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THEME
EXPLANATION
Raising the Bar
Progressing Further
PT AKR Corporindo Tbk has built a solid track record over In practice, AKR also strives to conduct its business
six decades serving a wide range of customers in Indonesia. responsibly by prioritizing Environment, Social, and
Beginning with the establishment of AKR, focusing on Governance (ESG) principles, to create a positive impact
logistics and supply chain services for petroleum and basic for all stakeholders.
chemicals, over time this has developed into a logistics
network through retail, aviation petroleum, and more. These steps have led AKR to consistent growth, evidenced
by net profit in 2023 reaching Rp2,780 billion, a 16%
Supported by competitive advantage, AKR has progressed increase. Growth over the past five years has been driven
with JIIPE Special Economic Zone in Gresik, East Java, by a strong business model, with AKR at the forefront of
playing a crucial role in an integrated supply chain all aspects of business with strong financial management,
ecosystem offering multimodal transportation, deep- adequate infrastructure, comprehensive information
sea ports, and interconnectivity between gas and other technology, and reliable human resources. In new level of
renewable energy sources. This aligns with AKR’s strategy growth optimistic about driving business progress across
of integrating competitive advantages in logistics various industries, potentially becoming a trendsetter for
infrastructure and sustainability initiatives. In addition to Indonesia’s future economic growth.
supporting the national industry, JIIPE can also attract
direct foreign investment.
AKR’s business transformation demonstrates a clear
vision, strong leadership, sustainable resilience, and
adaptability in business dynamics, capturing momentum
and business opportunities that can drive new growth and
foresee downstream trends in Indonesia, boosting future
economic growth. Besides the utilities and world-class
facilities provided by JIIPE, AKR has gained further benefits
from its distribution business, as some tenants produce
petrochemical products, increasing AKR’s distribution
volume.
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Financial Management Company Management Business Corporate
and Operational Report Profile and Discussion Support Function Governance 3
Overview Analysis
Peak and Diamond Design
The design represents a peak with a diamond at its
centre, symbolizing consistent growth and attainment of
the highest quality. This represents AKR’s evolution from
logistics and supply chain services for petroleum and basic
chemicals to a key player in various sectors, including retail
and aviation fuel. The progressive rise reflects increasing
net profits and consistent growth over the past five years.
Blue and Silver
The dark blue background represents reliability, wisdom,
and the depth of the Company’s vision in facing a
dynamic business environment. The choice of silver for the
diamond signifies AKR’s innovation and transformation,
particularly at JIIPE, which offers a comprehensive logistics
infrastructure and supports sustainability.
Symbolism of the Diamond and Peak
Renowned for its durability, the diamond symbolizes AKR’s
commitment to Environmental, Social, and Governance
(ESG) principles and reflects the effort to provide
sustainable products while reducing carbon emissions.
The rising peak depicts sustainability, harnessing new,
renewable energy at JIIPE and other AKR operations.
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THEME
CONTINUITY
2022 2021
A Year of Growth and Resilience Developing a Sustainable Value to Grow with
the Nation
2022 proved to be a significant milestone in AKR’s AKR is committed to enhancing best practices in
business journey, where challenges and opportunities Environmental, Social, and Governance (ESG) initiatives,
were intertwined, presenting unique dynamics for AKR believing this will not only have a positive impact on
to address. With a robust business model, coupled with the Company but also on stakeholders as a whole.
the resilience, reliability, and capabilities of its human Therefore, AKR is not only focused on increasing value for
resources, technology, and finances, AKR achieved positive shareholders but also strives to enhance its contribution
outcomes. Furthermore, strategic initiatives since 2013, to nation-building. By leveraging its proven business
particularly the Gresik Special Economic Zone (KEK Gresik) model, supported by reliable human resources and a
and JIIPE Gresik, began to yield results and entered a tested information technology platform, the Company is
momentum of asset monetization, evidenced by increased confident it can continue to grow and develop in line with
ROE (21.9%) and ROA (8.8%). the national economy.
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Financial Management Company Management Business Corporate
and Operational Report Profile and Discussion Support Function Governance 5
Overview Analysis
2020 2019
Remaining Focused in Challenging Times Reinforcing Competitiveness when
Managing Sustainability
AKR successfully maintained a strong operational and AKR’s competitiveness encompasses storage and
financial performance despite the challenges posed distribution infrastructure spread throughout Indonesia,
by COVID-19, remaining agile amidst uncertainty. The management experience and expertise, strong
adoption of robust Business Continuity Protocols enabled relationships with customers, suppliers, and regulators, a
customers to be served without disruption. Investments trained and motivated workforce, and a healthy balance
made in logistics networks, new businesses, information sheet with low leverage and assets capable of generating
technology platforms, and human resources allowed sustainable cash flow in the long term. This has been
management to adapt quickly to the New Normal era. continually reinforced in recent years through divestment
Meanwhile, management continued to prioritize the of assets outside Indonesia and use of more aligned with
implementation of best practices in Environmental, Social, core operations. AKR’s competitiveness creates value for
and Governance (ESG) initiatives, taking the Company the shareholders when strong financial performance is
towards a brighter future. achieved, simultaneously implementing best practice ESG
initiatives, prioritized by its management.
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VISION
AND MISSION
VISION
To be the leading
provider of logistic
services and supply
chain solutions for bulk
chemicals and energy
distribution in Indonesia.
MISSION
Optimizing our potential to
build sustainable stakeholder
value
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Financial Management Company Management Business Corporate
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Overview Analysis
Study and Approval of the The Board of Commissioners and Board of Directors
conduct reviews of the Vision and Mission to ensure their
Board of Commissioners alignment with long-term objectives, documented in the
management report, reviewed and published annually.
and Board of Directors on
the Company’s Vision and
Mission
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AKR : ACHIEVING NEW LEVELS
OF GROWTH
In the midst of the current business dynamics, AKR has succeeded to transform uncertainty into opportunities and
challenges into potential to provide sustainable added value. AKR has maintained profitability and is positioned well to
capture future growth potentials.
JIIPE Achieves Best Performance Beyond Target
By the end of 2023, AKR had 24 tenants in JIIPE. Growth is also evident from the success in achieving land sales targets,
amounting to 91 hectares compared to the target of 75 hectares.
24 91 447 22%
tenants hectares hectares Contribution JIIPE to AKR
Total Tenants Cumulative Land Cumulative Land Consolidated Gross Profit
Commitments at JIIPE Sales and Land Lease at
JIIPE
JIIPE’s Best Achievement Driven by:
Readiness and Construction of Largest Single Obtaining Special Supported by
Development Line Copper Smelter owned by Economic Zone Indonesia’s
of land, ports, PT Freeport Indonesia (Initiated status since 2021 Downstream
utilities, and in 2019 and operational in 2024) and an operational Policy
infrastructure certificate since
2022
Solar rooftop panels installed Water and waste treatment facilities
at the JIIPE utility center open (WTP & WWTP) to minimize water
opportunities for tenant utilization. extraction
JIIPE Drives Clean and
Low-Carbon Energy
• Providing cleaner and renewable
energy
Industrial area with no water runoff Gas-powered electricity generators
will be used as the primary power
source.
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Financial Management Company Management Business Corporate
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Overview Analysis
STRENGTHENING FOUNDATIONS
TO DRIVE SUSTAINABLE GROWTH
AKR is a leading supply chain and logistics company as well as the largest developer of integrated industrial estates
and ports in Indonesia, supplying basic chemicals, energy, and logistics to the Indonesian industry through essential
infrastructure investments spread across the archipelago.
Proven business model
Cost efficiency
commission based
Discipline working capital Investment in new growth areas
management Strengths such as JIIPE
AKR enhances value for stakeholders by meeting the Despite various current and future business challenges,
needs of customers from various industries, acting as an AKR has proven itself resilient, with a strong business model
extension of suppliers, conducting business in accordance and adequate infrastructure. Currently, achievements in
with regulations, and providing profits and benefits to logistics include 11 seaports, 6 river ports, and storage tanks
shareholders and employees. at 20 locations across the Indonesian archipelago.
Location of Tank Terminals
Hub/Sea Ports
Sea Ports
River Ports
Sumatera Jawa-Bali Kalimantan Sulawesi
45.300 KL 592.000 KL 151.600 KL 30.500 KL
• Medan Anggada • Tj Priok • Stagen – Kalsel • Bitung
• Medan Gabion • Banten Ciwandan • Pontianak
• Banjarmasin
• Palembang Andahanesa • Semarang Tj Emas • Palaran
• Lampung • Surabaya Nilam Timur • Tanjung Selor
• Surabaya Nilam Utara • Buntok Muara Teweh
• Terminal Nilam Utara (TNU)
• Bandung
• Bali
• Jakarta Tank Terminal (JTT)
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To Drive Efficiency and enhance customer experience, AKR Furthermore, AKR has taken a more progressive step
has an IT platform to monitor the movement, inventory through industrial area and the Java Integrated Industrial
position, and condition of products from upstream to Ports Estate (JIIPE). With Special Economic Zone status,
downstream, from the beginning of the transaction to the AKR is promoting recurring income potential by providing
hands of consumers. utility services, electricity, water, gas, and port operations
that can drive sustainable growth for AKR.
AKR’s main businesses are trading and distributing
petroleum and basic chemicals, including caustic soda,
sodium sulfate, PVC resin, and soda ash. Currently, the
Company is expanding into retail petroleum with major
international oil players and establishing gas stations
to deliver high-quality gasoline while supporting the
Indonesian government’s efforts to deliver subsidized
petroleum to customers.
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Financial Management Company Management Business Corporate
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Overview Analysis
17
Sea and River Ports
4
Main Hub Terminals at:
819,400
KL Storage Tank Terminal
Jakarta Tank Terminal (with
VOPAK), Stagen, South
Kalimantan, Surabaya &
Medan
14 50,000 229
Ships/SPOB M Warehouse
2
Trucks
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OUTSTANDING ACHIEVEMENTS
IN 2023
Total Sales and Revenue
Rp42,087 billion
Revenue
Trading and Distribution
Rp31,869 billion Rp6,344 billion
Petroleum Basic Chemicals
Manufacturing Industrial Area
Rp558 billion Rp2,323 billion
Logistics Services
Rp994 billion
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Financial Management Company Management Business Corporate
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Overview Analysis
Total Assets EBITDA
Rp30,255 billion Rp4,048 billion
11% yoy 14% yoy
Total Equity ROE
Rp14,043 billion 24.7%
Net Profit Net Gearing
Rp2,780 billion
16% yoy
-0.16x
Arus Kas Bersih
Governance Achievements
Investor confidence in AKRA’s shares is
Increased number of investing the JIIPE
reflected in the 2023 market capitalization
Gresik Special Economic Zone.
increase and a 27% increase in stock price.
AKRA’s stock trading activities have
AKR has maintained its position in major
proceeded smoothly, and the Company has
ESG indices of the Indonesia Stock
not received any warnings from regulators
Exchange.
and exchanges.
Increased employee awareness of the
Company’s culture, human rights, and Opportunities for new business growth for
workplace and environmental safety AKR.
protection.
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IMPROVING CONTRIBUTION,
GROWING TOGETHER
Commitment to sustainable development has become As a manifestation of its commitment and support for
part of the business DNA, based on dedication to inclusive Sustainable Development, especially in Social, Economic,
progress, improving the well-being of every individual and Governance (Environmental, Social, and Governance/
in society, and enhancing. AKR actively supports the ESG), AKR has established an ESG Committee to oversee
introduction of environmentally friendly and quality and evaluate the implementation of ESG strategies.
alternative energy sources, contributing to equal access to
energy, and reducing economic inequality.
ESG Performance Achievements
• A total of 142,065.77 GJ of • The 2023 CSR Program • Socialization and signing of
renewable energy used in reached Rp24.19 billion Integrity Pacts by 1,654 AKR
AKR operations. • Of the total middle-up employees
• Renewable energy mix management positions, 24% • Zero legal violations in 2023
reached 27% of AKR’s total are held by women • Release of health, safety,
internal energy consumption. • Fleet truck mileage without and environmental policies,
E S G
• AKR’s emission intensity accidents was recorded at Human Rights (HR) policies,
is 0.02 tons of CO2e per Rp 34,31 million kilometers. and sustainable procurement
million of Gross Profit. • Zero fatality policies
• Total environmental cost for
AKR reached over Rp4 billion.
ESG Sustainalytics Main Stock Indices and ESG
26,0
Index LQ 45
IDX 30
Investor 33
Bisnis 27
Medium Risk
ESG Quality 45 IDX KEHATI
ESG Sector Leaders IDX KEHATI
IDX LQ45 Low Carbon Leaders
ESG S&P Global
Increased to 34, maintained above the industry
average
Transparency of Corporate Emission Calculation 2023
Platinum Category from BGK Foundation
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Financial Management Company Management Business Corporate
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Overview Analysis
2023
STRATEGY
Prepare for the expansion of infrastructure
networks and logistics fleets, especially to serve
potential consumers in Eastern Indonesia
Expand the retail network for Euro4 standard
petroleum
Increase the number of customers/tenants by
leveraging their potential to build an industrial
ecosystem in JIIPE
Support the B35 biodiesel program and take
further steps to develop more environmentally
friendly energy by partnering with world-class
strategic partners and also forming subsidiaries
to develop renewable energy businesses
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TABLE
OF CONTENT
Explanation of Theme 2 Business Sectors 60
Theme Continuity 4 Business Segments, Products, and Services 62
Vision and Mission 6 Associations Membership 67
AKR: Achieving New Growth Levels 8 Organizational Structure 68
Strengthening Foundations to Drive Board of Commissioners Profile 69
9
Sustainable Growth
Board of Directors Profile 73
Outstanding Achievements in 2023 12
Executive Officials 80
Improving Contribution, Growing Together 14
Shareholders Composition 84
2023 Strategy 15
Chronology of Stock Listing 90
Table of Contents 16
Subsidiaries and Associated Entities 92
Corporate Group Structure 94
Public Accountant’s Office 95
01. Financial and Operational Overview
Institutions and Professions Supporting The
Financial Summary 20 96
Capital Market
Operational Summary 24 Company Website 97
Stock Summary 24 Operational Regions and List of Office
100
Corporate Actions 26 Addresses
Dividend Summary 26
Summary of other Securities 26
Awards and Certifications 28 04. Management and Discussion Analysis
Important Events 30 Economic and Industry Overview 104
Operational Overview 105
02. Management Report Financial Overview 113
Board of Commissioners Report 34 Debt Payment Ability and Accounts
127
Receivable Collectability Level
Board of Directors Report 40
Capital Structure and Capital Structure Policy 128
Letter of Statement from Board of Directors
and Board of Commissioners Regarding Material Ties for Investment in Capital Goods 129
48
Responsibility for the 2023 Annual Report of Capital Goods Investment Realization 129
PT AKR Corporindo Tbk
Comparison of Targets and Achievements 130
2024 Projection 131
03. Company Profile
Employee and/or Management Share
General Information 52 132
Ownership Program (ESOP/MSOP)
Company Brief History 53
Material Information and Facts after the
132
Key Company Values 56 Accountant's Report
Company Logo Information 57 Business Outlook 133
Company Record 58 Dividend Policy and Distribution 135
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Overview Analysis
Marketing Aspects 135 Nomination and Remuneration Policy for
the Board of Commissioners and Board of 203
Realization of Us Proceeds from Public Directors
136
Offering
Supporting Committees of the Board of
Material Information Regarding Investment, 205
Commissioners
Expansion, Divestment, Merger/Consolidation, 137
Acquisition, and Debt/Capital Restructurin Other Committees Under the Board of
215
Commissioners Owned by the Company
Information on Material Transactions Involving
Conflicts of Interest and/or Transactions with 137 Board Support Committees 215
Affiliated Parties Internal Control System 224
Changes in Laws and Regulations 139 Risk Management 228
Changes in Accounting Policies that Impact Legal Issues 233
139
the Company
Administrative Sanctions 233
Business Continuity Information 139
Access to Company Information and Data 233
Code of Ethics and Conduct 236
05. Business Support Function Long-Term Performance-Based
Compensation Policy for Management and/or 238
Human Resources 146 Employees
Anti-Corruption and Gratification Policy 239
Whistleblowing System 239
06. Corporate Governance
Efforts to Improve the Quality of Corporate
Corporate Governance Achievements 156 241
Governance Implementation
Commitment to Corporate Governance Insider Trading Policy 241
158
Implementation
Information Technology Governance 242
Corporate Governance Framework 160
Compliance with Corporate Governance
Corporate Governance Structure 161 253
Guidelines
Corporate Governance Mechanisms 162 Disclosure of Bad Governance Practices 272
Assessment of Corporate Governance
163
Implementation
Annual General Meeting of Shareholders 164
Financial Report 276
The 2023 Annual General Meeting 167
Cross-Reference No. 16/SEOJK.04/2021: Format
The 2022 Annual General Meeting 171 and Completing the Annual Report of Issuers 434
or Public Companies
Board of Commissioners 177
Independent Commissioners 183
Board of Directors 184
Independence and Transparency of
Information of the Board of Commissioners 191
and Board of Directors
Performance Evaluation of the Board of
202
Commissioners and Board of Directors
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01
Financial
and Operational
Overview
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FINANCIAL
SUMMARY
Consolidated Financial Position in Billions of Rupiah
Description 2023 2022 2021 2020 2019
Net Working Capital 5,588 4,561 2,716 2,940 2,065
Investment in Associate Entities 446 417 402 394 419
Current Assets 18,121 15,841 12,023 8,042 10,778
Non-current Assets 12,134 11,346 11,486 10,641 10,631
Total Assets 30,255 27,188 23,509 18,684 21,409
Short-term Liabilities 12,533 11,280 9,307 5,102 8,713
Long-term Liabilities 3,678 2,752 2,903 3,025 2,630
Total Liabilities 16,212 14,033 12,210 8,127 11,342
Equity Attributable to Owners of the Parent Entity 11,263 10,969 9,345 8,752 8,336
Non-controlling Interest 2,780 2,186 1,954 1,804 1,731
Total Equity 14,043 13,155 11,299 10,556 10,067
Total Assets Total Liabilities
Rp Billion IDR Billion
30,255 16,212
27,188 14,033
23,509 12,210
11,342
21,409
18,684
8,127
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Total Equity Return on Equity Ratio
IDR Billion %
14,043 24.7
13,155 21.9
11,299
10,556 11.9
10,067 10.6
8.6
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
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Financial Management Company Management Business Corporate
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Overview Analysis
Consolidated Profit (Loss) and Other Comprehensive Income In Billions of Rupiah
Description 2023 2022 2021 2020 2019
Sales and Revenues 42,087 47,540 25,707 17,716 21,703
Gross Profit 4,473 4,252 2,293 2,048 1,892
Operating Profit 3,561 3,087 1,455 1,258 1,095
Net Income for the Year 3,078 2,479 1,135 962 699
Net Income for the Year Attributable to Owners of the
2,780 2,403 1,112 925 717
Parent Entity
Net Income for the Year Attributable to Non-controlling
298 76 23 37 (14)
Interest
Total Comprehensive Income for the Year 3,048 2,576 1,158 972 656
Total Comprehensive Income for the Year Attributable to
2,761 2,453 1,126 929 688
Owners of the Parent Entity
Total Comprehensive Income for the Year Attributable to
287 123 32 43 (32)
Non-controlling Interest
Earnings per Share (Full Rupiah) 140.87 121.77 56.32 46.71 36.06
Sales and Revenues Operating Profit
IDR Billion IDR Billion
47,540 3,561
42,087
3,087
25,707
21,703
1,455
17,716 1,258
1,095
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Net Income for the Year Attributable to
Gross Profit Owners of the Parent Entity
IDR Billion IDR Billion
4,473 2,780
4,252 2,403
2,293
2,048 1,122
1,892 925
717
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
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Earnings per Share Cash Balance
IDR IDR Billion
140.87 6,536
121.77
4,338
56.32
46.71
36.06
1,861 2,600
1,549
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Consolidated Cash Flow In Billions of Rupiah
Description 2023 2022 2021 2020 2019
Net Cash Used in Operating Activities 3,502 2,629 2,945 1,067 660
Net Cash Used in Investment Activities (584) (276) (208) (139) (779)
Net Cash Used in Financial Activities (648) (873) (1,683) (1,239) (129)
Net Increase in Cash and Cash Equivalents 2,270 1,479 1,053 (311) (248)
Effect of Exchange Rate Changes (72) 258 (2) 0 (62)
Cash and Cash Equivalents at Start of Year 4,338 2,600 1,549 1,861 2,171
Cash and Cash Equivalents at End of Year 6,536 4,338 2,600 1,549 1,861
*data masih per September 2023
Consolidated Financial Ratios
in % unless stated otherwise
Description 2023 2022 2021 2020 2019
Profit Margin on Total Assets 9.2 8.8 4.7 5.0 3.4
Return on Equity (ROE) 24.7 21.9 11.9 10.6 8.6
Profit Margin on Revenue 6.6 5.1 4.3 5.2 3.3
Current Ratio (multiples) 1.4 1.4 1.3 1.6 1.2
Debt to Equity Ratio (multiples) 1.2 1.1 1.1 0.8 1.1
Debt to Total Assets Ratio (multiples) 0.5 0.5 0.5 0.4 0.5
Gross Profit Margin 10.6 8.9 8.9 11.6 8.7
Operating Profit Margin 8.5 6.5 5.7 7.1 5.0
Total Asset Turnover (multiples) 1.4 1.7 1.1 0.9 1.0
Net Gearing Ratio (multiples) -0.16 -0.12 0.02 0.22 0.27
Price to Earnings (P/E) Ratio (multiples) 10.1 9.2 12.6 10.9 21.7
Annual Report 2023
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Financial Management Company Management Business Corporate
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Overview Analysis
Profit Margin on Revenue Profit Margin on Total Assets
% %
6.6 9.2
5.2 8.8
5.1
4.3
3.3
5.0 4.7
3.4
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Current Ratio Net Gearing Ratio
multiple multiple
1.6 0.27
1.4 1.4
1.3 0.22
1.2
0.02
2022 2023
2019 2020 2021 2022 2023 2019 2020 2021
2021
-0.12
-0.16
Debt to Equity Ratio Dividend Payout Ratio
multiple %
1.2 61.6 61.6
58.6
1.1 1.1 1.1
53.3
51.5
0.8
2019 2020 2021 2022 2023 2018 2019 2020 2021 2022
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OPERATIONAL
SUMMARY
Operating Segments as a Percentage of Sales and Revenue
In Billions of Rupiah
Description 2023 2022 2021 2020 2019
Trade and Distribution 38,213 44,698 23,712 16,219 20,200
Logistic Services 994 893 772 319 796
Manufacturing 558 800 684 376 443
Industrial 2,323 1,149 539 319 263
STOCK
SUMMARY
AKR Stocks 2019-2023
Description 2023 2022 2021 2020 2019
Market
Capitalization 29,608 28,103 16,500 12,265 14,658
(IDR Billion)
Highest Price
1,670 1,580 944 798 1,175
(IDR)
Lowest Price (IDR) 1,200 685 554 281 844
Closing Price
1,475 1,400 822 611 730
(IDR)
Trading Volume
(Number of 8,660,986,800 13,281,510,800 15,728,500,500 23,413,903,000 9,222,963,000
Shares)
Total Outstanding
Shares (Number 20,073,474,600 20,073,474,600 20,073,474,600 20,073,474,600 20,073,474,600
of Shares)
*) Adjusted for Stock Split
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Financial Management Company Management Business Corporate
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Overview Analysis
Stock Price (IDR) Total
Trading Volume Market
Outstanding
Period (Number of Capitalization
High Low Closing Shares (Number
Shares) (IDR Billions)
of Shares)
2023
Quarter 1 1,650 1,200 1,550 2,364,381,600 20,073,474,600 31,114
Quarter 2 1,670 1,280 1,420 2,270,581,800 20,073,474,600 28,504
Quarter 3 1,560 1,255 1,545 2,547,584,300 20,073,474,600 31,014
Quarter 4 1,550 1,330 1,475 1,478,439,100 20,073,474,600 29,608
2022
Quarter 1 970 685 910 3,651,151,700 20,073,474,600 18,267
Quarter 2 1,215 865 1,030 2,782,534,300 20,073,474,600 20,676
Quarter 3 1,455 895 1,350 3,675,285,900 20,073,474,600 27,099
Quarter 4 1,580 1,310 1,400 3,172,538,900 20,073,474,600 28,103
Stock Trading Chart
Rp per share No. of shares traded
1.650 160.000.000
1.600
140.000.000
1.550
120.000.000
1.500
1.450 100.000.000
1.400 80.000.000
1.350
60.000.000
1.300
40.000.000
1.250
1.200 20.000.000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022 2023
Sanctions on Stock Trading
As of December 31, 2023, the Company has not been subject to any sanctions that may affect stock trading activities.
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CORPORATE
ACTIONS
Throughout 2023, the Company did not undertake any corporate actions that affected the quantity or price of its stocks.
DIVIDEND
SUMMARY
Stock Dividends for the Stock Dividends for the
Stock Dividends
Fiscal Year 2022 Fiscal Year 2021
Cash Dividends Distributed (in Billions of Rupiah) 1,480 572,38
Dividend per Share Class I (in IDR) Rp75 Rp29
Dividend Payout Ratio (%) 61.59 51.49
*) Adjusted for Stock Split
2022 2021
Interim Final Interim Final
Date of the General
Meeting of Shareholders
July 22, 2022: April 28, 2023: July 26, 2021: IDR 12 April 28, 2022: IDR
(RUPS) Decision, and
IDR 25 per share IDR 50 per share per share 17 per share
Board of Directors'
Decision
16 August 2022 24 May 2023 19 August 2021 24 May 2022
Payment Date
IDR 25 per share IDR 50 per share IDR 12 per share IDR 17 per share
SUMMARY
OF OTHER SECURITIES
As of December 31, 2023, the Company does not have any other outstanding securities on any stock exchange.
Annual Report 2023
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Financial Management Company Management Business Corporate
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Overview Analysis
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AWARDS
AND CERTIFICATIONS
1 2 3 4
5 6 7 8
Awards
1. Indonesia Best Business Transformation 2023 – by 5. The Most Innovative Basic Industry Chemicals
SWA Company for The Development High Quality
Products through The Use of Technology, Indonesia
2. The Readiness Human Capital, The Talent in Digital Innovation Awards 2023 by Warta Ekonomi
Management, The Most Resilience Company 2023
by Human Capital on Resilience Excellence Awards 6. 1st Best Indonesia Enterprise Risk Management
(HCREA) 2023 2023, Category Public Company - Wholesale (Asset
Rp1T - Rp5T), by Economic Review
3. Transparency of 2023 Corporate Emissions
Calculations for the Platinum Category 7. 1st Best Indonesia GCG 2023 , Category Public
Company - Wholesale (Asset Rp1T - Rp5T), by
4. 2nd Best Indonesia Finance 2023, Category Public Economic Review
Company – Wholesale (Asset Rp1T – 5T), by Economic
Review 8. The Best Oil and Gas Company - Bisnis Indonesia
Awards 2023
9. Indonesia Excellence GCG Awards 2023 - AKRA
Managing a High Level of Company Performance in
GCG Ethics, by Warta Ekonomi
Annual Report 2023
Page 29
Financial Management Company Management Business Corporate
and Operational Report Profile and Discussion Support Function Governance 29
Overview Analysis
9 10 11 12
13 14 15 16
Certifications
10. Indonesia Top 20 GCG Awards 2023 in Trading & 16. ISO 9001:2015
Distribution by The Iconomics Scope Industrial Petroleum Trading & Distribution
(Branch: Medan, Pontianak, Jakarta, Lampung,
11. The Best IT for Public Company - Category Industry Bandung)
by Economic Review
12. Top 50 Big Capitalization Public Listed Company
2023 – IICD
13. High Dividend & High Market Capitalization based
on Indeks Tempo - IDN Financials 52
14. Indonesia Best 20 Corporate Secretary in Trading &
Distribution by The Iconomics
15. Living Legend Company in Managing Collaborate
Stakeholders & Business Trends to Develop Strategic
Resilience Category Platinum by Warta Ekonomi
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IMPORTANT
EVENTS
February 7, 2023 April 28, 2023
Visit of the Vice President of RI to the Distribution of Dividends for the Fiscal
JIIPE Gresik Industrial Estate – Signing Year 2022
a MoU for Gas Station Development
In Annual General Meeting (RUPS), approval was granted
Cooperation
for the dividend payment of Rp1.48 trillion, equivalent to
Rp75 per share. This amount represents 61.6% of the 2022
During his visit, Mr. lr. Prof. Dr. (HC) K.H. Ma’ruf Amin
net profit, which reached Rp2.4 trillion.
expressed appreciation for the progress of the JIIPE Gresik
Industrial Estate in terms of investment and supporting
infrastructure. The visit continued with the signing
of a Memorandum of Understanding between AKR's
subsidiary, PT Aneka Petroindo Raya (a Joint Venture
between AKR and BP), and PT Jatim Sarana Utama for the
expansion of BP station networks in several locations in
East Java.
July 28, 2023 October 2, 2023
Establishment of PT Anugerah Kreasi Establishment of PT Berkah Bunker
Pratama Indonesia Service
AKR, through its two subsidiaries, PT Andahanesa Abadi Through its subsidiaries, PT Anugerah Krida Retailindo and
(AA) and PT Usaha Era Pratama, established a new business PT Andahanesa Abadi, AKR established a business entity
entity named PT Anugerah Kreasi Pratama Indonesia providing port services for seaports, namely PT Berkah
(AKPI) to engage in warehousing operations. Bunker Service (BBS).
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Overview Analysis
May 10, 2023 June 20, 2023
JIIPE Strategic Collaboration in Electricity Indonesian President Inaugurates
Provision Construction of Largest Copper Foil
Factory, Hailiang
PT PLN (Persero) supported the provision of electricity at
JIIPE up to 240 MVA, facilitating reliable, high-quality, and President Joko Widodo conducted the ground-breaking
competitively priced electricity for industrial customers ceremony for the largest copper foil factory in Southeast
throughout Indonesia. Asia, PT Hailiang Nova Material Indonesia, located in JIIPE’s
integrated industrial area.
October 20, 2023 December 6, 2023 January 5, 2024
Purchase of AKRA 103 fleet Joint Development Establishment of PT
Agreement with BP GAS & Berkah Renewable Energy
AKR has increased its capital by POWER Nusantara (BREN)
Rp80 billion in its subsidiary, PT Sea
Transport (AST), to add new vessel PT Berkah Renewable Energi
AKR has signed a Joint Development
AKRA 103 to the fleet. Nusantara (BREN), is now a subsidiary
Agreement with BP GAS & POWER
of the Company engaged in the
INVESTMENTS LIMITED (bp) to
operation of power plants and other
develop an LNG project involving a
activities related to energy provision,
regasification terminal in the JIIPE
located in Gresik, East Java.
Industrial Estate in Gresik.
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Management
Report
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BOARD OF COMMISSIONERS’
REPORT
The Board of Commissioners
recognizes that the positive
performance in 2023 serves as a
foundation from which AKR can
continue to improve standards
and embrace new growth.
Amidst an evolving business
landscape, AKR must seize
momentum and sustainably
manage business opportunities.
Soegiarto Adikoesoemo
President Commissioner
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Highlights and Analysis
Dear Shareholders and Stakeholders, SUPERVISION OF STRATEGY
IMPLEMENTATION
Gratitude to the Almighty for His abundant blessings and
grace, which enabled PT AKR Corporindo Tbk (AKRA) to In performing its oversight function, the Board of
navigate 2023 with remarkable results. Please accept the Commissioners monitors, directs, and evaluates the
Board of Commissioners’ Report for the Fiscal Year 2023. comprehensive and structured implementation of
strategies. Supervision is conducted with the ultimate
The Board of Commissioners has fulfilled its oversight goal of achieving performance improvement and business
duties and responsibilities, providing guidance to the progress. In carrying out its duties and responsibilities, the
Board of Directors to ensure that AKR is managed in Board of Commissioners is assisted by the Audit Committee
accordance with the established business plan, and and the Nomination and Remuneration Committee.
within the framework of Good Corporate Governance. The
Board of Commissioners encourages the enhancement The Board of Commissioners ensures that all directives are
of corporate governance practices, risk anticipation, and properly executed by the Board of Directors, evidenced by
mitigation, as well as the adoption of healthy business financial and operational performance growth supported
practices that benefit the Company. by effective strategy formulation, comprehensive business
models, and logistics infrastructure, promising business
ECONOMIC CONDITIONS IN 2023 prospects, reliable information technology quality,
adequate review processes, and audits, as well as solid risk
Escalating tensions in Europe and the Middle East management.
have led to a global economic slowdown, with Chinese
and European economies further exacerbating global The Board of Commissioners pays attention to several key
economic pressure. Global economic growth has yet aspects that may have positive impacts on performance,
to reach pre-pandemic levels, resulting in disparities in both for 2023 and beyond, instructing the Board of
various countries. Directors to continually formulate anticipatory measures
in response to macroeconomic conditions and political
According to the International Monetary Fund (IMF) in the dynamics.
World Economic Outlook Report for January 2024, global
economic growth is projected to reach 3.1% in 2023, a Furthermore, the Board of Commissioners focuses on
decrease compared to 3.5% in 2022. Economic disruptions the implementation of risk management, considering
and decreased productivity from inflation of 6.9% led The changes in internal and external dynamics. The Board of
Fed to raise interest rates to 5.25-5.50%. Commissioners ensures that risk management is carried
out systematically, structurally, and comprehensively,
The slowdown also caused Indonesia’s GDP to decrease while still adhering to the principle of caution. Another
to 5.05%, lower than the previous year’s 5.31%. Factors Board directive is to strengthen the implementation of
contributing to the decline include prolonged drought corporate governance to address the dynamics of the
or El Niño, and declining commodity prices. Although Company’s business environment.
Indonesia’s GDP in 2023 was lower than in 2022, it remained
within the expected range of 4.5-5.3% growth for 2023 from SUPERVISION MECHANISM AND
Bank Indonesia, above the IMF’s forecast of 4.9%. FREQUENCY OF ADVICE PROVISION TO
THE BOARD OF DIRECTORS
In response to these conditions, AKR has taken strategic
measures to maintain growth momentum in 2023, such
The Board of Commissioners maintains a healthy and
as disciplined and efficient inventory and working capital
consistent professional relationship with the Board of
management, aggressive enhancement of logistic
Directors, prioritizing the principle of mutual respect
capabilities and networks, and exploring new markets.
for each other’s authority. This relationship requires
communication and the organization of joint meetings
To achieve consistent growth, the Company continues
as a means for the provision of advice to the Board of
to expand into growing business lines such as retail
Directors.
petroleum, aviation, and lubricants. Additionally, to increase
land sales, the Company enhanced the competitive edge
The Board of Commissioners oversees performance
of industrial estate businesses, maximizing the benefits
compliance with established directives, and ensures that
of Special Economic Zones to attract both domestic and
the supervision and advisory functions are carried out by
foreign investors.
applying the principles of caution and responsibility. After
providing various directives, advice, and recommendations,
the Board of Commissioners monitors the follow-up
actions.
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There are four joint meetings with the Board of Directors, The Board of Commissioners has evaluated that the Audit
which the Board of Commissioners considers optimal, Committee performed its duties and responsibilities well.
evident from the compliance with directives and follow- The appointment of Public Accountant Firms and the
up actions carried out by the Board of Directors, thus evaluation results have been conducted in accordance
contributing to the improvement of the Company’s with the latest regulations, namely POJK Number 9
financial and operational performance. of 2023 regarding the Use of Public Accountant and
Public Accountant Firms’ Services in Financial Service
ASSESSMENT OF COMPANY AND Activities. The Audit Committee also assisted the Board of
DIRECTOR PERFORMANCE Commissioners in conducting internal audits and provided
evaluation reports on the provision of audit services for
In the Environment of the declining prices of crude oil the 2023 Financial Statements with a summary of 10 (ten)
and other commodities, the Board of Commissioners meetings.
has evaluated that AKR’s resilience in 2023 was excellent,
indicating the solidity of AKR’s business model and strong The Nomination and Remuneration Committee reviews
implementation, resulting in the Company’s profitability and proposes succession planning for members of the
continuing with double-digit growth. The Board of Board of Directors and the Board of Commissioners,
Commissioners appreciates the performance of the Board and performed its duties well in 2023. The Nomination
of Directors in managing the Company throughout 2023, and Remuneration Committee provided adequate
especially in the JIIPE Industrial Estate business where the recommendations based on the reviews conducted with a
Company successfully recorded land sales of 91 hectares, summary of 4 (four) meetings.
an increase from the target of 75 hectares.
VIEWS ON CORPORATE GOVERNANCE
Based on the implementation of the established strategy IMPLEMENTATION
and the performance results, the Company was able
to achieve a commendable financial performance with One of the tasks and responsibilities of the Board of
significant improvements in various aspects. Net profit Commissioners is to oversee the implementation of
grew by 16% year on year from Rp2.403 billion in 2022 to corporate governance and ensure that AKR applies it
Rp2,780 billion with a 31% CAGR over the last five years. effectively and in accordance with applicable principles
Total assets increased from Rp27.188 billion in 2022 to and regulations. The Board of Commissioners has
Rp30.255 billion. This increase in profit also resulted in a observed that implementation of corporate governance
significant increase in ROA to 9.2% and ROE to 24.7%. has continued to increase, as seen from various awards
received, comprehensive governance structures, and
The Board of Commissioners realizes that embarking on recommendations followed up by the Company. In order
new businesses is not without its challenges. Therefore, to meet best practices in implementing governance, AKR
maturity in research and planning are crucial factors continues to make improvements and refinements in both
determining the success of these businesses, especially structure, processes, and mechanisms.
amidst global uncertainty and the transition of government
leadership in Indonesia. AKR’s responsive steps in following up on recommendations
and improving governance are reflected in the
The Board of Commissioners provides guidance to study implementation of the Code of Ethics and Integrity Pact
risks and opportunities holistically regarding decisions socialization, where a total of 1,654 employees signed
made so that a reasonable risk profile ensures opportunities the Integrity Pact, followed by all central and branch
remain within the Company’s strategic corridor. The Board employees of AKR.
of Commissioners hopes that the positive performance
achieved throughout 2023 becomes a foundation for The Board of Commissioners considers it important to build
AKR to continually improve standards and welcome new awareness among personnel regarding the application
growth. of corporate governance, so therefore provides guidance
to the Board of Directors to continue strengthening
ASSESSMENT OF COMMITTEES UNDER the commitment through socialization, education, and
THE BOARD OF COMMISSIONERS training. The Board of Commissioners also encourages the
integration of corporate governance as part of the culture
In order to improve performance effectiveness, the and essence in operational activities, including interactions
Board of Commissioners is supported by the Audit with external parties.
Committee and the Nomination and Remuneration
Committee. Assessment of the committees’ performance
is conducted both individually and collectively through
measuring attendance at meetings, ability to cooperate
and communicate actively, ability to analyze financial and
operational performance, and the quality of advice and or
recommendations related to oversight tasks.
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Highlights and Analysis
VIEWS ON BUSINESS PROSPECTS CHANGES IN THE BOARD OF
COMMISSIONERS COMPOSITION´
The Board of Commissioners recognizes that, amidst
issues of economic slowdown and ongoing geopolitical Changes in the Composition of the Board of Commissioners
pressures, the prospects for the industry and logistics & In 2023, the Board of Commissioners underwent changes
supply chain sectors in Indonesia will continue to grow. due to the resignation of one Commissioner, namely I
This is confirmed by government support for improving Nyoman Mastra. Thus, there was the appointment of a
infrastructure quality to enhance industry competitiveness new Commissioner, Sofyan A. Djalil, in accordance with
and attract investment. The development of downstream the Annual General Meeting of Shareholders’ Decision
programs continues to show growth from year to year, based on Deed No. 47 dated April 28, 2023.
driving industrial growth in Eastern Indonesia. Therefore,
the availability of a logistics infrastructure is crucial, The composition of the Board of Commissioners as of
considering Indonesia is an archipelagic country with high December 31, 2023, is as follows:
logistic challenges that need to be addressed promptly. Soegiarto Adikoesoemo : President
Commissioner
In facing challenges, AKR consistently applies a disciplined Sofyan A. Djalil : Commissioner
business model and develops infrastructure capabilities, Muhammad Fauzi Maulana Ichsan : Independent
preparing for additional logistics capacity of ships and Commissioner
port tank terminals to serve the distribution of petroleum
and industrial chemicals in new areas. The Board of APPRECIATION AND CONCLUSION
Commissioners believes that logistics infrastructure is
the foundation of a trading and distribution businesses. The Board of Commissioners of PT AKR Corporindo
Therefore, AKR must always prioritize innovations that Tbk expresses its utmost appreciation to the Board
support asset optimization and efficiency improvement of Directors, management, and employees for their
through control towers and the development of artificial extraordinary contributions that have led the Company to
intelligence for asset monitoring in distribution activities. achieve impressive performance in 2023. The dedication
and hard work of the AKR team have been key to this
In the trend of downstream developments, AKR accomplishment.
has positioned itself as an aggregator, facilitating
developments in related sectors. With its status as a Special Gratitude is also extended to shareholders and stakeholders
Economic Zone (SEZ), JIIPE provides fiscal and non-fiscal for their continued trust and support. The participation
advantages for various industries within the area. Industrial and collaboration of all parties have had a positive impact
utility needs are crucial to improve competitiveness and on the growth and stability of the Company. This spirit of
are expected to provide stable and sustainable income for cooperation must continue, leading AKR towards greater
the Company. success in the years to come where, together, challenges
will be overcome and opportunities for sustainable growth
The Board of Commissioners believes that to maintain capitalized upon.
consistent growth in the future, AKR must be able to
develop according to future market needs supported by
innovations that align with industry dynamics. In addition to
developing the business-to-business segment, expanding
the retail petroleum market needs to continue to prepare
for the growth of the premium quality petroleum market.
Several initiatives with cleaner energy markets in the
transition period also need to be carefully considered to be
executed with adequate profitability results, and a healthy
financial performance.
Jakarta, April 5, 2024
On Behalf of the Board of Commissioners
Soegiarto Adikoesoemo
President Commissioner
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BOARD
OF COMMISSIONER
Fauzi Ichsan Soegiarto Adikoesoemo Sofyan A. Djalil
Independent Commissioner President Commissioner Commissioner
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Highlights and Analysis
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BOARD OF DIRECTORS’
REPORT
With strategic measures in place,
AKR has achieved the anticipated 16%
growth in Net Profit in 2023, reaching
Rp2,780 billion with a Compound
Annual Growth Rate (CAGR) of 31% over
the past five years. The performance
reflects outstanding accomplishments,
demonstrating effective sustainability
and continuity. Investments in the
industrial estate sector have notably
boosted contributions and ongoing
advancements, reinforcing the
Company’s commitment to delivering
enhanced value to its stakeholders.
Haryanto Adikoesoemo
President Director
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Highlights and Analysis
Dear Shareholders and Stakeholders, The goal of the Indonesian government is to escape
the middle-income trap and become a high-income
Gratitude to Almighty God for His grace and blessings, nation with an average economic growth rate of at least
enabling PT AKR Corporindo Tbk to navigate 2023 with 5% per year, and average investment growth of 6.8%. To
promising performance results. Amidst various dynamics, achieve this, the government has implemented several
AKR has maintained a resilient stance, delivering policy strategies, including the Omnibus Law, which
significant growth over the past five years. eases regulations through Job Creation, and facilitating
business licensing to provides tax incentives. Indonesia is
On this auspicious occasion, on behalf of the Board of additionally using commodity downstreaming policies to
Directors, the Company’s strategic implementation and build a strategic industrial ecosystem to increase value,
performance in 2023 will be outlined, including innovative developing 20 Special Economic Zones (SEZs) across the
measures taken to address current business challenges. archipelago.
The Board acknowledges and appreciates the efforts of
all employees and management for achieving the 2023 ANALYSIS OF THE COMPANY’S
targets. PERFORMANCE IN 2023
MACROECONOMIC ANALYSIS Challenges and Strategic Initiatives
The Board of Directors formulates strategic policies
With the official end of the COVID-19 pandemic, the by considering macroeconomic aspects and general
global landscape in 2023 remains marked by economic business developments, incorporating input from various
deceleration and geopolitical tensions. According to the stakeholders involved in operations. Additionally, the BOD
International Monetary Fund’s (IMF) World Economic focuses on aligning AKR’s business lines to strengthen
Outlook Report in January 2024, global economic growth the overall business network. Here are the key strategic
is forecasted to decline to 3.1% in 2023 from 3.5% in 2022, initiatives for 2023:
with no anticipated change in 2024.
1. Throughout 2023, the Company executed strategic
Geopolitical strains are evident, not only in Europe but also policies in trading and distribution which focused on
in the Middle East. Towards the end of 2023, the escalating improving its competitive advantage in the logistics
situation in the Middle East resulted in attacks on shipping supply chain, designing a business model that can
vessels in the Red Sea. Consequently, petroleum-laden minimize risks, pass on costs to customers and
tankers had to seek alternative routes, causing disruptions manage working capital more efficiently. Product
in the global oil supply chain and driving up oil prices, inventory has also been closely monitored to maintain
previously impacted by commodity price moderation. a net open position. Efforts to develop further logistics
infrastructure, such as IT monitoring system upgrades
As a supply chain logistics provider for petroleum and and the addition of tanker logistics capacity and tank
basic chemicals, AKR employs a formula-based business terminals, are clear evidence of the Board of Directors
model that allows for price pass-through to customers drive for operational efficiency to ensure profitability
and prioritizes net open positions. With its robust and and growth.
comprehensive business model, coupled with effective risk 2. AKR has identified growth opportunities in eastern
management, the Company has consistently maintained Indonesia in downstream developments and smelters.
performance and fostered growth. The Board has prepared infrastructure network and
logistics fleet expansions to address the challenges of
The Indonesian government has taken steps to normalize increased demand for petroleum and basic chemicals
post-pandemic policies, aiming to gradually stimulate in the region.
economic growth while keeping inflation in check. 3. The Board is continually developing JIIPE to attract
Resilience was evident through sustained domestic further international and domestic investors, with
demand and supply strength until the third quarter of 2023. marketing that leverages the area’s potential in the
Towards the end of 2023, Indonesia began preparations value-added supply chain ecosystem to drive national
for elections to choose a new leader, impacting decisions industrial growth. The industrial zone segment is
of both domestic and foreign businesses and investors. becoming increasingly significant and is expected to
Nevertheless, The Investment Coordinating Board (BKPM) further increase in the coming years. JIIPE has already
recorded that investment realization in 2023 successfully attracted significant investment, with several purchase
exceeded the target, reaching Rp1,4 trillion. agreements executed and land sales to international
companies who wish to establish factories in Indonesia,
building a strong foundation to generate recurring
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income from the provision of port services and utilities prices caused by the normalization of petroleum prices and
such as electricity, water, and gas. international base chemicals. Despite this, AKR managed
4. Developing and expanding the business portfolio is an to increase sales volume and maintain a 9% margin in
optimum way to meet sustainability challenges and, as the trading and distribution segment, contributing to the
such, the Company is expanding its reach and capability growth of the logistics segment to Rp994 billion in 2023.
in the growing retail petroleum segment by increasing
the number of bp AKR stations to 46 units. As the use The industrial estate segment, particularly KEK JIIPE
of high-quality petroleum increases, AKR will be in a Gresik, surpassed its land sales target by recording sales
strategic position to serve this market. The company of 91 Ha in 2023, up from 44 Ha in 2022, a 102% increase
is also continuing to drive the growth of other joint in revenue from the industrial estate segment, reaching
ventures in aviation petroleum, lubricant distribution, Rp981 billion, with a gross profit growth of 81% year-on-year
chemical distribution, warehousing, bunker services, (YoY) and increased contribution to 22% in 2023 compared
and gas distribution. to 13% in 2022.
5. In 2023, the government decided to increase B30 to
B35 biodiesel and AKR is supportive of this mandatory Operational efficiency improvements led to significant cost
program. With capacity for in-line blending and strict IT reductions and strong operating cash flow, contributing to
monitoring, the company can build on its performance EBITDA growth of 14% to Rp4,048 billion. The Company
as one of the main partners in the energy transition maintained a well-managed balance sheet with improved
process. In order to prepare for the growth opportunities return on assets (ROA) and return on equity (ROE) reaching
in green energy demand, AKR is also developing cleaner 9.2% and 24.7% respectively. Total assets increased by 11%
energy distribution, establishing several subsidiaries to to Rp30,255 billion, driven by growth in fixed assets and
analyze and serve the market. cash reserves, which reached Rp6,536 billion by December
31, 2023.
Role of the Board of Directors in Strategy Formulation
and Implementation Supervision AKR continues to enhance its operational efficiency,
The Board of Directors, as per the Board of Directors resulting in significant cost reductions and reporting of a
Charter, holds responsibility for managing the Company strong operational cash flow. AKR recorded 14% growth in
in alignment with its objectives outlined in the Articles of EBITDA to Rp4.048 billion, which has enabled the funding
Association. The strategies and policies implemented in of expansions and significant interim dividends to be paid
2023 were crafted in line with the Vision and Mission, taking to shareholders.
into account the risks associated with growth trajectory. The
Board actively engages in strategy formulation, identifies Total liabilities also increased by 16% to Rp16.212 billion from
business challenges, provides economic direction, and Rp14.033 billion in 2022, primarily stemming from trade
sets targets congruent with business trends. payables and additional bank borrowings for industrial
zone subsidiaries. AKR operates a healthy working capital
Regular supervision of the Company’s performance is ratio with a Current Ratio of 1.4x and a Net Cash position
conducted by the Board to ensure adherence to the with a net gearing of -0.16x.
strategic plan and alignment with other business units.
Supervision includes regular meetings to coordinate AKR’s overall performance has seen excellent
strategy implementation and compliance with budget achievements, proving to be sustainable and consistent.
plans. Effective communication is emphasized to facilitate Investments in the industrial zone segment have shown
strategy execution success, analyze risks preemptively, and increased contributions and the success in generating
make timely adjustments and follow-ups. profit has undoubtedly strengthened the Company’s
mission to deliver value to shareholders and stakeholders.
In 2023, the Board of Directors implemented a tiered
monitoring system of the performance of division IMPLEMENTATION OF CORPORATE
heads and branch managers, followed by a transfer of GOVERNANCE
information, market analysis, and overall sharpening of
implementation execution. In addition, the Board held For 63 years, AKR has built a strong reputation for
Consolidation Meetings to measure the effectiveness of leadership as a trusted provider in Indonesia’s chemical
the Company’s strategies and achievements. and energy supply chain, attributed to the optimization
of development potential and the steadfast maintenance
Financial Performance Achievement 2023 of integrity and credibility among all stakeholders (pivotal
AKR successfully achieved 16% growth in net profit in 2023, factors that have enabled AKR to expand its business
reaching Rp2,780 billion compared to Rp2,403 billion in presence across various sectors).
2022, reflecting a compound annual growth rate (CAGR)
of 31% over the last five years. This was primarily driven by AKR prioritizes the enhancement of cultural internalization,
the core business sectors of trade distribution, logistics, bolstering corporate governance. This approach ensures
and the industrial estate segment. Although there was an that corporate governance practices deliver sustainable
11% decrease in revenue in 2023, dropping from Rp47,540 value for stakeholders, including shareholders, employees,
billion to Rp42,087 billion, this was due to lower selling consumers, suppliers, partners, regulators, and the public.
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Highlights and Analysis
To uphold best practices in corporate governance, newsletters, performance appraisals, and direct messages
AKR refines its structure, processes, and mechanisms, from top management. The Company also prioritizes an
periodically assessing the alignment of its practices inclusive and equitable work environment, ensuring equal
with national and international standards, such as the opportunities regardless of gender, ethnicity, race, or
ASEAN Corporate Governance Scorecard, POJK No.21/ religion. As a result, the Company maintains a gender ratio
POJK.04/2015, and the 2021 General Guidelines for of women at the middle-top level above 20%.
Indonesian Corporate Governance (PUGKI) issued by the
National Committee on Governance Policy (KNKG). In recognition of its commitment to developing human
resources, AKR received the Human Capital on Resilience
AKR instills a commitment to corporate governance Excellence Award 2023 (HCREA) from First Indonesia
among personnel through socialization, education, and Magazine in 2023. This award acknowledges AKR’s efforts
training initiatives, integrated into the Company’s culture in nurturing agile HR talents capable of adapting to
and operational activities, including interactions with changes in the business landscape. The Board of Directors
external parties. aims to maximize each individual’s potential to be adaptive
and globally competitive, preparing them to tackle future
In 2023, AKR updated its Code of Ethics and Conduct and challenges in the digital era while maintaining a healthy
conducted extensive socialization of these guidelines in work environment.
alignment with regulatory standards. The Code of Ethics
was disseminated across all levels to ensure employees OPTIMIZATION OF INFORMATION
align with the Company’s values in their daily activities. TECHNOLOGY
Additionally, the Integrity Pact was signed by 1654
employees, demonstrating their commitment to ethical The Board of Directors at AKR acknowledges the strategic
conduct. Furthermore, AKR released several policies importance of information technology (IT) management
derived from the Code of Conduct, such as a human rights in supporting business operations, recognizing that IT
policy to safeguard employees, and a health, safety, security, implementation not only supports cost leadership but also
and environment policy to reinforce commitments to effectively and efficiently enhances business continuity.
workplace safety and environmental protection. The Company continues to innovate and invest in IT
systems to enhance service quality in line with customer
The commitment to corporate governance fosters efficient expectations.
and responsible business operations, driving consistent
growth and delivering satisfactory value to stakeholders. In 2023, the Company strengthened the use of IT systems
It also enhances trust among investors, shareholders, with Artificial Intelligence (AI) in operational monitoring,
regulators, government entities, customers, and opens ranging from monitoring fleet distribution routes to
new business opportunities. assessing driver behavior to ensure the drivers’ well-
being. With this tool, drivers on duty are ensured to be
HUMAN RESOURCES DEVELOPMENT in a healthy and prime condition. This effort is further
reinforced by enhancing supervision in the Control Tower
Human resources (HR) are crucial in ensuring the to 24/7. Consequently, the Company achieved increased
sustainability of a company’s business, and AKR places productivity in its truck fleet, positive growth in product
significant emphasis on developing future-ready HR distribution, and maintained work safety indicators.
through regeneration programs aimed at cultivating
future leaders. The management team actively analyzes AKR’s IT system ensures accountability and transparency,
competent internal cadres and incorporates them into particularly with the implementation of SCADA in the
workforce planning processes based on employee blending and filling process at storage terminals. This
replacement evaluations, ensuring that HR is optimally system enables AKR to be accountable for the quantity
positioned. and quality of distributed products. Additionally, the
Company aims to enhance existing applications such as
In 2023, the commitment to employee education and Enterprise Resource Planning (ERP), Distribution Planning
training continued, investing Rp1,2 billion in training for efficient customer trips, and Customer Relationship
costs. Planned education and training programs with Management (CRM).
specific mandatory targets for employees at every level
are implemented as strategies to cultivate superior and As part of IT governance to protect stakeholders,
competent human resources capable of working actively cybersecurity enhancements are prioritized to secure
and efficiently, thereby enhancing productivity. Company and consumer data. The IT Department,
responsible for IT management and development at AKR,
HR development at AKR is guided by the core values: conducts reviews and audits to maintain data privacy
Entrepreneurialism, Collaboration, Agility, Performance- and ensure cybersecurity measures are implemented
based Rewards, Team Empowerment, and Zero effectively. Continuous supervision and improvement
Tolerance for discrimination. These values are continually of the Data Center and Disaster Recovery Center are
internalized through communication channels such as conducted to minimize risks during disruptions.
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SOCIAL AND ENVIRONMENTAL to Rp24,19 billion, marking a 6% increase compared to the
RESPONSIBILITY previous year’s Rp22,85 billion. Furthermore, AKR and its
entities are dedicated to prioritizing the employment of
AKR understands the importance of ethical responsibility local labor and suppliers. In 2023, 84% of AKR’s workforce
and compliance with laws and regulations in all business needs were met locally. Community empowerment is also
activities, aiming for sustainable development that evident in redirecting labor from local companies and local
balances profits with added value for shareholders, fishing communities to the JIIPE area. Regular monitoring
community needs, and environmental protection in the of local biodiesel procurement loading ensured that the
operational areas, allowing the Company to grow alongside TKDN biodiesel figure exceeded 40% in 2023. Moreover,
its stakeholders. the Company maintains continuous monitoring of local
procurement loading in all projects to ensure compliance
AKR understands the importance of ethical responsibility with the minimum 30% requirement.
and compliance with laws and regulations in all business
activities, aiming for sustainable development that In Our Conduct, AKR has introduced a range of policies
balances profits with added value for shareholders, covering health, safety, and environmental concerns,
community needs, and environmental protection in the human rights, and sustainable procurement. These policies
operational areas, allowing the Company to grow alongside are further reinforced by the updated Code of Ethics and
its stakeholders. Conduct, reflecting the Company’s adaptability to evolving
business conditions. This framework plays an important
In the Our Business Portfolio pillar, AKR achieved role in reinforcing the dedication of all employees to align
double-digit net profit growth through successful their behavior with the Company’s values and integrate
management. The JIIPE project ranked first among 10 them into their daily tasks.
KEKs, demonstrating a multiplier effect with significant
worker absorption and economic contributions. Notably, The company has observed that the implemented ESG
JIIPE experienced a cumulative employment growth, initiatives have had a positive impact on several important
absorbing 32,000 workers. This project also contributed aspects within the Company and the local economy.
significantly to the regional and national economy by Among these, through operational excellence involving IT
attracting cumulative investments totaling Rp71,5 trillion innovation, efficiency has been maintained, keeping cost
as of December 31, 2023. levels and profitability in check. Good relationships with
various stakeholders can also be established, providing
In 2023, the Company took further steps to increase opportunities to open new subsidiaries that will further
investment in cleaner and/or renewable energy develop the cleaner energy business, especially JIIPE.
businesses through several partnerships. By successfully With exposure to ESG initiatives, AKR can expand its ESG-
implementing the government’s B35 biodiesel program minded shareholder investor base and increasingly attract
and initiating solar panel projects, the Company gradually investors to open factories with facilities in KEK JIIPE Gresik.
increased the share of renewable energy in its energy The Board of Directors will further refine the Company’s
mix, now reaching 27% compared to 23% the previous ESG initiatives by considering recommendations provided
year. Additionally, with reliable operational performance by stakeholders.
through the optimization of the IT monitoring system,
emission intensity was maintained at 0.02 tons of CO2 per ASSESSMENT OF THE PERFORMANCE OF
rupiah million of gross profit, achieved while expanding THE SUPPORTING COMMITTEE OF THE
the fleet of trucks and vessels to meet increasing customer BOARD OF DIRECTORS
demand.
In formulating and overseeing the implementation of the
In the Our People Pillar, AKR achieved zero fatalities sustainability strategy, the Board of Directors is supported
across its business operations and maintained a safe by the ESG Committee, consisting of Directors leading
work environment with 13 million kilometers of safe truck key business pillars, and overseen by the Independent
mileage, reflecting a dedication to fostering inclusivity Commissioner. In 2023, based on recommendations from
and safety at work. The Company also emphasizes the ESG taskforce and stakeholders, the ESG Committee
internal succession planning and equal opportunities endorsed essential ESG policies and a new Code of Ethics
for employees from diverse backgrounds. In 2023, AKR and Conduct. The Committee has been effective in its
appointed capable women to important leadership roles, duties, including strategy formulation and evaluating ESG
maintaining a 24% representation of women in middle-to- performance, involving various stakeholders, particularly
top-level positions. members of the ESG taskforce.
In the Our Communities pillar, Corporate Social
Responsibility activities are tailored to meet the needs BUSINESS OUTLOOK 2024
of local communities surrounding operational areas. In
2023, AKR, along with its subsidiaries and joint venture In the World Economic Outlook report for January 2024,
companies, collectively funded CSR initiatives amounting the IMF projected a global economic growth rate of
3.1%, consistent with the growth rate observed in 2023.
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Highlights and Analysis
Additionally, Indonesia’s Gross Domestic Product (GDP)
is forecasted at 5.0%, unchanged from the previous year. CHANGES IN THE COMPOSITION OF THE
The Board of Directors anticipates an active role from BOARD OF DIRECTORS
the government in maintaining economic stability and
fostering growth through measures such as increased The composition of the Board of Directors has not changed,
investment and exports, social assistance and subsidies, so until the end of 2023 is as follows:
: President Director
and structural reforms to enhance competitiveness. Haryanto Adikoesoemo : Director
These reforms include simplifying regulations, upgrading Jimmy Tandyo : Director
infrastructure quality, and improving education and labor Bambang Soetiono Soedijanto : Director
skills. Mery Sofi : Director
Suresh Vembu : Director
In 2024, AKR plans to capitalize on the downstream Nery Polim : Director
momentum, aligning with the government’s initiatives Ter Murti Tiban
to accelerate industrial growth. Through the JIIPE
project, AKR offers an integrated supply chain ecosystem APPRECIATION
encompassing multimodal transportation, deep-sea ports,
electrical energy availability, and streamlined licensing On behalf of PT AKR Corporindo Tbk’s Board of Directors,
processes. These factors contribute to enhancing the sincere appreciation and thanks to the Board of
competitiveness of the national industry, particularly Commissioners, management at all levels, and all AKR
supporting petroleum and basic chemicals demand from employees for their unwavering support and dedication
smelters in Eastern Indonesia. throughout 2023 is extended. Gratitude must also go to the
shareholders, customers, partners, regulators, and other
The Board of Directors is confident that by maintaining a stakeholders who have played a crucial role in keeping
robust business model, practicing disciplined management AKR at the forefront of every industry in which it operates.
of working capital and inventory, and staying committed
to consistently delivering value to stakeholders, steady The outstanding achievements in 2023 are a testament to
profit growth in the coming years can be achieved. the exceptional performance of the management team.
With the trust of stakeholders and a commitment to
In the future, AKR will utilize its established logistics delivering superior value, confidence in the ability to tackle
infrastructure to improve capabilities and networks to future challenges and achieve sustainable growth in the
meet new demands in eastern Indonesia. Market share years ahead is well placed.
in retail petroleum will continue to be expanded, to better
cater to the need for high-quality petroleum. Moreover,
AKR will further explore partnerships established in 2023
aimed at developing cleaner and renewable energy
businesses, with a specific focus on completing facilities at
KEK JIIPE Gresik.
Jakarta, April 5, 2024
On behalf of the Board of Directors
Haryanto Adikoesoemo
President Director
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BOARD OF DIRECTORS
Suresh Vembu Haryanto Adikoesoemo Bambang Soetiono Ter Murti Tiban
Director Presidet Director Soedijanto Director
Director
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Nery Polim Jimmy Tandyo Mery Sofi
Director Director Director
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RESPONSIBILITY STATEMENT
OF THE BOARD OF COMMISSIONERS
FOR THE ANNUAL REPORT 2023
OF PT AKR CORPORINDO TBK
We, the undersigned, hereby declare that all information in the Annual Report 2023 of PT AKR Corporindo Tbk. has been
fully disclosed and we are solely responsible for the accuracy of all contents of the Annual Report.
This statement has been made truthfully.
Jakarta, 5 April 2024
BOARD OF COMMISSIONERS
Soegiarto Adikoesoemo
President Commissioner
Sofyan A. Djalil Fauzi Ichsan
Commissioner Independent Commissioner
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Financial Management Company Management Business Corporate
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Highlights and Analysis
RESPONSIBILITY STATEMENT
OF THE BOARD OF DIRECTORS
FOR THE ANNUAL REPORT 2023
OF PT AKR CORPORINDO TBK
We, the undersigned, hereby declare that all information in the Annual Report 2023 of PT AKR Corporindo Tbk. has been
fully disclosed and we are solely responsible for the accuracy of all contents of the Annual Report.
This statement has been made truthfully.
Jakarta, 5 April 2024
BOARD OF DIRECTORS
Haryanto Adikoesoemo
President Director
Jimmy Tandyo Bambang Soetiono Soedijanto Mery Sofi
Director Director Director
Suresh Vembu Nery Polim Ter Murti Tiban
Director Director Director
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03
Company
Profile
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GENERAL
INFORMATION
2,813
Company Name Number of Employees in 2023
PT AKR Corporindo Tbk
people
Date of Establishment Legal Status
November 28, 1977 Public Limited Company Share Ownership Composition
(Tbk)
Stock Listing on Stock Exchange
60.17%
PT Arthakencana Rayatama
Business Field
Indonesia Stock Exchange
38.16%
Trading and Distribution on October 3, 1994.
Logistics Services Bond Code and Rating Public
AKR Corporindo's Sustainable
Manufacturing
1.68%
Bonds Series I Phase I in 2017
with a Fixed Interest Rate,
Industrial Estate Series C
Treasury Stock
Authorized Capital
Rp750,000,000,000
divided into 37,500,000,000 shares,
each share with a nominal value of Rp20,
Paid-up Capital
Rp401,469,492,000
with a composition of 20,073,474,600 shares
with a nominal value of Rp20,
Legal Basis of Establishment
Deed Number 46 dated November 28, 1977, executed before Notary
Sastra Kosasih in Surabaya, confirmed as a legal entity based on the
Decree of the Minister of Justice of the Republic of Indonesia Number
Y.A.5/161/7 dated June 14, 1978. It was announced in the State Gazette
of the Republic of Indonesia Number 101 dated December 19, 1978,
Supplement Number 741/1978.
Office Address
AKR Tower Lantai 26
Jl. Panjang No.5 Kebon Jeruk
Jakarta Barat 11530, Indonesia
+62 21 5311110
+62 21 5311388, 5311185
corporate.secretary@akr.co.id
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A BRIEF HISTORY
OF THE COMPANY
PT AKR Corporindo Tbk (hereinafter referred to as "AKR"
or the "Company") was established in Surabaya based
on Deed Number 46 dated November 28, 1977, executed
before Notary Sastra Kosasih under the name PT Aneka
Kimia Raya. In its early years, the Company's main focus was
on trading basic chemical materials. Over time, especially
in the 1970s, AKR's ownership of a large number of storage
tanks for basic chemical materials and warehouses at
various major ports in Indonesia made it the largest
distributor of chemical materials in the country.
In the 1980s, AKR relocated its headquarters to Jakarta,
and in the following decade, the Company became a
publicly listed company on the Indonesia Stock Exchange.
The Initial Public Offering (IPO) of the Company's shares
was held on October 3, 1994, with the stock code AKRA.
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Expanding its business beyond basic chemical materials, after Industrial Zones in the Java and Eastern Indonesia
the Company changed its name to PT AKR Corporindo regions. JIIPE, as a Special Economic Zone (SEZ) has
Tbk in 2004. According to its Articles of Association, become a center for economic growth and has good
the Company's business activities include chemicals, growth potential. JIIPE's primary focus is on integrated
oil petroleums, gas, logistics, transportation services, technology and manufacturing development, serving as
warehouse and tank leasing, workshops, expeditions a national strategic project with significant impact on the
and packaging, construction contractors and services development of these sectors. The JIIPE Gresik KEK is a host
(excluding legal services), as well as operating as a to the world's largest Single Line Copper Smelting Plant.
representative and/or agency for other companies, both The groundbreaking for this project took place in August
domestic and foreign. 2021 and was attended by the President of Indonesia.
In 2005, the Company began distributing non-subsidized In 2018, the Company collaborated with BP to develop
Petroleum Oil (Petroleum) products, making it the the retail market for Petroleum Oil (BBM) and lubricants,
first national private company involved in Fuel product as well as to distribute aircraft petroleum at new airports
distribution. Five years later, the Company was entrusted in Indonesia. By opening BP AKR Gas Stations, AKR has
by the Downstream Oil and Gas Regulatory Agency (BPH strengthened its position as a petroleum distribution
Migas) to distribute subsidized Petroleum to various company. As of December 2023, 46 BP AKR Gas Stations
regions in Indonesia. The Company has consistently been have been operating effectively.
trusted as the Implementing Business Entity for the
Provision and Distribution of Certain Types of Petroleum In 2020, the Company, together with PETRONAS
Oil (P3JBT) which is supported by an innovative integrated Chemicals Group Berhad, formed a joint venture through
technology system to monitor and control the distribution their respective subsidiaries to coordinate the distribution
of subsidized petroleum. of chemicals in Indonesia. This joint venture has been
active since 2021.
Currently, the Company and BP AKR operate more than
150 retail outlets covering the 3T (Outermost, Front, Left On August 4, 2021, the Company entered the cleaner energy
Behind) and urban areas. Along with business evolution, sector by establishing a joint venture gas distribution
the Company expands its market reach and customer company with PT Bayu Buana Gemilang (BBG). Named PT
base through collaborations with several leading strategic Berkah Buana Energi (BBE), it manages gas distribution
partners in its field. to the JIIPE KEK area in Gresik and its surroundings, along
with exploring opportunities outside the JIIPE region. In
Since 2013, the Company has partnered with Pelindo in this joint venture, AKR has 65% ownership control, while
the Java Integrated Industrial Port Estate (JIIPE) project in BBG holds 35%. The establishment of a new subsidiary
East Java. The JIIPE Special Economic Zone covers an area supports the development of the JIIPE SEZ, followed by
of approximately 3,000 hectares, comprising an Industrial establishing PT Anugrah Kreasi Pratama Indonesia which
Zone of 1,761 hectares, a Deep Sea Port of 406 hectares, runs a warehousing business and PT Berkah Bunker
and a residential area of 800 hectares which is developed Service which provides sea port services.
by affiliate company. AKR holds 60% of the company's
shares indirectly through PT Usaha Era Pratama Nusantara The Company has also entered into a joint development
(UEPN), while Pelindo holds 40% indirectly through PT agreement with BP Gas & Power Investments Limited (bp)
Berlian Jasa Terminal Indonesia (BJTI). to collaboratively develop an LNG import project, including
a regasification terminal in JIIPE. This project is planned to
On June 28, 2021, Government issued Regulation (PP) provide a reliable gas supply to tenants in JIIPE, with the
Number 71 of 2021 designating JIIPE as a Special Economic potential capacity to supply the local gas pipeline network
Zone (KEK) for Technology & Manufacturing. This decision in East Java.
positions JIIPE as one of the most competitive and sought-
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Chronology of Changes in Name and Legal Status
The Company was established under the name PT Aneka • The company underwent a name change to PT AKR
Kimia Raya, based on Deed Number 46 dated November Corporindo Tbk along with the addition of business lines,
28, 1977, executed before Notary Sastra Kosasih. Since its recorded in Deed Number 36 on September 23, 2004,
establishment, there have been several name changes: and executed before Dr. Amrul Partomuan Pohan, S.H.,
• The Company changed status to a public company LLM, a notary in Jakarta. The change received approval
after conducting an Initial Public Offering of shares and from the Minister of Justice and Human Rights of the
officially being listed on the Indonesia Stock Exchange Republic of Indonesia, as per Decree dated September
on October 3, 1994, under the name PT Aneka Kimia 29, 2004, Number C-24263 HT.01.04.TH 2004.
Raya Tbk. Approval from the Company's shareholders
was officially recorded in Deed Number 163 on May 16,
1994, executed before Poerbaningsih Adi Warsito, S.H., a
Notary in Jakarta.
• This change received approval from the Minister of
Justice and Human Rights of the Republic of Indonesia,
as per Decree dated August 23, 1994, Number C2-12686.
HT.01.04.Th.94.
Overview of Company Name Changes
PT ANEKA KIMIA RAYA PT ANEKA KIMIA RAYA TBK PT AKR CORPORINDO TBK
November 28, 1977 October 3, 1994 September 23, 2004 - present
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KEY COMPANY
VALUES
Collaborative
Appreciates High
Performance
Empowers
the Team
Uncompromising
Agile
Entrepreneurial
Spirit
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COMPANY LOGO
INFORMATION
This logo reflects the Company's commitment to its Vision, portraying it as a key player in the field of logistics services
and procurement solutions for chemicals and energy in Indonesia. The Vision aims to achieve global excellence through
efficient asset and resource management, strong partnerships, and business strategies that drive large-scale progress.
1. The logo uses the initials "AKR" as the central element, 3. The red in the letter "A" of "AKR" symbolizes light,
the acronym of the Company. representing sincerity and honesty in conducting
2. The acronym "AKR" is placed inside a blue circle, business, with a focus on healthy and responsible
reflecting AKR's status as a recognized business entity business activities.
with a worldwide reputation. 4. The white reflects professionalism and compliance
with applicable business regulations, as well as a
commitment to prioritizing fair and equal business
practices.
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COMPANY
RECORD
1960 2019
Trading of basic chemicals established in Surabaya • Leasing of land for the Coppers Smelter project at
JIIPE
• Opening of the Air bp AKR JV Avtur Terminal in
1977
Morowali, Central Sulawesi
Formalization of the business with the establishment
• JIIPE Industrial Area, through PT Berkah Kawasan
of PT Aneka Kimia Raya on November 28, 1977
Manyar Sejahtera, obtains Integrated ISO
Certification
1980
AKR begins constructing chemical storage tanks and
2018
warehouses at several ports
• AKR completed divestment of Kalista Liuzhou
Chemical Ltd in China
1994 • AKR hands over the Sorbitol factory land for auction.
Initial public offering on October 3, 1994; AKR shares Khalista divestment process, including land auction,
listed on the Indonesia Stock Exchange with the code is completed
"AKRA" • JIIPE inaugurated as one of the national strategic
projects
• Project JTT Phase 2A, adding a capacity of 100,000
2004
KL, officially begins
• PT Aneka Kimia Raya Tbk renamed to PT AKR
• First BP AKR gas station officially opens
Corporindo Tbk on September 23, 2004
• AKR acquires shares in Sorbitol Manufacturing
Plant PT Sorini Agro Asia Corporindo and Khalista 2017
Liuzhou Chemical Industries Ltd. • BP and AKR sign a Retail Joint Venture Agreement
in Indonesia
• Castrol & AKR sign Lubricants Distribution
2005
Agreement
AKR becomes the first national private company to
• AKR divests its shares in Guigang port in China
distribute non-subsidized petroleum in Indonesia
• JIIPE: PT Berlian Manyar Sejahtera port to acquires a
76 years Concession
2006
AKR acquires and operates river ports in China 2015
Serah terima lahan Kawasan Industri yang pertama
2008 • Handover of land to first industrial customer
• AKR purchases its first petroleum transport ship, • Java Integrated Industrial and Port Estate (JIIPE)
SPOB AKRA-10 approved by the government under the KLIK
• Stagen 50.000 KL terminal commissioned program
• Joint Venture Agreement for aviation petroleum
distribution signed with Air bp
2010 • JIIPE port begins operations
• AKR becomes the first national private company
to distribute subsidized petroleum in Indonesia
through the operation of petrol station for motorists 2013
and for (SPBKB) and for fisheries (SPBN) AKR and Pelindo jointly begin developing the
• Phase I of PT Jakarta Tank Terminal, a subsidiary Java Integrated Industrial and Ports Estate (JIIPE),
engaged in petroleum storage tank terminals in integrating industrial areas with deep-sea ports in
Tanjung Priok, is inaugurated in April 2010 Gresik, East Java
• AKR divests its ownership in PT Sorini Agro Asia
Corporindo
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2020 2023
• AKR pays off SR Bonds Phase 1 year 2017 Series A • PT Anugrah Kreasi Pratama Indonesia
amounting to IDR 895bn. established to operate Bonded Warehousing
• AKR obtains ISO 9001 - 2015 certification for the
in JIIPE
Trade & Distribution of Industrial Petroleum
Management System • PT Berkah Bunker Service established to
• AKR signs agreements to inaugurate a joint venture conduct maritime port services activities in
with Petronas Chemicals Group Berhad (PCG) for JIIPE
chemical distribution and establishes PT Anugerah • PT Berkah Renewable Energi Nusantara
Kimia Indonesia
established for the Operation of Power
Plants in the JIIPE Region
• AKR signs a Joint Development Agreement
2021
with BP GAS & POWER to develop an LNG
• Inauguration of the JIIPE Industrial Area as a Special
Economic Zone for the Technology & Manufacturing project in JIIPE
Sector • AKR adds 2 vessels, namely AKRA 103 and
• Establishment of a JV company for the Natural Gas 105, bringing the total to 14 vessels
Distribution Business
• Signing of a long-term land lease and construction
agreement for the operation of a special port for the
copper smelter
• AKRA included in major ESG indices: SRI-KEHATI
Index, ESG Quality 45 IDX KEHATI, ESG Sector
Leaders IDX KEHATI
• Anugerah Kimia Indonesia makes its first delivery of
basic chemicals to customers
2022
• AKRA stock split 1:5
• JIIPE Gresik installs rooftop solar power plants to
support the use of renewable energy commitment
• Signing of the Power Purchase Agreement between
BKMS and PLN to supply electricity for the single-
line copper smelter project in JIIPE SEZ
• AKR pays off the AKR Corporindo Phase I 2017
Series B Shelf Registration Bonds amounting to IDR
68 billion
• JIIPE receives Operational Certificate as the Gresik
SEZ
• 11 AKR storage terminals, 1 AKR branch, and JTT
receive the BLUE Proper Certificate
• Assignment of Subsidized Biodiesel Supply and
Distribution for 2023 – 2027
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BUSINESS
SECTORS
Business Activities Based on the Articles of Association
In accordance with Article 3 of the Company's Articles of Association, as approved in the Extraordinary General Meeting of
Shareholders on April 28, 2022, the purpose and objectives of the Company are focused on the following areas:
1. Industry; 4. Provision of electricity, gas, steam, hot water, and cold
2. Trade; air;
3. Transportation and warehousing (rental and operational 5. Professional, scientific, and technical activities (services);
leasing without an option to buy, manpower, travel 6. Construction.
agencies, and other supporting business activities);
Business Activities
The Company carries out the following business activities to achieve the aforementioned goals and objectives,:
Main Business Activity • Retail trade of Petroleum (BBM), Gas (BBG), and
1. Industry: Liquefied Petroleum Gas (LPG) in Basic, Maritime,
• Industrial products from oil refineries include the and Air Transportation Facilities includes retail
processing of asphalt/tar, bitumen, and wax (usable of BBM, BBG, LPG, or other types of petroleums
for road coatings, roofing, wood, paper, and so on), as at petroleuming facilities for land, sea, and air
well as petroleum coke. This category encompasses transportation, such as gas stations and including
products for the petrochemical industry with various petroleum for speedboats and generators. This
products, such as white spirit, vaseline, paraffin activity involves the sale of lubricants, cooling
wax, petroleum jelly, petroleum briquettes, and the products, cleaning materials, and other goods
blending of biopetroleums, such as alcohol with related to the needs of vehicles.
petroleum (for example, gasohol); and,
• The petroleum petroleum industry solven refining 3. Transportation and Warehousing (Leasing and
and processing crude oil includes activities in Operational Leasing Activities Without Option
purification and refining that results in Avigas, Avtur, Rights, Manpower, Travel Agents, and Other
Gasoline, Kerosene, Solar Oil, Diesel Oil, Petroleum Business Support Activities):
Oil or Petrol, and Solvent/Diluent. This category also • Pipeline transportation, including the transportation
includes the production of LPG (liquefied petroleum of oil and natural gas (crude oil, oil petroleums,
gas) from the refining of crude oil. processed products, and natural gas), liquids, water,
mud, and other commodities from the manufacturer
2. Trade: to the consumer through pipelines based on fees or
• Wholesale trade of solid, liquid, and gas petroleums, contracts, including pump station operations;
as well as related products, includes crude oil, raw oil, • Motorized transportation for general goods, covering
diesel petroleum, gasoline, oil, kerosene, premium, motorized vehicles capable of carrying more than
solar oil, kerosene, coal, charcoal, coal residues, one type of cargo, including trucks, pickups, open-
wood petroleum, naphtha, biopetroleums, gas box trucks, and closed-box trucks;
petroleums such as LPG, butane gas, propane, polish • Motorized transportation for specific goods,
oil, lubricating oil, and refined petroleum products; specifically designed to carry a particular type of
• Wholesale trade of basic chemical materials and cargo, such as oil, crude oil, processed products, LPG,
goods encompasses the basic chemical materials LNG, CNG, hazardous goods, hazardous waste, heavy
or industrial chemicals, such as printer ink, essential equipment transportation, container transportation,
oils, industrial gases, chemical adhesives, dyes, live plant transportation, live animal transportation,
synthetic resins, methanol, paraffin, flavorings and and motor vehicle transportation;
fragrances, soda, industrial salts, acids, sulfur, and • Domestic sea transportation to carry specific types of
similar products; and, cargo such as hazardous goods, hazardous waste, oil,
crude oil, processed products, LPG, LNG, CNG, fish,
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and similar items; emitters), shipping, mooring activities.
• Warehousing and storage, including the temporary • River and lake port activities, encompassing
storage of goods before they are shipped to their various activities related to water transportation
final destination for commercial purposes; for passengers, animals, or goods. This includes
• Oil and natural gas storage, including storage operating terminal facilities such as ports and
activities (reception, collection, containment, and docks, navigation activities, cargo inspection, and/or
release of crude oil, oil petroleums, gas petroleums, container inspection using ionizing radiation sources
and/or processed products) at locations above and/ (radioactive substances and ionizing radiation
or below ground, and/or on water for commercial emitters), shipping, mooring activities, as well as
purposes, including storage in free trade zones; piloting, and delaying services.
• Hazardous Material Storage Activities, specific storage
conditions based on the nature/characteristics of 2. Construction
hazardous and toxic materials; • Civil engineering construction of bridges and
• Bonded warehousing or bonded area, covering overpasses, including the construction, maintenance,
business activities within a customs area that and/or reconstruction of bridge structures (including
receives special treatment, such as being outside the rail bridges), elevated roads, underpasses, and
customs area and managed by a corporate entity flyovers. Activities within this classification involve
engaged in warehousing activities, such as the the construction, improvement, maintenance of
Batam Industrial Zone; and supporting elements, and accessories for bridges
• Leasing and operational leasing for cars, buses, and elevated roads, such as retaining walls, road
trucks, and similar vehicles, including all types of drainage, road markings, and signs.
ground transportation equipment without operators. • Prefabricated Civil Building Construction Services,
including the installation of factory-produced
4. Professional, Scientific, and Technical Activities materials such as precast concrete, steel, plastic,
(Services) rubber, and other factory-produced materials. This
Other management consulting activities encompasses process is carried out using fabrication, erection, and/
providing advice, guidance, and operational support or assembly methods for civil buildings.
related to various aspects of organization and • Non-fishery port building construction, covering the
management. This includes areas such as strategic and construction, maintenance, and/or reconstruction
organizational planning; financial decision-making; of port structures (jetty), trestles, port facilities, and
marketing goals and policies; human resources similar structures for non-fishery ports. This includes
planning, practices, and policies; and scheduling and waterways or canals, ports, river track facilities, docks,
control of production planning. locks (Panama Canal Lock, Hoover Dam), and others.
• Civil construction for oil and natural gas,
The provision of these business services may involve encompassing business activities related to the
assistance in advising, guiding, and operationally construction, maintenance, and/or reconstruction
managing various functions, management consulting of civil structures in the context of upstream and
by agronomists and agricultural economists in the field downstream oil and gas operations.
of agriculture and similar areas, design of accounting
methods and procedures, cost accounting programs, 3. Electricity, Gas, Steam, Hot Water, and Cold Air
budget expenditure control procedures, advice and Supply
assistance for business and community services in • Electricity generation from various energy sources,
planning, organizing, efficiency, and supervision, including fossil energy sources such as coal, gas, oil,
management information, and others. This also and diesel. It also encompasses renewable energy
includes services related to infrastructure investment sources such as geothermal, wind, bioenergy, solar,
studies. water flow and falls, movement, and temperature
differences in ocean layers. Hybrid energy sources
Supporting Business Activities that combine fossil energy with renewable energy,
1. Transportation and Warehousing as well as energy derived from energy storage
• Maritime port activities, including services related technologies, are also within the scope of these
to transportation for passengers, animals, or goods, supporting business activities.
operating terminal facilities, such as ports and • Other supporting electricity activities include services
docks, navigation activities, cargo inspection, and/or directly related to the provision and utilization of
container inspection using ionizing radiation sources electricity but not classified under groups 35121 to
(radioactive substances and ionizing radiation 35122. Examples include meter reading services,
billing compilation, electricity token trading activities,
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and other electricity support activities. and medium to low pressure (below 4 bar), whether
• The Procurement of natural and synthetic gas includes sourced from self-production or produced by third
businesses whose production involves improving the parties, to consumers or customers. Gas distribution
quality of gas. This includes purification, blending, through pipelines based on fees or charges is included
and other processes generated from natural gas in group 49300. This encompasses the distribution,
(including LPG), carbonization and coal gasification, supply, and procurement of all types of gas through
or other hydrocarbon materials. pipeline systems, trading gas to consumers through
• Distribution of natural and synthetic gas includes pipelines, activities of gas agents engaging in gas
distributing gas through high-pressure networks trading through distribution systems operated by
(above 10 bar), high-pressure (between 4 bar to 10 bar), others, and the operation of commodity exchanges
and capacity exchanges for gas transportation.
BUSINESS SEGMENTS,
PRODUCTS, AND SERVICES
The Company categorizes its main business activities into 2. Third Party Logistic Services
4 (four) segments, as follows: 3. Manufacturing
1. Trading and Distribution of Petroleums and Basic 4. Integrated Industrial Zones and Ports
Chemicals The Company offers different products within each
segment of its business activities, including:
Trading and Distribution
The Company's primary business focus is on trading and Since August 2018, the Ministry of Energy and Mineral
distribution. In this segment, the Company emphasizes 2 Resources announced the mandatory use of biodiesel
(two) main products, namely petroleum (BBM) and basic for all industrial and transportation users with limited
chemicals. exceptions. With the B30 mandate, AKR has been
allocated the largest quota for Fatty Acid Methyl Ester
1. Non-Subsidized Industrial Petroleum (FAME) blending among private companies.
Since 2005, AKR has commenced and developed the
business of distributing non-subsidized industrial 2. Non-Subsidized Retail Petroleum
petroleum product to meet the needs of customers The company has entered into a partnership with BP to
from various industrial sectors. The Company continues develop the retail petroleum petrol station in Indonesia
to develop innovative logistic network facilities for in April 2017. Through this collaboration, a joint venture
distribution purposes, especially for customers in company named PT Aneka Petroindo Raya, operating
the mining, power generation, manufacturing, under the name "bp AKR Petroleums Retail," was
transportation, and bunker industries. The Company established. Under the exclusive agreement, both
is currently operating terminal tank facilities in several parties are committed to developing and providing
strategic main ports located throughout Indonesia with a unique consumer experience by leveraging BP's
a total capacity of 819,400 KL. expertise and experience along with AKR's presence in
the growing retail market in Indonesia.
The Company's excellence in reliable supply chain
management boosts capacity, quality, and timely By the end of 2023, AKR had successfully opened
distribution of industrial petroleum to customers 46 AKR-branded gas stations located in the Jakarta
scattered across various regions of the country. This metropolitan area, Surabaya, Gresik, Malang, and Toll
reliability is supported by an operational fleet of Rest Area. With the industry's development, the retail
petroleum transport vessels, including 14 ship tankers, sector is expected to be a growth-supporting factor in
barges, and Self-Propelled Oil Barges (SPOB), used for the future for the petroleum segment.
sea and river distribution. The Company also possesses
a fleet of 229 trucks to deliver products across Indonesia.
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INDUSTRIAL PETROLEUM PRODUCTS
Biodiesel Marine Petroleum Oil, IDO Lubricants
Mining Plantation Power plant Manufacturer Ship Manufacturer Ship Heavy
equipment
Ship Shipping
RETAIL PETROLEUM PRODUCTS
Subsidized Non-Subsidized Aviation Fuel
Biodiesel B30 High-octane gasoline, Premium Quality Avtur
Diesel, Active Technology
Truck Fishing Vessel Motor vehicles Aircraft
3. Subsidized Retail Petroleum The Company operates SPBKB and SPBN in Sumatra,
Since 2010, the Company has been entrusted to Java, Bali, and Kalimantan, with a well-organized
distribute non-subsidized petroleum (BBM) from terminal network and an extensive transportation fleet
the Downstream Oil and Gas Regulatory Agency to efficiently carry out distribution. This strengthens the
(BPH Migas) due to its capacity and experience. The Company's position as it receives regular assignments
distribution of subsidized petroleum oil is carried out from BPH Migas for Biodiesel distribution.
through Vehicle Repetroleuming Stations (SPBKB) and
Fishermen's Petroleum Filling Stations (SPBN) under
the brand AKRA SOL, which is now a Biodiesel product.
Product Service
• Biopetroleum (B30)
Non-subsidized Industrial Fuel • Industrial Diesel Oil (IDO)
• Petroleum Oil (FO)
• Gasoline RON 90, RON 92, RON 95
Non-subsidized Retail Fuel
• High Quality Diesel
Subsidized Fuel Biodiesel (B30)
4. Basic Chemicals chemical distributor with the largest market share
AKR is the main distributor for PT Asahimas Chemical, in Indonesia. This achievement is not only supported
responsible for distributing various basic chemicals, by superior infrastructure but also by the strength of
including chlor alkali, solvents, acids, and organic and an integrated supply chain and logistics system. The
inorganic chemicals. The Company not only relies on synergy between reliable infrastructure and supply
the distribution from PT Asahimas Chemical but also chain and logistics makes AKR the preferred choice
engages in the trade and distribution of basic chemicals for various industries in Indonesia requiring a supply
from domestic and international suppliers. of basic chemicals. Some of AKR’s industrial customers
include mineral smelters, consumer goods, textile, and
In the 1970s, AKR constructed the first storage tank glass.
terminal in Indonesia, establishing itself as the leading
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PRODUCT
BASIC CHEMICAL PRODUCTS CUSTOMERS
• Caustic Soda • Soda Ash • Home Care and Personal Products
• Sodium • Sulphuric Acid • Textile
Hypochlorite • Hydrochloric Acid • Glass
• Hydrogen Peroxide • Sodium Sulphate • Pulp and Paper
• PVC Resins • Methanol • Fertiliser
• Chemical and Pharmacy
• Plastic
• Food Additive
5. Lubricants first Aircraft Repetroleuming Depot (DPPU) at the
The company is accelerating its business expansion special airport IMIP in Morowali, Central Sulawesi, and
in the lubricants sector through its subsidiary, PT Cibubur. This also made AKR the first private company
Anugerah Lubrindo Raya (ALR). Established on to distribute aviation petroleum in Indonesia.
February 7, 2019, ALR operates as a subsidiary of PT
Anugerah Krida Retailindo, focusing on trading and 7. Gas
distributing lubricants, particularly for sectors such as On August 4, 2021, the Company and PT Bayu Buana
industry, maritime, mining, and commercial vehicles, Gemilang (BBG) entered into an agreement to establish
carrying the Castrol brand, a well-known name in the a joint venture named PT Berkah Buana Energi (BBE).
lubricants industry. With this move, the Company aims The purpose has been to engage in the construction,
to broaden its business portfolio and strengthen its management, and development of a natural gas
foundation in the sector through collaboration with a distribution network through pipelines that connect
globally recognized brand. gas sources to customers.
6. Aviation Petroleum In the initial stage, the joint venture's activities focus
In November 2016, the Company announced the on developing business in the JIIPE Gresik Industrial
signing of a joint venture with Air bp to distribute Estate, to meet the industrial needs in that area. Under
aviation petroleum at airports in Indonesia. The joint this agreement, the Company holds a 65% ownership
venture subsequently formed PT Dirgantara Petroindo stake, while BBG owns a 35% stake.
Raya (DPR). In August 2019, DPR officially opened the
Logistics Services
With an excellent logistics infrastructure, including The Company holds a 51% stake in PT Jakarta Tank
warehouses, storage tanks, ships, and trucks, AKR offers Terminal (JTT), a joint venture with Royal Vopak. JTT
efficient services to third parties that includes effective focuses on operating an independent petroleum (BBM)
and reliable bulk cargo management services at major storage tank terminal with a total capacity of 350,000 cbm,
ports in Indonesia. at Tanjung Priok port. JTT is one of the largest private tank
terminal owners in Indonesia, equipped with a dock and
The Company offers land transportation services to support underwater pipelines, and contributes to enhancing the
logistics through its subsidiary, PT AKR Transportasi Company's petroleum distribution capabilities,serving
Indonesia. Additionally, through PT AKR Sea Transport, the as an independent tank terminal with customers from
Company provides shipping vessels for delivering products leading oil companies. The types of products and services
to consumers and serves third parties. AKR continues to provided include the following.
develop essential infrastructure for receiving, storing, and
transporting various products.
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Service
Bulk Handling Services
Container Handling Services
Land and Sea Transportation
Tank Storage
Vendor Managed Inventory
Warehousing
Port services through affiliated PT BMS
The Company offers a Vendor Managed Inventory (VMI) system for its major customers. In this, the the inventory of
petroleum (BBM) is managed at the customer's location, where customers only need to pay based on their actual usage.
AKR is responsible for ensuring the availability and efficient management of the inventory with implementation of VMI
seen as a commitment by the Company to add value to customers by providing better inventory management solutions.
Manufacturer
The manufacturing segment focuses on the production of high-quality wood adhesive materials. This production is carried
out by the subsidiary PT Arjuna Utama Kimia (Aruki), located in Surabaya, East Java. Aruki is responsible for providing
adhesive materials needed by various companies in the wood and paper industry in Indonesia. The types of products and
services are as follows.
Product Brand Service
Urea-formaldehyde Resin Uloid Plywood and timber
High Solid Urea-formaldehyde Resin Uloid Particle Board and MDF
Melamine-formaldehyde Resin Uloid Plywood and timber
Planol-formaldehyde Resin Uloid Plywood and timber
Wood working, Furniture,
Two Component Vinyl Urethane Adhesive Struct Bond
Flooring & FJLB
High performance dry
Polyacrylamide Monomer (PAM) Resin HOFMANN strength enhancement
resin for paper
High performance dry
Polyacrylamide Monomer (PAM) Resin HOPELON strength enhancement
resin for paper
Paper wet strength
Melamine Resin URAMIN
improvement resin
Multi-purpose adhesive for
Poly Vinyl Acetate PVAc
wood and paper
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Industrial Zone
As part of its expansion strategy, AKR has developed the zone, 406 hectares for the seaport, and 800 hectares for
Java Integrated Industrial and Port Estate (JIIPE) located in housing and commercial spaces, developed by affiliated
Gresik, East Java, with the aim of developing a world class companies of AKR.
industrial estate which provides industrial lands parcels,
efficient logistic and utilities to industrial tenants. JIIPE has As a special economic zone themed around technology
a deep-sea port integrated with a large industrial area and and manufacturing for the government's downstreaming
has good connectivity within the rapidly growing province program, JIIPE is equipped with world-class supporting
of East Java. facilities such as power plants, water channels, wastewater
treatment, and information technology. These supporting
This project is one of the integrated industrial zone with facilities are expected to generate sustainable revenue,
deep sea port, covering the area of 3,000 hectares. The expanding the industrial business beyond land sales and
developed area includes 1,761 hectares for the industrial leases. The types of products and services provided are as
follows.
Products
Industrial Zone
Port and Port Operator
Utilities & Infrastructures
Markets
As a logistics and supply chain solution provider for energy In developing the non-subsidized retail fuel business and
and chemical sectors in Indonesia, and with extensive avtur, the Company collaborates with bp Global and form
infrastructure and logistic networks, the Company has joint ventures such as bp-AKR operates 46 gas stations
storage tanks and distribution terminals in 17 ports and PT Dirgantara Petroindo Raya (DPR) for ownership of
across Indonesia. The logistics fleet includes ships and 2 (two) aviation fuel depots in Indonesia.
trucks for the delivery of petroleum (BBM) and basic
chemicals, serving thousands of companies and industries In the subsidized retail segment, the Company distributes
throughout Indonesia. and sells Biodiesel for motor vehicles and fishermen in
Java, Sumatra, Kalimantan, and Sulawesi islands.
Biodiesel and petroleum is distributed to industrial
sector customers, encompassing commercial, mining, Moreover, the Company is involved in the distribution
power generation, manufacturing, construction, fisheries, and trade of basic chemicals, acting as a distributor
bunkering, and more. Euro 4 standard petroleums have for international basic chemical manufacturers in
also been introduced through retail outlets. Indonesia. The chemical products serve as raw materials
for various industries, including chemical, textile, pulp,
paper, consumer goods, fertilizer, wood products, food,
pharmaceuticals, alumina, and others.
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ASSOCIATION
MEMBERSHIPS
The Company strategy is to expand its business network and enhance communication on a broader scale through
engagement in various professional associations and other organizations. Membership also involves stakeholders in
addressing any challenges encountered during operational activities. As of December 31, 2023, the Company is listed and
affiliated with several associations, including:
Name Position in Association Membership Fee/Year (IDR)
Asosiasi Pengusaha Indonesia (APINDO) Member 27,500,000
Kamar Dagang dan Industri Indonesia (KADIN) Member 3,500,000
Asosiasi Emiten Indonesia (AEI) Member 3,000,000
Indonesia Corporate Secretary Association (ICSA) Member 5,000,000
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ORGANISATIONAL
STRUCTURE
The organizational structure of the Company as of December 31, 2023, based on Decision Letter ..., can be seen as follows.
Board of Commissioners
Soegiarto Adikoesoemo
Fauzi Ichsan
Sofyan Djalil
Audit Committee Nomination & Remuneration Committee
Fauzi Ichsan Soegiarto Adikoesoemo
Sahat Pardede Fauzi Ichsan
Djisman Simandjuntak Felix Abednego
Quality Assurance &
President Director
Risk Management
Haryanto Adikoesoemo
Antonius Setiawan
Director of
Director of External
Corporate
Relations, Industrial
Director of Regional Director of Finance & Secretary, Business
CEO Deputy CEO Estate & Port
Sales & Operation Accounting Development &
Facilities
Jimmy Tandyo Mery Sofi Joint Ventures
Nery Polim Ter Murti Tiban
Bambang Relationship
Soetiono S.
Suresh Vembu
Head of Human Head of Petroleum Head of WEST Head of Finance & Head of Network & Corporate Secretary
Resources Division Region Tax Operations Officer
Felix Abednego Johny W. Sutanto Nery Polim Melyati Yuwono Joseph Pangilinan Fiana M. Awalina
Head of Chemcal & Head/Deputy Head Head of Deputy Netwok & Head of Investor
Logistics Division of Branch: Procurement Operations I Relation
Head of Natural Gas
& Renewable Energy Ongkowijono • Jakarta Weldy Natalina Yuwono Ignatius T. Prayoga
• Medan Ongkowijoyo
Elijas Pudjianto • Palembang • Tank Terminal &
• Lampung Head of Business
Warehouse
• Bandung Process &
Head of Information • Safety, Health,
• Semarang Compliance Joint Ventures
Technology Environment
Head of Legal • Pontianak Handy Yustisio
Teddy Yusup PT Jakarta Tan
Harryati Utami Terminal (JTT)
Deputy Network &
Head of Treasury & Operations II PT Dirgantara
Head of Licence & Head of EAST Insurance Petroindo Raya
Erpiny
Permit Region Hengky • Distribution PT Aneka Petroindo
Antonius Reza Gunawan Kartawinata Planning Raya
Brahmanta • Land Transport
• Control Tower PT Anugerah
Head/Deputy Head Head of Receivable Lubrindo Raya
Head of Litigation of Branch: Management (Operational
Toni Butar Butar • Surabaya Improvement) PT Berkah Kawasan
Oey Imelda Widjaja Manyar Sejahtera
• Kalimantan
Timur PT Anugerah Kimia
• Kalimantan Indonesia
Selatan &
Tengah PT Berkah Buana
• Bali Energi
• Sulawesi
• Stagen
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BOARD OF COMMISSIONER
PROFILES
By the end of 2023, based on the Annual General Meeting Decision No. 47 dated April 28, 2023, one member of the Board
of Commissioners, namely Sofyan A. Djalil, had been appointed following acceptance of the resignation of I Nyoman
Mastra.
Soegiarto Adikoesoemo
President Commissioner
Nationality Place and Date of Birth Age Domicile
Indonesia Malang, 86 Surabaya
March 24, 1938 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders based on
Deed No. 37 dated April 30, 2020.
Educational History
• SMA Yong Ching Night School, Surabaya (1957).
• SMP Yong Ching Night School, Surabaya (1954);
• SD Chung Hua Sie Siau Lawang, Malang (1951);
Employment History
• Founder & Chairman of AKR (Guangxi) Coal Trading Co. Ltd, Guigang, China (2008-2019).
• Founder & Chairman of AKR (Guigang) Transshipment Port Co. Ltd, Guigang, China (2016-2017);
• Founder & Chairman of AKR Guangxi (Guigang) AKR Container Port Co. Ltd, Guigang, China (2006-2017);
• President Director of PT AKR (1982-1992);
• Founder of AKR Group (1960);
• Established own company named UD. Sinar Djaja (1960);
• Worked at Hua Soen (batik fabric wholesale), Surabaya (1953-1995);
Concurrent Positions
• President Commissioner of PT Arjuna Utama Kimia (2007-present).
• President Commissioner of PT Andahanesa Abadi (1992-present);
• President Commissioner of PT Arthakencana Rayatama (1992-present);
• President Commissioner of PT AKR Land Development (formerly PT Union Perkasa WIsesa), Jakarta (1998-present);
• Member of the Nomination and Remuneration Committee of PT AKR Corporindo Tbk;
Affiliation Relationships
Has a family relationship with the President Director and Controlling Shareholder.
Company Share Ownership
Owns 100,604,800 shares in the Company.
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I Nyoman Mastra*
Commissioner
Nationality Place and Date of Birth Age Domisili
Indonesia Singaraja, 80 Jakarta
March 9, 1944 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders based on
Deed No. 37 dated April 30, 2023.
Legal Basis for the Termination of Position
Decision of the Annual General Meeting of Shareholders based on Deed No. 47 dated April, 28 2023.
Educational History
• Graduate Staff and Command Force School (1985)
• Naval Technology High School (1979);
Employment History
• Head of Ship Management AKR Corporindo Tbk (2008-2009);
• Advisor PT Sorini Agro Asia Corporindo Tbk, Lampung (2007);
• Direktur Utama PT Pratama Dermaga Nusantara (2002-2007);
• Komisaris PT Sorini Jala Jaya Industri (1998-2001).
Concurrent Positions
He is one of the members of the Nomination and Remuneration Committee at PT AKR Corporindo Tbk and does not hold
any other concurrent positions outside the Company.
Affiliation Relationships
No affiliation with the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Does not own any shares in the Company.
*) No longer in office as of March 17, 2023.
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Sofyan A. Djalil*
Commissioner
Nationality Place and Date of Birth Age Domicile
Indonesia Aceh, 70 Jakarta
23 September 1953 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders based on
Deed No. 47 dated April 28, 2023.
Educational History
• Ph.D. in Law and Capital Market Policy, Fletcher School of Law and Diplomacy, Tufts University (1993)
• Master of Arts in Law and Diplomacy, Tufts University (1991)
• Master of Arts (MA) in Public Policy, Tufts University (1989)
• Bachelor of Law, Universitas Indonesia (1984)
Employment History
• Minister of Agrarian and Spatial Planning (2016 – June 2022)
• Minister of National Development Planning (2015-2016)
• Coordinating Minister for Economic Affairs (2014-2015)
• Head of the Strategic Study Team for Vice President Budiono (2010-2014)
• Minister of Communication and Information (2004-2007)
• Consultant for Community Relations at Chevron Indonesia (2000)
• Assistant to the State Minister for State-Owned Enterprises (1998-2000)
• Vice President of Research & Development at Bursa Efek Jakarta (1998)
Concurrent Positions
• CEO of Indonesia Business Council (IBC) (2023-present)
• PT Pembangunan Jaya Ancol Tbk (2023-present)
• Board of Directors of the Indonesian Palm Oil Strategic Studies (IPOSS) (2023-present)
• President Commissioner of PT. Indika Nature (2022-present)
Affiliation Relationships
No affiliation with the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Does not own any shares in the Company.
*) In office since April 28, 2023.
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Fauzi Ichsan
Independent Commissioner
Nationality Place and Date of Birth Age Domicile
Indonesia Jakarta, 54 Jakarta
January 27, 1970 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders based on
Deed No. 37 dated April 30, 2020.
Educational History
• Master of Science, Development Studies, Massachusetts Institute of Technology (MIT), Massachusetts, USA, (1995).
• Bachelor of Science, London School of Economics (LSE), University of London, UK (1991);
• Ordinary and Advanced Level Certificates of Education, Cambridge University Board, UK (1988);
Employment History
• Executive Committee Member of the International Association of Deposit Insurers, IADI, Basel, Switzerland (2017-
2020);
• Chief Executive Officer of the Deposit Insurance Corporation (Lembaga Penjamin Simpanan or LPS) (2015-2019);
• Member of the Board of Commissioners at LPS (2014-2015);
• Managing Director, Senior Economist, and Head of Government Relations at Standard Chartered Bank (SCB) Jakarta
(2001-2014);
• Senior Economic Adviser for the British Ambassador to Indonesia (1998-2000);
• Bond Trader at Citibank Singapore (1997-1998);
• Head of the Fixed Income Sales Desk at Citibank Jakarta (1995-1997);
• Research Analyst at the Harvard Institute for International Development, Advisory Team for the Minister of Finance,
Departemen Keuangan (1991-1993).
Concurrent Positions
• Independent Commissioner of Unilever Indonesia (2021-present).
• Independent Commissioner of Manulife Investment Management (2020-present);
• President Commissioner of Indonesia Financial Group (IFG) (2020-present);
• Chairman of the Nomination and Remuneration Committee of PT AKR Corporindo Tbk;
• Chairman of the Audit Committee of PT AKR Corporindo Tbk;
Affiliation Relationships
No affiliation with the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Does not own any shares in the Company.
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BOARD OF DIRECTORS
PROFILES
By the end of 2023, the Company’s Board of Directors composition did not change.
Haryanto Adikoesoemo
President Director
Nationality Place and Date of Birth Age Domicile
Indonesia Surabaya, 61 Jakarta
September 21, 1962 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
• Advanced Management Program Harvard Business School (2005)
• Bachelor of Science, University Bradford, United Kingdom tahun 1983.
• “A” Level Hall Green Technical College, United Kingdom tahun 1980;
• “O” Level St. Patrick’s School, Singapura tahun 1978;
Employment History
• Vice Chairman, Khalista (Liuzhou) Chemical Industries Ltd (2004-2018).
• President Commissioner of PT Bumi Karunia Pertiwi (2009 – 2018);
• Director of AKR (Guigang) Coal Trading Co. Ltd (2008 – 2017);
• Director of AKR (Guigang) Transshipment Port Co. Ltd (2006 – 2017);
• Director of AKR (Guigang) Port Co. Ltd (2006 – 2017);
• Director of Guangxi (Guigang) AKR Container Port Co. Ltd (2006 – 2017);
• President Commissioner of PT Jabal Nor (2011 – 2017);
• Executive Committee of Business Office Ministry (2003);
Concurrent Positions
• Director of Lubrindo Shipping Services Pte Ltd (2019-present);
• President Commissioner of PT Anugerah Lubrindo Batam (2019-present);
• President Commissioner of PT Anugerah Lubrindo Raya (2019-present);
• President Commissioner of PT Anugerah Krida Retailindo (2017 – present);
• President Commissioner of PT Energi Manyar Sejahtera (2015 – present);
• President Commissioner of PT AKR Transportasi Indonesia (2013 – present);
• President Commissioner of PT AKR Niaga Indonesia (2012 – present);
• President Commissioner of PT AKR Sea Transport (2011 – present);
• President Commissioner of PT Anugrah Karya Raya (2009 – present);
• Commissioner of PT Andahanesa Abadi (2008 – present);
• President Commissioner of PT Arjuna Utama Kimia (2007-present);
• Commissioner of PT Arjuna Utama Kimia (2007 – present);
• President Commissioner of PT Jakarta Tank Terminal (2005 – present);
• President Commissioner of PT Usaha Era Pratama Nusantara (2002 – present);
• President Director of PT Arthakencana Rayatama (1992 – present);
• President Director of PT AKR Land Development (formerly PT Union Perkasa Wisesa) (1985 – present);
Affiliation Relationships
Has a family relationship with the President Commissioner and Controlling Shareholder.
