and
serta bisnis komersil.                                                 commercial business.

              Tabel Tempat Istirahat dan Pelayanan (TIP) Milik PT Jasamarga Related Business (JMRB) Tahun 2023
                         Table of Rest & Service Area (TIP) Owned by PT Jasamarga Related Business (JMRB) in 2023



                  Ruas Tol                          Tempat Istirahat dan Pelayanan (TIP)                                       Status
                  Toll Road                                  Rest & Service Area (TIP)                                          Status

 Purbaleunyi                                   KM 88A                                                              Beroperasi
                                                                                                                   Operating
                                               KM 88B                                                              Beroperasi
                                                                                                                   Operating
 Palikanci                                     KM 207A                                                             Beroperasi
                                                                                                                   Operating
 Pejagan-Pemalang                              KM 260B                                                             Beroperasi
                                                                                                                   Operating
 Batang-Semarang                               KM 360B                                                             Beroperasi
                                                                                                                   Operating
                                               KM 379A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 389B                                                             Beroperasi
                                                                                                                   Operating
                                               KM 391A                                                             Beroperasi
                                                                                                                   Operating
 Solo-Ngawi                                    KM 519A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 519B                                                             Beroperasi
                                                                                                                   Operating
                                               KM 538A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 538B                                                             Beroperasi
                                                                                                                   Operating
                                               KM 575A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 575B                                                             Beroperasi
                                                                                                                   Operating
 Ngawi-Kertosono                               KM 597A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 597B                                                             Beroperasi
                                                                                                                   Operating
 Surabaya-Mojokerto                            KM 725A                                                             Beroperasi
                                                                                                                   Operating
 Gempol-Pasuruan                               KM 792A                                                             Beroperasi
                                                                                                                   Operating
                                               KM 792B                                                             Beroperasi
                                                                                                                   Operating




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         119
Page 120
                   Tabel Tempat Istirahat dan Pelayanan (TIP) Milik PT Jasamarga Related Business (JMRB) Tahun 2023
                                  Table of Rest & Service Area (TIP) Owned by PT Jasamarga Related Business (JMRB) in 2023



                         Ruas Tol                               Tempat Istirahat dan Pelayanan (TIP)                         Status
                          Toll Road                                    Rest & Service Area (TIP)                             Status

      Pandaan-Malang                                         KM 66A                                                Beroperasi
                                                                                                                   Operating
                                                             KM 66B                                                Beroperasi
                                                                                                                   Operating
                                                             KM 84A                                                Beroperasi
                                                                                                                   Operating
                                                             KM 84B                                                Beroperasi
                                                                                                                   Operating

      Medan-Kualanamu-Tebing Tinggi                          KM 65A                                                Beroperasi
                                                                                                                   Operating
                                                             KM 65B                                                Beroperasi
                                                                                                                   Operating
      Balikpapan-Samarinda                                   KM 36A                                                Beroperasi
                                                                                                                   Operating
                                                             KM 36B                                                Beroperasi
                                                                                                                   Operating



  Pada tahun 2023, Toll Corridor Development (TCD)                               In 2023, Taman Mini Toll Corridor Development (TCD)
  Taman Mini atau Travoy Hub sebagai TIP Pengembangan                            or Travoy Hub as the first TIP Development in Indonesia
  pertama di Indonesia yang dikembangkan oleh PT                                 developed by PT JMRB officially operates. Travoy Hub
  JMRB resmi beroperasi. Travoy Hub menjadi tempat                               is a stop with interconnections to tourist destinations
  pemberhentian dengan interkoneksi menuju destinasi                             and inter-modal transportation such as Jabodebek LRT,
  wisata dan antar-moda transportasi seperti LRT                                 Trans Jakarta buses, Jak Lingko, and toll road access.
  Jabodebek, bus Trans Jakarta, Jak Lingko, dan akses
  jalan tol.

  Kemajuan pengembangan properti PT JMRB dapat                                   The progress of PT JMRB's property development can
  dilihat dari telah terjualnya unit-unit di rumah di                            be seen from the sale of units in the Spring Residence
  proyek perumahan Spring Residence Sidoarjo, Green                              Sidoarjo housing project, Green View Residence
  View Residence Sidoarjo, Royal Pandaan, Ambawani                               Sidoarjo, Royal Pandaan, Ambawani Residence, and
  Residence, dan beberapa proyek pengembangan                                    several other development projects.
  lainnya.




120     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 121
                                                   Profil Perusahaan
                                                   Company Profile




       Logo Perseroan
       Company’s Logo

                                                Perseroan memiliki logo yang sangat dikenal
                                                masyarakat Indonesia sebagai “brand” perusahaan
                                                yang bergerak di bidang industri jalan tol. Logo
                                                Perseroan yang menggambarkan citra Perseroan
                                                dikemas dengan desain yang modern, sederhana dan
                                                elegan dengan warna biru dan kuning sebagai identitas
                                                utama. Penetapan logo tersebut berdasarkan Keputusan
                                                Direksi PT Jasa Marga (Persero) No. 41/KPTS/2007
                                                tanggal 26 Maret 2007.




                                                The Company has a logo that has been well known
                                                by Indonesian people as the "brand" of a company
                                                operating in the toll road industry. The Company logo
                                                which depicts the Company's image is packaged in
                                                a modern, simple and elegant design with blue and
                                                yellow as main identity. Determination of the logo is
                                                based on the Decision of the Board of Directors of PT
                                                Jasa Marga (Persero) No. 41/KPTS/2007 dated March
                                                26, 2007.




Makna dan Arti Logo
Meaning and Explanation of the Logo




         Warna biru dan kuning pada logo
        mencerminkan harapan dan masa
                                                                     Konfigurasi jalan membentuk huruf
    depan, serta semangat dan komitmen.
                                                                     “J” (huruf pertama Perseroan),
          The blue and yellow colors on the
                                                                     mencerminkan perjalanan panjang
     logo reflect hope and future, as well as
                                                                     sekaligus mencitrakan Perseroan yang
                   passion and commitment.
                                                                     semakin dinamis.
                                                                     Road configuration forming the letter
                                                                     “J” (the first letter of the Company’s
                                                                     name) reflects the long journey and
                                                                     the increasingly dynamic image of the
                                                                     Company.



                                                                     Bola berwarna biru menunjukkan bahwa
                                                                     Jasa Marga menuju perusahaan yang
                                                                     berstandar global.
                                                                     The blue ball shows that Jasa Marga is
                                                                     heading for a company that has global
                                                                     standards.




                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                          121
Page 122
  Perubahan Logo                                           Logo Transformation

  Logo Perseroan merepresentasikan “brand” berbentuk       The Company's logo represents a "brand" in the form
  simbol atau lambang yang dikemas sesuai dengan           of symbol which is designed in accordance with the
  filosofi Perseroan agar mudah dikenali oleh para         Company's philosophy hence it is easily recognized
  pelanggan dan masyarakat luas. Hingga saat ini, logo     by customers and the wider community. To date, the
  Perseroan telah mengalami 2 (dua) kali perubahan         Company's logo has undergone 2 (two) changes, in
  yakni pada tahun 1993 dan 2007. Meskipun mengalami       1993 and 2007. Despite undergoing changes, the
  perubahan, Perseroan tidak menghilangkan simbol huruf    company has not eliminated the symbol of the letter "J,"
  “J” yang mencerminkan perjalanan historis Perseroan      reflecting the dynamic historical journey of the company
  yang semakin dinamis serta komitmen Perseroan untuk      and the commitment to consistently provide globally
  senantiasa memberikan layanan berstandar global, dan     standardized services. The company is evolving into a
  berkembang menjadi perusahaan yang modern dan            modern and professional entity within its industry.
  profesional diindustrinya.




122   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 123
                                                                 Profil Perusahaan
                                                                 Company Profile




Maskot Korporat                                          Corporate Mascot

Dalam rangka mendekatkan “brand” Jasa Marga kepada       In order to bring Jasa Marga "brand" closer to the wider
masyarakat luas dalam penyampaian informasi terkait      community in conveying information related to the Company
Perseroan serta meningkatkan efektivitas komunikasi      and increasing the effectiveness of visual communication,
visual, Perseroan memiliki maskot Bang Jasmar dan Sis    the Company has mascots Bang Jasmar and Sis Conni who
Conni yang banyak tampil di media sosial perusahaan,     appear frequently on the company's social media, such as
seperti Instagram, Facebook, Twitter, Youtube, dan       Instagram, Facebook, Twitter, Youtube and Tiktok as well
Tiktok serta Media Internal Perseroan seperti Miles      as Internal Company Media such as Miles Bulletin, Miles
Bulletin, Miles Photoboard dan Miles Magazine.           Photoboard and Miles Magazine.

Sebagai ikon representatif Roadster Jasa Marga, Bang     As representative icons of the Jasa Marga Roadster,
Jasmar dan Sis Conni senantiasa menerapkan tata nilai    Bang Jasmar and Sis Conni always apply AKHLAK values
AKHLAK (Amanah, Kompeten, Harmonis, Loyal, Adaptif       (Trustworthy, Competent, Harmonious, Loyal, Adaptive
dan Kolaboratif) dan menyampaikan beragam informasi      and Collaborative) and convey various information
tentang kegiatan korporasi, layanan jalan tol dan        about corporate activities, toll road services and other
informasi lainnya kepada stakeholder eksternal maupun    information to external and internal stakeholders.
internal. Penyampaian informasi dengan menggunakan       Delivering information using corporate mascot will
maskot korporat tersebut akan meningkatkan efektivitas   increase the effectiveness of communication regarding
komunikasi atas beragam informasi yang ingin             various information the Company wishes to convey.
disampaikan oleh Perseroan.




Bang Jasmar                                                                                 Sis Conni




                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                        123
Page 124
124   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 125
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       125
Page 126
  Perubahan Komposisi Dewan Komisaris
  dan Direksi di Tahun Buku 2023
  Changes in the Board of Commissioners and the Board of
  Directors Composition on 2023 Fiscal Year
  Pada tahun buku 2023, terdapat perubahan komposisi                         In the 2023 fiscal year, there were changes to the
  Dewan Komisaris dan Direksi Perseroan berdasarkan                          composition of the Company's Board of Commissioners
  keputusan Rapat Umum Pemegang Saham (RUPS) Luar                            and Board of Directors based on decision of the
  Biasa pada tanggal 08 Februari 2023, sebagai berikut:                      Extraordinary General Meeting of Shareholders (GMS)
                                                                             on February 8, 2023, as follows:

                       Komposisi Dewan Komisaris dan Direksi sebelum RUPS Luar Biasa pada tanggal 08 Februari 2023
                The Composition of the Board of Commissioners and Directors before the Extraordinary General Meeting on February 8, 2023



            Nama                                          Jabatan                                Dasar Pengangkatan Pertama Kali
             Name                                             Position                                 Basis of Initial Appointment
      Dewan Komisaris
      Board of Commissioners
      Yuswanda A.            Komisaris Utama/Komisaris Independen                      Keputusan RUPS Tahunan tanggal 11 Juni 2020
      Temenggung             President Commissioner/ Independent Commissioner          Decision of the Annual GMS on June 11, 2020
      Anita Firmanti Eko     Komisaris                                                 Keputusan RUPS Luar Biasa tanggal 5 September 2018
      Susetyowati            Commissioner                                              Decision of the Extraordinary GMS on September 5, 2018
      M. Roskanedi           Komisaris                                                 Keputusan RUPS Tahunan tanggal 27 Mei 2021
                             Commissioner                                              Decision of the Annual GMS on May 27, 2021
      Yohanes                Komisaris                                                 Keputusan RUPS Luar Biasa tanggal 27 Agustus 2021
      Baptista Satya         Commissioner                                              Decision of the Extraordinary GMS on August 27, 2021
      Sananugraha
      Raja Erizman           Komisaris                                                 Keputusan RUPS Tahunan tanggal 27 Mei 2021
                             Commissioner                                              Decision of the Annual GMS on May 27, 2021
      Zulfan Lindan          Wakil Komisaris Utama/Komisaris Independen                Keputusan RUPS Tahunan tanggal 11 Juni 2020
                             Vice President Commissioner/ Independent Commissioner     Decision of the Annual GMS on June 11, 2020
      Direksi
      Board of Directors
      Subakti Syukur         Direktur Utama                                            •   Keputusan RUPS Luar Biasa tanggal 29 Agustus 2016
                             President Director                                            (Periode Pertama)
                                                                                       •   Keputusan RUPS Tahunan tanggal 27 Mei 2021 juncto
                                                                                           Keputusan RUPS Luar Biasa tanggal 27 Agustus 2021
                                                                                           (Periode Kedua)
                                                                                       •   Decision of the Extraordinary GMS on August 29, 2026
                                                                                           (First Period)
                                                                                       •   Decision of the Annual GMS on May 27, 2021 juncto
                                                                                           Decision of the Extraordinary GMS on August 27, 2021
                                                                                           (Second Period)
      Ade Wahyu              Direktur Keuangan dan Manajemen Risiko                    Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                             Director of Finance and Risk Management                   Decision of the Extraordinary GMS on December 22, 2021
      Fitri Wiyanti          Direktur Operasi                                          Keputusan RUPS Tahunan tanggal 11 Juni 2020
                             Director of Operations                                    Decision of the Annual GMS on June 11, 2020
      Reza Febriano          Direktur Bisnis                                           Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                             Director of Business                                      Decision of the Extraordinary GMS on December 22, 2021
      Mohamad Agus           Direktur Pengembangan Usaha                               Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
      Setiawan               Director of Business Development                          Decision of the Extraordinary GMS on December 22, 2021
      Bagus Cahya            Direktur Human Capital dan Transformasi                   Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
      Arinta B.              Director of Human Capital and Transformation              Decision of the Extraordinary GMS on December 22, 2021




126      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 127
                                                                                   Profil Perusahaan
                                                                                   Company Profile




Adapun komposisi Dewan Komisaris dan Direksi setelah                     As for the structure of the Board of Commissioners and
RUPS Luar Biasa tanggal 08 Februari 2023 adalah                          Directors after the Extraordinary General Meeting on
sebagai berikut:                                                         February 08, 2024 is as follows:

                   Tabel Perubahan Komposisi Dewan Komisaris dan Direksi setelah RUPSLB 08 Februari 2023
           Table of Changes on the Board of Commissioners and the Board of Directors Composition after EGMS on February 08, 2023



            Nama                             Jabatan                                   Dasar Pengangkatan Pertama Kali
            Name                             Position                                            Basis of Initial Appointment
Dewan Komisaris
Board of Commissioners
Mohammad Zainal Fatah         Komisaris Utama                        Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              President Commissioner                 Decision of the Extraordinary GMS on February 08, 2023
M. Roskanedi                  Komisaris                              Keputusan RUPS Tahunan tanggal 27 Mei 2021
                              Commissioner                           Decision of the Annual GMS on May 27, 2021
Raja Erizman                  Komisaris                              Keputusan RUPS Tahunan tanggal 27 Mei 2021
                              Commissioner                           Decision of the Annual GMS on May 27, 2021
Chandra Wijaya                Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              Independent Commissioner               Decision of the Extraordinary GMS on February 08, 2023
Seppalga Ahmad                Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              Independent Commissioner               Decision of the Extraordinary GMS on February 08, 2023
Marsetio                      Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              Independent Commissioner               Decision of the Extraordinary GMS on February 08, 2023
Abdul Rachman                 Komisaris Independen                   Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              Independent Commissioner               Decision of the Extraordinary GMS on February 08, 2023
Direksi
Board of Directors
Subakti Syukur                Direktur Utama                         •    Keputusan RUPS Luar Biasa tanggal 29 Agustus 2016 (Periode
                              President Director                          Pertama)
                                                                     •    Keputusan RUPS Tahunan tanggal 27 Mei 2021 juncto
                                                                          Keputusan RUPS Luar Biasa tanggal 27 Agustus 2021 (Periode
                                                                          Kedua)
                                                                     •    Decision of the Extraordinary GMS on August 29, 2026 (First Period)
                                                                     •    Decision of the Annual GMS on May 27, 2021 juncto
                                                                          Decision of the Extraordinary GMS on August 27, 2021 (Second
                                                                          Period)
Reza Febriano                 Direktur Bisnis                        Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                              Director of Business                   Decision of the Extraordinary GMS on December 22, 2021
Bagus Cahya Arinta B.         Direktur Human Capital dan             Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                              Transformasi                           Decision of the Extraordinary GMS on December 22, 2021
                              Director of Human Capital and
                              Transformation
Fitri Wiyanti                 Direktur Operasi                       Keputusan RUPS Tahunan tanggal 11 Juni 2020
                              Director of Operations                 Decision of the Annual GMS on June 11, 2020
Mohamad Agus Setiawan         Direktur Pengembangan Usaha            Keputusan RUPS Luar Biasa tanggal 22 Desember 2021
                              Director of Business Development       Decision of the Extraordinary GMS on December 22, 2021
Pramitha Wulanjani            Direktur Keuangan dan Manajemen        Keputusan RUPS Luar Biasa tanggal 08 Februari 2023
                              Risiko                                 Decision of the Extraordinary GMS on February 08, 2023
                              Director of Finance and Risk
                              Management




Informasi Perubahan Komposisi Dewan
Komisaris dan Direksi Setelah Tahun Buku 2023
Information on Changes in the Board of Commissioners and the
Board of Directors Composition after 2023 Fiscal Year
Setelah tahun buku 2023 berakhir hingga penyampaian                      Following the end of 2023 fiscal year until delivery of this
laporan ini, tidak terdapat perubahan komposisi Dewan                    report, there were no changes in the composition of the
Komisaris dan Direksi.                                                   Board of Commissioners and Board of Directors.




                                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                          127
Page 128
128   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 129
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       129
Page 130
130   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 131
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       131
Page 132
132   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 133
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       133
Page 134
134   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 135
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       135
Page 136
136   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 137
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       137
Page 138
138   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 139
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       139
Page 140
140   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 141
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       141
Page 142
142   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 143
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       143
Page 144
144   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 145
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       145
Page 146
146   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 147
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       147
Page 148
148   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 149
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       149
Page 150
150   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 151
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       151
Page 152
152   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 153
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       153
Page 154
154   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 155
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       155
Page 156
156   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 157
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       157
Page 158
158   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 159
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       159
Page 160
160   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 161
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       161
Page 162
162   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 163
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       163
Page 164
164   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 165
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       165
Page 166
  Demografi Karyawan 2022-2023
  Employee Demography 2022-2023
  Jumlah Karyawan berdasarkan Tingkat Organisasi
  Total Employees by Organization Level
                                    Tabel Jumlah Karyawan berdasarkan Tingkat Organisasi Periode 2022-2023
                                                    Table of Total Employee by Organization Level Period 2022-2023


                                                                                                                                                                 (dalam satuan orang)
                                                                                                                                                                            (in person)

                                                                                  2023                                                               2022
              Tingkat Organisasi
                Organization Level                       Pria           Wanita           Jumlah                              Pria          Wanita           Jumlah
                                                                                                              %                                                                  %
                                                         Male            Female            Total                             Male           Female            Total

      Manajemen Puncak
                                                               59               25                 84              1,1              60              26                86              1,1
      Top Management
      Manajemen Madya
                                                               149              96             245                3,1             157              95             252                3,2
      Middle Management
      Manajemen Dasar
                                                             289                 77            366                4,6            293                88             381               4,8
      Basic Management
      Pelaksana
                                                           5.985            1.269            7.254              91,3          5.998             1.273            7.271             91,0
      Officers
      Total                                               6.482             1.467           7.949            100.0           6.508             1.482            7.990            100,0


  Keterangan/Description:
  Manajemen Puncak           :      Corporate Secretary & CAO, Senior Group Head, Group Head, Senior General Manager, Project Director, Direktur Anak Perusahaan,
  Top Management                    Project Director, Advisor, Senior Expert, Senior Auditor
                                    Corporate Secretary & CAO, Senior Group Head, Group Head, Senior General Manager, Project Director, Subsidiaries Directors, Project
                                    Director, Advisor, Senior Expert, Senior Auditor
  Manajemen Madya            :      Department Head, Senior Manager, Project Leader, Project Manager, Koordinator Area, Koordinator Bidang, Koordinator Program, Senior
  Middle Management                 Specialist, Expert, Auditor
                                    Department Head, Senior Manager, Project Leader, Project Manager, Area Coordinator, Field Coordinator, Coordinator Program, Senior
                                    Specialist, Expert, Auditor
  Manajemen Dasar            :      Section Head, Specialist
  Basic Management
  Pelaksana                  :      Assistant, Treasurer, Senior Officer Treasurer, Senior Officer, Officer, Supervisor, Customer Service, Mobile Customer Service, Traffic Information
  Officers                          Center Communicator, Rescue, Ambulan, Driver, Messenger



  Jumlah Karyawan berdasarkan Tingkat Pendidikan
  Total Employees by Education Level
                                    Tabel Jumlah Karyawan berdasarkan Tingkat Pendidikan Periode 2022-2023
                                                     Table of Total Employee by Education Level Period 2022-2023


                                                                                                                                                                 (dalam satuan orang)
                                                                                                                                                                            (in person)

                                                                                  2023                                                               2022
              Tingkat Pendidikan
                  Education Level                        Pria           Wanita           Jumlah                              Pria          Wanita           Jumlah
                                                                                                              %                                                                  %
                                                         Male            Female            Total                             Male           Female            Total

      S3
                                                                  -                -                -                -               -                -                -                  -
      Ph.D
      S2
                                                               116              63              179               2,3               97              37             134               1,7
      Master’s Degree
      Sarjana dan Sederajat
                                                            1.658             545           2.203               27,7           1.521             524            2.045             25,6
      Bachelor's Degree
      Diploma
                                                               176               51            227                2,9            155               42              197               2,5
      Diploma Degree
      SLTA
                                                           4.532              808           5.340               67,2          4.726               879          5.605               70,2
      Senior High School
      Lainnya
                                                                  -                -                -             0,0               9                 -               9              0,1
      Others
      Total                                               6.482             1.467           7.949            100,0           6.508             1.482           7.990            100,0



166     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 167
                                                                                         Profil Perusahaan
                                                                                         Company Profile




Jumlah Karyawan berdasarkan Status Kepegawaian
Total Employees by Employment Status
                                Tabel Jumlah Karyawan berdasarkan Jenis Kelamin Periode 2022-2023
                                               Table of Total Employees by Gender Period 2022-2023


                                                                                                                                           (dalam satuan orang)
                                                                                                                                                      (in person)

                                                                   2023                                                         2022
        Status Kepegawaian
           Employment Status                  Pria         Wanita        Jumlah                            Pria        Wanita         Jumlah
                                                                                          %                                                              %
                                              Male         Female         Total                            Male         Female          Total
Karyawan Tetap
                                                3.992          1.030        5.022           63,2            4.275           1.087         5.362              67,1
Permanent Employees
Karyawan Tidak Tetap (Kontrak)
                                                2.490            437        2.927           36,8            2.233            395          2.628            32,9
Non-Permanent Employees (Contract)
Trainee*                                             12             11            23          0,3                  3             3               6              0,1
Total                                           6.494         1.478         7.972         100,0              6.511         1.485          7.996           100,0
*) Trainee merupakan calon karyawan Perseroan dalam masa percobaan dengan status kepegawaian di luar karyawan tetap maupun karyawan tidak tetap/kontrak.
*) Trainee is the Company's employee candidate under probation with the employment status of outside of permanent or contract employee.



Jumlah Karyawan berdasarkan Rentang Usia
Total Employees by Age Group
                                 Tabel Jumlah Karyawan berdasarkan Rentang Usia Periode 2022-2023
                                              Table of Total Employee by Age Group Period 2022-2023


                                                                                                                                           (dalam satuan orang)
                                                                                                                                                      (in person)

                                                                   2023                                                         2022
            Rentang Usia
              Age Group                       Pria         Wanita        Jumlah                            Pria        Wanita         Jumlah
                                                                                          %                                                              %
                                              Male         Female         Total                            Male         Female          Total

20-24                                            1.209          239          1.448            18,2            1.131          248           1.379             17,3

25-29                                             1.197         339          1.536            19,3           1.425           395           1.820           22,8
30-34                                            1.455           371         1.826          23,0             1.333           309           1.642           20,6
35-39                                             596             98          694              8,7             491             80            571                 7,1

40-44                                             279             70          349             4,4             326              89            415                5,2
45-49                                              743           198           941            11,8            830             186           1.016            12,7
50-54                                             844            109          953             12,0            826             135            961             12,0
>54                                                159            43          202             2,5              146             40            186                2,3
Total                                           6.482         1.467         7.949         100,0             6.508          1.482          7.990           100,0


Jumlah Karyawan berdasarkan Masa Kerja
Total Employees by Working Period
                                  Tabel Jumlah Karyawan berdasarkan Masa Kerja Periode 2022-2023
                                               Table of Total Employee by Working Period 2022-2023


                                                                                                                                           (dalam satuan orang)
                                                                                                                                                      (in person)

                                                                   2023                                                         2022
        Masa Kerja (Tahun)
        Working Period (Years)                Pria         Wanita        Jumlah                            Pria        Wanita         Jumlah
                                                                                          %                                                              %
                                              Male         Female         Total                            Male         Female          Total
<3                                               2.160           412        2.572           32,4            2.279            423           2.702           33,8
4-5                                               700            101           801            10,1            492              70           562                 7,0
6-10                                            2.207           562          2.769          34,8            2.268            596          2.864            35,8
11-15                                                81           61           142             1,8                46           29               75              0,9
16-20                                                35           12              47          0,6                 36            14              50              0,6
21-25                                             456            110          566              7,1            460              121           581                7,3
26-30                                             558            124          682             8,6             606              110           716                9,0
>30                                               285             85          370              4,7             321             119           440                5,5
Total                                           6.482         1.467         7.949         100,0             6.508          1.482          7.990           100,0

                                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                       167
Page 168
  Jumlah Karyawan Berdasarkan Jenis Kelamin
  Total Employees by Gender
                                      Tabel Jumlah Karyawan berdasarkan Jenis Kelamin Periode 2022-2023
                                                       Table of Total Employees by Gender Period 2022-2023


                                                                                                                            (dalam satuan orang)
                                                                                                                                       (in person)


                 Jenis Kelamin
                                                                        2023                                        2022
                      Gender

      Pria
                                                                        6.482                                       6.508
      Male
      Wanita
                                                                         1.467                                      1.482
      Female
      Total                                                             7.949                                       7.990




  Pengembangan Kompetensi
  Competency Development

  Kebijakan Learning and Development                                              Learning and Development Policy

  Kebijakan learning and development menjadi salah                                Learning and development policy is one of the scopes
  satu ruang lingkup Talent Management yang bertujuan                             of Talent Management which aims to increase employee
  untuk meningkatkan kapasitas karyawan sehingga                                  capacity, hence the Company has high competitiveness
  Perseroan memiliki daya saing tinggi dalam mendorong                            in enhancing its performance growth. Employee
  pertumbuhan kinerjanya. Pengembangan kompetensi                                 competency development applies digital concept
  karyawan tersebut dilakukan dengan menerapkan                                   through JM Click active learning and in accordance with
  konsep digital melalui pembelajaran aktif JM-Click serta                        Learning Academy. Talent Development Management
  berdasarkan Learning Academy. Pengelolaan Talent                                in 2023 has the theme Utilizing Analytics in Business to
  Development tahun 2023 bertemakan Utilizing Analytics                           create business acceleration through high performing
  in Bussiness untuk menciptakan akselerasi bisnis melalui                        toll roads in the industrial era 4.0.
  high performing toll era industry 4.0.

  Di tahun 2023, program pelatihan prioritas korporasi                            In 2023, corporate priority training program targets
  menyasar pada Upskilling dan Reskilling serta Utilizing                         Upskilling and Reskilling as well as Utilizing employee
  kompetensi karyawan di bidang digital/data analytics.                           competencies in the digital/data analytics field.
  Program sesuai kebutuhan bisnis yang dikelompokkan                              Programs according to business needs grouped by
  berdasarkan learning academy (Project Development,                              learning academy (Project Development, Technological
  Technological Innovation, Leadership Development,                               Innovation, Leadership Development, Operational
  Operational Services, Business Support) juga tetap                              Services, Business Support) are also still being
  dilakukan. Untuk akselerasi peningkatan kompetensi                              implemented. To accelerate increasing employee
  karyawan, tahun 2023 ini program pengembangan juga                              competency, in 2023 the development program also
  difokuskan pada program Sertifikasi dan Beasiswa.                               focused on Certification and Scholarship programs.

  Di sepanjang tahun 2023, program-program yang telah                             Throughout 2023, programs that have been successfully
  berhasil dilaksanakan adalah sebagai berikut:                                   implemented are as follows:
  1. Road Runner Program, dimana adanya job                                       1. Road Runner Program, where there are job assignment
     assignment dan akselerasi ke jabatan yang dianggap                              and acceleration to positions that are considered
     lebih baik dan menantang serta diterapkan cross                                 better and more challenging as well as implementing
     mentoring. Kemudian adanya program learning from                                cross mentoring. Then there is a learning from others
     others melalui coaching dan mentoring melalui media                             program through coaching and mentoring via JM
     aplikasi JM-Click.                                                              Click application media.
  2. Program Sertifikasi meliputi Program Sertifikasi                             2. Certification programs include Human Capital
     Human Capital, Sertifikasi Audit, Sertifikasi Information                       Certification Program, Audit Certification, Information
     Technology, Sertifikasi Bidang Risiko, serta Sertifikasi                        Technology Certification, Risk Sector Certification,
     Procurement.                                                                    and Procurement Certification.

168     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 169
                                                                             Profil Perusahaan
                                                                             Company Profile




3. Program Pelatihan di Bidang Data Analytic yang                  3. Training Programs in Data Analytics aimed at
   ditujukan untuk karyawan Operasional maupun Non                    Operational and Non-Operational employees, such as
   Operasional, seperti Pelatihan Basic seperti MS                    Basic Training such as MS Office, as well as applied
   Office, maupun aplikasi terapan seperti Power BI,                  applications such as Power BI, IT Audit, and others.
   Audit IT, dan lainnya.
4. Program JM Talk dan Webinar dengan peserta internal             4. JM Talk and Webinar programs with internal and
   maupun eksternal Perseroan yang mengundang                         external participants of the Company who invite
   Narasumber handal di bidangnya yang dilakukan                      reliable resource persons in their fields which carried
   secara online maupun hybrid dengan pengelolaan                     out online or hybrid with online system management
   online system dari internal / studio JMLI.                         from JMLI's internal / studio.
5. Program Beasiswa Internal Dalam Negeri dan Internal             5. Internal Domestic and Internal Overseas Scholarship
   Luar Negeri serta Beasiswa Eksternal Perseroan yang                Program as well as Company External Scholarship
   diikuti oleh Roadster Jasa Marga.                                  participated in by Jasa Marga Roadster.
6. Program Rosela yang merupakan program konseling                 6. Rosela Program, a counseling program designed
   yang dirancang oleh Perseroan untuk membantu                       by the Company to help employees learn more
   karyawan mempelajari cara yang lebih konstruktif                   constructive ways of dealing with problems.
   dalam menangani permasalahan.
7. Program Learning Journey Rekrutmen Bersama                      7. Learning Journey Program for Recruitment with SOE
   BUMN yang sedang melakukan Job assisgment di                       which is currently carrying out Job Assisgnment in
   Unit Kerja.                                                        Work Units.

Human capital memainkan peran penting bagi Perseroan               Human capital plays important role for the Company
untuk mewujudkan visi dan misinya. Sehingga, program               to realize its vision and mission. Thus, the competency
pengembangan kompetensi menjadi salah satu prioritas               development program is one of the Company's
utama Perseroan dalam menjalankan bisnisnya agar                   main priorities in running its business, hence is able
mampu menghadapi beragam tantangan bisnis dan                      to face various business challenges and increase
meningkatkan daya saingnya.                                        competitiveness.

Kebijakan pengembangan kompetensi karyawan di                      Policy for employee competency development within
lingkungan Perseroan diatur dalam Keputusan Direksi                the Company is regulated in the Decision of the Board
No. 11/KPTS/2020 tentang Jasa Marga Learning Wallet.               of Directors No. 11/KPTS/2020 on Jasa Marga Learning
                                                                   Wallet.

                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                             Table of Training Based on Employee Group



                                                                                                                                Persentase
                                                                                                Jumlah Peserta dari
                                                                                                                                 Golongan
                                                                        Jumlah                  Golongan Karyawan
                                                                                                                              Karyawan yang
                                                                       Pelatihan                  yang Mengikuti
             Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                      Tahun 2023               Pelatihan Tahun 2023
                 Employee Group/Type of Training                                              Number of Participant
                                                                                                                                 Pelatihan
                                                                       Number of                                                Percentage of
                                                                                           from Employee Group Who
                                                                     Training in 2023                                          Employee Group
                                                                                           Participated in the Training
                                                                                                                                 Participated
                                                                                                     in 2023
                                                                                                                                in the Training

BOC
GRC Masterclass Program 2023 : ESG for Auditor                        1 kelas/ class                      2                           29%

GRC Masterclass Program 2023 : ESG for Boards – Governance            1 kelas/ class                      4                           57%
of ESG
GRC Masterclass Program 2023 : GRC Integrated Information             1 kelas/ class                      3                           43%
For Supervisionary Board
GRC Masterclass Program 2023 : Introduction to ESG & IFC              1 kelas/ class                      1                            14%
Performance Standards
GRC Masterclass Program 2023 : Joint Venture between SOE              1 kelas/ class                      3                           43%
and Private Sector
GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan             1 kelas/ class                      2                           29%
Efek Bersifat Utang & Sukuk (EBUS)
GRC Masterclass Program 2023: Rating & Issuance of Debt
Securities & Sukuk (EBUS)
GRC Masterclass Program 2023 : Pre IPO dan Post IPO                   1 kelas/ class                      2                           29%
GRC Masterclass Program 2023: Pre IPO and Post IPO


                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    169
Page 170
                                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                                              Table of Training Based on Employee Group



                                                                                                                                           Persentase
                                                                                                           Jumlah Peserta dari
                                                                                                                                            Golongan
                                                                                         Jumlah            Golongan Karyawan
                                                                                                                                         Karyawan yang
                                                                                        Pelatihan            yang Mengikuti
                       Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                       Tahun 2023         Pelatihan Tahun 2023
                            Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                            Pelatihan
                                                                                        Number of                                         Percentage of
                                                                                                          from Employee Group Who
                                                                                      Training in 2023                                   Employee Group
                                                                                                          Participated in the Training
                                                                                                                                           Participated
                                                                                                                    in 2023
                                                                                                                                          in the Training

      GRC Masterclass Program 2023 : Risk Management                                   1 kelas/ class                  2                      29%
      Effectiveness Evaluation
      GRC Masterclass Program 2023 : Sosialisasi Pemeringkatan                         1 kelas/ class                  3                      43%
      BUMN & Anak Perusahaan BUMN
      GRC Masterclass Program 2023: Socialization of SOEs Ratings &
      SOEs Subsidiaries
      Kelas Khusus Sertifikasi Indonesia Internal Audit Practitioner                   1 kelas/ class                  1                       14%
      (IIAP)
      Special Certification Class of Indonesian Internal Audit
      Practitioner (IIAP)
      Sharing Session AKHLAK BUMN : Peran Budaya AKHLAK dalam                          1 kelas/ class                  1                      14%
      Menyukseskan Transformasi Organisasi dan Peningkatan Kinerja
      Perusahaan
      AKHLAK SOEs Sharing Session: The Role of AKHLAK Culture
      in Successful Organizational Transformation and Improving
      Company Performance
      Sosialisasi IFRS Sustainability Disclosure Standards                             1 kelas/ class                  1                       14%
      Socialization of IFRS Sustainability Disclosure Standards
      The IIA Indonesia National Conference dan Lokakarya                              1 kelas/ class                  2                      29%
      The IIA Indonesia National Conference and Workshop
      Training Chief Human Resource Officers School Tahun 2023                         1 kelas/ class                  1                       14%
      Chief Human Resource Officers School Training 2023
      Workshop Finon & Sustainability Reporting For Executive Level                    1 kelas/ class                  1                      14%
      BOD
      Asia Australia Road Conference (REAAA 2023)                                      1 kelas/ class                  1                       17%

      GRC Masterclass Program 2023 : ESG for Boards – Governance                       1 kelas/ class                  2                      33%
      of ESG
      GRC Masterclass Program 2023 : GRC Integrated Information                        1 kelas/ class                  2                      33%
      For Supervisionary Board
      GRC Masterclass Program 2023 : Joint Venture between SOE                         1 kelas/ class                  2                      33%
      and Private Sector
      GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan                        1 kelas/ class                  1                       17%
      Efek Bersifat Utang & Sukuk (EBUS)
      GRC Masterclass Program 2023: Rating & Issuance of Debt
      Securities & Sukuk (EBUS)
      GRC Masterclass Program 2023 : Pre IPO dan Post IPO                              1 kelas/ class                  1                       17%
      GRC Masterclass Program 2023: Pre IPO and Post IPO
      GRC Masterclass Program 2023 : Risk Management                                   1 kelas/ class                  1                       17%
      Effectiveness Evaluation
      GRC Masterclass Program 2023 : Sosialisasi Pemeringkatan                         1 kelas/ class                  2                      33%
      BUMN & Anak Perusahaan BUMN
      GRC Masterclass Program 2023: Socialization of SOEs Ratings &
      SOEs Subsidiaries
      Pelatihan dan Sertifikasi Qualified Risk Governance Professional                 1 kelas/ class                  1                       17%
      (QRGP)
      Training and Certification of Qualified Risk Governance
      Professional




170      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 171
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Sosialisasi IFRS Sustainability Disclosure Standards Team              1 kelas/ class                      1                           17%
Building JM Executive Summit 2023
Socialization of IFRS Sustainability Disclosure Standards Team
Building JM Executive Summit 2023
Team Building JM Executive Summit 2023                                 1 kelas/ class                      2                           33%
BOD-1
Pelatihan Sinergi SKJM dan Manajemen Untuk Tingkatkan                  1 kelas/ class                      1                            1%
Sustainability dan Resiliensi Bisnis Perusahaan
SKJM and Management Synergy Training to Increase Company
Business Sustainability and Resilience
Asia Australia Road Conference (REAAA 2023)                            1 kelas/ class                      2                            2%

Certified Internal Audit Executive (CIAE) Batch 1                      1 kelas/ class                      1                            1%

Certified Lead Auditor Anti Bribery Management Management              1 kelas/ class                      2                            2%
System ISO 37001:2016
Certified Procurement Specialist (CPSP)                                1 kelas/ class                      1                            1%
Digital Information Summit Indonesia                                   1 kelas/ class                      1                            1%
Diklat Manajemen Umum Dana Pensiun (Private Class)                     1 kelas/ class                      1                            1%
General Management Training for Pension Fund (Private Class)
Festival Ekonomi Keuangan Digital Indonesia (FEKDI) 2023               1 kelas/ class                      1                            1%
“Synergy and Innovation of Digital Economy: Fostering Growth”
Indonesian Digital Financial Economy Festival (FEKDI) 2023
"Synergy and Innovation of Digital Economy: Fostering Growth"
GRC Masterclass Program 2023 : ESG for Auditor                         1 kelas/ class                      2                            2%
GRC Masterclass Program 2023 : ESG for Boards – Governance             1 kelas/ class                      2                            2%
of ESG
GRC Masterclass Program 2023 : Introduction to ESG & IFC               1 kelas/ class                      2                            2%
Performance Standards
GRC Masterclass Program 2023 : Joint Venture between SOE               1 kelas/ class                      1                            1%
and Private Sector
GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan              1 kelas/ class                      1                            1%
Efek Bersifat Utang & Sukuk (EBUS)
GRC Masterclass Program 2023: Rating & Issuance of Debt
Securities & Sukuk (EBUS)
GRC Masterclass Program 2023 : Pre IPO and Post IPO                    1 kelas/ class                      1                            1%
GRC Masterclass Program 2023 : Risk Management                         1 kelas/ class                      3                            4%
Effectiveness Evaluation
GRC Masterclass Program 2023 : Sosialisasi Pemeringkatan               1 kelas/ class                      3                            4%
BUMN & Anak Perusahaan BUMN
GRC Masterclass Program 2023: Socialization of SOEs Ratings &
SOEs Subsidiaries
Harmonisasi Regulasi dan Penerapan Tata Kelola yang Baik               1 kelas/ class                      3                            4%
Menuju Dana Pensiun yang Sehat
Harmonization of Regulation and Implementation of Good
Governance Towards Healthy Pension Fund
Industrial & Employee Relations Conference 2023 “Advancing             1 kelas/ class                      3                            4%
The World of Work Through Sustainable Business Enterprise”
Konferensi Nasional 2023                                               1 kelas/ class                      1                            1%
2023 National Conference




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     171
Page 172
                                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                                              Table of Training Based on Employee Group



                                                                                                                                           Persentase
                                                                                                           Jumlah Peserta dari
                                                                                                                                            Golongan
                                                                                         Jumlah            Golongan Karyawan
                                                                                                                                         Karyawan yang
                                                                                        Pelatihan            yang Mengikuti
                       Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                       Tahun 2023         Pelatihan Tahun 2023
                            Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                            Pelatihan
                                                                                        Number of                                         Percentage of
                                                                                                          from Employee Group Who
                                                                                      Training in 2023                                   Employee Group
                                                                                                          Participated in the Training
                                                                                                                                           Participated
                                                                                                                    in 2023
                                                                                                                                          in the Training

      Pelatihan Aplikasi JM Pintar                                                     1 kelas/ class                  1                       1%
      Training for JM Pintar Application
      Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO                    1 kelas/ class                  1                       1%
      45001:2018 & SMK3 Tahun 2023 Batch 2
      Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
      45001:2018 & SMK3 Year 2023 Batch 2
      Pelatihan Awareness Sistem Manajemen Anti Penyuapan Tahun                        1 kelas/ class                  1                       1%
      2023
      Training for Anti-Bribery Management System Awareness 2023
      Pelatihan dan Sertifikasi Certified Procurement Specialist (CPSp)                1 kelas/ class                  1                       1%
      Certified Procurement Specialist (CPSp) Training and Certification
      Pelatihan dan Sertifikasi QIA Tingkat Pra-Manajerial                             1 kelas/ class                  1                       1%
      Training and Certification for Pre-Managerial Level QIA
      Pelatihan dan Sertifikasi Qualified Chief Risk Officer (QCRO)                    1 kelas/ class                 13                      15%
      Training and Certification for Qualified Chief Risk Officer (QCRO)
      Pelatihan Program CHRO SCHOOL FHCI Tahun 2023                                    1 kelas/ class                  1                       1%
      Training for FHCI CHRO SCHOOL Program 2023
      Pelatihan QIA Manajerial KSPI                                                    1 kelas/ class                  1                       1%
      Training for KSPI Managerial QIA
      Pelatihan Standar Audit Internal & Kode Etik Profesi (SAKEP)                     1 kelas/ class                  1                       1%
      Training on Internal Audit Standards & Professional Code of
      Ethics (SAKEP)
      Penanganan Kerusakan Beton Struktur dan Kerusakan                                1 kelas/ class                  2                       2%
      Perkerasan Jalan Beton Semen (Rigid Pavement)
      Handling of Structural Concrete Damage and Rigid Pavement
      Damage
      Seminar Chief Business Development Officers (CBDO)                               1 kelas/ class                  1                       1%
      Innovation School Tahun 2023
      Innovation School Chief Business Development Officers (CBDO)
      Seminar in 2023
      Seminar Geopolitik dan Geostrategi Indonesia RISE 2045                           1 kelas/ class                  1                       1%
      RISE 2045 Indonesian Geopolitics and Geostrategy Seminar
      Seminar Nasional dan Pengukuhan Gelar Kompetensi Auditor                         1 kelas/ class                  1                       1%
      Internal
      National Seminar and Inauguration of Internal Auditor
      Competency Degree
      Seminar Teknik Jalan Peningkatan Kualitas Konstruksi Jalan &                     1 kelas/ class                  1                       1%
      jembatan
      Road Engineering Seminar on Improving the Quality of Road &
      Bridge Construction
      Sertifikasi PII 2023                                                             1 kelas/ class                  6                       7%
      PII Certification 2023
      Sertifikasi Qualified Internal Auditor (QIA) Tingkat Manajerial                  1 kelas/ class                  1                       1%
      Managerial Level Qualified Internal Auditor (QIA) Certification
      Sharing Session AKHLAK BUMN : Peran Budaya AKHLAK dalam                          1 kelas/ class                  6                       7%
      Menyukseskan Transformasi Organisasi dan Peningkatan Kinerja
      Perusahaan
      AKHLAK SOEs Sharing Session: The Role of AKHLAK Culture
      in Successful Organizational Transformation and Improving
      Company Performance




172      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 173
                                                                             Profil Perusahaan
                                                                             Company Profile




                                        Tabel Pelatihan berdasarkan Golongan Karyawan
                                             Table of Training Based on Employee Group



                                                                                                                                Persentase
                                                                                                Jumlah Peserta dari
                                                                                                                                 Golongan
                                                                        Jumlah                  Golongan Karyawan
                                                                                                                              Karyawan yang
                                                                       Pelatihan                  yang Mengikuti
             Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                      Tahun 2023               Pelatihan Tahun 2023
                 Employee Group/Type of Training                                              Number of Participant
                                                                                                                                 Pelatihan
                                                                       Number of                                                Percentage of
                                                                                           from Employee Group Who
                                                                     Training in 2023                                          Employee Group
                                                                                           Participated in the Training
                                                                                                                                 Participated
                                                                                                     in 2023
                                                                                                                                in the Training

Sharing Session Compliance & Governance bidang                        1 kelas/ class                      11                           13%
Pengembangan Usaha Jalan Tol
Sharing Session Compliance & Governance in the Toll Road
Business Development
Sharing Session Jamdatun - Business Judgement Rule BUMN               1 kelas/ class                     49                           58%
dalam Investasi
Sharing Session Jamdatun - Business Judgment Rule for SEO in
Investment
Sharing Session Prosedur Kondisi Darurat (Batch 1)                    1 kelas/ class                      1                            1%
Sharing Session Emergency Procedures (Batch 1)
Team Building JM Executive Summit 2023                                1 kelas/ class                     75                           88%

The 3nd Indonesian Conferences & Competition Occupational             1 kelas/ class                      1                            1%
Safety and Health (ICC-OSH) 2023
The IIA Indonesia National Conference and Lokakarya                   1 kelas/ class                      1                            1%

Training Internal Control COSO - 2013                                 1 kelas/ class                      1                            1%

Webinar HPJI - Peningkatan Produktivitas Proyek Konstruksi Lean       1 kelas/ class                      2                            2%
Construction dan Digital Construction dalam Proyek Jalan dan
Jembatan
HPJI Webinar - Increasing Construction Project Productivity of
Lean Construction and Digital Construction in Road and Bridge
Projects
Webinar HPJI JABAR "Permasalahan dan Teknologi Penanganan             1 kelas/ class                      1                            1%
Timbunan Jalan Pada Tanah Problematik"
HPJI JABAR Webinar "Problem and Technology for Handling
Road Piles on Problematic Soil"
Webinar Metode Perencanaan dan Pelaksanaan Konstruksi                 1 kelas/ class                      1                            1%
Jembatan
Webinar on Planning and Implementation Method for Bridge
Construction
Webinar Penulisan Karya Ilmiah REAAA 2023                             1 kelas/ class                      1                            1%
REAAA Scientific Writing Webinar 2023
Webinar Series “The Future of International Banking:                  1 kelas/ class                      3                            4%
Opportunities and Challenges Ahead”
Webinar Tunnel Jacking HPJI                                           1 kelas/ class                      2                            2%

Workshop BUMN Spokesperson Masterclass "Becoming a Bold               1 kelas/ class                      2                            2%
Spokeperson in Society"
Workshop dan Focus Group Discussion (FGD) Penentuan Topik             1 kelas/ class                      17                          20%
Material Sustainability Report Tahun 2023 (Batch 1)
Workshop and Focus Group Discussion (FGD) on Determining
The Material Sustainability Report Topic for 2023 (Batch 1)
Workshop Pengukuran Dampak Program TJSL dengan Metode                 1 kelas/ class                      1                            1%
Social Return on Investment (SROI)
Workshop on Measuring The Impact of The TJSL Program using
Social Return on Investment (SROI) Method
Workshop Personal Effectiveness With Myers Briggs Type                1 kelas/ class                     87                           102%
Indicator (MBTI)
Workshop Psikologi dan Komunikasi Dalam Audit Online                  1 kelas/ class                      2                            2%
Psychology and Communication Workshop in Online Auditing
Pelatihan Audit Internal SMAP
Audit Internal SMAP Training




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    173
Page 174
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      BOD-2
      Pelatihan Investigasi dan Pemeriksaan Pelanggaran Disiplin                      1 kelas/ class                 10                       4%
      Disciplinary Violation Investigation and Examination Training
      Pelatihan Sinergi SKJM dan Manajemen Untuk Tingkatkan                           1 kelas/ class                  5                       2%
      Sustainability dan Resiliensi Bisnis Perusahaan
      SKJM and Management Synergy Training to Increase Company
      Business Sustainability and Resilience
      Analyzing & Improving Business Processes                                        1 kelas/ class                  2                       1%
      Asia Australia Road Conference (REAAA 2023)                                     1 kelas/ class                  2                       1%
      BIM Supported Project Scope Management                                          1 kelas/ class                  4                       2%

      Certified Internal Audit Executive (CIAE) Batch 2                               1 kelas/ class                  1                       0%

      Certified Lead Auditor Anti Bribery Management Management                       1 kelas/ class                  2                       1%
      System ISO 37001:2016
      Certified Lead Implementer Compliance Management System                         1 kelas/ class                  1                       0%
      ISO 37301:2021
      Certified Procurement Specialist (CPSP)                                         1 kelas/ class                  2                       1%

      Connecting Digital Strategy and Ambidextrous Leadership to                      1 kelas/ class                  2                       1%
      Accelerate Business Growth
      Digital Information Summit Indonesia                                            1 kelas/ class                  2                       1%

      Digital Learning Bootcamp: Develop “Fit, Fast, and Fun” Digital                 1 kelas/ class                  1                       0%
      Learning
      Diklat Manajemen Umum Dana Pensiun                                              1 kelas/ class                  1                       0%
      General Management Training for Pension Fund
      ESG Training: How to Implement ESG to be A Sustainability Way                   1 kelas/ class                  1                       0%
      of The Organization
      GRC Masterclass Program 2023 : ESG for Auditor                                  1 kelas/ class                  2                       1%
      GRC Masterclass Program 2023 : ESG for Boards – Governance                      1 kelas/ class                  2                       1%
      of ESG
      GRC Masterclass Program 2023 : GRC Integrated Information                       1 kelas/ class                  2                       1%
      For Supervisionary Board
      GRC Masterclass Program 2023 : Introduction to ESG & IFC                        1 kelas/ class                  2                       1%
      Performance Standards
      GRC Masterclass Program 2023 : Joint Venture between SOE                        1 kelas/ class                  6                       2%
      and Private Sector
      GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan                       1 kelas/ class                  1                       0%
      Efek Bersifat Utang & Sukuk (EBUS)
      GRC Masterclass Program 2023: Rating & Issuance of Debt
      Securities & Sukuk (EBUS)
      GRC Masterclass Program 2023 : Pre IPO dan Post IPO                             1 kelas/ class                  1                       0%
      GRC Masterclass Program 2023: Pre IPO and Post IPO
      GRC Masterclass Program 2023 : Risk Management                                  1 kelas/ class                  6                       2%
      Effectiveness Evaluation
      GRC Masterclass Program 2023 : Sosialisasi Pemeringkatan                        1 kelas/ class                  2                       1%
      BUMN & Anak Perusahaan BUMN
      GRC Masterclass Program 2023: Socialization of SOE Ratings &
      SOE Subsidiaries




174     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 175
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Harmonisasi Regulasi dan Penerapan Tata Kelola yang Baik               1 kelas/ class                      2                            1%
Menuju Dana Pensiun yang Sehat
Harmonization of Regulation and Implementation of Good
Governance Towards Healthy Pension Fund
HR Concert (Seminar & Music)                                           1 kelas/ class                      1                            0%
I2LI Modul Talent & Knowledge Management Batch 3                       1 kelas/ class                      1                            0%
I2LI Talent & Knowledge Management Batch 4                             1 kelas/ class                      1                            0%
I2LI Talent & Knowledge Management Batch 5                             1 kelas/ class                      1                            0%

Industrial & Employee Relations Conference 2023 “Advancing             1 kelas/ class                      2                            1%
The World of Work Through Sustainable Business Enterprise”
Infrastructure Webinar Series                                          1 kelas/ class                      4                            2%

Learning Boot Camp, Pengelola Corporate University                     1 kelas/ class                      1                            0%
Learning Boot Camp, Corporate University Management
Pelatihan Quality Assurance of Internal Audit Function                 1 kelas/ class                      1                            0%
Training on Quality Assurance of Internal Audit Function
Pelatihan Aplikasi JM Pintar                                           1 kelas/ class                      2                            1%
Training for JM Pintar Application
Pelatihan Audit Internal Sistem Manajemen Anti Penyuapan               1 kelas/ class                      17                           7%
(SMAP)
Anti-Bribery Management System (SMAP) Internal Audit Training
Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO          1 kelas/ class                      6                            2%
45001:2018 & SMK3 Tahun 2023 Batch 1
Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
45001:2018 & SMK3 Year 2023 Batch 1
Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO          1 kelas/ class                      8                            3%
45001:2018 & SMK3 Tahun 2023 Batch 2
Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
45001:2018 & SMK3 Year 2023 Batch 1
Pelatihan Awareness Sistem Manajemen Anti Penyuapan Tahun              1 kelas/ class                      9                            4%
2023
Training for Anti-Bribery Management System Awareness 2023
Pelatihan dan Sertifikasi Certified Procurement Specialist (CPSp)      1 kelas/ class                      6                            2%
Certified Procurement Specialist (CPSp) Training and Certification
Pelatihan dan Sertifikasi Certified Risk Associate (CRA) Batch 2       1 kelas/ class                      3                            1%
Training and Certification on Certified Risk Associate (CRA) Batch
2
Pelatihan dan Sertifikasi Certified Risk Professional (CRP)            1 kelas/ class                      10                           4%
Training and Certification on Certified Risk Professional (CRP)
Pelatihan dan Sertifikasi Certified Risk Professional (CRP) TAP        1 kelas/ class                      1                            0%
Kapital
Training and Certification for Certified Risk Professional (CRP)
TAP Kapital
Pelatihan dan Sertifikasi Qualified Internal Audit (QIA) Tingkat       1 kelas/ class                      1                            0%
Dasar
Basic Level Qualified Internal Audit (QIA) Training and
Certification
Pelatihan dan Sertifikasi Qualified Internal Audit (QIA) Tingkat       1 kelas/ class                      1                            0%
Lanjutan
Advanced Qualified Internal Audit (QIA) Training and Certification




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     175
Page 176
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      Pelatihan Dasar-dasar Perencanaan dan Pemodelan Transportasi                    1 kelas/ class                 21                       8%
      Training on The Basics of Transportation Planning and Modeling
      Pelatihan Fraud Auditing 1                                                      1 kelas/ class                  1                       0%
      Fraud Auditing Training 1
      Pelatihan Fraud Auditing 2                                                      1 kelas/ class                  1                       0%
      Fraud Auditing Training 2
      Pelatihan Housing and Property Management I2LI Batch 2                          1 kelas/ class                  2                       1%
      I2LI Batch 2 Housing and Property Management Training
      Pelatihan Investigasi dan Pemeriksaan Pelanggaran Disiplin                      1 kelas/ class                  1                       0%
      Disciplinary Violation Investigation and Examination Training
      Pelatihan Kompetensi Teknis Kearsipan (PKTK) : Penyusutan                       1 kelas/ class                  1                       0%
      Arsip Negara dan Dokumen Perusahaan Pada Era SPBE
      Training for Technical Competency on Archives (PKTK):
      Depreciation of State Archives and Company Documents in The
      SPBE Era
      Pelatihan Mastering Capacity Management                                         1 kelas/ class                  1                       0%
      Mastering Capacity Management Training
      Pelatihan Metode Penulisan Inovasi di Lingkungan JM Group                       1 kelas/ class                  4                       2%
      (Offline)
      Training on Innovation Writing Methods in The JM Group
      Environment (Offline)
      Pelatihan Metode Penulisan Inovasi di Lingkungan JM Group                       1 kelas/ class                  1                       0%
      (Online)
      Training on Innovation Writing Methods in The JM Group
      Environment (Online)
      Pelatihan Pejabat Inti Satuan Kerja Batch 2                                     1 kelas/ class                  6                       2%
      Training for Core Officials of Work Unit Batch 2
      Pelatihan Pemahaman TKDN Bagi Para Pelaku Usaha                                 1 kelas/ class                  2                       1%
      TKDN Understanding Training for Businesses
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 8
      Training on SELIA (Self Initiative Assessment) Application Usage
      Batch 8
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 1
      Training on SELIA (Self Initiative Assessment) Application Usage
      Batch 1
      Pelatihan Power BI Dashboard Trafic Counting                                    1 kelas/ class                  3                       1%
      Training on The Power BI Dashboard Traffic Counting
      Pelatihan Purnabhakti Batch 38                                                  1 kelas/ class                  1                       0%
      Purnabhakti Training Batch 38
      Pelatihan SAP Group Reporting Batch 1                                           1 kelas/ class                  3                       1%
      SAP Group Reporting Batch 1 Training
      Pelatihan SAP Group Reporting Batch 2                                           1 kelas/ class                  3                       1%
      SAP Group Reporting Batch 2 Training
      Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama                        1 kelas/ class                  9                       4%
      Komite Nasional Keselamatan Transportasi (KNKT) Offline
      Joint Toll Road Safety Management System Offline Training with
      The National Transportation Safety Committee (KNKT)




176     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 177
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama               1 kelas/ class                      21                           8%
Komite Nasional Keselamatan Transportasi (KNKT) Online
Joint Toll Road Safety Management System Online Training with
The National Transportation Safety Committee (KNKT)
Pelatihan Tanggap Darurat di Lingkungan Kantor Pusat                   1 kelas/ class                      1                            0%
Emergency Response Training in The Head Office Environment
Penanganan Kerusakan Beton Struktur dan Kerusakan                      1 kelas/ class                      3                            1%
Perkerasan Jalan Beton Semen (Rigid Pavement)
Handling of Structural Concrete Damage and Rigid Pavement
Damage
Pencegahan korupsi dari tindak pidana pencucian uang untuk             1 kelas/ class                      1                            0%
mencapai good govermence
Prevention of corruption from money laundering crimes to
achieve good governance
Persiapan Lembaga & Badan Publik untuk Kepatuhan pada                  1 kelas/ class                      2                            1%
Perlindungan Data Pribadi
Preparation of Institution and Public Body for Compliance with
Personal Data Protection
Program Leadership Bootcamp BUMN Muda                                  1 kelas/ class                      3                            1%
Young SOE Leadership Bootcamp Program
Project Management I2LI Batch 6                                        1 kelas/ class                      1                            0%

Public Speaking "High Impact Presentation Skills Training              1 kelas/ class                      3                            1%
Program"
Refreshment dan Perpanjangan SKP dan Lisensi Ahli K3 Umum              1 kelas/ class                      1                            0%
Refreshment and Extension of SKP and General K3 Expert
License
Renewable Energy for The Sustainability of The Next Generation         1 kelas/ class                      1                            0%
Seminar Enterprise Analytics Summit 2023                               1 kelas/ class                      3                            1%
Enterprise Analytics Summit 2023 Seminar
Seminar Human Capital on Resilience Excellence Award 2023              1 kelas/ class                      1                            0%
Human Capital on Resilience Excellence Award 2023 Seminar
Seminar Nasional Audit Berbasis Risiko dan Audit Kinerja               1 kelas/ class                      1                            0%
National Seminar on Risk-Based Auditing and Performance Audit
Seminar Nasional dan Pengukuhan Gelar Kompetensi Auditor               1 kelas/ class                      1                            0%
Internal
National Seminar and Inauguration of Internal Auditor
Competency Degree
Seminar Penjaminan Mutu Desain Jembatan                                1 kelas/ class                      7                            3%
Seminar on Bridge Design Quality Assurance
Seminar Strategi Penyelesaian Perselisihan Kepentingan Pada            1 kelas/ class                      1                            0%
Perusahaan BUMN-BUMD
Seminar on Strategy for Resolving Interest Disputes in BUMN-
BUMD Companies
Seminar Teknik Jalan Peningkatan Kualitas Konstruksi Jalan &           1 kelas/ class                      1                            0%
jembatan
Seminar on Road Engineering on Improving The Quality of Road
& Bridge Construction
Sertifikasi PII 2023                                                   1 kelas/ class                     24                            9%
PII Certification 2023




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     177
Page 178
                                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                                              Table of Training Based on Employee Group



                                                                                                                                           Persentase
                                                                                                           Jumlah Peserta dari
                                                                                                                                            Golongan
                                                                                         Jumlah            Golongan Karyawan
                                                                                                                                         Karyawan yang
                                                                                        Pelatihan            yang Mengikuti
                       Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                       Tahun 2023         Pelatihan Tahun 2023
                            Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                            Pelatihan
                                                                                        Number of                                         Percentage of
                                                                                                          from Employee Group Who
                                                                                      Training in 2023                                   Employee Group
                                                                                                          Participated in the Training
                                                                                                                                           Participated
                                                                                                                    in 2023
                                                                                                                                          in the Training

      Sertifikasi Qualified Internal Auditor (QIA) Tingkat Manajerial                  1 kelas/ class                  3                       1%
      Managerial Level Qualified Internal Auditor (QIA) Certification
      Sharing Session Compliance & Governance bidang                                   1 kelas/ class                  6                       2%
      Pengembangan Usaha Jalan Tol
      Sharing Session Compliance & Governance in The Toll Road
      Business Development
      Sharing Session Jamdatun - Business Judgement Rule BUMN                          1 kelas/ class                  6                       2%
      dalam Investasi
      Sharing Session Jamdatun - Business Judgment Rule for BUMN
      in Investment
      Sharing Session Prosedur Kondisi Darurat (Batch 2)                               1 kelas/ class                  3                       1%
      Sharing Session on Emergency Condition Procedures (Batch 2)
      SHL Indonesia Conference 2023                                                    1 kelas/ class                  1                       0%

      Team Building JM Executive Summit 2023                                           1 kelas/ class                  1                       0%

      The 3nd Indonesian Conferences & Competition Occupational                        1 kelas/ class                  2                       1%
      Safety and Health (ICC-OSH) 2023
      The IIA Indonesia National Conference dan Lokakarya                              1 kelas/ class                  1                       0%
      The IIA Indonesia National Conference and Workshop
      Training Awareness Implementasi Sistem Manajemen Anti                            1 kelas/ class                  1                       0%
      Penyuapan (SMAP) Tahun 2023
      Awareness Training for Implementation of The Anti-Bribery
      Management System (SMAP) 2023
      Training Cash Flow & Treasury Management                                         1 kelas/ class                  1                       0%

      Training Chartered Financial Analyst Level 1                                     1 kelas/ class                  3                       1%

      Training High Level Training For Personal Data Protection Law                    1 kelas/ class                  1                       0%
      (PDPL) Implementation
      Ujian Perpanjangan Sertifikasi Pengadaan Certified Procurement                   1 kelas/ class                  1                       0%
      Specialist (CPSP)
      Procurement Certification Extension Test for Certified
      Procurement Specialist (CPSP)
      Update Ketentuan Pajak Terbaru dan Persiapan Perencanaan                         1 kelas/ class                  2                       1%
      Pajak 2024
      Update to The Latest Tax Provisions and Preparation for 2024
      Tax Planning
      Webinar HPJI - Peningkatan Produktivitas Proyek Konstruksi Lean                  1 kelas/ class                  3                       1%
      Construction dan Digital Construction dalam Proyek Jalan dan
      Jembatan
      HPJI Webinar - Increasing Construction Project Productivity of
      Lean Construction and Digital Construction in Road and Bridge
      Projects
      Webinar HPJI JABAR "Permasalahan dan Teknologi Penanganan                        1 kelas/ class                  2                       1%
      Timbunan Jalan Pada Tanah Problematik"
      HPJI JABAR Webinar "Problems and Technology for Handling
      Road Piles on Problematic Soil"
      Webinar Metode Perencanaan dan Pelaksanaan Konstruksi                            1 kelas/ class                  3                       1%
      Jembatan
      Webinar on Planning and Implementation Method for Bridge
      Construction
      Webinar Penulisan Karya Ilmiah REAAA 2023                                        1 kelas/ class                  3                       1%
      REAAA Scientific Writing Webinar 2023
      Webinar Tunnel Jacking HPJI                                                      1 kelas/ class                  4                       2%




178      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 179
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Workshop Arbitrase Transaksi Merger & Acquisition (M&A) dan            1 kelas/ class                      1                            0%
Joint Venture (JV)
Merger & Acquisition (M&A) and Joint Venture (JV) Transaction
Arbitration Workshop
Workshop Aspek Hukum Merger Akuisisi dan Konsolidasi                   1 kelas/ class                      1                            0%
Perusahaan
Workshop on Legal Aspect of Merger, Acquisition and Company
Consolidation
Workshop Building Information Modelling (BIM)                          1 kelas/ class                     44                            17%

Workshop dan Focus Group Discussion (FGD) Penentuan Topik              1 kelas/ class                     24                            9%
Material Sustainability Report Tahun 2023 (Batch 1)
Workshop and Focus Group Discussion (FGD) on Determining
The Material Topic of Sustainability Report 2023 (Batch 1)
Workshop dan Focus Group Discussion (FGD) Penentuan Topik              1 kelas/ class                     34                            13%
Material Sustainability Report Tahun 2023 (Batch 2)
Workshop and Focus Group Discussion (FGD) on Determining
The Material Topic of Sustainability Report 2023 (Batch 2)
Workshop Human Capital Framework 2023 "Strategi Bertahan               1 kelas/ class                      3                            1%
dan Bangkit Di Masa Depan"
Human Capital Framework Workshop 2023 "Strategy to Survive
and Rise in The Future"
Workshop Minimize The Risk of Managing Identity Security               1 kelas/ class                      1                            0%

Workshop Nasional : Kemudahan Investasi dan Optimalisasi               1 kelas/ class                      1                            0%
Pengawasan Perlindungan Hukum Terhadap Tenaga Kerja Sesuai
UU Cipta Kerja No 6 Tahun 2023
National Workshop: Ease of Investment and Optimization of
Supervision of Legal Protection for Labor in Accordance with The
Job Creation Law No. 6 of 2023
Workshop Penerapan Pedoman Tata Kelola dan Kegiatan                    1 kelas/ class                      1                            0%
Korporasi BUMN (PerMen BUMN No. PER-2/MBU/03/2023)
Workshop on Implementing Guidelines for Governance and
Corporate Activities of BUMN (Permen BUMN No. PER-2/
MBU/03/2023)
Workshop Pengukuran Dampak Program TJSL dengan Metode                  1 kelas/ class                      1                            0%
Social Return on Investment (SROI)
Workshop on Measuring The Impact of The TJSL Program using
The Social Return on Investment (SROI) Method
Workshop Personal Effectiveness With Myers Briggs Type                 1 kelas/ class                      2                            1%
Indicator (MBTI)
Workshop Sistem Manajemen Lereng                                       1 kelas/ class                      2                            1%
Workshop on Slope Management System
BOD-3
Pelatihan Investigasi dan Pemeriksaan Pelanggaran Disiplin             1 kelas/ class                      10                           3%
Training on Disciplinary Violation Investigation and Examination
Pelatihan Sinergi SKJM dan Manajemen Untuk Tingkatkan                  1 kelas/ class                      3                            1%
Sustainability dan Resiliensi Bisnis Perusahaan
SKJM and Management Synergy Training to Increase Company
Business Sustainability and Resilience
Analyzing & Improving Business Processes                               1 kelas/ class                      1                            0%
Asia Australia Road Conference (REAAA 2023)                            1 kelas/ class                      1                            0%




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     179
Page 180
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      Biaya Pendaftaran Bootcamp Data Science Blended Learning                        1 kelas/ class                  2                       1%
      Batch 29 + Sertifikasi BNSP
      Registration Fee for Data Science Blended Learning Bootcamp
      Batch 29 + BNSP Certification
      BIM Supported Project Scope Management                                          1 kelas/ class                  7                       2%
      Bimbingan Teknis Audit Intelligence                                             1 kelas/ class                  2                       1%
      Technical Guidance on Audit Intelligence
      Business Presentation & Data Visualization                                      1 kelas/ class                  2                       1%

      Capacity Building LSPPM 2023                                                    1 kelas/ class                  1                       0%

      Certified Lead Auditor Anti Bribery Management Management                       1 kelas/ class                  1                       0%
      System ISO 37001:2016
      Certified Procurement Officer (CPOF)                                            1 kelas/ class                  3                       1%

      Certified Procurement Specialist (CPSP)                                         1 kelas/ class                  4                       1%

      Coaching for Unleash Potential to Increase Performance                          1 kelas/ class                  2                       1%

      Connecting Digital Strategy and Ambidextrous Leadership to                      1 kelas/ class                  9                       2%
      Accelerate Business Growth
      Digital Information Summit Indonesia                                            1 kelas/ class                  2                       1%
      Diklat Manajemen Umum Dana Pensiun                                              1 kelas/ class                  1                       0%
      Education and Training on General Management of Pension Fund
      DTI-CX 2023 Exclusive Conference                                                1 kelas/ class                  2                       1%
      ESG Training: How to Implement ESG to be A Sustainability Way                   1 kelas/ class                  1                       0%
      of The Organization
      Fundamental Pengelolaan PPH Badan, Rekonsiliasi Fiskal dan                      1 kelas/ class                  1                       0%
      Teknik Ekualisasi
      Fundamentals of Corporate Income Tax Management, Fiscal
      Reconciliation and Equalization Technique
      GRC Masterclass Program 2023 : ESG for Auditor                                  1 kelas/ class                  2                       1%
      GRC Masterclass Program 2023 : ESG for Boards – Governance                      1 kelas/ class                  1                       0%
      of ESG
      GRC Masterclass Program 2023 : GRC Integrated Information                       1 kelas/ class                  2                       1%
      For Supervisionary Board
      GRC Masterclass Program 2023 : Introduction to ESG & IFC                        1 kelas/ class                  1                       0%
      Performance Standards
      GRC Masterclass Program 2023 : Joint Venture between SOE                        1 kelas/ class                  11                      3%
      and Private Sector
      GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan                       1 kelas/ class                  2                       1%
      Efek Bersifat Utang & Sukuk (EBUS)
      GRC Masterclass Program 2023: Rating & Issuance of Debt
      Securities & Sukuk (EBUS)
      GRC Masterclass Program 2023 : Pre IPO and Post IPO                             1 kelas/ class                  1                       0%
      GRC Masterclass Program 2023 : Risk Management                                  1 kelas/ class                  8                       2%
      Effectiveness Evaluation
      Harmonisasi Regulasi dan Penerapan Tata Kelola yang Baik                        1 kelas/ class                  1                       0%
      Menuju Dana Pensiun yang Sehat
      Harmonization of Regulation and Implementation of Good
      Governance Towards Healthy Pension Fund
      HR Concert (Seminar & Music)                                                    1 kelas/ class                  1                       0%




180     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 181
                                                                               Profil Perusahaan
                                                                               Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                                Table of Training Based on Employee Group



                                                                                                                                    Persentase
                                                                                                  Jumlah Peserta dari
                                                                                                                                     Golongan
                                                                           Jumlah                 Golongan Karyawan
                                                                                                                                  Karyawan yang
                                                                          Pelatihan                 yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                   Telah Mengikuti
                                                                         Tahun 2023              Pelatihan Tahun 2023
                  Employee Group/Type of Training                                                   Number of Participant
                                                                                                                                     Pelatihan
                                                                          Number of                                                 Percentage of
                                                                                                 from Employee Group Who
                                                                        Training in 2023                                           Employee Group
                                                                                                 Participated in the Training
                                                                                                                                     Participated
                                                                                                           in 2023
                                                                                                                                    in the Training

I2LI - Pelatihan Kontrak FIDIC                                           1 kelas/ class                       2                            1%
I2LI - FIDIC Contract Training
Infrastucture Webinar Series                                             1 kelas/ class                      10                            3%
Pelatihan Quality Assurance of Internal Audit Function                   1 kelas/ class                       2                            1%
Training on Quality Assurance of Internal Audit Function
Pelatihan Aplikasi JM Pintar                                             1 kelas/ class                       8                            2%
Training for JM Pintar Application
Pelatihan Audit Internal Sistem Manajemen Anti Penyuapan                 1 kelas/ class                       2                            1%
(SMAP)
Anti-Bribery Management System (SMAP) Internal Audit Training
Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO            1 kelas/ class                       3                            1%
45001:2018 & SMK3 Tahun 2023 Batch 1
Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
45001:2018 & SMK3 Year 2023 Batch 1
Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO            1 kelas/ class                       9                            2%
45001:2018 & SMK3 Tahun 2023 Batch 2
Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
45001:2018 & SMK3 Year 2023 Batch 2
Pelatihan Awareness Sistem Manajemen Anti Penyuapan Tahun                1 kelas/ class                      12                            3%
2023
Training on Anti-Bribery Management System Awareness 2023
Pelatihan dan Sertifikasi Certified Procurement Specialist (CPSp)        1 kelas/ class                       9                            2%
Certified Procurement Specialist (CPSp) Training and Certification
Pelatihan dan Sertifikasi Certified Risk Associate (CRA) Batch 1         1 kelas/ class                       9                            2%
Certified Risk Associate (CRA) Training and Certification Batch 1
Pelatihan dan Sertifikasi Certified Risk Associate (CRA) Batch 2         1 kelas/ class                       11                           3%
Certified Risk Associate (CRA) Training and Certification Batch 2
Pelatihan dan Sertifikasi Certified Risk Professional (CRP)              1 kelas/ class                      10                            3%
Certified Risk Professional (CRP) Training and Certification
Pelatihan dan Sertifikasi Human Capital Level Supervisor                 1 kelas/ class                       2                            1%
Supervisor Level Human Capital Training and Certification
Pelatihan dan Sertifikasi Qualified Internal Audit (QIA) Tingkat         1 kelas/ class                       1                           0%
Dasar
Basic Level of Qualified Internal Audit (QIA) Training and
Certification
Pelatihan Fraud Auditing 2                                               1 kelas/ class                       1                           0%
Fraud Auditing Training 2
Pelatihan Investigasi dan Pemeriksaan Pelanggaran Disiplin               1 kelas/ class                       3                            1%
Disciplinary Violation Investigation and Examination Training
Pelatihan Mastering Capacity Management                                  1 kelas/ class                       5                            1%
Mastering Capacity Management Training
Pelatihan Metode Penulisan Inovasi di Lingkungan Jasa Marga              1 kelas/ class                      14                            4%
Group (Offline)
Training on Innovation Writing Method in Jasa Marga Group
Environment (Offline)
Pelatihan Metode Penulisan Inovasi di Lingkungan Jasa Marga              1 kelas/ class                       4                            1%
Group (Online)
Training on Innovation Writing Method in Jasa Marga Group
Environment (Online)
Pelatihan Pejabat Inti Satuan Kerja Batch 2                              1 kelas/ class                      20                            5%
Training for Work Unit Core Officials Batch 2



                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                       181
Page 182
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      Pelatihan Pemahaman TKDN Bagi Para Pelaku Usaha                                 1 kelas/ class                  6                       2%
      TKDN Understanding Training for Businesses
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 4
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 4
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 5
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 5
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  2                       1%
      Batch 7
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 7
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 8
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 8
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  8                       2%
      Batch 1
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 1
      Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)                 1 kelas/ class                  1                       0%
      Batch 2
      Training on The SELIA (Self Initiative Assessment) Application
      Usage Batch 2
      Pelatihan Power BI Dashboard Trafic Counting                                    1 kelas/ class                  1                       0%
      Training on Power BI Dashboard Traffic Counting
      Pelatihan Purnabhakti Batch 38                                                  1 kelas/ class                  5                       1%
      Purnabhakti Training Batch 38
      Pelatihan SAP Group Reporting Batch 2                                           1 kelas/ class                 13                       4%
      Training on SAP Group Reporting Batch 2
      Pelatihan SAP Group Reporting Batch 2                                           1 kelas/ class                  11                      3%
      Training on SAP Group Reporting Batch 2
      Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama                        1 kelas/ class                  7                       2%
      Komite Nasional Keselamatan Transportasi (KNKT)_Offline
      Offline Training for Joint Toll Road Safety Management System
      with The National Transportation Safety Committee (KNKT)
      Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama                        1 kelas/ class                 13                       4%
      Komite Nasional Keselamatan Transportasi (KNKT)_Online
      Online Training for Joint Toll Road Safety Management System
      with The National Transportation Safety Committee (KNKT)
      Pelatihan Tanggap Darurat Di Lingkungan Kantor Pusat                            1 kelas/ class                  8                       2%
      Emergency Response Training in The Head Office Environment
      Pelatihan Teknis Pemeriksaan Jembatan di Lingkungan Jasa                        1 kelas/ class                  1                       0%
      Marga Group
      Bridge Inspection Technical Training within Jasa Marga Group
      Penanganan Kerusakan Beton Struktur dan Kerusakan                               1 kelas/ class                  1                       0%
      Perkerasan Jalan Beton Semen (Rigid Pavement)
      Handling of Structural Concrete Damage and Rigid Pavement
      Damage




182     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 183
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Pendidikan dan Pelatihan Effective Report Writing for Internal         1 kelas/ class                      1                            0%
Audit
Education and Training on Effective Report Writing for Internal
Audit
Pendidikan Khusus Profesi Advokat (PKPA)                               1 kelas/ class                      1                            0%
Special Education for The Advocate Profession (PKPA)
Perpanjangan Sertifikasi ISO 37001 Tahun 2023                          1 kelas/ class                      1                            0%
Extension of ISO 37001 Certification 2023
Persiapan Lembaga & Badan Publik untuk Kepatuhan pada                  1 kelas/ class                      1                            0%
Perlindungan Data Pribadi
Preparation of Institution and Public Body for Compliance with
Personal Data Protection
Project Management I2LI Batch 6                                        1 kelas/ class                      2                            1%
Public Speaking "High Impact Presentation Skills Training              1 kelas/ class                      11                           3%
Program"
Refreshment dan Perpanjangan SKP dan Lisensi Ahli K3 Umum              1 kelas/ class                      18                           5%
Refreshment and Extension of SKP and General K3 Expert
License
Renewable Energy for The Sustainability of The Next Generation         1 kelas/ class                      2                            1%

Renewal for ERMA Certification Fee for Gilang Permana                  1 kelas/ class                      1                            0%
Seminar Audit Intelligence : The Mission Of Internal Auditor           1 kelas/ class                      1                            0%
(Teknik Pemeriksaan, Pengungkapan Kasus Yang Didukung
Kemampuan Investigasi-Elisiting dan Mengenali Behavior
Symptom Analysis)
Audit Intelligence Seminar: The Mission of Internal Auditor
(Inspection Technique, Case Disclosure Supported by
Investigation-Eliminating Capabilities and Recognizing Behavior
Symptom Analysis)
Seminar Enterprise Analytics Summit 2023                               1 kelas/ class                      2                            1%
Seminar Human Capital On Resilience Excellence Award 2023              1 kelas/ class                      1                            0%
Seminar Penjaminan Mutu Desain Jembatan                                1 kelas/ class                      6                            2%
Seminar on Bridge Design Quality Assurance
Seminar Strategi Penyelesaian Perselisihan Kepentingan Pada            1 kelas/ class                      1                            0%
Perusahaan BUMN-BUMD
Seminar on Strategy for Resolving Interest Disputes in BUMN-
BUMD Companies
Seminar Teknik Jalan Peningkatan Kualitas Konstruksi Jalan &           1 kelas/ class                      1                            0%
jembatan
Road Engineering Seminar on Improving The Quality of Road &
Bridge Construction
Sertifikasi Petugas Peran Kebakaran Kelas D                            1 kelas/ class                      1                            0%
Class D Fire Officer Certification
Sertifikasi PII 2023                                                   1 kelas/ class                     69                           19%
PII Certification 2023
Sharing Session Jamdatun - Business Judgement Rule BUMN                1 kelas/ class                      4                            1%
dalam Investasi
Sharing Session Jamdatun - Business Judgment Rule for SOEs
in Investment




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     183
Page 184
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      Sharing Session Prosedur Kondisi Darurat (Batch 1)                              1 kelas/ class                  4                       1%
      Sharing Session Emergency Procedures (Batch 1)
      SHL Indonesia Conference 2023                                                   1 kelas/ class                  2                       1%
      Strategi dan Teknik Menghadapi Sengketa Pajak : SP2DK,                          1 kelas/ class                  1                       0%
      Pemeriksaan, dan Litigasi Pajak
      Strategies and Techniques for Dealing with Tax Disputes: SP2DK,
      Audit and Tax Litigation
      The 3nd Indonesian Conferences & Competition Occupational                       1 kelas/ class                  4                       1%
      Safety and Health (ICC-OSH) 2023
      The IIA Indonesia National Conference & Lokakarya                               1 kelas/ class                  1                       0%

      Training Awareness Implementasi Sistem Manajemen Anti                           1 kelas/ class                 15                       4%
      Penyuapan (SMAP) Tahun 2023
      Awareness Training for Implementation of The Anti-Bribery
      Management System (SMAP) 2023
      Training Cash Flow & Treasury Management                                        1 kelas/ class                  1                       0%

      Training Internal Control COSO - 2013                                           1 kelas/ class                  1                       0%

      Training Microsoft Power BI Data Analyst                                        1 kelas/ class                  5                       1%

      Training VMWARE ICM 8.0_ILT (Instroctor Led Training)                           1 kelas/ class                  2                       1%
      Ujian Perpanjangan Sertifikasi Pengadaan Certified Procurement                  1 kelas/ class                  2                       1%
      Specialist (CPSP)
      Procurement Certification Extension Test for Certified
      Procurement Specialist (CPSP)
      Update Ketentuan Pajak Terbaru dan Persiapan Perencanaan                        1 kelas/ class                  1                       0%
      Pajak 2024
      Update to The Latest Tax Provisions and Preparation for 2024
      Tax Planning
      Webinar HPJI JABAR "Permasalahan dan Teknologi Penanganan                       1 kelas/ class                  4                       1%
      Timbunan Jalan Pada Tanah Problematik"
      HPJI JABAR Webinar "Problems and Technology for Handling
      Road Piles on Problematic Soil"
      Webinar Intro to IT Risk Management                                             1 kelas/ class                 17                       5%

      Webinar Penulisan Karya Ilmiah REAAA 2023                                       1 kelas/ class                  4                       1%
      REAAA Scientific Writing Webinar 2023
      Webinar Tunnel Jacking HPJI                                                     1 kelas/ class                  3                       1%

      Workshop Audit Investigasi Online                                               1 kelas/ class                  1                       0%
      Workshop for Online Investigation Audit
      Workshop Building Information Modelling (BIM)                                   1 kelas/ class                 58                       16%

      Workshop dan Focus Group Discussion (FGD) Penentuan Topik                       1 kelas/ class                  1                       0%
      Material Sustainability Report Tahun 2023 (Batch 1)
      Workshop and Focus Group Discussion (FGD) on Determining
      The Material Topic of Sustainability Report for 2023 (Batch 1)
      Workshop dan Focus Group Discussion (FGD) Penentuan Topik                       1 kelas/ class                 12                       3%
      Material Sustainability Report Tahun 2023 (Batch 2)
      Workshop and Focus Group Discussion (FGD) on Determining
      The Material Topic of Sustainability Report for 2023 (Batch 2)
      Workshop Dasar-Dasar Audit Teknologi Informasi                                  1 kelas/ class                  2                       1%
      Workshop on Basics for Information Technology Audit
      Workshop Finance and Accounting for Non Finance and                             1 kelas/ class                  3                       1%
      Accouting Internal Auditor




184     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 185
                                                                             Profil Perusahaan
                                                                             Company Profile




                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                             Table of Training Based on Employee Group



                                                                                                                                Persentase
                                                                                                Jumlah Peserta dari
                                                                                                                                 Golongan
                                                                        Jumlah                  Golongan Karyawan
                                                                                                                              Karyawan yang
                                                                       Pelatihan                  yang Mengikuti
             Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                      Tahun 2023               Pelatihan Tahun 2023
                 Employee Group/Type of Training                                              Number of Participant
                                                                                                                                 Pelatihan
                                                                       Number of                                                Percentage of
                                                                                           from Employee Group Who
                                                                     Training in 2023                                          Employee Group
                                                                                           Participated in the Training
                                                                                                                                 Participated
                                                                                                     in 2023
                                                                                                                                in the Training

Workshop Human Capital Framework 2023 "Strategy Bertahan              1 kelas/ class                      3                            1%
dan Bangkit Di Masa Depan"
Human Capital Framework Workshop 2023 "Strategy to Survive
and Rise in The Future"
Workshop Minimize The Risk of Managing Identity Security              1 kelas/ class                      1                            0%

Workshop Nasional : Kemudahan Investasi dan Optimalisasi              1 kelas/ class                      1                            0%
Pengawasan Perlindungan Hukum Terhadap Tenaga Kerja Sesuai
UU Cipta Kerja No 6 Tahun 2023
National Workshop: Ease of Investment and Optimization of
Supervision of Legal Protection for Labor in Accordance with The
Job Creation Law No. 6 of 2023
Workshop Penerapan Pedoman Tata Kelola dan Kegiatan                   1 kelas/ class                      1                            0%
Korporasi BUMN (PerMen BUMN No. PER-2/MBU/03/2023)
Workshop on Implementing Guidelines for Governance
and Corporate Activities of SOE (Permen BUMN No. PER-2/
MBU/03/2023)
Workshop Pengukuran Dampak Program TJSL dengan Metode                 1 kelas/ class                      4                            1%
Social Return on Investment (SROI)
Workshop on Measuring The Impact of The TJSL Program using
Social Return on Investment (SROI) Method
Workshop Sistem Manajemen Lereng                                      1 kelas/ class                      10                           3%
Workshop on Slope Management System
Workshop Tenagakerjaan Nasional : PHK dan Penetapan                   1 kelas/ class                      2                            1%
Kompensasinya Berdasarkan Putusan Pengadilan
National Employment Workshop: Layoff and Determination of
Compensation Based on Court Decisions
BOD-4
Pelatihan Sinergi SKJM dan Manajemen Untuk Tingkatkan                 1 kelas/ class                      7                            0%
Sustainability dan Resiliensi Bisnis Perusahaan
Training on SKJM and Management Synergy to Increase
Company Business Sustainability and Resilience
Achieving Excellent Performance Through Human Capital                 1 kelas/ class                      1                            0%
System
BIM Supported Project Scope Management                                1 kelas/ class                      7                            0%
BUMN Communication and Sustainability Summit (BCOMSS)                 1 kelas/ class                     39                            1%
2023
BUMN Communications Week 2023                                         1 kelas/ class                      2                            0%

Business Presentation & Data Visualization                            1 kelas/ class                      9                            0%

Certified Procurement Specialist (CPSP)                               1 kelas/ class                      1                            0%

Connecting Digital Strategy and Ambidextrous Leadership to            1 kelas/ class                      8                            0%
Accelerate Business Growth
DTI-CX 2023 Exclusive Conference                                      1 kelas/ class                      5                            0%
ESG Training: How to Implement ESG to be A Sustainability Way         1 kelas/ class                      3                            0%
of The Organization
Fundamental Pengelolaan PPH Badan, Rekonsiliasi Fiskal dan            1 kelas/ class                      1                            0%
Teknik Ekualisasi
Fundamentals of Corporate Income Tax Management, Fiscal
Reconciliation and Equalization Technique
GRC Masterclass Program 2023 : ESG for Auditor                        1 kelas/ class                      1                            0%




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    185
Page 186
                                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                                              Table of Training Based on Employee Group



                                                                                                                                           Persentase
                                                                                                           Jumlah Peserta dari
                                                                                                                                            Golongan
                                                                                         Jumlah            Golongan Karyawan
                                                                                                                                         Karyawan yang
                                                                                        Pelatihan            yang Mengikuti
                       Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                       Tahun 2023         Pelatihan Tahun 2023
                            Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                            Pelatihan
                                                                                        Number of                                         Percentage of
                                                                                                          from Employee Group Who
                                                                                      Training in 2023                                   Employee Group
                                                                                                          Participated in the Training
                                                                                                                                           Participated
                                                                                                                    in 2023
                                                                                                                                          in the Training

      GRC Masterclass Program 2023 : ESG for Boards – Governance                       1 kelas/ class                  2                       0%
      of ESG
      GRC Masterclass Program 2023 : GRC Integrated Information                        1 kelas/ class                  2                       0%
      For Supervisionary Board
      GRC Masterclass Program 2023 : Introduction to ESG & IFC                         1 kelas/ class                  1                       0%
      Performance Standards
      GRC Masterclass Program 2023 : Joint Venture between SOE                         1 kelas/ class                  4                       0%
      and Private Sector
      GRC Masterclass Program 2023 : Pemeringkatan & Penerbitan                        1 kelas/ class                  2                       0%
      Efek Bersifat Utang & Sukuk (EBUS)
      GRC Masterclass Program 2023: Rating & Issuance of Debt
      Securities & Sukuk (EBUS)
      GRC Masterclass Program 2023 : Pre IPO & Post IPO                                1 kelas/ class                  2                       0%
      GRC Masterclass Program 2023 : Risk Management                                   1 kelas/ class                  3                       0%
      Effectiveness Evaluation
      GRC Masterclass Program 2023 : Sosialisasi Pemeringkatan                         1 kelas/ class                  2                       0%
      BUMN & Anak Perusahaan BUMN
      GRC Masterclass Program 2023: Socialization of SOEs Ratings &
      SOEs Subsidiaries
      Infrastucture Webinar Series                                                     1 kelas/ class                 14                       0%
      Mitigasi Risiko Pajak : Grey Area atas Ketentuan Natura/                         1 kelas/ class                  2                       0%
      Kenikmatan sesuai PMK 66/2023
      Tax Risk Mitigation: Grey Area for Natura/Enjoyment Provisions in
      accordance with PMK 66/2023
      Mitigasi Risiko Pajak : Grey Area atas Ketentuan Natura/                         1 kelas/ class                  1                       0%
      Kenikmatan sesuai PMK 66/2024
      Tax Risk Mitigation: Grey Area for Natura/Enjoyment Provisions in
      accordance with PMK 66/2024
      Pelatihan Aplikasi JM Pintar                                                     1 kelas/ class                 12                       0%
      Training for JM Pintar Application
      Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO                    1 kelas/ class                  4                       0%
      45001:2018 & SMK3 Tahun 2023 Batch 1
      Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
      45001:2018 & SMK3 Year 2023 Batch 1
      Pelatihan Auditor Internal ISO 9001:2015, ISO 14001:2015, ISO                    1 kelas/ class                  3                       0%
      45001:2018 & SMK3 Tahun 2023 Batch 2
      Internal Auditor Training ISO 9001:2015, ISO 14001:2015, ISO
      45001:2018 & SMK3 Year 2023 Batch 2
      Pelatihan Awareness Sistem Manajemen Anti Penyuapan Tahun                        1 kelas/ class                  2                       0%
      2023
      Training for Anti-Bribery Management System Awareness 2023
      Pelatihan Claim and Change Management I2LI Batch 3                               1 kelas/ class                  2                       0%
      Training of I2LI Claim and Change Management Batch 3
      Pelatihan dan Sertifikasi Certified Procurement Specialist (CPSp)                1 kelas/ class                  6                       0%
      Certified Procurement Specialist (CPSp) Training and Certification
      Pelatihan dan Sertifikasi Certified Risk Associate (CRA) Batch 1                 1 kelas/ class                 12                       0%
      Certified Risk Associate (CRA) Training and Certification Batch 1
      Pelatihan dan Sertifikasi Certified Risk Associate (CRA) Batch 2                 1 kelas/ class                  6                       0%
      Certified Risk Associate (CRA) Training and Certification Batch 2
      Pelatihan dan Sertifikasi Certified Risk Professional (CRP)                      1 kelas/ class                  1                       0%
      Certified Risk Associate (CRA) Training and Certification



186      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 187
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Pelatihan dan Sertifikasi Certified Risk Professional (CRP) TAP        1 kelas/ class                      1                            0%
Kapital
TAP Kapital Certified Risk Professional (CRP) Training and
Certification
Pelatihan Dasar-dasar Perencanaan dan Pemodelan Transportasi           1 kelas/ class                      4                            0%
Training on The Basics of Transportation Planning and Modeling
Pelatihan Mastering Capacity Management                                1 kelas/ class                      2                            0%
Mastering Capacity Management Training
Pelatihan Metode Penulisan Inovasi di Lingkungan JM Group              1 kelas/ class                      9                            0%
(Offline)
Training on Innovation Writing Method in The JM Group
Environment (Offline)
Pelatihan Metode Penulisan Inovasi di Lingkungan JM Group              1 kelas/ class                     20                            0%
(Online)
Training on Innovation Writing Method in The JM Group
Environment (Online)
Pelatihan MS Office Kantor Pusat                                       1 kelas/ class                      4                            0%
MS Office Training at Head Office
Pelatihan Pemahaman TKDN Bagi Para Pelaku Usaha                        1 kelas/ class                      5                            0%
Training on TKDN Understanding for Businesses
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      1                            0%
Batch 3
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 3
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      1                            0%
Batch 4
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 4
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      1                            0%
Batch 6
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 6
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      2                            0%
Batch 7
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 7
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      2                            0%
Batch 8
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 8
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      2                            0%
Batch 9
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 9
Pelatihan Penggunaan Aplikasi SELIA (Self Initiative Assesment)        1 kelas/ class                      13                           0%
Batch 1
Training on The SELIA (Self Initiative Assessment) Application
Usage Batch 1
Pelatihan Power BI Dashboard Trafic Counting                           1 kelas/ class                      3                            0%
Training for Power BI Dashboard Traffic Counting
Pelatihan Purnabhakti Batch 38                                         1 kelas/ class                      2                            0%
Purnabhakti Training Batch 38
Pelatihan SAP Group Reporting Batch 1                                  1 kelas/ class                      13                           0%
Training on SAP Group Reporting Batch 1


                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     187
Page 188
                                                      Tabel Pelatihan berdasarkan Golongan Karyawan
                                                              Table of Training Based on Employee Group



                                                                                                                                           Persentase
                                                                                                           Jumlah Peserta dari
                                                                                                                                            Golongan
                                                                                         Jumlah            Golongan Karyawan
                                                                                                                                         Karyawan yang
                                                                                        Pelatihan            yang Mengikuti
                       Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                       Tahun 2023         Pelatihan Tahun 2023
                            Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                            Pelatihan
                                                                                        Number of                                         Percentage of
                                                                                                          from Employee Group Who
                                                                                      Training in 2023                                   Employee Group
                                                                                                          Participated in the Training
                                                                                                                                           Participated
                                                                                                                    in 2023
                                                                                                                                          in the Training

      Pelatihan SAP Group Reporting Batch 2                                            1 kelas/ class                  11                      0%
      Training on SAP Group Reporting Batch 2
      Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama                         1 kelas/ class                  9                       0%
      Komite Nasional Keselamatan Transportasi (KNKT)_Offline
      Offline Training on Joint Toll Road Safety Management System
      with The National Transportation Safety Committee (KNKT)
      Pelatihan Sistem Manajemen Keselamatan Jalan Tol Bersama                         1 kelas/ class                  8                       0%
      Komite Nasional Keselamatan Transportasi (KNKT)_Online
      Online Training on Joint Toll Road Safety Management System
      with National Transportation Safety Committee (KNKT)
      Pelatihan Tanggap Darurat Di Lingkungan Kantor Pusat                             1 kelas/ class                  11                      0%
      Emergency Response Training in The Head Office Environment
      Pelatihan Teknis Pemeriksaan Jembatan di Lingkungan Jasa                         1 kelas/ class                  1                       0%
      Marga Group
      Bridge Inspection Technical Training within The Jasa Marga
      Group
      Pemantapan Nilai Nilai Kebangsaan PII_LEMHANAS                                   1 kelas/ class                  1                       0%
      StrengThening National Values PII_LEMHANAS
      Penanganan Kerusakan Beton Struktur dan Kerusakan                                1 kelas/ class                  7                       0%
      Perkerasan Jalan Beton Semen (Rigid Pavement)
      Handling of Structural Concrete Damage and Rigid Pavement
      Damage
      Pencegahan korupsi dari tindak pidana pencucian uang untuk                       1 kelas/ class                  2                       0%
      mencapai good govermence
      Prevention of corruption from money laundering crimes to
      achieve good governance
      Pendidikan Khusus Profesi Advokat (PKPA)                                         1 kelas/ class                  1                       0%
      Special Education for The Advocate Profession (PKPA)
      Persiapan Lembaga & Badan Publik untuk Kepatuhan pada                            1 kelas/ class                  3                       0%
      Perlindungan Data Pribadi
      Preparation of Institution and Public Body for Compliance with
      Personal Data Protection
      Public Speaking "High Impact Presentation Skills Training                        1 kelas/ class                  7                       0%
      Program"
      Refreshment dan Perpanjangan SKP dan Lisensi Ahli K3 Umum                        1 kelas/ class                  7                       0%
      Refreshment and Extension of SKP and General K3 Expert
      License
      Renewable Energy for The Sustainability of The Next Generation                   1 kelas/ class                  3                       0%
      Seminar Konfederasi Serikat Pekerja BUMN RI                                      1 kelas/ class                  2                       0%
      Seminar of The Indonesian BUMN Labor Union Confederation
      Seminar Penjaminan Mutu Desain Jembatan                                          1 kelas/ class                  5                       0%
      Seminar on Bridge Design Quality Assurance
      Seminar Teknik Jalan Peningkatan Kualitas Konstruksi Jalan &                     1 kelas/ class                  4                       0%
      jembatan
      Seminar of Road Engineering on Improving The Quality of Road
      & Bridge Construction
      Sertifikasi Petugas Peran Kebakaran Kelas D                                      1 kelas/ class                  3                       0%
      Firefighter Role Officer Certification Class D




188      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 189
                                                                              Profil Perusahaan
                                                                              Company Profile




                                       Tabel Pelatihan berdasarkan Golongan Karyawan
                                              Table of Training Based on Employee Group



                                                                                                                                 Persentase
                                                                                                 Jumlah Peserta dari
                                                                                                                                  Golongan
                                                                         Jumlah                  Golongan Karyawan
                                                                                                                               Karyawan yang
                                                                        Pelatihan                  yang Mengikuti
              Golongan Karyawan/Jenis Pelatihan                                                                                Telah Mengikuti
                                                                       Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                              Number of Participant
                                                                                                                                  Pelatihan
                                                                        Number of                                                Percentage of
                                                                                            from Employee Group Who
                                                                      Training in 2023                                          Employee Group
                                                                                            Participated in the Training
                                                                                                                                  Participated
                                                                                                      in 2023
                                                                                                                                 in the Training

Sertifikasi PII 2023                                                   1 kelas/ class                      5                            0%
PII Certification 2023
Sharing Session Jamdatun - Business Judgement Rule BUMN                1 kelas/ class                      7                            0%
dalam Investasi
Sharing Session Jamdatun - Business Judgment Rule for BUMN
in Investment
Sharing Session Prosedur Kondisi Darurat (Batch 1)                     1 kelas/ class                      14                           0%
Sharing Session Emergency Procedures (Batch 1)
Sharing UI Career, Internship, Scholarship & EntrePreneurship          1 kelas/ class                      3                            0%
(CISE) Expo Maret 2023
Sharing UI Career, Internship, Scholarship & EntrePreneurship
(CISE) Expo March 2023
Strategi dan Teknik Menghadapi Sengketa Pajak : SP2DK,                 1 kelas/ class                      1                            0%
Pemeriksaan, dan Litigasi Pajak
Strategies and Techniques for Dealing with Tax Disputes: SP2DK,
Audit and Tax Litigation
The 3nd Indonesian Conferences & Competition Occupational              1 kelas/ class                      3                            0%
Safety and Health (ICC-OSH) 2023
Training Awareness Implementasi Sistem Manajemen Anti                  1 kelas/ class                      11                           0%
Penyuapan (SMAP) Tahun 2023
Awareness Training for Implementation of The Anti-Bribery
Management System (SMAP) 2023
Training Cash Flow & Treasury Management                               1 kelas/ class                      2                            0%

Training VMWARE ICM 8.0_ILT (Instroctor Led Training)                  1 kelas/ class                      1                            0%
Ujian Perpanjangan Sertifikasi Pengadaan Certified Procurement         1 kelas/ class                      3                            0%
Specialist (CPSP)
Procurement Certification Extension Test for Certified
Procurement Specialist (CPSP)
Webinar HPJI - Peningkatan Produktivitas Proyek Konstruksi Lean        1 kelas/ class                      3                            0%
Construction dan Digital Construction dalam Proyek Jalan dan
Jembatan
HPJI Webinar - Increasing Construction Project Productivity of
Lean Construction and Digital Construction in Road and Bridge
Projects
Webinar HPJI JABAR "Permasalahan dan Teknologi Penanganan              1 kelas/ class                      3                            0%
Timbunan Jalan pada Tanah Problematik"
HPJI JABAR Webinar "Problems and Technology for Handling
Road Piles on Problematic Soil"
Webinar Intro to IT Risk Management                                    1 kelas/ class                      12                           0%

Webinar Metode Perencanaan dan Pelaksanaan Konstruksi                  1 kelas/ class                      3                            0%
Jembatan
Webinar on Planning and Implementation Method for Bridge
Construction
Webinar Penulisan Karya Ilmiah REAAA 2023                              1 kelas/ class                      2                            0%
REAAA Scientific Writing Webinar 2023
Webinar Tunnel Jacking HPJI                                            1 kelas/ class                      3                            0%

Workplace Learning Trends                                              1 kelas/ class                      1                            0%




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     189
Page 190
                                                     Tabel Pelatihan berdasarkan Golongan Karyawan
                                                             Table of Training Based on Employee Group



                                                                                                                                          Persentase
                                                                                                          Jumlah Peserta dari
                                                                                                                                           Golongan
                                                                                        Jumlah            Golongan Karyawan
                                                                                                                                        Karyawan yang
                                                                                       Pelatihan            yang Mengikuti
                      Golongan Karyawan/Jenis Pelatihan                                                                                 Telah Mengikuti
                                                                                      Tahun 2023         Pelatihan Tahun 2023
                           Employee Group/Type of Training                                                  Number of Participant
                                                                                                                                           Pelatihan
                                                                                       Number of                                         Percentage of
                                                                                                         from Employee Group Who
                                                                                     Training in 2023                                   Employee Group
                                                                                                         Participated in the Training
                                                                                                                                          Participated
                                                                                                                   in 2023
                                                                                                                                         in the Training

      WORKSHOP & DIALOG K3 “ Peran K3 Untuk Terwujudnya                               1 kelas/ class                  1                       0%
      Pekerjaan Layak Yang Berbudaya K3 & Audit Integrasi Guna
      Mendukung Keberlangsungan Usaha & Keselamatan Di Tempat
      Kerja “
      K3 WORKSHOP & DIALOGUE "The Role of K3 in Realizing
      Decent Work with K3 Culture & Integration Audit to Support
      Business Sustainability & Safety in The Workplace"
      Workshop Building Information Modelling (BIM)                                   1 kelas/ class                 26                       0%

      Workshop Contract Drafting for Business Transaction                             1 kelas/ class                  2                       0%

      Workshop dan Focus Group Discussion (FGD) Penentuan Topik                       1 kelas/ class                  5                       0%
      Material Sustainability Report Tahun 2023 (Batch 2)
      Workshop and Focus Group Discussion (FGD) on Determining
      The Material Topic of Sustainability Report for 2023 (Batch 2)
      Workshop Dasar-Dasar Audit Teknologi Informasi                                  1 kelas/ class                  1                       0%
      Workshop on Basics for Information Technology Audit
      Workshop Disability Equality Training (DET) : Pelatihan Kesadaran               1 kelas/ class                  1                       0%
      dan Inklusi Disabilitas Bagi Tim Human Capital BUMN
      Disability Equality Training (DET) Workshop: Disability Awareness
      and Inclusion Training for The BUMN Human Capital Team
      Workshop Finance and Accounting for Non Finance and                             1 kelas/ class                  1                       0%
      Accouting Internal Auditor
      Workshop Ketenagakerjaan Nasional Penyelesaian Sengketa                         1 kelas/ class                  1                       0%
      Hubungan Industrial Melalui Jalur Pengadilan dan Diluar Jalur
      Pengadilan
      Workshop on National Employment on Settlement of Industrial
      Relations Disputes Through Court and Outside Court
      Workshop Minimize The Risk of Managing Identity Security                        1 kelas/ class                  1                       0%

      Workshop Nasional Tentang Kebijakan Pengupahan Serta Cara                       1 kelas/ class                  2                       0%
      Menghitung Pesangon PHK, Outsourcing Maupun PKWT dan
      PKWTT Berdasarkan Perpu Cipta Kerja
      National Workshop on Wage Policy and How to Calculate
      Severance Pay for Layoffs, Outsourcing and PKWT and PKWTT
      Based on The Job Creation Regulation
      Workshop Pengukuran Dampak Program TJSL dengan Metode                           1 kelas/ class                  6                       0%
      Social Return on Investment (SROI)
      Workshop on Measuring The Impact of The TJSL Program using
      The Social Return on Investment (SROI) Method
      Workshop Sistem Manajemen Lereng                                                1 kelas/ class                  2                       0%
      Workshop on Slope Management System




190     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 191
                                                                                      Profil Perusahaan
                                                                                      Company Profile




                                           Tabel Pelatihan berdasarkan Golongan Karyawan
                                                Table of Training Based on Employee Group



                                                                                                                                         Persentase
                                                                                                         Jumlah Peserta dari
                                                                                                                                          Golongan
                                                                                 Jumlah                  Golongan Karyawan
                                                                                                                                       Karyawan yang
                                                                                Pelatihan                  yang Mengikuti
               Golongan Karyawan/Jenis Pelatihan                                                                                       Telah Mengikuti
                                                                               Tahun 2023               Pelatihan Tahun 2023
                  Employee Group/Type of Training                                                      Number of Participant
                                                                                                                                          Pelatihan
                                                                             Number of                                                    Percentage of
                                                                                                    from Employee Group Who
                                                                           Training in 2023                                              Employee Group
                                                                                                    Participated in the Training
                                                                                                                                           Participated
                                                                                                              in 2023
                                                                                                                                          in the Training

Komite
Committee
GRC Masterclass Program 2023 : ESG for Boards – Governance                     1 kelas/ class                      1                            9%
of ESG
GRC Masterclass Program 2023 : Risk Management                                 1 kelas/ class                      2                           18%
Effectiveness Evaluation
Konferensi Nasional 2023                                                       1 kelas/ class                      1                            9%
National Conference 2023
Masterclass Program Series XXII, Risk Capacity The                             1 kelas/ class                      1                            9%
Fundamental Missing Puzzle In Risk Management Practice
The IIA Indonesia National Conference & Lokakarya                              1 kelas/ class                      1                            9%
Ujian Sertifikasi Certified Risk Management Officer (CRMO) Level               1 kelas/ class                      1                            9%
II
Certified Risk Management Officer (CRMO) Level II Certification
Test


                                           Tabel Persentase Partisipasi Peserta Tahun 2023
                                            Table of Participants Participation Percentage in 2023



 No              Golongan Karyawan                                 Jumlah Peserta                                          Persentase (%)
                      Employee Level                               Total Participants                                         Percentage

  1    BOC                                                                 55                                                    0,4%
 2     BOD                                                                 29                                                    0,2%
 3     BOD-1                                                              982                                                    6,8%
 4     BOD-2                                                             2.438                                                   17,0%
 5     BOD-3                                                             3.247                                                   22,6%
 6     BOD-4                                                             3.593                                                   25,0%
 7     BOD-5                                                             3.384                                                   23,5%
 8     BOD-6                                                              640                                                    4,5%
 9     BOD-7                                                               8                                                      0,1%
       Total                                                            14.376                                                   100%


          Tabel Learning Karyawan Jasa Marga Group yang Dilaksanakan Melalui Aplikasi JM-Click Tahun 2023
                              Table of Jasa Marga Group Employee Learning via JM-Click Application in 2023



        Kategori Pelatihan di JM-Click                            Jumlah Peserta                                             Penyelenggara
No
           Training Category at JM-Click                           Total Participants                                         Event Organizer

 1    Handout                                                              -                                     Jasa Marga Learning Institute
 2    JM Talk                                                           6.887                                    Jasa Marga Learning Institute
 3    Sosialisasi
                                                                           -                                     Jasa Marga Learning Institute
      Socialization
 4    Video                                                                -                                     Jasa Marga Learning Institute
 5    Virtual Learning/Webinar                                          11.294                                   Jasa Marga Learning Institute




                                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                             191
Page 192
                    Tabel Learning Jet Roadster dan Officer Development Program (ODP) yang Dilaksanakan Tahun 2023
                                        Table of Learning Jet Roadster and Officer Development Program (ODP) Held in 2023



                                      Jumlah
                                                        Waktu & Tempat
                  Peserta             Peserta                                                             Nama Pelatihan
      No                                                  Pelatihan
                 Participants          Total                                                               Training Name
                                                      Training Date/Location
                                    Participants

      1        Jet Roadster               12          19 Januari 2023          JM Preneurship Series 37 Usaha Budi Daya dan Bisnis Tanaman
                                                      January 19, 2023         Hias pada Lahan Terbatas
                                                                               JM Preneurship Series 37 Cultivation and Business of Ornamental
                                                                               Plants on Limited Land
      2        Jet Roadster               12          27 Januari 2023          JM Talk Health Series 15
                                                      January 27, 2023
      3        Jet Roadster               6           3 Februari 2023          JM Talk Business Support Series 3 “Penerapan Creating Shared
                                                      Februari 3, 2023         Values dalam Program TJSL di Jasa Marga Group”
                                                                               JM Talk Business Support Series 3 "Implementation of Creating
                                                                               Shared Values in The TJSL Program at Jasa Marga Group"
      4        Jet Roadster                1          16 Februari 2023         JM Talk Leadership Series 5
                                                      February 16, 2023
      5        Jet Roadster               4           17 Februari 2023         JM Talk Operation Services Series 4
                                                      February 17, 2023
      6        Jet Roadster                1          23 Februari 2023         JM Talk Business Support Eps 4
                                                      February 23, 2023
      7        Jet Roadster               2           2 Maret 2023             THM #5 AKHLAK for Leaders 2023
                                                      March 2, 2023
      8        Jet Roadster               2           3 Maret 2023             Sosialisasi JM Click JetRoadster RBB
                                                      March 3, 2023            Socialization of JM Click JetRoadster RBB
      9        Jet Roadster               3           9 Maret 2023             JM Talk Preneurship Series Eps. 38 : Investasi Usaha Masa Depan
                                                      March 9, 2023            dengan Bisnis Waralaba
                                                                               JM Talk Preneurship Series Eps. 38: Investing in Future Business
                                                                               with a Franchise Business
      10       Jet Roadster               3           17 Maret 2023            JM Talk Technological Innovation Series Eps.12 “JM-Click 3.0 :
                                                      March 17, 2023           Beyond HC Information System”
      11       Jet Roadster               3           24 Maret 2023            JM Talk Health Series Eps. 16 : “Pola Hidup Sehat Roadster di Bulan
                                                      March 24, 2023           Ramadhan
                                                                               JM Talk Health Series Eps. 16 : “Roadster's Healthy Lifestyle in The
                                                                               Month of Ramadan
      12       Jet Roadster                1          29 Maret 2023            Sosialisasi Magang Generasi Bertalenta (Magenta) dan Magang
                                                      March 29, 2023           Studi Independen Bersertifikat (MSIB)
                                                                               Socialization of Talented Generation Internship (Magenta) and
                                                                               Certified Independent Study Internship (MSIB)
      13       Jet Roadster               2           31 Maret 2023            JM Talk Business Acumen Series Eps. 6 : Digital Marketing Best
                                                      March 31, 2023           Practice
      14       Jet Roadster               3           6 April 2023             Kiat Mengelola Usaha Kue menjadi Bisnis yang
                                                      April 6, 2023            Mendatangkan Profit
                                                                               Tips for Managing Cake Business into a Profitable Business
      15       Jet Roadster               2           14 April 2023            JM Talk Business Support Eps. 06 : Semangat berbagi di Bulan
                                                      April 14, 2023           Suci untuk Bersihkan Diri
                                                                               JM Talk Business Support Eps. 06: The spirit of sharing in The Holy
                                                                               Month to Purify Ourselves
      16       Jet Roadster               2           11 Mei 2023              JM Talk Health Series Eps. 17 : Tetap Fit & Sehat setelah Hari Raya
                                                      May 11, 2023             JM Talk Health Series Eps. 17: Stay Fit and Healthy after Hari Raya
      17       Jet Roadster               1           16 Mei 2023              JM Woman Empowerment Series Eps. 03 : Cerita Srikandi Jasa
                                                      May 16, 2023             Marga dalam Memberikan Pelayanan Lebaran Tahun 2023
                                                                               JM Woman Empowerment Series Eps. 03: Jasa Marga Heroine's
                                                                               Story in Providing Eid Services in 2023
      18       Jet Roadster               1           16 Juni 2023             Quality Day Unit Procurement and Fixed Asset Group-1
                                                      June 16, 2023
      19       Jet Roadster               1           21 Juli 2023             JM Preneurship Series 40 : Strategi Pengelolaan Usaha Kuliner di
                                                      July 21, 2023            Rest Area
                                                                               JM Preneurship Series 40: Culinary Business Management Strategy
                                                                               in Rest Area



192       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 193
                                                                            Profil Perusahaan
                                                                            Company Profile




        Tabel Learning Jet Roadster dan Officer Development Program (ODP) yang Dilaksanakan Tahun 2023
                        Table of Learning Jet Roadster and Officer Development Program (ODP) Held in 2023



                      Jumlah
                                     Waktu & Tempat
       Peserta        Peserta                                                                 Nama Pelatihan
No                                     Pelatihan
      Participants      Total                                                                  Training Name
                                    Training Date/Location
                     Participants

20   Jet Roadster         1         28 Juli 2023             JM Talk Health Series Eps. 18 : Efek Tingkat Polusi Udara terhadap
                                    July 28, 2023            Kondisi Kesehatan Tubuh
                                                             JM Talk Health Series Eps. 18: Effect of Air Pollution Levels on Body
                                                             Health Conditions
21   Jet Roadster         1         1 Agustus 2023           JM Talk Business Support Eps. 09 : Tingkatkan Brand Value
                                    August 1, 2023           Perusahaan dengan Kreasi Logo Baru Versi Kamu
                                                             JM Talk Business Support Eps. 09: Increase The Company's Brand
                                                             Value with Your New Logo Creation
22   Jet Roadster         1         2 Agustus 2023           Ngobras HC : Implementasi Budaya Akhlak sebagai bentuk
                                    August 2, 2023           Transformasi Human Capital di Perusahaan
                                                             Ngobras HC: Implementation of Moral Culture as a form of Human
                                                             Capital Transformation in The Company
23   Jet Roadster         2         18 Agustus 2023          JM Talk Business Support Eps. 10 : Penerapan Sistem Manajemen
                                    August 18, 2023          K3 dan Pencapaian Zero Accident
                                                             JM Talk Business Support Eps. 10: Implementation of The K3
                                                             Management System and Achieving Zero Accident
24   Jet Roadster         2         19 Oktober 2023          JM Preneurship Series 41 “Memahami Potensi Bisnis Franchise
                                    October 19, 2023         Warteg Masa Kini”
                                                             JM Preneurship Series 41 "Understanding The Potential of Today's
                                                             Warteg Franchise Business"
25   Jet Roadster         2         17 November 2023         Survei AKHLAK Berbasis NPS
                                    November 17, 2023        NPS Based AKHLAK Survey
26   Jet Roadster        23         21 November 2023         Webinar FHCI BUMN "Cyber Security Awareness"
                                    November 21, 2023        SOE FHCI Webinar "Cyber Security Awareness"
27   Jet Roadster        19         24 November 2023 JM Talk Health Series Eps. 20 : Jaminan Pemeliharaan Kesehatan
                                    November 24, 2023 Karyawan: Jaminan kesehatan Optimal, Kinerja Karyawan Maksimal
                                                      JM Talk Health Series Eps. 20: Employee Health Care Guarantee:
                                                      Optimal health insurance, Maximum Employee Performance
28   Jet Roadster         4         28 November 2023         Webinar Junior Web Developer
                                    November 28,
                                    2023
29   Jet Roadster         7         29 November 2023 Ngobras HC seri November 2023 : Rencana Cerdas
                                    November 29, 2023 Pengembangan Diri melalui EDP
                                                      Ngobras HC Series November 2023: Smart Personal Development
                                                      Plan through EDP
30   Jet Roadster         1         29 Maret 2023            Skills for Jobs Indonesia: Tingkatkan Keterampilanmu Sebagai Data
                                    March 29, 2023           Analyst dengan Microsoft Excel
                                                             Skills for Jobs Indonesia: Improve your skills as a data analyst with
                                                             Microsoft Excel
31   Jet Roadster         3         28 Maret 2023            Budaya Data Security Awareness
                                    March 28, 2023           Data Security Awareness Culture
32   Jet Roadster         1         29 Maret 2023            Discovering Peace: Stress and Anxiety Management for a Busy
                                    March 29, 2023           Work Life
33   Jet Roadster         1         04 April 2023            HRD Solution Forum - Be A Plus Way: How To Build Champion
                                    April 04, 2023
34   Jet Roadster         1         06 April 2023            Pembinaan Digital Talent BUMN bidang Data Science & Analytics
                                    April 06, 2023           Development of SOE Digital Talent in Data Science & Analytics
35   Jet Roadster         2         15 April 2023            Business Process Re-Engineering
                                    April 15, 2023
36   Jet Roadster         1         15 April 2023            Material and Capacity Planning Part 2
                                    April 15, 2023
37   Jet Roadster         1         05 Mei 2023              ISO 27001 Data Protection Series : Introduction
                                    May 05, 2023




                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   193
Page 194
                  Tabel Learning Jet Roadster dan Officer Development Program (ODP) yang Dilaksanakan Tahun 2023
                                      Table of Learning Jet Roadster and Officer Development Program (ODP) Held in 2023



                                    Jumlah
                                                      Waktu & Tempat
                Peserta             Peserta                                                            Nama Pelatihan
      No                                                Pelatihan
               Participants          Total                                                                Training Name
                                                    Training Date/Location
                                  Participants

       38     Jet Roadster               1          16 Mei 2023              Pembinaan Digital Talent BUMN di bidang Cloud Computing &
                                                    May 16, 2023             Networking
                                                                             Development of SOE Digital Talent in Cloud Computing &
                                                                             Networking
       39     Jet Roadster               1          25 Mei 2023              Software Development: Introduction to HTML & CSS
                                                    May 25, 2023
       40     Jet Roadster               1          31 Mei 2023              Digital Talent BUMN: UI/UX
                                                    May 31, 2023
       41     Jet Roadster               1          13 Juli 2023             Webinar I2RI : Project Retrospective Intelligent Transport System
                                                    July 13, 2023            Framework & Implementation
       42     Jet Roadster               1          25 Juli 2023             Pelatihan SAP Analytic Cloud Batch - 2
                                                    July 25, 2023            SAP Analytics Cloud Batch Training - 2
       43     Jet Roadster               1          04 Agustus 2023          Opening Meeting Pelaksanaan Audit Internal atas Sistem
                                                    August 04, 2023          Manajemen Anti Penyuapan (SMAP)
                                                                             Opening Meeting Implementation of Internal Audit of Anti-Bribery
                                                                             Management System (SMAP)
       44     Jet Roadster               1          15 Agustus 2023          Belajar Multi Tasking dari Pimpinan Multi Talenta
                                                    August 15, 2023          Learn Multi Tasking from Multi Talent Leaders
       45     Jet Roadster             23           2-6 Oktober 2023         Pelatihan Kejasamargaan Jet Roadster RBB 2023
                                                    October 2-6, 2023        RBB Jet Roadster Corporate Community Training 2023
       46     Jet Roadster             25           10-23 Oktober            Healthy Living, Happy Working : Seminar dan Konseling Hidup
                                                    2023                     Sehat Jet Roadster RBB 2023
                                                    October 10-23,           Healthy Living, Happy Working: Jet Roadster RBB Healthy Living
                                                    2023                     Seminar and Counseling 2023
       47     Jet Roadster              6           9-10 Januari 2023        Program Pengembangan Jet Roadster Rekrut Bersama
                                                    January 9-10, 2023       BUMN 2022 : Coaching and Counseling Session for Excellent
                                                                             Performance (Tahap 2)
                                                                             Jet Roadster Development Program for Recruitment with BUMN
                                                                             2022: Coaching and Counseling Session for Excellent Performance
                                                                             (Phase 2)
       48     Jet Roadster              2           24 Maret 2023            Connecting Digital Strategy and Ambidextrous Leadership to
                                                    Marrch 24, 2023          Accelerate Business Growth
       49     Jet Roadster             23           9-10 Oktober 2023        Pengembangan Soft Skill Jet Roadster 2023 The Persuasive
                                                    October 9-10, 2023       Communicator
                                                                             2023 Jet Roadster Soft Skill Development The Persuasive
                                                                             Communicator
      50      Jet Roadster             23           12-13 Oktober 2023       IntraPreneur Class : Workshop Design Thinking Jet Roadster 2023
                                                    October 12-13, 2023
       51     Jet Roadster               1          23 Februari 2023         JM Talk Business Support Mental Health Awareness Positive Mind,
                                                    February 23, 2023        Positive Life
       52     Jet Roadster              5           16 Februari 2023         JM Talk Leadership Series
                                                    February 16, 2023
       53     Jet Roadster              5           17 Februari 2023         JM Talk Operational Services
                                                    February 17, 2023
      Total                           255




194     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 195
                                                                        Profil Perusahaan
                                                                        Company Profile




Pendidikan dan/atau Pelatihan Dewan
Komisaris, Direksi, Komite-Komite, Sekretaris
Perusahaan, Unit Audit Internal dan Unit
Manajemen Risiko
Education and/or Training for Board of Commissioners, Board of
Directors, Committees, Corporate Secretary, Internal Audit Unit,
and Risk Management Unit
Pendidikan dan/atau pelatihan yang diikuti oleh               Education and/or training participated by the Board
Dewan Komisaris, Direksi, Komite-Komite, Sekretaris           of Commissioners, Board of Directors, Committees,
Perusahaan, Unit Audit Internal dan Unit Manajemen            Corporate Secretary, Internal Audit Unit, and Risk
Risiko hingga 31 Desember 2023 adalah sebagai berikut:        Management Unit as of December 31, 2023 were as
                                                              follows:


Pengembangan Kompetensi Dewan Komisaris
Board of Commissioners Competency Development
                                Tabel Pengembangan Kompetensi Dewan Komisaris
                                 Table of Board of Commissioners Competency Development



                                                                                             Waktu dan
                                                                                              Tempat
    Nama          Jabatan     Materi Pengembangan Kompetensi/Pelatihan                                                 Penyelenggara
    Name          Position        Subject of Competency Development/Training                Pelaksanaan                      Provider
                                                                                          Implementation Date
                                                                                              and Location

Mohammad       Komisaris      Pelatihan & Sertifikasi QRGP                                6 Desember 2023           Center for Risk
Zainal Fatah   Utama          QRGP Training & Certification                               December 6, 2023          Management
               President                                                                                            & Sustainability
               Commissioner                                                                                         (CRMS)
M. Roskanedi   Komisaris      GRC Masterclass Program 2023 : Risk                         7 September 2023          Kementerian BUMN
               Commissioner   Management Effectiveness Evaluation                         September 7,              Ministry of State
                                                                                          2023                      Owned Enterprises
                              GRC Masterclass Program 2023: Sosialisasi                   14 September              Kementerian BUMN
                              Pemeringkatan BUMN & Anak Perusahaan                        2023                      Ministry of State
                              BUMN                                                        September 14,             Owned Enterprises
                              GRC Masterclass Program 2023: Socialization of              2023
                              SOE Ratings & SOE Subsidiaries
                              GRC Masterclass Program 2023: ESG for                       27 September              Kementerian BUMN
                              Boards – Governance of ESG                                  2023                      Ministry of State
                                                                                          September 27,             Owned Enterprises
                                                                                          2023
                              GRC Masterclass Program 2023: Joint Venture                 19 Oktober 2023           Kementerian BUMN
                              between SOE and Private Sector                              October 19, 2023          Ministry of State
                                                                                                                    Owned Enterprises
                              GRC Masterclass Program 2023: GRC                           5 Oktober 2023            Kementerian BUMN
                              Integrated Information for Supervisionary Board             October 5, 2023           Ministry of State
                                                                                                                    Owned Enterprises
                              GRC Masterclass Program 2023: CG                            25 Oktober 2023           Kementerian BUMN
                              Methodology and Environmental and Social                    October 25, 2023          Ministry of State
                              Management Systems                                                                    Owned Enterprises
                              Pelatihan & Sertifikasi QRGP & CERG                         12 Desember 2023 Center for Risk
                              QRGP & CERG Training & Certification                        December 12,     Management
                                                                                          2023             & Sustainability
                                                                                                           (CRMS)




                                                                                            Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                               195
Page 196
                                                   Tabel Pengembangan Kompetensi Dewan Komisaris
                                                    Table of Board of Commissioners Competency Development



                                                                                                        Waktu dan
                                                                                                         Tempat
         Nama                Jabatan             Materi Pengembangan Kompetensi/Pelatihan                                    Penyelenggara
         Name                 Position               Subject of Competency Development/Training        Pelaksanaan                Provider
                                                                                                     Implementation Date
                                                                                                         and Location

      Raja Erizman      Komisaris               GRC Masterclass Program 2023: ESG for               27 September           Kementerian BUMN
                        Commissioner            Boards – Governance of ESG                          2023                   Ministry of State
                                                                                                    September 27,          Owned Enterprises
                                                                                                    2023
                                                Pelatihan QRGP & CERG (Non Sertifikasi)             6 Desember 2023        Center for Risk
                                                QRGP & CERG Training (Non Certification)            December 6, 2023       Management
                                                                                                                           & Sustainability
                                                                                                                           (CRMS)
      Chandra           Komisaris               Workshop Non-Financial & Sustainability             22-23 Juni 2023        Pusat
      Wijaya            Independen              Reporting for Executive Level                       June 22-23, 2023       Pengembangan
                        Independent                                                                                        Akuntansi (PPA)
                        Commissioner                                                                                       Fakultas Ekonomi
                                                                                                                           dan Bisnis (FEB)
                                                                                                                           Universitas
                                                                                                                           Indonesia (UI)
                                                                                                                           Accounting
                                                                                                                           Development Center
                                                                                                                           (PPA) Faculty of
                                                                                                                           Economics and
                                                                                                                           Business (FEB)
                                                                                                                           University of
                                                                                                                           Indonesia (UI)
                                                GRC Masterclass Program 2023: ESG for               13 Juli 2023           Kementerian BUMN
                                                Auditor                                             July 13, 2023          Ministry of State
                                                                                                                           Owned Enterprises
                                                GRC Masterclass Program 2023: Pre IPO and           10 Agustus 2023        Kementerian BUMN
                                                Post IPO                                            August 10, 2023        Ministry of State
                                                                                                                           Owned Enterprises
                                                GRC Masterclass Program 2023: Pemeringkatan         10 Agustus 2023        Kementerian BUMN
                                                & Penerbitan Efek Bersifat Utang & Sukuk            August 10, 2023        Ministry of State
                                                (EBUS)                                                                     Owned Enterprises
                                                GRC Masterclass Program 2023: Rating &
                                                Issuance of Debt Securities & Sukuk (EBUS)
                                                The IIA Indonesia National Conference &             30 Agustus - 1         IIA Indonesia
                                                Workshop                                            September 2023
                                                                                                    August 30 -
                                                                                                    September 1, 2023
                                                GRC Masterclass Program 2023: Sosialisasi           14 September           Kementerian BUMN
                                                Pemeringkatan BUMN & Anak Perusahaan                2023                   Ministry of State
                                                BUMN                                                September 14,          Owned Enterprises
                                                GRC Masterclass Program 2023: Socialization of      2023
                                                SOE Ratings & SOE Subsidiaries
                                                GRC Masterclass Program 2023: ESG for               27 September           Kementerian BUMN
                                                Boards – Governance of ESG                          2023                   Ministry of State
                                                                                                    September 27,          Owned Enterprises
                                                                                                    2023
                                                GRC Masterclass Program 2023: Joint Venture         19 Oktober 2023        Kementerian BUMN
                                                between SOE and Private Sector                      October 19, 2023       Ministry of State
                                                                                                                           Owned Enterprises
                                                GRC Masterclass Program 2023: GRC                   5 Oktober 2023         Kementerian BUMN
                                                Integrated Information for Supervisionary Board     October 5, 2023        Ministry of State
                                                                                                                           Owned Enterprises




196     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 197
                                                                    Profil Perusahaan
                                                                    Company Profile




                            Tabel Pengembangan Kompetensi Dewan Komisaris
                             Table of Board of Commissioners Competency Development



                                                                                         Waktu dan
                                                                                          Tempat
   Nama       Jabatan     Materi Pengembangan Kompetensi/Pelatihan                                                 Penyelenggara
   Name       Position        Subject of Competency Development/Training                Pelaksanaan                      Provider
                                                                                      Implementation Date
                                                                                          and Location

Chandra    Komisaris      Kelas Khusus Sertifikasi Indonesia Internal Audit           27 Oktober 2023           IIA Indonesia
Wijaya     Independen     Practitioner (IIAP)                                         October 27, 2023
           Independent    Special Class for Indonesian Internal Audit
           Commissioner   Practitioner (IIAP) Certification
                          Seminar Nasional & Kunjungan Proyek                         8 November 2023           Himpunan
                          “Pembiayaan Kreatif dan Berkelanjutan                       November 8, 2023          Pengembang Jalan
                          Pembangunan Jalan di Indonesia”                                                       Indonesia (HPJI)
                          National Seminar & Project Visit "Creative and                                        Association of
                          Sustainable Financing of Road Development in                                          Indonesian Road
                          Indonesia"                                                                            Developers (HJPI)
                          GRC Masterclass Program 2023: CG                            25 Oktober 2023           Kementerian BUMN
                          Methodology and Environmental and Social                    October 25, 2023          Ministry of State
                          Management Systems                                                                    Owned Enterprises
                          Pelatihan & Sertifikasi QRGP & CERG                         12 Desember 2023 Center for Risk
                          QRGP & CERG Training & Certification                        December 12,     Management
                                                                                      2023             & Sustainability
                                                                                                       (CRMS)
Seppalga   Komisaris      GRC Masterclass Program 2023: ESG for                       13 Juli 2023              Kementerian BUMN
Ahmad      Independen     Auditor                                                     July 13, 2023             Ministry of State
                                                                                                                Owned Enterprises
                          GRC Masterclass Program 2023: Pre IPO and                   10 Agustus 2023           Kementerian BUMN
                          Post IPO                                                    August 10, 2023           Ministry of State
                                                                                                                Owned Enterprises
                          GRC Masterclass Program 2023: Pemeringkatan                 10 Agustus 2023           Kementerian BUMN
                          & Penerbitan Efek Bersifat Utang & Sukuk                    August 10, 2023           Ministry of State
                          (EBUS)                                                                                Owned Enterprises
                          GRC Masterclass Program 2023: Rating &
                          Issuance of Debt Securities & Sukuk (EBUS)
                          The IIA Indonesia National Conference &                     30 Agustus - 1            IIA Indonesia
                          Lokakarya                                                   September 2023
                                                                                      August 30 -
                                                                                      September 1, 2023
                          GRC Masterclass Program 2023: ESG for                       27 September              Kementerian BUMN
                          Boards – Governance of ESG                                  2023                      Ministry of State
                                                                                      September 27,             Owned Enterprises
                                                                                      2023
                          Certified Risk Executive Leader (CREL) Batch 2              13-21 November            BPKP (Badan
                                                                                      2023                      Pengawas Keuangan
                                                                                      November 13-21,           dan Pembangunan)
                                                                                      2023                      BPKP (Financial
                                                                                                                and Development
                                                                                                                Supervisory Agency)
Marsetio   Komisaris      Risk Beyond 2023                                            7-8 Desember              Center for Risk
           Independen                                                                 2023                      Management
           Independent                                                                December 7-8,             & Sustainability
           Commissioner                                                               2023                      (CRMS)




                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                           197
Page 198
                                                   Tabel Pengembangan Kompetensi Dewan Komisaris
                                                    Table of Board of Commissioners Competency Development



                                                                                                             Waktu dan
                                                                                                              Tempat
         Nama                Jabatan             Materi Pengembangan Kompetensi/Pelatihan                                        Penyelenggara
         Name                 Position               Subject of Competency Development/Training             Pelaksanaan              Provider
                                                                                                        Implementation Date
                                                                                                            and Location

      Abdul             Komisaris               GRC Masterclass Program 2023: Risk                      7 September 2023      Kementerian BUMN
      Rachman           Independen              Management Effectiveness Evaluation                     September 7,          Ministry of State
                        Independent                                                                     2023                  Owned Enterprises
                        Commissioner
                                                GRC Masterclass Program 2023: Sosialisasi               14 September          Kementerian BUMN
                                                Pemeringkatan BUMN & Anak Perusahaan                    2023                  Ministry of State
                                                BUMN                                                    September 14,         Owned Enterprises
                                                GRC Masterclass Program 2023: Socialization of          2023
                                                SOE Ratings & SOE Subsidiaries
                                                GRC Masterclass Program 2023: Joint Venture             19 Oktober 2023       Kementerian BUMN
                                                between SOE and Private Sector                          October 19, 2023      Ministry of State
                                                                                                                              Owned Enterprises
                                                GRC Masterclass Program 2023: GRC                       5 Oktober 2023        Kementerian BUMN
                                                Integrated Information for Supervisionary Board         October 5, 2023       Ministry of State
                                                                                                                              Owned Enterprises
                                                GRC Masterclass Program 2023: CG                        25 Oktober 2023       Kementerian BUMN
                                                Methodology and Environmental and Social                October 25, 2023      Ministry of State
                                                Management Systems                                                            Owned Enterprises
                                                Pelatihan QRGP & CERG (Non Sertifikasi)                 6 Desember 2023       Center for Risk
                                                QRGP & CERG Training (Non Certification)                December 6, 2023      Management
                                                                                                                              & Sustainability
                                                                                                                              (CRMS)
                                                Konferensi Nasional Profesi Manajemen                   14-15 Desember        Lembaga Sertifikasi
                                                Risiko IX-2023 "Navigating Country Risk                 2023                  Profesi Manajemen
                                                for Sustainable Growth: Opportunities and               December 14-15,       Risiko (LSPMR)
                                                Challenges"                                             2023                  Risk Management
                                                National Conference of Risk Management                                        Professional
                                                Profession IX-2023 "Navigating Country Risk                                   Certification Institute
                                                for Sustainable Growth: Opportunities and                                     (LSPMR)
                                                Challenges"




  Pengembangan Kompetensi Direksi
  Board of Directors Competency Development


                                                             Tabel Pengembangan Kompetensi Direksi
                                                       Table of Board of Directors Competency Development



                                                                                                    Waktu dan Tempat
                                                     Materi Pengembangan Kompetensi/
         Nama                 Jabatan                                                                 Pelaksanaan               Penyelenggara
         Name                  Position
                                                                 Pelatihan                                                           Provider
                                                                                                   Implementation Date and
                                                   Subject of Competency Development/Training
                                                                                                          Location

      Subakti           Direktur Utama            Narasumber Acara Kegiatan Sosialisasi           20 Februari 2023            Yayasan Narasi Anak
      Syukur            President Director        Rencana Pembangunan Ruas Jalan Tol              February 20, 2023           Bangsa Kabupaten
                                                  Bumiayu                                                                     Tegal
                                                  Speaker for the Socialization of the
                                                  Development Plan of the Bumiayu Toll
                                                  Road Section




198     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 199
                                                                       Profil Perusahaan
                                                                       Company Profile




                                     Tabel Pengembangan Kompetensi Direksi
                                  Table of Board of Directors Competency Development



                                                                                 Waktu dan Tempat
                                Materi Pengembangan Kompetensi/
   Nama       Jabatan                                                              Pelaksanaan                        Penyelenggara
   Name        Position
                                            Pelatihan                                                                      Provider
                                                                               Implementation Date and
                               Subject of Competency Development/Training
                                                                                      Location

Subakti   Direktur Utama       Narasumber Acara Kegiatan Dialog              28 Maret 2023                        Kepala Divisi
Syukur    President Director   Publik "Kesiapan Jasa Marga Dalam             March 28, 2023                       Hubungan
                               Menghadapi Lebaran Tahun 2023"                                                     Masyarakat
                               Speaker for Public Dialogue Event "Jasa                                            Kepolisian Negara
                               Marga Readiness in Facing Eid Al-Fitr in                                           Republik Indonesia
                               2023"                                                                              Head of the Public
                                                                                                                  Relations Division
                                                                                                                  of the Indonesian
                                                                                                                  National Police
                               Narasumber Dalam Acara Kegiatan               30 Maret 2023                        Tempo
                               Ngobrol di Tempo mengenai Kesiapan            March 30, 2023
                               Mudik Lebaran Tahun 2023
                               Speaker at the Ngobrol di Tempo event
                               on the Readiness of Lebaran Mudik in
                               2023
                               Narasumber dalam Acara Kegiatan               4 Juni 2023                          Kompas
                               Forum Group Discussion (FGD)                  June 4, 2034
                               Kementerian Perhubungan "Mudik
                               Aman, Mudik Nyaman"
                               Speaker at the Ministry of
                               Transportation's Forum Group
                               Discussion (FGD) Event "Safe Mudik,
                               Comfortable Mudik"
                               Narasumber dalam Acara Kegiatan               12 April 2023                        Kepolisian Daerah
                               Kesiapan Sarana dan Prasarana Jalan           April 12, 2023                       Jawa Tengah
                               Tol dalam Mewujudkan Mudik Aman dan                                                Central Java Regional
                               Berkesan di Provinsi Jawa Tengah                                                   Police
                               Resource person at the Toll Road
                               Facilities and Infrastructure Readiness
                               Event in Realizing Safe and Memorable
                               Mudik in Central Java Province
                               Narasumber dalam Acara Kegiatan               13 April 2023                        Detik.Com
                               "Mudik Aman Berkesan"                         April 13, 2023
                               Speakers at the "Safe and Memorable
                               Homecoming" Activity Event
                               Narasumber dalam Acara Kegiatan                9 Juni 2023                         Universitas Indonesia
                               "Stategi Pengelolaan Jalan Tol dalam          June 9, 2023                         University of
                               Melayani Arus Lalu Lintas Mudik dan                                                Indonesia
                               Balik Lebaran 2023"
                               Speaker at the Event "Toll Road
                               Management Strategies in Serving
                               the 2023 Eid Mudik and Balik Lebaran
                               Traffic Flows"
                               Narasumber dalam Acara Kegiatan               20 Juni 2023                         Perhimpunan Pelajar
                               "CEO Talk Karakter Bisnis Jalan Tol           June 20, 2023                        & Masyarakat
                               dan Peluang Kerja Di PT Jasa Marga                                                 Indonesia
                               (Persero) Tbk"                                                                     Birmingham
                               Speaker at the "CEO Talk Toll                                                      Birmingham
                               Road Business Characters and Job                                                   Association of
                               Opportunities at PT Jasa Marga                                                     Indonesian Students
                               (Persero) Tbk" event.                                                              & Communities
                               Narasumber dalam Acara Kegiatan               19 September 2023                    Perhimpunan Pelajar
                               "CEO Talk Diaspora"                           September 19, 2023                   & Masyarakat
                               Speaker at the "CEO Talk Diaspora"                                                 Indonesia
                               Event                                                                              Birmingham
                                                                                                                  Birmingham
                                                                                                                  Association of
                                                                                                                  Indonesian Students
                                                                                                                  & Communities




                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                              199
Page 200
                                                           Tabel Pengembangan Kompetensi Direksi
                                                     Table of Board of Directors Competency Development



                                                                                                Waktu dan Tempat
                                                   Materi Pengembangan Kompetensi/
      Nama                  Jabatan                                                               Pelaksanaan               Penyelenggara
       Name                  Position
                                                               Pelatihan                                                        Provider
                                                                                               Implementation Date and
                                                 Subject of Competency Development/Training
                                                                                                      Location

  Pramitha            Direktur                  Undangan Rapat Kinerja s.d. Triwulan III      27-28 Juni 2023            PT Jasa Marga
  Wulanjani           Keuangan dan              Tahun 2023                                    June 27-28, 2023           (Persero) Tbk
                      Manajemen Risiko          Invitation to the Performance Meeting of
                      Director of               the Third Quarter 2023
                      Finance and Risk
                                                Workshop Personal Effectiveness With          9-12 Januari 2023          Iradat Consulting
                      Management
                                                Myers Briggs Type Indicator (MBTI)            January 9-12, 2023
                                                Team Building JM Executive Summit             22 Januari 2023            PT Jasa Marga
                                                2023                                          June 22, 2023              (Persero) Tbk
                                                Pelatihan dan Sertifikasi Qualified Risk      4 Juli 2023                Center for Risk
                                                Governance Professional (QRGP)                July 4, 2023               Management &
                                                Qualified Risk Governance Professional                                   Sustainability (CRMS)
                                                (QRGP) Training and Certification                                        & Lembaga Sertifikasi
                                                                                                                         Profesi Mitra Kalyana
                                                                                                                         Sejahtera (LSP MKS)
                                                Sosialisasi IFRS Sustainability Disclosure    12 Juli 2023               Kementerian BUMN
                                                Standards                                     July 12, 2023              Ministry of State
                                                Socialization of IFRS Sustainability                                     Owned Enterprises
                                                Disclosure Standards
                                                GRC Masterclass Program 2023: Pre             10 Agustus 2023            Kementerian BUMN
                                                IPO dan Post IPO                              August 10, 2023            Ministry of State
                                                                                                                         Owned Enterprises
                                                GRC Masterclass Program 2023:                 10 Agustus 2023            Kementerian BUMN
                                                Pemeringkatan & Penerbitan Efek               August 10, 2023            Ministry of State
                                                Bersifat Utang & Sukuk (EBUS)                                            Owned Enterprises
                                                GRC Masterclass Program 2023: Rating
                                                & Issuance of Debt Securities & Sukuk
                                                (EBUS)
                                                GRC Masterclass Program 2023:                 14 September 2023          Kementerian BUMN
                                                Sosialisasi Pemeringkatan BUMN &              September 14, 2023         Ministry of State
                                                Anak Perusahaan BUMN                                                     Owned Enterprises
                                                GRC Masterclass Program 2023:
                                                Socialization of SOE Ratings & SOE
                                                Subsidiaries
                                                GRC Masterclass Program 2023: ESG             27 September 2023          Kementerian BUMN
                                                for Boards – Governance of ESG                September 27, 2023         Ministry of State
                                                                                                                         Owned Enterprises
                                                GRC Masterclass Program 2023: Joint           19 Oktober 2023            Kementerian BUMN
                                                Venture between SOE and Private               October 19, 2023           Ministry of State
                                                Sector                                                                   Owned Enterprises
                                                GRC Masterclass Program 2023                  5 Oktober 2023             Kementerian BUMN
                                                : GRC Integrated Information For              October 5, 2023            Ministry of State
                                                Supervisionary Board                                                     Owned Enterprises
                                                GRC Masterclass Program 2023: CG              25 Oktober 2023            Kementerian BUMN
                                                Methodology and Environmental and             October 25, 2023           Ministry of State
                                                Social Management Systems                                                Owned Enterprises
                                                Pelatihan & Sertifikasi CERG                  12 Desember 2023           Center for Risk
                                                CERG Training & Certification                 December 12, 2023          Management &
                                                                                                                         Sustainability (CRMS)
                                                                                                                         & Lembaga Sertifikasi
                                                                                                                         Profesi Mitra Kalyana
                                                                                                                         Sejahtera (LSP MKS)




200   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 201
                                                                           Profil Perusahaan
                                                                           Company Profile




                                         Tabel Pengembangan Kompetensi Direksi
                                      Table of Board of Directors Competency Development



                                                                                     Waktu dan Tempat
                                    Materi Pengembangan Kompetensi/
   Nama              Jabatan                                                           Pelaksanaan                        Penyelenggara
    Name             Position
                                                Pelatihan                                                                      Provider
                                                                                   Implementation Date and
                                   Subject of Competency Development/Training
                                                                                          Location

Mohamad         Direktur           Undangan Rapat Kinerja s.d. Triwulan III      27-28 Juni 2023                      PT Jasa Marga
Agus            Pengembangan       Tahun 2023                                    June 27-28, 2023                     (Persero) Tbk
Setiawan        Usaha              Invitation to the Performance Meeting of
                Director of        the Third Quarter 2023
                Business
                                   Team Building JM Executive Summit             22 Januari 2023                      PT Jasa Marga
                Development
                                   2023                                          January 22, 2023                     (Persero) Tbk
                                   Asia Australia Road Conference (REAAA         25-27 Agustus 2023                   REAAA
                                   2023)                                         August 25-27, 2023
                                   GRC Masterclass Program 2023: ESG             27 September 2023                    Kementerian BUMN
                                   for Boards – Governance of ESG                September 27, 2023                   Ministry of State
                                                                                                                      Owned Enterprises
                                   GRC Masterclass Program 2023:                 5 Oktober 2023                       Kementerian BUMN
                                   GRC Integrated Information For                October 5, 2023                      Ministry of State
                                   Supervisionary Board                                                               Owned Enterprises
                                   Seminar Nasional & Kunjungan Proyek           8 November 2023                      Himpunan
                                   “Pembiayaan Kreatif dan Berkelanjutan         November 8, 2023                     Pengembang Jalan
                                   Pembangunan Jalan di Indonesia”                                                    Indonesia
                                   National Seminar & Project Visit                                                   Association of
                                   "Creative and Sustainable Financing of                                             Road Developers in
                                   Road Development in Indonesia"                                                     Indonesia
                                   GRC Masterclass Program 2023: CG              25 Oktober 2023                      Kementerian BUMN
                                   Methodology and Environmental and             October 25, 2023                     Ministry of State
                                   Social Management Systems                                                          Owned Enterprises
                                   Business Essentials Masterclass:              27-28 Oktober 2023                   BUMN School of
                                   Strategic Management                          October 27-28, 2023                  Excellence (BSE)
Reza            Direktur Bisnis    Undangan Rapat Kinerja s.d. Triwulan III      27-28 Juni 2023                      PT Jasa Marga
Febriano        Director of        Tahun 2023                                    June 27-28, 2023                     (Persero) Tbk
                Business           Invitation to the Performance Meeting of
                                   the Third Quarter 2023
                                   Team Building JM Executive Summit             22 Januari 2023                      PT Jasa Marga
                                   2023                                          January 22, 2023                     (Persero) Tbk
                                   GRC Masterclass Program 2023:                 14 September 2023                    Kementerian BUMN
                                   Sosialisasi Pemeringkatan BUMN &              September 14, 2023                   Ministry of State
                                   Anak Perusahaan BUMN                                                               Owned Enterprises
Fitri Wiyanti   Direktur Operasi   Undangan Rapat Kinerja s.d. Triwulan III      27-28 Juni 2023                      PT Jasa Marga
                Director of        Tahun 2023                                    June 27-28, 2023                     (Persero) Tbk
                Operations         Invitation to the Performance Meeting of
                                   the Third Quarter 2023
                                   GRC Masterclass Program 2023: Joint           19 Oktober 2023                      Kementerian BUMN
                                   Venture between SOE and Private               October 19, 2023                     Ministry of State
                                   Sector                                                                             Owned Enterprises




                                                                                               Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  201
Page 202
                                                           Tabel Pengembangan Kompetensi Direksi
                                                     Table of Board of Directors Competency Development



                                                                                                Waktu dan Tempat
                                                   Materi Pengembangan Kompetensi/
      Nama                  Jabatan                                                               Pelaksanaan              Penyelenggara
       Name                  Position
                                                               Pelatihan                                                       Provider
                                                                                               Implementation Date and
                                                 Subject of Competency Development/Training
                                                                                                      Location

  Bagus Cahya         Direktur Human            Undangan Rapat Kinerja s.d. Triwulan III      27-28 Juni 2023            PT Jasa Marga
  Arinta B.           Capital &                 Tahun 2023                                    June 27-28, 2023           (Persero) Tbk
                      Transformasi              Invitation to the Performance Meeting of
                      Director of               the Third Quarter 2023
                      Human Capital &
                                                Webinar FHCI BUMN "Cyber Security             21 November 2023           Forum Human Capital
                      Transformation
                                                Awareness"                                    November 21, 2023          Indonesia
                                                Kick Off & Sosialisasi Survei Keterikatan     23 November 2023           PT Jasa Marga
                                                Karyawan ( Employee Engagement                November 23, 2023          (Persero) Tbk
                                                Survey ) Tahun 2023 di Lingkungan Jasa
                                                Marga Group
                                                Kick Off & Socialization of the Employee
                                                Engagement Survey 2023 within the
                                                Jasa Marga Group
                                                Sosialisasi IFRS Sustainability Disclosure    12 Juli 2023               Kementerian BUMN
                                                Standards                                     July 12, 2023              Ministry of State
                                                Socialization of IFRS Sustainability                                     Owned Enterprises
                                                Disclosure Standards
                                                Sharing Session AKHLAK BUMN: Peran            9 Agustus 2023             Forum Human Capital
                                                Budaya AKHLAK dalam Menyukseskan              August 9, 2023             Indonesia
                                                Transformasi Organisasi dan
                                                Peningkatan Kinerja Perusahaan
                                                SOE AKHLAK Sharing Session: The
                                                Role of AKHLAK Culture in Successful
                                                Organizational Transformation and
                                                Improving Company Performance
                                                GRC Masterclass Program 2023:                 16 Agustus 2023            Kementerian BUMN
                                                Introduction to ESG & IFC Performance         August 16, 2023            Ministry of State
                                                Standards                                                                Owned Enterprises
                                                Training Chief Human Resource Officers        20 September -             Forum Human Capital
                                                School 2023                                   8 Desember 2023            Indonesia
                                                                                              September 20 -
                                                                                              December 8, 2023
                                                The 4th Indonesia Human Capital               6-7 November 2023          Forum Human Capital
                                                Summit 2023 "Navigating Human                 November 6-7, 2023         Indonesia
                                                Experience Journey For Value Creation
                                                And Sustainability"
                                                Peringatan Hari Ibu Tahun 2023                13 Desember 2023           Srikandi BUMN
                                                Commemoration of Mother's Day 2023            December 13, 2023          Indonesia




202   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 203
                                                                          Profil Perusahaan
                                                                          Company Profile




Pengembangan Kompetensi Komite Audit
Audit Committee Competency Development

                                      Tabel Pengembangan Kompetensi Komite Audit
                                       Table of Audit Committee Competency Development



                                              Materi Pengembangan                  Waktu dan Tempat
       Nama             Jabatan               Kompetensi/Pelatihan                   Pelaksanaan                        Penyelenggara
        Name             Position        Subject of Competency Development/      Implementation Date and                      Provider
                                                       Training                         Location

Chandra Wijaya       Ketua
                     Chairman            Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
Seppalga Ahmad       Anggota             Disclosed in Board of Commissioners Competency Development Section
                     Member
Mohammad Fahmi       Anggota             Pelatihan dan Sertifikasi Qualified     6-8 Desember 2023                 Center for Risk
Arkanuddin           Member              Risk Governance Professional            December 6-8, 2023                Management &
                                         (QRGP)                                                                    Sustainability (CRMS)
                                         Professional (QRGP) Qualified                                             & Lembaga Sertifikasi
                                         Risk Governance Professional                                              Profesi Mitra Kalyana
                                         (QRGP) Training and Certification                                         Sejahtera (LSP MKS)
Siti Purnama Rizki   Anggota             Pelatihan dan Sertifikasi Qualified     6-8 Desember 2023                 Center for Risk
                     Member              Risk Governance Professional            December 6-8, 2023                Management &
                                         (QRGP)                                                                    Sustainability (CRMS)
                                         Professional (QRGP) Qualified                                             & Lembaga Sertifikasi
                                         Risk Governance Professional                                              Profesi Mitra Kalyana
                                         (QRGP) Training and Certification                                         Sejahtera (LSP MKS)




Pengembangan Kompetensi Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Competency Development

                        Tabel Pengembangan Kompetensi Komite Nominasi dan Remunerasi
                         Table of Nomination and Remuneration Committee Competency Development



                                                 Materi Pengembangan               Waktu dan Tempat
       Nama                Jabatan               Kompetensi/Pelatihan                Pelaksanaan                        Penyelenggara
        Name               Position               Subject of Competency          Implementation Date and                      Provider
                                                   Development/Training                 Location

Marsetio             Ketua
                     Chairman                 Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
Raja Erizman         Anggota                  Disclosed in Board of Commissioners Competency Development Section
                     Member
Chitra Mardi R.      Anggota                  Pelatihan dan Sertifikasi          6-8 Desember 2023                 Center for Risk
                     Member                   Qualified Risk Governance          December 6-8, 2023                Management &
                                              Professional (QRGP)                                                  Sustainability (CRMS)
                                              Professional (QRGP)                                                  & Lembaga Sertifikasi
                                              Qualified Risk Governance                                            Profesi Mitra Kalyana
                                              Professional (QRGP) Training                                         Sejahtera (LSP MKS)
                                              and Certification




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 203
Page 204
 Pengembangan Kompetensi Komite Risiko dan Hukum
 Risk and Legal Committee Competency Development

                                           Tabel Pengembangan Kompetensi Komite Risiko dan Hukum
                                                Table of Risk and Legal Committee Competency Development



                                                                                              Waktu dan Tempat
                                                   Materi Pengembangan Kompetensi/
        Nama                 Jabatan                                                            Pelaksanaan              Penyelenggara
        Name                  Position
                                                               Pelatihan                                                      Provider
                                                                                               Implementation Date
                                                 Subject of Competency Development/Training
                                                                                                   and Location

  M. Roskanedi           Ketua
                         Chairman              Dapat dilihat pada pembahasan Pengembangan Kompetensi Dewan Komisaris
  Abdul Rachman          Anggota               Disclosed in Board of Commissioners Competency Development Section
                         Member
  Tjahjanto              Anggota               Ujian Sertifikasi Certified Risk Management    27-30 Januari 2023     PT RAP Indonesia
  Budisatrio             Member                Officer (CRMO) Level II                        January 27-30,
                                               Certified Risk Management Officer (CRMO)       2023
                                               Level II Certification Exam
                                               Masterclass Program Series XXII, Risk          31 Agustus-            Lembaga Sertifikasi
                                               Capacity The Fundamental Missing Puzzle        1 September 2023       Profesi Manajemen
                                               In Risk Management Practice                    August 31-             Risiko
                                                                                              September 1, 2023      Risk Management
                                                                                                                     Professional
                                                                                                                     Certification Institute
                                               GRC Masterclass Program 2023: Risk             7 September 2023       Kementerian BUMN
                                               Management Effectiveness Evaluation            September 7, 2023      Ministry of State
                                                                                                                     Owned Enterprises
                                               GRC Masterclass Program 2023: ESG for          27 September 2023 Kementerian BUMN
                                               Boards – Governance of ESG                     September 27,     Ministry of State
                                                                                              2023              Owned Enterprises
                                               GRC Masterclass Program 2023: CG               25 Oktober 2023        Kementerian BUMN
                                               Methodology and Environmental and              October 25, 2023       Ministry of State
                                               Social Management Systems                                             Owned Enterprises
                                               Pelatihan & Sertifikasi QRGP & CERG            6 Desember 2023        Center for Risk
                                               QRGP & CERG Training & Certification           December 6, 2023       Management &
                                                                                                                     Sustainability (CRMS)
                                                                                                                     & Lembaga Sertifikasi
                                                                                                                     Profesi Mitra Kalyana
                                                                                                                     Sejahtera (LSP MKS)
                                               Risk Beyond 2023                               7-8 Desember           Center for Risk
                                                                                              2023                   Management &
                                                                                              December 7-8,          Sustainability (CRMS)
                                                                                              2023                   & Lembaga Sertifikasi
                                                                                                                     Profesi Mitra Kalyana
                                                                                                                     Sejahtera (LSP MKS)
  Iqbal Tawakkal         Anggota               GRC Masterclass Program 2023: Risk             7 September 2023       Kementerian BUMN
  Pasaribu               Member                Management Effectiveness Evaluation            September 7, 2023      Ministry of State
                                                                                                                     Owned Enterprises
                                               Pelatihan & Sertifikasi QRGP & CERG            6 Desember 2023        Center for Risk
                                               QRGP & CERG Training & Certification           December 6, 2023       Management &
                                                                                                                     Sustainability (CRMS)
                                                                                                                     & Lembaga Sertifikasi
                                                                                                                     Profesi Mitra Kalyana
                                                                                                                     Sejahtera (LSP MKS)
                                               Risk Beyond 2023                               7-8 Desember           Center for Risk
                                                                                              2023                   Management &
                                                                                              December 7-8,          Sustainability (CRMS)
                                                                                              2023                   & Lembaga Sertifikasi
                                                                                                                     Profesi Mitra Kalyana
                                                                                                                     Sejahtera (LSP MKS)




204   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 205
                                                                                 Profil Perusahaan
                                                                                 Company Profile




Pengembangan Kompetensi Sekretaris Dewan Komisaris
Board of Commissioners’ Secretary Competency Development


                                Tabel Pengembangan Kompetensi Sekretaris Dewan Komisaris
                                   Table of Board of Commissioners’ Secretary Competency Development



                                                       Materi Pengembangan                Waktu dan Tempat
       Nama                     Jabatan                Kompetensi/Pelatihan                 Pelaksanaan                        Penyelenggara
        Name                    Position                 Subject of Competency          Implementation Date and                      Provider
                                                          Development/Training                 Location

Amirur Royanata         Sekrtetaris Dewan                          -                                    -                                -
                        Komisaris
                        Board of Commissioners’
                        Secretary




Pengembangan Kompetensi Sekretaris Perusahaan
Corporate Secretary Competency Development

                                   Tabel Pengembangan Kompetensi Sekretaris Perusahaan
                                           Table of Corporate Secretary Competency Development



                                                                                           Waktu dan Tempat
                                        Materi Pengembangan Kompetensi/
    Nama             Jabatan                                                                 Pelaksanaan                      Penyelenggara
    Name             Position
                                                    Pelatihan                                                                       Provider
                                                                                            Implementation Date
                                      Subject of Competency Development/Training
                                                                                                and Location

Nixon Sitorus     Corporate          JM Talk Health Series Eps. 17: Tetap Fit &          11 Mei 2023                      Jasamarga Learning
                  Secretary          Sehat setelah Hari Raya                             May 11, 2023                     Institute
                  & Chief            JM Talk Health Series Eps. 17: Stay Fit and
                  Administration     Healthy after Hari Raya
                  Officer
                                     Undangan Rapat Kinerja s.d. Triwulan III            23 Oktober 2023                  Jasamarga Learning
                                     Tahun 2023                                          October 23, 2023                 Institute
                                     Invitation to the Third Quarter 2023 Primary
                                     Performance Meeting
                                     Workshop Personal Effectiveness With                9-12 Januari 2023                Iradat Consulting
                                     Myers Briggs Type Indicator (MBTI)                  January 9-12, 2023
                                     Team Building JM Executive Summit 2023              22 Januari 2023                  PT Jasa Marga
                                                                                         January 22, 2023                 (Persero) Tbk
                                     Sharing Session Jamdatun - Business                 5 September 2023                 PT Jasa Marga
                                     Judgement Rule BUMN dalam Investasi                 September 5, 2023                (Persero) Tbk
                                     Sharing Session Jamdatun - Business
                                     Judgment Rules for BUMN in Investment
                                     Workshop BUMN Spokesperson                          18 Oktober 2023                  Kementerian BUMN
                                     Masterclass "Becoming a Bold                        October 18, 2023                 Ministry of State
                                     Spokeperson in Society"                                                              Owned Enterprises
                                     Sosialisasi Republik Indonesia No. 27               28 Desember 2023                 -
                                     Tahun 2022 tentang Perlindungan Data                December 28, 2023
                                     Pribadi
                                     Republic of Indonesia Socialization No.
                                     27 of 2022 concerning Personal Data
                                     Protection




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        205
Page 206
  Pengembangan Kompetensi Komite Manajemen Risiko
  Risk Management Committee Competency Development

                                            Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                                                Table of Risk Management Committee Competency Development



                                                                   Materi Pengembangan            Waktu dan Tempat
      Nama                 Jabatan              Kedudukan          Kompetensi/PelatIhan             Pelaksanaan           Penyelenggara
       Name                 Position               Position          Subject of Competency        Implementation Date         Provider
                                                                      Development/Training            and Location

  Subakti             Direktur Utama           Ketua Komite
  Syukur              President                Committee
                      Director                 Chairman        Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
  Pramitha            Direktur                 Sekretariat     Disclosed in Board of Directors Competency Development Section
  Wulanjani           Keuangan                 Komite
                      dan Risiko               Merangkap
                      Manajemen                Anggota
                      Director                 Komite
                      of Finance               Committee
                      and Risk                 Secretariat
                      Management               Concurrently
                                               as Committee
                                               Member
  Devy                Risk & Quality,          Wakil           Sosialisasi Magang Generasi       29 Maret 2023          PT Jasa Marga
  Lusyana             Health,                  Sekretaris      Bertalenta (Magenta) dan          March 29, 2023         (Persero) Tbk
                      Safety And               Komite          Magang Studi Independen
                      Environment              Merangkap       Bersertifikat (MSIB)
                      Group Head               Anggota         Socialization of Talented
                                               Deputy          Generation Internships
                                               Secretary       (Magenta) and Certified
                                               of the          Independent Study Internships
                                               Committee       (MSIB)
                                               and Member
                                                               Sosialisasi Peraturan Menteri     6 April 2023           PT Jasa Marga
                                                               BUMN Tahun 2023                   April 6, 2023          (Persero) Tbk
                                                               Socialization of 2023 SOE
                                                               Ministerial Regulations
                                                               Undangan Rapat Kinerja s.d.       23 Oktober 2023        PT Jasa Marga
                                                               Triwulan III Tahun 2023           October 23, 2023       (Persero) Tbk
                                                               Invitation to the Third Quarter
                                                               2023 Primary Performance
                                                               Meeting
                                                               Seminar Vaksin Papilloma Virus    28 November 2023       PT Jasa Marga
                                                               (HPV)                             November 28, 2023      (Persero) Tbk
                                                               Papilloma Virus (HPV) Vaccine
                                                               Seminar
                                                               Sosialisasi Respectful            14 Februari 2023       PT Jasa Marga
                                                               Workplace Policy                  February 14, 2023      (Persero) Tbk
                                                               Socialization of Respectful
                                                               Workplace Policy
                                                               Sosialisasi Whistleblowing        14 Februari 2023       PT Jasa Marga
                                                               System                            February 14, 2023      (Persero) Tbk
                                                               Whistleblowing System
                                                               Socialization
                                                               Discovering Peace: Stress and     29 Maret 2023          PT Jasa Marga
                                                               Anxiety Management for a Busy     March 29, 2023         (Persero) Tbk
                                                               Work Life
                                                               Workshop Personal                 9-12 Januari 2023      Iradat Consulting
                                                               Effectiveness With Myers Briggs   January 9-12, 2023
                                                               Type Indicator (MBTI)
                                                               Team Building JM Executive        22 Januari 2023        PT Jasa Marga
                                                               Summit 2023                       January 22, 2023       (Persero) Tbk




206   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 207
                                                                    Profil Perusahaan
                                                                    Company Profile




                            Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                              Table of Risk Management Committee Competency Development



                                                 Materi Pengembangan                  Waktu dan Tempat
   Nama       Jabatan         Kedudukan          Kompetensi/PelatIhan                   Pelaksanaan                    Penyelenggara
   Name        Position         Position          Subject of Competency                 Implementation Date                 Provider
                                                   Development/Training                     and Location

Devy      Risk & Quality,    Wakil           The 3nd Indonesian                       23-26 Mei 2023                Wahana Kendali
Lusyana   Health,            Sekretaris      Conferences & Competition                May 23-26, 2023               Mutu (WKM)
          Safety And         Komite          Occupational Safety and Health
          Environment        Merangkap       (ICC-OSH) 2023
          Group Head         Anggota
                                             Sharing Session Prosedur                 15-16 Juni 2023               Damkar
                             Deputy
                                             Kondisi Darurat (Batch 1)                June 15-16, 2023              Firefighters
                             Secretary
                                             Sharing Session on Emergency
                             of the
                                             Procedures (Batch 1)
                             Committee
                             and Member      GRC Masterclass Program                  13 Juli 2023                  Kementerian BUMN
                                             2023: ESG for Auditor                    July 13, 2023                 Ministry of State
                                                                                                                    Owned Enterprises
                                             Pelatihan Auditor Internal ISO           12 Juni 2023                  PT CGM Indonesia
                                             9001:2015, ISO 14001:2015,               June 12, 2023
                                             ISO 45001:2018 & SMK3 Tahun
                                             2023 Batch 2
                                             Training for Internal Auditors
                                             ISO 9001:2015, ISO 14001:2015,
                                             ISO 45001:2018 & SMK3 Year
                                             2023 Batch 2
                                             GRC Masterclass Program                  10 Agustus 2023               Kementerian BUMN
                                             2023: Pre IPO dan Post IPO               August 10, 2023               Ministry of State
                                             GRC Masterclass Program                                                Owned Enterprises
                                             2023: Pre IPO and Post IPO
                                             GRC Masterclass Program                  10 Agustus 2023               Kementerian BUMN
                                             2023: Pemeringkatan &                    August 10, 2023               Ministry of State
                                             Penerbitan Efek Bersifat Utang                                         Owned Enterprises
                                             & Sukuk (EBUS)
                                             GRC Masterclass Program
                                             2023: Rating & Issuance of Debt
                                             Securities & Sukuk (EBUS)
                                             Sharing Session AKHLAK         9 Agustus 2023                          Forum Human
                                             BUMN: Peran Budaya AKHLAK      August 9, 2023                          Capital Indonesia
                                             dalam Menyukseskan
                                             Transformasi Organisasi dan
                                             Peningkatan Kinerja Perusahaan
                                             BUMN AKHLAK Sharing
                                             Session: The Role of AKHLAK
                                             Culture in Successful
                                             Organizational Transformation
                                             and Improving Company
                                             Performance
                                             GRC Masterclass Program                  16 Agustus 2023               Kementerian BUMN
                                             2023: Introduction to ESG & IFC          August 16, 2023               Ministry of State
                                             Performance Standards                                                  Owned Enterprises
                                             GRC Masterclass Program                  7 September 2023              Kementerian BUMN
                                             2023: Risk Management                    September 7, 2023             Ministry of State
                                             Effectiveness Evaluation                                               Owned Enterprises
                                             Sharing Session Jamdatun                 5 September 2023              PT Jasa Marga
                                             - Business Judgement Rule                September 5, 2023             (Persero) Tbk
                                             BUMN dalam Investasi
                                             Sharing Session Jamdatun -
                                             Business Judgment Rules for
                                             BUMN in Investment
                                             GRC Masterclass Program                  14 September 2023             Kementerian BUMN
                                             2023: Sosialisasi Pemeringkatan          September 14, 2023            Ministry of State
                                             BUMN & Anak Perusahaan                                                 Owned Enterprises
                                             BUMN
                                             GRC Masterclass Program
                                             2023: Socialization of SOE &
                                             SOE Subsidiary Ratings



                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                           207
Page 208
                                            Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                                                Table of Risk Management Committee Competency Development



                                                                   Materi Pengembangan            Waktu dan Tempat
      Nama                 Jabatan              Kedudukan          Kompetensi/PelatIhan             Pelaksanaan           Penyelenggara
       Name                 Position               Position         Subject of Competency         Implementation Date         Provider
                                                                     Development/Training             and Location

  Devy                Risk & Quality,          Wakil           GRC Masterclass Program           27 September 2023      Kementerian BUMN
  Lusyana             Health,                  Sekretaris      2023: ESG for Boards –            September 27, 2023     Ministry of State
                      Safety And               Komite          Governance of ESG                                        Owned Enterprises
                      Environment              Merangkap
                                                               Konferensi Nasional 2023          19 Oktober 2023        Ikatan Komite Audit
                      Group Head               Anggota
                                                               2023 National Conference          October 19, 2023       Indonesia
                                               Deputy
                                                                                                                        Indonesian
                                               Secretary
                                                                                                                        Audit Committee
                                               of the
                                                                                                                        Association
                                               Committee
                                               and Member      Webinar Series “The Future        1 November 2023        Forum Human
                                                               of International Banking:         November 1, 2023       Capital Indonesia
                                                               Opportunities and Challenges
                                                               Ahead”
                                                               Workshop dan Focus Group          9 November 2023        PT Jasa Marga
                                                               Discussion (FGD) Penentuan        November 9, 2023       (Persero) Tbk
                                                               Topik Material Sustainability
                                                               Report Tahun 2023 (Batch 1)
                                                               Workshop and Focus Group
                                                               Discussion (FGD) Determination
                                                               of Material Topics for
                                                               Sustainability Report Year 2023
                                                               (Batch 1)
                                                               GRC Masterclass Program           25 Oktober 2023        Kementerian BUMN
                                                               2023: CG Methodology and          October 25, 2023       Ministry of State
                                                               Environmental and Social                                 Owned Enterprises
                                                               Management Systems
                                                               Webinar Series “The Future        1 November 2023        Forum Human
                                                               of International Banking:         November 1, 2023       Capital Indonesia
                                                               Opportunities and Challenges
                                                               Ahead”
                                                               Pelatihan & Sertifikasi QRGP &    6 Desember 2023        Center for Risk
                                                               CERG                              December 6, 2023       Management
                                                               Pelatihan & Sertifikasi QRGP &                           & Sustainability
                                                               CERG                                                     (CRMS) & Lembaga
                                                                                                                        Sertifikasi Profesi
                                                                                                                        Mitra Kalyana
                                                                                                                        Sejahtera (LSP
                                                                                                                        MKS)
                                                               Risk Beyond 2023                  7-8 Desember 2023      Center for Risk
                                                                                                 December 7-8, 2023     Management
                                                                                                                        & Sustainability
                                                                                                                        (CRMS) & Lembaga
                                                                                                                        Sertifikasi Profesi
                                                                                                                        Mitra Kalyana
                                                                                                                        Sejahtera (LSP
                                                                                                                        MKS)
                                                               Sosialisasi Republik Indonesia    28 Desember 2023       PT Jasa Marga
                                                               Nomor 27 Tahun 2022 tentang       December 28, 2023      (Persero) Tbk
                                                               Perlindungan Data Pribadi
                                                               Republic of Indonesia
                                                               Socialization Number 27 of
                                                               2022 concerning Personal Data
                                                               Protection




208   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 209
                                                                             Profil Perusahaan
                                                                             Company Profile




                                   Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                                     Table of Risk Management Committee Competency Development



                                                        Materi Pengembangan                    Waktu dan Tempat
   Nama             Jabatan          Kedudukan          Kompetensi/PelatIhan                     Pelaksanaan                   Penyelenggara
    Name             Position          Position           Subject of Competency                 Implementation Date                 Provider
                                                           Development/Training                     and Location

Bagus Cahya     Direktur Human      Anggota
Arinta B.       Capital &           Komite
                Transformasi        Committee
                Director of         Member
                Human Capital &
                Transformation
Mohamad         Direktur            Anggota
Agus            Pengembangan        Komite
Setiawan        Usaha               Committee
                Director of         Member          Dapat dilihat pada pembahasan Pengembangan Kompetensi Direksi
                Business                            Disclosed in Board of Directors Competency Development Section
                Development
Reza            Direktur Bisnis     Anggota
Febriano        Director of         Komite
                Business            Committee
                                    Member
Fitri Wiyanti   Direktur Operasi    Anggota
                Director of         Komite
                Operational         Committee
                                    Member
Agung           Internal Audit      Anggota         JM Talk Business Support Eps.              23 Juni 2023                 PT Jasa Marga
Laksana         Senior Group        Komite          08: Whistleblowing System                  June 23, 2023                (Persero) Tbk
Pranata         Head                Committee       (WBS): Detecting & Preventing
                                    Member          Conflict of Interest
                                                    Undangan Rapat Kinerja s.d.                23 Oktober 2023              PT Jasa Marga
                                                    Triwulan III Tahun 2023                    October 23, 2023             (Persero) Tbk
                                                    Invitation to the Third Quarter
                                                    2023 Primary Performance
                                                    Meeting
                                                    Sosialisasi Peraturan Menteri              23 Agustus 2023              PT Jasa Marga
                                                    BUMN Tahun 2023                            August 23, 2023              (Persero) Tbk
                                                    Socialization of 2023 BUMN
                                                    Ministerial Regulations
                                                    Pengenalan Tools Audit & Audit             24 Agustus 2023              PT Jasa Marga
                                                    Managemen System                           August 24, 2023              (Persero) Tbk
                                                    Introduction to Audit Tools &
                                                    Audit Management System
                                                    Journey of The Global Internal             24 Agustus 2023              PT Jasa Marga
                                                    Audit Standard                             August 24, 2023              (Persero) Tbk
                                                    Opening Meeting Pelaksanaan                4 Agustus 2023               PT Jasa Marga
                                                    Audit Internal atas Sistem                 August 4, 2023               (Persero) Tbk
                                                    Manajemen AntiPenyuapan
                                                    (SMAP)
                                                    Opening Meeting
                                                    Implementation of Internal Audit
                                                    of Anti-Bribery Management
                                                    System (SMAP)
                                                    Workshop Personal                          9-12 Januari 2023            Iradat Consulting
                                                    Effectiveness With Myers Briggs            January 9-12, 2023
                                                    Type Indicator (MBTI)




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    209
Page 210
                                              Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                                                  Table of Risk Management Committee Competency Development



                                                                     Materi Pengembangan            Waktu dan Tempat
         Nama                Jabatan              Kedudukan          Kompetensi/PelatIhan             Pelaksanaan            Penyelenggara
         Name                 Position               Position          Subject of Competency         Implementation Date         Provider
                                                                        Development/Training             and Location

      Agung             Internal Audit           Anggota         Pelatihan dan Sertifikasi          17 Mei-28 Juni 2023    BPKP (Badan
      Laksana           Senior Group             Komite          Certified Internal Audit           May 17-June 28,        Pengawas
      Pranata           Head                     Committee       Executive (CIAE) Batch 1           2023                   Keuangan dan
                                                 Member          Certified Internal Audit                                  Pembangunan)
                                                                 Executive (CIAE) Batch 1                                  BPKP (Financial
                                                                 Training and Certification                                and Development
                                                                                                                           Supervisory
                                                                                                                           Agency)
                                                                 GRC Masterclass Program            13 Juli 2023           Kementerian BUMN
                                                                 2023: ESG for Auditor              July 13, 2023          Ministry of State
                                                                                                                           Owned Enterprises
                                                                 The IIA Indonesia National         30 Agustus-1           The Institute of
                                                                 Conference dan Lokakarya           September 2023         Internal Auditors
                                                                 The IIA Indonesia National         August                 Indonesia
                                                                 Conference and Workshop            30-September 1,
                                                                                                    2023
                                                                 GRC Masterclass Program            07 September 2023      Kementerian BUMN
                                                                 2023: Risk Management                                     Ministry of State
                                                                 Effectiveness Evaluation                                  Owned Enterprises
                                                                 Pelatihan dan Sertifikasi          12-14 September        Center for Risk
                                                                 Qualified Chief Risk Officer       2023                   Management
                                                                 (QCRO)                             12-14 September        & Sustainability
                                                                 Qualified Chief Risk Officer       2023                   (CRMS) & Lembaga
                                                                 (QCRO) Training and                                       Sertifikasi Profesi
                                                                 Certification                                             Mitra Kalyana
                                                                                                                           Sejahtera (LSP
                                                                                                                           MKS)
                                                                 Sharing Session Jamdatun           5 September 2023       PT Jasa Marga
                                                                 - Business Judgement Rule          September 5, 2023      (Persero) Tbk
                                                                 BUMN dalam Investasi
                                                                 Jamdatun Sharing Session -
                                                                 Business Judgement Rule for
                                                                 SOEs in Investment
                                                                 Pelatihan Standar Audit Internal   5-6 Oktober 2023       Yayasan Pendidikan
                                                                 & Kode Etik Profesi (SAKEP)        October 5-6, 2023      Internal Audit
                                                                 Training on Internal Audit                                Internal Audit
                                                                 Standards & Professional Code                             Education
                                                                 of Ethics (SAKEP)                                         Foundation
                                                                 Pelatihan dan Sertifikasi          9-14 Oktober 2023      Yayasan Pendidikan
                                                                 Qualified Internal Auditor (QIA)   October 9-14, 2023     Internal Audit
                                                                 Tingkat Pra-Manajerial                                    Internal Audit
                                                                 Pre-Managerial Level Qualified                            Education
                                                                 Internal Auditor (QIA) Training                           Foundation
                                                                 and Certification
                                                                 Pelatihan dan Sertifikasi          23 Oktober-1           Yayasan Pendidikan
                                                                 Qualified Internal Auditor (QIA)   Novemeber 2023         Internal Audit
                                                                 Tingkat Manajerial (KSPI)          October                Internal Audit
                                                                 Managerial Level Qualified         23-November 1,         Education
                                                                 Internal Auditor (QIA) Training    2023                   Foundation
                                                                 and Certification (KSPI)




210     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 211
                                                                          Profil Perusahaan
                                                                          Company Profile




                                 Tabel Pengembangan Kompetensi Komite Manajemen Risiko
                                   Table of Risk Management Committee Competency Development



                                                      Materi Pengembangan                   Waktu dan Tempat
   Nama             Jabatan        Kedudukan          Kompetensi/PelatIhan                    Pelaksanaan                   Penyelenggara
   Name              Position        Position           Subject of Competency                Implementation Date                 Provider
                                                         Development/Training                    and Location

Agung           Internal Audit    Anggota         Workshop dan Focus Group                  9 November 2023              PT Jasa Marga
Laksana         Senior Group      Komite          Discussion (FGD) Penentuan                November 9, 2023             (Persero) Tbk
Pranata         Head              Committee       Topik Material Sustainability
                                  Member          Report Tahun 2023 (Batch 1)
                                                  Workshop dan Focus Group
                                                  Discussion (FGD) Penentuan
                                                  Topik Material Sustainability
                                                  Report Tahun 2023 (Batch 1)
                                                  Seminar Nasional dan                      9-10 November                Lembaga Sertifikasi
                                                  Pengukuhan Gelar Kompetensi               2023                         Profesi Auditor
                                                  Auditor Internal                          November 9-10,               Internal
                                                  Seminar Nasional dan                      2023                         Professional
                                                  Pengukuhan Gelar Kompetensi                                            Certification
                                                  Auditor Internal                                                       Institution for
                                                                                                                         Internal Auditors
                                                  Seminar Nasional Internal Audit           6-7 Desember 2023            Yayasan Pendidikan
                                                  (SNIA) 2023                               December 6-7, 2023           Internal Audit
                                                  Seminar Nasional Internal Audit                                        Internal Audit
                                                  (SNIA) 2023                                                            Education
                                                                                                                         Foundation
                                                  Workshop Penyusunan                       1 Desember 2023              PT Jasa Marga
                                                  Standarisasi Dokumen Kontrak              December 1, 2023             (Persero) Tbk
                                                  Pekerjaan Konstruksi Untuk
                                                  Proyek Jalan Tol Baru
                                                  Workshop on Preparing
                                                  Standardization of Construction
                                                  Work Contract Documents for
                                                  New Toll Road Projects
                                                  Sosialisasi Republik Indonesia            28 Desember 2023             PT Jasa Marga
                                                  Nomor 27 Tahun 2022 tentang               December 28, 2023            (Persero) Tbk
                                                  Perlindungan Data Pribadi
                                                  Republic of Indonesia
                                                  Socialization Number 27 of
                                                  2022 concerning Personal Data
                                                  Protection
Nixon Sitorus   Corporate         Anggota         Dapat dilihat pada pembahasan Pengembangan Kompetensi Sekretaris
                Secretary         Komite          Perusahaan
                & Chief           Committee       Disclosed in Corporate Secretary Competency Development Section
                Administration    Member
                Officer
Gandes          Information       Anggota         Dapat dilihat pada pembahasan Pengembangan Kompetensi Komite
Aisyaharum      Technology        Komite          Pengarah Teknologi Informasi
                Group Head        Committee       Disclosed in Information Technology Steering Committee Competency
                                  Member          Development Section




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 211
Page 212
  Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
  Information Technology Steering Committee Competency Development

                                      Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                                         Table of Information Technology Steering Committee Competency Development



                                                              Materi Pengembangan Kompetensi/           Waktu dan Tempat
        Nama              Jabatan            Kedudukan                    PelatIhan                       Pelaksanaan          Penyelenggara
        Name               Position             Position              Subject of Competency              Implementation Date       Provider
                                                                       Development/Training                  and Location

      Gandes          Information            Anggota         Digitalisasi Manajemen Aset Jembatan       26 September 2023      PT Jasa Marga
      Aisyaharum      Technology             Komite          melalui JIMMS 2.1 Offline                  September 26, 2023     (Persero) Tbk
                      Group Head             Committee       Digitalization of Bridge Asset
                                             Member          Management through JIMMS 2.1 Offline
                                                             Workshop Personal Effectiveness With       9-12 Januari 2023      Iradat
                                                             Myers Briggs Type Indicator (MBTI)         January 9-12, 2023     Consulting
                                                             Team Building JM Executive Summit          22 Januari 2023        PT Jasa Marga
                                                             2023                                       January 22, 2023       (Persero) Tbk
                                                             Sharing Session Jamdatun - Business        5 September 2023       PT Jasa Marga
                                                             Judgement Rule BUMN dalam Investasi        September 5, 2023      (Persero) Tbk
                                                             Sharing Session Jamdatun - Business
                                                             Judgment Rules for BUMN in
                                                             Investment
                                                             Workshop dan Focus Group Discussion        9 November 2023        PT Jasa Marga
                                                             (FGD) Penentuan Topik Material             November 9, 2023       (Persero) Tbk
                                                             Sustainability Report Tahun 2023
                                                             (Batch 1)
                                                             Workshop and Focus Group Discussion
                                                             (FGD) Determining the Material
                                                             Sustainability Report Topic for 2023
                                                             (Batch 1)
                                                             Pelatihan Certified Chief Information      20-23 November         CISCO
                                                             Security Officer (CCISO)                   2023
                                                             Certified Chief Information Security       November 20-23,
                                                             Officer (CCISO) Training                   2023
                                                             Sosialisasi Republik Indonesia Nomor       28 Desember 2023       PT Jasa Marga
                                                             27 Tahun 2022 tentang Perlindungan         November 20-23,        (Persero) Tbk
                                                             Data Pribadi                               2023
                                                             Republic of Indonesia Socialization
                                                             Number 27 of 2022 concerning
                                                             Personal Data Protection
                                                             Undangan Rapat Kinerja s.d. Triwulan III   23 Oktober 2023        PT Jasa Marga
                                                             Tahun 2023                                 October 23, 2023       (Persero) Tbk
                                                             Invitation to the Third Quarter 2023
                                                             Primary Performance Meeting
                                                             Seminar Vaksin Papiloma Virus (HPV)        28 November 2023       PT Jasa Marga
                                                             Papilloma Virus (HPV) Vaccine Seminar      November 28, 2023      (Persero) Tbk
                                                             Pembinaan Digital Talent BUMN bidang       6 April 2023           PT Jasa Marga
                                                             Data Science & Analytics                   April 6, 2023          (Persero) Tbk
                                                             Development of SOE Digital Talent in
                                                             Data Science & Analytics




212     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 213
                                                                          Profil Perusahaan
                                                                          Company Profile




                         Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                           Table of Information Technology Steering Committee Competency Development



                                              Materi Pengembangan Kompetensi/                  Waktu dan Tempat
  Nama       Jabatan          Kedudukan                   PelatIhan                              Pelaksanaan                 Penyelenggara
  Name        Position          Position              Subject of Competency                     Implementation Date                Provider
                                                       Development/Training                         and Location

Dwimawan   Procurement       Anggota        JM Talk Leadership Series 5                       16 Februari 2023               PT Jasa Marga
Heru       & Fix Asset       Komite                                                           February 16, 2023              (Persero) Tbk
Santoso    Group Head        Committee
                                            JM Talk Technological Innovation                  17 Maret 2023                  PT Jasa Marga
                             Member
                                            Series Eps.12 “JM-Click 3.0: Beyond HC            March 17, 2023                 (Persero) Tbk
                                            Information System”.
                                            Sosialisasi Peraturan Menteri Badan      14 Juni 2023                            PT Jasa Marga
                                            Usaha Milik Negara Nomor PER-2/          June 14, 2023                           (Persero) Tbk
                                            MBU/03/2023 tentang Pedoman
                                            Tata Kelola dan Kegiatan Korporasi
                                            Signifikan Badan Usaha Milik Negara
                                            dan Kick off Penyusunan Pedoman
                                            Pelaksanaan Pengadaan Barang dan
                                            Jasa di Lingkungan Jasa Marga Group
                                            Socialization of Minister of State-Owned
                                            Enterprises Regulation Number PER-2/
                                            MBU/03/2023 concerning Guidelines
                                            for Governance and Significant
                                            Corporate Activities of State-Owned
                                            Enterprises and Kick off Preparation
                                            of Guidelines for Implementing
                                            Procurement of Goods and Services
                                            within the Jasa Marga Group
                                            JM Talk Business Support Eps.                     23 Juni 2023                   PT Jasa Marga
                                            08: Whistleblowing System (WBS):                  June 23, 2023                  (Persero) Tbk
                                            Detecting & Preventing Conflict of
                                            Interest
                                            Sosialisasi Keputusan Menteri                     27 Juni 2023                   PT Jasa Marga
                                            Ketenagakerjaan Nomor 88 Tahun                    June 27, 2023                  (Persero) Tbk
                                            2023 Tentang Pedoman Pencegahan
                                            dan Penanganan Kekerasan Seksual di
                                            Tempat Kerja
                                            Socialization of Minister of Manpower
                                            Decree Number 88 of 2023 concerning
                                            Guidelines for Preventing and Handling
                                            Sexual Violence in the Workplace
                                            Quality Day Unit Procurement and                  28 Juli 2023                   PT Jasa Marga
                                            Fixed Asset Group-2                               July 28, 2023                  (Persero) Tbk
                                            JM Talk Business Support Eps. 09:                 1 Agustus 2023                 PT Jasa Marga
                                            Tingkatkan Brand Value Perusahaan                 August 1, 2023                 (Persero) Tbk
                                            dengan Kreasi Logo Baru Versi Kamu
                                            JM TALK Business Support Eps. 09:
                                            Increase the Company's Brand Value
                                            with Your New Logo Creation
                                            Ngobras HC: Implementasi Budaya                   2 Agustus 2023                 PT Jasa Marga
                                            Akhlak sebagai bentuk Transformasi                August 2, 2023                 (Persero) Tbk
                                            Human Capital di Perusahaan
                                            Ngobras HC: Implementation of Moral
                                            Culture as a form of Human Capital
                                            Transformation in the Company




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 213
Page 214
                                       Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                                         Table of Information Technology Steering Committee Competency Development



                                                              Materi Pengembangan Kompetensi/            Waktu dan Tempat
        Nama               Jabatan           Kedudukan                    PelatIhan                        Pelaksanaan          Penyelenggara
        Name                Position            Position              Subject of Competency               Implementation Date         Provider
                                                                       Development/Training                   and Location

      Dwimawan        Procurement            Anggota         Quality Day Unit Procurement and            6 Oktober 2023         PT Jasa Marga
      Heru            & Fix Asset            Komite          Fixed Asset Group-3                         August 2, 2023         (Persero) Tbk
      Santoso         Group Head             Committee
                                                             JM Talk Busines Support Eps. 13: Upaya      11 Oktober 2023        PT Jasa Marga
                                             Member
                                                             Bersama dalam Mencegah Radikalisme          October 11, 2023       (Persero) Tbk
                                                             di Lingkungan Jasa Marga Group
                                                             JM Talk Business Support Eps.13 Joint
                                                             Efforts to Prevent Radicalism within the
                                                             Jasa Marga Group
                                                             Kick Off Penyusunan Rencana Umum            20 Oktober 2023        PT Jasa Marga
                                                             Pengadaan (RUP) Periode Anggaran            October 20, 2023       (Persero) Tbk
                                                             Tahun 2024
                                                             Kick Off for Preparation of the General
                                                             Procurement Plan (RUP) for the 2024
                                                             Budget Period
                                                             Undangan Rapat Kinerja s.d. Triwulan III    23 Oktober 2023        PT Jasa Marga
                                                             Tahun 2023                                  October 23, 2023       (Persero) Tbk
                                                             Invitation to the Third Quarter 2023
                                                             Primary Performance Meeting
                                                             Webinar FHCI BUMN "Cyber Security           21 November 2023       PT Jasa Marga
                                                             Awareness"                                  November 21, 2023      (Persero) Tbk
                                                             Kick Off & Sosialisasi Survei Keterikatan   23 November 2023       PT Jasa Marga
                                                             Karyawan Tahun 2023 di Lingkungan           November 23, 2023      (Persero) Tbk
                                                             Jasa Marga Group
                                                             Kick Off & Employee Engagement
                                                             Survey for the 2023 at Jasa Marga
                                                             Group
                                                             Indonesia Industry Outlook 2023             15-16 Maret 2023       PT Jasa Marga
                                                             (Inventure - Alvara)                        March 15-16, 2023      (Persero) Tbk
                                                             Be A Business Winner in the Era             30 Maret 2023          PT Jasa Marga
                                                             of Digital Transformation (Konner           March 30, 2023         (Persero) Tbk
                                                             Advisory Series)
                                                             Gagap Digital di Dunia Komunikasi           30 Maret 2023          PT Jasa Marga
                                                             Siber (ISKI - Ikatan Sarjana Komunikasi     March 30, 2023         (Persero) Tbk
                                                             Indonesia)
                                                             Digital Stupidity in the World of Cyber
                                                             Communication (ISKI - Indonesian
                                                             Communication Scholars Association)
                                                             Digitalisasi Manajemen Aset Jembatan        26 September 2023      PT Jasa Marga
                                                             melalui JIMMS 2.1 Offline                   September 26, 2023     (Persero) Tbk
                                                             Digitalization of Bridge Asset
                                                             Management through JIMMS 2.1 Offline
                                                             Workshop Personal Effectiveness With        9-12 Januari 2023      Iradat
                                                             Myers Briggs Type Indicator (MBTI)          January 9-12, 2023     Consulting
                                                             Team Building JM Executive Summit           22 Januari 2023        PT Jasa Marga
                                                             2023                                        January 22, 2023       (Persero) Tbk
                                                             Pelatihan dan Sertifikasi Certified         27 Februari-9 Maret    PPM
                                                             Procurement Specialist (CPSp)               2023                   Management
                                                             Certified Procurement Specialist (CPSp)     27 February-9 March
                                                             Training and Certification                  2023
                                                             Pelatihan Aplikasi JM Pintar                29-30 Agustus 2023     PFA
                                                             JM Pintar Application Training              August 29-30, 2023
                                                             Sharing Session Jamdatun - Business         5 September 2023       PT Jasa Marga
                                                             Judgement Rule BUMN dalam Investasi         September 5, 2023      (Persero) Tbk
                                                             Sharing Session Jamdatun - Business
                                                             Judgment Rules for BUMN in
                                                             Investment




214     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 215
                                                                          Profil Perusahaan
                                                                          Company Profile




                         Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                           Table of Information Technology Steering Committee Competency Development



                                              Materi Pengembangan Kompetensi/                    Waktu dan Tempat
  Nama        Jabatan         Kedudukan                   PelatIhan                                Pelaksanaan                Penyelenggara
   Name       Position          Position              Subject of Competency                      Implementation Date                Provider
                                                       Development/Training                          and Location

Dwimawan   Procurement       Anggota        Workshop dan Focus Group Discussion                9 November 2023                PT Jasa Marga
Heru       & Fix Asset       Komite         (FGD) Penentuan Topik Material                     November 9, 2023               (Persero) Tbk
Santoso    Group Head        Committee      Sustainability Report Tahun 2023
                             Member         (Batch 1)
                                            Workshop and Focus Group Discussion
                                            (FGD) Determining the Material
                                            Sustainability Report Topic for 2023
                                            (Batch 1)
                                            Workshop Penyusunan Standarisasi      1 Desember 2023                             PT Jasa Marga
                                            Dokumen Kontrak Pekerjaan Konstruksi December 1, 2023                             (Persero) Tbk
                                            Untuk Proyek Jalan Tol Baru
                                            Workshop on Preparing Standardization
                                            of Construction Work Contract
                                            Documents for New Toll Road Projects
                                            Workshop Penggunaan Sistem                         8 Desember 2023                PT Jasa Marga
                                            e-Procurement                                      December 8, 2023               (Persero) Tbk
                                            Workshop Penggunaan Sistem
                                            e-Procurement
                                            Sosialisasi Republik Indonesia Nomor               28 Desember 2023               PT Jasa Marga
                                            27 Tahun 2022 tentang Perlindungan                 December 28, 2023              (Persero) Tbk
                                            Data Pribadi
                                            Republic of Indonesia Socialization
                                            Number 27 of 2022 concerning
                                            Personal Data Protection
Yuliana    Strategic         Anggota        JM Talk Leadership Series 5                        16 Februari 2023               PT Jasa Marga
           Transformation    Komite                                                            February 16, 2023              (Persero) Tbk
           Group Head        Committee
                                            JM Talk Operation Services Series 4                17 Februari 2023               PT Jasa Marga
                             Member
                                                                                               February 16, 2023              (Persero) Tbk
                                             JM Talk Business Support Eps 4                    23 Februari 2023               PT Jasa Marga
                                                                                               February 23, 2023              (Persero) Tbk
                                            JM Talk Technological Innovation                   17 Maret 2023                  PT Jasa Marga
                                            Series Eps.12 “JM-Click 3.0: Beyond HC             March 17, 2023                 (Persero) Tbk
                                            Information System”.
                                            Sosialisasi Peraturan Menteri BUMN                 6 April 2023                   PT Jasa Marga
                                            Tahun 2023                                         April 6, 2023                  (Persero) Tbk
                                            Socialization of 2023 SOE Ministerial
                                            Regulations
                                            JM Woman Empowerment Series Eps.                   16 Mei 2023                    PT Jasa Marga
                                            03: Cerita Srikandi Jasa Marga dalam               May 16, 2023                   (Persero) Tbk
                                            Memberikan Pelayanan Lebaran Tahun
                                            2023
                                            JM Woman Empowerment Series Eps.
                                            03: Jasa Marga Heroine's Story in
                                            Providing Eid Services in 2023
                                            JM Talk Business Support Eps. 07:                  22 Juni 2023                   PT Jasa Marga
                                            Understanding Basic Concepts of                    June 22, 2023                  (Persero) Tbk
                                            Business Model Canvas
                                            JM Talk Business Support Eps.                      23 Juni 2023                   PT Jasa Marga
                                            08: Whistleblowing System (WBS):                   June 23, 2023                  (Persero) Tbk
                                            Detecting & Preventing Conflict of
                                            Interest
                                            Forum Commander AKHLAK Festival                    5 Juli 2023                    PT Jasa Marga
                                            Jasa Marga 2023                                    July 5, 2023                   (Persero) Tbk
                                            JM Talk Business Support Eps. 09:                  1 Agustus 2023                 PT Jasa Marga
                                            Tingkatkan Brand Value Perusahaan                  August 1, 2023                 (Persero) Tbk
                                            dengan Kreasi Logo Baru Versi Kamu
                                            JM Talk Business Support Eps. 09:
                                            Increase the Company's Brand Value
                                            with Your New Logo Creation


                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 215
Page 216
                                       Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                                         Table of Information Technology Steering Committee Competency Development



                                                              Materi Pengembangan Kompetensi/          Waktu dan Tempat
        Nama               Jabatan           Kedudukan                    PelatIhan                      Pelaksanaan          Penyelenggara
         Name               Position            Position              Subject of Competency             Implementation Date      Provider
                                                                       Development/Training                 and Location

      Yuliana         Strategic              Anggota         JM Talk Business Support 11 Peran         1 September 2023       PT Jasa Marga
                      Transformation         Komite          Jaminan Sosial sebagai Jaring             September 1, 2023      (Persero) Tbk
                      Group Head             Committee       Pengaman Pekerja Sejahtera
                                             Member          JM Talk Business Support Eps. 09:
                                                             Increase the Company's Brand Value
                                                             with Your New Logo Creation
                                                             Kick Off Jasa Marga Innovation            5 September 2023       PT Jasa Marga
                                                             Competition 2023                          September 5, 2023      (Persero) Tbk
                                                             JM Talk Business Support Eps.12           5 Oktober 2023         PT Jasa Marga
                                                             Travoy Kids Jasa Marga Daycare, We        October 5, 2023        (Persero) Tbk
                                                             Care
                                                             JM Talk Business Support Eps.13           11 Oktober 2023        PT Jasa Marga
                                                             Upaya Bersama dalam Mencegah              October 11, 2023       (Persero) Tbk
                                                             Radikalisme di Lingkungan Jasa Marga
                                                             Group
                                                             JM Talk Business Support Eps.13
                                                             Upaya Bersama dalam Mencegah
                                                             Radikalisme di Lingkungan Jasa Marga
                                                             Group
                                                             JM Preneurship Series 41 “Memahami        19 Oktober 2023        PT Jasa Marga
                                                             Potensi Bisnis Franchise Warteg Masa      October 19, 2023       (Persero) Tbk
                                                             Kini”
                                                             JM Preneurship Series 41
                                                             "Understanding the Potential of Today's
                                                             Warteg Franchise Business"
                                                             Undangan Rapat Kinerja s.d Triwulan III   23 Oktober 2023        PT Jasa Marga
                                                             Tahun 2023                                October 23, 2023       (Persero) Tbk
                                                             Invitation to the Third Quarter 2023
                                                             Primary Performance Meeting
                                                             Ngobras HC seri Oktober 2023: New         25 Oktober 2023        PT Jasa Marga
                                                             Learning Experience                       October 25, 2023       (Persero) Tbk
                                                             Ngobras HC series October 2023: New
                                                             Learning Experience
                                                             Survei AKHLAK Berbasis NPS                17 November 2023       PT Jasa Marga
                                                             NPS Based AKHLAK Survey                   November 17, 2023      (Persero) Tbk
                                                             Webinar FHCI BUMN "Cyber Security         21 November 2023       PT Jasa Marga
                                                             Awareness"                                November 21, 2023      (Persero) Tbk
                                                             JM Talk Health Series Eps. 20: Jaminan    24 November 2023       PT Jasa Marga
                                                             Pemeliharaan Kesehatan Karyawan:          November 24, 2023      (Persero) Tbk
                                                             Jaminan kesehatan Optimal, Kinerja
                                                             Karyawan Maksimal
                                                             JM Talk Health Series Eps. 20:
                                                             Employee Health Care Guarantee:
                                                             Optimal health insurance, Maximum
                                                             Employee Performance
                                                             Seminar Vaksin Papiloma Virus (HPV)       28 November 2023       PT Jasa Marga
                                                             Papilloma Virus (HPV) Vaccine Seminar     November 28, 2023      (Persero) Tbk
                                                             Sosialisasi Respectful Workplace Policy   14 Februari 2023       PT Jasa Marga
                                                             Socialization of Respectful Workplace     February 14, 2023      (Persero) Tbk
                                                             Policy
                                                             Sosialisasi Whistle Blowing System        14 Februari 2023       PT Jasa Marga
                                                             Whistleblowing System Socialization       February 14, 2023      (Persero) Tbk
                                                             Sosialisasi Mudik Bersama                 6 April 2023           PT Jasa Marga
                                                             Homecoming Together Socialization         April 6, 2023          (Persero) Tbk
                                                             Webinar I2RI: Project Retrospective       13 Juli 2023           PT Jasa Marga
                                                             Intelligent Transport System              July 13, 2023          (Persero) Tbk
                                                             Framework & Implementation




216     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 217
                                                                          Profil Perusahaan
                                                                          Company Profile




                        Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                          Table of Information Technology Steering Committee Competency Development



                                             Materi Pengembangan Kompetensi/                   Waktu dan Tempat
  Nama       Jabatan         Kedudukan                   PelatIhan                               Pelaksanaan                Penyelenggara
   Name      Position          Position              Subject of Competency                     Implementation Date                Provider
                                                      Development/Training                         and Location

Yuliana   Strategic         Anggota        Digitalisasi Manajemen Aset Jembatan               26 September 2023             PT Jasa Marga
          Transformation    Komite         melalui JIMMS 2.3 Offline                          September 26, 2023            (Persero) Tbk
          Group Head        Committee      Digitalization of Bridge Asset
                            Member         Management through JIMMS 2.1_Offline
                                           Sharing Session AKHLAK BUMN: Peran                 9 Agustus 2023                Forum Human
                                           Budaya AKHLAK dalam Menyukseskan                   August 9, 2023                Capital
                                           Transformasi Organisasi dan                                                      Indonesia
                                           Peningkatan Kinerja Perusahaan
                                           SEO AKHLAK Sharing Session: The
                                           Role of AKHLAK Culture in Successful
                                           Organizational Transformation and
                                           Improving Company Performance
                                           Sharing Session Jamdatun - Business                5 September 2023              PT Jasa Marga
                                           Judgement Rule BUMN dalam Investasi                September 5, 2023             (Persero) Tbk
                                           Sharing Session Jamdatun - Business
                                           Judgment Rules for BUMN in
                                           Investment
                                           Digital Information Summit Indonesia               18-19 Oktober 2023            PT Jasa Marga
                                                                                              October 18-19, 2023           (Persero) Tbk
                                           Workshop dan Focus Group Discussion                9 November 2023               PT Jasa Marga
                                           (FGD) Penentuan Topik Material                     November 9, 2023              (Persero) Tbk
                                           Sustainability Report Tahun 2023
                                           (Batch 1)
                                           Workshop and Focus Group Discussion
                                           (FGD) Determining the Material
                                           Sustainability Report Topic for 2023
                                           (Batch 1)
                                           The 4th Indonesia Human Capital                    6 November 2023               Forum Human
                                           Summit 2023 "Navigating Human                      November 6, 2023              Capital
                                           Experience Journey For Value Creation                                            Indonesia
                                           And Sustainability"
                                           Sosialisasi Republik Indonesia Nomor               28 Desember 2023              PT Jasa Marga
                                           27 Tahun 2022 tentang Pelindungan                  December 28, 2023             (Persero) Tbk
                                           Data Pribadi
                                           Republic of Indonesia Socialization
                                           Number 27 of 2022 concerning
                                           Personal Data Protection
Aldrin    Business          Anggota        Undangan Rapat Kinerja s.d Triwulan III            23 Oktober 2023               PT Jasa Marga
Maulana   Development       Komite         Tahun 2023                                         October 23, 2023              (Persero) Tbk
          Group Head        Committee      Invitation to the Third Quarter 2023
                            Member         Primary Performance Meeting
                                           Workshop Personal Effectiveness With               9-12 Januari 2023             Iradat
                                           Myers Briggs Type Indicator (MBTI)                 January 9-12, 2023            Consulting
                                           Sharing Session Compliance &                       27 Januari 2023               PT Jasa Marga
                                           Governance bidang Pengembangan                     January 27, 2023              (Persero) Tbk
                                           Usaha Jalan Tol
                                           Sharing Session Compliance &
                                           Governance in the field of Toll Road
                                           Business Development
                                           Pelatihan dan Sertifikasi Qualified Chief          12-13 September               Center for Risk
                                           Risk Officer (QCRO)                                2023                          Management
                                           Qualified Chief Risk Officer (QCRO)                September 12-13,              & Sustainability
                                           Training and Certification                         2023                          (CRMS) &
                                                                                                                            Lembaga
                                                                                                                            Sertifikasi
                                                                                                                            Profesi Mitra
                                                                                                                            Kalyana
                                                                                                                            Sejahtera (LSP
                                                                                                                            MKS)




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 217
Page 218
                                      Tabel Pengembangan Kompetensi Komite Pengarah Teknologi Informasi
                                          Table of Information Technology Steering Committee Competency Development



                                                                Materi Pengembangan Kompetensi/               Waktu dan Tempat
        Nama              Jabatan            Kedudukan                      PelatIhan                           Pelaksanaan           Penyelenggara
        Name               Position             Position                 Subject of Competency                 Implementation Date        Provider
                                                                          Development/Training                     and Location

      Aldrin          Business               Anggota           Sharing Session Jamdatun - Business            5 September 2023       PT Jasa Marga
      Maulana         Development            Komite            Judgement Rule BUMN dalam Investasi            September 5, 2023      (Persero) Tbk
                      Group Head             Committee         Sharing Session Jamdatun - Business
                                             Member            Judgment Rules for BUMN in
                                                               Investment
                                                               Workshop dan Focus Group Discussion            9 November 2023        PT Jasa Marga
                                                               (FGD) Penentuan Topik Material                 November 9, 2023       (Persero) Tbk
                                                               Sustainability Report Tahun 2023
                                                               (Batch 1)
                                                               Workshop and Focus Group Discussion
                                                               (FGD) Determining the Material
                                                               Sustainability Report Topic for 2023
                                                               (Batch 1)
                                                               Workshop Penyusunan Standarisasi               1 Desember 2023        PT Jasa Marga
                                                               Dokumen Kontrak Pekerjaan Konstruksi           December 1, 2023       (Persero) Tbk
                                                               Untuk Proyek Jalan Tol Baru
                                                               Workshop on Preparing Standardization
                                                               of Construction Work Contract
                                                               Documents for New Toll Road Projects
                                                               Sosialisasi Republik Indonesia Nomor           28 Desember 2023       PT Jasa Marga
                                                               27 Tahun 2022 tentang Perlindungan             December 28, 2023      (Persero) Tbk
                                                               Data Pribadi
                                                               Republic of Indonesia Socialization
                                                               Number 27 of 2022 concerning
                                                               Personal Data Protection




  Pengembangan Kompetensi Unit Internal Audit
  Internal Audit Unit Competency Development

                                                   Tabel Pengembangan Kompetensi Unit Internal Audit
                                                        Table of Internal Audit Unit Competency Development



                                                  Materi Pengembangan Kompetensi/                Waktu dan Tempat
        Nama                  Jabatan                         PelatIhan                            Pelaksanaan                   Penyelenggara
         Name                  Position                      Subject of Competency               Implementation Date                 Provider
                                                              Development/Training                   and Location

      Agung             Internal Audit           Workshop Personal Effectiveness              9 Januari 2023               Iradat Consulting
      Laksana           Senior Group             With Myers Briggs Type Indicator             January 9, 2023
                        Head                     (MBTI)
                                                 Pelatihan dan Sertifikasi Certified          17 Mei 2 Juni 2023, 5-8      Badan Pengawas
                                                 Internal Audit Executive (CIAE) Batch 1      Juni 2023, 27-28 Juni        Keuangan dan
                                                 Training and Certification of Certified      2023                         Pembangunan (BPKP)
                                                 Internal Audit Executive (CIAE) Batch 1      May 17 - June 2, 2023,       Financial and
                                                                                              June 5-8, 2023, June         Development Supervisory
                                                                                              27-28, 2023                  Agency (BPKP
                                                 GRC Masterclass Program 2023: ESG            13 Juli 2023                 Kementerian BUMN
                                                 for Auditor                                  July 13, 2023                Ministry of State Owned
                                                                                                                           Enterprises
                                                 The IIA Indonesia National                   30-31 Agustus s.d. 1         The Institute of Internal
                                                 Conference & Lokakarya                       September 2023               Auditors Indonesia
                                                                                              August 30-31 to
                                                                                              September 1, 2023
                                                 GRC Masterclass Program 2023:                7 September 2023             Kementerian BUMN
                                                 Risk Management Effectiveness                September 7, 2023            Ministry of State Owned
                                                 Evaluation                                                                Enterprises




218     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 219
                                                                     Profil Perusahaan
                                                                     Company Profile




                            Tabel Pengembangan Kompetensi Unit Internal Audit
                                Table of Internal Audit Unit Competency Development



                           Materi Pengembangan Kompetensi/               Waktu dan Tempat
  Nama        Jabatan                  PelatIhan                           Pelaksanaan                            Penyelenggara
   Name        Position             Subject of Competency                 Implementation Date                          Provider
                                     Development/Training                     and Location

Agung     Internal Audit   Pelatihan dan Sertifikasi Qualified        12-14 September 2023                 Center for Risk
Laksana   Senior Group     Chief Risk Officer (QCRO)                  September 12-14, 2023                Management &
          Head             Qualified Chief Risk Officer (QCRO)                                             Sustainability (CRMS)
                           Training and Certification                                                      & Lembaga Sertifikasi
                                                                                                           Profesi Mitra Kalyana
                                                                                                           Sejahtera (LSP MKS)
                           Sharing Session Jamdatun - Business        5 September 2023                     PT Jasa Marga (Persero)
                           Judgement Rule BUMN dalam                  September 5, 2023                    Tbk
                           Investasi
                           Sharing Session Jamdatun - Business
                           Judgment Rule for BUMN in
                           Investment
                           Pelatihan Standar Audit Internal &         5-6 Oktober 2023                     Yayasan Pendidikan
                           Kode Etik Profesi (SAKEP)                  October 5-6, 2023                    Internal Audit
                           Training on Internal Audit Standards &                                          Internal Audit Education
                           Professional Code of Ethics (SAKEP)                                             Foundation
                           Pelatihan dan Sertifikasi Qualified        9-14 Oktober 2023                    Yayasan Pendidikan
                           Internal Auditor (QIA) Tingkat Pra-        October 9-14, 2023                   Internal Audit
                           Manajerial                                                                      Internal Audit Education
                           Pre-Managerial Level Qualified                                                  Foundation
                           Internal Auditor (QIA) Training and
                           Certification
                           Pelatihan dan Sertifikasi Qualified        23 Oktober 2023 -                    Yayasan Pendidikan
                           Internal Auditor (QIA) Tingkat             1 November 2023                      Internal Audit
                           Manajerial (KSPI)                          October 23 -                         Internal Audit Education
                           Training and Certification of Qualified    November 1, 2023                     Foundation
                           Internal Auditor (QIA) Managerial
                           Level (KSPI)
                           Workshop dan Focus Group                   9 November 2023                      PT Jasa Marga (Persero)
                           Discussion (FGD) Penentuan Topik           November 9, 2023                     Tbk
                           Material Sustainability Report Tahun
                           2023 (Batch 1)
                           Workshop and Focus Group
                           Discussion (FGD) to Determining the
                           Material Topic of the Sustainability
                           Report 2023 (Batch 1)
                           Seminar Nasional dan Pengukuhan            9-10 November 2023                   Lembaga Sertifikasi
                           Gelar Kompetensi Auditor Internal          November 9-10, 2023                  Profesi Auditor Internal
                           National Seminar and Inauguration of                                            Professional Certification
                           Internal Auditor Competency Degree                                              Institution for Internal
                                                                                                           Auditors
                           Seminar Nasional Internal Audit (SNIA      6 - 7 Desember 2023                  Yayasan Pendidikan
                           2023)                                      December 6-7, 2023                   Internal Audit
                           National Seminar on Internal Audit                                              Internal Audit Education
                           (SNIA 2023)                                                                     Foundation
                           Workshop Penyusunan Standarisasi           1 Desember 2023                      PT Jasa Marga (Persero)
                           Dokumen Kontrak Pekerjaan                  December 1, 2023                     Tbk
                           Konstruksi Untuk Proyek Jalan Tol
                           Baru
                           Workshop on Preparing
                           Standardization of Construction Work
                           Contract Documents for New Toll
                           Road Projects
                           Sosialisasi Republik Indonesia Nomor       28 Desember 2023                     PT Jasa Marga (Persero)
                           27 Tahun 2022 tentang Perlindungan         December 28, 2023                    Tbk
                           Data Pribadi
                           Socialization of the Republic of
                           Indonesia No. 27 of 2022 on
                           Protection of Personal Data




                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                            219
Page 220
                                                   Tabel Pengembangan Kompetensi Unit Internal Audit
                                                        Table of Internal Audit Unit Competency Development



                                                  Materi Pengembangan Kompetensi/               Waktu dan Tempat
         Nama                 Jabatan                         PelatIhan                           Pelaksanaan               Penyelenggara
          Name                 Position                      Subject of Competency               Implementation Date             Provider
                                                              Development/Training                   and Location

      Sigit Sutarno     Prog Plan.               GRC Masterclass Program 2023: ESG            13 Juli 2023             Kementerian BUMN
                        Controlling &            for Auditor                                  July 13, 2023            Ministry of State Owned
                        Adm Dept. Head                                                                                 Enterprises
                                                 The IIA Indonesia National                   30-31 Agustus s.d        The Institute of Internal
                                                 Conference & Lokakarya                       1 September 2023         Auditors Indonesia
                                                                                              August 30-31 -
                                                                                              September 1, 2023
                                                 GRC Masterclass Program 2023:                7 September 2023         Kementerian BUMN
                                                 Risk Management Effectiveness                September 7, 2023        Ministry of State Owned
                                                 Evaluation                                                            Enterprises
                                                 Certified Internal Audit Executive           15 September 2023 s.d    Badan Pengawas
                                                 (CIAE) Batch 2                               14 Oktober 2023          Keuangan dan
                                                                                              September 15 to          Pembangunan (BPKP)
                                                                                              October 14, 2023         Financial and
                                                                                                                       Development Supervisory
                                                                                                                       Agency (BPKP)
                                                 GRC Masterclass Program 2023:                19 Oktober 2023          Kementerian BUMN
                                                 Joint Venture between SOE and                October 19, 2023         Ministry of State Owned
                                                 Private Sector                                                        Enterprises
                                                 Seminar Nasional dan Pengukuhan              9-10 November 2023       Lembaga Sertifikasi
                                                 Gelar Kompetensi Auditor Internal            November 9-10, 2023      Profesi Auditor Internal
                                                 National Seminar and Inauguration of                                  Professional Certification
                                                 Internal Auditor Competency Degree                                    Institution for Internal
                                                                                                                       Auditors
                                                 GRC Masterclass Program 2023: CG             25 Oktober 2023          Kementerian BUMN
                                                 Methodology and Environmental and            October 25, 2023         Ministry of State Owned
                                                 Social Management Systems                                             Enterprises
                                                 Workshop Penyusunan Standarisasi             1 Desember 2023          PT Jasa Marga (Persero)
                                                 Dokumen Kontrak Pekerjaan                    December 1, 2023         Tbk
                                                 Konstruksi Untuk Proyek Jalan Tol
                                                 Baru
                                                 Workshop on Preparing
                                                 Standardization of Construction Work
                                                 Contract Documents for New Toll
                                                 Road Projects
      Krisma            Anti Bribery             Sharing Session Compliance &                 27 Januari 2023          PT Jasa Marga (Persero)
      Perwita Sari      Management               Governance bidang Pengembangan               January 27, 2023         Tbk
                        Dept. Head               Usaha Jalan Tol
                                                 Sharing Session on Compliance &
                                                 Governance in Toll Road Business
                                                 Development
                                                 Pelatihan Audit Internal Sistem              9-10 April 2023          TUV SUD Indonesia
                                                 Manajemen Anti Penyuapan (SMAP)              April 9-10, 2023
                                                 Anti-Bribery Management System
                                                 (SMAP) Internal Audit Training
                                                 Workshop dan Focus Group                     9 November 2023          PT Jasa Marga (Persero)
                                                 Discussion (FGD) Penentuan Topik             November 9, 2023         Tbk
                                                 Material Sustainability Report Tahun
                                                 2023 (Batch 1)
                                                 Workshop and Focus Group
                                                 Discussion (FGD) to Determining the
                                                 Material Topic of the Sustainability
                                                 Report 2023 (Batch 1)




220     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 221
                                                                            Profil Perusahaan
                                                                            Company Profile




                                  Tabel Pengembangan Kompetensi Unit Internal Audit
                                      Table of Internal Audit Unit Competency Development



                                 Materi Pengembangan Kompetensi/                Waktu dan Tempat
   Nama             Jabatan                  PelatIhan                            Pelaksanaan                            Penyelenggara
    Name             Position             Subject of Competency                  Implementation Date                          Provider
                                           Development/Training                      and Location

Krisma          Anti Bribery     Workshop dan Focus Group                    10 November 2023                     PT Jasa Marga (Persero)
Perwita Sari    Management       Discussion (FGD) Penentuan Topik            November 10, 2023                    Tbk
                Dept. Head       Material Sustainability Report Tahun
                                 2023 (Batch 2)
                                 Workshop and Focus Group
                                 Discussion (FGD) to Determining the
                                 Material Topic of the Sustainability
                                 Report 2023 (Batch 2)
                                 Pelatihan dan Sertifikasi Certified Risk    22-24 November 2023                  PT Jasa Marga (Persero)
                                 Professional (CRP) Batch 2                  November 22-24, 2023                 Tbk
                                 Training and Certification of Certified
                                 Risk Professional (CRP) Batch 2
                                 Seminar Nasional Internal Audit (SNIA       6-7 Desember 2023                    Yayasan Pendidikan
                                 2023)                                       December 6-7, 2023                   Internal Audit
                                 National Seminar on Internal Audit                                               Internal Audit Education
                                 (SNIA 2023)                                                                      Foundation
                                 Workshop Penyusunan Standarisasi            1 Desember 2023                      PT Jasa Marga (Persero)
                                 Dokumen Kontrak Pekerjaan                   December 1, 2023                     Tbk
                                 Konstruksi Untuk Proyek Jalan Tol
                                 Baru
                                 Workshop on Preparing
                                 Standardization of Construction Work
                                 Contract Documents for New Toll
                                 Road Projects
Dyah Sadtya     Senior Auditor   Training Internal Control COSO - 2013       9 Februari 2023/10                   Yayasan Pendidikan
Noegraheni                                                                   Februari 2023                        Internal Audit
                                                                             February 9-10, 2023                  Internal Audit Education
                                                                                                                  Foundation
                                 Workshop Personal Effectiveness             10 Januari 2023                      Iradat Consulting
                                 With Myers Briggs Type Indicator            January 10, 2023
                                 (MBTI)
                                 Workshop Psikologi dan Komunikasi           11 April 2023/12 April               Yayasan Pendidikan
                                 Dalam Audit Online                          2023                                 Internal Audit
                                 Workshop on Psychology and                  April 11-12, 2023                    Internal Audit Education
                                 Communication in Online Auditing                                                 Foundation
                                 GRC Masterclass Program 2023:               07/09/2023                           Kementerian BUMN
                                 Risk Management Effectiveness               September 7, 2023                    Ministry of State Owned
                                 Evaluation                                                                       Enterprises
                                 GRC Masterclass Program 2023:               19 Oktober 2023                      Kementerian BUMN
                                 Joint Venture between SOE and               October 19, 2023                     Ministry of State Owned
                                 Private Sector                                                                   Enterprises
                                 GRC Masterclass Program 2023: CG            25 Oktober 2023                      Kementerian BUMN
                                 Methodology and Environmental and           October 25, 2023                     Ministry of State Owned
                                 Social Management Systems                                                        Enterprises
Ichwan Rofi'i   Auditor          Pelatihan Fraud Auditing 1                  3-6 April 2023                       LPFA
                                 Fraud Auditing Training 1                   April 3-6, 2023
                                 GRC Masterclass Program 2023:               7 September 2023                     Kementerian BUMN
                                 Risk Management Effectiveness               September 7, 2023                    Ministry of State Owned
                                 Evaluation                                                                       Enterprises
                                 GRC Masterclass Program 2023:               19 Oktober 2023                      Kementerian BUMN
                                 Joint Venture between SOE and               October 19, 2023                     Ministry of State Owned
                                 Private Sector                                                                   Enterprises




                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   221
Page 222
                                                   Tabel Pengembangan Kompetensi Unit Internal Audit
                                                        Table of Internal Audit Unit Competency Development



                                                  Materi Pengembangan Kompetensi/               Waktu dan Tempat
         Nama                 Jabatan                         PelatIhan                           Pelaksanaan               Penyelenggara
         Name                  Position                      Subject of Competency               Implementation Date             Provider
                                                              Development/Training                   and Location

  Anang                 Auditor                  Analyzing & Improving Business               12-13 April 2023         The Institute of Internal
  Moch. Ma'ruf                                   Processes                                    April 12-13, 2023        Auditors Indonesia
                                                 GRC Masterclass Program 2023:                7 September 2023         Kementerian BUMN
                                                 Risk Management Effectiveness                September 7, 2023        Ministry of State Owned
                                                 Evaluation                                                            Enterprises
                                                 GRC Masterclass Program 2023:                19 Oktober 2023          Kementerian BUMN
                                                 Joint Venture between SOE and                 October 19, 2023        Ministry of State Owned
                                                 Private Sector                                                        Enterprises
                                                 Pelatihan Fraud Auditing 2                   14-17 November 2023      LPFA
                                                 Fraud Auditing Training 1                     November 14-17, 2023
      Sarkim            Assistant Auditor        Workshop Dasar-Dasar Audit                   10-11 April 2023         Yayasan Pendidikan
                                                 Teknologi Informasi                          April 10-11, 2023        Internal Audit
                                                 Workshop on the Basics of                                             Internal Audit Education
                                                 Information Technology Auditing                                       Foundation
                                                 Pelatihan Tanggap Darurat Di                 14-15 Maret 2023         Basarnas Jakarta
                                                 Lingkungan Kantor Pusat                      March 14-15, 2023        Indonesia Search and
                                                 Emergency Response Training in the                                    Rescue/SAR
                                                 Head Office Environment
                                                 GRC Masterclass Program 2023:                7 September 2023         Kementerian BUMN
                                                 Risk Management Effectiveness                September 7, 2023        Ministry of State Owned
                                                 Evaluation                                                            Enterprises
                                                 GRC Masterclass Program 2023:                19 Oktober 2023          Kementerian BUMN
                                                 Joint Venture between SOE and                October 19, 2023         Ministry of State Owned
                                                 Private Sector                                                        Enterprises
                                                 Workshop Finance and Accounting              1-2 November 2023        PT Jasa Marga (Persero)
                                                 for Non Finance and Accouting                November 1-2, 2023       Tbk
                                                 Internal Auditor
                                                 GRC Masterclass Program 2023: CG             25 Oktober 2023          Kementerian BUMN
                                                 Methodology and Environmental and            October 25, 2023         Ministry of State Owned
                                                 Social Management Systems                                             Enterprises
      Moch.             Internal                 Training Internal Control COSO - 2013        9-10 Februari 2023       Yayasan Pendidikan
      Mulyanto          Administration                                                        February 9-10, 2023      Internal Audit
                        Section Head                                                                                   Internal Audit Education
                                                                                                                       Foundation
                                                 The IIA Indonesia National                   30-31 Agustus s.d        The Institute of Internal
                                                 Conference & Lokakarya                       1 September 2023         Auditors Indonesia
                                                                                              August 30-31 to
                                                                                              September 1, 2023
                                                 GRC Masterclass Program 2023:                7 September 2023         Kementerian BUMN
                                                 Risk Management Effectiveness                September 7, 2023        Ministry of State Owned
                                                 Evaluation                                                            Enterprises
                                                 GRC Masterclass Program 2023:                19 Oktober 2023          Kementerian BUMN
                                                 Joint Venture between SOE and                October 19, 2023         Ministry of State Owned
                                                 Private Sector                                                        Enterprises
                                                 Workshop Finance and Accounting              1-2 November 2023        PT Jasa Marga (Persero)
                                                 for Non Finance and Accouting                November 1-2, 2023       Tbk
                                                 Internal Auditor
                                                 GRC Masterclass Program 2023: CG             25 Oktober 2023          Kementerian BUMN
                                                 Methodology and Environmental and            October 25, 2023         Ministry of State Owned
                                                 Social Management Systems                                             Enterprises
                                                 Enterprise Architecture & Business           22-23 November 2023      Brainmatics
                                                 Process Management                           November 22-23, 2023
                                                 Workshop Peningkatan Kapabilitas             14 Desember 2023         Badan Pengawas
                                                 SPI dengan Internal Audit Capability         December 14, 2023        Keuangan dan
                                                 Model (IACM)                                                          Pembangunan (BPKP)
                                                 Workshop on Increasing SPI                                            Financial and
                                                 Capability with the Internal Audit                                    Development Supervisory
                                                 Capability Model (IACM)                                               Agency (BPKP)


222     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 223
                                                                           Profil Perusahaan
                                                                           Company Profile




                                  Tabel Pengembangan Kompetensi Unit Internal Audit
                                      Table of Internal Audit Unit Competency Development



                                 Materi Pengembangan Kompetensi/               Waktu dan Tempat
   Nama           Jabatan                    PelatIhan                           Pelaksanaan                            Penyelenggara
   Name            Position               Subject of Competency                 Implementation Date                          Provider
                                           Development/Training                     and Location

Ari Sunarya   Junior Auditor     Analyzing & Improving Business             12-13 April 2023                     The Institute of Internal
                                 Processes                                  April 12-13, 2023                    Auditors Indonesia
                                 GRC Masterclass Program 2023: Risk         7 September 2023                     Kementerian BUMN
                                 Management Effectiveness Evaluation        September 7, 2023                    Ministry of State Owned
                                                                                                                 Enterprises
                                 Pendidikan dan Pelatihan Effective         9 Oktober 2023/10                    Yayasan Pendidikan
                                 Report Writing for Internal Audit          Oktober 2023                         Internal Audit
                                 Education and Training on Effective        October 9-10, 2023                   Internal Audit Education
                                 Report Writing for Internal Audit                                               Foundation
                                 GRC Masterclass Program 2023:              19 Oktober 2023                      Kementerian BUMN
                                 Joint Venture between SOE and              October 19, 2023                     Ministry of State Owned
                                 Private Sector                                                                  Enterprises
Adnan         Program            Bimtek Audit Intelligence                  2 Maret 2023                         LPSI
              Planning &                                                    March 2, 2023
              Controlling Sec.
                                 Training Awareness Implementasi            20 Maret 2023                        TUV SUD Indonesia
              Head
                                 Sistem Manajemen Anti Penyuapan            March 20, 2023
                                 (SMAP) Tahun 2023
                                 Training on Awareness for
                                 Implementation of the Anti-Bribery
                                 Management System (SMAP) 2023
                                 Pelatihan Quality Assurance of             20-21 Juli 2023                      Yayasan Pendidikan
                                 Internal Audit Function                    July 20-21, 2023                     Internal Audit
                                 Training Quality Assurance of                                                   Internal Audit Education
                                 Internal Audit Function                                                         Foundation
                                 GRC Masterclass Program 2023:              07/09/2023                           Kementerian BUMN
                                 Risk Management Effectiveness              September 7, 2023                    Ministry of State Owned
                                 Evaluation                                                                      Enterprises
                                 GRC Masterclass Program 2023:              19 Oktober 2023                      Kementerian BUMN
                                 Joint Venture between SOE and              October 19, 2023                     Ministry of State Owned
                                 Private Sector                                                                  Enterprises
                                 Workshop Finance and Accounting            1-2 November 2023                    PT Jasa Marga (Persero)
                                 for Non Finance and Accouting              November 1-2, 2023                   Tbk
                                 Internal Auditor
                                 GRC Masterclass Program 2023: CG           25 Oktober 2023                      Kementerian BUMN
                                 Methodology and Environmental and          October 25, 2023                     Ministry of State Owned
                                 Social Management Systems                                                       Enterprises
                                 Workshop Peningkatan Kapabilitas           14 Desember 2023                     Badan Pengawas
                                 SPI dengan Internal Audit Capability       December 14, 2023                    Keuangan dan
                                 Model (IACM)                                                                    Pembangunan (BPKP)
                                 Workshop on Increasing SPI                                                      Financial and
                                 Capability with the Internal Audit                                              Development Supervisory
                                 Capability Model (IACM)                                                         Agency (BPKP))




                                                                                               Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  223
Page 224
                                                 Tabel Pengembangan Kompetensi Unit Internal Audit
                                                      Table of Internal Audit Unit Competency Development



                                                Materi Pengembangan Kompetensi/               Waktu dan Tempat
      Nama                  Jabatan                         PelatIhan                           Pelaksanaan               Penyelenggara
       Name                  Position                      Subject of Competency               Implementation Date            Provider
                                                            Development/Training                   and Location

  Teki Sejati         Junior Auditor           Workshop Audit Investigasi Online            13-14 April 2023         Yayasan Pendidikan
                                                                                            April 13-14, 2023        Internal Audit
                                                                                                                     Internal Audit Education
                                                                                                                     Foundation
                                               Pelatihan Quality Assurance of               20-21 Juli 2023          Yayasan Pendidikan
                                               Internal Audit Function                      July 20-21, 2023         Internal Audit
                                               Training on Quality Assurance of                                      Internal Audit Education
                                               Internal Audit Function                                               Foundation
                                               GRC Masterclass Program 2023:                7 September 2023         Kementerian BUMN
                                               Risk Management Effectiveness                September 7, 2023        Ministry of State Owned
                                               Evaluation                                                            Enterprises
                                               GRC Masterclass Program 2023:                19 Oktober 2023          Kementerian BUMN
                                               Joint Venture between SOE and                October 19, 2023         Ministry of State Owned
                                               Private Sector                                                        Enterprises
                                               Workshop Finance and Accounting              1-2 November 2023        PT Jasa Marga (Persero)
                                               for Non Finance and Accouting                November 1-2, 2023       Tbk
                                               Internal Auditor
                                               GRC Masterclass Program 2023: CG             25 Oktober 2023          Kementerian BUMN
                                               Methodology and Environmental and            October 25, 2023         Ministry of State Owned
                                               Social Management Systems                                             Enterprises




  Pengembangan Kompetensi Unit Manajemen Risiko
  Risk Management Unit Competency Development

                                             Tabel Pengembangan Kompetensi Unit Manajemen Risiko
                                              Table of Risk Management Unit Competency Development



                                                            Materi Pengembangan              Waktu dan Tempat
        Nama                       Jabatan                  Kompetensi/PelatIhan               Pelaksanaan                Penyelenggara
        Name                       Position                 Subject of Competency           Implementation Date              Provider
                                                             Development/Training               and Location
  Devi Lusyana           Risk & Quality,                   Dapat dilihat pada Pembahasan Pengembangan Kompetensi Komite Manajemen
                         Health, Safety, and               Risiko
                         Environment Group                 Disclosed in Risk Management Committee Competency Development section
                         Head




224   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 225
                                                                   Profil Perusahaan
                                                                   Company Profile




                            Tabel Pengembangan Kompetensi Unit Manajemen Risiko
                             Table of Risk Management Unit Competency Development



                                      Materi Pengembangan             Waktu dan Tempat
    Nama             Jabatan          Kompetensi/PelatIhan              Pelaksanaan                             Penyelenggara
    Name             Position         Subject of Competency          Implementation Date                           Provider
                                       Development/Training              and Location
Febrina Amir   Risk Management      Pre IPO and Post IPO          Online, 10 Agustus 2023                 BUMN School of
               Dept. Head                                         Online, August 10, 2023                 Excellence
                                                                                                          TAP Capital & LSPPM
                                    Introduction to ESG & IFC     Online, 16 Agustus 2023
                                    Performance Standard          Online, August 16, 2023
                                    Risk Management               Online, 7 September 2023
                                    Effectiveness Evaluation      Online, September 7, 2023
                                    Sosialisasi Pemeringkatan     Online, 14 September 2023
                                    BUMN & Anak Perusahaan        Online, September 14,
                                    BUMN                          2023
                                    Socialization of SOE
                                    Ratings & SOE Subsidiaries
                                    ESG for Boards –              Online, 27 September
                                    Governance of ESG             2023
                                                                  Online, September 27,
                                                                  2023
                                    GRC Integrated                Online, 5 Oktober 2023
                                    In formation for              Online, October 5, 2023
                                    Supervisionary Board
                                    Joint Venture between         Online, 19 Oktober 2023
                                    SOE and Private Sector        Online, October 19, 2023
                                    CG Methodology and            Online, 25 Oktober 2023
                                    Environmental and Social      Online, October 25, 2023
                                    Management System
                                    Pelatihan dan Sertifikasi     11-13 Oktober 2023
                                    Certified Risk Profesional    October 11-13, 2023
                                    Certified Risk Professional
                                    Training and Certification
Doddy          Risk Management      Pre IPO and Post IPO          Online, 10 Agustus 2023                 BUMN School of
Lombardo       Specialist                                         Online, August 10, 2023                 Excellence
                                    Introduction to ESG & IFC     Online, 16 Agustus 2023
                                    Performance Standard          Online, August 16, 2023
                                    Risk Management               Online, 7 September 2023
                                    Effectiveness Evaluation      Online, September 7, 2023
                                    Sosialisasi Pemeringkatan     Online, 14 September 2023
                                    BUMN & Anak Perusahaan        Online, September 14,
                                    BUMN                          2023
                                    Socialization of SOE
                                    Ratings & SOE Subsidiaries
                                    ESG for Boards –              Online, 27 September
                                    Governance of ESG             2023
                                                                  Online, September 27,
                                                                  2023
                                    GRC Integrated                Online, 5 Oktober 2023
                                    Information for               Online, October 5, 2023
                                    Supervisionary Board
                                    Joint Venture between         Online, 19 Oktober 2023
                                    SOE and Private Sector        Online, October 19, 2023
                                    CG Methodology and            Online, 25 Oktober 2023
                                    Environmental and Social      Online, October 25, 2023
                                    Management System




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          225
Page 226
                                               Tabel Pengembangan Kompetensi Unit Manajemen Risiko
                                                Table of Risk Management Unit Competency Development



                                                              Materi Pengembangan              Waktu dan Tempat
          Nama                       Jabatan                  Kompetensi/PelatIhan               Pelaksanaan                 Penyelenggara
          Name                       Position                 Subject of Competency           Implementation Date               Provider
                                                               Development/Training               and Location
      Anggi Gilang         Certified Risk                    Central Hotel Cawang, 12      Lembaga Sertifikasi Profesi   Lembaga Sertifikasi
      Ramadhan             Associate (CRA)                   Oktober 2023/                 Pasar Modal (LSPPM)           Profesi Pasar Modal
                                                             October 12, 2023              Capital Market Professional   (LSPPM)
                                                                                           Certification Institute       Capital Market
                                                                                           (LSPPM)                       Professional
                                                                                                                         Certification Institute
                                                                                                                         (LSPPM)
      Annisa Amalia        Risk Management                   Pre IPO and Post IPO          Online, 10 Agustus 2023       BUMN School of
                           Assistant                                                       Online, August 10, 2023       Excellence
                                                             Introduction to ESG & IFC     Online, 16 Agustus 2023
                                                             Performance Standard          Online, August 16, 2023
                                                             Risk Management               Online, 7 September 2023
                                                             Effectiveness Evaluation      Online, September 7, 2023
                                                             Sosialisasi Pemeringkatan     Online, 14 September 2023
                                                             BUMN & Anak Perusahaan        Online, September 14,
                                                             BUMN                          2023
                                                             Socialization of SOE
                                                             Ratings & SOE Subsidiaries
                                                             ESG for Boards –              Online, 27 September
                                                             Governance of ESG             2023
                                                                                           Online, September 27,
                                                                                           2023
                                                             GRC Integrated                Online, 5 Oktober 2023
                                                             Information For               Online, October 5, 2023
                                                             Supervisionary Board
                                                             Joint Venture between         Online, 19 Oktober 2023
                                                             SOE and Private Sector        Online, October 19, 2023
                                                             CG Methodology and            Online, 25 Oktober 2023
                                                             Environmental and Social      Online, October 25, 2023
                                                             Management System
      Harenda              Risk Management                   Pre IPO and Post IPO          Online, 10 Agustus 2023       BUMN School of
      Adityoso P.          Assistant                                                       Online, August 10, 2023       Excellence
                                                                                                                         IRBA & LSPPM
                                                             Introduction to ESG & IFC     Online, 16 Agustus 2023
                                                             Performance Standard          Online, August 16, 2023
                                                             Risk Management               Online, 7 September 2023
                                                             Effectiveness Evaluation      Online, September 7, 2023
                                                             Sosialisasi Pemeringkatan     Online, 14 September 2023
                                                             BUMN & Anak Perusahaan        Online, September 14,
                                                             BUMN                          2023
                                                             Socialization of BUMN
                                                             Ratings & BUMN
                                                             Subsidiaries
                                                             ESG for Boards –              Online, 27 September
                                                             Governance of ESG             2023
                                                                                           Online, September 27,
                                                                                           2023
                                                             GRC Integrated                Online, 5 Oktober 2023
                                                             Information for               Online, October 5, 2023
                                                             Supervisionary Board
                                                             Joint Venture between         Online, 19 Oktober 2023
                                                             SOE and Private Sector        Online, October 19, 2023
                                                             CG Methodology and            Online, 25 Oktober 2023
                                                             Environmental and Social      Online, October 25, 2023
                                                             Management System
                                                             Pelatihan dan Sertifikasi     7-9 Agustus 2023
                                                             Certified Risk Professional   August 7-9, 2023
                                                             Certified Risk Professional
                                                             Training and Certification

226     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 227
                                                                   Profil Perusahaan
                                                                   Company Profile




Evaluasi Pelaksanaan Pengembangan                          Evaluation of the Implementation of
Kompetensi                                                 Competency Development

Perseroan melakukan evaluasi atas pelaksanaan              The company conducts periodic evaluations of
pengembangan kompetensi karyawan secara berkala.           employee competency development. The evaluation
Proses evaluasi hasil pengembangan kompetensi              process for competency development is integrated
terintegrasi dengan sistem penilaian kinerja (Jasa         with the performance assessment system (Jasa
Marga Performance Development (JMPD) dan klasifikasi       Marga Performance Development - JMPD) and
talent (Talent Management System). Dengan demikian,        talent classification (Talent Management System).
Perseroan akan mampu menilai hasil, serta dampak           Consequently, the company will be able to assess the
pelatihan terhadap kinerja sumber daya manusia,            outcomes and impacts of training on human resources
yang tidak hanya menilai hasil kerja karyawan namun        performance, evaluating not only employee work results
juga perilaku (behaviour) dan kapasitas/kompetensi         but also their behavior and capacity/competence.
(capacity). Selanjutnya, Perseroan akan menjadikan hasil   Subsequently, the company will use these evaluation
evaluasi tersebut sebagai feedback dalam menyusun          results as feedback in formulating future training
program pelatihan ke depannya.                             programs.



Biaya Pengembangan Kompetensi                              Competency Development Budget

Perseroan telah merealisasikan biaya pengembangan          The company has realized competency development
kompetensi bagi pegawai sebesar Rp10,7 miliar di           expenses for employees amounting to Rp10.7 billion in
tahun 2023. Adapun biaya tersebut digunakan untuk          2023. The expenses are utilized to enhance the quality
meningkatkan kualitas karyawan dengan berfokus pada        of employees, with a focus on digital learning and
pembelajaran digital dan sertifikasi kompetensi pegawai.   employee competence certification.




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          227
Page 228
  Komposisi Pemegang Saham
  Shareholders Composition

  Komposisi Pemegang Saham Perseroan pada akhir                                 The Company’s shareholders composition as of 2023
  tahun buku 2023 adalah sebagai berikut:                                       fiscal year end is as follows:




  Pemerintah                                                                                                           Masyarakat
  Republik                                                                                                             Public
  Indonesia C/Q
  Kementerian
  BUMN
  Government of
  the Republic
  of Indonesia
  c/q Ministry of
  State Owned
  Enterprises
                                                                                                                         Pengendali
                                                                                                                         Controlling
                                                                                                                     Non Pengendali
                                                                                                                     Non-controlling




  Kelompok pemegang saham publik Perseroan tidak ada                            There is none of the Company’s public shareholders with
  yang memiliki saham di atas 5%.                                               more than 5% shares ownership.