Company Share Ownership
Holds 203,604,800 shares in the company.
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Jimmy Tandyo
Director
Nationality Place and Date of Birth Age Domicile
Indonesia Surabaya, 72 Jakarta
August 22, 1951 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
• Advanced Management Program at Harvard Business School (2005).
• Graduate of the Foreign Language Institute (1970);
Employment History
• Director of AKR (Guangxi) Coal Trading Co Ltd. (2008-2019).
• Director of Khalista (Liuzhou) Chemical Industries Ltd, (2012-2018);
• Commissioner of PT Bumi Karunia Pertiwi (2009 – 2018);
• Commissioner of PT Jabal Nor (2011 – 2017);
• Director of AKR Guangxi (Guigang) AKR Container Port Co. Ltd. (2006 – 2017);
• Director of AKR (Guigang) Port Co. Ltd (2006 – 2017);
• Director of AKR (Guigang) Transshipment Port Co. Ltd (2006 – 2017);
• Director of PT Sorini Corporation Tbk (1985 - 2006);
• General Manager of PT Aneka Kimia Raya (1974 – 1985);
Concurrent Positions
• Commissioner of PT Berkah Renewable Energi Nusantara (2024-present).
• President Commissioner of PT Berkah Buana Energi (2021-present);
• Commissioner of PT Anugerah Krida Retailindo (2017 – present);
• Commissioner of PT Energi Manyar Sejahtera (2015 – present);
• President Commissioner of PT Terminal Nilam Utara (2015 – present);
• Commissioner of PT AKR Transportasi Indonesia (2013 - present);
• Commissioner of PT AKR Niaga Indonesia (2012 – present);
• President Commissioner of PT Berkah Kawasan Manyar Sejahtera (2012 – present);
• Commissioner of PT AKR Sea Transport (2011 – present);
• Commissioner of PT Anugrah Karya Raya (2009 – present);
• President Director of PT Andahanesa Abadi (2008 – present);
• Director of AKR (Guangxi) Coal Trading Co Ltd. (2008 – present);
• Commissioner of PT Jakarta Tank Terminal (2007 – present);
• Commissioner of PT Usaha Era Pratama Nusantara (2002 – present);
• Director of PT Arthakencana Rayatama (1992 – present);
• Commissioner of PT Arjuna Utama Kimia (1985 – present);
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 37,500,000 shares in the Company.
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Bambang Soetiono Soedijanto
Director
Nationality Place and Date of Birth Age Domicile
Indonesia Rembang, 62 Jakarta
February 8, 1962 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
Bachelor of Economics in Accounting, STIE Surabaya (1986).
Employment History
• Commissioner of PT Berlian Manyar Stevedore (2016-2019).
• Director of AKR (Guigang) Transshipment Port Co. Ltd (2006 – 2017);
• Head of the Surabaya Branch Office of PT AKR Corporindo Tbk (1992-1994);
• Head of the Finance and Accounting Division at PT AKR Corporindo Tbk Surabaya Branch (1989-1992);
Concurrent Positions
• Commissioner of PT Berkah Buana Energi (2021-present).
• Commissioner of PT Terminal Curah Semarang (2015 – 2022);
• President Director of PT Energi Manyar Sejahtera (2015 – present);
• President Director of PT Terminal Nilam Utara (2014 – present);
• President Director of PT AKR Transportasi Indonesia (2013 – present);
• President Director of PT Berkah Kawasan Manyar Sejahtera (2012- present);
• Commissioner of PT Berlian Manyar Sejahtera (2012 – present);
• President Director of PT AKR Niaga Indonesia (2012 – present);
• President Director of PT AKR Sea Transport (2011 – present);
• Director of PT Andahanesa Abadi (2008 – present);
• Director of PT Arjuna Utama Kimia (2007 – present);
• Director of PT Jakarta Tank Terminal (2005 – present);
• President Director of PT Usaha Era Pratama Nusantara (2002 – present);
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 3,780,000 shares in the Company.
www.akr.co.id
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Mery Sofi
Director
Nationality Place and Date of Birth Age Domicile
Indonesia Bagan Siapi-api, 56 Jakarta
April 25, 1967 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
Bachelor of Economics in Accounting, Universitas Krida Wacana, Jakarta (1990).
Employment History
• President Director of PT Bumi Karunia Pertiwi (2012 – 2018).
• Director of AKR (Guigang) Transshipment Port Co. Ltd. (2006 – 2017);
• Director of Guangxi (Guigang) AKR Container Port Co. Ltd (2006 – 2017);
• Financial Controller at PT AKR Corporindo Tbk (1997-2006);
• Finance and Accounting Manager in the Packaging Division of Indofood Group (1995-1997);
• Accounting Manager in the Packaging Division of Indofood Group (1992-1995);
Concurrent Positions
• Commissioner of PT Berkah Kawasan Manyar Sejahtera (2017 - present).
• President Commissioner of PT Dirgantara Petroindo Raya (2017 - present);
• Director of PT Anugerah Krida Retailindo (2017 – present);
• Director of PT Energi Manyar Sejahtera (2015 – present);
• Director of PT AKR Transportasi Indonesia (2013 – present);
• Director of PT AKR Niaga Indonesia (2012 – present);
• Director of PT AKR Sea Transport (2011 – present);
• Director of PT Andahanesa Abadi (2008 – present);
• Director of PT Arjuna Utama Kimia (2007 – present);
• Director of PT Usaha Era Pratama Nusantara (2004 – present);
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 603,000 shares in the Company.
Annual Report 2023
Page 77
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 77
Highlights and Analysis
Suresh Vembu
Director
Nationality Place and Date of Birth Age Domicile
India Nagapattinam, 59 Jakarta
June 23, 1964 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
• Chartered Accountancy from the Indian Institute of Chartered Accountants, New Delhi (1987);
• Bachelor of Commerce from Bangalore University, MES College (1984).
Employment History
• Corporate Secretary and Head of Investor Relations at PT AKR Corporindo Tbk and PT Sorini Agro Asia Corporindo Tbk
(2007-2009).
• Head of Corporate Finance & Investor Relations at PT AKR Corporindo Tbk. (2004-2007);
• General Manager Corporate Finance (Engineering) at Texmaco, Indonesia (2001-2004);
• Finance Manager at Texmaco Perkasa Engineering (1998-2001);
• Commercial Manager at PT Perkasa Heavyndo Engineering (1995-1998);
• Finance Manager at Birla 3M Limited, Bangalore (1991-1995);
• Assistant Finance Manager at TVs Electronics Limited, Bangalore (1984-1991);
Concurrent Positions
• Vice President Commissioner of PT Anugerah Kimia Indonesia (2020-present).
• Director of PT Anugerah Lubrindo Batam (2020-present);
• Director of PT Anugerah Lubrindo Raya (2020-present);
• Commissioner of PT Dirgantara Petroindo Raya (2018-present);
• President Commissioner of PT Aneka Petroindo Raya (2018-present);
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 3,627,500 shares in the Company.
www.akr.co.id
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Nery Polim
Director
Nationality Place and Date of Birth Age Domicile
Indonesia Medan, 59 Jakarta
December 17, 1964 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
Bachelor of Accounting from California State University of Bakersfield, USA (1988).
Employment History
• Director of AKR (Guigang) Transshipment Port Company (2014 – 2017).
• Head of People Development (1993 – 2012);
Concurrent Positions
• Commissioner of PT Energi Manyar Sejahtera (2016 – present).
• President Director of Anugerah Krida Retailindo (2017 - present);
• Director of PT AKR Niaga Indonesia (2015 – present);
• Commissioner of PT Anugrah Karya Raya (2011 – present);
• Commissioner of PT Usaha Era Pratama Nusantara (2006 – present);
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 450,000 shares in the Company.
Annual Report 2023
Page 79
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 79
Highlights and Analysis
Ter Murti Tiban
Director
Nationality Place and Date of Birth Age Domicile
Indonesia Medan, 53 Jakarta
July 19, 1970 years old
Legal Basis of Appointment
Decision of the Annual General Meeting of Shareholders No. 37
dated April 30, 2020.
Educational History
• Bachelor of Economics, Trisakti University (1993)
• Indonesia Certified Public Accountant (CPA -IAPI) and Chartered Accountant (CA - IAI)
Employment History
Public Accountant Office (KAP) Purwantono, Suherman & Surja (Member Firm of Ernst & Young) (1993 – 2014).
Concurrent Positions
• PT Berkah Renewable Energi Nusantara – Director since 2024
• PT Berkah Bunker Service – President Commissioner since 2023
• PT Anugerah Kreasi Pratama Indonesia – President Commissioner since 2023
• PT Berkah Buana Energi – Director since 2021
• PT AKR Transportasi Indonesia – Director since 2019, Commissioner since March 2024
• PT Anugerah Lubrindo Batam – Director since 2019
• PT Anugerah Lubrindo Raya – Director since 2019
• PT Berkah Kawasan Manyar Sejahtera – Commissioner since 2017
• PT Anugerah Krida Retailindo – Director since 2017
• PT Usaha Era Pratama Nusantara – Director since 2015
• PT AKR Sea Transport – Director since 2015
Affiliation Relationships
No affiliation with members of the Board of Commissioners, Directors, and Controlling Shareholders.
Company Share Ownership
Holds 50,000 shares in the company.
www.akr.co.id
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80
EXECUTIVE
OFFICIALS
Educational History
• Master of Business Administration from University of Technology Sydney
in 2003
• Bachelor of Economics from Universitas Kristen Satya Wacana, Salatiga
in 1988
Employment History
• Head of Petroleum Division, PT AKR Corporindo Tbk (2020 – present)
• Commercial Petroleum, PT AKR Corporindo Tbk (2016 – 2020)
• Business Development, PT AKR Corporindo Tbk (2006 – 2016)
• Supply Chain Manager, PT AKR Corporindo Tbk (2004 – 2006)
• Group Product Manager di PT Warner Lambert Indonesia / Pfizer
Indonesia (1992 – 2001)
Johny W Sutanto
Head of Petroleum Division
Age Joined AKR
58 years old March 1, 2004
Educational History
Bachelor of Agriculture from Universitas Kristen Satya Wacana in 1993
Employment History
• Head of Chemical & Logistics Division, PT AKR Corporindo Tbk (2020 –
present)
• Head of Branch Jakarta, PT AKR Corporindo Tbk (2008 – 2020)
• Head of Branch Surabaya, PT AKR Corporindo Tbk (2002 – 2008)
• Head of Branch, Preferred Banking and Commercial Lending Surabaya,
PT Bank Universal (2000 – 2002)
• Branch Manager Solo, PT Bank Bali (1998 – 2000)
• Head of Special Asset Management Branch Semarang, PT Bank Bali
(1995 – 1998)
Ongkowidjono
Head Of Chemical & Logistics Division
Age Joined AKR
54 years old November 1, 2022
Annual Report 2023
Page 81
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 81
Highlights and Analysis
Educational History
Bachelor of Industrial Engineering from Universitas Surabaya in 1996
Employment History
• Head of EAST Region, PT AKR Corporindo Tbk (2018 – present)
• Head of Branch Surabaya, PT AKR Corporindo Tbk (2013 – 2018)
• Deputy of Commercial Director, PT AKR Corporindo Tbk (2012 – 2013)
• Head of Branch Surabaya, PT AKR Corporindo Tbk (2008 – 2012)
• Head of Sales Chemicals, PT AKR Corporindo Tbk (2007 – 2008)
• Head of Branch Semarang, PT AKR Corporindo Tbk (2005 – 2007)
Reza Gunawan
Head of East Region
Age Joined AKR
51 years old September 16, 1996
Educational History
Bachelor of Civil Engineering from University of San Carlos, Filipina in 1988
Employment History
• Director – Head of Network & Operation Division, PT AKR Corporindo Tbk
(2018 – present)
• Regional Logistics & Technical Manager – Total Oil Asia – Pasific PTE LTD
(2013 – 2018)
Joseph Pangilinan
Head of Network & Operations Division
Age Joined AKR
56 years old August 1, 2018
Educational History
• Master of Business Administration dari Rotterdam School of
Management, Erasmus University, The Netherlands in 2000
• Bachelor of Biology, major in Environmental Microbiology, Universitas
Kristen Satya Wacana Salatiga in 1995
Employment History
• Director – Human Resources Division PT AKR Corporindo Tbk (2021 –
present)
• Human Resources Director, South East Asia Region, Mundipharma
(2020 – 2021)
• Human Resources Director, PT Mundipharma Healthcare Indonesia
(2017-2020)
Felix Abednego • Human Resources Development Center Head, Upstream Business, PT
Head of Human Resources Division SMART Tbk (2013-2016)
• Head of Human Resources and General Affairs, PT Nissan Motor
Indonesia (2011-2013)
Age Joined AKR
51 years old May 17, 2021
www.akr.co.id
Page 82
82
Educational History
Bachelor of Chemical Engineering from Institut Teknologi Sepuluh
November in 1990
Employment History
• Director – Head of Natural Gas & Renewable Energy, PT AKR Corporindo
Tbk (2022 – present)
• President Director of PT Jasatama Petroindo (a wholly owned subsidiary
of BP) /Head of BP Trading & Shipping - Indonesia di BP Trading &
Shipping, Jakarta (2014 – 2021)
• Business Development Director - Middle East di BP, Singapore (2012 –
2014)
• Vice President, Sales and Marketing di BP Indonesia – Tangguh LNG,
Elijas Pudjianto London (2010 – 2012)
Head of Natural Gas & Renewable • Marketing, Sales Operations and Shipping Manager di BP Indonesia –
Energy Tangguh LNG, Jakarta (2005 – 2009)
Usia Joined AKR
58 years old February 1, 2022
Educational History
Bachelor of Information Technology from Universitas Bina Nusantara in
1999
Employment History
• Head of Information Technology Division PT AKR Corporindo Tbk (2019
– present)
• IT Group Head, PT Bank MNC Internasional Tbk (2015 – 2019)
• IT Business Partner Head, SINARMAS (PT SMART TBK - Downstream)
(2011 – 2015)
• Delivery Channels Head, ANZ Bank (2004 – 2010)
• e-Banking Project & Development, Citibank, NA (2001 – 2004)
• System and Application Specialist, PT Bank Central Asia Tbk (1999 – 2001)
Teddy Yusuf
Head of Information Technology Division
Age Joined AKR
46 years old June 17, 2019
Educational History
Bachelor of Management from Universitas Kristen Satya Wacana in 1994
Employment History
• Deputy Tax & Accounting PT AKR Corporindo Tbk (2023 – present)
• Finance Controller PT AKR Corporindo Tbk (2012 – 2023)
• Head of Taxation PT AKR Corporindo Tbk (2010 – 2012)
• Finance Controller PT AKR Corporindo Tbk (2009 – 2010)
• Head of Accounting Jakarta Branch PT AKR Corporindo Tbk (2007 –
2009)
• Head of Finance Accounting - Corporate PT AKR Corporindo Tbk (2005
– 2007)
• Accounting Department PT AKR Corporindo Tbk (1995 – 2005)
Melyati Yuwono
Deputy Tax & Accounting
Age Joined AKR
52 years old August 1, 1995
Annual Report 2023
Page 83
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 83
Highlights and Analysis
Educational History
• Bachelor of Mechanical Engineering from University of Wollongong in
1998
• Master of Information & Technology System from University of New
South Wales in 2000
Employment History
• Deputy Network and Operation I, PT AKR Corporindo Tbk (2023 – present)
• Head Of Network & Distribution, PT AKR Corporindo Tbk (2018 – 2023)
• Head of Improvement, PT AKR Corporindo Tbk (2017 – 2018)
• Head of Operation WEST Region, PT AKR Corporindo Tbk (2016 – 2017)
• Head of SHE, PT AKR Corporindo Tbk (2011 – 2016)
• Head of Branch Kalimantan Selatan, PT AKR Corporindo Tbk (2009 – 2011)
• Head of Operation Jakarta Branch, PT AKR Corporindo Tbk (2006 – 2009)
Yuwono Ongkowijoyo • Head of Distribution Jakarta Branch, PT AKR Corporindo Tbk (2005 –
Deputy Network & Operations I 2006)
Usia Joined AKR
47 years old September 12, 2000
Educational History
Bachelor of Information Technology from Universitas Bina Nusantara in
2000
Employment History
• Deputy Network & Operations II, PT AKR Corporindo Tbk (2023 – present)
• Head of Operations Services & Improvement, PT AKR Corporindo Tbk
(2019 – 2023)
• Head of IT Business Partner, PT AKR Corporindo Tbk (2018 – 2019)
• Lead of Technology Enterprise Enablement Build, PT AKR Corporindo
Tbk (2011 – 2017)
• IT Business Analyst, PT AKR Corporindo Tbk (2006-2011)
Erpiny Tan
Deputy Network & Operations II
Age Joined AKR
45 years old April 1, 2003
www.akr.co.id
Page 84
84
SHAREHOLDER
COMPOSITION
Composition of Shareholders Based on Ownership 5% or
More and <5%
1 January 2023 31 December 2023
No. Shareholder Percentage Percentage
Number of Number of
of Share of Share
Shares Shares
Ownership (%) Ownership (%)
Ownership of Shares 5% or More
1. PT Arthakencana Rayatama 11,963,130,600 59.60% 12,077,492,600 60.17%
Ownership Less than 5%
Board of Commissioners &
2. 291,446,600 1.45% 350,219,900 1.74%
Board of Directors
3. Public 7,482,592,400 37.28% 7,309,457,100 36.41%
4. Treasury Stock 336,305,000 1.68% 336,305,000 1.68%
Jumlah 20,073,474,600 100.00% 20,073,474,600 100.00%
Treasury : 1.68%
6%
3 8.1 PT
): Ar
t
5% h
w
ak
lo
en
be
ca
p
na
hi
ers
Ra
wn
yat
ch o
am
a
Public (ea
: 60.17%v
Annual Report 2023
Page 85
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 85
Highlights and Analysis
Major Shareholders
31 December 2023
No. Major Shareholder Status Percentage of
Number of Shares Share Ownership
(%)
1. PT ARTHAKENCANA RAYATAMA PERUSAHAAN TERBATAS 12,077,492,600 60.17%
BNYM RE BNYMLB RE EMPLOYEES
2. MALAYSIA - TAX TREATY 417,700,000 2.08%
PROVIDENTFD BOARD - 2039927326
CITIBANK NEW YORK S/A
3. NORWAY - TAX TREATY 349,249,200 2.08%
GOVERNMENT OF NORWAY - 15
STATE STREET BANK-AMERICAN
UNITED STATES OF
4. FUNDS DEVELOPING WORLD 250,867,800 1.25%
AMERICA - TAX TREATY
GROWTH AND INCOME FUND
BP2S LONDON S/A ABERDEEN 245,444,400
5. INSTITUTION - FOREIGN 1.22%
STANDARD ASIA FOCUS PLC
6. HARYANTO ADIKOESOEMO INDIVIDUAL - DOMESTIC 203,604,600 1.01%
JPMSE AMS RE AIF CLT RE-
200,470,810
7. STICHTING DEPOSITARY APG INSTITUTION - FOREIGN 1.00%
EMERGING MARKETS EQUITY POOL
STATE STREET BANK-CITY OF NEW UNITED STATES OF 185,257,493
8. 0,92%
YORK GROUP TRUST AMERICA - TAX TREATY
PT. PRUDENTIAL LIFE ASSURANCE INSURANCE NPWP 151,719,600
9. 0.76%
- REF
MLI GEF ACCOUNT CLIENT INSTITUTION - FOREIGN
10. 117,286,800 0.58%
GENERAL
JPMCB NA RE - VANGUARD
UNITED STATES OF
11. EMERGING MARKETS STOCK INDEX 113,939,925 0.57%
AMERICA - TAX TREATY
FUND
STATE STREET BANK-ISHARES CORE UNITED STATES OF
12. 111,132,900 0.55%
MSCI EMERGING MARKETS ETF AMERICA - TAX TREATY
JPMCB NA RE-VANGUARD TOTAL
UNITED STATES OF
13. INTERNATIONAL STOCK INDEX 110,503,507 0.55%
AMERICA - TAX TREATY
FUND
CITIBANK EUROPE PLC LUX
14. BRANCH S/A ABRDN SICAV I - ASIAN INSTITUTION - FOREIGN 108,104,400 0.54%
SMALLER COMPANIES FUND
PT PRUDENTIAL LIFE ASSURANCE
15. INSURANCE NPWP 101,111,000 0.50%
- REF III
16. SOEGIARTO ADIKOESOEMO INDIVIDUAL - DOMESTIC 100,604,800 0.50%
REKSA DANA SYARIAH HPAM
17. MUTUAL FUND 93,835,435 0.47%
EKUITAS SYARIAH BERKAH
www.akr.co.id
Page 86
86
31 December 2023
No. Major Shareholder Status Percentage of
Number of Shares Share Ownership
(%)
CITIBANK LONDON S/A PACIFIC
18. INSTITUTION - FOREIGN 88,016,800 0.44%
CAPITAL UCITS FUNDS PLC
THE NT TST CO S/A BRITISH
19. COLUMBIA INVESTMENT CANADA - TAX TREATY 84,802,800 0.42%
MANAGEMENT CORPORATION
CITIBANK NEW YORK S/A
20. NORWAY - TAX TREATY 81,557,000 0.41%
GOVERNMENT OF NORWAY - 2
TOTAL 15,192,701,870 75.69%
Composition of Shareholders Based on Ownership Status
1 January 2023 31 December 2023
Percentage
Shareholder Percentage
Total Number of Total Number of of Share
of Share
Owned Shares Owned Shares Ownership
Ownership (%)
(%)
Domestic Investors
Individual 13,305 757,502,560 3.77% 13,427 846,634,183 4.22%
Domestic Institutions
Limited Liability
58 12,404,084,314 61.79% 53 12,487,201,590 62.21%
Company
Mutual Funds 127 736,135,944 3.67% 199 852,353,988 4.25%
Insurance 95 631,057,700 3.14% 153 861,048,400 4.29%
Foundation 36 77,993,400 0.39% 58 191,999,500 0.96%
Cooperatives &
3 1,520,000 0.01% 1 25,000 0.00%
Others
Sub-Total Domestic
319 13,850,701,358 69.00% 464 14,392,628,478 71.71%
Institutions
Total Domestic
13,624 14,608,293,918 72.77% 13,891 15,239,262,661 75.92%
Investors
Foreign Investors
Individual 51 30,594,200 0.15% 78 33,048,400 0.16%
Annual Report 2023
Page 87
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 87
Highlights and Analysis
1 January 2023 31 December 2023
Percentage
Shareholder Percentage
Total Number of Total Number of of Share
of Share
Owned Shares Owned Shares Ownership
Ownership (%)
(%)
Foreign Institutions
Business Entities 365 5,434,586482 27.07% 326 4,801,163,539 23.92%
Total Foreign
416 5,465,180,682 27.23% 404 4,834,211,939 24.08%
Investors
Total 14,040 20,073,474,600 100.00% 14,295 20,073,474,600 100.00%
Ownership Percentage of AKR Shares Based on Status
Over the Last 5 (five) Years
2019 2020 2021 2022 2023
Domestic Retail 3.71% 6.34% 4.45% 3.77% 4.22%
Domestic Institutions 69.54% 72.95% 68.57% 72.77% 75.92%
Foreign Retail 0.27% 0.26% 0.18% 0.18% 0.16%
Foreign Institutions 26.48% 20.45% 26.81% 27.23% 24.08%
Percentage of Domestic Shareholders
78% 16,000
76% 14,000
12,000
74%
10,000
72%
8,000
70% 75.92%
6,000
72.95% 72.77%
68%
4,000
69.54%
66% 68.57%
2,000
64% 0
2019 2020 2021 2022 2023
% jumlah saham investor lokal Jumlah investor lokal
Stock Split Information After obtaining shareholder approval through the EGM,
On November 11, 2021, AKR announced the convening of the Company submitted the stock listing application on
an Extraordinary General Meeting of Shareholders (EGM) December 24, 2021, becoming effective on January 12,
to seek approval for a stock split of AKRA at a ratio of 1:5. 2022. Folowing the stock split, the nominal value of AKRA
The stock split received unanimous approval during the stood at Rp20 per share, down from the previous Rp100
EGM held on December 20, 2021. The process followed per share, as the total number of AKRA shares increased to
applicable procedures and regulations. 20,073,474,600 from 4,014,694,920 shares.
www.akr.co.id
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Ownership of Shares by the Board of Commissioners and
Directors
1 January 2023 31 December 2023
No. Shareholders Position Percentage Percentage
Number of Number of
of Share of Share
Shares Shares
Ownership (%) Ownership (%)
Board of Commissioners
Soegiarto President
1. 70,781,800 0.35% 100,604,800 0.50%
Adikoesoemo Commissioner
2. Sofyan A. Djalil Commissioner Nil Nil Nil Nil
Independent
3. Fauzi Ichsan Nil Nil Nil Nil
Commissioner
Board of Directors
President
4. Haryanto Adikoesoemo 172,204,300 0.86% 203,604,600 1.01%
Director
5. Jimmy Tandyo Director 36,000,000 0.18% 37,500,000 0.19%
Bambang Soetiono
6. Director 3,780,000 0.02% 3,780,000 0.02%
Soedijanto
7. Mery Sofi Director 4,553,000 0.02% 603,000 0.003%
8. Suresh Vembu Director 3,627,500 0.02% 3,627,500 0.02%
9 Nery Polim Director 450,000 0.00% 450,000 0.002%
10. Ter Murti Tiban Director 50,000 0.00% 50,000 0.0002%
Total 291,446,600 1.45% 350,219,900 1.74%
Profile of Major/Controlling Shareholders
PT Arthakencana Rayatama (AKRT) is the parent entity of the Company, holding 60.17% of the Company's shares.
Company Name
PT Arthakencana Rayatama (AKRT)
Management
Dewan Komisaris Direksi
President Commissioner : Soegiarto Adikoesoemo President Director : Haryanto Adikoesoemo
Commissioner : Yuwono Ongkowijoyo Director : Jimmy Tandyo
Commissioner : Irawati Adikoesoemo Director : Cynthia Theresia Buniardi
Commissioner : Sintawati Ongkowijoyo
Brief History
AKRT was established based on the Deed of Limited Liability Company AKRT No. 297, dated November 23, 1992, drawn
up before Tegoeh Hartanto, S.H., a notary in Jakarta. The Company obtained approval from the Minister of Justice of the
Republic of Indonesia based on Decree No. C2-10481.HT.01.01, in 1992, dated December 26, 1992, announced in the State
Gazette No. 51 dated June 25, 1993, Additional State Gazette No. 2860/1993.
Annual Report 2023
Page 89
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 89
Highlights and Analysis
The company has undergone several amendments to its Articles of Association, with the latest changes stated in the
Deed of Decision Statement of the Shareholders of AKRT No. 23, dated April 12, 2023, made by Yulia S.H., a notary in South
Jakarta. The deed obtained approval from the Minister of Law and Human Rights based on Decree No. 0088097.AH.01.02,
2022, dated April 14, 2023.
Purpose, Objectives, and Business Activities
As stated in Article 3 of the Articles of Association of AKRT, as outlined in Deed No. 23, dated April 12, 2023, made by Yulia
S.H., a notary in South Jakarta, the Company engages in the fields of Holding Company Activities, Wholesale Trade Based
on Service Fees (Fee) or Contracts, Wholesale Trade of Solid Petroleums, Liquid, and Gas, and Related Products, Wholesale
Trade of Chemicals and Chemical Goods, Wholesale Trade of Air Transportation Equipment, Spare Parts, and Accessories,
Industry of Products from Oil Refinery, Transportation through Pipelines, Motorized Transportation for General Goods,
Motorized Transportation for Special Goods, Domestic Sea Transportation for Special Goods, Warehousing and Storage,
Bounded Warehousing Activities, Oil and Natural Gas Storage, Activities of Sea Port Services, Activities of River and Lake
Port Services, Leasing and Operational Leasing Without Purchase Options for Cars, Buses, Trucks, and Similar, Leasing
and Operational Leasing Without Purchase Options for Air Transportation Equipment, Other Management Consulting
Activities, Real Estate Owned or Leased.
Company Address
AKR Tower Lantai 26, Jl. Panjang No 5,
Kelurahan Kebon Jeruk, Kecamatan Kebon Jeruk,
Kota Administrasi Jakarta Barat 11530,
Telp: 021 5311110
Ownership Structure as of December 31, 2023
Soegiarto Adikoesoemo Haryanto Adikoesoemo
51% 49%
PT Arthakencana Rayatama Public*
60.17% 39.83% *include treaasury stocks
PT AKR Corporindo Tbk
www.akr.co.id
Page 90
90
CHRONOLOGY
OF STOCK LISTINGS
AKR listed its shares on the Indonesia Stock Exchange on October 3, 1994. The chronology of the stock listing until
December 31, 2023 is as follows.
Nominal/ Total
Additional
Date Corporate Action Share Outstanding Listing
Issued Shares
(IDR) Shares
Indonesia
Initial Public Offering of
3 October 1994 1,000 15,000,000 65,000,000 Stock
Shares @ Rp1,000
Exchange
Indonesia
27 February 1996 Bonus Shares 6 : 10 1,000 39,000,000 104,000,000 Stock
Exchange
Indonesia
25 September 1996 Stock Split 1 : 1 500 104,000,000 208,000,000 Stock
Exchange
Indonesia
Limited Public Offering 1 :
1 October 2004 500 416,000,000 624,000,000 Stock
2 @ Rp500
Exchange
Indonesia
27 July 2007 Stock Split 1 : 5 100 2,496,000,000 3,120,000,000 Stock
Exchange
Indonesia
Conversion of MSOP 2007
April & October 2008 100 5,400,000 3,125,400,000 Stock
Stage I
Exchange
Indonesia
Conversion of MSOP 2007
October 2009 100 12,892,500 3,138,292,500 Stock
Stages I and II
Exchange
Indonesia
Limited Public Offering II
29 January 2010 100 627,658,500 3,765,951,000 Stock
1 : 5 @ Rp860
Exchange
Indonesia
Conversion of MSOP 2007
April & October 2010 100 26,985,000 3,792,936,000 Stock
Stages I, II, and III
Exchange
Indonesia
Conversion of MSOP 2007
April & October 2011 100 29,050,000 3,821,986,000 Stock
Stages II, III, and IV
Exchange
Indonesia
Conversion of MSOP 2007
April 2012 100 29,457,500 3,851,443,500 Stock
Stages III, IV, and V
Exchange
Conversion of MSOP 2007
Indonesia
Stages IV and V; and
April 2013 100 29,284,000 3,880,727,500 Stock
Conversion of MSOP 2011
Exchange
Stage I
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 91
Highlights and Analysis
Nominal/ Total
Additional
Date Corporate Action Share Outstanding Listing
Issued Shares
(IDR) Shares
Conversion of MSOP 2007
Indonesia
Stage V; and Conversion
April & October 2014 100 32,910,174 3,913,637,674 Stock
of MSOP 2011 Stages I
Exchange
and II
Conversion of MSOP Indonesia
April & October 2015 2011 Stages I and II, and 100 35,392,561 3,949,030,235 Stock
Conversion of MSOP 2014 Exchange
Conversion of MSOP
Indonesia
2011 Stage II, Conversion
April & October 2016 100 42,750,935 3,991,781,170 Stock
of MSOP 2014, and
Exchange
Conversion of MSOP 2015
Conversion of MSOP
MSOP Plan I (2015) under
Indonesia
April and October the MSOP 2015 Program
100 14,548,250 4,006,329,420 Stock
2017 and Conversion of MSOP
Exchange
Plan II (2016) under the
MSOP 2015 Program
Conversion of MSOP
MSOP Plan I (2015) under
the MSOP 2015 Program,
Conversion of MSOP Indonesia
April 2018 Plan II (2016) under the 100 8,365,500 4,014,694,920 Stock
MSOP 2015 Program, and Exchange
Conversion of MSOP Plan
III (2017) under the MSOP
2015 Program
Indonesia
No corporate actions
2019 100 0 4,014,694,920 Stock
throughout the year 2019
Exchange
Indonesia
16 March 2020 - 12
Share Buyback (67,261,000) 4,014,694,920 Stock
June 2020
Exchange
Indonesia
12 January 2022 Stock Split 1 : 5 20 20,073.474,600 Stock
Exchange
Information on Sukuk and Convertible Bonds
As of December 31, 2023, the Company has not issued any sukuk or convertible bonds. Therefore, there is no information
regarding the outstanding amount of sukuk/convertible bonds.
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92
SUBSIDIARIES
AND ASSOCIATE ENTITIES
% AKR Operational Commenced Capital Total Assets
Subsidiary Business Sector Address
Ownership Status Business Injection 2023
Direct Ownership
Loading and
PT Usaha
Unloading
Era Pratama Surabaya,
Logistics 99.99 Operational 2000 2002/1999 10,343,681
Nusantara Jawa Timur
Services for
(UEPN)
Ships
PT
Jakarta
Andahanesa Logistics
Barat, DKI 99.99 Operational 1982 2007/1982 422,018
Abadi Services
Jakarta
(Andahanesa)
PT Arjuna Manufacturer
Surabaya,
Utama Kimia of Adhesive 99.96 Operational 1976 1996/1976 354,489
Jawa Timur
(Aruki) Materials
PT Anugrah Jakarta
Mining and
Karya Raya Barat, DKI 99.99 Operational 2011 2009 683
Coal Trading
(Anugrah) Jakarta
PT Jakarta Jakarta
Tank Storage
Tank Terminal Utara, DKI 51.00 Operational 2010 2005 1,244,753
Terminal
(JTT) Jakarta
Jakarta
PT AKR Sea Domestic
Barat, DKI 99.99 Operational 2013 2011 673,354
Transport (AST) Shipping
Jakarta
Basic Jakarta
PT AKR Niaga
Chemical Barat, DKI 99.90 Operational 2013 2012 73,475
Indonesia (ANI)
Trading Jakarta
PT AKR Jakarta
Logistics
Transportasi Barat, DKI 99.90 Operational 2013 2013 172,458
Services
Indonesia (ATI) Jakarta
PT Anugerah
Jakarta
Krida
General Trade Barat, DKI 99.99 Operational 2018 2016 1,720,212
Retailindo
Jakarta
(AKRIDA)
PT Berkah Gas Trade & Gresik, Not yet
65.00 2021 31,255
Buana Energi Distribution Jawa Timur operational
PT Berkah
Renewable Electric Power Gresik, Not yet
99.99 2024 -
Energi Distribution Jawa Timur operational
Nusantara
Indirect Ownership Through PT Usaha Era Pratama Nusantara (UEPN)
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 93
Highlights and Analysis
% AKR Operational Commenced Capital Total Assets
Subsidiary Business Sector Address
Ownership Status Business Injection 2023
PT Berkah
Kawasan
Gresik,
Manyar Industrial Area 60.00 Operational 2015 2012 9,420,604
Jawa Timur
Sejahtera
(BKMS)
PT Berlian
Gresik,
Manyar Port Area 40.00 Operational 2015 2002 -
Jawa Timur
Sejahtera
Indirect Ownership, Through PT Andahanesa Abadi
PT Terminal
Logistics Surabaya,
Nilam Utara 60.00 Operational 2018 2013 387,995
Services Jawa Timur
(TNU)
PT Anugerah
Warehousing Gresik, Not yet
Kreasi Pratama 99.99 2023 32,838
and Storage Jawa Timur operational
Indonesia
Indirect Ownership, Through PT Anugerah Krida Retailindo (AKRIDA)
PT Aneka Trade (Retail Jakarta
Petroindo Raya Petroleum Barat, DKI 50.10 Operational 2018 2017 1,572,104
(APR) Marketing) Jakarta
Trade
PT Dirgantara (Services Jakarta
Petroindo Raya related to Barat, DKI 50.10 Operational 2019 2017 71,406
(DPR) airports in Jakarta
Indonesia)
PT Anugerah Trade Jakarta
Lubrindo Raya (Lubricant Oil Barat, DKI 80.00 Operational 2019 2019 61,834
(ALR) Marketing) Jakarta
Jakarta
PT. Berkah Sea Port Not yet
Utara, DKI 99.99 - - 10,000
Bunker Service Services operational
Jakarta
Indirect Ownership, Through PT Anugerah Lubrindo Raya (ALR)
PT Anugerah Trade Jakarta
Lubrindo (marketing of Barat, DKI 99.90 Operational 2019 2019 2,746
Batam lubricating oil) Jakarta
Lubrindo
General Trade
Shipping
(marketing of Singapura 100.00 Operational 2019 2019 1,230
Services Pte.
lubricating oil)
Ltd (LSS)
Through PT AKR Niaga Indonesia
Wholesale
PT Anugerah Trade of Jakarta
Not yet
Kimia Goods Barat, DKI 51.00 2021 2020 72,361
operational
Indonesia (AKI) and Basic Jakarta
Chemicals
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94
CORPORATE GROUP
STRUCTURE
Integrated
Trading & Manufacturing &
Logistic Services Industrial & Port
Distribution Others
Estate
PT Berkah
PT AKR PT Anugerah PT Jakarta PT Usaha
PT Berkah Renewable PT Arjuna
Niaga Krida Tank Era Pratama
Buana Energi Energi Utama Kimia
Indonesia Retailindo Terminal Nusantara
65.00% Nusantara 99.96%
99.99% 99.99% 99.00% 51.00% 99.99%
PT Berkah
PT Anugerah PT Aneka PT Energi PT Berlian
PT AKR Sea Kawasan PT Anugrah
Kimia Petroindo Manyar Manyar
Transport Manyar Karya Raya
Indonesia Raya Sejahtera Sejahtera
99.99% Sejahtera 96.75%
51.00% 50.10% 45.00% 60.00% 40.00%
PT
PT AKR
Dirgantara
Transportasi
Petroindo
Indonesia
Raya
50.10% 99.99%
PT Anugerah PT Usaha
Lubrindo Era Pratama
Raya Nusantara
80.00% 99.99%
Anugerah PT
Lubrindo Andahanesa
Raya Abadi
80.00% 99.99%
Lubrindo
Shipping PT Terminal
Services Pte Nilam Utara
Ltd 60.00%
100.00%
PT Anugerah
PT Berkah
Kreasi
Bunker
Pratama
Service
Idonesia
99.99% 99.99%
Our Joint Venture
PT Berkah Kawasan PT Anugerah Kimia
PT Aneka Petro Indo Raya PT Jakarta Tank Terminal
Manyar Sejahtera Indonesia
PT Dirgantara Petroindo PT Berlian Manyar
Raya Sejahtera
Annual Report 2023
Page 95
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 95
Highlights and Analysis
PUBLIC ACCOUNTANT’S
OFFICE
The Company has appointed an external independent The appointed Public Accounting Firm is not allowed to
Public Accounting Firm (KAP) to provide opinions have a Conflict of Interest with the Company to ensure
regarding the compliance of the Financial Statements the independence and quality of the audit results. The
with the applicable Indonesian Financial Accounting Public Accounting Firm has the responsibility to provide
Standards (SAK). The appointment is in accordance with an opinion on the Company's Financial Statements'
OJK Regulation No. 13/OJK.03/2017 regarding the Use of compliance with the generally accepted Financial
Public Accountant Services and Public Accounting Firms Accounting Standards.
in Financial Services Activities.
Mechanism for Appointing Public Accountants
The mechanism implemented by the Company is as 3. The Board of Commissioners approves the appointment
follows: of the Public Accounting Firm to conduct the general
1. Evaluation of the Public Accounting Firm by the Audit audit of the Company's Consolidated Financial
Committee. Statements for the Fiscal Year 2023.
2. The Procurement of Public Accounting Firm Services for 4. The Board of Commissioners proposes to the Annual
the Fiscal Year 2023 is reported by the Audit Committee General Meeting of Shareholders for approval of the
to the Board of Commissioners. appointment of the Public Accounting Firm
Accounting Periods
The Public Accounting Firm that conducted the audit of an Independent Public Accounting Firm to audit the
the Company's Financial Statements for the Fiscal Year Company's books for the fiscal year ending on December
2023 is KAP Purwantono, Sungkoro & Surja, as appointed 31, 2023.
by the Annual General Meeting (RUPS) Decision No.
46 dated April 28, 2023, regarding the appointment of Information as to the Public Accountant and Public
Accounting Firm for the last 5 (five) years follows:
Fiscal Year Public Accounting Firm Accountant’s name Fee
2023 KAP Purwantono, Sungkoro & Surja Benyanto Suherman Rp1,575,000,000
2022 KAP Purwantono, Sungkoro & Surja Benyanto Suherman Rp1,460,000,000
2021 KAP Purwantono, Sungkoro & Surja Feniwati Chendana, CPA Rp1,390,000,000
2020 KAP Purwantono, Sungkoro & Surja Feniwati Chendana, CPA Rp1,390,000,000
2019 KAP Purwantono, Sungkoro & Surja Feniwati Chendana, CPA Rp1,390,000,000
Other Services Provided
In addition to conducting the Financial Statements audit, during the fiscal year 2023 period, EY also provided agreed-upon
services for the Report on the Implementation of the Prudential Principles in the Management of Non-Bank Corporate
Foreign Debt ("Laporan KPPK"). The cost incurred for these services amounted to Rp180,000,000.
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96
INSTITUTIONS AND PROFESSIONS
SUPPORTING THE CAPITAL MARKET
Institution/Profession Assignment
Address Services Provided
Name Period
Securities Administration Office
Gedung Plaza Sentral, Lt.2 Jl.
Jend. Sudirman Kav. 47-48
PT Raya Saham Registra Jakarta 12930 021-2525666 Stock Administration Services 2023
021-2525028 usi@registra.co.id
www.registra.co.id
Trustee
Bank Mega Lt. 16,
Jl. Kapten P. Tendean
No.12-14A Jakarta
PT Bank Mega Tbk Capital Sustainable Bond I AKR Corporindo
021-2525666, 021-79175000 2027-2024
Market Services (CAMS) Phase I Year 2017
021-7990720
waliamanat@bankmega.com
www.bankmega.com
Securities Rating
Panin Tower Senayan City, Lantai
17, Jl. Asia Afrika Lot.19, Gelora,
PT Pemeringkat Efek Sustainable Bond I AKR Corporindo
Jakarta Pusat 12220 021- 2023
Indonesia Phase I Year 2017
72782380 021-7278-2370
www.pefindo.com
Legal Consultant
Menara Batavia 7th Floor
Jl. K.H. Mas Mansyur Kav.126,
Jakarta 10220, Indonesia
Makes & Partners Law
021-574-7181 Legal Consultation Services 2023
Firm
021-574-7180
makes@makeslaw.com
www.makeslaw.com
Notary
Menara Sudirman Lantai 17-D,
Jl. Jend. Sudirman No.Kav 60, Minutes of the Annual and
Kantor Notaris Aulia
Jakarta Selatan, 12190 Extraordinary General Meeting of 2023
Taufani SH
021-52892366 Shareholders of AKR 2023"
021-5204780 ataufani@ataa.id
Stock and Securities Trading Information
Indonesia Stock Exchange
Building,
1st Tower, Jl. Jend. Sudirman Kav
PT Bursa Efek Indonesia Stock Listing 2023
52-53,
Jakarta Selatan 12190, Indonesia
0800-100-9000 (Free)
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 97
Highlights and Analysis
COMPANY
WEBSITE
AKR has a website that is accessible to all stakeholders at • Annual Reports
www.akr.co.id. The existence of this website is part of the • Sustainability Reports
commitment to transparency, and in accordance with • Quarterly Financial Reports
the Financial Services Authority (OJK) Regulation No. 8/ • Latest News about AKR
POJK.04/2015 regarding the Website of Issuers or Public • Analyst Recommendations
Companies. • Information on shareholders, AGMs, and
extraordinary shareholders meetings
The website is continually improved in terms of quality and 4. Good Corporate Governance (GCG)
usability, to facilitate information access. Regular updates • Corporate Governance Reports
to the website ensure that all stakeholders can obtain the • Board of Commissioners and Directors Guidelines
latest information about the Company and its products. • Company Policies
• Corporate Secretary
Information is presented in both Bahasa Indonesia and • Audit Committee
English, with a clear purpose that covers various aspects, • Internal Audit
including: • Articles of Association
• Audit Committee Charter
1. Company Information/Profile • Nomination and Remuneration Committee Charter
• Company History • Internal Audit Charter
• Profiles of the Board of Commissioners and Directors • Code of Ethics
• Company Values • Company Policies (Risk Management, Anti-
2. Business Information Corruption, Supplier Selection, and Creditor Rights)
• Trading and Distribution of Chemicals • ASEAN Corporate Governance Scorecard
• Trading and Distribution of Petroleum • Whistleblowing System
• Lubricants 5. Environmental, Social, and Governance (ESG)
• Logistics 6. Awards
• JIIPE (Java Integrated Industrial and Port Estate) 7. HR Department Microsite
3. Investor Relations 8. Retail Microsite, and various other information.
• Investor Contacts
• Stock Information
• Event Calendar
www.akr.co.id
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98
Availability on the
Description URL
AKR Website
Shareholder Information
up to Ultimate Individual Ready https://www.akr.co.id/shareholding-information
Owners
Company Group
Ready https://www.akr.co.id/business-structure
Structure
Code of Ethics Contents Ready https://www.akr.co.id/gcg/charter-policies/code-of-conduct-2
Annual General Meeting
Ready https://www.akr.co.id/shareholders-agm-eogm
of Shareholders (AGM)
Annual Financial Reports Ready https://www.akr.co.id/quarterly-financial-report
Profiles of the Board
of Commissioners and Ready https://www.akr.co.id/board-of-commissioners-directors
Directors
https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
Charters for the Board of
https://www.akr.co.id/gcg/charter-policies/audit-committee-
Commissioners, Directors,
Ready charter https://www.akr.co.id/gcg/charter-policies/nomination-
Committees, and Internal
remuneration-charter https://www.akr.co.id/gcg/charter-policies/
Audit Units
internal-audit-charter
https://www.akr.co.id/gcg/charter-policies/ whistleblowing-system-
Whistleblowing System Ready
anti-corruption-policy https://wbs.akr.co.id/
Annual Report 2023
Page 99
Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 99
Highlights and Analysis
www.akr.co.id
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100
OPERATIONAL REGIONS
AND LIST OF OFFICE ADDRESSES
Head Office
PT AKR Corporindo Tbk
AKR Tower Lt 26
Jl. Panjang No.5, Kebon Jeruk
Jakarta Barat 11530, Indonesia
Telp : +62 21 531 1110
Fax : +62 21 531 1388, 531 1185
Branch Office/Representation
West Region East Region
BANDUNG BALI
Kawasan Industri Cimareme V Jl. Ikan Tuna 1, Pelabuhan Benoa
No. 5 Ngamprah, Denpasar Selatan, Bali, Indonesia
Bandung Barat 40553, Indonesia Telp : +62 361 720743
Telp : +62 22 686 5000 Fax : +62 361 720563
Fax : +62 22 686 4649
BALIKPAPAN
CIWANDAN Gedung BRI Lt.5,
Jl. Pelindo II Ciwandan Jl. Jend. Sudirman No.37,
Cilegon Banten Balikpapan,Kalimantan Timur 76112, Indonesia
Telp : +62 254 602088/87/131 Telp : +62 542 736771
Fax : +62 251 602130, 602132
BANJARMASIN
LAMPUNG Pelabuhan Martapura Baru Trisakti,
Jl. Sumatera, Komplek Pelindo II Kawasan Pelindo Banjarmasin,
Panjang Bandar Lampung 35241, Indonesia Kalimantan Selatan 70119, Indonesia
Telp : +62 721 343100, 341650 Telp : +62 511 442 3279
Fax : +62 721 343333 Fax : +62 511 442 3289
MEDAN MANADO dan Sekitarnya
Jl. Road 3 Gabion (Samping Semen Padang) Grand Kawanua Novotel Manado
Medan Belawan, 20414 Lt III, Jl. AA Maramis - Kayuwatu /
Telp : 061-6945001 Kairagi II Manado 95254, Sulawesi Utara
Telp : +62 431 818 911-12
PALEMBANG
Jl. Belabak 36A/ 3 Ilir SURABAYA
Palembang 30116, Indonesia Jl. Sumatera No. 51-53
Telp : +62 711 717636, 717644, 717645 Surabaya 60281, Indonesia
Fax : +62 711 710072 Telp : +62 31 503 4871/72
Fax : +62 31 328 4726
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 101
Highlights and Analysis
Terminal/Transportation/Warehouse
TANJUNG PRIOK STAGEN
Jl. Aceh, Pelabuhan Tanjung Priok, JL Raya Stagen
Pos E Samping PT. Bimoli, Komplek PELINDO III - Stagen
Jakarta Utara, Indonesia Pulau Laut Utara - Kab. Kota Baru
Telp : +62 21 4372318 Kalimantan Selatan - 72151, Indonesia
Fax : +62 21 43930017 Telp : +62 518 607 2372
MARUNDA 1 SURABAYA
Jl. Ambon Blok A1 No. 5,6,7 Jl. Margomulyo 44
KBN Marunda Jakarta Utara, Indonesia Pergudangan Suri Mulia Kav. A6-8,
Telp : +62 21 440 6569, 440 6570 Surabaya, Indonesia
Fax : +62 21 440 6571 Telp : +62 31 749 1041
Fax : +62 31 749 1045, 748 2241
MARUNDA 2
Jl Semarang Blok A6 No. 2 BITUNG
KBN Marunda, Jakarta Utara, Indonesia Jl. Wolter Monginsidi KM 4
Telp : +62 21 441 5979, 441 5977 Kelurahan Paceda,
Kecamatan Bitung Tengah, Kota Bitung,
NILAM TIMUR Sulawesi Utara, Indonesia
Terminal AKR I Telp : +62 438 2230734, 2230733
Jl. Nilam Timur, No. 21,
Surabaya, Indonesia SEMARANG
Telp : +62 31 328 2965, 329 1979 Jl. Coaster No. 16 Pelabuhan, Tanjung Mas
Fax : +62 31 329 1977 Semarang 50174, Indonesia
Telp : +62 24 354 6066
NILAM UTARA Fax : +62 24 351 4010
Terminal AKR II
Jl. Nilam Utara, No.2, MEDAN
Surabaya, Indonesia Jl. Anggada 1, Pelabuhan Ujung
Telp : +62 31 329 5008, 3292 252 Baru Belawan, Medan 20411,
Fax : +62 31 329 2252 Indonesia
Telp : +62 61 694 4091
PALARAN Fax : +62 61 649 4268
JL Trikora RT 25, Jembatan Kuning,
Kelurahan Handil Bakti,
Palaran, Samarinda,
Kalimantan Timur, Indonesia
Telp : +62 541 6522 204, 6522 544
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04
Management
Discussion
and Analysis
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ECONOMIC AND
INDUSTRY OVERVIEW
Global and National Economic Analysis
The global economy has been gradually recovering over The rise in benchmark interest rates amid uncertainty has
the past three years from the crisis that impacted the world. led to uneven economic growth, with European countries,
As per the International Monetary Fund (IMF) in its January China, and low-income nations falling behind compared
2024 World Economic Outlook Update, global economic to North America and major Asian countries.
growth is estimated at 3.1% in 2023 and is anticipated to
remain the same in 2024, with growth of 3.2% expected Amidst the challenges posed by global economic
in 2025. conditions, Indonesia’s economy maintained its robust
growth. According to the Bank Indonesia Report for the
Forecasted global economic growth, however, remains fourth quarter of 2023, the domestic economy expanded
below the level achieved during the period of 2000-2019, by 0.3% from 5.2% in 2022 to 5.5% in 2023, driven by
which averaged 3.8%. Tensions arising from events such rising consumption, electoral activities, and increased
as the Russia-Ukraine war, the Palestinian-Israeli conflict, investment, particularly in infrastructure projects such
extreme weather conditions, and increased monetary as the Capital City of the Archipelago (IKN), part of the
policy tightening compared to previous times could National Strategy Projects (PSN).
potentially have adverse effects on supply chains and the
long-term economic outlook. As of December 31, 2023, domestic inflation was reported
to be well-managed, marking the lowest rate in the past
The impact of supply chain disruptions led to notable two decades. According to Indonesia’s Coordinating
levels of inflation in 2023, although it decreased against Ministry for Economic Affairs, inflation stood at 2.61% (year-
2022 from 8.7% to 6.9%. Consequently, the Federal Reserve on-year), showing a decrease compared to 2022’s rate
responded by increasing the benchmark interest rate to of 5.51% (year-on-year). The core component of inflation
5.25-5.50%, the highest rate seen in decades. registered at 1.80% (year-on-year), maintaining stability
albeit in a declining trend.
Industry Analysis and Company Position in the Industry
Deceleration in economic growth led to fluctuations in As a petroleum distribution company, AKR has effectively
global crude oil prices in 2023, where, by the end of the first maintained stable prices amid fluctuations, due to
quarter, Brent and West Texas Intermediate (WTI) oil prices a reliance on the Mean of Platts Singapore (MOPS)
had decreased by 7.92% and 7.33% respectively. benchmark rather than directly following global oil prices.
Consequently, the Company’s oil supply and prices are less
The imminent risk of recession has compelled crude affected by the fluctuations caused by the pandemic or
oil-producing nations, particularly members of the geopolitical tensions.
Organization of the Petroleum Exporting Countries and
their Allies (OPEC+), such as Saudi Arabia and Russia, to Fluctuations in petroleum prices, combined with the
curtail their production in a bid to stabilize the oil market. government’s initiative to promote clean energy adoption in
This decision led to a reduction in global oil inventories and industry and transportation, have motivated the Company
impacted the volatility of global oil prices throughout the to participate in biodiesel distribution nationwide. AKR is
entirety of 2023. involved in receiving biodiesel shipments as part of the
B35 program implemented in 2023.
Oil price fluctuations globally have a direct impact on
Indonesia, given its status as a net oil importer. The To support the adoption of clean energy nationwide,
Ministry of Energy and Mineral Resources (ESDM) reports the Company initiated efforts within the Java Integrated
that Indonesia continues to import approximately 35% of Industrial and Port Estate (JIIPE) industrial area through a
its daily petroleum oil requirement, which ranges from 1.3 Joint Venture (JV), focusing on supplying natural gas and
to 1.4 million barrels. Consequently, increases in global oil utilizing JIIPE gas to meet the increasing demand for clean
prices also influence domestic petroleum prices. energy.
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 105
Highlights and Analysis
OPERATIONAL
OVERVIEW
Business Segments Served by the Company
the Company and its subsidiaries were managing four 3. Manufacturing: The subsidiary Aruki is involved in the
operating segments at the end of 2023: production of adhesive materials.
1. Trade and Distribution: The distribution of petroleum 4. Industrial Estate: An indirectly owned subsidiary
products and various basic chemicals, such as caustic through UEPN, it encompasses the industrial estate
soda, sodium sulphate, PVC resin, and soda ash. part of the JIIPE project developed by AKR Corporindo
2. Services & Logistics: A range of logistics services, and Pelindo through their subsidiaries BKMS and BJTI.
including storage tank and warehouse rental, packing
services, loading and unloading, and transportation
services. These services mainly cater to liquid and solid
chemical products in Indonesia, as well as petroleum.
Total and Contribution of Operating Segments to Consolidated Sales and Revenue
in billions of Rupiah
2023 2022 Growth (Decrease)
Description Contribution Contribution Contribution
Total Total Total
(%) (%) (%)
Trade and distribution 38,213 90.8% 44,698 94% (6,485) -15%
Logistics services 994 2.4% 902 1.9% 91 10%
Manufacturer 558 1.3% 800 1.7% (242) -30%
Industrial estate 2,323 5.5% 1,149 2.4% 1,173 102%
Total consolidated
42,087 100.0% 47,540 100% (5,453) -11%
sales and revenue
As of December 31, 2023, the primary source of revenue In 2023, the logistics segment contributed 2.4%, growing
remained the trading and distribution segment, by 10% compared to 1.9% in 2022. This significant growth
accounting for 91% of the total, which is a drop of 15% from was due to the high utilization rate of the Company’s
its 94% share in 2022. This decrease can be attributed third-party logistics fleet, with high consumer demand.
mainly to lower oil and chemical prices compared to Meanwhile, the manufacturing segment experienced a
2022, although the Company’s business model effectively 30% decline in revenue from its 2022 contribution of 1.7%
transfers these lower prices to consumers. to 1.3% in 2023.
The industrial estate sector contributed 5.5%, marking
a substantial rise of 102% compared to the prior year’s
contribution of 2.4%. This was petroleumed by considerable
land sales in 2023, totaling 91 hectares.
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Performance of Each Business Segment
Trade & Distribution
In this segment, the Company emphasizes 2 (two) main products, namely Petroleum Oil (BBM) and basic chemicals.
Product Revenue of Trading & Distribution Segment
in Bilion Rupiah
36,327
31,869
18,953
Potrelum
Basic Chemical
6,344
4,751
3,351
2021 2022 2023
Petroleum Oil In addressing variations in petroleum prices and in
alignment with government directives mandating the use
The Company only carries out business activities in the of biodiesel across industrial and transportation sectors to
distribution sector. Therefore, there is no production data bolster trade balance and support the local Crude Palm
that can be reported. Oil (CPO) industry, AKR played a role in the achievement
of the B35 program, which involved blending diesel with
Petroleum distribution is generally divided into: alternative petroleums, contributing to its success.
1. Non-subsidized biodiesel and other petroleum products
for industrial customers; For 11 consecutive years, AKR has earned the government’s
2. Subsidized biodiesel for retail customers with quotas trust to distribute specific types of subsidized petroleum.
allocated by the Downstream Oil and Gas Regulatory Between 2018 and 2022, the Company was designated a
Agency (BPH Migas); P3JBT agent by BPH Migas. These outlets are equipped
3. nonsubsidized petroleum and non-petroleum services with a technology system capable of monitoring the
for retail customers; and products from the feeding tank or dispenser nozzle to the
4. Aviation petroleum. customer, a digital monitoring system utilized to oversee
the distribution of subsidized diesel, ensuring it reaches
In response to the requirements of petroleum distribution the intended consumers as per target requirements.
across the Indonesian archipelago, the Company has
established a robust business model with an efficient The Company partnered with bp Global to form a joint
mechanism to tackle economic and geopolitical venture (JV) aimed at building an nonsubsidized retail
challenges. This includes adapting to fluctuations in global petroleum network in Indonesia. At the end of 2023, the
oil prices and currency exchange rates, which are then JV had launched 10 new outlets, bringing the total to 46
adjusted and passed on to customers. Additionally, the gas stations situated in Jabodetabek, Surabaya, Gresik,
Company has implemented a risk management system Malang, and Toll Rest Areas. The majority of these outlets
based on prudent principles and maintains effectiveness are Company Owned and Company Operated (COCO),
in managing net open positions. with a substantial presence of Dealer Owned and Dealer
Operated (DODO) outlets as well.
The Company guarantees that essential petroleum
products are delivered promptly and efficiently to all The Indonesian government is steadfast in its commitment
industrial customers located throughout the Indonesian to phase out low-octane petroleum as part of its Net-
archipelago. A robust logistics network and an extensive Zero target. This is accompanied by a shift in consumer
supply chain, which includes ports, storage terminals, preferences towards higher-grade products. To meet
and transportation facilities equipped with IT monitoring market demands, AKR, through its joint venture (JV),
systems, play a vital role in facilitating the Company’s offers superior-quality petroleums, while the retail outlets
successful distribution efforts. provide an enhanced customer experience by offering
non-petroleum services such as beverages, mini markets,
vehicle light maintenance facilities, and ample parking
space.
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 107
Highlights and Analysis
Petroleum Oil Sales
in bilions of Rupiah
36,327
31,869
18,953
2021 2022 2023
In 2023, the Company’s petroleum sales amounted to Rp31,869 billion, or a decrease of 12% from Rp36,327 billion in 2022.
The decrease was mainly due to lower oil prices.
Basic Chemical
The Company’s involvement in the basic chemical segment is primarily focused on distribution. As a result, there is
no available data concerning the production of basic chemicals. The Company does play a crucial role in distributing
basic chemicals from international producers within Indonesia, serving as essential materials across multiple industrial
sectors, such as nickel, textiles, chemicals, pulp and paper, consumer goods, fertilizers, processed wood products, food,
pharmaceuticals, alumina, and other industries.
Basic Chemical Sales
in bilions of Rupiah
8,371
6,344
4,759
2021 2022 2023
In 2023, sales of basic chemicals reached Rp6.344 billion, a drop from the previous year of Rp8,371 billion due to a decrease
in the price of basic chemicals.
Manufacturing Aruki maintains a steadfast commitment to conducting
business operations with a strong focus on environmental
The Company has 1 (one) subsidiary engaged in the sustainability. This commitment is demonstrated through
manufacturing segment, namely PT Arjuna Utama Kimia the adoption and implementation of the ISO9001-2015
(Aruki), a wood adhesive manufacturer in Surabaya. Aruki Quality Management System and the ISO 14001-2004
produces high quality adhesives for the wood and paper Environment Management System.
industry with a total production capacity of 100,000 MT.
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Manufacturing Segment Revenue
in billions of Rupiah
800
684
558
2021 2022 2023
In 2023, total revenue from the manufacturing segment The Company offers a range of services including
amounted to Rp558 billion, a decrease of Rp242 billion port handling, customs clearance, cargo loading and
(or 30%) from the previous year’s Rp800 billion. This was unloading using a Harbor Mobile Crane, storage solutions
mainly due to … (warehousing), truck transportation, and bagging services
at the ports located in Medan, Surabaya, Semarang, and
Logistic Services Jakarta (Ciwadan and Priok).
The logistics services sector offers various services to PT Jakarta Tank Terminal (JTT), a subsidiary of AKR, offers
external clients at significant ports across Indonesia, rental services for petroleum storage tank terminals
encompassing activities such as port operations, with a total capacity of 350,000 cubic meters in Tanjung
transportation services, rental of storage tanks and Priok, Jakarta. JTT is one of Indonesia’s largest private
warehouses, and other related services. tank terminals, complete with a jetty and subsea pipeline
infrastructure.
The Company’s Logistics Services include the leasing of
tanks for handling liquid bulk commodities such as Crude Logistics Infrastructure Capacity
Palm Oil (CPO) and liquid chemicals, as well as warehouse
rentals for storing dry bulk goods like chemicals, sugar, The capacity of logistics infrastructure in Indonesia is
fertilizers, and animal feed. These rental services are outlined in the Logistics Infrastructure Network section
conducted under long-term contracts with customers. within the Introduction of this Annual Report.
Logistics Services Segment Revenue
in billions of Rupiah
75
58
30 280
261
230
639 Others
575
Storafe Services
513
Port Operations and Transportations
4,751
3,351
2021 2022 2023
During 2023, the Company generated Rp994 billion in KEK JIIPE Industrial Estate
revenue from the logistics segment, marking a Rp91 billion
or 10% increase compared to the Rp902 billion recorded in Currently, AKR is making investments in the East Java’s
2022, and attributed to a rise in asset utilization rates. Integrated Industrial and Port Estate (JIIPE), to cater
to the logistics requirements and energy solutions of
The performance of each logistics segment is as follows: industrial clients. JIIPE features a deep harbor integrated
Rp639 billion for port operations and transportation, with a sizable industrial estate and benefits from excellent
Rp280 billion for storage services, and Rp75 billion for other connectivity within a rapidly developing province.
segments. Overall, each segment saw a decline compared
to the previous year.
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Highlights and Analysis
Industrial Estate Revenue (KEK JIIPE Gresik)
in billions of Rupiah
2,323
1,149
539
2021 2022 2023
By the end of 2023, the JIIPE industrial estate achieved logistics centers, and related facilities. This zone is
revenue of Rp2,323 billion, marking a substantial increase linked to a versatile port facilitating both inter-island
compared to Rp1,149 billion in 2022. This revenue was and international trade. Supported by commercial and
distributed as follows: residential zones, it aims to be a key strategic industrial
• Rp2,069 billion from industrial land sales hub in Indonesia and the Asia-Pacific region.
• Rp80 billion from industrial land rental income
• Rp174 billion from utility services (recurring income) Located approximately 24 km from Surabaya, JIIPE holds
significant geo-economic importance due to its potential
From this segment, the Company reported a gross profit to serve as a hub for industrial activities, including export-
of Rp981 billion. import operations and other highly competitive economic
endeavors. JIIPE boasts international standard facilities
JIIPE is an integrated industrial zone located in Gresik, and infrastructure, resulting in more cost-efficient logistics
East Java, covering an area of 3,000 hectares. It includes and enhanced connectivity between domestic and
industrial estates, deep-sea ports, residential zones, international markets.
Easy Access Creates Low
Logistic Costs
JIIPE enjoys strategic location at
the mouth of the Madura Strait, the
channel that connects Surabaya to
Java sea. BMS port will be the deepest
port in East Java with depth of -16 LWS,
provides 4 piers with total berthing area
of 6,200 m, JIIPE port is able to cater
large bulk carriers up to 100,000 DWT.
By having the multimode connectivity,
JIIPE ensures the best supply chain
flow at the most competitive costs.
Through Government Regulation (PP) Number 71 of 2021 Following the inauguration of the operational certificate,
dated June 28, 2021, signed by the President of the Republic JIIPE gained access to the KEK administrative office, which
of Indonesia, JIIPE was designated as a Technology & provides various incentives and benefits including one-
Manufacturing Special Economic Zone and officially stop permit services and fiscal incentives such as reduced
named KEK Gresik JIIPE. Subsequently, on November 20, income tax and customs duties. Additionally, non-fiscal
2022, KEK JIIPE received an operational certificate based incentives such as streamlined goods transportation and
on the Decree of the Chairman of the National Council flexible employment policies are also part of the benefits
for Special Economic Zones (KEK) Number 1 of 2022. This package.
decree was approved by the coordinating minister for
economy Airlangga Hartarto, who serves as the chairman
of the National Council.
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The designation of JIIPE as a KEK elevates its status as a competitive industrial zone capable of meeting industrial
demands and supporting government targets to reduce logistics and operational costs, thereby enhancing Indonesia’s
attractiveness as an investment destination. As part of the National Strategic Project (PSN), JIIPE is poised to contribute
significantly to the national economy, meeting all requirements related to activity location, land availability, infrastructure,
and more, thus fulfilling its role as a catalyst for economic growth as a KEK.
Tenants who have joined JIIPE Industrial Estate
Freeport Cooper Smelter Hailiang Copper Foil &
Xinyi Glass Factory AKR Corp-Tank Storage
& PMR Tube Manufacturer
Nippon Sari Roti Bread Clariant Specialty
Unichem Salt Factory Fertilizer Inti Tech Fertilizer
Factory Chemical
Cahaya Maju Lestari Bank Indonesia Cash
Adhimix Precast Waskita Beton-Precast
Castor Oil Depot & Data Centre
Other tenant:
Sumberbaja Sejati Light
Pangansari Utama-Food Tirtamas-Warehouse BJTI-Port Services
Steel Manufacturer
Referring to PP No. 7/2021 regarding the designation Due to its connectivity and numerous advantages, JIIPE
as a Special Economic Zone, JIIPE implements clusters has effectively attracted a significant number of investors,
based on tenant operational activities. As of December both domestic and international. In 2023 alone, 91 hectares
31, 2023, a total of 24 projects have been undertaken. One of land were sold, bringing the total accumulated land sold
notable ongoing project is the natural gas project aimed at and leased to 403 hectares.
supplying to tenants. The potential surplus capacity from
this project can be leveraged to support the gas pipeline Utilities
network in East Java. This initiative is a collaboration There are independent utility facilities in place to support
between the Company and BP GAS & Power Investments the operations of JIIPE tenant companies. These facilities
Limited, with active operation expected to commence in include power generation, clean water supply, waste
2027 to coincide with the launch of numerous projects management systems, gas pipeline connections, and
requiring substantial gas consumption in JIIPE. telecommunication infrastructure equipped with fiber
optic networks.
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Highlights and Analysis
1. Power Generation: 3. Wastewater Management:
JIIPE holds a license to generate and distribute 515 MW In 2023, wastewater in the JIIPE area was managed
of electricity directly to its tenants. As of 2023, JIIPE through a treatment plant with an average capacity
operates a 23 MW gas-fired power plant, supported by of 2,500 cubic meters per day. The facility utilizes Bio
a gas pipeline network from Perusahaan Gas Negara as Reactor Membrane technology, ensuring that liquid
the gas supplier for delivering natural gas to the area. waste meets safety and quality standards in accordance
with government regulations while minimizing land
JIIPE also signed an agreement with PLN, where PLN use.
will supply high voltage electricity up to 170 Mega Volt
Amperes. Subsequently, the treated effluent undergoes
reprocessing in Ultra Filtration and Reverse Osmosis
Additionally, JIIPE has implemented Rooftop Solar units. This process aims to produce clean water for
Photovoltaic Systems (PLTS). This enables a saving of tenants within the area while minimizing the reliance
483,917 kWh of energy annually and reduction of CO2 on natural resources for water extraction.
emissions by 451,978 kg per year, equivalent to planting
5,671 trees over 10 years and saving 126,236 liters of 4. Internet & Communication:
gasoline. Through collaborations with telecommunications
service providers in Indonesia, the Company offers
2. Water Management: fibre optic-based telecommunication networks
JIIPE employs a water management system that utilizes and broadband internet services for the JIIPE area.
Sea Water Reverse Osmosis (SWRO) desalination Additionally, to prioritize safety, JIIPE maintains a
technology with a capacity of 2,400 cubic meters per dedicated firefighting team that operates 24 hours a
day, designed to meet the industrial water supply day, 365 days a year.
requirements within the JIIPE area.
Gas Powered Power Plant with Water Treatment & Waste Water Water Treatment & Waste Water
Rooftop Solar Panel Treatment Plant Treatment Plant
JIIPE’s Unique Connectivity Mode general cargo handling, container yard operations,
JIIPE’s connectivity model is designed to accommodate multipurpose services, support for the fishing industry,
Indonesia’s archipelagic nature, seamlessly connected to liquid and bulk cargo handling, a bonded logistics center,
sea, land, and air transportation routes. The port operations and offshore maintenance facilities.
are managed by PT Berlian Manyar Sejahtera (BMS), which
holds a concession from the Ministry of Transportation As of 2023, the national road network to JIIPE is in its final
to provide port services at the Manyar Terminal in Gresik stages of preparation and connectivity construction. The
Port, East Java until 2094. The services offered by BMS railroad is currently undergoing further studies before it
include a wide range of port and logistics services such as can be implemented.
freight handling, container services, vehicle transportation,
Profitability of Each Business Pillar
Trading and Distribution Segment
in billions of Rupiah
Growth Percentage
Description 2023 2022
(Decrease) (%)
Sales and revenue 38,213 44,698 (6,485) -15%
Cost of sales and revenue 34,935 41,254 (6,319) -15%
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Growth Percentage
Description 2023 2022
(Decrease) (%)
Gross profit 3,278 3,444 (166) -4.8%
Gross profit 8.6% 7.7% 0.9% 11.4%
From trading and distribution, in 2023, AKR recorded a In 2023, the Company focused on enhancing operational
gross profit of Rp3.278 billion, a decrease of Rp166 billion efficiency, effectiveness, and risk management to boost
or 4.8% compared to 2022, which amounted to Rp3.444 profits and competitiveness.
billion. Despite the decrease in gross profit, this segment
experienced an increase in gross profit margin, reaching
8.6% compared to 7.7% in 2022.
Manufacturing Segment
in Bilion Rupiah
Growth Percentage
Description 2023 2022
(Decrease) (%)
Sales and revenue 558 800 (242) -30.3%
Cost of sales and revenue 323 532 (208) 39.2%
Gross Profit 234 268 (34) -12.6 %
Gross profit margin 42,0% 33.5% 8.5% 25.3%
In 2023, the Company reported a gross profit of Rp234 billion, a decrease of Rp34 billion or 12.6% compared to the previous
year’s Rp268 billion. However, the manufacturing segment saw an improvement in gross profit margin, reaching 42% in
2023 compared to 33% in 2022.
Logistics Segment
in billions of Rupiah
Growth Percentage
Description 2023 2022
(Decrease) (%)
Sales and revenue 994 902 91 10.1%
Cost of sales and revenue (without
798 679 120 17.6%
depreciation)
Gross profit (without depreciation) 195 224 (28) -12.6%
Gross profit margin (without
19.7% 24.8% -5.1% -20,7%
depreciation)
Gross profit in logistics in 2023, excluding depreciation, was reported at Rp195 billion, a decrease of Rp28 billion or 12.6%
compared to Rp224 billion in 2022, attributed mainly to an increase in the cost of sales and revenue, excluding depreciation,
which rose by Rp120 billion or 17.6%.
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Highlights and Analysis
Industrial Estate Segment
in billions of Rupiah
Growth Percentage
Description 2023 2022
(Decrease) (%)
Sales and revenue 2,323 1,149 1,173 102.1%
Cost of sales and revenue 1,341 606 735 121.2%
Gross profit 981 543 439 80.8%
Gross profit margin 42.3% 47.2% -5.0% -10.6%
In the industrial estate segment, AKR achieved a gross profit of Rp981 billion in 2023, marking an impressive increase of
Rp439 billion or 80% compared to Rp543 billion in 2022, primarily petroleumed by the successful sale of 91 hectares of
industrial estate land.
FINANCIAL
OVERVIEW
The financial performance discussed in this Management The Audited Financial Statements have been completed
Discussion and Analysis is based on data from the Audited by Public Accounting Firm Purwantono, Sungkoro & Surja
Financial Statements of PT AKR Corporindo Tbk for the (a member firm of Ernst & Young Global Limited) and
fiscal years ended December 31, 2022, and 2023. have been presented fairly, in all material respects. The
Company’s financial statements have been prepared in
accordance with the Statement of Financial Accounting
Standards (PSAK).
Consolidated Statement of Financial Position
Across 2023, the Company’s financial position exhibited Assets
significant improvement, with net profit growing by 16%
year-on-year to reach Rp2.780 billion, and a Compound In 2023, the Company’s total assets amounted to Rp30.255
Annual Growth Rate (CAGR) of 31% over the past 5 years. billion, an increase of Rp3.067 billion or 11% compared to
Rp27.188 billion in 2022, primarily driven by an increase in
cash and cash equivalents of Rp2.198 billion, attributed
to disciplined and efficient working capital management
practices.
Total Assets
in billions of Rupiah
12,134
11,346
11,486
18,121
15,841
Current Assets
12,023
Non-Current Assets
3,351
2021 2022 2023
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Current Assets
in billions of Rupiah
2023 2022
Growth Percentage
Current Assets Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Cash and cash
6,536 36% 4,338 27% 2,198 51%
equivalents
Accounts receivable 6,403 35% 5,971 38% 432 7%
Other receivables 56 0.5% 49 0.3% 8 17%
Supplies 3,134 17% 3,051 19% 82 3%
Industrial estate
land inventory under 1,621 9% 2,169 14% (548) -25%
development
Prepaid tax 197 1% 108 1% 89 82%
Prepaid expenses 74 1% 72 0% 2 2%
Down payment 85 0% 65 0% 21 32%
Other current assets 15 0% 18 0% (2) -14%
Total current assets 18,121 100% 15,841 100% 2,280 14%
Total current assets in 2023 amounted to Rp18.121 billion, an increase of Rp2.280 billion or 14% compared to the previous
year’s Rp15.841 billion, and attributed to several factors, including growth in cash, trade receivables, and inventories,
reflecting the Company’s improved performance, particularly in the industrial estate segment. The Company maintains
discipline in utilizing working capital to achieve a favorable net open position and efficient cash conversion.
Cash and Cash Equivalent
in Bilion Rupiah
2023 2022
Cash and Cash Growth Percentage
Equivalents Contribution Contribution (Decrease) (%)
Nominal Nominal
(%) (%)
Cash 27 0% 11 0% 16 144%
Bank - Third party
Rupiah 3,274 50% 992 23% 2,281 230%
US Dollar 2,972 45% 3,176 73% (205) -6%
Other currencies 1 0% 2 0% (0) -7%
Total cash at bank 6,247 96% 4,170 96% 2,077 50%
Time deposits - Third party
Rupiah 262 4% 157 4% 105 67%
US Dollar 0% 0% 0 0% 0 0
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Highlights and Analysis
2023 2022
Cash and Cash Growth Percentage
Equivalents Contribution Contribution (Decrease) (%)
Nominal Nominal
(%) (%)
Total time deposits 262 4% 157 4% 51 24%
Total cash and cash
6,536 100% 4,338 100% 2,198 51%
equivalents
As of December 31, 2023, the Company’s cash and cash equivalents stood at Rp6.536 billion, marking a 51% increase from
Rp4.338 billion in the previous year. This amount comprised Rp6.247 billion in bank deposits and Rp262 billion in time
deposits.
Accounts Recivable
in Bilion Rupiah
2023 2022
Growth Percentage
Accounts Receivable Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Not yet due 6,202 90% 5,700 95% 502 9%
Maturity:
1 - 30 days 147 2% 214 3% (67) -31%
31 - 60 days 63 1% 22 0% 41 183%
> 60 days 501 7% 654 10% (153) -23%
Sub total 6,913 102% 6,590 102% 325 5%
WAPU PPN 63 1% 45 1% 18 41%
Deducted:
Allowance for
(94) -1% (90) -1% (4) 5%
expected
Penyesuaian nilai
(90) -1% (79) -1% (12) 15%
wajar
Piutang usaha neto 6,791 100% 6,466 100% 325 5%
Receivables Period
(days)
73
59
50
2021 2022 2023
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In 2023, the average collection period for trade receivables The increase in trade receivables from Rp6.466 billion in
extended to 59 days, compared to 50 days in 2022. 2022 to Rp6.971 billion in 2023 can be attributed mainly
Approximately 90% of the total net trade receivables, to the decrease in global oil prices and basic chemicals.
amounting to Rp6.202 billion, are not yet due, while about The Company remains committed to reducing accounts
10% or Rp711 billion has matured. Management adopts a receivable through various effective measures, such as
cautious approach towards receivables, evidenced by the tightening credit facilities, implementing cash payments
Company accumulating Rp94 billion as allowance for before delivery, conducting direct customer visits, and
impairment losses and recording a fair value adjustment maintaining continuous monitoring and review of
of trade receivables worth Rp90 billion. customer business activities.
Inventory Period
(days)
37
30
26
2021 2022 2023
In 2023, the inventory turnover period extended to 30 days, compared to 26 days in 2022. The Company consistently aligns
its purchases with the anticipated demand for the next three months. Utilizing the passthrough method, the Company
aims to facilitate product turnover swiftly. Additionally, by implementing an independent IT system, the Company can
continuously monitor the movement, inventory levels, and condition of products throughout the supply chain, from
upstream to downstream.
Non-current Assets
in Bilion Rupiah
2023 2022
Growth Percentage
Non-current Assets Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Long-term trade
receivables from third 387 2% 495 4% (107) -22%
parties-neto
Investment in
446 4% 417 4% 29 7%
associates
Deferred tax assets 201 2% 205 2% (4) -2%
Investment property 1,817 16% 1,817 16% 0 0%
Fixed assets 5,466 44% 4,997 44% 470 9%
Right of Use Assets -
618 5% 586 5% 32 5%
Net
Estimated income tax
16 0% 44 0% (27) -63%
bill
Industrial estate
land inventory under 3,026 25% 2,587 23% 439 17%
development
Down payment 43 0% 43 0% 0 0%
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Highlights and Analysis
2023 2022
Growth Percentage
Non-current Assets Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Other non- current
67 1% 132 1% (66) -50%
financial assets
Other non-current
46 0% 23 0% 23 97%
assets
Total Non-Current
12,134 100% 11,346 100% 788 7%
Assets
In 2023, non-current assets amounted to Rp12.134 billion, increasing by Rp788 billion or 7% compared to the previous year’s
Rp11.346 billion. This increase can be attributed to the growth in the inventory of industrial estate land under development,
as well as an increase in fixed assets.
Fixed Assets
in Bilion Rupiah
2023 2022
Growth Percentage
Fixed Assets Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Land Rights 689 7% 643 14% 46 7%
Buildings, docks,
warehouses and 4,849 50% 4,733 53% 123 3%
storage tanks
Machinery and
1,016 11% 736 8% 281 38%
equipment
Warehouse equipment
and unloading 599 6% 726 8% (134) -18%
equipment at the port
Vehicle 423 4% 380 4% 42 11%
Leased building
96 1% 94 1% 2 2%
development
Building renovation 585 6% 574 6% 11 2%
Office equipment 168 2% 162 2% 6 4%
Ship 775 8% 627 7% 148 24%
Construction in
432 4% 299 3% 134 45%
progress
Accumulated
(4,166) -43% (3,976) -80% (190) 5%
depreciation
Total Fixed Assets 5,466 100% 4,997 100% 470 9%
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In 2023, total fixed assets amounted to Rp5.466 billion, an accounts for the acquisition cost of land and related
increase of Rp470 billion or 9% compared to Rp4.997 billion development expenses, both direct and indirect, including
in 2022. This growth primarily stemmed from increases in capitalized borrowing costs amounting to Rp276 billion
buildings, docks, warehouses, and storage tanks, as well for the year ended December 31, 2023, with an interest
as machinery and equipment. As of the reporting date, capitalization rate of 9.14%.
Management holds the belief that the carrying amount of
property, plant, and equipment (excluding land rights) is Liabilities
adequately covered by insurance against risks such as fire,
theft, and others. The Company’s total liabilities in 2023 amounted to
Rp16.212 billion, reflecting an increase of Rp2.179 billion
Industrial Estate Land Inventory Under or 16% compared to 2022’s figure of Rp14.033 billion. This
Development increase was primarily driven by a rise in long-term debt
maturing within one year by Rp535 billion and long-term
In 2023, the inventory of industrial estate land designated debt net of the portion due within one year by Rp1.016
for the next phase of development totaled Rp3.026 billion, billion.
a 17% increase from Rp2.587 billion in 2022. This increase
Total Liabilities
in Bilion Rupiah
12,533
11,280
9,307
Short Term Liabilities
Long Term Liabilitas
2,903
3,678
2,752
2021 2022 2023
Short-term Liabilities
in Bilion Rupiah
2023 2022
Growth Percentage
Short-term Liabilities Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Short-term bank and
5 0% 2 0% 3 218%
other payables
Accounts payable -
9,519 80% 9,239 82% 280 3%
third parties
Other payables - third
350 1% 73 0% 277 379%
parties
Tax payable 450 4% 350 3% 100% 28%
Accrued expenses 572 5% 624 6% (52) -8%
Short-term employee
188 2% 195 2% (7) -4%
benefit liabilities
Short-term lease
43 0% 15 0% 28 181%
liabilities
Short-term contract
225 2% 227 2% (2) -1%
liabilities
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Highlights and Analysis
2023 2022
Growth Percentage
Short-term Liabilities Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Long-term bank and
other payables due 1,089 9% 555 5% 535 96%
within one year
Bonds payable due
37 0% - 0% 37 0%
within 1 year
Dividends payable 56 0% 1 0% 55 5531%
Total Short-term
12,533 100% 11,280 100% 1,253 11%
Liabilities
Short-term liabilities in 2023 amounted to Rp12.533 billion, an increase of Rp1.253 billion or 11% from Rp11.280 billion in the
previous year. This was primarily driven by the increase in long-term bank debts and others that matured within one year
amounting to Rp535 billion, up by 96% compared to 2022.
Trade Payables Period
(days)
121
92
78
2021 2022 2023
AKR reported accounts payable of Rp9.519 billion in 2023, Long-term and Other Bank Payables due within One
marking an increase of Rp280 billion or 3% compared to Year
Rp9.239 billion in 2022, with the accounts payable period At the conclusion of 2023, there was a 96% increase in
also extending to 92 days. This increase was primarily long-term bank and other payables due within 1 year,
attributed to lower costs of goods sold resulting from rising from Rp555 billion in 2022 to Rp1,089 billion in 2023,
reduced oil and basic chemical prices. representing an increase of Rp535 billion.
Short-term Bank and Other Payables
Short-term bank debt in 2023 amounted to Rp5 billion, an
increase of Rp3 billion or 218% compared to Rp122 billion
in 2022.
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Long-term Liabilities
in Bilion Rupiah
2023 2022
Growth Percentage
Long-term Liabilities Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Deferred tax liabilities
18 0% 11 0% 7 64%
- net
Long-term bank and
3,117 79% 2,101 76% 1,016 48%
other payables
Bonds payable - - 37 1% (37) -100%
Post- employment
177 4% 145 5% 33 22%
benefit liabilities
Long-term contract
19 0% 79 3% (59) -75%
liabilities
Long-term Lease
337 9% 307 11% 30 10%
Liabilities
Other long- term
9 7% 73 3% (64) -88%
liabilities
Total Long-Term
3,678 100% 2,752 100% 926 34%
Liabilities
In 2023, the total long-term liabilities amounted to Rp3.678 Long-term Bank and Other Paybles
billion, marking a Rp926 billion increase or 34% compared At the end of 2023, the Company reported long-term bank
to the prior year’s total of Rp2.752 billion. This increase and other payables amounting to Rp3.117 billion, marking
primarily resulted from a Rp1.016 billion or 48% rise in long- a Rp1.016 billion increase or 48% compared to the Rp2.101
term bank and other payables, reaching Rp3.117 billion. billion recorded in 2022.
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 121
Highlights and Analysis
Equity
in Bilion Rupiah
Growth Percentage
Equity 2023 2022
(Decrease) (%)
Share capital 401 401 0 0%
Additional paid-in capital 1,287 1,287 0 0%
Treasury stock - 67,261,000 shares -118 -118 0 0%
Retained earnings
Designated for use 4 4 0 0%
Unspecified use 9,396 9,090 303 3%
Foreign exchange differences on translation of
226 235 -9 -4%
financial statements
Share of other changes in equity of subsidiaries 69 69 0 0%
Total equity attributable to owners of the parent
11,263 10,969 294 3%
entity
Non-controlling interest 2,780 2,186 594 27%
Total Equity 14,043 13,155 888 7%
Total equity experienced an Rp888 billion or 7% rise from Rp13.155 billion in 2022 to Rp14.043 billion in 2023, stemming
from a Rp303 billion or 3% growth in unappropriated retained earnings compared to the previous year.
Statement of Profit (Loss) and Other Comprehensive
Income
in Bilion Rupiah
Growth Percentage
Income Statement 2023 2022
(Decrease) (%)
Sales and revenue 42,087 47,540 (5,452) -12%
Cost of sales and revenue (37,613) (43,288) (5,674) -13%
Gross Profit 4,473 4,252 221 5%
Operating Expenses (975) (1,129) (154) -14%
General and administrative expenses (878) (975) (97) -10%
Selling Expenses (97) (154) (57) -37%
Other operating income (expense)
Gain (loss) on disposal and sale of equipment net 15 7 8 108%
Foreign exchange gain (loss), net 6 (46) 52 114%
Other operating income/expenses 41 2 39 150%
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Growth Percentage
Income Statement 2023 2022
(Decrease) (%)
Operating profit 3,561 3,087 474 15%
Financial income 197 49 147 301%
Final tax related (36) (9) 26 281%
Financial expenses (68) (57) 11 20%
Share of profit of associates 35 17 18 108%
Profit before tax expense 3,687 3,087 602 19%
Final tax expense 20 62 -42 -68%
Tax expense, net 589 545 44 8%
Profit for the Year 3,078 2,479 599 24%
Foreign exhcange traslation of financial statements (20) 96 (115) -121%
Actuarial gains (losses) on post-employment benefits (12) 1 (13) -1414%
Deferred tax related 1 0 1 321%
Other comprehensive income (loss) for the year after
(30) 97 (127) -131%
tax
Total Comprehensive Income for the year 3,048 2,576 472 18%
Profit for the Year attributable to:
Owner of the parent entity 2,780 2,403 377 16%
Non-controlling interest 298 76 222 294%
Profit for the year 3,078 2,479 599 24%
Total comprehensive income for the year attributable to:
Owner of the parent entity 2,761 2,453 308 13%
Non-controlling interest 287 123 164 133%
Total comperhensive income for the year 3,048 2,576 472 18%
Earnings per share (in full Rupiah) 140.9 121.8 19.1 16%
By the conclusion of 2023, the Company registered a 5% The total net profit attributable to the parent entity for
increase in gross profit, rising from Rp4.252 billion in 2022 2023 was Rp2.780 billion, representing a 16% increase from
to Rp4.473 billion in 2023. Additionally, the operating profit Rp2.403 billion in 2022.
for 2023 was recorded at Rp3.561 billion, marking a Rp15%
increase compared to Rp3.087 billion in 2022.
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and Operational Report Profile Discussion Support Function Governance 123
Highlights and Analysis
Sales and revenue
in Bilion Rupiah
2023 2022
Growth Percentage
Sales and Revenue Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
BBM 31,869 77% 36,327 76% (4,458) -12%
Basic chemical 6,344 16% 8,371 18% (2,027) -24%
Sub-count 38,213 91% 44,698 94% (6,458) -15%
Manufacturer
Manufacturer - Third
558 1% 800 2% -242 -30%
Party Adhesive
Sub-count 558 1% 800 2% -242 -30%
Other products
Logistics services
Port operations and
639 2% 575 1% 65 11%
transportation
Storage tank rental 280 1% 261 1% 10 4%
Miscellaneous 75 0% 58 0% 17 29%
Sub-count 994 2% 902 2% 91 10%
Industrial estate land 2,323 6% 1,149 2% 1,173 102%
Total Sales and Revenue 42,087 100% 47,550 100% (5,463) -11%
At the conclusion of 2023, the Company’s revenue declined An analysis of the sales and earnings of each business
by Rp5.463 billion or 11%, decreasing from Rp47.550 billion segment is provided in the Operating Review section of
in 2022 to Rp42.087 billion in 2023. This decrease was this Annual Report.
primarily attributed to lower revenue from the trading and
distribution segment, which was driven by reduced selling
prices of petroleum oil products and basic chemicals.
Cost of Good Sold and Revenue
in Bilion Rupiah
2023 2022
Cost of Good Sold and Growth Percentage
Revenue Contribution Contribution (Decrease) (%)
Nominal Nominal
(%) (%)
Trade and distribution 34,935 93% 41,254 95% (6,319) -15%
Manufacturer 323 1% 532 1% (208) -39%
Logistics services 1,014 3% 896 2% 118 13%
Industrial estate land 1,341 4% 606 1% 735 121%
Total Cost of Goods Sold
37,613 100% 43,288 100% (5,674) -13%
and Revenue
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The cost of sales and revenue decreased by Rp5,674 billion or 13%, declining from Rp43.288 billion in 2022 to Rp37.613
billion in 2023. This decrease was attributed to lower cost of goods sold in the trading and distribution segment, which was
in line with the reduced global oil and basic chemical prices.
Gross Profit
in Bilion Rupiah
2023 2022
Growth Percentage
Gross Profit Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Trade and distribution 3,278 73% 3,444 81% (166) -5%
Manufacturer 234 6% 268 6% (34) -13%
Logistics services (20) -1% (3) 0% 17 614%
Industrial estate land 981 22% 543 13% 439 81%
Total Gross Profit 4,473 100% 4,252 100% 221 5%
As of December 31, 2023, AKR recorded gross profit of Rp4.473 billion, marking a Rp221 billion or 5% increase compared
to the previous year’s Rp4.252 billion, primarily driven by a Rp439 billion or 81% rise in profit from the industrial estate
segment compared to 2022, leading to an increase in its contribution to gross profit to 22% from the previous year’s 13%.
Operating Expenses
in Bilion Rupiah
2023 2022
Growth Percentage
Operating Expenses Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
General and administrative expenses
Salaries, wages and
561 58% 562 50% (1) 0%
employee benefits
Allowance for
impairment losses 67 7% 125 12% (58) -46%
on trade receivables
Official travel and
38 4% 34 3% 4 12%
transportation
Office expenses 42 4% 37 3% 5 13%
Depreciation 38 4% 36 3% 2 6%
Depreciation and
amortization of 3 0% 3 0% (1) -15%
right-of-use assets
Infrastructure and
14 2% 15 1% (1) -4%
telecommunications
Professional fees 41 4% 85 8% (44) -52%
Office rent 9 1% 8 1% 0 5%
Repair and
9 1% 12 1% (3) -26%
maintenance
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 125
Highlights and Analysis
2023 2022
Growth Percentage
Operating Expenses Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Taxes and licenses 15 1% 13 1% 2 14%
Bank and
5 1% 4 0% 1 29%
administration fees
Insurance 4 1% 8 1% (4) -48%
Office supplies 3 0% 4 0% (1) -30%
Shipping 1 0% 1 0% (0) -15%
Miscellaneous 28 7% 27 2% 0 0%
Sub-count 878 90% 975 86% (97) -10%
Selling Expenses
Transportation 14 1% 17 2% (2) -15%
Entertainment 4 0% 4 0% 1 (16)
Depreciation 1 0% 1 0% - 0%
Advertising and
24 2% 15 1% 10 66%
promotion
Miscellaneous 54 5% 118 10% (64) -55%
Sub-count 97 10% 154 14% (57) -37%
Total Operating
975 100% 1,129 100% (154) -14%
Expenses
The Company’s operating expenses decreased by Rp154 Financial Income (Expense)
billion or 14%, decreasing from Rp1.129 billion in 2022 to The Company’s financial expenses in 2023 amounted
Rp975 billion in 2023, due to a reduction in allowance for to Rp68 billion, compared to Rp57 billion in the previous
impairment losses on trade receivables, which decreased year. This increase was primarily due to a 16% rise in total
by Rp58 billion or 46%. liabilities.
Gain (Loss) on Foreign Exchange Furthermore, financial income after final taxes increased
The Company recorded a foreign exchange gain of Rp6 to Rp147 billion in 2023, marking a significant rise of Rp161
billion in 2023, marking an increase of Rp52 billion or billion or 301% from Rp40 billion in 2022. This increase
114% compared to the previous year’s loss of Rp46 billion was attributed to the cash and cash equivalents position,
in 2022. This improvement occurred despite the Rupiah which grew by 51%.
depreciating against the US dollar by 1.9%, from Rp15,731
to Rp15,416 in 2023. Tax Benefit (Expense)
There was an increase in net and final tax expense to Rp609
billion in 2023 from Rp607 billion in 2022, with a lower
effective tax rate due to fiscal gains from the industrial
estate segment.
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Other Comperhensive Income
in Bilion Rupiah
2023 2022
Other Comperhensive Growth Percentage
Income Contribution Contribution (Decrease) (%)
Nominal Nominal
(%) (%)
Foreign exchange
differences on
(20) 65% 96 99% (118) -123%
translation of financial
statements
Actuarial gains (losses)
on post- employment (12) 39% 1 1% 1% -1.198%
benefits
Deferred tax related 1 -4% 0 0% 2 631%
Other Comprehensive
Income for the year (30) 100% 97 100% (127) -131%
after tax
The company recorded other comprehensive income reclassified to future years of Rp30 billion in 2023, marking a decrease
from Rp97 billion in the previous year.
Comprehensive Income for the Year
in Bilion Rupiah
2023 2022
Comprehensive Income Growth Percentage
for the Year Contribution Contribution (Decrease) (%)
Nominal Nominal
(%) (%)
Profit for the year 3,078 101.0% 2,479 96% 599 24%
Other comprehensive
income for the year after (30) -1% 97 4% 127 6%
tax
Total Comprehensive
3,048 100.0% 2,576 100% 472 18%
Income for the Year
In 2023, the Company reported a comprehensive income Profit for the Year Attributable to Owners of the Parent
of Rp3.048 billion for the year, marking a Rp472 billion or Entity
18% rise from the prior year’s Rp2.576 billion. This growth In 2023, the profit attributable to the parent company was
stemmed from enhanced operational effectiveness and Rp2.780 billion, resulting in a net profit margin of 6.6%.
financial gains. The profit for 2023 surged by 24% from
Rp2.479 billion in 2022 to Rp3.078 billion.
Consolidated Statement of Cash Flows
Growth Percentage
Cash Flow Statement 2023 2022
(Decrease) (%)
Net cash provided by (used in) operating
3,502 2,629 873 33%
activities
Net cash provided by (used in) investing
(584) (276) 307 111%
activities
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Highlights and Analysis
Growth Percentage
Cash Flow Statement 2023 2022
(Decrease) (%)
Net cash provided by (used in) financing
(648) (873) (225) -26%
activities
Net increase in cash and cash equivalents 2,270 1,479 791 53%
Impact of changes in foreign exchange (72) 258 (331) -128%
Cash and cash equivalents at the beginning of
4,338 2,600 1,738 67%
the year
Year-end cash and cash equivalents 6,536 4,338 2,198 51%
In 2023, the Company recorded cash and cash equivalents Cash Flow from Investing Activities
amounting to Rp6.536 billion, a Rp2.198 billion or 51% rise In 2023, net cash used for investing activities amounted
compared to Rp4.338 billion in 2022, and attributed to to Rp584 billion. This amount increased by Rp307 billion
reduced cash payments to suppliers and a rise in long- or 111% compared to Rp276 billion in 2022. The increase
term debt. was due to a rise in the acquisition value of fixed assets,
reflecting the company’s increased investment in
Cash Flow from Operating Activities acquiring fixed assets.
Net cash flows from operating activities rose by Rp873
billion or 33% from Rp2.629 billion in 2022 to Rp3.502 Cash Flow from Financing Activities
billion in 2023, driven by reduced payments to suppliers, As of December 31, 2023, net cash provided by financing
aligning with lower global oil and basic chemical prices, activities amounted to Rp648 billion, marking a decrease
and significantly higher land sales in industrial estates. of Rp225 billion or 26% from Rp873 billion in 2022, primarily
attributed to an increase in long-term debt amounting to
Rp2.029 billion.
DEBT PAYMENT ABILITY AND ACCOUNTS
RECEIVABLE COLLECTABILITY LEVEL
The Company evaluates its ability to repay debt through several financial metrics, including the net gearing ratio (liabilities
to total assets) and the ratio of EBITDA to interest-bearing debt. This approach helps to assess and anticipate potential
risks, leading to continuous monitoring of financial performance.
Net Gearing Ratio
The ratio indicating equity and the ability to repay debt on a cashless basis turned negative in 2023. However, the liability
ratio has remained stable year-on-year and the Company is currently in a net cash position. Moreover, it has received an
upgrade in ratings from the leading rating agency PEFINDO Indonesia to id AA with a stable outlook.
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Net Gearing Ratio
(x)
0.02
2021 2022 2023
(0.12)
(0.16)
Liability to Total Assets Ratio
As of December 31, 2023, approximately 17841% of the Company’s assets were financed by liabilities, no change compared
to 2022. The liability ratio is relatively stable from year to year and assets are more than sufficient to pay the Company’s
debts
EBITDA to Interest-bearing Debt Ratio
In 2023, the EBITDA to interest-bearing debt ratio decreased to 0.95 times, down from 1.31 times in 2022. The Company’s
strong equity, effective management practices, and anticipated high future earnings are expected to enhance its ability
to repay debt.
CAPITAL STRUCTURE
AND CAPITAL STRUCTURE POLICY
Capital Structure Details
AKR is committed to maintaining a healthy capital In 2023, equity made a significant contribution to the
structure to ensure optimal support for its growth and capital structure, amounting to Rp11.263 billion or an 11%
sustainable business activities. The capital structure increase compared to 2022 at Rp13,721 billion.
comprises a mix of long-term liabilities and equity.
in Bilion Rupiah
2023 2022
Growth Percentage
Capital Structure Contribution Contribution
Nominal Nominal (Decrease) (%)
(%) (%)
Long-term Liabilities 3,678 21% 2,752 17% 926 34%
Equity 14,043 79% 13,155 83% 888 7%
Total Long- term
17,721 100% 15,907 100% 1,814 11%
Funding Sources
Annual Report 2023
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and Operational Report Profile Discussion Support Function Governance 129
Highlights and Analysis
Management Policy on Capital Structure
The Company manages its capital structure to ensure AKR prioritizes internal cash, long-term debt, or bonds
business continuity, aimed at generating returns for for capital expenditure and new projects, aligning with a
shareholders, providing benefits to other stakeholders, commitment to maintain the Return on Equity (ROE) ratio,
and maintaining an optimal capital structure to minimize ultimately delivering value to shareholders.
the cost of capital.
Basis for Selection of Management Policy on Capital
Structure
The Company has formulated a management policy Management also conducts regular reviews of the capital
regarding its capital structure with the objectives structure, taking into account factors such as the cost of
of ensuring business continuity, delivering profits capital and associated risks, enabling the navigation of
to shareholders, providing enhanced benefits for various challenges and economic conditions, ensuring
stakeholders, and maintaining an optimal capital structure. continued growth in the future.
MATERIAL TIES FOR INVESTMENT
IN CAPITAL GOODS
Investing in capital goods, also known as capital expenditure, involves allocating funds towards purchasing fixed assets or
acquiring goods that are anticipated to generate value in the future. During 2023, Neither the Company nor its subsidiaries
had any significant capital investment commitments, which typically represent 20% or more of the equity value.
CAPITAL GOODS
INVESTMENT REALIZATION
Investment Value (IDR
Investment Type Investment Objective
Billion)
Land Rights Operational Support 42
Buildings, Docks, Warehouses
Operational Support 68
and Storage Tanks
Machinery and Equipment Supporting Infrastructure Capacity 330
Warehouse Equipment and
Supporting Infrastructure Capacity 3
Unloading Equipment at Port
Vehicle Fleet Capacity Improvement 20
Leased Building Development Operational Support 1
Building Renovation Operational Support 1
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Investment Value (IDR
Investment Type Investment Objective
Billion)
Office Equipment Operational Support 8
Ship Fleet Capacity Improvement 148
Assets under Construction Construction of Vessel and Tank Facilities 313
Total Investment 933
In 2023, the Company made investments in capital goods totaling Rp933 billion, a significant increase of Rp644 billion or
219% compared to the previous year’s Rp293 billion and primarily aimed at supporting Company operations.
COMPARISON OF TARGET
AND REALIZATION
AKR established several targets to reach at the start of 2023. A comparison between the targets set and the actual
accomplishments for the fiscal year 2023 follows:
Description 2023 Realization Target 2023
Net profit +16% +14% - +16%
Trading and distribution segment gross profit growth -5% +5-6%
Industrial Estate land sales (Hectares) 91 75
Sales and Revenue Net Profit
AKR operates a passthrough business model in its The net profit achieved in 2023 amounted to Rp2.780
petroleum trading and distribution segment, adopting a billion, a 16% increase compared to Rp2.403 billion in 2022
commission-based model for the basic chemical trading and aligning with the target set for 2023. This growth was
and distribution segment. The trading and distribution primarily attributed to the successful maintenance of
segment significantly contributes to revenue and aligns the trading and distribution segment’s performance as
its selling prices with international price standards or planned, along with the industrial estate segment selling
benchmarks. The Company demonstrates efficient pricing 91 hectares of land, surpassing the management’s target
strategies by passing on product prices to consumers of 75 hectares for 2023.
effectively, and its performance remains unaffected by
fluctuations in product prices. Net profit growth can be attained through several
strategies, such as:
As a result, the Company did not set a revenue target 1. Sustaining profitability levels and ensuring high
for 2023. Despite a decline in revenue by 11% to Rp42.087 service quality and safety standards in the trading and
billion in 2023, gross profit and net profit increased. The distribution segments.
Company focused on achieving net profit growth for 2023 2. Promoting the JIIPE industrial estate as a special
by estimating the volume of products to be distributed and economic zone with a range of incentives, both fiscal
the associated margins, in addition to aiming for a specific and non-fiscal, to attract investors and encourage
amount of land sales in the Industrial estate segment. investment in JIIPE.
Annual Report 2023
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Financial Management Company Management Business Corporate
and Operational Report Profile Discussion Support Function Governance 131
Highlights and Analysis
2024
PROJECTION
Bank Indonesia forecasts Indonesia’s economic growth to (kL) as per the Decree of the Minister of Energy and Mineral
expand throughout 2024, ranging from 4.7% to 5.5%. This Resources (ESDM) of the Republic of Indonesia No. 205.K/
projection marks an improvement from the estimated EK.05/DJE/2022. This allocation aligns with the Ministry of
economic growth in 2022, which was around 4.5% to 5.3%. Energy and Mineral Resources (ESDM) target of achieving
The growth acceleration is attributed to rising household a biodiesel utilization of 12.5 million kiloliters (kL) by 2024.
consumption, bolstered by higher minimum wages and
government social assistance. Additionally, increased The anticipated rise in biodiesel demand, coupled with the
government spending, petroleumed by preparations overall growth in the petroleum trading and distribution
for the general elections and higher infrastructure business, has instilled confidence in the Company to
investments, contributed to the growth momentum. target a net profit growth of 6-8% in both the trading
and industrial segments. Furthermore, the demand for
The Consumer Price Index (CPI) inflation target for 2024 basic chemicals, driven by the increasing requirement
is set at 2.5% ± 1%, which represents a decrease compared for smelters as part of the government’s mining sector
to the 2022 projection of 3% ± 1%. To manage inflation downstream program, also contributes to this projection.
effectively, the government has implemented consistent
monetary and fiscal policies, with a particular focus on In the industrial estate segment, JIIPE experienced
controlling food prices and overall inflation expectations. significant growth in 2023, with land sales realization
reaching 90 hectares, surpassing the projected target
In 2023, the government ramped up the adoption of of 70-75 hectares. The growing number of tenants
biopetroleum blends, including the relaunch of the B35 from industrial and business sectors has contributed to
program, which involves increasing the percentage of increased demand for utilities such as electricity, water,
biodiesel in petroleum blends to promote the utilization of and gas, as well as from the port sector. Additionally, the
New Renewable Energy (EBT) sources. strong demand for smelters as part of the downstream
mining industry is anticipated to enhance the appeal to
AKR is among the companies actively contributing to both domestic and foreign investors.
fulfilling the demand for biodiesel and petroleum oil. In
2023, AKR received a biodiesel allocation of 899,125 kiloliters The Company recorded business projections for 2024, as
follows:
2024 Target
Description 2023 Realization Target 2024
against
Net profit +16% +12-15% +12-15%
Trading and distribution segment gross profit growth -5% +6-8% +6-8%
Industrial Estate land sales (Hectares) 91 130 +43%
Sales and Earnings Net profit
In the industrial estate segment, KEK JIIPE is expected The Company set a high net profit growth target for
to experience significant growth in 2023, with land sales gross and operating profit. A smoothly running IT
realization reaching 90 hectares, surpassing the projected infrastructure provides support for higher productivity,
target of 70-75 hectares. The growing number of tenants which can minimize expenses. The Company’s working
from industrial and business sectors has contributed to capital management is efficient, with the aim of reducing
increased demand for utilities such as electricity, water, financial costs.
and gas, as well as from the port sector. Additionally, the
strong demand for smelters as part of the downstream Capital Structure
mining industry is anticipated to enhance the appeal to In 2024, the Company does not intend to make substantial
both domestic and foreign investors. alterations to its capital structure or modify its capital
structure policy. As of December 31, 2023, equity comprised
79% of the total capital, amounting to Rp14.043 billion, and
the cash balance stood at IDR6.536 billion, with the net
gearing ratio indicating a net cash position of -0.16x.
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EMPLOYEE AND/OR MANAGEMENT SHARE
OWNERSHIP PROGRAM (ESOP/MSOP)
Throughout 2023, the Company did not implement any employee and/or management share ownership programs.
However, the Company will implement a share buyback program through a management and employee stock ownership
plan, which will begin at the 2024 Annual General Meeting. This is in compliance with OJK Regulation No. 29 of 2023
concerning Share Buyback by Public Companies, Article 25 letter c.
Number of Number of Number of Price
Number of
MSOP Stage Options Shares Options Shares Options Shares Implementation
Options
that Given that Executed that Scorched (Rp)
2007 I (2007) 155,000,000 26,975,000 25,310,000 1,665,000 718,00
II (2008) 30,175,000 27,752,500 2,442,500 1,072,44
III (2009) 31,000,000 30,142,500 857,500 519,48
IV (2010) 30,000,000 28,445,000 1,555,000 880,92
V (2011) 31,225,000 29,497,500 1,727,500 1,372,68
2011 I (2012) 76,430,870 32,700,000 31,710,000 990,000 3,543,00
II (2013) 21,865,435 21,288,435 577,000 4,145,00
II (2013) 21,865,435 20,400,435 1,465,000 4,501,20
Amendment
2014 25,000,000 25,000,000 23,658,300 1,341,700 4,433,40
2015 I (2015) 117,000,000 30,000,000 22,745,750 7,254,250 5,355,00
II (2016) 30,000,000 6,041,000 23,959,000 6,096,00
III (2017) 30,000,000 45,000 29,955,000 6,461,00
MATERIAL INFORMATION AND FACTS
AFTER THE ACCOUNTANT’S REPORT DATE
Up to the completion of this Annual Report, information 2. On January 8, 2024, AKRIDA increased its issued and
and material facts after the date of the accountant’s report paid-up capital from Rp821,165,000 to Rp949,165,000 as
including its impact on future business performance and per Notarial Deed No. 13. The Company absorbed the
risks are as follows entire increase of Rp128,000,000. This was disclosed
1. On January 5, 2024, AKR and UEPN established a new to OJK and IDX through Letter No. 005/L-AKR-CS/2024
entity called PT Berkah Renewable Energi Nusantara dated January 10, 2024.
(BREN) through Notarial Deed No. 8. AKR holds 99.99% 3. On February 23, 2024, AST raised its authorized capital
ownership in BREN, with the remaining owned by UEPN, from Rp300,000,000 to Rp500,000,000 and increased
and the total paid-up capital is Rp30,000,000. BREN’s its issued and paid-up capital from Rp274,900,000
activities will focus on power generation, operation, to Rp404,900,000 through Notarial Deed No. 63. The
construction, and installation. The Company informed Company absorbed the entire increase of Rp130,000,000.
the Financial Services Authority (OJK) and the Indonesia This information was disclosed to OJK and IDX through
Stock Exchange (IDX) about this development through Letter No. 017/L-AKR-CS/2024 dated February 27, 2024.
Letter No. 004/L-AKR-CS/2024 dated January 9, 2024.
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4. PT Pemeringkat Efek Indonesia (PEFINDO) reaffirmed the ratings for the Company and AKR’s 2017 sustainable bonds
I phase I Series C as idAA (double A) with a Stable Outlook in the Rating Certificate issued on March 13, 2024. This
rating is valid from March 8, 2024, to March 1, 2025. The Company communicated this rating update through Letter No.
023/L-AKR-CS/2024 on March 15, 2024, to OJK and IDX.
BUSINESS
OUTLOOK
Prospects for Petroleum Trade & Distribution the total to 53 operational smelters by 2024.
The Company employs a robust business model to 3. Plantation
manage its petroleum distribution, adaptable to market Domestic consumption of crude palm oil (CPO)
demands. Besides utilizing the Mean of Platts Singapore is expected to rise in 2024. In 2023, national CPO
(MOPS) to maintain price stability, the Company employs consumption was projected to reach 23.28 million
a pass-through mechanism which transfers fluctuations in tons, up from 21.14 million tons in 2022. The Executive
global oil prices and currency exchange rates to customers, Director of the Indonesian Palm Oil Association (GAPKI),
aiming to achieve a zero or negligible net open position. Mukti Sardjono, stated that CPO consumption in 2024
is estimated to increase by around 9.08% to 25.40
In 2023, the distribution of petroleum to industrial and million tons. The demand for food, biodiesel, and
business customers experienced growth, primarily oleochemicals will rise, especially with the B35 biodiesel
petroleumed by increased industrial activity in eastern mandate driving a significant increase in local CPO
Indonesia associated with the mineral downstream consumption. The government plans to increase the
program. The Company anticipates this upward trend to biodiesel mandate from B35 to B40 and potentially B45.
continue in 2024. 4. Bunkering Services (Petroleum Delivery &
1. Mining Transportation Services)
The Ministry of Energy and Mineral Resources aims for Mining and fisheries bunkers rely on petroleum from
coal production to reach 710 million tons, higher than AKR. The growth prospects for petroleum sales in
the 2023 target of 695 million tons, driving petroleum mining bunkers align with the mining industry’s
demand, particularly for mining companies with outlook. Meanwhile, petroleum supply for fisheries
pre-stripping capabilities, leading to a higher mine bunkers depends on factors affecting fishing activities
production stripping ratio. Several mineral mines are such as weather conditions, location, and regulatory
intensifying their mining activities in response to policies in the marine and fisheries sector.
growing demand for raw materials like nickel, bauxite, 5. General Market
and others, propelled by the government’s downstream Increased economic activity will lead to broad demand
program. Nickel mining companies in Indonesia have for products distributed by the Company, including
announced plans to boost production in 2024. those in the manufacturing, trading, construction, and
2. Smelter transportation sectors
The value addition in the mining sector creates a 6. Power Plant
demand for petroleum products and chemicals. Law The Company supplies petroleum to both government
No. 3 of 2020 on the Amendment to Law No. 4 of and private power plants as required.
2009 on Mineral and Coal Mining mandates that raw 7. Retail Company
materials should not be exported. The downstream The Company sees significant potential in the retail
program encourages using raw materials to produce sector, with a relatively low ratio of gas stations
advanced products with higher added value. Minerals to Indonesia’s population and a rising number of
such as copper, nickel, gold, tin, bauxite, and aluminum motorized vehicles each year. The retail business is
must be smelted before obtaining an export permit. conducted through AKR Retail Outlets and AKR-bp
The Ministry of Energy and Mineral Resources targets joint venture outlets. AKR-bp aims to operate 44 outlets
the operation of 30 nickel smelters by 2024, with 13 by 2023 and is targeting up to 50 more gas stations by
already operating and 17 under construction, bringing 2024. Additionally, the government’s policy to align the
selling price of RON 92 petroleum with market prices is
expected to boost volumes significantly in the coming
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years. Transport Indonesia (ATI) with a fleet of 250 trucks.
8. Aviation Petroleum 2. Jakarta Tank Terminal (JTT)
The business activities of Aviation Petroleum Supply With a storage capacity of 350,000 cubic meters (cbm),
and Distribution are open to all Business Entities JTT anticipates continued growth in capacity utilization
meeting requirements and adhering to fair competition to meet escalating petroleum demand. Located in
principles. Until 2023, PT Dirgantara Petroindo Jaya, a Jakarta, JTT primarily serves the import and distribution
joint venture between AKR and Air BP, manages the market in Jakarta and Java Island.
Company’s aviation petroleum sales activities. 3. Bulk and Containers
The Company’s dry bulk and container loading/
Prospects for Basic Chemicals Trading & Distribution unloading operations are overseen by its subsidiary,
The Company is aiming for sustained financial growth in Usaha Era Pratama Nusantara (UEPN), situated in
2024, building upon achievments in 2023. This optimism Surabaya. PT Berlian Manyar Sejahtera (BMS) manages
is petroleumed by positive prospects in the basic chemical port services at Manyar Terminal in Gresik Port, East
industry, as well as the petroleum distribution to the Java, holding a 76-year concession from the Ministry
JIIPE Special Economic Zone (KEK JIIPE) project, which is of Transportation. BMS’s capacity expanded to handle
experiencing favorable growth trends. up to 5.4 million metric tons per year in 2022. Currently,
BMS is extending its jetty to support the copper smelter
The demand for basic chemicals like sodium hydroxide facility at JIIPE Gresik, expanding from 2 to 4 points.
(caustic soda) and other chemicals used across multiple
industries, including smelters, is on the rise. This trend Prospects for Industrial Estates
is expected to persist throughout 2024, driven by the The JIIPE Gresik Special Economic Zone (SEZ) was
ongoing progress in mining’s downstreaming initiatives. founded in 2013, a realization of the AKR’s vision to
enhance connectivity for businesses in Indonesia. The
Manufacturing Outlook project spans 3,000 hectares and encompasses Industrial
The Company’s manufacturing sector overseen by Aruki is Estates, Deep Sea Ports, and Residential Estates. JIIPE,
significantly impacted by the property market and timber with comprehensive facilities such as integrated industrial
industry in Indonesia, with an expected growth in furniture estates and ports, water supply with minimal runoff,
and craft exports. The Indonesian Furniture and Handicraft telecommunications services, and connectivity with land
Industry Association (HIMKI) aims for exports to reach transportation, including in-house power plants.
USD 5 billion by 2024. With this target in mind, Aruki, as a
subsidiary of AKR, is anticipated to have a more optimistic In 2023, JIIPE’s income is expected to be derived primarily
outlook regarding the domestic property and furniture from three sources. Firstly, land sales revenue is projected,
market. with 850 hectares of land being monetized. Secondly,
there will be increased demand for electricity, water, and
Logistics Outlook gas, particularly from copper and glass smelters within
The Company anticipates an increase in third-party the zone. Lastly, income from port operations, capable of
logistics revenue in 2024 due to significant investments handling 10 million tons of bulk cargo, will contribute to
in vessels, trucks, and enhanced efficiency to cater to JIIPE’s revenue streams.
the Eastern Indonesia market. The Company boasts
comprehensive logistics and supply chain facilities, with a Alongside contributions from the trading and distribution
total of 17 operational ports as of 2023. business, which historically have been the highest
1. Petroleum Storage & Transportation Tanks contributor to AKR, the KEK JIIPE industrial estate and
Government policies promoting the downstreaming port are forecasted to account for 22% of AKR’s gross profit
of mineral mines in 2023 have spurred demand for in 2024. This contribution is expected to increase to 32%
petroleum and biopetroleum, expected to continue by 2030.
in 2024. This surge necessitates increased liquid bulk
distribution and storage facilities. The Company utilizes In 2024, the Company anticipates increased revenue from
12 Self Propelled Oil Barges (SPOB) for petroleum JIIPE, driven by two main factors:
distribution, continuously expanding this fleet to 1. Land sales to heavy industries from both foreign and
enhance service quality and strengthen AKR’s logistics domestic investors.
and supply chain. Land distribution is managed by AKR 2. Increased revenue from the utilities segment, including
the sale of electricity, water, and other utilities. This
growth is expected as major tenants like the copper
smelter, glass factory, and advanced copper products
factory commence operations.
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DIVID END POLIC Y AND DISTR IBUTI ON
Dividend Policy
According to the Initial Public Offering prospectus in 1994, AKR has a policy of distributing cash dividends to all shareholders
at least once a year. This is based on the Company’s financial performance or Health Level, ensuring it is at least 30% of
the previous year’s net profit (if the profit exceeds Rp50 billion), while also respecting the rights of the General Meeting of
Shareholders.
Chronology of Dividend Distribution
At the Annual General Meeting of Shareholders held on The schedule for the distribution of cash dividends is as
April 28, 2023, shareholders approved the use of net profit follows:
for the fiscal year 2022 to pay dividends. The Company 1. Cum dividends in Regular Market and Negotiated
distributed cash dividends amounting to Rp1.480 billion, Market on May 9, 2023
equivalent to 61.59% of the current year’s profit attributable 2. Ex Dividend in Regular Market and Negotiated Market
to the owners of the parent entity. on May 10, 2023
3. Cum Dividend in Cash Market on May 11, 2023
The final dividend was paid after deducting the interim 4. Ex Dividend in Cash Market on May 12, 2023
dividends previously distributed to shareholders, totaling 5. Recording Date entitled to Dividends on May 11, 2023
Rp493 billion or Rp25 per share, as per the Resolution 6. Dividend Payment dated May 24, 2023
of the Board of Directors Meeting dated July 22, 2022.
Consequently, the final dividend to be paid on May 24, AKR’s dividend distribution chronology over the last 2
2023, amounts to Rp987 billion or Rp50 per share, based (two) years is as follows:
on the outstanding shares of 19,737,169,600 (net of treasury
stock).
Dividend per Announcement Payment
Year of Book Net Profit Dividends Payout Ratio
Share Date Date
IDR 2,403 IDR1,480
2022 Rp75 61.59% April 28, 2023 May 24, 2023
billion billion
IDR1,112 IDR 572
2021 Rp29 51.49% April 28, 2022 May 24, 2022
billion billion
MARKETING
ASPECTS
AKR is dedicated to enhancing its services and Petroleum
implementing innovations to tackle economic challenges 1. Intensive marketing to industrial consumers, leveraging
on both global and national fronts, aligning with set the Company’s comparative advantage in infrastructure,
targets. enhanced service value, and efficiency in product
distribution to consumers, improves market share.
AKR’s marketing strategy is based around its business 2. Developing new market opportunities for the industrial
segments, as follows: segment, such as in eastern Indonesia or AKR bp retail
which distributes high-quality fuel, lubricants, and
others.
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Basic Chemical
The Company holds a significant position in the basic Logistic
chemical industry and serves as an authorized distributor 1. Enhance and optimize dry and liquid bulk storage
of products from the Asahimas Chemical Group, which capacity within Indonesia.
commands over 50% of the Chlor-Alkali chemical market, 2. Provide a comprehensive “one-stop service” for
including Caustic Soda, Hydrochloric Acid, PVC, and customers in the petroleum and basic chemical sectors.
Sodium Hypochlorite. This segment typically moves in
tandem with Gross Domestic Product (GDP) growth. The Industri Estate
future strategies to be pursued for the basic chemical 1. Expand sales efforts by focusing on heavy and high-tech
distribution business include: industries and leveraging the potential as an ecosystem
1. Increase sales volume by adding new customers and supporting heavy industries and copper smelting.
retaining existing customers. 2. Harness JIIPE’s potential as a sustainable industrial
2. Offer products to new customers related to mineral zone by advancing environmentally friendly and
downstreaming as new smelters come online in renewable energy solutions, particularly for tenants
Indonesia. with a preference for clean energy.
3. Implement competitive pricing and satisfactory and 3. Generate ongoing revenue from current tenants while
timely service level agreements. fostering growth among tenants requiring extensive
4. Increase storage tank capacity to anticipate increased facilities and utilities.
demand from consumers.
Wood Adhesive Manufacturer
1. Provide competitive pricing options for potential large
customers.
2. Implement intensive marketing campaigns to attract
new potential customers.
3. Expand product offerings to international markets
beyond Indonesia.
Market Share Served
AKR is dedicated to enlarging its market presence. petroleum supply fulfillment within Indonesia, extending
Leveraging a robust business model and sufficient internationally to cover the JIIPE industrial area.
infrastructure, the Company is actively bolstering its
position in the logistics and supply chain sector which
presently comprises 11 seaports, 6 river ports, and storage
tanks strategically located at 20 points across the
Indonesian archipelago.
In 2023, AKR’s market share encompassed domestic
REALIZATION OF USE OF PROCEEDS
FROM PUBLIC OFFERING
As of December 31, 2023, AKR did not issue any new shares, bonds, sukuk, or subordinated instruments.
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Highlights and Analysis
MATERIAL INFORMATION REGARDING
INVESTMENT, EXPANSION, DIVESTMENT,
MERGER/CONSOLIDATION, ACQUISITION,
AND DEBT/CAPITAL RESTRUCTURING
In 2023, AKR did not engage in any investment, expansion, divestment, merger/consolidation, acquisition, or debt/capital
restructuring activities. Consequently, no additional information regarding these matters is included in this Annual Report.
INFORMATION ON MATERIAL
TRANSACTIONS CONTAINING CONFLICT OF
INTEREST AND/OR TRANSACTIONS WITH
AFFILIATED PARTIES
The Company and its subsidiaries conduct transactions a. Belongs to the same Group (comprising the parent
with related parties based on mutually agreed terms and entity, subsidiaries, and subsequent subsidiaries);
at specified price levels as part of their business operations. b. Acts as an associate or joint venture of another entity
(or an associate or joint venture of the Group, of
A related party is defined as a person or entity that has which the other entity is a part);
a close relationship with the Company, influencing its c. Is controlled or jointly controlled by a person
financial statements. This includes: mentioned in (a);
1. A person or their immediate family member is related d. Is significantly influenced by the person identified
to the Company if that person: in (a)(i) or their key management personnel (or the
a. Exercises control or joint control over the Company; parent of such an entity);
b. Holds significant influence over the Company; or e. Provides key management personnel services to the
c. Is a key management personnel of the Company or Company or its parent entity.
its parent entity. induk Perusahaan.
2. An entity is related to the Company if it meets any of the The notes accompanying the consolidated financial
following criteria: statements provide comprehensive disclosure of all
significant transactions involving related parties.
Policy on Fairness Review Mechanism and Regulatory
Compliance of Related Party Transactions
The Company is dedicated to executing all transactions In overseeing related party transactions, the Board
based on fair market terms and following standard of Directors ensures that all transactional activities
commercial practices. Transactions involving related follow thorough procedures. Additionally, the Board of
parties or potential conflicts of interest have been Commissioners and Audit Committee conduct reviews to
conducted in compliance with applicable laws and verify that transactions align with widely accepted business
regulations. practices and adhere to the arm’s length principle.
The Company and its Subsidiaries adhere to PSAK No. 7 Until the end of 2023, there were no violations of laws and
regarding Disclosure of Related Parties and Bapepam-LK regulations related to transactions with related parties
Regulation No. KEP347/BL/2012 issued on June 25, 2012, and/or transactions containing conflicts of interest.
which pertains to the Presentation and Disclosure of
Financial Statements for Issuers or Public Companies.
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Purpose of Transactions with Affiliated Parties
Transactions involving related parties are conducted to ensure the ongoing operations of business segments, thereby
generating business revenue and maintaining sustainability.
Nature of Relationships
It is important to note details about related parties, which include companies and individuals with direct or indirect
ownership or management connections. These are provided in the table below for 2023:
Related Party Nature of the Relationship Nature of the Transaction
Service charge and sales of fuels to
PT AKR Land Development Entities under common control
the Company and Subsidiaries
PT Komersial Logistik Nusantara Entities under common control Office rent
Sales of petroleum oil (BBM),
PT Berlian Manyar Sejahtera Associated entity
management fee
Realization of Transactions with Related Parties
At the end of 2023, the realization of AKR’s transactions with related parties as listed in Note 32 in the 2023 Audited
Financial Statements, can be seen as follows:
Description 2023 2022
PT AKR Land Development
Service charge to the Company and Subsidiaries 5,453,356 5,292,034
Percentage to operating expenses 0.6% 0.0%
Sales of petroleum oil (BBM) 313,356 399,745
Percentage of sales 0.0% -
Transportation income 4,800 4,810
Percentage of revenue 0.0% -
Short-term contract liabilities 54,828,597 -
PT Komersial Logistik Nusantara
Office rent 12,000 -
Percentage of net profit for the year 0.3% -
PT Berlian Manyar Sejahtera
Sales of petroleum oil (BBM) 1,301,511 907,102
Percentage of sales 0.0% -
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Description 2023 2022
Management fee to the Company and Subsidiaries 1,573,310 1,472,050
Percentage to net profit for the year 0.1% -
CHANGES IN LAWS AND
REGULATIONS
At the end of 2023, no changes had been made to laws and regulations that have a significant impact on the Company’s
business activities.
CHANGES IN ACCOUNTING POLICIES THAT
IMPACT THE COMPANY
The Company has prepared accounting policies in 3. Updates to PSAK 25 (Accounting Policies, Changes in
accordance with Financial Accounting Standards (PSAK) Accounting Estimates, and Errors) clarify differences
that are relevant to its operations and effective for between accounting estimates, policies, and error
accounting periods beginning on or after January 1, 2023. corrections, along with refining measurement
The revised standards that affect the consolidated financial techniques. These changes did not affect the Group’s
statements of the group are: financial statements.
1. Changes in PSAK 1 (Presentation of Financial 4. Modifications in PSAK 46 (Income Taxes) narrow the
Statements) focus on disclosing material accounting initial recognition exception, excluding transactions
policies rather than significant ones, aiding entities in with similar deductible and taxable temporary
providing more useful disclosures without affecting differences. This change also didn’t impact the Group’s
measurement or presentation in financial statements. financial statements.
2. Amendments to PSAK 16 (Property, Plant, and
Equipment) concern deducting proceeds from the sale
of items in bringing assets to operational state. These
changes apply retrospectively but had no impact on
the Group’s financial statements due to no sales of such
items.
BUSINESS CONTINUITY
INFORMATION
Despite facing various challenges and changes in business 1. An integrated infrastructure network from upstream to
dynamics, the Company continues to deliver a positive downstream that can reach consumers in various areas
performance and remain resilient. To stay on track and in Indonesia;
maintain its best performance, the Company has classified 2. IT system support that allows the Company to conduct
various key factors that have driven achievements product distribution planning, monitor movement,
throughout 2023, including: inventory, and product status in real-time 24 hours;
3. Established experience, strong networking and
customer relationships;
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4. Business model-based risk controls that have been AKR has implemented strategic initiatives to proactively
tested across multiple business cycles; and address potential obstacles that may have impeded its
5. The Company’s strong cash position. growth in 2023. Furthermore, the Company is staying
consistent with successful strategies and business models
AKR is committed to enhancing its positive performance that have historically driven growth.
to ensure sustained profit growth. The company remains
vigilant in anticipating potential factors that could impact
its operations by actively monitoring industry trends, both
locally and globally.
Assesment Conducted by Management
AKR Management has monitored the Company’s performance throughout the year in collaboration with the Board
of Commissioners and Audit Committee. Based on the assessments and monitoring results, AKR Management has
concluded that the Company is in a strong position and possesses significant potential for ongoing growth.
Busines Development Potential
The Company maintains significant growth potential, In the industrial estate segment, JIIPE’s evolution into
especially in the petroleum segment. With a robust an ecosystem supporting government initiatives on
logistics infrastructure and the strategic partnership with downstream activities and industrialization opens up
bp for retail and aviation petroleum, the Company foresees opportunities. JIIPE aims to generate recurring income
favorable opportunities for increasing petroleum volumes for the Company by providing and enhancing world-class
across current and new market segments. utilities. Additionally, JIIPE holds promise as a hub for
cleaner and renewable energy, like gas and solar power,
Indonesia’s economic progress is anticipated to drive to cater to tenants within industrial estates and external
an uptick in purchasing power, paving the way for consumers. This strategic move not only benefits the
economic advancement. This presents an opportunity Company financially but also aligns with its sustainability
for the Company to stimulate growth in basic chemicals endeavors.
and petroleum volume. Collaboration with Asahimas
Chemicals and Petronas in the basic chemicals sector is
aimed at expanding the market and meeting the rising
demand from the mineral processing industry as more
smelters become operational in Indonesia.
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05
Business
Support
Function
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HUMAN
RESOURCES
HR is an essential part of AKR’s sustainability strategy, where the performance and contribution of each individual plays a
role in determining growth. AKR manages its human resources in an integrated manner, from recruitment, competency
development, and career planning, to remuneration systems and welfare improvement to accelerate performance and
face the various challenges and opportunities in these competitive times
General Policy of HR Management
As a leading logistics and supply chain service provider Tolerance. These principles of equality apply to every
for petroleum and basic chemicals in Indonesia, employee, helping to develop their careers and reach the
AKR continuous to strengthen our commitment to highest.
implementing a good human resources management
framework to generate excellence performance and To support employees, competency development
service. programs have been developed through recommendations
provided by respective supervisors. Career development at
The HR development process aligns with the Company’s AKR follows regulations where, periodically, the Company
Values: Entrepreneurial Spirit, Collaboration, Agility, evaluates and reviews these policies to further refine their
Reward for Performance, Empower your Team, and Zero implementation.
Human Resources Management and Development
HR management and development at AKR is carried out by the Human Resources Department, whose responsibilities
include the management and development processes, from planning to evaluating each implemented work program
Objectives of HR Management
In order to achieve business targets in the medium and 3. Ensure effective and efficient placement of resources to
long term, in 2023, the Human Resources Department achieve productivity targets.
translated HR management policies into development 4. Maximized the use of data in decision-making through
objectives, as follows: the the Human Resources Information System.
1. Prepared employees at all levels to be eligible for 5. Provided relevant technical training, especially to
promotion or to fill higher positions through targeted operational employees.
identification and preparation processes. 6. Ensured employee health and safety.
2. Ensured that the strategy is translated into Key
Performance Indicators for departments and individuals
through the Performance Management and Review
process.
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HR Management Strategies and Work Programs
The Human Resources Department develops strategies, 3. Provide training, especially to operational and safety
key initiatives, and work programs to achieve its objectives. personnel.
These are developed considering internal and external 4. Provide leadership and management training to
factors as well as the forward direction. The programs employees.
include: 5. Review HR policies.
1. Identify talent within the Company, especially 6. Maximize the use of technology in operational
during Manpower Planning, and fill vacancies due to processes such as attendance, overtime, leave, and
development or employee turnover. health administration.
2. Conduct recruitment and set targets for workforce 7. Incorporate assessments related to the implementation
fulfillment. of corporate values in performance reviews.
8. Implement a performance improvement plan to
enhance substandard employees.
Human Resources Division Performance
Human Resources Department achievements during 2023 are as follows:
1. The rate of filling internal vacancies from supervisor level and above was 23.3%.
2. Conducted Fit and Proper Tests to fill middle-level management positions.
3. Achieved efficiency in operational employee roster management, resulting in a general decrease in overtime costs
through the optimization of HRIS (Human Resource Information System) usage.
Employee Composition
By the end of 2023, the total number of company and subsidiary employees reached 1,813, a decrease of 828 employees
or 1.46% compared to 2,645 in December 2022,. Detailed information regarding the number of employees in the last two
years is as follows:
Based on Position
2023 2022
Position
Amount % Amount %
Board of Commissioners 3 0.1% 3 0.1%
Board of Directors 7 0.2% 7 0.3%
Officials at the Commissioner Level 7 0.2% 8 0.3%
Officials at the Director Level 25 0.9% 32 1.2%
General Manager – Senior Manager 59 2.1% 51 1.9%
Manager 137 4.9% 123 4.7%
Assistant Manager 148 5.3% 145 5.5%
Supervisor - Staff 937 33.3% 776 29.3%
Operator 1,490 53.0% 1,500 56.7%
Total 2,813 100.0% 2,645 100.0%
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Based on Gender
2023 2022
Gender
Amount % Amount %
Male 2,394 85.1% 2,269 85.8%
Female 419 14.9% 376 14.2%
Total 2,813 100.0% 2,645 100.0%
Based on Age
2023 2022
Age
Amount % Amount %
>56 years 65 2.3% 70 2.6%
47-55 years 359 12.8% 326 12.3%
40-46 years 502 17.8% 512 19.4%
33-39 years 687 24.4% 678 25.6%
26-32 years 776 27.6% 732 27.7%
<25 years 424 15.1% 327 12.4%
Total 2,813 100.0% 2,645 100.0%
Based on Educational Level
2023 2022
Educational Level
Amount % Amount %
Doctoral 4 0.1% 2 0.1%
Masters 100 3.6% 109 4.1%
Bachelors 912 32.4% 887 33.5%
Diploma 202 7.2% 352 13.3%
Senior High School 1,334 47.4% 1,215 45.9%
Junior High School 82 2.9% 372 2.7%
Elementary School 8 0.3% 8 0.3%
Total 2,813 100.0% 2,645 100.0%
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Highlights and Analysis
Berdasarkan Status Kepegawaian
2023 2022
Employment Status
Amount % Amount %
Permanent Employees 2,011 71.5% 1,933 73.1%
Contracted Employees 802 28.5% 712 26.9%
Total 2,813 100.0% 2,645 100.0%
Comprehensive HR Management and Development
Preparing a skilled workforce for strategic placement, such AKR uses several strategies to attract quality candidates,
as Manpower Planning, recruitment processes, education including
and training is vital. 1. Transparency in communication, providing clear
information about the work culture, job overview, and
Manpower Planning challenges of the offered position.
2. Utilizing technology in recruitment, using online
The Company has an effective and efficient number of recruitment platforms for tests and interviews.
employees, in line with business strategies and goals, 3. Collaboration with educational institutions, such
through Manpower Planning, outlining employee needs as partnering with prestigious universities to find
to support the implementation of short-term and long- candidates for the Management Trainee Program.
term strategies. 4. Offering development and training to recruited
candidates, especially for the Management Trainee
Identifying employee needs begins with budgeting based Program, to prepare them for advancement to the next
on business target plans and calculating employees level.
needed for the following year. Manpower Planning aims to 5. Leveraging technology and social media for job
evaluate the existing organizational structure, ensuring its promotions in specific locations.
relevance to the Company’s goals. 6. Utilizing references, especially for specific job groups
like engineering or ship crew.
The HR Department requires employees to fill out a form
containing job descriptions, qualifications, performance New employees are required to participate in the NEOP
indicators, and workload calculations. This form must (New Employee Orientation Program). During this, they
be approved by the HR Department and the relevant will be briefed on the Vision and Mission, background,
Division Head, and reviewed and approved by the CEO. company regulations, and information essential for new
Management plays an active role in workforce planning employees.
and evaluating replacements for resigning employees, to
evaluate synergy and efficiency in HR placement. Employees will also receive explanations about their roles
and responsibilities, performance indicators, and on-the-
Recruitment job training to quickly contribute to the Company. At the
end of the probationary period, each new employee is
AKR conducts an open and transparent recruitment required to create a Probation Report for evaluation by
process based on the its values, ensuring the right person their direct supervisor and management. The stages that
is hired for the right position. Equal opportunities are every new employee must go through in the recruitment
provided to everyone, without discrimination, based on and selection process within the company are as follows:
gender, ethnicity, race, or specific religion, as long as they 1. The Recruitment Department conducts the sourcing
meet the requirements. process, searching for candidates who match
qualifications through all available channels, including
The recruitment process for AKR employees is based e-sourcing via social media and the AKR website.
on management-validated needs. These are divided 2. In the selection stage, candidates undergo a series of
into several criteria, such as technical skills, soft skills, psychological assessments (behavioral, intelligence, and
competencies, and Company Values. To ensure all attitude) and competency-based interviews. The types
criteria are met, panel interviews are conducted by direct and stages of assessments, as well as panel interviews,
supervisors. Psychology tests and references are also are adjusted according to the required job level.
utilized to ensure the candidate’s competency.
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3. The Company also conducts document verification and Internal training aims to enhance employee competence
reference checks for employees who have successfully in terms of skills and knowledge according to their roles
passed the selection stages. After completing the and responsibilities. This training is updated every 1-2 years
verification process, candidates will undergo a Medical with content that ensures employees receive the latest
Check-Up. Once declared fit for work, employees will knowledge regarding Standard Operational Procedures
proceed with the job offer process and the signing of (SOP) and Working Instructions.
the employment agreement.
External Mandatory Training (TME) is compulsory
Recruitment of Future Human Resources for specific roles/functions, especially for leaders in
operations, to meet national competency standards.
In 2023, AKR continued several fundamental Learning For this, AKR collaborates with Certification Institutions
& Development programs to support HR in carrying out that conduct competency tests in conjunction with
their tasks. One of these is the Management Trainee (MT) the National Professional Certification Agency (BNSP),
Program, designed as an acceleration path for middle the Ministry of Manpower (Kemenaker), the Ministry of
management within a period of 1-2 years. Within 3-5 years, Land Transportation (Kemenhubda), and the Ministry of
it is expected that MT participants will be ready to assume Maritime Affairs (Kemenhubla).
department head positions.
In addition to technical training programs, the Company
The Management Trainee (MT) Program, aimed at also provides special training in leadership competency
outstanding graduates from various public and private development for Division and Department Heads.
universities, provides comprehensive knowledge about Determination of other types of training is decided by the
AKR’s business, covering both technical and non-technical Board according to the talent development program.
aspects. MT participants receive technical training that
includes an overview of AKR, business processes, product Based on the above explanation, the Human Resources
knowledge, and technical operations to prepare them so Department has categorized the training program into
that they are ready to perform their assigned roles and several categories as follows:
functions. • New Employee Induction Program
The NEOP (New Employee Orientation Program), covers
The Management Trainee program includes classroom topics such as Company Profile, Vision and Mission,
and on-the-job training, directly supervised by the Director Corporate Values, Organizational Structure, Company
or Division Head to ensure that the learning process meets Regulations, and Good Corporate Governance. In
the highest standards. MTs are also given special projects addition, employees receive briefings from relevant
aimed at developing their understanding of Standard divisions regarding the tasks they will be undertaking.
Operating Procedures (SOP) and company targets. This program is mandatory for new employees at all
levels of employment.
By the end of 2023, the company had recruited a total of 22 • Leadership Training for Middle Management
individuals out of 74,067 applicants (***total for MT Batch 1 This is aimed at Division Heads and Department Heads
and Batch 2). with the goal of enhancing their situational leadership
skills, where a leader adjusts their leadership style to the
Education and Training development level of their team members.
• Technical Training
Quality human resources are crucial to achieving goals and Technical training equips participants with knowledge
targets. Therefore, AKR implements planned education and skills, including Tank Terminal, Warehouse
and training programs for employees at every level to Management, Land Transport, Retail Operations,
shape excellent and competent human resources that can Distribution Planning, and SHE (Safety, Health, and
work actively and efficiently to enhance productivity and Environment). The target is to achieve 6 Zero (zero
maturity. fatalities, zero potential fatalities, zero product quality
accidents, zero lost time injuries, zero spillage, and
The Company has set targets for Mandatory Internal and zero cross over). Technical training is delivered by
External Training, including safety and technical training. internal instructors and is intended for all employees
Training programs for employees are determined in in operational roles. Examples of Technical training
collaboration with the relevant Division Heads and are includes Safety Operations in Tank Terminals, Safety
documented in a training matrix based on each employee’s Operations in Warehouses, Permit to Work, Risk
job role or function. Internal trainer-conducted Mandatory Assessment, Lock Out Tag Out, Defensive Driving
Internal Training (TMI) is compulsory for all employees Course, Material Safety Data Sheets, etc.
in Terminals, Warehouses, Retail Operations, and Land
Transport.
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• Mandatory Training Management continuously implements training
This is carried out in collaboration with external programs to enhance employee knowledge, skills, and
training institutions qualified to issue certifications attitudes, covering both hard and soft skills. Throughout
by the Ministry of Land Transportation (Kemenubda) 2023, the Company incurred expenses of Rp1,187,257,448
and the Ministry of Maritime Affairs (Kemenhubla), for education and training programs, showing an increase
as well as the National Certification Agency (BNSP) in compared to the previous year’s Rp1,161,692,135.
accordance with their competency fields. Examples of
Mandatory Training include Oil Spill Response Training, The company has provided various training and
Loading Master, Basic First Aid, Fire Fighting, B3 Driver competence development programs organized by
Certification, and others accredited institutions internally and externally, and
details include:
2023
Employees Training Number of Training
Participant Duration
New Employee Orientation Program (NEOP) 195 585
Soft Skill 26 432
Safety Training 1,689 17,312
Technical Training 313 2,784
Product Knowledge 2 24
New Employee Training cross-check achievements according to the timeline. If
any deviations are identified in implementation, corrective
Adequate orientation and training for new employees measures will be promptly taken to ensure compliance
accelerates their contribution. Therefore, the strategy with the planned course.
focuses on accelerating the learning process through an
effective Onboarding program. Special Training for New Drivers
The Onboarding program is designed as a three-month A one-month Onboarding program has been designed to
learning initiative for new employees, with the primary provide basic preparation. The goal is to prepare new drivers
goal of preparing them to understand and achieve the Key with knowledge of the truck to be driven, the products
Performance Indicators (KPIs) and work targets that have to be transported, product handling techniques, and
been set. This program includes basic information such defensive driving techniques. The successful application of
as specific KPIs for the role, learning targets during the these techniques is verified through in-cabin assessments.
probation period, and work targets to be achieved during In-cabin assessment is an evaluation conducted on
that period. new drivers while driving within a certain distance. This
evaluation includes:
As part of the onboarding process, immediate supervisors • Application of defensive driving techniques
act as mentors, delivering important materials that must • Basic driving principles: Observe, Understand, and
be mastered by new employees. The success of this Comply
program is measured by the employees’ completion of the • Traffic signs
probation review. • Good and proper driving knowledge
During the probation period, the Recruitment and Training If the in-cabin assessment meets the established
Department conducts monthly reviews to monitor learning standards, then new drivers are given the opportunity to
progress in line with the set work targets. This aims to perform solo driving, delivering products to customers
independently.
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Employee Performance Evaluation
Employee performance evaluation is conducted based on Final evaluation is conducted at the end of the year, where
the Key Performance Indicators (KPIs) established at the employee performance is objectively measured and
beginning of the year for each employee. The performance assessed. The results of this evaluation serve as the basis
monitoring process is carried out periodically by direct for decision-making regarding reward programs, career
supervisors to assess the achievement of the set KPIs. development, training, and retention strategies to achieve
the Company’s goals.
Setting Work Targets (KPIs)
All employees are required to be aware of Individual Work Targets,
encompassing both Performance and Competence or other assigned
priorities.
Performance Monitoring (by Supervisor)
Supervisors regularly monitor all subordinates’ tasks to measure
performance achievements in line with the pre-established KPIs
Performance Evaluation
The final performance results are evaluated at the end of the year to
obtain an assessment of each employee’s work for further processing by
HR.
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Highlights and Analysis
Internalizing Company Values
The Company builds and instills its values to be an 2. Performance appraisal
inseparable part of an employee’s activities, providing Company Values were incorporated as criteria in the
guidance related to Company Values that are linked to employee performance appraisal process in 2023 to
daily activities in a measurable way. Several internalization help employees understand how their contributions
programs were implemented in 2023, including: directly align with achieving organizational goals.
1. Newsletter 3. Management communication
The newsletter is considered an effective Effective management communication is crucial for
communication instrument to instill Company Values. It instilling Company Values. Management reinforces
allows direct communication with employees, focusing the values through Director’s Messages or other
on themes that depict Integrity, Collaboration, Reward communication approaches.
for Performance, and other values. The Newsletter also
serves to disseminate information about employee
training, development programs, and Corporate Social
Responsibility (CSR) initiatives.
Industrial Relations
An Industrial relations policy is needed to ensure business 2. The Company has policies regarding employee grading
sustainability. Its goal is to create a conducive work climate, and adjusts competitive wage levels with the labor
build pride among employees, and maintain a positive market.
reputation. 3. Wage adjustments and rewards are tailored to the
Company’s condition and the performance of each
Harmonious relations between AKR and employees are individual.
a key factor in ensuring improved working conditions, 4. For outsourced employees limited to the cleaning
productivity, competitiveness, and work quality. AKR sector, the Company ensures wage levels comply with
recognizes that the Company and employees are a applicable legislation.
unified entity, thus the Company strives to uphold
healthy industrial relations between the Company and all Health Programs
employees.
The company organizes health programs such as annual
To encourage efforts, the Company runs well-being Medical Check-Ups (MCUs) and health campaigns
improvement programs, including health programs, conducted by professional doctors. These aim to help
pension programs, employee remuneration, etc. employees identify potential health issues and enable
management to prioritize important aspects in creating a
Employee Well-being healthy work environment.
The company is fully committed to improving the well- In 2023, the company allocated funds of Rp1,175,023,000 for
being of its employees, ensuring the fulfillment of all the MCU program. The Company also conducted additional
normative employee rights in accordance with applicable tests to identify the risk of diabetes in high-risk employees,
laws. During the pandemic period, employee salaries facilitating the management of their conditions.
and benefits were maintained without reductions.
Furthermore, as a form of appreciation for employee Moreover, to enhance employee safety, the environment,
performance, annual bonuses are available, based on and the products they handle, the Company requires
criteria set by management. all drivers to undergo a Fit To Work examination before
performing their duties each day. In an effort to increase
Employee welfare follows these steps: overall awareness and well-being, the Company provides
1. The Company follows government regulations health education for all employees through regular
regarding minimum wage, overtime calculations, newsletters every three months and health posters,
and matters related to employee welfare such as
Employment Social Security (BPJS Ketenagakerjaan)
and Health Social Security (BPJS Kesehatan).
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06
Corporate
Governance
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CORPORATE GOVERNANCE ACHIEVEMENT
84.45
Based on the 2020 Annual Report
Rated as “Good” or Level 3 (80-90)
Scores significantly above the BigCap100 average score
points (73.63) and mid cap (65.38)
Scores for each principle (in points)
8.09 31.38
Shareholder Rights Board of Commissioners’ Responsibilities
7.69 23.43
Equal Treatment of Shareholders Disclosure and Transparency
13.84 26.0
Stakeholder Role ESG Sustainalytics as of September 2023
maintained at Medium Risk
ESG SnP Global as of November 2023 increased to 34, above industry average
AKR continuous to be a constituen of the following stock/ESG indices
Index LQ 45 IDX 30 Investor 33 Bisnis 27
ESG Quality 45 IDX KEHATI ESG Sector Leaders IDX KEHATI IDX LQ45 Low Carbon Leaders
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1 2 3 4 5
6 7 8 9 10
Awards
1. Indonesia Best Business Transformation 2023 Top 6. Indonesia Best 20 Corporate Secretary in Trading &
4 with a score of 91.08, rated Excellent by SWA Distribution from The Iconomics
Magazine
7. High Dividend & High Market Capitalization based
2. TRANSPARENCY Corporate Emissions Calculation on Tempo Index from IDN Financials 52
2023 Platinum Category from BGK Foundation
8. Living Legend Company in Managing Collaborate
3. Indonesia Excellence GCG Awards 2023 - AKRA Stakeholders & Business Trends to Develop Strategic
Managing a High Level of Company Performance in Resilience Category Platinum from Warta Ekonomi
GCG Ethics, from Warta Ekonomi
9. 1st Best Indonesia GCG 2023, Open Company
4. Top 50 Big Capitalization Public Listed Company Category – Wholesale (Assets Rp1 trillion – 5 trillion)
2023 from IICD from Economic Review
5. Indonesia Top 20 GCG Awards 2023 in Trading & 10. 1st Best Indonesia Enterprise Risk Management 2023,
Distribution from The Iconomics Open Company Category - Wholesale (Assets Rp1
trillion – Rp5 trillion) from Economic Review
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AKR consistently promotes culture, strengthening b. Approval of the plan for the use of net profit for the
corporate governance to provide sustainable added value fiscal year ending on December 31, 2022.
for stakeholders including shareholders, employees, c. Appointment of an Independent Public Accountant
consumers, suppliers, business partners, regulators, and Firm to audit the Company’s books for the fiscal year
the public. In order to realise best, AKR continues to make ending on December 31, 2023.
improvements and refinements in structures, processes, d. Changes in the composition of the Board of
and mechanisms. Periodically, the Company reviews the Commissioners.
compliance of corporate governance implementation with e. Determination of honorarium and other allowances
applicable international and national standards including for members of the Board of Commissioners, as well
the ASEAN Corporate Governance Scorecard, POJK No. 21/ as salaries and other allowances for the Directors.
POJK.04/2015, and the General Guidelines for Corporate 2. Distributed dividends three times on May 24, 2023, for
Governance in Indonesia (PUGKI) for 2021 issued by the the Final Dividend 2022 dividends, on August 16, 2023,
National Committee on Governance Policy (KNKG). for the 2023 interim dividends I, and on November 15,
2023, for the second interim dividends of 2023.
The Company instills good corporate governance among 3. Issued a policy on reporting ownership of AKRA shares
Company personnel through socialization, education, and and any changes held by the Directors and members of
training. The Company also promotes the integration of the Board of Commissioners on September 8, 2023. This
corporate governance as part of the culture and operational policy is used to strengthen insider trading prevention
activities, including interactions with external parties. within the Company.
4. Issued a Human Rights policy to protect all employees.
Corporate governance activities carried out in 2023 are as 5. Issued a policy on health, safety, security, and
follows: environment to strengthen commitment to
1. Conducted the Annual General Meeting on April 28, environmental and occupational safety issues.
2023, which approved several matters as follows: 6. Updated the Company’s Code of Ethics in accordance
a. Approval and ratification of the Board of Directors’ with the latest governance guidelines and sustainability.
Report on the Company’s performance and 7. Conducted a socialization of the latest code of ethics to
financial administration for the fiscal year ending on all AKR BU employees, including branch offices, followed
December 31, 2022. by the signing of integrity pacts by 1,654 employees.
COMMITMENT TO CORPORATE
GOVERNANCE IMPLEMENTATION
In order to maintain business continuity and operations, AKR ensures that every Personnel performs its duties
the Company strengthens its commitment to improving and functions in accordance with the Company’s policies,
and implementing quality good corporate governance and applicable laws and regulations. The Company
standards. AKR realizes that this drives excellent is committed to ensuring that the implementation
performance, protecting interests, and adds value to all of governance is in line with the standards that apply
stakeholders. generally in the business world.
Basis for the Implementation of Corporate Governance
The implementation of corporate governance at AKR is 5. OJK Regulation No. 33/POJK.04/2014 concerning the
guided and based on: Board of Directors and Board of Commissioners of
1. Law of the Republic of Indonesia No. 40 of 2007 Issuers and Public Companies;
concerning Limited Liability Companies; 6. General Guidelines for Corporate Governance in
2. Law of the Republic of Indonesia No. 8 of 1995 concerning Indonesia (PUGKI) for the year 2021 issued by the
Capital Markets; National Committee on Governance Policy (KNKG);
3. Financial Services Authority Regulation (OJK) No. 21/ 7. ASEAN Corporate Governance Scorecard (ACGS) issued
POJK.04/2015 concerning the Implementation of by the ASEAN Capital Market Forum (ACMF); and
Guidelines for Public Company Governance; 8. Indonesian Corporate Governance Roadmap issued by
4. OJK Regulation No. 32/POJK.04/2014 concerning the the Financial Services Authority.
Plan and Implementation of General Meetings of
Shareholders of Public Companies (POJK 32/2014);
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Principles of Corporate Governance Implementation
The principles set by the Company refer to the General As an effort to maintain sustainability, the implementation
Guidelines for Corporate Governance in Indonesia of corporate governance is updated and adjusted to
(PUGKI) for 2021. PUGKI 2021 is an update from PUGKI reflect the Company’s condition. The implementation of
2019 and a manifestation of the pillars of Ethical Behavior, corporate governance pillars at AKR is described as follows:
Accountability, Transparency, and Sustainability.
Ethical Behavior Accountability Transparency Sustainability
Principle Explanation of Basic Principles Fundamental Implementation Guidelines
Ethical Behavior Corporations prioritize honesty, treat all • Access to information and opportunities for
parties with respect, fulfill commitments, stakeholders to provide input and express
and consistently build and maintains moral opinions for the benefit of the Company are
values and trust. This considers the interests provided.
of shareholders and other stakeholders based • The Company provides fair and equitable
on the principles of fairness and equality and is treatment to stakeholders according to the
managed independently so that each corporate benefits and contributions they provide.
organ does not dominate and cannot be • The Company also provides equal
intervened by others. opportunities in recruitment and career
advancement without discrimination based
on ethnicity, religion, gender, and physical
condition.
Accountability Corporations can be held accountable for their The Company can account for its performance in
performance reasonably and transparent. For a transparent and fair manner throught propper
this reason, companies must be managed management of the company in accorandce
properly, measurably, and in line with corporate with the interest of the company while taking
interests while also taking into account the into account the interest of shareholders and
interests of shareholders and stakeholders. others stakeholders.
Accountability is a necessary prerequisite to
achieving sustainable performance.
Transparency To maintain objectivity in conducting business, • The company provides material and relevant
corporations provide material and relevant information in an easily accessible and
information in an easily accessible and understandable manner for stakeholders.
understandable manner for stakeholders. • The company discloses matters required
Corporations take the initiative to disclose by regulations and important issues for
not only issues required by regulations but shareholders and stakeholders.
also matters crucial for decision-making by
shareholders, creditors, and other stakeholders.
Sustainability Corporation should comply with regulations The Company complies with regulations and
and be committed to fulfilling responsibilities fulfills responsibilities towards society and the
towards society and the environment to environment, thereby ensuring long-term
contribute to sustainable development through business sustainability and recognition as a
collaboration with all relevant stakeholders good corporate citizen.
to enhance their lives in a manner aligned
with business interests and the Sustainable
Development Agenda.
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In addition to these pillars, the Company also implements committed to adding value by meeting customer needs,
8 (eight) principles of Corporate Governance, including: serving as an extension of suppliers, conducting business
1. Roles and responsibilities of the Board of Directors and in accordance with regulations, and providing profits and
Board of Commissioners. benefits to shareholders and employees.
2. Composition and remuneration of the Board of
Directors and Board of Commissioners. Adapting to ever-changing industry dynamics, AKR
3. Working relationship between the Board of Directors continues to grow sustainably with success in adapting
and Board of Commissioners. and transforming driving consistent performance
4. Ethical behavior. improvement across various phases. To maintain the
5. Risk management, internal control, and compliance. achievement of its goals and objectives, AKR strives to
6. Disclosure and transparency. remain relevant to changes.
7. Shareholder rights.
8. Stakeholder rights. The Corporate Secretary plays a crucial role in driving
transformation. Through the Corporate Secretary
For over six decades, AKR has contributed to driving the department, information related to regulations and
economy as a leading logistics and supply chain service business scope developments is communicated within
provider, facilitating the trade of essential and critical the organization. Subsequently, actions taken following
products for various industries. The Company remains these changes are communicated back to stakeholders
Objectives of Corporate Governance
The company implements corporate governance to 3. Ensuring corporate organs formulate independent
achieve primary objectives, including: decisions based on moral values and a commitment to
1. Optimizing the potential and value of the Company compliance with regulations.
and its people to maintain strong competitiveness 4. Promoting corporate awareness of responsibilities to
and uphold integrity and credibility in the eyes of all stakeholders and the safety, health, and sustainability
stakeholders. of the environment around the Company.
2. Ensuring professional, efficient, and effective 5. Encouraging the creation of benefits in every operational
management while empowering the functions of area and business field.
corporate organs.
CORPORATE GOVERNANCE
FRAMEWORK
AKR realizes its commitment to implementing best practices in corporate governance through a governance framework
with details as follows:
Corporate Governance
Corporate Governance Process Corporate Governance Results
Structure
• Main Organs • Fulfillment of Shareholder Rights • Maximizing the Company’s Value.
• Supporting Organs and Equal Treatment for All • Enhancing the Company’s Competitiveness.
• Infrastructure Shareholders. • Promoting Transparent and Efficient
• Fulfillment of Stakeholder Rights. Company Management.
• Execution of Duties and • Encouraging Corporate Organs to Operate
Responsibilities. with High Moral Values and Compliance with
• Transparency of the Company’s Regulations.
Financial and Non-Financial • Controlling and Directing Relationships
Condition. among Company Organs.
• Promoting Awareness of Corporate Social
Responsibility towards Stakeholders.
• Increasing Market Trust to Drive Investment
and National Economic Growth.
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CORPORATE GOVERNANCE
STRUCTURE
Based on Law No. 40 of 2007 concerning Limited Liability 2. Board of Commissioners
Companies, the corporate governance organs consist of The Board of Commissioners is tasked with general
the General Meeting of Shareholders (GMS), the Board and/or specific supervision according to the Articles
of Commissioners, and the Board of Directors. These are of Association, and providing advice to the Board of
fundamental in setting the Company’s vision, mission, Directors.
and achievements. Therefore, it is important to maintain Supporting Organs:
synergy and harmony. a. Audit Committee;
b. Nomination and Remuneration Committee.
Forming corporate governance organs supports the 3. Board of Directors
implementation of structured and systematic principles. The Board of Directors is authorized and fully responsible
Each organ must understand its functions and duties for managing the company in accordance with its
clearly as stipulated in the Articles of Association and purposes and objectives, and represents the Company,
relevant regulations. as stipulated in the Articles of Association.
1. General Meeting of Shareholders (GMS) Supporting Organs:
The GMS has authority not granted to the Board a. Corporate Secretary;
of Directors or the Board of Commissioners within b. Internal Audit;
the limits specified in the law and/or the Articles of c. Investor Relations.
Association.
The presence of these supporting organs is part of a clear
division of authority in effectively implementing Good
Corporate Governance (GCG).
Governance Structure
General Meeting of Shareholders
Nomination and Remuneration
Committee
Board of Commissioners
Audit Committee
ESG Committee
Board of Directors
Investor Relation Corporate Secretary Internal Audit
To support the implementation of corporate governance, Corporate governance policy instruments determined by
AKR has established a set of policies agreed upon by the AKR include:
Board of Commissioners and the Board of Directors. These 1. Company’s Articles of Association;
govern the implementation of working relationships 2. Guidelines for the Board of Directors and the Board of
among all organs, in accordance with the provisions of the Commissioners;
Articles of Association and/or applicable regulations and 3. Charter of the Audit Committee;
laws. 4. Charter of Internal Audit;
5. Charter of the Nomination and Remuneration
Committee;
6. Risk Management Policy;
7. Whistleblowing System & Anti-Corruption Policy; and
8. Code of Ethics.
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CORPORATE GOVERNANCE
MECHANISMS
Corporate governance mechanisms are established on AKR internalizes corporate governance culture to all
the principle of equality to regulate each Company organ personnel in every business and operational activity. The
to act according to its function and role. The Board of Company has three main focuses on corporate governance
Commissioners performs oversight functions assisted implementation, outlined as follows:
by the Audit Committee and the Nomination and
Remuneration Committee, while the Board of Directors
manages its functions through the Internal Audit Unit,
Corporate Secretary, and Investor Relations.
Compliance Confidence Transparency
Compliance with Good Corporate The cultivation of an optimistic The Company prioritizes the
Governance in all aspects, including and confident attitude where the principle of transparency and
the implementation of corporate Company always strives to provide consistently provides the all
policies. the best for all stakeholders. necessary information for investors.
The Company makes efforts to uphold the principles of corporate governance through internalization for all employees
in all business processes and exposure to external parties through information dissemination activities. The details are as
follows:
Internalization of the Company External Exposure of the Company
• Procurement Procedure • Investor Relations Activities (quarterly briefings,
• Employee Selection Procedure investor presentations, conferences, roadshows, special
• Admission Procedure meetings attended by investors and analysts).
• Reporting Procedure • Annual Public Presentations.
• Marketing Procedure • Submission of information disclosure to Financial
Services Authority and Indonesia Stock Exchange.
• Regular updating of the Company’s website (www.akr.
co.id).
• Periodic dissemination of information through news
releases to social media.
Results of Corporate Governance Implementation in 2023
The Company’s commitment to implementing 3. Investor confidence in AKRA’s shares is reflected in the
comprehensive corporate governance has driven AKR 2023 market capitalization increase and a 27% increase
to conduct business efficiently and responsibly while in stock price.
creating positive impacts for all stakeholders. The results of 4. Increased number of investing the JIIPE Gresik Special
corporate governance implementation throughout 2023 Economic Zone.
include: 5. AKRA’s stock trading activities have proceeded
1. In the past 5 (five) years, AKR’s net profit has consistently smoothly, and the Company has not received any
grown at a rate of 31% CAGR. warnings from regulators and exchanges.
2. AKR has maintained its position in major ESG indices of 6. Opportunities for new business growth for AKR.
the Indonesia Stock Exchange. 7. Increased employee awareness of the Company’s
culture, human rights, and workplace and
environmental safety protection.
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ASSESSMENT OF CORPORATE
GOVERNANCE IMPLEMENTATION
AKR conducts assessments of corporate governance implementation both independently (self-assessment) and in
collaboration with third parties to obtain more independent assessment results.
Self-Assessment
AKR conducts self-assessment of corporate governance The Corporate Secretary and Investor Relations gather
implementation in accordance with the provisions of relevant data and information to conduct self-assessment
Financial Services Authority Regulation (POJK) No. 21/ on the adequacy and effectiveness of corporate
POJK.04/2015 regarding the Implementation of Guidelines governance implementation. Various findings serve as
for Public Company Governance. The assessment is carried benchmarks for AKR to follow up on recommendations to
out systematically and comprehensively through various enhance governance quality within the Company.
aspects, namely structure, process, and outcomes.
1. Governance Structure AKR reviews existing findings and their follow-ups from
The Company evaluates the adequacy of the governance internal and external parties, including the Board of
structure and infrastructure in producing outcomes Commissioners, Board of Directors, Corporate Secretary,
that meet the expectations of stakeholders. Human Resources, Internal Audit, and ESG Committee, as
2. Governance Process well as various findings from shareholders, rating agencies,
The Company assesses the effectiveness implementing the community, media, etc.
governance principles supported by adequate structure
and infrastructure to produce outcomes that meet The Company receives recommendations and follow-ups
stakeholder expectations. from several stakeholders regarding the implementation
3. Governance Outcomes of corporate governance, including:
The Company evaluates the quality of governance
outcomes to determine whether the governance
structure and process have been executed properly and
meet stakeholder expectations.
Recommendations Follow-up
Building awareness among AKR personnel about 1. Renewing the Company’s Code of Ethics and
corporate governance and the importance of socializing it to all AKR stakeholders;
sustainability values. 2. Creating a Human Rights Policy and socializing it;
3. Formulating Health, Safety, Security, and
Environmental policies, then socializing them.
Ensuring reporting of share ownership by Directors/ Creating a stock ownership reporting policy to
Board of Commissioners in compliance with applicable strengthen insider trading prevention.
regulations.
Motivating all AKR personnel to engage in monitoring Socializing a whistleblowing system that can be used by
the implementation of governance within the Company. all Company stakeholders.
Ensuring Directors and Board of Commissioners always Providing updates to the Board of Directors and Board
prioritize corporate governance principles. of Commissioners on the latest governance guidelines
and sustainability standards referenced by investors/
shareholders.
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External Assessment
The ASEAN Corporate Governance Scorecard (ACGS) is a 2. Equal treatment among shareholders;
standard for assessing corporate governance practices 3. Shareholder roles;
based on the principles of the Organization for Economic 4. Information disclosure and transparency;
Cooperation and Development (OECD) Corporate 5. Responsibilities of the Board of Commissioners and
Governance issued by the ASEAN Capital Market Directors.
Forum. AKR conducts internal assessments of corporate AKR obtained a score of 84.45 for the assessment of the
governance practices based on ACGS criteria and includes 2020 Annual Report and the Company’s website. This
external parties to encourage objectivity in the quality of ACGS assessment was obtained from the Indonesian
corporate governance implementation. Institute for Corporate Directorship (IICD) and PT RSM
Indonesia Consultant.
The latest ASEAN CG Scorecard assessment consists of 4
(four) evaluation aspects, namely: The results of the IICD assessment are as follows:
1. Shareholder rights;
Parameter Score
Shareholder rights 8.09
Equal treatment among shareholders 7.69
Shareholder roles 13.84
Information disclosure and transparency 23.43
Responsibilities of the Board of Commissioners and Directors 31.38
Total Score 84.45 (Level 3: Good)
Based on assessments, the implementation of corporate The company continues to strengthen its commitment
governance has exceeded compliance with minimum to implementing corporate governance and strives to
requirements and adopted international standards meet best practices in corporate governance principles
indicated by ACGS. AKR’s total score is far above the according to the ASEAN CG Scorecard. The comprehensive
average score of BigCap100 at 73.63 and mid-cap at 65.38 results of the ACGS assessment can be viewed and
for ACGS 2021. downloaded directly at https://www.akr.co.id/gcg/asean-
scorecard.
ANNUAL GENERAL MEETING
OF SHAREHOLDERS
The Annual General Meeting of Shareholders (AGM) is the The AGM is a forum for shareholders to decide on important
highest organ in the organizational structure with rights matters related to the sustainability of the Company and
and authorities not held by the Board of Commissioners to exercise their rights to express opinions and obtain
and Directors within the limits of statutory regulations and information. Decision-making at the AGM is done fairly and
the Company’s Articles of Association. The AGM has the transparently through deliberation or voting mechanisms
authority to report on the accountability of the Board of of attending shareholders or their valid representatives as
Commissioners and Directors regarding the management stipulated.
of the Company, amend the Articles of Association, appoint
and dismiss Directors and/or Commissioners, decide on The Company also ensures the interests of all minority
the division of duties and authorities of management shareholders in decision-making and in presenting
among the Directors, and others. constructive ideas and suggestions. In this regard,
there are specific mechanisms involving Independent
Commissioners who do not represent the interests of
certain majority shareholders.
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The AGM is held in accordance with the provisions and The Investor Relations Department actively sends
Articles of Association of the Company, consisting of: invitations to encourage shareholders to attend the EGM,
• Annual General Meeting of Shareholders (AGM) held and Investor Relations also collaborates with third parties
every year; and such as ISS Research to obtain initial shareholder votes.
• Extraordinary General Meeting of Shareholders (EGM)
held as needed when requested by the Board of
Directors upon a written request from the Board of
Commissioners/shareholders.
Authority of the AGM
The AGM has authority, among others, to: 5. Approve decisions necessary to safeguard the
1. Appoint, dismiss, and/or replace members of the Board Company’s long-term and short-term business interests
of Directors taking into account recommendations from in accordance with statutory regulations and/or the
the Board of Commissioners and/or the Nomination Articles of Association.
and Remuneration Committee. 6. Approve the determination of salaries and other benefits
2. Appoint, dismiss, and/or replace members of the Board of for members of the Company’s Board of Directors as
Commissioners taking into account recommendations well as honorariums and other benefits for members of
from the Nomination and Remuneration Committee. the Company’s Board of Commissioners.
3. Approve the Annual Report including the endorsement 7. Determine the appointment of Independent Public
of the Financial Statements and the supervisory tasks Accountants to conduct the Company’s financial audit.
of the Board of Commissioners in accordance with 8. Approve changes to the Company’s Articles of
statutory regulations and/or the Company’s Articles of Association in accordance with applicable regulations.
Association. 9. Make decisions through a fair, transparent, and
4. Approve the use of the Company’s net profit. accountable process.
10. Implement Good Corporate Governance in accordance
with its authority and responsibilities.
AGM Procedure
The procedures for conducting the AGM are regulated in 5. Shareholder participation in the meeting can be done
the Company’s Articles of Association and are guided by through either a) physically attending the meeting, or
POJK No. 10/POJK.04/2017 which has been updated with b) attending the meeting electronically via the eASY.
OJK Regulation No. 15/POJK.04/2020, including: KSEI application.
1. Notification of the planned meeting will be sent to the 6. As a preventive measure and/or to prevent the spread
Financial Services Authority (OJK) by the Company by of COVID-19, the Company urges shareholders to
letter. attend electronically or grant proxy with the following
2. Announcement and summons for the General Meeting mechanisms:
of Shareholders will be communicated by the Company a. Shareholders with shares held in KSEI’s Collective
through the Indonesia Stock Exchange website, eASY. Custody can electronically grant proxy to an
KSEI, and the Company’s website. independent representative appointed by the
3. The Company does not send separate invitation letters Company through the eASY.KSEI application
to shareholders, thus the advertisement serves as the (e-proxy) at the latest 1 (one) working day before the
official invitation. meeting date.
4. Shareholders eligible to attend or be represented at the b. Shareholders with shares not held in KSEI’s Collective
GMS are: Custody or in physical form can grant proxy to BAE.
a. For shares not held in the Collective Custody of Shareholders can download the Power of Attorney
the Company’s shareholders or authorized by the form on the Company’s website www.akr.co.id. The
Company’s shareholders whose names are validly original power of attorney must be submitted directly
recorded in the Company’s Shareholder List. or via registered mail to PT Raya Saham Registra.
b. For shares held in Collective Custody: Company 7. Before entering the meeting room, shareholders or
shareholders or authorized by the Company’s their proxies physically present at the meeting are
shareholders whose names are recorded in accounts required to:
or Custodian Banks at PT Kustodian Sentral a. Have a COVID-19 vaccination certificate
Efek Indonesia (KSEI). Shareholders with KSEI with complete doses proven through the
custody accounts must provide a list of Company PeduliLindungi application and scan the QR code
shareholders managed by them to KSEI to obtain of the PeduliLindungi application upon entering the
Written Confirmation for the GMS (KTUR). meeting building.
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b. Have a Certificate of Rapid Antigen Test or PCR Swab 8. The Company provides meeting materials for each
Test for COVID-19 with negative results obtained agenda that can be downloaded through the
from a hospital doctor, community health center, or Company’s website www.akr.co.id, from the date
clinic with sample collection dated 1 (one) day before of meeting invitation until the meeting is held. The
the meeting is held. Company does not provide materials in hardcopy form
c. Register by submitting a photocopy of the Collective at the meeting.
Share Certificate and a photocopy of the Identity Card 9. The AGM makes final decisions based on deliberation
(KTP) or other valid identification to the Company’s for consensus, but if consensus cannot be reached,
BAE officer. For Company shareholders in Collective valid decisions are made through e-voting with a total
Custody, it is mandatory to bring a KTUR Letter exceeding ½ (half) of the total votes.
which can be obtained through Exchange Members 10. Each participant has the right to express opinions
or Custodian Banks. and/or ask questions and vote on each agenda either
d. For Company shareholders in the form of legal electronically or directly.
entities such as limited liability companies, 11. Summary minutes of the meeting will be conveyed
cooperatives, foundations, or pension funds, they through the IDX website, eASY.KSEI, and the Company’s
must bring a photocopy of their complete Articles of website within 2 (two) working days after the meeting.
Association. 12. To facilitate the organization and orderliness of the AGM,
e. Adhere to the rules and procedures for reducing the shareholders or their proxies are respectfully requested
spread of COVID-19 referring to the health protocols to be present at the meeting venue 30 (thirty) minutes
issued by the government and Building Management before the AGM begins.
to ensure the meeting can be conducted safely and
efficiently.
Shareholder Rights in the AGM
The Company has regulated shareholder rights in the AGM 3. Shareholders or their proxies have the right to ask
in accordance with the applicable provisions as follows: questions and/or express opinions/responses regarding
1. Shareholders have the right to attend the AGM either the AGM agenda and other matters related to the
personally or represented by proxy. Shareholders relevant AGM agenda before decision-making takes
entitled to attend the AGM are those whose names place.
are recorded in the Company’s Shareholder List 1 (one) 4. Shareholders have the right to vote at the AGM.
working day before the AGM notice. Each share entitles its holder to cast 1 (one) vote. If a
2. Shareholders have the right to obtain information on shareholder holds more than 1 (one) share, they are only
the AGM agenda and related materials as long as they required to vote once, and their vote represents all the
do not conflict with the Company’s interests. shares they own or are represented by.
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THE 2023 ANNUAL GENERAL MEETING
Annual General Meeting
AKR held its Annual General Meeting on April 28, 2023, in a hybrid format - physically and online, attended by the Board of
Commissioners, Board of Directors, Shareholders/Shareholders’ Proxies, and representatives from supporting institutions/
professions in the Capital Market. The decisions of the meeting were recorded in Deed No. 46 executed before Notary
Aulia Taufani, S.H, a Notary in Jakarta.
The Process for an Extraordinary General Meeting of Shareholders
Date Friday, 28 April 2023
Time 09.14 AM to 11.01 AM WIB
Venue AKR Gallery West, Meeting Room Floor P2, Jl. Panjang No.5, Kebun Jeruk, Jakarta Barat 11530,
Indonesia.
Attendees Board of Commissioners
1. Soegiarto Adikoesoemo* President Commissioner
2. I Nyoman Mastra Commissioner
3. Mohamad Fauzi Maulana Ichsan Independent Commissioner
Board of Directors
1. Haryanto Adikoesoemo President Director
2. Jimmy Tandyo Director
3. Bambang Soetiono Soedijanto* Director
4. Mery Sofi Director
5. Suresh Vembu Director
6. Nery Polim Director
7. Ter Murti Tiban Director
*) Attended via teleconference on the Electronic General Meeting System (“eASY.KSEI”).
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The Process for an Extraordinary General Meeting of Shareholders
Shareholders present in person/through proxy
16,693,420,654 shares (84.57859%) were present at the Meeting out of a total of 19,737,169,600 shares
(total outstanding shares minus the amount of treasury stock of 336,305,000 shares).
This calculation is based on the Company’s Shareholder List as of April 5, 2023.
Supporting Institutions & Professions in the Capital Market:
1. Notary Aulia Tufani, S.H (appointed by the Company to prepare the Meeting Minutes).
2. Mr. Sapto Budi and Ms. Lusiany Lugina from PT Raya Saham Registra (Securities Administration
Bureau appointed by the Company).
3. Mr. Benyanto Suherman, from the Public Accounting Firm “PURWANTONO, SUNGKORO & SURJA” (a
member firm of Ernst & Young Global Limited).
4. Legal Consultant, Mr. Antonius Setianto SH., LL.M., from Makes & Partners Law Firm.
The Stages of an Extraordinary General Meeting of Shareholders
Notification of March 14, 2023
Extraordinary General
Meeting of Shareholders The Company has notified the Financial Services Authority (OJK) of the Meeting agenda
to OJK through letter Number 009/L-AKR-CS/2023 regarding the Notice of Annual General
Meeting of Shareholders of PT AKR Corporindo Tbk.
Announcement of March 21, 2023
Extraordinary General
Meeting of Shareholders • Conducted no later than 15 (fifteen) days from the date of the request for holding the
AGM.
• Published on the official website of the Indonesia Stock Exchange, eASY.KSEI, and the
official website of the Company at www.akr.co.id.
Invitation to the Annual April 6, 2023
General Meeting of
Shareholders. Conducted 21 (twenty-one) days before the AGM, excluding the date of assembly.
Implementation of April 28, 2023
Extraordinary General
Meeting of Shareholders In connection with the issuance of PT Kustodian Sentral Efek Indonesia (KSEI) letter No.
KSEI-4012/DIR/0521 dated May 31, 2021 regarding the Implementation of the e-Proxy
Module and e-Voting Module on the eASY.KSEI application along with the Shareholders’
General Meeting Broadcast, KSEI provides an E-RUPS platform for the electronic
implementation of the AGM. The Meeting is conducted electronically using the eASY.KSEI
application, allowing shareholders to attend the meeting electronically.
Agenda Item 1
Agenda Approval and Ratification of the Board of Directors’ Report on the Company’s Operations and Financial
Management for the fiscal year ended December 31, 2022, including approval and ratification of the
Company’s Financial Statements, including the Balance Sheet and Profit/Loss Calculation audited
by Independent Public Accountants, and approval of the Company’s Annual Report, the Supervisory
Task Report of the Board of Commissioners, and granting settlement and full release (acquit et de
charge) to all members of the Board of Directors and Board of Commissioners of the Company for
management and supervisory actions taken during the fiscal year ended December 31, 2022.
Voting Result Abstain Agree Disagree Total Agree
314,163,455 16,360,189,049 19,068,150 16,674,352,504
(1.88196%) (98.00381%) (0.11423%) (99.88577%)
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Agenda Item 1
AGMS 1. Approval of the Company’s Annual Report for the fiscal year ended December 31, 2022, which
Decisions includes the Board of Directors’ Report on the Company’s operations and financial management
as well as the Supervisory Board’s report for the fiscal year ended December 31, 2022.
2. Ratification of the Company’s Financial Statements for the fiscal year 2022 audited by the Public
Accountant Office “PURWANTONO, SUNGKORO & SURJA” (a member firm of Ernst & Young
Global Limited) with an opinion of “fair in all material respects” as stated in their report dated
March 21, 2023 Number 00305/2.1032/AU.1/05/0685-1/1/III/2023.
3. Granting discharge and full release (“volledig acquit et de charge”) to all members of the Board
of Directors and members of the Supervisory Board for the management and supervision they
have undertaken during the fiscal year 2022, provided that their actions include activities related
to the Company’s main business and are reflected in the Company’s Financial Statements for the
fiscal year ended December 31, 2022, and considering the Company’s Board of Directors’ Report
for the fiscal year ended December 31, 2022.
Realization Realized in 2023.
Agenda Item 2
Agenda Approval for the utilization of the Company’s net profit for the fiscal year ended on December 31,
2022.
Voting Result Abstain Agree Disagree Total Agree
113,296,400 16,580,123,254 1,000 16,693,419,654
(0.67868%) (99.32131%) (0.00001%) (99.99999%)
AGMS 1. Approval of the utilization of the current year’s profit attributable to the parent entity in the
Decisions amount of Rp2,403,334,889,000.00 (two trillion four hundred three billion three hundred thirty-
four million eight hundred eighty-nine thousand Indonesian Rupiah), distributed as follows:
a. Rp200,000,000.00 (two hundred million Indonesian Rupiah) for Reserve Fund in accordance
with Article 70 of the Company Law and Article 23 of the Company’s Articles of Association;
b. Rp1,480,287,720,000.00 (one trillion four hundred eighty billion two hundred eighty-seven
million seven hundred twenty thousand Indonesian Rupiah) to be distributed to all valid
shareholders of the Company as cash dividends, amounting to 61.593% (sixty-one point five
nine three percent) of the current year’s profit attributable to the parent entity, after deducting
the amount of interim dividends previously distributed to shareholders based on:
The Board of Directors’ Meeting decision on July 22, 2022, amounting to Rp493,429,240,000.00
(four hundred ninety-three billion four hundred twenty-nine million two hundred forty
thousand Indonesian Rupiah) or Rp25,00 (twenty-five Indonesian Rupiah) per share, with
the number of outstanding shares at that time being 19,737,169,600 (nineteen billion seven
hundred thirty-seven million one hundred sixty-nine thousand six hundred) shares, after
deducting treasury stock amounting to 336,305,000 (three hundred thirty-six million three
hundred five thousand) shares.
Thus, the dividends to be paid to shareholders amount to Rp986,858,480,000.00 (nine hundred
eighty-six billion eight hundred fifty-eight million four hundred eighty thousand Indonesian
Rupiah) or up to Rp50.00 (fifty Indonesian Rupiah) per share, with the number of outstanding
shares currently being 19,737,169,600 (nineteen billion seven hundred thirty-seven million one
hundred sixty-nine thousand six hundred) shares, after deducting treasury stock amounting
to 336,305,000 (three hundred thirty-six million three hundred five thousand) shares.
Furthermore, the payment of Cash Dividends shall be executed with the determination of the
Shareholders’ Registry Date, which is May 11, 2023, at 16:00 WIB, taking into account the Cum
and Ex dividend dates in accordance with the Indonesia Stock Exchange regulations, and also
authorizing the Board of Directors to further regulate the procedures for dividend distribution
in accordance with applicable regulations and laws.
c. The remainder amounting to Rp922,847,169,000.00 (nine hundred twenty-two billion eight
hundred forty-seven million one hundred sixty-nine thousand Indonesian Rupiah) shall be
booked as Retained Earnings and utilized as Working Capital.
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Agenda Item 2
2. Granting authority to the Company’s Board of Directors to take all necessary actions related to
the implementation of the net profit for the fiscal year ended on December 31, 2022.
Realization Realized in 2023
Agenda Item 3
Agenda Appointment of an Independent Public Accounting Firm to audit the Company’s books for the
fiscal year ending on December 31, 2023.
Voting Result Abstain Agree Disagree Total Agree
113.296.500 15.393.140.633 1.186.983.521 15.506.437.133
(0,67869%) (92,21082%) (7,11049%) (92,88951%)
AGMS 1. Appointing the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of Ernst
Decisions & Young Global Limited) to audit the Company’s consolidated Financial Statements for the fiscal
year 2023 and authorizing the Board of Commissioners to determine the remuneration and
other terms in accordance with applicable provisions regarding the appointment of the public
accounting firm.
2. Granting authority and power to the Board of Commissioners to appoint a Substitute Public
Accounting Firm to audit the Company’s consolidated Financial Statements for the fiscal year
2023, including determining the remuneration and other terms in accordance with applicable
provisions, in case the appointed Public Accounting Firm is unable to perform its duties due to
any reason.
Realization Realized in 2023.
Agenda Item 4
Agenda Changes in the composition of the Company’s management
Voting Result Abstain Agree Disagree Total Agree
113,296,400 16,569,267,854 10,856,400 16,682,564,254
(0.67869%) (99.25628%) (0.06503%) (99.93497%)
AGMS 1. Accepting the resignation of Mr. I Nyoman Mastra as a Commissioner of the Company, effective
Decisions immediately upon the conclusion of the meeting. The Company acknowledges the valuable
service rendered by Mr. I Nyoman Mastra and extends its best wishes, expressing utmost gratitude
for his contributions and service, particularly during his tenure as a Commissioner and member
of the Company’s Nomination and Remuneration Committee.
2. Appointing Mr. Sofyan Djalil as a Commissioner of the Company commencing upon the
conclusion of the Meeting until the closure of the Annual General Meeting in 2025.
3. Authorizing the Board of Directors, with substitution rights, to reaffirm the resolutions of the
meeting regarding the change in members of the Company’s Board of Commissioners in a
Notarial Deed and subsequently notify the Minister of Law and Human Rights of the Republic
of Indonesia of the change, register it in the Company Register, and take all necessary actions in
accordance with applicable laws and regulations.
Realization Realized in 2023.
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Agenda Item 5
Agenda Determination of remuneration and other allowances for members of the Board of Commissioners
as well as salaries and other allowances for the Company’s Directors.
Voting Result Abstain Agree Disagree Total Agree
120,414,400 16,540,912,412 32,093,842 16,661,326,812
(0.72133%) (99.08642%) (0.19225%) (99.80775%)
AGMS 1. For all members of the Board of Commissioners, a maximum honorarium of Rp390,000,000.00
Decisions (three hundred and ninety million Indonesian Rupiah) per month will be provided, paid 13 times
a year, in addition to other allowances, effective from April 29, 2023, and authorizing the President
Commissioner to determine the distribution of the honorarium, taking into account the opinions
of the Nomination and Remuneration Committee.
2. Delegating authority to the Company’s Board of Commissioners to determine the amount of
salary and other allowances for each member of the Board of Directors.
Realization Realised in 2023.
THE 2022 ANNUAL GENERAL MEETING
Annual General Meeting
AKR held its Annual General Meeting on April 28, 2022, in a hybrid format – physically and online, attended by the Board
of Commissioners, Board of Directors, shareholders/shareholder representatives, and representatives from supporting
institutions/professions in the Capital Market. The decisions of the meeting were recorded in Deed No. 112, made before
Notary Aulia Taufani, S.H., a Notary in Jakarta.
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The AGMS Process
Date Thursday, 28 April 2022
Time 10.12 to 11.30
Venue AKR Gallery West, Meeting Room Lantai P2, Jl. Panjang No.5, Kebun Jeruk, Jakarta Barat 11530,
Indonesia.
Attendees Board of Commissioners
1. Soegiarto Adikoesoemo* President Commissioner
2. I Nyoman Mastra Commissioner
3. Mohamad Fauzi Maulana Ichsan Independent Commissioner
Direksi
1. Haryanto Adikoesoemo President Director
2. Jimmy Tandyo* Director
3. Bambang Soetiono Soedijanto* Director
4. Mery Sofi* Director
5. Suresh Vembu Director
6. Nery Polim* Director
7. Ter Murti Tiban Director
*) Attended via teleconference through the Electronic General Meeting System (“eASY.KSEI”).
Shareholders present either in person or represented by proxy
16,630,159,940 shares (84.258%) out of a total of 19,737,169,600 shares. (total outstanding shares
minus treasury stock amounting to 336,305,000 shares).
This calculation is based on the Company’s Shareholder List as of April 6, 2022, until 4:00 PM WIB.
Supporting Institutions & Professions in the Capital Market:
1. Notary Aulia Tufani, S.H (Notary appointed by the Company to prepare the Meeting Minutes)
from the Office of Notary Aulia Tufani, S.H.
2. Mr. Sapto Budi and Mrs. Lusiany Lugina from PT Raya Saham Registra (Securities Administration
Bureau appointed by the Company).
3. Legal Consultant, Mr. Iwan Setiawan, SH from Makes & Partners Law Firm.
4. Mrs. Feniwati Chendana, from the Public Accounting Firm “PURWANTONO, SUNGKORO &
SURJA” (a member firm of Ernst & Young Global Limited) attended online.
AGMS Stages
Notification of the AGMS 15 March 2022
to OJK
The Company notified the Financial Services Authority (OJK) of the agenda of the
meeting through letter No. 015/L-AKR-CS/2022 regarding the Annual General Meeting of
Shareholders of PT AKR Corporindo Tbk.
Announcement of the 22 March 2022
AGMS
• Conducted no later than 15 (fifteen) days from the date of the request for the convening
of the AGM.
• Published on the official website of the Indonesia Stock Exchange, eASY.KSEI, and the
official website of the Company, www.akr.co.id
Invitation to and Agenda 6 April 2022
of the AGMS
• Conducted 21 (twenty-one) days before the AGM, excluding the date of the invitation
and the AGM itself.
• The invitation is also added through the Indonesian language daily newspaper, Bisnis
Indonesia.
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AGMS Stages
AGMS Implementation 28 April 2022
The meeting is conducted electronically using the eASY.KSEI application, allowing
shareholders to attend.
Agenda Item 1
Details Approval and ratification of the Board of Directors’ Report on the Company’s operations and financial
management for the financial year ending on December 31, 2021, as well as approval and ratification
of the Company’s Financial Statements, including the Balance Sheet and Income Statement, which
have been audited by Independent Public Accountants, and approval of the Company’s Annual
Report, the supervisory task report of the Board of Commissioners, and granting full discharge
(acquit et de charge) to all members of the Board of Directors and Board of Commissioners of the
Company for their management and supervisory actions taken during the year.
Voting Result Abstain Agree Disagree Total Agree
60,599,600 16,569,303,340 287,000 16,629,872,940
(0.364%) (99.634%) (0.002%) (99,998%)
AGMS 1. Approve the Company’s Annual Report for the fiscal year ending on December 31, 2021, which
Decisions includes the Management Report on the Company’s operations and financial management as
well as the supervisory tasks report of the Company’s Board of Commissioners.
2. Approve the Company’s Financial Statements for the fiscal year 2021 audited by the Public
Accounting Firm “PURWANTONO, SUNGKORO & SURJA” (a member firm of Ernst & Young Global
Limited) with an opinion of “fairly presented in all material respects” as evidenced by their report
dated March 21, 2022, Number 00286/2.1032/AU.1/05/0694-3/1/III/2022.
3. Grant full discharge and release to all members of the Board of Directors and Board of
Commissioners of the Company for their management and supervisory actions during the fiscal
year 2021, provided that their actions include those related to the Company’s main business
activities reflected in the Financial Statements for the fiscal year ending on December 31, 2021,
and considering the Company’s Management Report for the fiscal year.
Realization Realized in 2022.
Agenda Item 2
Details Approval to use the Company’s net profit for the financial year ending on December 31, 2021.
Voting Result Abstain Agree Disagree Total Agree
644,600 16,629.510,340 5,000 16,630,154,940
(0.004%) (99.996%) (0.000%) (99.999%)
AGMS 1. Approve the use of the current year’s profit, amounting to Rp1,111,613,585,000.00 (one trillion one
Decisions hundred eleven billion six hundred thirteen million five hundred eighty-five thousand Indonesian
Rupiah), as follows:
a. Rp200,000,000.00 (two hundred million Indonesian Rupiah) for Reserve Funds in accordance
with Article 70 of the Company Law and Article 23 of the Company’s Articles of Association;
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Agenda Item 2
b. Rp572,377,918,400.00 (five hundred seventy-two billion three hundred seventy-seven million
nine hundred eighteen thousand four hundred Indonesian Rupiah) to be distributed to all
valid shareholders of the Company as cash dividends or at a rate of 51.491% (fifty-one point four
nine one percent), after deducting the amount of previously distributed interim dividends to
shareholders based on the Board of Directors’ Resolution dated July 26, 2021, amounting to
Rp236,846,035,200.00 (two hundred thirty-six billion eight hundred forty-six million thirty-five
thousand two hundred Indonesian Rupiah) or Rp12.00 (twelve Indonesian Rupiah) per share
with the number of outstanding shares at that time being 19,737,169,600 (nineteen billion
seven hundred thirty-seven million one hundred sixty-nine thousand six hundred) shares, and
after deducting treasury stock of 336,305,000 (three hundred thirty-six million three hundred
five thousand) shares; Thus, the dividends to be paid to shareholders are Rp335,531,883,200.00
(three hundred thirty-five billion five hundred thirty-one million eight hundred eighty-three
thousand two hundred Indonesian Rupiah) or up to Rp17.00 (seventeen Indonesian Rupiah)
per share with the current number of outstanding shares being 19,737,169,600 (nineteen billion
seven hundred thirty-seven million one hundred sixty-nine thousand six hundred) shares, after
deducting treasury stock of 336,305,000 (three hundred thirty-six million three hundred five
thousand) shares. The payment of the Cash Dividends is then carried out by determining the
Shareholder Record Date, which is from May 19, 2022, until 4:00 PM WIB, taking into account
the Cum and Ex-dividend dates in accordance with the Indonesia Stock Exchange Regulation,
and also authorizing the Board of Directors to further regulate the procedures for dividend
distribution in accordance with applicable regulations and laws.
c. The remainder, amounting to Rp539,035,666,600.00 (five hundred thirty-nine billion thirty-five
million six hundred sixty-six thousand six hundred Indonesian Rupiah), is booked as Retained
Earnings and used as the Company’s Working Capital.
2. Authorize and empower the Board of Directors to take all necessary actions related to the
implementation of the use of the Company’s net profit for the financial year ending on December
31, 2021.
Realization Realized in 2022.
Agenda Item 3
Details Appointment of Independent Public Accounting Firm to conduct an audit of the Company’s books
for the financial year ending on December 31, 2022.
Voting Result Abstain Agree Disagree Total Agree
600 15,656,388,989 973,770,351 15,656,389,589
(0.000%) (94.145%) (5.855%) (94.145%)
AGMS 1. Appointing the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of Ernst
Decisions & Young Global Limited) to audit the Company’s consolidated Financial Statements for the fiscal
year 2022 and authorizing the Board of Commissioners to determine the honorarium and other
terms in accordance with the prevailing regulations regarding the appointment of the public
accounting firm.
2. Granting authority and power to the Board of Commissioners to appoint a Substitute Public
Accounting Firm to audit the Company’s consolidated Financial Statements for the fiscal year
2022, including determining the honorarium and other terms in accordance with the prevailing
regulations, in the event that the appointed Public Accounting Firm is unable to perform its
duties due to any reason.
Realization Realized in 2023.
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Extraordinary General Meeting (EGMS)
AKR held an Extraordinary General Meeting on April 28, 2022, in a hybrid format – physically and online, attended by
the Board of Commissioners, Board of Directors, shareholders/shareholder representatives, and representatives from
supporting institutions/professions in the Capital Market. The decisions of the meeting were recorded in Deed No. 113,
made before Notary Aulia Taufani, S.H., a Notary in Jakarta.
EGMS Process
Date Thursday, 28 April 2022
Time 11.43 to 11.53
Venue AKR Gallery West, Meeting Room Lantai P2, Jl. Panjang No.5, Kebun Jeruk, Jakarta Barat 11530,
Indonesia.
Kehadiran Board of Commissioners
1. Soegiarto Adikoesoemo* President Commissioner
2. I Nyoman Mastra Commissioner
3. Mohamad Fauzi Maulana Ichsan Independent Commissioner
Board of Directors
1. Haryanto Adikoesoemo President Director
2. Jimmy Tandyo* Director
3. Bambang Soetiono Soedijanto* Director
4. Mery Sofi* Director
5. Suresh Vembu Director
6. Nery Polim* Director
7. Ter Murti Tiban Director
*) Attended via teleconference through the Electronic General Meeting System (“eASY.KSEI”).
Shareholders present either in person or represented by proxy
Shareholders:
- Direct ownership: 16,630,159,940 shares (84.258%) out of a total of 19,737,169,600 shares.
Supporting Institutions & Professions in the Capital Market:
1. Mr. Sapto Budi and Mrs. Lusiany Lugina from PT Raya Saham Registra (Securities Administration
Bureau appointed by the Company)
2. Notary Aulia Tufani, S.H. (Notary appointed by the Company to prepare the Meeting Minutes)
from the Office of Notary Aulia Tufani, S.H.
3. Legal Consultant, Mr. Iwan Setiawan, SH from Makes & Partners Law Firm
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EGMS Stages
Notification of the 15 March 2022
Extraordinary General
Meeting of Shareholders The Company notified the Financial Services Authority (OJK) of the meeting agenda
to the Financial Services through letter No. 015/L-AKR-CS/2022 regarding the Notification of the Annual General
Authority Meeting of Shareholders of PT AKR Corporindo Tbk.
Announcement of the 22 March 2022
Extraordinary General
Meeting of Shareholders • Conducted no later than 15 (fifteen) days from the date of the request for the convening
of the AGM.
• Published on the official website of the Indonesia Stock Exchange, eASY.KSEI, and the
official website of the Company, namely www.akr.co.id.
Invitation to and 6 April 2022
Information for the
Extraordinary General • Conducted 21 (twenty-one) days before the AGM, excluding the date of the invitation
Meeting of Shareholders and the AGM itself.
• The invitation is also added through the Indonesian language daily newspaper, Bisnis
Indonesia.
EGMS Implementation 28 April 2022
The meeting is held electronically using the eASY.KSEI application, enabling shareholders
of the Company to attend.
EGMS Agenda
Details Approval to revise Article 3 of the Company’s Articles of Association to comply with Government
Regulation of the Republic of Indonesia Number 5 of 2021 concerning Risk-Based Licensing
Implementation and Standard Classification of Indonesian Business Fields (KBLI) for the year 2020.
Voting Result Abstain Agree Disagree Total Agree
3,800 16,354,460,372 275,635,268 16,354,464,172
(0.00%) (98.343%) (1.66%) (98.343%)
As per Article 12 paragraph 10 of the Company’s Articles of Association, abstain/blank votes are
considered as casting votes in the same manner as the majority vote. Therefore, the total votes in
favor amount to 16,354,464,172 shares or 98.343% of the total valid shares present at the Meeting,
deciding to approve the proposed agenda items.
1. Approve the restructuring of Article 3 of the Company’s Articles of Association regarding the
purpose and objectives as well as business activities to align with Government Regulation
Number 5 of 2021 concerning Risk-Based Licensing Implementation and Standard Classification
of Indonesian Business Fields (KBLI) for the year 2020.
2. Authorize and empower the members of the Company’s Board of Directors to make changes
and/or additions to the amended Articles of Association decided upon in the meeting, if deemed
necessary, taking into account the applicable legal provisions.
3. Grant authority with substitution rights to the Board of Directors to reaffirm the decisions of the
agenda items in the meeting minutes before a Notary and to submit approval for changes to
these Articles of Association to the Minister of Law and Human Rights of the Republic of Indonesia
or other relevant authorities, and to take all necessary actions in accordance with applicable legal
regulations.
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BOARD OF
COMMISSIONERS
The Board of Commissioners is one of the primary The Board of Commissioners ensures that the Company
organs in the governance structure responsible for implements corporate governance effectively in
collectively overseeing and advising the Board of Directors accordance with principles and regulations applicable at all
on the management of the Company. The Board of levels or organizational tiers. The Board of Commissioners
Commissioners must act independently and be free from is also responsible for ensuring the Company’s compliance
conflicts of interest that may impair its ability to carry out with all applicable regulations and laws.
its duties effectively, both in relation to each other and
with the Board of Directors.
Guidelines and Rules of Procedure for the Board of
Commissioners (Board Charter)
In carrying out its duties and responsibilities, the Board of Periodically, the Board Charter is evaluated and updated
Commissioners refers to the guidelines and regulations in accordance with applicable regulations and provisions.
outlined in the Board Charter. The Company ratified The Charter governs various aspects, including:
the Charter on November 30, 2015. This ratification was 1. Legal Basis;
signed by the President Commissioner and the Directors 2. Composition and Criteria of the Board of Commissioners;
as representatives of the other members of the Board of 3. Appointment and Term of Office of the Board of
Commissioners and Directors. Commissioners;
4. Duties, Responsibilities, and Authorities of the Board of
Commissioners;
5. Values;
6. Working Hours;
7. Board of Commissioners Meetings; and
8. Reporting and Accountability.
Composition of the Board of Commissioners
The composition and number of Commissioners meet the In 2023, the Board of Commissioners consisted of
applicable provisions stated in the Board Charter of the 3 members, including 1 President Commissioner, 1
Board of Commissioners. The composition is determined Commissioner, and 1 Independent Commissioner. The
by the General Meeting of Shareholders while considering Company accepted the resignation of I Nyoman Mastra as
the Company’s Vision and Mission to enable effective, Commissioner and appointed Sofyan A. Djalil:
accurate, and prompt decision-making. The members of
the Board of Commissioners can serve for a maximum
term of 5 years and may be reappointed for subsequent
terms, subject to the right of the AGMS to dismiss them
at any time.
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Period: January - March 2023
First Date of
Name Position Nationality End of Term
Appointment Reappointment
Soegiarto President AGMS 21 AGMS 30 April
Indonesia 2025
Adikoesoemo Commissioner November 1992 2020
AGMS 26 AGMS 30 April
I Nyoman Mastra Commissioner Indonesia 17 March 2023
January 2011 2020
Independent AGMS 30 April
Fauzi Ichsan Indonesia - 2025
Commissioner 2020
Period March - December 2023
First Date of
Name Position Nationality End of Term
Appointment Reappointment
Soegiarto President AGMS 21 AGMS 30 April
Indonesia 2025
Adikoesoemo Commissioner November 1992 2020
AGMS 28 April
Sofyan A. Djalil Commissioner Indonesia - 2025
2023
Independent AGMS 30 April
Fauzi Ichsan Indonesia - 2025
Commissioner 2020
Roles and Responsibilities of the Board of Commissioners
The Board Manual outlines the duties and responsibilities 6. Within a maximum period of 90 (ninety) days from
of the Board of Commissioners, which include: the date of the temporary suspension, the Board of
1. Supervising the management policy, the overall Commissioners must convene a General Meeting of
management operations concerning the Company and Shareholders to revoke or confirm the decision of the
the Company’s business, and providing advice to the temporary suspension. The concerned member of the
Board of Directors. The Board of Commissioners must Board of Directors is given the opportunity to present a
carry out its duties and responsibilities with good faith, defense to the GMS.
full responsibility, and prudence. 7. The aforementioned GMS is chaired by the President
2. In carrying out its duties, the Board of Commissioners Commissioner, and if the President Commissioner
has the right to obtain explanations from any member is absent, without the need for proof to other
of the Board of Directors regarding all matters necessary parties, is chaired by another member of the Board
for the Board of Commissioners. of Commissioners, with the summons conducted
3. In order to support the effectiveness of the Board according to the provisions.
of Commissioners, an Audit Committee must be 8. If all members of the Board of Directors are temporarily
established along with any other committees deemed suspended and the Company does not have any
necessary. Directors, then temporarily, the Board of Commissioners
4. At any time, the Board of Commissioners has the right is obligated to manage the Company. In such cases,
to temporarily suspend one or more members of the the Board of Commissioners meeting has the right to
Board of Directors if they act contrary to the Articles of temporarily delegate authority to one or more of them
Association and/or applicable laws and regulations or at their joint expense.
harm the purposes and objectives of the Company or 9. Upon the expiration of the period for convening the
neglect their duties. GMS, or if the GMS fails to make a decision, then the
5. The temporary suspension must be notified in writing aforementioned temporary suspension becomes null
to the respective party along with the reasons. and void.
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10. Each member of the Board of Commissioners, either 1. Each member of the Board of Commissioners is
jointly or individually, at any time during office hours of required to adhere to the values enforced in the
the Company, has the right to enter the buildings, yards, Company, namely:
or other places used or controlled by the Company and a. Entrepreneurial Spirit
has the right to inspect all books, letters, and other b. Collaboration
evidence, examine and verify the condition of cash and c. High Performance
others, and has the right to know all actions taken by d. Agility
the Board of Directors. e. Empowerment of the Team
11. Each member of the Board of Directors is obliged to f. Uncompromising
provide explanations regarding any matters asked by 2. Each member of the Board of Commissioners is
the members of the Board of Commissioners. also required to exert all their abilities to achieve the
12. Regarding the duties, responsibilities, and authorities Company’s Vision, which is to become a leading player in
of each member of the Board of Commissioners, they the field of logistics services and procurement solutions
will be separately regulated in a decision of the Board of for chemicals and energy in Indonesia. Members of the
Commissioners, including its amendments. Board of Commissioners are also required to achieve
the Company’s Mission, which is to optimize potential
Values to continuously enhance value for shareholders and
related parties.
In carrying out its duties and responsibilities, the Board of 3. Members of the Board of Commissioners are required to
Commissioners adheres to the values established by the carry out their duties with good faith, full responsibility,
Company, which include: and prudence by always adhering to applicable laws
and regulations, including those related to corporate
governance and the Company’s Articles of Association.
Division of the Board of Commissioners’ Tasks
In an effort to ensure the effectiveness of functions and roles, the Company has established a division of tasks of the Board
of Commissioners based on each area that aligns with the tasks of the Board of Directors. This approach aims to ensure
that the performance of the Board of Commissioners as a unit can run effectively and efficiently, with each member
having a clear understanding of their responsibilities and authorities, both in group and individual capacities.
Name Position Job Description
Soegiarto President • Issuing written notices for Board of Commissioners meetings addressed to all
Adikoesoemo Commissioner members of the Board of Commissioners, specifying the agenda, date, time, and
venue of the meeting.
• Chairing Board of Commissioners meetings.
• Reviewing reports and proposals received from other members of the Board of
Commissioners as well as from committees under the Board of Commissioners.
Sofyan A. Commissioner • Reviewing and overseeing business plans presented by the Board of Directors,
Djalil including short-term, medium-term, and long-term plans, as well as the
Company’s business development.
• Reviewing and overseeing the development of business and operational logistics
activities conducted by the Company’s Board of Directors.
Fauzi Ichsan Independent • Examining and supervising the financial management of the Company and its
Commissioner subsidiaries.
• Examining and supervising the preparation of the Company’s financial
statements.
• Reviewing the outcomes of discussions from the Audit Committee with the
Board of Directors, Internal Audit, and Independent Auditors, which are then
discussed in Board of Commissioners meetings.
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Management of Conflicts of Interest by the Board of
Commissioners
Conflicts of interest among the Board of Commissioners The principles implemented by the Board of Commissioners
occur when there is a potential conflict between the to prevent conflicts of interest and potential subsequent
personal interests of the Commissioners and the implications include:
Company’s goals of generating profits, increasing value, 1. The Board of Commissioners always avoids conflicts
achieving its Vision and Mission, and implementing of interest in carrying out its duties. The Board of
decisions made at the General Meeting of Shareholders. Commissioners will not exploit their position for
personal interests or for the interests of other individuals
The Company’s Board of Commissioners is highly or parties involved.
committed to avoiding potential conflicts of interest that 2. The Board of Commissioners must avoid any activities
may affect the Company’s sustainability. The Company that may affect its independence in overseeing the
ensures that the Board of Commissioners and the Board of Company’s operations.
Directors avoid conflicts of interest by complying with the 3. The Board of Commissioners is obligated to compile
Financial Services Authority Regulation No. POJK.04/2019 a Special List containing their share ownership and/or
concerning Affiliate Transactions and Certain Conflict of their family’s share ownership in other companies.
Interest Transactions. 4. In the event of a conflict of interest, it must be disclosed,
and the concerned Commissioner must remove
themself from the decision-making process.
5. The Board of Commissioners is required to make a
statement regarding conflicts of interest surrounding
matters outlined in the Company’s Work Plan and
Budget.
Decisions Requiring Approval from the Board of
Commissioners
Decisions by the Board of Directors that require approval from the Board of Commissioners as stipulated in the Company’s
Articles of Association include:
1. Appointment of Chairpersons in the General Meeting of Shareholders (GMS).
2. Interim Dividend Distribution.
3. Establishment of Companies.
4. Loan Facilities.
Implementation of the Board of Commissioners’ Duties
In 2023, the Board of Commissioners carried out its 2. Monitoring political dynamics and necessary
supervisory function over the Board of Directors in anticipatory measures.
managing the Company. Through the meetings held, 3. Supervision of financial risk management.
the Board of Commissioners reviewed management 4. Supervision of whistleblowing system implementation.
issues, evaluated performance, and reports from the 5. Supervision of human resources management and
Audit Committee and the Nomination and Remuneration succession planning.
Committee. The Board of Commissioners also provided 6. Supervision of regulatory changes and sustainability
supervision, discussions, and regarding the Company’s initiative implementations.
strategic plans for 2023, including:
1. Monitoring macroeconomic conditions and growth Decisions and Approvals by the Board of Commissioners
strategy alignment. Until the end of 2023, the Board of Commissioners
made various decisions and approvals in carrying out its
supervisory function as follows:
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No Date Letter No. Subject
Decision of the AKR Board of Commissioners Meeting (Appointment
1. March 21, 2023 125-A/C-CL/2023
of Fauzi Ichsan on the AGMS dated April 28, 2023)
Letter of Approval from the Board of Commissioners for the
2. May 31, 2023 212/C-CL/2023
Danamon Bank Facility - Soegiarto Adikoesoemo
Letter of Approval from the Board of Commissioners for the
3. May 31, 2023 213/C-CL/2023
Danamon Bank Facility - Fauzi Ichsan
Letter of Approval from the Board of Commissioners for the
4. May 31, 2023 214/C-CL/2023
Danamon Bank Facility - Sofyan A. Djalil
Letter of Approval from the Board of Commissioners regarding
5. July 24, 2023 290/C-CL/2023
Interim Dividend
Letter of Approval from the Board of Commissioners for the BCA
6. August 14, 2023 316/C-CL/2023
Facility - Soegiarto Adikoesoemo
Letter of Approval from the Board of Commissioners for the BCA
7. August 14, 2023 317/C-CL/2023
Facility - Sofyan A. Djalil
Letter of Approval from the Board of Commissioners for the BCA
8. August 14, 2023 318/C-CL/2023
Facility - Fauzi Ichsan
Letter of Approval from the Board of Commissioners for the BNI
9. August 14, 2023 319/C-CL/2023
Facility - Soegiarto Adikoesoemo
Letter of Approval from the Board of Commissioners for the BCA
10. August 14, 2023 320/C-CL/2023
Facility - Soegiarto Adikoesoemo
Letter of Approval from the Board of Commissioners for the BNI
11. August 14, 2023 321/C-CL/2023
Facility - Fauzi Ichsan
Letter of Approval from the Board of Commissioners for the Mandiri
12. August 14, 2023 322/C-CL/2023
Facility - Soegiarto Adikoesoemo
Letter of Approval from the Board of Commissioners for the Mandiri
13. August 14, 2023 323/C-CL/2023
Facility - Sofyan A. Djalil
Letter of Approval from the Board of Commissioners for the Mandiri
14. August 14, 2023 324/C-CL/2023
Facility - Fauzi Ichsan
AKR Board of Commissioners' Letter of Approval regarding Interim
15. October 23, 2023 519/C-CL/2023
Dividend 2
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Board of Commissioners 3. Paying attention to financial risks and maintaining
Recommendations the stability of investor movements and shareholder
composition;
In order to fulfill its supervisory function to the Board of 4. Identifying opportunities in the petroleum and basic
Directors regarding the implementation of business chemical segments in the future, especially in the
strategies, the Board of Commissioners provides important eastern part of Indonesia;
recommendations and advice to the Board of Directors, 5. Strengthening corporate governance and management
including: strength to serve as an early warning system for the
1. Monitoring performance in line with established Company’s business environment dynamics;
directives; 6. Preparing succession planning for the Company’s
2. Maintaining a neutral stance towards political direction, younger generation; and
and always maintaining good relations with all 7. Implementing sustainability initiatives that align with
stakeholders; the Company’s culture and provide benefits to the
Company and stakeholders.
Board of Commissioners Orientation Program
The Company has an introductory program for newly appointed members of the Board of Commissioners that aims to
provide an overview of AKR to accelerate their contribution to the Board of Commissioners. As of December 31, 2023, there
was one new commissioner, Sofyan A. Djalil, replacing I Nyoman Mastra. Thus, an orientation program was conducted on
March 17, 2023, at the AKR Tower coinciding with the Joint Meeting before the appointment was officially announced at
the EGMS.
Board of Commissioners Competency Development
AKR encourages the participation of the Board of Commissioners in training and certification programs, seminars, and
workshops as a commitment to support the implementation of their duties and responsibilities.
As of the end of 2023, the participation includes:
Name & Position Training Title Training Date Training Location Organizer
Fauzi Ichsan Indonesia Indonesia
Independent Commissioner Financial Crime Financial Crime
Hotel Mulia,
Compliance 25 July 2023 Compliance
Jakarta
Conference 2023 Conference 2023
(ICA) (ICA)
Risk
Management BUMN School
7 September 2023 Online
Effectiveness Excellence
Evaluation
BUMN School
GRC Materclass 19 September 2023 Online
Excellence
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Performance Evaluation of the Board of Commissioners’
Supporting Committees
The Board of Commissioners is equipped with supporting The Audit Committee has the responsibility of overseeing
committees, namely the Audit Committee & the the effectiveness of the internal control system, internal
Remuneration and Nomination Committee, whose roles audit, and compliance with regulations. As of December 31,
and responsibilities enhance the effectiveness of the 2023, the Board of Commissioners assessed that the Audit
Board of Commissioners’ performance. The execution of Committee has performed its duties and responsibilities
committee tasks refers to established guidelines, ensuring well.
a directed and efficient manner.
Meanwhile, the Nomination and Remuneration
Evaluation of the performance of the committees Committee has the task of reviewing and proposing
is conducted both individually and collectively. The succession planning for members of the Board of Directors
results of this evaluation are then used by the Board of and/or the Board of Commissioners. Throughout 2023, the
Commissioners as the basis for determining the tenure of Board of Commissioners assessed that the Nomination
each committee member. and Remuneration Committee has provided adequate
recommendations based on the reviews conducted.
The Board of Commissioners assesses the performance
of each committee through attendance at meetings, The Board of Commissioners assesses that all committee
the ability to collaborate and communicate actively, members have a high level of commitment in carrying
commitment and integrity, the ability to analyze financial out their duties and responsibilities, as evidenced by their
and operational aspects of the Company, and the quality attendance and active participation in meetings.
of advice/recommendations related to oversight tasks on
the management of the Company.
INDEPENDENT
COMMISSIONERS
Independent Commissioners are responsible for The composition of the AKR Board of Commissioners
strengthening the oversight function to maintain complies with Law No. 40 of 2007 concerning Limited
an objective, transparent, and accountable working Liability Companies and Financial Services Authority
environment for shareholders and other stakeholders. Regulation No. 33/POJK.04/2014 concerning the Board
Independent Commissioners do not have any affiliation of Directors and Board of Commissioners of Issuers or
with the Board of Directors, other Commissioners, or Public Companies. The Company has 1 (one) Independent
controlling shareholders that may hinder or inhibit their Commissioner in accordance with the provision that there
ability to act independently according to corporate must be at least one Independent Commissioner or at
governance principles. least 30% of the total number of Commissioners.
In addition to performing the oversight function,
Independent Commissioners are also responsible for
encouraging effective, objective, and independent
decision-making processes.
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Criteria for Independent Commissioners
Independent Commissioners refer to Financial Services 2. Do not have direct or indirect shares in the Issuer or
Authority Regulation No. 33/POJK.04/2014 concerning Public Company;
the Board of Directors and Board of Commissioners of 3. Do not have any Affiliation with the issuer or Public
Issuers or Public Companies. The Company establishes Company, members of the Board of Commissioners,
Independent Commissioners who meet the following members of the Board of Directors, or major
criteria: shareholders of the Issuer or Public Company;
1. Not being a person who works or has the authority 4. Do not have any direct or indirect business relationship
and responsibility to plan, lead, control, or oversee related to the business activities of the Issuer or Public
the activities of the issuer or Public Company in the Company.
last 6 (six) months, except for reappointment as an
Independent Commissioner of the Issuer or Public
Company in the following period;
Independence Statement Fauzi Ichsan
Not being a person who works or has the authority and responsibility to plan, lead,
control, or oversee the activities of the Company within the last 6 (six) months, except for √
reappointment as an Independent Commissioner of the Company in the following period.
Do not have any shares, either directly or indirectly, in the Company. √
Do not have any Affiliate relationship with the Company, members of the Board of
√
Commissioners, members of the Board of Directors, or major shareholders of the Company.