  Pemegang Saham Jasa Marga per 31                                              Shareholders of Jasa Marga as of
  Desember 2023                                                                 December 31, 2023

                                            Tabel Pemegang Saham Jasa Marga per 31 Desember 2023
                                                   Table Shareholders of Jasa Marga as of December 31, 2023



                Pemegang Saham                             Jumlah Pemegang Saham                  Jumlah Saham                Persentase
                    Shareholders                              Number of Shareholders              Number of Shares           Percentage (%)

  Pemerintah Republik Indonesia
  Government of The Republic of Indonesia
  Saham Dwi Warna
                                                                                                          1
  Dwi Warna Shares
  Saham Seri B
                                                                         1                         5.080.509.839                 70%
  Series B Share
  Total                                                                  1                        5.080.509.840                  70%
  Pemodal Nasional
  National Investors
  Perorangan Indonesia
                                                                      15.434                        147.490.051                 2,03%
  Individual Domestic
  Lembaga/Badan Usaha Indonesia
                                                                       159                          645.282.536                 8,89%
  Indonesian Business Institutes/Entities
  Asuransi
                                                                       123                          212.919.376                 2,93%
  Insurance


228   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 229
                                                                                                  Profil Perusahaan
                                                                                                  Company Profile




                                                   Tabel Pemegang Saham Jasa Marga per 31 Desember 2023
                                                         Table Shareholders of Jasa Marga as of December 31, 2023



                         Pemegang Saham                          Jumlah Pemegang Saham                        Jumlah Saham                          Persentase
                              Shareholders                          Number of Shareholders                    Number of Shares                      Percentage (%)

            Yayasan
                                                                              13                                    11.986.966                          0,17%
            Foundations
            Koperasi
                                                                               3                                      61.081                           0,00%
            Cooperatives
            Reksadana
                                                                             175                               258.845.396                             3,57%
            Mutual Funds
            Sub Total                                                       15.907                            1.276.585.406                            17,59%
            Pemodal Asing
            Foreign Investors
            Perorangan Asing
                                                                             188                                    6.151.364                          0,08%
            Foreign Individuals
            Badan Usaha Asing
                                                                             295                               894.624.590                             12,33%
            Foreign Enterprises
            Sub Total                                                        483                               900.775.954                             12,41%
            Total                                                           16.391                            7.257.871.200                             100%


                                             Grafik Komposisi Pemegang Saham Jasa Marga per 31 Desember 2023
                                        Chart of Composition of Shareholders and Ownership Jasa Marga as of December 31, 2023




                                                                                                                                                                         8,89%

Pemerintah                                                     Masyarakat
Republik                                                       Public
Indonesia C/Q
Kementerian
BUMN
Government                                                                                                                                                               3,57%
of the
Republic of
Indonesia c/q
Ministry of
State Owned
Enterprises
                                                                                                                                                                         2,93%

                                                                            12,41%                                                                                       2,03%
                    Pengendali
                    Controlling
                                       Non Pengendali
                                       Non-controlling
                                                                                                                                                                         0,17%

                                                                                          Pemodal Asing                   Yayasan                         Asuransi
                                                                                          Foreign Investors               Foundations                     Insurance

                                                                                          Institusi Indonesia              Perorangan Indonesia           Reksa Dana
                                                                                          Indonesian Institution           Indonesian Individuals         Mutual Fund




                                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                          229
Page 230
  Pemegang Saham Dengan Kepemilikan Saham 5% atau Lebih
  Shareholders with More than 5% Shares Ownership
                     Tabel Pemegang Saham yang Memiliki 5% atau Lebih Saham pada Awal dan Akhir Tahun Buku
                                Table of Shareholders Owned 5% or More Shares at the Beginning and End of the Fiscal Year



                Pemegang Saham                               Jumlah Saham                     Persentase                                      Status
                     Shareholders                           Number of Shares                 Percentage (%)                                  Condition

  Pemerintah Republik Indonesia                                                                                                Pemegang Saham Pengendali
                                                             5.080.509.839                         70%
  State of Republic of Indonesia                                                                                                 Controlling Shareholders




  Kelompok Pemegang Saham Masyarakat dengan Kepemilikan Saham Masing-
  Masing Kurang dari 5%
  Public Shareholders Group with Less than 5% Shares Ownership
                Tabel Kelompok Pemegang Saham Masyarakat dengan Kepemilikan Saham Masing-Masing Kurang dari 5%
                                           per 1 Januari 2023 dan 31 Desember 2023
                 Table of Public Shareholder Groups with Share Ownership Each Less Than 5% as of January 1, 2023, and December 31, 2023



                                                                          Jumlah
                                                        Jumlah           Pemegang
                                                      Pemegang          Saham pada         Jumlah Saham                                   Persentase
                                                                                                                   Jumlah Saham
                                                     Saham pada             Akhir         pada Awal Tahun                                    pada         Persentase pada
                                                                                                                  pada Akhir Tahun
                                                         Awal              Tahun                                                          Awal Tahun        Akhir Tahun
               Pemegang Saham                                                                  Buku*                   Buku*
                                                     Tahun Buku*           Buku**                                                           Buku**             Buku**
                 Shareholders                                                           Number of Shares at      Number of Shares at
                                                      Number of          Number of                                                       Percentage at    Percentage at End
                                                                                        the Beginning of the     the End of the Fiscal
                                                    Shareholders at     Shareholders                                                     Beginning of      of Fiscal Year**
                                                                                            Fiscal Year*                Year*
                                                   the Beginning of      at the End                                                       Fiscal Year*
                                                    the Fiscal Year*    of the Fiscal
                                                                            Year*

  Pemegang Saham Domestik
  Domestic Shareholders
  Perorangan Indonesia
                                                           26.289           15.434           367.616.524              147.490.051              5,07%                 2,03%
  Indonesian Individuals
  Lembaga/Badan Usaha Indonesia
  Indonesian Institutions/Business                             218              159          688.327.738            645.282.536                9,48%                8,89%
  Entities
  Asuransi
                                                               105              123          193.422.876              212.919.376              2,67%                 2,93%
  Insurance
  Yayasan
                                                                 19               13          24.537.407               11.986.966              0,34%                  0,17%
  Foundations
  Koperasi
                                                                  3                3               443.081                   61.081            0,01%                0,00%
  Cooperatives
  Reksadana
                                                                133              175         183.532.426            258.845.396                2,53%                 3,57%
  Mutual Funds
  Pemegang Saham Asing
  Foreign Investors Shareholders
  Perorangan Asing
                                                               152              188            5.442.464                 6.151.264             0,07%                0,08%
  Foreign Individuals
  Badan Usaha Asing
                                                               251              295          714.038.844            894.624.590                9,84%                12,33%
  Foreign Enterprises
  TOTAL                                                     27.171             295        2.177.361.360           2.177.361.360                  30%                   30%
  Keterangan/Notes
  *) Awal Tahun Buku Perseroan adalah 1 Januari 2023, namun demikian dikarenakan tanggal 1 Januari 2023 masih merupakan hari libur Bursa, maka data yang
      digunakan adalah data per 2 Januari 2023 yang merupakan hari pertama perdagangan Bursa.
  **) Akhir Tahun Buku Perseroan adalah 31 Desember 2023.
  *) The beginning of the Company’s Fiscal Year is January 1, 2023, however January 1, 2023 is still an Exchange holiday, the data used is as of January 3, 2023, which is
      the first Exchange trading day.
  **) The end of the Company’s Fiscal Year is December 31, 2023.




230   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 231
                                                                         Profil Perusahaan
                                                                         Company Profile




20 Pemegang Saham Terbesar
Top 20 Shareholders

                             Tabel 20 Pemegang Saham Terbesar per 31 Desember 2023
                                    Table of Top 20 Shareholders as of December 31, 2023



 No                Pemegang Saham                     Jumlah Saham            Persentase                                Status
                     Shareholders                     Number of Shares       Percentage (%)                           Condition

 1    NEGARA REPUBLIK INDONESIA                      5.080.509.840          70,00000000              Negara Republik Indonesia
                                                                                                     State of Republic of Pension Fund
 2    DJS KETENAGAKERJAAN PROGRAM JHT                247.524.233              3,41042470             Dana Pensiun
                                                                                                     Pension Fund
 3    PT. TASPEN                                     159.509.900              2,19775050             Dana Pensiun
                                                                                                     Pension Fund
 4    BNYM RE BNYMLB RE EMPLOYEES                    123.329.792              1,69925570             Badan Usaha Asing
      PROVIDENTFD                                                                                    Foreign Enterprises
 5    HSBC BK PLC S/A THE PRUDENTIAL                 85.379.100                1,17636560            Badan Usaha Asing
      ASSURANCE                                                                                      Foreign Enterprises
 6    DJS KETENAGAKERJAAN PROGRAM JP                 72.410.615               0,99768390             Dana Pensiun
                                                                                                     Pension Fund
 7    CITIBANK NEW YORK S/A GOVERNMENT OF            52.960.800               0,72970160             Badan Usaha Asing
      NORW                                                                                           Foreign Enterprises
 8    PT TASPEN (ASURANSI) - AFS                     45.689.120               0,62951130             Dana Pensiun
                                                                                                     Pension Fund
 9    JPMCB NA RE - VANGUARD EMERGING                30.445.604               0,41948390             Badan Usaha Asing
      MARKETS                                                                                        Foreign Enterprises
 10   RD SCHRODER D PRESTASI PLUS-908294000          30.351.100                0,41818180            Reksadana
                                                                                                     Mutual Funds
 11   CITIBANK NEW YORK S/A GOVERNMENT OF            30.150.300               0,41541520             Badan Usaha Asing
      NORW                                                                                           Foreign Enterprises
 12   JPMCB NA RE-VANGUARD TOTAL                     29.505.859              0,40653600              Badan Usaha Asing
      INTERNATIONAL                                                                                  Foreign Enterprises
 13   CITIBANK NEW YORK S/A GOVERNMENT OF            28.879.800               0,39791010             Badan Usaha Asing
      NORW                                                                                           Foreign Enterprises
 14   PT. PRUDENTIAL LIFE ASSURANCE - REF            26.829.200              0,36965660              Asuransi
                                                                                                     Insurance
 15   CITIBANK HONG KONG S/A 4D GLOBAL               24.092.682               0,33195250             Badan Usaha Asing
      INFRAST                                                                                        Foreign Enterprises
 16   THE NT TST CO S/A GENERAL                      23.671.900               0,32615490             Badan Usaha Asing
      ORGANISATION F                                                                                 Foreign Enterprises
 17   STATE STREET BANK-ISHARES CORE MSCI            23.401.780               0,32243310             Badan Usaha Asing
      EMER                                                                                           Foreign Enterprises
 18   CITIBANK HONG KONG S/A 4D GLOBAL               23.104.329               0,31833480             Badan Usaha Asing
      INFRAST                                                                                        Foreign Enterprises
 19   JPMCB NA RE-JPMORGAN ASEAN FUND                20.798.200              0,28656060              Badan Usaha Asing
                                                                                                     Foreign Enterprises
 20   SEB S/A EVLI EMERGING FRONTIER FUND            20.000.000              0,27556290              Badan Usaha Asing
                                                                                                     Foreign Enterprises
      TOTAL                                          6.178.544.154                 85,13




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                231
Page 232
  Kepemilikan Saham Dewan Komisaris dan Direksi
  The Board of Commissioners and the Board of Directors Shares Ownership

                           Tabel Kepemilikan Saham Dewan Komisaris dan Direksi pada Awal dan Akhir Tahun Buku
                      Table of Share Ownership by the Board of Commissioners and Directors at the Beginning and End of the Fiscal Year



                                                                   Jumlah Saham                                                    Persentase
                                                                     Total Share                                                  Percentage (%)

                                                        2023                                                         2023
                         Nama
      No                                     Awal Tahun             31                                  Awal Tahun              31
                                                Buku*          Desember         2022        2021           Buku*            Desember           2022              2021
                                             Beginning of       2023**                                  Beginning of         2023**
                                             Fiscal Year*      December                                 Fiscal Year*        December
                                                               31, 2023**                                                   31, 2023**

  Dewan Komisaris/ Board of Commissioners
      1       Mohammad Zainal                           -                   -          -            -               -                    -              -               -
              Fatah
      2       M. Roskanedi                              -        139.300               -            -               -       0,0019193                   -               -

      3       Raja Erizman                              -        139.400               -            -               -       0,0019207                   -               -

      4       Chandra Wijaya                            -                   -          -            -               -                    -              -               -

      5       Seppalga Ahmad                            -                   -          -            -               -                    -              -               -

      6       Marsetio                                  -                   -          -            -               -                    -              -               -

      7       Abdul Rachman                             -                   -          -            -               -                    -              -               -

  Direksi/ Board of Directors
      1       Subakti Syukur                    477.700          477.700        477.700    154.000       0,0021218          0,0065818        0,0021218         0,0021218

      2       Pramitha Wulanjani                        -        50.000                -            -               -     0,0006889                     -               -

      3       Mohamad Agus                              -       282.000                -            -               -     0,0038854                     -               -
              Setiawan
      4       Reza Febriano                       5.400         289.600            5.400      5.400     0,0000744         0,0039902          0,0000744       0,0000744

      5       Fitri Wiyanti                      35.500          316.600        35.500      35.500      0,0004891         0,0043622          0,0004891        0,0004891

      6       Bagus Cahya Arinta                  9.600         289.200            9.600      9.600     0,0001323         0,0039846          0,0039846       0,0000744
              B.
  Keterangan/Notes:
  *) Awal Tahun Buku Perseroan adalah 1 Januari 2023, namun demikian dikarenakan tanggal 1 Januari 2023 masih merupakan hari libur Bursa, maka data yang
     digunakan adalah data per 2 Januari 2023.
  **) Akhir Tahun Buku Perseroan adalah 31 Desember 2023.
  *) The beginning of the Company's fiscal year is January 1, 2023, however, because January 1, 2023 is still a Stock Exchange holiday, the data used is data as of
      January 2, 2023.
  **) The end of the Company's fiscal year is December 31, 2023.




232       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 233
                                                                     Profil Perusahaan
                                                                     Company Profile




Kepemilikan Tidak Langsung Dewan                             Indirect Ownership of the Board of
Komisaris dan Direksi terhadap Saham                         Commissioners and the Board of
Perseroan                                                    Directors of the Company’s Shares

Hingga akhir tahun 2023, Dewan Komisaris dan Direksi         Until the end of 2023, the Board of Commissioners and
tidak memiliki kepemilikan tidak langsung atas saham         the Board of Directors do not have indirect ownership of
Perseroan.                                                   the Company’s shares.



Pembelian/Penjualan Saham Dewan                              Purchase/Sale of Shares of the Board of
Komisaris dan Direksi                                        Commissioners and Board of Directors

Sesuai dengan Peraturan Otoritas Jasa Keuangan No.           Pursuant to Financial Services Authority Regulation
11/POJK.04/2017 tentang Laporan Kepemilikan atau             No. 11/POJK.04/2017 concerning Ownership Report or
Setiap Perubahan Kepemilikan Saham Perusahaan                Any Change in Share Ownership of Public Companies,
Terbuka, setiap anggota Dewan Komisaris dan Direksi          each of the Board of Commissioners and Board of
diwajibkan untuk menyampaikan informasi kepada               Directors members is required to submit information to
Perseroan mengenai kepemilikan dan setiap perubahan          the Company regarding ownership and any changes in
kepemilikannya atas saham Perseroan.                         ownership of the Company’s shares.



Informasi Tentang Pemegang Saham                             Information About Majority
Utama dan/atau Pemegang Saham                                Shareholders and/or Controlling
Pengendali                                                   Shareholders

Pemegang saham Utama Perseroan adalah Negara                 Majority shareholder of the Company is the Republic
Republik Indonesia, yang diwakili oleh Pemerintah            of Indonesia Government, represented by the Republic
Republik Indonesia/Kementerian Badan Usaha Milik             of Indonesia/the Ministry of State-Owned Enterprises
Negara (BUMN) dengan kepemilikan sebesar 70%                 (SOEs) with 70% ownership consisting of 1 (one)
yang terdiri dari 1 (satu) lembar Saham Seri A Dwiwarna      Dwiwarna Series A Share and 5,080,509,839 Series B
dan 5.080.509.839 lembar Saham Seri B Biasa. Tidak           Ordinary Shares. There are no individual owners who are
terdapat pemilik individu yang menjadi pemegang              the main and controlling shareholders of the Company.
saham utama dan pengendali Perseroan.

Kebijakan Saham Seri A Dwiwarna (Saham Preferen)             The Series A Dwiwarna Share Policy (Preferent Shares)
ditempuh oleh Pemerintah selaku pemilik modal utama          was adopted by the Government as the ultimate owner
sebagai langkah strategi terkait status Jasa Marga sebagai   as a strategic initiative related to Jasa Marga’s status
entitas BUMN yang mempersyaratkan peran Pemerintah           as a SOE entity which requires the Government’s role
untuk mendorong BUMN dalam memberikan kontribusi             to encourage SOE to contribute the national economy
bagi perkembangan perekonomian nasional pada                 development, generally, and state revenues, particularly,
umumnya dan penerimaan negara pada khususnya, sesuai         according to the Law No. 19 of 2003 on SOEs.
Undang- Undang No. 19 Tahun 2003 tentang BUMN.

Bagan mengenai Pemegang Saham Utama dan                      A chart of Major and Controlling Shareholders can be
Pengendali dapat dilihat di Bab Profil Perusahaan dalam      seen in the Company Profile Chapter in this Annual
Buku Laporan Tahunan ini.                                    Report.




                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                            233
Page 234
     Entitas Anak, Ventura Bersama,
     dan Entitas Asosiasi
     Subsidiaries, Associates Entities, and Joint Ventures

     Entitas Anak
     Subsidiaries


                                                                  Tabel Daftar Entitas Anak
                                                                   Table List of Subsidiaries



                                                                                                                                   Total Aset Sebelum
                                                                                                                                          Eliminasi
                                                                 Persentase Kepemilikan
                                                                                                                                  (dalam jutaan rupiah)
                                                                  Ownership Percentage
                                                                                                Tahun Operasi    Periode Masa       Total Assets Before
                                                                          (%)
                                                                                                  Komersial        Konsesi               Elimination
       Entitas Anak          Aktivitas Utama          Domisili                                                                         (in Rp million)
No                                                                                                 Start of         (Tahun)
       Subsidiaries          Principal Activity       Domicile
                                                                      31            31           Commercial       Concession
                                                                 Desember      Desember           Operations     Period (Year)
                                                                   2023          2022                                              2023          2022
                                                                 December      December
                                                                  31, 2023      31, 2022
1    PT Jalantol            Jasa                    Bekasi         99,96          99,96         1 Oktober 2001         -          34.486         36.130
     Lingkarluar            Pengoperasian                                                       October 1,
     Jakarta (JLJ),         Jalan Tol                                                           2001
     berdiri tanggal        Toll Road
     22 Desember            Operation Service
     2000
     Established on
     December 22,
     2000
2    PT Marga Sarana        Pengusahaan             Bogor          55,00          55,00         23 November           50         3.307.265     3.267.854
     Jabar (MSJ),           jalan Tol Bogor                                                     2009
     berdiri tanggal        Outer Ring Road                                                     November 23,
     11 Mei 2007            Bogor Ring                                                          2009
     Established on         Road Outer Toll
     May 11, 2007           Road Concession
                            Holder
3    PT Marga Trans         Pengusahaan             Tangerang      60,00          60,00         20 Desember           35         4.091.923     4.072.070
     Nusantara (MTN),       Ruas Jalan Tol          Selatan                                     2019
     berdiri tanggal        Kunciran Serpong        South                                       December 20,
     14 Mei 2008            Kunciran Serpong        Tangerang                                   2019
     Established on         Toll Road
     May 14, 2008           Concession
                            Holder
4    PT Jasamarga           Pengusahaan             Tangerang      78,53          78,53         11 November           35         5.434.832     5.488.370
     Kunciran               Ruas Jalan                                                          2021
     Cengkareng             Tol Kunciran-                                                       November 11,
     (JKC), berdiri         Cengkareng                                                          2021
     tanggal                Kunciran-
     14 Mei 2008            Cengkareng
     Established on         Road Concession
     May 14, 2008           Holder




234     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 235
                                                                                    Profil Perusahaan
                                                                                    Company Profile




                                                            Tabel Daftar Entitas Anak
                                                             Table List of Subsidiaries



                                                                                                                                           Total Aset Sebelum
                                                                                                                                                  Eliminasi
                                                           Persentase Kepemilikan
                                                                                                                                          (dalam jutaan rupiah)
                                                            Ownership Percentage
                                                                                           Tahun Operasi           Periode Masa             Total Assets Before
                                                                    (%)
                                                                                             Komersial               Konsesi                     Elimination
       Entitas Anak       Aktivitas Utama       Domisili                                                                                       (in Rp million)
No                                                                                            Start of                (Tahun)
       Subsidiaries       Principal Activity    Domicile
                                                                31            31            Commercial              Concession
                                                           Desember      Desember            Operations            Period (Year)
                                                             2023          2022                                                            2023              2022
                                                           December      December
                                                            31, 2023      31, 2022
5    PT Jasamarga        Pengusahaan           Jakarta       99,82          99,82         10 Februari 1989                -             2.644.488          1.919.830
     Tollroad            Jasa Preservasi                                                  February 10,
     Maintenance         dan Pemeliharaan                                                 1989
     (JMTM),             Jalan Tol, Jasa
     berdiri tanggal     Konstruksi, Jasa
     26 Agustus 1988     Sewa Alat Berat,
     Established on      serta Penjualan
     August 26, 1988     Aspal
                         Services in Toll
                         Road Preservation
                         and Maintenance,
                         Construction,
                         Heavy Equipment
                         Rental, and
                         Asphalt Sales
6    PT Jasamarga        Pengusahaan           Denpasar      64,44          64,44         1 Oktober 2013                 45             1.904.424          1.909.164
     Bali Tol (JBT),     Ruas Jalan Tol                                                   October 1,
     berdiri tanggal     Nusa Dua-Tanjung                                                 2013
     22 Agustus 2011     Benoa
     Established on      Nusa Dua-
     August 22, 2011     Tanjung Benoa
                         Toll Road
                         Concession
                         Holder
7    PT Jasamarga        Pengembangan          Jakarta       99,94          99,94         15 Januari 2013                 -             2.280.121          2.184.176
     Related Business    Bisnis Properti/                                                 January 15,
     (JMRB), berdiri     Toll Corridor                                                    2013
     tanggal             Development
     15 Januari 2013     (TCD)
     Established on      Business
     January 15, 2013    Development In
                         Property/
                         Toll Corridor
                         Development
                         (TCD)
8    PT Jasamarga        Pengusahaan           Deli          55,00          55,00         13 Oktober 2017                40             4.072.786          3.972.723
     Kualanamu Tol       Ruas Jalan            Serdang                                    October 13,
     (JMKT), berdiri     Tol Medan-                                                       2017
     tanggal             Kualanamu-Tebing
     25 November         Tinggi
     2014                Kualanamu-
     Established on      Tebing Tinggi
     November 25,        Toll Road
     2014                Concession
                         Holder
9    PT Cinere           Pengusahaan           Tangerang     55,00          55,00         2 Juni 2021                    35             3.453.921          3.305.258
     Serpong Jaya        Ruas Jalan Tol        Selatan                                    June 2, 2021
     (CSJ), berdiri      Serpong-Cinere        South
     tanggal             Serpong-Cinere        Tangerang
     10 Juli 2008        Toll Road
     Established on      Concession
     July 10, 2008       Holder
10   PT Jasamarga        Jasa                  Jakarta       99,98          99,98         31 Desember                     -             1.497.041          1.309.010
     Tollroad Operator   Pengoperasian                                                    2015
     (JMTO), berdiri     Jalan Tol                                                        December 31,
     tanggal             Toll Road                                                        2015
     21 Agustus 2015     Operation
     Established on      Services
     August 21, 2015




                                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                           235
Page 236
                                                                  Tabel Daftar Entitas Anak
                                                                   Table List of Subsidiaries



                                                                                                                                   Total Aset Sebelum
                                                                                                                                          Eliminasi
                                                                 Persentase Kepemilikan
                                                                                                                                  (dalam jutaan rupiah)
                                                                  Ownership Percentage
                                                                                                Tahun Operasi   Periode Masa        Total Assets Before
                                                                          (%)
                                                                                                  Komersial       Konsesi                Elimination
       Entitas Anak          Aktivitas Utama          Domisili                                                                         (in Rp million)
No                                                                                                 Start of        (Tahun)
       Subsidiaries          Principal Activity       Domicile
                                                                      31            31           Commercial      Concession
                                                                 Desember      Desember           Operations    Period (Year)
                                                                   2023          2022                                             2023           2022
                                                                 December      December
                                                                  31, 2023      31, 2022
11   PT Jasamarga           Pengusahaan             Manado         64,97          64,97         30 Oktober           40         4.551.816      4.699.853
     Manado Bitung          Ruas Jalan Tol                                                      2020
     (JMB), berdiri         Manado-Bitung                                                       October 30,
     tanggal                Manado-Bitung                                                       2020
     6 Juni 2016            Toll Road
     Established on         Concession
     June 6, 2016           Holder
12   PT Jasamarga           Pengusahaan             Balikpapan     67,39          67,39         14 Juni 2020         50         9.727.438      9.986.530
     Balikpapan             Ruas Jalan Tol                                                      June 14, 2020
     Samarinda (JBS),       Balikpapan-
     berdiri tanggal        Samarinda
     6 Juni 2016            Balikpapan-
     Established on         Samarinda Toll
     June 6, 2016           Road Concession
                            Holder
13   PT Jasamarga           Pengusahaan             Jakarta        99,00          99,00         2 Juni 2017           -         60.972.603    26.040.960
     Transjawa Tol          Ruas Jalan Tol                                                      June 2, 2017
     (JTT), berdiri         Trans Jawa
     tanggal                Trans Java Toll
     2 Juni 2017            Road Concession
     Established on         Holder
     June 2, 2017


14   PT Jasamarga           Pengusahaan             Jakarta        90,97          90,97         Tahap                35         8.544.948      6.432.102
     Japek Selatan          Ruas Jalan                                                          konstruksi
     (JJS), berdiri         Tol Jakarta –                                                       Under
     tanggal                Cikampek Ii Sisi                                                    construction
     29 Desember            Selatan
     2017                   Jakarta-
     Established on         Cikampek Ii
     December 29,           South Section
     2017                   Toll Road
                            Concession
                            Holder
15   PT Jasamarga           Pengusahaan             Jakarta        94,93          94,93         Tahap                50         2.253.692       266.823
     Probolinggo            Ruas Jalan Tol                                                      konstruksi
     Banyuwangi             Probolinggo –                                                       Under
     (JPB), berdiri         Banyuwangi                                                          construction
     tanggal                Probolinggo-
     29 Desember            Banyuwangi Toll
     2017                   Road Concession
     Established on         Holder
     December 29,
     2017
16   PT Jasamarga           Pengusahaan             Jakarta        63,15          60,00         Tahap                40         3.181.299      1.040.142
     Jogja Bawen            Ruas Jalan Tol                                                      konstruksi
     (JJB), berdiri         Yogyakarta –                                                        Under
     tanggal                Bawen                                                               construction
     11 November 2020       Yogyakarta-
     Established on         Bawean Toll
     November 11,           Road Concession
     2020                   Holder
17   PT Jasamarga           Pengusahaan ruas        Jakarta        57,17            -           Tahap                50          986.255           -
     Akses Patimban         jalan tol Akses                                                     pengembangan
     (JAP), berdiri         Patimban                                                            Under
     tanggal 16 Januari     Patimban Access                                                     Development
     2023                   Concession
     Established on         Holder
     November 16,
     2023




 236     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 237
            Profil Perusahaan
            Company Profile




Simpang Susun Caruban Jalan Tol Ngawi-Kertosono
           Caruban Interchange Ngawi-Kertosono Toll Road




                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                   237
Page 238
238   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 239
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       239
Page 240
240   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 241
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       241
Page 242
242   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 243
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       243
Page 244
244   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 245
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       245
Page 246
246   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 247
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       247
Page 248
248   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 249
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       249
Page 250
250   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 251
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       251
Page 252
252   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 253
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       253
Page 254
254   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 255
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       255
Page 256
256   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 257
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       257
Page 258
258   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 259
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       259
Page 260
260   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 261
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       261
Page 262
262   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 263
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       263
Page 264
264   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 265
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       265
Page 266
266   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 267
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       267
Page 268
268   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 269
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       269
Page 270
270   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 271
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       271
Page 272
       Kronologi Penerbitan dan/atau Pencatatan Saham
       Chronology of Shares Listing and/or Issuance

                                                       Tabel Kronologi Penerbitan dan/atau Pencatatan Saham
                                                                 Table Chronology of Shares Listing and/or Issuance



                                                                                                                                 Modal Ditempatkan dan Disetor
                                                                                                         Jumlah                 Subscribed and Fully Paid-up Capital
                                                                              Nilai       Harga
                                                                                                       Saham yang          Jumlah
                                                                            Nominal     Penawaran
           Periode               Keterangan                 Saham                                      Diterbitkan          Saham            Total Nilai            Total Harga
No                                                                            (Rp)          (Rp)
            Period                Remarks                   Shares                                     Total Shares       (Lembar)         Nominal (Rp)           Penawaran (Rp)
                                                                            Par Value    Offering
                                                                                                          Issued         Total Shares      Total Par Value         Total Offering
                                                                              (Rp)       Price (Rp)
                                                                                                         (Shares)           Issued               (Rp)                Price (Rp)
                                                                                                                           (Shares)
1     Sebelum IPO                                      Saham Biasa             500            -                 -        4.760.000.000    2.380.000.000.000               -
      Pre-IPO                                          Seri B
                                                       Ordinary Shares
                                                       Series B

2     12 November 2007      IPO di Bursa Efek          Saham Biasa             500          1.700      2.040.000.000     6.800.000.000    3.400.000.000.000   11.560.000.000.000
      November 12, 2007     Jakarta                    Seri B
                            IPO at Indonesia Stock     Ordinary Shares
                            Exchange                   Series B

3     13 Oktober 2008 -     Pembelian Saham            Saham Biasa             500            -                 -        6.800.000.000    3.400.000.000.000               -
      12 Januari 2009       Kembali (Buyback)          Seri B
      October 13, 2008 -    Saham Biasa Seri B         Ordinary Shares
      January 12, 2009                                 Series B

4     05 April 2012 -       Penjualan Kembali          Saham Biasa             500            -                 -        6.800.000.000    3.400.000.000.000               -
      25 Juni 2012          Saham (Buyback)            Seri B
      April 5, 2012 -       Reselling of Buyback       Ordinary Shares
      June 25, 2012         Shares)                    Series B

5     02 – 08 Desember      Penawaran umum             Saham Biasa             500          3.900          457.871.200    7.257.871.200   3.628.935.600.000       1.785.697.680.000
      2016                  terbatas I melalui Hak     Seri B
      December 2-8, 2016    Memesan Efek Terlebih      Ordinary Shares
                            Dahulu (HMETD)             Series B
                            Limited public offering
                            I through Pre-emptive
                            Rights (HMETD)

6     Status per 31 Desember 2023                      Saham Biasa             500            -        -                  7.257.871.200   3.628.935.600.000   -
      Status as of December 31, 2023                   Seri B
                                                       Ordinary Shares
                                                       Series B




       Seluruh saham Perseroan dicatatkan pada Bursa Efek                                 All of the Company’s shares are listed on the Indonesia
       Indonesia.                                                                         Stock Exchange.

       Informasi terkait dengan pemecahan saham (stock split),                            Information related to stock splits, reverse stock, stock
       penggabungan saham (reverse stock), dividen saham,                                 dividends, bonus shares, and changes in the nominal
       saham bonus, dan perubahan nilai nominal saham,                                    value of shares, implementation of conversion effects,
       pelaksanaan efek konversi, pelaksanaan penambahan                                  implementation of capital additions and subtractions can
       dan pengurangan modal dapat dilihat pada Bab 1 Ikhtisar                            be seen in Chapter 1 Overview of Main on this Annual
       Kinerja Utama pada Buku Laporan Tahunan ini.                                       Report.




     272    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 273
                                                                                                              Profil Perusahaan
                                                                                                              Company Profile




               Kronologi Penerbitan dan/atau
               Pencatatan Obligasi
               Chronology of Bond Issuance and/or Listing
                                                                Tabel Kronologi Penerbitan Obligasi Jasa Marga
                                                                  Table of Jasa Marga Bond Listing Chronology



                                                                  Jumlah                                                                           Peringkat
                                           Tenor                 Obligasi      Tanggal                                                              Rating
                           Tanggal                                                               Tingkat          Status
         Uraian                           (Tahun)   Mata Uang      (Juta)    Jatuh Tempo                                                                                         Wali Amanat
No                        Penerbitan                                                          Suku Bunga        Pembayaran
       Description                         Terms     Currency       Total      Maturity                                                                                            Trustee
                        Issuance Date                                                         Interest Rate    Payment Status           2023         2022         2021
                                           (Year)                  Bonds         Date
                                                                 (Milions)

1    Jasa Marga I (A)   11 Maret 1983       5          Rp       23.718       11 Maret 1988      15,50%              Lunas                 -             -            -       Bank
                        March 11, 1983                                       March 11,                             Fully Paid                                                Pembangunan
                                                                             1988                                                                                            Indonesia
                                                                                                                                                                             (BAPINDO)

2    Jasa Marga         31 Oktober          5          Rp       40.000       31 Oktober         16,50%              Lunas                 -             -            -       Bank
     II/1 (B)           1983                                                 1988                                  Fully Paid                                                Pembangunan
                        October 31,                                          October 31,                                                                                     Indonesia
                        1983                                                 1988                                                                                            (BAPINDO)

3    Jasa Marga         6 Februari          5          Rp       20.000       6 Februari         16,50%              Lunas                 -             -            -       Bank
     II/2 (C)           1984                                                 1989                                  Fully Paid                                                Pembangunan
                        February 6,                                          February 6,                                                                                     Indonesia
                        1984                                                 1989                                                                                            (BAPINDO)

4    Jasa Marga         5 Maret 1984        5          Rp       20.000       5 Maret 1989       16,50%              Lunas                 -             -            -       Bank
     II/2 (D)           March 5, 1984                                        March 5,                              Fully Paid                                                Pembangunan
                                                                             1989                                                                                            Indonesia
                                                                                                                                                                             (BAPINDO)

5    Jasa Marga         31 Maret 1984       5          Rp       20.000        31 Maret          16,50%              Lunas                 -             -            -       Bank
     II/2 (E)           March 31, 1984                                        1989                                 Fully Paid                                                Pembangunan
                                                                              March 31,                                                                                      Indonesia
                                                                              1989                                                                                           (BAPINDO)

6    Jasa Marga III/1   28 Desember         5          Rp       40.000        28                16,50%              Lunas                 -             -            -       Bank
     (F/1)              1984                                                  Desember                             Fully Paid                                                Pembangunan
                        December 28,                                          1989                                                                                           Indonesia
                        1984                                                  December                                                                                       (BAPINDO)
                                                                              28, 1989

7    Jasa Marga III/2   1 Maret 1985        5          Rp       30.000        1 Maret 1990      16,50%              Lunas                 -             -            -       Bank
     (F/2)              March 1, 1985                                         March 1,                             Fully Paid                                                Pembangunan
                                                                              1990                                                                                           Indonesia
                                                                                                                                                                             (BAPINDO)

8    Jasa Marga IV/1    27 Desember         5          Rp       40.000        27                16,50%              Lunas                 -             -            -       Bank
     (G/1)              1985                                                  Desember                             Fully Paid                                                Pembangunan
                        December 27,                                          1990                                                                                           Indonesia
                        1985                                                  December                                                                                       (BAPINDO)
                                                                              27, 1990

9    Jasa Marga         24 Maret 1986       5          Rp       60.000        24 Maret          16,50%              Lunas                 -             -            -       Bank
     IV/2 (G/2)         March 24, 1986                                        1991                                 Fully Paid                                                Pembangunan
                                                                              March 24,                                                                                      Indonesia
                                                                              1991                                                                                           (BAPINDO)

10   Jasa Marga         6 Juli 1987         5          Rp       60.000        6 Juli 1992        16,37%             Lunas                 -             -            -       Bank
     V/1 (H)            July 6, 1987                                          July 6, 1992                         Fully Paid                                                Pembangunan
                                                                                                                                                                             Indonesia
                                                                                                                                                                             (BAPINDO)

11   Jasa Marga         19 November         5          Rp       40.000        19 November       16,50%              Lunas                 -             -            -       Bank
     V/2 (I)            1987                                                  1992                                 Fully Paid                                                Pembangunan
                        November 19,                                          November                                                                                       Indonesia
                        1987                                                  19, 1992                                                                                       (BAPINDO)

12   Jasa Marga         20 Juni 1988        8          Rp       75.000        20 Juni 1996       17,00%             Lunas                 -             -            -       -
     VI/1 (J)           June 20, 1988                                         June 20,                             Fully Paid
                                                                              1996


13   Jasa Marga         1 Februari 1989     8          Rp       50.000        1 Februari        18,00%              Lunas                 -             -            -       Bank
     VI/2 (K)           February 1,                                           1997                                 Fully Paid                                                Pembangunan
                        1989                                                  February 1,                                                                                    Indonesia
                                                                              1997                                                                                           (BAPINDO)


14   Obligasi Indeks    31 Juli 1989        12         Rp       40.000        31 Juli 2001       16,75%             Lunas                 -             -            -       Bank
     Pendapatan         July 31, 1989                                         July 31, 2001                        Fully Paid                                                Pembangunan
     Tahap I                                                                                                                                                                 Indonesia
                                                                                                                                                                             (BAPINDO)

15   Obligasi Indeks    21 September        12         Rp       30.000        21                 16,75%             Lunas                 -             -            -       Bank
     Pendapatan         1989                                                  September                            Fully Paid                                                Pembangunan
     Tahap II           September 21,                                         2001                                                                                           Indonesia
                        1989                                                  September                                                                                      (BAPINDO)
                                                                              21, 2001




                                                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                      273
Page 274
                                                                        Tabel Kronologi Penerbitan Obligasi Jasa Marga
                                                                          Table of Jasa Marga Bond Listing Chronology



                                                                          Jumlah                                                             Peringkat
                                             Tenor                       Obligasi      Tanggal                                                Rating
                           Tanggal                                                                      Tingkat         Status
          Uraian                            (Tahun)         Mata Uang      (Juta)    Jatuh Tempo                                                                  Wali Amanat
No                        Penerbitan                                                                 Suku Bunga       Pembayaran
        Description                          Terms           Currency       Total      Maturity                                                                     Trustee
                        Issuance Date                                                                Interest Rate   Payment Status   2023     2022      2021
                                             (Year)                        Bonds         Date
                                                                         (Milions)

 16   Jasa Marga        8 Juni 1990            8               Rp       100.000      8 Juni 1998        16,50%            Lunas        -         -         -     Bank
      VII (L)           June 8, 1990                                                 June 8, 1998                        Fully Paid                              Pembangunan
                                                                                                                                                                 Indonesia
                                                                                                                                                                 (BAPINDO)

 17   Jasa Marga        27 Maret 2000          8               Rp       150.000      27 Maret           16,50%            Lunas        -         -         -     PT Bank Mandiri
      VIII (M)          March 27,                                                    2008                                Fully Paid                              (Persero)
                        2000                                                         March 27,
                                                                                     2008


 18   Jasa Marga        12 April 2002          5               Rp       400.000      12 April 2007   18,50% dan/          Lunas        -         -         -     PT Bank Mandiri
      IX (N)            April 12, 2003                                               April 12,       and Floating        Fully Paid                              (Persero)
                                                                                     2007                (range
                                                                                                       16,50% –
                                                                                                        20,00%)

 19   Jasa Marga        4 Desember             8               Rp       650.000       4 Desember        16,15%            Lunas        -         -         -     PT Bank Rakyat
      X (O)             2002                                                          2010                               Fully Paid                              Indonesia
                        December 4,                                                   December 4,                                                                (Persero)
                        2002                                                          2010

20    Jasa Marga        10 Oktober             10              Rp       1.000.000     10 Oktober         12,30%           Lunas        -         -         -     PT Bank Rakyat
      XI (P)            2003                                                          2013           pembayaran          Fully Paid                              Indonesia
                        October 10,                                                   October 10,      ke-1 – 20                                                 (Persero)
                        2003                                                          2013           dan 13,00%
                                                                                                     pembayaran
                                                                                                      ke-21 – 40
                                                                                                        1st-20th
                                                                                                      payments:
                                                                                                         12.30%
                                                                                                       21st-40th
                                                                                                      payments:
                                                                                                        13.00%


 21   Jasa Marga I      10 Desember            3               Rp       500.000       10 Desember    Tanpa Bunga          Lunas        -         -         -     PT Bank Mega
      (JM-10)           2010                                                          2013                               Fully Paid                              Tbk
                        December 10,                                                  December
                        2010                                                          10, 2013

22    JORR I            19 November            10              Rp       274.260       19 November         SBI 3           Lunas        -         -         -     PT Bank Mega
                        2003                                                          2013              bulanan          Fully Paid                              Tbk
                        November 19,                                                  November        selama rata-
                        2003                                                          19, 2013        rata 6 bulan
                                                                                                      Quarter SBI
                                                                                                     for average 6
                                                                                                        months

 23   JORR II (A)       5 Januari 2006         10              Rp       77.377        5 Januari         15,25%            Lunas        -         -         -     PT Bank Mega
                        January 5,                                                    2016                               Fully Paid                              Tbk
                        2006                                                          January 5,
                                                                                      2016

      JORR II (B)       5 Januari 2006         12              Rp       77.377        5 Januari         15,25%            Lunas        -         -         -     PT Bank Mega
                        January 5,                                                    2018                               Fully Paid                              Tbk
                        2006                                                          January 5,
                                                                                      2018

      JORR II (C)       5 Januari 2006         15              Rp       104.400       5 Januari         15,50%            Lunas        -         -         -     PT Bank Mega
                        January 5,                                                    2021                               Fully Paid                              Tbk
                        2006                                                          January 5,
                                                                                      2021

 24   Jasa Marga        6 Juli 2006            10              Rp       1.000.000     6 Juli 2016       13,50%            Lunas        -         -         -     PT Bank Mega
      XII (Q)           July 6, 2006                                                  July 6, 2016                       Fully Paid                              Tbk

25    Jasa Marga        21 Juni 2007           10              Rp       1.500.000     21 Juni 2017      10,25%            Lunas        -         -         -     PT Bank Mega
      XIII (R)          June 21, 2007                                                 June 21,                           Fully Paid                              Tbk
                                                                                      2017

26    Jasa Marga XIV    10 Desember            10              Rp       1.000.000     10 Desember       9,35%             Lunas        -         -       idAA-   PT Bank Mega
      (JM-10)           2010                                                          2020                               Fully Paid                              Tbk
                        December 10,                                                  December
                        2010                                                          10, 2020




274    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 275
                                                                                                               Profil Perusahaan
                                                                                                               Company Profile




                                                              Tabel Kronologi Penerbitan Obligasi Jasa Marga
                                                                Table of Jasa Marga Bond Listing Chronology



                                                                Jumlah                                                                           Peringkat
                                        Tenor                  Obligasi      Tanggal                                                              Rating
                          Tanggal                                                             Tingkat         Status
         Uraian                        (Tahun)    Mata Uang      (Juta)    Jatuh Tempo                                                                                       Wali Amanat
No                       Penerbitan                                                        Suku Bunga       Pembayaran
       Description                      Terms      Currency       Total      Maturity                                                                                          Trustee
                       Issuance Date                                                       Interest Rate   Payment Status             2023         2022          2021
                                        (Year)                   Bonds         Date
                                                               (Milions)

27   Obligasi          27 September    370 hari      Rp       700.000      2 Oktober          8,40%              Lunas                  -             -            -       PT Bank Mega
     Berkelanjutan     2013                                                2014                                 Fully Paid                                                 Tbk
     I Jasa Marga      September 27,                                       October 2,
     Tahap I Tahun     2013                                                2014
     2013 Seri
     S-Seri A
     Senior Debt
     Shelf Offering
     I Jasa Marga
     Phase I Year
     2013 Series S -
     Series A

     Obligasi          27 September       3          Rp       400.000      27                 8,70%              Lunas                  -             -            -       PT Bank Mega
     Berkelanjutan     2013                                                September                            Fully Paid                                                 Tbk
     I Jasa Marga      September 27,                                       2016
     Tahap I Tahun     2013                                                September
     2013 Seri                                                             27, 2016
     S-Seri B
     Senior Debt
     Shelf Offering
     I Jasa Marga
     Phase I Year
     2013 Series S -
     Series B

     Obligasi          27 September       5          Rp       1.000.000    27                 8,90%              Lunas                  -             -            -       PT Bank Mega
     Berkelanjutan     2013                                                September                            Fully Paid                                                 Tbk
     I Jasa Marga      September 27,                                       2018
     Tahap I Tahun     2013                                                September
     2013 Seri                                                             27, 2018
     S-Seri C
     Senior Debt
     Shelf Offering
     I Jasa Marga
     Phase I Year
     2013 Series S -
     Series C

28   Obligasi          22 September       5          Rp       1.000.000    22                 9,85%              Lunas                  -             -            -       PT Bank Mega
     Berkelanjutan     2014                                                September                            Fully Paid                                                 Tbk.
     I Jasa Marga      September 22,                                       2019
     Tahap II Tahun    2014                                                September
     2014 Seri T                                                           22, 2019
     Senior Debt
     Shelf Offering
     I Jasa Marga
     Phase II Year
     2013 Series S -
     Series T




                                                                                                                                   Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                      275
Page 276
                                                                        Tabel Kronologi Penerbitan Obligasi Jasa Marga
                                                                          Table of Jasa Marga Bond Listing Chronology



                                                                          Jumlah                                                                Peringkat
                                             Tenor                       Obligasi      Tanggal                                                   Rating
                           Tanggal                                                                      Tingkat         Status
          Uraian                            (Tahun)         Mata Uang      (Juta)    Jatuh Tempo                                                                          Wali Amanat
No                        Penerbitan                                                                 Suku Bunga       Pembayaran
        Description                          Terms           Currency       Total      Maturity                                                                             Trustee
                        Issuance Date                                                                Interest Rate   Payment Status    2023       2022         2021
                                             (Year)                        Bonds         Date
                                                                         (Milions)

29    Obligasi I        8 November             3               Rp       200.000      8 November         7,45%              Lunas         -          -            -       PT Bank Mega
      Marga Lingkar     2017                                                         2020                                 Fully Paid                                     Tbk.
      Jakarta 2017      November 8,                                                  November 8,
      Seri A            2017                                                         2020
      Bond I Marga
      Lingkar Jakarta
      2017 Series A

      Obligasi I        8 November             5               Rp       217.000      8 November         7,75%              Lunas         -      idAAA (sf)    idAAA      PT Bank Mega
      Marga Lingkar     2017                                                         2022                                 Fully Paid                            (sf)     Tbk.
      Jakarta 2017      November 8,                                                  November 8,
      Seri B            2017                                                         2022
      Bond I Marga
      Lingkar Jakarta
      2017 Series B

      Obligasi I        8 November             7               Rp       299.000      8 November         8,30%            Belum Lunas   idAAA    idAAA (sf)    idAAA      PT Bank Mega
      Marga Lingkar     2017                                                         2024                                Outstanding     (sf)                   (sf)     Tbk.
      Jakarta 2017      November 8,                                                  November 8,
      Seri C            2017                                                         2024
      Bond I Marga
      Lingkar Jakarta
      2017 Series C

      Obligasi I        8 November             10              Rp       320.000      8 November         8,70%            Belum Lunas   idAAA    idAAA (sf)    idAAA      PT Bank Mega
      Marga Lingkar     2017                                                         2027                                Outstanding     (sf)                   (sf)     Tbk.
      Jakarta 2017      November 8,                                                  November 8,
      Seri D            2017                                                         2027
      Bond I Marga
      Lingkar Jakarta
      2017 Series D

      Obligasi I        8 November             12              Rp       464.000      8 November         8,85%            Belum Lunas   idAAA    idAAA (sf)    idAAA      PT Bank Mega
      Marga Lingkar     2017                                                         2029                                Outstanding     (sf)                   (sf)     Tbk.
      Jakarta 2017      November 8,                                                  November 8,
      Seri E            2017                                                         2029
      Bond I Marga
      Lingkar Jakarta
      2017 Series E

30    Komodo Bond       13 Desember            3               Rp       4.000.000    13 Desember        7,50%              Lunas         -          -          Baa3      Bank of New
                        2017                                                         2020                                 Fully Paid                         (Moody’s)   York Mellon
                        December 13,                                                 December                                                                   BB+
                        2017                                                         13, 2020                                                                  (S&P)




276    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 277
                                                                                                                 Profil Perusahaan
                                                                                                                 Company Profile




                                                           Tabel Kronologi Penerbitan Obligasi Jasa Marga
                                                             Table of Jasa Marga Bond Listing Chronology



                                                             Jumlah                                                                           Peringkat
                                      Tenor                 Obligasi      Tanggal                                                              Rating
                        Tanggal                                                            Tingkat         Status
         Uraian                      (Tahun)   Mata Uang      (Juta)    Jatuh Tempo                                                                                       Wali Amanat
No                     Penerbitan                                                       Suku Bunga       Pembayaran
       Description                    Terms     Currency       Total      Maturity                                                                                          Trustee
                     Issuance Date                                                      Interest Rate   Payment Status             2023         2022         2021
                                      (Year)                  Bonds         Date
                                                            (Milions)

31   Obligasi        8 September       3          Rp       1.100.350    8 September        7,90%              Lunas                  -           idAA        idAA-      PT Bank Mega
     Berkelanjutan   2020                                               2023                                 Fully Paid                                                 Tbk
     II Jasa Marga   September 8,                                       September
     Tahap I         2020                                               8, 2023
     Tahun 2020
     Seri A Shelf
     Registration
     Bond II Jasa
     Marga Phase
     I Year 2020
     Series A

     Obligasi        8 September       5          Rp       286.000      8 September        8,25%            Belum Lunas            idAA          idAA        idAA-      PT Bank Mega
     Berkelanjutan   2020                                               2025                                Outstanding                                                 Tbk
     II Jasa Marga   September 8,                                       September
     Tahap I         2020                                               8, 2025
     Tahun 2020
     Seri B Shelf
     Registration
     Bond II Jasa
     Marga Phase
     I Year 2020
     Series B

     Obligasi        8 September       7          Rp       90.050       8 September        8,60%            Belum Lunas            idAA          idAA        idAA-      PT Bank Mega
     Berkelanjutan   2020                                               2027                                Outstanding                                                 Tbk
     II Jasa Marga   September 8,                                       September
     Tahap I         2020                                               8, 2027
     Tahun 2020
     Seri C Shelf
     Registration
     Bond II Jasa
     Marga Phase
     I Year 2020
     Series C

     Obligasi        8 September       10         Rp       523.600      8 September        9,00%            Belum Lunas            idAA          idAA        idAA-      PT Bank Mega
     Berkelanjutan   2020                                               2030                                Outstanding                                                 Tbk
     II Jasa Marga   September 8,                                       September
     Tahap I         2020                                               8, 2030
     Tahun 2020
     Seri D Shelf
     Registration
     Bond II Jasa
     Marga Phase
     I Year 2020
     Series D



                        Seluruh obligasi Jasa Marga dicatatkan pada Bursa Efek                     All Jasa Marga bonds are listed at Indonesia Stock
                        Indonesia, kecuali Obligasi Komodo yang dicatatkan pada                    Exchange, except for the Komodo Bonds which are listed
                        London Stock Exchange dan Singapore Stock Exchange.                        on the London Stock Exchange and Singapore Stock
                        Untuk obligasi yang diterbitkan dan dicatatkan di Bursa                    Exchange. For bonds issued and listed at Indonesia
                        Efek Indonesia, Jasa Marga menggunakan Pefindo                             Stock Exchange, Jasa Marga refers to Pefindo as the
                        sebagai lembaga pemeringkat obligasi. Sementara                            bond rating agency. Meanwhile for the Komodo Bonds,
                        untuk Obligasi Komodo, Jasa Marga menunjuk Moody’s                         Jasa Marga appointed Moody’s and S&P Global as bond
                        dan S&P Global sebagai lembaga pemeringkat obligasi.                       rating agencies.




                                                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                        277
Page 278
  Obligasi Jasa Marga yang Belum Jatuh Tempo
  Jasa Marga Outstanding Bonds


  Obligasi PT Marga Lingkar Jakarta (MLJ)                                       Marga Lingkar Jakarta (MLJ) Bonds

  Pada tanggal 31 Oktober 2017, PT Marga Lingkar Jakarta                        On October 31, 2017, PT Marga Lingkar Jakarta (MLJ)
  (MLJ) sebagai Ventura Bersama memperoleh pernyataan                           as a Joint Venture obtained effective approval from the
  efektif dari Otoritas Jasa Keuangan (OJK) atas penerbitan                     Financial Services Authority (OJK) for the issuance of
  Obligasi I Marga Lingkar Jakarta Tahun 2017 (“Obligasi”)                      Marga Lingkar Jakarta 2017 Bonds ("Bonds") in 5 (five)
  5 (lima) seri. Total dana yang diterima PT MLJ pada                           series. The total funds received by PT MLJ on November
  tanggal 8 November 2017 dari hasil penerbitan                                 8, 2017, from the issuance of Bonds amounted to
  Obligasi sebesar Rp1.500.000.000.000,00. Obligasi ini                         Rp1,500,000,000,000.00. These Bonds were issued
  diterbitkan dalam lima seri dengan tenor masing-masing                        in five series with respective tenures of 3, 5, 7, 10, and
  yaitu 3,5,7,10 dan 12 tahun. Pada tanggal 8 November                          12 years. On November 8, 2020, PT MLJ redeemed
  2020, PT MLJ telah melunasi Obligasi Seri A dengan tenor                      Series A Bonds with a 3-year tenure amounting to
  3 tahun dengan nilai sebesar Rp200.000.000.000,00                             Rp200,000,000,000.00, and on November 8, 2022, PT
  dan pada tanggal 8 November 2022, PT MLJ juga telah                           MLJ also redeemed Series B Bonds with a 5-year tenure
  melunasi Obligasi Seri B dengan tenor 5 tahun dengan                          amounting to Rp217,00,000,000.00.
  nilai sebesar Rp217.000.000.000,00.

                                                           Tabel Pemegang Obligasi MLJ Seri C
                                                              Table of MLJ Series C Bondholders



      No                                             Nama                                          Jumlah Efek (Rp)
                                                                                                                                  %
                                                      Name                                           Total Bonds (Rp)

      1      PT. Taspen                                                                                     100.000.000.000     33,44
      2      PT TASPEN (ASURANSI) - HTM                                                                     100.000.000.000     33,44
      3      RD MANDIRI INVESTA DANA UTAMA - 854564000                                                       38.000.000.000      12,71
      4      AJ GENERALI INDONESIA,PT-912494042                                                              10.000.000.000      3,34
      5      AJ GENERALI INDONESIA,PT-912494039                                                              10.000.000.000      3,34
      6      Reksa Dana BNI-AM Dana Pendapatan Tetap Makara Investasi                                          7.000.000.000     2,34
      7      DANA PENSIUN BPD DIY                                                                              7.000.000.000     2,34
      8      DP Pemb.Jaya                                                                                     5.000.000.000      1,67
      9      AJ GENERALI INDONESIA,PT-GENERALI PENDAPATAN                                                                        1,67
                                                                                                              5.000.000.000
             TETAP-912494043
      10     REKSA DANA SUCORINVEST MONEY MARKET FUND                                                         5.000.000.000      1,67
      11     REKSA DANA BNI-AM UGM PROGRESSIVE BALANCED                                                       3.000.000.000      1,00
      12     REKSA DANA MANDIRI PENDAPATAN TETAP OBLIGASI NEGARA                                              3.000.000.000      1,00
      13     PT DEXA MEDICA                                                                                   3.000.000.000      1,00
      14     DANA PENSIUN PEGAWAI PERUM PERURI - SELF                                                          1.000.000.000     0,33
      15     YKK PEMBANGUNAN PERUMAHAN                                                                         1.000.000.000     0,33
      16     PT INERTIA UTAMA                                                                                  1.000.000.000     0,33




278   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 279
                                                                         Profil Perusahaan
                                                                         Company Profile




                                       Tabel Pemegang Obligasi MLJ Seri D
                                             Table of MLJ Series D Bondholders



No                                    Nama                                                     Jumlah Efek (Rp)                        %
                                      Name                                                       Total Bonds (Rp)

1    PT. Taspen                                                                                        150.000.000.000              46,88
2    PT ASURANSI JIWA CENTRAL ASIA RAYA                                                                 50.000.000.000               15,63
3    PT. TUGU PRATAMA INDONESIA                                                                         20.000.000.000               6,25
4    DP. Telkom                                                                                         15.000.000.000               4,69
5    KOP. KESEHATAN PEG. & PENSIUNAN BANK MANDIRI (MANDIRI                                                                            3,13
                                                                                                        10.000.000.000
     HEALTCARE)
6    Reksa Dana BNI-AM Dana Pendapatan Tetap Manggala                                                   10.000.000.000                3,13
7    DANA PENSIUN JASA MARGA                                                                            10.000.000.000                3,13
8    REKSADANA GURU                                                                                        7.100.000.000             2,22
9    REKSA DANA INSIGHT GROWTH BALANCED FUND (i-Growth)                                                   7.000.000.000               1,72
10   REKSA DANA INSIGHT SCHOLARSHIP FUND                                                                 5.500.000.000                1,72
11   Dana Pensiun Garuda Indonesia                                                                       5.000.000.000                1,56
12   Dana Pensiun BPD NTT - Manfaat Lain                                                                 5.000.000.000                1,56
13   DP. BTN                                                                                             5.000.000.000                1,56
14   DANA PENSIUN WIJAYA KARYA PPMP                                                                      5.000.000.000                1,56
15   DANA PENSIUN KOMPAS GRAMEDIA                                                                        5.000.000.000                1,56
16   TONY HALIM                                                                                          3.000.000.000               0,94
17   REKSA DANA INSIGHT COMMUNITY DEVELOPMENT 2                                                          2.600.000.000                0,81
18   Dana Pensiun GPIB                                                                                   2.000.000.000               0,63
19   REKSA DANA INSIGHT INFRA DEVELOPMENT (I-INFRA)                                                       1.500.000.000              0,47
20   REKSA DANA INSIGHT TUNAS BANGSA (I-NEXT G)                                                           1.450.000.000              0,45
21   REKSA DANA INSIGHT BENEFIT BALANCED FUND                                                             1.000.000.000               0,31
22   REKSA DANA INSIGHT FELLOWSHIP                                                                          250.000.000              0,08
23   RERKSA DANA INSIGHT PLAN (I-PLAN)                                                                      100.000.000              0,03



                                       Tabel Pemegang Obligasi MLJ Seri E
                                             Table of MLJ Series E Bondholders



                                        Nama                                                        Jumlah Efek (Rp)
No                                                                                                                                     %
                                         Name                                                         Total Bonds (Rp)

1    PT INDONESIA INFRASTRUCTURE FINANCE                                                             250.000.000.000                53,88
2    PT. Taspen                                                                                        70.000.000.000               15,09
3    DPK INDOCEMENT T.P                                                                                30.000.000.000                6,47
4    DANA PENSIUN KOMPAS GRAMEDIA                                                                       17.000.000.000               3,66
5    DP Pemb.Jaya                                                                                       15.000.000.000               3,23
6    RD PRINCIPAL BOND                                                                                  15.000.000.000               3,23
7    Dana Pensiun PLN                                                                                   12.000.000.000               2,59
8    PT ASURANSI JIWA GENERALI INDONESIA -912494053                                                     10.000.000.000               2,16
9    Dana Pensiun Bank Mandiri Tiga                                                                      7.000.000.000                1,51
10   YANTI YULIANTI GOUW                                                                                 7.000.000.000                1,51
11   REKSA DANA PENDAPATAN TETAP NET DANA STABIL                                                         5.000.000.000               1,08
12   DANA PENSIUN KARYAWAN TASPEN                                                                        4.000.000.000               0,86
13   Reksa Dana BNI-AM Dana Pendapatan Tetap Manggala                                                    3.500.000.000               0,75
14   PERS. DANA PENSIUN PPPK PETRA                                                                       3.000.000.000               0,65
15   Dana Pensiun YAKKUM                                                                                 3.000.000.000               0,65
16   Dana Pensiun Garuda Indonesia                                                                       3.000.000.000               0,65


                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                279
Page 280
                                                               Tabel Pemegang Obligasi MLJ Seri E
                                                                  Table of MLJ Series E Bondholders



                                                                Nama                                              Jumlah Efek (Rp)
      No                                                                                                                                %
                                                                Name                                                Total Bonds (Rp)

      17        DANA PENSIUN BTN                                                                                      3.000.000.000    0,65
      18        DP Danareksa                                                                                          3.000.000.000    0,65
      19        DANA PENSIUN ASTRA DUA                                                                                2.000.000.000    0,43
      20        REKSA DANA NET DANA GEMILANG                                                                          1.000.000.000    0,22
      21        REKSA DANA PENDAPATAN TETAP BNI-AM TEAKWOOD                                                             500.000.000    0,11



  Obligasi Berkelanjutan II Jasa Marga                                              Shelf Registration Bond II Jasa Marga
  Tahap I Tahun 2020                                                                Phase I Year 2020

  Pada tanggal 31 Agustus 2020, Jasa Marga memperoleh                               On August 31, 2020, Jasa Marga obtained an effective
  pernyataan efektif dari Otoritas Jasa Keuangan (OJK)                              statement from the Financial Services Authority (OJK)
  atas penerbitan Obligasi Berkelanjutan II Jasa Marga                              for the issuance of Shelf Registration Bond Jasa Marga
  Tahap I Tahun 2020. Total dana yang diterima Jasa Marga                           II Phase I Year 2020. The total proceeds earned by
  pada tanggal 8 September 2020 dari hasil penerbitan                               Jasa Marga on September 8, 2020 from the Bonds
  Obligasi adalah sebesar Rp2.000.000.000.000,00.                                   issuance amounted to Rp2,000,000,000,000. This
  Obligasi ini diterbitkan dalam empat seri dengan tenor                            bond issued in four series with 3,5,7 and 10 years tenor
  masing-masing yaitu 3,5,7, dan 10 tahun. Pada tanggal                             respectively. On September 8, 2023, the Company fully
  8 September 2023, Perseroan telah melunasi Obligasi                               paid Series A Bonds with 3 years tenor with a value of
  Seri A dengan tenor 3 tahun dengan nilai sebesar                                  Rp1,100,350,000,000,-
  Rp1.100.350.000.000,00.

                            Tabel 20 Besar Pemegang Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri B
                                     Table Top 20 Holders of Shelf Registration Bond Jasa Marga II Phase I Year 2020 Series B



                                                               Nama                                              Jumlah Efek (Rp)
      No                                                                                                                                %
                                                               Name                                                Total Bonds (Rp)

      1        DPLK BANK RAKYAT INDONESIA - PENDAPATAN TETAP                                                         50.000.000.000    17,48
      2        Treasury Bank Jatim                                                                                   33.000.000.000    11,54
      3        PT ASABRI 2                                                                                           30.000.000.000    10,49
      4        PT ASABRI 3                                                                                           25.000.000.000    8,74
      5        PT REASURANSI INDONESIA UTAMA (PERSERO)                                                               24.000.000.000    8,39
      6        PT. TUGU PRATAMA INDONESIA                                                                            20.000.000.000    6,99
      7        DANA PENSIUN PERTAMINA                                                                                15.000.000.000    5,24
      8        Dana Pensiun Bank Mandiri                                                                             15.000.000.000    5,24
      9        PT BANK INA PERDANA TBK                                                                               15.000.000.000    5,24
      10       DP. BPD Jatim                                                                                         10.000.000.000    3,50
      11       DP Pos Indonesia                                                                                      10.000.000.000    3,50
      12       PT ASURANSI JIWA CENTRAL ASIA RAYA                                                                    10.000.000.000    3,50
      13       DANA PENSIUN LEMBAGA KEUANGAN CENTRAL ASIA RAYA                                                       10.000.000.000    3,50
      14       YAYASAN KESEJAHTERAAN PEGAWAI OTORITAS JASA KEUANGAN (YKP OJK)                                         5.000.000.000    1,75
      15       DANA PENSIUN PUPUK KALTIM GROUP                                                                        3.000.000.000    1,05
      16       Reksa Dana BNI-AM Dana Pendapatan Tetap Manggala                                                       3.000.000.000    1,05
      17       Reksa Dana BNI-AM Dana Pendapatan Tetap Makara Investasi                                                1.000.000.000   0,35
      18       DANA PENSIUN SEKOLAH KRISTEN                                                                            1.000.000.000   0,35
      19       DAPEN PPIP PUPUK SRIWIJAYA                                                                              1.000.000.000   0,35
      20       KUSWANDI SUDARGA                                                                                        1.000.000.000   0,35




280       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 281
                                                                            Profil Perusahaan
                                                                            Company Profile




            Tabel 20 Besar Pemegang Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri C
                    Table Top 20 Holders of Shelf Registration Bond Jasa Marga II Phase I Year 2020 Series C



No                                         Nama                                                       Jumlah Efek (Rp)                    %
                                            Name                                                         Total Bonds (Rp)

1    Dana Pensiun Bank Mandiri                                                                             12.000.000.000               13,33
2    KOP. KESEHATAN PEG. & PENSIUNAN BANK MANDIRI (MANDIRI HEALTCARE)                                      10.000.000.000               11,10
3    PT. ASURANSI JIWA CENTRAL ASIA RAYA - CARLINK PRO MIXED                                               10.000.000.000               11,10
4    DP Pos Indonesia                                                                                      10.000.000.000               11,10
5    DANA PENSIUN KOMPAS GRAMEDIA                                                                          10.000.000.000               11,10
6    DANA PENSIUN JASA MARGA                                                                                8.000.000.000               8,88
7    REKSA DANA NET DANA BERIMBANG                                                                          5.000.000.000               5,55
8    YAYASAN KESEJAHTERAAN PEGAWAI OTORITAS JASA KEUANGAN (YKP OJK)                                         5.000.000.000               5,55
9    PT. TUGU PRATAMA INDONESIA                                                                             5.000.000.000               5,55
10   PT Asuransi Jiwa Central Asia Raya - Carlink ProMixed                                                  3.000.000.000               3,33
11   DANA PENSIUN BANK MALUKU                                                                               3.000.000.000               3,33
12   REKSA DANA PENDAPATAN TETAP NET DANA STABIL                                                            2.000.000.000               2,22
13   Dana Pensiun YAKKUM                                                                                     1.000.000.000               1,11
14   DANA PENSIUN PEGAWAI PERUM PERURI                                                                       1.000.000.000               1,11
15   CHANDRA WIBOWO SOETIRTO                                                                                 1.000.000.000               1,11
16   ARDY WARDHIKA                                                                                           1.000.000.000               1,11
17   LENA SETIAWATI                                                                                          1.000.000.000               1,11
18   DP Danareksa                                                                                            1.000.000.000               1,11
19   JIMMY GUNARDI                                                                                            800.000.000               0,89
20   ADI SAPTONO                                                                                               250.000.000              0,28



            Tabel 20 Besar Pemegang Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020 Seri D
                    Table Top 20 Holders of Shelf Registration Bond Jasa Marga II Phase I Year 2020 Series D



No                                         Nama                                                         Jumlah Efek (Rp)                   %
                                            Name                                                          Total Bonds (Rp)

1    PT. Taspen                                                                                             165.000.000.000              31,51
2    PERSEK DAPENMA PAMSI                                                                                   100.000.000.000              19,10
3    BPJS KESEHATAN                                                                                          47.000.000.000              8,98
4    Dana Pensiun Bank Mandiri                                                                               30.000.000.000               5,73
5    PT ASURANSI JIWA CENTRAL ASIA RAYA                                                                      24.000.000.000              4,58
6    Dana Pensiun PLN                                                                                         15.000.000.000             2,86
7    DANA PENSIUN JASA MARGA                                                                                  15.000.000.000             2,86
8    Dana Pensiun Pegawai PT Bank Sumut                                                                       12.000.000.000             2,29
9    REKSA DANA PENDAPATAN TETAP UTAMA                                                                        11.000.000.000              2,10
10   DP PEGADAIAN                                                                                             10.000.000.000              1,91
11   DP OTORITAS JASA KEUANGAN                                                                                10.000.000.000              1,91
12   DANA PENSIUN KARYAWAN BPJS KETENAGAKERJAAN                                                               10.000.000.000              1,91
13   HY NON PAR - IDR FI                                                                                      10.000.000.000              1,91
14   DANA PENSIUN LEMBAGA KEUANGAN CENTRAL ASIA RAYA                                                          10.000.000.000              1,91
15   PT. ASURANSI BINAGRIYA UPAKARA                                                                            8.000.000.000              1,53
16   Dana Pensiun Jasa Raharja                                                                                 6.000.000.000              1,15
17   DP. BTN                                                                                                   5.000.000.000             0,95
18   IRWAN TANJUNG                                                                                             4.000.000.000              0,76
19   DANA PENSIUN PUPUK KALTIM GROUP                                                                           3.000.000.000             0,57
20   DANA PENSIUN BPD NTT                                                                                      2.500.000.000             0,48


                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   281
Page 282
  Kronologi Penerbitan dan/atau Pencatatan
  Sukuk
  Chronology of Sukuk Issuance and/or Registration

                                                            Tabel Kronologi Penerbitan Sukuk Jasa Marga
                                                              Table of Jasa Marga Sukuk Issuance Chronology



                                                                       Jumlah                                                 Peringkat
                            Tanggal         Tenor                                 Tanggal    Tingkat
                                                            Mata       Sukuk                               Status              Rating                   Wali
                           Penerbitan      (Tahun)                                  Jatuh      Suku
          Uraian                                            Uang        (Juta)                          Pembayaran                                    Amanat
 No                         Issuance        Terms                                  Tempo      Bunga
        Description                                        Currency      Total                            Payment                                     Trustee
                              Date          (Year)                                Maturity   Interest                 2023     2022        2021
                                                                        Sukuk                              Status
                                                                                    Date       Rate
                                                                      (Milions)
 1    Sukuk Ijarah        17 Juli 2019         3             Rp       100.000     17 Juli    8,50%        Lunas         -       idAA-     idA+ (sy)   PT Bank
      Jangka              July 17th,                                              2022                   Fully paid              (sy)                 Mega
      Menengah PT         2019                                                    July 17,                                                            Tbk
      Jasamarga                                                                   2022
      Pandaan Tol
      Tahun 2019
      Seri A
      Medium term
      Sukuk Ijarah
      PT
      Jasamarga
      Pandaan Tol
      Year 2019
      Series A
      Sukuk Ijarah        17 Juli 2019         5             Rp       685.000     17 Juli    9,00%      Belum Lunas   idAA-     idAA-     idA+ (sy)   PT Bank
      Jangka              July 17th,                                              2024                  Outstanding    (sy)      (sy)                 Mega
      Menengah PT         2019                                                    July 17,                                                            Tbk
      Jasamarga                                                                   2024
      Pandaan Tol
      Tahun 2019
      Seri B
      Medium term
      Sukuk Ijarah
      PT Jasamarga
      Pandaan Tol
      Year 2019
      Seri B




  Jasa Marga melalui salah satu Ventura Bersama dari                                Jasa Marga, through one of its Joint Ventures, PT
  PT Jasamarga Transjawa Tol (JTT) yaitu PT Jasamarga                               Jasamarga Transjawa Tol (JTT), namely PT Jasamarga
  Pandaan Tol (JPT) menerbitkan Sukuk Ijarah Menengah                               Pandaan Tol (JPT), issued the Medium-Term Sukuk Ijarah
  PT Jasamarga Pandaan Tol Tahun 2019 pada 17 Juli 2019.                            of PT Jasamarga Pandaan Tol Year 2019 on July 17,
  Total dana yang diterima dari hasil penerbitan sukuk ini                          2019. The total funds received from the issuance of this
  adalah sebesar Rp785.000.000.000,00 yang digunakan                                sukuk amounted to Rp785,000,000,000.00, which were
  untuk melakukan pembayaran dan/atau pembayaran                                    utilized for the payment and/or accelerated payment of
  dipercepat atas utang-utang perbankan PT JPT serta                                PT JPT's bank debts and to meet the working capital
  untuk memenuhi kebutuhan modal kerja PT JPT. PT JPT                               needs of PT JPT. PT JPT engaged Pefindo as the rating
  menggunakan Pefindo sebagai lembaga pemeringkat.                                  agency.




282   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 283
                                                                                            Profil Perusahaan
                                                                                            Company Profile




        Kronologi Penerbitan dan/atau Pencatatan
        Sumber Pendanaan Lainnya
        Chronology of Issuing and/or Listing of Other Funding Sources

                                           Tabel Kronologi Penerbitan Sumber Pendanaan Lainnya Jasa Marga
                                                Table of Jasa Marga’s Other Funding Sources Issuance Chronology



                                                                                                              Tingkat
                                           Tahun       Tenor                     Nilai
                                                                   Mata                       Jatuh            Imbal
                      Uraian               Terbit     (tahun)                   ( juta)                                     Peringkat           Tujuan Penerbitan
  No                                                               Uang                      Tempo            Hasil (%)
                    Description            Issuance    Terms                     Value                                          Rating           Purpose of Issuance
                                                                  Currency                   Maturity           Yield
                                              Year     (year)                   (million)
                                                                                                                 (%)

   1      Kontrak Investasi Kolektif        2017          5          Rp       2.000.000        2022             8,40        idAAA           Mendanai pembangunan
          Efek Beragun Aset (KIK- EBA)                                                                                      oleh/ by        ruas jalan tol baru
          Mandiri JSMR01 - Hak Atas                                                                                         Pefindo         Financing new toll
          Pendapatan Tol Jagorawi*                                                                                                          road construction
          Assets-Backed Securities
          Collective Investment
          Contract (KIK-EBA) Mandiri
          JSMR 01 – Concession on
          Revenues from Jagorawi
          Toll Road*
   2      Reksa Dana Penyertaan             2018          -          Rp       1.970.000           -                -        -               Mendanai ekuitas di PT
          Terbatas Mandiri Infrastruktur                                                                                                    Jasamarga Semarang
          Ekuitas Transjawa (RDPT                                                                                                           Batang, PT Jasamarga Solo
          MIET)                                                                                                                             Ngawi, dan PT Jasamarga
          Penyertaan Terbatas Mandiri                                                                                                       Ngawi Kertosono Kediri
          Limited Mutual Funds                                                                                                              Financing equity at PT
          of Mandiri Infrastructure                                                                                                         Jasamarga Semarang
          Equity Transjawa (RDPT                                                                                                            Batang, PT Jasamarga
          MIET)                                                                                                                             Solo Ngawi and PT
                                                                                                                                            Jasamarga Ngawi
                                                                                                                                            Kertosono Kediri
   3      Kontrak Investasi Kolektif        2019          -          Rp       1.303.400           -                -        -               Mendanai ekuitas di PT
          Dana Investasi Infrastruktur                                                                                                      Trans Marga Jateng dan PT
          (KIK-DINFRA) Toll Road                                                                                                            Jasamarga Pandaan Tol
          Mandiri 001*                                                                                                                      Financing equity at PT Trans
          Collective Investment                                                                                                             Marga Jateng and PT
          Contract Infrastructure                                                                                                           Jasamarga Pandaan Tol
          Investment Funds
          (KIKDINFRA)
          Toll Road Mandiri
          001*
   4      Surat Berharga Komersial I        2020          1          Rp       566.000           2021            6,80        idA1+           Memperbaiki arus kas
          Jasa Marga Tahun 2020                                                                                             oleh/ by        Perseroan dalam jangka
          Commercial Securities I                                                                                           Pefindo         pendek dan dapat
          Jasa Marga Year 2020                                                                                                              digunakan sebagai modal
                                                                                                                                            kerja serta belanja modal
                                                                                                                                            Perseroan
                                                                                                                                            Improve the Company’s
                                                                                                                                            shortterm cash flows and
                                                                                                                                            allocated as the Company’s
                                                                                                                                            working capital and capital
                                                                                                                                            expenditure

Keterangan/Notes:
*) Dicatatkan di Bursa Efek Indonesia
*) Listed at Indonesia Stock Exchange




                                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                   283
Page 284
  Lembaga dan/atau Profesi Penunjang
  Supporting Institutions and/or Professions

  Biro                 Nama Perusahaan
                                                       PT Datindo Entrycom
  Administrasi         Company's Name
  Efek
  Securities           Alamat
                                                       Jl. Hayam Wuruk No. 28 Lantai 2, Jakarta 10120
  Registrar            Address
                                                       Tel		                  : 6221 350 8077 (Hunting)
                       Telp/Fax/Email
                                                       Fax		                  : 6221 350 8078
                       Telp/Fax/Email
                                                       Website		              : www.datindo.com
                                                       Memelihara Daftar Pemegang Saham (DPS) dan melaksanakan pencatatan perubahan-
                       Ruang Lingkup
                                                       perubahan pada DPS yang tercatat di Bursa Efek Indonesia
                       Pekerjaan
                                                       Maintain Shareholders List (DPS) and record any change in DPS registered at Indonesia Stock
                       Scope of Work
                                                       Exchange
                       Periode Penugasan               2009 – Sekarang
                       Assignment Period               2009 - Now
                       Biaya
                                                       Rp44.400.000,00
                       Fee
  Wali Amanat          Nama Perusahaan
                                                       PT Bank Mega Tbk
  Trustee              Company's Name
                                                       Menara Bank Mega
                       Alamat
                                                       Jl. Kapten Tendean Kav. 12-14A
                       Address
                                                       Jakarta 12790
                                                       Tel		                  : 6221 5140 1340
                       Telp/Fax/Email
                                                       Fax		                  : 6221 5140 1350
                       Telp/Fax/Email
                                                       Website		              : www.bankmega.com
                       Ruang Lingkup
                                                       Mewakili kepentingan investor pemegang efek bersifat utang
                       Pekerjaan
                                                       Representing the interests of investors holding debt securities
                       Scope of Work
                       Periode Penugasan               2010 – Sekarang
                       Assignment Period               2013 – Now
                       Biaya
                                                       Rp108.900.000,00
                       Fee
  Kantor Akuntan       Nama Perusahaan
                                                       KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan (RSM Indonesia)
  Publik               Company's Name
  Public
  Accountant           Alamat
                                                       Plaza ASIA Lantai 10, Jl. Jenderal Sudirman Kav. 59 Jakarta 12190
  Firm                 Address
                       Telp/Fax/Email                  Tel        : 6221 5140 1340
                       Telp/Fax/Email                  Fax        : 6221 5140 1350
                                                       1. Audit atas Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk. untuk Tahun Buku
                                                          yang berakhir tanggal 31 Desember 2023;
                                                       2. Adapun lingkup Pekerjaan sebagaimana dimaksud ayat 1 Pasalini adalah sebagai beriku:
                                                          a. Audit atas Laporan Keuangan Konsolidasian PT Jasa Marga (Persero) Tbk untuk tahun buku yang
                                                             berakhir 31 Desember 2023;
                                                          b. Audit atas Laporan keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) PT Jasa
                                                             Marga (Persero) Tbk tahun buku yang berakhir 31 Desember 2023;
                                                          c. Audit atas Kepatuhan PT Jasa Marga (Persero) Tbk terhadap Peraturan Perundang-undangan
                                                             dan Pendendalian Intern sebagai wujud penerapan Pernyataan Standar Audit (PSA) No. 62
                                                             yang dilaksanakan sebagai bagian dari audit atas Laporan Keuangan Tahun Buku yang berakhir
                                                             31 Desember 2023 berdasarkan Standar Audit yang ditetapkan oleh Institut Akuntan Publik
                                                             Indonesia dan Standar Pemeriksaan Keuangan Negara yang diterbitkan oleh Badan Pemeriksa
                       Ruang Lingkup                         Keuangan;
                       Pekerjaan                          d. Audit Agreed Upon Procedure (AUP) dan Jasa Atestasi Laporan Keuangan Tahun Buku 2023 PT
                       Scope of Work                         Jasa Marga (Persero) Tbk. yang terdii dari:
                                                              i. AUP Key Performance Indicators Kolegial dan Individual sebagaimana disebutkan dalam
                                                                  Lampiran 2 dan 3 Kontrak Perseroan dengan KAP
                                                              ii. AUP Anaplan/reporting package Kementerian Badan Usaha Milik Negara (KBUMN)
                                                                  sebagaimana disebutkan dalam Lampiran 1 Kontrak Perseroan dengan KAP
                                                          e. Jasa Profesional lainnya yang terdiri dari:
                                                              i. Membantu menyiapkan dokumen-dokumen pendukung yang berhubungan dengan Audit
                                                                  atas Laporan Keuangan Perseroan seperti management representation, apabila diperlukan
                                                                  sesuai ketentuan yang berlaku;
                                                              ii. Melakukan rapat-rapat koordinasi dengan pihak-pihak yang terkait dengan Pelaksanaan
                                                                  Audit Umum seperti rapat dengan Tim Rekan Imbang, rapat dengan Komite Audit, rapat
                                                                  dengan Accounting & Tax Group dan Unit Corporate Communication & Community
                                                                  Development Group, menghadiri Rapat Umum Pemegang Saham Tahunan




284   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 285
                                                                                  Profil Perusahaan
                                                                                  Company Profile




Kantor Akuntan                       1.   Audit on PT Jasa Marga (Persero) Tbk Consolidated Financial Statements for year ended on December
Publik                                    31, 2023;
Public                               2.   The scope of work as referred to in paragraph 1 of this Article is as follows:
Accountant                                a. Audit of the Consolidated Financial Statements of PT Jasa Marga (Persero) Tbk for the fiscal year
Firm                                          ending December 31, 2023;
                                          b. Audit of the financial statements of the Micro and Small Business Funding Program (PUMK) of PT Jasa
                                              Marga (Persero) Tbk for the fiscal year ending December 31, 2023;
                                          c. Audit of PT Jasa Marga (Persero) Tbk's Compliance with Laws and Regulations and Internal Control
                                              as a form of implementation of Statement of Auditing Standards (PSA) No.62 which was carried out as
                                              part of the audit of the Financial Statements for the fiscal year ended December 31, 2023 based on
                                              Auditing Standards established by the Indonesian Institute of Certified Public Accountants and State
                                              Financial Audit Standards issued by the Supreme Audit Agency.
                 Ruang Lingkup            d. Audit Agreed Upon Procedure (AUP) and Attestation Services for the Financial Statements for the
                 Pekerjaan                    Financial Year 2023 of PT Jasa Marga (Persero) Tbk. consisting of:
                 Scope of Work                      i.    AUP Collegial and Individual Key Performance Indicators as stated in Attachments 2 and
                                                          3 of this Contract.
                                                    ii.   AUP Anaplan/reporting package of the Ministry of State Milk Enterprise (KBUMN) as
                                                          mentioned in Attachment 1 of this Contract.
                                            e.     Other Professional Services consisting of:
                                                    i.    Assist in preparing supporting documents related to the Audit of the Company's
                                                          Financial Statements such as management representation, if required in accordance with
                                                          applicable regulations;
                                                    ii.   Conducting coordination meetings with parties related to the General Audit Implementation
                                                          such as meetings with the Audit Team, meetings with the Audit Committee, meetings
                                                          with the Accounting & Tax Group and the Corporate Communication & Community
                                                          Development Group Unit to attend the Annual General Meeting of Shareholders; ii.
                                                          Attending the Annual General Meeting of Shareholders.
                 Periode Penugasan
                                     2023
                 Assignment Period
                 Biaya
                 Fee
                                     Rp2.135.942.500,00

Lembaga          Nama Perusahaan
                                     PT Pemeringkat Efek Indonesia (Pefindo)
Pemeringkat      Company's Name
Efek
Rating Agency                        Equity Tower, Lantai 30
                 Alamat              Sudirman Central Business District Lot 9
                 Address             Jl. Jenderal Sudirman Kav. 52-53
                                     Jakarta 12190, Indonesia
                                     Tel          : 6221 5096 8469
                 Telp/Fax/Email
                                     Fax          : 6221 5096 8468
                 Telp/Fax/Email
                                     Website      : www.pefindo.com
                 Ruang Lingkup
                                     Pemeringkatan Perusahaan dan Obligasi
                 Pekerjaan
                                     Rating of Companies and Bonds
                 Scope of Work
                 Periode Penugasan   2013 – Sekarang
                 Assignment Period   2013 – Now
                 Biaya
                                     Rp194.250.000,00
                 Fee
Notaris          Nama Perusahaan
                                     Ir. Nanette Cahyanie Handari Adi Warsito, S.H.
Notary           Company's Name
                 Alamat
                                     Jl. Panglima Polim V/11, Kebayoran Baru, Jakarta
                 Address
                                     Tel          : (62-21) 7244650 – 7392801 – 7209645
                 Telp/Fax/Email      Fax          : (62-21) 7265090
                 Telp/Fax/Email      Email        : cahyanie72@yahoo.co.id;
                                                    poerbaningsih@yahoo.com
                 Ruang Lingkup
                                     Notaris dalam pelaksanaan Rapat Umum Pemegang Saham Tahunan
                 Pekerjaan
                                     Notary for the Annual General Meeting of Shareholders Implementation
                 Scope of Work
                 Periode Penugasan   2017 – Sekarang
                 Assignment Period   2017 – Now
Konsultan        Nama Perusahaan
                                     UMBRA Strategic Legal Solutions
Hukum            Company's Name
Legal Advisor
                 Alamat
                                     Telkom Landmark Tower, Tower 2, Lantai 49, Jl. Gatot Subroto Kav. 52
                 Address
                 Telp/Fax/Email      Tel          : 6221 5082 0999
                 Telp/Fax/Email      Website      : www.umbra.law
                 Ruang Lingkup
                                     Konsultan hukum dalam pelaksanaan Rapat Umum Pemegang Saham (RUPS)
                 Pekerjaan
                                     Legal Advisor for the General Meeting of Shareholders (GMS) Implementation
                 Scope of Work
                 Periode Penugasan   2018 - Sekarang
                 Assignment Period   2018 - Now




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         285
Page 286
286   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 287
Profil Perusahaan
Company Profile




                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                       287
Page 288
            04
             Analisa dan
             Pembahasan
             Manajemen
             Management Discussion
             and Analysis




      290      Tinjauan Umum                               383   Program Employee Stock Allocation
               General Overview                                  (ESA)
                                                                 Program Employee Stock Allocation
      295      Tinjauan Operasi per Segmen Usaha                 (ESA)
               Operations Review per Business
               Segment                                     385   Realisasi Penggunaan Dana Hasil
                                                                 Penawaran Umum
      331      Tinjauan Keuangan                                 Realization of Use of Public Offering
               Financial Overview                                Proceeds

      369      Kemampuan Membayar Utang dan                387   Informasi Material mengenai Investasi,
               Tingkat Kolektibilitas Piutang                    Ekspansi, Divestasi, Penggabungan/
               Ability to Pay Debt and Collectibility in         Peleburan Usaha, Akuisisi,
               Receivables                                       Restrukturisasi Utang dan Modal,
                                                                 Transaksi Material, dan Transaksi Afiliasi
      372      Struktur Modal                                    Material Information Regarding
               Capital Structure                                 Investment, Expansion, Divestment,
                                                                 Business Merger/Consolidation,
      373      Ikatan Material Investasi Barang Modal            Acquisition, Debt and Capital
               Capital Investment Material Commitment            Restructuring, Material Transactions, and
                                                                 Affiliated Transactions
      373      Investasi Barang Modal
                                                           397   Informasi Transaksi dengan Pihak
               Capital Expenditure
                                                                 Berelasi atau Benturan Kepentingan
                                                                 Information on Material Transactions
      374      Pencapaian Target 2023 dan Target                 Containing Conflicts of Interest and/or
               2024                                              Transactions with Affiliated Parties
               Achievement of the 2023 Targets and
               2024 Targets                                403   Kepatuhan Pembayaran Pajak
                                                                 Tax Payment Compliance
      376      Informasi dan Fakta Material Setelah
               Tanggal Laporan Akuntan                     404   Perubahan Peraturan Perundang-
               Subsequent Material Information and               undangan terhadap Perusahaan pada
               Facts after the Accountant’s Report Date          Tahun Buku Terakhir
                                                                 Changes to the Laws and Regulations on
      377      Prospek Usaha                                     the Company in the Last Financial Year
               Business Prospect
                                                           408   Perubahan Kebijakan Akuntansi yang
      377      Aspek Pemasaran                                   Diterapkan Perseroan pada Tahun Buku
               Marketing Aspect                                  Terakhir
                                                                 Changes in Accounting Policies Applied
      381      Kebijakan dan Pembayaran Dividen                  by the Company in Current Fiscal Year
               Dividend Policy and Payment
                                                           411   Informasi Kelangsungan Usaha
                                                                 Information on Business Continuity
      383      Program Kepemilikan Saham oleh
               Karyawan dan Manajemen (ESOP/
               MSOP)                                       412   Komitmen dan Kontinjensi
               Program of Share Ownership by                     Commitments and Contingencies
               Employees and Management (ESOP/
               MSOP)




288   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 289
                                       Analisa dan Pembahasan Manajemen
                                       Management Discussion and Analysis




Fokus Jasa Marga untuk mengedepankan keberlanjutan bisnis tercermin pada kinerja
keuangan dan operasional yang terus tumbuh di tahun 2023. Perseroan senantiasa
berupaya untuk meningkatkan daya saingnya melalui pengembangan bisnis yang
dapat mendorong pertumbuhan kinerja dan menciptakan nilai keberlanjutan bagi
seluruh pemangku kepentingan.

The focus of Jasa Marga on prioritizing business sustainability is reflected in the continuously
growing financial and operational performance in 2023. The company consistently strives to
enhance its competitiveness through business development that can drive performance growth
and create sustainable value for all stakeholders.


                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                       289
Page 290
  Tinjauan Umum
  General Overview

  Pertumbuhan ekonomi global diperkirakan akan                     Global economic growth expected to decline. World
  melambat. Bank Dunia memperkirakan pertumbuhan                   Bank estimates that global economic growth in 2023 is
  ekonomi global pada 2023 masih lebih rendah dari                 lower than estimated growth in 2022, from 3.1% to 2.1%.
  perkiraan pertumbuhan 2022, yaitu dari 3,1% menjadi              This is caused by prolonged conflict between countries
  2,1%. Hal tersebut disebabkan oleh konflik antarnegara           which poses threat to economic and social life of the
  yang berkepanjangan menjadi ancaman bagi kehidupan               world community. Factors such as financial turmoil in
  ekonomi dan sosial masyarakat dunia. Faktor gejolak              United States and Europe as well as persistently high
  sektor keuangan di Amerika Serikat dan Eropa serta               inflationary pressure have caused the strengthening
  tekanan inflasi yang persisten tinggi menyebabkan                momentum for recovery that occurred at the beginning
  momentum penguatan pemulihan yang sempat                         of the year to fade, decreasing growth prospects.
  terjadi di awal tahun kini meredup, membuat prospek
  pertumbuhan lebih rendah.

  Namun demikian, pertumbuhan ekonomi Indonesia                    However, Indonesian economic growth remains strong
  tetap kuat di tengah perlambatan ekonomi global.                 amidst the global economic slowdown. According to the
  Berdasarkan data Badan Pusat Statistik (BPS), ekonomi            Central Statistics Agency (BPS), Indonesia's economy
  Indonesia tumbuh sebesar 5,04% (YoY) pada triwulan               grew by 5.04% (YoY) in the fourth quarter of 2023, mostly
  IV 2023 yang mayoritas dipengaruhi oleh peningkatan              influenced by an increase in the Gross Domestic Product
  komponen Pendapatan Domestik Bruto (PDB) dengan                  (GDP) component with household consumption growth
  pertumbuhan konsumsi rumah tangga mencapai 4,47%                 reaching 4.47% (YoY) in line with increased mobility on
  (YoY) sejalan dengan peningkatan mobilitas pada hari             holidays, stability in people's purchasing power, and
  libur, stabilitas daya beli masyarakat, dan peningkatan          increased consumer confidence.
  keyakinan konsumen.

  Faktor lain yang menopang kinerja pertumbuhan                    Another factor supporting Indonesia's economic growth
  ekonomi Indonesia di triwulan IV 2023 adalah                     performance in the fourth quarter of 2023 was the
  meningkatnya investasi dan konsumsi pemerintah                   increase in investment and government consumption by
  masing-masing sebesar 5,02% (YoY) dan 2,81% (YoY).               5.02% (YoY) and 2.81% (YoY) respectively. The investment
  Adapun faktor investasi didorong oleh keberlanjutan              factor was driven by the continuation of infrastructure
  pembangunan infrastruktur dan aktivitas penanaman                development and investment activities. Meanwhile,
  modal. Sedangkan, konsumsi pemerintah, meliputi:                 government consumption, including: goods expenditure
  belanja barang dan belanja pegawai                               and personnel expenditure

  Berbagai leading indicator baik dari sektor riil dan eksternal   Various leading indicators from both the real and
  menunjukkan prospek ekonomi ke depan berada di level             external sectors show that the future economic outlook
  yang baik, tercermin dari nilai Purchasing Managers Index        is at a good level, reflected in the value of the Indonesian
  (PMI) Manufaktur Indonesia yang dirilis oleh S&P Global          Manufacturing Purchasing Managers Index (PMI) released
  menunjukkan bahwa pada bulan November 2023 berada                by S&P Global which in November 2023 was at the level of
  di level 51,7 atau naik 0,2 dari bulan sebelumnya sebesar        51.7 or up 0.2 from the previous month of 51.5. Indonesia's
  51,5. PMI Manufaktur Indonesia pada November 2023                Manufacturing PMI in November 2023 completed 24
  menggenapkan selama 24 bulan berturut atau sepanjang             consecutive months or over the past two years above
  dua tahun terakhir ini berada di atas 50 poin yang               50 points, signalling that Indonesia's manufacturing
  menandakan bahwa sektor manufaktur Indonesia masih               sector is still maintaining expansionary conditions.
  bertahan dalam kondisi ekspansif.




290   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 291
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




Kualitas pertumbuhan ekonomi juga terjaga sebagaimana        Economic growth quality also maintained as reflected
yang tercermin pada penurunan tingkat pengangguran           in the decline in unemployment rate and low class
dan persentase penduduk miskin. Secara Lapangan Usaha        citizen percentage. In terms of Business Fields (LU), all
(LU), seluruh LU pada 2023 mencatat pertumbuhan positif,     LU in 2023 recorded positive growth, mainly supported
terutama ditopang oleh Industri Pengolahan, Perdagangan      by Processing, Wholesale and Retail Trade Industry, as
Besar dan Eceran, serta Pertambangan dan Penggalian. LU      well as Mining and Quarrying. LU Transportation and
Transportasi dan Pergudangan, Penyediaan Akomodasi dan       Warehouse, Accommodation, Food and Drink, and Other
Makan Minum, serta Jasa Lainnya mencatat pertumbuhan         Services recorded high growth, driven by increased
yang tinggi, didorong oleh peningkatan mobilitas             community mobility and visit from foreign tourist, as well
masyarakat dan kunjungan wisatawan mancanegara, serta        as organizing national and international events. Spatially,
penyelenggaraan acara nasional dan internasional. Secara     economic growth in 2023 remained stable in almost
spasial, pertumbuhan ekonomi 2023 tetap terjaga di hampir    all regions of Indonesia. The highest economic growth
seluruh wilayah Indonesia. Pertumbuhan ekonomi tertinggi     was recorded in the Sulawesi-Maluku-Papua (Sulampua)
tercatat di wilayah Sulawesi-Maluku-Papua (Sulampua),        region, followed by Kalimantan, Java, Bali-Nusa Tenggara
diikuti Kalimantan, Jawa, Bali-Nusa Tenggara (Balinusra),    (Balinusra), and Sumatra.
dan Sumatera.

Resiliensi perekonomian nasional yang terjaga sepanjang      The resilience of the national economy maintained
tahun berjalan dan keberlanjutan perbaikan di berbagai       throughout the year and the continuation of
bidang memberikan dampak positif terhadap realisasi          improvements in various fields have a positive impact on
kinerja pertumbuhan ekonomi nasional mencapai 5,05%          the realisation of national economic growth performance
di tahun 2023.                                               reaching 5.05% in 2023.



Tinjauan Kinerja Jasa Marga dan                              Overview on Performance of Jasa Marga
Industri Jalan Tol Indonesia                                 and Toll Road Industry in Indonesia

Berdasarkan proyeksi BPS, penduduk Indonesia                 Based on BPS projection, Indonesian population in 2025
pada tahun 2025 akan mencapai 270,54 juta jiwa dan           will reach 270.54 million people and predicted to grow
diprediksi akan berkembang di wilayah perkotaan yang         in urban areas which can encourage higher household
dapat mendorong konsumsi rumah tangga, investasi,            consumption, investment and government spending.
hingga pengeluaran pemerintah yang lebih tinggi.             This requires adequate governance capabilities and
Hal tersebut diperlukan kemampuan tata kelola dan            infrastructure.
infrastruktur yang memadai.

Salah satu upaya Pemerintah untuk mendukung                  One of Government's efforts is to support increasing
peningkatan konektivitas dan memperkuat daya                 connectivity     and     strengthening    infrastructure
saing infrastruktur, dan lebih khusus ditujukan untuk        competitiveness, and more specifically aimed at
mempercepat         pembangunan      transportasi    yang    accelerating    transportation   development      which
mendorong penguatan industri nasional mendukung              encourages strengthening national industry, support
sislognas dan konektivitas nasional serta membangun          national system and national connectivity as well as
sistem dan jaringan transportasi yang terintegrasi untuk     building integrated transportation system and network
mendukung investasi pada koridor ekonomi, kawasan            to support investment in economic corridor, priority
industri prioritas, kawasan strategis pariwisata nasional,   industrial areas, national tourism strategic area, and
dan pusat-pusat pertumbuhan lainnya di wilayah non-          other growth centers in non-economic corridor area.
koridor ekonomi

Pembangunan jalan tol di Indonesia dilakukan secara          Toll road construction in Indonesia is fulfilled gradually.
bertahap. Pembangunan jalan tol hingga tahun 2014            Until 2014, toll road construction was 790 km long.
sepanjang 790 km dan dilanjutkan pada periode 2015-          Continued in 2015-2019 period and successfully
2019 telah berhasil menyelesaikan sepanjang 1.298 km,        completed another 1,298 km, including connecting the
termasuk tersambungnya Tol Trans Jawa dan dimulainya         Trans Java Toll Road and the start of Trans Sumatra Toll
Tol Trans Sumatera.                                          Road.




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                291
Page 292
  Selaras dengan tujuan pembangunan nasional yang                In line with national development goals stated in the
  tertuang dalam RPJMN tahun 2020-2024, adanya                   2020-2024 RPJMN, one of the PUPR Ministry's main
  salah satu target pembangunan infrastruktur utama              infrastructure development targets in connectivity sector
  Kementerian PUPR di bidang konektivitas yaitu                  is realization of 2,500 km of toll road construction. Until
  terwujudnya 2.500 km pembangunan jalan tol. Hingga             the fourth quarter of 2023, the Company is still the
  triwulan IV 2023, Perseroan masih menjadi pemimpin di          leader in Indonesia toll road industry. This can be seen
  industri jalan tol di Indonesia. Hal ini dapat terlihat dari   from the Company's market share of 47% and financial
  pangsa pasar Perseroan sebesar 47% dan perbandingan            performance comparison of 4 (four) companies operating
  kinerja keuangan 4 (empat) Perseroan yang bergerak di          in the toll road industry and listed on the Indonesian
  industri jalan tol dan terdaftar di Bursa Efek Indonesia,      Stock Exchange, namely PT Jasa Marga (Persero) Tbk
  yaitu PT Jasa Marga (Persero) Tbk (JSMR), PT Waskita           (JSMR), PT Waskita Karya (Persero ) Tbk, PT Citra Marga
  Karya (Persero) Tbk, PT Citra Marga Nusaphala Persada          Nusaphala Persada Tbk (CMNP), and PT Nusantara
  Tbk (CMNP), dan PT Nusantara Infrastructure Tbk (META)         Infrastructure Tbk (META) which includes total assets, net
  yang meliputi total aset, laba bersih, dan Return on           profit and Return on Equity (ROE).
  Equity (ROE).

  Berdasarkan laporan keuangan periode 30 September              Based on financial statements for September 30, 2023
  2023, total aset Jasa Marga tercatat sebesar Rp125,5           period, Jasa Marga's total assets was recorded at
  triliun, sedangkan total aset WSKT, CMNP dan META              Rp125.5 trillion, while total assets of WSKT, CMNP and
  masing-masing sebesar Rp96,5 triliun, Rp3,2 triliun dan        META were respectively Rp96.5 trillion, Rp3.2 trillion
  Rp851,2 miliar. Laba bersih Jasa Marga pada periode            and Rp851.2 billion. Jasa Marga's net profit in the same
  yang sama tercatat sebesar Rp6,9 triliun, sementara            period was recorded at Rp6.9 trillion, while WSKT, CMNP
  laba bersih WSKT, CMNP dan META masing-masing                  and META's net profit were respectively -Rp2.8 trillion,
  sebesar -Rp2,8 triliun, Rp493,6 miliar dan -Rp110,5 miliar.    Rp493,6 billion and -Rp110.47 billion. The Company
  Perseroan mencatatkan ROE sebesar 18,3%, sedangkan             recorded an ROE of 18.3%, while WSKT's ROE was
  ROE WSKT tercatat -60,3%, CMNP tercatat 9,0% dan               recorded at -60.3%, CMNP was recorded at 9.0% and
  ROE META tercatat -8,6%..                                      META's ROE was recorded at -8.6%.



  Strategi Jasa Marga                                            Jasa Marga Strategy

  Jasa Marga senantiasa meningkatkan daya saingnya               Jasa Marga continues to increase its competitiveness to
  untuk terus meningkatkan kinerja operasional dan               keep improving operational and financial performance,
  keuangan sehingga dapat mencapai Visi dan Misi                 hence able to achieve the Company's Vision and
  Perseroan. Perseroan telah menetapkan 4 (empat) tema           Mission. The Company has determined 4 (four) strategic
  strategis yang telah dicanangkan dan tertuang dalam            themes which have been proclaimed and contained in
  Rencana Jangka Panjang Perusahaan (RJPP) Tahun                 the Company's Long Term Plan (RJPP) for 2021-2025:
  2021-2025, yakni:
  1. Peningkatan efisiensi bisnis dan operasional;               1.   Increased business and operational efficiency;
  2. Memilih proyek dan investasi secara selektif;               2.   Selectively choose project and investment;
  3. Memfokuskan ulang portofolio bisnis terkait;                3.   Refocusing related business portfolio;
  4. Mengoptimalkan aset eksisting (asset recycling).            4.   Optimizing existing assets (asset recycling).

  PT Jasa Marga (Persero) Tbk dalam menjalankan                  In running its business, PT Jasa Marga (Persero) Tbk
  bisnisnya mengikuti 4 (empat) kebijakan sebagai berikut:       follows the following 4 (four) policies:

  1. Pengembangan Usaha                                          1. Business Development
     a. Kebijakan utama                                             a. Main policy
        i. Kebijakan ini diterapkan pada lini bisnis konsesi           i. This policy is applied to toll road concession
           jalan tol dan lini bisnis lainnya yang relevan.                business line and other relevant business
           Menambah jalan tol baru dengan kriteria                        line. Adding new toll road with project
           kelayakan proyek (IRR project) lebih besar dari                feasibility criteria (project IRR) greater than the
           Weighted Average Cost of Capital (WACC) dan                    Weighted Average Cost of Capital (WACC) and
           IRR Equity lebih besar dari Cost of Equity.                    IRR Equity greater than Cost of Equity.




292   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 293
                                                          Analisa dan Pembahasan Manajemen
                                                          Management Discussion and Analysis




  WACC =                                                      WACC =

  Re : Cost of equity                                         Re: Cost of equity

  Rd : Cost of debt                                           Rd: Cost of debt
  E/V : Percentage of financing equity                        E/V : Percentage of financing equity
  D/V : Percentage of financing debt                          D/V : Percentage of financing debt
  t : Corporate tax rate                                      t : Corporate tax rate

   ii. Menambah        jalan    tol  baru      dengan         ii. Adding new toll road by prioritizing
        mengutamakan ruas jalan tol potensial yang                potential toll road sections that have
        memiliki koneksi dengan jalan tol yang telah              connection    with  existing toll road;
        ada;
   iii. Menambah jalan tol baru diarahkan untuk               iii. Adding new toll road is aimed at controlling
        menguasai ruas-ruas utama pada kota besar                  main sections in large cities with high economic
        dengan pertumbuhan ekonomi tinggi;                         growth;
   iv. Perseroan menjadi pemegang saham mayoritas             iv. The Company become the majority shareholder
        kecuali terdapat pertimbangan strategis jangka             unless there are long-term strategic
        panjang Perseroan.                                         considerations for the Company.
   v. Melakukan studi kelayakan ruas jalan tol                v. Conduct feasibility studies on potential toll
        potensial dan bisnis lainnya yang berpotensi               road sections and other potential businesses in
        dalam rangka mengembangkan pasar.                          order to develop the market.

b. Kebijakan Khusus                                       b. Special policy
   Kebijakan ini diterapkan pada lini bisnis prospektif   . This policy is applied to the prospective business
   yaitu PT Jasamarga Related Business (JMRB). JMRB          line, PT Jasamarga Related Business (JMRB). JMRB
   melakukan pengembangan properti/Toll Corridor             conducts property development/Toll Corridor
   Development (TCD) untuk mengembangkan                     Development (TCD) to develop areas in order to
   kawasan dalam rangka mendukung bisnis jalan tol           support the Company's toll road business with due
   Perseroan dengan memperhatikan hal-hal sebagai            regard to the following matters:
   berikut:                                               .
                                                          .
   i. Pengembangan properti dapat dilakukan                  i. Property development can be conducted
        sendiri maupun bermitra dengan pihak lain                solo or in partnership with other parties who
        yang berpengalaman dalam pengembangan                    have experienced in property development,
        properti, khususnya melalui sinergi Badan                especially through State-Owned Enterprises
        Usaha Milik Negara (BUMN) dan/atau anak                  (SOE) synergy and/or its subsidiaries;
        perusahaannya;
   ii. Proporsi pendanaan masing-masing proyek                ii. Funding proportion for each project is
        diupayakan dengan modal 40% dan pinjaman                  sought at 40% capital and 60% loan;
        60%;
   iii. Dalam jangka menengah dan panjang, PT JMRB            iii. In medium and long term, PT JMRB is expected
        diharapkan dapat melakukan pengembangan                    to be able to develop Toll Corridor Development
        Toll Corridor Development (TCD) yang                       (TCD) in synergy with toll road development.
        bersinergi dengan pengembangan jalan tol.




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          293
Page 294
  2. Operasional                                              2. Operational
     a. Memenuhi Standar Pelayanan Minimal (SPM);                a. Meet Minimum Service Standards (SPM);
     b. Meningkatkan kapasitas jalan tol sesuai dengan           b. Increase toll road capacity in accordance with Toll
        Perjanjian Pengusahaan Jalan Tol dan/atau                   Road Concession Agreement and/or have a V/C
        memiliki V/C ratio mendekati 0,8 kecuali terdapat           ratio close to 0.8 unless there are land limitation;
        keterbatasan lahan;
     c. Modernisasi sistem dan teknologi operasi untuk           c. Modernization of operating system and technology
        meningkatkan kualitas layanan dan pengendalian              to improve service quality and cashless transaction-
        transaksi berbasis cashless transaction, kualitas           based transaction control, traffic and information
        layanan lalu lintas dan informasi;                          service quality;
     d. Menggunakan green technology atau energi                 d. Using green technology or renewable energy and
        terbarukan dan green construction;                          green construction;
     e. Melaksanakan rekonstruksi secara bertahap                e. Fulfill reconstruction in stages (staging);
        (staging);
     f. Melakukan pengendalian kendaraan kelebihan               f. Control         overloaded      vehicles      with
        muatan (overload) dengan teknologi Weigh in                 Weigh      in      Motion    (WIM)     technology;
        Motion (WIM);
     g. Mengimplementasikan rekayasa teknik bidang               g. Implement technical engineering in the field of
        jalan, jembatan, bangunan pelengkap jalan                   road, bridge, road auxiliary building and supporting
        serta sarana teknologi pendukung yang dapat                 technological facilities that can optimize toll road
        mengoptimalisasi pengembangan bisnis jalan tol              business development and impact cost efficiency;
        dan berdampak pada efisiensi biaya;
     h. PT Jasamarga Tollroad Operator (JMTO)                    h. PT Jasamarga Tollroad Operator (JMTO) operates
        mengoperasikan ruas jalan tol yang dimiliki anak            toll road sections owned by its toll road concession
        perusahaan lini bisnis konsesi jalan tol dengan             business line subsidiaries with minimum margins
        margin minimum dan aktif mencari peluang usaha              and actively seeks external business opportunities
        secara eksternal dengan margin optimum;                     with optimum margins;
     i. PT Jasamarga Tollroad Maintenance (JMTM)                 i. PT Jasamarga Tollroad Maintenance (JMTM)
        melakukan preservasi ruas jalan tol yang dimiliki           carries out preservation of toll road sections
        oleh anak perusahaan lini bisnis konsesi jalan tol;         owned by its toll road concession business line
                                                                    subsidiaries;
      j. Mendukung program ETLE Kepolisian melalui               j. Support Police ETLE program through Cooperation
         Perjanjian Kerja Sama untuk integrasi dengan               Agreement for integration with speed camera and
         speed camera dan WIM.                                      WIM.

  3. Keuangan                                                 3. Finance
     a. Pengembangan       bisnis     dilakukan    dengan        a. Business development is carried out by paying
        memperhatikan      stabilitas    finansial  jangka          attention to long-term financial stability by
        panjang dengan menjaga batas covenant yang                  maintaining required covenant limit, namely
        dipersyaratkan yakni Interest Coverage Ratio (ICR)          minimum Interest Coverage Ratio (ICR) of 1.1;
        minimum 1,1; Interest Bearing Debt to Equity Ratio          Interest Bearing Debt to Equity Ratio maximum
        maksimal 5, menjaga peringkat hutang Perseroan              of 5, maintaining the Company's debt rating and
        serta menjaga rasio-rasio keuangan lainnya;                 maintaining other financial ratios;
     b. Investasi peningkatan kapasitas operasional dan          b. Investment in increasing operational capacity and
        kualitas layanan operasional dilakukan dengan               quality of operational services carried out using
        menggunakan dana internal Perseroan;                        the Company's internal fund;
     c. Investasi pengembangan bisnis, peningkatan               c. Investment in business development, increasing
        kapasitas operasional dan peningkatan kualitas              operational capacity and improving operational
        layanan operasional memperhatikan rasio                     services quality by paying attention to financial
        finansial.                                                  ratios.




294   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 295
                                                          Analisa dan Pembahasan Manajemen
                                                          Management Discussion and Analysis




4. Organisasi, SDM, dan Kapabilitas                    4. Organization, Human Resources and Capabilities
   a. Memperbaiki proses bisnis, menata organisasi,       a. Improving business processes, organizing
      dan sistem manajemen human capital berbasis            organization and human capital management
      Information and Communications Technology              system based on Information and Communications
      (ICT) mengacu kepada best practice perusahaan          Technology (ICT) that referring to best practices of
      kelas dunia;                                           world-class companies;
   b. Melakukan rekrutmen atas kebutuhan kader            b. Carry out recruitment based on the needs of
      pemimpin, mengacu pada manpower planning               leadership cadres, referring to manpower planning
      yang selalu update dilakukan dengan sumber             which is always updated using external and internal
      eksternal dan internal serta professional hire         sources and hiring professionals in accordance
      sesuai dengan kebutuhan pengembangan bisnis            with the Company's business development needs;
      Perseroan;
   c. Mengembangkan human capital development             c. Develop integrated human capital development
      plan yang terintegrasi untuk penyiapan kader           plan to prepare a cadre of future Company
      pemimpin Perseroan masa depan dengan                   leaders   with   global  personal   qualities;
      personal quality global;
   d. Memperbaiki proses bisnis, menata organisasi        d. Improve business processes, organize the
      dan melakukan rekrutmen karyawan dengan                organization and recruit employees by paying
      memperhatikan rasio jumlah karyawan yang wajar         attention to reasonable employee number ratio
      dan dampak finansial jangka panjang;                   and long-term financial impacts;
   e. Mengembangkan human capital diarahkan untuk         e. Direction of human capital development by forming
      membentuk kader pemimpin yang berkarakter              a cadre of leaders with character and talent;
      dan bertalenta;
   f. Mengembangkan inisiatif tentang peningkatan         f. Develop    initiatives   to  increase  human
      kompetensi sumber daya manusia (SDM) yang              resources     (HR)     competencies   needed
      diperlukan untuk meningkatkan kompetensi kunci         to   improve      key   competencies  needed
      yang diperlukan dalam rangka pengembangan              for the Company's future development.
      Perseroan ke depannya.




Tinjauan Operasi per Segmen Usaha
Operations Review per Business Segment
Sesuai dengan Pasal 3 Anggaran Dasar Perseroan,        In accordance with Article 3 of the Company's Articles
maksud dan tujuan usaha Perseroan adalah turut         of Association, the Company's business aims and
serta melaksanakan dan menunjang kebijaksanaan         objectives are to participate in implementing and
dan program Pemerintah di bidang ekonomi dan           supporting Government policies and programs in the
pembangunan nasional pada umumnya, khususnya           field of economic and national development in general,
pembangunan di bidang pengusahaan jalan tol dengan     especially development in the field of toll road operations
sarana penunjangnya dengan menerapkan prinsip-         with supporting facilities by applying the principles of
prinsip Perseroan Terbatas.                            Limited Liability Company.




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                          295
Page 296
  Untuk mencapai maksud dan tujuan tersebut, Perseroan         To achieve these aims and objectives, the Company
  melaksanakan kegiatan usaha sebagai berikut:                 carries out the following business activities:
  1. Melakukan perencanaan teknis, pelaksanaan                 1. Carry     out    technical   planning,      construction
     konstruksi, pengoperasian dan/atau preservasi jalan          implementation, operation and/or preservation of toll
     tol.                                                         roads.
  2. Mengusahakan lahan di ruang milik jalan tol (Rumijatol)   2. Cultivate land on the toll road (Rumijatol) and
     dan lahan yang berbatasan dengan Rumijatol untuk             land bordering Rumijatol for rest and service
     tempat istirahat dan pelayanan, berikut dengan               areas, along with other facilities and businesses.
     fasilitas-fasilitas dan usaha lainnya.
  3. Melakukan kegiatan pengembangan kawasan yang              3. Carrying out regional development activities that
     terintegrasi dengan pengembangan jaringan jalan tol.         integrated with toll road network development.
  4. Melakukan kegiatan di bidang jasa layanan preservasi      4. Carrying out activities in the field of toll road
     dan pengoperasian jalan tol.                                 preservation and operation services.
  5. Aktivitas jalan tol, mencakup pelayanan lalu lintas       5. Toll road activity include vehicle traffic service via toll
     kendaraan melalui jalan atau jembatan tol.                   road or bridge.
  6. Melakukan investasi termasuk penyertaan modal             6. Make investment including capital participation in
     pada perusahaan lainnya sejalan dengan dan untuk             other companies in line with and to achieve the
     mencapai maksud dan tujuan Perseroan.                        Company's aims and objectives.

  Jasa Marga berinvestasi secara masif dengan                  Jasa Marga investing massively by initiating new toll
  menginisiasi ruas-ruas tol baru dalam rangka                 roads in order to maintain its position as a leader in
  mempertahankan posisinya sebagai pemimpin industri           the toll road industry. This rapid development shows
  jalan tol. Pesatnya pembangunan ini menyatakan               the Company's support for Government's program
  dukungan Perseroan atas program Pemerintah untuk             to accelerate Indonesian economic growth through
  mempercepat pertumbuhan ekonomi Indonesia melalui            accelerating infrastructure development.
  percepatan pembangunan infrastruktur.



  Segmen Usaha Jalan Tol                                       Toll Road Business Segment

  Berdasarkan Anggaran Dasar Perseroan, Jasa Marga             Based on the Company's Articles of Association, Jasa
  menjalankan bisnis di bidang jalan tol. Pada segmen          Marga conduct business in the toll road sector. In this
  usaha ini, Perseroan mengelola konsesi yang diperoleh        business segment, the Company managing concession
  dari Pemerintah dari hulu ke hilir, yaitu dari mulai         obtained from the Government from upstream to
  mendapatkan konsesi, melakukan konstruksi, hingga            downstream, from obtain concession, carrying out
  mengoperasikan jalan tol. Perseroan sampai dengan            construction, to operating the toll road. As of the end of
  akhir tahun telah memiliki 36 konsesi jalan tol, baik        2023, the Company has 36 toll road concessions, both
  dalam tahap operasi, operasi sebagian maupun dalam           in operation, partial operation and construction stage. All
  tahap konstruksi. Seluruh konsesi jalan tol ini dikelola     toll road concessions are managed by the parent entity,
  oleh entitas induk, entitas anak, dan ventura bersama.       subsidiaries and joint ventures. Further details of each of
  Lebih lanjut rincian dari masing-masing konsesi jalan tol    the Company's toll road concessions are as follows:
  Perseroan adalah sebagai berikut:




296   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 297
                                                                             Analisa dan Pembahasan Manajemen
                                                                             Management Discussion and Analysis




Entitas Induk                                                           Parent Entity

                                                              Ruas Jagorawi
                                                             Jagorawi Toll Road



                         Ruas
                                                                                Jakarta-Bogor-Ciawi (Jagorawi)
                       Toll Road

Panjang Jalan
                                                                                                      59 km
Road Length
Konsesi sampai dengan Tahun
                                                                                                       2044
Concession Maturity Year
Tahun Beroperasi
                                                                                                       1978
Year of Operations
Jumlah Gardu
                                                                                                        149
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                              0,54 (A) - 0,54 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                                 Terbuka
Operating System                                                                                      Open
Lokasi Jalan Tol
                                                                                                 Jabodetabek
Toll Road Location


                                                 Ruas Jakarta-Tangerang-Cengkareng
                                                  Jakarta-Tangerang-Cengkareng Toll Road



                         Ruas
                                                            Prof. Dr. Ir. Sedyatmo, Cawang-Tomang-Pluit, Jakarta-Tangerang
                       Toll Road
Panjang Jalan                                                    Prof. Dr. Ir. Sedyatmo (14,30 km); Cawang-Tomang-Pluit (23,55 km);
Road Length                                                                           Jakarta-Tangerang (33 km)
Konsesi sampai dengan Tahun
                                                                                                       2044
Concession Maturity Year
Tahun Beroperasi
                                                                                             1984 dan/and 1987
Year of Operations
Jumlah Gardu
                                                                                                        240
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata                         0,76 (A) - 0,82 (B) (Prof. Dr. Ir. Sedyatmo & Cawang-Tomang-Pluit) dan/and
Volume Capacity (V/C) Average Ratio                                               0,88 (A) - 0,90 (B) (Jakarta-Tangerang)
Sistem Pengoperasian                                                                                 Terbuka
Operating System                                                                                      Open
Lokasi Jalan Tol
                                                                                                 Jabodetabek
Toll Road Location


                     Ruas Jakarta Outer Ring Road (JORR) Non S dan Ruas Ulujami-Bintaro Viaduct-Pondok Aren
                           Non-S Jakarta Outer Ring Road (JORR) and Ulujami-Bintaro Viaduct-Pondok Aren Toll Roads



                         Ruas                            JORR Seksi E1, E2, E3, W2S dan Ulujami-Bintaro Viaduct-Pondok Aren
                       Toll Road                               JORR Section E1, E2, E3, W2S and Ulujami-Bintaro Viaduct-Pondok Aren
Panjang Jalan                                            JORR Seksi E1, E2, E3, W2S (31,4 km) dan/and Ulujami-Bintaro Viaduct-Pondok Aren
Road Length                                                                                   (5,6 km)
Konsesi sampai dengan Tahun
                                                                                                       2044
Concession Maturity Year
Tahun Beroperasi
                                                                                             1991 dan/and 2001
Year of Operations
Jumlah Gardu
                                                                                                        114
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata                                           0,59 (A) - 0,52 (B) (JORR E1-E3) dan/and
Volume Capacity (V/C) Average Ratio                            0,42 (A) - 0,44 (B) (JORR W2S & Ulujami-Bintaro Viaduct-Pondok Aren)
Sistem Pengoperasian                                                                                 Terbuka
Operating System                                                                                      Open
Lokasi Jalan Tol
                                                                                                 Jabodetabek
Toll Road Location




                                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                             297
Page 298
                                                                  Ruas Purbaleunyi
                                                                 Purbaleunyi Toll Road



                            Ruas                                  Cikampek-Padalarang (Cipularang) dan/and Padalarang-Cileunyi
                           Toll Road                                                     (Padaleunyi)
  Panjang Jalan
                                                                   Cikampek-Padalarang (58,50 km) dan/and Padalarang-Cileunyi (64,40 km)
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                            2003 dan/and 1990
  Year of Operations
  Jumlah Gardu
                                                                                                    158
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,66 (A) - 0,67 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol                                                                              Jawa Barat
  Toll Road Location                                                                             West Java



                                                                   Ruas Belmera
                                                                   Belmera Toll Road



                            Ruas
                                                                             Belawan-Medan-Tanjung Morawa (Belmera)
                           Toll Road
  Panjang Jalan
                                                                                                 42,70 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                   1986
  Year of Operations
  Jumlah Gardu
                                                                                                     67
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,44 (A) - 0,44 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol                                                                            Sumatera Utara
  Toll Road Location                                                                          North Sumatera




  Entitas Anak                                                               Subsidiaries

                                                           PT Marga Trans Nusantara (MTN)


                            Ruas
                                                                                           Kunciran-Serpong
                           Toll Road
  Panjang Jalan
                                                                                                   11,1 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2052
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                   2019
  Year of Operations
  Jumlah Gardu
                                                                                                     33
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,29 (A) - 0,27 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol
                                                                                                  Banten
  Toll Road Location




298   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 299
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




                                             PT Marga Sarana Jabar (MSJ)


                       Ruas
                                                                          Bogor Outer Ring Road
                     Toll Road
Panjang Jalan
                                                                                        11,3 Km
Road Length

Konsesi sampai dengan Tahun
                                                                                          2059
Concession Maturity Year

Tahun Beroperasi                                                      Beroperasi sebagian sejak 2009
Year of Operations                                                     Partially operated since 2009
Jumlah Gardu
                                                                                            15
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,43 (A) - 0,43 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                    Terbuka
Operating System                                                                         Open
Lokasi Jalan Tol                                                                      Jawa Barat
Toll Road Location                                                                    West Java


                                             PT Cinere Serpong Jaya (CSJ)


                        Ruas
                                                                                  Serpong-Cinere
                       Toll Road
Panjang Jalan
                                                                                          10,14 Km
Road Length
Konsesi sampai dengan Tahun
                                                                                            2052
Concession Maturity Year
Tahun Beroperasi                                                         Beroperasi sebagian sejak 2021
Year of Operations                                                        Partially operated since 2021
Jumlah Gardu
                                                                                              17
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                    0,10 (A) - 0,10 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                      Tertutup
Operating System                                                                           Closed
Lokasi Jalan Tol
                                                                                           Banten
Toll Road Location



                                        PT Jasamarga Kunciran Cengkareng (JKC)


                       Ruas
                                                                  Cengkareng-Batuceper-Kunciran
                     Toll Road
Panjang Jalan
                                                                                        14,2 km
Road Length
Konsesi sampai dengan Tahun
                                                                                          2052
Concession Maturity Year
Tahun Beroperasi
                                                                                          2021
Year of Operations

Jumlah Gardu
                                                                                            45
Total Booths

Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,22 (A) - 0,22 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                    Tertutup
Operating System                                                                         Closed
Lokasi Jalan Tol
                                                                                        Banten
Toll Road Location




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                299
Page 300
                                                           PT Jasamarga Kualanamu Tol (JMKT)


                          Ruas
                                                                                   Medan-Kualanamu-Tebing Tinggi
                         Toll Road
 Panjang Jalan
                                                                                                  61,7 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                                   2056
 Concession Maturity Year
 Tahun Beroperasi
                                                                                                    2017
 Year of Operations

 Jumlah Gardu
                                                                                                     45
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                              0,21 (A), 0,21 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                             Tertutup
 Operating System                                                                                  Closed
 Lokasi Jalan Tol                                                                            Sumatera Utara
 Toll Road Location                                                                          North Sumatera



                                                               PT Jasamarga Bali Tol (JBT)


                          Ruas
                                                                                       Nusa Dua-Tanjung Benoa
                         Toll Road

 Panjang Jalan
                                                                                                   12,7 km
 Road Length

 Konsesi sampai dengan Tahun
                                                                                                   2057
 Concession Maturity Year

 Tahun Beroperasi
                                                                                                    2013
 Year of Operations

 Jumlah Gardu
                                                                                                     22
 Total Booths

 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,10 (A) - 0,10 (B)
 Volume Capacity (V/C) Average Ratio

 Sistem Pengoperasian                                                                             Terbuka
 Operating System                                                                                  Open

 Lokasi Jalan Tol
                                                                                                    Bali
 Toll Road Location


                                                     PT Jasamarga Balikpapan Samarinda (JBS)


                          Ruas
                                                                                        Balikpapan-Samarinda
                         Toll Road
 Panjang Jalan
                                                                                                  97,3 km
 Road Length
 Konsesi sampai dengan Tahun
                                                                                                   2066
 Concession Maturity Year
 Tahun Beroperasi
                                                                                                    2019
 Year of Operations
 Jumlah Gardu
                                                                                                     26
 Total Booths
 Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,05 (A) - 0,05 (B)
 Volume Capacity (V/C) Average Ratio
 Sistem Pengoperasian                                                                             Tertutup
 Operating System                                                                                  Closed
 Lokasi Jalan Tol                                                                            Kalimantan Timur
 Toll Road Location                                                                           East Kalimantan




300   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 301
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




                                                PT Jasamarga Manado Bitung (JMB)



                         Ruas
                                                                                         Manado-Bitung
                        Toll Road
Panjang Jalan
                                                                                                39,8 km
Road Length
Konsesi sampai dengan Tahun
                                                                                                  2066
Concession Maturity Year
Tahun Beroperasi
                                                                                                  2020
Year of Operations
Jumlah Gardu
                                                                                                    24
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                         0,04 (A) - 0,04 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                            Tertutup
Operating System                                                                                 Closed
Lokasi Jalan Tol                                                                           Sulawesi Utara
Toll Road Location                                                                         North Sulawesi


                                                 PT Jasamarga Japek Selatan (JJS)


                         Ruas
                                                                                        Jatiasih-Sadang
                        Toll Road
Panjang Jalan
                                                                                                 64 km
Road Length
Konsesi sampai dengan Tahun
                                                                                                  2054
Concession Maturity Year
Tahun Beroperasi                                                                        Belum Beroperasi
Year of Operations                                                                      Not operational yet
Lokasi Jalan Tol                                                                              Jawa Barat
Toll Road Location                                                                            West Java



                                      Tabel Kemajuan Jalan Tol Jakarta-Cikampek II Sisi Selatan
                                      Table of Jakarta-Cikampek II South Side Toll Road Progress


                                                                        Pengadaan Tanah (%)                                Konstruksi (%)
                         Ruas                       Panjang (km)         Land Procurement (%)                              Construction (%)
                        Toll Road                     Length (km)
                                                                        2023                     2022                  2023                 2022
Seksi 1
                     Jatiasih-Setu                        9,7           4,16                       3,61                0,00                  0,00
Section 1
Seksi 2A
                     Setu-Sukaragam                      9,65           75,02                    57,83                 8,36                  0,00
Section 2A
Seksi 2B
                     Sukaragam-Sukabungah                15,6          95,40                     82,58                 12,15                 0,00
Section 2B
Seksi 3
                     Sukabungah-Sadang                  29,05           97,65                     91,91               86,08                 76,33
Section 3



                                           PT Jasamarga Probolinggo-Banyuwangi (JPB)


                         Ruas
                                                                                Probolinggo-Banyuwangi
                        Toll Road
Panjang Jalan
                                                                                               172,9 km
Road Length
Konsesi sampai dengan Tahun
                                                                                                  2073
Concession Maturity Year
Tahun Beroperasi                                                                        Belum Beroperasi
Year of Operations                                                                      Not operational yet
Lokasi Jalan Tol                                                                             Jawa Timur
Toll Road Location                                                                            East Java




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        301
Page 302
                                                  Tabel Kemajuan Jalan Tol Probolinggo-Banyuwangi
                                                      Table of Probolinggo-Banyuwangi Toll Road Progress



                                                                    Panjang            Pengadaan Tanah %                       Konstruksi
                             Ruas                                                        Land Procurement                    Construction (%)
                           Toll Road
                                                                     (km)
                                                                   Length (km)        2023                2022          2023              2022
  Paket 1
                       Suko - Kraksaan                                6,53            94,33               87,59         40,15                   0
  Section 1
  Paket 2
                       Kraksaan - Paiton                              15,75           96,30               50,04         25,77                   0
  Section 2
  Paket 3.1
                       Paiton - Banyuglugur (Seksi 1)                                 97,34               14,11                                 0
  Section 3.1
                                                                     21,89                                              11,02
  Paket 3.2
                       Banyuglugur - Besuki (Seksi 2)                                 96,12               21,19                                 0
  Section 3.2
  Paket 4
                       Besuki - Situbondo                            43,48              0                   0            0                      0
  Section 4
  Paket 5
                       Situbondo - Asembagus                          17,65             0                   0            0                      0
  Section 5
  Paket 6
                       Asembagus - Bajulmati                          43,61             0                   0            0                      0
  Section 6
  Paket 7
                       Bajulmati - Ketapang                          24,00              0                   0            0                      0
  Section 7


                                                              PT Jasamarga Jogja Bawen (JJB)


                            Ruas
                                                                                                Yogyakarta-Bawen
                           Toll Road
  Panjang Jalan
                                                                                                      75,82 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                          2062
  Concession Maturity Year
  Tahun Beroperasi                                                                                Belum beroperasi
  Year of Operations                                                                              Not operational yet
  Lokasi Jalan Tol                                                                                   Jawa Tengah
  Toll Road Location                                                                                  Central Java



                                                      Tabel Kemajuan Jalan Tol Yogyakarta-Bawen
                                                           Table of Yogyakarta-Bawen Toll Road Progress



                                                                                       Pengadaan Tanah %                       Konstruksi
                            Ruas                                Panjang (km)             Land Procurement                    Construction (%)
                           Toll Road                              Length (km)
                                                                                      2023                2022          2023              2022
  Paket 1
                       Sleman - Banyurejo                            8,25             80,41               65,0          50,75               22,2
  Section 1
  Paket 2
                       Banyurejo-Borobudur                           15,26            83,48               19,4          0,00                    0
  Section 2
  Paket 3
                       Borobudur-Magelang                            8,08             15,93                 0           0,00                    0
  Section 3
  Paket 4
                       Magelang-Temanggung                           16,46             0,66                 0           0,00                    0
  Section 4
  Seksi 5
                       Temanggung-Ambarawa                           22,56             1,03                 0           0,00                    0
  Section 5
  Paket 6
                       Ambarawa-Bawen                                 5,21            64,48                16,1         2,65                    0
  Section 6




302   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 303
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




                                             PT Jasamarga Akses Patimban (JAP)


                       Ruas
                                                                                        Akses Patimban
                      Toll Road
 Panjang Jalan
                                                                                               37,05 km
 Road Length
 Konsesi sampai dengan Tahun                                                    50 tahun sejak tanggal efektif
 Concession Maturity Year                                                        50 years from effective date
 Tahun Beroperasi                                                                       Belum Beroperasi
 Year of Operations                                                                     Not operational yet
 Lokasi Jalan Tol                                                                             Jawa Barat
 Toll Road Location                                                                           West Java



                                           Tabel Kemajuan Jalan Tol Akses Patimban
                                             Table of Patimban Access Toll Road Progress



                                                                        Pengadaan Tanah %                                      Konstruksi
                       Ruas                       Panjang (km)             Land Procurement                                  Construction (%)
                      Toll Road                    Length (km)
                                                                        2023                     2022                 2023                  2022
 Paket 1
              STA 00+000 - 07+100 (BUJT)               7,10             17,24                       0                    0                      0
 Section 1
 Paket 2
              STA 07+100 - 14+110 (BUJT)               7,01            68,90                        0                    0                      0
 Section 2
 Paket 1      STA 14+110 - 21+800
                                                       7,69             60,81                       0                    0                      0
 Section 1    (VGF Pemerintah/ Government)
 Paket 2      STA 21+800 - 28+000
                                                       6,20             69,19                       0                    0                      0
 Section 2    (VGF Pemerintah/ Government)
 Seksi 3      STA 28+000 - 33+500 a
                                                       5,50            23,06                        0                    0                      0
 Section 3    (VGF Pemerintah/ Government)
 Paket 4      STA 33+500 - 37+050
                                                       3,55             75,13                       0                    0                      0
 Section 4    (VGF Pemerintah/ Government)




PT Jasamarga Transjawa Tol                                           PT Jasamarga Transjawa Tol

Setelah dilakukannya pemisahan (spin off) Regional                   After the spin off of Regional Transjawa Tollroad to PT
Transjawa Tollroad kepada PT Jasamarga Transjawa                     Jasamarga Transjawa Tol (JTT) on July 1, 2022 and the
Tol (JTT) pada 1 Juli 2022 dan buyback atas penyertaan               buyback of participation in Limited Participation Mutual
Reksadana Penyertaan Terbatas (RDPT) pada 5 Juli                     Fund (RDPT) on July 5, 2023, PT Jasamarga Transjawa
2023, maka PT Jasamarga Transjawa Tol (JTT) sebagai                  Tol (JTT) as subsidiary of the Company has 13 toll road
entitas anak Perseroan memiliki 13 ruas konsesi jalan tol.           concessions.




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        303
Page 304
                                                            Ruas Jakarta-Cikampek
                                                            Jakarta-Cikampek Toll Road



                            Ruas
                                                                                      Jakarta-Cikampek (Japek)
                           Toll Road
  Panjang Jalan
                                                                                                72,5 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                 2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                 1988
  Year of Operations
  Jumlah Gardu
                                                                                                  200
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                           0,54 (A) – 0,53 (B)
  Volume Capacity (V/C) Average Ratio

  Sistem Pengoperasian                                                                          Terbuka
  Operating System                                                                               Open
  Lokasi Jalan Tol
                                                                                             Jabodetabek
  Toll Road Location



                                                             Ruas Palimanan - Kanci
                                                             Palimanan - Kanci Toll Road



                            Ruas
                                                                                     Palimanan-Kanci (Palikanci)
                           Toll Road
  Panjang Jalan
                                                                                               28,84 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                 2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                 1998
  Year of Operations
  Jumlah Gardu
                                                                                                   33
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                           0,60 (A) – 0,56 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                          Tertutup
  Operating System                                                                               Closed
  Lokasi Jalan Tol                                                                            Jawa Barat
  Toll Road Location                                                                           West Java




                                                           Ruas Semarang Seksi A,B,C
                                                             Semarang A,B,C Toll Road



                            Ruas
                                                                                           Semarang A,B,C
                           Toll Road
  Panjang Jalan
                                                                                               24,74 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                 2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                  1983
  Year of Operations
  Jumlah Gardu
                                                                                                   37
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                           0,62 (A) – 0,60 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                          Terbuka
  Operating System                                                                               Open
  Lokasi Jalan Tol                                                                           Jawa Tengah
  Toll Road Location                                                                         Central Java




304   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 305
                                                                 Analisa dan Pembahasan Manajemen
                                                                 Management Discussion and Analysis




                                               Ruas Surabaya-Gempol
                                               Surabaya-Gempol Toll Road



                       Ruas
                                                                               Surabaya-Gempol
                     Toll Road

Panjang Jalan
                                                                                          49 km
Road Length
Konsesi sampai dengan Tahun
                                                                                           2044
Concession Maturity Year
Tahun Beroperasi
                                                                                           1986
Year of Operations
Jumlah Gardu
                                                                                            121
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,58 (A) – 0,60 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                           Terbuka dan Tertutup
Operating System                                                                 Open and Closed
Lokasi Jalan Tol                                                                      Jawa Timur
Toll Road Location                                                                     East Java

                                        PT Jasamarga Surabaya Mojokerto (JSM)


                       Ruas
                                                                             Surabaya-Mojokerto
                     Toll Road
Panjang Jalan
                                                                                        36,27 km
Road Length
Konsesi sampai dengan Tahun
                                                                                           2049
Concession Maturity Year
Tahun Beroperasi
                                                                                           2011
Year of Operations
Jumlah Gardu
                                                                                             66
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,43 (A) – 0,46 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                           Terbuka dan Tertutup
Operating System                                                                 Open and Closed
Lokasi Jalan Tol                                                                      Jawa Timur
Toll Road Location                                                                     East Java




                                         PT Jasamarga Gempol Pasuruan (JGP)


                       Ruas
                                                                               Gempol-Pasuruan
                     Toll Road
Panjang Jalan
                                                                                        34,15 km
Road Length
Konsesi sampai dengan Tahun
                                                                                           2063
Concession Maturity Year
Tahun Beroperasi
                                                                                           2017
Year of Operations
Jumlah Gardu
                                                                                             28
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                  0,24 (A) – 0,31 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                     Tertutup
Operating System                                                                          Closed
Lokasi Jalan Tol                                                                      Jawa Timur
Toll Road Location                                                                     East Java




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 305
Page 306
                                                           PT Jasamarga Semarang Batang (JSB)


                            Ruas
                                                                                        Batang-Semarang
                           Toll Road
  Panjang Jalan
                                                                                                  75,0 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2066
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                   2018
  Year of Operations
  Jumlah Gardu
                                                                                                     45
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,33 (A) – 0,31 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol                                                                             Jawa Tengah
  Toll Road Location                                                                            Central Java



                                                             PT Jasamarga Solo Ngawi (JSN)


                            Ruas
                                                                                               Solo-Ngawi
                           Toll Road
  Panjang Jalan
                                                                                                  90,1 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2066
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                   2018
  Year of Operations
  Jumlah Gardu
                                                                                                     59
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                          0,25 (A) – 0,25 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol                                                                             Jawa Tengah
  Toll Road Location                                                                            Central Java



                                                      PT Jasamarga Ngawi Kertosono Kediri (JNK)


                            Ruas
                                                                                      Ngawi-Kertosono-Kediri
                           Toll Road
  Panjang Jalan
                                                                                                 114,92 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                   2066
  Concession Maturity Year
  Tahun Beroperasi                                                                  Beroperasi sebagian sejak 2018
  Year of Operations                                                                 Partially operated since 2018
  Jumlah Gardu
                                                                                                     17
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                             0,19 (A) – 0,19 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                           Tertutup
  Operating System                                                                                Closed
  Lokasi Jalan Tol                                                                              Jawa Timur
  Toll Road Location                                                                             East Java




306   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 307
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




                                        PT Jasamarga Jalanlayang Cikampek (JJC)


                       Ruas                                Jalan Layang MBZ Sheikh Mohamed Bin Zayed
                     Toll Road                               MBZ Sheikh Mohamed Bin Zayed Elevated Toll Road

Panjang Jalan
                                                                                        36,4 km
Road Length

Konsesi sampai dengan Tahun
                                                                                          2062
Concession Maturity Year
Tahun Beroperasi
                                                                                          2019
Year of Operations
Jumlah Gardu
                                                                                            0
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,64 (A) – 0,68 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                 Terintegrasi
Operating System                                                                      Integrated
Lokasi Jalan Tol
                                                                                    Jabodetabek
Toll Road Location




                                                 PT Trans Marga Jateng



                       Ruas
                                                                                 Semarang-Solo
                     Toll Road

Panjang Jalan
                                                                                        72,6 km
Road Length
Konsesi sampai dengan Tahun
                                                                                          2060
Concession Maturity Year
Tahun Beroperasi
                                                                                          2011
Year of Operations
Jumlah Gardu
                                                                                            61
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                0,39 (A) – 0,39 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                    Tertutup
Operating System                                                                         Closed
Lokasi Jalan Tol                                                                    Jawa Tengah
Toll Road Location                                                                  Central Java



                                            PT Jasamarga Pandaan Tol (JPT)


                       Ruas
                                                                               Gempol-Pandaan
                     Toll Road
Panjang Jalan
                                                                                        13,61 km
Road Length
Konsesi sampai dengan Tahun
                                                                                          2049
Concession Maturity Year
Tahun Beroperasi
                                                                                          2015
Year of Operations
Jumlah Gardu
                                                                                            12
Total Booths
Volume Capacity (V/C) Rasio Rata-Rata
                                                                                 0,51 (A) – 0,50 (B)
Volume Capacity (V/C) Average Ratio
Sistem Pengoperasian                                                                    Tertutup
Operating System                                                                         Closed
Lokasi Jalan Tol                                                                     Jawa Timur
Toll Road Location                                                                    East Java




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                307
Page 308
                                                           PT Jasamarga Pandaan Malang (JPM)



                            Ruas
                                                                                          Pandaan-Malang
                           Toll Road

  Panjang Jalan
                                                                                                  38,49 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                    2052
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                    2019
  Year of Operations
  Jumlah Gardu
                                                                                                      35
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                              0,26 (A) – 0,24 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                             Tertutup
  Operating System                                                                                  Closed
  Lokasi Jalan Tol                                                                               Jawa Timur
  Toll Road Location                                                                              East Java



  Ventura Bersama                                                            Joint Ventures

                                                             PT Marga Lingkar Jakarta (MLJ)


                                Ruas                                              Ulujami-Kebon Jeruk (JORR W2 Utara)
                              Toll Road                                              Ulujami-Kebon Jeruk (JORR W2 North)
  Panjang Jalan
                                                                                                       7,87 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                        2044
  Concession Maturity Year
  Tahun Beroperasi
                                                                                                        2014
  Year of Operations
  Jumlah Gardu
                                                                                                           38
  Total Booths
  Volume Capacity (V/C) Rasio Rata-Rata
                                                                                                  0,51 (A) - 0,51 (B)
  Volume Capacity (V/C) Average Ratio
  Sistem Pengoperasian                                                                                Terbuka
  Operating System                                                                                     Open
  Lokasi Jalan Tol
                                                                                                       Jakarta
  Toll Road Location



                                                              PT Jasamarga Jogja Solo (JMJ)


                                Ruas
                                                                                    Solo-Yogyakarta-NYIA Kulon Progo
                              Toll Road
  Panjang Jalan
                                                                                                      96,57 km
  Road Length
  Konsesi sampai dengan Tahun
                                                                                                        2061
  Concession Maturity Year
  Tahun Beroperasi                                                                              Belum Beroperasi
  Year of Operations                                                                            Not operational yet
  Lokasi Jalan Tol                                                                      DI Yogyakarta dan Jawa Tengah
  Toll Road Location                                                                    DI Yogyakarta and Central Java




308   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 309
                                                                              Analisa dan Pembahasan Manajemen
                                                                              Management Discussion and Analysis




                                 Tabel Kemajuan Jalan Tol Solo - Yogyakarta - NYIA Kulon Progo
                                    Table of Solo - Yogyakarta - NYIA Kulon Progo Toll Road Progress



                                                                              Pengadaan Tanah %                                      Konstruksi
                     Ruas                          Panjang (km)                  Land Procurement                                  Construction (%)
                    Toll Road                       Length (km)
                                                                              2023                     2022                 2023                   2022
Paket 1.1
                 Solo - Klaten                               22,30            95,68                    80,04                80,64                  42,72
Section 1.1
Paket 1.2
                 Klaten - Purwomantani                       20,08            94,81                    32,92                35,20                   0,31
Section 1.2
Paket 2.1A
                 Purwomantani - Maguwoharjo                  3,63             41,25                       0                  0,00                     0
Section 2.1A
Paket 2.2B
                 Trihanggo - Junction Sleman                 3,25             91,68                       0                 26,21                     0
Section 2.2B
Paket 2
                 Maguwoharjo - Trihanggo                     8,75               0                         0                    0                      0
Section 2
Paket 3
                 Sleman - Purworejo                          38,57              0                         0                    0                      0
Section 3



Kinerja Segmen Usaha Jalan Tol                                           Toll Road Business Segment Performance

Volume lalu lintas transaksi di tahun 2023 mengalami                     Transaction traffic volume in 2023 has increased
peningkatan dibandingkan dengan tahun sebelumnya                         compared to the previous year, influenced by Decree
dipengaruhi oleh Keputusan Presiden Republik Indonesia                   of President of Republic of Indonesia No 17 of 2023
Nomor 17 tahun 2023 tentang penetapan berakhirnya                        on determination of the end of Corona Virus Disease
status pandemi Corona Virus Disease 2019 (COVID-19)                      2019 (COVID-19) pandemic status in Indonesia on June
di Indonesia tanggal 22 Juni 2023 sehingga pergerakan                    22, 2023, hence society movement returns to normal
masyarakat kembali menuju kondisi normal dan                             conditions and the economy is gradually recovering in
perkonomian berangsur pulih sejalan dengan mobilitas                     line with also increasing community mobility. The actual
masyarakat yang juga meningkat. Realisasi volume lalu                    traffic volume for each toll road section of the Company's
lintas masing-masing ruas jalan tol pada Entitas Induk                   Parent Entity and Subsidiaries is as follows:
dan Entitas Anak Perseroan, adalah sebagai berikut:

                                               Tabel Volume Lalu Lintas Transaksi
                                                  Table of Transaction Traffic Volume



                                                                                                                             (dalam juta transaksi kendaraan)
                                                                                                                                (in million vehicle transactions)

                                                                                                                                    Pertumbuhan
                                                     2023                                       2022
                                                                                                                                        Growth

                                            Jumlah                                Jumlah                                      Jumlah
                    Ruas                  (Transaksi                            (Transaksi                                  (Transaksi
 No                                                             Proporsi                                  Proporsi
                  Toll Roads
                                         Kendaraan)             Proportion     Kendaraan)                Proportion        Kendaraan)                 (%)
                                            Number                 (%)            Number                    (%)               Number
                                            (Vehicle                              (Vehicle                                    (Vehicle
                                          Transaction)                          Transaction)                                Transaction)

Perseroan
Company
  1    Jakarta - Bogor - Ciawi                   151,5               12,2%                145,9                    12,6%                5,6                3,8%
  2    Jakarta - Cikampek                                -            0,0%                 163,7                   14,2%            (163,7)          (100,0%)
  3    Jakarta - Tangerang                       142,9               11,5%                136,8                    11,8%                6,1                4,4%
  4    Cawang - Tomang - Pluit                   199,1                16,1%               190,2                    16,5%               8,9                  4,7%
  5    Prof. Dr. Ir. Sedyatmo                     79,3                6,4%                  71,5                   6,2%                 7,8               10,9%
  6    Cikampek - Padalarang                      18,9                1,5%                  18,4                    1,6%               0,5                 2,8%
  7    Padalarang - Cileunyi                      62,5                5,0%                 60,8                    5,3%                 2,4                4,0%

  8    Surabaya - Gempol                                 -            0,0%                100,9                    8,7%             (100,9)          (100,0%)

  9    Semarang Seksi A,B,C                              -            0,0%                  37,8                   3,3%              (37,8)          (100,0%)


                                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                309
Page 310
                                                                   Tabel Volume Lalu Lintas Transaksi
                                                                       Table of Transaction Traffic Volume



                                                                                                                                               (dalam juta transaksi kendaraan)
                                                                                                                                                  (in million vehicle transactions)

                                                                                                                                                     Pertumbuhan
                                                                          2023                                     2022
                                                                                                                                                          Growth

                                                               Jumlah                                  Jumlah                                   Jumlah
                                 Ruas                        (Transaksi                              (Transaksi                               (Transaksi
      No                                                                          Proporsi                                 Proporsi
                               Toll Roads
                                                            Kendaraan)            Proportion        Kendaraan)            Proportion         Kendaraan)                 (%)
                                                               Number                (%)               Number                (%)                Number
                                                               (Vehicle                                (Vehicle                                 (Vehicle
                                                             Transaction)                            Transaction)                             Transaction)

                Belawan - Medan - Tanjung
       10                                                             28,8                2,3%                 28,3                2,5%                  0,5                  1,6%
                Morawa
       11       Palimanan - Kanci                                           -             0,0%                  12,3                 1,1%              (12,3)          (100,0%)
                JORR Seksi non S (Seksi E dan
       12                                                             86,9                7,0%                  81,6                7,1%                 5,3                6,4%
                W2S)
                Pondok Aren - Bintaro Viaduct
       13                                                               3,2               0,3%                   2,8               0,2%                  0,3               11,6%
                - Ulujami
                Subtotal                                             773,0              62,4%               1.051,1              91,0%              (277,4)            (26,4%)
      Entitas Anak
      Subsidiaries
        1       Jakarta - Cikampek                                   166,0               13,4%                     0               0,0%               166,0             100,0%
        2       Palimanan - Kanci                                      10,2               0,8%                     0               0,0%                 10,2            100,0%
        3       Semarang Seksi A,B,C                                  38,7                 3,1%                    0               0,0%                 38,7            100,0%
        4       Surabaya - Gempol                                    103,2                8,3%                     0               0,0%               103,2             100,0%
        5       Bogor Ring Road (PT MSJ)                               19,1               1,5%                  17,6               1,5%                   1,5               8,6%
                Cengkareng-Batuceper-
        6                                                              21,6                1,7%                 18,0                1,6%                 3,6              19,9%
                Kunciran (PT JKC)
        7       Kunciran-Serpong (PT MTN)                              13,6                1,1%                 10,6               0,9%                  3,0              28,2%
        8       Serpong-Cinere (PT CSJ)                                 4,3               0,3%                   3,5               0,3%                  0,8              22,3%
        9       Semarang-Batang (PT JSB)                               10,9               0,9%                     0               0,0%                  11,5           100,0%
       10       Solo-Ngawi (PT JSN)                                    12,1               1,0%                     0               0,0%                  12,1           100,0%
                Ngawi-Kertosono-Kediri (PT
       11                                                               3,2               0,3%                     0               0,0%                  3,2            100,0%
                JNK)
       12       Surabaya-Mojokerto (PT JSM)                            31,0               2,5%                 28,5                2,5%                  2,4               8,5%
       13       Gempol-Pasuruan (PT JGP)                                 3,1              0,3%                   2,9               0,3%                  0,2                  7,2%
                Medan-Kualanamu-Tebing
       14                                                               8,9               0,7%                   8,4               0,7%                  0,5                5,4%
                Tinggi (PT JKT)
                Nusa Dua-Ngurah Rai-Benoa
       15                                                              14,2                1,1%                  8,8               0,8%                  5,4              61,5%
                (PT JBT)
                Balikpapan-Samarinda (PT
       16                                                               3,9               0,3%                   3,0               0,3%                  0,8              27,6%
                JBS)
       17       Manado-Bitung (PT JMB)                                  2,0               0,2%                   2,0               0,2%                  0,0                  1,7%
                Subtotal                                            466,0               37,6%                103,5                9,0%               363,2               351,1%
                Total                                              1239,0              100,0%               1.154,5            100,0%                  85,8                 7,4%
      Keterangan/Notes:
      *)Per 1 Juli 2022, ruas-ruas jalan tol tersebut sudah dialihkan ke PT JTT, sehingga saat ini pengendaliannya berada di bawah PT JTT.
      **)Per 27 Juli 2023, Perseroan telah melakukan aksi korporasi pembelian kembali (buyback) Unit Reksadana Penyertaan Terbatas atas ruas jalan tol tersebut melalui PT
      JTT, sehingga saat ini secara tidak langsung pengendaliannya berada di bawah PT JTT.
      *)As of July 1, 2022, these toll road sections have been transferred to PT JTT, so that currently the control is under PT JTT.
      **)As of July 27, 2023, the company has carried out a corporate action of repurchasing (buyback) Limited Participation Mutual Fund Units for the toll road section through
      PT JTT. As a result, its control is currently indirectly under PT JTT.


  Adapun pada Ventura Bersama Perseroan yakni PT                                              Meanwhile, the Company's Joint Venture is PT Marga
  Marga Lingkar Jakarta (MLJ) yang mengelola ruas                                             Lingkar Jakarta (MLJ) which managing the Ulujami-Kebon
  jalan tol Ulujami-Kebon Jeruk. mengalami peningkatan                                        Jeruk toll road section which experienced an increase in
  volume lalu lintas sebesar 7,6% dibandingkan tahun                                          traffic volume of 7.6% in 2023 compared to previous year
  sebelumnya seiring dengan semakin bertambahnya                                              in line with increasing community mobilization.
  aktivitas mobilisasi masyarakat.

310         Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 311
                                                                                              Analisa dan Pembahasan Manajemen
                                                                                              Management Discussion and Analysis




Berikut volume lalu lintas pada ruas jalan tol Ventura                                   The following is traffic volume on the operating Joint
Bersama yang telah beroperasi:                                                           Venture toll road sections:

                                                  Tabel Volume Lalu Lintas Transaksi Ventura Bersama
                                                           Table of Joint Venture Transaction Traffic Volume



                                                                                                                                              (dalam juta transaksi kendaraan)
                                                                                                                                                 (in million vehicle transactions)

                                                                                                                                                  Pertumbuhan
                                                      2023                                          2022
                                                                                                                                                         Growth

                  Ruas                   Jumlah                                        Jumlah                                            Jumlah
  No                                   (Transaksi              Proporsi              (Transaksi                 Proporsi               (Transaksi
                Toll Roads
                                      Kendaraan)               Proportion           Kendaraan)                  Proportion            Kendaraan)                    (%)
                                    Number (Vehicle               (%)              Number (Vehicle                 (%)               Number (Vehicle
                                     Transaction)                                   Transaction)                                      Transaction)

           Ulujami-Kebon
    1                                      21,3                 100,0%                    19,8                    100,0%                    1,5                    7,6%
           Jeruk (PT MLJ)
 Total                                     21,3                 100,0%                   19,8                    100,0%                     1,5                    7,6%



Pada tanggal 27 Juli 2023, ruas jalan tol Batang-                                        In July 2023, the Batang-Semarang, Solo-Ngawi
Semarang, Solo-Ngawi dan Ngawi-Kertosono-Kediri                                          and Ngawi-Kertosono-Kediri toll road sections were
dialihkan sebagai Entitas Anak PT JTT sehingga masuk                                     transferred as PT JTT Subsidiaries, hence they are
ke dalam volume lalu lintas transaksi Entitas Anak PT JTT.                               included in transaction traffic volume of PT JTT
                                                                                         Subsidiaries.

                                            Tabel Volume Lalu Lintas Transaksi Ventura Bersama PT JTT
                                                     Table of Joint Venture Transaction Traffic Volume PT JTT



                                                                                                                                             (dalam juta transaksi kendaraan)
                                                                                                                                                (in million vehicle transactions)

                                                                                                                                                   Pertumbuhan
                                                              2023                                           2022
                                                                                                                                                          Growth

                      Ruas                       Jumlah                                        Jumlah                                          Jumlah
 No                                            (Transaksi              Proporsi              (Transaksi                 Proporsi             (Transaksi
                   Toll Roads
                                              Kendaraan)               Proportion           Kendaraan)                  Proportion          Kendaraan)                 (%)
                                             Number (Vehicle              (%)             Number (Vehicle                  (%)            Number (Vehicle
                                              Transaction)                                 Transaction)                                    Transaction)

   1     Semarang-Solo (PT TMJ)                     17,8                 30,9%                    17,5                     32,7%                   0,2                1,4%

  2      Gempol-Pandaan (PT JGP)                    3,6                   6,2%                    3,4                       6,3%                   0,2                5,6%
  3      Pandaan-Malang (PT JPM)                    9,9                   17,3%                   9,3                       17,3%                  0,7                7,0%
  4      Batang-Semarang (PT JSB)*                  10,9                  19,0%                  10,4                      19,4%                   1,1                10,8%
  5      Solo-Ngawi (PT JSN)*                       12,1                  21,1%                   9,9                      18,4%                   2,2               22,5%
         Ngawi-Kertosono-Kediri
  6                                                 3,2                   5,5%                    3,2                       5,9%                  (0,0)              (0,6%)
         (PT JNK)*
         Jalanlayang Cikampek
   7                                                N/A                    N/A                   N/A                        N/A                   N/A                  N/A
         (PT JJC)
 Total                                              57,5                 100,0%                  53,7                     100,0%                  4,4                 8,2%
 Keterangan/Notes:
 *) Pada bulan Juli 2023, ruas jalan tol Batang-Semarang, Solo-Ngawi dan Ngawi-Kertosono-Kediri dialihkan sebagai Entitas Anak PT JTT.
 **)Per 27 Juli 2023, Perseroan telah melakukan aksi korporasi pembelian kembali (buyback) Unit Reksadana Penyertaan Terbatas atas ruas jalan tol tersebut melalui PT
 JTT, sehingga saat ini secara tidak langsung pengendaliannya berada di bawah PT JTT.
 *) In July 2023, the Batang-Semarang, Solo-Ngawi and Ngawi-Kertosono-Kediri toll road sections were transferred as subsidiaries of PT JTT.
 **)As of July 27, 2023, the company has carried out a corporate action of repurchasing (buyback) Limited Participation Mutual Fund Units for the toll road section through
 PT JTT. As a result, its control is currently indirectly under PT JTT.



Peningkatan mobilitas masyarakat di tahun 2023,                                          Increasing community mobility in 2023, adjusting normal
penyesuaian tarif normal sesuai inflasi, dan implementasi                                tariffs according to inflation, and implementing special
penyesuaian tarif spesial pada beberapa ruas jalan tol                                   tariff adjustments on several toll road sections in Trans
di Trans Jawa menjadi faktor pendorong pertumbuhan                                       Java are the driving factors for Company's toll revenue
pendapatan tol Perseroan dibandingkan tahun 2022.                                        growth compared to 2022. As for transaction traffic
Adapun untuk volume lalu lintas transaksi ruas Jalan                                     volume of the Cikampek Flyover is not available because
Jalanlayang Cikampek tidak tersedia karena saat ini telah                                currently there has been integration of operations and

                                                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                    311
Page 312
  dilakukan integrasi pengoperasian dan tarif antara ruas                                tariffs between the Cikampek Flyover and the Jakarta-
  Jalan Layang MBZ Sheikh Mohamed Bin Zayed dan ruas                                     Cikampek section, hence transaction traffic volume is
  Jakarta-Cikampek, sehingga volume lalu lintas transaksi                                only recorded on Jakarta-Cikampek section.
  hanya tercatat di ruas Jakarta-Cikampek.

  Berikut ini perbandingan kinerja pendapatan tol pada                                   The following is comparison of toll revenue performance
  masing-masing ruas tersebut adalah:

                                                                            Tabel Pendapatan Tol
                                                                             Table of Toll Revenues


                                                                                                                                             (dalam juta Rupiah)
                                                                                                                                                (in milion Rupiah)

                                                                                                                                        Pertumbuhan
                                                                        2023                                 2022
                                                                                                                                             Growth
                              Ruas                          Jumlah             Proporsi           Jumlah            Proporsi
      No
                            Toll Roads                      Number             Proportion         Number            Proportion
                                                                                                                                      (Rp)             (%)
                                                                 (Rp)             (%)                 (Rp)             (%)
      Perseroan
      The Company
       1       Cikampek-Padalarang                              1.202.685               8,6%          1.148.388              9,2%      54.297              4,7%
       2       Jakarta-Bogor-Ciawi                              1.142.588               8,2%          1.029.529              8,3%      113.059            11,0%
               JORR Seksi non S (Seksi E
       3                                                        1.139.550               8,2%          1.062.439              8,5%        77.111            7,3%
               dan W2S)
       4       Jakarta-Tangerang                                 997.036                7,1%           955.984               7,7%       41.052             4,3%
       5       Cawang-Tomang-Pluit                               971.096                7,0%           923.278               7,4%       47.818             5,2%
       6       Prof. Dr. Ir. Sedyatmo                            664.599                4,8%           588.041               4,7%      76.558             13,0%
       7       Padalarang-Cileunyi                                463.176               3,3%           430.584               3,5%      32.592              7,6%
               Pondok Aren-Bintaro Viaduct-
       8                                                         176.039                1,3%            164.127              1,3%        11.912            7,3%
               Ulujami
               Belawan-Medan-Tanjung
       9                                                         172.532                1,2%           165.827               1,3%        6.705             4,0%
               Morawa
      10       Jakarta-Cikampek                                         0               0,0%            674.179              5,4%     (674.179)       (100,0%)
      11       Surabaya-Gempol                                          0               0,0%           389.308               3,1%    (389.308)        (100,0%)
      12       Palimanan-Kanci                                          0               0,0%            136.421               1,1%    (136.421)       (100,0%)
               Semarang Seksi
      13                                                                0               0,0%            110.944              0,9%     (110.944)       (100,0%)
               A, B, C
               Sub Total                                        6.929.301            49,7%            7.779.049          62,5%       (849.748)         (10,9%)
      Entitas Anak
      Subsidiaries
               Jasamarga Transjawa Tol (PT JTT)
       1           Jakarta-Cikampek                             1.360.970               9,8%           685.158               5,5%     675.812            98,6%
                   Surabaya-Gempol                                851.150               6,1%           413.666               3,3%     437.484           105,8%
                   Palimanan-Kanci                               268.879                1,9%           128.893               1,0%     139.986           108,6%
                   Semarang Seksi
                                                                 234.557                1,7%            114.276              0,9%      120.281          105,3%
                   A, B, C
               Surabaya - Mojokerto
       2                                                         579.874                4,2%           549.029               4,4%      30.845              5,6%
               (PT JSM)
               Medan-Kualanamu-Tebing
       3                                                         523.283                3,8%           497.802               4,0%       25.481               5,1%
               Tinggi (PT JMKT)
       4       Semarang-Batang (PT JSB)*                         485.914                3,5%                 0               0,0%     485.914           100,0%
               Kunciran-Cengkareng
       5                                                         435.302                3,1%           354.423               2,8%      80.879            22,8%
               (PT JKC)
       6       Ngawi-Kertosono (PT JNK)*                         419.483                3,0%                 0               0,0%     419.483           100,0%
               Balikpapan-Samarinda
       7                                                         363.817                2,6%            264.314              2,1%      99.503             37,6%
               (PT JBS)




312        Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 313
                                                                                             Analisa dan Pembahasan Manajemen
                                                                                             Management Discussion and Analysis




                                                                        Tabel Pendapatan Tol
                                                                         Table of Toll Revenues


                                                                                                                                                              (dalam juta Rupiah)
                                                                                                                                                                 (in milion Rupiah)

                                                                                                                                                        Pertumbuhan
                                                                   2023                                           2022
                                                                                                                                                            Growth
                        Ruas                           Jumlah               Proporsi               Jumlah                    Proporsi
 No
                      Toll Roads                       Number               Proportion              Number                  Proportion
                                                                                                                                                    (Rp)                 (%)
                                                         (Rp)                   (%)                   (Rp)                        (%)

  8      Gempol-Pasuruan (PT JGP)                         357.872                     2,6%              314.485                         2,5%            43.387             13,8%
         Bogor Outer Ring Road
  9                                                        287.774                    2,1%              251.278                         2,0%        36.496                 14,5%
         (PT MSJ)
 10      Kunciran-Serpong (PT MTN)                        287.206                     2,1%              215.682                         1,7%            71.524             33,2%
  11     Solo-Ngawi (PT JSN)*                             286.048                     2,1%                         0                    0,0%       286.048                100,0%
 12      Nusa Dua-Benoa (PT JBT)                           145.784                    1,0%                91.329                        0,7%        54.455                 59,6%
 13      Cinere-Serpong (PT CSJ)                            76.776                    0,6%                61.384                        0,5%            15.392             25,1%
 14      Manado-Bitung (PT JMB)                             54.038                    0,4%                51.226                        0,4%             2.812              5,5%
         Jalanlayang Cikampek
 15                                                                 0                 0,0%              671.956                         5,4%       (671.956)             (100,0%)
         (PT JJC)
 Sub Total                                               7.018.727                 50,3%            4.664.901                       37,5%        2.353.826                50,5%
 Total                                                13.948.028                 100,0%           12.443.950                       100,0%         1.504.078                 12,1%
Keterangan/Notes:
*)Per 1 Juli 2022, ruas-ruas jalan tol tersebut sudah dialihkan ke PT JTT, sehingga saat ini
**)Per 27 Juli 2023, Perseroan telah melakukan aksi korporasi pembelian kembali (buyback) Unit Reksadana Penyertaan Terbatas atas ruas jalan tol tersebut melalui PT JTT,
sehingga saat ini secara tidak langsung pengendaliannya berada di bawah PT JTT.
*) On July 2023, Batang-Semarang toll road, Solo-Ngawi toll road, and Ngawi-Kertosono toll road were transferred to PT JTT as a subsidiary.
**)As of July 27, 2023, the company has carried out a corporate action of repurchasing (buyback) Limited Participation Mutual Fund Units for the toll road section through PT
JTT. As a result, its control is currently indirectly under PT JTT.



Sedangkan untuk Ventura Bersama, berikut Pendapatan                                     Meanwhile, for Joint Venture, the following is Toll
Tol pada ruas yang dioperasikan.                                                        Revenue on operating sections.

                                                    Tabel Pendapatan Tol Ventura Bersama PT MLJ
                                                        Table of Joint Venture PT MLJ Entity Toll Revenues



                                                                                                                                                          (dalam jutaan Rupiah)
                                                                                                                                                               (in million Rupiah)

                                                                                                                                               Pertumbuhan
                                               2023                                          2022
                                                                                                                                                   Growth
 No          Ruas
                                   Jumlah                Proporsi                Jumlah                 Proporsi
           Toll Roads
                                    Total               Proportion                  Total               Proportion                      (Rp)                       (%)
                                    (Rp)                     (%)                    (Rp)                     (%)
         Ulujami-
  1      Kebon Jeruk             333.877                  100,0%                  311.679                 100,0%                               22.198                       7,1%
         (PT MLJ)
Total                            333.877                  100,0%                 311.679                  100,0%                               22.198                       7,1%

Pada tahun 2023, seiring dengan pembubaran RDPT                                         In 2023, along with the dissolution of RDPT MIET, the
MIET ruas jalan tol Batang-Semarang, Solo-Ngawi dan                                     Batang-Semarang, Solo-Ngawi and Ngawi-Kertosono-
Ngawi-Kertosono-Kediri dialihkan sebagai Entitas Anak                                   Kediri toll road sections were transferred as Subsidiaries
dan dimiliki secara tidak langsung oleh PT JTT melalui                                  and owned indirectly by PT JTT through PT Lintas Marga
PT Lintas Marga Jawa (LMJ).                                                             Jawa (LMJ).




                                                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                     313
Page 314
                                                           Tabel Pendapatan Tol Ventura Bersama PT JTT
                                                                 Table of Joint Venture Entity Toll Revenues PT JTT



                                                                                                                                                          (dalam jutaan Rupiah)
                                                                                                                                                               (in million Rupiah)

                                                                                                                                                Pertumbuhan
                                                     2023                                           2022
                                                                                                                                                     Growth
                      Ruas
      No                                  Jumlah                 Proporsi             Jumlah                  Proporsi
                   Toll Roads
                                            Total                Proportion              Total               Proportion                  (Rp)                      (%)
                                            (Rp)                    (%)                  (Rp)                     (%)
                Semarang-
        1                                    968.309                   24,2%               918.969                      18,6%                49.340                        5,4%
                Solo (PT TMJ)
                Batang-
       2        Semarang                      580.371                  14,5%               999.404                      20,2%             (419.033)                      (41,9%)
                (PT JSB)*
                Solo-Ngawi
       3                                      621.634                  15,6%                 997.101                    20,2%             (375.467)                      (37,7%)
                (PT JSN)*
                Ngawi-
                Kertosono-
       4                                     385.220                      9,6%             652.785                      13,2%             (267.565)                      (41,0%)
                Kediri
                (PT JNK)*
                Gempol-
       5        Pandaan                       187.525                     4,7%              178.047                      3,6%               146.063                      82,0%
                (PT JPT)
                Pandaan-
       6        Malang                       359.986                      9,0%               327.511                     6,6%                32.475                        9,9%
                (PT JPM)
                Jalanlayang
       7        Cikampek                      893.421                  22,4%               869.239                      17,6%                 24.182                       2,8%
                (PT JJC)
                Total                     3.996.466                  100,0%            4.943.056                    100,0%              1.352.359                        27,4%
      Keterangan/Notes:
      *)Per 27 Juli 2023, Perseroan telah melakukan aksi korporasi pembelian kembali (buyback) Unit Reksa Dana Penyertaan Terbatas (RDPT) atas ruas jalan tol tersebut
      melalui PT JTT, sehingga saat ini secara tidak langsung pengendaliannya berada di bawah PT JTT.
      *)As of July 27, 2023, the company has carried out a corporate action of repurchasing (buyback) Limited Participation Mutual Fund (RDPT) Units for the toll road section
      through PT JTT. As a result, its control is currently indirectly under PT JTT.



  Profitabilitas Segmen Usaha Jalan Tol                                                       Toll Road Business Segment Profitability

  Pada tahun 2023, laba usaha yang dibukukan segmen                                           In 2023, operating profit recorded by the toll road
  usaha jalan tol mengalami peningkatan dibandingkan                                          business segment increased compared to the previous
  tahun sebelumnya. Kenaikan tersebut utamanya                                                year. The increase was mainly caused by the increase
  disebabkan oleh meningkatnya pendapatan tol seiring                                         in toll revenue in line with the increase in traffic volume
  dengan peningkatan volume lalu lintas dan penyesuain                                        and tariff adjustments in 19 sections as well as success in
  tarif di 19 ruas serta keberhasilan dalam mengendalikan                                     controlling interest expenses.
  beban bunga.

  Perseroan melaksanakan beberapa aksi korporasi di                                           The Company implemented several corporate actions in
  tahun 2023 untuk mengoptimalkan portofolio bisnis                                           2023 to optimise its business portfolio and encourage
  dan mendorong pertumbuhan kinerja, antara lain yaitu                                        performance growth, including the buyback of RDPT
  buyback RDPT melalui PT JTT, refinancing kredit JNK                                         through PT JTT, refinancing of JNK and JKC loans,
  dan JKC, akuisisi saham milk PT Istaka Karya sebesar                                        acquisition of 0.14% milk shares of PT Istaka Karya.
  0,14%.




314         Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 315
                                                                                       Analisa dan Pembahasan Manajemen
                                                                                       Management Discussion and Analysis




                                                    Tabel Profitabilitas Segmen Usaha Jalan Tol*
                                                       Table of Toll Road Business Segment Profitability



                                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                                      (in million Rupiah)

                                                                                                                                Pertumbuhan (Penurunan)
                         Uraian                                                                                                        Growth (Decrease)
                                                                         2023                          2022
                       Description
                                                                                                                                     Rp                      %
                            (1)                                            (2)                           (3)                    (4) = (2)-(3)         (5) = (4)/(3)

Pendapatan Usaha
                                                                           18.267.880                     16.080.795                1.662.558                    13,3%
Revenues
Pendapatan Konstruksi
                                                                             5.752.623                      2.800.291               2.952.332                  105,4%
Construction Revenues
Beban Usaha
                                                                           (8.934.967)                    (8.434.768)                  (20.780)                   0,4%
Operating Expenses
Beban Konstruksi
                                                                           (5.716.823)                     (2.773.136)            (2.943.687)                  106,2%
Construction Expenses
Laba Bruto
                                                                           (9.368.712)                      (7.673.181)               1.497.418                  21,8%
Gross Profit
Beban Umum dan Administrasi
                                                                           (2.067.366)                    (1.944.582)                  (84.837)                    5,1%
General and Administration Expenses
Penghasilan (Beban) Lain-Lain
                                                                             4.491.326                     2.095.095                 1.336.743                   62,6%
Other Income (Expenses)
Laba Usaha
                                                                            11.792.673                      7.823.695               2.749.324                    37,5%
Operating Profit
Aset Segmen
                                                                          172.775.229                    127.959.081              43.838.034                     35,8%
Segment Assets
Liabilitas Segmen
                                                                          95.638.566                     69.695.486                 25.161.943                   37,4%
Segment Liabilities
Keterangan/Notes:
*) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
*) The numbers represented in the table above are the numbers before elimination.



Prospek Usaha Segmen Jalan Tol                                                      Toll Road Segment Business Prospects

Prospek usaha segmen jalan tol masih sangat baik                                    Business prospects for the toll road segment still very
sejalan dengan pertumbuhan perekonomian dan                                         good, in line with economic and infrastructure growth
infrastruktur di Indonesia. Pengembangan konektivitas                               in Indonesia. Continuous development of inter-regional
antarwilayah yang terus dilakukan dan pengembangan                                  connectivity and regional development around the toll
wilayah di sekitar area jalan tol dapat mendorong                                   road area can encourage an increase in Jasa Marga
peningkatan volume lalu lintas jalan tol Jasa Marga                                 Group toll road traffic volume, hence it can encourage
Group sehingga dapat mendorong pertumbuhan kinerja                                  growth in the Company's revenue performance.
pendapatan Perseroan.

Analisa Kinerja dan Prospek Usaha Jalan Tol                                         Performance Analysis and Operating Toll
Beroperasi                                                                          Road Business Prospects

Entitas Induk                                                                       Parent Entity

Jagorawi                                                                            Jagorawi
• Analisis Kinerja                                                                  • Performance Analysis
   Volume lalu lintas dan pendapatan tol ruas Jakarta-                                 Traffic volume and revenue from Jakarta-Bogor-
   Bogor-Ciawi Jagorawi meningkat dibandingkan                                         Ciawi Jagorawi toll road increased compared to
   tahun sebelumnya dikarenakan adanya penyesuaian                                     the previous year due to tariff adjustment in July in
   tarif di bulan Juli sesuai Kepmen PUPR No. 854/                                     accordance with Decision of Minister of PUPR No.
   KPTS/M/2023.                                                                        854/KPTS/M/2023.




                                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                            315
Page 316
      Laba usaha mengalami peningkatan dikarenakan              Operating profit increased due to tariff adjustment in
      penyesuaian tarif di bulan Juli sesuai Kepmen PUPR        July in accordance with Decree of Minister of PUPR
      No. 854/KPTS/M/2023 dan diberikan relaksasi diskon        No. 854/KPTS/M/2023 and accelerated relaxation of
      terhadap pembayaran Pajak Bumi dan Bangunan               discount on Land and Building Tax (PBB) payment by
      (PBB) dipercepat oleh Pemerintah Daerah.                  Regional Government.

  • Prospek Usaha                                            • Business Prospect
    Di masa yang akan datang pertumbuhan kinerja               In the future, performance growth of Jagorawi toll
    ruas Jagorawi ditopang oleh beberapa wilayah               road will be supported by several areas at Jagorawi
    pada akses keluar ruas Jagorawi yang sudah                 toll road exit access which have been developed by
    banyak dikembangkan oleh para developer menjadi            many developers into new residential or shopping
    pemukiman atau pusat perbelanjaan baru bagi                center for people in the surrounding areas. Apart from
    masyarakat di wilayah sekitar. Selain itu, Pemerintah      that, Bogor Regency Government will make Cibinong
    Kabupaten Bogor akan mewujudkan Kota Cibinong              Raya City, such as Sentul and Sukaraja area, into a
    Raya, seperti wilayah Sentul dan Sukaraja menjadi          Central Business District (CBD) area.
    Kawasan Central Bisnis District (CBD).

  Jakarta-Tangerang-Cengkareng                               Jakarta-Tangerang-Cengkareng
  • Analisis Kinerja                                         • Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas Jakarta         Traffic volume and toll revenue from Jakarta Tangerang-
     Tangerang-Cengkareng meningkat dibandingkan                Cengkareng toll road increased compared to the
     tahun sebelumnya yang didorong oleh penerapan              previous year, driven by new tariff implementation
     tarif baru di bulan Juli sesuai Kepmen PUPR No. 855/       in July in accordance with the Decree of Minister of
     KPTS/M/2023 di ruas Prof. Dr. Ir. Sedyatmo dan untuk       PUPR No. 855/KPTS/M/2023 on Prof. Dr. Ir. Sedyatmo
     di ruas Cawang – Tomang – Pluit dan ruas Jakarta –         and Cawang – Tomang – Pluit toll road and Jakarta
     Tangerang telah mengalami peningkatan volume lalu          – Tangerang toll road have experienced an increase
     lintas dimana tidak ada penerapan Work From Home           in traffic volume where there is no implementation of
     (WFH) di wilayah perkantoran DKI Jakarta sehingga          Work From Home (WFH) in DKI Jakarta office area,
     meningkatkan mobiliasasi masyarakat.                       thereby increasing community mobilization.

      Disisi lain, laba usaha mengalami peningkatan yang        On the other hand, operating profit experienced
      dikarenakan oleh penyesuaian tarif di bulan Juli          an increase due to tariff adjustment in July in
      sesuai Kepmen PUPR No. 855/KPTS/M/2023 di                 accordance with Decree of Minister of PUPR No. 855/
      ruas Prof. Dr. Ir. Sedyatmo dan diberikan relaksasi       KPTS/M/2023 on Prof. Dr. Ir. Sedyatmo and given
      diskon terhadap pembayaran PBB dipercepat oleh            relaxation of discount on accelerated PBB payment
      Pemerintah Daerah.                                        by Regional Government.

  • Prospek Usaha                                            • Business Prospect
    Pertumbuhan kinerja ruas Jakarta-Tangerang-                Performance     growth     of    Jakarta-Tangerang-
    Cengkareng akan terus ditopang oleh aktivitas              Cengkareng toll road will continue to be supported
    perekonomian di Jakarta, aktivitas penerbangan             by economic activity in Jakarta, air flight activity
    udara maupun penambahan kapasitas terminal                 and additional terminal capacity at Soekarno Hatta
    di Bandara Sorekarno Hatta, dan pengembangan               Airport, and regional development in Tangerang,
    wilayah di area Tangerang, Jakarta Utara, dan              North Jakarta and surrounding areas.
    sekitarnya.

  Jakarta Outer Ring Road (JORR) Non S dan Pondok            Jakarta Outer Ring Road (JORR) Non S dan Pondok
  Aren-Bintaro Viaduct-Ulujami                               Aren- Bintaro Viaduct-Ulujami
  • Analisis Kinerja                                         • Performance Analysis
     Volume lalu lintas dan pendapatan tol ruas JORR untuk      Traffic volume and toll revenue for JORR section for
     seksi E1, E2, E3, dan W2S serta Pondok Aren-Bintaro        sections E1, E2, E3 and W2S as well as Pondok Aren-
     Viaduct-Ulujami mengalami peningkatan dibandingkan         Bintaro Viaduct-Ulujami have increased compared to
     tahun sebelumnya. Hal ini, dikarenakan tidak ada           the previous year. This because there were no WFH
     penerapan WFH di wilayah perkantoran DKI Jakarta           implementation in DKI Jakarta office area and also
     dan juga penerapan sekolah secara tatap muka.              face-to-face schools activity.

      Dari sisi profitabilitas, laba usaha mengalami            In terms of profitability, operating profit experienced
      peningkatan/penurunan seiring dengan relaksasi            an increase/decrease in line with discount relaxation
      diskon terhadap pembayaran PBB dipercepat oleh            on accelerated PBB payment by Regional Government
      Pemerintah Daerah dan efisiensi beban kas.                and cash expenses efficiency.

316   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 317
                                                              Analisa dan Pembahasan Manajemen
                                                              Management Discussion and Analysis




• Prospek Usaha                                            • Business Prospect
  Di masa yang akan datang pertumbuhan kinerja               In the future, JORR toll road performance growth will
  ruas JORR ditopang oleh konektivitas dengan jalan          be supported by connectivity with Depok-Antasari toll
  tol Depok-Antasari sehingga akan menimbulkan               road, hence it will generate new traffic generation in
  bangkitan lalu lintas baru terhadap volume lalu lintas     JORR traffic volume.
  JORR.

Purbaleunyi                                                Purbaleunyi
• Analisis Kinerja                                         • Performance Analysis
  Volume lalu lintas dan pendapatan tol ruas                 Traffic volume and toll revenue for Cipularang
  Cipularang dan Padaleunyi (Purbaleunyi) meningkat          and Padaleunyi (Purbaleunyi) toll road increased
  dibandingkan tahun sebelumnya dikarenakan                  compared to the previous year due to tariff adjustment
  penerapan penyesuaian tarif di bulan Mei 2023              implementation in May 2023 in accordance with the
  sesuai dengan Kepmen PUPR No. 496/KPTS/M/2023              Decree of Minister of PUPR No. 496/KPTS/M/2023
  untuk ruas Cikampek – Padalarang (Cipularang) dan          for Cikampek – Padalarang (Cipularang) toll road and
  Kepmen PUPR No. 533/KPTS/M/2023 untuk ruas                 Decree of Minister of PUPR No. 533 /KPTS/M/2023
  Padalarang – Cileunyi (Padaleunyi).                        for Padalarang – Cileunyi (Padaleunyi) toll road.

   Di sisi profitabilitas, laba usaha mengalami               On profitability side, operating profit has increased
   peningkatan seiring adanya penerapan penyesuaian           in line with tariff adjustment implementation in May
   tarif di bulan Mei 2023 dan relaksasi diskon terhadap      2023 and discount relaxation on accelerated PBB
   pembayaran PBB dipercepat oleh Pemerintah Daerah           payment by Regional Government as well as cash
   dan efisiensi beban kas.                                   costs efficiency.

• Prospek Usaha                                            • Business Prospect
  Di masa yang akan datang pertumbuhan kinerja               In the future, performance growth of the Purbaleunyi
  ruas Purbaleunyi ditopang oleh konektivitas dengan         section will be supported by connectivity with toll
  jalan tol yang sudah beroperasi yaitu jalan tol            roads that are already operating, namely the Soreang-
  Soreang-Pasir Koja dan juga akan terhubung dengan          Pasir Koja toll road and will also be connected
  jalan tol Cisumdawu Cileunyi-Sumedang-Dawuan               to the Cisumdawu Cileunyi-Sumedang-Dawuan
  (Cisumdawu).                                               (Cisumdawu) toll road.

Belmera                                                    Belmera
• Analisis Kinerja                                         • Performance Analysis
  Volume lalu lintas transaksi tercatat meningkat            The volume of transaction traffic was recorded
  karena penerapan penyesuaian tarif di bulan Agustus        to increase due to the implementation of tariff
  2023 sesuai dengan Kepmen PUPR No. 1087/                   adjustments in August 2023 in accordance with
  KPTS/M/2023 untuk ruas Belawan-Medan-Tanjung               PUPR Ministerial Decree No. 1087/KPTS/M/2023
  Morawa. dan telah beroperasi kembali objek wisata di       for the Belawan-Medan-Tanjung Morawa section.
  sekitar wilayah jalan tol ruas Belawan-Medan-Tanjung       and the reopening of tourist attractions around the
  Morawa (Belmera). Seiring dengan peningkatan               Belawan-Medan-Tanjung Morawa (Belmera) toll road
  volume lalu lintas dan pendapatan tol, laba usaha          area. Along with the increase in traffic volume and toll
  juga semakin meningkat di bandingkan dengan tahun          revenue, operating profit also increased compared to
  sebelumnya.                                                the previous year.

• Prospek Usaha                                            • Business Prospect
  Di masa yang akan datang pertumbuhan kinerja               In the future, the performance growth of the
  ruas Belawan-Medan-Tanjung Morawa selain                   Belawan-Medan-Tanjung Morawa section will not
  didukung oleh terintegrasinya dengan jalan tol             only be supported by its integration with the Medan-
  Medan-Kualanamu-Tebing Tinggi, juga didukung               Kualanamu-Tebing Tinggi toll road, but also by the
  dengan beroperasinya ruas tol Medan-Binjai, Binjai-        operation of the Medan-Binjai, Binjai-Stabat, Tebing
  Stabat, ruas Tebing Tinggi-Kuala Tanjung-Parapat,          Tinggi-Kuala Tanjung-Parapat, and Indrapura-Kisaran
  dan Indrapura-Kisaran dan ruas tol Tebing Tinggi-          toll roads. In addition, the Kuala Tanjung Port area
  Kuala Tanjung-Parapat. Di samping itu, adanya              and the Sei Mangkei Special Economic Zone and
  kawasan Pelabuhan Kuala Tanjung dan Kawasan                Lake Toba, which are priority tourist destinations in
  Ekonomi Khusus Sei Mangkei serta Danau Toba yang           Indonesia, will also be an opportunity for traffic growth
  merupakan destinasi prioritas wisata di Indonesia          in Belawan-Medan-Tanjung Morawa area.
  juga akan menjadi peluang pertumbuhan lalu lintas di
  wilayah ruas Belawan-Medan-Tanjung Morawa.


                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                              317
Page 318
  Entitas Anak                                                Subsidiaries

  Kunciran-Serpong (PT Marga Trans Nusantara)                 Kunciran-Serpong (PT Marga Trans Nusantara)
  • Analisis Kinerja                                          • Performance Analysis
    Volume lalu lintas transaksi tercatat meningkat             The transaction traffic volume was recorded to
    akibat adanya penerapan penyesuaian tarif di bulan          have increased due to the implementation of tariff
    Maret 2023 sesuai dengan Kepmen PUPR No.                    adjustments in March 2023 in accordance with
    325/KPTS/M/2023 untuk ruas Kunciran-Serpong,                PUPR Ministerial Decree No. 325/KPTS/M/2023 for
    peningkatan mobilitas masyarakat, dan kondisi               the Kunciran-Serpong section, increased community
    pandemi yang sudah membaik sehingga adanya                  mobility, and improved pandemic conditions resulting
    peningkatan pendapatan tol.                                 in an increase in toll revenue.

  • Prospek Usaha                                             • Business Prospect
    Di masa yang akan datang pertumbuhan kinerja ruas           In the future, performance growth in the Kunciran-
    Kunciran-Serpong akan meningkatkan pendapatan               Serpong toll road will increase the Company's
    Perseroan dengan tersambungnya seluruh ruas                 revenue with the connectivity of the entire JORR
    JORR 2. Diharapkan dengan tersambungnya ruas                2 section. It is hoped that the JORR 2 section can
    JORR 2 dapat meningkatkan konektivitas di wilayah           increase connectivity in the Jabodetabek area.
    Jabodetabek.

  Bogor Outer Ring Road (PT Marga Sarana Jabar)               Bogor Outer Ring Road (PT Marga Sarana Jabar)
  • Analisis Kinerja                                          • Performance Analysis
    Volume lalu lintas dan pendapatan tol ruas Bogor            Traffic volume and toll revenue for the Bogor Outer
    Outer Ring Road (BORR) meningkat dibandingkan               Ring Road (BORR) section increased compared to
    tahun sebelumnya dikarenakan adanya penerapan               the previous year due to the implementation of tariff
    penyesuaian tarif di bulan Februari 2023 sesuai             adjustments in February 2023 in accordance with
    dengan Kepmen PUPR No. 310/KPTS/M/2023 untuk                PUPR Decree No. 310/KPTS/M/2023 for the Sentul
    ruas Sentul Selatan-Simpang Semplak dan mobilitas           Selatan-Simpang Semplak section and increased
    masyarakat yang meningkat ditunjang dengan                  community mobility supported by the government's
    pemberhentian status pandemi oleh pemerintah.               suspension of the pandemic status.

      Di sisi profitabilitas, laba usaha mengalami kenaikan      On the profitability side, operating profit increased
      seiring dengan adanya kebijakan peningkatan tarif.         in line with the tariff increase policy. In addition,
      Selain itu, dilakukan efisiensi dari beban umum            efficiency in general administrative expenses is
      administrasi.                                              carried out.

  • Prospek Usaha                                             • Business Prospect
    Pertumbuhan kinerja ruas BORR akan ditopang oleh            BORR toll road performance growth will be supported
    beroperasinya seluruh ruas BORR di masa yang akan           by the operation of all BORR sections in the future,
    datang, yang kemudian akan tersambung dengan                which will then be connected to Depok-Antasari toll
    ruas Depok-Antasari, sehingga dapat meningkatkan            road, so as to increase new traffic generation on the
    bangkitan lalu lintas baru di ruas BORR.                    BORR toll road.

  Serpong-Cinere (PT Cinere Serpong Jaya)                     Serpong-Cinere (PT Cinere Serpong Jaya)
  • Analisis Kinerja                                          • Performance Analysis
     Jumlah volume lalu lintas transaksi dan pendapatan          Transaction traffic volume and toll revenue was
     tol tercatat meningkat yang dipengaruhi oleh                recorded to increase, which was influenced by
     mobilitas masyarakatdan konektivitas dengan ruas            community mobility and connectivity with Kunciran-
     Kunciran-Serpong sebagai bagian dari jaringan jalan         Serpong section as part of the JORR 2 toll road
     tol JORR 2.                                                 network.

  • Prospek Usaha                                             • Business Prospect
    Di masa yang akan datang pertumbuhan kinerja ruas           In the future, the performance growth of Cinere-
    Cinere-Serpong akan meningkatkan pendapatan                 Serpong toll road will increase the Company's revenue
    Perseroan dengan tersambungnya seluruh ruas                 with the connection of the entire JORR 2 toll road. It is
    JORR 2. Diharapkan dengan tersambungnya ruas                hoped that the connection of the JORR 2 toll road can
    JORR 2 dapat meningkatkan konektivitas di wilayah           increase connectivity in the Jabodetabek area.
    Jabodetabek.




318   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 319
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




Cengkareng-Batuceper-Kunciran (PT Jasamarga Kun-             Cengkareng-Batuceper-Kunciran (PT Jasamarga Kun-
ciran Cengkareng)                                            ciran Cengkareng)
• Analisis Kinerja                                           • Performance Analysis
    Volume lalu lintas di sepanjang ruas JORR 2 mengalami       The traffic volume along the JORR 2 section has
    peningkatan dan terdapat penerapan penyesuaian              increased and there is an application of tariff adjustment
    tarif di bulan Desember 2023 sesuai dengan Kepmen           in December 2023 in accordance with PUPR Ministerial
    PUPR No. 1982/KPTS/M/2023 untuk ruas Jc. Benda-             Decree No. 1982/KPTS/M/2023 for the Jc. Benda-Jc.
    Jc. Kunciran, sehingga pendapatan tol juga tercatat         Kunciran, so that toll revenues were also recorded to
    meningkat dibandingkan tahun sebelumnya.                    increase compared to the previous year.

• Prospek Usaha                                              • Business Prospect
  Di masa yang akan datang pertumbuhan kinerja ruas            In the future, the performance growth of Cengkareng-
  Cengkareng-Batuceper-Kunciran akan meningkatkan              Batuceper-Kunciran toll road will increase the
  pendapatan Perseroan dengan tersambungnya seluruh            Company's revenue with the connection of all JORR 2
  ruas JORR 2. Diharapkan dengan tersambungnya ruas            toll road. It is hoped that the connection of the JORR 2
  JORR 2 dapat meningkatkan konektivitas di wilayah            toll road can increase connectivity in the Jabodetabek
  Jabodetabek.                                                 area.

Medan-Kualanamu-Tebing Tinggi (PT Jasamarga Kuala-           Medan-Kualanamu-Tebing Tinggi (PT Jasamarga
namu Tol)                                                    Kualanamu Tol)
• Analisis Kinerja                                           • Performance Analysis
  Volume lalu lintas transaksi dan pendapatan tol tercatat     The volume of transaction traffic and toll revenue was
  meningkat dibandingkan tahun sebelumnya yang                 recorded to increase compared to the previous year
  dipengaruhi oleh mobilitas masyarakat yang semakin           which was influenced by the increasing mobility of the
  meningkat, adanya penerapan penyesuaian tarif di             community, the implementation of tariff adjustments
  bulan Oktober 2023 sesuai dengan Kepmen PUPR                 in October 2023 in accordance with PUPR Ministerial
  No. 1519/KPTS/M/2023 untuk ruas Tanjung Morawa-              Decree No. 1519/KPTS/M/2023 for the Tanjung
  Tebing Tinggi serta konektivitas dengan ruas Jalan Tol       Morawa-Tebing Tinggi section and connectivity with
  Tebing Tinggi-Kuala Tanjung-Parapat dan Medan-Binjai,        the Tebing Tinggi-Kuala Tanjung-Parapat and Medan-
  sehingga volume lalu lintas transaksi dan pendapatan         Binjai toll roads, so that the volume of transaction
  tol juga meningkat.                                          traffic and toll revenue also increased.

• Prospek Usaha                                              • Business Prospect
  Di masa yang akan datang, pertumbuhan kinerja                In the future, the performance growth of Medan-
  ruas Medan-Kualanamu-Tebing Tinggi ditopang oleh             Kualanamu-Tebing Tinggi section will be supported
  meningkatnya aktivitas penerbangan di Bandara                by the increasing flight activities at Kualanamu
  Internasional Kualanamu dan terintegrasinya ruas ini         International Airport and the integration of this
  dengan ruas Tebing Tinggi-Kuala Tanjung-Parapat dan          section with Tebing Tinggi-Kuala Tanjung-Parapat
  ruas Indrapura-Kisaran. Selain itu, adanya kawasan           section and Indrapura-Kisaran section. In addition, the
  Pelabuhan Kuala Tanjung dan Kawasan Ekonomi                  Kuala Tanjung Port area and the Sei Mangkei Special
  Khusus Sei Mangkei serta Danau Toba menjadi 10               Economic Zone and Lake Toba are 10 (ten) priority
  (sepuluh) destinasi prioritas wisata di Indonesia.           tourist destinations in Indonesia.

Nusa Dua-Ngurah Rai-Benoa (PT Jasamarga Bali Tol)            Nusa Dua-Ngurah Rai-Benoa (PT Jasamarga Bali Tol)
• Analisis Kinerja                                           • Performance Analysis
  Volume lalu lintas transaksi dan pendapatan tol tercatat     Transaction traffic volume and toll revenue were
  meningkat dibandingkan dengan tahun sebelumnya,              recorded to have increased compared to the previous
  yang dipengaruhi oleh mobilitas masyarakat seiring           year, which was influenced by community mobility in
  dengan pemulihan sektor pariwisata di wilayah Bali.          line with tourism sector recovery in Bali region.

• Prospek Usaha                                              • Business Prospect
  Di masa akan datang pertumbuhan kinerja ruas Nusa            In the future, the performance growth of the Nusa
  Dua-Ngurah Rai-Benoa ditopang oleh pemulihan sektor          Dua-Ngurah Rai-Benoa section will be supported by
  pariwisata dan rencana pembangunan jalan Lingkar             the recovery of the tourism sector and the planned
  Selatan Badung, Jalan Tol Benoa-Blahbatuh, Jalan             construction of the Badung South Ring Road, Benoa-
  Tol Mengwi-Canggu, Jalan Tol Gilimanuk-Mengwi,               Blahbatuh Toll Road, Mengwi-Canggu Toll Road,
  pengembangan Pelabuhan Benoa, pengembangan                   Gilimanuk-Mengwi Toll Road, Benoa Port development,
  Bandara I Gusti Ngurah Rai, serta rencana pembangunan        I Gusti Ngurah Rai Airport development, and Sanur
  Kawasan Ekonomi Khusus (KEK) Sanur.                          Special Economic Zone (SEZ) development plan.


                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                319
Page 320
  Balikpapan-Samarinda (PT Jasamarga Balikpapan                Balikpapan-Samarinda (PT Jasamarga Balikpapan
  Samarinda)                                                   Samarinda)
  • Analisis Kinerja                                           • Performance Analysis
     Peningkatan pendapatan tol yang terjadi terutama             Increase in toll revenue that occurred was mainly
     dipengaruhi oleh meningkatnya volume lalu lintas dan         influenced by increasing traffic volume and the
     adanya penerapan penyesuaian tarif di bulan Maret 2023       implementation of tariff adjustments in March 2023
     sesuai dengan Kepmen PUPR No. 398/KPTS/M/2023                in accordance with PUPR Ministerial Decree No.
     untuk ruas Balikpapan-Samarinda. Peningkatan                 398/KPTS/M/2023 for the Balikpapan-Samarinda
     volume lalu lintas terjadi karena peningkatan mobilitas      section. Increase in traffic volume occurred due to
     masyarakat dari arah kota Balikpapan maupun dari             increased mobility of people from Balikpapan and
     kota Samarinda melalui jalan tol. Hal ini mendorong          from Samarinda via toll road. This encourages the
     pencapaian peningkatan laba usaha.                           increased operating profit achievement.

  • Prospek Usaha                                              • Business Prospect
    Di masa yang akan datang pertumbuhan kinerja ruas            In the future, the performance growth of Balikpapan-
    Balikpapan-Samarinda akan meningkat ditopang oleh            Samarinda toll road will increase, supported by
    pengembangan wilayah dan industri di area Balikpapan         regional and industrial development in Balikpapan and
    dan Samarinda, serta adanya rencana Pemerintah yang          Samarinda area, as well as Government's plan to build
    akan membangun akses jalan tol menuju ke Ibu Kota            toll road access to the new National Capital City (IKN).
    Negara (IKN) baru.

  Manado-Bitung (PT Jasamarga Manado Bitung)                   Manado-Bitung (PT Jasamarga Manado Bitung)
  • Analisis Kinerja                                           • Performance Analysis
    Volume lalu lintas tercatat meningkat dibandingkan           Traffic volume was recorded to have increased
    dengan tahun sebelumnya karena kondisi ruas tol              compared to the previous year due to the condition
    yang telah beroperasi sepenuhnya. Hal ini mendorong          of the toll road which was fully operational. This
    peningkatan pendapatan tol.                                  encourages an increase in toll revenue.

  • Prospek Usaha                                              • Business Prospect
    Di masa yang akan datang, pertumbuhan kinerja ruas           In the future, performance growth of Manado-Bitung
    Manado-Bitung akan meningkatkan pendapatan                   toll road will increase the Company's revenue by
    Perseroan dengan tersambungnya ruas Manado-                  connecting the Manado-Danowudu toll road and
    Danowudu dan pengembangan wilayah di Manado dan              regional development in Manado and Bitung, one of
    Bitung, salah satunya dengan rencana pengembangan            which is the plan to develop Special Economic Zones
    Kawasan Ekonomi Khusus (KEK).                                (KEK).

  PT Jasamarga Transjawa Tol                                   PT Jasamarga Transjawa Tol
  • Analisis Kinerja                                           • Performance Analysis
    Volume lalu lintas transaksi di sepanjang ruas jalan         Transaction traffic volume along the Transjawa toll
    tol Transjawa mengalami peningkatan dibandingkan             road section has increased compared to the previous
    dengan tahun sebelumnya yang dipengaruhi oleh                year, which was influenced by tariff adjustments on
    adanya penyesuaian tarif pada beberapa ruas tol              several Transjawa toll roads and the Eid homecoming
    Transjawa dan arus mudik lebaran setelah pandemi             flow after the pandemic was declared over. Hence,
    dinyatakan berakhir. Sehingga hal ini turut mendorong        this also encourages an increase in toll revenue.
    peningkatan pendapatan tol.

  • Prospek Usaha                                              • Business Prospect
    Ke depan pertumbuhan pendapatan tol untuk                    In the future, toll revenue growth for Jakarta-Cikampek
    ruas Jakarta-Cikampek akan ditopang oleh                     toll road will be supported by regional development
    pengembangan wilayah di area sekitar koridor ruas            in the area around the Jakarta-Cikampek corridor,
    Jakarta-Cikampek, peningkatan sistem jaringan jalan          improvement to the toll road network system including
    tol antara lain konektivitas Transjawa, dioperasikannya      Transjawa connectivity, the operation of MBZ Sheikh
    ruas Jalan Layang MBZ Sheikh Mohamed Bin Zayed,              Mohamed Bin Zayed Flyover, and construction of the
    dan pembangunan ruas Jakarta-Cikampek Selatan                Jakarta-South Cikampek and Jakarta Outer Ring Road
    serta Jakarta Outer Ring Road (JORR) 2. Seiring              (JORR) 2 toll road. Along with connection of other
    dengan telah tersambungnya ruas lainnya dalam                sections of the Trans Java toll road from West Java to
    Jalan tol Trans Jawa mulai dari Jawa Barat hingga            East Java and regional development in surrounding




320   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 321
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




   Jawa Timur dan pengembangan wilayah di daerah                areas, traffic volume is expected to increase and
   sekitarnya, maka volume lalu lintas diharapkan dapat         support the performance of PT Jasamarga Transjawa
   semakin meningkat dan dapat mendukung kinerja PT             Toll Road (JTT) as a whole in the future.
   Jasamarga Transjawa Tol (JTT) secara keseluruhan di
   masa yang akan datang.

Ventura Bersama                                              Joint Venture

Ulujami-Kebon Jeruk (PT Marga Lingkar Jakarta)               Ulujami-Kebon Jeruk (PT Marga Lingkar Jakarta)
• Analisis Kinerja                                           • Performance Analysis
   Volume lalu lintas dan pendapatan tol mengalami              Traffic volume and toll revenue have increased
   peningkatan dibandingkan tahun sebelumnya                    compared to the previous year due to increased
   dikarenakan adanya peningkatan mobilitas masyarakat          community mobility and the implementation of tariff
   dan adanya penerapan penyesuaian tarif yang berlaku          adjustments that took effect in December 2023 in
   di bulan Desember 2023 sesuai dengan Kepmen PU               accordance with the Minister of Public Works Decree
   No. 1604/KPTS/M/2023 untuk ruas JORR (W.S.E). Di             No. 1604/KPTS/M/2023 for the JORR (W.S.E) section.
   sisi profitabilitas, laba usaha mengalami peningkatan        On profitability side, operating profit has increased
   seiring dengan peningkatan pendapatan tol dan                along with increase in toll revenue and load efficiency.
   efisiensi beban yang dilakukan.

• Prospek Usaha                                              • Business Prospect
  Di masa yang akan datang pertumbuhan kinerja ruas            In the future, the performance growth of JORR W2
  JORR W2 Utara ditopang oleh konektivitas dengan              North toll road will be supported by connectivity with
  jalan tol Depok-Antasari dan pengembangan wilayah            Depok-Antasari toll road and regional development
  di area Tangerang sehingga akan menimbulkan                  in Tangerang area, hence it will generate new traffic
  bangkitan lalu lintas baru terhadap volume lalu lintas       generation in JORR traffic volume.
  JORR.



Segmen Usaha Pengoperasian                                   Operations Business Segment

Perseroan melakukan pengembangan bisnis jasa                 The Company is developing its toll road operation
pengoperasian jalan tol guna mengoptimalkan aset yang        services business in order to optimize its assets. The
dimiliki. Perseroan telah membentuk Entitas Anak yang        Company has formed Subsidiaries engaged in the toll
bergerak dalam bisnis pengoperasian jalan tol, yaitu PT      road operation business, namely PT Jasamarga Tollroad
Jasamarga Tollroad Operator (JMTO) dan PT Jalantol           Operator (JMTO) and PT Jalantol Lingkarluar Jakarta (JLJ).
Lingkarluar Jakarta (JLJ). PT JMTO memperoleh kontrak        PT JMTO obtained contract to operate toll road managed
pengoperasian jalan tol yang dikelola oleh Regional dan      by Regional and Subsidiary of Jasa Marga, as well as other
Entitas Anak Jasa Marga, serta Badan Usaha Jalan Tol         Toll Road Business Entities totaling 39 toll road sections
lain sejumlah 39 ruas tol yang terdiri dari 38 ruas sudah    consisting of 38 sections that are already operating and
beroperasi dan 1 ruas belum beroperasi yang dapat dilihat    1 section that is not yet operating which can be seen in
pada bagian penjelasan Produk dan Jasa di Bab Profil         Product and Services explanation section in Company
Perusahaan dalam Laporan Tahunan ini. Sementara, PT          Profile Chapter in this Annual Report. Meanwhile, PT JLJ
JLJ mengoperasikan ruas Jakarta Outer Ring Road (JORR)       operating the Jakarta Outer Ring Road (JORR) Section S
Seksi S milik PT Hutama Karya.                               toll road owned by PT Hutama Karya.

Sedangkan, PT JMTO memiliki tiga lini bisnis usaha, yaitu:   Meanwhile, PT JMTO has three business lines:
1. Pengoperasian Jalan Tol yang terdiri dari:                1. Toll Road Operations consisting of:
   a. Layanan Transaksi                                         a. Transaction Services
      Layanan transaksi yang disediakan PT JMTO meliputi            Transaction services provided by PT JMTO include
      perencanaan, pengelolaan dan pelaksanaan                      planning, management and implementation of toll
      layanan transaksi pengoperasian jalan tol. Contoh             road operation transaction services. Examples
      jasa transaksi, antara lain: Pelayanan Pengumpulan            of transaction services include: Toll Collection
      Tol, sewa kendaraan shuttle, consumable, dan lain-            Service, shuttle vehicle rental, consumable, etc.
      lain.




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                321
Page 322
      b. Layanan Lalu Lintas                                       b. Traffic Services
         Layanan lalu lintas yang disediakan PT JMTO meliputi         Traffic services provided by PT JMTO include
         perencanaan, pengelolaan dan pelaksanaan                     planning, management and implementation of
         pelayanan lalu lintas di jalan tol. Contoh layanan           traffic services on toll road. Examples of traffic
         lalu lintas, antara lain: sewa kendaraan operasional         services include: operational vehicles rental
         (patroli, derek, rescue, ambulance, kamtib, Patroli          (patrol, crane, rescue, ambulance, security guard,
         Jalan Raya/PJR), sewa radio komunikasi, dan lain-            Highway Patrol/PJR), communication radio rental,
         lain.                                                        etc.
      c. Layanan Pemeliharaan                                      b. Maintenance Services
         Layanan pemeliharaan yang disediakan PT                      Maintenance       services   provided     by   PT
         JMTO meliputi perencanaan, pengelolaan, dan                  JMTO include planning, management and
         pelaksanaan pemeliharaan rutin jalan tol. Contoh             implementation of routine toll road maintenance.
         layanan pemeliharaan, antara lain: pengaturan                Examples of maintenance services include:
         layanan pemeliharaan, pemeliharaan kantor dan                maintenance service arrangement, office and
         gerbang tol, dan layanan pemeliharaan lainnya.               toll gate maintenance, and other maintenance
                                                                      services.
         PT JMTO menyediakan layanan tersebut di ruas tol             PT JMTO provides this service on toll roads owned
         milik Group Jasa Marga dan Badan Usaha Jalan Tol             by the Jasa Marga Group and other Toll Road
         lain.                                                        Business Entities.

  2. Layanan Berbasis Teknologi Informasi                       2. Information Technology Based Services
     Layanan Berbasis Teknologi Informasi yang disediakan          Information Technology Based Services provided by
     PT JMTO, antara lain mencakup:                                PT JMTO include, among others:
     a. Pemasangan dan pemeliharaan peralatan Tol.                  a. Installation and maintenance of toll equipment.
     b. Pemasangan dan pemeliharaan CCTV.                           b. CCTV installation and maintenance.
     c. Pemasangan dan pemeliharaan Dynamic Message                 c. Installation and maintenance of Dynamic Message
        Signs (DMS) atau papan informasi berbasis display              Signs (DMS) or display matrix-based information
        matrix yang berfungsi memberikan informasi terkini             board which function to provide the latest
        seputar jalan tol secara cepat.                                information about toll road.
     d. Penyedia dan pemeliharaan mobile reader yang                d. Providing and maintaining mobile reader which
        berfungsi mengurangi kemacetan karena transaksi                function to reduce traffic jam because transactions
        dilakukan melalui alat tap uang elektronik yang                are carried out using electronic money tapping
        dibawa oleh petugas menghampiri mobil-mobil                    device carried by officers approaching cars
        yang mengantre di gerbang tol.                                 queuing at toll gates.
     e. Penyedia peralatan penimbang kendaraan.                     e. Vehicle weighing equipment provider.
     f. Penyedia Layanan One Call Center 14080 dan                  f. One Call Center 14080 Service Provider and
        Pusat Informasi Pengendalian Lalu Lintas terpadu.              integrated Traffic Control Information Center.
     g. Penyedia solusi Seat Management.                            g. Seat Management solution provider.

  3. Electronic Toll Collection                                 3. Electronic Toll Collection
     Layanan Electronic Toll Collection yang disediakan            Electronic Toll Collection services provided by JMTO
     JMTO antara lain layanan pengelolaan nontunai                 include non-cash management services (e-payment)
     (e-payment) dengan memanfaatkan settlement                    using settlement monitoring tools, implementation of
     monitoring tool, implementasi Automatic Vehicle               Automatic Vehicle Classification (AVC), development
     Classification (AVC), pengembangan layanan teknologi          of Single Lane Free Flow (SLFF) contactless
     nirsentuh Single Lane Free Flow (SLFF) berbasis               technology services based on Radio-Frequency
     Radio-Frequency Identification (RFID), dan fitur struk        Identification (RFID), and online receipt feature on
     online pada aplikasi travoy. Selain itu, JMTO juga            travoy application. Apart from that, JMTO is also
     mengembangkan bisnis baru yang meliputi payment               developing new businesses which include payment
     gateway (GeToll), ekosistem pembayaran terintegrasi           gateway (GeToll), integrated payment ecosystem
     (GetPay), dan pengelolaan parkir (GetPark).                   (GetPay), and parking management (GetPark).

  Kinerja Segmen Usaha Pengoperasian                            Operating Business Segment Performance

  Dengan kapasitas dan keunggulan yang dimilikinya,             With its capacity and advantages, PT JMTO continues to
  PT JMTO terus mendapatkan kepercayaan untuk                   gain trust in operating toll roads. There were increase in
  mengoperasikan jalan tol. Terdapat penambahan panjang         the length of toll roads operated by PT JMTO in 2023,
  ruas tol yang dioperasikan oleh PT JMTO pada tahun            including:
  2023, antara lain:


322   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 323
                                                                     Analisa dan Pembahasan Manajemen
                                                                     Management Discussion and Analysis




•   Ruas Cimanggis-Cibitung;                                     •   Cimanggis-Cibitung;
•   Ruas Cibitung- Cilincing-Tanjung Priok;                      •   Cibitung-Cilincing-Tanjung Priok;
•   Ruas Bogor-Ciawi-Sukabumi;                                   •   Bogor-Ciawi-Sukabumi;
•   Ruas Cinere-Serpong.                                         •   Cinere-Serpong.

Kontrak manajemen pada ruas tol Jasa Marga Group,                Management contract for Jasa Marga Group toll roads
antara lain:                                                     include:
• Ruas Belawan-Medan-Tj Morawa;                                  • Belawan-Medan-Tj Morawa;
• Ruas Surabaya-Gempol;                                          • Surabaya-Gempol;
• Ruas Semarang A, B, C;                                         • Semarang A, B, C;
• Ruas Jakarta-Cikampek;                                         • Jakarta-Cikampek;
• Ruas Palimanan-Kanci;                                          • Palimanan-Kanci;
• Ruas Jakarta-Bogor-Ciawi;                                      • Jakarta-Bogor-Ciawi;
• Ruas JORR seksi E, W2S dan Ulujami-Pondok Aren;                • JORR Section E, W2S and Ulujami-Pondok Aren;
• Ruas Purwakarta-Bandung-Cileunyi;                              • Purwakarta-Bandung-Cileunyi;
• Ruas Dalam Kota, Sedyatmo dan Jakarta-Tangerang;               • Dalam Kota, Sedyatmo and Jakarta-Tangerang;
• Ruas Semarang-Batang;                                          • Semarang-Batang;
• Ruas Ngawi-Kertosono;                                          • Ngawi-Kertosono;
• Ruas Kunciran-Serpong;                                         • Kunciran-Serpong;
• Ruas Balikpapan-Samarinda;                                     • Balikpapan-Samarinda;
• Ruas Jalan Layang MBZ Sheikh Mohamed Bin Zayed;                • MBZ Sheikh Mohamed Bin Zayed Flyover;
• Ruas Cengkareng-Batuceper-Kunciran;                            • Cengkareng-Batuceper-Kunciran;
• Ruas Bogor Outer Ring Road;                                    • Bogor Outer Ring Road;
• Ruas Jakarta-Cikampek II Sisi Selatan;                         • Jakarta-Cikampek II South Side;
• Ruas Nusa Dua-Tanjung Benoa;                                   • Nusa Dua-Tanjung Benoa;
• Ruas JORR W2 Utara;                                            • JORR W2 North;
• Ruas Gempol-Pandaan;                                           • Gempol-Pandaan;
• Ruas Gempol-Pasuruan;                                          • Gempol-Pasuruan;
• Ruas Semarang-Solo;                                            • Semarang-Solo;
• Ruas Pandaan-Malang;                                           • Pandaan-Malang;
• Ruas Solo-Ngawi;                                               • Solo-Ngawi;
• Ruas Medan-Kualanamu-Tebing Tinggi;                            • Medan-Kualanamu-Tebing Tinggi;
• Ruas Surabaya-Mojokerto;                                       Surabaya-Mojokerto;
• Ruas Serpong-Cinere;                                           Serpong-Cinere;
• Ruas Manado-Bitung.                                            Manado-Bitung.

PT JMTO juga berhasil memiliki pengoperasian pada                PT JMTO has also succeeded in operating non-Jasa
ruas tol Non Jasa Marga Group, antara lain:                      Marga Group toll roads, including:
• Ruas Krian-Legundi-Bunder-Manyar;                              • Krian-Legundi-Bunder-Manyar;
• Ruas Cimanggis-Cibitung;                                       • Cimanggis-Cibitung;
• Ruas Bogor-Ciawi-Sukabumi;                                     • Bogor-Ciawi-Sukabumi;
• Ruas Cibitung-Cilincing-Tanjung Priok;                         • Cibitung-Cilincing-Tanjung Priok;
• Ruas Serpong-Balaraja;                                         • Serpong-Balaraja;
• Ruas Kayu Agung-Palembang-Betung;                              • Kayu Agung-Palembang-Betung;
• Ruas Semarang-Demak;                                           • Semarang-Demak;
• Ruas Medan-Binjai*                                             • Medan-Binjai.
*) PT JMTO menyediakan layanan pengoperasian ruas Medan-Binjai   *) PT JMTO provides operating services for Medan-Binjai section during
pada periode Januari - Oktober 2023.                             the period of January - October 2023.


Profitabilitas Segmen Usaha Pengoperasian                        Profitability of Operating Business Segment

Pada tahun 2023, segmen usaha pengoperasian berhasil             In 2023, operating business segment managed to record
membukukan laba usaha sebesar Rp309,6 miliar, lebih              operating profit of Rp309.6 billion, increased 65.7% than
lebih tinggi 65,7% dari tahun 2022 yaitu sebesar Rp186,8         in 2022 of Rp186.8 billion.
miliar.




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     323
Page 324
                                                       Tabel Kinerja Segmen Usaha Pengoperasian*
                                                        Table of Operations Business Segment Performance



                                                                                                                                  (dalam jutaan Rupiah)
                                                                                                                                       (in Million Rupiah)

                                                                                                                       Pertumbuhan (Penurunan)
                                       Uraian                                                                              Growth (Decrease)
                                                                                          2023           2022
                                     Description
                                                                                                                          Rp                  %
   Pendapatan Usaha
                                                                                          2.100.397      1.880.023        220.374                  11,7%
   Operating Revenues
   Beban Usaha
                                                                                        (1.690.807)      (1.572.471)      (118.336)                7,5%
   Operating Expenses
   Laba Bruto
                                                                                           409.590         307.552        102.038                 33,2%
   Gross Profit
   Beban Umum dan Administrasi
                                                                                          (103.966)        (88.346)        (15.620)               17,7%
   General and Administration Expenses
   Penghasilan (Beban) Lain-Lain
                                                                                              3.976        (32.399)        36.375              (112,3%)
   Other Income (Expenses)
   Laba Usaha
                                                                                           309.600         186.807         122.793                65,7%
   Profit on Operations
   Aset
                                                                                         1.468.665         1.311.149       157.516                12,0%
   Asset
   Liabilitas Segmen
                                                                                           858.557         746.907         111.650                14,9%
   Segment Liabilities
   Keterangan/Notes:
   *) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
   *) The numbers represented in the table above are the numbers before elimination.




  Analisis Kinerja Tahun 2023                                                          Performance Analysis in 2023

  Seiring dengan bertambahnya ruas-ruas jalan tol yang                                 Along with increase in newly operational toll road
  baru beroperasi seperti Bogor – Ciawi – Sukabumi Seksi                               sections such as Bogor – Ciawi – Sukabumi 2,
  2, Cimanggis – Cibitung Seksi 2A, Cibitung – Cilincing                               Cimanggis – Cibitung 2A, Cibitung – Cilincing – Tanjung
  – Tanjung Priok Seksi 4, dan Cinere – Serpong Seksi 2,                               Priok 4, and Cinere – Serpong 2, operating business
  kinerja segmen usaha pengoperasian semakin membaik                                   segment performance is improving which is encouraging
  yang mendorong peningkatan pendapatan usaha dan                                      increase in operating revenue and operating profit of the
  laba usaha segmen usaha pengoperasian.                                               operating business segment.

  Prospek Usaha Segmen Usaha                                                           Business Prospect for Operation Business
  Pengoperasian                                                                        Segment

  Seiring dengan bertambahnya pengoperasian ruas-ruas                                  As new toll roads operations increases in Indonesia,
  tol baru di Indonesia, prospek usaha segmen usaha                                    business prospect for the operating business segment
  pengoperasian juga akan semakin baik yang akan                                       will also improve, which will have the potential to increase
  berpotensi meningkatkan pendapatan usaha.                                            business income.

  Untuk menjaga keberlanjutan bisnis sebagai pemimpin                                  To maintain business continuity as a leader in the field
  di bidang pengoperasian jalan tol di Indonesia, PT                                   of toll road operations in Indonesia, PT JMTO focuses
  JMTO berfokus pada layanan pengoperasian jalan tol                                   on integrated toll road operation services by providing
  yang terpadu dan terintegrasi dengan menyediakan                                     operation services, toll equipment and information and
  layanan operasi, peralatan tol serta sistem informasi dan                            communication system (sisinfokom) based on information
  komunikasi (sisinfokom) berbasis teknologi informasi,                                technology, thus providing toll road operation services as
  sehingga memberikan layanan pengoperasian jalan                                      a whole (one stop solution). To strengthen and enlarge
  tol secara menyeluruh (one stop solution). Untuk                                     its business scale, PT JMTO will continue to carry out or
  memperkuat dan memperbesar skala bisnisnya, PT                                       participate in open auctions on new toll road sections
  JMTO akan terus senantiasa melaksanakan atau                                         owned by BUJT other than the Jasa Marga Group.
  mengikuti lelang terbuka pada ruas jalan tol baru milik
  BUJT selain Jasa Marga Group.




324   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 325
                                                                 Analisa dan Pembahasan Manajemen
                                                                 Management Discussion and Analysis




Dalam rangka menuju perusahaan yang berbasis digital,        In order to become a digital-based company, JMTO will
JMTO terus berinovasi mengembangkan produk-produk            continue to innovate in developing digital products in
digital pada tahun 2023 ini, yang menjadi competitive        2023, which will become competitive advantage for the
advantage bagi Perseroan dalam segmen usaha                  Company in the Toll Road Operation business segment,
Pengoperasian Jalan Tol, diantaranya adalah Tollroad         including Tollroad Assistance Mobile Application with
Assistance Mobile Application dengan brand Travoy,           Travoy as a brand, Intelligent Traffic Analysis, and
Intelligent Traffic Analysis, serta Aplikasi Evaluasi        Officer’s Services Evaluation App, Trace (Track and Care).
Pelayanan Petugas, Trace (Track and Care).

Travoy merupakan aplikasi mobile yang bisa diunduh           Travoy is mobile application that can be downloaded
pengguna jalan tol untuk membantu pengguna selama            by toll road users to help users when traveling on toll
melakukan perjalanan di tol misalnya merencanakan            road, for example planning trip on toll roads, monitoring
perjalanan di tol, memonitor kondisi real time jalan         real time toll road conditions via CCTV, top-up electronic
tol melalui CCTV, melakukan top-up kartu elektronik,         card, print digital receipt, make online tow call, and
mencetak resi digital, melakukan panggilan derek online,     regarding rest area. All toll road services for toll road
dan terkait rest area. Seluruh layanan jalan tol bagia       users are available in this application.
pengguna jalan tol terdapat pada aplikasi tersebut.

Intelligent Traffic Analysis meliputi proyeksi lalu lintas   Intelligent Traffic Analysis includes traffic projection in the
dalam beberapa waktu mendatang sehingga tindakan             future so that traffic management engineering actions
rekayasa manajemen lalu lintas dapat segera dilakukan        can be carried out immediately to provide smoothness
untuk memberikan kelancaran bagi pengguna jalan              driving for toll road users. Furthermore, included in
tol. Selanjutnya yang tergolong dalam Intelligent            Intelligent Traffic Analysis is Incident Management
Traffic Analysis adalah Incident Management System           System which includes fast detection when there is
yang meliputi deteksi cepat ketika ada kejadian yang         incident that causes traffic disruption on the toll road,
menyebabkan terganggunnya lalu lintas di jalan tol, baik     whether in the form of vehicle stopping, a motorbike
itu berupa kendaraan berhenti, adanya motor masuk jalan      entering the toll road or an accident.
tol serta kecelakaan.

Aplikasi Trace dapat meningkatkan performa petugas           Trace application can improve the performance of traffic
pelayanan lalu lintas karena akan dinilai langsung oleh      service officers because it will be assessed directly by
pengguna jalan tol, dengan ini juga Perseroan dapat          toll road users, with this the Company can also evaluate
melakukan evaluasi terhadap kinerja pelayanan petugas        service performance of officers in the field more
di lapangan dengan lebih efektif dan sesuai.                 effectively and appropriately.



Segmen Usaha Preservasi                                      Preservation Business Segment

Upaya lain yang dilakukan Perseroan untuk                    Another effort made by the Company to optimize its
mengoptimalkan aset yang dimiliki selain pengembangan        assets, apart from developing the toll road operation
usaha jasa pengoperasian jalan tol adalah pengembangan       services business, is the development of toll road
bisnis jasa preservasi jalan tol. Hal ini dilakukan dengan   preservation services business. This was done by forming
membentuk Entitas Anak yang bergerak dalam bisnis            a Subsidiary engaged in the toll road preservation
preservasi jalan tol, yaitu PT Jasamarga Tollroad            business, PT Jasamarga Tollroad Maintenance (JMTM).
Maintenance (JMTM). Di samping melaksanakan                  Apart from carrying out toll road preservation work at
pekerjaan preservasi jalan tol di Jasa Marga Group, PT       Jasa Marga Group, PT JMTM also provides construction
JMTM juga memberikan layanan jasa konstruksi baik di         services both within and outside the Jasa Marga Group.
dalam maupun di luar Jasa Marga Group.

Tujuan dari pendirian PT JMTM, yakni untuk:                  Objectives of PT JMTM establishment are:
1. Memiliki kemampuan dalam pengelolaan pemenuhan            1. Has the ability to manage the fulfilment of Minimum
   Standar Pelayanan Minimal (SPM) jalan tol yang               Service Standards (MSS) for toll roads which is the main
   menjadi aspek utama BUJT dalam pengoperasian                 aspect of BUJT in operating toll roads. This SPM is the
   jalan tol. SPM ini merupakan indikator terpenting            most important indicator in providing quality service to
   dalam memberikan kualitas pelayanan kepada                   toll road users and affects the tariff adjustment for each
   pengguna jalan tol dan mempengaruhi terhadap                 toll road section that has been operating.
   penyesuaian tarif untuk setiap ruas jalan tol yang
   telah beroperasi.


                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 325
Page 326
  2. Memberikan nilai lebih dari segi efisiensi biaya        2. Providing more value in terms of preservation cost
     preservasi kepada BUJT. Biaya Preservasi merupakan         efficiency to BUJT. Preservation cost is a cost that
     biaya yang perlu dikelola dengan cermat agar tidak         needs to be managed carefully so as not to erode
     menggerus pendapatan tol BUJT.                             BUJT's toll revenue.
  3. Memaksimalkan potensi bisnis jasa preservasi yang       3. Maximising the business potential of preservation
     terus meningkat dengan bertambahnya panjang jalan          services that continues to increase with the
     tol yang beroperasi. BUJT yang telah menyelesaikan         increasing length of toll roads in operation. BUJT that
     konstruksi jalan tol dan masuk dalam fase operasional      has completed toll road construction and entered the
     akan membutuhkan pihak ketiga dalam melakukan              operational phase will require a third party to perform
     preservasi jalan tol untuk memenuhi SPM.                   toll road preservation to meet SPM.

  Untuk mencapai tujuan sebagai service provider             To achieve its goal of becoming a reliable and
  yang handal dan terpercaya, PT JMTM mulai                  trustworthy service provider, PT JMTM began investing
  melakukan investasi di bidang teknologi, dengan            in technology, by purchasing Road Inspection Hawkeye
  melakukan pembelian Road Inspection Hawkeye                2000 and Bridge Inspection. Road Inspection Hawkeye
  2000 dan Bridge Inspection. Road Inspection                2000 is operated using a system that integrates several
  Hawkeye 2000 dioperasikan menggunakan sistem               specific sensor equipment to obtain data on road
  yang mengintegrasikan beberapa peralatan sensor            condition characteristics and is equipped with Automatic
  yang spesifik untuk mendapatkan data karakteristik         Crack Detection, hence this tool able to detect cracks
  kondisi jalan dan telah dilengkapi dengan Automatic        and holes automatically. This technology can help
  Crack Detection sehingga alat ini mampu mendeteksi         conducting inventory of toll road asset data and assess
  retak dan lubang secara otomatis. Teknologi ini dapat      toll road conditions accurately, effectively and efficiently.
  membantu untuk melakukan inventarisasi data aset           The resulting data can then be used to develop toll road
  jalan tol dan penilaian kondisi jalan tol secara akurat,   preservation programs to make optimal preservation
  efektif dan efisien. Data yang dihasilkan kemudian         costs.
  dapat digunakan untuk menyusun program preservasi
  jalan tol sehingga dapat diperoleh biaya preservasi
  yang optimal.

  Bridge Inspection dioperasikan sebagai platform atau       Bridge Inspection is operated as a platform or tool to
  alat bantu untuk melakukan pengecekan/inspeksi             check/inspect the condition of bridges, both short and
  kondisi jembatan baik bentang pendek maupun                long span, at heights that are difficult to reach from
  bentang panjang pada ketinggian yang sulit terjangkau      under the bridge. This platform can help in detail in
  dari bawah jembatan. Platform ini secara detail dapat      checking the physical condition of bridge elements,
  membantu pemeriksaan kondisi fisik elemen jembatan,        such as checking bearing pad, crack and defect in girder,
  seperti pemeriksaan bearing pad, retak dan cacat pada      bridge pier and to supporting bridge preservation such
  girder, pier jembatan serta mendukung preservasi           as cleaning around pierhead, coating, tightening bolt,
  jembatan seperti pembersihan sekitar pierhead, coating,    cleaning plant, as well as monitoring overall health of
  pengencangan baut, pembersihan tanaman, serta              the bridge. Bridge condition inspection results can then
  pemantauan kesehatan jembatan secara menyeluruh.           be used to develop bridge preservation program with
  Hasil dari inspeksi kondisi jembatan kemudian dapat        optimal preservation costs.
  digunakan untuk menyusun program preservasi
  jembatan dengan biaya preservasi yang optimal.

  Kinerja Segmen Usaha Preservasi                            Preservation Business Segment
                                                             Performance

  Segmen usaha preservasi mencatatkan pendapatan             Preservation business segment recorded revenue of
  sebesar Rp1.498,4 miliar di tahun 2023, naik 29,7%         Rp1,498.4 billion in 2023, increased 29.7% compared to
  dibandingkan pendapatan pada tahun 2022 yaitu              revenue in 2022 of Rp1,155.7 billion.
  Rp1.155,7 miliar.

  Daftar pekerjaan yang dikerjakan oleh PT JMTM di tahun     A list of work by PT JMTM in 2023 can be seen in
  2023 dapat dilihat pada bagian Produk dan Jasa di Bab      Products and Services section in the Company Profile
  Profil Perusahaan dalam Laporan Tahunan ini.               Chapter in this Annual Report.




326   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 327
                                                                                       Analisa dan Pembahasan Manajemen
                                                                                       Management Discussion and Analysis




Profitabilitas Segmen Usaha Preservasi                                              Profitability of Preservation Business
                                                                                    Segment
Pada tahun 2023, segmen usaha preservasi                                            In 2023, the preservation business segment booked
membukukan laba usaha sebesar Rp424,3 miliar,                                       an operating profit of Rp424.3 billion, an increase of
meningkat 54,9% dari tahun 2022 yang tercatat sebesar                               54.9% from 2022 which was recorded at Rp273.9 billion.
Rp273,9 miliar. Angka yang disajikan pada tabel dibawah                             The figures presented in the table below are before
merupakan angka sebelum eliminasi.                                                  elimination.

                                                       Tabel Kinerja Segmen Usaha Preservasi*
                                                    Table of Preservation Business Segment Performance



                                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                                      (in Million Rupiah)

                                                                                                                                  Pertumbuhan (Penurunan)
                                    Uraian                                                                                               Growth (Decrease)
                                                                                       2023                     2022
                                  Description
                                                                                                                                       Rp                    %

Pendapatan Usaha
Operating Revenues
                                                                                      1.498.379                   1.155.661             342.718                  29,7%

Beban Usaha
Operating Expenses
                                                                                       (967.359)                 (740.819)           (226.540)                   30,6%

Laba Bruto
Gross Profit
                                                                                        531.020                    414.842                116.178               28,0%

Beban Umum dan Administrasi
General and Administration Expenses
                                                                                       (138.544)                 (122.560)              (15.984)                 13,0%

Penghasilan (Beban) Lain-lain
Other Income (Expenses)
                                                                                          31.808                   (18.425)              50.233              (272,6%)

Laba Usaha
Profit on Operations
                                                                                        424.284                   273.857               150.427                 54,9%

Aset
Asset
                                                                                      2.644.486                  1.919.832             724.654                   37,7%

Liabilitas
Liabilities
                                                                                      1.800.827                 1.249.800               551.027                  44,1%

Keterangan/Notes:
*) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
*) The numbers represented in the table above are the numbers before elimination.



Pada tahun 2023, pendapatan segmen usaha preservasi                                 In 2023, the preservation business segment revenue was
tercatat meningkat 29,7% dibandingkan dengan tahun                                  recorded to increase by 29.7% compared to the previous
sebelumnya karena terdapat tambahan pekerjaan Capex                                 year due to additional Capex work on Management
Kontrak Manajemen di beberapa ruas dan berbanding                                   Contracts in several sections and directly proportional to
lurus dengan meningkatnya beban usaha serta laba                                    the increase in operating expenses and operating profit
usaha PT JMTM .                                                                     of PT JMTM.

Prospek Usaha Segmen Usaha Preservasi                                               Business Prospect for Preservation
                                                                                    Business Segment

Ke depannya, Perseroan optimis bahwa segmen                                         In the future, the Company is optimistic that the
usaha preservasi akan terus meningkat seiring dengan                                preservation business segment will continue to increase
bertambahnya panjang jalan tol yang beroperasi                                      along with the increasing length of toll roads operating
di Indonesia. Hal ini dikarenakan BUJT yang telah                                   in Indonesia. This is because BUJT which has completed
menyelesaikan konstruksi jalan tol dan masuk ke dalam                               toll road construction and entered into the operational
fase operasional akan membutuhkan pihak ketiga                                      phase will require a third party to perform toll road
dalam melakukan preservasi jalan tol untuk memastikan                               preservation to ensure the fulfilment of toll road SPM.
pemenuhan SPM jalan tol.

Pada tahun 2023, PT JMTM mencatatkan perolehan                                      In 2023, PT JMTM recorded the acquisition of preservation
kontrak manajemen preservasi untuk 20 ruas Jalan tol                                management contracts for 20 sections of 1,110.90 km toll
sepanjang 1.110,90 km dan 15 proyek di luar kontrak                                 road and 15 projects outside of management contracts.
manajemen.



                                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                            327
Page 328
  Implementasi teknologi Intelligent Maintenance System         Implementation of Intelligent Maintenance System (IMS)
  (IMS) dengan penilaian kinerja keselamatan jalan              technology with road safety performance assessment
  menggunakan metode iRAP STAR Rating yaitu penilaian           using the iRAP STAR Rating method, which is a road
  kinerja keselamatan jalan melalui Star Rating dengan          safety performance assessment through Star Rating with
  Hawkeye 2000.                                                 Hawkeye 2000.

  Penggunaan Hawkeye 2000, kendaraan khusus                     Hawkeye 2000 utilization, a specialised smart vehicle,
  berteknologi pintar (smart) untuk mendapatkan nilai kondisi   is used to obtain more accurate road condition values,
  jalan dengan lebih akurat, data geometrik, dan data aset      geometric data, and road asset data. Hawkeye 2000
  jalan. Hawkeye 2000 telah digunakan di seluruh ruas jalan     has been used in all toll roads owned by Jasa Marga in
  tol milik Jasa Marga yang berada di Pulau Jawa. Beroperasi    Java. Operating since 2018, Hawkeye 2000 is not only
  sejak tahun 2018, Hawkeye 2000 tidak hanya digunakan          used to conduct road condition surveys on Jasa Marga
  untuk melakukan survei kondisi jalan pada ruas jalan tol      Group toll roads but also on non-jasa Jasa Marga Group
  Jasa Marga Group tetapi juga pada ruas jalan tol non Jasa     toll roads. By 2023, Hawkeye 2000 has processed road
  Marga Group. Pada tahun 2023, Hawkeye 2000 telah              condition data for 5,217.85 kilometers of Jasa Marga
  mengolah data kondisi jalan sepanjang 5.217,85 kilometer      Group toll road lanes and 55.80 kilometers of non-Jasa
  lajur jalan tol Jasa marga Group dan 55,80 kilometer lajur    Marga Group toll road lanes.
  jalan tol non Jasa Marga Group.

  Pengembangan         sistem    manajemen      jembatan        Development of bridge management system using the
  menggunakan platform Bridge Inspection MOOG dengan            MOOG Bridge Inspection platform with a gantry type.
  tipe gantry. Teknologi ini membantu dalam mencatat            This technology helps record condition of the bridge,
  kondisi jembatan, menyediakan data teknis jembatan            provides technical data on the bridge and helps field
  serta membantu tenaga lapangan untuk dapat mengakses          personnel to safely access pipe installation areas and
  area instalasi pipa serta komponen lainnya yang berada        other components within a narrow range. A number of
  dalam jangkauan sempit secara aman. Sejumlah kondisi          conditions that can utilize this bridge inspection tool
  yang bisa memanfaatkan alat inspeksi jembatan ini antara      include bridge with high pier, bridge that over river so
  lain jembatan dengan pier yang tinggi, jembatan yang          it is not possible to install scaffolding or sky worker and
  berada di atas sungai sehingga tidak memungkinkan             bridge with heavy traffic underneath. Currently, Bridge
  untuk dipasang perancah atau sky worker serta jembatan        Inspection has been used to carry out inspections on 4
  dengan lalu lintas yang padat di bawahnya. Saat ini,          bridges consisting of 3 belonging to Jasa Marga Group,
  Bridge Inspection telah digunakan untuk melakukan             namely the MBZ Toll Road Flyover Bridge, Cipada Bridge,
  pemeriksaan pada 4 Jembatan terdiri dari 3 milik Jasa         Cikubang Bridge and non-Jasa Marga section, namely
  Marga Group yaitu Jembatan Layang Jalan Tol MBZ,              Tanjung Priok Toll Access Bridge.
  Jembatan Cipada, Jembatan Cikubang dan ruas non Jasa
  Marga yaitu Jembatan Akses Tol Tanjung Priok.



  Segmen Usaha Lainnya                                          Other Business Segment

  Jasa Marga menjalankan bisnis segmen usaha lainnya            Jasa Marga operates other business segments to develop
  untuk mengembangkan bisnis prospektif dengan cara             prospective businesses by optimising the Company's
  mengoptimalkan aset Perseroan di ruang milik jalan tol        assets in toll road right-of-way (Rumijatol) along toll roads
  (Rumijatol) sepanjang jalan tol milik Jasa Marga Group.       owned by Jasa Marga Group. The development of this
  Pengembangan segmen ini dilakukan oleh entitas anak           segment is carried out by the Company's subsidiary,
  Perusahaan, yaitu PT Jasamarga Related Business               PT Jasamarga Related Business (JMRB). Currently PT
  (JMRB). Saat ini PT JMRB sedang mengembangkan                 JMRB is developing property/Toll Corridor Development
  properti/Toll Corridor Development (TCD) dengan               (TCD) under the branding 'Travoy', which includes Rest
  branding "Travoy", Tempat Istirahat dan Pelayanan             and Service Areas (TIP), advertising and utilities, building
  (TIP), iklan dan utilitas, pengelolaan gedung, serta          management, as well as commercial businesses. PT
  bisnis komersil. PT JMRB juga terus melakukan inovasi         JMRB also continues to innovate and establish strategic
  dan menjalin kerjasama strategis dengan mitra untuk           cooperation with partners to develop other prospective
  mengembangkan bisnis prospektif lainnya.                      businesses.




328   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 329
                                                                                       Analisa dan Pembahasan Manajemen
                                                                                       Management Discussion and Analysis




Kinerja Segmen Usaha Lainnya                                                        Performance of Other Business Segment

Kemajuan pengembangan bisnis properti PT JMRB dapat                                 The progress of PT JMRB's property business
dilihat dari telah terjualnya unit-unit rumah di proyek                             development can be seen from the sale of housing
perumahan Spring Residence Sidoarjo, Ambawani, dan                                  units in the Spring Residence Sidoarjo housing project,
beberapa proyek pengembangan lainnya.                                               Ambawani, and several other development projects.

Profitabilitas Segmen Usaha Lainnya                                                 Profitability of Other Business Segment

Pada tahun 2023, segmen usaha lainnya membukukan                                    In 2023, other business segment posted operating profit
laba usaha sebesar Rp22,5 miliar, menurun 43,4%                                     of Rp22.5 billion, decreased 43.4% compared to the
dibandingkan tahun sebelumnya sebesar Rp39,8 miliar.                                previous year of Rp39.8 billion.

Analisa Kinerja Segmen Usaha Lainnya                                                Performance Analysis of Other Business
                                                                                    Segment

                                                         Tabel Kinerja Segmen Usaha lainnya*
                                                        Table of Other Business Segment Performance


                                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                                      (in million Rupiah)

                                                                                                                                  Pertumbuhan (Penurunan)
                                    Uraian                                                                                               Growth (Decrease)
                                                                                       2023                     2022
                                  Description
                                                                                                                                       Rp                    %
Pendapatan Usaha
                                                                                        617,665                   503,224                114,441                 22.7%
Operating Revenues
Beban Usaha
                                                                                      (550,009)                  (415,467)            (134,542)                 32.4%
Operating Expenses
Laba Bruto
                                                                                          67,656                     87,757              (20,101)             (22.9%)
Gross Profit
Beban Umum dan Administrasi
                                                                                        (66,221)                  (59,876)               (6,345)                 10.6%
General and Administration Expenses
Penghasilan (Beban) Lain-Lain
                                                                                           21,091                     11,897                9,194                77.3%
Other Income (Expenses)
Laba Usaha
                                                                                         22,526                      39,778             (17,252)              (43.4%)
Profit on Operations
Aset
                                                                                      2,280,120                   2,184,178              95,942                   4.4%
Assets
Liabilitas
                                                                                         514,154                  395,695               118,459                 29.9%
Liabilities
Keterangan/Notes:
*) Angka yang tersaji pada tabel di atas merupakan angka sebelum eliminasi.
*) The numbers represented in the table above are the numbers before elimination.



Prospek Segmen Usaha Lainnya                                                        Prospect for Other Business Segment

Perseroan melihat segmen usaha lainnya memiliki                                     The Company sees that other business segment have
prospek yang baik ke depannya. Perseroan melalui PT                                 good prospect in the future. The Company, through PT
JMRB terus mengkaji dan mengembangkan segmen                                        JMRB, continues to review and develop other business
usaha lainnya agar dapat meningkatkan kontribusi                                    segment in order to increase the Company's revenue
pendapatan Perseroan di masa yang akan datang.                                      contribution in the future. This potential increase in
Potensi peningkatan pendapatan ini diharapkan                                       revenue is expected to come from an increase in toll road
bersumber dari peningkatan lalu lintas jalan tol dengan                             traffic as more new toll road networks are connected.
semakin banyaknya jaringan jalan tol baru yang
terkoneksi.