Do not have any business relationship, either directly or indirectly, related to the Company's
√
business activities.
BOARD OF
DIRECTORS
The Board of Directors is responsible collectively for The Board of Directors carries out its duties and
managing the Company in accordance with the provisions responsibilities according to the division of tasks to ensure
of the Articles of Association and the implementation of effectiveness in achieving the Company’s targets. As a
corporate governance at all levels. form of accountability in managing the Company, the
Board of Directors is responsible to the General Meeting
of Shareholders.
Board Charter
The Board of Directors refers to the working guidelines 1. Legal Foundation
and regulations set forth in the Board Charter, ratified 2. Composition and Criteria of the Board of Directors
on November 30, 2015. This ratification was signed by the 3. Appointment and Term of Office of the Board of
President Director on behalf of other members of the Directors
Board of Directors. Periodically, the Charter is evaluated 4. Duties, Responsibilities, and Authorities of the Board of
and updated in accordance with applicable regulations Directors
and provisions. The Charter regulates various matters 5. Values
including: 6. Working Hours
7. Board Meetings
8. Reporting and Accountability
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Composition of the Board of Directors
The composition and number of Directors complies with In 2023, the Board of Directors consisted of 7 (seven)
the applicable provisions stated in the Board Charter members, comprising 1 (one) President Director and 6
of the Directors. The composition is determined by the (six) Directors. There were no changes, so the composition
General Meeting of Shareholders considering the Vision of the Board of Directors until December 31, 2023, was as
and Mission of the Company. Directors can serve again for follows:
a term of office for up to 5 years without prejudice to the
right of the GMS to dismiss them at any time.
First Date of
Name Position Nationality End of Term
Appointment Reappointment
Haryanto President AGMS 21 AGMS 30 April
Indonesia 2025
Adikoesoemo Director November 1992 2020
AGMS 26 AGMS 30 April
Jimmy Tandyo Director Indonesia 2025
January 1985 2020
Bambang
AGMS 5 April AGMS 30 April
Soetiono Director Indonesia 2025
1994 2020
Soedijanto
AGMS 27 June AGMS 30 April
Mery Sofi Director Indonesia 2025
2006 2020
AGMS 18 May AGMS 30 April
Suresh Vembu Director Indonesia 2025
2009 2020
AGMS 15 May AGMS 30 April
Nery Polim Director Indonesia 2025
2012 2020
AGMS 30 April
Ter Murti Tiban Director Indonesia AGMS 5 May 2015 2025
2020
Responsibilities and Duties of the Board of Directors
In general, the Board of Directors has responsibilities 3. The Board of Directors has the right to represent the
and duties in managing the operational activities of the Company in and out of court on all matters and in all
Company in order to achieve the Company’s objectives. events, to bind the Company with third parties and
The scope of tasks and responsibilities is outlined as third parties with the Company, and to take all actions,
follows: whether concerning management or ownership, with
1. The Board of Directors is tasked with managing and the limitations of:
being responsible for the Company in accordance with a. Acquiring immovable property with a market
the purposes and objectives stipulated in the Articles of value exceeding Rp20,000,000,000 (twenty billion
Association. Each member of the Board of Directors is Indonesian Rupiah) or its equivalent in other
obliged to carry out tasks and responsibilities with good currencies;
faith, full responsibility, and caution. b. Disposing of immovable property owned by the
2. In carrying out its duties and responsibilities, the Board Company with a value exceeding Rp10,000,000,000
of Directors is required to convene the annual General (ten billion Indonesian Rupiah), either at market value
Meeting of Shareholders and other meetings as or book value, or its equivalent in other currencies;
described in the statutory regulations and the Articles c. Borrowing money on behalf of the Company;
of Association. d. Pledging or encumbering assets;
e. Binding the Company as a guarantor (surety/avalist);
f. Establishing subsidiary companies;
g. Participating in or entering into partnerships with
other companies or legal entities, or establishing
new companies;
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h. Entering into agreements on behalf of the Company represented by one Director appointed in writing by
with a duration exceeding 1 (one) year and with the President Director. If the President Director does
a value exceeding 5% (five percent) of the total not make such an appointment, then the Board of
Company Revenue. Directors will be represented by 2 (two) Directors, who
i. Approval from the Board of Commissioners is have the authority to act for and on behalf of the Board
required for the Board of Directors. of Directors and represent the Company.
4. The Board of Directors shall submit a work plan, which 9. Without prejudice to their responsibilities for specific
also includes the Company’s annual budget, to the actions, the Board of Directors also has the right to
Board of Commissioners for approval before the start of appoint one or more representatives or proxies, subject
the fiscal year. to conditions specified by the Board of Directors in
5. The Board of Directors is required to seek approval a special power of attorney. Such authority must be
from the General Meeting of Shareholders to transfer exercised in accordance with the Articles of Association.
the Company’s assets or to make the Company’s assets 10. In the event that a member of the Board of Directors
collateral for debts, which collectively amount to more has a conflict of interest with the Company, the right to
than 50% (fifty percent) of the Company’s net assets in represent the Company lies with:
one or more transactions, whether related to each other a. Another member of the Board of Directors who does
or not. not have a conflict of interest with the Company;
6. The Board of Directors must announce in two daily b. The Board of Commissioners, if all members of the
newspapers published or circulated in the Company’s Board of Directors have a conflict of interest with the
domicile or place of business regarding any plans for Company;
mergers, acquisitions, takeovers, or separations of the c. Another party appointed by the General Meeting of
Company no later than 14 (fourteen) days before the Shareholders, if all members of the Board of Directors
convening of the GMS. or the Board of Commissioners have a conflict of
7. The President Director has the right and authority interest;
to act for and on behalf of the Board of Directors and d. Regarding the duties, responsibilities, and authorities
represent the Company. of each member of the Board of Directors, they will
8. In the event that the President Director is absent or be separately regulated by the Board of Directors in a
unable to attend due to any reason, which need not be Board Resolution and any subsequent amendments
proven to third parties, the Board of Directors will be thereto.
Allocation of Duties within the Board of Directors
As an effort to ensure the effectiveness of functions and roles, the Company has established the allocation of duties within
the Board of Directors that aligns with the Directors’ competencies. This approach aims to ensure that the performance
of the Board of Directors can operate effectively and efficiently, with each member having a clear understanding of their
responsibilities and authorities, both collectively and individually.
Name Position Job Description
Haryanto President • Determining the Company’s Vision and Mission, and ensuring that they are
Adikoesoemo Director implemented by the entire management, including subsidiaries;
• Approving the Business Plan for short-term, medium-term, and long-term
periods, including business development, before submission to the Board of
Commissioners for final approval;
• Ensuring the implementation of the Company’s strategic plans through a
system of control and evaluation of work plans and budgets;
• Refining and implementing risk management, and ensuring that the
company operates in accordance with the principles of Good Corporate
Governance;
• Ensuring that the Company’s activities adopt Safety, Health & Environment
regulations, including taking measures for environmental protection such
as reducing energy consumption and increasing the distribution of clean/
renewable energy;
• For these responsibilities, the President Director is assisted by 6 other
directors, each managing a different directorate.
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Name Position Job Description
Jimmy Tandyo Director • Ensuring that the Vision and Mission are implemented by the entire
management of the Company;
• Approving the Company’s Business Plan for short-term, medium-term, and
long-term periods, including business development, before submission to
the President Director;
• Ensuring the implementation of the Company’s strategic plans through a
system of control and evaluation of work plans and budgets;
• Ensuring that the Business Plan, once established, can be achieved;
• Ensuring that operations are conducted in accordance with Good Corporate
Governance;
• Ensuring that activities adhere to Safety, Health & Environment regulations;
• Ensuring the development of competent human resources with values that
align with the Company’s;
• Additionally, he is also responsible for managing a number of subsidiary
entities of the Company.
Bambang Director • Responsible for managing the Company’s supply chain and logistics;
Soetiono • Responsible for all logistics operations activities (supply chain);
Soedijanto • Ensuring that logistics operations activities adhere to Safety, Health &
Environment regulations;
• Regularly implementing improvements and innovations to enhance
efficiency and improve logistics operations performance;
• Developing logistics facilities to support the Company’s business activities;
• Refining Standard Operating Procedures (SOPs) related to logistics
operations;
• Responsible for the JIIPE Integrated Industrial and Port Area project,
including operational, marketing, and external relations aspects;
• Additionally, he is also responsible for managing a number of subsidiary
entities of the Company.
Mery Sofi Director Responsible for managing the business of distributing Petroleum products
(BBM) and basic chemicals, including:
• Overseeing the trading and distribution of Petroleum products (BBM) and
basic chemicals;
• Developing products and businesses in the field of Petroleum products
(BBM) and chemicals;
• Establishing long-term relationships with suppliers and customers;
• Implementing risk management related to trading and distribution activities,
including cost control, product availability, and shipping procedures;
• Collaborating with the Finance Director to control risks arising from cost
determination, pricing, and taxation;
• Providing guidance on operational marketing activities to improve service
quality;
• Enhancing the organization’s ability to conduct business analysis through IT
system improvements and digitalization;
• Additionally, she is also responsible for managing a number of subsidiary
entities of the Company.
Suresh Vembu Director Responsible for Corporate Finance, investor relations, and the Corporate
Secretary division of the Company, including:
• Developing and implementing commercial strategies and business division
development in collaboration with partners, overseeing the achievement of
business goals;
• Collaborating with partners to establish and maintain profitable businesses,
setting financial targets, and monitoring performance;
• Overall responsibility for monitoring the Company’s compliance with
applicable regulations and laws, ensuring that shareholders, capital market
authorities, investors, analysts, and the public receive timely, complete, and
accurate information about all material matters.
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Name Position Job Description
Nery Polim Director • Collaborating with Branch Office Managers and the commercial department
to develop sales strategies;
• Driving the achievement of sales targets at the Branch Offices;
• Implementing best practices in branch management and operations across
all regions;
• Ensuring the effective implementation of risk management so that it
becomes an integral part of the operations of each division/region;
• Facilitating the development of competent human resources and fostering
a conducive working environment in the Region;
• Additionally, she is also responsible for managing a number of subsidiary
entities of the Company.
Ter Murti Tiban Director • Responsible for the management of the Company’s finances;
• Ensuring that the Company’s financial management is conducted prudently
to minimize financial risks;
• Managing the Company’s working capital;
• Ensuring that financial costs (cost of funds) and other expenses are
minimized as much as possible;
• Managing the Company’s tax affairs, including compliance with tax
regulations and efforts to save on taxation;
• Coordinating the preparation of the Company’s budget and exercising
control over the use of the allocated budget;
• Ensuring that Financial Statements are prepared in accordance with PSAK
regulations and reported in a timely manner;
• Additionally, he is also responsible for managing a number of subsidiary
entities of the Company.
Values 2. Each member of the Board of Directors is also required
to achieve the Company’s Vision, which is to become
In carrying out their duties and responsibilities, the Board a leading player in the field of logistics services and
of Directors adheres to the values established by the procurement solutions for chemicals and energy in
Company, including: Indonesia. Members of the Board of Directors are also
1. Each member of the Board of Directors must adhere to required to achieve the Company’s Mission, which is to
the prevailing values in the Company: optimize potential to enhance value for shareholders
a. Entrepreneurial Spirit and related parties.
b. Collaboration 3. Members of the Board of Directors must perform
c. Valuing High Performance their duties with good faith, full responsibility, and
d. Agility prudence by always adhering to the applicable laws
e. Empowering Teams and regulations, including those related to corporate
f. Non-compromise governance and the Company’s Articles of Association.
Management of Conflict of Interest by the Board of
Directors
Considering the central role of the Board of Directors in The Board of Directors always complies with the Financial
managing the Company’s business, the Board avoids Services Authority Regulation No. POJK.04/2019 regarding
conflicts of interest between individuals, especially Affiliate Transactions and Conflict of Interest in Certain
management, and the Company’s interests that may Transactions. The principles applied by the Board of
contradict the achievement of the goals, Vision, and Directors are as follows:
Mission. The Company assesses that conflicts of interest 1. The Board of Directors always avoids conflicts of interest
can potentially affect business sustainability, ranging from in carrying out its duties. The Board will not exploit its
profit attainment to the implementation of the General position for personal gain or for the benefit of individuals
Meeting of Shareholders. or other related parties.
2. The Board of Directors must avoid any activities that
may affect its independence in overseeing operations.
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3. The Board of Directors is obliged to complete a 5. The Board of Directors is obliged to make a statement
Special Register containing its and/or its family’s share regarding conflicts of interest regarding matters
ownership in other companies. outlined in the Company’s Work Plan and Budget.
4. In the event of a conflict of interest, it must be disclosed,
and the concerned Director should not participate in
the Company’s decision-making process.
Implementation of the Board of Directors’ Duties
Until the end of 2023, the Board of Directors carried out its 10. Evaluating strategic information technology plans to
duties and responsibilities as follows: achieve operational excellence.
1. Leading the management team in the process of 11. Setting expansion strategies for the eastern part of
preparing the Work Plan and Budget for 2023 & 2024 Indonesia, including adding storage facilities and fleet.
and evaluating the Company’s strategy. 12. Establishing business development strategies
2. Identifying Company risks and formulating strategies supporting JIIPE’s development, including forming a JV
for entering 2023 & 2024. to assist in logistics services and energy provision.
3. Determining strategic steps in facing competition in 13. Evaluating expansion and marketing strategies for bp
trade and distribution segments. AKR.
4. Setting targets and marketing strategies for JIIPE. 14. Drafting investor communication strategies to increase
5. Establishing ESG strategies in line with the Company’s free float.
Vision and Mission. 15. Formulating strategies to address green and inclusive
6. Reviewing the Company’s organizational structure. economic trends.
7. Reviewing promotion and rotation program plans as 16. Holding Annual Public Exposures and meetings with
well as remuneration. Investors and other stakeholders.
8. Overseeing the performance of subsidiaries.
9. Distributing dividends for the performance of 2022 and Decisions of the Board of Directors
the first semester and third quarter of 2023.
Throughout 2023, the Board of Directors has made various
decisions in managing operations as follows:
No Date Subject
Decisions of the Board of Directors regarding the Annual General Meeting (RUPS) on April
1. 18 March 2023
28, 2023
2. 24 July 2023 Decision on the Interim Dividend Distribution of AKR for 2023
3. 23 October 2023 Decision on the 2nd Interim Dividend Distribution of AKR for 2023
4. 9 December 2023 Company Budget Decision for the Year 2024
Director Orientation Program
The Company has a familiarization program for newly As of December 31, 2023, there have been no changes in
appointed board members that aims to provide an the composition of the board, so the orientation program
overview of AKR to accelerate their contribution to the has not been implemented.
board.
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Director Competency Development
AKR encourages the participation of the board in training programs, certifications, seminars, or workshops as part of its
commitment to support their duties and responsibilities.
The board’s participation until the end of 2023 includes:
No Name & Position Training/Seminar Date Venue Organizer
1. Suresh Vembu ESG Strategy and Rating 19 January 2023 Zoom Bursa Efek
Director Indonesia &
PwC Indonesia
Socialization of the General 22 February 2023 Zoom KNKG & IICD
Guidelines of Corporate
Governance in Indonesia and
the Conduct of the Annual
Report Award 2022
Carbon Trading Socialization 5 October 2023 Zoom Bursa Efek
in Indonesia by the Indonesia Indonesia
Stock Exchange
Indonesia Corporate Day in 15 November 2023 Sydney Bursa Efek
Australia Indonesia & UBS
Sekuritas
Socialization of the Criteria 20 Desember 2023 Zoom Bursa Efek
and Assessment of the Indonesia
ASEAN Corporate Governance
Scorecard (ACGS) 2024
IFRS S1 & S2 22 Desember 2023 Jakarta IAI & Bursa Efek
Indonesia
2. Ter Murti Tiban BCA Trading Trend 2023 - 11 January 2023 Jakarta BCA
Director Market Update
Mandiri Investment Forum 1 February 2023 Hybrid MANDIRI
2023
Sharing ESG MUFG SG w/ AKR 6 March 2023 Jakarta Bank MUFG
PBTaxand Tax Sharing Related 15 March 2023 Jakarta PB Taxand
to Government Regulation No.
44 and 55 of 2022
Sharia Financing - CFO Club 10 April 2023 Jakarta CFO Club
Tax Festival of the Surabaya 13 April 2023 Zoom KPP Madya
Middle Tax Office in 2023 Surabaya
Webinar PEFINDO - Indonesia 30 May 2023 Jakarta PEFINDO
Stays The Course as Global
Uncertainties Rise
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Highlights and Analysis
No Name & Position Training/Seminar Date Venue Organizer
PBTAXAND - TAX UPDATE 13 September 2023 Jakarta PB Taxand
PMK 66
Permata Bank Economic 7 November 2023 Jakarta Permata Bank
Outlook 2023: "Navigating
Business Opportunities &
Investment Strategies in a
Political Year”
Evaluation of the Performance of the Board of Directors’
Supporting Organs
AKR does not have a director support committee. However, Performance of each supporting organ is assessed
the Corporate Secretary, Internal Audit, and Investor through the execution of tasks and responsibilities,
Relations are supporting organs. commitment and integrity, the ability to analyze financial
and operational aspects of the Company, as well as the
The implementation of the tasks of the supporting organs quality of advice/recommendations related to Company
refers to established work guidelines, ensuring tasks are management.
carried out in a directed and efficient manner. Periodically,
the Board of Directors assesses and evaluates the In 2023, the Board of Directors assessed that the Corporate
performance of the supporting organs, both individually Secretary, Internal Audit, and Investor Relations have
and collegially. The results are then used by the Board of performed their duties and responsibilities well and in
Directors to determine the tenure of each member of the accordance with the established work guidelines.
supporting organs.
INDEPENDENCE AND TRANSPARENCY OF
INFORMATION OF THE BOARD OF
COMMISSIONERS AND BOARD OF
DIRECTORS
Share Ownership of the Board of Commissioners and
Board of Directors
AKR is committed to avoiding activities that may lead 3. The Company’s Blackout period is implemented
to conflicts of interest. Therefore, the Company has a 10 calendar days before the Company’s Financial
Blackout policy period for buying and selling AKRA shares Statements are released to the public and ends on
by insiders who have material information. These include, the day of the financial statements’ release. Upon
but are not limited to: announcement of the Blackout Period, Insiders who
1. Providing orders/instructions to execute buy or sell still have outstanding share transaction orders must
transactions of AKRA shares; cancel those orders.
2. Influencing others to engage in share transactions by
providing Material Information as an Insider for personal The Board of Commissioners and the Board of Directors
gain; have an obligation to inform the Company about their
ownership and any changes in ownership of Company
shares. This information is communicated through the
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Corporate Secretary no later than 3 (three) working days The Board of Commissioners and the Board of Directors
after the occurrence of ownership or any changes in are required to report to the OJK no later than 10 (ten) days
ownership of Company shares. from the occurrence of share ownership or changes in
ownership of Company shares.
Ownership of Shares in
Name Position
AKR
Board of Commissioners
Soegiarto Adikoesoemo President Commissioner 100,604,80
Sofyan A. Djalil Commissioner -
Independent
Fauzi Ichsan -
Commissioner
Board of Directors
Haryanto Adikoesoemo President Director 203,604,600
Jimmy Tandyo Director 37,500,000
3,780,000
Bambang Soetiono Soedijanto Director
Mery Sofi Director 603,000
Suresh Vembu Director 3,627,500
Nery Polim Director 450,000
Ter Murti Tiban Director 50,000
Affiliated Relationships between the Board of
Commissioners and the Board of Directors
Board of Controlling
Board of Directors
Name Commissioners Shareholders
GIK SDJ FIC HAR JTA BSU MES SVE NPO TER GIK HAR
Board of Commissioners
Soegiarto
- - - √ - - - - - - - √
Adikoesoemo
Sofyan A. Djalil - - - - - - - - - - - -
Fauzi Ichsan - - - - - - - - - - - -
Board of Directors
Haryanto
√ - - - - - - - - - √ -
Adikoesoemo
Jimmy Tandyo - - - - - - - - - - - -
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Board of Controlling
Board of Directors
Name Commissioners Shareholders
GIK SDJ FIC HAR JTA BSU MES SVE NPO TER GIK HAR
Bambang Soetiono
- - - - - - - - - - - -
Soedijanto
Mery Sofi - - - - - - - - - - - -
Suresh Vembu - - - - - - - - - - - -
Nery Polim - - - - - - - - - - - -
Ter Murti Tiban - - - - - - - - - - - -
Explanation
HAR : Haryanto Adikoesoemo SDJ : Sofyan A. Djalil SVE : Suresh Vembu
JTA : Jimmy Tandyo MES : Mery Sofi NPO : Nery Polim
GIK : Soegiarto Adikoesoemo FIC : Fauzi Ichsan TER : Ter Murti Tiban
BSU : Bambang Soetiono Soedijanto
• There is no affiliated relationship between members of the Board of Directors.
• Affiliated relationship between members of the Board of Directors and members of the Board of Commissioners: The President Director of the Company, Mr.
Haryanto Adikoesoemo, is the son of Mr. Soegiarto Adikoesoemo, who serves as the President Commissioner of the Company.
• Affiliated relationship between members of the Board of Directors and controlling shareholders: The President Director of the Company, Mr. Haryanto
Adikoesoemo, is the President Director and one of the shareholders of PT Arthakencana Rayatama, which is the controlling shareholder of the Company. His
father, Mr. Soegiarto Adikoesoemo, is the President Commissioner and one of the shareholders of PT Arthakencana Rayatama.
• There is no affiliated relationship between members of the Board of Commissioners.
• Affiliated relationships between members of the Board of Commissioners and controlling shareholders: The President Commissioner of the Company, Mr.
Soegiarto Adikoesoemo, is one of the shareholders and President Commissioner of PT Arthakencana Rayatama, which is the controlling shareholder of the
Company. His son, Mr. Haryanto Adikoesoemo, is the President Director and one of the shareholders of PT Arthakencana Rayatama.
Disclosure of Concurrent Positions of Board of
Commissioners and Board of Directors
AKR’s provisions regarding concurrent positions of Provisions for Concurrent Positions of the
members of the Board of Commissioners and Board of Board of Directors
Directors refer to OJK Regulation No. 33/POJK.04/2014
concerning Directors and Commissioners of Issuers or 1. Members of the Board of Directors may concurrently
Public Companies. hold positions as:
a. Members of the Board of Directors in up to 1 (one)
Provisions for Concurrent Positions of the other Issuer or Public Company;
Board of Commissioners b. Members of the Board of Commissioners in up to 3
(three) other Issuers or Public Companies; and/or
1. Members of the Board of Commissioners may 3. Members of up to 5 (five) committees in Issuers or
concurrently hold positions as: Public Companies where they also serve as members
a. Members of the Board of Directors in up to 2 (two) of the Board of Directors or members of the Board of
other Issuers or Public Companies; and Commissioners.
b. Members of the Board of Commissioners in up to 2
(two) other Issuers or Public Companies. All members of the Board of Commissioners and Board of
2. In the event that a member of the Board of Directors of AKR have complied with provisions regarding
Commissioners does not hold a position as a member concurrent positions as stipulated in the OJK regulation.
of the Board of Directors, the respective member may Information regarding the concurrent positions of
concurrently hold positions as a member of the Board members of the Board of Commissioners and Board of
of Commissioners in up to 4 (four) other Issuers or Directors in other institutions/companies/organizations in
Public Companies. 2023 is presented in the Company Profile section of this
3. Members of the Board of Commissioners may also Annual Report.
concurrently serve as members of up to 5 (five) committees
in Issuers or Public Companies where they also serve as
members of the Board of Directors or members of the
Board of Commissioners.
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Disclosure of concurrent positions of members of the Board of Commissioners and Board of Directors in 2023 is as follows:
Concurrent Positions
Name Position
Board of Commissioners Board of Directors
Soegiarto President • President Commissioner of PT
Adikoesoemo Commissioner Arjuna Utama Kimia (2007-present).
• President Commissioner of PT
Andahanesa Abadi (1992-present);
• President Commissioner of
PT Arthakencana Rayatama
(1992-present);
• President Commissioner of PT AKR
Land Development (formerly PT
Union Perkasa WIsesa), Jakarta
(1998-present);
Sofyan A. Djalil Commissioner • PT Pembangunan Jaya Ancol Tbk • CEO of Indonesia Business Council
(2023-present) (IBC) (2023-present)
• Board of Directors of the Indonesian
Palm Oil Strategic Studies (IPOSS)
(2023-present)
• President Commissioner of PT.
Indika Nature (2022-present)
Fauzi Ichsan Commissioner • Independent Commissioner of
Unilever Indonesia (2021-present).
• Independent Commissioner of
Manulife Investment Management
(2020-present);
• President Commissioner of
Indonesia Financial Group (IFG)
(2020-present);
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Concurrent Positions
Name Position
Board of Commissioners Board of Directors
Haryanto President • President Commissioner of • Director of Lubrindo Shipping
Adikoesoemo Director PT Anugerah Lubrindo Batam Services Pte Ltd (2019-present);
(2019-present); • President Director of PT
• President Commissioner of Arthakencana Rayatama (1992 –
PT Anugerah Lubrindo Raya present);
(2019-present); • President Director of PT AKR Land
• President Commissioner of PT Development (formerly PT Union
Anugerah Krida Retailindo (2017 – Perkasa Wisesa) (1985 – present);
present);
• President Commissioner of PT
Energi Manyar Sejahtera (2015 –
present);
• President Commissioner of PT
AKR Transportasi Indonesia (2013 –
present);
• President Commissioner of PT AKR
Niaga Indonesia (2012 – present);
• President Commissioner of PT AKR
Sea Transport (2011 – present);
• President Commissioner of PT
Anugrah Karya Raya (2009 –
present);
• Commissioner of PT Andahanesa
Abadi (2008 – present);
• President Commissioner of PT
Arjuna Utama Kimia (2007-present);
• Commissioner of PT Arjuna Utama
Kimia (2007 – present);
• President Commissioner of PT
Jakarta Tank Terminal (2005 –
present);
• President Commissioner of PT
Usaha Era Pratama Nusantara (2002
– present);
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Concurrent Positions
Name Position
Board of Commissioners Board of Directors
Jimmy Tandyo Director • Commissioner of PT Berkah • President Director of PT
Renewable Energi Nusantara Andahanesa Abadi (2008 – present);
(2024-present). • Director of AKR (Guangxi) Coal
• President Commissioner of PT Trading Co Ltd. (2008 – present);
Berkah Buana Energi (2021-present); • Director of PT Arthakencana
• Commissioner of PT Anugerah Krida Rayatama (1992 – present);
Retailindo (2017 – present);
• Commissioner of PT Energi Manyar
Sejahtera (2015 – present);
• President Commissioner of PT
Terminal Nilam Utara (2015 –
present);
• Commissioner of PT AKR
Transportasi Indonesia (2013 -
present);
• Commissioner of PT AKR Niaga
Indonesia (2012 – present);
• President Commissioner of PT
Berkah Kawasan Manyar Sejahtera
(2012 – present);
• Commissioner of PT AKR Sea
Transport (2011 – present);
• Commissioner of PT Anugrah Karya
Raya (2009 – present);
• Commissioner of PT Jakarta Tank
Terminal (2007 – present);
• Commissioner of PT Usaha Era
Pratama Nusantara (2002 – present);
• Commissioner of PT Arjuna Utama
Kimia (1985 – present);
Bambang Director • Commissioner of PT Berkah Buana • President Director of PT Energi
Soetiono Energi (2021-present). Manyar Sejahtera (2015 – present);
Soedijanto • Commissioner of PT Terminal Curah • President Director of PT Terminal
Semarang (2015 – 2022); Nilam Utara (2014 – present);
• Commissioner of PT Berlian Manyar • President Director of PT AKR
Sejahtera (2012 – present); Transportasi Indonesia (2013 –
present);
• President Director of PT Berkah
Kawasan Manyar Sejahtera (2012-
present);
• President Director of PT AKR Niaga
Indonesia (2012 – present);
• President Director of PT AKR Sea
Transport (2011 – present);
• Director of PT Andahanesa Abadi
(2008 – present);
• Director of PT Arjuna Utama Kimia
(2007 – present);
• Director of PT Jakarta Tank Terminal
(2005 – present);
• President Director of PT Usaha Era
Pratama Nusantara (2002 – present);
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Concurrent Positions
Name Position
Board of Commissioners Board of Directors
Mery Sofi Director • Commissioner of PT Berkah • Director of PT Anugerah Krida
Kawasan Manyar Sejahtera (2017 - Retailindo (2017 – present);
present). • Director of PT Energi Manyar
• President Commissioner of PT Sejahtera (2015 – present);
Dirgantara Petroindo Raya (2017 - • Director of PT AKR Transportasi
present); Indonesia (2013 – present);
• Director of PT AKR Niaga Indonesia
(2012 – present);
• Director of PT AKR Sea Transport
(2011 – present);
• Director of PT Andahanesa Abadi
(2008 – present);
• Director of PT Arjuna Utama Kimia
(2007 – present);
• Director of PT Usaha Era Pratama
Nusantara (2004 – present);
Suresh Vembu Director • Vice President Commissioner of • Director of PT Anugerah Lubrindo
PT Anugerah Kimia Indonesia Batam (2020-present);
(2020-present). • Director of PT Anugerah Lubrindo
• Commissioner of PT Dirgantara Raya (2020-present);
Petroindo Raya (2018-present);
• President Commissioner of
PT Aneka Petroindo Raya
(2018-present);
Nery Polim Director • Commissioner of PT Energi Manyar • President Director of Anugerah
Sejahtera (2016 – present). Krida Retailindo (2017 - present);
• Commissioner of PT Anugrah Karya • Director of PT AKR Niaga Indonesia
Raya (2011 – present); (2015 – present);
• Commissioner of PT Usaha Era
Pratama Nusantara (2006 – present);
Ter Murti Tiban Director • PT Berkah Bunker Service – • PT Berkah Renewable Energi
President Commissioner since 2023 Nusantara – Director since 2024
• PT Anugerah Kreasi Pratama • PT Berkah Buana Energi – Director
Indonesia – President Commissioner since 2021
since 2023 • PT AKR Transportasi Indonesia –
• PT AKR Transportasi Indonesia – Director since 2019
Commissioner since March 2024 • PT Anugerah Lubrindo Batam –
• PT Berkah Kawasan Manyar Director since 2019
Sejahtera – Commissioner since 2017 • PT Anugerah Lubrindo Raya –
Director since 2019
• PT Anugerah Krida Retailindo –
Director since 2017
• PT Usaha Era Pratama Nusantara –
Director since 2015
• PT AKR Sea Transport – Director
since 2015
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The Diversity of the Composition of the Board of
Commissioners and the Board of Directors
The diversity of the composition of the Board of A diverse Board facilitates more informed decision-
Commissioners and the Board of Directors encompasses making by incorporating various perspectives and risk
various experience, educational backgrounds, and gender analyses. The Company ensures that members of the
equality. In its implementation, the Company refers to Board of Commissioners and the Board of Directors come
the Financial Services Authority Circular Letter Number from diverse backgrounds, including various experiences,
32/SEOJK.04/2015 regarding Guidelines for Corporate educational backgrounds, and gender equality, as well as
Governance of Public Companies, which has been meeting professional criteria to support the effectiveness
accommodated in the Company’s Articles of Association of carrying out duties.
and Board Manual. Currently, 3 (three) out of 7 (seven)
members of the Board of Directors, or 42.8% of them, are
women.
Name Position Gender Age Education Experience
Board of Commissioners
Soegiarto President Male 85 High School Established PT AKR Corporindo
Adikoesoemo Commissioner Tbk in the 1960s.
Sofyan A. Djalil Commissioner Male 70 Ph.D. in Law and Has over 13 years of experience
Capital Market in both public and private
Policy from Fletcher sectors in government, serving
School of Law and as a minister in various fields.
Diplomacy - Tufts
University
Fauzi Ichsan Independent Male 53 Master of Science in Has over 20 years of experience
Commissioner Development Studies, in government (both as a
Massachusetts policymaker and regulator),
Institute of economic and market research,
Technology (MIT), as well as in banking and
Massachusetts, USA finance.
Direksi
Haryanto President Male 61 Executive Experienced for over 30 years in
Adikoesoemo Director Management trading, management, business
Program from development, and finance.
Harvard Business
School
Jimmy Tandyo Director Male 72 Advanced Experienced for over 40 years
Management in management and business
Program from development.
Harvard Business
School
Bambang Director Male 61 Bachelor’s degree in Experienced for over 30 years
Soetiono accounting from STIE in management, finance, and
Soedijanto Surabaya business development.
Mery Sofi Director Female 56 Advanced Experienced for over 25 years
Management in finance, management, and
Program, business development.
Northwestern
University
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Highlights and Analysis
Name Position Gender Age Education Experience
Suresh Vembu Director Male 59 Bachelor of Experienced for over 35 years
Commerce from in finance, management, and
Bangalore University compliance.
and Chartered
Accountant from
the Indian Institute
of Chartered
Accountants
Nery Polim Director Female 59 Bachelor’s degree Experienced for over 25
in economics years in human resources
from California management, management,
State University of and business development.
Bakersfield
Ter Murti Tiban Director Female 53 Bachelor’s degree Experienced for over 20 years in
in economics from finance and accounting.
Trisakti University
Percentage Composition of the Board of Commissioners and Directors Based on Gender
Fe
% m
al
57 e
4
le
a
3%
M
Implementation of Board of Commissioners Meetings
The Board of Commissioners is required to hold meetings Minutes of each Board of Commissioners meeting are
at least once 2 months or whenever deemed necessary prepared, signed by the meeting chairperson and all
by the members of the Board of Commissioners or at the attending members of the Board of Commissioners.
request of the Board of Directors. This is based on the The minutes include opinions expressed during the
provisions of POJK No. 33/POJK.04/2014 regarding the meeting, decisions and conclusions made during the
Board of Directors and Board of Commissioners of Issuers meeting, as well as reasons for any absence of Board of
or Public Companies. The provisions and procedures for Commissioners members, if any. Each member of the
Board of Commissioners meetings are fully detailed in the Board of Commissioners is entitled to receive a copy
Board Manual. of the meeting minutes, whether they were present or
absent. The decision-making requirement for Board of
Commissioners meetings must meet a minimum quorum
of 2/3 of participants.
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By the end of 2023, the Board of Commissioners had conducted a total of 6 (six) meetings. The agenda and attendance
summary are as follows:
Participants
No Date Agenda
GIK INM* SJA** FIC
Appointment of Chairman for Annual & Extraordinary
1. March 21, 2023 √ √ √
General Meeting on April 28, 2023
2. May 31, 2023 Approval of Loan Facility √ √ √
3. July 24, 2023 Approval of Interim Dividend Payment √ √ √
4. August 14, 2023 Approval of Interim Dividend Payment √ √ √
5. October 23, 2023 Approval of Second Interim Dividend Payment √ √ √
6. December 5, 2023 Approval for Establishment of PT BREN √ √ √
Number of Meetings 6 1 5 6
Number of Attendances 6 1 5 6
Attendance Percentage 100% 100% 100% 100%
*) No longer served since March 17, 2023
**) Served since April 28, 2023
Explanation
GIK : Soegiarto Adikoesoemo FIC : Fauzi Ichsan
SJA : Sofyan A. Djalil INM : I Nyoman Mastra
Joint Meetings of the Board of Commissioners with the Board of Directors were held 4 (four) times with the description of
the agenda and the summary of attendance as follows:
Participants
No Date Agenda Board of Commissioners Board of Directors
GIK INM* SJA** FIC HAR JTA BSU MES SVE NPO TER
1. 17 March Consolidated Financial
2023 Statements as of December
31, 2022 and for the Year
Then Ended Along with the √ √ √ √ √ √ √ √ √ √
Independent Auditor's Report
of PT AKR Corporindo Tbk and
Its Subsidiaries.
2. 25 April Discussion of the Unaudited
2023 Consolidated Financial
Statements as of March 31,
2023, and for the Three-Month √ √ √ √ √ √ √ √ √ √ √
Period Ended on That Date of
PT AKR Corporindo Tbk and
Its Subsidiaries.
3. 24 July Discussion of the Unaudited
2023 Consolidated Financial
Statements as of June 30,
2023, and for the Six-Month √ √ √ √ √ √ √ √ √ √
Period Ended on That Date of
PT AKR Corporindo Tbk and
Its Subsidiaries.
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Highlights and Analysis
Participants
No Date Agenda Board of Commissioners Board of Directors
GIK INM* SJA** FIC HAR JTA BSU MES SVE NPO TER
4. 23 Discussion of the Unaudited
October Consolidated Financial
2023 Statements as of September
30, 2023, and for the Nine- √ √ √ √ √ √ √ √ √ √
Month Period Ended on That
Date of PT AKR Corporindo
Tbk and Its Subsidiaries.
Total Meetings 4 2 3 4 4 4 4 4 4 4 4
Total Attendance 4 2 3 4 4 4 4 4 4 4 4
% Attendance 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
*) No longer served since March 17, 2023
**) Served since April 28, 2023
Explanation
GIK : Soegiarto Adikoesoemo FIC : Fauzi Ichsan SVE : Suresh Vembu
HAR : Haryanto Adikoesoemo BSU : Bambang Soetiono Soedijanto NPO : Nery Polim
SJA : Sofyan A. Djalil INM : I Nyoman Mastra TER : Ter Murti Tiban
JTA : Jimmy Tandyo MES : Mery Sofi
Conducting Board of Directors Meetings
Based on POJK No. 33/POJK.04/2014 regarding Directors expressed during the meeting, decisions and conclusions
and Commissioners of Publicly Listed Companies, the reached, and reasons for any Director’s absence. Each
Board of Directors is required to hold meetings at least Director is entitled to receive a copy of the minutes,
once a month or as necessary, upon the request of a whether they were present or not. Decision-making in
Director or the Board of Commissioners. The complete Directors’ meetings requires a minimum attendance of 2/3
provisions and procedures for Board of Directors meetings of the participants (quorum).
are included in the Board Manual.
In 2023, the Board of Directors held 12 meetings, and joint
Minutes of the meetings are prepared by the Corporate meetings with the Board of Commissioners were held
Secretary, signed by the chairperson of the meeting and 4 times. The agenda and attendance summary of the
all attending Directors. The minutes include opinions Directors’ meetings are as follows:
Participants
No Date Agenda
HAR JTA BSU MES SVE NPO TER
1. 21 February 2023 Monthly perfomance review √ √ √ √ √ √ √
2. 28 March 2023 Monthly perfomance review √ √ √ √ √ √ √
3. 20 April 2023 Monthly perfomance review √ √ √ √ √ √ √
4. 21 April 2023 Monthly perfomance review √ √ √ √ √ √ √
5. 19 May 2023 Monthly perfomance review √ √ √ √ √ √ √
6. 22 May 2023 Monthly perfomance review √ √ √ √ √ √ √
7. 27 June 2023 Monthly perfomance review √ √ √ √ √ √ √
8. 21 August 2023 Monthly meeting perfomance √ √ √ √ √ √
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Participants
No Date Agenda
HAR JTA BSU MES SVE NPO TER
20 September
9. Monthly perfomance review √ √ √ √ √ √ √
2023
10. 20 October 2023 Monthly perfomance review √ √ √ √ √ √ √
21 November
11. Monthly perfomance review √ √ √ √ √ √ √
2023
20 December
12. Monthly perfomance review √ √ √ √ √ √ √
2023
Number of Meetings 12 12 12 12 12 12 12
Number of Attendees 12 12 12 12 11 12 12
% Attendance 100% 100% 100% 100% 92% 100% 100%
Keterangan
HAR : Haryanto Adikoesoemo SVE : Suresh Vembu
JTA : Jimmy Tandyo NPO : Nery Polim
BSU : Bambang Soetiono Soedijanto TER : Ter Murti Tiban
MES : Mery Sofi
PERFORMANCE EVALUATION OF THE
BOARD OF COMMISSIONERS AND BOARD
OF DIRECTORS
In carrying out their duties and responsibilities, the Board 5. Involvement in specific assignments; and
of Commissioners and Board of Directors are periodically 6. Compliance with applicable laws and Company policies.
evaluated and reported to the shareholders. Shareholders
have the right to dismiss members of the Board of Performance evaluation indicators for the Board of
Commissioners and Board of Directors whose performance Directors are as follows:
does not meet expectations through the General Meeting 1. Implementation of duties and responsibilities according
of Shareholders. to the Board of Directors’ Working Guidelines;
2. Execution of duties and responsibilities by each
The performance evaluation indicators for the Board of member of the Board of Directors;
Commissioners and Board of Directors are as follows: 3. Implementation of resolutions from the General
1. Implementation of duties and responsibilities according Meeting of Shareholders;
to the Board of Commissioners’ Working Guidelines; 4. Achievement of the Company’s performance:
2. Attendance rate and activeness in Board of a. Financial aspects;
Commissioners’ meetings; b. Operational aspects;
3. Attendance rate and activeness in committee meetings c. Administrative aspects;
(if serving as a committee member); 5. Compliance with applicable laws and Company policies.
4. Suggestions and inputs provided in the Company’s
oversight process;
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NOMINATION AND REMUNERATION POLICY
FOR THE BOARD OF COMMISSIONERS AND
BOARD OF DIRECTORS
Nomination Procedure for the Board of Commissioners
and Board of Directors
The process of nominating members of the Board of d. d. has never been a member of a Board of Directors
Commissioners and Board of Directors is conducted and/or Board of Commissioners who, during their
by ensuring succession from internal employees of the tenure:
Company. In order to conduct a review and succession e. Failed to hold an annual General Meeting of
plan for members of the Board of Commissioners and/or Shareholders;
Directors, the Company is supported by the Nomination f. Accountability as a member of a Board of Directors
and Remuneration Committee. The nomination procedure and/or Board of Commissioners was rejected by
is carried out transparently and in accordance with the an AGMS, or failed to provide accountability to the
conditions and needs of the Company as well as the AGMS; and
regulations. g. Caused a company that obtained permission,
approval, or registration from the Financial Services
Appointment and Criteria of the Board of Authority to fail to fulfill its obligation to submit
Commissioners annual reports and/or financial statements to the
Financial Services Authority.
Through the mechanism of the General Meeting h. Commitment to comply with laws and regulations;
of Shareholders, the Company has the authority and
to appoint and dismiss, including determining the i. Has the knowledge and/or expertise in the field
amount of remuneration for members of the Board of required by the issuer or Public Company.
Commissioners. Subsequently, the Nomination and
Remuneration Committee will discuss the profiles and Appointment and Criteria for the Board of
qualifications of each candidate in the nomination Directors
meeting, including providing recommendations to the
Board of Commissioners to be presented at the RUPS. The General Meeting of Shareholders (RUPS) has full
authority to appoint and dismiss the Directors, including
The company has criteria and requirements for determining the remuneration for the members of the
appointing candidates for the Board of Commissioners Board of Directors. The controlling shareholders may
referring to Financial Services Authority Regulation No. provide recommendations for Director candidates.
33/POJK.04/2014 regarding the Board of Directors and Subsequently, the Nomination and Remuneration
Board of Commissioners of Issuers or Public Companies. Committee will discuss the profiles and qualifications of
Candidates for the Board of Commissioners who meet the each candidate with the Board of Commissioners, which
criteria will be selected, then appointed with the approval will be presented at the GMS.
of the RUPS. The criteria include:
The Company has criteria and requirements for appointing
1. Having good morals, ethics, and integrity; Director candidates that refer to Financial Services
2. Capable of performing legal actions; Authority Regulation No. 33/ POJK.04/2014 regarding the
3. In the 5 (five) years before appointment and during Board of Directors and Board of Commissioners of Issuers
tenure: or Public Companies. Director candidates who meet the
a. Has never been declared bankrupt; criteria will be selected and then appointed with the
b. Has never been a member of the Board of Directors approval of the GMS. The criteria include:
and/or Board of Commissioners declared guilty
resulting in a company being declared bankrupt; 1. The company’s Board of Directors must consist of at
c. Has never been convicted of a criminal act that least 3 (three) members, with 1 (one) of them appointed
harms the state finances and/or related to the as the President Director.
financial sector; and 2. Candidates eligible for appointment as Directors are
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Indonesian Citizens and/or Foreign Citizens who meet Commissioners member who during tenure:
the requirements to be appointed as Directors based • Failed to hold an annual General Meeting of
on Financial Services Authority regulations and other Shareholders;
applicable laws and regulations. • Accountability as a member of a Board of Directors
3. Have good morals, ethics, integrity, and reputation, and/or Board of Commissioners was rejected by
meaning never directly or indirectly involved in an AGMS, or failed to provide accountability to
engineering acts, deviant practices, breaches of the AGMS; and
promises, and other actions detrimental to the company • Caused a company that obtained permission,
where they work or have worked. approval, or registration from the Financial
4. Capable of performing legal actions. Services Authority to fail to fulfill its obligation to
5. In the 5 (five) years before appointment and during submit annual reports and/or financial statements
tenure: to the Financial Services Authority.
a. Has never been declared bankrupt by a Court; e. Commitment to comply with laws and regulations;
b. Has never been a Director and/or Board of and;
Commissioners member declared guilty resulting in f. Has the knowledge and/or expertise in the field
a company being declared bankrupt; required by the issuer or Public Company.
c. Has never been convicted of a criminal act that 6. Has a commitment to comply with applicable laws and
harms state finances and/or related to the financial regulations.
sector; and 7. Has competency, namely knowledge, skills, experience,
d. Has never been a Director and/or Board of and/or expertise in the fields needed by the Company
to support the implementation of the Directors’ duties
and responsibilities.
8. Has good character and the ability to develop business
for the advancement of the company.
Procedures for Determining Remuneration for the Board
of Commissioners and Directors
AKR prepares the structure, policy, and amount of remuneration for each member of the Board of Commissioners
and Directors by considering their duties, authorities, performance, and responsibilities. The remuneration application
procedure begins with the submission of proposals and the amount of remuneration by the Board of Commissioners.
The results of the Nomination and Remuneration Committee’s study regarding the proposed remuneration amount will
be determined and approved by the shareholders at the GMS. The remuneration procedure for members of the Board of
Commissioners and Directors is described as follows:
Implementation of Good Corporate Performance in the company’s
Governance financial and operationals sectors
Alignment of the company’s
Comparison between targets and
Discussion of Performance performance with its vision and
actual achievements of the company
mission
Management achievements in
Strategy and Innovation
increasing value for shareholders
Discussion to determine the amount of the proposed remuneration for the board of
commissioners and director
Remuneration proposals for the directors are presented in the general meeting of
shareholders
Remuneration for board of commissioners and directors are determined in the general
meeting of shareholders
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Total Remuneration for the Board of Commissioners and Directors
The total remuneration in 2023, based on compensation for employment services and post-employment benefits, is as
follows:
in thousands of Rupiah
Description Short-Term Benefits Post-Employment Benefits
Board of Commissioners 21,074,204 -
Board of Directors 97,898,811 2,652,036
SUPPORTING COMMITTEES
OF THE BOARD OF COMMISSIONERS
In order to carry out its oversight function over the management of the Company, the Board of Commissioners is supported
by the Audit Committee and the Nomination and Remuneration Committee.
Audit Committee
The Audit Committee is a supporting body tasked with December 29, 2004, and has been revised several times
performing oversight functions to promote corporate and was last updated and approved on March 18, 2024.
governance and provide recommendations to the
Board of Commissioners regarding the appointment of Periodically, the Audit Committee Charter is evaluated and
public accountants based on independence, scope of updated in accordance with applicable regulations and
engagement, and compensation. provisions. The Audit Committee Charter regulates various
matters, including:
The Audit Committee plays a role in assisting the tasks 1. Introduction
of the Board of Commissioners, including reviewing 2. Purpose and Objectives
financial information, risk management, the effectiveness 3. Responsibilities
of internal and external audits, and compliance with 4. Task Targets
regulations and laws. The Audit Committee is responsible 5. Authorities
for recommending the appointment and dismissal of 6. Work Program
external auditors. 7. Structure and Membership
8. Meetings
AKR formed the Audit Committee in accordance 9. Reporting
with Financial Services Authority Regulation No. 55/ 10. Conclusion
POJK.04/2015 concerning the Formation and Guidelines
for the Implementation of the Audit Committee’s Work Composition of the Audit Committee
and Financial Services Authority Regulation No. 9 of 2023
concerning the Use of Public Accountant Services and The Audit Committee consists of at least 3 (three)
Public Accounting Firms in Financial Services Activities. members, one of whom is an Independent Commissioner
concurrently serving as the Chairman of the Audit
Audit Committee Charter Committee. Other members must meet independence
criteria, including not being an employee of the Company
The Audit Committee has Charter as a guideline for in the past year, and are prohibited from holding positions
carrying out its duties and responsibilities. The Charter was as members of other committees within the Company
prepared and approved by the Board of Commissioners on during the same period. The composition of the Audit
Committee as of December 31, 2023, is as follows:
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Name Position Basis of Appointment Term of Office
Chairperson/
Decision Letter of the Company's Board of
Fauzi Ichsan Independent 2020-2025
Commissioners No. 139 dated May 11, 2020
Commissioner
Decision Letter of the Company's Board of
Sahat Pardede Member 2020-2025
Commissioners No. 139 dated May 11, 2020
Decision Letter of the Company's Board of
Djisman Simandjuntak Member 2020-2025
Commissioners No. 092 dated March 16, 2020
Profile of Audit Committee Members
Basis of Appointment
Decision Letter of the Company’s Board of Commissioners dated May 11,
Fauzi Ichsan 2020
Ketua Komite Audit
Term of Office
1st Term, 2020-2025
Description
Complete profile can be found in the Company Profile section of this
Annual Report.
Basis of Appointment:
Decree of the Board of Commissioners No. 139 dated May 11, 2020
Educational Background
• Graduate of the State College of Accountancy (STAN) (1989)
• MBA from Saint Mary’s University in Canada (1993)
Employment History
• Auditor at the Financial and Development Supervisory Agency (1983-
2000)
• Partner at Sahat Handoko & Partners Independent Public Accountant
Firm (2001 - present)
Sahat Pardede Concurrent Positions
Member of the Audit Committee
• Member of the Audit Committee of PT Bank Rakyat Indonesia Tbk
(Persero) (2020-present)
Term of Office
• Member of the Audit Committee of PT Semen Indonesia (Persero) Tbk
2nd Term, 2020-2025
(2021-present)
• Member of the Audit Committee of PT Petrosea Tbk (2022-present)
Age
62 years old
Affiliated Relationships
No affiliated relationship with members of the Board of Commissioners,
Place and Date of Birth
Balige, 3 Oktober 1961 Directors, and Controlling Shareholders.
Nationality
Indonesia
Domicile
Jakarta Timur, DKI Jakarta
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Basis of Appointment
Letter of Appointment from the Board of Commissioners No. 092 dated
March 16, 2020
Educational Background
• Bachelor of Management Economics, Faculty of Economics,
Parahyangan Catholic University, Bandung (1973);
• Diploma in Monetary Economics and Public Finance, Faculty of
Economics and Social Sciences, University of Cologne, Germany (1979);
and
• Ph.D. in Economics, Faculty of Economics and Social Sciences, University
of Cologne, Germany (1983).
Djisman Simandjuntak Employment History
Member of the Audit Committee • Auditor, Sgv-Utomo, Jakarta (1973 – 1974);
• Research Consultant, Asian Development Bank (1980-1990); and
Term of Office • Co-Founder, Chairman, Advisory Board, The Indonesian Institute For
First Term, 2020-2025 Corporate Directorship (IICD) (1999-2011).
Age
Concurrent Positions
77 years old
• President Commissioner of PT Indomarco Prismatama Tbk
(2000-present);
Place and Date of Birth
• Independent Commissioner of PT Asuransi MSIG Indonesia
Sipahutar - Tapanuli Utara, 1 Januari 1947
(2012-present);
• President Commissioner of PT Indoritel Makmur Internasional Tbk
Nationality (2015-present);
Indonesia
• President and Independent Commissioner of PT Indo Tambangraya
Megah Tbk (2018-present);
Domicile • Chairman, Board of Directors, Centre For Strategic And International
Jakarta Timur, DKI Jakarta
Studies (CSIS) Foundation (2005 – present); and
• Professor of Business Economics and Rector of Prasetiya Mulya University
(2016-present).
Affiliated Relationships
No affiliated relationship with members of the Board of Commissioners,
Directors, and Controlling Shareholders.
Audit Committee Independence
Each member of the Audit Committee has met all independence criteria and is able to carry out their duties and
responsibilities independently, meeting the requirements set forth in Financial Services Authority Regulation No. 55/
POJK.04/2015 concerning the Establishment and Guidelines for the Implementation of the Audit Committee’s Work. The
independence of Audit Committee members is as follows:
Djisman
Independence Aspects Fauzi Ichsan Sahat Pardede
Simandjuntak
No financial relationship with the Board of
√ √ √
Commissioners and Directors
No management relationship with AKR, subsidiaries, or
√ √ √
affiliated companies
No shareholding relationship with AKR √ √ √
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Djisman
Independence Aspects Fauzi Ichsan Sahat Pardede
Simandjuntak
No family relationship with the Board of Commissioners,
√ √ √
Directors, and/or fellow Audit Committee members
Not serving as a party official, government official, or
√ √ √
government official
Roles, Responsibilities, and Authorities of 4. Exercising other authorities granted by the Board of
the Audit Committee Commissioners.
The Audit Committee Charter contains information Functions of the Audit Committee
regarding the roles and responsibilities of the Audit
Committee outlined as follows: The Audit Committee has primary functions including:
1. Reviewing financial information including financial 1. Reporting the results of risk management evaluations
statements, projections, and other financial-related to the Board of Commissioners to mitigate potential
reports. risks that may disrupt business operations.
2. Reviewing compliance with laws and regulations. 2. Evaluating the performance of the Company and its
3. Providing independent opinions to the Board of subsidiaries (quarterly, semi-annually, and annually)
Commissioners regarding differences of opinion regarding business target achievements, market
between management and accountants. conditions and trends, future performance predictions,
4. Providing information to the Board of Commissioners also reporting findings and providing advice for
regarding the appointment of accountants based Commissioner performance improvements.
on independence, scope of engagement, and 3. Delivering professionally and independently conducted
compensation. reports.
5. Reviewing examinations conducted by internal auditors 4. Alongside Internal Audit, providing an assessment
and overseeing follow-up actions on internal auditor of documentation procedures and management
findings. implementation recommended by operational
6. Reviewing risk management activities. departments to improve financial transaction
7. Reviewing complaints related to accounting processes performance and reporting systems.
and financial reporting. 5. Discussing business environment development
8. Reviewing and advising the Board of Commissioners by identifying potential Company performance
regarding potential conflicts of interest. improvements.
9. Maintaining confidentiality of documents, data, and 6. Ensuring the Company’s financial statements comply
information. with established accounting principles.
7. Ensuring the implementation of internal control
The Audit Committee has authorities including: systems, financial reporting processes, and Good
1. Accessing data, documents, and other information Corporate Governance in the Company.
about employees, funds, assets, and company resources
as needed. Audit Committee Meetings
2. Direct communication with employees including
Directors, internal auditors, and accountants related to The Audit Committee Charter regulates meetings to be
its duties and responsibilities. held at least once every 3 (three) months. Until the end
3. If necessary, involving independent parties to assist in of 2023, the Audit Committee had conducted 10 (ten)
carrying out its duties. This authority is subject to the meetings with agendas and meeting summaries as
Board of Commissioners’ permission. follows:
Audit Committee
Date Meeting Topics Attendance
FI SP DS
January 30, 2023 Internal Audit Performance in 2022 √ √ √
March 9, 2023 Progress Update Meeting with AC - PT AKR Corporindo Tbk √ √ √
AC Pre-Meeting for the Financial Statements of the Fiscal Year
March 16, 2023 √ √ √
2022
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Audit Committee
Date Meeting Topics Attendance
FI SP DS
March 16, 2023 Final Audit Meeting with AC - PT AKR Corporindo Tbk √ √ √
April 25, 2023 AC Pre-Meeting for Quarter 1 of 2023 √ √ √
July 24, 2023 AC Pre-Meeting for Quarter 2 of 2023 √ √ √
August 15, 2023 Internal Audit Performance in Semester 1 of 2023 √ √
October 23, 2023 AC Pre-Meeting for Quarter 3 of 2023 √ √ √
November 7, 2023 Internal Audit Performance in Quarter 3 of 2023 √ √
December 22, 2023 Schedule of Audit Meetings for PT AKR Corporindo Tbk √ √ √
Total Meetings 10 10 10
Total Attendance 10 9 9
% Attendance 100% 90% 90%
Explanation
FI : Fauzi Ichsan
SP : Sahat Pardede
DS : Djisman Simandjuntak
Completion of Audit Committee Tasks in these meetings included the financial reporting process,
2023 including monitoring and evaluation of the independent
auditors, and providing independent opinions in case
The Audit Committee fulfilled its duties and responsibilities of differences between Management and independent
to assist the Board of Commissioners and its supervisory auditors.
functions as stipulated in the Audit Committee Charter.
The Charter has been revised in accordance with POJK Recommendations of the Audit
Number 9 of 2023. Reporting on the appointment of Committee
Public Accounting Firms and the evaluation results has
been conducted in accordance with the latest regulations. To support its duties and responsibilities, the Audit
Committee provides recommendations to the Board of
The Audit Committee held periodic meetings with relevant Commissioners regarding areas within its oversight scope.
parties such as independent auditors, internal audit Until the end of 2023, the Audit Committee provided the
units, and the Company’s Management. Discussions in following:
No Letter No. Date Subject
Recommendation from the Public Accounting Firm (KAP)
to conduct a General Audit of the Consolidated Financial
1. 001-L-AUKOM-2023 24 April 2023
Statements of PT AKR Corporindo, Tbk for the fiscal year
2023.
Evaluation Report of the Audit Committee of PT AKR
Corporindo Tbk on the Implementation of Audit Services for
2. 002-L-AUKOM-2023 7 June 2023
the Company's Consolidated Financial Statements for the
fiscal year 2022.
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Competency Development for the Audit Committee
To support the execution of tasks and responsibilities, AKR encourages participation in training programs conducted
formally and informally. By the end of 2023, the Audit Committee had participated in competency development as follows:
Training
No Name Title of Training Training Date Organizer
Location
1. Sahat Pardede Special PPL for OJK - IAPI Year 2023 16 November Jakarta Financial Services
for registered public accountants in 2023 – 16 Authority (OJK)
OJK Banking Sector - Phase 2. November 2023 and Indonesian
Institute of
Certified Public
Accountants (IAPI)
PPL OJK Capital Market Sector 20 Juli 2023 - 20 Jakarta OJK and IAPI
Update on PSAK and Its Impact on Juli 2023
Corporate Income Tax Regulations
for PT TBK
PPL Code of Ethics for Public 21 September Jakarta IAPI
Accountants (KEPAP) Series 2023 – 22
Professional Attitude and September
Safeguarding Against Threats to 2023
Public Accountants' Independence
Staying relevant 30-31 Agustus Batam Institute of Internal
2023 Auditors (IIA)
Indonesia
Trusted advisor: Navigating the 6-7 Desember Bali Internal Audit
New Frontier, Connecting Between 2023 Education
Information Technology and Foundation (YPIA)
Business Strategy
Mandatory PPL for Public 18 September Jakarta Center for Financial
Accountants PPPK 2023 - Additional 2023 Profession
Batch Development
(PPPK), Ministry
of Finance of
the Republic of
Indonesia
Sharing Findings of KAP Audit 22 Mei 2023 - 22 Jakarta IAPI
Results by PPPK and Its Risk Mei 2023
Mitigation (Batch 1)
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Nomination and Remuneration Committee
The Nomination and Remuneration Committee is a Criteria for Nomination and
supporting body tasked with performing functions related Remuneration Committee Members
to the Nomination and Remuneration of members of
the Board of Commissioners and the Board of Directors. In nominating candidates for members of the Board of
AKR established the Nomination and Remuneration Commissioners and Board of Directors, the Nomination
Committee in accordance with OJK Regulation No. 34/ and Remuneration Committee has the task of determining
POJK.04/2014 dated December 8, 2014, regarding the criteria, and conducting fit and proper tests, the results
Nomination and Remuneration Committee of Issuers or of which are conveyed to the Board of Commissioners.
Public Companies. Other tasks include evaluating the performance of the
Board of Commissioners and the Board of Directors as
Charter of the Nomination and considerations for determining remuneration, which
Remuneration Committee is then proposed to the Board of Commissioners and
subsequently submitted to the General Meeting of
The Nomination and Remuneration Committee has a Shareholders for approval. Nomination and Remuneration
Charter that was ratified on March 31, 2015, by the Board Committee members have the following requirements:
of Commissioners as a guideline in carrying out its duties
and responsibilities. Periodically, the Charter is evaluated 1. Understanding the Vision, Mission, and working culture
and updated with reference to applicable regulations and of PT AKR Corporindo Tbk.
provisions. The Charter governs various aspects including: 2. Having high integrity, ability, knowledge, and work
1. Introduction experience.
2. Organizational Structure 3. Not having personal interests that may have negative
3. Committee Member Requirements impacts and conflicts of interest with the Company.
4. Responsibilities 4. Having sufficient time to complete their tasks.
5. Duties of the Nomination and Remuneration 5. Capable of communicating and collaborating
Committee effectively.
6. Authority, Rights, and Obligations 6. Specifically for the committee chair who also serves as
7. Meetings of the Nomination and Remuneration an Independent Commissioner, the general provision
Committee applies that they do not have any relationship with the
8. Term of Office of the Nomination and Remuneration Company; members of the Board of Directors; members
Committee of the Board of Commissioners or major shareholders
9. Conclusion and do not hold shares in the Company.
Composition of the Nomination and
Remuneration Committee
The composition of the Nomination and Remuneration
Committee as of December 31, 2023, is as follows:
Term of
Name Position Basis of Appointment
Office
Decision Letter of the Board of Commissioners of PT
Chairman/
AKR Corporindo Tbk Regarding the Appointment of the
Fauzi Ichsan Independent 2020-2025
Nomination and Remuneration Committee No. 140 dated
Commissioner
May 11, 2020.
Decision Letter of the Board of Commissioners of PT
AKR Corporindo Tbk Regarding the Appointment of the
Soegiarto Adikoesoemo Member 2020-2025
Nomination and Remuneration Committee No. 140 dated
May 11, 2020.
Decision Letter of the Board of Commissioners of PT
AKR Corporindo Tbk Regarding the Appointment of the
Felix Abednego Member 2022-2025
Nomination and Remuneration Committee No. 140 dated
March 18, 2022.
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Profile of Nomination and Remuneration Committee Members
Legal Basis of Appointment
Decision Letter of the Board of Commissioners of PT AKR Corporindo
Fauzi Ichsan Tbk Regarding the Appointment of the Nomination and Remuneration
Chairman of the Nomination and Committee No. 140 dated May 11, 2020.
Remuneration Committee
Term Period
1st Term, Year 2020-2025
Description
Full profile can be seen in the Company Profile section of this Annual
Report.
Legal Basis of Appointment
Decision Letter of the Board of Commissioners of PT AKR Corporindo
Soegiarto Tbk Regarding the Appointment of the Nomination and Remuneration
Adikoesoemo Committee No. 140 dated May 11, 2020.
Member of the Nomination and
Remuneration Committee Term Period
1st Term, Year 2020-2025
Description
Full profile can be seen in the Company Profile section of this Annual
Report.
Legal Basis of Appointment
Decision Letter of the Board of Commissioners of PT AKR Corporindo
Felix Abednego Tbk Regarding the Appointment of the Nomination and Remuneration
Member of the Nomination and Committee No. 082 dated March 18, 2022.
Remuneration Committee
Term Period
1st Term, Year 2022-2025
Description
Full profile can be seen in the Company Profile section of this Annual
Report.
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Independence of the Nomination and 2. Based on the above, discussions are then held to
Remuneration Committee determine the amount of remuneration for members of
the Board of Directors and Board of Commissioners to
The Nomination and Remuneration Committee regulates be presented to the Board of Commissioners for further
the independence of its members, who must possess high discussion in the General Meeting of Shareholders.
integrity, objectivity, and ethics, as well as demonstrate 3. Carrying out other tasks related to remuneration as
independence. The Committee carries out its duties and assigned by the Board of Commissioners.
responsibilities professionally, without interference from
any party that does not comply with regulations. This Authority, Rights, and Obligations
statement is supported by the chairman of the Nomination
and Remuneration Committee, who is an Independent The Nomination and Remuneration Committee has the
Commissioner. following rights and obligations:
1. The Committee may access records or information
Duties and Responsibilities of the about employees, funds, assets, and other resources
Nomination and Remuneration owned by the Nomination and Remuneration Company
related to the performance of its duties.
Committee
2. In carrying out its duties, the Nomination and
Remuneration Committee may collaborate with the
The Charter of the Nomination and Remuneration
personnel, finance, and other relevant departments.
Committee contains information regarding duties and
3. The Nomination and Remuneration Committee may
responsibilities with the following descriptions:
collaborate with third parties with the approval of the
Board of Commissioners.
Related to nomination:
4. Each member of the Nomination and Remuneration
1. Reviewing and evaluating the performance of each
Committee is obliged to perform their duties well and
member of the Board of Directors and Board of
maintain the confidentiality of all Company documents,
Commissioners related to the applied work culture
data, and information. Such documents, data, and
in the Company; implementation of Good Corporate
information are only to be used for the purpose of
Governance; overall operational performance;
fulfilling the Committee’s duties.
achievement of results; alignment of work with
5. The Nomination and Remuneration Committee, in
the Company’s Vision and Mission; consistency
carrying out its duties, must consider aspects such as
with implemented strategies and innovations; and
financial performance, individual work achievements,
achievements in increasing shareholder value.
fairness, and considerations of the Company’s long-
2. Based on the above, discussions are held to determine
term goals and strategies, as well as other relevant
proposals for new members of the Board of Directors
considerations.
and/or Board of Commissioners to be presented to the
6. The Nomination and Remuneration Committee
Board of Commissioners for further discussion in the
creates a work plan to be submitted to the Board of
General Meeting of Shareholders.
Commissioners.
3. Carrying out other tasks related to nomination as
7. The Nomination and Remuneration Committee is
assigned by the Board of Commissioners.
required to submit reports on the implementation of its
duties to the Board of Commissioners.
Related to remuneration:
1. Reviewing and evaluating the performance of each
member of the Board of Directors and Board of Meetings of the Nomination and
Commissioners related to the implementation of Good Remuneration Committee
Corporate Governance; overall operational performance;
achievements; alignment of work with the Company’s The Charter of the Nomination and Remuneration
Vision and Mission; consistency with implemented Committee regulates the conduct of meetings, which
strategies and innovations; and achievements in are held at least once every 4 (four) months. By the end
increasing shareholder value. of 2023, the Nomination and Remuneration Committee
had convened meetings a total of 4 (four) times, with the
following agendas and meeting summaries:
Attendance
Date Meeting Discussion
MFI GIK INM FA
Discussion on Remuneration Structure
26 January 2023 and Amounts for Commissioners and √ √ √ √
Directors
Discussion on the resignation of Mr. I
21 March 2023 Nyoman Mastra and the nomination of √ √ √ √
Mr. Sofyan Djalil as Commissioner
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Attendance
Date Meeting Discussion
MFI GIK INM FA
Discussion on the Performance
10 July 2023 Evaluation of Directors and √ √ X √
Commissioners
Discussion on the Remuneration
1 December 2023 √ √ X √
Amounts for Commissioners in 2024
Number of Meetings 4 4 4 4
Attendance Count 4 4 2 4
Attendance Percentage 100% 100% 50% 100%
No longer in office since March 17, 2023
Explanation
MFI : Fauzi Ichsan INM : I Nyoman Mastra
GIK : Soegiarto Adikoesoemo FA : Felix Abednego
Implementation of the Nomination and Director Succession Policy
Remuneration Committee’s Tasks in 2023
The Company ensures business sustainability and
The Nomination and Remuneration Committee has maximizes value for shareholders and stakeholders. One
assisted the Board of Commissioners in accordance effort is conducting employee development programs,
with the assignments outlined in the Nomination including for the Directors.
and Remuneration Committee Charter. This includes
facilitating the relationship between the Commissioners The Nomination and Remuneration Committee has a
and the Board of Directors in terms of implementing role in reviewing and proposing succession planning for
Good Corporate Governance, analyzing the performance members of the Board of Directors and/or Commissioners.
of Board members and the Company’s achievements, Nomination procedures are always conducted
and matters related to remuneration for Directors and transparently in accordance with the conditions and needs
Commissioners. of the Company as well as regulations.
As of December 31, 2023, implementation of the The Company implements Director succession programs
Nomination and Remuneration Committee’s tasks are as as follows:
follows: 1. Education and training programs, whether conducted
1. Determined the remuneration structure and amount internally by the Company or organized by external
for Commissioners and Directors for 2024. parties.
2. Assisted in the appointment process of Mr. Sofyan A. 2. Delegation of authority.
Djalil as Commissioner and accepted the resignation of 3. mplementation of fit and proper tests for new
Mr. I Nyoman Mastra. candidates who will replace one of the Directors.
3. Conducted performance evaluations of the 4. Approval of the appointment of new Directors by
Commissioners and Directors. Shareholders.
4. Determined the remuneration for Commissioners in
2024.
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Development of Nomination and Remuneration Committee Competencies
To support the Nomination and Remuneration Committee, AKR encourages participation in formal and informal training
programs. Information on Nomination and Remuneration Committee competency development is available in the
Corporate Governance section under the Board of Commissioners’ Competency Development
Training
Name & Position Training Title Training Date Organizer
Location
Fauzi Ichsan Indonesia Financial
Indonesia Financial Crime
Chairman of Hotel Mulia, Crime Compliance
Compliance Conference 2023 25 July 2023
Nomination and Jakarta Conference 2023
(ICA)
Remuneration (ICA)
Committee
Risk Management BUMN School
7 September 2023 Online
Effectiveness Evaluatio) Excellence
BUMN School
GRC Materclass 19 September 2023 Online
Excellence
OTHER COMMITTEES UNDER
THE BOARD OF COMMISSIONERS OWNED
BY THE COMPANY
Until the end of 2023, the Company did not have other committees under the Board of Commissioners besides the Audit
Committee and the Nomination and Remuneration Committee. Therefore, no information is available.
BOARD SUPPORT
COMMITTEES
ESG Committee
The ESG Committee is a supporting committee for Composition of the ESG Committee
the Board of Directors in managing the Company. The
establishment of the ESG Committee reflects support In carrying out its functions, the Chairman of the ESG
for Sustainable Development, particularly in the aspects Committee reports directly to the Chief Executive Officer,
of Environmental, Social, and Governance (ESG). The ESG overseen by an Independent Commissioner. Through the
Committee has a Charter signed on January 20, 2023, as delegation given in implementing sustainability initiatives,
a guideline in carrying out its duties and responsibilities. AKR encourages the implementation of sustainability
values in each area of the Company and supervises to
ensure optimal implementation.
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The ESG Committee directly oversees the ESG Task Force, consisting of Senior Employees in each division. The membership
composition of the ESG Committee is as follows:
Name Position
Fauzi Ichsan Independent Commissioner
Haryanto Adikoesoemo Chairman of the ESG Committee and President Director
Member
Jimmy Tandyo CEO AKR
Mery Sofi Deputy CEO AKR
Bambang Soetiono Soedijanto CEO Industrial Area Segment
Suresh Vembu Group Director & Corporate Secretary
Felix Abednego Head of Human Resources Division
The profiles of each member of the ESG Committee can be found in the Company Profile section of this Annual Report.
BOD - BOC
ESG Committee
ESG Task Force
AKR Logistics and Supple
BP Joint Ventures,
Chain Operations, ATI, JIPE Industrial Estate Port,
AKR Trading & distribution Manufacturing and New
AST, including Network & Utilities and Operations
Initiatives
Operations, JTT
Responsibilities of the ESG Committee In monitoring and evaluating the Company’s sustainability
implementation, the ESG Committee collaborates with
The ESG Committee carries out tasks to assist the Board of task forces in determining sustainability strategies,
Directors and the Board of Commissioners in overseeing formulating targets, conducting impact assessments,
ESG-related matters. This includes topics such as the and assessing the risks associated with implementing
impact of climate change, energy, and natural resource strategies based on the standards established in applicable
conservation, environmental and supply chain impacts, laws and policies.
energy and natural resource conservation, environmental
sustainability and supply chains, human rights, diversity The commitment to developing sustainability strategies is
and inclusion, and other relevant and material ESG issues carried out through two-way communication between the
for the Company. The ESG Committee serves as the guide ESG Committee and the task forces. The ESG Committee
for the Board of Commissioners and Directors and oversees provides recommendations to the highest level of the ESG
the formation of the Company’s ESG strategy. task force, and the task force provides reports on the facts
occurring in the field.
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The duties and responsibilities of the ESG Committee are Implementation of ESG Committee Tasks
as follows:
1. Reviewing business processes and identifying, as The ESG Committee, along with AKR’s ESG Task Force, has
well as managing, AKR’s operations’ impacts on the formulated the AKR Sustainability House: PROGRESSING
environment, social aspects, and governance. WITH PURPOSE, which encompasses four main pillars
2. Observing and scrutinizing Indonesian and international that serve as guidelines and directives to implement
sustainability regulations and standards’ developments, sustainability strategies across the Company’s business
determining the relevant materials for AKR, and lines, namely:
providing recommendations to the highest level of the 1. Our Business Portfolio
ESG task force to formulate strategies, policies, targets, 2. Our People
and sustainability guidelines appropriate for AKR. 3. Our Communities
3. Periodically reviewing AKR’s sustainability strategies, 4. Our Conduct
policies, targets, and guidelines.
4. Assessing AKR’s sustainability performance in all Throughout 2023, the ESG Committee conducted
aspects of AKR’s Sustainability Commitment regularly. meetings twice and fulfilled its duties and responsibilities,
5. Evaluating the effectiveness of communication in including:
disseminating AKR’s sustainability policies to internal • Establishing the Company’s ESG Strategy and
and external stakeholders of AKR. formulating targets.
6. Participating in the development of public policies • Directing the development of necessary ESG Policies.
related to climate change and environmental impacts. • Overseeing the ESG programs for 2023.
• Directing the development of new code of ethics and
its dissemination.
Corporate Secretary
The Corporate Secretary is tasked with maintaining the 3. Selection of candidates through the fit and proper test
Company’s reputation and fostering communication mechanism involving AKR’s Board of Directors.
and good relationships with all parties, acting as a liaison 4. The results of the fit and proper test are processed by
between AKR and shareholders and other stakeholders. the relevant team to initiate the job mutation issuance
plan.
The Corporate Secretary also assists the Board of Directors 5. Confirmation of the Corporate Secretary accompanied
in establishing good relations between the Company as by the issuance of the Board of Directors’ Decree.
an Issuer and regulator and other institutions supporting 6. Submission of reports regarding the appointment/
the Capital Market, investors, the public, and stakeholders termination of the Corporate Secretary to the OJK.
in general, and managing information related to the
Company’s business environment. The appointment Roles and Responsibilities of the
of AKR’s Corporate Secretary is in accordance with OJK Corporate Secretary
Regulation No. 35/POJK.04/2014 regarding Corporate
Secretary of Issuers or Public Companies. The Corporate Secretary plays a crucial role, particularly in
implementing Corporate Governance. The main functions
Profile of the Corporate Secretary of the Corporate Secretary include:
1. Following the developments of the Capital Market,
The Company appointed Mr. Suresh Vembu as the especially the applicable regulations in the field of
Corporate Secretary based on Board of Directors Decision Capital Markets.
No. 1/L-HR/11/2019 dated November 1, 2019. Mr. Suresh 2. Providing input to the Board of Directors and Board of
Vembu’s profile can be found in the Company Profile Commissioners to comply with the regulations in the
section of this Annual Report. field of Capital Markets.
3. Assisting the Board of Directors and Board of
Mechanism for the Appointment of Commissioners in implementing corporate governance,
Corporate Secretary including:
a. Transparency of information to the public, including
The Corporate Secretary is appointed and dismissed by the availability of information on the Company’s
the Board of Directors with the approval of the Board website.
of Commissioners. The appointment of the Corporate b. Timely submission of reports to the Financial Services
Secretary is also reported to the OJK. In general, the Authority.
mechanism for appointing AKR’s Corporate Secretary is as c. Organization and documentation of General
follows: Shareholders’ Meetings.
1. Identification of the new Corporate Secretary’s needs d. Organization and documentation of Board of
from the Company. Directors’ and/or Board of Commissioners’ meetings.
2. Evaluation of candidates from the Company’s 4. Acting as a liaison between the Company and
employees. shareholders, Financial Services Authority, and other
stakeholders.
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Implementation of the Corporate 8. Acting as an ESG facilitator by overseeing the
Secretary’s Tasks implementation of ESG at the Company and conducting
workshops for the ESG task force;
Until the end of 2023, the Corporate Secretary carried out 9. Updating the Code of Ethics and conducting
their tasks and responsibilities as follows: dissemination to all employees;
1. Keeping abreast of developments in the capital market, 10. Developing necessary ESG policies as written
especially the latest regulatory updates applicable in statements of the Company;
the field of the Capital Market; 11. Participating in the Public Expose Live 2023 event, as a
2. Providing updates regarding relevant regulations and substitute for the Company’s 2023 Public Expose, which
current issues affecting the Company’s business to the was held on November 28, 2023, in Jakarta through an
Board of Directors and Commissioners; Online Zoom Webinar;
3. Maintaining communication with regulators and 12. Implementation of the Final Dividend Distribution for
submitting all required reports to relevant ministries, 2022 and the Interim Dividend for the third quarter of
the Financial Services Authority, and stock exchange 2023;
policy-making bodies such as the Indonesia Stock 13. Establishing external communication with
Exchange (IDX), KSEI, and other related institutions; shareholders, ESG Rating Agencies, governance-related
4. Establishing a Share Ownership Reporting Policy for communities, press and media, and contributing to the
Directors and Commissioners to strengthen insider education and promotion of corporate governance.
trading prevention;
5. Coordinating Board of Directors meetings and creating, Corporate Secretary Training
storing, and documenting Board Meeting Minutes;
6. Preparation of the Company’s Annual Report and To support the implementation of the Corporate Secretary’s
Sustainability Report; duties and responsibilities, AKR encourages participation
7. Organizing the Company’s Annual General Meeting of in training programs conducted formally and informally.
Shareholders in Jakarta on April 28, 2023, in a hybrid As of the end of 2023, the Corporate Secretary participated
format via KSEI Easy with the implementation of health in competency development as follows:
protocols;
Training
No Education/Training/Seminars Date of Training Organizer
Location
Bursa Efek Indonesia
1. ESG Strategy and Rating January 19, 2023 Zoom
& PwC Indonesia
Socialization of the General Guidelines for
Corporate Governance in Indonesia and the
2. February 22, 2023 Zoom KNKG & IICD
Implementation of the Annual Report Award
2022
Socialization of POJK No. 9 of 2023 regarding
the Use of Public Accountant Services and
3. August 1, 2023 Zoom OJK & IDX
Public Accounting Firms in Financial Services
Activities
Socialization of Changes to Regulations No.
4. I-V regarding Specific Provisions for Listing of August 3, 2023 Zoom Bursa Efek Indonesia
Shares and Equity Securities Other than Shares
Compliance Refreshment for Issuers and Bursa Efek Indonesia
5. August 22, 2023 Zoom
Public Companies & OJK
Professional Standards for Company August 19 & 26,
6. Zoom ICSA
Secretaries September 2, 2023
Socialization of the Potential Purchase of
September 19,
7. Carbon Credits Through Carbon Trading in Jakarta Bursa Efek Indonesia
2023
Indonesia
Socialization of Carbon Trading in Indonesia by
8. October 5, 2023 Zoom Bursa Efek Indonesia
the Indonesia Stock Exchange
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Training
No Education/Training/Seminars Date of Training Organizer
Location
Socialization of Criteria and Assessment of
December 20,
9. the ASEAN Corporate Governance Scorecard Zoom Bursa Efek Indonesia
2023
(ACGS) 2024
IAI & Bursa Efek
10. IFRS S1 & S2 Training December 22, 2023 Jakarta
Indonesia
The Internal Audit
The Internal Audit Unit is a supporting organ to the CEO, Guidelines for the Implementation of
tasked with realizing objectives through the examination Internal Audit Unit
of adequacy and implementation of internal controls,
risk management, and corporate governance processes. The Internal Audit Unit operates based on its Charter, as
The formation of the Internal Audit Unit adheres to a guideline for carrying out its duties and responsibilities.
the Financial Services Authority Regulation No. 56/ The Charter was initially drafted and approved by the CEO
POJK.04/2015 regarding the Establishment and Guidelines on December 30, 2009, with subsequent revisions and
for the Preparation of Internal Audit Unit Charters. updates, the latest being on August 13, 2015.
In executing its supervisory function, the Internal Audit Periodically, the Internal Audit Unit Charter is evaluated
Unit conducts assurance and consulting activities that and updated in accordance with Financial Services
are independent and objective, aiming to provide added Authority Regulation No. 56/POJK.04/2015 regarding
value and enhance the operational performance of the the Establishment and Guidelines for the Preparation of
Company. The Internal Audit Unit employs a systematic Internal Audit Unit Charters. The Charter governs various
and disciplined approach by evaluating and improving the aspects, including:
effectiveness of risk management processes, adequacy of 1. Vision and Mission of the Internal Audit Unit
controls, and overall corporate management. 2. Function and Organizational Structure of the Internal
Audit Unit
3. Requirements and Development of the Internal Audit
Unit
4. Authority, Duties, and Responsibilities of the Internal
Audit Unit
5. Implementation and Reporting of Audits and Ethics of
the Internal Audit Unit
6. Limitations of the Internal Audit Unit and Determination
and Approval by the CEO and Board of Commissioners
Vision and Mission of the Internal Audit Unit
VISION MISSION
To be an independent, objective, • To assist the Company’s management in achieving
performance targets by providing consultancy
professional unit that adds value to activities to enhance the efficiency and effectiveness of
support the Company’s management operations.
in achieving its business objectives, • To fulfill assurance functions to achieve Good Corporate
Governance and Operational Excellence.
Vision, and Mission.
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Internal Audit Organizational Structure
The Internal Audit Unit is part of the organizational structure of the company with the following positions:
President Director
Head of Internal Audit
Members
The Head of the Internal Audit Unit is appointed and 3. Selection of candidates through a fit and proper test
dismissed by the Board of Directors with the approval mechanism involving the AKR Board of Directors
of the Board of Commissioners based on the following and with special consideration from the Board of
mechanism: Commissioners assisted by the Audit Committee.
1. Identification of the needs for a new Head of the Internal 4. The results of the fit and proper test are processed by
Audit Unit from within the Company. the relevant team.
2. Evaluation of candidates from the Company’s 5. Confirmation of the appointment of the Head of the
employees as well as external candidates. Internal Audit Unit is accompanied by the issuance of
the Appointment Decree.
Profile of the Head of the Internal Audit Unit
Legal Basis of Appointment
Director’s Decree No. 35/L-HR/XI/2019 dated November 8, 2019.
Educational Background
Bachelor of Economics in Accounting from Atma Jaya University Jakarta
(2004).
Certification
ISO 9001 Auditor
Employment History
• Accounting – Section Head, PT Asuransi Adira Dinamika (2004-2009);
Antonius Setiawan • Internal Audit Group – Manager, PT Djarum (2010-2015);
Head of Internal Audit Unit • Internal Audit Group – Senior Manager, PT Tiphone Mobile Indonesia
(2016); and
• Internal Audit Group – Senior Manager, PT Central Cipta Murdaya (2016-
Age
41 years old
2019).
Concurrent Positions
Place and Date of Birth
Jakarta, April 28, 1982 None
Nationality Affiliated Relationships
Indonesia No affiliation with members of the Board of Commissioners, Directors, and
Controlling Shareholders.
Residence
Tangerang Selatan, Banten
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Functions and Position of the Internal 4. Preparing and conducting operational audits to
Audit Unit measure the efficiency and effectiveness of all Company
activities.
Functions of the Internal Audit Unit: 5. Preparing and conducting special audits (investigative
1. Conducting assurance and consulting activities that are audits) at the request of Management.
independent and objective, aimed at enhancing value 6. Based on audit results, providing assistance, input, and
and improving the Company’s operations through a recommendations for the improvement of Company
systematic approach, by evaluating and enhancing systems, procedures, and policies to achieve efficiency
the effectiveness of risk management, controls, and and effectiveness aligned with the Company’s Vision
corporate governance processes. and Mission.
2. Assisting the Company’s Management in implementing 7. Preparing and delivering audit reports,
Good Corporate Governance, including examination/ recommendations, and follow-up actions that have not
audit, assessment, presentation, evaluation, been, are being, and have been implemented to the
improvement suggestions, and conducting assurance President Director.
and consulting activities, to fulfill their duties and 8. Developing programs to evaluate the quality of internal
responsibilities effectively, efficiently, and in accordance audit activities.
with the policies determined by the Company.
Authority of the Internal Audit Unit
Position of the Internal Audit Unit:
1. Structurally, the Internal Audit Unit is lead by the Head 1. Determine independently the strategy, scope, methods,
of the Internal Audit Unit. and frequency of audits, subject to the approval of the
2. The Head of Internal Audit is appointed and dismissed President Director.
directly by the President Director after approval by the 2. Have access to all documents, records, systems, physical
Board of Commissioners. assets, and information owned by the Company related
3. The President Director may dismiss the Head of to the audited objects.
Internal Audit, after obtaining approval from the Board 3. Communicate directly with the Board of Directors,
of Commissioners, if the Head of Internal Audit does Board of Commissioners, and/or the Company’s Audit
not meet the requirements as an Internal Auditor as Committee.
regulated in the Financial Services Authority Regulation 4. Report obstacles and follow-up actions directly to the
No. 56/POJK.04/2015 and/or fails or is incapable of President Director.
performing duties. 5. Conduct regular and ad-hoc meetings with the
4. The Head of the Internal Audit Unit is directly and fully President Director, Board of Commissioners, and/or the
accountable to the President Director. Audit Committee.
5. Members of the Internal Audit Unit are directly 6. Coordinate its activities with External Audit activities.
accountable to the Head of the Internal Audit Unit. 7. Collaborate and coordinate with the Audit Committee.
Tasks and Responsibilities of the Internal Number of Employees and Certifications
Audit Unit
Membership of the Internal Audit Unit is in line with
1. Developing the annual audit strategy and work plan, as the needs of the Company and possesses technical
well as the auditor’s capability and skill development competencies in the field of audit as well as general
plan to ensure they are always updated and aligned competencies to support the execution of its duties.
with the Company’s development based on input from
the President Director and the Board of Commissioners. As of 2023, the Internal Audit Unit consists of 5 (five)
2. Preparing and conducting audits on the effectiveness individuals, comprising 1 (one) Head of Internal Audit Unit,
of internal control systems and risk management in 2 (two) Managers, 1 (one) Assistant Manager, and 1 (one)
accordance with the Company’s policies. Supervisor.
3. Preparing and conducting compliance audits to ensure
that all Company activities comply with the provisions/ The number of employees and certifications held by
policies of the applicable corporate regulations and employees of the Internal Audit Unit is as follows:
various applicable legal regulations.
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No. Name Education Experience Certifications
1. Agung Bachelor of Senior Auditor at Drs. Hanny, Wolfrey & ISO 9001 Auditor.
Cahyono Economics in Rekan Public Accountant Office.
Accounting from
Widya Mandala
Catholic University,
Surabaya.
2. Eko Romero Bachelor of • Section Head at PT Nipress Energy • Certified Forensic
Engineering Otomotif (a member of Johnson Auditor (CFrA).
from Bung Hatta Controls Inc.). • Lie Detector Workshop
University. • Internal Auditor at PT PGN Gagas, a • ISO 9001 Auditor
subsidiary of PT PGN Tbk (Persero). • Special Soft Skill for
• Quality Assurance and Quality Investigator.
Control at PT Sucofindo.
• Technical Staff at PT Benefita.
3. William Teguh Bachelor of • Specialist in Financial Fraud • Brevet A dan B (IAI)
Karya Putra Economics in Investigation at Profit Protection • Fraud Risk
Accounting (Audit Fraud Investigation Corporate Risk Management
concentration) and Integrity, PT Indah Kiat Pulp and Workshop (AFCE)
from Kwik Kian Gie Paper Tbk.
School of Business • Assistant Manager, Operation
formerly known as Controller at PT Sinarmas Distribusi
Institute of Business Nusantara.
and Informatics • Assistant Manager, Special
Indonesia. Investigation and Forensic Audit at
PT Sinar Mas Agro Resources and
Technology Tbk.
• Senior Internal Audit Staff at PT
Permata Andalan Abadi (Sole
Distributor of Semen Tiga Roda).
• Operation Compliance Executive
Staff at PT Soho Global Heath.
• Accounting Staff at CV Permata
Sejati.
• Asset Management Staff at PT
Bentara Sinergies Multifinance.
4. Rambo Bachelor of • Claims And Demurrage Analyst • Internal auditor ISPS
Tornando Engineering from Tanker, Waruna Shipping Group Code
Silaban Sepuluh Nopember • Claim Adjuster, Charles Taylor • Inspector Occupational
Institute of Adjusting PLC health and safety expert
Technology (ITS). • PT Surveyor Indonesia (Persero) of boiler and pressure
• Marine Surveyor (2014 to 2019) vessel safety expert
• Inspector Import Technical (AK3 PUBT).
Verification (VPTI) (2016 -2019) • Inspector OHS expert of
• Inspector - OHS Specialist for chemical (AK3 Kimia).
Chemicals (2017 -2018) • Inspector Import
• Diesel & Hydro Power Plant Technical Verification
Inspector (2016-2019) (VPTI).
• Pressure Vessel & Boiler Inspector • Inspector electrical
(2018 – 2019) generators & excitation
systems.
• Inspector diesel
powerplant level 2.
• Inspector electrical
generators & excitation
systems.
• Inspector hydro power
level 2.
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Highlights and Analysis
Implementation of Internal Audit Unit Internal Audit reports to the Board of Commissioners, the
Tasks in 2023 Board of Directors, and the Audit Committee as follows:
1. Audit results report
The Internal Audit Unit carried out the annual audit plan 2. Summary of follow-up reports on audit results
approved by the Company’s President Director. Audit 3. Report on the realization of audit activities
activities covered regular audits and special audits at
all branches of the Company and subsidiary entities Audit Realization 2023
throughout Indonesia.
In 2023, Internal Audit conducted operational audits
The Internal Audit Unit is responsible for examining and audits for specific purposes in business units and
business processes along with their risks and root causes subsidiaries according to its audit plan. For all audit and
to ensure compliance with policies, laws, and regulations review activities in 2023, the Internal Audit Unit issued
relevant to the Company. The examination includes 342 recommendations for Operational and Special
securing and utilizing assets, assessing the efficiency Audit findings. As of December 31, 2023, 93% or 318
of resource utilization, including the ability to minimize recommendations for Operational and Special Audits have
losses and wastage in producing an output, and reviewing been completed and the remaining are still in the follow-
the suitability of operational activities with standards. up process.
Internal Audit activities are carried out in accordance with The Audit process was conducted by 4 (four) auditors
applicable standards while considering appropriate risk together with the Head of Internal Audit, covering
management, effective internal controls, and avoiding the operational, trade and distribution, logistics, manufacturing,
emergence of fraud. Recommendations resulting from and financial aspects. In addition to conducting the above
the audit process will be reported to Management and the activities, the Internal Audit Unit holds meetings with the
Audit Committee and monitored for outcomes. Board of Directors and the Board of Commissioners/Audit
Committee. As of December 31, 2023, the Internal Audit
Unit held internal meetings and meetings with the Audit
Committee a total of 7 times. The details of the agenda are
as follows:
No Date Topic
1 June 22, 2023 Internal Audit & Risk Management Sharing Session
2 July 11, 2023 Follow-up Monitoring of Internal Audit Recommendations for Semester 1, 2023
3 August 15, 2023 Reporting of Internal Audit Results for the period of January - June 2023
4 October 20, 2023 Internal Audit & Risk Management Sharing Session
5 November 7, 2023 Reporting of Internal Audit Results for the period of July - September 2023
6 November 30, 2023 Follow-up Monitoring of Internal Audit Recommendations for Semester 2, 2023
7 February 15, 2024 Reporting of Internal Audit Results for the period of October - December 2023
Findings and Follow-up The key initiatives undertaken by the Internal Audit Unit
during 2023 in following up on recommendations and
Internal Audit conducted operational and special audits findings are as follows:
covering significant business processes such as sales, 1. The Internal Audit Unit conducted audits with a risk-
warehousing, accounting, tank terminal and warehouse based approach, focusing audits on specific areas/
operations, as well as truck and vessel operations under processes/products.
the supervision of the unit. 2. Regularly followed up on recommendations and
findings to ensure that recommendations are
In 2023, the findings and recommendations were implemented by the auditee according to the deadline.
discussed with the responsible units and reported to the 3. Coordinated with departments at the Head Office for
Company’s Management. The Internal Audit Unit followed some recommendations requiring action from the
up on the improvement process agreed upon with the Head Office.
respective units to strengthen internal controls and
minimize potential risks.
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INTERNAL
CONTROL SYSTEM
The Internal Control System (ICS) was established as Internal controls are optimally executed using various
the primary mechanism to ensure that the Company’s resources to identify inherent challenges, minimizing
management complies with corporate governance obstacles to the Company’s objectives, and managing
principles. The implementation of the ICS is carried out in them effectively. The ICS is designed, executed, and
all lines of business with a hierarchical system from initial overseen by the Board of Commissioners, the Board of
activities to compilation reporting. Directors, and active involvement of other management
members and all employees of the Company.
The internal control process is carried out to safeguard
assets, ensure the availability of effective financial and
management reporting, enhance compliance with
applicable regulations, and minimize risks, losses, and
violations.
Financial and Operational Control System
AKR implements an internal control system in two aspects: 3. Encouraging the Effectiveness of Budget Utilization
financial control and operational control. The Company Through internal controls, the Company monitors and
applies internal control systems through financial encourages the effective use of budgets to ensure they
information for every level of Management, Shareholders, do not deviate from established objectives.
and Stakeholders as the basis for decision-making.
Financial controls implemented by AKR include: Operational control systems are implemented by applying
1. Securing Company Assets policies and procedures to achieve goals and targets
As a business entity, the Company ensures the security and to ensure or provide accurate financial reporting in
of budget utilization and other assets, from planning, accordance with applicable regulations. AKR carries out
authorization, recording, distribution, disbursement, operational controls such as:
reporting, to accountability. 1. The Company establishes policies and procedures
2. Testing the Reliability of Financial Reports that serve as guidelines or operational activity guides,
The accountability of business management is reflected systems, technologies, financial reporting, and
in financial reports. The Company ensures the existence compliance.
of systems and procedures that enhance the quality of 2. The Company implements integrated information
preparation and presentation of financial reports, such systems to support operational activities, financial
as separating financial management functions. reporting, management reporting, and external
reporting.
3. Through the Internal Audit Unit, the Company tests
the effectiveness of internal control systems and
monitors corrective actions for identified control system
weaknesses.
Framework of Internal Control System
In formulating the ICS framework, the Company uses The Company implements internal controls to provide
internationally recognized frameworks issued by COSO adequate assurance of achieving the following three
(Committee of the Sponsoring Organizations of the objectives:
Treadway Commission) - Internal Control Integrated • Effectiveness and efficiency of operations;
Framework. This framework states that internal control is a • Reliability of financial reporting; and
process involving the Board of Commissioners, the Board • Compliance with applicable laws and regulations.
of Directors, and other personnel. This is in line with the
Company’s Internal Control System, which continues to
build an organizational control system involving all human
resources within AKR.
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AKR has assessed that internal control is a series of actions 3. Control activities that are continuously carried out
that encompass the entire process within the Company’s in determining policies and procedures established
business. Internal control is part of the basic management by management to help ensure that the Company’s
process, namely planning, implementation, and business objectives are achieved.
monitoring. Components of the internal control system 4. Information and communication enable individuals or
within the Company’s environment include: entities to obtain and exchange necessary information
1. Control environment, which includes the integrity, to carry out, manage, and control the Company’s
ethical values, and competence of individuals and operations.
entities, management philosophy and operating style, 5. Monitoring aims to assess the quality of the Company’s
how management provides authority and responsibility, performance. This is carried out through continuous
and organizes and develops the business in accordance monitoring activities, separate evaluations, or a
with management directives. combination of both.
2. Risk assessment aims to identify, analyze, and manage
risks related to various business activities of the
Company.
Alignment with COSO Standards
COSO (Committee of Sponsoring
No Organizations of the Treadway AKR Implementation
Commission)
1. Control Environment The Company has internal controls that reflect the overall attitude,
The control environment is a set of standards, awareness, and actions by the Board of Directors regarding the importance
processes, and structures that form the basis of internal controls in the company. The control environment elements
for the implementation of Internal Control are implemented in the form of oversight at all levels, namely entity-level
throughout the organization. There are 5 (five) controls and activity-level controls, supported by the following principles:
principles related to this component, namely: • In the execution of daily tasks, all employees including the Directors must
• The organization demonstrates a internalize the company’s values. Employees are also required to sign
commitment to integrity and ethical values. integrity pledges as a commitment to integrity and ethical values.
• The Board of Directors demonstrates • The Board of Commissioners consistently oversees the activities of the
independence from management Board of Directors and consistently provides input on issues faced by the
and oversees the development and Company, especially those related to internal controls.
implementation of Internal Control. • The organizational structure, reporting responsibilities, and necessary
• The Board of Commissioners and authorities to achieve business strategies have been clearly defined.
Management establish the necessary However, the Company continuously makes necessary changes to
structure, reporting lines, responsibilities, and adapt to changes so that the organizational structure becomes more
authorities to achieve objectives. responsive and efficient.
• The organization commits to attracting, • As part of human resources development, all employees undergo
developing, and retaining competent Performance Evaluations every 6 months to assess their performance
individuals to achieve objectives. during that period and how to improve their performance in the
• The organization holds individuals future. Relevant training related to tasks and responsibilities is provided
accountable for Internal Control in achieving continuously. Furthermore, new employee recruitment is always based
objectives. on seeking the best candidates who can become High Performers once
they join the company.
• Organizationally, Internal Audit is responsible for compliance with internal
controls. The Internal Audit team audits all aspects of the Company’s
operations and business processes, and the audit results are reported
to the President Director, Board of Directors, and Audit Committee. The
Internal Audit team is also responsible for following up on findings and
necessary improvements.
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COSO (Committee of Sponsoring
No Organizations of the Treadway AKR Implementation
Commission)
2. Risk Assessment • Risk management is conducted through a top-down approach involving
Risk assessment involves a dynamic and iterative the Board of Directors in identifying and evaluating overall key risks to
process of identifying and analyzing risks to align with the Company’s Vision, Mission, and strategic objectives, and
achieve objectives, and forms the basis for how also through a bottom-up process in operations to obtain the current risk
risks should be managed. There are 4 (four) profile from the perspective of Units/Divisions/Departments.
principles related to this component, namely: • The ERM team coordinates with risk owners to reassess and consolidate
• The organization establishes specific identified key risks and monitor the progress of risk mitigation plans, and
objectives to enable the identification and reports to the Board of Directors and Audit Committee.
assessment of risks related to those objectives. • In the risk identification process, risks are categorized into 4 (four)
• The organization identifies risks related to the categories: strategic, operational, compliance, and financial. Then, for
achievement of objectives across all entities the identified risks, risk assessment is conducted based on the level
and analyzes risks to form the basis for how of inherent risk (risk impact x likelihood), effectiveness of controls, and
risks will be treated. residual risk level.
• The organization considers the potential for • After identifying and determining the level of risk, priority risks are
fraud in risk assessment. obtained as the main focus, and necessary risk mitigation plans are
• The organization identifies and assesses determined to reduce the residual risk level for a particular risk, the
changes that will significantly affect the progress of which will be regularly monitored.
internal control system.
3. Control Activities • The company has clear policies and procedures as guidance for all
Control activities are actions established employees to achieve the predetermined strategic objectives. The
with procedures and policies to ensure that Company implements risk management to identify and assess risks that
management has directed to mitigate risks in may hinder performance. The Board of Directors and relevant parties are
achieving objectives. There are 3 (three) principles responsible for creating mitigation plans for identified risks. The ERM
in this component, namely: team coordinates with Internal Audit to test internal controls against
• The organization selects and develops control significant risks. Internal control mechanisms implemented include
activities that contribute to mitigating risks to compliance with systems and procedures, authorization limits, and
an acceptable level in achieving objectives. adequate segregation of responsibilities.
• The organization selects and develops control • The Company has information technology for all business processes, thus
activities generally related to technology in minimizing manual processes. The IT architecture and framework follow
achieving objectives. the principles of control matrices.
• The organization disseminates control • The Company implements and continually improves SOPs and Policies
activities through policies and procedures in in line with business developments and internal or external changes.
their implementation. Through the commitment of the Company’s leadership along with the
departmental managers, all policies are socialized and implemented at
every level of the business process.
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COSO (Committee of Sponsoring
No Organizations of the Treadway AKR Implementation
Commission)
4. Information and Communication • The Company has implemented adequate accounting, information, and
Information is required for the execution of communication systems used as tools in carrying out the tasks of all
Internal Control responsibilities in achieving employees according to their respective responsibilities. The accounting
objectives. Meanwhile, communication occurs system is a method of recording and reporting finances that comply with
both internally and externally by providing applicable financial accounting standards.
the necessary information for the daily • For the collection of necessary data, the Company has adequate
implementation of Internal Control. There are 3 information technology to generate, among others, business activity
(three) principles in this component, namely: reports, financial statements, and other reports required by the Board of
• The organization obtains and uses quality and Directors and Board of Commissioners. The Company has controlled risks
relevant information to support the functions related to the use of information technology such as data backup and
of other components within Internal Control. recovery, physical/logical access, and controls over applications including
• The organization internally communicates data processing compliance and accuracy, validation procedures, access
information, including objectives and control procedures, and divergent security. Thus, the Company ensures
responsibilities of IC, to support the functions that the information reported is accurate, timely, relevant, and available
of other components of Internal Control. to stakeholders.
• The organization communicates with • The Company has effective communication channels and encourages all
external parties regarding matters that affect employees to express their aspirations through various forums. The Board
the functions of other components within of Directors identifies important information required by the company,
Internal Control. summarizes it, and communicates it in the appropriate format and time
so that all employees can carry out their duties and responsibilities. In
addition, the Board of Directors also communicates with external parties
following the principle of transparency.
5. Monitoring Activity With an awareness that systems and procedures change over time due to
Continuous evaluation, separate evaluation, external and internal changes, changes in business processes, personnel
or a combination of both to ensure that all changes, new IT applications and technologies, and other factors, the Board
Internal Control components are available and of Directors and business unit leaders continuously evaluate and ensure
functioning. There are 2 (two) principles in this that internal controls remain relevant and function as intended. Monitoring
component, namely: activities regarding the adequacy of the Internal Control System are carried
• The organization selects, develops, and out periodically by the Internal Audit Team, and the monitoring results are
implements continuous and/or separate reported to the President Director, Board of Directors, and Audit Committee.
evaluations to ensure that all Internal Control The Internal Audit Team also coordinates with relevant parties to follow up
components are available and functioning. on corrective actions taken to address identified internal control weaknesses.
• The organization evaluates and communicates
Internal Control deficiencies to responsible
parties for corrective action.
Evaluation of the Effectiveness of the Internal Control
System
The Company has implemented the Internal Control at every level to contribute by monitoring and reporting
System in accordance with control principles, and overall any dishonesty within their respective areas of work.
evaluations indicate that the system is functioning well. To maintain a commitment to corporate governance,
The effectiveness of internal control is reflected in two the company continuously applies ethical principles at
processes: every level of the workforce.
1. Entity-level Process 2. Business-level Process
There has been an improvement in internal oversight Increased coverage of internal oversight in business-
at the entity level. The Internal Audit Unit has enhanced level processes has impacted financial reporting,
the quality of oversight and audit examinations of particularly in terms of more accurate and accountable
performance in each department, branch, and project. risk identification. This is evident from internal oversight
The Company promptly follows up on any criticisms and in inventory processes, financial reporting, sales, and
suggestions directed towards it, allowing all employees accounts receivable.
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Statement of the Board of Directors and/or Board of
Commissioners on the Adequacy of the Internal Control
System
Periodically, the Board of Commissioners and the Board of The Board of Commissioners and the Board of Directors
Directors review the effectiveness of the internal control assess that the company had an effective and adequate
system. The review covers the structural mechanisms and internal control system throughout 2023. This is evidenced
adequacy of internal control infrastructure. by risks that remain within tolerance levels in achieving
the objectives, such as the effectiveness and efficiency
of operations, the reliability of financial reporting, and
compliance with applicable laws and regulations.
RISK
MANAGEMENT
Risk management plays a crucial role in ensuring that Risk management is also carried out to strengthen the
business processes continue to run smoothly to support implementation of corporate governance principles,
targets and plans. One effective strategy to minimize especially related to enforcing healthy business practices
disruptions or risks to the business processes is through and providing added value in line with stakeholder
an effective and adequate risk management system. expectations.
Risk management is carried out by considering changes A series of risk management procedures and methodologies
in both internal and external dynamics. Therefore, identifies, analyzes, evaluates, and mitigates risks, aiming
risk management is always conducted systematically, to provide assurance and peace of mind to stakeholders for
structurally, and comprehensively while adhering to the the effective and efficient achievement of set objectives.
principle of prudence.
Corporate Risk Management
All individuals within the Company actively participate 2. Implementing and consistently communicating risk
in managing business risks. Risk management is carried management policies & procedures sustainably.
out through a top-down approach involving the Board 3. Ensuring that all significant/key risks of the Company
of Directors in evaluating overall key risks; and a bottom- have been identified, measured, and mitigated
up approach involving Department/Branch/ Subsidiary appropriately.
Leaders in assessing specific risks in each business unit. 4. Submitting priority risks requiring immediate attention
from Management based on the existing risk profile,
Responsibility for risk management is entrusted to the considering the impact and likelihood of risks after
ERM Department at the Head Office, which utilizes assessing the effectiveness of existing internal controls.
established risk management references, frameworks, 5. Ensuring and continuously monitoring the
policies, and procedures. implementation of established risk mitigation plans
within the specified time frame.
ERM Department 6. Reviewing and providing input to Branch/Division/
Department/Subsidiary leaders regarding risk
The ERM Department is tasked with managing the mitigation plans, including addressing new issues that
business risks identified by every individual within the arise during the implementation process of established
Company. The responsibilities of the ERM Department mitigation plans.
include: 7. Validating and verifying (especially for key risks) existing
1. Developing and proposing risk management concepts risk controls and the progress of risk mitigation plan
and frameworks, risk appetite, risk philosophy, risk implementation/action plans through direct field visits
tolerance, policies & procedures, risk management to Branches/Divisions/Departments/Subsidiaries.
structures to be implemented to the President Director
in line with the Company’s Vision and Mission.
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8. Conducting ongoing socialization to develop a culture 9. Creating and reporting Consolidated Risk Management
of care, ownership, and risk awareness, emphasizing Reports to the President Director and relevant Directors
that risk is the responsibility of all individuals at AKR. periodically.
Risks Faced by the Company and Risk Management
Efforts
AKR faced several risks during 2023 and its efforts in managing these risks are as follows:
No Types of Risks and Explanation Efforts to Manage Risks
1. Country Risk Economic and geopolitical risks.
The macroeconomic conditions of In 2023, the crisis in the Middle East also affected the global economy
Indonesia, political conditions, and and led to an increase in commodity prices (oil and basic chemicals),
government regulations affect the affecting supply chains. This greatly affects the Company if not
Company and other companies mitigated properly. In addition, inflation rates, Gross Domestic Product
operating in Indonesia. (GDP) growth, taxation, and various developments in politics and
other economic fields in Indonesia are also risk factors that need to be
considered.
2. Government Policy Change Risk Government policy changes, whether in taxation, currency control,
The Company faces the risk of interest rates, import-export restrictions, petroleum subsidy
government policy changes that can formulations, labor regulations, licensing, and investment, can impact
hinder and also create opportunities performance. Almost all petroleum products and some basic chemical
in carrying out the Company’s products traded and distributed are imported from abroad. If there are
business activities domestically. policy changes, import bans, import quota restrictions, customs duties
regulations, or import tariffs that may hinder imports or cause an
increase in import costs, performance may be affected. The awarding
of subsidized petroleum distribution contracts in the following years,
in addition to being based on government tender processes and the
continuation of government deregulation policies, also depends on the
ability to meet various criteria.
3. Industry Risk The trading and distribution segment is influenced by demand for
Supply and demand in the industries basic chemicals and Petroleum Products. Demand for basic chemicals
where the Company operates also and petroleum products also depends on the economic conditions
affect performance. in Indonesia, both nationally and regionally. The logistics services
segment also faces risks related to dependence on demand. The
Company provides logistics services and distribution infrastructure
facilities to third parties in Indonesia. Economic slowdowns in Indonesia
and globally can affect international trade, leading to a decrease in
shipping activities and demand for logistics services. In addition to risks
related to demand and supply levels, the Company also faces business
competition risks from other companies engaged in similar activities.
To anticipate these risks, the Company continues to improve its logistics
infrastructure in energy and industrial raw material distribution,
maintains good relationships with suppliers, and enhances the quality
of services to customers.
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No Types of Risks and Explanation Efforts to Manage Risks
4. Operational Risk The Company establishes standard operating procedures that are
Operational risks arise when the continually updated and improved to reduce the likelihood of risks
Company fails to meet standard and to ensure alignment with business demands and technology.
operating procedures, employee Additionally, the Company develops backup technology and operating
management failures, system systems in case the primary systems fail. A centralized IT system
disruptions, and external factors or supports monitoring in product storage and distribution. Employees
events such as weather changes, responsible for these systems undergo regular training to enhance
natural disasters, supply chain their skills and vigilance in handling other operational systems and
disruptions. These risks are related to tools. To ensure that operational risk management runs smoothly and
daily operations. continuously, the Company applies the Three Lines of Defense, namely
(a) business units managing day-to-day operational risks as preventive
controls, (b) Risk Management as detective controls, and (c) Internal
Audit as corrective controls.
5. Safety, Health, and Environmental To avoid such hazardous risks, the Company implements strict and
Risk detailed regulations concerning workplace safety and provides training
The Company may encounter Safety, for employees to handle undesirable conditions. SHE procedures are
Health, and Environmental (SHE) continuously updated in accordance with government regulations,
risks given its business activities organizational standards, and certifications in specific areas.
in basic chemicals, oil petroleum,
manufacturing, and logistics. These
risks include fires, product spills,
mishandling of waste, malfunctioning
equipment, system failures, and so on.
SHE risks also impact the community
around the operational areas.
6. Financial Risk Regarding credit risk, the Company implements strict monitoring
The main financial risks are credit in extending credit to customers. To mitigate the risk of commodity
risk, market risk (including interest price fluctuations and foreign currency exchange rate fluctuations,
rate risk, foreign currency exchange the Company adopts a stable business model with a pricing-based
rate risk, commodity price risk), and formula and manages forex risk through hedging. The Company’s
liquidity risk. financial risk management is detailed in the audited consolidated
financial statements prepared by Purwantono, Sungkoro & Surja Public
Accountants (a member firm of Ernst & Young).
Risk Management Report for 2023
No Risik Key Initiatives
1. Compliance risk and • AKR is proactive in meetings with the government related to the industries it
government regulation/ operates in to anticipate government policies.
policy changes • Monitoring and analyzing legal and regulatory changes that impact AKR’s
business.
• Conducting internal stakeholder awareness sessions regarding government
regulatory changes in a timely manner.
• Utilizing systems to monitor license and permit renewals/updates.
2. SHE Risk • Implementing Standard Operating Procedures (SOPs) for Safety, Health, and
Environment (SHE).
• Training and awareness sessions to emphasize the importance of SHE
implementation.
• Conducting safety observations (SOR) and SOP/Work Instruction (WI)
compliance audits.
• Updating policies and SOPs according to current developments.
• Performing periodic safety equipment and facility checklist inspections.
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No Risik Key Initiatives
3. Risk of changes in • Proactive participation in conferences discussing changes in the business
business environment, environment.
market conditions, and • Expanding networks among industry stakeholders.
business development to • Monitoring competitors of AKR’s business.
support growth. • Developing systems to expedite the analysis process.
• Establishing a business development function to explore new product
development.
• Monitoring the sales pipeline.
• Coordinating and fostering good relationships with principal companies.
4. Financial risk 1. Credit Risk:
• Credit limits are set for all customers based on internal assessment criteria
(5C analysis).
• Cash before delivery policy.
• Tightened credit issuance and regular review during global economic
situations affecting customer finances.
• Monitoring of collection targets and actual collections monthly.
• Monitoring and updating of customer industry conditions.
2. Liquidity Risk:
• Strict evaluation and supervision of cash inflows and outflows.
• Periodic monitoring of liquidity ratios.
3. Market Risk:
• Close monitoring of market interest rate fluctuations and market expectations.
• Determination of petroleum prices using a formula.
• Management of currency fluctuation risks through hedging.
• Net Open Position assessment.
• Utilization of spot contracts/short-term contracts to mitigate commodity
price fluctuations amidst global economic volatility.
5. Cyber & information • There is an information security policy.
security risks • Anti-virus and anti-spam measures.
• Document access restrictions, limitations on the use of external media (USB,
external hard disk), internet access restrictions tailored to the needs/interests of
relevant parties.
• Regular IT security awareness campaigns.
6. Risk in human capital • Campaigns/societalization to enhance understanding & implementation of
development, including Company values (e.g., newsletters, screen savers).
succession planning • Performance evaluation through PDC (people development committee).
& talent management • Continuous development (training).
and implementation of • Successor development & roadmaps especially for critical functions.
Corporate Values.
Evaluation of Risk Management System Effectiveness
The Company develops and enhances a framework for risk governance. The company has been able to minimize
management and an integrated, comprehensive internal or mitigate the impact and likelihood of risks. This is
control structure. This allows for early identification of evidenced by the effectiveness in terms of the quality,
potential risks affecting performance, enabling appropriate quantity, and timeliness of implementing mitigation plans
measures to minimize these risks. Risk management has for identified risks. Through this risk management system,
made a positive contribution to the planning process, management can make informed and strategic decisions
decision-making, and the strengthening of corporate regarding operations and its subsidiaries.
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Active Roles of the Board of Commissioners and the Board
of Directors
The roles of the Board of Commissioners in risk 2. Ensuring the effectiveness of risk management
management are as follows: implementation by ensuring it becomes an integral
1. Providing guidance and recommendations to the part of operational activities.
Directors in overseeing risk management practices and 3. Reviewing the risk profile and reports, including
implementation. ensuring and providing insights into key risks that need
2. Reviewing and ensuring that the Company and its priority in risk mitigation.
subsidiaries have the appropriate risk management 4. Reviewing established mitigation controls to ensure
framework and processes tailored to the business realization is sufficient and timely.
needs. 5. Ensuring the adequacy of human resources in
managing strategic risks, including setting tolerance
The roles of the Board of Directors in risk management are levels and risk treatments for each strategy.
as follows:
1. Developing a risk management culture throughout the
organization with a tone from the top approach, where
the development of risk culture starts from the Top
Management.
Efforts to Improve Risk Awareness Culture
AKR continuously improves the quality of risk management To promote efforts to improve risk awareness culture, a
implementation to ensure accurate risk identification and series of activities during 2023, included:
effective risk management. The Company is committed 1. Re-socialization/refreshment regarding risk
to promoting the implementation of risk management management and its practices (referring to Risk
at all management levels to become a working culture in Management Policy) to risk owners in branches.
everyday business activities. 2. Socialization regarding risk management and its
practices to new employees and conducting surveys
regarding employees’ understanding of risk awareness
culture.
Statement of Directors and/or Board of Commissioners on
the Adequacy of Risk Management Systems
The Board of Directors pays great attention to the In 2023, the Board of Directors assessed that the
implementation of risk management considering its implementation of risk management had been carried
role as the Company’s first line of defense. In this regard, out effectively and sufficiently, including the adequacy
the effectiveness of risk management implementation of procedures, mechanisms, and risk management
within the Company, including assessing the adequacy infrastructure owned by the Company. Therefore, in 2024,
of procedures, mechanisms, and risk management no changes in policy regarding the implementation of
infrastructure owned by the Company is reviewed. existing risk management systems are needed.
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LEGAL
ISSUES
Until the end of 2023, no material civil or criminal legal Legal issues faced by subsidiary entities indirectly in the
cases were faced by the Company, subsidiaries, Board of form of contractual obligations have been disclosed in the
Commissioners, or Directors. Audited Consolidated Financial Statements ending on
December 31, 2023, under Note 34 letter C. There were no
legal issues materially affecting the status, position, and
continuity of the Company’s business activities.
ADMINISTRATIVE
SANCTIONS
Throughout 2023, the Company did not incur administrative sanctions, so there is no information regarding this matter.
ACCESS TO COMPANY INFORMATION
AND DATA
The Company is committed to providing transparent The access to information is as follows:
information internally and externally in line with corporate
governance principles. As a public company, AKR has an 1. Online
obligation to disclose various information as required by The Company’s website located at https//www.akr.co.id,
the regulator. available in two languages, Indonesian and English,
contains information on:
Managing and disclosing information is crucial in a. Company Profile
building the Company’s image in the eyes of the public, b. Vision and Mission
especially stakeholders. Therefore, the Company strives c. Business Model
to provide current and useful information while adhering d. Financial Information
to applicable regulations to meet the public’s need for e. Latest News
information about activities. f. Company Presentations
g. Corporate Governance
Through the Investor Relations Division and the Corporate h. Environmental, Social, and Governance Performance
Secretary, the Company actively provides information i. Information Disclosure, and others
to stakeholders and facilitates stakeholders in accessing 2. Social Media
information about financial reports, company information, a. YouTube
publications (press releases), product information, and b. Instagram
corporate actions. c. Facebook
d. Twitter
The main channel for disseminating information e. LinkedIn
is through the Company’s website (www.akr.co.id). 3. Correspondence/Email
Information on AKR’s website is available in Indonesian The Company’s mailing address:
and English. In addition to the website, the Company AKR Tower, 26th Floor
also provides communication channels via email to Jl. Panjang No.5, Kebon Jeruk, West Jakarta 11530.
corporate.secretary@akr.co.id or by phone to +62 21 531 Emails addressed to the Corporate Secretary can be
1110 and continuously reports material information and sent to corporate.secretary@akr.co.id.
facts through Electronic Reporting to the OJK and the 4. Information Disclosure
Indonesia Stock Exchange (www.idx.co.id). Official letters through Electronic Reporting to the OJK
and the Indonesia Stock Exchange (www.idx.co.id).
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Investor Engagement and Communication
In carrying out its duties and functions, the Investor 2. Attended and participated in 10 International
Relations Division strives to maintain two-way Institutional Investors Conferences with participants
communication between external stakeholders and from domestic and international.
Management. This is achieved through various channels 3. Non-Deal roadshows conducted twice in Southeast
and events. We engage directly through: Asia and Europe reaching
1. Participation in public presentations; 4. Quarterly Analyst Briefings held 4 times (Full Year 2022
2. Attendance at conferences, non-deal roadshows, and Results, Q1 2023 Results, Q2 2023 Results, and Q3 2024
meetings with brokers; Results).
3. Conducting quarterly performance achievement 5. IDX Public Expose attended on September 28, 2023,
briefings; with a total of 174 participants, with replays watched
4. Face-to-face meetings arranged with existing more than 500 times.
shareholders and potential shareholders; and 6. Site Visits conducted in 2023, a total of 8 times in
5. Visits to operational sites. collaboration with leading local and foreign stockbrokers
in Indonesia with a total of 70 participants.
The Company also uses its website, regular email blasts, and 7. Actively maintaining relationships with stakeholders
other social media platforms to disseminate information through social media platforms such as YouTube and
available to the public. The Company ensures the accuracy Instagram, as well as interviews via Clubhouse.
of information and that it is presented comprehensively 8. Website Update: The Corporate Secretary Division, in
and available to all stakeholders simultaneously. collaboration with IR, has released news throughout
2023, providing information on current events, as well as
During 2023, the Investor Relations conducted various key brief analyses of quarterly financial results. In addition
programs as follows: to news, the IR division also consistently updates other
1. Company presentation for Retail Investors together menu content whenever there is new information.
with brokers and practitioners, trainers/influencers. 33
virtual meetings with direct participants ranging from
100 to 1,000, and the hits reached more than 1,000x.
Educational Background
• Master of Business Administration, IE Business School, Madrid and
Singapore Management University (2018)
• Bachelor of Economics in Accounting from Atma Jaya University Jakarta
(2004).
Employment History
• Senior Equity Analyst, PT BRI Danareksa Sekuritas (2018-2022);
• Research Assistant – PT BRI Danareksa Sekuritas (2017-2018);
• Foreign Exchange Trading Officer – PT Danareksa Persero (2016-2017);and
• Treasury Sales Officer, PT Danareksa Persero (2015-2016).
Ignatius Teguh Prayoga
Head of Investor Relations
Age
31 years old
Joined AKR
September 28, 2022
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Retail Investor Meetings
Date Activity Implementation
Sucor IG live “#Ctalks Assessing the Prospects of AKRA Jakarta, Indonesia,
24 January 2023
Issuers in 2024 by Sucor Securities teleconference
Jakarta, Indonesia,
20 February 2023 Deeptalk on Issuer: AKRA by Phillip Securities
teleconference
Emitalk - AKRA New Level of Profitability by Indopremier Jakarta, Indonesia,
14 April 2023
Securities teleconference
Extraordinary Issuers with AKR Corporindo by Bahana Jakarta, Indonesia,
14 May 2023
Securities teleconference
Jakarta, Indonesia,
10 June 2023 Indonesia Investment Education Webinar with AKRA
teleconference
Head office Mirae Surabaya,
5 July 2023 Mirae Corporate Day with AKRA
Jakarta
Smart Chat with AKRA Issuers PT AKR Corporindo Tbk by Jakarta, Indonesia,
2 August 2023
BNI Securities teleconference
Studio BNI Sekuritas,
10 August 2023 Gather and Chat with AKRA by BNI Securities
Jakarta Indonesia
Hotel Arrus, Semarang,
9 September 2023 Issuer forum AKRA by Mirae Securities
Indonesia
Explore the Track Record and Business Prospects of AKRa Jakarta, Indonesia,
26 September 2023
by Mega Capital Securities teleconference
Institutional Investor Meetings
Date Activity Implementation
Jakarta, Indonesia,
January 17, 2023 Verdhana Virtual Indonesia Corporate Day 2023
Teleconference
Singapore & Kuala Lumpur
February 13-14, 2023 Singapore & Malaysia Non-Deal Roadshows
Malaysia
Hotel Fairmont, Jakarta,
January 31, 2023 Mandiri Investment forum 2023
Indonesia
March 2, 2023 AKR Group meeting with Pension Funds by RHB Securities Jakarta, Indonesia
Grand Hyatt Erawan
March 8, 2023 19th CITIC CLSA ASEAN Forum 2023
Bangkok, Thailand
Conrad Hotel hongkong,
March 22, 2023 26th Credit Suisse Asian Investment Conference
China SAR
Milan, Helsinki, Stockholm,
May 15-18, 2023 Europe, Scandinavia & UK Non-Deal Roadshows
London
May 31, 2023 UBS OneASEAN Conference Fullerton hotel Singapore
June 15, 2023 AKR Group meeting with Pension Funds by RHB Securities Bandung, Indonesia
Conrad Hotel Seoul Korea
August 22, 2023 KIS Global Conference 2023
Selatan
Rosewood Hongkong
September 13, 2023 30th CITIC CLSA Investor Forum
China SAR
St.Regis Hotel Jakarta,
November 7, 2023 Verdhana Nomura Indonesia Conference 2023
Indonesia
Chiffley Tower, Sydney
November 23, 2023 IDX- UBS Indonesia Corporate Day
Australia
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CODE OF ETHICS
AND CONDUCT
The Company recognizes the importance of implementing The Code of Ethics and Conduct serves as a guide for
corporate governance to enhance long-term value and behavior for all employees in interacting with internal
sustainable business growth, not only for the shareholders and external parties. It has been introduced to all levels
but also for all stakeholders. Therefore, the establishment within the company and is written into the employment
of a Code of Ethics and Conduct is a commitment to contracts of all employees, which must be understood and
delivery. signed by all employees. All members of the Company are
expected to behave in accordance with its values and to
In line with changing values and the development of apply the Code of Ethics in their daily activities.
corporate governance guidelines, the Code of Ethics
and Conduct signed in November 2015 was renewed Socialization of the Code of Ethics and
in December 2023. The Code of Ethics and Conduct is a Integrity Pact
manifestation of commitment to comply with all legal
provisions and corporate governance guidelines. In 2023, AKR conducted the socialization of the Code of
Ethics and Integrity Pact to internalize understanding in
carrying out duties and responsibilities in accordance with
applicable regulations. AKR recorded that a total of 1654
employees have signed the Integrity Pact. The detailed
information regarding the socialization is as follows:
Session Date Speaker Location Participants
Corporate Secretary, Quality 130 Employees (Head
1 25 January 2024 Online (Microsoft Teams)
Assurance, Human Resource Office)
Corporate Secretary, Quality 95 Employees (Head
2 26 January 2024 Online (Microsoft Teams)
Assurance, Human Resource Office)
Corporate Secretary, Quality 178 Employees (Regional
3 2 February 2024 Online (Microsoft Teams)
Assurance, Human Resource Office)
Corporate Secretary, Quality 105 Employees (Regional
4 5 February 2024 Online (Microsoft Teams)
Assurance, Human Resource Office)
29 January - 7 854 Branch Employees
5 Human Resource Cabang Onsite
February 2024 (N4, N5)
24 January - 7
Completion of the Integrity Pact Signing Process for All Employees
February 2024
Key Points of the Code of Ethics
Introduction Guidelines for Interpersonal Behavior within the PT AKR
1. Background Corporindo Tbk Group
2. Objectives 1. Relations among AKR Individuals
3. Scope 2. Relations with Subsidiaries and/or Joint Venture
4. Terms and Definitions Companies
5. References
Guidelines for Relationships with Stakeholders
Basic Principles and Business Ethics Guidelines 1. Relationships with Suppliers, Business Partners,
1. Company Vision and Mission Creditors, and Customers
2. Company Culture 2. Relationship with the Government
3. Principles of Good Corporate Governance 3. Healthy Business Competition
4. Code of Ethics (Code of Ethic) 4. Relationship with Shareholders
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5. Relationship with the Community around Operational Guidelines for Protecting Company Assets
Areas 1. Supervision and Use of Company Assets
6. Equal Employment Opportunity 2. Confidentiality of Company Data and Information
3. Intellectual Property Rights Using Social Media Wisely
Guidelines for Occupational Health and Safety and
Environmental Management Guidelines for Conflict of Interest, Anti-Bribery, and
Anti-Graft
Guidelines for Working Behavior 1. Conflict of Interest
1. Compliance with Laws and Regulations 2. Anti-Bribery and Anti-Graft
2. Cooperation among AKR Individuals 3. Political Activities and Political Donations
Principles of the Code of Ethics
The principles of the Company’s Code of Ethics are as 3. Act professionally and uphold integrity in actions
follows: carried out on behalf of AKR and/or the AKR Group,
1. Compliance with Company Regulations: Company including refraining from abusing knowledge, position,
regulations must be upheld and adhered to by all or authority, refraining from engaging in individual or
employees. Violations of regulations or rules may result corporate criminal activities, and refraining from any
in warnings or termination of employment. form of fraud that harms the AKR Group.
2. Compliance to Avoid Conflicts of Interest: Decisions 4. Prevent and avoid conflicts of interest, or potential
made by employees must prioritize the interests of the conflicts of interest, with AKR and/or the AKR Group, as
Company. well as stakeholders.
3. Obligation to Maintain Company Confidentiality: 5. Respect and foster good relationships, upholding
Employees are not allowed to disclose information that humane values among colleagues, subordinates,
may harm the Company. superiors, shareholders, and stakeholders.
6. Immediately report violations that have occurred or
All Individuals within the Company without exception are may occur regarding the Code of Ethics, guidelines,
required to: behavior, company regulations, applicable laws and
1. Adhere to Company regulations and applicable laws regulations, and policies and procedures established by
and regulations while considering security, safety, AKR to superiors or through the whistleblowing system.
health, and the environment. 7. Be accountable for violations of the Code of Ethics that
2. Make decisions in line with the Company’s Vision, result in disciplinary sanctions, including termination
Mission, culture, Code of Ethics, behavior guidelines, of employment, and resolution through legal channels
company regulations, corporate governance principles, according to applicable laws and regulations.
provisions in the Articles of Association, and applicable
laws and regulations.
Implementation of the Code of Ethics for All Levels of the
Organization
All stakeholders, including the Board of Commissioners, Board of Directors, Supporting Organs of the Board of
Commissioners, and employees, are responsible for consistently implementing the Code of Ethics. The Board of Directors
and Audit Committee also monitor and ensure the implementation of the Code of Ethics for the sustainability of the
Company.
Dissemination of the Code of Ethics
Dissemination to all stakeholders of AKR includes:
1. Company website www.akr.co.id;
2. Annual Report;
3. Newsletter;
4. Pocketbook;
5. New employee orientation materials; and others.
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Enforcement Efforts and Sanctions for Violations of
the Code of Ethics
Every employee is required to sign a Code of Conduct when joining the Company and implement it in their daily activities.
The Company also periodically holds events to emphasize the application of the Code of Ethics for employees which can
result in warnings or termination of employment.
Sanctions for Each Type of Violation Stipulated in the Code
of Ethics
For Company employees proven to have violated the Code of Ethics stated in the Company Regulations, various sanctions
may be imposed, including:
No Type of Violation Type of Sanction
1. Violation of duties without causing harm: Verbal warning
2. First offense repetition maximum 2 (two) times Written warning
3. Violation of attendance, cleanliness, etc.: First Warning Letter (SP 1)
Second Warning Letter (SP
4. Repetition of offenses listed in SP I, at the threshold level stated in SP I
II)
Repetition of offenses listed in SP II, at the threshold level stated in SP II
5. Third Warning Letter (SP III)
resulting in loss
Termination of Employment
6. Violation causing significant loss to the Company
(PHK)
During 2023, no violations of the Code of Ethics were recorded.
LONG-TERM PERFORMANCE-
BASED COMPENSATION POLICY FOR
MANAGEMENT AND/OR EMPLOYEES
In 2023, the Company did not have a long-term performance-based compensation program for management and/or
employees. However, the Company will implement a share buyback program through a management and employee
stock ownership plan, which will begin at the 2024 Annual General Meeting. This is in compliance with OJK Regulation No.
29 of 2023 concerning Share Buyback by Public Companies, Article 25 letter c.
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ANTI-CORRUPTION
AND GRATIFICATION POLICY
The Company is committed to creating a healthy business to maintain a healthy and clean working environment,
climate, avoiding actions, behaviors, or acts that may lead free from fraudulent practices, through the provision of
to conflicts of interest, corruption, collusion, and nepotism a reporting and complaint mechanism (whistleblowing
(KKN), and always prioritizing Company interests over system).
personal, family, group, or factional interests. The Company
also consistently adheres to anti-corruption policies as Commitment to the implementation of anti-corruption
outlined in Law No. 20 of 2001 regarding Amendments to and gratification programs is also realized through the
Law No. 31 of 1999 concerning the Eradication of Corruption. signing of integrity pacts. Periodically, Company personnel
sign integrity pacts committing to uphold integrity,
The Company continuously encourages the comply with the implementation of the Company’s values
implementation of anti-corruption and gratification and culture, and adhere to the Code of Ethics in carrying
policies among employees to reaffirm regulations and out their duties and responsibilities.
to engage employees in the commitment to uphold
integrity, responsibility, and compliance. The Company also In 2023, there were no reports of gratuities received by the
promotes awareness and vigilance among all employees Company.
WHISTLEBLOWING
SYSTEM
The Company continuously strives to prevent fraud. One 4. Offering the opportunity to address violation issues
of the methods is the implementation of a Violation internally first before they escalate into public concerns.
Reporting System or Whistleblowing System (WBS). 5. Reducing organizational risks resulting from violations
The implementation of WBS is also a form of corporate in terms of finances, operations, legal matters,
governance to achieve goals in line with the Company’s occupational safety, and reputation.
Vision and Mission. 6. Reducing costs associated with handling the
consequences of violations.
The Whistleblowing System serves as a communication 7. Enhancing the Company’s reputation in the eyes of
channel for both internal and external parties to report shareholders, stakeholders, regulators, and the general
acts of fraud or violations committed by individuals within public.
the Company. Reports must be based on good intentions 8. Providing feedback to the organization to identify
and not personal grievances or ill-willed intentions/slander. critical areas and work processes with internal control
weaknesses and to design necessary corrective actions.
Some benefits of implementing a Whistleblowing System
include: Through this whistleblowing policy, it is also hoped to
1. Providing a means of conveying important and critical encourage checks and balances from all parties, thus
information to parties that need to be addressed fostering awareness among all parties to refrain from
promptly and securely. engaging in fraud, violations, or abuse of authority.
2. Encouraging reluctance to commit violations, as there Consistent and firm implementation of the policy will
is an increasing willingness to report violations due to be one of the efforts to maintain the continuity of clean
trust in an effective reporting system. business practices, compliance with regulations, and
3. Providing an early warning mechanism for potential upholding ethics.
problems resulting from a violation.
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Reporting Violations
Employees and other external parties may disclose All information through the above channels will be received
violations or suspected acts related to fraud, criminal directly by the President Director. With these 3 (three)
activity, unlawful conduct, unethical behavior, breaches reporting channels, it is hoped that the Whistleblowing
of implementation, or other actions that may harm the System can be optimized. The update to the violation
Company or stakeholders, committed by employees or reporting system policy was signed on October 6, 2021.
leaders of the Company, to be conveyed to the relevant The whistleblower must provide a justifiable initial
parties who can take action on the violation. indication of the reported fraud or violation accompanied
by supporting data (if any), including:
The reporting channels include: • Reported action/deed (What)
1. Reporting system based on website/online form at • Involved parties (Who)
https://wbs.akr.co.id. • Time of occurrence (When)
2. Email (lapor.haryanto.adikoesoemo@akr.co.id) • Place/location of occurrence (Where)
3. Whatsapp application (0811-1321-911) • How it happened (How)
Protection for Whistleblowers
The whistleblower is entitled to protection, and the 3. Ensuring that there are no adverse records in their
Company is committed to protecting whistleblowers acting personal file record.
in good faith. The Company will comply with all related 4. Assurance of protection against possible threats,
legal regulations and best practices in implementing this intimidation, punishment (criminal or civil), or other
Whistleblowing System. Protection for whistleblowers is unpleasant actions from the reported party.
intended to encourage reporting of violations and ensure 5. Protection for the whistleblower also applies to
the safety of the whistleblower, including: parties conducting investigations and those providing
1. Assurance of confidentiality of the whistleblower’s information related to the complaint.
identity and the content of the reported incident, 6. The whistleblower may report if they receive responses
except at the request of law enforcement. in the form of pressure, threats, or other retaliatory
2. Assurance of protection against adverse treatment of actions to the President Director. If this issue cannot be
the whistleblower, such as: resolved internally, the whistleblower is guaranteed the
a. Unfair dismissal; right to bring it to an independent institution outside
b. Demotion or reduction in rank; the Company.
c. Harassment or discrimination in any form;
Handling and Complaint Management Parties
Each report will be addressed and received directly by the President Director. Follow-up on the complaint will be
carefully handled in accordance with the Company’s provisions and applicable laws and regulations in Indonesia by the
internal team (Whistleblowing System Management Unit). Communication with the whistleblower will be conducted
confidentially by the whistleblower protection officer. This communication is conducted if information or clarification is
needed for further investigation.
Number of Reports and Follow-Up
In 2023, AKR recorded 10 complaint reports via the Whistleblowing System (WBS). The Company has resolved and followed
up on them according to applicable regulations.
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EFFORTS TO IMPROVE THE QUALITY
OF CORPORATE GOVERNANCE
IMPLEMENTATION
AKR encourages efforts to improve the quality of corporate The Company is committed to continually enhancing the
governance implementation. The excellent business quality of corporate governance implementation. Some
development to date is the result of consistency in of the efforts made by AKR to improve the quality of
implementing corporate governance principles. Likewise, corporate governance in 2023 include:
the trust given by investors is also attributed to the 1. Building internalization of policies as an effort to
consistent implementation of corporate governance. improve understanding in carrying out tasks and
responsibilities for all stakeholders.
2. Increasing understanding of the importance of corporate
governance implementation and sustainability values
in conducting business operations.
3. Maintaining communication channels for both internal
and external parties.
INSIDER TRADING
POLICY
The insider trading policy is a clear effort regarding any • Giving orders/instructions to execute buy or sell
trading in corporate shares conducted by Directors, transactions of AKRA shares;
Commissioners, and insiders to ensure that no one may • Influencing others to conduct Stock Transactions by
directly or indirectly benefit from information not yet providing Material Information as an Insider for their
available in the market. personal gain.
2. At the announcement of the Blackout Period, Insiders
The Company is obliged to protect the rights of all who still have pending Stock Transaction orders
shareholders. One practical way to achieve this is by must cancel those orders. The Corporate Secretary is
implementing a Blackout Period Policy for AKRA Share responsible for ensuring that the cancellation of Stock
Trading Transactions to prevent Insider Trading. This Transactions has been carried out.
period restricts Insiders who are privy to Unpublished
Material Information. The Company’s Blackout Period is implemented 10 (ten)
calendar days before the Company’s Financial Reports,
This policy serves as the foundation to ensure compliance whether quarterly, semi-annually, or annually, are released
with Good Corporate Governance and relevant legal to the public via the Stock Exchange. The general Blackout
regulations concerning Insiders of the company intending Period will end on the day the financial reports are released
to conduct Stock Transactions, including their Affiliates. to the Stock Exchange.
1. During the Blackout Period, Insiders of the Company
who possess Material Information are prohibited from
conducting Stock Transactions, including but not
limited to:
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INFORMATION
TECHNOLOGY
GOVERNANCE
AKR recognizes that Information Technology (IT) The Company is committed to utilizing and developing
management plays a strategic role in supporting the IT to be more productive, competitive, and adaptable
smoothness and effectiveness of business operations. to changes and challenges in business development,
Optimizing the implementation of IT in business processes thereby accelerating sustainable business growth.
not only supports cost leadership but also drives more Through the implementation of IT, the Company ensures
effective and efficient business sustainability. that operations run more efficiently, accurately, and are
oriented towards a quick response system. In general, the
Company encourages the implementation of IT strategies
that adopt relevant technological advancements
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Collaboration Simplification
Assurance &
Automation
Governance
In the development of IT systems, AKR is based on 4 (four) 3. Simplification: Streamlining processes to eliminate non-
values, as follows: value-added tasks and unnecessary or excessive tasks.
1. Collaboration: Developing productivity across business 4. Assurance & Governance: Ensuring availability,
processes. Key aspect: Mobility traceability, security, and alignment with overall
2. Automation: Simplifying workflows and shortening business and business objectives.
processing periods.
IT Manager
The person responsible for the management and development of IT at AKR is under the Information Technology
Department.
N.1
Information Technology
IT Security Compliance
N.2
IT Development (Core
IT Business Partner & IT Development IT Infrastructure &
Systems, Satelite
Management Off (Devices & Field) Operations
Apps, & MIS)
Enterprise Developer (Device & IT Data Center
Functional Analyst Network
Architecture Field) Operations
Developer (Core Devices Support & DBA & Deployment
IT Business Partner Desktop Support
Systems & Satelite Integration System
Apps)
N.3
User Help Desk
IT Application
Support
MIS
Devices & Field
Support
N.1
IT & Technical
Support
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Challenges and Strategic Programs of the IT Division in
2023
The IT Division identifies network stability/connection the network, improve network security, and centralized
and information system security as the challenges faced management in reducing complexity in applying
in implementing IT in 2023. To address these challenges, network configurations and policies from the head
the Company encourages the implementation of office to branches.
strategic programs based on the values of Collaboration,
Automation, Simplification, and Assurance & Governance 3. MIS & Reporting
as follows: Ensuring that data generated within applications or
systems can be obtained and processed well so that
1. Integration the data is utilized as the basis and reference in the
After IT has made efforts in automation and Company’s decision-making from financial and non-
simplification, it integrates all implemented applications financial aspects. Therefore, IT makes various overhauls
and systems into a unified, interconnected whole. to existing MIS and Reporting systems by adding a user
These applications/systems can connect to each other interface that is easily managed and flexible by users
to perform data transfers and expedite end-to-end and implementing a more secure user matrix.
processes.
4. Security
In this regard, the implementation of SCADA in the Enhancing security from both IT and user perspectives
blending and filling processes can be connected from by monitoring existing systems in the Company and
the head office to the Company’s terminals. IT strives to regularly conducting Penetration Tests to ensure IT
implement comprehensive integration from Customer security. In addition, strengthening (Hardening) is also
Relationship Management (CRM) generating Sales carried out for aspects that may harm the Company. IT
Orders, Enterprise Resource Planning (ERP) managing also conducts preventive measures through education
inventory, to blending and filling processes through in the form of IT Security Awareness and Training.
SCADA, minimizing human error and potential fraud,
and expediting processes. AKR has now adopted Application Programming Interface
(API) management. API is an innovation in software
2. Network development that enables applications to exchange data
The network and connections, which are data and functionality easily and securely. API offers security
distribution channels, are crucial factors in a process by design, as it serves as an intermediary facilitating
within applications or systems to ensure efficient functionality between two/more systems with additional
operation. Therefore, IT changes the network protection layers, between data and servers. Thus, AKR
architecture with the implementation of SD-WAN. can manage processes to distribute and control APIs
With SD-WAN, IT can enhance network performance that connect applications and data across the Company’s
to function actively, better manage load balancing in business lines.
Investment and Socialization of IT
As part of efforts to optimize the utilization of IT for the Company, specific investments are needed to maximize the role
of IT. IT investment is made by increasing the capacity of hardware and software used by the Company. Additionally,
investment is also made by enhancing the capacity of employees managing the Company’s IT.
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AKR Digital Transformation
CRM Application
Customer Budget
Customer Discount Simulation
Sales Order
Ordering Process Distribution Planning System
Daily Forecasting
Monthly Forecasting
Daily Planning
AKR Enterprise Resouce Tariff Management
Planning Fleet Management System
MOS (Mobile Ordering System) Queueing System
Registration Time
Weighbridge Time
Loading/Unloading Time
Covering TIme
Shipment Process
Reporting
In carrying out IT initiatives, the Company conducts various socialization activities on cybersecurity awareness embedded
in the new employee orientation program. Throughout 2023, the Company conducted various IT initiative activities.
Socialization has been conducted 30 times with 132 participants.
Data Privacy and Cyber Security
AKR recognizes that advancements in technology international standards and best practices.
must be accompanied by reliable data security and • Managing identified security risks to acceptable levels
cybersecurity aspects. In the increasingly complex digital as agreed by management, as documented in Key
era, AKR is required to continually enhance the readiness Performance Indicators (KPIs), within standard risk
and capabilities of the Company in facing cyber threats. tolerance limits by designing, implementing, and
To address these challenges, the Company issues a maintaining risk improvement plans.
cybersecurity policy covering risk management related • Building a culture of accountability and increasing
to confidentiality, integrity, and availability of Information, awareness among all personnel.
namely the Cybersecurity Incident Response (CIR) system. • Establishing responsibility and accountability
for information security policies and governance
CIR is a management system that enables the Company throughout the Company.
to manage cybersecurity incidents quickly and effectively.
Through CIR, AKR can provide rapid and accurate IT ensures that the implementation of existing governance
responses to cybersecurity incidents, thereby reducing or in regulations and SOPs is carried out properly by all IT
isolating negative impacts and expediting the recovery of departments. To achieve this, IT conducts reviews and
affected systems. audits to maintain data privacy, especially related to
cybersecurity, by collaborating and coordinating security
In accordance with the implementation of policies and standards. Supervision and improvement of the Data
standard operating procedures, IT governance and Center and Disaster Recovery Center are conducted by
cybersecurity consist of IT Data Center Operations, IT regularly storing data backups and testing the backup
Network, IT Security and Compliance, IT Development, data to minimize risks during disruptions.
and IT Infrastructure and Operations. The implementation
of these policies falls under the authority and responsibility AKR continues to make improvements to enhance the
of the AKR Information Technology Department. The Company’s information security. This is done to ensure
objectives of this policy are: that the objectives of information security are met and can
• Formulating organizational strategies through the adapt to changes in the cybersecurity threat landscape,
protection of non-public material data and information as well as considering evolving organizational, legal, and
of the Company using relevant references from regulatory requirements.
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Throughout 2023, the Information Technology Department, as the responsible party for managing and developing IT at
AKR, conducted technical training and socialization to all employees regarding the importance of safeguarding personal
data. The cybersecurity training for employees conducted is as follows:
Number of
No. Training Program
Participants
1. (3 January 2023) Cyber Security Training for New Employees 10
2. (17 January 2023) Cyber Security Training for New Employees 6
3. (3 February 2023) Cyber Security Training for New Employees 6
4. (17 February 2023) Cyber Security Training for New Employees 1
5. (3 March 2023) Cyber Security Training for New Employees 2
6. (15 March 2023) Cyber Security Training for New Employees 1
7. (3 April 2023) Cyber Security Training for New Employees 8
8. (17 April 2023) Cyber Security Training for New Employees 4
9. (25 April 2023) Cyber Security Training for New Employees 1
10. (5 May 2023) Cyber Security Training for New Employees 7
11. (8 May 2023) Cyber Security Training for New Employees 1
12. (15 May 2023) Cyber Security Training for New Employees 1
13. (24 May 2023) Cyber Security Training for New Employees 1
14. (6 June 2023) Cyber Security Training for New Employees 13
15. (3 July 2023) Cyber Security Training for New Employees 7
16. (14 July 2023) Cyber Security Training for New Employees 17
17. (17 July 2023) Cyber Security Training for New Employees 4
18. (24 July 2023) Cyber Security Training for New Employees 3
19. (1 August 2023) Cyber Security Training for New Employees 1
20. (4 August 2023) Cyber Security Training for New Employees 4
21. (9 August 2023) Cyber Security Training for New Employees 11
22. (14 August 2023) Cyber Security Training for New Employees 1
23. (21 August 2023) Cyber Security Training for New Employees 1
24. (5 September 2023) Cyber Security Training for New Employees 3
25. (18 September 2023) Cyber Security Training for New Employees 4
26. (27 September 2023) Cyber Security Training for New Employees 5
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Highlights and Analysis
Number of
No. Training Program
Participants
27. (2 October 2023) Cyber Security Training for New Employees 1
28. (5 October 2023) Cyber Security Training for New Employees 1
29. (9 October 2023) Cyber Security Training for New Employees 1
30. (16 October 2023) Cyber Security Training for New Employees 6
Performance Achievement in Implementing IT in 2023
Performance achievements in implementing 3. Simplification: Upgrading existing implemented
Collaboration, Automation, Simplification, and Assurance applications and systems to simplify ongoing processes,
in line with the IT Strategy throughout 2023 include: such as enhancing the functionality and capabilities
1. Collaboration: Focusing on the Company’s interests of Enterprise Resource Planning (ERP), Distribution
both internally within IT and externally, through regular Planning, Customer Relationship Management (CRM),
meetings and updates with Division Heads, ensuring and others.
that needs for automation and simplification can be 4. Assurance: Continuously ensuring IT Governance and
efficiently and effectively addressed. Assurance implementation by monitoring IT security
2. Automation: Transforming manual tasks into and providing education to staff actively involved in
applications and systems to enhance the Company’s maintaining IT security.
performance and support operations, such as the
implementation of SCADA in the blending and filling
processes at AKR terminals.
Future IT Development Plans
AKR is committed to continuously developing IT as part of 1. Data Analytics: Optimizing data usage for analysis
the Company’s strategy to create more effective, efficient, rather than just reporting, allowing the Company to
and transparent operations. Based on the framework make more accurate decisions.
of the IT development vision and core values such as 2. Improving SD WAN performance to enhance network
Collaboration, Automation, Simplification, and Assurance and connection performance.
& Governance, the company has outlined strategic IT plans 3. Enhancing the skills and knowledge of IT resources to
for 2024 focusing on: adopt and implement technology solutions more easily
and quickly.
Guidelines for Corporate Governance Implementation
AKR continues to improve the implementation of • Regular updates on the company’s website (www.akr.
corporate governance principles, including Ethical co.id).
Behavior, Accountability, Transparency, and Sustainability. • Periodic dissemination of information through news
The Company integrates these principles into all business releases to stakeholders.
processes, including Procurement Procedures, Employee
Selection Procedures, Recruitment Procedures, Reporting The Company ensures understanding of its commitment
Procedures, and Marketing Procedures. to corporate governance among all its personnel. There are
Activities that provide information to external stakeholders three main focuses on corporate governance:
regarding operational and financial performance, include: 1. Compliance: The adherence to Good Corporate
• Investor relations activities (analyst meetings and Governance in all aspects, including policy
roadshows to various investment institutions). implementation.
• Annual public presentations. 2. Confidence: Instilling optimism and confidence that the
Company always delivers the best for all stakeholders.
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3. Transparency: Prioritizing openness and providing The governance guidelines cover five aspects,
necessary information to investors. eight principles, and 25 recommendations for the
implementation of corporate governance aspects and
In implementing corporate governance, AKR adheres principles. These recommendations serve as standards
to Financial Services Authority Regulation (POJK) No. 21/ for the application and principles that the Company must
POJK.04/2015 regarding the Implementation of Guidelines comply with or explain. The application details can be
for Public Company Governance and Financial Services outlined as follows:
Authority Circular Letter (SEOJK) No. 32/SEOJK.04/2015
regarding Guidelines for Public Company Governance.
No. Principle Recommendation Explanation of Implementation at AKR Description
1. Aspect 1: The Relationship of the Public Company with Shareholders to Ensure Shareholders' Rights.
Principle 1: Publicly listed companies At the Annual General Meeting (AGM) fulfilled
Enhancing the have methods or technical held on April 28, 2023, the provisions
Value of General procedures for collecting regarding decision-making mechanisms
Meeting of votes, both openly and related to the agenda items and
Shareholders. closed, which prioritize procedures for exercising the rights of
independence and the attending shareholders to ask questions
interests of shareholders. and/or express opinions are as stated
in the Meeting Rules uploaded on the
Company's website and distributed to
shareholders before entering the meeting
room, along with the key points read by
the moderator before the meeting began.
The Company has appointed independent
parties, namely the Securities
Administration Bureau of PT Raya Saham
Registra and Notary Aulia Taufani SH, to
conduct the vote counting process and/or
validation.
All members of the Board of In accordance with OJK Letter No. Fulfilled
Directors and the Board of S-92/D.04/2020 dated March 18, 2020, with
Commissioners were present the Annual General Meeting (AGM) was Explanation
at the Annual General conducted as efficiently as possible in a
Meeting (AGM). hybrid manner facilitated by the eASY
KSEI application without compromising its
validity, while still adhering to applicable
regulations.
• All members of the Board of
Commissioners participated in the
AGM, namely Soegiarto Adikoesoemo
(President Commissioner), I Nyoman
Mastra (Commissioner), and Mohamad
Fauzi Maulana Ichsan (Independent
Commissioner).
• The Board of Directors was represented
by Haryanto Adikoesoemo (President
Director), Jimmy Tandyo (Director),
Mery Sofi (Director), Suresh Vembu
(Director), Nery Polim (Director), Ter
Murti Tiban (Director), and Bambang
Soetiono Soedijanto (Director), who
participated in the AGM via video
conference through eASY KSEI.
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No. Principle Recommendation Explanation of Implementation at AKR Description
The summary of the minutes The summary of the minutes of the fulfilled
of the Annual General Annual General Meeting has been
Meeting is available on the available on the Company's website.
Publicly Listed Company's
website for at least 1 (one)
year.
Principle 2: Publicly listed companies The Company has a communication fulfilled
Enhancing have a communication policy with shareholders or investors. The
the Quality of policy with shareholders or company always updates information
Communication investors. for shareholders or investors through
of Publicly Listed the company's website. Shareholders
Companies with can communicate directly to obtain the
Shareholders or necessary information by contacting
Investors. the Investor Relations and/or Corporate
Secretary contact numbers or email
provided on the Company's website.
The publicly listed company The Company discloses its communication fulfilled
discloses its communication policy with shareholders or investors on its
policy with shareholders or website. The Company has also prepared
investors on its website. a Request Information form to facilitate
communication with shareholders or
investors. You can access the form at
https://www.akr.co.id/request.
II. Aspect 2: Functions and Roles of the Board of Commissioners
Principle 3 The determination of the The determination of the number of fulfilled
Strengthening number of members of the members of the Board of Commissioners
the Membership Board of Commissioners has been carried out by considering
and Composition takes into account the the Company's condition and also in
of the Board of condition of the publicly accordance with the provisions of POJK
Commissioners listed company. No. 33/POJK.04/2014 Regarding the Board
of Directors and Board of Commissioners
of Issuers or Public Companies.
The determination of the The determination of the composition fulfilled
composition of the Board of of the Board of Commissioners is done
Commissioners considers by considering the diversity of expertise,
diversity in expertise, knowledge, and experience of each
knowledge, and experience member so that they are able to carry out
required. the oversight function of the Company
effectively. As of December 31, 2023, the
number of Board of Commissioners is 3
(three) persons.
Principle 4 The Board of Commissioners The Board of Commissioners of Fulfilled
Enhancing has a self-assessment the company has implemented a
the Quality policy to evaluate the self-assessment policy to evaluate
of Duties and performance of the Board of the performance of the Board of
Responsibilities Commissioners. Commissioners.
of the Board of
Commissioners.
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250
No. Principle Recommendation Explanation of Implementation at AKR Description
This self-assessment The self-assessment policy for evaluating Fulfilled
policy for assessing the the performance of the Board of
performance of the Board of Commissioners has been disclosed
Commissioners is disclosed through the Company's Annual Report.
in the Annual Report of the
publicly listed company.
The Board of Commissioners The Board of Commissioners has a Fulfilled
has a policy regarding policy regarding the resignation of
the resignation of Board Board members if they are involved in
members if they are involved financial crimes in accordance with the
in financial crimes. Company's Board of Directors and Board
of Commissioners Working Guidelines, as
well as relevant laws and regulations.
The Board of Commissioners The Nomination and Remuneration Fulfilled
or the Committee Committee has implemented succession
responsible for Nomination policy principles in the process of
and Remuneration functions nominating members of the Board of
formulate a succession policy Directors and Commissioners of the
in the Director nomination Company in accordance with the Charter
process. of the Nomination and Remuneration
Committee.
III. Aspect 3: Function and Role of the Board of Directors
Principle 5 Determining the number of The determination of the number of Board Fulfilled
Strengthening Board of Directors members of Directors is made by considering the
Membership and considers the condition of Company's condition and effectiveness in
Composition the Publicly Listed Company decision-making, in accordance with the
of the Board of as well as effectiveness in Articles of Association and the Working
Directors decision-making. Guidelines of the Board of Directors and
Board of Commissioners.
The determination of the The determination of the composition fulfilled
composition of the Board of of the Board of Directors has been made
Directors considers diversity considering the diversity of expertise,
of expertise, knowledge, and knowledge, and experience required to
experience needed. carry out the management functions and
responsibilities effectively.
Directors overseeing Mrs. Ter Murti Tiban, a Director overseeing fulfilled
accounting or finance areas the accounting or finance area,
possess expertise and/or possesses experience, expertise, and/
knowledge in the field of or knowledge in the field of accounting.
accounting. She has undergone the nomination
process conducted by the Nomination
and Remuneration Committee and
subsequently reappointed through the
decision of the Annual General Meeting
(AGM) on April 30, 2020.
Principle 6 The Board of Directors has The Board of Directors has a self- fulfilled
Enhancing a self-assessment policy to assessment policy.
the Quality evaluate the performance of
of Duties and the Board of Directors.
Responsibilities
of the Board of
Directors.
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No. Principle Recommendation Explanation of Implementation at AKR Description
The self-assessment policy The self-assessment policy for evaluating Fulfilled
(Self-Assessment) for the performance of the Board of
evaluating the performance Directors has been disclosed through the
of the Board of Directors is Company's Annual Report.
disclosed through the annual
report of the publicly listed
company.
The Board of Directors The Board of Directors has a policy Fulfilled
has a policy regarding the regarding the resignation of Directors if
resignation of Directors if they are involved in financial crimes in
they are involved in financial accordance with the Company's Board
crimes. of Directors and Board of Commissioners
Working Guidelines as well as relevant
laws and regulations.
IV Aspect 4: Stakeholder Participation
Principle 7: The publicly listed company The company has a policy to prevent Fulfilled
Enhancing has a policy to prevent insider insider trading, one of which is by
Corporate trading. establishing a 10-day Blackout period
Governance before the financial report release
through date, and requiring management
Stakeholder to report stock transactions to the
Participation corporate secretary as insiders. The
reporting mechanism policy was further
strengthened in 2023 with a policy on
reporting share ownership by Directors/
Board of Commissioners, where Directors/
Board of Commissioners are directed
to inform transaction plans before and
after execution with the approval of the
Corporate Secretary.
The publicly listed company The Company has established anti- Terpenuhi
has anti-corruption and anti- corruption and anti-fraud policies outlined
fraud policies in place. in the Code of Ethics.
The publicly listed company The Company has a policy regarding the
has a policy regarding the selection and enhancement of supplier or
selection and enhancement vendor capabilities. Additionally, in 2023,
of supplier or vendor the company strengthened this policy
capabilities. by issuing the Sustainable Procurement
policy.
The publicly listed company The Company has a policy regarding the
has a policy regarding the fulfillment of creditors' rights.
fulfillment of creditors' rights.
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252
No. Principle Recommendation Explanation of Implementation at AKR Description
Additionally, the company The Company has implemented a
has a whistleblowing system whistleblowing system policy. In 2021, the
policy. Company improved the whistleblowing
system by adding reporting channels,
which previously only consisted of a
website/online form-based reporting
system, now also including email and
WhatsApp. With this system, it is hoped
to optimize the whistleblowing system
reporting process in the company. [Link
to whistleblowing system: https://wbs.akr.
co.id/]
During the Code of Ethics socialization,
the Company also motivates its personnel
to engage in collective oversight of the
implementation of the code of ethics
and emphasizes the function of the
whistleblowing system in the complaint
process.
The publicly listed company The Company has an MSOP (Management
has a policy of providing Stock Option Plan) program provided
long-term incentives to to the Board of Directors, Board of
the Board of Directors and Commissioners (except for Independent
employees. Commissioners), and certain employees.
The MSOP 2015 program ended on April
8, 2020.
Aspect 5: Information Disclosure
Principle 8: The publicly listed company The Company's information disclosure has fulfilled
Enhancing utilizes information been carried out through the Indonesia
Information technology more extensively Stock Exchange website as well as the
Disclosure beyond the website as Company's own website.
Practices. a means of information
disclosure.
The Annual Report of the The 2020 Annual Report has disclosed
publicly listed company the ultimate beneficial owners, the list of
discloses ultimate beneficial Company Shareholders with ownership
owners in the ownership >5%, and also the 20 largest shareholders
of the company's shares of of the Company.
at least 5%, in addition to
disclosing ultimate beneficial
owners in the ownership
of the company's shares
through major shareholders
and controllers.
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Highlights and Analysis
COMPLIANCE WITH CORPORATE
GOVERNANCE GUIDELINES
No Description Apply AKR Implementation
1 Roles and Responsibilities of the Board of Directors and Board of Commissioners
1.1 Roles and Responsibilities of the Board of Directors
Rekomendations
To achieve sustainable value creation, the fulfilled In the guidelines for the Board of Directors and Board
Board of Directors fulfills its leadership role of Commissioners of AKR, it is stated that certain values
and strives to achieve governance outcomes MUST be adhered to by the Board of Directors and Board of
as follows: Commissioners, including:
• Competitiveness and focus on long-term • Integrity
performance; • Commitment
• Ethical and responsible conduct in • Team Collaboration
business operations; • Honest and Open Communication
• Positive contribution to society and the • Trust and Respect
environment; and • Value Creation
• Ability to withstand and grow (corporate • Continuous Improvement
resilience).
Each Director and Commissioner must optimize their abilities
to achieve the Company’s Vision and Mission in continuously
enhancing value for shareholders and stakeholders, while
adhering to applicable regulations.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.1.2 The Board of Directors must ensure that fulfilled In the guidelines for the Board of Directors and Board of
the corporate mission, vision, objectives, Commissioners of AKR, it is mentioned that one of the
targets, strategies, and annual and medium- mandatory values to be adhered to by the Board of Directors
term plans are consistent with long-term and Board of Commissioners is that they must optimize their
goals, utilizing innovation and technology capabilities to achieve the Company’s Vision and Mission in
effectively. continuously enhancing value for shareholders and related
parties. AKR continues to evolve, adapting to the needs
of stakeholders to grow sustainably, one of which is by
optimizing its IT system to monitor product movements and
statuses and plan efficient distribution. AKR has proven that
the company can consistently perform well in various crisis
and economic phases, which is also evidence of AKR’s success
in adapting and transforming to remain relevant to changes.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.1.3 The Board of Directors ensures that the fulfilled AKR’s Board of Directors ensures a risk management culture
corporation implements appropriate and across all levels of the organization with a top-down approach
effective risk management and internal starting from Top Management. The Board ensures the
control systems that align with the corporate effectiveness of risk management implementation as an
vision, mission, objectives, targets, and integral part of the Company’s business activities by regularly
strategies, while complying with applicable reviewing the risk profile and reports, including providing
laws and standards. insights on priority risks in mitigation, reviewing mitigation
controls to ensure implementation realization, and ensuring
adequate human resources to manage strategic risks.
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No Description Apply AKR Implementation
1.1.4 The Board of Directors ensures the integrity fulfilled
of corporate accounting and financial
reporting systems and timely and accurate
disclosure of all material information
regarding the corporation.
1.1.5 The Board of Directors ensures that fulfilled The Sustainability Report has been prepared based on POJK
sustainability reporting is prepared as 51 and GRI 2021 with references.
required.
1.1.6 The board builds a framework for corporate fulfilled AKR's technology system is designed to ensure the quality
information technology (IT) governance that and quantity of products reaching consumers and to prevent
aligns with the corporation's business needs fraud in the distribution process. Technological systems,
and priorities, drives business opportunities including online platforms like Teams, Outlook, and CRM, are
and performance, strengthens risk implemented to facilitate work while ensuring cybersecurity.
management, and supports corporate goals
and strategies.
1.1.7 For corporations conducting business N.A
activities based on Sharia principles, the
Board of Directors needs to ensure the
authority and availability of adequate
supporting mechanisms so that the Sharia
Supervisory Board can effectively fulfill its
role.
1.1.8 The Board Charter is periodically reviewed. fulfilled The Board Charter in the form of Guidelines for the Board of
The Charter includes, among other Directors and Board of Commissioners was signed in 2015 and
things, the allocation of roles for Directors is still considered relevant as a guideline for the work of the
individually, which can be regulated in Board of Directors & Commissioners.
the Board Charter or through a Director's
resolution. Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.1.9 The Board has a policy regarding the fulfilled The Board of Directors have the right to resign from their
resignation of Directors if they are involved positions and are required to submit a written resignation
in financial crimes and proven to have letter to the Company at least 90 days before the date of their
committed wrongdoing. resignation. The Company must convene a General Meeting
of Shareholders to decide on the resignation of a Director
within a maximum period of 90 days after receiving the
resignation letter. If the Company does not convene the GMS
within the specified period, the resignation of the Director
shall be considered valid without the need for the approval of
the GMS. A resigning Director may still be held accountable
for their duties as a Director until their resignation is
acknowledged in the subsequent GMS.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.2 Performance Evaluation - Board of Directors and its Members
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No Description Apply AKR Implementation
Rekomendasi
1.2.1 The Board of Commissioners conducts fulfilled The AKR Board of Commissioners evaluates the performance
an annual formal evaluation objectively of the Board of Directors based on indicators such as
and independently to determine the compliance with the Board of Directors’ Guidelines, the
effectiveness of the Board of Directors and execution of duties and responsibilities of each director, the
each individual director. implementation of resolutions from the General Meeting
of Shareholders, the achievement of the Company’s
performance in financial, operational, and administrative
aspects, as well as compliance with applicable laws and
regulations and Company policies.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.2.2 The Board of Commissioners, in consultation fulfilled • The Board of Commissioners is responsible for overseeing
with the Nomination and Remuneration the management policies, general management, both
Committee, is responsible for determining regarding the Company and the Company’s business, and
the performance evaluation criteria and providing advice to the Board of Directors. The Board of
assessing the performance of the President Commissioners must carry out its duties and responsibilities
Director and other members of the Board of in good faith, full responsibility, and prudently.
Directors. • In order to support the effectiveness of carrying out the
duties and responsibilities of the Board of Commissioners,
the Board of Commissioners may establish committees, one
of which is the Nomination & Remuneration Committee.
• The tasks of this committee include reviewing and
evaluating the performance of each member of the Board
of Directors and members of the Board of Commissioners
related to the work culture applied in the company;
implementation of Good Corporate Governance; overall
Company operations; those related to actual Company
achievements; the alignment of work between Vision and
Mission.
1.3 The Role and Responsibilities of the Board of Commissioners
Recommendations
1.3.1 The Board of Commissioners reviews the Terpenuhi • Each member of the Board of Commissioners is required to
corporate strategy at least annually and deploy all their abilities to achieve the Company’s Vision and
approves the mission, vision, and corporate Mission.
strategy formulated by the Board of • The Board of Commissioners is responsible for overseeing
Directors. The Board of Commissioners also management policies, the general course of management,
reviews, advises, and approves the long-term both regarding the Company and the Company’s business,
business plans and financial plans and short- and providing advice to the Board of Directors. The Board of
term corporate financial plans. The Board Commissioners must carry out its duties and responsibilities
of Commissioners provides advice and with good faith, full responsibility, and caution.
monitors the implementation management
by the Board of Directors. The Board of Ref:
https://www.akr.co.id/storage/files/
Directors and the Board of Commissioners fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
are involved in key decisions for the
corporation, as stipulated in the corporate
articles of association.
1.3.2 The types of decisions requiring the approval fulfilled Included in the Corporate Governance section under the
of the Board of Commissioners must be Board of Commissioners.
disclosed in the annual report.
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No Description Apply AKR Implementation
1.3.3 Taking into account the recommendations fulfilled In the charter of the Nominating and Remuneration
of the Nomination and Remuneration Committee, it is stipulated that: as part of the committee’s
Committee, the Board of Commissioners duties, discussions are held to propose new members of the
proposes to, and decides by, the General Board of Directors and/or Board of Commissioners to the
Meeting of Shareholders the appointment Board of Commissioners, which are then used as discussion
and/or dismissal of members of the Board material in the General Meeting of Shareholders.
of Directors and members of the Board of
Commissioners. In making such proposals, Ref:
https://www.akr.co.id/storage/files/
the Board of Commissioners considers v2RoTJxNDwvSEdqScKNBGHvnG0ggqJYhVFUmbF57.pdf
diversity, non-discriminatory elements,
and provides equal opportunities without
distinction of ethnicity, religion, race,
social groups, and gender. The Board of
Commissioners ensures that the nomination
and selection process of members of the
Board of Directors and members of the
Board of Commissioners is formal and
transparent.
1.3.4 Board of Commissioners or Committees N.A
responsible for the nomination function
formulate succession policies in the
process of nominating members of the
Board of Directors. Every year, the Board of
Commissioners reviews the reports on the
implementation of the development and
succession plans submitted by the Chief
Executive Officer.
1.3.5 The Board of Commissioners: Terpenuhi The duties of the Remuneration Committee include:
• proposes to the General Meeting of • Reviewing and evaluating the performance of each member
Shareholders, which may be preceded by of the Board of Directors and Board of Commissioners
proposals from the committee responsible related to the implementation of Good Corporate
for remuneration functions, the amount of Governance; comprehensive Company operations, related
remuneration for members of the Board to actual Company achievements; alignment of work with
of Directors and Board of Commissioners the Company’s Vision and Mission; alignment between
that align with sustainable corporate strategy and innovation and achievements in enhancing
development and the long-term interests value for shareholders.
of the corporation and shareholders; • Based on the above, conducting discussions to determine
• periodically reviews the remuneration the amount of remuneration for members of the Board
system for the Board of Directors and of Directors and Board of Commissioners to the Board
Board of Commissioners. of Commissioners, which will then be used as discussion
material in the General Meeting of Shareholders.
• Performing other tasks related to remuneration assigned by
the Board of Commissioners.
Ref:
https://www.akr.co.id/storage/files/
v2RoTJxNDwvSEdqScKNBGHvnG0ggqJYhVFUmbF57.pdf
1.3.6 The Board of Commissioners supervises fulfilled Members of the Board of Commissioners are required to
the effectiveness of corporate governance carry out their duties with good faith, full responsibility,
policies and their implementation, as well as and prudence by always adhering to applicable laws and
proposes changes if necessary. regulations, including those related to the implementation
of Good Corporate Governance and the Company’s Articles of
Association.
Ref:
https://www.akr.co.id/storage/files/
v2RoTJxNDwvSEdqScKNBGHvnG0ggqJYhVFUmbF57.pdf
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1.3.7 The Board of Commissioners monitors fulfilled As a form of accountability, the Board of Commissioners is
and directs the corporation to implement obliged to ensure that the Board of Directors has designed
appropriate and effective risk management an appropriate risk management system to manage the
and internal control systems that align Company’s key risks and to oversee through the established
with the corporate objectives, goals, and committees to ensure the effective implementation of
strategies, as well as comply with applicable internal control systems, as well as to ensure integrated risk
laws and regulations, codes of conduct, and management processes and systems. In this regard, AKR’s
standards. internal audit periodically reports its task implementation to
the Board of Directors and the Audit Committee of the Board
of Commissioners.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
1.3.8 The Board of Commissioners oversees and fulfilled As a form of accountability, the Board of Commissioners is
directs to achieve accounting integrity and obligated to ensure the establishment of an effective internal
corporate financial reporting systems, as well control system, integrated accounting and financial reporting
as the independence of internal and external systems, and transparent disclosure mechanisms that can be
audit functions. accounted for.
1.3.9 The Board of Commissioners monitors, fulfilled As a form of accountability, the Board of Commissioners is
reviews, and approves the annual report required to examine and review, as well as provide responses
and corporate sustainability report, ensuring to periodic reports and Annual Reports prepared by the Board
their integrity, and oversees the corporate of Directors, sign the Annual Report, provide explanations,
disclosure and communication processes. opinions, and recommendations to the General Meeting of
Shareholders regarding the Annual Report when requested,
and subsequently be accountable to shareholders through
the General Meeting of Shareholders.
1.3.10 The Board of Commissioners' charter is fulfilled The Board of Commissioners Charter, in the form of the Board
periodically reviewed. of Directors and Board of Commissioners Working Guidelines,
was signed in 2015 and assessed to still be relevant as a
guideline for the work of the Directors and Commissioners.
1.3.11 The Board of Commissioners has a policy fulfilled One of the criteria for AKR’s Board of Commissioners is to
regarding the resignation of Board members not have a poor integrity and reputation, meaning they have
if they are involved in financial crimes and never directly or indirectly been involved in engineering acts
proven to have committed wrongdoing. and deviant practices, breaches of promises, or any other
actions that harm the Company where they work or have
worked.
All management, including the Company’s organs, must
sign an Integrity Pact, which stipulates that if they are found
to violate the Integrity Pact, they agree to resign without
receiving any compensation from the company and are
willing to be subject to sanctions of any form, including
but not limited to administrative sanctions and claims for
damages, civil and/or criminal, in accordance with applicable
laws and regulations.
1.3.12 Independent commissioners are expected Mr. Fauzi Ichsan, as an independent commissioner,
to contribute to honest, objective, active, and consistently attends committee meetings, commissioner
constructive discussions during the Board of meetings, and joint meetings. He actively provides objective
Commissioners meetings. opinions and input, which are documented in the minutes of
internal meetings.
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1.3.13 The President Commissioner acts as the fulfilled Mr. Soegiarto Adikoesoemo, as the President Commissioner,
coordinator of the Board of Commissioners consistently provides opportunities for board members and
and ensures its effectiveness. The President directors to express their opinions during meetings. He also
Commissioner promotes a culture of actively provides objective opinions and input, which are
openness and constructive dialogue that documented in the minutes of internal meetings.
allows various perspectives to be expressed,
including coordinating the setting of
appropriate board meeting agendas and
ensuring sufficient time is available to
discuss all agenda items. Additionally, there
should be opportunities for the Board of
Commissioners to meet with the Board of
Directors and senior management.
1.4 The Formation of Committees
Recommendations
1.4.1 The corporation has committees under the fulfilled The Company has the Audit Committee, the Nomination &
Board of Commissioners, consisting of at Remuneration Committee, and an Internal Audit integrated
least: the Audit Committee, the Nomination with Risk Management, operating under the Board of
and Remuneration Committee, and the Risk Commissioners. Additionally, an ESG Committee to assist
Management Monitoring Committee. the Board of Directors and Commissioners in formulating
sustainability strategies and their implementation has been
estab;ished.
1.4.2 The Board of Commissioners ensures that fulfilled The Company’s Audit Committee is assisted by the Internal
all members of the Audit Committee are Audit Department, which has a Vision to become an
entirely independent, and other committees independent, objective, professional unit that adds value
formed by the Board of Commissioners to support the Company’s Management in achieving its
consist mostly of independent parties. business objectives, Vision, and Mission. Audit Committee
Furthermore, all committee members members must be independent, with a background in
have the competence, commitment, and business understanding and knowledge.
adequate authority to effectively and
independently carry out their roles. In its duties, the Audit Committee provides independent
opinions to the Board of Commissioners on differences
of opinion between management and accountants;
recommendations to the Board of Commissioners regarding
the appointment of Accountants based on independence,
scope of assignment, and remuneration; and conducts a
review of the basis for internal auditor examinations and
oversees the follow-up actions on internal auditor findings.
The Company’s Audit Committee has a background in
Finance & Accounting as well as strong knowledge of AKR’s
business, enabling it to provide objective opinions on AKR’s
financial and business aspects.
Ref:
https://www.akr.co.id/gcg/gcg-organs/audit-committee
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1.4.3 To ensure that monitoring of the Audit fulfilled The AKR Audit Committee is chaired by Mr. Fauzi Ichsan,
Committee's duties is carried out objectively serving as an Independent Commissioner.
and independently, the Chairman of the
Board of Commissioners may not serve Ref:
https://www.akr.co.id/storage/
as the chairman of the Audit Committee, files/2UWaLw3umSMsE1JoTEbotvZqcN2H2jNLAx8ODcNL.pdf
except in exceptional circumstances that
must be explained in the annual report.
1.5 Performance Evaluation – Board of Commissioners and Its Members
Recommendations
1.5.1 The Board of Commissioners conducts fulfilled The Board of Commissioners conducts an annual evaluation
an annual formal evaluation objectively of its members' effectiveness, with input from the committees
to determine the effectiveness of the beneath it.
Board, its committees, and each individual
commissioner.
1.6.1 Directors who hold multiple positions AKR Directors do not hold concurrent positions outside
outside the corporation must obtain the Company. If there are offers for positions outside the
approval from the Board of Commissioners. Company, Directors are required to seek consideration from
A Commissioner informs the Board of the Commissioners through the Nomination & Remuneration
Commissioners and the chair of the Committee.
committee responsible for nomination
functions before accepting a new
appointment as a director or commissioner
of another public corporation, another
directorship, or any other position with
significant time commitments.
1.6.2 The Board of Commissioners monitors fulfilled In case a member of the Board of Directors has a conflict
and manages potential conflicts of of interest with the Company, the representation of the
interest involving management, members Company shall be:
of the Board of Directors, the Board of • Another member of the Board of Directors who does not
Commissioners, and shareholders, including have a conflict of interest with the Company;
the misuse of corporate assets and abuse in • The Board of Commissioners, if all members of the Board
related-party transactions. Commissioners of Directors have a conflict of interest with the Company; or
with conflicts of interest do not participate in • Another party appointed by the General Meeting of
monitoring and decision-making regarding Shareholders, if all members of the Board of Directors or the
potential conflicts of interest involving Board of Commissioners have a conflict of interest with the
themselves or their affiliated Commissioners. Company.
1.7 Enhancement of Competence for Board of Directors and Board of Commissioners
Recommenndations
1.7.1 The Board of Commissioners ensures that the fulfilled The Corporate Secretary actively provides updates on the
members of the Board of Directors and the latest regulations and seminars that the Board of Directors
Board of Commissioners understand their and the Board of Commissioners can attend to refresh their
roles and responsibilities, the characteristics knowledge and skills, especially in governance, ESG issues,
and operations of the corporation, relevant and economics.
regulations and standards, as well as
other applicable obligations. The Board,
through the corporate secretary, supports
all members of the Board of Directors and
the Board of Commissioners in updating
and refreshing the skills and knowledge
necessary to fulfill their roles on the Board.
2 Composition and Remuneration of the Board of Directors and the Board of Commissioners
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2.1 Composition of the Board of Directors
Recommendations
2.1.1 In selecting candidates for director positions, N.A
the Board of Commissioners, through the
Nomination and Remuneration Committee,
does not solely rely on recommendations
from the Board of Commissioners,
management, or majority shareholders.
The Board of Commissioners, through the
Nomination and Remuneration Committee,
may utilize independent sources to identify
qualified candidates.
2.1.2 The Board of Commissioners ensures that fulfilled The criteria for Directors and Commissioners are
the criteria for selecting members of the incorporated into the guidelines for the Board of Directors
Board of Directors include, at a minimum, and Commissioners, which have adopted POJK 33/2014
the knowledge, skills, and expertise required focusing on the abilities, capacities, and integrity of
to adequately fulfill the role of the Board, candidate nominees. AKR has also provided statements and
while also considering the achievement of commitments regarding the protection of human rights
diversity within the Board. policies, which apply to all management and organs of the
Company.
2.1.3 The corporate policy on diversity within fulfilled AKR has issued statements and commitments regarding
the Board of Directors and the Board of the protection of human rights policies, which apply to all
Commissioners is disclosed in the Annual management and organs of the Company.
Report.
2.1.4 The Board of Commissioners ensures that fulfilled In the selection and nomination of Commissioners, it is
policies and procedures for the selection and entirely conducted internally:
nomination of Commissioners are clear and • The Nomination and Remuneration Committee provides
transparent to yield the desired composition recommendations to the Board of Commissioners regarding
of the Board. The Board of Commissioners the composition of Commissioner positions and proposed
utilizes independent sources to identify qualified candidates to be presented at the General Meeting
qualified candidates. of Shareholders.
• The Board of Commissioners presents the names of qualified
Commissioner candidates to the RUPS for approval.
• Commissioners are appointed by the GMS for a term
beginning from their appointment until the closure of the
fifth subsequent annual GMS, without prejudice to the
GMS’s right to dismiss them at any time.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
2.1.5 The Board of Commissioners/Committee fulfilled The criteria for Directors and Commissioners are included in
responsible for the nomination function the guidelines for the Board of Directors and Commissioners,
establishes procedures and nomination which have adopted POJK 33/2014, focusing on the abilities,
criteria consistent with the skills matrix of capacities, and integrity of candidate nominees.
the Board of Commissioners approved by
the Board of Commissioners. They ensure
that the candidate profiles meet the
requirements specified in the skills matrix
and nomination criteria.
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2.1.6 The composition of the Board of fulfilled Composition of the Board of Commissioners for the fiscal year
Commissioners must be formed in such a way 2023:
that its members collectively reflect diversity • Soegiarto Adikoesoemo – President Director: AKR’s Founder
in terms of abilities, expertise, knowledge, with extensive business experience in the chemical and
experience, age, cultural background, and logistics industries.
gender required to adequately fulfill the role • Sofyan A. Djalil – Commissioner: With over 13 years of
of the Board of Commissioners. experience in both public and private sectors, including
serving as Minister in various governmental fields.
• Fauzi Ichsan – Independent Commissioner: Experienced in
the fields of Government and Economics.
Ref:
https://www.akr.co.id/board-of-commissioners-directors
2.1.7 To enable the Board of Commissioners to Fulfilled 1/3 of the Board of Commissioners is composed of Independent
provide independent advice and supervision Commissioners, including Mr. Fauzi Ichsan. Mr. Fauzi Ichsan,
to the Board of Directors and for roles with as an Independent Commissioner, always attends committee
potential conflicts of interest, the Board meetings, commissioner meetings, and joint meetings. He
of Commissioners consists of a sufficient actively provides objective opinions and inputs, which are
number of Independent Commissioners. documented in the minutes of internal meetings.
Their terms are limited, and there is
disclosure of the duration of membership Ref:
https://www.akr.co.id/board-of-commissioners-directors
on the Board of Commissioners and their
independence from a corporate perspective.
2.1.8 To facilitate the effective functions of Fulfilled In the case of the selection and nomination of Commissioners,
the Board of Directors and the Board of it is entirely conducted internally:
Commissioners and to enhance investor and • The Nomination and Remuneration Committee provides
stakeholder confidence, the Nomination recommendations to the Board of Commissioners
and Remuneration Committee ensures that regarding the composition of commissioner positions and
there is a formal, rigorous, and transparent proposed qualified candidate names to be presented at the
process for the appointment and selection of General Meeting of Shareholders.
members of the Board of Directors and the • The Board of Commissioners presents the names of
Board of Commissioners. qualified commissioner candidates to the GMS for approval.
• Members of the Board of Commissioners are appointed by
the GMS for a term beginning from their appointment until
the closure of the fifth subsequent annual GMS, without
prejudice to the GMS’s right to dismiss them at any time.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
2.2 The remuneration of the Board of Directors and the Board of Commissioners
Recommendations
2.2.1 The remuneration policy for members Fulfilled The procedure for determining remuneration for the Board
of the Board of Directors consists of a of Commissioners and the Board of Directors begins with the
compensation structure oriented towards submission of proposals and the amount of remuneration
the development of sustainable corporate by the Board of Commissioners. These proposals have taken
growth and encourages the achievement into account the results of reviews from the Nomination
of long-term goals. Director remuneration and Remuneration Committee, one of which considers
should be proposed, possibly through the performance achievements, which are then presented at
Nomination and Remuneration Committee, the General Meeting of Shareholders until finally being
by the Board of Commissioners for approval established and approved by the Shareholders in the GMS.
by the General Meeting of Shareholders
(RUPS). The proposed remuneration amount
to the RUPS is determined by considering
the role of each director and the economic
situation, as well as corporate performance.
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2.2.2 The remuneration policy for members of fulfilled The procedure for determining remuneration for the Board
the Board of Commissioners consists of a of Commissioners and the Board of Directors begins with the
compensation structure oriented towards submission of proposals and the amount of remuneration
the development of sustainable corporate by the Board of Commissioners. These proposals have taken
growth and encourages the achievement into account the results of reviews from the Nomination and
of long-term goals. The amount of Remuneration Committee, which includes considerations of
remuneration proposed by the Board of performance achievements. Subsequently, these proposals
Commissioners to the General Meeting are presented at the General Meeting of Shareholders and
of Shareholders (RUPS) is determined by ultimately established and approved by the Shareholders in
considering the role of each member of the GMS.
the Board of Commissioners, the economic
situation, and corporate performance.
Additionally, their positions as Chairman,
Vice Chairman, or members of committees
must also be taken into account.
2.2.3 To ensure that the remuneration package fulfilled The procedure for determining remuneration for the Board
is determined based on performance, of Commissioners and Board of Directors begins with the
qualifications, and competencies of submission of proposals and the amount of remuneration by
directors and commissioners, taking the Board of Commissioners. This proposal submission has
into account corporate operational taken into account the results of studies by the Nomination
performance, individual performance, and and Remuneration Committee, one of which considers
market conditions, the Nomination and performance achievements, which are then presented at
Remuneration Committee ensures that fair the General Meeting of Shareholders until finally being
and transparent procedures are in place to established and approved by the Shareholders in the GMS.
establish remuneration policies for members
of the Board of Directors and the Board of
Commissioners.
3. Relationship between the Board of Directors and the Board of Commissioners
3.1 Nature of the Working Relationship
Recommendations
3.1.1 There is an open discussion between Fulfilled The Board of Directors and the Board of Commissioners
the Board of Directors and the Board of routinely hold Joint Meetings with the Audit Committee
Commissioners, as well as among the before the release of financial reports.
members of the Board of Directors and the
members of the Board of Commissioners.
However, it is still important to maintain
confidentiality to prevent leaks of sensitive
information.
3.1.2 In accordance with their respective fulfilled Every member of the Board of Directors and the Board of
roles and responsibilities, the Board of Commissioners is required to adhere to the prevailing values
Directors collaborates with the Board of within the Company as outlined in the Code of Conduct,
Commissioners in formulating the corporate namely:
mission, vision, and strategy, and regularly • Integrity;
discusses their implementation. • Commitment;
• Teamwork;
• Honest and open communication;
• Trust and respect;
• Creating value;
• Continuous improvement.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
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3.1.3 The Corporate Secretary plays a crucial fulfilled The Corporate Secretary plays a crucial role in providing
role in supporting the effectiveness of the information about developments in the business environment
working relationship between the Board of and applicable regulations, and communicating them to the
Directors and the Board of Commissioners, Company's organs. They then oversee the actions taken for
promoting the implementation of good change, which are later communicated back to stakeholders
corporate governance practices, including outside the Company. The Company, through the Corporate
effective communication with shareholders Secretary department, conducts self-assessment of corporate
and other stakeholders. governance implementation based on the ASEAN Corporate
Governance Scorecard and the General Guidelines of
Corporate Governance in Indonesia (PUGKI) 2021.
3.2 Access to Information for the Board of Commissioners.
Rekomendasi
3.2.1 The Board of Directors is responsible for fulfilled The AKR Board of Directors always provides the necessary
ensuring that the Board of Commissioners information to the commissioners promptly. Before the joint
receives access to accurate, relevant, meeting is conducted, the Corporate Secretary department
and timely information. The Board of is required to distribute meeting materials to the Board of
Commissioners itself ensures that it Directors and the Board of Commissioners.
obtains adequate information. The Board
of Directors provides information to the
Board of Commissioners regularly, without
delay and comprehensively, on all matters
relevant to the corporation. The Board of
Commissioners may at any time request
the Board of Directors to provide additional
information.
3.3 Responsibilities of the Board of Directors and the Board of Commissioners Regarding the Impact of Ownership Structure on
the Corporation
Recommendations
3.3.1 The impact of ownership structure on fulfilled In the event that a member of the Board of Directors has a
corporations. The Board of Directors and conflict of interest with the Company, the entity entitled to
the Board of Commissioners consider their represent the Company is:
responsibilities in the context of the share • Another member of the Board of Directors who does not
ownership structure and the relationships have a conflict of interest with the Company; or
among corporate shareholders that • The Board of Commissioners, in the event that all members
may affect corporate management and of the Board of Directors have a conflict of interest with the
operations. Company; or
• Another party appointed by the General Meeting of
Shareholders (RUPS), in the event that all members of the
Board of Directors or the Board of Commissioners have a
conflict of interest with the Company.
The structure of the Board of Directors and the Board of
Commissioners of AKR is filled with professionals who are
experts in their fields, thus ensuring objectivity in decision-
making within their departments.
Ref:
https://www.akr.co.id/storage/files/
fpjwtglDzSgLAyrC3hiurL2PFmeuaeAhrIOQvemr.pdf
4. Ethical Behavior and Responsibility
4.1.1 This statement is articulated in:
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Recommendations
4.1.1 This statement is embodied in the Code of fulfilled Every member of the Board of Directors is required to adhere
Conduct and Business Ethics which must to the prevailing values within the Company, namely:
clearly express the corporate expectation • Integrity;
that every member of the Board of Directors • Commitment;
and the Board of Commissioners as well as • Teamwork;
employees will: • Honest and open communication;
• Act in the best interest of the corporation; • Trust and respect;
• Act honestly and with high standards of • Creating value;
integrity; • Continuous improvement.
• Be independent and act based on
complete information, in good faith, with Every member of the Board of Directors is also required to
thoroughness, and caution. exert their utmost abilities to achieve the company’s vision
• Comply with applicable regulations for the and mission. Board members must perform their duties with
corporation and its operations; good faith, full responsibility, and caution, always adhering to
• Avoid actions that violate laws or unethical applicable laws and regulations, including those related to
actions based on corporate ethics the implementation of Good Corporate Governance and the
guidelines; Company’s Articles of Association.
• Not engage or participate in any activities
that will cause conflicts of interest with the
best interests of the corporation or have
a negative impact on the corporation’s
reputation;
• Not take advantage of corporate property
or information, other assets, or its clients
for personal gain or to cause loss to the
corporation and its clients.
• Not exploit their position or opportunities
generated by their position for personal
gain.
• Avoid soliciting or accepting payments,
gratuities, or other benefits from third
parties for themselves or for others that
create conflicts of interest/provide benefits
to third parties in violation of laws and
regulations.
• Respect differences of opinion and the
rights of each member of the Board of
Directors, the Board of Commissioners, and
employees.
• Ensure full, fair, accurate, timely, and
understandable disclosure in reports and
documents submitted by the corporation
to regulators and in other public
communications.
4.1.2 The Board of Directors establishes policies fulfilled All management, including Company organs, are required
and practices against money laundering to sign an Integrity Pact, which states that if I am proven to
and terrorism financing, anti-bribery, anti- violate this Integrity Pact, then I am willing to resign without
corruption, anti-fraud, and involvement in receiving any compensation from the Company and am
politics, referring to national or international willing to be subject to sanctions in any form, including
standards on anti-money laundering, anti- but not limited to administrative sanctions up to claims for
bribery, anti-corruption, anti-fraud, or other damages in civil and/or criminal proceedings in accordance
related standards. with applicable laws and regulations.
4.2 Values and Organizational Culture
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4.2.1 The corporation articulates, nurtures, and fulfilled Company values that are periodically socialized to become
expresses corporate culture and values. part of the work culture:
• Entrepreneurial Spirit
• Collaboration
• Valuing High Performance
• Agility
• Empowering Teams
• Uncompromising
4.3 Communication and Enforcement of Ethical Guidelines, Values, and Culture
Recommendations
4.3.1 The behavioral guidelines and corporate fulfilled The Corporate Code of Ethics is translated into various policies
code of ethics are effectively communicated and regulations, including Company Regulations. The values
to the Board of Directors, the Board of contained in the Code of Ethics are continually socialized to
Commissioners, and all employees. They remain part of the work culture. Periodically, every employee
are integrated into corporate strategy and is asked to sign an integrity pact as a form of compliance
operations, including risk management with the employee Code of Ethics. Partners collaborating
systems and remuneration structures, and with AKR are also asked to sign an integrity pact as a form of
enforced. compliance with the supplier Code of Ethics.
Ref:
https://www.akr.co.id/storage/files/
lRqFiO4uksb7WG0TWZQphKMEhoi1swX6JHc0znS4.pdf
5. Risk Management, Internal Controls, and Compliance
5.1 Internal Controls and Compliance
Recommendations
5.1.1 The Board of Directors periodically reviews fulfilled One of the roles of the Board of Directors in risk management
the adequacy of the design and operational is to ensure the effective implementation of risk management
effectiveness of governance systems, to become an integral part of the Company's operational
risk management, internal controls, and activities. Internal Audit periodically provides reports on
corporate compliance, and reports the various aspects of business risks and their mitigations to
implementation and results of the review the Board of Directors. The Board of Directors then reviews
to the shareholders through the Corporate's and provides input for improvements. The implementation
annual report. reports of risk management and internal audit are reported
to the shareholders through the Annual Report.
5.2 Risk Management
Recommendations
5.2.1 Strategy and risk are integrated, transparently fulfilled The Board of Directors is responsible for ensuring the design
disclosed, and incorporated into the of an appropriate risk management system to manage the
performance of duties and responsibilities Company’s key risks.
of the Board of Directors and the Board of
Commissioners, as well as in discussions at Through the established committees, the Directors oversee to
the Board of Commissioners and Board of ensure the establishment of effective internal control systems,
Directors meetings. integrated accounting systems, and financial reporting that
have accountable disclosure transparency. They also ensure
integrated risk management processes and systems..
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5.2.2 The Risk Management Monitoring fulfilled The Company’s risk management is monitored by internal
Committee assists the Board of audit, which reports directly to the Board of Directors
Commissioners in fulfilling its duties and Commissioners through the Audit Committee. The
by creating transparent, focused, and Company considers internal control as a series of actions
efficient mechanisms. independen dalam that encompass the entire process within the Company’s
pengawasan manajemen risiko korporasi. business. Components of the internal control system within
the Company’s environment include:
• Control environment
• Risk assessment
• Control activities
• Information and communication
• Monitoring
5.3 Integration of Governance, Risk Management, and Compliance
Recommendations
5.3.1 The Board of Directors builds an integrated fulfilled The Company’s risk management is monitored independently
Governance, Risk, and Compliance (GRC) by internal audit, reporting directly to the Board of Directors
system, addressing various uncertainties and Commissioners through the Audit Committee. The
comprehensively and with high integrity, to Company regards internal control as a series of actions that
ensure that the corporation can achieve its encompass the entire process within the Company’s business.
objectives.
5.3.2 The Board of Directors ensures that the fulfilled Several compliance-related departments within the
division overseeing compliance functions Company operate independently, with the Chief Executive
does not concurrently carry out functions Officer and the Chief Commissioner not holding roles in these
that may potentially create conflicts of departments:
interest. • Corporate Secretary
• Corporate Legal
• Internal Audit
5.4.1 The Board of Commissioners, through the fulfilled The Board of Directors and the Board of Commissioners of the
Audit Committee, monitors and ensures Company periodically conduct reviews of the effectiveness of
that the internal audit function assists the implementation of control systems within the Company.
the corporation in achieving its objectives The review conducted by the Board of Directors and the Board
by adopting an objective and disciplined of Commissioners concerns the mechanisms, structures, and
approach to evaluate and improve the adequacy of the internal control infrastructure.
effectiveness of risk management, internal
controls, and corporate governance.
6. Disclosure and Transparency
6.1 Appointment Policy
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6.1.1 The Company, through its Investor Relations fulfilled The Company, through its Investor Relations Division
Division and Corporate Secretary, actively and Corporate Secretary, actively provides information to
provides information to stakeholders and stakeholders and ensures easy access to information.
consistently delivers it.
The primary means of disseminating information is through
the Company’s website (www.akr.co.id). Information on the
AKR website is available in both Indonesian and English.
In addition to the website, the Company also provides
communication channels via email to corporatesecretary@
akr.co.id or by phone at +62 21 531 1110 and consistently reports
material information and facts through Electronic Reporting
to the Financial Services Authority (OJK) and the Indonesia
Stock Exchange (www.idx.co.id).
Prohibitions on disclosing sensitive information that benefits
external parties are governed by the Company’s code of
ethics.
6.1.2 Shareholders' rights to regularly and timely fulfilled AKR is committed to upholding the principle of Transparency,
obtain relevant material information about including through openness of information both internally
the corporation must be fulfilled. and externally. Management and openness of information
about the Company are crucial in building the Company’s
image in the eyes of the public, especially stakeholders.
Therefore, the Company strives to provide timely and useful
information while adhering to relevant regulations to address
the community’s need for information about the Company’s
activities.
6.2.1 The corporation discloses systems and fulfilled Management is responsible for the preparation and fair
procedures to ensure that unaudited presentation of consolidated financial statements in
or externally reviewed interim financial accordance with the Indonesian Financial Accounting
statements are materially accurate, Standards, and for the internal controls considered necessary
complete, and provide investors with the by management to enable the preparation of consolidated
appropriate information to make informed financial statements that are free from material misstatement,
investment decisions. whether due to fraud or error.
In the preparation of the consolidated financial statements,
management is responsible for assessing the Group’s ability
to continue as a going concern, disclosing, as applicable,
matters related to going concern, and using the going
concern basis of accounting, except when management
either intends to liquidate the Group or cease operations, or
has no realistic alternative but to do so.
Ref:
https://www.akr.co.id/quarterly-financial-report
6.2.2 The Audit Committee ensures the fulfilled The Company reports to the Stock Exchange and the
quality of the financial statement audit Financial Services Authority (OJK) the Audit Committee’s
conducted by external auditors. This report on the work performed by the external auditor and its
includes recommending the appointment, recommendations.
reappointment, and, if necessary,
termination and remuneration of external
auditors.
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6.2.3 Sustainability reports must be prepared fulfilled AKR prepares Sustainability Reports based on POJK 51 and
and disclosed accurately and in accordance GRI 2021 standards as references.
with national or international sustainability
reporting frameworks.
6.2.4 The company has issued a Sustainability fulfilled AKR has been publishing sustainability reports since 2013.
Report which is an integral part of the Annual And during the past 3 years (2021-2023), AKR has released the
Report. The company's Sustainability Report Sustainability Report alongside the Annual Report as material
has outlined its sustainability performance for the General Meeting of Shareholders (RUPS). AKR presents
covering economic, social, environmental, data from the last 3 years in its Sustainability Report.
and governance aspects, presented in
a comparison over 3 years, aiming to
assist shareholders and stakeholders in
understanding the corporation's strategic
objectives and progress in creating
sustainable value.
6.3 Dissemination of Information
Recommendations
6.3.1 The distribution channels for disseminating fulfilled The main channels for disseminating information are
information should provide equal, timely, through the company's website (www.akr.co.id). Information
and relatively inexpensive access to relevant on the AKR website is available in both Indonesian and
information for users. English languages. In addition to the website, the company
also provides communication channels via email at
corporatesecretary@akr.co.id or by phone at +62 21 531 1110,
and consistently reports material information and facts
through Electronic Reporting to OJK and the Indonesia Stock
Exchange (www.idx.co.id). AKR is also actively disseminating
engaging information through social media platforms,
including YouTube, Instagram, Facebook, Twitter, and
LinkedIn.
6.3.2 The corporation ensures that the annual AKR conducts regular governance assessments through the
statements regarding the implementation Asean Corporate Governance Scorecard and SEOJK 32. The
of the Indonesian Corporate Governance assessment based on PUGKI was newly presented in the 2023
Manual, including explanations of the annual report.
implementation of each Recommendation
and Guideline, are available on the website
for a minimum period of five years.
6.3.3 For corporations listed on the capital N.A
market in jurisdictions other than their
home jurisdiction, the laws and regulations
governing corporate governance applicable
must be clearly disclosed. In the case of cross-
listing, the criteria and procedures for cross-
listing, as well as the criteria and procedures
for recognizing listing requirements for
the main listing, must be transparent and
documented.
7. Protection of Shareholder Rights
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Recommendations
7.1.1 The corporation has a communication policy fulfilled AKR, through its Investor Relations Division, strives to fulfill its
that facilitates and encourages shareholder main function, which is to maintain two-way communication
or investor participation. between external stakeholders and Management. This is
achieved through various channels and direct interaction
events, including:
• Participation in public presentations,
• Attendance at conferences, non-deal roadshows, and
meetings with brokers,
• Organizing briefings on the Company’s performance
achievements,
• Face-to-face meetings arranged with existing shareholders
and potential shareholders, and
• Visits to operational locations.
7.1.2 The corporation, as the parent entity, fulfilled The Corporate Governance Policy of AKR Corporindo
ensures that its corporate governance Tbk. encompasses both the parent company AKR and its
policies apply to its subsidiaries and entities subsidiaries.
under common control, where corporate
investments are significant.
7.1.3 The corporation has rules and procedures fulfilled AKR adheres to applicable regulations, including those related
governing acquisitions, takeovers, and to acquisitions, takeovers, and extraordinary transactions.
extraordinary transactions such as mergers
and substantial corporate asset sales to
ensure that transactions occur transparently
and under fair conditions, protecting the
rights of all shareholders according to their
class.
7.2.1 Fair Treatment of Shareholders
Recommendations
7.2.1 The corporation has rules and procedures in Terpenuhi In the company’s code of ethics, it is stipulated that the
place to ensure that: Company treats shareholders fairly and investors according
• all shareholders of the same series within to the amount and type of shares they hold, allowing them
a class of shares must be treated equally. to exercise their rights in accordance with the Company’s
• disclosure of these rules and procedures, Articles of Association and applicable laws and regulations.
as well as disclosure of the capital structure
and arrangements that enable certain Ref:
https://www.akr.co.id/storage/files/
shareholders to obtain influence or control lRqFiO4uksb7WG0TWZQphKMEhoi1swX6JHc0znS4.pdf
disproportionate to their share ownership.
7.2.2 The corporation has rules and procedures to fulfilled Affiliate transactions are conducted if approved in the General
ensure that related-party transactions are Meeting of Shareholders and must be reported within 2
approved and conducted in a manner that working days after being stipulated in the notarial deed.
ensures conflicts of interest are appropriately
managed, protecting the interests of the
corporation and shareholders.
7.2.3 The corporation has and discloses a policy fulfilled AKR has a Blackout Period policy that prohibits stock
to prevent insider trading. The corporation transactions by insiders of the Company for 10 days before
has clear rules regarding any trading in the release of financial reports until the financial reports are
corporate stock conducted by directors, publicly issued. The reporting mechanism policy was further
commissioners, and insiders to ensure that strengthened in 2023 with the Share Ownership Report policy
no one may directly or indirectly benefit from by the Directors/Board of Commissioners, where Directors/
information not yet available in the market. Board of Commissioners are directed to inform transaction
plans before and after execution with the approval of the
Corporate Secretary.
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No Description Apply AKR Implementation
7.3 General Meeting of Shareholders
Recommendations
7.3.1 The corporation issues the notice of the fulfilled AKR adheres to POJK 15/2020 in organizing the General
General Meeting of Shareholders with the Meeting of Shareholders. Regarding the notice of the GMS,
agenda and materials as complete and early AKR follows the reference of no later than 21 days before the
as possible (no later than 28 days before the GMS.
GMS) to provide sufficient time and materials
for shareholders to thoroughly study the
meeting agenda. The meeting invitation
and all information regarding the GMS are
disclosed through electronic means such as
the corporate website.
7.3.2 The corporation has and discloses rules and fulfilled In the Code of Conduct distributed before the General
procedures that facilitate shareholders in Meeting of Shareholders, the procedures for voting in the
participating and voting effectively at the GMS are outlined as follows:
General Meeting of Shareholders. • For each agenda item of the Meeting, a vote will be taken to
make decisions.
• Voting takes place after the discussion of each agenda
item of the Meeting and the presentation of proposed
decisions, and after the Chairperson of the Meeting invites
Shareholders or their proxies to conduct the voting process,
which will be guided by the Notary and the Securities
Administration Bureau as independent parties.
• The voting process is conducted electronically through the
eASY application. KSEI on the E-Meeting Hall menu, under
the Live Broadcasting submenu.
• The voting time during the electronic voting process is
determined by the Company’s policy, with a maximum time
of 3 (three) minutes per agenda item of the Meeting.
7.3.3 Shareholders effectively participate in fulfilled The appointment of members of the Board of Directors and
appointing members of the Board of Board of Commissioners of AKR must obtain approval from
Directors and Board of Commissioners. the General Meeting of Shareholders.
7.3.4 The corporation ensures transparency and fulfilled The External Auditor appointed at the GMS is selected based
accountability of the external auditor at the on the assessment considerations of the audit committee.
General Meeting of Shareholders (RUPS). This includes assessing independence, transparency, and
accountability of the auditor.
7.3.5 The announcement of voting results and fulfilled The results of the GMS from the notary are released one day
a summary of the RUPS minutes are fully after the RUPS, followed by a summary of the GMS minutes
disclosed to the public on the following the next day.
business day.
8. Other Stakeholders
8.1 Engagement and Stakeholders
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Recommendations
8.3.1 The Board of Directors ensures and discloses fulfilled Through the ESG Committee and ESG Taskforce, AKR
that corporate operations reflect the establishes the meaning of sustainability that reflects the
implementation of high ethical standards, company’s identity: “As a strategic holding Company, PT AKR
social responsibility, and environmental Corporindo Tbk. sets the goal of growing and developing
responsibility throughout the corporation. sustainably. Our business portfolio ranges from logistics
They ensure that appropriate policies and and distribution, industrial estates, to the development and
procedures are implemented to respect and management of special economic zones, managed to reach
comply with the rights of stakeholders. millions of people and stakeholders. PT AKR Corporindo Tbk.
must provide benefits to the economy, environment, human
beings, and society in conducting business. The Company is
committed to balancing ambition with prudence, business
success with environmental awareness, and social progress.
For AKR, this is the meaning of sustainability – Progressing
with Purpose.” This commitment is supported by four main
pillars that serve as guidelines for AKR in implementing
sustainability strategies across the Company’s business
lines, namely: • Our Business Portfolio • Our People • Our
Communities • Our Conduct.
8.3.2 The Board of Directors encourages fulfilled Human Capital is a crucial aspect for sustainable growth.
employees to work for the long-term AKR’s businesses in essential and critical industries rely
interests of the corporation and prioritize on the abilities of its employees to make decisions and
sustainability. implement strategies set by the Company’s leadership. The
goal of human capital development is to acquire competent
individuals who align with corporate values. Management
encourages the Company’s human capital to be agile and
adaptive in facing changes, motivating them to collaborate
effectively. The Company conducts training and sharing
sessions to ensure that employees understand adaptive and
collaborative points within their work areas. The Company
consistently enforces a zero-tolerance policy to minimize
risks, including increasing necessary training and promoting
awareness of risk management in the workplace.
The Company continues to empower individuals to meet
internal leadership needs, seeking potential young leaders
both internally and externally.
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272
DISCLOSURE OF
BAD GOVERNANCE PRACTICES
In 2023, AKR did not engage in any actions or policies related to bad corporate governance practices, in line with the
Company’s efforts to implement corporate governance, as demonstrated in the following table:
No Description Practice
1. Insider trading involving directors/commissioners, management, and employees. None
Non-compliance in disclosing tax compliance, including guilty verdicts from the
2. None
highest tax court related to any tax issues.
Non-compliance in presenting Annual Reports and Financial Statements with
3. None
applicable regulations and accounting standards.
Cases of non-compliance with laws, rules, and regulations related to significant or
4. None
material related-party transactions.
5. Absence of segment reporting in the Financial Statements. None
Any legal violations related to labor/employment/consumer/bankruptcy/
6. None
commercial/competition or environmental issues.
Regulatory sanctions for failure to make announcements within specified
7. None
timeframes for significant events.
Evidence that the company has not complied with any listing rules and
8. None
regulations during the past year aside from disclosure rules.
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PT AKR Corporindo Tbk
dan ent it as anaknya/ and it s subsidiaries
Laporan keuangan konsolidasian tanggal 31 Desember 2023
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2023
and for the year then ended with independent auditor’s report
Laporan Tahunan 2023
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The original consolidated financial statements included 277
herein are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2023 AS OF DECEMBER 31, 2023 AND
DAN UNTUK TAHUN YANG BERAKHIR FOR THE YEAR THEN ENDED
PADA TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Dewan Direksi Board of Directors’ Statement
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Konsolidasian........................ 1-3 ..............Consolidated Statement of Financial Position
Laporan Laba Rugi dan Consolidated Statement of Profit or Loss
Penghasilan Komprehensif Lain Konsolidasian ......... 4-5 ........................ and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian .................... 6-7 .............Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ................................... 8-9 ...................... Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian ............. 10-144 ......... Notes to the Consolidated Financial Statements
*********************
www.akr.co.id
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•
278
PT JAKR Corporindo Tbk
SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN
KONSOLIDASIAN TANGGAL 31 DESEMBER 2023 DAN UNTUK TAHUN YANG BERAKHIR PADA
TANGGAL TERSEBUT BESERTA LAPORAN AUDITOR INDEPENDEN PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA
DIRECTOR'S STATEMENT LETTER RELATING TO THE RESPONSIBILITY ON THE CONSOLIDATED
FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND FOR THE YEAR THEN ENDED WITH
INDEPENDENT AUDITOR'S REPORT OF PT AKR CORPORINDO TBK AND ITS SUBSIDIARIES
Kami yang bertanda tangan dibawah ini I We, the undersigned:
1. Nama I Name Haryanto Adikoesoemo
Alamat Kantor I Office Address JI. Panjang No. 5, Kebon Jeruk, Jakarta Barat - 11530
Alamat Domisili sesuai KTP / JI. Simprug Kav. H-7, RT.005 RW.008, Grogol Selatan, Kebayoran
Domicile as Stated in ID Card Lama, Jakarta Selatan
Nomor Telepon I Phone Number 021-5311110
Jabatan I Position Presiden Direktur / President Director
2. Nama I Name Termurti Tiban
Alamat Kantor I Office Address JI. Panjang No. 5, Kebon Jeruk, Jakarta Barat - 11530
Alamat Domisili sesuai KTP / JI Gading lndah IV, Blok NF-1151, RT.011 RW.012, Pegangsaan
Domicile as Stated in ID Card Dua, Kelapa Gading, Jakarta Utara
Nomor Telepon / Phone Number 021-5311110
Jabatan / Position Direktur Keuangan I Director of Finance
Menyatakan bahwa: / state that:
1. Bertanggung jawab atas penyusunan dan penyajian laporan keuangan konsolidasi Perseroan dan
entitas anak, I We are responsible for the preparation and presentation of the consolidated financial /
statements of the Company and subsidiaries;
2. Laporan keuangan konsolidasi telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan
Indonesia, / The consolidated financial statements have been prepared and presented in accordance
with the Indonesian Financial Accounting Standards;
3. a. Semua informasi dalam laporan keuangan konsolidasi telah dimuat secara lengkap dan benar, I All
information contained in the consolidated financial statements is complete and correct;
b. Laporan keuangan konsolidasi tidak mengandung informasi atau fakta material yang tidak benar,
dan tidak menghilangkan informasi atau fakta material, / The consolidated financial statements do
not contain misleading material information or facts, and do not omit material information and facts;
4. Kami bertanggung jawab atas sistem pengendalian intern dalam Perseroan dan entitas anak. 1 are
responsible for the Company and its subsidiaries's internal control system. 7
Demikian pernyataan ini dibuat dengan sebenarnya. I This statement letter is made truthfully.
Jakarta, 20 Maret 2024
Presiden Direktur / President Director Direktur Keuangan I Director of Finance
Haryanto Adikoesoemo iµTermurti Tiban
/
AKR Tower, 26th floor, JI. Panjang No, 5, Kebon Jeruk, Jakarta 11530, Indonesia
Tel: +62-21 531 1110, Fax: +62-21 531 1128, 531 1308, 531 1388, Website: www.akr.co.ld
Laporan Tahunan 2023
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The original report included herein is in the Indonesian
language.
Laporan Audit or Independen Independent Audit or’s Report
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 4/ 1/ III/ 2024
Pemegang Saham, Dewan Komisaris, dan Direksi The Shareholders and t he Boards of
PT AKR Corporindo Tbk Commissioners and Direct ors
PT AKR Corporindo Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT AKR Corporindo Tbk financial statements of PT AKR Corporindo Tbk
(“ Perusahaan” ) dan entitas anaknya (secara (the “ Company” ) and its subsidiaries (collectively
kolektif disebut sebagai “ Kelompok Usaha” ) referred to as the “ Group” ), which comprise the
terlampir, yang terdiri dari laporan posisi consolidated statement of financial position as of
keuangan konsolidasian tanggal 31 Desember December 31, 2023, and the consolidated
/ 2023, serta laporan laba rugi dan penghasilan statement of profit or loss and other
komprehensif lain konsolidasian, laporan comprehensive income, consolidated statement of
perubahan ekuitas konsolidasian, dan laporan changes in equity, and consolidated statement of
arus kas konsolidasian untuk tahun yang berakhir cash flows for the year then ended, and notes to
pada tanggal tersebut, serta catatan atas laporan the consolidated financial statements, including
keuangan konsolidasian, termasuk informasi material accounting policy information.
kebijakan akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara financial statements present fairly, in all material
wajar, dalam semua hal yang material, posisi respect s, the consolidated financial position of the
keuangan konsolidasian Kelompok Usaha tanggal Group as of December 31, 2023, and its
31 Desember 2023, serta kinerja keuangan dan consolidated financial performance and cash flows
arus kas konsolidasiannya untuk tahun yang for the year then ended, in accordance with
berakhir pada tanggal tersebut, sesuai dengan Indonesian Financial Accounting Standards.
Standar Akuntansi Keuangan di Indonesia.
i
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The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung Indonesian Institute of Certified Public
jawab kami menurut standar tersebut Accountants (“ IICPA” ). Our responsibilities under
diuraikan lebih lanjut dalam paragraf Tanggung those standards are further described in the
Jawab Auditor terhadap Audit atas Laporan Auditor’s Responsibilities for the Audit of the
Keuangan Konsolidasian pada laporan kami. Consolidated Financial Statements paragraph of
Kami independen terhadap Kelompok Usaha our report. We are independent of the Group in
berdasarkan ketentuan etika yang relevan dalam accordance with the ethical requirements relevant
audit kami atas laporan keuangan konsolidasian di to our audit of the consolidated financial
Indonesia, dan kami telah memenuhi tanggung statements in Indonesia, and we have fulfilled our
jawab etika lainnya berdasarkan ketentuan other ethical responsibilities in accordance with
tersebut. Kami yakin bahwa bukti audit yang telah such requirements. We believe that the audit
kami peroleh adalah cukup dan tepat untuk evidence we have obtained is sufficient and
menyediakan suatu basis bagi opini kami. appropriate to provide a basis for our opinion.
Hal audit ut ama Key audit mat t ers
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that , in our
pertimbangan profesional kami, merupakan hal professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal of the current period. Such key audit matters were
audit utama tersebut disampaikan dalam konteks addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our opinion t hereon, and we do not
kami atas laporan keuangan konsolidasian terkait, provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.
ii
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The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Kami telah memenuhi tanggung jawab yang We have fulfilled t he responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk our report, including in relation to the key audit
sehubungan dengan hal audit utama yang matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu, audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini, provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan accompanying consolidated financial statements.
keuangan konsolidasian terlampir.
Kecukupan penyisihan atas kerugian kredit Adequacy in allowance for expected credit loss
ekpektasian atas nilai piutang usaha on trade receivables
Penjelasan atas hal audit utama: Description of the key audit matter:
Pada tanggal 31 Desember 2023, saldo piutang As of December 31, 2023, the Company’s trade
usaha Perusahaan sebesar Rp4.892.127 juta, receivables amounted to Rp4,892,127 million,
mencerminkan 16,2%dari total aset konsolidasian which represents 16.2% of the Group’s
Kelompok Usaha. Piutang usaha diakui sebagai consolidated total assets, respectively. The trade
aset keuangan pada biaya perolehan diamortisasi receivables are recognized as financial assets at
dikurangi akumulasi penurunan nilai. Perusahaan amortized cost less accumulated impairment . The
telah mengakui penyisihan kerugian kredit Company recognized allowance for expected credit
ekspektasian (KKE) sebesar Rp93.847 juta pada losses (ECL) amounting to Rp93,847 million as of
tanggal 31 Desember 2023. Penyisihan kerugian December 31, 2023. The allowance for ECL is
kredit ekspektasian, terutama mencerminkan mainly the results of individual impairment
penilaian penurunan nilai secara individu untuk assessments of various customers at the reporting
sejumlah pelanggan pada tanggal pelaporan. Kami date. We considered the allowance for ECL as a key
mempertimbangkan penyisihan KKE sebagai hal audit matter due to the high degree of judgments
audit utama karena tingkat pertimbangan yang applied by management. In general, in assessing
tinggi yang diterapkan oleh manajemen. Secara the impairment on individual basis of trade
umum, dalam menentukan penurunan nilai secara receivables, management exercised significant
individu atas piutang usaha, manajemen judgment s to evaluate the collectabilit y of
menggunakan pertimbangan untuk mengevaluasi individual customers after taking into account their
kolektibilitas dari pelanggan secara individual creditworthiness and aging analysis. The
dengan mempertimbangkan kelayakan kredit assessment also involves the information about
pelanggan dan analisis umur jatuh tempo. past event s, current conditions and forecasts of
Pertimbangan ini juga melibatkan informasi future conditions, as well as the time value of
peristiwa masa lalu, keadaan masa kini, dan money.
perkiraan masa depan, serta nilai waktu uang.
iii
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The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Kecukupan penyisihan atas kerugian kredit Adequacy in allowance for expected credit loss
ekpektasian atas nilai piutang usaha (lanjutan) on trade receivables (continued)
Penjelasan atas hal audit utama: (lanjutan) Description of the key audit matter: (continued)
Pengungkapan terkait piutang usaha dan The disclosure of trade receivables and allowance
penyisihan atas KKE disajikan dalam Catatan 2 for ECL are presented in Notes 2 and 5a to the
dan 5a atas laporan keuangan konsolidasian accompanying consolidated financial statements.
terlampir.