Salah satu upaya untuk mengembangkan segmen usaha                                   One effort to develop other business segments is
lain yaitu mengoptimalisasi aset di sepanjang jalan tol                             optimizing assets along the Company's toll roads, by
Perseroan, dengan mengembangkan TCD, dengan cara                                    developing TCD, by exploring cooperation with several
melakukan penjajakan kerja sama dengan beberapa                                     strategic partners, both private companies in the property


                                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                        329
Page 330
  mitra strategis baik perusahaan swasta bidang properti      sector and state-owned company synergy. Currently, PT
  maupun sinergi BUMN. Saat ini, PT JMRB tengah fokus         JMRB is focusing on developing Taman Mini Toll Corridor
  melakukan pengembangan Toll Corridor Development            Development (TCD) or Travoy Hub. Travoy Hub as the
  (TCD) Taman Mini atau Travoy Hub. Travoy Hub sebagai        first TIP Development in Indonesia. Travoy Hub is a Rest
  TIP Pengembangan pertama di Indonesia. Travoy               and Service Center (TIP) development that combines
  Hub merupakan pengembangan Tempat Istirahat dan             Taman Mini LRT Station with a business center and
  Pelayanan (TIP) yang memadukan Stasiun LRT Taman            gathering point between modes of transportation.
  Mini dengan pusat bisnis dan gathering point antar
  moda transportasi.

  Selain itu, PT JMRB juga mengembangkan bisnis utilitas      Apart from that, PT JMRB is also developing utility
  serta bisnis digital di sepanjang koridor jalan tol milik   business and digital business along the toll road
  Jasa Marga Group. PT JMRB terus menjalin kerjasama          corridors belonging to Jasa Marga Group. PT JMRB
  dengan mitra-mitra strategis untuk menambah daya            continues to collaborate with strategic partner to
  saing dan memperluas cakupan pasar khususnya dalam          increase competitiveness and expand market coverage,
  bidang utilitas dan bisnis digital.                         especially in the utility and digital business sector.

  PT JMRB senantiasa mengembangkan bisnis usaha               PT JMRB always develop other business and follow
  lain dan mengikuti perkembangan teknologi dengan            technological development by utilizing digital
  memanfaatkan teknologi digital dalam rangka                 technology in order to maximize business opportunities
  memaksimalkan peluang usaha yang dimiliki serta             and services to the Company's customers. In order to
  pelayanan terhadap pelanggan Perseroan. Guna                improve services to TIP users and take predictive steps
  meningkatkan pelayanan kepada pengguna TIP dan              by installing Smart CCTV on TIP toll roads to monitor TIP
  melakukan langkah-langkah prediktif dengan memasang         conditions, providing Travoy Nitro in Rest Areas for filling
  Smart CCTV di TIP jalan tol untuk monitoring kondisi TIP,   vehicle nitrogen.
  menyediakan Travoy Nitro di Rest Area untuk pengisian
  nitrogen kendaraan.

  PT JMRB turut berkomitmen dalam mengembangkan               PT JMRB is also committed to developing environmentally
  bisnis yang ramah lingkungan, salah satunya                 friendly businesses, one of which is by utilizing new and
  dengan pemanfaatan energi baru terbarukan melalui           renewable energy through installing solar panels on TIP
  pemasangan panel surya di TIP yang bekerja sama             in collaboration with one of potential partners. In addition,
  dengan salah satu mitra potensial. Selain itu, PT JMRB      PT JMRB installed Public Electric Vehicle Charging
  melakukan pemasangan Stasiun Pengisian Kendaraan            Station (SPKLU) at TIP for charging electric vehicles in
  Listrik Umum (SPKLU) di TIP untuk pengisian tenaga          order to support the government in increasing the use of
  kendaraan listrik dalam rangka mendukung pemerintah         more environmentally friendly electric vehicle.
  dalam meningkatkan penggunaan kendaraan listrik yang
  lebih ramah lingkungan.

  Mengingat pengembangan wilayah juga sangat                  Considering that regional development is also closely
  berkaitan dengan konektivitas jalan tol, PT JMRB akan       related to toll road connectivity, PT JMRB will optimise
  mengoptimalkan potensi pengembangan di sektor               the development potential in the property sector/Toll
  properti/Toll Corridor Development (TCD) karena             Corridor Development (TCD) because the presence of
  keberadaan jalan tol sangat berpengaruh terhadap nilai      toll roads greatly affects the selling value of property.
  jual properti.




330   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 331
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




Tinjauan Keuangan
Financial Overview

Laporan Keuangan Konsolidasian PT Jasa Marga                        The Consolidated Financial Statements of PT Jasa Marga
(Persero) Tbk dan entitas anaknya yang disajikan sesuai             (Persero) Tbk and its subsidiaries which are presented in
dengan prinsip-prinsip akuntansi keuangan yang berlaku              accordance with generally accepted financial accounting
umum di Indonesia (PSAK) untuk tahun yang berakhir                  principles in Indonesia (PSAK) for the year ending
pada 31 Desember 2023 dan 2022 menjadi dasar dalam                  December 31, 2023 and 2022 are the basis for analyzing
melakukan analisis atas kinerja keuangan Perseroan.                 the Company's financial performance. The 2023 Financial
Laporan Keuangan tahun 2023 telah diaudit oleh Kantor               Statements has been audited by Public Accounting Firm
Akuntan Publik (KAP) Amir Abadi Jusuf, Aryanto, Mawar               (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Rekan, and
& Rekan, dan memperoleh pendapat/opini wajar, dalam                 obtained a fair opinion in all material respects. Likewise,
semua hal yang material. Begitupula dengan Laporan                  the 2022 Financial Statements has been audited by KAP
Keuangan tahun 2022 telah diaudit oleh KAP Amir                     Amir Abadi Jusuf, Aryanto, Mawar & Rekan and obtained
Abadi Jusuf, Aryanto, Mawar & Rekan dan memperoleh                  fair opinion in all material respects.
pendapatan/opini wajar, dalam semua hal yang material.

Pemahaman atas uraian tinjauan keuangan yang tersaji                Understanding the description of financial review
tetap memperhatikan penjelasan pada Catatan Laporan                 presented still requires attention to explanation in the
Keuangan Konsolidasian (CALK) sebagai bagian yang                   Notes to the Consolidated Financial Statements (CALK)
tidak terpisahkan dari Laporan Tahunan ini. Analisis                as inseparable part of this Annual Report. Analysis
terkait kinerja keuangan Perseroan juga mengacu pada                related to the Company's financial performance also
kinerja keuangan di tahun sebelumnya sebagai data                   refers to financial performance in the previous year as
pembanding sehingga analisis yang disampaikan lebih                 comparative data, hence the analysis presented is more
komprehensif.                                                       comprehensive.

Laporan Posisi Keuangan Konsolidasian
Consolidated Statements of Financial Position

                                        Tabel Laporan Posisi Keuangan Konsolidasian
                                        Table of Consolidated Statements of Financial Position



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                            Uraian                                                                                         Growth (Decrease)
                                                                         2023                     2022
                          Description
                                                                                                                         Rp                     %

                              (1)                                         (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
ASET/ ASSETS
ASET LANCAR
CURRENT ASSETS
Kas dan setara kas
                                                                        4.438.951                  8.429.118          (3.990.167)                 (47,3%)
Cash and cash equivalents
Investasi jangka pendek
                                                                        1.360.795                2.394.007             (1.033.212)               (43,2%)
Short-term investments
Piutang lain-lain
                                                                        1.266.347                 1.224.992                 41.355                   3,4%
Other receivables
Persediaan
                                                                           119.490                     98.627              20.863                   21,2%
Inventories
Biaya dibayar di muka dan uang muka-neto
                                                                            95.910                    68.276                27.634                 40,5%
Prepaid expenses and advances-net
Pajak dibayar di muka
                                                                          134.956                      86.149              48.807                   56,7%
Prepaid taxes
Dana dibatasi penggunaannya
                                                                          558.326                       71.043            487.283                685,9%
Restricted funds
TOTAL ASET LANCAR
                                                                        7.974.775               12.372.212           (4.397.437)                (35,5%)
TOTAL CURRENT ASSETS

                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                               331
Page 332
                                                      Tabel Laporan Posisi Keuangan Konsolidasian
                                                     Table of Consolidated Statements of Financial Position



                                                                                                                                        (dalam jutaan Rupiah)
                                                                                                                                             (in million Rupiah)

                                                                                                                        Pertumbuhan (Penurunan)
                                      Uraian                                                                                  Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                            Rp                      %

                                         (1)                                           (2)                (3)           (4) = (2)-(3)         (5) = (4)/(3)

  ASET TIDAK LANCAR
  NON-CURRENT ASSETS
  Piutang lain-lain
                                                                                       27.5000                115.000        160.000                   139,1%
  Other receivables
  Dana dibatasi penggunaannya
                                                                                       292.783                165.776        127.007                    76,6%
  Restricted funds
  Investasi pada entitas asosiasi dan ventura bersama-neto
                                                                                     6.155.705           8.974.143       (2.818.438)                  (31,4%)
  Investment in associates and joint ventures – net
  Aset tetap - neto
                                                                                       474.401            360.716             113.685                   31,5%
  Fixed asset – net
  Properti investasi – neto
                                                                                       751.557           604.289             147.268                   24,4%
  Properti investasi – neto
  Aset tak berwujud – neto
  Intangible assets – net
      Hak pengusahaan jalan tol
                                                                                   111.246.294        66.979.662         44.266.632                     66,1%
      Toll road concession rights
      Lainnya
                                                                                       109.573                 81.074         28.499                   35,2%
      Others
  Goodwill                                                                               41.849               41.849                0                    0,0%
  Aset keuangan lainnya - neto
                                                                                       246.677            349.695           (103.018)                (29,5%)
  Other financial assets – net
  Aset tidak lancar lainnya - neto
                                                                                     1.720.233          1.094.766           625.467                     57,1%
  Other non-current assets – net
  Aset derivatif
                                                                                         23.142                     -          23.142                 100,0%
  Derivative assets
  TOTAL ASET TIDAK LANCAR
                                                                                   121.337.214        78.651.970        42.685.244                    54,3%
  TOTAL NON-CURRENT ASSETS
  TOTAL ASET
                                                                                   129.311.989         91.139.182        38.172.807                     41,9%
  TOTAL ASSETS
  LIABILITAS/ LIABILITY
  LIABILITAS JANGKA PENDEK
  CURRENT LIABILITIES
  Utang usaha
                                                                                       179.230            134.726             44.504                   33,0%
  Accounts payable
  Utang kontraktor
                                                                                       560.316            457.783            102.533                   22,4%
  Contractors payable
  Utang pajak
                                                                                       363.898           785.809             (421.911)                (53,7%)
  Taxes payable
  Beban akrual
                                                                                     8.120.532          5.224.379          2.896.153                   55,4%
  Accrued expenses
  Utang bank
                                                                                     4.499.415           1.853.174         2.646.241                  142,8%
  Bank loans
  Utang lembaga keuangan bukan bank
                                                                                       908.102                      -        908.102                 100,0%
  Non-bank financial institutions loan




332   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 333
                                                                            Analisa dan Pembahasan Manajemen
                                                                            Management Discussion and Analysis




                                           Tabel Laporan Posisi Keuangan Konsolidasian
                                           Table of Consolidated Statements of Financial Position



                                                                                                                                       (dalam jutaan Rupiah)
                                                                                                                                            (in million Rupiah)

                                                                                                                       Pertumbuhan (Penurunan)
                              Uraian                                                                                          Growth (Decrease)
                                                                            2023                     2022
                             Description
                                                                                                                            Rp                     %

                                 (1)                                         (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)

Liabilitas jangka panjang yang jatuh tempo dalam satu tahun :
Current maturities of long-term liabilities:
   Utang bank
                                                                           5.072.042                     360.177            4.711.865              1308,2%
   Bank loans
   Utang lembaga keuangan bukan bank
                                                                             200.000                              -         200.000                 100,0%!
   Non-bank financial institutions loan
   Utang obligasi
                                                                                          -           1.100.350           (1.100.350)                100,0%
   Bonds payable
   Liabilitas pembebasan tanah
                                                                           1.298.843                   838.542               460.301                  54,9%
   Land acquisition liabilities
   Liabilitas sewa
                                                                                72.631                    29.379              43.252                 147,2%
   Lease liabilities
   Provisi pelapisan jalan tol
                                                                             541.854                   493.242                 48.612                   9,9%
   Provision for overlay
   Pendapatan ditangguhkan
                                                                               46.724                   139.659             (92.935)                (66,5%)
   Deferred revenues
Liabilitas imbalan kerja
                                                                                   1.794                     1.794                    0                 0,0%
Employee benefits liabilities
Liabilitas keuangan jangka pendek lainnya
                                                                             955.782                    723.974              231.808                  32,0%
Other short-term financial liability
TOTAL LIABILITAS JANGKA PENDEK
                                                                          22.821.163               12.142.988            10.678.175                   87,9%
TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG
NON-CURRENT LIABILITIES
Liabilitas pajak tangguhan
                                                                           5.651.292                 1.634.980             4.016.312                245,6%
Deferred tax liabilities
Utang kontraktor jangka panjang
                                                                             488.130                    213.454              274.676                 128,7%
Long-term contractors payable
Beban akrual jangka panjang
                                                                             715.029                   693.945                 21.084                   3,0%
Long-term accrued expenses
Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo dalam satu tahun :
Long-term liabilities – net of current maturities :
   Utang bank
                                                                         57.046.445                46.687.743            10.358.702                   22,2%
   Bank loans
   Utang lembaga keuangan bukan bank
                                                                                          -            200.000            (200.000)                (100,0%)
   Non-bank financial institutions loan
   Utang obligasi
                                                                             897.353                    895.770                  1.583                  0,2%
   Bonds payable
   Liabilitas pembebasan tanah
                                                                             251.067                   859.008              (607.941)               (70,8%)
   Land acquisition liabilities
   Liabilitas sewa
                                                                               57.385                        91.114          (33.729)                (37,0%)
   Lease liabilities
   Provisi pelapisan jalan tol
                                                                             731.649                   475.964              255.685                    53,7%
   Provision for overlay
   Pendapatan ditangguhkan
                                                                                73683                             -           73.683                 100,0%
   Deferred revenues
Liabilitas imbalan kerja jangka panjang
                                                                            1.316.108                 1.256.108               60.000                    4,8%
Long-term employee benefits liabilities
Liabilitas Derivatif
                                                                                 67.171                   90.748             (23.577)               (26,0%)
Derivative Liability


                                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                              333
Page 334
                                                      Tabel Laporan Posisi Keuangan Konsolidasian
                                                     Table of Consolidated Statements of Financial Position



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                         Rp                      %

                                         (1)                                           (2)                (3)        (4) = (2)-(3)         (5) = (4)/(3)

  Liabilitas jangka panjang lainnya
                                                                                       284.308            275.973           8.335                     3,0%
  Other long-term liabilities
  TOTAL LIABILITAS JANGKA PANJANG
                                                                                   67.579.620         53.374.807      14.204.813                   26,6%
  TOTAL NON-CURRENT LIABILITIES
  TOTAL LIABILITAS
                                                                                   90.400.783         65.517.793     24.882.990                    38,0%
  TOTAL LIABILITIES
  EKUITAS/ EQUITY
  Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk
  Equity attributable to owners of the parent entity
      Modal saham - nilai nominal Rp 500 (rupiah penuh) per
      saham Modal dasar 19.040.000.000 saham
      Modal ditempatkan dan disetor penuh - 1 saham seri A
      Dwiwarna dan 7.257.871.199 saham seri B
                                                                                     3.628.936         3.628.936                 0                    0,0%
      Capital stock - Rp500 par value (full amount) per share
      Authorized - 19,040,000,000 shares Issued and fully paid
      1 series A Dwiwarna share and 7,257,871,199 series B
      shares
  Tambahan modal disetor - neto
                                                                                     3.997.085          3.997.085                0                    0,0%
  Additional paid in capital - net
  Selisih atas transaksi entitas non-pengendali
                                                                                       (51.064)           (46.482)         (4.582)                    9,9%
  Difference from non-controlling interest transaction
  Saldo laba
  Retained earnings
      Telah ditentukan penggunaannya
                                                                                     8.971.304          8.971.304                0                    0,0%
      Appropriated
      Belum ditentukan penggunaannya
                                                                                    13.697.656          7.453.482       6.244.174                   83,8%
      Unappropriated
  Penghasilan komprehensif lain:
  Other comprehensive income:
      Keuntungan yang belum direalisasi dari aset keuangan
      pada nilai wajar                                                              (1.166.806)        (1.049.514)        (117.292)                  11,2%
      Unrealized gain on financial assets as fair value
      Kerugian liabilitas derivatif lindung nilai
                                                                                       (50.675)          (100.596)         49.921                 (49,6%)
      Loss on Hedge Derivative Liability
      Pengukuran kembali liabilitas imbalan kerja jangka panjang
                                                                                    (1.134.999)        (1.028.612)       (106.387)                   10,3%
      Remeasurements of long-term employee benefits liability
  Ekuitas Neto yang Dapat diatribusikan kepada :
  Net equity attributable to:
      Pemilik Entitas Induk
                                                                                    27.891.437        21.825.603       6.065.834                     27,8%
      Owners of The Parent Entity
      Kepentingan Non Pengendali
                                                                                     11.019.769         3.795.786       7.223.983                  190,3%
      Non-Controlling Interests
  TOTAL EKUITAS
                                                                                    38.911.206         25.677.121    13.234.085                      51,5%
  TOTAL EQUITY
  TOTAL LIABILITAS DAN EKUITAS
                                                                                   129.311.989         91.139.182     38.172.807                     41,9%
  TOTAL LIABILITIES AND EQUITY




334   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 335
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




Aset
Asset

                                                           Tabel Aset
                                                           Table of Asset



                                                                                                                                  (dalam jutaan Rupiah)
                                                                                                                                       (in million Rupiah)

                                                                                                                  Pertumbuhan (Penurunan)
                             Uraian                                                                                      Growth (Decrease)
                                                                       2023                     2022
                            Description
                                                                                                                       Rp                     %
                                (1)                                     (2)                       (3)             (4) = (2)-(3)        (5) = (4)/(3)
ASET LANCAR
CURRENT ASSETS
Kas dan setara kas
                                                                      4.438.951                  8.429.118          (3.990.167)                 (47,3%)
Cash and cash equivalents
Investasi jangka pendek
                                                                      1.360.795                2.394.007             (1.033.212)               (43,2%)
Short-term investments
Piutang lain-lain
                                                                      1.266.347                 1.224.992                 41.355                   3,4%
Other receivables
Persediaan
                                                                            119.490                 98.627               20.863                   21,2%
Inventories
Biaya dibayar di muka dan uang muka-neto
                                                                            95.910                  68.276               27.634                   40,5%
Prepaid expenses and advances-net
Pajak dibayar di muka
                                                                        134.956                      86.149              48.807                   56,7%
Prepaid taxes
Dana dibatasi penggunaannya
                                                                        558.326                      71.043             487.283                685,9%
Restricted funds
TOTAL ASET LANCAR
                                                                       7.974.775             12.372.212            (4.397.437)                (35,5%)
TOTAL CURRENT ASSETS
ASET TIDAK LANCAR
NON-CURRENT ASSETS
Piutang lain-lain
                                                                        275.000                    115.000              160.000                   139,1%
Other receivables
Dana dibatasi penggunaannya
                                                                        292.783                    165.776              127.007                   76,6%
Restricted funds
Investasi pada entitas asosiasi dan ventura bersama-neto
                                                                       6.155.705                8.974.143           (2.818.438)                 (31,4%)
Investment in associates and joint ventures - net
Aset tetap - neto
                                                                        474.401                    360.716               113.685                  31,5%
Fixed asset - net

Properti investasi - neto
                                                                        751.557                   604.289               147.268                   24,4%
Properti investasi - neto

Aset tak berwujud - neto
Intangible assets - net
   Hak pengusahaan jalan tol
                                                                    111.246.294              66.979.662            44.266.632                     66,1%
   Toll road concessions rights
   Lainnya
                                                                        109.573                      81.074              28.499                   35,2%
   Others
Goodwill                                                                    41.849                   41.849                     0                  0,0%
Aset keuangan lainnya - neto
                                                                        246.677                   349.695              (103.018)               (29,5%)
Other financial assets - net
Aset tidak lancar lainnya - neto
                                                                      1.720.233                 1.094.766              625.467                     57,1%
Other non-current assets - net
Aset derivatif
                                                                             23.142                          -            23.142                100,0%
Derivative assets
TOTAL ASET TIDAK LANCAR
                                                                    121.337.214              78.651.970           42.570.244                      54,1%
Other Non-Current Assets - Net
TOTAL ASET
TOTAL ASSETS
                                                                   129.311.989              91.139.182            38.172.807                      41,9%


                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         335
Page 336
  Total Aset                                                               Total Assets

  Pada tahun 2023, total aset Perseroan tercatat lebih                     In 2023, the Company's total assets was recorded
  tinggi dibandingkan tahun 2022 utamanya disebabkan                       to be higher than in 2022 mainly due to the increase
  oleh peningkatan aset tidak lancar pada aset tak                         in non-current assets in intangible assets - net
  berwujud - neto hak pengusahaan jalan tol dengan                         toll road concession rights with the repurchase of
  dilakukannya pembelian kembali atas Reksa Dana                           Mandiri Infrastruktur Ekuitas Transjawa (MIET) Limited
  Penyertaan Terbatas (RDPT) Mandiri Infrastruktur Ekuitas                 Participation Fund (RDPT) in PT Lintas Marga Jawa (LMJ)
  Transjawa (MIET) di PT Lintas Marga Jawa (LMJ) pada                      on three toll road sections, namely Semarang-Batang,
  tiga ruas jalan tol, yakni Semarang-Batang, Solo-Ngawi,                  Solo-Ngawi, and Ngawi-Kertosono so that the application
  dan Ngawi-Kertosono sehingga berlaku penerapan                           of Financial Accounting Standard (PSAK) 22 on Business
  Penyertaan Standar Akuntansi Keuangan (PSAK) 22                          Combinations is applicable.
  tentang Kombinasi Bisnis.

  Aset Lancar                                                              Current Assets

  Perseroan mencatatkan penurunan aset lancar di tahun                     The Company recorded a decrease in current assets in
  2023 dibandingkan dengan tahun sebelumnya karena                         2023 compared to the previous year due to a decrease
  penurunan kas dan setara kas serta investasi jangka                      in cash and cash equivalents and short-term investments.
  pendek.



                                                               Tabel Aset Lancar
                                                              Table of Current Assets



                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                 (in million Rupiah)

                                                                                                            Pertumbuhan (Penurunan)
                                         Uraian                                                                   Growth (Decrease)
                                                                               2023         2022
                                       Description
                                                                                                                Rp                      %

                                            (1)                                  (2)         (3)            (4) = (2)-(3)         (5) = (4)/(3)
      Kas dan setara kas
                                                                                4.438.951     8.429.118        (3.990.167)                  (47,3%)
      Cash and cash equivalents
      Investasi jangka pendek
                                                                                1.360.795    2.394.007          (1.033.212)                (43,2%)
      Short-term investment
      Piutang lain-lain
                                                                                1.266.347    1.224.992              41.355                    3,4%
      Other receivables
      Persediaan
                                                                                  119.490      98.627              20.863                    21,2%
      Inventories
      Biaya dibayar di muka dan uang muka-neto
                                                                                   95.910      68.276              27.634                   40,5%
      Prepaid expenses and advances-net
      Pajak dibayar di muka
                                                                                  134.956       86.149             48.807                   56,7%
      Prepaid taxes
      Dana dibatasi penggunaannya
                                                                                 558.326           71.043         487.283                 685,9%
      Restricted funds
      TOTAL ASET LANCAR
                                                                                7.974.775   12.372.212        (4.397.437)                 (35,5%)
      TOTAL CURRENT ASSETS



  Kas dan Setara Kas                                                       Cash and Cash Equivalents

  Kas dan setara kas Perseroan tercatat menurun di tahun                   The Company cash and cash equivalents recorded a
  2023 yang utamanya disebabkan oleh penurunan kas                         decrease in 2023 which was mainly due to a decrease in
  tersedia di bank.                                                        cash available at banks.




336      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 337
                                                                      Analisa dan Pembahasan Manajemen
                                                                      Management Discussion and Analysis




                                                  Tabel Kas dan Setara Kas
                                               Table of Cash and Cash Equivalents



                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

                                                                                                                 Pertumbuhan (Penurunan)
                           Uraian                                                                                       Growth (Decrease)
                                                                     2023                      2022
                         Description
                                                                                                                      Rp                     %

                               (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Kas
Cash on Hand
                                                                         13.229                      15.519             (2.290)                (14,8%)

Bank
Bank
                                                                     1.082.613                4.505.364            (3.422.751)                (76,0%)

Deposito Berjangka
Time Deposits
                                                                     3.343.109                3.908.235              (565.126)                 (14,5%)

Total                                                                4.438.951                 8.429.118          (3.990.167)                 (47,3%)



Investasi Jangka Pendek                                          Short Term Investment

Pada tahun 2023, Perseroan mencatakan penurunan                  In 2023, the Company recorded a decrease in short-term
investasi jangka karena pada Juli 2023, terdapat                 investments due to the fact that in July 2023, there is
pengalihan hak kepemilikan atas seluruh saham milik              a transfer of ownership rights over all shares owned by
RDPT MIET pada PT LMJ di 3 ruas jalan tol.                       RDPT MIET in PT LMJ in 3 toll road sections.

                                               Tabel Investasi Jangka Pendek
                                                 Table of Short-term Investment



                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

                                                                                                                 Pertumbuhan (Penurunan)
                           Uraian                                                                                       Growth (Decrease)
                                                                     2023                      2022
                         Description
                                                                                                                      Rp                     %
                               (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Efek yang Diukur pada Nilai Wajar melalui Penghasilan Komprehensif Lain
Marketable Securities Measured at Fair Value Other Comprehensive Income
   KIK DINFRA Toll Road Mandiri-001                                   1.109.651                 1.028.619                81.032                   7,9%
   Reksadana Mandiri Investasi Dana Obligasi Seri II
                                                                           4.530                     4.530                     0                  0,0%
   Mutual Fund Mandiri Investment - Bond II Series
   Reksadana Penyertaan Terbatas MIET
                                                                                   -           1.068.007           (1.068.007)               (100,0%)
   MIET Mutual Fund
Kenaikan Nilai Aset Neto
                                                                       246.614                    292.851              (46.237)                (15,8%)
Increase in Net Assets Value
Total                                                                1.360.795               2.394.007             (1.033.212)                (43,2%)



Piutang Lain-lain - Lancar                                       Other Receivables – Current

Piutang lain-lain lancar di tahun 2023 mengalami                 Current other receivables in 2023 increased compared
peningkatan dibandingkan tahun sebelumnya karena                 to the previous year due to an increase in third party
peningkatan piutang pihak ketiga.                                receivables.




                                                                                                   Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                            337
Page 338
                                                           Tabel Piutang Lain-lain - Lancar
                                                           Table of Other Receivables - Current



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                                      Uraian                                                                         Growth (Decrease)
                                                                                   2023           2022
                                    Description
                                                                                                                   Rp                      %

                                         (1)                                        (2)            (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Piutang Lain-lain Lancar
  Other Receivables - Current
      Pihak Berelasi
                                                                                    344.226         527.578        (183.352)                (34,8%)
      Related Parties
      Pihak Ketiga
                                                                                  1.038.370        828.977         209.393                    25,3%
      Third Parties
      Dikurangi:
      Less:
      Cadangan Kerugian Penurunan Piutang
                                                                                   (116.249)       (131.563)          15.313                  (11,6%)
      Allowance for Impairment Losses
  Sub total                                                                          922.121        697.414        224.706                   32,2%

  Total                                                                           1.266.347       1.224.992          41.354                    3,4%


  Persediaan                                                                  Inventories

  Pada tahun 2023, Perseroan mencatatkan peningkatan                          In 2023, the Company recorded an increase in inventory
  persediaan dibandingkan dengan tahun 2022 utamanya                          compared to 2022 mainly due to an increase in property
  disebabkan oleh peningkatan persediaan properti dari                        inventory from prospective business subsidiaries.
  anak perusahaan bisnis prospektif.

                                                                  Tabel Persediaan
                                                                   Table of Inventories



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                                      Uraian                                                                         Growth (Decrease)
                                                                                   2023           2022
                                    Description
                                                                                                                   Rp                      %

                                         (1)                                        (2)            (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Persediaan Properti
                                                                                     107.985         87.632          20.353                   23,2%
  Property Inventory
  Persediaan Lain-lain
                                                                                          6.788      5.028              1.760                 35,0%
  Other Inventory
  Persediaan Manufaktur
                                                                                          4.717       5.967          (1.250)                (20,9%)
  Manufacturing Inventory
  Total                                                                              119.490        98.627          20.863                     21,2%


  Biaya Dibayar di Muka dan Uang Muka – Neto                                  Prepaid Expenses and Advances – Net

  Pada tahun 2023, biaya dibayar di muka dan uang                             In 2023, prepaid expenses and advances recorded
  muka tercatat meningkat dibandingkan dengan tahun                           an increase compared to the previous year due to an
  sebelumnya karena meningkatnya biaya dibayar dimuka                         increase in prepaid expenses and operational advances.
  dan uang muka operasional.




338   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 339
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                                        Tabel Biaya Dibayar di Muka dan Uang Muka – Neto
                                             Table of Prepaid Expenses and Advances - Net



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                           Uraian                                                                                          Growth (Decrease)
                                                                        2023                      2022
                          Description
                                                                                                                         Rp                     %

                              (1)                                         (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Uang muka pekerjaan
                                                                            39.764                    49.097               (9.333)                (19,0%)
Work advances
Biaya dibayar di muka
                                                                            38.730                     10.886              27.844                255,8%
Prepaid expenses
Uang muka operasional
                                                                             17.416                     8.293                 9.123               110,0%
Operational advances
Total                                                                       95.910                    68.276               27.634                 40,5%


Pajak Dibayar di Muka                                               Prepaid Tax

Pajak dibayar di muka Perseroan di tahun 2023                       The Company's prepaid tax in 2023 increased compared
mengalami     peningkatan    dibandingkan     tahun                 to the previous year, in line with the Company's improved
sebelumnya, seiring dengan kegiatan usaha Perseroan                 business activities which affected the increase in
yang membaik berpengaruh pada peningkatan transaksi                 business transactions.
usaha.

                                                   Tabel Pajak Dibayar di Muka
                                                        Table of Prepaid Taxes


                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                           Uraian                                                                                          Growth (Decrease)
                                                                        2023                      2022
                          Description
                                                                                                                         Rp                     %
                              (1)                                         (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pajak Pertambahan Nilai
                                                                          134.956                      86.149              48.807                   56,7%
Value Added Tax
Total                                                                     134.956                      86.149             48.807                   56,7%



Dana Dibatasi Penggunaannya – Aset Lancar                           Dana Dibatasi Penggunaannya – Aset Lancar

Perseroan mencatatkan adanya peningkatan dana                       The Company recorded an increase in short-term
dibatasi penggunaannya jangka pendek di tahun                       restricted funds in 2023 compared to the previous year
2023 dibandingkan dengan tahun sebelumnya karena                    due to an increase in bank syndication guarantees and
peningkatan jaminan sindikasi bank dan rekening                     revenue trust accounts.
amanat pendapatan tol.




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                           339
Page 340
                                                  Tabel Dana Dibatasi Penggunaannya – Aset Lancar
                                                           Table of Restricted Funds – Current Assets



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                         Rp                      %

                                         (1)                                           (2)               (3)         (4) = (2)-(3)         (5) = (4)/(3)

   Bank
      Rekening Pembebasan Tanah
                                                                                          4.309            4.668              (359)                  (7,7%)
      Land Acquisition Account
      Jaminan Sindikasi Bank
                                                                                      300.240              38.138         262.102                 687,2%
      Syndicated Bank Guarantee
      Jaminan Pelaksanaan
                                                                                                 -             423            (423)              (100,0%)
      Performance Bond
      Rekening Amanat Pendapatan Tol
                                                                                       244.704             17.841        226.863                  1271,6%
      Toll Collection Escrow Account
   Deposito
      Jaminan Pembebasan Tanah
                                                                                             1.728         9.973           (8.245)                 (82,7%)
      Land Acquisition Guarantee
      Jaminan Pelaksanaan
                                                                                          7.345                  -            7.345              (100,0%)
      Performance Bond

   Total                                                                              558.326              71.043         487.283                 685,9%



  Aset Tidak Lancar                                                              Non-Current Assets

  Pada tahun 2023, Perseroan mencatatkan peningkatan                             In 2023, the Company recorded an increase in the
  jumlah aset tidak lancar meningkatnya aset tak berwujud                        amount of non-current assets due to an iincrease in
  - neto hak pengusahaan jalan tol dengan adanya                                 intangible assets - net toll road concession rights with
  pembelian kembali RDPT MIET di PT LMJ pada tiga                                the repurchase of RDPT MIET in PT LMJ on three toll road
  ruas jalan tol sehingga diterapkan efek kombinasi bisnis                       sections so that the effect of a business combination
  berdasarkan PSAK 22.
                                                                  Tabel Aset Tidak Lancar
                                                                  Table of Non-current Assets



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                         Rp                      %

                                         (1)                                           (2)               (3)         (4) = (2)-(3)         (5) = (4)/(3)

   Piutang lain-lain
                                                                                       275.000           115.000          160.000                   139,1%
   Other receivables
   Dana dibatasi penggunaannya
                                                                                       292.783           165.776          127.007                    76,6%
   Restricted funds
   Investasi pada entitas asosiasi dan ventura bersama-neto
                                                                                     6.155.705          8.974.143     (2.818.438)                  (31,4%)
   Investment in associates and joint ventures - net
   Aset tetap - neto
                                                                                       474.401           360.716           113.685                   31,5%
   Fixed assets - net




340   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 341
                                                                    Analisa dan Pembahasan Manajemen
                                                                    Management Discussion and Analysis




                                               Tabel Aset Tidak Lancar
                                                Table of Non-current Assets



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                              Uraian                                                                                  Growth (Decrease)
                                                                   2023                      2022
                           Description
                                                                                                                    Rp                      %

                                 (1)                                 (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)

Properti investasi - neto
                                                                     751.557                   604.289               147.268                   24,4%
Investment properties - net
Aset tak berwujud – neto
Intangible assets - net
   Hak pengusahaan jalan tol
                                                                111.246.294               66.979.662            44.266.632                      66,1%
   Toll road concession rights
   Lainnya
                                                                     109.573                      81.074              28.499                   35,2%
   Others
Goodwill                                                               41.849                     41.849                       0                0,0%
Aset keuangan lainnya - neto
                                                                     246.677                   349.695              (103.018)               (29,5%)
Other financial assets - net
Aset tidak lancar lainnya - neto
                                                                   1.720.233                 1.094.766              625.467                     57,1%
Other non-current assets - net
Aset derivatif
                                                                       23.142                            -             23.142                100,0%
Derivative assets
TOTAL ASET TIDAK LANCAR
TOTAL NON-CURRENT ASSETS
                                                               under PSAK 22 78.766.970
                                                                121.337.214  is applied.                       42.570.244                     54.0%



Piutang Lain-Lain – Tidak Lancar                               Other Receivables - Non-Current

Piutang lain-lain tidak lancar di tahun 2023 tercatat          Non-current other receivables in 2023 recorded an
meningkat dibandingkan dengan tahun 2022 karena                increase compared to 2022 due to non-current other
piutang lain-lain tidak lancar pada pihak berelasi.            receivables from related parties.

                                         Tabel Piutang Lain-lain - Tidak Lancar
                                         Tables of Other Receivables - Non-current



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                              Uraian                                                                                  Growth (Decrease)
                                                                   2023                      2022
                           Description
                                                                                                                    Rp                     %

                                 (1)                                 (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pihak Berelasi
                                                                    275.000                     115.000             160.000                   139,1%
Related Parties
Total                                                               275.000                    115.000              160.000                  139,1%



Dana Dibatasi Pengunaannya - Tidak Lancar                      Restricted Funds - Non-Current

Dana dibatasi penggunaannya di tahun 2023 mengalami            The use of restricted funds in 2023 have increased
peningkatan dibandingkan tahun sebelumnya yang                 compared to the previous year, which was mainly caused
utamanya disebabkan oleh peningkatan jaminan                   by peningkatan jaminan sindikasi bank.
sindikasi bank.




                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                          341
Page 342
                                                Tabel Dana Dibatasi Penggunaannya – Asset Tidak Lancar
                                                            Table of Restricted Funds – Non-Current Assets



                                                                                                                                                  (dalam jutaan Rupiah)
                                                                                                                                                       (in million Rupiah)

                                                                                                                                  Pertumbuhan (Penurunan)
                                        Uraian                                                                                           Growth (Decrease)
                                                                                          2023                 2022
                                     Description
                                                                                                                                       Rp                     %

                                          (1)                                              (2)                   (3)              (4) = (2)-(3)         (5) = (4)/(3)

   Bank
      Jaminan Sindikasi Bank
                                                                                           232.863                 78.131                154.732                198,0%
      Syndicated Bank Guarantee
      Jaminan Pelaksanaan
                                                                                            49.270                57.955                 (8.685)                (15,0%)
      Performance Bond
   Deposito
   Deposits
       Jaminan Sindikasi Bank
                                                                                                5.419                  7.345              (1.926)              (26,2%)
       Syndicated Bank Guarantee
       Jaminan Pemeliharaan
                                                                                                5.231                  5.231                    0                  0,0%
       Maintenance Bond
       Jaminan Pelaksanaan
                                                                                                    -                  17.114             (17.114)            (100,0%)
       Performance Bond

   Total                                                                                   292.783               165.776               127.007                   76,6%



  Investasi pada Entitas Asosiasi dan Ventura                                         Investment in Associates and Joint Ventures –
  Bersama - Neto                                                                      Net

  Penurunan investasi pada entitas asosiasi dan ventura                               Decrease in investment in associates and joint ventures
  bersama - neto Perseroan di tahun 2023 dibandingkan                                 - net of the Company in 2023 compared to the previous
  tahun sebelumnya terutama disebabkan oleh konsolidasi                               year was mainly due to the reconsolidation of 3 toll road
  kembali 3 ruas jalan tol di bawah PT JSB, PT JSN, dan PT                            sections under PT JSB, PT JSN, and PT JNK.
  JNK.

                                         Tabel Investasi pada Entitas Asosiasi dan Ventura Bersama - Neto
                                                    Table of Investment in Associates and Joint Ventures - Net



                                                                                                                                                  (dalam jutaan Rupiah)
                                                                                                                                                       (in million Rupiah)

                                                                                                                                Pertumbuhan (Penurunan)
                                Uraian                                                                                                Growth (Decrease)
                                                                              2023                      2022
                              Description
                                                                                                                                    Rp                         %

                                  (1)                                           (2)                      (3)                    (4) = (2)-(3)           (5) = (4)/(3)

   Perusahaan
   The Company
   Entitas Asosiasi
   Asociate Entity
   PT Trans Lingkar Kita Jaya (TLKJ)                                                  211.271              129.518                        81.753                   63,1%
   PT Citra Bhakti Margatama Persada (CBMP)                                           56.787               56.787                                 0                0,0%
   PT Citra Ganesha Marga Nusantara (CGMN)                                            16.914                   16.914                             0                0,0%




342    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 343
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                              Tabel Investasi pada Entitas Asosiasi dan Ventura Bersama - Neto
                                     Table of Investment in Associates and Joint Ventures - Net



                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                        (in million Rupiah)

                                                                                                                 Pertumbuhan (Penurunan)
                     Uraian                                                                                             Growth (Decrease)
                                                             2023                        2022
                   Description
                                                                                                                       Rp                       %

                       (1)                                     (2)                         (3)                   (4) = (2)-(3)           (5) = (4)/(3)

PT Bukaka Marga Utama (BMU)                                           9.436                      9.436                             0                 0,0%
PT Jasamarga Gedebage Cilacap (JGC)                                  52.975                    52.975                              0                 0,0%
Ventura Bersama
Joint Venture
PT Jasamarga Jogja Solo (JMJ) d/h PT Jogjasolo
                                                                  954.138                    332.308                        621.830                 187,1%
Marga Makmur (JMM)
PT Marga Lingkar Jakarta (MLJ)                                   960.939                     932.810                         28.129                  3,0%
Penyertaan tidak langsung melalui JTT
Indirect investment through JTT
Entitas Asosiasi
Asociate Entity
PT Jasamarga Semarang Batang (JSB)                                         -               1.566.777                   (1.566.777)             (100,0%)
PT Jasamarga Solo Ngawi (JSN)                                              -               1.368.078                   (1.368.078)             (100,0%)
PT Jasamarga Ngawi Kertosono Kediri (JNK)                                  -                644.000                     (644.000)              (100,0%)
PT Jasamarga Pandaan Tol (JPT)                                   445.602                       423.151                       22.451                  5,3%
PT Jasamarga Jalanlayang Cikampek (JJC)                        1.669.543                    1.833.491                    (163.948)                (8,9%)
Ventura Bersama
Joint Venture
PT Trans Marga Jateng (TMJ)                                      847.279                     612.256                      235.023                 38,4%
PT Jasamarga Pandaan Malang (JPM)                               1.057.657                    1.122.417                      (64.760)              (5,8%)
Penyertaan tidak langsung melalui JMRB
Indirect Investment through JMRB
PT PP Sinergi Banjaratma (PPSB)                                       9.276                      9.337                           (61)               (0,7%)
Total Penyertaan
                                                                6.291.817                  9.110.255                 (2.818.438)                (30,9%)
Total Inclusion
Dikurangi:
Deducted:
   Penurunan Nilai Penyertaan pada CBMP
                                                                 (56.787)                    (56.787)                              0                 0,0%
   Impairment of Investment in CBMP
   Penurunan Nilai Penyertaan pada CGMN
                                                                  (16.914)                     (16.914)                            0                 0,0%
   Impairment of Investment in CGMN
   Penurunan Nilai Penyertaan pada BMU
                                                                     (9.436)                   (9.436)                             0                 0,0%
   Impairment of Investment in BMU
   Penurunan Nilai Penyertaan pada JGC
                                                                 (52.975)                    (52.975)                              0              (0,0%)
   Impairment of Investment in JGC
Total                                                          6.155.705                  8.974.143                  (2.818.438)                (31,4%)


Aset Tetap Neto                                                      Fixed Assets - Net

Perseroan mencatatkan peningkatan aset tetap - neto di               The Company recorded an increase in property, plant
tahun 2023 dibandingkan dengan tahun 2022 karena                     and equipment - net in 2023 compared to 2022 due
penambahan aset hak guna, aset tetap pemilikan                       to the addition of right of use assets, direct ownership
langsung, dan aset tetap dalam konstruksi.                           property, plant and equipment under construction.




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                          343
Page 344
                                                               Tabel Aset Tetap Neto
                                                               Table of Fixed Assets - Net



                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                                                                                                              Pertumbuhan (Penurunan)
                                      Uraian                                                                        Growth (Decrease)
                                                                                   2023           2022
                                    Description
                                                                                                                  Rp                      %

                                         (1)                                        (2)            (3)        (4) = (2)-(3)         (5) = (4)/(3)

  Harga Perolehan
  Acquisition Cost
      Aset Tetap Pemilikan Langsung
                                                                                    933.079         799.681        133.398                    16,7%
      Direct Acquisition Assets
      Aset Tetap dalam Konstruksi
                                                                                      21.435         18.737          2.698                    14,4%
      Construction in Progress
      Aset Hak Guna
                                                                                     361.612       224.312         137.300                    61,2%
      Right of Use Assets
      Total Harga Perolehan
                                                                                   1.316.126      1.042.730       273.396                   26,2%
      Total Acquisition Costs
  Akumulasi Penyusutan
  Accumulated Depreciation
      Aset Tetap Pemilikan Langsung
                                                                                    637.349        575.990          61.359                    10,7%
      Direct Acquisition Assets
      Aset Hak Guna
                                                                                    204.376        106.024          98.352                   92,8%
      Right of Use Assets
      Total Akumulasi Penyusutan
                                                                                    841.725        682.014          159.711                 23,4%
      Total Accumulated Depreciations
  Total                                                                             474.401        360.716         113.685                    31,5%


  Properti Investasi - Neto                                                   Investment Property - Net

  Pada tahun 2023, properti investasi Perseroan mengalami                     In 2023, the Company's investment property increased
  peningkatan dibandingkan tahun sebelumnya karena                            compared to the previous year due to additional
  terdapat penambahan biaya perolehan properti investasi                      acquisition cost of investment property, especially in
  terutama pada bangunan tempat peristirahatan,                               the building of rest centres, services, and property in
  pelayanan, dan properti di Klungkung dan Manado                             Klungkung and Manado The property is leased to third
  Properti tersebut disewakan kepada pihak ketiga.                            parties.

                                                           Tabel Properti Investasi - Neto
                                                           Table of Investment Properties - Net


                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                                                                                                              Pertumbuhan (Penurunan)
                                      Uraian                                                                        Growth (Decrease)
                                                                                   2023           2022
                                    Description
                                                                                                                  Rp                      %

                                         (1)                                        (2)            (3)        (4) = (2)-(3)         (5) = (4)/(3)
  Biaya Perolehan
  Acquisition fee
      Properti Investasi
                                                                                    858.426        681.008          177.418                   26,1%
      Investment Properties
  Akumulasi Penyusutan
  Accumulated Depreciation
      Properti Investasi
                                                                                    106.869          76.719          30.150                   39,3%
      Investment Properties
  Total                                                                             751.557        604.289         147.268                  24,4%




344   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 345
                                                                    Analisa dan Pembahasan Manajemen
                                                                    Management Discussion and Analysis




Hak Pengusahaan Jalan Tol - Neto                               Toll Road Concession Rights - Net

Aset tak berwujud hak pengusahaan jalan tol - neto             Intangible assets of toll road concession rights - net
mengalami peningkatan di tahun 2023 dibandingkan               increased in 2023 compared to the previous year
tahun sebelumnya karena penambahan properti                    due to the addition of investment properties with the
investasi dengan pembelian kembali RDPT MIET melalui           repurchase of RDPT MIET through PT LMJ on three toll
PT LMJ pada tiga ruas jalan tol, yakni Semarang-Batang,        road sections, namely Semarang-Batang, Solo-Ngawi,
Solo-Ngawi, dan Ngaw-Kertosono yang menerapkan                 and Ngaw-Kertosono which apply the effects of business
efek kombinasi bisnis berdasarkan PSAK 22.                     combinations under PSAK 22.

                                      Tabel Hak Pengusahaan Jalan Tol – Neto
                                         Table of Toll Road Concession Rights - Net



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                            Uraian                                                                                    Growth (Decrease)
                                                                    2023                     2022
                        Description
                                                                                                                    Rp                     %

                             (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
 Biaya Perolehan
                                                                 128.710.997              80.568.946              48.142.051                  59,8%
 Acquisition Cost
 Akumulasi Amortisasi
                                                                  17.464.703               13.589.284              3.875.419                  28,5%
 Accumulated Amortization
 Total                                                           111.246.294             66.979.662            44.266.632                      66,1%



Aset Tak Berwujud Lainnya - Neto                               Other Intangible Assets - Net

Pada tahun 2023, aset tak berwujud lainnya - neto              In 2023, other intangible assets - net increased compared
mengalami peningkatan dibandingkan tahun sebelumnya            to the previous year due to an increase in software.
disebabkan oleh peningkatan perangkat lunak.

                                      Tabel Aset Tak Berwujud Lainnya – Neto
                                           Table of Other Intangible Assets – Net



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                                                                                               Pertumbuhan (Penurunan)
                            Uraian                                                                                    Growth (Decrease)
                                                                    2023                     2022
                        Description
                                                                                                                    Rp                     %

                             (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
 Biaya Perolehan
 Acquisition Cost
    Perangkat Lunak
                                                                     485.324                    401.960               83.364                   20,7%
    Software
 Akumulasi Penyusutan
                                                                      375.751                  320.886                54.865                    17,1%
 Accumulated Amortization

 Total                                                               109.573                      81.074             28.499                  35,2%



Goodwill                                                       Goodwill

Goodwill Perseroan tidak mengalami peningkatan                 The Company's goodwill has neither increased or
maupun penurunan dari tahun 2022 hingga 2023. Saldo            decreased from 2022 to 2023. Goodwill balance is
goodwill merupakan selisih antara nilai wajar aset neto        the difference between fair value of the Company's
Perseroan yang diakuisisi dari pihak ketiga dengan nilai       net assets acquired from third parties and the overall
akuisisi secara keseluruhan atas akuisisi PT JSM, PT           acquisition value from the acquisitions of PT JSM, PT
JMTM, dan PT JKC.                                              JMTM and PT JKC.

                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                      345
Page 346
                                                                        Tabel Goodwill
                                                                        Table of Goodwill
                                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                                    (in million Rupiah)

                                                                                                                               Pertumbuhan (Penurunan)
                                       Uraian                                                                                         Growth (Decrease)
                                                                                          2023                2022
                                      Description
                                                                                                                                     Rp                     %
                                          (1)                                              (2)                 (3)             (4) = (2)-(3)         (5) = (4)/(3)
  Nilai Tercatat
  Carrying Amount
  Akuisisi PT Jasamarga Surabaya Mojokerto (JSM)
                                                                                           36.880                  36.880                     0                 0,0%
  Acquisition of PT Jasamarga Surabaya Mojokerto (JSM)
  Akuisisi PT Jasamarga Tollroad Maintenance (JMTM)
                                                                                             2.848                  2.848                     0                 0,0%
  Acquisition of PT Jasamarga Tollroad Maintenance (JMTM)
  Akuisisi PT Jasamarga Kunciran Cengkareng (JKC)
                                                                                                 2.121               2.121                    0                 0,0%
  Acquisition of PT Jasamarga Kunciran Cengkareng (JKC)
  Total                                                                                     41.849                 41.849                     0                 0,0%


  Aset Keuangan Lainnya - Neto                                                      Other Financial Assets - Net

  Aset keuangan lainnya - neto di tahun 2023 mengalami                              Other financial assets - net in 2023 haveincreased
  peningkatan dibandingkan tahun sebelumnya karena                                  compared to the previous year due to the effect of
  pengaruh penurunan pencatatan nilai wajar atas PT                                 decrease in fair value recording of PT Kresna Kusuma
  Kresna Kusuma Dyandra Marga (KKDM), PT Hutama                                     Dyandra Marga (KKDM), PT Hutama Marga Waskita
  Marga Waskita (HAMAWAS), dan penyertaan tidak                                     (HAMAWAS), and the Company's indirect investment in
  langsung Perseroan pada PT Fintek Karya Nusantara                                 PT Fintek Karya Nusantara (Finarya) through PT JMTO.
  (Finarya) melalui PT JMTO.

                                                           Tabel Aset Keuangan Lainnya - Neto
                                                             Table of Other Financial Assets - Net


                                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                                (in million Rupiah)

                                                                                                                       Pertumbuhan (Penurunan)
                             Uraian                                                                                            Growth (Decrease)
                                                                          2023                     2022
                           Description
                                                                                                                             Rp                       %
                                (1)                                        (2)                      (3)               (4) = (2)-(3)            (5) = (4)/(3)
  PT Marga Mandala Sakti (MMS)                                                93.498                      72.619               20.879                     28,8%
  PT Citra Margatama Surabaya (CMS)                                           25.585                      12.071                  13.514                  112,0%
  PT Marga Nurindo Bhakti (MNB)                                                       -                        -                      0                     0,0%
  PT Citra Mataram Satriamarga Persada (CMSP)                                         -                        -                      0                     0,0%
  PT Margaraya Jawa Tol (MJT)                                                         -                        -                      0                     0,0%
  PT Makassar Metro Network (MMN) d/h
                                                                                 5.347                    4.349                    998                    22,9%
  PT Bosowa Marga Nusantara (BMN)
  PT Jatim Prasarana Utama (JPU)                                                 1.083                      715                     368                    51,5%
  PT Marga Mawatindo Esprit (MME)                                                     -                        -                      0                     0,0%
  PT Marga Net One Limited (MNOL)                                                     -                        -                      0                     0,0%
  PT Pilar Sinergi BUMN Indonesia (PSBI)                                              -                        -                      0                     0,0%
  PT Kresna Kusuma Dyandra Marga (KKDM)                                               -                   3.003                (3.003)                 (100,0%)
  PT Hutama Marga Waskita (HAMAWAS)                                           22.802                     44.859               (22.057)                  (42,9%)
  Penyertaan tidak langsung melalui JMTO
  Indirect investment through JMTO
  PT Fintek Karya Nusantara (Finarya)                                            97.031              205.079                 (108.048)                    (52,7%)
  Penyertaan tidak langsung melalui JMRB
  Indirect investment through JMRB
  PT Sinergi Colomadu (SC)                                                        1.331                   7.000                (5.669)                    (81,0%)
  Total                                                                     246.677                  349.695                 (103.018)                  (29,5%)



346   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 347
                                                                          Analisa dan Pembahasan Manajemen
                                                                          Management Discussion and Analysis




Aset Tidak Lancar Lainnya - Neto                                      Other Non-Current Assets - Net

Pada tahun 2023, aset tidak lancar lainnya meningkat                  In 2023, other non-current assets increased compared
dibandingkan tahun sebelumnya karena adanya                           to the previous year due to an increase in contractor and
peningkatan uang muka kontraktor dan konsultan.                       consultant advances.

                                               Tabel Aset Tidak Lancar Lainnya - Neto
                                                 Table of Other Non-current Assets – Net



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                            Uraian                                                                                          Growth (Decrease)
                                                                          2023                     2022
                           Description
                                                                                                                          Rp                     %

                               (1)                                         (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
 Tanah dalam Pengembangan
                                                                           763.505                   720.925                42.580                    5,9%
 Land under Development
 Uang Muka Kontraktor dan Konsultan
                                                                           729.587                     34.446               695.141              2.018,1%
 Advances for Contractors and Consultants
 Biaya Prakarsa
                                                                            99.944                    124.960              (25.016)               (20,0%)
 Initiative Cost
 Taksiran Tagihan Pajak Entitas Anak
                                                                            53.942                      117.318            (63.376)               (54,0%)
 Estimated Claim for Tax Refund - Subsidiary
 Uang Muka Pembelian Tanah
                                                                             47.573                     48.001                 (428)                 (0,9%)
 Advances for Purchase of Land
 Aset Diambil Alih
                                                                             26.102                     26.102                     0                  0,0%
 Foreclosed Assets
 Uang Muka Biaya Fasilitas Pinjaman
                                                                               8.522                   36.468              (27.946)               (76,6%)
 Advances for Loans Facility Fee
 Uang Muka Setoran Modal
                                                                               2.365                           -              2.365                100,0%
 Advances for Capital Invetsment
 Lainnya
                                                                               17.160                   12.648                 4.512                 35,7%
 Others
 Cadangan Kerugian Penurunan Nilai
 Allowance for Impairment Losses
    Aset Diambil Alih
                                                                            (26.102)                  (26.102)                     0                  0,0%
    Foreclosed Assets
    Uang Muka Setoran Modal
                                                                            (2.365)                            -            (2.365)                100,0%
    Advances for Capital Invetsment
 Total Penurunan Nilai
                                                                           (28.467)                   (26.102)              (2.365)                    9,1%
 Total Impairment Losses
 Total - Bersih
                                                                          1.720.233               1.094.766               625.467                    57,1%
 Total - Net


Liabilitas                                                            Liabilitas

Perseroan mencatatkan total liabilitas yang meningkat di              The Company recorded higher total liabilities in 2023
tahun 2023 dibandingkan tahun 2022 yang disebabakan                   compared to 2022 due to the reconsolidation of three
oleh terkonsolidasinya kembali tiga ruas jalan tol, yakni             toll road sections, namely Semarang-Batang, Solo-
Semarang-Batang, Solo-Ngawi, dan Ngawi-Kertosono                      Ngawi, and Ngawi-Kertosono on the Company's balance
pada neraca Perseroan sebagai pengaruh dari                           sheet as a result of the repurchase of RDPT MIET in PT
pembelian kembali RDPT MIET pada PT LMJ melalui PT                    LMJ through PT JTT in July 2023.
JTT pada Juli 2023.




                                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                            347
Page 348
                                                           Tabel Liabilitas
                                                           Table of Liabilities



                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                (in million Rupiah)

                                                                                                           Pertumbuhan (Penurunan)
                                      Uraian                                                                     Growth (Decrease)
                                                                           2023             2022
                                    Description
                                                                                                               Rp                      %
                                         (1)                                 (2)             (3)           (4) = (2)-(3)         (5) = (4)/(3)
  LIABILITAS/ LIABILITY
  LIABILITAS JANGKA PENDEK
  CURRENT LIABILITIES
  Utang usaha
                                                                             179.230          134.726            44.504                    33,0%
  Accounts payable
  Utang kontraktor
                                                                             560.316          457.783           102.533                   22,4%
  Contractors payable
  Utang pajak
                                                                             363.898         785.809            (421.911)                (53,7%)
  Taxes payable
  Beban akrual
                                                                           8.120.532       5.224.379          2.896.153                   55,4%
  Accrued expenses
  Utang bank
                                                                           4.499.415         1.853.174        2.646.241                  142,8%
  Bank loans
  Utang lembaga keuangan bukan bank
                                                                             908.102                   -        908.102                  100,0%
  Non-bank financial institutions loan
  Liabilitas jangka panjang yang jatuh tempo dalam satu tahun:
  Current maturities of long - term liabilities:
      Utang bank
                                                                          5.072.042           360.177          4.711.865              1.308,2%
      Bank loans
      Utang lembaga keuangan bukan bank
                                                                            200.000                    -       200.000                   100,0%
      Non-bank financial institutions loan
      Utang Obligasi
                                                                                       -    1.100.350        (1.100.350)               (100,0%)
      Bonds payable
      Liabilitas pembebasan tanah
                                                                           1.298.843         838.542            460.301                   54,9%
      Land acquisition liabilities
      Liabilitas sewa
                                                                                  72.631      29.379             43.252                  147,2%
      Lease liabilities
      Provisi pelapisan jalan tol
                                                                             541.854         493.242             48.612                     9,9%
      Toll provision for overlay
      Pendapatan diterima di muka
                                                                                  46.724      139.659          (92.935)                 (66,5%)
      Unearned income
      Liabilitas imbalan kerja
                                                                                   1.794           1.794               0                    0,0%
      Employee benefits liabilities
  Liabilitas keuangan jangka pendek lainnya
                                                                             955.782         723.974            231.808                   32,0%
  Other short-term financial liabilities
  TOTAL LIABILITAS JANGKA PENDEK
                                                                          22.821.163       12.142.988       10.678.175                    87,9%
  TOTAL CURRENT LIABILITIES
  LIABILITAS JANGKA PANJANG
  NON-CURRENT LIABILITIES
  Liabilitas pajak tangguhan
                                                                          5.651.292         1.634.980         4.016.312                 245,6%
  Deferred tax liabilities
  Utang kontraktor jangka panjang
                                                                             488.130          213.454           274.676                  128,7%
  Long-term contractors payable
  Beban akrual jangka panjang
                                                                             715.029         693.945             21.084                     3,0%
  Long-term accrued expenses




348   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 349
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                                                        Tabel Liabilitas
                                                        Table of Liabilities



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                             Uraian                                                                                        Growth (Decrease)
                                                                        2023                      2022
                           Description
                                                                                                                         Rp                     %
                                 (1)                                      (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo dalam satu tahun:
Long-term liabilities - net of the portion that is due in one year:
   Utang bank
                                                                      57.046.445                46.687.743            10.358.702                   22,2%
   Bank loans
   Utang lembaga keuangan bukan bank
                                                                                      -             200.000            (200.000)                (100,0%)
   Non-bank financial institution loan
   Utang obligasi
                                                                          897.353                   895.770                   1.583                  0,2%
   Bonds payable
   Liabilitas pembebasan tanah
                                                                          251.067                   859.008              (607.941)               (70,8%)
   Land acquisition liabilities
   Liabilitas sewa
                                                                               57.385                     91.114          (33.729)                (37,0%)
   Lease liabilities
   Provisi pelapisan jalan tol
                                                                          731.649                   475.964              255.685                    53,7%
   Provision for overlay
   Pendapatan diterima di muka
                                                                               73.683                          -           73.683                 100,0%
   Unearned income
   Liabilitas imbalan kerja jangka panjang
                                                                         1.316.108                 1.256.108               60.000                    4,8%
   Long-term employee benefits liabilities
Liabilitas derivatif
                                                                                67.171                 90.748             (23.577)               (26,0%)
Derivative liabilities
Liabilitas jangka panjang lainnya
                                                                         284.308                     275.971                 8.337                   3,0%
Other long-term liabilities
TOTAL LIABILITAS JANGKA PANJANG
                                                                      67.579.620              53.374.805             14.204.815                   26,6%
TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITAS
                                                                      90.400.783                65.517.793          24.882.990                    38,0%
TOTAL LIABILITIES


Liabilitas Jangka Pendek                                            Current Liabilities

Pada tahun 2023, jumlah liabilitas jangka pendek                    In 2023, total current liabilities increased compared to
mengalami    peningkatan     dibandingkan     tahun                 the previous year mainly due to an increase in bank
sebelumnya utamanya disebabkan oleh peningkatan                     debt with the reconsolidation of Semarang-Batang, Solo-
utang bank dengan terkonsolidasinya kembali                         Ngawi, and Ngawi-Kertosono.
Semarang-Batang, Solo-Ngawi, dan Ngawi-Kertosono.

                                               Tabel Liabilitas Jangka Pendek
                                                    Table of Current Liabilities



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                             Uraian                                                                                        Growth (Decrease)
                                                                        2023                      2022
                           Description
                                                                                                                         Rp                     %
                                 (1)                                      (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Utang usaha
                                                                          179.230                    134.726               44.504                   33,0%
Accounts payable
Utang kontraktor
                                                                          560.316                    457.783              102.533                  22,4%
Contractors payable
Utang pajak
                                                                         363.898                    785.809               (421.911)               (53,7%)
Taxes payable


                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                           349
Page 350
                                                           Tabel Liabilitas Jangka Pendek
                                                               Table of Current Liabilities



                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                        (in million Rupiah)

                                                                                                                   Pertumbuhan (Penurunan)
                                      Uraian                                                                             Growth (Decrease)
                                                                                   2023             2022
                                    Description
                                                                                                                       Rp                      %
                                         (1)                                         (2)             (3)           (4) = (2)-(3)         (5) = (4)/(3)
  Beban akrual
                                                                                   8.120.532       5.224.379          2.896.153                   55,4%
  Accrued expenses
  Utang bank
                                                                                  4.499.415          1.853.174        2.646.241                  142,8%
  Bank loans
  Utang lembaga keuangan bukan bank
                                                                                     908.102                   -        908.102                  100,0%
  Non-bank financial institutions loan
  Liabilitas jangka panjang yang jatuh tempo dalam satu tahun :
  Current Maturities of Long-term Liabilities
      Utang bank
                                                                                  5.072.042           360.177          4.711.865              1.308,2%
      Bank loans
      Utang lembaga keuangan bukan bank
                                                                                    200.000                    -       200.000                   100,0%
      Non-bank financial institutions loan
      Utang Obligasi
                                                                                               -    1.100.350        (1.100.350)               (100,0%)
      Bonds payable
      Liabilitas pembebasan tanah
                                                                                  1.298.843          838.542            460.301                   54,9%
      Land acquisition liabilities
      Liabilitas sewa
                                                                                       72.631         29.379             43.252                  147,2%
      Lease liabilities
      Provisi pelapisan jalan tol
                                                                                     541.854         493.242             48.612                     9,9%
      Provision for overlay
      Pendapatan diterima di muka
                                                                                      46.724          139.659          (92.935)                 (66,5%)
      Unearned revenue
      Liabilitas imbalan kerja
                                                                                           1.794           1.794               0                    0,0%
      Employee benefits liabilities
  Liabilitas keuangan jangka pendek lainnya
                                                                                    955.782          723.974            231.808                   32,0%
  Other short-term financial liabilities
  TOTAL LIABILITAS JANGKA PENDEK
                                                                                 22.821.163        12.142.988        10.678.175                   87,9%
  TOTAL CURRENT LIABILITIES


  Utang Usaha                                                                  Accounts Payable

  Perseroan mencatatkan peningkatan utang usaha di                             The Company recorded an increase in trade payables in
  tahun 2023 dibandingkan tahun sebelumnya karena                              2023 compared to the previous year due to an increase
  peningkatan utang usaha kepada PT Armada Lintas                              in trade payables to PT Armada Lintas Nusa and other
  Nusa dan pihak ketiga lainnya.                                               third parties.

                                                                Tabel Utang Usaha
                                                               Table of Accounts Payable



                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                        (in million Rupiah)

                                                                                                                   Pertumbuhan (Penurunan)
                                      Uraian                                                                             Growth (Decrease)
                                                                                   2023             2022
                                    Description
                                                                                                                       Rp                      %
                                         (1)                                         (2)             (3)           (4) = (2)-(3)         (5) = (4)/(3)
  Pihak Berelasi
                                                                                        9.523              6.821           2.702                   39,6%
  Related Parties
  Pihak Ketiga
                                                                                     169.707         127.905             41.802                   32,7%
  Third Parties
  Total                                                                              179.230         134.726            44.504                   33,0%


350   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 351
                                                                 Analisa dan Pembahasan Manajemen
                                                                 Management Discussion and Analysis




Utang Kontraktor                                             Contractor Payables

Utang kontraktor jangka pendek di tahun 2023                 Short-term contractor payables in 2023 increased
mengalami      peningkatan     dibandingkan      tahun       compared to the previous year due to an increase in
sebelumnya yang disebabkan oleh peningkatan utang            contractor payables both with KSO Adhi-Abipraya-MKN,
kontraktor baik dengan KSO Adhi-Abipraya-MKN, KSO            KSO PP-Waskita-Wika, related parties, and other third
PP-Waskita-Wika, pihak berelasi, dan pihak ketiga lain-      parties.
lain.
                                              Tabel Utang Kontraktor
                                             Table of Contractors Payables



                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                 (in million Rupiah)

                                                                                                            Pertumbuhan (Penurunan)
                         Uraian                                                                                    Growth (Decrease)
                                                                 2023                     2022
                       Description
                                                                                                                 Rp                     %
                           (1)                                    (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pihak Berelasi
                                                                  336.172                   241.416                94.756                   39,3%
Related Parties
Pihak Ketiga
                                                                  224.144                   216.367                   7.777                  3,6%
Third Parties
Total                                                             560.316                   457.783              102.533                  22,4%


Utang Pajak                                                  Tax Payable

Utang pajak Perseroan di tahun 2023 mengalami                The Company's tax payable in 2023 decreased
penurunan dibandingkan tahun sebelumnya utamanya             compared to the previous year mainly due to a decrease
disebabkan penurunan utang pajak di level Perseroan.         in tax payable at the Company level.

                                                 Tabel Utang Pajak
                                                Table of Taxes Payable



                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                 (in million Rupiah)

                                                                                                            Pertumbuhan (Penurunan)
                         Uraian                                                                                    Growth (Decrease)
                                                                 2023                     2022
                       Description
                                                                                                                 Rp                     %
                           (1)                                    (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Perseroan
                                                               239.156                  636.346              (397.190)              (62,4%)
Company
Entitas Anak
                                                                124.742                 149.463               (24.721)               (16,5%)
Subsidiaries
Total                                                          363.898                 785.809               (421.911)              (53,7%)


Beban Akrual Jangka Pendek                                   Current Accrued Expenses

Pada tahun 2023, beban akrual jangka pendek                  In 2023, the Company's current accrued expenses have
Perseroan mengalami peningkatan dibandingkan tahun           increased compared to the previous year, mainly due
sebelumnya terutama disebabkan oleh jatuh tempo              to the maturity of contractor fees and consultant fees
beban kontraktor dan beban konsultan yang harus              payable under one year.
dibayar di bawah satu tahun.

Utang Bank Jangka Pendek                                     Short-term Bank Loan

Utang bank jangka pendek di tahun 2023 meningkat             Short-term bank debt in 2023 increased compared to
dibandingkan tahun sebelumnya karena peningkatan             the previous year due to an increase in short-term bank
utang bank jangka pendek baik pihak berelasi dan pihak       debt both related parties and third parties.
ketiga.

                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                       351
Page 352
                                                                  Tabel Utang Bank Jangka Pendek
                                                                      Table of Short-term Bank Loans



                                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                                        (in million Rupiah)

                                                                                                                                   Pertumbuhan (Penurunan)
                                        Uraian                                                                                           Growth (Decrease)
                                                                                             2023               2022
                                      Description
                                                                                                                                        Rp                     %
                                           (1)                                                 (2)                   (3)           (4) = (2)-(3)         (5) = (4)/(3)
      Pihak Berelasi
                                                                                            2.726.257           1.598.442               1.127.815                  70,6%
      Related Parties
      Pihak Ketiga
                                                                                             1.773.158               254.732           1.518.426                 596,1%
      Third Parties
      Total                                                                                 4.499.415           1.853.174             2.646.241                 142,8%


  Utang Lembaga Keuangan Bukan Bank                                                     Utang Lembaga Keuangan Bukan Bank

  Utang lembaga keuangan bukan bank mengalami                                           Debt of non-bank financial institutions experienced
  peningkatan di tahun 2023 disebabkan oleh penarikan                                   increase in 2023 due to the withdrawal of loans made
  pinjaman yang dilakukan Perseroan dari PT Sarana Multi                                by the Company from PT Sarana Multi Infrastructure
  Infrastruktur (Persero).                                                              (Persero).

                                                        Tabel Utang Lembaga Keuangan Bukan Bank
                                                                Table of Non-Bank Financial Institution Debt



                                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                                        (in million Rupiah)

                                                                                                                                   Pertumbuhan (Penurunan)
                                       Uraian                                                                                            Growth (Decrease)
                                                                                           2023                2022
                                     Description
                                                                                                                                       Rp                      %

                                          (1)                                                (2)                    (3)            (4) = (2)-(3)        (5) = (4)/(3)
      Pihak Berelasi
                                                                                             908.102                       -            908.102                  100,0%
      Related Parties
      Total                                                                                  908.102                       -            908.102                 100,0%



  Liabilitas Jangka Panjang yang Jatuh Tempo                                            Non-Current Maturities of Long-term Liabilities
  dalam Satu Tahun

  Liabilitas jangka panjang yang jatuh tempo dalam                                      Long-term liabilities due within one year in 2023 has
  satu tahun di tahun 2023 mengalami peningkatan                                        increased compared to 2022 due to an increase in and
  dibandingkan tahun 2022 karena peningkatan utang                                      non-bank financial institutions payable
  bank dan utang lembaga keuangan bukan bank.

                                        Tabel Liabilitas Jangka Panjang yang Jatuh Tempo dalam Satu Tahun
                                                             Table of Current Maturities of Long-term Liabilities



                                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                                        (in million Rupiah)

                                                                                                                                   Pertumbuhan (Penurunan)
                                        Uraian                                                                                           Growth (Decrease)
                                                                                             2023               2022
                                      Description
                                                                                                                                        Rp                     %
                                           (1)                                                 (2)                   (3)           (4) = (2)-(3)         (5) = (4)/(3)
      Utang Bank
                                                                                            5.072.042                 360.177          4.711.865              1.308,2%
      Bank Loans
      Utang Lembaga Keuangan Bukan Bank
                                                                                              200.000                          -        200.000                  100,0%
      Non-Bank Financial Institutions Loan




352     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 353
                                                                               Analisa dan Pembahasan Manajemen
                                                                               Management Discussion and Analysis




                                Tabel Liabilitas Jangka Panjang yang Jatuh Tempo dalam Satu Tahun
                                               Table of Current Maturities of Long-term Liabilities



                                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                                (in million Rupiah)

                                                                                                                           Pertumbuhan (Penurunan)
                                Uraian                                                                                            Growth (Decrease)
                                                                               2023                     2022
                              Description
                                                                                                                                 Rp                    %
                                    (1)                                          (2)                      (3)              (4) = (2)-(3)         (5) = (4)/(3)
Utang Obligasi
                                                                                            -            1.100.350            (1.100.350)              (100,0%)
Bonds payable
Liabilitas Pembebasan Tanah
                                                                              1.298.843                   838.542                460.301                  54,9%
Land Acquisition Liabilities
Laibilitas Sewa
                                                                                  72.631                    29.379                43.252                  147,2%
Lease Liabilities
Provisi Pelapisan Jalan Tol
                                                                                541.854                   493.242                 48.612                    9,9%
Provision for Overlay
Pendapatan diterima di muka
                                                                                  46.724                   139.659               (92.935)               (66,5%)
Unearned revenue
Liabilitas Imbalan Kerja
                                                                                       1.794                    1.794                      0                0,0%
Employee Benefits Liability
Total                                                                         7.233.888                 2.963.143            4.270.745                    144,1%

Liabilitas Keuangan Jangka Pendek Lainnya                                  Other Current Financial Liabilities

Perseroan mencatatkan peningkatan pada liabilitas                          The Company recorded an increase in other current
keuangan jangka pendek lainnya di tahun 2023                               financial liabilities in 2023 compared to the previous
dibandingkan tahun sebelumnya disebabkan oleh                              year due to an increase in entrustment payable and loan
peningkatan utang titipan dan utang pinjaman afiliasi                      payable of TMJ affiliates.
TMJ.

                                            Tabel Liabilitas Keuangan Jangka Pendek Lainnya
                                                 Table of Other Short-term Financial Liabilties



                                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                                (in million Rupiah)

                                                                                                                         Pertumbuhan (Penurunan)
                        Uraian                                                                                                 Growth (Decrease)
                                                                       2023                     2022
                       Description
                                                                                                                            Rp                        %

                              (1)                                       (2)                       (3)                   (4) = (2)-(3)          (5) = (4)/(3)
Pihak Ketiga
Third parties
   Utang Titipan
                                                                         321.308                    209.612                    111.696                     53,3%
   Deposite Payable
   Utang Pencadangan (Multi Lane Free Flow)
                                                                         257.096                    258.638                      (1.542)                   (0,6%)
   Provisions for Multi Lane Free Flow
   Utang Pinjaman Afiliasi TMJ
                                                                          162.518                    42.000                    120.518                  286,9%
   Due to Related Party - TMJ
   Utang Jaminan Pihak Lain
                                                                           29.446                     77.080                  (47.634)                    (61,8%)
   Guarantee Payable
   Lainnya (di bawah Rp2.000)
                                                                          185.414                    136.644                   48.770                      35,7%
   Others (each below Rp2.000)
Total                                                                    955.782                   723.974                   231.808                      32,0%




                                                                                                            Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                   353
Page 354
  Liabilitas Jangka Panjang                                                    Non-Current Liabilities

  Liabilitas jangka panjang Perseroan di tahun 2023                            The Company's long-term liabilities in 2023 increased
  mengalami peningkatan dibandingkan tahun sebelumnya                          compared to the previous year mainly due to an increase
  terutama disebabkan oleh peningkatan liabilitas pajak                        in deferred tax liabilities and long-term contractor
  tangguhan dan utang kontraktor jangka panjang.                               payables.

                                                           Tabel Liabilitas Jangka Panjang
                                                             Table of Non-current Liabilities



                                                                                                                                      (dalam jutaan Rupiah)
                                                                                                                                           (in million Rupiah)

                                                                                                                      Pertumbuhan (Penurunan)
                                      Uraian                                                                                Growth (Decrease)
                                                                                   2023               2022
                                    Description
                                                                                                                          Rp                      %
                                         (1)                                         (2)               (3)            (4) = (2)-(3)         (5) = (4)/(3)
  Liabilitas pajak tangguhan
                                                                                  5.651.292           1.634.980          4.016.312                 245,6%
  Deferred tax liabilities
  Utang kontraktor jangka panjang
                                                                                     488.130           213.454             274.676                  128,7%
  Long-term contractors payable
  Beban akrual jangka panjang
                                                                                     715.029           693.945              21.084                     3,0%
  Long-term accrued expenses
  Liabilitas jangka panjang - setelah dikurangi bagian yang jatuh tempo dalam satu tahun :
  Long-term liabilities – net of current maturities
      Utang bank
                                                                                57.046.445           46.687.743        10.358.702                    22,2%
      Bank loans
      Utang lembaga keuangan bukan bank
                                                                                                -     200.000            (200.000)                (100,0%)
      Non-bank financial institutions loan
      Utang obligasi
                                                                                    897.353            895.770                 1.583                   0,2%
      Bonds payable
      Liabilitas pembebasan tanah
                                                                                     251.067           859.008            (607.941)                (70,8%)
      Land acquisition liabilities
      Liabilitas sewa
                                                                                      57.385                 91.114        (33.729)                 (37,0%)
      Lease liabilities
      Provisi pelapisan jalan tol
                                                                                     731.649           475.964            255.685                     53,7%
      Provision for overlay
      Liabilitas derivatif
                                                                                      73.683                      -         73.683                  100,0%
      Derivative liabilities
      Liabilitas imbalan kerja jangka panjang
                                                                                   1.316.108          1.256.108             60.000                     4,8%
      Long-term employee benefits liabilities
  Liabilitas Derivatif
                                                                                       67.171           90.748             (23.577)                (26,0%)
  Derivative Liability
  Liabilitas jangka panjang lainnya
                                                                                    284.308            275.971                8.337                    3,0%
  Other long term liabilities
  TOTAL LIABILITAS JANGKA PANJANG
                                                                                 67.579.620         53.374.805         14.204.815                   26.6%
  TOTAL NON-CURRENT LIABILITIES



  Liabilitas Pajak Tangguhan                                                   Deferred Tax Liabilities

  Pada tahun 2023, liabilitas pajak tangguhan mengalami                        In 2023, deferred tax liabilities increased compared to
  peningkatan    dibandingkan        tahun   sebelumnya                        the previous year due to the effect of reconsolidation of
  disebabkan oleh efek konsolidasi kembali atas tiga ruas                      three toll road sections.
  jalan tol.




354   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 355
                                                                   Analisa dan Pembahasan Manajemen
                                                                   Management Discussion and Analysis




Utang Kontraktor Jangka Panjang                                Long-term Contractor Payable

Utang kontraktor jangka panjang di tahun 2023                  Long-term contractors' payables in 2023 increased
mengalami peningkatan        dibandingkan tahun                compared to the previous year due to the increase in
sebelumnya karena penigkatan utang atas KSO Adhi-              payables for KSO Adhi-Abipraya-MKN and KSO PP-
Abipraya-MKN dan KSO PP-Waskita-Wika.                          Waskita-Wika.

                                        Tabel Utang Kontraktor Jangka Panjang
                                           Table of Long-term Contractor Payable



                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                                                                                                              Pertumbuhan (Penurunan)
                           Uraian                                                                                    Growth (Decrease)
                                                                   2023                     2022
                          Description
                                                                                                                   Rp                     %
                              (1)                                   (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pihak Berelasi
                                                                    267.658                    213.454               54.204                  25,4%
Related Parties
Pihak Ketiga
                                                                    220.472                             -          220.472                  100,0%
Third Parties
Total                                                                488.130                  213.454              274.676                 128,7%


Beban Akrual Jangka Panjang                                    Long-term Accrued Expenses

Beban akrual jangka panjang di tahun 2023 mengalami            Long-term accrued expenses in 2023 increased
peningkatan dibandingkan tahun sebelumnya utamanya             compared to the previous year mainly due to an increase
disebabkan oleh peningkatan beban kontraktor dan               in contractor and consultant expenses.
konsultan.

                                         Tabel Beban Akrual Jangka Panjang
                                           Table of Long-term Accrued Expenses



                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                                                                                                              Pertumbuhan (Penurunan)
                           Uraian                                                                                    Growth (Decrease)
                                                                   2023                     2022
                          Description
                                                                                                                   Rp                     %
                              (1)                                   (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Beban Kontraktor dan Konsultan
                                                                  5.363.983                2.969.423             2.394.560                   80,6%
Contractors and Consultant Expense
Beban Umum dan Administrasi
                                                                  1.588.273                  1.261.019              327.254                  26,0%
General and Administrative Expenses
Akrual Insentif Kinerja
                                                                    936.739                   932.930                 3.809                    0,4%
Performance Incentive Accrual
Hutang investasi ke Pemerintah
                                                                    715.029                   549.674               165.355                   30,1%
Government’s Invesment Liability
Beban Bunga
                                                                    226.538                     191.563              34.975                   18,3%
Interest Expense
Lain-Lain
                                                                        4.999                     13.715              (8.716)              (63,6%)
Others
Total                                                             8.835.561                5.918.324             2.917.237                  49,3%
Dikurangi Bagian Lancar
                                                                  8.120.532                5.224.379              2.896.153                  55,4%
Net of Current Portion
Bagian Tidak Lancar
                                                                    715.029                  693.945                 21.084                   3,0%
Non-current Portion




                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     355
Page 356
  Liabilitas Jangka Panjang-Setelah Dikurangi                                       Non-Current Liabilities – Net of Current
  Bagian yang Jatuh Tempo dalam Satu Tahun                                          Maturities

  Pada tahun 2023, liabilitas jangka panjang – setelah                              In 2023, long-term liabilities - net of current maturities
  dikurangi bagian yang jatuh tempo dalam satu                                      increased compared to the previous year due to
  tahun mengalami peningkatan dibandingkan tahun                                    increases in bank loans, toll road resurfacing provisions,
  sebelumnya karena peningkatan utang bank, provisi                                 and deferred revenue.
  pelapisan jalan tol, dan pendapatan ditangguhkan.

                     Tabel Liabilitas Jangka Panjang-Setelah Dikurangi Bagian yang Jatuh Tempo dalam Satu Tahun
                                                     Table of Long-term Liabilities - Net of Current Maturities


                                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                                 (in million Rupiah)

                                                                                                                            Pertumbuhan (Penurunan)
                                      Uraian                                                                                      Growth (Decrease)
                                                                                         2023              2022
                                    Description
                                                                                                                                Rp                      %
                                         (1)                                              (2)                (3)            (4) = (2)-(3)         (5) = (4)/(3)
  Utang Bank
                                                                                      57.046.445          46.687.743         10.358.702                    22,2%
  Bank Loans
  Utang Lembaga Keuangan Bukan Bank
                                                                                                     -       200.000           (200.000)                (100,0%)
  Non-Bank Financial Institutions Loan
  Utang Obligasi
                                                                                          897.353            895.770                 1.583                   0,2%
  Bonds Payable
  Liabilitas Pembebasan Tanah
                                                                                          251.067            859.008            (607.941)                (70,8%)
  Land Acquisition Liabilities
  Liabilitas Sewa
                                                                                            57.385                 91.114        -33.729                  (37,0%)
  Lease Liabilities
  Provisi Pelapisan Jalan Tol
                                                                                          731.649            475.964            255.685                     53,7%
  Provision for Overlay
  Pendapatan Diterima Di Muka
                                                                                            73.683                      -         73.683                  100,0%
  Unearned Revenue
  Liabilitas imbalan kerja jangka panjang
                                                                                         1.316.108          1.256.108             60.000                     4,8%
  Long-Term Employee Benefits Liabilities
  Total                                                                               60.373.690         50.465.707           9.907.983                     19,6%


  Liabilitas Derivatif                                                              Derivative Liabilities

  Liabilitas derivatif mengalami penurunan pada tahun                               Derivative liabilities decreased in 2023 as potential
  2023 seiring penurunan potensi kerugian atas kontrak                              losses on derivative transaction contracts decreased.
  transaksi derivatif.

                                                                   Tabel Liabilitas Derivatif
                                                                   Table of Derivative Liabilities



                                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                                 (in million Rupiah)

                                                                                                                            Pertumbuhan (Penurunan)
                                      Uraian                                                                                      Growth (Decrease)
                                                                                         2023              2022
                                    Description
                                                                                                                                Rp                      %
                                         (1)                                              (2)                (3)            (4) = (2)-(3)         (5) = (4)/(3)
  Lindung Nilai Arus Kas
                                                                                             67.171               90.748         (23.577)                (26,0%)
  Cash Flow Hedging
  Total                                                                                      67.171           90.748            (23.577)                (26,0%)




356   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 357
                                                                       Analisa dan Pembahasan Manajemen
                                                                       Management Discussion and Analysis




Liabilitas Jangka Panjang Lainnya                                   Other Non-Current Liabilities

Perseroan mencatatkan peningkatan liabilitas jangka                 The Company recorded an increase in other long-
panjang lainnya dibandingkan tahun sebelumnya karena                term liabilities compared to the previous year due
adanya peningkatan porsi pinjaman pemegang saham                    to an increase in the portion of shareholder loans to
kepada anak usaha lini bisnis konsesi jalan tol.                    subsidiaries in the toll road concession business line.




Ekuitas
Equity

Ekuitas Perseroan di tahun 2023 mengalami peningkatan               The Company's equity in 2023 has increased compared
dibandingkan tahun sebelumnya. Hal ini karena                       to the previous year. This is due to an increase in the
peningkatan kontribusi pencapaian kinerja laba bersih di            contribution of achieving net profit performance in 2023.
tahun 2023.
                                                         Tabel Ekuitas
                                                         Table of Equity


                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

                                                                                                                   Pertumbuhan (Penurunan)
                                 Uraian                                                                                   Growth (Decrease)
                                                                            2023                    2022
                               Description
                                                                                                                         Rp                   %
                                    (1)                                      (2)                      (3)           (4) = (2)-(3)      (5) = (4)/(3)

 EKUITAS/ EQUITY
 Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk
 Equity Attributable to Owners of the Parent Entity
 Modal saham - nilai nominal Rp 500 (rupiah penuh) per saham
 Modal dasar 19.040.000.000 saham
 Modal ditempatkan dan disetor penuh - 1 saham seri A Dwiwarna
 dan 7.257.871.199 saham seri B                                            3.628.936               3.628.936                     0                0,0%
 Capital stock - Rp500 per value (full amount) per share
 Authorized - 19,040,000,000 shares Issued and fully paid - 1
 series and 7,257,871,199 series B shares
 Tambahan modal disetor - neto
                                                                           3.997.085               3.997.085                     0                0,0%
 Additional paid in capital - net
 Selisih atas transaksi entitas nonpengendali
                                                                             (51.064)                 (46.482)            (4.582)                 9,9%
 Difference from non-controlling interest transaction
 Saldo laba
 Retained earnings
    Telah ditentukan penggunaannya
                                                                           8.971.304                8.971.304                    0                0,0%
    Appropriated
    Belum ditentukan penggunaannya
                                                                           13.697.656              7.453.482           6.244.174                83,8%
    Unappropriated
 Penghasilan komprehensif lain:
 Other comprehensive income:
    Kerugian yang belum direalisasi dari aset keuangan pada nilai
    wajar                                                                  (1.166.806)             (1.049.514)          (117.292)                 11,2%
    Unrealized loss on financial assets at fair value
    Kerugian liabilitas derivatif lindung nilai
                                                                             (50.675)               (100.596)             49.921              (49,6%)
    Loss on Hedge Derivative Liability
 Pengukuran kembali liabilitas imbalan kerja jangka panjang
                                                                           (1.134.999)            (1.028.612)          (106.387)                  10,3%
 Remeasurements of long-term employee benefits liability




                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        357
Page 358
                                                                     Tabel Ekuitas
                                                                      Table of Equity


                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                      Pertumbuhan (Penurunan)
                                        Uraian                                                                              Growth (Decrease)
                                                                                         2023            2022
                                      Description
                                                                                                                           Rp                     %
                                           (1)                                                (2)          (3)        (4) = (2)-(3)        (5) = (4)/(3)

  Ekuitas Neto yang Dapat diatribusikan kepada:
  Net equity attributable to:
      Pemilik entitas induk
                                                                                        27.891.437     21.825.603       6.065.834                     27,8%
      Owner of the parent entity
      Kepentingan non pengendali
                                                                                        11.019.769       3.795.786       7.223.983                 190,3%
      Non-controlling interests
  TOTAL EKUITAS
                                                                                        38.911.206     25.621.389       13.289.817                   51,9%
  TOTAL EQUITY
  TOTAL LIABILITAS DAN EKUITAS
                                                                                    129.311.989         91.139.182      38.172.807                   41,9%
  TOTAL LIABILITY AND EQUITY




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

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



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                   2023               2022
                                    Description
                                                                                                                          Rp                     %
                                         (1)                                            (2)             (3)          (4) = (2)-(3)         (5) = (4)/(3)
  PENDAPATAN
  REVENUES
  Pendapatan Tol
                                                                                 13.948.029          12.443.950         1.504.079                     12,1%
  Toll Operating Revenues
  Pendapatan Usaha Lainnya
                                                                                   1.617.953          1.338.608           279.345                   20,9%
  Other Operating Revenues
  Pendapatan Konstruksi
                                                                                  5.752.623           2.800.291         2.952.332                  105,4%
  Construction Revenue
  TOTAL                                                                          21.318.605          16.582.849         4.735.756                  28,6%
  BEBAN POKOK PENDAPATAN
  COST OF REVENUES
  Beban Tol dan Usaha Lainnya
                                                                                (6.643.256)           (6.391.616)        (251.640)                    3,9%
  Toll and Other Operating Expenses
  Beban Konstruksi
                                                                                 (5.716.823)          (2.773.136)     (2.943.687)                 106,2%
  Construction Expense
  TOTAL                                                                        (12.360.079)          (9.164.752)      (3.195.327)                  34,9%
  LABA BRUTO
                                                                                  8.958.526           7.418.097         1.540.429                  20,8%
  GROSS PROFIT
  Penghasilan Keuangan
                                                                                    255.966              152.421          103.545                    67,9%
  Finance Income
  Penghasilan Lain-lain
                                                                                        150.107         238.004           (87.897)                (36,9%)
  Other Income
  Beban Umum dan Administrasi
                                                                                 (2.007.934)          (1.934.783)          (73.151)                   3,8%
  General and Administrative Expenses
  Beban Lain-Lain
                                                                                   (120.097)          (708.320)          588.223                  (83,0%)
  Other Expenses


358   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 359
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




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



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                           Uraian                                                                                          Growth (Decrease)
                                                                        2023                      2022
                          Description
                                                                                                                         Rp                     %
                               (1)                                        (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Beban Pajak atas Penghasilan Keuangan
                                                                          (30.675)                   (27.457)               (3.218)                  11,7%
Tax Expense on Finance Income
Keuntungan dari Nilai Wajar Investasi Asosiasi
                                                                        4.017.364                             -         4.017.364                 100,0%
Gain on Fair Value of Investment in Associates
Kerugian dari Nilai Wajar Investasi Jangka Pendek
                                                                        (963.687)                             -         (963.687)               (100,0%)
Loss on Fair Value of Short Term Investment
Kerugian dari Pembelian dengan Diskon
                                                                        1.058.750                             -         1.058.750                 100,0%
Gain on Bargain Purchase
Keuntungan dari Pelepasan Investasi
                                                                                      -          2.245.045           (2.245.045)                (100,0%)
Gain on Divestment
LABA USAHA
                                                                       11.318.320                7.383.007             3.935.313                  53,3%
PROFIT FROM OPERATIONS
EBITDA                                                                   9.911.619               8.679.957             1.231.662                    14,2%
Biaya Keuangan - Neto
                                                                      (3.592.352)              (3.885.342)               292.990                    (7,5%)
Finance Costs - Net
Bagian atas Laba (Rugi) Neto Entitas Asosiasi dan Ventura
Bersama                                                                  200.457                     228.130              (27.673)                  (12,1%)
Share in Net Gain (Loss) of Associates and Joint Ventures
LABA SEBELUM PAJAK PENGHASILAN
                                                                       7.926.425                 3.725.795            4.200.630                   112,7%
PROFIT BEFORE INCOME TAX
   Kini
                                                                         (867.313)               (1.261.086)              393.773                 (31,2%)
   Current
   Tangguhan
                                                                        (309.623)                    (141.001)          (168.622)                  119,6%
   Deferred
TOTAL BEBAN PAJAK PENGHASILAN
                                                                       (1.176.936)             (1.402.087)                225.151                 (16,1%)
TOTAL INCOME TAX EXPENSE
LABA (RUGI) TAHUN BERJALAN
                                                                       6.749.489                 2.323.708             4.425.781                 190,5%
PROFIT (LOSS) FOR THE YEAR
PENGHASILAN (BEBAN) KOMPREHENSIF LAIN
OTHER COMPREHENSIVE INCOME (LOSS)
Pos-pos yang tidak akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
Items that will not be Reclassified to Profit or Loss in Subsequent Years
   Pengukuran Kembali Liabilitas Imbalan Kerja Jangka
   Panjang                                                               (131.347)                  (219.139)               87.792                 -40,1%
   Remeasurement of Long Term Employee Benefits Liability
   Bagian atas Laba (Rugi) Komprehensif Lain atas Asosiasi
   dan Ventura Bersama
                                                                                 (92)                     (142)                  50              (35,2%)
   Share in Other Comprehensive Gain (Loss) of Associates
   and Joint Ventures
   Pajak Penghasilan Terkait
                                                                           25.398                     23.062                 2.336                   10,1%
   Related Tax
   Pengukuran Kembali Liabilitas Imbalan Kerja Jangka
   Panjang - Setelah Pajak
                                                                         (106.041)                  (196.219)               90.178               (46,0%)
   Remeasurements of Long Term Employee Benefits Liability
   - Net of Tax
Pos-pos yang akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
Item that will be Reclassified to Profit and Loss in Subsequent Years
   Kerugian yang Belum Direalisasi dari Aset Keuangan pada
   Nilai Wajar                                                          (1.115.351)              (1.313.484)               198.133                  (15,1%)
   Unrealized Loss on Financial Assets at Fair Value




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                           359
Page 360
                                  Tabel Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
                                     Table of Consolidated Statement of Profit or Loss and other Comprehensive Income



                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                                      Uraian                                                                              Growth (Decrease)
                                                                                  2023              2022
                                    Description
                                                                                                                         Rp                     %
                                         (1)                                        (2)               (3)           (4) = (2)-(3)         (5) = (4)/(3)
      Penyesuaian Reklasifikasi atas Investasi Jangka Pendek
      Diukur Nilai Wajar
                                                                                   963.687                      -        963.687                  100,0%
      Reclassification Adjustment on Short Term Investment
      Measured at Fair Value
      Pengukuran Nilai Wajar Derivatif Lindung Nilai Arus Kas
                                                                                     48.884             5.939             42.945                  723,1%
      Measurement of Fair Value Derivative for Cashflow Hedge
      Bagian atas Laba (Rugi) Komprehensif Lain atas Asosiasi
      dan Ventura Bersama
                                                                                      11.895          (10.242)             22.137                (216,1%)
      Share in Other Comprehensive Gain (Loss) of Associates
      and Joint Ventures
      Pajak Penghasilan Terkait
                                                                                     33.986                 7.914         26.072                 329,4%
      Related Tax
  Subtotal Pos-Pos yang akan Direklasifikasi ke Laba Rugi Tahun
  Berikutnya
                                                                                   (56.899)        (1.309.873)          1.252.974                 (95,7%)
  Subtotal Item that will be Reclassified to Profit and Loss in
  Subsequent Years
  Beban Komprehensif Lain Tahun Berjalan
                                                                                  (162.940)       (1.506.092)           1.343.152               (89,2%)
  Other Comprehensive Expense for The Year
  Total Penghasilan Komprehensif Tahun Berjalan
                                                                                 6.586.549            817.616           5.768.933                705,6%
  Total Comprehensive Income For The Year
  Laba tahun berjalan yang dapat diatribusikan kepada:
  Profit for the year attributable to:
  Pemilik Entitas Induk
                                                                                  6.793.551         2.746.884           4.046.667                 147,3%
  Owner of the Parent Entity
  Kepentingan Non Pengendali
                                                                                   (44.062)          (423.176)             379.114               (89,6%)
  Non-Controlling Interest
  TOTAL                                                                          6.749.489         2.323.708            4.425.781                190,5%
  Total penghasilan komprehensif tahun berjalan yang dapat diatribusikan kepada:
  Total comprehensive income for the year attributable to:
  Pemilik Entitas Induk
                                                                                  6.619.793         1.239.322           5.380.471                 434,1%
  Owner of the Parent Entity
  Kepentingan Non Pengendali
                                                                                   (33.244)          (421.706)           388.462                  (92,1%)
  Non-Controlling Interests
  TOTAL                                                                          6.586.549            817.616           5.768.933                705,6%
  LABA PER SAHAM (RUPIAH PENUH)
                                                                                     936,03            378,47             557,56                  147,3%
  EARNINGS PER SHARE (FULL RUPIAH)



  Pendapatan                                                                  Revenues

  Pendapatan Perseroan terdiri dari pendapatan tol dan                        The Company's revenues consist of toll and other
  usaha lainnya serta pendapatan konstruksi. Untuk dapat                      business revenues as well as construction revenue. To
  melakukan analisa kinerja secara tepat, diharapkan                          be able to carry out performance analysis appropriately,
  dapat menggunakan pendapatan di luar pendapatan                             it is expected that we shall use revenue other than
  konstruksi, mengingat pendapatan konstruksi akan                            construction revenue, considering that construction
  di net-off dengan beban konstruksi dan margin yang                          revenue will be net-off with construction expenses and
  didapatkan tidak signifikan.                                                the margin obtained is not significant.




360   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 361
                                                                Analisa dan Pembahasan Manajemen
                                                                Management Discussion and Analysis




Pada tahun 2023, pendapatan Perseroan mengalami             In 2023, the Company's revenue growth was driven by
pertumbuhan yang didorong oleh kinerja volume               the performance of increasing traffic volumes in line
lalu lintas yang meningkat seiring dengan pandemi           with the pandemic declared over by the government
yang dinyatakan telah usai oleh pemerintah yang             which encouraged increased mobility of the community,
mendorong       peningkatan   mobilitas    masyarakat       especially during Lebaran, Christmas and New Year,
khususnya pada saat Lebaran, Natal dan Tahun Baru,          as well as the success of tariff adjustments on 21 toll
serta keberhasilan penyesuaian tarif atas 21 ruas jalan     road sections, thus driving an increase in toll revenue.
tol sehingga mendorong peningkatan pendapatan tol.          In addition, an increase in other business income and
Selain itu, peningkatan pendapatan usaha lainnya dan        construction placements also contributed to overall
pendapatankonstruksi juga berkontribusi terhadap            revenue growth.
pertumbuhan pendapatan secara keseluruhan.
                                                Tabel Pendapatan
                                                 Table of Revenues



                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                (in million Rupiah)

                                                                                                           Pertumbuhan (Penurunan)
                           Uraian                                                                                 Growth (Decrease)
                                                                2023                     2022
                          Description
                                                                                                                Rp                     %
                              (1)                                (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pendapatan Tol dan Usaha Lainnya
                                                             15.565.982                13.782.558              1.783.424                   12,9%
Toll and Other Operating Revenues
Pendapatan Konstruksi
                                                               5.752.623                 2.800.291            2.952.332                  105,4%
Construction Revenue
Total                                                         21.318.605              16.582.849              4.735.756                  28,6%


Pendapatan Usaha                                            Operating Revenues

Perseroan mencatatkan peningkatan pendapatan usaha          The Company recorded an increase in operating
di tahun 2023 dibandingkan tahun sebelumnya. Hal ini        income in 2023 compared to the previous year. This is
dipengaruhi dari aktivitas operasional dengan adanya        influenced by operational activities with traffic volume
pertumbuhan volume lalu lintas dan penyesuaian tarif        growth and normal and special tariff adjustments that
normal ataupun tarif spesial yang terjadi sepanjang         occur throughout 2023.
tahun 2023.
                                             Tabel Pendapatan Usaha
                                             Table of Operating revenues



                                                                                                                           (dalam jutaan Rupiah)
                                                                                                                                (in million Rupiah)

                                                                                                           Pertumbuhan (Penurunan)
                           Uraian                                                                                 Growth (Decrease)
                                                                2023                     2022
                          Description
                                                                                                                Rp                     %
                              (1)                                (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Pendapatan Tol
                                                              13.948.029               12.443.950             1.504.079                     12,1%
Toll Operating Revenues
Pendapatan Usaha Lainnya
                                                                1.617.953                1.338.608              279.345                   20,9%
Other Operating Revenue
Total                                                        15.565.982               13.782.558              1.783.424                    12,9%


Pendapatan Konstruksi                                       Construction Revenue

Pada tahun 2023, pendapatan konstruksi Perseroan            In 2023, the Company's construction revenue increased
meningkat dibandingkan tahun sebelumnya seiring             compared to the previous year in line with the increase
dengan peningkatan aktivitas konstruksi untuk beberapa      in construction activities for several new toll road
pembangunan ruas jalan tol baru.                            developments.




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                      361
Page 362
  Beban Pokok Pendapatan                                                         Cost of Revenues

  Beban pokok pendapatan di tahun 2023 meningkat                                 Cost of revenue in 2023 increased compared to the
  dibandingkan tahun sebelumnya, terutama disebabkan                             previous year, mainly due to increased construction
  oleh meningkatnya kemajuan konstruksi atas ruas jalan                          progress on new toll road sections.
  tol baru.
                                                             Tabel Beban Pokok Pendapatan
                                                                   Table of Income Expenses
                                                                                                                                      (dalam jutaan Rupiah)
                                                                                                                                           (in million Rupiah)

                                                                                                                      Pertumbuhan (Penurunan)
                                      Uraian                                                                                Growth (Decrease)
                                                                                     2023                2022
                                    Description
                                                                                                                          Rp                      %
                                         (1)                                           (2)                (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Beban Tol dan Usaha Lainnya
                                                                                   (6.643.256)          (6.391.616)       (251.640)                    3,9%
  Toll and Other Operating Expenses
  Beban Konstruksi
                                                                                   (5.716.823)          (2.773.136)    (2.943.687)                  106,2%
  Construction Expenses
  Total                                                                           (12.360.079)          (9.164.752)    (3.195.327)                  34,9%

  Beban Tol dan Usaha Lainnya                                                    Toll and Other Operating Expenses

  Pada tahun 2023, beban tol dan usaha lain mengalami                            IIn 2023, toll and other business expenses increased
  peningkatan dibandingkan tahun sebelumnya yang                                 compared to the previous year due to an increase in
  disebabkan oleh peningkatan biaya operasi dan                                  operation and maintenance costs in order to meet
  pemeliharaan dalam rangka memenuhi standar                                     minimum service standards as a condition for the
  pelayanan minimal sebagai syarat implementasi                                  implementation of tariff adjustments on 21 toll road
  penyesuaian tarif di 21 ruas jalan tol pada tahun 2023.                        sections in 2023.

                                                           Tabel Beban Tol dan Usaha Lainnya
                                                           Table of Toll and Other Operating Expenses
                                                                                                                                      (dalam jutaan Rupiah)
                                                                                                                                           (in million Rupiah)

                                                                                                                      Pertumbuhan (Penurunan)
                                      Uraian                                                                                Growth (Decrease)
                                                                                     2023                2022
                                    Description
                                                                                                                          Rp                      %
                                         (1)                                           (2)                (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Amortisasi
                                                                                      2.035.946           2.248.623        (212.677)                  (9,5%)
  Amortization
  Gaji dan Tunjangan
                                                                                       902.894              719.503          183.391                  25,5%
  Salaries and Allowance
  Harga Pokok Penjualan
                                                                                       886.980              705.816          181.164                  25,7%
  Cost of Goods Sold
  Provisi Pelapisan Ulang Jalan Tol
                                                                                        756.824            733.600           23.224                     3,2%
  Provision for Toll Road Overlay
  Pemeliharaan Jalan dan Sarana Pelengkap Jalan Tol
                                                                                        635.729             547.247          88.482                    16,2%
  Maintenance of Roads and Toll Road Complementary Facilities
  Pajak Bumi dan Bangunan
                                                                                        617.245            649.370          (32.125)                  (4,9%)
  Land Building Tax
  Pelayanan Jalan Tol
                                                                                         314.176            265.128          49.048                    18,5%
  Toll Road Services
  Bahan Bakar, Listrik dan Air
                                                                                         151.216            123.521          27.695                   22,4%
  Fuel, Electricity and Water
  Pengumpulan Tol
                                                                                        109.261             139.049         (29.788)                  (21,4%)
  Toll Collection

  Penyusutan
                                                                                         86.902             122.658         (35.756)                (29,2%)
  Depreciation

  Sewa
                                                                                         73.863             72.440             1.423                   2,0%
  Rent
  Lainnya (Di bawah Rp2.000)
                                                                                         72.220              64.661            7.559                    11,7%
  Others (Below Rp2,000)
  Total                                                                               6.643.256           6.391.616         251.640                    3,9%


362   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 363
                                                                   Analisa dan Pembahasan Manajemen
                                                                   Management Discussion and Analysis




Beban Konstruksi                                              Construction Expenses

Beban konstruksi di tahun 2023 mengalami peningkatan          Construction     expenses      in     2023     increased
dibandingkan sebelumnya terutama disebabkan oleh              compared to the previous year mainly due to
meningkatnya aktivitas konstruksi untuk pembangunan           increased construction activities for the construction of
ruas jalan tol baru.                                          new toll road sections.

Laba Bruto                                                    Gross Profit

Perseroan mencatatkan pertumbuhan laba bruto di               The Company recorded gross profit growth in 2023
tahun 2023 dibandingkan tahun sebelumnya. Hal                 compared to the previous year. This is in line with the
ini sejalan dengan pertumbuhan volume lalu lintas             growth in traffic volume and tariff adjustments on several
dan penyesuaian tarif pada beberapa ruas tol yang             toll roads that affect toll revenue growth.
berpengaruh pada pertumbuhan pendapatan tol.

                                                  Tabel Laba Bruto
                                                  Table of Gross Profit



                                                                                                                             (dalam jutaan Rupiah)
                                                                                                                                  (in million Rupiah)

                                                                                                             Pertumbuhan (Penurunan)
                           Uraian                                                                                   Growth (Decrease)
                                                                  2023                     2022
                          Description
                                                                                                                   Rp                    %
                              (1)                                   (2)                       (3)            (4) = (2)-(3)         (5) = (4)/(3)
 Pendapatan
                                                                21.318.605               16.582.849              4.735.756                  28,6%
 Revenues
 Beban Pokok Pendapatan
                                                              (12.360.079)                (9.164.752)           (3.195.327)                 34,9%
 Cost of Income
 Laba Bruto
                                                                 8.958.526                 7.418.097            1.540.429                  20,8%
 Gross Profit



Laba Usaha                                                    Operating Profit

Laba usaha Perseroan di tahun 2023 meningkat                  The Company's operating profit in 2023 increased
dibandingkan tahun sebelumnya karena pertumbuhan              compared to the previous year due to growth in both
pendapatan usaha baik pendapatan tol maupun                   toll revenues and other business revenues. In addition,
pendapatan usaha lain. Selain itu, terdapat penerapan         there is an application of business combination effect
efek kombinasi bisnis atas pembelian kembali RDPT             on the repurchase of RDPT MIET in PT LMJ on three toll
MIET di PT LMJ pada tiga ruas jalan tol, yakni Semarang-      road sections, namely Semarang-Batang, Solo-Ngawi,
Batang, Solo-Ngawi, dan Ngawi-Kertosono sehingga              and Ngawi-Kertosono so that there is a gain on the fair
terdapat keuntungan dari nilai wajar investasi asosiasi.      value of the associate investment.

                                                 Tabel Laba Usaha
                                             Table of Profit from Operations



                                                                                                                             (dalam jutaan Rupiah)
                                                                                                                                  (in million Rupiah)

                                                                                                             Pertumbuhan (Penurunan)
                           Uraian                                                                                   Growth (Decrease)
                                                                  2023                      2022
                          Description
                                                                                                                   Rp                    %
                              (1)                                   (2)                       (3)            (4) = (2)-(3)         (5) = (4)/(3)
 Laba Bruto
                                                                 8.958.526                  7.418.097            1.540.429                  20,8%
 Gross Profit
 Penghasilan Keuangan
                                                                   255.966                     152.421             103.545                   67,9%
 Financial Income
 Penghasilan Lain-lain
                                                                     150.107                  238.004               (87.897)              (36,9%)
 Other Income




                                                                                                Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        363
Page 364
                                                                      Tabel Laba Usaha
                                                                 Table of Profit from Operations



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                         Rp                      %
                                         (1)                                            (2)              (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Beban Umum dan Administrasi
                                                                                    (2.007.934)        (1.934.783)         (73.151)                   3,8%
  General and Administrative Expenses
  Beban Lain-Lain
                                                                                      (120.097)         (708.320)        588.223                  (83,0%)
  Other Expenses
  Beban Pajak atas Penghasilan Keuangan
                                                                                       (30.675)           (27.457)          (3.218)                   11,7%
  Tax Expense of Finance Income
  Keuntungan dari Nilai Wajar Investasi Asosiasi
                                                                                      4.017.364                  -      4.017.364                  100,0%
  Gain on Fair Value of Investment in Associates
  Kerugian dari Nilai Wajar Investasi Jangka Pendek
                                                                                      (963.687)                  -      (963.687)                (100,0%)
  Loss on Fair Value of Short Term Investments
  Keuntungan dari Pembelian dengan Diskon
                                                                                      1.058.750                  -      1.058.750                  100,0%
  Gain on Bargain Purchase
  Keuntungan dari Pelepasan Investasi
                                                                                                   -    2.245.045     (2.245.045)                (100,0%)
  Gain on Divestment
  Laba Usaha
                                                                                     11.318.320         7.383.007      3.935.313                   53,3%
  Profit from Operations


  Laba Sebelum Pajak Penghasilan                                                  Profit Before Income Tax

  Pada tahun 2023, laba sebelum pajak penghasilan                                 In 2023, profit before income tax grew compared to the
  mengalami     pertumbuhan     dibandingkan      tahun                           previous year mainly due to the achievement of better
  sebelumnya terutama disebabkan oleh pencapaian                                  toll revenue and other operating income performance
  kinerja pendapatan tol dan pendapatan usaha lain                                compared to the previous year as well as the application
  yang semakin baik dibandingkan tahun sebelumnya                                 of business combination effects on the repurchase of
  serta penerapan efek kombinasi bisnis atas pembelian                            RDPT MIET through PT LMJ on three toll road sections
  kembali RDPT MIET melalui PT LMJ pada tiga ruas jalan                           toll roads.
  tol.
                                                           Tabel Laba Sebelum Pajak Penghasilan
                                                                Table of Profit Before Income Tax



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                     Pertumbuhan (Penurunan)
                                      Uraian                                                                               Growth (Decrease)
                                                                                      2023              2022
                                    Description
                                                                                                                         Rp                      %
                                         (1)                                            (2)              (3)         (4) = (2)-(3)         (5) = (4)/(3)
  Laba Usaha
                                                                                     11.318.320         7.383.007       3.935.313                   53,3%
  Profit from Operations
  Biaya Keuangan - Neto
                                                                                   (3.592.352)         (3.885.342)       292.990                     (7,5%)
  Finance Costs - Net
  Bagian atas Rugi Neto Entitas Asosiasi dan Ventura
                                                                                       200.457            228.130         (27.673)                   (12,1%)
  Share in Net Loss of Associates and Joint Ventures
  Laba Sebelum Pajak Penghasilan
                                                                                     7.926.425          3.725.795      4.200.630                   112,7%
  Profit Before Income Tax




364   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 365
                                                                      Analisa dan Pembahasan Manajemen
                                                                      Management Discussion and Analysis




Beban Pajak Penghasilan                                          Income Tax Expense

Beban pajak penghasilan Perseroan di tahun 2023                  The Company's income tax expense in 2023 have
menurun dibandingkan tahun sebelumnya karena                     decreased compared to the previous year due to
penurunan pajak kini.                                            declining in current tax..

                                            Tabel Beban Pajak Penghasilan
                                               Table of Income Tax Expense



                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

                                                                                                                 Pertumbuhan (Penurunan)
                              Uraian                                                                                    Growth (Decrease)
                                                                      2023                     2022
                           Description
                                                                                                                      Rp                     %
                               (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
 Kini
                                                                      (867.313)               (1.261.086)              393.773                 (31,2%)
 Current
 Tangguhan
                                                                     (309.623)                    (141.001)          (168.622)                  119,6%
 Deferred
 Total                                                              (1.176.936)             (1.402.087)                225.151                 (16,1%)


Laba Tahun Berjalan                                              Profit for The Year

Laba (rugi) tahun berjalan maupun laba tahun berjalan            Profit (loss) for the year and profit for the year attributable
yang diatribusikan kepada pemilik entitas induk di tahun         to owners of the parent entity in 2023 have significant
2023 mengalami pertumbuhan signifikan dibandingkan               increased compared to 2022.
tahun 2022.

Peningkatan tersebut merupakan kontribusi dari sisi              The increase was contributed from the operational side
operasional berupa pertumbuhan volume lalu lintas,               in the form of traffic volume growth, tariff adjustments
penyesuaian tarif di 19 ruas jalan tol, dan pengendalian         in 19 toll road sections, and expense control as well as
beban serta pengaruh dari efek kombinasi bisnis dengan           the effect of business combination with the repurchase
adanya pembelian kembali RDPT MIET atas 3 ruas jalan             of RDPT MIET on 3 toll road sections.
tol.

                                           Tabel Laba (Rugi) Tahun Berjalan
                                              Table of Profit (Loss) for the Year



                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

                                                                                                                 Pertumbuhan (Penurunan)
                              Uraian                                                                                    Growth (Decrease)
                                                                      2023                     2022
                           Description
                                                                                                                      Rp                     %
                               (1)                                     (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
 Laba Sebelum Pajak Penghasilan
                                                                     7.926.425                 3.725.795            4.200.630                   112,7%
 Profit Before Income Tax
 Beban Pajak Penghasilan
                                                                    (1.176.936)              (1.402.087)                225.151                  (16,1%)
 Income Tax Expense
 Laba (Rugi) Tahun Berjalan
                                                                     6.749.489                2.323.708             4.425.781                 190,5%
 Profit (Loss) for the Year
 Laba Tahun Berjalan yang Dapat Diatribusikan kepada:
 Profit for the Year Attributable to:
 Pemilik Entitas Induk
                                                                     6.793.551                2.746.884             4.046.667                  147,3%
 Owner of the Parent Entity
 Kepentingan Non Pengendali
                                                                       (44.062)                  (423.176)              379.114               (89,6%)
 Non-Controlling Interest
Total                                                                6.749.489                2.323.708             4.425.781                 190,5%




                                                                                                   Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        365
Page 366
  Beban Komprehensif Lain                                                         Other Comprehensive Expenses

  Pada tahun 2023, beban komprehensif lain mengalami                              In 2023, other comprehensive expenses decreased
  penurunan dibandingkan tahun sebelumnya terdapat                                compared to the previous year due to the reclassification
  penyesuaian reklasifikasi atas investasi jangka pendek                          adjustment of short-term investments at fair value.
  diukur dari nilai wajar.
                                                      Tabel Penghasilan (Beban) Komprehensif lain
                                                           Table of Other Comprehensive Income (Loss)



                                                                                                                                     (dalam jutaan Rupiah)
                                                                                                                                          (in million Rupiah)

                                                                                                                         Pertumbuhan (Penurunan)
                                        Uraian                                                                                Growth (Decrease)
                                                                                        2023              2022
                                      Description
                                                                                                                             Rp                   %
                                           (1)                                            (2)              (3)           (4) = (2)-(3)     (5) = (4)/(3)
  Pos-Pos yang tidak akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
  Items that will not be Reclassified to Profit or Loss in Subsequent Years
      Pengukuran Kembali Liabilitas Imbalan Kerja Jangka Panjang
                                                                                        (131.347)          (219.139)           87.792              (40,1%)
      Remeasurement of Long Term Employee Benefits Liability
      Bagian atas Laba (Rugi) Komprehensif Lain atas Asosiasi dan
      Ventura Bersama
                                                                                                (92)             (142)              50            (35,2%)
      Share in Other Comprehensive Gain (Loss) of Associates and
      Joint Ventures
      Pajak Penghasilan Terkait
                                                                                          25.398            23.062              2.336                 10,1%
      Related Tax
      Pengukuran Kembali Liabilitas Imbalan Kerja Jangka Panjang -
      Setelah Pajak
                                                                                        (106.041)          (196.219)           90.178             (46,0%)
      Remeasurements of Long Term Employee Benefits Liability -
      Net of Tax
  Pos-Pos yang akan Direklasifikasi ke Laba Rugi Tahun Berikutnya
  Item that will be Reclassified to Profit and Loss in Subsequent Years
      Kerugian yang Belum Direalisasi dari Aset Keuangan pada Nilai
      Wajar                                                                            (1.115.351)       (1.313.484)          198.133               (15,1%)
      Unrealized Loss on Financial Assets at Fair Value
      Penyesuaian Reklasifikasi atas Investasi Jangka Pendek Diukur
      Nilai Wajar
                                                                                         963.687                     -       963.687               100,0%
      Reclassification Adjustment on Short Term Investment
      Measured at Fair Value
      Pengukuran Nilai Wajar Derivatif Lindung Nilai Arus Kas
                                                                                          48.884             5.939            42.945               723,1%
      Measurement of Fair Value Derivative for Cashflow Hedge
      Bagian atas Laba (Rugi) Komprehensif Lain atas Asosiasi dan
      Ventura Bersama
                                                                                           11.895           (10.242)           22.137             (216,1%)
      Share in Other Comprehensive Gain (Loss) of Associates and
      Joint Ventures
      Pajak Penghasilan terkait
                                                                                          33.986                 7.914         26.072             329,4%
      Related Tax
  Subtotal Pos-Pos yang akan Direklasifikasi ke Laba Rugi Tahun
  Berikutnya
                                                                                        (56.899)         (1.309.873)       1.252.974               (95,7%)
  Subtotal Item that will be Reclassified to Profit and Loss in
  Subsequent Years
  Beban Komprehensif Lain Tahun Berjalan
                                                                                       (162.940)        (1.506.092)         1.343.152             (89,2%)
  Other Comprehensive (Expenses) for The Year



  Laba Komprehensif Tahun Berjalan                                                Comprehensive Income for The Year

  Laba komprehensif Perseroan di tahun 2023 meningkat                             The Company comprehensive income in 2023 increased
  dibandingkan tahun disebabkan oleh adanya                                       compared to the year due to the gain on fair value of
  keuntungan dari nilai wajar investasi asosiasi sebagai                          associate investment as a result of repurchase of RDPT
  efek dari pembelian kembali RDPT MIET atas tiga ruas                            MIET on three toll road sections
  jalan tol


366   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 367
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                                          Tabel Laba Komprehensif Tahun Berjalan
                                          Table of Other Comprehensive Profit for the Year


                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                               Uraian                                                                                      Growth (Decrease)
                                                                         2023                     2022
                            Description
                                                                                                                         Rp                     %
                                (1)                                       (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
Total Penghasilan Komprehensif Tahun Berjalan yang dapat Distribusikan kepada:
Total Comprehensive Income for the Year Attributable to:
Pemilik Entitas Induk
                                                                         6.619.793                1.239.322             5.380.471                 434,1%
Owner of the Parent Entity
Kepentingan Non Pengendali
                                                                          (33.244)                 (421.706)             388.462                  (92,1%)
Non-Controlling Interests
Total                                                                 6.586.549                      817.616          5.768.933                  705,6%



Laba per Saham                                                     Earnings per Share

Nilai Laba per Saham Perseroan di tahun 2023                       The value of the Company's Earnings per Share in 2023
meningkat dibandingkan tahun sebelumnya seiring                    have increased compared to the previous year in line
dengan peningkatan kinerja Laba Bersih Perseroan di                with increase/decrease in the Company's Net Profit in
tahun 2023.                                                        2023.

                                                     Tabel Laba Per Saham
                                                     Table of Earning per Share


                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                  Pertumbuhan (Penurunan)
                   Uraian                                                                                                Growth (Decrease)
                                                        2023                           2022
                 Description
                                                                                                                        Rp                        %
                     (1)                                  (2)                            (3)                      (4) = (2)-(3)            (5) = (4)/(3)
Laba bersih (Rupiah penuh)
                                                 6.793.551.210.505            2.746.884.072.330                4.046.667.138.175                    147,3%
Net Income (Full Rupiah)
Rata-Rata tertimbang saham beredar (lembar)
                                                       7.257.871.200                  7.257.871.200                                 0                 0,0%
Weighted Average of Outstanding Shares
Laba Bersih Per Saham (Rupiah penuh)
                                                                936,03                           378,47                      557,56                147,3%
Earnings Per Share (Full Rupiah)



Laporan Arus Kas Konsolidasian
Statement of Consolidated Cash Flow

                                                Tabel Arus Kas Konsolidasian
                                                 Table of Consolidated Cash Flow


                                                                                                                                    (dalam jutaan Rupiah)
                                                                                                                                         (in million Rupiah)

                                                                                                                    Pertumbuhan (Penurunan)
                               Uraian                                                                                      Growth (Decrease)
                                                                         2023                     2022
                            Description
                                                                                                                         Rp                     %
                                (1)                                       (2)                       (3)             (4) = (2)-(3)         (5) = (4)/(3)
ARUS KAS DARI AKTIVITAS OPERASI
CASH FLOWS FROM OPERATING ACTIVITIES
Kas Bersih Diperoleh dari Aktivitas Operasi
                                                                         4.165.956               4.022.207                143.749                     3,6%
Net Cash Provided by Operating Activities




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                           367
Page 368
                                                           Tabel Arus Kas Konsolidasian
                                                           Table of Consolidated Cash Flow


                                                                                                                            (dalam jutaan Rupiah)
                                                                                                                                 (in million Rupiah)

                                                                                                            Pertumbuhan (Penurunan)
                                      Uraian                                                                      Growth (Decrease)
                                                                                2023          2022
                                    Description
                                                                                                                Rp                      %
                                         (1)                                     (2)           (3)          (4) = (2)-(3)         (5) = (4)/(3)
  ARUS KAS DARI AKTIVITAS INVESTASI
  CASH FLOWS FROM INVESTING ACTIVITIES
  Kas Neto yang Digunakan untuk Aktivitas Investasi
                                                                             (8.324.353)      (1.639.671)    (6.684.682)                  407,7%
  Net Cash Used in Investing Activities
  ARUS KAS DARI AKTIVITAS PENDANAAN
  CASH FLOWS FROM FINANCING ACTIVITIES
  Kas Neto Diperoleh dari Aktivitas Pendanaan
                                                                                 168.230       (62.057)         230.287                  (371,1%)
  Net Cash Provided by Financing Activities
  KENAIKAN (PENURUNAN) NETO KAS DAN SETARA KAS
  NET INCREASE (DECREASE) IN CASH AND CASH                                    (3.990.167)    2.320.479       (6.310.646)               (272,0%)
  EQUIVALENTS
  Kas dan Setara Kas dari Entitas Anak yang Didekonsolidasikan
                                                                                         -     (170.450)         170.450                (100,0%)
  Cash and Cash Equivalents from Deconsolidated Subsidiaries
  KAS DAN SETARA KAS PADA AWAL TAHUN
  CASH AND CASH EQUIVALENTS AT BEGINNING OF THE                                 8.429.118    6.279.089        2.150.029                   34,2%
  YEAR
  KAS DAN SETARA KAS PADA AKHIR TAHUN
                                                                               4.438.951      8.429.118      (3.990.167)                 (47,3%)
  CASH AND CASH EQUIVALENTS AT END OF PERIOD


  Laporan arus kas adalah komponen laporan keuangan                         Cash flow statements is component of financial statements
  yang menunjukkan penerimaan dan pengeluaran                               that shows the receipt and expenses of cash and cash
  kas dan setara kas selama periode tertentu yang                           equivalents during a certain period which classified into
  dikelompokkan dalam aktivitas operasi, investasi, dan                     operating, investing and financing activities. Analysis of
  pendanaan. Analisis terhadap arus kas pada masing-                        cash flow in each aspect is described as follows:
  masing aspek dijabarkan sebagai berikut:

  Arus Kas dari Aktivitas Operasi                                           Cash Flow from Operating Activities

  Pada tahun 2023, kas bersih diperoleh dari aktivitas                      In 2023, net cash provided by operating activities
  operasi   mengalami      peningkatan    dibandingkan                      increased compared to the previous year. This was
  tahun sebelumnya. Hal ini terutama disebabkan oleh                        mainly due to the growth of the Company's toll revenues
  pertumbuhan pendapatan tol Perseroan dengan                               with tariff adjustments on several toll roads and an
  adanya penyesuaian tarif di beberapa ruas jalan tol dan                   increase in other operating revenues realised in 2023.
  peningkatan pendapatan usaha lain yang terealisasi di
  tahun 2023.
                                                                            Cash Flow from Investing Activities
  Arus Kas dari Aktivitas Investasi
                                                                            Net cash used in investing activities in 2023 increased
  Kas neto yang digunakan untuk aktivitas investasi di                      compared to the previous year in line with the construction
  tahun 2023 meningkat dibandingkan tahun sebelumnya                        progress of the new toll road project in 2023.
  selaras dengan kemajuan konstruksi proyek jalan tol
  baru di tahun 2023.

  Arus Kas dari Aktivitas Pendanaan                                         Cash Flow from Financing Activities

  Perseroan mencatatkan kas neto diperoleh dari aktivitas                   The Company recorded net cash obtained from financing
  pendanaan di tahun 2023 mengalami peningkatan                             activities in 2023 increased compared to the previous
  dibandingkan tahun sebelumnya dipengaruhi oleh                            year due to the withdrawal of loans both through banks
  penarikan pinjaman baik melalui bank maupun lembaga                       and non-bank financial institutions for the repayment of
  keuangan bukan bank untuk pelunasan obligasi dan                          bonds and debts.
  hutang.


368   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 369
                                                                       Analisa dan Pembahasan Manajemen
                                                                       Management Discussion and Analysis




Kemampuan Membayar Utang dan Tingkat
Kolektibilitas Piutang
Ability to Pay Debt and Collectibility in Receivables


Kemampuan Membayar Utang                                          Ability to Pay Debt

Perseroan berkomitmen untuk memenuhi hak-hak                      The Company is committed to fulfilling credit rights,
kredit yang salah satunya ditunjukan dengan melakukan             one of which is demonstrated by making loan principal
pembayaran pokok pinjaman dan bunganya dengan                     and interest payment on time. The Company always
tepat waktu. Perseroan senantiasa mengelola likuiditas            manages liquidity and monitors the due date for principal
dan melakukan pemantauan terhadap waktu jatuh                     and interest payment on loans.
tempo pembayaran pokok dan bunga pinjaman.

Kemampuan Perseroan dalam memenuhi seluruh                        The Company's ability to fulfill all obligations, both long-
kewajiban baik kewajiban jangka panjang maupun                    term and short-term, is measured through several ratios,
jangka pendek diukur melalui beberapa rasio antara                including liquidity ratio and solvency ratio. Liquidity
lain rasio likuiditas dan rasio solvabilitas. Rasio               ratio is used to measure the ability to pay off short-term
likuiditas digunakan untuk mengukur kemampuan                     obligations, while solvency ratio is used to measure the
melunasi kewajiban jangka pendek, sedangkan rasio                 ability to meet all obligations.
solvabilitas digunakan untuk digunakan untuk mengukur
kemampuan memenuhi seluruh kewajiban.

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

Rasio lancar dan rasio kas menjadi tolak ukur likuiditas          Current ratio and cash ratio are benchmark for the
Perseroan. Berdasarkan perhitungan rasio di tahun 2023,           Company's liquidity. Based on ratio calculation in
Perseroan pada dasarnya memiliki kemampuan yang baik              2023, the Company basically has good ability to pay its
dalam membayar liabilitas jangka pendeknya. Sebagian              short-term liabilities. Most of the Company's short-term
besar liabilitas jangka pendek Perseroan merupakan                liabilities represent bills to contractors for completed toll
tagihan kepada kontraktor untuk pembangunan jalan tol             road construction. The Company will make repayment by
yang telah selesai. Perseroan akan melakukan pelunasan            withdrawing long-term loans, either through bank loans,
dengan melakukan penarikan pinjaman jangka panjang,               non-bank financial institutions, or bonds. Currently, the
baik melalui pinjaman bank, lembaga keuangan bukan                Company has succeeded in securing investment credit
bank, maupun obligasi. Saat ini, Perseroan telah berhasil         loan ceiling required to pay for the investment.
mengamankan plafon pinjaman kredit investasi yang
diperlukan untuk membayar investasi tersebut.

                                                   Tabel Rasio Likuiditas
                                                    Table of Liquidity Ratio


                                                                                                                                 (dalam jutaan Rupiah)
                                                                                                                                      (in million Rupiah)

            Uraian                                                                                                          Perubahan
                                         2023                                      2022
          Description                                                                                                          Change

              (1)                         (2)                                        (3)                                    (4) = (2)-(3)

 Kas dan Setara Kas
                                       4.438.951                                8.429.118                                    (3.990.167)
 Cash and Cash Equivalents
 Aset Lancar
                                       7.974.775                               12.372.212                                    (4.397.437)
 Current Assets
 Liabilitas Jangka Pendek
                                      22.821.163                               12.142.988                                    10.678.175
 Current Liabilities




                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        369
Page 370
                                                                  Tabel Rasio Likuiditas
                                                                    Table of Liquidity Ratio


                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                 Uraian                                                                                                  Perubahan
                                                           2023                                  2022
               Description                                                                                                   Change

                    (1)                                     (2)                                   (3)                    (4) = (2)-(3)

   Rasio:
   Ratio:
   Rasio Lancar
                                                           0,3                                    1,0                         (0,7)
   Current Ratio
   Rasio Kas
                                                           0,2                                    0,7                         (0,5)
   Cash Ratio


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

  Kemampuan Perseroan dalam membayar kewajiban-                                   The Company's ability to pay its obligations can be
  kewajibannya dapat diukur melalui: (i) Rasio Solvabilitas                       measured through: (i) Solvency Ratio which is calculated
  yang dihitung dengan membagi antara total liabilitas                            by dividing total liabilities by total equity, (ii) Interest
  dengan total ekuitas, (ii) Rasio Utang atau Interest                            Bearing Debt Ratio which is calculated by dividing
  Bearing Debt (IBD) yang dihitung dengan membagi                                 total interest bearing debt in the liability component by
  antara total hutang berbunga pada komponen liabilitas                           total equity, (iii) Interest Coverage Ratio (ICR) which is
  dengan total ekuitas, (iii) Interest Coverage Ratio (ICR)                       calculated by dividing EBITDA by financial expenses.
  yang dihitung dengan membagi antara EBITDA dengan
  beban keuangan.

  Interest Bearing Debt to Total Equity dan ICR Perseroan                         The Company's Interest Bearing Debt to Total Equity and
  di tahun 2023 masih berada dalam batas yang                                     ICR in 2023 were still be within the limits required by
  dipersyaratkan oleh Kreditur, dengan batas Interest                             Creditors, with maximum Interest Bearing Debt to Total
  Bearing Debt to Total Equity maksimal 5 kali dan ICR                            Equity limit of 5 times and a minimum ICR of 1.1 times.
  minimal 1,1 kali. Hal ini menandakan Perseroan memiliki                         This indicates that the Company has a sound financial
  kondisi keuangan yang sehat dan solvabilitas Perseroan                          condition and the Company's solvency is in the good
  dalam kategori baik.                                                            category.

                                                                  Tabel Rasio Solvabilitas
                                                                   Table of Solvency Ratio



                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

                                        Uraian                                                                                   Perubahan
                                                                                               2023           2022
                                      Description                                                                                     Change

                                           (1)                                                  (2)            (3)               (4) = (2)-(3)

   Total Aset
                                                                                               129.311.989      91.139.182             38.172.807
   Total Assets
   Total Liabilitas
                                                                                               90.400.783      65.517.793             24.882.990
   Total Liabilities
   Total Ekuitas
                                                                                               38.911.206      25.621.389              13.289.817
   Total Equity
   Total Utang Berbunga
                                                                                               67.715.255      51.097.214               16.618.041
   Total Interest Bearing Debt
   EBITDA                                                                                        9.911.619      8.679.957                1.231.662
   Beban Bunga
                                                                                                3.592.352      3.885.342                (292.990)
   Interest Expense




370   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 371
                                                                     Analisa dan Pembahasan Manajemen
                                                                     Management Discussion and Analysis




                                                 Tabel Rasio Solvabilitas
                                                   Table of Solvency Ratio



                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                    (in million Rupiah)

                                Uraian                                                                                            Perubahan
                                                                              2023                          2022
                             Description                                                                                             Change

                                  (1)                                           (2)                          (3)                  (4) = (2)-(3)

Rasio:
Ratio:
Total Debt to Total Equity Ratio (DER)                                                   2,3x                         2,6x                     (0,2x)
Interest Bearing Debt to Equity Ratio                                                     1,8x                        2,0x                     (0,2x)
Interest Coverage Ratio (ICR)                                                            2,8x                         2,2x                     (0,5x)


Peringkat Obligasi                                                Bonds Rating

Kemampuan membayar utang juga dapat tercermin                     The ability to pay debt can also be reflected based on
berdasarkan peringkat obligasi. Obligasi Jasa Marga               bond rating. Jasa Marga bonds are routinely assessed
secara rutin dinilai oleh lembaga pemeringkatan guna              by rating agencies to support the suitability of the bonds
mendukung kelayakan obligasi yang diterbitkan. Untuk              issued. For bonds issued and listed on the Indonesian
obligasi yang diterbitkan dan dicatatkan di Bursa Efek            Stock Exchange, Jasa Marga use PT Pemeringkat Efek
Indonesia, Jasa Marga menggunakan PT Pemeringkat                  Indonesia (PEFINDO) as a bond rating agency.
Efek Indonesia (PEFINDO) sebagai lembaga pemeringkat
obligasi.

                                                 Tabel Peringkat Obligasi
                                                  Table of Bonds Rating



                                                                                                            Peringkat
                                 Uraian                                                                        Rank
                                Description
                                                                                           2023                                  2022
Obligasi Berkelanjutan II Jasa Marga Tahap I Tahun 2020
                                                                          idAA oleh/ by Pefindo                     idAA oleh/ by Pefindo
Jasa Marga Continuing Public Offering Bond II Phase I Year 2020


Tingkat Kolektibilitas Piutang                                    Receivables Collectability Level

Pada dasarnya sesuai dengan jenis proses bisnisnya                Basically, according to the type of business process,
Perseroan tidak memiliki piutang yang signifikan dalam            the Company does not have significant receivables that
mempengaruhi kegiatan usaha. Jika pun ada piutang                 influence business activities. If there are any receivables
Perseroan, adalah piutang atas dana talangan untuk                from the Company, they are receivables from bailout
pembebasan lahan. Sehingga, kolektibilitas piutang                funds for land acquisition. Thus, the collectability of
tergantung pada jadwal pembayaran dari Pemerintah                 receivables depends on payment schedule from the
yang mana bersifat penggantian.                                   Government, which is a reimbursement.




                                                                                                  Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                          371
Page 372
                                                                     Tabel Kolektibilitas Piutang
                                                                     Table of Receivable Collectability


                                                                                                                                        (dalam jutaan Rupiah)
                                                                                                                                             (in million Rupiah)

              Piutang Lain-lain                           0-1 Tahun/                              > 1 Tahun/                       Nilai Tercatat
              Other Receivables                               Year                                    Year                       Carrying Ammount

      Piutang Lain-lain - Lancar Bersih
      Other Receivables Current - Net
         Pihak Berelasi
                                                                          344.226                                     -                             344.226
         Related Parties
         Pihak Ketiga
                                                                           922.121                                    -                              922.121
         Third Parties
      Piutang Lain-lain - Tidak Lancar
      Other Receivables Non-Current
         Pihak Berelasi
                                                                                                                275.000                            275.000
         Related Parties
      Total                                                             1.266.347                              275.000                            1.541.347



  Struktur Modal
  Capital Structure

  Rincian Struktur Modal                                                                Details on Capital Structure

  Struktur    modal  Perseroan      dimonitor     dengan                                The Company's capital structure is monitored using
  menggunakan rasio Liabilitas terhadap Ekuitas. Rasio ini                              the Liabilities to Equity ratio. This ratio is calculated by
  dihitung dengan membagi nilai Total Liabilitas dengan                                 dividing Total Liabilities value by Total Equity.
  Total Ekuitas.

  Rasio utang terhadap modal Perseroan di tahun 2023                                    The Company's debt to capital ratio in 2023 was
  berhasil dipertahankan pada level yang sesuai dengan                                  successfully maintained at the level required by creditors,
  yang dipersyaratkan oleh kreditur, dengan syarat                                      with maximum requirement of 5 times, with the following
  maksimum 5 kali, dengan struktur modal sebagai berikut:                               capital structure:

                                                                     Tabel Rincian Struktur Modal
                                                                 Table of Capital Structure in Details



                                                                                                                                        (dalam jutaan Rupiah)
                                                                                                                                             (in million Rupiah)

                                           Uraian                                                                                          Perubahan
                                                                                                   2023                   2022
                                         Description                                                                                           Change

      Liabilitas Jangka Pendek
                                                                                                    22.821.163            12.142.988              10.678.175
      Current Liabilities
      Liabilitas Jangka Panjang
                                                                                                   67.579.620             53.374.805             14.204.815
      Non-current Liabilites
      Total Liabilitas
                                                                                                   90.400.783             65.517.793           24.882.990
      Total Liabilities
      Total Ekuitas
                                                                                                    38.911.206            25.621.389             13.289.817
      Total Equity
      Rasio Liabilitas Jangka Pendek terhadap Ekuitas
                                                                                                             0,6x                0,5x                      0,1x
      Ratio of Current Liabilities to Equity
      Rasio Liabilitas Jangka Panjang terhadap Ekuitas
                                                                                                             1,7x                2,1x                     (0,3)
      Ratio of Non-current Liabilities to Equity
      Rasio Liabilitas terhadap Ekuitas
                                                                                                             2,3x                2,6x                     (0,2)
      Ratio of Liabilities to Equity
      Rasio Interest Bearing Debt to Total Equity
                                                                                                              1,7                 2,0                     (0,3)
      Ratio of Interest Bearing Debt to Total Equity



372      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 373
                                                              Analisa dan Pembahasan Manajemen
                                                              Management Discussion and Analysis




Kebijakan Struktur Modal                                   Capital Structure Policy

Perseroan menetapkan sejumlah rasio modal sesuai           The Company determines a number of capital ratios
proporsi terhadap risiko. Direksi dan Dewan Komisaris      in proportion to risk. Board of Directors and Board
mengelola struktur modal dan membuat penyesuaian           of Commissioners manages its capital structure and
dengan memperhatikan perubahan kondisi ekonomi,            makes adjustment by taking into account changes in
risk appetite tahun 2023, karakteristik risiko aset yang   economic conditions, risk appetite for the year 2023,
mendasari, serta peluang ekspansi Perseroan ke             risk characteristic of the underlying assets, as well as the
depannya.                                                  Company's future expansion opportunities.

Dasar Pemilihan Struktur Modal                             Basis for Selecting Capital Structure

Kebijakan manajemen atas struktur modal didasarkan         Management policy on capital structure is based on
untuk melindungi kemampuan Perseroan dalam                 protecting the Company's ability to maintain business
mempertahankan kelangsungan usaha sehingga dapat           continuity so that it can continue to provide returns for
tetap memberikan imbal hasil bagi Pemegang Saham           Shareholders and benefits for other stakeholders and
dan manfaat bagi pemangku kepentingan lainnya dan          maintain an optimal capital structure to reduce capital
mempertahankan struktur permodalan yang optimal            costs.
untuk mengurangi biaya modal.

Konsisten dengan entitas lain dalam industri,              Consistent with other entities in the industry, the Group
Kelompok Usaha memantau modal dengan dasar                 monitors capital on the basis of adjusted debt to capital
rasio utang terhadap modal yang disesuaikan. Rasio         ratio. This ratio is calculated as follows: net debt divided
ini dihitung sebagai berikut: utang neto dibagi modal      by adjusted capital. Net debt is total debt (as the amount
yang disesuaikan. Utang neto merupakan total utang         in the statements of financial position) minus cash and
(sebagaimana jumlah dalam laporan posisi keuangan)         cash equivalents. Adjusted capital consists of all equity
dikurangi kas dan setara kas. Modal yang disesuaikan       components (including share capital, exchange rate
terdiri dari seluruh komponen ekuitas (meliputi modal      differences on explanation of financial statements in
saham, selisih kurs penjabaran laporan keuangan dalam      foreign currency and retained earnings). In 2023, the
valuta asing dan saldo laba). Pada tahun 2023, strategi    Group's strategy has not changed, namely maintaining a
Kelompok Usaha tidak berubah yaitu mempertahankan          maximum debt to equity ratio of 5:1.
rasio utang terhadap ekuitas sebesar maksimum 5:1.




Ikatan Material Investasi Barang Modal
Capital Investment Material Commitment
Tidak terdapat ikatan material atas investasi barang       There were no material bonds for capital goods
modal di tahun 2023.                                       investment in 2023.




Investasi Barang Modal
Capital Expenditure
Investasi Barang Modal atau Capital Expenditure            Capital Goods Investment or Capital Expenditure (Capex)
(Capex) merupakan aktivitas pengeluaran dana yang          is spending funds activity used to purchase a number
digunakan untuk membeli sejumlah aset atau investasi       of assets or investments which are expected to provide
yang diharapkan dapat memberikan nilai manfaat di          beneficial value in the future.
masa depan.




                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                              373
Page 374
  Jenis dan Nilai Investasi                                                            Types and Value of Investment

  Capex yang terealisasi pada tahun 2023 adalah sebesar                                Capex realized in 2023 is Rp12,128.0 billion, 53.2% higher
  Rp12.128,0 miliar lebih tinggi 53,2% atau Rp4.212,6 miliar                           Rp4,212.6 billion compared to 2022. The following are
  dibandingkan tahun 2022. Berikut rincian terkait nilai                               details regarding investment value of the Company's
  investasi barang modal Perseroan:                                                    capital goods:

                                                        Tabel Jenis dan Nilai Investasi di Tahun 2023
                                                              Table of Types and Invesment Value in 2023


                                                                                                                                   (dalam jutaan Rupiah)
                                                                                                                                        (in million Rupiah)

                                  Jenis Investasi                                                                   Nilai
                                  Type of Investation                                                            Amount

      Belanja Modal Induk Perusahaan
                                                                                                                     2.792,0
      Capital Expenditure of Parent Company
        Operasional
                                                                                                                      1.192,0
        Operations
        Pengembangan Jalan Tol
                                                                                                                     1.529,8
        Toll Road Development
        Investasi Usaha Lain
                                                                                                                            2,4
        Other Business Investment
        Investasi Sarana Penunjang Non Operasional
                                                                                                                        67,8
        Investment of Non-Operational Supporting Facilities
        Belanja Modal pada Entitas Anak Jalan Tol
                                                                                                                    13.715,4
        Capital Expenditure of Toll Road Subsidiaries
      Belanja Modal pada Entitas Anak Usaha Lain
                                                                                                                      295,6
      Capital Expenditure of Other Business Subsidiaries
      Total Belanja Modal Konsolidasi
                                                                                                                    12.128,0
      Total Consolidated Capital Expenditure




  Pencapaian Target 2023 dan Target 2024
  Achievement of the 2023 Targets and 2024 Targets
  Perseroan telah menetapkan sejumlah target yang                                      The Company has set a number of targets to be
  hendak dicapai di tahun buku 2023 yang dituangkan                                    achieved in the 2023 financial year which outlined in the
  dalam Revisi Rencana Kerja dan Anggaran Perusahaan                                   2023 Revised Company Work Plan and Budget (RKAP).
  (RKAP) 2023. Perbandingan pencapaian beberapa                                        Achievement comparison of several targets set with
  target yang ditetapkan dengan realisasi tahun buku                                   realization for the 2023 financial year is as follows:
  2023 adalah sebagai berikut:

                                                             Tabel Perbandingan Target dan Realisasi
                                                        Tabel of Comparison Between Target and Realization


                                                                                                                                   (dalam miliar Rupiah)
                                                                                                                                        (in billion Rupiah)

                     Uraian                      Target 2023              Realisasi 2023            Pencapaian Target             Target 2024
                  Description                      2023 Target             2023 Realization          Target Achievement            2024 Target

                       (1)                              (2)                      (3)                (4) = (3)/(2) x 100%                (5)
                                                                             Keuangan
                                                                              Finance
      Total Aset
                                                     135.715                   129.312                     95,3%                     143.216
      Total Assets
      Total Pendapatan di Luar
      Konstruksi
                                                      15.189                   15.566                      102,5%                    18.509
      Total Non-Construction
      Revenue



374     Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 375
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                                           Tabel Perbandingan Target dan Realisasi
                                         Tabel of Comparison Between Target and Realization


                                                                                                                                    (dalam miliar Rupiah)
                                                                                                                                         (in billion Rupiah)

              Uraian                Target 2023          Realisasi 2023                  Pencapaian Target                        Target 2024
            Description              2023 Target          2023 Realization                 Target Achievement                      2024 Target

                (1)                      (2)                    (3)                       (4) = (3)/(2) x 100%                          (5)
 Laba Atribusi Induk
                                       1.807                   6.794                               376,0%                             2.778
 Attribution Profit of the Parent
 EBITDA                                9.729                   9.912                                101,9%                            11.561
 EBITDA Margin (%)                     64,1%                  63,7%                                 99,3%                             66,2%
 Belanja Modal
                                      18.030                  12.128                                76,2%                             16.376
 Capital Expenditure
                                                     Pengembangan Bisnis
                                                     Business Development
 Penambahan Panjang Jalan Tol
 Beroperasi (km)
                                        3,64                   3,64                                100,0%                             53,55
 Addition of Operational Toll
 Road Length (km)
                                                         Human Capital
 Persentase Milenial dalam Top
 Talent (orang)
                                       35,4%                  45,7%                                 129,1%                            50,0%
 Millennial Percentage in Top
 Talents (people)
                                                             Operasi
                                                            Operation
 Volume Lain ( juta transaksi)
 Other Volume (million                 1.275                   1.292                                101,3%                            1.309
 transactions)


Secara umum di tahun 2023, Perseroan mampu                            In general, in 2023, the Company was able to achieve
mencapai target yang telah ditetapkan. Dari aspek                     the targets set. From the financial aspect, the Company
keuangan, Perseroan mencatatkan peningkatan                           recorded a significant increase in profit attributable
signifikan atas laba diatribusikan ke induk. Hal ini sejalan          to parent. This is in line with the growth in operating
dengan pertumbuhan pendapatan usaha dengan                            revenues with tariff adjustments on schedule, control
penyesuaian tarif sesuai jadwal, pengendalian beban                   of operating expenses and interest expenses and the
usaha dan beban bunga serta efek kombinasi bisnis                     effect of business combination with the execution of the
dengan eksekusi buy back RDPT MIET di PT LMJ melalui                  buy back of RDPT MIET in PT LMJ through PT JTT.
PT JTT.

Dari aspek operasi, volume lalu lintas Perseroan                      In terms of operations, the Company's traffic volume is
masih mengalami pertumbuhan yang positif seiring                      still experiencing positive growth in line with the normal
dengan mobilitas masyarakat yang kembali normal dan                   mobility of the community and the end of the Corona
berakhirnya status pandemi Corona Virus Disease 2019                  Virus Disease 2019 (COVID-19) pandemic status as of
(COVID-19) per tanggal 22 Juni 2023.                                  June 22, 2023.

Perseroan telah menyiapkan langkah mitigasi risiko                    The Company has prepared risk mitigation steps in order
dalam rangka mencapai target kinerja di tahun 2024.                   to achieve performance targets in 2024. As business
Seiring dengan perkembangan bisnis yang semakin                       development continues to improve, the Company
membaik, Perseroan memfokuskan upayanya dalam                         focuses its efforts on increasing competitiveness hence
meningkatkan daya saing sehingga dapat mencapai                       it can achieve long-term business sustainability. The
keberlanjutan bisnis dalam jangka panjang. Manajemen                  Company's management has prepared a work plan for
Perseroan telah menyusun rencana kerja untuk tahun                    2024 taking into account economic conditions and the
2024 dengan mempertimbangkan kondisi ekonomi dan                      toll road industry in 2023 as well as national economic
industri jalan tol tahun 2023 serta proyeksi perekonomian             projections.
nasional.




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                               375
Page 376
  Informasi dan Fakta Material Setelah Tanggal
  Laporan Akuntan
  Subsequent Material Information And Facts After The
  Accountant’s Report Date
  Peristiwa Setelah Tanggal Pelaporan                                  Events After the Reporting Dates

  1. Berdasarkan Akta Notaris No. 02 tanggal 30 Januari                1. Based on Notarial Deed No. 02 dated January 30,
     2024 dari Notaris Inne Kusumawati, S.H., dijelaskan                  2024 from Notary Inne Kusumawati, S.H., it was
     bahwa Perusahaan melakukan pengalihan saham                          explained that the Company transferred shares
     melalui proses lelang milik PT Istaka Karya (Persero)                through an auction process belonging to PT Istaka
     (Dalam Pailit) sebanyak 231.069 lembar saham                         Karya (Persero) (In Bankruptcy) totaling 231,069
     dengan nilai nominal Rp2.103                                         shares with a nominal value of Rp2,103
  2. Pada tanggal 01 Februari 2024, Perusahaan melakukan               2. On February 1, 2024, the Company made a bank debt
     pembayaran utang bank sebesar Rp200.000 pada PT                      payment of Rp200,000 to PT Bank Mandiri (Persero)
     Bank Mandiri (Persero) Tbk.                                          Tbk.
  3. Berdasarkan Keputusan Menteri Pekerjaan Umum                      3. Based on the Decree of the Minister of Public Works
     dan Perumahan Rakyat (PUPR) No. 254/KPTS/M/2024                      and Public Housing (PUPR) No. 254/KPTS/M/2024
     tanggal 2 Februari 2024, tarif tol terjauh ruas Junction             dated February 2, 2024, the farthest toll rates of the
     Serpong - Pamulang, yang dioperasikan oleh PT                        Serpong - Pamulang Junction section, operated by PT
     Cinere Serpong Jaya adalah sebagai berikut:                          Cinere Serpong Jaya are as follows:

                                                                                  Golongan
         No.                   Ruas
                                                             I        II              III             IV               V
                      Junction Serpong -
          1                                                12.000   18.000          18.000          24.000          24.000
                          Pamulang


  4. Berdasarkan Akta Notaris No. 07 tanggal 2 Februari                4. Based on Notarial Deed No. 07 dated February 2,
     2024 dari Notaris Ir. Nanette Cahyanie Handari Adi                   2024 from Notary Ir. Nanette Cahyanie Handari Adi
     Warsito, S.H., Perusahaan melakukan penyertaan                       Warsito, S.H., the Company invested in PT Jasamarga
     modal perseroan secara tunai kepada PT Jasamarga                     Jogja Bawen of Rp105,463 or as many as 105,463
     Jogja Bawen sebesar Rp105.463 atau sebanyak                          shares in cash.
     105.463 lembar saham.
  5. Berdasarkan perubahan perjanjian nomor 014/PP/                    5. Based on the amendment of agreement number
     EB/0124 tanggal 5 Februari 2024, PT Bank Danamon                     014/PP/EB/0124 dated February 5, 2024, PT Bank
     Indonesia Tbk menyetujui usulan Perusahaan untuk                     Danamon Indonesia Tbk approved the Company's
     mengubah jangka waktu Fasilitas Kredit yang semula                   proposal to change the Credit Facility period which
     berakhir tanggal 21 Oktober 2024 menjadi tanggal 21                  originally ended on October 21, 2024 to October 21,
     Oktober 2026.                                                        2026.
  6. Berdasarkan perubahan perjanjian nomor 015/PP/                    6. Based on the amendment of agreement number
     EB-Syariah/0124 tanggal 5 Februari 2024, PT Bank                     015/PP/EB-Syariah/0124 dated February 5, 2024, PT
     Danamon Indonesia Tbk – Unit Usaha Syariah                           Bank Danamon Indonesia Tbk Sharia Business Unit
     menyetujui usulan Perusahaan untuk mengubah                          approved the Company's proposal to change the
     jangka waktu Fasilitas Pembiayaan Musyarakah yang                    period of the Musyarakah Financing Facility which
     semula berakhir tanggal 21 Oktober 2024 menjadi                      originally ended on October 21, 2024 to October 21,
     tanggal 21 Oktober 2026.                                             2026.
  7. Pada tanggal 23 Februari 2024, Perusahaan                         7. On February 23, 2024, the Company made a bank
     melakukan pembayaran utang bank sebesar                              debt payment of Rp300,000 to PT Bank Danamon
     Rp300.000 pada PT Bank Danamon Indonesia.                            Indonesia.
  8. Pada tanggal 29 Februari 2024, Perusahaan                         8. On February 29, 2024, the Company made a bank
     melakukan penarikan utang bank sebesar Rp400.000                     debt withdrawal of Rp400,000 to PT Bank Negara
     pada PT Bank Negara Indonesia (Persero) Tbk.                         Indonesia (Persero) Tbk.
  9. Pada tanggal 29 Februari 2024, Perusahaan                         9. On February 29, 2024, the Company made a bank
     melakukan pembayaran utang bank sebesar                              debt payment of Rp500,000 to PT Bank Permata Tbk.
     Rp500.000 pada PT Bank Permata Tbk.


376   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 377
                                                               Analisa dan Pembahasan Manajemen
                                                               Management Discussion and Analysis




Prospek Usaha
Business Prospect
Saat ini, Indonesia sudah mengandalkan jalan tol sebagai    Currently, Indonesia already relies on toll roads as inter-
jalur transportasi antardaerah. Peran jalan tol sangat      regional transportation routes. The role of toll roads is
signifikan bagi perkembangan suatu daerah. Instruksi        very significant for region development. President's
Presiden terkait pentingnya untuk meningkatkan              instructions in relation to the importance of increasing
kecepatan transportasi masyarakat hingga mobilitas          the speed of public transportation and the mobility of
barang. Berbekal kecepatan ini, distribusi barang dan       goods. Armed with this speed, the distribution of goods
logistik pun menjadi lebih efektif dan efisien, sehingga    and logistics becomes more effective and efficient,
dapat mengurangi biaya logistik. Tingginya ongkos           thereby reducing logistics costs. High logistics costs
logistik yang berdampak pada masalah harga barang/          which have impact on the price of goods/services and
jasa dan disparitas harga antar daerah pun bisa teratasi.   price disparities between regions can be resolved.

Industri infrastruktur, termasuk jalan tol menjadi magnet   The infrastructure industry, including toll roads, has
bagi investor swasta untuk mendukung perceoatan             become a magnet for private investors to support the
tercapainya target sepanjang lebih dari 5.000 km pada       acceleration of achieving the target of more than 5,000
akhir 2024. Pemerataan Pembangunan jalan tol di seluruh     km by the end of 2024. Equitable development of toll
Indonesia termasuk pembangungan Ibu Kota Negara             roads throughout Indonesia, including development of
(IKN) Nusantara menjadi Proyek Strategis Nasional           Capital City of Nusantara as National Strategic Project,
meningkatkan prospek usaha bagi investor yang               increases business prospects for investors who focus
berfokus pada industri infrastruktur untuk membangun        on the infrastructure industry to build toll roads that is
jalan tol tidak hanya terpusat pada pulau Jawa, seiring     not only focused on the island of Java, in line with this
dengan pertumbuhan tersebut Perseroan dengan                growth the Company and all its subsidiaries are optimistic
seluruh anak usahanya optimis untuk terus berkembang        about continuing to develop to improve performance in
untuk meningkatkan kinerja dalam pengoperasian jalan        operating toll roads in Indonesia.
tol di Indonesia.



Aspek Pemasaran
Marketing Aspect

Pangsa Pasar                                                Market Share

Upaya pemerintah untuk meningkatkan mobilitas               One of government's efforts to increase community
masyarakat salah satunya melalui Keputusan Presiden         mobility is through Decree of the President of the Republic
Republik Indonesia nomor 17 tahun 2023 tentang              of Indonesia No. 17 of 2023 on the determination of the
penetapan berakhirnya status pandemi COVID-19 di            end of the COVID-19 pandemic status in Indonesia on
Indonesia tanggal 22 Juni 2023 sehingga pergerakan          June 22, 2023, hence community movement returns to
masyarakat kembali menuju kondisi normal dan                normal conditions and economy gradually recovers. In
perkonomian berangsur pulih. Selain itu, kebijakan          addition, Government's policy regarding a longer Eid
Pemerintah terkait masa libur lebaran yang lebih panjang    holiday period in 2023 has proven capable of increasing
di tahun 2023 terbukti mampu meningkatkan volume lalu       the volume of vehicle traffic crossing toll roads
lintas kendaraan yang melintasi jalan tol dibandingkan      compared to 2022. This of course has positive impact
dengan tahun 2022. Hal ini tentunya berdampak positif       on performance growth of toll road industry in general
terhadap pertumbuhan kinerja industri jalan tol pada        and the Company's business in particular.
umumnya dan bisnis Perseroan khususnya.

Pada tahun 2023, Perseroan mencatatkan adanya               In 2023, the Company recorded the addition of new
penambahan konsesi jalan tol baru yaitu ruas jalan tol      toll road concession, namely the 37.05 km Patimban
Akses Patimban sepanjang 37,05 km. Namun, Perseroan         Access toll road section. However, the Company also
juga mencatatkan pengurangan panjang konsesi jalan          recorded reduction in the length of the Company's toll
tol Perseroan dimana pada Februari 2023 dilakukan           road concession where in February 2023 returned the
pengembalian konsesi ruas jalan tol Gedebage -              concession for Gedebage - Tasikmalaya - Cilacap toll
Tasikmalaya - Cilacap sepanjang 206,65 km kepada            road section of 206.65 km to the Government, hence
Pemerintah, sehingga sampai dengan triwulan IV 2023,        by fourth quarter of 2023, the Company had toll road
Perseroan memiliki konsesi jalan tol sepanjang 1.736 km.    concession of 1,736 km.

                                                                                            Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                               377
Page 378
  Selain itu, Perseroan mengembangkan bisnis usaha                               In addition, the Company is developing business in the
  di lini bisnis konsesi jalan tol dengan membangun                              toll road concession business line by building several
  beberapa ruas jalan tol baru. Adapun pembangunan                               new toll road sections. As for construction of new toll
  proyek jalan tol baru s.d. akhir tahun 2023 menunjukan                         road projects up to the end of 2023 shows progress as
  kemajuan sebagai berikut:                                                      follows:

  Wilayah Jabodetabek                                                            Jabodetabek Area
  • Pada proyek Jakarta-Cikampek II Sisi Selatan                                 • In 62 km of Jakarta-Cikampek II South Side project,
     sepanjang 62 km, progres akuisisi lahan telah                                 land acquisition progress has reached 76.43% and
     mencapai 76,43% dan progres kontruksi telah                                   construction progress has reached 30.23%.
     mencapai 30,23%.

  Wilayah Pulau Jawa                                                             Java Island Region
  • Pada proyek Probolinggo-Besuki sepanjang 49 km                               • In 49 km of Probolinggo-Besuki project as part of
     sebagai bagian dari proyek Probolinggo Banyuwangi,                             Probolinggo-Banyuwangi project, land acquisition
     progres akuisisi lahan telah mencapai 96,28% dan                               progress has reached 96.28% and construction
     progres kontruksi mencapai 21,37%.                                             progress has reached 21.37%.
  • Pada proyek Yogyakarta-Bawen sepanjang 75,82 km,                             • In the 75.82 km Yogyakarta-Bawen project, land
     progres akuisisi lahan telah mencapai 28,40% dan                               acquisition progress has reached 28.40% and
     progres kontruksi telah mencapai 14,51%.                                       construction progress has reached 14.51%.
  • Pada proyek Kediri-Kertosono sepanjang 20,3 km                               • On 20.3 km of Kediri-Kertosono project as part of
     sebagai bagian dari proyek Ngawi-Kertosono-Kediri,                             Ngawi Kertosono-Kediri project, land acquisition
     progres akuisisi lahan dan progress kontruksi masih                            progress and construction progress have not yet begun.
     belum dimulai.
  • Pada proyek Akses Patimban sepanjang 12 km km,                               • On 12 km of Patimban Access project, land acquisition
     progres akuisisi lahan telah mencapai 50,19% dan                              progress has reached 50.19% and construction
     progress kontruksi masih belum dimulai.                                       progress has not yet begun.

  PT Jasa Marga (Persero) Tbk menguasai 47% pangsa                               PT Jasa Marga (Persero) Tbk controls 47% of market
  pasar dari total jalan tol beroperasi di Indonesia. Dengan                     share of total toll roads operating in Indonesia. Thus,
  demikian, Perseroan memiliki konsesi jalan tol sepanjang                       the Company has a toll road concession of 1,736 km
  1.736 km dan 1.264 km di antaranya telah beroperasi.                           of which 1,264 km is operating. Jasa Marga believes
  Jasa Marga meyakini bahwa posisi Jasa Marga sebagai                            that its position as the largest toll road company in
  perusahaan jalan tol terbesar di Indonesia akan terus                          Indonesia will continue to be consistent in meeting the
  konsisten dalam memenuhi kebutuhan masyarakat                                  needs of individual communities and goods and service
  individu dan perusahaan barang dan jasa yang                                   companies with high mobility to continue providing safe
  bermobilitas tinggi untuk terus menyediakan layanan                            and comfortable toll road services.
  jalan tol yang aman dan nyaman.

                                                           Grafik Pangsa Pasar Jalan Tol Beroperasi
                                                             Graph of Operating Toll Road Market Share



                                                                                                          Jalan Tol Jasa Marga
                                                                                                          Jasa Marga Toll Road



                                                                                                              47%
                 Jalan Tol Badan Usaha
                   Jalan Tol (BUJT) Lain
                Other Toll Road Toll Road
                  Business Entities (BUJT)



                        53%
378   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 379
                                                              Analisa dan Pembahasan Manajemen
                                                              Management Discussion and Analysis




Strategi Pemasaran                                         Marketing Strategy

Bidang Pengembangan Jalan Tol                              Toll Road Development Field

Perseroan senantiasa berupaya untuk menjadi                The Company always strives to become a toll road
pemimpin bisnis jalan tol di seluruh rantai nilai secara   business leader throughout the value chain in
profesional dan berkesinambungan. Salah satu strategi      professional and sustainable manner. One of the
yang dilakukan adalah berfokus pada pembangunan            strategies implemented is to focus on building toll
proyek jalan tol yang terkoneksi langsung dengan jalan     road projects that are directly connected to existing
tol yang sudah ada dan seluruhnya berlokasi di pulau       toll roads and are all located on the island of Java. The
Jawa. Adapun pembangunan dilakukan secara bertahap         development is carried out in stages and in accordance
dan menyesuaikan dengan kapabilitas finansial              with the Company's financial capabilities. The Company
Perseroan. Perseroan juga memperluas jaringan jalan        also expand its toll road network by adding concession
tol yang dimiliki dengan menambah kepemilikan              ownership to new toll road sections that have a
konsesi ruas jalan tol baru yang memiliki tingkat          commercially viable rate of return on investment through
pengembalian investasi yang layak secara komersial         Jasa Marga's participation in the tender (auction) scheme
melalui keikutsertaan Jasa Marga dalam skema tender        initiated by the Government through the Toll Road
(lelang) yang diinisiasi oleh Pemerintah melalui Badan     Regulatory Agency (BPJT), acquisition of ownership
Pengatur Jalan Tol (BPJT), akuisisi kepemilikan saham      shares from other parties to be able to have concession
dari pihak lain untuk dapat memiliki hak konsesi dari      rights for previously established toll roads, whether still
jalan tol yang telah berdiri sebelumnya baik yang masih    under construction or operation, or can also be done
dalam tahap konstruksi maupun operasi, atau dapat juga     by submitting an initiative project to the Government
dilakukan dengan mengajukan proyek prakarsa kepada         for potential toll roads that Jasa Marga considers to
Pemerintah untuk ruas-ruas tol potensial yang dianggap     have good feasibility in accordance with Jasa Marga's
Jasa Marga memiliki kelayakan yang baik yang sesuai        capacity.
dengan kapasitas yang dimiliki Jasa Marga.

Bidang Pengoperasian Jalan Tol                             Toll Road Operating Field

Di bidang pengoperasian jalan tol, Perseroan melalui       In the field of toll road operations, the Company through
PT Jasamarga Tollroad Operator (JMTO) senantiasa           PT Jasamarga Tollroad Operator (JMTO) always realizing
mewujudkan komitmennya untuk mempertahankan                its commitment to maintain service quality while still
kualitas pelayanan dengan tetap memenuhi Standar           meeting the Minimum Service Standards (SPM) and
Pelayanan Minimal (SPM) dan Service Level Agreement        Service Level Agreement (SLA). PT JMTO continues to
(SLA). PT JMTO terus membangun keunggulan bersaing         build competitive advantages through implementation
melalui penerapan teknologi di bidang operasi, antara      of technology in the field of operations, including: (i)
lain: (i) Melakukan pengembangan bisnis GetPark            Developing GetPark business as a parking system that
sebagai sistem parkir yang memiliki keunggulan             has the advantage of RFID-based contactless parking
transaksi parkir nirsentuh berbasis RFID sehingga tidak    transactions so that there is no need to tap card when
perlu melakukan tapping kartu pada saat berada di gate     at gate in and gate out; (ii) Development of Let it flo
in dan gate out; (ii) Pengembangan aplikasi Let it flo     application, an RFID-based toll transaction system that
yaitu sistem transaksi tol berbasis RFID yang terkoneksi   is connected to road users' smartphones to support
dengan smartphone pengguna jalan untuk mendukung           smooth and accelerated toll road transaction services; (iii)
kelancaran dan percepatan layanan transaksi jalan tol;     Implementing an Intelligent Transport System (ITS) that
(iii) Mengimplementasikan Intelligent Transport System     is integrated with Jasamarga Integrated Digitalmap (JID)
(ITS) yang terintegrasi dengan dashboard Jasamarga         dashboard to ensure accuracy and acceleration in the
Integrated Digitalmap (JID) untuk menjamin keakuratan      delivery of traffic information and communication to toll
dan percepatan penyampaian informasi dan komunikasi        road users and other stakeholders; (iv) Getoll business
lalu lintas kepada pengguna jalan tol maupun para          development for Payment Gateway (PG) which is a new
pemangku kepentingan lainnya; (iv) Pengembangan            business innovation that provide, process and manage
bisnis Getoll untuk Payment Gateway (PG) yang              digital payment ecosystem between PT JMTO, Source of
merupakan inovasi bisnis baru yang menyediakan,            Fund and Merchant, especially related to transactions via
memproses, dan mengelola ekosistem pembayaran              server-based digital payment, and (v ) Getpay business
digital antara PT JMTO, Source of Fund, dan Merchant       development as a Point of Sales.
khususnya terkait dengan transaksi melalui pembayaran
digital berbasis server, dan (v) Pengembangan bisnis
Getpay sebagai Point of Sales.




                                                                                           Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                              379
Page 380
  Bidang Preservasi Jalan Tol                                   Toll Road Preservation Field

  Dalam bidang preservasi jalan tol, melalui anak               In the field of toll road preservation, through its subsidiary,
  usahanya yaitu PT Jasamarga Tollroad Maintenance (PT          PT Jasamarga Tollroad Maintenance (PT JMTM), the
  JMTM), Perseroan memastikan terpenuhinya Standar              Company ensures the fulfillment Until the end of 2023,
  Pelayanan Minimal (SPM) Jalan Tol sesuai dengan               PT JMTM has recorded the acquisition of preservation
  Keputusan Menteri PUPR No. 16/PRT/M/2014 tahun 2014.          management contracts for 20 toll road sections along
  Hingga akhir tahun 2023, PT JMTM telah mencatatkan            1,110.9 km. In addition to the Management Contract, PT
  perolehan kontrak manajemen preservasi untuk 20 ruas          JMTM also participates in preservation construction
  jalan tol sepanjang 1.110,9 km. Selain melalui Kontrak        tenders (auctions) initiated by BUJT and contractor
  Manajemen, PT JMTM juga mengikuti tender (lelang)             companies by producing work that is of the right quality,
  konstruksi preservasi yang diinisiasi oleh BUJT maupun        on time, and at the right cost.
  perusahaan kontraktor dengan menghasilkan pekerjaan
  yang tepat mutu, tepat waktu, dan tepat biaya.

  Dalam rangka penerapan teknologi di bidang preservasi,        In order to apply technology in the field of
  PT JMTM telah menerapkan beberapa inovasi antara lain         preservation,    PT     JMTM     has     implemented
  yaitu implementasi teknologi Intelligent Maintenance          several     innovations,    among      others,   the
  System (IMS) dengan penilaian kinerja keselamatan             implementation of Intelligent Maintenance technology
  jalan menggunakan metode iRAP STAR Rating dan                 System (IMS) with road safety performance
  pengembangan Aplikasi Smart Penerangan Jalan Umum             assessment using the iRAP STAR Rating method
  (PJU) yaitu sistem yang mengintegrasikan P(JMTM),ol           and the development of the Smart Public Street
  dengan perangkat Internet of Things (IoT) dan jaringan        Lighting (PJU) Application, a system that integrates
  komunikasi sehingga mempermudah proses monitoring             toll road PJUs with Internet of Things (IoT) devices
  kondisi dan perbaikan PJU.                                    and communication networks to facilitate the process
                                                                of monitoring the condition and repair of PJUs.



  Bidang Pengembangan Usaha Prospektif                          Prospective Business Development Field

  Pengembangan bisnis prospektif yang dijalankan                Prospective Business Development Prospective
  oleh Perseroan saat ini terkait bidang pengembangan           business development carried out by the Company
  properti/Toll Corridor Development (TCD), Tempat              is currently related to property development/Toll
  Istirahat dan Pelayanan (TIP), iklan dan utilitas, building   Corridor Development (TCD), Rest and Service Area
  management, serta bisnis komersil secara keseluruhan          (TIP), advertising and utilities, building management,
  dikelola oleh PT Jasamarga Related Business (JMRB).           and commercial business as a whole managed by PT
                                                                Jasamarga Related Business (JMRB).




380   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 381
                                                           Analisa dan Pembahasan Manajemen
                                                           Management Discussion and Analysis




Kebijakan dan Pembayaran Dividen
Dividend Policy and Payment

Kebijakan Dividen                                       Dividend Policy

Berdasarkan Undang-Undang No. 40 Tahun 2007             Based on Law No. 40 of 2007 on Limited Liability
tentang Perseroan Terbatas, pembayaran dividen          Companies, dividend payments conducted based on the
dilakukan berdasarkan keputusan Rapat Umum              decision of the General Meeting of Shareholders.
Pemegang Saham.

Perseroan selalu berupaya untuk memperhatikan hak       The Company always strives to pay attention to the
para pemegang saham dengan tetap memperhatikan          rights of shareholders while still paying attention to the
kondisi keuangan dan kinerja Perseroan pada tahun       Company's financial condition and performance in the
berjalan. Kebijakan Dividen Perseroan sebagaimana       current year. The Company's Dividend Policy as stated
telah dinyatakan dalam Prospektus adalah sebesar        in the Prospectus is 20%. However, there is no certainty
20%. Namun demikian, tidak terdapat kepastian bahwa     that the Company will be able to distribute dividends for
Perseroan akan dapat melakukan pembagian dividen        each financial year. The Company's dividend distribution
untuk setiap tahun buku. Keputusan pembagian dividen    decision is related to several considerations, including,
Perseroan dikaitkan dengan beberapa pertimbangan        net profit in the fiscal year, the Company's obligation to
antara lain, laba bersih pada tahun fiskal, kewajiban   allocate reserve funds in accordance with applicable
Perseroan untuk mengalokasikan dana cadangan            regulations and the need for funds for further business
sesuai dengan peraturan yang berlaku dan kebutuhan      expansion plans, without reducing the rights of the
dana untuk rencana ekspansi bisnis lebih lanjut,        Annual General Meeting of Shareholders (AGMS) to
tanpa mengurangi hak dari Rapat Umum Pemegang           determine in accordance with the provisions of the
Saham Tahunan (RUPST) untuk menentukan sesuai           Company's Articles of Association. By taking into account
dengan ketentuan Anggaran Dasar Perseroan. Dengan       the Company's financial position and/or health level,
tetap memperhatikan posisi keuangan dan/atau            the targeted dividend policy is 10%-15% of net profit,
tingkat kesehatan Perseroan, kebijakan dividen yang     unless otherwise determined by the General Meeting of
ditargetkan adalah sebesar 10%-15% dari laba bersih,    Shareholders.
kecuali ditentukan lain oleh Rapat Umum Pemegang
Saham.

Sesuai peraturan yang berlaku, Perseroan wajib          In accordance with applicable regulations, the Company
melaksanakan pembayaran dividen tunai kepada            is obliged to pay cash dividend to entitled shareholders
pemegang saham yang berhak paling lambat 30 (tiga       no later than 30 (thirty) days after the announcement of
puluh) hari setelah diumumkannya ringkasan risalah      summary of AGMS minutes which decide the distribution
RUPST yang memutuskan pembagian dividen tunai           of cash dividend if the Company decides to pay
apabila Perseroan memutuskan melakukan penyetoran       dividends.
dividen.



Pembayaran Dividen                                      Dividend Payment

Pada tahun 2023, berdasarkan keputusan RUPST            In 2023, based on decision of the Company's AGMS
Perseroan tanggal 10 Mei 2023, Perseroan menetapkan     dated May 10, 2023, the Company determined to
untuk membagikan dividen tunai sebesar 20% atau         distribute cash dividend of 20% or Rp549,376,814,466,
Rp549.376.814.466, sehingga dividen bagian Negara       hence the dividend share of Republic of Indonesia for
RI atas kepemilikan 70% saham adalah sebesar            ownership of 70% of the shares is Rp384,563,770,126.
Rp384.563.770.126.




                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                           381
Page 382
                                                               Tabel Pembayaran Dividen
                                                                Table of Dividend Payment


                                                                                                                            (dalam miliar Rupiah)
                                                                                                                                (in billion Rupiah))

                                          Tahun Buku            Tahun Buku            Tahun Buku         Tahun Buku          Tahun Buku
              Uraian
                                            Fiscal Year          Fiscal Year           Fiscal Year        Fiscal Year           Fiscal Year
            Description
                                               2023                 2022                  2021               2020                  2019

  Laba Bersih
                                                    6.793,6             2.746,9                1.615,3              501,1                 2.207,1
  Net Profit
  Jumlah Saham Beredar
                                            7.257.871.200        7.257.871.200         7.257.871.200      7.257.871.200         7.257.871.200
  Total Shares Outstanding
  Laba Bersih per Saham
  (Rupiah penuh)
                                                      936,0               378,5                 222,6               69,0                    304,1
  Earning per Share
  (full Rupiah)
  Jumlah Dividen yang
  Dibayarkan                                               *              549,4                      -                  -                    110,4
  Dividend Paid
  Rasio Pembayaran
  Dividen                                                  *                   20%                   -                  -                      5%
  Dividend Payout Ratio
  Dividen per Saham
  (Rupiah penuh)
                                                           *              75,69                      -                  -                   15,20
  Dividends per Share
  (full Rupiah amount)
  Tanggal Pengumuman
  Dividen                                                         12 Mei 2023                                                    11 Juni 2020
                                                           *                                         -                  -
  Dividen Announcement                                           May 12, 2023                                                   June 11, 2020
  Date
  Tanggal Pembayaran
                                                                 09 Juni 2023                                                    28 Mei 2019
  Dividen                                                  *                                         -                  -
                                                                June 09, 2023                                                   May 28, 2019
  Date of Dividend Payment
  *Akan diputuskan pada RUPS Tahunan Tahun Buku 2023
  *It will be decided at Annual GMS FY 2023




  Adapun besaran dividen dan pembayaran dividen atas                             Amount of dividend and dividend payments for financial
  kinerja keuangan tahun buku 2023 akan diputuskan                               performance for the 2023 financial year will be decided
  pada Rapat Umum Pemegang Saham Tahunan tahun                                   at the Annual General Meeting of Shareholders for the
  buku 2023 yang akan diselenggarakan di tahun 2024.                             2023 financial year which will be held in 2024.




382   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 383
                                                             Analisa dan Pembahasan Manajemen
                                                             Management Discussion and Analysis




Program Kepemilikan Saham oleh Karyawan
dan Manajemen (ESOP/MSOP)
Program of Share Ownership by Employees and Management
(ESOP/MSOP)

Hingga akhir tahun 2023, Perseroan tidak memiliki         Until the end of 2023, the Company does not have
program Kepemilikan Saham oleh Karyawan dan               an Employee and Management Stock Ownership
Manajemen atau Employee Stock Option Program              program or Employee Stock Option Program (ESOP) and
(ESOP) dan Management Stock Option Program (MSOP).        Management Stock Option Program (MSOP).




Program Employee Stock Allocation (ESA)
Employee Stock Allocation (ESA) Program

Program ESA                                               ESA Program

Perseroan memiliki program Penjatahan Saham               The Company has Employee Stock Allocation (ESA)
Karyawan atau Employee Stock Allocation (ESA) yang        program which aims to ensure that employees have
bertujuan agar karyawan memiliki sense of belonging       sense of belonging to the Company in the hope of
terhadap Perseroan dengan harapan dapat memacu            increasing work productivity, which in turn has an impact
produktivitas kerja, yang pada gilirannya berdampak       on overall corporate performance.
pada kinerja korporasi secara keseluruhan.

Program ESA terdiri dari:                                 The ESA program consists of:
1. Saham Bonus                                            1. Bonus Share
   Komisaris (selain Komisaris Independen), Direksi dan      Board of Commissioners (other than Independent
   seluruh karyawan tetap Perseroan yang memenuhi            Commissioner), Board of Directors and all permanent
   kriteria tertentu dapat menerima Saham Bonus pada         employees of the Company who meet certain criteria
   saat Penawaran Umum Perdana atau Initial Public           can receive Bonus Share during the Initial Public
   Offering (IPO) sebesar ekuivalen dengan satu bulan        Offering (IPO) in the amount equivalent to one month's
   gaji bulan Juni 2007. Perseroan mengantisipasi            salary for June 2007. The Company anticipates
   untuk memberikan sekitar 11.862.000 saham di              giving out approximately 11,862. 000 shares in the
   dalam skema Saham Bonus yang diberikan kepada             Bonus Share scheme given to non-Independent
   Komisaris non Independen, Direksi dan karyawan            Commissioner, Board of Directors and employees
   masing-masing sebesar 1,70% dan 98,30%.                   amounting to 1.70% and 98.30% respectively.

2. Saham Jatah Pasti                                      2. Certain Ratio Share
   Selain Saham Bonus, peserta juga diberi kesempatan        Apart from Bonus Share, participant also given the
   membeli Saham Jatah Pasti pada saat IPO. Jumlah           opportunity to purchase Certain Ratio Share during
   Saham Jatah Pasti sekitar 192.138.000 lembar saham.       the IPO. The number of Certain Ratio Share is around
   Saham Jatah Pasti diberlakukan penjatahan secara          192,138,000 shares. Certain Ratio Share is subject to
   proporsional berdasarkan gaji bulanan karyawan dan        proportional allotment based on employee's monthly
   beberapa pembatasan tertentu lainnya.                     salary and certain other restrictions.




                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                             383
Page 384
  Jumlah Saham ESA                                         Amount of ESA

  RUPS Luar Biasa pada tanggal 12 September 2007           The Extraordinary GMS on September 12, 2007
  menyetujui pelaksanaan Program ESA, dengan               approved the ESA Program implementation, by providing
  memberikan kesempatan bagi peserta untuk memiliki        participant with opportunity to own a maximum of 10% of
  maksimum 10% dari saham yang ditawarkan kepada           the shares offered to public (or 204,000,000 shares).
  publik (atau sebanyak 204.000.000 lembar).



  Jangka Waktu ESA                                         Duration of ESA

  Saham bonus merupakan salah satu program ESA, tidak      Bonus share is one of the ESA programs, it cannot be
  dapat dijual maupun dipindahtangankan selama 3 (tiga)    sold or transferred for 3 (three) years (lock up period).
  tahun (periode lock up).



  Persyaratan Peserta Program ESA                          Requirement for ESA Program Participant

  Sesuai Surat Keputusan Direksi No. 182.1/KPTS/2007       In accordance with Decree of the Board of Directors No.
  tentang Program Kepemilikan Saham oleh Karyawan          182.1/KPTS/2007 on the Share Ownership Program by
  dan Manajemen PT Jasa Marga (Persero) Tbk, peserta       Employees and Management of PT Jasa Marga (Persero)
  program ESA adalah Karyawan Tetap, Direksi, Dewan        Tbk, participant in the ESA program are Permanent
  Komisaris yang bukan Komisaris Independen, Sekretaris    Employees, Board of Directors, Board of Commissioners
  Dewan Komisaris, dan Staf Sekretaris Direksi yang        who are not Independent Commissioner, Secretary
  tercatat dalam Administrasi Sistem Informasi Manajemen   of the Board of Commissioners, and Secretarial Staff
  Sumber Daya Manusia Perseroan pada tanggal 31            of the Board of Directors who are registered in the
  Oktober 2007.                                            System Administration of Company Human Resources
                                                           Management Information on October 31, 2007.

  Harga Exercise                                           Exercise Price

  Program ESA tidak memiliki harga exercise. Harga         The ESA program does not have exercise price. Share
  saham pada saat IPO adalah sebesar Rp1.700 per lembar    price at the time of IPO was Rp1,700 per share.
  saham.




384   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 385
                                                                               Analisa dan Pembahasan Manajemen
                                                                               Management Discussion and Analysis




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

Realisasi Penggunaan Obligasi                                               The Use of Funds from the Public Offer

Perseroan menerbitkan Obligasi Berkelanjutan II Jasa                        The Company issued Shelf Registration Bond II Jasa
Marga Tahap I Tahun 2020 dengan tingkat bunga tetap                         Marga Phase I Year 2020 with a fixed interest rate of
sebesar Rp2,0 triliun pada 8 September 2020. Sesuai                         Rp2.0 trillion on September 8, 2020. Based on the
dengan prospektus, dana hasil Penawaran Umum                                prospectus, the proceeds from Bonds Public Offering
Obligasi setelah dikurangi dengan biaya-biaya emisi                         after net of the underwriting costs will be used entirely
akan digunakan seluruhnya untuk modal kerja Jasa                            as Jasa Marga’s working capital.
Marga.



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


                                                                                                                                         (dalam jutaan Rupiah)
                                                                                                                                              (in million Rupiah)

                                                                   Uraian                                  Rencana
                                                                                                                               Realisasi
                                                                 Description                             Penggunaan
                                                                                                                             Penggunaan          Sisa Dana
                                                                                                             Dana
                                                                                                                                 Dana               Hasil
                                               Jumlah Hasil                                                Menurut
       Jenis Penawaran         Tanggal                             Biaya                                                       Menurut           Penawaran
                                                Penawaran                                                 Prospektus
            Umum                Efektif                          Penawaran            Hasil                                   Prospektus           Umum
 No                                               Umum                                                     Proceeds
         Type of Public        Effective                           Umum              Bersih                                    Proceeds          Remaining
                                                 Number                                                    Utilization
           Offering              Date                              Public             Net                                     Realization        Funds from
                                                 of Public                                                    Plan
                                                                  Offering           Results                                  According            Public
                                                 Offering                                                 According
                                                                    Fee                                                          to the           Offering
                                                  Results                                                    to the
                                                                                                                              Prospectus
                                                                                                          Prospectus
  1   Obligasi               8                   2.000.000          8.100          1.991.899               1.991.899           1.991.899               0
      Berkelanjutan          September
      II Jasa Marga          2020
      Tahap I Tahun          September 8,
      2020                   2020
      Jasa Marga
      Continuing Public
      Offering Bond II
      Phase I Year 2020



Adapun rincian realisasi penggunaan dana Obligasi                           Details of the realization of use of Bond funds are as
adalah sebagai berikut:                                                     follows:

                                           Tabel Rincian Realisasi Penggunaan Dana Obligasi
                                                  Table of Detail Bonds Proceeds Realization


                                                                                                                                         (dalam Rupiah penuh)
                                                                                                                                                (in fully Rupiah)

                          Realisasi Penggunaan Dana Obligasi                                                                Jumlah
 No
                                Bonds Proceeds Realization                                                                    Total

Modal Kerja
Working Capital
      Modal Kerja Operasional
  1                                                                                                                            1.180.905.108.271
      Operational Working Capital
      Dana Talangan Tanah PT Cinere Serpong Jaya (CSJ)
 2                                                                                                                                 26.767.771.146
      Land Bridging Fund for PT Cinere Serpong Jaya (CSJ)
      Pinjaman Pemegang Saham PT Jasamarga Balikpapan Samarinda (JBS)
 3                                                                                                                             109.725.000.000
      Shareholders Loans PT Jasamarga Balikpapan Samarinda (JBS)




                                                                                                            Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                385
Page 386
                                                      Tabel Rincian Realisasi Penggunaan Dana Obligasi
                                                               Table of Detail Bonds Proceeds Realization


                                                                                                                             (dalam Rupiah penuh)
                                                                                                                                    (in fully Rupiah)

                                    Realisasi Penggunaan Dana Obligasi                                             Jumlah
      No
                                             Bonds Proceeds Realization                                              Total

             Pinjaman Pemegang Saham PT Jasamarga Semarang Batang (JSB)
      4                                                                                                               39.900.000.000
             Shareholders Loans PT Jasamarga Semarang Batang (JSB)
             Dana Talangan Tanah PT Jasamarga Semarang Batang (JSB)
      5                                                                                                               370.692.414.205
             Land Bridging Fund for PT Jasamarga Semarang Batang (JSB)
             Dana Talangan Tanah PT Cinere Serpong Jaya (CSJ)
      6                                                                                                              216.028.932.058
             Land Bridging Fund for PT Cinere Serpong Jaya (CSJ)
             Pinjaman Pemegang Saham PT Jasamarga Solo Ngawi (JSN)
      7                                                                                                               47.880.000.000
             Shareholder Loans of PT Jasamarga Solo Ngawi (JSN)
  Total                                                                                                            1.991.899.225.680



  Sesuai dengan Peraturan Otoritas Jasa Keuangan                                     In accordance with Financial Services Authority
  No. 30/POJK.04/2015 tentang Laporan Realisasi                                      Regulation No. 30/POJK.04/2015 on Report on the
  Penggunaan Dana Hasil Penawaran Umum, seluruh dana                                 Realization of Use of Proceeds from Public Offering, all
  hasil penawaran umum obligasi telah digunakan sesuai                               proceeds from the bonds public offering have been used
  rencana penggunaan dana yang diungkapkan dalam                                     in accordance with the planned use of funds disclosed
  Prospektus dan telah dilaporkan kepada Otoritas Jasa                               in the Prospectus and have been reported to the
  Keuangan (OJK) dan Bursa Efek Indonesia (BEI) melalui                              Financial Services Authority (OJK) and the Indonesian
  Surat No. BF.KU09.02.18 tanggal 13 Januari 2021 perihal                            Stock Exchange (BEI) via Letter No. BF.KU09.02.18 dated
  Laporan Realisasi Penggunaan Dana Hasil Penawaran                                  January 13, 2021 regarding the Realization Report on the
  Umum Obligasi Berkelanjutan II Jasa Marga Tahap I                                  Use of Proceeds from the Public Offering of Jasa Marga
  Tahun 2020 per 31 Desember 2020. Laporan realisasi                                 Sustainable Bonds II Phase I 2020 as of December 31,
  tersebut juga telah dimasukkan ke dalam salah satu                                 2020. The realization report has also been included in
  Mata Acara Rapat Umum Pemegang Saham Tahunan                                       one of the Agendas of the Annual General Meeting of
  (RUPST) Tahun Buku 2020 yang telah diselenggarakan                                 Shareholders (AGMS ) 2020 Financial Year which was
  pada tanggal 27 Mei 2021, serta telah disahkan dalam                               held on May 27, 2021, and was ratified at the AGMS in
  RUPST tersebut sesuai dengan Berita Acara RUPST                                    accordance with AGMS Minutes No. 47 of 2021.
  No. 47 Tahun 2021.




386       Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 387
                                                                                                           Analisa dan Pembahasan Manajemen
                                                                                                           Management Discussion and Analysis




       Informasi Material mengenai Investasi,
       Ekspansi, Divestasi, Penggabungan/Peleburan
       Usaha, Akuisisi, Restrukturisasi Utang dan
       Modal, Transaksi Material, dan Transaksi Afiliasi
       Material Information Regarding Investment, Expansion,
       Divestment, Business Merger/Consolidation, Acquisition, Debt
       and Capital Restructuring, Material Transactions, and Affiliated
       Transactions

       Berikut adalah informasi transaksi material dan transaksi                                     The following is information on the Company's material
       afiliasi Perseroan di tahun 2023:                                                             transactions and affiliated transactions in 2023:


                                        Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                        Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                  Pihak yang             Sifat Hubungan               Penjelasan           Pemenuhan
                                                                  Melakukan             Afiliasi atau Jenis           Kewajaran             Ketentuan
                                          Objek Transaksi
      Tanggal            Nilai (Rp)                                Transaksi              Fakta Material               Transaksi             Terkait          Jenis Informasi        Keterangan
No                                          Transaction
       Date              Sum (Rp)                                   Parties           Affiliate Relationships         Fairness of           Fulfillment     Type of Information      Annotation
                                              Object
                                                                 Conducting the        or Types of Material           Transaction           of Related
                                                                  Transaction                   Facts                 Explanation            Clause

1    16 Januari    Rp13.750.000.000,-    Pendirian Badan         1. PT Jasa Marga     Pembentukan usaha            Para pihak              Pasal 2 jo       •   Fakta Material
     2023                                Usaha Jalan Tol PT         (Persero) Tbk     patungan PT Jasamarga        melakukan               Pasal 6 POJK     •   Ekspansi
     January 16,                         Jasamarga Akses         2. PT Nusa Raya      Akses Patimban oleh Jasa     penyertaan saham        31/2015          •   Material Facts
                                                                                                                                                            •   Expansion
     2023                                Patimban                   Cipta Tbk         Marga, NRC, ADHI, PP,        pada suatu              Article 2 jo
                                         Establishment of Toll      (NRC);            WIKA dan SS termasuk         perusahaan              Article 6 POJK
                                         Road Business Entity    3. PT Adhi Karya     dalam jenis Fakta Material   patungan bernama        31/2015
                                         PT Jasamarga Akses         (Persero) Tbk     Establishment of PT          PT Jasamarga
                                         Patimban                   (ADHI);           Jasamarga Akses              Akses Patimban.
                                                                 4. PT PP (Persero)   Patimban joint venture       The parties
                                                                    Tbk (PP);         by Jasa Marga, NRC,          invested in a joint
                                                                 5. PT Wijaya         ADHI, PP, WIKA and SS        venture called
                                                                    Karya (Persero)   is included in the type of   PT Jasamarga
                                                                    Tbk (WIKA);       Material Facts               Akses Patimban
                                                                 6. PT Subang                                      joint venture
                                                                    Sejahtera (SS)                                 company called PT
                                                                                                                   Jasamarga Akses
                                                                                                                   Patimban.




                                                                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                            387
Page 388
                                          Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                          Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                  Pihak yang              Sifat Hubungan              Penjelasan           Pemenuhan
                                                                  Melakukan              Afiliasi atau Jenis          Kewajaran             Ketentuan
                                            Objek Transaksi
       Tanggal            Nilai (Rp)                               Transaksi               Fakta Material              Transaksi             Terkait          Jenis Informasi              Keterangan
No                                            Transaction
        Date              Sum (Rp)                                  Parties            Affiliate Relationships        Fairness of           Fulfillment     Type of Information            Annotation
                                                Object
                                                                 Conducting the         or Types of Material          Transaction           of Related
                                                                  Transaction                    Facts                Explanation            Clause

2     31 Januari    Rp949.045.000.000,-    Pemberian             1. PT Jasa Marga      JBT merupakan pihak          Transaksi              Pasal 3 jo       • Transaksi Afiliasi       Direksi dan Dewan
      2023                                 Shareholder Loan         (Persero) Tbk      afiliasi dari Jasa Marga,    merupakan              Pasal 4 POJK     • Affiliate Transactions   Komisaris Perseroan,
      January 31,                          (SHL) PT Jasamarga    2. PT Jasamarga       mengingat Jasa Marga         pemberian SHL          42/2020                                     baik secara sendiri-
      2023                                 Bali Tol (JBT)           Bali Tol           memiliki pengendalian        dari Jasa Marga        Transaksi                                   sendiri maupun
                                           Provision of                                langsung terhadap JBT.       kepada JBT             Afiliasi                                    bersama-sama
                                           Shareholder Loan                            JBT is an affiliated party   guna memenuhi          Article 3 jo                                menyatakan bahwa:
                                           (SHL) PT Jasamarga                          of Jasa Marga, given that    kebutuhan              Article 4 POJK                              1. Transaksi ini tidak
                                           Bali Tol (JBT)                              Jasa Marga has direct        cash deficiency        42/2020                                         mengandung
                                                                                       control over JBT.            support JBT            Affiliated                                      benturan
                                                                                                                    tahun 2023 serta       Transactions                                    kepentingan
                                                                                                                    untuk kebutuhan                                                        sebagaimana
                                                                                                                    operasional                                                            dimaksud dalam
                                                                                                                    lainnya.                                                               Peraturan POJK
                                                                                                                    Berdasarkan                                                            42/2020 dan
                                                                                                                    analisis transaksi,                                                    bukan merupakan
                                                                                                                    kualitatif dan                                                         Transaksi Material
                                                                                                                    kuantitatif serta                                                      sebagaimana
                                                                                                                    kewajaran                                                              dimaksud dalam
                                                                                                                    transaksi, dapat                                                       Peraturan POJK
                                                                                                                    disimpulkan bahwa                                                      17/2020; dan
                                                                                                                    transaksi afiliasi                                                 2. Semua informasi
                                                                                                                    melalui pemberian                                                      material telah
                                                                                                                    SHL dari Jasa                                                          diungkapkan dan
                                                                                                                    Marga kepada JBT                                                       informasi tersebut
                                                                                                                    tersebut adalah                                                        tidak menyesatkan.
                                                                                                                    wajar.                                                             The Board of Directors
                                                                                                                    The transaction                                                    and the Board of
                                                                                                                    is the provision                                                   Commissioners of
                                                                                                                    of SHL from Jasa                                                   the Company, both
                                                                                                                    Marga to JBT                                                       individually and
                                                                                                                    to fulfil JBT's                                                    collectively declare
                                                                                                                    cash deficiency                                                    that:
                                                                                                                    support needs                                                      1. This transaction
                                                                                                                    in 2023 and for                                                        does not contain a
                                                                                                                    other operational                                                      conflict of interest
                                                                                                                    needs. Based on                                                        as referred to in
                                                                                                                    the transaction                                                        POJK Regulation
                                                                                                                    analysis,                                                              42/2020 and is
                                                                                                                    qualitative and                                                        not a Material
                                                                                                                    quantitative as well                                                   Transaction as
                                                                                                                    as the fairness of                                                     referred to in
                                                                                                                    the transaction, it                                                    POJK Regulation
                                                                                                                    can be concluded                                                       17/2020; and
                                                                                                                    that the affiliated                                                2. All material
                                                                                                                    transaction                                                            information has
                                                                                                                    through the                                                            been disclosed and
                                                                                                                    provision of SHL                                                       the information is
                                                                                                                    from Jasa Marga                                                        not misleading.
                                                                                                                    to JBT is fair

3     31 Januari    Rp309.000.000.000,-    Pemberian             1.    PT Jasa Marga   JMB merupakan pihak          Transaksi              Pasal 3 jo       • Transaksi Afiliasi       Direksi dan Dewan
      2023                                 Shareholder Loan           (Persero) Tbk    afiliasi dari Jasa Marga,    merupakan              Pasal 4 POJK     • Affiliate Transactions   Komisaris Perseroan,
      January 31,                          (SHL) PT Jasamarga    2.    PT Jasamarga    mengingat Jasa Marga         pemberian SHL          42/2020                                     baik secara sendiri-
      2023                                 Manado Bitung (JMB)        Manado Bitung    memiliki pengendalian        dari Jasa Marga        Article 3 jo                                sendiri maupun
                                           Shareholder                                 langsung terhadap JMB.       kepada JMB             Article 4 POJK                              bersama-sama
                                           Loan (SHL) for PT                           JMB is an affiliated party   guna memenuhi          42/2020                                     menyatakan bahwa:
                                           Jasamarga Manado                            of Jasa Marga, given that    kebutuhan                                                          1. Transaksi ini tidak
                                           Bitung (JMB)                                Jasa Marga has direct        cash deficiency                                                        mengandung
                                                                                       control over JMB.            support JMB                                                            benturan
                                                                                                                    tahun 2023 serta                                                       kepentingan
                                                                                                                    untuk kebutuhan                                                        sebagaimana
                                                                                                                    operasional                                                            dimaksud dalam
                                                                                                                    lainnya.                                                               Peraturan POJK
                                                                                                                    Berdasarkan                                                            42/2020 dan
                                                                                                                    analisis transaksi,                                                    bukan merupakan
                                                                                                                    kualitatif dan                                                         Transaksi Material
                                                                                                                    kuantitatif serta                                                      sebagaimana
                                                                                                                    kewajaran                                                              dimaksud dalam
                                                                                                                    transaksi, dapat                                                       Peraturan POJK
                                                                                                                    disimpulkan bahwa                                                      17/2020; dan
                                                                                                                    transaksi afiliasi                                                 2. Semua informasi
                                                                                                                    melalui pemberian                                                      material telah
                                                                                                                    SHL dari Jasa                                                          diungkapkan dan
                                                                                                                    Marga kepada                                                           informasi tersebut
                                                                                                                    JMB tersebut                                                           tidak menyesatkan.
                                                                                                                    adalah wajar.                                                      The Board of Directors
                                                                                                                    The transaction                                                    and the Board of
                                                                                                                    is the provision                                                   Commissioners of
                                                                                                                    of SHL from Jasa                                                   the Company, both
                                                                                                                    Marga to JMB                                                       individually and
                                                                                                                    to fulfil JMB's                                                    collectively declare
                                                                                                                    cash deficiency                                                    that:
                                                                                                                    support needs                                                      1. This transaction
                                                                                                                    in 2023 and for                                                        does not contain a
                                                                                                                    other operational                                                      conflict of interest
                                                                                                                    needs. Based on                                                        as referred to in
                                                                                                                    the transaction                                                        POJK Regulation
                                                                                                                    analysis,                                                              42/2020 and is
                                                                                                                    qualitative and                                                        not a Material
                                                                                                                    quantitative as well                                                   Transaction as
                                                                                                                    as the fairness of                                                     referred to in
                                                                                                                    the transaction, it                                                    POJK Regulation
                                                                                                                    can be concluded                                                       17/2020; and
                                                                                                                    that the affiliated                                                2. All material
                                                                                                                    transaction                                                            information has
                                                                                                                    through the                                                            been disclosed and
                                                                                                                    provision of SHL                                                       the information is
                                                                                                                    from Jasa Marga                                                        not misleading.
                                                                                                                    to JMB is fair.




388      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 389
                                                                                                            Analisa dan Pembahasan Manajemen
                                                                                                            Management Discussion and Analysis




                                          Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                          Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                 Pihak yang              Sifat Hubungan                Penjelasan           Pemenuhan
                                                                 Melakukan              Afiliasi atau Jenis            Kewajaran             Ketentuan
                                            Objek Transaksi
      Tanggal             Nilai (Rp)                              Transaksi               Fakta Material                Transaksi             Terkait          Jenis Informasi             Keterangan
No                                            Transaction
       Date               Sum (Rp)                                 Parties            Affiliate Relationships          Fairness of           Fulfillment     Type of Information           Annotation
                                                Object
                                                                Conducting the         or Types of Material            Transaction           of Related
                                                                 Transaction                    Facts                  Explanation            Clause

4    14 Juni 2023   Rp137.500.000.000,-    Pemberian            1.    PT Jasa Marga   CSJ merupakan pihak           Transaksi               Pasal 3 jo       • Transaksi Afiliasi      Direksi dan Dewan
     June 14,                              Shareholder Loan          (Persero) Tbk    afiliasi dari Jasa Marga,     merupakan               Pasal 4 POJK     • Affiliate Transaction   Komisaris Perseroan,
     2023                                  (SHL) PT Cinere      2.    PT Cinere       mengingat Jasa Marga          pemberian SHL           42/2020                                    baik secara sendiri-
                                           Serpong Jaya (CSJ)        Serpong Jaya     memiliki pengendalian         dari Jasa Marga         Article 3 jo                               sendiri maupun
                                           Provision of                               langsung terhadap CSJ.        kepada CSJ              Article 4 POJK                             bersama-sama
                                           Shareholder Loan                           CSJ is an affiliated party    guna memenuhi           42/2020                                    menyatakan bahwa:
                                           (SHL) PT Cinere                            of Jasa Marga, given that     kebutuhan                                                          1. Transaksi ini tidak
                                           Serpong Jaya (CSJ)                         Jasa Marga has direct         cash deficiency                                                        mengandung
                                                                                      control over CSJ.             support CSJ                                                            benturan
                                                                                                                    tahun 2023 serta                                                       kepentingan
                                                                                                                    untuk kebutuhan                                                        sebagaimana
                                                                                                                    operasional                                                            dimaksud dalam
                                                                                                                    lainnya.                                                               Peraturan POJK
                                                                                                                    Berdasarkan                                                            42/2020 dan
                                                                                                                    analisis transaksi,                                                    bukan merupakan
                                                                                                                    kualitatif dan                                                         Transaksi Material
                                                                                                                    kuantitatif serta                                                      sebagaimana
                                                                                                                    kewajaran                                                              dimaksud dalam
                                                                                                                    transaksi, dapat                                                       Peraturan POJK
                                                                                                                    disimpulkan bahwa                                                      17/2020; dan
                                                                                                                    transaksi afiliasi                                                 2. Semua informasi
                                                                                                                    melalui pemberian                                                      material telah
                                                                                                                    SHL dari Jasa                                                          diungkapkan dan
                                                                                                                    Marga kepada CSJ                                                       informasi tersebut
                                                                                                                    tersebut adalah                                                        tidak menyesatkan.
                                                                                                                    wajar.                                                             The Board of Directors
                                                                                                                    Transaksi tersebut                                                 and the Board of
                                                                                                                    adalah pemberian                                                   Commissioners of
                                                                                                                    SHL dari Jasa                                                      the Company, both
                                                                                                                    Marga kepada                                                       individually and
                                                                                                                    CSJ. Berdasarkan                                                   collectively declare
                                                                                                                    hasil analisis                                                     that:
                                                                                                                    transaksi, baik                                                    1. This transaction
                                                                                                                    secara kualitatif                                                      does not contain a
                                                                                                                    maupun kuantitatif                                                     conflict of interest
                                                                                                                    serta kewajaran                                                        as referred to in
                                                                                                                    transaksi, maka                                                        POJK Regulation
                                                                                                                    dapat disimpulkan                                                      42/2020 and is
                                                                                                                    bahwa transaksi                                                        not a Material
                                                                                                                    afiliasi melalui                                                       Transaction as
                                                                                                                    pemberian SHL                                                          referred to in
                                                                                                                    dari Jasa Marga                                                        POJK Regulation
                                                                                                                    kepada CSJ                                                             17/2020; and
                                                                                                                    adalah wajar.                                                      2. All material
                                                                                                                                                                                           information has
                                                                                                                                                                                           been disclosed and
                                                                                                                                                                                           the information is
                                                                                                                                                                                           not misleading.




                                                                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                                    389
Page 390
                                         Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                         Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                  Pihak yang           Sifat Hubungan            Penjelasan        Pemenuhan
                                                                  Melakukan           Afiliasi atau Jenis        Kewajaran          Ketentuan
                                           Objek Transaksi
       Tanggal             Nilai (Rp)                              Transaksi            Fakta Material            Transaksi          Terkait          Jenis Informasi              Keterangan
No                                           Transaction
        Date               Sum (Rp)                                 Parties         Affiliate Relationships      Fairness of        Fulfillment     Type of Information            Annotation
                                               Object
                                                                 Conducting the      or Types of Material        Transaction        of Related
                                                                  Transaction                 Facts              Explanation         Clause

5     14 Juni 2023   Rp160.000.000,-      Kerja Sama Antar       1. PT Bank         BRI dan Jasa Marga         Transaksi           Pasal 1 jo.      • Transaksi Afiliasi       Direksi dan Dewan
      June 14,                            BUMN tentang              Rakyat          merupakan BUMN yang        merupakan bentuk    Pasal 6 POJK     • Affiliate Transactions   Komisaris Perseroan,
      2023                                Perpanjangan Lisensi      Indonesia       mayoritas sahamnya         penyelenggaraaan    42/2020                                     baik secara sendiri-
                                          Anaplan untuk Sistem      (Persero) Tbk   dimiliki oleh pihak yang   kerja sama          Article 1 jo.                               sendiri maupun
                                          Informasi Manajemen       (BRI)           sama (Pemerintah).         dalam rangka        Article 6 POJK                              bersama-sama
                                          Kementerian BUMN       2. PT Jasa Marga   BRI and Jasa Marga are     mendukung           42/2020                                     menyatakan bahwa:
                                          (KBUMN)                   (Persero) Tbk   state-owned enterprises    KBUMN dengan                                                    1. Transaksi ini tidak
                                          Cooperation                               that are majority owned    menggunakan                                                         mengandung
                                          between SOEs on                           by the same party (the     menggunakan                                                         benturan
                                          Anaplan Licence                           government).               platform Anaplan                                                    kepentingan
                                          Extension for the                                                    sebagai media                                                       sebagaimana
                                          Ministry of SOEs                                                     penyampaian                                                         dimaksud dalam
                                          Management                                                           data antar BUMN                                                     Peraturan POJK
                                          Information System                                                   dan BRI                                                             42/2020 dan
                                          (KBUMN)                                                              telah ditetapkan                                                    bukan merupakan
                                                                                                               sebagai                                                             Transaksi Material
                                                                                                               koordinator                                                         sebagaimana
                                                                                                               pengadaan                                                           dimaksud dalam
                                                                                                               bersama.                                                            Peraturan POJK
                                                                                                               The transaction                                                     17/2020; dan
                                                                                                               is a form of                                                    2. Semua informasi
                                                                                                               organising                                                          material telah
                                                                                                               cooperation in                                                      diungkapkan dan
                                                                                                               order to support                                                    informasi tersebut
                                                                                                               KBUMN by using                                                      tidak menyesatkan.
                                                                                                               the Anaplan                                                     The Board of Directors
                                                                                                               platform as a                                                   and the Board of
                                                                                                               medium for                                                      Commissioners of
                                                                                                               submitting data                                                 the Company, both
                                                                                                               between SOEs                                                    individually and
                                                                                                               and BRI. has been                                               collectively declare
                                                                                                               appointed as a                                                  that:
                                                                                                               joint procurement                                               1. This transaction
                                                                                                               coordinator.                                                        does not contain a
                                                                                                                                                                                   conflict of interest
                                                                                                                                                                                   as referred to in
                                                                                                                                                                                   POJK Regulation
                                                                                                                                                                                   42/2020 and is
                                                                                                                                                                                   not a Material
                                                                                                                                                                                   Transaction as
                                                                                                                                                                                   referred to in
                                                                                                                                                                                   POJK Regulation
                                                                                                                                                                                   17/2020; and
                                                                                                                                                                               2. All material
                                                                                                                                                                                   information has
                                                                                                                                                                                   been disclosed and
                                                                                                                                                                                   the information is
                                                                                                                                                                                   not misleading.




390      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 391
                                                                                                          Analisa dan Pembahasan Manajemen
                                                                                                          Management Discussion and Analysis



                                        Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                        Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                 Pihak yang           Sifat Hubungan                 Penjelasan           Pemenuhan
                                                                 Melakukan           Afiliasi atau Jenis             Kewajaran             Ketentuan
                                          Objek Transaksi
      Tanggal         Nilai (Rp)                                  Transaksi            Fakta Material                 Transaksi             Terkait          Jenis Informasi              Keterangan
No                                          Transaction
       Date           Sum (Rp)                                     Parties         Affiliate Relationships           Fairness of           Fulfillment     Type of Information            Annotation
                                              Object
                                                                Conducting the      or Types of Material             Transaction           of Related
                                                                 Transaction                 Facts                   Explanation            Clause

6    20 Juni    Rp2.815.000.000.000,-    Pemberian              1.  PT Jasamarga   JNK merupakan pihak            Transaksi               Pasal 3 jo       • Transaksi Afiliasi       Direksi dan Dewan
     2023                                Shareholder Loan          Transjawa Tol   afiliasi dari Jasa Marga,      merupakan               Pasal 4 POJK     • Affiliate Transactions   Komisaris Perseroan,
     June 20,                            (SHL) PT Jasamarga     2. PT Jasamarga    mengingat Jasa Marga           pemberian               42/2020                                     baik secara sendiri-
     2023                                Ngawi Kertosono           Ngawi           memiliki pengendalian          SHL dari JTT            Article 3 jo                                sendiri maupun
                                         Kediri (JNK) dari PT      Kertosono       secara tidak langsung          kepada JNK              Article 4 POJK                              bersama-sama
                                         Jasamarga Transjawa       Kediri          terhadap JNK melalui anak      guna memenuhi           42/2020                                     menyatakan bahwa:
                                         Tol (JTT)                                 usahanya yakni JTT yang        kebutuhan                                                           1. Transaksi ini tidak
                                         Granting Shareholder                      menjadi sub holding.           pendanaan untuk                                                         mengandung
                                         Loan (SHL) of PT                          JNK is an affiliated party     pelunasan kredit                                                        benturan
                                         Jasamarga Ngawi                           of Jasa Marga, given that      investasi eksisting.                                                    kepentingan
                                         Kertosono Kediri                          Jasa Marga has indirect        Berdasarkan                                                             sebagaimana
                                         (JNK) from PT                             control over JNK through       analisis transaksi,                                                     dimaksud dalam
                                         Jasamarga Transjawa                       its subsidiary JTT, which is   kualitatif dan                                                          Peraturan POJK
                                         Tol (JTT)                                 a sub holding.                 kuantitatif serta                                                       42/2020 dan
                                                                                                                  kewajaran                                                               bukan merupakan
                                                                                                                  transaksi, dapat                                                        Transaksi Material
                                                                                                                  disimpulkan                                                             sebagaimana
                                                                                                                  bahwa transaksi                                                         dimaksud dalam
                                                                                                                  afiliasi melalui                                                        Peraturan POJK
                                                                                                                  pemberian SHL                                                           17/2020; dan
                                                                                                                  dari JTT kepada                                                     2. Semua informasi
                                                                                                                  JNK tersebut                                                            material telah
                                                                                                                  adalah wajar                                                            diungkapkan dan
                                                                                                                  The transaction                                                         informasi tersebut
                                                                                                                  is the granting of                                                      tidak menyesatkan.
                                                                                                                  SHL from JTT to                                                     The Board of Directors
                                                                                                                  JNK to fulfil the                                                   and the Board of
                                                                                                                  funding needs for                                                   Commissioners of
                                                                                                                  the repayment                                                       the Company, both
                                                                                                                  of existing                                                         individually and
                                                                                                                  investment                                                          collectively declare
                                                                                                                  loans. Based on                                                     that:
                                                                                                                  the transaction                                                     1. This transaction
                                                                                                                  analysis,                                                               does not contain a
                                                                                                                  qualitative and                                                         conflict of interest
                                                                                                                  quantitative as well                                                    as referred to in
                                                                                                                  as the fairness of                                                      POJK Regulation
                                                                                                                  the transaction, it                                                     42/2020 and is
                                                                                                                  can be concluded                                                        not a Material
                                                                                                                  that the affiliated                                                     Transaction as
                                                                                                                  transaction                                                             referred to in
                                                                                                                  through the                                                             POJK Regulation
                                                                                                                  granting of SHL                                                         17/2020; and
                                                                                                                  from JTT to JNK                                                     2. All material
                                                                                                                  is fair.                                                                information has
                                                                                                                                                                                          been disclosed and
                                                                                                                                                                                          the information is
                                                                                                                                                                                          not misleading.




7    27 Juni    Rp490.000.000.000,-      Pemberian              1. PT Jasa         JBS merupakan pihak            Transaksi               Pasal 3 jo       • Transaksi Afiliasi       Direksi dan Dewan
     2023                                Shareholder               Marga           afiliasi dari Jasa Marga,      merupakan               Pasal 4 POJK     • Affiliate Transactions   Komisaris Perseroan,
     June 27,                            Loan (SHL) PT             (Persero) Tbk   mengingat Jasa Marga           pemberian SHL           42/2020                                     baik secara sendiri-
     2023                                Jasamarga              2. PT              memiliki pengendalian          dari Jasa Marga         Article 3                                   sendiri maupun
                                         Balikpapan                Jasamarga       langsung terhadap JBS.         kepada JBS              jo Article                                  bersama-sama
                                         Samarinda (JBS)           Balikpapan      JBS is an affiliated party     guna memenuhi           4 POJK                                      menyatakan bahwa:
                                         Provision of              Samarinda       of Jasa Marga, as Jasa         kebutuhan               42/2020                                     1. Transaksi ini tidak
                                         Shareholder                               Marga has direct control       cash deficiency                                                         mengandung
                                         Loan (SHL) PT                             over JBS.                      support JBS                                                             benturan
                                         Jasamarga                                                                tahun 2023 serta                                                        kepentingan
                                         Balikpapan                                                               untuk kebutuhan                                                         sebagaimana
                                         Samarinda (JBS)                                                          operasional                                                             dimaksud dalam
                                                                                                                  lainnya.                                                                Peraturan POJK
                                                                                                                  Berdasarkan                                                             42/2020 dan
                                                                                                                  analisis transaksi,                                                     bukan merupakan
                                                                                                                  kualitatif dan                                                          Transaksi Material
                                                                                                                  kuantitatif serta                                                       sebagaimana
                                                                                                                  kewajaran                                                               dimaksud dalam
                                                                                                                  transaksi, dapat                                                        Peraturan POJK
                                                                                                                  disimpulkan                                                             17/2020; dan
                                                                                                                  bahwa transaksi                                                     2. Semua informasi
                                                                                                                  afiliasi melalui                                                        material telah
                                                                                                                  pemberian SHL                                                           diungkapkan
                                                                                                                  dari Jasa Marga                                                         dan informasi
                                                                                                                  kepada JBS                                                              tersebut tidak
                                                                                                                  tersebut adalah                                                         menyesatkan.
                                                                                                                  wajar.                                                              The Board of Directors
                                                                                                                  The transaction                                                     and the Board of
                                                                                                                  is the granting                                                     Commissioners of
                                                                                                                  of SHL from                                                         the Company, both
                                                                                                                                                                                      individually and
                                                                                                                  Jasa Marga to
                                                                                                                                                                                      collectively declare
                                                                                                                  JBS. Based on                                                       that:
                                                                                                                  the transaction                                                     1. This transaction
                                                                                                                  analysis,                                                               does not contain a
                                                                                                                  qualitative and                                                         conflict of interest
                                                                                                                  quantitative                                                            as referred to in
                                                                                                                  as well as the                                                          POJK Regulation
                                                                                                                  fairness of the                                                         42/2020 and is
                                                                                                                  transaction,                                                            not a Material
                                                                                                                  it can be                                                               Transaction as
                                                                                                                                                                                          referred to in
                                                                                                                  concluded that
                                                                                                                                                                                          POJK Regulation
                                                                                                                  the affiliated                                                          17/2020; and
                                                                                                                  transaction                                                         2. All material
                                                                                                                  through the                                                             information has
                                                                                                                  granting of SHL                                                         been disclosed and
                                                                                                                  from Jasa Marga                                                         the information is
                                                                                                                  to JBS is fair.                                                         not misleading.




                                                                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                                    391
Page 392
                                         Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                         Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                 Pihak yang           Sifat Hubungan             Penjelasan          Pemenuhan
                                                                 Melakukan           Afiliasi atau Jenis         Kewajaran            Ketentuan
                                           Objek Transaksi
       Tanggal          Nilai (Rp)                                Transaksi            Fakta Material             Transaksi            Terkait        Jenis Informasi              Keterangan
No                                           Transaction
        Date            Sum (Rp)                                   Parties         Affiliate Relationships       Fairness of          Fulfillment   Type of Information            Annotation
                                               Object
                                                                Conducting the      or Types of Material         Transaction          of Related
                                                                 Transaction                 Facts               Explanation           Clause

8     7 Agustus    Rp13.423.910.000       Peningkatan           1. PT Jasa         JMTO merupakan pihak        Transaksi             Pasal 1 jo     • Transaksi Afiliasi       Direksi dan Dewan
      2023                                Setoran Modal Non        Marga           afiliasi dari Jasa Marga,   merupakan             Pasal 6 POJK   • Affiliate Transactions   Komisaris Perseroan,
      August 7,                           Tunai (Inbreng)          (Persero) Tbk   mengingat Jasa Marga        pemenuhan             42/2020                                   baik secara sendiri-
      2023                                PT Jasa Marga         2. PT Jasamarga    memiliki pengendalian       penyetoran            Article 1                                 sendiri maupun
                                          (Persero) Tbk pada       Tollroad        langsung terhadap           modal Jasa            jo Article                                bersama-sama
                                          PT Jasamarga             Operator        JMTO.                       Marga kepada          6 POJK                                    menyatakan bahwa:
                                          Tollroad Operator                        JMTO is an affiliated       JMTO.                 42/2020                                   1. Transaksi ini tidak
                                          (JMTO)                                   party of Jasa Marga, as     Berdasarkan                                                         mengandung
                                          Increase in                              Jasa Marga has direct       analisis transaksi,                                                 benturan
                                          Non-Cash Capital                         control over JMTO.          kualitatif dan                                                      kepentingan
                                          Deposit (Inbreng)                                                    kuantitatif serta                                                   sebagaimana
                                          of PT Jasa Marga                                                     kewajaran                                                           dimaksud dalam
                                          (Persero) Tbk in PT                                                  transaksi, dapat                                                    Peraturan POJK
                                          Jasamarga Tollroad                                                   disimpulkan                                                         42/2020 dan
                                          Operator (JMTO)                                                      bahwa transaksi                                                     bukan merupakan
                                                                                                               afiliasi melalui                                                    Transaksi Material
                                                                                                               peningkatan                                                         sebagaimana
                                                                                                               setoran modal                                                       dimaksud dalam
                                                                                                               dari Jasa Marga                                                     Peraturan POJK
                                                                                                               kepada JMTO                                                         17/2020; dan
                                                                                                               tersebut adalah                                                 2. Semua informasi
                                                                                                               wajar.                                                              material telah
                                                                                                               The transaction                                                     diungkapkan
                                                                                                               is the fulfilment                                                   dan informasi
                                                                                                               of Jasa Marga's                                                     tersebut tidak
                                                                                                               capital injection                                                   menyesatkan.
                                                                                                               to JMTO.                                                        The Board of Directors
                                                                                                               Based on the                                                    and the Board of
                                                                                                               transaction                                                     Commissioners of
                                                                                                               analysis,                                                       the Company, both
                                                                                                                                                                               individually and
                                                                                                               qualitative and
                                                                                                                                                                               collectively declare
                                                                                                               quantitative                                                    that:
                                                                                                               as well as the                                                  1. This transaction
                                                                                                               fairness of the                                                     does not contain a
                                                                                                               transaction,                                                        conflict of interest
                                                                                                               it can be                                                           as referred to in
                                                                                                               concluded that                                                      POJK Regulation
                                                                                                               the affiliated                                                      42/2020 and is
                                                                                                               transaction                                                         not a Material
                                                                                                               through the                                                         Transaction as
                                                                                                                                                                                   referred to in
                                                                                                               increase in
                                                                                                                                                                                   POJK Regulation
                                                                                                               capital deposit                                                     17/2020; and
                                                                                                               from Jasa Marga                                                 2. All material
                                                                                                               to JMTO is fair.                                                    information has
                                                                                                                                                                                   been disclosed and
                                                                                                                                                                                   the information is
                                                                                                                                                                                   not misleading.




392      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 393
                                                                                                     Analisa dan Pembahasan Manajemen
                                                                                                     Management Discussion and Analysis




                                      Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                      Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                              Pihak yang           Sifat Hubungan               Penjelasan          Pemenuhan
                                                              Melakukan           Afiliasi atau Jenis           Kewajaran            Ketentuan
                                        Objek Transaksi
     Tanggal         Nilai (Rp)                                Transaksi            Fakta Material               Transaksi            Terkait         Jenis Informasi              Keterangan
No                                        Transaction
      Date           Sum (Rp)                                   Parties         Affiliate Relationships         Fairness of          Fulfillment    Type of Information            Annotation
                                            Object
                                                             Conducting the      or Types of Material           Transaction          of Related
                                                              Transaction                 Facts                 Explanation           Clause

9    11         Rp160.000.000.000,-    Pemberian             1. PT Jasamarga    JJC merupakan pihak          Transaksi              Pasal 3 jo      • Transaksi Afiliasi       Direksi dan Dewan
     Desember                          Shareholder              Transjawa Tol   afiliasi dari Jasa Marga,    merupakan              Pasal 4 POJK    • Affiliate Transactions   Komisaris Perseroan,
     2023                              Loan (SHL) PT         2. PT              mengingat Jasa Marga         pemberian              42/2020                                    baik secara sendiri-
     December                          Jasamarga                Jasamarga       memiliki pengendalian        SHL dari JTT           Article 3                                  sendiri maupun
     11, 2023                          Jalanlayang              Jalanlayang     secara tidak langsung        kepada JJC             jo Article                                 bersama-sama
                                       Cikampek (JJC)           Cikampek        terhadap JJC melalui         guna memenuhi          4 POJK                                     menyatakan bahwa:
                                       dari PT Jasamarga                        anak usahanya yakni          kebutuhan              42/2020                                    1. Transaksi ini tidak
                                       Transjawa Tol (JTT)                      JTT yang menjadi sub         cash deficiency                                                       mengandung
                                       Granting                                 holding.                     support JJC                                                           benturan
                                       Shareholder                              JJC is an affiliated         tahun 2023 serta                                                      kepentingan
                                       Loan (SHL) of                            party of Jasa Marga,         untuk kebutuhan                                                       sebagaimana
                                       PT Jasamarga                             considering that Jasa        operasional                                                           dimaksud dalam
                                       Jalanlayang                              Marga has indirect           lainnya.                                                              Peraturan POJK
                                       Cikampek (JJC)                           control over JJC             Berdasarkan                                                           42/2020 dan
                                       from PT Jasamarga                        through its subsidiary,      analisis transaksi,                                                   bukan merupakan
                                       Transjawa Tol (JTT)                      JTT, which is a sub          kualitatif dan                                                        Transaksi Material
                                                                                holding.                     kuantitatif serta                                                     sebagaimana
                                                                                                             kewajaran                                                             dimaksud dalam
                                                                                                             transaksi, dapat                                                      Peraturan POJK
                                                                                                             disimpulkan                                                           17/2020; dan
                                                                                                             bahwa transaksi                                                   2. Semua informasi
                                                                                                             afiliasi melalui                                                      material telah
                                                                                                             pemberian SHL                                                         diungkapkan
                                                                                                             dari JTT kepada                                                       dan informasi
                                                                                                             JNK tersebut                                                          tersebut tidak
                                                                                                             adalah wajar.                                                         menyesatkan.
                                                                                                             The transaction                                                   The Board of Directors
                                                                                                             is the provision                                                  and the Board of
                                                                                                             of SHL from                                                       Commissioners of
                                                                                                             JTT to JJC to                                                     the Company, both
                                                                                                                                                                               individually and
                                                                                                             fulfil JJC's cash
                                                                                                                                                                               collectively declare
                                                                                                             deficiency                                                        that:
                                                                                                             support needs                                                     1. This transaction
                                                                                                             in 2023 and for                                                       does not contain a
                                                                                                             other operational                                                     conflict of interest
                                                                                                             needs. Based on                                                       as referred to in
                                                                                                             the transaction                                                       POJK Regulation
                                                                                                             analysis,                                                             42/2020 and is
                                                                                                             qualitative and                                                       not a Material
                                                                                                             quantitative                                                          Transaction as
                                                                                                                                                                                   referred to in
                                                                                                             as well as the
                                                                                                                                                                                   POJK Regulation
                                                                                                             fairness of the                                                       17/2020; and
                                                                                                             transaction,                                                      2. All material
                                                                                                             it can be                                                             information has
                                                                                                             concluded that                                                        been disclosed and
                                                                                                             the affiliated                                                        the information is
                                                                                                             transaction                                                           not misleading.
                                                                                                             through the
                                                                                                             provision of SHL
                                                                                                             from JTT to JNK
                                                                                                             is reasonable.




                                                                                                                                   Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                             393
Page 394
                                          Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                          Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                 Pihak yang           Sifat Hubungan              Penjelasan          Pemenuhan
                                                                 Melakukan           Afiliasi atau Jenis          Kewajaran            Ketentuan
                                            Objek Transaksi
       Tanggal          Nilai (Rp)                                Transaksi            Fakta Material              Transaksi            Terkait        Jenis Informasi              Keterangan
No                                            Transaction
        Date            Sum (Rp)                                   Parties         Affiliate Relationships        Fairness of          Fulfillment   Type of Information            Annotation
                                                Object
                                                                Conducting the      or Types of Material          Transaction          of Related
                                                                 Transaction                 Facts                Explanation           Clause

10     12         Rp2.703.685.431.089,-    Pemberian            1. PT Jasa         JKC merupakan pihak          Transaksi             Pasal 3 jo     • Transaksi Afiliasi       Direksi dan Dewan
       Desember                            Shareholder             Marga           afiliasi dari Jasa Marga,    merupakan             Pasal 4 POJK   • Affiliate Transactions   Komisaris Perseroan,
       2023                                Loan (SHL) PT           (Persero) Tbk   mengingat Jasa Marga         pemberian SHL         42/2020                                   baik secara sendiri-
       December                            Jasamarga            2. PT              memiliki pengendalian        dari Jasa Marga       Article 3                                 sendiri maupun
       12, 2023                            Kuncirang               Jasamarga       langsung terhadap JKC.       kepada JKC            jo Article                                bersama-sama
                                           Cengkareng (JKC)        Kunciran        JKC is an affiliated party   guna memenuhi         4 POJK                                    menyatakan bahwa:
                                           Shareholder             Cengkareng      of Jasa Marga, given         kebutuhan             42/2020                                   1. Transaksi ini tidak
                                           Loan (SHL) for                          that Jasa Marga has          pendanaan                                                           mengandung
                                           PT Jasamarga                            direct control over JKC.     untuk pelunasan                                                     benturan
                                           Kuncirang                                                            kredit investasi                                                    kepentingan
                                           Cengkareng (JKC)                                                     eksisting.                                                          sebagaimana
                                                                                                                Berdasarkan                                                         dimaksud dalam
                                                                                                                analisis transaksi,                                                 Peraturan POJK
                                                                                                                kualitatif dan                                                      42/2020 dan
                                                                                                                kuantitatif serta                                                   bukan merupakan
                                                                                                                kewajaran                                                           Transaksi Material
                                                                                                                transaksi, dapat                                                    sebagaimana
                                                                                                                disimpulkan                                                         dimaksud dalam
                                                                                                                bahwa transaksi                                                     Peraturan POJK
                                                                                                                afiliasi melalui                                                    17/2020; dan
                                                                                                                pemberian SHL                                                   2. Semua informasi
                                                                                                                dari Jasa Marga                                                     material telah
                                                                                                                kepada JKC                                                          diungkapkan
                                                                                                                tersebut adalah                                                     dan informasi
                                                                                                                wajar.                                                              tersebut tidak
                                                                                                                The transaction                                                     menyesatkan.
                                                                                                                is the granting of                                              The Board of Directors
                                                                                                                SHL from Jasa                                                   and the Board of
                                                                                                                Marga to JKC to                                                 Commissioners of
                                                                                                                fulfil the funding                                              the Company, both
                                                                                                                                                                                individually and
                                                                                                                needs for the
                                                                                                                                                                                collectively declare
                                                                                                                repayment                                                       that:
                                                                                                                of existing                                                     1. This transaction
                                                                                                                investment                                                          does not contain a
                                                                                                                loans. Based on                                                     conflict of interest
                                                                                                                the transaction                                                     as referred to in
                                                                                                                analysis,                                                           POJK Regulation
                                                                                                                qualitative and                                                     42/2020 and is
                                                                                                                quantitative                                                        not a Material
                                                                                                                as well as the                                                      Transaction as
                                                                                                                                                                                    referred to in
                                                                                                                fairness of the
                                                                                                                                                                                    POJK Regulation
                                                                                                                transaction,                                                        17/2020; and
                                                                                                                it can be                                                       2. All material
                                                                                                                concluded that                                                      information has
                                                                                                                the affiliated                                                      been disclosed and
                                                                                                                transaction                                                         the information is
                                                                                                                through the                                                         not misleading.
                                                                                                                granting of SHL
                                                                                                                from Jasa Marga
                                                                                                                to JKC is fair.




     394   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 395
                                                                                                      Analisa dan Pembahasan Manajemen
                                                                                                      Management Discussion and Analysis




                                     Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                     Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                            Pihak yang           Sifat Hubungan              Penjelasan           Pemenuhan
                                                            Melakukan           Afiliasi atau Jenis          Kewajaran             Ketentuan
                                       Objek Transaksi
     Tanggal          Nilai (Rp)                             Transaksi            Fakta Material              Transaksi             Terkait         Jenis Informasi             Keterangan
No                                       Transaction
      Date            Sum (Rp)                                Parties         Affiliate Relationships        Fairness of           Fulfillment    Type of Information           Annotation
                                           Object
                                                           Conducting the      or Types of Material          Transaction           of Related
                                                            Transaction                 Facts                Explanation            Clause

11   15         Rp43.511.486.767,-    Pemberian            1. PT Jasa         JBS merupakan pihak          Transaksi              Pasal 3 jo     • Transaksi Afiliasi       Direksi dan Dewan
     Desember                         Shareholder             Marga           afiliasi dari Jasa Marga,    merupakan              Pasal 4 POJK   • Affiliate Transactions   Komisaris Perseroan,
     2023                             Loan (SHL) PT           (Persero) Tbk   mengingat Jasa Marga         pemberian SHL          42/2020                                   baik secara sendiri-
     December                         Jasamarga            2. PT              memiliki pengendalian        dari Jasa Marga        Article 3                                 sendiri maupun
     15, 2023                         Balikpapan              Jasamarga       langsung terhadap JBS.       kepada JBS             jo Article                                bersama-sama
                                      Samarinda (JBS)         Balikpapan      JBS is an affiliated party   guna memenuhi          4 POJK                                    menyatakan bahwa:
                                      Provision of            Samarinda       of Jasa Marga, as Jasa       kebutuhan              42/2020                                   1. Transaksi ini tidak
                                      Shareholder                             Marga has direct control     kewajiban                                                            mengandung
                                      Loan (SHL) PT                           over JBS.                    pembayaran                                                           benturan
                                      Jasamarga                                                            fasilitas                                                            kepentingan
                                      Balikpapan                                                           kredit untuk                                                         sebagaimana
                                      Samarinda (JBS)                                                      pembiayaan                                                           dimaksud dalam
                                                                                                           Dana Talangan                                                        Peraturan POJK
                                                                                                           Tanah (DTT).                                                         42/2020 dan
                                                                                                           Berdasarkan                                                          bukan merupakan
                                                                                                           analisis transaksi,                                                  Transaksi Material
                                                                                                           kualitatif dan                                                       sebagaimana
                                                                                                           kuantitatif serta                                                    dimaksud dalam
                                                                                                           kewajaran                                                            Peraturan POJK
                                                                                                           transaksi, dapat                                                     17/2020; dan
                                                                                                           disimpulkan                                                      2. Semua informasi
                                                                                                           bahwa transaksi                                                      material telah
                                                                                                           afiliasi melalui                                                     diungkapkan
                                                                                                           pemberian SHL                                                        dan informasi
                                                                                                           dari Jasa Marga                                                      tersebut tidak
                                                                                                           kepada JBS                                                           menyesatkan.
                                                                                                           tersebut adalah                                                  The Board of Directors
                                                                                                           wajar.                                                           and the Board of
                                                                                                           The transaction                                                  Commissioners of
                                                                                                           is the granting of                                               the Company, both
                                                                                                                                                                            individually and
                                                                                                           SHL from Jasa
                                                                                                                                                                            collectively declare
                                                                                                           Marga to JBS in                                                  that:
                                                                                                           order to fulfil the                                              1. This transaction
                                                                                                           needs of credit                                                      does not contain a
                                                                                                           facility payment                                                     conflict of interest
                                                                                                           obligations for                                                      as referred to in
                                                                                                           the financing                                                        POJK Regulation
                                                                                                           of the Land                                                          42/2020 and is
                                                                                                           Bailout Fund                                                         not a Material
                                                                                                           (DTT). Based on                                                      Transaction as
                                                                                                                                                                                referred to in
                                                                                                           the transaction
                                                                                                                                                                                POJK Regulation
                                                                                                           analysis,                                                            17/2020; and
                                                                                                           qualitative and                                                  2. All material
                                                                                                           quantitative                                                         information has
                                                                                                           as well as the                                                       been disclosed and
                                                                                                           fairness of the                                                      the information is
                                                                                                           transaction,                                                         not misleading.
                                                                                                           it can be
                                                                                                           concluded that
                                                                                                           the affiliated
                                                                                                           transaction
                                                                                                           through the
                                                                                                           provision of SHL
                                                                                                           from Jasa Marga
                                                                                                           to JBS is fair.




                                                                                                                                   Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                                             395
Page 396
                                        Tabel Daftar Informasi Transaksi Perseroan selama Tahun 2023 yang termasuk Informasi Material
                                        Table of the Company's Transaction Information List Throughout 2023 Including Material Information



                                                                 Pihak yang            Sifat Hubungan             Penjelasan         Pemenuhan
                                                                 Melakukan            Afiliasi atau Jenis         Kewajaran           Ketentuan
                                           Objek Transaksi
       Tanggal          Nilai (Rp)                                Transaksi             Fakta Material             Transaksi           Terkait         Jenis Informasi              Keterangan
No                                           Transaction
        Date            Sum (Rp)                                   Parties          Affiliate Relationships       Fairness of         Fulfillment    Type of Information            Annotation
                                               Object
                                                                Conducting the       or Types of Material         Transaction         of Related
                                                                 Transaction                  Facts               Explanation          Clause

12     27         Rp3.650.000.000,-       Pembelian Saham       1.  PT Jasa         IK dan Jasa Marga           Transaksi            Pasal 1 jo.     • Transaksi Afiliasi       Direksi dan Dewan
       Desember                           PT Jasamarga             Marga            merupakan BUMN yang         merupakan            Pasal 6 ayat    • Investasi                Komisaris Perseroan,
                                                                                                                                                     • Affiliate Transactions
       2023                               Kunciran                 (Persero) Tbk    mayoritas sahamnya          pembelian            2 POJK          • Investment               baik secara sendiri-
       December                           Cengkareng            2. PT PT            dimiliki oleh pihak yang    harta pailit dari    42/2020                                    sendiri maupun
       27, 2023                           yang dimiliki oleh       Istaka Karya     sama (Pemerintah); dan      PT IK berupa         Article 1 jo.                              bersama-sama
                                          PT Istaka Karya          (Persero) (IK)   JKC merupakan pihak         kepemilikan          Article 6                                  menyatakan bahwa:
                                          (Persero)             3. PT               afiliasi dari Jasa Marga,   saham atas           paragraph                                  1. Transaksi ini tidak
                                          Purchase of              Jasamarga        mengingat Jasa Marga        nama PT IK di        2 POJK                                         mengandung
                                          PT Jasamarga             Kunciran         memiliki pengendalian       JKC oleh Jasa        42/2020                                        benturan
                                          Kunciran                 Cengkareng       langsung terhadap JKC.      Marga melalui                                                       kepentingan
                                          Cengkareng               (JKC)            IK and Jasa Marga are       mekanisme                                                           sebagaimana
                                          Shares owned by                           SOEs whose majority         lelang, dimana                                                      dimaksud dalam
                                          PT Istaka Karya                           shares are owned by         pada saat                                                           Peraturan POJK
                                          (Persero)                                 the same party (the         transaksi                                                           42/2020 dan
                                                                                    Government); and JKC        dilakukan JKC                                                       bukan merupakan
                                                                                    is an affiliated party of   merupakan                                                           Transaksi Material
                                                                                    Jasa Marga, given that      perusahaan                                                          sebagaimana
                                                                                    Jasa Marga has direct       terkendali secara                                                   dimaksud dalam
                                                                                    control over JKC.           langsung                                                            Peraturan POJK
                                                                                                                oleh Perseroan.                                                     17/2020; dan
                                                                                                                The transaction                                                 2. Semua informasi
                                                                                                                was the                                                             material telah
                                                                                                                purchase of                                                         diungkapkan
                                                                                                                bankruptcy                                                          dan informasi
                                                                                                                assets of PT IK                                                     tersebut tidak
                                                                                                                in the form of                                                      menyesatkan.
                                                                                                                share ownership                                                 The Board of Directors
                                                                                                                on behalf of PT                                                 and the Board of
                                                                                                                IK in JKC by Jasa                                               Commissioners of
                                                                                                                Marga through                                                   the Company, both
                                                                                                                                                                                individually and
                                                                                                                an auction
                                                                                                                                                                                collectively declare
                                                                                                                mechanism,                                                      that:
                                                                                                                where at the time                                               1. This transaction
                                                                                                                of the transaction                                                  does not contain a
                                                                                                                JKC was a                                                           conflict of interest
                                                                                                                company directly                                                    as referred to in
                                                                                                                controlled by the                                                   POJK Regulation
                                                                                                                Company.                                                            42/2020 and is
                                                                                                                                                                                    not a Material
                                                                                                                                                                                    Transaction as
                                                                                                                                                                                    referred to in
                                                                                                                                                                                    POJK Regulation
                                                                                                                                                                                    17/2020; and
                                                                                                                                                                                2. All material
                                                                                                                                                                                    information has
                                                                                                                                                                                    been disclosed and
                                                                                                                                                                                    the information is
                                                                                                                                                                                    not misleading.




     396   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 397
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




Informasi Transaksi dengan Pihak Berelasi
atau Benturan Kepentingan
Information on Material Transactions Containing Conflicts of
Interest and/or Transactions with Affiliated Parties
Transaksi Pihak Berelasi                                           Transaction with Related Parties

Kelompok Usaha melakukan transaksi dengan pihak-                   The Group carries out transactions with related parties
pihak berelasi sebagaimana didefinisikan dalam PSAK 7              as defined in PSAK 7 (Revised 2010), "Related Party
(Revisi 2010), “Pengungkapan Pihak-pihak Berelasi”.                Disclosures".



Nama Pihak dan Sifat Hubungan                                      Name and Nature of Related Parties
Berelasi                                                           Transactions
Pihak-pihak berelasi adalah perusahaan dan perorangan              Related parties are companies and individuals who have
yang mempunyai keterkaitan kepemilikan atau                        direct or indirect ownership or management relationship
kepengurusan secara langsung maupun tidak langsung                 with the Company. The table below show details of
dengan Perseroan. Tabel di bawah menunjukkan rincian               parties related to the Company and the nature of these
pihak-pihak berelasi dengan Perseroan beserta sifat dari           transactions.
transaksi tersebut.