Respons audit: Audit response:
Kami memeroleh pemahaman atas proses We obtained an understanding of the Company’s
perkiraan penyisihan KKE piutang usaha process in estimating the allowance for ECL on
Perusahaan. Kami menguji dengan menggunakan trade receivables. We tested on a sample basis the
sampel untuk umur jatuh tempo piutang usaha aging of trade receivables at year end. We
pada akhir tahun. Kami mengevaluasi asumsi evaluated the management’s assumptions and
yang digunakan oleh manajemen dan judgment on their assessments of collectability
pertimbangan atas penilaian kolektibilitas dari from individual customers by comparing them to
setiap individu pelanggan dengan the historical collection trends of respective
membandingkan tren penerimaan historis individual customers. We considered the credits
dari setiap individu pelanggan. Kami granted to the customers and/ or their subsequent
mempertimbangkan fasilitas kredit yang settlements when performing analysis of
diberikan kepada pelanggan dan/ atau pelunasan receivables’ aging brackets. We also checked the
setelah tanggal pelaporan ketika melakukan mathematical accuracy of the time value of money
analisis terhadap golongan umur piutang. Kami calculation, and assessed the effective interest
juga memeriksa akurasi matematis dari rate used in discounting the forecast of
perhitungan nilai waktu uang, dan menilai tingkat future collections. In addition, we evaluated the
suku bunga efektif yang digunakan dalam reasonableness of the Company’s allowance for
mendiskontokan perkiraan penerimaan di masa ECL through independent recalculation.
depan. Selain it u, kami mengevaluasi kewajaran
pada penyisihan KKE Perusahaan melalui
perhitungan ulang secara independen.
Kami juga melakukan evaluasi atas kecukupan We also assessed the adequacy of the disclosures
pengungkapan terkait penyisihan KKE atas related to allowance for ECL on trade receivables in
piutang usaha pada catatan atas laporan the notes to the accompanying consolidated
keuangan konsolidasian terlampir. financial statements.
iv
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283
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Informasi lain Ot her informat ion
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan 2023 information included in the 2023 Annual Report
(“ Laporan Tahunan” ) selain laporan keuangan (the “ Annual Report” ) other than the
konsolidasian terlampir dan laporan auditor accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan and our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan Annual Report is expected to be made available to
auditor independen ini. us after the date of this independent auditor’s
report.
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the Annual Report .
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca responsibility is to read the Annual Report when it
Laporan Tahunan ketika tersedia dan, becomes available and, in doing so, consider
dalam melaksanakannya, mempertimbangkan whether the Annual Report is materially
apakah Laporan Tahunan mengandung inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan financial statements or our knowledge obtained in
keuangan konsolidasian terlampir atau the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
v
www.akr.co.id
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284
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian financial st at ement s
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh control as management determines is necessary to
manajemen untuk memungkinkan penyusunan enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas statements that are free from material
dari kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Kelompok Usaha Group’s abilit y to continue as a going concern,
dalam mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal- concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha, accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan liquidate the Group or to cease it s operations, or
usaha, kecuali manajemen memiliki intensi untuk has no realistic alternative but to do so.
melikuidasi Kelompok Usaha atau menghentikan
operasi, atau tidak memiliki alternatif yang
realistis selain melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Kelompok Usaha.
vi
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285
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Tanggung jawab auditor t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian consolidat ed financial st at ement s
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is
independen yang mencakup opini kami. Keyakinan a high level of assurance, but is not a guarantee
memadai merupakan suatu tingkat keyakinan that an audit conducted in accordance with
tinggi, namun bukan merupakan suatu jaminan Standards on Auditing established by the IICPA will
bahwa audit yang dilaksanakan berdasarkan always detect a material misstatement when it
Standar Audit yang ditetapkan oleh IAPI akan exists. Misstatements can arise from fraud or error
selalu mendeteksi kesalahan penyajian material and are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users taken
kesalahan dan dianggap material jika, baik secara on the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit . We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi dari yang disebabkan intentional omissions, misrepresentations, or
oleh kesalahan, karena kecurangan dapat override of internal control.
melibat kan kolusi, pemalsuan, penghilangan
secara sengaja, pernyataan salah, atau
pengabaian atas pengendalian internal.
vii
www.akr.co.id
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286
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Tanggung jawab auditor t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi circumstances, but not for the purpose of
bukan untuk tujuan menyatakan opini expressing an opinion on the effectiveness of
atas keefektivitasan pengendalian internal the Group’s internal control.
Kelompok Usaha.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit yang of accounting and, based on the audit evidence
diperoleh, apakah terdapat suatu obtained, whether a material uncertaint y exists
ketidakpastian material yang terkait dengan related to event s or conditions that may cast
peristiwa atau kondisi yang dapat significant doubt on the Group's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Kelompok Usaha untuk that a material uncertaint y exists, we are
mempertahankan kelangsungan usahanya. required to draw attention in our independent
Ketika kami menyimpulkan bahwa terdapat auditor’s report to the related disclosures in
suatu ketidakpastian material, kami the consolidated financial statements or, if
diharuskan untuk menarik perhatian dalam such disclosures are inadequate, to modify our
laporan auditor independen kami ke opinion. Our conclusion is based on the audit
pengungkapan terkait dalam laporan evidence obtained up to the date of our
keuangan konsolidasian atau, jika independent auditor’s report. However, future
pengungkapan tersebut tidak memadai, events or conditions may cause the Group to
memodifikasi opini kami. Kesimpulan kami cease to continue as a going concern.
didasarkan pada bukti audit yang diperoleh
hingga tanggal laporan auditor independen
kami. Namun, peristiwa atau kondisi masa
depan dapat menyebabkan Kelompok Usaha
tidak dapat mempertahankan kelangsungan
usaha.
viii
Laporan Tahunan 2023
Page 283
287
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Tanggung jawab auditor t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan konsolidasian whether the consolidated financial statements
mencerminkan transaksi dan peristiwa yang represent the underlying transactions and
mendasarinya dengan suatu cara yang events in a manner that achieves fair
mencapai penyajian wajar. presentation.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
terkait informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Kelompok Usaha untuk entities or business activities within the Group
menyatakan opini atas laporan keuangan to express an opinion on the consolidated
konsolidasian. Kami bertanggung jawab atas financial statements. We are responsible for
arahan, supervisi, dan pelaksanaan audit the direction, supervision, and performance of
grup. Kami tetap bertanggung jawab the group audit . We remain solely responsible
sepenuhnya atas opini audit kami. for our audit opinion.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang planned scope and timing of the audit and
direncanakan atas audit serta temuan audit significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan deficiencies in internal cont rol that we identify
dalam pengendalian internal yang teridentifikasi during our audit.
oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika relevant ethical requirements regarding
yang relevan mengenai independensi, dan independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami, independence, and where applicable, related
dan, jika relevan, pengamanan terkait. safeguards.
ix
www.akr.co.id
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288
The original report included herein is in the Indonesian
language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00252/ 2.1032/ AU.1/ 05/ 0685- Report No. 00252/ 2.1032/ AU.1/ 05/ 0685-
4/ 1/ III/ 2024 (lanjutan) 4/ 1/ III/ 2024 (continued)
Tanggung jawab auditor t erhadap audit at as Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an) consolidat ed financial st at ement s (cont inued)
Dari hal-hal yang dikomunikasikan kepada pihak From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami charged with governance, we determine those
menentukan hal-hal tersebut yang paling matters that were of most significance in the audit
signifikan dalam audit atas laporan keuangan of the consolidated financial statements of the
konsolidasian periode kini dan oleh karenanya current period and are therefore the key audit
menjadi hal audit utama. Kami menguraikan hal matters. We describe such key audit matters in our
audit utama tersebut dalam laporan auditor independent auditor’s report unless laws or
independen kami kecuali peraturan perundang- regulations preclude public disclosure about such
undangan melarang pengungkapan publik tentang key audit matters or when, in extremely rare
hal audit utama tersebut atau ketika, dalam circumstances, we determine that a key audit
kondisi yang sangat jarang terjadi, kami matter should not be communicated in our
menentukan bahwa suatu hal audit utama tidak independent auditor’s report because the adverse
boleh dikomunikasikan dalam laporan auditor consequences of doing so would reasonably be
independen kami karena konsekuensi yang expected to outweigh the public interest benefits of
merugikan dari mengomunikasikan hal tersebut such communication.
akan diekspektasikan secara wajar melebihi
manfaat kepentingan publik atas komunikasi
tersebut.
KAP Purwant ono, Sungkoro & Surja
Benyant o Suherman
Registrasi Akuntan Publik No. AP.0685/ Public Accountant Registration No. AP.0685
20 Maret 2024/ March 20, 2024
x
Laporan Tahunan 2023
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289
The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2023 Notes 2022
Aset Assets
Aset Lancar Current Assets
Kas dan setara kas 6.535.625.681 3,4,18 4.337.980.751 Cash and cash equivalents
Piutang usaha 3,5a,18 Trade receivables
Pihak berelasi 132.880 32 50.432 Related party
Pihak ketiga - neto 6.403.310.984 5.971.408.972 Third parties - net
Piutang lain-lain 3,5b Other receivables
Pihak berelasi 8.217.551 32 5.201.624 Related parties
Pihak ketiga 48.179.645 43.751.956 Third parties
Persediaan - neto 3.133.621.502 6 3.051.343.242 Inventories - net
Persediaan tanah kawasan industri 1.620.808.463 13 2.169.233.066 Industrial estate land inventory
Pajak dibayar di muka 197.028.073 27a 108.106.576 Prepaid taxes
Uang muka 85.322.248 64.676.117 Advance payments
Biaya dibayar di muka 73.764.039 7 72.021.850 Prepaid expenses
Aset lancar lainnya 15.040.591 3,8,27c 17.519.665 Other current assets
Total Aset Lancar 18.121.051.657 15.841.294.251 Total Current Assets
Aset Tidak Lancar Non-Current Assets
Piutang usaha jangka panjang Long-term trade receivables
dari pihak ketiga - neto 387.378.827 3,5a 494.583.828 from third parties - net
Investasi pada entitas asosiasi 445.892.740 9 417.300.271 Investments in associates
Aset pajak tangguhan - neto 201.297.850 27d 205.213.107 Deferred tax assets - net
Properti investasi 1.816.567.520 12 1.816.567.520 Investment property
Aset tetap - neto 5.466.446.896 10,18,34 4.996.696.832 Property, plant and equipment - net
Aset hak-guna - neto 617.801.889 11 586.193.133 Right-of-use assets - net
Estimasi tagihan pajak Estimated claims for
penghasilan jangka panjang 16.274.311 27c 43.598.633 tax refund - long-term
Persediaan tanah kawasan industri Industrial estate land inventory
untuk pengembangan 3.026.267.791 13 2.587.396.616 for development
Uang muka 42.968.020 34 42.968.020 Advance payments
Aset keuangan tidak lancar lainnya - neto 66.662.432 3,34 132.387.490 Other non-current financial assets - net
Aset tidak lancar lainnya - neto 46.013.184 23.408.335 Other non-current assets - net
Total Aset Tidak Lancar 12.133.571.460 11.346.313.785 Total Non-Current Assets
Total Aset 30.254.623.117 27.187.608.036 Total Assets
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
1
www.akr.co.id
Page 286
290
The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2023 Notes 2022
Liabilitas dan Ekuitas Liabilities and Equity
Liabilitas Liabilities
Liabilitas Jangka Pendek Current Liabilities
Hutang bank jangka pendek 5.000.000 3,17 1.573.705 Short-term bank loans
Hutang usaha - pihak ketiga 9.519.185.995 3,14a 9.239.323.818 Trade payables - third parties
Hutang lain-lain - pihak ketiga 349.640.045 3,14b 72.571.876 Other payables - third parties
Hutang pajak 450.027.838 27b 350.461.872 Taxes payable
Biaya masih harus dibayar 571.823.594 3,15 623.931.872 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 187.750.044 29 195.016.227 benefits liabilities
Liabilitas sewa jangka pendek 43.446.381 3,16 15.469.598 Current lease liabilities
Liabilitas kontrak jangka pendek 224.865.280 12,32 226.516.877 Current contract liabilities
Hutang bank jangka panjang dan lainnya Current maturities of long-term
yang jatuh tempo dalam satu tahun 1.089.267.780 3,18 554.639.521 bank loans and others
Hutang obligasi Current maturities of
yang jatuh tempo dalam satu tahun 36.833.937 3,19 - bonds payables
Hutang dividen 55.536.914 3,20 986.227 Dividend payables
Total Liabilitas Jangka Pendek 12.533.377.808 11.280.491.593 Total Current Liabilities
Liabilitas Jangka Panjang Non-Current Liabilities
Liabilitas pajak tangguhan - neto 18.384.131 27d 11.395.226 Deferred tax liabilities - net
Hutang bank jangka panjang dan lainnya
setelah dikurangi bagian
yang jatuh tempo dalam Long-term bank loans and others
satu tahun 3.117.277.847 3,18 2.101.263.279 net of current maturities
Hutang obligasi - 3,19 36.751.679 Bonds payables
Liabilitas imbalan pasca kerja 177.230.676 29 144.724.214 Post-employment benefits liabilities
Liabilitas kontrak jangka panjang 19.380.841 12 78.668.895 Non-current contract liabilities
Liabilitas sewa jangka panjang 336.940.196 3,16 306.865.471 Non-current lease liabilities
Hutang dividen - 3,20 54.107.938 Dividend payables
Liabilitas jangka panjang lainnya 9.074.105 18.528.966 Other non-current liabilities
Total Liabilitas Jangka Panjang 3.678.287.796 2.752.305.668 Total Non-Current Liabilities
Total Liabilitas 16.211.665.604 14.032.797.261 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
2
Laporan Tahunan 2023
Page 287
291
The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2023 As of December 31, 2023
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2023 Notes 2022
Ekuitas Equity
Ekuitas yang Dapat Diatribusikan Equity Attributable to the
Kepada Pemilik Entitas Induk Owners of the Parent Entity
Modal saham - nilai nominal Shared capital - Rp20 par value per
Rp20 per saham (angka penuh) share (full amount)
Modal dasar - 37.500.000.000 Authorized -
saham 37,500,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 20.073.474.600 saham 401.469.492 21 401.469.492 20,073,474,600 shares
Tambahan modal disetor 1.287.163.057 22 1.287.163.057 Additional paid-in capital
Saham treasuri - 336.305.000 saham (118.071.864 ) 21 (118.071.864) Treasury stock - 336,305,000 shares
Exchange difference
Selisih kurs karena penjabaran due to translation of
laporan keuangan 226.451.794 235.378.128 financial statements
Komponen ekuitas lainnya Other component of equity
Bagian atas perubahan lainnya Share of other changes
dari ekuitas entitas anak 68.996.200 23 69.001.149 in equity of subsidiaries
Saldo laba Retained earnings
- Ditentukan penggunaannya 3.718.000 28 3.518.000 Appropriated -
- Tidak ditentukan penggunaannya 9.392.897.529 9.090.404.725 Unappropriated -
-
11.262.624.208 10.968.862.687
Kepentingan nonpengendali 2.780.333.305 20 2.185.948.088 Non-controlling interests
Total Ekuitas 14.042.957.513 13.154.810.775 Total Equity
Total Liabilitas dan Ekuitas 30.254.623.117 27.187.608.036 Total Liabilities and Equity
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
3
www.akr.co.id
Page 288
292
The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF
KOMPREHENSIF LAIN KONSOLIDASIAN PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir COMPREHENSIVE INCOME
pada Tanggal 31 Desember 2023 For the Year Ended
(Disajikan dalam Ribuan Rupiah, December 31, 2023
Kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah,
Unless Otherwise Stated)
Catatan/
2023 Notes 2022
Pendapatan dari kontrak dengan Revenue from contract
pelanggan 41.817.425.630 24,32 47.269.426.164 with customers
Pendapatan sewa 269.526.806 270.560.440 Rental income
Total Pendapatan 42.086.952.436 47.539.986.604 Total Revenues
Beban Pokok Penjualan
Pendapatan (37.613.487.899 ) 25 (43.287.573.122) Cost of Sales and Revenues
Laba bruto 4.473.464.537 4.252.413.482 Gross profit
Beban Usaha 26,32 Operating Expenses
Beban umum dan administrasi (877.798.573 ) (975.279.769) General and administrative expenses
Beban penjualan (97.071.990 ) (153.814.113) Selling expenses
Pendapatan (Beban) Usaha Lainnya Other Operating Income (Expenses)
Laba atas penjualan/pengalihan Gain on sale/transfer of property,
aset tetap - neto 14.657.761 10 7.058.827 plant and equipment - net
Laba (rugi) selisih kurs - neto 6.248.958 (45.972.224) Foreign exchange gain (loss) - net
Pendapatan usaha lainnya 48.961.005 19.582.323 Other operating income
Beban usaha lainnya (7.927.557 ) (17.206.993) Other operating expenses
Laba usaha 3.560.534.141 3.086.781.533 Operating profit
Penghasilan keuangan 196.567.492 49.074.023 Finance income
Pajak final terkait Final tax related
penghasilan keuangan (35.675.352 ) (9.359.048) to finance income
Beban keuangan (68.489.236 ) 16,17,18,19 (57.212.531) Finance costs
Bagian atas laba entitas asosiasi 34.534.891 9 16.632.809 Share in income of associates
Laba Sebelum Pajak Final dan Profit Before Final and
Pajak Penghasilan 3.687.471.936 3.085.916.786 Income Tax
Pajak final (19.813.545 ) (62.100.226) Final tax
Laba Sebelum Pajak Penghasilan 3.667.658.391 3.023.816.560 Profit Before Income Tax
Pajak penghasilan - neto: 27 Income tax - net:
Pajak kini (577.041.476 ) (495.142.854 ) Current tax
Pajak tangguhan (12.147.214 ) (49.614.549) Deferred tax
Pajak penghasilan - neto (589.188.690 ) (544.757.403) Income tax - net
Laba Neto Tahun Berjalan 3.078.469.701 2.479.059.157 Net Profit for the Year
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
4
Laporan Tahunan 2023
Page 289
293
The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir COMPREHENSIVE INCOME (continued)
pada Tanggal 31 Desember 2023 For the Year Ended
(Disajikan dalam Ribuan Rupiah, December 31, 2023
Kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah,
Unless Otherwise Stated)
Catatan/
2023 Notes 2022
Penghasilan Komprehensif Lain Other Comprehensive Income
Pos yang Direklasifikasi Item to be Reclassified
ke Laba Rugi pada to Profit or Loss
Periode Mendatang in Subsequent Period
Exchange difference due to
Selisih kurs karena penjabaran translation of financial
laporan keuangan (19.633.446 ) 95.754.058 statements
Pos yang Tidak Direklasifikasi Item Not to be Reclassified
ke Laba Rugi pada to Profit or Loss in
Periode Mendatang Subsequent Period
Keuntungan (kerugian) aktuarial Actuarial gain (loss) of
atas imbalan pasca kerja (11.753.559 ) 29 894.431 post-employment benefits
Pajak tangguhan terkait 1.243.052 295.550 Related deferred tax
Laba (Rugi) Komprehensif Lain Other Comprehensive Income (Loss)
Tahun Berjalan Setelah Pajak (30.143.953 ) 96.944.039 for the Year, Net of Tax
Total Penghasilan Komprehensif Total Comprehensive Income
Tahun Berjalan 3.048.325.748 2.576.003.196 for the Year
Laba Tahun Berjalan Profit for the Year
yang Dapat Diatribusikan kepada: Attributable to:
Pemilik entitas induk 2.780.349.511 2.403.334.889 Equity holders of parent entity
Kepentingan nonpengendali 298.120.190 20 75.724.268 Non-controlling interests
Laba Neto Tahun Berjalan 3.078.469.701 2.479.059.157 Net Profit for the Year
Total Penghasilan Komprehensif Total Comprehensive
Tahun Berjalan yang Income for the Year
Dapat Diatribusikan kepada: Attributable to:
Pemilik entitas induk 2.760.912.670 2.452.707.915 Equity holders of parent entity
Kepentingan nonpengendali 287.413.078 20 123.295.281 Non-controlling interests
Total Penghasilan Komprehensif Total Comprehensive
Tahun Berjalan 3.048.325.748 2.576.003.196 Income for the Year
LABA PER SAHAM 31 EARNINGS PER SHARE
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada Attributable to equity
pemilik entitas induk holders of the parent entity
Dasar 140,87 121,77 Basic
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
5
www.akr.co.id
Page 290
294
The original consolidated financial statements included herein are in the Indonesian language.
PT AKR CORPORINDO TBK DAN ENTITAS ANAKNYA PT AKR CORPORINDO TBK AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF
Untuk Tahun yang Berakhir pada Tanggal CHANGES IN EQUITY
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah, Unless Otherwise Stated)
Laporan Tahunan 2023
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Equity Holders of the Parent Entity
Selisih Kurs
Karena
Penjabaran Bagian Atas
Laporan Perubahan
Keuangan/ Lainnya
Saldo Laba/ Exchange Dari Ekuitas
Modal Tambahan Retained Earnings Difference Entitas Anak/
Ditempatkan dan Modal Saham Due to Share of Kepentingan
Disetor Penuh/ Disetor/ Treasuri/ Ditentukan Tidak Ditentukan Translation of Other Changes Nonpengendali/
Catatan/ Paid-up Capital Additional Treasury Penggunaannya/ Penggunaannya/ Financial in Equity Total/ Non-controlling Total Ekuitas/
Notes Stock Paid-in Capital Stock Appropriated Unappropriated Statements of Subsidiaries Total Interest Total Equity
Saldo per 1 Januari 2023 401.469.492 1.287.163.057 (118.071.864) 3.518.000 9.090.404.725 235.378.128 69.001.149 10.968.862.687 2.185.948.088 13.154.810.775 Balance as of January 1, 2023
Laba tahun berjalan 2023 - - - - 2.780.349.511 - - 2.780.349.511 298.120.190 3.078.469.701 Profit for the year 2023
Rugi komprehensif lain - - - - (10.510.507) (8.926.334 ) - (19.436.841) (10.707.112) (30.143.953 ) Other comprehensive loss
Total penghasilan komprehensif Total comprehensive income
tahun berjalan - - - - 2.769.839.004 (8.926.334 ) - 2.760.912.670 287.413.078 3.048.325.748 for the year
Pencadangan umum 28 - - - 200.000 (200.000) - - - - - Appropriation of general reserve
Pembagian dividen kepada Declaration of dividens to
pemilik entitas induk 28 - - - - (2.467.146.200) - - (2.467.146.200) - (2.467.146.200) equity holders of parent entity
Bagian atas perubahan lainnya Share of other changes in equity
dari ekuitas entitas anak 20,23 - - - - - - (4.949) (4.949) 4.949 - of subsidiaries
Penambahan investasi oleh Additional investment by
kepentingan nonpengendali 20 - - - - - - - - 306.967.190 306.967.190 non-controlling interests
Saldo per 31 Desember 2023 401.469.492 1.287.163.057 (118.071.864) 3.718.000 9.392.897.529 226.451.794 68.996.200 11.262.624.208 2.780.333.305 14.042.957.513 Balance as of December 31, 2023
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements orom an integral part of these consolidated financial statements.
6
Page 291
The original consolidated financial statements included herein are in the Indonesian language.
PT AKR CORPORINDO TBK DAN ENTITAS ANAKNYA PT AKR CORPORINDO TBK AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF
Untuk Tahun yang Berakhir pada Tanggal CHANGES IN EQUITY (continued)
31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah, Unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Equity Holders of the Parent Entity
Selisih Kurs
Karena
Penjabaran Bagian Atas
Laporan Perubahan
Keuangan/ Lainnya
Saldo Laba/ Exchange Dari Ekuitas
Modal Tambahan Retained Earnings Difference Entitas Anak/
Ditempatkan dan Modal Saham Due to Share of Kepentingan
Disetor Penuh/ Disetor/ Treasuri/ Ditentukan Tidak Ditentukan Translation of Other Changes Nonpengendali/
Catatan/ Paid-up Capital Additional Treasury Penggunaannya/ Penggunaannya/ Financial in Equity Total/ Non-controlling Total Ekuitas/
Notes Stock Paid-in Capital Stock Appropriated Unappropriated Statements of Subsidiaries Total Interest Total Equity
Saldo per 1 Januari 2022 401.469.492 1.287.163.057 (118.071.864) 3.318.000 7.515.040.978 187.195.083 69.001.583 9.345.116.329 1.953.848.784 11.298.965.113 Balance as of January 1, 2022
Laba tahun berjalan 2022 - - - - 2.403.334.889 - - 2.403.334.889 75.724.268 2.479.059.157 Profit for the year 2022
Penghasilan komprehensif lain - - - - 1.189.981 48.183.045 - 49.373.026 47.571.013 96.944.039 Other comprehensive income
Total penghasilan komprehensif Total comprehensive income
tahun berjalan - - - - 2.404.524.870 48.183.045 - 2.452.707.915 123.295.281 2.576.003.196 for the year
Pencadangan umum 28 - - - 200.000 (200.000) - - - - - Appropriation of general reserve
Pembagian dividen kepada Declaration of dividends to
pemilik entitas induk 28 - - - - (828.961.123) - - (828.961.123) - (828.961.123 ) equity holders of parent entity
Bagian atas perubahan lainnya Share of other changes in equity
dari ekuitas entitas anak 20,23 - - - - - - (434) (434) 434 - of subsidiary
Penambahan investasi oleh Additional investment by
kepentingan nonpengendali 20 - - - - - - - - 108.803.589 108.803.589 non-controlling interests
Saldo per 31 Desember 2022 401.469.492 1.287.163.057 (118.071.864) 3.518.000 9.090.404.725 235.378.128 69.001.149 10.968.862.687 2.185.948.088 13.154.810.775 Balance as of December 31, 2022
www.akr.co.id
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements orom an integral part of these consolidated financial statements.
295
7
Page 292
296 The original consolidated financial statements included herein are in
the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF
Untuk Tahun yang Berakhir CASH FLOWS
pada Tanggal 31 Desember 2023 For the Year Ended December 31, 2023
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
2023 Notes 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Kas yang diterima dari pelanggan 46.155.348.462 50.987.672.596 Cash received from customers
Pembayaran kas kepada pemasok Cash payments to suppliers
dan untuk beban usaha (39.920.722.875 ) (46.642.645.100) and for operating expenses
Kas yang diperoleh dari
aktivitas operasi 6.234.625.587 4.345.027.496 Cash provided by operating activities
Penerimaan dari (pembayaran untuk): Cash received from (payments for):
Penghasilan keuangan 148.600.565 40.055.996 Finance income
Beban keuangan (59.823.435 ) (33.281.584) Finance costs
Akuisisi persediaan tanah Acquisitions of industrial
kawasan industri, termasuk estate land inventory, including
uang muka ke kontraktor advanced payments to contractors
dan kapitalisasi bunga (1.143.894.858 ) 13 (562.628.326) and interest capitalization
Pengembalian pajak penghasilan Refund of income tax
dan pajak lainnya 292.675.226 624.695.486 and other taxes
Pembayaran pajak penghasilan Payment of income tax
dan pajak lainnya (1.970.285.390 ) (1.785.055.986) and other taxes
Kas Neto yang Diperoleh dari Net Cash Provided by
Aktivitas Operasi 3.501.897.695 2.628.813.082 Operating Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Proceeds from sale/transfer of
Hasil penjualan/pengalihan aset tetap 63.443.491 10 12.802.201 property, plant and equipment
Penerimaan dividen dari Cash dividend
entitas asosiasi 1.539.036 9 846.800 from associate
Acquisitions of property,
Perolehan aset tetap (635.802.929 ) 10,36 (290.151.224) plant and equipment
Uang muka pembelian Advance for purchase of
aset tetap (12.714.392 ) - property, plant and equipment
Penerimaan atas divestasi saham Proceed from cash divestment
pada entitas asosiasi - 9 103.846 of shares in associate
Kas Neto yang Digunakan untuk Net Cash Used in
Aktivitas Investasi (583.534.794 ) (276.398.377) Investing Activities
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
8
Laporan Tahunan 2023
Page 293
The original consolidated financial statements included herein are in 297
the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) CASH FLOWS (continued)
Untuk Tahun yang Berakhir For the Year Ended December 31, 2023
pada Tanggal 31 Desember 2023 (Expressed in Thousands of Rupiah,
(Disajikan dalam Ribuan Rupiah, Unless Otherwise Stated)
Kecuali Dinyatakan Lain)
Catatan/
2023 Notes 2022
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penambahan hutang bank
jangka pendek 64.200.000 17 984.306.435 Proceeds of short-term bank loans
Pembayaran hutang bank
jangka pendek (60.773.100 ) 17 (993.434.484) Repayments of short-term bank loans
Penambahan hutang bank Proceeds of long-term
jangka panjang dan lainnya 2.438.212.337 18 409.118.674 bank loans and others
Pembayaran hutang bank Repayments of long-term bank loans
jangka panjang dan lainnya (870.240.766 ) 18 (440.265.605) and others
Penerimaan setoran modal dari Capital contribution from
kepentingan nonpengendali non-controlling interest
entitas anak 306.967.190 20 108.803.589 of subsidiaries
Pembayaran dividen tunai kepada Payments of cash dividends to
pemilik entitas induk (2.467.146.200 ) 28 (828.961.123) equity holders of the parent entity
Pembayaran liabilitas sewa (59.676.224 ) 16 (44.809.269) Payment of lease liabilities
Pembayaran hutang obligasi - 19 (68.000.000) Payment of bonds payable
Kas Neto yang Digunakan untuk Net Cash Used in
Aktivitas Pendanaan (648.456.763) (873.241.783) Financing Activities
KENAIKAN NETO NET INCREASE IN
KAS DAN SETARA KAS 2.269.906.138 1.479.172.922 CASH AND CASH EQUIVALENTS
Effect of foreign exchange
Dampak perubahan selisih kurs (72.261.208 ) 258.315.422 rate changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 4.337.980.751 4 2.600.492.407 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 6.535.625.681 4 4.337.980.751 AT END OF YEAR
Pengungkapan tambahan informasi arus kas disajikan Supplemental cash flow information is presented in
dalam Catatan 36. Note 36.
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements.
9
www.akr.co.id
Page 294
298 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM 1. GENERAL
a. Pendirian dan Informasi Umum a. Establishment and General Information
PT AKR Corporindo Tbk. ("Perusahaan") PT AKR Corporindo Tbk. (the "Company")
didirikan di Surabaya berdasarkan Akta Notaris was established in Surabaya on
Sastra Kosasih, S.H., No. 46 tanggal November 28, 1977, based on the Notarial
28 November 1977 yang diubah dengan Akta Deed No. 46 of Sastra Kosasih, S.H., which
Notaris No. 26 oleh notaris yang sama tanggal was amended by Notarial Deed No. 26 of the
12 April 1978. Akta pendirian dan perubahannya same notary dated April 12, 1978. The deed
telah disahkan oleh Menteri Kehakiman Republik of establishment and its amendment were
Indonesia dalam Surat Keputusan No. approved by the Ministry of Justice of the
Y.A.5/151/7 tanggal 14 Juni 1978, didaftarkan Republic of Indonesia in its Decision Letter
pada Pengadilan Negeri Surabaya dalam Surat No. Y.A.5/151/7 dated June 14, 1978,
No. 277/1978 dan No. 278/1978 tanggal registered at the District Court of Surabaya in
20 Juli 1978 serta diumumkan dalam lembaran its Letters No. 277/1978 and No. 278/1978
Berita Negara No. 101 Tambahan No. 741 on July 20, 1978, and published in
tanggal 19 Desember 1978. Pada tahun 1985, Supplement No. 741 of the State Gazette
Perusahaan memindahkan kantor pusatnya ke No. 101 dated December 19, 1978. In 1985,
lokasinya pada saat ini di Jakarta. Pada tahun the Company moved its head office to its
2004, Perusahaan mengganti namanya dari current location in Jakarta. In 2004, the
PT Aneka Kimia Raya Tbk. menjadi Company changed its name from PT Aneka
PT AKR Corporindo Tbk. Anggaran Dasar Kimia Raya Tbk. to PT AKR Corporindo Tbk.
Perusahaan telah mengalami perubahan dari The Articles of Association of the Company
waktu ke waktu yang mana perubahan terakhir has been amended from time to time, the
dicakup dalam Akta Notaris Aulia Taufani, S.H., latest of which is covered in Notarial Deed of
No. 47 tanggal 28 April 2023, mengenai Aulia Taufani, S.H., No. 47 dated
perubahan susunan Dewan Komisaris April 28, 2023, concerning changes in the
Perusahaan. composition of Board of Commissioners of the
Company.
Sesuai dengan Pasal 3 Anggaran Dasar As stated in Article 3 of the Company’s Articles
Perusahaan, ruang lingkup kegiatan usaha of Association, the scope of its main business
utama Perusahaan antara lain meliputi bidang activities comprises of chemical and
industri barang kimia dan bahan bakar minyak; petroleum industry; wholesale and retail sale
perdagangan besar dan kecil dan distribusi trading and distribution of primarily chemical
terutama bahan kimia dan bahan bakar minyak products and petroleum products and gas;
(BBM) dan gas; pengangkutan dan pergudangan transportation and warehousing (activities of
(aktivitas penyewaan dan sewa guna usaha lease and finance lease without option rights,
tanpa hak opsi, ketenagakerjaan, agen employment, travel agent and other business
perjalanan dan penunjang usaha lainnya); support); professional, scientific and technical
aktivitas profesional, ilmiah dan teknis (jasa); (services) activities; and supporting business
serta kegiatan usaha penunjang yang meliputi activities comprises of transportation and
pengangkutan dan pergudangan; konstruksi; warehousing; construction; procurement of
pengadaan listrik, gas, uap, air panas dan udara electricity, gas, steam, hot water and cool air.
dingin.
10
Laporan Tahunan 2023
Page 295
The original consolidated financial statements included herein 299
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan Informasi Umum (lanjutan) a. Establishment and General Information
(continued)
Perusahaan saat ini bergerak dalam bidang The Company is currently engaged in the
distribusi produk BBM ke pasar industri, distribution of petroleum products to industrial
distribusi dan perdagangan bahan kimia (seperti customers, distribution and trading of chemical
caustic soda, sodium sulfat, PVC resin dan soda products (such as caustic soda, sodium
ash) yang digunakan oleh berbagai industri di sulphate, PVC resin and soda ash) used by
Indonesia sesuai dengan perjanjian distribusi various industries in Indonesia in accordance
dengan produsen asing dan lokal, penyewaan with distributorship agreements with foreign
gudang, kendaraan angkutan, tangki dan jasa and local manufacturers, rental of
logistik lainnya. warehouses, transportation vehicles, tanks
and other logistic services.
Perusahaan memulai kegiatan usaha The Company started its commercial
komersialnya pada bulan Juni 1978. operations in June 1978.
Perusahaan berdomisili di AKR Tower, Lantai The Company is domiciled at AKR Tower, 26th
26, JI. Panjang No. 5, Kebon Jeruk, Jakarta. Floor, JI. Panjang No. 5, Kebon Jeruk, Jakarta.
Kantor cabang utama Perusahaan berlokasi Its major branch office is located at
di JI. Sumatra No. 51-53, Surabaya. Kantor JI. Sumatra No. 51-53, Surabaya. Other sales
penjualan lainnya sekaligus terminal tangki office also the tank terminals is located in
berlokasi di Medan, Palembang, Lampung, Medan, Palembang, Lampung, Ciwandan
Ciwandan (Banten), Bandung, Semarang, (Banten), Bandung, Semarang, Pontianak,
Pontianak, Balikpapan, Banjarmasin, Stagen Balikpapan, Banjarmasin, Stagen (South
(Kalimantan Selatan), Muara Teweh (Kalimantan Kalimantan), Muara Teweh (Central
Tengah), Manado dan Bali. Kalimantan), Manado and Bali.
Anggota Dewan Komisaris, Direksi dan Audit The members of the Company's Boards of
Komite Perusahaan pada 31 Desember 2023 Commissioners (BOC) and Directors (BOD)
dan 2022 adalah sebagai berikut: and Audit Committee on December 31, 2023
and 2022 are as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Dewan Komisaris Board of Commissioners (BOC)
Presiden Komisaris : Soegiarto Adikoesoemo Soegiarto Adikoesoemo : President Commissioner
Komisaris Independen : Moh. Fauzi M. Ichsan Moh. Fauzi M. Ichsan : Independent Commissioner
Komisaris : Sofyan A. Djalil * I Nyoman Mastra : Commissioner
Dewan Direksi Board of Directors (BOD)
Presiden Direktur : Haryanto Adikoesoemo Haryanto Adikoesoemo : President Director
Direktur : Jimmy Tandyo Jimmy Tandyo : Directors
Bambang Soetiono Bambang Soetiono
Mery Sofi Mery Sofi
Suresh Vembu Suresh Vembu
Nery Polim Nery Polim
Termurti Tiban Termurti Tiban
Komite Audit Audit Committee
Ketua : Moh. Fauzi M. Ichsan Moh. Fauzi M. Ichsan : Chairman
Anggota : Sahat Pardede Sahat Pardede : Members
Djisman Simandjuntak Djisman Simandjuntak
*) Ditunjuk melalui Rapat Umum Pemegang Saham, diaktakan oleh Notaris *) Appointed through Annual General Meeting of Shareholders,
Aulia Taufani, S.H., dengan Akta No. 47 tanggal 28 April 2023. notarized by Aulia Taufani, S.H., in Deed No. 47 dated
April 28, 2023.
11
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Page 296
300 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan Informasi Umum (lanjutan) a. Establishment and General Information
(continued)
Susunan Dewan Komisaris dan Direksi diangkat The composition of BOD and BOC appointed
berdasarkan keputusan Rapat Umum on April 28, 2023 through the Annual General
Pemegang Saham Tahunan tanggal Shareholders’ Meeting is effective until the
28 April 2023 berlaku efektif sampai dengan Annual General Shareholders' Meeting to be
Rapat Umum Pemegang Saham Tahunan tahun held in 2025.
2025.
Pada tanggal 31 Desember 2023, Perusahaan The Company and its Subsidiaries have total
dan Entitas Anak mempunyai 1.994 karyawan permanent employees of 1,994 as of
tetap (2022: 1.886) (tidak diaudit). December 31, 2023 (2022: 1,886) (unaudited).
b. Entitas Anak yang Dikonsolidasi b. Consolidated Subsidiaries
Entitas Induk dan Entitas Induk Terakhir dari The Parent and Ultimate Parent Company of
Perusahaan dan Entitas Anak (bersama-sama the Company and its Subsidiaries (together
disebut sebagai “Kelompok Usaha AKR” atau referred to as “AKR Group” or “the Group”) is
“Kelompok Usaha”) adalah PT Arthakencana PT Arthakencana Rayatama which is part of
Rayatama yang merupakan bagian dari the business group owned by Soegiarto’s and
kelompok Usaha yang dimiliki oleh keluarga Haryanto Adikoesoemo’s family based in
Soegiarto dan Haryanto Adikoesoemo yang Indonesia.
berbasis di Indonesia.
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Pemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Usaha Era Pratama Nusantara Surabaya Jasa logistik/ 99,99 99,99 2000 10.343.681 8.586.953
(UEPN) dan Entitas Anak/ Logistic services
and Subsidiary
PT Anugerah Krida Retailindo (AKRIDA) Jakarta Perdagangan, 99,99 99,99 2018 1.720.212 1.288.691
dan Entitas Anak/and Subsidiaries perusahaan holding/
Trading, holding company
PT Jakarta Tank Terminal (JTT) Jakarta Terminal tangki 51,00 51,00 2010 1.244.753 1.353.666
penyimpanan/
Tank storage terminal
PT AKR Sea Transport (AST) Jakarta Pelayaran domestik/ 99,99 99,99 2013 673.354 542.820
Domestic shipping
PT Andahanesa Abadi (Andahanesa) Jakarta Jasa logistik/ 99,99 99,99 1982 422.018 384.892
dan Entitas Anak/and Subsidiaries Logistic services
PT Arjuna Utama Kimia (Aruki) Surabaya Pabrikan bahan perekat/ 99,96 99,96 1976 354.489 460.607
Manufacturing of
adhesive materials
PT AKR Transportasi Indonesia (ATI) Jakarta Jasa logistik/ 99,90 99,90 2013 172.458 133.592
Logistic services
PT AKR Niaga Indonesia (ANI) Jakarta Perdagangan kimia dasar/ 99,99 99,99 2013 73.475 58.078
dan Entitas Anak/and Subsidiary Basic chemical trading
PT Berkah Buana Energi (BBE) Surabaya Distribusi dan pengangkutan/ 65,00 65,00 - 31.255 15.045
Distribution and transportation
PT Anugrah Karya Raya (Anugrah) Jakarta Perdagangan dan 99,99 99,99 2011 683 86.666
pertambangan batubara/
Coal trading and mining
12
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Page 297
The original consolidated financial statements included herein 301
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Rincian mengenai entitas anak dari UEPN The details of the subsidiary of UEPN are as
adalah sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiary Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Berkah Kawasan Manyar Sejahtera Surabaya Pengoperasian kawasan 60,00 60,00 2015 9.420.604 8.068.041
(BKMS) industri dan fasilitas
pendukung/
Industrial estate operations
and supporting facilities
Berdasarkan Peraturan Pemerintah Nomor 71 Based on the Government Regulation
Tahun 2021 tanggal 28 Juni 2021 Number 71 Year 2021 dated June 28, 2021
(PP No. 71/2021), Pemerintah Indonesia telah (PP No. 71/2021), the Government of
menetapkan lokasi usaha BKMS di Gresik, Jawa Indonesia has designated BKMS commercial
Timur sebagai Kawasan Ekonomi Khusus location at Gresik, East Java, as a Special
(“KEK”) dalam area batas delineasi dalam PP Economic Zone (“SEZ”) within the area as
tersebut. Penetapan ini diharapkan akan defined in the PP. This designation is expected
membawa nilai tambah untuk BKMS sebagai to bring value added to both BKMS as the
developer dan operator dari Kawasan Industri developer and operator of Java Integrated
dan Pelabuhan Jawa Terpadu (“JIIPE”) serta Industrial and Ports Estate (“JIIPE”) and the
para pelaku usaha di dalam Kawasan tersebut. tenants of the said Estate.
Rincian mengenai entitas anak dari Andahanesa The details of the subsidiaries of Andahanesa
adalah sebagai berikut: are as follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Terminal Nilam Utara (TNU) Surabaya Jasa logistik/ 60,00 60,00 2018 387.995 383.034
Logistic services
PT Anugerah Kreasi Pratama Surabaya Jasa logistik/ 99,99 - - 32.838 -
Indonesia (AKPI) Logistic services
PT Krida Jasa Utama (KJU) Jakarta Jasa logistik/ 99,99 - - 500 -
Logistic services
Rincian mengenai entitas anak dari AKRIDA The details of the subsidiaries of AKRIDA are
adalah sebagai berikut: as follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Aneka Petroindo Raya (APR) Jakarta Perdagangan/ 50,10 50,10 2018 1.572.104 1.158.737
Trading
PT Dirgantara Petroindo Raya (DPR) Jakarta Perdagangan/ 50,10 50,10 2019 71.406 73.440
Trading
PT Anugerah Lubrindo Raya (ALR) Jakarta Perdagangan/ 80,00 80,00 2019 61.834 51.615
dan Entitas Anak/and Subsidiaries Trading
PT Berkah Bunker Service (BBS) Surabaya Jasa logistik/ 99,99 - - 10.000 -
Logistic services
13
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Page 298
302 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Rincian mengenai entitas anak dari ALR adalah The details of the subsidiaries of ALR are as
sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Anugerah Lubrindo Batam (ALB) Jakarta Perdagangan/ 99,90 99,90 2019 2.746 2.162
Trading
Lubrindo Shipping Services Pte.Ltd Singapura/ Perdagangan umum 100 100 2019 1.230 1.487
(LSS) Singapore (pemasaran minyak pelumas)/
General trading
(marketing of lubricants)
Rincian mengenai entitas anak dari ANI adalah The details of the subsidiary of ANI are as
sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiary Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Des. 2023/ 31 Des. 2022/ 31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
PT Anugerah Kimia Indonesia (AKI) Jakarta Perdagangan/ 51,00 51,00 2021 72.361 56.332
Trading
Aktivitas investasi di tahun 2023 Investment activities in 2023
Berdasarkan Akta Notaris Yulia, S.H., No. 77 Based on the Notarial Deed of Yulia, S.H.,
tanggal 24 Februari 2023, APR meningkatkan No. 77 dated February 24, 2023, APR
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp1.173.434.256 menjadi Rp1.218.449.484 Rp1,173,434,256 to Rp1,218,449,484
dimana AKRIDA mengambil bagian dari whereby AKRIDA subscribed the capital
peningkatan modal disetor sebanyak increase of Rp22,552,629, while the other
Rp22.552.629, sedangkan pemegang saham shareholder, BP Global Investment Limited,
lainnya, BP Global Investment Limited, subscribed the remaining amount of
mengambil sisa saham sebesar Rp22.462.599. Rp22,462,599.
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on the Notarial Deed of Yulia,
S.H., No. 48 tanggal 24 Juli 2023, APR S.H., No. 48 dated July 24, 2023, APR
meningkatkan modal dasar dari increased its authorized capital from
Rp1.301.283.900 menjadi Rp1.621.107.900 dan Rp1,301,283,900 to Rp1,621,107,900 and
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp1.218.449.484 menjadi Rp1.323.511.668 Rp1,218,449,484 to Rp1,323,511,668
dimana AKRIDA mengambil bagian dari whereby AKRIDA subscribed the capital
peningkatan modal disetor sebanyak increase of Rp52,636,154, while the other
Rp52.636.154, sedangkan pemegang saham shareholder, BP Global Investment Limited,
lainnya, BP Global Investment Limited, subscribed the remaining amount of
mengambil sisa saham sebesar Rp52.426.030. Rp52,426,030.
14
Laporan Tahunan 2023
Page 299
The original consolidated financial statements included herein 303
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2023 (lanjutan) Investment activities in 2023 (continued)
Selanjutnya, berdasarkan Akta Notaris Yulia, Moreover, based on the Notarial Deed of
S.H., No. 6 tanggal 1 Desember 2023, APR Yulia, S.H., No. 6 dated December 1, 2023,
meningkatkan modal ditempatkan dan disetor APR increased its issued and paid-up capital
dari Rp1.323.511.668 menjadi Rp1.428.573.852 from Rp1,323,511,668 to Rp1,428,573,852
dimana AKRIDA mengambil bagian dari whereby AKRIDA subscribed the capital
peningkatan modal disetor sebanyak increase of Rp52,636,154, while the other
Rp52.636.154, sedangkan pemegang saham shareholder, BP Global Investment Limited,
lainnya, BP Global Investment Limited, subscribed the remaining amount of
mengambil sisa saham sebesar Rp52.426.030. Rp52,426,030.
Selanjutnya, berdasarkan Akta Notaris Yulia, Furthermore, based on the Notarial Deed of
S.H., No. 124 tanggal 29 Desember 2023, Yulia, S.H., No. 124 dated December 29,
APR meningkatkan modal dasar dari 2023, APR increased its authorized capitai
Rp1.621.107.900 menjadi Rp2.020.887.900 dan from Rp1,621,107,900 to Rp2,020,887,900
meningkatkan modal ditempatkan dan disetor and increased its issued and paid-up capital
dari Rp1.428.573.852 menjadi Rp1.683.713.448 from Rp1,428,573,852 to Rp1,683,713,448
dimana AKRIDA mengambil bagian dari whereby AKRIDA subscribed the capital
peningkatan modal disetor sebanyak increase of Rp127,824,938, while the other
Rp127.824.938, sedangkan pemegang saham shareholder, BP Global Investment Limited,
lainnya, BP Global Investment Limited, subscribed the remaining amount of
mengambil sisa saham sebesar Rp127.314.658. Rp127,314,658.
Berdasarkan Akta Notaris Yulia, S.H., No. 51 Based on the Notarial Deed of Yulia, S.H.,
tanggal 11 Desember 2023, Andahanesa dan No. 51 dated December 11, 2023,
Bpk. Yuwono Ongkowijoyo (Yuwono) mendirikan Andahanesa and Mr. Yuwono Ongkowijoyo
satu entitas baru, KJU. Andahanesa memiliki (Yuwono) established a new entity, KJU.
99,99% kepemilikan di KJU dan sisanya dimiliki Andahanesa holds a 99.99% ownership in
oleh Yuwono dengan modal dasar KJU sebesar KJU and the remaining is held by Yuwono,
Rp2.000.000. Pada tanggal 31 Desember 2023, with a total authorized capital amount of
setoran modal belum dilakukan. KJU bergerak Rp2,000,000. As of December 31, 2023, the
dalam bidang penyediaan sumber daya manusia capital subscription has not been done yet.
dan manajemen fungsi, dan perdagangan KJU is engaged in the provision of human
eceran Bahan Bakar Minyak (BBM), Bahan resources and management functions, and
Bakar Gas (BBG), dan Liquefied Petroleum Gas retail trading of Fuel Oil (BBM), Fuel Gas
(LPG). (BBG), and Liquefied Petroleum Gas (LPG).
Berdasarkan Akta Notaris Yulia, S.H., No. 47 Based on the Notarial Deed of Yulia, S.H.,
tanggal 17 Februari 2023, AKRIDA No. 47 dated February 17, 2023, AKRIDA
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp677.995.000 menjadi Rp700.595.000 Rp677,995,000 to Rp700,595,000 whereby
dimana Perusahaan mengambil keseluruhan the Company subscribed the entire capital
kenaikan saham tersebut sebesar increase of Rp22,600,000. The Company has
Rp22.600.000. Perusahaan telah melakukan made the Disclosure of Information in its Letter
Keterbukaan Informasi melalui Surat No. 006/L-AKR-CS/2023 dated February 21,
No. 006/L-AKR-CS/2023 tanggal 21 Februari 2023 to Financial Services Authority (OJK)
2023 Otoritas Jasa Keuangan (OJK) dan Bursa and Indonesia Stock Exchange (IDX).
Efek Indonesia (BEI).
15
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Page 300
304 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2023 (lanjutan) Investment activities in 2023 (continued)
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on the Notarial Deed of Yulia,
S.H., No. 51 tanggal 19 Mei 2023, AKRIDA S.H., No. 51 dated May 19, 2023, AKRIDA
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp700.595.000 menjadi Rp705.865.000 Rp700,595,000 to Rp705,865,000 whereby
dimana Perusahaan mengambil keseluruhan the Company subscribed the entire capital
kenaikan saham tersebut sebesar Rp5.270.000. increase of Rp5,270,000. The Company has
Perusahaan telah melakukan Keterbukaan made the Disclosure of Information in its Letter
Informasi melalui Surat No. 037/L-AKR-CS/2023 No. 037/L-AKR-CS/2023 dated May 22, 2023
tanggal 22 Mei 2023 ke OJK dan BEI. to OJK and IDX.
Selanjutnya, berdasarkan Akta Notaris Yulia, Moreover, based on the Notarial Deed of
S.H., No. 35 tanggal 10 Agustus 2023, AKRIDA Yulia, S.H., No. 35 dated August 10, 2023,
meningkatkan modal ditempatkan dan disetor AKRIDA increased its issued and paid-up
dari Rp705.865.000 menjadi Rp768.515.000 capital from Rp705,865,000 to Rp768,515,000
dimana Perusahaan mengambil keseluruhan whereby the Company subscribed the
kenaikan saham tersebut sebesar entire capital increase of Rp62,650,000.
Rp62.650.000. Perusahaan telah melakukan The Company has made the
Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 061/L-AKR-CS/2023 tanggal 11 Agustus No. 061/L-AKR-CS/2023 dated August 11,
2023 ke OJK dan BEI. 2023 to OJK and IDX.
Selanjutnya, berdasarkan Akta Notaris Yulia, Furthermore, based on the Notarial Deed of
S.H., No. 1 tanggal 1 Desember 2023, AKRIDA Yulia, S.H., No. 1 dated December 1, 2023,
meningkatkan modal ditempatkan dan disetor AKRIDA increased its issued and paid-up
dari Rp768.515.000 menjadi Rp821.165.000 capital from Rp768,515,000 to Rp821,165,000
dimana Perusahaan mengambil keseluruhan whereby the Company subscribed the
kenaikan saham tersebut sebesar entire capital increase of Rp52,650,000.
Rp52.650.000. Perusahaan telah melakukan The Company has made the
Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 101/L-AKR-CS/2023 tanggal 5 Desember No. 101/L-AKR-CS/2023 dated December 5,
2023 ke OJK dan BEI. 2023 to OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., No. 21 Based on the Notarial Deed of Yulia, S.H.,
tanggal 12 Oktober 2023, AST meningkatkan No. 21 dated October 12, 2023, AST
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp194.900.000 menjadi Rp274.900.000 dimana Rp194,900,000 to Rp274,900,000 whereby
Perusahaan mengambil keseluruhan kenaikan the Company subscribed the entire capital
saham tersebut sebesar Rp80.000.000. increase of Rp80,000,000. The Company has
Perusahaan telah melakukan Keterbukaan made the Disclosure of Information in its Letter
Informasi melalui Surat No. 081/L-AKR-CS/2023 No. 081/L-AKR-CS/2023 dated October 16,
tanggal 16 Oktober 2023 ke OJK dan BEI. 2023 to OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., No. 1 Based on the Notarial Deed of Yulia, S.H.,
tanggal 2 Oktober 2023, AKRIDA dan No. 1 dated October 2, 2023, AKRIDA and
Andahanesa mendirikan satu entitas baru, BBS. Andahanesa established a new entity, BBS.
AKRIDA memiliki 99,99% kepemilikan di BBS AKRIDA holds a 99.99% ownership in BBS
dan sisanya dimiliki oleh Andahanesa, dengan and the remaining is held by Andahanesa, with
jumlah modal disetor sebesar Rp10.000.000. a total subscribed capital amount of
BBS bergerak dalam bidang aktivitas pelayanan Rp10,000,000. BBS is engaged in sea port
kepelabuhan laut. services activities.
16
Laporan Tahunan 2023
Page 301
The original consolidated financial statements included herein 305
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2023 (lanjutan) Investment activities in 2023 (continued)
Berdasarkan Akta Notaris Yulia, S.H., No. 66 Based on the Notarial Deed of Yulia, S.H.,
tanggal 28 Juli 2023, Andahanesa dan UEPN No. 66 dated July 28, 2023, Andahanesa and
mendirikan satu entitas baru, AKPI. Andahanesa UEPN established a new entity, AKPI.
memiliki 99,99% kepemilikan di AKPI dan Andahanesa holds a 99.99% ownership in
sisanya dimiliki oleh UEPN, dengan jumlah AKPI and the remaining is held by UEPN, with
modal disetor sebesar Rp30.000.000. AKPI a total subscribed capital amount of
bergerak dalam bidang pergudangan dan Rp30,000,000. AKPI is engaged in
penyimpanan, penyimpanan minyak dan gas warehousing and storage, oil and gas storage,
bumi, aktivitas bounded warehousing atau bounded warehousing activities or
wilayah kawasan berikat, pergudangan dan bounded areas, other warehousing and
penyimpanan lainnya. Perusahaan telah storage. The Company has made the
melakukan Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 052/L-AKR-CS/2023 tanggal 1 Agustus 2023 No. 052/L-AKR-CS/2023 dated August 1,
ke OJK dan BEI. 2023 to OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., No. 98 Based on the Notarial Deed of Yulia, S.H.,
tanggal 23 Juni 2023, DPR meningkatkan modal No. 98 dated June 23, 2023, DPR increased
ditempatkan dan disetor dari Rp132.578.200 its issued and paid-up capital from
menjadi Rp142.904.600 dimana AKRIDA Rp132,578,200 to Rp142,904,600 whereby
mengambil bagian dari peningkatan modal AKRIDA subscribed the capital increase of
disetor sebanyak Rp5.173.527, sedangkan Rp5,173,527, while the other shareholder, BP
pemegang saham lainnya, BP Global Investment Global Investment Limited, subscribed the
Limited, mengambil sisa saham sebesar remaining amount of Rp5,152,873.
Rp5.152.873.
Berdasarkan Akta Notaris Yulia, S.H., No. 45 Based on the Notarial Deed of Yulia, S.H.,
tanggal 16 Mei 2023, BBE meningkatkan modal No. 45 dated May 16, 2023, BBE increased its
ditempatkan dan disetor dari Rp15.500.000 issued and paid-up capital from
menjadi Rp24.600.000 dimana Perusahaan Rp15,500,000 to Rp24,600,000 whereby
mengambil bagian dari peningkatan modal the Company subscribed the capital
disetor sebesar Rp5.915.000, sedangkan increase of Rp5,915,000, while the other
pemegang saham lainnya, PT Bayu Buana shareholder, PT Bayu Buana Gemilang
Gemilang (BBG) mengambil sisa saham (BBG), subscribed the remaining amount of
sebesar Rp3.185.000. Perusahaan telah Rp3,185,000. The Company has made the
melakukan Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 036/L-AKR-CS/2023 tanggal 19 Mei 2023 ke No. 036/L-AKR-CS/2023 dated May 19, 2023
OJK dan BEI. to OJK and IDX.
17
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Page 302
306 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2023 (lanjutan) Investment activities in 2023 (continued)
Berdasarkan Akta Notaris Yatiningsih, Based on the Notarial Deed of Yatiningsih,
S.H., M.H., No. 92 tanggal 27 April 2023, TNU S.H., M.H., No. 92 dated April 27, 2023, TNU
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp171.250.000 menjadi Rp281.250.000 Rp171,250,000 to Rp281,250,000 whereby
dimana Andahanesa mengambil bagian dari Andahanesa subscribed the capital increase
peningkatan modal disetor sebanyak of Rp66,000,000, while the other shareholder,
Rp66.000.000, sedangkan pemegang saham PT Berlian Jasa Terminal Indonesia,
lainnya, PT Berlian Jasa Terminal Indonesia, subscribed the remaining amount of
mengambil sisa saham sebesar Rp44.000.000. Rp44,000,000.
Aktivitas investasi di tahun 2022 Investment activities in 2022
Berdasarkan Akta Notaris Yulia, S.H., No. 28 Based on the Notarial Deed of
tanggal 7 April 2022, APR meningkatkan modal Yulia, S.H., No. 28 dated April 7, 2022, APR
dasar dari Rp1.001.448.900 menjadi increased its authorized capital from
Rp1.301.283.900 dan meningkatkan modal Rp1,001,448,900 to Rp1,301,283,900 and
ditempatkan dan disetor dari Rp964.509.228 increased its issued and paid-up capital from
menjadi Rp1.079.725.824 dimana AKRIDA Rp964,509,228 to Rp1,079,725,824 whereby
mengambil bagian dari peningkatan modal AKRIDA subscribed the capital increase of
disetor sebesar Rp57.723.515, sedangkan Rp57,723,515, while the other shareholder,
pemegang saham lainnya, BP Global Investment BP Global Investment Limited, subscribed the
Limited, mengambil sisa saham sebesar remaining amount of Rp57,493,081.
Rp57.493.081.
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on the Notarial Deed of Yulia,
S.H., No. 110 tanggal 31 Agustus 2022, APR S.H., No. 110 dated August 31, 2022, APR
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp1.079.725.824 menjadi Rp1.130.178.060 Rp1,079,725,824 to Rp1,130,178,060
dimana AKRIDA mengambil bagian dari whereby AKRIDA subscribed the capital
peningkatan modal disetor sebanyak increase of Rp25,276,570, while the other
Rp25.276.570, sedangkan pemegang saham shareholder, BP Global Investment Limited,
lainnya, BP Global Investment Limited, subscribed the remaining amount of
mengambil sisa saham sebesar Rp25.175.666. Rp25,175,666.
Selanjutnya, berdasarkan Akta Notaris Yulia, Moreover, based on the Notarial Deed of
S.H., No. 101 tanggal 15 Desember 2022, APR Yulia, S.H., No. 101 dated December 15,
meningkatkan modal ditempatkan dan disetor 2022, APR increased its issued and paid-up
dari Rp1.130.178.060 menjadi Rp1.173.434.256 capital from Rp1,130,178,060 to
dimana AKRIDA mengambil bagian dari Rp1,173,434,256 whereby AKRIDA
peningkatan modal disetor sebanyak subscribed the capital increase of
Rp21.671.354, sedangkan pemegang saham Rp21,671,354, while the other shareholder,
lainnya, BP Global Investment Limited, BP Global Investment Limited, subscribed the
mengambil sisa saham sebesar Rp21.584.842. remaining amount of Rp21,584,842.
18
Laporan Tahunan 2023
Page 303
The original consolidated financial statements included herein 307
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2022 (lanjutan) Investment activities in 2022 (continued)
Berdasarkan Akta Notaris Yulia, S.H., No. 7 Based on the Notarial Deed of Yulia, S.H.,
tanggal 7 Januari 2022, AKRIDA meningkatkan No. 7 dated January 7, 2022, AKRIDA
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp548.820.000 menjadi Rp572.820.000 dimana Rp548,820,000 to Rp572,820,000 whereby
Perusahaan mengambil keseluruhan kenaikan the Company subscribed the entire capital
saham tersebut sebesar Rp24.000.000. increase of Rp24,000,000. The Company has
Perusahaan telah melakukan Keterbukaan made the Disclosure of Information in its Letter
Informasi melalui Surat No. 005/L-AKR-CS/2022 No. 005/L-AKR-CS/2022 dated January 10,
tanggal 10 Januari 2022 ke OJK dan BEI. 2022 to OJK and IDX.
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on the Notarial Deed of Yulia,
S.H., No. 73 tanggal 25 April 2022, AKRIDA S.H., No. 73 dated April 25, 2022, AKRIDA
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp572.820.000 menjadi Rp630.820.000 Rp572,820,000 to Rp630,820,000 whereby
dimana Perusahaan mengambil keseluruhan the Company subscribed the entire capital
kenaikan saham tersebut sebesar increase of Rp58,000,000. The Company has
Rp58.000.000. Perusahaan telah melakukan made the Disclosure of Information in its Letter
Keterbukaan Informasi melalui Surat No. 027/L-AKR-CS/2022 dated April 26, 2022
No. 027/L-AKR-CS/2022 tanggal 26 April 2022 to OJK and IDX.
ke OJK dan BEI.
Selanjutnya, berdasarkan Akta Notaris Yulia, Moreover, based on the Notarial Deed of
S.H., No. 11 tanggal 7 September 2022, AKRIDA Yulia, S.H., No. 11 dated September 7,
meningkatkan modal ditempatkan dan disetor 2022, AKRIDA increased its issued
dari Rp630.820.000 menjadi Rp656.320.000 and paid-up capital from Rp630,820,000
dimana Perusahaan mengambil keseluruhan to Rp656,320,000 whereby the Company
kenaikan saham tersebut sebesar subscribed the entire capital increase of
Rp25.500.000. Perusahaan telah melakukan Rp25,500,000. The Company has made the
Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 077/L-AKR-CS/2022 tanggal 9 September No. 077/L-AKR-CS/2022 dated September 9,
2022 ke OJK dan BEI. 2022 to OJK and IDX.
Selanjutnya, berdasarkan Akta Notaris Yulia, Furthermore, based on the Notarial Deed of
S.H., No. 62 tanggal 12 Desember 2022, Yulia, S.H., No. 62 dated December 12,
AKRIDA meningkatkan modal ditempatkan 2022, AKRIDA increased its issued
dan disetor dari Rp656.320.000 menjadi and paid-up capital from Rp656,320,000 to
Rp677.995.000 dimana Perusahaan mengambil Rp677,995,000 whereby the Company
keseluruhan kenaikan saham tersebut sebesar subscribed the entire capital increase of
Rp21.675.000. Perusahaan telah melakukan Rp21,675,000. The Company has made
Keterbukaan Informasi melalui Surat the Disclosure of Information in its Letter
No. 096/L-AKR-CS/2022 tanggal 13 Desember No. 096/L-AKR-CS/2022 dated December 13,
2022 ke OJK dan BEI. 2022 to OJK and IDX.
19
www.akr.co.id
Page 304
308 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2022 (lanjutan) Investment activities in 2022 (continued)
Berdasarkan Akta Notaris Yulia, S.H., No. 28 Based on the Notarial Deed of Yulia, S.H.,
tanggal 7 Februari 2022, DPR meningkatkan No. 28 dated February 7, 2022, DPR
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp122.567.500 menjadi Rp132.578.200 dimana Rp122,567,500 to Rp132,578,200 whereby
AKRIDA mengambil bagian dari peningkatan AKRIDA subscribed the capital increase of
modal disetor sebesar Rp5.015.361, sedangkan Rp5,015,361, while the other shareholder,
pemegang saham lainnya, BP Global Investment BP Global Investment Limited, subscribed the
Limited, mengambil sisa saham sebesar remaining amount of Rp4,995,339. The
Rp4.995.339. Para pemegang saham DPR telah shareholders of DPR have made the capital
melakukan setoran modal saham ini pada deposit on December 10, 2021.
tanggal 10 Desember 2021.
Berdasarkan Akta Notaris Yulia, S.H., No. 27 Based on the Notarial Deed of Yulia, S.H.,
tanggal 23 Mei 2022, BBE meningkatkan modal No. 27 dated May 23, 2022, BBE increased its
dasar dari Rp10.000.000 menjadi Rp50.000.000 authorized capital from Rp10,000,000 to
dan meningkatkan modal ditempatkan dan Rp50,000,000 and increased its issued and
disetor dari Rp2.500.000 menjadi Rp15.500.000 paid-up capital from Rp2,500,000 to
dimana Perusahaan mengambil bagian Rp15,500,000 whereby the Company
dari peningkatan modal disetor sebesar subscribed the capital increase of
Rp8.450.000, sedangkan pemegang saham Rp8,450,000, while the other shareholder,
lainnya, BBG mengambil sisa saham sebesar BBG, subscribed the remaining amount of
Rp4.550.000. Perusahaan telah melakukan Rp4,550,000. The Company has made the
Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 037/L-AKR-CS/2022 tanggal 25 Mei 2022 ke No. 037/L-AKR-CS/2022 dated May 25, 2022
OJK dan BEI. to OJK and IDX.
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan Activities of the Company
Pada bulan September 1994, Perusahaan telah In September 1994, the Company completed
melakukan penawaran umum perdana sebanyak the initial public offering of 15,000,000 shares
15.000.000 lembar saham dengan harga at an offering price of Rp4,000 (in full Rupiah)
penawaran sebesar Rp4.000 (dalam Rupiah per share. Further, in the same month, all of
penuh) per saham. Selanjutnya, pada bulan the Company’s shares totaling 65,000,000
yang sama, seluruh saham Perusahaan shares at a par value of Rp1,000
sebanyak 65.000.000 lembar saham dengan (in full Rupiah) per share were listed on
nilai nominal Rp1.000 (dalam Rupiah penuh) per the IDX.
saham telah dicatatkan pada BEI.
Pada tahun 1996, para pemegang saham In 1996, the shareholders approved the stock
menyetujui pemecahan saham (stock split) yang split which resulted in the par value of the
menurunkan nilai nominal saham dari Rp1.000 shares being reduced from Rp1,000 (in full
(dalam Rupiah penuh) menjadi Rp500 (dalam Rupiah) to Rp500 (in full Rupiah) per share,
Rupiah penuh) per saham, dan pembagian and the distribution of 6:10 bonus shares.
saham bonus dengan perbandingan 6:10. As a result of the stock split and distribution of
Pemecahan saham dan pembagian saham bonus shares, the number of outstanding
bonus tersebut meningkatkan jumlah saham shares increased from 65,000,000 to
beredar dari 65.000.000 lembar saham menjadi 208,000,000 shares. In accordance with the
208.000.000 lembar saham. Sesuai dengan Letter No. 217/BEJ-1.2/1996 dated
Surat No. 217/BEJ-1.2/1996 tanggal September 27, 1996 from the IDX, all of the
27 September 1996 dari BEI, seluruh saham Company’s outstanding shares totaling
Perusahaan yang beredar sebanyak 208,000,000 shares at a par value of Rp500
208.000.000 lembar saham dengan nilai nominal (in full Rupiah) per share were listed on the
Rp500 (dalam Rupiah penuh) per saham telah IDX.
dicatatkan pada BEI.
20
Laporan Tahunan 2023
Page 305
The original consolidated financial statements included herein 309
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan (lanjutan) Activities of the Company (company)
Pada tanggal 24 Agustus 2004, Perusahaan On August 24, 2004, the Company submitted
telah mengajukan Pernyataan Pendaftaran the Registration Statement for Limited Public
dalam Rangka Penawaran Umum Terbatas I Offering I (Rights Issue) of 416,000,000
(Rights Issue) atas 416.000.000 lembar saham shares at an offering price of Rp500 (in full
dengan harga penawaran Rp500 (dalam Rupiah Rupiah) per share to the Indonesia Capital
penuh) per lembar saham kepada Badan Market and Financial Institution Supervisory
Pengawas Pasar Modal dan Lembaga Agency (BAPEPAM-LK). The Registration
Keuangan (BAPEPAM-LK). Pernyataan Statement became effective on September 23,
Pendaftaran tersebut telah efektif pada tanggal 2004 after the approval by the shareholders
23 September 2004 setelah disetujui oleh para through their Extraordinary Shareholders'
pemegang saham melalui Rapat Umum Meeting held on the same date. In the offering,
Pemegang Saham Luar Biasa pada tanggal every shareholder holding one share was
yang sama. Dalam penawaran tersebut, setiap entitled to buy two new shares.
pemegang saham yang memiliki satu lembar
saham berhak membeli dua lembar saham yang
ditawarkan.
Efektif tanggal 8 November 2004, seluruh saham Effective on November 8, 2004, all of the
Perusahaan telah dipindahkan pencatatannya Company's shares were transferred from the
dari Papan Pengembangan ke Papan Utama di listing at the Development Board to Primary
BEI berdasarkan Surat dari Bursa Efek Board in the IDX based on the Letter from the
tertanggal 5 November 2004. Stock Exchange dated November 5, 2004.
Pada Rapat Umum Pemegang Saham Luar In the Extraordinary General Shareholders’
Biasa tanggal 31 Mei 2007, para pemegang Meeting, held on May 31, 2007, the
saham menyetujui hal-hal berikut: shareholders approved the following:
Pemecahan saham (stock split) yang Stock split which resulted in
menurunkan nilai nominal saham dari the par value of the shares being
Rp500 (dalam Rupiah penuh) menjadi reduced from Rp500 (in full Rupiah) to
Rp100 (dalam Rupiah penuh) per saham. Rp100 (in full Rupiah) per share.
Pemecahan saham tersebut meningkatkan As a result of the stock split, the
jumlah saham beredar dari 624.000.000 number of outstanding shares
lembar saham menjadi 3.120.000.000 increased from 624,000,000 shares to
lembar saham. Pemecahan saham ini 3,120,000,000 shares. The stock
menjadi efektif pada tanggal 27 Juli split was effective on July 27,
2007 sebagaimana dinyatakan dalam 2007 as noted IDX’s Letter
Surat BEI tanggal 24 Juli 2007 No. PENG-638/BEJ.PSJ/P/07-2007 dated
No. PENG-638/BEJ.PSJ/P/07-2007. July 24, 2007.
Peningkatan modal dasar Perusahaan Increase in the authorized capital from
yang semula Rp416.000.000 menjadi Rp416,000,000 to Rp750,000,000 divided
Rp750.000.000 yang terbagi dalam into 7,500,000,000 shares at par value of
7.500.000.000 lembar saham dengan nilai Rp100 (in full Rupiah) per share.
nominal Rp100 (dalam Rupiah penuh) per
saham.
Peningkatan modal disetor melalui Increase in the subscribed capital through
mekanisme penambahan modal tanpa Hak the mechanism of increase of capital
Memesan Efek Terlebih Dahulu, melalui without rights issue, by granting share
program pemberian opsi saham kepada options to the Board of Directors,
Dewan Direksi, Komisaris selain Komisaris Commissioners other than Independent
Independen, dan karyawan kunci Commissioner and key employees of the
Perusahaan melalui Management Stock Company via Management Stock Option
Option Plan (MSOP) yang pertama kali Plan (MSOP) introduced initially in 2007
diperkenalkan pada tahun 2007 dan selesai and concluded in 2020.
pada tahun 2020.
21
www.akr.co.id
Page 306
310 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan (lanjutan) Activities of the Company (continued)
Pada tanggal 22 Desember 2009, Perusahaan On December 22, 2009, the Company
mengajukan Pernyataan Pendaftaran submitted the Registration Statement for
Penawaran Umum Terbatas II (Rights Issue II) Limited Public Offering II (Rights Issue II) to
kepada BAPEPAM-LK atas 627.658.500 lembar BAPEPAM-LK of 627,658,500 shares at par
saham dengan nilai nominal saham Rp100 value of Rp100 (in full Rupiah) per share with
(dalam Rupiah penuh) per lembar dengan harga offering price of Rp860 per share (in full
penawaran sebesar Rp860 per lembar saham Rupiah). In the offering, every shareholder
(dalam Rupiah penuh). Dalam penawaran holding five shares was entitled to buy one
tersebut, setiap pemegang saham yang memiliki new share. The Company has obtained the
lima lembar saham berhak membeli satu saham notice of effectivity from the Chairman of
yang ditawarkan. Perusahaan telah memperoleh BAPEPAM-LK in his Letter No. S-489/BL/2010
pernyataan efektif dari Ketua BAPEPAM-LK dated January 20, 2010. The notice is
melalui suratnya No. S-489/BL/2010 tertanggal effective after the approval from the
20 Januari 2010. Pernyataan tersebut shareholders through their Extraordinary
dinyatakan efektif setelah persetujuan dari para General Meeting held on January 21, 2010.
pemegang saham melalui Rapat Umum These shares have been listed on the IDX
Pemegang Saham Luar Biasa pada tanggal since February 2010.
21 Januari 2010. Saham tersebut telah
didaftarkan di BEI sejak bulan Februari 2010.
Penerimaan neto dari Rights Issue II terhadap The net proceeds from the Rights Issue II,
biaya-biaya sehubungan dengan pengeluaran after netting off with related share issuance
saham, sebesar Rp531.529.220 digunakan costs, amounting to Rp531,529,220 were
untuk pembangunan tambahan fasilitas terminal used for the construction of additional tank
tangki dan dermaga di berbagai lokasi dan untuk terminal facilities and jetty in various locations
keperluan modal kerja umum sehubungan and general working capital requirements in
dengan peningkatan kebutuhan persediaan relation to the increase of the Company’s
Perusahaan sejalan dengan peningkatan inventories in line with the increase of
kegiatan operasional sesuai dengan Prospektus operational activities in accordance with the
yang diterbitkan pada saat Rights Issue. Prospectus issued during the Rights Issue.
Pada tanggal 20 Desember 2021, para On December 20, 2021, the shareholders
pemegang saham menyetujui pemecahan approved the stock split which resulted in the
saham (stock split) yang menurunkan nilai par value of the shares being reduced from
nominal saham dari Rp100 (dalam Rupiah Rp100 (in full Rupiah) to Rp20 (in full Rupiah)
penuh) menjadi Rp20 (dalam Rupiah penuh) per per share. As a result of the stock split, the
saham. Pemecahan saham tersebut authorized share capital increased from initial
meningkatkan jumlah saham dasar semula dari 7,500,000,000 shares to 37,500,000,000
7.500.000.000 saham menjadi 37.500.000.000 shares and issued and fully paid shares
saham dan jumlah saham ditempatkan dan increased from 4,014,694,920 shares to
disetor penuh dari semula 4.014.694.920 saham 20,073,474,600 shares. In accordance with
menjadi 20.073.474.600 saham. Sesuai dengan the Letter No. S-10033/BEI.PP2/12-2021
Surat No. S-10033/BEI.PP2/12-2021 tanggal dated December 28, 2021 from the IDX,
28 Desember 2021 dari BEI, terhitung mulai effective on January 12, 2022, all of the
tanggal 12 Januari 2022, seluruh saham Company’s outstanding shares totaling
Perusahaan yang beredar sebanyak 20,073,474,600 shares at a par value of Rp20
20.073.474.600 lembar saham dengan nilai (in full Rupiah) per share were listed on the
nominal Rp20 (dalam Rupiah penuh) per saham IDX.
telah dicatatkan pada BEI.
d. Tanggal Penyelesaian Laporan Keuangan d. Completion Date of the Consolidated
Konsolidasian Financial Statements
Manajemen Perusahaan bertanggung jawab The management of the Company is
atas penyusunan laporan keuangan responsible for the preparation of the
konsolidasian yang diotorisasi untuk diterbitkan consolidated financial statements which were
pada tanggal 20 Maret 2024. authorized for issue on March 20, 2024.
22
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Page 307
The original consolidated financial statements included herein 311
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
a. Dasar Penyajian Laporan Keuangan a. Basis of Presentation of the Consolidated
Konsolidasian Financial Statements
Laporan keuangan konsolidasian telah disusun The consolidated financial statements have
sesuai dengan Standar Akuntansi Keuangan di been prepared in accordance with Indonesian
Indonesia (“SAK”), yang mencakup Pernyataan Financial Accounting Standards (“SAK”),
dan Interpretasi yang dikeluarkan oleh Dewan which comprise the Statements and
Standar Akuntansi Keuangan Ikatan Akuntan Interpretations issued by the Financial
Indonesia (DSAK IAI) dan Peraturan-Peraturan Accounting Standards Board of the Institute of
serta Pedoman Penyajian dan Pengungkapan Indonesia Chartered Accountants (Dewan
Laporan Keuangan yang diterbitkan oleh Standar Akuntansi Keuangan Ikatan Akuntan
Otoritas Jasa Keuangan (“OJK”) Indonesia or DSAK IAI) and the Regulations
and Guidelines on Financial Statement
Presentation and Disclosures issued by
Financial Services Authority (Otoritas Jasa
Keuangan” or “ OJK”)
Dasar penyusunan laporan keuangan The consolidated financial statements, except
konsolidasian, kecuali untuk laporan arus kas for the consolidated statements of cash flows,
konsolidasian, adalah dasar akrual. Laporan are prepared under the accrual basis of
keuangan konsolidasian tersebut disusun accounting. The measurement basis used is
berdasarkan biaya historis, kecuali beberapa the historical cost, except for certain accounts
akun tertentu disusun berdasarkan pengukuran which are measured on the bases described in
lain sebagaimana diuraikan dalam kebijakan the related accounting policies.
akuntansi masing-masing akun tersebut.
Laporan arus kas konsolidasian disusun The consolidated statements of cash flows
dengan menggunakan metode langsung dengan are prepared using the direct method with
mengelompokkan arus kas dalam aktivitas classifications of cash flows into operating,
operasi, investasi dan pendanaan. investing and financing activities.
Kebijakan akuntansi yang diterapkan oleh The accounting policies adopted by the Group
Kelompok Usaha adalah selaras bagi tahun yang are consistently applied for the years covered
dicakup oleh laporan keuangan konsolidasian, by the consolidated financial statements,
kecuali untuk standar akuntansi baru dan revisi except for new and revised accounting
seperti diungkapkan pada Catatan 2y dibawah standards as disclosed in the following Note
ini. 2y.
Kelompok Usaha telah menyusun laporan The Group has prepared the consolidated
keuangan konsolidasian dengan dasar bahwa financial statements on the basis that it will
Kelompok Usaha akan terus beroperasi secara continue to operate as a going concern.
berkesinambungan.
b. Prinsip-prinsip Konsolidasian b. Principles of Consolidation
Laporan keuangan konsolidasian meliputi The consolidated financial statements
laporan keuangan Perusahaan dan entitas- comprise the financial statements of the
entitas anak. Kendali diperoleh bila Kelompok Company and its subsidiaries. Control is
Usaha terekspos atau memiliki hak atas imbal achieved when the Group is exposed, or has
hasil variabel dari keterlibatannya dengan rights, to variable returns from its involvement
investee dan memiliki kemampuan untuk with the investee and has the ability to affect
mempengaruhi imbal hasil tersebut melalui those returns through its power over the
kekuasaannya atas investee. Dengan investee. Thus, the Group controls an
demikian, investor mengendalikan investee jika investee if and only if the Group has all of the
dan hanya jika investor memiliki seluruh hal following:
berikut ini:
23
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Page 308
312 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasian (lanjutan) b. Principles of Consolidation (continued)
i) Kekuasaan atas investee, yaitu hak yang ada i) Power over the investee, that is existing
saat ini yang memberi investor kemampuan rights that give the Group current ability to
kini untuk mengarahkan aktivitas relevan dari direct the relevant activities of the investee,
investee,
ii) Eksposur atau hak atas imbal hasil variabel ii) Exposure, or rights, to variable returns from
dari keterlibatannya dengan investee, dan its involvement with the investee, and
iii) Kemampuan untuk menggunakan iii) The ability to use its power over the investee
kekuasaannya atas investee untuk to affect its returns.
mempengaruhi jumlah imbal hasil.
Bila Kelompok Usaha tidak memiliki hak suara When the Group has less than a majority of the
atau hak serupa secara mayoritas atas suatu voting or similar rights of an investee, the Group
investee, Kelompok Usaha mempertimbangkan considers all relevant facts and circumstances in
semua fakta dan keadaan yang relevan dalam assessing whether it has power over an
mengevaluasi apakah mereka memiliki kekuasaan investee, including:
atas investee, termasuk:
i) Pengaturan kontraktual dengan pemilik hak i) The contractual arrangement with the other
suara lainnya dari investee, vote holders of the investee,
ii) Hak yang timbul atas pengaturan kontraktual ii) Rights arising from other contractual
lain, dan arrangements, and
iii) Hak suara dan hak suara potensial yang iii) The Group's voting rights and potential
dimiliki Kelompok Usaha. voting rights.
Kelompok Usaha menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan investee bila fakta dan keadaan controls an investee if facts and circumstances
mengindikasikan adanya perubahan terhadap indicate that there are changes to one or more
satu atau lebih dari ketiga elemen dari of the three elements of control. Consolidation
pengendalian. Konsolidasi atas entitas-entitas of a subsidiaries begins when the Group obtains
anak dimulai sejak Kelompok Usaha memperoleh control over the subsidiary and ceases when the
pengendalian atas entitas anak dan berakhir pada Group loses control of the subsidiary. Assets,
saat Kelompok Usaha kehilangan pengendalian liabilities, income and expenses of a subsidiary
atas entitas anak. Aset, liabilitas, penghasilan dan acquired during the year are included in the
beban dari entitas anak yang diakuisisi pada tahun consolidated financial statements from the date
tertentu disertakan dalam laporan keuangan the Group gains control until the date the Group
konsolidasian sejak tanggal Kelompok Usaha ceases to control the subsidiary.
memperoleh kendali sampai tanggal Kelompok
Usaha tidak lagi mengendalikan entitas anak
tersebut.
Seluruh laba rugi dan setiap komponen Profit or loss and each component of other
penghasilan komprehensif lain (“PKL”) comprehensive income (“OCI”) are attributed to
diatribusikan pada pemilik entitas induk dan pada the equity holders of the parent of the Group and
kepentingan nonpengendali (“KNP”), walaupun hal to the non-controlling interests (“NCI”), even if
ini akan menyebabkan saldo KNP yang defisit. Bila this results in the NCI having a deficit balance.
dipandang perlu, penyesuaian dilakukan terhadap When necessary, adjustments are made to the
laporan keuangan entitas anak untuk diselaraskan financial statements of subsidiaries to bring their
dengan kebijakan akuntansi Kelompok Usaha. accounting policies into line with the Group’s
accounting policies.
Seluruh aset dan liabilitas, ekuitas, penghasilan All intra-group assets and liabilities, equity,
dan beban dan arus kas atas transaksi antar income, expenses and cash flows relation to
anggota Kelompok Usaha dieliminasi sepenuhnya transactions between members of the Group are
pada saat konsolidasi. eliminated in full on consolidation.
24
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The original consolidated financial statements included herein 313
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasian (lanjutan) b. Principles of Consolidation (continued)
Perubahan dalam bagian kepemilikan entitas A change in the parent’s ownership interest in
induk pada entitas anak yang tidak mengakibatkan a subsidiary, without a loss of control, is
hilangnya pengendalian, dicatat sebagai transaksi accounted for as an equity transaction. If the
ekuitas. Bila kehilangan pengendalian atas suatu Group loses control over a subsidiary, it
entitas anak, maka Kelompok Usaha derecognizes the related assets (including
menghentikan pengakuan atas aset (termasuk goodwill), liabilities, NCI, and other
goodwill), liabilitas dan komponen lain dari ekuitas components of equity, while the difference is
terkait, dan selisihnya diakui pada laba rugi. recognized in the profit or loss. Any investment
Bagian dari investasi yang tersisa diakui pada nilai retained is recognized at fair value.
wajar.
c. Transaksi dan Penjabaran Laporan Keuangan c. Foreign Currency Transactions and
dalam Mata Uang Asing Translation
Mata uang pelaporan yang digunakan pada The reporting currency used in the
laporan keuangan konsolidasian adalah Rupiah, consolidated financial statements is
yang juga merupakan mata uang fungsional Indonesian Rupiah, which is also each entity’s
setiap entitas dalam Kelompok Usaha, kecuali in the Group functional currency, except for
entitas anak tertentu, yaitu PT Jakarta Tank certain subsidiaries, namely PT Jakarta Tank
Terminal (“JTT”) yang memiliki mata uang Terminal (“JTT”) whose functional currency is
fungsional Dolar Amerika Serikat (“Dolar AS”). United States Dollar (“US Dollar”). Each entity
Tiap entitas dalam Kelompok Usaha menentukan in the Group determines its own functional
mata uang fungsionalnya masing-masing dan currency and their financial statements are
laporan keuangannya masing-masing diukur measured using that functional currency.
menggunakan mata uang fungsional tersebut.
Transaksi dalam mata uang asing dicatat dalam Transactions involving foreign currencies are
Rupiah berdasarkan kurs yang berlaku pada saat recorded in Indonesian Rupiah at the rates of
transaksi dilakukan. Pada tanggal pelaporan, exchange prevailing at the time the
aset dan liabilitas moneter dalam mata uang transactions are made. At the reporting date,
asing dijabarkan sesuai dengan rata-rata kurs jual monetary assets and liabilities denominated in
dan beli yang diterbitkan oleh Bank Indonesia foreign currencies are adjusted to reflect the
pada tanggal transaksi perbankan terakhir untuk average of the selling and buying rates of
periode yang bersangkutan, dan laba atau rugi exchange prevailing at the last banking
kurs yang timbul, dikreditkan atau dibebankan transaction date of the period, as published by
pada operasi periode yang bersangkutan. Bank Indonesia, and any resulting gains or
losses are credited or charged to operations of
the current period.
Pada tanggal 31 Desember 2023, nilai tukar yang At December 31, 2023, the rate of exchange
digunakan untuk 1 Dolar Amerika Serikat (“US$”), used for United States Dollar (“US$”), refer to
mengacu pada Jakarta Interbank Spot Dollar Jakarta Interbank Spot Dollar Rate (JISDOR),
Rate (JISDOR) 1 US$ adalah sebesar Rp 15.416 1 US$ was Rp 15,416 (2022: Rp 15,731).
(2022: Rp 15.731).
Transaksi dalam mata uang asing selain Transactions in foreign currencies other than
Dolar AS adalah tidak signifikan. US Dollar are not significant.
25
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Page 310
314 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Transaksi dan Penjabaran Laporan Keuangan c. Foreign Currency Transactions and
dalam Mata Uang Asing (lanjutan) Translation (continued)
Untuk tujuan penyajian laporan keuangan For consolidation purposes, the accounts of
konsolidasian, akun-akun Entitas Anak tersebut those Subsidiaries are translated into Rupiah
dijabarkan ke dalam Rupiah dengan using the following mechanism:
menggunakan mekanisme berikut:
aset dan liabilitas dijabarkan dengan assets and liabilities are translated using
menggunakan kurs pada tanggal pelaporan exchange rate at reporting date
pendapatan dan beban dijabarkan dengan revenues and expenses are translated at
menggunakan kurs rata-rata periode the average rates of exchange for the
berjalan; period;
akun ekuitas dijabarkan dengan equity accounts are translated at
menggunakan kurs historis; dan historical rates; and
selisih kurs yang terjadi disajikan pada akun any resulting foreign exchange is
“Selisih Kurs karena Penjabaran Laporan presented as “Exchange Difference Due
Keuangan” di ekuitas. to Translation of Financial Statements” in
the equity.
d. Transaksi Pihak Berelasi d. Transactions with Related Parties
Kelompok Usaha memiliki transaksi dengan The Group has transactions with related
pihak berelasi sebagaimana yang didefinisikan parties as defined under PSAK 7, “Related
dalam PSAK 7, “Pengungkapan Pihak-pihak Party Disclosures”.
Berelasi”.
Transaksi ini dilakukan berdasarkan persyaratan The transactions are made based on terms
yang disetujui oleh kedua belah pihak, yang agreed by the parties, which may not be the
mungkin tidak sama dengan transaksi lain yang same as those made with unrelated parties.
dilakukan dengan pihak-pihak yang tidak
berelasi.
Transaksi yang signifikan dengan pihak-pihak Significant transactions with related parties
berelasi telah diungkapkan dalam Catatan 32. are disclosed in the Note 32.
Kecuali diungkapkan khusus sebagai pihak Unless specifically identified as related
berelasi, maka pihak-pihak lain yang disebutkan parties, the parties disclosed in the Notes to
dalam Catatan atas laporan keuangan the consolidated financial statements are
konsolidasian merupakan pihak tidak berelasi. unrelated parties.
e. Kas dan Setara Kas e. Cash and Cash Equivalents
Kas dan setara kas dalam laporan posisi Cash and cash equivalents in the statement of
keuangan konsolidasian terdiri dari kas, bank consolidated financial position comprise cash
dan deposito jangka pendek dengan jangka on hand and in banks and short-term deposits
waktu jatuh tempo antara 3 (tiga) bulan atau with an original maturity of 3 (three) months or
kurang pada saat penempatan dan tidak dibatasi less at the time of placements and not
penggunaannya, yang dapat segera restricted to use, that are readily convertible to
dikonversikan menjadi kas dalam jumlah yang a known amount of cash and which are subject
dapat ditentukan dan mana yang memiliki risiko to an insignificant risk of changes in value.
tidak signifikan dari perubahan nilai.
26
Laporan Tahunan 2023
Page 311
The original consolidated financial statements included herein 315
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
f. Persediaan f. Inventories
Persediaan dinyatakan sebesar nilai terendah Inventories are stated at the lower of cost or
antara biaya perolehan atau nilai realisasi neto. net realizable value. Cost is determined using
Biaya perolehan ditentukan dengan metode first- first-in first-out (FIFO) method, except for
in first-out (FIFO), kecuali untuk persediaan certain chemical product inventory which uses
produk kimia tertentu yang menggunakan the weighted-average method. Allowance for
metode rata-rata tertimbang (weighted-average inventory obsolescence and decline in the
method). Penyisihan atas persediaan usang dan value of inventories, if any, is provided to
penurunan nilai persediaan, jika ada, dibentuk reduce the carrying value of inventories to their
untuk mengurangi nilai tercatat persediaan net realizable value.
menjadi nilai realisasi neto.
Nilai realisasi neto adalah estimasi nilai jual Net realizable value is the estimated selling
dalam transaksi usaha normal dikurangi dengan price in the ordinary course of business, less
estimasi biaya untuk penyelesaian dan biaya estimated costs of completion and costs
untuk menjual produk yang bersangkutan. necessary to make the sale.
Nilai persediaan terdiri dari seluruh nilai Cost of inventories comprises purchase costs
pembelian dan biaya terkait untuk memproses and the related processing costs incurred in
sampai dengan persediaan berada dalam bringing the inventories to their present
kondisi dan tempat yang siap digunakan atau location and condition.
dijual.
g. Biaya Dibayar di Muka g. Prepaid Expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortized over their
manfaat masing-masing biaya dengan beneficial periods using the straight-line
menggunakan metode garis lurus. method.
h. Investasi pada Entitas Asosiasi h. Investments in Associates
Entitas asosiasi adalah entitas yang terhadapnya An associate is an entity over which the Group
Kelompok Usaha memiliki pengaruh signifikan. has significant influence. Significant influence
Pengaruh signifikan adalah kekuasaan untuk is the power to participate in the financial and
berpartisipasi dalam keputusan kebijakan policy decisions of the investee, but is not
keuangan dan operasional investee, tetapi tidak control or joint control over those policies.
mengendalikan atau mengendalikan bersama
atas kebijakan tersebut.
Pertimbangan yang dibuat dalam menentukan The considerations made in determining
pengaruh signifikan adalah serupa dengan hal- significant influence are similar to those
hal yang diperlukan dalam menentukan kendali necessary to determine control over
atas entitas anak. subsidiaries.
Investasi Kelompok Usaha pada entitas asosiasi The Group’s investment in its associate is
dicatat dengan menggunakan metode ekuitas. accounted for using the equity method. Under
Dalam metode ekuitas, investasi awalnya diakui the equity method, the investment in an
pada harga perolehan. Nilai tercatat investasi associate is initially recognized at cost. The
disesuaikan untuk mengakui perubahan bagian carrying amount of the investment is adjusted
Kelompok Usaha atas aset neto entitas asosiasi to recognize changes in the Group’s share of
sejak tanggal perolehan. net assets of the associate since the
acquisition date.
27
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Page 312
316 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
h. Investasi pada Entitas Asosiasi (lanjutan) h. Investments in Associates (continued)
Laporan laba rugi dan penghasilan komprehensif The consolidated statements of profit or loss
lain konsolidasian mencerminkan bagian and other comprehensive income reflect the
Kelompok Usaha atas hasil operasi dari entitas Group’s share of the results of operations of
asosiasi. Bila terdapat perubahan yang diakui the associates. Where there has been a
langsung pada ekuitas dari entitas asosiasi, change recognized directly in the equity of the
Kelompok Usaha mengakui bagiannya atas associates, the Group recognizes its share of
perubahan tersebut dan mengungkapkan hal ini, any such changes and discloses this, when
jika relevan dalam laporan perubahan ekuitas. applicable, in the statement of changes in
Laba atau rugi yang belum direalisasi sebagai equity. Unrealized gains and losses resulting
hasil dari transaksi-transaksi antara Kelompok from transactions between the Group and the
Usaha dengan entitas asosiasi dieliminasi pada associate are eliminated to the extent of the
jumlah sesuai dengan kepentingan Kelompok Group’s interest in those associates.
Usaha dalam entitas asosiasi.
Gabungan bagian Kelompok Usaha atas laba The aggregate of the Group’s share of profit or
rugi entitas asosiasi disajikan pada muka laporan loss of an associate is shown on the face of
laba rugi dan penghasilan komprehensif lain the consolidated statement of profit or loss
konsolidasian (sebagai laba atau rugi) di luar and other comprehensive income (as profit or
laba usaha dan mencerminkan laba atau rugi loss) outside operating profit and represents
setelah pajak dan kepentingan nonpengendali profit or loss after tax and NCI in the
pada entitas anak dari entitas asosiasi. subsidiaries of the associate.
Laporan keuangan entitas asosiasi disusun atas The financial statements of the associates are
periode pelaporan yang sama dengan Kelompok prepared for the same reporting period as the
Usaha. Group.
Kelompok Usaha menentukan apakah The Group determines whether it is necessary
diperlukan untuk mengakui tambahan rugi to recognize an additional impairment loss on
penurunan nilai atas investasi Kelompok Usaha the Group’s investments in its associates. The
dalam entitas asosiasi. Kelompok Usaha Group determines at each reporting date
menentukan pada setiap tanggal pelaporan whether there is any objective evidence that
apakah terdapat bukti yang obyektif yang the investments in the associates are
mengindikasikan bahwa investasi dalam entitas impaired. If this is the case, the Group
asosiasi mengalami penurunan nilai. Dalam hal calculates the amount of impairment as the
ini, Kelompok Usaha menghitung jumlah difference between the recoverable amounts
penurunan nilai berdasarkan selisih antara of the investments in associates and their
jumlah terpulihkan atas investasi dalam entitas carrying values and recognizes the amount in
asosiasi dan nilai tercatatnya dan mengakuinya profit or loss.
dalam laba rugi.
Pada saat kehilangan pengaruh signifikan atas Upon loss of significant influence over the
entitas asosiasi, Kelompok Usaha mengukur dan associate, the Group measures and
mengakui bagian investasi tersisa pada nilai recognizes any retained investment at its fair
wajar. Selisih antara nilai tercatat entitas asosiasi value. Any difference between the carrying
dan nilai wajar investasi yang tersisa dan amount of the associate and the fair value of
penerimaan dari pelepasan investasi diakui pada the retained investment and proceeds from
laba rugi. disposal is recognized in profit or loss.
28
Laporan Tahunan 2023
Page 313
The original consolidated financial statements included herein 317
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap i. Property, Plant and Equipment
Aset tetap dinyatakan sebesar biaya perolehan Property, plant and equipment are stated at
dikurangi akumulasi penyusutan dan rugi cost less accumulated depreciation and
penurunan nilai. Biaya perolehan termasuk biaya impairment losses. Such costs include the
penggantian bagian aset tetap saat biaya cost of replacing part of the property, plant and
tersebut terjadi, jika memenuhi kriteria equipment when that cost is incurred, if the
pengakuan. Selanjutnya, pada saat inspeksi recognition criteria are met. Likewise, when
yang signifikan dilakukan, biaya inspeksi itu a major inspection is performed, its cost is
diakui ke dalam jumlah tercatat (“carrying recognized in the carrying amount of the
amount”) aset tetap sebagai suatu penggantian property, plant and equipment as
jika memenuhi kriteria pengakuan. Semua biaya a replacement if the recognition criteria are
perbaikan dan pemeliharaan yang tidak satisfied. All other repairs and maintenance
memenuhi kriteria pengakuan diakui dalam laba costs that do not meet the recognition criteria
rugi pada saat terjadinya. are recognized in profit or loss as incurred.
Setelah pengakuan awal, aset ini dinyatakan Subsequent to initial recognition, these assets
pada biaya perolehan dikurangi akumulasi are carried at cost less any subsequent
penyusutan dan kerugian penurunan nilai. accumulated depreciation and impairment
losses.
Penyusutan dihitung dengan menggunakan Depreciation is computed using the straight-
metode garis lurus berdasarkan taksiran masa line method based on the estimated useful
manfaat ekonomis aset tetap sebagai berikut: lives of the property, plant and equipment as
follows:
Tahun/ Persentase/
Years Percentage
Buildings, jetty,
Bangunan, dermaga, gudang dan warehouses and
tangki penyimpanan 5-24 4,2%-20,0% storage tanks
Mesin dan peralatan 3-20 5,0%-33,3% Machinery and equipment
Peralatan gudang dan peralatan Warehouse and port
pembongkaran di pelabuhan 5-20 5,0%-20,0% handling equipment
Kendaraan 2-10 10,0%-50,0% Motor vehicles
Pengembangan gedung yang Leasehold and building
disewa dan renovasi gedung 5-20 5,0%-20,0% improvements
Peralatan kantor 3-10 10,0%-33,3% Office equipment
Kapal 20-30 3,3%-5,0% Vessels
Beban pemeliharaan dan perbaikan Repairs and maintenance expenses are taken
dibebankan pada laba rugi pada saat terjadinya. to the profit or loss when they are incurred.
Beban pemugaran dan penambahan dalam The cost of major renovation and restoration is
jumlah besar dikapitalisasi kepada jumlah included in the carrying amount of the related
tercatat aset terkait bila besar kemungkinan asset when it is probable that future economic
bagi Kelompok Usaha manfaat ekonomi masa benefits in excess of the originally assessed
depan menjadi lebih besar dari standar kinerja standard of performance of the existing asset
awal yang ditetapkan sebelumnya dan will flow to the Group and is depreciated over
disusutkan sepanjang sisa masa manfaat aset the remaining useful life of the related asset.
terkait.
29
www.akr.co.id
Page 314
318 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Tanah termasuk biaya pengurusan legal hak Land, including legal cost of land rights in the
atas tanah dalam bentuk Hak Guna Usaha form of Right to Cultivate (“Hak Guna Usaha”
(“HGU”), Hak Guna Bangunan (“HGB”) dan Hak or “HGU”), Right to Build (“Hak Guna
Pakai (“HP”) ketika tanah diperoleh pertama kali Bangunan” or “HGB”) and Right to Use
dinyatakan sebesar biaya perolehan dan tidak (“Hak Pakai” or “HP”) when the land rights
diamortisasi karena manajemen berpendapat were acquired initially, is stated at cost and not
bahwa kemungkinan besar hak atas tanah amortized as the management is of the opinion
tersebut dapat diperbaharui/diperpanjang pada that it is probable the titles of land rights can
saat masa berlakunya selesai. be renewed/extended upon expiration.
Biaya pengurusan atas perpanjangan atau The extension or the legal renewal costs of
pembaruan legal hak atas tanah dalam bentuk land rights in the form of HGU, HGB and HP
HGU, HGB dan HP ditangguhkan dan are deferred and amortized over the shorter
diamortisasi yang lebih pendek antara umur between the land rights' legal life and the
hukum hak atas tanah dan umur ekonomi tanah, economic life of the land, and presented as
dan disajikan sebagai bagian dari akun “Aset part of “Other Non-current Assets” account
Tidak Lancar Lainnya” pada laporan posisi in the consolidated statement of financial
keuangan konsolidasian. position.
Bila nilai tercatat suatu aset melebihi taksiran When the carrying amount of an asset
jumlah yang dapat diperoleh kembali (estimated exceeds its estimated recoverable amount,
recoverable amount) maka nilai tersebut the asset is written down to its estimated
diturunkan ke jumlah yang dapat diperoleh recoverable amount, which is determined as
kembali tersebut, yang ditentukan sebagai nilai the higher of net selling price or value in use
tertinggi antara harga jual neto atau nilai pakai (Note 2u).
(Catatan 2u).
Jumlah tercatat aset tetap dihentikan An item of property, plant and equipment is
pengakuannya pada saat dilepaskan atau saat derecognized upon disposal or when no future
tidak ada manfaat ekonomis masa depan yang economic benefits are expected from its use or
diharapkan dari penggunaan atau disposal. Any gain or loss arising on
pelepasannya. Laba atau rugi yang timbul dari derecognition of the asset (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net disposal proceeds
perbedaan antara jumlah neto hasil pelepasan and the carrying amount of the asset) is
dan jumlah tercatat dari aset) dimasukkan dalam included in profit or loss in the year the asset
laba rugi pada tahun aset tersebut dihentikan is derecognized.
pengakuannya.
Pada setiap akhir tahun buku, nilai residu, umur The assets’ residual values, useful lives and
manfaat dan metode penyusutan di-reviu, dan methods of depreciation are reviewed, and
jika sesuai dengan keadaan, disesuaikan secara adjusted prospectively if appropriate, at each
prospektif. financial year end.
Aset tetap dalam penyelesaian dicatat sebesar Constructions in-progress are stated at cost,
biaya perolehan, yang mencakup kapitalisasi including capitalized borrowing costs and
beban pinjaman dan biaya-biaya lainnya yang other charges incurred in connection with the
terjadi sehubungan dengan pendanaan aset financing of the said asset constructions. The
tetap dalam penyelesaian tersebut. Akumulasi accumulated costs will be reclassified to the
biaya perolehan akan direklasifikasi ke akun appropriate “Fixed Assets” account when the
“Aset Tetap” yang bersangkutan pada saat aset construction is completed. Assets under
tetap tersebut telah selesai dikerjakan dan siap construction are not depreciated until they
untuk digunakan. Aset tetap dalam penyelesaian fulfill criteria for recognition as fixed assets as
tidak disusutkan sampai memenuhi syarat disclosed above.
pengakuan sebagai aset tetap seperti
diungkapkan di atas.
30
Laporan Tahunan 2023
Page 315
The original consolidated financial statements included herein 319
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Kapitalisasi Biaya Pinjaman Capitalization of Borrowing Costs
Biaya pinjaman terdiri dari beban bunga dan Borrowing costs consist of interest expenses
biaya lain yang ditanggung Kelompok Usaha and other financing charges that the Group
sehubungan dengan peminjaman dana. Biaya incurs in connection with the borrowing funds.
pinjaman yang dapat diatribusikan langsung Borrowing costs that are directly attributable to
dengan perolehan, pembangunan atau the acquisition, construction or production of
pembuatan aset kualifikasian dikapitalisasi a qualifying asset are capitalized as part of the
sebagai bagian biaya perolehan aset tersebut. cost of the related asset. All other borrowing
Biaya pinjaman lainnya diakui sebagai beban costs are recognized as expenses when
pada saat terjadi Kelompok Usaha. incurred.
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 terjadi. the borrowing costs have been incurred.
Kapitalisasi biaya pinjaman dihentikan pada saat Capitalization of borrowing costs ceases when
selesainya secara substansi seluruh aktivitas substantially all the activities necessary to
yang diperlukan untuk mempersiapkan aset prepare the qualifying assets are completed
kualifikasian agar dapat digunakan sesuai for their intended use.
dengan maksudnya.
j. Sewa j. Leases
Kelompok Usaha menerapkan PSAK 73, The Group applied PSAK 73, “Lease”.
“Sewa”.
Pada tanggal permulaan kontrak, Kelompok At the inception of a contract, the Group
Usaha menilai apakah kontrak merupakan, atau assesses whether the contract is, or contains,
mengandung, sewa. Suatu kontrak merupakan a lease. A contract is or contains a lease if the
atau mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified assets for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration.
jangka waktu untuk dipertukarkan dengan
imbalan.
Kelompok Usaha sebagai Penyewa The Group as Lessee
Kelompok Usaha menerapkan pendekatan The Group applies a single recognition and
pengakuan dan pengukuran tunggal untuk measurement approach for all leases, except
semua sewa, kecuali untuk sewa jangka pendek for short-term leases and leases of low-value
dan sewa aset bernilai rendah. Kelompok Usaha assets. The Group recognizes lease liabilities
mengakui liabilitas sewa untuk melakukan to make lease payments and right-of-use
pembayaran sewa dan asset hak-guna yang assets representing the right to use the
mewakili hak untuk menggunakan aset underlying assets.
pendasar.
31
www.akr.co.id
Page 316
320 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Aset hak-guna Right-of-use assets
Pada tanggal permulaan sewa, Kelompok Usaha The Group recognizes a right-of-use asset and
mengakui aset hak-guna dan liabilitas sewa. a lease liability at the lease commencement
Aset hak-guna diukur pada biaya perolehan, date. The right-of-use asset is initially
dimana meliputi jumlah pengukuran awal measured at cost, which comprises the initial
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 any initial direct
biaya langsung awal yang dikeluarkan dan cost incurred and an estimate of costs to
estimasi biaya yang akan dikeluarkan untuk dismantle and remove the underlying asset or
membongkar dan memindahkan aset pendasar to restore the underlying asset to the condition
atau untuk merestorasi aset pendasar sesuai required by the terms and conditions of the
kondisi yang disyaratkan dan ketentuan sewa, 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
permulaan hingga tanggal yang lebih awal from the commencement date to the earlier of
antara akhir umur manfaat aset hak-guna atau the end of the useful life of the right-of-use
akhir masa sewa. asset or the end of the lease term.