                                        Tabel Transaksi dan Sifat Hubungan Berelasi
                                          Table of Party and Nature of Related Transactions



      Pihak Berelasi                     Hubungan                                                        Jenis Transaksi
       Related Parties               Nature of Transaction                                            Nature of Relationship

 Pemerintah Republik
 Indonesia, Kementerian
 Keuangan, Kementerian
                             Dikendalikan oleh Pemerintah Pusat       Hak Konsesi atas Ruang Tol, Utang Bantuan Pemerintah,
 Pekerjaan Umum dan
                             Republik Indonesia                       Dana Talangan Pembebasan Tanah dan Perpajakan
 Perumahan Rakyat
                             Controlled by Central Government of      Concession Rights on Toll Space, GovernmentAssistance
 Government of the
                             the Republic of Indonesia                Debt, Land Acquisition and Taxation bailout funds
 Republic of Indonesia,
 Ministry of Finance,
 Ministry of Public Works

                             Dikendalikan oleh Pemerintah Pusat       Kontraktor dalam Pembangunan dan Preservasi Aset Tetap
 PT Adhi Karya (Persero)     Republik Indonesia                       dan Jalan Tol
 Tbk                         Controlled by Central Government of      Contractor in Construction and Preservation of Fixed Assets
                             the Republic of Indonesia                and Toll Roads

                             Dikendalikan oleh Pemerintah Pusat
 PT Asuransi Jiwasraya       Republik Indonesia                       Beban Asuransi Jiwa Pensiunan Karyawan
 (Persero)                   Controlled by Central Government of      Retired Employee Life Insurance Expenses
                             the Republic of Indonesia
                                                                      Penempatan Giro, Deposito Berjangka, Investasi Jangka
                                                                      Pendek, Dana yang Dibatasi Penggunaannya, Fasilitas
                             Dikendalikan oleh Pemerintah Pusat       Kredit Modal Kerja, Fasilitas Kredit Sindikasi, Biaya
 PT Bank Mandiri (Persero)   Republik Indonesia                       Keuangan, Piutang Lain-lain dan Pendapatan Bunga
 Tbk                         Controlled by Central Government of      Placement of Current Accounts, Time Deposits, Short-term
                             the Republic of Indonesia                Investments, Restricted Funds, Working Capital Credit
                                                                      Facilities, Syndicated Credit Facilities, Finance Fees, Other
                                                                      Receivables and Interest Income
                                                                      Penempatan Giro, Deposito Berjangka, Fasilitas
                                                                      Kredit Investasi, Fasilitas Kredit Sindikasi, Bank untuk
                             Dikendalikan oleh Pemerintah Pusat       Pengumpulan Tol, Biaya Keuangan Pendapatan Bunga dan
 PT Bank Negara              Republik Indonesia                       Dana Dibatasi Penggunaannya
 Indonesia (Persero) Tbk     Controlled by Central Government of      Placement of Current Accounts, Time Deposits, Investment
                             the Republic of Indonesia                Credit Facilities, Syndicated Credit Facilities, Banks for Toll
                                                                      Collection, Finance Fees Interest Income and Restricted
                                                                      Funds


                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        397
Page 398
                                                       Tabel Transaksi dan Sifat Hubungan Berelasi
                                                           Table of Party and Nature of Related Transactions



         Pihak Berelasi                                Hubungan                                                 Jenis Transaksi
          Related Parties                         Nature of Transaction                                        Nature of Relationship

                                                                                       Penempatan Giro, Deposito Berjangka, Fasilitas
                                                                                       Kredit Investasi, Fasilitas Kredit Sindikasi, Bank untuk
                                      Dikendalikan oleh Pemerintah Pusat               Pengumpulan Tol, Biaya Keuangan, Piutang Lain-lain dan
  PT Bank Rakyat Indonesia            Republik Indonesia                               Pendapatan Bunga
  (Persero) Tbk                       Controlled by Central Government of              Placement of Current Accounts, Time Deposits, Investment
                                      the Republic of Indonesia                        Credit Facilities, Syndicated Credit Facilities, Toll Collection
                                                                                       Banks, Finance Fees, Other Receivables and Interest
                                                                                       Income
                                                                                       Penempatan Giro, Deposito Berjangka, Fasilitas Kredit
                                                                                       Investasi, Fasilitas Kredit Sindikasi, Biaya Keuangan dan
                                      Dikendalikan oleh Pemerintah Pusat
                                                                                       Pendapatan Bunga
  PT Bank Syariah                     Republik Indonesia
                                                                                       Placement of Current Accounts, Time Deposits, Investment
  Indonesia (Persero) Tbk             Controlled by Central Government of
                                                                                       Credit Facilities, Syndicated Credit Facilities, Toll Collection
                                      the Republic of Indonesia
                                                                                       Banks, Finance Fees, Other Receivables and Interest
                                                                                       Income
                                                                                       Penempatan Giro, Deposito Berjangka, Fasilitas Kredit
                                      Dikendalikan oleh Pemerintah Pusat               Investasi, Fasilitas Kredit Sindikasi, Biaya Keuangan dan
  PT Bank Tabungan                    Republik Indonesia                               Pendapatan Bunga
  Negara (Persero) Tbk                Controlled by Central Government of              Placement of Current Accounts, Time Deposits, Investment
                                      the Republic of Indonesia                        Credit Facilities, Syndicated Credit Facilities, Finance Fees
                                                                                       and Interest Income
                                      Dikendalikan oleh Pemerintah Pusat
  PT Sarana Multi                     Republik Indonesia                               Pinjaman kepada Lembaga Keuangan Bukan Bank
  Infrastruktur (Persero)             Controlled by Central Government of              Loans to Non-Bank Financial Institutions
                                      the Republic of Indonesia
                                      Dikendalikan oleh Pemerintah Pusat
  Lembaga Pembiayaan                  Republik Indonesia                               Pinjaman kepada Lembaga Keuangan Bukan Bank
  Ekspor Impor                        Controlled by Central Government of              Loans to Non-Bank Financial Institutions
                                      the Republic of Indonesia
                                      Dikendalikan oleh Pemerintah Pusat               Kontraktor dalam Pembangunan dan Preservasi Aset Tetap
  PT Hutama Karya                     Republik Indonesia                               dan Jalan Tol dan Piutang Lain-lain
  (Persero)                           Controlled by Central Government of              Contractor in Construction and Preservation of Fixed Assets
                                      the Republic of Indonesia                        and Toll Roads and Other Receivables
                                      Dikendalikan oleh Pemerintah Pusat               Beban Asuransi Kecelakaan Kerja Karyawan, Pemegang
                                      Republik Indonesia                               Saham Non-Pengendali
  BPJS Ketenagakerjaan
                                      Controlled by Central Government of              Employee Accident Insurance Expenses, Non-Controlling
                                      the Republic of Indonesia                        Shareholders
                                      Dikendalikan oleh Pemerintah Pusat               Kontraktor dalam Pembangunan dan Preservasi Aset Tetap
  PT Pembangunan                      Republik Indonesia                               dan Jalan Dana Talangan Tanah
  Perumahan (Persero) Tbk             Controlled by Central Government of              Contractors in Construction and Preservation of Fixed
                                      the Republic of Indonesia                        Assets and Roads Land Bailout Fund
                                      Dikendalikan oleh Pemerintah Pusat
  PT Perusahaan Listrik               Republik Indonesia                               Beban Listrik Peralatan Tol dan Gedung
  Negara (Persero)                    Controlled by Central Government of              Electrical Expenses for Highway Equipment and Buildings
                                      the Republic of Indonesia
                                      Dikendalikan oleh Pemerintah Pusat               Kontraktor dalam Pembangunan dan Preservasi Aset Tetap
  PT Waskita Karya                    Republik Indonesia                               dan Jalan Dana Talangan Tanah
  (Persero) Tbk                       Controlled by Central Government of              Contractors in Construction and Preservation of Fixed
                                      the Republic of Indonesia                        Assets and Roads Land Bailout Fund
                                                                                       Kontraktor dalam Pembangunan dan Preservasi Aset Tetap
                                      Dikendalikan oleh Pemerintah Pusat
                                                                                       dan Jalan Dana Talangan Tanah dan Piutang Lain-lain
  PT Wijaya Karya (Persero)           Republik Indonesia
                                                                                       Contractors in Construction and Preservation of Fixed
  Tbk                                 Controlled by Central Government of
                                                                                       Assets and Roads Bailout Fund for Land and Other
                                      the Republic of Indonesia
                                                                                       Receivables
                                                                                       Pembelian Aset dan Perlengkapan, Beban Outsourcing
  Koperasi Jasa Marga                 Pengendalian Manajemen Kunci                     Pegawai, Sewa Kendaraan dan Peralatan Tol
  Bhakti                              Key Management System                            Purchase of Assets and Equipment, Employee Outsourcing
                                                                                       Expenses, Rental Vehicles and Toll Equipment
  PT Pilar Sinergi BUMN               Entitas Asosiasi                                 Investasi pada Perusahaan Asosiasi
  Indonesia                           Associate Entities                               Investments in Associated Companies




398   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 399
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




                                        Tabel Transaksi dan Sifat Hubungan Berelasi
                                          Table of Party and Nature of Related Transactions



     Pihak Berelasi                      Hubungan                                                        Jenis Transaksi
      Related Parties                Nature of Transaction                                            Nature of Relationship

                            Dikendalikan oleh Pemerintah Pusat        Konsultan dalam Pembangunan dan Preservasi Aset Tetap
                            Republik Indonesia                        dan Jalan Tol
PT Virama Karya (Persero)
                            Controlled by Central Government of       Consultant in Construction and Preservation of Fixed Assets
                            the Republic of Indonesia                 and Toll Roads
                                                                      Penempatan Giro, Deposito Berjangka, Investasi Jangka
                                                                      Pendek, Dana yang Dibatasi Penggunaannya, Fasilitas
                                                                      Kredit Modal Kerja, Fasilitas Kredit Sindikasi, Biaya
                            Entitas yang Berelasi dengan
PT Bank Syariah                                                       Keuangan dan Pendapatan Bunga
                            Pemerintah
Indonesia Tbk                                                         Placement of Current Accounts, Time Deposits, Short Term
                            Government-Related Entities
                                                                      Investments, Restricted Funds, Working Capital Credit
                                                                      Facility, Syndicated Loans Facility, Finance Charges, Other
                                                                      Receivables and Interest Income
                            Entitas yang Berelasi dengan
                                                                      Beban Akrual
PT Yodya Karya (Persero)    Pemerintah
                                                                      Accrued Expense
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Penempatan Giro
PT Bank Mandiri Taspen      Pemerintah
                                                                      Placement of Current Accounts
                            Government-Related Entities
                            Entitas yang Berelasi dengan
PT Hutama Marga                                                       Aset Keuangan Lainnya
                            Pemerintah
Waskita (HAMAWAS)                                                     Other Financial Assets
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT Pertamina Retail         Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
PT Cibitung Tanjung Priok                                             Piutang Lain-lain
                            Pemerintah
Port Tollways                                                         Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT Waskita Bumi Wira        Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
PT Cimanggis Cibitung                                                 Piutang Lain-lain
                            Pemerintah
Tollways                                                              Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT Pertamina Patra Niaga    Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT Waskita Sriwijaya Tol    Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
PT Wijaya Karya Realty                                                Piutang Lain-lain
                            Pemerintah
Tbk                                                                   Other Receivables
                            Government-Related Entities
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT PP Semarang Demak        Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
PT Jasamarga                Entitas Asosiasi                          Piutang Lain-lain
Jalanlayang Cikampek        Associate Entities                        Other Receivables
                            Entitas yang Berelasi dengan
                                                                      Piutang Lain-lain
PT Trans Jabar Tol          Pemerintah
                                                                      Other Receivables
                            Government-Related Entities
PT Jasamarga Pandaan        Entitas Asosiasi                          Piutang Lain-lain
Tol                         Associate Entities                        Other Receivables
                            Entitas Asosiasi                          Piutang Lain-lain
PT Marga Lingkar Jakarta
                            Associate Entities                        Other Receivables
                            Entitas Asosiasi                          Piutang Lain-lain
PT Trans Marga Jateng
                            Associate Entities                        Other Receivables




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        399
Page 400
                                                       Tabel Transaksi dan Sifat Hubungan Berelasi
                                                           Table of Party and Nature of Related Transactions



         Pihak Berelasi                                Hubungan                                                        Jenis Transaksi
          Related Parties                         Nature of Transaction                                           Nature of Relationship

  PT Jasamarga Pandaan                Entitas Asosiasi                                  Piutang Lain-lain
  Malang                              Associate Entities                                Other Receivables
  PT Jasamarga Pandaan                Entitas Asosiasi                                  Piutang Lain-lain
  Malang                              Associate Entities                                Other Receivables
                                      Entitas yang Berelasi dengan
  PT Waskita Beton Precast                                                              Piutang Lain-lain
                                      Pemerintah
  Tbk                                                                                   Other Receivables
                                      Government-Related Entities
  PT Jasamarga Semarang               Entitas Asosiasi                                  Piutang Lain-lain
  Batang                              Associate Entities                                Other Receivables
                                      Entitas Asosiasi                                  Piutang Lain-lain
  PT Jasamarga Solo Ngawi
                                      Associate Entities                                Other Receivables
  PT Jasamarga Ngawi                  Entitas Asosiasi                                  Piutang Lain-lain
  Kertosono Kediri                    Associate Entities                                Other Receivables
  Induk Koperasi Karyawan             Pengendalian Manajemen Kunci                      Piutang Lain-lain
  Jasa Marga                          Key Management System                             Other Receivables


  Realisasi Transaksi                                                                Realization of Transactions

  Dalam kegiatan usahanya, Perseroan melakukan                                       In its business activities, the Company conduct
  transaksi dengan pihak-pihak berelasi yang dilakukan                               transactions with related parties which are carried out
  dengan syarat-syarat dan kondisi normal. Transaksi                                 under normal terms and conditions. This transaction
  ini termasuk pembayaran oleh Perseroan atas beban-                                 includes payment by the Company for the expenses of
  beban pihak-pihak berelasi atau sebaliknya.                                        related parties or vice versa.

  Saldo transaksi dengan pihak berelasi pada tanggal 31                              Transaction balances with related parties as of December
  Desember 2023 dan 31 Desember 2022 adalah sebagai                                  31, 2023 and December 31, 2022 are as follows:
  berikut:

                                                            Tabel Realisasi Transaksi Pihak Berelasi
                                                           Table of Realization of Related Party Transactions


                                                                                                                                               (dalam jutaan Rupiah)
                                                                                                                                                    (in million Rupiah)

                                                                                                                               Pertumbuhan (Penurunan)
                                      Uraian                                                                                         Growth (Decrease)
                                                                                          2023                  2022
                                    Description
                                                                                                                                   Rp                      %
                                         (1)                                               (2)                   (3)           (4) = (2)-(3)         (5) = (4)/(3)
  Aset
  Assets
  Kas dan Setara Kas
                                                                                         3.739.008              7.064.357       (3.325.349)                   (47,1%)
  Cash and Cash Equivalents
  Piutang Lain-Lain Lancar
                                                                                                                 527.578           (183.352)                (34,8%)
  Other Current Receivables                                                                344.226
  Piutang Lain-Lain Tidak lancar
                                                                                           275.000                115.000           160.000                   139,1%
  Other Non-current Receivabels
  Dana Dibatasi Penggunaannya
                                                                                           688.463               180.404           508.059                   281,6%
  Restricted Funds
  Liabilitas
  Liabilities
  Beban Akrual
                                                                                         2.693.578              1.850.254          843.324                    45,6%
  Accrued Expenses
      Utang Bank Jangka Pendek
                                                                                         2.726.257              1.598.442           1.127.815                  70,6%
      Short Term Bank Loans
      Utang Bank Jangka Panjang - Bagian Jangka Pendek
                                                                                           815.638               257.903            557.735                  216,3%
      Long Term Bank Loans - Current Maturities


400   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 401
                                                                            Analisa dan Pembahasan Manajemen
                                                                            Management Discussion and Analysis




                                             Tabel Realisasi Transaksi Pihak Berelasi
                                            Table of Realization of Related Party Transactions


                                                                                                                                      (dalam jutaan Rupiah)
                                                                                                                                           (in million Rupiah)

                                                                                                                      Pertumbuhan (Penurunan)
                             Uraian                                                                                          Growth (Decrease)
                                                                           2023                     2022
                           Description
                                                                                                                            Rp                    %
                               (1)                                          (2)                        (3)            (4) = (2)-(3)         (5) = (4)/(3)
    Utank Bank Jangka Panjang - Bagian Jangka Panjang
                                                                        35.263.080                 24.057.717            11.205.363                  46,6%
    Long Term Bank Loans - Long Term Portion
 Total Utang Bank
                                                                        38.804.975                25.914.062             12.890.913                   49,7%
 Total Bank Loans
   Utang Lembaga Keuangan Bukan Bank Jangka Pendek
                                                                             908.102                                        908.102                 100,0%
   Non - Bank Financial Institution Short Term Loan                                                              -
   Utang Lembaga Keuangan Bukan Bank Jangka Panjang
   Bagian Jangka Pendek                                                     200.000                                        200.000                  100,0%
                                                                                                                 -
   Non - Bank Financial Institution Long - Current Maturities
   Utang Lembaga Keuangan Bukan Bank Jangka Panjang -
   Bagian Jangka Panjang                                                                              200.000             (200.000)               (100,0%)
                                                                                         -
   Non - Bank Financial Institution Long Term Loan
 Total Utang Lembaga Keuangan Bukan Bank
                                                                           1.108.102                  200.000               908.102                 454.1%
 Total Non - Bank Financial Institution Loan
 Utang Usaha
                                                                                9.523                        6.821             2.702                  39,6%
 Accounts Payable
 Utang Kontraktor Jangka Pendek
                                                                             336.172                    241.416               94.756                  39,3%
 Short Term Contractors Payable
 Utang Kontraktor Jangka Panjang
                                                                            267.658                    213.454               54.204                  25,4%
 Long Term Contractor Payable



Kewajaran dan Alasan Dilakukan                                         Fairness and Reason of the Transactions
Transaksi

Seluruh transaksi yang dilakukan hingga Desember                       All transactions until December 2023 were carried out
2023 dilakukan secara wajar (Arm’s Length) dan sesuai                  fairly (Arm's Length) and in accordance with normal
dengan persyaratan komersial normal. Kewajaran                         commercial requirements. The fairness of transactions
transaksi dengan pihak terkait atau mengandung                         with related parties or containing conflicts of interest
benturan kepentingan telah dilakukan secara wajar                      have been conducted fairly in accordance with statutory
sesuai peraturan perundang-undangan. Transaksi                         regulations. Transactions are carried out based on the
dilakukan atas dasar alasan kebutuhan Perseroan dan                    Company's needs and are free from conflicts of interest.
bebas dari konflik kepentingan.

Jasa Marga melakukan transaksi dengan pihak-pihak                      Jasa Marga conduct transactions with related parties
berelasi sebagaimana didefinisikan dalam PSAK 7 (Revisi                as defined in PSAK 7 (Revised 2010), "Related Party
2010), “Pengungkapan Pihak-pihak Berelasi”. Seluruh                    Disclosures". All significant transactions and balances
transaksi dan saldo yang signifikan dengan pihak-                      with related parties are disclosed in the notes to the
pihak berelasi diungkapkan dalam catatan atas laporan                  related consolidated financial statements.
keuangan konsolidasian yang terkait.



Pemenuhan Peraturan dan Ketentuan                                      Fulfillment of Related Provisions and
Terkait                                                                Regulations
Transaksi dengan pihak afiliasi yang dilakukan Perseroan               Transactions with affiliated parties carried out by the
telah sesuai dengan Peraturan Bapepam dan LK No. KEP-                  Company are in accordance with Regulation of Bapepam
347/BL/2012 tanggal 25 Juni 2012 tentang Penyajian                     and LK No. KEP-347/BL/2012 dated June 25, 2012
dan Pengungkapan Laporan Keuangan Emiten atau                          concerning Presentation and Disclosure of Financial
Perusahaan Publik, yang didefinisikan antara lain:                     Statements of Issuers or Public Companies, which is
                                                                       defined as:


                                                                                                         Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                                 401
Page 402
  1. Pihak-pihak berelasi adalah orang atau entitas yang        1. Related parties are persons or entities related to the
     terkait dengan Grup (entitas pelapor):                        Group (reporting entity):
     a. Orang atau anggota keluarga terdekat mempunyai             a. The person or immediate family member has
        relasi dengan entitas pelapor jika orang tersebut:            relationship with the reporting entity if the person:
     b. Memiliki pengendalian atau pengendalian                    b. Having control or joint control of the reporting
        bersama entitas pelapor;                                      entity;
     c. Memiliki pengaruh signifikan atas entitas pelapor;         c. Have significant influence over the reporting
        atau                                                          entity; or
     d. Merupakan personil manajemen kunci entitas                 d. Represent key management personnel of the
        pelapor atau entitas induk dari entitas pelapor.              reporting entity or the parent entity of the reporting
                                                                      entity.
  2. Suatu entitas berelasi dengan entitas pelapor jika         2. An entity is related to the reporting entity if it fulfills
     memenuhi salah satu hal berikut:                              one of the following:
     a. Entitas dan entitas pelapor adalah anggota dari            a. The entity and the reporting entity are members
        kelompok usaha yang sama (artinya entitas induk,              of the same business group (meaning the
        entitas anak, dan entitas anak berikutnya terkait             parent entity, subsidiary entity and subsequent
        dengan entitas lain);                                         subsidiaries are related to another entity);
     b. Satu entitas adalah entitas asosiasi atau ventura          b. One entity is associated entity or joint venture
        bersama dari entitas lain (atau entitas asosiasi atau         of another entity (or an associated entity or
        ventura bersama yang merupakan anggota suatu                  joint venture that is a member of the group,
        kelompok usaha, yang mana entitas lain tersebut               of which the other entity is a member);
        adalah anggotanya);
     c. Kedua entitas tersebut adalah ventura bersama              c. Both entities are joint ventures of the same third
        dari pihak ketiga yang sama;                                  party;
     d. Satu entitas adalah ventura bersama dari entitas           d. One entity is joint venture of third entity and the
        ketiga dan entitas yang lain adalah entitas asosiasi          other entity is associate entity of a third entity;
        dari entitas ketiga;
     e. Entitas tersebut adalah suatu program imbalan              e. The entity is post-employment benefit program
        pasca kerja untuk imbalan kerja dari salah satu               for employee benefits from one of the reporting
        entitas pelapor atau entitas yang terkait dengan              entities or an entity related to the reporting
        entitas pelapor. Jika entitas pelapor adalah entitas          entity. If reporting entity is the entity that
        yang menyelenggarakan program tersebut, maka                  organize the program, then the sponsoring
        entitas sponsor juga berelasi dengan entitas                  entity is also related to the reporting entity;
        pelapor;
     f. Entitas yang dikendalikan atau dikendalikan                f. Entity controlled or    jointly controlled
        bersama oleh orang yang diidentifkasi dalam                   by the person identified in number (1);
        angka (1);
     g. Orang yang diidentifikasi dalam angka (1) (2)              g. The person identified in item (1)(2) has significant
        memiliki pengaruh signifikan atas entitas atau                influence over the entity or key management
        personil manajemen kunci entitas (atau entitas                personnel of the entity (or parent entity of the
        induk dari entitas); dan                                      entity); And
     h. Entitas, atau anggota dari kelompok yang mana              h. the entity, or member of a group of which
        entitas merupakan bagian dari kelompok tersebut,              the entity is part, provides key management
        menyediakan jasa personil manajemen kunci                     personnel services to the reporting entity
        kepada entitas pelapor atau kepada entitas induk              or to parent entity of the reporting entity.
        dari entitas pelapor.

  Transaksi signifikan yang dilakukan dengan pihak-             Significant transaction carried out with related parties,
  pihak berelasi, baik   dilakukan  dengan  kondisi             whether carried out with the same conditions and terms
  dan persyaratan yang sama dengan pihak ketiga                 as third parties or not, are disclosed in the consolidated
  maupun tidak, diungkapkan pada laporan keuangan               financial statements.
  konsolidasian.




402   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 403
                                                                    Analisa dan Pembahasan Manajemen
                                                                    Management Discussion and Analysis




Kebijakan Mekanisme Review atas                              Review Mechanism Policy on
Transaksi dan Pemenuhan Peraturan                            Transactions and Compliance with
Terkait                                                      Related Regulations

Perseroan memiliki kebijakan mengenai persyaratan dan        The Company has policy regarding terms and conditions
kondisi transaksi yang mengandung benturan kepentingan       of transactions that contain conflicts of interest and/or
dan/atau transaksi dengan pihak berelasi. Secara umum,       transactions with related parties. In general, the terms
persyaratan dan kondisi transaksi dengan pihak berelasi      and conditions of transactions with related parties are
dilakukan sebagaimana dengan pihak ketiga yang               carried out as with third parties which evaluated by the
dievaluasi oleh Komite Audit serta wajib mendapatkan         Audit Committee and must obtain approval from the
persetujuan dari Dewan Komisaris. Selama tahun 2023,         Board of Commissioners. During 2023, there were no
tidak terdapat pelanggaran atas peraturan perundang-         violations of laws and regulations related to transactions
undangan terkait transaksi dengan pihak berelasi serta       with related parties and there were no transactions
tidak terdapat transaksi yang mengandung benturan            containing conflicts of interest.
kepentingan.



Kepatuhan Pembayaran Pajak
Tax Payment Compliance
Kontribusi Perseroan kepada negara salah satunya             The Company contribution to the state is realised through
diwujudkan melalui pemenuhan kewajiban Perseroan             the fulfilment of the Company's obligations as a taxpayer
sebagai wajib pajak dan sebagai pemotong/pemungut            and as a tax withholder/collector. As a taxpayer, as a
pajak. Total pajak yang disetorkan Perseroan untuk           taxpayer, the Corporate Income Tax liability deposited
tahun 2023 adalah sebesar Rp1.354,7 miliar atau turun        for 2023 is Rp1,354.7 billion or a decrease of 61.1%
61,1% dibandingkan dengan tahun pajak tahun 2022             compared to the re-adjusted 2022 tax year of Rp2,176.0
yang telah disesuaikan kembali yakni sebesar Rp2.176,0       billion.
miliar.

Rincian pembayaran pajak tahun 2023 dan 2022 adalah          Details of tax payment for 2023 and 2022 are as follows:
sebagai berikut:
                                      Tabel Pembayaran Pajak di Tahun 2023
                                             Table of Tax Payment in 2023


                                                                                                                              (dalam jutaan Rupiah)
                                                                                                                                   (in million Rupiah)

               Uraian Pajak                                                                                       Pertumbuhan (Penurunan)
                                                2023                                   2022
                Uraian Pajak                                                                                           Growth (Decrease)

PPh Pasal 25 dan 29
                                                        496.960                                  1.036.300                                  (80,2%)
Income Tax Article 25 and 29
PPh Pasal 21
                                                          162.977                                   105.822                                 108,2%
Income Tax Article 21
PPh Pasal 22
                                                             412                                            217                             128,3%
Income Tax Article 22
PPh Pasal 23
                                                           19.578                                    24.480                                 (20,0%)
Income Tax Article 23
PPh Pasal 26
                                                           10.847                                          351                             7189,0%
Income Tax Article 26
PPh Final
                                                          29.488                                         37.165                             (23,8%)
Final Income Tax
PPN Keluaran
                                                           3.433                                         20.361                            (251,2%)
Output Value-Added Tax
PPN Pungut
                                                         212.687                                    464.662                                (134,3%)
Input Value-Added Tax
PBB
                                                          418.343                                   486,657                                  (18,6%)
Property Tax

Total                                                  1.354.725                                 2.176.015                                  (61,1%)


Hingga 31 Desember 2023, tidak terdapat ketidakpatuhan       Until 31 December 2023, there was no non-compliance
Perseroan dalam kewajiban membayar pajak (NIHIL).            by the Company in its obligation to pay taxes (NIHIL).

                                                                                                 Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     403
Page 404
  Perubahan Peraturan Perundang-Undangan
  Terhadap Perseroan Pada Tahun Buku Terakhir
  Changes to the Laws And Regulations on the Company
  in the Last Financial Year

                                    Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2023
                                                    Table of Laws and Regulation Toward the Company in 2023



                        Peraturan                                       Penjelasan                                Pengaruh terhadap Perseroan
      No
                        Regulations                                      Explanations                                  Influence on the Company

      1       Peraturan Pemerintah               Pengaturan dalam Peraturan Pemerintah ini mencakup             Jalan Tol di atas laut yang sebelumnya
              Nomor 35 Tahun 2023                berbagai aspek pengelolaan Pajak dan Retribusi,                termasuk dalam objek PBB P3,
              tentang Ketentuan                  khususnya pelaksanaan Pemungutan antara lain                   berdasarkan Peraturan Pemerintah
              Umum Pajak Daerah dan              pendaftaran dan pendataan, penetapan besaran Pajak             ini menjadi termasuk dalam objek
              Retribusi Daerah                   dan Retribusi terutang, pembayaran dan penyetoran,             PBB P2. Tidak berpengaruh secara
              Government Regulation              pelaporan, pengurangan, pembetulan, dan pembatalan             langsung bagi Perseroan namun
              No. 35 of 2023                     ketetapan Pajak, Pemeriksaan Pajak, Penagihan Pajak            dapat berpengaruh pada Anak
              concerning General                 dan Retribusi, keberatan, gugatan, penghapusan piutang         Perusahaan yaitu PT Jasamarga Bali
              Provisions on Local Taxes          Pajak dan Retribusi oleh Kepala Daerah, dan pengaturan         Tol dalam hal pengenaan PBB P2.
              and Retributions                   lain yang berkaitan dengan tata cara Pemungutan Pajak          The elevated toll road, previously
                                                 dan Retribusi                                                  categorized under the PBB P3 object,
                                                 The provisions in this Government Regulation                   is now classified under the PBB P2
                                                 encompasses various Tax and Retributions management            object according to this Government
                                                 aspects, in particular the execution of Collection including   Regulation. While this change does
                                                 registration and data collection, determination of the         not directly affect the Company, it may
                                                 Tax and Retribution owed, payment and remittance,              impact the Subsidiary, PT Jasamarga
                                                 reporting, deductions, corrections, and cancellation of Tax    Bali Tol, particularly concerning the
                                                 assessments, Tax Audits, Tax and Retribution Collection,       imposition of PBB P2.
                                                 objections, lawsuits, elimination of Tax and Retribution
                                                 receivables by Regional Heads, and other regulations
                                                 related to the procedures for Tax and Retribution
                                                 Collection.
      2       Peraturan Pemerintah               Ketentuan perubahan dalam Peraturan Pemerintah ini             Sebagai instansi yang memerlukan
              Nomor 39 Tahun 2023                antara lain mengenai kepastian hukum penyelenggaraan           tanah dalam pengusahaan jalan tol,
              tentang Perubahan Atas             Pengadaan Tanah bagi pembangunan untuk Kepentingan             aturan ini memberikan kepastian
              Peraturan Pemerintah               Umum, penyesuaian pengertian/ definisi dalam Ketentuan         hukum dalam proses pengadaan
              Nomor 19 Tahun 2021                Umum, Penilai Pemerintah, Objek Pengadaan Tanah yang           tanah, sehingga meminimalisir risiko
              Tentang Penyelenggaraan            berada pada lokasi bidang tanah terindikasi sebagai            perkara tanah di kemudian hari.
              Pengadaan Tanah Bagi               tanah musnah, dan penitipan Ganti Kerugian.                    As an entity requiring land for toll
              Pembangunan Untuk                  The provisions amended in this Government Regulation           road development, this regulation
              Kepentingan Umum                   include, among others, the legal certainty of Land             provides legal certainty in the land
              Government Regulation              Procurement for development for Public Interest,               procurement process, thereby
              Number 39 of 2023                  adjustments to the definitions in the General Provisions,      minimizing the risk of land disputes in
              concerning Amendments              Government Appraisers, Land Procurement Objects                the future.
              to the Government                  located in areas identified as obliterated land, and
              Regulation Number                  Compensation deposit.
              19 of 2021 concerning
              the Implementation of
              Land Procurement for
              Development for Public
              Interest




404   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 405
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




                       Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2023
                                   Table of Laws and Regulation Toward the Company in 2023



            Peraturan                                   Penjelasan                                             Pengaruh terhadap Perseroan
No
            Regulations                                  Explanations                                               Influence on the Company

3    Peraturan Menteri           Ketentuan dalam Peraturan Menteri ini untuk                                 Bahwa untuk menyelenggarakan
     Badan Usaha Milik           mengoptimalkan pelaksanaan program bimbingan                                fungsi kemanfaatan umum serta riset
     Negara Nomor PER-1/         dan bantuan kepada pengusaha golongan ekonomi                               dan inovasi nasional, Perusahaan
     MBU/03/2023 Tahun           lemah dan pembinaan masyarakat sekitar Badan                                dapat menerima penugasan khusus
     2023 tentang Penugasan      Usaha Milik Negara yang berorientasi pada pencapaian                        dari pemerintah pusat.
     Khusus dan Program          tujuan berkelanjutan yang terintegrasi, terarah dan                         For implementing public benefit
     Tanggung Jawab Sosial       terukur dampaknya, Badan Usaha Milik Negara wajib                           functions as well as national research
     dan Lingkungan Badan        melaksanakan program tanggung jawab sosial dan                              and innovation, Companies may
     Usaha Milik Negara.         lingkungan Badan Usaha Milik Negara.                                        receive special assignments from the
     Regulation of the           The provisions in this Ministerial Regulation aim to                        central government.
     Minister of State-Owned     optimize the implementation of guidance and assistance
     Enterprises Number          programs for entrepreneurs from economically
     PER-1/MBU/03/2023 of        disadvantaged groups and community development
     2023 concerning Special     surrounding State-Owned Enterprises, oriented towards
     Assignments and Social      achieving integrated, targeted, and measurable
     and Environmental           sustainable goals. State-Owned Enterprises are mandated
     Responsibility Programs     to carry out social and environmental responsibility
     of State-Owned              programs.
     Enterprises.
4    Peraturan Menteri           Merupakan sinkronisasi dan harmonisasi diantara                             Memberikan pedoman bagi Perseroan
     Badan Usaha Milik           berbagai peraturan Menteri BUMN yang berkaitan                              dalam pelaksanaan dan penerapan
     Negara Nomor PER-02/        dengan prinsip tata kelola Badan Usaha Milik Negara,                        Tata Kelola dan Kegiatan Korporasi
     MBU/03/2023 tentang         penerapan manajemen risiko Badan Usaha Milik Negara,                        Signifikan Badan Usaha Milik Negara.
     Pedoman Tata Kelola         penilaian tingkat kesehatan Badan Usaha Milik Negara,                       Providing guidance for the Company
     dan Kegiatan Korporasi      perencanaan strategis Badan Usaha Milik Negara,                             in implementing Significant Corporate
     Signifikan Badan            pedoman kegiatan korporasi signifikan Badan Usaha Milik                     Governance and Activities of State-
     Usaha Milik Negara.         Negara, penyelenggaraan teknologi informasi Badan                           Owned Enterprises.
     Regulation of the           Usaha Milik Negara, dan pelaporan Badan Usaha Milik
     Minister of State-Owned     Negara.
     Enterprises Number          It is the synchronization and harmonization among
     PER-02/MBU/03/2023          various Ministerial Regulations related to the principles
     regarding Guidelines        of governance of State-Owned Enterprises, the
     for Governance and          implementation of risk management of State-Owned
     Significant Corporate       Enterprises, assessment of the health level of State-
     Activities of State-Owned   Owned Enterprises, strategic planning of State-Owned
     Enterprises.                Enterprises, guidelines for significant corporate activities
                                 of State-Owned Enterprises, the implementation of
                                 information technology of State-Owned Enterprises, and
                                 reporting of State-Owned Enterprises.
5    Peraturan Menteri           Ketentuan mengenai pedoman bagi Perseroan yang                              Memberikan pedoman bagi Perseroan
     Badan Usaha Milik           berkaitan dengan syarat anggota Direksi dan anggota                         dalam melakukan penetapan dan
     Negara Nomor PER-03/        Dewan Komisaris/Dewan Pengawas Manajemen Talenta                            pengurusan Organ dan Sumber Daya
     MBU/03/2023 tentang         Direksi, tata cara pengangkatan dan pemberhentian                           Manusia Badan Usaha Milik Negara.
     Organ dan Sumber Daya       anggota Direksi dan Dewan Komisaris/Dewan Pengawas                          Providing guidance for the Company
     Manusia Badan Usaha         Perseroan dan Anak Perusahaan, penetapan penghasilan                        in the stipulation and management of
     Milik Negara.               anggota Direksi dan Dewan Komisaris/Dewan Pengawas,                         Organization and Human Resources
     Regulation of the           dan Organ Pendukung Dewan Komisaris/Dewan                                   of State-Owned Enterprises.
     Minister of State-Owned     Pengawas Badan Usaha Milik Negara.
     Enterprises Number          The provisions regarding guidelines for the Company
     PER-03/MBU/03/2023          relating to the qualifications of members of the Board of
     regarding the               Directors and members of the Board of Commissioners/
     Organization and Human      Talent Management Oversight Board, procedures for the
     Resources of State-         appointment and dismissal of members of the Board of
     Owned Enterprises           Directors and the Board of Commissioners/Management
                                 Oversight of the Company and its Subsidiaries,
                                 stipulations of the remuneration of members of the
                                 Board of Directors and the Board of Commissioners/
                                 Management Oversight, and Support Body of the Board of
                                 Commissioners/Management Oversight of State-Owned
                                 Enterprises




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        405
Page 406
                                    Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2023
                                                   Table of Laws and Regulation Toward the Company in 2023



                       Peraturan                                       Penjelasan                              Pengaruh terhadap Perseroan
      No
                       Regulations                                     Explanations                                Influence on the Company

      6       Peraturan Ketua Komisi             Peraturan Ketua Komisi ini merupakan amanat dari Pasal      Memberikan pedoman bagi Perseroan
              Pengawas Persaingan               3 ayat (2) Peraturan Komisi Pengawas Persaingan Usaha        untuk memberikan pemahaman
              Usaha                             Nomor 2 Tahun 2021 tentang Pedoman Pengenaan                 dalam pendefinisian dampak negatif
              Republik Indonesia                Sanksi Denda Pelanggaran Praktik Monopoli dan                menurut undang-undang dan
              Nomor 2 Tahun 2023                Persaingan Usaha Tidak Sehat dalam proses penjatuhan         menjadikan metode penilaian dampak
              Tentang                           denda, salah satu yang menjadi dasar pertimbangan            negatif dari perilaku anti persaingan
              Pedoman Dampak                    Komisi dalam menentukan besaran denda adalah dampak          yang digunakan sebagai landasan
              Negatif Praktik Monopoli          negatif pelanggaran undang-undang yang ditimbulkan           penambahan atau pengurangan
              dan Persaingan Usaha              oleh pelaku usaha. Pelaku Usaha yang terbukti melanggar      denda.
              Tidak Sehat.                      undang-undang dapat dijatuhkan sanksi berupa tindakan        Providing guidelines to the Company
              Regulation of the                 administratif oleh Komisi, salah satunya berupa denda.       in the education of defining negative
              Chairman of Business              Pada umumnya Pelaku Usaha yang melanggar undang-             impacts according to the law and
              Competition Supervisory           undang bermotif mendapatkan manfaat ekonomi dengan           making the assessment method
              Commission of the                 cara melakukan pelanggaran tersebut. Sanksi denda            of negative impacts from anti-
              Republic of Indonesia             diharapkan mampu memberikan efek punishment dan              competitive behavior used as the
              Number 2 of 2023 on               efek jera bagi pelaku usaha yang melanggar namun             basis for adding or reducing fines.
              the Guidelines on the             dengan tetap mempertimbangkan kemampuan membayar
              Negative Impact of                denda dan keberlangsungan usaha Pelaku Usaha.
              Monopoly Practices and            The regulation of the Chairman of the Commission is a
              Unhealthy Business                mandate from Article 3 paragraph (2) of the Regulation
              Competition.                      of the Business Competition Supervisory Commission
                                                Number 2 of 2021 concerning Guidelines for Imposing
                                                Fines for Violations of Monopoly Practices and Unhealthy
                                                Business Competition. In the process of imposing
                                                fines, one of the considerations for the Commission in
                                                determining the number of fines is the negative impact
                                                of the legal violations caused by the business actors.
                                                Business actors proven to have violated the law may
                                                face administrative sanctions by the Commission, one of
                                                which is in the form of a fine. Generally, business actors
                                                who violate the law are motivated by gaining economic
                                                benefits through such violations. Fines are expected to
                                                have both a punishment effect and a deterrent effect on
                                                violators, while also considering their ability to pay the
                                                fines and the sustainability of their businesses.




406   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 407
                                                                         Analisa dan Pembahasan Manajemen
                                                                         Management Discussion and Analysis




                       Tabel Peraturan Perundang-undangan terhadap Perseroan di Tahun 2023
                                     Table of Laws and Regulation Toward the Company in 2023



            Peraturan                                     Penjelasan                                            Pengaruh terhadap Perseroan
No
            Regulations                                   Explanations                                               Influence on the Company

7    Peraturan Ketua Komisi        Peran pemerintah dalam pengadaan barang dan/                               Memberikan pedoman bagi
     Pengawas Persaingan           atau jasa, Badan Usaha Milik Negara atau penugasan                         Perseroan untuk pelaksanaan Tender
     Usaha                         Pemerintah, swasta dan/atau lembaga lain juga                              dan memberikan landasan dalam
     Republik Indonesia            melaksanakan Tender untuk mendapatkan barang dan/                          berperilaku untuk menciptakan
     Nomor 3 Tahun 2023            atau jasa yang berkualitas. Tender yang dilaksanakan                       persaingan usaha sehat.
     Tentang                       dipastikan melalui persyaratan dan persaingan yang sehat                   Providing guidance for the Company
     Pedoman Larangan              di antara peserta Tender berdasarkan ketentuan dan                         in conducting Tenders and providing
     Persekongkolan Dalam          prosedur sesuai peraturan perundang-undangan dan/                          a basis for behavior to foster healthy
     Tender.                       atau peraturan internal yang berlaku di Badan Usaha Milik                  business competition.
     Regulation of the             Negara atau penugasan Pemerintah, swasta dan/atau
     Chairman of Business          lembaga lain tersebut.
     Competition Supervisory       The role of the government in the procurement of goods
     Commission of the             and services, State-Owned Enterprises or Government
     Republic of Indonesia         Assignments, private entities, and/or other institutions
     Number 3 of 2023 on the       also conduct tenders to acquire quality goods and/or
     Guidelines for Prohibition    services. Tenders conducted ensure healthy competition
     of Collusion in Tenders.      among tender participants based on requirements and
                                   regulations in accordance with applicable laws and/or
                                   internal regulations within the State-Owned Enterprises or
                                   Government Assignments, private entities, and/or other
                                   institutions.
8    Keputusan Menteri             Ketentuan dalam Keputusan Menteri ini dalam rangka                         Memberikan pedoman bagi Perseroan
     Badan Usaha Milik             penyelesaian piutang dan/atau pembiayaan syariah                           dalam rangka penyelesaian piutang
     Negara Republik               bermasalah pada program pendanaan usaha mikro dan                          dan/atau pembiayaan syariah
     Indonesia Nomor SK-277/       usaha kecil di Badan Usaha Milik Negara dan untuk                          bermasalah pada program pendanaan
     MBU/10/2023 Tentang           mendukung kelancaran pemberian akses pembiayaan                            usaha mikro dan usaha kecil.
     Petunjuk Pelaksanaan          kepada usaha mikro dan usaha kecil serta melaksanakan                      Providing guidelines for the Company
     Penyelesaian Piutang          ketentuan Pasal 29 Peraturan Menteri Badan Usaha Milik                     in resolving problematic receivables
     dan/atau Pembiayaan           Negara Nomor PER-1/MBU/03/2023 tentang Penugasan                           and/or Sharia financing in micro and
     Syariah Bermasalah Pada       Khusus dan Program Tanggung Jawab Sosial dan                               small business funding programs.
     Program Pendanaan             Lingkungan Badan Usaha Milik Negara.
     Usaha Mikro dan Usaha         The provisions in this Ministerial Decision are aimed at
     Kecil di Badan Usaha          resolving problematic receivables and/or Sharia financing
     Milik Negara.                 in micro and small business funding programs of State-
     Decision of the Minister of   Owned Enterprises. They are also intended to support the
     State-Owned Enterprises       smooth provision of funding access to micro and small
     of the Republic of            businesses and to implement the provisions of Article
     Indonesia Number              29 of the Regulation of the Minister of State-Owned
     SK-277/MBU/10/2023            Enterprises Number PER-1/MBU/03/2023 regarding
     Regarding Guidelines for      Special Assignments and Social and Environmental
     Resolving Problematic         Responsibility Programs of State-Owned Enterprises.
     Receivables and/or Sharia
     Financing in Micro and
     Small Business Funding
     Programs in State-Owned
     Enterprises.




                                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         407
Page 408
  Perubahan Kebijakan Akuntansi yang
  Diterapkan Perseroan pada Tahun Buku
  Terakhir
  Changes in Accounting Policies Implemented by the Company in
  the Last Fiscal Year

                               Tabel Perubahan Kebijakan Akuntansi yang Diterapkan Perseroan di Tahun 2023
                                        Table of Changes in Accounting Policies Implemented by the Company in 2023



                                                                                                                        Pengaruh terhadap
                                                                                                                        Laporan Keuangan
               Kebijakan Akuntansi                                        Penjelasan
      No                                                                                                                    Perseroan
                   Accounting Policy                                       Explanation
                                                                                                                      Influence of the Company’s
                                                                                                                          Financial Statements

      1      Amandemen PSAK                     Amendamen PSAK 1 tersebut mengatur tersebut persyaratan             Tidak ada dampak yang
             1: Penyajian Laporan               untuk mengklasifikasikan suatu fabilitas sebagai jangka             signifikan
             Keuangan tentang                   pendek atau jangka panjang dan menjelaskan hal-hal                  No significant impact
             Klasifikasi Liabilitas             sebagai berikut:
             sebagai Jangka Pendek              •    hak untuk menangguhkan pelunasan,
             atau Jangka Panjang                •    hak untuk menangguhkan pelunasan harus ada pada
             Amendment to PSAK 1                     akhir periode pelaporan,
             Presentation of Financial          •    klasifikasi tersebut tidak dipengaruhi oleh
             Statements regarding                    kemungkinan entitas akan menggunakan haknya untuk
             Classification Liabilities              menangguhkan liabilitas, dan
             as Current of Non                  •    hanya jika derivatif melekat pada liabilitas konversi
             Current                                 tersebut adalah suatu instrumen ekuitas, maka syarat
                                                     dan ketentuan dari suatu liabilitas konversi tidak akan
                                                     berdampak pada klasifikasinya
                                                The amendment to PSAK 1 regulates the requirements for
                                                classifying a liability as short-term or and explains the long-
                                                term following:
                                                •    the right to suspend repayment,
                                                •    the right to defer repayment must exist at the end of
                                                     the reporting period,
                                                •    the classification is not affected by the likelihood that
                                                     the entity will exercise its right to suspend the liability,
                                                     and
                                                •    only if the derivative attached to the convertible liability
                                                     is an equity instrument, then the terms and conditions
                                                     of a convertible liability will have no impact on its
                                                     classification




408    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 409
                                                                        Analisa dan Pembahasan Manajemen
                                                                        Management Discussion and Analysis




                   Tabel Perubahan Kebijakan Akuntansi yang Diterapkan Perseroan di Tahun 2023
                             Table of Changes in Accounting Policies Implemented by the Company in 2023



                                                                                                                        Pengaruh terhadap
                                                                                                                        Laporan Keuangan
      Kebijakan Akuntansi                                    Penjelasan
No                                                                                                                          Perseroan
         Accounting Policy                                    Explanation
                                                                                                                     Influence of the Company’s
                                                                                                                         Financial Statements

2    Amendemen PSAK 16:            Amandemen ini merupakan adopsi dari amendment of                               Tidak ada dampak yang
     Aset Tetap tentang Hasil      International Accounting Standards (IAS) 16: Property, Plant                   signifikan
     sebelum Penggunaan            and Equipment: Proceeds before Intended Use.                                   No significant impact
     yang Diintensikan
     Amendment to PSAK             Amendemen ini mengklarifikasi contoh biaya yang dapat
     16: Property, Plant and       diatribusikan secara langsung ke dalam nilai perolehan aset.
     Equipment on Intended         Amandemen ini menambahkan pengaturan atas:
     Pre-Use Results               1. Pengakuan hasil penjualan dan biaya perolehan atas
                                      item yang dihasilkan saat membawa aset tetap ke lokasi
                                      dan kondisi yang diperlukan sesuai dengan intensi
                                      manajemen dalam Laba Rugi.
                                   2. Pengukuran biaya perolehan atas item tersebut dengan
                                      menerapkan persyaratan pengukuran dalam PSAK 14:
                                      Persediaan.

                                   The amendment is an adoption of the amendment to
                                   International Accounting Standard (IAS) 16: Property, Plant
                                   and Equipment: Property, Plant and Equipment Held for Use
                                   Before Intended Use.

                                   The amendment clarifies examples of costs that are directly
                                   attributable to the acquisition value of an asset. The
                                   amendment adds the above arrangements:
                                   1. Recognition of sales proceeds and acquisition costs
                                       of items generated when bringing fixed assets to the
                                       required location and condition in accordance with
                                       management's intention in Profit and Loss.
                                   2. Measurement of the cost of these items by applying the
                                       measurement requirements in PSAK 14: Inventories.
3    Amendemen PSAK 25:            Amandemen PSAK 25 disahkan pada 28 Juli 2021.                                  Tidak ada dampak yang
     Kebijakan Akuntansi,          Amandemen ini merupakan adopsi dari IAS 8 Accounting                           signifikan
     Perubahan Estimasi            Policies, Changes in Accounting Estimates and Errors.                          No significant impact
     Akuntansi, dan
     Kesalahan tentang             Amendemen PSAK 25 ini memperkenalkan definisi estimasi
     Definisi Estimasi             Akuntansi dan mengklarifikasi:
     Akuntansi                     1. Teknik estimasi dan teknik penilaian merupakan
     Amendment to PSAK                contoh dari teknik pengukuran yang digunakan dalam
     25: Accounting Policies,         mengembangkan estimasi akuntansi.
     Changes in Accounting         2. Perubahan dalam estimasi akuntansi sebagai hasil
     Estimates, and Errors            informasi baru atau perkembangan baru yang bukan
     on the Definition of             merupakan koreksi kesalahan.
     Accounting Estimates
                                   The amendment to PSAK 25 was endorsed on 28 July 2021.
                                   This amendment is an adoption of IAS 8 Accounting Policies,
                                   Changes in Accounting Estimates and Errors.

                                   This amendment to PSAK 25 introduces the definition of
                                   Accounting estimates and clarifies:
                                   1. Estimation techniques and valuation techniques
                                      are examples of measurement techniques used in
                                      developing accounting estimates.
                                   2. Changes in accounting estimates as a result of new
                                      information or new developments are not error
                                      corrections.




                                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        409
Page 410
                               Tabel Perubahan Kebijakan Akuntansi yang Diterapkan Perseroan di Tahun 2023
                                        Table of Changes in Accounting Policies Implemented by the Company in 2023



                                                                                                                       Pengaruh terhadap
                                                                                                                       Laporan Keuangan
               Kebijakan Akuntansi                                        Penjelasan
      No                                                                                                                   Perseroan
                   Accounting Policy                                       Explanation
                                                                                                                     Influence of the Company’s
                                                                                                                         Financial Statements

      4      Amendemen PSAK                     Amendemen PSAK 46 Pajak Penghasilan tentang Pajak                  Tidak ada dampak yang
             46: Pajak Penghasilan              Tangguhan terkait aset dan liabilitas yang timbul dari             signifikan
             tentang Pajak                      transaksi tunggal mensyaratkan entitas untuk mengakui              No significant impact
             Tangguhan terkait Aset             pajak tangguhan atas transaksi dimana pada pengakuan
             dan Liabilitas yang                awalnya, menimbulkan perbedaan temporer kena pajak
             timbul dari Transaksi              yang dapat dikurangkan dalam jumlah yang sama.
             Tunggal
             Amendment to PSAK                  Amendemen ini akan berlaku untuk jenis transaksi seperti
             46: Income Taxes on                sewa menyewa dan kewajiban pembongkaran yang
             Deferred Taxes related             mensyaratkan pengakuan tambahan atas aset dan liabilitas
             to Assets and Liabilities          pajak tangguhan.
             arising from a Single
             Transaction                        Amendemen PSAK 46 tersebut harus diterapkan pada
                                                transaksi yang terjadi pada atau setelah awal periode
                                                komparatif paling awal yang disajikan. Selain itu, entitas
                                                harus mengakui aset pajak tangguhan (sepanjang
                                                kemungkinan besar aset tersebut dapat digunakan) dan
                                                liabilitas pajak tangguhan termasuk seluruh perbedaan
                                                temporer yang dapat dikurangkan dan perbedaan temporer
                                                terkait lainnya, akan diakui pada awal periode komparatif
                                                paling awal.

                                                The amendment to PSAK 46 Income Taxes on Deferred
                                                Taxes related to assets and liabilities arising from a single
                                                transaction requires an entity to recognise deferred tax on
                                                transactions that, on initial recognition, give rise to an equal
                                                amount of deductible taxable temporary differences.

                                                The amendment will apply to types of transactions such as
                                                leases and dismantling obligations that require additional
                                                recognition of deferred tax assets and liabilities.

                                                The amendments to PSAK 46 should be applied to
                                                transactions that occur on or after the beginning of the
                                                earliest comparative period presented. In addition, an entity
                                                should recognise deferred tax assets (to the extent that it is
                                                probable that the assets can be utilised) and deferred tax
                                                liabilities including all deductible temporary differences and
                                                other related temporary differences, will be recognised at
                                                the beginning of the earliest comparative period.
      5      Revisi PSAK 107:                   PSAK 107 mengatur akuntansi untuk akad ijarah yang saat ini        Tidak ada dampak yang
             Akuntansi Ijarah                   banyak digunakan dalam pembiayaan yang diberikan oleh              signifikan
             Revised PSAK 107:                  bank syariah dan lembaga keuangan syariah lain. Ruang              No significant impact
             Accounting for Ijarah              lingkup PSAK 107 mencakup akad ijarah yang digunakan
                                                di sektor keuangan dan riil seperti pelayanan hotel dan
                                                kesehatan berbasis syariah.
                                                PSAK 107 regulates the accounting for ijarah contracts,
                                                which are currently widely used in financing provided by
                                                Islamic banks and other Islamic financial institutions. The
                                                scope of PSAK 107 covers ijarah contracts used in the
                                                financial and real sectors such as sharia-based hotel and
                                                healthcare services.




410    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 411
                                                               Analisa dan Pembahasan Manajemen
                                                               Management Discussion and Analysis




Informasi Kelangsungan Usaha
Information on Business Continuity

Hal-hal yang Berpotensi Berpengaruh                        Issues with Potential Impact on Business
terhadap Kelangsungan Usaha                                Continuity

Dalam menjalankan bisnisnya, Perseroan menghadapi          In running its business, the Company facing various risks
beragam risiko yang berpotensi memberikan pengaruh         that have potential to impact its business continuity.
terhadap kelangsungan usahanya. Namun, Perseroan           However, the Company implements effective and
menerapkan sistem manajemen risiko secara efektif          efficient risk management system where every level
dan efisien dimana setiap jenjang organisasi Perseroan,    of the Company's organization, namely corporate and
yaitu korporat dan unit bisnis, wajib menerapkan prinsip   business unit, is required to apply risk management
manajemen risiko dengan memperhatikan sasaran,             principles by taking into account the targets, priorities and
prioritas, serta kebermanfaatan setiap program kerja       usefulness of each work program for the sustainability
bagi keberlangsungan Perseroan. Dengan demikian,           of the Company. In this way, the Company will be able
Perseroan akan mampu mengelola risikonya dengan            to manage its risk well and reduce the impact on its
baik dan mengurangi dampak terhadap kelangsungan           business continuity.
usahanya.

Beberapa risiko yang dihadapi oleh Perseroan secara        Some of the risks faced by the Company in general,
umum, antara lain: penundaan implementasi atau             among others: delays in the implementation or
penyesuaian tarif jalan tol, minimnya pengendalian         adjustment of toll road tariffs, lack of control over toll road
progres konstruksi jalan tol, peningkatan biaya keuangan   construction progress, increased financial costs in line
seiring peningkatan tren tingkat suku bunga, tidak         with the increasing trend of interest rates, non-realisation
terealisasinya skema alternatif pendanaan yang telah       of alternative funding schemes that have been planned,
direncanakan, kebocoran atau kehilangan data penting       leakage or loss of important Company data.
Perseroan.



Asesmen Manajemen                                          Management Assessment

Manajemen Perseroan telah melakukan penilaian atas         The Company's management has assessed the
kemampuan Perseroan untuk melanjutkan kelangsungan         Company's ability to continue its business continuity and
usahanya dan berkeyakinan bahwa Perseroan memiliki         believes that the Company has resources to continue
sumber daya untuk melanjutkan usahanya di masa             its business in the future. In addition, the Company's
mendatang. Selain itu, manajemen Perseroan tidak           management does not see any material uncertainty
melihat adanya ketidakpastian material yang dapat          that could raise significant doubts about the Company's
menimbulkan keraguan yang signifikan terhadap              ability to continue its business.
kemampuan Perseroan untuk melanjutkan usahanya.




                                                                                            Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                               411
Page 412
  Asumsi yang Digunakan Manajemen                          Assumption Applied by Management to
  untuk Melakukan Asesmen                                  Conduct the Assessment
  Beberapa faktor yang menjadi pertimbangan manajemen      Several factors that management considers when
  dalam melakukan asesmen terhadap kelangsungan            conducting assessment of business continuity are:
  usaha adalah:
  1. Kinerja keuangan;                                     1. Financial performance;
  2. Likuiditas;                                           2. Liquidity;
  3. Solvabilitas;                                         3. Solvency;
  4. Masalah internal;                                     4. Internal problem;
  5. Perkara hukum; dan                                    5. Lawsuit; and
  6. Kondisi makro ekonomi, seperti inflasi dan tingkat    6. Macroeconomic conditions, such as inflation and
     suku bunga.                                              interest rates.




  Komitmen dan Kontinjensi
  Commitments and Contingencies

  Jasa Marga memiliki komitmen dan kontinjensi yang        Jasa Marga has commitment and contingency which
  diungkapkan pada Catatan 46 dalam Laporan Keuangan       disclosed in Note 46 in Consolidated Financial
  Konsolidasian tanggal 29 Februari 2024, halaman 189-     Statements dated Ferbuary 29, 2024, page 189-209.
  209.




412   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 413
Analisa dan Pembahasan Manajemen
Management Discussion and Analysis




            Jalan Tol Surabaya-Mojokerto
                               Surabaya-Mojokerto Toll Road




                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                413
Page 414

          
Page 415

          
Page 416

          
Page 417

          
Page 418

          
Page 419

          
Page 420

          
Page 421

          
Page 422

          
Page 423

          
Page 424

          
Page 425

          
Page 426

          
Page 427

          
Page 428

          
Page 429

          
Page 430

          
Page 431

          
Page 432

          
Page 433

          
Page 434

          
Page 435

          
Page 436

          
Page 437

          
Page 438

          
Page 439

          
Page 440

          
Page 441

          
Page 442

          
Page 443

          
Page 444

          
Page 445

          
Page 446

          
Page 447

          
Page 448

          
Page 449

          
Page 450

          
Page 451

          
Page 452

          
Page 453

          
Page 454

          
Page 455

          
Page 456

          
Page 457

          
Page 458

          
Page 459

          
Page 460

          
Page 461

          
Page 462

          
Page 463

          
Page 464

          
Page 465

          
Page 466

          
Page 467

          
Page 468

          
Page 469

          
Page 470

          
Page 471

          
Page 472

          
Page 473

          
Page 474

          
Page 475

          
Page 476

          
Page 477

          
Page 478

          
Page 479

          
Page 480

          
Page 481

          
Page 482

          
Page 483

          
Page 484

          
Page 485

          
Page 486

          
Page 487

          
Page 488

          
Page 489

          
Page 490

          
Page 491

          
Page 492

          
Page 493

          
Page 494

          
Page 495

          
Page 496

          
Page 497

          
Page 498

          
Page 499

          
Page 500

          
Page 501

          
Page 502

          
Page 503

          
Page 504

          
Page 505

          
Page 506

          
Page 507

          
Page 508

          
Page 509

          
Page 510

          
Page 511

          
Page 512

          
Page 513

          
Page 514

          
Page 515

          
Page 516

          
Page 517

          
Page 518

          
Page 519

          
Page 520

          
Page 521

          
Page 522

          
Page 523

          
Page 524

          
Page 525

          
Page 526

          
Page 527

          
Page 528

          
Page 529

          
Page 530

          
Page 531

          
Page 532

          
Page 533

          
Page 534

          
Page 535

          
Page 536

          
Page 537

          
Page 538

          
Page 539

          
Page 540

          
Page 541

          
Page 542

          
Page 543

          
Page 544

          
Page 545

          
Page 546

          
Page 547

          
Page 548

          
Page 549

          
Page 550

          
Page 551

          
Page 552

          
Page 553

          
Page 554

          
Page 555

          
Page 556

          
Page 557

          
Page 558

          
Page 559

          
Page 560

          
Page 561

          
Page 562

          
Page 563

          
Page 564

          
Page 565

          
Page 566

          
Page 567

          
Page 568

          
Page 569

          
Page 570

          
Page 571

          
Page 572

          
Page 573

          
Page 574

          
Page 575

          
Page 576

          
Page 577

          
Page 578

          
Page 579

          
Page 580

          
Page 581

          
Page 582

          
Page 583

          
Page 584

          
Page 585

          
Page 586

          
Page 587

          
Page 588

          
Page 589

          
Page 590

          
Page 591

          
Page 592

          
Page 593

          
Page 594

          
Page 595

          
Page 596

          
Page 597

          
Page 598

          
Page 599

          
Page 600

          
Page 601

          
Page 602

          
Page 603

          
Page 604

          
Page 605

          
Page 606

          
Page 607

          
Page 608

          
Page 609

          
Page 610

          
Page 611

          
Page 612

          
Page 613

          
Page 614

          
Page 615

          
Page 616

          
Page 617

          
Page 618

          
Page 619

          
Page 620

          
Page 621

          
Page 622

          
Page 623

          
Page 624

          
Page 625

          
Page 626

          
Page 627

          
Page 628

          
Page 629

          
Page 630

          
Page 631

          
Page 632

          
Page 633

          
Page 634

          
Page 635

          
Page 636

          
Page 637

          
Page 638

          
Page 639

          
Page 640

          
Page 641

          
Page 642

          
Page 643

          
Page 644

          
Page 645

          
Page 646

          
Page 647

          
Page 648

          
Page 649

          
Page 650

          
Page 651

          
Page 652

          
Page 653

          
Page 654

          
Page 655

          
Page 656

          
Page 657

          
Page 658

          
Page 659

          
Page 660

          
Page 661

          
Page 662

          
Page 663

          
Page 664

          
Page 665

          
Page 666

          
Page 667

          
Page 668

          
Page 669

          
Page 670

          
Page 671

          
Page 672

          
Page 673

          
Page 674

          
Page 675

          
Page 676

          
Page 677

          
Page 678

          
Page 679

          
Page 680

          
Page 681

          
Page 682

          
Page 683

          
Page 684

          
Page 685

          
Page 686

          
Page 687

          
Page 688

          
Page 689

          
Page 690

          
Page 691

          
Page 692

          
Page 693

          
Page 694

          
Page 695

          
Page 696

          
Page 697

          
Page 698

          
Page 699

          
Page 700

          
Page 701

          
Page 702

          
Page 703

          
Page 704

          
Page 705

          
Page 706

          
Page 707

          
Page 708

          
Page 709

          
Page 710

          
Page 711

          
Page 712

          
Page 713

          
Page 714

          
Page 715

          
Page 716

          
Page 717

          
Page 718

          
Page 719

          
Page 720

          
Page 721

          
Page 722

          
Page 723

          
Page 724

          
Page 725

          
Page 726

          
Page 727

          
Page 728

          
Page 729

          
Page 730

          
Page 731

          
Page 732

          
Page 733

          
Page 734

          
Page 735

          
Page 736

          
Page 737

          
Page 738

          
Page 739

          
Page 740

          
Page 741

          
Page 742

          
Page 743

          
Page 744

          
Page 745

          
Page 746

          
Page 747

          
Page 748

          
Page 749

          
Page 750

          
Page 751

          
Page 752

          
Page 753

          
Page 754

          
Page 755

          
Page 756

          
Page 757

          
Page 758

          
Page 759

          
Page 760

          
Page 761

          
Page 762

          
Page 763

          
Page 764

          
Page 765

          
Page 766

          
Page 767

          
Page 768

          
Page 769

          
Page 770

          
Page 771

          
Page 772

          
Page 773

          
Page 774

          
Page 775

          
Page 776

          
Page 777

          
Page 778

          
Page 779

          
Page 780

          
Page 781

          
Page 782

          
Page 783

          
Page 784

          
Page 785

          
Page 786

          
Page 787

          
Page 788

          
Page 789

          
Page 790

          
Page 791

          
Page 792

          
Page 793

          
Page 794
            07
             Tanggung Jawab
             Sosial dan
             Lingkungan
             Social and Environmental
             Responsibility




      796   Kinerja Keberlanjutan Aspek Ekonomi
            Economic Aspect Sustainability
            Performance

      797   Kinerja Keberlanjutan Aspek Lingkungan
            Hidup
            Environmental Aspect Sustainability
            Performance

      797   Kinerja Keberlanjutan Aspek Sosial
            Social Aspect Sustainability Performance




794   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 795
                                                         Tanggung Jawab Sosial dan Lingkungan
                                                         Social and Environmental Responsibility




Komitmen Jasa Marga terhadap tanggung jawab sosial dan lingkungan perusahaan
mencerminkan dedikasinya untuk menjadi perusahaan korporatif yang bertanggung
jawab, turut berkontribusi pada pembangunan jangka panjang, dan meningkatkan
kesejahteraan masyarakat.
Jasa Marga's commitment to corporate social and environmental responsibility reflects
its dedication to being a responsible corporate citizen and contributing to long-term
development and community well-being.



                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                        795
Page 796
                                                            Kinerja Keberlanjutan Aspek Ekonomi
                                                            Economic Aspect Sustainability Performance
  Tanggung Jawab
  Sosial dan
                                                                        Laba Bersih
  Lingkungan 2023                                                       Net Profit
                                                                        Net Profit

  Social and Environmental
  Responsibility Highlights
                                                                        Rp
                                                                               6.749
                                                                    naik sebesar
                                                                                                     Miliar
                                                                                                     Billion

                                                                                   190,5% sebelumnya.
                                                                                             dibandingkan tahun
  2023                                                              Increased by
                                                                                             compared to the
                                                                                             previous year.




                                                                         3
  Jasa Marga telah menyusun Laporan Keberlanjutan
  Tahun 2023 secara terpisah namun tetap menjadi
  bagian dari Laporan Tahunan Tahun 2023. Di dalam
  laporan tersebut, Perseroan menjabarkan pencapaian                                 Ruas Jalan
  kinerja keberlanjutan dan pelaksanaan tanggung
                                                                                     Toll Road
  jawab sosial dan lingkungan Perseroan untuk periode
  pelaporan dari 1 Januari 2023 hingga 31 Desember                                   Green Toll Road
  2023. Penyusunan laporan tersebut mengacu pada
  ketentuan dalam Peraturan Otoritas Jasa Keuangan
  (OJK) No. 51/POJK.03/2017 tentang Penerapan
  Keuangan Berkelanjutan Bagi Lembaga Jasa
  Keuangan, Emiten, Dan Perusahaan Publik (lampiran                     Panjang Jalan Tol
  II) dan Surat Edaran OJK No. 16/SEOJK.04/2021                         Laba Bersih
                                                                        Beroperasi
  tentang Bentuk dan Isi Laporan Tahunan Emiten atau                    Net ProfitToll Road Length
  Perusahaan Publik (lampiran II). Selain ketentuan                     Operated


                                                                        1.264 km
  tersebut, Laporan Keberlanjutan Tahun 2023 juga
  disusun dengan menggunakan standar internasional
  yang dikeluarkan oleh Global Sustainability Standards
  Board (GSSB) yaitu Global Reporting Initiative (GRI)
  Standard dengan GRI 1 yang digunakan adalah GRI 1:
  Landasan 2021.

  Proses penyusunan laporan keberlanjutan diawali                         Jumlah Pemasok Lokal
  dengan kegiatan focus group discussion (FGD)                            Number of Local Suppliers



                                                                         487
  untuk mengidentifikasi dan menilai dampak paling
  signifikan serta menetapkan topik material. FGD                                       Perusahaan
  tersebut dilaksanakan pada tanggal 9-10 November                                      Company
  2023 yang dihadiri oleh perwakilan Kementerian
  BUMN selaku pemegang saham mayoritas,
  perwakilan Badan Pengatur Jalan Tol (BPJT) selaku
  regulator pengelola jalan tol di Indonesia, perwakilan
  Masyarakat Transportasi Indonesia (MTI) selaku
  lembaga profesional pemerhati pengelolaan jalan
  tol di Indonesia, serta akademisi yang memahami
  pelaksanaan keberlanjutan dan Lingkungan, Sosial,
  dan Tata Kelola (LST).

  Jasa Marga has prepared the 2023 Sustainability
  Report separately while still being a part of the 2023
  Annual Report. In this report, the company outlines
  the achievements of sustainability performance and
  the implementation of the company's social and
  environmental responsibilities for the reporting period
  from January 1, 2023, to December 31, 2023. The
  preparation of this report refers to the provisions in
  the Financial Services Authority Regulation (OJK)
  No. 51/POJK.03/2017 regarding the Implementation
  of Sustainable Finance for Financial Institutions,
  Issuers, and Public Companies (attachment II), and
  Financial Services Authority Circular Letter No. 16/
  SEOJK.04/2021 regarding the Form and Contents of
  the Annual Report of Issuers or Public Companies
  (attachment II). In addition to these provisions,
  the 2023 Sustainability Report is also prepared
  using international standards issued by the Global
  Sustainability Standards Board (GSSB), namely the
  Global Reporting Initiative (GRI) Standard with GRI 1
  used as GRI 1: Foundation 2021.

  The process of preparing the sustainability report
  begins with a focus group discussion (FGD) activity
  to identify and assess the most significant impacts
  and determine material topics. The FGD took
  place on November 9-10, 2023, and was attended
  by representatives from the Ministry of State-
  Owned Enterprises as the majority shareholder,
  representatives from the Toll Road Regulatory
  Agency (BPJT) as the toll road management regulator
  in Indonesia, representatives from the Indonesian
  Transportation Society (MTI) as a professional
  organization monitoring toll road management in
  Indonesia, and academics familiar with sustainability
  and Environmental, Social, and Governance (ESG)
  practices.




796   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 797
                                                                                                        Tanggung Jawab Sosial dan Lingkungan
                                                                                                        Social and Environmental Responsibility


Kinerja Keberlanjutan Aspek Lingkungan Hidup
Environmental Aspect Sustainability Performance



       Penggunaan                                Penggunaan                                                        Penggunaan
       Listrik                                   BBM                                                               Air
       Electricity Usage                         Fuel Usage                                                        Water Usage

       41.860.241 kWH                            1.960,3           kilo liter                                     249.245 Liter


                                                Emisi GRK                                                        Dana Pelestarian
                                                GHG Emmision
                                                                                                                 Lingkungan
       Penanaman                                                                                                 Environmental
       Plantation
                                                Cakupan 1                Cakupan 2
                                                                                                                 Conservation Fund
                                                1st Scope                2nd Scope

       14.297                  Pohon
                               Trees            4.776,86
                                                tonCO2eq
                                                                        36.471,61
                                                                         tonCO2eq
                                                                                                                Rp
                                                                                                                         11,07                    Milyar
                                                                                                                                                  Billion




Kinerja Keberlanjutan Aspek Sosial
Social Aspect Sustainability Performance




               Rata-rata Jam                       Investasi Sosial                                               Indeks Total
               Pelatihan Karyawan                  Social Investment                                              Kepuasan Pelanggan
               Average Employee Training                                                                          Total Customer Satisfaction
               Hours                                                                                              Index
                                                   Rp
                                                           23,18                   Miliar



               32                                                                                                  4,98
                                                                                   Billion
                             Jam per Orang
                             Hours per Person
                                                   Bidang Pendidikan – Bidang Kesehatan –
                                                   Pengembangan Ekonomi Lokal – Bantuan
                                                   Lingkungan Masyarakat – Mengahiri Kelaparan –                   dari 5,00
                                                   Air Bersih dan Sanitasi Layak – Kota dan Pemukiman
                                                   Berkelanjutan – Menjaga Ekosistem Darat
                                                                                                                   from 5.00
                                                   Education Sector – Health Sector – Local Economic
                                                   Development – Community Environmental Assistance
                                                   – Ending Hunger – Clean Water and Sanitation –
                                                   Sustainable Cities and Communities – Maintaining
                                                   Terrestrial Ecosystems




                                                                                                    Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                            797
Page 798
            08
             Referensi POJK,
             SEOJK, dan
             Kriteria ARA
             Reference of POJK,
             SEOJK and ARA Criteria




      804   Referensi POJK No. 29/POJK.04/2016
            dan SEOJK No. 16/SEOJK.04/2021
            POJK No. 29/POJK.04/2016 and
            SEOJK No. 16/SEOJK.04/2021 Reference

      824   Referensi Kriteria Annual Report Award
            (ARA)
            Annual Report Award (ARA) Criteria
            References




798   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 799
                     Referensi POJK, SEOJK, dan Kriteria ARA
                     Reference of POJK, SEOJK and ARA Criteria




Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                           799
Page 800
  Referensi POJK No. 29/POJK.04/2016
  dan SEOJK No. 16/SEOJK.04/2021
  POJK NO. 29/POJK.04/2016 and
  SEOJK No. 16/SEOJK.04/2021 Reference

                                                                Uraian                                                      Halaman
      No.
                                                              Description                                                    Page

      1.    Ketentuan Umum
            General Terms
            a.   Laporan Tahunan paling sedikit memuat informasi mengenai:
                 1. ikhtisar data keuangan penting;
                 2. informasi saham (jika ada);
                 3. laporan Direksi;
                 4. laporan Dewan Komisaris;
                 5. profil Emiten atau Perusahaan Publik;
                 6. analisis dan pembahasan manajemen;
                 7. tata kelola Emiten atau Perusahaan Publik;
                 8. tanggung jawab sosial dan lingkungan Emiten atau Perusahaan Publik;
                 9. laporan keuangan tahunan yang telah diaudit; dan
                 10. surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas
                     Laporan Tahunan;
                                                                                                                               v
            a.   The Annual Report shall at least include the following information:
                 1. an overview of important financial data;
                 2. share information (if any);
                 3. board of Directors’ report;
                 4. board of Commissioners’ report;
                 5. issuer or Public Company profiles;
                 6. management discussion and analysis;
                 7. issuer or Public Company governance;
                 8. issuer or Public Company social and environmental responsibility;
                 9. audited annual financial statements; and
                 10. a statement from the Board of Directors and the Board of Commissioners on their responsibility for
                     the Annual Report;
            b. Laporan Tahunan dapat menyajikan informasi berupa gambar, grafik, tabel, dan/atau diagram dengan
               mencantumkan judul dan/atau keterangan yang jelas, sehingga mudah dibaca dan dipahami/
                                                                                                                               v
               Annual reports can present information in the form ofpictures, graphs, tables, and / or diagrams clearly
               statingthe title and / or description, which is easy to read and understand
      2.    Uraian Isi Laporan Tahunan
            Annual Report Contents Description
      A.    Ikhtisar Data Keuangan Penting
                                                                                                                             20-23
            Summary of Important Financial Data
            Ikhtisar data keuangan penting memuat informasi keuangan yang disajikan dalam bentuk perbandingan
            selama 3 (tiga) tahun buku atau sejak memulai usahanya jika Emiten atau Perusahaan Publik tersebut
            menjalankan kegiatan usahanya kurang dari 3 (tiga) tahun, paling sedikit memuat:
            Financial Highlights includes financial information presented in the form of comparison for 3 (three)
            financial years, or since starting a business if the Issuer’s or the Public Company’s business activities are
            less than 3 (three) years, and should at least include:
            1.   pendapatan/penjualan;
                                                                                                                              20
                 revenue/sales;
            2. laba bruto;
                                                                                                                              20
               gross profit;
            3. laba (rugi);
                                                                                                                              20
               profit (loss);




800    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 801
                                                                                                             Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                             Reference of POJK, SEOJK and ARA Criteria




                                                         Uraian                                                                     Halaman
No.
                                                        Description                                                                     Page

      4. jumlah laba (rugi) yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan non
         pengendali;                                                                                                                     20
         total profit (loss) attributable to owners of the parent and non-controlling interests;
      5. total laba (rugi) komprehensif;
                                                                                                                                         20
         total comprehensive profit (loss);
      6. jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk dan
         kepentingan non pengendali;                                                                                                     20
         total comprehensive profit (loss) attributable to owners of the parent and non- controlling interests;
      7.   laba (rugi) per saham;
                                                                                                                                         20
           profit (loss) per share;
      8. jumlah aset;
                                                                                                                                         21
         total assets;
      9. jumlah liabilitas;
                                                                                                                                         21
         total liabilities;
      10. jumlah ekuitas;
                                                                                                                                         21
          total equities;
      11. rasio laba (rugi) terhadap jumlah aset;
                                                                                                                                         21
          profit (loss) to total assets ratio;
      12. rasio laba (rugi) terhadap ekuitas;
                                                                                                                                         21
          profit (loss) to equity ratio;
      13. rasio laba (rugi) terhadap pendapatan/penjualan;
                                                                                                                                         21
          profit (loss) to revenue/sales ratio;
      14. rasio lancar;
                                                                                                                                         21
          current ratio;
      15. rasio liabilitas terhadap ekuitas;
                                                                                                                                         21
          liabilities to equity ratio;
      16. rasio liabilitas terhadap jumlah aset; dan
                                                                                                                                         21
          liabilities to total assets ratio;
      17. informasi dan rasio keuangan lainnya yang relevan dengan Emiten atau Perusahaan Publik dan jenis
          industrinya.                                                                                                                   21
          other information and financial ratios relevant to the Issuer or a Public Company and its industry type;
B.    Informasi Saham
                                                                                                                                      25-26
      Share Information
      Informasi saham bagi Perusahaan Terbuka paling sedikit memuat:
      Share information for a Public Company shall at least contain:
      1. saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk perbandingan
          selama 2 (dua) tahun buku terakhir, paling sedikit memuat:
          shares issued for each quarter are presented in the form of comparison for the last 2 (two) years, to
          include at least:
          a. jumlah saham yang beredar;
              total outstanding shares;
          b. kapitalisasi pasar berdasarkan harga pada bursa efek tempat saham dicatatkan;
              market capitalization based on the price on the Stock Exchange where the securities are listed;                            25
          c. harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada bursa efek tempat
              saham dicatatkan; dan
              the highest, lowest, and closing share price based on the Stock Exchange where the securities are
              listed; and
          d. volume perdagangan pada bursa efek tempat saham dicatatkan.
              the volume of trading on the Stock Exchange where the securities are listed;
          Informasi dalam huruf b), huruf c), dan huruf d) hanya diungkapkan jika sahamnya tercatat di bursa
          efek;
          Information on the letter b), c), and d) is only disclosed if the shares are listed on the Stock Exchange;




                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    801
Page 802
                                                                 Uraian                                                    Halaman
      No.
                                                               Description                                                  Page

            2. dalam hal terjadi aksi korporasi yang menyebabkan terjadinya perubahan pada saham, seperti
               pemecahan saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus,
               perubahan nilai nominal saham, penerbitan efek konversi, serta penambahan dan pengurangan
               modal, informasi saham sebagaimana dimaksud pada angka 1) ditambahkan penjelasan paling sedikit
               mengenai:
               in the event of a corporate action that causes changes in shares, such as stock splits, reverse stock,
               stock dividends, bonus shares, changes in the shares’ nominal value, conversion securities issuance,
               as well as capital additions and deductions, share information as referred to in number 1) shall be
               added with, at least, explanation regarding:
               a. tanggal pelaksanaan aksi korporasi;
                    corporate action execution date;                                                                         33
               b. rasio pemecahan saham (stock split), penggabungan saham (reverse stock), dividen saham, saham
                    bonus, jumlah efek konversi yang diterbitkan, dan perubahan nilai nominal saham;
                    the ratio of stock splits, reverse stock, stock dividends, bonus shares, the number of convertible
                    securities issued, and changes in the nominal value of shares;
               c. jumlah saham beredar sebelum dan sesudah aksi korporasi;
                    the number of shares outstanding before and after the corporate action;
               d. jumlah efek konversi yang dilaksanakan ( jika ada); dan
                    the number of convertible securities exercised (if any); and
               e. harga saham sebelum dan sesudah aksi korporasi;
                    share price before and after the corporate action;
            3. dalam hal terjadi penghentian sementara perdagangan saham (suspension) dan/atau pembatalan
               pencatatan saham (delisting) dalam tahun buku, dijelaskan alasan penghentian sementara
               perdagangan saham (suspension) dan/atau pembatalan pencatatan saham (delisting) tersebut; dan                 33
               in the event of share trading temporary suspension (suspension) and/or shares delisting during the
               fiscal year, the shares’ suspension and/or delisting reasons shall be explained; and
            4. dalam hal penghentian sementara perdagangan saham (suspension) sebagaimana dimaksud pada
               angka 3) dan/atau proses pembatalan pencatatan saham (delisting) masih berlangsung hingga akhir
               periode Laporan Tahunan, dijelaskan tindakan yang dilakukan untuk menyelesaikan penghentian
               sementara perdagangan saham (suspension) dan/atau pembatalan pencatatan saham (delisting)
                                                                                                                             33
               tersebut.
               if the share trading temporary suspension as referred to in number 3) and/or the delisting process
               is still ongoing until the end of the Annual Report period, the actions taken to resolve the temporary
               suspension of share trading and/ or cancellation of the share listing (delisting) shall be explained.
      C.    Laporan Direksi
                                                                                                                            70-80
            Board of Directors Report
            Laporan Direksi paling sedikit memuat uraian singkat mengenai:
            The Board of Directors’ Report shall, at the minimum, contain a brief description of:
            1. kinerja Emiten atau Perusahaan Publik, paling sedikit memuat:
               the Board of Directors’ report shall, at the minimum, contain a brief description of:
                 a.    strategi dan kebijakan strategis Emiten atau Perusahaan Publik;
                                                                                                                            72-73
                       the strategy and strategic policy of the Issuer or Public Company;
                 b. peranan Direksi dalam perumusan strategi dan kebijakan strategis Emiten atau Perusahaan Publik;
                    the Board of Directors’ role in formulating strategies and strategic policies of Issuers or Public       73
                    Companies;
                 c.    proses yang dilakukan Direksi untuk memastikan implementasi strategi Emiten atau Perusahaan
                       Publik;
                                                                                                                            73-74
                       the process carried out by the Board of Directors to ensure the implementation of the Issuer’s or
                       Public Company’s strategy;
                 d. perbandingan antara hasil yang dicapai dengan yang ditargetkan Emiten atau Perusahaan Publik;
                    dan
                                                                                                                             74
                    comparison between the results achieved and those targeted by the Issuer or Public Company;
                    and
                 e. kendala yang dihadapi Emiten atau Perusahaan Publik;
                                                                                                                            75-77
                    the constraints faced by the Issuer or Public Company;
            2. gambaran tentang prospek usaha Emiten atau Perusahaan Publik; dan
                                                                                                                            77-78
               business prospects overview of the Issuer or Public Company; and
            3. penerapan tata kelola Emiten atau Perusahaan Publik.
                                                                                                                            78-79
               governance implementation of the Issuer or Public Company.




802    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 803
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




                                                         Uraian                                                                    Halaman
No.
                                                       Description                                                                     Page

D.    Laporan Dewan Komisaris
                                                                                                                                     58-67
      Board of Commissioner Report
      Laporan Dewan Komisaris paling sedikit memuat uraian singkat mengenai:
      The Board of Commissioners’ Report shall, at the minimum, contain a brief description of:
      1. penilaian terhadap kinerja Direksi mengenai pengelolaan Emiten atau Perusahaan Publik, termasuk
         pengawasan Dewan Komisaris dalam perumusan dan implementasi strategi Emiten atau Perusahaan
                                                                                                                                     60-62
         Publik yang dilakukan oleh Direksi;
         the Board of Directors’ performance evaluation regarding the management of Issuers or Public
         Companies, including the supervision of the Board of Commissioners in the strategies formulation and
         implementation for Issuers or Public Companies carried out by the Board of Directors;
      2. pandangan atas prospek usaha Emiten atau Perusahaan Publik yang disusun oleh Direksi; dan
                                                                                                                                        62
         view on the business prospects of the Issuer or Public Company prepared by the Board of Directors;
      3. pandangan atas penerapan tata kelola Emiten atau Perusahaan Publik.
                                                                                                                                     62-66
         view on the Issuer or Public Company’s application of governance;
E.    Profil Emiten atau Perusahaan Publik
                                                                                                                                     88-291
      Profile of the Issuer or Public Company
      Profil Emiten atau Perusahaan Publik paling sedikit memuat informasi:
      Profile of the Issuer or Public Company contains, at the minimum, information of:
      1. nama Emiten atau Perusahaan Publik termasuk apabila terdapat perubahan nama, alasan perubahan,
                                                                                                                                        88
          dan tanggal efektif perubahan nama pada tahun buku;
          the name of the Issuer or Public Company, including if there was any change of name, the reason for
          the change, and effective date of the name change during the fiscal year;
      2. akses terhadap Emiten atau Perusahaan Publik termasuk kantor cabang atau kantor perwakilan yang
         memungkinkan masyarakat dapat memperoleh informasi mengenai Emiten atau Perusahaan Publik,
         meliputi:
         access to Issuer or Public Company, including any branch offices or representative offices, which
         allows the public access to information on the Issuer or Public Company, including:
         a. alamat;
                                                                                                                                    88, 102-
             address;
                                                                                                                                      103
         b. nomor telepon;
             telephone number;
         c. alamat surat elektronik; dan
             electronic mail address; and
         d. alamat situs web;
             web site address;
      3. riwayat singkat Emiten atau Perusahaan Publik;
                                                                                                                                     89-90
         a brief history of Issuer or Public Company;
      4. visi dan misi Emiten atau Perusahaan Publik serta budaya perusahaan (corporate culture) atau nilai-
         nilai perusahaan;
                                                                                                                                    104-109
         the vision and mission of the Issuer or Public Company as well as the corporate culture or corporate
         values;
      5. kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha yang dijalankan pada tahun buku,
         serta jenis barang dan/atau jasa yang dihasilkan;
                                                                                                                                    110-120
         business activities according to the last articles of association, the business activities carried out
         during the fiscal year, as well as the type of goods and/or services produced;
      6. wilayah operasional Emiten atau Perusahaan Publik;
         the operational area of the Issuer or Public Company;
         wilayah operasional merupakan wilayah atau daerah pelaksanaan kegiatan operasional atau
                                                                                                                                     94-101
         jangkauan dari kegiatan operasional perusahaan.
         the operational area is the area or area for the implementation of operational activities or the range of
         the company’s operating activities.
      7.   struktur organisasi Emiten atau Perusahaan Publik dalam bentuk bagan, paling sedikit sampai dengan
           struktur 1 (satu) tingkat di bawah Direksi termasuk komite di bawah Direksi ( jika ada) dan komite di
           bawah Dewan Komisaris, disertai dengan nama dan jabatan;
                                                                                                                                    124-125
           the organizational structure of the Issuer or Public Company in the form of a chart, at the minimum,
           the structure of 1 (one) level below the Board of Directors including committees under the Board of
           Directors (if any) and the Board of Commissioners, accompanied by names and positions;
      8. daftar keanggotaan asosiasi industri baik dalam skala nasional maupun internasional yang berkaitan
         dengan penerapan keuangan berkelanjutan;
                                                                                                                                        91
         a list of industry association memberships both on a national and international scale related to the
         implementation of sustainable finance;




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  803
Page 804
                                                              Uraian                                                      Halaman
      No.
                                                            Description                                                    Page

            9. profil Direksi, paling sedikit memuat:
               the profile of Directors, to at least include:
               a. nama dan jabatan yang sesuai dengan tugas dan tanggung jawab;
                   the name and position per the duties and responsibilities;
               b. foto terbaru;
                   a recent photograph;
               c. usia;
                   age;
               d. kewarganegaraan;
                   nationality;
               e. riwayat pendidikan dan/atau sertifikasi;
                   educational and/or certification history;
               f. riwayat jabatan, meliputi informasi:
                   position history, including information on:
                   i. dasar hukum pengangkatan sebagai anggota Direksi pada Emiten atau Perusahaan Publik
                         yang bersangkutan;
                         the legal basis for appointment as a member of the Board of Directors of the Issuer or Public
                         Company concerned;
                   ii. rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota
                         komite serta jabatan lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik.
                         Dalam hal anggota Direksi tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal          126-127,
                         tersebut; dan                                                                                    135-140
                         concurrent positions, either as a member of the Board of Directors, member of the Board of
                         Commissioners, and/or committee member, and other positions inside and outside the Issuer
                         or Public Company. If a member of the Board of Directors does not have concurrent positions,
                         then this is disclosed; and
                   iii. pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                         Perusahaan Publik.
                         period of work experience both inside and outside the Issuer or Public Company.
               g. hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan Komisaris, pemegang saham
                   utama, dan pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu,
                   meliputi nama pihak yang terafiliasi. Dalam hal anggota tidak memiliki hubungan afiliasi, maka
                   Emiten atau Perusahaan Publik mengungkapkan hal tersebut; dan
                   affiliation with other members of the Board of Directors, members of the Board of Commissioners,
                   major shareholders, and controllers either directly or indirectly to individual owners, including
                   the names of affiliated parties. If the member has no affiliation relationship, the Issuer or Public
                   Company shall disclose this matter; and
               h. perubahan komposisi anggota Direksi dan alasan perubahannya. Dalam hal tidak terdapat
                   perubahan komposisi anggota Direksi, maka diungkapkan mengenai hal tersebut;
                   changes in the composition of the members of the Board of Directors and the reasons for the
                   changes. If there is no change in the composition of the members of the Board of Directors, this
                   matter shall be disclosed;




804    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 805
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




                                                         Uraian                                                                    Halaman
No.
                                                       Description                                                                     Page

      10. profil Dewan Komisaris, paling sedikit memuat:
          The profile of Board of Commissioners, to at least include:
          a. nama dan jabatan;
              the name and position;
          b. foto terbaru;
              a recent photograph;
          c. usia;
              age;
          d. kewarganegaraan;
              nationality;
          e. riwayat pendidikan dan/atau sertifikasi;
              educational and/or certification history;
          f. riwayat jabatan, meliputi informasi:
              position history, including information on:
              i. dasar hukum pengangkatan sebagai anggota Dewan Komisaris;
                    the legal basis for appointment as a member of the Board of Commissioners of the Issuer or
                    Public Company concerned;
              ii. dasar hukum pengangkatan pertama kali sebagai anggota Dewan Komisaris yang merupakan
                    komisaris independen pada Emiten atau Perusahaan Publik yang bersangkutan;
                    the legal basis for the first appointment as a member of the Board of Commissioners who is an
                    independent commissioner of the Issuer or Public Company concerned;
              iii. rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik.
                    Dalam hal anggota Dewan Komisaris tidak memiliki rangkap jabatan, maka diungkapkan
                    mengenai hal tersebut; dan
                    concurrent positions, either as a member of the Board of Commissioners, member of the
                    Board of Directors, and/or committee member, and other positions inside and outside
                    the Issuer or Public Company. If a member of the Board of Commissioners does not have
                    concurrent positions, then this is disclosed; and
              iv. pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                    Perusahaan Publik.
                    period of work experience both inside and outside the Issuer or Public Company.
          g. hubungan afiliasi dengan anggota Dewan Komisaris lainnya, pemegang saham utama, dan
              pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama
              pihak yang terafiliasi; Dalam hal anggota Dewan Komisaris tidak memiliki hubungan afiliasi, maka
              Emiten atau Perusahaan Publik mengungkapkan hal tersebut;
              affiliation with other members of the Board of Commissioners, major shareholders, and controllers
              either directly or indirectly to individual owners, including the names of affiliated parties. If the
              member has no affiliation relationship, the Issuer or Public Company shall disclose this matter; and
          h. pernyataan independensi komisaris independen dalam hal komisaris independen telah menjabat
              lebih dari 2 (dua) periode; dan
              changes in the composition of the members of the Board of Commissioners and the reasons
              for the changes. If there is no change in the composition of the members of the Board of
              Commissioners, this matter shall be disclosed;
          i. perubahan komposisi anggota Dewan Komisaris dan alasan perubahannya. Dalam hal tidak
              terdapat perubahan komposisi anggota Dewan Komisaris, maka diungkapkan mengenai hal
              tersebut;
      11. dalam hal terdapat perubahan susunan anggota Direksi dan/atau anggota Dewan Komisaris yang
          terjadi setelah tahun buku berakhir sampai dengan batas waktu penyampaian Laporan Tahunan,
          susunan yang dicantumkan dalam Laporan Tahunan adalah susunan anggota Direksi dan/atau
          anggota Dewan Komisaris yang terakhir dan sebelumnya;
                                                                                                                                        127
          in the event of changes in the composition of the Board of Directors and/or the Board of
          Commissioners’ members that occurred after the fiscal year ends until the deadline for submission of
          the Annual Report, the composition to be included in the Annual Report is the latest and the previous
          composition of the Board of Directors and/or the Board of Commissioners’ members;
      12. jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat pendidikan, dan status ketenagakerjaan
          (tetap/kontrak) dalam tahun buku;
          number of employees by gender, position, age, education level, and employment status (permanent/
                                                                                                                                    166-167
          contracted) in the fiscal year;
          Pengungkapan informasi dapat disajikan dalam bentuk tabel.
          Disclosure of information can be presented in tabular form.




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  805
Page 806
                                                                Uraian                                                        Halaman
      No.
                                                              Description                                                      Page

            13. nama pemegang saham dan persentase kepemilikan pada awal dan akhir tahun buku, yang terdiri dari
                informasi mengenai:
                shareholders names and ownership percentage at the beginning and end of the fiscal year, which
                consists of information regarding:
                a. pemegang saham yang memiliki 5% (lima persen) atau lebih saham Emiten atau Perusahaan
                    Publik;
                    shareholders who own 5% (five percent) or more shares of the Issuer or Public Company;
                b. anggota Direksi dan anggota Dewan Komisaris yang memiliki saham Emiten atau Perusahaan
                    Publik. Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak
                    memiliki saham, maka diungkapkan mengenai hal tersebut; dan                                               228-232
                    members of the Board of Directors and members of the Board of Commissioners who own shares
                    in the Issuer or Public Company. If all members of the Board of Directors and/or all members of the
                    Board of Commissioners do not own shares, then this matter is disclosed; and
                c. kelompok pemegang saham masyarakat, yaitu kelompok pemegang saham yang masing-masing
                    memiliki kurang dari 5% (lima persen) saham Emiten atau Perusahaan Publik;
                    community shareholder group, namely the group of shareholders whom each own less than 5%
                    (five percent) of the shares of the Issuer or Public Company;
                Informasi di atas dapat disajikan dalam bentuk tabel.
                The above information can be presented in tabular form.
            14. persentase kepemilikan tidak langsung atas saham Emiten atau Perusahaan Publik oleh anggota
                Direksi dan anggota Dewan Komisaris pada awal dan akhir tahun buku, termasuk informasi mengenai
                pemegang saham yang terdaftar dalam daftar pemegang saham untuk kepentingan kepemilikan tidak
                langsung anggota Direksi dan anggota Dewan Komisaris;
                the shares’ indirect ownership percentage of the Issuer or Public Company by members of the Board
                of Directors and members of the Board of Commissioners at the beginning and end of the fiscal year,
                including information on shareholders registered in the shareholder register for the benefit of indirect        233
                ownership of members of the Board of Directors and the Board of Commissioners;
                Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak memiliki
                kepemilikan tidak langsung atas saham Emiten atau Perusahaan Publik, maka diungkapkan mengenai
                hal tersebut.
                If all members of the Board of Directors and/or Board of Commissioners do not have indirect
                ownership of the shares of the Issuer or Public Company, this matter shall be disclosed.
            15. jumlah pemegang saham dan persentase kepemilikan per akhir tahun buku berdasarkan klasifikasi:
                the number of shareholders and the percentage of ownership at the fiscal year-end based on the
                classification of:
                a. kepemilikan institusi lokal;
                    local institutions ownership;
                b. kepemilikan institusi asing;                                                                                230
                    foreign institutional ownership;
                c. kepemilikan individu lokal; dan
                    local individual ownership; and
                d. kepemilikan individu asing;
                    foreign individual ownership;
            16. informasi mengenai pemegang saham utama dan pengendali Emiten atau Perusahaan Publik, baik
                langsung maupun tidak langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema
                atau bagan;                                                                                                     233
                information regarding the major and controlling shareholders of the Issuer or Public Company, either
                directly or indirectly, to the individual owners, presented in the form of schematics or charts;
            17. nama entitas anak, perusahaan asosiasi, perusahaan ventura bersama dimana Emiten atau
                Perusahaan Publik memiliki pengendalian bersama entitas ( jika ada), beserta persentase kepemilikan
                saham, bidang usaha, total aset, dan status operasi entitas anak, perusahaan asosiasi, perusahaan
                ventura bersama;
                the name of the subsidiary, associate, joint venture company where the Issuer or Public Company has           234-236
                joint control of the entity (if any), along with the percentage of share ownership, line of business, total
                assets, and operating status of the subsidiary, associated company, joint venture company;
                Untuk entitas anak, ditambahkan informasi mengenai alamat entitas anak tersebut.
                For a subsidiary, information about the address of the subsidiary is added.
            18. kronologis pencatatan saham, jumlah saham, nilai nominal, dan harga penawaran dari awal pencatatan
                hingga akhir tahun buku serta nama bursa efek dimana saham Emiten atau Perusahaan Publik
                dicatatkan, termasuk pemecahan saham (stock split), penggabungan saham (reverse stock), dividen
                saham, saham bonus, dan perubahan nilai nominal saham, pelaksanaan efek konversi, pelaksanaan
                penambahan dan pengurangan modal ( jika ada);
                                                                                                                                272
                a chronological listing of shares, number of shares, nominal value, and the offer price from the start
                of recording until the end of the financial year and the name of the Stock Exchange where the shares
                of the Issuer or Public Company are listed, including stock splits, reverse stock, stock dividends,
                bonus shares, and changes in the nominal value of shares, implementation of conversion effects,
                implementation of capital additions and subtractions (if any);




806    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 807
                                                                                                           Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                           Reference of POJK, SEOJK and ARA Criteria




                                                        Uraian                                                                    Halaman
No.
                                                       Description                                                                    Page

      19. informasi pencatatan efek lainnya selain efek sebagaimana dimaksud pada angka 18, yang belum
          jatuh tempo pada tahun buku paling sedikit memuat nama efek, tahun penerbitan, tingkat suku bunga/
          imbal hasil, tanggal jatuh tempo, nilai penawaran, dan peringkat efek ( jika ada);
                                                                                                                                   273-281
          other securities listing information other than the securities as referred to in number 18), which have
          not yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest
          rate/yield, maturity date, offering value, and securities rating (if any);
      20. informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan publik (KAP) beserta jaringan/
          asosiasi/aliansinya meliputi:
          information on the use of the services of a public accountant (AP) and a public accounting firm (KAP)
          and their networks/associations/allies include:
          a. nama dan alamat;
              name and address;
          b. periode penugasan;
              assignment period;
          c. informasi jasa audit dan/atau non audit yang diberikan;
              information on audit and/or non-audit services provided;
          d. biaya jasa (fee) audit dan/atau non audit untuk masing-masing penugasan yang diberikan selama                        284-285
              tahun buku; dan
              audit and/or non-audit fee for each assignment given during the fiscal year; and
          e. dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya, yang ditunjuk tidak memberikan jasa
              non audit, maka diungkapkan mengenai informasi tersebut; dan
              if AP and KAP and their networks/associations/allies, which are appointed do not provide non-
              audit services, then the information is disclosed; and
          Pengungkapan informasi penggunaan jasa AP dan KAP beserta jaringan/asosiasi/aliansinya dapat
          disajikan dalam bentuk tabel.
          Disclosure of information on the use of AP and KAP services and their networks/associations/allies can
          be presented in tabular form.
      21. nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP.
                                                                                                                                  284-285
          name and address of capital market supporting institutions and/or professions other than AP and KAP.
F.    Analisis dan Pembahasan Manajemen
                                                                                                                                   294-416
      Management Discussion and Analysis
      Analisis dan pembahasan manajemen memuat analisis dan pembahasan mengenai laporan keuangan dan
      informasi penting lainnya dengan penekanan pada perubahan material yang terjadi dalam tahun buku,
      yaitu paling sedikit memuat:
      Management Discussion and Analysis shall include analysis and discussion of the financial statements and
      other important information with an emphasis on material changes that occurred during the fiscal year, to
      at least have:
      1. tinjauan operasi per segmen usaha sesuai dengan jenis industri Emiten atau Perusahaan Publik, paling
           sedikit mengenai:
                                                                                                                                  295-330
           a review of operations per operating segment based on the Issuer or Public Company’s type of
           industry, to name a few:
           a. produksi, yang meliputi proses, kapasitas, dan perkembangannya;
               production, including the process, capacity, and its development;
           b. pendapatan/penjualan; dan
               revenue / sales; and
           c. profitabilitas;
               profitability;
      2. kinerja keuangan komprehensif yang mencakup perbandingan kinerja keuangan dalam 2 (dua) tahun
         buku terakhir, penjelasan tentang penyebab adanya perubahan dan dampak perubahan tersebut,
         paling sedikit mengenai:
         comprehensive financial performance including a comparison of financial performance in the last 2
         (two) years, an explanation of the cause of any changes and the impact of such changes, to name a
         few:
         a. aset lancar, aset tidak lancar, dan total aset;
             current assets, non-current assets, and total assets;
         b. liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas;
                                                                                                                                   331-368
             short-term liabilities, long-term liabilities, and total liabilities;
         c. ekuitas;
             equity;
         d. pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba (rugi)
             komprehensif; dan
             revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive
             profit (loss); and
         e. arus kas;
             cash flow;




                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 807
Page 808
                                                                Uraian                                                     Halaman
      No.
                                                              Description                                                   Page

            3. kemampuan membayar utang atau kewajiban dengan menyajikan perhitungan rasio yang relevan;
                                                                                                                           369-372
               ability to pay the debt by presenting the relevant ratios;
            4. tingkat kolektibilitas piutang Emiten atau Perusahaan Publik dengan menyajikan perhitungan rasio
               yang relevan;
                                                                                                                             372
               the collectibility level of the Issuer’s or Public Company’s receivables by presenting the relevant ratio
               calculations;
            5. struktur modal (capital structure) dan kebijakan manajemen atas struktur modal (capital structure)
               tersebut disertai dasar penentuan kebijakan dimaksud;
                                                                                                                           372-373
               capital structure and management policies on capital structure accompanied by the basis for
               determining the policy;
            6. bahasan mengenai ikatan yang material untuk investasi barang modal dengan penjelasan paling
               sedikit memuat:
               discussion on material commitments for capital investments with explanations, to name a few:
               a. tujuan dari ikatan tersebut;
                   the purpose of such commitments;
               b. sumber dana yang diharapkan untuk memenuhi ikatan tersebut;
                   sources of funds to meet such commitments;                                                              373-374
               c. mata uang yang menjadi denominasi; dan
                   currency-denominated; and
               d. langkah yang direncanakan Emiten atau Perusahaan Publik untuk melindungi risiko dari posisi
                   mata uang asing yang terkait;
                   planned measures by the Issuer or Public Company to cover the risks of foreign currency
                   positions;
            7.   bahasan mengenai investasi barang modal yang direalisasikan dalam tahun buku terakhir, paling
                 sedikit memuat:
                 discussion regarding capital goods investments realized in the last fiscal year, to name a few:
                 a. jenis investasi barang modal;
                     type of capital goods investments;                                                                    373-374
                 b. tujuan investasi barang modal; dan
                     capital goods investment objectives; and
                 c. nilai investasi barang modal yang dikeluarkan;
                     value of capital goods investments realized;
            8. informasi dan fakta material yang terjadi setelah tanggal laporan akuntan ( jika ada);
                                                                                                                             376
               material information and facts occurring after the date of the auditor’s report (if any);
            9. prospek usaha dari Emiten atau Perusahaan Publik dikaitkan dengan kondisi industri, ekonomi secara
               umum dan pasar internasional disertai data pendukung kuantitatif dari sumber data yang layak
               dipercaya;
                                                                                                                             377
               business prospects of the Issuer or Public Company based on the condition of the industry, the
               general economy, and the international markets supporting quantitative data from trusted data
               sources;
            10. perbandingan antara target/proyeksi pada awal tahun buku dengan hasil yang dicapai (realisasi),
                mengenai:
                comparison between the targets/projections at the beginning of the year with the results achieved
                (realized), including:
                a. pendapatan/penjualan;
                    revenue / sales;
                                                                                                                           374-375
                b. laba (rugi);
                    profit (loss);
                c. struktur modal (capital structure); atau
                    capital structure; or
                d. hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik;
                    other matters that are considered important for the Issuer or Public Company;




808    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 809
                                                                                                               Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                               Reference of POJK, SEOJK and ARA Criteria




                                                           Uraian                                                                     Halaman
No.
                                                         Description                                                                      Page

      11. target/proyeksi yang ingin dicapai Emiten atau Perusahaan Publik untuk 1 (satu) tahun mendatang,
          mengenai:
          targets/projections to be achieved by the Issuer or Public Company for one (1) year ahead, including:
          a. pendapatan/penjualan;
              revenues / sales;
          b. laba (rugi);
              profit (loss)                                                                                                               375
          c. struktur modal (capital structure);
              capital structure;
          d. kebijakan dividen; atau
              dividend policy; or
          e. hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik;
              other matters that are considered important for the Issuer or Public Company;
      12. aspek pemasaran atas barang dan/atau jasa Emiten atau Perusahaan Publik, paling sedikit mengenai
          strategi pemasaran dan pangsa pasar;
                                                                                                                                      377-380
          The Issuer or Public Company’s marketing of goods and/or services, at least including the marketing
          strategy and market share;
      13. uraian mengenai dividen selama 2 (dua) tahun buku terakhir, paling sedikit:
          description of dividends for the last 2 (two) fiscal years, at least:
          a. kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan
               terhadap laba bersih;
               dividend policy, which includes information on the percentage of dividends distributed to net
               income;
          b. tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non kas;
               date of payment of cash dividends and/or date of distribution of non-cash dividends;
          c. jumlah dividen per saham (kas dan/atau non kas); dan                                                                      381-382
               the amount of dividends per share (cash and/or non-cash); and
          d. jumlah dividen per tahun yang dibayar;
               the amount of dividends paid annually;
          Pengungkapan informasi dapat disajikan dalam bentuk tabel. Dalam hal Emiten atau Perusahaan
          Publik tidak membagikan dividen dalam 2 (dua) tahun terakhir, maka diungkapkan mengenai hal
          tersebut.
          Disclosure of information can be presented in tabular form. If the Issuer or Public Company does not
          distribute dividends in the last 2 (two) years, this matter shall be disclosed.
      14. realisasi penggunaan dana hasil penawaran umum, dengan ketentuan:
          realization of the use of proceeds from the public offering, provided that:
          a. dalam hal selama tahun buku, Emiten memiliki kewajiban menyampaikan laporan realisasi
               penggunaan dana, maka diungkapkan realisasi penggunaan dana hasil penawaran umum secara
               kumulatif sampai dengan akhir tahun buku; dan
               if, during the fiscal year, the Issuer must submit a report on the realization of the use of funds, then
               the realization of the cumulative use of the proceeds from the public offering shall be disclosed
                                                                                                                                      385-386
               until the end of the fiscal year; and
          b. dalam hal terdapat perubahan penggunaan dana sebagaimana diatur dalam Peraturan Otoritas
               Jasa Keuangan mengenai laporan realisasi penggunaan dana hasil penawaran umum, maka
               Emiten menjelaskan perubahan tersebut;
               if there is a change in the use of funds as regulated in the Financial Services Authority Regulation
               regarding the report on the realization of the use of the proceeds from the public offering, the
               Issuer shall explain the change;




                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     809
Page 810
                                                                 Uraian                                                           Halaman
      No.
                                                                Description                                                        Page

            15. informasi material ( jika ada), antara lain mengenai investasi, ekspansi, divestasi, penggabungan/
                peleburan usaha, akuisisi, restrukturisasi utang/modal, transaksi material, transaksi afiliasi, dan
                transaksi benturan kepentingan, yang terjadi pada tahun buku, paling sedikit memuat:
                material information (if any), among others regarding investment, expansion, divestment, business
                merger/consolidation, acquisition, debt/capital restructuring, material transactions, affiliated
                transactions, and conflict of interest transactions, which occurred during the fiscal year, at least
                containing:
                a. tanggal, nilai, dan objek transaksi;
                    the date, value, and object of the transaction;
                b. nama pihak yang melakukan transaksi;
                    the name of the party conducting the transaction;
                c. sifat hubungan afiliasi ( jika ada);
                    the nature of the affiliation relationship (if any);
                d. penjelasan mengenai kewajaran transaksi;
                    explanation of the fairness of the transaction;
                e. pemenuhan ketentuan terkait; dan
                    compliance with related provisions; and
                f. dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana
                    dimaksuddalam huruf a) sampai dengan huruf e), Emiten atau Perusahaan Publik juga
                    mengungkapkan informasi:
                    if there is an affiliation relationship, in addition to disclosing the information as referred to in letter
                    a) to letter e), the Issuer or Public Company also discloses information:
                    i. pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk
                         memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                         umum antara lain dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length
                         principle); dan
                         a statement from the Board of Directors that the affiliate transaction has gone through
                         adequate procedures to ensure that the affiliate transaction is carried out following generally
                         accepted business practices, among others, by complying with the arms-length principle; and
                    ii. peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai untuk
                         memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                         umum antara lain dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length                     387-402
                         principle);
                         the role of the Board of Commissioners and the audit committee in carrying out adequate
                         procedures to ensure that affiliated transactions are carried out following generally accepted
                         business practices, among others, by complying with the arms-length principle;
                g. untuk transaksi afiliasi atau transaksi material yang merupakan kegiatan usaha yang dijalankan
                    dalam rangka menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau
                    berkelanjutan, ditambahkan penjelasan bahwa transaksi afiliasi atau transaksi material tersebut
                    merupakan kegiatan usaha yang dijalankan dalam rangka menghasilkan pendapatan usaha dan
                    dijalankan secara rutin, berulang, dan/atau berkelanjutan;
                    for affiliated or material transactions, which are business activities carried out to generate business
                    income and are carried out regularly, repeatedly, and/or continuously, an explanation is added
                    that the affiliated or material transactions are business activities carried out to generate operating
                    income. and run regularly, repeatedly, and/or continuously;
                    Dalam hal transaksi afiliasi atau transaksi material dimaksud telah diungkapkan dalam laporan
                    keuangan tahunan, ditambahkan informasi mengenai rujukan pengungkapan dalam laporan
                    keuangan tahunan tersebut.
                    If the affiliated or material transactions have been disclosed in the annual financial statements,
                    additional information regarding the disclosure reference in the annual financial statements is
                    added.
                h. untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan kepentingan yang merupakan
                    hasil pelaksanaan transaksi afiliasi dan/atau transaksi benturan kepentingan yang telah disetujui
                    pemegang saham independen, ditambahkan informasi mengenai tanggal pelaksanaan RUPS yang
                    menyetujui transaksi afiliasi dan/atau transaksi benturan kepentingan tersebut;
                    for disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
                    implementation of affiliated transactions and/or conflict of interest transactions that have been
                    approved by independent shareholders, additional information regarding the date of the GMS
                    which approved the affiliated transactions and/or conflict of interest transactions is added;
                i. dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi benturan kepentingan, maka
                    diungkapkan mengenai hal tersebut;
                    if there is no affiliated transaction and/or conflict of interest transaction; then this matter shall be
                    disclosed;

            16. perubahan ketentuan peraturan perundang-undangan yang berpengaruh signifikan terhadap Emiten
                atau Perusahaan Publik dan dampaknya terhadap laporan keuangan ( jika ada); dan
                                                                                                                                  404-407
                changes in regulations and legislation that significantly impact the Issuer or Public Company and the
                impact on the financial statements (if any); and
            17. perubahan kebijakan akuntansi, alasan dan dampaknya terhadap laporan keuangan ( jika ada).
                                                                                                                                  408-410
                changes in accounting policies, reasons, and impact on the financial statements (if any);



810    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 811
                                                                                                                   Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                                   Reference of POJK, SEOJK and ARA Criteria




                                                             Uraian                                                                       Halaman
No.
                                                            Description                                                                       Page

G.    Tata Kelola Emiten atau Perusahaan Publik
      Corporate Governance of Issuer or Public Company
      Tata kelola Emiten atau Perusahaan Publik paling sedikit memuat uraian singkat mengenai:
      The governance of the Issuer or Public Company shall, at the minimum, contain a brief description of:
      1. RUPS, paling sedikit memuat:
          GMS, at the minimum, contains:
          a.   Informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku meliputi:
               Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal
               year include:
               i.    keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang direalisasikan pada
                                                                                                                                          498-501
                     tahun buku; dan
                                                                                                                                          510-514
                     the GMS’ resolutions in the fiscal year and 1 (one) year before the fiscal year are realized in the
                                                                                                                                          516-520
                     fiscal year; and
               ii.   keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang belum
                                                                                                                                          498-501
                     direalisasikan beserta alasan belum direalisasikan;
                                                                                                                                          510-514
                     resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that has not been
                                                                                                                                          516-520
                     realized and the reasons for not realizing them;
          b. dalam hal Emiten atau Perusahaan Publik menggunakan pihak independen dalam pelaksanaan RUPS
             untuk melakukan perhitungan suara, maka diungkapkan mengenai hal tersebut;
                                                                                                                                          494-506
             if the Issuer or Public Company uses an independent party in the conduct of the GMS to calculate the
             votes, then this matter shall be disclosed;
      2. Direksi, paling sedikit memuat:
         The Board of Directors, at the minimum, contains:
          a.   tugas dan tanggung jawab masing-masing anggota Direksi;
               duties and responsibilities of each member of the Board of Directors;
               Informasi mengenai tugas dan tanggung jawab masing-masing anggota Direksi diuraikan dan
                                                                                                                                           561-567
               dapat disajikan dalam bentuk tabel.
               The duties and responsibilities of each member of the Board of Directors are described and can
               be presented in tabular form.
          b. pernyataan bahwa Direksi memiliki pedoman atau piagam (charter) Direksi;
                                                                                                                                              553
             a statement that the Board of Directors has guidelines or charter for the Board of Directors;
          c.   kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan Komisaris, dan
               tingkat kehadiran anggota Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS;
               policies and implementation of the Board of Directors’ meeting frequency, Board of Directors’
               meeting with the Board of Commissioners, and the Board of Directors member’s attendance level
               in the meeting including attendance at the GMS;
                                                                                                                                          587-594
               Informasi tingkat kehadiran anggota Direksi dalam rapat Direksi, rapat Direksi bersama Dewan
               Komisaris, atau RUPS dapat disajikan dalam bentuk tabel.
               Information on the Board of Directors member’s level of attendance at the meeting of the Board of
               Directors, the meeting of the Board of Directors with the Board of Commissioners, or the GMS can
               be presented in tabular form.
          d. pelatihan dan/atau peningkatan kompetensi anggota Direksi:
                                                                                                                                              568
             training and/or competency improvement of the Board of Directors members:
               i.    kebijakan pelatihan dan/atau peningkatan kompetensi anggota Direksi, termasuk program
                     orientasi bagi anggota Direksi yang baru diangkat ( jika ada); dan
                     training and/or improving the competence of members of the Board of Directors policy,                                    568
                     including an orientation program for newly appointed members of the Board of Directors (if
                     any); and
               ii.   pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Direksi dalam tahun buku
                     ( jika ada);
                                                                                                                                          198-202
                     training and/or competency improvement attended by members of the Board of Directors in
                     the fiscal year (if any);
          e. penilaian Direksi terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi pada tahun
             buku paling sedikit memuat:
             the Board of Directors’ assessment of the performance of the committees that support the
             implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
             i. prosedur penilaian kinerja; dan
                                                                                                                                         575-576
                 performance appraisal procedures; and
             ii. kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran
                 dalam rapat; dan
                 the criteria used, such as performance achievements during the fiscal year, competence and
                 attendance at meetings; and




                                                                                              Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                          811
Page 812
                                                                 Uraian                                                    Halaman
      No.
                                                                Description                                                 Page

                 f.    dalam hal Emiten atau Perusahaan Publik tidak memiliki komite yang mendukung pelaksanaan
                       tugas Direksi, maka diungkapkan mengenai hal tersebut.
                                                                                                                              -
                       if the Issuer or Public Company does not have a committee that supports the implementation of
                       the duties of the Board of Directors, this matter shall be disclosed.
            3. Dewan Komisaris, paling sedikit memuat:
               The Board of Commissioners, at the minimum, contains:
                 a.    tugas dan tanggung jawab Dewan Komisaris;
                                                                                                                           527-528
                       duties and responsibilities of the Board of Commissioners;
                 b. pernyataan bahwa Dewan Komisaris memiliki pedoman atau piagam (charter) Dewan Komisaris;
                    a statement that the Board of Commissioners has guidelines or charter for the Board of                   521
                    Commissioners;
                 c.    kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris, rapat Dewan Komisaris bersama
                       Direksi dan tingkat kehadiran anggota Dewan Komisaris dalam rapat tersebut termasuk kehadiran
                       dalam RUPS;
                       policies and implementation of the Board of Commissioners meeting frequency, meetings of the
                       Board of Commissioners with the Board of Directors and the level of attendance of members of        494-495
                       the Board of Commissioners in such meetings including attendance at the GMS;                          506
                       Informasi tingkat kehadiran anggota Dewan Komisaris dalam rapat Dewan Komisaris, rapat Dewan        586-587
                       Komisaris bersama Direksi, atau RUPS dapat disajikan dalam bentuk tabel.
                       Information on the Board of Commissioners members’ attendance level at the meeting of the
                       Board of Commissioners, the meeting of the Board of Commissioners with the Board of Directors,
                       or the GMS can be presented in tabular form.
                 d. pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris:
                                                                                                                            542
                    training and/or competency improvement of members of the Board of Commissioners:
                       i.    kebijakan pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris, termasuk
                             program orientasi bagi anggota Dewan Komisaris yang baru diangkat ( jika ada); dan
                             policy on training and/or improving the Board of Commissioners members’ competence,           541-542
                             including orientation programs for newly appointed members of the Board of Commissioners
                             (if any); and
                       ii.   pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Dewan Komisaris dalam
                             tahun buku ( jika ada);
                                                                                                                           195-198
                             training and/or competency improvement attended by members of the Board of
                             Commissioners in the fiscal year (if any);
                 e. penilaian kinerja Direksi dan Dewan Komisaris serta masing-masing anggota Direksi dan anggota
                    Dewan Komisaris, paling sedikit memuat:
                                                                                                                           578-585
                    performance appraisal of the Board of Directors and the Board of Commissioners as well as each
                    member of the Board of Directors and the Board of Commissioners, at the minimum containing:

                       i.    prosedur pelaksanaan penilaian kinerja;
                                                                                                                           579-584
                             procedures for implementing performance appraisals;

                       ii.   kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran
                             dalam rapat; dan
                                                                                                                           579-585
                             the criteria used such as performance achievements during the fiscal year, competence and
                             attendance at meetings; and
                       iii. pihak yang melakukan penilaian; dan
                                                                                                                           579-585
                            the party conducting the assessment; and
                 f.    penilaian Dewan Komisaris terhadap kinerja Komite yang mendukung pelaksanaan tugas Dewan
                       Komisaris pada tahun buku meliputi:
                                                                                                                             547
                       the Board of Commissioners’ assessment of the performance of the Committees that support the
                       implementation of the duties of the Board of Commissioners in the fiscal year includes:
                       i.    prosedur penilaian kinerja; dan
                                                                                                                             547
                             performance appraisal procedures; and
                       ii.   kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran
                             dalam rapat;
                                                                                                                             547
                             the criteria used such as performance achievements during the fiscal year, competence, and
                             attendance at meetings;




812    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 813
                                                                                                           Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                           Reference of POJK, SEOJK and ARA Criteria




                                                        Uraian                                                                    Halaman
No.
                                                       Description                                                                    Page

      4. Nominasi dan remunerasi Direksi dan Dewan Komisaris, paling sedikit memuat:
         The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at
         least contain:
         a.   prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi anggota
              Direksi dan/atau anggota Dewan Komisaris; dan
                                                                                                                                      595
              nomination procedure, including a brief description of the policies and members nomination
              process of the Board of Directors and/or the Board of Commissioners; and
         b. prosedur dan pelaksanaan remunerasi Direksi dan Dewan Komisaris, antara lain:
            procedures and implementation of remuneration for the Board of Directors and the Board of
            Commissioners, among others:
              i.    prosedur penetapan remunerasi Direksi dan Dewan Komisaris;
                    procedures for determining remuneration for the Board of Directors and the Board of                               595
                    Commissioners;
              ii.   struktur remunerasi Direksi dan Dewan Komisaris seperti, gaji, tunjangan, tantiem/bonus dan
                    lainnya; dan
                                                                                                                                      597
                    the remuneration structure of the Board of Directors and the Board of Commissioners such as
                    salary, allowances, tantiem/bonus, and others; and
              iii. besarnya remunerasi masing-masing anggota Direksi dan anggota Dewan Komisaris;
                   Pengungkapan informasi dapat disajikan dalam bentuk tabel.
                                                                                                                                  598-600
                   the amount of remuneration for each member of the Board of Directors and member of the
                   Board of Commissioners; Disclosure of information can be presented in tabular form.
      5. Dewan pengawas syariah, bagi Emiten atau Perusahaan Publik yang menjalankan kegiatan usaha
         berdasarkan prinsip syariah sebagaimana tertuang dalam anggaran dasar, paling sedikit memuat:
         The Sharia Supervisory Board, the Issuer or Public Company that runs the business activities based on
         Islamic principles as stated in the articles of association shall, at the minimum, include:
         a. nama;
             names;
         b. dasar hukum pengangkatan dewan pengawas syariah;
             the legal basis for the appointment of the sharia supervisory board;
                                                                                                                                         -
         c. periode penugasan dewan pengawas syariah;
             the period of assignment of the sharia supervisory board;
         d. tugas dan tanggung jawab dewan pengawas syariah; dan
             duties and responsibilities of the Shariah Supervisory Board; and
         e. frekuensi dan cara pemberian nasihat dan saran serta pengawasan pemenuhan prinsip syariah di
             pasar modal terhadap Emiten atau Perusahaan Publik;
             frequency and mode of administration advice and suggestions as well as monitoring compliance
             with Sharia Principles in the Capital Market of the Issuer or Public Company;
      6. Komite audit, paling sedikit memuat:
                                                                                                                                  608-626
         The Audit Committee, including, at the minimum:
         a.   nama dan jabatannya dalam keanggotaan komite;
                                                                                                                                    141-143
              names and positions of the committee members;
         b. usia;
                                                                                                                                    141-143
            age;
         c.   kewarganegaraan;
                                                                                                                                    141-143
              nationality;
         d. riwayat pendidikan;
                                                                                                                                    141-143
            education history;
         e. riwayat jabatan, meliputi informasi:
            position history, including:
              i.    dasar hukum penunjukan sebagai anggota komite;                                                                 141-143
                    legal basis for appointment as a committee member;                                                               612
              ii.   rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya ( jika ada); dan
                    concurrent positions as members of the Board of Commissioners, members of the Board of                         141-143
                    Directors and/or members of committees as well as other positions (if any); and

              iii. pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                   Perusahaan Publik;                                                                                              141-143
                   work experience both inside and outside the Issuer or Public Company;




                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  813
Page 814
                                                                     Uraian                                                Halaman
      No.
                                                                  Description                                               Page

                 f.    periode dan masa jabatan anggota komite audit;
                                                                                                                             612
                       period and tenure of Audit Committee members;
                 g. pernyataan independensi komite audit;
                                                                                                                           612-613
                    statement of Audit Committee independence;
                 h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada);
                                                                                                                           616-202
                    training and/or competency improvement that has been followed in the fiscal year (if any);
                 i.    kebijakan dan pelaksanaan frekuensi rapat komite audit dan tingkat kehadiran anggota komite
                       audit dalam rapat tersebut; dan
                                                                                                                           615-616
                       policy and implementation of Audit Committee meeting frequency and level of attendance of Audit
                       Committee members at the meetings;
                 j.    pelaksanaan kegiatan komite audit pada tahun buku sesuai dengan yang dicantumkan dalam
                       pedoman atau piagam (charter) komite audit;
                                                                                                                           617-621
                       implementation of Audit Committee activities in the fiscal year in the Audit Committee guidelines
                       or charter;
            7.   komite atau fungsi nominasi dan remunerasi Emiten atau Perusahaan Publik, paling sedikit memuat:
                 the nomination and remuneration committee or function of the Issuer or Public Company, at the             626-643
                 minimum, containing:
                 a.    nama dan jabatannya dalam keanggotaan komite;
                                                                                                                           144-145
                       names and positions of the committee members;
                 b. usia;
                                                                                                                           144-145
                    age;
                 c.    kewarganegaraan;
                                                                                                                           144-145
                       nationality;
                 d. riwayat pendidikan;
                                                                                                                           144-145
                    education history;
                 e. riwayat jabatan, meliputi informasi:
                    position history, including:
                       i.    dasar hukum penunjukan sebagai anggota komite;                                                144-145
                             legal basis for appointment as a committee member;                                              630
                       ii.   rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                             komite serta jabatan lainnya ( jika ada); dan
                                                                                                                           144-145
                             concurrent positions as members of the Board of Commissioners, members of the Board of
                             Directors and/or members of committees as well as other positions (if any); and
                       iii. pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                            Perusahaan Publik;                                                                             144-145
                            work experience both inside and outside the Issuer or Public Company;
                 f.    periode dan masa jabatan anggota komite;
                                                                                                                            630
                       period and tenure of committee members;
                 g. pernyataan independensi komite;
                                                                                                                             631
                    statement of committee independence;
                 h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada);
                                                                                                                           636-203
                    training and/or competency improvement that has been followed in the financial year (if any);
                 i.    uraian tugas dan tanggung jawab;
                                                                                                                           631-633
                       description of duties and responsibilities;
                 j.    pernyataan bahwa telah memiliki pedoman atau piagam (charter);
                                                                                                                            628
                       statement that it has established committee guidelines or charter;
                 k.    kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut;
                       policy and implementation of committee meeting frequency and level of attendance of committee       634-636
                       members at the meetings;
                 l.    uraian singkat pelaksanaan kegiatan pada tahun buku; dan
                                                                                                                           636-638
                       a brief description of the committee’s activities in the fiscal year;
                 m. dalam hal tidak dibentuk komite nominasi dan remunerasi, Emiten atau Perusahaan Publik cukup
                    mengungkapkan informasi sebagaimana dimaksud dalam huruf i) sampai dengan huruf l) dan
                    mengungkapkan:
                    if no nomination and remuneration committee is formed, the Issuer or Public Company is to
                    disclose the information as referred to in letter i) to letter l) and disclose:
                       i.    alasan tidak dibentuknya komite; dan
                             reasons for not forming the committee; and




814    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 815
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




                                                            Uraian                                                                 Halaman
No.
                                                         Description                                                                   Page

              ii.   pihak yang melaksanakan fungsi nominasi dan remunerasi;
                    the party carrying out the nomination and remuneration function;
      8. komite lain yang dimiliki Emiten atau Perusahaan Publik dalam rangka mendukung fungsi dan tugas
         Direksi ( jika ada) dan/atau komite yang mendukung fungsi dan tugas Dewan Komisaris, paling sedikit
         memuat:
                                                                                                                                   643-658
         other committees owned by Issuers or Public Companies to support the functions and duties of the
         Board of Directors (if any) and/or committees that support the functions and responsibilities of the
         Board of Commissioners, at the minimum, containing:
         a.   nama dan jabatannya dalam keanggotaan komite;
                                                                                                                                    146-148
              name and position in committee membership;
         b. usia;
                                                                                                                                    146-148
            age;
         c.   kewarganegaraan;
                                                                                                                                    146-148
              nationality;
         d. riwayat pendidikan;
                                                                                                                                    146-148
            educational history;
         e. riwayat jabatan, meliputi informasi:
            position history, including information on:
              i.    dasar hukum penunjukan sebagai anggota komite;                                                                  146-148
                    legal basis for appointment as a committee member;                                                                646
              ii.   rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya ( jika ada); dan
                                                                                                                                   146-148
                    concurrent positions, either as a member of the Board of Commissioners, member of the
                    Board of Directors, and/or committee member and other positions (if any); and
              iii. pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                   Perusahaan Publik;                                                                                               146-148
                   work experience and period both inside and outside the Issuer or Public Company;
         f.   periode dan masa jabatan anggota komite;
                                                                                                                                       646
              the period and term of office of the committee members;
         g. pernyataan independensi komite;
                                                                                                                                   647-648
            statement of committee independence;
         h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada); dan                           652
            training and/or competency improvement that has been followed in the fiscal year (if any); and                         203-204
         i.   uraian tugas dan tanggung jawab;
                                                                                                                                   648-650
              description of duties and responsibilities;
         j.   pernyataan bahwa telah memiliki pedoman atau piagam (charter) komite;
                                                                                                                                   644-645
              a statement that the committee has had guidelines or charters;
         k.   kebijakan dan pelaksanaan frekuensi rapat komite dan tingkat kehadiran anggota komite dalam
              rapat tersebut; dan
                                                                                                                                   651-652
              policies and implementation of the frequency of committee meetings and the level of attendance
              of committee members in those meetings; and
         l.   uraian singkat pelaksanaan kegiatan komite pada tahun buku;
                                                                                                                                   652-654
              a brief description of the committee’s activities for the fiscal year;
      9. Sekretaris perusahaan, paling sedikit memuat:
                                                                                                                                   678-688
         Corporate Secretary, including, at the minimum:
         a.   nama;
                                                                                                                                       149
              name;
         b. domisili;
                                                                                                                                       149
            domicile;
         c.   riwayat jabatan, meliputi:
              position history, including:
              i.    dasar hukum penunjukan sebagai sekretaris perusahaan; dan
                                                                                                                                       149
                    legal basis for appointment as Corporate Secretary; and
              ii.   pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                    Perusahaan Publik;                                                                                                 149
                    work experience both inside and outside the Issuer or Public Company;




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   815
Page 816
                                                                     Uraian                                              Halaman
      No.
                                                                   Description                                            Page

                 d. riwayat pendidikan;
                                                                                                                           149
                    education history;
                 e. pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku; dan
                                                                                                                         684-205
                    training and/or competence improvement followed during the fiscal year; and
                 f.    uraian singkat pelaksanaan tugas sekretaris perusahaan pada tahun buku;
                                                                                                                         682-684
                       a brief description of the Corporate Secretary activities in the fiscal year;
            10. Unit audit internal, paling sedikit memuat:
                                                                                                                         688-702
                Internal Audit Unit, including, at the minimum:
                 a.    nama kepala unit audit internal;
                                                                                                                         150-689
                       name of the Internal Audit Unit head;
                 b. riwayat jabatan, meliputi:
                    position history, including:
                       i.    dasar hukum penunjukan sebagai kepala unit audit internal; dan
                                                                                                                           150
                             the legal basis for the appointment as Internal Audit Unit head; and
                       ii.   pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau
                             Perusahaan Publik;                                                                            150
                             work experience with its period both inside and outside of the Issuer or Public Company;
                 c.    kualifikasi atau sertifikasi sebagai profesi audit internal ( jika ada);
                                                                                                                         693-694
                       professional internal audit qualifications or certifications (if any);
                 d. pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku;                               694
                    training and/or competency improvement to be followed during the fiscal year;                        218-224
                 e. struktur dan kedudukan unit audit internal;
                                                                                                                         692-693
                    structure and positions within the Internal Audit Unit;
                 f.    uraian tugas dan tanggung jawab;
                                                                                                                         689-691
                       duties and responsibilities description;
                 g. pernyataan bahwa telah memiliki pedoman atau piagam (charter) unit audit internal; dan
                                                                                                                         688-689
                    statement that it has established Internal Audit Unit guidelines or charter; and
                 h. uraian singkat pelaksanaan tugas unit audit internal pada tahun buku termasuk kebijakan dan
                    pelaksanaan frekuensi rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit;
                    a brief description of the implementation of the internal audit unit’s duties for the fiscal year,   694-701
                    including the policy and implementation of the frequency of meetings with the Board of Directors,
                    Board of Commissioners, and/or audit committee;
            11. uraian mengenai sistem pengendalian internal (internal control) yang diterapkan oleh Emiten atau
                Perusahaan Publik, paling sedikit memuat:
                                                                                                                         747-750
                description of the internal control system applied by the Issuer or Public Company, at the minimum,
                including:
                 a.    pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-
                       undangan lainnya;                                                                                 747-750
                       financial and operational control and compliance with other laws and regulations; and
                 b. tinjauan atas efektivitas sistem pengendalian internal; dan
                                                                                                                           750
                    review of the internal control system effectiveness;
                 c.    pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal;
                       statement of the Board of Directors and/or Board of Commissioners on the adequacy of the            750
                       internal control system;
            12. sistem manajemen risiko yang diterapkan oleh Emiten atau Perusahaan Publik, paling sedikit memuat:
                description of the risk management system applied by the Issuer or Public Company, at the minimum,       705-746
                including:
                 a.    gambaran umum mengenai sistem manajemen risiko Emiten atau Perusahaan Publik;
                                                                                                                         707-709
                       a general description of the Issuer or Public Company risk management system;
                 b. jenis risiko dan cara pengelolaannya;
                                                                                                                         717-739
                    risks types and their management; and
                 c.    tinjauan atas efektivitas sistem manajemen risiko Emiten atau Perusahaan Publik; dan
                                                                                                                           740
                       review of the Issuer or Public Company risk management system effectiveness;
                 d. pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem
                    manajemen risiko;
                                                                                                                         745-746
                    statement of the Board of Directors and/or Board of Commissioners on the adequacy of the risk
                    management system;




816    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 817
                                                                                                          Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                          Reference of POJK, SEOJK and ARA Criteria




                                                       Uraian                                                                    Halaman
No.
                                                      Description                                                                    Page

      13. perkara hukum yang berdampak material yang dihadapi oleh Emiten atau Perusahaan Publik, entitas
          anak, anggota Direksi dan anggota Dewan Komisaris ( jika ada), paling sedikit memuat:
          legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members                         751
          of the Board of Directors, and members of the Board of Commissioners (if any), at the minimum,
          contain:
          a.   pokok perkara/gugatan;
                                                                                                                                  751-756
               case / litigation description;
          b. status penyelesaian perkara/gugatan; dan
                                                                                                                                  751-756
             case / litigation settlement status; and
          c.   pengaruhnya terhadap kondisi Emiten atau Perusahaan Publik;
                                                                                                                                  751-756
               impact on the Issuer or Public Company condition;
      14. informasi tentang sanksi administratif/sanksi yang dikenakan kepada Emiten atau Perusahaan Publik,
          anggota Dewan Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada
          tahun buku ( jika ada);
                                                                                                                                     755
          information on administrative sanctions/sanctions imposed on Issuers or Public Companies, members
          of the Board of Commissioners and members of the Board of Directors, by the Financial Services
          Authority and other authorities for the fiscal year (if any)
      15. informasi mengenai kode etik Emiten atau Perusahaan Publik meliputi:
                                                                                                                                 759-763
          information regarding the Issuer or Public Company code of ethics, including:
          a.   pokok-pokok kode etik;
                                                                                                                                 759-760
               code of ethics content;
          b. bentuk sosialisasi kode etik dan upaya penegakannya; dan
                                                                                                                                      761
             form of code of ethics socialization and enforcement efforts; and
          c.   pernyataan bahwa kode etik berlaku bagi anggota Direksi, anggota Dewan Komisaris, dan
               karyawan Emiten atau Perusahaan Publik;
                                                                                                                                  760-761
               statement that the code of ethics applies to members of the Board of Directors, Board of
               Commissioners, and employees of the Issuer or Public Company
      16. uraian singkat mengenai kebijakan pemberian kompensasi jangka panjang berbasis kinerja kepada
          manajemen dan/atau karyawan yang dimiliki oleh Emiten atau Perusahaan Publik ( jika ada), antara lain
          berupa program kepemilikan saham oleh manajemen (management stock ownership program/MSOP)
          dan/atau program kepemilikan saham oleh karyawan (employee stock ownership program/ESOP);                                   751
          a brief description of the policy of providing long-term performance-based compensation to
          management and/or employees owned by the Issuer or Public Company (if any), including the
          management stock ownership program (MSOP) and/or employee stock ownership program (ESOP);
          Dalam hal pemberian kompensasi berupa program kepemilikan saham oleh manajemen (management
          stock ownership program/MSOP) dan/atau program kepemilikan saham oleh karyawan (employee
          stock ownership program/ESOP), informasi yang diungkapkan paling sedikit memuat:                                           384
          In terms of providing compensation in the form of a management stock ownership program (MSOP)
          and/or an employee stock ownership program (ESOP), the information disclosed must at least contain:
          a.   jumlah saham dan/atau opsi;
                                                                                                                                     384
               number of shares and/or options;
          b. jangka waktu pelaksanaan;
                                                                                                                                     384
             implementation period;
          c.   persyaratan karyawan dan/atau manajemen yang berhak; dan
                                                                                                                                     384
               requirements for eligible employees and/or management; and
          d. harga pelaksanaan atau penentuan harga pelaksanaan;
                                                                                                                                     384
             exercise price or determination of exercise price;
      17. uraian singkat mengenai kebijakan pengungkapan informasi mengenai:
                                                                                                                                     757
          a brief description of the information disclosure policy regarding:
          a.   kepemilikan saham anggota Direksi dan anggota Dewan Komisaris paling lambat 3 (tiga) hari
               kerja setelah terjadinya kepemilikan atau setiap perubahan kepemilikan atas saham Perusahaan
               Terbuka; dan
                                                                                                                                 232-757
               share ownership of members of the Board of Directors and members of the Board of
               Commissioners no later than 3 (three) working days after the occurrence of ownership or any
               change in ownership of shares of a Public Company; and
          b. pelaksanaan atas kebijakan dimaksud;
                                                                                                                                 232-757
             implementation of the said policy;




                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 817
Page 818
                                                                 Uraian                                                    Halaman
      No.
                                                                Description                                                 Page

            18. uraian mengenai sistem pelaporan pelanggaran (whistleblowing system) di Emiten atau Perusahaan
                Publik, paling sedikit memuat:                                                                             779-784
                description of the whistleblowing system in the Issuer or a Public Company (if any), including:
                 a.    cara penyampaian laporan pelanggaran;
                                                                                                                             781
                       violation report submission;
                 b. perlindungan bagi pelapor;
                                                                                                                             782
                    protection for whistle-blowers;
                 c.    penanganan pengaduan;
                                                                                                                             782
                       complaint handling;
                 d. pihak yang mengelola pengaduan; dan
                                                                                                                             783
                    the party managing the complaint;
                 e. hasil dari penanganan pengaduan, paling sedikit:
                                                                                                                           783-784
                    complaint handling results, at the minimum:
                       i.    jumlah pengaduan yang masuk dan diproses dalam tahun buku; dan
                                                                                                                           783-784
                             number of complaints received and processed during the fiscal year; and
                       ii.  tindak lanjut pengaduan;
                            complaint follow up;
                       Dalam hal Emiten atau Perusahaan Publik tidak memiliki sistem pelaporan pelanggaran
                                                                                                                             784
                       (whistleblowing system), maka diungkapkan mengenai hal tersebut.
                       If the Issuer or Public Company does not have a whistleblowing system, this matter must be
                       disclosed.
            19. uraian mengenai kebijakan anti korupsi Emiten atau Perusahaan Publik, paling sedikit memuat:
                                                                                                                           763-766
                a description of the anti-corruption policy of the Issuer or Public Company, at the minimum containing:
                 a.    program dan prosedur yang dilakukan dalam mengatasi praktik korupsi, balas jasa (kickbacks),
                       fraud, suap dan/atau gratifikasi dalam Emiten atau Perusahaan Publik; dan
                                                                                                                           764-766
                       programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery,
                       and/or gratuities in Issuers or Public Companies; and
                 b. pelatihan/sosialisasi anti korupsi kepada karyawan Emiten atau Perusahaan Publik;
                      anti-corruption training/socialization to employees of Issuers or Public Companies;
                 Dalam hal Emiten atau Perusahaan Publik tidak memiliki kebijakan anti korupsi, maka dijelaskan alasan
                                                                                                                           763-764
                 tidak dimilikinya kebijakan dimaksud.
                 If the Issuer or Public Company does not have an anti-corruption policy, the reasons for not having the
                 said policy must be explained.
            20. penerapan atas pedoman tata kelola Perusahaan Terbuka bagi Emiten yang menerbitkan efek bersifat
                ekuitas atau Perusahaan Publik, meliputi:
                                                                                                                              -
                implementation of Code of Corporate Governance guidelines by the Issuer that issues equity
                securities or the Public Company, including:
                 a.    pernyataan mengenai rekomendasi yang telah dilaksanakan; dan/atau
                                                                                                                           464-467
                       statement regarding recommendations have been implemented; and/or
                 b. penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif
                     pelaksanaannya ( jika ada).
                     description of the recommendations that have not been implemented, the reasons, and the
                                                                                                                           464-467
                     implementation alternatives (if any);
                 Pengungkapan informasi dapat disajikan dalam bentuk tabel.
                 Disclosure of information can be presented in tabular form.




818    Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 819
                                                                                                             Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                             Reference of POJK, SEOJK and ARA Criteria




                                                         Uraian                                                                     Halaman
No.
                                                       Description                                                                      Page

H.    Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik (Lampiran SEOJK 16/2021)
                                                                                                                                    796-797
      Social and Environmental Responsibility of the Issuer or Public Company (SEOJK 16/2021 Attachment)
      Bagian Tanggung jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik disajikan dalam bentuk
      Laporan Keberlanjutan (Sustainability Reporting) yang merupakan bagian tidak terpisahkan dalam Laporan
      Tahunan ini.                                                                                                                  464-467
      The Social and Environmental Responsibility section of the Issuer or Public Company is presented in the
      form of a Sustainability Report, which is an integral part of this Annual Report.
I.    Laporan Keuangan Tahunan yang Telah Diaudit
      Audited Annual Financial Report
      Laporan keuangan tahunan yang dimuat dalam Laporan Tahunan disusun sesuai dengan standar
      akuntansi keuangan di Indonesia dan telah diaudit oleh akuntan publik yang terdaftar di Otoritas Jasa
      Keuangan. Laporan keuangan tahunan dimaksud memuat pernyataan mengenai pertanggungjawaban
      atas laporan keuangan sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan mengenai tanggung
      jawab Direksi atas laporan keuangan atau peraturan perundang-undangan di sektor pasar modal yang
      mengatur mengenai laporan berkala perusahaan efek dalam hal Emiten merupakan perusahaan efek.
      The annual financial statements contained in the Annual Report are prepared following financial
      accounting standards in Indonesia and have been audited by a public accountant registered with
      the Financial Services Authority. The said annual financial report contains a statement regarding the
      accountability for financial statements as regulated in the Financial Services Authority Regulation regarding
      the Board of Directors’ responsibility for financial reports or the laws and regulations in the capital market
      sector which regulate the periodic reports of securities companies if the Issuer is a securities company.
J.    Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas
      Laporan Tahunan.                                                                                                                84-85
      Board of Directors and Board of Commissioners’ Statement on Responsibility for The Annual Report
      Surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas Laporan
      Tahunan disusun sesuai dengan format Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris
      tentang Tanggung Jawab atas Laporan Tahunan
      Board of Directors and Board of Commissioners’ Affidavit on the responsibility for the Annual Report
      prepared following the format of the Board of Directors and Board of Commissioners’ Statement on
      Responsibility for the Annual Report.




                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                    819
Page 820
  Referensi Kriteria Annual Report Award (ARA)
  Annual Report Award (ARA) Criteria References

      Nomor                                                    Pertanyaan ARA                                               Halaman
      Number                                                    ARA Question                                                 Page

  ANNUAL REPORT
  A.1.1              Uraian Isi Laporan Tahunan
                                                                                                                            335-372
                     Description of Contents of the Annual Report
  A.1.1.1            Laporan Keuangan Tahunan yang Telah Diaudit
                     Audited Annual Financial Report
  A.1.1.2            Surat pernyataan anggota Direksi dan anggota Dewan Komisaris tentang tanggung jawab atas
                     Laporan Tahunan
                                                                                                                             84-85
                     Statement letter from members of the Board of Directors and members of the Board of
                     Commissioners regarding responsibility for the Annual Report
  A.1.2              Ikhtisar Data Keuangan Penting
                                                                                                                             20-23
                     Overview of Important Financial Data
  A.1.2.0            Informasi keuangan yang disajikan dalam bentuk perbandingan selama 3 (tiga) tahun buku
                     atau sejak memulai usahanya jika Perusahaan tersebut menjalankan kegiatan usahanya
                     kurang dari 3 (tiga) tahun
                                                                                                                             20-21
                     Financial information presented in comparative form for 3 (three) financial years or since
                     starting its business if the Company has carried out its business activities for less than 3 (three)
                     years
  A.1.2.1            Rasio laba (rugi) terhadap jumlah asset
                                                                                                                              21
                     Profit (loss) to total assets ratio
  A.1.2.2            Rasio laba (rugi) terhadap ekuitas
                                                                                                                              21
                     Profit (loss) to equity ratio
  A.1.2.3            Rasio laba (rugi) terhadap pendapatan/penjualan
                                                                                                                              21
                     Profit (loss) to revenue/sales ratio
  A.1.2.4            Rasio lancer
                                                                                                                              21
                     Current ratio
  A.1.2.5            Rasio liabilitas terhadap ekuitas
                                                                                                                              21
                     Liabilities to equity ratio
  A.1.2.6            Rasio liabilitas terhadap jumlah asset
                                                                                                                              21
                     Liabilities to total assets ratio
  A.1.2.7            Informasi dan rasio keuangan lainnya yang relevan dengan Perusahaan dan jenis industrinya
                                                                                                                              21
                     Other information and financial ratios relevant to the Company and its industry type
  A.1.3              Informasi Saham (Jika Ada)
                     Share Information (If Any)
  A.1.3.1            Saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk
                     perbandingan selama 2 (dua) tahun buku terakhir.
                                                                                                                              25
                     Shares issued for each quarter are presented in the form of comparison for the last 2 (two)
                     years.
  A.1.3.1.a          Jumlah saham yang beredar
                                                                                                                              25
                     Total outstanding shares
  A.1.3.1.b          Kapitalisasi pasar berdasarkan harga pada bursa efek tempat saham dicatatkan
                                                                                                                              25
                     Market capitalization based on the price on the Stock Exchange where the securities are listed
  A.1.3.1.c          Harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada bursa efek tempat
                     saham dicatatkan
                                                                                                                              25
                     The highest, lowest, and closing share price based on the Stock Exchange where the
                     securities are listed
  A.1.3.1.d          Volume perdagangan pada bursa efek tempat saham dicatatkan
                                                                                                                              25
                     The volume of trading on the Stock Exchange where the securities are listed
  A.1.3.2            Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya perubahan pada saham, seperti
                     pemecahan saham, penggabungan saham, dividen saham, saham bonus, perubahan nilai
                     nominal saham, penerbitan efek konversi, serta penambahan dan pengurangan modal
                                                                                                                             27-32
                     If of a corporate action that causes changes in shares, such as stock splits, reverse stock,
                     stock dividends, bonus shares, changes in the shares’ nominal value, conversion securities
                     issuance, as well as capital additions and deductions




820   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 821
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




   Nomor                                            Pertanyaan ARA                                                            Halaman
   Number                                             ARA Question                                                                Page

A.1.3.3     Dalam hal terjadi penghentian sementara perdagangan saham (suspension) dan/atau
            pembatalan pencatatan saham (delisting) dalam tahun buku, dijelaskan alasan penghentian
            sementara perdagangan saham (suspension) dan/atau pembatalan pencatatan saham
                                                                                                                                    33
            (delisting) tersebut
            If share trading temporary suspension (suspension) and/or shares delisting during the
            fiscal year, the shares’ suspension and/or delisting reasons shall be explained
A.1.3.4     Dalam hal penghentian sementara perdagangan saham (suspension) sebagaimana
            dimaksud pada angka 3) dan/atau proses pembatalan pencatatan saham (delisting) masih
            berlangsung hingga akhir periode Laporan Tahunan, dijelaskan tindakan yang dilakukan
            untuk menyelesaikan penghentian sementara perdagangan saham (suspension) dan/atau
            pembatalan pencatatan saham (delisting) tersebut                                                                        33
            If the share trading temporary suspension as referred to in number 3) and/or the delisting
            process is still ongoing until the end of the Annual Report period, the actions taken to resolve
            the temporary suspension of share trading and/ or cancellation of the share listing (delisting)
            shall be explained
A.1.4       Laporan Direksi
                                                                                                                                 70-80
            Board of Directors Report
A.1.4.1     Kinerja Perusahaan
                                                                                                                                 71-72
            The Company Performance
A.1.4.1.a   Strategi dan kebijakan strategis Perusahaan
                                                                                                                                 72-73
            The strategy and strategic policy of the Company
A.1.4.1.b   Peranan Direksi dalam perumusan strategi dan kebijakan strategis Perusahaan
                                                                                                                                    73
            The Board of Directors’ role in formulating strategies and strategic policies of the Company
A.1.4.1.c   Proses yang dilakukan Direksi untuk memastikan implementasi strategi
                                                                                                                                 73-74
            The process carried out by the Board of Directors to ensure the strategy implementation
A.1.4.1.d   Perbandingan antara hasil yang dicapai dengan yang ditargetkan Perusahaan
                                                                                                                                    74
            Comparison between the results achieved and those targeted by the Company
A.1.4.1.e   Kendala yang dihadapi
                                                                                                                                 75-77
            The constraints faced by the Company
A.1.4.2     Gambaran tentang prospek usaha Perusahaan
                                                                                                                                 77-78
            Business prospects overview of the Company
A.1.4.3     Penerapan governansi Perusahaan
                                                                                                                                 78-79
            Governance implementation of the Company
A.1.5       Laporan Dewan Komisaris
                                                                                                                                 58-67
            Board of Commissioner Report
A.1.5.1     Penilaian terhadap kinerja direksi mengenai pengelolaan Perusahaan, termasuk pengawasan
            Dewan Komisaris dalam perumusan dan implementasi strategi Perusahaan
            The Board of Directors’ performance evaluation regarding the Company’ management,                                    60-62
            including the supervision of the Board of Commissioners in the strategies formulation and
            implementation
A.1.5.2     Pandangan atas prospek usaha Perusahaan yang disusun oleh Direksi
                                                                                                                                   62
            View on the business prospects of the Company prepared by the Board of Directors
A.1.5.3     Pandangan atas penerapan governansi Perusahaan
                                                                                                                                 62-66
            View on the Company’s application of governance
A.1.6       Profil Perusahaan
                                                                                                                                88-291
            Profile of the Company
A.1.6.1     Akses terhadap Perusahaan termasuk kantor cabang atau kantor perwakilan yang
            memungkinkan masyarakat dapat memperoleh informasi mengenai Perusahaan
                                                                                                                                   88
            Access to Issuer or Public Company, including any branch offices or representative offices,
            which allows the public access to information on the Company
A.1.6.1.a   Alamat
                                                                                                                                   88
            Address
A.1.6.1.b   Nomor telepon
                                                                                                                                   88
            Telephone number
A.1.6.1.c   Alamat surat elektronik
                                                                                                                                   88
            Electronic mail address
A.1.6.1.d   Alamat situs web
                                                                                                                                   88
            Website address
A.1.6.2     Riwayat singkat Perusahaan
                                                                                                                                 89-90
            A brief history of the Company




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   821
Page 822
      Nomor                                                 Pertanyaan ARA                                               Halaman
      Number                                                   ARA Question                                               Page

  A.1.6.3           Visi dan misi Perusahaan serta budaya perusahaan (corporate culture) atau nilai-nilai
                    perusahaan                                                                                           104-109
                    The vision and mission of the Company as well as the corporate culture or corporate values
  A.1.6.4           Kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha yang dijalankan pada tahun
                    buku, serta jenis barang dan/atau jasa yang dihasilkan
                                                                                                                         110-120
                    Business activities according to the last articles of association, the business activities carried
                    out during the fiscal year, as well as the type of goods and/or services produced
  A.1.6.5           Wilayah operasional Perusahaan. wilayah operasional merupakan wilayah atau daerah
                    pelaksanaan kegiatan operasional atau jangkauan dari kegiatan operasional perusahaan
                                                                                                                          94-101
                    The operational area of the Company. The operational area is the area or area for the
                    implementation of operational activities or the range of the Company’s operating activities
  A.1.6.6           Struktur organisasi Perusahaan dalam bentuk bagan, paling sedikit sampai dengan struktur
                    1 (satu) tingkat di bawah Direksi termasuk komite di bawah Direksi ( jika ada) dan komite di
                    bawah Dewan Komisaris, disertai dengan nama dan jabatan
                    The organizational structure of the Company in the form of a chart, at the minimum,                  124-125
                    the structure of 1 (one) level below the Board of Directors including committees under the
                    Board of Directors (if any) and the Board of Commissioners, accompanied by names and
                    positions
  A.1.6.7           Daftar keanggotaan asosiasi industri baik dalam skala nasional maupun internasional yang
                    berkaitan dengan penerapan keuangan berkelanjutan
                                                                                                                           91
                    A list of industry association memberships both on a national and international scale related to
                    the implementation of sustainable finance
  A.1.6.8           Jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat pendidikan, dan status
                    ketenagakerjaan (tetap/kontrak) dalam tahun buku; Pengungkapan informasi dapat disajikan
                    dalam bentuk table
                                                                                                                         166-168
                    Number of employees by gender, position, age, education level, and employment status
                    (permanent/contracted) in the fiscal year; Disclosure of information can be presented in tabular
                    form.
  A.1.6.9           Informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan publik (KAP) beserta
                    jaringan/asosiasi/aliansinya meliputi:
                                                                                                                         284-285
                    Information on the use of the services of a public accountant (AP) and a public accounting firm
                    (KAP) and their networks/associations/allies include:
  A.1.6.9.a         Nama dan Alamat
                                                                                                                           284
                    Name and Address
  A.1.6.9.b         Periode Penugasan
                                                                                                                           285
                    Assignment Period
  A.1.6.9.c         Informasi Jasa Audit yang Diberikan
                                                                                                                         284-285
                    Information on Audit and/or Non Audit Services Provided
  A.1.6.9.d         Biaya jasa (fee) audit untuk masing-masing penugasan yang diberikan selama tahun buku
                                                                                                                           285
                    Audit and/or non-audit fee for each assignment given during the fiscal year
  A.1.6.9.e         Informasi jasa non audit yang diberikan
                                                                                                                         284-285
                    Information on non-audit services provided
  A.1.6.9.f         Biaya jasa (fee) non audit untuk masing-masing penugasan yang diberikan selama tahun buku
                                                                                                                           285
                    Audit and/or non-audit fee for each assignment given during the fiscal year
  A.1.6.9.g         Catatan: dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya, yang ditunjuk tidak
                    memberikan jasa non audit, maka diungkapkan mengenai informasi tersebut (atas poin
                    A.1.6.9.e & f)                                                                                       284-285
                    Note: If AP and KAP and their networks/associations/allies, which are appointed do not
                    provide nonaudit services, then the information is disclosed (at point A.1.6.9.e & f)
  A.1.6.10          Nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP
                    Name and address of capital market supporting institutions and/or professions other than AP          284-285
                    and KAP
  A.1.7             Profil Direksi
                                                                                                                         135-140
                    Profile of the Board of Directors
  A.1.7.1           Nama dan Jabatan yang sesuai dengan tugas dan tanggung jawab
                                                                                                                         135-140
                    The name and position per the duties and responsibilities
  A.1.7.2           Usia
                                                                                                                         135-140
                    Age
  A.1.7.3           Kewarganegaraan
                                                                                                                         135-140
                    Nationality
  A.1.7.4           Riwayat Pendidikan dan/atau Sertifikasi
                                                                                                                         135-140
                    Educational and/or Certification History




822   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 823
                                                                                                           Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                           Reference of POJK, SEOJK and ARA Criteria




   Nomor                                            Pertanyaan ARA                                                           Halaman
   Number                                                 ARA Question                                                           Page

A.1.7.5     Riwayat Jabatan, meliputi informasi
                                                                                                                              135-140
            Position History, including information on
A.1.7.5.a   Dasar hukum pengangkatan sebagai anggota Direksi pada Perusahaan yang bersangkutan
            The legal basis for appointment as a member of the Board of Directors of the Company                              135-140
            concerned
A.1.7.5.b   Rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota
            komite serta jabatan lainnya baik di dalam maupun di luar Perusahaan.
            Concurrent positions, either as a member of the Board of Directors, member of the Board of                        135-140
            Commissioners, and/or committee member, and other positions inside and outside the
            Company.
A.1.7.5.c   Catatan: Dalam hal anggota Direksi tidak memiliki rangkap jabatan, maka diungkapkan
            mengenai hal tersebut (atas poin A.1.7.5.b)
                                                                                                                              135-140
            Note: If a member of the Board of Directors does not have concurrent positions, this will be
            disclosed (at point A.1.7.5.b)
A.1.7.5.d   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                              135-140
            Period of work experience both inside and outside the Company
A.1.7.6     Hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan Komisaris, pemegang
            saham utama, dan pengendali baik langsung maupun tidak langsung sampai kepada pemilik
            individu, meliputi nama pihak yang terafiliasi.
                                                                                                                              135-140
            Affiliation with other members of the Board of Directors, members of the Board of
            Commissioners, major shareholders, and controllers either directly or indirectly to individual
            owners, including vthe names of affiliated parties.
A.1.7.7     Catatan: Dalam hal anggota Direksi tidak memiliki hubungan afiliasi, maka Perusahaan
            mengungkapkan hal tersebut (atas poin A.1.7.6)
                                                                                                                              135-140
            Note: If a member of the Board of Directors does not have an affiliate relationship, the
            Company shall disclose this (at point A.1.7.6)
A.1.7.8     Perubahan komposisi anggota Direksi dan alasan perubahannya.
            Dalam hal perubahan komposisi anggota Direksi terjadi setelah tahun buku berakhir sampai
            dengan batas waktu penyampaian Laporan Tahunan, susunan yang dicantumkan dalam
            Laporan Tahunan adalah susunan anggota Direksi yang terakhir dan sebelumnya
            Changes in the composition of members of the Board of Directors and reasons for the                               126-127
            changes. If a change in the composition of members of the Board of Directors occurs after the
            financial year ends until the deadline for submitting the Annual Report, the composition listed
            in the Annual Report is the composition of the latest and previous members of the Board of
            Director
A.1.7.9     Dalam hal tidak terdapat perubahan komposisi anggota Direksi, maka diungkapkan mengenai
            hal tersebut (atas poin A.1.7.8).
                                                                                                                                  127
            If there is no change in the composition of the members of the Board of Directors, this matter
            shall be disclosed; (at point A.1.7.8).
A.1.8       Profil Dewan Komisaris
                                                                                                                              128-134
            Profile of the Board of Commissioners
A.1.8.1     Nama dan Jabatan
                                                                                                                              128-134
            Name and Position
A.1.8.2     Usia
                                                                                                                              128-134
            Age
A.1.8.3     Kewarganegaraan
                                                                                                                              128-134
            Nationality
A.1.8.4     Riwayat Pendidikan dan/atau Sertifikasi
                                                                                                                              128-134
            Educational and/or Certification History
A.1.8.5     Riwayat Jabatan, meliputi informasi:
                                                                                                                              128-134
            Position history, including information on:
A.1.8.5.a   Dasar hukum pengangkatan sebagai anggota Dewan Komisaris
                                                                                                                              128-134
            The legal basis for appointment as a member of the Board of Commissioners
A.1.8.5.b   Dasar hukum pengangkatan pertama kali sebagai anggota Dewan Komisaris yang merupakan
            komisaris independen pada Perusahaan yang bersangkutan
                                                                                                                              128-134
            The legal basis for the first appointment as a member of the Board of Commissioners who is
            an independent commissioner of the Issuer or Public Company concerned
A.1.8.5.c   Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
            komite serta jabatan lainnya baik di dalam maupun di luar Perusahaan
            Concurrent positions, either as a member of the Board of Commissioners, member of the                             128-134
            Board of Directors, and/or committee member, and other positions inside and outside the
            Company




                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 823
Page 824
      Nomor                                                 Pertanyaan ARA                                            Halaman
      Number                                                  ARA Question                                             Page

  A.1.8.5.c1        Catatan: Dalam hal anggota Dewan Komisaris tidak memiliki rangkap jabatan, maka
                    diungkapkan mengenai hal tersebut (atas poin A.1.8.5.c1).
                                                                                                                      128-134
                    Note: If a member of the Board of Commissioners does not have concurrent positions, then
                    this is disclosed (at point A.1.8.5.c1)
  A.1.8.5.d         Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                      128-134
                    Period of work experience both inside and outside the Company
  A.1.8.6.a         Hubungan afiliasi dengan anggota Dewan Komisaris lainnya, pemegang saham utama, dan
                    pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi
                    nama pihak yang terafiliasi
                                                                                                                      128-134
                    Affiliation with other members of the Board of Commissioners, major shareholders, and
                    controllers
                    either directly or indirectly to individual owners, including the names of affiliated parties
  A.1.8.6.b         Dalam hal anggota Dewan Komisaris tidak memiliki hubungan afiliasi, maka Perusahaan
                    mengungkapkan hal tersebut (atas poin A.1.8.6.a).
                                                                                                                      128-134
                    If the member has no affiliation relationship, the Company shall disclose this matter (at point
                    A.1.8.6.a).
  A.1.8.7           Pernyataan independensi komisaris independen dalam hal komisaris independen telah
                    menjabat lebih dari 2 (dua) periode
                                                                                                                        126
                    Statement of independence of the independent commissioner if the independent
                    commissioner has served more than 2 (two) terms
  A.1.8.8.a         Perubahan komposisi anggota Dewan Komisaris dan alasan perubahannya.
                    Dalam hal perubahan komposisi anggota Dewan Komisaris terjadi setelah tahun buku berakhir
                    sampai dengan batas waktu penyampaian Laporan Tahunan, susunan yang dicantumkan
                    dalam Laporan Tahunan adalah susunan anggota Dewan Komisaris yang terakhir dan
                    sebelumnya
                                                                                                                      126-127
                    Changes in the composition of members of the Board of Commissioners and reasons for the
                    changes. If that a change in the composition of the members of the Board of Commissioners
                    occurs after the financial year ends until the deadline for submitting the Annual Report, the
                    composition included in the Annual Report is the composition of the latest and previous
                    members of the Board of Commissioners
  A.1.8.8.b         Dalam hal tidak terdapat perubahan komposisi anggota Dewan Komisaris, maka diungkapkan
                    mengenai hal tersebut (atas poin A.1.8.8.a)
                                                                                                                        127
                    If there is no change in the composition of the members of the Board of Commissioners, this
                    will be disclosed (at point A.1.8.8.a)
  A.1.9             Informasi Pemegang Saham
                    Shareholder Information
  A.1.9.1           Nama pemegang saham dan persentase kepemilikan pada awal dan akhir tahun buku, yang
                    terdiri dari informasi mengenai:
                                                                                                                      228-229
                    Shareholders names and ownership percentage at the beginning and end of the fiscal year,
                    which consists of information regarding:
  A.1.9.1.a         Pemegang saham yang memiliki 5% (lima persen) atau lebih saham Perusahaan
                                                                                                                       230
                    Shareholders who own 5% (five percent) or more shares of the Public Company
  A.1.9.1.b1        Anggota Direksi dan anggota Dewan Komisaris yang memiliki saham Perusahaan.
                    Members of the Board of Directors and members of the Board of Commissioners who own                 232
                    shares in the Company.
  A.1.9.1.b2        Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris TIDAK memiliki
                    saham, maka diungkapkan mengenai hal tersebut (atas poin A.1.9.1.b.1).
                                                                                                                        232
                    If all members of the Board of Directors and/or all members of the Board of Commissioners do
                    not own shares, then this matter is disclosed (at point A.1.9.1.b.1);
  A.1.9.1.c         Kelompok pemegang saham masyarakat, yaitu kelompok pemegang saham yang masing-
                    masing memiliki kurang dari 5% (lima persen) saham Emiten atau Perusahaan Publik
                                                                                                                       230
                    Community shareholder group, namely the group of shareholders whom each own less than
                    5% (five percent) of the shares of the Issuer or Public Company




824   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 825
                                                                                                             Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                             Reference of POJK, SEOJK and ARA Criteria




  Nomor                                             Pertanyaan ARA                                                             Halaman
  Number                                              ARA Question                                                                 Page

A.1.9.2.a   Persentase kepemilikan tidak langsung atas saham Perusahaan oleh anggota Direksi dan
            anggota Dewan Komisaris pada awal dan akhir tahun buku, termasuk informasi mengenai
            pemegang saham yang terdaftar dalam daftar pemegang saham untuk kepentingan
            kepemilikan tidak langsung anggota Direksi dan anggota Dewan Komisaris
            The shares’ indirect ownership percentage of the Company by members of the Board                                       232
            of Directors and members of the Board of Commissioners at the beginning and end of the
            fiscal year,including information on shareholders registered in the shareholder register for
            the benefit of indirect ownership of members of the Board of Directors and the Board of
            Commissioners
A.1.9.2.b   Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris TIDAK memiliki
            kepemilikan tidak langsung atas saham perusahaan, maka diungkapkan mengenai hal
            tersebut (atas poin A.1.9.2.a)
                                                                                                                                   232
            If all members of the Board of Directors and/or Board of Commissioners do not have indirect
            ownership of the shares of the Issuer or Public Company, this matter shall be disclosed (at
            point A.1.9.2.a)
A.1.9.3     Klasifikasi kepemilikan yang dimiliki perusahaan
                                                                                                                               228-229
            Classification of ownership owned by the company
A.1.9.3.a   Jumlah pemegang saham dan persentase kepemilikan berdasarkan klasifikasi
                                                                                                                               228-229
            The number of shareholders and the percentage based on the classification
A.1.9.4     Informasi mengenai pemegang saham utama dan pengendali Perusahaan, baik langsung
            maupun tidak langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema
            atau bagan; Information regarding the major and controlling shareholders of the Issuer or                          228-229
            Public Company, either directly or indirectly, to the individual owners, presented in the form of
            schematics or charts;
A.1.9.5     Apakah perusahaan memiliki pengendalian dan/atau pengendalian bersama atas:
                                                                                                                                   233
            Does the company have control and/or joint control over:
A.1.9.5.a   Nama entitas anak, perusahaan asosiasi, perusahaan ventura bersama dimana Perusahaan
            memiliki pengendalian bersama entitas ( jika ada), beserta persentase kepemilikan saham,
            bidang usaha, total aset, dan status operasi entitas anak, perusahaan asosiasi, perusahaan
            ventura bersama. Untuk entitas anak, ditambahkan informasi mengenai alamat entitas anak
            tersebut                                                                                                            234-236
            The name of the subsidiary, associate, joint venture company where the Company has
            joint control of the entity (if any), along with the percentage of share ownership, line of
            business, total assets, and operating status of the subsidiary, associated company, joint
            venture company; For a subsidiary, information about the address of the subsidiary is added.
A.1.9.6     Apakah perusahaan pernah melakukan aksi korporasi berikut ini:
                                                                                                                                272-277
            Does the company ever carried out the following corporate actions:
A.1.9.6.a   Kronologis pencatatan saham, jumlah saham, nilai nominal, dan harga penawaran dari awal
            pencatatan hingga akhir tahun buku serta nama bursa efek dimana saham Emiten atau
            Perusahaan Publik dicatatkan, termasuk pemecahan saham (stock split), penggabungan
            saham (reverse stock), dividen saham, saham bonus, dan perubahan nilai nominal saham,
            pelaksanaan efek konversi, pelaksanaan penambahan dan pengurangan modal ( jika ada)
                                                                                                                                272-277
            A chronological listing of shares, number of shares, nominal value, and the offer price from the
            start of recording until the end of the financial year and the name of the Stock Exchange where
            the shares of the Issuer or Public Company are listed, including stock splits, reverse stock,
            stock dividends, bonus shares, and changes in the nominal value of shares, implementation of
            conversion effects, implementation of capital additions and subtractions (if any)
A.1.9.7     Informasi pencatatan efek lainnya selain efek sebagaimana dimaksud sebelumnya, yang
            belum jatuh tempo pada tahun buku paling sedikit memuat nama efek, tahun penerbitan,
            tingkat suku bunga/imbal hasil, tanggal jatuh tempo, nilai penawaran, dan peringkat efek ( jika
            ada)
                                                                                                                                272-277
            Other securities listing information other than the securities as referred before, which have
            not yet matured in the fiscal year, at least contain the name of the securities, year of issue,
            interest
            rate/yield, maturity date, offering value, and securities rating (if any);




                                                                                        Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                   825
Page 826
      Nomor                                                  Pertanyaan ARA                                            Halaman
      Number                                                    ARA Question                                             Page

  A.1.10            Analisa dan Pembahasan Manajemen
                                                                                                                       290-412
                    Management Discussion and Analysis
  A.1.10.1          Tinjauan operasi per segmen usaha sesuai dengan jenis industri Perusahaan
                                                                                                                       295-330
                    A review of operations per operating segment based on the Company’s type of industry
  A.1.10.1.a        Produksi, yang meliputi proses, kapasitas, dan perkembangannya                                     297-311,
                    Production, including the process, capacity, and its development                                   321-323,
                                                                                                                       325-326,
                                                                                                                         328
  A.1.10.1.b        Pendapatan/Penjualan                                                                               312-314,
                    Revenue/Sales                                                                                      323-324,
                                                                                                                       326-327,
                                                                                                                         329
  A.1.10.1.c        Profitabilitas                                                                                      314-315
                    Profitability                                                                                      323-324,
                                                                                                                       327, 329
  A.1.10.2          Kinerja keuangan komprehensif yang mencakup perbandingan kinerja keuangan dalam 2
                    (dua) tahun buku terakhir, penjelasan tentang penyebab adanya perubahan dan dampak
                    perubahan tersebut                                                                                 331-368
                    Comprehensive financial performance including a comparison of financial performance in the
                    last 2 (two) years, an explanation of the cause of any changes and the impact
  A.1.10.2.a        Aset lancar, aset tidak lancar, dan total asset
                                                                                                                      331-332,335
                    Current assets, non-current assets, and total assets
  A.1.10.2.b        Liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas
                                                                                                                       332-334
                    Short-term liabilities, long-term liabilities, and total liabilities
  A.1.10.2.c        Ekuitas
                                                                                                                         334
                    Equity
  A.1.10.2.d        Pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba (rugi),
                    komprehensif; dan
                                                                                                                       358-360
                    Revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive
                    profit (loss); and
  A.1.10.2.e        Arus Kas
                                                                                                                       367-368
                    Cash Flow
  A.1.10.3          Kemampuan membayar utang atau kewajiban dengan menyajikan perhitungan rasio yang
                    relevan                                                                                            369-372
                    Ability to pay the debt by presenting the relevant ratios
  A.1.10.4          Tingkat kolektibilitas piutang Perusahaan dengan menyajikan perhitungan rasio yang relevan
                    The collectibility level of the Company’s receivables by presenting the relevant ratio              371-372
                    calculations
  A.1.10.5          Struktur modal (capital structure) dan kebijakan manajemen atas struktur modal disertai dasar
                    penentuan kebijakan dimaksud
                                                                                                                       372-373
                    Capital structure and management policies on capital structure accompanied by the basis for
                    determining the policy
  A.1.10.6          Bahasan mengenai ikatan yang material untuk investasi barang modal dengan penjelasan
                                                                                                                         373
                    Discussion on material commitments for capital investments with explanations
  A.1.10.6.a        Tujuan dari ikatan tersebut
                                                                                                                         373
                    The purpose of such commitments
  A.1.10.6.b        Sumber dana yang diharapkan untuk memenuhi ikatan tersebut
                                                                                                                         373
                    Sources of funds to meet such commitments
  A.1.10.6.c        Mata uang yang menjadi denominasi
                                                                                                                         373
                    Currency-denominated
  A.1.10.6.d        Langkah yang direncanakan Perubahaan untuk melindungi risiko dari posisi mata uang asing
                    yang terkait
                                                                                                                         373
                    Planned measures by the Issuer or Public Company to cover the risks of foreign currency
                    positions
  A.1.10.7          Bahasan mengenai investasi barang modal yang yang direalisasikan dalam tahun buku
                    terakhir:                                                                                          373-374
                    Discussion regarding capital goods investments realized in the last fiscal year
  A.1.10.7.a        Jenis investasi barang modal
                                                                                                                         374
                    Type of capital goods investments
  A.1.10.7.b        Tujuan investasi barang modal
                                                                                                                         374
                    Capital goods investment objectives



826   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 827
                                                                                                                  Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                                  Reference of POJK, SEOJK and ARA Criteria




   Nomor                                                Pertanyaan ARA                                                              Halaman
   Number                                                 ARA Question                                                                  Page

A.1.10.7.c     Nilai investasi barang modal yang dikeluarkan
                                                                                                                                         374
               Value of capital goods investments realized
A.1.10.8       Prospek usaha dari Perusahaan dikaitkan dengan kondisi industri, ekonomi secara umum dan
               pasar internasional disertai data pendukung kuantitatif dari sumber data yang layak dipercaya
               Business prospects of the Issuer or Public Company based on the condition of the industry,                                377
               the general economy, and the international markets supporting quantitative data from trusted
               data sources
A.1.10.9       Perbandingan antara target/proyeksi pada awal tahun buku dengan hasil yang dicapai
               (realisasi)
                                                                                                                                     374-375
               Comparison between the targets/projections at the beginning of the year with the results
               achieved (realized)
A.1.10.9.a     Pendapatan/penjualan
                                                                                                                                     360-361
               Revenue/sales
A.1.10.9.b     Laba (rugi)
                                                                                                                                     363-365
               Profit (loss)
A.1.10.9.c     Struktur modal (capital structure)
                                                                                                                                     372-373
               Capital structure
A.1.10.9.d     Hal lainnya yang dianggap penting bagi Perusahaan
                                                                                                                                     369-371
               Other matters that are considered important for the Company
A.1.10.10      Target/proyeksi yang ingin dicapai Perusahaan untuk 1 (satu) tahun mendatang
                                                                                                                                     374-375
               Targets/projections to be achieved by the Company for one (1) year ahead
A.1.10.10.a    Pendapatan/penjualan
                                                                                                                                         374
               Revenues/sales
A.1.10.10.b    Laba (rugi)
                                                                                                                                         375
               Profit (loss)
A.1.10.10.c    Struktur modal (capital structure)
                                                                                                                                         374
               Capital structure
A.1.10.10.d    Kebijakan dividen
                                                                                                                                     381-382
               Dividend policy
A.1.10.10.e    Hal lainnya yang dianggap penting bagi Perusahaan
                                                                                                                                         376
               Other matters that are considered important for the Company
A.1.10.11      Aspek pemasaran atas barang dan/atau jasa Perusahaan, paling sedikit mengenai Strategi
               pemasaran dan Pangsa pasar
                                                                                                                                     377-380
               The Company’s marketing of goods and/or services, at least including the marketing strategy
               and market share;
A.1.10.12      Uraian mengenai dividen selama 2 (dua) tahun buku terakhir
                                                                                                                                        382
               Description of dividends for the last 2 (two) fiscal years
A.1.10.12.a    Kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan
               terhadap laba bersih;
                                                                                                                                        382
               Dividend policy, which includes information on the percentage of dividends distributed to net
               income
A.1.10.12.b    Tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non kas
                                                                                                                                        382
               Date of payment of cash dividends and/or date of distribution of non-cash dividends
A.1.10.12.c    Jumlah dividen per saham (kas dan/atau non kas)
                                                                                                                                        382
               The amount of dividends per share (cash and/or non-cash)
A.1.10.12.d    Jumlah dividen per tahun yang dibayar
                                                                                                                                        382
               The amount of dividends paid annually
A.1.10.12.d1   Catatan: Dalam hal Emiten atau Perusahaan Publik tidak membagikan dividen dalam 2 (dua)
               tahun terakhir, maka diungkapkan mengenai hal tersebut
                                                                                                                                        382
               Note: If the Issuer or Public Company does not distribute dividends in the last 2 (two) years,
               this matter shall be disclosed
A.1.10.13      Realisasi penggunaan dana hasil penawaran umum, dengan ketentuan
                                                                                                                                    385-386
               Realization of the use of proceeds from the public offering, provided that
A.1.10.13.a    Dalam hal selama tahun buku, Emiten memiliki kewajiban menyampaikan laporan realisasi
               penggunaan dana, maka diungkapkan realisasi penggunaan dana hasil penawaran umum
               secara kumulatif sampai dengan akhir tahun buku
                                                                                                                                    385-386
               If, during the fiscal year, the Issuer must submit a report on the realization of the use of funds,
               then the realization of the cumulative use of the proceeds from the public offering shall be
               disclosed until the end of the fiscal year




                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                         827
Page 828
      Nomor                                                   Pertanyaan ARA                                               Halaman
      Number                                                     ARA Question                                               Page

  A.1.10.13.b       Dalam hal terdapat perubahan penggunaan dana sebagaimana diatur dalam Peraturan
                    Otoritas Jasa Keuangan mengenai laporan realisasi penggunaan dana hasil penawaran umum,
                    maka Emiten menjelaskan perubahan tersebut
                    If there is a change in the use of funds as regulated in the Financial Services Authority              385-386
                    Regulation regarding the report on the realization of the use of the proceeds from the public
                    offering, the
                    Issuer shall explain the change
  A.1.10.14         Informasi material ( jika ada), antara lain mengenai investasi, ekspansi, divestasi,
                    penggabungan/peleburan usaha, akuisisi, restrukturisasi utang/modal, transaksi material,
                    transaksi afiliasi, dan transaksi benturan kepentingan, yang terjadi pada tahun buku
                    Material information (if any), among others regarding investment, expansion, divestment,               387-396
                    business merger/consolidation, acquisition, debt/capital restructuring, material transactions,
                    affiliatedtransactions, and conflict of interest transactions, which occurred during the fiscal
                    year
  A.1.10.14..       Apakah perusahaan mengalami transaksi berikut ini selama tahun buku
                                                                                                                           387-396
                    Does the Company experience the following transactions during the fiscal year?
  A.1.10.14.a       Tanggal, nilai, dan objek transaksi
                                                                                                                           387-396
                    The date, value, and object of the transaction
  A.1.10.14.b       Nama pihak yang melakukan transaksi
                                                                                                                           387-396
                    The name of the party conducting the transaction
  A.1.10.14.c       Sifat hubungan afiliasi ( jika ada)
                                                                                                                           387-396
                    The nature of the affiliation relationship (if any)
  A.1.10.14.d       Penjelasan mengenai kewajaran transaksi
                                                                                                                           387-396
                    Explanation of the fairness of the transaction
  A.1.10.14.e       Pemenuhan ketentuan terkait
                                                                                                                           387-396
                    Compliance with related provisions
  A.1.10.14.f       Dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana
                    dimaksud dalam huruf a) sampai dengan huruf e), Perusahaan juga mengungkapkan informasi
                                                                                                                           387-396
                    If there is an affiliation relationship, in addition to disclosing the information as referred to in
                    letter a) to letter e), the Issuer or Public Company also discloses information
  A.1.10.14.f1      Pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk
                    memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                    umum antara lain dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length
                    principle)                                                                                             387-396
                    A statement from the Board of Directors that the affiliate transaction has gone through
                    adequate procedures to ensure that the affiliate transaction is carried out following generally
                    accepted business practices, among others, by complying with the arms-length principle
  A.1.10.14.f2      Peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai untuk
                    memastikan bahwa transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                    umum antara lain dilakukan dengan memenuhi prinsip transaksi yang wajar (arms-length
                    principle)                                                                                             387-396
                    The role of the Board of Commissioners and the audit committee in carrying out adequate
                    procedures to ensure that affiliated transactions are carried out following generally accepted
                    business practices, among others, by complying with the arms-length principle
  A.1.10.14.g       Untuk transaksi afiliasi atau transaksi material yang merupakan kegiatan usaha yang
                    dijalankan dalam rangka menghasilkan pendapatan usaha dan dijalankan secara rutin,
                    berulang, dan/atau berkelanjutan, ditambahkan penjelasan bahwa transaksi afiliasi atau
                    transaksi material tersebut merupakan kegiatan usaha yang dijalankan dalam rangka
                    menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau
                                                                                                                           387-396
                    berkelanjutan
                    For affiliated or material transactions, which are business activities carried out to generate
                    business income and are carried out regularly, repeatedly, and/or continuously, an explanation
                    is added that the affiliated or material transactions are business activities carried out to
                    generate operating income. and run regularly, repeatedly, and/or continuously
  A.1.10.14.h       Catatan: Dalam hal transaksi afiliasi atau transaksi material dimaksud telah diungkapkan dalam
                    laporan keuangan tahunan, ditambahkan informasi mengenai rujukan pengungkapan dalam
                    laporan keuangan tahunan tersebut (atas point A.1.10.14.g)
                                                                                                                           387-396
                    If the affiliated or material transactions have been disclosed in the annual financial statements,
                    additional information regarding the disclosure reference in the annual financial statements is
                    added (at point A.1.10.14.g)




828   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 829
                                                                                                                  Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                                  Reference of POJK, SEOJK and ARA Criteria




   Nomor                                                Pertanyaan ARA                                                              Halaman
   Number                                                 ARA Question                                                                  Page

A.1.10.14.i   Untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan kepentingan yang
              merupakan hasil pelaksanaan transaksi afiliasi dan/atau transaksi benturan kepentingan
              yang telah disetujui pemegang saham independen, ditambahkan informasi mengenai tanggal
              pelaksanaan RUPS yang menyetujui transaksi tersebut
                                                                                                                                     387-396
              for disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
              implementation of affiliated transactions and/or conflict of interest transactions that have been
              approved by independent shareholders, additional information regarding the date of the GMS
              which approved the affiliated transactions and/or conflict of interest transactions is added
A.1.10.14.j   Catatan: dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi benturan kepentingan,
              maka diungkapkan mengenai hal tersebut; (atas point A.1.10.14.i)
                                                                                                                                     387-396
              Note: if there is no affiliated transaction and/or conflict of interest transaction; then this matter
              shall be Disclosed (at point A.1.10.14.i)
A.1.10.15     Perubahan ketentuan peraturan perundang-undangan yang berpengaruh signifikan terhadap
              Perusahaan dan dampaknya terhadap laporan keuangan ( jika ada)
                                                                                                                                     404-407
              Changes in regulations and legislation that significantly impact the Issuer or Public Company
              and the impact on the financial statements (if any)
A.1.11        Governansi Perusahaan 1
              Corporate Governance 1
A.1.11.1.a    Informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku                                498-501
              Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year before the                        510-514
              fiscal year                                                                                                            516-520
A.1.11.1.a1   Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang direalisasikan
                                                                                                                                     498-501
              pada tahun buku
                                                                                                                                     510-514
              The GMS’ resolutions in the fiscal year and 1 (one) year before the fiscal year are realized in
                                                                                                                                     516-520
              the fiscal year
A.1.11.1.a2   Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang belum
                                                                                                                                     498-501
              direalisasikan beserta alasan belum direalisasikan
                                                                                                                                     510-514
              Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that has not
                                                                                                                                     516-520
              been realized and the reasons for not realizing them
A.1.11.1.b    Dalam hal Perusahaan menggunakan pihak independen dalam pelaksanaan RUPS untuk
              melakukan perhitungan suara, maka diungkapkan mengenai hal tersebut;                                                      494
              If the Issuer or Public Company uses an independent party in the conduct of the GMS to                                    506
              calculate the votes, then this matter shall be disclosed;
A.1.11.2      Pengungkapan terkait Direksi
                                                                                                                                     553-578
              Disclosures related to the Board of Directors
A.1.11.2.a    Tugas dan tanggung jawab masing-masing anggota Direksi
                                                                                                                                     561-567
              Duties and responsibilities of each member of the Board of Directors
A.1.11.2.b    Pernyataan bahwa Direksi memiliki pedoman atau piagam (charter) Direksi
                                                                                                                                        553
              Statement that the Board of Directors has guidelines or charter for the Board of Directors
A.1.11.2.c    Kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan
              Komisaris, dan tingkat kehadiran anggota Direksi dalam rapat tersebut termasuk
              kehadiran dalam RUPS;
              Policies and implementation of the Board of Directors’ meeting frequency, Board of                                     587-594
              Directors’
              meeting with the Board of Commissioners, and the Board of Directors member’s
              attendance level in the meeting including attendance at the GMS;
A.1.11.2.c1   Kebijakan terkait frekuensi rapat Direksi dan rapat Direksi bersama Dewan Komisaris
              Policies regarding the frequency of Board of Directors meetings and meetings between the                                  587
              Board of Directors and the Board of Commissioners
A.1.11.2.c2   Frekuensi pelaksanaan rapat Direksi dan rapat Direksi bersama Dewan Komisaris
              Frequency of holding Board of Directors meetings and meetings between the Board of                                        587
              Directors and the Board of Commissioners
A.1.11.2.c3   Informasi tingkat kehadiran direksi dalam rapat direksi, rapat direksi dekom, RUPS
                                                                                                                                    494-495
              Information on the Board of Directors member’s level of attendance at the meeting of the
                                                                                                                                      506
              Board of
                                                                                                                                    592-594
              Directors, the meeting of the Board of Directors with the Board of Commissioners, or the GMS
A.1.11.2.d    Pelatihan dan/atau peningkatan kompetensi anggota Direksi                                                                 568
              Training and/or competency improvement of the Board of Directors members
A.1.11.2.d1   Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Direksi, termasuk program
              orientasi bagi anggota Direksi yang baru diangkat ( jika ada)
              Training and/or improving the competence of members of the Board of Directors policy,                                     568
              including an orientation program for newly appointed members of the Board of Directors (if
              any)



                                                                                             Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                        829
Page 830
      Nomor                                                 Pertanyaan ARA                                             Halaman
      Number                                                  ARA Question                                              Page

  A.1.11.2.d2       Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Direksi dalam tahun buku
                    ( jika ada)
                                                                                                                       198-202
                    Training and/or competency improvement attended by members of the Board of Directors in
                    the fiscal year (if any)
  A.1.11.2.e        Penilaian Direksi terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi
                    pada tahun buku
                                                                                                                       575-576
                    The Board of Directors’ assessment of the performance of the committees that support
                    the implementation of the Board of Directors’ duties for the fiscal year
  A.1.11.2.e1       Prosedur penilaian kinerja
                                                                                                                         576
                    Performance appraisal procedures
  A.1.11.2.e2       Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran
                    dalam rapat
                                                                                                                         576
                    The criteria used, such as performance achievements during the fiscal year, competence and
                    attendance at meetings
  A.1.11.2.f        Catatan: Dalam hal Perusahaan tidak memiliki komite yang mendukung pelaksanaan tugas
                    Direksi, maka diungkapkan mengenai hal tersebut (atas point A.1.11.2.e1 & e2)
                    Note: If the Issuer or Public Company does not have a committee that supports the                     -
                    implementation of the duties of the Board of Directors, this matter shall be disclosed (at point
                    A.1.11.2.e1 & e2)
  A.1.11.3          Pengungkapan terkait Dewan Komisaris
                                                                                                                       521-550
                    Disclosures related to the Board of Commissioners
  A.1.11.3.a        Tugas dan tanggung jawab Dewan Komisaris
                                                                                                                       527-528
                    Duties and responsibilities of the Board of Commissioners
  A.1.11.3.b        Pernyataan bahwa Dewan Komisaris memiliki pedoman atau piagam (charter) Dewan
                    Komisaris
                                                                                                                         521
                    A statement that the Board of Commissioners has guidelines or charter for the Board of
                    Commissioners
  A.1.11.3.c        Kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris, rapat Dewan Komisaris bersama
                    Direksi dan tingkat kehadiran anggota Dewan Komisaris dalam rapat tersebut termasuk
                                                                                                                       494-495
                    kehadiran dalam RUPS;
                                                                                                                         506
                    Policies and implementation of the Board of Commissioners meeting frequency, meetings
                                                                                                                       586-587
                    of the Board of Commissioners with the Board of Directors and the level of attendance of
                    members of the Board of Commissioners in such meetings including attendance at the GMS;
  A.1.11.3.d        Pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris
                                                                                                                        542
                    Training and/or competency improvement of members of the Board of Commissioners
  A.1.11.3.d1       Kebijakan pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris, termasuk
                    program orientasi bagi anggota Dewan Komisaris yang baru diangkat
                                                                                                                       541-542
                    Policy on training and/or improving the Board of Commissioners members’ competence,
                    including orientation programs for newly appointed members of the Board of Commissioners
  A.1.11.3.d2       Pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Dewan Komisaris dalam
                    tahun buku ( jika ada)
                                                                                                                       195-198
                    Training and/or competency improvement attended by members of the Board of
                    Commissioners in the fiscal year (if any)
  A.1.11.3.e        Penilaian kinerja Direksi dan Dewan Komisaris serta masing-masing anggota Direksi dan
                    anggota Dewan Komisaris
                                                                                                                       578-585
                    Performance appraisal of the Board of Directors and the Board of Commissioners as well as
                    each member of the Board of Directors and the Board of Commissioners
  A.1.11.3.e1       Prosedur pelaksanaan penilaian kinerja
                                                                                                                       579-584
                    Procedures for implementing performance appraisals
  A.1.11.3.e2       Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran
                    dalam rapat
                                                                                                                       579-585
                    The criteria used such as performance achievements during the fiscal year, competence and
                    attendance at meetings
  A.1.11.3.e3       Pihak yang melakukan penilaian
                                                                                                                       579-585
                    The party conducting the assessment
  A.1.11.3.f        Penilaian Dewan komisaris terhadap kinerja Komite Dewan Komisaris terhadap kinerja                   547
                    komite yang mendukung pelaksanaan tugas Dewan Komisaris pada tahun buku, meliputi
                    The Board of Commissioners’ assessment of the performance of the Committees that
                    support the implementation of the duties of the Board of Commissioners in the fiscal year,
                    include:




830   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 831
                                                                                                          Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                          Reference of POJK, SEOJK and ARA Criteria




   Nomor                                            Pertanyaan ARA                                                          Halaman
   Number                                              ARA Question                                                             Page

A.1.11.3.f1   Prosedur penilaian kinerja                                                                                         547
              Performance appraisal procedures
A.1.11.3.f2   Kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran                        547
              dalam rapat
              The criteria used such as performance achievements during the fiscal year, competence, and
              attendance at meetings
A.1.11.4      Pengungkapan terkait Nominasi dan remunerasi Direksi dan Dewan Komisaris                                      595-600
              Disclosures related to nomination and remuneration of the Board of Directors and Board
              of Commissioners
A.1.11.4.a    Prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi anggota                         595
              Direksi dan/atau anggota Dewan Komisaris
              Nomination procedure, including a brief description of the policies and members nomination
              process of the Board of Directors and/or the Board of Commissioners
A.1.11.4.b    Prosedur dan pelaksanaan remunerasi Direksi dan Dewan Komisaris, antara lain:                                 595-600
              Procedures and implementation of remuneration for the Board of Directors and the Board of
              Commissioners, among others:
A.1.11.4.b1   Prosedur penetapan remunerasi Direksi dan Dewan Komisaris
              Procedures for determining remuneration for the Board of Directors and the Board of                               595
              Commissioners;
A.1.11.4.b2   Struktur remunerasi Direksi dan Dewan Komisaris seperti, gaji, tunjangan, tantiem/bonus dan
              lainnya
                                                                                                                                597
              The remuneration structure of the Board of Directors and the Board of Commissioners such as
              salary, allowances, tantiem/bonus, and others
A.1.11.4.b3   Besarnya remunerasi masing-masing anggota Direksi dan anggota Dewan Komisaris
              The amount of remuneration for each member of the Board of Directors and member of the                        598-600
              Board of Commissioners;
A.1.11.5      Pengungkapan terkait Dewan Pengawas Syariah, bagi Perusahaan yang menjalankan kegiatan
              usaha berdasarkan prinsip syariah sebagaimana tertuang dalam anggaran dasar
                                                                                                                                   -
              Disclosures related to the Sharia Supervisory Board, for companies that carry out business
              activities based on sharia principles as stated in the articles of association
A.1.11.5.a    Nama
                                                                                                                                   -
              Name
A.1.11.5.b    Dasar hukum pengangkatan Dewan Pengawas Syariah
                                                                                                                                   -
              The legal basis for the appointment of the Sharia Supervisory Board
A.1.11.5.c    Periode penugasan Dewan Pengawas Syariah
                                                                                                                                   -
              The period of assignment of the Sharia Supervisory Board
A.1.11.5.d    Tugas dan tanggung jawab Dewan Pengawas Syariah
                                                                                                                                   -
              Duties and responsibilities of the Shariah Supervisory Board
A.1.11.5.e    Frekuensi dan cara pemberian nasihat dan saran serta pengawasan pemenuhan prinsip
              syariah di pasar modal terhadap Perusahaan
                                                                                                                                   -
              Frequency and mode of administration advice and suggestions as well as monitoring
              compliance with Sharia Principles in the capital market of the Company
A.1.12        Governansi Perusahaan 2
              Corporate Governance 2
A.1.11.6      Pengungkapan terkait Komite Audit
                                                                                                                            608-626
              Disclosures related to the Audit Committee
A.1.11.6.a    Nama dan jabatannya dalam keanggotaan komite
                                                                                                                              141-143
              Names and positions of the committee members
A.1.11.6.b    Usia
                                                                                                                              141-143
              Age
A.1.11.6.c    Kewarganegaraan
                                                                                                                              141-143
              Nationality
A.1.11.6.d    Riwayat Pendidikan
                                                                                                                              141-143
              Education History
A.1.11.6.e    Riwayat jabatan
                                                                                                                              141-143
              Position history
A.1.11.6.e1   Dasar hukum penunjukan sebagai anggota komite                                                                   141-143
              Legal basis for appointment as a committee member                                                                 612




                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 831
Page 832
      Nomor                                                 Pertanyaan ARA                                       Halaman
      Number                                                     ARA Question                                     Page

  A.1.11.6.e2       Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya ( jika ada)
                                                                                                                 141-143
                    Concurrent positions as members of the Board of Commissioners, members of the Board of
                    Directors and/or members of committees as well as other positions (if any)
  A.1.11.6.e3       Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut (atas
                    point A.1.11.6.e2)                                                                           141-143
                    Note: If there are no concurrent positions, this will be disclosed (at point A.1.11.6.e2)
  A.1.11.6.e4       Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                 141-143
                    Work experience both inside and outside the Issuer or Public Company
  A.1.11.6.f        Periode dan masa jabatan anggota komite audit
                                                                                                                   612
                    Period and tenure of Audit Committee members
  A.1.11.6.g        Pernyataan independensi komite audit
                                                                                                                 612-613
                    Statement of Audit Committee independence
  A.1.11.6.h        Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada)     616
                    Training and/or competency improvement that has been followed in the fiscal year (if any)     202
  A.1.11.6.i        Kebijakan dan pelaksanaan frekuensi rapat komite audit dan tingkat kehadiran anggota
                    komite audit dalam rapat tersebut
                                                                                                                 615-616
                    Policy and implementation of Audit Committee meeting frequency and level of attendance of
                    Audit Committee members at the meetings
  A.1.11.6.j        Pelaksanaan kegiatan komite audit pada tahun buku
                                                                                                                 617-621
                    Implementation of Audit Committee activities in the fiscal year
  A.1.11.7a         Pengungkapan terkait Komite atau fungsi nominasi dan remunerasi Perusahaan.
                    Disclosures related to the Committee or the Company's nomination and remuneration            626-643
                    functions
  A.1.11.7a.a       Nama dan jabatannya dalam keanggotaan komite
                                                                                                                 144-145
                    Names and positions of the committee members
  A.1.11.7a.b       Usia
                                                                                                                 144-145
                    Age
  A.1.11.7a.c       Kewarganegaraan
                                                                                                                 144-145
                    Nationality
  A.1.11.7a.d       Riwayat Pendidikan
                                                                                                                 144-145
                    Education history
  A.1.11.7a.e       Riwayat jabatan
                                                                                                                 144-145
                    Position history
  A.1.11.7a.e1      Dasar hukum penunjukan sebagai anggota komite                                                144-145
                    Legal basis for appointment as a committee member                                              630
  A.1.11.7a.e2      Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya ( jika ada)
                                                                                                                 144-145
                    Concurrent positions as members of the Board of Commissioners, members of the Board of
                    Directors and/or members of committees as well as other positions (if any);
  A.1.11.7a.e3      Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut;
                    (A.1.11.7a.e2)
                                                                                                                 144-145
                    Note: If there are no concurrent positions, this will be disclosed; (A.1.11.7a.e2)

  A.1.11.7a.e4      Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                 144-145
                    Work experience and period both inside and outside the Company
  A.1.11.7a.f       Periode dan masa jabatan anggota komite
                                                                                                                  630
                    The period and term of office of the committee members
  A.1.11.7a.g       Pernyataan independensi komite
                                                                                                                   631
                    Statement of committee independence
  A.1.11.7a.h       Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada)     636
                    Training and/or competency improvement that has been followed in the fiscal year (if any);    203
  A.1.11.7a.i       Uraian tugas dan tanggung jawab
                                                                                                                 631-633
                    Description of duties and responsibilities
  A.1.11.7a.j       Pernyataan bahwa telah memiliki pedoman atau piagam (charter)
                                                                                                                  628
                    A statement that the committee has had guidelines or charters




832   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 833
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




   Nomor                                                Pertanyaan ARA                                                        Halaman
   Number                                                   ARA Question                                                          Page

A.1.11.7a.k    Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat
               tersebut
               Policies and implementation of the frequency of committee meetings and the level of                             634-636
               attendance
               of committee members in those meetings
A.1.11.7a.l    Uraian singkat pelaksanaan kegiatan pada tahun buku
                                                                                                                              636-638
               A brief description of the committee’s activities for the fiscal year
A.1.11.7a.m    Catatan: Dalam hal tidak dibentuk komite:
                                                                                                                                     -
               Note: If no nomination and remuneration committee is formed
A.1.11.7a.m1   Alasan tidak dibentuknya komite
                                                                                                                                     -
               Reasons for not forming the committee
A.1.11.7a.m2   Pihak yang melaksanakan fungsi nominasi dan remunerasi
                                                                                                                                     -
               The party carrying out the nomination and remuneration function
A.1.11.7b      Pengungkapan terkait Komite atau fungsi nominasi dan remunerasi Perusahaan
               Disclosures related to the Committee or the Company's nomination and remuneration                              626-643
               functions
A.1.11.7b.a    Nama dan jabatannya dalam keanggotaan komite
                                                                                                                               144-145
               Names and positions of the committee members
A.1.11.7b.b    Usia
                                                                                                                               144-145
               Age
A.1.11.7b.c    Kewarganegaraan
                                                                                                                               144-145
               Nationality
A.1.11.7b.d    Riwayat Pendidikan
                                                                                                                               144-145
               Education history
A.1.11.7b.e    Riwayat jabatan
                                                                                                                               144-145
               Position history
A.1.11.7b.e1   Dasar hukum penunjukan sebagai anggota komite                                                                   144-145
               Legal basis for appointment as a committee member                                                                 630
A.1.11.7b.e2   Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
               komite serta jabatan lainnya ( jika ada)
                                                                                                                               144-145
               Concurrent positions as members of the Board of Commissioners, members of the Board of
               Directors and/or members of committees as well as other positions (if any)
A.1.11.7b.e3   Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut;
               (A.1.11.7a.e2)                                                                                                  144-145
               Note: If there are no concurrent positions, this will be disclosed; (A.1.11.7a.e2)
A.1.11.7b.e4   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                               144-145
               Work experience both inside and outside the Public Company
A.1.11.7b.f    Periode dan masa jabatan anggota komite
                                                                                                                                  630
               Period and tenure of committee members
A.1.11.7b.g    Pernyataan independensi komite
                                                                                                                                   631
               Statement of committee independence
A.1.11.7b.h    Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada)                          636
               Training and/or competency improvement that has been followed in the financial year (if any)                       203
A.1.11.7b.i    Uraian tugas dan tanggung jawab
                                                                                                                               631-633
               Description of duties and responsibilities
A.1.11.7b.j    Pernyataan bahwa telah memiliki pedoman atau piagam (charter)
                                                                                                                                  628
               Statement that it has established committee guidelines or charter
A.1.11.7b.k    Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat
               tersebut
               Policy and implementation of committee meeting frequency and level of attendance of                             634-636
               committee
               members at the meetings
A.1.11.7b.l    Uraian singkat pelaksanaan kegiatan pada tahun buku
                                                                                                                              636-638
               A brief description of the committee’s activities in the fiscal year




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  833
Page 834
      Nomor                                                  Pertanyaan ARA                                      Halaman
      Number                                                     ARA Question                                     Page

  A.1.13            Governansi Perusahaan 3
                    Corporate Governance 3
  A.1.11.8a         Pengungkapan terkait Komite Manajemen Risiko
                                                                                                                 643-658
                    Disclosures related to the Risk Management Committee
  A.1.11.8a.a       Nama dan jabatannya dalam keanggotaan komite
                                                                                                                 146-148
                    Name and position in committee membership
  A.1.11.8a.b       Usia
                                                                                                                 146-148
                    Age
  A.1.11.8a.c       Kewarganegaraan
                                                                                                                 146-148
                    Nationality
  A.1.11.8a.d       Riwayat Pendidikan
                                                                                                                 146-148
                    Educational history
  A.1.11.8a.e       Riwayat jabatan
                                                                                                                 146-148
                    Position history
  A.1.11.8a.e1      Dasar hukum penunjukan sebagai anggota komite                                                146-148
                    Legal basis for appointment as a committee member                                              646
  A.1.11.8a.e2      Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
                    komite serta jabatan lainnya ( jika ada)
                                                                                                                 146-148
                    Concurrent positions, either as a member of the Board of Commissioners, member of the
                    Board of Directors, and/or committee member and other positions (if any)
  A.1.11.8a.e3      Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut (atas
                    point A.1.11.8a.e2)                                                                          146-148
                    Note: If there is no concurrent positions, this will be disclosed (at point A.1.11.8a.e2)
  A.1.11.8a.e4      Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                 146-148
                    Work experience and period both inside and outside the Company
  A.1.11.8a.f       Periode dan masa jabatan anggota komite manajemen risiko
                                                                                                                  646
                    The period and term of office of the risk management committee members
  A.1.11.8a.g       Pernyataan independensi komite
                                                                                                                 647-648
                    Statement of committee independence
  A.1.11.8a.h       Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada)      652
                    Training and/or competency improvement that has been followed in the fiscal year (if any)    203-204
  A.1.11.8a.i       Uraian tugas dan tanggung jawab
                                                                                                                 648-650
                    Description of duties and responsibilities
  A.1.11.8a.j       Pernyataan bahwa telah memiliki pedoman atau piagam (charter)
                                                                                                                 644-645
                    Statement that it has guidelines or charter
  A.1.11.8a.k       Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat
                    tersebut
                    Policies and implementation of the frequency of committee meetings and the level of          651-652
                    attendance
                    of committee members in those meetings
  A.1.11.8a.l       Uraian singkat pelaksanaan kegiatan pada tahun buku
                                                                                                                 652-654
                    A brief description of the committee’s activities for the fiscal year
  A.1.11.8b         Pengungkapan terkait Komite lain yang dimiliki Perusahaan dalam rangka mendukung fungsi
                    dan tugas Direksi ( jika ada) dan/atau komite yang mendukung fungsi dan tugas Dewan
                    Komisaris:
                                                                                                                 664-678
                    Disclosure regarding other committees owned by the Company to support the functions and
                    duties of the Board of Directors (if any) and/or committees that support the functions and
                    duties of the Board of Commissioners:
  A.1.11.8b..       Apakah perusahaan memiliki komite lain dalam mendukung fungsi dan tugas Direksi dan/atau
                    Dewan Komisaris?                                                                             664-678
                    Does the company have other committees to support the functions and duties of the Board of
                    Directors and/or Board of Commissioners?
  A.1.11.8b.a       Nama dan jabatannya dalam keanggotaan komite                                                 135-140
                    Names and positions of the committee members                                                 149-150
                                                                                                                 669-670




834   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 835
                                                                                                               Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                               Reference of POJK, SEOJK and ARA Criteria




   Nomor                                                Pertanyaan ARA                                                           Halaman
   Number                                                   ARA Question                                                             Page

A.1.11.8b.b    Usia                                                                                                               135-140
               Age                                                                                                                149-150
A.1.11.8b.c    Kewarganegaraan                                                                                                    135-140
               Nationality                                                                                                        149-150
A.1.11.8b.d    Riwayat Pendidikan                                                                                                 135-140
               Education history                                                                                                  149-150
A.1.11.8b.e    Riwayat jabatan                                                                                                    135-140
               Position history                                                                                                   149-151
A.1.11.8b.e1   Dasar hukum penunjukan sebagai anggota komite                                                                        669
               Legal basis for appointment as a committee member                                                                  675-676
A.1.11.8b.e2   Rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota
               komite serta jabatan lainnya ( jika ada)                                                                           135-140
               Concurrent positions as members of the Board of Commissioners, members of the Board of                             149-150
               Directors and/or members of committees as well as other positions (if any)
A.1.11.8b.e3   Catatan: Dalam hal tidak ada rangkap jabatan, maka diungkapkan mengenai hal tersebut                               135-140
               Note: If there are no concurrent positions, this will be disclosed                                                 149-150
A.1.11.8b.e4   Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan                                  135-140
               Work experience both inside and outside the Issuer or Public Company                                               149-150
A.1.11.8b.f    Periode dan masa jabatan anggota komite lain                                                                      669-670
               Period and tenure of other Committee members                                                                      675-676
A.1.11.8b.g    Pernyataan independensi komite                                                                                        672
               Statement of Committee independence                                                                                   677
A.1.11.8b.h    Pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku ( jika ada)                          672-673
               Training and/or competency improvement that has been followed in the fiscal year (if any)                          206-211
                                                                                                                                  212-218
A.1.11.8b.i    Uraian tugas dan tanggung jawab
                                                                                                                                 665-669
               Description of duties and responsibilities
A.1.11.8b.j    Pernyataan bahwa telah memiliki pedoman atau piagam (charter)
                                                                                                                                  664-678
               Statement that it has established committee guidelines or charter
A.1.11.8b.k    Kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat
               tersebut
                                                                                                                                    672
               Policy and implementation of committee meeting frequency and level of attendance of
                                                                                                                                  676-677
               committee
               members at the meetings
A.1.11.8b.l    Uraian singkat pelaksanaan kegiatan pada tahun buku                                                                   672
               A brief description of the committee’s activities in the fiscal year                                                  677
A.1.11.9       Pengungkapan terkait Sekretaris perusahaan
                                                                                                                                  678-688
               Disclosures regarding the company secretary
A.1.11.9.a     Nama
                                                                                                                                      149
               Name
A.1.11.9.b     Domisili
                                                                                                                                      149
               Domicile
A.1.11.9.c     Riwayat jabatan
                                                                                                                                      149
               Position history
A.1.11.9.c1    Dasar hukum penunjukan sebagai Sekretaris Perusahaan
                                                                                                                                      149
               Legal basis for appointment as Corporate Secretary
A.1.11.9.c2    Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                                      149
               Work experience both inside and outside the Public Company
A.1.11.9.d     Riwayat Pendidikan
                                                                                                                                      149
               Education history
A.1.11.9.e     Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku                                               684
               Training and/or competence improvement followed during the fiscal year                                                205
A.1.11.9.f     Uraian singkat pelaksanaan tugas sekretaris perusahaan pada tahun buku
                                                                                                                                 682-684
               A brief description of the Corporate Secretary activities in the fiscal year




                                                                                          Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                     835
Page 836
      Nomor                                                   Pertanyaan ARA                                             Halaman
      Number                                                     ARA Question                                             Page

  A.1.14            Governansi Perusahaan 4
                    Corporate Governance 4
  A.1.11.10         Pengungkapan terkait Unit Audit Internal, paling sedikit memuat
                                                                                                                         688-702
                    Disclosures related to the Internal Audit Unit contain at least
  A.1.11.10.a       Nama kepala unit audit internal                                                                       150
                    Name of the Internal Audit Unit head                                                                  689
  A.1.11.10.b       Riwayat jabatan
                                                                                                                           150
                    Position history
  A.1.11.10.b1a     Dasar hukum penunjukan sebagai kepala Unit Audit Internal
                                                                                                                           150
                    The legal basis for the appointment as Internal Audit Unit head
  A.1.11.10.b1      Pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Perusahaan
                                                                                                                           150
                    Work experience with its period both inside and outside of the Company
  A.1.11.10.c       Kualifikasi atau sertifikasi sebagai profesi audit internal ( jika ada)
                                                                                                                         693-694
                    Professional internal audit qualifications or certifications (if any)
  A.1.11.10.d       Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku                                694
                    Training and/or competency improvement to be followed during the fiscal year                         218-224
  A.1.11.10.e       Struktur dan kedudukan Unit Audit Internal
                                                                                                                         692-693
                    Structure and positions within the Internal Audit Unit
  A.1.11.10.f       Uraian tugas dan tanggung jawab
                                                                                                                         689-691
                    Duties and responsibilities description
  A.1.11.10.g       Pernyataan bahwa telah memiliki pedoman atau piagam (charter) Unit Audit Internal
                                                                                                                         688-689
                    Statement that it has established Internal Audit Unit guidelines or charter
  A.1.11.10.h       Uraian singkat pelaksanaan tugas unit audit internal pada tahun buku termasuk kebijakan dan
                    pelaksanaan frekuensi rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit;
                    A brief description of the implementation of the internal audit unit’s duties for the fiscal year,
                                                                                                                         694-701
                    including the policy and implementation of the frequency of meetings with the Board of
                    Directors,
                    Board of Commissioners, and/or audit committee;
  A.1.11.11         Uraian mengenai sistem pengendalian internal (internal control) yang diterapkan oleh
                    Perusahaan                                                                                           747-750
                    Description of the internal control system applied by the Company
  A.1.11.11.a       Pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-
                    undangan lainnya                                                                                     747-750
                    Financial and operational control, and compliance with other laws and regulations
  A.1.11.11.b       Tinjauan atas efektivitas sistem pengendalian internal
                                                                                                                           750
                    Review of the internal control system effectiveness
  A.1.11.11.c       Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal
                    Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the               750
                    internal control system
  A.1.11.12         Uraian mengenai sistem manajemen risiko yang diterapkan oleh Perusahaan
                                                                                                                         705-746
                    Description of the risk management system implemented by the Company
  A.1.11.12.a       Gambaran umum mengenai sistem manajemen risiko Perusahaan
                                                                                                                         707-709
                    A general description of the Company risk management system
  A.1.11.12.b       Jenis risiko dan cara pengelolaannya
                                                                                                                         717-739
                    Risks types and their management
  A.1.11.12.c       Tinjauan atas efektivitas sistem manajemen risiko Perusahaan
                                                                                                                           740
                    Review of the Company risk management system effectiveness
  A.1.11.12.d       Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem
                    manajemen risiko
                                                                                                                         745-746
                    Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the
                    risk management system
  A.1.11.14         Informasi tentang sanksi administratif/sanksi yang dikenakan kepada Perusahaan, anggota
                    Dewan Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada
                    tahun buku
                                                                                                                           755
                    Information on administrative sanctions/sanctions imposed on Issuers or Public Companies,
                    members of the Board of Commissioners and members of the Board of Directors, by the
                    Financial Services Authority and other authorities for the fiscal year (if any)
  A.1.11.15         Informasi mengenai kode etik Perusahaan
                                                                                                                         759-763
                    Information regarding the Company code of ethics




836   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 837
                                                                                                           Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                           Reference of POJK, SEOJK and ARA Criteria




   Nomor                                             Pertanyaan ARA                                                          Halaman
   Number                                                 ARA Question                                                           Page

A.1.11.15.a    Pokok-pokok kode etik
                                                                                                                              759-760
               Code of ethics content
A.1.11.15.b    Bentuk sosialisasi kode etik dan upaya penegakannya
                                                                                                                                  761
               Form of code of ethics socialization and enforcement efforts
A.1.11.15.c    Pernyataan bahwa kode etik berlaku bagi anggota Direksi, anggota Dewan Komisaris, dan
               karyawan Perusahaan
                                                                                                                              760-761
               Statement that the code of ethics applies to members of the Board of Directors, Board of
               Commissioners, and employees of the Company
A.1.11.16      Dalam hal terdapat pemberian kompensasi berupa program kepemilikan saham oleh
               manajemen (management stock ownership program/MSOP) dan/atau program kepemilikan
               saham oleh karyawan (employee stock ownership program/ESOP), informasi yang
               diungkapkan paling sedikit memuat: (atas point A.1.11.16)                                                          751
               If there is compensation provided in the form of a share ownership program by management
               (management stock ownership program/MSOP) and/or an employee stock ownership program
               (ESOP), the information disclosed must contain at least (at point A.1.11.16)
A.1.11.16.a    Uraian singkat mengenai kebijakan pemberian kompensasi jangka panjang berbasis kinerja
               kepada manajemen dan/atau karyawan yang dimiliki oleh Perusahaan ( jika ada), antara lain
               berupa program kepemilikan saham oleh manajemen (management stock ownership program/
               MSOP) dan/atau program kepemilikan saham oleh karyawan (employee stock ownership
               program/ESOP)                                                                                                      751
               A brief description of the policy of providing long-term performance-based compensation to
               management and/or employees owned by the Issuer or Public Company (if any), including the
               management stock ownership program (MSOP) and/or employee stock ownership program
               (ESOP);
A.1.11.16.b    Apakah terdapat pemberian kompensasi jangka panjang berbasis kinerja kepada manajemen
               dan/atau karyawan dalam tahun buku?
                                                                                                                                  751
               Is there long-term performance-based compensation provided to management and/or
               employees in the financial year?
A.1.11.16.c    Dalam hal terdapat pemberian kompensasi berupa program kepemilikan saham oleh
               manajemen (management stock ownership program/MSOP) dan/atau program kepemilikan
               saham oleh karyawan (employee stock ownership program/ESOP), informasi yang
               diungkapkan paling sedikit memuat:                                                                                384
               In terms of providing compensation in the form of a management stock ownership program
               (MSOP) and/or an employee stock ownership program (ESOP), the information disclosed must
               at least contain:
A.1.11.16.c1   jumlah saham dan/atau opsi
                                                                                                                                 384
               number of shares and/or options
A.1.11.16.c2   jangka waktu pelaksanaan
                                                                                                                                 384
               implementation period
A.1.11.16.c3   persyaratan karyawan dan/atau manajemen yang berhak
                                                                                                                                 384
               requirements for eligible employees and/or management
A.1.11.16.c4   harga pelaksanaan atau penentuan harga pelaksanaan
                                                                                                                                 384
               exercise price or determination of exercise price
A.1.11.17      Uraian singkat mengenai kebijakan pengungkapan informasi mengenai
                                                                                                                                  757
               A brief description of the information disclosure policy regarding
A.1.11.17.a    Kepemilikan saham anggota Direksi dan anggota Dewan Komisaris paling lambat 3 (tiga)
               hari kerja setelah terjadinya kepemilikan atau setiap perubahan kepemilikan atas saham
                                                                                                                                 232
               Perusahaan Terbuka
                                                                                                                                 757
               Share ownership of members of the Board of Directors and members of the Board of
               Commissioners no later than 3 (three) working days after the occurrence of ownership or any
               change in ownership of shares of a Public Company
A.1.11.17.b    Pelaksanaan atas kebijakan dimaksud                                                                               232
               Implementation of the policy in question                                                                          757
A.1.11.18      Uraian mengenai sistem pelaporan pelanggaran (whistleblowing system) di Perusahaan:
                                                                                                                              779-784
               Description of the whistleblowing system in the Company
A.1.11.18.a    Cara penyampaian laporan pelanggaran
                                                                                                                                  781
               Violation report submission
A.1.11.18.b    Perlindungan bagi pelapor
                                                                                                                                 782
               Protection for whistleblowers
A.1.11.18.c    Penanganan pengaduan
                                                                                                                                 782
               Complaint handling




                                                                                      Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  837
Page 838
         Nomor                                                Pertanyaan ARA                                           Halaman
         Number                                                  ARA Question                                           Page

      A.1.11.18.d       Pihak yang mengelola pengaduan
                                                                                                                         783
                        The party managing the complaint
      A.1.11.18.e       Hasil dari penanganan pengaduan:
                                                                                                                       783-784
                        Complaint handling results:
      A.1.11.18.e1      Jumlah pengaduan yang masuk dan diproses dalam tahun buku
                                                                                                                       783-784
                        Number of complaints received and processed during the fiscal year
      A.1.11.18.e2      Tindak lanjut pengaduan
                                                                                                                         784
                        Complaint follow up
      A.1.11.18.e3      Catatan: Dalam hal Perusahaan tidak memiliki sistem pelaporan pelanggaran (whistleblowing
                        system), maka diungkapkan mengenai hal tersebut. (atas point A.1.11.18)
                                                                                                                          -
                        Note: If the Company does not have a whistleblowing system, this matter must be disclosed.
                        (at point A.1.11.18)
      A.1.11.19         Uraian mengenai kebijakan anti korupsi Perusahaan
                                                                                                                       763-766
                        A description of the anti-corruption policy of the Company
      A.1.11.19.a       Program dan prosedur yang dilakukan
                                                                                                                       764-766
                        Programs and procedures implemented
      A.1.11.19.b       Pelatihan/sosialisasi anti korupsi kepada karyawan Perusahaan
                                                                                                                       763-764
                        Anti-corruption training/socialization to employees of the Company
      A.1.11.19.c       Catatan: Dalam hal Perusahaan tidak memiliki kebijakan anti korupsi, maka dijelaskan alasan
                        tidak dimilikinya kebijakan dimaksud (atas point A.1.11.19)
                                                                                                                          -
                        Note: If the Company does not have an anti-corruption policy, the reasons for not having the
                        said policy must be explained (at point A.1.11.19)
      A.1.11.20a        Penerapan atas pedoman governansi Perusahaan Terbuka bagi Emiten yang menerbitkan efek
                        bersifat ekuitas atau Perusahaan Publik, meliputi:
                                                                                                                       464-467
                        Implementation of Code of Corporate Governance guidelines by the Issuer that issues equity
                        securities or the Public Company, including:
      A.1.11.20a.a      Pernyataan mengenai rekomendasi yang telah dilaksanakan
                                                                                                                       464-467
                        Statement regarding recommendations have been implemented
      A.1.11.20a.b      Bukti/penjelasan yang menunjukkan bahwa perusahaan telah menerapkan rekomendasi
                        tersebut                                                                                       464-467
                        Evidence/explanation showing that the company has implemented these recommendations
      A.1.11.20a.c      Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif
                        Description of the recommendations that have not been implemented, the reasons, and the        464-467
                        implementation alternatives
      A.1.11.20b        Pengungkapan terkait penerapan atas pedoman governansi Perusahaan dengan pendekatan
                        "comply or explain" atau "apply or explain", meliputi:
                                                                                                                       464-467
                        Disclosures related to the implementation of the Company's governance guidelines using the
                        "comply or explain" or "apply or explain" approach, include:
      A.1.11.20b.a      Pernyataan mengenai rekomendasi yang telah dilaksanakan
                                                                                                                       464-467
                        Statement regarding recommendations have been implemented
      A.1.11.20b.b      Bukti/penjelasan yang menunjukkan bahwa perusahaan telah menerapkan rekomendasi
                        tersebut                                                                                       464-467
                        Evidence/explanation showing that the company has implemented these recommendations
      A.1.11.20b.c      Penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif
                        Description of the recommendations that have not been implemented, the reasons, and the        464-467
                        implementation alternatives




838      Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 839
                                                                                                            Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                            Reference of POJK, SEOJK and ARA Criteria




  Nomor                                            Pertanyaan ARA                                                             Halaman
  Number                                              ARA Question                                                                Page

BONUS & PENALTI
BONUS & PENALTY
B.A        Pertanyaan Bonus
           Bonus Question
B.A.1      Jenis keputusan yang memerlukan persetujuan Dewan Komisaris (PUGKI 1.3.2)
                                                                                                                              559-560
           Types of decisions that require approval from the Board of Commissioners (PUGKI 1.3.2)
B.A.2      Rincian tugas Komisaris Utama (PUGKI 1.3.13.1)
                                                                                                                               530-531
           Details of the duties of the President Commissioner (PUGKI 1.3.13.1)
B.A.3      Tanggung jawab Komite Audit dalam pemberian rekomendasi atas penunjukan dan
           pemberhentian auditor eksternal (ASEAN CG ScoreCard E.2.24)
                                                                                                                                   614
           Responsibility of the Audit Committee in providing recommendations for the appointment and
           dismissal of external auditors (ASEAN CG ScoreCard E.2.24)
B.A.4      Sertifikasi profesi (misalnya dalam bidang Risiko, Akuntansi, Perpajakan, IT, Hukum) yang
           dimiliki oleh (Kriteria tambahan ARA 2019)
                                                                                                                               202-218
           Professional certification (for example in the sector of Risk, Accounting, Taxation, IT, Law) held
           by (2019 ARA additional criteria)
B.A.4.a    Komite Audit                                                                                                         141-143
           Audit Committee                                                                                                       202
B.A.4.b    Komite Nominasi dan Remunerasi                                                                                      144-145
           Nomination and Remuneration Committee                                                                                 203
B.A.4.c    Komite Manajemen Risiko                                                                                            146-148
           Risk Management Committee                                                                                          203-204
B.A.4.d    Komite Lainnya                                                                                                      135-140
           Other Committee                                                                                                     149-150
                                                                                                                               206-218
B.A.5      Deskripsi proses governansi terkait isu IT termasuk disruption (gangguan), cyber security
           (keamanan dunia maya), dan disaster recovery (pemulihan bencana) untuk memastikan semua
           risiko utama telah diidentifikasi, dikelola, dan dilaporkan pada Direksi (ASEAN CG Score Card
           B.E.5.1)                                                                                                            791-792
           Description of governance processes related to IT issues including disruption, cyber security,
           and disaster recovery to ensure all major risks have been identified, managed, and reported to
           the Board of Directors (ASEAN CG Score Card B.E.5.1)
B.A.6      Kebijakan untuk mencegah terjadinya insider trading. (Aturan yang jelas mengenai
           perdagangan apa pun dalam saham korporasi yang dilakukan oleh Direktur, Komisaris dan
           orang dalam untuk memastikan bahwa siapapun tidak boleh mendapatkan keuntungan secara
           langsung atau tidak langsung dari informasi yang tidak/belum tersedia di pasar) (PUKGI 7.2.3)                          785
           Policy to prevent insider trading. (Clear rules regarding any trading in corporate shares carried
           out by Directors, Commissioners and insiders to ensure that anyone cannot profit directly or
           indirectly from information that is not/not yet available on the market) (PUKGI 7.2.3)
B.A.7      Kebijakan penghargaan/kompensasi yang memperhitungkan kinerja perusahaan jangka
           panjang (ASEAN CG Score Card C.3.3)
                                                                                                                                   751
           Reward/compensation policy that takes into account long-term company performance (ASEAN
           CG Score Card C.3.3)
B.A.8      Kebijakan untuk melakukan penelaahan dan persetujuan transaksi dengan pihak berelasi
           yang material/signifikan (ASEAN CG Score Card D.3.1)
                                                                                                                               401-403
           Policy for reviewing and approving transactions with material/significant related parties
           (ASEAN CG Score Card D.3.1)
B.A.9      Kebijakan terkait perencanaan atas suksesi anggota Direksi dan manajemen kunci (ASEAN CG
           Score Card E.5.3)
                                                                                                                               642-643
           Policy related to planning for the succession of members of the Board of Directors and key
           management (ASEAN CG Score Card E.5.3)
B.A.10.a   Kerangka pelaporan berkelanjutan yang diakui secara internasional (contoh: GRI, Integrated
           Reporting, SASB) yang diadopsi oleh Perusahaan
                                                                                                                                  796
           An internationally recognized sustainability reporting framework (e.g. GRI, Integrated
           Reporting, SASB) adopted by the Company




                                                                                       Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                  839
Page 840
      Nomor                                                Pertanyaan ARA                                            Halaman
      Number                                                 ARA Question                                             Page

  B.B.0             Pertanyaan Tambahan
                    Additional Questions
  B.B.1             Apakah korporasi menerbitkan laporan tahunan secara terintegrasi yang menempatkan kinerja
                    historis ke dalam konteks dan menggambarkan risiko, peluang, dan prospek korporasi di masa
                    depan, sehingga membantu pemegang saham dan pemangku kepentingan memahami tujuan
                    strategis korporasi dan kemajuannya dalam menciptakan nilai yang berkelanjutan? Uraikan
                    dengan singkat (PUGKI 6.2.4)
                    Does the corporation publish an integrated annual report that puts historical performance into
                    context and describes the corporation's risks, opportunities and future prospects, thereby
                    helping shareholders and stakeholders understand the corporation's strategic objectives and         3
                    its progress in creating sustainable value? Describe briefly (PUKGI 6.2.4)                       294-416
                    Penjelasan: Perseroan menerbitkan laporan tahunan dan laporan keberlanjutan dalam buku             796
                    terpisah namun masih menjadi satu kesatuan yang tidak terpisahkan (terintegrasi). Informasi
                    tersebut telah dijabarkan dalam laporan tahunan pada Bab Analisa dan Pembahasan
                    Manajemen halaman 294-416 dan Laporan Keberlanjutan.
                    Explanation: The Company publishes the annual report and sustainability report in separate
                    books but they are still an inseparable (integrated) whole. The information has been described
                    in the annual report in the Management Discussion and Analysis Chapter pages 294-416 and
                    the Sustainability Report.
  B.B.2             Pengungkapan kerangka governansi, pengelolaan dan pengendalian aspek perpajakan di
                    perusahaan (GRI)
                    Disclosure of governance framework, management and control of tax aspects in companies
                    (GRI)
                                                                                                                       796
                    Penjelasan: Berkaitan dengan kerangka governansi, pengelolaan, dan pengendalian aspek
                    perpajakan di Perseroan, termuat dalam Laporan Keberlanjutan.
                    Explanation: Relating to the governance framework, management, and control of taxation
                    aspects in the Company, contained in the Sustainability Report.
  B.B               Pertanyaan Penalti
                    Penalty Question
  B.C.1             Tanggal penerbitan Laporan Keuangan Tahunan (ASEAN CG Score Card B.D.1.1 & Peraturan
                    OJK)
                    Date of publication of Annual Financial Report (ASEAN CG Score Card B.D.1.1 & OJK
                    Regulations)
                                                                                                                       846
                    Penjelasan: Laporan Keuangan dirilis tanggal 4 Maret 2024, sesuai dengan Penyampaian
                    Perseroan ke Otoritas Jasa Keuangan dan Bursa Efek Indonesia
                    Explanation: Financial Statements released on March 4, 2024, in accordance with the
                    Company's Submission to the Financial Services Authority and the Indonesia Stock Exchange.
  B.C.2             Tanggal penerbitan Laporan Tahunan (ASEAN CG Score Card B.D.1.1 & Peraturan OJK)
                                                                                                                      84-85
                    Annual Report publication date (ASEAN CG Score Card B.D.1.1 & OJK Regulations)
  B.C.3             Opini auditor independen atas laporan keuangan perusahaan
                                                                                                                       847
                    Independent auditor's opinion on the company's financial statements




840   Laporan Tahunan 2023 | PT Jasa Marga (Persero) Tbk
Page 841
                                                                                                          Referensi POJK, SEOJK, dan Kriteria ARA
                                                                                                          Reference of POJK, SEOJK and ARA Criteria




  Nomor                                           Pertanyaan ARA                                                            Halaman
  Number                                            ARA Question                                                                Page

B.C.4      Apakah terjadi perdagangan orang dalam yang melibatkan Direksi/Komisaris, manajemen dan
           karyawan dalam tiga tahun terakhir? (ASEAN CG Score Card P.B.1.1)
                                                                                                                                785
           Have there been insider trading involving Directors/Commissioners, management and
           employees in the last three years? (ASEAN CG Score Card P.B.1.1)
B.C.5      Apakah ada kasus ketidakpatuhan terhadap hukum, aturan dan peraturan yang berkaitan
           dengan transaksi pihak berelasi yang signifikan atau material dalam tiga tahun terakhir?
           (ASEAN CG Score Card P.B.2.1)
                                                                                                                                 751
           Have there been any significant or material cases of non-compliance with laws, rules and
           regulations relating to related party transactions in the last three years? (ASEAN CG Score
           Card P.B.2.1)
B.C.6      Apakah telah terjadi pelanggaran hukum apa pun yang berkaitan dengan masalah
           perburuhan/ ketenagakerjaan/ konsumen/ kepailitan/ komersial/ persaingan atau lingkungan
           (P.C.1.1)                                                                                                            755
           Whether there has been a violation of any law relating to labor/employment/consumer/
           insolvency/commercial/competition or environmental matters (P.C.1.1)
B.C.7      Apakah Perusahaan menghadapi sanksi dari regulator karena tidak membuat pengumuman
           dalam jangka waktu yang ditentukan untuk peristiwa penting (material event)? (ASEAN CG
           Score Card P.C.2.1)                                                                                                  755
           Does the Company face sanctions from regulators for not making an announcement within the
           specified time period for a material event? (ASEAN CG Score Card P.C.2.1)
B.C.8      Apakah Perusahaan memperoleh putusan bersalah dari pengadilan pajak tertinggi terkait
           masalah perpajakan apapun selama tiga tahun terakhir
                                                                                                                                755
           Whether the Company obtained a guilty verdict from the highest tax court regarding any tax
           matters during the last three years
B.C.9      Apakah ada bukti bahwa Perusahaan tidak mematuhi aturan dan peraturan pencatatan apa
           pun selama setahun terakhir selain dari aturan pengungkapan? (P.E.1.1)
                                                                                                                                755
           Whether the Company obtained a guilty verdict from the highest tax court regarding any tax
           matters during the last three years




                                                                                     Annual Report 2023 | PT Jasa Marga (Persero) Tbk
                                                                                                                                                 841
Page 842
09
Laporan
Keuangan
Konsolidasian
Consolidated Financial
Statement
Page 843

          
Page 844
                                                                    `




PT JASA MARGA (PERSERO) Tbk            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                  AND SUBSIDIARIES

Laporan Keuangan Konsolidasian          Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir pada                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022            December 31, 2023 and 2022
Page 845
 PT JASA MARGA (PERSERO) Tbk                                                                              PT JASA MARGA (PERSERO) Tbk
 DAN ENTITAS ANAK                                                                                                    AND SUBSIDIARIES


 Daftar Isi                                                                                                                      Table of Contents

                                                                              Halaman/
                                                                               Pages

  Surat Pernyataan Direksi                                                                                          Directors’ Statement Letter

  Laporan Auditor Independen                                                                                    Independent Auditor’s Report

  Laporan Keuangan Konsolidasian                                                                         Consolidated Financial Statements
  Untuk Tahun-tahun yang Berakhir pada                                                                                For the Years Ended
  Tanggal 31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022




Laporan Posisi Keuangan                                                                                                      Consolidated Statements of
    Konsolidasian .........................................................   1-3   ..................................................Financial Position

Laporan Laba Rugi dan Penghasilan                                                                      Consolidated Statements of Profit or Loss
    Komprehensif Lain Konsolidasian.............................               4    ....................... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian .....................                  5    ........... Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian .....................................           6    ..................... Consolidated Statements of Cash Flows

Catatan atas Laporan Keuangan                                                                                Notes to the Consolidated
    Konsolidasian ........................................................... 7 – 221 ............. ……………………….Financial Statement
Page 846
Catatan terlampir merupakan bagian yang tidak terpisahkan dari       The accompanying notes from an integral part of these
laporan keuangan konsolidasian secara keseluruhan.                      consolidated financial statements taken as a whole.
                                                                 2
Page 847

          
Page 848

          
Page 849

          
Page 850

          
Page 851

          
Page 852

          
Page 853

          
Page 854
 PT JASA MARGA (PERSERO) Tbk                                                                               PT JASA MARGA (PERSERO) Tbk
 DAN ENTITAS ANAK                                                                                                       AND SUBSIDIARIES
 LAPORAN POSISI KEUANGAN                                                                                     CONSOLIDATED STATEMENTS
 KONSOLIDASIAN                                                                                                     OF FINANCIAL POSITION
 Tanggal 31 Desember 2023 dan 2022                                                                         As of December 31, 2023 and 2022
 (Disajikan dalam jutaan Rupiah,                                                                              (Expressed in millions of Rupiah,
 kecuali dinyatakan lain)                                                                                             unless otherwise stated)

                                                          Catatan/
                                                           Notes                  2023               2022 *)

ASET                                                                                                                                                   ASSETS
ASET LANCAR                                                                                                                                    CURRENT ASSETS
                                                    2.e, 2.q, 2.u, 4, 44.a,
Kas dan setara kas                                                                       4.438.951       8.429.118                      Cash and cash equivalents
                                                              48.e
Investasi jangka pendek                                 2.f, 2.q, 5, 48.e                1.360.795       2.394.007                          Short-term investments
                                                    2.f, 2.q, 6, 44.a,48.a,
Piutang lain-lain                                                                        1.266.347       1.224.992                                Other receivables
                                                              48.e
Persediaan                                                    2.g, 7                      119.490              98.627                                 Inventories
Biaya dibayar dimuka dan uang muka                              8                          95.910              68.276              Prepaid expenses and advances
Pajak dibayar dimuka                                        2.o, 18.a                     134.956              86.149                               Prepaid taxes
                                                    2.e, 2.f, 2.q, 9, 44.a,
Dana dibatasi penggunaannya                                                               558.326              71.043                               Restricted funds
                                                               48.e
TOTAL ASET LANCAR                                                                        7.974.775      12.372.212                     TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                                                                        NON-CURRENT ASSETS
                                                   2.d, 2.p, 6, 44.a,48.a,
Piutang lain-lain                                                                         275.000          115.000                                Other receivables
                                                              48.e
                                                    2.e, 2.f, 2.q, 9, 44.a,
Dana dibatasi penggunaannya                                                               292.783          165.776                                  Restricted funds
                                                              48.e
Investasi pada entitas asosiasi dan                                                                                                   Investment in associates and
  ventura bersama - neto                                   2.h, 10                       6.155.705       8.974.143                              joint ventures - net
Aset tetap - neto                                          2.i, 11                         474.401         360.716                                  Fixed asset - net
Properti investasi - neto                                  2.j, 12                         751.557         604.289                       Investment properties - net
Aset takberwujud - neto                                                                                                                       Intangible assets - net
  Hak pengusahaan jalan tol                                 2.l, 13                 111.246.294         66.979.662                     Toll road concession rights
  Lainnya                                                   2.k, 14                     109.573             81.074                                           Others
Goodwill                                                 2.d, 2.m, 15                    41.849             41.849                                          Goodwill
Aset keuangan lainnya - neto                               16, 48.e                     246.677            349.695                       Other financial assets - net
Aset tidak lancar lainnya - neto                           2.n, 17                    1.720.233          1.094.766                    Other non-current assets - net
Aset derivatif                                           2.q, 2.r, 31                    23.142                  -                                  Derivative assets
TOTAL ASET TIDAK LANCAR                                                              121.337.214        78.766.970               TOTAL NON-CURRENT ASSETS
TOTAL ASET                                                                           129.311.989        91.139.182                                 TOTAL ASSETS

*)Direklasifikasi, lihat catatan 50                                                                                                     *)Reclassified, see note 50




 Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                The accompanying notes from an integral part of these
 laporan keuangan konsolidasian secara keseluruhan.                                                               consolidated financial statements taken as a whole.
                                                                              1
Page 855
 PT JASA MARGA (PERSERO) Tbk                                                                                 PT JASA MARGA (PERSERO) Tbk
 DAN ENTITAS ANAK                                                                                                         AND SUBSIDIARIES
 LAPORAN POSISI KEUANGAN                                                                                       CONSOLIDATED STATEMENTS
 KONSOLIDASIAN                                                                                                       OF FINANCIAL POSITION
 Pada Tanggal 31 Desember 2023 dan 2022                                                                      As of December 31, 2023 and 2022
 (Disajikan dalam jutaan Rupiah,                                                                                (Expressed in millions of Rupiah,
 kecuali dinyatakan lain)                                                                                               unless otherwise stated)

                                                          Catatan/
                                                           Notes                   2023               2022

LIABILITAS DAN EKUITAS                                                                                                                LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK                                                                                                                 CURRENT LIABILITIES
                                                   2.f, 2.q, 19, 44.a, 48.c,
Utang usaha                                                                                179.230           134.726                            Accounts payable
                                                              48.e

Utang kontraktor                                   2.f, 2.q, 20, 44.a, 48.e                560.316           457.783                          Contractors payable

Utang pajak                                                2.o, 18.b                        363.898       785.809                                  Taxes payable
Beban akrual                                          2.q, 22, 48.c, 44.a                 8.120.532     5.224.379                              Accrued expenses
Utang bank                                          2.f, 2.q, 23, 44.a, 48.e              4.499.415     1.853.174                                     Bank loans
                                                   2.f, 2.q, 24, 44.a, 48.c,
Utang lembaga keuangan bukan bank                                                          908.102                 -          Non-bank financial institutions loan
                                                              48.e
Liabilitas jangka panjang yang                                                                                                               Current maturities of
  jatuh tempo dalam satu tahun:                                                                                                             long-term liabilities:
                                                   2.f, 2.q, 23, 44.a, 48.e,
    Utang bank                                                                            5.072.042          360.177                               Bank loans
                                                               48.c
                                                   2.f, 2.q, 24, 44.a, 48.c,
    Utang lembaga keuangan bukan bank                                                      200.000                 -      Non-bank financial institutions loan
                                                              48.e
    Utang obligasi                                    2.q, 25, 48.e, 48.c                         -     1.100.350                             Bonds payable
    Liabilitas pembebasan tanah                    2.f, 2.q, 26, 48.c, 48.e               1.298.843       838.542                 Land acquisition liabilities
    Liabilitas sewa                                2.i, 2.n, 27, 48.c, 48.e                  72.631        29.379                            Lease liabilities
    Provisi pelapisan jalan tol                           2.l, 2.w, 28                      541.854       493.242                       Provision for overlay
    Pendapatan diterima dimuka                                  29                           46.724       139.659                          Unearned revenue
    Liabilitas imbalan kerja                                2.p, 30                           1.794         1.794                 Employee benefits liability
Liabilitas keuangan jangka pendek lainnya          2.f, 2.q, 21, 48.c, 48.e                 955.782       723.974             Other short-term financial liabilities
TOTAL LIABILITAS JANGKA PENDEK                                                        22.821.163       12.142.988                TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG                                                                                                          NON-CURRENT LIABILITIES
Liabilitas pajak tangguhan                                 2.o, 18.c                      5.651.292     1.634.980                           Deferred tax liabilities
                                                   2.f, 2.q, 20, 44.a, 48.c,
Utang kontraktor jangka panjang                                                            488.130           213.454               Long-term contractors payable
                                                              48.e
                                                   2.f, 2.q, 22, 44.a, 48.c,
Beban akrual jangka panjang                                                                715.029           693.945                 Long-term accrued expenses
                                                              48.e
Liabilitas jangka panjang - setelah                                                                                                   Long-term liabilities - net of
  dikurangi bagian yang jatuh                                                                                                                current maturities:
  tempo dalam satu tahun:
    Utang bank                                      2.f, 2.q, 23, 44.a, 48.e          57.046.445       46.687.743                                  Bank loans
                                                   2.f, 2.q, 24, 44.a, 48.c,
    Utang lembaga keuangan bukan bank                                                             -          200.000      Non-bank financial institutions loan
                                                              48.e
    Utang obligasi                                    2.q, 25, 48.c, 48.e                  897.353           895.770                          Bonds payable
    Liabilitas pembebasan tanah                        2.f, 2.q, 26, 48.e                  251.067           859.008              Land acquisition liabilities
    Liabilitas sewa                                2.h, 2.n, 27, 48.c, 48.e                 57.385            91.114                         Lease liabilities
    Provisi pelapisan jalan tol                           2.l, 2.w, 28                     731.649           475.964                    Provision for overlay
    Pendapatan diterima dimuka                                  29                          73.683                 -                      Unearned revenue
    Liabilitas imbalan kerja                                                                                                    Long-term employee benefits
         jangka panjang                                    2.p, 30                        1.316.108     1.256.108                                 liabilities
Liabilitas derivatif                                     2.q, 2.r, 31                        67.171        90.748                            Derivative liabilities
Liabilitas jangka panjang lainnya                      2.q, 48.c, 48.e                      284.308       275.971                       Other long term liabilities
TOTAL LIABILITAS JANGKA PANJANG                                                       67.579.620       53.374.805          TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITAS                                                                      90.400.783       65.517.793                            TOTAL LIABILITIES




 Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                              The accompanying notes from an integral part of these
 laporan keuangan konsolidasian secara keseluruhan.                                                             consolidated financial statements taken as a whole.
                                                                               2
Page 856
 PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
 DAN ENTITAS ANAK                                                                                                   AND SUBSIDIARIES
 LAPORAN POSISI KEUANGAN                                                                                 CONSOLIDATED STATEMENTS
 KONSOLIDASIAN                                                                                                 OF FINANCIAL POSITION
 Pada Tanggal 31 Desember 2023 dan 2022                                                                As of December 31, 2023 and 2022
 (Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
 kecuali dinyatakan lain)                                                                                         unless otherwise stated)

                                                         Catatan/
                                                          Notes            2023                 2022

EKUITAS                                                                                                                                                EQUITY
Ekuitas yang Dapat Diatribusikan                                                                                                       Equity Attributable to
 kepada Pemilik Entitas Induk                                                                                                Owners of the Parent Entity
   Modal saham - nilai nominal Rp500                                                                                     Capital stock - Rp500 par value
      (rupiah penuh) per saham                                                                                                 (full amount) per share
   Modal dasar 19.040.000.000 saham                                                                                 Authorized - 19,040,000,000 shares
   Modal ditempatkan dan disetor                                                                                      Issued and fully paid - 1 series A
      penuh - 1 saham seri A Dwiwarna                                                                                             Dwiwarna share and
      dan 7.257.871.199 saham seri B                        32                     3.628.936      3.628.936           7,257,871,199 series B shares
   Tambahan modal disetor - neto                            33                     3.997.085      3.997.085               Additional paid in capital - net
   Selisih atas transaksi entitas                                                                                       Difference from non-controlling
      non-pengendali                                                                (51.064)           (46.482)                     interest transaction
   Saldo laba                                                                                                                           Retained earnings
      Telah ditentukan penggunaannya                                               8.971.304      8.971.304                                Appropriated
      Belum ditentukan penggunaannya                                              13.697.656      7.453.482                             Unappropriated
   Penghasilan komprehensif lain:                                                                                         Other comprehensive income:
      Kerugian yang belum direalisasi                                                                                               Unrealized loss on
         dari aset keuangan pada nilai wajar                                      (1.166.806)     (1.049.514)          financial assets at fair value
      Pengukuran nilai wajar                                                                                                Measurement of fair value
         derivatif lindung nilai arus kas               2.q, 2.r, 31                (50.675)       (100.596)         derivative for cashflow hedge
      Pengukuran kembali liabilitas imbalan                                                                            Remeasurements of long-term
         kerja jangka panjang                             2.p, 30                 (1.134.999)     (1.028.612)            employee benefits liability
Ekuitas Neto yang Dapat
 Diatribusikan kepada                                                                                                         Net Equity Attributable to
   Pemilik Entitas Induk                                                          27.891.437      21.825.603              Owners of the Parent Entity
    Kepentingan Non-Pengendali                             35.a                   11.019.769       3.795.786               Non-Controlling Interests
TOTAL EKUITAS                                                                     38.911.206      25.621.389                                TOTAL EQUITY
TOTAL LIABILITAS DAN                                                                                                             TOTAL LIABILITIES AND
 EKUITAS                                                                      129.311.989         91.139.182                                  EQUITY




 Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                        The accompanying notes from an integral part of these
 laporan keuangan konsolidasian secara keseluruhan.                                                       consolidated financial statements taken as a whole.
                                                                       3
Page 857
PT JASA MARGA (PERSERO) Tbk                                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                 AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                                           CONSOLIDATED STATEMENTS OF PROFIT
KOMPREHENSIF LAIN KONSOLIDASIAN                                                        OR LOSS AND OTHER COMPREHENSIVE INCOME
Pada Tanggal 31 Desember 2023 dan 2022                                                              As of December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                        (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                       unless otherwise stated)

                                                     Catatan/
                                                      Notes        2023                     2022

PENDAPATAN                                                                                                                                                 REVENUES
Pendapatan tol                                        2.t, 36         13.948.029               12.443.950                                      Toll operating revenues
Pendapatan usaha lainnya                              2.t, 36          1.617.953                1.338.608                                     Other operating revenues
Pendapatan konstruksi                                 2.t, 37          5.752.623                2.800.291                                        Construction revenue
Total                                                                 21.318.605               16.582.849                                                          Total

BEBAN POKOK PENDAPATAN                                                                                                                          COST OF REVENUES
Beban tol dan usaha lainnya                           2.t, 38          (6.643.256)                 (6.391.616)                      Toll and other operating expenses
Beban konstruksi                                      2.t, 37          (5.716.823)                 (2.773.136)                                   Construction expense
Total                                                                 (12.360.079)                 (9.164.752)                                                     Total
LABA BRUTO                                                                8.958.526                7.418.097                                           GROSS PROFIT

Penghasilan keuangan                                  2.t, 40             255.966                     152.421                                         Finance income
Penghasilan lain-lain                                 2.t, 40             150.107                     238.004                                            Other income
Beban umum dan administrasi                           2.t, 39          (2.007.934)                 (1.934.783)                  General and administrative expenses
Beban lain-lain                                       2.t, 41            (120.097)                   (708.320)                                         Other expenses
Beban pajak atas penghasilan keuangan                 2.o, 40             (30.675)                    (27.457)                         Tax expense of finance income
Keuntungan dari nilai wajar investasi asosiasi          1.g             4.017.364                         -             Gain on fair value of investment in associates
Kerugian dari nilai wajar investasi jangka pendek       1.g              (963.687)                        -              Loss on fair value of short-term investments
Keuntungan dari pembelian dengan diskon                 1.g             1.058.750                         -                                 Gain on bargain purchase
Keuntungan dari pelepasan investasi                   1.f, 40                 -                     2.245.045                                      Gain on divestment
LABA USAHA                                                            11.318.320                   7.383.007                            PROFIT FROM OPERATIONS

Biaya keuangan                                        2.q, 42          (3.592.352)                 (3.885.342)                                      Finance costs - net
Bagian atas laba (rugi) neto entitas asosiasi                                                                                    Share in net gain (loss) of associates
  dan ventura bersama                                 2.h, 10              200.457                   228.130                                      and joint ventures
LABA SEBELUM PAJAK PENGHASILAN                                            7.926.425                3.725.795                          PROFIT BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN                                                                                                                       INCOME TAX EXPENSE
 Kini                                                2.o, 18.c             (867.313)               (1.261.086)                                            Current
 Tangguhan                                           2.o, 18.c             (309.623)                 (141.001)                                           Deferred
TOTAL BEBAN PAJAK PENGHASILAN                                          (1.176.936)                 (1.402.087)                       TOTAL INCOME TAX EXPENSE
LABA TAHUN BERJALAN                                                       6.749.489                2.323.708                                  PROFIT FOR THE YEAR
                                                                                                                                           OTHER COMPREHENSIVE
BEBAN KOMPREHENSIF LAIN
                                                                                                                                                      EXPENSE

Pos-pos yang tidak akan direklasifikasi                                                                                            Items that will not be reclassified
  ke laba rugi tahun berikutnya                                                                                             to profit or loss in subsequent years
  Pengukuran kembali liabilitas imbalan                                                                                               Remeasurements of long-term
    kerja jangka panjang                                                   (131.347)                (219.139)                          employee benefits liability
  Bagian atas laba (rugi) kompehensif lain atas                                                                         Share in other comprehensive gain (loss) of
    asosiasi dan ventura bersama                                               (92)                     (142)                        associates and joint ventures
  Pajak penghasilan terkait                                                 25.398                    23.062                                             Related tax
  Pengukuran kembali liabilitas imbalan                                                                                               Remeasurements of long-term
    kerja jangka panjang - setelah pajak              2.p, 30              (106.041)                (196.219)              employee benefits liability - net of tax
Pos-pos yang akan direklasifikasi                                                                                              Item that will be reclassified to profit
  ke laba rugi tahun berikutnya                                                                                                      and loss in subsequent years
  Kerugian yang belum direalisasi                                                                                                                  Unrealized loss on
    dari aset keuangan pada nilai wajar                                (1.115.351)                 (1.313.484)                        financial assets at fair value
  Penyesuaian reklasifikasi atas                                                                                                     Reclassification adjustment on
    Investasi jangka pendek diukur nilai wajar           5                 963.687                        -          short term investment measured at fair value
  Pengukuran nilai wajar                                                                                                                  Measurement of fair value
    derivatif lindung nilai arus kas                2.q, 2.r, 31            48.884                     5.939                        derivative for cashflow hedge
  Bagian atas laba (rugi) kompehensif lain atas                                                                         Share in other comprehensive gain (loss) of
    asosiasi dan ventura bersama                                            11.895                   (10.242)                        associates and joint ventures
  Pajak penghasilan terkait                                                 33.986                     7.914                                              Related tax
Subtotal pos-pos yang akan direklasifikasi                                                                              Subtotal Item that will be reclassified to profit
  ke laba rugi tahun berikutnya                                             (56.899)               (1.309.873)                          and loss in subsequent years

BEBAN KOMPREHENSIF LAIN                                                                                                        OTHER COMPREHENSIVE EXPENSE
 TAHUN BERJALAN                                                            (162.940)               (1.506.092)                              FOR THE YEAR
TOTAL PENGHASILAN                                                                                                                TOTAL COMPREHENSIVE INCOME
  KOMPREHENSIF TAHUN BERJALAN                                             6.586.549                  817.616                                 FOR THE YEAR
Laba tahun berjalan yang dapat                                                                                                                      Profit for the year
  diatribusikan kepada:                                                                                                                              attributable to:
  Pemilik entitas induk                                                   6.793.551                2.746.884                              Owners of the parent entity
  Kepentingan non-pengendali                                                (44.062)                (423.176)                               Non-controlling interest
TOTAL                                                                     6.749.489                2.323.708                                                     TOTAL
Total penghasilan komprehensif tahun                                                                                      Total comprehensive income for the year
  berjalan yang dapat diatribusikan kepada:                                                                                                      attributable to:
  Pemilik entitas induk                                                   6.619.793                1.239.322                          Owners of the parent entity
  Kepentingan non-pengendali                            35                  (33.244)                (421.706)                            Non-controlling interest
TOTAL                                                                     6.586.549                  817.616                                                     TOTAL

LABA PER SAHAM (RUPIAH PENUH)                         2.s, 43                  936                       378               EARNINGS PER SHARE (FULL RUPIAH)

Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                   The accompanying notes from an integral part of these
laporan keuangan konsolidasian secara keseluruhan.                                                                  consolidated financial statements taken as a whole.
                                                                              4
Page 858
PT JASA MARGA (PERSERO) Tbk                                                                                                                                                                                                                                                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                                                                                                                                                                                               AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                                                                  CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                                                                                                                                                As of December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                                                                    (Expressed in millions of Rupiah unless otherwise stated)
                                                                                                                    Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/ Equity Attributable to Owners of the Parent Entity
                                                                                                                                                                                                Penghasilan (Beban) Komprehensif Lain/ Other Comprehensive Income (Loss)
                                                                                                                                                                                               Keuntungan
                                                                                                                                                                                                (Kerugian)          Pengukuran            Pengukuran
                                                                                                 Selisih Atas                                                                                  yang Belum             Kembali              Nilai Wajar              Total          Total Ekuitas
                                                                                                   Transaksi                                                                                  Direalisasi dari       Liabilitas            Derivatif           Penghasilan          yang Dapat
                                                           Modal                                 Entitas Non-                                                                                 Aset Keuangan        Imbalan Kerja         Lindung Nilai           (Beban)           Diatribusikan
                                                       Ditempatkan          Tambahan             Pengendali/                                                                                 pada Nilai Wajar/    Jangka Panjang/          Arus Kas/          Komprehensif        kepada Pemilik
                                                        dan Disetor            Modal              Difference                        Saldo Laba/ Retained Earnings                               Unrealized       Remeasurements         Measurement of              Lain/          Entitas Induk/
                                                           Penuh/          Disetor - neto/        from Non-                Telah               Belum                                           Gain (Loss)          of Long-term         Fair Value of          Total Other         Total Equity          Kepentingan
                                                        Issued and          Additional           Controlling            Ditentukan           Ditentukan                                        on Financial          Employee              Derivative        Comprehensive         Atributable to       Non-Pengendali/           Total
                                            Catatan/     Fully Paid           Paid in               Interest          Penggunaannya/       Penggunaannya/                 Total/                 Assets at             Benefits          for Cashflow             Income           Owners of the        Non-Controlling         Ekuitas/
                                             Notes     Share Capital       Capital - net         Transaction           Appropriated        Unappropriated                 Total                 Fair Value             Liability             Hedge                 (Loss)          Parent Entity           Interests          Total Equity
Saldo tanggal 1 Januari 2022                                 3.628.936            3.997.085              (26.912)              8.971.304             4.706.598             13.677.902                  256.937             (832.036)            (96.061)            (671.160)           20.605.851             4.894.464           25.500.315                     Balance as of January 1, 2022
  Pembagian dividen                            34                      -                     -                  -                      -                      -                      -                        -                    -                  -                       -                     -               (203)                (203)                          Distribution of dividend
  Laba (rugi) tahun berjalan                   43                      -                     -                  -                      -             2.746.884               2.746.884                        -                    -                  -                       -          2.746.884              (423.176)           2.323.708                          Profit (loss) for the year
  Setoran modal dari                                                                                                                                                                                                                                                                                                                                                       Capital contribution
    entitas non-pengendali                                                                                                                                                                                                                                                                                                                                               from non-controlling
    kepada entitas anak                                                -                     -                  -                      -                      -                          -                    -                    -                  -                       -                     -            244.892              244.892                         interest in subsidiaries
  Selisih nilai transaksi                                                                                                                                                                                                                                                                                                                                   Difference in value of restructuring
    restrukturisasi entitas                                                                                                                                                                                                                                                                                                                                                  transaction with
    non-pengendali                                                     -                     -           (19.570)                      -                      -                          -                    -                    -                  -                       -             (19.570)                      -           (19.570)                        non-controlling interest
  Penghasilan komprehensif lain:                                                                                                                                                                                                                                                                                                                                Other comprehensive income:
    Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                             Remeasurements of long-term
      imbalan kerja jangka panjang                                     -                     -                  -                      -                      -                          -                    -            (219.498)                  -             (219.498)             (219.498)                 359              (219.139)                 employee benefits liability
    Efek Pajak Terkait                                                 -                     -                  -                      -                      -                          -                    -              23.063                   -               23.063                23.063                    (1)              23.062                                    Related Tax
    Bagian atas laba (rugi) komprehensif
      lain atas asosiasi dan                                                                                                                                                                                                                                                                                                                        Share in other comprehensive gain (loss)
      ventura bersama -                                                                                                                                                                                                                                                                                                                                     associates and joint ventures -
      Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                         Remeasurements of long-term
      imbalan kerja jangka panjang                                     -                     -                  -                      -                      -                      -                        -                (141)                  -                 (141)                 (141)                   (1)                (142)                  employee benefits liability
    Keuntungan (kerugian) yang
      belum direalisasi dari aset                                                                                                                                                                                                                                                                                                                                   Unrealized gain (loss) on
      keuangan pada nilai wajar                                        -                     -                  -                      -                      -                          -           (1.314.614)                   -                  -            (1.314.614)           (1.314.614)               1.130           (1.313.484)                financial assets at fair value
    Efek Pajak Terkait                                                 -                     -                  -                      -                      -                          -               8.163                     -                  -                8.163                 8.163                  (249)               7.914                                    Related Tax
    Pengukuran nilai wajar derivatif                                                                                                                                                                                                                                                                                                                              Measurement of fair value
      lindung nilai arus kas                                           -                     -                  -                      -                      -                          -                    -                    -              5.812                5.812                 5.812                  127                 5.939                derivative for cashflow hedge
    Bagian atas laba (rugi)
      komprehensif lain atas asosiasi                                                                                                                                                                                                                                                                                                               Share in other comprehensive gain (loss)
      dan ventura bersama -                                                                                                                                                                                                                                                                                                                                 associates and joint ventures -
      pengukuran nilai wajar derivatif                                                                                                                                                                                                                                                                                                                           measurement of fair value
      lindung nilai arus kas                                           -                     -                  -                      -                      -                      -                        -                    -            (10.347)             (10.347)               (10.347)                 105              (10.242)               derivative for cashflow hedge
  Pelepasan investasi saham                                            -                     -                  -                      -                      -                      -                        -                    -                  -                    -                      -             (921.661)            (921.661)                                Share divestment
Saldo tanggal 31 Desember 2022                               3.628.936            3.997.085              (46.482)              8.971.304             7.453.482             16.424.786                (1.049.514)         (1.028.612)           (100.596)           (2.178.722)          21.825.603             3.795.786           25.621.389                 Balance as of December 31, 2022
  Pembagian dividen                            34                      -                     -                  -                      -              (549.377)               (549.377)                       -                    -                  -                       -           (549.377)               (6.025)            (555.402)                          Distribution of dividend
  Laba (rugi) tahun berjalan                   43                      -                     -                  -                      -             6.793.551               6.793.551                        -                    -                  -                       -          6.793.551               (44.062)           6.749.489                          Profit (loss) for the year
  Setoran modal dari                                                                                                                                                                                                                                                                                                                                                       Capital contribution
    entitas non-pengendali                                                                                                                                                                                                                                                                                                                                               from non-controlling
    kepada entitas anak                                                -                     -                  -                      -                      -                          -                    -                    -                  -                       -                     -            102.699              102.699                         interest in subsidiaries
  Akuisisi saham entitas anak                                          -                     -                  -                      -                      -                          -                    -                    -                  -                       -                     -          7.157.628            7.157.628                       Acquisition of subsidiaries
  Selisih nilai transaksi                                                                                                                                                                                                                                                                                                                                Difference in value of transaction with
    entitas non-pengendali                                             -                     -            (4.582)                      -                      -                          -                    -                    -                  -                       -              (4.582)               2.925               (1.657)                        non-controlling interest
  Penghasilan komprehensif lain:                                                                                                                                                                                                                                                                                                                                Other comprehensive income:
    Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                             Remeasurements of long-term
      imbalan kerja jangka panjang                                     -                     -                  -                      -                      -                          -                    -            (131.695)                  -             (131.695)             (131.695)                 348              (131.347)                 employee benefits liability
      Efek Pajak Terkait                                               -                     -                  -                      -                      -                          -                    -              25.398                   -               25.398                25.398                        -            25.398                                    Related Tax
    Bagian atas laba (rugi) komprehensif
      lain atas asosiasi dan                                                                                                                                                                                                                                                                                                                        Share in other comprehensive gain (loss)
      ventura bersama -                                                                                                                                                                                                                                                                                                                                     associates and joint ventures -
      Pengukuran kembali liabilitas                                                                                                                                                                                                                                                                                                                         Remeasurements of long-term
      imbalan kerja jangka panjang                                     -                     -                  -                      -                      -                      -                        -                 (90)                  -                   (90)                  (90)                  (2)                    (92)               employee benefits liability
    Keuntungan (kerugian) yang
      belum direalisasi dari aset                                                                                                                                                                                                                                                                                                                                   Unrealized gain (loss) on
      keuangan pada nilai wajar                                        -                     -                  -                      -                      -                          -           (1.105.223)                   -                  -            (1.105.223)           (1.105.223)             (10.128)          (1.115.351)                financial assets at fair value
    Penyesuaian reklasifikasi atas                                                                                                                                                                                                                                                                                                                  Reclassification adjustment on short term
      Investasi jangka pendek diukur nilai wajar                       -                     -                  -                      -                      -                          -             954.050                     -                  -              954.050               954.050                 9.637              963.687            investment measured at fair value
      Efek Pajak Terkait                                               -                     -                  -                      -                      -                          -              33.881                     -                  -               33.881                33.881                  105                33.986                                    Related Tax
    Pengukuran nilai wajar derivatif                                                                                                                                                                                                                                                                                                                              Measurement of fair value
      lindung nilai arus kas                                           -                     -                  -                      -                      -                          -                    -                    -             38.145               38.145                38.145                10.739               48.884                derivative for cashflow hedge
    Bagian atas laba (rugi)
      komprehensif lain atas asosiasi                                                                                                                                                                                                                                                                                                               Share in other comprehensive gain (loss)
      dan ventura bersama -                                                                                                                                                                                                                                                                                                                                 associates and joint ventures -
      pengukuran nilai wajar derivatif                                                                                                                                                                                                                                                                                                                           measurement of fair value
      lindung nilai arus kas                                           -                     -                  -                      -                      -                          -                    -                    -             11.776               11.776                11.776                  119                11.895                derivative for cashflow hedge
Saldo tanggal 31 Desember 2023                               3.628.936            3.997.085              (51.064)              8.971.304            13.697.656             22.668.960                (1.166.806)         (1.134.999)            (50.675)           (2.352.480)          27.891.437            11.019.769           38.911.206                 Balance as of December 31, 2023
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                                                                           The accompanying notes from an integral part of these consolidated financial statements taken as a whole.
laporan keuangan konsolidasian ini secara keseluruhan.
                                                                                                                                                                                                 5
Page 859
                                                                                                                                                                            .



 PT JASA MARGA (PERSERO) Tbk                                                                              PT JASA MARGA (PERSERO) Tbk
 DAN ENTITAS ANAK                                                                                                       AND SUBSIDIARIES
 LAPORAN ARUS KAS KONSOLIDASIAN                                                                CONSOLIDATED STATEMENTS OF CASHFLOWS
 Tanggal 31 Desember 2023 dan 2022                                                                        As of December 31, 2023 and 2022
 (Disajikan dalam jutaan Rupiah,                                                                             (Expressed in millions of Rupiah,
 kecuali dinyatakan lain)                                                                                            unless otherwise stated)
                                                         Catatan/
                                                          Notes           2023                      2022 *)
ARUS KAS DARI AKTIVITAS                                                                                                                CASH FLOWS FROM OPERATING
 OPERASI                                                                                                                                              ACTIVITIES
                                                          6, 29, 36,
Penerimaan kas dari pendapatan tol                                         13.957.336                  12.459.781                          Cash receipts from toll revenues
                                                             44.a
Penerimaan kas dari pendapatan lainnya                      28, 36          1.561.622                   1.191.174                        Cash receipts from other revenues
                                                         8,17,18,19,
Pembayaran kepada pemasok                                                   (3.710.254)                 (3.463.136)                                  Cash paid to suppliers
                                                          20, 38 ,39
Pembayaran kepada karyawan                              18,30,38, 39        (2.248.918)                 (1.843.883)                                Cash paid to employees
Pembayaran biaya pelapisan ulang                            29,39             (651.833)                   (412.303)                                    Payment of overlay
Kas Neto Diperoleh dari Operasi                                             8.907.953                   7.931.633                   Net Cash Generated from Operations
Pembayaran pajak penghasilan                             18, 38, 39         (1.297.085)                   (835.321)                               Payment of income taxes
Penerimaan bunga                                             40                225.291                     917.842                            Receipts from interest income
Pembayaran bunga                                          22, 42            (3.670.203)                 (3.991.947)                                    Payment of interests
Kas Bersih yang Diperoleh dari                                                                                                                      Net Cash Provided by
  Aktivitas Operasi                                                         4.165.956                   4.022.207                                   Operating Activities
ARUS KAS DARI AKTIVITAS INVESTASI                                                                                         CASH FLOWS FROM INVESTING ACTIVITIES
Dampak kombinasi bisnis                                     1.g                  366.494                            -                  Impact of business combination
Penerimaan atas pelepasan investasi                                                                                              Proceeds from disposal of investment
  di Entitas Anak dan Asosiasi                                                             -            4.217.916                  in a Subsidiaries and Assosiates
                                                          13, 37,
Penambahan hak pengusahaan jalan tol                                        (5.641.190)                 (4.367.426)              Acquisitions of toll road concession rights
                                                          38, 39
Penambahan aset takberwujud lainnya                         14                   (67.713)                  (61.804)                  Acquisitions of other intangible assets
Penambahan piutang talangan tanah                                                                                                             Addition of land bridging fund
                                                             44
  kepada Pemerintah                                                              (83.596)                (461.847)                                     to the Government
Pencairan dana dibatasi
   penggunaannya - neto                                      9                    22.689                  279.299                      Disbursement of restricted fund - net
Penambahan investasi asosiasi dan                                                                                                                  Addition of investment in
                                                             10
  ventura bersama                                                            (704.529)                   (371.625)                     associates and joint ventures - net
Penerimaan dividen atas Investasi Asosiasi                   10                     -                       1.822         Receipt of dividends on investment in associates
Penambahan aset tetap                                        11               (74.372)                    (53.593)                              Acquisitions of fixed assets
Penerimaan atas penjualan aset tetap                                           34.493                      16.073                   Proceeds from disposal of fixed assets
Perolehan properti investasi                                 12              (227.701)                   (207.484)                      Acquisitions of property investment
Penambahan uang muka setoran modal                                                                                                        Addition of advance payments for
  aset keuangan                                              17                   (2.365)                       -               capital investment in financial assets
Penerimaan dividen atas aset keuangan                        40                   17.773                   10.866                  Receipt of dividends on financial assets
Penambahan investasi aset keuangan                           16                        -                 (278.345)               Addition of investment in financial assets
Penambahan aset tidak lancar lainnya                         17                  (58.383)                 (53.490)                 Acquisitions of other non-current assets
Penerimaan pelunasan pinjaman                                                                                                                Payment receipt of associates
  entitas asosiasi dan ventura bersama                       5                       -                     621.178                         and joint ventures receivables
Pelepasan investasi jangka pendek                                                    -                     125.391                        Disposal of short-term investment
Penambahan investasi jangka pendek                           5              (1.905.953)                 (1.056.602)                       Addition of short-term investment
Kas Neto yang Digunakan untuk                                                                                                                            Net Cash Used in
  Aktivitas Investasi                                                       (8.324.353)                 (1.639.671)                                  Investing Activities

ARUS KAS DARI AKTIVITAS                                                                                                                 CASH FLOWS FROM FINANCING
  PENDANAAN                                                                                                                                                  ACTIVITIES
Penerimaan utang bank                                        23            17.673.280                  10.786.708                                Proceeds from bank loans
Penerimaan utang lembaga keuangan                                                                                                        Proceeds from non-bank financial
  bukan bank                                                                     908.102                           -                                      institution loan
Penerimaan dari penerbitan saham                                                                                                                   Proceeds from issuance
  di entitas anak oleh pihak                                                                                                                  of shares in a subsidiaries
  non-pengendali                                             24                102.699                     244.892                           by non-controlling interests
Pembayaran utang bank                                        23            (16.567.983)                 (9.863.478)                                Payments of bank loans
Pembayaran utang lembaga keuangan                                                                                                          Payments of non-bank financial
  bukan bank                                                 24                      -                  (1.149.300)                                       institution loan
Pembayaran utang obligasi                                    25             (1.100.350)                          -                                       Payment of bonds
Liabilitas pembebasan tanah                                  26               (147.640)                          -                               Land acquisition liabilities
Pembayaran liabilitas sewa                                   27               (144.774)                    (76.710)                               Payment of lease liability
Pembayaran pinjaman kepada                                                                                                                      Payment to non-controlling
  pemegang saham non-pengendali                                                     -                         (4.021)                                shardeholders loan
Pembayaran dividen                                                           (555.104)                          (148)                                 Payment of dividend
Kas Neto yang Diperoleh dari (Digunakan untuk)                                                                                            Net Cash Provided by (Used in)
  Aktivitas Pendanaan                                                            168.230                   (62.057)                                Financing Activities

PENURUNAN NETO                                                                                                                                      NET DECREASE IN
  KAS DAN SETARA KAS                                                        (3.990.167)                  2.320.479                   CASH AND CASH EQUIVALENTS
Kas dan Setara Kas dari Entitas                                                                                                           Cash and Cash Equivalents of
  Anak yang Didekonsolidasikan                                                         -                 (170.450)                        Deconsolidated Subsidiaries
KAS DAN SETARA KAS PADA                                                                                                             CASH AND CASH EQUIVALENTS AT
  AWAL TAHUN                                                 4              8.429.118                   6.279.089                         BEGINNING OF THE YEAR
KAS DAN SETARA KAS PADA                                                                                                             CASH AND CASH EQUIVALENTS AT
 AKHIR TAHUN                                                 4              4.438.951                   8.429.118                                  END OF YEAR

  *)Direklasifikasi, lihat catatan 50                                                                                                         *)Reclassified, see note 50

 Transaksi non-kas dan rekonsiliasi liabilitas yang timbul dari aktivitas                         Non-cash transactions and reconciliation of liabilities arising from
 pendanaan disajikan di Catatan 49.                                                                                  financing activities are presented in Note 49.

 Catatan terlampir merupakan bagian yang tidak terpisahkan dari laporan                         The accompanying notes from an integral part of these consolidated financial
 keuangan konsolidasian secara keseluruhan.                                                                                                    statements taken as a whole
                                                                                   6
Page 860
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

1.   UMUM                                                       1.   GENERAL

     a. Pendirian Perusahaan                                         a. The Company’s establishment

       PT Jasa Marga (Persero) Tbk (“Perusahaan”)                      PT Jasa Marga (Persero) Tbk (the “Company”)
       dibentuk berdasarkan Peraturan Pemerintah                       was established under the Government
       Republik Indonesia (“Pemerintah”) No. 4 Tahun                   Regulation of the Republic of Indonesia (the
       1978 tentang Penyertaan Modal Negara Republik                   “Government”) No. 4 Year 1978 regarding the
       Indonesia mengenai pendirian Perusahaan                         State Capital Investment for the establishment
       Perseroan (Persero) di bidang pengelolaan,                      of a State-Owned Company (Persero) in the
       pemeliharaan dan pengadaan jaringan jalan tol,                  area of management, maintenance and
       serta ketentuan-ketentuan pengusahaannya                        development of toll roads, and the detailed
       (Lembaran       Negara      Republik    Indonesia               management regulations (State Gazette
       No. 4 Tahun 1978 juncto Surat Keputusan Menteri                 No. 4 Year 1978 in conjunction with the Decree
       Keuangan             Republik           Indonesia               of the Ministry of Finance of the Republic of
       No. 90/KMK.06/1978 tentang Penetapan Modal                      Indonesia No. 90/KMK.06/1978 regarding the
       Perusahaan,       tanggal 27 Februari 1978).                    Determination of the Share Capital of the
       Perusahaan didirikan berdasarkan Akta Notaris                   Company dated February 27, 1978). The
       Kartini Mulyadi, S.H., No. 1 tanggal 1 Maret 1978.              Company was established based on Notarial
       Akta pendirian disahkan oleh Menteri Kehakiman                  Deed No. 1 dated March 1, 1978 of Kartini
       Republik Indonesia dalam Surat Keputusan                        Mulyadi, S.H., The Deed of Establishment was
       No. Y.A.5/130/1 tanggal 22 Februari 1982 dan                    authorized by the Ministry of Justice of the
       didaftarkan di Kantor Pengadilan Negeri Jakarta                 Republic of Indonesia in its Decision Letter
       No. 766 dan 767, tanggal 2 Maret 1982 serta                     No. Y.A.5/130/1 dated February 22, 1982 and
       diumumkan dalam Lembaran Berita Negara                          was filed in Jakarta High Court No. 766 and 767
       Republik Indonesia No. 73 tanggal 10 September                  on March 2, 1982 and was published in the State
       1982, tambahan No. 1138.                                        Gazette No. 73 dated September 10, 1982,
                                                                       addition No. 1138.

       Anggaran dasar Perusahaan telah beberapa kali                   The Company's articles of association has been
       mengalami perubahan dengan perubahan                            amended several times, the last amendment of
       terakhir diaktakan dalam Akta Notaris                           which was under notarized under Notarial Deed
       No. 30 tanggal 14 Februari 2023 dari Notaris Ir.                No. 30 dated February 14, 2023 from Notary Ir.
       Nanette Cahyanie Handari Adi Warsito, S.H. dan                  Nanette Cahyanie Handari Adi Warsito, S.H.
       surat pengesahan dari Kementerian Hukum dan                     and a letter of endorsement from the Ministry of
       Hak Asasi Manusia Republik Indonesia                            Law and Human Rights of the Republic of
       No. AHU-AH.01.09-0091890 tanggal 14 Februari                    Indonesia No. AHU-AH.01.09-0091890 dated
       2023 mengenai perubahan Direksi dan                             February 14, 2023 regarding the change in
       Komisaris, Dewan Komisaris dan Direksi                          Directors and Commissioners, Boards of
       diungkapkan pada Catatan 1.d.                                   Commissioners and Directors are disclosed in
                                                                       the Note 1.d.

       Sesuai dengan Pasal 3 anggaran dasar                             According to Article 3 of the Company's articles
       Perusahaan, maksud dan tujuan usaha                              of association, its scope of business is mainly to
       Perusahaan adalah turut serta melaksanakan                       engage in performing and assisting the
       dan menunjang kebijaksanaan dan program                          Government's programs and policies in
       Pemerintah       di   bidang    ekonomi    dan                   economy sector and generally in national
       pembangunan nasional pada umumnya,                               development, especially in development of toll
       khususnya        pembangunan      di    bidang                   roads and all their supporting facilities while
       pengusahaan jalan tol dengan sarana                              complying to the principles of limited liability
       penunjangnya          dengan       menerapkan                    company.
       prinsip-prinsip perusahaan terbatas.




                                                            7
Page 861
PT JASA MARGA (PERSERO) Tbk                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                               unless otherwise stated)

1.   UMUM (lanjutan)                                                          1.    GENERAL (continued)

     a.    Pendirian Perusahaan (lanjutan)                                          a.     The Company’s establishment (continued)

           Untuk mencapai maksud dan tujuan tersebut,                                      To achieve these objectives, the Company
           Perusahaan melaksanakan kegiatan usaha                                          performs the following activities:
           sebagai berikut:

           (i)   Melakukan           perencanaan     teknis,                               (i)   Performs        technical    planning    for
                 pelaksanaan konstruksi, pengoperasian                                           construction,         operation       and/or
                 dan/atau pemeliharaan jalan tol;                                                maintenance of toll road;
           (ii) Mengusahakan lahan di ruang milik jalan                                    (ii) Organizes the land in toll road area
                 tol (Rumijatol) dan lahan yang berbatasan                                       (Rumijatol) and the land along the
                 dengan Rumijatol untuk tempat istirahat                                         Rumijatol designated for vehicle rest area
                 kendaraan dan pelayanan berikut dengan                                          and service including the facilities and
                 fasilitas-fasilitasnya dan usaha lainnya,                                       other businesses operating there either
                 baik diusahakan sendiri maupun bekerja                                          separately or in cooperation with other
                 sama dengan pihak lain; dan                                                     parties; and
           (iii) Menjalankan kegiatan dan usaha lain                                       (iii) Performs other activities and business in
                 dalam       rangka      pemanfaatan    dan                                      order to utilize and develop the Company's
                 pengembangan sumber daya yang dimiliki                                          resources, either directly or through
                 Perusahaan, baik secara langsung                                                investments, subject to laws and
                 maupun melalui penyertaan, dengan                                               regulations.
                 memperhatikan peraturan perundang-
                 undangan.

           Perusahaan     memulai     kegiatan                 usaha                       The Company started its commercial operations
           komersial pada tahun 1978.                                                      in 1978.

           Perusahaan         menjalankan       kegiatan                                   The Company runs its operations based on Law
           operasionalnya berdasarkan UU No. 38 Tahun                                      No. 38 Year 2004 about the Road and PP No.
           2004 tentang Jalan dan PP No. 15 Tahun 2005                                     15 Year 2005 regarding Toll road management
           tentang       Jalan      Tol.     Wewenang                                      authority of the Government. Certain
           penyelenggaraan jalan tol berada pada                                           Government authority in the administration of
           Pemerintah. Sebagian wewenang Pemerintah                                        toll roads are implemented by the Indonesia
           dalam penyelenggaraan jalan tol dilaksanakan                                    Toll Road Authority (BPJT). Toll road
           oleh Badan Pengatur Jalan Tol (BPJT).                                           concession are granted to state-owned
           Pengusahaan jalan tol dilakukan oleh badan                                      enterprises and/or regional owned enterprises
           usaha milik negara dan/atau badan usaha milik                                   and/or private companies. Concession are
           daerah dan/atau badan usaha milik swasta.                                       granted by the Government to the business
           Pengusahaan jalan tol yang diberikan oleh                                       entities through transparent and open tender.
           Pemerintah kepada badan usaha dilakukan                                         The Company's head office is located at Plaza
           melalui pelelangan secara transparan dan                                        Tol Taman Mini Indonesia Indah, Jakarta
           terbuka.     Kantor     pusat    Perusahaan                                     13550. The Company operates 9 toll roads,
           berkedudukan di Plaza Tol Taman Mini                                            which are managed by its two regions, with
           Indonesia Indah, Jakarta 13550. Perusahaan                                      details as follows:
           mengoperasikan 9 ruas jalan tol yang dikelola
           oleh dua regional dengan rincian sebagai
           berikut:

                                                                                                       Mulai Konsesi
                                                                                                                          Periode Masa Konsesi
                                                Ruas Jalan Tol/            Panjang Jalan/ Length           (Tahun)/
             Regional/ Regional                                                                                            (Tahun)/ Concession
                                              Toll Road Sections                   (KM)             Start of Consession
                                                                                                                              Period (Year)
                                                                                                            (Year)
                                         Jakarta - Bogor - Ciawi                      59                     2005                   40
                                         Jakarta - Tangerang                          33                     2005                   40
          Regional Jasamarga
                                         Prof. Dr. Ir. Sedyatmo                       14                     2005                   40
          Metropolitan Tollroad (RJMT)
                                         Cawang - Tomang - Pluit                      24                     2005                   40
                                         Cikampek - Padalarang                        59                     2005                   40




                                                                       8
Page 862
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                                          1.   GENERAL (continued)

     a.   Pendirian Perusahaan (lanjutan)                                           a.    The Company’s establishment (continued)

                                                                                                         Mulai Konsesi
                                                                                                                            Periode Masa Konsesi
                                                  Ruas Jalan Tol/             Panjang Jalan/ Length          (Tahun)/
                Regional/ Regional                                                                                           (Tahun)/ Concession
                                                Toll Road Sections                    (KM)            Start of Consession
                                                                                                                                Period (Year)
                                                                                                              (Year)
                                          Padalarang - Cileunyi                          64                  2005                    40
           Regional Jasamarga             Ruas Lingkar Luar Jakarta (JORR
                                                                                         36                  2005                    40
           Metropolitan Tollroad (RJMT)   Seksi Non S)
                                          Ulujami Pondok Aren                            14                  2005                    40
           Regional Jasamarga Nusantara   Belawan   -   Medan   -   Tanjung
                                                                                         43                  2005                   40
           Tollroad (RJNT)                Morawa


     b.   Penawaran umum Perusahaan                                                b.     The Company’s initial public offering

          Pada tanggal 1 November 2007, Perusahaan                                        On November 1, 2007, the Company received
          memperoleh pernyataan efektif dari Badan                                        from the Chairman of the Capital Market
          Pengawas Pasar Modal - Lembaga Keuangan                                         Supervisory Agency and Financial Institutions
          (Bapepam - LK), selanjutnya menjadi Otoritas                                    (Bapepam - LK), currently known as the
          Jasa Keuangan Indonesia, melalui Surat                                          Indonesian Financial Services Authority, in its
          No. S-5526/BL/2007      untuk    melakukan                                      notice letter No. S-5526/BL/2007, which stated
          penawaran umum perdana saham (IPO)                                              the effectivity to conduct an Initial Public
          sebanyak 2.040.000.000 saham atas nama                                          Offering (IPO) of 2,040,000,000 Series B
          Seri B dengan nilai nominal Rp500 (Rupiah                                       shares with par value of Rp500 (full Rupiah) of
          penuh) dengan harga penawaran sebesar                                           the Company at an offering price per share of
          Rp1.700 (Rupiah penuh) per saham melalui                                        Rp1,700 (full Rupiah) through capital market
          pasar modal dan dicatatkan pada Bursa Efek                                      and registered both in the Jakarta and
          Jakarta dan Surabaya (selanjutnya digabung                                      Surabaya Stock Exchanges (subsequently
          menjadi Bursa Efek Indonesia).                                                  combined as the Indonesia Stock Exchange).

          Sejak penawaran umum perdana sampai                                             Since its initial public offering until end of
          dengan akhir tahun pelaporan, Perusahaan                                        reporting year, the Company has made the
          telah melakukan aksi korporasi sebagai berikut:                                 following corporate actions:

          1.   Pembelian kembali saham Perusahaan                                         1.   Buy back of the Company’s shares on
               pada 24 Oktober 2008 sampai dengan                                              October 24, 2008 until January 12, 2009
               12 Januari 2009 dilakukan mengingat                                             was done considering the condition of the
               kondisi pasar saham saat itu berpotensi                                         stock market, indication of potential crisis
               krisis dimana Indeks Harga Saham                                                where the Composite Stock Price Index
               Gabungan (IHSG) Bursa Efek Indonesia                                            (CSPI) in Indonesia Stock Exchange (IDX)
               (BEI) menurun cukup signifikan sehingga                                         significantly decreased thus providing an
               memberikan peluang pada Perusahaan                                              opportunity for the Company to buy back
               untuk membeli kembali sahamnya dengan                                           its shares subject to the ability of the
               memperhatikan kemampuan Perusahaan                                              Company and applicable regulations. In
               dan ketentuan yang berlaku. Perusahaan                                          this case, the Company was aided by
               dalam hal ini dibantu oleh PT Bahana                                            PT Bahana Securities as its Corporate
               Securities sebagai Perusahaan Wakil                                             Broker Securities Trading. Funds issued by
               Perantara Perdagangan Efek. Dana yang                                           the Company to buy back 24,523,500
               dikeluarkan Perusahaan untuk membeli                                            shares (Treasury Stock) amounted to
               kembali 24.523.500 lembar saham                                                 Rp21,837.
               (Treasury Stock) sejumlah Rp21.837.




                                                                        9
Page 863
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)

1.   UMUM (lanjutan)                                                1.   GENERAL (continued)

     b.   Penawaran umum Perusahaan (lanjutan)                           b.   The Company’s         initial   public   offering
                                                                              (continued)

          2.   Sesuai dengan Poin 4D Peraturan                                2.   Based on Point 4D of Bapepam-LK
               Bapepam-LK      No.    KEP-105/BL/2010,                             Regulation No. KEP-105/BL/2010, XI.B2
               Peraturan XI.B2 perihal Pembelian                                   Regulations regarding Buy Back Shares
               Kembali Saham yang dikeluarkan oleh                                 issued by the Issuer or Public Company,
               Emiten atau Perusahaan Publik, maka                                 therefore, the Company has reached the
               treasury stock tersebut telah memasuki                              maximum period of holding its treasury
               periode wajib menjual (sudah dikuasai                               stock (already held by the Company for 3
               Perusahaan selama 3 tahun) dan wajib                                years) and it was mandatory for resale.
               untuk dijual kembali. Perusahaan dalam                              The Company            was assisted by
               penjualan kembali saham Treasury                                    PT Danareksa Sekuritas in the resale of
               dibantu oleh PT Danareksa Sekuritas.                                treasury shares. Sales period lasted from
               Masa penjualan berlangsung dari tanggal                             April 5, 2012 to June 25, 2012.
               5 April 2012 sampai dengan tanggal
               25 Juni 2012.

          3.   Sesuai dengan berita acara rapat                               3.   In accordance to minutes of meeting
               Perseroan yang dimuat dalam Akta Notaris                            contained in Notarial Deed No. 139 dated
               No. 139 tanggal 29 Agustus 2016,                                    August 29, 2016, shareholders of the
               pemegang         saham       menyepakati                            Company agreed the increase of the
               peningkatan modal ditempatkan dan                                   Company's issued and fully paid capital
               disetor Perseroan melalui Penawaran                                 through Rights Issue. The corporate action
               Umum Terbatas I dengan penerbitan Hak                               were authorized by the Financial Services
               Memesan Efek Terlebih Dahulu (HMETD).                               Authorization      on        its     letter
               Aksi korporasi Perusahaan telah disetujui                           No.         S-337/D.01/2016         dated
               oleh Otoritas Jasa Keuangan dalam surat                             November 18, 2016, consequently the
               No.        S-337/D.01/2016       tanggal                            Company's      share    increased     from
               18 November 2016, sehingga jumlah                                   6,800,000,000 to 7,257,871,200 shares.
               saham Perusahaan meningkat dari                                     The changes were stated on Notarial Deed
               6.800.000.000 menjadi 7.257.871.200                                 No. 39 dated December 20, 2016.
               lembar saham. Perubahan jumlah saham
               Perusahaan tersebut tertuang dalam Akta
               Notaris No. 39 tanggal 20 Desember 2016.

               Dana yang diperoleh Perusahaan akan                                 Funds generated by the Company will be
               digunakan untuk mendanai pembangunan                                used for the funding of toll road
               jalan tol, khususnya tiga ruas jalan tol baru                       construction, particularly for three new toll
               yang akan dibangun, yaitu:                                          roads to be build, as follows:
               a. Sekitar 50% untuk ruas Semarang -                                a. Approximately 50% for Semarang -
                   Batang sepanjang 75 km;                                            Batang toll road round 75 km;
               b. Sekitar 30% untuk ruas Pandaan -                                 b. Approximately 30% for Pandaan -
                   Malang sepanjang 37,6 km; dan                                      Malang toll road round 37.6 km; and
               c. Sekitar 20% untuk ruas Jakarta -                                 c. Approximately 20% for Jakarta -
                   Cikampek II Elevated sepanjang 36,4                                Cikampek II Elevated round 36.4 km.
                   km.




                                                               10
Page 864
PT JASA MARGA (PERSERO) Tbk                                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                        unless otherwise stated)

1.   UMUM (lanjutan)                                                                       1.    GENERAL (continued)

     c.   Penawaran umum obligasi dan                                surat                       c.       The Company’s public                            bonds        and
          berharga komersial Perusahaan                                                                   commercial paper offering

          Pada tanggal 31 Desember 2023 dan                                                               As of December 31, 2023 and 2022, the
          2022, Perusahaan memiliki jumlah utang                                                          Company had a total amount of outstanding
          obligasi yang belum jatuh tempo adalah                                                          bonds   amounted      to Rp899,650   and
          sebesar Rp899.650 dan Rp2.000.000 dengan                                                        Rp2,000,000 as follows:
          rinciannya sebagai berikut:
                                                                                                                               Tanggal             Tanggal
                                                                                                                 Tenor       Penerbitan/            Jatuh
                           Obligasi & Surat berharga/                                                           (Tahun/       Issuance             Tempo/
                           Bonds & commercial paper                    2023                     2022             Years)         Date             Maturity Date       Status


           Obligasi Berkelanjutan II PT Jasa Marga 2020/
            Continuing Public Offering Bond II PT Jasa Marga 2020
                                                                                                                          8 September 2020/    8 September 2023/     Lunas/
               - Seri A/ Series A                                                      -          1.100.350        3
                                                                                                                          September 8, 2020    September 8, 2023      Paid
                                                                                                                          8 September 2020/    8 September 2025/   Belum Lunas/
               - Seri B/ Series B                                         286.000                  286.000         5
                                                                                                                          September 8, 2020    September 8, 2025   Not Yet Paid
                                                                                                                          8 September 2020/    8 September 2027/   Belum Lunas/
               - Seri C/ Series C                                             90.050                   90.050      7
                                                                                                                          September 8, 2020    September 8, 2027   Not Yet Paid
                                                                                                                          8 September 2020/    8 September 2030/   Belum Lunas/
               - Seri D/ Series D                                         523.600                  523.600        10
                                                                                                                          September 8, 2020    September 8, 2030   Not Yet Paid
           Total                                                          899.650                 2.000.000



     d.   Dewan komisaris dan direksi, komite audit                                              d.       Boards of commissioners and directors,
          serta karyawan                                                                                  audit committee and employees

          Susunan Dewan Komisaris dan                               Direksi                               The composition of the Company’s Boards of
          Perusahaan adalah sebagai berikut:                                                              Commissioners and Directors was as follows:

                                                                                                  2023                                           2022
          Dewan Komisaris/Board of Commissioners
           Komisaris Utama dan Komisaris Independen/                             Mohammad Zainal Fatah                              Yuswanda Arsyad Tumenggung
              President and Independent Commissioner
           Wakil Komisaris/ Deputy Commissioner                                  -            -                                    Zulfan Lindan
           Komisaris/ Commissioner                                               -           -                                     Anita Firmanti Eko Susetyowati
           Komisaris/ Commissioner                                               M. Roskanedi                                      M. Roskanedi
           Komisaris/ Commissioner                                               Raja Erizman                                      Raja Erizman
           Komisaris/ Commissioner                                               -           -                                     Yohanes Baptista Satya
                                                                                                                                     Nugraha
            Komisaris Independen/ Independent                                    Chandra Wijaya                                    -            -
               Commissioner
            Komisaris Independen/ Independent                                    Seppalga Ahmad                                     -               -
               Commissioner
            Komisaris Independen/ Independent                                    Marsetio                                           -               -
               Commissioner
            Komisaris Independen/ Independent                                    Abdul Rachman                                      -               -
               Commissioner




                                                                                 11
Page 865
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                              1.   GENERAL (continued)

     d.   Dewan komisaris dan direksi, komite audit                    d.   Boards of commissioners and directors,
          serta karyawan (lanjutan)                                         audit committee and employees (continued)

                                                                       2023                            2022
          Direksi/Directors
            Direktur Utama/ President Director                Subakti Syukur                   Subakti Syukur
            Direktur Keuangan dan Manajemen Risiko/
                Finance and Risk Management Director          Pramitha Wulanjani               Ade Wahyu
            Direktur Pengembangan Usaha/
                Business Development Director                 Mohamad Agus Setiawan            Mohamad Agus Setiawan
            Direktur Bisnis/ Business Director                Reza Febriano                    Reza Febriano
            Direktur Operasi/ Operations Director             Fitri Wiyanti                    Fitri Wiyanti
            Direktur Human Capital &Transformasi/
                Director of Human Capital & Transformation    Bagus Cahya Arinta B.            Bagus Cahya Arinta B.

          Susunan komite audit adalah sebagai berikut:                      The compositions of the audit committee are as
                                                                            follows:

                                                                       2023                            2022
          Komite Audit/ Audit Committee
            Ketua/ Chairman                                   Chandra Wijaya                   Yuswanda A. Temenggung
            Anggota/ Members                                  Seppalga Ahmad                   Anita Firmanti Eko Susetyowati
            Anggota/ Members                                  Mohammad Fahmi Arkanuddin        Agung Nugroho S
            Anggota/ Members                                  Siti Purnama Rizki               Imbuh Sulistyarini

          Susunan Sekretaris Perusahaan dan Ketua                           The compositions of the Corporate Secretary
          Internal Audit adalah sebagai berikut:                            and Head of the Internal Audit are as follows:


                                                                       2023                            2022

          Sekretaris Perusahaan/ Corporate Secretary          Nixon Sitorus                    Nixon Sitorus
          Ketua Internal Audit/ Head of the Internal Audit    Agung Laksana Pranata            Siti Sarah

          Pada tanggal 31 Desember 2023 dan 2022,                             As of December 31, 2023 and 2022, the
          Perusahaan dan entitas anak (selanjutnya                            Company and the subsidiaries (collectively
          secara bersama-sama disebut “Kelompok                               referred to hereinafter as “the Group”) had
          Usaha”) memiliki 7.949 dan 7.990 karyawan.                          7,949 and 7,990 employees, respectively.




                                                             12
Page 866
PT JASA MARGA (PERSERO) Tbk                                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                          unless otherwise stated)

1.   UMUM (lanjutan)                                                                            1.     GENERAL (continued)

     e.   Entitas anak yang dikonsolidasikan                                                           e.      Consolidated subsidiaries

          Entitas anak yang dimiliki Perusahaan, secara                                                        The Company’s subsidiaries, directly owned,
          langsung, adalah sebagai berikut:                                                                    are as follows:

                                                                                                                                                        Total aset sebelum eliminasi
                                                                                                                                                           (dalam jutaan rupiah)/
                                                                                     Persentase kepemilikan/       Tahun operasi       Periode masa    Total assets before elimination
                                                                                   Percentage of ownership (% )      komersial/          konsesi            (in millions of rupiah)
                                                                                                                       Start of          (Tahun)/
                     Entitas anak/           Aktivitas utama/        Domisili/
          No.                                                                          2023             2022         commercial         Concession         2023              2022
                     Subsidiaries            Principal activity      Domicile
                                                                                                                      operations       period (Year)


                PT Jalantol Lingkarluar
                Jakarta (JLJ), berdiri      Jasa pengoperasian
                                                                                                                   1 Oktober 2001/
           1.   tanggal 22 Desember         jalan tol/ Toll road      Bekasi           99,96           99,96                                 -                34.486             36.130
                                                                                                                   October 1, 2001
                2000/ established on        operation services
                December 22, 2000



                                            Pengusahaan ruas
                PT Marga Sarana Jabar       jalan tol Bogor Outer
                (MSJ), berdiri tanggal 11   Ring Road/ Bogor                                                      23 November 2009/
           2.                                                          Bogor           55,00           55,00                                45             3.307.265          3.267.854
                Mei 2007/ established on    Outer Ring Road toll                                                  November 23, 2009
                May 11, 2007                road concession
                                            holder



                PT Marga Trans              Pengusahaan ruas
                Nusantara (MTN), berdiri    jalan tol Kunciran -
                                                                    Tangerang                                     20 Desember 2019/
           3.   tanggal 14 Mei 2008/        Serpong/ Kunciran -                        60,00           60,00                                35             4.091.943          4.072.070
                                                                     Selatan                                      December 20, 2019
                established on May 14,      Serpong toll road
                2008                        concession holder


                                            Pengusahaan ruas
                PT Jasamarga Kunciran       jalan tol Kunciran -
                Cengkareng (JKC),           Cengkareng/
                                                                                                                  11 November 2021/
           4    berdiri tanggal 14 Mei      Kunciran -              Tangerang          78,53           78,53                                35             5.434.832          5.488.370
                                                                                                                  November 11, 2021
                2008/ established on May    Cengkareng toll
                14, 2008                    road concession
                                            holder



                                           Pengusahaan jasa
                                           konstruksi dan
                                           Pemeliharaan jalan
                                           tol, jasa sewa
                PT Jasamarga Tollroad      peralatan tol, serta
                Maintenance (JMTM),        jasa sewa
                                                                                                                  10 Februari 1989/
           5    berdiri tanggal 26 Agustus kendaraan/ Services        Jakarta          99,82           99,82                                 -             2.644.488          1.919.830
                                                                                                                  February 10, 1989
                1988/ established on       in toll road
                August 26, 1988            construction and
                                           maintenance, toll
                                           road equipments
                                           rental, and vehicles
                                           rental

                PT Jasamarga Pandaan        Pengusahaan ruas         Pandaan           92,20           92,20      18 Juni 2015 /June        35

                                          Pengusahaan ruas
                PT Jasamarga Bali Tol
                                          jalan tol Nusa Dua -
                (JBT), berdiri tanggal 22
                                          Tanjung Benoa/                                                           1 Oktober 2013/
           6    Agustus 2011/                                           Bali           64,44           64,44                                45             1.940.424          1.909.164
                                          Nusa Dua - Tanjung                                                       October 1, 2013
                established on August 22,
                                          Benoa toll road
                2011
                                          concession holder



                PT Jasamarga Related        Pengembangan
                Business (JMRB), berdiri    bisnis properti/
                                                                                                                  15 Januari 2013/
           7    tanggal 15 Januari 2013/    Business                  Jakarta          99,94           99,94                                 -             2.280.121          2.184.176
                                                                                                                  January 15, 2013
                established on January      development in
                15, 2013                    property



                                            Pengusahaan ruas
                PT Jasamarga Kualanamu      jalan tol Medan-
                Tol (JMKT), berdiri         Kualanamu-Tebing
                                                                                                                  13 Oktober 2017/
           8    tanggal 25 November         tinggi/ Medan-          Deli Serdang       55,00           55,00                                40             4.072.786          3.972.723
                                                                                                                  October 13, 2017
                2014/ established on        Kualanamu-Tebing
                November 25, 2014           tinggi toll road
                                            concession holder




                                                                                         13
Page 867
PT JASA MARGA (PERSERO) Tbk                                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                          unless otherwise stated)

1.   UMUM (lanjutan)                                                                             1.     GENERAL (continued)

     e.   Entitas    anak                    yang            dikonsolidasikan                           e.     Consolidated subsidiaries (continued)
          (lanjutan)

                                                                                                                                                        Total aset sebelum eliminasi
                                                                                                                                                           (dalam jutaan rupiah)/
                                                                                     Persentase kepemilikan/        Tahun operasi      Periode masa    Total assets before elimination
                                                                                   Percentage of ownership (% )       komersial/         konsesi            (in millions of rupiah)
                                                                                                                       Start of          (Tahun)/
                      Entitas anak/           Aktivitas utama/         Domisili/
          No.                                                                          2023             2022         commercial         Concession         2023              2022
                      Subsidiaries            Principal activity       Domicile
                                                                                                                      operations       period (Year)

                                             Pengusahaan ruas
                PT Cinere Serpong Jaya
                                             jalan tol Serpong -
                (CSJ), berdiri tanggal 10                             Tangerang                                     2 Juni 2021/
           9                                 Cinere/ Serpong -                        55,00            55,00                               35             3.453.921         3.305.258
                Juli 2008/ established on                              Selatan                                      June 2, 2021
                                             Cinere toll road
                July 10, 2008
                                             concession holder

                PT Jasamarga Tollroad
                Operator (JMTO), berdiri  Jasa pengoperasian
                                                                                                                  31 Desember 2015/
          10    tanggal 21 Agustus 2015/ jalan tol/ Toll road          Jakarta        99,98            99,98                                -             1.497.041         1.309.010
                                                                                                                  December 31, 2015
                established on August 21, operation services
                2015

                PT Jasamarga Manado          Pengusahaan ruas
                Bitung (JMB), berdiri        jalan tol Manado -
                                                                                                                  30 Oktober 2020/
          11    tanggal 6 Juni 2016/         Bitung/ Manado -          Manado         64,97            64,97                               40             4.551.816         4.699.853
                                                                                                                  October 30, 2020
                established on June 6,       Bitung toll road
                2016                         concession holder



                                             Pengusahaan ruas
                PT Jasamarga Balikpapan
                                             jalan tol Balikpapan
                Samarinda (JBS), berdiri
                                             – Samarinda/                                                           14 Juni 2020/
          12    tanggal 6 Juni 2016/                                  Balikpapan      67,39            67,39                               45             9.727.438         9.986.530
                                             Balikpapan –                                                           June 14, 2020
                established on June 6,
                                             Samarinda toll road
                2016
                                             concession holder



                PT Jasamarga Transjawa       Pengusahaan ruas
                Tol (JTT), berdiri tanggal   jalan tol Trans Jawa/                                                  2 Juni 2017/
          13                                                           Jakarta        99,00            99,00                                -            60.972.603        26.040.960
                2 Juni 2017/ established     Trans Jawa toll road                                                   June 2, 2017
                on June 2, 2017              concession holder




                                             Pengusahaan ruas
                PT Jasamarga Japek           jalan tol Jakarta -
                Selatan (JJS), berdiri       Cikampek II Sisi
                                                                                                                  Tahap konstruksi/
          14    tanggal 29 Desember          Selatan/ Jakarta -        Jakarta        90,97            90,97                               35             8.544.948         6.432.102
                                                                                                                  Under construction
                2017/ established on         Cikampek II South
                December 29, 2017            Side toll road
                                             concession holder


                                             Pengusahaan ruas
                PT Jasamarga
                                             jalan tol Probolinggo
                Probolinggo Banyuwangi
                                             - Banyuwangi/
                (JPB), berdiri tanggal 29                                                                         Tahap konstruksi/
          15                                 Probolinggo -             Jakarta        94,93            94,93                               50             2.253.693           266.823
                Desember 2017/                                                                                    Under construction
                                             Banyuwangi toll
                established on December
                                             road concession
                29, 2017
                                             holder



                PT Jasamarga Jogja           Pengusahaan ruas
                Bawen (JJB), berdiri         jalan tol Yogyakarta -
                                                                                                                  Tahap konstruksi/
          16    tanggal 11 November          Bawen/ Yogyakarta -       Jakarta        63,15            60,00                               40             3.181.299         1.040.142
                                                                                                                  Under construction
                2020/ established on         Bawen toll road
                November 11, 2020            concession holder



                PT Jasamarga Akses           Pengusahaan ruas
                Patimban (JAP), berdiri      jalan tol Akses                                                            Tahap
          17    tanggal 16 Januari 2023/     Patimban/ Akses-          Jakarta        57,17              -         pengembangan/           50               986.255                  -
                established on January       Patimban toll road                                                   Under development
                16, 2023                     concession holder




                                                                                          14
Page 868
PT JASA MARGA (PERSERO) Tbk                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                      unless otherwise stated)

1.   UMUM (lanjutan)                                                                         1.    GENERAL (continued)

     e.   Entitas    anak                   yang          dikonsolidasikan                         e.       Consolidated subsidiaries (continued)
          (lanjutan)

          Entitas anak yang dimiliki Perusahaan secara                                                      The Company’s subsidiaries which indirectly
          tidak langsung melalui JMRB dan JTT adalah                                                        owned through JMRB and JTT are as follows:
          sebagai berikut:

                                                                                                                                                     Total aset sebelum eliminasi
                                                                                                                                                        (dalam jutaan rupiah)/
                                                                                  Persentase kepemilikan/         Tahun operasi     Periode masa    Total assets before elimination
                                                                                Percentage of ownership (% )        komersial/        konsesi            (in millions of rupiah)
                                                                                                                     Start of         (Tahun)/
                     Entitas anak/           Aktivitas utama/       Domisili/
          No.                                                                       2023             2022          commercial        Concession         2023              2022
                     Subsidiaries            Principal activity     Domicile
                                                                                                                    operations      period (Year)
                                             Pembangunan
                                             properti yaitu
                PT Asiana Jakarta            perumahan, gedung
                Properti                     perkantoran, dan
                (AJP), berdiri tanggal 19    apartemen/                                                        19 September 2012/
           1                                                         Jakarta       99,48           99,48                                 -                695.308           685.110
                September 2012/              Construction of                                                   September 19, 2012
                established                  property including
                on September 19, 2012        residential, office
                                             building and
                                             apartment

                PT Jasamarga Restarea
                                             Pengelolaan tempat
                Batang (JRB), berdiri
                                             peristirahatan dan
                tanggal                                                                                          1 Maret 2019/
           2                                 pelayanan/              Jakarta       89,08           89,08                                 -                113.769           118.483
                8 Januari 2019/                                                                                  March 1, 2019
                                             Rest area
                established
                                             management
                on January 8, 2019


                                             Pengusahaan ruas
                PT Jasamarga Surabaya
                                             jalan tol Surabaya -
                Mojokerto (JSM), berdiri
                                             Mojokerto/                                                         26 Agustus 2011/
           3    tanggal 19 Agustus 1994/                             Sidoarjo      55,51           55,51                                 42             4.899.189          4.948.484
                                             Surabaya -                                                          August 26, 2011
                established on August 19,
                                             Mojokerto toll road
                1994
                                             concession holder


                PT Jasamarga Gempol          Pengusahaan ruas
                Pasuruan (JGP), berdiri      jalan tol Gempol -
                                                                                                                3 Agustus 2017/
           4    tanggal 28 Juni 2010/        Pasuruan / Gempol -     Pandaan       99,35           99,35                                 45             3.477.940          3.562.714
                                                                                                                 August 3, 2017
                established on June 28,      Pasuruan toll road
                2010                         concession holder

                                          Pengusahaan ruas
                PT Jasamarga Solo Ngawi
                                          jalan tol Solo -
                (JSN), berdiri tanggal 24                                                                        26 Juni 2018/
           5                              Ngawi/ Solo - Ngawi          Solo        59,53           42,62                                 40            10.029.508        10.319.711
                Maret 2009/ established                                                                          June 26, 2018
                                          toll road concession
                on March 24, 2009
                                          holder

                PT Jasamarga Ngawi           Pengusahaan ruas
                Kertosono Kediri (JNK),      jalan tol Ngawi -
                                                                                                                  1 Mei 2018/
           6    berdiri tanggal 24 Maret     Kertosono/ Ngawi -      Madiun        59,60           45,03                                 35             4.870.831          4.814.203
                                                                                                                  May 1, 2018
                2009/ established on         Kertosono toll road
                March 24, 2009               concession holder

                PT Jasamarga Semarang        Pengusahaan ruas
                Batang (JSB), berdiri        jalan tol Semarang -
                                                                                                               12 November 2018/
           7    tanggal 21 April 2016/       Batang/ Semarang -     Semarang       59,80           44,18                                 45            12.519.352        12.746.879
                                                                                                               November 12, 2018
                established on April 21,     Batang toll road
                2016                         concession holder

                                             Sebagai special
                                             purpose company
                                             terkait pengelolaan
                PT Lintas Marga Jawa
                                             saham JSN, JNK,
                (LMJ), berdiri tanggal 26
                                             JSB/ As a special                                                 26 Februari 2018/
           8    Februari 2018/                                       Jakarta       97,32             -                                   -              1.989.627          1.989.999
                                             purpose company                                                   February 26, 2018
                established on February
                                             related to the
                26, 2018
                                             management of
                                             JSB, JSN, JNK
                                             Shares




                                                                                      15
Page 869
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)

1.   UMUM (lanjutan)                                                1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                      f.    Changes in ownership in subsidiaries during
          tahun berjalan                                                       the year

          PT Jasamarga Tollroad Operator (JMTO)                                PT Jasamarga Tollroad Operator (JMTO)

          Berdasarkan Akta Notaris No. 19 tanggal                              Based on Notarial Deed No. 19 dated August 7,
          7 Agustus 2023 dari Notaris Neilly Iralita Iswari,                   2023 from Notary Neilly Iralita Iswari, S.H.,
          S.H., M.Si., M.Kn. dan surat pengesahan dari                         M.Si., M.Kn. and a letter of endorsement from
          Kementerian Hukum dan Hak Asasi Manusia                              the Ministry of Law and Human Rights of the
          Republik Indonesia No. AHU-AH.01.03-                                 Republic of Indonesia No. AHU-AH.01.03-
          0110304 tanggal 25 Agustus 2023, para                                0110304 dated August 25, 2023, the
          pemegang       saham     menyetujui         untuk                    shareholders agreed to increase the issued and
          meningkatkan modal ditempatkan dan disetor                           paid-up capital of Rp13,424 or as many as
          sebesar Rp13.424 atau sebanyak 13.423.910                            13,423,910 shares in non-cash or in the form of
          lembar saham secara non-tunai atau berupa                            inbreng on the Jasamarga Tollroad Command
          inbreng atas Aset Jasamarga Tollroad                                 Center by the Company and Rp2 or as many as
          Command Center oleh Perusahaan dan                                   2,702 shares in cash by Induk Koperasi
          sebesar Rp2 atau sebanyak 2.702 lembar                               Karyawan Jasa Marga so that share ownership
          saham secara tunai oleh Induk Koperasi                               in PT JMTO is as follows:
          Karyawan Jasa Marga sehingga kepemilikan
          saham pada PT JMTO menjadi sebagai berikut:

          1.   Perusahaan       sebagai   pemilik   atas                      1.   The Company as the owner of 241,977,910
               241.977.910 lembar saham atau setara                                shares or equivalent to Rp241,978 which
               dengan Rp241.978 yang mewakili 99,98%                               represents 99.98% of the total issued
               dari total seluruh saham yang telah                                 shares; and
               diterbitkan; dan
          2.   Induk Koperasi Karyawan Jasa Marga                             2.   Induk Koperasi Karyawan Jasa Marga as
               sebagai pemilik atas 48.702 lembar saham                            the owner of 48,702 shares or equivalent to
               atau setara dengan Rp48 yang mewakili                               Rp48 which represents 0.02% of the total
               0,02% dari total seluruh saham yang telah                           issued shares.
               diterbitkan.

          Struktur permodalan JMTO saat ini adalah                            The current capital structure of JMTO is as
          sebagai berikut:                                                    follows:

          1. Harga nominal per lembar saham Rp1.000                           1.   The nominal price per share is Rp1,000 (full
             (Rupiah penuh).                                                       Rupiah).
          2. Modal dasar sebesar Rp250.000.                                   2.   Authorized capital of Rp250,000.
          3. Modal ditempatkan sebesar Rp242.026.                             3.   The issued capital is Rp242,026.




                                                               16
Page 870
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

1.   UMUM (lanjutan)                                             1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                   f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                         the year (continued)

          PT Jasamarga Japek Selatan (JJS)                                  PT Jasamarga Japek Selatan (JJS)

          Berdasarkan Akta Notaris No. 09 tanggal                           Based on Notarial Deed No. 09 dated
          21 Desember 2023 dari Notaris Rina Utami                          December 21, 2023 from Notary Rina Utami
          Djauhari, S.H., dan surat persetujuan dari                        Djauhari, S.H., and a letter of approval from the
          Kementerian Hukum dan Hak Asasi Manusia                           Ministry of Law and Human Rights of the
          Republik Indonesia No. AHU-AH.01.03-                              Republic of Indonesia No. AHU-AH.01.03-
          0162805 tanggal 27 Desember 2023, para                            0162805 dated December 27, 2023, the
          pemegang      saham    menyetujui    untuk                        shareholders agreed to increase the issued and
          meningkatkan modal ditempatkan dan disetor                        paid-up capital of Rp145,552 or as many as
          sebesar Rp145.552 atau sebanyak 145.552                           145,552 shares in cash by the Company and
          lembar saham secara tunai oleh Perusahaan                         Rp14,448 or as many as 14,448 shares in cash
          dan sebesar Rp14.448 atau sebanyak 14.448                         by PT Wiranusantara Bumi so that share
          lembar    saham     secara    tunai   oleh                        ownership in PT JJS is as follows:
          PT Wiranusantara Bumi sehingga kepemilikan
          saham pada PT JJS menjadi sebagai berikut:

          1.   Perusahaan       sebagai    pemilik   atas                   1. The Company as the owner of 2,354,528
               2.354.528 lembar saham atau setara                              shares or equivalent to Rp2,354,528 which
               dengan Rp2.354.528 yang mewakili                                represents 90.97% of the total issued
               90,97% dari total seluruh saham yang telah                      shares; and
               diterbitkan; dan
          2.   PT Wiranusantara Bumi sebagai pemilik                        2. PT Wiranusantara Bumi as the owner of
               atas 233.612 lembar saham atau setara                           233,612 shares or equivalent to Rp233,612
               dengan Rp233.612 yang mewakili 9,03%                            which represents 9.03% of the total issued
               dari total seluruh saham yang telah                             shares.
               diterbitkan.

          Struktur permodalan JJS saat ini adalah                          The current capital structure of JJS is as follows:
          sebagai berikut:

          1.   Harga nominal per lembar saham                              1.   The par value per share is Rp1,000,000 (full
               Rp1.000.000 (Rupiah penuh).                                      Rupiah).
          2.   Modal dasar sebesar Rp2.588.140.                            2.   Authorized capital of Rp2,588,140.
          3.   Modal ditempatkan sebesar Rp2.588.140.                      3.   The issued capital is Rp2,588,140.

          PT Jasamarga Probolinggo Banyuwangi                              PT Jasamarga Probolinggo Banyuwangi
          (JPB)                                                            (JPB)

          Berdasarkan Akta Notaris No. 01 tanggal                          Based on Notarial Deed No. 01 dated
          6 September 2023 dari Notaris Rina Utami                         September 6, 2023 from Notary Rina Utami
          Djauhari, S.H., dan surat persetujuan dari                       Djauhari, S.H., and a letter of approval from the
          Kementerian Hukum dan Hak Asasi Manusia                          Ministry of Law and Human Rights of the
          Republik Indonesia No. AHU-AH.01.03-                             Republic of Indonesia No. AHU-AH.01.03-
          0114693 tanggal 7 September 2023, para                           0114693 dated September 7, 2023, the
          pemegang      saham     menyetujui   untuk                       shareholders agreed to increase the issued and
          meningkatkan modal ditempatkan dan disetor                       paid-up capital of Rp22,800 or as many as
          sebesar Rp22.800 atau sebanyak 22.800                            22,800 shares in cash by the Company and
          lembar saham secara tunai oleh Perusahaan                        Rp1,200 or as many as 1,200 shares in cash by
          dan sebesar Rp1.200 atau sebanyak 1.200                          PT Brantas Abipraya so that share ownership in
          lembar saham secara tunai oleh PT Brantas                        PT JPB is as follows:
          Abipraya sehingga kepemilikan saham pada
          PT JPB menjadi sebagai berikut:



                                                            17
Page 871
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

1.   UMUM (lanjutan)                                              1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                    f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                          the year (continued)

          PT Jasamarga Probolinggo Banyuwangi                               PT Jasamarga Probolinggo Banyuwangi
          (JPB) (lanjutan)                                                  (JPB) (continued)

          1.   Perusahaan sebagai pemilik atas 288.373                      1.   The Company as the owner of 288,373
               lembar saham atau setara dengan                                   shares or equivalent to Rp288,373 which
               Rp288.373 yang mewakili 94,93% dari                               represents 94.93% of the total issued
               total seluruh saham yang telah diterbitkan;                       shares;
          2.   PT Brantas Abipraya (Persero) sebagai                        2.   PT Brantas Abipraya (Persero) as the owner
               pemilik atas 15.188 lembar saham atau                             of 15,188 shares or equivalent to Rp15,188
               setara dengan Rp15.188 yang mewakili                              which represents 5% of the total issued
               5% dari total seluruh saham yang telah                            shares; and
               diterbitkan; dan
          3.   PT Waskita Toll Road sebagai pemilik atas                    3.   PT Waskita Toll Road as the owner of 200
               200 lembar saham atau setara dengan                               shares or equivalent to Rp200 which
               Rp200 yang mewakili 0,07% dari total                              represents 0.07% of the total issued shares.
               seluruh saham yang telah diterbitkan.

          Struktur permodalan JPB saat ini adalah                           The current capital structure of JPB is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                                 1.   The par value per share is Rp1,000,000 (full
             Rp1.000.000 (Rupiah penuh).                                         Rupiah).
          2. Modal dasar sebesar Rp600.000.                                 2.   Authorized capital of Rp600,000.
          3. Modal ditempatkan sebesar Rp303.761.                           3.   The issued capital is Rp303,761.

          PT Jasamarga Jogja Bawen (JJB)                                     PT Jasamarga Jogja Bawen (JJB)

          Berdasarkan Akta Notaris No. 05 tanggal                            Based on Notarial Deed No. 05 dated
          18 April 2023 dari Notaris Inne Kusumawati,                        April 18, 2023 from Notary Inne Kusumawati,
          S.H., dan surat persetujuan dari Kementerian                       S.H., and a letter of approval from the Ministry
          Hukum dan Hak Asasi Manusia Republik                               of Law and Human Rights of the Republic of
          Indonesia No. AHU-AH.01.03-0059172 tanggal                         Indonesia No. AHU-AH.01.03-0059172 dated
          4 Mei 2023, para pemegang saham menyetujui                         May 4, 2023, the shareholders agreed to
          untuk meningkatkan modal ditempatkan dan                           increase the issued and paid-up capital which
          disetor yang semula Rp108.000 atau sebanyak                        was originally Rp108,000 or as many as
          108.000 lembar saham, menjadi sebagai                              108,000 shares, to be as follows:
          berikut:

          1.   Perusahaan        meningkatkan      modal                     1. The Company increase the issued and paid-
               ditempatkan     dan    disetor    sebesar                        up capital of Rp42,960 or as many as 42,960
               Rp42.960 atau sebanyak 42.960 lembar                             shares making the Company as the owner
               saham menjadikan Perusahaan sebagai                              of 107,760 shares or equivalent to
               pemilik atas 107.760 lembar saham atau                           Rp107,760 representing 63.15% of the total
               setara dengan Rp107.760 yang mewakili                            issued shares, which was originally had
               63,15% dari total seluruh saham yang                             Rp64,800 or as many as 64,800 shares
               telah diterbitkan, yang semula memiliki                          representing 60.00% of the total issued
               Rp64.800 atau sebanyak 64.800 lembar                             shares;
               saham yang mewakili 60,00% dari total
               seluruh saham yang telah diterbitkan;




                                                             18
Page 872
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                              1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                    f.   Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                         the year (continued)

          PT Jasamarga Jogja Bawen (JJB) (lanjutan)                         PT    Jasamarga     Jogja      Bawen       (JJB)
                                                                            (continued)

          2.   PT      Adhi     Karya    (Persero)    Tbk                   2.   PT Adhi Karya (Persero) Tbk increase the
               meningkatkan modal ditempatkan dan                                issued and paid-up capital of Rp8,950 or
               disetor sebesar Rp8.950 atau sebanyak                             as many as 8,950 shares making PT Adhi
               8.950 lembar saham menjadikan PT Adhi                             Karya as the owner of 22,450 shares or
               Karya sebagai pemilik atas 22.450 lembar                          equivalent to Rp22,450 which represents
               saham atau setara dengan Rp22.450 yang                            13.16% of the total issued shares, which
               mewakili 13,16% dari total seluruh saham                          was originally had Rp13,500 or as many as
               yang telah diterbitkan, yang semula                               13,500 shares representing 12.50% of the
               memiliki Rp13.500 atau sebanyak 13.500                            total issued shares;
               lembar saham yang mewakili 12,50% dari
               total seluruh saham yang telah diterbitkan;
          3.   PT Pembangunan Perumahan (Persero)                           3.   PT Pembangunan Perumahan (Persero)
               Tbk meningkatkan modal ditempatkan dan                            Tbk increase the issued and paid-up
               disetor sebesar Rp8.950 atau sebanyak                             capital of Rp8,950 or as many as 8,950
               8.950      lembar    saham     menjadikan                         shares     making   PT     Pembangunan
               PT Pembangunan Perumahan sebagai                                  Perumahan as the owner of 22,450 shares
               pemilik atas 22.450 lembar saham atau                             or equivalent to Rp22,450 which
               setara dengan Rp22.450 yang mewakili                              represents 13.16% of the total issued
               13,16% dari total seluruh saham yang                              shares, which originally had Rp13,500 or
               telah diterbitkan, yang semula memiliki                           as many as 13,500 shares which
               Rp13.500 atau sebanyak 13.500 lembar                              represents 12.50% of the total issued
               saham yang mewakili 12,50% dari total                             shares;
               seluruh saham yang telah diterbitkan;
          4.   PT Waskita Karya (Persero) Tbk sebagai                       4.   PT Waskita Karya (Persero) Tbk as the
               pemilik atas 13.500 lembar saham atau                             owner of 13,500 shares or equivalent to
               setara dengan Rp13.500 yang mewakili                              Rp13,500 which represents 7.91% of the
               7,91% dari total seluruh saham yang telah                         total issued shares; and
               diterbitkan; dan
          5.   PT       Brantas     Abipraya    (Persero)                   5.   PT Brantas Abipraya (Persero) increase
               meningkatkan modal ditempatkan dan                                the issued and paid-up capital of Rp1,790
               disetor sebesar Rp1.790 atau sebanyak                             or as many as 1,790 shares making PT
               1.790      lembar    saham     menjadikan                         Brantas Abipraya as the owner of 4,490
               PT Brantas Abipraya sebagai pemilik atas                          shares or equivalent to Rp4,490 which
               4.490 lembar saham atau setara dengan                             represents 2.63% of the total issued
               Rp4.490 yang mewakili 2,63% dari total                            shares, which was originally had Rp2,700
               seluruh saham yang telah diterbitkan, yang                        or as many as 2,700 shares which
               semula memiliki Rp2.700 atau sebanyak                             represents 2.50% of the total issued
               2.700 lembar saham yang mewakili 2,50%                            shares.
               dari total seluruh saham yang telah
               diterbitkan.




                                                             19
Page 873
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

1.   UMUM (lanjutan)                                           1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                 f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                       the year (continued)

          PT Jasamarga Jogja Bawen (JJB) (lanjutan)                      PT    Jasamarga        Jogja     Bawen       (JJB)
                                                                         (continued)

          Struktur permodalan JJB saat ini adalah                        The current capital structure of JJB is as follows:
          sebagai berikut:

          1.   Harga nominal per lembar saham                            1.   The par value per share is Rp1,000,000 (full
               Rp1.000.000 (Rupiah penuh).                                    Rupiah).
          2.   Modal dasar sebesar Rp300.000.                            2.   Authorized capital of Rp300,000.
          3.   Modal ditempatkan sebesar Rp170.650.                      3.   The issued capital is Rp170,650.

          PT Jasamarga Akses Patimban (JAP)                              PT Jasamarga Akses Patimban (JAP)

          JAP didirikan berdasarkan Akta Notaris                         JAP was established based on Notarial Deed
          No. 32 tanggal 16 Januari 2023 dibuat oleh                     No. 32 dated January 16, 2023 made by Cindy
          Cindy Annisa Mulia, S.H., M.Kn. dan disahkan                   Annisa Mulia, S.H., M.Kn. and authorized by the
          oleh Menteri Hukum dan Hak Asasi Manusia                       Minister of Law and Human Rights of the
          Republik Indonesia dengan Surat Keputusan                      Republic of Indonesia in its Decision Letter No.
          AHU-0004789.AH.01.01 tanggal 20 Januari                        AHU-0004789.AH.01.01 dated January 20,
          2023,     dalam     rangka    melaksanakan                     2023, aimed to develop the concession of the
          pengusahaan ruas jalan tol Akses Patimban.                     Akses Patimban toll road section. Based on
          Berdasarkan Akta Notaris No. 07 tanggal                        Notarial Deed No. 07 dated November 23, 2023
          23 November 2023 dari Notaris Rina Utami                       from Notary Rina Utami Djauhari, S.H., and a
          Djauhari, S.H., dan surat persetujuan dari                     letter of approval from the Ministry of Law and
          Kementerian Hukum dan Hak Asasi Manusia                        Human Rights of the Republic of Indonesia No.
          Republik Indonesia No. AHU-AH.01.03-                           AHU-AH.01.03-0140031 dated November 30,
          0149031 tanggal 30 November 2023, para                         2023, the shareholders agreed to increase the
          pemegang      saham      menyetujui    untuk                   issued and paid-up capital which was originally
          meningkatkan modal ditempatkan dan disetor                     Rp25,000 or as many as 25,000 shares, to be as
          yang semula Rp25.000 atau sebanyak 25.000                      follows:
          lembar saham, menjadi sebagai berikut:

          1.   Perusahaan       meningkatkan      modal                  1.   The Company increased its issued and
               ditempatkan     dan    disetor   sebesar                       paid-up capital by Rp23,650 or as many as
               Rp23.650 atau sebanyak 23.650 lembar                           23,650 shares, making the Company the
               saham menjadikan Perusahaan sebagai                            owner of 37,400 shares or equivalent to
               pemilik atas 37.400 lembar saham atau                          Rp37,400 which represents 57.17% of the
               setara dengan Rp37.400 yang mewakili                           total issued shares, which originally owned
               57,17% dari total seluruh saham yang                           Rp13,750 or as many as 13,750 shares
               telah diterbitkan, yang semula memiliki                        which represents 55% of the total issued
               Rp13.750 atau sebanyak 13.750 lembar                           shares;
               saham yang mewakili 55% dari total
               seluruh saham yang telah diterbitkan;

          2.   PT Nusa Raya Cipta Tbk meningkatkan                       2.   PT Nusa Raya Cipta Tbk increased its
               modal ditempatkan dan disetor sebesar                          issued and paid-up capital by Rp9,460 or as
               Rp9.460 atau sebanyak 9.460 lembar                             many as 9,460 shares, making PT Nusa
               saham menjadikan PT Nusa Raya Cipta                            Raya Cipta Tbk the owner of 14,960 shares
               Tbk sebagai pemilik atas 14.960 lembar                         or equivalent to Rp14,960 which represents
               saham atau setara dengan Rp14.960                              22.87% of the total issued shares, which
               yang mewakili 22,87% dari total seluruh                        originally owned Rp5,500 or as many as
               saham yang telah diterbitkan, yang                             5,500 shares which represents 22% of the
               semula memiliki Rp5.500 atau sebanyak                          total issued shares;
               5.500 lembar saham yang mewakili 22%
               dari total seluruh saham yang telah
               diterbitkan;

                                                          20
Page 874
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                            1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                  f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                        the year (continued)

          PT Jasamarga       Akses     Patimban   (JAP)                   PT Jasamarga         Akses    Patimban       (JAP)
          (lanjutan)                                                      (continued)

          3.   PT     Adhi   Karya     (Persero)     Tbk                  3.   PT Adhi Karya (Persero) Tbk increased its
               meningkatkan modal ditempatkan dan                              issued and paid-up capital by Rp2,580 or as
               disetor sebesar Rp2.580 atau sebanyak                           many as 2,580 shares, making PT Adhi
               2.580 lembar saham menjadikan PT Adhi                           Karya the owner of 4,080 shares or
               Karya sebagai pemilik atas 4.080 lembar                         equivalent to Rp4,080 which represents
               saham atau setara dengan Rp4.080 yang                           6.24% of the total issued shares, which
               mewakili 6,24% dari total seluruh saham                         originally owned Rp1,500 or as many as
               yang telah diterbitkan, yang semula                             1,500 shares which represents 6% of the
               memiliki Rp1.500 atau sebanyak 1.500                            total issued shares;
               lembar saham yang mewakili 6% dari total
               seluruh saham yang telah diterbitkan;

          4.   PT PP (Persero) Tbk meningkatkan                           4.   PT PP (Persero) Tbk increased its issued
               modal ditempatkan dan disetor sebesar                           and paid-up capital by Rp2,580 or as many
               Rp2.580 atau sebanyak 2.580 lembar                              as 2,580 shares making PT PP (Persero)
               saham menjadikan PT PP (Persero) Tbk                            Tbk the owner of 4,080 shares or equivalent
               sebagai pemilik atas 4.080 lembar saham                         to Rp4,080 which represents 6.24% of the
               atau setara dengan Rp4.080 yang                                 total issued shares, which originally owned
               mewakili 6,24% dari total seluruh saham                         Rp1,500 or as many as 1,500 shares which
               yang telah diterbitkan, yang semula                             represents 6% of the total issued shares;
               memiliki Rp1.500 atau sebanyak 1.500
               lembar saham yang mewakili 6% dari total
               seluruh saham yang telah diterbitkan;

          5.   PT Wijaya Karya (Persero) Tbk sebagai                      5.   PT Wijaya Karya (Persero) Tbk as the
               pemilik atas 1.500 lembar saham atau                            owner of 1,500 shares or equivalent to
               setara dengan Rp1.500 yang mewakili                             Rp1,500 which represents 2.29% of the total
               2,29% dari total seluruh saham yang telah                       shares issued in JAP; and
               diterbitkan di JAP; dan

          6.   PT Subang Sejahtera meningkatkan                           6.   PT Subang Sejahtera increased its issued
               modal ditempatkan dan disetor sebesar                           and paid-up capital by Rp2,150 or as many
               Rp2.150 atau sebanyak 2.150 lembar                              as 2,150 shares, making PT Subang
               saham menjadikan PT Subang Sejahtera                            Sejahtera the owner of 3,400 shares or
               sebagai pemilik atas 3.400 lembar saham                         equivalent to Rp3,400 which represents
               atau setara dengan Rp3.400 yang                                 5.2% of the total issued shares, which
               mewakili 5,2% dari total seluruh saham                          originally owned Rp1,250 or as many as
               yang telah diterbitkan, yang semula                             1,250 shares which represents 5% of the
               memiliki Rp1.250 atau sebanyak 1.250                            total issued shares.
               lembar saham yang mewakili 5% dari total
               seluruh saham yang telah diterbitkan.

          Struktur permodalan JAP saat ini adalah                         The current capital structure of JAP is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham                               1.   The par value per share is Rp1,000,000 (full
             Rp1.000.000 (Rupiah penuh).                                       Rupiah).
          2. Modal dasar sebesar Rp100.000.                               2.   Authorized capital of Rp100,000.
          3. Modal ditempatkan sebesar Rp65.420.                          3.   The issued capital is Rp65,420.




                                                           21
Page 875
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                            1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                  f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                        the year (continued)

          PT Jasamarga Solo Ngawi (JSN)                                    PT Jasamarga Solo Ngawi (JSN)

          Berdasarkan Akta Notaris No. 20 tanggal                          Based on Notarial Deed No. 20 dated July 27,
          27 Juli 2023 dari Notaris Mudita Chitta Odang,                   2023 from Notary Mudita Chitta Odang, S.H.,
          S.H., M.Kn., komposisi kepemilikan saham                         M.Kn., the composition of share ownership in
          pada JSN sebagai berikut:                                        JSN is as follows:

          1.   PT Jasamarga Transjawa Tol sebagai                          1.   PT Jasamarga Transjawa Tol as the owner
               pemilik atas 72.035.758 lembar saham                             of 72,035,758 shares or equivalent to
               atau setara dengan Rp1.584.787 yang                              Rp1,584,787 which represents 43% of the
               mewakili 43% dari total seluruh saham                            total issued shares;
               yang telah diterbitkan;
          2.   Kings Key Limited sebagai pemilik atas                      2.   Kings Key Limited as the owner of
               67.607.830 lembar saham atau setara                              67,607,830 shares or equivalent to
               dengan Rp1.487.372 yang mewakili 40%                             Rp1,487,372 which represents 40% of the
               dari total seluruh saham yang telah                              total issued shares; and
               diterbitkan; dan
          3.   PT Lintas Marga Jawa sebagai pemilik atas                   3.   PT Lintas Marga Jawa as the owner of
               29.375.987 lembar saham atau setara                              29,375,987 shares or equivalent to
               dengan Rp646.272 yang mewakili 17%                               Rp646,272 which represents 17% of the
               dari total seluruh saham yang telah                              total issued shares.
               diterbitkan.

          Struktur permodalan JSN saat ini adalah                         The current capital structure of JSN is as follows:
          sebagai berikut:

          1. Harga nominal per lembar saham Rp22.000                      1.    The par value per share is Rp22,000 (full
             (Rupiah penuh).                                                    Rupiah).
          2. Modal dasar sebesar Rp3.718.431.                             2.    Authorized capital of Rp3,718,431.
          3. Modal ditempatkan sebesar Rp3.718.431.                       3.    The issued capital is Rp3,718,431.

          PT Jasamarga Ngawi Kertosono Kediri                              PT Jasamarga Ngawi Kertosono Kediri
          (JNK)                                                            (JNK)

          Berdasarkan Akta Notaris No. 21 tanggal                          Based on Notarial Deed No. 21 dated July 27,
          27 Juli 2023 dari Notaris Mudita Chitta Odang,                   2023 from Notary Mudita Chitta Odang, S.H.,
          S.H., M.Kn., komposisi kepemilikan saham                         M.Kn., the composition of share ownership in
          pada JNK sebagai berikut:                                        JNK is as follows:

          1.   PT Jasamarga Transjawa Tol sebagai                         1.    PT Jasamarga Transjawa Tol as the owner
               pemilik atas 34.070.766 lembar saham                             of 34,070,766 shares or equivalent to
               atau setara dengan Rp749.557 yang                                Rp749,557 which represents 45% of the
               mewakili 45% dari total seluruh saham                            total issued shares;
               yang telah diterbitkan;
          2.   Kings Key Limited sebagai pemilik atas                     2.    Kings Key Limited as the owner of
               30.264.368 lembar saham atau setara                              30,264,368 shares or equivalent to
               dengan Rp665.816 yang mewakili 40%                               Rp665,816 which which represents 40% of
               dari total seluruh saham yang telah                              the total issued shares; and
               diterbitkan; dan




                                                           22
Page 876
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

1.   UMUM (lanjutan)                                            1.   GENERAL (continued)

     f.   Perubahan kepemilikan entitas anak selama                  f.    Changes in ownership in subsidiaries during
          tahun berjalan (lanjutan)                                        the year (continued)

          PT Jasamarga Ngawi Kertosono Kediri                              PT Jasamarga Ngawi Kertosono Kediri
          (JNK) (lanjutan)                                                 (JNK) (continued)

          3.   PT Lintas Marga Jawa sebagai pemilik atas                   3.   PT Lintas Marga Jawa as the owner of
               11.325.786 lembar saham atau setara                              11,325,786 shares or equivalent to
               dengan Rp249.167 yang mewakili 15%                               Rp249,167 which represents 15% of the
               dari total seluruh saham yang telah                              total issued shares.
               diterbitkan.

          Struktur permodalan JNK saat ini adalah                         The current capital structure of JNK is as follows:
          sebagai berikut:

          1.   Harga nominal per lembar saham                              1.   The par value per share is Rp22,000 (full
               Rp22.000 (Rupiah penuh).                                         Rupiah).
          2.   Modal dasar sebesar Rp2.000.075.                            2.   Authorized capital of Rp2,000,075.
          3.   Modal ditempatkan sebesar Rp1.664.540.                      3.   The issued capital is Rp1,664,540.

          PT Jasamarga Semarang Batang (JSB)                               PT Jasamarga Semarang Batang (JSB)

          Berdasarkan Akta Notaris No. 12 tanggal                          Based on Notarial Deed No. 12 dated
          5 Desember 2022 dari Notaris Mala Mukti, S.H.,                   December 5, 2022 from Notary Mala Mukti,
          LL.M., komposisi kepemilikan saham pada JSB                      S.H., LL.M., the composition of share
          sebagai berikut:                                                 ownership in JSB is as follows:

          1.   PT Jasamarga Transjawa Tol sebagai                         1.    PT Jasamarga Transjawa Tol as the owner
               pemilik atas 1.846.112.128 lembar saham                          of 1,846,112,128 shares or equivalent to
               atau setara dengan Rp1.846.112 yang                              Rp1,846,112 which represents 44% of the
               mewakili 44% dari total seluruh saham                            total issued shares;
               yang telah diterbitkan;
          2.   Kings Bless Limited sebagai pemilik atas                    2.   Kings Bless Limited as the owner of
               1.662.045.760 lembar saham atau setara                           1,662,045,760 shares or equivalent to
               dengan Rp1.662.046 yang mewakili 40%                             Rp1,662,046 which represents 40% of the
               dari total seluruh saham yang telah                              total issued shares; and
               diterbitkan; dan
          3.   PT Lintas Marga Jawa sebagai pemilik atas                   3.   PT Lintas Marga Jawa as the owner of
               670.506.512 lembar saham atau setara                             670,506,512 shares or equivalent to
               dengan Rp670.506 yang mewakili 16%                               Rp670,506 which represents 16% of the
               dari total seluruh saham yang telah                              total issued shares.
               diterbitkan.

          Struktur permodalan JSB saat ini adalah                         The current capital structure of JSB is as follows:
          sebagai berikut:

          1.   Harga nominal per lembar saham                              1.   The par value per share is Rp1,000,000
               Rp1.000.000 (Rupiah penuh).                                      (full Rupiah).
          2.   Modal dasar sebesar Rp4.346.858.                            2.   Authorized capital of Rp4,346,858.
          3.   Modal ditempatkan sebesar Rp4.178.664.                      3.   The issued capital is Rp4,178,664.




                                                           23
Page 877
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

1.   UMUM (lanjutan)                                             1.   GENERAL (continued)

     g.   Kombinasi bisnis                                            g.   Business combination

          Pada tanggal 27 Juli 2023, PT Jasamarga                           On July 27, 2023, PT Jasamarga Transjawa
          Transjawa Tol menerima pengalihan hak                             Tol received the transfer of ownership rights to
          kepemilikan atas seluruh saham milik Reksa                        all shares belonging to the Reksa Dana
          Dana Penyertaan Terbatas Mandiri Infrastruktur                    Penyertaan Terbatas Mandiri Infrastruktur
          Ekuitas Transjawa pada PT Lintas Marga Jawa                       Ekuitas Transjawa to PT Lintas Marga Jawa
          sebanyak    194.336.593     lembar    saham.                      totaling 194,336,593 shares. This transfer is
          Pengalihan ini merupakan bagian dari                              part of the dissolution and liquidation of the
          pembubaran dan likuidasi Reksa Dana                               Reksa Dana Penyertaan Terbatas Mandiri
          Penyertaan Terbatas Mandiri Infrastruktur                         Infrastruktur Ekuitas Transjawa (Note 5).
          Ekuitas Transjawa (Catatan 5).

          Kegiatan utama PT Lintas Marga Jawa adalah                       The main activity of PT Lintas Marga Jawa is as
          sebagai Perusahaan induk atas investasi                          a holding company for share investments in
          saham pada tiga Perusahaan yang bergerak                         three companies engaged in toll road
          dalam    pengusahaan     jalan   tol  yaitu                      operations, namely PT Jasamarga Semarang
          PT Jasamarga Semarang Batang, PT                                 Batang, PT Jasamarga Solo Ngawi and
          Jasamarga Solo Ngawi dan PT Jasamarga                            PT Jasamarga Ngawi Kertosono Kediri, with
          Ngawi Kertosono Kediri, dengan persentase                        ownership percentages of 16%, 17% and 15%,
          kepemilikan masing-masing sebesar 16%, 17%                       respectively.
          dan 15%.

          Setelah pengalihan ini, PT Jasamarga                             After this transfer, PT Jasamarga Transjawa Tol
          Transjawa Tol memperoleh pengendalian                            obtained direct and indirect control over
          langsung dan tidak langsung atas PT Lintas                       PT Lintas Marga Jawa, PT Jasamarga
          Marga Jawa, PT Jasamarga Semarang Batang,                        Semarang Batang, PT Jasamarga Solo Ngawi
          PT Jasamarga Solo Ngawi dan PT Jasamarga                         and PT Jasamarga Ngawi Kertosono Kediri with
          Ngawi Kertosono Kediri dengan persentase                         ownership percentages of 97.32%, 59.80%,
          kepemilikan pada masing-masing sebesar                           59.53% and 59.60%, respectively.
          97,32%, 59,80%, 59,53% dan 59,60%.

          Sebelum        pengendalian          diperoleh,                  Before control was obtained, PT Jasamarga
          PT Jasamarga Transjawa Tol memiliki                              Transjawa Tol had direct ownership of
          kepemilikan langsung atas PT Jasamarga                           PT Jasamarga Semarang Batang, PT
          Semarang Batang, PT Jasamarga Solo Ngawi                         Jasamarga Solo Ngawi and PT Jasamarga
          dan PT Jasamarga Ngawi Kertosono Kediri                          Ngawi    Kertosono    Kediri which these
          yang mana Investasi ini diperhitungkan dengan                    investments were accounted for using the
          menggunakan metode ekuitas (Catatan 10).                         equity method (Note 10).

          Sebagai bagian dari akuntansi kombinasi                          As part of business combination accounting, the
          bisnis,   Perusahaan      mengukur     kembali                   Company remeasures its prior holdings at fair
          kepemilikan sebelumnya pada nilai wajar dan                      value and uses that value to determine the
          menggunakan nilai tersebut untuk menentukan                      value of goodwill. The remeasurement uses an
          nilai    goodwill.    Pengukuran       kembali                   income approach method calculated by an
          menggunakan metode penilaian pendapatan                          independent appraiser.
          yang dihitung oleh penilai independen.




                                                            24
Page 878
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

1.   UMUM (lanjutan)                                              1.   GENERAL (continued)

     g.   Kombinasi bisnis (lanjutan)                                  g.       Business combination (continued)

          Keuntungan dari pengukuran kembali nilai                              The gain from remeasurement of fair value
          wajar kepemilikan sebagai entitas asosiasi oleh                       revaluation of ownership as an associated by
          PT Jasamarga Transjawa Tol yang diakui                                PT Jasamarga Transjawa Tol which are
          dalam laba rugi adalah sebagai berikut:                               recognized in profit or loss are as follows:

                                                            28 Juli 2023/
                                                            July 28, 2023

          Nilai wajar atas entitas                                                                   Fair value of the ownership interest
            Asosiasi yang sebelumnya dimiliki                       7.752.591         on investment in Associates that previously held
          Nilai tercatat investasi asosiasi                       (3.735.227)               Carrying amount of investment in associates
          Keuntungan                                                4.017.364                                                       Gain


          Kerugian dari pengukuran kembali nilai wajar                           The losses from from remeasurement of fair
          kepemilikan dari investasi jangka pendek oleh                          value of ownership of short-term investments
          PT Jasamarga Transjawa Tol yang diakui                                 by PT Jasamarga Transjawa Tol which are
          dalam laba rugi adalah sebagai berikut:                                recognized in profit or loss are as follows:

                                                            28 Juli 2023/
                                                            July 28, 2023
          Nilai wajar atas investasi jangka pendek                  1.929.240                        Fair value of short-term investment
          Nilai tercatat investasi jangka pendek                   (2.892.927)                 Carrying amount of short-term invesment
          Kerugian                                                   (963.687)                                                      Loss



          Keuntungan atau kerugian kumulatif dari                               Cumulative gains or losses from short-term
          investasi jangka pendek yang diakui sebagai                           investments     recognized    as     other
          penghasilan          komprehensif    lainnya                          comprehensive income are reclassified to
          direklasifikasi ke laba rugi.                                         profit or loss.

          Pada saat tanggal akuisisi, nilai wajar aset                          As at the acquisition date, the fair value of net
          bersih atas entitas yang diakuisisi adalah                            assets acquired of entities is as follows:
          sebagai berikut:

                                                            28 Juli 2023/
                                                            July 28, 2023
          Kas setara kas                                              366.494                                 Cash and cash equivalents
          Aset lancar                                                 649.670                                                Current assets
          Aset tetap (Catatan 11)                                      34.111                                     Fixed assets (Notes 11)
          Aset takberwujud - neto                                                                                  Intangible assets - net
             Hak pengusahaan jalan tol (Catatan 13)                37.972.418                  Toll road concession rights (Notes 13)
             Lainnya (Catatan 14)                                         233                                        Others (Notes 11)
          Aset tidak lancar lainnya                                   185.976                                          Non-current assets
          Liabilitas jangka pendek                                  (644.967)                                            Current liabilities
          Liabilitas pajak tangguhan (Catatan 18.c)               (3.766.073)                         Deffered tax liabilities (Notes 18.c)
          Liabilitas jangka panjang                              (16.899.653)                                      Non-current liabilities
          Nilai wajar aset bersih                                 17.898.209                                     Fair value of net assets




                                                            25
Page 879
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

1.   UMUM (lanjutan)                                               1.   GENERAL (continued)

     g.   Kombinasi bisnis (lanjutan)                                   g.      Business combination (continued)

          Keuntungan dari pembelian dengan diskon atas                          Gain from bargain purchase is determine
          akuisisi ditentukan sebagai berikut:                                  as follow:

                                                             28 Juli 2023/
                                                             July 28, 2023
          Nilai wajar atas entitas asosiasi yang                                                    Fair value of the ownership interest
            sebelumnya dimiliki                                     7.752.591        on investment in associates that previously held
          Nilai wajar atas investasi jangka pendek                  1.929.240                       Fair value of short-term investment
          Nilai wajar atas kepentingan non-pengendali               7.157.628                     Fair value of non-controlling interest
          Total                                                    16.839.459                                                      Total

          Dikurangi :                                                                                                             Less:
          Nilai wajar aset bersih                                  17.898.209                                  Fair value of net assets
          Keuntungan pembelian dengan diskon                       (1.058.750)                              Gain on bargain purchase


          Nilai wajar dari kepentingan non-pengendali                        The fair value of the non-controlling interest is
          diestimasikan dari nilai wajar saham yang                          estimated from fair value of shares calculated
          dihitung oleh penilai independen KJPP                              by an independent appraiser KJPP Suwendho
          Suwendho Rinaldy & Rekan.                                          Rinaldy & Rekan.

          Nilai wajar dari aset bersih diestimasikan dari                    The fair value of net assets is estimated from
          nilai wajar aset takberwujud hak pengusahaan                       fair value of toll road concession rights
          jalan tol yang dihitung oleh penilai independen                    calculated by an independent appraiser KJPP
          KJPP Suwendho Rinaldy & Rekan.                                     Suwendho Rinaldy & Rekan.

          Pendapatan      PT    Lintas Marga         Jawa,                   The revenue of PT Lintas Marga Jawa,
          PT      Jasamarga        Semarang        Batang,                   PT      Jasamarga      Semarang        Batang,
          PT Jasamarga Solo Ngawi dan PT Jasamarga                           PT Jasamarga Solo Ngawi and PT Jasamarga
          Ngawi Kertosono Kediri yang termasuk dalam                         Ngawi Kertosono Kediri which is included in the
          laporan laba rugi sejak tanggal akuisisi sebesar                   profit and loss statement since the date of
          Rp427.253.                                                         acquisition is Rp427,253.

          Kontribusi laba dari PT Lintas Marga Jawa,                         The profit contribution from PT Lintas Marga
          PT      Jasamarga        Semarang        Batang,                   Jawa, PT Jasamarga Semarang Batang,
          PT Jasamarga Solo Ngawi dan PT Jasamarga                           PT Jasamarga Solo Ngawi and PT Jasamarga
          Ngawi Kertosono Kediri yang termasuk dalam                         Ngawi Kertosono Kediri which is included in the
          laporan laba rugi sejak tanggal akuisisi sebesar                   profit and loss statement since the date of
          Rp49.108.                                                          acquisition is Rp 49,108.

          Jumlah arus kas yang diperoleh berupa jumlah                       The amount of cash flow obtained in the form of
          kas dan setara kas pada tanggal akuisisi dari                      cash and cash equivalents at the date of
          PT Lintas Marga Jawa, PT Jasamarga                                 acquisition from PT Lintas Marga Jawa,
          Semarang Batang, PT Jasamarga Solo Ngawi                           PT      Jasamarga      Semarang         Batang,
          dan PT Jasamarga Ngawi Kertosono Kediri                            PT Jasamarga Solo Ngawi and PT Jasamarga
          sebesar Rp366.494. Tidak terdapat arus kas                         Ngawi Kertosono Kediri amounted to
          keluar berupa imbalan yang dialihkan dalam                         Rp366,494. There is no cash outflow in the form
          proses kombinasi bisnis.                                           of consideration transferred in the business
                                                                             combination process.




                                                             26
Page 880
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

2.   INFORMASI         KEBIJAKAN          AKUNTANSI             2. MATERIAL           ACCOUNTING              POLICIES
     MATERIAL                                                      INFORMATION

     a.   Pernyataan Kepatuhan                                     a.   Statement of Compliance

          Laporan keuangan konsolidasian telah disusun                  The consolidated financial statements have
          dan disajikan sesuai dengan Standar Akuntansi                 been prepared and presented in accordance
          Keuangan di Indonesia (“SAK”), yang                           with      Indonesian    Financial  Accounting
          mencakup Pernyataan Standar Akuntansi                         Standards (“SAK”), which comprise the
          Keuangan (“PSAK”) dan Interpretasi Standar                    Statements of Financial Accounting Standards
          Akuntansi Keuangan (“ISAK”) yang dikeluarkan                  (“PSAK”) and Interpretations of Financial
          oleh Dewan Standar Akuntansi Keuangan                         Accounting Standards (“ISAK”) issued by the
          Ikatan Akuntan Indonesia (“DSAK”), serta                      Financial Accounting Standards Board of the
          peraturan Pasar Modal yang berlaku antara lain                Indonesian Institute of Accountants (“DSAK”)
          Peraturan Otoritas Jasa Keuangan/Badan                        and regulation in Capital Market regulations
          Pengawas Pasar Modal dan Lembaga                              including the Financial Services Authority
          Keuangan (OJK/Bapepam-LK) No. VIII.G.7                        Regulation/Capital Market and Financial
          tentang Penyajian dan Pengungkapan Laporan                    Institution Supervisory Agency (OJK/Bapepam-
          Keuangan Emiten atau Perusahaan Publik.                       LK) No. VIII.G.7 concerning the Presentation
                                                                        and Disclosure of Financial Statements of
                                                                        Issuers or Public Companies.

     b.   Dasar penyusunan         laporan   keuangan              b.   Basis of preparation of the consolidated
          konsolidasian                                                 financial statements

          Laporan keuangan konsolidasian disusun dan                    The consolidated financial statements have
          disajikan berdasarkan asumsi kelangsungan                     been prepared and presented based on going
          usaha serta atas dasar akrual, kecuali laporan                concern assumption and accrual basis of
          arus kas konsolidasian. Dasar pengukuran                      accounting, except for the consolidated
          dalam     penyusunan     laporan   keuangan                   statements of cash flows. Basis of
          konsolidasian ini adalah konsep biaya                         measurement in preparation of these
          perolehan, kecuali beberapa akun tertentu                     consolidated financial statements is the
          yang didasarkan pengukuran lain sebagaimana                   historical costs concept, except for certain
          dijelaskan dalam kebijakan akuntansi masing-                  accounts which have been prepared on the
          masing akun tersebut. Biaya perolehan                         basis of other measurements as described in
          umumnya didasarkan pada nilai wajar imbalan                   their respective policies. Historical cost is
          yang diserahkan dalam pemerolehan aset.                       generally based on the fair value of the return
                                                                        given in exchange for assets.

          Selain laporan arus kas konsolidasian, laporan                Other than the consolidated statement of cash
          keuangan konsolidasian disusun berdasarkan                    flows, the consolidated financial statements
          asas akrual, dengan menggunakan konsep                        have been prepared on the accrual basis, using
          biaya historis, kecuali untuk beberapa akun                   the historical cost, basis of accounting, except
          tertentu    yang     disajikan   berdasarkan                  for certain accounts which are stated on the
          pengukuran lain sebagaimana diuraikan dalam                   bases described in the related accounting
          kebijakan akuntansi masing-masing akun                        policies for those accounts.
          tersebut.

          Laporan arus kas konsolidasian disusun                        The consolidated statement of cash flows,
          dengan menggunakan metode langsung,                           which has been prepared using the direct
          dengan       menyajikan   penerimaan dan                      method,     presents  cash  receipts  and
          pengeluaran kas dan setara kas yang                           disbursements of cash and cash equivalents
          diklasifikasikan dalam aktivitas operasi,                     classified into operating, investing, and
          investasi, dan pendanaan.                                     financing activities.




                                                           27
Page 881
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI              2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    b.   Dasar penyusunan laporan             keuangan               b.   Basis of preparation of the consolidated
         konsolidasian (lanjutan)                                         financial statements (continued)

         Mata uang pelaporan yang digunakan dalam                         The reporting currency used in the
         penyusunan laporan keuangan konsolidasian                        consolidated     financial   statements    is
         adalah Rupiah yang merupakan mata uang                           the Indonesian Rupiah, which is also
         fungsional Kelompok Usaha. Kebijakan                             the functional currency of the Group. The
         akuntansi telah diterapkan secara konsisten                      accounting policies applied are consistent
         diantara laporan keuangan konsolidasian yang                     between the consolidated financial statements
         berakhir 31 Desember 2023 dan 2022.                              years ended December 31, 2023 and 2022.

    c.   Pernyataan dan Interpretasi Standar                         c.   New and       Revised Statements and
         Akuntansi Baru dan Revisi yang Berlaku                           Interpretation of Financial Accounting
         Efektif pada Tahun Berjalan                                      Standards Effective in the Current Year

         Berikut amendemen dan revisi atas standar                        The following are amendment and revised to
         yang berlaku efektif untuk periode pelaporan                     standards which effective for annual reporting
         tahunan yang dimulai pada atau setelah 1                         periods beginning on or after January 1, 2023,
         Januari 2023, dengan penerapan dini                              with early adoption is permitted, are as follows:
         diperkenankan yaitu:
          •   Amendemen PSAK 1: Penyajian Laporan                          •   Amendments PSAK 1: Presentation of
              Keuangan       tentang       Pengungkapan                        Financial      Statements       regarding
              Kebijakan Akuntansi;                                             Disclosure of Accounting Policies;
          •   Amendemen PSAK 16: Aset Tetap                                •   Amendment to PSAK 16: Fixed Assets
              tentang Hasil sebelum Penggunaan yang                            related to Proceeds before Intended Use;
              Diintensikan;
          •   Amendemen PSAK 25: Kebijakan                                 •   Amendments PSAK 25: Accounting
              Akuntansi,       Perubahan         Estimasi                      Policies,   Changes     in   Accounting
              Akuntansi, dan Kesalahan tentang                                 Estimates and Errors regarding Definition
              Definisi Estimasi Akuntansi;                                     of Accounting Estimates;
          •   Amendemen        PSAK       46:      Pajak                   •   Amendments PSAK 46: Income Tax
              Penghasilan tentang Pajak Tangguhan                              regarding Deferred Tax related to Assets
              terkait Aset dan Liabilitas yang timbul dari                     and Liabilities arising from a Single
              Transaksi Tunggal; dan                                           Transaction; and
          •   Revisi PSAK 107: Akuntansi Ijarah.                           •   Revised PSAK 107: Accounting for Ijara.

         Implementasi standar-standar tersebut tidak                      The implementation of the above standards
         memiliki dampak yang material terhadap jumlah                    had no material on the amounts reported for
         yang dilaporkan di periode berjalan atau tahun                   the current period or prior financial year.
         sebelumnya.

    d.   Prinsip-prinsip konsolidasian                               d.   Principles of consolidation

         Laporan keuangan konsolidasian interim                           The interim consolidated financial statements
         meliputi laporan keuangan Kelompok Usaha                         include the accounts of the Group as disclosed
         seperti yang disebutkan pada Catatan 1.e,                        in Note 1.e, in which the Company has control
         dimana Perusahaan memiliki pengendalian                          over those entities.
         atas entitas tersebut.

         Laporan keuangan entitas anak disiapkan untuk                    The financial statements of the subsidiaries are
         tahun pelaporan yang sama             dengan                     prepared for the same reporting year as that of
         Perusahaan dan menggunakan kebijakan                             the Company and using consistent accounting
         akuntansi yang konsisten.                                        policies.




                                                             28
Page 882
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI              2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    d.   Prinsip-prinsip konsolidasian (lanjutan)                    d.   Principles of consolidation (continued)

         Pengendalian diperoleh ketika Kelompok                           Control is achieved when the Group is
         Usaha terekspos atau memiliki hak atas imbal                     exposed, or has rights, to variable returns from
         hasil variabel dari keterlibatannya dengan                       its involvement with the investee and has the
         investee dan memiliki kemampuan untuk                            ability to affect those returns through its power
         memengaruhi imbal hasil tersebut melalui                         over the investee.
         kekuasaannya atas investee.

         Secara     spesifik,  Kelompok      Usaha                        Specifically, the Group controls an investee if
         mengendalikan investee jika dan hanya jika                       and only if the Group owns all of the following:
         Kelompok Usaha memiliki seluruh hal berikut
         ini:

         a.   Kekuasaan atas investee (misal, adanya                      a.   Power over the investee (i.e., existing
              hak yang memberi kemampuan kini untuk                            rights that give it the current ability to direct
              mengarahkan aktivitas relevan investee);                         the relevant activities of the investee);
         b.   Eksposur atau hak atas imbal hasil variabel                 b.   Exposure, or rights, to variable returns
              dari keterlibatannya dengan investee; dan                        from its involvement with the investee; and
         c.   Kemampuan         untuk     menggunakan                     c.   The ability to use its power over the
              kekuasaannya atas investee untuk                                 investee to affect its returns.
              memengaruhi jumlah imbal hasil investor.

         Ketika Kelompok Usaha memiliki kurang dari                       When the Group has less than a majority of the
         hak suara mayoritas, Kelompok Usaha                              voting or similar rights of an investee, the
         mempertimbangkan semua fakta dan keadaan                         Group considers all relevant facts and
         yang relevan dalam menilai apakah memiliki                       circumstances in assessing whether it has
         kekuasaan atas investee, termasuk:                               power over an investee, including:

         a. Pengaturan kontraktual dengan pemilik hak                     a. The contractual arrangement with the other
            suara yang lain;                                                 vote holders of the investee;
         b. Hak yang timbul dari pengaturan                               b. Rights arising from other contractual
            kontraktual lain; dan                                            arrangement; and
         c. Hak suara dan hak suara potensial                             c. The Group’s voting rights and potential
            Kelompok Usaha.                                                  voting rights.

         Kelompok Usaha menilai kembali apakah                            The Group re-assesses whether or not it
         investor mengendalikan investee jika fakta dan                   controls an investee if facts and circumstances
         keadaan mengindikasikan adanya perubahan                         indicate that there are changes to one or more
         terhadap satu atau lebih dari tiga elemen                        of the three elements of control. Consolidation
         pengendalian. Konsolidasi atas entitas anak                      of a subsidiary begins when the Group obtains
         dimulai ketika Kelompok Usaha memiliki                           control over the subsidiary and ceases when
         pengendalian atas anak perusahaan dan                            the Group loses control of the subsidiary.
         berhenti ketika Kelompok Usaha kehilangan                        Assets, liabilities, income and expenses of a
         pengendalian atas entitas anak. Aset, liabilitas,                subsidiary acquired or disposed of during the
         pendapatan dan beban atas anak perusahaan                        period are included in the consolidated
         yang diakuisisi atau dilepas selama periode                      statement of profit or loss and other
         termasuk dalam laporan laba rugi dan                             comprehensive income from the date the
         penghasilan komprehensif lain konsolidasian                      Group gains control until the date the Group
         dari tanggal Kelompok Usaha memperoleh                           ceases to control the subsidiary.
         pengendalian      sampai    dengan      tanggal
         Kelompok Usaha menghentikan pengendalian
         atas entitas anak.




                                                             29
Page 883
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)
    d.   Prinsip-prinsip konsolidasian (lanjutan)                   d.   Principles of consolidation (continued)
         Laba rugi dan setiap komponen atas                              Profit or loss and each component of other
         penghasilan komprehensif lain diatribusikan                     comprehensive income (OCI) are attributed to
         pada pemegang saham entitas induk Kelompok                      the equity holders of the parent of the Group
         Usaha       dan      pada       Kepentingan                     and to the Non-Controlling Interests (“NCI”),
         Non-Pengendali,     walaupun      hasil    di                   even if this results in the NCI having a deficit
         Kepentingan       Non-Pengendali        (KNP)                   balance. When, adjustments are made to the
         mempunyai saldo defisit. Bila diperlukan,                       financial statements of subsidiaries to bring
         penyesuaian dilakukan pada laporan keuangan                     their accounting policies in line with the Group’s
         anak perusahaan agar kebijakan akuntansinya                     accounting policies.
         sesuai dengan kebijakan akuntansi Kelompok
         Usaha.
         Seluruh akun dan transaksi antar perusahaan                     All material intercompany accounts and
         yang material, termasuk keuntungan atau                         transactions, including unrealized gains or
         kerugian yang belum direalisasi, jika ada,                      losses, if any, are eliminated to reflect the
         dieliminasi  untuk    mencerminkan    posisi                    financial position and the results of operations
         keuangan dan hasil operasi Kelompok Usaha                       of the Group as one business entity.
         sebagai satu kesatuan usaha.
         Perubahan kepemilikan di entitas anak, tanpa                    A change in the ownership interest of a
         kehilangan pengendalian, dihitung sebagai                       subsidiary, without a loss of control, is
         transaksi ekuitas. Jika Kelompok Usaha                          accounted for as an equity transaction. If the
         kehilangan pengendalian atas entitas anak,                      Group loses control over a subsidiary, then:
         maka:
          a. Menghentikan pengakuan aset (termasuk                       a.   Derecognizes the assets (including
             goodwill) dan liabilitas Entitas Anak;                           goodwill) and liabilities of the Subsidiary;
          b. Menghentikan pengakuan jumlah tercatat                      b.   Derecognizes the carrying amount of any
             setiap KNP;                                                      NCI;
          c. Menghentikan       pengakuan       akumulasi                c.   Derecognizes the cumulative translation
             selisih penjabaran, yang dicatat di ekuitas,                     differences recorded in equity, if any;
             bila ada;
          d. Mengakui nilai wajar pembayaran yang                        d.   Recognizes the fair value of the
             diterima;                                                        consideration received;
          e. Mengakui setiap sisa investasi pada nilai                   e.   Recognizes the fair value of any
             wajarnya;                                                        investment retained;
          f. Mengakui      setiap     perbedaan     yang                 f.   Recognizes any surplus or deficit in profit
             dihasilkan sebagai keuntungan atau                               or loss; and
             kerugian dalam laba rugi; dan
          g. Mereklasifikasi ke laba rugi proporsi                       g.   Reclassifies the parent’s share of
             keuntungan       dan      kerugian     yang                      components previously recognized in
             sebelumnya diakui dalam penghasilan                              other comprehensive income to the
             komprehensif lainnya ke laporan laba rugi                        statement of profit or loss and other
             dan penghasilan komprehensif lain atau                           comprehensive income or deficit or
             mengalihkan secara langsung ke defisit                           retained earnings, as appropriate.
             atau saldo laba.
         Kombinasi bisnis dan goodwill                                   Business combinations and goodwill
         KNP mencerminkan bagian atas laba atau rugi                     NCI represent the portion of the profit or loss
         dan aset neto dari entitas anak yang tidak dapat                and net assets of the subsidiaries not
         diatribusikan secara langsung maupun tidak                      attributable to the parent entity, which are
         langsung pada entitas induk, yang masing-                       presented in the consolidated statement of
         masing disajikan dalam laporan laba rugi                        profit or loss and other comprehensive income
         komprehensif konsolidasian dan dalam ekuitas                    and under the equity section of the consolidated
         pada laporan posisi keuangan konsolidasian,                     statement of financial position, respectively,
         terpisah dari bagian yang dapat diatribusikan                   separately from the corresponding portion
         kepada pemilik entitas induk.                                   attributable to the owners of the parent entity.

                                                            30
Page 884
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI              2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

    d.   Prinsip-prinsip konsolidasian (lanjutan)                     d.   Principles of consolidation (continued)

         Kombinasi bisnis dan goodwill (lanjutan)                          Business combinations           and     goodwill
                                                                           (continued)

         Perubahan dalam bagian kepemilikan entitas                        A change in a parent’s ownership interest in a
         induk pada entitas anak yang tidak                                subsidiary that does not result in a loss of
         mengakibatkan hilangnya pengendalian dicatat                      control is accounted for as an equity transaction
         sebagai transaksi ekuitas (dalam hal ini                          (i.e., a transaction with owners in their capacity
         transaksi dengan pemilik dalam kapasitasnya                       as owners).
         sebagai pemilik).

         Kombinasi bisnis, jika ada, dicatat dengan                        Business combinations, if any, are accounted
         menggunakan        metode       akuisisi.  Biaya                  for using the acquisition method. The cost of an
         perolehan dari sebuah akuisisi diukur pada nilai                  acquisition is measured at the aggregate value
         agregat imbalan yang dialihkan, diukur pada                       of the consideration transferred, measured at
         nilai wajar pada tanggal akuisisi dan jumlah                      fair value on acquisition date and the amount of
         setiap KNP pada pihak yang diakuisisi. Untuk                      any NCI in the acquiree. For each business
         setiap kombinasi bisnis, Kelompok Usaha                           combination, the Group elects whether it
         memilih apakah mengukur KNP pada entitas                          measures the NCI in the acquiree either at fair
         yang diakuisisi baik pada nilai wajar ataupun                     value or at the proportionate share of the
         pada proporsi kepemilikan KNP atas aset neto                      acquiree’s identifiable net assets. Acquisition
         yang teridentifikasi dari entitas yang diakuisisi.                costs incurred are directly expensed and
         Biaya-biaya akuisisi yang timbul dibebankan                       included in administrative expenses.
         langsung dan termasuk dalam beban
         administrasi.

         Kelompok Usaha menentukan apakah suatu                            The Group determines whether a transaction or
         transaksi atau peristiwa lain merupakan                           other event is a business combination that the
         kombinasi bisnis bahwa aset yang diperoleh                        assets acquired and liabilities assumed
         dan liabilitas yang diambil alih merupakan                        constitute a business. If the assets acquired are
         suatu bisnis. Jika aset yang diperoleh bukan                      not a business, the Group accounts for the
         suatu bisnis, maka Kelompok Usaha mencatat                        transaction or other event as an asset
         transaksi atau peristiwa lain tersebut sebagai                    acquisition.
         akuisisi aset.

         Ketika melakukan akuisisi atas sebuah bisnis,                     When the Group acquires a business,
         Kelompok Usaha mengklasifikasikan dan                             it classifies and determines the financial assets
         menentukan aset keuangan yang diperoleh dan                       acquired and liabilities assumed for appropriate
         liabilitas keuangan yang diambil alih                             classification and designation in accordance
         berdasarkan pada persyaratan kontraktual,                         with the contractual terms, economic
         kondisi ekonomi dan kondisi terkait lain yang                     circumstances and pertinent conditions as of
         ada pada tanggal akuisisi.                                        the acquisition date.

         Pada tanggal akuisisi, goodwill awalnya diukur                    At acquisition date, goodwill is initially
         pada harga perolehan yang merupakan selisih                       measured at cost being the excess of the
         nilai lebih agregat dari imbalan yang dialihkan                   aggregate of the consideration transferred and
         dan jumlah setiap KNP atas jumlah neto                            the amount recognized for NCI over the net
         teridentifikasi dari aset yang diperoleh dan                      identifiable assets acquired and liabilities
         liabilitas yang diakui.                                           recognized.

         Jika imbalan tersebut kurang dari nilai wajar                     If this consideration is lower than the fair value
         aset neto entitas anak yang diakuisisi, selisih                   of the acquired subsidiary's net assets, the
         tersebut diakui dalam laporan laba rugi dan                       difference is recognized in consolidated
         penghasilan komprehensif lain konsolidasian                       statement of profit or loss and other
         sebagai keuntungan dari pembelian dengan                          comprehensive income as gain on bargain
         diskon setelah sebelumnya manajemen menilai                       purchase after previously assessing the
         kembali identifikasi dan nilai wajar dari aset                    identification and fair value measurement of the
         yang diperoleh dan liabilitas yang diasumsikan.                   acquired assets and the assumed liabilities.

                                                              31
Page 885
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI              2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    d.   Prinsip-prinsip konsolidasian (lanjutan)                    d.   Principles of consolidation (continued)

         Kombinasi bisnis dan goodwill (lanjutan)                         Business combinations            and    goodwill
                                                                          (continued)

         Setelah pengakuan awal, goodwill diukur pada                     After initial recognition, goodwill is measured at
         jumlah tercatat dikurangi akumulasi kerugian                     cost less any accumulated impairment losses.
         penurunan nilai. Untuk tujuan pengujian                          For the purpose of impairment testing, goodwill
         penurunan nilai, goodwill yang diperoleh dari                    acquired in a business combination is, from the
         suatu kombinasi bisnis, sejak tanggal akuisisi                   acquisition date, allocated to each of the
         dialokasikan kepada setiap Unit Penghasil Kas                    Group’s Cash-Generating Units (CGU) that are
         (UPK) dari Kelompok Usaha yang diharapkan                        expected to benefit from the combination,
         akan memberikan manfaat dari sinergi                             irrespective of whether other assets or liabilities
         kombinasi tersebut, terlepas dari apakah aset                    of the acquiree are assigned to those CGU.
         atau liabilitas lain dari pihak yang diakuisisi
         ditetapkan atas UPK.

    e.   Kas dan setara kas                                     f.   e.   Cash and cash equivalents

         Deposito berjangka dengan jangka waktu tiga                      Time deposits with maturities of three months
         bulan atau kurang sejak tanggal penempatan                       or less at the time of placement, which are not
         yang       tidak   dibatasi    penggunaannya                     restricted, are classified as “Cash Equivalents”.
         diklasifikasikan sebagai “Setara Kas”.

         Bank dan deposito berjangka yang dibatasi                        Restricted cash in banks and time deposits
         penggunaannya untuk digunakan sebagai                            used for collateral are not classified as part of
         jaminan tidak diklasifikasikan sebagai bagian                    "Cash and cash equivalents" but presented in
         dari “Kas dan setara kas” melainkan disajikan                    "Restricted funds" account as part of “Current
         pada akun “Dana dibatasi penggunaanya” dan                       Asset” and "Non-current Asset".
         sebagai bagian dari “Aset Lancar” dan “Aset
         Tidak Lancar”.

    f.   Transaksi dengan pihak-pihak berelasi                       f.   Transactions with related parties

         Kelompok Usaha melakukan transaksi dengan                        The Group has transactions with certain parties
         pihak-pihak berelasi sebagaimana didefinisikan                   which have related party relationships as
         dalam PSAK 7, “Pengungkapan Pihak-pihak                          defined under PSAK 7, “Related Party
         Berelasi”.                                                       Disclosures”.

         Seluruh transaksi dan saldo yang material                        All material transactions and balances with
         dengan pihak-pihak berelasi diungkapkan                          related parties are disclosed in the Note 44 to
         dalam Catatan 44 atas laporan keuangan                           the consolidated financial statements.
         konsolidasian.

    g.   Persediaan                                                  g.   Inventories

         Persediaan dinyatakan sebesar nilai yang lebih                   Inventories are stated at the lower of cost or net
         rendah antara biaya perolehan dan nilai                          realisable value. Cost is determined using the
         realisasi neto. Biaya perolehan ditentukan                       average method.
         dengan menggunakan metode rata-rata.




                                                           32
Page 886
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    g.   Persediaan (lanjutan)                                     g.   Inventories (continued)

         Biaya perolehan tanah yang sedang                              The cost of land under development consists of
         dikembangkan meliputi biaya perolehan tanah                    the cost of land for development, direct and
         untuk pengembangan, biaya pengembangan                         indirect development costs related to real estate
         langsung dan tidak langsung yang berkaitan                     development activities and borrowing costs, if
         dengan kegiatan pengembangan real estate                       any. At the time of sale, total project costs are
         serta biaya-biaya pinjaman, jika ada. Pada saat                allocated proportionately based on their
         dijual, semua biaya dialokasikan secara                        respective areas.
         proporsional berdasarkan luas area masing-
         masing.

         Biaya pengembangan tanah, termasuk tanah                       The cost of land development, including land
         yang digunakan sebagai jalan dan prasarana                     which is used for roads and infrastructure or
         atau area yang tidak dapat dijual lainnya,                     other unsaleable area, is allocated to the
         dialokasikan kepada luas area yang dapat                       saleable area.
         dijual.

         Biaya     perolehan      bangunan      dalam                   The cost of buildings under construction is
         penyelesaian dipindahkan ke rumah, ruko dan                    transferred to houses, shop houses and
         apartemen (strata title) tersedia untuk dijual                 apartments (strata title) available for sale when
         pada saat pembangunan telah selesai.                           the construction is substantially completed.

         Properti   yang    diperoleh    atau   dalam                   Properties acquired or being constructed for sale
         penyelesaian untuk dijual dalam kegiatan                       in the ordinary course of business, rather than to
         usaha normal, yang tidak untuk disewakan atau                  be held for rental or capital appreciation, are
         untuk mendapatkan kenaikan nilai, dicatat                      classified as inventories.
         sebagai persediaan.

         Komisi yang tidak dapat dikembalikan yang                      Non-refundable commissions paid to sales or
         dibayarkan kepada agen penjualan atas                          marketing agents on the sale of real estate units
         penjualan unit real estate dibebankan pada                     are expensed when incurred.
         saat terutang.

         Nilai realisasi neto adalah taksiran harga                     Net realizable value is the estimated selling
         penjualan dalam kegiatan usaha normal yang                     price in the ordinary course of business, based
         didasarkan pada harga pasar pada tanggal                       on market prices at the reporting date and
         pelaporan dan didiskontokan untuk nilai waktu                  discounted for the time value of money if
         uang, jika material, dikurangi taksiran biaya                  material, less estimated costs to complete and
         penyelesaian dan taksiran biaya untuk                          estimated costs to sell.
         melaksanakan penjualan.

         Penurunan nilai persediaan ditetapkan setiap                   The decline in value of inventories is
         tanggal pelaporan untuk mengurangi nilai                       determined every reporting date to write down
         tercatat persediaan ke nilai realisasi neto dan                the carrying amount of inventories to their net
         penurunannya diakui sebagai rugi pada laporan                  realizable value and the decline is recognized
         laba rugi dan pendapatan komprehensif lain                     as a loss in the consolidated statement of profit
         konsolidasian tahun yang bersangkutan.                         or loss and other comprehensive income in the
                                                                        related year.




                                                           33
Page 887
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                  POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    h.   Investasi pada entitas asosiasi dan ventura                h. Investments in associates and joint venture
         bersama

         Investasi Kelompok Usaha pada entitas                         The Group’s investments in its associates and
         asosiasi dan ventura bersama diukur dengan                    joint venture are accounted for using the equity
         menggunakan metode ekuitas. Entitas asosiasi                  method. An associate is an entity in which the
         adalah suatu entitas dimana Kelompok Usaha                    Group has significant influence. The Group has
         mempunyai pengaruh signifikan. Kelompok                       assessed the nature of its joint arrangements
         Usaha telah menilai sifat dari pengaturan                     and determined them to be joint ventures.
         bersama dan menentukan pengaturan bersama
         tersebut sebagai ventura bersama.

         Sesuai dengan metode ekuitas, nilai perolehan                 Under the equity method, the cost of
         investasi ditambah atau dikurang dengan                       investment is increased or decreased by the
         bagian Kelompok Usaha atas laba atau rugi                     Group’s share in net earnings or losses of, and
         neto, dan penerimaan dividen dari entitas                     dividends received from, the associate and
         asosiasi dan ventura bersama sejak tanggal                    joint venture since the date of acquisition.
         perolehan.

         Laporan     laba   rugi    dan    penghasilan                 The consolidated statement of profit or loss and
         komprehensif         lain       konsolidasian                 other comprehensive income reflects the share
         mencerminkan bagian atas hasil operasi dari                   of the results of operations of the associates
         entitas asosiasi dan ventura bersama. Bila                    and joint venture. Where there has been a
         terdapat perubahan yang diakui langsung pada                  change recognized directly in the equity of the
         ekuitas dari entitas asosiasi dan ventura                     associates and joint venture, the Group
         bersama,      Kelompok     Usaha    mengakui                  recognizes its share of any such changes and
         bagiannya atas perubahan tersebut dan                         discloses this, when applicable, in the
         mengungkapkan hal ini, jika dapat diterapkan,                 consolidated statement of changes in equity.
         dalam      laporan      perubahan      ekuitas
         konsolidasian.

         Laba atau rugi yang belum direalisasi sebagai                 Unrealized gains and losses resulting from
         hasil dari transaksi-transaksi antara Kelompok                transactions between the Group and the
         Usaha dengan entitas asosiasi dan ventura                     associates and joint venture are eliminated to
         bersama dieliminasi pada jumlah sesuai                        the extent of the Group’s interest in the
         dengan kepentingan Kelompok Usaha dalam                       associates and joint venture. The Group
         entitas asosiasi dan ventura bersama.                         determines at each reporting date whether
         Kelompok Usaha menentukan pada setiap                         there is any objective evidence that its
         tanggal pelaporan apakah terdapat bukti yang                  investments in the associates and joint venture
         objektif yang mengindikasikan bahwa investasi                 are impaired. The Group determines whether it
         dalam entitas asosiasi dan ventura bersama                    is necessary to recognize an impairment loss
         mengalami penurunan nilai. Kelompok Usaha                     on the Group’s investments in its associates.
         menentukan apakah perlu untuk mengakui rugi
         penurunan nilai atas investasi Kelompok Usaha
         dalam entitas asosiasi dan ventura bersama.

         Apabila terdapat bukti objektif penurunan nilai,              If there is objective evidence of impairment, the
         Kelompok      Usaha      menghitung     jumlah                Group calculates the amount of impairment as
         penurunan nilai berdasarkan selisih antara                    the difference between the recoverable amount
         jumlah terpulihkan atas investasi dalam entitas               of investments in associates and their carrying
         asosiasi dan ventura bersama dan nilai                        value, and recognizes the impairment in the
         tercatatnya, dan mengakui penurunan nilai                     consolidated statement of profit or loss and
         tersebut dalam laporan laba rugi dan                          other comprehensive income.
         penghasilan komprehensif lain konsolidasian.




                                                            34
Page 888
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    i.   Aset tetap                                                  i.   Fixed assets

         Aset tetap pada awalnya diakui sebesar biaya                     Fixed assets are initially recognized as the cost
         perolehan yang meliputi harga perolehannya                       of acquisition which includes their acquisition
         dan setiap biaya yang dapat diatribusikan                        price and any costs attributable directly to bring
         langsung untuk membawa aset ke kondisi dan                       the asset to the necessary condition and
         lokasi yang diperlukan agar aset siap                            location in order for the asset to be ready for
         digunakan sesuai intensi manajemen.                              use as per management's intentions.

         Aset dalam pembangunan dinyatakan sebesar                        Assets in construction are expressed at the cost
         biaya perolehan dan dipindahkan ke aset tetap                    of acquisition and transferred to fixed assets at
         pada saat selesai dan siap digunakan.                            the time of completion and ready for use.

         Setelah pengakuan awal, aset tetap dinyatakan                    After initial recognition, fixed assets, are carried
         sebesar biaya perolehan dikurangi akumulasi                      at its cost less any accumulated depreciation,
         penyusutan dan akumulasi rugi penurunan                          and any accumulated impairment losses.
         nilai.

         Penyusutan dihitung dengan menggunakan                           Depreciation is calculated using the straight-
         metode garis lurus berdasarkan taksiran masa                     line method over the estimated useful lives of
         manfaat ekonomis aset, sebagai berikut:                          the assets, as follows:

                                                         Tahun/ Years
         Gedung Kantor dan Bangunan Lain                       20                                 Office and Other Buildings
         Peralatan Operasi dan Kantor                          3-5                        Operational and Office Equipment
         Kendaraan Bermotor                                    3-5                                                 Vehicles

         Tanah     dinyatakan    berdasarkan    harga                      Land is stated at cost and not depreciated.
         perolehan dan tidak diamortisasi. Biaya                          Costs associated with the acquisition of legal
         pengurusan legal hak atas tanah ketika tanah                     right of land when the land was first acquired
         diperoleh pertama kali diakui sebagai bagian                     are recognized as part of the cost of land.
         dari biaya perolehan aset tanah.

         Biaya   pengurusan    perpanjangan      atau                     Costs associated with the extension or renewal
         pembaharuan legal hak atas tanah diakui                          of legal right of land are recognized as
         sebagai aset takberwujud dan diamortisasi                        intangible asset which is amortized over the
         sepanjang umur hukum hak atau umur                               legal life of the land right or economic life of the
         ekonomis tanah, mana yang lebih pendek.                          land, whichever is shorter.

         Aset dalam penyelesaian merupakan proyek                         Construction in progress are stated at cost and
         dalam pelaksanaan disajikan sebagai bagian                       presented     as     part    of   fixed assets.
         dari aset tetap dinyatakan sebesar biaya                         The accumulated costs are reclassified to
         perolehan. Akumulasi biaya perolehan akan                        the appropriate fixed assets account when the
         dipindahkan ke masing-masing aset tetap yang                     construction is completed and the constructed
         bersangkutan pada saat aset tersebut selesai                     asset is ready for its intended use.
         dikerjakan dan siap digunakan.




                                                          35
Page 889
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    i.   Aset tetap (lanjutan)                                     i.    Fixed assets (continued)

         Jumlah tercatat aset tetap dihentikan                           An item of fixed assets is derecognized upon
         pengakuannya pada saat dilepaskan atau saat                     disposal or when no future economic benefits
         tidak ada manfaat ekonomis masa depan yang                      are expected from its use or disposal. Any gain
         diharapkan       dari    penggunaan       atau                  or loss arising from derecognition of the asset
         pelepasannya. Laba atau rugi yang timbul dari                   (calculated as the difference between the
         penghentian pengakuan aset (dihitung sebagai                    net disposal proceeds and the carrying
         selisih antara jumlah neto hasil pelepasan dan                  amount of the asset) is credited or charged
         jumlah tercatat dari aset) dikreditkan atau                     to current operations in the year the asset is
         dibebankan pada operasi tahun berjalan saat                     derecognized.
         aset tersebut dihentikan pengakuannya.

         Nilai residu, masa manfaat dan metode                           The fixed assets residual values, useful lives
         penyusutan dan amortisasi aset tetap ditelaah                   and methods of depreciation and amortization
         dan disesuaikan secara prospektif, apabila                      are reviewed and adjusted prospectively, if
         diperlukan, pada setiap akhir tahun buku.                       appropriate, at each financial year end.

    j.   Properti investasi                                         j.   Investment properties

         Properti investasi Kelompok Usaha terdiri dari                  Investment properties of the Group consist of
         tanah, bangunan dan prasarana yang dikuasai                     land, building and infrastructures held by the
         Kelompok Usaha untuk menghasilkan sewa                          Group to earn rentals or for capital appreciation
         atau untuk kenaikan nilai atau keduanya, dan                    or both, rather than for use in the production or
         tidak untuk digunakan dalam produksi atau                       supply of goods or services or for administrative
         penyediaan barang atau jasa atau untuk tujuan                   purposes or sale in the ordinary course of
         administratif atau dijual dalam kegiatan usaha                  business.
         sehari-hari.

         Properti investasi dinyatakan sebesar biaya                      Investment properties are stated at cost
         perolehan termasuk biaya transaksi dikurangi                    including transaction cost less accumulated
         akumulasi penyusutan dan penurunan nilai, jika                  depreciation and impairment loss, if any, except
         ada, kecuali tanah yang tidak disusutkan. Total                 for land which is not depreciated. Carrying total
         tercatat termasuk bagian biaya penggantian                      cost includes the cost of replacing part of the
         dari properti investasi yang ada pada saat                      investment properties, if the recognition criteria
         terjadinya biaya, jika kriteria pengakuan                       are met, and excludes the daily expenses on
         terpenuhi, dan tidak termasuk biaya harian                      their usage.
         penggunaan properti investasi.

         Penyusutan bangunan dan prasarana dihitung                      Depreciation of buildings and infrastructures is
         dengan menggunakan metode garis lurus atas                      computed using the straight-line method over
         taksiran masa manfaat ekonomis berkisar dari                    their estimated useful lives ranging from 10
         10 (sepuluh) tahun sampai dengan 30 (tiga                       (ten) years to 30 (thirty) years.
         puluh) tahun.




                                                           36
Page 890
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    j.   Properti investasi (lanjutan)                              j.   Investment properties (continued)

         Properti investasi dihentikan pengakuannya                       An    investment     property    should      be
         pada saat pelepasan atau ketika properti                        derecognized upon disposal or when the
         investasi tersebut tidak digunakan lagi secara                  investment property is permanently withdrawn
         permanen dan tidak memiliki manfaat                             from use and no future economic benefits are
         ekonomis di masa depan yang dapat                               expected from its disposal. Gains or losses
         diharapkan pada saat pelepasannya. Laba                         arising from the retirement or disposal of an
         atau rugi yang timbul dari penghentian atau                     investment property is credited or charged to
         pelepasan properti investasi diakui dalam                       the consolidated statement of profit or loss and
         laporan     laba     rugi   dan   pendapatan                    other comprehensive income in the period the
         komprehensif lain konsolidasian dalam periode                   asset is derecognized or disposed.
         terjadinya penghentian atau pelepasan
         tersebut.

         Pengalihan ke properti investasi dilakukan jika,                A transfer to an investment property is made if,
         dan     hanya     jika, terdapat     perubahan                  and only if, there is a change of use indicated
         penggunaan       yang    ditunjukkan    dengan                  by the expiration of the owner's use, the
         berakhirnya      pemakaian      oleh    pemilik,                commencement of an operating lease to
         dimulainya sewa operasi ke pihak lain atau                      another party or the completion of construction
         selesainya           pembangunan           atau                 or development. A transfer of an investment
         pengembangan. Pengalihan dari properti                          property is made if, and only if, there is a
         investasi dilakukan jika, dan hanya jika,                       change of use indicated by the commencement
         terdapat     perubahan     penggunaan     yang                  of use by the owner or the commencement of
         ditunjukkan dengan dimulainya penggunaan                        development for sale.
         oleh pemilik atau dimulainya pengembangan
         untuk dijual.

         Untuk pengalihan dari properti investasi ke                     For a transfer from investment properties to
         properti yang digunakan sendiri, Kelompok                       owner-occupied property, the Group uses the
         Usaha menggunakan metode biaya pada                             cost method at the date of change in use.
         tanggal perubahan penggunaan.

         Jika properti yang digunakan Kelompok Usaha                     If the property occupied by the Group becomes
         menjadi properti investasi, Kelompok Usaha                      an investment property, the Group records the
         mencatat properti investasi tersebut sesuai                     investment property in accordance with the
         dengan kebijakan aset tetap sampai dengan                       fixed assets policies up to the date of change
         saat      tanggal      terakhir   perubahan                     in use.
         penggunaannya.

         Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022,
         properti investasi tidak diasuransikan dan tidak                investment properties are not insured and there
         ada biaya pinjaman yang dikapitalisasi.                         is no capitalized borrowing costs.

         Berdasarkan evaluasi manajemen, tidak                           Based on the assessment of the management,
         terdapat peristiwa atau perubahan keadaan                       there are no events or changes in
         yang mengindikasikan adanya penurunan nilai                     circumstances that indicate an impairment in the
         properti investasi pada tanggal 31 Desember                     value of investment properties as of
         2023 dan 2022.                                                  December 31, 2023 and 2022.




                                                            37
Page 891
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     k. Aset takberwujud lain                                         k. Other intangible assets

          Perangkat Lunak                                                Software

          Perangkat lunak dicatat sebagai aset                           Software recorded as other intangible assets.
          takberwujud lain. Aset takberwujud diukur                      Intangible assets are measured on initial
          sebesar nilai perolehan pada pengakuan awal.                   recognition at cost. The cost of intangible
          Nilai perolehan aset takberwujud yang                          assets acquired from business combinations is
          diperoleh dari kombinasi bisnis pada awalnya                   initially recognized at fair value as at the date of
          diakui sesuai nilai wajar pada tanggal akuisisi.               acquisition. Following initial recognition,
          Setelah pengakuan awal, aset takberwujud                       intangible assets are carried at cost less any
          dicatat pada nilai perolehan dikurangi                         accumulated amortization and if any,
          akumulasi amortisasi dan akumulasi rugi                        accumulated impairment loss. The useful life of
          penurunan nilai.       Umur manfaat       aset                 intangible assets are 3 years.
          takberwujud adalah 3 tahun.

          Aset Konsesi Pra-Konstruksi                                    Pre-Construction Concession Assets

          Aset Konsesi yang belum memasuki masa                          Concession assets that have not yet entered
          konstruksi dicatat sebagai aset tak berwujud                   the construction period are recorded as other
          lain. Aset tersebut direklasifikasi sebagai aset               intangible assets. These assets are reclassified
          hak pengusahaan jalan tol ketika sudah                         as toll road concession rights assets when they
          memasuki masa konstruksi.                                      enter the construction period.

     l.   Perjanjian konsesi jasa                                     l. Service concession arrangement

          Kelompok Usaha telah menerapkan ISAK 16,                       The Group has adopted ISAK 16, “Service
          “Perjanjian Konsesi Jasa” (ISAK 16) dan ISAK                   Concession Arrangement” (ISAK 16) and ISAK
          22, “Perjanjian Konsesi Jasa: Pengungkapan”                    22, “Service Concession Arrangement:
          (ISAK 22) sehubungan dengan hak konsesi.                       Disclosure” (ISAK 22) related to the concession
                                                                         rights.

          ISAK 16 mengatur prinsip umum dalam                            ISAK 16 determines the general principles in
          pengakuan dan pengukuran hak dan kewajiban                     the recognition and measurement of liabilities
          terkait dengan perjanjian konsesi jasa. ISAK 16                and rights related to service concession
          mengatur bahwa infrastruktur tidak diakui                      arrangement. ISAK 16 regulates that an
          sebagai aset tetap operator (pihak penerima                    operator (concession right beneficiary) does
          konsesi jasa) karena perjanjian jasa kontraktual               not recognize any infrastructure assets
          tidak memberikan hak kepada operator untuk                     because the contractual service arrangement
          mengendalikan penggunaan infrastruktur jasa                    does not convey the right to control the use of
          publik. Operator memiliki akses untuk                          the public service infrastructure to the operator.
          mengoperasikan          infrastruktur     dalam                The operator has access to operate the
          menyediakan jasa publik untuk kepentingan                      infrastructure to provide the public service on
          pemberi konsesi sesuai dengan persyaratan                      behalf of the grantor in accordance with the
          yang ditentukan dalam kontrak.                                 terms specified in the contract.

          ISAK 22 memberikan panduan spesifik                            ISAK 22 provides specific guidance for the
          mengenai pengungkapan yang diperlukan atas                     required disclosures regarding the service
          perjanjian konsesi jasa.                                       concession arrangement.




                                                             38
Page 892
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                   POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     l.   Perjanjian konsesi jasa (lanjutan)                          l. Service     concession              arrangement
                                                                         (continued)

          Kelompok Usaha membukukan perjanjian                          The Group accounts for its service concession
          konsesi jasa sebagai model aset takberwujud                   arrangement under the intangible asset model
          karena     memiliki     hak    (lisensi)   untuk              as it receives the right (license) to charge users
          membebankan pengguna jasa publik. Pada                        of public service. At initial recognition,
          saat pengakuan awal, aset konsesi dicatat                     concession assets are recorded at the fair value
          pada nilai wajar dari imbalan yang diterima atau              of the benefit received or to be received. These
          akan diterima. Aset konsesi ini adalah aset hak               concession assets are toll road concession
          pengelolaan jalan tol yang akan diamortisasi                  rights which are amortized over the remaining
          selama sisa masa hak konsesi sejak tanggal                    concession period from the date of operation of
          pengoperasian ruas jalan tol. Selama masa                     the toll road. During the construction period, the
          konstruksi, akumulasi biaya perolehan dan                     accumulated toll road construction cost is
          konstruksi jalan tol diakui sebagai aset konsesi              recognized as concession assets in progress.
          dalam     penyelesaian.      Amortisasi    mulai              The amortization of the cost starts when the
          dibebankan pada saat aset konsesi tersebut                    concession assets are ready to be operated.
          siap digunakan.

          Aset konsesi dihentikan pengakuannya pada                     The concession assets are derecognized at the
          saat berakhirnya masa konsesi. Tidak akan ada                 end of the concession period. There will be no
          keuntungan atau kerugian saat penghentian                     gain or loss upon derecognition as the
          pengakuan karena aset konsesi diharapkan                      concession assets which are expected to be
          telah diamortisasi secara penuh, akan                         fully amortized by then, will be handed over to
          diserahkan kepada Badan Pengatur Jalan Tol                    the Indonesia Toll Road Authority (“BPJT”) for
          (“BPJT”) tanpa syarat.                                        no consideration.

          Aset konsesi yang diberikan kepada Kelompok                   Concession asset granted to the Group are
          Usaha dapat dialihkan dengan persetujuan                      transferrable    with    approval  from   the
          Pemerintah/BPJT. Aset konsesi ini akan                        Government/BPJT. These concession assets
          diserahkan ke Pemerintah/BPJT pada saat                       will be transferred to the Government/BPJT at
          akhir masa konsesi dan pada saat itu, seluruh                 the end of the concession period and at such
          akun yang berhubungan dengan aset konsesi                     time, all accounts related to the concession
          akan dihentikan pengakuannya.                                 assets will be discontinued.

          Selama periode hak pengusahaan jalan tol,                      During the toll road concession rights period,
          aset hak pengusahaan jalan tol dapat                           the concession rights assets may be
          dikeluarkan dari laporan posisi keuangan                       derecognized from the consolidated statement
          konsolidasian Kelompok Usaha jika jalan tol                    of financial position of the Group if the toll road
          diserahkan (dikuasakan) kepada pihak lain                      is    transferred     to    another     party    or
          atau Pemerintah/BPJT mengubah status jalan                     the Government/BPJT has changed the status
          tol menjadi jalan non tol atau tidak ada manfaat               of the toll road to non-toll road or if there is no
          ekonomi yang dapat diharapkan dari                             economic benefit expected from usage of
          penggunaannya. Keuntungan atau kerugian                        the toll road. Gain or loss from discontinuance
          yang timbul dari penghentian atau pelepasan                    or disposal of concession assets is recognized
          aset konsesi diakui sebagai keuntungan atau                    in the consolidated statement of profit or loss
          kerugian dalam laporan laba rugi dan                           and other comprehensive income.
          penghasilan komprehensif lain konsolidasian.




                                                             39
Page 893
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                   POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

     l.   Perjanjian konsesi jasa (lanjutan)                        l. Service     concession             arrangement
                                                                       (continued)

          Selain itu, Kelompok Usaha mengakui dan                     In addition, the Group recognizes and
          mengukur pendapatan konstruksi sesuai                       measures construction revenue in accordance
          dengan PSAK 72 “Pendapatan Dari Kontrak                     with PSAK 72 "Revenue from contracts with
          Dengan Pelanggan”. Ketika Kelompok Usaha                    customers". When the Group provides
          menyediakan jasa konstruksi atau peningkatan                construction services or upgrades services, the
          kemampuan, imbalan yang diterima atau akan                  consideration received or to be received by the
          diterima oleh Kelompok Usaha diakui pada nilai              Group is recognized at its fair value.
          wajar.

          Kelompok Usaha mengakui biaya jasa                          The Group recognizes construction services
          konstruksi dan peningkatan kemampuan aset                   and increased capacity of concession asset as
          konsesi sebagai aset takberwujud dimana                     intangible assets which the Group receives the
          Kelompok Usaha menerima hak (lisensi) untuk                 rights (license) to charge users of public
          membebankan pengguna jasa publik. Suatu                     services. A right to charge users of public
          hak untuk membebankan pengguna jasa publik                  services is not an unconditional right to receive
          bukan merupakan hak tanpa syarat untuk                      cash because the amounts depend on the
          menerima kas karena jumlahnya bergantung                    extent of public using the service. During the
          pada sejauh mana publik menggunakan jasa.                   construction period, the Group records
          Selama periode konstruksi, Kelompok Usaha                   intangible assets, and recognizes revenues and
          mencatat aset takberwujud dan mengakui                      costs of construction in accordance with the
          pendapatan dan biaya konstruksi sesuai                      contract. Construction cost is the value of the
          dengan      kontraknya.   Biaya    konstruksi               amount of acquisition of a construction contract.
          merupakan nilai dari jumlah perolehan kontrak
          konstruksi.

          Aset konsesi diamortisasi selama masa                       The concession assets are amortized over the
          konsesi dengan menggunakan metode sebagai                   concession period using the following method:
          berikut:

          •    Aset hak pengusahaan jalan tol untuk                    •   Toll road concession rights for toll roads
               jalan dan jembatan tol diamortisasi                         and toll bridges are amortised using unit of
               dengan menggunakan metode unit                              usage method based on traffic volume;
               pemakaian berdasarkan volume lalu                           and
               lintas; dan
          •    Aset hak pengusahaan jalan tol selain                   •   Toll road concession rights aside from toll
               jalan dan jembatan tol diamortisasi                         roads and toll bridges are amortised using
               dengan menggunakan metode garis lurus.                      straight-line method.

          Aset kerja sama operasi                                     Joint operation assets

          Jalan tol yang pembangunannya didanai oleh                  The construction of toll road is funded by
          investor tanpa kuasa penyelenggaraan dengan                 investors without operation rights under
          pola bagi pendapatan atau bagi hasil tol untuk              revenue or profit sharing scheme for certain
          masa tertentu, selama pengoperasiannya                      period of time, while the operation is controlled
          dikendalikan oleh Perusahaan, dicatat sebagai               by the Company and is recorded as joint
          jalan tol kerja sama operasi dan liabilitas                 operation toll road and joint operation liabilities
          (jangka panjang) kerja sama operasi pada saat               (long-term) when the construction is completed
          jalan tol selesai dibangun dan diserahkan oleh              and transferred by the investor to the Company
          investor kepada Perusahaan untuk operasi.                   for operation.




                                                           40
Page 894
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN                 AKUNTANSI             2. MATERIAL      ACCOUNTING                  POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

     l.   Perjanjian konsesi jasa (lanjutan)                           l. Service     concession            arrangement
                                                                          (continued)

          Provisi pelapisan jalan tol                                    Provision for overlay

          Dalam pengoperasian jalan tol, Kelompok                        In operating toll roads, the Group is required to
          Usaha mempunyai kewajiban untuk menjaga                        maintain quality in accordance with the SPM
          kualitas sesuai dengan SPM (Standar                            (Minimal Service Standards) established by the
          Pelayanan Minimal) yang ditetapkan oleh                        Ministry of Public Works of the Republic of
          Kementerian Pekerjaan Umum Republik                            Indonesia, i.e., by performing overlay regularly.
          Indonesia, yaitu antara lain dengan melakukan                  The cost of overlay is periodically provided for
          pelapisan ulang jalan tol secara berkala.                      based on estimated utilization of toll road by
          Biaya pelapisan ini akan dicadangkan secara                    customers. Provision for overlay is measured
          berkala berdasarkan estimasi penggunaan                        by the present value of management's estimate
          jalan tol oleh pelanggan. Provisi pelapisan                    on required expenditure to complete the current
          ulang jalan tol diukur dengan nilai kini atas                  liabilities.
          estimasi manajemen terhadap pengeluaran
          yang diperlukan untuk menyelesaikan liabilitas
          kini.

          Biaya pinjaman                                                 Borrowing costs

          Biaya pinjaman yang dapat diatribusikan                        Borrowing costs directly attributable to the
          langsung dengan perolehan, pembangunan,                        acquisition, construction or production of an
          atau pembuatan aset yang membutuhkan                           asset that necessarily takes a substantial
          waktu yang cukup lama untuk persiapan                          period of time to get ready for its intended use
          digunakan sesuai tujuannya atau dijual                         or sale are capitalized as part of the cost of the
          dikapitalisasi sebagai bagian dari biaya aset.                 asset. All other borrowing costs are expensed
          Semua biaya pinjaman lainnya diakui sebagai                    in the period they occur.       Borrowing costs
          beban pada periode terjadi. Biaya pinjaman                     consist of interest and other costs that the
          terdiri dari biaya bunga dan biaya lain yang                   Group incurs in connection with the borrowing
          ditanggung oleh Kelompok Usaha sehubungan                      of funds.
          dengan peminjaman dana.

          Biaya bunga dan biaya pinjaman lainnya,                        Interest and other borrowing costs, such as
          seperti diskonto baik yang secara langsung                     discount fees on loans either directly or
          ataupun tidak langsung digunakan untuk                         indirectly used in financing the construction of a
          mendanai      proses     pembangunan        aset               qualifying assets, are capitalized up to the date
          kualifikasian (qualifying assets), dikapitalisasi              when the construction is completed. For
          sampai saat proses pembangunannya selesai.                     borrowings directly attributable to a qualifying
          Untuk pinjaman yang dapat dihubungkan                          asset, the amount allowed to be capitalized is
          secara langsung dengan suatu aset tertentu,                    determined as the actual borrowing costs
          jumlah yang dapat dikapitalisasi adalah                        incurred during the year, less any investment
          sebesar biaya pinjaman yang terjadi dalam                      income earned from the temporary investment
          periode      berjalan,    dikurangi     dengan                 of such borrowings.
          penghasilan investasi sementara dari pinjaman
          tersebut.




                                                              41
Page 895
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

2. INFORMASI       KEBIJAKAN                  AKUNTANSI              2. MATERIAL      ACCOUNTING                   POLICIES
   MATERIAL (lanjutan)                                                  INFORMATION (continued)

     l.   Perjanjian konsesi jasa (lanjutan)                             l. Service     concession             arrangement
                                                                            (continued)

          Biaya pinjaman (lanjutan)                                        Borrowing costs (continued)

          Kapitalisasi biaya pinjaman dimulai pada saat                     Capitalization of borrowing costs commences
          aktivitas yang diperlukan untuk mempersiapkan                     when the activities to prepare the qualifying
          aset agar dapat digunakan sesuai dengan                           asset for its intended use are in progress and
          maksudnya dan pengeluaran untuk aset                              the expenditures for the qualifying asset and
          kualifikasian dan biaya pinjamannya telah                         the borrowing costs have been incurred.
          terjadi. Kapitalisasi biaya pinjaman dihentikan                   Capitalization of borrowing costs ceases when
          pada saat selesainya secara substansi seluruh                     substantially all the activities necessary to
          aktivitas yang diperlukan untuk mempersiapkan                     prepare the qualifying asset for its intended
          aset       kualifikasian     sesuai    maksud                     use are substantially completed.
          penggunaannya selesai secara substansial.

    m. Penurunan nilai aset non-keuangan                                 m. Impairment of non-financial assets

          Pada setiap akhir tahun pelaporan, Kelompok                       At the end of each reporting year, the Group
          Usaha menilai apakah terdapat indikasi suatu                      assesses whether there are indications of an
          aset mengalami penurunan nilai. Jika terdapat                     asset declining in value. If there is such
          indikasi tersebut, maka Kelompok Usaha                            indication, the Group shall make a formal
          membuat estimasi formal jumlah terpulihkan                        estimate of the recovered amount of the asset.
          aset tersebut.

          Jumlah terpulihkan yang ditentukan untuk aset                     An asset’s recoverable amount is the higher of
          individual adalah jumlah yang lebih tinggi antara                 the asset’s or its Cash-Generating Unit’s
          nilai wajar aset atau Unit Penghasil Kas (UPK)                    (CGU’s) fair value less costs to sell and its
          dikurangi biaya untuk menjual dengan nilai                        value in use, and is determined for an individual
          pakainya, kecuali aset tersebut tidak                             asset, unless the asset does not generate cash
          menghasilkan arus kas masuk yang sebagian                         inflows that are largely independent of those
          besar independen dari aset atau kelompok aset                     from other assets or groups of assets. If the
          lain. Jika nilai tercatat aset lebih besar daripada               carrying amount of an asset exceeds its
          nilai terpulihkannya, maka aset tersebut                          recoverable amount, the asset is considered
          dipertimbangkan mengalami penurunan nilai                         impaired and is written down to its recoverable
          dan nilai tercatat aset diturunkan nilainya                       amount.
          menjadi sebesar nilai terpulihkannya.




                                                                42
Page 896
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    m. Penurunan         nilai   aset     non-keuangan               m. Impairment       of      non-financial        assets
       (lanjutan)                                                       (continued)

         Rugi penurunan nilai dari operasi yang                        Impairment losses of continuing operations are
         berkelanjutan diakui pada laporan laba rugi dan               recognized in the consolidated statement of
         penghasilan komprehensif lain konsolidasian                   profit or loss and other comprehensive income
         sebagai “rugi penurunan nilai”, jika ada.                     as “impairment losses”, if any.

         Dalam menghitung nilai pakai, estimasi arus                    In assessing the value in use, the estimated net
         kas masa depan neto didiskontokan ke nilai kini                future cash flows are discounted to their present
         dengan      menggunakan    tingkat  diskonto                   value using a pre-tax discount rate that reflects
         sebelum pajak yang menggambarkan penilaian                     current market assessments of the time value of
         pasar kini dari nilai waktu uang dan risiko                    money and the risks specific to the asset.
         spesifik atas aset.

         Dalam menentukan nilai wajar dikurangi biaya                   In determining fair value less costs to sell, recent
         untuk menjual, transaksi pasar terkini dijadikan               market transactions are considered, if available.
         sebagai acuan, jika tersedia. Jika tidak terdapat              If no such transactions can be identified, an
         transaksi tersebut, digunakan model penilaian                  appropriate valuation model is used to determine
         yang sesuai untuk menentukan nilai wajar aset.                 the fair value of the asset.

         Kerugian penurunan, jika ada, diakui pada                      Impairment losses, if any, are recognized in the
         laporan     laba    rugi   dan      penghasilan                consolidated statement of profit or loss and other
         komprehensif lain konsolidasian sesuai dengan                  comprehensive      income     under       expense
         kategori biaya yang konsisten dengan fungsi                    categories that are consistent with the functions
         dari aset yang diturunkan nilainya.                            of the impaired asset.

         Penilaian dilakukan pada akhir setiap                          An assessment is made at each annual reporting
         pelaporan tahunan apakah terdapat indikasi                     year as to whether there is any indication that
         bahwa rugi penurunan nilai yang telah diakui                   previously recognized impairment losses
         dalam tahun sebelumnya untuk aset selain                       recognized for an asset other than goodwill may
         goodwill mungkin tidak ada lagi atau mungkin                   no longer exist or may have reversed. If such
         telah terbalik. Jika indikasi dimaksud                         indication exists, the recoverable amount is
         ditemukan, maka entitas mengestimasi jumlah                    estimated. A previously recognized impairment
         terpulihkan aset tersebut. Kerugian penurunan                  loss for an asset other than goodwill is reversed
         nilai yang telah diakui dalam tahun sebelumnya                 only if there has been a change in the
         untuk aset selain goodwill dibalik hanya jika                  assumptions used to determine the asset’s
         terdapat perubahan asumsi-asumsi yang                          recoverable amount since the last impairment
         digunakan        untuk    menentukan     jumlah                loss was recognized.
         terpulihkan aset tersebut sejak rugi penurunan
         nilai terakhir diakui.




                                                             43
Page 897
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    m. Penurunan         nilai   aset   non-keuangan               m. Impairment       of      non-financial        assets
       (lanjutan)                                                     (continued)

         Apabila terdapat pembalikan penurunan nilai,                   If there is reversal of impairment, the carrying
         jumlah tercatat aset dinaikkan ke jumlah                       amount of the asset is increased to its
         terpulihkannya. Pembalikan tersebut dibatasi                   recoverable amount. However, the reversal is
         sehingga jumlah tercatat aset tidak melebihi                   limited so that the carrying amount of the asset
         jumlah terpulihkannya maupun jumlah tercatat                   does not exceed its recoverable amount, nor
         yang telah disesuaikan, penyusutan bersih,                     exceeds the carrying amount that would have
         seandainya tidak ada rugi penurunan nilai yang                 been determined, net of depreciation, had no
         telah diakui untuk aset tersebut pada tahun                    impairment loss been recognized for the asset
         sebelumnya. Pembalikan rugi penurunan nilai                    in prior years. Reversal of an impairment loss
         diakui dalam laporan laba rugi dan penghasilan                 is recognized in the consolidated statement of
         komprehensif lain konsolidasian. Setelah                       profit or loss and other comprehensive income.
         pembalikan tersebut, penyusutan aset tersebut                  After such a reversal, the depreciation charge
         disesuaikan di tahun mendatang untuk                           on the said asset is adjusted in future years to
         mengalokasikan jumlah tercatat aset yang                       allocate the asset’s revised carrying amount,
         direvisi, dikurangi nilai sisanya, dengan dasar                less any residual value, on a systematic basis
         yang sistematis selama sisa umur manfaatnya.                   over its remaining useful life.

         Goodwill diuji untuk penurunan nilai setiap                    Goodwill is tested for impairment annually and
         tahun dan ketika terdapat suatu indikasi bahwa                 when circumstances indicate that the carrying
         nilai    tercatatnya    mungkin     mengalami                  value may be impaired. Impairment is
         penurunan nilai. Penurunan nilai bagi goodwill                 determined for goodwill by assessing the
         ditetapkan dengan menentukan jumlah tiap                       recoverable amount of each CGU (or group of
         UPK (atau kelompok UPK) terkait dari goodwill.                 CGU) to which the goodwill relates. Where the
         Jika jumlah terpulihkan UPK kurang dari jumlah                 recoverable amount of the CGU is less than its
         tercatatnya, rugi penurunan nilai diakui. Rugi                 carrying amount, an impairment loss is
         penurunan nilai terkait goodwill tidak dapat                   recognized. Impairment losses relating to
         dibalik pada periode-periode berikutnya.                       goodwill can not be reversed in future periods.

      n. Sewa                                                      n.   Leases

         Kelompok Usaha sebagai lessee                                  The Group as lessee

         Untuk menilai apakah kontrak memberikan hak                    To assess whether a contract conveys the right
         untuk mengendalikan penggunaan aset                            to control the use of an identified asset, the
         identifikasian, Kelompok Usaha harus menilai                   Group shall assess whether:
         apakah:
         - Kelompok Usaha memiliki hak untuk                            -   The Group has the right to obtain
             mendapatkan secara subtansial seluruh                          substantially all the economic benefits from
             manfaat ekonomi dari penggunaan aset                           use of the asset throughout the period of
             identifikasian; dan                                            use; and

         -   Kelompok Usaha memiliki hak untuk                          -   The Group has the right to direct the use of
             mengarahkan         penggunaan        aset                     the asset. The Group has this right when it
             identifikasian. Kelompok Usaha memiliki                        has the decision-making rights that are the
             hak ini ketika Kelompok Usaha memiliki hak                     most relevant to changing how and for what
             untuk pengambilan keputusan yang relevan                       purpose the asset is used are
             tentang bagaimana dan untuk tujuan apa                         predetermined:
             aset      digunakan    telah   ditentukan
             sebelumnya dengan:




                                                           44
Page 898
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    n.   Sewa (lanjutan)                                           n.   Leases (continued)

         Kelompok Usaha sebagai lessee (lanjutan)                       The Group as lessee (continued)

             1.   Kelompok Usaha memiliki hak untuk                        1.   The Group has the right to operate the
                  mengoperasikan aset; atau                                     asset; or
             2.   Kelompok Usaha telah mendesain                           2.   The Group has designed assets by
                  aset dengan cara menetapkan                                   pre-stipulating how and for what
                  sebelumnya bagaimana dan untuk                                purpose they will be used during the
                  tujuan apa aset akan digunakan                                period of use.
                  selama periode penggunaan.

         Pada tanggal insepsi atau pada penilaian                       At the inception or on reassessment of a
         kembali atas kontrak yang mengandung                           contract that contains a lease component, the
         sebuah komponen sewa, Kelompok Usaha                           Group allocates the consideration in the
         mengalokasikan imbalan dalam kontrak ke                        contract to each lease component on the basis
         masing-masing komponen sewa berdasarkan                        of their relative stand-alone prices and the
         harga tersendiri relatif dari komponen sewa dan                aggregate stand-alone price of the non-lease
         harga tersendiri agregat dari komponen                         components.
         nonsewa.

         Pada tanggal permulaan sewa, Kelompok                          The Group recognises a right of use asset and
         Usaha mengakui aset hak guna dan liabilitas                    a lease liability at the lease commencement
         sewa. Aset hak guna diukur pada biaya                          date. The right-of-use asset is initially
         perolehan, dimana meliputi jumlah pengukuran                   measured at cost, which comprises the initial
         awal liabilitas sewa yang disesuaikan dengan                   amount of the lease liability adjusted for any
         pembayaran sewa yang dilakukan pada atau                       lease payment made at or before the
         sebelum tanggal permulaan, ditambah dengan                     commencement date, plus an estimate of costs
         estimasi biaya yang akan dikeluarkan untuk                     to dismantle and remove the underlying asset
         membongkar dan memindahkan aset pendasar                       or to restore the underlying asset to the
         atau untuk merestorasi aset pendasar ke                        condition required by the terms and conditions
         kondisi yang disyaratkan dan ketentuan sewa,                   of the lease, less any lease incentives received.
         dikurangi dengan insentif sewa yang diterima.

         Aset hak guna kemudian disusutkan                              The right of use asset is subsequently
         menggunakan metode garis lurus dari tanggal                    depreciated using the straight-line method from
         permulaan hingga tanggal yang lebih awal                       the commencement date to the earlier of the
         antara akhir umur manfaat aset hak guna atau                   end of the useful life of the right-of-use asset or
         akhir masa sewa.                                               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 sewa                     discounted using the interest rate implicit in the
         atau jika suku bunga tersebut tidak dapat                      lease or, if that rate cannot be readily
         ditentukan, maka menggunakan suku bunga                        determined, using incremental borrowing rate.
         pinjaman inkremental. Pada umumnya,                            Generally, the Group uses its incremental
         Kelompok Usaha menggunakan suku bunga                          borrowing rate as the discount rate.
         pinjaman inkremental sebagai tingkat bunga
         diskonto.

         Pembayaran sewa yang termasuk dalam                            Lease payments included in the measurement
         pengukuran     liabilitas sewa meliputi                        of the lease liability from fixed payments.
         pembayaran tetap.




                                                           45
Page 899
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    n.   Sewa (lanjutan)                                            n.   Leases (continued)

         Kelompok Usaha sebagai lessee (lanjutan)                        The Group as lessee (continued)

         Setiap pembayaran sewa dialokasikan sebagai                     Each lease payment is allocated between
         beban keuangan dan pengurangan liabilitas                       finance cost and reduction of the lease liability
         sehingga menghasilkan tingkat suku bunga                        so as to achieve a constant rate on the finance
         yang konstan atas saldo liabilitas yang tersisa.                balance outstanding. The corresponding rental
         Liabilitas sewa yang terkait, dikurangi dengan                  obligations, net of finance cost, are included in
         beban keuangan, dimasukkan ke dalam                             “lease liabilities”.
         “liabilitas sewa”.

         Elemen bunga dari beban keuangan                                The interest element of the finance cost is
         dibebankan pada laba rugi selama periode                        charged to profit or loss over the lease period
         sewa sehingga menghasilkan tingkat bunga                        so as to produce a constant periodic rate of
         periodik yang konstan untuk saldo liabilitas                    interest on the remaining balance of the liability
         yang tersisa pada setiap periode.                               for each period.

         Kelompok Usaha menyajikan aset hak guna                         The Group presents right of use assets as part
         sebagai bagian dari “aset tetap” dan “liabilitas                of “fixed assets” and “lease liabilities” in the
         sewa” di dalam laporan posisi keuangan.                         statement of financial position.

         Kelompok Usaha menyusutkan aset hak guna                        The Group depreciates the right-of-use asset
         dari tanggal permulaan hingga tanggal yang                      from the commencement date to the earlier of
         lebih awal antara akhir umur manfaat aset hak                   the end of the useful life of the right-of-use asset
         guna atau akhir masa sewa.                                      or the end of the lease term.

         Sewa jangka pendek                                              Short-term leases

         Kelompok Usaha memutuskan untuk tidak                           The Group has elected not to recognise right of
         mengakui aset hak guna dan liabilitas sewa                      use assets and lease liabilities for short-term
         untuk sewa jangka pendek yang memiliki masa                     leases that have a lease term of 12 months or
         sewa 12 bulan atau kurang. Kelompok Usaha                       less. The Group recognizes the leases
         mengakui pembayaran sewa atas sewa                              payments associated with these leases as an
         tersebut sebagai beban dengan dasar garis                       expense on a straight-line basis over the lease
         lurus selama masa sewa.                                         term.

    o.   Perpajakan                                                o.    Taxation

         Pajak penghasilan badan                                         Corporate income tax

         Beban pajak adalah jumlah gabungan pajak                        Tax expense is the aggregate amount of
         kini dan pajak tangguhan yang diperhitungkan                    current tax and deferred tax which calculated
         dalam menentukan laba rugi pada suatu                           in determining profit or loss in the period.
         periode. Pajak kini dan pajak tangguhan diakui                  Current tax and deferred tax is recognized in
         dalam laba rugi, kecuali pajak penghasilan                      profit or loss, except for income tax arising
         yang timbul dari transaksi atau peristiwa yang                  from transactions or events that are
         diakui dalam penghasilan komprehensif lain                      recognized in other comprehensive income or
         atau secara langsung di ekuitas. Dalam hal ini,                 directly in equity. In this case, the tax is
         pajak tersebut masing-masing diakui dalam                       recognized in other comprehensive income or
         penghasilan komprehensif lain atau ekuitas.                     equity, respectively.




                                                            46
Page 900
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)
    o.   Perpajakan (lanjutan)                                      o.   Taxation (continued)
         Pajak penghasilan badan (lanjutan)                              Corporate Income tax (continued)
         Jumlah pajak kini untuk periode berjalan dan                    Current tax for current and prior periods shall,
         periode sebelumnya yang belum dibayar diakui                    to the extent unpaid, be recognised as a
         sebagai liabilitas. Jika jumlah pajak yang                      liability. If the amount already paid in respect
         dibayar untuk periode berjalan dan periode-                     of current and prior periods exceeds the
         periode sebelumnya melebihi jumlah pajak                        amount due for those periods, the excess shall
         yang terutang untuk periode tersebut, maka                      be recognised as an asset. Current tax
         kelebihannya diakui sebagai aset. Liabilitas                    liabilities (assets) for the current and prior
         (aset) pajak kini untuk periode berjalan dan                    periods shall be measured at the amount
         periode sebelumnya diukur sebesar jumlah                        expected to be paid to (recovered from) the
         yang diperkirakan akan dibayar kepada otoritas                  taxation authorities, using the tax rates (and
         perpajakan, yang dihitung menggunakan tarif                     tax laws) that have been enacted or
         pajak (dan undang-undang pajak) yang telah                      substantively enacted by the end of the
         berlaku atau telah berlaku pada akhir periode                   reporting period.
         pelaporan.
         Manfaat terkait dengan rugi pajak yang dapat                    Benefits related to tax losses that can be
         ditarik untuk memulihkan pajak kini dari periode                withdrawn to recover current tax of prior
         sebelumnya diakui sebagai aset. Aset pajak                      periods is recognized as an asset. Deferred tax
         tangguhan diakui untuk akumulasi rugi pajak                     asset is recognized for the carryforward of
         belum dikompensasi dan kredit pajak belum                       unused tax losses and unused tax credit to the
         dimanfaatkan sepanjang kemungkinan besar                        extent that it is probable that future taxable
         laba kena pajak masa depan akan tersedia                        profit will be available against which the
         untuk dimanfaatkan dengan rugi pajak belum                      unused tax losses and unused tax credits can
         dikompensasi dan kredit pajak belum                             be utilized.
         dimanfaatkan.
         Seluruh perbedaan temporer kena pajak diakui                    A deferred tax liability shall be recognised for
         sebagai liabilitas pajak tangguhan, kecuali                     all taxable temporary differences, except to the
         perbedaan temporer kena pajak yang berasal                      extent that the deferred tax liability arises from:
         dari:
          a) Pengakuan awal goodwill; atau                               a)   The initial recognition of goodwill; or
          b) Pengakuan awal aset atau liabilitas dari                    b)   The initial recognition of an asset or
               transaksi yang bukan kombinasi bisnis                          liability in a transaction which is not a
               dan    pada     saat     transaksi tidak                       business combination and at the time of
               memengaruhi laba akuntansi atau laba                           the transaction, affects neither accounting
               kena pajak (rugi pajak); dan                                   profit nor taxable profit (tax loss); and
          c) Pada saat transaksi tidak menimbulkan                       c)   At the time of the transaction does not give
               perbedaan temporer kena pajak dan                              rise to equal taxable and deduction
               perbedaan temporer dapat dikurangkan                           temporary difference.
               dalam jumlah yang sama.
         Aset pajak tangguhan diakui untuk seluruh                       A deferred tax asset shall be recognised for all
         perbedaan temporer dapat dikurangkan                            deductible temporary differences to the extent
         sepanjang kemungkinan besar laba kena pajak                     that it is probable that taxable profit will be
         akan tersedia sehingga perbedaan temporer                       available against which the deductible
         dapat dimanfaatkan untuk mengurangi laba                        temporary difference can be utilised, unless the
         dimaksud, kecuali jika aset pajak tangguhan                     deferred tax asset arises from the initial
         timbul dari pengakuan awal atau pengakuan                       recognition of an asset or liability in a
         awal liabilitas dalam transaksi yang bukan                      transaction that is not a business combination
         kombinasi bisnis dan pada saat transaksi tidak                  and at the time of the transaction affects neither
         memengaruhi laba akuntansi atau laba kena                       accounting profit nor taxable profit (tax loss),
         pajak (rugi pajak), dan pada saat transaksi                     and at the time the transaction does not give
         tidak menimbulkan perbedaan temporer kena                       rise to taxable temporary differences and the
         pajak dan perbedaan temporer dapat                              temporary differences can be deducted in the
         dikurangkan dalam jumlah yang sama.                             same amount.

                                                            47
Page 901
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI              2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    o.   Perpajakan (lanjutan)                                      o.   Taxation (continued)

         Pajak penghasilan badan (lanjutan)                              Corporate income tax (continued)

         Atau dari perbedaan temporer yang dapat                         Or in respect of deductible temporary
         dikurangkan atas investasi pada entitas anak,                   differences associated with investments in
         aset pajak tangguhan hanya diakui bila besar                    subsidiaries, deferred tax assets are
         kemungkinannya bahwa beda temporer itu                          recognized only to the extent that it is probable
         tidak akan dibalik dalam waktu dekat dan laba                   that the temporary differences will reverse in
         kena pajak dapat dikompensasi dengan beda                       the foreseeable future and taxable profit will be
         temporer tersebut.                                              available against which the temporary
                                                                         differences can be utilized.

         Pajak tangguhan diukur dengan menggunakan                       Deferred tax is measured at the tax rates that
         tarif pajak yang diperkirakan berlaku ketika aset               are expected to apply to the period when the
         dipulihkan     atau     liabilitas diselesaikan,                asset is realized or the liability is settled, based
         berdasarkan tarif pajak (dan peraturan pajak)                   on tax rates (and tax laws) that have been
         yang telah berlaku atau secara substantif telah                 enacted or substantively enacted by the end of
         berlaku pada akhir periode pelaporan.                           the reporting period. The measurement of
         Pengukuran aset dan liabilitas pajak tangguhan                  deferred tax liabilities and deferred tax assets
         mencerminkan konsekuensi pajak yang sesuai                      shall reflect the tax consequences that would
         dengan cara Perusahaan memperkirakan,                           follow from the manner in which the Company
         pada akhir periode pelaporan, untuk                             expects, at the end of the reporting period, to
         memulihkan atau menyelesaikan jumlah                            recover or settle the carrying amount of its
         tercatat aset dan liabilitasnya.                                assets and liabilities.

         Jumlah tercatat aset pajak tangguhan ditelaah                   The carrying amount of a deferred tax asset is
         ulang pada akhir periode pelaporan. Kelompok                    reviewed at the end of each reporting period.
         Usaha       mengurangi      jumlah    tercatat                  The Group shall reduce the carrying amount of
         aset pajak tangguhan jika kemungkinan besar                     a deferred tax asset to the extent that it is no
         laba       kena      pajak      tidak     lagi                  longer probable that sufficient taxable profit will
         tersedia dalam jumlah yang memadai untuk                        be available to allow the benefit of part or all of
         mengkompensasikan sebagian atau seluruh                         that deferred tax asset to be utilised. Any such
         aset pajak tangguhan tersebut. Setiap                           reduction shall be reversed to the extent that it
         pengurangan tersebut dilakukan pembalikan                       becomes probable that sufficient taxable profit
         atas    aset    pajak    tangguhan     hingga                   will be available.
         kemungkinan besar laba kena pajak yang
         tersedia jumlahnya memadai.

         Kelompok Usaha melakukan saling hapus aset                      The Group offsets deferred tax assets and
         pajak tangguhan dan liabilitas pajak tangguhan                  deferred tax liabilities if, and only if:
         jika dan hanya jika:
           a) Kelompok Usaha memiliki hak yang dapat                      a)   The Group has rights that can be
              dipaksakan        secara    hukum    untuk                       enforced by law to offsets current tax
              melakukan saling hapus aset pajak kini                           assets against current tax liabilities; and
              terhadap liabilitas pajak kini; dan
           b) Aset pajak tangguhan dan liabilitas pajak                   b)   The deferred tax assets and deferred tax
              tangguhan        terkait   dengan    pajak                       liabilities related to income taxes levied
              penghasilan yang dikenakan oleh otoritas                         by the same taxation authority on:
              perpajakan yang sama atas:




                                                             48
Page 902
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)

2. INFORMASI       KEBIJAKAN                 AKUNTANSI              2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

    o.   Perpajakan (lanjutan)                                         o.   Taxation (continued)

         Pajak penghasilan badan (lanjutan)                                 Corporate income tax (continued)

             i.    Entitas kena pajak yang sama; atau                             i.    The same taxable entity; or
             ii.   Entitas kena pajak yang berbeda yang                           ii.   Different taxable entities which
                   bermaksud untuk memulihkan aset                                      intend to recover current tax assets
                   dan liabilitas pajak kini dengan dasar                               and liabilities with a net basis, or
                   neto, atau merealisasikan aset dan                                   realize the asset and settle the
                   menyelesaikan       liabilitas  secara                               liabilities simultaneously, in each
                   bersamaan, pada setiap periode masa                                  future period in which significant
                   depan dimana jumlah signifikan atas                                  amounts of the assets or deferred
                   aset atau liabilitas pajak tangguhan                                 tax liabilities are expected to be
                   diperkirakan untuk diselesaikan atau                                 completed or restored.
                   dipulihkan.

         Aset pajak kini dan liabilitas pajak kini disajikan                The offset current tax assets and current tax
         jika, dan hanya jika, Kelompok Usaha:                              liabilities if, and only if, the Group:
         1) Memiliki hak yang berkekuatan hukum                             1) Owned legally enforceable right to set-off
              untuk menghapus dalam jumlah yang                                  the recognized amounts; and
              diakui; dan
         2) Bermaksud untuk menyelesaikan dengan                            2)   Intends either to settle on a net basis, or
              dasar neto atau merealisasikan aset                                to realize the assets and settle liabilities
              dan menyelesaikan liabilitas secara                                simultaneously.
              bersamaan.

         Pajak penghasilan final                                            Final income tax

         Penghasilan dari penjualan rumah (subsidi dan                      Income from sale of real property (subsidy and
         nonsubsidi) dan penghasilan dari sewa gedung                       non-subsidy) and income from rental building is
         merupakan subjek pajak final masing-masing                         subject to final tax rates of 1%, 2.5%, and 10%,
         sebesar 1%, 2,5%, dan 10%. Pajak                                   respectively. The final income tax is calculated
         penghasilan final dihitung pada jumlah total                       on the total amount of billings for the contract
         tagihan untuk nilai kontrak yang dikumpulkan                       value which is collected during the year.
         selama setahun.

         Perbedaan nilai tercatat aset atau liabilitas                      The differences between the carrying amounts
         yang berhubungan dengan pajak penghasilan                          of existing assets or liabilities related to the final
         final dengan dasar pengenaan pajaknya tidak                        income tax and their respective tax bases are
         diakui sebagai aset atau liabilitas pajak                          not recognized as deferred tax assets or
         tangguhan.                                                         liabilities.

         Beban pajak sehubungan dengan penghasilan                          Tax expense related to income subject to final
         yang dikenakan pajak penghasilan final diakui                      income tax is recognized in proportional to total
         secara     proporsional  dengan       jumlah                       income recognized during the current year for
         pendapatan yang diakui pada tahun berjalan                         accounting purposes.
         untuk tujuan akuntansi.

         Selisih antara jumlah pajak penghasilan final                      The difference between the final income tax
         yang telah dibayar dengan jumlah yang                              paid and the amount charged as final income
         dibebankan sebagai beban pajak penghasilan                         tax expense in the consolidated statement of
         final pada laporan laba rugi dan penghasilan                       profit or loss and other comprehensive income
         komprehensif lain konsolidasian diakui sebagai                     is recognized as prepaid tax or tax payable.
         pajak dibayar di muka atau utang pajak.




                                                               49
Page 903
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    o.   Perpajakan (lanjutan)                                     o.   Taxation (continued)

         Pajak Pertambahan Nilai (PPN)                                  Value-Added Tax (VAT)

         Pendapatan, beban dan aset diakui setelah                      Revenues, expenses and assets are
         dikurangi dengan jumlah PPN kecuali:                           recognized net of the amount of VAT, except:
         • Ketika PPN yang terjadi sehubungan                            • Where the VAT incurred on a purchase of
             dengan pembelian aset atau jasa tidak                           assets or services is not recoverable from
             dapat diklaim kepada kantor pajak, dalam                        the tax office, in which case the VAT is
             hal ini PPN diakui sebagai bagian dari                          recognized as part of the cost of
             biaya perolehan aset atau sebagai beban.                        acquisition of the asset or as part of the
                                                                             expense item as applicable.
         •   Piutang dan utang yang disajikan termasuk                   • Receivables and payables that are stated
             PPN.                                                            with the amount of VAT included.

    p.   Imbalan kerja                                             p.   Employee benefits

         Imbalan Pascakerja                                             Post-employment benefits
         Program pensiun                                                Pension program

         Perusahaan memiliki berbagai program                           The Company has pension schemes in
         pensiun      sesuai      dengan     peraturan                  accordance with prevailing labor-related laws
         ketenagakerjaan dan kebijakan Perusahaan.                      and regulations and the Company’s policy.
         Program ini pada umumnya didanai melalui                       The schemes are generally funded through
         pembayaran kepada pengelola dana pensiun                       payments to trustee-administered funds as
         sebagaimana ditentukan dalam perhitungan                       determined by periodic actuarial calculations.
         aktuarial yang dilakukan secara berkala.

         Program pensiun imbalan pasti adalah program                   A defined benefit plan is a pension plan that
         pensiun yang menentukan jumlah imbalan                         defines an amount of pension benefit to be
         pensiun yang akan diberikan, biasanya                          provided, usually as a function of one or more
         berdasarkan pada satu faktor atau lebih seperti                factors, such as age, years of service or
         usia, masa kerja atau kompensasi.                              compensation.

         Program pensiun iuran pasti adalah sebuah                      A defined contribution plan is a pension plan
         program pensiun dimana Perusahaan akan                         under which the Company pays fixed
         membayar iuran tetap kepada sebuah entitas                     contributions      into   a   separate      entity
         yang terpisah (dana pensiun) dan tidak memiliki                (a pension fund) and will have no legal or
         kewajiban hukum atau konstruktif untuk                         constructive obligations to pay further
         membayar kontribusi lebih lanjut apabila dana                  contributions if the fund does not hold sufficient
         pensiun tersebut tidak memiliki aset yang                      assets to pay all employees the benefits
         memadai untuk membayar seluruh imbalan                         relating to employee service in the current and
         karyawan      yang    berhubungan      dengan                  prior years.
         pelayanan yang diberikan oleh karyawan pada
         tahun kini dan sebelumnya.

         Perusahaan harus menyediakan program                           The Company is required to provide a minimum
         pensiun      dengan     imbalan      minimal                   amount of pension benefits in accordance with
         tertentu sesuai dengan UU Cipta Kerja No.                      Job Creation Law No. 06/2023 however, in this
         06/2023 namun dalam perhitungan ini masih                      calculation, it still refers to the Collective Labor
         mengacu pada Perjanjian Kerja Bersama dan                      Agreement and PP 35/2021. The Company’s
         PP 35/2021. Program pensiun Perusahaan                         pension plan based on the calculation of the
         berdasarkan perhitungan imbalan pensiun                        benefit obligation performed by the actuaries
         yang dilakukan oleh aktuaris menunjukkan                       provide that the expected benefits under the
         bahwa perkiraan imbalan yang disediakan oleh                   Company’s pension plan will exceed the
         program pensiun Perusahaan akan melebihi                       minimum requirements of the pension liability
         imbalan pensiun minimal yang ditentukan oleh                   regulated by Labor Law.
         UU Ketenagakerjaan.

                                                           50
Page 904
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    p.   Imbalan kerja (lanjutan)                                  p.   Employee benefits (continued)

         Imbalan Pascakerja (lanjutan)                                  Post-employment benefits (continued)

         Program pensiun (lanjutan)                                     Pension program (continued)

         Perusahaan     menyelenggarakan    program                     The Company provides a defined benefit
         pensiun manfaat pasti untuk pegawai tetap                      pension plan covering all permanent
         yang dikelola oleh Dana Pensiun Jasa Marga                     employees which is managed by the Dana
         (DPJM). Manfaat pensiun yang akan dibayar                      Pensiun Jasa Marga (DPJM). Pension benefit
         dihitung berdasarkan penghasilan dasar                         to be paid are determined based on basic
         pensiun dan masa kerja pegawai.                                pension income and the period of the
                                                                        employment.

         DPJM telah mendapat persetujuan dari Menteri                   The DPJM has been authorized by the Decree
         Keuangan         Republik         Indonesia                    of the Ministry of Finance of the Republic of
         No. KEP-370/KM.17/1997, tanggal 15 Juli 1997                   Indonesia No. KEP-370/KM.17/1997,      dated
         dan diperbaharui dengan Surat Keputusan                        July   15,     1997    and    amended      by
         Otoritas  Jasa    Keuangan      No.     KEP-                   the Decree of Financial Services Authority
         578/NB.11/2018 tanggal 25 Mei 2018.                            No. KEP-578/NB.11/2018 dated May 25, 2018.

         Jumlah iuran karyawan untuk program pensiun                    The employees contribute 3% of their basic
         sebesar 3% dari gaji pokok dan sisa                            salaries to the plan and the remaining funding
         pendanaan sebesar 23,96% menjadi beban                         of 23.96% is contributed by the Company.
         Perusahaan.

         Terkait adanya siaran pers DSAK IAI                            Regarding the DSAK IAI press release
         "Pengatribusian Imbalan pada Periode Jasa"                     "Compensation Attribution in the Service
         pada bulan April 2022, Perusahaan mengubah                     Period" in April 2022, the Company changed
         kebijakan terkait atribusi imbalan pensiun pada                the policy related to the attribution of pension
         periode jasa sesuai ketentuan dalam PSAK 24                    compensation in the service period in
         untuk pola fakta umum dari program pensiun                     accordance with the provisions in PSAK 24 for
         berbasis UU Cipta Kerja No. 06/2023 namun                      the general fact pattern of pension programs
         dalam perhitungan ini masih mengacu pada                       based on the Job Creation Law No. 06/2023
         Perjanjian Kerja Bersama dan PP 35/2021.                       however, in this calculation, it still refers to the
                                                                        Collective Labor Agreement and PP 35/2021.

         Kewajiban program pensiun imbalan pasti yang                   The liability recognized in the consolidated
         diakui di laporan posisi keuangan konsolidasian                statement of financial position in respect of
         adalah nilai kini kewajiban imbalan pasti pada                 defined benefit pension plans is the present
         tanggal laporan posisi keuangan konsolidasian                  value of the defined benefit obligation at the
         dikurangi nilai wajar aset program. Kewajiban                  consolidated statement of financial position
         imbalan pasti dihitung setiap tahun oleh                       date less the fair value of plan assets. The
         aktuaris independen dengan menggunakan                         defined benefit obligation is calculated annually
         metode Projected-Unit-Credit.                                  by independent actuaries using the Projected-
                                                                        Unit-Credit method.

         Nilai kini kewajiban imbalan pasti ditentukan                  The present value of the defined benefit
         dengan mendiskontokan estimasi arus kas                        obligation is determined by discounting the
         keluar di masa depan dengan menggunakan                        estimated future cash outflows using the
         tingkat suku bunga obligasi perusahaan                         interest rates of high-quality corporate bonds
         berkualitas tinggi dalam mata uang yang sama                   that are denominated in the currency in which
         dengan mata uang imbalan yang akan                             the benefit will be paid, and that have terms to
         dibayarkan, dan waktu jatuh temponya kurang                    maturity approximating the terms of the related
         lebih    sama      dengan   kewajiban    yang                  pension liability.
         bersangkutan.



                                                           51
Page 905
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    p.   Imbalan kerja (lanjutan)                                  p.   Employee benefits (continued)

         Imbalan Pascakerja (lanjutan)                                  Post-employment benefits (continued)

         Program pensiun (lanjutan)                                     Pension program (continued)

         Keuntungan atau kerugian aktuaria dari                         Actuarial gains or losses arising from
         penyesuaian dan perubahan asumsi aktuaria                      experience adjustments and changes in
         langsung    diakui    seluruhnya      melalui                  actuarial assumptions are directly recognized
         pendapatan komprehensif lainnya. Akumulasi                     in     other       comprehensive      income.
         keuntungan dan kerugian aktuarial disajikan di                 Accumulated actuarial gains and losses are
         ekuitas.                                                       reported in equity.

         Program purna karya                                            Post retirement benefit program

         Berdasarkan      Surat   Keputusan     Direksi                 Based on the Company’s Directors Decree
         No. 163/KPTS/2003 tanggal 23 September                         No. 163/KPTS/2003 dated September 23,
         2003,     Perusahaan     akan     memberikan                   2003, the Company provides retirement benefit
         tunjangan purna karya berupa pembayaran                        which is equal to 24 times the monthly salary
         sekaligus sebanyak 24 kali penghasilan                         (excluding overtime and tax allowance) for
         terakhir (diluar lembur dan tunjangan pajak)                   employees who cease work due to retirement,
         kepada karyawan yang berhenti bekerja karena                   death, or disability. Employees who have
         pensiun, meninggal, atau cacat. Bagi karyawan                  reached retirement age are required to have a
         yang memasuki usia pensiun dipersyaratkan                      minimum working period of 25 years to obtain
         memiliki masa kerja minimal 25 tahun. Surat                    this benefit. The decree was effective on
         keputusan ini berlaku efektif sejak tanggal                    January 1, 2003.
         1 Januari 2003.

         Jumlah iuran premi bulanan coming service                      The amount of monthly premium contribution
         setiap bulan adalah sebesar 6% dari                            for coming service is 6% from insurance basic
         Penghasilan Dasar Asuransi (PhDA) dengan                       income (PhDA) which represent 4% and 2%
         proporsi Perusahaan dan karyawan masing-                       from insurance basic income of the Company
         masing sebesar 4% dan 2% dari PhDA.                            and employee proportion, respectively.

         Perusahaan mengadakan kontrak kerja sama                       The Company entered into a cooperation
         pengelolaan program Purna Karya karyawan                       agreement to manage employee Post
         dengan AJB Bumiputera 1912, melalui                            Retirement with AJB Bumiputera 1912, through
         Perjanjian       No.       34/Kontrak-DIR/2007                 agreement No. 34/Kontrak-DIR/2007 and
         dan      No. 441/AJB/JM/PKS/12/07,      tanggal                No. 441/AJB/JM/PKS/12/07, dated December
         19 Desember 2007. Perusahaan dan AJB                           19, 2007. The Company and AJB Bumiputera
         Bumiputera 1912 telah mengadakan adendum I                     1912 entered into addendum I through
         melalui perjanjian No. 52/Kontrak-DIR/2019 dan                 agreement No. 52/Kontrak-DIR/2019 and
         No. 007/BP-PT JM/ADD/VII/2019 tanggal                          No. 007/BP-PT JM/ADD/VII/2019 dated July
         23 Juli 2019.                                                  23, 2019.

         Program Purna Karya dalam kontrak ini akan                     The post retirement in this contract will give a
         memberikan manfaat dalam bentuk uang purna                     benefit in post retirement cash in lump sum to
         karya secara sekaligus (lump sum) kepada                       the    retired    of   permanent     employee.
         karyawan tetap yang berhenti bekerja.




                                                           52
Page 906
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    p.   Imbalan kerja (lanjutan)                                   p.   Employee benefits (continued)

         Imbalan Pascakerja (lanjutan)                                   Post-employment benefits (continued)

         program purna karya (lanjutan)                                  Post retirement benefit program (continued)

         Perusahaan menyediakan imbalan kesehatan                        The Company provides post-retirement health
         pascakerja untuk pensiunan yang berhak. Hak                     care benefits to its entitled retirees. The
         atas imbalan ini pada umumnya diberikan                         entitlement to these benefits is usually based
         apabila karyawan bekerja sampai usia pensiun                    on the employees’ remaining in service up to
         dan memenuhi masa kerja minimum tertentu.                       retirement age and the completion of a
         Prakiraan biaya imbalan ini masih harus diakui                  minimum service period. The expected costs of
         sepanjang masa kerja karyawan, dengan                           these benefits are accrued over the period of
         menggunakan metode akuntansi yang sama                          employment, using an accounting method
         dengan metode yang digunakan dalam                              similar to that for defined benefit pension plans.
         perhitungan program pensiun imbalan pasti.                      These obligations are valued annually by
         Kewajiban ini dinilai setiap tahun oleh aktuaris                independent actuary.
         independen.

         Imbalan pelayanan kesehatan pensiun                             Post-retirement health care benefits

         Berdasarkan     Surat     Keputusan    Direksi                  Based on the Directors’ Decision Letter
         No. 228/KPTS/2006, tanggal 26 Desember 2006,                    No. 228/KPTS/2006, dated December 26, 2006
         tentang Penyempurnaan Keputusan Direksi                         regarding Improvement of the Directors’
         No. 61/KPTS/2001         tentang      Jaminan                   Decrees No. 61/KPTS/2001 about The
         Pemeliharaan Kesehatan Pensiunan dan                            Management of Health Maintenance for the
         Keluarga, yang bertujuan untuk tetap menjaga                    Pensioner and Family, which its objective is to
         agar pensiunan dan keluarga pensiunan dapat                     allow the pensionary and their family to have a
         melakukan pola hidup sehat dan memiliki                         healthy life and high productivity, the
         produktivitas yang tinggi, keluarga pensiunan                   pensionary family that are eligible to receive
         yang mendapat bantuan pengobatan dari                           medical assistance from the Company are
         Perusahaan dibatasi dengan jumlah sebanyak-                     limited to 3 (three) children that are registered
         banyaknya 3 (tiga) anak dan telah terdaftar di                  with the Company.
         Perusahaan.

         Entitas Anak                                                    Subsidiaries

         Entitas Anak menghitung liabilitas imbalan                      The Subsidiaries has calculated the liability for
         pascakerja dengan metode Projected-Unit-                        other employee benefits using the Projected-
         Credit, sesuai dengan PSAK 24. Biaya jasa kini                  Unit-Credit method based on PSAK 24. Current
         diakui sebagai beban pada tahun berjalan.                       service cost is recognized as an expense in the
         Biaya jasa lalu sebagai dampak perubahan                        current year. Past service cost, actuarial
         asumsi aktuaria bagi karyawan aktif diakui                      adjustments and the effect of changes in
         langsung dalam diakui sebagai laporan laba                      actuarial assumptions for active employees are
         rugi dan penghasilan komprehensif lain                          directly recognized in consolidated statements
         konsolidasian.                                                  of profit or loss and other comprehensive
                                                                         income.

         JLJ menyelenggarakan program pensiun iuran                      JLJ provides a defined contribution pension
         pasti untuk semua karyawan tetapnya.                            program covering all permanent employees.
         Program pensiun didanai seluruhnya oleh JLJ.                    The pension program is entirely funded by JLJ.
         Kontribusi yang diberikan JLJ dibebankan pada                   The contribution borne by JLJ is charged to the
         laporan     laba    rugi    dan    penghasilan                  consolidated statements of profit or loss and
         komprehensif     lain    konsolidasian  tahun                   other comprehensive income in the current
         berjalan.                                                       year.



                                                            53
Page 907
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN              AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    p.   Imbalan kerja (lanjutan)                                  p.   Employee benefits (continued)

         Imbalan Pascakerja (lanjutan)                                  Post-employment benefits (continued)

         Kompensasi kepada Pekerja berdasarkan                          Compensation for Employees under Fixed
         Perjanjian Kerja Waktu Tertentu (”PKWT”)                       Term Employment Agreement (“PKWT”)

         Perusahaan mencatat penyisihan untuk                           The Company recognizes a provision for
         kompensasi yang akan dibayarkan kepada                         compensation to be paid to employees under
         karyawan saat selesainya jangka waktu                          Fixed Term Employment Agreement (PKWT) at
         perjanjian berdasarkan Perjanjian Kerja Waktu                  the end of the agreement period in accordance
         Tertentu (PKWT) sesuai dengan Peraturan                        with Government Regulation No. 35/2021.
         Pemerintah No. 35/2021.

    q.   Instrumen keuangan                                        q.   Financial instruments

         1.   Aset keuangan                                             1. Financial assets

              Instrumen keuangan adalah setiap                             A financial instrument is any contract that
              kontrak yang memberikan kenaikan nilai                       gives rise to a financial asset of one entity
              aset keuangan dari satu entitas dan                          and a financial liability or equity instrument
              liabilitas keuangan atau instrumen ekuitas                   of another entity.
              dari entitas lainnya.

              Pengakuan awal                                               Initial recognition

              Klasifikasi dan pengukuran aset keuangan                     Classification and measurement of financial
              harus didasarkan pada bisnis model dan                       assets are based on business model and
              arus kas kontraktual - apakah semata dari                    contractual cash flows - whether from solely
              pembayaran pokok dan bunga.                                  payment of principal and interest.

              Aset keuangan diklasifikasikan, pada                         Financial assets are classified, at initial
              pengakuan awal, yang selanjutnya diukur                      recognition, as subsequently measured at
              pada biaya perolehan diamortisasi, nilai                     amortized cost, fair value through other
              wajar melalui penghasilan komprehensif                       comprehensive income (OCI), and fair
              lain (OCI), dan nilai wajar melalui laba                     value through profit or loss.
              rugi.

              Kelompok Usaha menentukan klasifikasi                        The Group determines the classification of
              aset keuangan tersebut pada pengakuan                        its financial assets at initial recognition and
              awal dan tidak bisa melakukan perubahan                      can not change the classification already
              setelah penerapan awal tersebut.                             made at initial adoption.

              Semua aset keuangan pada awalnya                             All financial assets are initially recognized
              diakui sebesar nilai wajarnya ditambah                       at their fair value plus transaction costs,
              dengan biaya-biaya transaksi, kecuali                        unless financial assets are recorded at fair
              aset keuangan dicatat pada nilai wajar                       value through profit or loss.
              melalui laba rugi.

              Pada tanggal 31 Desember 2023 dan                            As of December 31, 2023 and 2022, the
              2022, aset keuangan Kelompok Usaha                           Group’s financial assets include cash and
              mencakup kas dan setara kas, investasi                       cash equivalents, short-term investments,
              jangka pendek, piutang lain - lain, dana                     other receivables, restricted funds, and
              yang dibatasi penggunaannya, dan aset                        other financial assets - net.
              keuangan lainnya neto.




                                                           54
Page 908
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

2. INFORMASI       KEBIJAKAN                  AKUNTANSI              2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                                  INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                                  q.   Financial instruments (continued)

         1.   Aset keuangan (lanjutan)                                       1. Financial assets (continued)

              Pengakuan awal (lanjutan)                                         Initial recognition (continued)

              Aset keuangan diklasifikasikan sebagai                            Financial assets in this category are
              aset lancar, jika jatuh tempo dalam waktu                         classified as current assets if expected to
              12 bulan, jika tidak maka aset keuangan                           be settled within 12 months, otherwise they
              ini diklasifikasikan sebagai aset tidak                           are classified as non-current.
              lancar.

              Pengukuran setelah pengakuan awal                                 Subsequent measurement

              Pengukuran aset keuangan setelah                                  The subsequent measurement of financial
              pengakuan       awal   tergantung pada                            assets depends on their classification as
              klasifikasinya sebagai berikut:                                   follows:

              (i)    Aset keuangan yang diukur dengan                           (i)   Financial assets at amortised cost
                     biaya diamortisasi

                     Aset keuangan yang diukur dengan                                 Financial assets at amortized cost are
                     biaya diamortisasi selanjutnya diukur                            subsequently measured using the
                     dengan menggunakan metode suku                                   Effective Interest Rate (“EIR”) method,
                     bunga efektif (Effective Interest Rate)                          less impairment.
                     (“EIR”), setelah dikurangi dengan
                     penurunan nilai.

                     Biaya perolehan yang diamortisasi                                Amortized cost is calculated by taking
                     dihitung dengan memperhitungkan                                  into account any discount or premium
                     diskonto atau premi atas biaya                                   on acquisition fees or costs that are an
                     akuisisi atau biaya yang merupakan                               integral part of the EIR. The EIR
                     bagian integral dari EIR tersebut.                               amortization is included in the
                     Amortisasi EIR dicatat dalam laporan                             consolidated profit or loss. The losses
                     laba rugi konsolidasian. Kerugian                                arising from impairment are also
                     yang timbul dari penurunan nilai juga                            recognized in profit or loss.
                     diakui pada laba rugi.

                     Aset keuangan yang diukur dengan                                 The Group's financial assets that
                     biaya diamortisasi Kelompok Usaha                                measured at amortized cost consist of
                     terdiri dari kas dan setara kas, piutang                         cash and cash equivalents, other
                     lain - lain, dan dana yang dibatasi                              receivables and restricted funds in the
                     penggunaannya pada laporan posisi                                consolidated statement of financial
                     keuangan konsolidasian.                                          position.

              (ii)   Aset keuangan yang diukur pada                             (ii) Financial assets at fair value through
                     nilai wajar melalui penghasilan                                 other     comprehensive         income
                     komprehensif lain (FVTOCI)                                      (FVTOCI)




                                                                55
Page 909
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                  AKUNTANSI             2. MATERIAL      ACCOUNTING                   POLICIES
   MATERIAL (lanjutan)                                                 INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                                 q.   Financial instruments (continued)

         1.    Aset keuangan (lanjutan)                                     1. Financial assets (continued)

               Pengukuran setelah pengakuan awal                               Subsequent measurement (continued)
               (lanjutan)

                      Aset keuangan yang diukur pada                               Financial assets at fair value through
                      nilai wajar melalui penghasilan                              other comprehensive income are
                      komprehensif      lain   selanjutnya                         subsequently       carried     in     the
                      disajikan dalam laporan posisi                               consolidated statement of financial
                      keuangan konsolidasian sebesar                               position at fair value, with changes in
                      nilai wajar, dengan perubahan nilai                          fair value recognized in the other
                      wajar yang diakui dalam penghasilan                          comprehensive income, except for
                      komprehensif lain, kecuali untuk                             impairment gains and losses, and a
                      kerugian akibat penurunan nilai dan                          portion of foreign exchange gains and
                      keuntungan atau kerugian akibat                              losses, are recognized in profit or loss.
                      perubahan kurs, diakui pada laba
                      rugi.

                      Ketika aset keuangan tersebut                                When the asset is derecognized or
                      dihentikan      pengakuannya     atau                        reclassified, changes in fair value
                      direklasifikasi, keuntungan atau                             previously     recognized    in other
                      kerugian kumulatif yang sebelumnya                           comprehensive          income     and
                      diakui       dalam       penghasilan                         accumulated in equity are reclassified
                      komprehensif lain direklasifikasi dari                       from equity to profit and loss as a
                      ekuitas ke laba rugi sebagai                                 reclassification adjustment.
                      penyesuaian reklasifikasi.

                      Kelompok Usaha memiliki investasi                            The Group has investments in equity
                      dalam instrumen ekuitas, mencakup                            instruments,    includes     short-term
                      investasi jangka pendek dan aset                             investments and other financial assets
                      keuangan lainnya neto, yang                                  - net, which are classified as financial
                      diklasifikasikan     sebagai   aset                          asset at fair value through other
                      keuangan yang diukur pada nilai                              comprehensive income.
                      wajar        melalui     penghasilan
                      komprehensif lain.

                      Investasi pada saham dengan                                   Investments in shares with ownership
                      kepemilikan kurang dari 20% dicatat                           interest of less than 20% carried at fair
                      pada nilai wajar melalui penghasilan                          value through other comprehensive
                      komprehensif      lain    selanjutnya                         income are subsequently presented in
                      disajikan dalam laporan posisi                                the consolidated statement of financial
                      keuangan konsolidasian sebagai                                position as financial assets at fair
                      aset keuangan sebesar nilai wajar,                            value, with changes in fair value
                      dengan perubahan nilai wajar yang                             recognized in the consolidated other
                      diakui      dalam        penghasilan                          comprehensive income.
                      komprehensif lain konsolidasian.

              (iii)   Aset Keuangan yang Diukur pada                          (iii) Financial Assets Measured at Fair
                      Nilai Wajar Melalui Laba Rugi                                 Value Through Profit or Loss (“FVTPL”)
                      (“FVTPL”)




                                                               56
Page 910
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI              2. MATERIAL      ACCOUNTING                   POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                               q.   Financial instruments (continued)

         1.   Aset keuangan (lanjutan)                                    1. Financial assets (continued)

              Pengukuran setelah pengakuan awal                              Subsequent measurement (continued)
              (lanjutan)

                   Aset keuangan yang diukur pada                                Financial assets measured at FVTPL
                   FVTPL adalah aset keuangan yang                               are those which do not meet both
                   tidak memenuhi kriteria untuk diukur                          criteria for neither amortized costs nor
                   pada biaya perolehan diamortisasi                             FVTOCI.
                   atau untuk diukur FVTOCI.

                   Setelah pengakuan awal, aset                                  After initial recognition, financial assets
                   keuangan yang diukur pada FVTPL                               measured on FVTPL are measured at
                   diukur     pada    nilai    wajarnya.                         their fair value. Gains or losses arising
                   Keuntungan atau kerugian yang                                 from changes in the fair value of
                   timbul dari perubahan nilai wajar aset                        financial assets are recognized in profit
                   keuangan diakui dalam laba rugi.                              and loss.

                   Aset keuangan berupa derivatif dan                            Financial assets in the form of
                   investasi pada instrumen ekuitas                              derivatives and investments in equity
                   tidak memenuhi kriteria untuk diukur                          instruments do not meet the criteria to
                   pada biaya perolehan diamortisasi                             be measured at amortized cost of
                   atau kriteria untuk diukur pada                               acquisition or the criteria to be
                   FVTOCI, sehingga diukur pada                                  measured at FVTOCI, so they are
                   FVTPL.                                                        measured at FVTPL.

                   Namun demikian, Kelompok Usaha                                Nonetheless,        the   Group     may
                   dapat menetapkan pilihan yang tidak                           irrevocably designate an investment in
                   dapat dibatalkan saat pengakuan                               an equity instrument which is not held
                   awal atas investasi pada instrumen                            for trading in any time soon as FVTOCI.
                   ekuitas     yang      bukan      untuk                        This designation result in gains and
                   diperjualbelikan dalam waktu dekat                            losses to be presented in other
                   (held for trading) untuk diukur pada                          comprehensive income, except for
                   FVTOCI.          Penetapan          ini                       dividend income on a qualifying
                   menyebabkan semua keuntungan                                  investment which is recognized in profit
                   atau     kerugian      disajikan     di                       or loss. Cumulative gains or losses
                   penghasilan     komprehensif      lain,                       previously      recognized    in   other
                   kecuali pendapatan dividen tetap                              comprehensive income are reclassified
                   diakui di laba rugi. Keuntungan atau                          to retained earnings, not to profit or
                   kerugian kumulatif yang sebelumnya                            loss.
                   diakui       dalam        penghasilan
                   komprehensif lain direklasifikasi ke
                   saldo laba tidak melalui laba rugi.




                                                             57
Page 911
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                              q.   Financial instruments (continued)

         1. Aset keuangan (lanjutan)                                     1. Financial assets (continued)

              Penghentian pengakuan                                         Derecognition

              Aset keuangan (atau mana yang berlaku,                        A financial asset (or where applicable, a part
              bagian dari aset keuangan atau bagian                         of a financial asset or part of a group of
              dari kelompok aset keuangan sejenis)                          similar financial assets) is derecognized
              dihentikan pengakuannya pada saat:                            when: (1) the rights to receive cash flows
              (1) hak untuk menerima arus kas yang                          from the asset have expired; or (2)
              berasal dari aset tersebut telah berakhir;                    the Group has transferred the rights to
              atau (2) Kelompok Usaha telah                                 receive cash flows from the asset or has
              mentransfer hak mereka untuk menerima                         assumed an obligation to pay the received
              arus kas yang berasal dari aset atau                          cash flows in full without material delay to a
              berkewajiban untuk membayar arus kas                          third party under a “pass-through”
              yang diterima secara penuh tanpa                              arrangement, and either (a) the Group has
              penundaan yang material kepada pihak                          transferred substantially all the risks and
              ketiga dalam perjanjian “pass-through”                        rewards of the asset, or (b) the Group has
              dan salah satu diantara (a) Kelompok                          neither      transferred      nor    retained
              Usaha      telah    mentransfer    secara                     substantially all the risks and rewards of the
              substansial seluruh risiko dan manfaat                        asset, but has transferred control of the
              dari aset, atau (b) Kelompok Usaha tidak                      asset.
              mentransfer      atau   mempertahankan
              secara substansial seluruh risiko dan
              manfaat atas aset, namun telah
              mentransfer kendali atas aset tersebut.

             Penurunan nilai                                                Impairment

              Pada setiap tahun pelaporan, Kelompok                         At each reporting date, the Group assess
              Usaha menilai apakah risiko kredit dari                       whether the credit risk on a financial
              instrumen keuangan telah meningkat                            instrument has increased significantly since
              secara signifikan sejak pengakuan awal.                       initial recognition. When making the
              Ketika melakukan penilaian, Kelompok                          assessment, the Group use the change in
              Usaha menggunakan perubahan atas                              the risk of a default occurring over the
              risiko gagal bayar yang terjadi sepanjang                     expected life of the financial instrument
              perkiraan usia instrumen keuangan                             instead of the change in the amount of
              daripada perubahan atas jumlah kerugian                       Expected Credit Losses.
              kredit ekspektasian.

              Dalam melakukan penilaian, Kelompok                           To make that assessment, the Group
              Usaha membandingkan antara risiko                             compare the risk of a default occurring on
              gagal bayar yang terjadi atas instrumen                       the financial instrument as at the reporting
              keuangan pada saat periode pelaporan                          date with the risk of a default occurring on
              dengan risiko gagal bayar yang terjadi atas                   the financial instrument as at the date of
              instrumen keuangan pada saat pengakuan                        initial recognition and consider reasonable
              awal dan mempertimbangkan kewajaran                           and supportable information, that is
              serta ketersediaan informasi, yang                            available without undue cost or effort at the
              tersedia tanpa biaya atau usaha pada saat                     reporting date about past events, current
              tanggal pelaporan terkait dengan kejadian                     conditions and forecasts of future economic
              masa lalu, kondisi terkini dan perkiraan                      conditions, that is indicative of significant
              atas kondisi ekonomi di masa depan, yang                      increases in credit risk since initial
              mengindikasikan kenaikan risiko kredit                        recognition.
              sejak pengakuan awal.




                                                            58
Page 912
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                               q.   Financial instruments (continued)

         1. Aset keuangan (lanjutan)                                      1. Financial assets (continued)

              Penurunan nilai (lanjutan)                                     Impairment (continued)

              Kelompok Usaha menerapkan metode                               The Group applied a simplified approach to
              sederhana untuk mengukur kerugian                              measure such Expected Credit Loss (ECL)
              kredit ekspektasian tersebut terhadap                          for other receivables.
              piutang lain - lain.

         2.   Liabilitas keuangan                                         2. Financial liabilities

              Liabilitas keuangan dalam lingkup                              Financial liabilities within the scope of
              PSAK 71 diklasifikasikan sebagai berikut:                      PSAK 71 are classified as follows:

              1.   Liabilitas keuangan yang diukur                           1. Financial liabilities at amortized cost;
                   dengan biaya diamortisasi; dan                               and
              2.   Liabilitas keuangan yang diukur                           2. Financial liabilities measured at fair
                   dengan nilai wajar melalui laba rugi.                        value through profit or loss (FVTPL).

              Kelompok Usaha menentukan klasifikasi                          The Group determines the classification of
              liabilitas keuangan mereka pada saat                           its financial liabilities at initial recognition.
              pengakuan awal.

              Pengakuan Awal                                                 Initial Recognition

              Pada saat pengakuan awal, liabilitas                           At initial recognition, financial liabilities are
              keuangan diukur pada nilai wajar dan,                          recognized at fair value and, in the case of
              dalam hal liabilitas keuangan yang diukur                      financial liabilities at amortized cost, less
              dengan biaya diamortisasi, dikurangi                           directly attributable transaction costs.
              dengan biaya transaksi yang dapat
              diatribusikan secara langsung.

              Pada tanggal 31 Desember 2023, liabilitas                      As of December 31, 2023, the Group’s
              keuangan Kelompok Usaha mencakup                               financial liabilities include trade payables,
              utang usaha, utang kontraktor, liabilitas                      contractors payable, other short-term
              keuangan jangka pendek lainnya, beban                          financial liabilities, accrued expenses, non-
              akrual, utang lembaga keuangan bukan                           bank financial institutions loan, bank loans,
              bank, utang bank, utang obligasi, liabilitas                   bonds payable, land acquisition liabilities
              pembebasan tanah, liabilitas derivatif dan                     and other long-term liabilities, which are
              liabilitas jangka panjang lainnya yang                         classified as financial liabilities at amortized
              dikategorikan sebagai liabilitas keuangan                      cost. Financial liabilities are classified as
              yang diukur dengan biaya diamortisasi.                         non-current liabilities when the remaining
              Liabilitas     keuangan     diklasifikasikan                   maturity is more than 12 months and as
              sebagai liabilitas jangka panjang jika jatuh                   current liabilities when the remaining
              tempo melebihi 12 bulan dan sebagai                            maturity is less than 12 months.
              liabilitas jangka pendek jika jatuh tempo
              yang tersisa kurang dari 12 bulan.




                                                             59
Page 913
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI              2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                                q.   Financial instruments (continued)

         2.   Liabilitas keuangan (lanjutan)                               2. Financial liabilities (Continued)

              Pengukuran setelah pengakuan awal                               Subsequent measurement

              Setelah    pengakuan    awal,   liabilitas                      After initial recognition, interest - bearing
              keuangan yang diukur dengan biaya                               financial liabilities at amortized cost are
              diamortisasi yang dikenakan bunga                               subsequently measured at amortized cost
              selanjutnya diukur pada biaya perolehan                         using the effective interest rate method.
              diamortisasi    dengan     menggunakan
              metode suku bunga efektif.

              Keuntungan atau kerugian diakui dalam                           Gains or losses are recognized in profit or
              laba rugi pada saat liabilitas tersebut                         loss when the liabilities are derecognized as
              dihentikan pengakuannya serta melalui                           well as through the amortization process.
              proses amortisasi.

              Entitas     mengklasifikasikan     seluruh                      Entities classify all financial liabilities so that
              liabilitas keuangan sehingga setelah                            after initial recognition financial liabilities are
              pengakuan awal liabilitas keuangan diukur                       measured at amortized cost of acquisition.
              pada biaya perolehan diamortisasi.

              Saat pengakuan awal entitas dapat                               Upon initial recognition, an entity may make
              membuat penetapan yang takterbatalkan                           an irrevocable determination to measure
              untuk mengukur liabilitas keuangan pada                         financial liabilities at fair value through profit
              nilai wajar melalui laba rugi.                                  and loss.

              Penghentian pengakuan                                           Derecognition

              Liabilitas       keuangan          dihentikan                   A financial liability is derecognized when it is
              pengakuannya pada saat liabilitas tersebut                      discharged or cancelled or has expired.
              dihentikan atau dibatalkan atau kedaluwarsa.

              Ketika liabilitas keuangan awal digantikan                      When an existing financial liability is
              dengan liabilitas keuangan lain dari                            replaced by another from the same lender on
              pemberi pinjaman yang sama dengan                               substantially different terms, or the terms of
              persyaratan      yang   berbeda    secara                       an existing financial liability are substantially
              substansial, atau modifikasi secara                             modified, such an exchange or modification
              substansial atas persyaratan liabilitas                         is treated as a derecognition of the original
              keuangan yang saat ini ada, maka                                financial liability and the recognition of a new
              pertukaran atau modifikasi tersebut                             financial liability, and the difference in the
              diperlakukan       sebagai    penghentian                       respective carrying amounts is recognized in
              pengakuan liabilitas keuangan awal dan                          profit or loss.
              pengakuan liabilitas keuangan baru,
              dan selisih antara nilai tercatat masing-
              masing liabilitas keuangan diakui dalam
              laba rugi.




                                                              60
Page 914
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                               q.   Financial instruments (continued)

         3.   Saling hapus dari instrumen keuangan                        3.   Offsetting of financial instruments

              Aset keuangan dan liabilitas keuangan                            Financial assets and financial liabilities are
              saling hapus dan nilai netonya dilaporkan                        offset, and the net amount is reported in the
              dalam       laporan    posisi     keuangan                       consolidated statement of financial position
              konsolidasian jika, dan hanya jika, memiliki                     if, and only if, there is a currently
              hak yang berkekuatan hukum untuk                                 enforceable      legal  right    to      offset
              melakukan saling hapus atas jumlah yang                          the recognized amounts and there is an
              telah diakui dan terdapat maksud untuk                           intention to settle on a net basis, or to
              menyelesaikan secara neto, atau untuk                            realize the assets and settle the liabilities
              merealisasikan aset dan menyelesaikan                            simultaneously.
              liabilitasnya secara bersamaan.

         4.   Nilai wajar instrumen keuangan                              4.   Fair value of financial instruments

              Nilai wajar instrumen keuangan yang                              The fair value of financial instruments that
              diperdagangkan secara aktif di pasar                             are actively traded in organized financial
              keuangan yang terorganisasi ditentukan                           markets is determined by reference to
              dengan mengacu pada kuotasi harga                                quoted market bid or ask prices at the close
              penawaran atau harga yang diminta pada                           of business at the end of the reporting year.
              penutupan bisnis pada akhir tahun                                For financial instruments where there is no
              pelaporan. Untuk instrumen keuangan                              active market, fair value is determined
              yang tidak memiliki pasar aktif, nilai wajar                     using valuation techniques.
              ditentukan dengan menggunakan teknik
              penilaian.

              Teknik penilaian tersebut mencakup                               Such valuation techniques include the use
              penggunaan transaksi-transaksi pasar                             of arm's length market transactions,
              yang wajar antara pihak-pihak yang                               references to the current fair value of
              mengerti dan berkeinginan (arm’s length                          substantially the same instruments,
              market transactions), referensi atas nilai                       discounted cash flow analysis, or other
              wajar terkini dari instrumen lain yang                           valuation models.
              secara substansial sama, analisa arus kas
              yang didiskontokan, atau model penilaian
              lainnya.

         5.   Reklasifikasi                                               5.   Reclassification

              Kelompok Usaha mereklasifikasi aset                              The Group reclassifies a financial asset if
              keuangan ketika      Kelompok     Usaha                          and only if the Group’s business model
              mengubah tujuan model bisnis untuk                               objective for its financial assets changes so
              pengelolaan aset keuangan sehingga                               its previous model assessment would no
              penilaian sebelumnya menjadi tidak dapat                         longer apply.
              diterapkan.

              Jika Kelompok Usaha mereklasifikasi aset                         If the Group reclassifies a financial asset, it
              keuangan,    maka     diperlukan    untuk                        is required to apply the reclassification
              menerapkan reklasifikasi secara prospektif                       prospectively from the reclassification date.
              sejak tanggal reklasifikasi. Keuntungan,                         Previously recognized gains, losses
              kerugian (termasuk keuntungan atau                               (including impairment gains or losses) or
              kerugian penurunan nilai) atau bunga yang                        interest which recognized before are not
              sebelumnya diakui tidak disajikan kembali.                       restated.




                                                             61
Page 915
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI              2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                                INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                                q.   Financial instruments (continued)

         5.   Reklasifikasi (lanjutan)                                     5.   Reclassification (continued)

              Ketika Kelompok Usaha mereklasifikasi                             When the Group reclassifies its financial
              aset keuangan dari biaya perolehan                                asset out of the amortized cost into FVTPL,
              diamortisasi menjadi FVTPL, maka nilai                            then its fair value is measured at
              wajarnya diukur pada tanggal reklasifikasi.                       reclassification date. Any gains or losses
              Keuntungan atau kerugian yang timbul dari                         resulted from the difference between
              perbedaan antara biaya perolehan                                  previous amortized cost and its fair value is
              diamortisasi    sebelumnya     dan      nilai                     recognized in profit or loss. Otherwise, if
              wajarnya diakui dalam laporan laba rugi.                          the Group reclassifies its financial asset
              Sebaliknya,     jika   Kelompok      Usaha                        from FVTPL into amortized cost, then its
              mereklasifikasi aset keuangannya dari                             fair value at the date of reclassification
              FVTPL       menjadi    biaya     perolehan                        becomes new gross carrying amount.
              diamortisasi, maka nilai wajarnya pada
              tanggal reklasifikasi menjadi nilai tercatat
              bruto baru.

              Ketika Kelompok Usaha mereklasifikasi                             When the Group reclassifies its financial
              aset keuangan dari biaya perolehan                                asset out of the amortized cost into
              diamortisasi menjadi FVTOCI, nilai                                FVTOCI, its fair value is measured at the
              wajarnya diukur pada tanggal reklasifikasi.                       reclassification date. Any gains or losses
              Keuntungan atau kerugian yang timbul dari                         resulted from the difference between
              selisih antara biaya perolehan diamortisasi                       previous amortized cost and fair value is
              sebelumnya dan nilai wajar diakui pada                            recognized in other comprehensive
              penghasilan komprehensif lain. Tingkat                            income. Effective interest rate and
              suku bunga efektif dan pengukuran                                 expected credit loss measurement are not
              kerugian kredit yang diharapkan tidak                             adjusted as a result of the reclassification.
              disesuaikan sebagai hasil dari reklasifikasi.

              Sebaliknya, ketika Kelompok Usaha                                 Otherwise, when the Group reclassifies its
              mereklasifikasi aset keuangannya dari                             financial asset out of the FVTOCI into
              FVTOCI       menjadi    biaya   perolehan                         amortized cost, the financial asset is
              diamortisasi, aset keuangan tersebut                              reclassified by its fair value at the
              direklasifikasi ke nilai wajarnya pada                            reclassification date. However, any
              tanggal reklasifikasi. Namun, keuntungan                          cumulative gains or losses previously
              atau kerugian kumulatif yang sebelumnya                           recognized in other comprehensive income
              diakui dalam penghasilan komprehensif                             are omitted from equity and adjusted to the
              lain dihilangkan dari ekuitas dan                                 financial asset’s fair value at the date of
              disesuaikan dengan nilai wajar aset                               reclassification. Consequently, at the
              keuangan pada tanggal reklasifikasi.                              reclassification date, the financial asset is
              Akibatnya, pada tanggal reklasifikasi, aset                       measured the same way as if it were
              keuangan diukur dengan cara yang sama                             amortized cost.
              seperti biaya perolehan diamortisasi.

              Penyesuaian          ini   memengaruhi                            This     adjustment         affects   other
              penghasilan komprehensif lain tetapi tidak                        comprehensive income but not profit or
              memengaruhi laba rugi, dan karenanya                              loss, andhence it is not a reclassification
              bukan          merupakan    penyesuaian                           adjustment. Effective interest rate and
              reklasifikasi. Suku bunga efektif dan                             expected credit loss are no longer adjusted
              pengukuran kerugian kredit ekspektasian                           as a result of the reclassification.
              tidak disesuaikan sebagai akibat dari
              reklasifikasi.




                                                              62
Page 916
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    q.   Instrumen keuangan (lanjutan)                               q.   Financial instruments (continued)

         5.    Reklasifikasi (lanjutan)                                   5.   Reclassification (continued)

               Pada        saat       Kelompok     Usaha                       When the Group reclassifies its financial
               mereklasifikasi aset keuangan keluar dari                       asset out of the FVTPL into FVTOCI, the
               kategori pengukuran FVTPL menjadi                               financial asset is measured at its fair value.
               kategori pengukuran FVTOCI, aset                                Similarly, when the Group reclassifies its
               keuangan tetap diukur pada nilai wajarnya.                      financial asset out of the FVTOCI into
               Sama halnya, ketika Kelompok Usaha                              FVTPL the financial asset is measured at
               mereklasifikasi aset keuangan keluar dari                       its fair value. Any gains or losses previously
               kategori     FVTOCI      menjadi  kategori                      recognized in other comprehensive income
               pengukuran FVTPL, aset keuangan tetap                           are reclassified out of the equity to profit or
               diukur pada nilai wajarnya. Keuntungan                          loss as a reclassification adjustment at the
               atau kerugian kumulatif yang sebelumnya                         date of reclassification.
               diakui di penghasilan komprehensif lain
               direklasifikasi dari ekuitas ke laba rugi
               sebagai penyesuaian reklasifikasi pada
               tanggal reklasifikasi.

    r.   Instrumen keuangan derivatif dan aktivitas                  r.   Derivative   financial       instruments        and
         lindung nilai                                                    hedging activities

         Derivatif pada awalnya diakui sebesar nilai                      Derivatives are initially recognized at fair value
         wajar pada tanggal kontrak derivatif dilakukan                   on the date the derivative contract is entered into
         dan selanjutnya diukur kembali sebesar nilai                     and subsequently remeasured at fair value. The
         wajarnya. Metode pengakuan keuntungan atau                       method of recognizing the resulting gain or loss
         kerugian yang timbul tergantung pada apakah                      depends on whether the derivative is designated
         derivatif tersebut ditetapkan sebagai instrumen                  as a hedging instrument, and if so, the nature of
         lindung nilai, dan jika demikian, sifat pos yang                 the item being hedged. The Group defines
         dilindung nilai. Kelompok Usaha menetapkan                       certain derivatives as:
         derivatif tertentu sebagai:

          i.    Lindung nilai atas nilai wajar aset atau                   i. Hedging the fair value of recognized assets
                liabilitas yang diakui atau terhadap                          or liabilities or of unrecognized firm
                komitmen pasti yang belum diakui                              commitments (fair value hedges); or
                (lindung nilai atas nilai wajar); atau
         ii.    Lindung nilai atas risiko tertentu yang                   ii. Hedging of certain risks associated with a
                terkait dengan aset atau liabilitas yang                      recognized asset or liability or of a
                diakui atau terhadap transaksi yang                           transaction that is expected to be probable
                diperkirakan kemungkinan besar akan                           (cash flow hedge).
                terjadi (lindung nilai arus kas).

         Pada awal terjadinya transaksi, Kelompok                         In the beginning of transaction, the Group
         Usaha mendokumentasikan hubungan antara                          documents the relationship between the
         instrumen lindung nilai dan pos yang dilindung                   hedging instrument and the item being hedged,
         nilai, serta tujuan manajemen risiko dan strategi                as well as its risk management objectives and
         pelaksanaan berbagai transaksi lindung nilai.                    strategy for executing various hedging
         Kelompok Usaha juga mendokumentasikan                            transactions. The Group also documents its
         penilaiannya, pada awal lindung nilai dan pada                   assessment, at the inception of the hedge and
         setiap akhir tahun, apakah derivatif yang                        at the end of each year, whether the derivative
         digunakan dalam transaksi lindung nilai                          used in the hedging transaction is highly
         memiliki efektivitas yang tinggi dalam saling                    effective in offsetting changes in fair value or
         hapus perubahan nilai wajar atau arus kas pos                    cash flows of the hedged item.
         yang dilindung nilai.




                                                             63
Page 917
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    r.   Instrumen keuangan derivatif dan aktivitas                  r.   Derivative   financial    instruments           and
         lindung nilai (lanjutan)                                         hedging activities (continued)

         Nilai wajar penuh derivatif lindung nilai                        The full fair value of hedging derivatives is
         diklasifikasikan sebagai aset tidak lancar atau                  classified as non-current assets or long-term
         liabilitas jangka panjang ketika sisa jatuh tempo                liabilities when the remaining maturity of the
         pos yang dilindung nilai lebih dari 12 bulan, dan                hedged item is more than 12 months, and as
         sebagai aset lancar atau liabilitas jangka                       current assets or short-term liabilities when the
         pendek ketika sisa jatuh tempo pos yang                          remaining maturity of the hedged item is less
         dilindung nilai kurang dari 12 bulan. Derivatif                  than 12 months. Derivatives traded are
         yang diperdagangkan diklasifikasikan sebagai                     classified as current assets or current liabilities.
         aset lancar atau liabilitas jangka pendek.

         Bagian efektif dari perubahan nilai wajar                        The effective portion of changes in the fair value
         derivatif yang ditetapkan dan memenuhi kriteria                  of derivatives that are designated and meet the
         sebagai lindung nilai arus kas diakui pada                       criteria as cash flow hedges are recognized in
         penghasilan          komprehensif       lainnya.                 other comprehensive income. Gains or losses
         Keuntungan atau kerugian dari bagian yang                        from the ineffective portion are recognized
         tidak efektif diakui segera di dalam laba rugi                   immediately in profit or loss as “other income/
         sebagai “penghasilan/ beban lain-lain”.                          expenses”.

         Jumlah yang terakumulasi pada ekuitas                            Amounts accumulated in equity are reclassified
         direklasifikasikan ke dalam laba rugi di dalam                   to profit or loss in the period when the hedged
         periode ketika pos yang dilindung nilai                          item affects profit or loss (for example, when an
         memengaruhi laba rugi (misalnya, ketika                          expected sale of the hedged item occurs). Gains
         perkiraan penjualan yang menjadi pos yang                        or losses relating to the effective portion of
         dilindung nilai terjadi). Keuntungan atau                        interest rate swaps as hedging instruments on
         kerugian yang berhubungan dengan bagian                          variable interest rate loans are recognized in
         efektif swap tingkat bunga sebagai instrumen                     profit or loss as “finance costs”.
         lindung nilai pinjaman bersuku bunga variabel
         diakui dalam laba rugi sebagai “biaya
         keuangan”.

         Ketika instrumen lindung nilai kedaluwarsa atau                  When the hedging instrument expires or is sold,
         dijual, atau ketika lindung nilai tidak lagi                     or when the hedge no longer meets the criteria
         memenuhi kriteria akuntansi lindung nilai,                       for hedge accounting, the cumulative gain or
         keuntungan atau kerugian kumulatif yang ada                      loss held in equity will remain in equity and is
         di dalam ekuitas akan tetap berada di dalam                      recognized when the expected transaction is
         ekuitas dan diakui ketika transaksi yang                         eventually recognized in profit or loss. When a
         diperkirakan akhirnya diakui pada laba rugi.                     forecasted transaction is no longer expected to
         Ketika transaksi yang diperkirakan tidak lagi                    occur, the cumulative gain or loss reported in
         diharapkan akan terjadi, keuntungan atau                         equity is immediately transferred to profit or loss
         kerugian kumulatif yang dilaporkan di ekuitas                    as “other income/ expenses”.
         segera dipindahkan ke laba rugi sebagai
         “penghasilan/ beban lain-lain”.

         Perubahan nilai wajar dari derivatif yang tidak                  Changes in the fair value of derivatives that are
         ditetapkan, atau tidak memenuhi kriteria untuk,                  not designated, or do not meet the criteria for,
         akuntansi lindung nilai diakui secara langsung                   hedge accounting are recognized directly in
         dalam laba rugi.                                                 profit or loss.




                                                             64
Page 918
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                     POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

    s.   Laba per saham                                              s.   Earnings per share

         Laba per saham dihitung dengan membagi laba                      Earnings per share amount is computed by
         tahun berjalan yang dapat diatribusikan                          dividing the profit for the year attributable to the
         kepada pemilik entitas induk dengan jumlah                       owners of the parent entity by the weighted
         rata-rata tertimbang jumlah saham yang                           average number of outstanding issued and fully
         beredar dan disetor penuh selama tahun yang                      paid shares during the year.
         bersangkutan.