Tahun/
Years
Tanah 5-30 Land
Bangunan dan tangki 2-5 Building and tanks
Jika sewa mengalihkan kepemilikan aset If the lease transfers the ownership of the
pendasar kepada Kelompok Usaha pada akhir underlying asset to the Group by the end of the
masa sewa atau jika biaya perolehan aset hak- lease term or if the cost of the right-of-use
guna merefleksikan Kelompok Usaha akan asset reflects that the Group will exercise
mengeksekusi opsi beli, maka Kelompok Usaha a purchase option, the Group depreciates the
menyusutkan aset hak-guna dari tanggal right-of-use asset from the commencement
permulaan hingga akhir umur manfaat aset date to the end of the useful life of the
pendasar. Jika tidak, maka Kelompok Usaha underlying asset. Otherwise, the Group
menyusutkan aset hak-guna dari tanggal depreciates the right-of-use asset from the
permulaan hingga tanggal yang lebih awal commencement date to the earlier of the end
antara akhir umur manfaat aset hak-guna atau of the useful life of the right-of-use asset or the
akhir masa sewa. Aset hak-guna juga dievaluasi end of the lease term. The right-of-use assets
untuk penurunan nilai (Note 2t). are also assessed for impairment (Note 2t).
32
Laporan Tahunan 2023
Page 317
The original consolidated financial statements included herein 321
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Liabilitas sewa Lease liabilities
Pada tanggal permulaan sewa, Kelompok Usaha At the commencement date of the lease, the
mengakui liabilitas sewa yang diukur pada nilai Group recognizes lease liabilities measured at
kini pembayaran sewa yang harus dilakukan the present value of lease payments to be
selama masa sewa. made over the lease term.
Pembayaran sewa juga mencakup harga The lease payments also include the exercise
pelaksanaan dari opsi beli yang secara wajar price of a purchase option reasonably certain
pasti dilaksanakan oleh Kelompok Usaha dan to be exercised by the Group and payments of
pembayaran pinalti untuk mengakhiri sewa, jika penalties for terminating the lease, if the lease
masa sewa merefleksikan adanya opsi dapat term reflects exercising the option to
mengakhiri sewa. Pembayaran sewa variabel terminate. Variable lease payments that do not
yang tidak bergantung pada indeks atau tarif depend on an index or a rate are recognized
diakui sebagai beban pada periode terjadinya as expenses in the period in which the event
peristiwa atau kondisi yang memicu terjadinya or condition that triggers the payment occurs.
pembayaran tersebut.
Dalam menghitung nilai kini pembayaran sewa, In calculating the present value of lease
Kelompok Usaha menggunakan Suku Bunga payments, the Group uses its Incremental
Pinjaman Inkremental (“SBPI”) pada tanggal Borrowing Rate (“IBR”) at the lease
permulaan sewa karena suku bunga implisit commencement date because the interest rate
dalam sewa tidak dapat langsung ditentukan. implicit in the lease is not readily determinable.
Setelah tanggal permulaan, jumlah kewajiban After the commencement date, the amount of
sewa ditingkatkan untuk mencerminkan akresi lease liabilities is increased to reflect the
bunga (atas efek diskonto) dan dikurangi untuk accretion of interest and reduced for the lease
pembayaran sewa yang dilakukan. Selain itu, payments made. In addition, the carrying
nilai tercatat liabilitas sewa diukur kembali jika amount of lease liabilities is remeasured if
terdapat modifikasi, perubahan masa sewa, there is a modification, a change in the lease
perubahan pembayaran sewa, atau perubahan term, a change in the lease payments or a
penilaian atas opsi untuk membeli aset change in the assessment of an option to
pendasar. purchase the underlying asset.
Sewa jangka-pendek dan sewa dengan aset Short-term leases and leases of low-value
bernilai rendah assets
Kelompok Usaha menerapkan pengecualian The Group applies the short-term lease
pengakuan sewa jangka pendek yang memiliki recognition exemption to its leases that have a
jangka waktu sewa 12 bulan atau kurang, dari lease term of 12 months or less from the
tanggal permulaan dan tidak mengandung opsi commencement date and do not contain a
beli. Kelompok Usaha juga menerapkan purchase option. The Group also applies the
pengecualian pengakuan sewa dengan aset lease of low-value assets recognition
bernilai rendah untuk sewa yang aset exemption to leases that are considered to be
pendasarnya dianggap bernilai rendah. low value. The Group recognizes the leases
Kelompok Usaha mengakui pembayaran sewa payments associated with these short-term
atas sewa jangka pendek tersebut sebagai leases as an expense on a straight-line basis
beban dengan metode garis lurus selama masa over the lease term.
sewa.
33
www.akr.co.id
Page 318
322 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Pesewa The Group as Lessor
Sewa di mana Kelompok Usaha tidak Leases in which the Group does not transfer
mengalihkan secara substansial seluruh risiko substantially all the risks and rewards
dan manfaat yang terkait dengan kepemilikan incidental to ownership of an asset are
suatu aset diklasifikasikan sebagai sewa classified as operating leases. Lease income
operasi. Pendapatan sewa yang timbul dicatat arising is accounted for on a straight-line basis
dengan metode garis lurus selama masa sewa over the lease terms and is included in
dan dimasukkan dalam pendapatan dalam revenue in the consolidated statement of profit
laporan laba rugi dan penghasilan komprehensif or loss and other comprehensive income due
lain konsolidasian karena sifat operasinya. Biaya to its operating nature. Initial direct costs
perolehan langsung awal yang timbul dalam incurred in negotiating and arranging an
negosiasi dan pengaturan sewa operasi operating lease are added to the carrying
ditambahkan ke nilai tercatat aset sewaan dan amount of the leased asset and recognized
diakui selama masa sewa atas dasar yang sama over the lease term on the same basis as
dengan pendapatan sewa. Sewa kontinjensi lease income. Contingent rents are
diakui sebagai pendapatan pada periode recognized as revenue in the period in which
perolehannya. they are earned.
k. Persediaan Tanah Kawasan Industri k. Industrial Estate Land Inventory
Persediaan tanah kawasan industri terdiri dari The industrial estate land consists of inventory
tanah yang siap untuk dijual, sedang dalam of land available for sale, under development
tahap pengembangan dan yang akan and land to be developed into industrial estate
dikembangkan menjadi kawasan industri yang as part of the Java Integrated Industry Estate
menjadi bagian dari Kawasan Industri dan and Port (“JIIPE” project) (Note 13) which will
Pelabuhan Jawa Terpadu (proyek “JIIPE”) be available for sale upon completion. The
(Catatan 13) yang akan tersedia untuk dijual land acquisition costs are stated at the lower
pada saat selesai pengembangan. Biaya-biaya of cost or net realizable value.
akuisisi tanah dinyatakan sebesar nilai yang
lebih rendah antara biaya perolehan dan nilai
realisasi neto.
Biaya perolehan tanah yang sedang The costs of land under development consist
dikembangkan meliputi biaya perolehan tanah of the costs of land for development
pengembangan (termasuk biaya praakuisisi (including relevant preacquisition costs), direct
tanah yang relevan), biaya pengembangan development costs, capitalized borrowing
langsung, kapitalisasi biaya pinjaman dan biaya costs and other indirect costs that are
tidak langsung lainnya yang dapat diatribusikan attributable to the development of such land
pada pengembangan tanah persediaan tersebut. inventory. The accumulated costs shall be
Akumulasi biaya-biaya tersebut akan transferred to land inventory available for sale
dipindahkan ke tanah yang tersedia untuk dijual or to relevant property, plant, and equipment
atau ke akun aset tetap terkait pada saat account when they are deemed to be need for
dianggap perlu untuk operasi secara internal operating internaly when the development of
pada saat pengembangan tanah telah selesai. such land has been completed.
34
Laporan Tahunan 2023
Page 319
The original consolidated financial statements included herein 323
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Persediaan Tanah Kawasan Industri k. Industrial Estate Land Inventory
(lanjutan) (continued)
Biaya pinjaman, termasuk biaya pinjaman yang Borrowing costs, including those arising from
timbul dari pinjaman Kelompok Usaha yang Group’s borrowings which met the provision in
memenuhi ketentuan dalam PSAK 26 untuk PSAK 26 for such circumstances, capitalized
kondisi tersebut, yang dikapitalisasi sebagai as part of the carrying amount of land under
bagian dari nilai tercatat tanah dalam development are those relating to debts
pengembangan adalah biaya pinjaman obtained to finance the acquisition and
sehubungan dengan pinjaman yang diperoleh development of the land during the
untuk membiayai perolehan dan pengembangan development stage. Capitalization ceases
tanah selama tahap pengembangan. Kapitalisasi when the development of the land is deferred
dihentikan pada saat pengembangan proyek or postponed or when activities to develop the
ditangguhkan atau ditunda pelaksanaannya atau land for its intended use are substantially
pada saat proses pengembangan tanah tersebut completed.
sesuai dengan tujuannya secara substansial
telah selesai.
Persediaan tanah kawasan industri yang siap The industrial estate land inventory available
untuk dijual dan sedang dalam tahap for sale and under development are classified
pengembangan diklasifikasikan sebagai aset as current asset as it is intended for sale in a
lancar karena dimaksudkan untuk dijual dalam normal operation cycle while land inventory for
siklus operasi normal, sedangkan tanah yang future development is classified as part of
akan dikembangkan diklasifikasikan sebagai non-current asset.
aset tidak lancar.
l. Properti Investasi l. Investment Property
Pada awalnya, properti investasi diukur pada Investment properties are measured initially at
biaya perolehan, termasuk biaya transaksi. cost, including transaction costs. Subsequent
Setelah pengakuan awal, properti investasi to initial recognition, investment properties are
dinyatakan sebesar nilai wajar, yang stated at fair value, which reflects market
mencerminkan kondisi pasar pada tanggal conditions at the reporting date. Gains or
laporan. Keuntungan atau kerugian yang timbul losses arising from changes in the fair values
dari perubahan nilai wajar properti investasi of investment properties are included in profit
dicatat dalam laba rugi pada periode terjadinya, or loss in the period in which they arise,
termasuk efek pajak yang terkait. Nilai wajar including the corresponding tax effect. Fair
ditentukan berdasarkan penilaian tahunan yang values are determined based on an annual
dilakukan oleh penilai independen eksternal valuation performed by an accredited external
terakreditasi dengan menerapkan model independent valuer applying a valuation model
penilaian yang direkomendasikan oleh recommended by the International Valuation
International Valuation Standards Committee. Standards Committee.
35
www.akr.co.id
Page 320
324 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Properti Investasi (lanjutan) l. Investment Property (continued)
Properti investasi dihentikan pengakuannya baik Investment properties are derecognized either
saat dilepas (yaitu, pada tanggal penerima when they have been disposed of (i.e., at the
memperoleh kendali) atau ketika tidak digunakan date the recipient obtains control) or when they
lagi secara permanen dan tidak memiliki manfaat are permanently withdrawn from use and no
ekonomis masa depan yang diharapkan dari future economic benefit is expected from their
pelepasannya. Selisih antara hasil neto disposal. The difference between the net
pelepasan dan nilai tercatat aset diakui dalam disposal proceeds and the carrying amount of
laba rugi pada periode terjadinya penghentian the asset is recognized in profit or loss in the
pengakuan. Dalam menentukan jumlah imbalan period of derecognition. In determining the
dari penghentian pengakuan properti investasi, amount of consideration from the
Kelompok Usaha mempertimbangkan dampak derecognition of investment property the
dari imbalan variabel, keberadaan komponen Group considers the effects of variable
pembiayaan yang signifikan, imbalan non-kas, consideration, existence of a significant
dan imbalan yang harus dibayar kepada pembeli financing component, non-cash consideration,
(jika ada). and consideration payable to the buyer (if
any).
Pengalihan dilakukan ke (atau dari) properti Transfers are made to (or from) investment
investasi hanya jika terdapat perubahan property only when there is a change in use.
penggunaan. Untuk pengalihan dari properti For a transfer from investment property to
investasi ke properti yang digunakan sendiri, owner-occupied property, the deemed cost for
biaya yang dianggap untuk akuntansi subsequent accounting is the fair value at the
selanjutnya adalah nilai wajar pada tanggal date of change in use. If owner-occupied
perubahan penggunaan. Jika properti yang property becomes an investment property, the
digunakan sendiri menjadi properti investasi, Group accounts for such property in
Kelompok Usaha memperhitungkan properti accordance with the policy stated under
tersebut sesuai dengan kebijakan yang property, plant and equipment up to the date
tercantum dalam aset tetap sampai dengan of change in use.
tanggal perubahan yang digunakan.
m. Biaya Emisi Saham dan Obligasi m. Share and Bonds Issuance Costs
Biaya emisi saham disajikan sebagai bagian dari Share issuance costs are presented as part of
tambahan modal disetor dan tidak disusutkan. additional paid-in capital and are not
amortized.
Biaya emisi obligasi disajikan neto terhadap Bonds issuance costs are presented net
hutang obligasi dan diamortisasi selama masa against the bonds payable and amortized over
obligasi menggunakan metode suku bunga the term of the bonds using effective interest
efektif (lihat Catatan 2s terkait dengan kebijakan rate method (refer to Note 2s related to
akuntansi untuk liabilitas keuangan yang diukur accounting policies for financial liabilities
pada biaya perolehan diamortisasi). measured at amortized cost).
36
Laporan Tahunan 2023
Page 321
The original consolidated financial statements included herein 325
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Imbalan Pasca Kerja n. Post-Employment Benefits
Perusahaan dan Entitas Anaknya di Indonesia The Company and its Subsidiaries in
memberikan imbalan pasca kerja imbalan pasti Indonesia provide defined post-employment
untuk karyawan sesuai dengan Peraturan benefits to their employees in accordance with
Perundang-undangan yang berlaku serta, the prevailing Laws and Regulation and the
peraturan Perusahaan (Catatan 29). Tidak Company’s regulation (Note 29). No funding
terdapat pendanaan yang disisihkan has been made to this defined benefit plan.
sehubungan dengan imbalan pasca kerja ini.
Kelompok Usaha menerapkan PSAK 24, The Group adopted PSAK 24,
“Imbalan Pasca Kerja” dan perhitungan imbalan “Post-Employment Benefits” and the cost of
pasca kerja menggunakan metode Projected providing post-employment benefits is
Unit Credit. Keuntungan atau kerugian aktuarial determined using the Projected Unit Credit
yang timbul diakui sebagai Penghasilan method. The actuarial gains or lossess
Komprehensif Lain dan disajikan pada bagian incurred are recognized in Other
ekuitas. Biaya jasa lalu dibebankan langsung Comprehensive Income and is presented in
pada laba rugi. the equity section. Past service cost is
recognized immediately to profit or loss.
Jumlah yang diakui sebagai kewajiban imbalan The benefit obligation recognized in the
pasti di laporan posisi keuangan konsolidasian consolidated statements of financial position
merupakan nilai kini kewajiban imbalan pasti. represents the present value of the defined
benefit obligation.
Pada bulan April 2022, Dewan Standar In April 2022, the Institute of Indonesia
Akuntansi Keuangan Ikatan Akuntan Indonesia Chartered Accountants’ Accounting Standard
(“DSAK IAI”) menerbitkan siaran pers atas Board (“DSAK IAI”) issued a press release
persyaratan pengatribusian imbalan pada regarding attribution of benefits to periods of
periode jasa sesuai PSAK 24: Imbalan Kerja service in accordance with PSAK 24: Imbalan
yang diadopsi dari IAS 19 Employee Benefits. Kerja which was adopted from IAS 19
Siaran pers tersebut menyampaikan informasi Employee Benefits. The press release
bahwa pola fakta umum dari program pensiun conveyed the information that the fact pattern
berbasis undang-undang ketenagakerjaan yang of the pension program based on the Labor
berlaku di Indonesia saat ini memiliki pola fakta Law currently enacted in Indonesia is similar
serupa dengan yang ditanggapi dan disimpulkan to those responded and concluded in the
dalam IFRS Intepretation Committee (“IFRIC”) IFRS Interpretation Committee (“IFRIC”)
Agenda Decision Attributing Benefit to Periods of Agenda Decision Attributing Benefit to
Service IAS 19. Kelompok Usaha telah Periods of Service IAS 19. The Group has
menerapkan siaran pers tersebut dan dengan adopted the said press release and
demikian merubah kebijakan akuntansi terkait accordingly changed its accounting policy
atribusi imbalan kerja pada periode jasa dari regarding attribution of benefits to periods of
kebijakan yang diterapkan sebelumnya pada service previously applied in the consolidated
laporan keuangan konsolidasian kelompok financial statements of the Group as of
usaha pada tanggal 31 Desember 2021 dan December 31, 2021, and for the year then
untuk tahun yang berakhir pada tanggal tersebut. ended.
37
www.akr.co.id
Page 322
326 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Imbalan Pasca Kerja (lanjutan) n. Post-Employment Benefits (continued)
Pada tahun-tahun sebelumnya, Kelompok In prior years, the Group attributed benefits
Usaha mengatribusikan imbalan berdasarkan under the defined benefit plan’s benefit
formula imbalan program imbalan pasti formula to periods of service from the date
berdasarkan masa kerja sejak tanggal pekerja when employees provide their services until
memberikan jasa hingga usia pensiun. Mulai their retirement age. Starting from January 1,
1 Januari 2022, berdasarkan siaran pers, 2022, based on the press release, the Group
Kelompok Usaha telah mengubah kebijakan change the policy for attributing benefits under
akuntansinya untuk mengatribusikan imbalan the plan to the date when employee service
berdasarkan program tersebut, yaitu dari tanggal first leads to benefits under the plan until the
ketika jasa pekerja pertama kali menghasilkan date when further employee service will lead
imbalan dalam program sampai dengan tanggal to no material amount of further benefits under
ketika jasa pekerja selanjutnya tidak akan the plan. However, the impact is not material
menghasilkan jumlah imbalan yang material to the consolidated financial statements and
dibawah program tersebut. Namun, perubahan charged to current period.
tersebut tidak berdampak material terhadap
laporan keuangan konsolidasian dan telah
dibebankan pada periode berjalan.
o. Provisi o. Provision
Provisi diakui jika Kelompok Usaha memiliki Provisions are recognized when the Group
liabilitas kini (baik bersifat hukum maupun has a present obligation (legal or constructive)
bersifat konstruktif) yang akibat peristiwa masa as a result of a past event, it is probable that
lalu, besar kemungkinannya penyelesaian an outflow of resources embodying economic
liabilitas tersebut mengakibatkan arus keluar benefits will be required to settle the obligation
sumber daya yang mengandung manfaat and a reliable estimate can be made of the
ekonomi dan estimasi yang andal mengenai amount of the obligation.
jumlah liabilitas tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan liabilitas outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
Provisi untuk biaya pembongkaran aset Provision for asset dismantling costs is
diestimasi berdasarkan beberapa asumsi dan estimated based on certain assumptions and
disajikan pada nilai wajar sesuai dengan tingkat carried at fair value based on applicable
diskonto yang berlaku. discount rates.
p. Saham Treasuri p. Treasury Shares
Instrumen ekuitas sendiri yang diperoleh kembali Own equity instruments that are reacquired
(saham treasuri) diakui pada harga perolehan (treasury shares) are recognized at cost and
kembali dan dikurangi dari ekuitas. Tidak ada deducted from equity. No gain or loss is
laba rugi yang diakui pada laba rugi atas recognized in profit or loss on the purchase,
perolehan, penjualan kembali, penerbitan atau sale, issue or cancellation of the Group’s own
pembatalan dari instrumen ekuitas Kelompok equity instruments. Any difference between
Usaha. Selisih antara jumlah tercatat dan the carrying amount and the consideration, if
penerimaan, bila diterbitkan kembali, diakui reissued, is recognized as part of additional
sebagai bagian dari tambahan modal disetor paid-in capital in the equity.
pada ekuitas.
38
Laporan Tahunan 2023
Page 323
The original consolidated financial statements included herein 327
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Pendapatan dari Kontrak dengan Pelanggan q. Revenue from Contracts with Customers
dan Pengakuan Beban and Recognition of Expenses
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers
Penjualan diakui ketika Kelompok Usaha Sales are recognized when the Group satisfies
memenuhi kewajiban pelaksanaan (performance a performance obligation by transferring a
obligation) dengan mentransfer barang atau jasa promised good or service to the customer,
yang dijanjikan kepada pelanggan, yaitu ketika which is when the customer obtains control of
pelanggan memperoleh pengendalian atas the good or service. A performance obligation
barang atau jasa tersebut. Kewajiban may be satisfied at a point or over time. The
pelaksanaan (performance obligation) dapat amount of the revenue recognized is the
dipenuhi pada suatu waktu tertentu atau dari amount allocated to the satisfied performance
waktu ke waktu. Jumlah pendapatan yang diakui obligation. The Group has generally
adalah jumlah yang dialokasikan untuk concluded that it is the principal in its revenue
kewajiban pelaksanaan (performance obligation) arrangements.
yang dipenuhi. Kelompok Usaha secara umum
menyimpulkan bahwa mereka adalah prinsipal
dalam pengaturan pendapatannya.
(a) Penjualan barang (a) Sale of goods
Pendapatan dari penjualan barang diakui Revenue from the sale of goods is
pada saat pengendalian aset dialihkan ke recognized at the point in time when
pelanggan. Umumnya, penjualan lokal pada control of the asset is transferred to the
saat pengiriman barang, sedangkan customer. Generally, local sales on
penjualan ekspor ketika barang dikapalkan delivery of goods, while export sales when
(FOB Shipping Point), karena kewajiban the goods are shipped (FOB Shipping
pelaksanaan (performance obligation) dinilai Point), as performance obligation is
telah terpenuhi dan oleh karena itu judged have been satisfied and revenue
pendapatan diakui. is therefore recognized.
Pendapatan diukur berdasarkan pada janji Revenue is measured at the
entitas dalam kontrak dengan pelanggan, consideration promised of the entity in the
dikurangi diskon dan potongan harga, jika contract with a customer, less discounts
ada. and rebates, if any.
(b) Penjualan jasa (b) Sale of services
Pendapatan dari jasa yang diberikan diakui Revenue from services rendered is
dalam periode akuntansi di mana jasa recognized in the accounting period in
diberikan. which services are rendered.
Kelompok Usaha menawarkan imbalan variabel The Group estimates the variable
berupa hak pengembalian dan penyesuaian considerations such as right of return and price
harga sehubungan klaim kualitas, dengan adjustments arising from quality claim, using
menggunakan metode nilai ekspektasian yang expected value developed based on historical
dikembangkan berdasarkan pengalaman experience or using most likely amount
historis, atau metode jumlah yang paling developed based on historical experience
mungkin yang dikembangkan berdasarkan taking into account also current purchasing
pengalaman historis dengan patterns.
mempertimbangkan pola pembelian saat ini.
39
www.akr.co.id
Page 324
328 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Pendapatan dari Kontrak dengan Pelanggan q. Revenue from Contracts with Customers
dan Pengakuan Beban (lanjutan) and Recognition of Expenses (continued)
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers
(lanjutan) (continued)
Manajemen menetapkan metode estimasi untuk The management established estimation
memastikan dimasukkannya imbalan variabel method that ensure inclusion of these variable
tersebut hanya sedemikian agar tidak terjadi consideration only to the extent that it is highly
pembalikan yang signifikan atas pendapatan probable that a significant reversal in the
kumulatif yang diakui ketika ketidakpastian amount of cumulative revenue recognized will
terkait dengan pertimbangan variabel tersebut not occur when the uncertainty associated
diselesaikan kedepannya. Sedangkan with the variable consideration is subsequently
pengakuan dilakukan ketika dokumen resolved. Meanwhile, the recognition is made
pendukung telah diterima dari pelanggan atau when supporting documents have been
saat kemungkinan besar penyesuaian harga received from customers or when it is probable
akan diberikan. price adjustments will be given.
Piutang usaha merupakan hak Kelompok Usaha Trade receivables represent the Group’s right
atas sejumlah imbalan yang tidak bersyarat to an amount of consideration that is
(yaitu, hanya berlalunya waktu yang diperlukan unconditional (i.e., only the passage of time is
sebelum pembayaran imbalan jatuh tempo). required before payment of the consideration
Lihat kebijakan akuntansi aset keuangan pada is due). Refer to accounting policies of
Catatan 2s Instrumen Keuangan mengenai financial assets in Note 2s in Financial
pengakuan awal dan pengukuran selanjutnya. instruments section regarding initial
recognition and subsequent measurement.
Liabilitas kontrak Contract liabilities
Liabilitas kontrak adalah kewajiban untuk A contract liability is the obligation to transfer
mentransfer barang atau jasa kepada pelanggan goods or services to a customer for which the
dimana Kelompok Usaha telah menerima Group has received consideration (or an
imbalan (atau jumlah imbalan yang jatuh tempo) amount of consideration is due) from the
dari pelanggan. customer.
Jika pelanggan membayar imbalan sebelum If a customer pays consideration before the
Kelompok Usaha mengalihkan barang atau jasa Group transfers goods or services to the
kepada pelanggan, liabilitas kontrak diakui pada customer, a contract liability is recognized
saat pembayaran dilakukan atau pembayaran when the payment is made or the payment is
jatuh tempo (mana yang lebih awal). Liabilitas due (whichever is earlier). Contract liabilities
kontrak diakui sebagai pendapatan pada saat are recognized as revenue when the Group
Kelompok Usaha memenuhi pelaksanaan performs under the contract.
kontrak.
Penghasilan/beban bunga Interest income/expense
Untuk semua instrumen keuangan yang diukur For all financial instruments measured at
pada biaya perolehan diamortisasi penghasilan amortized cost, interest income or expense is
atau beban bunga dicatat dengan menggunakan recorded using the effective interest rate,
metode suku bunga efektif, yaitu suku bunga which is the rate that exactly discounts the
yang secara tepat mendiskontokan estimasi estimated future cash payments or receipts
pembayaran atau penerimaan kas di masa yang over the expected life of the financial
akan datang selama perkiraan umur dari instrument or a shorter period, where
instrument keuangan, atau jika lebih tepat, appropriate, to the net carrying amount of the
selama periode yang lebih singkat, untuk nilai financial asset or liability.
tercatat neto dari aset atau liabilitas keuangan.
40
Laporan Tahunan 2023
Page 325
The original consolidated financial statements included herein 329
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
q. Pendapatan dari Kontrak dengan Pelanggan q. Revenue from Contracts with Customers
dan Pengakuan Beban (lanjutan) and Recognition of Expenses (continued)
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers
(lanjutan) (continued)
Pendapatan sewa Rental income
Pendapatan sewa diakui dengan dasar garis Rental income is recognized on a straight-line
lurus selama masa sewa. basis over the lease terms.
Beban Expenses
Beban diakui pada saat terjadinya atau sesuai Expenses are recognized when incurred or
dengan masa manfaatnya. based on their beneficial periods.
r. Perpajakan r. Taxation
Kelompok Usaha menerapkan ISAK The Group adopted ISAK No. 34 - Uncertainty
No. 34 - Ketidakpastian dalam Perlakuan Pajak over Income Tax Treatments. This ISAK
Penghasilan. ISAK ini membahas akuntansi addresses the accounting for income taxes
untuk pajak penghasilan ketika perlakuan pajak when tax treatments involve uncertainty that
melibatkan ketidakpastian yang mempengaruhi affects the application of PSAK 46: Income
penerapan PSAK 46: Pajak Penghasilan. ISAK Taxes. This ISAK does not apply to taxes or
ini tidak berlaku untuk pajak atau retribusi di luar levies outside the scope of PSAK 46, nor does
ruang lingkup PSAK 46, juga tidak secara khusus it specifically include requirements relating to
mencakup persyaratan yang berkaitan dengan interest and penalties associated with
bunga dan denda yang terkait dengan perlakuan uncertain tax treatments. The interpretation
pajak yang tidak pasti. Penafsiran secara khusus specifically addresses the following:
membahas hal-hal berikut:
Apakah suatu entitas mempertimbangkan Whether an entity considers uncertain tax
perlakuan pajak yang tidak pasti secara treatments separately;
terpisah;
Asumsi yang dibuat entitas tentang The assumptions an entity makes about
pemeriksaan perlakuan pajak oleh otoritas the examination of tax treatments by the
perpajakan; dan taxation authorities; and
Bagaimana entitas menentukan laba kena How an entity determines taxable profit
pajak (rugi pajak), dasar pengenaan pajak, (tax loss), tax bases, unused tax losses,
rugi pajak yang belum digunakan, kredit unused tax credits and tax rate.
pajak yang belum digunakan dan tarif pajak.
Kelompok Usaha menentukan apakah akan The Group determines whether to consider
mempertimbangkan masing-masing perlakuan each uncertain tax treatment separately or
pajak yang tidak pasti secara terpisah atau together with one or more other uncertain tax
bersama-sama dengan satu atau lebih perlakuan treatments and uses the approach that better
pajak tidak pasti lainnya dan menggunakan predicts the resolution of the uncertainty. The
pendekatan yang lebih baik dalam memprediksi Group applies significant judgment in
penyelesaian ketidakpastian tersebut. Kelompok identifying uncertainties over income tax
Usaha menerapkan penilaian signifikan dalam treatments. Upon adoption of the
mengidentifikasi ketidakpastian atas perlakuan Interpretation, the Group considered whether
pajak penghasilan. Setelah adopsi Interpretasi, it has any uncertain tax positions.
Kelompok Usaha mempertimbangkan apakah
Kelompok Usaha memiliki posisi pajak yang
tidak pasti.
41
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Page 326
330 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Perpajakan (lanjutan) r. Taxation (continued)
Pengajuan pajak Perusahaan dan entitas anak di The Company’s and the subsidiaries’ tax
berbagai yurisdiksi termasuk otoritas perpajakan filings in different jurisdictions include the
dapat menentang perlakuan pajak tersebut. taxation authorities may challenge those tax
Kelompok Usaha menentukan, berdasarkan treatments. The Group determined, based on
pada kepatuhan perpajakannya bahwa besar its tax compliance that it is probable that its tax
kemungkinan perlakuan pajaknya (termasuk treatments (including those for the
yang untuk entitas anak) akan diterima oleh subsidiaries) will be accepted by the taxation
otoritas perpajakan. authorities.
Pajak Final Final Tax
Berdasarkan peraturan pajak yang berlaku, In accordance with prevailing tax regulation,
pajak penghasilan Kelompok Usaha dari the Group’s income from rental of tanks and
aktivitas penyewaan tangki dan gudang dihitung warehouses are subject to 10% final tax while
secara final sebesar 10% sedangkan domestic shipping transportation income is
pendapatan pengangkutan untuk pelayaran subject to final tax at rate of 1.2%.
dalam negeri dikenakan pajak final sebesar
1,2%.
Perbedaan nilai tercatat aset atau liabilitas yang The difference between the financial
berhubungan dengan pajak penghasilan final statement carrying amounts of existing assets
dengan dasar pengenaan pajaknya tidak diakui and liabilities and their respective final tax
sebagai aset atau liabilitas pajak tangguhan. bases are not recognized as deferred tax
assets or liabilities.
Berdasarkan Peraturan Pemerintah No. 71/2008 Based on Government Regulation
tanggal 4 November 2008, efektif tanggal No. 71/2008 dated November 4, 2008,
1 Januari 2009, penghasilan dari penjualan atau effective January 1, 2009, the income from
pengalihan tanah dan bangunan dikenakan sale or transfer of land and building is subject
pajak final sebesar 5% dari nilai penjualan atau to a final tax of 5% from the sale or transfer
pengalihan. Pada tanggal 8 Agustus 2016, value. On August 8, 2016, based on the
sesuai dengan Peraturan Pemerintah Government Regulation No. 34/2016 and
No. 34/2016 dan Peraturan Menteri Keuangan Ministry of Finance Regulation
No. 261/PMK.03/2016, pajak penghasilan dari No. 261/PMK.03/2016, income from sale of
pengalihan hak atas tanah dan/atau bangunan land and/or buildings subject to final tax of
dikenakan pajak bersifat final sebesar 2,5%. 2.5%.
Pajak Penghasilan - Pajak Kini Income Tax - Current Tax
Aset dan liabilitas pajak kini untuk tahun berjalan Current income tax assets and liabilities for the
dan tahun-tahun sebelumnya diukur pada jumlah current and prior years are measured at the
yang diharapkan akan terpulihkan atau yang amount expected to be recovered from or paid
akan dibayarkan kepada otoritas pajak. Tarif to the taxation authorities. The tax rates and
pajak dan peraturan perpajakan yang digunakan tax laws used to compute the amount are
untuk menghitung jumlah pajak adalah tarif pajak those that are enacted or substantively
yang berlaku atau secara substansial telah enacted, at the reporting date, in the countries
berlaku pada tanggal pelaporan, di negara where the Group operates and generates
dimana Kelompok Usaha beroperasi dan taxable income.
menghasilkan laba kena pajaknya.
42
Laporan Tahunan 2023
Page 327
The original consolidated financial statements included herein 331
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Perpajakan (lanjutan) r. Taxation (continued)
Pajak Penghasilan - Pajak Kini (lanjutan) Income Tax - Current Tax (continued)
Pajak kini yang terkait dengan komponen yang Current income tax relating to items
diakui langsung ke ekuitas diakui di ekuitas dan recognized directly in equity is recognized in
tidak ke laporan laba rugi. Manajemen secara equity and not in the profit or loss.
periodik mengevaluasi posisi yang diambil Management periodically evaluates positions
sehubungan dengan pelaporan pajak untuk taken in the tax returns with respect to
situasi dimana relevan pajak terkait memerlukan situations in which applicable tax regulations
interpretasi dan melakukan pencadangan jika are subject to interpretation and establishes
diperlukan. provisions where appropriate.
Sesuai dengan Peraturan Pemerintah (PP) In accordance with Government Regulation
No. 81/2007 tentang Penurunan Tarif Pajak (PP) No. 81/2007 regarding Reduced Tax
Penghasilan untuk Perusahaan Terbuka, Rate for Listed Companies, effective
terhitung efektif tanggal 1 Januari 2008, yang January 1, 2008, which has been amended by
telah diubah dengan PP No. 56/2015 tanggal PP No. 56/2015 dated August 3, 2015, further
3 Agustus 2015 tambahan penurunan tarif pajak reduction in the tax rate by 5% is available for
sebesar 5% diberikan kepada perusahaan publik public companies listed and traded on the
yang terdaftar dan bertransaksi di Bursa Efek Indonesian Stock Exchange that satisfy the
Indonesia yang memenuhi syarat. conditions.
Pada tanggal 31 Maret 2020, Pemerintah On March 31, 2020, the Government has
menerbitkan Peraturan Pemerintah Pengganti issued Government Regulation in lieu of the
Undang-Undang Republik Indonesia Nomor 1 Law of the Republic of Indonesia Number 1
Tahun 2020 yang menetapkan, antara lain, Year 2020 which stipulates, among others,
penurunan tarif pajak penghasilan wajib pajak reduction to the tax rates for corporate income
badan dalam negeri dan bentuk usaha tetap dari taxpayers and permanent establishments
semula 25% menjadi 22% untuk tahun pajak entities from previously 25% to become 22%
2020 sampai 2021 dan 20% mulai tahun pajak for fiscal year 2020 to 2021 and 20% starting
2022 dan seterusnya, serta pengurangan lebih fiscal year 2022 onwards, and further incentive
lanjut tarif pajak sebesar 3% untuk perusahaan reduction of 3% for listed companies with the
terdaftar dengan syarat yang sama. Selanjutnya, same required conditions. Further, on
pada tanggal 29 Oktober 2021, Presiden October 29, 2021, the President of the
Republik Indonesia menandatangani UU Republic of Indonesia signed UU No. 7/2021
No. 7/2021 tentang “Harmonisasi Peraturan regarding “Harmonization of Tax Regulation”,
Perpajakan” yang menerapkan tarif pajak which applies the corporate income tax rate of
penghasilan badan sebesar 22% yang mulai 22% effective starting fiscal year 2022
berlaku pada tahun pajak 2022 (sebelumnya (previously 20%).
20%).
Syarat yang harus dipenuhi adalah sebagai The conditions to be fulfilled are as follows:
berikut:
Paling sedikit 40% saham yang beredar At least 40% of the outstanding shares
dipegang oleh pemegang saham publik are held by public comprising of at least
yang terdiri dari paling sedikit oleh 300 300 shareholders;
pemegang saham;
Masing-masing pemegang saham memiliki Each shareholder holding less than 5% of
saham kurang dari 5% dari keseluruhan the outstanding shares; and
saham yang beredar; dan
Dua kondisi di atas harus dipenuhi paling The two conditions above must be
singkat dalam kurun waktu 183 hari dalam maintained for 183 days within one fiscal
waktu satu tahun pajak. year.
43
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Page 328
332 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Perpajakan (lanjutan) r. Taxation (continued)
Pajak Penghasilan - Pajak Tangguhan Income Tax - Deferred Tax
Pajak tangguhan diukur dengan metode liabilitas Deferred tax is provided using the liability
atas beda waktu pada tanggal pelaporan antara method on temporary differences at the
dasar pengenaan pajak untuk aset dan liabilitas reporting date between the tax bases of assets
dengan nilai tercatatnya untuk tujuan pelaporan and liabilities and their carrying amounts for
keuangan. Liabilitas pajak tangguhan diakui financial reporting purposes. Deferred tax
untuk semua perbedaan temporer kena pajak liabilities are recognized for all taxable
dengan beberapa pengecualian. Aset pajak temporary differences with certain exceptions.
tangguhan diakui untuk perbedaan temporer Deferred tax assets are recognized for
yang boleh dikurangkan dan rugi fiskal apabila deductible temporary differences and tax
terdapat kemungkinan besar bahwa jumlah laba losses carry forwards to the extent that it is
kena pajak pada masa mendatang akan probable that taxable income will be available
memadai untuk mengkompensasi perbedaan in future years against which the deductible
temporer dan rugi fiskal. temporary differences and tax losses
carryforwards can be utilized.
Pajak tangguhan diukur dengan menggunakan Deferred tax is calculated at the tax rates that
tarif pajak yang berlaku atau secara substansial have been enacted or substantively enacted at
telah berlaku pada tanggal pelaporan. the reporting date. Changes in the carrying
Perubahan nilai tercatat aset dan liabilitas pajak amount of deferred tax assets and liabilities
tangguhan yang disebabkan oleh perubahan tarif due to a change in tax rate are charged to the
pajak dibebankan pada tahun berjalan, kecuali current year, except to the extent that it relates
untuk transaksi-transaksi yang sebelumnya telah to items previously charged or credited to
langsung dibebankan atau dikreditkan ke equity. The deferred tax effect arising from
ekuitas. Efek pajak tangguhan yang timbul dari acquisition is recognized as part of the
akuisisi disajikan sebagai bagian dari akun “Aset “Deferred Tax Asset or Liability” account.
atau Liabilitas Pajak Tangguhan”.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus di laporan posisi keuangan the consolidated statements of financial
konsolidasian, kecuali aset dan liabilitas pajak position, except if these are for different legal
tangguhan untuk entitas yang berbeda sesuai entities, in the same manner the current tax
dengan penyajian aset dan liabilitas pajak kini. assets and liabilities are presented.
Pajak Penjualan Sales Tax
Penjualan, beban dan aset diakui neto terhadap Revenues, expenses and assets are
nilai pajak penjualan (yaitu pajak pertambahan recognized net of the amount of sales tax (i.e.
nilai dan pajak terkait lainnya, jika ada) kecuali: value-added tax and other relevant taxes, if
any) except:
Situasi dimana pajak penjualan yang timbul Where the sales tax incurred on a
dari pembelian aset atau jasa tidak purchase of assets or services is not
terpulihkan dari otoritas pajak, dalam situasi recoverable from the taxation authority, in
tersebut pajak penjualan terkait diakui which case the sales tax is recognized as
sebagai bagian dari nilai perolehan aset part of the cost of acquisition of the asset
atau bagian dari beban. or as part of the expense item as
applicable.
Piutang dan hutang yang diakui termasuk Receivables and payables that are stated
pajak penjualan terkait. with the amount of sales tax included.
Nilai dari pajak penjualan neto yang dipulihkan The net amount of sales tax recoverable from,
atau terhutang ke otoritas pajak dicatat sebagai or payable to, the taxation authority is included
bagian dari piutang atau hutang dalam laporan as part of receivables or payables in the
posisi keuangan konsolidasian. consolidated statements of financial position.
44
Laporan Tahunan 2023
Page 329
The original consolidated financial statements included herein 333
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan s. Financial Instruments
Instrumen keuangan adalah setiap kontrak yang A financial instrument is any contract that
memberikan aset keuangan bagi satu entitas gives rise to a financial asset of one entity and
dan liabilitas keuangan atau ekuitas bagi entitas a financial liability or equity instrument of
lain. another entity.
i. Aset Keuangan i. Financial Assets
Pengakuan dan pengukuran awal Initial recognition and measurement
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 Pendapatan Komprehensif Comprehensive Income (“OCI”), and fair
Lain (“PKL”), dan nilai wajar melalui laba value through profit or loss.
rugi.
Klasifikasi aset keuangan pada pengakuan The classification of financial assets at
awal tergantung pada karakteristik arus kas initial recognition depends on the financial
kontraktual aset keuangan dan model bisnis asset’s contractual cash flow
Kelompok Usaha untuk mengelolanya. characteristics and the Group’s business
Dengan pengecualian piutang usaha yang model for managing them. With the
tidak mengandung komponen pembiayaan exception of trade receivables that do not
yang signifikan atau yang mana Kelompok contain a significant financing component
Usaha telah menerapkan kebijaksanaan or for which the Group has applied the
praktisnya, Kelompok Usaha pada awalnya practical expedient, the Group initially
mengukur aset keuangan pada nilai measures a financial asset at its fair value
wajarnya ditambah, dalam hal aset plus, in the case of a financial asset not at
keuangan tidak diukur pada nilai wajar fair value through profit or loss,
melalui laba rugi, biaya transaksi. Piutang transaction costs. Trade receivables that
usaha yang tidak mengandung komponen do not contain a significant financing
pembiayaan yang signifikan atau yang component or for which the Group has
mana Kelompok Usaha telah menerapkan applied the practical expedient are
kebijaksanaan praktis diukur pada harga measured at the transaction price
transaksi yang ditentukan berdasarkan determined under PSAK 72. Refer to Note
PSAK 72. Lihat kebijakan akuntansi pada 2q for the accounting policy in relation to
Catatan 2q untuk kebijakan terkait revenue from contracts with customers.
pendapatan dari kontrak dengan pelanggan.
Agar aset keuangan diklasifikasikan dan In order for a financial asset to be
diukur pada biaya perolehan diamortisasi classified and measured at amortised
atau nilai wajar melalui OCI, aset keuangan cost or fair value through OCI, it needs to
harus menghasilkan arus kas yang Semata- give rise to cash flows that are Solely
mata Pembayaran Pokok dan Bunga Payments of Principal and Interest
(“SPPI”) dari jumlah pokok terhutang. (“SPPI”) on the principal amount
Penilaian ini disebut sebagai tes SPPI dan outstanding. This assessment is referred
dilakukan pada tingkat instrumen. to as the SPPI test and is performed at an
instrument level.
45
www.akr.co.id
Page 330
334 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengakuan dan pengukuran awal (lanjutan) Initial recognition and measurement
(continued)
Model bisnis Kelompok Usaha untuk The Group’s business model for
mengelola aset keuangan mengacu pada managing financial assets refers to how it
bagaimana Kelompok Usaha mengelola manages its financial assets in order to
aset keuangannya untuk menghasilkan arus generate cash flows. The business model
kas. Model bisnis menentukan apakah arus determines whether cash flows will result
kas akan dihasilkan dari pengumpulan arus from collecting contractual cash flows,
kas kontraktual, penjualan aset keuangan, selling the financial assets, or both.
atau keduanya.
Pembelian atau penjualan aset keuangan Purchases or sales of financial assets that
yang memerlukan penyerahan aset dalam require delivery of assets within a time
jangka waktu yang ditetapkan oleh regulasi frame established by regulation or
atau konvensi di pasar (perdagangan convention in the marketplace (regular
reguler) diakui pada tanggal perdagangan, way trades) are recognized on the trade
yaitu tanggal Kelompok Usaha berkomitmen date, i.e., the date that the Group commits
untuk membeli atau menjual aset. to purchase or sell the assets.
Kelompok Usaha memiliki kas dan setara The Group has cash and cash
kas, piutang usaha, piutang lain-lain, dan equivalents, trade and other receivables,
aset lancar lainnya yang seluruhnya and other current assets which are all
diklasifikasikan sebagai aset keuangan classified as financial assets measured at
yang diukur pada biaya perolehan amortized cost. The Group has no
diamortisasi. Kelompok Usaha tidak financial assets measured at fair value
memiliki aset keuangan yang diukur pada through OCI or fair value through profit or
nilai wajar melalui OCI atau nilai wajar loss.
melalui laba rugi.
Pengukuran setelah pengakuan awal Subsequent measurement
Kelompok Usaha mengukur aset keuangan The Group measures financial assets at
pada biaya perolehan diamortisasi jika amortized cost if both of the following
kedua kondisi berikut ini terpenuhi: conditions are met:
i) Aset keuangan tersebut dikelola dalam i) The financial asset is held within a
model bisnis yang bertujuan untuk business model with the objective to
memiliki aset keuangan dalam rangka hold financial assets in order to
memperoleh arus kas kontraktual, dan collect contractual cash flows, and
ii) Persyaratan kontraktual dari aset ii) The contractual terms of the financial
keuangan yang pada tanggal tertentu asset give rise on specified dates to
meningkatkan arus kas yang SPPI dari cash flows that are SPPI on the
jumlah pokok terhutang. principal amount outstanding.
46
Laporan Tahunan 2023
Page 331
The original consolidated financial statements included herein 335
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran setelah pengakuan awal Subsequent measurement (continued)
(lanjutan)
Aset keuangan pada biaya perolehan Financial assets at amortized cost are
diamortisasi selanjutnya diukur dengan subsequently measured using the
menggunakan suku bunga efektif (“SBE”) effective interest rate (“EIR”) method and
dan diuji penurunan nilainya. Keuntungan are subject to impairment. Gains and
dan kerugian diakui dalam laba rugi pada losses are recognized in profit or loss
saat aset keuangan dihentikan when the financial asset is derecognized,
pengakuannya, dimodifikasi atau modified or impaired.
mengalami penurunan nilai.
Penghentian pengakuan Derecognition
Penghentian pengakuan (yaitu, dihapuskan A financial asset, or where applicable, a
dari laporan posisi keuangan konsolidasian part of a financial asset or part of a group
Kelompok Usaha) atas suatu aset of similar financial assets, is
keuangan, atau, bila dapat diterapkan untuk derecognized (i.e., removed from the
bagian dari aset keuangan atau bagian dari Group’s consolidated statement of
kelompok aset keuangan serupa, terjadi financial position) when:
apabila:
i) Hak kontraktual atas arus kas yang i) The contractual rights to receive the
berasal dari aset keuangan tersebut cash flows from these assets have
berakhir; expired;
ii) Kelompok Usaha telah mengalihkan ii) The Group has transferred its rights to
hak untuk menerima arus kas yang receive cash flows from the asset or
berasal dari aset keuangan tersebut has assumed an obligation to pay the
atau menanggung kewajiban untuk received cash flows in full without
membayar arus kas yang diterima material delay to a third party under a
tersebut tanpa penundaan yang “pass-through” arrangement, and
signifikan terhadap pihak ketiga melalui either (a) the Group has transferred
suatu kesepakatan “penyerahan” dan substantially all the risk and rewards
(a) Kelompok Usaha secara substansial of the financial assets, or (b) the
memindahkan seluruh risiko dan Group has neither transferred nor
manfaat atas kepemilikan aset retained substantially all the risk and
keuangan tersebut, atau (b) Kelompok rewards of the assets, but has
Usaha secara substansial tidak transferred control of the asset.
memindahkan dan tidak memiliki
seluruh risiko dan manfaat atas
kepemilikan aset keuangan tersebut,
namun telah memindahkan
pengendalian atas aset keuangan
tersebut.
47
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Page 332
336 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian pengakuan (lanjutan) Derecognition (continued)
Apabila Kelompok Usaha telah mengalihkan When the Group has transferred its right
hak untuk menerima arus kas yang berasal to receive cash flows from an asset or has
dari aset keuangan atau mengadakan entered in to “pass-through” arrangement,
kesepakatan penyerahan dan tidak has neither transferred nor retained
mengalihkan maupun memiliki secara substantially all risk and rewards of the
substansial seluruh risiko dan manfaat atas asset nor transferred control of the asset,
aset keuangan tersebut dan juga tidak the asset is recognized to the extent of the
mengalihkan pengendalian atas aset Group’s continuing involvement in the
keuangan tersebut, maka suatu aset asset. In that case, the Group also
keuangan baru diakui oleh Kelompok Usaha recognizes an associated liability. The
sebesar keterlibatannya yang berkelanjutan transferred asset and the associated
dengan aset keuangan tersebut. Dalam hal liability are measured on a basis that
itu, Kelompok Usaha juga mengakui reflects the rights and obligations that the
liabilitas terkait. Aset alihan beserta liabilitas Group has retained.
terkait diukur dengan dasar yang
merefleksikan hak dan kewajiban yang
dimiliki Kelompok Usaha.
Keterlibatan berkelanjutan yang berbentuk Continuing involvement that takes the
pemberian jaminan atas aset alihan diukur form of a guarantee over the transferred
sebesar jumlah yang lebih rendah antara asset is measured at the lower of the
jumlah aset alihan dan jumlah maksimal original carrying amount of the asset and
imbalan yang mungkin harus dibayar the maximum amount of consideration
kembali oleh Kelompok Usaha. received that the Group could be required
to repay.
Penurunan nilai aset keuangan Impairment of financial asset
Kelompok Usaha mengakui penyisihan The Group recognizes an allowance for
untuk Kerugian Kredit Ekspektasian (“KKE”) Expected Credit Losses (“ECL”) for all
untuk seluruh instrumen utang yang tidak debt instruments not held at fair value
dimiliki pada nilai wajar melalui laba rugi. through profit or loss. ECL are based on
KKE didasarkan pada selisih antara arus the difference between the contractual
kas kontraktual yang jatuh tempo sesuai cash flows due in accordance with the
dengan kontrak dan seluruh arus kas yang contract and all the cash flows that the
diperkirakan akan diterima Kelompok Group expects to receive, discounted at
Usaha, didiskontokan dengan SBE awal. an approximation of the original EIR. The
Arus kas ekspektasian akan mencakup arus expected cash flows will include cash
kas dari penjualan agunan atau perbaikan flows from the sale of collateral held or
risiko-kredit lain yang merupakan bagian other credit enhancements that are
dari persyaratan kontraktual. integral to the contractual terms.
48
Laporan Tahunan 2023
Page 333
The original consolidated financial statements included herein 337
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial asset (continued)
KKE diakui dalam dua tahap. Untuk ECLs are recognized in two stages. For
eksposur kredit yang belum ada credit exposures for which there has not
peningkatan risiko kredit yang signifikan been a significant increase in credit risk
sejak pengakuan awal, KKE dilakukan untuk since initial recognition, ECL are provided
kerugian kredit yang diakibatkan oleh for credit losses that result from default
peristiwa gagal bayar yang mungkin terjadi events that are possible within the next
dalam 12 bulan ke depan (KKE 12 bulan). 12-months (a 12-month ECL). For those
Untuk eksposur kredit yang telah terjadi credit exposures for which there has been
peningkatan risiko kredit yang signifikan a significant increase in credit risk since
sejak pengakuan awal, penyisihan kerugian initial recognition, a loss allowance is
dilakukan untuk kerugian kredit yang required for credit losses expected over
diperkirakan selama sisa umur eksposur, the remaining life of the exposure,
terlepas dari waktu gagal bayar (KKE irrespective of the timing of the default (a
sepanjang umur). lifetime ECL).
Untuk piutang usaha, Kelompok Usaha For trade receivables, the Group applies
menerapkan pendekatan yang a simplified approach in calculating ECL.
disederhanakan dalam menghitung KKE. Therefore, the Group does not track
Oleh karena itu, Kelompok Usaha tidak changes in credit risk, but instead
menelusuri perubahan dalam risiko kredit, recognizes a loss allowance based on
tetapi mengakui penyisihan kerugian lifetime ECLs at each reporting date. The
berdasarkan KKE sepanjang umur pada Group has established a provision matrix
setiap tanggal pelaporan. Kelompok Usaha that is based on its historical credit loss
telah menyusun matriks provisi berdasarkan experience, adjusted for forward-looking
pengalaman kerugian kredit historisnya, factors specific to the debtors and the
disesuaikan dengan faktor-faktor perkiraan economic environment.
masa depan yang spesifik bagi debitur dan
lingkungan ekonomi.
Kelompok Usaha menganggap aset The Group considers a financial asset in
keuangan gagal bayar ketika pembayaran default when contractual payments are 90
kontraktual telah lewat 90 hari. Namun, days past due. However, in certain cases,
dalam kasus tertentu, Kelompok Usaha juga the Group may also consider a financial
dapat mempertimbangkan aset keuangan asset to be in default when internal or
mengalami gagal bayar ketika informasi external information indicates that the
internal atau eksternal menunjukkan bahwa Group is unlikely to receive the
Kelompok Usaha tidak mungkin menerima outstanding contractual amounts in full
jumlah kontraktual yang terutang secara before taking into account any credit
penuh sebelum memperhitungkan setiap enhancements held by the Group. A
perbaikan risiko-kredit yang dimiliki oleh financial asset is written off when there is
Kelompok Usaha. Aset keuangan no reasonable expectation of recovering
dihapuskan jika tidak ada ekspektasi yang the contractual cash flows.
wajar untuk memulihkan arus kas
kontraktual.
49
www.akr.co.id
Page 334
338 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas keuangan ii. Financial liabilities
Pengakuan dan pengukuran awal Initial recognition and measurement
Liabilitas keuangan diklasifikasikan sebagai Financial liabilities are classified as
liabilitas keuangan yang diukur pada nilai financial liabilities at fair value through
wajar melalui laba rugi dan liabilitas profit or loss and other financial liabilities.
keuangan lainnya. Kelompok Usaha The Group determines the classification
menetapkan klasifikasi atas liabilitas of its financial liabilities at intial
keuangan pada saat pengakuan awal. recognition.
Liabilitas keuangan pada awalnya diukur Financial liabilities are recognized initially
pada nilai wajar dan, dalam hal pinjaman at fair value and, in the case of loans and
dan hutang, ditambah biaya transaksi yang borrowings, inclusive of directly
dapat diatribusikan secara langsung. attributable transaction costs.
Liabilitas keuangan Kelompok Usaha The Group’s financial liabilities include
meliputi hutang usaha dan hutang lain-lain, trade and other payables, accrued
akrual dan liabilitas sewa. expenses and lease liabilities.
Pengukuran setelah pengakuan awal Subsequent measurement
Pengukuran liabilitas keuangan tergantung The measurement of a financial liability
pada klasifikasinya. Semua liabilitas depends on its classification. All of the
keuangan Kelompok Usaha diklasifikasikan Group’s financial liabilities are classified
sebagai pinjaman dan hutang. as loans and borrowings.
Setelah pengakuan awal, pinjaman dan After initial recognition, interest-bearing
utang yang dikenakan bunga selanjutnya loans and borrowings are subsequently
diukur pada biaya perolehan diamortisasi measured at amortized cost using the EIR
dengan menggunakan metode SBE. method.
Keuntungan atau kerugian diakui dalam Gains or losses are recognized in profit or
laba rugi ketika liabilitas keuangan loss when the financial liabilities are
dihentikan pengakuannya serta melalui derecognized as well as through the
proses amortisasi menggunakan metode amortization process using the EIR
SBE. method.
Biaya perolehan diamortisasi dihitung Amortized cost is calculated by taking into
dengan mempertimbangkan diskonto atau account any discount or premium on
premi atas akuisisi dan biaya atau biaya acquisition and fees or costs that are an
yang merupakan bagian tidak terpisahkan integral part of the EIR. The EIR
dari SBE. Amortisasi SBE dicatat sebagai amortization is included as finance costs
biaya keuangan dalam laporan laba rugi dan in the consolidated statement of profit or
penghasilan komprehensif lain loss and other comprehensive income.
konsolidasian.
50
Laporan Tahunan 2023
Page 335
The original consolidated financial statements included herein 339
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Instrumen Keuangan (lanjutan) s. Financial Instruments (continued)
ii. Liabilitas keuangan (lanjutan) ii. Financial liabilities (continued)
Penghentian pengakuan Derecognition
Liabilitas keuangan dihentikan A financial liability is derecognized when
pengakuannya ketika liabilitas yang the obligation under the liability is
ditetapkan dalam kontrak dihentikan atau discharged or cancelled or has expired.
dibatalkan atau kedaluwarsa.
iii. Saling hapus instrumen keuangan iii. Offsetting financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
disalinghapuskan dan jumlah netonya and the net amount is reported in the
dilaporkan pada laporan posisi keuangan statement of financial position when there
ketika terdapat hak yang berkekuatan is a legally enforceable right to offset the
hukum untuk melakukan saling hapus atas recognized amounts and there is an
jumlah yang telah diakui tersebut dan intention to settle on a net basis, or realise
adanya niat untuk menyelesaikan secara the asset and settle the liability
neto, atau untuk merealisasikan aset dan simultaneously.
menyelesaikan liabilitas secara bersamaan.
t. Penurunan Nilai Aset Non-Keuangan t. Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan, Kelompok The Group assesses at each annual reporting
Usaha menilai apakah terdapat indikasi suatu period whether there is an indication that an
aset mengalami penurunan nilai. Jika terdapat asset may be impaired. If any such indication
indikasi tersebut atau pada saat pengujian exists, or when annual impairment testing for
secara tahunan penurunan nilai aset (yaitu aset an asset (i.e. an intangible asset with an
tidak berwujud dengan umur manfaat tidak indefinite useful life, an intangible asset not yet
terbatas, aset tidak berwujud yang belum dapat available for use or goodwill acquired in a
digunakan atau goodwill yang diperoleh dalam business combination) is required, the Group
suatu kombinasi bisnis) diperlukan, maka makes an estimate of the asset’s recoverable
Kelompok Usaha membuat estimasi jumlah amount.
terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher
individual adalah jumlah yang lebih tinggi antara of an asset’s or CGU’s fair value less costs to
nilai wajar aset atau UPK dikurangi biaya untuk sell and its value in use, and is determined for
menjual dengan nilai pakainya, kecuali aset an individual asset, unless the asset does not
tersebut tidak menghasilkan arus kas masuk generate cash inflows that are largely
yang sebagian besar independen dari aset atau independent of those from other assets or
kelompok aset lain. Jika nilai tercatat aset atau groups of assets. Where the carrying amount
UPK lebih besar daripada jumlah of an asset or CGU exceeds its recoverable
terpulihkannya, maka aset tersebut amount, the asset is considered impaired and
dipertimbangkan mengalami penurunan nilai is written down to its recoverable amount.
dan nilai tercatat aset diturunkan menjadi
sebesar jumlah terpulihkannya.
Kelompok Usaha mendasarkan perhitungan The Group bases its impairment calculation
penurunan nilai pada rincian perhitungan on detailed budgets and forecast calculations
anggaran atau prakiraan yang disusun secara which are prepared separately for each of the
terpisah untuk masing-masing UPK Kelompok Group’s CGUs to which the individual assets
Usaha atas aset individual yang dialokasikan. are allocated.
51
www.akr.co.id
Page 336
340 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Penurunan Nilai Aset Non-Keuangan t. Impairment of Non-Financial Assets
(lanjutan) (continued)
Perhitungan anggaran dan prakiraan ini secara These budgets and forecast calculations are
umum mencakup periode selama lima atau generally covering a period of five or ten years
sepuluh tahun sesuai dengan stabilitas arus kas in accordance with the stability of each
perkebunan terkait. Setelah periode yang estate’s cash flows. Beyond the forecasted
dianggarkan proyeksi arus kas diestimasi dengan period, the estimated cash flows are
melakukan ekstrapolasi proyeksi yang determined by extrapolating the forecasted
dianggarkan dengan menggunakan tingkat cash flows using a steady long term growth
pertumbuhan jangka panjang yang tetap. rate.
Dalam menghitung nilai pakai, estimasi arus kas In assessing the value in use, the estimated
masa depan neto didiskontokan ke nilai kini net future cash flows are discounted to their
dengan menggunakan tingkat diskonto sebelum present value using a pre-tax discount rate
pajak yang menggambarkan penilaian pasar kini that reflects current market assessments of
dari nilai waktu uang dan risiko spesifik atas aset. the time value of money and the risks specific
Dalam menentukan nilai wajar dikurangi biaya to the asset. In determining fair value less
untuk menjual, digunakan harga penawaran costs to sell, recent market transactions are
pasar terakhir, jika tersedia. Jika tidak terdapat taken into account, if available. If no such
transaksi tersebut, Kelompok Usaha transactions can be identified, an appropriate
menggunakan model penilaian yang sesuai untuk valuation model is used to determine the fair
menentukan nilai wajar aset. Perhitungan- value of the assets. These calculations are
perhitungan ini dikuatkan oleh penilaian corroborated by valuation multiples or other
berganda atau indikator nilai wajar yang tersedia. available fair value indicators.
Kerugian penurunan nilai dari operasi yang Impairment losses of continuing operation, if
berkelanjutan, jika ada, diakui sebagai laba rugi any, are recognized as profit or loss under
sesuai dengan kategori biaya yang konsisten expense categories that are consistent with
dengan fungsi dari aset yang diturunkan nilainya. the functions of the impaired assets.
Untuk aset selain goodwill, penilaian dilakukan For assets excluding goodwill, an assessment
pada akhir setiap tanggal pelaporan apakah is made at each reporting date as to whether
terdapat indikasi bahwa rugi penurunan nilai there is any indication that previously
yang telah diakui dalam tahun sebelumnya recognized impairment losses may no longer
mungkin tidak ada lagi atau mungkin telah exist or may have decreased. If such
menurun. Jika indikasi dimaksud ditemukan, indication exists, the asset’s or CGU’s
maka entitas mengestimasi jumlah terpulihkan recoverable amount is estimated. A
aset atau UPK tersebut. Kerugian penurunan previously recognized impairment loss for an
nilai yang telah diakui dalam periode asset is reversed only if there has been a
sebelumnya untuk aset dibalik hanya jika change in the assumptions used to determine
terdapat perubahan asumsi-asumsi yang the asset’s recoverable amount since the last
digunakan untuk menentukan jumlah terpulihkan impairment loss was recognized. If that is the
aset tersebut sejak rugi penurunan nilai terakhir case, the carrying amount of the asset is
diakui. Dalam hal ini, jumlah tercatat aset increased to its recoverable amount. The
dinaikkan ke jumlah terpulihkannya. Pembalikan reversal is limited so that the carrying amount
tersebut dibatasi sehingga jumlah tercatat aset of the assets does not exceed its recoverable
tidak melebihi jumlah terpulihkannya maupun amount nor exceed the carrying amount that
jumlah tercatat, neto setelah penyusutan, would have been determined, net of
seandainya tidak ada rugi penurunan nilai yang depreciation, had no impairment loss been
telah diakui untuk aset tersebut pada tahun recognized for the asset in prior years.
sebelumnya. Pembalikan rugi penurunan nilai Reversal of an impairment loss is recognized
diakui dalam laba rugi. in the profit and loss.
52
Laporan Tahunan 2023
Page 337
The original consolidated financial statements included herein 341
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Penurunan Nilai Aset Non-Keuangan t. Impairment of Non-Financial Assets
(lanjutan) (continued)
Setelah pembalikan tersebut, penyusutan aset After such a reversal, the depreciation charge
tersebut disesuaikan di periode mendatang on the said asset is adjusted in future periods
untuk mengalokasikan jumlah tercatat aset yang to allocate the asset’s revised carrying
direvisi, dikurangi nilai sisanya, dengan dasar amount, less any residual value, on a
yang sistematis selama sisa umur manfaatnya. systematic basis over its remaining useful life.
u. Laba per Saham u. Earnings per Share
Laba per saham dihitung berdasarkan rata-rata Earnings per share is computed based on the
tertimbang jumlah saham yang beredar selama weighted average number of issued and fully
periode yang bersangkutan. paid shares during the period.
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding dilutive
saham biasa yang bersifat dilutif pada tanggal potential ordinary shares as of December 31,
31 Desember 2023. 2023.
v. Informasi Segmen v. Segment Information
Untuk tujuan manajemen, Kelompok Usaha For management purposes, the Group is
dibagi menjadi empat (4) segmen operasi utama organized into four (4) main operating
berdasarkan produk dan jasa yang dikelola segments based on their products and
secara independen oleh masing-masing services which are independently managed by
pengelola segmen yang bertanggung jawab atas the respective segment managers for the
kinerja dari masing-masing segmen. Para performance of the respective segments
pengelola segmen melaporkan secara langsung under their charge. The segment managers
kepada manajemen yang secara teratur report directly to the management who
mengkaji laba segmen sebagai dasar untuk regularly review the segment results in order
mengalokasikan sumber daya ke masing-masing to allocate resources to the segments and to
segmen dan untuk menilai kinerja segmen. assess the segment performance. Additional
Pengungkapan tambahan pada masing-masing disclosures on each of these segments are
segmen terdapat dalam Catatan 33, termasuk shown in Note 33, including the factors used
faktor yang digunakan untuk mengidentifikasi to identify the reportable segments and the
segmen yang dilaporkan dan dasar pengukuran measurement basis of segment information.
informasi segmen.
Aset dan liabilitas yang digunakan bersama Assets and liabilities that relate jointly to one
dalam satu segmen atau lebih dialokasikan or more segments are allocated to their
kepada setiap segmen jika, dan hanya jika, respective segment, if and only if, their related
pendapatan dan beban yang terkait dengan aset revenues and expenses are also allocated to
tersebut juga dialokasikan kepada segmen- those segments.
segmen tersebut.
w. Pengukuran Nilai Wajar w. Fair Value Measurement
Nilai wajar dari aset atau liabilitas diukur dengan The fair value of an asset or a liability is
menggunakan asumsi yang akan digunakan measured using the assumptions that market
pelaku pasar ketika menentukan harga aset atau participants would use when pricing the asset
liabilitas tersebut, dengan asumsi bahwa pelaku or liability, assuming that market participants
pasar bertindak dalam kepentingan ekonomi act in their economic best interest.
terbaiknya.
53
www.akr.co.id
Page 338
342 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
w. Pengukuran Nilai Wajar (lanjutan) w. Fair Value Measurement (continued)
Pengukuran nilai wajar dari suatu aset non- A fair value measurement of a non-financial
keuangan memperhitungkan kemampuan asset takes into account a market participant's
pelaku pasar untuk menghasilkan manfaat ability to generate economic benefits by using
ekonomik dengan menggunakan aset dalam the asset in its highest and best use or by
penggunaan tertinggi dan terbaiknya atau selling it to another market participant that
dengan menjualnya kepada pelaku pasar lain would use the asset in its highest and best
yang akan menggunakan aset tersebut pada use.
penggunaan tertinggi dan terbaiknya.
Kelompok Usaha menggunakan teknik penilaian The Group uses valuation techniques that are
yang sesuai dengan keadaan dan data yang appropriate in the circumstances and for which
memadai tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair
dengan memaksimalkan masukan yang dapat value, maximizing the use of relevant
diamati (observable) yang relevan dan observable inputs and minimizing the use of
meminimalkan masukan yang tidak dapat unobservable inputs.
diamati (unobservable).
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the consolidated
keuangan konsolidasian dikategorikan dalam financial statements are categorised within the
hirarki nilai wajar berdasarkan level masukan fair value hierarchy, described as follows,
paling rendah yang signifikan terhadap based on the lowest level input that is
pengukuran nilai wajar secara keseluruhan significant to the fair value measurement as a
sebagai berikut: whole:
i) Level 1 - Harga kuotasian (tanpa i) Level 1 - Quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical
liabilitas yang identik yang dapat diakses assets or liabilities.
entitas pada tanggal pengukuran.
ii) Level 2 - Teknik penilaian yang ii) Level 2 - Valuation techniques for which
menggunakan tingkat masukan (input) yang the lowest level input that is significant to
paling rendah yang signifikan terhadap the fair value measurement is directly or
pengukuran nilai wajar yang dapat diamati indirectly observable.
(observable) baik secara langsung atau
tidak langsung.
iii) Level 3 - Teknik penilaian yang iii) Level 3 - Valuation techniques for which
menggunakan tingkat masukan (input) yang the lowest level input that is significant to
paling rendah yang signifikan terhadap the fair value measurement is
pengukuran nilai wajar yang tidak dapat unobservable directly or indirectly.
diamati (unobservable) baik secara
langsung atau tidak langsung.
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are recognized in
laporan keuangan konsolidasian secara the consolidated financial statements on a
berulang, Kelompok Usaha menentukan apakah recurring basis, the Group determines whether
terdapat perpindahan antara Level dalam hirarki transfers have occurred between Levels in the
dengan melakukan evaluasi ulang atas hierarchy by re-assessing categorisation
penetapan kategori (berdasarkan Level (based on the lowest level input that is
masukan (input) paling rendah yang signifikan significant to the fair value measurement as a
terhadap pengukuran nilai wajar secara whole) at the end of each reporting period.
keseluruhan) pada tiap akhir periode pelaporan.
54
Laporan Tahunan 2023
Page 339
The original consolidated financial statements included herein 343
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi x. Source of Estimation Uncertainty
Penyusunan laporan keuangan konsolidasian The preparation of the Group’s consolidated
Kelompok Usaha mengharuskan manajemen financial statements requires management to
untuk membuat pertimbangan, estimasi dan make judgments, estimates and assumptions
asumsi yang mempengaruhi jumlah yang that affect the reported amounts of revenues,
dilaporkan dari pendapatan, beban, aset dan expenses, assets and liabilities, and the
liabilitas, dan pengungkapan atas liabilitas disclosure of contingent liabilities, at the end of
kontinjensi, pada akhir periode pelaporan. the reporting period. Uncertainty about these
Ketidakpastian mengenai asumsi dan estimasi assumptions and estimates could result in
tersebut dapat mengakibatkan penyesuaian outcomes that require a material adjustment to
material terhadap nilai tercatat aset dan liabilitas the carrying amount of the asset and liability
dalam periode pelaporan berikutnya. affected in future periods.
Pertimbangan Judgment
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by
dalam rangka penerapan kebijakan akuntansi management in the process of applying the
Kelompok Usaha yang memiliki pengaruh paling Group’s accounting policies that have the
signifikan atas jumlah yang diakui dalam laporan most significant effects on the amounts
keuangan konsolidasian: recognized in the consolidated financial
statements:
Pajak Penghasilan Income Tax
Pertimbangan signifikan dilakukan dalam Uncertainties exist with respect to the
menentukan provisi atas pajak penghasilan interpretation of complex tax regulations,
badan. Terdapat transaksi dan perhitungan changes in tax laws, and the amount and
tertentu yang penentuan pajak akhirnya adalah timing of future taxable income, could
tidak pasti dalam kegiatan usaha normal. necessitate future adjustments to tax income
Kelompok Usaha mengakui liabilitas atas pajak and expense already recorded.
penghasilan badan berdasarkan estimasi
apakah akan terdapat tambahan pajak
penghasilan badan.
Pertimbangan signifikan dilakukan dalam Judgment is involved in determining the
menentukan provisi atas pajak penghasilan provision for corporate income tax. There are
badan. Terdapat transaksi dan perhitungan certain transactions and computation for which
tertentu yang penentuan pajak akhirnya adalah the ultimate tax determination is uncertain in
tidak pasti dalam kegiatan usaha normal. the ordinary course of business.
Kelompok Usaha mengakui liabilitas atas pajak The Group recognizes liabilities for expected
penghasilan badan berdasarkan estimasi corporate income tax issues based on
apakah akan terdapat tambahan pajak estimates of whether additional corporate
penghasilan badan. income tax will be due.
Tagihan dan Keberatan atas Hasil Pemeriksaan Claims for Tax Refund and Tax Assessments
Pajak Under Appeal
Berdasarkan peraturan perpajakan yang berlaku Based on the tax regulations currently
saat ini, manajemen mempertimbangkan apakah enacted, the management judged if the
jumlah yang tercatat dalam akun di atas dapat amounts recorded under the above account
dipulihkan dan dikembalikan oleh Kantor Pajak. are recoverable and refundable by the Tax
Penjelasan lebih lanjut atas akun ini Office. Further explanations regarding this
diungkapkan pada Catatan 27. account are provided in Note 27.
55
www.akr.co.id
Page 340
344 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Pertimbangan (lanjutan) Judgment (continued)
Tagihan dan Keberatan atas Hasil Pemeriksaan Claims for Tax Refund and Tax Assessments
Pajak (lanjutan) Under Appeal (continued)
Kelompok Usaha menentukan masa sewa The Group determines the lease term as the
sesuai masa sewa yang tidak dapat terbatalkan, non-cancellable term of the lease, together
ditambah dengan setiap periode yang dicakup with any periods covered by an option to
oleh opsi untuk memperpanjang sewa jika cukup extend the lease if it is reasonably certain to
pasti untuk mengeksekusi, atau setiap periode be exercised, or any periods covered by an
yang dicakup oleh opsi untuk menghentikan option to terminate the lease, if it is reasonably
sewa, jika cukup pasti untuk tidak mengeksekusi certain not to be exercised.
opsi tersebut.
Penentuan Mata Uang Fungsional Determination of Functional Currency
Mata uang fungsional dari setiap entitas dalam The functional currency of each entity in the
Kelompok Usaha adalah mata uang dari Group is the currency from the primary
lingkungan ekonomi utama di mana entitas economic environment where such entity
tersebut beroperasi. Mata uang tersebut adalah operates. Those currencies are the currencies
mata uang yang mempengaruhi pendapatan dan that influence the revenues and costs of each
biaya dari masing-masing entitas. Penentuan respective entity. The determination of
mata uang fungsional bisa membutuhkan functional currency may require judgment due
pertimbangan karena berbagai kompleksitas, to various complexity, among others, the entity
antara lain, suatu entitas dapat bertransaksi may transact in more than one currency in its
dalam lebih dari satu mata uang dalam aktivitas daily business activities.
usahanya sehari-hari.
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan ketidakpastian The key assumptions concerning the future
sumber estimasi utama yang lain pada tanggal and other key sources of estimation
pelaporan yang memiliki risiko signifikan bagi uncertainty at the reporting date that have a
penyesuaian yang material terhadap nilai significant risk of causing a material
tercatat aset dan liabilitas untuk tahun berikutnya adjustment to the carrying amounts of assets
diungkapkan di bawah ini. Kelompok Usaha and liabilities within the next financial year are
mendasarkan asumsi dan estimasi pada disclosed below. The Group based its
parameter yang tersedia pada saat laporan assumptions and estimates on parameters
keuangan konsolidasian disusun. Asumsi dan available when the consolidated financial
situasi mengenai perkembangan masa depan statements were prepared. Existing
mungkin berubah akibat perubahan pasar atau circumstances and assumptions about future
situasi di luar kendali Kelompok Usaha. developments may change due to market
Perubahan tersebut dicerminkan dalam asumsi changes or circumstances arising beyond the
terkait pada saat terjadinya. control of the Group. Such changes are
reflected in the assumptions when they occur.
56
Laporan Tahunan 2023
Page 341
The original consolidated financial statements included herein 345
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Provisi Kerugian Kredit Ekspektasian (KKE) atas Provision for Expected Credit Losses (ECL) of
Piutang Usaha Trade Receivable
Kelompok Usaha menetapkan estimasi The Group estimates impairment allowance
penyisihan penurunan nilai piutang usaha for trade receivables using simplified approach
menggunakan pendekatan yang of ECL. The Group mainly uses individual
disederhanakan dari KKE. Kelompok Usaha impairment assessment for various customers
terutama menggunakan penilaian penurunan in respect to provide allowance for ECL of
nilai secara individu untuk sejumlah pelanggan trade receivables at the reporting date. In
dalam melakukan pencadangan KKE atas general, in assessing the individual basis of
piutang usaha pada tanggal pelaporan. Secara impairment of trade receivables, management
umum, dalam menilai penurunan nilai secara exercised judgments to evaluate the
individu atas piutang usaha, manajemen collectability from individual customers after
menggunakan pertimbangan untuk taking into account their creditworthiness,
mengevaluasi kolektibilitas dari pelanggan whether they have financial difficulties,
secara individual dengan mempertimbangkan experience of default or delinquency in interest
kelayakan kredit pelanggan, kesulitan finansial or principal payments, the probability that they
yang dialami pelanggan, pengalaman gagal will enter bankruptcy and aging analysis, and
bayar atau tunggakan pembayaran bunga atau if applicable, the fair value of collateral
pokok, probabilitas pelanggan akan mengalami provided by customers. This involves
kebangkrutan dan analisis umur jatuh tempo, judgment as the allowance for ECL must
dan bila dapat diterapkan, nilai wajar jaminan reflect information about past events, current
yang diberikan oleh pelanggan. Hal ini conditions and forecasts of future conditions,
melibatkan pertimbangan bahwa cadangan KKE as well as the time value of money.
harus mencerminkan informasi peristiwa masa
lalu, masa kini, dan informasi yang bersifat
perkiraan masa depan, serta nilai waktu uang.
Kelompok Usaha juga menggunakan matriks The Group also uses a provision matrix to
provisi untuk menghitung KKE untuk piutang calculate ECLs for trade receivables. The
usaha. Tingkat provisi didasarkan pada hari provision rates are based on days past due for
lewat jatuh tempo untuk pengelompokan groupings of various customer segments that
berbagai segmen pelanggan yang memiliki pola have similar loss patterns (i.e., by geography,
kerugian yang serupa (yaitu, berdasarkan product type, customer type and rating, and
wilayah geografis, jenis produk, jenis dan coverage by letters of credit and other forms of
peringkat pelanggan, dan pertanggungan credit insurance).
berdasarkan surat kredit dan bentuk asuransi
kredit lainnya).
57
www.akr.co.id
Page 342
346 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Provisi Kerugian Kredit Ekspektasian (KKE) atas Provision for Expected Credit Losses (ECL) of
Piutang Usaha (lanjutan) Trade Receivable (continued)
Matriks provisi pada awalnya didasarkan pada The provision matrix is initially based on the
tingkat gagal bayar Kelompok Usaha yang Group’s historical observed default rates. The
diamati secara historis. Kelompok Usaha akan Group will calibrate the matrix to adjust the
mengkalibrasi matriks untuk menyesuaikan historical credit loss experience with forward-
pengalaman kerugian kredit historis dengan looking information. For instance, if forecast
informasi yang bersifat perkiraan masa depan economic conditions (i.e., inflation rate, foreign
(forward-looking). Misalnya, jika perkiraan exchange rate, global oil price, comodity price)
kondisi ekonomi (yaitu, tingkat inflasi, perubahan are expected to deteriorate over the next year
selisih kurs, harga minyak dunia, harga which can lead to an increased number of
komoditas) diekspektasikan akan memburuk defaults in the industrial sector, the historical
pada tahun berikutnya yang dapat menyebabkan default rates are adjusted. At every reporting
peningkatan jumlah gagal bayar di sektor date, the historical observed default rates are
industri, tingkat gagal bayar historis disesuaikan. updated and changes in the forward-looking
Pada setiap tanggal pelaporan, tingkat gagal estimates are analyzed.
bayar yang diamati secara historis diperbarui
dan perubahan dalam estimasi perkiraan masa
depan dianalisis.
Penilaian korelasi antara tingkat default yang The assessment of the correlation between
diamati secara historis, prakiraan kondisi historical observed default rates, forecast
ekonomi, dan KKE adalah estimasi yang economic conditions and ECLs is a significant
signifikan. Jumlah KKE sensitif terhadap estimate. The amount of ECLs is sensitive to
perubahan keadaan dari informasi pelanggan changes in circumstances of customer
dan prakiraan kondisi ekonomi. Pengalaman information and of forecast economic
kerugian kredit historis Kelompok Usaha dan conditions. The Group’s historical credit loss
perkiraan kondisi ekonomi mungkin juga tidak experience and forecast of economic
mewakili gagal bayar pelanggan yang conditions may also not be representative of
sebenarnya di masa depan. Informasi tentang customer’s actual default in the future. The
KKE pada piutang usaha Kelompok Usaha information about the ECLs on the Group’s
diungkapkan dalam Catatan 5. trade receivables is disclosed in Note 5.
Sewa Leases
Kelompok Usaha tidak dapat dengan mudah The Group can not readily determine the
menentukan tingkat bunga implisit dalam sewa, implicit interest rate in the lease, therefore, the
oleh karena itu Kelompok Usaha menggunakan Group uses the Incremental Borrowing Rate
suku bunga pinjaman tambahan (IBR) untuk (IBR) to measure lease liabilities. There are
mengukur liabilitas sewa. Ada sejumlah faktor number factors to consider in determining an
yang perlu dipertimbangkan dalam menentukan incremental borrowing rate. The Group
IBR. Kelompok Usaha mempertimbangkan considers the following main factors: the
faktor-faktor utama berikut: risiko kredit Company’s corporate credit risk, the lease
perusahaan, jangka waktu sewa, jangka waktu term, the lease payment term, the time at
pembayaran sewa, waktu di mana sewa which the lease is entered into, and the
dimasukkan, dan mata uang di mana currency in which the lease payments are
pembayaran sewa dalam denominasi. denominated.
58
Laporan Tahunan 2023
Page 343
The original consolidated financial statements included herein 347
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Sewa (lanjutan) Leases (continued)
Dalam menentukan tingkat pinjaman tambahan, In determining incremental borrowing rate, the
Perusahaan mempertimbangkan faktor-faktor Company considers the following main
utama berikut: risiko kredit perusahaan, jangka factors: the Company’s corporate credit risk,
waktu sewa, jangka waktu pembayaran sewa, the lease term, the lease payment term, the
waktu di mana sewa dimasukkan, dan mata uang time at which the lease is entered into, and the
di mana pembayaran sewa dalam denominasi. currency in which the lease payments are
denominated.
Dalam menentukan jangka waktu sewa, In determining the lease term, the Company
Perusahaan mempertimbangkan semua fakta considers all facts and circumstances that
dan keadaan yang menciptakan insentif ekonomi create an economic incentive to exercise an
untuk menggunakan opsi perpanjangan, atau extension option, or not exercise a termination
tidak menggunakan opsi terminasi. Opsi option. Extension options (or periods after
perpanjangan (atau periode setelah opsi termination options) are only included in the
pemutusan hubungan kerja) hanya termasuk lease term if the lease is reasonably certain to
dalam jangka waktu sewa jika sewa tersebut be extended (or not terminated).
dipastikan akan diperpanjang (atau tidak
dihentikan).
Pensiun dan Imbalan Kerja Pension and Employee Benefits
Pengukuran liabilitas imbalan kerja Kelompok The measurement of the Group’ employee
Usaha bergantung pada pemilihan asumsi yang benefits liability is dependent on its selection
digunakan oleh aktuaris independen dalam of certain assumptions used by the
menghitung jumlah-jumlah tersebut. Asumsi independent actuaries in calculating such
tersebut termasuk antara lain, tingkat diskonto, amounts. Those assumptions include among
tingkat kenaikan gaji tahunan, tingkat others, discount rates, future annual salary
pengunduran diri karyawan tahunan, tingkat increase, annual employee turn-over rate,
kecacatan, umur pensiun dan tingkat kematian. disability rate, retirement age and mortality
Keuntungan atau kerugian aktuarial yang timbul rate. Actuarial gains or losses arising from
dari penyesuaian dan perubahan dalam asumsi- experience adjustments and changes in
asumsi aktuarial diakui secara langsung pada actuarial assumptions are recognized
laporan posisi keuangan konsolidasian dengan immediately in the consolidated statement of
debit atau kredit ke saldo laba melalui PKL dalam financial position with a corresponding debit or
periode terjadinya. credit to retained earnings through OCI the the
period in which they occur.
Sementara Kelompok Usaha berkeyakinan While the Group believes that its assumptions
bahwa asumsi tersebut adalah wajar dan sesuai, are reasonable and appropriate, significant
perbedaan signifikan pada hasil aktual atau differences in the Group’s actual experiences
perubahan signifikan dalam asumsi yang or significant changes in the Group’s
ditetapkan Kelompok Usaha dapat assumptions may materially affect its
mempengaruhi secara material liabilitas estimated liabilities for pension and employee
diestimasi atas pensiun dan imbalan kerja dan benefits and net employee benefits expense.
beban imbalan kerja neto.
59
www.akr.co.id
Page 344
348 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Pensiun dan Imbalan Kerja (lanjutan) Pension and Employee Benefits (continued)
Nilai tercatat atas estimasi liabilitas imbalan kerja The carrying amounts of the Group’s
Kelompok Usaha pada tanggal-tanggal estimated employee benefits liabilities at
pelaporan diungkapkan dalam Catatan 29. reporting dates are disclosed in Note 29.
Penyusutan Aset Tetap Depreciation of Property, Plant and Equipment
(PPE)
Biaya perolehan aset tetap disusutkan dengan The costs of PPE are depreciated on a
menggunakan metode garis lurus berdasarkan straight-line method over their estimated
estimasi masa manfaat ekonomisnya, kecuali useful lives, except for landrights which is not
hak atas tanah tidak diamortisasi. Manajemen amortized. Management estimates the useful
mengestimasi masa manfaat ekonomis aset lives of these PPE to be within 2 to 45 years.
tetap antara 2 sampai dengan 45 tahun. Umur These are common life expectancies applied
masa manfaat ini adalah umur yang secara in the industries where the Group conducts its
umum diharapkan dalam industri di mana businesses. Changes in the expected level of
Kelompok Usaha menjalankan bisnisnya. usage and technological development could
Perubahan tingkat pemakaian dan impact the economic useful lives and the
perkembangan teknologi dapat mempengaruhi residual values of these assets and therefore
masa manfaat ekonomis dan nilai sisa aset, dan future depreciation charges could be revised.
karenanya biaya penyusutan masa depan The net carrying amounts of the Group’s PPE
mungkin direvisi. Nilai tercatat neto atas aset at reporting dates are disclosed in Note 10.
tetap Kelompok Usaha pada tanggal-tanggal
pelaporan diungkapkan dalam Catatan 10.
Penurunan Nilai Aset Non-Keuangan Impairment of Non-Financial Assets
Penurunan nilai terjadi pada saat nilai tercatat An impairment exists when the carrying value
aset atau UPK melebihi jumlah terpulihkannya, of an asset or CGU exceeds its recoverable
yaitu yang lebih tinggi antara nilai wajar dikurangi amount, which is the higher of its fair value
biaya untuk menjual dan nilai pakainya. Nilai less costs to sell and its value in use. The fair
wajar dikurangi biaya untuk menjual dan nilai value less costs to sell and the value in use
pakai diestimasi berdasarkan arus kas masa are estimated based on the net future cash
depan neto yang didiskontokan ke nilai kini flows discounted to their present values using
dengan menggunakan tingkat diskonto sebelum a pre-tax discount rate that reflects current
pajak yang menggambarkan penilaian pasar kini market assessments of the time value of
dari nilai waktu uang dan risiko spesifik atas UPK money and the specific risks to the related
terkait. CGU.
Nilai terpulihkan paling sensitif terhadap tingkat The recoverable amount is most sensitive to
diskonto yang digunakan untuk model arus kas the discount rate used for the discounted cash
yang didiskontokan seperti halnya dengan arus flow model as well as the expected future
kas masuk masa depan yang diharapkan dan cash inflows and the growth rate used for
tingkat pertumbuhan yang digunakan untuk extrapolation purposes. The management
tujuan ekstrapolasi. Manajemen berkeyakinan believes that no impairment loss is required at
bahwa tidak diperlukan pencatatan kerugian reporting dates.
penurunan nilai pada tanggal-tanggal pelaporan.
60
Laporan Tahunan 2023
Page 345
The original consolidated financial statements included herein 349
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Ketidakpastian Sumber Estimasi (lanjutan) x. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Aset Pajak Tangguhan Deferred Tax Assets
Aset pajak tangguhan diakui atas seluruh rugi Deferred tax assets are recognized for all
fiskal yang belum digunakan sepanjang besar unused tax losses to the extent that it is
kemungkinannya bahwa penghasilan kena pajak probable that taxable profit will be available
akan tersedia, sehingga rugi fiskal tersebut dapat against which the tax losses can be utilized.
digunakan. Estimasi signifikan oleh manajemen Significant management estimates are
diharuskan dalam menentukan jumlah aset pajak required to determine the amount of deferred
tangguhan yang dapat diakui berdasarkan saat tax assets that can be recognized based upon
penggunaan dan tingkat penghasilan kena pajak the likely timing and the level of future taxable
serta strategi perencanaan pajak masa depan. profits together with future tax planning
strategies.
Penyisihan Penurunan Nilai Pasar dan Allowance for Decline in Market Values and
Keusangan Persediaan Obsolescence of Inventories
Penyisihan nilai realisasi neto persediaan Allowance for net realizable value of
diestimasi berdasarkan fakta dan situasi yang inventories is estimated based on the best
tersedia, termasuk namun tidak terbatas kepada, available facts and circumstances, including
kondisi fisik persediaan yang dimiliki, harga jual but not limited to, the inventories’ own physical
pasar, estimasi biaya penyelesaian dan estimasi conditions, their market selling prices,
biaya yang timbul untuk penjualan. Penyisihan estimated costs of completion and estimated
dievaluasi kembali dan disesuaikan jika terdapat costs to be incurred for their sales. The
tambahan informasi yang mempengaruhi jumlah allowance is re-evaluated and adjusted as
yang diestimasi. Nilai tercatat persediaan additional information received affects the
Kelompok Usaha sebelum penyisihan nilai amount estimated. The carrying amount of the
realisasi neto diungkapkan dalam Catatan 6. Group’s inventories before allowance for net
realizable value are disclosed in Note 6.
y. Perubahan kebijakan akuntansi y. Changes in accounting principles
Kelompok Usaha menerapkan pertama kali The Group made first time adoption of all the
seluruh standar baru dan/atau yang direvisi new and/or revised standards effective for the
yang berlaku efektif untuk periode yang berlaku periods beginning on or after January 1, 2023,
pada atau setelah 1 Januari 2023, termasuk including the following revised standards that
standar yang direvisi berikut ini yang have affected the consolidated financial
mempengaruhi laporan keuangan statements of the Group:
konsolidasian Kelompok Usaha:
Amandemen PSAK 1: Penyajian laporan Amendment of PSAK 1: Presentation of
keuangan - Pengungkapan Kebijakan financial statement - Disclosure of
Akuntansi accounting policies
Amandemen ini memberikan panduan untuk This amendments provide guidance to help
membantu entitas menerapkan pertimbangan entities apply materiality judgements to
materialitas dalam pengungkapan kebijakan accounting policy disclosures. The
akuntansi. Amandemen tersebut bertujuan untuk amendments aim to help entities provide
membantu entitas menyediakan pengungkapan accounting policy disclosures that are more
kebijakan akuntansi yang lebih berguna dengan useful by replacing the requirement for entities
mengganti persyaratan dalam mengungkapkan to disclose their ‘significant’ accounting
kebijakan akuntansi 'signifikan' entitas menjadi policies with a requirement to disclose their
persyaratan untuk mengungkapkan kebijakan ‘material’ accounting policies and adding
akuntansi 'material' entitas dan menambahkan guidance on how entities apply the concept of
panduan tentang bagaimana entitas materiality in making decisions about
menerapkan konsep materialitas dalam accounting policy disclosures.
membuat keputusan tentang pengungkapan
kebijakan akuntansi.
61
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Page 346
350 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Perubahan kebijakan akuntansi (lanjutan) y. Changes in accounting principles
(continued)
Amandemen tersebut berdampak pada The amendments have had an impact on the
pengungkapan kebijakan akuntansi Kelompok Group’s disclosures of accounting policies, but
Usaha, namun tidak berdampak pada not on the measurement, recognition or
pengukuran, pengakuan atau penyajian item apa presentation of any items in the Group’s
pun dalam laporan keuangan konsolidasian consolidated financial statements.
Kelompok Usaha.
Amendemen PSAK 16: Aset Tetap - Hasil Amendments to PSAK 16: Fixed Assets -
sebelum Penggunaan yang Diintensikan Proceeds before Intended Use
Amandemen ini tidak memperbolehkan entitas The amendments prohibit entities to deduct
untuk mengurangi suatu hasil penjualan item from the cost of an item of fixed assets, any
yang diproduksi saat membawa aset tersebut ke proceeds from selling items produced while
lokasi dan kondisi yang diperlukan supaya aset bringing that asset to the location and condition
dapat beroperasi sesuai dengan intensi necessary for it to be capable of operating in
manajemen dari biaya perolehan suatu aset the manner intended by management. Instead,
tetap. Sebaliknya, entitas mengakui hasil an entity recognizes the proceeds from selling
penjualan item-item tersebut, dan biaya untuk such items, and the costs of producing those
memproduksi item-item tersebut, dalam laba items, in the profit or loss.
rugi.
Amandemen ini diterapkan secara retrospektif This amendment applied retrospectively to
untuk aset tetap yang tersedia untuk digunakan items of property, plant and equipment made
pada atau setelah awal dari periode sajian paling available for use on or after the beginning of
awal dimana entitas pertama kali menerapkan the earliest period presented when the entity
amandemen tersebut. first applies the amendment.
Amandemen ini tidak berdampak pada laporan These amendments had no impact on the
keuangan konsolidasian Kelompok Usaha consolidated financial statements of the Group
karena tidak ada penjualan atas item-item yang as there were no sales of such items produced
dihasilkan aset tetap yang menjadi tersedia by fixed assets made available for use on or
untuk digunakan pada atau setelah awal periode after the beginning of the earliest period
sajian paling awal. presented.
Amandemen PSAK 25: Kebijakan Akuntansi, Amendment of PSAK 25: Accounting
Perubahan Estimasi Akuntansi, dan Policies, Changes in Accounting Estimates
Kesalahan terkait Definisi Estimasi Akuntansi and Errors - Definition of Accounting
Estimates
Amandemen PSAK 25 memperjelas perbedaan The amendments to PSAK 25 clarify the
antara perubahan estimasi akuntansi, perubahan distinction between changes in accounting
kebijakan akuntansi dan koreksi kesalahan. estimates, changes in accounting policies and
Amandemen juga mengklarifikasi bagaimana the correction of errors. They also clarify how
entitas menggunakan teknik pengukuran dan entities use measurement techniques and
input untuk mengembangkan estimasi akuntansi. inputs to develop accounting estimates.
Amandemen ini tidak memiliki dampak terhadap The amendments had no impact on the
laporan keuangan konsolidasian Kelompok Group’s consolidated financial statements.
Usaha.
62
Laporan Tahunan 2023
Page 347
The original consolidated financial statements included herein 351
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Perubahan kebijakan akuntansi (lanjutan) y. Changes in accounting principles
(continued)
Amandemen PSAK 46: Pajak Penghasilan - Amendment of PSAK 46: Income Taxes -
Pajak Tangguhan Terkait Aset dan Liabilitas Deferred Tax related to Assets and
Yang Timbul Dari Transaksi Tunggal Liabilities arising from a Single
Transaction
Amandemen PSAK 46 Pajak Penghasilan The amendments to PSAK 46 Income Taxes
mempersempit ruang lingkup pengecualian narrow the scope of the initial recognition
pengakuan awal, sehingga tidak lagi berlaku exception, so that it no longer applies to
pada transaksi yang menimbulkan perbedaan transactions that give rise to equal taxable and
temporer dapat dikurangkan dalam jumlah yang deductible temporary differences such as
sama dan perbedaan temporer kena pajak dan leases and decommissioning liabilities.
seperti sewa dan liabilitas dekomisioning.
Amandemen ini tidak mempunyai dampak The amendments had no impact on the
terhadap laporan keuangan konsolidasian Group’s consolidated financial statements.
Kelompok Usaha.
z. Standar Akuntansi yang Telah Diterbitkan z. Accounting Standards Issued but Not Yet
Namun Belum Berlaku Efektif Effective
Standar akuntansi yang telah diterbitkan The accounting standards that have been
sampai tanggal penerbitan laporan keuangan issued up to the date of issuance of the
konsolidasian Kelompok Usaha namun belum Group’s consolidated financial statements, but
berlaku efektif diungkapkan berikut ini. not yet effective are disclosed below. The
Manajemen bermaksud untuk menerapkan management intends to adopt these standards
standar-standar tersebut yang dipertimbangkan that are considered relevant to the Group
relevan terhadap Kelompok Usaha pada saat when they become effective, and the impact to
efektif, dan dampaknya terhadap posisi dan the consolidated financial position and
kinerja keuangan konsolidasian Kelompok performance of the Group is still being
Usaha masih diestimasi pada tanggal 18 Maret estimated as of March 18, 2024:
2024:
Mulai efektif pada atau setelah tanggal 1 Effective beginning on or after January 1,
Januari 2024 2024
Pilar Standar Akuntansi Keuangan Financial Accounting Standards Pillars
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan guidelines for entities to apply the correct
standar akuntansi keuangan yang benar dalam financial accounting standards in preparing
menyusun laporan keuangan bertujuan umum. general purpose financial statements. There
Akan ada 4 (empat) standar akuntansi keuangan will be 4 (four) financial accounting standards
yang saat ini diterapkan di Indonesia, yaitu: that are currently applied in Indonesia,
namely:
1. Pilar 1 Standar Akuntansi Keuangan 1. Pillar 1 International Financial
Internasional, Accounting Standards,
2. Pilar 2 Standar Akuntansi Keuangan 2. Pillar 2 Indonesian Financial Accounting
Indonesia (PSAK), Standards (PSAK),
3. Pilar 3 Standar Akuntansi Keuangan 3. Pillar 3 Indonesian Financial Accounting
Indonesia untuk Entitas Swasta/Standar Standards for Private
Akuntansi Keuangan Indonesia untuk Entities/Indonesian Financial
Entitas Tanpa Akuntabilitas Publik, dan Accounting Standards for Entities
without Public Accountability, and
63
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Page 348
352 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
z. Standar Akuntansi yang Telah Diterbitkan z. Accounting Standards Issued but Not Yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Mulai efektif pada atau setelah tanggal 1 Effective beginning on or after January 1,
Januari 2024 (lanjutan) 2024 (continued)
Standar ini memberikan persyaratan dan These standards provides requirements and
pedoman bagi entitas untuk menerapkan guidelines for entities to apply the correct
standar akuntansi keuangan yang benar dalam financial accounting standards in preparing
menyusun laporan keuangan bertujuan umum. general purpose financial statements. There
Akan ada 4 (empat) standar akuntansi keuangan will be 4 (four) financial accounting standards
yang saat ini diterapkan di Indonesia, yaitu: that are currently applied in Indonesia,
(lanjutan) namely: (continued)
4. Pilar 4 Standar Akuntansi Keuangan 4. Pillar 4 Indonesian Financial Accounting
Indonesia untuk Entitas Mikro Kecil dan Standards for Micro Small and Medium
Menengah. Entities.
Nomenklatur Standar Akuntansi Keuangan Financial Accounting Standards Nomenclature
Standar ini ini mengatur penomoran baru untuk This standard regulates the new numbering
standar akuntansi keuangan yang berlaku di for financial accounting standards applicable
Indonesia yang diterbitkan oleh DSAK IAI. in Indonesia issued by DSAK IAI.
Amandemen PSAK 1: Liabilitas Jangka Panjang Amendment of PSAK 1: Non-current Liabilities
dengan Kovenan with Covenants
Amandemen ini menentukan persyaratan untuk The amendments specify the requirements for
mengklasifikasikan suatu liabilitas sebagai classifying liabilities as current or non-current
jangka pendek atau jangka panjang dan and clarify:
menjelaskan:
hal yang dimaksud sebagai hak untuk what is meant by a right to defer settlement
menangguhkan pelunasan, ,
hak untuk menangguhkan pelunasan harus the right to defer must exist at the end of
ada pada akhir periode pelaporan, the reporting period,
klasifikasi tersebut tidak dipengaruhi oleh classification is not affected by the
kemungkinan entitas akan menggunakan likelihood that an entity will exercise its
hakya untuk menangguhkan liabilitas, dan deferral right, and
hanya jika derivatif melekat pada liabilitas only if an embedded derivative in a
konversi tersebut adalah suatu instrumen convertible liability is an equity instrument
ekuitas, maka syarat dan ketentuan dari would the terms and conditions of a liability
suatu liabilitas konversi tidak akan will not impact its classification.
berdampak pada klasifikasinya.
Selain itu, persyaratan telah diperkenalkan untuk In addition, a requirement has been introduced
mewajibkan pengungkapan ketika suatu to require disclosure when a liability arising
kewajiban timbul dari pinjaman perjanjian from a loan agreement is classified as non-
diklasifikasikan sebagai tidak lancar dan hak current and the entity’s right to defer settlement
entitas untuk menunda penyelesaian bergantung is contingent on compliance with future
pada kepatuhan terhadap persyaratan di masa covenants within twelve months.
depan dalam waktu dua belas bulan.
64
Laporan Tahunan 2023
Page 349
The original consolidated financial statements included herein 353
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
z. Standar Akuntansi yang Telah Diterbitkan z. Accounting Standards Issued but Not Yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Mulai efektif pada atau setelah tanggal 1 Effective beginning on or after January 1,
Januari 2024 (lanjutan) 2024 (continued)
Amandemen PSAK 1: Liabilitas Jangka Panjang Amendment of PSAK 1: Non-current Liabilities
dengan Kovenan (lanjutan) with Covenants (continued)
Amendemen tersebut berlaku efektif untuk The amendments are effective for annual
periode pelaporan tahunan yang dimulai pada reporting periods beginning on or after January
atau setelah 1 Januari 2024 secara retrospektif 1, 2024 retrospectively with early adoption
dengan penerapan dini diperkenankan. permitted.
Kelompok Usaha saat ini sedang menilai dampak The Group is currently assessing the impact of
dari amandemen tersebut untuk menentukan the amendment to determine the impact they
dampaknya terhadap pelaporan keuangan will have on the Group’s financial reporting.
Kelompok Usaha.
Amandemen PSAK 73: Liabilitas Sewa dalam Amendment to PSAK 73: Lease Liability in a
Jual Beli dan Sewa-balik Sale and Leaseback
Amandemen PSAK 73 Sewa menetapkan The amendment to PSAK 73 Leases specifies
persyaratan yang digunakan penjual-penyewa the requirements that a seller-lessee uses in
dalam mengukur kewajiban sewa yang timbul measuring the lease liability arising in a sale
dalam transaksi jual beli dan sewa-balik, untuk and leaseback transaction, to ensure the
memastikan penjual-penyewa tidak mengakui seller-lessee does not recognize any amount
jumlah setiap keuntungan atau kerugian yang of the gain or loss that relates to the right of
terkait dengan hak guna yang dipertahankan. use it retains.
Amandemen berlaku secara retrospektif untuk The amendment applies retrospectively to
periode pelaporan tahunan yang dimulai pada annual reporting periods beginning on or after
atau setelah 1 Januari 2024. Penerapan dini January 1, 2024. Earlier application is
diperkenankan. Penerapan dini diperkenankan. permitted. The Group is currently assessing
Kelompok Usaha saat ini sedang menilai the impact of the amendment to determine the
dampak dari amandemen tersebut untuk impact they will have on the Group’s financial
menentukan dampaknya terhadap pelaporan reporting.
keuangan Kelompok Usaha.
Amandemen PSAK 2 dan PSAK 60: Pengaturan Amendment of PSAK 2 and PSAK 60: Supplier
Pembiayaan Pemasok Finance Arrangements
Amandemen PSAK 2 dan PSAK 60 The amendments to PSAK 2 and PSAK 60
mengklarifikasi karakteristik pengaturan clarify the characteristics of supplier finance
pembiayaan pemasok dan mensyaratkan arrangements and require additional
pengungkapan tambahan atas pengaturan disclosure of such arrangements. The
pembiayaan pemasok tersebut. Persyaratan disclosure requirements in the amendments
pengungkapan dalam amandemen ini are intended to assist users of financial
dimaksudkan untuk membantu pengguna statements in understanding the effects of
laporan keuangan dalam memahami dampak supplier finance arrangements on an entity’s
pengaturan pembiayaan pemasok terhadap liabilities, cash flows and exposure to liquidity
liabilitas, arus kas, dan eksposur terhadap risiko risk.
likuiditas suatu entitas.
65
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Page 350
354 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
z. Standar Akuntansi yang Telah Diterbitkan z. Accounting Standards Issued but Not Yet
Namun Belum Berlaku Efektif (lanjutan) Effective (continued)
Mulai efektif pada atau setelah tanggal 1 Effective beginning on or after January 1,
Januari 2024 (lanjutan) 2024 (continued)
Amandemen PSAK 2 dan PSAK 60: Pengaturan Amendment of PSAK 2 and PSAK 60:
Pembiayaan Pemasok (lanjutan) Supplier Finance Arrangements (continued)
Amandemen ini akan berlaku efektif untuk The amendments will be effective for annual
periode pelaporan tahunan yang dimulai pada reporting periods beginning on or after
atau setelah 1 Januari 2024. Penerapan dini January 1, 2024. Early adoption is permitted,
diperkenankan, namun perlu diungkapkan. but will need to be disclosed.The
Amandemen tersebut diperkirakan tidak amendments are not expected to have a
mempunyai dampak material terhadap laporan material impact on the Group’s financial
keuangan Kelompok Usaha. statements.
3. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN 3. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITIES
Instrumen keuangan yang disajikan dalam laporan Financial instruments presented in the
posisi keuangan konsolidasian dicatat sebesar nilai consolidated statement of financial position are
wajar, atau disajikan dalam jumlah tercatat baik carried at fair value, otherwise, they are presented
karena jumlah tersebut adalah kurang lebih sebesar at carrying amounts as either these are reasonable
nilai wajarnya atau karena nilai wajarnya tidak dapat approximation of fair values, or their fair values
diukur secara handal. cannot be reliably measured.
Nilai wajar aset dan liabilitas keuangan disajikan The fair values of the financial assets and liabilities
dalam jumlah dimana instrumen tersebut dapat are presented at the amounts which instruments
dipertukarkan dalam transaksi kini antara pihak-pihak could be exchanged in a current transaction
yang berkeinginan (willing parties), bukan dalam between willing parties, not in a forced sale or
penjualan akibat kesulitan keuangan atau likuidasi liquidation.
yang dipaksakan.
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk setiap kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: estimate such value:
1. Kas dan setara kas, piutang usaha - neto, 1. Cash and cash equivalents, trade receivables
piutang lain-lain dan aset lancar lainnya. - net, other receivables and other current
assets.
Seluruh aset keuangan tersebut merupakan aset All these financial assets are short-term
keuangan jangka pendek yang akan jatuh tempo financial assets that will due within
dalam waktu 12 bulan, sehingga nilai tercatat 12 months, thus the carrying values of the
aset keuangan tersebut kurang lebih telah financial assets approximate their fair values.
mencerminkan nilai wajarnya. Piutang forward Forward receivables are carried at their fair
dicatat sebesar nilai wajarnya dengan values using forward pricing model.
menggunakan model forward pricing.
66
Laporan Tahunan 2023
Page 351
The original consolidated financial statements included herein 355
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
3. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN 3. FAIR VALUE OF FINANCIAL ASSETS AND
(lanjutan) LIABILITIES (continued)
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were used
mengestimasi nilai wajar untuk setiap kelompok to estimate the fair value of each class of financial
instrumen keuangan yang praktis untuk instruments for which it is practicable to estimate
memperkirakan nilai tersebut: (lanjutan). such value: (continued).