         Perusahaan tidak mempunyai efek saham                            The Company has no outstanding dilutive
         biasa yang berpotensi bersifat dilutif pada                      potential ordinary shares as of December 31,
         tanggal 31 Desember 2023 dan 2022.                               2023 and 2022.

    t.   Pengakuan pendapatan dan beban                              t.   Revenue and expense recognition

         Kelompok Usaha menerapkan PSAK 72, yang                           The Group applies PSAK 72, which requires
         mensyaratkan pengakuan pendapatan harus                           revenue recognition to fulfill 5 steps of
         memenuhi 5 langkah analisa sebagai berikut:                       assessment as follows:
         1. Identifikasi kontrak dengan pelanggan;                        1. Identify contracts with a customer;
         2. Identifikasi kewajiban pelaksanaan dalam                      2. Identify the performance obligations in the
             kontrak.        Kewajiban       pelaksanaan                       contract. Performance obligations are
             merupakan janji-janji dalam kontrak untuk                         promises in a contract to transfer to a
             menyerahkan barang atau jasa yang                                 customer goods or services that are distinct;
             memiliki     karakteristik    berbeda     ke
             pelanggan;
         3. Penetapan harga transaksi. Harga                              3.   Determine      the     transaction      price.
             transaksi merupakan jumlah imbalan yang                           Transaction price is the amount of
             berhak diperoleh suatu entitas sebagai                            consideration to which an entity expects to
             kompensasi atas diserahkannya barang                              be entitled in exchange for transferring
             atau jasa yang dijanjikan ke pelanggan;                           promised goods or services to a customer;
         4. Alokasi harga transaksi ke setiap                             4.   Allocate the transaction price to each
             kewajiban         pelaksanaan        dengan                       performance obligation on the basis of the
             menggunakan dasar harga jual berdiri                              relative stand-alone selling prices of each
             sendiri relatif dari setiap barang atau jasa                      distinct goods or services promised in the
             berbeda yang dijanjikan di kontrak; dan                           contract; and
         5. Pengakuan pendapatan ketika kewajiban                         5.   Recognise revenue when performance
             pelaksanaan telah dipenuhi dengan                                 obligation is satisfied by transferring a
             menyerahkan barang atau jasa yang                                 promised goods or services to a customer
             dijanjikan ke pelanggan (ketika pelanggan                         (which is when the customer obtains control
             telah memiliki kendali atas barang atau                           of that goods or services) at certain time or
             jasa tersebut) pada suatu waktu tertentu                          all the time.
             atau sepanjang waktu.

         Harga transaksi merupakan angka yang                              The transaction price is based on the amount
         ditagihkan  kepada     pelanggan   setelah                        billed to customer excluding Value-Added
         mengeluarkan Pajak Pertambahan Nilai.                             Taxes.

         Kriteria spesifik berikut ini juga harus dipenuhi                The following specific recognition criteria must
         sebelum pendapatan diakui.                                       also be met before revenue is recognized.




                                                             65
Page 919
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

2. INFORMASI       KEBIJAKAN               AKUNTANSI             2. MATERIAL      ACCOUNTING                    POLICIES
   MATERIAL (lanjutan)                                              INFORMATION (continued)

    t.   Pengakuan        pendapatan      dan     beban             t.   Revenue     and       expense        recognition
         (lanjutan)                                                      (continued)

         Pendapatan tol                                                  Toll revenues

         Pendapatan dari hasil pengoperasian jalan tol                   The Group’s revenues from toll road operations
         Kelompok Usaha diakui pada suatu waktu                          are recognized at certain time upon the sale of
         tertentu saat penjualan karcis tol. Imbalan kas                 toll tickets. Cash consideration received in
         yang diterima sehubungan dengan pengalihan                      connection with the transfer of the rights on
         hak atas pendapatan tol masa datang dicatat                     future toll revenue are recorded as deferred
         sebagai pendapatan tangguhan dan diakui                         revenue and recognized as revenue over time
         sebagai pendapatan pada suatu periode waktu                     based on actual traffic volume over the term of
         berdasarkan aktual jumlah traffic selama masa                   transfer of the rights on future toll revenues.
         jangka waktu pengalihan hak atas pendapatan
         tol tersebut.

         Pendapatan sewa                                                 Rental income

         Pendapatan dari sewa iklan, lahan, dan tempat                   Revenue from advertisement, space, and rest
         peristirahatan diklasifikasikan sebagai sewa                    area rental are classified as operating lease and
         operasi dan diakui pada suatu periode waktu                     recognized over time on a straight-line basis
         dengan menggunakan metode garis lurus                           over the lease term. Rent revenue received in
         selama masa sewa. Sewa diterima di muka                         advance are presented as "Unearned revenue".
         disajikan sebagai “Pendapatan diterima di
         muka”.

         Pendapatan jasa pengoperasian                                   Toll road operating service

         Pendapatan jasa pengoperasian diakui pada                       Revenue toll road operating service is
         suatu periode waktu dengan menggunakan                          recognized over time on a straight-line basis
         metode garis lurus selama masa jasa.                            over the service term. Service revenue received
         Pendapatan jasa diterima di muka disajikan                      in advance are presented as "Unearned
         sebagai “Pendapatan diterima di muka”.                          revenue".

         Pendapatan penjualan properti                                   Revenue from sale of property

         JMRB (entitas anak) mengakui pendapatan                         JMRB (a subsidiary) recognizes revenues from
         dari penjualan real estat pada suatu titik waktu                real estate sales at a point in time upon the
         setelah penyelesaian akta jual beli.                            completion of the sale and purchase
                                                                         agreement.

         Pendapatan konstruksi dan beban konstruksi                      Construction revenue and construction cost

         Kelompok Usaha mengakui pendapatan                              The Group recognizes construction revenues
         konstruksi pada suatu periode waktu                             over time by using the output method based on
         menggunakan metode output berdasarkan                           the monthly report over the completed
         laporan bulanan atas kemajuan penyelesaian                      construction progress from the external party
         pembangunan aset yang diterima dari pihak                       that was appointed for the assets’ construction.
         eksternal   yang    telah  ditunjuk  untuk
         membangun aset tersebut.

         Beban                                                           Expenses

         Beban diakui pada saat terjadinya atau sesuai                   Expenses are recognized when incurred or
         dengan masa manfaatnya.                                         according to the useful life.



                                                            66
Page 920
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

2. INFORMASI       KEBIJAKAN             AKUNTANSI              2. MATERIAL      ACCOUNTING                      POLICIES
   MATERIAL (lanjutan)                                             INFORMATION (continued)

    t.   Pengakuan         pendapatan   dan    beban                t.   Revenue     and        expense        recognition
         (lanjutan)                                                      (continued)

         Beban pokok penjualan tanah                                     Cost of land sold

         Beban pokok penjualan tanah ditentukan                          Cost of land sold is determined based on
         berdasarkan nilai perolehan tanah ditambah                      acquisition cost of the land plus other estimated
         pengeluaran-pengeluaran      lain     untuk                     expenditures for its improvement and
         pengembangan tanah. Beban pokok penjualan                       development. The cost of residential house sold
         rumah tinggal meliputi seluruh beban                            covers all construction expenses to complete
         pembangunan untuk menyelesaikan pekerjaan.                      the work.

    u.   Transaksi dan saldo dalam mata uang asing                  u.   Foreign currency transactions and balances

         Transaksi dalam mata uang asing dicatat                         Transactions involving foreign currencies are
         dalam mata uang rupiah berdasarkan kurs                         translated to rupiah at the rates of exchange
         yang berlaku pada saat transaksi dilakukan.                     prevailing at the time the transactions are made.

         Pada tanggal laporan posisi keuangan                            At consolidated statement of financial position
         konsolidasian, aset dan liabilitas moneter                      date,     monetary    assets    and     liabilities
         dalam mata uang asing dijabarkan sesuai                         denominated in foreign currencies are adjusted
         dengan rata-rata kurs jual dan beli yang                        to reflect the average of the selling and buying
         diterbitkan oleh Bank Indonesia pada tanggal                    rates of exchange prevailing at the last banking
         transaksi perbankan terakhir untuk tahun yang                   transaction day of the year, as published by
         bersangkutan. Laba atau rugi kurs yang timbul                   Bank Indonesia. The resulting gains or losses
         dikreditkan atau dibebankan pada operasi                        are credited or charged to operations of the
         tahun berjalan.                                                 current year.

         Kurs yang digunakan adalah sebagai berikut:                     The exchange rates used are as follows:
                                                    2023                    2022

         1 Dolar Amerika Serikat                           15.026                   15.731             1 United States Dollar

    v.   Segmen operasi                                             v.   Operating segment

         Segmen adalah komponen dari Kelompok                            A segment is a distinguishable component of
         Usaha yang dapat dibedakan yang terlibat                        the Group that is engaged in providing certain
         dalam penyediaan produk-produk tertentu                         products (business segment), or in providing
         (segmen usaha), atau dalam menyediakan                          products within a particular economic
         produk dalam lingkungan ekonomi tertentu                        environment (geographical segment), which is
         (segmen geografis), yang memiliki risiko dan                    subject to risks and rewards that are different
         manfaat yang berbeda dari segmen lainnya.                       from those of other segments.

         Jumlah setiap unsur segmen yang dilaporkan                      The amount of each segment item reported is
         merupakan ukuran yang dilaporkan kepada                         the measure reported to the chief operating
         pengambil keputusan operasional untuk tujuan                    decision-maker for the purposes of making
         pengambilan keputusan untuk mengalokasikan                      decisions about allocating resources to the
         sumber daya kepada segmen dan menilai                           segment and assessing its performance.
         kinerjanya.

         Pendapatan, beban, hasil usaha, aset dan                        Segment revenue, expenses, results, assets
         liabilitas segmen termasuk item-item yang                       and liabilities include items directly attributable
         dapat diatribusikan secara langsung kepada                      to a segment as well as those that can be
         suatu segmen serta hal-hal yang dapat                           allocated on a reasonable basis to that
         dialokasikan dengan dasar yang memadai                          segment. They are determined before
         untuk segmen tersebut. Segmen ditentukan                        intragroup       balances     and      intra-group
         sebelum saldo dan transaksi antar Kelompok                      transactions are eliminated.
         Usaha dieliminasi sebagai bagian dari proses
         konsolidasi.

                                                           67
Page 921
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

2. INFORMASI       KEBIJAKAN                AKUNTANSI             2. MATERIAL      ACCOUNTING                       POLICIES
   MATERIAL (lanjutan)                                               INFORMATION (continued)

     w. Provisi                                                        w. Provisions

          Provisi diakui jika Kelompok Usaha memiliki                       A provision is recognized when the Group has a
          kewajiban kini (baik bersifat hukum maupun                        present obligation (legal or constructive) as a
          bersifat konstruktif) sebagai akibat peristiwa                    result of a past event, where it is probable that
          masa lalu dimana ada kemungkinan besar                            an outflow of resources embodying economic
          bahwa untuk penyelesaian kewajiban tersebut                       benefits will be required to settle the obligation
          diperlukan arus keluar sumber daya yang                           and a reliable estimate of the amount of the
          mengandung manfaat ekonomi dan jumlah                             obligation can be made.
          kewajiban tersebut dapat diestimasi secara
          andal.

          Provisi ditelaah pada setiap tanggal pelaporan                    All provisions are reviewed at each reporting
          dan disesuaikan untuk mencerminkan estimasi                       date and adjusted to reflect the current best
          terbaik saat ini. Jika arus keluar sumber daya                    estimate. If it is no longer probable that an
          untuk menyelesaikan kewajiban kemungkinan                         outflow of resources embodying economic
          besar tidak terjadi, maka provisi tersebut                        benefits will be required to settle the obligations,
          dibatalkan.                                                       the provisions are reversed.

     x. Kontinjensi                                                    x.   Contingencies

          Liabilitas kontinjensi diungkapkan, kecuali jika                  Contingent liabilities are disclosed, unless the
          arus keluar sumber daya yang mengandung                           possibility of an outflow of resources embodying
          manfaat ekonomi kemungkinannya kecil. Aset                        economic benefits is remote.           Contingent
          kontinjensi tidak diakui dalam laporan                            assets are not recognized in the consolidated
          keuangan konsolidasian, tetapi diungkapkan                        financial statements but are disclosed when an
          jika terdapat kemungkinan besar (probable)                        inflow of economic benefits is probable.
          arus masuk manfaat ekonomi.


3.   PENGGUNAAN PERTIMBANGAN,                  ESTIMASI           3.   MANAGEMENT’S    USE   OF  JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN                                         ESTIMATES AND ASSUMPTIONS

     Penyusunan laporan keuangan konsolidasian                         The preparation of the Group’s consolidated financial
     Kelompok Usaha mensyaratkan manajemen untuk                       statements requires management to make
     membuat pertimbangan, estimasi dan asumsi yang                    judgments, estimates and assumptions that affect
     memengaruhi jumlah yang dilaporkan atas                           the reported amounts of revenues, expenses, assets
     pendapatan, beban, aset dan liabilitas, serta                     and liabilities, and the disclosure to the consolidated
     pengungkapan laporan keuangan konsolidasian.                      financial statements. However, uncertainty about
     Namun, ketidakpastian atas asumsi dan estimasi ini                these assumptions and estimates could result in
     dapat menyebabkan hasil yang memerlukan                           outcomes that may require a material adjustment to
     penyesuaian material atas nilai tercatat aset dan                 the carrying amounts of the assets or liabilities in
     liabilitas pada masa mendatang.                                   future periods.

     a.   Pertimbangan                                                 a.   Judgments

          Dalam proses penerapan kebijakan akuntansi                        In the process of applying the Group’s
          Kelompok Usaha, manajemen telah membuat                           accounting policies, management has made the
          pertimbangan-pertimbangan berikut ini, yang                       following judgments, apart from those including
          terpisah dari estimasi dan asumsi, yang                           estimations and assumptions, which have the
          memiliki pengaruh paling signifikan terhadap                      most significant effect on the amounts
          jumlah yang dicatat dalam laporan keuangan                        recognized in the consolidated financial
          konsolidasian:                                                    statements:




                                                             68
Page 922
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                          3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                            ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                    a.   Judgments (continued)

          • Pengelompokan aset         keuangan     dan                   •   Classification of financial      assets    and
            liabilitas keuangan                                                financial liabilities

             Kelompok        Usaha       menetapkan                           The Group determines the classifications of
             pengelompokan aset dan liabilitas tertentu                       certain assets and liabilities as financial
             sebagai aset keuangan dan liabilitas                             assets and financial liabilities by judging if
             keuangan dengan pertimbangan bila                                they meet the definition financial liabilities
             definisi yang ditetapkan dalam liabilitas                        based on PSAK 71. Accordingly, the
             keuangan sesuai dengan yang ditetapkan                           financial assets and financial liabilities are
             dalam PSAK 71. Dengan demikian, aset                             accounted for in accordance with
             keuangan dan liabilitas keuangan diakui                          accounting policies disclosed in Note 2q.
             sesuai dengan kebijakan akuntansi seperti
             yang diungkapkan pada Catatan 2q.

          • Perjanjian konsesi jasa                                       •   Service concession arrangement

             ISAK 16 menjelaskan pendekatan untuk                             ISAK 16 outlines an approach to account
             membukukan perjanjian konsesi jasa akibat                        for service concession arrangement arising
             dari penyediaan jasa kepada publik.                              from entities providing public services. It
             ISAK 16 mengatur bahwa operator (pihak                           provides that the operator (concession right
             penerima konsesi jasa) tidak membukukan                          beneficiary) should not account for the
             infrastruktur sebagai aset tetap, namun                          infrastructure as fixed assets, but should
             diakui sebagai aset keuangan dan/atau aset                       recognize a financial asset and/or an
             takberwujud.                                                     intangible asset.

             Kelompok Usaha mengadakan Perjanjian                             The Group entered into Perjanjian
             Pengusahaan Jalan Tol (PPJT) dengan                              Pengusahaan Jalan Tol (PPJT) with BPJT
             BPJT memberikan hak, kewajiban dan                               granted the Group the rights, obligations
             keistimewaan kepada Kelompok Usaha                               and privileges including the authority to
             termasuk kewenangan dalam pendanaan,                             finance, design, construction, operate, and
             desain,    konstruksi,     operasi,   dan                        maintain the toll roads (Note 2.l).
             pemeliharaan jalan tol (Catatan 2.l).

             Pada akhir masa konsesi jasa, Kelompok                           Upon expiry of the service concession
             Usaha harus menyerahkan jalan tol kepada                         period, the Group shall handover the toll
             BPJT tanpa biaya, dalam keadaan                                  roads to the BPJT without cost, fully
             beroperasional dan kondisi yang baik,                            operational and in good working condition,
             termasuk setiap dan semua tanah yang                             including any and all existing land, works,
             diperlukan, pekerjaan, fasilitas jalan, dan                      toll road facilities, and equipment found
             peralatan tol yang secara langsung                               therein directly related to, and in
             berkaitan dan berhubungan dengan                                 connection with, the operation of the toll
             pengoperasian fasilitas jalan tol.                               road facilities.

             Kelompok Usaha berpendapat bahwa PPJT                            The Group has made judgment that the
             memenuhi kriteria sebagai model aset                             PPJT met the criteria under the intangible
             takberwujud, dimana aset konsesi diakui                          asset model, wherein the concession asset
             sebagai aset takberwujud sesuai dengan                           is recognized as an intangible asset in
             PSAK 19, “Aset Takberwujud”.                                     accordance with PSAK 19, “Intangible
                                                                              Assets”.




                                                           69
Page 923
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                            3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                      a.   Judgments (continued)

          • Perjanjian konsesi jasa (lanjutan)                              •   Service     concession           arrangement
                                                                                (continued)

            Kelompok Usaha diharuskan oleh ISAK 16                              The Group is required by ISAK 16 to present
            untuk menyajikan unsur pendapatan yang                              an income line reflecting the income from
            merefleksikan     pendapatan      dari   jasa                       construction or improvements to concession
            konstruksi atas aset konsesi atau peningkatan                       assets made during the year in the
            kemampuan aset konsesi yang dilakukan                               consolidated statement of profit or loss and
            selama tahun berjalan pada laporan laba rugi                        other comprehensive income. For the year
            dan     penghasilan     komprehensif      lain                      ended December 31, 2023 and 2022, the
            konsolidasian. Untuk tahun yang berakhir                            Group recognized construction revenue
            pada tanggal 31 Desember 2023 dan 2022,                             amounting to Rp5,752,623 and Rp2,800,291,
            Kelompok Usaha mengakui pendapatan dari                             respectively (Note 37).
            jasa konstruksi atas aset konsesi masing-
            masing      sebesar     Rp5.752.623       dan
            Rp2.800.291 (Catatan 37).

            Kelompok Usaha mengakui pendapatan                                  The Group recognizes construction
            konstruksi aset konsesi dan biaya                                   revenue of concession asset and
            konstruksi atas aset konsesi sesuai dengan                          construction costs of concession asset in
            PSAK 72.        Kelompok Usaha mengukur                             accordance with PSAK 72. The Group
            pendapatan konstruksi atas aset konsesi                             measures construction revenue at the fair
            pada nilai wajar atas imbalan yang diterima                         value of the consideration received or to be
            atau akan diterima dan menambahkan                                  received and will add the margin, based on
            margin, berdasarkan estimasi terbaik                                management estimation calculated in
            manajemen yang dihitung dengan model                                certain model, in determining the initial toll
            tertentu,    pada saat penentuan tarif awal                         road tariff before the toll road is operated.
            jalan tol sebelum jalan tol dioperasikan.

          • Pengklasifikasian properti                                      •   Classification of property

            Kelompok Usaha menentukan apakah                                    The Group determines whether an
            sebuah        properti  yang      diperoleh                         acquired property is classified as
            diklasifikasikan sebagai properti investasi                         investment property or property inventory:
            atau persediaan properti:

            - Properti investasi terdiri dari tanah dan                         -   Investment property consists of land
              bangunan (terutama kantor dan properti                                and buildings (principally offices and
              ritel) yang tidak bertujuan untuk                                     retail property) which are not occupied
              digunakan oleh atau dalam kegiatan                                    substantially for use by, or in the
              operasi Kelompok Usaha, tidak juga                                    operations of the Group, nor for sale in
              untuk dijual dalam kegiatan bisnis, tetapi                            the ordinary course of business, but are
              digunakan         untuk       memperoleh                              held primarily to earn rental income and
              pendapatan sewa dan peningkatan nilai.                                capital appreciation.
            - Persediaan properti terdiri dari properti                         -   Property inventory consists of property
              yang bertujuan untuk dijual dalam                                     that is held for sale in the ordinary
              kegiatan bisnis. Secara khusus, berkaitan                             course of business. In particular, it
              dengan       properti     hunian     yang                             pertains to the residential property that
              dikembangkan oleh Kelompok Usaha dan                                  the Group develops and intends to sell
              digunakan untuk dijual sebelum atau                                   on or before the completion of
              pada saat penyelesaian konstruksi.                                    construction.




                                                             70
Page 924
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                             3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                               ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan (lanjutan)                                       a.   Judgments (continued)

          • Pengendalian atas entitas anak                                   •   Control over subsidiaries

            Direksi Perusahaan menilai apakah                                    The directors of the Company’s assessed
            Kelompok Usaha memiliki pengendalian                                 whether or not the Group has control over a
            atas     Entitas    Anak     berdasarkan                             subsidiary based on whether the Group has
            kemampuan Kelompok Usaha untuk                                       the practical ability to direct the relevant
            mengarahkan kegiatan yang relevan dari                               activities of the subsidiaries unilaterally.
            Entitas Anak secara sepihak.

            Dalam membuat pertimbangannya, direksi                               In making their judgment, the directors
            mempertimbangkan        ukuran       absolut                         considered the Group’s absolute size of
            kepemilikan Kelompok Usaha pada Entitas                              holding in the subsidiary and the relative
            Anak dan ukuran relatif dan penyebaran                               size of and dispersion of the shareholdings
            kepemilikan saham yang dimiliki oleh                                 owned by the other shareholders. After
            pemegang      saham     lainnya.    Setelah                          assessment, the Directors concluded that
            penilaian, Direksi menyimpulkan bahwa                                the Group has a sufficiently dominant voting
            Kelompok Usaha memiliki hak suara yang                               interest to direct the relevant activities of the
            cukup dominan untuk mengarahkan                                      subsidiary and therefore the Group has
            kegiatan yang relevan dari Entitas Anak dan                          control over the subsidiaries.
            karenanya Kelompok Usaha memiliki
            pengendalian atas Entitas Anak.

     b.   Estimasi dan asumsi                                           b.   Estimates and assumptions

          Asumsi utama masa depan dan sumber utama                           The key assumptions concerning the future and
          ketidakpastian estimasi lain pada tanggal                          other key sources of estimation of uncertainty at
          pelaporan yang memiliki risiko signifikan bagi                     the end of the reporting period that have a
          penyesuaian yang material terhadap nilai                           significant risk of causing a material adjustment
          tercatat aset dan liabilitas untuk tahun                           to the carrying amounts of assets and liabilities
          berikutnya diungkapkan dalam paragraf                              within the next financial year are disclosed in the
          berikut. Kelompok Usaha mendasarkan                                following paragraphs. The Group based its
          asumsi dan estimasi pada parameter yang                            assumptions and estimates on parameters
          tersedia pada saat laporan keuangan                                available when the         consolidated financial
          konsolidasian disusun. Asumsi dan situasi                          statements        were     prepared.      Existing
          mengenai perkembangan masa depan                                   circumstances and assumptions about future
          mungkin berubah akibat perubahan pasar atau                        developments may change due to market
          situasi diluar kendali Kelompok Usaha.                             changes or circumstances arising beyond
          Perubahan tersebut dicerminkan dalam                               the control of the Group. Such changes will be
          asumsi terkait pada saat terjadinya.                               reflected in the assumptions when they occur.

          • Nilai wajar instrumen keuangan                                   •   Fair value of financial instruments

            Kelompok Usaha mencatat aset dan                                     The Group recorded certain assets and
            liabilitas keuangan tertentu pada nilai wajar,                       financial liabilities at fair value, which
            yang mengharuskan penggunaan estimasi                                requires the use of accounting estimates.
            akuntansi. Sementara komponen signifikan                             While significant components of fair value
            atas pengukuran nilai wajar ditentukan                               measurement were determined using
            menggunakan bukti objektif yang dapat                                verifiable objective evidence, the amount of
            diverifikasi, nilai perubahan nilai wajar dapat                      change in value reasonably may be
            berbeda         bila     Kelompok        Usaha                       different when the Group uses different
            menggunakan metodologi penilaian yang                                valuation methodologies. Changes in fair
            berbeda. Perubahan nilai wajar aset dan                              value of financial assets and liabilities can
            liabilitas    keuangan      tersebut      dapat                      indirectly affect profit or loss of the Group.
            memengaruhi secara langsung laba atau
            rugi Kelompok Usaha.


                                                              71
Page 925
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                            3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     b. Estimasi dan asumsi (lanjutan)                                 b.   Estimates and assumptions (continued)

          •   Penyusutan    aset   tetap    dan   properti                  •   Depreciation of fixed          assets     and
              investasi                                                         investment properties

              Biaya perolehan aset tetap dan properti                           The costs of fixed assets and investment
              investasi        disusutkan         dengan                        properties are depreciated using the
              menggunakan        metode     garis   lurus                       straight-line method over their estimated
              berdasarkan taksiran masa manfaat                                 economic useful lives. Management
              ekonomisnya. Manajemen mengestimasi                               estimates the useful lives of fixed assets
              masa manfaat ekonomis aset tetap dan                              and investment properties to be between 3
              properti investasi antara 3 sampai dengan                         to 30 years. This is the range of common
              30 tahun. Ini adalah umur yang secara                             life expectancies applied in the industry in
              umum diharapkan dalam industri dimana                             which the Group conducts its business.
              Kelompok Usaha menjalankan bisnisnya.                             Changes in the level of usage and
              Perubahan tingkat        pemakaian dan                            technological developments could impact
              perkembangan          teknologi      dapat                        the economic useful lives and residual
              memengaruhi masa manfaat ekonomis                                 values of assets and, therefore, future
              dan nilai sisa aset, dan karenanya biaya                          depreciation charges may be revised.
              penyusutan masa depan mungkin direvisi.                           Further details are disclosed in Notes 11
              Penjelasan lebih rinci diungkapkan dalam                          and 12.
              Catatan 11 dan 12.

         •    Amortisasi hak pengusahaan jalan tol                          •   Amortization of toll road concession right

              Kelompok Usaha melakukan amortisasi                               The Group decided to amortize toll road
              hak pengusahaan jalan tol - jalan dan                             concession rights - road and bridge using
              jembatan selama masa konsesi dengan                               the toll road consumption pattern method
              menggunakan metode pola konsumsi jalan                            derived from traffic over the concession
              tol yang diakibatkan oleh lalu lintas selama                      period.
              masa konsesi.

              Nilai tercatat neto atas hak pengusahaan                          The net carrying value of toll road concession
              jalan tol Kelompok Usaha pada tanggal                             rights of the Group as of December 31, 2023
              31 Desember 2023 dan 2022 adalah masing-                          and 2022 amounting to Rp111,246,294 and
              masing sebesar Rp111.246.294 dan                                  Rp66,979,662, respectively.
              Rp66.979.662.

          •   Estimasi volume lalu lintas                                   •   Estimation of traffic volume

              Volume     lalu    lintas    diproyeksikan                        Traffic volume is projected based on the
              berdasarkan jumlah kendaraan dan                                  number of vehicles and adjusted for
              disesuaikan     dengan       perbandingan                         comparison to actual traffic volume.
              terhadap volume lalu lintas aktual. Namun                         However, over time, actual traffic volume
              seiring berjalannya waktu, volume lalu                            may differ from these estimates, depending
              lintas aktual dapat berbeda dengan                                on changes in external factors that may
              estimasi tersebut, bergantung pada                                affect toll rates and traffic volume.
              perubahan faktor eksternal yang dapat
              memengaruhi tarif tol dan volume lalu
              lintas.




                                                             72
Page 926
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                             3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                               ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan asumsi (lanjutan)                                b.   Estimates and assumptions (continued)

          • Estimasi volume lalu lintas (lanjutan)                           • Estimation of traffic volume (continued)

              Manajemen melakukan penilaian secara                               The     Management       perform     periodic
              periodik terhadap total proyeksi volume lalu                       assessment on the total projected traffic
              lintas. Kelompok Usaha akan menunjuk                               volume. The Group will appoint an
              suatu konsultan lalu lintas profesional                            independent professional traffic consultant
              independen untuk melakukan studi lalu                              to perform independent professional traffic
              lintas profesional independen dan membuat                          studies and make an appropriate
              penyesuaian yang tepat apabila terdapat                            adjustment if there is a material difference
              perbedaan yang material antara proyeksi                            between projected and actual traffic volume.
              volume lalu lintas dan volume lalu lintas
              aktual.

          •   Provisi pelapisan jalan tol                                    •   Provision for overlay

              Provisi pelapisan ini akan dicadangkan                             Provision for overlay will be recorded
              secara berkala berdasarkan estimasi                                periodically based on the estimated
              seiring dengan penggunaan jalan tol oleh                           utilization of toll road by customers. This
              pelanggan. Provisi diukur dengan nilai kini                        provision is measured using the present
              atas    estimasi   manajemen      terhadap                         value of management‘s estimate of the
              pengeluaran yang diperlukan untuk                                  expenditures required to settle present
              menyelesaikan liabilitas kini pada tanggal                         obligation at the reporting date.
              pelaporan.

          •   Aset konsesi dalam pengerjaan                                  •   Concession asset in progress

              Umur konsesi atas hak konsesi jalan tol                            The concession period of toll road
              mulai berlaku efektif sejak diterbitkan Surat                      concession rights effective from Surat
              Perintah Mulai Kerja (SPMK) oleh BPJT,                             Perintah Mulai Kerja (SPMK) published by
              sehingga biaya-biaya yang dikeluarkan                              BPJT, so that the costs incurred before the
              sebelum kegiatan konstruksi dimulai atau                           construction activities started or     pre-
              biaya pra konstruksi jalan tol, termasuk                           construction costs of toll roads, including
              biaya pembebasan lahan atau tanah                                  the cost of land or soil acquisition were
              ditangguhkan sehingga belum dihitung                               suspended and therefore, the construction
              margin konstruksinya.                                              margin has not been determined.

          •   Imbalan pascakerja                                             •   Post-employment benefits

              Penentuan kewajiban Kelompok Usaha                                 Determination of the Group’s obligations for
              untuk menyediakan imbalan pascakerja                               providing post-employment benefits is
              bergantung pada pemilihan asumsi yang                              dependent on its selection of certain
              digunakan oleh aktuaris independen dalam                           assumptions used by the independent
              menghitung nilai-nilai tersebut.                                   actuaries in calculating such amounts.

              Asumsi tersebut termasuk antara lain,                              Those assumptions include, among others,
              tingkat diskonto, tingkat kenaikan gaji                            discount rate, future annual salary
              tahunan, tingkat pengunduran diri karyawan                         increase, annual employee turnover rate,
              tahunan, tingkat kecacatan, umur pensiun                           disability rate, retirement age and mortality
              dan tingkat kematian.                                              rate.




                                                              73
Page 927
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                            3.   MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan asumsi (lanjutan)                               b.   Estimates and assumptions (continued)

          •   Imbalan kerja (lanjutan)                                      •   Employee benefits (continued)

              Hasil aktual yang berbeda dari asumsi                             Actual results that differ from the assumptions
              yang ditetapkan oleh Kelompok Usaha                               set forth by the Group are recognized
              langsung diakui dalam laba atau rugi pada                         immediately in profit or loss as incurred. While
              saat terjadinya. Sementara Kelompok                               the Group believes that its assumptions are
              Usaha berkeyakinan bahwa asumsi                                   reasonable and appropriate, significant
              tersebut adalah wajar dan sesuai,                                 differences in actual results or significant
              perbedaan signifikan pada hasil aktual                            changes in assumptions used can materially
              atau perubahan signifikan atas asumsi                             affect the estimated liability for employee
              yang ditetapkan Kelompok Usaha dapat                              benefits and employee benefits expense. The
              memengaruhi secara material atas                                  amount of the estimated long term employee
              estimasi liabilitas imbalan kerja dan beban                       benefits liability as of December 31, 2023 and
              imbalan kerja neto. Nilai tercatat atas                           2022 amounted to Rp1,316,108 and
              estimasi liabilitas imbalan kerja jangka                          Rp1,256,108, respectively.
              panjang pada tanggal 31 Desember 2023
              dan    2022       masing-masing     sebesar
              Rp1.316.108 dan Rp1.256.108.

          • Pajak penghasilan                                               •   Income tax

              Pertimbangan signifikan dilakukan dalam                           Significant considerations are made in
              menentukan       liabilitas  atas     pajak                       determining corporate income tax liability.
              penghasilan badan. Terdapat transaksi dan                         There are certain transactions and
              perhitungan tertentu yang penentuan pajak                         computations for which the ultimate tax
              akhirnya adalah tidak pasti sepanjang                             determination is uncertain during the normal
              kegiatan usaha normal. Kelompok Usaha                             course of business. The Group recognizes
              mengakui liabilitas atas pajak penghasilan                        the income tax liability based on estimates of
              badan berdasarkan estimasi apakah akan                            whether there will be an additional income tax.
              terdapat tambahan pajak penghasilan                               Details of the nature and amount of recorded
              badan. Rincian atas sifat dan nilai tercatat                      income tax are disclosed in Note 18.
              pajak penghasilan diungkapkan pada
              Catatan 18.

              Peraturan Menteri Keuangan No. 72 Tahun                           Minister of Finance Regulation No. 72 of 2023
              2023 (PMK-72) tentang Penyusutan Harta                            (PMK-72) concerning Depreciation of
              Berwujud dan/atau Amortisasi Harta Tak                            Tangible Assets and/or Amortization of
              Berwujud telah berlaku pada 13 Juli 2023.                         Intangible Assets has effectively applied on
              PMK-72 menetapkan bahwa Perusahaan                                13 July 2023. PMK-72 stipulates that the
              dapat              memilih          untuk                         Company can choose to depreciate/amortize
              menyusutkan/mengamortisasi         sesuai                         according to the actual useful life based on
              dengan masa manfaat yang sebenarnya                               the Company's bookkeeping for permanent
              berdasarkan pembukuan Perusahaan untuk                            buildings and intangible assets that have a
              bangunan        permanen    dan     harta                         useful life of more than 20 years.
              tarkberwujud yang memiliki masa manfaat
              lebih dari 20 tahun.

          • Aset pajak tangguhan                                            •   Deferred tax assets

              Aset pajak tangguhan diakui atas seluruh                          Deferred tax assets are recognized for all
              perbedaan      temporer     yang    dapat                         deductible temporary differences, to
              dikurangkan,        sepanjang       besar                         the extent that taxable income will be
              kemungkinannya bahwa penghasilan kena                             available so that all of part of the deferred
              pajak akan tersedia sehingga semua bagian                         tax assets can be utilized.
              dari   aset    pajak    tangguhan   dapat
              dimanfaatkan.


                                                             74
Page 928
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                             3.       MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                                   ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan asumsi (lanjutan)                                    b.   Estimates and assumptions (continued)

          • Aset pajak tangguhan (lanjutan)                                      •   Deferred tax assets (continued)

             Aset pajak tangguhan diakui atas seluruh                                Deferred tax assets are recognized for all
             perbedaan      temporer     yang    dapat                               deductible temporary differences, to
             dikurangkan,        sepanjang       besar                               the extent that taxable income will be
             kemungkinannya bahwa penghasilan kena                                   available so that all of part of the deferred
             pajak akan tersedia sehingga semua bagian                               tax assets can be utilized.
             dari   aset    pajak    tangguhan   dapat
             dimanfaatkan.

             Estimasi signifikan oleh manajemen                                      Significant estimates by management are
             disyaratkan dalam menentukan jumlah aset                                required in determining the total deferred
             pajak tangguhan yang dapat diakui,                                      tax assets that can be recognized, based
             berdasarkan saat penggunaan dan tingkat                                 upon the likely timing and the level of future
             penghasilan kena pajak masa yang akan                                   taxable income together with future tax
             datang serta strategi perencanaan pajak                                 planning strategies.
             masa depan.

          • Sewa                                                        •        •   Leases

             Kelompok Usaha mempunyai beberapa                                       The Group has various lease agreements
             perjanjian sewa dimana Kelompok Usaha                                   where the Group acts as a lessee in respect
             bertindak sebagai penyewa untuk beberapa                                of certain assets.
             aset tertentu.

             Penentuan        apakah    suatu    perjanjian                          Determining whether an arrangement is or
             mengandung unsur sewa membutuhkan                                       contains a lease requires careful judgement
             pertimbangan yang cermat untuk menilai                                  to assess whether the arrangement
             apakah perjanjian tersebut memberikan hak                               conveys a right to obtain substantially all
             untuk mendapatkan secara subtansial                                     the economic benefits from use of the asset
             seluruh manfaat ekonomi dari penggunaan                                 throughout the period of use and right to
             aset     identifikasian   dan    hak     untuk                          direct the use of the asset, even if the right
             mengarahkan           penggunaan         asset                          is not explicitly specified in the
             identifikasian, bahkan jika hak tersebut tidak                          arrangement.
             dijabarkan secara eksplisit di perjanjian.

            Selain itu, dalam pengukuran awal liabilitas                             In addition, the initial measurement of lease
            sewa juga mengharuskan penggunaan suku                                   liabilities also requires the use of interest
            bunga. Karena Kelompok Usaha tidak dapat                                 rates. Since the Group could not readily
            dengan mudah menentukan suku bunga                                       determine the implicit rate, management
            implisit, manajemen menggunakan suku                                     use the Group's incremental borrowing rate
            bunga pinjaman inkremental Kelompok                                      as a discount rate.
            Usaha sebagai tingkat diskonto.

            Ada     beberapa     faktor  yang   perlu                                There are a number factors to consider in
            dipertimbangkan dalam menentukan suku                                    determining an incremental borrowing rate,
            bunga pinjaman inkremental yang banyak                                   many of which need judgement in order to
            diantaranya memerlukan pertimbangan                                      be able to reliably quantify any necessary
            untuk dapat secara andal mengukur                                        adjustments to arrive at the final discount
            penyesuaian yang diperlukan untuk sampai                                 rates.
            pada tingkat diskonto akhir.




                                                              75
Page 929
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

3.   PENGGUNAAN PERTIMBANGAN, ESTIMASI                        3.       MANAGEMENT’S    USE   OF   JUDGMENTS,
     DAN ASUMSI OLEH MANAJEMEN (lanjutan)                              ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan asumsi (lanjutan)                               b.   Estimates and assumptions (continued)

          • Sewa (lanjutan)                                        •        •   Leases (continued)

            Dalam menentukan jangka waktu sewa,                                 In determining the lease term, the Group
            Kelompok Usaha juga mempertimbangkan                                also considers all facts and circumstances
            semua    fakta   dan     keadaan     yang                           that create an economic incentive to
            menimbulkan insentif ekonomi untuk                                  exercise an extension option. Extension
            menggunakan opsi perpanjangan. Opsi                                 options are only included in the lease term
            perpanjangan hanya termasuk dalam                                   if the lease is reasonably certain to be
            jangka waktu sewa jika cukup pasti akan di                          extended. Extension options are only
            perpanjang.                                                         included in the lease term if the lease is
                                                                                reasonably certain to be extended.




                                                         76
Page 930
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

4.   KAS DAN SETARA KAS                                        4.   CASH AND CASH EQUIVALENTS

     Akun ini terdiri dari:                                         This account consists of:

                                              2023                    2022
     Kas                                                                                                                   Cash
      Kas Proyek                                      10.076                   9.681                           Cash for Project
      Kas Kecil                                        3.153                   5.838                               Petty Cash
     Total Kas                                        13.229                  15.519                                 Total Cash

     Bank                                                                                                       Cash in Banks
     Rupiah                                                                                                             Rupiah
     Pihak Berelasi (Catatan 44)                     896.871             3.828.404                    Related Parties (Note 44)
     Pihak Ketiga:                                                                                                Third Parties:
       PT Bank Central Asia Tbk                      127.192                 166.244               PT Bank Central Asia Tbk
       PT Bank Permata Tbk                            19.203                   9.978                   PT Bank Permata Tbk
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Jawa Barat dan Banten Tbk                    11.914                 153.361            Jawa Barat dan Banten Tbk
       PT Bank Danamon Indonesia Tbk - Unit                                                PT Bank Danamon Indonesia Tbk -
         Usaha Syariah                                 6.933                   5.785                  Sharia Business Unit
       PT Bank Pan Indonesia Tbk                       6.626                      -               PT Bank Pan Indonesia Tbk
       PT Bank Danamon Indonesia Tbk                   4.444                   2.529        PT Bank Danamon Indonesia Tbk
       PT Bank Permata Tbk - Unit Usaha                                                        PT Bank Permata Tbk - Sharia
         Syariah                                       2.439                  11.172                         Business Unit
       PT Bank Maybank Indonesia Tbk                   1.790                   8.715         PT Bank Maybank Indonesia Tbk
       PT Bank DKI                                     1.350                 302.873                             PT Bank DKI
       PT Bank CIMB Niaga Tbk                          1.201                   5.441               PT Bank CIMB Niaga Tbk
       PT Bank Shinhan Indonesia                         929                   2.446              PT Bank Shinhan Indonesia
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Sumatera Utara                                 544                    7.428                       Sumatera Utara
       PT Bank Jabar Banten Syariah                     459                      451          PT Bank Jabar Banten Syariah
       PT Bank Muamalat Indonesia Tbk                   312                      423        PT Bank Muamalat Indonesia Tbk
       PT Bank KB Bukopin Tbk                            21                       28                PT Bank KB Bukopin Tbk
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Banten Tbk                                     1                        1                             Banten Tbk
     Subtotal                                   1.082.229                4.505.279                                     Subtotal
     Dolar Amerika Serikat                                                                                 United States Dollar
     Pihak Berelasi (Catatan 44)                      384                       85                     Related Party (Note 44)
     Subtotal                                         384                       85                                     Subtotal
     Total Bank                                 1.082.613                4.505.364                         Total Cash in Banks
     Total Kas dan Bank                         1.095.842                4.520.883          Total Cash on Hand and in Banks

     Deposito Berjangka                                                                                         Time Deposits
     Rupiah                                                                                                              Rupiah
     Pihak Berelasi (Catatan 44)                2.824.795                3.218.564                     Related Parties (Note 44)
     Pihak Ketiga:                                                                                                Third Parties:
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Jawa Barat dan Banten Tbk                    86.000                  40.000            Jawa Barat dan Banten Tbk
       PT Bank Jabar Banten Syariah                   75.000                 140.000           PT Bank Jabar Banten Syariah
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Sumatera Utara                               67.300                  21.300                        Sumatera Utara
       PT Bank Capital Indonesia Tbk                  65.056                  35.067          PT Bank Capital Indonesia Tbk
       PT Bank Sinarmas Tbk                           52.000                      -                    PT Bank Sinarmas Tbk
       PT Bank Muamalat Indonesia Tbk                 50.000                  60.000        PT Bank Muamalat Indonesia Tbk
       PT Bank Mayapada Internasional Tbk             50.000                      -      PT Bank Mayapada Internasional Tbk
       PT Bank Danamon Indonesia Tbk                  30.000                      -         PT Bank Danamon Indonesia Tbk
       PT Bank Tabungan Negara (Persero)                                                 PT Bank Tabungan Negara (Persero)
         Tbk - Unit Usaha Syariah                  26.000                       -                Tbk - Sharia Business Unit
       PT Bank Maybank Indonesia Tbk                   -                   100.000           PT Bank Maybank Indonesia Tbk
       PT Bank Mega Tbk                                -                   276.000                         PT Bank Mega Tbk
                                                3.326.151                3.890.931
     Dolar Amerika Serikat                                                                                   United States Dollar
     Pihak Berelasi (Catatan 44)                   16.958                   17.304                        Related Party (Note 44)
     Total Deposito Berjangka                   3.343.109                3.908.235                          Total Time Deposits
     Total Kas dan Setara Kas                   4.438.951                8.429.118              Total Cash and Cash Equivalents



                                                         77
Page 931
PT JASA MARGA (PERSERO) Tbk                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                            unless otherwise stated)

4.   KAS DAN SETARA KAS (lanjutan)                                        4.      CASH AND CASH EQUIVALENTS (continued)

     Kisaran suku bunga tahunan deposito berjangka                                 Ranges of annual interest rates on time deposits
     adalah sebagai berikut:                                                       are as follows:

                                                         2023                         2022
      Rupiah                                        2,25% - 7,85%                2,50% - 5,25%                                              Rupiah
      Dolar Amerika Serikat                              2,00%                        1,60%                                     United States dollar
      Jatuh Tempo                                 Kurang dari 3 bulan/         Kurang dari 3 bulan/                                 Maturity Period
                                                  Less than 3 months           Less than 3 months



5.   INVESTASI JANGKA PENDEK                                              5.      SHORT-TERM INVESTMENTS

     Akun ini terdiri dari:                                                       This account consist of:

                                                        2023                         2022
      Efek yang Diukur pada Nilai Wajar melalui                                                       Marketable Securities Measured at Fair Value
        Penghasilan Komprehensif Lain                                                                              Other Comprehensive Income
          KIK DINFRA Toll Road Mandiri-001                 1.109.651                     1.028.619         KIK DINFRA Toll Road Mandiri-001
          Reksa Dana Mandiri Investasi                                                                                    Mutual Fund Mandiri
            Dana Obligasi Seri II                                4.530                       4.530               Investment - Bond II Series
          Reksa Dana Penyertaan Terbatas MIET                        -                   1.068.007                          MIET Mutual Fund
        Kenaikan Nilai Aset Neto                               246.614                     292.851                  Increase in Net Assets Value
      Total                                                1.360.795                     2.394.007                                          Total


     Mutasi nilai aset bersih adalah sebagai berikut:                             Movement in net assets value are as follows:

                                                        2023                         2022

      Saldo Awal                                               292.851                      176.541                             Beginning Balance
      Kenaikan (Penurunan) Nilai Aset Neto                     (46.237)                     116.310        Increase (Decrease) in Net Assets Value
      Saldo Akhir                                              246.614                      292.851                               Ending Balance


     Pada Juli 2023, terdapat pengalihan hak                                      On July 2023, there is transfer of ownership rights to
     kepemilikan atas seluruh saham milik Reksa Dana                              all shares belonging to the Reksa Dana Penyertaan
     Penyertaan Terbatas Mandiri Infrastruktur Ekuitas                            Terbatas Mandiri Infrastruktur Ekuitas Transjawa
     Transjawa (MIET) pada PT Lintas Marga Jawa                                   (MIET) to PT Lintas Marga Jawa (Note 1.g).
     (Catatan 1.g).




                                                                   78
Page 932
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

6. PIUTANG LAIN-LAIN                                                  6.   OTHER RECEIVABLES
    Akun ini merupakan piutang dari pelanggan terkait                      This account represents receivable from customers
    dengan penerimaan pendapatan tol, pendapatan                           related to toll income, other business income,
    usaha lain, pinjaman pemegang saham, dividen,                          shareholder loans, dividends, employee loans and
    pinjaman karyawan dan bunga deposito.                                  deposit interest.

    Rincian piutang lain-lain adalah sebagai berikut:                      The details of other receivables are as follows:

                                                     2023                   2022 *)
    Piutang Lain-lain - Lancar                                                                                  Other Receivables - Current
      Pihak Berelasi (Catatan 44)                           344.226               527.578                        Related Parties (Note 44)
      Pihak Ketiga                                                                                                           Third Parties
         Kementerian Pekerjaan Umum dan                                                             Kementerian Pekerjaan Umum dan
           Perumahan Rakyat                               547.363                 463.767                         Perumahan Rakyat
         PT Marga Maju Mapan                              160.500                  33.035                        PT Marga Maju Mapan
         Tenan Tempat Istirahat dan Pelayanan             106.710                  66.213            Tenant for Rest and Services Area
         PT Bank Central Asia Tbk                          19.735                  20.529                     PT Bank Central Asia Tbk
         PT Metropolitan City Center                       17.168                  17.641                   PT Metropolitan City Center
         PT Bintaro Serpong Damai                          17.127                   4.760                    PT Bintaro Serpong Damai
         PT Maligi Permata Industrial Estate               15.227                  15.227           PT Maligi Permata Industrial Estate
         PT Nancy Wijaya                                    9.500                   9.500                              PT Nancy Wijaya
         PT Sinabung                                        7.629                  12.129                                  PT Sinabung
         PT Bank DKI                                        6.829                  25.642                                 PT Bank DKI
         PT Dirgantara Yudha Artha                          4.852                       -                    PT Dirgantara Yudha Artha
         KSO Waskita - Acset                                4.766                   6.730                          KSO Waskita - Acset
         PT Lanais                                          4.664                   3.914                                     PT Lanais
         PT Jakarta Lingkar Barat Satu                      4.596                   4.572                 PT Jakarta Lingkar Barat Satu
         Pegawai                                            4.228                   7.647                                   Employees
         PT Samudra Adidaya Sentosa                         3.695                   3.695                 PT Samudra Adidaya Sentosa
         PT Marga Bhakti Sari Sejahtera                     3.485                   3.485               PT Marga Bhakti Sari Sejahtera
         PT Trans Bumi Serbaraja                            3.046                   3.876                     PT Trans Bumi Serbaraja
         PT Citra Marga Nusaphala Persada Tbk               2.628                       6       PT Citra Marga Nusaphala Persada Tbk
         PT Toll Square Jakarta                             2.351                   2.351                        PT Toll Square Jakarta
         PT Ranggi Sugiron Perkasa                          2.243                       -                   PT Ranggi Sudiron Perkasa
         PT Alya Sinar Pratama                              2.044                   2.044                        PT Alya Sinar Pratama
         KSO PT Jaya Konstruksi - Adhi                      2.039                   2.693                KSO PT Jaya Konstruksi - Adhi
         PT Gemilang Prima Sukses                               -                  37.400                   PT Gemilang Prima Sukses
         PT Lintas Marga Sedaya                                 -                  14.975                      PT Lintas Marga Sedaya
         KSO JMTM - PT Citra Persada Infrastruktur              -                   4.220     KSO JMTM - PT Citra Persada Infrastruktur
         PT Bumi Serpong Damai Tbk                              -                   3.277                  PT Bumi Serpong Damai Tbk
         Kereta Cepat Indonesia China                           -                   2.728                 Kereta Cepat Indonesia China
         PT Gienda Putra                                        -                   2.728                              PT Gienda Putra
         CV Akur Mandiri Sukses                                 -                   2.365                      CV Akur Mandiri Sukses
         Lain-lain (di bawah Rp2.000)                      85.945                  51.828                       Others (below Rp2,000)
      Subtotal                                          1.038.370                 828.977                                         Subtotal
         Dikurangi:                                                                                                                Less:
           Cadangan Kerugian Penurunan Piutang           (116.249)               (131.563)          Allowance for Impairment Losses
      Subtotal                                            922.121                 697.414                                         Subtotal
    Total                                               1.266.347               1.224.992                                              Total


                                                     2023                   2022 *)
    Piutang Lain-lain - Tidak Lancar                                                                        Other Receivables - Non Current
      Pihak Berelasi (Catatan 44)                           275.000               115.000                       Related Parties (Note 44)
    Total                                                   275.000               115.000--                                           Total

      *)Direklasifikasi, lihat catatan 50                                                                         *)Reclassified, see note 50




                                                               79
Page 933
PT JASA MARGA (PERSERO) Tbk                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                      unless otherwise stated)

6. PIUTANG LAIN-LAIN (lanjutan)                                      6.        OTHER RECEIVABLES (continued)

     Kelompok Usaha menerapkan simplifikasi kerugian                           The Group applies simplified lifetime expected credit
     ekspektasian sepanjang umurnya untuk seluruh                              loss for all other receivables. To measure the
     piutang lain-lain. Untuk mengukur kerugian kredit                         expected credit losses, other receivables have been
     ekspektasian, piutang lain-lain telah dikelompokkan                       grouped based on similar credit risk characteristics
     berdasarkan karakteristik risiko kredit dan waktu                         and the days past due.
     jatuh tempo yang serupa.

     Mutasi penyisihan kerugian penurunan nilai adalah                         The movement of the allowance for impairment
     sebagai berikut:                                                          losses account are as follows:

                                                   2023                         2022
     Saldo awal tahun                                     131.563                       95.105                Beginning balance of the year
     Penambahan (Catatan 41)                               10.606                       31.735                           Addition (Note 41)
     Pemulihan (Catatan 40)                               (25.920)                       4.723                          Recovery (Note 40)
     Saldo akhir tahun                                    116.249                      131.563                 Ending balance of the year


     Berdasarkan hasil penelaahan terhadap keadaan                             Based on a review of the condition of other
     akun piutang lain-lain pada akhir tahun, manajemen                        receivables at the end of year, management
     berkeyakinan bahwa penyisihan tersebut cukup                              believes that the allowance for impairment losses
     untuk menutup kerugian yang mungkin terjadi atas                          on other receivables is sufficient to cover possible
     ketidaktertagihan piutang lain-lain pada tanggal                          losses that may arise from uncollected other
     31 Desember 2023 dan 2022.                                                receivables as of December 31, 2023 and 2022.


7.   PERSEDIAAN                                                           7.    INVENTORIES

     Akun ini merupakan persediaan yang dimiliki                                 This account represents inventories owned by
     oleh JMRB dan JMTM, entitas anak, meliputi                                  JMRB and JMTM, subsidiaries, which consists of
     persediaan properti dan persediaan manufaktur                               property inventory and manufacturing inventory
     dengan rincian sebagai berikut:                                             with details as follows:

                                                  2023                           2022
     Persediaan Properti                                                                                            Property Inventory
       Tanah siap guna                                     90.672                         72.921                  Land ready for use
       Rumah tersedia untuk dijual                         17.313                         14.711              House available for sale
       Subtotal                                           107.985                         87.632                             Subtotal
     Persediaan Lain-lain                                                                                              Other Inventory
       Persediaan BBM SPBU                                  6.549                          5.028                       Fuel Supplies
       Persediaan Retail                                      239                              -                      Retail Supplies
       Subtotal                                             6.788                          5.028                             Subtotal
     Persediaan Manufaktur                                                                                    Manufacturing Inventory
       Material Manufaktur                                  4.717                          5.967              Manufacturing Materials
     Total                                                119.490                         98.627                                   Total


     Tanah siap guna adalah unit kavling berupa tanah                            Land ready for use is a plot unit in the form of land
     yang diperuntukkan untuk dijual atau dibangun                               earmarked for sale or for housing construction
     perumahan yang terletak di Perumahan Spring                                 located in Spring Residence Sidoarjo Housing and
     Residence Sidoarjo dan Perumahan Royal                                      Royal Pandaan Housing.
     Pandaan.

     Rumah tersedia untuk dijual adalah unit rumah yang                          House available for sale are housing units that
     telah dibangun dan sampai dengan akhir periode                              have been built and until the year end period the
     buku belum serah terima kunci yang terletak di                              keys have not been handed over located in Green
     Perumahan Green Residence Sidoarjo, Perumahan                               Residence Sidoarjo Housing, Spring Residence
     Spring Residence Sidoarjo, dan Perumahan Royal                              Sidoarjo Housing, and Royal Pandaan Housing.
     Pandaan.




                                                              80
Page 934
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

7.   PERSEDIAAN (lanjutan)                                          7.   INVENTORIES (continued)

     Berdasarkan hasil penelaahan atas kondisi fisik dan                 Based on the review of the physical condition and
     nilai realisasi neto persediaan, manajemen                          net realizable value of inventories, management
     berpendapat bahwa nilai neto persediaan tersebut                    consider that above net inventories can be fully
     diatas dapat direalisasikan sepenuhnya, sehingga                    realized, so there is no provision for inventory
     tidak diperlukan penyisihan penurunan nilai                         impairment required on December 31, 2023 and
     persediaan pada tanggal 31 Desember 2023 dan                        2022.
     2022.


8.   BIAYA DIBAYAR DIMUKA DAN UANG MUKA                             8.   PREPAID EXPENSES AND ADVANCES

     Akun ini terdiri dari:                                              This account consists of:

                                                  2023                    2022
     Uang muka pekerjaan                                   39.764                 49.097                          Work advances
     Biaya dibayar dimuka                                  38.730                 10.886                       Prepaid expenses
     Uang muka operasional                                 17.416                  8.293                    Operational advances
     Total                                                 95.910                 68.276                                     Total



9. DANA DIBATASI PENGGUNAANNYA                                      9.   RESTRICTED FUNDS

     Akun ini terdiri dari:                                              This account consists of:

                                                   2023                   2022
     Lancar                                                                                                                 Current
     Bank                                                                                                                      Bank
     Rekening Pembebasan Tanah                                                                             Land Aquisition Account
       Pihak Berelasi (Catatan 44)                          4.309                 3.302                 Related Parties (Note 44)
       Pihak Ketiga:                                                                                                Third Parties:
         PT Bank Permata Tbk                                    -                 1.366                  PT Bank Permata Tbk
       Subtotal                                             4.309                 4.668                                  Subtotal
     Jaminan Sindikasi Bank                                                                            Syndicated Bank Guarantee
       Pihak Berelasi (Catatan 44)                        278.842                30.166                 Related Parties (Note 44)
       Pihak Ketiga:                                                                                                Third Parties:
         PT Bank Central Asia Tbk                          21.395                 7.899             PT Bank Central Asia Tbk
         PT Bank DKI                                            3                    73                           PT Bank DKI
       Subtotal                                           300.240                38.138                                  Subtotal
     Jaminan Pelaksanaan                                                                                         Performance Bond
       Pihak Ketiga:                                                                                                  Third Party:
         PT Bank Pembangunan Daerah                                                            PT Bank Pembangunan Daerah
           Jawa Barat dan Banten Tbk                            -                  423           Jawa Barat dan Banten Tbk
       Subtotal                                                 -                  423                                   Subtotal
     Rekening Amanat Pendapatan Tol                                                                Toll Collection Escrow Account
       Pihak Berelasi (Catatan 44)                        201.185                 6.966                 Related Parties (Note 44)
       Pihak Ketiga:                                                                                                Third Parties:
         PT Bank Central Asia Tbk                          43.519                10.875             PT Bank Central Asia Tbk
       Subtotal                                           244.704                17.841                                  Subtotal
     Subtotal Bank                                        549.253                61.070                              Subtotal Bank
     Deposito                                                                                                           Deposits
     Jaminan Pembebasan Tanah                                                                             Land Aquisition Account
       Pihak Berelasi (Catatan 44)                              -                 9.973               Related Parties (Note 44)
       Pihak Ketiga:                                                                                             Third Parties:
         PT Bank Panin Dubai Syariah                        1.728                     -          PT Bank Panin Dubai Syariah
     Jaminan Pelaksanaan                                                                                       Performance Bond
       Pihak Berelasi (Catatan 44)                          7.345                     -               Related Parties (Note 44)
     Subtotal Deposito                                      9.073                 9.973                         Deposits Subtotal
     Total Lancar                                         558.326                71.043                            Total Current




                                                              81
Page 935
PT JASA MARGA (PERSERO) Tbk                                                                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                 unless otherwise stated)

9. DANA DIBATASI PENGGUNAANNYA (lanjutan)                                                                       9.        RESTRICTED FUNDS (continued)

                                                                                  2023                                    2022
    Tidak Lancar                                                                                                                                                                       Non-Current
    Bank                                                                                                                                                                                       Bank
      Jaminan Sindikasi Bank                                                                                                                                          Syndicated Bank Guarantee
        Pihak Berelasi (Catatan 44)                                                      136.862                                  42.352                              Related Parties (Note 44)
        Pihak Ketiga :                                                                                                                                                           Third Parties:
          PT Bank Central Asia Tbk                                                         82.076                                 27.688                           PT Bank Central Asia Tbk
          PT Bank Danamon Indonesia Tbk                                                     6.512                                  6.407                     PT Bank Danamon Indonesia Tbk
          PT Bank CIMB Niaga Tbk                                                            5.713                                      -                           PT Bank CIMB Niaga Tbk
          PT Bank Pembangunan Daerah                                                                                                                          PT Bank Pembangunan Daerah
             Sumatera Utara                                                                1.700                                   1.681                                   Sumatera Utara
          PT Bank DKI                                                                          -                                       3                                        PT Bank DKI
        Subtotal                                                                         232.863                                  78.131                                               Subtotal
      Jaminan Pelaksanaan                                                                                                                                                      Performance Bond
        Pihak Berelasi (Catatan 44)                                                       49.270                                  57.955                                Related Party (Note 44)
    Subtotal Bank                                                                        282.133                                 136.086                                              Subtotal Bank

    Deposito                                                                                                                                                                                    Deposits
     Jaminan Sindikasi Bank                                                                                                                                                 Syndicated Bank Guarantee
       Pihak Berelasi (Catatan 44)                                                              5.419                                 7.345                                 Related Parties (Note 44)
     Jaminan Pemeliharaan                                                                                                                                                           Maintenance Bond
       Pihak Berelasi (Catatan 44)                                                              5.231                                 5.231                                   Related Party (Note 44)
      Jaminan Pelaksanaan                                                                                                                                                                  Performance Bond
        Pihak Berelasi (Catatan 44)                                                            -                                  17.114                                            Related Party (Note 44)
    Subtotal Deposito                                                                     10.650                                  29.690                                                     Deposits Subtotal
    Total Tidak Lancar                                                                   292.783                                 165.776                                                    Total Non-Current
    Total                                                                                851.109                                 236.819                                                                               Total


                                                                                 2023                       2022
    Rupiah                                                                   2,25% - 4,75%              2,50% - 5,25%                                                                                      Rupiah
    Jatuh Tempo Lancar                                                                 Kurang dari 1 tahun/                                                                                Current Maturity Period
                                                                                         Less than 1 year
    Jatuh Tempo Tidak Lancar                                                            Lebih dari 1 tahun/                                                                         Non-Current Maturity Period
                                                                                         More than 1 year



10. INVESTASI PADA ENTITAS ASOSIASI                                                DAN                       10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA                                                                                              VENTURE

    Rincian investasi pada entitas asosiasi dan ventura                                                              The details of the investments in associates and joint
    bersama adalah sebagai berikut:                                                                                  venture are as follows:
                                                                                                                                                               2023
                                                                                                                                                     Perubahan Selama Setahun/
                                                                                                                                                         Changes in a Year

                                                                                                                                                                 Bagian
                                                                                   Nilai Tercatat         Penambahan                                           Penghasilan           Selisih Transaksi          Nilai Tercatat
                                                                                    Penyertaan           (Pengurangan)     Bagian Laba                        Komprehensif            dengan Entitas             Penyertaan
                                                                  Persentase       Awal Tahun/             Penyertaan/    (Rugi) Bersih/    Penerimaan       Lain/ Portion in        Non-Pengendali/            Akhir Tahun/
                                                                Kepemilikan (% )/ Carrying Value            Additions       Portion in       Dividen/            Other               Difference from              Carrying
     Entitas Asosiasi dan Ventura Bersama/                        Percentage       at Beginning            (Deduction)      Net Profit       Dividend        Comprehensive           Non-Controlling              Value at
     Associated Entity and Joint Venture          Status        Ownership (%)         of Year             of Investment      (Loss)           Received           Income             Interest transaction       the End of Year
    Perusahaan/ The Company
    Entitas Asosiasi/ Associated Entity
     PT Trans Lingkar Kita Jaya (TLKJ)       Operasi/ Operate        21,24                129.518                78.592           3.161                  -                      -                          -            211.271
    PT Citra Bhakti Margatama                Pengakhiran PKP/
      Persada (CBMP)                          Termination of
                                               Concession            34,83                  56.787                    -                -                 -                      -                          -             56.787
    PT Citra Ganesha Marga                   Pengakhiran PKP/
      Nusantara (CGMN)                        Termination of
                                               Concession              30                   16.914                    -                -                 -                      -                          -             16.914
    PT Bukaka Marga Utama (BMU)              Pengakhiran PKP/
                                              Termination of
                                               Concession              20                    9.436                    -                -                 -                      -                          -              9.436
     PT Jasamarga Gedebage Cilacap (JGC)     Pengakhiran PKP/         32,5                  52.975                    -                -                 -                      -                          -             52.975
                                              Termination of
                                               Concession
    Ventura Bersama/ Joint Venture
     PT Jasamarga Jogja Solo (JMJ) d/h         Konstruksi/
       PT Jogjasolo Marga Makmur (JMM)        Construction           52,82                332.308               625.937           (4.107)                -                      -                          -            954.138
     PT Marga Lingkar Jakarta (MLJ)          Operasi/ Operate          51                 932.810                     -          28.129                  -                      -                          -            960.939




                                                                                                    82
Page 936
PT JASA MARGA (PERSERO) Tbk                                                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                          unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                                                      DAN                        10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                                                                          VENTURE (continued)
                                                                                                                                                                       2023
                                                                                                                                                             Perubahan Selama Setahun/
                                                                                                                                                                 Changes in a Year

                                                                                                                                                                          Bagian
                                                                                        Nilai Tercatat           Penambahan                                             Penghasilan           Selisih Transaksi          Nilai Tercatat
                                                                                         Penyertaan             (Pengurangan)       Bagian Laba                        Komprehensif            dengan Entitas             Penyertaan
                                                                       Persentase       Awal Tahun/               Penyertaan/      (Rugi) Bersih/    Penerimaan       Lain/ Portion in        Non-Pengendali/            Akhir Tahun/
                                                                     Kepemilikan (% )/ Carrying Value              Additions         Portion in       Dividen/            Other               Difference from              Carrying
     Entitas Asosiasi dan Ventura Bersama/                             Percentage       at Beginning              (Deduction)        Net Profit       Dividend        Comprehensive           Non-Controlling              Value at
     Associated Entity and Joint Venture              Status         Ownership (%)          of Year              of Investment        (Loss)          Received            Income             Interest transaction       the End of Year
    Penyertaan tidak langsung melalui JTT
      /Indirect investment through JTT
    Entitas Asosiasi/ Associated Entity
    PT Jasamarga Semarang Batang (JSB)           Operasi/ Operate                              1.566.777             (1.573.534)            (464)                -                7.221                             -                  -
    PT Jasamarga Solo Ngawi (JSN)                Operasi/ Operate                              1.368.078             (1.455.599)          82.847                 -                4.674                             -                  -
    PT Jasamarga Ngawi Kertosono Kediri (JNK)    Operasi/ Operate                                644.000               (706.094)          62.094                 -                    -                             -                  -
    PT Jasamarga Pandaan Tol (JPT)               Operasi/ Operate           40                   423.151                      -           22.466                 -                  (15)                            -            445.602
    PT Jasamarga Jalanlayang Cikampek (JJC)      Operasi/ Operate           40                 1.833.491                      -         (163.935)                -                  (13)                            -          1.669.543
    Ventura Bersama/ Joint Venture
    PT Trans Marga Jateng (TMJ)                  Operasi/ Operate         50,91                  612.256                      -          235.088                 -                   (65)                           -            847.279
    PT Jasamarga Pandaan Malang (JPM)            Operasi/ Operate          51                  1.122.417                      -           (64.761)               -                     1                            -          1.057.657
    Penyertaan tidak langsung melalui JMRB
      /Indirect investment through JMRB
     PT PP Sinergi Banjaratma (PPSB)             Operasi / Operate          20                        9.337                   -              (61)                -                       -                          -              9.276
                                                                                               9.110.255             (3.030.698)         200.457                 -              11.803                              -          6.291.817
    Dikurangi/ Deducted
    Penurunan Nilai Penyertaan pada:
       Impairment of Investment in:
         CBMP                                                                                    (56.787)                     -                 -                -                       -                          -            (56.787)
         CGMN                                                                                    (16.914)                     -                 -                -                       -                          -            (16.914)
         BMU                                                                                      (9.436)                     -                 -                -                       -                          -             (9.436)
         JGC                                                                                     (52.975)                     -                 -                -                       -                          -            (52.975)
                                                                                                (136.112)                     -                 -                -                       -                          -           (136.112)
    Total                                                                                      8.974.143                                                                                                                       6.155.705



                                                                                                                                                                           2022
                                                                                                                                                             Perubahan Selama Setahun/
                                                                                                                                                                     Changes in a Year

                                                                                                                                                                           Bagian
                                                                                          Nilai Tercatat         Penambahan                                             Penghasilan            Selisih Transaksi         Nilai Tercatat
                                                                                           Penyertaan           (Pengurangan)       Bagian Laba                        Komprehensif             dengan Entitas            Penyertaan
                                                                       Persentase         Awal Tahun/             Penyertaan/      (Rugi) Bersih/    Penerimaan       Lain/ Portion in         Non-Pengendali/           Akhir Tahun/
                                                                     Kepemilikan (% )/   Carrying Value            Additions         Portion in        Dividen/            Other               Difference from             Carrying
     Entitas Asosiasi dan Ventura Bersama/                             Percentage         at Beginning            (Deduction)        Net Profit       Dividend        Comprehensive            Non-Controlling             Value at
     Associated Entity and Joint Venture              Status          Ownership (%)          of Year             of Investment        (Loss)          Received            Income             Interest transaction       the End of Year
    Perusahaan/ The Company
    Entitas Asosiasi/ Associated Entity
    PT Trans Lingkar Kita Jaya (TLKJ)            Operasi/ Operate         21,24                  137.671                      -            (8.153)               -                     -                            -           129.518
    PT lsmawa Trimitra (IT)                      Operasi / Operate         25                     11.202               (10.113)               756         (1.822)                    (23)                           -                     -
    PT Citra Bhakti Margatama                    Pengakhiran PKP/
       Persada (CBMP)                             Termination of
                                                    Concession            34,83                   56.787                      -                 -                -                       -                          -             56.787
    PT Citra Ganesha Marga                       Pengakhiran PKP/
       Nusantara (CGMN)                           Termination of
                                                   Concession               30                    16.914                      -                 -                -                       -                          -             16.914
    PT Jatim Marga Utama (JMU)                    Belum Operasi/                                       -
                                                 Not Yet Operated                                          -
    PT Bukaka Marga Utama (BMU)                  Pengakhiran PKP/
                                                  Termination of
                                                    Concession             20                         9.436                   -                 -                -                       -                          -              9.436
     PT Jogjasolo Marga Makmur (JMM)                Konstruksi/           42,23                   18.903               318.650             (5.245)               -                       -                          -           332.308
                                                   Construction
     PT Jasamarga Gedebage Cilacap (JGC)         Pengakhiran PKP/          32,5                            -            52.975                  -                -                       -                          -             52.975
                                                  Termination of
                                                   Concession
    Ventura Bersama/ Joint Venture
     PT Marga Lingkar Jakarta (MLJ)              Operasi/ Operate           51                   916.744                      -           16.066                 -                       -                          -           932.810
    Penyertaan tidak langsung melalui JTT
      /Indirect investment through JTT
    Entitas Asosiasi/ Associated Entity
     PT Jasamarga Semarang Batang (JSB)          Operasi/ Operate         44,18                1.594.157                      -          (22.429)                -                (4.951)                           -          1.566.777
     PT Jasamarga Solo Ngawi (JSN)               Operasi/ Operate         42,62                1.281.069                      -           92.303                 -                (5.294)                           -          1.368.078
     PT Jasamarga Ngawi Kertosono Kediri (JNK)   Operasi/ Operate           45                   552.202                     -            91.798                 -                     -                        -                644.000
     PT Jasamarga Pandaan Tol (JPT)              Operasi/ Operate           40                   405.862                     -            17.289                 -                     -                        -                423.151
    PT Jasamarga Jalanlayang Cikampek (JJC)      Operasi/ Operate           40                         -             1.915.407           (79.556)                -                     9                   (2.369)             1.833.491
    Ventura Bersama/ Joint Venture
    PT Trans Marga Jateng (TMJ)                  Operasi/ Operate         50,91                  405.408                      -          206.979                 -                 (131)                            -           612.256
     PT Jasamarga Pandaan Malang (JPM)           Operasi/ Operate           51                 1.203.846                      -          (81.435)                -                     6                            -          1.122.417
    Penyertaan tidak langsung melalui JMRB
      /Indirect investment through JMRB
     PT PP Sinergi Banjaratma (PPSB)             Operasi / Operate          20                        9.580                   -             (243)                -                       -                          -              9.337
                                                                                               6.619.781             2.276.919           228.130          (1.822)              (10.384)                    (2.369)             9.110.255

    Dikurangi/ Deducted
     Penurunan Nilai Penyertaan pada:
       Impairment of Investment in:
         CBMP                                                                                     (56.787)                    -                 -                -                       -                          -            (56.787)
         CGMN                                                                                     (16.914)                    -                 -                -                       -                          -            (16.914)
         BMU                                                                                       (9.436)                    -                 -                -                       -                          -             (9.436)
         JGC                                                                                               -           (52.975)                 -                -                       -                          -            (52.975)
                                                                                                 (83.137)              (52.975)                 -                -                       -                          -           (136.112)
    Total                                                                                      6.536.644                                                                                                                       8.974.143




                                                                                                           83
Page 937
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                 DAN             10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                          VENTURE (continued)

    Informasi tambahan pada tanggal 31 Desember                         Additional information for the period ended
    2023 dan 2022 sehubungan dengan investasi pada                      December 31, 2023 and 2022 related to investment
    entitas asosiasi dan ventura bersama adalah                         in associates and joint venture are as follows:
    sebagai berikut:

    Perusahaan Asosiasi dan Ventura Bersama/     Total Aset/         Total Liabilitas/      Total Pendapatan/      Laba (Rugi) Neto/
    Associated Company and Joint Ventures        Total Asset         Total Liabilities       Total Revenues       Net Income (Loss)
    2023
     PT Jasamarga Jalanlayang Cikampek (JJC)           15.289.796             11.148.876                893.421               (407.840)
     PT Trans Marga Jateng (TMJ)                        6.466.017              4.765.354                975.149                460.488
     PT Jasamarga Jogja Solo (JMJ)                      6.311.283              4.540.517              3.488.444                 (8.113)
     PT Jasamarga Pandaan Malang (JPM)                  4.817.281              3.965.490                360.355               (126.983)
     PT Trans Lingkar Kita Jaya (TLKJ)                  3.248.835              2.623.596                197.732                  3.182
     PT Marga Lingkar Jakarta (MLJ)                     1.876.298              1.184.313                333.877                 55.343
     PT Jasamarga Pandaan Tol (JPT)                     1.473.040                809.895                187.965                 56.657
     PT PP Sinergi Banjaratma (PPSB)                      153.490                  8.560                 18.389                   (198)
     PT Jasamarga Gedebage Cilacap (JGC)                   51.224                 24.343                      -                (30.902)

    2022
     PT Jasamarga Jalanlayang Cikampek (JJC)           15.505.221             10.956.430                869.239               (391.952)
     PT Jasamarga Semarang Batang (JSB)                12.552.927              8.983.307              1.027.719                (41.590)
     PT Jasamarga Solo Ngawi (JSN)                     10.079.355              6.864.105              1.028.937                218.532
     PT Trans Marga Jateng (TMJ)                        6.438.953              5.197.372                925.251                406.326
     PT Jasamarga Pandaan Malang (JPM)                  4.948.064              3.969.291                328.363               (159.677)
     PT Jasamarga Ngawi Kertosono Kediri (JNK)          4.757.903              3.250.837                652.785                206.685
     PT Jogjasolo Marga Makmur (JMM)                    3.117.985              2.069.176                890.370                (19.271)
     PT Trans Lingkar Kita Jaya (TLKJ)                  2.396.821              2.032.945                171.159                (44.348)
     PT Marga Lingkar Jakarta (MLJ)                     1.816.895              1.180.159                311.679                 32.485
     PT Jasamarga Pandaan Tol (JPT)                     1.400.089                793.941                178.357                 43.310
     PT PP Sinergi Banjaratma (PPSB)                      161.581                113.690                 12.474                 (1.205)
     PT Jasamarga Gedebage Cilacap (JGC)                   83.423                 25.640                      -                (14.997)


    PT Trans Lingkar Kita Jaya (TLKJ)                                   PT Trans Lingkar Kita Jaya (TLKJ)

    TLKJ didirikan berdasarkan Akta Notaris No. 18                      TLKJ was established based on Notarial Deed
    tanggal 19 Januari 2006, Agus Madjid, S.H., dalam                   No. 18 dated January 19, 2006, Agus Madjid, S.H.,
    rangka pengusahaan ruas tol Cinere-Jagorawi. Akta                   aimed to develop Cinere-Jagorawi toll road. The
    Pendirian disahkan oleh Menteri Hukum dan Hak                       Deed of Establishment was authorized by the
    Asasi Manusia Republik Indonesia dalam Surat                        Minister of Law and Human Rights of the Republic of
    Keputusan     No.    C-03269.HT.01.01     tanggal                   Indonesia        through     Decision       Letter
    7 Februari 2006.                                                    No. C-03269.HT.01.01 dated February 7, 2006.

    Berdasarkan Akta Notaris No. 27 tanggal 17                          Based on Notarial Deed No. 27 dated November 17,
    November 2023, Doddy Radjasa, S.H., Perusahaan                      2023, Doddy Radjasa, S.H., The Company
    menambah setoran modal sebesar Rp78.592 atau                        increased its capital contributions amounting to
    sebanyak 78.592 lembar saham. Akta Perubahan                        Rp78,592 or 78,592 shares. The Deed of
    disahkan oleh Menteri Hukum dan Hak Asasi                           Amendment was approved by the Minister of Law
    Manusia Republik Indonesia dalam Surat                              and Human Rights of the Republic of Indonesia in its
    Keputusan No. AHU-AH.01.03-0151632 tanggal 6                        Decision Letter No. AHU-AH.01.03-0151632 dated
    Desember 2023.                                                      December 6, 2023.

    Pada tanggal 31 Desember 2023, Perusahaan                           As of December 31, 2023, the Company owned
    memiliki 231.520 saham yang merupakan 21,24%                        231,520 shares which represent 21.24% of the total
    dari total kepemilikan.                                             ownership.




                                                               84
Page 938
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI               DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                     VENTURE (continued)

    PT Trans Marga Jateng (TMJ)                                   PT Trans Marga Jateng (TMJ)

    PT Trans Marga Jateng (TMJ) didirikan pada                    PT Trans Marga Jateng (TMJ) was established on
    tanggal 7 Juli 2007 untuk menyelenggarakan Jalan              July 7, 2007 to operate the Semarang-Solo Toll Road
    Tol Semarang - Solo berdasarkan Akta Notaris                  based on Notarial Deed No. 27 dated July 7, 2007
    No. 27 tanggal 7 Juli 2007 yang dibuat di hadapan             made before the Notary Prof. Dr. Liliana Tedjosaputro,
    Notaris Prof. Dr. Liliana Tedjosaputro, S.H., M.H.,           S.H., M.H., Notary in Jakarta. The Articles of
    notaris di Jakarta. Anggaran Dasar telah                      Association have been approved by the Minister of Law
    mendapatkan pengesahan dari Menteri Hukum dan                 and Human Rights No. C-03976.HT.01.01-TH.2007
    Hak Asasi Manusia No. C-03976.HT.01.01-TH.2007                dated November 22, 2007 and announced in the State
    tanggal 22 November 2007 dan diumumkan dalam                  Gazette of the Republic of Indonesia No. 914
    Lembaran Berita Negara Republik Indonesia                     Supplement      State    Gazette     No.   8    dated
    No. 914 Tambahan Berita Negara No. 8 tanggal                  January 25, 2008.
    25 Januari 2008.

    Berdasarkan Akta Notaris Leolin Jayayanti, S.H.,              Based on the Notarial Deed of Leolin Jayayanti, S.H.,
    No. 71 tanggal 17 Mei 2017 mengenai Perubahan                 No. 71 dated May 17, 2017 concerning Amendments
    dan Pernyataan Kembali Perjanjian Usaha                       and Restatement Joint Venture Agreement, PT Trans
    Patungan, para pemegang saham PT Trans Marga                  Marga Jateng (TMJ) shareholders have agreed that
    Jateng (TMJ) telah sepakat bahwa pengendalian                 TMJ's control is carried out jointly by the Company and
    TMJ dilakukan secara bersama oleh Perusahaan                  PT Astratel Nusantara. This has resulted since
    dan PT Astratel Nusantara. Hal ini mengakibatkan              May 17, 2017, the Company has not consolidated the
    sejak tanggal 17 Mei 2017, Perusahaan tidak                   TMJ's financial statements.
    melakukan konsolidasi atas laporan keuangan TMJ.

    Berdasarkan Akta No. 280 Notaris Jimmy Tanal,                 Based on Notarial Deed No. 280 of Notary Jimmy
    S.H., M.Kn., tanggal 30 Desember 2019,                        Tanal, S.H., M.Kn., dated December 30, 2019, the
    Perusahaan melakukan penjualan saham kepada                   Company sold 18,990,410 shares or equivalent to
    PT Trans Optima Luhur sebanyak 18.990.410                     Rp189,990 to PT Trans Optima Luhur with sales price
    lembar saham atau setara dengan Rp189.990                     of Rp427,284. Therefore, the Company’s ownership in
    dengan harga jual sebesar Rp427.284. Dengan                   TMJ was 50.91%.
    demikian, kepemilikan Perusahaan pada TMJ
    menjadi sebesar 50,91%.

    Berdasarkan Akta Pemisahan Divisi Regional                    Based on the Deed of Separation of the Regional
    Jasamarga Transjawa Tollroad oleh PT Jasa Marga               Division of Jasamarga Transjawa Tollroad by
    kepada PT Jasamarga Transjawa Tol tanggal                     PT Jasa Marga to PT Jasamarga Transjawa Tol dated
    1 Juli 2022 oleh Notaris Ir. Nanette Cahyanie                 July 1, 2022 by Notary Ir. Nanette Cahyanie Handari
    Handari Adi Warsito, S.H., Perusahaan telah                   Adi Warsito, S.H., the Company has separated its
    melakukan pemisahan usaha dengan mengalihkan                  business by transferring all ownership of the Company
    seluruh kepemilikan Perusahaan pada TMJ berupa                to TMJ in the form of 50.91% share ownership to JTT
    50,91% kepemilikan saham kepada JTT (entitas                  (subsidiary).
    anak).




                                                          85
Page 939
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Jasamarga Solo Ngawi (JSN)                                PT Jasamarga Solo Ngawi (JSN)

    PT Jasamarga Solo Ngawi didirikan di Indonesia               PT Jasamarga Solo Ngawi was established in
    berdasarkan Akta Notaris Sugito Tedjamulja, S.H.,            Indonesia based on Notarial Deed Sugito
    No. 59 tanggal 24 Maret 2009. Akta Pendirian ini             Tedjamulja, S.H., No. 59 dated March 24, 2009. The
    telah disahkan oleh Menteri Hukum dan Hak Asasi              Deed of Establishment was authorized by the
    Manusia Republik Indonesia berdasarkan Surat                 Minister of Law and Human Rights of the Republic of
    Keputusan No.AHU-17204.AH.01.01 Tahun 2009,                  Indonesia based on decision letter No. AHU-
    yang kemudian dilakukan pengambilalihan dan                  17204.AH.01.01 year 2009, which was subsequently
    pengalihan saham berdasarkan Akta Notaris                    taken over and transferred shares based on Notarial
    Fathiah Helmi, S.H., No. 36 tanggal 10 Juni 2015.            Deed Fathiah Helmi, S.H., No. 36 dated
    Perubahan tersebut telah disahkan oleh Menteri               June 10, 2015. Such changes have been authorized
    Hukum dan Hak Asasi Manusia Republik Indonesia               by the Minister of Law and Human Rights of the
    melalui Surat Keputusan No. AHU-AH.01.03-                    Republic of Indonesia through decision letter
    0947005       (Perubahan      Perseroan)      dan            No. AHU-AH.01.03-0947005 (Amendment to the
    No. AHU-AH.01.03-0947006 (Perubahan Direksi                  Company) and No. AHU-AH.01.03-0947006
    dan Komisaris Perseroan) tanggal 1 Juli 2015.                (Amendment to Directors and Commissioner of the
                                                                 Company) dated July 1, 2015.

    Perusahaan melakukan divestasi kepemilikan                   The Company divested 20% of share ownership in
    saham pada JSN sebesar 20% sesuai Akta                       JSN in accordance with the Deed of Share Transfer
    pemindahan saham No. 5 tanggal 5 Juli 2018                   No. 5 dated July 5, 2018 to PT Lintas Marga Jawa
    kepada PT Lintas Marga Jawa (LMJ) sebanyak                   (LMJ) totaling 12,157,077 shares or equivalent to
    12.157.077 saham atau setara Rp267.456 dengan                Rp267,456 at a sales price of Rp492,000 based on
    harga penjualan sebesar Rp492.000 berdasarkan                the addendum to the Deed of Shareholders
    adendum Akta Perjanjian Pemegang Saham No. 8                 Agreement No. 8 dated on July 5, 2018 the
    tanggal 5 Juli 2018 kepemilikan Perusahaan pada              Company's ownership in JSN dropped to 40%.
    JSN turun menjadi 40%.

    Atas perubahan kepemilikan saham tersebut                    Due to the change in share ownership, the Company no
    Perusahaan sudah tidak lagi memiliki pengendalian            longer has control over the JSN and the Company’s
    terhadap JSN dan investasi Perusahaan di JSN                 investment in JSN is treated as joint venture.
    dicatat sebagai ventura bersama.

    Sesuai Akta Notaris Windalina, S.H., No. 1 tanggal           In accordance with Notarial Deed of Windalina, S.H.,
    6 Februari 2020, Perusahaan menyetujui untuk                 No. 1 February 6, 2020, The Company agreed to
    meningkatkan modal ditempatkan dan disetor                   increase total issued and paid up share capital totaling
    sebesar Rp292.243 sehingga modal ditempatkan                 to Rp292,243 and as of December 31, 2023 total issued
    dan disetor pada 31 Desember 2023 adalah                     and paid up share capital totaling Rp1,584,787. The
    sebesar Rp1.584.787. Kepemilikan Perusahaan                  Company's ownership in JSN increased to 42.62%.
    pada JSN meningkat menjadi 42,62%.

    Berdasarkan Akta Pemisahan Divisi Regional                   Based on the Deed of Separation of the Regional
    Jasamarga Transjawa Tollroad oleh PT Jasa Marga              Division of Jasamarga Transjawa Tollroad by PT Jasa
    (Persero) Tbk kepada PT Jasamarga Transjawa Tol              Marga (Persero) Tbk to PT Jasamarga Transjawa Tol
    tanggal 1 Juli 2022 oleh Notaris Ir. Nanette                 dated July 1, 2022 by Notary Ir. Nanette Cahyanie
    Cahyanie Handari Adi Warsito, S.H., Perusahaan               Handari Adi Warsito, S.H., the Company has carried out
    telah melakukan pemisahan usaha dengan                       a business separation by transferring all company
    mengalihkan seluruh kepemilikan Perusahaan pada              ownership in JSN in the form of 42.62% share
    JSN berupa 42,62% kepemilikan saham kepada                   ownership to JTT.
    JTT.




                                                         86
Page 940
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Jasamarga Solo Ngawi (JSN) (lanjutan)                     PT Jasamarga Solo Ngawi (JSN) (continued)

    Berdasarkan       Akta     Pengalihan       Saham            Based on Deed of Share Transfer No. 19 dated
    No. 19 tanggal 27 Juli 2023 oleh Notaris                     July 27, 2023 by Notary Mudita Chitta Odang, S.H,
    Mudita Chitta Odang, S.H, M.Kn, JTT menerima                 M.Kn, JTT received the transfer of shares to LMJ which
    pengalihan saham terhadap LMJ yang memiliki                  owns 17% of shares in JSN. Due to this, the Company
    saham di JSN sebesar 17%. Atas hal tersebut                  through JTT owns shares directly and indirectly in JSN
    Perusahaan melalui JTT memiliki saham secara                 amounting to 59.53% and exercises control over JSN
    langsung dan tidak langsung terhadap JSN sebesar             which is recorded as a consolidated subsidiary
    59,53% dan melakukan pengendalian di JSN yang                (Note 1.e).
    dicatat sebagai entitas anak yang dikonsolidasikan
    (Catatan 1.e).

    PT Jasamarga Ngawi Kertosono Kediri (JNK)                    PT Jasamarga Ngawi Kertosono Kediri (JNK)

    PT Jasamarga Ngawi Kertosono Kediri didirikan di             PT Jasamarga Ngawi Kertosono Kediri was
    Indonesia berdasarkan Akta Notaris Sugito                    established in Indonesia based on Notarial Deed
    Tedjamulja, S.H., No. 60, tanggal 24 Maret 2009.             Sugito Tedjamulja, S.H., No. 60, dated
    Akta Pendirian ini telah disahkan oleh Menteri               March 24, 2009. The Deed of Establishment was
    Hukum dan Hak Asasi Manusia Republik Indonesia               authorized by the Minister of Law and Human Rights
    berdasarkan     Surat    Keputusan     No.    AHU-           of the Republic of Indonesia based on Decision
    17226.AH.01.01.TH.2009 tanggal 30 April 2009                 Letter No. AHU-17226.AH.01.01.TH.2009 dated
    yang kemudian dilakukan pengambilalihan dan                  April 30, 2009 which was subsequently taken over
    pengalihan saham berdasarkan Akta Notaris                    and transferred shares based on the Notarial Deed
    Fathiah Helmi, S.H., No. 35, tanggal 10 Juni 2015,           Fathiah Helmi, S.H., No. 35, dated on June 10, 2015,

    Perusahaan melakukan divestasi kepemilikan                   The Company divested 20% of the share ownership
    saham pada JNK sebesar 20% sesuai Akta                       in JNK in accordance with the Deed of Transfer
    Pemindahan Saham No. 5 tanggal 5 Juli 2018                   No. 5 dated on July 5, 2018 to PT Lintas Marga Jawa
    kepada PT Lintas Marga Jawa (LMJ) sebanyak                   (LMJ) 8,864,210 shares or equivalent to Rp195,013
    8.864.210 saham atau setara Rp195.013 dengan                 at a selling price of Rp360,000 so that based on the
    harga penjualan sebesar Rp360.000 sehingga                   addendum to the Deed of Shareholder Agreement
    berdasarkan adendum Akta Perjanjian Pemegang                 No. 7 dated on July 5, 2018, the Company’s
    Saham No. 7 tanggal 5 Juli 2018 kepemilikan                  ownership in JNK decreased to 40%. Due to the
    Perusahaan pada JNK turun menjadi 40%. Atas                  change in ownership, the Company no longer has
    perubahan kepemilikan tersebut Perusahaan sudah              control over JNK and it becomes a joint venture.
    tidak lagi memiliki pengendalian terhadap JNK dan
    beralih menjadi ventura bersama.

    Sesuai dengan Akta Perubahan Anggaran Dasar                  In accordance with the Amendment Deed of the JNK
    JNK No. 139 tanggal 23 Desember 2019 yang                    Articles   of    Association   No.    139    dated
    dibuat dihadapan Notaris Ashoya Ratam, S.H.,                 December 23, 2019 made before the Notary Ashoya
    M.Kn., perihal perubahan struktur permodalan                 Ratam, S.H., M.Kn., Bachelor of Law, Master of
    Pemegang Saham JNK yang mana JNK telah                       Notary, regarding the change in Shareholder capital
    melakukan konversi atas Mandatory Convertible                structure of JNK which JNK has converted the
    Loan milik Perusahaan sebesar Rp251.222,                     Mandatory Convertible Loan owned by the Company
    sebagai bentuk penyertaan modal di JNK.                      amounted to Rp251,222, as capital investment in
    Sehingga, Perusahaan memiliki kepemilikan saham              JNK. Therefore, the Company has 34,070,766
    sebanyak 34.070.766 lembar saham atau setara                 shares or equivalent to Rp749,557 which represent
    Rp749.557 yang merupakan 45% dari jumlah                     45% of the total issued and paid up share capital in
    seluruh saham yang telah ditempatkan dan disetor             JNK.
    di JNK.




                                                         87
Page 941
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Jasamarga Ngawi Kertosono Kediri (JNK)                    PT Jasamarga Ngawi Kertosono Kediri (JNK)
    (lanjutan)                                                   (continued)

    Berdasarkan Akta Pemisahan Divisi Regional                   Based on the Deed of Separation of the Regional
    Jasamarga Transjawa Tollroad oleh Perusahaan                 Division of Jasamarga Transjawa Tollroad by the
    kepada JTT tanggal 1 Juli 2022 oleh Notaris                  Company to JTT dated July 1, 2022 by Notary
    Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,              Ir. Nanette Cahyanie Handari Adi Warsito, S.H., the
    Perusahaan telah melakukan pemisahan usaha                   Company has separated the business by transferring
    dengan     mengalihkan   seluruh  kepemilikan                all the Company’s ownership in JNK of 45% share
    Perusahaan pada JNK sebesar 45% kepemilikan                  ownership to JTT.
    saham kepada JTT.

    Berdasarkan       Akta     Pengalihan       Saham            Based on Deed of Share Transfer No. 19 dated
    No. 19 tanggal 27 Juli 2023 oleh Notaris                     27 July 2023 by Notary Mudita Chitta Odang, S.H.,
    Mudita Chitta Odang, S.H., M.Kn, JTT menerima                M.Kn, JTT received the transfer of shares to LMJ
    pengalihan saham terhadap LMJ yang memiliki                  which owns 15% of shares in JNK. Due to this, the
    saham di JNK sebesar 15%. Atas hal tersebut                  Company through JTT owns shares directly and
    Perusahaan melalui JTT memiliki saham secara                 indirectly in JNK amounting to 59.60% and exercises
    langsung dan tidak langsung terhadap JNK sebesar             control over JNK which is recorded as a consolidated
    59,60% dan melakukan pengendalian di JNK yang                subsidiary (note 1.e).
    dicatat sebagai entitas anak yang dikonsolidasikan
    (catatan 1.e).

    PT Jasamarga Semarang Batang (JSB)                           PT Jasamarga Semarang Batang (JSB)

    PT Jasamarga Semarang Batang (JSB) didirikan                 PT Jasamarga Semarang Batang (JSB) was
    pada tanggal 21 April 2016 berdasarkan Akta                  established on April 21, 2016 based on Notarial
    Notaris No. 128 dibuat di hadapan Haji Rizul                 Deed No. 128 made before Haji Rizul Sudarmadi,
    Sudarmadi, S.H., M.Kn., di Jakarta. Anggaran dasar           S.H., M.Kn., in Jakarta. The Articles of Association of
    JSB telah memperoleh pengesahan dari Menteri                 JSB have been authorized by the Minister of Law and
    Hukum dan Hak Asasi Manusia Republik Indonesia,              Human Rights of the Republic of Indonesia, through
    melalui     surat       Keputusan       tertanggal           in the Decision Letter dated April 21, 2016 No. AHU-
    21 April 2016 No. AHU-0020465.AH.01.01 tahun                 0020465.AH.01.01 of 2016.
    2016.

    Perusahaan melakukan divestasi kepemilikan                   The Company divested 20% of the share ownership
    saham di JSB sebesar 20% sesuai Akta                         in JSB in accordance with the Deed of Share
    Pemindahan Saham No. 5 tanggal 5 Juli 2018                   Transfer No. 5 dated on July 5, 2018 to 26,725,000
    kepada PT Lintas Marga Jawa (LMJ) yaitu                      shares of PT Lintas Marga Jawa (LMJ) or equivalent
    sebanyak 26.725.000 saham atau setara Rp26.725               to Rp26,725 at a selling price of Rp60,820. Based on
    dengan harga penjualan sebesar Rp60.820.                     the addendum to the Deed of Shareholder
    Berdasarkan adendum Akta Perjanjian Pemegang                 Agreement No. 9 dated on July 5, 2018, the
    Saham No. 9 tanggal 5 Juli 2018, kepemilikan                 Company’s ownership in JSB decreased to 40%. Due
    Perusahaan pada JSB turun menjadi 40%. Atas                  to the change in share ownership, the Company no
    perubahan     kepemilikan    saham       tersebut,           longer has control over the JSB and the Company’s
    Perusahaan sudah tidak lagi memiliki pengendalian            investment in JSB is accepted for as joint venture.
    pada JSB dan investasi Perusahaan di JSB dicatat
    sebagai ventura bersama.

    Pada tanggal 29 Oktober 2021, sesuai Akta Notaris            On October 29, 2021, in accordance with Notarial
    Toni Lizardo, S.H., M.Kn., No. 4007 tanggal                  Deed of Toni Lizardo, S.H., M.Kn., No. 4007 dated
    29 Oktober 2021, Perusahaan menyetujui untuk                 October 29, 2021, the Company agreed to increase
    meningkatkan modal ditempatkan dan disetor                   total issued and paid-up share capital totaling to
    sebesar Rp37.680 sehingga modal ditempatkan dan              Rp37,680 and total issued and paid-up share capital
    disetor adalah sebesar Rp1.846.112. Kepemilikan              totaling Rp1,846,112. The Company's ownership in
    Perusahaan pada JSB meningkat menjadi 44,18%.                JSB increased to 44.18%.



                                                         88
Page 942
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI               DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                     VENTURE (continued)

    PT Jasamarga Semarang Batang (JSB) (lanjutan)                 PT Jasamarga        Semarang       Batang      (JSB)
                                                                  (continued)

    Berdasarkan Akta Pemisahan Divisi Regional                    Based on the Deed of Separation of the Jasamarga
    Jasamarga Transjawa Tollroad oleh Perusahaan                  Transjawa Tollroad Regional Division by the
    kepada JTT tanggal 1 Juli 2022 oleh Notaris                   Company to JTT dated July 1, 2022 by Notary
    Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,               Ir. Nanette Cahyanie Handari Adi Warsito, S.H., the
    Perusahaan telah melakukan pemisahan usaha                    Company has separated the business by transferring
    dengan     mengalihkan   seluruh   kepemilikan                all the Company’s ownership in JSB of 44.18% share
    Perusahaan pada JSB sebesar 44,18% kepemilikan                ownership to JTT.
    saham kepada JTT.

    Berdasarkan Akta Pengalihan Saham No. 19                      Based on Deed of Share Transfer No. 19 dated
    tanggal     27    Juli    2023     oleh     Notaris           July 27, 2023 by Notary Mudita Chitta Odang, S.H.,
    Mudita Chitta Odang, S.H., M.Kn., JTT menerima                M.Kn., JTT received the transfer of shares to LMJ
    pengalihan saham terhadap LMJ yang memiliki                   which owns 16% of shares in JSB. Due to this, the
    saham di JSB sebesar 16%. Atas hal tersebut                   Company through JTT owns shares directly and
    Perusahaan melalui JTT memiliki saham secara                  indirectly in JSB amounting to 59.80% and exercises
    langsung dan tidak langsung terhadap JSB sebesar              control over JSB which is recorded as a consolidated
    59,80% dan melakukan pengendalian di JSB yang                 subsidiary (Note 1.e).
    dicatat sebagai entitas anak yang dikonsolidasikan
    (Catatan 1.e).

    PT Jasamarga Pandaan Tol (JPT)                                PT Jasamarga Pandaan Tol (JPT)

    PT Jasamarga Pandaan Tol (JPT) didirikan pada                 PT Jasamarga Pandaan Toll (JPT) was established
    tanggal 25 September 1996 untuk membangun                     on September 25, 1996 to build Gempol - Pandaan
    Jalan Tol Gempol - Pandaan dengan mendirikan                  with PT Margabumi Adhikaraya established by
    PT Margabumi Adhikaraya berdasarkan Akta                      Notarial Deed No. 142 dated September 25, 1996,
    Notaris No. 142 tanggal 25 September 1996                     together with PT Margabumi Matraya, PT Tirtobumi
    bersama dengan PT Margabumi Matraya,                          Adyatunggal and PT Adhika Prakarsatama.
    PT Tirtobumi Adyatunggal dan PT Adhika
    Prakarsatama.

    Berdasarkan Akta Pernyataan Keputusan Para                    Based on the Deed of Shareholders resolution in lieu
    Pemegang Saham di Luar Rapat Umum Pemegang                    of General Meeting of JPT’s shareholders dated
    Saham JPT tanggal 26 November 2015, pemegang                  November 26, 2015, the shareholders agreed to
    saham menyetujui peningkatan modal dasar JPT.                 increase the authorized capital of JPT. After the
    Setelah penyetoran oleh Perusahaan, maka porsi                payment of shares by the Company, the portion of
    saham Perusahaan di JPT meningkat menjadi                     the Company’s shares in JPT increased to 90.71%.
    sebesar 90,71%.

    Perusahaan melakukan divestasi kepemilikan                    The Company divested shares in JPT based on
    saham pada JPT berdasarkan Akta Notaris No. 46                Notarial Deed No. 46 dated May 24, 2019 to
    tanggal 24 Mei 2019 kepada PT Trans Optima                    PT Trans Optima Luhur by taking part in new shares
    Luhur dengan mengambil bagian atas saham baru                 issued by JPT so that the share ownership JPT is
    yang diterbitkan oleh JPT sehingga kepemilikan                252,053,913 shares or equivalent to Rp252,054
    saham di JPT adalah 252.053.913 lembar saham                  which represents 40% of the total shares
    atau setara dengan Rp252.054 yang mewakili 40%                630,134,783 or equivalent to Rp630,135. Due to the
    dari total seluruh saham yang berjumlah                       change in ownership, the Company no longer has
    630.134.783     lembar   saham,     atau    setara            control of JPT and it becomes a joint venture.
    Rp630.135. Atas perubahan kepemilikan tersebut,
    Perusahaan sudah tidak lagi memiliki pengendalian
    terhadap JPT dan beralih menjadi ventura bersama.




                                                          89
Page 943
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                              For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Jasamarga Pandaan Tol (JPT) (lanjutan)                    PT Jasamarga Pandaan Tol (JPT) (continued)

    Berdasarkan Akta Pemisahan Divisi Regional                   Based on the Deed of Separation of the Jasamarga
    Jasamarga Transjawa Tollroad oleh Perusahaan                 Transjawa Tollroad Regional Division by the
    kepada JTT tanggal 1 Juli 2022 oleh Notaris                  Company to JTT dated July 1, 2022 by Notary
    Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,              Ir. Nanette Cahyanie Handari Adi Warsito, S.H., the
    Perusahaan telah melakukan pemisahan usaha                   Company has separated the business by transferring
    dengan     mengalihkan   seluruh  kepemilikan                all the Company’s ownership in JPT of 40% share
    Perusahaan pada JPT sebesar 40% kepemilikan                  ownership to JTT.
    saham kepada JTT.

    PT Jasamarga Jogja Solo (JMJ)                                PT Jasamarga Jogja Solo (JMJ)

    JMJ    didirikan  berdasarkan    Akta    Notaris             JMJ was established based on Notarial Deed No. 6
    No. 6 tanggal 9 September 2020 dari Notaris Ni               dated on September 9, 2020 from Notary Ni Nyoman
    Nyoman Rai Sumawati, S.H., M.Kn., yang disahkan              Rai Sumawati, S.H., M.Kn., which was ratified by the
    oleh Menteri Hukum dan Hak Asasi Manusia                     Minister of Law and Human Rights of the Republic of
    Republik Indonesia dalam Surat Keputusan No.                 Indonesia     in   Decree    No.    AHU-0044988.
    AHU-0044988.AH.01.01.TAHUN 2020 tanggal                      AH.01.01.TAHUN 2020 dated September 9, 2020.
    9 September 2020.

    Berdasarkan Akta Notaris No. 03 tanggal 13 Januari           Based on Notarial Deed No. 03 dated January 13,
    2023 yang dibuat di hadapan Notaris Ni Nyoman                2023 made before Notary Ni Nyoman Rai Sumawati
    Rai Sumawati S.H., M.Kn. dan telah mendapatkan               S.H., M.Kn. and has received approval from the
    pengesahan dari Kementerian Hukum dan Hak                    Ministry of Law and Human Rights No. AHU-
    Asasi Manusia No. AHU-0003427.AH.01.02 tanggal               0003427.AH.01.02 dated January 19, 2023
    19 Januari 2023 perihal Persetujuan Perubahan                regarding receipt of notification of changes in the
    Anggaran Dasar Perseroan Terbatas PT                         Company's Articles of Association, the composition
    Jasamarga Jogja Solo, komposisi pemegang                     of JMJ's shareholders is the Company at 49.15%, PT
    saham JMJ adalah Perusahaan sebesar 49,15%,                  Adhi Karya (Persero) Tbk at 47.18% and PT Daya
    PT Adhi Karya (Persero) Tbk sebesar 47,18% dan               Mulia Turangga at 3.67%.
    PT Daya Mulia Turangga sebesar 3,67%.

    Berdasarkan Akta No. 02 tanggal 1 Agustus 2023               Based on Deed No. 02 dated August 1, 2023 made
    yang dibuat di hadapan Notaris Ni Nyoman Rai                 before Notary Ni Nyoman Rai Sumawati S.H., M.Kn.,
    Sumawati S.H., M.Kn., yang telah mendapatkan                 which has received approval from the Minister of
    pengesahan Menteri Hukum dan Hak Asasi                       Law and Human Rights of the Republic of Indonesia
    Manusia Republik Indonesia No. AHU-AH.01.09-                 No. AHU-AH.01.09-0148518 dated August 7, 2023,
    0148518 tanggal 7 Agustus 2023, terdapat transaksi           there was a sale or transfer transaction of shares
    penjualan atau pengalihan saham milik PT                     belonging to PT Dayamulia Turangga to the
    Dayamulia    Turangga     kepada     Perusahaan              Company amounting to 54,060 shares so that the
    sebanyak 54.060 lembar saham sehingga                        composition of share ownership for the Company
    komposisi kepemilikan Perusahaan sebesar                     was Rp777,780 or 52.82%.
    Rp777.780 atau sebesar 52,82%.

    Berdasarkan akta nomor 04 tanggal 27 November                Based on deed number 04 dated November 27,
    2023 yang dibuat di hadapan Notaris Ni Nyoman                2023 made before Notary Ni Nyoman Rai Sumawati
    Rai Sumawati S.H., M.Kn., yang telah mendapatkan             S.H., M.Kn., which has received approval from the
    pengesahan Menteri Hukum dan Hak Asasi                       Minister of Law and Human Rights of the Republic of
    Manusia Republik Indonesia No. AHU-AH.01.03-                 Indonesia No. AHU-AH.01.03-0150356 dated
    0150356 tanggal 4 Desember 2023 terdapat                     December 4, 2023 there is an increase in capital
    peningkatan modal saham sebesar Rp350.000                    shares amounting to Rp350,000 which the Company
    yang diambil bagian oleh Perusahaan sebesar                  took part amounting to Rp184,867.
    Rp184.867.

    Pada tanggal 31 Desember 2023, Perusahaan                    As of December 31, 2023, the Company owns
    memiliki 962.647 lembar saham yang mewakili                  962,647 shares which represents 52.82% of
    kepemilikan sebesar 52,82%.                                  ownership.

                                                         90
Page 944
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI               DAN           10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                      VENTURE (continued)

    PT Citra Bhakti Margatama Persada (CBMP)                       PT Citra Bhakti Margatama Persada (CBMP)

    CBMP didirikan berdasarkan Akta Notaris                        CBMP was established based on the Notarial Deed
    No. 50, tanggal 11 Desember 1995, Siti Pertiwi                 No. 50, dated December 11, 1995, Siti Pertiwi Henny
    Henny Singgih, S.H. Penyertaan pada CBMP                       Singgih, S.H. The investment in CBMP was made in
    dilakukan sehubungan dengan penyelenggaraan                    relation to the construction and operation of JORR
    proyek jalan tol JORR Seksi E2 - E3 - N (Cikunir -             toll road Section E2 - E3 - N (Cikunir - Cakung -
    Cakung -Cilincing - Tanjung Priok) untuk jangka                Cilincing - Tanjung Priok) for period of 33
    waktu 33 tahun dan akan berakhir pada tahun 2028,              years and will be ending in 2028. The Company owns
    Perusahaan memiliki 56.787.000 lembar saham                    56,787,000 shares at par value of Rp1,000 (full
    dengan nilai nominal Rp1.000 (Rupiah penuh) per                Rupiah) per share or equivalent to Rp56,787
    lembar saham atau setara dengan Rp56.787 yang                  representing 34.83% of the total ownership.
    merupakan 34,83% dari total kepemilikan.

    Pembangunan jalan tol oleh CBMP dibiayai dari                  Toll road construction by CBMP was financed by
    fasilitas pinjaman sindikasi bank. Krisis ekonomi              loan facilities from a syndicated bank loan.
    telah menyebabkan ketidakpastian terhadap                      The economic crisis created an uncertainty about the
    kemampuan        CBMP       dalam    menyelesaikan             ability of CBMP to settle its liabilities at the maturity
    kewajibannya pada saat jatuh tempo dan dalam                   date and in using its loan facilities to finance the toll
    merealisasikan fasilitas pinjaman untuk pembiayaan             road construction progress. A restructuring
    jalan tol tahap konstruksi. Restrukturisasi yang               conducted by certain of CBMP’s creditors resulted to
    dilakukan terhadap sebagian dari kreditur CBMP                 the stoppage of toll road construction.
    telah mengakibatkan penghentian pelaksanaan
    pembangunan jalan tol.

    Adanya surat Perusahaan kepada CBMP                            The Company issued Letter No. AA.02.1009, dated
    No. AA.02.1009 tanggal 25 JuIi 2000 mengenai                   July 25, 2000, to CBMP regarding the termination of
    pengakhiran     PKP      No.    96    tanggal                  the Concession Agreement No. 96, dated
    16 Desember 1995 mengakibatkan penyertaan                      December 16, 1995.      As a consequence of this
    Perusahaan pada CBMP tidak memiliki nilai                      termination, the Company’s investment in CBMP has
    ekonomis,    Perusahaan   mengakui   kerugian                  no economic value, The Company has recognized
    penurunan nilai penyertaan saham pada CBMP                     loss on impairment of the investment shares of
    pada tahun 2000 sebesar Rp56.787.                              CBMP in 2000 amounting to Rp56,787.

    PT Citra Ganesha Marga Nusantara (CGMN)                        PT Citra Ganesha Marga Nusantara (CGMN)

    CGMN didirikan berdasarkan Akta Notaris No. 300,               CGMN was established based on the Notarial Deed
    tanggal 22 Desember 1993, Siti Pertiwi Henny                   No. 300, dated December 22, 1993, Siti Pertiwi
    Singgih, S.H., dalam Akta No. 67 tanggal 7 Juli 1994           Henny Singgih, S.H., in conjunction with the Deed
    dari Notaris Sri Laksmi Damayanti, S.H. Penyertaan             No. 67 dated July 7, 1994 of Notary Sri Laksmi
    pada CGMN dilakukan sehubungan dengan                          Damayanti, S.H. The investment in CGMN was
    penyelenggaraan proyek jalan tol Cikampek -                    made in relation to the construction and operation of
    Padalarang. Perusahaan memiliki 5.310 saham                    the Cikampek - Padalarang toll road project. The
    dengan nilai nominal Rp1.841 (Rupiah penuh) per                Company owned 5,310 shares at par value of
    lembar saham atau setara dengan Rp9.775 yang                   Rp1,841 (full Rupiah) per share or equivalent to
    merupakan 30% dari total kepemilikan.                          Rp9,775 representing 30% of the total ownership.




                                                           91
Page 945
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Citra Ganesha Marga Nusantara (CGMN)                      PT Citra Ganesha Marga Nusantara (CGMN)
    (lanjutan)                                                   (continued)

    Berdasarkan surat Menteri Pekerjaan Umum                     Based on the Decree of the Minister of Public Works
    Republik Indonesia No. KU.201-Mn/68 tanggal                  of the Republic of Indonesia No. KU.201-Mn/68
    4 Maret 1996 dan surat Menteri Keuangan Republik             dated March 4, 1996 and the Letter of the Minister of
    Indonesia      No.    1562/A/52/0496     tanggal             Finance     of    the    Republic     of   Indonesia
    18 April 1996, Perusahaan memperoleh pengalihan              No. 1562/A/52/0496 dated April 18, 1996, the
    Intelectual Property Rights (IPR) dalam bentuk               Company obtained a transfer of “Intelectual Property
    rancangan proyek jalan tol Cikampek - Padalarang             Rights (IPR)” in the form of project design of
    sebesar £4,700,000 (nilai penuh) atau setara                 Cikampek - Padalarang toll road amounting to
    dengan Rp16.914 sebagai Tambahan Modal Disetor               £4,700,000 (full amount) or equivalent to Rp16,914
    Pemerintah pada Perusahaan.                                  as additional paid-in capital from the Government to
                                                                 the Company.

    Selanjutnya, Perusahaan mengalihkan IPR tersebut             The Company then transferred the IPR to CGMN as
    kepada CGMN sebagai penyertaan saham                         an investment by the Company to CGMN. Based on
    Perusahaan di CGMN. Berdasarkan perjanjian                   the joint venture agreement between the Company
    usaha patungan antara Perusahaan dengan CGMN,                and CGMN, the IPR was valued at US$8,530.
    IPR tersebut dinilai setara dengan US$8,530.                 According to the decision during the Extraordinary
    Berdasarkan Keputusan Rapat Umum Pemegang                    General Meeting of Shareholders held by CGMN on
    Saham Luar Biasa CGMN tanggal 10 Juli 1998                   July 10, 1998 regarding the increase in paid up
    mengenai Peningkatan Modal Disetor, kepemilikan              capital, the Company owns 8,530 shares at par value
    saham pada CGMN sejumlah 8.530 lembar saham                  of US$8,530,000 (full amount) or equal to Rp16,914.
    dengan nilai nominal US$8,530,000 (nilai penuh)
    atau setara dengan Rp16.914.

    Berdasarkan surat Perusahaan kepada CGMN                     Based on the Company’s Letter No. AA.HK01.1273
    No. AA.HK01.1273 tanggal 25 Juli 2001 mengenai               to CGMN regarding termination of the Concession
    pengakhiran PKP No. 297 sebagai tindak lanjut dari           Agreement No. 297 dated July 25, 2001 as a follow
    Surat Keputusan Menteri Pemukiman dan                        up from the Decree of the Minister of Settlement and
    Prasarana     Wilayah     Republik      Indonesia            Regional Infrastructure of the Republic of Indonesia
    (Menkimpraswil) No. 417 tanggal 18 Juli 2001                 No. 417 dated July 18, 2001 regarding cancellation
    mengenai    pencabutan     Keputusan      Menteri            of the Decree of the Minister of Public Works of the
    Pekerjaan     Umum       Republik       Indonesia            Republic of Indonesia No. 321/KPTS/1994 dated
    No. 321/KPTS/1994, tanggal 24 Oktober 1994                   October 24,1994 regarding the Granting of license to
    mengenai     Pemberian    Izin    Kerja     Sama             Concession Agreement to the Company to operate
    Penyelenggaraan Jalan Tol Cikampek - Padalarang              the Cikampek - Padalarang toll road in the form of a
    kepada Perusahaan dalam bentuk usaha patungan                joint venture with CGMN. Due to such termination,
    dengan    CGMN      mengakibatkan     penyertaan             the investment in CGMN has no economic value.
    Perusahaan pada CGMN tidak memiliki nilai                    The Company recognized loss on the impairment of
    ekonomis.    Perusahaan    mengakui      kerugian            this investment in shares of CGMN in 2001
    penurunan nilai penyertaan saham pada CGMN                   amounting to Rp16,914.
    sebagai beban tahun 2001 sebesar Rp16.914.

    PT Bukaka Marga Utama (BMU)                                  PT Bukaka Marga Utama (BMU)

    BMU     didirikan berdasarkan   Akta   Notaris               BMU was established based on Notarial Deed
    No. 5 tanggal 17 Februari 1997, Sri Rahayu                   No. 5 dated February 17, 1997 Sri Rahayu Sedyono,
    Sedyono, S.H. Penyertaan pada BMU dilakukan                  S.H. The investment in BMU was made in relation to the
    sehubungan dengan penyelenggaraan proyek jalan               construction and operation of the Ciawi-Sukabumi toll
    tol Ciawi-Sukabumi. Perusahaan memiliki 4.000                road project. The Company owns 4,000 shares at par
    lembar saham dengan nilai nominal Rp2.359.000                value Rp2,359,000 (full Rupiah) per share or equivalent
    (Rupiah penuh) per lembar saham atau setara                  to Rp9,436 which represent 20% of the total ownership.
    dengan Rp9.436 yang merupakan 20% dari total
    kepemilikan.



                                                         92
Page 946
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI               DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                     VENTURE (continued)

    PT Bukaka Marga Utama (BMU) (lanjutan)                        PT Bukaka Marga Utama (BMU) (continued)

    Pemegang saham mayoritas BMU tidak dapat                      The majority shareholders of BMU could not give
    memberi kepastian atas pembangunan ruas jalan tol             assurance regarding the toll road development as
    yang telah disetujui sesuai dengan PKP.                       agreed under the Concession Agreement.

    Perusahaan mengakui kerugian penurunan nilai                  The Company recognized loss on impairment related to
    atas penyertaan saham pada BMU sebagai beban                  this investment in 2005 amounting to Rp9,436.
    tahun 2005 sebesar Rp9.436.

    PT PP Sinergi Banjaratma (PPSB)                               PT PP Sinergi Banjaratma (PPSB)

    PPSB didirikan berdasarkan Akta Notaris                       PPSB was established based on Notarial Deed
    No. 2 tanggal 7 Februari 2019, Ni Nyoman                      No. 2 dated February 7, 2019, Ni Nyoman Raisumawati,
    Raisumawati, S.H., M.Kn., di Jakarta dalam rangka             S.H., M.Kn., in Jakarta in the framework of the
    pengelolaan Rest Area KM 260 Brebes. Akta                     management of the Rest Area KM 260 Brebes. The Deed
    Pendirian disahkan oleh Menteri Hukum dan Hak                 of establishment was approved by the Minister of Law and
    Asasi Manusia Republik Indonesia dalam Surat                  Human Rights of the Republic of Indonesia in Decree
    Keputusan No. AHU 2460435.AH.01.01 tahun 2019                 No.     AHU     2460435.AH.01.01      of    2019      on
    tanggal 12 Oktober 2019.                                      October 12, 2019.

    JMRB, Entitas Anak, memiliki 126.849.230 lembar               JMRB, a Subsidiary, has 126,849,230 shares with a
    saham dengan nominal Rp100 per lembar saham                   nominal value of Rp100 per share or equivalent to
    atau setara dengan Rp12.685 dengan total                      Rp12,685 with a total stock of Rp63,425 or equal to 20%
    keseluruhan saham sebesar Rp63.425 atau setara                of share ownership as of December 31, 2023 and 2022.
    dengan 20% kepemilikan saham pada tanggal
    31 Desember 2023 dan 2022.

    PT Marga Lingkar Jakarta (MLJ)                                PT Marga Lingkar Jakarta (MLJ)

    MLJ didirikan berdasarkan Akta No. 26 Tanggal                 MLJ was established based on Deed No. 26 dated
    24 Agustus 2009 yang dibuat di hadapan Edi                    August 24, 2009 made before Edi Priyono, S.H.,
    Priyono, S.H., Notaris di Jakarta. Anggaran Dasar             Notary in Jakarta. The Company's Articles of
    Perusahaan telah disahkan oleh Menteri Hukum                  Association have been ratified by the Minister of Law
    dan Hak Asasi Manusia Republik Indonesia dengan               and Human Rights of the Republic of Indonesia with
    Surat Keputusan No. AHU-45700.AH.01.01 Tahun                  Decree No. AHU-45700. AH.01.01 Year 2009 dated
    2009 tanggal 15 September 2009.                               September 15, 2009.

    Berdasarkan Akta No. 3 dari Notaris Tatyana Indrati           Based on Deed No. 3 from Notary Tatyana Indrati
    Hasjim, S.H., di Jakarta mengenai penambahan                  Hasjim, S.H., in Jakarta regarding the addition of the
    jumlah modal ditempatkan dan disetor pada PT                  issued and paid-up capital in PT MLJ, the Company
    MLJ, Perusahaan memiliki 267.167.550 lembar                   has 267,167,550 shares or equivalent to 65% share
    saham atau setara dengan 65% kepemilikan saham                ownership and PT Jakarta Marga Jaya has
    dan PT Jakarta Marga Jaya memiliki 143.859.450                143,859,450 shares or equivalent to 35% share
    lembar saham atau setara dengan 35% kepemilikan               ownership issued by MLJ.
    saham yang diterbitkan oleh MLJ.




                                                          93
Page 947
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI               DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                     VENTURE (continued)

    PT Marga Lingkar Jakarta (MLJ) (lanjutan)                     PT Marga Lingkar Jakarta (MLJ) (continued)

    Pada tanggal 28 Juni 2021, Perusahaan melakukan               On June 28, 2021, the Company divested its share
    divestasi    kepemilikan   saham     pada     MLJ.            ownership in MLJ. Based on Notarial Deed No. 11
    Berdasarkan Akta Notaris No. 11 tanggal                       dated June 28, 2021, the Company reduced its
    28 Juni 2021, Perusahaan mengurangi kepemilikan               shareholding issued by MLJ to 334,420,770 shares
    saham yang diterbitkan oleh MLJ menjadi                       representing 51% of the total issued shares in MLJ.
    334.420.770 lembar saham yang mewakili 51% dari               Based on the deed, MLJ is jointly controlled between
    total seluruh saham yang telah diterbitkan di MLJ.            the Company and PT Jakarta Marga Jaya (JMJ)
    Berdasarkan akta tersebut, MLJ dikendalikan                   which causes the Company to lose control of MLJ so
    secara bersama antara Perusahaan dan PT Jakarta               that since June 28, 2021 the Company no longer
    Marga Jaya (JMJ) yang menyebabkan Perusahaan                  consolidates MLJ's financial statements into the
    kehilangan kendali atas MLJ sehingga sejak tanggal            Company's consolidated financial statements and
    28     Juni    2021    Perusahaan      tidak   lagi           records the investment in MLJ as an investment in a
    mengkonsolidasikan laporan keuangan MLJ ke                    joint venture.
    dalam laporan keuangan konsolidasian Perusahaan
    dan mencatat investasi di MLJ sebagai investasi
    pada ventura bersama.

    PT Jasamarga Pandaan Malang (JPM)                             PT Jasamarga Pandaan Malang (JPM)

    JPM didirikan pada tanggal 6 Juni 2016                        JPM was established on June 6, 2016 based on
    berdasarkan Akta Notaris Ni Nyoman Rai                        Notarial Deed Ni Nyoman Rai Sumawati, S.H.,
    Sumawati, S.H., No. 09. Anggaran dasar telah                  No. 09. The articles of association have obtained
    memperoleh pengesahan dari Menteri Hukum dan                  approval from the Minister of Law and Human Rights
    Hak    Asasi  Manusia   Republik    Indonesia,                of the Republic of Indonesia, as from the Decree
    sebagaimana dari surat Keputusan tertanggal                   dated June 8, 2016 No. AHU-0027731. AH.01.01
    8 Juni 2016 No. AHU-0027731.AH.01.01 Tahun                    Year 2016.
    2016.

    Berdasarkan Akta No. 4 tanggal 16 Maret 2020 dari             Based on Deed No. 4 dated March 16, 2020 from
    Notaris Dra.Ec. Inggriati Djojoseputro, S.H., di              Notary Dra.Ec. Inggriati Djojoseputro, S.H., in
    Surabaya mengenai penambahan jumlah modal                     Surabaya regarding the addition of the issued and
    ditempatkan dan disetor pada JPM, Perusahaan                  paid-up capital in JPM, the Company has 1,066,788
    memiliki 1.066.788 lembar saham atau setara                   shares or equivalent to 60% share ownership,
    dengan       60%       kepemilikan        saham,              PT Pembangunan Perumahan (Persero) Tbk has
    PT Pembangunan Perumahan (Persero) Tbk                        622,293 shares or equivalent to 35% share
    memiliki 622.293 lembar saham atau setara dengan              ownership, and PT Sarana Multi Infrastruktur
    35% kepemilikan saham, dan PT Sarana Multi                    (Persero) has 88,899 shares or equivalent to 5%
    Infrastruktur (Persero) memiliki 88.899 lembar                share ownership issued by JPM.
    saham atau setara dengan 5% kepemilikan saham
    yang diterbitkan oleh JPM.




                                                          94
Page 948
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI                DAN           10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                       VENTURE (continued)

    PT Jasamarga Pandaan Malang (JPM) (lanjutan)                    PT    Jasamarga      Pandaan       Malang      (JPM)
                                                                    (continued)

    Pada tanggal 30 Desember 2021, Perusahaan                       On December 30, 2021, the Company divested its
    melakukan divestasi kepemilikan saham pada JPM.                 share ownership in JPM. Based on Notarial Deed
    Berdasarkan Akta Notaris No. 16 tanggal                         No. 16 dated December 30, 2021, the Company
    30 Desember 2021, Perusahaan mengurangi                         reduced its shareholding issued by JPM to 906,770
    kepemilikan saham yang diterbitkan oleh JPM                     shares representing 51% of the total issued shares in
    menjadi 906.770 lembar saham yang mewakili 51%                  JPM. Based on this deed, JPM is jointly controlled
    dari total seluruh saham yang telah diterbitkan di              between the Company and PT Astra Tol Nusantara
    JPM. Berdasarkan akta tersebut, JPM dikendalikan                which causes the Company to lose control of JPM so
    secara bersama antara Perusahaan dan PT Astra                   that since December 30, 2021, the Company no
    Tol Nusantara yang menyebabkan Perusahaan                       longer consolidates JPM's financial statements into
    kehilangan kendali atas JPM sehingga sejak                      the Company's consolidated financial statements
    tanggal 30 Desember 2021, Perusahaan tidak lagi                 and records the investment in JPM as an investment
    mengkonsolidasikan laporan keuangan JPM ke                      in a joint venture.
    dalam laporan keuangan konsolidasian Perusahaan
    dan mencatat investasi di JPM sebagai investasi
    pada ventura bersama.

    Berdasarkan Akta Pemisahan Divisi Regional                      Based on the Deed of Separation of the Jasamarga
    Jasamarga Transjawa Tollroad oleh Perusahaan                    Transjawa Tollroad Regional Division by the
    kepada JTT tanggal 1 Juli 2022 oleh Notaris                     Company to JTT dated July 1, 2022 by Notary
    Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,                 Ir. Nanette Cahyanie Handari Adi Warsito, S.H., the
    Perusahaan telah melakukan pemisahan usaha                      Company has carried out a business separation by
    dengan     mengalihkan   seluruh     kepemilikan                transferring all the Company’s ownership in JPM of
    Perusahaan pada JPM sebesar 51% kepemilikan                     51% share ownership to JTT. JPM is jointly
    saham kepada JTT. JPM dikendalikan secara                       controlled between JTT and PT Astra Tol Nusantara.
    bersama antara JTT dan PT Astra Tol Nusantara.

    PT Jasamarga Gedebage Cilacap (JGC)                             PT Jasamarga Gedebage Cilacap (JGC)

    JGC didirikan berdasarkan Akta Notaris No. 08                   JGC was established based on Notarial Deed
    tanggal 28 Januari 2022 dibuat oleh Ni Nyoman Rai               No. 08 dated January 28, 2022 of Ni Nyoman Rai
    Sumawati, S.H., M.Kn., dan disahkan oleh Menteri                Sumawati, S.H., M.Kn., and authorized by The
    Hukum dan Hak Asasi Manusia Republik Indonesia                  Ministry of Law and Human Rights in its Decision
    dengan Surat Keputusan AHU-007369.AH.01.01                      Letter     No.    AHU-007369.AH.01.01       dated
    tanggal 29 Januari 2022, dalam rangka                           January 29, 2022, aimed to develop the concession
    melaksanakan pengusahaan ruas jalan tol                         of the Gedebage-Tasikmalaya-Cilacap toll road
    Gedebage-Tasikmalaya-Cilacap.                                   section.

    Berdasarkan surat BPJT Nomor BM.08-P/69.2                       Based on the letter Number BM.08-P/69.2 dated
    tanggal 14 Februari 2022, menyatakan bahwa JGC                  February 14, 2022 by BPJT, JGC committed default
    melakukan cidera janji dengan gagal menyerahkan                 by failing to submit the implementation guarantee as
    jaminan pelaksanaan sesuai yang dipersyaratkan                  required in the PPJT. After the deadline for the
    dalam PPJT. Setelah tenggat waktu masa perbaikan                default period has passed, JGC remains unable to
    cidera janji telah terlewati, JGC tetap tidak sanggup           provide guarantees of implementation. Therefore,
    untuk menyediakan jaminan pelaksanaan. Atas                     the Company considers that JGC has no economic
    dasar hal tersebut, Perusahaan berkeyakinan                     value.
    bahwa JGC tidak memiliki nilai ekonomis.




                                                            95
Page 949
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

10. INVESTASI PADA ENTITAS ASOSIASI              DAN          10. INVESTMENT IN ASSOCIATES AND JOINT
    VENTURA BERSAMA (lanjutan)                                    VENTURE (continued)

    PT Jasamarga         Gedebage      Cilacap   (JGC)           PT Jasamarga         Gedebage        Cilacap     (JGC)
    (lanjutan)                                                   (continued)

    Perusahaan memiliki 19.811 lembar saham dengan               The Company owns 19,811 shares at par value of
    nilai nominal Rp100.000 (Rupiah penuh) per lembar            Rp100,000 (full Rupiah) per share or equivalent to
    saham atau setara dengan Rp1.981 yang                        Rp1,981 which represent 32.5% of the total ownership.
    merupakan 32,5% dari total           kepemilikan.            The company acknowledged the loss of impairment
    Perusahaan mengakui kerugian penurunan nilai                 of shares in JGC as an expense at the end of 2022
    penyertaan saham pada JGC sebagai beban akhir                of Rp52,975.
    tahun 2022 sebesar Rp52.975.

    PT Jasamarga Jalanlayang Cikampek (JJC)                      PT Jasamarga Jalanlayang Cikampek (JJC)

    JJC didirikan pada tanggal 24 November 2016                  JJC was established on November 24, 2016 based on
    berdasarkan Akta No. 13 dibuat di hadapan Notaris            Deed No. 13 made before Notary Ni Nyoman Rai
    Ni Nyoman Rai Sumawati, S.H., M.Kn., di Jakarta.             Sumawati, S.H., M.Kn., in Jakarta. The articles of
    Anggaran dasar telah memperoleh pengesahan dari              association have obtained approval from the Minister of
    Menteri Hukum dan Hak Asasi Manusia Republik                 Law and Human Rights of the Republic of Indonesia, as
    Indonesia, sebagaimana dari surat Keputusan                  from the Decree dated November 28, 2016
    tanggal    28   November     2016    No.   AHU-              No. AHU-0052873. AH.01.01 of 2016.
    0052873.AH.01.01 tahun 2016.

    Berdasarkan Akta No. 5 tanggal 31 Desember 2021              Based on Deed No. 5 dated December 31, 2021 from
    dari Notaris Mira Aranti Ciptadi, S.H., M.Kn., di            Notary Mira Aranti Ciptadi, S.H., M.Kn., in Karawang
    Karawang mengenai penambahan jumlah modal                    regarding the addition of the issued and paid-up capital
    ditempatkan dan disetor pada JJC, Perusahaan                 in JJC, the Company has 4,531,556 shares or
    memiliki 4.531.556 lembar saham atau setara                  equivalent to 80% share ownership, and PT Ranggi
    dengan 80% kepemilikan saham, dan PT Ranggi                  Sugironperkasa has 1,132,889 shares or equivalent to
    Sugironperkasa memiliki 1.132.889 lembar saham               20% share ownership issued by JJC.
    atau setara dengan 20% kepemilikan saham yang
    diterbitkan oleh JJC.

    Berdasarkan Akta No. 1 tanggal 1 Juli 2022 dari              Based on Deed No. 1 dated July 1, 2022 from Notary
    Notaris Mudita Chitta Odang, S.H., M.Kn., terkait            Mudita Chitta Odang, S.H., M.Kn., regarding the
    pengalihan saham dalam JJC yang dimiliki oleh                transfer of shares JJC owned by the Company to JTT
    Perusahaan kepada JTT sebesar 2.265.778 lembar               in the amount of 2,265,778 shares or equivalent to 40%
    saham atau setara dengan 40% kepemilikan saham               share ownership issued by JJC.
    yang diterbitkan oleh JJC.

    Pada tanggal 10 Oktober 2022, Perusahaan                     On October 10, 2022, the Company divested its share
    melakukan divestasi kepemilikan saham pada JJC.              ownership in JJC. Based on Notarial Deed No. 2 dated
    Berdasarkan Akta Notaris No. 2 tanggal                       October 10, 2022, the Company sold its entire
    10 Oktober 2022, Perusahaan melakukan penjualan              ownership of 2,265,778 shares or equivalent to 40%
    atas seluruh kepemilikan 2.265.778 lembar saham              share ownership issued by JJC. The Company no
    atau setara dengan 40% kepemilikan saham yang                longer consolidates JJC's financial statements into the
    diterbitkan oleh JJC. Perusahaan tidak lagi                  Company’s consolidated financial statements.
    mengkonsolidasikan laporan keuangan JJC ke
    dalam      laporan    keuangan      konsolidasian
    Perusahaan.




                                                         96
Page 950
PT JASA MARGA (PERSERO) Tbk                                                                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                           unless otherwise stated)

11. ASET TETAP                                                                                    11. FIXED ASSETS

    Rincian aset tetap adalah sebagai berikut:                                                               The details of fixed assets are as follows:
                                                                                           2023
                                                               Penambahan
                                                                  dari efek
                                                              Kombinasi Bisnis/
                                                                 Addition of
                                           Saldo Awal/           Business       Penambahan/ Pengurangan/                   Reklasifikasi/            Saldo Akhir/
                                           Beginning            Combination      Additions      Deduction                 Reclassification          Ending Balance
     Harga Perolehan                        Balance                                                                                                                                       Acquisition Cost
     Aset Tetap Pemilikan Langsung                                                                                                                                                 Direct Acquisition Assets
       Hak atas Tanah                               43.483               2.672                -                     -                           -             46.155                          Land Rights
       Gedung Kantor dan Bangunan Lain              82.740              22.990          31.222                 4.048                  38.198                 171.102           Office and Other Buildings
       Peralatan Operasi dan Kantor                585.814              13.365          30.937                 5.779                   3.547                 627.884    Operational and Office Equipment
       Kendaraan Bermotor                           87.644                 18              276                      -                           -             87.938                             Vehicles
       Sub Total                                   799.681              39.045          62.435                 9.827                  41.745                 933.079                            Sub Total

     Aset Tetap dalam Konstruksi                    18.737                      -       14.989                      -                 (12.291)                21.435               Construction in Progress
     Aset Hak Guna                                                                                                                                                                      Right of Use Assets
       Kendaraan Bermotor                          197.663              15.432          72.582                 4.583                   (1.737)               279.357                             Vehicles
       Gedung Kantor dan Bangunan Lain                7.207             21.417           1.947                  190                    1.737                  32.118            Office and Other Buildings
       Peralatan Operasi dan Kantor                 19.442                  22           30.673                     -                           -             50.137    Operational and Office Equipment
       Sub Total                                   224.312              36.871          105.202                4.773                            -            361.612                            Sub Total
     Total Harga Perolehan                        1.042.730             75.916          182.626               14.600                  29.454               1.316.126                  Total Acquisition Cost

     Akumulasi Penyusutan                                                                                                                                                       Accumulated Depreciation
     Aset Tetap Pemilikan Langsung                                                                                                                                                Direct Acquisition Assets
       Gedung Kantor dan Bangunan Lain              21.024               4.901           8.521                 3.671                   8.063                  38.838           Offiice and Other Buildings
       Peralatan Operasi dan Kantor                475.452              13.938          33.478                 5.779                       (910)             516.179    Operational and Office Equipment
       Kendaraan Bermotor                           79.514                  14           2.804                      -                          -              82.332                             Vehicles
       Sub Total                                   575.990              18.853          44.803                 9.450                       7.153             637.349                            Sub Total
     Aset Hak Guna                                                                                                                                                                      Right of Use Assets
       Kendaraan Bermotor                           90.498               4.602          66.564                 4.583                   (1.685)               155.396                             Vehicles
       Gedung Kantor dan Bangunan Lain                5.539             18.328           3.167                  190                    1.685                  28.529           Office and Other Buildings
       Peralatan Operasi dan Kantor                  9.987                  22          10.442                      -                           -             20.451    Operational and Office Equipment
       Sub Total                                   106.024              22.952          80.173                 4.773                            -            204.376                            Sub Total

     Total Akumulasi Penyusutan                    682.014              41.805          124.976               14.223                       7.153             841.725       Total Accumulated Depreciations
     Nilai Tercatat                                360.716                                                                                                   474.401                      Carrying Amount



                                                                                              2022
                                            Saldo Awal/           Penambahan/           Pengurangan/                     Reklasifikasi/               Saldo Akhir/
                                         Beginning Balance          Addition              Deduction                     Reclassification             Ending Balance
     Harga Perolehan                                                                                                                                                                      Acquisition Cost
     Aset Tetap Pemilikan Langsung                                                                                                                                                 Direct Acquisition Assets
       Hak atas Tanah                               43.483                          -                    -                                  -                  43.483                         Land Rights
       Gedung Kantor dan Bangunan Lain              76.572                 4.883                     1.462                          2.747                      82.740           Office and Other Buildings
       Peralatan Operasi dan Kantor                543.308                15.097                  15.833                           43.242                     585.814    Operational and Office Equipment
       Kendaraan Bermotor                           91.009                 4.571                     9.546                          1.610                      87.644                             Vehicles
       Sub Total                                   754.372                24.551                  26.841                           47.599                     799.681                            Sub Total

     Aset Tetap dalam Konstruksi                    64.698                18.770                         -                         (64.731)                    18.737               Construction in Progress
     Aset Hak Guna                                                                                                                                                                      Right-of-Use Assets
       Kendaraan Bermotor                          180.435                70.496                  48.290                            (4.977)                   197.664                             Vehicles
       Gedung Kantor dan Bangunan Lain                1.653                 402                          -                           5.152                      7.207           Office and Other Buildings
       Peralatan Operasi dan Kantor                 30.668                 4.951                  15.800                             (377)                     19.442    Operational and Office Equipment
       Sub Total                                   212.756                75.849                  64.090                             (202)                    224.313                            Sub Total
     Total Harga Perolehan                        1.031.826              119.170                  90.931                           (17.334)                 1.042.731                 Total Acquisition Cost

     Akumulasi Penyusutan                                                                                                                                                        Accumulated Depreciation
     Aset Tetap Pemilikan Langsung                                                                                                                                                  Direct Acquisition Assets
       Gedung Kantor dan Bangunan Lain              17.265                 3.842                       55                              (28)                    21.024           Offiice and Other Buildings
       Peralatan Operasi dan Kantor                386.240               103.270                  15.086                             1.028                    475.452    Operational and Office Equipment
       Kendaraan Bermotor                           82.907                 4.456                     4.776                         (3.073)                     79.514                             Vehicles
       Sub Total                                   486.412               111.568                  19.917                            (2.073)                   575.990                            Sub Total
     Aset Hak Guna                                                                                                                                                                       Right of Use Assets
       Kendaraan Bermotor                           79.397                60.116                  45.886                            (3.128)                    90.499                            Vehicles
       Gedung Kantor dan Bangunan Lain                1.210                1.232                         -                           3.097                      5.539           Office and Other Buildings
       Peralatan Operasi dan Kantor                 19.199                 6.714                  15.800                             (126)                      9.987   Operational and Office Equipment
       Sub Total                                    99.806                68.062                  61.686                             (157)                    106.025                           Sub Total

     Total Akumulasi Penyusutan                    586.218               179.630                  81.603                            (2.230)                   682.015      Total Accumulated Depreciations
     Nilai Tercatat                                 445.608                                                                                                   360.716                      Carrying Amount




                                                                                         97
Page 951
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

11. ASET TETAP (lanjutan)                                               11. FIXED ASSETS (continued)

    Beban penyusutan aset tetap dialokasikan sebagai                        Depreciation of fixed assets are allocated as follows:
    berikut:

                                                       2023                   2022
    Beban tol dan usaha lainnya (Catatan 38)                   56.752                102.373     Toll and other operating expenses (Note 38)
    Beban umum dan administrasi (Catatan 39)                   68.224                 77.257   General and administrative expenses (Note 39)
    Total                                                     124.976                179.630                                          Total


    Kelompok Usaha telah mengasuransikan aset                              The Group’s fixed assets and certain assets in toll
    tetapnya dan beberapa aset tertentu pada aset hak                      road concession right are insured against fire and
    pengusahaan jalan tol terhadap risiko kebakaran                        other risks with related parties: PT Asuransi Jasa
    dan risiko lainnya kepada pihak berelasi:                              Indonesia (Persero), PT Jasa Raharja Putra and
    PT Asuransi Jasa Indonesia (Persero), PT Jasa                          third parties: PT Asuransi Staco Mandiri,
    Raharja Putra dan pihak ketiga: PT Asuransi Staco                      PT Asuransi Mega Pratama, PT Asuransi Bringin
    Mandiri, PT Asuransi Mega Pratama, PT Asuransi                         Sejahtera, PT Asuransi Bumiputera Muda with total
    Bringin Sejahtera, PT Asuransi Bumiputera Muda                         coverage amounting to Rp2,634,773 as of
    dengan total nilai pertanggungan sebesar                               December 31, 2023 and Rp2,749,014 as of
    Rp2.634.773 pada tanggal 31 Desember 2023 dan                          December 31, 2022. Management of the Group
    Rp2.749.014 pada 31 Desember 2022. Manajemen                           believes that the coverage is adequate to cover
    Kelompok Usaha berpendapat bahwa nilai                                 possible losses arising from such risks.
    pertanggungannya      cukup     untuk     menutup
    kemungkinan kerugian atas risiko tersebut.

    Nilai perolehan aset tetap yang sudah disusutkan                       Acquistion cost of fixed assets that are fully
    penuh namun masih digunakan adalah Rp352.029                           depreciation but still used is amounted to Rp352,029
    pada      tanggal     31     Desember    2023  dan                     as of December 31, 2023 and Rp349,557 as of
    Rp349.557 pada 31 Desember 2022. Tidak ada                             December 31, 2022. There is no significant
    perbedaan yang signifikan antara nilai wajar dan                       difference between the fair value and carrying value
    nilai tercatat dari aset tetap Kelompok Usaha.                         of the Group’s fixed assets.

    Nilai aset tetap dalam konstruksi yang direklasifikasi                 The value of fixed assets in construction that were
    senilai Rp12.291 di tahun 2023 sebagian besar                          reclassified worth Rp12,291 in 2023 was mostly
    direklasifikasi ke aset tetap peralatan operasi dan                    reclassified to fixed assets of operating and office
    kantor sebesar Rp2.798 dan aset takberwujud lain                       equipment of Rp2,798 and other intangible asset
    Rp9.493.                                                               Rp9,493.

    Manajemen Kelompok Usaha berkeyakinan bahwa,                           The Group’s Management believe that, there are no
    tidak ada kejadian-kejadian atau perubahan-                            events or changes in circumstances that indicate any
    perubahan keadaan yang mengindikasikan adanya                          impairment in the value of fixed assets as of
    penurunan nilai aset tetap pada tanggal                                December 31, 2023 and 2022, respectively.
    31 Desember 2023 dan 2022.

    Pada tahun 2022, Perusahaan melakukan divestasi                        In 2022, the Company divested JJC, thereby
    JJC sehingga menghentikan pengakuan aset dan                           stopping the recognition of assets and liabilities of its
    liabilitas entitas anak terdahulu. Aset tetap JJC yang                 previous subsidiaries. JJC's fixed assets were
    dihentikan pengakuannya, dengan nilai tercatat                         discontinued, with a recorded value of Rp1,876.
    sebesar Rp1.876.

    Pada     tanggal   31     Desember      2023     dan                   On December 31, 2023 and 2022, there are not
    2022, tidak terdapat aset yang dibatasi hak miliknya                   assets to restricted due to loan.
    akibat utang.




                                                               98
Page 952
PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                      unless otherwise stated)

11. ASET TETAP (lanjutan)                                                        11. FIXED ASSETS (continued)

    Aset Tetap dalam Konstruksi adalah peralatan Tol                                      Fixed Assets under Construction are Toll road
    yang masih dalam progres implementasi, dan                                            equipment that is still in the progress of
    pekerjaan tambah lingkup dan renovasi dari aset                                       implementation, and increase the scope and
    Gedung dan bangunan milik Perusahaan, JTT,                                            renovation of building and building assets own by the
    JMTO, JMTM, dan JMRB.                                                                 Company, JTT, JMTO, JMTM, and JMRB.

    Persentase penyelesaian Aset Tetap dalam                                              Percentage completion of the Fixed Assets under
    Konstruksi per tanggal 31 Desember 2023 antara                                        Construction as of December 31, 2023 such as
    lain Perusahaan 95%, JMRB 96%, JMTM 80%,                                              Company 95%, JMRB 96%, JMTM 80%, JMTO 95%
    JMTO 95% dan JTT 95%. Tidak terdapat hambatan                                         and JTT 95%. There are no obstacles in completing
    dalam penyelesaian Aset Tetap dalam Konstruksi                                        the construction of the fixed assets.
    tersebut.

    Pada 2023, Perusahaan melakukan pengurangan                                           In 2023, the Company reduce the assets of motor
    atas aset hak guna kendaraan bermotor yang telah                                      vehicle use rights that have expired their contracts.
    habis masa kontraknya.

    Reklasifikasi       aset         tetap   dialokasikan     sebagai                     Reclassification of fixed assets are allocated as
    berikut:                                                                              follows:

                                                                             2023
                                                  Sebelum/               Reklasifikasi/               Sesudah/
    Harga Perolehan                                Before               Reclassification               After                               Acquisition Cost
    Aset tetap - neto                                    1.286.672                    29.454                   1.316.126                    Fixed asset - net
    Properti investasi - neto                              763.026                    (1.722)                    858.426           Investment properties - net
    Aset takberwujud - neto                                                                                                            Intangible assets - net
         Hak pengusahaan jalan tol                    128.749.051                   (38.054)              128.710.997          Toll road concession rights
         Lainnya                                          475.002                     10.322                  485.324                              Others
    Subtotal                                          131.273.751                             -           131.370.873                               Subtotal

    Akumulasi Penyusutan                                                                                                         Accumulated Depreciation
    Aset tetap - neto                                       834.572                       7.153                 841.725                     Fixed asset - net
    Aset takberwujud - neto                                                                                                            Intangible assets - net
         Hak pengusahaan jalan tol                     17.472.694                     (7.991)              17.464.703          Toll road concession rights
         Lainnya                                          374.913                         838                 375.751                              Others
    Subtotal                                           18.682.179                             -            18.682.179                               Subtotal
    Total                                             112.591.572                             -           112.688.694                                  Total


                                                                             2022
                                                  Sebelum/               Reklasifikasi/               Sesudah/
    Harga Perolehan                                Before               Reclassification               After                               Acquisition Cost
    Aset tetap - neto                                    1.060.064                   (17.334)                  1.042.730                    Fixed asset - net
    Properti investasi - neto                              681.337                      (329)                    681.008           Investment properties - net
    Aset takberwujud - neto                                                                                                            Intangible assets - net
         Hak pengusahaan jalan tol                     80.292.074                    276.872               80.568.946          Toll road concession rights
         Lainnya                                          661.169                  (259.209)                  401.960                              Others
    Subtotal                                           82.694.644                             -            82.694.644                               Subtotal

    Akumulasi Penyusutan                                                                                                        Accumulated Depreciation
    Aset tetap - neto                                       684.244                   (2.230)                   682.014                   Fixed asset - net
    Aset takberwujud - neto                                                                                                          Intangible assets - net
         Lainnya                                            318.656                       2.230                 320.886                          Others
    Subtotal                                            1.002.900                             -             1.002.900                               Subtotal
    Total                                              81.691.744                             -            81.691.744                                  Total




                                                                          99
Page 953
PT JASA MARGA (PERSERO) Tbk                                                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                      unless otherwise stated)

12. PROPERTI INVESTASI                                                                       12. INVESTMENT PROPERTIES

    Akun ini merupakan properti investasi yang dimiliki                                           This account represents investment properties
    oleh JMRB, entitas anak.                                                                      owned by JMRB, a subsidiary.

                                                                                       2023
                                Saldo Awal/             Penambahan/                Pengurangan/          Reklasifikasi/              Saldo Akhir/
                             Beginning Balance           Additions                  Deduction           Reclassification            Ending Balance
    Biaya Perolehan                                                                                                                                                     At cost
      Properti Investasi                681.008                     227.701                   48.561                   (1.722)               858.426     Investment properties
    Akumulasi Penyusutan                                                                                                                                          Accumulated
      Properti Investasi                 76.719                      30.150                                               -                  106.869     Investmentdepreciation
                                                                                                                                                                    properties
    Nilai Tercatat                      604.289                                                                                              751.557           Carrying Amount


                                                                                       2022
                                Saldo Awal/             Penambahan/                Pengurangan/          Reklasifikasi/              Saldo Akhir/
                             Beginning Balance           Additions                  Deduction           Reclassification            Ending Balance
     Biaya Perolehan                                                                                                                                                    At cost
       Properti Investasi               482.699                     207.484                    8.846                    (329)                681.008     Investment properties
     Akumulasi Penyusutan                                                                                                                                         Accumulated
       Properti Investasi                57.678                      20.285                    1.244                       -                  76.719     Investmentdepreciation
                                                                                                                                                                    properties
     Nilai Tercatat                     425.021                                                                                              604.289           Carrying Amount



    Properti investasi terutama merupakan investasi                                               Investment properties represent investment in rest
    pada bangunan tempat peristirahatan dan                                                       area building, and properties in Klungkung and
    pelayanan, dan properti di Klungkung dan Manado.                                              Manado. These investment properties are rented to
    Properti investasi tersebut disewakan ke pihak                                                third parties.
    ketiga.

    Penyusutan sebesar Rp30.150 dan Rp20.285                                                      Depreciation amounting to Rp30,150 and Rp20,285,
    masing-masing untuk tahun-tahun yang berakhir                                                 respectively for the years ended December 31, 2023
    pada tanggal 31 Desember 2023 dan 2022                                                        and 2022 was charged to toll and other operating
    dibebankan pada akun beban tol dan usaha lainnya                                              expenses (Note 38).
    (Catatan 38).

    Pendapatan sewa dan pendapatan properti                                                       Revenues from rental and investment properties
    investasi yang diakui pada laba rugi untuk tahun-                                             recognized in profit or loss for the years ended
    tahun      yang     berakhir    pada      tanggal                                             December 31, 2023 and 2022 are amounting to
    31 Desember 2023 dan 2022 adalah masing-masing                                                Rp233,571 and Rp225,463 (Note 36), respectively.
    sebesar Rp233.571 dan Rp225.463 (Catatan 36).


13. HAK PENGUSAHAAN JALAN TOL                                                                13. TOLL ROAD CONCESSION RIGHTS

    Rincian hak pengusahaan jalan tol adalah sebagai                                              The detail of toll road concession rights are as
    berikut:                                                                                      follows:

                                                                                      2023
                                                 Penambahan
                                                    dari efek
                                                Kombinasi Bisnis/
                                                   Addition of
                             Saldo Awal/           Business            Penambahan/           Pengurangan/        Reklasifikasi/       Saldo Akhir/
                             Beginning            Combination           Additions             Deduction         Reclassification     Ending Balance
                              Balance
    Biaya Perolehan             80.568.946             39.819.882             8.360.223                     -            (38.054)        128.710.997            Acquisition Cost
    Akumulasi Amortisasi        13.589.284              1.847.464             2.035.946                     -             (7.991)         17.464.703    Accumulated Amortization
    Nilai Tercatat               66.979.662                                                                                              111.246.294           Carrying Amount


                                                                                      2022
                               Saldo Awal/            Penambahan/                  Pengurangan/          Reklasifikasi/              Saldo Akhir/
                            Beginning Balance          Additions                    Deduction           Reclassification            Ending Balance

    Biaya Perolehan                 91.541.016                4.485.229                   15.734.171                 276.872               80.568.946           Acquisition Cost
    Akumulasi Amortisasi            11.896.696                2.248.623                      556.035                       -               13.589.284   Accumulated Amortization
    Nilai Tercatat                  79.644.320                                                                                             66.979.662          Carrying Amount




                                                                                  100
Page 954
PT JASA MARGA (PERSERO) Tbk                                                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                 unless otherwise stated)

13. HAK PENGUSAHAAN JALAN TOL (lanjutan)                                                       13. TOLL ROAD CONCESSION RIGHTS (continued)
    Aset hak pengusahaan jalan tol merupakan hak                                                       Toll road concession are rights are granted by
    konsesi dari Pemerintah Republik Indonesia berupa                                                  the Government of Indonesia in the form of toll road
    pengusahaan jalan tol yang diberikan kepada                                                        concessions to the Group.
    Kelompok Usaha.
    Beban amortisasi hak pengusahaan jalan tol untuk                                                   Amortization of toll road concession rights for
    tahun-tahun    yang   berakhir    pada    tanggal                                                  the years then ended December 31, 2023 and 2022
    31 Desember 2023 dan 2022 masing-masing                                                            amounting to Rp2.035.946 and Rp2,248,623
    sebesar Rp2.035.946 dan Rp2.248.623 dan                                                            respectively and charged to toll and other operating
    dibebankan sebagai bagian dari beban tol dan                                                       expenses for the toll road section that already
    usaha lainnya untuk ruas jalan tol yang sudah                                                      operated (Note 38).
    beroperasi secara komersial (Catatan 38).
    Selama tahun 2023 dan 2022, biaya pinjaman yang                                                    During 2023 and 2022, borrowing cost capitalized to
    dikapitalisasi ke dalam hak pengusahaan jalan tol -                                                toll road concession rights - concession assets in
    aset konsesi dalam penyelesaian adalah masing-                                                     progress is amounting to Rp441,296 and
    masing sebesar Rp441.296 dan Rp347.247.                                                            Rp347,247, respectively.
    Pada tahun 2022, Perusahaan melakukan divestasi                                                    In 2022, the Company divested JJC, thereby
    JJC sehingga menghentikan pengakuan aset dan                                                       stopping the recognition of assets and liabilities of its
    liabilitas entitas anak terdahulu. Aset hak                                                        previous subsidiaries. The assets of JJC toll road
    pengusahaan jalan tol JJC yang dihentikan                                                          concession rights that were terminated were
    pengakuannya sebesar Rp15.178.136.                                                                 recognized as Rp15,178,136.
    Beberapa hak penguasaaan jalan tol pada entitas                                                    Toll road concession rights in subsidiaries are bound
    anak terikat sebagai jaminan kepada bank, Dimana                                                   as collateral to the bank, in which there is power for
    didalamnya terdapat kuasa kepada bank untuk                                                        the bank to withdraw the right to operate and appoint
    menarik hak pengusahaan dan menunjuk pihak                                                         a third party as the toll road operator to implement
    ketiga sebagai operator jalan tol untuk                                                            the related PPJT (Note 23).
    melaksanakan PPJT terkait (Catatan 23).

14. ASET TAKBERWUJUD LAINNYA                                                                   14. OTHER INTANGIBLE ASSETS
    Rincian aset takberwujud lainnya adalah sebagai                                                    Details of other intangible assets are as follows:
    berikut:
                                                                                            2023
                                                      Penambahan
                                                         dari efek
                                                     Kombinasi Bisnis/
                                                        Addition of
                                 Saldo Awal/            Business              Penambahan/          Pengurangan/           Reklasifikasi/          Saldo Akhir/
                              Beginning Balance        Combination             Additions            Deduction            Reclassification        Ending Balance
     Biaya Perolehan                                                                                                                                                                    Cost
       Perangkat Lunak                  401.960                   5.329               67.713                       -                 10.322               485.324                  Software
     Jumlah Harga Perolehan             401.960                   5.329               67.713                       -                 10.322               485.324                   Total Cost
     Akumulasi Amortisasi                                                                                                                                           Accumulated Amotization
       Perangkat Lunak                  320.886                   5.096               48.931                       -                     838              375.751                  Software
     Nilai Tercatat                      81.074                                                                                                           109.573           Carrying Amount


                                                                                          2022
                                  Saldo Awal/               Penambahan/               Pengurangan/                 Reklasifikasi/               Saldo Akhir/
                               Beginning Balance             Additions                 Deduction                  Reclassification             Ending Balance

     Biaya Perolehan                                                                                                                                                                    Cost
       Aset Konsesi                                                                                                                                                       Pre-Construction
         Pra Konstruksi                    262.846                             -                       -                     (262.846)                         -       Concession Assets
       Perangkat Lunak                     338.532                        60.078                     287                        3.637                    401.960                  Software
     Jumlah Harga Perolehan                601.378                        60.078                     287                     (259.209)                   401.960                   Total Cost
     Akumulasi Amortisasi                                                                                                                                           Accumulated Amotization
       Perangkat Lunak                     277.018                        41.660                      22                        2.230                    320.886                  Software
     Nilai Tercatat                        324.360                                                                                                        81.074            Carrying Amount


    Beban amortisasi aset takberwujud lainnya sebesar                                                  Amortization expense for other intangible assets
    Rp48.931 dan Rp41.660 masing-masing untuk                                                          amounting to Rp48,931 and Rp41,660 for the years
    tahun-tahun   yang     berakhir   pada     tanggal                                                 ended December 31, 2023 and 2022, were charged
    31 Desember 2023 dan 2022 dibebankan pada                                                          to general and administrative expenses, respectively
    akun beban umum dan administrasi (Catatan 39).                                                     (Note 39).


                                                                                      101
Page 955
PT JASA MARGA (PERSERO) Tbk                                                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                         unless otherwise stated)

15. GOODWILL                                                                                   15. GOODWILL

    Saldo goodwill merupakan selisih antara nilai wajar                                               The balance of goodwill consists of the difference
    aset neto Perusahaan yang diakuisisi dari pihak                                                   between fair value of net assets of the following
    ketiga dengan nilai akuisisi secara keseluruhan,                                                  Companies acquired from third parties and the total
    dengan detail sebagai berikut:                                                                    acquisition price:

                                                                            2023                        2022
    Nilai Tercatat                                                                                                                                           Carrying Amount
    Akuisisi PT Jasamarga Surabaya Mojokerto                                       36.880                       36.880        Acquisition of PT Jasamarga Surabaya Mojokerto
    Akuisisi PT Jasamarga Tollroad Maintenance                                      2.848                        2.848       Acquisition of PT Jasamarga Tollroad Maintenance
    Akuisisi PT Jasamarga Kunciran Cengkareng                                       2.121                        2.121       Acquisition of PT Jasamarga Kunciran Cengkareng
    Total                                                                          41.849                       41.849                                                   Total


    Manajemen Kelompok Usaha berkeyakinan bahwa                                                       The Group’s Management believes that there is no
    tidak terdapat penurunan nilai goodwill pada tanggal                                              impairment in goodwill as of December 31, 2023.
    31 Desember 2023.


16. ASET KEUANGAN LAINNYA                                                                      16. OTHER FINANCIAL ASSETS

    Kelompok Usaha memiliki investasi pada instrumen                                                  The Group has investment in equity instruments
    ekuitas yang dikategorikan sebagai aset keuangan                                                  categorized as financial assets at Fair Value
    yang diukur dengan nilai wajar melalui penghasilan                                                Through Other Comprehensive Income (FVTOCI)
    komprehensif lain dengan rincian sebagai berikut:                                                 with details as follows:

                                                                                                                            2023
                                                                                                                 Perubahan Selama Setahun/
                                                                                                                     Changes in a Year
                                                                                                                                     Kenaikan (Penurunan) Nilai
                                                                           Saldo Awal/        Reklasifikasi/        Penambahan/       Wajar/ Increase (Decrease)     Saldo Akhir/
            Perusahaan/The Company            Status/ Status     %
                                                                        Beginning Balance    Reclassification         Addition               in Fair Value          Ending Balance
    PT Marga Mandala Sakti (MMS)             Operasi/ Operate    1,94               72.619                 -                    -                         20.879             93.498
    PT Citra Margatama Surabaya (CMS)        Operasi/ Operate    3,17               12.071                 -                    -                         13.514             25.585
                                             Pengakhiran PKP/
    PT Marga Nurindo Bhakti (MNB)             Termination of     4,75                  -                   -                    -                            -                  -
                                               Concession
                                             Pengakhiran PKP/
    PT Citra Mataram Satriamarga Persada
                                              Termination of    15,00                  -                   -                    -                            -                  -
    (CMSP)
                                               Concession
                                              Belum Operasi/
    PT Margaraya Jawa Tol (MJT)                                  2,47                  -                   -                    -                            -                  -
                                             Not Yet Operated

    PT Makassar Metro Network (MMN) d/h
                                             Operasi/ Operate    0,38                4.349                 -                    -                           998               5.347
       PT Bosowa Marga Nusantara (BMN)

    PT Jatim Prasarana Utama (JPU)           Operasi/ Operate    7,41                 715                  -                    -                           368               1.083
                                             Pengakhiran PKP/
    PT Marga Mawatindo Esprit (MME)           Termination of     8,33                  -                   -                    -                            -                  -
                                               Concession
                                             Pengakhiran PKP/
    PT Marga Net One Limited (MNOL)           Termination of    10,00                  -                   -                    -                            -                  -
                                               Concession

    PT Pilar Sinergi BUMN Indonesia (PSBI)   Operasi/ Operate    8,30                  -                   -                    -                            -                  -

    PT Kresna Kusuma Dyandra Marga
                                             Operasi/ Operate    0,30                3.003                 -                    -                         (3.003)               -
    (KKDM)
                                                Konstruksi/
    PT Hutama Marga Waskita (HAMAWAS)                            0,50               44.859                 -                    -                        (22.057)            22.802
                                               Construction
    Penyertaan tidak langsung melalui JMTO/
    Indirect investment through JMTO
    PT Fintek Karya Nusantara (FINARYA)   Operasi/ Operate       9,03              205.079                 -                    -                       (108.048)            97.031
    Penyertaan tidak langsung melalui JMRB/
    Indirect investment through JMRB
    PT Sinergi Colomadu (SC)              Operasi/ Operate       8,00                7.000                 -                    -                         (5.669)             1.331
    Total                                                                          349.695                 -                    -                       (103.018)           246.677




                                                                                       102
Page 956
PT JASA MARGA (PERSERO) Tbk                                                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                           unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                                                          16. OTHER FINANCIAL ASSETS (continued)
                                                                                                                              2022
                                                                                                                   Perubahan Selama Setahun/
                                                                                                                       Changes in a Year
                                                                                                                                       Kenaikan (Penurunan) Nilai
                                                                           Saldo Awal/       Reklasifikasi/           Penambahan/       Wajar/ Increase (Decrease)     Saldo Akhir/
            Perusahaan/The Company            Status/ Status     %
                                                                        Beginning Balance   Reclassification            Addition               in Fair Value          Ending Balance
    PT Marga Mandala Sakti (MMS)             Operasi/ Operate    1,94              50.571                      -                    -                       22.048             72.619
    PT Citra Margatama Surabaya (CMS)        Operasi/ Operate    3,17              13.715                      -                    -                       (1.644)            12.071
                                             Pengakhiran PKP/
    PT Marga Nurindo Bhakti (MNB)             Termination of     4,75                   -                      -                    -                            -                     -
                                               Concession
                                             Pengakhiran PKP/
    PT Citra Mataram Satriamarga Persada
                                              Termination of    15,00                   -                      -                    -                            -                     -
    (CMSP)
                                               Concession
                                              Belum Operasi/
    PT Margaraya Jawa Tol (MJT)                                  2,47                   -                      -                    -                            -                     -
                                             Not Yet Operated
    PT Makassar Metro Network (MMN) d/h
                                             Operasi/ Operate    0,38              12.461                      -                    -                       (8.112)             4.349
       PT Bosowa Marga Nusantara (BMN)

    PT Jatim Prasarana Utama (JPU)           Operasi/ Operate    7,41               1.576                      -                    -                         (861)               715
                                             Pengakhiran PKP/
    PT Marga Mawatindo Esprit (MME)           Termination of     8,33                   -                      -                    -                            -                     -
                                               Concession
                                             Pengakhiran PKP/
    PT Marga Net One Limited (MNOL)           Termination of    10,00                   -                      -                    -                            -                     -
                                               Concession
                                              Belum Operasi/
    PT Pilar Sinergi BUMN Indonesia (PSBI)                       8,30                   -           1.018.350                 278.345                   (1.296.695)                    -
                                             Not Yet Operated
    PT Kresna Kusuma Dyandra Marga
                                             Operasi/ Operate    0,30               4.913                      -                    -                       (1.910)             3.003
    (KKDM)
                                                Konstruksi/
    PT Hutama Marga Waskita (HAMAWAS)                            0,97                   -                      -                    -                       44.859             44.859
                                               Construction

    Penyertaan tidak langsung melalui JMTO/
    Indirect investment through JMTO
    PT Fintek Karya Nusantara (FINARYA)   Operasi/ Operate       9,03             391.246                      -                    -                     (186.167)           205.079
    Penyertaan tidak langsung melalui JMRB/
    Indirect investment through JMRB
    PT Sinergi Colomadu (SC)              Operasi/ Operate       8,00               8.293                      -                    -                       (1.293)             7.000
    Total                                                                         482.775           1.018.350                 278.345                   (1.429.775)           349.695



    a.       PT Fintek Karya Nusantara (FINARYA)                                                      a.       PT Fintek Karya Nusantara (FINARYA)

             FINARYA didirikan berdasarkan Akta No. 13                                                         FINARYA was established based on Deed
             tanggal 21 Januari 2019 dari Notaris Bonardo                                                      No. 13 dated January 21, 2019 of Notary
             Nasution, S.H., dalam rangka penyelenggaraan                                                      Bonardo Nasution, S.H., In the context of
             jasa sistem pembayaran. Akta pendirian                                                            providing payment system services. The deed
             disahkan oleh Menteri Hukum dan Hak Asasi                                                         of establishment was approved by the
             Manusia Republik Indonesia dalam Surat                                                            Minister of Law and Human Rights of
             Keputusan No. AHU 0003446.AH.01.01 tahun                                                          the Republic of Indonesia in Decree
             2019 tanggal 21 Januari 2019.                                                                     No. AHU 0003446.AH.01.01 of 2019 dated
                                                                                                               January 21, 2019.

             Berdasarkan Akta Notaris Neilly Iralita Iswari                                                    Based on Notary Deed Neilly Iralita Iswari S.H.,
             S.H., M.Si., M.Kn., No. 185 tanggal                                                               M.Sc.,     M.Kn.,     No.       185       dated
             23 Desember 2019, JMTO menyetujui untuk                                                           December 23, 2019, JMTO agreed to take part
             mengambil bagian di dalam FINARYA melalui                                                         in FINARYA through the purchase of shares
             pembelian saham senilai Rp182.600 atau                                                            amounted to Rp182,600 or equivalent to 10%
             setara dengan kepemilikan 10% untuk tahun                                                         ownership for the year ended December 31,
             yang berakhir pada tanggal 31 Desember 2020.                                                      2020.

            Berdasarkan Akta No. 18 tanggal 26 Oktober 2020                                                    Based on Deed No. 18 dated October 26, 2020
            dari Notaris Bonardo Nasution, S.H., FINARYA                                                       of Notary Bonardo Nasution, S.H., FINARYA
            meningkatkan modal saham atas 13.632 lembar                                                        increase its paid-in capital by 13,632 shares
            seri B. Namun, JMTO tidak mengambil porsi atas                                                     series B. However, JMTO did not take any
            penambahan tersebut. Dengan demikian,                                                              portion to the additional of shares. Thus,
            komposisi kepemilikan JMTO mengalami dilusi                                                        JMTO’s composition of the ownership was
            menjadi        9,31%        pada        tanggal                                                    diluted to 9.31% as of December 31, 2020.
            31 Desember 2020.


                                                                                      103
Page 957
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

    a.   PT Fintek Karya Nusantara (FINARYA)                        a.   PT Fintek Karya Nusantara (FINARYA)
         (lanjutan)                                                      (continued)

         Berdasarkan Akta No. 13 tanggal 8 Maret 2021                    Based on Deed No. 13 dated March 8, 2021 of
         dari Notaris Bonardo Nasution, S.H., FINARYA                    Notary Bonardo Nasution, S.H., FINARYA
         menerbitkan 5.398 lembar saham seri B. Namun,                   issued 5,398 shares series B. However, JMTO
         JMTO tidak mengambil porsi atas saham tersebut.                 did not take a portion of the shares. Thus,
         Dengan demikian, kepemilikan saham JMTO di                      JMTO's share ownership in FINARYA has
         FINARYA mengalami dilusi menjadi 9,06%.                         diluted to 9.06%.

         Berdasarkan     Akta      No.   199     tanggal                 Based     on     Deed     No.   199     dated
         23 Desember 2021 dari Notaris Jose Dima Satria,                 December 23, 2021 of Notary Jose Dima Satria,
         S.H., M.Kn., FINARYA meningkatkan modal                         S.H., M.Kn., FINARYA issued 540 shares series
         saham atas 540 saham seri B. Namun, JMTO                        B. However, the JMTO did not take a portion of
         tidak mengambil porsi atas penambahan tersebut.                 the shares. Thus, JMTO's share ownership in
         Dengan demikian, komposisi kepemilikan JMTO                     Finarya has diluted to 9.03% as of December
         mengalami dilusi menjadi 9,03% pada tanggal                     31, 2021.
         31 Desember 2021.

         Nilai wajar investasi saham di FINARYA                          The fair value of share investments in FINARYA
         ditentukan dengan menggunakan metode                            is determined using the method of discounting
         diskonto arus kas dan perbandingan nilai pasar.                 cash flow and comparing market values. The
         Nilai wajar investasi saham didasarkan pada                     fair value of stock investments is based on the
         penilaian yang dilakukan oleh KJPP Stefanus                     assessment conducted by KJPP Stefanus
         Tonny Hardi & Rekan, penilai independen yang                    Tonny Hardi & Partner, an independent
         terdaftar pada OJK, dalam laporannya tanggal                    appraiser registered with the OJK, in its reports
         17 Februari 2023 dan 26 Februari 2024 untuk                     dated February 17, 2023 and February 26, 2024
         untuk tahun-tahun yang berakhir 31 Desember                     for the years ended December 31, 2022 and
         2022 dan 2023.                                                  2023.

    b.   PT Marga Mandala Sakti (MMS)                               b.   PT Marga Mandala Sakti (MMS)

         MMS didirikan berdasarkan Akta Notaris No. 14                   MMS was established based on the Notarial
         tanggal 4 Oktober 1989 dari Kartini Muljadi,                    Deed No. 14 dated October 4, 1989 from Kartini
         S.H., penyertaan pada MMS dilakukan                             Muljadi, S.H., The investment in MMS relates to
         sehubungan dengan penyelenggaraan proyek                        the construction and operation of the
         jalan tol Tangerang - Merak. Perusahaan                         Tangerang - Merak toll road. The Company
         memiliki 28.000.000 lembar saham dengan nilai                   originally owned 28,000,000 shares at par
         nominal Rp100 (Rupiah penuh) per lembar                         value of Rp100 (full Rupiah) per share or
         saham atau setara dengan Rp2.800 yang                           equivalent to Rp2,800 which represent 8.68%
         merupakan 8,68% kepemilikan.                                    ownership interest.

         Berdasarkan Akta Notaris No. 4 tanggal                          Based on the Notarial Deed No. 4 dated
         4 April 1995 dari Notaris Sutjipto, S.H.,                       April 4, 1995 of the Notary Sutjipto, S.H., the
         penyertaan saham Perusahaan pada MMS                            investment in MMS amounting to 14,000,000
         sebesar 14.000.000 lembar saham dengan nilai                    shares with the par value of Rp1,000 (full
         nominal Rp1.000 (Rupiah penuh) per lembar                       Rupiah) per share has been pledged by the
         saham telah dijaminkan oleh Perusahaan                          Company in connection with syndicated loan
         sehubungan      dengan    fasilitas pinjaman                    facilities received by MMS.
         sindikasi yang diperoleh MMS.




                                                           104
Page 958
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    b.   PT Marga Mandala Sakti (MMS) (lanjutan)                   b.   PT Marga Mandala Sakti (MMS) (continued)

         Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of the Extraordinary
         Pemegang Saham Luar Biasa dengan Akta                          General Meeting of Shareholders as included in
         Notaris No. 5 tanggal 9 Desember 2004 dari                     the     Notarial    Deed      No.    5    dated
         Hendra Karyadi, S.H., para pemegang saham                      December 9, 2004 from Hendra Karyadi, S.H.,
         menyetujui penerbitan 921.310.773 lembar                       the shareholders agreed with the issuance of
         saham baru kepada pemegang obligasi                            921,310,773 new shares to convertible
         konversi. Para pemegang saham lama                             bondholders. The predecessor shareholders
         menyatakan telah melepaskan hak masing-                        had already waived their rights to subscribe for
         masing untuk membeli saham baru yang                           new shares issued to the convertible
         diterbitkan   kepada     pemegang   obligasi                   bondholders. This change of shareholders,
         konversi tersebut. Perubahan pemegang                          according to the Deed No. 11 dated
         saham tersebut sesuai dengan Akta Notaris                      August 1, 2005 of Notarial Deed Benny
         No. 11 tanggal 1 Agustus 2005 dari Notaris                     Kristianto, S.H., regarding to change of MMS
         Benny Kristianto, S.H., mengenai perubahan                     shareholders, has been received by the
         pemegang saham MMS dan telah diterima                          Directorate    General     of   General    Law
         oleh Departemen Hukum dan Hak Asasi                            Administration, Department of Law and Human
         Manusia Direktorat Administrasi Hukum                          Rights               under              receipt
         Umum No. C-UM.02.01.14078 tanggal                              No.C-UM.02.01.14078 dated September 23,
         23 September 2005, sehingga kepemilikan                        2005, as a consequence, the Company's
         Perusahaan pada MMS menjadi sebesar                            ownership in MMS become 1.94% from total
         1,94% dari total kepemilikan.                                  ownership.

         Nilai wajar investasi saham di MMS ditentukan                  The fair value of share investments in MMS is
         dengan menggunakan metode diskonto arus kas                    determined using the method of discounting
         dan perbandingan nilai pasar. Nilai wajar                      cash flow and comparing market values. The
         investasi saham didasarkan pada penilaian yang                 fair value of stock investment is based on the
         dilakukan oleh KJPP Budi, Edy, Saptono dan                     assessment made by KJPP Budi, Edy, Saptono
         Rekan, penilai independen yang terdaftar pada                  and Rekan, independent appraisers registered
         OJK,       dalam        laporannya     tanggal                 with the OJK, in its reports dated
         17 Februari 2023 dan 12 Februari 2024 untuk                    February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                     the years ended December 31, 2022 and 2023.
         dan 2023.

    c.   PT Citra Margatama Surabaya (CMS)                         c.   PT Citra Margatama Surabaya (CMS)

         CMS didirikan berdasarkan Akta Notaris No. 99                  CMS was established based on the Notarial
         tanggal 26 Desember 1996 dari Notaris Siti                     Deed No. 99 dated December 26, 1996 of
         Pertiwi Henny Singgih, S.H., Penyertaan pada                   Notary Siti Pertiwi Henny Singgih, S.H., The
         CMS      dilakukan    sehubungan       dengan                  investment in CMS was made in relation to the
         penyelenggaraan proyek Jalan Tol Waru-                         constructions and operations of the Waru -
         Juanda. Perusahaan memiliki 8.550.000 lembar                   Juanda toll road project. The Company owns
         saham dengan nilai nominal Rp1.000 (Rupiah                     8,550,000 shares at par value of Rp1,000 (full
         penuh) per lembar saham atau sebesar Rp8.550                   Rupiah) per share or equivalent to Rp8,550
         yang merupakan 15% dari total kepemilikan.                     which represent 15% of total ownership.

         Berdasarkan     Akta   No.    717  tanggal                     Based on Deed No. 717 dated June 27, 2007
         27 Juni 2007 dari Margaretha Dynawati, S.H.,                   from Margaretha Dynawati, S.H., the
         para pemegang saham antara lain menyetujui                     shareholders increased the capital provided
         peningkatan modal ditempatkan dan disetor                      and paid up to Rp380,000. The Company just
         penuh menjadi Rp380.000. Perusahaan                            paid for capital of Rp20,000 of Rp48,000.
         hanya melakukan setoran modal sebesar
         Rp20.000 dari total Rp48.000.




                                                          105
Page 959
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    c.   PT Citra     Margatama        Surabaya   (CMS)            c.   PT Citra Margatama          Surabaya       (CMS)
         (lanjutan)                                                     (continued)

         Dengan demikian kepemilikan Perusahaan di                      Therefore, the Company’s ownership in CMS
         CMS mengalami penurunan menjadi sebesar                        has decrease to 5.26%, representing
         5,26% yang merupakan 20.000.000 lembar                         20,000,000 shares at par value of Rp1,000 (full
         saham dengan nilai nominal Rp1.000 (Rupiah                     Rupiah) per share or equivalent to Rp20,000.
         penuh) per lembar saham atau setara dengan                     Based on the Deed No. 40 dated May 21, 2005
         Rp20.000. Berdasarkan Akta No. 40 tanggal                      of Notary Poerbaningsih Adi Warsito, S.H., the
         21 Mei 2005 dari Notaris Poerbaningsih Adi                     Company and CMS entered into a Joint
         Warsito, S.H., Perusahaan dan CMS                              Operation Agreement that changed the
         mengadakan          Perjanjian       Kuasa                     authority of Waru - Tanjung Perak toll road to
         Penyelenggaraan       yang       mengubah                      become approximately 12 Km.
         penyelenggaraan jalan tol Waru - Tanjung
         Perak menjadi kurang lebih 12 Km.

         Perjanjian Kuasa Penyelenggaraan telah                         On February 12, 2007, a Joint Operation
         dialihkan menjadi Perjanjian Pengusahaan                       Agreement has been changed to a Concession
         Jalan Tol (PPJT) antara Pemerintah dengan                      Rights Agreement between the Government
         CMS pada tanggal 12 Februari 2007 dengan                       and CMS with concession right until 2040.
         masa hak pengusahaan (konsesi) hingga                          Waru - Juanda toll road has been operating
         tahun 2040. Jalan Tol Waru - Juanda telah                      since April 2008.
         beroperasi sejak bulan April 2008.

         Berdasarkan Akta Pernyataan Keputusan di                       Based on the Deed of Decision Statement
         Luar Rapat PT Citra Margatama Surabaya                         Outside the Meeting of PT Citra Margatama
         No. 25 tanggal 25 Januari 2018, para                           Surabaya No. 25 dated January 25, 2018, the
         pemegang saham antara lain menyetujui                          shareholders agreed, among other things, to
         peningkatan modal ditempatkan dan disetor                      increase the issued and fully paid up capital to
         penuh menjadi 630.000.000 lembar saham,                        630,000,000 shares, but the Company did not
         namun Perusahaan tidak mengambil bagian                        take part of the portion of shares offered for
         dari porsi saham yang ditawarkan atas                          capital increase thus the Company's share
         peningkatan     modal   tersebut sehingga                      ownership in CMS decreased to become 3.28%
         kepemilikan saham Perusahaan di CMS                            of total ownership.
         mengalami penurunan menjadi sebesar 3,28%
         dari total kepemilikan.

         Nilai wajar investasi saham di CMS ditentukan                  The fair value of share investments in CMS is
         dengan menggunakan metode diskonto arus                        determined using the method of discounting
         kas dan perbandingan nilai pasar. Nilai wajar                  cash flow and comparing market values. The
         investasi saham didasarkan pada penilaian                      fair value of stock investment is based on the
         yang dilakukan oleh KJPP Budi, Edy, Saptono                    assessment made by KJPP Budi, Edy,
         dan Rekan, penilai independen yang terdaftar                   Saptono and Rekan, independent appraisers
         pada OJK, dalam laporannya tanggal 17                          registered with the OJK, in its reports dated
         Februari 2023 dan 12 Februari 2024 untuk                       February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                     the years ended December 31, 2022 and 2023.
         dan 2023.




                                                          106
Page 960
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

    d.   PT Sinergi Colomadu                                        d. PT Sinergi Colomadu

         PT Sinergi Colomadu didirikan berdasarkan                      PT Sinergi Colomadu was established based on
         Akta Notaris No. 8 tanggal 8 April 2017 dari                   Notarial Deed No. 8 dated April 8, 2017 from
         Ilmiawan Dekrit S, S.H., M.H., di Jakarta. Akta                Ilmiawan Dekrit S, S.H., M.H., in Jakarta. The deed of
         pendirian disahkan oleh Menteri Hukum dan                      establishment was approved by the Minister of Law
         Hak Asasi Manusia Republik Indonesia dalam                     and Human Rights of the Republic of Indonesia in
         Surat Keputusan No. AHU 0020383.AH.01.01                       Decree No. AHU 0020383.AH.01.01 of 2017 on
         tahun 2017 tanggal 3 Mei 2017.                                 May 3, 2017.

         JMRB memiliki 68.800.000 lembar saham                          JMRB has 68,800,000 shares with a nominal value
         dengan nominal Rp100 per lembar saham atau                     of Rp100 per share or equivalent to Rp6,880 with a
         setara dengan Rp6.880 dengan total                             total stock of Rp86,000 or equivalent to 8% of share
         keseluruhan saham sebesar Rp86.000 atau                        ownership.
         setara dengan 8% kepemilikan saham.

         Nilai wajar investasi saham di PT Sinergi                      The fair value of investment in shares in
         Colomadu ditentukan dengan menggunakan                         PT Sinergi Colomadu was determined by using
         metode diskonto arus kas. Nilai wajar investasi                discounted cash flow method. The investment’s
         saham didasarkan pada penilaian yang                           fair values are based on valuations performed
         dilakukan oleh KJPP Suwendho Rinaldy dan                       by KJPP Suwendho Rinaldy dan Rekan,
         Rekan, penilai independen yang terdaftar pada                  independent         appraisers       registered
         OJK, dalam laporannya tanggal 17 Februari                      with the OJK,     in    its    reports    dated
         2023 dan 12 Februari 2024 untuk untuk tahun                    February 17, 2023 and February 12, 2024 for
         yang berakhir 31 Desember 2022 dan 2023.                       the years ended December 31, 2022 and 2023.

    e.   PT Kresna Kusuma Dyandra Marga (KKDM)                      e. PT Kresna Kusuma Dyandra Marga (KKDM)

         KKDM didirikan berdasarkan Akta Notaris No. 94                 KKDM was established based on the Notarial
         tanggal 20 Desember 1996 dari Mudofir Hadi,                    Deed No. 94 dated December 20, 1996 of
         S.H., Penyertaan pada KKDM dilakukan                           Mudofir Hadi, S.H., The investment in KKDM
         sehubungan dengan penyelenggaraan proyek                       relates to the operation of the Bekasi Timur -
         jalan tol Bekasi Timur - Cawang - Kampung                      Cawang - Kampung Melayu toll road project,
         Melayu    yang     meliputi   pembangunan,                     which comprise construction, operation and
         pengoperasian dan pemeliharaan jalan tol.                      maintenance of the toll road. The Company
         Perusahaan memiliki 7.650.000 lembar saham                     owns 7,650,000 shares with a par value of
         dengan nilai nominal Rp1.000 (Rupiah penuh)                    Rp1,000 (full Rupiah) per share or equivalent to
         per lembar saham atau setara dengan Rp7.650                    Rp7,650 which represent 10% ownership of
         yang merupakan 10% kepemilikan di KKDM.                        KKDM.

         Berdasarkan Akta Notaris No. 4 tanggal                         Based on Notarial Deed No. 4 dated
         5 Juni 2018 dari Ariani L. Rachmi, S.H.,                       June 5, 2018 of Ariani L. Rachmi, S.H., the
         kepemilikan Perusahaan terdilusi dari sebesar                  Company's ownership was diluted from 1.03%
         1,03% menjadi sebesar 0,35%.                                   to become 0.35%.

         Nilai wajar investasi saham di KKDM ditentukan                 The fair value of share investments in KKDM is
         dengan menggunakan metode diskonto arus                        determined using the method of discounting
         kas dan perbandingan nilai pasar. Nilai wajar                  cash flow and comparing market values. The fair
         investasi saham didasarkan pada penilaian                      value of stock investment is based on the
         yang dilakukan oleh KJPP Budi, Edy, Saptono                    assessment made by KJPP Budi, Edy, Saptono
         dan Rekan, penilai independen yang terdaftar                   and Rekan, independent appraisers registered
         pada OJK, dalam laporannya tanggal                             with the OJK, in its reports dated
         17 Februari 2023 dan 12 Februari 2024 untuk                    February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                     the years ended December 31, 2022 and 2023.
         dan 2023.




                                                           107
Page 961
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    f.   PT Makassar Metro Network (MMN)                           f.   PT Makassar Metro Network (MMN)

         MMN didirikan berdasarkan Akta Notaris No. 20                  MMN was established based on the Notarial
         tanggal 12 April 1993 dari Mestariany Habie,                   Deed No. 20 dated April 12, 1993 of Mestariany
         S.H. Penyertaan pada MMN dilakukan                             Habie, S.H. The investment in MMN was made
         sehubungan dengan penyelenggaraan proyek                       in relation to the construction and operation of
         jalan tol Ujung Pandang, yaitu Jalan Satando -                 the Ujung Pandang toll roads that is Jalan
         Simpang Urip Sumoharjo/Petta Rani (tahap l) -                  Satando - Urip Sumoharjo/Petta Rani
         Jalan Sultan Alauddin (tahap ll). Berdasarkan                  Interchange (phase l) - Jalan Sultan Alauddin
         Akta No. 25 tanggal 5 September 1998,                          (phase ll). Based on the Deed No. 25 dated
         Perusahaan memiliki 3.332 lembar saham                         September 5, 1998, the Company owned 3,332
         dengan nilai nominal Rp1.000.000 (Rupiah                       shares at par value of Rp1,000,000 (full Rupiah)
         penuh) per lembar saham atau setara dengan                     per share or equivalent to Rp3,332 which
         Rp3.332 yang merupakan 10% dari total                          represent 10% of total ownership.
         kepemilikan.

         Keputusan      Menteri    Pekerjaan     Umum                   The Decree of the Minister of Public Work
         No. 276/KPTS/1994 tanggal 26 Agustus 1994                      No. 276/KPTS/1994 dated August 26, 1994 and
         dan    Akta    Notaris   No. 322       tanggal                 the     Notarial    Deed     No.    322       dated
         29 Agustus 1994, Mestariany Habie, S.H.,                       August 29, 1994, Mestariany Habie, S.H., stated
         menyatakan bahwa MMN mengoperasikan                            that MMN would operate phase I of the toll road
         jalan tol selama 30 (tiga puluh) tahun untuk                   for 30 (thirty) years and phase II will be decided
         tahap I dan tahap II akan ditentukan kemudian                  later but not for a period longer than 30 (thirty)
         namun tidak lebih dari 30 (tiga puluh) tahun                   years for the operation of either part or all of the
         sejak dioperasikannya jalan tol baik sebagian                  toll road. Phase I and Phase II of the Ujung
         atau seluruhnya. Ruas jalan tol Ujung Pandang                  Pandang toll road have been operating since
         tahap I dan II telah dioperasikan sejak tahun                  1998.
         1998.

         Anggaran Dasar MMN beberapa kali berubah                       MMN's Articles of Association have been
         sampai dengan yang tercantum dalam Akta                        changed several times up to those stated in the
         Notaris No. 8 tanggal 12 Desember 2019 yang                    Notary Deed No. 8 dated December 12, 2019
         dibuat dihadapan Citra Buana Tungga, S.H.,                     which was made in front of Citra Buana Tungga,
         M.Kn., terdapat peningkatan modal dasar,                       S.H., M.Kn., there was an increase in the
         ditempatkan, dan disetor perusahaan. Akibat                    Company's authorized, issued and paid-up
         perubahan tersebut, kepemilikan saham                          capital. As a result of this change, the
         Perusahaan terdilusi menjadi 0,54%.                            Company's share ownership was diluted to
                                                                        0.54%.

         Berdasarkan Akta Notaris No. 2 tanggal                         Based on the Notarial Deed No. 2 dated
         2 November 2020 dari Karin Christiana                          November 2, 2020 of Karin Christiana Basoeki,
         Basoeki, S.H., mengenai perubahan anggaran                     S.H., regarding the amendment to the articles of
         dasar, para pemegang saham menyetujui untuk                    association, the shareholders agreed to change
         mengubah nama menjadi PT Metro Makassar                        the name to PT Metro Makassar Nusantara. The
         Nusantara. Akta Perubahan disahkan oleh                        Amendment Deed was ratified by the Minister of
         Menteri Hukum dan HAM Republik Indonesia                       Law and Human Rights of the Republic of
         dalam Surat Keputusan No. AHU-AH.01.03-                        Indonesia in Decree No. AHU-AH.01.03-
         0404065 tanggal 5 November 2020.                               0404065 dated November 5, 2020.




                                                          108
Page 962
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

    f.   PT Makassar        Metro      Network   (MMN)              f.   PT Makassar         Metro     Network      (MMN)
         (lanjutan)                                                      (continued)

         Nilai wajar investasi saham di MMN ditentukan                   The fair value of share investments in MMN is
         dengan menggunakan metode diskonto arus                         determined using the method of discounting
         kas dan perbandingan nilai pasar. Nilai wajar                   cash flow and comparing market values. The
         investasi saham didasarkan pada penilaian                       fair value of stock investment is based on the
         yang dilakukan oleh KJPP Budi, Edy, Saptono                     assessment made by KJPP Budi, Edy, Saptono
         dan Rekan, penilai independen yang terdaftar                    and Rekan, independent appraisers registered
         pada OJK, dalam laporannya tanggal                              with the OJK, in its reports dated
         17 Februari 2023 dan 12 Februari 2024 untuk                     February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                      the years ended December 31, 2022 and 2023.
         dan 2023.

    g.   PT Jatim Prasarana Utama (JPU)                             g. PT Jatim Prasarana Utama (JPU)

         JPU didirikan berdasarkan Akta Notaris                          JPU was established based on the Notarial
         No. 25 tanggal 27 Desember 2002 dari Rosida,                    Deed No. 25 dated December 27, 2002 of
         S.H., Perusahaan memiliki 12.858 lembar                         Rosida, S.H., the Company owns 12,858 shares
         saham dengan nilai nominal Rp1.000.000                          at a par value of Rp1,000,000 (full Rupiah) per
         (Rupiah penuh) per lembar saham atau setara                     share or equivalent to Rp12,858 which
         dengan Rp12.858 yang merupakan 30%                              represent 30% ownership interest.
         kepemilikan.

         JPU merupakan perusahaan ventura bersama                        JPU is a joint venture between the Company
         antara Perusahaan dan Pemerintah Daerah                         with Local Government of East Java. JPU was
         Jawa Timur. JPU didirikan dengan maksud                         established in order to continue the construction
         untuk meneruskan kelanjutan proyek jalan tol                    of Surabaya - Mojokerto toll road project that
         Surabaya - Mojokerto yang telah terhenti                        was suspended after the Minister of Settlement
         setelah Menteri Permukiman, Prasarana dan                       and Regional Infrastructure cancelled the
         Wilayah Tertinggal mencabut izin konsesi yang                   concession granted to PT Jasamarga Surabaya
         diberikan kepada PT Jasamarga Surabaya                          Mojokerto (JSM) as stated in its Letter No.
         Mojokerto (JSM) melalui surat Menkimpraswil                     418/KPTS/M/2001 dated July 18, 2001.
         No. 418/KPTS/M/2001 tanggal 18 Juli 2001.

         Setelah Mahkamah Agung menolak pengajuan                        After the Supreme Court refused the application
         Peninjauan Kembali dari Menkimpraswil pada                      for Judicial Review of Minister of Settlement
         tanggal 31 Maret 2005, maka hak                                 and       Regional   Infrastructure,     dated
         penyelenggaraan jalan tol dikembalikan kepada                   March 31, 2005, the concession rights have
         JSM. Sebagai akibatnya, JPU tidak lagi terlibat                 been returned to JSM. As a result, JPU is no
         dalam proyek jalan tol tersebut. Pada tanggal                   longer involved in such toll road project. On
         8 Mei 2007, JPU ikut serta dalam penyertaan                     May 8, 2007, JPU participated in investment in
         saham JGP untuk proyek jalan tol Gempol                         shares of JGP to develop toll road project of
         Pasuruan dengan kepemilikan setara dengan                       Gempol Pasuruan, with the equivalent of 1.4%
         1,4% dari total kepemilikan.                                    of total ownership.

         Berdasarkan Berita Acara RUPS PT JPU                            Based on the Minutes of PT JPU General
         tanggal 6 Mei 2013, pemegang saham JPU                          Meeting of Shareholders dated May 6, 2013,
         memutuskan penurunan modal dasar menjadi                        JPU’s shareholders decreased its authorized
         Rp150.000 sebelumnya Rp171.400 dan modal                        capital to Rp150,000 previously Rp171,400 and
         disetor menjadi Rp40.502 yang terdiri dari                      paid in capital to Rp40,502 with ownership
         kepemilikan Pemerintah Provinsi Jawa Timur                      consisting of East Java Provincial Government
         sebesar Rp37.502 atau setara dengan 93%,                        amounting to Rp37,502 or equivalent to 93%
         dan Perusahaan sebesar Rp3.000 atau setara                      ownership, and the Company amounting to
         dengan 7,41% dari total kepemilikan.                            Rp3,000 or equivalent to 7.41% of total
                                                                         ownership.




                                                           109
Page 963
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    g.   PT Jatim Prasarana Utama (JPU) (lanjutan)                  g. PT Jatim Prasarana Utama (JPU) (continued)

         Penurunan tersebut akibat dari penghapusan                     The decrease was a result of the write off of the
         piutang modal disetor ke Perusahaan sebesar                    paid in capital receivables from the Company
         Rp9.858. Perusahaan mereklasifikasi nilai                      amounting to Rp9,858. The Company
         saldo penyertaan sebesar Rp3.000 ke akun                       reclassified the balance of investment
         Aset Keuangan Lainnya sejak bulan Agustus                      amounting to Rp3,000 to Other Financial
         2014.                                                          Assets account since August 2014.

         Berdasarkan Berita Acara Rapat Umum                            Based on the Minutes of PT JPU Extraordinary
         Pemegang Saham Luar Biasa PT JPU tanggal                       General Meeting of Shareholders No. 52 dated
         23 April 2018 No. 52, Pemerintah Provinsi Jawa                 April 23, 2018, the East Java Provincial
         Timur melakukan pemindahan atas saham                          Government transferred the shares owned by
         yang dimiliki Pemerintah Provinsi Jawa Timur                   the East Java Provincial Government
         sebesar Rp37.502 atau setara dengan 93%.                       amounting to Rp37,502 or equivalent to 93%.

         Nilai wajar investasi saham di JPU ditentukan                  The fair value of share investments in JPU is
         dengan menggunakan metode diskonto arus                        determined using the method of discounting
         kas dan perbandingan nilai pasar. Nilai wajar                  cash flow and comparing market values. The
         investasi saham didasarkan pada penilaian                      fair value of stock investment is based on the
         yang dilakukan oleh KJPP Budi, Edy, Saptono                    assessment made by KJPP Budi, Edy, Saptono
         dan Rekan, penilai independen yang terdaftar                   and Rekan, independent appraisers registered
         pada OJK, dalam laporannya tanggal                             with the OJK, in its reports dated
         17 Februari 2023 dan 12 Februari 2024 untuk                    February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                     the years ended December 31, 2022 and 2023.
         dan 2023.

    h.   PT Pilar Sinergi BUMN Indonesia (PSBI)                    h.   PT Pilar Sinergi BUMN Indonesia (PSBI)

         PSBI didirikan berdasarkan Akta Notaris                        PSBI was established based on Notarial Deed
         No. 21 tanggal 2 Oktober 2015 dari Mala Mukti,                 No. 21 dated October 2, 2015 of Mala Mukti,
         S.H., LL.M., dalam rangka pengoperasian                        S.H., LL.M., for Jakarta - Bandung high speed
         kereta cepat Jakarta - Bandung. Akta Pendirian                 train operation. The Deed of Establishment
         disahkan oleh Menteri Hukum dan Hak Asasi                      were legalized by Minister of Law and Human
         Manusia Republik Indonesia dalam Surat                         Rights of the Republic of Indonesia on its
         Keputusan No. AHU-2460435.AH.01.01 tahun                       Decision Letter No. AHU-2460435.AH.01.01
         2015 tanggal 12 Oktober 2015.                                  year 2015 dated October 12, 2015.

         Penyertaan Perusahaan di PSBI merupakan                        The Company's investment in PSBI is a form of
         bentuk penugasan Pemerintah sebagaimana                        government assignment as stated in the
         tertuang dalam Peraturan Presiden Republik                     Presidential Regulation of the Republic of
         Indonesia No. 107 Tahun 2015 tentang                           Indonesia No. 107 of 2015 concerning the
         Percepatan Penyelenggaraan Prasarana dan                       Acceleration of The Implementation of
         Sarana Kereta Cepat Antara Jakarta dan                         Infrastructure and Facilities for High Speed Rail
         Bandung.                                                       between Jakarta and Bandung.

         Sesuai dengan Akta Notaris atas Pernyataan                     In accordance with the Notarial Deed on the
         Keputusan Rapat Umum Pemegang Saham                            Statement of Resolutions of the Company's
         Luar Biasa Perusahaan No. 67 tanggal                           Extraordinary General Meeting of Shareholders
         21 November 2022 dihadapan Mala Mukti,                         No. 67 dated November 21, 2022 made by Mala
         S.H., LL.M., Notaris di Jakarta, mengenai                      Mukti, S.H.,LL.M., Notary in Jakarta, regarding
         peningkatan modal dasar dan penerbitan                         increase the authorized capital and the
         saham baru, Perusahaan memiliki 1.297.235                      issuance of new shares, the Company has
         lembar saham atau setara dengan 8,30%                          1,297,235 shares or equivalent to 8.30% share
         kepemilikan saham yang diterbitkan oleh PSBI.                  ownership issued by PSBI.




                                                          110
Page 964
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    h.   PT Pilar Sinergi BUMN Indonesia (PSBI)                    h.   PT Pilar Sinergi BUMN Indonesia (PSBI)
         (lanjutan)                                                     (continued)

         Nilai wajar investasi saham di PSBI ditentukan                 The fair value of share investments in PSBI is
         dengan menggunakan metode diskonto arus                        determined using the method of discounting
         kas dan perbandingan nilai pasar. Nilai wajar                  cash flow and comparing market values. The
         investasi saham didasarkan pada penilaian                      fair value of stock investment is based on the
         yang dilakukan oleh KJPP Budi, Edy, Saptono                    assessment made by KJPP Budi, Edy, Saptono
         dan Rekan, penilai independen yang terdaftar                   and Rekan, independent appraisers registered
         pada OJK, dalam laporannya tanggal                             with the OJK, in its reports dated
         17 Februari 2023 dan 12 Februari 2024 untuk                    February 17, 2023 and February 12, 2024 for
         untuk tahun yang berakhir 31 Desember 2022                     the years ended December 31, 2022 and 2023.
         dan 2023.

    i.   PT Marga Nurindo Bhakti (MNB)                             i.   PT Marga Nurindo Bhakti (MNB)

         MNB didirikan berdasarkan Akta Notaris No. 9                   MNB was established based on The Notarial
         tanggal 2 Desember 1991 dari B.R.A.Y.                          Deed No. 9 dated December 2, 1991 of
         Mahyastoeti Notonogoro, S.H., juncto Akta                      B.R.A.Y. Mahyastoeti Notonogoro, S.H., in
         Notaris No. 19 tanggal 4 Maret 1998 dari Agus                  conjunction with the Notarial Deed No. 19 dated
         Madjid, S.H. Penyertaan pada MNB dilakukan                     March 4, 1998 of Agus Madjid, S.H. The
         dengan penyelenggaraan proyek Jalan Tol                        investment in MNB relates to the construction
         JORR Seksi S dan E1 (Pondok Pinang -                           and operation of the JORR toll road Section S
         Jagorawi - Cikunir). Perusahaan memiliki 1.350                 and E1 (Pondok Pinang - Jagorawi - Cikunir).
         lembar saham dengan nilai nominal Rp10.000                     The Company owned 1,350 shares at par value
         (Rupiah penuh) per lembar saham atau setara                    of Rp10,000 (full Rupiah) per share or
         dengan Rp13.500 yang merupakan 10% dari                        equivalent to Rp13,500 which represent 10% of
         total kepemilikan.                                             total ownership.

         Anggaran Dasar MNB beberapa kali diubah,                       MNB’s Articles of Association had been
         dengan perubahan terakhir berdasarkan Akta                     amended several times, with the latest was
         Notaris No. 23 tanggal 25 Desember 2010 dari                   based on Notarial Deed No. 23 dated
         Ny. Etty Roeswitha Moelia, S.H. Akta                           December 25, 2010 of Ny. Etty Roeswitha
         Perubahan disahkan oleh Menteri Hukum dan                      Moelia, S.H. The Deed of Amendment was
         HAM Republik Indonesia dalam Surat                             authorized by the Minister of Law and Human
         Keputusan No. AHU-AH.01.10-06698 tanggal                       Rights of the Republic of Indonesia in its
         3 Maret 2011.                                                  Decision Letter No. AHU-AH.01.10-06698
                                                                        dated March 3, 2011.

         Perusahaan memiliki 950 lembar saham                           The Company has 950 shares with par value
         dengan nilai nominal Rp10.000 (Rupiah penuh)                   Rp10,000 (full Rupiah) per share or equivalent
         per lembar saham atau setara dengan Rp9.500                    to Rp9,500 which represent 4.75% ownership
         yang merupakan 4,75% kepemilikan.                              interest.

         Berdasarkan surat Perusahaan kepada MNB                        Based      on  the    Company’s        Letter
         No. AA.HK.02.1143 tanggal 11 Agustus 2000,                     No. AA.HK.02.1143 dated August 11, 2000 to
         Perusahaan mengambil alih proyek yang                          MNB, the Company took over the project being
         dibangun oleh MNB.                                             built by MNB.

         Pengambilalihan proyek ini mengakibatkan                       As a consequence, the Company’s investment
         penyertaan Perusahaan dinilai sudah tidak                      in MNB has no more economic value, therefore,
         memiliki nilai ekonomis dan mengakui kerugian                  the Company recognized the loss on the
         atas penurunan nilai penyertaan yang bersifat                  permanent impairment of its investment in year
         permanen tahun 2000 sebesar Rp9.500.                           2000 amounting to Rp9,500.




                                                          111
Page 965
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                            16. OTHER FINANCIAL ASSETS (continued)

    j.   PT Citra Mataram Satriamarga Persada                      j.   PT Citra Mataram Satriamarga Persada
         (CMSP)                                                         (CMSP)

         CMSP didirikan berdasarkan Akta Notaris                        CMSP was established based on the Notarial
         No. 36 tanggal 12 April 1996 dari Siti Pertiwi                 Deed No. 36 dated April 12, 1996 from Siti
         Henny Singgih, S.H. Penyertaan pada CMSP                       Pertiwi Henny Singgih, S.H. The investment in
         dilakukan        sehubungan           dengan                   CMSP relates to operation of the JORR Section
         penyelenggaraan proyek jalan tol JORR Seksi                    W2 (Kebon Jeruk - Pondok Pinang) toll road
         W2 (Kebon Jeruk - Pondok Pinang).                              project.

         Perusahaan memiliki 4.725.000 lembar saham                     The Company owns 4,725,000 shares at par
         dengan nilai nominal Rp1.000 (Rupiah penuh)                    value of Rp1,000 (full Rupiah) per share or
         per lembar saham atau setara dengan Rp4.725                    equivalent to Rp4,725 which represent 15% of
         yang merupakan 15% dari total kepemilikan.                     total ownership.

         Berdasarkan surat Perusahaan kepada CMSP                       Based      on    the     Company         Letter
         No. AA.HK.02.820 tanggal 21 Juni 2000,                         No. AA.HK.02.820 dated June 21, 2000 to
         mengenai     pengambilalihan     proyek    dan                 CMSP, regarding the takeover of the project and
         pengakhiran PKP, investasi Perusahaan pada                     termination of Concession Agreement, the
         CMSP dipandang sudah tidak memiliki nilai                      Company’s investment in CMSP was deemed to
         ekonomis, sehingga Perusahaan mengakui                         have no economic value, therefore, the
         kerugian atas penurunan nilai penyertaan tahun                 Company has recognized loss from the
         2000 sebesar Rp4.725.                                          impairment of this investment in 2000
                                                                        amounting to Rp4,725.

    k.   PT Margaraya Jawa Tol (MJT)                               k. PT Margaraya Jawa Tol (MJT)

         MJT didirikan berdasarkan Akta Notaris                         MJT was established based on the Notarial
         No. 18 tanggal 6 Juni 1997 dari Enimarya Agoes                 Deed No. 18 dated June 6, 1997 dari Enimarya
         Suwarako, S.H. Penyertaan pada MJT dilakukan                   Agoes Suwarako, S.H. The investment in MJT
         sehubungan dengan penyelenggaraan proyek                       relates to the construction and operation of the
         Jalan Tol Waru (Aloha) - Tanjung Perak.                        Waru (Aloha) - Tanjung Perak toll road project.
         Perusahaan memiliki 4.143.438 lembar saham                     The Company originally owned 4,143,438
         dengan nilai nominal Rp1.000 (Rupiah penuh)                    shares at par value of Rp1,000 (full Rupiah),
         per lembar saham atau setara dengan Rp4.143                    amounting to Rp4,143 which represent 5% of
         yang merupakan 5% dari total kepemilikan.                      total ownership.

         Berdasarkan Rapat Umum Pemegang Saham                          Based on the Extraordinary General Meeting of
         Luar Biasa mengenai restrukturisasi MJT yang                   Shareholders, regarding MJT restructuring, as
         tercantum dalam Akta Notaris Adrian Djuaini,                   included in the Notarial Deed No. 17 dated
         S.H., No. 17 tanggal 20 Oktober 2004,                          October 20, 2004, Adrian Djuaini, S.H., the
         Perusahaan memperoleh 1.250.000 lembar                         Company acquired 1,250,000 shares from
         saham dari hasil kapitalisasi atau konversi                    capitalization or conversion of convertible bond
         20.000.000 saham baru sehingga kepemilikan                     to 20,000,000 new shares, hence, the
         saham Perusahaan menjadi 5.393.438 lembar                      Company’s shares became 5,393,438 shares or
         saham atau setara dengan Rp5.393. Selain itu,                  equivalent to Rp5,393. In addition, MJT issued
         MJT juga mengeluarkan saham baru dari                          new shares from its portfolio of 110,458,000
         saham portepel sebanyak 110.458.000 lembar                     shares.
         saham.




                                                          112
Page 966
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

    k.   PT Margaraya Jawa Tol (MJT) (lanjutan)                     k. PT Margaraya Jawa Tol (MJT) (continued)

         Perusahaan tidak menambah modal disetor                         The Company did not increase its investment
         tersebut sehingga kepemilikan Perusahaan                        and as a result, the Company’s ownership
         mengalami dilusi menjadi sebesar 2,47%.                         diluted to 2.47%. The Government and MJT
         Pemerintah dan MJT telah menandatangani                         have entered into Concession Rights
         PPJT pada tanggal 19 Juli 2007 dengan masa                      Agreement on July 19, 2007 with concession
         konsesi hingga tahun 2047.                                      period until year 2047.

         Perusahaan menganggap penyertaan pada                           The Company has identified the invesment in
         MJT sudah tidak memiliki nilai ekonomis                         MJT does not have any expected future
         disebabkan    tidak   adanya    kepastian                       economic benefit and, therefore, the Company
         pengembalian investasi atas penyertaannya                       recognized the loss on impairment its invesment
         dan mengakui kerugian atas penurunan nilai                      amounting to Rp4,143 as an expense in 2019.
         penyertaan sebesar Rp4.143 sebagai beban
         tahun 2019.

    l.   PT Marga Mawatindo Esprit (MME)                            l.   PT Marga Mawatindo Esprit (MME)

         MME didirikan berdasarkan Akta Notaris No. 96                   MME was established based on the Notarial
         tanggal 30 Mei 1997 Siti Pertiwi Henny Singgih,                 Deed No. 96 dated May 30, 1997 Siti Pertiwi
         S.H. Penyertaan pada MME dilakukan                              Henny Singgih, S.H. The investment in MME
         sehubungan dengan penyelenggaraan proyek                        relates to the construction and operation of the
         jalan tol Semarang - Demak. Perusahaan                          Semarang - Demak toll road. The Company
         memiliki 1.154.364 lembar saham dengan nilai                    owns 1,154,364 shares at par value of Rp2,409
         nominal Rp2.409 (Rupiah penuh) per lembar                       (full Rupiah) per share or equivalent to
         saham atau setara dengan Rp2.780 yang                           Rp2,780, which represent 8.33% ownership.
         merupakan 8,33% kepemilikan.

         Berdasarkan Surat No. 001/SPK-DIR/2003                          Based on Letter No. 001/SPK-DIR/2003 dated
         tanggal 6 Januari 2003, Perusahaan dan MME                      January 6, 2003, the Company and MME
         sepakat untuk mengakhiri Perjanjian Kuasa                       agreed to terminate the Concession Rights
         Penyelenggaraan No. 58 tanggal 25 Februari                      Agreement No. 58 dated February 25, 1998.
         1998. Pengakhiran PKP ini mengakibatkan                         The result of such termination of Concession
         penyertaan pada perusahaan ini tidak memiliki                   Rights Agreement caused the Company’s
         nilai    ekonomis,    sehingga   Perusahaan                     investment to have no economic value,
         mengakui adanya kerugian atas penurunan                         therefore, the Company recognized the loss on
         nilai penyertaan tahun 2002 sebesar Rp2.781.                    impairment of the investment in year 2002
                                                                         amounting to Rp2,781.

    m. Marga Net One Limited (MNOL)                                 m. Marga Net One Limited (MNOL)

         MNOL didirikan berdasarkan hukum Negara                         MNOL was established based on the Law of
         Bangladesh sebagaimana termuat dalam                            Bangladesh as stated in The Company Act
         Incoporated Under The Company Act 1994                          1994 (ACT-XVIII of 1994) (Private Company
         (ACT-XVIII of 1994) (Private Company Limited                    Limited by Shares) and Memorandum of
         By Shares) dan Memorandum of Association of                     Association of Marga Net One Limited dated
         Marga Net One Limited tanggal 29 Februari                       February     29,      2003,    in   conjunction
         2003 dalam Certificate of Incoporation                          with      Certificate       of    Incorporation
         No. C-50732(1027)/2003 tanggal 11 Oktober                       No. C-50732(1027)/2003 dated October 11,
         2003 yang dikeluarkan Registrar of Joint Stock                  2003, issued by the Bangladesh’s Registrar of
         Companies And Firms dari Bangladesh.                            Joint Stock Companies And Firms.




                                                           113
Page 967
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

16. ASET KEUANGAN LAINNYA (lanjutan)                             16. OTHER FINANCIAL ASSETS (continued)

    m. Marga Net One Limited (MNOL) (lanjutan)                      m. Marga Net One Limited (MNOL) (continued)

         Berdasarkan Memorandum of Association of                        Based on the Memorandum of Association of
         MNOL tanggal 29 Februari 2003, Perusahaan                       MNOL dated February 29, 2003, the Company
         memiliki 200 lembar saham dengan nominal TK                     owns 200 shares at par value of TK 100 (full
         100 (mata uang Taka penuh) per lembar saham                     Taka amount) per share or 10% ownership and
         atau 10% kepemilikan dan setoran modal                          subscribed to paid in capital amounting to
         sejumlah US$1,800 atau setara dengan Rp15                       US$1,800 or equivalent to Rp15 on September
         yang dilakukan pada tanggal 2 September                         2, 2003.
         2003.

         Perusahaan menganggap penyertaan pada                           The Company has identified that the investment
         MNOL sudah tidak memiliki nilai ekonomis                        in MNOL does not have any expected future
         disebabkan     tidak   adanya     kepastian                     economic benefit and, therefore, the Company
         pengembalian investasi atas penyertaannya                       recognized the loss on impairment its
         dan mengakui kerugian atas penurunan nilai                      investment amounting to Rp15 as an expense
         penyertaan sebesar Rp15 sebagai beban tahun                     in 2006.
         2006.

    n.   PT Hutama Marga Waskita (HAMAWAS)                          n.   PT Hutama Marga Waskita (HAMAWAS)

         HAMAWAS didirikan berdasarkan Akta Notaris                      HAMAWAS was established based on the
         No. 24 tanggal 20 Februari 2017 dari Ni                         Notarial Deed No. 24 dated February 20, 2017
         Nyoman Rai Sumawati, S.H., M.Kn., dalam                         of Ni Nyoman Rai Sumawati, S.H., M.Kn., In the
         rangka pengusahaan ruas tol Kuala Tanjung -                     framework of exploiting the Kuala Tanjung -
         Tebing Tinggi - Parapat. Akta Pendirian                         Tebing Tinggi - Parapat toll road. The Deed of
         disahkan oleh Menteri Hukum dan Hak Asasi                       Establishment was authorized by the Minister of
         Manusia Republik Indonesia dalam Surat                          law and Human Rights of the Republic of
         Keputusan             No.             AHU-                      Indonesia in his Decision Letter No. AHU-
         0008223.AH.01.01.TAHUN 2017 tanggal 21                          0008223.AH.01.01.TAHUN          2017     dated
         Februari 2017.                                                  February 21, 2017.

         Berdasarkan Akta Pernyataan Keputusan Para                      Based on the Deed of Shareholders resolution
         Pemegang Saham di Luar Rapat Umum                               in lieu of General Meeting of HAMAWAS’s
         Pemegang Saham HAMAWAS No. 7 tanggal                            Shareholder No. 7 dated October 11, 2021, by
         11 Oktober 2021, oleh notaris Ni Nyoman Rai                     notary Ni Nyoman Rai Sumawati, S.H., M.Kn.,
         Sumawati, S.H., M.Kn, para pemegang saham                       the shareholders agreed to increase the
         menyetujui    peningkatan     modal    dasar                    authorized capital of HAMAWAS. The Company
         HAMAWAS. Perusahaan tidak melakukan                             did not make any payment, so the company’s
         pembayaran sehingga presentase kepemilikan                      percentage of ownership on HAMAWAS
         Perusahaan terhadap HAMAWAS turun dari                          decreased from 30% to 0.97%. The Company
         30% menjadi 0,97%. Perusahaan memiliki                          owned 53,560 shares at par value of
         53.560 lembar saham dengan nilai nominal                        Rp1,000,000 (full Rupiah) per share or
         Rp1.000.000 (Rupiah penuh) per lembar saham                     equivalent to Rp53,560.
         atau setara dengan Rp53.560.

         Nilai wajar investasi saham di HAMAWAS                          The fair value of share investments in
         ditentukan dengan menggunakan metode                            HAMAWAS is determined using the method of
         diskonto arus kas dan perbandingan nilai pasar.                 discounting cash flow and comparing market
         Nilai wajar investasi saham didasarkan pada                     values. The fair value of stock investment is
         penilaian yang dilakukan oleh KJPP Budi, Edy,                   based on the assessment made by KJPP Budi,
         Saptono dan Rekan, penilai independen yang                      Edy, Saptono and Rekan, independent
         terdaftar pada OJK, dalam laporannya tanggal                    appraisers registered with the OJK, in its reports
         17 Februari 2023 dan 12 Februari 2024 untuk                     dated February 17, 2023 and February 12, 2024
         untuk tahun yang berakhir 31 Desember 2022                      for the years ended December 31, 2022 and
         dan 2023.                                                       2023.



                                                           114
Page 968
PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                         unless otherwise stated)

17. ASET TIDAK LANCAR LAINNYA                                                     17. OTHER NON-CURRENT ASSETS

                                                            2023                         2022

    Tanah dalam Pengembangan                                       763.505                      720.925                             Land under Development
    Uang Muka Kontraktor dan Konsultan                             729.587                       34.446              Advances for Contractors and Consultants
    Biaya prakarsa                                                  99.944                      124.960                                          Initiative Cost
    Taksiran Tagihan Pajak                                                                                                   Estimated Claim for Tax Refund
       Entitas Anak                                               53.942                        117.318                                           Subsidiary
    Uang Muka Pembelian Tanah                                     47.573                         48.001                        Advances for Purchase of Land
    Aset Diambil Alih                                             26.102                         26.102                                     Foreclosed Assets
    Uang Muka Biaya Fasilitas Pinjaman                             8.522                         36.468                      Advances for Loans Facility Fee
    Uang Muka Setoran Modal                                        2.365                              -                      Advances for Capital Investment
    Lainnya                                                       17.160                         12.648                                                   Others
    Total Aset Lain-lain                                       1.748.700                      1.120.868                                     Total Other Assets
    Cadangan Kerugian Penurunan Nilai                                                                                       Allowance for Impairment Losses
      Aset Diambil Alih                                          (26.102)                       (26.102)                                 Foreclosed Assets
      Uang Muka Setoran Modal                                     (2.365)                           -                      Advances for Capital Investment
    Total Penurunan nilai                                        (28.467)                       (26.102)                             Total Impairment Losses
    Total - Bersih                                             1.720.233                      1.094.766                                              Total - Net


    a.   Tanah dalam pengembangan                                                   a.      Land under development

         Akun ini merupakan nilai tercatat tanah dalam                                      This account is the recorded value of land under
         pengembangan milik JMRB yang berada di TB                                          JMRB's development located in TB Simatupang
         Simatupang - Jakarta, Pesanggrahan - Jakarta,                                      - Jakarta, Pesanggrahan - Jakarta, Kaum Sari -
         Kaum Sari - Bogor, Ambawani - Cibinong.                                            Bogor, Ambawani - Cibinong. For the locations
         Untuk lokasi Ambawani, Bekasi Timur dan                                            of Ambawani, East Bekasi and Angraini,
         Angraini, Cibinong telah di reklasifikasi sebagai                                  Cibinong has been reclassified as a land ready-
         persediaan Tanah Siap Guna                                                         to-use.

                                              Realisasi /                                              Realisasi /
                                              Realization   Luas / Area                                Realization            Luas / Area
         Lokasi / Location                       (%)           (m2)                  2023                 (%)                    (m2)               2022
         TB Simatupang, Jakarta Selatan             86             19.569                   614.465             84                  18.874                 606.923
         TDC Delta Mas                              89             50.000                    71.055             58                  50.000                  46.025
         Pesanggrahan, Jakarta Selatan              100             3.115                    27.086            100                   3.115                  27.086
         Kaumsari, Bogor                            100             7.254                    26.403            100                   7.254                  26.403
         Paramount                                  50              1.000                    24.496              -                       -                       -
         Ambawani, Bekasi Timur                     100                 -                         -             35                   4.740                  11.156
         Angraini Cibinong                          100                 -                         -            100                   1.296                   3.332
         Total                                                                              763.505                                                        720.925


    b.   Uang Muka Setoran Modal                                                    b.      Advances for Capital Investment

                                                              2023                          2022

         PT Pilar Sinergi BUMN Indonesia (PSBI)                           2.365                            -           PT Pilar Sinergi BUMN Indonesia (PSBI)
         Subtotal                                                         2.365                            -                                         Subtotal
         Cadangan Kerugian Penurunan Nilai:                                                                                   Allowance for Impairment Losses:
           PT Pilar Sinergi BUMN Indonesia (PSBI)                     (2.365)                              -         PT Pilar Sinergi BUMN Indonesia (PSBI)
         Subtotal                                                     (2.365)                              -                                          Subtotal
         Total                                                              -                              -                                             Total




                                                                     115
Page 969
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

17. ASET TIDAK LANCAR LAINNYA (lanjutan)                            17. OTHER NON-CURRENT ASSETS (continued)

    c.   Biaya Prakarsa                                                c.   Initiative Cost

         Biaya Prakarsa adalah biaya prakarsa jalan tol                     Initiative costs are costs for toll road initiative in
         dalam rangka memprakarsai proyek ruas jalan                        relation with initiating new toll road projects. In
         tol baru. Pada tahun 2023, manajemen                               2023, Management impair initiative cost of the
         melakukan penurunan nilai terhadap biaya                           Ciranjang - Padalarang and Salabenda -
         prakarsa ruas Ciranjang - Padalarang dan                           Caringin.
         Salabenda - Caringin.

    d.   Aset Diambil Alih                                             d.   Foreclosed assets

                                                    2023                    2022
         Ruas Tol Porong - Gempol                          12.028                  12.028                   Porong - Gempol Toll Road
         Ruas Tol Cileunyi - Nagrek (PT Wijaya                                                  Cileunyi - Nagrek Toll Road (PT Wijaya
           Karya (Persero) Tbk                             12.000                  12.000                        Karya (Persero) Tbk
         Ruas Tol Pandaan - Pasuruan (PT Giri                                                   Pandaan - Pasuruan Toll Road (PT Giri
           Adya Sejati)                                     2.074                   2.074                                Adya Sejati)
         Subtotal                                          26.102                  26.102                                     Subtotal
         Cadangan Kerugian Penurunan Nilai:                                                         Allowance for Impairment Losses:
         Ruas Tol Porong - Gempol                          12.028                  12.028                  Porong - Gempol Toll Road
         Ruas Tol Cileunyi - Nagrek (PT Wijaya                                                            Cileunyi - Nagrek Toll Road
           Karya (Persero) Tbk)                            12.000                  12.000                      Karya (Persero) Tbk)
         Ruas Tol Pandaan - Pasuruan (PT Giri                                                   Pandaan - Pasuruan Toll Road (PT Giri
           Adya Sejati)                                     2.074                   2.074                              Adya Sejati)
         Subtotal                                          26.102                  26.102                                    Subtotal
         Total                                                  -                       -                                        Total


         Ruas Tol Porong - Gempol                                            Porong - Gempol Toll Road

         Jalan tol Seksi Porong - Gempol merupakan                           Section Porong - Gempol toll road is part of
         bagian dari jalan tol Surabaya - Gempol yang                        Surabaya - Gempol toll road that has been
         mengalami dampak dari musibah genangan                              affected by mud disaster of PT Lapindo
         lumpur PT Lapindo Brantas sehingga                                  Brantas which resulting in the toll road unable
         mengakibatkan jalan tol tersebut tidak dapat                        to operate (Note 46.b).
         beroperasi (Catatan 46.b).

         Sehubungan dengan dilakukannya penutupan                            In line with the partial closure of Section
         sebagian jalan tol Surabaya - Gempol Seksi                          Porong - Gempol of Surabaya - Gempol toll
         Porong - Gempol pada tanggal 11 Juli 2006,                          road on July 11, 2006, which followed up by
         dan ditindaklanjuti dengan Surat Menteri                            letter from the Minister of Public Works No.
         Pekerjaan Umum No. 297/KPTS/M/2006                                  297/KPTS/M/2006 dated August 11, 2006
         tanggal 11 Agustus 2006 tentang Pencabutan                          regarding the Temporary Revocation of Status
         Sementara Status Sebagai Jalan Tol Sebagian                         of Some Part of Section Porong - Gempol in
         Ruas Jalan Tol Porong - Gempol Seksi                                Surabaya - Gempol Toll Road, the Company
         Surabaya - Gempol, Perusahaan mencatat aset                         recognized the Section Porong - Gempol toll
         jalan tol seksi Porong - Gempol ke dalam Aset                       road into Other Non-current Assets amounting
         Tidak Lancar Lainnya sebesar Rp12.028.                              to Rp12,028.




                                                           116
Page 970
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

17. ASET TIDAK LANCAR LAINNYA (lanjutan)                             17. OTHER NON-CURRENT ASSETS (continued)

    d.    Aset Diambil Alih (lanjutan)                                  d.   Foreclosed assets (continued)

         Ruas Pandaan - Pasuruan                                             Pandaan – Pasuran Toll Road

         PT Giri Adya Sejati (GAS) selaku investor                           PT Giri Adya Sejati (GAS) as the investor in the
         proyek jalan tol pandaan- pasuruan tidak dapat                      Pandaan-Pasuruan toll road project was
         membayar biaya pekerjaan perencanaan yang                           unable to pay the costs of the planning carried
         dilakukan oleh PT ideoo Utama sesuai dengan                         out by PT Ideoo Utama in accordance with
         kontrak No. 105/g21-IDI/96 tanggal 15 Februari                      contract No. 105/g21-IDI/96 dated February
         1995,. Berdasarkan pasal 1 surat perjanjian                         15, 1995,. Based on article 1 of the agreement
         penyelesaian penggantian biaya perencanaan                          on settlement of reimbursement for planning
         jalan tol Pandaan – Pasuran No.13/SPK-                              costs for the Pandaan – Pasuran toll road
         Dir/2001 tanggal 14 Desember 2001, kedua                            No.13/SPK-Dir/2001 dated December 14,
         belah pihak sepakat bahwa pengantian biaya                          2001, both parties agreed that reimbursement
         pekerjaan perencanaan ditentukan oleh hasil                         for planning work costs would be determined
         Due diliigence. Berdasarkan laporan hasil due                       by the results of due diligence. Based on the
         dilligence oleh akuntan publik, nilai pekerjaan                     due diligence report by public accountant, the
         perencanaan jalan tol tersebut ditetapkan                           value cost of toll road planning was determined
         sebesar sebesar Rp2.074. Oleh karena itu,                           at Rp2,074. Therefore, in 2001 the Company
         pada tahun 2001 Perseroan mengakui                                  recognized a liability due to the termination of
         kewajiban karena pengakhiran PKP sebesar                            the PKP amounting to Rp.2,074. This
         Rp2.074. Kewajiban ini telah seluruhnya                             obligation was fully paid on February 14, 2002.
         dilunasi pada tanggal 14 Februari 2002.

         Ruas Cileunyi - Nagrek                                              Cileunyi – Nagrek Toll Road

         Pada tanggal 28 September 2001 Perusahaan                           On September 28, 2001, the Company and PT
         dan PT Wijaya Karya telah menandatangani                            Wijaya Karya signed an Agreement to
         Perjanjian Pengakhiran Perjanjian Kerjasama                         Terminate of concession agrement for the
         Penyelenggaraan (PKP) Bagi Hasil Jalan Tol                          Cileunyi - Nagreg Toll Road No. 38 dated May
         Cileunyi - Nagreg No.38 tanggal 9 Mei 1996                          9, 1996 which was stated in deed no. 12 dated
         yang dituangkan dalam Akta No. 12 tanggal 20                        September 20, 2001 by Notary Drs. Andy A.
         September 2001 oleh Notaris Drs. Andy                               Agus, S.H.,. Based on this agreement, an
         A.Agus, S.H.,. Berdasarkan perjanjian ini                           agreement was obtained to terminate the
         diperoleh kesepakatan Pengakhiran Perjanjian                        agreement with the provisions that the
         dengan ketentuan akan membayar biaya                                Company would pay the toll road financing
         pembiayaan jalan tol sebesar Rp12.000 dengan                        costs amounting to Rp12,000 in fixed
         cara angsuran tetap sesuai perhitungan                              installments according to the calculation as
         sebagaimana dicantumkan dan dituangkan                              stated and outlined in the Payables and
         dalam Perjanjian Hutang-Piutang No.13                               Receivables Agreement No. 13 dated
         tanggal 28 September 2001.                                          September 28, 2001.


18. PERPAJAKAN                                                       18. TAXATION

    a. Pajak dibayar dimuka                                             a.   Prepaid taxes

                                                   2023                      2022
         Entitas Anak                                                                                              Subsidiaries
           Pajak Pertambahan Nilai                         134.956                  86.149                   Value Added Tax
         Total                                             134.956                  86.149                               Total




                                                            117
Page 971
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                          18. TAXATION (continued)

    b.   Utang pajak                                                   b. Taxes payable

                                                 2023                     2022
          Perusahaan                                                                                          The Company
          Pajak Penghasilan:                                                                                    Income Tax:
            Pasal 4 (2)                                    3.174                   3.355                       Article 4 (2)
            Pasal 21                                       9.796                  13.874                         Article 21
            Pasal 22                                         106                      16                         Article 22
            Pasal 23                                       2.869                   1.874                         Article 23
            Pasal 26                                           -                       8                         Article 26
            Pasal 29                                                                                             Article 29
             2023                                        160.360                       -                             2023
             2022                                              -                 582.876                             2022
            Pasal 25                                      31.243                  19.008                         Article 25
          Pajak Pertambahan Nilai                         31.608                  15.335                    Value-Added Tax
                                                         239.156                 636.346
          Entitas Anak                                                                                          Subsidiaries
          Pajak Penghasilan:                                                                                     Income Tax:
            Pasal 4 (2)                                   25.598                  44.175                          Article 4 (2)
            Pasal 21                                      12.023                   3.020                          Article 21
            Pasal 23                                      36.579                  19.885                          Article 23
            Pasal 25                                       2.438                  28.413                          Article 25
            Pasal 26                                           5                       6                          Article 26
            Pasal 29                                                                                              Article 29
             2023                                         28.849                       -                              2023
             2022                                              -                  32.058                              2022
          Pajak Bumi Bangunan                             17.116                  20.518                        Property Tax
          Pajak Pertambahan Nilai                          1.148                     440                    Value-Added Tax
          Kewajiban Pajak Lainnya                            986                     948                 Other Tax Liabilities
                                                         124.742                 149.463
          Total                                          363.898                 785.809                                 Total


    c.   Beban pajak penghasilan                                       c. Income tax expenses

         Beban pajak penghasilan Kelompok Usaha                           The income tax expense of the Group consists
         terdiri dari:                                                    of the following:

                                                 2023                     2022
         Perusahaan                                                                                            The Company
           Pajak Kini                                    496.959             1.036.300                          Current Tax
           Pajak Tangguhan                                33.200             (169.209)                         Deferred Tax
                                                         530.159               867.091
         Entitas Anak                                                                                           Subsidiaries
           Pajak Kini                                    370.354                 224.786                        Current Tax
           Pajak Tangguhan                               276.423                 310.210                       Deferred Tax
                                                         646.777                 534.996
         Konsolidasian                                                                                          Consolidated
          Pajak kini                                     867.313             1.261.086                          Current Tax
          Pajak Tangguhan                                309.623               141.001                         Deferred Tax
         Total                                       1.176.936               1.402.087                                    Total


         Rekonsiliasi    antara   laba   konsolidasian                    A reconciliation between the consolidated
         sebeIum pajak penghasilan menurut laporan                        income before income tax as reported in the
         laba rugi konsolidasian dengan laba kena                         consolidated        statements        of     other
         pajak, menjadi dasar dalam pengisian SPT PPh                     comprehensive income and taxable income,
         Badan.                                                           are the basis for filling in the corporate income
                                                                          tax return.



                                                          118
Page 972
PT JASA MARGA (PERSERO) Tbk                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                     unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                       18. TAXATION (continued)

    c.   Beban pajak penghasilan (lanjutan)                                         c. Income tax expenses (continued)

                                                               2023                  2022
         Laba Konsolidasian Sebelum Pajak Penghasilan             7.926.425            3.725.795                          Consolidated Income Before Tax Income
         Ditambah: Laba Entitas Anak                            (6.088.444)            (247.029)                              Add: Portion of Subsidiaries Income
         Dampak eliminasi                                         5.792.715              458.400                                                Elimination effect
         Laba Sebelum Pajak Penghasilan - Perusahaan              7.630.696            3.937.166                               Income Before Tax - The Company

         Beda waktu                                                                                                                              Timing differences
         Provisi pelapisan ulang                                     12.094                 289.514                                              Provision of overlay
         Penyisihan piutang tak tertagih                           (44.009)                  (4.778)                                Allowance for doubtful accounts
         Provisi atas liabilitas imbalan kerja                     (81.811)                 (76.395)                       Provision of employee benefits liabilities
         Beban Insentif                                              15.818                 451.789                                              Incentive Expenses
         Penyusutan aset tetap dan hak pengusahaan jalan tol       (48.139)                 109.909     Depreciation of fixed assets and toll road concession rights
         Sewa                                                       (2.350)                    (487)                                                           Lease
         Subtotal                                                 (148.397)                 769.552                                                         Subtotal
         Beda tetap                                                                                                                         Permanent differences
         Beban tol dan usaha lainnya                                 43.204               189.507                                 Toll and other operating expense
         Bagian laba entitas anak dan entitas asosiasi          (5.512.818)             (356.103)                      Share in gain of subsidiaries and associates
         Beban bunga akrual                                          24.542               165.903                                        Accrued interest expenses
         Beban umum dan administrasi                                161.930               110.449                             General and administrative expenses
         Biaya atas penghasilan dikenakan pajak final                 6.701                11.569                                Cost of income subject to final tax
         Beban pajak                                                  3.782                 6.785                                                      Tax expenses
         Beban bunga efektif                                         56.150                52.463                                   Effective interest rate expenses
         Beban lainnya - bersih                                      80.322               397.391                                               Other expenses - net
         Beban pajak atas penghasilan keuangan                        9.662                12.409                                  Tax expense on interest income
         Beban piutang karyawan                                         263                   413                                   Employee receivable expenses
         Penghasilan dikenakan pajak final                         (20.409)              (36.702)                                         Income subject to final tax
         Keuntungan dari pelepasan investasi                              -             (418.573)                                           Income from divestment
         Penghasilan Investasi dan Dividen Saham                   (17.773)              (69.973)                         Investment Income and Stock Dividends
         Penghasilan Lain-lain                                     (13.408)                 (911)                                                      Other Income
         Pendapatan bunga yang telah dikenakan PPh Final           (45.542)              (60.878)                             Interest income subjected to final tax
         Subtotal                                               (5.223.391)                 3.749                                                            Subtotal
         Total                                                  (5.371.788)               773.301                                                               Total

         Taksiran Penghasilan Kena Pajak Perusahaan              2.258.908             4.710.467                      Estimated Taxable Income of the Company
         Total beban pajak kini                                                                                                       Current income tax provision
           Beban pajak kini Perusahaan                                496.959          1.036.300                     Current income tax expense - The Company
         Total                                                        496.959          1.036.300                                                             Total
         Pajak penghasilan dibayar dimuka                                                                                            Prepayment of income taxes
           Pajak Penghasilan Pasal 23                                  40.565               139.541                                      Income Tax Article 23
           Pajak Penghasilan Pasal 25                                 296.034               313.882                                      Income Tax Article 25
         Total                                                        336.599               453.424                                                        Total
         Utang pajak penghasilan                                                                                                            Income Tax Payable
           Perusahaan                                                 160.360               582.876                                             The Company
           Entitas Anak                                                28.849                32.058                                               Subsidiaries
         Total Utang Pajak - Konsolidasian                            189.209               614.934                           Income Tax Payable - Consolidated




                                                                 119
Page 973
PT JASA MARGA (PERSERO) Tbk                                                                                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                                 unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                                                                     18. TAXATION (continued)

    c.   Beban pajak penghasilan (lanjutan)                                                                                          c.            Income tax expenses (continued)

         Pajak tangguhan                                                                                                                           Deferred tax

         Pajak    tangguhan     dihitung  berdasarkan                                                                                              Deferred tax is calculated using all temporary
         pengaruh dari perbedaan temporer antara                                                                                                   differences between tax bases of assets and
         jumlah tercatat aset dan liabilitas menurut                                                                                               liabilities and their carrying amounts in the
         laporan keuangan konsolidasian dengan dasar                                                                                               consolidated financial statements. The details
         pengenaan pajak aset dan liabilitas. Rincian                                                                                              of deferred tax assets and liabilities are as
         aset dan liabilitas pajak tangguhan sebagai                                                                                               follows:
         berikut:
                                                                                                                             2023
                                                                                                                              Diakui di
                                                                                                                            Penghasilan
                                                                             Diakui di                                   Komprehensif Lain/           Dampak                     Dampak
                                                                            laba rugi/                 Penyesuaian         Recognized in            konsolidasi/           Pemekaran Usaha/
                                                    1 Januari 2023/       Recognized in                  PMK-72/        Other Comprehensive        Consolidation                Impact of            31 Desember 2023
                                                    January 1, 2023        Profit or loss          Adjustment of PMK-72        Income                  Effect              Business Expansion        December, 31 2023
         Liabilitas (Aset) Pajak Tangguhan                                                                                                                                                                                      Deferred Tax Liabilities (Assets)
         Perusahaan                                                                                                                                                                                                                                The Company
           Aset Tetap dan Aset Takberwujud                    753.976                  11.143                             -                    -                       -                         -              765.119      Fixed Assets and Intangible Assets
           Provisi Pelapisan Jalan Tol                       (99.319)                 (2.660)                             -                    -                       -                         -             (101.979)                  Provision for Overlay
           Liabilitas Imbalan Kerja                         (134.344)                  17.998                             -          (25.397)                          -                         -             (141.743)          Employee Benefits Liabilities
           Beban Insentif                                   (206.785)                 (3.480)                             -                    -                       -                         -             (210.265)                    Incentive Expenses
           Penyisihan piutang tak tertagih                   (13.064)                   9.682                             -                    -                       -                         -               (3.382)        Allowance for doubtful accounts
           Efek Tersedia untuk Dijual                           1.353                          -                          -              134                           -                         -                1.487           Securtities Available for Sale
           Aset Hak Guna                                        6.549                   4.331                             -                    -                       -                                         10.880                     Right-of-use Assets
           Liabilitas Sewa                                     (6.501)                (3.814)                             -                    -                       -                         -              (10.315)                       Lease Liabilities
           Total                                              301.865                  33.200                                        (25.263)                          -                         -              309.802                                   Total

         Entitas Anak                                                                                                                                                                                                                                Subsidiaries
           Aset Tetap dan Aset Takberwujud                  1.340.616                338.034                      22.463                       -         3.766.073                               -            5.467.186      Fixed Assets and Intangible Assets
           Provisi Pelapisan Jalan Tol                       (48.789)                   (809)                             -                    -                       -                         -              (49.598)                  Provision for Overlay
           Liabilitas Imbalan Kerja                               (36)                       62                           -               (1)                          -                         -                   25           Employee Benefits Liabilities
           Penyisihan Kerugian Penurunan Piutang               (4.427)                       58                           -                    -                       -                         -               (4.369)      Allowance for Impairment Losses
           Rugi Fiskal                                                -              (72.969)                                                  -                       -                         -              (72.969)                         Loss on Fiscal
           Beban Akrual                                      (21.852)                (12.126)                             -                    -                       -                         -              (33.978)                     Accrued Expenses
           Nilai Wajar Investasi Saham                         68.288                          -                          -          (34.120)                          -                         -               34.168      Fair Value of Investment in Shares
           Aset Hak Guna                                       13.711                   1.251                                                  -                       -                                         14.962                     Right-of-use Assets
           Liabilitas Sewa                                   (14.396)                       459                           -                    -                       -                         -              (13.937)                       Lease Liabilities
           Total                                            1.333.115                253.960                      22.463             (34.121)            3.766.073                               -            5.341.490                                 Total
         Liabilitas Pajak Tangguhan Konsolidasian           1.634.980                287.160                      22.463             (59.384)            3.766.073                               -            5.651.292      Consolidated Deferred Tax Liability




                                                                                                                              2022
                                                                                                                              Diakui di
                                                                                                                            Penghasilan
                                                                             Diakui di                                   Komprehensif Lain/    Dampak                            Dampak
                                                                            laba rugi/                 Penyesuaian         Recognized in    Dekonsolidasi/                 Pemekaran Usaha/
                                                    1 Januari 2022/       Recognized in                  PMK-72/        Other Comprehensive Deconsolidation                     Impact of            31 Desember 2022/
                                                    January 1, 2022        Profit or loss          Adjustment of PMK-72        Income           Effect                     Business Expansion        December 31, 2022
         Liabilitas (Aset) Pajak Tangguhan                                                                                                                                                                                       Deferred Tax Liabilities (Assets)
         Perusahaan                                                                                                                                                                                                                                 The Company
           Aset Tetap dan Aset Takberwujud                   993.122                 (24.087)                         -                    -                       -                  (215.059)                753.976       Fixed Assets and Intangible Assets
           Provisi Pelapisan Jalan Tol                        (96.716)               (63.693)                         -                    -                       -                   61.090                   (99.319)                  Provision for Overlay
           Liabilitas Imbalan Kerja                         (120.610)                 16.807                          -              (30.541)                      -                         -                 (134.344)          Employee Benefits Liabilities
           Beban Insentif                                   (107.391)                (99.394)                         -                    -                       -                         -                 (206.785)                    Incentive Expenses
           Penyisihan piutang tak tertagih                    (14.115)                 1.051                          -                    -                       -                         -                  (13.064)        Allowance for doubtful accounts
           Efek Tersedia Untuk Dijual                          (6.041)                        -                       -               7.394                        -                         -                    1.353            Securities Available for Sale
           Aset Hak Guna                                      10.567                  (4.018)                         -                    -                       -                         -                    6.549                     Right-of-use Assets
           Liabilitas Sewa                                    (10.626)                 4.125                          -                    -                       -                         -                   (6.501)                       Lease Liabilities
           Total                                             648.190                (169.209)                         -              (23.147)                      -                  (153.969)                301.865                                    Total

         Entitas Anak                                                                                                                                                                                                                                Subsidiaries
           Aset Tetap dan Aset Takberwujud                   858.031                 311.174                          -                    -              (43.648)                    215.059                 1.340.616      Fixed Assets and Intangible Assets
           Provisi Pelapisan Jalan Tol                                -               12.301                          -                    -                       -                   (61.090)                 (48.789)                  Provision for Overlay
           Liabilitas Imbalan Kerja                            (7.488)                      (27)                      -               7.479                        -                         -                      (36)          Employee Benefits Liabilities
           Penyisihan Kerugian Penurunan Piutang               (1.627)                (2.800)                         -                    -                       -                         -                   (4.427)      Allowance for Impairment Losses
           Rugi Fiskal                                                -                       -                       -                    -                       -                         -                           -                       Loss on Fiscal
           Beban Akrual                                       (12.232)                (9.620)                         -                    -                       -                         -                  (21.852)                     Accrued Expenses
           Nilai Wajar Investasi Saham                        83.596                          -                       -              (15.308)                      -                         -                  68.288       Fair Value of Investment in Shares
           Aset Hak Guna                                      10.489                   3.222                          -                    -                       -                         -                  13.711                      Right-of-use Assets
           Liabilitas Sewa                                    (10.356)                (4.040)                         -                    -                       -                         -                  (14.396)                       Lease Liabilities
           Total                                             920.413                 310.210                          -               (7.829)             (43.648)                    153.969                 1.333.115                                 Total
         Liabilitas Pajak Tangguhan Konsolidasian          1.568.603                 141.001                          -              (30.976)             (43.648)                           -                1.634.980      Consolidated Deferred Tax Liability




                                                                                                              120
Page 974
PT JASA MARGA (PERSERO) Tbk                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                        unless otherwise stated)

18. PERPAJAKAN (lanjutan)                                                          18. TAXATION (continued)

    c.   Beban pajak penghasilan (lanjutan)                                           c.   Income tax expenses (continued)

         Rekonsiliasi antara laba akuntansi sebelum                                        The reconciliation between the accounting
         pajak penghasilan dengan tarif pajak yang                                         income before income tax with the current tax
         berlaku dan beban pajak penghasilan sebagai                                       rate and income tax expense are as follows:
         berikut:

                                                                2023                       2022
         Laba Konsolidasian Sebelum Pajak                                                                                      Consolidated Income Before Tax
           Penghasilan Badan                                        7.926.425                 3.725.795                                      Corporate Income
         Ditambah: Laba Entitas Anak                              (6.088.444)                 (247.029)                      Add: Portion of Subsidiaries Income
         Efek eliminasi                                             5.792.715                   458.400                                        Elimination effect
         Laba Sebelum Pajak Penghasilan - Perusahaan               7.630.696                  3.937.166                       Income Before Tax - The Company

         Beban Pajak atas Laba                                                                                                             Revenue Tax Expense
           dengan Tarif Pajak yang Berlaku                          1.678.753                   866.176                                 with Effective Tax Rate
         Pengaruh Pajak atas Beda Tetap                           (1.149.146)                       825                 Tax Effect on the Permanent Differences
         Penyesuaian                                                      552                        90                                                Adjustment
         Total Beban Pajak                                            530.159                   867.091                                       Total Tax Expense
         Beban Pajak Entitas Anak - Neto                              646.777                   534.996                  Tax Expenses of the Subsidiaries - Net
         Beban Pajak - Neto                                         1.176.936                 1.402.087                                       Tax Expense - Net


    d.   Administrasi Pajak                                                           d.    Tax Administration

         Berdasarkan peraturan perpajakan Indonesia,                                        Based on Indonesian tax regulations, the
         Perusahaan menyampaikan surat pemberitahuan                                        Company submits its own notification letter on
         sendiri atas jumlah pajak yang terutang.                                           the amount of tax payable. The Directorate
         Direktorat Jenderal Pajak dapat menetapkan dan                                     General of Taxation may determine and
         mengubah kewajiban pajak dalam batas waktu 5                                       change tax obligations within a time limit of 5
         (lima) tahun setelah tanggal pajak terutang.                                       (five) years after the date when the tax become
                                                                                            payable.

    e.   Kontribusi Pajak                                                             e.    Tax Contribution

         Kontribusi    pajak     merupakan      kontribusi                                  Tax contributions represent the Group’s
         Kelompok Usaha kepada negara yang dibayar                                          contributions to the state which paid in the
         di tahun berjalan (tidak diaudit), dengan rincian                                  current year (unaudited), details as follows:
         sebagai berikut:

                                                                  2023                     2022
         Perusahaan                                                                                                                                  The Company
            Pajak Pusat                                                                                                                 Central Governance Tax
                Pajak Penghasilan                                      1.102.212               946.782                                          Income Tax
                Pajak Pertambahan Nilai                                  216.119               485.023                                    Value Added Tax
                Subtotal                                               1.318.331             1.431.805                                             Subtotal
            Pajak Daerah                                                                                                                              Local Tax
                 Pajak Bumi Bangunan                                     420.405               486.657                                Land and Building Tax
           Total                                                       1.738.736             1.918.462                                                      Total
         Entitas Anak                                                                                                                                 Subsidiaries
             Pajak Pusat                                                                                                                Central Governance Tax
                  Pajak Penghasilan                                      627.479                  557.787                                       Income Tax
                  Pajak Pertambahan Nilai                                 68.131                   35.891                                 Value Added Tax
                  Subtotal                                               695.610                  593.678                                          Subtotal
            Pajak Daerah                                                                                                                               Local Tax
                 Pajak Bumi Bangunan dan Pajak Atas                                                                               Land and Building Tax and
                   Perolehan Hak atas Tanah dan/atau Bangunan            206.133                   85.055   Acquisition Duty of Right on Land and Building
           Total                                                         901.743                  678.733                                                    Total
         Total Kontribusi Pajak                                        2.640.479             2.597.195                                      Total Tax Contribution




                                                                       121
Page 975
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

19.   UTANG USAHA                                                 19. ACCOUNTS PAYABLE

      Akun ini merupakan utang kepada pemasok terkait                This account represents payables to suppliers
      dengan pengadaan barang cetakan, alat tulis                    related to the procurement of printing goods, office
      kantor, obat-obatan, pakaian dinas, dan utang                  stationery, medicine, uniform, and toll road
      usaha atas jasa pemeliharaan dan pembersihan                   maintenance and cleaning services.
      jalan tol.

                                                 2023                    2022
      Pihak Berelasi (Catatan 44)                         9.523                   6.821              Related Parties (Note 44)
      Pihak Ketiga                                                                                                Third Parties
        PT Armada Antar Lintas Nusa                      16.984                  16.842       PT Armada Antar Lintas Nusa
        PT Tirtobumi Adyatunggal                         10.012                       -           PT Tirtobumi Adyatunggal
        CV Tirta Nusa Tjipta                              5.980                   1.661                 CV Tirta Nusa Tjipta
        PT Eskapindo Matra                                5.033                       -                 PT Eskapindo Matra
        PT Mitra Setya Utama                              4.501                       -               PT Mitra Setya Utama
        UPTD Tahura Bukit Soeharto                        4.025                       -        UPTD Tahura Bukit Soeharto
        Inti Karya Utama                                  3.838                      98                    Inti Karya Utama
        CV Putra Mandiri                                  3.655                       -                    CV Putra Mandiri
        PT Tataartha Swabuana Pratama                     3.649                       -    PT Tataartha Swabuana Pratama
        PT Tyvas Adhigana                                 3.569                     123                  PT Tyvas Adhigana
        PT Pramita                                        2.890                       -                          PT Pramita
        CV Sinar Terang Abadi                             2.801                   1.080              CV Sinar Terang Abadi
        PT Pulo Airbiru                                   2.760                      78                      PT Pulo Airbiru
        PT Buntara Megah Inti                             2.672                   1.550               PT Buntara Megah Inti
        PT Secon Dwitunggal Putra                         2.585                     580         PT Secon Dwitunggal Putra
        PT Sinergi Prima Inti                             2.545                       -                PT Sinergi Prima Inti
        PT Pelita Adhidaya Servindo                       2.329                   1.115        PT Pelita Adhidaya Servindo
        PT DCT Total Solutions                            2.277                       -            PT DCT Total Solutions
        CV Kawijaya                                       2.229                       -                         CV Kawijaya
        PT Integrasi Transit Jakarta                      2.209                       -         PT Integrasi Transit Jakarta
        PT Subur Jaya Mukti                               2.053                   2.039                PT Subur Jaya Mukti
        Lain-lain (di bawah Rp2.000)                     81.111                 102.739             Others (below Rp2,000)
      Subtotal                                          169.707                 127.905                                Subtotal
      Total                                             179.230                 134.726                                  Total


      Seluruh utang usaha terdenominasi dalam mata                   All account payables are denominated in Rupiah.
      uang Rupiah.




                                                         122
Page 976
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

20. UTANG KONTRAKTOR                                           20. CONTRACTOR PAYABLE

     Akun ini merupakan utang kepada kontraktor,                  This account represents payables to contractors,
     konsultan dan rekanan sehubungan dengan                      consultants and partners associated with the
     pembangunan jalan, pelapisan ulang, pengadaan                construction of roads, overlay and procurement of
     fasilitas tol, dan bangunan lain.                            toll facilities, and other buildings.

     Utang kontraktor jangka pendek                                Short-term contractor payables
                                              2023                 2022
     Pihak Berelasi (Catatan 44)                     336.172              241.416                        Related Parties (Note 44)
     Pihak Ketiga                                                                                                    Third Parties
       PT Marga Maju Mapan                            31.184               24.557                        PT Marga Maju Mapan
       PT Roadmixindo Raya                            22.530               11.007                        PT Roadmixindo Raya
       KSO Adhi-Abipraya-MKN                          15.375                    -                     KSO Adhi-Abipraya-MKN
       KSO PP-Waskita-Wika                            10.794                    -                        KSO PP-Waskita-Wika
       PT Gienda Putra                                 9.559                4.479                              PT Gienda Putra
       PT Tirtobumi Adyatunggal                        7.638                7.041                     PT Tirtobumi Adyatunggal
       PT Dirgantara Yudha Artha                       6.619               19.464                    PT Dirgantara Yudha Artha
       PT Multi Karya Cemerlang                        6.489               17.438                    PT Multi Karya Cemerlang
       PT Amber Hasya                                  5.417               14.519                              PT Amber Hasya
       PT Delameta Bilano                              5.138                7.592                           PT Delameta Bilano
       PT Sinabung                                     4.546                2.400                                  PT Sinabung
       PT Module Intracs Yasatama                      4.182                9.019                  PT Module Intracs Yasatama
       KSO HKI-ACSET-NK                                3.357                    -                          KSO HKI-ACSET-NK
       PT Modern Widya Tehnical                        3.263                  742                    PT Modern Widya Tehnical
       PT Tyvas Prast Adhigana                         2.833                  734                     PT Tyvas Prast Adhigana
       PT Evic Mora Sugih                              2.764                  693                           PT Evic Mora Sugih
       PT Kadi International                           2.568               12.374                          PT Kadi International
       KSO Abipraya-Aremix                                 -               12.144                         KSO Abipraya-Aremix
       PT Mitra Setya Utama                                -               11.872                         PT Mitra Setya Utama
       PT Perkasa Adiguna Sembada                          -                4.155                 PT Perkasa Adiguna Sembada
       PT Trimurti Perkasa                                 -                2.774                           PT Trimurti Perkasa
       Lain-lain (Di bawah Rp2.000)                   79.888               53.363                       Others (Below Rp2,000)
     Subtotal                                        224.144              216.367                                         Subtotal
     Total                                           560.316              457.783                                            Total




     Utang kontraktor jangka panjang                               Long-term contractors payables
                                              2023                 2022
     Pihak Berelasi (Catatan 44)                     267.658              213.454                        Related Parties (Note 44)
     Pihak Ketiga                                                                                                    Third Parties
       KSO Adhi-Abipraya-MKN                         110.983                    -                      KSO Adhi-Abipraya-MKN
       KSO PP-Waskita-Wika                           105.489                    -                        KSO PP-Waskita-Wika
       Lain-lain (Di bawah Rp2.000)                    4.000                    -                       Others (Below Rp2,000)
     Total                                           488.130              213.454                                            Total


     Seluruh utang kontraktor terdenominasi dalam                 All contractor payables are denominated in Rupiah.
     mata uang Rupiah.


21. LIABILITAS KEUANGAN JANGKA PENDEK                          21. OTHER CURRENT FINANCIAL LIABILITIES
    LAINNYA

     Akun ini terdiri dari:                                       This account consists of:

                                             2023                   2022
     Pihak Ketiga                                                                                                   Third Parties
       Utang titipan                                 321.308                209.612                           Deposit payable
       Utang pencadangan                                                                                         Provisions for
         Multi Lane Free Flow (MLFF)                 257.096                258.638           Multi Lane Free Flow (MLFF)
       Utang pinjaman afiliasi TMJ                   162.518                 42.000                 Due to related party - TMJ
       Utang jaminan pihak lain                       29.446                 77.080                        Guarantee payable
       Lainnya (Di bawah Rp2.000)                    185.414                136.644                   Others (Below Rp2,000)
     Total                                           955.782                723.974                                         Total




                                                       123
Page 977
PT JASA MARGA (PERSERO) Tbk                                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                        unless otherwise stated)

22. BEBAN AKRUAL                                                                                    22. ACCRUED EXPENSES

     Akun ini terdiri dari:                                                                               This account consists of:

                                                                            2023                            2022
     Beban kontraktor dan konsultan                                                                                                      Contractors and consultant expense
       Pihak Berelasi (Catatan 44)                                                2.679.752                       1.839.415                      Related Parties (Note 44)
       Pihak Ketiga                                                               2.684.231                       1.130.008                                  Third Parties
     Beban umum dan administrasi                                                                                                      General and administrative expenses
       Pihak Ketiga                                                               1.588.273                       1.261.019                                Third Parties
     Akrual insentif kinerja                                                        936.739                         932.930                 Performance incentive accrual
     Hutang investasi ke Pemerintah                                                 715.029                         549.674                Goverment's invesment liability
     Beban bunga                                                                                                                                          Interest expenses
       Pihak Berelasi (Catatan 44)                                                                                                             Related Parties (Note 44)
         Utang bank                                                                     13.826                        10.839                                Bank loans
       Pihak Ketiga                                                                                                                                          Third Parties
         Utang pembebasan lahan                                                         88.555                      112.172                   Land acquisition liability
         Utang bank sindikasi                                                           81.853                       39.112                      Syndicated bank loan
         Utang obligasi                                                                  5.013                        9.648                             Bonds payable
         Utang bagi hasil                                                                                                                      Profit Sharing Liabilites
            PT Bank Maybank Indonesia Tbk                                               13.809                            4.875     PT Bank Maybank Indonesia Tbk
            PT Bank DKI                                                                  5.425                            4.253                         PT Bank DKI
            PT Bank Permata Tbk                                                          2.500                            1.452               PT Bank Permata Tbk
            PT Bank CIMB Niaga Tbk                                                         650                              729           PT Bank CIMB Niaga Tbk
         Utang bank                                                                                                                                         Bank loans
            PT Bank Central Asia Tbk                                                  8.744                           6.892               PT Bank Central Asia Tbk
            PT Bank Danamon Indonesia Tbk                                             6.089                           1.591         PT Bank Danamon Indonesia Tbk
            PT Bank Maybank Indonesia Tbk                                                74                               -         PT Bank Maybank Indonesia Tbk
     Lain-lain                                                                        4.999                          13.715                                           Others
     Total                                                                        8.835.561                       5.918.324                                            Total
     Dikurangi bagian lancar                                                      8.120.532                       5.224.379                            Net of current portion
     Bagian tidak lancar                                                            715.029                         693.945                                 Non - current portion



23. UTANG BANK                                                                                      23. BANK LOANS

     Utang bank jangka pendek:                                                                            Short-term bank loans:

                                                                               2023                        2022
     Pihak Berelasi (Catatan 44)                                                    2.726.257                 1.598.442                                Related Parties (Note 44)
     Pihak Ketiga                                                                                                                                                  Third Parties
       PT Bank Maybank Indonesia Tbk                                                1.006.128                         -                        PT Bank Maybank Indonesia Tbk
       PT Bank Central Asia Tbk                                                       767.030                    54.087                              PT Bank Central Asia Tbk
       PT Bank Shinhan Indonesia                                                            -                   200.000                            PT Bank Shinhan Indonesia
       PT Bank Permata Tbk                                                                  -                       645                                 PT Bank Permata Tbk
     Total                                                                          4.499.415                 1.853.174                                                    Total


     Informasi lain mengenai pinjaman bank pada                                                           Other information related to bank loans as at
     tanggal 31 Desember 2023 adalah sebagai berikut:                                                     December 31, 2023 is as follows:
                                                         Jumlah
                                                         Fasilitas    Tanggal Jatuh
                                                        Terutang/    Tempo Perjanjian     Suku Bunga
                                                       Outstanding        Kredit/          Per Tahun/
                Kreditur/         Nama Fasilitas/        Facility    Maturity Date Of     Interest rate            Agunan/            Pelunasan/    Interest Coverage        Debt to Equity
                Creditor           Facility Type         Amount      Credit Agreement      per annum              Collateral          Acquittance       Ratio (ICR)           Ratio (DER)
     Perusahaan/The Company
                                  Kredit Modal Kerja                                                                                                                       Maksimal 5 (lima)
                                                                                                                                                     Minimal 110% / 1.1/
       PT Bank Negara Indonesia   IV (KMK)/                          30 Agustus 2024/                                                                                      kali / 500%/
                                                                -                               -                     -                 1.100.000   Minimum 110%/
       (Persero), Tbk ("BNI")     Working Capital                    August 30, 2024                                                                                       Maximum 5 (Five)
                                                                                                                                                    1.1
                                  Credit IV (KMK)                                                                                                                          times/ 500%




                                                                                         124
Page 978
PT JASA MARGA (PERSERO) Tbk                                                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                  unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                     23. BANK LOANS (continued)

     Utang bank jangka pendek: (lanjutan)                                                                             Short-term bank loans: (continued)

                                                                 Jumlah        Tanggal Jatuh
                                                                 Fasilitas    Tempo Perjanjian     Suku Bunga
                                                                Terutang/          Kredit/          Per Tahun/                                                                 Debt Service
                   Kreditur/               Nama Fasilitas/     Outstanding    Maturity Date Of     Interest rate                   Agunan/                     Pelunasan/     Coverage Ratio         Debt to Equity
                   Creditor                 Facility Type        Facility     Credit Agreement      per annum                     Collateral                   Acquittance       (DSCR)               Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Jasamarga Balikpapan Samarinda
     Pinjaman Dana Talangan Tanah/ Land Bailout Loans
        PT Bank Negara Indonesia       Dana Talangan                     -    31 Desember 2023/          -                                                          56.925            -            Maksimal 70:30
                                                                                                                   Hak konsesi, Fidusia atas tagihan
        (Persero), Tbk ("BNI")         Tanah/                                 December 31, 2023                                                                                                    antara porsi kreditur
                                                                                                                   pengembalian dana talangan tanah
                                       Land Bailout                                                                                                                                                dan debitur/
                                                                                                                   kepada BLU LMAN dan Rekening dana
                                                                                                                                                                                                   Maximum 70:30
                                                                                                                   talangan tanah dan kuasa mendebet
                                                                                                                                                                                                   between the portion
                                                                                                                   rekening (Catatan 13)/ Concession
                                                                                                                                                                                                   of creditors and
                                                                                                                   rights, Fiduciary on bills for returning
                                                                                                                                                                                                   debitors
                                                                                                                   land bailout funds to BLU LMAN and
                                                                                                                   Accounts for land bailout funds and
                                                                                                                   authorization to debit accounts (Note 13)


     Entitas Anak/ Subsidiaries - PT Jasamarga Japek Selatan
     Pinjaman Sindikasi/ Syndicated Loans
                                                                                                                                                                                                   Maksimal 70:30
                                                                                                                                                                                                   antara porsi kreditur
                                                                                                                                                                             Minimal lebih dari
                                           Pinjaman                                                                                                                                                dan debitur/
          PT Bank Negara Indonesia                                               17 Juli 2024/                                                                               100% / 1 kali/
                                           Talangan/              1.538.257                           6,75%                            -                             2.206                         Maximum 70:30
          (Persero), Tbk ("BNI")                                                July 17, 2024                                                                                Minimum more
                                           Bridging Loan                                                                                                                                           between the portion
                                                                                                                                                                             than 100% / 1 time
                                                                                                                                                                                                   of creditors and
                                                                                                                                                                                                   debitors

                                           Kredit Jangka
          PT Bank Central Asia, Tbk                                            31 Agustus 2024/
                                           Pendek/                 729.088                            6,40%                            -                                              -                      -
          ("BCA")                                                              August 31, 2024
                                           Short Term Credit


     Entitas Anak/ Subsidiaries - PT Jasamarga Probolinggo Banyuwangi
     Pinjaman Sindikasi/ Syndicated Loans
        PT Bank Mandiri (Persero), Tbk   Pinjaman                        -    31 Desember 2023/          -                             -                           344.437   EBITDA to Interest    Maksimal 5:1/
        ("Mandiri")                      Talangan/                            December 31, 2023                                                                              Ratio :               Maximum 5:1
                                         Bridging Loan                                                                                                                       Minimal 1,10:1/
                                                                                                                                                                             Minimal 1,10:1

     Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Bawen
     Pinjaman Dana Talangan Tanah/ Land Bailout Loans
                                          Kredit Jangka
        PT Bank Maybank Indonesia, Tbk Pendek/                                21 September 2024/
                                                                   444.128                            7,00%                            -                            -                 -                      -
        ("Maybank")                       Short Term                          September 21, 2024
                                          Credit
                                          Kredit Jangka                                                                                                                                            Maksimal 70% dari
        PT Bank Central Asia, Tbk         Pendek/                              26 Desember 2024/                                                                                                   Project Cost /
                                                                    37.943                            6,50%                            -                            -                 -
        ("BCA")                           Short Term                           Desember 26, 2024                                                                                                   Maximum 70% of
                                          Credit                                                                                                                                                   Project Cost

     Entitas Anak/ Subsidiaries - PT Jasamarga Transjawa Tol
     Pinjaman Dana Talangan Tanah/ Land Bailout Loans

                                           Kredit Jangka                                                                                                                     Interest Coverage     Maksimal 5 (lima)
          PT Bank Negara Indonesia         Pendek/                             20 Januari 2024/                                                                              Ratio (ICR):          kali / 500%/
                                                                   563.000                            6,00%                            -                           737.000
          (Persero), Tbk ("BNI")           Short Term                          January 20, 2024                                                                              Minimal 110% / 1.1/   Maximum 5 (Five)
                                           Credit                                                                                                                            Minimun 110%/ 1.1     times/ 500%

                                                                                                                                                                             Debt Service
                                           Kredit Jangka
                                                                                                                                                                             Coverage Ratio
          PT Bank Mandiri (Persero), Tbk   Pendek/                             21 Januari 2024/                                                                                                    Maksimal 3:1/
                                                                   525.000                            5,88%                            -                           675.000   (DSCR):
          ("Mandiri")                      Short Term                          January 21, 2024                                                                                                    Maximum 3:1
                                                                                                                                                                             Minimal 1.5 : 1/
                                           Credit
                                                                                                                                                                             Minimum 1.5 : 1
                                                                                                                                                                             Interest Coverage
                                                                                                                                                                             Ratio (ICR):
                                           Kredit Jangka                                                                                                                     Minimal 1.25 : 1/     Maksimal 5 (lima)
          PT Bank Maybank Indonesia ,      Pendek/                             20 Januari 2024/                                                                              Minimum 1.25 : 1      kali / 500%/
                                                                   562.000                            6,00%                            -                           400.000
          Tbk ("Maybank")                  Short Term                          January 20, 2024                                                                              Debt Service          Maximum 5 (Five)
                                           Credit                                                                                                                            Coverage Ratio        times/ 500%
                                                                                                                                                                             (DSCR): Minimal 1
                                                                                                                                                                             : 1 / Minimum 1 : 1
                                           Kredit Jangka                                                                                                                     EBITDA to Interest    Maksimal 5 (lima)
          PT Bank Danamon, Tbk             Pendek/                            21 November 2023/                                                                              Ratio:                kali / 500%/
                                                                         -                               -                             -                            50.000
          ("Danamon')                      Short Term                         November 21, 2023                                                                              Minimal 110% / 1.1/   Maximum 5 (Five)
                                           Credit                                                                                                                            Minimun 110%/ 1.1     times/ 500%

                                           Kredit Jangka                                                                                                                     EBITDA to Interest    Maksimal 5 (lima)
          PT Bank Central Asia, Tbk        Pendek/                             20 Oktober 2023/                                                                              Ratio:                kali / 500%/
                                                                         -                               -                             -                           500.000
          ("BCA")                          Short Term                          October 20, 2023                                                                              Minimal 110% / 1.1/   Maximum 5 (Five)
                                           Credit                                                                                                                            Minimun 110%/ 1.1     times/ 500%

                                           Kredit Jangka                                                                                                                     EBITDA to Interest    Maksimal 5 (lima)
          PT Bank Syariah Indonesia, Tbk   Pendek/                             20 Januari 2024/                                                                              Ratio:                kali / 500%/
                                                                   100.000                            6,15%                            -                                 -
          ("BSI")                          Short Term                          January 20, 2024                                                                              Minimal 110%/ 1.1/    Maximum 5 (Five)
                                           Credit                                                                                                                            Minimun 110%/ 1.1     times/ 500%

     To                                                          4.499.415                                                                                       3.865.568




                                                                                                   125
Page 979
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                         unless otherwise stated)

23. UTANG BANK (lanjutan)                                               23. BANK LOANS (continued)

     Utang bank jangka panjang:                                            Long–term bank loans:

                                                       2023                 2022
     Bagian jatuh tempo dalam satu tahun -                                                                              Current maturities of -
       utang bank jangka panjang                                                                                        long-term bank loan
     Pihak Berelasi (Catatan 44)                              815.638              257.903                             Related Parties (Note 44)
     Pihak Ketiga                                                                                                                  Third Parties
       PT Bank DKI                                        1.750.000                      -                                       PT Bank DKI
       PT Bank Danamon Indonesia Tbk                      1.004.901                  3.419                   PT Bank Danamon Indonesia Tbk
       PT Bank Danamon Indonesia Tbk -                                                                     PT Bank Danamon Indonesia Tbk -
         Unit Usaha Syariah                               1.000.000                      -                             Sharia Business Unit
       PT Bank Central Asia Tbk                             357.606                 36.262                          PT Bank Central Asia Tbk
       PT Bank Permata Tbk                                   35.891                 22.227                              PT Bank Permata Tbk
       PT Bank CIMB Niaga Tbk                                18.450                      -                          PT Bank CIMB Niaga Tbk
       PT Bank Mega Tbk                                      14.489                  7.217                                PT Bank Mega Tbk
       PT Bank ICBC Indonesia                                12.583                  4.714                           PT Bank ICBC Indonesia
       PT Bank Pembangunan Daerah Sumatera Utara             10.841                  6.775      PT Bank Pembangunan Daerah Sumatera Utara
       PT Bank Pembangunan Daerah Bali                        9.658                  8.567                PT Bank Pembangunan Daerah Bali
       PT Bank KEB Hana Indonesia                             9.249                      -                      PT Bank KEB Hana Indonesia
       PT Bank Pembangunan Daerah Jawa Timur Tbk              7.239                  3.606      PT Bank Pembangunan Daerah Jawa Timur Tbk
       PT Bank Pembangunan Daerah Papua                       5.065                  2.523              PT Bank Pembangunan Daerah Papua
       PT Bank Pembangunan Daerah Riau                        4.940                  1.109                PT Bank Pembangunan Daerah Riau
       PT Bank Pembangunan Daerah                                                                             PT Bank Pembangunan Daerah
         Sulawesi Selatan dan Sulawesi Barat                  4.940                  1.109             Sulawesi Selatan dan Sulawesi Barat
       PT Bank Muamalat Indonesia Tbk                         4.348                  2.166                  PT Bank Muamalat Indonesia Tbk
       PT Bank Pembangunan Daerah Kalimantan Selatan          2.902                  1.445   PT Bank Pembangunan Daerah Kalimantan Selatan
       PT Bank Pembangunan Daerah Jawa Tengah                 1.853                    415        PT Bank Pembangunan Daerah Jawa Tengah
       PT Bank Jabar Banten Syariah                           1.449                    720                     PT Bank Jabar Banten Syariah
       Subtotal                                           4.256.404                102.274                                           Subtotal
       Total Bagian Jatuh Tempo dalam Satu Tahun -                                                          Total Current Maturities of Long
         Utang Bank Jangka Panjang                        5.072.042                360.177                               Term Bank Loans
     Bagian jangka panjang setelah dikurangi bagian                                                         Long-term portion - net off current
        yang jatuh tempo dalam satu tahun                                                                                         maturities
     Pihak Berelasi (Catatan 44)                         35.263.080           24.057.717                              Related Parties (Note 44)
     Pihak Ketiga                                                                                                                 Third Parties
       PT Bank Central Asia Tbk                          13.602.235           10.412.739                            PT Bank Central Asia Tbk
       PT Bank Maybank Indonesia Tbk                      1.943.511            3.000.000                     PT Bank Maybank Indonesia Tbk
       PT Bank CIMB Niaga Tbk                             1.229.459              700.000                            PT Bank CIMB Niaga Tbk
       PT Bank Danamon Indonesia Tbk                      1.129.200            2.134.243                     PT Bank Danamon Indonesia Tbk
       PT Bank Mega Tbk                                     940.507              955.050                                  PT Bank Mega Tbk
       PT Bank ICBC Indonesia                               593.454              610.744                             PT Bank ICBC Indonesia
       PT Bank Permata Tbk                                  500.000              500.000                                PT Bank Permata Tbk
       PT Bank Pembangunan Daerah Jawa Timur Tbk            494.562              477.192        PT Bank Pembangunan Daerah Jawa Timur Tbk
       PT Bank Pembangunan Daerah Papua                     345.240              333.901                PT Bank Pembangunan Daerah Papua
       PT Bank Muamalat Indonesia Tbk                       282.218              286.582                    PT Bank Muamalat Indonesia Tbk
       PT Bank Pembangunan Daerah Sumatera Utara            210.092              232.072        PT Bank Pembangunan Daerah Sumatera Utara
       PT Bank Pembangunan Daerah Kalimantan Selatan        188.364              191.277     PT Bank Pembangunan Daerah Kalimantan Selatan
       PT Bank KEB Hana Indonesia                           164.422                    -                        PT Bank KEB Hana Indonesia
       PT Bank Pembangunan Daerah Riau                      158.169              163.236                  PT Bank Pembangunan Daerah Riau
       PT Bank Pembangunan Daerah                                                                             PT Bank Pembangunan Daerah
         Sulawesi Selatan dan Sulawesi Barat                  158.169            163.236               Sulawesi Selatan dan Sulawesi Barat
       PT Bank Jabar Banten Syariah                            93.854             95.305                       PT Bank Jabar Banten Syariah
       PT Bank Pembangunan Daerah Jawa Tengah                  59.316             61.216          PT Bank Pembangunan Daerah Jawa Tengah
       PT Bank Pembangunan Daerah Bali                         40.252             44.977                  PT Bank Pembangunan Daerah Bali
       PT Bank DKI                                                  -          1.500.000                                        PT Bank DKI
       PT Bank Danamon Indonesia Tbk -                                                                     PT Bank Danamon Indonesia Tbk -
         Unit Usaha Syariah                                       -            1.000.000                              Sharia Business Unit
       Subtotal                                          22.133.024           22.861.770                                            Subtotal
         Biaya belum diamortisasi                         (349.659)            (231.744)                                  Unamortized cost
     Total bagian jangka panjang setelah dikurangi
         bagian yang jatuh tempo dalam satu tahun        57.046.445           46.687.743           Long-term portion - net off current maturities
     Total Utang Bank Jangka Panjang                     62.118.487           47.047.920                          Total Long-Term Bank Loans




                                                               126
Page 980
PT JASA MARGA (PERSERO) Tbk                                                                                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                     unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                       23. BANK LOANS (continued)

     Utang bank jangka panjang:                                                                                                      Long–term bank loans:

     Informasi lain mengenai pinjaman bank pada                                                                                       Other information related to bank loans as at
     tanggal 31 Desember 2023 adalah sebagai berikut:                                                                                 December 31, 2023 is as follows:
                                                                         Jumlah Fasilitas Terutang/
                                                                        Outstanding Facility Amount


                                                                                          Porsi jangka
                                                                                        panjang setelah
                                                                                         dikurangi satu       Tanggal Jatuh
                                                                                             Tahun/          Tempo Perjanjian     Suku Bunga
                                                                  Jatuh tempo dalam    Long-term portion -        Kredit/          Per Tahun/
                   Kreditur/                 Nama Fasilitas/          satu tahun/        net off current     Maturity Date Of     Interest rate                  Agunan/                  Pelunasan/       Interest Coverage       Debt to Equity
                   Creditor                   Facility Type       Current maturities       maturities        Credit Agreement      per annum                    Collateral                Acquittance          Ratio (ICR)          Ratio (DER)
     Perusahaan/The Company
                                           PMK iB                                                                                                                                                                                Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank CIMB Niaga, Tbk            Musyarakah/                                                          31 Juli 2025/                                                                                                    kali / 500%/
                                                                                   -              500.000                            6,50%                          -                         200.000      Minimum 110%/
        ("CIMB")                           PMK iB                                                              July 31, 2025                                                                                                     Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Musyarakah                                                                                                                                                                            times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Mandiri (Persero), Tbk     Term Loan/                                                         21 Oktober 2025/                                                                                                   kali / 500%/
                                                                                   -             2.200.000                           6,50%                          -                       3.600.000      Minimum 110%/
        ("Mandiri")                        Term Loan                                                          October 21, 2025                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                                                                                                                                                                                                                 times/ 500%

                                           Kredit Modal Kerja I                                                                                                                                                                  Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Negara Indonesia           (KMK)/                                                            26 September 2026/                                                                                                  kali / 500%/
                                                                                   -              350.000                            6,25%                          -                         350.000      Minimum 110%/
        (Persero), Tbk ("BNI")             Working Capital                                                   September 26, 2026                                                                                                  Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Credit I (KMK)                                                                                                                                                                        times/ 500%

                                           Kredit Modal Kerja                                                                                                                                                                    Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Negara Indonesia           III (KMK)/                                                        26 September 2026/                                                                                                  kali / 500%/
                                                                                   -              350.000                            6,25%                          -                         350.000      Minimum 110%/
        (Persero), Tbk ("BNI")             Working Capital                                                   September 26, 2026                                                                                                  Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Credit III (KMK)                                                                                                                                                                      times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Syariah Indonesia, Tbk     Musyarakah/                                                        14 Oktober 2025/                                                                                                   kali / 500%/
                                                                                   -             1.485.000                           6,15%                          -                          15.000      Minimum 110%/
        ("BSI")                            Musyarakah                                                         October 14, 2025                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                                                                                                                                                                                                                 times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Syariah Indonesia, Tbk     Musyarakah/                                                        14 Oktober 2025/                                                                                                   kali / 500%/
                                                                                   -              685.000                            5,95%                          -                          15.000      Minimum 110%/
        ("BSI")                            Musyarakah                                                         October 14, 2025                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                                                                                                                                                                                                                 times/ 500%
                                           PPB Musyarakah                                                                                                                                                                        Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Maybank, Tbk               iB/                                                               21 Desember 2025/                                                                                                   kali / 500%/
                                                                                   -             1.643.511                           6,20%                          -                       3.150.000      Minimum 110%/
        ("Maybank")                        PPB Musyarakah                                                    December 21, 2025                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           iB                                                                                                                                                                                    times/ 500%
                                           PPB Musyarakah                                                                                                                                                                        Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Maybank, Tbk               iB/                                                               21 Desember 2025/                                                                                                   kali / 500%/
                                                                                   -              300.000                            6,00%                          -                                 -    Minimum 110%/
        ("Maybank")                        PPB Musyarakah                                                    December 21, 2025                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           iB                                                                                                                                                                                    times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
        PT Bank Central Asia, Tbk                                                                              24 Mei 2026/                                                                                Minimal 110% / 1.1/   kali / 500%/
                                           Time Loan                               -             2.000.000                           6,40%                          -                         300.000
        ("BCA")                                                                                                May 24, 2026                                                                                Minimum 110%/ 1.1     Maximum 5 (Five)
                                                                                                                                                                                                                                 times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Permata, Tbk               Musyarakah/                                                        30 Oktober 2026/                                                                                                   kali / 500%/
                                                                                   -              500.000                            6,00%                          -                         500.000      Minimum 110%/
        ("Permata")                        Musyarakah                                                         October 30, 2026                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                                                                                                                                                                                                                 times/ 500%
                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                            Minimal 125% /
        PT Bank Shinhan Indonesia                                                                            24 September 2025/                                                                                                  kali / 500%/
                                           Demand Loan                             -                    -                               -                           -                         200.000      1.25/ Minimum
        ("Shinhan")                                                                                          September 24, 2025                                                                                                  Maximum 5 (Five)
                                                                                                                                                                                                           125%/ 1.25
                                                                                                                                                                                                                                 times/ 500%

                                                                                                                                                                                                                                 Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Danamon Indonesia,         Kredit Berjangka/                                                  21 Oktober 2024/                                                                                                   kali / 500%/
                                                                           1.000.000                    -                            5,85%                          -                          -           Minimum 110%/
        Tbk ("Danamon")                    Term Credit                                                        October 21, 2024                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                                                                                                                                                                                                                 times/ 500%

                                           Pembiayaan                                                                                                                                                                            Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
        PT Bank Danamon - Unit Usaha       Musyarakah/                                                        21 Oktober 2024/                                                                                                   kali / 500%/
                                                                           1.000.000                    -                            6,00%                          -                          -           Minimum 110%/
        Syariah ("Danamon Syariah")        Musyarakah                                                         October 21, 2024                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Financing                                                                                                                                                                             times/ 500%

                                           Modal Kerja -                                                                                                                                                                         Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
                                           Musyarakah/                                                       21 Desember 2024/                                                                                                   kali / 500%/
        PT Bank DKI ("DKI")                                                1.000.000                    -                            6,20%                          -                          -           Minimum 110%/
                                           Working Capital -                                                 December 21, 2024                                                                                                   Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Musyarakah                                                                                                                                                                            times/ 500%

                                           Modal Kerja -                                                                                                                                                                         Maksimal 5 (lima)
                                                                                                                                                                                                           Minimal 110% / 1.1/
                                           Musyarakah/                                                       9 Desember 2024/                                                                                                    kali / 500%/
        PT Bank DKI ("DKI")                                                  750.000                    -                            6,20%                          -                          -           Minimum 110%/
                                           Working Capital -                                                 December 9, 2024                                                                                                    Maximum 5 (Five)
                                                                                                                                                                                                           1.1
                                           Musyarakah                                                                                                                                                                            times/ 500%



                                                                         Jumlah Fasilitas Terutang/
                                                                        Outstanding Facility Amount
                                                                                         Bagian jangka
                                                                                        panjang setelah
                                                                                         dikurangi satu       Tanggal Jatuh
                                                                                             Tahun/          Tempo Perjanjian     Suku Bunga
                                                                  Bagian jatuh tempo   Long-term portion -        Kredit/          Per Tahun/                                                                Debt Service
                  Kreditur/                  Nama Fasilitas/       dalam satu tahun/     net off current     Maturity Date Of     Interest rate                  Agunan/                  Pelunasan/        Coverage Ratio         Debt to Equity
                  Creditor                    Facility Type       Current maturities       maturities        Credit Agreement      per annum                    Collateral                Acquittance          (DSCR)               Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Marga Sarana Jabar
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Rakyat Indonesia                                                                                                                  Pendapatan Tol dan Pendapatan Usaha
        (Persero), Tbk ("BRI")             Kredit Investasi/                                                 30 Desember 2035/                    Lainnya Selama Masa Konsesi (Catatan
                                                                               5.046              993.021                            6,75%                                                         6.093                                  -
     2. PT Sarana Multi Infrastruktur      Investment Credit                                                 December 30, 2035                    36)/ Toll Revenues and Other Business
        (Persero) ("SMI")                                                                                                                         Revenues During the Concession                           Minimal lebih dari
                                                                                                                                                  Period (Note 36)                                         100% / 1 kali/
     Pinjaman Bank/ Bank Loan                                                                                                                                                                              Minimum more
                                                                                                                                                                                                           than 100% / 1 time
                                           Pembiayaan
        PT Bank Danamon Indonesia,                                                                            28 Maret 2035/
                                           Bilateral/                          4.901             1.129.200                           6,25%                                                         3.561                                  -
        Tbk ("Danamon")                                                                                       March 28, 2035
                                           Bilateral Financing




                                                                                                                127
Page 981
PT JASA MARGA (PERSERO) Tbk                                                                                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                        unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                      23. BANK LOANS (continued)

     Utang bank jangka panjang:                                                                                                     Long–term bank loans:
                                                                        Jumlah Fasilitas Terutang/
                                                                       Outstanding Facility Amount
                                                                                        Bagian jangka
                                                                                       panjang setelah
                                                                                        dikurangi satu       Tanggal Jatuh
                                                                                            Tahun/          Tempo Perjanjian     Suku Bunga
                                                                 Bagian jatuh tempo   Long-term portion -        Kredit/          Per Tahun/                                                                   Debt Service
                  Kreditur/                  Nama Fasilitas/      dalam satu tahun/     net off current     Maturity Date Of     Interest rate                   Agunan/                    Pelunasan/        Coverage Ratio        Debt to Equity
                  Creditor                    Facility Type      Current maturities       maturities        Credit Agreement      per annum                     Collateral                  Acquittance          (DSCR)              Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Jasamarga Kunciran Cengkareng
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Rakyat Indonesia
                                                                                                                                                                                                                                  Maksimal 70:30
        (Persero), Tbk ("BRI")
                                                                                                                                                                                                                                  antara porsi kreditur
     2. PT Bank Negara Indonesia                                                                                                                 Pendapatan Tol dan Polis Asuransi Aset                      Minimal lebih dari
                                                                                                                                                                                                                                  dan debitur/
        (Persero), Tbk ("BNI")             Kredit Investasi/                                                28 November 2035/                    jalan tol (Catatan 13)/ Toll Revenue and                    100% / 1 kali/
                                                                                 -                     -                               -                                                      2.718.460                           Maximum 70:30
     3. PT Bank Mandiri (Persero), Tbk     Investment Credit                                                November 28, 2035                    Toll Road Asset Insurance Policy (Note                      Minimum more
                                                                                                                                                                                                                                  between the portion
        ("Mandiri")                                                                                                                              13)                                                         than 100% / 1 time
                                                                                                                                                                                                                                  of creditors and
     4. PT Bank Central Asia, Tbk                                                                                                                                                                                                 debitors
        ("BCA")

     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Sarana Multi Infrastruktur                                                                                                                                                                                             Maksimal 70:30
        (Persero), Tbk ("SMI")                                                                                                                                                                                                    antara porsi kreditur
                                                                                                                                                 Pendapatan Tol dan Polis Asuransi Aset                      Minimal lebih dari
     2. PT Bank Negara Indonesia                                                                                                                                                                                                  dan debitur/
                                           Kredit Investasi/                                                18 Desember 2038 /                   jalan Tol (Catatan 36)/ Toll Revenue                        100% / 1 kali/
        (Persero), Tbk ("BNI")                                               21.667             3.188.329                           6,75%                                                        -                                Maximum 70:30
                                           Investment Credit                                                December 18 2038                     and Toll Road Asset Insurance Policy                        Minimum more
     3. PT Bank Mandiri (Persero), Tbk                                                                                                                                                                                            between the portion
                                                                                                                                                 (Note 36)                                                   than 100% / 1 time
        ("Mandiri")                                                                                                                                                                                                               of creditors and
                                                                                                                                                                                                                                  debitors
     Entitas Anak/ Subsidiaries - PT Marga Trans Nusantara
     Pinjaman Sindikasi/ Syndicated Loans
        PT Bank Central Asia, Tbk         Kredit Investasi/                   1.227             2.576.655    23 Oktober 2037/       6,75%        Hak Pengusahaan Jalan Tol (HPJT)                    1.853   Minimal lebih dari   Maksimal 70:30
        ("BCA")                           Investment Credit                                                  October 23, 2037                    selama masa konsesi (Catatan 13)/ Toll                      100% / 1 kali/       antara porsi kreditur
                                                                                                                                                 Road Concession Rights (HPJT) during                        Minimum more         dan debitur/
                                                                                                                                                 the concession period (Note 13)                             than 100% / 1 time   Maximum 70:30
                                                                                                                                                                                                                                  between the portion
                                                                                                                                                                                                                                  of creditors and
                                                                                                                                                                                                                                  debitors

     Entitas Anak/ Subsidiaries - PT Jasamarga Bali Tol
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk     Kredit Investasi/                167.980              614.310       22 Juni 2027/        7,13%        Hak Konsesi, Pendapatan Tol dan                149.008      Minimal lebih dari   Maksimal 70:30
        ("Mandiri")                        Investment Credit                                                  June 22, 2027                      Usaha Lainnya yang Diikat secara                            100% / 1 kali/       antara porsi kreditur
     2. PT Bank Negara Indonesia                                                                                                                 Fidusia (Catatan 13)/ Concession                            Minimum more         dan debitur/
        (Persero), Tbk ("BNI")                                                                                                                   Rights, Toll Revenues and Other                             than 100% / 1 time   Maximum 70:30
     3. PT Bank Rakyat Indonesia                                                                                                                 Fiduciary Bound Businesses (Note 13)                                             between the portion
        (Persero), Tbk ("BRI")                                                                                                                                                                                                    of creditors and
     4. PT Bank Tabungan Negara                                                                                                                                                                                                   debitors
        (Persero), Tbk ("BTN")
     5. PT Bank Central Asia, Tbk
        ("BCA")
     6. PT Bank Pembangunan Daerah
        Bali

     Entitas Anak/ Subsidiaries - PT Jasamarga Kualanamu Tol
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk      1. Kredit Investasi/             94.514             1.800.916    23 Maret 2030/         5,92%        1. Hak Pengusahaan Jalan Tol (HPJT)            170.361      Minimal lebih dari   Maksimal 70:30
        ("Mandiri")                            Investment                                                    March 23, 2030                      selama masa konsesi (Catatan 13)/ Toll                      100% / 1 kali/       antara porsi kreditur
     2. PT Bank Negara Indonesia               Credit                                                                                            Road Concession Rights (HPJT) during                        Minimum more         dan debitur/
                                                                                                                                                 the concession period (Note 13)                             than 100% / 1 time   Maximum 70:30
        (Persero), Tbk ("BNI")
                                                                                                                                                                                                                                  between the portion
     3. PT Bank Rakyat Indonesia
                                                                                                                                                 2. Pendapatan Tol dan Polis Asuransi                                             of creditors and
        (Persero), Tbk ("BRI")             2. Bunga Masa                      8.464              194.677
                                                                                                                                                 Asset jalan Tol (Catatan 36)/ Toll                                               debitors
     4. PT Bank Pembangunan Daerah            Konstruksi/
                                                                                                                                                 Revenue and the Toll road Asset
        Sumatera Utara                        Interest During
                                                                                                                                                 Insurance Policy (Note 36)
                                              Construction

                                                                                                                                                 3. Rekening Dana Penampungan/
                                                                                                                                                 Escrow Account

                                                                                                                                                 4. Tagihan atas pendapatan dari hasil
                                                                                                                                                 klaim asuransi, bank garansi dan
                                                                                                                                                 penggantian dana dari pemerintah diikat
                                                                                                                                                 fidusia/ Claims on income from
                                                                                                                                                 insurance claims, bank guarantees and
                                                                                                                                                 reimbursement of funds from the
                                                                                                                                                 government are bound by fiduciary


     Entitas Anak/ Subsidiaries - PT Cinere Serpong Jaya
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk                                                                                                                                                                                            Maksimal 70:30
        ("Mandiri")                                                                                                                                                                                          Minimal lebih dari   antara porsi kreditur
     2. PT Bank Negara Indonesia           Kredit Investasi/                                                 11 Oktober 2034/                                                                                100% / 1 kali/       dan debitur/
                                                                                 -              2.140.191                           7,25%        Pendapatan Tol/ Toll Revenue                   126.723
        (Persero), Tbk ("BNI")             Investment Credit                                                 October 11, 2034                                                                                Minimum more         Maximum 70:30
     3. PT Bank Central Asia, Tbk                                                                                                                                                                            than 100% / 1 time   between the portion
        ("BCA")                                                                                                                                                                                                                   of creditors and
                                                                                                                                                                                                                                  debitors




                                                                                                               128
Page 982
PT JASA MARGA (PERSERO) Tbk                                                                                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                              unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                        23. BANK LOANS (continued)

     Utang bank jangka panjang:                                                                                                        Long–term bank loans:
                                                                        Jumlah Fasilitas Terutang/
                                                                       Outstanding Facility Amount
                                                                                        Bagian jangka
                                                                                       panjang setelah
                                                                                        dikurangi satu          Tanggal Jatuh
                                                                                            Tahun/             Tempo Perjanjian     Suku Bunga
                                                                 Bagian jatuh tempo   Long-term portion -           Kredit/          Per Tahun/                                                                 Debt Service
                  Kreditur/                  Nama Fasilitas/      dalam satu tahun/     net off current        Maturity Date Of     Interest rate                   Agunan/                     Pelunasan/     Coverage Ratio        Debt to Equity
                  Creditor                    Facility Type      Current maturities       maturities           Credit Agreement      per annum                     Collateral                   Acquittance       (DSCR)              Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Cinere Serpong Jaya
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk     Dana Talangan                     32.645                    -         4 Maret 2024/         8.50%        1. Tagihan atas pengembalian Dana                -                 -                     -
        ("Mandiri")                        Tanah/                                                                March 4, 2024                      Talangan Tanah dari Pemerintah
     2. PT Bank Negara Indonesia           Land Bailout                                                                                             dan/atau instansi berwenang lain yang
        (Persero), Tbk ("BNI")                                                                                                                      ditunjuk Pemerintah/ Claims for
     3. PT Bank Central Asia, Tbk                                                                                                                   returning Land Bailout Funds from the
        ("BCA")                                                                                                                                     Government and/or other authorized
                                                                                                                                                    agencies appointed by the Government

                                                                                                                                                    2. Rekening Penampungan Dana
                                                                                                                                                    Talangan Tanah yang diikat dengan
                                                                                                                                                    gadai rekening senilai Rp
                                                                                                                                                    720.000.000.000,- (tujuh ratus dua puluh
                                                                                                                                                    milyar rupiah) yang dimiliki nasabah/
                                                                                                                                                    Land Bailout Fund Escrow Account tied
                                                                                                                                                    to a pawn account in the amount of IDR
                                                                                                                                                    720,000,000,000 (seven hundred and
                                                                                                                                                    twenty billion rupiah) owned by the
                                                                                                                                                    customer

                                                                                                                                                    3. LoU (Letter of Undertaking ) atau
                                                                                                                                                    Surat Pernyataan Kesanggupan dari
                                                                                                                                                    Pemegang Saham Nasabah dalam
                                                                                                                                                    bentuk Keputusan Rapat Umum
                                                                                                                                                    Pemegang Saham Sirkuler/ LoU (Letter
                                                                                                                                                    of Undertaking) or Statement of
                                                                                                                                                    Commitment from Customer
                                                                                                                                                    Shareholders in the form of Circular
                                                                                                                                                    General Meeting of Shareholders
                                                                                                                                                    Resolutions



     Entitas Anak/ Subsidiaries - PT Jasamarga Tollroad Operator
     Pinjaman Modal Kerja/ Working Capital Loans
        PT Bank Permata, Tbk                 MMQ Aset/                           -                         -   15 September 2023/         -         Piutang Usaha, mesin, alat kendaraan,            22.227    Minimal 125% /      Maksimal 70:30
        ("Permata")                          MMQ Asset                                                         September 15, 2023                   dan perangkat pendukung lain terkait                      1.25/ Minimun        antara porsi kreditur
                                                                                                                                                    proyek Perusahaan/ Receivables,                           125%/ 1.25           dan debitur/
                                                                                                                                                    machinery, vehicle equipment, and                                              Maximum 70:30
                                                                                                                                                    other supporting devices related to the                                        between the portion
                                                                                                                                                    Company project                                                                of creditors and
                                                                                                                                                                                                                                   debitors

     Entitas Anak/ Subsidiaries - PT Jasamarga Balikpapan Samarinda
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk     Kredit Investasi/                101.106             6.563.202      20 Desember 2033/       6,25%                                                         50.743   Minimal lebih dari   Maksimal 70:30
         ("Mandiri")                       Investment Credit                                                   December 20, 2033                    1. Hak Pengusahaan Jalan Tol (HPJT)                       100% / 1 kali/       antara porsi kreditur
     2. PT Bank Rakyat Indonesia                                                                                                                    selama masa konsesi (Catatan 13)/ Toll                    Minimum more         dan debitur/
         (Persero), Tbk ("BRI")                                                                                                                     Road Concession Rights (HPJT) during                      than 100% / 1 time   Maximum 70:30
                                                                                                                                                    the concession period (Note 13)                                                between the portion
     3. PT Sarana Multi Infrastruktur
         (Persero) ("SMI")                                                                                                                                                                                                         of creditors and
                                                                                                                                                    2. Pendapatan Tol dan Polis Asuransi                                           debitors
     4. Lembaga Pembiayaan
                                                                                                                                                    Asset jalan Tol (Catatan 36)/ Toll
         Ekspor Indonesia ("LPEI")
                                                                                                                                                    Revenue and the Toll road Asset
     5. PT Bank Mega, Tbk
                                                                                                                                                    Insurance Policy (Note 36)
     6. PT Bank Pembangunan Daerah
         Jawa Timur Tbk
                                                                                                                                                    3. Rekening dana tampungan/ Escrow
     7. PT Bank Syariah Indonesia, Tbk
                                                                                                                                                    Account
         ("BSI")
     8. PT Bank ICBC Indonesia                                                                                                                      4. Tagihan atas pendapatan dari hasil
     9. PT Bank Pembangunan Daerah                                                                                                                  klaim asuransi, bank garansi dan
         Papua                                                                                                                                      penggantian dana dari pemerintah diikat
     10. PT Bank Muamalat Indonesia                                                                                                                 fidusia/ Claims on income from
         Tbk                                                                                                                                        insurance claims, bank guarantees and
     11. PT Bank Pembangunan                                                                                                                        reimbursement of funds from the
         Kalimantan Selatan                                                                                                                         government are bound by fiduciary
     12. PT Bank Jabar Banten Syariah
         ("BJB")

     Entitas Anak/ Subsidiaries - PT Jasamarga Manado Bitung
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Negara Indonesia            1. Kredit Investasi/
        (Persero), Tbk ("BNI")                 Investment
                                                                             79.476             2.544.548                                                                                            25.188                        Maksimal 70:30
     2. PT Bank Mandiri (Persero), Tbk         Credit
                                                                                                                                                                                                                                   antara porsi kreditur
        ("Mandiri")                                                                                                                                 Hak Pengusahaan Jalan Tol (HPJT)                          Minimal lebih dari
                                                                                                                                                                                                                                   dan debitur/
     3. PT Sarana Multi Infrastruktur                                                                          23 Desember 2030/                    selama masa konsesi (Catatan 13)/ Toll                    100% / 1 kali/
                                                                                                                                       6,28%                                                                                       Maximum 70:30
        (Persero) ("SMI")                   2.                                                                 December 23, 2030                    Road Concession Rights (HPJT) during                      Minimum more
                                               Bunga Masa                                                                                                                                                                          between the portion
     4. Lembaga Pembiayaan                                                                                                                          the concession period (Note 13)                           than 100% / 1 time
                                               Konstruksi/                                                                                                                                                                         of creditors and
        Ekspor Indonesia ("LPEI")                                             8.937              286.129                                                                                             -
                                               Interest During                                                                                                                                                                     debitors
     5. PT Bank Central Asia, Tbk              Construction
        ("BCA")
     6. PT Bank ICBC Indonesia
     7. PT Bank Pembangunan Daerah
        Sulawesi Selatan dan Sulawesi
        Barat
     8. PT Bank Pembangunan Daerah
        Riau
     9. PT Bank Pembangunan Daerah
        Jawa Tengah




                                                                                                                  129
Page 983
PT JASA MARGA (PERSERO) Tbk                                                                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                        unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                       23. BANK LOANS (continued)

     Utang bank jangka panjang:                                                                                                      Long–term bank loans:
                                                                      Jumlah Fasilitas Terutang/
                                                                     Outstanding Facility Amount
                                                                                         Bagian jangka
                                                                                        panjang setelah
                                                                                         dikurangi satu       Tanggal Jatuh
                                                                                             Tahun/          Tempo Perjanjian     Suku Bunga
                                                               Bagian jatuh tempo      Long-term portion -        Kredit/          Per Tahun/                                                                 Debt Service
                  Kreditur/                 Nama Fasilitas/     dalam satu tahun/        net off current     Maturity Date Of     Interest rate                   Agunan/                     Pelunasan/     Coverage Ratio        Debt to Equity
                  Creditor                   Facility Type     Current maturities          maturities        Credit Agreement      per annum                     Collateral                   Acquittance       (DSCR)              Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Jasamarga Japek Selatan
     Pinjaman Sindikasi/ Syndicated Loans
                                                                                                                                                                                                                                 Maksimal 70:30
                                                                                                                                                                                                                                 antara porsi kreditur
                                                                                                                                                                                                            Minimal lebih dari
                                                                                                                                                                                                                                 dan debitur/
        PT Bank Mandiri (Persero), Tbk   Pinjaman Talangan/                                                   27 Oktober 2025/                                                                              100% / 1 kali/
                                                                               -                 1.500.000                           6,50%                            -                            49.176                        Maximum 70:30
        ("Mandiri")                      Bridging Loan                                                        October 27, 2025                                                                              Minimum more
                                                                                                                                                                                                                                 between the portion
                                                                                                                                                                                                            than 100% / 1 time
                                                                                                                                                                                                                                 of creditors and
                                                                                                                                                                                                                                 debitors
                                                                                                                                                                                                                                 Maksimal 70:30
                                                                                                                                                                                                                                 antara porsi kreditur
                                                                                                                                                                                                            Minimal lebih dari
                                                                                                                                                                                                                                 dan debitur/
        PT Bank BRI (Persero), Tbk       Kredit Investasi/                                                     11 April 2024/                                                                               100% / 1 kali/
                                                                           98.879                       -                            7,75%                            -                           184.018                        Maximum 70:30
        ("BRI")                          Investment Credit                                                     April 11, 2024                                                                               Minimum more
                                                                                                                                                                                                                                 between the portion
                                                                                                                                                                                                            than 100% / 1 time
                                                                                                                                                                                                                                 of creditors and
                                                                                                                                                                                                                                 debitors

     Entitas Anak/ Subsidiaries - PT Jasamarga Probolinggo Banyuwangi
     Pinjaman Sindikasi terdiri dari/ Syndicated Loans consist of :
     1. PT Bank Mandiri (Persero), Tbk      1. Kredit Investasi/                                                                                  1. Hak Pengusahaan Jalan Tol (HPJT)
        ("Mandiri")                            Investment                                                                                         selama masa konsesi (Catatan 13)/ Toll
                                                                                                                                                                                                                                 Maksimal 70:30
     2. PT Bank Central Asia, Tbk              Credit                              -              243.323                                         Road Concession Rights (HPJT) during
                                                                                                                                                                                                                                 antara porsi kreditur
        ("BCA")                                                                                                                                   the concession period (Note 13)                           Minimal lebih dari
                                                                                                                                                                                                                                 dan debitur/
     3. PT Bank Negara Indonesia                                                                             20 November 2038/                                                                              100% / 1 kali/
                                                                                                                                     7,85%                                                                                       Maximum 70:30
        (Persero), Tbk ("BNI")              2. Bunga Masa                                                    November 20, 2038                    2. Pendapatan Tol dan Pendapatan                          Minimum more
                                                                                                                                                                                                                                 between the portion
     4. PT Sarana Multi Infrastruktur          Konstruksi/                                                                                        Usaha Lain terkait dengan Hak                             than 100% / 1 time
                                                                                                                                                                                                                                 of creditors and
        (Persero) ("SMI")                      Interest During                     -                   37                                         Pengusahaan Jalan Tol (Catatan 36)/
                                                                                                                                                                                                                                 debitors
     5. PT Bank Pembangunan Daerah             Construction                                                                                       Toll Revenue and other Business
        Papua                                                                                                                                     Income related to Toll Road Concession
     6. PT Bank Pembangunan Daerah                                                                                                                Rights (Note 36)
        Jawa Timur Tbk
     7. PT Bank Pembangunan Daerah                                                                                                                3. Rekening Dana Penampungan/
        Bali                                                                                                                                      Escrow Account

                                                                                                                                                  4. Tagihan atas pendapatan dari hasil
                                                                                                                                                  klaim asuransi, bank garansi dan
                                                                                                                                                  penggantian dana dari pemerintah diikat
                                                                                                                                                  fidusia/ Claims on income from
                                                                                                                                                  insurance claims, bank guarantees and
                                                                                                                                                  reimbursement of funds from the
                                                                                                                                                  government are bound by fiduciary

     Pinjaman Dana Talangan Tanah/ Land Bailout Loans
     1. PT Bank Permata, Tbk           Dana Talangan                       35.891                       -     30 Oktober 2024/       8.75%        1. Tagihan atas pengembalian Dana                -                 -                     -
        ("Permata")                    Tanah/                                                                 Oktober 30, 2024                    Talangan Tanah dari Pemerintah
                                       Land Bailout                                                                                               dan/atau instansi berwenang lain yang
                                                                                                                                                  ditunjuk Pemerintah (Catatan 6)/ Claims
                                                                                                                                                  for returning Land Bailout Funds from
                                                                                                                                                  the Government and/or other authorized
                                                                                                                                                  agencies appointed by the Government
                                                                                                                                                  (Note 6)

                                                                                                                                                  2. Rekening Penampungan Dana
                                                                                                                                                  Talangan Tanah yang diikat dengan
                                                                                                                                                  gadai rekening senilai Rp
                                                                                                                                                  100.000.000.000,- (seratus milyar rupiah)
                                                                                                                                                  yang dimiliki nasabah (Catatan 9)/ Land
                                                                                                                                                  Bailout Fund Escrow Account tied to a
                                                                                                                                                  pawn account in the amount of IDR
                                                                                                                                                  100,000,000,000 (one hundred billion
                                                                                                                                                  rupiah) owned by the customer (Note 9)

                                                                                                                                                  3. LoU (Letter of Undertaking) atau
                                                                                                                                                  Surat Pernyataan Kesanggupan dari
                                                                                                                                                  Pemegang Saham Nasabah dalam
                                                                                                                                                  bentuk Keputusan Rapat Umum
                                                                                                                                                  Pemegang Saham Sirkuler/ LoU (Letter
                                                                                                                                                  of Undertaking) or Statement of
                                                                                                                                                  Commitment from Customer
                                                                                                                                                  Shareholders in the form of Circular
                                                                                                                                                  General Meeting of Shareholders
                                                                                                                                                  Resolutions



     Entitas Anak/ Subsidiaries - PT Jasamarga Jogja Bawen
     Pinjaman Sindikasi/ Syndicated Loans
                                                                                                                                                  Hak Pengusahaan Jalan Tol (HPJT)                          Minimal lebih dari
        PT Bank Mandiri (Persero), Tbk   Kredit Investasi/                                                    25 Oktober 2025/                    selama masa konsesi (Catatan 13)/ Toll                    100% / 1 kali/
                                                                                   -             1.587.233                           6,50%                                                         -                                       -
        ("Mandiri")                      Investment Credit                                                    October 25, 2025                    Road Concession Rights (HPJT) during                      Minimum more
                                                                                                                                                  the concession period (Note 36)                           than 100% / 1 time

     Entitas Anak/ Subsidiaries - PT Jasamarga Transjawa Tol
     Pinjaman Sindikasi PT JSM/ Syndicated Loans PT JSM
                                                                                                                                                                                                                                 Maksimal 2,2 (dua
                                                                                                                                                  Hak Pengusahaan Jalan Tol (HPJT)                          Minimal lebih dari
                                                                                                                                                                                                                                 koma dua) kali /
        PT Bank Central Asia, Tbk        Kredit Investasi/                                                    31 Oktober 2033/                    selama masa konsesi (Catatan 13)/ Toll                    100% / 1 kali/
                                                                          119.510                3.607.054                           6,75%                                                         54.087                        220%/ Maximum
        ("BCA")                          Investment Credit                                                    October 31, 2033                    Road Concession Rights (HPJT) during                      Minimum more
                                                                                                                                                                                                                                 2.2 (two point two)
                                                                                                                                                  the concession period (Note 36)                           than 100% / 1 time
                                                                                                                                                                                                                                 times / 220%




                                                                                                                130
Page 984
PT JASA MARGA (PERSERO) Tbk                                                                                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                   unless otherwise stated)

23. UTANG BANK (lanjutan)                                                                                                 23. BANK LOANS (continued)

     Utang bank jangka panjang:                                                                                                  Long–term bank loans:
                                                                      Jumlah Fasilitas Terutang/
                                                                     Outstanding Facility Amount
                                                                                      Bagian jangka
                                                                                     panjang setelah
                                                                                      dikurangi satu       Tanggal Jatuh
                                                                                          Tahun/          Tempo Perjanjian    Suku Bunga
                                                               Bagian jatuh tempo   Long-term portion -        Kredit/         Per Tahun/                                                              Debt Service
                  Kreditur/               Nama Fasilitas/       dalam satu tahun/     net off current     Maturity Date Of    Interest rate                  Agunan/                   Pelunasan/     Coverage Ratio           Debt to Equity
                  Creditor                 Facility Type       Current maturities       maturities        Credit Agreement     per annum                    Collateral                 Acquittance       (DSCR)                 Ratio (DER)
     Entitas Anak/ Subsidiaries - PT Jasamarga Transjawa Tol
     Pinjaman Sindikasi PT JGP/ Syndicated Loans PT JGP

                                                                                                                                                                                                     Minimal lebih dari
                                                                                                                                                                                                     100% / 1 kali sejak     Maksimal 70:30
                                                                                                                                                                                                     tahun ke 4 setelah      antara porsi kreditur
                                                                                                                                              Hak Pengusahaan Jalan Tol (HPJT)
                                                                                                                                                                                                     ruas tol beroperasi/    dan debitur/
        PT Bank Mandiri (Persero), Tbk   Kredit Investasi/                                                 24 Agustus 2032/                   selama masa konsesi (Catatan 13)/ Toll
                                                                           65.703             2.286.457                          6,65%                                                     157.687   At least more than      Maximum 70:30
        ("Mandiri")                      Investment Credit                                                 August 24, 2032                    Road Concession Rights (HPJT) during
                                                                                                                                                                                                     100% / 1 time since     between the portion
                                                                                                                                              the concession period (Note 13)
                                                                                                                                                                                                     the 4th year after      of creditors and
                                                                                                                                                                                                     the toll road section   debitors
                                                                                                                                                                                                     is operational


     Pinjaman Sindikasi PT JSN/ Syndicated Loans PT JSN

        PT Bank Mandiri (Persero), Tbk   Kredit Investasi/                                                21 Desember 2034/                   Hak Pengusahaan Jalan Tol, seluruh
                                                                           48.833             1.930.671                          6,75%                                                       3.417
        ("Mandiri")                      Investment Credit                                                December 21, 2034                   tagihan dan pendapatan dan usaha-
                                                                                                                                              usaha lain, keseluruhan escrow
                                                                                                                                                                                                                             Maksimal 70:30
                                                                                                                                              accounts , pendapatan dari hasil klaim
        PT Bank Negara Indonesia         Kredit Investasi/                                                21 Desember 2034/                                                                                                  antara porsi kreditur
                                                                           43.358             1.714.228                          6,75%        asuransi, Garansi Bank, dan                   73.724   Minimal lebih dari
        (Persero), Tbk ("BNI")           Investment Credit                                                December 21, 2034                                                                                                  dan debitur/
                                                                                                                                              penggantian dana dari Pemerintah                       100% / 1 kali/
                                                                                                                                                                                                                             Maximum 70:30
                                                                                                                                              (Catatan 13)/ Toll Road Concession                     Minimum more
        PT Bank Central Asia, Tbk        Kredit Investasi/                                                21 Desember 2034/                                                                                                  between the portion
                                                                           31.359             1.239.815                          6,75%        Rights, entire claims and operational         53.321   than 100% / 1 time
        ("BCA")                          Investment Credit                                                December 21, 2034                                                                                                  of creditors and
                                                                                                                                              revenues, all escrow accounts, income
                                                                                                                                                                                                                             debitors
                                                                                                                                              from insurance claims, Bank Guarantee,
        PT Bank CIMB Niaga, Tbk          Kredit Investasi/                                                21 Desember 2034/                   fund compensation from the
                                                                           18.450              729.459                           6,75%        Government (Note 13)                          31.372
        ("CIMB")                         Investment Credit                                                December 21, 2034


     Pinjaman Sindikasi PT JNK/ Syndicated Loans PT JNK
                                                                                                                                              Hak Pengusahaan Jalan Tol, seluruh                     Minimal lebih dari
        PT Bank Mandiri (Persero), Tbk   Kredit Investasi/                                                21 Desember 2034/                   tagihan dan pendapatan dan usaha-                      100% / 1 kali/
                                                                           11.958             1.171.896                          6,65%                                                       9.965
        ("Mandiri")                      Investment Credit                                                December 21, 2034                   usaha lain, keseluruhan escrow                         Minimum more
                                                                                                                                                                                                                             Maksimal 70:30
                                                                                                                                              accounts , pendapatan dari hasil klaim                 than 100% / 1 time
                                                                                                                                                                                                                             antara porsi kreditur
                                                                                                                                              asuransi, Garansi Bank, dan                            Minimal lebih dari
                                                                                                                                                                                                                             dan debitur/
        PT Bank Nasional Indonesia       Kredit Investasi/                                                21 Desember 2034/                   penggantian dana dari Pemerintah                       100% / 1 kali/
                                                                           11.958             1.171.896                          6,65%                                                       9.965                           Maximum 70:30
        (Persero), Tbk ("BNI")           Investment Credit                                                December 21, 2034                   (Catatan 13)/ Toll Road Concession                     Minimum more
                                                                                                                                                                                                                             between the portion
                                                                                                                                              Rights, entire claims and operational                  than 100% / 1 time
                                                                                                                                                                                                                             of creditors and
                                                                                                                                              revenues, all escrow accounts, income                  Minimal lebih dari
                                                                                                                                                                                                                             debitors
        PT Bank Syariah Indonesia, Tbk   Kredit Investasi/                                                21 Desember 2034/                   from insurance claims, Bank Guarantee,                 100% / 1 kali/
                                                                            4.234              414.908                           6,65%                                                       3.528
        ("BSI")                          Investment Credit                                                December 21, 2034                   fund compensation from the                             Minimum more
                                                                                                                                              Government (Note 13)                                   than 100% / 1 time

     Pinjaman Sindikasi PT JSB/ Syndicated Loans PT JSB
                                                                                                                                                                                                     Minimal lebih dari
        PT Bank Mandiri (Persero), Tbk   Kredit Investasi/                                                27 Desember 2036/                                                                          100% / 1 kali/
                                                                           23.721             2.845.896                          6,75%                                                       6.094
        ("Mandiri")                      Investment Credit                                                December 27, 2036                   Hak Pengusahaan Jalan Tol, seluruh                     Minimum more
                                                                                                                                              tagihan dan pendapatan dan usaha-                      than 100% / 1 time
                                                                                                                                              usaha lain, keseluruhan escrow                         Minimal lebih dari
                                                                                                                                                                                                                             Maksimal 70:30
        PT Bank Negara Indonesia         Kredit Investasi/                                                27 Desember 2036/                   accounts , pendapatan dari hasil klaim                 100% / 1 kali/
                                                                          111.978             1.873.637                          6,75%                                                      42.532                           antara porsi kreditur
        (Persero), Tbk ("BNI")           Investment Credit                                                December 27, 2036                   asuransi, Garansi Bank, dan                            Minimum more
                                                                                                                                                                                                                             dan debitur/
                                                                                                                                              penggantian dana dari Pemerintah                       than 100% / 1 time
                                                                                                                                                                                                                             Maximum 70:30
                                                                                                                                              (Catatan 13)/ Toll Road Concession                     Minimal lebih dari
                                                                                                                                                                                                                             between the portion
        PT Bank Central Asia, Tbk        Kredit Investasi/                                                27 Desember 2036/                   Rights, entire claims and operational                  100% / 1 kali/
                                                                          160.996             2.870.481                          6,75%                                                      65.775                           of creditors and
        ("BCA")                          Investment Credit                                                December 27, 2036                   revenues, all escrow accounts, income                  Minimum more
                                                                                                                                                                                                                             debitors
                                                                                                                                              from insurance claims, Bank Guarantee,                 than 100% / 1 time
                                                                                                                                              fund compensation from the                             Minimal lebih dari
        PT Keb Hana Indonesia, Tbk       Kredit Investasi/                                                27 Desember 2036/                   Government (Note 13)                                   100% / 1 kali/
                                                                            9.249              164.424                           6,75%                                                       3.537
        ("Hana")                         Investment Credit                                                December 27, 2036                                                                          Minimum more
                                                                                                                                                                                                     than 100% / 1 time
                                                                        5.072.041            57.396.104                                                                                 12.702.415




    Sesuai dengan perjanjian pinjaman bank,                                                                                        As specified by the bank loan agreements, the
    Kelompok Usaha diwajibkan memenuhi kewajiban-                                                                                  Group is required to comply with certain covenants,
    kewajiban tertentu seperti batasan rasio keuangan.                                                                             such as financial ratio covenants.




                                                                                                             131
Page 985
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

24. UTANG LEMBAGA KEUANGAN BUKAN BANK                             24. NON-BANK FINANCIAL INSTITUTION LOAN

    Rincian utang lembaga keuangan bukan bank                        The details of non-bank financial institution loan are
    adalah sebagai berikut:                                          as follows:

                                                 2023                 2022
    Utang Lembaga Keuangan                                                                                Short-term Non-bank
      Bukan Bank Jangka Pendek                                                                      Financial Institution Loan
    Pihak Berelasi (Catatan 44)                         908.102                    -                    Related Party (Note 44)
    Total Utang Lembaga Keuangan
      Bukan Bank Jangka Pendek                          908.102                    -                                   Total
    Utang Lembaga Keuangan                                                                                 Long-term Non-bank
      Bukan Bank Jangka Panjang                                                                     Financial Institution Loan
    Pihak Berelasi (Catatan 44)                         200.000              200.000                    Related Party (Note 44)
        Biaya belum diamortisasi                              -                    -                     Unamortized cost
    Total Utang Lembaga Keuangan                                                                      Total Non-Bank Financial
        Bukan Bank                                      200.000              200.000                        Institution Loan
    Bagian jatuh tempo dalam satu tahun -                                                                Current maturities of
      utang lembaga keuangan bukan bank                 200.000                    -     non-bank financial institutions loan
    Total Utang Lembaga Keuangan
      Bukan Bank Jangka Panjang                               -              200.000                                   Total


    Perusahaan                                                       The Company

    Berdasarkan Akta Perjanjian Pinjaman No. 29                       Based on the Deed of Loan Agreement No. 29
    tanggal 16 September 2020 dari Notaris Ir. Nanette                dated September 16, 2020 of Notary Ir. Nanette
    Cahyanie Handari Adi Warsito, S.H., dengan                        Cahyanie Handari Adi Warsito, S.H., with the latest
    perubahan terakhir ke VIII No.PERJ-174/SMI/1222,                  amendment VIII No.PERJ-174/SMI/1222, The
    Perusahaan memperoleh fasilitas pinjaman dari                     Company         obtained    loan    facilities from
    PT Sarana Multi Infrastruktur (Persero) sebesar                   PT Sarana Multi Infrastruktur (Persero) amounting
    Rp350.000 dengan jangka waktu selambat-                           to Rp350,000 for a period of as late as
    lambatnya pada 15 September 2024. Tingkat suku                    September 15, 2024. As of December 31, 2023 the
    bunga yang berlaku pada 31 Desember 2023                          applicable interest rate is 6.10% per annum and as
    adalah sebesar 6,10% per tahun dan pada                           of December 31, 2022 the applicable interest rate
    31 Desember 2022 adalah 5,75% per tahun.                          is 5.75% per annum. The bank loan does not
    Pinjaman bank tidak mensyaratkan Perusahaan                       require the Company to submit guarantee/
    untuk menyerahkan jaminan/agunan kepada bank                      collateral to the bank or other creditors.
    maupun kepada kreditur lainnya.

    Pembatasan penting dalam perjanjian fasilitas                    The major covenant of this facility include the
    pinjaman ini adalah:                                             following:
    a. Interest coverage ratio minimal 1,1 kali; dan                 a. Minimum interest coverage ratio is 1.1 times;
                                                                         and
    b.   Debt to equity ratio maksimal 5 kali.                       b. Maximum debt to equity ratio is 5 times.

    Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the Company
    Perusahaan telah memenuhi seluruh pembatasan                     has met with all major covenant requirement.
    penting.

    Saldo terutang fasilitas pinjaman pada tanggal                   On December 31, 2023 and 2022, the Company
    31 Desember 2023 dan 2022 masing-masing                          has an outstanding balance on this financing facility
    adalah sebesar Rp200.000.                                        amounting to Rp200,000 each, respectively.




                                                          132
Page 986
PT JASA MARGA (PERSERO) Tbk                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

24. UTANG LEMBAGA KEUANGAN BUKAN BANK                                  24. NON-BANK FINANCIAL INSTITUTION LOAN
    (lanjutan)                                                             (continued)

    Anak Perusahaan – JAP                                                 Subsidiary – JAP

    Akun ini merupakan pinjaman dari PT Sarana Multi                      This account represents loan from PT Sarana Multi
    Infrastruktur Persero (“SMI”) di JAP. Berdasarkan                     Infrastuktur Persero (“SMI”) in JAP. Based on
    Akta Perjanjian Pembiayaan No. 06 dari Notaris                        Notarial Deed of Financing Agreement No. 06 of
    Ashoya Ratam, S.H., M.Kn., tanggal 4 April 2023,                      Notary Ashoya Ratam, S.H., M.Kn., dated
    JAP menandatangani perjanjian kredit dengan SMI                       April 4, 2023, JAP signed a credit agreement with
    untuk membiayai dana talangan pengadaan tanah.                        SMI to financing a land acquisition bailout. The
    Fasilitas kredit yang diterima JAP adalah sebesar                     credit facility received by JAP amounted to
    Rp908.102 dengan jangka waktu selama                                  Rp908,102 with terms of 12 months. Interest rates
    12 bulan. Tingkat suku bunga yang berlaku pada                        applicable to December 31, 2023 is at 6.75% per
    31 Desember 2023 adalah sebesar 6,75% per                             annum.
    tahun.

    Perjanjian tersebut tidak akan menjaminkan harta                      The agreement will not pledge JAP's existing or
    kekayaan JAP yang telah ada maupun yang akan                          future assets. To ensure the order of timely
    ada di kemudian hari. Untuk menjamin ketertiban                       repayment or repayment of obligations that have
    pembayaran kembali atau pelunasan kewajiban                           been agreed under the financing agreement, JAP
    secara tepat waktu yang telah disepakati                              promises and hereby binds itself to declare a
    berdasarkan perjanjian pembiayaan, maka JAP                           Negative Pledge. If there are JAP assets that have
    berjanji dan dengan ini mengikatkan diri untuk                        been pledged as collateral for other creditors before
    menyatakan Negative Pledge. Apabila terdapat                          the financing agreement is signed, the Negative
    harta kekayaan JAP yang telah dijaminkan terlebih                     Pledge applies. SMI as a creditor will get a
    dahulu menjadi agunan bagi kreditur lain sebelum                      proportional share according to the amount of each
    perjanjian pembiayaan ditandatangani, maka                            financing facility.
    Negative Pledge berlaku. SMI sebagai kreditur akan
    memperoleh bagian secara proporsional sesuai
    jumlah fasilitas pembiayaan masing-masing.

    Pembatasan penting dalam perjanjian fasilitas                          The major covenant of this facility include the
    pinjaman ini adalah:                                                   following:
    a. Interest coverage ratio minimal 1,10 kali; dan                       a. Minimum interest coverage ratio is 1.10
                                                                                times; and
    b.   Debt to equity ratio maksimal 5 kali.                              b. Maximum debt to equity ratio is 5 times.

    Saldo terutang jangka panjang JAP pada pinjaman                       As of December 31, 2023, JAP has an outstanding
    tersebut pada tanggal 31 Desember 2023 adalah                         loan on this facility is Rp908,102.
    Rp908.102.


25. UTANG OBLIGASI                                                     25. BONDS PAYABLE

    Rincian utang obligasi adalah sebagai berikut:                        The details of bonds payable are as follows:

                                                     2023                  2022
    Perusahaan                                                                                                         The Company
    Obligasi Berkelanjutan II                                                                       Continuing Public Offering Bond II
        PT Jasa Marga 2020                                                                                  PT Jasa Marga 2020
      Seri A                                                      -           1.100.350                                    Series A
      Seri B                                                286.000             286.000                                    Series B
      Seri C                                                 90.050              90.050                                    Series C
      Seri D                                                523.600             523.600                                    Series D
    Subtotal                                                899.650           2.000.000                                       Subtotal
    Biaya Penerbitan Obligasi yang
      Belum Diamortisasi                                     (2.297)             (3.880)             Unamortized Bond Issuance Cost
    Total Utang Obligasi                                    897.353           1.996.120                          Total Bond Payable
    Bagian yang Jatuh Tempo Dalam Satu Tahun                      -          (1.100.350)                          Current Maturities
    Utang Obligasi Bagian Jangka Panjang                    897.353               895.770         Bond Payable of Long-term Portion




                                                               133
Page 987
PT JASA MARGA (PERSERO) Tbk                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                         unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                           25. BONDS PAYABLE (continued)

    Jumlah pembayaran kembali untuk utang obligasi                             The amounts of repayments of bonds payable by
    menurut tahun jatuh tempo pada tanggal                                     years of maturity as of December 31, 2023 and 2022
    31 Desember 2023 dan 2022 adalah sebagai                                   are as follows:
    berikut:
                                          Tahun Jatuh Tempo/
                                            Year of Maturity     2023                   2022
                                                2023                       -              1.100.350
                                                2025                 286.000                286.000
                                                2027                  90.050                 90.050
                                                2030                 523.600                523.600
                                                Total                899.650              2.000.000



    Obligasi Berkelanjutan II PT Jasa Marga Tahun                              Continuing Public Offering Bond II PT Jasa
    2020                                                                       Marga 2020

    Pada tanggal 31 Agustus 2020, Perusahaan                                   On August 31, 2020, the Company obtained an
    memperoleh pernyataan efektif dari OJK atas                                effective statement from OJK on the issuance of
    penerbitan Obligasi Berkelanjutan II Jasa Marga                            Jasa Marga Bond II Phase I Year 2020 (“Bonds”)
    Tahap I Tahun 2020 (“Obligasi”) 4 (empat) seri                             with 4 (four) series with par value, annual interest
    dengan nilai nominal, suku bunga dan jatuh tempo                           rate and maturity dates as follows:
    sebagai berikut:
        • Seri A sebesar Rp1.100.350 dan suku                                       •     Series A amounting to Rp1,100,350 and
            bunga 7,90% per tahun, akan jatuh tempo                                       annual interest rate of 7.90%, will mature on
            pada tanggal 8 September 2023.                                                September 8, 2023.
        • Seri B sebesar Rp286.000 dan suku bunga                                   •     Series B amounting to Rp286,000 and
            8,25% per tahun, akan jatuh tempo pada                                        annual interest rate of 8.25%, will mature on
            tanggal 8 September 2025.                                                     September 8, 2025.
        • Seri C sebesar Rp90.050 dan suku bunga                                    •     Series C amounting to Rp90,050 and annual
            8,60% per tahun, akan jatuh tempo pada                                        interest of 8.60%, will mature on
            tanggal 8 September 2027.                                                     September 8, 2027.
        • Seri D sebesar Rp523.600 dan suku bunga                                   •     Series D amounting to Rp523,600 and
            9,00% per tahun, akan jatuh tempo pada                                        annual interest of 9.00%, will mature on
            tanggal 8 September 2030.                                                     September 8, 2030.

    Total dana yang diterima Perusahaan pada tanggal                           Total fund received by the Company on
    8 September 2020 dari hasil penerbitan Obligasi                            September 8, 2020 from the issuance of Bonds
    adalah sebesar Rp2.000.000. Bertindak sebagai                              was Rp2,000,000. Acting as trustee for the bonds
    wali amanat adalah PT Bank Mega Tbk dan sesuai                             is PT Bank Mega Tbk and in accordance with the
    dengan prospektus penerbitan obligasi Perusahaan,                          Company’s prospectus for bonds issuance, the
    dana tersebut akan digunakan untuk modal kerja                             funds will be used for funding the Company’s
    Perusahaan, diantaranya namun tidak terbatas                               working capital, including but not limited to toll road
    pada pemeliharaan jalan tol dan sarana penunjang                           maintenance and toll road supporting facilities, also
    jalan tol, serta peningkatan fasilitas jalan tol dan                       for toll road facilities enhancement and toll road
    sarana penunjang jalan tol. Peringkat obligasi ini                         supporting facilities. The bond rating is idAA based
    adalah idAA berdasarkan peringkat dari PT                                  on the rating from PT Pemeringkat Efek Indonesia
    Pemeringkat Efek Indonesia (Pefindo) pada                                  (Pefindo) on November 13, 2023.
    13 November 2023.

    Perusahaan         juga      diwajibkan      untuk                         The Company is also required to maintain certain
    mempertahankan rasio-rasio keuangan tertentu                               financial ratios base on annual financial statements
    berdasarkan laporan keuangan tahunan yang telah                            which have been audited by public accounting firm
    diaudit oleh kantor akuntan publik yang terdaftar di                       registered in OJK during the bonds payable as
    OJK selama periode utang obligasi sebagai berikut:                         follows:

    a)   Interest Coverage Ratio (ICR) (rasio cakupan                          a)       Minimum Interest Coverage Ratio (ICR) of
         bunga) minimal 1,1:1; dan                                                      1.1:1; and
    b)   Debt to Equity Ratio (DER) (rasio utang)                              b)       Maximum Debt to Equity Ratio (DER) of 5:1
         maksimal 5:1


                                                               134
Page 988
PT JASA MARGA (PERSERO) Tbk                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                        For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)

25. UTANG OBLIGASI (lanjutan)                                         25. BONDS PAYABLE (continued)

    Obligasi ini tidak dijamin dengan suatu agunan                        The Bonds are not collateralized by a specific
    khusus, tetapi dijamin dengan seluruh harta                           collateral, but are collateralized by the Company’s
    kekayaan Perusahaan baik barang bergerak                              entire assets, either movable or immovable,
    maupun barang tidak bergerak, baik yang telah ada                     whether existing or will exist in the future.
    maupun yang akan ada di kemudian hari.

    Pada tanggal 31 Desember 2023 dan 2022,                               As of December 31, 2023 and 2022, the Company
    Perusahaan telah memenuhi seluruh rasio                               has met the financial ratio requirements.
    keuangan yang dipersyaratkan.


26. LIABILITAS PEMBEBASAN TANAH                                       26. LAND ACQUISITION LIABILITIES

    Akun ini merupakan liabilitas Entitas Anak atas dana                 This account represents liabilities of the
    talangan pembelian tanah dan untuk pembangunan                       Subsidiaries for the bail out loan and for land
    ruas jalan tol dengan menggunakan dana talangan                      acquisition and for construction of toll roads by using
    Badan Layanan Umum Badan Pengatur Jalan Tol.                         bail out loan from the Public Service Assistance Unit
    Penggunaan dana talangan tersebut oleh JSM                           - the Indonesian Toll Road Authority. The use of bail
    adalah untuk pembangunan ruas jalan tol Surabaya                     out funds by JSM is for construction of Surabaya -
    - Mojokerto, MTN adalah untuk pembangunan ruas                       Mojokerto toll road, MTN is for construction of
    Tol Kunciran - Serpong dan JKC adalah untuk                          Kunciran - Serpong Toll road and JKC is for
    pembangunan ruas tol Cengkareng - Batu Ceper -                       construction of Cengkareng - Batu Ceper - Kunciran
    Kunciran.                                                            Toll Road.

    Selain itu, kewajiban pembebasan tanah juga                          In addition, the land acquisition liabilities also
    merupakan kewajiban pembebasan tanah untuk                           represent settlement of payable for widening of
    pelunasan utang ganti rugi pelebaran Jalan Tol                       Sedyatmo Toll Road to Ministry of Environment and
    Sedyatmo ke Kementerian Lingkungan Hidup dan                         Forestry.
    Kehutanan.


27. LIABILITAS SEWA                                                   27. LEASE LIABILITIES

    Kelompok Usaha menandatangani beberapa                               The Group entered into several lease agreements
    perjanjian sewa yang berkaitan dengan sewa lahan,                    which are related to rent of land, buildings, vehicles,
    gedung, kendaraan, alat pengangkutan dan                             transportation equipment and other equipments.
    peralatan lainnya. Perjanjian sewa biasanya                          Rental agreements are typically made for fixed
    memiliki periode tetap dari 1 tahun sampai dengan                    period of 1 year to 5 years. Lease terms are
    5 tahun. Ketentuan sewa dinegosiasikan secara                        negotiated on an individual basis and contain a wide
    individu dan mengandung syarat dan ketentuan                         range of different terms and conditions. The lease
    yang berbeda. Perjanjian sewa tidak memberikan                       agreements do not impose any convenants, but
    persyaratan apapun, tetapi aset hak guna tidak                       right of use assets may not be used as security for
    dapat digunakan sebagai jaminan atas pinjaman.                       borrowing purposes.

    Laporan posisi keuangan konsolidasian pada                           The consolidated statement of financial position as
    tanggal 31 Desember 2023 dan 2022 menyajikan                         at December 31, 2023 and 2022 shows the following
    saldo-saldo berikut berkaitan dengan sewa:                           amounts related to leases:

                                                    2023                     2022
    Kurang dari 1 Tahun                                      72.912                   29.747                       Less than 1 Year
    Antara 1 - 3 Tahun                                       74.436                 104.169                    Between 1 - 3 Years
    Total                                                  147.348                  133.916                                   Total
    Dikurangi: Bunga diskonto                              (17.332)                 (13.423)                Less: Discount interest
    Nilai Kini Pembayaran                                  130.016                  120.493                     Current Payment
      Sewa Minimum                                                                                              Minimum Lease
         Dikurangi: bagian jatuh tempo satu tahun          (72.631)                 (29.379)           Less: short-term portion
    Bagian jangka panjang                                    57.385                   91.114                    Long-term portion




                                                             135
Page 989
PT JASA MARGA (PERSERO) Tbk                                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                  unless otherwise stated)

27. LIABILITAS SEWA (lanjutan)                                                27. LEASE LIABILITIES (continued)

    Laporan laba rugi menyajikan                   saldo   berikut               The statement of profit or loss shows the following
    berkaitan dengan sewa:                                                       amounts related to leases:

                                                            2023                  2022
    Depresiasi atas aset hak guna (Catatan 11)                                                         Depreciation related to right-of-use assets (Note 11)
      Kendaraan Bermotor                                            66.564               60.115                                                  Vehicles
      Gedung Kantor dan Bangunan Lain                                3.167                1.232                               Office and Other Buildings
      Peralatan Operasi dan Kantor                                  10.442                6.714                       Operational and Office Equipment
    Beban bunga (Catatan 42)                                        12.224                6.867                                   Interest expense (Note 42)
    Beban sewa jangka pendek (Catatan 38 dan 39)                    91.244               97.451                 Current leases expense (Notes 38 and 39)


    Pergerakan pada liabilitas sewa yang timbul dari                              The movement in the lease liabilities arising from
    aktivitas pendanaan di 2023 dan 2022 adalah                                   financing activities in 2023 and 2022 were as
    sebagai berikut:                                                              follows:

                                                             2023                 2022
    Pada Awal Tahun                                                120.493               114.487                            At the Beginning of the Year
    Penambahan liabilitas sewa                                     105.202                75.848                                 Addition of lease liabilities
    Penambahan dari efek kombinasi bisnis                           36.871                     -                          Addition of business combination
    Beban bunga liabilitas sewa                                     12.224                 6.868                                 Interest on lease liabilities
    Pembayaran liabilitas sewa                                    (144.774)              (76.710)                               Payment of lease liabilities
    Saldo Akhir Tahun                                              130.016               120.493                              Ending Balance of the Year




28. PROVISI PELAPISAN JALAN TOL                                               28. PROVISION FOR OVERLAY

    Jumlah dari provisi pelapisan jalan tol ini terdiri dari:                    The amounts of provision for overlay are as follows:

                                                           2023                     2022
    Saldo Awal                                                  969.206                     699.113                              Beginning Balance
    Penambahan (Catatan 38)                                     756.824                     733.600                               Addition (Note 38)
    Dampak Akuisisi Entitas Anak                                242.884                           -                   Subsidiary Acquisition Impact
    Dampak Dekonsolidasi Entitas Anak                                 -                     (51.244)               Deconsolidated Subsidiary Impact
    Realisasi                                                  (695.411)                   (412.263)                                     Realization
    Saldo Akhir                                               1.273.503                    969.206                                      Ending Balance
    Bagian Jangka Pendek                                        541.854                    493.242                                       Current Portion
    Bagian Jangka Panjang                                       731.649                    475.964                                     Long-term Portion
    Total                                                     1.273.503                    969.206                                                Total



29. PENDAPATAN DITERIMA DI MUKA                                               29. UNEARNED REVENUE

    Pendapatan diterima di muka merupakan jumlah                                 Unearned revenue represents amounts received
    dari pendapatan sewa iklan, lahan, tempat                                    from rental of advertisements, space, rest areas, and
    peristirahatan, dan pemanfaatan Ruang Milik Jalan                            for use of the Space Owned Toll Road Area
    Tol (Rumijatol).                                                             (Rumijatol).




                                                                      136
Page 990
PT JASA MARGA (PERSERO) Tbk                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                      unless otherwise stated)

30. LIABILITAS IMBALAN KERJA                                            30. EMPLOYEE BENEFITS LIABILITIES

    Rincian liabilitas imbalan kerja jangka panjang adalah                The long-term employee benefits liability with detail
    sebagai berikut:                                                      are follows:
                                                      2023                 2022
     Perusahaan                                                                                                              The Company
       Program Kesehatan Pensiunan                           618.557              599.299                   Pension Healthcare Program
       Program Purna Karya                                   493.295              471.199              Post-Retirement Benefits Program
       Program Pasca kerja                                                                                       Other Post-Employment
         Lainnya                                             140.267              128.693                            Benefits Program
       Program Jangka Panjang                                                                                Other Long-term Employee
         Lainnya                                           20.499                  19.811                            Benefits Program
       Program Pensiun                                        -                       -                                    Pension Plan
     Subtotal                                           1.272.618               1.219.002                                        Subtotal

     Entitas Anak                                                                                                              Subsidiaries
       Program Pensiun dan Imbalan                                                                      Pension Program and Other Post
          Pascakerja Lainnya                                                                                          Benefits Program
          PT Jalantol Lingkarluar Jakarta                     23.557               18.817               PT Jalantol Lingkarluar Jakarta
          PT Jasamarga Transjawa Tollroad                     10.867                9.983            PT Jasamarga Transjawa Tollroad
          PT Jasamarga Related Business                        4.472                4.030             PT Jasamarga Related Business
          PT Jasamarga Bali Tol                                4.466                4.471                       PT Jasamarga Bali Tol
          PT Marga Sarana Jabar                                  635                  740                      PT Marga Sarana Jabar
          PT Jasamarga Tollroad -                                                                             PT Jasamarga Tollroad -
            Maintenance                                         295                   110                                 Maintenance
          PT Jasamarga Japek Selatan                            262                   168                 PT Jasamarga Japek Selatan
          PT Jasamarga Kunciran Cengkareng                      212                   169         PT Jasamarga Kunciran Cengkareng
          PT Cinere Serpong Jaya                                165                   119                     PT Cinere Serpong Jaya
          PT Jasamarga Balikpapan -                                                                         PT Jasamarga Balikpapan
            Samarinda                                         150                     101                                   Samarinda
          PT Jasamarga Manado Bitung                          109                       85               PT Jasamarga Manado Bitung
          PT Jasamarga Probolingo Banyuwangi                   47                     -          PT Jasamarga Probolingo Banyuwangi
          PT Jasamarga Kualanamu Tol                           46                     107                PT Jasamarga Kualanamu Tol
          PT Jasamarga Jogja Bawen                              1                     -                    PT Jasamarga Jogja Bawen
       Subtotal                                            45.284                  38.900                                        Subtotal
     Total                                              1.317.902               1.257.902                                             Total
     Dikurangi: bagian jangka pendek                       (1.794)                 (1.794)                         Less: short-term portion
     Bagian jangka panjang                              1.316.108               1.256.108                              Long-term portion


    Estimasi liabilitas imbalan kerja          yang   diakui              The estimated employee benefits liabilities
    Perusahaan adalah sebagai berikut:                                    recognized by the Company are as follows:

    a.   Program kesehatan pensiunan                                       a.     Pension healthcare program

         Kewajiban atas masa kerja lalu diestimasi                                Employee benefits liability is estimated using
         dengan menggunakan metode Projected-Unit-                                the Projected-Unit-Credit method based on
         Credit berdasarkan asumsi aktuaria jangka                                long-term actuarial assumptions.
         panjang.

         Perusahaan       menyelenggarakan     program                            The Company established a healthcare facility
         fasilitas kesehatan untuk karyawan yang sudah                            for employees who had retired together with
         pensiun bersama dengan keluarganya sesuai                                their families in accordance with the Company
         Peraturan Perusahaan. Perusahaan tidak                                   Regulation. The Company does not undertake
         melakukan pendanaan untuk Program ini.                                   any funding for this Program.




                                                                  137
Page 991
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                            30. EMPLOYEE BENEFITS LIABILITIES (continued)

    a.   Program kesehatan pensiunan (lanjutan)                        a.   Pension healthcare program (continued)

         Jumlah karyawan yang berhak atas imbalan                           The number of employees entitled to these
         tersebut pada tanggal 31 Desember 2023 dan                         benefits as of December 31, 2023 and
         2022 masing-masing sebanyak 9.064 dan                              2022 amounting to 9,064 and 9,294 employees
         9.294 karyawan beserta keluarganya sesuai                          with their families in accordance with the
         Peraturan Perusahaan.                                              Company Regulation.
                                                  2023                       2022
         Nilai Kini Liabilitas -                         599.299                    559.407                       Present Value Liability -
           Awal Tahun                                                                                                 Beginning of Year
         Biaya Bunga                                      44.947                     41.956                                    Interest Cost
         Biaya Jasa Kini                                   7.703                      7.686                          Current Service Cost
         Pembayaran Imbalan                              (40.143)                   (43.607)                           Benefits Payments
         Nilai Kini Liabilitas - Akhir Tahun             611.806                    565.442           Present Value Liability - End of Year
         Pengukuran kembali liabilitas                                                                      Re-measurement of net liability
           imbalan pasti neto                                                                                             defined return
             - Kerugian dari                                                                                   Loss from Changes In -
                 Perubahan Asumsi                         14.122                          -                            Assumptions
             - Penyesuaian atas Pengalaman                (7.371)                    33.857               Adjustment of Experiences -
         Nilai Kini Liabilitas -                                                                                  Present Value Liability -
            Akhir Tahun                                  618.557                    599.299                                End of Year
         Nilai Kini Liabilitas Tidak Didanai -                                                           Present Value Liability Unfunded -
            Akhir Tahun                                  618.557                    599.299                                     End of Year


         Rincian (keuntungan)/kerugian aktuaria dalam                       The details of actuarial (gains)/losses in other
         penghasilan komprehensif lain adalah sebagai                       comprehensive income are as follows:
         berikut:

                                                  2023                       2022
         Penghasilan Komprehensif Lain                                                                       Other Comprehensive Income
         Pengukuran kembali liabilitas (aset)                                                            Re-Measurement of define benefits
           imbalan pasti neto                                                                                          liability (asset) net
         Kerugian aktuarial                                                                                                    Actuarial loss
           - Perubahan asumsi aktuarial                   14.122                          -              Actuarial assumption changes -
           - Penyesuaian atas pengalaman                  (7.371)                    33.857                    Experiences adjustment -
         Biaya yang diakui dalam -                                                                                    Recognized cost at -
            Penghasilan Komprehensif Lain                  6.751                     33.857              Other Comprehensive Income
         Pajak penghasilan terkait                              -                             -                         Related tax income
         Pengukuran kembali liabilitas imbalan                                                           Remeasurements of long-term
           kerja jangka panjang - setelah pajak            6.751                     33.857       employee benefits liability - net of tax


         Rincian beban yang diakui dalam laporan laba                       The details of the expenses recognized in the
         rugi konsolidasian adalah sebagi berikut:                          consolidated statement of profit or loss are as
                                                                            follows:

                                                  2023                       2022
         Biaya Jasa Kini                                   7.703                      7.686                            Current Service Cost
         Biaya Bunga                                      44.947                     41.956                                    Interest Cost
         Beban yang Diakui                                52.650                     49.642                         Recognized Expenses




                                                         138
Page 992
PT JASA MARGA (PERSERO) Tbk                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                              unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                       30. EMPLOYEE BENEFITS LIABILITIES (continued)

    a.   Program kesehatan pensiunan (lanjutan)                                     a.    Pension healthcare program (continued)

         Asumsi aktuaria yang digunakan dalam                                             The actuarial assumptions used in determining
         menentukan beban dan liabilitas imbalan                                          the    expenses       and     liabilities   of
         pascakerja adalah sebagai berikut:                                               post-employment benefits are as follows:

                                                           2023                            2022
         Tingkat Bunga Aktuaria Awal Tahun               7,00%                           7,50%                    Discount Rate - Beginning of Year
         Estimasi Kenaikan Biaya Kesehatan        6% menurun linier sampai       6% decreased linearly to                   Health Care Increment
                                                     4% kemudian flat                  4% then flat
         Proporsi Usia Pensiun Normal                                        100%                              Proportion of Normal Retirement Age
         Tingkat Mortalitas                          TMI 4 & GAM 1971              TMI 4 & GAM 1971                                  Mortality Rate
         Tingkat Cacat                                10 % dari TMI 4                 10 % of TMI 4                                  Disability Rate
         Tingkat Perputaran Pekerja                                                                                                  Turnover Rate
                                                                                Tingkat perputaran pekerja/
                                                         Usia/ Age
                                                                                       Turnover rate
                                                          15 – 29                           6%
                                                          30 – 34                           3%
                                                          35 – 39                          1,8%
                                                          40 – 50                          1,2%
                                                          51 – 52                          0,6%
                                                           > 52                            0,0%
         Metode Aktuaria                                             Projected-Unit-Credit                                        Actuarial Method
         Usia Pensiun Normal (tahun)                        56                              56                       Normal Retirement Age (years)


         Sensitivitas juga dihitung dengan metode                                         Sensitivities are also calculated with the
         Projected-Unit-Credit sebagaimana diterapkan                                     Projected-Unit-Credit method as applied when
         ketika menghitung nilai kini kewajiban imbalan                                   calculating present value of defined benefit
         pasti. Analisis sensitivitas didasarkan pada                                     obligation. The sensitivity analyses are based
         perubahan satu asumsi dan menganggap                                             on a change of one assumption while holding
         semua asumsi lainnya konstan.                                                    all other assumptions constant.

                                                           2023                            2022
         Analisis Sensitivitas                                                                                                  Sensitivity Analysis
         Nilai Kini Kewajiban                             618.557                        599.299                             Present Value Defined
           Imbalan Pasti                                                                                                      Benefit Obligations
         Asumsi Tingkat Diskonto                                                                                        Discount Rate Assumptions
           + 1,00%                                        571.402                        513.787                                          + 1,00%
           - 1,00%                                        673.434                        609.607                                          - 1,00%
         Asumsi Tingkat Inflasi Biaya Kesehatan                                                               Healthcare Inflation Rate Assumptions
           + 1,00%                                        624.742                        563.643                                          + 1,00%
           - 1,00%                                        612.230                        552.440                                          - 1,00%


    b.   Program pensiun                                                            b.    Pension Program

         Program pensiun ini dikelola oleh Dana Pensiun                                   The retirement program is managed by Dana
         JASA MARGA yang telah disahkan oleh                                              Pensiun JASA MARGA which has been
         Menteri   Keuangan       Republik    Indonesia                                   authorized by the Ministry of Finance of the
         KEP-379/KM.6/2004           pada        tanggal                                  Republic of Indonesia KEP-379/KM.6 /2004 on
         14 September 2004.                                                               September 14, 2004.

         Pada tanggal 31 Desember 2023 dan 2022,                                          As of December 31, 2023 and 2022, the number
         jumlah karyawan yang berhak memperoleh                                           of employees are entitled to these benefits are
         manfaat tersebut adalah sebanyak 1.568                                           1,568 active employees and 1,681 active
         karyawan aktif dan 1.681 karyawan aktif.                                         employees.




                                                                      139
Page 993
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                           30. EMPLOYEE BENEFITS LIABILITIES (continued)

    b.   Program pensiun (lanjutan)                                   b.   Pension Program (continued)

         Khusus untuk karyawan yang masuk mulai                            Employee that enroll from 2012, the retirement
         tahun 2012, program pensiunnya dikelola oleh                      program is managed by Dana Pensiun
         Dana Pensiun Lembaga Keuangan Jiwasraya                           Lembaga Keuangan Jiwasraya in form of
         berupa program pensiun iuran pasti yang telah                     defined contribution pension program which
         disahkan oleh Menteri Keuangan Republik                           has been authorized by the Ministry of Finance
         Indonesia melalui Surat Keputusan No. Kep.                        of the Republic of Indonesia 171-KMK/7/1993
         171-KMK/7/1993 tanggal 16 Agustus 1993.                           on August 16, 1993. As of December 31, 2023
         Pada tanggal 31 Desember 2023 dan 2022,                           and 2022, the number of employees which are
         jumlah karyawan yang berhak memperoleh                            entitled to these benefits are 386 and 389 active
         manfaat tersebut adalah sebanyak 386 dan 389                      employees.
         karyawan aktif.

         Rekonsiliasi jumlah yang diakui dalam laporan                     The reconciliation of amount recognized in the
         posisi keuangan adalah sebagai berikut:                           statement of financial position as follows:
                                                   2023                    2022
         Nilai Kini Liabilitas                        1.656.624               1.501.041                           Present Value of Liabilities
         Nilai Wajar Aset Program                    (1.664.221)             (1.521.655)                              Fair Value Plan Assets
         Status Pendanaan                                  (7.597)                (20.614)                                  Funding Status
         Jumlah yang tidak diakui sebagai aset              7.597                  20.614                 Amounts not recognized as assets
         Liabilitas Neto                                      -                       -                                        Net Liabilities


         Rekonsiliasi saldo awal dan akhir nilai kini                      The reconciliation of the opening and ending
         liabilitas adalah sebagai berikut:                                balances of the present value of liabilities is as
                                                                           follows:

                                                    2023                   2022
          Nilai Kini Liabilitas - Awal Tahun             1.501.041           1.403.438       Present Value of Liabilities - Beginning of Year
          Penyesuaian Meode Atribusi Imbalan                   -                (7.375)            Reward Attribution Method Adjustments
          Biaya Bunga                                      112.578             105.258                                           Interest Cost
          Biaya Jasa Kini                                   17.742              15.262                                  Current Service Cost
          Pembayaran Imbalan                              (103.939)            (99.383)                                    Benefits Payments
          Nilai Kini Liabilitas - Akhir Tahun                                                          Present Value Liability - End of Year
            (Ekspektasi)                                 1.527.422           1.417.200                                        (Expectation)
          Pengukuran kembali liabilitas                                                                     Re-measurement of net liability
            imbalan pasti neto                                                                                          of defined benefits
               - (Keuntungan)/Kerugian dari                                                              (Gain)/Loss from Changes In -
                  Perubahan Asumsi                         52.200                   (633)                                Assumptions
               - Penyesuaian atas Pengalaman               77.002                 84.474                       Experience Adjustment -
          Nilai Kini Liabilitas - Akhir Tahun            1.656.624            1.501.041          Present Value of Liabilities - End of Year




                                                           140
Page 994
PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                           For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                30. EMPLOYEE BENEFITS LIABILITIES (continued)

    b.   Program pensiun (lanjutan)                                        b.    Pension Program (continued)

         Rekonsiliasi saldo awal dan akhir nilai wajar                          The reconciliation of the beginning and ending
         aset program adalah sebagai berikut:                                   balances of the fair value plan of asset is as
                                                                                follows:

                                                     2023                       2022
         Nilai Wajar Aset Program -                                                                                          Plan Assets -
           Awal Tahun                                   1.521.655                 1.401.326                           Beginning of Year
         Ekspektasi Imbal Hasil dari                                                                                Expected Return from
           - Aset Program                                 114.124                   105.099                            Program Assets -
           - Imbal Hasil Aset Program                      24.465                    17.342                     Return of Plan's Asset -
         Pembayaran Iuran - Pemberi Kerja                 105.844                    95.094       Payment of Contributions from Employer
         Pembayaran Iuran - Peserta Program                 2.072                     2.177       Payment of Contributions from Employee
         Pembayaran Imbalan Kerja                        (103.939)                  (99.383)                                 Benefits Paid
         Aset Program Akhir Tahun                       1.664.221                 1.521.655                Plan Assets - End of the Year


         Rincian (keuntungan)/kerugian aktuaria dalam                           The details of actuarial (gains)/losses in the
         penghasilan komprehensif lain adalah sebagai                           other comprehensive income are as follows:
         berikut:

                                                     2023                       2022
         Pengukuran kembali liabilitas (aset)                                                           Re-Measurement of define benefit
            imbalan pasti neto                                                                                       liability (asset), net
         (Keuntungan) dan kerugian aktuarial                                                                      Actuarial (gain) and loss
           - Perubahan asumsi aktuarial                       52.200                      (633)         Actuarial Assumption Changes -
           - Penyesuaian atas pengalaman                      77.002                    84.474              Adjustment for Experience -
         Imbal hasil atas aset program                      (24.465)                    17.342                       Return of plan's asset
         Dampak batas atas                                  (13.017)                    20.614                           Upper Limit effect
         Biaya yang diakui dalam Penghasilan -                                                                Recognized cost at Other -
           Komprehensif Lain                                91.720                     121.797                 Comprehensive Income


         Rincian beban yang diakui dalam laba rugi                              The details of the expenses recognized in the
         adalah sebagai berikut:                                                profit or loss are as follows:

                                                     2023                       2022
         Biaya Jasa Kini                                     15.670                     13.085                       Current Service Cost
         Bunga Neto atas Liabilitas                          (1.546)                       158                      Net Interest of Liability
         Beban yang Diakui                                   14.124                     13.243                     Recognized Expenses


         Asumsi aktuaria yang digunakan dalam                                   The actuarial assumptions used in determining
         menentukan beban dan liabilitas imbalan                                the expenses and liabilities fo post-employment
         pascakerja adalah sebagai berikut:                                     benefits are as follows:

                                                       2023                     2022
         Tingkat Diskonto                             7,00%                   7,50%                                           Discount Rate
         Estimasi Kenaikan Gaji                       5,00%                   5,00%                                         Salary Increment
         Tingkat Mortalitas                         100% TMI IV          100% TMI IV                                          Mortality Rate
         Tingkat Cacat                                    10 % Tabel Mortalitas                                               Disability Rate
         Tingkat Perputaran Pekerja                                                                                           Turnover Rate
                                                                         Tingkat perputaran
                                                     Usia/ Age
                                                                       pekerja/ Turnover rate
                                                      15 – 29                     6%
                                                      30 – 34                     3%
                                                      35 – 39                   1,8%
                                                      40 – 50                   1,2%
                                                      51 – 52                   0,6%
                                                       > 52                     0,0%
         Metode Aktuaria                                    Projected-Unit-Credit                                          Actuarial Method
         Usia Pensiun Normal                                  56 tahun/ years                                         Normal Retirement Age
         Usia Pensiun Dini                                    46 tahun/ years                                          Early Retirement Age
         Proporsi Pengambilan Usia Pensiun Normal                  100%                                 Proportion of Normal Retirement Age




                                                            141
Page 995
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                             30. EMPLOYEE BENEFITS LIABILITIES (continued)

    b.   Program pensiun (lanjutan)                                        b.      Pension Program (continued)

                                                       2023                     2022
         Portofolio Aset Program                                                                                     Portfolio of Plan Asset
           Instrumen Ekuitas                            11%                     11%                                      Equity Instrument
           Deposito Berjangka                            3%                      4%                                         Time Deposits
           Reksa Dana                                    7%                     28%                                           Mutual Fund
           Obligasi                                     77%                     52%                                                   Bond
           Properti                                      1%                      2%                                                Property
           Aset Lainnya (Group Saving Product)           1%                      3%                   Other Assets (Group Saving Product)
         Total                                         100%                     100%                                                    Total


         Sensitivitas juga dihitung dengan metode                                  Sensitivities are also calculated with the
         Projected-Unit-Credit sebagaimana diterapkan                              Projected-Unit-Credit method as applied when
         ketika menghitung nilai kini kewajiban imbalan                            calculating present value of defined benefit
         pasti. Analisis sensitivitas didasarkan pada                              obligation. The sensitivity analyses are based
         perubahan satu asumsi dan menganggap                                      on a change of one assumption while holding
         semua asumsi lainnya konstan.                                             all other assumptions constant.

                                                       2023                     2022
         Analisis Sensitivitas                                                                                          Sensitivity Analysis
         Nilai Kini Kewajiban Imbalan Pasti          1.656.624               1.501.041           Present Value Defined Benefit Obligations
         Asumsi Tingkat Diskonto                                                                                Discount Rate Assumptions
           - 1,00%                                   1.795.224               1.581.594                                             - 1,00%
           + 1,00%                                   1.526.764               1.428.408                                             + 1,00%
         Asumsi Tingkat Kenaikan Gaji                                                                         Salary Increment Assumptions
           - 1,00%                                   1.507.138               1.410.626                                             - 1,00%
           + 1,00%                                   1.802.869               1.603.531                                             + 1,00%
         Metode Analisis Sensitivitas                       Deterministic Method                                 Sensitivity Analysis Method


    c.   Program purna karya                                               c.      Post-retirement benefits program

         Kewajiban atas masa kerja lalu diestimasi dengan                          Employee benefits liabilities are estimated
         menggunakan metode Projected-Unit-Credit                                  using the Projected-Unit-Credit method based
         berdasarkan asumsi aktuaria jangka panjang.                               on long-term actuarial assumptions. The
         Perusahaan menyelenggarakan program ini                                   Company maintains its program based on
         sesuai perjanjian kerja bersama. Perusahaan                               collective labor agreement. The Company
         melakukan pendanaan sehubungan dengan                                     committed funding the employee benefits
         program manfaat karyawan tersebut yang                                    program on insurance program managed by
         ditempatkan pada program asuransi dikelola oleh                           AJB Bumiputera. Funding for Purnakarya
         AJB      Bumiputera.   Pendanaan         manfaat                          benefit placet at AJB Bumiputera has been
         Purnakarya yang ditempatkan di AJB Bumiputera                             taken out from actuarial calculation since
         dikeluarkan dari perhitungan Aktuaria sejak                               valuation per 31 December 2019.
         perhitungan per 31 Desember 2019.

         Jumlah karyawan yang berhak atas imbalan                                  The     number     of   employees    as  of
         tersebut pada tanggal 31 Desember 2023 dan                                December 31, 2023 and 2022 entitled to this
         2022 adalah sebanyak 1.944 dan 2.059                                      benefits are 1,944 and 2,059 employees.
         karyawan.




                                                            142
Page 996
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                             30. EMPLOYEE BENEFITS LIABILITIES (continued)

    c.   Program purna karya (lanjutan)                                 c.     Post-retirement            benefits            program
                                                                               (continued)

         Rekonsiliasi jumlah yang diakui dalam laporan                         The reconciliation of amount recognize in the
         posisi keuangan adalah sebagai berikut:                               statement of financial position as follows:

                                                  2023                       2022
         Nilai Kini Liabilitas Manfaat Pasti             493.295                    471.199     Present value of Defined Benefit Liability
         Nilai Wajar Aset Program                              -                          -                Fair Value of Program Assets
         Posisi Pendanaan                                493.295                    471.199                                     Funding


         Rekonsiliasi saldo awal dan akhir nilai kini                          The reconciliation of the beginning and ending
         liabilitas adalah sebagai berikut:                                    balances of the presentvalue of liabilities as
                                                                               follows:

                                                   2023                       2022
          Nilai Kini Liabilitas -                                                                                 Present Value Liability -
            Awal Tahun                                    471.199                    429.026                         Beginning of Year
          Biaya Bunga                                      31.870                     27.633                                   Interest Cost
          Biaya Jasa Kini                                  20.549                     18.153                         Current Service Cost
          Pembayaran Imbalan                              (48.503)                   (43.889)                          Benefits Payments
          Nilai Kini Liabilitas - Akhir Tahun                                                         Present Value Liability - End of Year
            (Ekspektasi)                                  475.115                    430.923                               (Expectation)
          Pengukuran kembali liabilitas                                                                       Re-measurement of liability
            (aset) imbalan pasti neto                                                                             (asset) defined return
            - (Keuntungan)/Kerugian dari                                                                  (Gain)/Loss from Changes in-
                 Perubahan Asumsi                           8.002                    (10.243)                           Assumtions
            - Penyesuaian atas Pengalaman                 10.178                       50.519                 Experiences Adjustment-
          Nilai Kini Liabilitas - Akhir Tahun             493.295                    471.199        Present Value Liability - End of Year


         Rincian (keuntungan)/kerugian aktuaria dalam                          The details of actuarial (gains)/losses in the
         penghasilan komprehensif lain adalah sebagai                          other comprehensive income are as follows:
         berikut:

                                                  2023                       2022
         (Keuntungan) dan Kerugian Aktuarial                                                                    Actuarial (gain) and loss
           - Perubahan Asumsi Aktuarial                    8.002                    (10.243)          Actuarial Assumption Changes -
           - Penyesuaian atas Pengalaman                  10.178                      50.519              Adjustment for Experience -
         Biaya yang diakui dalam                                                                              Recognized Expenses at
           Penghasilan Komprehensif Lain                  18.180                     40.276            Other Comprehensive Income


         Rincian beban yang diakui dalam laporan laba                          The details of the expenses recognized in the
         rugi konsolidasian adalah sebagi berikut:                             consolidated statement of profit or loss are as
                                                                               follows:

                                                  2023                       2022
         Bunga Neto atas Liabilitas                       31.870                     27.633                       Net Interest of Liability
         Biaya Jasa Kini                                  20.549                     18.153                        Current Service Cost
         Beban yang Diakui                                52.419                     45.786                       Recognized Expense




                                                          143
Page 997
PT JASA MARGA (PERSERO) Tbk                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                         unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                30. EMPLOYEE BENEFITS LIABILITIES (continued)

    c.   Program purna karya (lanjutan)                                        c.    Post-retirement           benefits            program
                                                                                     (continued)

         Asumsi aktuaria yang digunakan dalam                                        The actuarial assumptions used in determining
         menentukan beban dan liabilitas imbalan                                     the expenses and liabilities fo post-employment
         pascakerja adalah sebagai berikut:                                          benefits are as follows:

                                                        2023                        2022
         Tingkat Diskonto                              6,75%                     7,00%                                          Discount Rate
         Estimasi Kenaikan Gaji Pegawai Aktif          7,00%                     7,00%                                        Salary Increment
         Tingkat Mortalitas                          100% TMI4                 100% TMI4                                        Mortality Rate
         Tingkat Cacat                              10% dari TMI4             10% dari TMI4                                     Disability Rate
         Tingkat Perputaran Pekerja                                                                                             Turnover Rate
                                                                            Tingkat perputaran
                                                     Usia/ Age
                                                                           pekerja/ Turnover rate
                                                       15 – 29                       6%
                                                       30 – 34                       3%
                                                       35 – 39                      1,8%
                                                       40 – 50                      1,2%
                                                       51 – 52                      0,6%
                                                        > 52                        0,0%
         Metode Aktuaria                                                                                                      Actuarial Method
         Usia Pensiun Normal                                      56 tahun/years                                         Normal Retirement Age
         Proporsi Pengambilan Usia Pensiun Normal                      100%                                Proportion of Normal Retirement Age


         Sensitivitas juga dihitung dengan metode                                     Sensitivities are also calculated with the
         Projected-Unit-Credit sebagaimana diterapkan                                 Projected-Unit-Credit method as applied when
         ketika menghitung nilai kini kewajiban imbalan                               calculating present value of defined benefit
         pasti. Analisis sensitivitas didasarkan pada                                 obligation. The sensitivity analyses are based
         perubahan satu asumsi dan menganggap                                         on a change of one assumption while holding
         semua asumsi lainnya konstan.                                                all other assumptions constant.

                                                         2023                        2022
         Analisis Sensitivitas                                                                                               Sensitivity Analysis
         Nilai Kini Kewajiban Imbalan Pasti                      493.295                    471.199   Present Value Defined Benefit Obligations
         Asumsi Tingkat Diskonto                                                                                     Discount Rate Assumptions
           - 1,00%                                               525.327                    501.796                                     - 1,00%
           + 1,00%                                               464.432                    443.630                                     + 1,00%
         Asumsi Tingkat Kenaikan Gaji                                                                              Salary Increment Assumptions
           - 1,00%                                               463.472                    442.712                                     - 1,00%
           + 1,00%                                               525.849                    502.296                                     + 1,00%




                                                               144
Page 998
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                             30. EMPLOYEE BENEFITS LIABILITIES (continued)

    d.   Program Pascakerja lainnya                                    d.   Other post-retirement benefits program

         Perusahaan     menyelenggarakan    program                          The Company maintains its employee
         manfaat PHK karyawan (post-retirement                               post-retirement benefits program based on
         benefit) sesuai perjanjian kerja bersama                            collective labor agreement by providing benefits
         dengan memberikan imbalan sesuai UU.                                according to Law No. 13/2003 for employee
         No. 13/2003 bagi karyawan meninggal atau                            who decease or has a prolonged illness and
         sakit berkepanjangan dan imbalan emas untuk                         gold reward benefits for employee who retire
         karyawan yang berhenti bekerja selain                               besides due to resign. The Company does not
         dikarenakan pengunduran diri. Perusahaan                            undertake any funding for this program.
         tidak melakukan pendanaan sehubungan
         dengan program manfaat karyawan tersebut.

         Rekonsiliasi saldo awal dan akhir nilai kini                       The reconciliation of the beginning and ending
         liabilitas adalah sebagai berikut:                                 balances of the present value of liabilities is as
                                                                            follows:

                                                2023                        2022
         Nilai Kini Liabilitas -                                                                         Present Value Liability -
         Awal Tahun                                     128.693                    107.395                  Beginning of Year
         Biaya Bunga                                       9.541                      7.558                         Interest Cost
         Biaya Jasa Kini                                   5.662                      4.599                 Current Service Cost
         Biaya Jasa Lalu                                       -                     10.913                    Post Service Cost
         Pembayaran Imbalan                               (9.167)                  (13.203)                   Benefits Payments
                                                         134.729                   117.262
         Pengukuran kembali liabilitas                                                                Re-measurement of liability
           (aset) imbalan pasti neto                                                                     (asset) defined return
             - (Keuntungan)/Kerugian dari                                                      (Gain)/Loss from Changes In -
                Perubahan Asumsi                           1.948                    (1.872)                   Assumptions
             - Penyesuaian atas Pengalaman                 3.590                    13.303       Adjustment of Experiences -
         Nilai Kini Liabilitas -                                                                        Present Value Liability -
           Akhir Tahun                                  140.267                    128.693                       End of Year


         Rincian (keuntungan)/kerugian aktuaria dalam                       The details of actuarial (gains)/losses in other
         penghasilan komprehensif lain adalah sebagai                       comprehensive income are as follows:
         berikut:

                                                2023                        2022
         (Keuntungan) atau Kerugian Aktuarial                                                             Actuarial (Gain) or Loss
           - Perubahan Asumsi Aktuarial                   1.948                    (1.872)     Actuarial Assumption Changes -
           - Penyesuaian atas Pengalaman                  3.590                    13.303          Adjustment for Experience -
         Biaya yang diakui dalam                                                                       Recognized Expenses at
           Penghasilan Komprehensif Lain                  5.538                    11.431       Other Comprehensive Income


         Rincian beban yang diakui dalam laba rugi                          The details of actuarial (gains)/losses in profit or
         adalah sebagai berikut:                                            loss are as follows:

                                                2023                        2022
         Biaya Jasa Kini                                  5.662                     4.599                   Current Service Cost
         Biaya Jasa Lalu                                      -                    10.913                       Post Service Cost
         Bunga Neto atas Liabilitas                       9.541                     7.558                  Net Interest of Liability
         Beban yang Diakui                               15.203                    23.070                 Recognized Expenses




                                                          145
Page 999
PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                            30. EMPLOYEE BENEFITS LIABILITIES (continued)

    d.   Program Pascakerja lainnya (lanjutan)                            d.    Other post-retirement benefits                program
                                                                                (continued)

         Asumsi aktuaria yang digunakan dalam                                   The actuarial assumptions used in determining
         menentukan beban dan liabilitas imbalan                                the expenses and liabilities fo postemployment
         pascakerja adalah sebagai berikut:                                     benefits are as follows:

                                                       2023                     2022
         Tingkat Diskonto                              6,75%                   7,00%                                         Discount Rate
         Estimasi Kenaikan Gaji Pegawai Aktif          6,50%                   6,50%                             Estimated Salary Increment
         Tingkat Mortalitas                          100% TMI4               100% TMI4                                       Mortality Rate
         Tingkat Cacat                              5% dari TMI4            5% dari TMI4                                     Disability Rate
         Tingkat Perputaran Pekerja                                                                                          Turnover Rate
                                                                          Tingkat perputaran
                                                     Usia/ Age
                                                                        pekerja/ Turnover rate
                                                      15 – 29                     6%
                                                      30 – 34                     3%
                                                      35 – 39                    1,8%
                                                      40 – 50                    1,2%
                                                      51 – 52                    0,6%
                                                       > 52                      0,0%
         Metode Aktuaria                                    Projected-Unit-Credit                                          Actuarial Method
         Usia Pensiun Normal                                   56 tahun/ years                                        Normal Retirement Age
         Proporsi Pengambilan Usia Pensiun Normal                   100%                                Proportion of Normal Retirement Age


         Sensitivitas juga dihitung dengan metode                                Sensitivities are also calculated with the
         Projected-Unit-Credit sebagaimana diterapkan                            Projected-Unit-Credit method as applied when
         ketika menghitung nilai kini kewajiban imbalan                          calculating present value of defined benefit
         pasti. Analisis sensitivitas didasarkan pada                            obligation. The sensitivity analyses are based
         perubahan satu asumsi dan menganggap                                    on a change of one assumption while holding
         semua asumsi lainnya konstan.                                           all other assumptions constant.

                                                       2023                     2022
         Analisis Sensitivitas                                                                                          Sensitivity Analysis
         Nilai Kini Kewajiban Imbalan Pasti           140.267                  128.693           Present Value Defined Benefit Obligations
         Asumsi Tingkat Diskonto                                                                                Discount Rate Assumptions
           - 1,00%                                    149.375                  137.050                                            - 1,00%
           + 1,00%                                    132.060                  121.163                                            + 1,00%
         Asumsi Tingkat Kenaikan Gaji                                                                         Salary Increment Assumptions
           - 1,00%                                    131.787                  120.913                                            - 1,00%
           + 1,00%                                    149.524                  137.186                                            + 1,00%




                                                           146
Page 1000
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                            30. EMPLOYEE BENEFITS LIABILITIES (continued)

    e.   Program imbalan kerja jangka panjang                          e. Other long-term         employment            benefits
         lainnya                                                          program

         Perusahaan     memberikan      penghargaan                       The Company rewards employees with working
         kesetiaan kepada karyawan yang telah memiliki                    period of 20, 25, 30, and 35 years in the form of
         masa kerja 20, 25, 30, dan 35 tahun berupa                       award and gold certificates of 5 grams each.
         piagam penghargaan dan emas masing-
         masing 5 gram.

         Rekonsiliasi saldo awal dan akhir nilai kini                     The reconciliation of the opening and ending
         liabilitas adalah sebagai berikut:                               balances of the present value of liabilities is as
                                                                          follows:

                                                  2023                  2022
         Nilai Kini Liabilitas -                                                                         Present Value Liability -
           Awal Tahun                                    19.811                18.682                       Beginning of Year
         Biaya Bunga                                      1.262                 1.233                                 Interest Cost
         Biaya Jasa Kini                                    921                 1.011                       Current Service Cost
         Pembayaran Imbalan                              (1.023)               (1.022)                        Benefits Payments
         Nilai Kini Liabilitas - Akhir Tahun                                                 Present Value Liability - End of Year
           (Ekspektasi)                                  20.971                19.904                             (Expectation)
         Pengukuran kembali liabilitas                                                               Re-measurement of liability
           (aset) imbalan pasti neto                                                                    (asset) defined return
              - (Keuntungan) dari                                                                  (Gain) from Changes In -
                 Perubahan Asumsi                           274                  (275)                       Assumptions
              - Penyesuaian atas Pengalaman                (746)                  182           Adjustment of Experiences -
         Nilai Kini Liabilitas - Akhir Tahun             20.499                19.811      Present Value Liability - End of Year


         Rincian beban yang diakui dalam laba rugi                        The details of the expenses recognized in profit
         adalah sebagai berikut:                                          or loss are as follows:

                                                  2023                  2022
         Biaya Jasa Kini                                    921                 1.011                        Current Service Cost
         Bunga Neto atas Liabilitas                       1.262                 1.233                      Net Interest of Liability
         Pengukuran kembali liabilitas                                                                Re-measurement of liability
           (aset) imbalan pasti neto                                                                     (asset) defined return
             - (Keuntungan) dari                                                                    (Gain) from Changes In -
                 Perubahan Asumsi                           274                 (275)                         Assumptions
             - Penyesuaian atas Pengalaman                 (746)                 182             Adjustment of Experiences -
         Beban yang Diakui                                1.711                 2.151                    Recognized Expenses


         Mutasi liabilitas yang diakui laporan posisi                     Movements of liabilities recognized in the
         keuangan konsolidasian adalah sebagai                            consolidated statement of financial position are
         berikut:                                                         as follows:

                                                  2023                  2022
         Liabilitas Neto - Awal Tahun                    19.811                18.682            Net Liability - Beginning of Year
         Beban Tahun Berjalan                             1.711                 2.151                      Recognized Expenses
         Pembayaran Iuran Tahun Berjalan                 (1.023)               (1.022)      Contribution of Employer for the Year
         Liabilitas Neto - Akhir Tahun                    20.499                19.811                Net Liability - End of Year




                                                          147
Page 1001
PT JASA MARGA (PERSERO) Tbk                                                                            PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                              For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                         December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                        (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                       unless otherwise stated)

30. LIABILITAS IMBALAN KERJA (lanjutan)                                         30. EMPLOYEE BENEFITS LIABILITIES (continued)

    e.   Program imbalan kerja jangka panjang                                          e.       Other long-term employment                          benefits
         lainnya (lanjutan)                                                                     program (continued)

         Asumsi aktuaria yang digunakan dalam                                                   The actuarial assumptions used in determining
         menentukan beban dan liabilitas imbalan                                                the expenses and liabilities fo post-employment
         pascakerja adalah sebagai berikut:                                                     benefits are as follows:

                                                                   2023                     2022
         Tingkat Diskonto                                          6,75%                 7,00%                                                  Discount Rate
         Estimasi Kenaikan Gaji Pegawai Aktif                      6,50%                 6,50%                                                Salary Increment
         Tingkat Mortalitas                                      100% TMI4             100% TMI4                                                Mortality Rate
         Tingkat Cacat                                          5% dari TMI4          5% dari TMI4                                              Disability Rate
         Tingkat Perputaran Pekerja                                                                                                             Turnover Rate
                                                                                    Tingkat perputaran
                                                                 Usia/ Age
                                                                                  pekerja/ Turnover rate
                                                                  15 – 29                   6%
                                                                  30 – 34                   3%
                                                                  35 – 39                  1,8%
                                                                  40 – 50                  1,2%
                                                                  51 – 52                  0,6%
                                                                   > 52                    0,0%
         Usia Pensiun Normal                                              56 tahun/ years                                                 Normal Retirement Age
         Proporsi Pengambilan Usia Pensiun Normal                              100%                                         Proportion of Normal Retirement Age


         Sensitivitas juga dihitung dengan metode                                               Sensitivities are also calculated with the
         Projected-Unit-Credit sebagaimana diterapkan                                           Projected-Unit-Credit method as applied when
         ketika menghitung nilai kini kewajiban imbalan                                         calculating present value of defined benefit
         pasti. Analisis sensitivitas didasarkan pada                                           obligation. The sensitivity analyses are based
         perubahan satu asumsi dan menganggap                                                   on a change of one assumption while holding
         semua asumsi lainnya konstan.                                                          all other assumptions constant.

                                                                   2023                     2022
         Analisis Sensitivitas                                                                                                        Sensitivity Analysis
         Nilai Kini Kewajiban Imbalan Pasti                       20.499                  19.811                 Present Value Defined Benefit Obligations
         Asumsi Tingkat Diskonto                                                                                                Discount Rate Assumptions
           - 1,00%                                                19.512                  18.540                                                - 1,00%
           + 1,00%                                                21.718                  20.630                                                + 1,00%
         Asumsi Tingkat Kenaikan Gaji                                                                                             Salary Increment Assumptions
           - 1,00%                                                21.805                  20.714                                                     - 1,00%
           + 1,00%                                                19.278                  18.309                                                     + 1,00%



31. LIABILITAS DERIVATIF                                                         31. DERIVATIVE LIABILITIIES

                                                                            2023
               Instrumen/                 Jumlah Nosional/             Aset Derivatif/             Liabilitas Derivatif/                   Instrumen/
               Instrument                 Notional amount             Derivative Assets            Derivative Liabilities                  Instrument
    Lindung Nilai Arus Kas                                                                                                                     Cash Flow Hedges
      Interest Rate Swap                            2.532.881                        23.142                         67.171                  Interest Rate Swap
                                                                                     23.142                         67.171


                                                                            2022
               Instrumen/                 Jumlah Nosional/             Aset Derivatif/             Liabilitas Derivatif/                   Instrumen/
               Instrument                 Notional amount             Derivative Assets            Derivative Liabilities                  Instrument
    Lindung Nilai Arus Kas                                                                                                                     Cash Flow Hedges
      Interest Rate Swap                            2.532.881                               -                       90.748                  Interest Rate Swap
                                                                                            -                       90.748




                                                                          148
Page 1002
PT JASA MARGA (PERSERO) Tbk                                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                            unless otherwise stated)

31. LIABILITAS DERIVATIF (lanjutan)                                                       31. DERIVATIVE LIABILITIIES (continued)

    Transaksi pokok yang mendasari nilai arus kas                                               The principal transaction underlying the cash flow
    adalah sebagai berikut:                                                                     value are as follows:
    1. Fasilitas kredit investasi PT Bank Mandiri                                               1. The investment credit facility of PT Bank
        (Persero) Tbk kepada anak perusahaan PT                                                     Mandiri (Persero) Tbk to its subsidiary
        Jasamarga Gempol Pasuruan (JGP) No. 73                                                      PT Jasamarga Gempol Pasuruan (JGP) No. 73
        WCO. KP/479/KI/2021 dengan limit kredit                                                     WCO. KP/479/KI/2021 with a maximum credit
        setinggi-tingginya Rp2.630.000 dan suku                                                     limit of Rp2,630,000 and the current interest
        bunga berlaku terdiri dari JIBOR 1M + margin                                                rate consists of JIBOR 1M + margin of 1.35%
        1,35% per tahun. Dengan menggunakan                                                         per annum. By using cash flow hedging, the
        lindung nilai arus kas, suku bunga JGP menjadi                                              JGP interest rate will be flat at 6.65%, starting
        datar sebesar 6,65%, dimulai dari tanggal                                                   from November 5, 2021 and ending on
        5 November 2021 dan berakhir tanggal                                                        October 28, 2024;
        28 Oktober 2024;
    2. Fasilitas treasury line PT Bank Mandiri                                                  2.     The treasury line facility of PT Bank Mandiri
        (Persero) Tbk kepada anak perusahaan                                                           (Persero)       Tbk    to    its   subsidiaries
        PT Jasamarga Solo Ngawi (JSN) No. 04 WCO.                                                      PT Jasamarga Solo Ngawi (JSN) No. 04
        KP/0006/TL/2022 dengan limit kredit setinggi-                                                  WCO. KP/0006/TL/2022 with a maximum
        tingginya Rp1.989.404; dan                                                                     credit limit of Rp1,989,404; and
    3. Fasilitas Treasury Line-interest rate swap (IRS)                                         3.     The treasury Line-interest rate swap (IRS)
        PT Bank Mandiri (Persero) Tbk kepada anak                                                      facility of PT Bank Mandiri (Persero) Tbk to a
        perusahaan PT Jasamarga Semarang Batang                                                        subsidiary of PT Jasamarga Semarang Batang
        (JSB) No. 42 WCO. KP/0007/TL/2022 dengan                                                       (JSB) No. 42 WCO. KP/0007/TL/2022 with
        limit kredit setinggi-tingginya Rp2.935.061 dan                                                a maximum credit limit of Rp2,935,061 and
        suku bunga berlaku terdiri dari JIBOR 1M +                                                     applicable interest rates consisting of JIBOR
        margin per tahun. Dengan menggunakan                                                           1M + margin per year. Using cash flow
        lindung nilai arus kas, suku bunga JSB menjadi                                                 hedging, JSB's interest rate will remain at
        tetap sebesar 6,75%, dimulai dari tanggal                                                      6.75%, starting from December 28, 2021 and
        28 Desember 2021 dan berakhir tanggal                                                          ending December 28, 2024.
        28 Desember 2024.

      Perubahan nilai wajar dari aset dan liabilitas                                                 Changes in the fair value of derivative assets and
      derivatif diakui dalam penghasilan/(beban)                                                     liabilities are recognized in other comprehensive
      komprehensif lain.                                                                             income/(expenses).


32. MODAL SAHAM                                                                           32. CAPITAL STOCK

                                                                                  2023
                                                         Total saham
                                                         ditempatkan           Presentase
                                                      dan disetor penuh/     Kepemilikan (%)/                Total
                                                       Number of shares       Percentage of            (Rupiah Penuh)/
                     Pemegang Saham                  issued and fully paid    Ownership (%)             (Full Rupiah)                    Shareholders
    Saham Seri A Dwiwarna                                                                                                                        Series A Dwiwarna - Share
      Pemerintah Republik Indonesia                                      1         0,00                              500     The Government of the Republic of Indonesia
    Saham Seri B                                                                                                                                           Series B - Share
      Pemerintah Republik Indonesia                          5.080.509.839        70,00                 2.540.254.919.500    The Government of the Republic of Indonesia
    Komisaris:                                                                                                                                             Commissioners:
      Raja Erizman                                                139.400          0,00                       69.700.000                                    Raja Erizman
      M. Roskanedi                                                139.300          0,00                       69.650.000                                   M. Roskanedi
    Direksi:                                                                                                                                                      Directors:
      Subakti Syukur (Direktur Utama)                             477.700          0,01                      238.850.000             Subakti Syukur (President Director)
      Fitri Wiyanti (Direktur Operasi)                            316.600          0,00                      158.300.000               Fitri Wiyanti (Operations Director)
      Reza Febriano (Direktur Bisnis)                             289.600          0,00                      144.800.000              Reza Febriano (Business Director)
      Bagus Cahya Arinta B (Direktur Human Capital                                                                             Bagus Cahya Arinta B (Human Capital and
         dan Transformasi)                                        289.200          0,00                      144.600.000                       Transformation Director)
      Mohammad Agus Setiawan (Direktur                                                                                             Mohammad Agus Setiawan (Business
         Pengembangan Usaha)                                      282.000          0,00                      141.000.000                         Development Director)
      Pramitha Wulanjani (Direktur Keuangan                                                                                            Pramitha Wulanjani (Finance and
         dan Manajemen Risiko)                                      50.000         0,00                       25.000.000                    Risk Management Director)
    DJS Ketenagakerjaan - JHT                                  247.524.233        3,41                   123.762.116.500                   DJS Ketenagakerjaan - JHT
    BNYM RE BNYMLB RE Employees ProvidentFD                    175.445.592        2,42                    87.722.796.000    BNYM RE BNYMLB RE Employees ProvidentFD
    PT Taspen (Persero)                                        159.509.900        2,20                    79.754.950.000                         PT Taspen (Persero)
    Masyarakat (Masing-masing dibawah 2%)                    1.592.897.835        21,95                  796.448.917.500                      Public (each below 2%)
    Total                                                    7.257.871.200         100                  3.628.935.600.000                                             Total




                                                                              149
Page 1003
PT JASA MARGA (PERSERO) Tbk                                                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                             unless otherwise stated)

32. MODAL SAHAM (lanjutan)                                                                     32. CAPITAL STOCK (continued)
                                                                                        2022
                                                          Total saham
                                                          ditempatkan             Presentase
                                                       dan disetor penuh/       Kepemilikan (%)/             Total
                                                        Number of shares         Percentage of         (Rupiah Penuh)/
                     Pemegang Saham                   issued and fully paid      Ownership (%)          (Full Rupiah)                     Shareholders
    Saham Seri A Dwiwarna                                                                                                                         Series A Dwiwarna - Share
      Pemerintah Republik Indonesia                                       1             0,00                           500    The Government of the Republic of Indonesia
    Saham Seri B                                                                                                                                            Series B - Share
      Pemerintah Republik Indonesia                           5.080.509.839          70,00              2.540.254.919.500     The Government of the Republic of Indonesia
    Direksi:                                                                                                                                                       Directors
      Subakti Syukur(Direktur Utama)                               154.000              0,00                    77.000.000            Subakti Syukur (President Director)
      Fitri Wiyanti (Direktur Operasi)                              35.500              0,00                    17.750.000              Fitri Wiyanti (Operations Director)
      Bagus Cahya Arinta B (Direktur Human Capital                                                                              Bagus Cahya Arinta B (Human Capital and
         dan Transformasi)                                            9.600             0,00                     4.800.000                      Transformation Director)
      Reza Febriano (Direktur Bisnis)                                 5.400             0,00                     2.700.000             Reza Febriano (Business Director)
    DJS Ketenagakerjaan - JHT                                   247.524.233          3,41                 123.762.116.500                   DJS Ketenagakerjaan - JHT
    BNYM RE BNYMLB RE Employees ProvidentFD                     167.934.792          2,31                  83.967.396.000    BNYM RE BNYMLB RE Employees ProvidentFD
    PT Taspen (Persero)                                         159.509.900          2,20                  79.754.950.000                         PT Taspen (Persero)
    Masyarakat (Masing-masing dibawah 2%)                     1.602.187.935          21,88                801.093.967.500                      Public (each below 2%)
    Total                                                     7.257.871.200           100               3.628.935.600.000                                        Total


    Pemegang Saham Seri A mempunyai hak istimewa                                                    The Shareholder of Series A shares has certain
    tertentu sebagai tambahan atas hak Pemegang                                                     privileges in addition to any rights of Series B
    Saham Seri B. Hak istimewa tersebut mencakup hak                                                Shareholders. These privileges include the
    khusus untuk mencalonkan anggota direksi dan                                                    exclusive rights to nominate directors and
    komisaris dan untuk memberikan persetujuan atas:                                                commissioners and to give approval for: (a) an
    (a) peningkatan modal, (b) perubahan anggaran                                                   increase in capital, (b) changes in the article of
    dasar,   (c)   penggabungan,    peleburan,     dan                                              association, (c) merger, consolidation and
    pengambilalihan, (d) pembubaran dan likuidasi, dan                                              acquisition, (d) dissolution and liquidation, and
    (e) pengangkatan dan pemberhentian anggota direksi                                              (e) appointment and dismissal of directors and
    dan komisaris.                                                                                  commissioners.


33. TAMBAHAN MODAL DISETOR-NETO                                                                33. ADDITIONAL PAID IN CAPITAL-NET

                                                                      2023                           2022
    Tambahan Modal Disetor dari:                                                                                                    Additional Paid in Capital from:
      Penawaran Umum Perdana                                                                                                                Inital Public Offering
        Saham Tahun 2007                                                  2.343.266                    2.343.266                                     Year 2007
      Pembelian Saham                                                                                                                              Repurchase of
        Kembali (Treasury Shares)                                              (7.741)                       (7.741)                           Treasury Shares
      Hasil Neto                                                                                                                               Net Proceeds from
        Penjualan Treasury Shares                                             118.365                       118.365                  Sales of Treasury Shares
      Hasil Neto Penambahan Modal                                                                                                              Net Proceeds from
        Hak Memesan Efek Terlebih Dahulu                                  1.543.195                    1.543.195                                    Right Issue
    Total                                                                 3.997.085                    3.997.085                                                    Total




34. DIVIDEN DAN LABA                           YANG    DITENTUKAN                              34. DIVIDENDS AND APPROPRIATE OF RETAINED
    PENGGUNAANNYA                                                                                  EARNINGS

    Berdasarkan keputusan RUPS masing-masing                                                       Based on the resolutions of the General Meeting of
    pada tanggal 10 Mei 2023 dan 27 April 2022,                                                    Shareholders on May 10, 2023 and April 27, 2022
    pemegang saham memutuskan dana Cadangan                                                        the shareholders decided on a General Reserve
    Umum sebesar Rp2.197.507 dan Rp1.615.281.                                                      fund of Rp2,197,507 and Rp1,615,281, respectively.
    Pemegang saham juga menyetujui untuk                                                           Shareholders also agreed to distribute dividends
    melakukan pembagian dividen dari laba tahun 2022                                               from 2022 earnings and not to distribute dividends
    dan tidak melakukan pembagian dividen dari laba                                                from 2021 earnings using the following:
    tahun 2021 dengan penggunaan sebagai berikut:




                                                                                 150
Page 1004
PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                           unless otherwise stated)

34. DIVIDEN DAN LABA YANG                      DITENTUKAN                     34. DIVIDENDS AND APPROPRIATE OF RETAINED
    PENGGUNAANNYA (lanjutan)                                                      EARNINGS (continued)

                                                 Laba tahun 2022/              Laba tahun 2021/
                                                  Income for the                Income for the
                                                     year 2022                     year 2021
    Dividen                                                549.377                             -                                      Dividend
    Belum ditentukan penggunaannya                       2.197.507                     1.615.281                          Unpropriated reserves
    Total                                                2.746.884                     1.615.281                                          Total



35. KEPENTINGAN NON-PENGENDALI                                                35. NON-CONTROLLING INTERESTS

    Akun ini merupakan hak pemegang saham non-                                    This account represents non-controlling interests in
    pengendali atas aset bersih dan bagian rugi bersih                            net assets and portion of net loss of the consolidated
    entitas anak yang dikonsolidasikan.                                           subsidiaries.

    a.   Ekuitas neto yang dapat diatribusikan kepada                             c.   Net equity attributable to non-controlling
         kepentingan non-pengendali adalah sebagai                                     interests is shown below:
         berikut:
                                                         2023                          2022
         PT Jasamarga Transjawa Tol                             7.593.796                      396.638                PT Jasamarga Transjawa Tol
         PT Jasamarga Balikpapan Samarinda                        647.383                      830.628        PT Jasamarga Balikpapan Samarinda
         PT Jasamarga Kualanamu Tol                               542.157                      436.234               PT Jasamarga Kualanamu Tol
         PT Marga Sarana Jabar                                    439.342                      405.145                     PT Marga Sarana Jabar
         PT Cinere Serpong Jaya                                   408.490                      422.590                    PT Cinere Serpong Jaya
         PT Jasamarga Manado Bitung                               326.353                      380.871               PT Jasamarga Manado Bitung
         PT Jasamarga Kunciran Cengkareng                         300.750                      281.741         PT Jasamarga Kunciran Cengkareng
         PT Marga Trans Nusantara                                 272.809                      280.588                  PT Marga Trans Nusantara
         PT Jasamarga Japek Selatan                               226.249                      169.859                PT Jasamarga Japek Selatan
         PT Jasamarga Jogja Bawen                                 106.912                       55.865                 PT Jasamarga Jogja Bawen
         PT Jasamarga Bali Tol                                     75.248                      101.344                      PT Jasamarga Bali Tol
         PT Jasamarga Probolinggo Banyuwangi                       29.119                       12.231      PT Jasamarga Probolinggo Banyuwangi
         PT Jasamarga Akses Patimban                               28.032                            -              PT Jasamarga Akses Patimban
         PT Jalantol Lingkarluar Jakarta                           15.121                       13.716              PT Jalantol Lingkarluar Jakarta
         PT Jasa Marga Related Business                             7.205                        7.627            PT Jasa Marga Related Business
         PT Jasamarga Tollroad Maintenance                            709                          599         PT Jasamarga Tollroad Maintenance
         PT Jasamarga Tollroad Operator                                94                          110             PT Jasamarga Tollroad Operator
         Total                                              11.019.769                        3.795.786                                      Total


    b. Penghasilan komprehensif tahun berjalan yang                               b. Comprehensive income for the year attributable
       dapat diatribusikan kepada kepentingan                                         to non-controlling interests:
       non-pengendali:
                                                         2023                          2022
         PT Jasamarga Transjawa Tol                               229.797                        34.205               PT Jasamarga Transjawa Tol
         PT Jasamarga Kualanamu Tol                               127.697                        61.241              PT Jasamarga Kualanamu Tol
         PT Marga Sarana Jabar                                     17.705                       (7.596)                    PT Marga Sarana Jabar
         PT Jasamarga Tollroad Maintenance                             754                          488       PT Jasa Marga Tollroad Maintenance
         PT Jasamarga Japek Selatan                                    487                          680               PT Jasamarga Japek Selatan
         PT Jasamarga Probolinggo Banyuwangi                           146                        (314)     PT Jasamarga Probolinggo Banyuwangi
         PT Jasamarga Tollroad Operator                                 29                           (1)          PT Jasa Marga Tollroad Operator
         PT Jasamarga Surabaya Mojokerto                                  -                      19.464         PT Jasamarga Surabaya Mojokerto
         PT Jasamarga Gempol Pasuruan                                     -                         (87)          PT Jasamarga Gempol Pasuruan
         PT Jasamarga Jalanlayang Cikampek                                -                   (103.236)       PT Jasamarga Jalanlayang Cikampek
         PT Jalantol Lingkarluar Jakarta                                (3)                          (9)            PT Jalantol Lingkarluar Jakarta
         PT Jasa Marga Related Business                            (1.013)                      (1.191)           PT Jasa Marga Related Business
         PT Jasamarga Jogja Bawen                                  (1.489)                      (3.340)                PT Jasamarga Jogja Bawen
         PT Jasamarga Akses Patimban                               (3.202)                             -            PT Jasamarga Akses Patimban
         PT Jasamarga Kunciran Cengkareng                          (9.232)                     (10.076)        PT Jasamarga Kunciran Cengkareng
         PT Marga Trans Nusantara                                (18.718)                      (36.868)                 PT Marga Trans Nusantara
         PT Jasamarga Bali Tol                                   (26.243)                      (36.710)                     PT Jasamarga Bali Tol
         PT Cinere Serpong Jaya                                  (66.994)                      (57.921)                   PT Cinere Serpong Jaya
         PT Jasamarga Manado Bitung                             (125.642)                      (94.205)              PT Jasamarga Manado Bitung
         PT Jasamarga Balikpapan Samarinda                      (157.323)                     (186.230)
                                                                                                      -       PT Jasamarga Balikpapan Samarinda
         Total                                                   (33.244)                     (421.706)                                      Total




                                                                 151
Page 1005
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

35. KEPENTINGAN NON-PENGENDALI (lanjutan)                         35. NON-CONTROLLING INTERESTS (continued)

    Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the Company’s
    manajemen Perusahaan berpendapat bahwa tidak                     management believes that there are no Subsidiaries
    terdapat Entitas Anak yang memiliki kepentingan                  with non-controlling interests that are individually
    non-pengendali yang material secara individu                     material to the Company’s consolidated financial
    terhadap    laporan   keuangan     konsolidasian                 statements.
    Perusahaan.


36. PENDAPATAN TOL DAN LAINNYA                                    36. TOLL AND OTHER OPERATING REVENUES

    Rincian pendapatan tol adalah sebagai berikut:                   The details of toll revenues are as follows:

                                                2023                   2022
    Perusahaan                                                                                                    The Company
    Cikampek - Padalarang                             1.202.685           1.148.388                     Cikampek - Padalarang
    Jakarta - Bogor - Ciawi                           1.142.588           1.029.529                      Jakarta - Bogor - Ciawi
    JORR Seksi non S                                  1.139.550           1.062.439                           JORR Seksi non S
    Jakarta - Tangerang                                 997.036             955.984                        Jakarta - Tangerang
    Cawang - Tomang - Pluit                             971.096             923.278                    Cawang - Tomang - Pluit
    Prof. Dr. Ir. Sedyatmo                              664.599             588.041                       Prof. Dr. Ir. Sedyatmo
    Padalarang - Cileunyi                               463.176             430.584                       Padalarang - Cileunyi
    Pondok Aren - Bintaro Viaduct - Ulujami             176.039             164.127      Pondok Aren - Bintaro Viaduct - Ulujami
    Belawan - Medan - Tanjung Morawa                    172.532             165.827         Belawan - Medan - Tanjung Morawa
    Jakarta - Cikampek                                        -             674.179                          Jakarta - Cikampek
    Surabaya - Gempol                                         -             389.308                          Surabaya - Gempol
    Palimanan - Kanci                                         -             136.421                           Palimanan - Kanci
    Semarang Seksi A,B,C                                      -             110.944                      Semarang Seksi A,B,C
    Subtotal                                          6.929.301           7.779.049                                       Subtotal

    Entitas Anak                                                                                                   Subsidiaries
    Jasamarga Transjawa Tol (JTT)                                                                Jasamarga Transjawa Tol (JTT)
      Jakarta - Cikampek                              1.360.970             685.158                       Jakarta - Cikampek
      Surabaya - Gempol                                 851.150             413.666                       Surabaya - Gempol
      Palimanan - Kanci                                 268.879             128.893                        Palimanan - Kanci
      Semarang Seksi A,B,C                              234.557             114.276                    Semarang Seksi A,B,C
    Surabaya - Mojokerto (JSM)                          579.874             549.029                  Surabaya - Mojokerto (JSM)
    Medan - Kualanamu (JMKT)                            523.283             497.802                  Medan - Kualanamu (JMKT)
    Semarang - Batang (JSB)                             485.914                   -                     Semarang - Batang (JSB)
    Kunciran - Cengkareng (JKC)                         435.302             354.423                Kunciran - Cengkareng (JKC)
    Ngawi - Kertosono (JNK)                             419.483                   -                      Ngawi - Kertosono (JNK)
    Balikpapan - Samarinda (JBS)                        363.817             264.314                Balikpapan - Samarinda (JBS)
    Gempol - Pasuruan (JGP)                             357.872             314.485                    Gempol - Pasuruan (JGP)
    Bogor Outer Ring Road (MSJ)                         287.774             251.278                Bogor Outer Ring Road (MSJ)
    Kunciran - Serpong (MTN)                            287.206             215.682                    Kunciran - Serpong (MTN)
    Solo - Ngawi (JSN)                                  286.048                   -                           Solo - Ngawi (JSN)
    Nusa Dua - Benoa (JBT)                              145.784              91.329                      Nusa Dua - Benoa (JBT)
    Cinere - Serpong (CSJ)                               76.776              61.384                      Cinere - Serpong (CSJ)
    Manado - Bitung (JMB)                                54.038              51.226                       Manado - Bitung (JMB)
    Jalanlayang Cikampek (JJC)                                -             671.956                 Jalanlayang Cikampek (JJC)
    Subtotal                                          7.018.728           4.664.901                                     Subtotal
    Total                                            13.948.029          12.443.950                                         Total


    Kontribusi pendapatan tol Entitas Anak terhadap                  The contribution of the Subsidiary's toll revenue to
    total Pendapatan Tol Kelompok Usaha untuk tahun                  total Toll Revenue of the Group for 2023 and 2022
    2023 dan 2022 adalah masing-masing 50,32% dan                    is 50.32% and 37.49%, respectively.
    37,49%.




                                                            152
Page 1006
PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                           unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                                 36. TOLL AND OTHER OPERATING REVENUES
                                                                              (continued)

    Pada tanggal 1 Juli 2022 Perusahaan melakukan                                On July 1, 2022 the Company spin off the Regional
    pemisahan (spin off) Regional Transjawa Tollroad,                            Transjawa       Tollroad,   to    its    Subsidiary,
    kepada Entitas Anak, PT Jasamarga Transjawa Tol                              PT Jasamarga Transjawa Tollroad (JTT) by
    (JTT) dengan mengalihkan empat segmen ruas hak                               transferring four segments of toll road concession
    pengusahaan jalan tol (Hak Konsesi) yang meliputi                            rights     (Concession    Rights)     covering   the
    ruas Jakarta – Cikampek, Palimanan - Kanci,                                  Jakarta - Cikampek section, Palimanan - Kanci
    Semarang Seksi A, B, C dan Surabaya - Gempol.                                sections, Semarang Sections A, B, C and
    Sehubingan dengan transaksi tersebut, maka                                   Surabaya - Gempol. In connection with this
    pencatatatan pendapatan tol pada empat ruas hak                              transaction, the recording of toll revenues on the
    pengusahaan jalan tol (Jakarta - Cikampek,                                   four toll road concession rights sections (Jakarta -
    Surabaya - Gempol, Palimanan - Kanci, dan                                    Cikampek, Surabaya - Gempol, Palimanan - Kanci,
    Semarang Seksi A, B, C) dialihkan ke JTT.                                    and Semarang Sections A, B, C) was transferred to
                                                                                 JTT.

    Pada tanggal 1 Juli 2022, Perusahaan telah                                   On July 1, 2022, the Company has transferred 40%
    mengalihkan saham di PT Jasamarga Jalanlayang                                of its shares in PT Jasamarga Jalanlayang
    Cikampek (JJC) sebesar 40% kepada JTT dan                                    Cikampek (JJC) to JTT and based on the Deed of
    berdasarkan Akta Jual Beli tanggal 10 Oktober 2022                           Sale and Purchase dated October 10, 2022 No. 01
    No. 01 oleh Notaris Titik Krisna Murti Wikaningsih                           by Notary Titik Krisna Murti Wikaningsih Hastuti,
    Hastuti, S.H., M.Kn., Perusahaan telah mengalihkan                           S.H., M.Kn., the Company has transferred its entire
    keseluruhan kepemilikan saham di JJC sebesar                                 40% share ownership in JJC to PT Margautama
    40% kepada PT Margautama Nusantara, sehingga                                 Nusantara, so that the Company only has indirect
    Perusahaan hanya memiliki kepemilikan tidak                                  ownership through JTT of 40% and no longer
    langsung melalui JTT sebesar 40% dan tidak lagi                              consolidates toll revenues JJC into the Company's
    mengkonsolidasikan pendapatan tol JJC ke dalam                               consolidated financial statements.
    laporan keuangan konsolidasian Perusahaan.

    Beberapa entitas anak menjaminkan pendapatan tol                             Several subsidiaries pledge toll revenues and other
    dan pendapatan usaha lainnya sepanjang konsesi                               operating income within the concession period for
    untuk kredit (Catatan 23).                                                   credit (Note 23).

    Rincian pendapatan usaha lainnya adalah sebagai                              The details of other operating revenues are as
    berikut:                                                                     follows:
                                                        2023                       2022
    Jasa Pengoperasian Jalan Tol                             533.225                    458.790                 Toll Road Operating Services
    Pendapatan Pemeliharaan Jalan Tol                        497.386                    395.073                       Toll Road Maintenance
    Pendapatan BBM SPBU                                      302.067                    181.420                              Petroleum Sales
    Sewa Lahan                                               180.723                    173.038                                    Land Rent
    Sewa Properti                                             52.848                     52.425                                 Property Rent
    Penjualan Properti                                         8.584                     62.219                                Property Sales
    Lainnya (Di bawah 2.000)                                  43.120                     15.643                       Others (Below Rp2,000)
    Total                                                  1.617.953                  1.338.608                                         Total

    Berdasarkan      keputusan    Menteri    PUPR                                Based on the decree of Minister of PUPR No.
    No. 1524/KPTS/M/2020 tanggal 22 Oktober 2020,                                1524/KPTS/M/2020 dated October 22, 2020,
    tentang penyesuaian tarif tol ruas Jakarta -                                 concerning toll tariff adjustment of Jakarta -
    Cikampek. Tarif tol terjauh untuk ruas tersebut                              Cikampek. The farthest toll tariffs for that segment
    adalah sebagai berikut:                                                      are as follows:
                                                                                                   Golongan/Group
      No                        Ruas/ Section
                                                                             I              II           III           IV            V
           Jakarta - Cikampek Segmen I (Pondok Gede Barat/Pondok
       1                                                                  4.000           6.000        6.000         8.000         8.000
           Gede Timur)
           Jakarta - Cikampek Segmen II (Cikunir, Bekasi Barat,
       2                                                                  7.000           10.500       10.500       14.000        14.000
           Bekasi Timur, Tambun, Cibitung, Cikarang Barat)
           Jakarta - Cikampek Segmen III (Cibatu, Cikarang Timur,
       3                                                                  12.000          18.000       18.000       24.000        24.000
           Karawang barat)
           Jakarta - Cikampek Segmen IV (Karawang Timur, Dawuan,
       4                                                                  20.000          30.000       30.000       40.000        40.000
           Kalihurip, Cikampek)



                                                                    153
Page 1007
PT JASA MARGA (PERSERO) Tbk                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                          36. TOLL AND OTHER OPERATING REVENUES
                                                                       (continued)

    Berdasarkan       keputusan         Menteri   PUPR                     Based on the decree of Minister of PUPR
    No. 855/KPTS/M/2023 tanggal 31 Juli 2023, tarif tol                    No. 855/KPTS/M/2023, dated July 31, 2023, the
    terjauh ruas jalan tol Prof. Dr. Ir. Sedyatmo adalah                   farthest toll tariffs of Prof. Dr. lr. Sedyatmo toll road
    sebagai berikut:                                                       segment are as follows:

                                                                                           Golongan/Group
      No                             Ruas/ Section
                                                                      I             II            III       IV               V
          1    Prof DR IR Sedyatmo                                 8.500         11.000        11.000     12.000          12.000

    Berdasarkan       keputusan      Menteri     PUPR                      Based on the decree of Minister of PUPR
    No. 74/KPTS/M/2022 tanggal 31 Januari 2022                             No. 74/KPTS/M/2022 dated January 31, 2022
    tentang penetapan tarif dan sistem pengumpulan tol                     concerning the establishment of tariffs and
    secara integrasi pada jalan tol Cawang – Tomang -                      integrated toll collection systems on Cawang –
    Pluit (Lingkar Dalam Kota Jakarta). Berikut tarif tol                  Tomang - Pluit (The Inner-City Ring Jakarta) toll
    terjauh:                                                               road. Following the farthest toll rates:

                                                                                           Golongan/Group
      No                             Ruas/ Section
                                                                     I              II            III       IV               V
          1    Cawang - Tomang - Pluit                            10.500         15.500        15.500     17.500          17.500

    Berdasarkan         keputusan    Menteri    PUPR                       Based on the decree of Minister of PUPR
    No. 1137/KPTS/M/2023 tanggal 5 September 2023                          No. 1137/KPTS/M/2023 dated September 5, 2023,
    tentang penyesuaian tarif tol ruas Surabaya -                          concerning toll tariff adjustment of Surabaya -
    Gempol dan Kejapanan - Gempol, tarif tol terjauh                       Gempol and Kejapanan - Gempol segment, the
    untuk ruas tersebut adalah sebagai berikut:                            farthest toll tariffs for that segment are as follows:

                                                                                           Golongan/Group
      No                             Ruas/ Section
                                                                      I              II           III        IV              V
          1    Porong - Kejapanan                                  6.000          9.000         9.000     12.000          12.000
          2    Kejapanan - Gempol                                  3.500          5.000         5.000      7.000           7.000

    Berdasarkan      keputusan        Menteri    PUPR                      Based on the decree of Minister of PUPR
    No. 1087/KPTS/M/2023 tanggal 28 Agustus 2023,                          No. 1087/KPTS/M/2023 dated August 28, 2023,
    tentang penyesuaian tarif tol ruas Belawan – Medan                     concerning toll tariff adjustment of Belawan –
    - Tanjung Morawa, tarif tol terjauh untuk ruas                         Medan - Tanjung Morawa segment, the farthest toll
    tersebut adalah sebagai berikut:                                       tariffs for that segment are as follows:

                                                                                          Golongan/Group
     No                                  Ruas/ Section
                                                                     I             II            III       IV               V
      1       Belmera                                             9.000         16.000        16.000     23.000          23.000

    Berdasarkan      keputusan       Menteri     PUPR                      Based on the decree of Minister of PUPR
    No. 755/KPTS/M/2023 tanggal 12 Juli 2023,                              No. 755/KPTS/M/2023 dated July 12, 2023, toll
    penyesuaian tarif tol ruas Palikanci adalah sebagai                    tariffs adjustment of Palikanci segment are as
    berikut:                                                               follows:

                                                                                          Golongan/Group
     No                             Ruas/ Section
                                                                     I             II           III           IV           V
      1       Palikanci                                           13.500        19.500        19.500        32.000       32.000




                                                            154
Page 1008
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                            36. TOLL AND OTHER OPERATING REVENUES
                                                                         (continued)

    Berdasarkan        keputusan       Menteri   PUPR                        Based on the decree of Minister of PUPR
    No. 33/KPTS/M/2023 tanggal 16 Januari 2023,                              No. 33/KPTS/M/2023 dated January 16, 2023,
    tentang penyesuaian tarif tol ruas Semarang seksi A,                     concerning toll tariff adjustment of Semarang A,B,C
    B, C, tarif tol terjauh untuk ruas tersebut adalah                       segment section, the farthest toll tariffs for that
    sebagai berikut:                                                         segment are as follows:

                                                                                           Golongan/Group
     No                         Ruas/ Section
                                                                       I            II            III       IV              V
      1   Semarang Seksi A, B, C                                    5.500         8.500         8.500     11.000         11.000

    Berdasarkan       keputusan       Menteri     PUPR                       Based on the decree of Minister of PUPR
    No. 533/KPTS/M/2023 tanggal 17 Mei 2023, tentang                         No. 533/KPTS/M/2023 dated May 17, 2023,
    penyesuaian tarif tol ruas Padalarang – Cileunyi, tarif                  concerning toll tariff adjustment of Padalarang -
    terjauh untuk ruas tersebut adalah sebagai berikut:                      Cileunyi segment, the farthest toll tariffs for that
                                                                             segment are as follows:

                                                                                           Golongan/Group
     No                             Ruas/ Section
                                                                       I             II           III       IV              V
      1   Padaleunyi                                                10.500        18.500       18.500     25.000         25.000

    Berdasarkan       keputusan     Menteri    PUPR                          Based on the decree of Minister of PUPR
    No. 496/KPTS/M/2023 tanggal 2 Mei 2023, tentang                          No. 496/KPTS/M/2023 dated May 2, 2023
    penyesuaian tarif tol ruas Cikampek – Purwakarta -                       concerning toll tariff adjustment of Cikampek -
    Padalarang, tarif tol terjauh untuk ruas tersebut                        Purwakarta - Padalarang segment, the farthest toll
    adalah sebagai berikut:                                                  tariffs for that segment are as follows:

                                                                                           Golongan/Group
     No                             Ruas/ Section
                                                                       I             II           III        IV            V
      1   Cipularang                                                45.000        76.000       76.000     110.000       110.000

    Berdasarkan       keputusan       Menteri     PUPR                       Based on the decree of Minister of PUPR
    No. 1604/KPTS/M/2023 tanggal 16 November 2023                            No. 1604/KPTS/M/2023 dated November 16, 2023
    tentang kenaikan tarif dan sistem pengumpulan tol                        regarding tariff increases and the system is called
    secara Integrasi pada jalan tol lingkar luar Jakarta                     in an integrated manner on the Jakarta outer ring
    seksi W1-W2 utara-W2 selatan-S-E1-E2-E3-jalan                            toll road section W1-W2 utara-W2 selatan-S-E1-
    akses Tanjung Priok seksi E-1, E-2, E-2A, NS dan                         E2-E3-Tanjung Priok access road section E-1, E-2,
    jalan tol Pondok Aren–Ulujami.                                           E-2A, NS and the Pondok Aren - Ulujami toll road.

                                                                                           Golongan/Group
     No                         Ruas/ Section
                                                                        I             II          III        IV             V
      1   JORR E1, E2, E3 dan W2S                                   17.000        25.000       25.000     33.500         33.500
      2   Pondok Aren - Bintaro Viaduct - Ulujami                    3.500         5.000        5.000      6.500          6.500

    Berdasarkan      keputusan     Menteri    PUPR                           Based on the decree of Minister of PUPR
    No. 1527/KPTS/M/2021 tanggal 10 Desember 2021,                           No. 1527/KPTS/M/2021 dated December 10, 2021,
    tentang penyesuaian tarif tol ruas Jakarta -                             concerning toll tariff adjustment of Jakarta -
    Tangerang, tarif tol terjauh untuk ruas tersebut                         Tangerang segment, the farthest toll tariffs for that
    adalah sebagai berikut:                                                  segment are as follows:

                                                                                           Golongan/Group
     No                         Ruas/ Section
                                                                       I             II           III       IV              V
      1   Jakarta - Tangerang                                       8.000         12.000       12.000     15.500         15.500




                                                              155
Page 1009
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                          36. TOLL AND OTHER OPERATING REVENUES
                                                                       (continued)

    Berdasarkan       keputusan      Menteri    PUPR                       Based on the decree of Minister of PUPR
    No. 854KPTS/M/2023 tanggal 31 Juli 2023, tentang                       No. 854/KPTS/M/2023 dated July 31, 2023,
    penyesuaian tarif tol ruas Jakarta – Bogor - Ciawi                     concerning toll tariff adjustment of Jakarta - Bogor
    (Jagorawi), tarif tol terjauh untuk ruas tersebut                      - Ciawi (Jagorawi) segment, the farthest toll tariffs
    adalah sebagai berikut:                                                for that segment are as follows:

                                                                                             Golongan/Group
      No                          Ruas/ Section
                                                                      I                II           III       IV               V
       1   Jakarta - Bogor - Ciawi                                 7.500            12.000       12.000     17.000          17.000

    Berdasarkan       keputusan    Menteri    PUPR                      Based on the decree of Minister of PUPR
    No. 310/KPTS/M/2023 tanggal 24 Februari 2023,                       No. 310/KPTS/M/2023 dated February 24, 2023, the
    tarif tol terjauh ruas Sentul Selatan - Simpang                     farthest toll tariffs of Sentul Selatan - Simpang
    Semplak, yang dioperasikan oleh PT Marga Sarana                     Semplak segment, which operated by PT Marga
    Jabar adalah sebagai berikut:                                       Sarana Jabar are as follows:

                                                                                             Golongan/Group
      No                          Ruas/ Section
                                                                      I                II           III          IV           V
       1   Sentul Selatan - Simpang Semplak                        15.000           22.500       22.500        30.000       30.000
       2   Cibadak - Kayumanis                                     5.500            8.000         8.000        11.000       11.000

    Berdasarkan      keputusan      Menteri     PUPR                    Based on the decree of Minister of PUPR
    No. 236/KPTS/M/2022 tanggal 4 Maret 2022 untuk                      No. 236/KPTS/M/2022 dated March 4, 2022 for the
    ruas Surabaya - Mojokerto yang dikelola                             Surabaya - Mojokerto section managed by
    PT Jasamarga Surabaya Mojokerto, tarif terjauh                      PT Jasamarga Surabaya Mojokerto, the farthest
    untuk ruas tersebut adalah sebagai berikut:                         rates for these sections are as follows:

                                                                                             Golongan/Group
     No                          Ruas/ Section
                                                                   I                   II          III          IV           V
      1    SS Waru Sepanjang (terbuka)                          2.500                4.500       4.500        6.500        6.500
      2    SS Waru - WRR Warugunung (Terbuka)                   7.500               12.500       12.500       19.000       19.000
      3    PWRR - Mojokerto (Tertutup)                          31.500              52.000       52.000       78.500       78.500

    Berdasarkan      keputusan       Menteri  PUPR                      Based on the decree of Minister of PUPR
    No. 75/KPTS/M/2022 tanggal 31 Januari 2022 untuk                    No. 75/KPTS/M/2022 dated January 31, 2022 for
    ruas Nusa Dua - Ngurah Rai - Benoa yang dikelola                    the Nusa Dua - Ngurah Rai - Benoa section
    PT Jasamarga Bali Tol, tarif terjauh untuk ruas                     managed by PT Jasamarga Bali Tol, the farthest
    tersebut adalah sebagai berikut:                                    rates for these sections are as follows:

                                                                                          Golongan/Group
      No                       Ruas/ Section
                                                             I                II            III       IV           V           VI
      1    Bali Mandara (Nusa Dua - Ngurah Rai - Benoa)   13.000           19.500        19.500     25.500      25.500       5.000


    Berdasarkan       keputusan    Menteri  PUPR                        Based on the Decree of Minister of PUPR
    No. 1519/KPTS/M/2023 tanggal 25 Oktober 2023,                       No. 1519/KPTS/M/2021 dated October 25, 2023,
    tarif tol terjauh ruas Tanjung Morawa - Tebing                      the farthest toll tariffs of Tanjung Morawa - Tebing
    Tinggi, yang dioperasikan oleh PT Jasamarga                         Tinggi segment, which operated by PT Jasamarga
    Kualanamu Tol adalah sebagai berikut:                               Kualanamu Tol are as follows:

                                                                                             Golongan/Group
      No                          Ruas/ Section
                                                                      I                II          III        IV               V
       1   Tanjung Morawa - Tebing Tinggi                          60.000           89.500       89.500     119.500         119.500




                                                          156
Page 1010
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                        36. TOLL AND OTHER OPERATING REVENUES
                                                                     (continued)

    Berdasarkan       keputusan   Menteri    PUPR                    Based on the decree of Minister of PUPR
    No. 967/KPTS/M/2023 tanggal 15 Agustus 2023,                     No. 967/KPTS/M/2023 dated August 15, 2023, the
    tarif tol terjauh ruas Gempol - Pasuruan, yang                   farthest toll tariffs of Gempol - Pasuruan segment,
    dioperasikan oleh PT Jasamarga Gempol Pasuruan                   which operated by PT Jasamarga Gempol
    adalah sebagai berikut:                                          Pasuruan are as follows:

                                                                                     Golongan/Group
     No                         Ruas/ Section
                                                                   I          II           III          IV           V
      1    Gempol - Pasuruan                                    46.500     70.000        70.000       93.000       93.000

    Berdasarkan      keputusan      Menteri    PUPR                  Based on the decree of Minister of PUPR
    No. 325/KPTS/M/2023 tanggal 3 Maret 2023, tarif tol              No. 325/KPTS/M/2023 dated March 3, 2023, the
    terjauh ruas Kunciran - Serpong yang dioperasikan                farthest toll tariffs of Kunciran - Serpong segment,
    oleh PT Marga Trans Nusantara adalah sebagai                     which operated by PT Marga Trans Nusantara are
    berikut:                                                         as follows:

                                                                                     Golongan/Group
      No                        Ruas/ Section
                                                                   I           II          III           IV           V
       1   Kunciran - Serpong                                   21.000      31.500       31.500        41.500       41.500

    Berdasarkan     keputusan     Menteri   PUPR                     Based on the decree of Minister of PUPR
    No. 398/KPTS/M/2023 tanggal 27 Maret 2023, tarif                 No. 398/KPTS/M/2023 dated March 27, 2023, the
    tol terjauh ruas Balikpapan - Samarinda yang                     farthest toll tariffs of Balikpapan - Samarinda
    dioperasikan oleh PT Jasamarga Balikpapan                        segment, which operated by PT Jasamarga
    Samarinda adalah sebagai berikut:                                Balikpapan Samarinda are as follows:

                                                                                     Golongan/Group
      No                        Ruas/ Section
                                                                    I         II            III        IV             V
       1   Balikpapan - Samarinda                               146.500    219.500       219.500    293.000        293.000

    Berdasarkan      keputusan   Menteri   PUPR                      Based on the decree of Minister of PUPR
    No. 168/KPTS/M/2022 tanggal 25 Februari 2022,                    No. 168/KPTS/M/2022 dated February 25, 2022,
    tarif tol terjauh ruas Manado - Bitung yang                      the farthest toll tariffs of Manado - Bitung segment,
    dioperasikan oleh PT Jasamarga Manado Bitung                     which operated by PT Jasamarga Manado Bitung
    adalah sebagai berikut:                                          are as follows:

                                Ruas/ Section                                        Golongan/Group
      No
                                                                   I           II           III       IV               V
       1   Manado - Bitung                                      44.000      66.000       66.000     88.000          88.000

    Berdasarkan      keputusan    Menteri     PUPR                   Based on the decree of Minister of PUPR
    No. 592/KPTS/M/2021 tanggal 18 Mei 2021, tarif tol               No. 592/KPTS/M/2021 dated May 18, 2021, the
    terjauh ruas Junction Serpong - Pamulang yang                    farthest toll tariffs of Junction Serpong - Pamulang
    dioperasikan oleh PT Cinere Serpong Jaya adalah                  segment, which operated by PT Cinere Serpong
    sebagai berikut:                                                 Jaya are as follows:

                                                                                     Golongan/Group
      No                        Ruas/ Section
                                                                   I           II           III       IV               V
       1   Junction Serpong - Pamulang                          11.000      16.500       16.500     22.000          22.000




                                                          157
Page 1011
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                      unless otherwise stated)

36. PENDAPATAN TOL DAN LAINNYA (lanjutan)                             36. TOLL AND OTHER OPERATING REVENUES
                                                                          (continued)

    Berdasarkan         keputusan     Menteri     PUPR                    Based on the decree of Minister of PUPR
    No. 1982/KPTS/M/2023 tanggal 29 Desember 2023,                        No. 1982/KPTS/M/2023 dated December 29, 2023,
    tarif tol terjauh ruas Jc. Benda – Jc. Kunciran yang                  the farthest toll tariffs of Jc. Benda – Jc. Kunciran
    dioperasikan oleh PT Jasamarga Kunciran                               operated by PT Jasamarga Kunciran Cengkareng
    Cengkareng adalah sebagai berikut:                                    are as follows:

                                                                                                Golongan/Group
       No                           Ruas/ Section
                                                                         I               II            III       IV              V
           1    JB Benda - JC Kunciran                                27.000          41.000        41.000     54.500         54.500

    Berdasarkan      keputusan     Menteri     PUPR                       Based on the decree of Minister of PUPR
    No. 873/KPTS/M/2023 tanggal 31 Juli 2023, tarif tol                   No. 873/KPTS/M/2023 dated July 31, 2023, the
    terjauh ruas Ngawi - Kertosono yang dioperasikan                      farthest toll tariffs of Ngawi – Kertosono operated by
    oleh PT Jasamarga Ngawi Kertosono Kediri adalah                       PT Jasamarga Ngawi Kertosono are as follows:
    sebagai berikut:


                                                                                               Golongan/Group
      No                           Ruas/ Section
                                                                        I           II                III        IV            V
       1       Ngawi - Kertosono                                     98.000      147.000           147.000    196.000       196.000

    Berdasarkan         keputusan     Menteri   PUPR                      Based on the decree of Minister of PUPR
    No. 1155/KPTS/M/2023 tanggal 15 September                             No. 1155/KPTS/M/2023 dated September 15, 2023,
    2023, tarif tol terjauh ruas Batang-Semarang yang                     the farthest toll tariffs of Batang – Semarang
    dioperasikan oleh PT Jasamarga Semarang -                             operated by PT Jasamarga Semarang Batang are
    Batang adalah sebagai berikut:                                        as follows:


                                                                                               Golongan/Group
      No                           Ruas/ Section
                                                                         I          II                III        IV            V
       1       Batang - Semarang                                     111.500     167.500           167.500    223.000       223.000



37. PENDAPATAN DAN BEBAN KONSTRUKSI                                   37. CONSTRUCTION REVENUES AND EXPENSE

    Pendapatan konstruksi adalah kompensasi untuk                         Construction revenue is the compensation for the
    jasa yang dilakukan Kelompok Usaha dalam                              service performed by the Group for building new toll
    pembangunan jalan tol baru dan peningkatan                            roads and upgrading toll roads capacity.
    kapasitas jalan tol. Pendapatan konstruksi dinilai                    Construction revenue is measured using cost-plus
    dengan menggunakan metode cost-plus, dimana                           method, which specifies the margin and added up to
    seluruh biaya yang dapat diatribusikan langsung                       all cost directly attributable to the acquiring cost of
    sebagai nilai perolehan aset tambahan dengan                          the assets.
    margin tertentu.

                                                    2023                       2022
    Pendapatan Konstruksi                               5.752.623                  2.800.291                      Construction Revenues
    Beban Konstruksi                                   (5.716.823)                (2.773.136)                     Construction Expenses
    Margin Konstruksi                                      35.800                      27.155                      Construction Margin




                                                              158
Page 1012
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)

38. BEBAN TOL DAN USAHA LAINNYA                                         38. TOLL AND OTHER OPERATING EXPENSES

    Akun ini terdiri dari:                                                 This account consist of:

                                                     2023                    2022
    Amortisasi (Catatan 13)                                 2.035.946               2.248.623                       Amortization (Notes 13)
    Gaji dan Tunjangan                                        902.894                 719.503                       Salaries and Allowance
    Harga Pokok Penjualan                                     886.980                 705.816                           Cost of Goods Sold
    Provisi Pelapisan Ulang Jalan Tol (Catatan 28)            756.824                 733.600   Provision for Toll Road Overlay (Notes 28)
    Pemeliharaan Jalan dan                                                                                      Maintenance of Roads and
      Sarana Pelengkap Jalan Tol                              635.729                547.247        Toll Road Complementary Facilities
    Pajak Bumi dan Bangunan                                   617.245                649.370                         Land and Building Tax
    Pelayanan Jalan Tol                                       314.176                265.128                            Toll Road Services
    Bahan Bakar, Listrik, dan Air                             151.216                123.521                    Fuel, Electricity, and Water
    Pengumpulan Tol                                           109.261                139.049                                 Toll Collection
    Penyusutan (Catatan 11 dan 12)                             86.902                122.658                Depreciation (Notes 11 and 12)
    Sewa (Catatan 27)                                          73.863                 72.440                                 Rent (Note 27)
    Lainnya (Di bawah Rp2.000)                                 72.220                 64.661                       Others (Below Rp2,000)
    Total                                                   6.643.256               6.391.616                                         Total


    Harga Pokok Penjualan merupakan beban langsung                          Cost of Goods Sold are direct expenses owned by
    yang dimiliki oleh JMRB dan JMTM, Entitas Anak,                         JMRB and JMTM, Subsidiaries, which consist of
    meliputi kontrak manajemen, BBM, pemeliharaan                           management fee, fuel, toll road maintenance, and
    jalan tol, dan lainnya.                                                 others.


39. BEBAN UMUM DAN ADMINISTRASI                                         39. GENERAL AND ADMINISTRATIVE EXPENSES

    Rincian beban umum dan administrasi adalah                            The details of general and administrative expenses
    sebagai berikut:                                                      are as follows:

                                                     2023                    2022
    Gaji dan Tunjangan                                      1.378.044           1.385.337                           Salaries and Allowance
    Pajak Iuran dan Retribusi                                  97.146              84.492               Taxes, Contribution and Retribution
    Jasa Profesional                                           95.104              75.010                                Professional Fees
    Administrasi Kantor dan Sumbangan                          81.533              64.156               Office Administration and Donation
    Penyusutan (Catatan 11)                                    68.224              77.257                            Depreciation (Note 11)
    Perbaikan dan Pemeliharaan                                                                                    Repair and Maintenance
      Aset Tetap                                              57.574                 42.822                                   Fixed Asset
    Amortisasi (Catatan 14)                                   48.931                 41.660                          Amortization (Note 14)
    Transportasi dan Perjalanan Dinas                         42.867                 36.413             Transportation and Business Travel
    Publikasi                                                 29.168                  8.664                                     Publications
    Bahan Bakar, Listrik, dan Air                             26.167                 20.952                     Fuel, Electricity, and Water
    Program Tanggung Jawab Sosial                                                                                 Social and Enviromental
      dan Lingkungan                                          24.344                 11.406                      Responsibility Program
    Sewa (Catatan 27)                                         17.381                 25.011                                  Rent (Note 27)
    Lainnya (Di bawah Rp3.000)                                41.451                 61.603                        Others (Below Rp3,000)
    Total                                                   2.007.934           1.934.783                                             Total




                                                                159
Page 1013
PT JASA MARGA (PERSERO) Tbk                                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                             unless otherwise stated)

40. PENGHASILAN KEUANGAN DAN PENGHASILAN                                      40. FINANCE INCOME AND OTHER INCOME
    LAIN-LAIN

                                                            2023                  2022
    Penghasilan Keuangan                                                                                                                 Finance Income
    Penghasilan bunga deposito                                     120.355                78.913                                 Deposits interest income
    Penghasilan jasa giro                                           42.095                57.908                                 Current accounts income
    Penghasilan bunga pinjaman entitas                                                                                   Income interest on in associates,
    asosiasi, ventura bersama, dan lainnya                          93.516                15.600                              joint ventures, and others
    Subtotal                                                       255.966               152.421                                                 Subtotal
    Beban Pajak Penghasilan Keuangan                                                                                    Tax Expense of Finance Income
    Beban pajak giro                                                (8.258)              (11.648)                             Current accounts expense
    Beban pajak deposito                                           (22.417)              (15.809)                              Deposits interest expense
    Subtotal                                                       (30.675)              (27.457)                                               Subtotal
    Keuntungan Pelepasan Investasi                                                                                                  Gain on Divestment
    Pelepasan investasi PT Ismawa Trimitra                               -              58.367                          Divestment of PT Ismawa Trimitra
    Pelepasan investasi PT Jasamarga Jalanlayang Cikampek                -           2.186.678         Divestment of PT Jasamarga Jalanlayang Cikampek
    Subtotal                                                             -           2.245.045                                                 Subtotal
    Penghasilan Lain-Lain                                                                                                                    Other Income
    Penghasilan atas ganti rugi kerusakan aset                      26.757                 2.003                  Income on asset damage compensation
    Pemulihan Penyisihan Piutang Lain-Lain (Catatan 6)              25.919                 4.723       Recovery of Other Receivables Allowance (Note 6)
    Penyesuaian pencadangan MLFF                                    14.768                     -                       Adjustment on provisions for MLFF
    Pendapatan Dividen PT Marga Mandala Sakti                       13.118                10.866           Dividend Income from PT Marga Mandala Sakti
    Pendapatan Dividen PT Jakarta Lingkar Baratsatu                  4.655                     -       Dividend Income from PT Jakarta Lingkar Baratsatu
    Keuntungan penjualan aset tetap                                  2.587                 8.621                         Gains on disposal of fixed assets
    Penyesuaian Atribusi Imbalan Kerja                                                                    Adjustments to Attribution of Employee Benefits
      atas Program Pensiun                                               -                 7.375                                        for Pension Plan
    Keuntungan Investasi KIK EBA                                         -                58.913                              Gain on Investment KIK EBA
    Pemulihan Nilai Piutang PSBI                                         -                93.763                Recovery of Impairment Recievable PSBI
    Lainnya (Di bawah Rp2.000)                                      62.303                51.740                                   Others (Below Rp2,000)
    Subtotal                                                       150.107               238.004                                                  Subtotal
    Total                                                          375.398               362.968                                                     Total




41. BEBAN LAIN-LAIN                                                           41. OTHER EXPENSES

    Rincian beban lain-lain adalah sebagai berikut:                              The details of other expenses are as follows:

                                                            2023                   2022
    Dampak Penurunan Nilai Biaya Prakarsa                           25.726                  13.500                        Impairment of Initiative Cost
    Penyisihan Piutang Lain-Lain (Catatan 6)                        10.606                  31.735             Other Receivables Allowance (Note 6)
    Pencadangan Implementasi MLFF                                    8.961                 189.271              Provision for implementation of MLFF
    Biaya Keagenan                                                   7.272                   1.499                                        Agency Fee
    Administrasi Bank                                                3.608                   5.371                                 Bank Administration
    Beban Provisi Pinjaman                                           3.577                  23.329                            Loan Provision Expense
    Pencadangan atas ISAK 34                                             -                 211.681                                Provision of ISAK 34
    Iuran Tambahan Defisit Selain                                                                                  Additional Deficit Dues Other Than
       Kekurangan Solvabilitas                                           -                 103.421                            Solvency Deficiencies
    Dampak Penurunan Nilai Atas Investasi                                                                                    Impairment of Investment
       Jasamarga Gedebage Cilacap                                        -                  52.975                    Jasamarga Gedebage Cilacap
    Biaya Kelebihan Pembayaran Manfaat                                                                             Cost of Overpayment of Benefits of
       Multi Lane Free Flow                                              -                  14.912                             Multi Lane Free Flow
    Penghapusan Aset Properti Investasi                                                                    Write-off of Rest Area Investment Property
       Tempat Istirahat 389 B                                            -                   6.438                                     Assets 389 B
    Lainnya (Di bawah Rp2.000)                                      60.347                  54.188                             Others (Below Rp2,000)
    Total                                                          120.097                 708.320                                                Total




                                                                      160
Page 1014
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

42. BIAYA KEUANGAN                                               42. FINANCE COSTS

    Rincian biaya keuangan adalah sebagai berikut:                   The details of finance costs are as follows:

                                               2023                    2022
    Utang bunga bank                                 2.844.956             2.988.452                            Bank interest loans
    Beban bagi hasil syariah                           444.358               551.077                         Profit sharing syariah
    Utang bunga obligasi                               154.821               162.558                                 Bonds Interest
    Utang bunga BLU                                     96.808                84.226                         BLU interest expense
    Beban bunga liabilitas sewa                         12.224                 6.867                        Lease interest expense
    Utang lembaga keuangan bukan bank                   12.196                31.535                  Non-bank financial institutions
    Lainnya                                             26.989                60.627                                          Others
    Total                                            3.592.352             3.885.342                                           Total




43. LABA PER SAHAM                                               43. EARNINGS PER SHARE

    Sampai dengan tanggal 31 Desember 2023,                          Until the date of December 31, 2023, the Company
    Perusahaan tidak melakukan pembelian kembali                     did not repurchase its shares or issued new shares,
    saham maupun menerbitkan saham baru, sehingga                    so the number of shares as of December 31, 2023
    jumlah saham pada 31 Desember 2023 adalah                        is 7,257,871,200 shares.
    7.257.871.200 lembar.

    Laba per saham dihitung dari laba tahun berjalan                 Earnings per share is calculated from profit of the
    yang dapat diatribusikan kepada pemilik entitas                  current year attributable to owners of the parent
    induk dibagi dengan jumlah rata-rata tertimbang                  divided by the weighted average of outstanding
    saham pada tahun berjalan, dengan rincian sebagai                shares during the year, with details as follows:
    berikut:

                                                 2023                         2022
    Laba tahun berjalan (Rupiah penuh)         6.793.551.210.505         2.746.884.072.330          Profit for the year (full Rupiah)
    Rata-rata tertimbang                                                                                        Weighted average of
      saham beredar (lembar)                         7.257.871.200            7.257.871.200                    outstanding shares
    Laba Per Saham (Rupiah penuh)                          936,03                     378,47    Earnings per Share (full Rupiah)




                                                          161
Page 1015
PT JASA MARGA (PERSERO) Tbk                                                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                               unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                                          44. BALANCES AND NATURE                                             OF        RELATED
    BERELASI                                                                                          PARTIES TRANSACTIONS

    Kelompok Usaha melakukan transaksi dengan                                                            The Group normally enters into transactions with
    pihak-pihak berelasi. Berikut adalah transaksi                                                       related parties. Below are the material transactions
    dengan pihak-pihak berelasi yang material:                                                           with related parties:
                         Pihak Berelasi/                                       Hubungan/                                                      Jenis Transaksi/
                         Related Parties                                 Nature of Relationship                                           Nature of Transactions
     Pemerintah Republik Indonesia Kementerian Keuangan   Dikendalikan oleh Pemerintah Pusat Republik           Hak Konsesi atas Ruang Tol, Utang Bantuan Pemerintah, Dana Talangan
                                                          Indonesia/                                            Pembebasan Tanah dan Perpajakan/ Concession Rights on Toll Roads,
                                                          Controlled by Central Government of the Republic of   Government Assistance Debt, Land Acquisition Bailouts and Taxation
                                                          Indonesia
     PT Adhi Karya (Persero) Tbk                          Dikendalikan oleh Pemerintah Pusat Republik           Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan Tol/
                                                          Indonesia/                                            Contractor for Construction and Maintenance of Fixed Assets and Toll Roads
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     PT Asuransi Jiwasraya (Persero)                      Dikendalikan oleh Pemerintah Pusat Republik           Beban Asuransi Jiwa Pensiunan Karyawan/
                                                          Indonesia/                                            Life Insurance Expenses for Pension Employees
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     PT Bank Mandiri (Persero) Tbk                        Dikendalikan oleh Pemerintah Pusat Republik           Penempatan Giro, Deposito Berjangka, Investasi Jangka Pendek, Dana yang
                                                          Indonesia/                                            Dibatasi Penggunaannya, Fasilitas Kredit Modal Kerja, Fasilitas Kredit Sindikasi,
                                                          Controlled by Central Government of the Republic of   Biaya Keuangan, Piutang Lain-lain dan Pendapatan Bunga/ Placement of Current
                                                          Indonesia                                             Accounts, Time Deposits, Short Term Investments, Restricted Funds, Working
                                                                                                                Capital Credit Facility, Syndicated Loans Facility, Finance Charges, Other
                                                                                                                Receivables and Interest Income


     PT Bank Negara Indonesia (Persero) Tbk               Dikendalikan oleh Pemerintah Pusat Republik           Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas Kredit
                                                          Indonesia/                                            Sindikasi, Bank untuk Pengumpulan Tol, Biaya Keuangan Pendapatan Bunga dan
                                                          Controlled by Central Government of the Republic of   Dana Dibatasi Penggunaannya/ Placement of Current Accounts, Time Deposits,
                                                          Indonesia                                             Investment Credit Facility, Syndicated Loans Facility, Bank for Toll Collection,
                                                                                                                Finance Charges, Interest Income and Restricted Funds
     PT Bank Rakyat Indonesia (Persero) Tbk               Dikendalikan oleh Pemerintah Pusat Republik           Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas Kredit
                                                          Indonesia/                                            Sindikasi, Bank untuk Pengumpulan Tol, Biaya Keuangan, Piutang Lain-lain dan
                                                          Controlled by Central Government of the Republic of   Pendapatan Bunga/ Placement of Current Accounts, Time Deposits, Investment
                                                          Indonesia                                             Credit Facility, Syndicated Loans Facility, Bank for Toll Collection, Finance
                                                                                                                Charges, Other Receivables and Interest Income
     PT Bank Tabungan Negara (Persero) Tbk                Dikendalikan oleh Pemerintah Pusat Republik           Penempatan Giro, Deposito Berjangka, Fasilitas Kredit Investasi, Fasilitas Kredit
                                                          Indonesia/                                            Sindikasi, Biaya Keuangan dan Pendapatan Bunga/ Placement of Current
                                                          Controlled by Central Government of the Republic of   Accounts, Time Deposits, Investment Credit Facility, Syndicated Loans Facility,
                                                          Indonesia                                             Finance Charges and Interest Income
     PT Sarana Multi Infrastruktur (Persero)              Dikendalikan oleh Pemerintah Pusat Republik           Pinjaman kepada Lembaga Keuangan Bukan Bank/
                                                          Indonesia/                                            Loans to Non-Bank Financial Institutions
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     Lembaga Pembiayaan Ekspor Impor                      Dikendalikan oleh Pemerintah Pusat Republik           Pinjaman kepada Lembaga Keuangan Bukan Bank/
                                                          Indonesia/                                            Loans to Non-Bank Financial Institutions
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     PT Hutama Karya (Persero)                            Dikendalikan oleh Pemerintah Pusat Republik           Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan Tol dan
                                                          Indonesia/                                            Piutang Lain-lain/ Contractor for Construction and Maintenance of Property and
                                                          Controlled by Central Government of the Republic of   Equipment and Toll Roads and Other Receivables
                                                          Indonesia
     BPJS Ketenagakerjaan                                 Dikendalikan oleh Pemerintah Pusat Republik           Beban Asuransi Kecelakaan Kerja Karyawan, Pemegang Saham Non-Pengendali/
                                                          Indonesia/                                            Insurance Expenses for Employees and Non Controlling Shareholder
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     PT Pembangunan Perumahan (Persero) Tbk               Dikendalikan oleh Pemerintah Pusat Republik           Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan, Dana
                                                          Indonesia/                                            Talangan Tanah/ Contractor for Construction and Maintenance of Property and
                                                          Controlled by Central Government of the Republic of   Equipment and Toll Roads, Land Bridging Fund
                                                          Indonesia
     PT Perusahaan Listrik Negara (Persero)               Dikendalikan oleh Pemerintah Pusat Republik           Beban Listrik Peralatan Tol dan Gedung/
                                                          Indonesia/                                            Electricity for Toll Equipment and Buildings
                                                          Controlled by Central Government of the Republic of
                                                          Indonesia
     PT Waskita Karya (Persero) Tbk                       Dikendalikan oleh Pemerintah Pusat Republik           Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan, Dana
                                                          Indonesia/                                            Talangan Tanah/ Contractor for Construction and Maintenance of Fixed Assets
                                                          Controlled by Central Government of the Republic of   and Toll Roads, Land Bridging Fund
                                                          Indonesia
     PT Wijaya Karya (Persero) Tbk                        Dikendalikan oleh Pemerintah Pusat Republik           Kontraktor dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan, Dana
                                                          Indonesia/                                            Talangan Tanah dan Piutang Lain-lain/ Contractor for Construction and
                                                          Controlled by Central Government of the Republic of   Maintenance of Fixed Assets and Toll Roads, Land Bridging Fund and Other
                                                          Indonesia                                             Receivables
     Koperasi Jasa Marga Bhakti                           Pengendalian Manajemen Kunci/                         Pembelian Aset dan Perlengkapan, Beban Outsourcing Pegawai, Sewa
                                                          Key Management Control                                Kendaraan dan Peralatan Tol/ Purchase of Property and Equipment, Outsourcing
                                                                                                                Expenses, Vehicles and Toll Equipment Lease




                                                                                       162
Page 1016
PT JASA MARGA (PERSERO) Tbk                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                          For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                    (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                   unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                                 44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                                      PARTIES TRANSACTIONS (continued)

    Kelompok Usaha melakukan transaksi dengan                                                 The Group normally enters into transactions with
    pihak-pihak berelasi. Berikut adalah transaksi                                            related parties. Below are the material transactions
    dengan pihak-pihak berelasi yang material:                                                with related parties: (continued)
    (lanjutan)
                        Pihak Berelasi/                           Hubungan/                                                       Jenis Transaksi/
                        Related Parties                      Nature of Relationship                                            Nature of Transactions
    PT Pilar Sinergi BUMN Indonesia           Entitas Asosiasi/                                     Investasi pada Perusahaan Asosiasi/
                                              Associate                                             Investments in Associated Company


    PT Virama Karya (Persero)                 Dikendalikan oleh Pemerintah Pusat Republik           Konsultan dalam Pembangunan dan Pemeliharaan Aset Tetap dan Jalan Tol/
                                              Indonesia/                                            Consultant for Construction and Maintenance of Fixed Assets and Toll Roads
                                              Controlled by Central Government of the Republic of
                                              Indonesia
    PT Bank Syariah Indonesia Tbk             Entitas yang Berelasi dengan Pemerintah/              Penempatan Giro, Deposito Berjangka, Investasi Jangka Pendek, Dana yang
                                              Goverment Related Entities                            Dibatasi Penggunaannya, Fasilitas Kredit Modal Kerja, Fasilitas Kredit Sindikasi,
                                                                                                    Biaya Keuangan dan Pendapatan Bunga/ Placement of Current Accounts, Time
                                                                                                    Deposits, Short Term Investments, Restricted Funds, Working Capital Credit
                                                                                                    Facility, Syndicated Loans Facility, Finance Charges and Interest Income



    PT Yodya Karya (Persero)                  Entitas yang Berelasi dengan Pemerintah/              Beban Akrual/
                                              Goverment Related Entities                            Accrued Expense


    PT Bank Mandiri Taspen                    Entitas yang Berelasi dengan Pemerintah/              Penempatan Giro/
                                              Goverment Related Entities                            Placement of Current Accounts


    PT Hutama Marga Waskita (HAMAWAS)         Entitas yang Berelasi dengan Pemerintah/              Aset Keuangan Lainnya/
                                              Goverment Related Entities                            Other Financial Assets


    PT Pertamina Retail                       Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Cibitung Tanjung Priok Port Tollways   Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Waskita Bumi Wira                      Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Cimanggis Cibitung Tollways            Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Pertamina Patra Niaga                  Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Waskita Sriwijaya Tol                  Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Wijaya Karya Realty Tbk                Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT PP Semarang Demak                      Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Jasamarga Jalanlayang Cikampek         Entitas Asosiasi/                                     Piutang Lain-lain/
                                              Associate                                             Other Receivables


    PT Trans Jabar Tol                        Entitas yang Berelasi dengan Pemerintah/              Piutang Lain-lain/
                                              Goverment Related Entities                            Other Receivables


    PT Jasamarga Pandaan Tol                  Entitas Asosiasi/                                     Piutang Lain-lain/
                                              Associate                                             Other Receivables


    PT Marga Lingkar Jakarta                  Entitas Asosiasi/                                     Piutang Lain-lain/
                                              Associate                                             Other Receivables


    PT Trans Marga Jateng                     Entitas Asosiasi/                                     Piutang Lain-lain/
                                              Associate                                             Other Receivables




                                                                           163
Page 1017
PT JASA MARGA (PERSERO) Tbk                                                                           PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                               FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                  unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                             44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                                  PARTIES TRANSACTIONS (continued)

    Kelompok Usaha melakukan transaksi dengan                                          The Group normally enters into transactions with
    pihak-pihak berelasi. Berikut adalah transaksi                                     related parties. Below are the material transactions
    dengan pihak-pihak berelasi yang material:                                         with related parties: (continued)
    (lanjutan)
                      Pihak Berelasi/                         Hubungan/                                            Jenis Transaksi/
                      Related Parties                    Nature of Relationship                                 Nature of Transactions
    PT Jasamarga Pandaan Malang           Entitas Asosiasi/                                Piutang Lain-lain/
                                          Associate                                        Other Receivables

    PT Waskita Beton Precast Tbk          Entitas yang Berelasi dengan Pemerintah/         Piutang Lain-lain/
                                          Goverment Related Entities                       Other Receivables
    PT Jasamarga Semarang Batang          Entitas Asosiasi/                                Piutang Lain-lain/
                                          Associate                                        Other Receivables

    PT Jasamarga Solo Ngawi               Entitas Asosiasi/                                Piutang Lain-lain/
                                          Associate                                        Other Receivables


    PT Jasamarga Ngawi Kertosono Kediri   Entitas Asosiasi/                                Piutang Lain-lain/
                                          Associate                                        Other Receivables

    Induk Koperasi Karyawan Jasa Marga    Pengendalian Manajemen Kunci/                    Piutang Lain-lain/
                                          Key Management Control                           Other Receivables




    Dalam kegiatan usahanya, Kelompok Usaha                                             In the normal course of business, the Group
    melakukan transaksi dengan pihak-pihak berelasi                                     entered into certain transactions with the related
    yang dilakukan dengan syarat-syarat dan kondisi                                     parties conducted by normal terms and conditions.
    normal. Transaksi ini termasuk pembayaran oleh                                      These transactions include payments made by the
    Kelompok Usaha atas beban-beban pihak-pihak                                         Group to the related parties or vice versa. Balance
    berelasi atau sebaliknya. Saldo transaksi dengan                                    of related parties accounts as of December 31,
    pihak berelasi pada tanggal 31 Desember 2023 dan                                    2023 and 2022 are as follows:
    2022 adalah sebagai berikut:




                                                                       164
Page 1018
PT JASA MARGA (PERSERO) Tbk                                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                     unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                                    44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                                         PARTIES TRANSACTIONS (continued)

    a.   Pemerintah                                                                            a.   Government

                                                                                                                       Persentase dari Total Aset/
                                                                                                                      Percentage from Total Asset
                                                                            2023                    2022              2023                   2022

         Aset/ Assets
         Kas dan Setara Kas/ Cash and Cash Equivalents
         Bank/ Cash in Banks
           Rupiah
           PT Bank Mandiri (Persero) Tbk                                       690.954                 3.615.494     0,53%                   3,97%
           PT Bank Rakyat Indonesia (Persero) Tbk                              101.095                   139.470     0,08%                   0,15%
           PT Bank Negara Indonesia (Persero) Tbk                               94.034                    54.096     0,07%                   0,50%
           PT Bank Tabungan Negara (Persero) Tbk                                 5.396                     1.531     0,00%                   0,00%
           PT Bank Syariah Indonesia Tbk                                         5.321                    17.749     0,00%                   0,02%
           PT Bank Mandiri Taspen                                                   71                        64     0,00%                   0,00%
         Sub Total                                                             896.871                 3.828.404     0,68%                   4,20%
           Dolar Amerika Serikat/ United States Dollar
           PT Bank Mandiri (Persero) Tbk                                             384                       85    0,00%                   0,00%
         Sub Total                                                                   384                       85    0,00%                   0,00%
         Deposito Berjangka/ Time Deposits
           Rupiah
           PT Bank Rakyat Indonesia (Persero) Tbk                             1.632.600                2.076.562     1,26%                   0,43%
           PT Bank Syariah Indonesia Tbk                                        724.690                  330.000     0,56%                   0,36%
           PT Bank Tabungan Negara (Persero) Tbk                                269.505                  242.896     0,21%                   0,27%
           PT Bank Negara Indonesia (Persero) Tbk                                89.000                  367.500     0,07%                   0,40%
           PT Bank Mandiri (Persero) Tbk                                         77.000                  201.606     0,06%                   0,22%
           PT Bank Mandiri Taspen                                                32.000                        -     0,02%                   0,00%
         Sub Total                                                            2.824.795                3.218.564     2,18%                   3,53%
           Dolar Amerika Serikat/ United States Dollar
           PT Bank Rakyat Indonesia (Persero) Tbk                                  16.958                   17.304   0,01%                   0,02%
         Sub Total Deposito Berjangka/ Time Deposits                               16.958                   17.304   0,01%                   0,02%
         Total Kas dan Setara Kas/ Total Cash and
         Cash Equivalents                                                     3.739.008                7.064.357     2,89%                   7,75%

         Piutang Lain-lain/ Other Receivables
           Lancar/ Current
             PT Jasamarga Jalanlayang Cikampek *)                              140.989                     130.264   0,11%                   0,14%
             PT Bank Mandiri (Persero) Tbk                                      31.198                      12.580   0,02%                   0,01%
             PT Hutama Karya (Persero)                                          28.247                      28.309   0,02%                   0,03%
             PT Waskita Sriwijaya Tol                                           24.254                       7.413   0,02%                   0,01%
             PT Trans Jabar Tol                                                 20.397                      16.548   0,02%                   0,02%
             PT Cibitung Tanjung Priok Port Tollways                            14.186                      48.180   0,01%                   0,05%
             PT Jasamarga Pandaan Tol                                           13.308                      11.043   0,01%                   0,01%
             PT Cimanggis Cibitung Tollways                                     11.068                       7.715   0,01%                   0,01%
             PT Waskita Bumi Wira                                               10.239                      10.369   0,01%                   0,01%
             PT PP Semarang Demak                                                9.503                           -   0,01%                      -
             PT Marga Lingkar Jakarta                                            7.831                      17.935   0,01%                   0,02%
             PT Pertamina Retail                                                 7.101                      25.269   0,01%                   0,03%
             PT Trans Marga Jateng                                               5.651                       5.862   0,00%                   0,01%
             PT Bank Rakyat Indonesia (Persero) Tbk                              5.334                      13.853   0,00%                   0,02%
             PT Jasamarga Pandaan Malang                                         3.934                      13.436   0,00%                   0,01%
             PT Bank Negara Indonesia (Persero) Tbk                              3.134                       2.642   0,00%                   0,00%
             PT Waskita Beton Precast Tbk                                        2.567                       3.198   0,00%                   0,00%
             PT Wijaya Karya (Persero) Tbk                                       2.486                       2.525   0,00%                   0,00%
             PT Jasamarga Semarang Batang                                            -                      54.044      -                    0,06%
             PT Jasamarga Solo Ngawi                                                 -                      54.036      -                    0,06%
             PT Jasamarga Ngawi Kertosono Kediri                                     -                      39.002      -                    0,04%
             PT Pembangunan Perumahan (Persero) Tbk                                  -                      12.117      -                    0,01%
             Induk Koperasi Karyawan Jasa Marga                                      -                       4.160      -                    0,00%
             Lainnya Berelasi (Di bawah Rp2.000)/
               Others (Below Rp2,000)                                               2.799                    7.078   0,00%                   0,01%
         Total Piutang Lain-lain/ Other Receivables                            344.226                     527.578   0,27%                   0,58%

         Piutang Lain-lain/ Other Receivables
           Tidak lancar/ Non Current
             PT Jasamarga Jalanlayang Cikampek *)                              275.000                     115.000   0,21%                   0,13%
           Total                                                               275.000                     115.000   0,21%                   0,13%

           *)Direklasifikasi, lihat catatan 50/ Reclassified, see note 50



                                                                               165
Page 1019
PT JASA MARGA (PERSERO) Tbk                                                               PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                         For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                 44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                      PARTIES TRANSACTIONS (continued)

    a.   Pemerintah (lanjutan)                                              a.   Government (continued)

                                                                                                    Persentase dari Total Aset/
                                                                                                   Percentage from Total Asset
                                                         2023                    2022              2023                   2022

         Dana Dibatasi Penggunaannya/ Restricted Funds
           Lancar/ Current
           Bank
           Rekening Pembebasan Tanah/ Land Acqusition
           Account
             PT Bank Mandiri (Persero) Tbk                       3.769                      125   0,00%                   0,00%
             PT Bank Negara Indonesia (Persero) Tbk                522                       46   0,00%                   0,00%
             PT Bank Rakyat Indonesia (Persero) Tbk                 18                    3.131   0,00%                   0,00%
         Subtotal                                                4.309                    3.302   0,00%                   0,00%
           Jaminan Sindikasi Bank/ Syndicated Bank
           Guarantee
             PT Bank Negara Indonesia (Persero) Tbk         146.476                      15.366   0,11%                   0,02%
             PT Bank Mandiri (Persero) Tbk                  130.119                       9.840   0,10%                   0,01%
             PT Bank Rakyat Indonesia (Persero) Tbk           2.247                       4.960   0,00%                   0,01%
           Subtotal                                         278.842                      30.166   0,22%                   0,03%
           Rekening Amanat Pendapatan Tol/ Toll
           Collection Escrow Account
             PT Bank Mandiri (Persero) Tbk                  181.296                       6.803   0,14%                   0,01%
             PT Bank Rakyat Indonesia (Persero) Tbk          17.295                         116   0,01%                   0,00%
             PT Bank Negara Indonesia (Persero) Tbk           2.594                          47   0,00%                   0,00%
           Subtotal                                         201.185                       6.966   0,16%                   0,01%
           Deposito
           Rekening Pembebasan Tanah/ Land Acqusition
           Account
             PT Bank Mandiri (Persero) Tbk                           -                    9.973   0,00%                   0,01%
           Subtotal                                                  -                    9.973   0,00%                      -
           Jaminan pelaksanaan/Performance Bond
             PT Bank Mandiri (Persero) Tbk                       7.345                        -   0,01%                     -
           Subtotal                                              7.345                        -   0,01%                     -
           Subtotal Lancar/ Subtotal Current                491.681                      50.407   0,38%                   0,06%

           Tidak Lancar/ Non-Current
           Bank
           Jaminan Sindikasi Bank/ Syndicated Bank
           Guarantee
             PT Bank Mandiri (Persero) Tbk                      52.966                   26.406   0,04%                   0,03%
             PT Bank Negara Indonesia (Persero) Tbk             54.443                    5.261   0,04%                   0,01%
             PT Bank Rakyat Indonesia (Persero) Tbk             29.453                   10.685   0,02%                   0,01%
           Subtotal                                         136.862                      42.352   0,11%                   0,05%
           Jaminan Pelaksanaan/ Performance Bond
             PT Bank Mandiri (Persero) Tbk                      44.821                   57.955      -                    0,06%
             PT Bank Negara Indonesia (Persero) Tbk              4.449                        -   0,00%                      -
           Subtotal                                             49.270                   57.955   0,04%                   0,06%
           Deposito
           Jaminan Sindikasi Bank/ Syndicated Bank
           Guarantee
             PT Bank Mandiri (Persero) Tbk                       5.419                    7.345   0,00%                   0,01%
           Subtotal                                              5.419                    7.345   0,00%                   0,01%
           Jaminan Pelaksanaan/ Performance Bond
             PT Bank Mandiri (Persero) Tbk                           -                   17.114   0,00%                   0,02%
           Subtotal                                                  -                   17.114   0,00%                   0,02%
           Jaminan Pemeliharaan/ Maintenance Bond
             PT Bank Mandiri (Persero) Tbk                    5.231                       5.231   0,00%                   0,01%
           Subtotal                                           5.231                       5.231   0,00%                   0,01%
           Subtotal Tidak Lancar/ Subtotal Non-Current      196.782                     129.997   0,15%                   0,14%
         Total Dana Dibatasi Penggunaannya/ Total
         Restricted Funds                                   688.463                     180.404   0,53%                   0,20%




                                                            166
Page 1020
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                      unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                      44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                           PARTIES TRANSACTIONS (continued)

    a.   Pemerintah (lanjutan)                                                  a.   Government (continued)

                                                                                                      Persentase dari Total Liabilitas/
                                                                                                      Percentage from Total Liabilities
                                                                 2023                2022               2023                    2022
         Liabilitas/ Liabilities
         Beban Akrual/ Accrued Expenses
           Beban Kontraktor dan Konsultan/
            Contractors and Consultant Expense
             PT Waskita Karya (Persero) Tbk                       1.873.180             1.413.258     2,07%                    3,02%
             PT Adhi Karya (Persero) Tbk                            698.506               389.920     0,77%                    0,43%
             PT Pembangunan Perumahan (Persero) Tbk                  51.851                23.378     0,06%                    0,04%
             PT Wijaya Karya (Persero) Tbk                           42.957                 9.660     0,05%                    1,65%
             PT Virama Karya (Persero)                               11.230                 3.199     0,01%                    0,00%
             PT Yodya Karya (Persero)                                 2.028                     -     0,00%                       -
           Subtotal                                               2.679.752             1.839.415     2,95%                    5,14%
           Beban Bunga/ Interest Expenses
             Utang Bank/ Bank Loans
             PT Bank Mandiri (Persero) Tbk                            7.098                 5.972     0,01%                    0,01%
             PT Bank Syariah Indonesia Tbk                            4.241                 3.787     0,00%                    0,00%
             PT Bank Negara Indonesia (Persero) Tbk                   1.603                   729     0,00%                    0,00%
             PT Sarana Multi Infrastruktur (Persero)                    884                   351     0,00%                    0,00%
         Subtotal                                                    13.826                10.839     0,02%                    0,01%
         Total Beban Akrual/ Total Accrued Expenses               2.693.578             1.850.254     2,97%                    5,15%
         Utang Bank/ Bank Loans
           Utang Jangka Pendek/ Short Term Loans
           PT Bank Negara Indonesia (Persero) Tbk                 2.101.257             1.598.442     2,32%                    2,44%
           PT Bank Mandiri (Persero) Tbk                            525.000                     -     0,58%                       -
           PT Bank Syariah Indonesia Tbk                            100.000                     -     0,11%                       -
             Subtotal                                             2.726.257             1.598.442     3,01%                    2,44%
           Utang Bank Jangka Panjang-Bagian Jangka
             Pendek/ Long Term Bank Loans-Current Maturities
           PT Bank Mandiri (Persero) Tbk                            281.081                  86.573   0,31%                    0,13%
           PT Bank Negara Indonesia (Persero) Tbk                   274.283                  73.368   0,30%                    0,11%
           PT Bank Rakyat Indonesia (Persero) Tbk                   177.994                  65.549   0,20%                    0,10%
           PT Sarana Multi Infrastruktur (Persero)                   40.485                  11.717   0,04%                    0,02%
           PT Bank Syariah Indonesia Tbk                             17.266                   6.492   0,02%                    0,01%
           Lembaga Pembiayaan Ekspor Indonesia                       14.456                   5.269   0,02%                    0,01%
           PT Bank Tabungan Negara (Persero) Tbk                     10.073                   8.935   0,01%                    0,01%
             Subtotal                                               815.638                 257.903   0,90%                    0,39%
           Utang Bank Jangka Panjang - Bagian Jangka
             Panjang/ Long Term Bank Loans - Long Term Portion
           PT Bank Mandiri (Persero) Tbk                         18.037.489            12.586.942     19,95%                  19,21%
           PT Bank Negara Indonesia (Persero) Tbk                 8.608.686             3.394.032     9,52%                    5,18%
           PT Bank Syariah Indonesia Tbk                          3.430.905             3.059.078     3,80%                    4,67%
           PT Sarana Multi Infrastruktur (Persero)                3.010.962             1.815.093     3,33%                    2,77%
           PT Bank Rakyat Indonesia (Persero) Tbk                 1.437.213             2.440.005     1,59%                    3,72%
           Lembaga Pembiayaan Ekspor Indonesia                      700.987               715.656     0,78%                    1,09%
           PT Bank Tabungan Negara (Persero) Tbk                     36.838                46.911     0,04%                    0,07%
             Subtotal                                            35.263.080            24.057.717     39,02%                  36,72%
         Total Utang Bank/ Bank Loans                            38.804.975            25.914.062     42,94%                  39,55%
                                                                                                `
         Utang Lembaga Keuangan Bukan Bank/
         Non - Bank Financial Institution
           Utang Lembaga Keuangan Bukan Bank Jangka Pendek/
           Non - Bank Financial Institution Short Term Loan
           PT Sarana Multi Infrastruktur (Persero)                  908.102                       -   1,00%                      -
             Subtotal                                               908.102                       -   1,00%                      -

           Utang Lembaga Keuangan Bukan Bank
             Jangka Panjang Bagian Jangka Pendek/
             Non - Bank Financial Institution Long
             - Current Maturities
           PT Sarana Multi Infrastruktur (Persero)                  200.000                       -   0,22%                      -
             Subtotal                                               200.000                       -   0,22%                      -




                                                                    167
Page 1021
PT JASA MARGA (PERSERO) Tbk                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                         unless otherwise stated)

44. SALDO DAN SIFAT TRANSAKSI PIHAK YANG                                     44. BALANCES AND NATURE OF RELATED
    BERELASI (lanjutan)                                                          PARTIES TRANSACTIONS (continued)

    a.   Pemerintah (lanjutan)                                                   a.   Government (continued)

                                                                                                         Persentase dari Total Liabilitas/
                                                                                                         Percentage from Total Liabilities
                                                                2023                    2022                  2023                 2022

            Utang Lembaga Keuangan Bukan Bank Jangka Panjang/
              Non - Bank Financial Institution Long Term Loan
            PT Sarana Multi Infrastruktur (Persero)                          -                 200.000          -                  0,33%
              Subtotal                                                       -                 200.000          -                  0,31%
          Total Utang Lembaga Keuangan Bukan Bank/
          Non - Bank Financial Institution                        1.108.102                    200.000        1,23%                0,31%

          Utang Usaha/ Accounts Payable
            Koperasi Jasa Marga Bhakti I                                 3.296                       -        0,00%                0,00%
            Badan Penyelenggara Jaminan Sosial                               -                   2.231        0,00%                0,00%
            Lainnya (Dibawah Rp2.000) /
              Others (Below Rp2,000)                                     6.227                   4.590        0,01%                0,01%
          Total Utang Usaha/ Accounts Payable                            9.523                   6.821        0,01%                0,01%
               Utang Kontraktor Jangka Pendek/
                 Short-Term Contractors Payable
               PT Waskita Karya (Persero) Tbk                          225.538                 186.867        0,25%                0,29%
               PT Wijaya Karya (Persero) Tbk                            70.019                  27.085        0,08%                0,04%
               PT Pembangunan Perumahan (Persero) Tbk                   32.899                  24.676        0,04%                0,04%
               PT Virama Karya (Persero)                                 4.176                       -        0,00%                0,00%
               PT Adhi Karya (Persero) Tbk                               3.499                   2.695        0,00%                0,00%
               Lain-lain (Dibawah Rp2.000) /
                 Others (Below Rp2,000)                                    41                      93         0,00%                0,00%
               Total Utang Kontraktor Jangka Pendek/
                 Short-Term Contractors Payable                        336.172                 241.416        0,38%                0,37%

               Utang Kontraktor Jangka Panjang/
                 Long-term Contractors Payable
               PT Waskita Karya (Persero) Tbk                          128.427                  95.272        0,14%                0,15%
               PT Adhi Karya (Persero) Tbk                              97.815                  43.346        0,11%                0,07%
               PT Pembangunan Perumahan (Persero) Tbk                   41.416                  74.836        0,05%                0,11%
               Total Utang Kontraktor Jangka Panjang/
                 Long-term Contractors Payable                         267.658                 213.454        0,30%                0,33%




    b.   Remunerasi Komisaris dan Direksi                                        b. Remuneration         of         Commissioners            and
                                                                                    Directors

         (i)     Jumlah     remunerasi   yang   diterima                              (i)   Total remuneration received by the Board
                 Dewan Komisaris untuk tahun-tahun yang                                     of Commissioners for the years ended on
                 berakhir pada tanggal 31 Desember 2023                                     December 31, 2023 and 2022 amounted
                 dan 2022 masing-masing sebesar                                             to Rp10,821 and Rp10,706, respectively.
                 Rp10.821 dan Rp10.706.

         (ii) Jumlah remunerasi yang diterima Direksi                                 (ii) Total remuneration received by the Board
              untuk untuk tahun-tahun yang berakhir                                        of Directors for the years ended on
              pada tanggal 31 Desember 2023 dan                                            December 31, 2023 and 2022 amounted
              2022 masing-masing sebesar Rp20.074                                          to Rp20,074 and Rp20,754, respectively.
              dan Rp20.754.




                                                                  168
Page 1022
PT JASA MARGA (PERSERO) Tbk                                                          PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

45. PERJANJIAN DAN PERIKATAN PENTING                                45. SIGNIFICANT            AGREEMENTS                 AND
                                                                        COMMITMENTS

    a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                       a. Toll Road Concession Agreements (PPJT)

         (i)   Kelompok Usaha telah memperoleh                            (i)   The Group has acquired the right of toll
               penetapan hak pengusahaan jalan tol (Hak                         road concession (Concession Right)
               Konsesi) yang diterbitkan oleh Pemerintah,                       issued by the Government, which consists
               meliputi 13 (tiga belas) ruas jalan tol,                         of 13 (thirteen) toll roads, in accordance
               berdasarkan Keputusan Menteri Pekerjaan                          with the Minister of Public Works Decree
               Umum No. 242/KPTS/M/2006 tanggal                                 No. 242/KPTS/M/2006 dated June 8, 2006,
               8 Juni 2006, yang kemudian ditindaklanjuti                       followed by the signing of the PPJT for
               dengan penandatanganan PPJT pada                                 each toll road dated July 7, 2006 with
               tanggal 7 Juli 2006 untuk masing-masing                          concession period of 40 (forty) years, and
               ruas jalan tol, dengan masa konsesi                              effective on January 1, 2005 until
               selama 40 (empat puluh) tahun, yang                              December 31, 2044 with details as follows:
               berlaku efektif sejak tanggal 1 Januari 2005
               sampai             dengan           tanggal
               31 Desember 2044, dengan rincian
               sebagai berikut:

               1.   Ruas Jakarta - Bogor - Ciawi,                               1.    Jakarta - Bogor - Ciawi Toll Road,
                    berdasarkan         PPJT           No.                            according          to            PPJT
                    246/PPJT/VII/Mn/2006 yang telah                                   No. 246/PPJT/VII/Mn/2006 which was
                    diamendemen terakhir dengan Akta                                  lastly   amended     by   Deed      of
                    Amendemen III Nomor 10 tanggal                                    Amendment III Number 10 dated
                    15 Desember 2022;                                                 December 15, 2022;
               2.   Ruas      Jakarta    -     Tangerang,                       2.    Jakarta - Tangerang Toll Road,
                    berdasarkan                      PPJT                             according          to           PPJT
                    No. 247/PPJT/VII/Mn/2006 yang telah                               No. 247/PPJT/VII/Mn/2006 which was
                    diamendemen terakhir dengan Akta                                  lastly   amended     by   Deed      of
                    Amendemen II Nomor 06 tanggal                                     Amendment II Number 06 dated
                    8 Desember 2022;                                                  December 8, 2022;
               3.   Ruas      Surabaya      -     Gempol,                       3.    Surabaya - Gempol Toll Road,
                    berdasarkan                      PPJT                             according          to           PPJT
                    No. 248/PPJT/VII/Mn/2006 yang telah                               No. 248/PPJT/VII/Mn/2006 that has
                    diamendemen pertama kali pada                                     been amended for the first time on
                    11 November 2021 dan telah dialihkan                              November 11, 2021 and has been
                    kepada PT Jasamarga Transjawa Tol                                 transferred   to   PT     Jasamarga
                    sebagaimana dijelaskan pada bagian                                Transjawa Tol as explained in the next
                    selanjutnya;                                                      section;
               4.   Ruas      Jakarta     -     Cikampek,                       4.    Jakarta - Cikampek Toll Road,
                    berdasarkan                      PPJT                             according          to           PPJT
                    No. 249/PPJT/VII/Mn/2006 dan telah                                No. 249/PPJT/VII/Mn/2006 and has
                    dialihkan kepada PT Jasamarga                                     been transferred to PT Jasamarga
                    Transjawa       Tol     sebagaimana                               Transjawa Tol as explained in the next
                    dijelaskan pada bagian selanjutnya;                               section;
               5.   Ruas     Padalarang      -    Cileunyi,                     5.    Padalarang - Cileunyi Toll Road,
                    berdasarkan                      PPJT                             according          to           PPJT
                    No. 250/PPJT/VII/Mn/2006 yang telah                               No. 250/PPJT/VII/Mn/2006 which was
                    diamendemen terakhir dengan Akta                                  lastly   amended     by   Deed      of
                    Amendemen II Nomor 01 tanggal                                     Amendment II Number 01 dated
                    7 November 2022;                                                  November 7, 2022;




                                                              169
Page 1023
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)

45. PERJANJIAN DAN PERIKATAN PENTING                          45. SIGNIFICANT     AGREEMENTS                    AND
    (lanjutan)                                                    COMMITMENTS (continued)

    a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                 a. Toll Road Concession Agreements (PPJT)
         (lanjutan)                                                 (continued)

             6.   Ruas Prof. Dr. Ir. Sedyatmo,                          6.  Prof. Dr. Ir. Sedyatmo Toll Road,
                  berdasarkan                  PPJT                         according           to          PPJT
                  No. 251/PPJT/VII/Mn/2006 dengan                           No. 251/PPJT/VII/Mn/2006 which was
                  Akta Amendemen II Nomor 04 tanggal                        lastly   amended      by   Deed     of
                  8 Desember 2022;                                          Amendment II Number 04 dated
                                                                            December 8, 2022;
             7.  Ruas Cawang - Tomang - Pluit,                          7. Cawang - Tomang - Pluit Toll Road,
                 berdasarkan                    PPJT                        according           to          PPJT
                 No. 252/PPJT/VII/Mn/2006 yang telah                        No. 252/PPJT/VII/Mn/2006 which was
                 diamendemen terakhir dengan Akta                           lastly   amended      by   Deed     of
                 Amendemen II Nomor 02 tanggal                              Amendment II Number 02 dated
                 8 Desember 2022;                                           December 8, 2022;
             8. Ruas      Belawan    -    Medan     -                   8. Belawan - Medan - Tanjung Morawa
                 Tanjung        Morawa,         PPJT                        Toll Road. according to PPJT
                 No. 253/PPJT/VII/Mn/2006 yang telah                        No. 253/PPJT/VII/Mn/2006 which was
                 diamendemen terakhir dengan Akta                           lastly   amended      by   Deed     of
                 Amendemen II Nomor 03 tanggal                              Amendment II Number 03 dated
                 7 November 2022;                                           November 7, 2022;
             9. Ruas          Semarang          Seksi                   9. Semarang Toll Road, Sections A. B. C
                 A.    B.   C, berdasarkan PPJT                             according      to      PPJT        No.
                 No. 254/PPJT/VII/Mn/2006 yang telah                        254/PPJT/VII/Mn/2006 that has been
                 diamendemen pertama kali pada 11                           amended for the first time on
                 November 2021 dan telah dialihkan                          November 11, 2021 and has been
                 kepada PT Jasamarga Transjawa Tol                          transferred   to    PT    Jasamarga
                 sebagaimana dijelaskan pada bagian                         Transjawa Tol as explained in the next
                 selanjutnya;                                               section;
             10. Ruas Pondok Aren - Bintaro Viaduct -                   10. Pondok Aren - Bintaro Viaduct -
                 Ulujami,     berdasarkan       PPJT                        Ulujami Toll Road, according to PPJT
                 No. 255/PPJT/VII/Mn/2006 yang telah                        No. 255/PPJT/VII/Mn/2006 which was
                 diamendemen terakhir dengan Akta                           lastly   amended      by   Deed     of
                 Amendemen II Nomor 03 tanggal                              Amendment II Number 03 dated
                 8 Desember 2022;                                           December 8, 2022;
             11. Ruas Palimanan - Kanci, berdasarkan                    11. Palimanan - Kanci Toll Road,
                 PPJT No. 256/PPJT/VII/Mn/2006 yang                         according           to          PPJT
                 telah diamendemen pertama kali pada                        No. 256/PPJT/VII/Mn/2006 that has
                 11 November 2021 dan telah dialihkan                       been amended for the first time on
                 kepada PT Jasamarga Transjawa Tol                          November 11, 2021 and has been
                 sebagaimana dijelaskan pada bagian                         transferred   to    PT    Jasamarga
                 selanjutnya;                                               Transjawa Tol as explained in the next
                                                                            section;
             12. Ruas Lingkar Luar Jakarta (JORR)                       12. Jakarta Outer Ring Road (JORR) Toll
                 Ruas E1. E2. E3. W2, berdasarkan                           Road, Sections E1. E2. E3. W2,
                 PPJT No. 257/PPJT/VII/Mn/2006 yang                         according      to      PPJT        No.
                 telah diamendemen terakhir dengan                          257/PPJT/VII/Mn/2006 which was
                 Akta Amendemen III Nomor 05                                lastly   amended      by   Deed     of
                 tanggal 8 Desember 2022; dan                               Amendment III Number 05 dated
                                                                            December 8, 2022; and
             13. Ruas Cikampek - Padalarang,                            13. Cikampek - Padalarang Toll Road,
                 berdasarkan                 PPJT                           according           to          PPJT
                 No.258/PPJT/VII/Mn/2006 yang telah                         No. 258/PPJT/VII/Mn/2006 which was
                 diamendemen terakhir dengan Akta                           lastly   amended      by   Deed     of
                 Amendemen II Nomor 02 tanggal                              Amendment of II Number 02 dated
                 7 November 2022.                                           November 7, 2022.


                                                        170
Page 1024
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                              For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)

45. PERJANJIAN DAN PERIKATAN PENTING                           45. SIGNIFICANT     AGREEMENTS                     AND
    (lanjutan)                                                     COMMITMENTS (continued)

    a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                  a. Toll Road Concession Agreements (PPJT)
         (lanjutan)                                                  (continued)

             Pada tanggal 1 Juli 2022 Perusahaan                         On July 1, 2022, the Company will spin off
             melakukan pemisahan (spin off) Regional                     the Regional Transjawa Tollroad, to
             Transjawa       Tollroad,        kepada                     PT Jasamarga Transjawa Tol. The
             PT Jasamarga Transjawa Tol. Perusahaan                      Company transferred four segments of toll
             mengalihkan empat segmen ruas hak                           road concession rights (Concession
             pengusahaan jalan tol (Hak Konsesi) yang                    Rights) which include:
             meliputi:

             1.   Ruas     Jakarta    –     Cikampek,                    1.    Jakarta – Cikampek Toll Road as the
                  sebagaimana Akta Amendemen II                                Restatement Amendment II Deed
                  Pernyataan Kembali nomor 04 tanggal                          number 04 dated June 29, 2022 as last
                  29 Juni 2022 sebagaimana terakhir                            amended by Amendment III Deed
                  diubah dengan Akta Amendemen III                             number 25 dated January 17, 2023;
                  nomor 25 tanggal 17 Januari 2023;
             2.   Ruas      Palimanan     –     Kanci                    2.    Palimanan – Kanci Toll Road as the
                  sebagaimana Akta Amendemen II                                Restatement Amendment II Deed
                  Pernyataan Kembali nomor 05 tanggal                          number 05 dated June 29, 2022 as last
                  29 Juni 2022 sebagaimana terakhir                            amended by Amendment III Deed
                  diubah dengan Akta Amendemen III                             number 26 dated January 17, 2023;
                  nomor 26 tanggal 17 Januari 2023;
             3.   Ruas Semarang Seksi A, B, C                            3.    Semarang Seksi A, B, C, Toll Road as
                  sebagaimana Akta Amendemen II                                the Restatement Amendment II Deed
                  Pernyataan Kembali nomor 06 tanggal                          number 06 dated June 29, 2022 as last
                  29 Juni 2022 sebagaimana terakhir                            amended by Amendment III Deed
                  diubah dengan Akta Amendemen III                             number 24 dated January 17, 2023;
                  nomor 24 tanggal 17 Januari 2023;                            and
                  dan
             4.   Ruas     Surabaya     –      Gempol                   4.     Surabaya – Gempol Toll Road as the
                  sebagaimana Akta Amendemen II                                Restatement Amendment II Deed
                  Pernyataan Kembali nomor 07 tanggal                          number 07 dated June 29, 2022 as last
                  29 Juni 2022 sebagaimana terakhir                            amended by Amendment III Deed
                  diubah dengan Akta Amendemen III                             number 23 dated January 17, 2023.
                  nomor 23 tanggal 17 Januari 2023.

             Sehubungan dengan perolehan Hak                             In connection with the aforementioned
             Konsesi dimaksud, Perusahaan diwajibkan                     Concession Rights, the Company is
             membentuk jaminan pemeliharaan dengan                       required to establish a       maintenance
             nilai sekurang-kurangnya 10% (sepuluh                       guarantee with a value of not less than
             persen) dari realisasi pendapatan tol dan                   10% (ten percent) of the actual toll revenue
             pendapatan usaha lain yang diterima pada                    and revenue obtained from other
             atau sebelum tahun terakhir masa konsesi                    businesses on or before the last year of the
             dimana besarannya berdasarkan laporan                       concession period whereby such amount is
             keuangan tahunan terakhir yang tersedia                     calculated based on the latest audited
             dan telah diaudit. Jaminan pemeliharaan                     annual     financial   statements.       The
             tersebut diserahkan kepada Pemerintah                       aforementioned maintenance guarantee
             dalam waktu 6 (enam) bulan sebelum                          shall be given to the Government within 6
             masa konsesi berakhir dan jaminan                           (six) months before the expiration of
             pemeliharaan ini tetap berlaku sampai                       concession period and shall continue for
             dengan 12 (dua belas) bulan setelah                         the successive 12 (twelve) months
             berakhirnya masa konsesi.                                   following the expiration of concession
                                                                         period.




                                                         171
Page 1025
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

45. PERJANJIAN DAN PERIKATAN PENTING                              45. SIGNIFICANT     AGREEMENTS                     AND
    (lanjutan)                                                        COMMITMENTS (continued)

    a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                     a. Toll Road Concession Agreements (PPJT)
         (lanjutan)                                                     (continued)

         (ii) Perjanjian Investasi Jalan Tol                            (ii) Toll Road Investment Agreement

            1.   Ruas Bogor Outer Ring Road                                1.   Bogor Outer Ring Road

                 PT Marga Sarana Jabar (MSJ) dan                                PT Marga Sarana Jabar (MSJ) and the
                 Pemerintah telah menandatangani Akta                           Government have signed the Toll Road
                 Perjanjian Pengusahaan Jalan Tol No.                           Concession Agreement No. 4 dated
                 4 tanggal 8 Agustus 2011 yang terakhir                         August 8, 2011 which was last
                 diubah dengan Amendemen XI                                     amended by Amendment XI of Toll
                 sebagaimana tercantum dalam Akta                               Road Concession Agreement Deed No.
                 No. 01 tanggal 3 Januari 2023 dibuat di                        01 dated January 3, 2023 in front of
                 hadapan Rina Utami Djauhari, S.H.,                             Rina Utami Djauhari, S.H., Notary in
                 Notaris di Jakarta.                                            Jakarta.

                 Pada tanggal 31 Desember 2023 dan                              As of December 31, 2023 and
                 31 Desember 2022, Perusahaan                                   December 31, 2022, the Company’s
                 memiliki penyertaan saham di MSJ                               has a 55% shareholding in MSJ each.
                 sebesar 55%.

            2.   Ruas Tol Gempol - Pasuruan                                2.   Gempol - Pasuruan Toll Road

                 PT Jasamarga Gempol Pasuruan                                   PT Jasamarga Gempol Pasuruan (JGP)
                 (JGP)      dan      Pemerintah    telah                        and the Government have signed the
                 menandatangani        Akta   Perjanjian                        Deed of Concession Agreement for Toll
                 Pengusahaan Jalan Tol No. 5 tanggal                            Road No. 5 dated June 7, 2011, the
                 7 Juni 2011 yang terakhir diubah                               latest amended by Amendment XI of
                 dengan Amendemen XI Perjanjian                                 Toll Road Concession No. 03 dated
                 Pengusahaan            Jalan        Tol                        January 9, 2023 made in front of Rina
                 No. 03 tanggal 9 Januari 2023 dibuat di                        Utami Djauhari, S.H., Notary in Jakarta.
                 hadapan Rina Utami Djauhari, S.H.,
                 Notaris di Jakarta.

                 Pada tanggal 1 Juli 2022, Perusahaan                           As of July 1, 2022, the Company has
                 telah mengalihkan saham di JGP                                 transferred its 99.35% stake in JGP to
                 sebesar 99,35% kepada JTT.                                     JTT.

            3.   Ruas Tol Semarang - Solo                                  3.   Semarang - Solo Toll Road

                 PT Trans Marga Jateng (TMJ) dan                                PT Trans Marga Jateng (TMJ) and the
                 Pemerintah telah menandatangani Akta                           Government have signed the Toll Road
                 Perjanjian Pengusahaan Jalan Tol No.                           Concession Agreement No. 10 dated
                 10 tanggal 30 Maret 2012 yang terakhir                         March 30, 2012 which was last
                 diubah     dengan    Amendemen       XI                        amended by Amendment XI of Toll
                 Perjanjian Pengusahaan Jalan Tol                               Road Concession Agreement No. 5
                 No. 5 tanggal 10 Februari 2020 dibuat di                       dated February 10, 2020 in front of Rina
                 hadapan Rina Utami Djauhari, S.H.,                             Utami Djauhari, S.H., Notary in Jakarta.
                 Notaris di Jakarta.

                 Pada tanggal 1 Juli 2022, Perusahaan                           As of July 1, 2022, the Company has
                 telah mengalihkan saham di TMJ                                 transferred its 50.91% stake in TMJ to
                 sebesar 50,91% kepada JTT.                                     JTT.




                                                            172
Page 1026
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                      AND
    (lanjutan)                                                         COMMITMENTS (continued)

    a.   Perjanjian Pengusahaan Jalan Tol (PPJT)                     a.   Toll Road Concession Agreements (PPJT)
         (lanjutan)                                                       (continued)

            4.   Ruas Tol Cengkareng - Kunciran                              4.   Cengkareng - Kunciran Toll Road

                 PT Jasamarga Kunciran Cengkareng                                 PT Jasamarga Kunciran Cengkareng
                 (JKC)     dan     Pemerintah        telah                        (JKC) and the Government have signed
                 menandatangani       Akta     Perjanjian                         Deed of Toll Road Concession
                 Pengusahaan Jalan Tol No. 6 tanggal                              Agreement No. 6 dated June 7, 2011
                 7 Juni 2011 yang terakhir diubah                                 which    was     last    amended   by
                 dengan Amendemen XII Perjanjian                                  Amendment XII of Toll Road
                 Pengusahaan Jalan Tol No. 02 tanggal                             Concession Agreement No. 02 dated
                 17 Juli 2023 dibuat di hadapan Rina                              July 17, 2023 in front of Rina Utami
                 Utami Djauhari, S.H., Notaris di Jakarta.                        Djauhari, S.H., Notary in Jakarta.

                 Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the
                 Perusahaan    memiliki   penyertaan                              Company’s owns JKC amounting to
                 saham di JKC sebesar 78,53%.                                     78.53%.

            5.   Ruas Tol Kunciran - Serpong                                 5.   Kunciran - Serpong Toll Road

                 PT Marga Trans Nusantara (MTN) dan                               PT Marga Trans Nusantara (MTN) and
                 Pemerintah telah menandatangani Akta                             the Government have stipulated the Toll
                 Perjanjian Pengusahaan Jalan Tol                                 Road Concession Agreement Deed No.
                 No. 7 tanggal 7 Juni 2011 yang terakhir                          7 dated June 7, 2011 which was last
                 diubah dengan Amendemen XII                                      amended by Amendment XII of the Toll
                 Perjanjian Pengusahaan Jalan Tol No.                             Road Concession Agreement No. 25
                 25 tanggal 26 Desember 2022 dibuat di                            dated December 26, 2022 in front of
                 hadapan Rina Utami Djauhari, S.H.,                               Rina Utami Djauhari, S.H., Notary in
                 Notaris di Jakarta.                                              Jakarta.

                 Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the
                 Perusahaan    memiliki  penyertaan                               Company’s owns MTN amounting to
                 saham di MTN sebesar 60%.                                        60%.

            6.   Ruas Tol JORR seksi W2 Utara                                6.   JORR Toll Road section W2 North

                 PT Marga Lingkar Jakarta (MLJ) dan                               PT Marga Lingkar Jakarta (MLJ) and
                 Pemerintah telah menandatangani Akta                             the Government have signed the Toll
                 Perjanjian Pengusahaan Jalan Tol No.                             Road Concession Agreement No. 3
                 3 tanggal 7 Juni 2011 yang terakhir                              dated June 7, 2011 which was last
                 diubah     dengan   Amendemen      V                             amended by Amendment V of Toll Road
                 Perjanjian Pengusahaan Jalan Tol No.                             Concession Agreement No. 02 January
                 02 tanggal 6 Januari 2023 dibuat di                              6, 2023 in front of Rina Utami Djauhari,
                 hadapan Rina Utami Djauhari, S.H.,                               S.H., Notary in Jakarta.
                 Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the Company
                 Perusahaan    memiliki  penyertaan                               owns MLJ Shares amounting to 51%.
                 saham di MLJ sebesar 51%.




                                                             173
Page 1027
PT JASA MARGA (PERSERO) Tbk                                                        PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

45. PERJANJIAN         DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                      AND
    (lanjutan)                                                          COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                       a.   Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                         (continued)

            7.   Ruas Tol Medan - Kualanamu -                                 7.   Medan - Kualanamu - Tebing Tinggi
                 Tebing Tinggi                                                     Toll Road

                  PT Jasamarga Kualanamu Tol (JMKT)                                PT Jasamarga Kualanamu Tol (JMKT)
                  dan Pemerintah telah menandatangani                              and the Government has signed Toll
                  Akta Perjanjian Pengusahaan Jalan Tol                            Road Concession Agreement No. 1
                  No. 1 tanggal 5 Januari 2015 yang                                dated January 5, 2015 which was last
                  terakhir diubah dengan Amendemen IX                              amended by Amendment IX of Toll
                  Perjanjian Pengusahaan Jalan Tol                                 Road Concession Medan-Kualanamu-
                  Ruas Jalan Tol Medan-Kualanamu-                                  Tebing Tinggi Toll Road Agreement No.
                  Tebing Tinggi No. 02 tanggal                                     02 February 7, 2023 in front of Rina
                  7 Februari 2023 dibuat di hadapan Rina                           Utami Djauhari, S.H., Notary in Jakarta.
                  Utami Djauhari, S.H., Notaris di Jakarta.

                  Pada tanggal 31 Desember 2023,                                   As of December         31, 2023, the
                  Perusahaan   memiliki   penyertaan                               Company      owns      JMKT   Shares
                  saham pada JMKT sebesar 55%.                                     amounting to 55%.

            8.   Ruas Tol Solo - Mantingan - Ngawi                            8.   Solo - Mantingan - Ngawi Toll Road

                  PT Jasamarga Solo Ngawi (JSN) dan                                PT Jasamarga Solo Ngawi (JSN) and
                  Pemerintah telah menandatangani Akta                             the Government have signed the Toll
                  Perjanjian Pengusahaan Jalan Tol No.                             Road Concession Agreement Deed No.
                  18 tanggal 28 Juni 2011 yang terakhir                            18 dated June 28, 2011 which was last
                  diubah dengan Amendemen XI                                       amended by Amendment XI of the Toll
                  Perjanjian Pengusahaan Jalan Tol No.                             Road Concession Agreement No. 09
                  09 tanggal 23 November 2022 dibuat di                            dated November 23, 2022 in front of
                  hadapan Rina Utami Djauhari, S.H.,                               Rina Utami Djauhari, S.H., Notary in
                  Notaris di Jakarta.                                              Jakarta.

                  Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the
                  Perusahaan     memiliki   penyertaan                             Company has an indirect share
                  saham secara tidak langsung pada JSN                             participation in JSN through JTT of
                  melalui JTT sebesar 60%.                                         60%.

            9. Ruas Tol Ngawi - Kertosono                                     9.   Ngawi - Kertosono Toll Road

                 PT Jasamarga Ngawi Kertosono Kediri                               PT Jasamarga Ngawi Kertosono Kediri
                 (JNK)      dan      Pemerintah      telah                         (JNK) and the Government have signed
                 menandatangani        Akta     Perjanjian                         the Toll Road Concession Agreement
                 Pengusahaan       Jalan    Tol   tanggal                          Deed dated June 28, 2011 which was
                 28 Juni 2011 yang terakhir diubah                                 last amended by Amendment XI Toll
                 dengan Amendemen XI Perjanjian                                    Road Concession Agreement number
                 Pengusahaan Jalan Tol nomor 08                                    08 dated November 23, 2022 in front of
                 tanggal 23 November 2022 dibuat di                                Rina Utami Djauhari, S.H., Notary in
                 hadapan Rina Utami Djauhari, S.H.,                                Jakarta
                 Notaris di Jakarta.




                                                              174
Page 1028
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                      AND
    (lanjutan)                                                         COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                      a.   Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                        (continued)

            9. Ruas Tol Ngawi - Kertosono (lanjutan)                         9.   Ngawi - Kertosono           Toll    Road
                                                                                  (continued)

                 Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the
                 Perusahaan     memiliki   penyertaan                             Company has an indirect share
                 saham secara tidak langsung pada JNK                             participation in JNK through JTT of
                 melalui JTT sebesar 60%.                                         60%.

            10. Ruas Tol Serpong - Cinere                                    10. Serpong - Cinere Toll Road

                 PT Cinere Serpong Jaya (CSJ) dan                                 PT Cinere Serpong Jaya (CSJ) and the
                 Pemerintah telah menandatangani Akta                             Government have signed the Toll Road
                 Perjanjian Pengusahaan Jalan Tol                                 Concession Agreement No. 20 dated
                 No. 20 tanggal 28 Juni 2011 yang                                 June 28, 2011 the latest amended by
                 terakhir diubah dengan Amendemen X                               Amendment X of Toll Road Concession
                 berdasarkan Akta No. 16 tanggal                                  Agreement No. 16 dated January 10,
                 10 Januari 2023 dibuat di hadapan Rina                           2023 in front of Rina Utami Djauhari,
                 Utami Djauhari, S.H., Notaris di Jakarta.                        S.H., Notary in Jakarta.

                 Pada tanggal 31 Desember 2023,                                   As of December 31, 2023, the
                 Perusahaan   memiliki   penyertaan                               Company owns 55% of CSJ shares.
                 saham dalam CSJ sebesar 55%.

            11. Ruas Tol Gempol - Pandaan                                    11. Gempol – Pandaan Toll Road

                 PT Jasamarga Pandaan Tol (JPT) dan                               PT Jasamarga Pandaan Tol (JPT) and
                 Pemerintah telah menandatangani Akta                             the Government have signed the Deed
                 Perjanjian Pengusahaan Jalan Tol                                 of Concession Agreement for Toll Road
                 No. 4 tanggal 7 Juni 2011 yang terakhir                          No. 4 dated June 7, 2011, the latest
                 diubah     dengan    Amendemen      III                          amended by Amendment III of Toll
                 Perjanjian Pengusahaan Jalan Tol                                 Road Concession No. 18 dated January
                 No. 18 tanggal 10 Januari 2023 dibuat                            10, 2023 in front of Rina Utami Djauhari,
                 di hadapan Rina Utami Djauhari, S.H.,                            S.H., Notary in Jakarta.
                 Notaris di Jakarta.

                 Pada tanggal 1 Juli 2022, perusahaan                             As of July 1, 2022, the Company has
                 telah mengalihkan kepemilikan saham                              transferred its 40% stake in JPT to JTT.
                 di JPT sebesar 40% kepada JTT.

            12. Ruas Tol Nusa Dua - Tanjung Benoa                            12. Nusa Dua - Tanjung Benoa Toll Road

                 PT Jasamarga Bali Tol (JBT) dan                                  PT Jasamarga Bali Tol (JBT) and the
                 Pemerintah telah menandatangani Akta                             Government have approved the Toll
                 Perjanjian Pengusahaan Jalan Tol                                 Road Concession Agreement Deed No.
                 No. 10 tanggal 16 Desember 2011                                  10 dated December 16, 2011 of Rina
                 dibuat dihadapan Rina Utami Djauhari,                            Utami Djauhari, S.H., notary in Jakarta
                 S.H., notaris di Jakarta yang terakhir                           as last amended by Amendment II of
                 diubah     dengan     Amendemen     II                           Toll Road Concession No. 11 dated
                 Perjanjian Pengusahaan Jalan Tol                                 December 19, 2023 in front of Rina
                 No. 11 tanggal 19 Desember 2023                                  Utami Djauhari, S.H., Notary in Jakarta.
                 dibuat di hadapan Rina Utami Djauhari,
                 S.H., Notaris di Jakarta



                                                             175
Page 1029
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                     AND
    (lanjutan)                                                         COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                      a.   Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                        (continued)

            12. Ruas Tol Nusa Dua - Tanjung Benoa                            12. Nusa Dua - Tanjung Benoa Toll Road
                (lanjutan)                                                       (continued)

                 Pada tanggal 31 Desember 2023,                                  As of December 31, 2023, the
                 perusahaan kepemilikan saham di JBT                             Company has 64.44% stake in JBT.
                 sebesar 64,44%.

            13. Ruas Tol Surabaya - Mojokerto                                13. Surabaya - Mojokerto Toll Road

                 PT Jasamarga Surabaya Mojokerto                                 PT Jasamarga Surabaya Mojokerto
                 (JSM)      dan     Pemerintah    telah                          (JSM) and the Government have signed
                 menandatangani       Akta   Perjanjian                          the Toll Road Concession Agreement
                 Pengusahaan Jalan Tol No. 2 tanggal                             Deed No. 2 dated June 7, 2011 the
                 7 Juni 2011 yang terakhir diubah                                latest amended by Amendment XI
                 dengan Amendemen XI berdasarkan                                 based on Deed No. 08 dated February
                 Akta No. 08 tanggal 9 Februari 2023                             9, 2023 in front of Rina Utami Djauhari,
                 dibuat di hadapan Rina Utami Djauhari,                          S.H., Notary in Jakarta.
                 S.H., Notaris di Jakarta.

                 Pada tanggal 1 Juli 2022, Perusahaan                            As of July 1, 2022, the Company has
                 telah mengalihkan kepemilikan saham                             transferred its 55.51% stake in JSM to
                 sebesar 55,51% di JSM kepada JTT.                               JTT.

            14. Ruas Tol Semarang - Batang                                   14. Semarang - Batang Toll Road

                 PT Jasamarga Semarang Batang (JSB)                              PT Jasamarga Semarang Batang (JSB)
                 dan Pemerintah telah menandatangani                             and the Government have signed the
                 Akta Perjanjian Pengusahaan Jalan Tol                           Toll Road Concession Agreement Deed
                 tanggal 27 April 2016 yang terakhir                             dated April 27, 2016 which was last
                 diubah dengan Amendemen IX                                      amended by Amendment IX based on
                 Perjanjian Pengusahaan Jalan Tol                                the Deed No 02 dated March 13, 2023
                 berdasarkan Akta No. 02 tanggal                                 in front of Rina Utami Djauhari, S.H.,
                 13 Maret 2023 dibuat di hadapan Rina                            Notary in Jakarta.
                 Utami Djauhari, S.H., Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023,                                  As of December 31, 2023, the
                 Perusahaan     memiliki   penyertaan                            Company has an indirect share
                 saham secara tidak langsung pada JSB                            participation in JSB through JTT of
                 melalui JTT sebesar 60%.                                        60%.

            15. Ruas Tol Manado - Bitung                                     15. Manado - Bitung Toll Road

                 PT Jasamarga Manado Bitung (JMB)                               PT Jasamarga Manado Bitung (JMB)
                 dan Pemerintah telah menandatangani                            and the Government have signed a
                 Akta Perjanjian Pengusahaan Jalan Tol                          Deed of Agreement on Toll Road
                 tanggal 9 Juni 2016, yang terakhir                             Concession dated June 9, 2016, which
                 diubah dengan Amendemen VI                                     was last amended by Amendment VI
                 berdasarkan Akta nomor 09 tanggal                              based on Deed number 09 dated March
                 31 Maret 2023 dibuat di hadapan Rina                           31, 2023 in front of Rina Utami Djauhari,
                 Utami Djauhari, S.H., Notaris di Jakarta.                      S.H., Notary in Jakarta.




                                                             176
Page 1030
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                     AND
    (lanjutan)                                                         COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                      a.   Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                        (continued)

            15. Ruas Tol Manado - Bitung (lanjutan)                          15. Manado -        Bitung      Toll    Road
                                                                                 (continued)

                 Pada tanggal 31 Desember 2023,                                  As of December 31, 2023, the Company
                 Perusahaan   memiliki   penyertaan                              owns 64.97% of shares of JMB.
                 saham pada JMB sebesar 64,97%.

            16. Ruas Tol Balikpapan - Samarinda                              16. Balikpapan - Samarinda Toll Road

                 PT Jasamarga Balikpapan Samarinda                              PT Jasamarga Balikpapan Samarinda
                 (JBS)      dan     Pemerintah    telah                         (JBS) and the Government have signed
                 menandatangani       Akta   Perjanjian                         Deed of Agreement on Toll Road
                 Pengusahaan Jalan Tol No. 3 tanggal                            Concession No. 3 dated June 9, 2016
                 9 Juni 2016 yang terakhir diubah                               which was last amended by Amendment
                 dengan Amendemen V berdasarkan                                 V based on Deed No. 10 dated February
                 Akta No. 10 tanggal 10 Februari 2023                           10, 2023 in front of Rina Utami Djauhari,
                 dibuat di hadapan Rina Utami Djauhari,                         S.H., Notary in Jakarta.
                 S.H., Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023, porsi                            As of December 31, 2023, portion of the
                 Perusahaan pada JBS adalah 67,39%.                              Company’s ownership in JBS is
                                                                                 67.39%.

            17. Ruas Tol Pandaan - Malang                                    17. Pandaan - Malang Toll Road

                 PT Jasamarga Pandaan Malang (JPM)                              PT Jasamarga Pandaan Malang (JPM)
                 dan Pemerintah telah menandatangani                            and the Government have signed the
                 Akta Perjanjian Pengusahaan Jalan Tol                          Toll Road Concession Agreement Deed
                 No. 4 tanggal 9 Juni 2016 yang terakhir                        No. 4 dated June 9, 2016 which was last
                 diubah dengan Amendemen VI                                     amended by Amendment VI based on
                 berdasarkan Akta No. 05 tanggal                                the Deed No. 05 dated October 7, 2022
                 7 Oktober 2022 dibuat di hadapan Rina                          in front of Rina Utami Djauhari, S.H.,
                 Utami Djauhari, S.H., Notaris di Jakarta.                      Notary in Jakarta.

                 Pada tanggal 1 Juli 2022, Perusahaan                            As of July 1, 2022, the Company has
                 telah   mengalihkan       kepemilikan                           transferred its 51% stake in JPM to JTT.
                 sahamnya pada JPM sebesar 51%
                 kepada JTT.

            18. Ruas Tol Jakarta - Cikampek II                               18. Jakarta - Cikampek II Elevated Toll
                Elevated                                                         Road

                 PT Jasamarga Jalanlayang Cikampek                               PT Jasamarga Jalanlayang Cikampek
                 (JJC)    dan     Pemerintah     telah                           (JJC) and the Government have signed
                 menandatangani     Akta    Perjanjian                           the Toll Road Concession Agreement
                 Pengusahaan Jalan Tol No. 4 tanggal                             Deed No. 4 dated December 5, 2016 of
                  5 Desember 2016 dibuat dihadapan                               Rina Utami Djauhari, S.H., Notary in
                 Rina Utami Djauhari, S.H., Notaris di                           Jakarta    as   last   amended      by
                 Jakarta yang terakhir diubah dengan                             Amendment II of Toll Road Concession
                 Amendemen         II       Perjanjian                           No. 39 dated January 27, 2023 in front
                 Pengusahaan Jalan Tol No. 39 tanggal                            of Rina Utami Djauhari, S.H., Notary in
                 27 Januari 2023 dibuat di hadapan                               Jakarta.
                 Rina Utami Djauhari, S.H., Notaris di
                 Jakarta.

                                                             177
Page 1031
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                   AND
    (lanjutan)                                                         COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                      a. Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                      (continued)

            18. Ruas Tol Jakarta - Cikampek II                             18. Jakarta - Cikampek II Elevated Toll
                Elevated (lanjutan)                                            Road (continued)

                 Pada tanggal 1 Juli 2022, Perusahaan                         On July 1, 2022, the Company has
                 telah mengalihkan saham di JJC                               transferred 40% of its shares in JJC to
                 sebesar 40% kepada PT Jasamarga                              PT     Jasamarga        Transjawa    Tol.
                 Transjawa        Tol.      Selanjutnya,                      Furthermore, based on the Deed of
                 berdasarkan Akta Jual Beli tanggal                           Sale      and        Purchase      dated
                 10 Oktober 2022 nomor 01 dibuat di                           October 10, 2022 number 01 drawn up
                 hadapan Titik Krisna Murti Wikaningsih                       before Titik Krisna Murti Wikaningsih
                 Hastuti, S.H., M.Kn., Perusahaan telah                       Hastuti, S.H., M.Kn., the Company has
                 mengalihkan keseluruhan kepemilikan                          transferred its entire share ownership in
                 saham di JJC yaitu sebesar 40%                               JJC of 40% to PT Margautama
                 kepada PT Margautama Nusantara.                              Nusantara. The Company has indirect
                 Perusahaan memiliki kepemilikan tidak                        ownership through JTT by 40%.
                 langsung melalui JTT sebesar 40%.

            19. Ruas Tol Jakarta - Cikampek II Sisi                        19. Jakarta - Cikampek II South Side
                Selatan        (Jatiasih-Cipularang-                           (Jatiasih-Cipularang-Sadang) Toll
                Sadang)                                                        Road

                 PT Jasamarga Japek Selatan (JJS) dan                          PT Jasamarga Japek Selatan (JJS) and
                 Pemerintah telah menandatangani Akta                          the Government have signed the Toll
                 Perjanjian Pengusahaan Jalan Tol                              Road Concession Agreement Deed
                 No. 7 tanggal 29 Desember 2017 yang                           No. 7 dated December 29, 2017 which
                 terakhir diubah dengan Amendemen IV                           was last amended by Amendment IV
                 berdasarkan Akta No. 10 tanggal                               based on Deed No. 10 dated November
                 23 November 2022 yang dibuat di                               23, 2022 in front of Rina Utami Djauhari,
                 hadapan Rina Utami Djauhari, S.H.,                            S.H., Notary in Jakarta.
                 Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023, porsi                          As of December 31, 2023, portion of the
                 kepemilikan Perusahaan pada JJS                               Company’s ownership in JJS is
                 adalah sebesar 90,97%.                                        90.97%.

            20. Ruas Tol Probolinggo-Banyuwangi                            20. Probolinggo-Banyuwangi Toll Road

                 PT        Jasamarga          Probolinggo                      PT        Jasamarga         Probolinggo
                 Banyuwangi (JPB) dan Pemerintah                               Banyuwangi (JPB) and the Government
                 telah menandatangani Akta Perjanjian                          have signed the Toll Road Concession
                 Pengusahaan Jalan Tol No. 8 tanggal                           Agreement Deed No. 8 dated
                 29 Desember 2017 dibuat di hadapan                            December 29, 2017 of Rina Utami
                 Rina Utami Djauhari, S.H., Notaris di                         Djauhari, S.H., Notary in Jakarta as last
                 Jakarta yang terakhir diubah dengan                           amended by Amendment II of Toll Road
                 Akta    Amendemen         II   Perjanjian                     Concession       No.       32      dated
                 Pengusahaan            Jalan          Tol                     January 24, 2023 in front of Rina Utami
                 nomor 32 tanggal 24 Januari 2023                              Djauhari, S.H., Notary in Jakarta.
                 dibuat di hadapan Rina Utami Djauhari,
                 S.H., Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023, porsi                          As of December 31, 2023,               the
                 kepemilikan saham Perusahaan adalah                           Company’s ownership is 94.93%.
                 sebesar 94,93%.




                                                             178
Page 1032
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

45. PERJANJIAN        DAN      PERIKATAN      PENTING            45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                       COMMITMENTS (continued)

     a. Perjanjian Pengusahaan Jalan Tol (PPJT)                    a. Toll Road Concession Agreements (PPJT)
        (lanjutan)                                                    (continued)

            21. Ruas Tol Jogja-Bawen                                        21. Jogja-Bawen Toll Road

                 PT Jasamarga Jogja Bawen (JJB) dan                              PT Jasamarga Jogja Bawen (JJB) and
                 Pemerintah telah menandatangani Akta                            the Government have signed the Toll
                 Perjanjian Pengusahaan Jalan Tol                                Road Concession Agreement Deed
                 tanggal 13 November 2020 yang                                   dated November 13, 2020 which was
                 terakhir diubah dengan Amendemen II                             last amended by Amendment II no. 5
                 no. 5 tanggal 16 November 2022 yang                             dated November 16, 2022 in front of
                 dibuat di hadapan Rina Utami Djauhari,                          Rina Utami Djauhari, S.H., Notary in
                 S.H., Notaris di Jakarta.                                       Jakarta.

                 Pada tanggal 31 Desember 2023, porsi                            As of December 31, 2023,               the
                 kepemilikan saham Perusahaan adalah                             Company’s ownership is 60%.
                 sebesar 60%.

            22. Ruas Tol Akses Patimban                                     22. Patimban Access Toll Road

                 PT Jasamarga Akses Patimban (JAP)                               PT Jasamarga Akses Patimban (JAP)
                 dan Pemerintah telah menandatangani                             and the Government have signed the
                 Akta Perjanjian Pengusahaan Jalan Tol                           Toll Road Concession Agreement Deed
                 tanggal 24 Januari 2023 yang yang                               dated January 24, 2023 of Rina Utami
                 dibuat di hadapan Rina Utami Djauhari,                          Djauhari, S.H., Notary in Jakarta.
                 S.H., Notaris di Jakarta.

                 Pada tanggal 31 Desember 2023, porsi                            As of December 31, 2023,               the
                 kepemilikan saham Perusahaan adalah                             Company’s ownership is 55%.
                 sebesar 55%.

     b. Perjanjian Penggunaan Dana Bergulir                         b.   Agreement    of    Fund   Facility     for
        Pembelian Tanah untuk Jalan Tol dengan                           Reimbursement of Land Acquisition for Toll
        Badan Layanan Umum - Badan Pengatur                              Road with BLU - BPJT
        Jalan Tol (BLU - BPJT)

         Kelompok Usaha memiliki perjanjian dengan                       The Group has agreements with the BLU -
         BLU - BPJT mengenai penggunaan dana                             BPJT concerning the usage of fund for
         bergulir untuk penggantian pembelian tanah                      reimbursement of land acquisition cost of toll
         dalam rangka pengusahaan ruas jalan tol                         roads as follows (Note 26):
         sebagai berikut (Catatan 26):

                                                  2023                   2022
         Entitas Anak:                                                                                        Subsidiaries:
           PT Jasamarga Kunciran Cengkareng            750.226               765.536   PT Jasamarga Kunciran Cengkareng
           PT Marga Trans Nusantara                    548.618               645.433           PT Marga Trans Nusantara
           PT Jasamarga Surabaya Mojokerto             142.058               177.573    PT Jasamarga Surabaya Mojokerto
         Total                                       1.549.910             1.697.550                                 Total




                                                          179
Page 1033
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                         COMMITMENTS (continued)

     b. Perjanjian Penggunaan Dana Bergulir                           b.   Agreement    of   Fund      Facility   for
        Pembelian Tanah untuk Jalan Tol dengan                             Reimbursement of Land Acquisition for Toll
        Badan Layanan Umum - Badan Pengatur                                Road with BLU – BPJT (continued)
        Jalan Tol (BLU - BPJT) (lanjutan)

         Tata cara penggunaan dana bergulir pada                           The procedure using of pre-fund at BLU-BPJT
         BLU-BPJT untuk pengadaan tanah jalan tol                          for toll road land acquisition is based on the
         diatur     dalam   Peraturan   Menteri   PU                       Decree of Public Works No. 4/PRT/M/2007
         No. 4/PRT/M/2007, tanggal 26 Februari 2007.                       dated February 26, 2007. BLU-BPJT will
         BLU-BPJT akan melaksanakan pembayaran                             conduct the payment firstly, for acquisition land
         terlebih dahulu (dana talangan), untuk                            for toll road construction, which represents the
         pembelian tanah untuk pembangunan ruas                            Group obligation to the Government, according
         jalan tol yang merupakan kewajiban Kelompok                       to concession rights agreement (PPJT). In case
         Usaha kepada Pemerintah sebagaimana diatur                        one section has been completed, the Group
         dalam PPJT. Dalam hal 1 (satu) seksi selesai                      should transfer all land acquisition costs
         dibebaskan,      Kelompok    Usaha     harus                      including interest to BLU-BPJT account and
         mentransfer seluruh biaya ganti rugi tanah                        BLU-BPJT should provide of Land Hand Over
         termasuk bunga ke Rekening BLU-BPJT dan                           Report to the entity.
         BLU-BPJT membuat Berita Acara Serah
         Terima Tanah kepada entitas.

         Dalam hal Perjanjian Pengusahaan Ruas Jalan                       After the transfer of the Company's rights under
         Tol untuk ruas jalan tol dialihkan kepada Entitas                 the Concession to its Subsidiaries, the
         Anak dari Perusahaan, maka hak dan                                Company's rights and obligations in the BLU
         kewajiban Perusahaan dalam Perjanjian                             Fund Usage Agreement will be transferred to its
         Penggunaan Dana BLU ini akan dialihkan                            Subsidiaries.
         kepada Entitas Anak.

         Menunjuk Peraturan Menteri Pekerjaan Umum                         Referring to the Decree of the Minister of Public
         No.14/PRT/M/2008    tentang    tata   cara                        Works No.14/PRT/M/2008 regarding the
         penggunaaan dana bergulir pada Badan                              procedure for pre-fund usage at Public Service
         Layanan Umum - Badan Pengatur Jalan Tol                           Assistance Unit ("Badan Layanan Umum
         untuk pengadaan tanah jalan tol diatur                            /BLU”) for land acquisition of toll road which
         penghapusan surety bond (jaminan) dalam                           stipulated the cancellation of surety bond on
         perjanjian Penggunaan Dana Bergulir BLU,                          pre-fund usage agreement of BLU, and as a
         maka sebagai pengganti jaminan atas                               replacement of guarantee on the prepayment of
         pengembalian dana bergulir ini akan                               pre-fund the cross default will be applied on
         diberlakukan cross default PPJT apabila                           PPJT if the Company failed to repay such pre-
         Perusahaan gagal membayar dana bergulir                           fund to BLU.
         BLU.

         Berdasarkan Keputusan Menteri Pekerjaan                           Based on the Decree of the Minister of Public
         Umum dan Perumahan Rakyat nomor:                                  Works      and    Public    Housing    number:
         822/KPTS/M/2021 (Kepmen 822/2021), bahwa                          822/KPTS/M/2021 (Kepmen 822/2021), dated
         terhitung sejak tanggal 18 April 2019, Badan                      April 18, 2019, the Public Service Agency (BLU)
         Layanan Umum (BLU) Bidang Pendanaan dan                           for Funding and the Secretariat of Toll Road
         Sekretariat Pengatur Jalan Tol Kementerian                        Regulatory Affairs of the Ministry of Public
         Pekerjaan Umum dan Perumahan Rakyat                               Works and Housing The people were closed
         ditutup dan untuk selanjutnya Satuan Kerja                        and henceforth the Secretariat Work Unit of the
         Sekretariat Badan Pengatur Jalan Tol                              Toll Road Regulatory Agency of the Ministry of
         Kementerian Pekerjaan Umum dan Perumahan                          Public Works and Public Housing was given the
         Rakyat diberi wewenang untuk menyelesaikan                        authority to resolve problems with revolving
         permasalahan layanan dana bergulir.                               fund services.




                                                             180
Page 1034
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN       PENTING            45. SIGNIFICANT     AGREEMENTS                        AND
    (lanjutan)                                                       COMMITMENTS (continued)

     b. Perjanjian Penggunaan Dana Bergulir                         b.   Agreement    of   Fund      Facility   for
        Pembelian Tanah untuk Jalan Tol dengan                           Reimbursement of Land Acquisition for Toll
        Badan Layanan Umum - Badan Pengatur                              Road with BLU – BPJT (continued)
        Jalan Tol (BLU - BPJT) (lanjutan)

         Penyelesaian permasalahan tersebut dilakukan                    The resolution of these problems is carried out
         dengan kesepakatan yang dituangkan dalam                        with an agreement as stated in the agreement
         perjanjian antara Satuan Kerja Sekretariat                      between the BPJT Secretariat Work Unit and
         BPJT dengan Badan Usaha Jalan Tol (BUJT)                        the Toll Road Business Entity (BUJT) which at
         yang paling sedikit memuat:                                     least contains:

         1.   Nilai Utang Pokok, Nilai Tambah dan                        1.   Value of Principal Debt, Value Added and
              Denda atas Nilai Tambah sampai dengan                           Fines for Value Added up to April 18, 2019;
              tanggal 18 April 2019;
         2.   Perhitungan      Nilai    Utang    Pokok                   2.   Calculation of the Principal Debt Value
              berdasarkan hasil reviu oleh Badan                              based on the results of the review by the
              Pemeriksa Keuangan dan Pembangunan                              State Audit Board of the Republic of
              dengan memperhatikan Inpres Nomor 1                             Indonesia in accordance to Presidential
              Tahun     2016      tentang   Percepatan                        Instruction Number 1 of 2016 concerning
              Pelaksanaan Proyek Strategis Nasional;                          the Acceleration of Implementation of
                                                                              National Strategic Projects;
         3.   Perhitungan Nilai Tambah sebesar                           3.   Calculation of Value Added of LPS+1%
              LPS+1% dengan jangka waktu 2 (dua)                              with a period of 2 (two) years using single
              tahun dengan menggunakan bunga                                  interest since the signing of the service and
              tunggal sejak ditandatanganinya perjanjian                      revolving agreement and/or amendment of
              layanan dan bergulir dan/atau amendemen                         the revolving fund service agreement;
              perjanjian layanan dana bergulir;
         4.   Menghapus denda atas Nilai Tambah dari                     4.   Removing fines for Value Added from
              kewajiban BUJT;                                                 BUJT's obligations;
         5.   Jangka waktu penyelesaian atas Nilai                       5.   The settlement period for the Principal and
              Utang Pokok dan Nilai Tambah yang harus                         Value Added Debt that must be paid by
              dibayarkan oleh BUJT paling lambat tahun                        BUJT is no later than 2024;
              2024;
         6.   Tata cara pembayaran atas Nilai Utang                      6.   Payment procedures for the Principal Debt
              Pokok dan Nilai Tambah untuk masing-                            Value and Value Added for each BUJT;
              masing BUJT;
         7.   Penyelesaian atas kelebihan pembayaran                     7.   Settlement of overpayment of Value Added
              Nilai Tambah dan Denda atas Nilai                               and Fines for Value Added that has been
              Tambah yang telah dibayarkan BUJT akan                          paid by BUJT will be determined by the
              ditetapkan oleh Menteri atas rekomendasi                        Minister on the recommendation of BPJT
              BPJT sebagai bagian dari investasi,                             as part of the investment, and/or
              dan/atau penyesuaian tarif tol sesuai                           adjustment of toll rates in accordance with
              dengan ketentuan peraturan perundang-                           the provisions of the Law.
              undangan.

         Menindaklanjuti Kepmen 822/2021, telah                          Following up on Kepmen 822/2021, a
         dilaksanakan rekonsiliasi Nilai Utang Pokok,                    reconciliation of the Principal Debt Value, Value
         Nilai Tambah dan Denda atas Nilai Tambah                        Added and Fines for Value Added in August
         pada bulan Agustus tahun 2021 antara BPJT                       2021 between BPJT and all BUJTs that have
         dengan seluruh BUJT yang memiliki BLU.                          BLU has been carried out.




                                                           181
Page 1035
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN       PENTING             45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                        COMMITMENTS (continued)

    c.   Jasa Pengoperasian Jalan Tol antara                         c.   Toll Road Operation Services between PT
         PT     Jalantol   Lingkarluar Jakarta                            Jalantol      Lingkarluar        Jakarta
         (Entitas Anak) dengan PT Hutama Karya                            (a Subsidiary) and PT Hutama Karya
         (Persero)                                                        (Persero)

         PT Jalantol Lingkarluar Jakarta (JLJ)                            The Jalantol Lingkarluar Jakarta (JLJ) entered
         mengadakan kerja sama dengan PT Hutama                           into an agreement with PT Hutama Karya
         Karya (Persero) (HK) melalui Perjanjian Jasa                     (Persero) for the Transaction and Traffic
         Layanan Transaksi dan Layanan Lalu Lintas                        Services Agreement of JORR Section S Toll
         Pada Jalan Tol Ruas JORR Seksi S (Pondok                         Road (Pondok Pinang-Jagorawi) No. 24/SP-
         Pinang-Jagorawi)      No.   24/SP-JLJ/III/2016                   JLJ/III/2016 dated March 16, 2016. The scope
         tanggal 16 Maret 2016. Lingkup pekerjaan                         of work includes transactions and traffic
         meliputi transaksi dan layanan lalu lintas Jalan                 services for JORR Toll Road Section S.
         Tol Ruas JORR Seksi S.

         Jangka waktu pelaksanaan pekerjaan terhitung                     The period of work started from March 16, 2016
         sejak tanggal 16 Maret 2016 sampai dengan                        until March 16, 2019. The contract value from
         tanggal 16 Maret 2019. Nilai kontrak sejak                       March 16, 2016 until March 16, 2017 amounted
         tanggal 16 Maret 2016 sampai dengan tanggal                      to Rp182,778 (including VAT).
         16 Maret 2017 adalah sebesar Rp182.778
         (termasuk PPN).

         Berdasarkan Adendum I Perjanjian Jasa                            Based on Addendum I of the Transaction and
         Layanan Transaksi dan Layanan Lalu Lintas                        Traffic Services Agreement of JORR Section S
         Pada Jalan Tol Ruas JORR Seksi S (Pondok                         Toll Road (Pondok Pinang-Jagorawi), No.
         Pinang-Jagorawi), No. 24/SP-JLJ/III/2016                         24/SP-JLJ/III/2016 dated March 15, 2017, the
         tanggal 15 Maret 2017, jangka waktu perjanjian                   contract period was extended for 1 (one) year
         diperpanjang 1 (satu) tahun terhitung sejak                      started from March 16, 2017 until March 15,
         tanggal 16 Maret 2017 sampai dengan tanggal                      2018 with contract value amounted to
         15 Maret 2018 dengan nilai kontrak sebesar                       Rp181,946 (including VAT).
         Rp181.946 (termasuk PPN).

         Berdasarkan Adendum II Perjanjian Jasa                           Based on Addendum II of the Transaction and
         Layanan Transaksi dan Layanan Lalu Lintas                        Traffic Services Agreement of JORR Section S
         Pada Jalan Tol Ruas JORR Seksi S (Pondok                         Toll    Road      (Pondok   Pinang-Jagorawi)
         Pinang-Jagorawi)    No.     24/SP-JLJ/III/2016                   No. 24/SP-JLJ/III/2016 dated March 15, 2017,
         tanggal 15 Maret 2017, jangka waktu perjanjian                   the contract period was extended for 1 year
         diperpanjang 1 tahun terhitung sejak tanggal                     started    from    March   16,    2018  until
         16 Maret 2018 sampai       dengan     tanggal                    March 15, 2019, with contract value amounted
         15 Maret 2019, nilai kontrak selama                              to Rp175,523 (including VAT).
         1 tahun adalah sebesar Rp175.523 (termasuk
         PPN).

         Berdasarkan Adendum XI, kedua belah pihak                        Based on Addendum XI, both parties agreed to
         menyepakati tentang penambahan jangka                            extend the agreement period for 3 (three) years
         waktu perjanjian selama 3 (tiga) tahun dan                       and commencing from January 1, 2016 up to
         berlaku terhitung sejak tanggal 1 Januari 2016                   December 31, 2019. Furthermore, on
         sampai dengan tanggal 31 Desember 2019.                          Addendum XII and Addendum XIII, both of
         Selanjutnya, pada Adendum XII dan Adendum                        parties agreed about operating costs, security,
         XIII, kedua belah pihak menyepakati tentang                      and maintenance cost changes of these toll
         perubahan biaya pengoperasian, pengamanan                        road section for year 2016 and 2017.
         dan pemeliharaan atas ruas tersebut untuk
         tahun 2016 dan 2017.




                                                            182
Page 1036
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN      PENTING             45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                       COMMITMENTS (continued)

    c.   Jasa Pengoperasian Jalan Tol antara                        c.   Toll Road Operation Services between PT
         PT     Jalantol    Lingkarluar Jakarta                          Jalantol        Lingkarluar      Jakarta
         (Entitas Anak) dengan PT Hutama Karya                           (a Subsidiary) and PT Hutama Karya
         (Persero) (lanjutan)                                            (Persero) (continued)

         Berdasarkan perjanjian No. 60/SP-JLJ/III/2019                   Based on agreement No. 60/SP-JLJ/III/2019
         tanggal 15 Maret 2019, JLJ dan HK                               dated March 15, 2019, JLJ and HK signed the
         menandatangani          Perjanjian       Jasa                   JORR Section S (Pondok Pinang-Jagorawi)
         Pengoperasian,        Pengamanan          dan                   Toll Road Operation, Security and Maintenance
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                        Services Agreement No. 60/SP-JLJ/III/2019.
         (Pondok     Pinang-Jagorawi)     No.  60/SP-                    The period is one year started from
         JLJ/III/2019. Jangka waktu perjanjian adalah                    March 16, 2019 until March 15, 2020, with a
         satu tahun mulai dari tanggal 16 Maret 2019                     contract value amounted to Rp107,556
         sampai dengan tanggal 15 Maret 2020, dengan                     (including VAT).
         nilai kontrak sebesar Rp107.556 (termasuk
         PPN).

         Berdasarkan Adendum I atas Perjanjian Jasa                      Based on Addendum I to the Operation,
         Pengoperasian,         Pengamanan           dan                 Security and Maintenance Agreement for JORR
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                        Section S Toll Road (Pondok Pinang-Jagorawi)
         (Pondok     Pinang-Jagorawi)     No.    55/SP-                  No. 55/SP-JLJ/III/2020 dated March 15, 2020,
         JLJ/III/2020 tanggal 15 Maret 2020, jangka                      the expected period to be renewed in 2 years is
         waktu perjanjian diperpanjang 2 tahun terhitung                 visited from March 17, 2020 to March 16, 2021
         dari tanggal 17 Maret 2020 sampai dengan                        with a contract value of Rp99,706 (including
         tanggal 16 Maret 2021 dengan nilai kontrak                      VAT).
         sebesar Rp99.706 (termasuk PPN).

         Berdasarkan Adendum II atas Perjanjian Jasa                     Based on Addendum II to the Operation,
         Pengoperasian,      Pengamanan,          dan                    Security and Maintenance Agreement for JORR
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                        Section S Toll Road (Pondok Pinang-Jagorawi)
         (Pondok    Pinang-Jagorawi)  No.      77/SP-                    No. 77/SP-JLJ/V/2020 dated May 4, 2020, the
         JLJ/V/2020 tanggal 4 Mei 2020, nilai kontrak                    contract value is amendment to Rp96,693
         diamendemen menjadi sebesar Rp96.693                            (including VAT).
         (termasuk PPN).

         Berdasarkan Adendum III atas Perjanjian Jasa                    Based on Addendum III to the Operation,
         Pengoperasian,      Pengamanan,          dan                    Security and Maintenance Agreement for JORR
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                        Section S Toll Road (Pondok Pinang-Jagorawi)
         (Pondok    Pinang-Jagorawi)   No.     41/SP-                    No. 41/SP-JLJ/2021 dated March 1, 2021, the
         JLJ/2021 tanggal 1 Maret 2021, nilai kontrak                    contract value from March 17, 2021 to
         periode 17 Maret 2021 sampai dengan                             March 16, 2022 period is Rp92,581 (including
         16 Maret 2022 adalah sebesar Rp92.581                           VAT).
         (termasuk PPN).

         Berdasarkan Adendum IV atas Perjanjian Jasa                     Based on Addendum IV to the Operation,
         Pengoperasian,       Pengamanan,        dan                     Security and Maintenance Agreement for JORR
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                        Section S Toll Road (Pondok Pinang-Jagorawi)
         (Pondok         Pinang-Jagorawi)        No.                     No. OPJT/AW.31/S.Perj-ADD-4/III/2022 dated
         OPJT/AW.31/S.Perj-ADD-4/III/2022 tanggal 14                     March 14, 2022, the contract value from
         Maret    2022,    nilai   kontrak   periode                     March 17, 2022 to March 16, 2023 period is
         17 Maret 2022 sampai dengan 16 Maret 2023                       Rp92,581 (including VAT).
         adalah sebesar Rp92.581 (termasuk PPN).




                                                           183
Page 1037
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN      PENTING            45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                      COMMITMENTS (continued)

    c.   Jasa Pengoperasian Jalan Tol antara                       c.   Toll Road Operation Services between PT
         PT     Jalantol    Lingkarluar Jakarta                         Jalantol        Lingkarluar      Jakarta
         (Entitas Anak) dengan PT Hutama Karya                          (a Subsidiary) and PT Hutama Karya
         (Persero) (lanjutan)                                           (Persero) (continued)

         Berdasarkan Adendum V Perjanjian Jasa                          Based on Addendum V of the Agreement for
         Pengoperasian,         Pengamanan,      dan                    Operation, Security, and Maintenance of JORR
         Pemeliharaan Jalan Tol Ruas JORR Seksi S                       Section S (Pondok Pinang – Jagorawi) Toll
         (Pondok         Pinang      –      Jagorawi)                   Road No. OPJT/AW.31/S.Perj-ADD-5/II/2023
         No. OPJT/AW.31/S.Perj-ADD-5/II/2023 dan                        and      No.      14/SP-JLJ/II/2023     dated
         No. 14/SP-JLJ/II/2023 tanggal 16 Februari                      February 16, 2023, the contract value for the
         2023, nilai kontrak periode 17 Maret 2022                      period March 17, 2022 to April 16, 2023 is
         sampai dengan tanggal 16 April 2023 adalah                     Rp96,211 (including VAT). The agreement has
         sebesar Rp96.211 (termasuk PPN). Perjanjian                    expired.
         tersebut telah berakhir.

         PT Jalantol Lingkarluar Jakarta dengan PT                      PT Jalantol Lingkarluar Jakarta with PT Hutama
         Hutama      Karya      (Persero)    kemudian                   Karya (Persero) then signed a Contracting
         menandatangani Perjanjian Pemborongan                          Agreement for Toll Road Operation Services for
         Pekerjaan Jasa Layanan Operasi Jalan Tol                       the JORR-S (Jagorawi - Pondok Pinang) Toll
         Ruas JORR-S (Jagorawi – Pondok Pinang)                         Road      number     OPT/WK.89/S.Perj/IV/2023
         nomor OPT/WK.89/S.Perj/IV/2023 dan nomor                       and     number     17/SP-JLJ/IV/2023      dated
         17/SP-JLJ/IV/2023 tanggal 14 April 2023                        April 14, 2023 with an implementation period of
         dengan jangka waktu pelaksanaan selama 365                     365 days from SPMK. The contract value is
         hari sejak SPMK. Nilai kontrak adalah sebesar                  Rp88,971.
         Rp88.971.

    d.   Kerja Sama Pengoperasian Jalan Tol                        d.   Toll Road Joint Operation with PT Citra
         dengan PT Citra Marga Nusaphala Persada                        Marga Nusaphala Persada Tbk (CMNP)
         Tbk (CMNP)

         Perusahaan mengadakan kerja sama dengan                        The Company has entered into a joint operation
         CMNP dalam bentuk pengoperasian jalan tol                      agreement with CMNP in the form of integrated
         secara terpadu yang dimuat dalam Akta Notaris                  toll road operation as put forth in the Notarial
         No. 42 tanggal 4 Juni 1993 juncto Akta Notaris                 Deed No. 42 dated June 4, 1993 in conjunction
         No. 386 tanggal 31 Desember 1994.                              with the Notarial Deed No. 386 dated
                                                                        December 31, 1994.

         Dalam Keputusan Bersama Menteri Pekerjaan                      Based on the Joint Decrees of the Minister of
         Umum No. 272-A/KPTS/1996 dan Menteri                           Public Works of the Republic of Indonesia No.
         Keuangan No. 434/ KMK.016/1996 tanggal                         272-A/KPTS/1996 and the Minister of Finance
         20 Juni 1996 tentang Pengoperasian Terpadu                     No. 434/KMK.016/1996 dated June 20, 1996
         Jalan Tol Lingkar Dalam Kota Jakarta (Tomang-                  regarding the integrated operation of the
         Cawang Tanjung Priok-Ancol Timur-Jembatan                      Jakarta Inner Ring Road (Tomang-Cawang-
         Tiga Pluit-Grogol Tomang) serta Penetapan                      Tanjung Priok-Ancol Timur-Jembatan Tiga
         Angka Perbandingan Pembagian Pendapatan                        Pluit-Grogol Tomang) and determination of Toll
         Tol dinyatakan bahwa jalan tol lingkar dalam                   Revenue Sharing Ratio, the inner city ring road
         kota dijadikan sebagai satu kesatuan sistem                    will be operated as one toll road network system
         jaringan jalan tol dalam kota Jakarta yang                     with toll road revenue sharing of 25% for the
         pengoperasiannya dilakukan secara terpadu                      Company and 75% for CMNP.
         dengan bagi pendapatan tol masing-masing
         sebesar 25% untuk Perusahaan dan sebesar
         75% untuk CMNP.




                                                          184
Page 1038
PT JASA MARGA (PERSERO) Tbk                                                              PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                             For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                        December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                      unless otherwise stated)

45. PERJANJIAN           DAN       PERIKATAN       PENTING           45. SIGNIFICANT     AGREEMENTS                                   AND
    (lanjutan)                                                           COMMITMENTS (continued)

    d.   Kerja Sama Pengoperasian Jalan Tol                               d.   Toll Road Joint Operation with PT Citra
         dengan PT Citra Marga Nusaphala Persada                               Marga Nusaphala Persada Tbk (CMNP)
         Tbk (CMNP) (lanjutan)                                                 (continued)

         Berdasarkan     Surat   Keputusan       Menteri                       Based on the Decree of the Minister of Housing
         Pemukiman       dan    Prasarana       Wilayah                        and Regional Infrastructure No. JL.01.04-
         No. JL.01.04-Mn/582 tanggal 7 November                                Mn/582 dated November 7, 2002, the Jakarta
         2002, ditetapkan persentase bagi hasil jalan tol                      Inner Ring Road revenue sharing between
         dalam kota Jakarta antara CMNP dan                                    CMNP and the Company is set forth as follows:
         Perusahaan sebagai berikut:
                                                           Persentase Bagi Hasil/
                                                       Percentage of Revenue Sharing
                                                                         Perusahaan/
                                                          CMNP            Company

         •Mulai Awal Konsesi s/d 9 Mei 2002                  75%                25%        •Beginning of Concession Period until May 9, 2002
         •Mulai 10 Mei 2002 s/d 31 Desember 2002             65%                35%                •From May 10, 2002 to December 31, 2002
         •Mulai 1 Januari 2003 s/d Akhir Masa                                                             •From January 1, 2003 to the End of
           Konsesi (Tahun 2025)                              55%                45%                               Concession (Year 2025)


    e.   Kerja Sama Pengoperasian Jalan Tol                               e.   Toll Road Joint Operation with PT Bintaro
         dengan PT Bintaro Serpong Damai (BSD)                                 Serpong Damai (BSD)

         Perusahaan telah mengadakan kerja sama                                The Company has entered into a joint operation
         kontrak manajemen dengan BSD sebagai                                  agreement with BSD as toll road operator for
         operator jalan tol berdasarkan perjanjian kerja                       Pondok Aren - Serpong section based on toll
         sama pengoperasian dan pemeliharaan jalan                             road operation and maintenance agreement
         tol Pondok Aren - Serpong No. 004/SPK-                                No. 004/SPK-DIR/1998 dated May 19, 1998,
         DIR/1998 tanggal 19 Mei 1998, yaitu dimulai                           which started from the date of operation until
         sejak tanggal pengoperasian sampai dengan                             the expiration of the toll concession for Pondok
         berakhirnya masa penyelenggaraan jalan tol                            Aren - Serpong or at the time of the termination
         Pondok Aren - Serpong atau pada saat                                  of the agreement, which ever is earlier. Based
         diakhirinya perjanjian ini mana yang lebih awal.                      on the Decree of the Indonesian Board of
         Berdasarkan      Putusan     Badan     Arbitrase                      Arbitration No. 217/1/ARB-BANI/2006 dated
         Nasional Indonesia No. 217/1/ARB-BANI/2006                            August 31, 2006, the scope of the Company’s
         tanggal     31     Agustus     2006,     lingkup                      operations are as follows:
         pengoperasian Perusahaan sebagai berikut:
         1. Pengoperasian gerbang tol Pondok Ranji                             1.      Operation of Pondok Ranji toll gates (East
             (Pondok Aren Timur).                                                      Pondok Aren).
         2. Pelayanan lalu lintas dan keamanan                                 2.      Providing patrol and safety service for toll
             pengguna jalan tol serta pengamanan                                       road users and safeguarding toll road
             aset, dengan catatan yang dilakukan oleh                                  assets whereby the Company is dealing
             Perusahaan adalah yang menyangkut                                         with toll road users in the patrol area
             patroli seperti kendaraan rusak dan                                       including damaged vehicles and accidents
             kecelakaan sesuai lingkup pekerjaan                                       on toll roads in compliance with Standard
             patroli sesuai Standar Pelayanan Minimal                                  of Minimal Service (SPM) for toll roads
             (SPM) jalan tol yang dikeluarkan Menteri                                  issued by the Minister of Public Works.
             Pekerjaan Umum.

         Masa berakhirnya perjanjian bersamaan                                 The term of the agreement terminates with the
         dengan berakhirnya masa konsesi ruas Ulujami                          end of the concession of Ulujami – Pondok Aren
         – Pondok Aren hingga 2045, kecuali kedua                              tol road until 2045, unless both parties agree to
         pihak sepakat untuk mengakhiri kontrak lebih                          terminate the contract earlier.
         awal.




                                                             185
Page 1039
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

45. PERJANJIAN        DAN     PERIKATAN       PENTING             45. SIGNIFICANT     AGREEMENTS                       AND
    (lanjutan)                                                        COMMITMENTS (continued)

    f.   Konversi Pinjaman Pemegang              Saham               f.   The Conversion of Shareholder Loan into
         Menjadi Setoran Modal ke PSBI                                    Paid-Up Capital to PSBI

         Pada tanggal 9 Desember 2016 dan 26 Januari                      On December 9, 2016 and January 26, 2017,
         2017, Perusahaan dan PT Pilar Sinergi BUMN                       the Company and PT Pilar Sinergi BUMN
         Indonesia (PSBI) telah menandatangani                            Indonesia (PSBI) signed a shareholder loan
         perjanjian pinjaman pemegang saham dengan                        agreement with a total value of Rp228,951,256.
         total     nilai   sebesar   Rp228.951.256.                       The refund has been determined according to
         Pengembalian dana telah ditentukan sesuai                        the agreed payment schedule, which is until
         dengan jadwal pembayaran yang disepakati                         January 25, 2018 with an interest rate of LPS
         yaitu sampai dengan tanggal 25 Januari 2018                      rate + 4.50% per year.
         dengan tingkat suku bunga sebesar LPS rate
         + 4,50% per tahun.

         Perusahaan     dan      PSBI     juga     telah                  The Company and PSBI also entered into
         menandatangani        perjanjian     pinjaman                    shareholder loan agreements dated January
         pemegang saham, masing-masing di tanggal                         12, 2018, February 15, 2018, May 31, 2018,
         12 Januari 2018, 15 Februari 2018,                               July 19, 2018 and October 7, 2020 and the total
         31 Mei 2018, 19 Juli 2018 dan 7 Oktober 2020                     principal amount of the shareholder loan
         sehingga jumlah pokok pinjaman pemegang                          amounted to Rp1,018,350 with an interest rate
         saham     keseluruhan      menjadi    sebesar                    of LPS rate + 4.50% per year.
         Rp1.018.350 dengan tingkat suku bunga
         sebesar LPS rate + 4,50% per tahun.


         Pada 27 Desember 2021, Perusahaan dan                            On December 27, 2021, the Company and
         PSBI melakukan Pengubahan Keseluruhan                            PSBI entered into reinstatement of the
         Perjanjian Pemberian Pinjaman Pemegang                           shareholder loan agreement amounting to
         Saham dengan saldo pinjaman sebesar                              Rp1,018,350 and agreed 2 (two) settlement
         Rp1.018.350 dan menyepakati 2 (dua) opsi                         options, i.e. cash repayment or conversion into
         pelunasan, yaitu tunai atau konversi menjadi                     paid-in capital. The Company agreed to not
         setoran modal. Perusahaan setuju tidak                           charge interest on PSBI's loans from January 1,
         mengenakan bunga atas pinjaman kepada                            2021 until maturity date on December 31, 2022.
         PSBI sejak tanggal 1 Januari 2021 sampai
         dengan     jatuh   tempo     pada    tanggal
         31 Desember 2022.

         Pada tanggal yang sama, Perusahaan dan                           On the same date, the Company and PSBI also
         PSBI juga menandatangani              Perjanjian                 entered into a debt acknowledgement
         Pengakuan Utang untuk menyepakati bunga                          agreement to interest arising from the
         yang timbul dari perjanjian pinjaman pemegang                    shareholder loan agreement amounting to
         saham sebesar Rp271.262 dikurangi dengan                         Rp271,262 deducted by the tax payable borne
         kewajiban pajak yang menjadi beban                               by the Company and does not bear interest to
         Perusahaan dan tidak berbunga hingga jatuh                       maturity date on December 31, 2022. The tax
         tempo pada tanggal 31 Desember 2022.                             payable borne by the Company amounted to
         Kewajiban pajak yang menjadi beban                               Rp40,493 and was recorded in 2022 as other
         Perusahaan adalah sebesar Rp40.493 dan                           expenses.
         dicatat sebagai beban lain-lain tahun 2022.

         Tujuan dari pemberian pinjaman adalah untuk                      The purpose of the loan is to meet the paid up
         memenuhi setoran modal kepada PT Kereta                          capital to PT Kereta Cepat Indonesia China.
         Cepat Indonesia China.




                                                            186
Page 1040
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

45. PERJANJIAN         DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                          COMMITMENTS (continued)

    f.   Konversi Pinjaman Pemegang Saham                              f.    The Conversion of Shareholder Loan into
         Menjadi Setoran Modal ke PSBI (lanjutan)                            Paid-Up Capital to PSBI (continued)

         Berdasarkan Akta Pernyataan Keputusan                               Based on the Deed of Statement of Resolutions
         Rapat Umum Pemegang Saham PSBI                                      of the PSBI General Meeting of Shareholders
         Nomor 67 tanggal 21 November 2022,                                  Number 67 dated November 21, 2022, the
         pinjaman Perusahaan kepada PSBI telah                               Company's loan to PSBI has been converted
         dikonversi menjadi setoran modal Perusahaan                         into the Company's paid in capital in PSBI.
         di PSBI.

         Partisipasi Perusahaan di PSBI merupakan                            The Company's participation in PSBI is a form
         bentuk penugasan Pemerintah sesuai dengan                           of government assignment in accordance with
         Perpres No. 107/2015. Ketentuan mengenai                            Presidential    Regulation     No.   107/2015.
         penugasan oleh Pemerintah ini juga diatur                           Provisions regarding assignments by the
         dalam UU No. 19 Tahun 2003 tentang Badan                            Government are also regulated in Law No. 19
         Usaha Milik Negara yang telah diubah menjadi                        of 2003 concerning State-Owned Enterprises
         UU No. 11 Tahun 2020 Pasal 66 ayat 4 dan                            which has been amended into Law No. 11 of
         diatur juga dalam Peraturan Pemerintah                              2020 Article 66 paragraph 4 and also regulated
         No.45 BUMN Pasal 65 ayat 3 yang menyatakan                          in Government Regulation No. 45 BUMN Article
         bahwa Pemerintah Pusat harus memberikan                             65 paragraph 3 which states that the Central
         kompensasi atas semua biaya yang telah                              Government must provide compensation for all
         dikeluarkan oleh BUMN, termasuk margin yang                         costs that have been incurred by BUMN,
         diharapkan sepanjang dalam tingkat kewajaran                        including the expected margin as long as it is
         sesuai dengan penugasan yang diberikan,                             within a reasonable level in accordance with the
         dalam hal penugasan tersebut secara finansial                       assigned assignment. granted, in the event that
         tidak terlaksana/ menguntungkan.                                    the assignment is not financially feasible/
                                                                             profitable.

    g.   Kerja Sama Pengoperasian Jalan Tol                            g.    Jakarta Outer Ring Road (JORR) Toll
         Jakarta Outer Ring Road (JORR)                                      Road Operation Cooperation

         Berdasarkan Berita Acara Kesepakatan                                Based on the Official Minutes of Agreement on
         Integrasi JORR No. 82/BA/Pt.6/2018 tanggal                          JORR Integration No. 82/BA/Pt.6/2018 dated
         21    September       2018    dan    Perjanjian                     September 21, 2018 and Agreement
         No.      28.1/KONTRAK-DIR/2019         tanggal                      No.       28.1/KONTRAK-DIR/2019             dated
         29 Maret 2019, pelaksanaan integrasi dan                            March 29, 2019, the implementation of
         proporsi bagi hasil yang akan digunakan secara                      integration and the profit sharing proportion that
         terus menerus adalah sebagai berikut:                               will be used continuously are as follows:

         1.   PT Jakarta Lingkarbarat Satu (JLB) selaku                     1.   PT Jakarta Lingkarbarat Satu (JLB) as
              operator Ruas JORR W1 sebesar 15,32%                               operator of JORR W1 Section is 15.32% of
              dari realisasi total pendapatan tol integrasi                      the total realization of JORR integrated toll
              JORR;                                                              revenues;
         2.   PT Marga Lingkar Jakarta, Anak                                2.   PT Marga Lingkar Jakarta, a Subsidiary, as
              Perusahaan, selaku operator Ruas JORR                              the operator of the JORR W2U Section is
              W2U sebesar 9,59% dari realisasi total                             9.59% of the total realization of the JORR
              pendapatan tol integrasi JORR;                                     integration toll revenue;
         3.   Perusahaan selaku operator Ruas JORR                          3.   The Company as operator of JORR W2S,
              W2S, E1, E2, E3 sebesar 32,69% dari                                E1, E2, E3 Sections is 32.69% of the total
              realisasi total pendapatan tol integrasi                           realization of JORR integrated toll revenues;
              JORR;
         4.   Perusahaan selaku operator Ruas Ulujami-                      4.   The Company as the operator of the
              Bintaro Viaduct-Pondok Aren sebesar                                Ulujami-Bintaro    Viaduct-Pondok       Aren
              5,05% dari realisasi total pendapatan tol                          Section is 5.05% of the total realization of
              integrasi JORR;                                                    JORR integration toll revenues;




                                                              187
Page 1041
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

45. PERJANJIAN         DAN     PERIKATAN        PENTING             45. SIGNIFICANT     AGREEMENTS                         AND
    (lanjutan)                                                          COMMITMENTS (continued)
    g.   Kerja Sama Pengoperasian Jalan Tol                           g. Jakarta Outer Ring Road (JORR) Toll
         Jakarta Outer Ring Road (JORR)                                  Road Operation Cooperation (continued)
         (lanjutan)
         5.   PT Hutama Karya (Persero) selaku                              5.   PT Hutama Karya (Persero) as operator of
              operator Ruas JORR S sebesar 24,23%                                JORR S Section is 24.23% of the total
              dari realisasi total pendapatan tol integrasi                      realization of JORR integration toll revenues;
              JORR; dan                                                          and
         6.   PT Hutama Karya (Persero) selaku                              6.   PT Hutama Karya (Persero) as the operator
              operator Ruas ATP sebesar 13,12% dari                              of the ATP Section is 13.12% of the total
              realisasi total pendapatan tol integrasi                           realization of the JORR integration toll
              JORR.                                                              revenue.
    h.   Kerja Sama Pengoperasian Jalan Tol                           h.     Jakarta-Tangerang       Toll   Road    Operation
         Jakarta-Tangerang                                                   Cooperation
         Perusahaan telah mengadakan kerja sama                              The Company has entered into an integrated
         pengoperasian terpadu ruas jalan tol                                operation of Jakarta-Tangerang-Merak toll road
         Jakarta-Tangerang-Merak             dengan                          section with PT Marga Mandalasakti (MMS)
         PT Marga Mandalasakti (MMS) berdasarkan                             based on contract agreement No. 60/Kontrak-
         kontrak perjanjian No. 60/Kontrak-DIR/2017.                         DIR/2017.
         Kerja sama operasi terpadu diatur dalam                             Integrated operational cooperation is in the
         perjanjian meliputi kegiatan manajemen                              agreement covering toll collection management
         pengumpulan tol, manajemen lalu lintas, dan                         activities, traffic management, and toll road
         pemeliharaan jalan tol. Perjanjian berlaku                          maintenance. The agreement is effective from
         efektif sejak dilakukan integrasi yaitu pada                        the integration on April 9, 2017. The proportion
         tanggal 9 April 2017. Proporsi pendapatan                           of toll revenue share revenue since the
         bagi hasil tol sejak awal pengoperasian                             beginning of operation with Jasa Marga is
         dengan Jasa Marga sebesar 81,58% dan                                81.58% and MMS is 18.42%.
         MMS sebesar 18,42%.
    i.   Kerja Sama Pembangunan Akses Tol KM                           i.   Development of KM 1+842 Toll Access on
         1+842 pada Jalan Tol Jakarta – Cikampek                            the Jakarta - Cikampek Toll Road
                                                                            Cooperation
         Perusahaan telah mengadakan kerja sama                              The Company has entered into cooperation
         terkait pembangunan Akses Tol KM 1+842                              related to the construction of KM 1+842 Toll
         pada Jalan Tol Jakarta – Cikampek dengan                            Access on the Jakarta - Cikampek Toll Road
         PT Kereta Cepat Indonesia China dan PT                              with PT Kereta Cepat Indonesia China and
         Jasamarga Transjawa Tol berdasarkan Akta                            PT Jasamarga Transjawa Tol based on the
         Perjanjian    Kerjasama       Pembangunan                           Deed of Cooperation Agreement for the
         Aksesibilitas Stasiun Halim Kereta Cepat                            Development of Accessibility of Halim Station of
         Jakarta Bandung nomor 1 tanggal 9 Juni                              the Jakarta Bandung Fast Train number 1 dated
         2023 dibuat di hadapan Mira Aranti Ciptadi,                         June 9, 2023 made before Mira Aranti Ciptadi,
         S.H., M.Kn., Notaris di Kabupaten Karawang.                         S.H., M.Kn., Notary in Karawang Regency.
         Lingkup    perjanjian    tersebut   meliputi                        The scope of the agreement includes preparing
         menyusun gambar basic design dan gambar                             basic design drawings and Final Technical Plan
         Rencana Teknik Akhir (RTA) akses menuju                             (RTA) drawings for access to and from the toll
         dan dari tol ke arah Stasiun Halim KCJB                             road to Halim KCJB Station according to the
         sesuai batasan dalam perjanjian, melakukan                          limitations in the agreement, managing the
         pengurusan persetujuan gambar basic                                 approval of basic design drawings and RTA
         design dan RTA akses menuju dan dari tol ke                         access to and from the toll road towards Halim
         arah    Stasiun    Halim    KCJB    kepada                          KCJB Station to the Ministry of PUPR, carrying
         Kementerian      PUPR,        melaksanakan                          out the construction of toll access to Halim
         pembangunan akses tol menuju Stasiun                                KCJB Station, and providing toll equipment and
         Halim KCJB, dan menyediakan peralatan tol                           installation for toll gates at Halim KCJB Station
         dan instalasinya untuk gerbang tol pada                             access.
         akses Stasiun Halim KCJB.


                                                              188
Page 1042
PT JASA MARGA (PERSERO) Tbk                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)

46. KONTINJENSI                                                      46. CONTINGENCIES

    a.   Kewajiban Karena Pengakhiran Perjanjian                        a.   Obligation  Due  to           Termination        of
         Kuasa Penyelenggaraan                                               Concession Agreement

         Pada tahun 1994, Perusahaan melakukan                               In 1994, the Company entered into a joint
         kerja sama operasi dengan PT Citra Ganesha                          operation with PT Citra Ganesha Marga
         Marga      Nusantara     (CGMN)       untuk                         Nusantara (CGMN) for construction of the
         pembangunan Jalan Tol Cikampek -                                    Cikampek - Padalarang Toll Road as set forth
         Padalarang, sebagaimana tertuang dalam                              in the Concession Agreement No. 297 dated
         Perjanjian Kuasa Penyelenggaraan (PKP)                              December       21,    1994.     However,     on
         No. 297 tanggal 21 Desember 1994. Namun                             July 18, 2001, the Minister of Housing and
         demikian, pada 18 Juli 2001, Menteri                                Regional Infrastructure with the Letter No. 417
         Pemukiman      dan    Prasarana     Wilayah                         revoked the decision granting permission of Toll
         (Menkimpraswil) dengan Surat Keputusan                              Road Joint Operation license between the
         No. 417 mencabut keputusan pemberian izin                           Company and CGMN. On July 25, 2001, the
         Kerja Sama Penyelenggaraan Jalan Tol antara                         Company       terminated     the    Concession
         Perusahaan dengan CGMN. Pada tanggal                                Agreement with CGMN.
         25 Juli 2001, Perusahaan mengakhiri PKP
         dengan CGMN.

         PKP No. 297 tanggal 21 Desember 1994                                The Concession Agreement No. 297 dated
         menyebutkan bahwa bila terjadi pengakhiran                          December 21, 1994 states that if there is
         masa penyelenggaraan jalan tol lebih awal                           termination of concession agreement before the
         sebelum masa konsesi berakhir, maka                                 concession period is due, the Company has an
         Perusahaan berkewajiban untuk mengambil-                            obligation to take over the overall liabilities and
         alih seluruh utang dan harus memenuhi hak                           should fulfill the rights of shareholders (CGMN).
         Penanam Modal (CGMN).

         Dalam Pasal 14.1 PKP disebutkan bahwa                               Article 14.1 of the Concession Agreement
         Perusahaan harus membayar sejumlah uang                             states that the Company should pay some
         atas nilai buku jalan tol setelah dikurangi nilai                   amount over the book value of the toll road after
         kewajiban yang harus diambil alih Perusahaan.                       deducting amount of liabilities taken over by the
                                                                             Company.

         Atas prinsip kehati-hatian, Perusahaan telah                        On the basis of prudent principles, the
         melakukan estimasi nilai aset akibat                                Company has estimated the asset value as a
         pengakhiran PKP dengan CGMN sebesar                                 result of the termination of PKP with CGMN
         Rp202.454 yang merupakan nilai buku yang                            amounting to Rp202,454 which is the audited
         telah diaudit atas aset dalam penyelesaian                          book value of the construction in progress as of
         pada tanggal 31 Desember 1999 dengan opini                          December 31, 1999 with disclaimer opinion.
         tidak menyatakan pendapat atas laporan                              The Company is still working on completing a
         keuangan.        Perusahaan       masih       terus                 definitive determination of the amount of the
         mengupayakan         penyelesaian        penetapan                  liability.
         secara definitif atas jumlah liabilitas.

         Perusahaan telah membentuk tim untuk                                The Company has formed a team to analyze the
         mengkaji penyelesaian permasalahan akibat                           disputed settlement that has arisen from the
         pengakhiran PKP Jalan Tol Cikampek -                                termination of the Cikampek-Padalarang Toll
         Padalarang antara Perusahaan dan CGMN.                              Road PKP between the Company and CGMN.




                                                               189
Page 1043
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

46. KONTINJENSI (lanjutan)                                    46. CONTINGENCIES (continued)

    a.   Kewajiban Karena Pengakhiran Perjanjian                 a.   Obligation  Due  to    Termination               of
         Kuasa Penyelenggaraan (lanjutan)                             Concession Agreement (continued)

         Pada tanggal 23 Juni 2014 melalui surat                      On     June      23,   2014,   through      letter
         No.    AA.HK05.0.645,    Perusahaan    telah                 No. AA.HK05.0.645, the Company has
         memberikan tanggapan atas surat dari                         responded to the letter of the Ministry of State-
         Kementerian BUMN No. S-268/MBU/D2/2014                       Owned Enterprises No. S-268/MBU/D2/2014
         tanggal 10 Juni 2014 mengenai rencana                        dated June 10, 2014, regarding the filing plan
         pengajuan gugatan oleh Trafalgar House                       by Trafalgar House Construction (Jersey)
         Construction (Jersey) Limited (THCJ) yang                    Limited (THCJ) which acts as the majority
         bertindak sebagai pemegang saham mayoritas                   shareholder of CGMN through International
         CGMN melalui Arbitrase Internasional kepada                  Arbitration to the government of the Republic of
         Pemerintah Republik Indonesia.                               Indonesia.

         Pada tanggal 28 Februari 2017, THCJ                          On February 28, 2017, THCJ was sent a letter
         menyampaikan surat kepada BKPM mengenai                      to the BKPM about the plan to propose
         rencana pengajuan gugatan arbitrase terhadap                 arbitration claim against the Government of
         Pemerintah Indonesia. Dalam hal untuk                        Indonesia. In the case to answer the letter of
         menjawab      surat   dari    THCJ,    BKPM                  THCJ, BKPM invite the Company through a
         mengundang rapat Perusahaan melalui surat                    letter No. 18/B.6/A.3/2017 dated March 7, 2017.
         No. 18/B.6/A.3/2017 tanggal 7 Maret 2017.

         THCJ     menyampaikan         surat kepada                   THCJ sent a letter to the Company
         Perusahaan    No.       2018/08/JM  tanggal                  No. 2018/08/JM dated August 31, 2018
         31 Agustus 2018 berisi:                                      informed as follows:
         1. THCJ meminta metode perhitungan                           1. THCJ requested the calculation method of
             kompensasi untuk CGMN berdasarkan                             the compensation to CGMN must have
             PKP harus mengacu pada Nilai Wajar.                           based on Fair Value.

         2.   Selain kompensasi pada angka 1 diatas,                  2.   In addition to number 1 above, THCJ
              THCJ mengklaim berhak atas kompensasi                        claimed entitlement to compensation and
              beserta bunga akibat pengakhiran PKP.                        its interest caused by the termination of
                                                                           Concession Agreement.
         3.   Selama kompensasi belum dibayarkan ke                   3.   As long as the Compensation have not
              CGMN maka CGMN berhak atas                                   fulfilled by the Company to CGMN, thus
              pendapatan tol.                                              CGMN entitled to the Toll Revenue.

         Pada tanggal 13 Juni 2019             THCJ                   On June 13, 2019 THCJ Conveyed a letter to
         menembuskan surat kepada Perusahaan                          the Company and also the General Attorney of
         terkait surat yang ditujukan kepada Jaksa                    Republic Of Indonesia concerning THCJ
         Agung Republik Indonesia perihal Rencana                     Intention to raise the case to the International
         THCJ untuk mengajukan Gugatan terhadap                       Arbitration which has the same information as
         Pemerintah Republik Indonesia kepada                         the letter on March 14, 2014 considering
         Arbitrase Internasional sebagaimana surat                    THCJ’s claims on the dispute of CGMN.
         yang pernah THCJ sampaikan tertanggal
         14 Maret 2014 mengenai tuntutan dan gugatan
         yang diajukan THCJ pada sengketa CGMN.

         Perusahaan secara lisan menyampaikan                         The Company has informed verbally that the
         bahwa penyelesaian permasalahan terkait                      dispute settlement regarding the termination of
         pengakhiran PKP dengan CGMN diselesaikan                     concession agreement with CGMN shall be
         sesuai ketentuan dalam PKP. Dalam hal ini,                   settled in accordance with the stipulation on the
         pembayaran kompensasi kepada CGMN                            Concession Agreement. In this case, the
         berdasarkan nilai buku CGMN yang telah                       payment of compensation to CGMN shall be
         diaudit oleh auditor yang ditunjuk bersama.                  based on book value CGMN which has been
                                                                      audited by the appointed auditor




                                                        190
Page 1044
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

46. KONTINJENSI (lanjutan)                                        46. CONTINGENCIES (continued)

    a.   Kewajiban Karena Pengakhiran Perjanjian                     a.   Obligation  Due  to    Termination              of
         Kuasa Penyelenggaraan (lanjutan)                                 Concession Agreement (continued)

         Hingga 31 Desember 2023, Pihak CGMN atau                         Until 31 December 2023, CGMN or THCJ has
         THCJ tidak dapat memberikan bukti-bukti                          not been able to provide evidence of
         pengeluaran sebagai dasar Jasa Marga untuk                       expenditure as a basis for Jasa Marga to make
         melakukan pembayaran dan juga tidak ada                          payments and also no lawsuit has been filed to
         gugatan yang diajukan ke pengadilan ataupun                      the court or arbitration by THCJ.
         arbitrasi oleh THCJ.

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                       b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                         PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                              the Surabaya-Gempol Toll Road Section
                                                                          Porong-Gempol

         Sebagai dampak dari bencana luapan Lumpur                        As a consequence of the mud flood disaster in
         PT Lapindo Brantas yang mengakibatkan                            PT Lapindo Brantas was damaged part of the
         kerusakan pada sebagian jalan tol Surabaya-                      Surabaya-Gempol toll road. In 2006, the
         Gempol, Perusahaan telah mengirimkan                             Company has submitted several claims of
         beberapa surat permintaan ganti rugi dan                         compensation to PT Lapindo Brantas covering
         somasi pada tahun 2006 atas kehilangan                           loss of toll revenues and expenditures.
         pendapatan tol dan pengeluaran berbagai
         biaya kepada PT Lapindo Brantas.

         Klaim kerusakan jalan tol tersebut akan                          The claim for damage to the toll roads is
         meningkat menjadi klaim biaya relokasi ruas                      expected to increase and later include a claim
         jalan    tol  Porong-Gempol,    yang   akan                      for cost to relocate the Porong-Gempol Section
         diselesaikan sesuai dengan ketentuan dalam                       toll road and will be settled in connection with
         Perjanjian Pengusahaan Jalan Tol (PPJT)                          the stipulation in the Concession Agreement of
         Surabaya-Gempol dan kebijakan Pemerintah                         the Surabaya-Gempol toll road and the
         dalam penyelesaian dampak semburan Lumpur                        Government policy in settlement of the effects
         di Sidoarjo, sesuai dengan Keputusan Menteri                     of the mud flood disaster at Sidoarjo in
         Pekerjaan Umum No. 394/KPTS/M/2006                               accordance with the Decree of the Minister of
         tanggal 30 November 2006 tentang penutupan                       Public Works No. 394/KPTS/M/2006 dated
         sebagian Jalan Tol Surabaya-Gempol.                              November 30, 2006 regarding the Closure of
                                                                          Part of the Surabaya-Gempol Toll Road.

         Berdasarkan Keputusan Presiden No. 13 Tahun                      Based on the Decree of the President
         2006 tanggal 3 September 2006 mengenai Tim                       No. 13 Year 2006 dated September 3, 2006
         Nasional Penanggulangan Semburan Lumpur di                       regarding the National Team for Mud Floods
         Sidoarjo, semua biaya yang timbul sebagai akibat                 Disaster at Sidoarjo, all expenditures incurred
         relokasi pembangunan jalan tol dimaksud selain                   due to the relocation of toll road development,
         biaya rehabilitasi kerusakan sarana menjadi                      except for rehabilitation expenses for damaged
         tanggung jawab PT Lapindo Brantas. Selain itu,                   facilities, will become the responsibility of PT
         Surat Keputusan Menteri Pekerjaan Umum                           Lapindo Brantas. In addition, the Decree of the
         No. 394/KPTS/M/2006 tanggal 30 November                          Minister of Public Works No. 394/KPTS/M/2006
         2006, mengenai Penutupan sebagian Jalan Tol                      dated November 30, 2006 related to the
         Surabaya-Gempol seksi Porong Gempol.                             Closure of Part of the Surabaya-Gempol Toll
         Menyatakan antara lain sebagai berikut:                          Road Porong-Gempol Section provides:




                                                            191
Page 1045
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                     b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                       PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                            the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                     Porong-Gempol (continued)

         1.   Menutup dan tidak mengoperasikan                          1.   To close and stop the operation of a part
              kembali sebagian jalan tol Surabaya-                           of the Surabaya-Gempol toll road Porong
              Gempol Seksi Porong-Gempol; dan                                Gempol Section; and
         2.   Segala hal yang timbul pada pengusahaan                   2.   Those all matter which impacted on the
              jalan tol Surabaya-Gempol sebagai akibat                       operation of the Surabaya-Gempol toll
              dari penutupan seksi Porong-Gempol akan                        road as a result of the closure of the
              diselesaikan sesuai dengan ketentuan                           Porong Gempol Section will be handled
              dalam PPJT Surabaya-Gempol dan                                 according to the regulation of Surabaya-
              kebijakan Pemerintah dalam penyelesaian                        Gempol Toll Road Concession Agreement
              dampak semburan lumpur di Sidoarjo.                            and the Government policy for settlement
                                                                             of the effect of the mud flood disaster at
                                                                             Sidoarjo.

         Berdasarkan surat Menteri Negara Badan                         Based on the Minister of State-Owned
         Usaha Milik Negara No. S-196/MBU/2007                          Enterprises letter No. S-196/MBU/2007 dated
         tanggal 4 April 2007 kepada Menteri Pekerjaan                  April 4, 2007 regarding the loss of part of
         Umum dan Menteri Keuangan sehubungan                           Porong-Gempol toll road assets and according
         dengan kerugian atas hilangnya sebagian aset                   to the Road Law No. 38 of 2004 and the State
         jalan tol seksi Porong-Gempol, maka sejalan                    Finance Law No. 17 of 2003, the claim for
         dengan Undang-Undang Jalan No. 38 Tahun                        losses should be submitted by the Government
         2004 dan Undang-Undang Keuangan Negara                         through the Department of Public Works to PT
         No. 17 Tahun 2003, klaim atas kerugian                         Lapindo Brantas.
         dimaksud      seharusnya    dilakukan    oleh
         Pemerintah melalui Departemen Pekerjaan
         Umum kepada PT Lapindo Brantas.

         Pada tanggal 17 Juli 2007, melalui surat                       On July 17, 2007, through the Company’s letter
         Perusahaan No. AA.TN.02.1153, Perusahaan                       No. AA.TN.02.1153, the Company claimed
         mengajukan tuntutan ganti rugi akibat genangan                 compensation caused by mud floods in Porong
         lumpur pada ruas jalan tol seksi Porong-Gempol                 Gempol Section to PT Lapindo Brantas. The
         kepada PT Lapindo Brantas. Klaim atas kerugian                 claim for loss of toll revenue and additional
         kehilangan pendapatan tol dan biaya tambahan                   expenditures arising from mud in Porong-
         lainnya akibat genangan lumpur pada ruas                       Gempol Section until May 2007 amounted to
         Porong-Gempol sampai dengan bulan Mei 2007                     Rp24,725 and the claim for damage to the toll
         adalah sebesar Rp24.725 dan klaim atas                         road amounted to Rp16,334.
         kerusakan jalan tol sebesar Rp16.334.

         Dalam Surat Perusahaan No.AA.KU.02.1268.                       Based      on      the   Company’s       Letter
         tanggal 7 Agustus 2007 kepada Menteri                          No.AA.KU.02.1268 dated August 7, 2007, to
         Pekerjaan Umum, Perusahaan menyampaikan                        the Minister of Public Works, the Company
         antara lain mengenai kesediaan Perusahaan                      delivered such matter as readiness to finance
         untuk membiayai pembangunan relokasi ruas                      development for relocation Porong-Gempol toll
         jalan       tol    Porong-Gempol      dengan                   road by estimating the reversion of investment
         memperhitungkan pengembalian investasi dari                    from new tariff (included reversion caused by
         tarif baru (termasuk pengembalian akibat tidak                 un-function Porong-Gempol toll road section).
         berfungsinya ruas jalan tol Porong-Gempol).




                                                          192
Page 1046
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

46. KONTINJENSI (lanjutan)                                        46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                       b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                         PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                              the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                       Porong-Gempol (continued)

         Surat Ketua Dewan Pengarah Badan                                 The letter of the Chairman of Direction Board of
         Penanggulangan Lumpur Sidoarjo/ Menteri                          Mud Prevention Agency Sidoarjo/ the Minister
         Pekerjaan Umum No. 20/DPBPLS/2007                                of Public Works No. 20/DPBPLS/2007 dated
         tanggal 24 September 2007 kepada Menteri                         September 24, 2007 to Minister of State-Owned
         Negara BUMN menyebutkan antara lain                              Enterprises mentioned such proposal of
         mengenai usulan pelaksanaan konstruksi jalan                     construction and implementation of Porong-
         tol Porong-Gempol dapat dilakukan oleh                           Gempol toll road can be performed by the
         Perusahaan.                                                      Company.

         Pada tanggal 14 Januari 2008, melalui surat                      On January 14, 2008, through the Company’s
         Perusahaan No. AA.TN.02.50 kepada Menteri                        letter No. AA.TN.02.50 to the Minister of State-
         Negara BUMN, Perusahaan menyampaikan                             Owned Enterprises, the Company reported loss
         antara lain mengenai jumlah klaim total kerugian                 until May 2007 amounted to Rp24,725 and
         sampai dengan bulan Mei 2007 sebesar                             requested assistance from the Government to
         Rp24.725 dan permohonan bantuan agar                             facilitate through Law Bureau and Public
         Pemerintah memfasilitasi melalui Biro Hukum                      Relation of the Minister of State-Owned
         dan Humas Kementerian BUMN dalam                                 Enterprises in solving the problem with PT
         menyelesaikan      permasalahan          dengan                  Lapindo Brantas by deliberation. Otherwise, the
         PT Lapindo Brantas dengan musyawarah                             Company will take the case to the court.
         mufakat dan apabila musyawarah mufakat
         tersebut    tidak  dapat     ditempuh      dapat
         mempertimbangkan untuk melakukan upaya
         hukum di Pengadilan.

         Pada tanggal 13 Mei 2009, melalui surat                          On      May     13,    2009,     through  letter
         Perusahaan No. AA.TN.02.730 kepada Direktur                      No. AA.TN.02.730 to the President Director of
         Utama PT Lapindo Brantas, Perusahaan                             PT Lapindo Brantas, the Company claimed
         kembali mengajukan tuntutan ganti rugi akibat                    compensation due to closure of the Porong-
         penutupan Ruas Jalan Tol Porong-Gempol.                          Gempol Toll Road Section. The claim for loss of
         Adapun klaim atas kehilangan pendapatan tol                      toll revenue, loss of interest income and other
         dan kehilangan keuntungan atas bunga sampai                      expenses, including demolishing cost of Porong
         dengan bulan Maret 2009 beserta biaya-biaya                      Toll Bridge until March 2009 totaling Rp71,976.
         lainnya, termasuk biaya pembongkaran
         Jembatan Tol Porong adalah sebesar
         Rp71.976.

         Pada tanggal 17 September 2009, melalui surat                    On September 17, 2009, through letter
         Perusahaan No. AA.TN.02.1286 kepada                              No. AA.TN.02.1286 to the President Director of
         Direktur Utama PT Lapindo Brantas,                               PT Lapindo Brantas, the Company claimed
         Perusahaan kembali mengajukan tambahan                           additional compensation for the loss of toll
         kenaikan besaran rugi atas kehilangan                            revenue amounting to Rp76,942 and the loss of
         pendapatan tol sebesar Rp76.942 dan                              interest income until June 2009 amounted to
         kehilangan keuntungan atas bunga sampai                          Rp4,965.
         dengan bulan Juni 2009 yakni sebesar
         Rp4.965.




                                                            193
Page 1047
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                     b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                       PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                            the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                     Porong-Gempol (continued)

         Pada tanggal 9 Februari 2010, Perusahaan                       On February 9, 2010, the Company sent letter
         mengirimkan surat No. AA.PR.02.94 tentang                      No. AA.PR.02.94 regarding to relocation of
         Relokasi Jalan Tol Ruas Porong-Gempol                          Porong-Gempol toll road section to BPJT and
         kepada BPJT yang ditembuskan kepada                            the copy was forwarded to the Minister of State-
         Menteri Negara BUMN. Surat tersebut dibuat                     Owned Enterprises. The letter was made based
         dengan dasar bahwa Pemerintah (Kementerian                     on the plan of Government (Ministry of PUPR)
         PUPR) mempunyai rencana untuk melakukan                        to relocate Porong-Gempol Toll Road affected
         relokasi terhadap jalan tol Ruas Porong-                       by the Sidoarjo mudflow.
         Gempol yang terendam luapan lumpur
         Sidoarjo.

         Pada tanggal 7 Februari 2011 BPJT melalui                      On February 7, 2011, BPJT through its letter
         suratnya    No.     70/BPJT/KE/Jl.01.03/2011,                  No. 70/BPJT/KE/Jl.01.03/2011, gave an
         memberikan persetujuan untuk melakukan                         approval to carry out the relocation of the
         pelaksanaan relokasi Jalan Tol Surabaya-                       Surabaya-Gempol Toll Road in the Porong-
         Gempol ruas Porong-Gempol yang dimana,                         Gempol section, where the target of the
         lahan yang menjadi sasaran proyek relokasi                     relocation project had reached 81.77% and
         telah mencapai pembebasan sebesar 81,77%                       keep going.
         dan terus berjalan.

         Pada tahun 2015, BPJT dan Perusahaan telah                     In 2015, BPJT and the Company agreed to
         sepakat untuk menentukan besaran tarif yang                    determine the tariff rate applied to the
         diterapkan pada Jalan Tol Surabaya-Gempol                      Surabaya-Gempol Toll Road on the Porong-
         pada Ruas Porong-Gempol, sebagaimana                           Gempol Section, as stated in the Minutes of
         yang tertuang dalam Berita Acara Kesepakatan                   Agreement on the Relocation of the Porong-
         tentang Relokasi Ruas Porong-Gempol pada                       Gempol     Section   on    the    Operation
         Pengusahaan Jalan Tol Surabaya-Gempol                          of   the   Surabaya-Gempol     Toll   Road
         No. 10/BA/PT.6/2015.                                           No. 10/BA/PT.6/2015.

         Sejak bulan Mei 2011, Perusahaan telah                         Since May 2011, the Company has carried out
         melakukan aktivitas pembangunan relokasi jalan                 construction activities for the relocation of the
         tol ruas Porong-Gempol. Sampai dengan tanggal                  Porong-Gempol         toll    road.     As      of
         31 Desember 2019, Perusahaan telah                             December 31, 2019, the Company has
         menyelesaikan pembangunan paket terakhir ruas                  completed the construction of the last package
         Porong-Gempol seksi Porong-Kejapanan sesuai                    of the Porong-Gempol section of the Porong-
         Berita Acara No. 66.5/BA-DIR/2018 dan                          Kejapanan section according to Minutes
         No. 66.6/BA-DIR/2018.                                          No. 66.5/BA-DIR/2018 and No. 66.6/BA-DIR
                                                                        /2018.

         Pada tanggal 14 Januari 2019, jalan tol ruas                   On January 14, 2019, the Porong - Gempol toll
         Porong - Gempol seksi Porong Kejapanan telah                   road section of the Porong Kejapanan section
         dioperasikan.                                                  has been operated.

         Pada tanggal 30 Maret 2020, Pemerintah                         On March 30, 2020, the Government through
         melalui Kementerian PUPR telah menetapkan                      Ministry of PUPR has set compensation for the
         kompensasi bagi Perusahaan sesuai dengan                       Company in accordance with the Decree of
         SK Menteri PUPR No. BM.06.03-MN/587                            Ministry of PUPR No. BM.06.03-MN/587 about
         tentang    Perubahan     Rencana     Usaha                     the Amendment of Toll Road Concession of
         Pengusahaan Jalan Tol Surabaya-Gempol.                         Surabaya-Gempol. The decision confirms the
         Keputusan tersebut menegaskan terkait izin                     permission given to the Company to establish
         yang diberikan kepada Perusahaan untuk                         new toll road route to mud-affected toll road
         membuat rute baru atas ruas jalan tol yang                     section of PT Lapindo Brantas.
         terdampak lumpur PT Lapindo Brantas.

                                                          194
Page 1048
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

46. KONTINJENSI (lanjutan)                                    46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                   b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                     PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                          the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                   Porong-Gempol (continued)

         Pada     tanggal   9     September    2022                   On September 9, 2022, the Company through
         Perusahaan melalui PT Jasamarga Transjawa                    PT Jasamarga Transjawa Tol with BPKP East
         Tol dengan BPKP Provinsi Jawa Timur dan                      Java Province and BPJT has held discussions
         BPJT telah melakukan pembahasan terkait                      related to the review of changes to the business
         review terhadap perubahan rencana usaha                      plan on the Surabaya-Gempol toll road
         pada pengusahaan jalan tol Surabaya-Gempol.                  operation.

         Pada tanggal 12 September 2022, BPKP                         On September 12, 2022, BPKP through letter
         melalui surat nomor LHP-597/PW13/2/2022                      number LHP-597/PW13/2/2022 regarding the
         perihal Laporan Hasil Reviu Atas Perubahan                   Review Report on Changes in Business Plans
         Rencana Usaha pada Pengusaha Jalan Tol                       for   Surabaya   -    Gempol      Toll   Road
         Surabaya – Gempol menyampaikan laporan                       Entrepreneurs submitted a review report whose
         hasil reviu yang kesimpulannya adalah                        conclusions were

         a. Nilai total investasi pengusahaan Jalan                   a. The total investment value of the Surabaya
            Tol Surabaya – Gempol Ruas Porong –                          - Gempol Porong - Gempol Toll Road with a
            Gempol dengan adanya perubahan                               change in scope is Rp2,688,289
            lingkup adalah sebesar Rp2.688.289.

         b. Dengan masa konsesi tetap 40 tahun dan                    b. With a fixed concession period of 40 years
            tarif yang berlaku untuk ruas Porong –                       and the applicable tariff for the Porong -
            Gempol sebesar Rp912/Km (rupiah                              Gempol section is Rp912/Km (full rupiah),
            penuh), distribusi kompensasi tarif                          the distribution of additional tariff
            tambahan

         Pada ruas Waru – Porong sebesar Rp201/Km                     Compensation on the Waru - Porong section is
         (rupiah penuh) dan ruas Dupak – Waru sebesar                 Rp201/Km (full rupiah) and the Dupak - Waru
         Rp1.500, serta dengan memperhitungkan                        section of Rp1,500, and taking into account the
         koreksi pada nilai investasi dan arus kas                    correction in investment value and financial
         financial model, maka untuk mempertahankan                   model cash flow, to maintain the IRR in
         IRR (Internal Rate of Return) sesuai dengan                  accordance with the agreement made by BPJT
         kesepakatan yang telah dilakukan BPJT selaku                 as the government representative and PT Jasa
         wakil pemerintah dan PT Jasa Marga (Persero)                 Marga (Persero) Tbk as BUJT at 14.84%,
         Tbk selaku BUJT pada 14,84%, penyesuaian                     regular tariff adjustment according to the
         tarif regular sesuai model keuangan yang                     financial model that was supposed to be carried
         seharusnya dilakukan pada Oktober 2021                       out in October 2021 was adjusted to April 2023.
         disesuaikan menjadi April 2023.

         Dalam     surat  tersebut   BPKP     juga                    In the letter, BPKP also conveyed suggestions
         menyampaikan saran kepada Kepala Badan                       to the Head of the Toll Road Regulatory Agency
         Pengatur Jalan Tol agar hasil reviu BPKP                     so that the results of the BPKP review would be
         menjadi masukan dan bahan pertimbangan                       input and consideration in the Proposed
         dalam Usulan Perubahan Rencana Usaha                         Changes to the Surabaya - Gempol Toll Road
         Pengusahaan Jalan Tol Surabaya – Gempol                      Business Plan for the Porong - Gempol Section
         Ruas Porong – Gempol kepada Menteri                          to the Minister of Public Works and Public
         Pekerjaan Umum dan Perumahan Rakyat.                         Housing.




                                                        195
Page 1049
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                     For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

46. KONTINJENSI (lanjutan)                                         46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                        b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                          PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                               the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                        Porong-Gempol (continued)

         Pada tanggal 5 Desember 2022, BPJT dengan                         On December 5, 2022, BPJT and the Company
         Perusahaan melalui PT Jasamarga Transjawa                         through PT Jasamarga Transjawa Tol made
         Tol membuat berita acara evaluasi perubahan                       minutes of evaluation of changes in business
         rencana usaha pada Pengusahaan Jalan Tol                          plans on the Surabaya – Gempol Porong –
         Surabaya – Gempol ruas Porong – Gempol,                           Gempol Toll Road Concession, with the
         dengan kesimpulan kesepakatan sebagai                             following conclusion of the agreement:
         berikut:

          a. Para pihak menyepakati besaran biaya                          a.   The parties agree on a reasonable amount
             investasi yang wajar yang dapat                                    of investment costs that can be included in
             dimasukkan dalam perhitungan perubahan                             the calculation of changes to the business
             rencana usaha Pengusahaan Jalan Tol                                plan of the Surabaya - Gempol Toll Road
             Surabaya – Gempol ruas Porong – Gempol                             Concession Porong - Gempol section is
             adalah sebesar Rp2.688.289.                                        Rp2,688,289.
          b. Dengan mempertimbangkan masa konsesi                          b.   Taking into account the fixed concession
             tetap 40 tahun terhitung sejak tanggal Satu                        period of 40 years starting from the First of
             Januari Dua Ribu Lima (1 Januari 2005)                             January        Two      Thousand        Five
             dan tarif yang berlaku untuk ruas Porong –                         (January 1, 2005) and the applicable tariff
             Gempol sebesar Rp912/km (rupiah                                    for the Porong – Gempol section of
             penuh),     distribusi   kompensasi     tarif                      Rp912/km (full rupiah), the distribution of
             tambahan pada ruas Waru – Porong                                   additional tariff compensation on the Waru
             sebesar Rp201/km (rupiah penuh) dan                                – Porong section of Rp201/km (full rupiah)
             ruas Dupak – Waru sebesar Rp1.500                                  and the Dupak – Waru section of Rp1,500
             (rupiah      penuh),      serta     dengan                         (full rupiah), and taking into account
             memperhitungkan koreksi pada nilai                                 corrections in Investment and financial
             investasi dan arus kas financial model,                            model cash flow, then to maintain the IRR
             maka untuk mempertahankan IRR sesuai                               in accordance with the agreement made by
             dengan kesepakatan yang telah dilakukan                            BPJT as the government representative
             BPJT selaku wakil pemerintah dan PT Jasa                           and PT Jasa Marga (Persero) Tbk as BUJT
             Marga (Persero) Tbk selaku BUJT pada                               at 14.84%, regular tariff adjustments
             14,84%, penyesuaian tarif regular sesuai                           according to the financial model that should
             model keuangan yang seharusnya                                     have been carried out in October 2021 was
             dilakukan pada Oktober 2021 disesuaikan                            adjusted to April 2023.
             menjadi April 2023.
          c. Mempertimbangkan bahwa reviu BPKP                             c.   Considering that the BPKP review was
             dilaksanakan terhadap rencana usaha                                carried out on the Porong - Gempol
             Porong – Gempol namun penyesuaian tarif                            business plan but the tariff adjustment was
             dilaksanakan         bersamaan        untuk                        carried out simultaneously for the entire
             keseluruhan ruas Surabaya – Gempol                                 Surabaya - Gempol section (including
             (termasuk Porong – Gempol) dan                                     Porong - Gempol) and considering the
             mengingat penundaan tarif Surabaya –                               postponement of the Surabaya - Gempol
             Gempol pada Tahun 2019 yang                                        tariff in 2019 which was supposed to be
             seharusnya dilaksanakan pada November                              carried out in November 2019 (2 years after
             2019 (2 Tahun setelah Kepmen PUPR                                  the PUPR Decree in 2017) to June 2020
             Tahun 2017) menjadi Juni 2020 (Kepmen                              (PUPR Decree in 2020), the inflation period
             PUPR Tahun 2020), maka periode inflasi                             for the Surabaya - Gempol segment
             untuk segmen Surabaya – Gempol (di luar                            (outside Porong - Gempol) is calculated
             Porong – Gempol) dihitung sejak batas                              from the limit the end of the inflation period
             akhir periode inflasi pada penyesuaian tarif                       in      the    2020     tariff     adjustment
             tahun 2020 (November 2019) sampai                                  (November 2019) until the scheduled tariff
             dengan jadwal penyesuaian tarif atas                               adjustment on the recommendation of
             rekomendasi BPKP (April 2023).                                     BPKP (April 2023).


                                                             196
Page 1050
PT JASA MARGA (PERSERO) Tbk                                                       PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                      For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

46. KONTINJENSI (lanjutan)                                         46. CONTINGENCIES (continued)

    b.   Tuntutan Ganti Rugi Kepada PT Lapindo                        b.   Claim    of   Compensation       Against
         Brantas dan Penutupan Sebagian Jalan Tol                          PT Lapindo Brantas and Closing of Part of
         Surabaya-Gempol Seksi Porong-Gempol                               the Surabaya-Gempol Toll Road Section
         (lanjutan)                                                        Porong-Gempol (continued)

          d. Berita Acara akan digunakan sebagai                           d. The Minutes will be used as consideration in
             bahan pertimbangan dalam usulan                                  the proposed changes to the Surabaya –
             perubahan Rencana Usaha Pengusahaan                              Gempol Toll Road Business Plan for the
             Jalan Tol Surabaya – Gempol Ruas                                 Porong – Gempol Section to the Minister of
             Porong – Gempol kepada Menteri PUPR.                             PUPR.

         Kesepakatan dalam berita acara tersebut                           The agreement on official report became
         berlaku efektif setelah BPJT mendapatkan                          effective after BPJT obtained approval from the
         persetujuan dari Menteri PUPR.                                    Minister of PUPR.

         Pada tanggal 6 Januari 2023, Menteri PUPR                         On January 6, 2023, the Minister of PUPR has
         telah memberikan persetujuan atas Hasil                           given approval to the Evaluation Results of the
         Evaluasi Pengusahaan Jalan Tol Surabaya –                         Surabaya – Gempol Toll Road Exploitation of
         Gempol Ruas Porong – Gempol yang telah                            the Porong – Gempol Section which has taken
         memperhitungkan kompensasi atas relokasi                          into account compensation for the relocation of
         ruas Porong-Gempol sebagai akibat dari                            the Porong - Gempol section as a result of the
         bencana lumpur Lapindo. Persetujuan Menteri                       Lapindo mud disaster. The approval of the
         PUPR tersebut kemudian ditindaklanjuti                            Minister of PUPR was then followed up by the
         dengan penandatanganan Akta Amandemen III                         signing of Deed of Amendment III of PPJT
         PPJT Ruas Surabaya – Gempol Nomor 23                              Surabaya - Gempol Section Number 23 dated
         tanggal 17 Januari 2023 dibuat di hadapan                         January 17, 2023 made in front of Rina Utami
         Rina Utami Djauhari, SH, Notaris di Jakarta.                      Djauhari, SH, Notary in Jakarta.

    c.   Gugatan Ganti Rugi dari Pemilik Tanah                        c.   Claims from Land Owners for Toll Road
         untuk Jalan Tol

         Perusahaan masih menghadapi perkara litigasi/                     The Company is facing several litigation cases
         gugatan dari beberapa orang yang mengklaim                        filed by parties the construction of claimed to
         sebagai pemilik tanah yang tanahnya                               be the owners of land whose land is used for
         digunakan untuk pembangunan Jalan Tol                             Semarang Toll Road C Section, JORR W2 Toll
         JORR W2, JORR E1, Jalan Tol Pondok Aren -                         Road Section, JORR E1 Toll Road Section,
         Ulujami, Gempol-Pasuruan, dan Jalan Tol                           Pondok Aren-Ulujami Toll Road, Gempol-
         Belmera. Penanganan perkara litigasi tersebut                     Pasuruan and Belmera Toll Gate. These
         masih dalam proses peradilan di Pengadilan                        litigation cases are still under trial in the District
         Negeri, Pengadilan Tinggi, kasasi dan                             Courts, the High Courts and the Supreme
         Peninjauan Kembali di Mahkamah Agung.                             Court.

         Pada akhir tahun 31 Desember               2023,                  At the end of the year December 31, 2023, the
         Perusahaan berkeyakinan bahwa               tidak                 Company believes that no provision is required.
         diperlukan adanya provisi.

    d.   Penggantian Lahan                                            d.   Land Exchange

         JBT, Entitas Anak, memiliki kewajiban untuk                       JBT, a Subsidiary, has a liability to construct
         membangun gedung kantor sesuai ketentuan di                       office building as required in PPJT. The
         PPJT. Pembangunan gedung kantor tersebut                          construction of office building will be conducted
         akan dilakukan di area lahan yang dimiliki oleh                   in land owned by PT Angkasa Pura I (AP I) and
         PT     Angkasa      Pura    I   (AP     I)    dan                 PT Pelabuhan Indonesia III (Persero) (Pelindo
         PT Pelabuhan Indonesia III (Persero) (Pelindo                     III). Since the construction of the office building
         III). Karena pembangunan gedung kantor                            conducted in land owned by AP I and Pelindo
         tersebut di area lahan AP I dan Pelindo III, maka                 III, JBT has liabilities to give the land
         JBT memiliki kewajiban untuk memberikan                           compensation to AP I and Pelindo III as follows:
         penggantian lahan untuk AP I dan Pelindo III
         dengan nilai sebagai berikut:

                                                             197
Page 1051
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

46. KONTINJENSI (lanjutan)                                       46. CONTINGENCIES (continued)

    d.   Penggantian Lahan (lanjutan)                                d.   Land Exchange (continued)

                                                                               NJOP/          Harga Penilaian/
                       No./               Dimiliki/              Area/
                                                                               SVTO           Appraisal Price
                       No.               Owned by                Area
                                                                                (Rp)               (Rp)
                        1.       Angkasa Pura I               3.404 m2             3.581               29.291
                        2.       Pelindo III (darat)            522 m2             1.227                 2.589
                        3.       Pelindo III (perairan)      41.490 m2                 -                      -
                     Total                                                         4.808               31.880

         JBT menerima surat tembusan dari Dirjen Bina                     JBT received a copy letter from the Directorate
         Marga      No.     TB09.02-DB/496     tanggal                    General (‘’DG’’) of Highways No. TB09.02-
         16 Juni 2017 Perihal Tanah HPL Angkasa Pura                      DB/496 dated June 16, 2017 regarding the
         I. Dalam surat tersebut Dirjen Bina Marga                        Land of HPL Angkasa Pura I. In the letter of DG
         berpendapat bahwa lahan           HPL milik                      Bina Marga believes that PT Angkasa Pura I
         PT Angkasa Pura I tidak dapat diberikan ganti                    HPL land can not be given compensation for
         rugi kecuali terhadap bangunan, tanaman, dan                     building, plants and objects on HPL land.
         benda-benda di atas lahan HPL.

         JBT memiliki kewajiban untuk membangun                           JBT has an obligation to build office buildings in
         gedung kantor sesuai ketentuan di PPJT.                          accordance with the provisions in PPJT. The
         Pembangunan gedung kantor tersebut akan                          construction of the office building will be carried
         dilakukan di akses masuk tol di jalan Pelabuhan                  out at toll entry access on the Benoa Harbor
         Benoa. Luas tanah yang akan dibangun kantor                      road. The total land to be built by Office is
         oleh Perseroan seluas 1.150 m2.                                  obtained by the Company with an area of
                                                                          1,150 sqm.

         Sampai dengan tanggal 31 Desember 2019,                          As of December 31, 2019, JBT has signed the
         JBT telah menandatangani Akta Jual Beli No. 4                    Sale and Purchase Deed No. 4 of
         tanggal 11 Januari 2019 dan Akta Kuasa Jual                      January 11, 2019 and Deed of Sale No. 5
         No. 5 tanggal 11 Januari 2019 dengan nilai jual                  January 11, 2019 with land value of Rp13,200.
         tanah yang diperoleh JBT sebesar Rp13.200.

         Sampai dengan tahun 2023 sesuai surat                            Until 2023, according to the letter, the Director
         tersebut Dirjen Bina Marga berpendapat bahwa                     General of Highways believes that HPL land
         lahan HPL milik PT Angkasa Pura I tidak dapat                    owned by PT Angkasa Pura I cannot be
         diberikan ganti rugi kecuali terhadap bangunan,                  compensated except for buildings, plants, and
         tanaman, dan benda-benda di atas lahan HPL.                      objects on HPL land.

    e.   Pengembalian Investasi Pemerintah                           e. Return on Government Investment

         JMKT, Entitas Anak, wajib mengembalikan                          JMKT, a subsidiary, is obliged to return the
         investasi Pemerintah sebesar Rp178.000 (nilai                    Government's investment amounted             to
         kini 2013) yang dilakukan atas pembangunan                       Rp178,000 (present value of 2013) made on
         ruas jalan tol Medan - Kualanamu - Tebing                        the construction of toll road Medan -
         Tinggi untuk seksi 1 dan 2. Berdasarkan                          Kualanamu -Tebing Tinggi sections I and II.
         lampiran dalam PPJT, investasi Pemerintah                        According to the minutes attached on PPJT,
         akan dibayarkan pada tahun 2033, setelah                         such investment will be returned to the
         utang bank sindikasi dilunasi seluruhnya. Pada                   government in 2033, after syndicated bank loan
         tanggal 7 Mei 2018, berita acara serah terima                    is fully repaid. On May 7, 2018, the hand over
         penyelesaian seksi 1 dan 2 telah ditandatangani                  document I and II was signed and JMKT
         dan JMKT telah mencatatkan utang kepada                          recorded the payable to government.
         pemerintah tersebut.




                                                           198
Page 1052
PT JASA MARGA (PERSERO) Tbk                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

46. KONTINJENSI (lanjutan)                                     46. CONTINGENCIES (continued)

    e.   Pengembalian        Investasi    Pemerintah              e. Return   on         Government        Investment
         (lanjutan)                                                  (Continued)

         JMB, Entitas Anak, wajib mengembalikan                        JMB, a subsidiary, is obliged to return the
         investasi Pemerintah sebesar Rp356.800 yang                   Government's investment amounting to
         dilakukan atas pembangunan ruas tol dari Ring                 Rp356,800 made on the construction of toll
         Road Manado sampai dengan SS Air Madidi                       road from Ring Road Manado until SS Air
         sepanjang 14 Km. Investasi tersebut akan                      Madidi ranging 14 Km. The investment will be
         dikembalikan sesuai berita acara yang                         returned according to the minutes attached on
         terlampir   di   PPJT    selambat-lambatnya                   PPJT at the latest in year 2054.
         tahun 2054.

         Meskipun berita acara serah terima belum                      Despite the hand over document is not yet
         ditandatangani, ruas tol tersebut telah                       signed, the toll roads have been operating
         beroperasi     komersial   pada    tanggal                    commercially since October 30, 2020 based on
         30 Oktober 2020 berdasarkan SK Menteri,                       Minister Decree, so since that date, JMB has
         sehingga sejak tanggal tersebut, JMB telah                    recognized the amount payable to the
         mengakui utang kepada Pemerintah tersebut                     Government (Note 22).
         (Catatan 22).

    f.   Kompensasi Pengembalian Aset Tanah                       f.   Compensation for Returning Land Assets
         Jalan Tol Semarang-Demak                                      for Semarang-Demak Toll Road

         Berdasarkan SK Menteri Pekerjaan Umum                         Based on the Decree of the Minister of Public
         No. 367/KPTS/1997 tanggal 29 Agustus 1997.                    Works       No.      367/KPTS/1997      dated
         PT Marga Mawatindo Esprit (MME) dan                           August 29, 1997. PT Marga Mawatindo Esprit
         Perusahaan mendapatkan izin kerja sama                        (MME) and the Company obtained a joint permit
         penyelenggaraan Proyek Jalan Tol Semarang-                    for the implementation of the Semarang-Demak
         Demak.                                                        Toll Road Project.

         Pada    tanggal  20   September    1997                       On September 20, 1997 the construction of the
         pembangunan jalan tol ditangguhkan oleh                       toll road was suspended by the government.
         pemerintah.

         Pada tahun 2001, akibat pengakhiran                           In 2001, due to the termination of the Proxy for
         Perjanjian Kuasa Penyelenggaraan (PKP), PT                    Implementation (PKP), PT MME filed a lawsuit
         MME melakukan gugatan ke Badan Arbitrase                      against the Indonesian National Arbitration
         Nasional Indonesia (BANI).                                    Board (BANI).

         Pada tahun 2002, Perusahaan menerima surat                    In 2002, the Company received a decree from
         keputusan dari BANI yang berisi:                              BANI which contained:
         a. Membayar ganti rugi kepada PT MME                          a. Paid compensation to PT MME amounted
            sebesar Rp8.141 dan bunga 8% per tahun.                         to Rp8,141 and interest of 8% per annum.
         b. Membayar biaya pembebasan tanah                            b. Paid land acquisition costs of Rp11,831
            sebesar Rp11.831 ditambah bunga 8% per                          plus 8% interest per annum.
            tahun.
         c. Membayar biaya arbitrase dan biaya                         c. Paid arbitration fees and administration
            administrasi masing-masing 50%.                               fees of 50% each.

         Pada tanggal 31 Desember 2002, Perusahaan                     On December 31, 2002, the Company has paid
         telah melunasi semua kewajiban.                               all obligation.




                                                         199
Page 1053
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    f.   Kompensasi Pengembalian Aset Tanah                        f.   Compensation for Returning Land Assets
         Jalan Tol Semarang-Demak (lanjutan)                            for Semarang-Demak Toll Road (continued)

         Pada tanggal 27 Mei 2020 atas Berita Acara                     On May 27, 2020, on the Minutes of Handover
         Serah Terima Tanah Bebas Pada Jalan Tol                        of Free Land on the Semarang-Demak Toll
         Semarang-Demak      No.    29/BA-DIR/2020,                     Road No. 29/BA-DIR/2020, No. 6/BA/Db/2020,
         No. 6/BA/Db/2020, No. BA.35/BPJT/2020.                         No. BA.35/BPJT/2020. The Company handed
         Perusahaan menyerahkan Tanah Semarang-                         over the Semarang-Demak land to the
         Demak kepada Dirjen Bina Marga Kementerian                     Directorate General of Highways of the Ministry
         Pekerjaan Umum dan Perumahan Rakyat.                           of Public Works and Housing.

         Sampai dengan diterbitkannya laporan                           Until the issuance of these consolidated
         keuangan konsolidasian belum terdapat                          financial statements, there has been no further
         lanjutan atas pengajuan kompensasi yang                        compensation application officially received by
         secara resmi diterima oleh Perusahaan.                         the Company.

    g.   Gugatan       Perjanjian Pembangunan                       g. Road Interchange Karawang Barat STA
         Simpang     Susun Karawang Barat STA                          47+130 Development Agreement Lawsuit
         47+130

         Pada tanggal 27 November 2007 Perusahaan                       On November 27, 2007 the Company and
         dan PT Maligi Permata Industrial Estate                        PT Maligi Permata Industrial Estate (Maligi)
         (Maligi) telah menandatangani Berita Acara                     signed the Minutes of the Modification of the
         Kesepakatan     Pembangunan      Modifikasi                    West Karawang Interchange Modification
         Simpang Susun Karawang Barat Jalan Tol                         Development Agreement Jakarta-Cikampek
         Jakarta-Cikampek STA 47+130 No. 78/BA-                         Toll Road STA 47+130 No. 78/BA-DIR/2007.
         DIR/2007.

         Pada tanggal 1 Mei 2009, Perusahaan dan                        On May 1, 2009, the Company and Maligi made
         Maligi membuat Perjanjian Pembangunan                          a Modification/ Extension Development
         Modifikasi/  perluasan    Simpang   Susun                      Agreement for the Karawang Barat STA
         Karawang Barat STA. 47+130, dimana                             Interchange. 47+130, where this agreement
         perjanjian ini mencabut perjanjian Akta                        revokes the Deed of Agreement No. 2 dated
         Perjanjian No. 2 tanggal 13 Desember 2001                      December 13, 2001 on the Construction of the
         Pembangunan Modifikasi Simpang Susun                           Modified Intersection of West Karawang as
         Karawang Barat sebagaimana angka 3 di atas.                    stated in number 3 above.

         Kewajiban Maligi berdasarkan perjanjian                        Maligi's obligations under the agreement are
         adalah sebagai berikut:                                        as follows:
         a. Melakukan pembangunan Simpang susun                         a. Carry out construction of Interchanges in
            sesuai dengan Jangka Waktu Membangun                            accordance with the Building Period
            yang ditetapkan oleh Menteri PUPR, yaitu                        stipulated by the Minister of PUPR, which
            2 tahun sejak tanggal 12 Juni 2007.                             is 2 years since June 12, 2007.
         b. Menyerahkan      jaminan    pembangunan                     b. Submit guarantee for the construction of
            Simpang susun berupa Sertifikat Hak Atas                        the Interchange in the form of a Certificate
            Tanah seluas 5.750 m2 yang terletak di                          of Land Rights covering an area of
            Desa Sukaluyu, Kecamatan Teluk Jambe,                           5,750 sqm located in Sukaluyu Village,
            Kab Karawang, Jawa Barat.                                       Teluk Jambe District, Karawang Regency,
                                                                            West Java.
         c.   Melakukan pemeliharaan dan perbaikan                      c. Perform maintenance and repairs to
              terhadap kerusakan simpang susun                              damage to interchanges within a period of
              dalam    jangka      waktu     2    tahun                     2 years after the date of operation, and
              setelah tanggal pengoperasian, serta                          submit maintenance guarantees of 5% of
              menyerahkan     jaminan      pemeliharaan                     the Project Value in the form of a Bank
              sebesar 5% dari Nilai Proyek dalam bentuk                     Guarantee.
              Bank Garansi.



                                                          200
Page 1054
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

46. KONTINJENSI (lanjutan)                                        46. CONTINGENCIES (continued)

    g.   Gugatan      Perjanjian Pembangunan                          g. Road Interchange Karawang Barat STA
         Simpang Susun Karawang Barat STA                                47+130 Development Agreement Lawsuit
         47+130 (lanjutan)                                               (continued)

         d.  Menanggung kekurangan biaya Operation                      d.   Bear     the     shortfall   in    Operation
             Management (OM) sampai akumulasi                                Management (OM) costs until the
             pendapatan tol dalam satu tahun lebih                           accumulated generated toll revenue in one
             besar atau sama besar dengan Biaya OM;                          year is greater or equal to OM Costs; or the
             atau volume lalu lintas aktual di tahun 2014                    actual traffic volume in 2014 has reached
             telah mencapai 49.749 kendaraan per hari.                       49,749 vehicles per day.
         e. Perhitungan kekurangan biaya Operation                       e. The calculation of Operation Management
            Management (OM) dihitung selama satu                            (OM) cost shortages is calculated for one
            tahun dan dilakukan oleh tim yang dibentuk                      year and is carried out by a team formed by
            oleh Perusahaan dan Maligi, dikurangi uang                      the Company and Maligi, minus Rp15,227
            sebesar Rp15.227 yang sudah dibayar oleh                        already paid by Maligi in 2002. The formula
            Maligi pada tahun 2002. Adapun formula                          for calculating the generated toll revenue is
            perhitungan pendapatan tol bangitan diatur                      regulated in Article 10 paragraph 3 of the
            dalam Pasal 10 ayat 3 Perjanjian.                               Agreement .

         Pada tanggal 7 Februari 2013 Perusahaan dan                     On February 7, 2013 the Company and Maligi
         Maligi mengadakan rapat untuk membahas                          held a meeting to discuss the OM fee collection
         mekanisme penagihan biaya OM terkait                            mechanism related to the modification of the
         modifikasi Simpang Susun Karawang Barat.                        West Karawang Intersection. Based on the
         Berdasarkan hasil rapat Direksi Perusahaan                      results of the meeting of the Directors of the
         dan Maligi disepakati membentuk tim Evaluasi                    Company and Maligi which agreed to form an
         Perhitungan kekurangan Biaya OM melalui                         Evaluation Team for the Calculation of OM Cost
         Keputusan Direksi No. 129/KPTS/2013 dan                         Shortfalls    through     Directors     Decree
         274/MPIE/9/13 tanggal 18 September 2013.                        No. 129/KPTS/2013 and 274/MPIE/9/13 dated
                                                                         September 18, 2013.

         Pada tanggal 16 September 2015 Perusahaan                      On September 16, 2015 the Company and
         dan Maligi mengadakan rapat mengenai                           Maligi held a meeting to discuss of the
         pembahasan realisasi biaya operasional dan                     realization of operational and maintenance
         pemeliharaan serta pendapatan tol Simpang                      costs and revenue of the Simpang Susun
         Susun Karawang Barat dengan hasil antara                       Karawang Barat toll road with the results
         lain:                                                          including:

         a.   Maligi menjelaskan bahwa perhitungan                      a.   Maligi explained that the calculation of the
              pendapatan tol bangkitan tidak dapat                           toll revenue cannot be done through an
              dilakukan dengan hanya perjanjian,                             agreement only, but with a traffic review
              melainkan dengan kajian ulang lalu lintas                      conducted by a Consultant in 2008; and
              yang dilakukan oleh Konsultan pada tahun
              2008; dan
         b.   Perusahaan     meminta    Maligi   untuk                  b.   The Company asked Maligi to invite the
              mengundang konsultan studi lalu lintas                         traffic study consultant.
              tersebut.

         Perusahaan melalui surat No. BC.KU02.672                        The      Company        through    a   letter
         tanggal 8 Februari 2017 menyampaikan                            No. BC.KU02.672 dated February 8, 2017
         Tagihan Beban Operasional dan Maintenance                       submitted invoice for the Operational and
         Gerbang Tol Karawang Barat 2 mulai triwulan                     Maintenance Charges of West Karawang Toll
         kedua tahun 2009 sampai dengan triwulan                         Gate 2 from second quarter of 2009 to fourth
         keempat tahun 2016 sejumlah Rp23.068.                           quarter of 2016 totaling Rp23,068.




                                                            201
Page 1055
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

46. KONTINJENSI (lanjutan)                                        46. CONTINGENCIES (continued)
    g.   Gugatan      Perjanjian Pembangunan                          g. Road Interchange Karawang Barat STA
         Simpang Susun Karawang Barat STA                                47+130 Development Agreement Lawsuit
         47+130 (lanjutan)                                               (continued)

         Maligi melalui surat No. 190/FA/III/2017 tanggal                Maligi through a letter No. 190/FA/III/2017
         21 Maret 2017 menyampaikan kepada                               dated March 21, 2017 informed the Company
         Perusahaan bahwa berdasarkan hasil audit                        that based on the audit results conducted by
         yang dilakukan oleh Maligi, total beban yang                    Maligi, the total lost on the West Karawang toll
         atas gerbang tol Karawang Barat yang harus                      gate that must be borne by Maligi was Rp8 and
         ditanggung Maligi adalah Rp8 dan meminta                        requested the Company to revise the invoice
         Perusahaan untuk melakukan revisi atas faktur                   previously sent invoice.
         yang sebelumnya dikirim.

         Pada tanggal 3 Mei 2017, Perusahaan melalui                     On May 3, 2017, the Company through Jakarta-
         Jakarta-Cikampek dan Maligi melaksanakan                        Cikampek and Maligi held a coordination
         rapat koordinasi. Pada rapat tersebut,                          meeting. At the meeting, the Company and
         Perusahaan dan Maligi sepakat untuk                             Maligi agreed to make corrections to the
         melakukan     koreksi     atas    perhitungan                   calculation of OM cost shortages. Due to the
         kekurangan     biaya    OM.    Atas   koreksi                   correction in the calculation, the Company
         perhitungan        tersebut,      Perusahaan                    conveyed the calculation of OM cost shortages
         menyampaikan perhitungan kekurangan biaya                       to become Rp16,722. This fee does not include
         OM menjadi Rp16.722. Biaya ini belum                            deficits that must be borne by Maligi amounting
         termasuk defisit yang harus ditanggung Maligi                   to Rp1,495. The results of this meeting have
         sebesar Rp1.495. Hasil rapat ini telah                          been submitted minutes of the meeting on
         disampaikan notulen rapat pada tanggal                          May 8, 2017 through letter No. CB.TR05.1831.
         8 Mei 2017 melalui surat No. CB.TR05.1831.

         Pada tanggal 20 Juni 2017, Maligi melalui surat                 On June 20, 2017, Maligi via letter
         No. 94/MPIE/VI/2017 mengembalikan faktur                        No. 94/MPIE/VI/2017 return the Company
         tagihan Perusahaan dikarenakan angka dalam                      invoice for bills due to because the figures in the
         faktur berbeda dengan angka berdasarkan                         invoice differ from Maligi’s audit result.
         hasil audit Maligi.

         Selanjutnya,    Maligi    secara     sepihak                    Furthermore, Maligi unilaterally left a shortfall in
         menitipkan kekurangan biaya operasional dan                     operational costs and maintenance of the West
         pemeliharaan Simpang Susun Karawang Barat                       Karawang Interchange to the Karawang District
         ke Pengadilan Negeri Karawang sejumlah                          Court in the amount of Rp7,947 and the
         Rp7.947 dan Pengadilan Negeri Karawang                          Karawang District Court through the East
         melalui Pengadilan Negeri Jakarta Timur telah                   Jakarta District Court submitted the offer to the
         menyampaikan hal penawaran tersebut                             Company on June 22, 2017.
         kepada      Perusahaan      pada     tanggal
         22 Juni 2017.

         Perusahaan, melalui surat No. AA.HK02.1086                      The      Company,        through    a    letter
         tanggal 11 Juli 2017 menolak penawaran Maligi                   No. AA.HK02.1086 dated July 11, 2017
         karena jumlahnya tidak sesuai dengan                            rejected Maligi's offer because the amount did
         kewajiban Maligi dalam perjanjian.                              not match with Maligi's obligations in the
                                                                         agreement.

         Pada tanggal 11 Januari 2019, Perusahaan                        On January 11, 2019, the Company accepted
         menerima relaas panggilan sidang pertama                        the first court summons for a lawsuit filed by
         atas    gugatan   yang     diajukan   Maligi                    Maligi to the Company at the Karawang District
         kepada     Perusahaan    pada     Pengadilan                    Court with case No.104/Pdt/G/2018/PN.Kwg.
         Negeri     Karawang      dengan      perkara                    Through this case, the Company received
         No. 104/Pdt/G/2018/PN.Kwg. melalui relaas                       information that Maligi had first filed a lawsuit on
         tersebut, Perusahaan mendapatkan informasi                      December 20, 2019 without giving a response
         bahwa Maligi telah lebih dahulu mengajukan                      to the subpoena submitted by the Company.
         gugatan pada tanggal 20 Desember 2019
         tanpa memberikan tanggapan atas somasi
         yang disampaikan Perusahaan.

                                                            202
Page 1056
PT JASA MARGA (PERSERO) Tbk                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                    For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

46. KONTINJENSI (lanjutan)                                         46. CONTINGENCIES (continued)

    g.   Gugatan      Perjanjian Pembangunan                           g. Road Interchange Karawang Barat STA
         Simpang Susun Karawang Barat STA                                 47+130 Development Agreement Lawsuit
         47+130 (lanjutan)                                                (continued)

         Dalam gugatannya, Maligi selaku Penggugat                        In the lawsuit, Maligi as the Plaintiff submitted
         menyampaikan dalil dan tuntutan kepada                           the argument and demand to the Company as
         Perusahaan selaku Tergugat, antara lain:                         the Defendant, including:

         a. Dalil:                                                       a. Grounds:
             i. Perhitungan Kekurangan beban biaya                           i. The calculation of the OM Cost
                 OM oleh PT LAPI Ganeshatama telah                              Expense shortage by PT LAPI
                 tepat dan berdasarkan perjanjian.                              Ganeshatama is correct and based on
                 Penggugat mempertimbangkan tabel                               the agreement. The Plaintiff considers
                 layanan gardu rata-rata berdasarkan                            the average substation service table
                 Lampiran IV Akta No. 1 tertanggal 1 Mei                        based on Attachment IV Deed No. 1
                 2008 dan Pasal 10 ayat (7) Akta No. 1                          dated May 1, 2008 and Article 10
                 tertanggal 1 Mei 2009.                                         paragraph (7) Deed No. 1 dated May 1,
                                                                                2009.
             ii. Perjanjian sudah sepatutnya berakhir                       ii. The agreement was duly terminated
                 karena      sudah      tidak       sesuai                      because it was not in accordance with
                 dengan kondisi saat itu. Pasal 10                              the conditions at that time. Article 10
                 ayat (7) Akta No. 1 tertanggal                                 paragraph (7) Deed No. 1 dated
                 1 Mei 2009 digunakan Penggugat                                 May 1, 2009 was used by the Plaintiff as
                 sebagai    pembenaran        perhitungan                       a justification for calculating the shortfall
                 penanggungan kekurangan Biaya OM                               of OM Cost calculated by the Plaintiff
                 yang dihitung Penggugat dan/atau PT                            and/or PT LAPI Ganeshatama.
                 LAPI Ganeshatama.
            iii. Penggugat menyatakan sudah tidak                            iii. The Plaintiff stated that it no longer had
                 memiliki    kewajiban      lagi     untuk                        the obligation to pay OM Fees for the
                 membayar Biaya OM untuk periode                                  period of 2017 onwards, and stated that
                 2017 sampai dengan seterusnya serta                              it had paid the OM Cost for the period
                 menyatakan       telah        melakukan                          2009 to 2016 with the Consignment
                 pembayaran penanggungan Biaya OM                                 mechanism and according to the LAPI
                 periode 2009 sampai dengan 2016                                  Ganeshtama Audit Results the daily
                 dengan mekanisme Konsinyasi dan                                  traffic calculation mechanism was not
                 menurut Hasil Audit LAPI Ganeshatama                             appropriate and would not be met the
                 mekanisme perhitungan lalu lintas                                conditions of termination of the
                 harian sudah tidak sesuai dan tidak                              agreement so that the agreement is
                 akan memenuhi kondisi pengakhiran                                duly terminated.
                 perjanjian sehingga perjanjian sudah
                 sepatutnya berakhir.

         b. Tuntutan:                                                    b. Claims:
              i. Menyatakan sah dan mengikat hasil                            i. Declaring legality and binding on the
                 audit PT LAPI Ganeshatama terkait                               audit results of PT LAPI Ganeshatama
                 dengan perhitungan besaran biaya OM                             related to the calculation of the amount
                 yang harus dibayarkan Penggugat                                 of OM costs that must be paid by the
                 kepada Tergugat, yaitu sebesar                                  Plaintiff to the Defendant, amounting to
                 Rp7.947;                                                        Rp7,947;
             ii. Menyatakan keabsahan dan mengikat                           ii. Stating legality and binding Maligi
                 konsinyasi Maligi kepada Perusahaan;                            consignment to the Company;
            iii. Menyatakan perjanjian berdasarkan                          iii. Declare agreement based on the Deed
                 Akta No. 1 tanggal 1 Mei 2009 antara                            No. 1 dated May 1, 2009 between
                 Maligi dan Perusahaan berakhir;                                 Maligi and the Company ended;
            iv. Menyatakan bahwa Maligi tidak                               iv. Stating that Maligi has no obligation to
                 memiliki     kewajiban     membayar                             pay the OM fee shortage.
                 kekurangan biaya OM.



                                                             203
Page 1057
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    g.   Gugatan      Perjanjian Pembangunan                        g. Road Interchange Karawang Barat STA
         Simpang Susun Karawang Barat STA                              47+130 Development Agreement Lawsuit
         47+130 (lanjutan)                                             (continued)

         Pada tanggal 11 Desember 2019, Majelis                       On December 11, 2019, the Panel of Judges at
         Hakim Pengadilan Karawang membacakan                         the Karawang Court read the case ruling
         amar putusan perkara No. 104/Pdt/G/                          No. 104/Pdt/G/2018/ PN.Kwg are as follows:
         2018/PN.Kwg sebagai berikut:
         a. Menyatakan sah dan mengikat hasil audit                   a.   Declaring legality and binding on the audit
             PT LAPI Ganeshatama terkait dengan                            results of PT LAPI Ganeshatama related to
             perhitungan besaran biaya OM yang harus                       the calculation of the amount of OM costs
             dibayarkan Penggugat kepada Tergugat,                         that the Plaintiff must pay to the Defendant,
             yaitu sebesar Rp7.947;                                        amounting to Rp7,947;
         b. Menyatakan Perjanjian Pembangunan                         b.   Stating      the      Modification/Extension
             Modifikasi/Perluasan Simpang Susun                            Development Agreement for the Karawang
             Karawang Barat Jalan Tol Jakarta-                             Barat Interchange in the Jakarta -
             Cikampek Secara Hibah yang tertuang                           Cikampek Toll Road in a Grant as
             dalam Akta No. 1 tanggal 1 Mei 2009                           stipulated in the Deed No. 1 dated
             antara Maligi dan Perusahaan berakhir;                        May 1, 2009 between Maligi and the
             dan                                                           Company ended; and
         c. Menyatakan Penggugat tidak memiliki                       c.   States the Plaintiff has no obligation to pay
             kewajiban untuk membayar biaya OM pada                        OM fees from 2017 onwards.
             periode 2017 sampai dengan seterusnya.

         Adapun pertimbangan Majelis Hakim dalam                      The consideration of the Panel of Judges in
         memutus perkara tersebut, antara lain:                       deciding the case, among others:
         a. Penggugat      mempunyai      hak    untuk                a. The Plaintiff has the right to conduct an
            melakukan audit setelah tidak tercapainya                     audit after the Joint Team's agreement was
            kesepakatan     Tim     Bersama      dalam                    not reached in determining the OM cost
            menentukan perhitungan biaya OM,                              calculation, therefore the exact OM fee
            sehingga besaran biaya OM yang tepat                          amount is to follow the audit results from PT
            adalah dengan mengikuti hasil audit dari                      LAPI Ganeshatama;
            PT LAPI Ganeshatama;
         b. Terdapat keadaan yang menyebabkan                         b.   There are circumstances which make it
            sulitnya pemenuhan perubahan kondisi                           difficult to meet the changes in conditions
            pengakhiran perjanjian sulit untuk dicapai,                    for terminating the agreement that are
            sehingga Majelis Hakim menyatakan                              difficult to achieve, so the Panel of Judges
            pengakhiran Akta No. 1 tanggal 1 Mei 2009                      declared the termination of the Deed No. 1
            layak untuk dikabulkan.                                        dated May 1, 2009 is eligible to be granted.

         Menanggapi putusan tersebut, Perusahaan                      In response to the ruling, the Company has
         telah melakukan upaya banding tanggal                        made an appeal on December 23, 2019 at the
         23 Desember 2019 pada Pengadilan Tinggi                      High Court of West Java through the
         Jawa Barat melalui Kepaniteraan Pengadilan                   Clerkship of karawang district court. The Panel
         Negeri Karawang. Majelis Hakim pada tingkat                  of Judges at the appeal level has decided the
         banding       telah     memutus     perkara                  case      No.    104/Pdt.G/2018/PN.Kwg        jo.
         No.       104/Pdt.G/2018/PN.Kwg          jo.                 No.      136/PDT/2020/PT.BDG        with     the
         No. 136/PDT/2020/PT.BDG tersebut dengan                      warning of the decision granted the Company’s
         amar putusan mengabulkan permohonan                          appeal     and    overturned    the     decision
         banding Perusahaan dan membatalkan                           No. 104/Pdt.G/2018/PN.Kwg and stated that
         putusan No. 104/Pdt.G/ 2018/PN.Kwg dan                       Maligi's lawsuit was unacceptable.
         menyatakan bahwa gugatan Maligi tidak dapat
         diterima.




                                                          204
Page 1058
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    g.   Gugatan      Perjanjian Pembangunan                        g. Road Interchange Karawang Barat STA
         Simpang Susun Karawang Barat STA                              47+130 Development Agreement Lawsuit
         47+130 (lanjutan)                                             (continued)

         Adapun pertimbangan Majelis Hakim dalam                        The consideration of the Panel of Judges in
         menjatuhi putusan tersebut antara lain gugatan                 updating the ruling, among others, the lawsuit
         yang diajukan Maligi masih bersifat premature                  filed by Maligi is still premature because it is still
         karena masih terikat perjanjian dan konsinyasi                 bound by the agreement and the consignment
         yang dilakukan Maligi tidak serta merta                        made by Maligi does not necessarily eliminate
         menghapuskan perjanjian antara Perusahaan                      the agreement between the Company and
         dan Maligi tersebut.                                           Maligi.

         Pada tanggal 7 September 2020, Perusahaan                      On September 7, 2020, the Company received
         menerima Relas Pemberitahuan Permohonan                        a Notice of Cassation request submitted by
         Kasasi    yang    diajukan     Maligi   kepada                 Maligi to the Company to re-cancel the Appeal
         Perusahaan untuk kembali membatalkan                           Level Decision. In the submission of the
         Putusan Tingkat Banding. Dalam pengajuan                       cassation, Maligi also submitted a cassation
         kasasi tersebut, Maligi juga turut menyerahkan                 memory that reveals the basis of Maligi's
         memori kasasi yang mengungkapkan dasar                         objection or defense against the Appeal Level
         keberatan atau pembelaan Maligi terhadap                       Verdict. Upon the application for cassation
         Putusan Tingkat Banding. Atas permohonan                       submitted by Maligi, the Company filed a
         kasasi yang disampaikan Maligi, Perusahaan                     counter         memory          cassation  on
         mengajukan kontra memori kasasi pada tanggal                   September 18, 2020. On June 3, 2021, the
         18 September 2020. Pada tanggal 3 Juni 2021,                   Panel of Judges of the Supreme Court of
         Majelis Hakim Mahkamah Agung RI telah                          Indonesia decided that has accepted the Maligi
         memutus perkara dengan amar mengabulkan                        cassation so the decision in court of appeal
         upaya kasasi Maligi, sehingga membatalkan                      become nullified and restoring the previous
         putusan pada tingkat banding dan menyatakan                    district court decision in the process.
         kembali bahwa gugatan Maligi diterima.

         Atas dasar hal tersebut, Perusahaan telah                      Based on this, the Company has submitted a
         mengajukan upaya hukum peninjauan kembali                      judicial review to the Supreme Court of
         kepada Mahkamah Agung RI melalui                               Indonesia through Karawang District Court
         Kepaniteraan Pengadilan Negeri Karawang                        Clerk on May 30, 2022.
         pada tanggal 30 Mei 2022.

         Majelis Hakim Mahkamah Agung RI telah                          The panel of judges of the Supreme Court of the
         memutus perkara dengan putusan nomor                           Republic of Indonesia has decided the case with
         1103PK/PDT/2022 yang pada pokoknya                             decision number 1103PK/PDT/2022 which
         menolak permohonan PK Jasa Marga sehingga                      basically rejected Jasa Marga's PK application
         putusan kembali pada putusan Kasasi.                           so that the decision returned to the Cassation
                                                                        decision.

    h.   Gugatan Budhi Yulianor pada Perkara                       h.   Budhi Yulianor's Lawsuit on the Flood
         Ganti Rugi Banjir                                              Compensation Case

         Pada tanggal 27 Oktober 2020, Budhi Yulianor                   On October 27, 2020, Budhi Yulianor sent a
         melayangkan somasi atas terjadinya banjir                      summons on the occurrence of flooding around
         disekitar rumahnya di daerah Rawalumbu,                        his house in the Rawalumbu area, which
         yang menurut Budhi diakibatkan tidak                           according to Budhi was the result of not properly
         dirawatnya dengan baik saluran box culvert                     cared for in Jasa Marga's box culvert channel,
         milik Jasa Marga sehingga menyebabkan                          causing blockage and flooding.
         tersumbat dan banjir.




                                                          205
Page 1059
PT JASA MARGA (PERSERO) Tbk                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

46. KONTINJENSI (lanjutan)                                       46. CONTINGENCIES (continued)

    h.   Gugatan Budhi Yulianor pada Perkara                        h.   Budhi Yulianor's Lawsuit on the Flood
         Ganti Rugi Banjir (lanjutan)                                    Compensation Case (continued)

         Atas somasi tersebut, Budhi Yulianor                            Based on the summons, Budhi Yulianor filed a
         melakukan gugatan terhadap Jasa Marga di                        lawsuit against Jasa Marga at the Bekasi District
         Pengadilan Negeri Bekasi pada tanggal                           Court on February 4, 2021, and demanded
         4 Februari 2021, dan menuntut ganti rugi                        material compensation of Rp180 and immaterial
         materiil sebesar Rp180 dan immateriil                           Rp13,000 for the damage caused by the flood.
         Rp13.000 atas kerusakan yang diakibatkan
         oleh banjir.

         Bahwa dalam proses peradilan pada tingkat                       Whereas in the judicial process at the first level
         pertama di Pengadilan Negeri Bekasi dengan                      at the Bekasi District Court with Case
         No. Perkara 25/Pdt.G/2021/PN.Bks, majelis                       No. 25/Pdt.G/2021/PN.Bks, the panel of judges
         hakim yang memeriksa perkara dimaksud                           examining the case in question decided in the
         memutuskan dalam Putusan Sela menerima                          Decision to accept Jasa Marga's exception in
         eksepsi Jasa Marga dalam kompetensi relatif                     relative competence that the Plaintiff's
         bahwa Permohonan Penggugat tidak dapat                          Application could not be examined because is
                                                                         not the jurisdiction of the Bekasi District Court
         diperiksa karena bukan merupakan Wilayah
                                                                         case but the East Jakarta District Court,
         kewenangannya perkara Pengadilan Negeri
                                                                         therefore the case cannot be continued and the
         Bekasi melainkan Pengadilan Negeri Jakarta                      costs of the proceedings can be charged to the
         Timur, oleh karena itu perkara tidak dapat                      Plaintiff.
         dilanjutkan dan biaya perkara untuk dapat
         dibebankan kepada Penggugat.

         Perkara ini kembali diajukan oleh Budi Yulianor                 This case was again filed by Budi Yulianor to the
         kepada Pengadilan Negeri Jakarta Timur                          East Jakarta District Court with case register
         dengan        nomor       register     perkara                  number 355/Pdt.G/2021/PN.JKT.TIM. The
         355/Pdt.G/2021/PN.JKT.TIM. Adapun duduk                         sitting case is similar to the case registered at
         perkaranya serupa dengan perkara yang                           the Bekasi District Court with case Number
         didaftarkan pada Pengadilan Negeri Bekasi                       355/Pdt.G/2021/PN.JKT.TIM dated February 4,
         dengan       Nomor      perkara     355/Pdt.G/                  2021.
         2021/PN.JKT.TIM tanggal 4 Februari 2021.

         Pada tanggal 11 April 2022 Pengadilan Negeri                    On April 11, 2022, the East Jakarta District
         Jakarta Timur memutus perkara nomor                             Court       ruled     on      case        number
         355/Pdt.G/2021/PN.JKT.TIM.      dengan     isi                  355/Pdt.G/2021/PN.JKT.TIM. with the content
         putusannya     yaitu    menerima      Eksepsi                   of the decision, namely accepting the Plaintiff's
         Penggugat dalam Kompetensi Absolut dimana                       Exception in Absolute Competence where the
         Pengadilan Negeri Jakarta Timur tidak memiliki                  East Jakarta District Court does not have the
         kewenangan     untuk memeriksa perkara                          authority to examine the case as intended. The
         sebagaimana dimaksud. Perkara masih dalam                       case in High Court due to the plaintiff decided to
         tahap banding yang diajukan oleh Penggugat.                     appeal the verdict.

         Pada 20 Oktober 2023 Penggugat mengajukan                       On October 20, 2023 the Plaintiff filed a
         Kasasi, kemudian pada tanggal 1 Desember                        Cassation, then on December 1, 2023 the
         2023 Perusahaan telah mengajukan kontra                         Company has filed a counter Memory
         Memori Kasasi. Sampai dengan diterbitkannya                     Cassation. Until the issuance of these
         laporan keuangan konsolidasian ini perkara                      consolidated financial statements the case is in
         dalam tahap Kasasi.                                             the Cassation stage.




                                                           206
Page 1060
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

46. KONTINJENSI (lanjutan)                                      46. CONTINGENCIES (continued)

    i.   Gugatan Eucharia Binti Neneng S.                          i.   Eucharia Binti Neneng S. Lawsuit

         Pada tanggal 16 November 2021, Eucharia                        On November 16, 2021, Eucharia Binti Neneng
         Binti Neneng S. menggugat Perusahaan di                        S. sued the Company at the Bandung District
         Pengadilan Negeri Bandung. Dalam kasus Ini                     Court. In this case Eucharia Binti Neneng S.
         Eucharia Binti Neneng S. melakukan klaim atas                  made a claim over part of the land owned by the
         sebagian tanah yang di miliki oleh Kementerian                 Ministry of Public Works and Public Housing at
         Pekerjaan Umum dan Perumahan Rakyat yang                       which the concession of Padalarang Cileunyi
         diatasnya terdapat Hak Konsesi Jalan tol                       and Jakarta-Bandung high-speed railway
                                                                        project are located. This lawsuit is the second
         Padalarang-Cileunyi dan juga terdapat proyek
                                                                        lawsuit with a similar subject matter which was
         pembangunan Kereta Api Cepat Jakarta
                                                                        filed on February 22, 2021 under number
         Bandung. Gugatan ini merupakan gugatan                         100/Pdt.G/2021/PN.Bdg. and was dismissed on
         kedua dengan pokok perkara yang serupa                         May 21, 2021.
         yang sempat di ajukan pada 22 Februari 2021
         dengan nomor 100/Pdt.G/2021/PN.Bdg. dan
         dicabut pada 21 Mei 2021.

         Berdasarkan klaim dari Eucharia Binti Neneng                   Based on the claim of Eucharia Binti Neneng S.,
         S., sebagian tanah tersebut adalah miliknya                    part of the land belongs to him because he
         karena telah memiliki Putusan Pengadilan                       already has a Bandung District Court Decision
         Negeri Bandung dan telah dikonsinyasikan                       and has been consigned for compensation by a
         untuk dibayar uang ganti ruginya oleh pihak                    third party.
         ketiga.

         Dalam gugatan tersebut, Eucharia Binti                         In the lawsuit, Eucharia Binti Neneng S.
         Neneng S. pada intinya menggugat untuk                         essentially sued to be able to disburse the
         dapat mencairkan uang ganti kerugian yang                      compensation money that had been constituted
         telah dikonsinyasikan di Pengadilan Negeri                     in the Bandung District Court. Specifically to the
         Bandung. Khusus kepada Perusahaan,                             Company, the Plaintiff demands to stop actions
         Penggugat menuntut untuk menghentikan                          that are considered obstructing the process of
         tindakan yang dianggap menghalangi proses                      disbursement of consignment money as
                                                                        intended. The case was decided on
         pencairan uang konsinyasi sebagaimana
                                                                        December 9, 2022 with a verdict stating that it
         dimaksud. Perkara ini telah diputus pada
                                                                        accepted part of the claim from the Plaintiff.
         tanggal 9 Desember 2022 dengan amar
         putusan menyatakan menerima sebagian
         tuntutan dari Penggugat.

         Pada tanggal 24 Maret 2023 perkara ini telah                   On March 24, 2023, the case was appealed for
         dimohonkan Kasasi di Mahkamah Agung.                           Cassation in the Supreme Court. Until the
         Sampai dengan diterbitkannya laporan                           publication of these consolidated financial
         keuangan konsolidasian ini perkara dalam                       statements, the case is in the Cassation stage.
         tahap Kasasi.




                                                          207
Page 1061
PT JASA MARGA (PERSERO) Tbk                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)

46. KONTINJENSI (lanjutan)                                     46. CONTINGENCIES (continued)

    j.   Gugatan PT Citra Lamtoro Gung Persada                    j.   PT Citra Lamtoro Gung Persada and PT
         dan PT Hanurata                                               Hanurata Lawsuit

         Perkara ini dimulai dari adanya Rapat Umum                    This case started when General Meeting of
         Pemegang Saham Luar Biasa (RUPS) PT                           Shareholders (GMS) of PT Marga Nurindo
         Marga Nurindo Bhakti pada awal Desember                       Bhakti was taken place in early December 2021.
         2021. Dalam RUPS tersebut terdapat suatu                      In that GMS, the decision which related to sale
         keputusan yang dimana terjadinya penjualan                    and purchase of PT Marga Nurindo Bhakti
         saham PT Marga Strukturindo Raya dan PT                       shares from PT Marga Strukturindo Raya dan
         Investakusuma Artha kepada pihak ketiga.                      PT Investakusuma Artha to Third Parties. Such
                                                                       decision made violating the right of two
         Keputusan tersebut menurut PT Citra Lamtoro
                                                                       shareholder namely PT Citra Lamtoro Gung
         Gung Persada dan PT Hanurata sebagai
                                                                       Persada     and    PT     Hanurata    because
         Pemegang Saham PT Marga Nurindo Bhakti                        they could not buy the shares. The tort
         merugikan kepentingannya karena PT Citra                      lawsuit was filled in South Jakarta
         Lamtoro Gung Persada dan PT Hanurata tidak                    District Court with registered number of
         dapat membeli saham yang dijual tersebut.                     1122/Pdt.G/2021/PN.Jkt.Sel.
         Gugatan melawan hukum atas kerugian
         tersebut diajukan di Pengadilan Negeri
         Jakarta      Selatan       dengan     nomor
         1122/Pdt.G/2021/PN.Jkt.Sel.

         Dalam Perkara ini Para Tergugat digugat                       In this case defendants are sued to pay both
         dengan total nominal kerugian material                        material and immaterial damage with total of
         maupun imaterial senilai Rp600.000. Dalam                     Rp600,000. Jasa Marga, in this case, is Co-
         perkara ini Jasa Marga ditetapkan sebagai                     Defendant meaning its involvement in this case
         Turut Tergugat II yang artinya hanya                          is    only    as    fellow     shareholder      in
         dimasukan dalam perkara karena sebagai                        PT Marga Nurindo Bhakti and also to fullfil the
         sesama Pemegang Saham pada PT Marga                           needs of avoiding the claim being
                                                                       incompleteness of parties. This verdict of this
         Nurindo Bhakti serta demi lengkapnya gugatan.
                                                                       case on November 22, 2022 is the lawsuit is
         Perkara ini telah diputus pada tanggal
                                                                       dismissed. The case currently in High Court
         22 November 2022 dengan amar putusan                          due to the plaintiff decided to appeal the
         menyatakan gugatan para penggugat tidak                       verdict. The plaintiffs decided to appeal the
         dapat    diterima.    Penggugat     kemudian                  verdict to High Court. On May 24, 2023, High
         mengajukan banding ke Pengadilan Tinggi.                      Court gave their verdict to reinforce the District
         Pada tanggal 24 Mei 2023, hakim Pengadilan                    Court’s verdict. Until the issuance of these
         Tinggi menguatkan putusan Pengadilan                          consolidated financial statements, the case is
         Negeri. Sampai dengan diterbitkannya laporan                  on the grace period for the parties to appeal to
         keuangan konsolidasian ini, perkara sedang                    Supreme Court.
         dalam tenggang waktu Pengajuan Kasasi.

    k.   Gugatan  Sumarliyah,          Dkk   di   PN              k.   Sumarliyah, et        al's   lawsuit     in   PN
         Temanggung                                                    Temanggung

         Gugatan ini diajukan atas keberatan para                      This lawsuit was filed over the objections of
         warrga yang tinggal di daerah temanggung                      warrga who live in the Temanggung area
         dimana terkena proyek jalan tol jogja-bawen,                  where affected by the Jogja-Bawen toll road
         perusahaan digugat atas dasar sebagai BUJT                    project, the company was sued on the basis
         yang bertanggung jawab atas pembangunan                       that it was the BUJT responsible for the
         jalan tol dimaksud. Para penggugat meminta                    construction of the toll road. The plaintiffs
         nilai atas tanah mereka dinaikkan menjadi                     requested that the value of their land be
                                                                       increased to Rp800,000/M2. Until the issuance
         Rp800.000/M2. Sampai dengan diterbitkannya
                                                                       of these consolidated financial statements, the
         laporan     keuangan     konsolidasian   ini,
                                                                       Company still waiting for the judge's decision.
         Perusahaan masih menunggu putusan hakim.




                                                         208
Page 1062
PT JASA MARGA (PERSERO) Tbk                                                                                                             PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                 FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                       For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                  December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                 (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                unless otherwise stated)

46. KONTINJENSI (lanjutan)                                                                                   46. CONTINGENCIES (continued)

    l.       Gugatan Nurliani,Dkk di PN Medan                                                                      l.        Nurliani, et al's lawsuit in PN Medan

              Gugatan ini diajukan karena penggugat                                                                          This lawsuit was filed because the plaintiff
              mengklaim      mempunyai      tanah  yang                                                                      claimed to have land that had been partly used
              sebahagiannya telah dipergunakan sebagai                                                                       as a facility for the Medan-Binjai toll road but
              fasilitas peruntukan jalan tol Medan-Binjai                                                                    had not received compensation.
              namun belum mendapat ganti untung.


47. SEGMEN OPERASI                                                                                           47. OPERATING SEGMENTS

    Kelompok Usaha dikelola dan dikelompokkan dalam                                                                The Group is managed and classified into bussines
    segmen usaha yang terdiri dari beberapa lini usaha                                                             segments which consist of business line as follow:
    sebagai berikut:
                                                                                                                                                  2023
                                                                                 Usaha Jalan Tol/ Tollroad Business
                                                                                                                             Pengoperasian/        Pemeliharaan/        Bisnis Terkait/     Eliminasi/       Konsolidasian/
                                                                               Induk/          Anak/          Subtotal/
                                                                                                                               Operation            Maintenance        Related Business    Elimination        Consolidated
                                                                               Parent       Subsidiary        Subtotal
    Aset/Assets
    Aset Lancar/ Current Assets
      Kas dan Setara Kas/ Cash and Cash Equivalent                                735.749       2.424.321       3.160.070            595.628               419.424              263.829                -           4.438.951
      Investasi Jangka Pendek/ Short Term Investments                              11.285       1.349.510       1.360.795                   -                     -                    -               -           1.360.795
      Piutang Lain-lain - Neto/ Other Receivables - Net                         3.055.797         630.354       3.686.151            594.048             1.963.226              119.941      (5.097.019)           1.266.347
      Persediaan/ Inventories                                                           -                -               -                  -                4.717              114.773                -             119.490
      Biaya Dibayar Dimuka dan Uang Muka - Neto/
        Prepaid Expenses and Advances - Net                                         9.728          33.068          42.796             12.178                31.108                9.958            (130)              95.910
      Pajak Dibayar Dimuka/ Prepaid Taxes                                               -                -               -            30.738                55.423               48.795                -             134.956
      Dana Dibatasi Penggunaannya/ Restricted Funds                                     -         558.326         558.326                   -                     -                    -               -             558.326
      Aset Lancar Entitas/ Total Current Assets                                 3.812.559       4.995.579       8.808.138           1.232.592            2.473.898              557.296      (5.097.149)           7.974.775

    Aset Tidak Lancar/ Non-Current Assets
      Piutang Lain-lain - Neto/ Other Receivables - Net                                 -         275.000         275.000                   -                      -                   -                 -           275.000
      Dana Dibatasi Penggunaannya/ Restricted Funds                                     -         288.335         288.335              4.448                       -                   -                 -           292.783
      Investasi pada Entitas Asosiasi dan Ventura Bersama - Neto/
        Investment in Associates and Joint Ventures - Net                      39.262.665       4.060.829      43.323.494                   -                    -                9.276     (37.177.065)           6.155.705
      Aset Tetap - Neto/ Fixed Asset - Net                                         86.310          72.289         158.599            114.445              112.951               120.150         (31.744)             474.401
      Properti Investasi - Neto/ Investment Properties - Net                            -                -               -                  -                    -              771.280         (19.723)             751.557
      Aset Tidak Berwujud - Neto/ Intangible Assets - Net
        Hak Pengusahaan Jalan Tol/ Toll Road Concession Rights                 10.361.103     101.945.522     112.306.625                   -                     -                    -     (1.060.331)         111.246.294
        Lain-lain/ Others                                                          43.105          46.990          90.095              6.168                 3.600                9.710                -             109.573
      Goodwill/ Goodwill                                                                -          36.880          36.880                   -                     -                    -          4.969               41.849
      Aset Keuangan Lainnya - Neto/ Other Financial Assets - Net                  148.315                -        148.315             97.031                      -               1.331                -             246.677
      Aset Derivatif Lindung Nilai/ Hedge Derivative Assets                             -          23.142          23.142                   -                     -                    -               -              23.142
      Aset Tidak Lancar Lainnya - Neto/ Other Non-Current Assets - Net            148.704         774.630         923.334             13.981                54.037              811.077         (82.196)           1.720.233
      `                                                                        50.050.202     107.523.617     157.573.819            236.073              170.588             1.722.824     (38.366.090)         121.337.214
    Aset Segmen Dilaporkan/ Segment Assets                                     53.862.761     112.519.196     166.381.957           1.468.665            2.644.486            2.280.120     (43.463.239)         129.311.989



                                                                                                                                                  2023
                                                                                 Usaha Jalan Tol/ Tollroad Business
                                                                                                                             Pengoperasian/        Pemeliharaan/        Bisnis Terkait/     Eliminasi/       Konsolidasian/
                                                                               Induk/          Anak/          Subtotal/
                                                                                                                               Operation            Maintenance        Related Business    Elimination        Consolidated
                                                                               Parent       Subsidiary        Subtotal
    Liabilitas/ Liabilities
    Liabilitas Lancar/ Current Liabilities
      Utang Usaha/ Accounts Payable                                                 6.532         158.490         165.022             69.857                72.231               11.438        (139.318)             179.230
      Utang Kontraktor/ Contractors Payable                                        25.286         300.708         325.994             13.229               222.989               14.932         (16.828)             560.316
      Utang Pajak/ Taxes Payable                                                  239.155         101.775         340.930              8.091                 9.566                5.311                -             363.898
      Beban Akrual/ Accrued Expenses                                            2.629.677       5.762.494       8.392.171            579.894             1.317.233              229.062      (2.397.828)           8.120.532
      Liabilitas Imbalan Kerja Jangka Pendek/
        Short-Term Employee Benefits Liability                                          -               -               -              1.794                       -                   -                 -             1.794
      Utang Bank/ Bank Loan                                                             -       4.499.415       4.499.415                  -                       -                   -                 -         4.499.415
      Utang Lembaga Keuangan Bukan Bank/ Non-Bank Financial Institution Loan            -         908.102         908.102                  -                       -                   -                 -           908.102
      Liabilitas Jangka Panjang yang Jatuh Tempo Dalam Satu Tahun/
        Current Maturities of Long - Term Liabilities
           Utang Bank/ Bank Loan                                                3.750.000       1.322.042       5.072.042                     -                    -                   -                 -         5.072.042
           Utang Lembaga Keuangan Bukan Bank/
              Non-Bank Financial Institution Loan                                200.000                -         200.000                  -                     -                    -                -             200.000
           Liabilitas Pembebasan Tanah/ Land Acquisition Liabilities                   -        1.298.843       1.298.843                  -                     -                    -                -           1.298.843
           Liabilitas Sewa/ Lease Liabilities                                     19.787           19.773          39.560             35.652                 4.557                1.738          (8.876)              72.631
           Provisi Pelapisan Jalan Tol/ Provision for Overlay                    369.418          172.436         541.854                  -                     -                    -                -             541.854
           Pendapatan Diterima di Muka/ Unearned Revenue                             465           27.637          28.102                550                83.544               16.852         (82.324)              46.724
           Liabilitas Keuangan Jangka Pendek Lainnya/
              Other Short-Term Financial Liabilities                              550.671         321.103         871.774            155.877                83.345              126.032        (281.246)             955.782
      Liabilitas Lancar Entitas/ Total Current Liabilities                      7.790.991      14.892.818      22.683.809            864.944             1.793.465              405.365      (2.926.420)          22.821.163




                                                                                             209
Page 1063
PT JASA MARGA (PERSERO) Tbk                                                                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                          unless otherwise stated)

47. SEGMEN OPERASI (lanjutan)                                                                             47. OPERATING SEGMENTS (continued)
                                                                                                                                                          2023
                                                                               Usaha Jalan Tol/ Tollroad Business
                                                                                                                                Pengoperasian/             Pemeliharaan/               Bisnis Terkait/          Eliminasi/            Konsolidasian/
                                                                             Induk/          Anak/          Subtotal/
                                                                                                                                  Operation                 Maintenance               Related Business         Elimination             Consolidated
                                                                             Parent       Subsidiary        Subtotal
    Liabilitas Tidak Lancar/ Non-Current Liabilities
      Liabilitas Pajak Tangguhan/ Deffered Tax Liabilities                      309.802       5.397.285          5.707.087               (62.862)                     7.067                                -                -               5.651.292
      Utang Kontraktor Jangka Panjang/ Long-Term Contractors Payable                  -         490.701            490.701                     -                          -                                -          (2.571)                 488.130
      Beban Akrual Jangka Panjang/ Long-Term Accrued Expenses                         -         715.029            715.029                     -                          -                                -                -                 715.029
      Liabilitas Jangka panjang - Setelah Dikurangi
        Bagian yang Jatuh Tempo dalam Satu Tahun/
           Long-term Liabilities - Net of Current Maturities
              Utang Bank/ Bank Loan                                           9.993.305      47.053.140         57.046.445                           -                           -                         -                      -        57.046.445
              Utang Lembaga Keuangan Bukan Bank/
                  Non-Bank Financial Institution Loan                                 -               -                 -                      -                                 -                   -                      -                       -
              Utang Obligasi/ Bonds Payable                                     897.353               -           897.353                      -                                 -                   -                      -                 897.353
              Liabilitas Pembebasan Tanah/ Land Acquisition Liabilities         109.008         142.059           251.067                      -                                 -                   -                      -                 251.067
              Liabilitas Sewa/ Lease Liabilities                                 27.095          11.847            38.942                 34.712                                 -              31.776               (48.045)                  57.385
              Provisi Pelapisan Jalan Tol/ Provision for Overlay                 94.125         637.524           731.649                      -                                 -                   -                      -                 731.649
              Pendapatan Ditangguhkan/ Deferred Revenues                              -           1.142             1.142                      -                                 -              72.541                      -                  73.683
      Liabilitas Imbalan Kerja Jangka Panjang/
        Long-Term Employee Benefits Liabilities                               1.272.618          16.960          1.289.578                21.763                         295                     4.472                      -               1.316.108
      Liabilitas Derivatif Lindung Nilai/ Hedge Derivative Liabilities                -          67.171             67.171                     -                           -                         -                      -                  67.171
      Liabilitas Jangka Panjang Lainnya/ Other Long-Term Liabilities            218.282       2.326.771          2.545.053                     -                           -                         -            (2.260.745)                 284.308
      Liabilitas Tidak Lancar Entitas/ Total Non-Current Liabilities         12.921.588      56.859.629         69.781.217                (6.387)                      7.362                   108.789            (2.311.361)              67.579.620
    Liabilitas Segmen Dilaporkan/ Segment Liabilities                        20.712.579      71.752.447         92.465.026               858.557                   1.800.827                   514.154            (5.237.781)              90.400.783



                                                                                                                                                          2023
                                                                               Usaha Jalan Tol/ Tollroad Business
                                                                                                                                Pengoperasian/              Pemeliharaan/              Bisnis Terkait/           Eliminasi/           Konsolidasian/
                                                                             Induk/          Anak/          Subtotal/
                                                                                                                                  Operation                  Maintenance              Related Business          Elimination            Consolidated
                                                                             Parent       Subsidiary        Subtotal
    Pendapatan/ Revenues
      Pendapatan Usaha/ Operating Revenues                                    6.981.166       7.070.274         14.051.440             2.100.397                   1.498.379                   617.665            (2.701.899)              15.565.982
      Pendapatan Konstruksi/ Construction Revenues                                   -        5.752.623          5.752.623                     -                           -                         -                     -                5.752.623
      Pendapatan Entitas/ Total Revenues                                      6.981.166      12.822.897         19.804.063             2.100.397                   1.498.379                   617.665            (2.701.899)              21.318.605

    Beban Pendapatan/ Cost of Revenues
     Beban Usaha/ Operating Expense                                          (2.687.808)      (3.038.984)       (5.726.792)            (1.690.807)                  (967.359)                 (550.009)            2.291.711                (6.643.256)
     Beban Konstruksi/ Construction Expenses                                         -        (5.716.823)       (5.716.823)                    -                          -                         -                      -                (5.716.823)
     Laba Bruto/ Gross profit                                                 4.293.358       4.067.090          8.360.448               409.590                    531.020                     67.656             (410.188)                 8.958.526

      Penghasilan Lain - lain/ Other Income                                      88.588          11.328            99.916                 13.249                     32.861                     14.727              (10.646)                   150.107
      (Penghasilan) Keuangan / Financial Income                                 289.054          91.128           380.182                 13.466                     13.387                     17.792             (168.861)                   255.966
      Keuntungan dari pelepasan investasi/ Gain on Divestment                        -         (963.687)         (963.687)                     -                          -                          -                    -                   (963.687)
      Beban Pajak atas Penghasilan Keuangan/
        Tax Expense of Financial Income                                          (9.662)         (15.586)          (25.248)                (2.693)                    (2.677)                      (57)                       -                (30.675)
      Beban Umum dan Administrasi/
        General and Administrative Expenses                                  (1.435.663)       (322.973)        (1.758.636)             (103.966)                   (138.544)                  (66.221)               59.433                (2.007.934)
      Beban Lain - lain/ Other Expenses                                         (48.670)        (36.904)           (85.574)              (20.046)                    (11.763)                  (11.371)                8.657                  (120.097)
      Kerugian dari Nilai Wajar Investasi Jangka Pendek/
        Loss on Fair Value of Short-term Investments                                   -       (963.687)         (963.687)                       -                           -                         -                      -               (963.687)
      Keuntungan dari Nilai Wajar Investasi Asosiasi/
        Gain on Fair Value of Investment in Associates                                 -      3.970.112          3.970.112                       -                           -                         -              47.252                 4.017.364
      Keuntungan Pembelian dengan Diskon/
        Gain on bargain purchase                                                       -      1.058.750          1.058.750                       -                           -                         -                      -              1.058.750
      Laba Usaha/ Profit on operations                                        3.177.005       6.895.571         10.072.576               309.600                    424.284                     22.526             (474.353)               11.318.320

    Laba Rugi/ Profit and Loss
      Biaya Keuangan/ Finance Charges                                        (1.059.128)      (2.693.211)       (3.752.339)                (7.233)                      (398)                   (3.058)              170.676                (3.592.352)
      Bagian Laba-Rugi atas Entitas Asosiasi/
        Net Equity on Associates                                              5.512.818         176.738          5.689.556                       -                           -                     (61)           (5.489.038)                 200.457
      Laba (Rugi) Sebelum Pajak Penghasilan/
        Earning Before Income Tax                                             7.630.695       4.379.098         12.009.793               302.367                    423.886                     19.407            (5.792.715)                7.926.425
      Beban Pajak Penghasilan/ Income Tax                                      (530.159)       (567.887)        (1.098.046)               (68.713)                    (7.324)                    (2.853)                   -                (1.176.936)
      Laba Tahun Berjalan/ Income for the Year                                7.100.536       3.811.211         10.911.747               233.654                    416.562                     16.554            (5.792.715)                6.749.489



                                                                                                                                                         2022
                                                                            Usaha Jalan Tol/ Tollroad Business
                                                                                                                              Pengoperasian/              Pemeliharaan/               Bisnis Terkait/           Eliminasi/            Konsolidasian/
                                                                          Induk/          Anak/          Subtotal/
                                                                                                                                Operation                  Maintenance               Related Business          Elimination             Consolidated
                                                                          Parent        Subsidiary       Subtotal
    Aset/Assets
    Aset Lancar/ Current Assets
      Kas dan Setara Kas/ Cash and Cash Equivalent                         5.359.983        1.898.897         7.258.880               548.447                      257.414                    364.377                     -                 8.429.118
      Investasi Jangka Pendek/ Short Term Investments                         10.672        2.383.335         2.394.007                     -                            -                          -                     -                 2.394.007
      Piutang Lain-lain - Neto/ Other Receivables - Net                    2.967.594          515.086         3.482.680               439.257                    1.309.879                    144.857            (4.151.681)                1.224.992
      Persediaan/ Inventories                                                     -                 -                -                      -                        5.967                     92.660                     -                    98.627
      Biaya Dibayar Dimuka dan Uang Muka - Neto/
        Prepaid Expenses and Advances - Net                                    5.765           12.887           18.652                  4.013                      24.086                      21.525                     -                    68.276
      Pajak Dibayar Dimuka/ Prepaid Taxes                                         -                 -               -                  26.851                      22.891                      36.407                     -                    86.149
      Dana Dibatasi Penggunaannya/ Restricted Funds                               -            67.258           67.258                  3.785                           -                           -                     -                    71.043
      Aset Lancar Entitas/ Total Current Assets                            8.344.014        4.877.463        13.221.477              1.022.353                   1.620.237                    659.826            (4.151.681)               12.372.212

    Aset Tidak Lancar/ Non-Current Assets
      Piutang Lain-lain - Neto/ Other Receivables - Net                           -          115.000           115.000                      -                           -                          -                      -                   115.000
      Dana Dibatasi Penggunaannya/ Restricted Funds                               -          107.821           107.821                      -                      57.955                          -                      -                   165.776
      Investasi pada Entitas Asosiasi dan Ventura Bersama - Neto/
        Investment in Associates and Joint Ventures - Net                 33.256.595        7.654.766        40.911.361                     -                           -                       9.337           (31.946.555)                8.974.143
      Aset Tetap - Neto/ Fixed Asset - Net                                    67.414           35.238           102.652                72.153                     116.970                      69.353                  (412)                  360.716
      Properti Investasi - Neto/ Investment Properties - Net                      -                 -                -                      -                           -                     625.385               (21.096)                  604.289
      Aset Tidak Berwujud - Neto/ Intangible Assets - Net
        Hak Pengusahaan Jalan Tol/ Toll Road Concession Rights            10.042.778       57.609.528        67.652.306                     -                           -                      32.443             (705.087)                66.979.662
        Lain-lain/ Others                                                     49.340            8.589            57.929                 4.790                       6.449                      11.906                    -                     81.074
      Goodwill/ Goodwill                                                          -            36.880            36.880                     -                           -                           -                4.969                     41.849
      Aset Keuangan Lainnya - Neto/ Other Financial Assets - Net             137.616                -           137.616               205.078                           -                       7.001                    -                    349.695
      Aset Tidak Lancar Lainnya - Neto/ Other Non-Current Assets - Net       164.413           36.468           200.881                 6.775                     118.221                     768.927                  (38)                 1.094.766
      Aset Tidak Lancar Entitas/ Total Non-Current Assets                 43.718.156       65.604.290       109.322.446                288.796                     299.595                  1.524.352           (32.668.219)               78.766.970
    Aset Segmen Dilaporkan/ Segment Assets                                52.062.170       70.481.753       122.543.923              1.311.149                   1.919.832                  2.184.178           (36.819.900)               91.139.182




                                                                                           210
Page 1064
PT JASA MARGA (PERSERO) Tbk                                                                                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                        unless otherwise stated)

47. SEGMEN OPERASI (lanjutan)                                                                                      47. OPERATING SEGMENTS (continued)

                                                                                                                                                     2022
                                                                                      Usaha Jalan Tol/ Tollroad Business
                                                                                                                                 Pengoperasian/      Pemeliharaan/        Bisnis Terkait/      Eliminasi/     Konsolidasian/
                                                                                    Induk/           Anak/         Subtotal/       Operation          Maintenance        Related Business     Elimination      Consolidated
                                                                                    Parent         Subsidiary      Subtotal
    Liabilitas/ Liabilities
    Liabilitas Lancar/ Current Liabilities
      Utang Usaha/ Accounts Payable                                                      5.709           97.399       103.108             43.939              66.487                3.244          (82.052)           134.726
      Utang Kontraktor/ Contractors Payable                                             34.114          218.068       252.182             20.042             185.299                8.863           (8.603)           457.783
      Utang Pajak/ Taxes Payable                                                       636.346          114.521       750.867             10.923              13.055               10.964               -             785.809
      Beban Akrual/ Accrued Expenses                                                 1.976.273        3.194.894     5.171.167            369.257             880.901              140.887       (1.337.833)         5.224.379
      Liabilitas Imbalan Kerja Jangka Pendek/
        Short-Term Employee Benefits Liability                                              -                -             -               1.794                   -                    -               -               1.794
      Utang Bank/ Bank Loan                                                           200.000         1.653.174     1.853.174                  -                   -                    -               -           1.853.174
      Liabilitas Jangka Panjang yang Jatuh Tempo Dalam Satu Tahun/
        Current Maturities of Long - Term Liabilities
           Utang Bank/ Bank Loan                                                             -          337.950       337.950             22.227                   -                    -               -             360.177
           Utang Obligasi/ Bonds Payable                                             1.100.350               -      1.100.350                  -                   -                    -               -           1.100.350
           Liabilitas Pembebasan Tanah/ Land Acquisition Liabilities                         -          838.542       838.542                  -                   -                    -               -             838.542
           Liabilitas Sewa/ Lease Liabilities                                           18.256            5.024        23.280                355               5.744                    -               -              29.379
           Provisi pelapisan jalan tol/ Provision for overlay                          337.033          156.209       493.242                  -                   -                    -               -             493.242
           Pendapatan Diterima di Muka/ Unearned Revenue                                14.610            2.540        17.150              4.273               1.927              116.309               -             139.659
           Liabilitas Keuangan Jangka Pendek Lainnya/
              Other Short-Term Financial Liabilities                                  511.991           721.986     1.233.977            195.013              93.299               77.100         (875.415)           723.974
      Liabilitas Lancar Entitas/ Total Current Liabilities                           4.834.682        7.340.307    12.174.989            667.823            1.246.712             357.367       (2.303.903)        12.142.988

    Liabilitas Tidak Lancar/ Non-Current Liabilities
      Liabilitas Pajak Tangguhan/ Deffered Tax Liabilities                            301.865         1.329.853     1.631.718                  -               2.978                  284               -           1.634.980
      Utang Kontraktor Jangka Panjang/ Long-Term Contractors Payable                        -           213.454       213.454                  -                   -                    -               -             213.454
      Beban Akrual Jangka Panjang/ Long-Term Accrued Expenses                               -           693.945       693.945                  -                   -                    -               -             693.945
      Liabilitas jangka panjang - setelah dikurangi
        bagian yang jatuh tempo dalam satu tahun/
           Long-term liabilities - net of current maturities
           Utang Bank/ Bank Loan                                                    17.180.565       29.507.178    46.687.743                  -                   -                    -               -          46.687.743
           Utang Lembaga Keuangan Bukan Bank/ Non-Bank Financial Institution Loan      200.000               -        200.000                  -                   -                    -               -             200.000
           Utang Obligasi/ Bonds Payable                                               895.770               -        895.770                  -                   -                    -               -             895.770
           Liabilitas Pembebasan Tanah/ Land Acquisition Liabilities                   109.008          750.000       859.008                  -                   -                    -               -             859.008
           Liabilitas Sewa/ Lease Liabilities                                           11.290           11.162        22.452             62.061                   -               34.013          (27.412)            91.114
           Provisi pelapisan jalan tol/ Provision for overlay                          114.455          361.509       475.964                  -                   -                    -               -             475.964
      Liabilitas Imbalan Kerja Jangka Panjang/
        Long-Term Employee Benefits Liabilities                                      1.219.002           15.942     1.234.944             17.023                 110                4.031               -           1.256.108
      Liabilitas derivatif lindung nilai/ Hedge derivative Liabilities                       -           90.748        90.748                  -                   -                    -               -              90.748
      Liabilitas Jangka Panjang Lainnya/ Other Long-Term Liabilities                   424.755        1.697.593     2.122.348                  -                   -                    -       (1.846.377)           275.971
      Liabilitas Tidak Lancar Entitas/ Total Non-Current Liabilities                20.456.710       34.671.384    55.128.094             79.084               3.088               38.328       (1.873.789)        53.374.805
    Liabilitas Segmen Dilaporkan/ Segment Liabilities                               25.291.392       42.011.691    67.303.083            746.907            1.249.800             395.695       (4.177.692)        65.517.793



                                                                                                                                                     2022
                                                                                      Usaha Jalan Tol/ Tollroad Business
                                                                                                                                 Pengoperasian/      Pemeliharaan/        Bisnis Terkait/      Eliminasi/     Konsolidasian/
                                                                                    Induk/           Anak/         Subtotal/
                                                                                                                                   Operation          Maintenance        Related Business     Elimination      Consolidated
                                                                                    Parent         Subsidiary      Subtotal
    Pendapatan/ Revenues
      Pendapatan Usaha/ Operating Revenues                                           7.846.420        4.695.467    12.541.887           1.880.023           1.155.661             503.224       (2.298.237)        13.782.558
      Pendapatan Konstruksi/ Construction Revenues                                           -        2.800.291     2.800.291                   -                   -                   -               -           2.800.291
      Pendapatan Entitas/ Total Revenues                                             7.846.420        7.495.758    15.342.178           1.880.023           1.155.661             503.224       (2.298.237)        16.582.849

    Beban Pendapatan/ Cost of Revenues
     Beban Usaha/ Operating Expense                                                 (3.466.186)      (2.239.826)   (5.706.012)         (1.572.471)           (740.819)           (415.467)       2.043.153          (6.391.616)
     Beban Konstruksi/ Construction Expenses                                                -        (2.773.136)   (2.773.136)                 -                   -                   -                 -          (2.773.136)

      Laba Bruto/ Gross profit                                                       4.380.234        2.482.796     6.863.030            307.552             414.842               87.757         (255.084)         7.418.097
      Penghasilan Lain - lain/ Other Income                                            200.586            3.610       204.196               9.597               6.282              24.641           (6.712)            238.004
      (Penghasilan) keuangan / Financial Income                                        270.138           47.611       317.749               5.500               4.832              18.584         (194.244)            152.421
      Keuntungan dari pelepasan investasi/ Gain on Divestment                        2.245.045               -      2.245.045                   -                   -                   -                -           2.245.045
      Beban pajak atas penghasilan keuangan/ Tax Expense of Financial Income            (12.409)         (9.265)      (21.674)             (1.100)               (966)              (3.717)              -              (27.457)
      Beban Umum dan Administrasi/ General and Administrative Expenses              (1.420.866)        (252.933)   (1.673.799)            (88.346)           (122.560)            (59.876)           9.798          (1.934.783)
      Beban Lain - lain/ Other Expenses                                               (572.499)         (38.796)     (611.295)            (46.396)            (28.573)            (27.611)           5.555            (708.320)

      Laba Usaha/ Profit on operations                                               5.090.229        2.233.023     7.323.252            186.807             273.857               39.778         (440.687)         7.383.007

    Laba Rugi/ Profit and Loss
      Biaya Keuangan/ Finance Charges                                               (1.509.180)      (2.559.336)   (4.068.516)             (6.371)               (292)             (3.037)        192.874           (3.885.342)
      Bagian Laba-Rugi atas Entitas Asosiasi/
        Net Equity on Associates                                                      356.103            82.841       438.944                  -                   -                 (241)        (210.573)           228.130
      Laba (Rugi) Sebelum Pajak Penghasilan/
        Earning Before Income Tax                                                    3.937.152         (243.472)    3.693.680            180.436             273.565               36.500         (458.386)          3.725.795
      Beban Pajak Penghasilan/ Income Tax                                             (867.091)        (480.399)   (1.347.490)            (46.546)             (4.215)              (3.836)             -           (1.402.087)
      Laba Tahun Berjalan/ Income for the Year                                       3.070.061         (723.871)    2.346.190            133.890             269.350               32.664         (458.386)          2.323.708




                                                                                                      211
Page 1065
PT JASA MARGA (PERSERO) Tbk                                                                PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN                                          48. FINANCIAL RISK MANAGEMENT

    Bisnis Kelompok Usaha mencakup aktivitas                                 The business of the Group includes risks - taking
    pengambilan risiko dengan sasaran tertentu dengan                        activities with certain target by professional
    pengelolaan yang profesional. Fungsi utama dari                          management. The main function of the risk
    manajemen risiko Kelompok Usaha adalah untuk                             management of the Group is to identify all key risks,
    mengidentifikasi seluruh risiko kunci, mengukur                          to measure these risks and manage risk positions.
    risiko-risiko ini dan mengelola posisi risiko.

    Kelompok Usaha mendefinisikan risiko keuangan                            The Group defines financial risk as the possibility of
    sebagai kemungkinan kerugian atau laba yang                              loss or lost profit, caused by internal factors as well
    hilang, yang disebabkan oleh faktor internal maupun                      as external factors that may potentially have
    faktor eksternal yang berpotensi negatif terhadap                        negative impact on achievement of The Group
    pencapaian tujuan Kelompok Usaha.                                        goals.

    Tujuan Kelompok Usaha dalam mengelola risiko                             The purpose of the Group in managing financial
    keuangan adalah untuk mencapai keseimbangan                              risks is to achieve an appropriate balance between
    yang sesuai antara risiko dan tingkat pengembalian                       risks and returns and minimize potential adverse
    serta meminimalisasi potensi efek memburuknya                            effects of the financial performance of the Group.
    kinerja keuangan Kelompok Usaha.

    Risiko keuangan utama yang dihadapi Kelompok                             The main financial risks of the Group are credit risk,
    Usaha adalah risiko kredit, risiko suku bunga, risiko                    interest rate risk, liquidity risk, foreign currency
    likuiditas, risiko nilai tukar mata uang asing dan                       exchange rates and, social - economic and political
    kondisi ekonomi dan sosial politik. Perhatian atas                       conditions. Attention to this risk management has
    pengelolaan risiko ini telah meningkat secara                            increased significantly by considering changes and
    signifikan dengan mempertimbangan perubahan                              financial market volatility in Indonesia and
    dan volatilitas pasar keuangan di Indonesia dan                          internationally.
    internasional.

    a.   Risiko Kredit                                                       a. Credit Risk

         Risiko kredit adalah risiko dimana salah satu                             Credit risk is the risk that one party of a financial
         pihak dari instrumen keuangan akan gagal                                  instrument will fail to met its obligations and
         memenuhi kewajibannya dan menyebabkan                                     cause the other party to suffer financial losses.
         pihak lain mengalami kerugian keuangan.

         Instrumen keuangan Kelompok Usaha yang                                    The Group’s financial instruments that have the
         mempunyai potensi atas risiko kredit terdiri dari                         potential for credit risk consist of cash and cash
         kas dan setara kas, piutang lain dan investasi                            equivalents, other receivables and certain
         tertentu. Jumlah eksposur risiko kredit                                   investments. Total maximum credit risk
         maksimum sama dengan nilai tercatat atas                                  exposure equal to the carrying value of these
         akun-akun tersebut.                                                       accounts.

                                                                         2023
                                             0 - 1 Tahun/             > 1 Tahun/           Nilai Tercatat/
                                              Year 0 - 1              > 1 Years           Carrying Amount
         Piutang Lain-lain                                                                                                Other Receivables
         Lancar - Bersih                                                                                                       Current - Net
           Pihak Berelasi                            344.226                       -                344.226               Related Parties
           Pihak Ketiga                              922.121                       -                922.121                  Third Parties
         Tidak Lancar                                                                                                           Non-Current
           Pihak Berelasi                                   -                275.000                275.000               Related Parties
         Total                                      1.266.347                275.000              1.541.347                           Total




                                                                212
Page 1066
PT JASA MARGA (PERSERO) Tbk                                                                                                     PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                         FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                           unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                                          48. FINANCIAL RISK MANAGEMENT (continued)

    a.   Risiko Kredit (lanjutan)                                                                         a.        Credit Risk (continued)
                                                                                                   2022
                                                              0 - 1 Tahun/                      > 1 Tahun/                  Nilai Tercatat/
                                                               Year 0 - 1                       > 1 Years                  Carrying Amount
         Piutang Lain-lain                                                                                                                                      Other Receivables
         Lancar - Bersih                                                                                                                                             Current - Net
           Pihak Berelasi                                                   527.578                             -                    527.578                    Related Parties
           Pihak Ketiga                                                     697.414                             -                    697.414                       Third Parties
         Tidak Lancar                                                                                                                                                 Non-Current
           Pihak Berelasi                                                         -                       115.000                    115.000                    Related Parties
         Total                                                             1.224.992                      115.000                   1.339.992                                      Total


    b.   Risiko Mata Uang                                                                                 b.        Currency Risk

         Risiko mata uang adalah risiko fluktuasi nilai                                                             Currency risk is the risk of fluctuations in the
         instrumen    keuangan      yang   disebabkan                                                               value of financial instruments due to changes in
         perubahan nilai tukar mata uang asing.                                                                     foreign currency exchange rates.

         Pendapatan, pendanaan dan sebagian besar                                                                   Revenue, funding and most of the operating
         biaya operasi dari Kelompok Usaha dilakukan                                                                costs of the Group are made in the Rupiah
         dalam mata uang Rupiah oleh karena itu                                                                     currency and therefore the Group do not have
         Kelompok Usaha tidak memiliki eksposur yang                                                                significant exposure to fluctuations in foreign
         signifikan terhadap fluktuasi nilai tukar mata                                                             currency exchange rates.
         uang asing.

    c.   Risiko Likuiditas                                                                                c.        Liquidity Risk

         Risiko likuiditas adalah risiko dimana Kelompok                                                            Liquidity risk is the risk in which the Group will
         Usaha akan mengalami kesulitan dalam rangka                                                                experience difficulties in acquiring funds to
         memperoleh         dana      untuk    memenuhi                                                             meet commitments associated with financial
         komitmennya terkait dengan instrumen                                                                       instruments.
         keuangan.

         Kelompok Usaha mengelola risiko likuiditas                                                                 The Group manages liquidity risk by
         dengan mempertahankan kas dan setara kas                                                                   maintaining sufficient cash and cash
         yang    mencukupi   untuk   memungkinkan                                                                   equivalents to enable the Group to met its
         Kelompok Usaha dalam memenuhi komitmen                                                                     commitment to the normal operation of the
         Kelompok Usaha untuk operasi normal                                                                        Group. In addition, the Group also controls its
         Kelompok Usaha. Selain itu Kelompok Usaha                                                                  cash flow projections and actual cash flow and
         juga melakukan pengawasan proyeksi dan arus                                                                continuously monitors the maturity dates of
         kas aktual secara terus menerus serta                                                                      financial assets and liabilities.
         pengawasan tanggal jatuh tempo aset dan
         kewajiban keuangan.

                                                                                                  2023
                                                                             Lebih Dari 1 Tahun dan
                                                                              Kurang Dari 5 Tahun/
                                                Kurang Dari 1 Tahun/         More Than 1 Year and         Lebih Dari 5 Tahun/         Jumlah/
                                                 Less Than 1 Year             Less Than Five Years        More Than 5 Years            Total


          Liabilitas Keuangan                                                                                                                                       Financial Liabilities
            Utang Usaha                                       179.230                                 -                         -               179.230             Accounts Payable
            Utang Kontraktor                                  560.316                       488.130                             -           1.048.446             Contractors Payable
            Beban Akrual                                    8.120.532                       715.029                             -           8.835.561               Accrued Expenses
            Liabilitas Keuangan Lainnya                       955.782                                 -                         -               955.782      Other Financial Liabilities
            Utang Bank Jangka Pendek                        4.499.415                                 -                         -           4.499.415           Short Term Bank Loan
            Utang Bank Jangka Panjang                       5.072.042                     13.883.035                 43.163.410           62.118.487            Long Term Bank Loan
            Utang Lembaga Keuangan                                                                                                                               Long Term Non-Bank
              Bukan Bank Jangka Panjang                       200.000                                 -                         -               200.000   Financial Institutions Loan
            Liabilitas Pembebasan Tanah                     1.298.843                                 -                251.067              1.549.910      Land Acquisition Liabilities
            Liabilitas Sewa                                    72.631                        57.385                             -               130.016                 Lease Liability
            Utang Obligasi                                             -                    376.050                    521.303                  897.353                Bonds Payable
            Liabilitas Jangka Panjang Lainnya                          -                              -                284.308                  284.308    Other Long Term Liabilities
          Total                                            20.958.791                     15.519.629                 44.220.088           80.698.508                                 Total




                                                                                        213
Page 1067
PT JASA MARGA (PERSERO) Tbk                                                                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                     unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                                           48. FINANCIAL RISK MANAGEMENT (continued)

    c.   Risiko Likuiditas (lanjutan)                                                                   c.     Liquidity Risk (continued)

                                                                                               2022
                                                                          Lebih Dari 1 Tahun dan
                                                                           Kurang Dari 5 Tahun/
                                               Kurang Dari 1 Tahun/        More Than 1 Year and       Lebih Dari 5 Tahun/       Jumlah/
                                                Less Than 1 Year           Less Than Five Years       More Than 5 Years          Total


         Liabilitas Keuangan                                                                                                                                  Financial Liabilities
           Utang Usaha                                       134.726                           -                            -             134.726             Accounts Payable
           Utang Kontraktor                                  457.783                     213.454                            -             671.237           Contractors Payable
           Beban Akrual                                    5.224.379                     693.945                            -         5.918.324               Accrued Expenses
           Liabilitas Keuangan Lainnya                       723.974                           -                            -             723.974      Other Financial Liabilities
           Utang Bank Jangka Pendek                        1.853.174                           -                            -         1.853.174           Short Term Bank Loan
           Utang Bank Jangka Panjang                         360.177                           -                 46.687.743         47.047.920            Long Term Bank Loan
           Utang Lembaga Keuangan                                                                                                                          Long Term Non-Bank
             Bukan Bank Jangka Panjang                                -                        -                   200.000                200.000   Financial Institutions Loan
           Liabilitas Pembebasan Tanah                       838.542                           -                   859.008            1.697.550      Land Acquisition Liabilities
           Liabilitas Sewa                                    29.379                      91.114                            -             120.493                 Lease Liability
           Utang Obligasi                                  1.100.350                     376.050                   519.720            1.996.120                  Bonds Payable
           Liabilitas Jangka Panjang Lainnya                          -                        -                   275.971                275.971    Other Long Term Liabilities
         Total                                            10.722.484                   1.374.563                 48.542.442         60.639.489                                 Total



    d.   Risiko Suku Bunga                                                                              d.     Interest Rate Risk

         Risiko bunga atas arus kas adalah risiko                                                              Interest on the cash flow risk is the risk that
         dimana arus kas masa datang suatu instrumen                                                           future cash flows of a financial instrument will
         keuangan akan berfluktuasi akibat perubahan                                                           fluctuate due to changes in market interest
         suku bunga pasar.                                                                                     rates.

         Eksposur terhadap suku bunga Kelompok                                                                 The Group's exposure to interest rate is
         Usaha terus diawasi dengan melakukan                                                                  monitored continuously by analyzing financial
         analisis terhadap liabilitas keuangan yang                                                            liabilities’s.     For     the      year       ended
         dimiliki.  Pada        tahun   yang    berakhir                                                       December 31, 2023 and 2022, Group has
         31 Desember 2023 dan 2022, Kelompok Usaha                                                             outstanding financial liabilities amounting to
         memiliki    liabilitas     keuangan    sebesar                                                        Rp25,211,003 and Rp24,964,219 which are
         Rp25.211.003 dan           Rp24.964.219 yang                                                          borne       floating   interest    rate.    As      of
         dikenakan suku bunga mengambang. Pada                                                                 December 31, 2023, decrease (increase) 19
         31 Desember 2023, penurunan (kenaikan) 19                                                             base point on financial liabilities interest floating
         poin dasar pada tingkat bunga liabilitas                                                              rate, other variables are constant, equity and
         keuangan bunga mengambang, variabel lain                                                              profit or loss each will increase (decrease)
         dianggap konstan, ekuitas dan laba atau rugi                                                          amounting to Rp48,600.
         masing-masing akan naik (turun) sebesar
         Rp48.600.

    e.   Nilai Wajar                                                                                    e.     Fair Value

         Nilai wajar aset dan liabilitas keuangan                                                              The fair value of financial assets and financial
         diestimasi untuk keperluan pengakuan dan                                                              liabilities must be estimated for recognition and
         pengukuran        atau     untuk     keperluan                                                        measurement or for disclosure purposes. The
         pengungkapan. Aset dan liabilitas keuangan                                                            Group’s financial assets and liabilities that are
         Kelompok Usaha yang diukur dan diakui pada                                                            measured and recognized at fair value are
         nilai wajar adalah piutang dan utang derivatif.                                                       derivative receivables and payables.

         Nilai wajar untuk instrumen keuangan yang                                                             The fair value of financial instruments traded in
         diperdagangkan di pasar aktif ditentukan                                                              active markets is based on quoted market
         berdasarkan kuotasi nilai pasar pada tanggal                                                          prices at the reporting date. The quoted market
         pelaporan. Kuotasi nilai pasar yang digunakan                                                         price used for financial assets held by the
         Kelompok Usaha untuk aset keuangan adalah                                                             Group is the current bid price, for financial
         harga penawaran (bid price), sedangkan untuk                                                          liabilities is the current ask price.
         liabilitas keuangan adalah harga permintaan
         (ask price).


                                                                                      214
Page 1068
PT JASA MARGA (PERSERO) Tbk                                                                      PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                           unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                   48. FINANCIAL RISK MANAGEMENT (continued)

    e.   Nilai Wajar (lanjutan)                                                 e.    Fair Value (continued)

         Nilai wajar instrumen keuangan yang tidak                                    The fair value of financial instruments that are
         diperdagangkan di pasar aktif ditentukan                                     not traded in an active market is determined
         dengan menggunakan teknik penilaian tertentu.                                using valuation techniques. These valuation
         Teknik tersebut menggunakan data pasar yang                                  techniques maximize the use of observable
         dapat diobservasi sepanjang tersedia, dan                                    market data where it is available and rely as
         seminimal mungkin mengacu pada estimasi,                                     little as possible on estimates, if all significant
         apabila seluruh input signifikan atas nilai wajar                            inputs required to fair value an instrument are
         dapat diobservasi.                                                           observable.

         Jika satu atau lebih input yang signifikan tidak                             If one or more of the significant inputs is not
         berdasarkan       data   pasar     yang    dapat                             based on observable market data, specific
         diobservasi, teknik penilaian tertentu digunakan                             valuation techniques are used to value financial
         untuk menentukan nilai instrumen keuangan                                    instrument include:
         mencakup:
         •    Penggunaan harga yang diperoleh dari                                    •       The use of quoted market prices or dealer
              bursa atau pedagang efek untuk instrumen                                        quotes for similar instruments and;
              sejenis dan;
         •    Teknik lain seperti analisis arus kas yang                              •       Other techniques such as discounted cash
              didiskonto digunakan untuk menentukan                                           flows analysis are used to determine fair
              nilai wajar instrumen keuangan lainnya.                                         value for the remaining financial
                                                                                              instruments.

         Tabel di bawah ini menggambarkan nilai                                       The fair values of financial assets and liabilities,
         tercatat dan nilai wajar dari aset dan liabilitas                            together with the carrying amounts, are as
         keuangan:                                                                    follow:

                                                                         2023
                                                       Nilai Tercatat/           Nilai Wajar/
                                                       Carrying Value            Fair Value
         Aset Keuangan                                                                                                               Financial Assets
           Kas dan setara kas                                   4.438.951                 4.438.951                      Cash and cash equivalents
           Dana dibatasi penggunaannya                            851.109                   851.109                                 Restricted funds
           Piutang lain-lain                                    1.541.347                 1.541.347                               Other receivables
           Investasi jangka pendek                              1.360.795                 1.360.795                         Short-term investments
           Aset tidak lancar lainnya - neto                       246.677                   246.677                      Other financial assets - net
         Total                                                  8.438.879                 8.438.879                                              Total

         Liabilitas Keuangan                                                                                                      Financial Liabilities
           Utang kontraktor jangka pendek                        560.316                    560.316                  Short-term contractors payable
           Utang kontraktor jangka panjang                       488.130                    488.130                  Long-term contractors payable
           Utang usaha                                           179.230                    179.230                                Accounts payable
           Beban akrual                                        8.120.532                  8.120.532                                 Accrued expense
           Utang bank jangka pendek                            4.499.415                  4.499.415                             Short-term bank loan
           Utang lembaga keuangan bukan bank                     200.000                    200.000              Non-bank financial institutions loan
           Beban akrual jangka panjang                           715.029                    715.029                      Long-term accrued expense
           Liabilitas keuangan jangka pendek lainnya             955.782                    955.782              Other short-term financial liabilities
           Liabilitas jangka panjang yang jatuh                                                                    Current maturities of long - term
             tempo dalam satu tahun                                                                                                      Liabilities
             Liabilitas pembebasan tanah                       1.298.843                  1.298.843                     Land acquisition liabilities
             Utang bank                                        5.072.042                  5.072.042                                     Bank loans
             Liabilitas sewa                                      72.631                     72.631                               Lease liabilities
           Liabilitas jangka panjang-setelah
             dikurangi bagian yang jatuh tempo                                                                            Long - term liabilities net
             dalam satu tahun                                                                                                   of current maturity
             Utang bank                                       57.046.445              57.046.445                                        Bank loans
             Liabilitas sewa                                      57.385                  57.385                                   Lease liabilities
             Liabilitas pembebasan tanah                         251.067                 251.067                       Land acquisition liabilities
             Utang obligasi                                      897.353                 897.353                                    Bonds payable
             Liabilitas jangka panjang lainnya                   284.308                 284.308                        Other long-term liabilities
         Total                                                80.698.508              80.698.508                                                 Total




                                                               215
Page 1069
PT JASA MARGA (PERSERO) Tbk                                                                         PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                            unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                    48. FINANCIAL RISK MANAGEMENT (continued)

    e.   Nilai Wajar (lanjutan)                                                 e.      Fair Value (continued)

                                                                         2022
                                                       Nilai Tercatat/               Nilai Wajar/
                                                       Carrying Value                Fair Value
         Aset Keuangan                                                                                                          Financial Assets
           Kas dan setara kas                                   8.429.118                  8.429.118                Cash and cash equivalents
           Dana dibatasi penggunaannya                            236.819                    236.819                           Restricted funds
           Piutang lain-lain                                    1.339.992                  1.339.992                         Other receivables
           Investasi jangka pendek                              2.394.007                  2.394.007                   Short term investments
           Aset keuangan lainnya                                  349.695                    349.695                Other financial assets - net
         Total                                                12.749.631                  12.749.631                                         Total


         Liabilitas Keuangan                                                                                                 Financial Liabilities
           Utang kontraktor jangka pendek                        457.783                     457.783            Short-term contractors payable
           Utang kontraktor jangka panjang                       213.454                     213.454            Long-term contractors payable
           Utang usaha                                           134.726                     134.726                          Accounts payable
           Beban akrual                                        5.224.379                   5.224.379                           Accrued expense
           Utang bank jangka pendek                            1.853.174                   1.853.174                       Short-term bank loan
           Beban akrual jangka panjang                           693.945                     693.945                Long-term accrued expense
           Liabilitas keuangan jangka pendek lainnya             723.974                     723.974        Other short-term financial liabilities
           Liabilitas jangka panjang yang jatuh                                                               Current maturities of long - term
             tempo dalam satu tahun                                                                                                 Liabilities
             Liabilitas pembebasan tanah                         838.542                     838.542               Land acquisition liabilities
             Utang bank                                          360.177                     360.177                               Bank loans
             Utang obligasi                                    1.100.350                   1.100.350                           Bonds payable
             Liabilitas sewa                                      29.379                      29.379                         Lease liabilities
           Liabilitas jangka panjang-setelah
             dikurangi bagian yang jatuh tempo                                                                        Long - term liabilities net
             dalam satu tahun                                                                                             of current maturity
             Utang bank                                       46.687.743                  46.687.743                               Bank loans
             Utang lembaga keuangan bukan bank                   200.000                     200.000      Non-bank financial institutions loan
             Liabilitas sewa                                      91.114                      91.114                         Lease liabilities
             Liabilitas pembebasan tanah                         859.008                     859.008             Land acquisition liabilities
             Utang obligasi                                      895.770                     895.770                          Bonds payable
             Liabilitas jangka panjang lainnya                   275.971                     275.971              Other long-term liabilities
         Total                                                60.639.489                  60.639.489                                         Total


    f.   Manajemen Permodalan                                                   f.      Capital Management

         Konsisten dengan entitas lain dalam industri,                                  Consistent with other companies in the
         Kelompok Usaha memonitor modal dengan                                          industry, The Group monitors capital on the
         dasar rasio utang terhadap modal yang                                          basis of the ratio of adjusted debt to capital.
         disesuaikan. Rasio ini dihitung sebagai berikut:                               This ratio is calculated as follows: net debt
         utang neto dibagi modal yang disesuaikan.                                      divided by adjusted capital. Net debt is total
         Utang     neto     merupakan       total utang                                 debt (as the amount in the statement of financial
         (sebagaimana jumlah dalam laporan posisi                                       position) less cash and cash equivalents.
         keuangan) dikurangi kas dan setara kas. Modal                                  Adjusted capital comprises all components of
         yang disesuaikan terdiri dari seluruh komponen                                 equity (including capital stock).
         ekuitas (meliputi modal saham).




                                                                  216
Page 1070
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                            For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

48. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                48. FINANCIAL RISK MANAGEMENT (continued)
    f.    Manajemen Permodalan (lanjutan)                                  f.    Capital Management (continued)
          Selama tahun 31 Desember 2023 dan 2022,                                During the year of December 31, 2023 and
          strategi Kelompok Usaha tidak berubah yaitu                            2022, the Group’s strategy has not changed,
          mempertahankan rasio utang terhadap ekuitas                            namely, to maintain the debt to equity ratio at
          sebesar maksimum 5:1. Rasio utang terhadap                             maximum 5:1. The ratio of debt to equity are as
          ekuitas adalah sebagai berikut:                                        follows:
                                                       2023                      2022
          Liabilitas Jangka Pendek                        22.821.163                12.142.988                         Short-term Liabilities
          Liabiltas Jangka Panjang                        67.579.620                53.374.805                          Long-term Liabilities
          Total Liabilitas                                90.400.783                65.517.793                              Total Liabilities
          Dikurangi: Kas dan Setara Kas                   (4.438.951)               (8.429.118)             Less: Cash and cash equivalents
          Liabilitas - Bersih                             85.961.832                57.088.675                              Liablilities - Net
          Total Ekuitas                                   38.911.206                25.621.389                                  Total Equity
          Rasio Utang terhadap Ekuitas                        2,2 : 1                   2,2 : 1                        Debt to Equity Ratio

          Tujuan dari Kelompok Usaha dalam mengelola                             The Group’s purpose in managing capital is to
          permodalan     adalah     untuk       melindungi                       protect the ability of the Group in maintaining
          kemampuan       Kelompok      Usaha       dalam                        business continuity, so that entities can still
          mempertahankan kelangsungan usaha, sehingga                            deliver results for shareholders and benefits for
          entitas dapat tetap memberikan hasil bagi                              other stakeholders, and to provide adequate
          pemegang saham dan manfaat bagi pemangku                               returns to shareholders by pricing products and
          kepentingan lainnya, dan untuk memberikan                              services that are commensurate with the level
          imbal hasil yang memadai kepada pemegang                               of risk.
          saham dengan menentukan harga produk dan
          jasa yang sepadan dengan tingkat risiko.
          Kelompok Usaha menetapkan sejumlah rasio                               The Group set a number of capital ratios
          modal sesuai proporsi terhadap risiko.                                 proportion to the risk. The Group manages its
          Kelompok Usaha mengelola struktur modal dan                            capital structure and makes adjustments taking
          membuat penyesuaian dengan memperhatikan                               into account changes in economic conditions
          perubahan kondisi ekonomi dan karakteristik                            and risk characteristics of the underlying asset.
          risiko aset yang mendasari.


49. TRANSAKSI YANG TIDAK MEMENGARUHI                                    49. NON-CASH       TRANSACTIONS      AND
    ARUS KAS DAN REKONSILIASI YANG TIMBUL                                   RECONCILIATION OF LIABILITIES ARISING
    DARI AKTIVITAS PENDANAAN                                                FROM FINANCING ACTIVITIES
    Informasi tambahan atas laporan arus kas terkait                       Supplemental cash flows information related to non-
    aktivitas investasi non-kas dan pendanaan adalah                       cash investing and financing activities is as follows:
    sebagai berikut:
                                                      2023                  2022
    Aset Takberwujud -                                                                                                        Intangible Assets -
      Hak Pengusahaan Jalan Tol                         2.719.033                  117.803                       Toll Road Concession Rights
      Lainnya                                                 -                      1.726                                              Others
    Aset Tetap                                            108.254                   65.576                                          Fixed Asset
    Pengurangan Aset Tetap karena                                                                                Reduction of Fixed Assets Due
      Divestasi Entitas Anak                                     -                  (1.876)                      to Divestment of Subsidiaries
    Pembagian Dividen kepada                                                                                             Dividend Distribution to
      Entitas Nonpengendali                                     (464)                 (203)                            Non-controlling Interest
    Penambahan Investasi Entitas Asosiasi dan                                                         Increase in Investment in Associates and
      Ventura Bersama akibat Dekonsolidasi                       -              1.915.407               Joint Venture due to Deconsolidation
    (Kerugian)/Keuntungan Belum Direalisasi dari                                                                       Unrealized (Losses)/ Gain
      Investasi Jangka Pendek                                (46.237)              116.310                          of Short-Term Investments
    Pengurangan Investasi Jangka Pendek                                                                     Deduction in Short-term Investment
      Akibat Konsolidasi                                (2.892.928)                    -                                  due to Consolidation
    Pengurangan Investasi Entitas Asosiasi dan                                                       Decrease in Investment in Associates and
      Ventura Bersama akibat Konsolidasi                (3.735.227)                    -                   Joint Venture due to Consolidation
    Penambahan Utang Pajak PPh Pasal 29                                                                      Increase in PPh Article 29 Payable
      Akibat Konsolidasi                                       9.696                   -                                  due to Consolidation
    Penambahan Dana Dibatasi Penggunaannya                                                                           Increase in Restricted Cash
      Akibat Konsolidasi                                     636.979                   -                                  due to Consolidation



                                                               217
Page 1071
PT JASA MARGA (PERSERO) Tbk                                                                   PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                  For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                           unless otherwise stated)

49. TRANSAKSI YANG TIDAK MEMENGARUHI                                     49. NON-CASH       TRANSACTIONS           AND
    ARUS KAS DAN REKONSILIASI YANG TIMBUL                                    RECONCILIATION OF LIABILITIES ARISING
    DARI AKTIVITAS PENDANAAN (lanjutan)                                      FROM FINANCING ACTIVITIES (continued)

                                                                       2023
                                  1 Januari 2023/    Arus Kas/                Lainnya/        31 Desember 2023/
                                  January 1, 2023   Cash Flows                 Others         December 31, 2023
    Utang Bank                         48.901.094       1.105.297               16.611.511            66.617.902                    Bank Loans
    Utang Lembaga Keuangan                                                                                                  Non Bank Financial
      Bukan Bank                          200.000          908.102                    -                1.108.102             Institutions Loan
    Utang Obligasi                      1.996.120       (1.100.350)                 1.583                897.353                Bonds Payable
    Liabilitas Pembebasan Tanah         1.697.550         (147.640)                   -                1.549.910      Land Acquisition Liabilites
    Liabilitas Sewa                       120.493         (144.774)               154.297                130.016                 Lease Liability
    Liabilitas Jangka Panjang
       Lainnya - Pinjaman dari                                                                                        Other Long-term Liabilities
      Pemegang Saham Minoritas             33.872               -                        -                33.872 - Minority Shareholders Loan
    Total Liabilitas dari                                                                                                  Total Liabilities from
       Aktivitas Pendanaan             52.949.129         620.635               16.767.391            70.337.155         Financing Activities


                                                                       2022
                                  1 Januari 2022/    Arus Kas/                Lainnya/        31 Desember 2022/
                                  January 1, 2022   Cash Flows                 Others         December 31, 2022
    Utang Bank                         58.296.833         923.230              (10.318.969)           48.901.094                    Bank Loans
    Utang Lembaga Keuangan                                                                                                  Non Bank Financial
      Bukan Bank                        1.342.660      (1.149.300)                   6.640               200.000             Institutions Loan
    Utang Obligasi                      1.994.185             -                      1.935             1.996.120                Bonds Payable
    Liabilitas Pembebasan Tanah         1.697.550             -                        -               1.697.550      Land Acquisition Liabilites
    Liabilitas Sewa                       114.487         (76.710)                  82.716               120.493                 Lease Liability
    Liabilitas Jangka Panjang
       Lainnya - Pinjaman dari                                                                                        Other Long-term Liabilities
      Pemegang Saham Minoritas             37.893            (4.021)                     -                33.872 - Minority Shareholders Loan
    Total Liabilitas dari                                                                                                  Total Liabilities from
       Aktivitas Pendanaan             63.483.608        (306.801)             (10.227.678)           52.949.129         Financing Activities


    Pada akhir tahun 31 Desember 2023, kolom “Lainnya”                          At the end of year December 31, 2023, the “Others”
    merupakan pengakuan liabilitas keuangan akibat                              column represents recognition of financial liabilities
    konsolidasi JSN, JNK, dan JSB, penambahan pokok                             resulting from the consolidation of JSN, JNK, and
    pinjaman Kredit Investasi Interest During Construction                      JSB, addition to Interest During Construction (IDC)
    (IDC), biaya transaksi pinjaman neto yang belum                             Investment Credit Loan Principal, net unamortized
    diamortisasi dan dampak dari penerapan PSAK 73.                             loan transaction cost and impact of PSAK 73
                                                                                Implementation.
    Pada akhir tahun 31 Desember 2022 kolom “Lainnya”                           At the end of year December 31, 2022, the "Others"
    merupakan      penghentian    pengakuan     liabilitas                      column represents derecognition of financial
    keuangan JJC, penambahan pokok pinjaman Kredit                              liabilities of JJC, addition to Interest During
    Investasi Interest During Construction (IDC), biaya                         Construction (IDC) Investment Credit Loan
    transaksi pinjaman neto yang belum diamortisasi dan                         Principal, net unamortized loan transaction cost and
    dampak dari penerapan PSAK 73.                                              the impact of the implementation of PSAK 73.




                                                              218
Page 1072
PT JASA MARGA (PERSERO) Tbk                                                                                                  PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                                                                        AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                                                                      FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                                                                   For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                                                                              December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                                                             (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                                                                            unless otherwise stated)

50. REKLASIFIKASI AKUN                                                                          50. RECLASSIFICATION OF ACCOUNTS

    Beberapa akun dalam laporan keuangan yang                                                              Several accounts in the financial statements ended
    berakhir pada 31 Desember 2022 telah direklasifikasi                                                   December 31, 2022 have been reclassified
    sesuai dengan penyajian laporan keuangan untuk                                                         according to the presentation of financial statements
    tujuan perbandingan.                                                                                   for comparison purposes.
                                                                                           2022
                                                            Sebelum Reklasifikasi/     Reklasifikasi/       Setelah Reklasifikasi/
                                                            Before Reclassification   Reclassification      After Reclassification

    LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                                                                             CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
    Piutang Lain-lain - Lancar                                                                                                                                    Other Receivables - Current
      Pihak Berelasi (Catatan 44)                                                                                                                                   Related Parties (Notes 44)
        PT Jasamarga Jalanlayang Cikampek                                 245.264              (115.000)                  130.264         PT Jasamarga Jalanlayang Cikampek

    Piutang Lain-lain - Tidak Lancar                                                                                                                          Other Receivables - Non-Current
      Pihak Berelasi (Catatan 44)                                                                                                                                    Related Parties (Notes 44)
        PT Jasamarga Jalanlayang Cikampek                                     -                 115.000                   115.000                        PT Jasamarga Jalanlayang Cikampek
                                                                          245.264                                         245.264


    LAPORAN ARUS KAS KONSOLIDASIAN                                                                                                              CONSOLIDATED STATEMENT OF CASH FLOW
    ARUS KAS DARI AKTIVITAS                                                                                                                              CASH FLOWS FROM OPERATING
      OPERASI                                                                                                                                                                  ACTIVITIES
      Penerimaan kas dari pendapatan lainnya                              1.261.431             (70.257)                1.191.174                        Cash receipts from other revenues
      Pembayaran kepada pemasok                                         (3.476.662)              13.526                (3.463.136)                                  Cash paid to suppliers
      Pembayaran kepada Karyawan                                        (2.411.573)             567.690                (1.843.883)                                  Cash paid to suppliers
                                                                        (4.626.804)             510.959                (4.115.845)

     ARUS KAS DARI AKTIVITAS                                                                                                                                   CASH FLOWS FROM INVESTING
      INVESTASI                                                                                                                                                                      ACTIVITIES
      Penambahan investasi asosiasi dan                                                                                                                                 Addition of investment in
        ventura bersama                                                   (370.803)                (822)                 (371.625)             associates and joint ventures - net
      Penambahan hak pengusahaan jalan tol                              (3.828.493)            (538.933)               (4.367.426)                    Acquisitions of toll road concession rights

      Penerimaan dividen atas Investasi Asosiasi
                                                                               -                  1.822                     1.822              Receipt of dividends on investment in associates
      Penerimaan dividen atas aset keuangan                                    -                 10.866                    10.866                       Receipt of dividends on financial assets
      Penambahan aset tidak lancar lainnya                                 (11.207)             (42.283)                  (53.490)                      Acquisitions of other non-current assets
      Pelepasan investasi jangka pendek                                        -                125.391                   125.391                              Disposal of short-term investment
      Penambahan investasi jangka pendek                                  (989.602)             (67.000)               (1.056.602)                             Addition of short-term investment
                                                                        (5.478.450)            (510.959)               (5.989.409)




51. PERISTIWA - PERISTIWA SETELAH TANGGAL                                                       51. EVENTS AFTER THE REPORTING DATE
    PELAPORAN

    1.     Berdasarkan Akta Notaris No. 02 tanggal 30                                                      1.   Based on Notarial Deed No. 02 dated January
           Januari 2024 dari Notaris Inne Kusumawati,                                                           30, 2024 from Notary Inne Kusumawati, S.H., it
           S.H., dijelaskan bahwa Perusahaan melakukan                                                          was explained that the Company transferred
           pengalihan saham melalui proses lelang milik                                                         shares through an auction process belonging to
           PT Istaka Karya (Persero) (Dalam Pailit)                                                             PT Istaka Karya (Persero) (In Bankruptcy)
           sebanyak 231.069 lembar saham dengan nilai                                                           totaling 231,069 shares with a nominal value of
           nominal Rp2.103                                                                                      Rp2,103

    2.     Pada tanggal 01 Februari 2024, Perusahaan                                                       2.   On February 1, 2024, the Company made a
           melakukan pembayaran utang bank sebesar                                                              bank debt payment of Rp200,000 to PT Bank
           Rp200.000 pada PT Bank Mandiri (Persero)                                                             Mandiri (Persero) Tbk.
           Tbk.

    3.     Berdasarkan Keputusan Menteri Pekerjaan                                                         3.   Based on the Decree of the Minister of Public
           Umum dan Perumahan Rakyat (PUPR) No.                                                                 Works and Public Housing (PUPR) No.
           254/KPTS/M/2024 tanggal 2 Februari 2024, tarif                                                       254/KPTS/M/2024 dated February 2, 2024, the
           tol terjauh ruas Junction Serpong - Pamulang,                                                        farthest toll rates of the Serpong - Pamulang
           yang dioperasikan oleh PT Cinere Serpong                                                             Junction section, operated by PT Cinere
           Jaya adalah sebagai berikut:                                                                         Serpong Jaya are as follows:
                                                                                                                                     Golongan/Group
              No                                   Ruas/ Section
                                                                                                       I                    II              III       IV                               V
               1      Junction Serpong - Pamulang                                                   12.000               18.000          18.000     24.000                          24.000




                                                                                      219
Page 1073
PT JASA MARGA (PERSERO) Tbk                                                 PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                               For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

51. PERISTIWA - PERISTIWA SETELAH TANGGAL                     51. EVENTS AFTER          THE    REPORTING         DATE
    PELAPORAN (lanjutan)                                          (continued)

    4.   Berdasarkan Akta Notaris No. 07 tanggal                 4.   Based on Notarial Deed No. 07 dated February
         2 Februari 2024 dari Notaris Ir. Nanette                     2, 2024 from Notary Ir. Nanette Cahyanie
         Cahyanie Handari Adi Warsito, S.H.,                          Handari Adi Warsito, S.H., the Company
         Perusahaan melakukan penyertaan modal                        invested in PT Jasamarga Jogja Bawen of
         perseroan secara tunai kepada PT Jasamarga                   Rp105,463 or as many as 105,463 shares in
         Jogja Bawen sebesar Rp105.463 atau                           cash.
         sebanyak 105.463 lembar saham.

    5.   Berdasarkan perubahan perjanjian nomor                  5.   Based on the amendment of agreement number
         014/PP/EB/0124 tanggal 5 Februari 2024,                      014/PP/EB/0124 dated February 5, 2024,
         PT Bank Danamon Indonesia Tbk menyetujui                     PT Bank Danamon Indonesia Tbk approved the
         usulan Perusahaan untuk mengubah jangka                      Company's proposal to change the Credit
         waktu Fasilitas Kredit yang semula berakhir                  Facility period which originally ended on
         tanggal 21 Oktober 2024 menjadi tanggal                      October 21, 2024 to October 21, 2026.
         21 Oktober 2026.

    6.   Berdasarkan perubahan perjanjian nomor                  6.   Based on the amendment of agreement number
         015/PP/EB-Syariah/0124 tanggal 5 Februari                    015/PP/EB-Syariah/0124 dated February 5,
         2024, PT Bank Danamon Indonesia Tbk – Unit                   2024, PT Bank Danamon Indonesia Tbk Sharia
         Usaha Syariah menyetujui usulan Perusahaan                   Business Unit approved the Company's
         untuk mengubah jangka waktu Fasilitas                        proposal to change the period of the
         Pembiayaan Musyarakah yang semula berakhir                   Musyarakah Financing Facility which originally
         tanggal 21 Oktober 2024 menjadi tanggal                      ended on October 21, 2024 to October 21,
         21 Oktober 2026.                                             2026.

    7.   Pada tanggal 23 Februari 2024, Perusahaan               7.   On February 23, 2024, the Company made a
         melakukan pembayaran utang bank sebesar                      bank debt payment of Rp300,000 to PT Bank
         Rp300.000 pada PT Bank Danamon Indonesia.                    Danamon Indonesia.

    8.   Pada tanggal 29 Februari 2024, Perusahaan               8.   On February 29, 2024, the Company made a
         melakukan penarikan utang bank sebesar                       bank debt withdrawal of Rp400,000 to PT Bank
         Rp400.000 pada PT Bank Negara Indonesia                      Negara Indonesia (Persero) Tbk.
         (Persero) Tbk.

    9.   Pada tanggal 29 Februari 2024, Perusahaan               9.   On February 29, 2024, the Company made a
         melakukan pembayaran utang bank sebesar                      bank debt payment of Rp500,000 to PT Bank
         Rp500.000 pada PT Bank Permata Tbk.                          Permata Tbk.


52. STANDAR AKUNTANSI DAN INTERPRETASI                        52. NEW    ACCOUNTING     STANDARD   AND
    STANDAR YANG TELAH DISAHKAN NAMUN                             INTERPRETATION OF STANDARD WHICH HAS
    BELUM BERLAKU EFEKTIF                                         ISSUED BUT NOT YET EFFECTIVE

    DSAK-IAI telah menerbitkan beberapa standar baru,            DSAK-IAI has issued several new standards,
    amandemen dan penyesuaian atas standar, serta                amendments and improvement to standards, and
    interpretasi atas standar namun belum berlaku                interpretations of the standards but not yet effective
    efektif untuk periode yang dimulai pada                      for the period beginning on January 1, 2023.
    1 Januari 2023.




                                                        220
Page 1074
PT JASA MARGA (PERSERO) Tbk                                                    PT JASA MARGA (PERSERO) Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir pada                                                                 For the Years Ended
Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

52. STANDAR AKUNTANSI DAN INTERPRETASI                           52. NEW    ACCOUNTING     STANDARD       AND
    STANDAR YANG TELAH DISAHKAN NAMUN                                INTERPRETATION OF STANDARD WHICH HAS
    BELUM BERLAKU EFEKTIF (lanjutan)                                 ISSUED BUT NOT YET EFFECTIVE (continued)

    Amandemen dan revisi atas standar yang berlaku                  Amendment and revised to standards which
    efektif untuk periode yang dimulai pada atau setelah            effective for periods beginning on or after January
    1 Januari 2024, dengan penerapan dini                           1, 2024, with early adoption is permitted, are as
    diperkenankan yaitu:                                            follows:
    •   Amendemen PSAK 1: Penyajian Laporan                          • Amendments PSAK 1: Presentation of
        Keuangan tentang Liabilitas Jangka Panjang                       Financial Statements related to Non- Current
        Dengan Kovenan; dan                                              Liabilities with Covenants; and
    •   Amendemen PSAK 73: Liabilitas Sewa dalam                     • Amendments PSAK 73: Lease Liability in a
        Jual dan Sewa – Balik;                                           Sale and Leaseback;
    •   Revisi PSAK 101: Penyajian Laporan Keuangan                  • Revised PSAK 101: Presentation of Shariah
        Syariah; dan                                                     Financial Statement; and
    •   Revisi PSAK 109: Akuntansi Zakat, Infak, dan                 • Revised PSAK 109: Zakah, Infaq and
        Sedekah.                                                         Sadaqah.

    Standar baru dan amendemen atas standar yang                    New standard and amendment to standard which
    berlaku efektif untuk periode yang dimulai pada atau            effective for periods beginning on or after
    setelah 1 Januari 2025, dengan penerapan dini                   January 1, 2025, with early adoption is permitted,
    diperkenankan yaitu:                                            are as follows:
    •    PSAK 74: Kontrak Asuransi.                                  • PSAK 74: Insurance Contract.
    •    Amendemen PSAK 74: Kontrak Asuransi                         • Amendments PSAK 74: Insurance Contract
         tentang Penerapan Awal PSAK 74 dan PSAK 71                      regarding Initial Application of PSAK 74 and
         – Informasi Komparatif.                                         PSAK 71 – Comparative Information.

    Hingga tanggal laporan keuangan ini diotorisasi,                Until the date of the financial statements is
    Perusahaan masih melakukan evaluasi atas                        authorized, the Group is still evaluating the
    dampak potensial dari penerapan standar baru,                   potential impact of the adoption of new standards,
    amandemen standar dan interpretasi standar                      amendments to standards and interpretations of
    tersebut.                                                       these standards.

    DSAK-IAI juga mengesahkan perubahan perubahan                   DSAK-IAI also ratified changes to the numbery of
    penomoran PSAK dan ISAK yang berlaku efektif                    PSAK dand ISAK which will be effectiove on
    pada 1 Januari 2024, dimana perubahan ini tidak                 January 1, 2024. This change does not affect the
    memengaruhi substansi pengaturan dalam masing                   substance of requirement in each PSAK and ISAK.
    masing PSAK dan ISAK tersbut.


53. TANGGUNG JAWAB MANAJEMEN ATAS                                53. THE MANAGEMENT’S RESPONSIBILITY ON
    LAPORAN KEUANGAN KONSOLIDASIAN                                   THE     CONSOLIDATED     FINANCIAL
                                                                     STATEMENTS

    Manajemen Perusahaan bertanggung jawab atas                     The Company’s management is responsible for the
    penyusunan dan penyajian laporan keuangan                       preparation and presentation of the consolidated
    konsolidasian yang diotorisasi untuk terbit pada                financial statements that were authorized for
    tanggal 29 Februari 2024.                                       issued on February 29, 2024.




                                                           221
Page 1075

          
Page 1076
PT JASA MARGA (PERSERO) TBK
KANTOR PUSAT
Plaza Tol Taman Mini Indonesia Indah,                                                      2023
Jakarta, 13550 Indonesia                                                                   Laporan Tahunan
Telp. : +6221 841 3630, +6221 841 3526,                                                    Annual Report
Fax. : +6221 841 3540
                                                                                           PT Jasa Marga (Persero) Tbk
www.jasamarga.com




   @ptjasamarga @official_JSMR       @official.jasamarga   @official.jasamarga   Official Jasa Marga     @official.jasamarga

File

File Open PDF
Source IDX
Size8.69 MB
Published16 Apr 2024
Pages1076
Characters3,482,664
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 262 people and organisations named in the text · linked when the evidence is strong

linked org Jasa Marga (Persero) Tbk p.2 ×708
linked org Mandiri Sekuritas p.27
linked org PT Jasamarga Transjawa Tol p.27 ×16
linked org BCA Sekuritas p.28
linked org BNI Sekuritas p.30
linked org PT Jasamarga Jogja Bawen p.109
linked org Jasamarga Kualanamu Tol p.117
linked org Jasamarga Bali Tol p.117
linked org Jasamarga Manado Bitung p.118
linked org PT Jasamarga Jalanlayang Cikampek p.118 ×4
linked person Raja Erizman · Komisaris p.126 ×9
linked person Subakti Syukur · Direktur Utama p.126 ×4
linked person Fitri Wiyanti · Direktur p.126 ×9
linked person Reza Febriano · Direktur p.126 ×5
linked person Mohammad Zainal Fatah · Komisaris Utama p.127 ×3
linked person Bagus Cahya Arinta B. · Direktur p.127 ×5
linked person Mohamad Agus Setiawan · Direktur p.127 ×2
linked person Pramitha Wulanjani · Direktur p.127 ×2
linked org Dana Pensiun p.171 ×6
linked person Siti Purnama Rizki · Anggota p.203
linked person Nixon Sitorus p.205
possible — UOB Kay Hian p.27
possible person M. Roskanedi · Komisaris p.126 ×6
possible person Ade Wahyu · Direktur p.126
possible person Marsetio · Komisaris Independen p.127 ×3
possible person Mohammad · Komisaris p.195 ×3
possible person Chandra · Komisaris p.196 ×3
possible person Mohammad Fahmi · Anggota p.203
possible person Chandra Wijaya | - | - | - | - | - | - | - | - 5 | Seppalga Ahmad · Komisaris Independen p.232 ×5
possible org Otoritas Jasa Keuangan p.233
possible — Program ESA p.383 ×2
unresolved person Keberagaman Komposisi · Komisaris p.17
unresolved person Economic Aspect Sustainability Performance · Komisaris p.17
unresolved org Kantor Akuntan Publik Public Accountant Office p.17
unresolved org PT Bank Marga Lingkar p.34
unresolved org PT Jasamarga p.34 ×5
unresolved org PT Jasamarga Pandaan Tol p.34
unresolved org Mega Tbk p.35
unresolved org Reksa Dana Penyertaan p.35
unresolved org PT Jasamarga Mandiri Infrastuktur p.35
unresolved org Transjawa Tol. Ekuitas Transjawa Limited p.35
unresolved org Menteri BUMN No. SE- p.106
unresolved person Minister of SOEs No. SE- p.106
unresolved org Marga Group · Direktur p.108
unresolved org PT JMTM p.109 ×12
unresolved org PT JBS p.109 ×2
unresolved org PT JMTO p.109 ×18
unresolved org PT JMRB p.109 ×3
unresolved org PT JMRB Wilayah II p.109
unresolved org PT JMTM Purbaleunyi p.109
unresolved org PT JMTO Sumatera p.109
unresolved org PT JMTO Belmera p.109 ×2
unresolved org PT JMRB Wilayah VI p.109
unresolved org PT JMTM JMTO p.109
unresolved org PT JKT p.109 ×2
unresolved org PT JMRB Region VI p.109
unresolved org PT JMTO Medan-RNT p.109
unresolved org PT JMTM Headquarters p.109
unresolved org PT JMTM Semarang RNT p.109
unresolved org PT JTT p.109 ×5
unresolved org PT JJC p.109 ×2
unresolved org PT JMTO Solo-Ngawi RO p.109
unresolved org PT JMTM Ngawi-Kertosono p.109
unresolved org PT JMRB Region JMTO p.109
unresolved org PT Jasamarga Solo Ngawim p.109
unresolved org PT Jasamarga Jogja p.109
unresolved org PT Jogjasolo Marga Makmur p.109 ×2
unresolved org PT Jasamarga Kertosono p.109
unresolved org PT JMRB Wil. IV p.109
unresolved org PT Jasamarga Solo Ngawi p.109
unresolved org PT Jasamarga Cibitung-Cilincing p.109 ×2
unresolved org PT JMTM Jagorawi p.109
unresolved org PT JMTM JORR p.109
unresolved org PT JMTM AMP p.109 ×2
unresolved person Ir. Nanette Cahyanie Handari Handari Adi Warsito S.H. · Notaris p.110 ×2
unresolved org Menteri Hukum dan Hak Asasi Manusia p.110
unresolved org Minister of Law and Human Rights p.110
unresolved person Prof. Dr. Ir. Sedyatmo p.113 ×2
unresolved org PT Jasamarga Tollroad p.114
unresolved org PT Jasamarga Tollroad Operator Operator p.114
unresolved org PT JMTO Tahun p.115 ×2
unresolved org PT JTT Subsidiaries p.115
unresolved org PT Jasamarga Tollroad Maintenance p.116 ×5
unresolved org PT Jasamarga Tollroad Maintenance Entitas Anak p.116
unresolved org PT Jasamarga Solo Ngawi Management Contract p.117
unresolved org PT Jasamarga Gempol Pasuruan Management Contract p.117
unresolved org PT Jasamarga Ngawi Kertosono Kediri Management Contract p.117
unresolved org PT Jasamarga Surabaya Mojokerto Management Contract p.117
unresolved org PT Jasamarga Semarang Batang Management Contract p.117
unresolved org PT Jasamarga Kualanamu Tol Management Contract Medan-Kualanamu-Tebing Tinggi p.117
unresolved org PT Jasamarga Bali Tol Management Contract p.117
unresolved org PT Jasamarga Jalanlayang Cikampek Cikampek II Elevated Management p.118
unresolved org PT Jasamarga Pandaan Tol Pandaan Management Contract p.118
unresolved org PT Jasamarga Balikpapan Samarinda Samarinda Management Contract p.118
unresolved org PT Jasamarga Manado Bitung Management Contract p.118
unresolved org PT Jasamarga Jalanlayang Cikampek The Construction p.118
unresolved org PT Jasamarga Jalanlayang Cikampek Office Building p.118
unresolved org PT Cibitung Tanjung Priok Port Asphalt Work p.118
unresolved org PT Gienda Putra Pavement Rekonstruction Work p.118
unresolved org PT Sarana Seja Ibadah Tempat Istirahat p.118
unresolved org PT Dirgantara Yuda Arta Tahun p.118
unresolved org PT Jasamarga Related Business Mini Infrastucture Overlay Phase p.118
unresolved org PT Marga Maju Mapan Padaleunyi Tahun p.118
unresolved org PT Marga Maju Mapan Periodic Maintenance p.118
unresolved org PT Modern Widya Tehnical Periodic Maintenance p.118
unresolved org PT Marga Maju Mapan p.118
unresolved org PT Jasamarga Solo Ngawi Ngawi Procurement p.118
unresolved org PT Jasamarga Solo Ngawi Solo-Ngawi Periodic Maintenance p.118
unresolved org PT Marga Sarana Jabar Road Road Management Contract p.118
unresolved org PT Jasamarga Related Business p.119 ×6
unresolved org PT JMRB's p.120
unresolved person Yuswanda A. · Komisaris Utama p.126
unresolved — Temenggung · President Commissioner/ Independent Commissioner p.126
unresolved person Anita Firmanti Eko · Komisaris p.126
unresolved — Susetyowati · Commissioner p.126
unresolved person Yohanes · Komisaris p.126
unresolved — Baptista Satya · Commissioner p.126
unresolved — Zulfan Lindan · Wakil Komisaris Utama/Komisaris Independen p.126
unresolved — Setiawan · Director of Business Development p.126
unresolved person Abdul Rachman · Komisaris Independen p.127
unresolved org Kementerian BUMN p.195 ×8
unresolved org Management Effectiveness Evaluation · Commissioner p.195 ×2
unresolved org Ministry of State p.195 ×8
unresolved org Kementerian BUMN Pemeringkatan BUMN & Anak Perusahaan p.195 ×3
unresolved org Ministry of State BUMN p.195 ×3
unresolved org Kementerian BUMN Boards p.195 ×4
unresolved org Ministry of State Owned Enterprises GRC Masterclass Program p.195 ×13
unresolved org Kementerian BUMN Integrated Information p.195 ×3
unresolved org Kementerian BUMN Methodology and Environmental and Social p.195 ×3
unresolved org Ministry of State Management Systems p.195 ×3
unresolved person Boards · Commissioner p.196
unresolved person Workshop Non-Financial · Komisaris p.196
unresolved — Wijaya · Independen p.196
unresolved person Fakultas Ekonomi · Commissioner p.196
unresolved org Kementerian BUMN Auditor p.196
unresolved org Kementerian BUMN Post IPO p.196 ×2
unresolved org Kementerian BUMN & Penerbitan Efek Bersifat Utang & Sukuk p.196 ×2
unresolved org Ministry of State Owned Enterprises p.196
unresolved person Kelas Khusus Sertifikasi · Komisaris p.197
unresolved person Practitioner · Commissioner p.197
unresolved person Seppalga · Komisaris p.197
unresolved org Kementerian BUMN Ahmad p.197
unresolved person Ahmad · Independen p.197
unresolved person Abdul · Komisaris p.198
unresolved org Kementerian BUMN Rachman p.198
unresolved — Rachman · Independen p.198
unresolved org Ministry of State Independent p.198
unresolved person Subakti · Direktur Utama p.198 ×3
unresolved person Narasumber Acara Kegiatan Sosialisasi · Direktur Utama p.198
unresolved org Yayasan Narasi Anak Syukur p.198
unresolved person Rencana Pembangunan Ruas · President Director p.198 ×2
unresolved — Bumiayu · Tegal p.198
unresolved person Narasumber Acara Kegiatan Dialog · Direktur Utama p.199
unresolved — Menghadapi Lebaran Tahun 2023" · Masyarakat p.199
unresolved — Speaker for Public Dialogue Event · Kepolisian Negara p.199
unresolved — Marga Readiness in Facing Eid Al-Fitr in · Republik Indonesia p.199
unresolved — Ngobrol di Tempo mengenai Kesiapan · March 30, 2023 p.199
unresolved org Forum Group Discussion (FGD) · June 4, 2034 p.199
unresolved org Kementerian Perhubungan p.199
unresolved org Ministry of Transportation's Forum Group Discussion p.199
unresolved — Tol dalam Mewujudkan Mudik Aman · Central Java Regional p.199
unresolved org Berkesan di Provinsi Jawa Tengah · Police p.199
unresolved — "Mudik Aman Berkesan" · April 13, 2023 p.199
unresolved — Melayani Arus Lalu Lintas Mudik · Indonesia p.199
unresolved — Peluang Kerja Di PT Jasa Marga · Indonesia p.199
unresolved org Indonesia (Persero) Tbk p.199
unresolved — Speaker at the "CEO Talk Toll · Birmingham p.199
unresolved — Road Business Characters and Job · Association of p.199
unresolved — Opportunities at PT Jasa Marga · Indonesian Students p.199
unresolved org Indonesian Students (Persero) Tbk p.199
unresolved org (Persero) Tbk" event. · & Communities p.199
unresolved — Speaker at the "CEO Talk Diaspora" · Indonesia p.199
unresolved — Annual Report 2023 · PT Jasa Marga (Persero) Tbk p.199 ×3
unresolved person Pramitha · Direktur p.200 ×2
unresolved org PT Jasa Marga Wulanjani p.200
unresolved — Myers Briggs Type Indicator (MBTI) · January 9-12, 2023 p.200 ×2
unresolved person Qualified Risk Governance · Sustainability (CRMS) p.200
unresolved — (QRGP) Training and Certification · & Lembaga Sertifikasi p.200
unresolved org Kementerian BUMN Standards p.200 ×2
unresolved org Ministry of State Socialization of IFRS Sustainability p.200 ×2
unresolved — Socialization of IFRS Sustainability · Owned Enterprises p.200 ×2
unresolved org Kementerian BUMN IPO dan Post IPO p.200
unresolved org Kementerian BUMN Pemeringkatan & Penerbitan Efek p.200
unresolved org Ministry of State Bersifat Utang & Sukuk p.200
unresolved — Bersifat Utang & Sukuk (EBUS) · Owned Enterprises p.200
unresolved org Kementerian BUMN Sosialisasi Pemeringkatan BUMN p.200 ×2
unresolved org Ministry of State Anak Perusahaan BUMN p.200 ×2
unresolved org Anak Perusahaan BUMN · Owned Enterprises p.200 ×2
unresolved org Kementerian BUMN Venture p.200 ×2
unresolved org Ministry of State Sector p.200 ×2
unresolved org Ministry of State Supervisionary Board p.200 ×2
unresolved — Supervisionary · Owned Enterprises p.200 ×2
unresolved org Kementerian BUMN Methodology and Environmental p.200 ×4
unresolved org Ministry of State Social Management Systems p.200 ×3
unresolved org Social Management Systems · Owned Enterprises p.200 ×3
unresolved org PT Jasa Marga Agus p.201
unresolved org PT Jasa Marga Development p.201
unresolved org Kementerian BUMN GRC Integrated Information For p.201
unresolved — National Seminar & Project Visit · Association of p.201
unresolved — "Creative and Sustainable Financing · Road Developers in p.201
unresolved — Road Development in · Indonesia p.201
unresolved person Reza · Direktur p.201 ×2
unresolved org PT Jasa Marga Febriano p.201
unresolved org PT Jasa Marga Arinta B. p.202
unresolved org PT Jasa Marga Karyawan p.202
unresolved org Kementerian BUMN Introduction p.202
unresolved org Ministry of State Standards p.202
unresolved — Arkanuddin · Member p.203
unresolved — Chitra Mardi R. · Anggota p.203
unresolved org Ujian Sertifikasi Certified Risk Management · Anggota p.204
unresolved org PT RAP Indonesia Budisatrio p.204
unresolved org Certified Risk Management Officer (CRMO) · 2023 p.204
unresolved org Kementerian BUMN Management Effectiveness Evaluation p.204
unresolved — GRC Masterclass Program 2023: ESG for · 27 September 2023 Kementerian BUMN p.204 ×6
unresolved org Kementerian BUMN Pasaribu p.204
unresolved org Ministry of State Owned Enterprises Pelatihan & Sertifikasi QRGP & CERG p.204
unresolved — Amirur Royanata · Sekrtetaris Dewan p.205
unresolved — Administration · Healthy after Hari Raya p.205
unresolved org PT Jasa Marga Judgement Rule BUMN p.205
unresolved org Kementerian BUMN Masterclass p.205
unresolved org Ministry of State Spokeperson p.205
unresolved — Spokeperson in Society" · Owned Enterprises p.205
unresolved — Tahun 2022 tentang Perlindungan Data · December 28, 2023 p.205
unresolved person Sekretariat · Direktur p.206
unresolved — Devy · Risk & Quality, p.206
unresolved org PT Jasa Marga Lusyana p.206
unresolved — Lusyana · Health, p.206
unresolved person Socialization · Anggota p.206
unresolved org PT Jasa Marga BUMN Tahun p.206 ×2
unresolved org PT Jasa Marga Triwulan III Tahun p.206 ×2
unresolved org PT Jasa Marga Workplace Policy p.206
unresolved org PT Jasa Marga System p.206
unresolved org PT Jasa Marga Anxiety Management p.206
unresolved org PT Jasa Marga Summit p.206
unresolved — Agung · Internal Audit p.209
unresolved person JM Talk Business Support Eps. · Anggota p.209
unresolved org PT Jasa Marga Laksana p.209
unresolved — Laksana · Senior Group p.209
unresolved org PT Jasa Marga Managemen System p.209
unresolved org PT Jasa Marga Audit Standard p.209
unresolved org PT Jasa Marga Audit Internal p.209
unresolved — Teki Sejati · Junior Auditor p.224
unresolved org Yayasan Pendidikan p.224
unresolved org Yayasan Pendidikan Internal Audit Function p.224
unresolved org Kementerian BUMN Risk Management Effectiveness p.224
unresolved org Ministry of State Owned Evaluation p.224
unresolved org Kementerian BUMN Joint Venture p.224
unresolved org Ministry of State Owned Private Sector p.224
unresolved org Ministry of State Owned Social Management Systems p.224
unresolved org Financial Services Authority p.233
unresolved org Majority shareholder of the Company is the Republic p.233
unresolved — Government, represented by the Republic p.233
unresolved org Kementerian Badan Usaha Milik p.233
unresolved org Indonesia/the Ministry of State-Owned Enterprises p.233
unresolved org Ministry of State-Owned Enterprises Negara p.233
unresolved — Series A Dwiwarna Share Policy (Preferent p.233
unresolved — was adopted by the Government as the ultimate owner p.233
unresolved — development, generally, and state revenues, particularly, p.233
unresolved org seen in the Company Profile Chapter in this Annual p.233

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

Other files in this announcement 2

↑↓ select ↵ open ⇧↵ see every result