2. Aset keuangan tidak lancar. 2. Non-current financial assets.
Aset keuangan yang disajikan pada akun ini The financial assets presented in this account
merupakan piutang usaha jangka panjang dari comprises of long-term trade receivables from
pihak ketiga - neto dan uang jaminan. third parties - net and refundable deposits.
Piutang usaha jangka panjang dari pihak ketiga - Long-term trade receivables from third parties
neto merupakan aset keuangan yang tidak - net are financial assets which bear no interest
dikenakan bunga dan disajikan pada nilai kini and are presented at the net present value of
dari estimasi penerimaan kas di masa the estimated future cash receipts using
mendatang dengan menggunakan bunga pasar market interest rate available for debt with
yang tersedia untuk instrumen yang kurang lebih approximately similar characteristics.
sejenis.
3. Hutang bank jangka pendek, hutang usaha - 3. Short-term bank loans, trade payables - third
pihak ketiga, hutang lain-lain - pihak ketiga, biaya parties, other payables - third parties, accrued
yang masih harus dibayar, liabilitas sewa jangka expenses, current lease liabilities and dividend
pendek dan hutang dividen. payable.
Seluruh liabilitas keuangan tersebut merupakan All these financial liabilities are due within 12
liabilitas jangka pendek yang akan jatuh tempo months thus the carrying value of the financial
dalam waktu 12 bulan, sehingga nilai tercatat liabilities approximate their fair values.
liabilitas keuangan tersebut kurang lebih telah Forward payables are carried at their fair
mencerminkan nilai wajarnya. Hutang forward values using forward pricing model.
dicatat sebesar nilai wajarnya dengan
menggunakan model forward pricing.
4. Hutang bank jangka panjang dan lainnya dan 4. Long-term bank loans and others and bonds
hutang obligasi, termasuk bagian jatuh tempo payables, including their current maturities and
dalam waktu satu tahun dan liabilitas sewa non-current lease liabilities.
jangka panjang.
Hutang bank jangka panjang dan lainnya The long-term bank loans and others are
merupakan pinjaman yang memiliki suku bunga liabilities with floating market interest rates,
pasar variabel, sehingga nilai tercatat liabilitas thus the carrying values of the financial
keuangan tersebut kurang lebih telah liabilities approximate their fair values. Bonds
mencerminkan nilai wajarnya. Hutang obligasi payables are liabilities with fixed interest rates,
merupakan pinjaman yang memiliki suku bunga however the fair value is not significant
tetap, namun nilai wajarnya tidak berubah secara changed compared to its carrying value.
signifikan dibandingkan dengan nilai tercatatnya.
Liabilitas sewa disajikan pada nilai kini dari Lease liabilities are presented at the net
estimasi pengeluaran kas di masa mendatang present value of the estimated future cash
dengan menggunakan suku bunga inkremental flows using incremental borrowing rate for debt
untuk pinjaman yang kurang lebih sejenis. with approximately similar characteristic.
67
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Page 352
356 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Kas 26.742.962 10.945.238 Cash on hand
Bank - Pihak ketiga Cash in banks - Third parties
Rupiah Rupiah
PT Bank Negara Indonesia (Persero) Tbk. 1.091.804.233 32.775.427 PT Bank Negara Indonesia (Persero) Tbk.
PT Bank Mandiri (Persero) Tbk. 888.351.064 222.408.079 PT Bank Mandiri (Persero) Tbk.
PT Bank Permata Tbk. 413.842.845 85.310.269 PT Bank Permata Tbk.
PT Bank Maybank lndonesia Tbk. 358.853.539 22.378.647 PT Bank Maybank lndonesia Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk. 217.460.162 59.742.023 PT Bank Rakyat Indonesia (Persero) Tbk.
PT Bank Central Asia Tbk. 213.078.797 156.846.558 PT Bank Central Asia Tbk.
PT Bank Danamon Indonesia Tbk. 40.542.175 367.810.577 PT Bank Danamon Indonesia Tbk.
Lain-lain 49.723.914 45.010.097 Others
Dolar AS US Dollar
PT Bank Mandiri (Persero) Tbk. 1.164.414.872 1.488.007.822 PT Bank Mandiri (Persero) Tbk.
PT Bank Negara Indonesia (Persero) Tbk. 662.127.846 196.803.012 PT Bank Negara Indonesia (Persero) Tbk.
PT Bank Danamon Indonesia Tbk. 459.006.006 478.331.737 PT Bank Danamon Indonesia Tbk.
PT Bank Permata Tbk. 300.317.494 434.729.233 PT Bank Permata Tbk.
PT Bank Maybank lndonesia Tbk. 277.461.841 81.666.699 PT Bank Maybank lndonesia Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk. 5.161.084 391.350.864 PT Bank Rakyat Indonesia (Persero) Tbk.
Lain-lain 103.271.398 105.536.314 Others
Lainnya 1.401.689 1.513.535 Others
Sub-total 6.246.818.959 4.170.220.893 Sub-total
Deposito berjangka - Pihak ketiga Time deposits - Third parties
Rupiah Rupiah
PT Bank Maybank lndonesia Tbk. 145.000.000 10.000.000 PT Bank Maybank lndonesia Tbk.
PT Bank Permata Tbk. 63.755.440 69.500.000 PT Bank Permata Tbk.
PT Bank Central Asia Syariah 53.000.000 68.000.000 PT Bank Central Asia Syariah
PT Bank Central Asia Tbk. - 8.000.000 PT Bank Central Asia Tbk.
PT Bank Mandiri (Persero) Tbk. - 1.000.000 PT Bank Mandiri (Persero) Tbk.
Dolar AS US Dollar
PT Bank Permata Tbk. 308.320 314.620 PT Bank Permata Tbk.
Sub-total 262.063.760 156.814.620 Sub-total
Total 6.535.625.681 4.337.980.751 Total
Rekening bank dari JTT, Entitas Anak, sebesar The bank accounts of a Subsidiary, JTT,
Rp69.268.422 pada tanggal 31 Desember 2023 amounting to Rp69,268,422 as of December 31,
(2022: Rp53.326.155) dijadikan jaminan terhadap 2023 (2022: Rp53,326,155) are pledged as
pinjaman bank yang diperoleh JTT dari PT Bank collateral to the loan obtained by JTT from PT Bank
Permata Tbk. (Catatan 18). JTT diperkenankan Permata Tbk. (Note 18). JTT is allowed to utilize
menggunakan kas tersebut untuk aktivitas the cash for its operating activities without prior
operasinya tanpa harus meminta persetujuan tertulis written approval from the bank provided there is no
terlebih dahulu dari bank, sepanjang tidak terdapat event of default.
wanprestasi (event of default).
68
Laporan Tahunan 2023
Page 353
The original consolidated financial statements included herein 357
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
Tingkat suku bunga deposito per tahun pada tanggal Interest rates on time deposits per year as of
31 Desember 2023 dan 2022 adalah sebagai berikut: December 31, 2023 and 2022 are as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Rupiah 4,15% - 6,25% 2,25% - 5,25% Rupiah
Dolar AS 0,25% 0,25% US Dollar
5. PIUTANG 5. ACCOUNT RECEIVABLES
a. Piutang Usaha a. Trade Receivables
Berdasarkan pelanggan: By debtor:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Pihak berelasi (Catatan 32) 132.880 50.432 Related party (Note 32)
Pihak ketiga 6.975.564.287 6.634.981.848 Third parties
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (94.400.857) (90.186.024) expected credit losses
Penyesuaian nilai wajar (90.473.619) (78.803.024) Fair value adjustment
Total 6.790.822.691 6.466.043.232 Total
Dikurangi bagian jangka panjang (387.378.827) (494.583.828) Less non-current portion
Neto 6.403.443.864 5.971.459.404 Net
Berdasarkan umur: By age:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Belum jatuh tempo 6.201.667.295 5.699.954.131 Not yet due
Jatuh tempo: Past due:
1 - 30 hari 146.730.957 214.052.116 1 - 30 days
31 - 60 hari 63.407.493 22.436.674 31 - 60 days
> 60 hari 501.011.694 653.897.793 > 60 days
Sub-total 6.912.817.439 6.590.340.714 Sub-total
WAPU PPN 62.879.728 44.691.566 VAT Collector
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (94.400.857) (90.186.024) expected credit losses
Penyesuaian nilai wajar (90.473.619) (78.803.024) Fair value adjustment
Neto 6.790.822.691 6.466.043.232 Net
69
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Page 354
358 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
5. PIUTANG (lanjutan) 5. ACCOUNT RECEIVABLES (continued)
a. Piutang Usaha (lanjutan) a. Trade Receivables (continued)
Berdasarkan mata uang: By currency:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Rupiah 4.002.178.383 4.794.495.800 Rupiah
Dolar AS 2.973.518.784 1.840.536.480 US Dollar
Total 6.975.697.167 6.635.032.280 Total
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (94.400.857) (90.186.024) expected credit losses
Penyesuaian nilai wajar (90.473.619) (78.803.024) Fair value adjustment
Neto 6.790.822.691 6.466.043.232 Net
Mutasi akun cadangan penyisihan kerugian The changes in the allowance for expected
kredit ekspektasian sebagai berikut: credit losses are as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Saldo awal 90.186.024 352.807.893 Beginning balance
Penambahan 7.023.055 105.000.000 Additions
Penghapusan (2.808.222) (367.621.869) Written-off
Saldo akhir 94.400.857 90.186.024 Ending balance
Piutang usaha JTT sebesar Rp30.348.902 pada Trade receivables of JTT amounting to
tanggal 31 Desember 2023 (2022: Rp30,348,902 as of December 31, 2023
Rp32.660.996) dijadikan jaminan terhadap (2022: Rp32,660,996) are pledged as
pinjaman yang diperoleh JTT dari PT Bank collateral to the loan obtained by JTT from PT
Permata Tbk. (Catatan 18). Bank Permata Tbk. (Note 18).
Sehubungan dengan sewa operasi Perusahaan, With respect to the Company’s operating
dimana Perusahaan sebagai pemberi sewa, leases, whereby the Company as lessor, the
berikut adalah jumlah agregat penerimaan masa following is the aggregate amount of future
depan untuk setiap periode dalam sewa operasi receipts for each period in operating leases
yang tidak dapat dibatalkan: that can not be cancelled:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Dalam 1 tahun 34.441.846 33.450.141 Within 1 year
Dalam 1-5 tahun 76.637.326 94.949.502 Within 1-5 years
Total 111.079.172 128.399.643 Total
70
Laporan Tahunan 2023
Page 355
The original consolidated financial statements included herein 359
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
5. PIUTANG (lanjutan) 5. ACCOUNT RECEIVABLES (continued)
b. Piutang Lain-lain b. Other Receivables
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Pihak berelasi Related parties
Lain-lain (Catatan 32) 8.217.551 5.201.624 Others (Note 32)
Pihak ketiga Third parties
Piutang karyawan 6.392.712 8.048.059 Employee receivables
Piutang klaim asuransi 1.624.244 2.746.031 Insurance claim receivables
Lain-lain 40.162.689 32.957.866 Others
Total 48.179.645 43.751.956 Total
Manajemen berpendapat tidak diperlukan Management believes that no allowance for
cadangan kerugian kredit ekspektasian atas expected credit losses on other receivables is
kemungkinan tidak tertagihnya piutang lain-lain. required to cover possible losses on
uncollectible accounts.
6. PERSEDIAAN - NETO 6. INVENTORIES - NET
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Barang jadi 2.872.641.059 2.829.902.902 Finished goods
Bahan baku 218.264.142 185.099.814 Raw materials
Bahan kemasan 3.122.682 3.325.153 Packing materials
Suku cadang dan lain-lain 39.593.619 33.015.373 Spare parts and others
Total 3.133.621.502 3.051.343.242 Total
Persediaan yang dibebankan ke beban pokok Inventories charged to cost of sales and revenues
penjualan dan pendapatan adalah sebesar for the year ended December 31, 2023 amounted
Rp34.271.941.001 pada tahun yang berakhir pada to Rp34,271,941,001 (2022: Rp40,551,553,305)
tanggal 31 Desember 2023 (2022: (Note 25).
Rp40.551.553.305) (Catatan 25).
Manajemen berpendapat bahwa tidak diperlukan Management believes that no allowance for decline
penyisihan penurunan nilai persediaan pada tanggal- in value of inventories is required at reporting
tanggal pelaporan. dates.
Persediaan telah diasuransikan kepada pihak ketiga The inventories are insured to third parties against
terhadap risiko kerugian akibat kebakaran, pencurian losses from fire, theft and other risks under blanket
dan risiko lainnya berdasarkan paket polis policies at reporting dates as mentioned below:
sebagaimana yang dijelaskan di bawah ini:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Dolar AS 190.627.174 187.987.973 US Dollar
Rupiah 266.882.703 186.530.305 Rupiah
71
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Page 356
360 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
6. PERSEDIAAN (lanjutan) 6. INVENTORIES (continued)
Nilai asuransi tersebut mencakup asuransi untuk The insurance amounts cover the inventories of the
persediaan milik Kelompok Usaha serta persediaan Group and the inventories of the Company's
milik pelanggan Perusahaan yang berada di bawah customers stored in the Company’s premises,
tanggung jawab Perusahaan. Manajemen which are under the Company's responsibility.
Perusahaan berpendapat bahwa nilai pertanggungan Management believes that the insurance coverage
tersebut cukup untuk menutupi kemungkinan is adequate to cover possible losses arising from
timbulnya kerugian akibat risiko tersebut. such risks.
7. BIAYA DIBAYAR DI MUKA 7. PREPAID EXPENSES
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Asuransi dibayar di muka 20.194.365 17.918.062 Prepaid insurance
Pemeliharaan dibayar di muka 19.478.343 11.010.563 Prepaid maintenance
Perizinan dan lisensi dibayar di muka 18.869.896 20.180.115 Prepaid permits and licenses
Sewa tanah dan bangunan dibayar di muka 5.052.225 8.911.659 Prepaid land and building rents
Lain-lain 10.169.210 14.001.451 Others
Total 73.764.039 72.021.850 Total
8. ASET LANCAR LAINNYA 8. OTHER CURRENT ASSETS
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Tagihan pengembalian pajak
(Catatan 27c) 7.288.258 9.767.337 Claims for tax refund (Note 27c)
Lain-lain 7.752.333 7.752.328 Others
Total 15.040.591 17.519.665 Total
9. INVESTASI PADA ENTITAS ASOSIASI 9. INVESTMENTS IN ASSOCIATES
Perusahaan, melalui Entitas Anaknya, memiliki The Company, through its Subsidiaries, has
investasi dalam entitas-entitas berikut pada tanggal investments in the following entities as of
31 Desember 2023 dan 2022: December 31, 2023 and 2022:
Total
Penghasilan
Persentase Saldo Bagian Laba Saldo
Pemilikan/ 1 Jan. 2023/ Neto/ 31 Des. 2023/
Percentage Balance Equity in Net Pengurangan/ Balance
of Ownership Jan. 1, 2023 Earnings Deduction Dec. 31, 2023
Metode Ekuitas Equity Method
PT Berlian Manyar PT Berlian Manyar
Sejahtera (BMS) 40,00% 416.804.478 34.534.891 5.942.422 445.396.947 Sejahtera (BMS)
PT Energi Manyar PT Energi Manyar
Sejahtera (EMS) 45,00% 495.793 - - 495.793 Sejahtera (EMS)
Total 417.300.271 34.534.891 5.942.422 445.892.740 Total
72
Laporan Tahunan 2023
Page 357
The original consolidated financial statements included herein 361
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
9. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 9. INVESTMENTS IN ASSOCIATES (continued)
Perusahaan, melalui Entitas Anaknya, memiliki The Company, through its Subsidiaries, has
investasi dalam entitas-entitas berikut pada tanggal investments in the following entities as of
31 Desember 2023 dan 2022: (lanjutan) December 31, 2023 and 2022: (continued)
Total
Penghasilan
Bagian Laba
Persentase Saldo (Rugi) Neto/ Saldo
Pemilikan/ 1 Jan. 2022/ Equity in Net 31 Des. 2022/
Percentage Balance Earnings Pengurangan/ Balance
of Ownership Jan. 1, 2022 (Losses) Deduction Dec. 31, 2022
Metode Ekuitas Equity Method
PT Berlian Manyar PT Berlian Manyar
Sejahtera (BMS) 40,00% 400.974.785 16.676.493 846.800 416.804.478 Sejahtera (BMS)
PT Energi Manyar PT Energi Manyar
Sejahtera (EMS) 45,00% 495.793 - - 495.793 Sejahtera (EMS)
PT Terminal Curah PT Terminal Curah
Semarang (TCS) 49,00% 147.530 (43.684) 103.846 - Semarang (TCS)
Total 401.618.108 16.632.809 950.646 417.300.271 Total
Informasi keuangan dari entitas asosiasi yang The financial information of the related associates
bersangkutan adalah sebagai berikut: is as follows:
Laporan posisi keuangan: Statement of financial position:
31 Desember 2023/December 31, 2023
Liabilitas Liabilitas
Aset Jangka Jangka
Aset Lancar/ Tidak Lancar/ Pendek/ Panjang/ Nilai Tercatat/
Current Non-current Current Non-current Agio Saham/ Ekuitas/ Kepentingan/ Carrying
Assets Assets Liabilities Liabilities Share Premium Equity Interest Amount
BMS 246.490.069 1.583.941.572 100.940.684 715.898.589 66.600.000 946.992.368 40,00% 445.396.947
EMS 1.101.762 - - - - 1.101.762 45,00% 495.793
31 Desember 2022/December 31, 2022
Liabilitas Liabilitas
Aset Jangka Jangka
Aset Lancar/ Tidak Lancar/ Pendek/ Panjang/ Nilai Tercatat/
Current Non-current Current Non-current Agio Saham/ Ekuitas/ Kepentingan/ Carrying
Assets Assets Liabilities Liabilities Share Premium Equity Interest Amount
BMS 208.751.317 1.689.802.736 308.581.284 647.861.574 66.600.000 875.511.195 40,00% 416.804.478
EMS 1.101.762 - - - - 1.101.762 45,00% 495.793
Laporan laba rugi dan penghasilan komprehensif lain: Statement of profit or loss and other comprehensive income:
Tahun yang berakhir pada tanggal 31 Desember 2023/
Year ended December 31, 2023
Total
Penghasilan
Komprehensif/ Bagian
Total Investor/
Pendapatan/ Laba Rugi/ Comprehensive Kepentingan/ Investor’s
Revenues Profit or Loss Income Interest Shares
BMS 251.017.952 86.337.227 86.337.227 40,00% 34.534.891 BMS
Tahun yang berakhir pada taggal 31 Desember 2022/
Year ended December 31, 2022
Total
Penghasilan
Komprehensif/ Bagian
Total Investor/
Pendapatan/ Laba Rugi/ Comprehensive Kepentingan/ Investor’s
Revenues Profit or Loss Income Interest Shares
BMS 150.745.541 41.526.073 41.691.233 40,00% 16.676.493 BMS
TCS - (89.152) (89.152) 49,00% (43.684) TCS
73
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Page 358
362 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
9. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 9. INVESTMENTS IN ASSOCIATES (continued)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, management
manajemen berkeyakinan bahwa tidak ada believes that there is no decline in the value of
penurunan nilai investasi pada entitas asosiasi. investment in associates.
UEPN dan PT Berlian Jasa Terminal Indonesia (BJTI) UEPN and PT Berlian Jasa Terminal Indonesia
mendirikan BMS di tahun 2012, yang mana pada (BJTI) established BMS in 2012, whereby UEPN as
tanggal Desember 2023 dan 2022, UEPN telah of December 31, 2023 and 2022 has made a total
melakukan jumlah setoran modal sebesar contribution of Rp355,000,000 representing 40%
Rp355.000.000 yang mencerminkan kepemilikan ownership in BMS, while BJTI owns 60%. BMS is
40% di BMS, sedangkan BJTI memiliki 60%. BMS part of integrated facilities in JIIPE (Note 33)
adalah bagian dari fasilitas terpadu di JIIPE operating a-400ha deep seaport strategically
(Catatan 33) mengoperasikan 400ha pelabuhan laut located in Madura Strait.
dalam yang terletak di lokasi strategis di Selat
Madura.
UEPN mendirikan EMS di tahun 2015. Saat ini UEPN established EMS in 2015. Currently, the
pemegang saham EMS adalah UEPN, BJTI, shareholders of EMS are UEPN, BJTI,
PT Santiniluwansa Lestari dan PT Amanah Indo PT Santiniluwansa Lestari and PT Amanah Indo
Invest. Maksud dan tujuan dari EMS adalah Invest. The purpose and objectives of
menjalankan kegiatan usaha di bidang industri, establishment of EMS is to carry out business
perdagangan, dan jasa pembangkit listrik di activities in industry sector, trade and services of
Surabaya, yang mana pada tanggal 31 Desember power plant in Surabaya, whereby UEPN as of
2023 dan 2022, UEPN telah melakukan jumlah December 31, 2023 and 2022 has made a total
setoran modal sebesar Rp450.000 yang contribution of Rp450,000 representing 45%
mencerminkan kepemilikan sebesar 45% di EMS. ownership in EMS.
Andahanesa dan BJTI mendirikan TCS di tahun Andahanesa and BJTI established TCS in 2015,
2015, yang mana pada tanggal 31 Desember 2019, whereby Andahanesa as of December 31, 2019
Andahanesa telah melakukan jumlah setoran modal has made a total contribution of Rp29,400,000
sebesar Rp29.400.000 yang mencerminkan representing 49% ownership in TCS. TCS engaged
kepemilikan 49% di TCS. TCS bergerak dalam jasa in logistic services and related services in
logistik dan aktivitas terkait lainnya di Semarang. Semarang. Since TCS no longer has active
Dikarenakan TCS tidak lagi mempunyai transaksi transactions, both shareholders agreed to reduce
aktif, kedua pemegang saham setuju untuk the paid-up capital, resulted to Rp980,000, as the
menurunkan modalnya, sehingga porsi Andahanesa remaining balance of Andahanesa portion.
menjadi sebesar Rp980.000. Andahanesa telah Andahanesa has received the cash in May and
menerima seluruh dana penurunan modal pada bulan June 2020. Subsequently in December 2022,
Mei dan Juni 2020. Selanjutnya pada bulan Andahanesa has divested its entire shares of 980
Desember 2022 Andahanesa telah mengalihkan shares (49% ownership) of TCS to
seluruh sahamnya sebanyak 980 lembar saham PT Pelindo Multi Terminal amounting to
(setara kepemilikan 49%) pada TCS kepada Rp147,863. The Company has made the
PT Pelindo Multi Terminal dengan nilai transaksi Disclosure of Information in its Letter No. 093/L-
sebesar Rp147.863. Perusahaan telah melakukan AKR-CS/2022 dated December 7, 2022 to OJK
Keterbukaan Informasi melalui Surat No. 093/L-AKR- and IDX.
CS/2022 tanggal 7 Desember 2022 ke OJK dan BEI.
74
Laporan Tahunan 2023
Page 359
The original consolidated financial statements included herein 363
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. ASET TETAP 10. PROPERTY, PLANT AND EQUIPMENT
Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference Due
to Translation
1 Januari 2023/ Penambahan/ Pengurangan/ Reklasifikasi/ of Financial 31 Desember 2023/
January 1, 2023 Additions Deductions Reclassifications Statements December 31, 2023
Biaya Perolehan: At Cost:
Hak atas tanah 642.500.941 41.859.908 - 4.201.574 - 688.562.423 Landrights
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 4.732.612.449 67.979.108 16.875.946 80.233.317 (14.872.165) 4.849.076.763 and storage tanks
Mesin dan peralatan 735.621.055 329.674.608 54.265.522 8.513.193 (3.527.988) 1.016.015.346 Machinery and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 725.703.076 2.606.353 135.877.462 6.617.811 - 599.049.778 equipment
Kendaraan 380.619.672 20.232.911 11.527.956 33.703.955 (4.182) 423.024.400 Motor vehicles
Pengembangan gedung
yang disewa 93.842.433 632.539 141.276 1.660.423 - 95.994.119 Leasehold improvements
Renovasi gedung 574.373.879 1.256.580 5.852.240 15.631.345 - 585.409.564 Building improvements.
Peralatan kantor 161.636.629 8.327.740 3.883.340 2.255.508 (423.244) 167.913.293 Office equipment
Kapal 627.412.317 147.999.981 - - - 775.412.298 Vessels
Aset dalam penyelesaian 298.620.838 312.914.793 - (152.817.126) (26.414.815) 432.303.690 Construction in progress
Total 8.972.943.289 933.484.521 228.423.742 - (45.242.394) 9.632.761.674 Total
Akumulasi Penyusutan: Accumulated Depreciation:
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 2.088.358.374 196.147.672 16.864.726 - (18.947.468) 2.248.693.852 and storage tanks
Mesin dan peralatan 289.140.512 66.280.419 54.154.024 - (1.868.274) 299.398.633 Machinery and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 519.033.309 33.078.948 87.767.904 - - 464.344.353 equipment
Kendaraan 257.704.798 19.496.649 11.176.535 - (2.938) 266.021.974 Motor vehicles
Pengembangan gedung
yang disewa 93.100.421 934.071 141.276 - - 93.893.216 Leasehold improvements
Renovasi gedung 462.084.646 38.649.158 5.652.124 - - 495.081.680 Building improvements.
Peralatan kantor 102.975.807 10.790.831 3.881.423 - (1.499.633) 108.385.582 Office equipment
Kapal 163.848.590 26.646.898 - - - 190.495.488 Vessels
Total 3.976.246.457 392.024.646 179.638.012 - (22.318.313) 4.166.314.778 Total
Nilai Tercatat 4.996.696.832 5.466.446.896 Carrying Amount
Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference Due
to Translation
1 Januari 2022/ Penambahan/ Pengurangan/ Reklasifikasi/ of Financial 31 Desember 2022/
January 1, 2022 Additions Deductions Reclassifications Statements December 31, 2022
Biaya Perolehan: At Cost:
Hak atas tanah 632.880.498 9.620.443 - - - 642.500.941 Landrights
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 4.433.193.226 50.738.617 2.189.865 81.317.770 169.552.701 4.732.612.449 and storage tanks
Mesin dan peralatan 672.919.304 25.764.575 4.290.877 12.645.858 28.582.195 735.621.055 Machinery and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 759.946.046 281.423 39.330.181 4.805.788 - 725.703.076 equipment
Kendaraan 378.774.103 7.667.321 27.300.480 21.393.872 84.856 380.619.672 Motor vehicles
Pengembangan gedung
yang disewa 94.210.048 44.256 577.587 165.716 - 93.842.433 Leasehold improvements
Renovasi gedung 573.216.788 687.881 7.568.665 8.037.875 - 574.373.879 Building improvements
Peralatan kantor 157.413.221 4.545.022 2.892.119 1.217.855 1.352.650 161.636.629 Office equipment
Kapal 626.289.150 1.123.167 - - - 627.412.317 Vessels
Aset dalam penyelesaian 233.130.582 192.050.891 - (129.117.397) 2.556.762 298.620.838 Construction in progress
Total 8.561.972.966 292.523.596 84.149.774 467.337 202.129.164 8.972.943.289 Total
Akumulasi Penyusutan: Accumulated Depreciation:
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 1.810.426.954 193.531.863 464.820 - 84.864.377 2.088.358.374 and storage tanks
Mesin dan peralatan 223.898.997 62.495.903 4.194.374 - 6.939.986 289.140.512 Machinery and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 529.818.821 27.760.104 38.545.616 - - 519.033.309 equipment
Kendaraan 266.858.369 16.113.293 25.337.009 - 70.145 257.704.798 Motor vehicles
Pengembangan gedung
yang disewa 93.007.007 663.465 570.051 - - 93.100.421 Leasehold improvements
Renovasi gedung 428.938.394 39.550.385 6.404.133 - - 462.084.646 Building improvements
Peralatan kantor 92.689.382 12.452.698 2.890.397 - 724.124 102.975.807 Office equipment
Kapal 137.953.819 25.894.771 - - - 163.848.590 Vessels
Total 3.583.591.743 378.462.482 78.406.400 - 92.598.632 3.976.246.457 Total
Nilai Tercatat 4.978.381.223 4.996.696.832 Carrying Amount
75
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Page 360
364 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Sekitar 4,03% pada tanggal 31 Desember 2023 Approximately 4.03% as of December 31, 2023
(2022: 3,77%) dari keseluruhan luas tanah (2022: 3.77%) of the Company’s total land area is
Perusahaan masih belum atas nama Perusahaan. not under the name of the Company. The Company
Perusahaan belum melakukan proses balik nama has not applied for the transfers of titles at the
menjadi nama Perusahaan sampai dengan tanggal- reporting dates. The Building Right Title (Hak
tanggal pelaporan. Hak Guna Bangunan (HGB) akan Guna Bangunan or HGB) expires on various dates
berakhir pada berbagai tanggal sampai dengan 2050. up to 2050. All HGB titles are renewable, and the
Seluruh HGB dapat diperpanjang dan Perusahaan Company believes that there shall be no difficulties
yakin tidak akan mengalami kesulitan dalam in the renewal of such HGB.
perpanjangan HGB tersebut.
Manajemen berkeyakinan bahwa nilai tercatat aset The management believes that the carrying
tetap tidak melebihi nilai yang dapat diperoleh amounts of the property, plant and equipment do
kembali (recoverable amount) dari aset tetap pada not exceed their recoverable amounts at the
tanggal-tanggal pelaporan. reporting dates.
Biaya penyusutan dibebankan sebagai berikut: Depreciation expense is charged to the following:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Beban pokok penjualan dan
pendapatan (Catatan 25) 353.053.151 341.622.641 Cost of sales and revenues (Note 25)
Beban usaha (Catatan 26) 38.971.495 36.839.841 Operating expenses (Note 26)
Total 392.024.646 378.462.482 Total
Rincian laba atas pelepasan aset tetap sebagai The details of gain on disposal of property and
berikut: equipment are as follows:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Proceeds from sales of property
Hasil penjualan aset tetap 63.443.491 12.802.201 and equipment
Nilai tercatat (48.785.730) (5.743.374) Carrying amount
Laba yang dikreditkan Gain credited
pada laba rugi 14.657.761 7.058.827 to profit or loss
76
Laporan Tahunan 2023
Page 361
The original consolidated financial statements included herein 365
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Aset tetap kecuali hak atas tanah, telah diasuransikan Property, plant and equipment, except for
kepada pihak ketiga terhadap risiko kerugian akibat landrights, are insured to third parties against
kebakaran, pencurian dan risiko lainnya berdasarkan losses from fire, theft and other risks under blanket
paket polis dengan nilai pertanggungan pada policies at the reporting dates as mentioned below.
tanggal-tanggal pelaporan sebagaimana yang The management believes that the insurance
dijelaskan di bawah ini. Manajemen berpendapat coverage is adequate to cover possible losses
bahwa nilai pertanggungan tersebut cukup untuk arising from such risks.
menutup kemungkinan timbulnya kerugian akibat
risiko tersebut.
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Rupiah 5.957.770.353 5.535.841.282 Rupiah
Dolar AS 75.663.690 73.133.481 US Dollar
Pada tanggal 31 Desember 2023, aset dalam As of December 31, 2023, the construction in
penyelesaian terutama merupakan berbagai progress mainly represents various construction
konstruksi seperti fasilitas pengolahan air limbah, activities in such as wastewater treatment plant,
gedung kantor baru, fasilitas terminal, dan Stasiun new office building, terminal facilities,
Pengisian Bahan Bakar Umum (SPBU), yang and Gas Stations of Petroleum (SPBU),
persentase penyelesaiannya berkisar dari 5% - 90% with completion percentages ranging from
(2022: 5% - 95%). 5% - 90% (2022: 5% - 95%).
Pembangunan fasilitas-fasilitas di atas diharapkan The construction of the above facilities is expected
selesai dalam waktu sekitar 1-2 tahun. Manajemen to be completed in approximately 1-2 years. The
tidak mengharapkan akan adanya kesulitan dalam management does not expect any difficulties in
penyelesaian pembangunan pada waktu yang meeting the targeted completion date.
ditargetkan.
Tidak terdapat biaya pinjaman yang dikapitalisasi No borrowing costs was capitalized by the Group
oleh Kelompok Usaha untuk tahun yang berakhir for the year ended December 31, 2023 and 2022.
pada tanggal 31 Desember 2023 dan 2022.
Kelompok Usaha memiliki aset tangki penyimpanan The Group has assets of storage tanks used for the
yang digunakan untuk sewa operasi sebesar operating lease carrying amount to Rp239,546,914
Rp239.546.914 pada tanggal 31 Desember 2023 as of December 31, 2023 (2022: Rp254,400,762).
(2022: Rp254.400.762).
Aset tetap yang digunakan sebagai jaminan atas Property, plant and equipment used as collateral
pinjaman yang diperoleh Kelompok Usaha pada to the loans obtained by the Group as of
tanggal 31 Desember 2023 dan 2022 (Catatan 18 dan December 31, 2023 and 2022 (Notes 18 and 34)
34) adalah sebagai berikut: are as follows:
UEPN - melalui entitas anak BKMS - tanah dan UEPN - through its subsidiary BKMS - land
bangunan proyek Pembangkit Listrik Tenaga and building of the gas powerplant (PLTMG)
Gas (PLTMG) beserta bangunan infrastruktur, project including the building infrastructure,
mesin-mesin dan peralatan yang melekat di machines and equipment on top of which it is
atasnya yang terletak di Gresik, Jawa Timur, located in Gresik, East Java, through Al Ijarah
melalui fasilitas Al Ijarah Muntahiyah Bi Al Tamlik Muntahiyah Bi Al Tamlik (“IMBT”) and assets
(“IMBT”) dan aset yang dibiayai melalui fasilitas being financed through Musyarakah
Musyarakah Mutanaqishah (“MMQ”) dari Mutanaqishah (“MMQ”) facilities from
PT Bank Permata Tbk. (Permata). PT Bank Permata Tbk. (Permata).
77
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Page 362
366 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Aset tetap yang digunakan sebagai jaminan atas Property, plant and equipment used as collateral
pinjaman yang diperoleh Kelompok Usaha pada to the loans obtained by the Group as of December
tanggal 31 Desember 2023 dan 2022 (Catatan 18 dan 31, 2023 and 2022 (Notes 18 and 34) are as
34) adalah sebagai berikut: (lanjutan) follows: (continued)
JTT - bangunan dan fasilitas tangki terminal JTT - building and tank terminal facilities are
dijadikan jaminan terhadap fasilitas kredit dari used to secure the loan facilities by Permata.
Permata.
Andahanesa - melalui entitas anak TNU - tangki Andahanesa - through its subsidiary TNU -
penyimpanan dan peralatan pendukungnya yang storage tanks and its supporting equipment at
berlokasi di Pelabuhan Tanjung Perak, Surabaya Tanjung Perak Port, Surabaya financed by
yang dibiayai oleh fasilitas pinjaman jangka BCA under long-term facilities.
panjang dari BCA.
Pada tanggal 31 Desember 2023, nilai perolehan aset As of December 31, 2023, the acquisition costs of
yang sudah disusutkan penuh adalah sejumlah the assets which have been fully depreciated
Rp1.196.756.908 (2022: Rp1.142.851.600). Aset- amounted to Rp1,196,756,908 (2022:
aset ini masih digunakan untuk menunjang Rp1,142,851,600). Those assets are still being
operasional Kelompok Usaha. used by the Group in operations.
Pada tanggal 31 Desember 2023, nilai tercatat As of December 31, 2023, the carrying amount
aset yang sementara tidak dipakai dalam operasi of assets temporary not used in operations
adalah sebesar Rp15.079.415 (2022: Rp12.971.342). amounted to Rp15,079,415 (2022: Rp12,971,342).
11. ASET HAK-GUNA 11. RIGHT-OF-USE ASSETS
Saldo Saldo
1 Jan. 2023/ Selisih kurs*/ 31 Des. 2023/
Balance Penambahan/ Exchange Balance
Jan. 1, 2023 Additions difference* Dec 31, 2023
Harga perolehan Acquisition costs
Sewa tanah 721.229.297 94.894.730 (2.825.746) 813.298.281 Land leases
Sewa bangunan, tangki 13.451.664 - - 13.451.664 Building, tank leases
dan kendaraan and vehicle
734.680.961 94.894.730 (2.825.746) 826.749.945
Accumulated
Akumulasi depresiasi/amortisasi depreciation/amortization
Sewa tanah 140.773.898 57.432.762 - 198.206.660 Land leases
Sewa bangunan, tangki 7.713.930 3.027.466 - 10.741.396 Building, tank leases
dan kendaraan and vehicle
148.487.828 60.460.228 - 208.948.056
Total 586.193.133 617.801.889 Total
78
Laporan Tahunan 2023
Page 363
The original consolidated financial statements included herein 367
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
11. ASET HAK-GUNA (lanjutan) 11. RIGHT-OF-USE ASSETS (continued)
Saldo Saldo
1 Jan. 2022/ Selisih kurs*/ 31 Des. 2022/
Balance Penambahan/ Exchange Balance
Jan. 1, 2022 Additions difference* Dec. 31, 2022
Harga perolehan Acquisition costs
Sewa tanah 650.356.072 60.568.589 10.304.636 721.229.297 Land leases
Sewa bangunan, tangki 9.955.880 3.495.784 - 13.451.664 Building, tank leases
dan kendaraan and vehicle
660.311.952 64.064.373 10.304.636 734.680.961
Accumulated
Akumulasi depresiasi/amortisasi depreciation/amortization
Sewa tanah 85.958.719 54.815.179 - 140.773.898 Land leases
Sewa bangunan, tangki 5.715.675 1.998.255 - 7.713.930 Building, tank leases
dan kendaraan and vehicle
91.674.394 56.813.434 - 148.487.828
Total 568.637.558 586.193.133 Total
*) Timbul dari penjabaran laporan keuangan/Incurred from translation of financial statements
Biaya penyusutan dan amortisasi atas aset hak-guna Depreciation and amortization expenses of right-
dibebankan sebagai berikut: of-use assets are charged to the following:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Beban pokok penjualan dan
pendapatan (Catatan 25) 57.904.402 53.714.551 Cost of sales and revenues (Note 25)
Beban usaha (Catatan 26) 2.555.826 3.098.883 Operating expenses (Note 26)
Total 60.460.228 56.813.434 Total
Kelompok Usaha telah mengakui beban yang The Group has recognized the expense relating to
berkaitan dengan sewa jangka pendek untuk tahun short-term leases for the year ended December 31,
yang berakhir pada tanggal 31 Desember 2023 2023 amounted to Rp8,544,687 (2022:
sebesar Rp8.544.687 (2022: Rp8.158.505) dan Rp8,158,505) and recorded under general and
dicatat sebagai beban umum dan administrasi administrative expense (Note 26).
(Catatan 26).
Berdasarkan penilaian manajemen Kelompok Usaha, Based on the assessment of the management of
tidak ada kejadian-kejadian atau perubahan- the Group, there are no events or changes in
perubahan keadaan yang mengindikasikan adanya circumstances that indicate any impairment in the
penurunan nilai aset hak-guna pada tanggal value of right-of-use assets as of December 31,
31 Desember 2023. 2023.
79
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368 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. PROPERTI INVESTASI 12. INVESTMENT PROPERTY
Akun ini terdiri dari dua bidang tanah sebagai berikut This account consists of two parcels of land i.e.
(i) 193,5 hektar disewakan kepada anchor tenant dari (i) 193.5 hectares leased to an anchor tenant of
BKMS (ii) 80,4 hektar belum ditentukan BKMS (ii) 80.4 hectares reserved for future use,
peruntukkannya, yang dimiliki oleh UEPN, entitas owned by UEPN, a subsidiary of the Company. The
anak dari Perusahaan. Dua bidang tanah tersebut two parcels of land are located in Manyar, Gresik,
terletak di Manyar, Gresik, Jawa Timur. East Java.
Pada tanggal 27 Agustus 2021, BKMS telah merubah On August 27, 2021, BKMS has amended the
perjanjian sewa tanah sebelumnya dengan tenant previous lease agreement of land with the said
tersebut, untuk masa 18 tahun, dengan hak untuk tenant for a period of 18 years, whereby it has the
memperpanjang masa sewa untuk dua (2) tahun dan right to extend the lease term for two (2) years and
enam (6) kali berturut-turut untuk periode sepuluh thereafter six (6) consecutive periods of ten (10)
(10) tahun untuk setiap periode perpanjangan serta contract years for each renewal period with a right
memiliki hak untuk membeli tanah tersebut selama to purchase the land during the lease term based
masa sewa berdasarkan syarat dan ketentuan yang on the terms and conditions stipulated in
disebutkan dalam perjanjian. Perjanjian tersebut juga agreement. The agreement also contains
berisi mengatur biaya pemeliharaan dan biaya terkait maintenance fee arrangement and other provisions
lainnya yang relevan dengan sewa. Kemudian, pada relevant to the lease. Further, on August 12, 2021,
tanggal 12 Agustus 2021, kedua belah pihak juga the two parties also signed additional lease of land
menandatangani perjanjian sewa area tambahan area for laydown the equipments for its smelter
untuk meletakkan peralatan proyek smelter untuk project for a period of 2 years.
2 tahun.
Pada tanggal 31 Desember 2023 dan 2022, BKMS As of December 31, 2023 dan 2022, BKMS has
telah menerima uang muka untuk sewa tanah di atas received the advances for the above leases of the
untuk periode sampai dengan Agustus 2024 sejumlah land up to period August 2024 amounted to
Rp632,5 miliar (2022: Rp609 miliar), dimana untuk Rp632.5 billion (2022: Rp609 billion), whereas for
tahun yang berakhir pada tanggal 31 Desember 2023 year ended December 31, 2023 has been
telah diakui sebagai pendapatan sewa sebesar recognized as rental income amounting
Rp173,2 miliar (2022: Rp169,2 miliar). Pada tanggal Rp173.2 billion (2022: Rp169.2 billion). As of
31 Desember 2023, uang muka sebesar Rp79,2 December 31, 2023, the outstanding advance
miliar (2022: Rp228,9 miliar) termasuk bagian jangka amounting to Rp79.2 billion (2022: Rp228.9 billion)
pendek, disajikan sebagai “Liabilitas Kontrak” pada including the current portion, is presented as
laporan posisi keuangan konsolidasian. "Contract Liabilities” in the consolidated statement
of financial position.
Tidak terdapat beban operasi langsung yang timbul There is no direct operating expenses arising from
dari properti investasi yang menghasilkan the investment property that generated rental
pendapatan sewa dikarenakan BKMS hanya income since BKMS leases the land with no
menyewakan lahan kosong tanpa kewajiban contractual obligation to construct, build or repair
kontraktual untuk melakukan konstruksi, membangun on the improved parcels of land or for maintenance
atau untuk memperbaiki di atas bidang tanah, atau or enhancements of the investment property.
untuk memelihara atau meningkatkan properti
investasi tersebut.
80
Laporan Tahunan 2023
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The original consolidated financial statements included herein 369
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
12. PROPERTI INVESTASI (lanjutan) 12. INVESTMENT PROPERTY (continued)
Pada tanggal 31 Desember 2023 dan 2022, total nilai As of December 31, 2023 and 2022, the total fair
wajar atas properti investasi masing-masing adalah value of the investment property amounted to
sebesar Rp2.522.171.256. Pengukuran nilai wajar Rp2,522,171,256. The fair value measurement of
atas properti investasi menggunakan Level 2 hirarki such investment property uses Level 2 of fair value
nilai wajar, dimana level input terendah yang hierarchy, whereby the lowest level input that is
signifikan terhadap pengukuran nilai wajar adalah significant to the fair value measurement is directly
dapat diobservasi secara langsung atau tidak or indirectly observable.
langsung.
Nilai wajar Level 2 dari tanah dihitung dengan Level 2 fair value of land is calculated using the
menggunakan pendekatan perbandingan harga comparable market data approach. The
pasar. Harga pasar dari tanah yang paling mendekati approximate market price of comparable land is
disesuaikan dengan perbedaan atribut utama seperti adjusted for differences in key attributes such as
ukuran aset, lokasi dan penggunaan aset. Input yang property size, location and use of an asset. The
paling signifikan dalam pendekatan penilaian ini most significant input into this valuation approach
adalah asumsi harga per meter persegi. is price per square meter assumptions.
13. PERSEDIAAN TANAH KAWASAN INDUSTRI 13. INDUSTRIAL ESTATE LAND INVENTORY
Akun ini terutama merupakan harga perolehan tanah This account represents acquisition costs and
dan biaya pengembangan terkait, baik secara related development costs, either directly or
langsung maupun tidak langsung, termasuk indirectly, including borrowing costs capitalized to
kapitalisasi biaya pinjaman yang dikapitalisasi pada the carrying amounts of land inventory, totaling to
nilai persediaan tanah sebesar Rp276.177.846 untuk Rp276,177,846 for the year ended December 31,
tahun yang berakhir pada tanggal 31 Desember 2023 2023 (2022: Rp163,598,899). As of December 31,
(2022: Rp163.598.899). Pada tanggal 31 Desember 2023, the interest capitalization rate is 9.14%
2023, tingkat kapitalisasi bunga adalah sebesar (2022: 7.93%). The land inventory is an industrial
9,14% (2022: 7,93%). Persediaan tanah ini dijadikan estate as part of JIIPE project developed through
kawasan industri sebagai bagian dari proyek JIIPE an indirect subsidiary, BKMS (Note 1b). The land is
yang dikembangkan oleh salah satu entitas anak located in SEZ Gresik, East Java. The JIIPE project
yang dimiliki tidak langsung, BKMS (Catatan 1b). is an integrated estate complex which has a deep-
Tanah ini berlokasi di KEK Gresik, Jawa Timur. sea port, industrial estate and residential zone. The
Proyek JIIPE mempunyai pelabuhan laut yang dalam, sea port is owned and operated by BMS, an
kawasan industri dan perumahan secara terintegrasi. associate entity of UEPN (Note 9) while the estate
Pelabuhan laut dimiliki dan dikelola oleh BMS yang area is operated by BKMS.
merupakan entitas asosiasi dari UEPN (Catatan 9),
sedangkan kawasan industri dikelola oleh BKMS.
Bagian yang siap untuk dijual dan sedang dalam The portion available for sale and under
pengembangan disajikan sebagai bagian dari aset development are presented as part of current
lancar, sedangkan yang diperuntukkan untuk tahap assets, while those retained for subsequent stage
pengembangan berikutnya disajikan sebagai bagian development is presented as part of non-current
dari aset tidak lancar. assets.
Manajemen berpendapat tidak diperlukan cadangan Management believes that no allowance for decline
kerugian penurunan nilai atas persediaan tanah in value of industrial estate land inventory at
kawasan industri pada tanggal-tanggal pelaporan. reporting dates.
81
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370 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
14. HUTANG 14. ACCOUNT PAYABLES
a. Hutang Usaha - Pihak Ketiga a. Trade Payables - Third Parties
Berdasarkan umur: By age:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Belum jatuh tempo 9.494.226.968 9.202.420.934 Not yet due
Jatuh tempo: Past due:
1 - 30 hari 24.717.715 36.902.884 1 - 30 days
31 - 30 hari 133.217 - 31 - 30 days
> 60 hari 108.095 - > 60 days
Total 9.519.185.995 9.239.323.818 Total
Berdasarkan mata uang: By currency:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Rupiah 2.317.358.223 1.902.995.864 Rupiah
Dolar AS 7.200.225.978 7.336.148.183 US Dollar
Mata uang lainnya 1.601.794 179.771 Other currencies
Total 9.519.185.995 9.239.323.818 Total
Hutang usaha tidak dijamin dan tidak dikenakan Trade payables are unsecured and non-
bunga. interest bearing.
b. Hutang Lain-lain - Pihak Ketiga b. Other Payables - Third Parties
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Hutang pembelian aset tetap
(Catatan 34) 278.316.275 - Purchase of fixed assets payable (Note 34)
Hutang kepada kontraktor 5.396.017 8.162.773 Payables to contractor
Hutang jasa profesional 2.820.097 4.631.559 Professional fees payables
Lain-lain 63.107.656 59.777.544 Miscellaneous
Total 349.640.045 72.571.876 Total
15. BIAYA MASIH HARUS DIBAYAR 15. ACCRUED EXPENSES
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Beban impor 138.130.826 177.431.904 Import charges
Biaya angkut dan penanganan 128.919.873 117.754.402 Freight in and handling
Bunga 69.556.784 39.448.671 Interest
Jasa profesional 46.673.714 39.135.642 Professional fees
Konstruksi 25.548.880 18.065.032 Construction
Beban penjualan dan pemasaran 13.927.461 50.029.978 Selling and marketing expenses
Lain-lain 149.066.056 182.066.243 Miscellaneous
Total 571.823.594 623.931.872 Total
82
Laporan Tahunan 2023
Page 367
The original consolidated financial statements included herein 371
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
16. LIABILITAS SEWA 16. LEASE LIABILITIES
31 Des . 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Didiskontokan menggunakan suku Discounted using the indicative
bunga pinjaman inkremental indikatif incremental borrowing rate
pada awal periode 322.335.069 282.686.922 as at beginning period
Penambahan sewa 94.894.730 64.064.373 Addition of lease
Penambahan bunga 24.225.563 18.069.215 Accretion of interest
Selisih kurs (1.392.561) 2.323.828 Exchange rate difference
Pembayaran (59.676.224) (44.809.269) Payments
Total liabilitas sewa 380.386.577 322.335.069 Total lease liabilities
Dikurangi: Less:
Bagian jangka pendek 43.446.381 15.469.598 Current portion
Bagian jangka panjang 336.940.196 306.865.471 Long term portion
Estimasi arus kas keluar masa depan pada saat jatuh The estimated cash outflows by maturity calculated
tempo menggunakan tingkat suku bunga 5,96% - using interest rate of 5.96% - 9.78% for Rupiah and
9,78% untuk Rupiah dan 2,02% untuk Dolar AS per 2.02% for US Dollar per annum are as follows:
tahun adalah sebagai berikut:
Tahun yang Berakhir Pada Tanggal 31 Desember 2023/
Year Ended December 31, 2023
Arus kas keluar/ Komponen bunga/ Nilai kini/
Cash outflows Interest component Present value
Dalam 1 tahun 50.970.667 7.524.286 43.446.381 Within 1 year
Dalam 1-5 tahun 246.592.603 114.538.183 132.054.420 Within 1-5 years
Lebih dari 5 tahun 246.281.625 41.395.849 204.885.776 More than 5 years
Total 543.844.895 163.458.318 380.386.577 Total
Tahun yang Berakhir Pada Tanggal 31 Desember 2022/
Year Ended December 31, 2022
Arus kas keluar/ Komponen bunga/ Nilai kini/
Cash outflows Interest component Present value
Dalam 1 tahun 34.545.179 19.075.581 15.469.598 Within 1 year
Dalam 1-5 tahun 236.538.447 73.945.314 162.593.133 Within 1-5 years
Lebih dari 5 tahun 192.487.031 48.214.693 144.272.338 More than 5 years
Total 463.570.657 141.235.588 322.335.069 Total
Tidak ada opsi perpanjangan dan penghentian There is no extension and termination options
dimana Kelompok Usaha berpotensi memiliki which the Group is potentially exposed that are not
eksposur yang tidak termasuk dalam pengukuran reflected in the measurements of lease liabilities.
liabilitas sewa.
83
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Page 368
372 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
17. HUTANG BANK JANGKA PENDEK 17. SHORT-TERM BANK LOANS
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
ALR ALR
PT Bank Permata Tbk. 5.000.000 - PT Bank Permata Tbk.
Aruki Aruki
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
(US$100.038) - 1.573.705 (US$100,038)
Total 5.000.000 1.573.705 Total
ALR ALR
PT Bank Permata Tbk. (Permata) PT Bank Permata Tbk. (Permata)
ALR memiliki fasilitas Omnibus Revolving Loan dari ALR obtained an Omnibus Revolving Loan Facility
PT Bank Permata Tbk. dengan total limit from PT Bank Permata Tbk. with total limit
Rp18.000.000 yang mencakup (i) fasilitas pinjaman amounting to Rp18,000,000 with comprising of
berulang tanpa komitmen, (ii) Bank Garansi /Standby (i) uncommitted revolving loan facility, (ii) Bank
Letter of Credit (SBLC) dan (iii) Payable Services. Guarantee/Standby Letter of Credit (SBLC) and
Fasilitas ini tersedia sampai dengan tanggal (iii) Payable Services. This facility is available until
7 Oktober 2025. October 7, 2025.
Perjanjian pinjaman mengharuskan pemenuhan The loan agreement contains several loan
beberapa persyaratan oleh ALR, antara lain, untuk covenants whereby it requires ALR, among others,
mempertahankan sejumlah rasio keuangan serta to maintain certain financial ratios and not to
tidak mengubah komposisi pemegang. change the shareholders’ composition.
Aruki Aruki
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
Aruki memiliki fasilitas pinjaman dari PT Bank Mizuho Aruki obtained loan facilities from PT Bank Mizuho
Indonesia dengan total limit US$2.000.000 yang Indonesia with total limit amounting to
mencakup (i) fasilitas pinjaman berulang tanpa US$2,000,000 with comprising of (i) uncommitted
komitmen, (ii) fasilitas surat kredit berdokumen revolving loan facility, (ii) revolving letter of credit
berulang dan (iii) fasilitas forex line. Fasilitas ini telah facility, and (iii) forex line facility. This facility has
diperpanjang sampai dengan tanggal been extended until September 9, 2024.
9 September 2024.
Perjanjian pinjaman mengharuskan pemenuhan The loan agreement contains several loan
beberapa persyaratan oleh Aruki, antara lain, untuk covenants whereby it requires Aruki, among
mempertahankan sejumlah rasio keuangan, tidak others, to maintain certain financial ratios, not to
mengubah komposisi pemegang saham dan tidak change the shareholders’ composition and not to
menjaminkan atau menjual sahamnya. pledge or sell the shares.
Aruki telah melakukan pembayaran pinjaman Aruki has paid the related loan balance amounting
sebesar US$100.038 pada tahun yang berakhir pada to US$100,038 for the year ended December 31,
tanggal 31 Desember 2023. 2023.
84
Laporan Tahunan 2023
Page 369
The original consolidated financial statements included herein 373
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
17. HUTANG BANK JANGKA PENDEK (lanjutan) 17. SHORT-TERM BANK LOANS (continued)
Fasilitas kredit yang dijelaskan di atas dikenakan The above-mentioned credit facilities are subject to
tingkat suku bunga tahunan sebagai berikut: annual interest rates as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Rupiah 5,95% - 8,80% 3,98% - 8,25% Rupiah
Dolar AS 4,15% 6,92% US Dollar
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, the
manajemen berpendapat bahwa Kelompok Usaha management believes the Group has complied with
telah memenuhi semua persyaratan terkait all the relevant covenants as required under all the
sebagaimana diharuskan dalam semua perjanjian credit agreements mentioned above.
kredit di atas.
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Perusahaan The Company
PT Bank Central Asia Tbk. 721.875.000 956.250.000 PT Bank Central Asia Tbk.
PT Bank Mandiri (Persero) Tbk. 181.071.659 362.143.317 PT Bank Mandiri (Persero) Tbk.
Sub-total 902.946.659 1.318.393.317 Sub-total
UEPN dan Entitas Anak UEPN and Subsidiary
PT Bank Negara Indonesia (Persero) Tbk. 1.850.558.737 - PT Bank Negara Indonesia (Persero) Tbk.
Dana Syirkah Temporer - Dana Syirkah Temporer -
PT Bank Permata Tbk. 517.887.439 119.309.629 PT Bank Permata Tbk.
PT Indonesia Infrastructure Finance 496.428.744 495.552.129 PT Indonesia Infrastructure Finance
PT Berlian Jasa Terminal Indonesia 118.495.097 235.811.321 PT Berlian Jasa Terminal Indonesia
Sub-total 2.983.370.017 850.673.079 Sub-total
JTT JTT
PT Bank Permata Tbk. PT Bank Permata Tbk.
(31 Des. 2023: US$9.720.977; (Dec. 31, 2023: US$9,720,977;
31 Des. 2022: US$15.994.754) 149.858.574 251.613.468 Dec. 31, 2022: US$15,994,754)
Andahanesa dan Entitas Anak Andahanesa and Subsidiary
PT Bank Central Asia Tbk. 170.370.377 202.314.814 PT Bank Central Asia Tbk.
AST AST
PT Bank Central Asia Tbk. - 32.908.122 PT Bank Central Asia Tbk.
Total 4.206.545.627 2.655.902.800 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun 1.089.267.780 554.639.521 Less current maturities
Bagian jangka panjang 3.117.277.847 2.101.263.279 Long-term portion
85
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374 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
Perusahaan The Company
PT Bank Central Asia Tbk. (BCA) PT Bank Central Asia Tbk. (BCA)
Pada tanggal 27 November 2019, Perusahaan On November 27, 2019, the Company obtained a
mendapatkan fasilitas baru Installment Loan 4 dari new Installment Loan 4 facility from BCA
BCA sebesar Rp1.250.000.000 yang digunakan amounting to Rp1,250,000,000 which was used for
untuk membiayai kembali hutang obligasi. Fasilitas ini refinancing bonds payables. The facilities are:
terdiri dari:
i) Tranche A dengan jumlah Rp500.000.000 yang i) Tranche A amounting to Rp500,000,000 used
digunakan untuk membiayai kembali Obligasi I for refinancing B Series - Bonds I Year 2012.
Tahun 2012 Seri B. Periode ketersediaan dari The availability period of this facility was until
fasilitas ini sampai dengan Desember 2019 dan December 2019 and has been fully drawdown.
telah ditarik sepenuhnya.
ii) Tranche B dengan jumlah Rp750.000.000 yang ii) Tranche B amounting to Rp750,000,000 to
digunakan untuk membiayai kembali Obligasi be used for refinancing A Series - Shelf
Berkelanjutan I AKR Corporindo Tahap 1 Tahun Registration Bonds I AKR Corporindo 1st
2017 Seri A. Periode ketersediaan dari fasilitas Tranche Year 2017. The availability period of
ini sampai dengan Juli 2020 (Catatan 19) dan this facility was until July 2020 (Note 19) and
telah ditarik sepenuhnya. has been fully drawdown.
Fasilitas ini berjangka waktu 5 tahun sejak penarikan The term of this facility is 5 years since the first
pertama setiap Tranche (tidak ada masa tenggang). utilization date of each Tranche (with no grace
Pokok pinjaman dan bunga terhutang secara period). The loan principal and interest are payable
kuartalan. Perjanjian ini juga mengandung sejumlah on a quarterly basis. The loan agreement also
rasio keuangan yang serupa dengan fasilitas-fasilitas contains certain financial ratios similar to the other
lainnya yang diberikan oleh BCA kepada Perusahaan facilities provided by BCA to the Company (Note
(Catatan 34k). 34k).
Perusahaan telah melakukan pembayaran pinjaman The Company has paid the related loan balance
sebesar Rp234.375.000 untuk tahun yang berakhir amounted to Rp234,375,000 for the year ended
pada tanggal 31 Desember 2023 (2022: December 31, 2023 (2022: Rp146,875,000).
Rp146.875.000).
PT Bank Mandiri (Persero) Tbk. (Mandiri) PT Bank Mandiri (Persero) Tbk. (Mandiri)
Pada tanggal 2 Desember 2019, Perusahaan On December 2, 2019, the Company obtained a
mendapatkan Fasilitas Term Loan dari Mandiri Loan Term Facility from Mandiri amounting to
sebesar Rp600.000.000 yang digunakan untuk Rp600,000,000 which was used for refinancing
membiayai kembali Obligasi I AKR Corporindo Tahun part of the Series B of Bonds I AKR Corporindo
2012 Seri B, kebutuhan kegiatan usaha terkait Year 2012, business activities related to
investasi, dan general corporate purposes terkait investment, and general corporate purposes
fasilitas biaya keuangan. Periode ketersediaan dari related to financial facility costs. The availability
fasilitas ini adalah 6 (enam) bulan sejak tanggal period of this facility is 6 (six) months from the
penandatanganan. Pada tanggal 26 Maret 2020, signing date. As of March 26, 2020, the Company
Perusahaan telah menarik seluruh fasilitas pinjaman has fully drawdown the facility.
tersebut.
86
Laporan Tahunan 2023
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The original consolidated financial statements included herein 375
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
Perusahaan (lanjutan) The Company (continued)
PT Bank Mandiri (Persero) Tbk. (Mandiri) (lanjutan) PT Bank Mandiri (Persero) Tbk. (Mandiri)
(continued)
Fasilitas tersebut berjangka waktu 5 tahun sejak The term of this facility is 5 years since the first
tanggal awal Perjanjian Kredit atau 31 Desember Credit Agreement or December 31, 2024. The loan
2024. Pokok pinjaman harus dilunasi secara tiga- principal is repayable on a quarterly basis starting
bulanan dimulai bulan Maret 2020. Perjanjian ini March 2020. The loan agreement contains certain
mengandung sejumlah persyaratan yang serupa loan covenants similar to those facilities provided
dengan fasilitas-fasilitas lainnya yang diberikan oleh by Mandiri to the Company (Note 34i).
Mandiri kepada Perusahaan (Catatan 34i).
Perusahaan telah melakukan pembayaran pinjaman The Company has paid the related loan balance
sebesar Rp181.071.658 pada tahun yang berakhir amounting to Rp181,071,658 for the year ended
pada tanggal 31 Desember 2023 (2022: December 31, 2023 (2022: Rp120,714,439).
Rp120.714.439).
UEPN melalui Entitas Anak, BKMS UEPN through its Subsidiary, BKMS
PT Bank Negara Indonesia (Persero) Tbk. (BNI) PT Bank Negara Indonesia (Persero) Tbk. (BNI)
Pada tanggal 27 Juni 2023, BKMS telah On June 27, 2023, BKMS signed a term loan credit
menandatangani fasilitas kredit berjangka dengan facility with BNI with a total plafond of
BNI dengan total pinjaman sejumlah Rp2,000,000,000 under two tranches. The facility,
Rp2.000.000.000 dalam dua tranch. Fasilitas tersebut which bears interest at 3-months JIBOR plus a
dikenakan biaya bunga JIBOR 3 bulanan ditambah certain percentage margin, shall be used to
dengan persentase margin tertentu, yang digunakan refinance existing shareholder loans and a third-
untuk membiayai kembali pinjaman pemegang party loan. It has a tenor of 7 years with a certain
saham dan pinjaman pihak ketiga. Fasilitas ini portion to be settled no longer than December 10,
berjangka waktu 7 tahun dengan porsi tertentu yang 2027. The facility is secured by certain parcels of
harus diselesaikan paling lambat tanggal 10 land and fiduciary transfer of certain receivables.
Desember 2027. Fasilitas ini dijamin dengan
sejumlah bidang tanah dan pengalihan fidusia
piutang tertentu.
Fasilitas kredit ini juga mensyaratkan BKMS untuk It also requires BKMS to maintain several financial
memelihara sejumlah rasio keuangan. ratios.
Pada tanggal 31 Desember 2023, BKMS telah As of December 31, 2023, BKMS has withdrawn
melakukan penarikan sebesar Rp2.000.000.000. Hal Rp2,000,000,000. It is in compliance with all the
ini sesuai dengan semua kondisi yang dipersyaratkan conditions required in the agreement at the reporting
dalam perjanjian pada tanggal pelaporan. date.
BKMS telah melakukan pembayaran pinjaman BKMS has paid the related loan balance amounting
sebesar Rp140.182.930 pada tahun yang berakhir to Rp140,182,930 for the year ended December 31,
pada tanggal 31 Desember 2023. 2023.
87
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Page 372
376 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
UEPN melalui Entitas Anak, BKMS (lanjutan) UEPN through its Subsidiary, BKMS
(continued)
PT Indonesia Infrastructure Finance PT Indonesia Infrastructure Finance
Pada tanggal 11 Desember 2020, BKMS On December 11, 2020, BKMS signed a loan
menandatangani fasilitas pinjaman dengan facility with PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (IIF). Jumlah (IIF). The maximum amount of the credit facility is
maksimum fasilitas kredit adalah sebesar Rp500,000,000. This agreement bears interest at
Rp500.000.000. Perjanjian ini dikenakan bunga JIBOR plus a certain percentage margin as defined
sebesar JIBOR ditambah dengan persentase margin in the Agreement on a quarterly basis. This facility
tertentu sesuai dengan Perjanjian secara kuartalan. will be paid in 4 times installments with the
Fasilitas ini akan dibayar dengan 4 kali angsuran following details:
dengan rincian sebagai berikut:
- Angsuran pertama senilai Rp250.000.000 pada - The first installment is Rp250,000,000 in the
tahun keempat sejak ditandatanganinya fourth year after the signing of the agreement.
perjanjian.
- Angsuran kedua senilai Rp80.000.000 pada - The second installment is Rp80,000,000 in the
tahun kelima sejak ditandatanganinya perjanjian. fifth year after the signing of the agreement.
- Angsuran ketiga senilai Rp80.000.000 pada - The third installment is Rp80,000,000 in the
tahun keenam sejak ditandatanganinya sixth year after the signing of the agreement.
perjanjian.
- Angsuran keempat senilai Rp90.000.000 pada - The fourth installment is Rp90,000,000 in the
tahun ketujuh sejak ditandatanganinya seventh year after the signing of the
perjanjian. agreement.
Pinjaman ini dijamin dengan beberapa jaminan This loan is secured by several collaterals in
sesuai dengan ketentuan sebagai berikut: accordance with the following conditions, among
others:
1. Jaminan hak tanggungan tingkat pertama atas 1. First-rate mortgage for land developed and
tanah yang telah dikembangkan dan belum undeveloped in connection with BKMS’s
dikembangkan terkait dengan proyek milik project, where the value of the land object as
BKMS, yang nilai objek tanah sebagai bagian part of the IIF collateral is at least 150% (one
dari jaminan IIF paling sedikit 150% (seratus lima hundred and fifty percent) of the total facility or
puluh persen) dari total fasilitas atau dari total of the total owed stated on the loan (if
yang terhutang pinjaman (jika relevan). relevant).
2. Jaminan fidusia atas piutang yang terkait dengan 2. Fiduciary security for receivables related to
penjualan tanah pada Tahap I & II, dengan rasio land sales in Phase I & II, with a minimum
jaminan minimum 100% dari jumlah fasilitas. guaranteed ratio of 100% of the total facilities.
3. Jaminan gadai atas Rekening Penampungan, 3. Pawn guarantee for the Escrow Account,
beserta dengan surat kuasa yang tidak dapat together with an irrevocable power of attorney
ditarik kembali untuk mengelola Rekening to manage the Escrow Account.
Penampungan.
4. Surat kesanggupan dari pemegang saham yang 4. Letter of undertaking from the shareholders
berlaku efektif selama tenor fasilitas. that is effective during the tenor of the facility.
Lebih lanjut, fasilitas kredit ini juga mensyaratkan Furthermore, it also requires BKMS to maintain
BKMS untuk memelihara sejumlah rasio keuangan. several financial ratios.
88
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Page 373
The original consolidated financial statements included herein 377
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
UEPN melalui Entitas Anak, BKMS (lanjutan) UEPN through its Subsidiary, BKMS
(continued)
PT Indonesia Infrastructure Finance (lanjutan) PT Indonesia Infrastructure Finance (continued)
Pada tanggal 31 Desember 2023, BKMS telah As of December 31, 2023, BKMS has fully
menarik seluruh fasilitas pinjaman tersebut. drawdown the facility.
Tidak ada pokok hutang yang jatuh tempo pada No principal amount was due for the periods
periode pelaporan. presented.
Dana Syirkah Temporer - PT Bank Permata Tbk. Dana Syirkah Temporer - PT Bank Permata Tbk.
(Permata) (Permata)
BKMS telah menandatangani beberapa fasilitas BKMS signed several Shariah or Islamic financing
pembiayaan Syariah atau Islamic dengan Permata facilities with Permata under MMQ model
melalui model MMQ (“Musyarakah Mutanaqishah”) (“Musyarakah Mutanaqishah”) on August 25, 2022.
pada tanggal 25 Agustus 2022. Fasilitas tersebut The facilities are set for both project financing and
digunakan untuk pembiayaan proyek dan refinancing of certain supporting assets/facilities
pembiayaan kembali aset/fasilitas tertentu seperti such as waste-water treatment plant, freshwater
instalasi pengolahan air limbah, fasilitas air bersih, facilities, office buildings and others. The amount of
gedung perkantoran dan lainnya. Total fasilitas facilities totalled Rp749.1 billion which is to be
sejumlah Rp749,1 miliar dan akan dijamin dengan secured by the assets being financed. These
aset yang dibiayai. Fasilitas ini dikenakan biaya facilities are subject to interest at JIBOR plus a
bunga JIBOR ditambah dengan persentase margin certain percentage margin and have a tenor of 5
tertentu dan memiliki tenor selama 5 tahun. Fasilitas years. The facilities consist of several sub-tranches
tersebut terdiri dari beberapa sub-tranches - MMQ1, - MMQ1, MMQ2 and MMQ3 whereby each facility
MMQ2 dan MMQ3 dimana masing-masing fasilitas has a limit of Rp192.6 billion, Rp75 billion and
memiliki limit masing-masing sebesar Rp192,6 miliar, Rp481.5 billion, respectively, and targeted
Rp75 miliar dan Rp481,5 miliar, dan proyek yang projects.
ditargetkan.
Fasilitas kredit ini juga mensyaratkan BKMS untuk These financing facilities require BKMS to maintain
memelihara sejumlah rasio keuangan. several financial ratios.
Pada tanggal 31 Desember 2023, BKMS telah As of December 31, 2023, BKMS has withdrawn
melakukan penarikan sebesar Rp521.113.891, dan Rp521,113,891, and BKMS has met all the
BKMS telah memenuhi seluruh batasan yang covenants as required in the agreement.
dipersyaratkan dalam perjanjian.
BKMS telah melakukan pembayaran pokok pinjaman BKMS has paid the related loan principal facility
sebesar Rp36.424.403 pada tahun yang berakhir amounting to Rp36,424,403 for the year ended
pada tanggal 31 Desember 2023. December 31, 2023.
89
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Page 374
378 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
UEPN melalui Entitas Anak, BKMS (lanjutan) UEPN through its Subsidiary, BKMS
(continued)
PT Berlian Jasa Terminal Indonesia (BJTI) PT Berlian Jasa Terminal Indonesia (BJTI)
Pada tanggal 30 Desember 2015, BJTI (pemegang On December 30, 2015, BJTI (the holder of 40%
saham 40% dari BKMS) telah memberikan pinjaman shares in BKMS) provided a shareholder loan
pemegang saham kepada BKMS sebesar facility to BKMS at the amount of Rp80,000,000 for
Rp80.000.000 untuk pengembangan fasilitas the development of the integrated industrial estate
kawasan industri yang terintegrasi dengan and port facilities (JIIPE project). The facility is
Pelabuhan (proyek JIIPE). Pinjaman ini dikenakan subject to interest at JIBOR plus a certain
bunga sebesar JIBOR ditambah dengan persentase percentage margin, payable monthly.
margin tertentu, terhutang setiap bulan.
Tidak ada pokok hutang yang jatuh tempo pada No principal amount was due for the periods
periode pelaporan. presented.
Pada tanggal 30 Maret 2016, BKMS dan BJTI telah On March 30, 2016, BKMS and BJTI extended the
memperpanjang periode pinjaman di atas dan period of the above facility and obtained additional
memperoleh tambahan fasilitas sebesar facility amounting to Rp40,000,000. The facility is
Rp40.000.000. Pinjaman ini dikenakan bunga subject to interest at JIBOR plus a certain
sebesar JIBOR ditambah dengan persentase margin percentage margin, payable monthly.
tertentu, terhutang setiap bulan.
Pada tanggal 26 Februari 2020, BJTI (pemegang On February 26, 2020, BJTI (the holder of 40%
saham 40% dari BKMS) telah memberikan fasilitas shares in BKMS) provided a loan in the form of
pinjaman berupa Bantuan Likuiditas Sementara Temporary Shareholder Liquidity Funds to BKMS
kepada BKMS sebesar Rp200.000.000 untuk with facility of Rp200,000,000 to develop and
melakukan pengembangan dan pembelian lahan di purchase of land in the industrial estate. This
kawasan industri. Fasilitas ini akan jatuh tempo 5 facility will be due up to 5 (five) years after
(lima) tahun setelah tanggal penarikan. Pada tanggal withdrawal date. As of December 31, 2023, BKMS
31 Desember 2023, BKMS telah menarik sebesar has drawn down the facility of Rp150,000,000. The
Rp150.000.000. Saldo terutang termasuk fasilitas outstanding balance includes the short-term facility
jangka pendek yang telah diperpanjang sampai 30 which has been renewed to June 30, 2024.
Juni 2024.
BKMS telah melakukan pembayaran pinjaman BKMS has paid the loan balance amounting to
sebesar Rp117.316.224 pada tahun yang berakhir Rp117,316,224 for the year ended December 31,
pada tanggal 31 Desember 2023 (2022: 2023 (2022: Rp2,188,679).
Rp2.188.679).
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Page 375
The original consolidated financial statements included herein 379
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
JTT JTT
PT Bank Permata Tbk. (Permata) PT Bank Permata Tbk. (Permata)
Pada tanggal 30 Oktober 2018, JTT menandatangani On October 30, 2018, JTT signed a loan
perjanjian pinjaman dengan Permata, dimana agreement with Permata, whereby Permata
Permata setuju untuk memberikan dua fasilitas kredit agreed to provide two credit facilities to JTT.
kepada JTT.
Fasilitas yang tersedia adalah sebagai berikut: The facilities available are as follows:
i) Fasilitas Term Loan 1 (“Fasilitas TL 1”) yang i) Committed loan in the Term Loan 1 facility
bersifat committed sebesar US$21.500.000. (“TL 1 Facility”) at US$21,500,000. The
Fasilitas ini digunakan untuk pembiayaan purpose of the facility is to refinance the
kembali fasilitas pinjaman sebelumnya untuk previous loan facilities for the constructions of
pembangunan tangki penyimpanan produk- liquid products storage tanks and office
produk cair dan bangunan kantor Tahap I, dan building Phase I, and the facilities have been
fasilitas ini telah digunakan seluruhnya; fully utilized;
ii) Fasilitas Term Loan 2 (“Fasilitas TL 2”) yang ii) Committed loan in the Term Loan 2 facility (“TL
bersifat committed sebesar US$28.000.000. 2 Facility”) at US$28,000,000. The purpose of
Fasilitas ini digunakan untuk pembiayaan the facility is to finance the constructions of
investasi pembangunan tangki penyimpanan liquid product storage tanks for Phase IIA. The
produk-produk cair Tahap IIA. Penarikan first withdrawal was done in March 2019 and
pertama dilakukan pada Maret 2019 dan fasilitas the term of the facility is available up to
ini tersedia sampai dengan September 2020. September 2020. The last repayment of loan
Jatuh tempo pembayaran pokok pinjaman principle will due in January 2027.
terakhir adalah di bulan Januari 2027.
Pada tanggal 15 Desember 2021, Permata setuju On December 15, 2021, Permata agreed to provide
untuk memberikan tambahan fasilitas pinjaman additional facility of revolving loan to JTT at
berulang (revolving) kepada JTT sebesar US$1,500,000. The purpose of this facility is for
US$1.500.000. Tujuan dari fasilitas ini adalah untuk working capital.
modal kerja.
Pada tanggal 2 Desember 2022, fasilitas pinjaman On December 2, 2022, the revolving loan facility
berulang (revolving) telah diperpanjang sampai has been extended to October 7, 2025, with market
7 Oktober 2025 dengan tingkat bunga pasar per interest rate per annum.
tahun.
Fasilitas pinjaman ini dikenakan tingkat suku bunga The facilities are subject to the annual interest rate
tahunan yang berlaku untuk masing-masing Fasilitas applied for each facility which is the aggregate
yang merupakan penjumlahan suku bunga dasar percentage of the applicable margin and the base
dengan margin yang berlaku sesuai dengan rate as defined in the Agreement and interest is
Perjanjian dan bunga terhutang secara kuartalan. payable on a quarterly basis.
Fasilitas ini dijamin dengan jaminan hak pakai atas The Facilities are secured by security of rights to
bangunan kantor di Tanjung Priok, fasilitas tangki use of the office building at Tanjung Priok, tank
terminal, seluruh saham disetor JTT, rekening bank, terminal facilities, all the issued and paid-up shares
piutang, dan hasil klaim asuransi. of JTT, its bank accounts, receivables, and
proceeds from insurance claim.
91
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Page 376
380 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
JTT (lanjutan) JTT (continued)
PT Bank Permata Tbk. (Permata) (lanjutan) PT Bank Permata Tbk. (Permata) (continued)
Perjanjian ini mengandung sejumlah pembatasan The agreement also contains certain restrictions
dan persyaratan, termasuk pemenuhan rasio and requirements, including compliance with
keuangan tertentu. certain financial ratios.
JTT telah melakukan pembayaran pokok pinjaman JTT has paid the related loan principal facility
sebesar US$6.281.250 pada tahun yang berakhir amounting to US$6,281,250 for the year ended
pada tanggal 31 Desember 2023 (2022: December 31, 2023 (2022: US$4,841,756).
US$4.841.756).
Berdasarkan Akta Notaris Aulia Taufani, S.H., Based on the Notarial Deed of Aulia Taufani, S.H.,
No. 13 dan 14, serta Akta Addendum No. 12 tanggal No. 13 and 14, and Addendum of Notarial Deed
8 Maret 2019, JTT dan Vopak Indonesia B.V., selaku No. 12 dated March 8, 2019, JTT and Vopak
Para Pemegang Saham JTT menandatangani Indonesia B.V., as the Shareholders of JTT have
Perjanjian Pemberian Gadai Saham dengan signed a deed of the Shares Pledge Agreement
Permata, atas seluruh saham yang dimilikinya dan with Permata, for all shares that owned and
dikendalikan oleh pemegang saham JTT. Adapun controlled by the shareholders of JTT. The granting
pemberian gadai saham kepada Permata tersebut of share pledge to Permata is related with loan
terkait pemberian fasilitas perbankan yang telah facility has been given from Permata to JTT, used
diberikan oleh Permata kepada JTT, yang digunakan for support business activities to expand
untuk menunjang kegiatan usaha JTT guna capacity/build new tank and other facility. The
meningkatkan kapasitas/membangun tangki dan Company has made the Disclosure of Information
fasilitas penunjang lainnya. Perusahaan telah in its Letter No. 007/L-AKR-CS/2019 dated
melakukan Keterbukaan Informasi melalui Surat March 12, 2019 to OJK and IDX.
No. 007/L-AKR-CS/2019 tanggal 12 Maret 2019 ke
OJK dan BEI.
Andahanesa melalui Entitas Anak, TNU Andahanesa through its Subsidiary, TNU
PT Bank Central Asia Tbk. (BCA) PT Bank Central Asia Tbk. (BCA)
Pada tanggal 27 Oktober 2017, TNU memperoleh On October 27, 2017, TNU obtained an Investment
pinjaman Kredit Investasi dari BCA dengan Credit facility loan from BCA with maximum plafond
maksimum pinjaman sejumlah Rp250.000.000. totalling Rp250,000,000. The purpose of the facility
Tujuan fasilitas ini adalah untuk membiayai is to finance storage tanks Phase I in Tanjung
pembangunan tangki penyimpanan Tahap I di Perak Port, Surabaya. The term of the facility is 8
Pelabuhan Tanjung Perak, Surabaya. Fasilitas ini years (including a grace period of 18 months from
berjangka waktu 8 tahun (termasuk grace period 18 the first utilization date or at the latest by
bulan sejak penarikan pertama atau selambat- January 31, 2019). In May 2020, BCA gave a grace
lambatnya pada tanggal 31 Januari 2019). Pada period of 9 months principal installments
bulan Mei 2020, BCA memberikan grace period commencing from May 2020 installments until
angsuran pokok 9 bulan terhitung sejak angsuran January 2021 and an additional tenor for 9 months.
bulan Mei 2020 sampai dengan Januari 2021 dan
penambahan tenor selama 9 bulan.
Pada tanggal 25 Januari 2021, BCA lebih lanjut On January 25, 2021, BCA further extended the
memberikan perpanjangan grace period angsuran grace period of principal installments for 12 months
pokok selama 12 bulan terhitung sejak angsuran from February 2021 to February 2022 and the
bulan Februari 2021 sampai dengan Februari 2022 addition of investment credit facility tenor for 12
dan penambahan tenor fasilitas kredit investasi months.
selama 12 bulan.
92
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The original consolidated financial statements included herein 381
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
Andahanesa melalui Entitas Anak, TNU (lanjutan) Andahanesa through its Subsidiary, TNU
(continued)
PT Bank Central Asia Tbk. (BCA) (lanjutan) PT Bank Central Asia Tbk. (BCA) (continued)
Fasilitas ini dijamin dengan seluruh aset yang dibiayai The facility is secured by the related assets
oleh fasilitas ini mencakup 13 unit tangki financed by the facility covering 13 units of storage
penyimpanan. tanks.
Fasilitas ini juga mengharuskan pemenuhan It requires the compliance with certain covenants,
sejumlah persyaratan, antara lain, (i) Perusahaan among others, (i) the Company shall retain control
mempertahankan kepemilikannya paling sedikit of at least 50.1% of TNU directly or indirectly, and
sebesar 50,1% atas TNU, baik secara langsung (ii) compliance with certain financial ratios. As of
ataupun tidak langsung, serta (ii) pemenuhan December 31, 2023, the compliance with financial
sejumlah rasio keuangan tertentu. Pada tanggal 31 ratios required by BCA has been approved to be
Desember 2023, pemenuhan rasio keuangan yang waived.
dipersyaratkan oleh BCA telah disetujui untuk di
waived.
TNU telah melakukan pembayaran pinjaman sebesar TNU has paid the related loan facility amounting to
Rp31.944.437 pada tahun yang berakhir pada Rp31,944,437 for the year ended December 31,
tanggal 31 Desember 2023 (2022: Rp10.648.149). 2023 (2022: Rp10,648,149).
PT AKR Sea Transport (AST) PT AKR Sea Transport (AST)
PT Bank Central Asia Tbk. (BCA) PT Bank Central Asia Tbk. (BCA)
Pada tanggal 8 Februari 2018, AST memperoleh On February 8, 2018, AST obtained an Investment
pinjaman Kredit Investasi dari BCA dengan Credit facility loan from BCA with maximum plafond
maksimum pinjaman sejumlah Rp220.000.000. amounting to Rp220,000,000. The purpose of the
Tujuan fasilitas ini adalah untuk pembelian 2 unit facility is to finance the purchase of 2 units of vessel
kapal (oil tanker dan chemical tanker). Fasilitas ini (oil tanker and chemical tanker). The term of the
berjangka waktu 6 tahun (termasuk masa tenggang facility is 6 years (including a grace period of 12
12 bulan) sejak penarikan pertama. Pinjaman ini months) from the first utilization date. This loan is
dijamin dengan aset yang dibiayai oleh fasilitas Kredit secured by assets financed by BCA Investment
Investasi BCA. Pokok pinjaman harus dilunasi secara Credit facility. The loan principal is repayable
bulanan mulai bulan Juni 2019 sampai dengan Mei monthly starting June 2019 to May 2024.
2024.
BCA juga mensyaratkan AST untuk BCA also requires AST to maintain certain financial
mempertahankan rasio keuangan tertentu. ratios.
AST telah melakukan pelunasan pinjaman sebesar AST has fully paid the related loan facility
Rp33.333.332 pada tahun yang berakhir pada amounted to Rp33,333,332 for the year ended
tanggal 31 Desember 2023 (2022: Rp72.999.999). December 31, 2023 (2022: Rp72,999,999).
Semua fasilitas kredit yang dijelaskan di atas All the above-mentioned credit facilities are subject
dikenakan tingkat suku bunga tahunan sebagai to annual interest rates as follows:
berikut:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Dolar AS 6,32% - 7,64% 2,37% - 6,33% US Dollar
Rupiah 6,50% - 11,11% 3,98% - 8,25% Rupiah
93
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382 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG DAN 18. LONG-TERM BANK LOANS AND OTHERS
LAINNYA (lanjutan) (continued)
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, management
manajemen berpendapat bahwa Kelompok Usaha believes that the Group has complied with all the
telah memenuhi semua persyaratan terkait relevant covenants as required under all the credit
sebagaimana diharuskan dalam semua perjanjian agreements mentioned above.
kredit di atas.
19. HUTANG OBLIGASI 19. BONDS PAYABLES
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Jumlah pokok hutang Principal amount of payables
Seri C - 2017 37.000.000 37.000.000 C Series - 2017
Biaya emisi yang belum diamortisasi (166.063) (248.321) Unamortized issuance costs
Total 36.833.937 36.751.679 Total
Obligasi Berkelanjutan I AKR Corporindo Tahap 1 Shelf Registration Bonds I AKR Corporindo 1st
Tahun 2017 Tranche Year 2017
Berdasarkan Perjanjian Perwaliamanatan yang Based on the Trusteeship Agreement as notarized
diaktakan oleh Aryanti Artisari, S.H., M.Kn., dalam by Aryanti Artisari, S.H., M.Kn., in Deed No. 83
Akta No. 83 tanggal 30 Maret 2017, juncto Addendum dated March 30, 2017, juncto Amendment I No. 79
I No. 79 tanggal 24 Mei 2017 dan Addendum II No. 25 dated May 24, 2017 and Amendment II No. 25
tanggal 12 Juni 2017 oleh notaris yang sama, dated June 12, 2017 of the same notary, PT Bank
PT Bank Mega Tbk. (sebagai pihak independen) telah Mega Tbk. (as an independent party) has been
ditunjuk sebagai Wali Amanat dalam rangka appointed as the Trustee of the Bondholders in
Penawaran Umum Obligasi Berkelanjutan I AKR conjunction with the Shelf Registration Bonds I
Corporindo Tahap 1 Tahun 2017. AKR Corporindo 1st Tranche Year 2017.
Obligasi Berkelanjutan I AKR Corporindo Tahap 1 The Shelf Registration Bonds I AKR Corporindo 1st
Tahun 2017 ini diterbitkan tanpa warkat berjangka Tranche Year 2017 were issued scriptless,
waktu paling lama 7 (tujuh) tahun dengan maximum 7 (seven) years with the terms and
syarat-syarat dan ketentuan-ketentuan Obligasi conditions of the Bonds as follows:
sebagai berikut:
Pemeringkatan
Bunga tetap
oleh/ Jatuh tempo
(dibayar secara 3-
Seri/ Rating by Tercatat/ (secara penuh)/ Nominal/ Jaminan/
bulanan)/
Series PT Pemeringkat Listed Maturity (bullet Amount Security
Fixed rate
Efek Indonesia payment)
(quarterly payment)
(PEFINDO)
idAA (Double A) Bursa Efek
dengan Outlook Indonesia/ 7 Jul. 2024/ Tidak dijamin/
Seri C Rp37.000.000 9,00%
Stabil/with Stable Indonesia Stock Jul. 7, 2024 Unsecured
Outlook Exchange
Tujuan dari penerbitan Obligasi Berkelanjutan I AKR The purpose of the Shelf Registration Bonds I AKR
Corporindo Tahap 1 Tahun 2017, dipergunakan Corporindo 1st Tranche Year 2017 used entirely for
seluruhnya oleh Perusahaan untuk modal kerja working capital required in the trading and
segmen distribusi dan perdagangan dalam rangka distribution segment for procurement of petroleum
pembelian bahan bakar minyak (BBM) dan bahan and chemical.
kimia dasar.
94
Laporan Tahunan 2023
Page 379
The original consolidated financial statements included herein 383
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
19. HUTANG OBLIGASI (lanjutan) 19. BONDS PAYABLES (continued)
Obligasi Berkelanjutan I AKR Corporindo Tahap 1 Shelf Registration Bonds I AKR Corporindo 1st
Tahun 2017 (lanjutan) Tranche Year 2017 (continued)
Pada tanggal 7 Juli 2020, Perusahaan telah On July 7, 2020, the Company has paid the Shelf
melakukan pembayaran Obligasi Berkelanjutan I Registration Bonds I AKR Corporindo 1st Tranche
AKR Corporindo Tahap 1 Tahun 2017 Seri A sebesar 1 Year 2017 A Series amounting to
Rp895.000.000, dimana Rp750.000.000 dilunasi Rp895,000,000, where Rp750,000,000 with a long-
dengan fasilitas pinjaman jangka panjang dari bank term loan facility from bank (Note 18), and the
(Catatan 18), dan sisa sebesar Rp145.000.000 remaining of Rp145,000,000 using internal cash
dilunasi dengan kas internal dari operasi. Perusahaan from operations. The Company has made the
telah melakukan Keterbukaan Informasi melalui Surat Disclosure of Information in its Letter
No. 125/L-AKR-CS/2020 tanggal 24 Juni 2020 ke No. 125/L-AKR-CS/2020 dated June 24, 2020 to
OJK dan BEI. OJK and IDX.
Pemeringkatan dari PEFINDO berlaku dari The rating from PEFINDO is valid from
8 Maret 2023 sampai dengan 1 Maret 2024 yaitu March 8, 2023 to March 1, 2024 i.e idAA (double A)
idAA (double A) dengan Outlook Stabil untuk with Stable Outlook for the Company and Shelf
Perusahaan dan Obligasi Berkelanjutan I AKR Registration Bonds I AKR Corporindo 1st Tranche
Corporindo Tahun 2017 Tahap 1 Seri B dan Seri C. Year 2017, B series and C series. Provided that the
Seandainya hasil pemeringkatan Obligasi turun di rating of the Bonds drops below single A, the
bawah single A, Perusahaan diharuskan untuk Company is required to provide a sinking fund of
membentuk cadangan dana pelunasan sebesar 10% 10% from principal amount of the Bonds. For the
dari jumlah pokok obligasi. Atas hal tersebut, matter, the Company has made the Disclosure of
Perusahaan telah melakukan Keterbukaan Informasi Information in its Letter No. 010/L-AKR-CS/2023
melalui Surat No. 010/L-AKR-CS/2023 tanggal dated March 14, 2023 to OJK and IDX.
14 Maret 2023 ke OJK dan BEI.
Berdasarkan persyaratan dan kondisi dalam Under the terms and conditions of the Trusteeship
Perjanjian Perwaliamanatan, Perusahaan tanpa Agreement, the Company without prior written
persetujuan tertulis dari Wali Amanat, tidak consent from the Trustee, is not allowed to dispose
diperkenankan untuk menjual aset tetap Kelompok the Group’s property, plant and equipment
Usaha melebihi 50% dari jumlah konsolidasian, exceeding 50% of its total consolidated amounts,
melakukan merger dengan sejumlah pengecualian, conduct merger with certain exceptions, change its
mengubah aktivitas usahanya, mengurangi modal business activities, reduce capital and provide
dan memberikan pinjaman kepada pihak ketiga loans to other third parties with certain exceptions.
lainnya dengan sejumlah pengecualian.
Berdasarkan persyaratan dan kondisi dalam Under the terms and conditions of the Trusteeship
Perjanjian Perwaliamanatan, Perusahaan diharuskan Agreement, the Company is required to comply
untuk mematuhi sejumlah persyaratan rasio with certain financial ratios. The Bonds are also
keuangan. Obligasi ini juga mengandung cross subject to cross default of other borrowings which
default terhadap pinjaman lainnya dengan jumlah total amounts exceeding 30% of total equity at such
melebihi 30% dari jumlah ekuitas pada tanggal date.
tersebut.
Perusahaan tidak melakukan Penawaran Umum The Company did not proceed with the next phase
Obligasi Berkelanjutan 2017 untuk tahap selanjutnya of its Shelf Registration Public Offering of Bonds
karena tingkat likuiditas dan rasio permodalan 2017 as the Company’s liquidity and capital ratios
Perusahaan masih terjaga dengan baik. Perusahaan are still well maintained. The Company has made
telah melakukan Keterbukaan Informasi melalui Surat the Disclosure of Information in its Letter
No. 053/L-AKR-CS/2019 tanggal 18 September 2019 No. 053/L-AKR-CS/2019 dated September 18,
ke OJK dan BEI. 2019 to OJK and IDX.
95
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Page 380
384 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
19. HUTANG OBLIGASI (lanjutan) 19. BONDS PAYABLES (continued)
Obligasi Berkelanjutan I AKR Corporindo Tahap 1 Shelf Registration Bonds I AKR Corporindo 1st
Tahun 2017 (lanjutan) Tranche Year 2017 (continued)
Pada tanggal 7 Juli 2022, Perusahaan telah On July 7, 2022, the Company paid the Shelf
melakukan pembayaran Obligasi Berkelanjutan I Registration Bonds I AKR Corporindo Tranche 1
AKR Corporindo Tahap 1 Tahun 2017 Seri B sebesar Year 2017 B Series amounting to Rp68,000,000
Rp68.000.000 dilunasi dengan kas internal dari hasil using internal cash from operations. The Company
operasi. Perusahaan telah melakukan Keterbukaan has made the Disclosure of Information in its Letter
Informasi melalui Surat No. 059/L-AKR-CS/2022 No. 059/L-AKR-CS/2022 dated July 12, 2022 to
tanggal 12 Juli 2022 ke OJK dan BEI. OJK and IDX.
Pada tanggal 31 Desember 2023 dan 2022, As of December 31, 2023 and 2022, management
manajemen berpendapat bahwa Perusahaan telah believes that the Company has complied with all
memenuhi semua persyaratan terkait sebagaimana the relevant covenants as required under the
diharuskan dalam Perjanjian Perwaliamanatan. Trusteeship Agreement.
20. KEPENTINGAN NONPENGENDALI 20. NON-CONTROLLING INTERESTS
Selisih
Kurs Karena Bagian Atas
Penjabaran Perubahan
Laporan Lainnya
Bagian Atas Keuangan/ Dari Ekuitas
Laba (Rugi) Exchange Entitas Anak/
Saldo Tahun Berjalan/ Difference Due to Share of Other Penambahan Saldo
1 Januari 2023/ Equity in Translation of Changes Investasi/ 31 Desember 2023/
Anak Perusahaan/ Balance Current Net Financial in Equity of Additional of Balance
Subsidiaries January 1, 2023 Earnings (Losses) Statements Subsidiary Investment December 31, 2023
PT Jakarta Tank Terminal 507.477.015 4.943.419 (10.707.112) - - 501.713.322
PT Berkah Kawasan Manyar
Sejahtera,
entitas anak UEPN 1.227.080.754 356.147.488 - - - 1.583.228.242
PT Terminal Nilam Utara,
entitas anak Andahanesa 30.998.554 2.331.163 - 47 44.000.000 77.329.764
PT Dirgantara Petroindo Raya,
entitas anak AKRIDA 35.049.654 (6.026.255) - - 5.152.873 34.176.272
PT Aneka Petroindo Raya,
entitas anak AKRIDA 368.582.385 (59.339.640) - 4.902 254.629.317 563.876.964
PT Anugerah Lubrindo Raya,
entitas anak AKRIDA 4.852.307 463.049 - - - 5.315.356
PT Anugerah Kimia Indonesia.
entitas anak ANI 6.642.427 106.082 - - - 6.748.509
PT Berkah Buana Energi 5.264.992 (505.116) - - 3.185.000 7.944.876
Total 2.185.948.088 298.120.190 (10.707.112) 4.949 306.967.190 2.780.333.305
Selisih
Kurs Karena Bagian Atas
Penjabaran Perubahan
Laporan Lainnya
Bagian Atas Keuangan/ Dari Ekuitas
Laba (Rugi) Exchange Entitas Anak/
Saldo Tahun Berjalan/ Difference Due to Share of Other Penambahan Saldo
1 Januari 2022/ Equity in Translation of Changes Investasi/ 31 Desember 2022/
Anak Perusahaan/ Balance Current Net Financial in Equity of Additional of Balance
Subsidiaries January 1, 2022 Earnings (Losses) Statements Subsidiary Investment December 31, 2022
PT Jakarta Tank Terminal 459.023.875 882.127 47.571.013 - - 507.477.015
PT Berkah Kawasan Manyar
Sejahtera,
entitas anak UEPN 1.060.922.752 166.158.002 - - - 1.227.080.754
PT Terminal Nilam Utara,
entitas anak Andahanesa 38.578.905 (7.580.351) - - - 30.998.554
PT Dirgantara Petroindo Raya,
entitas anak AKRIDA 40.381.060 (5.331.406) - - - 35.049.654
PT Aneka Petroindo Raya,
entitas anak AKRIDA 338.530.865 (74.202.503) - 434 104.253.589 368.582.385
PT Anugerah Lubrindo Raya,
entitas anak AKRIDA 4.859.895 (7.588) - - - 4.852.307
PT Anugerah Kimia Indonesia,
entitas anak ANI 10.679.259 (4.036.832) - - - 6.642.427
PT Berkah Buana Energi 872.173 (157.181) - - 4.550.000 5.264.992
Total 1.953.848.784 75.724.268 47.571.013 434 108.803.589 2.185.948.088
96
Laporan Tahunan 2023
Page 381
The original consolidated financial statements included herein 385
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
20. KEPENTINGAN NONPENGENDALI (lanjutan) 20. NON-CONTROLLING INTERESTS (continued)
Ringkasan informasi keuangan BKMS, entitas anak The summarized financial information of BKMS, a
yang dimiliki 60% oleh UEPN sebelum eliminasi subsidiary held 60% by UEPN before elimination is
disajikan di bawah ini: provided below:
Laporan posisi keuangan Statement of financial position
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Aset Lancar 5.207.857.544 4.445.268.810 Current Assets
Aset Tidak Lancar 4.704.322.477 3.651.366.720 Non-Current Assets
Liabilitas Jangka Pendek 3.240.951.167 3.722.511.716 Current Liabilities
Liabilitas Jangka Panjang 2.464.897.024 1.074.871.870 Non-Current Liabilities
Ekuitas yang dapat diatribusikan Equity attributable to the owners
kepada pemilik Perusahaan 4.206.331.830 3.299.251.944 of the Company
Dalam Rapat Umum Pemegang Saham Tahunan Based on the Annual General Shareholders’
yang diselenggarakan pada tanggal 26 April 2018, Meeting held on April 26, 2018, the BKMS's
para pemegang saham BKMS menyetujui pembagian shareholders approved the declaration of
dividen sebesar Rp135.269.845 (termasuk bagian dividends of Rp135,269,845 (including the portion
untuk Pemegang Saham Pengendali) dari laba tahun for the Controlling Interest) out of the profit for the
2015, 2016 dan 2017. Pembayaran dividen year 2015, 2016 and 2017. The payment is subject
tergantung ketersediaan kas setelah to availability of cashflows after reserve for bank
memperhitungkan pembayaran hutang bank dan and shareholder loans, the outstanding balance to
pemegang saham, saldo hutang dividen kepada the NCI of which is presented under “Dividend
pihak nonpengendali disajikan dalam “Hutang Payable”.
Dividen”.
21. MODAL SAHAM 21. CAPITAL STOCK
31 Desember 2023/ 31 Desember 2022/
December 31, 2023 December 31, 2022
Total Persentase Total Modal Total Persentase Total Modal
Saham/ Kepemilikan/ Disetor/ Saham/ Kepemilikan/ Disetor/
Number of Percentage of Total Paid-up Number of Percentage of Total Paid-up
Nama Pemegang Saham Shares Ownership Capital Shares Ownership Capital Names of Shareholders
PT Arthakencana Rayatama 12.077.492.600 60,17% 241.549.852 11.963.130.600 59,60% 239.262.612 PT Arthakencana Rayatama
Haryanto Adikoesoemo 203.604.600 1,01% 4.072.092 172.204.300 0,86% 3.444.086 Haryanto Adikoesoemo
Soegiarto Adikoesoemo 100.604.800 0,50% 2.012.096 70.781.800 0,35% 1.415.636 Soegiarto Adikoesoemo
Jimmy Tandyo 37.500.000 0,19% 750.000 36.000.000 0,18% 720.000 Jimmy Tandyo
Bambang Soetiono 3.780.000 0,02% 75.600 3.780.000 0,02% 75.600 Bambang Soetiono
Suresh Vembu 3.627.500 0,02% 72.550 3.627.500 0,02% 72.550 Suresh Vembu
Mery Sofi 603.000 0,00% 12.060 4.553.000 0.02% 91.060 Mery Sofi
Nery Polim 450.000 0,00% 9.000 450.000 0,00% 9.000 Nery Polim
Termurti Tiban 50.000 0,00% 1.000 50.000 0,00% 1.000 Termurti Tiban
Masyarakat (masing-masing
di bawah kepemilikan 5%) 7.309.457.100 36.41% 146.189.142 7.482.592.400 37,27% 149.651.848 Public (each below 5% ownership)
Sub-total 19.737.169.600 98.32% 394.743.392 19.737.169.600 98,32% 394.743.392 Sub-total
Saham treasuri 336.305.000 1.68% 6.726.100 336.305.000 1,68% 6.726.100 Treasury stocks
Total 20.073.474.600 100,00% 401.469.492 20.073.474.600 100,00% 401.469.492 Total
97
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Page 382
386 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
21. MODAL SAHAM (lanjutan) 21. CAPITAL STOCK (continued)
Pada Rapat Umum Pemegang Saham Luar Biasa Based on the Extraordinary Shareholders Meeting
yang telah diaktakan dengan Akta Notaris Aulia which was notarized by Notarial Deed No. 37 of
Taufani, S.H., No. 37 tanggal 20 Desember 2021, Aulia Taufani, S.H., dated December 20, 2021, the
para pemegang saham menyetujui untuk melakukan shareholders agreed to conduct a stock split with a
pemecahan nilai nominal saham dengan rasio 1:5 ratio of 1:5 with a nominal value of Rp100 (in full
dengan nilai nominal Rp100 (dalam Rupiah penuh) Rupiah) to Rp20 (in full Rupiah), thus the authorized
menjadi Rp20 (dalam Rupiah penuh) sehingga share capital increased from initial 7,500,000,000
jumlah saham dasar semula dari 7.500.000.000 shares to 37,500,000,000 shares, and issued and
saham naik menjadi 37.500.000.000 saham dan fully paid shares increased from 4,014,694,920
jumlah saham ditempatkan dan disetor penuh dari shares to 20,073,474,600 shares. This changes is
semula 4.014.694.920 saham menjadi effective since January 12, 2022 as approved by
20.073.474.600 saham. Perubahan ini berlaku sejak IDX (Note 1c).
tanggal 12 Januari 2022 sesuai dengan persetujuan
dari BEI (Catatan 1c).
Saham Treasuri Treasury Shares
Perusahaan melaksanakan pembelian kembali The Company has conducted shares buyback
saham yang beredar dalam jangka waktu paling lama within a maximum period of 3 months, from
3 bulan, antara tanggal 16 Maret 2020 sampai March 16, 2020 up to June 12, 2020. The Company
dengan tanggal 12 Juni 2020. Perusahaan allocated the maximum amount of Rp500,000,000
mengalokasikan dana sebanyak-banyaknya with maximum buyback of 172,631,882 shares or
Rp500.000.000 untuk pembelian maksimum approximately 4.3% of the Company’s total issued
sejumlah 172.631.882 lembar saham atau sekitar and fully paid shares.
4,3% dari seluruh saham ditempatkan dan disetor
penuh Perusahaan.
Program ini sesuai dengan Peraturan Otoritas Jasa The Program shall be in compliance with the
Keuangan (OJK) No. 2/POJK.04/2013. Manajemen Financial Services Authority Regulation (OJK)
Perusahaan berkeyakinan bahwa Program ini dapat No. 2/POJK.04/2013. The management believes
mengembalikan kepercayaan investor kepada that the Program can increase and bring back
Perusahaan dan harga saham Perusahaan dapat investors’ confidence in the Company and its share
mencerminkan nilai yang sepadan dengan kelipatan price can reflect the value that is based on market
pasar. multiples.
Perusahaan telah melakukan buyback saham The Company has made a buyback 67,261,000
treasuri sebanyak 67.261.000 saham (setara dengan treasury shares (equivalent to 336,305,000 after
336.305.000 setelah stock split di Januari 2022) stock split in January 2022) acquisition at a total
dengan harga perolehan sebesar Rp118.071.864, cost of Rp118,071,864, which presented as
yang disajikan sebagai akun “Saham Treasuri” yang “Treasury Shares” account that deducted the
mengurangi ekuitas pada laporan posisi keuangan equity in the consolidated statement of financial
konsolidasian. Buyback saham dilakukan sebelum position. Stock buyback is done before the stock
stock split. split.
Perusahaan telah melakukan Keterbukaan Informasi The Company has made the Disclosure of
melalui Surat No. 016/L-AKR-CS/2020 tanggal Information in its Letter No. 016/L-AKR-CS/2020
13 Maret 2020 ke OJK dan BEI. dated March 13, 2020 to OJK and IDX.
98
Laporan Tahunan 2023
Page 383
The original consolidated financial statements included herein 387
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
21. MODAL SAHAM (lanjutan) 21. CAPITAL STOCK (continued)
Saham Treasuri (lanjutan) Treasury Shares (continued)
Seperti yang diungkapkan pada Surat As disclosed in its Letter No. 072/L-AKR-CS/2023
No. 072/L-AKR-CS/2023 tanggal 19 September 2023 dater September 19, 2023 to OJK, the Company
ke OJK, Perusahaan berencana untuk mengalihkan planned to transfer a portion of the shares (or
sebagian saham (atau sebanyak 156.500.000 156,500,000 shares) from the buyback (treasury
saham) dari saham hasil pembelian kembali (saham shares) through the Management and Employees
treasuri) dalam bentuk Program Pemberian Hak Opsi Stock Option Program (“MESOP”). The MESOP
Kepemilikan Saham kepada Manajemen dan shall be granted to selected participants
Karyawan Perusahaan (“MESOP’). MESOP ini akan (“Participants”), whereby these option rights will
diberikan kepada para peserta terpilih (“Peserta”), later give the Participants the right to purchase (or
yang mana hak opsi tersebut kemudian akan exercise) a number of the Company’s shares, with
diberikan kepada Peserta untuk membeli (atau the terms and conditions determined and regulated
melaksanakan) sejumlah saham Perusahaan, in the Program. The exercise of the Option shall be
dengan syarat dan ketentuan yang ditentukan dan made after the approval from the AGM to be held
diatur dalam Program. Pelaksanaan dari hak opsi in 2024.
akan dilakukan setelah persetujuan dari RUPS yang
akan diselenggarakan di tahun 2024.
Opsi Saham Share Options
Opsi saham yang diberikan dapat dieksekusi selama The share options granted per phase are
tiga tahun dengan periode pelaksanaan sebagai exercisable over the next three years with the
berikut: following exercise period:
Total opsi Total options
MESOP MESOP
Phase I - Agustus 2024 15.650.000 Phase I - August 2024
Phase II - Agustus 2025 46.950.000 Phase II - August 2025
Phase III.A - 1-26 Mei 2026 46.950.000 Phase III.A - May 1-26, 2026
Phase III.B - 1-26 Mei 2026 46.950.000 Phase III.B - May 1-26, 2026
Total opsi yang diberikan 156.500.000 Total options granted
22. TAMBAHAN MODAL DISETOR 22. ADDITIONAL PAID-IN CAPITAL
Pada tanggal 31 Desember 2023 dan 2022, rincian As of December 31, 2023 and 2022, the Additional
akun Tambahan Modal Disetor adalah sebagai Paid-in Capital account details are as follows:
berikut:
Penawaran Umum Saham Perdana - 1994 6.000.000 Initial Public Offering - 1994
Biaya emisi efek Share issuance costs -
Rights Issue I (2004) (5.616.855) Rights Issue I (2004)
Rights Issue II (2010), Rights Issue II (2010),
setelah dikurangi dengan biaya net-against share issuance
emisi efek sebesar Rp8.257.089 468.763.370 costs at Rp8,257,089
Pelaksanaan MSOP 792.973.325 Exercise of MSOP
Selisih nilai transaksi restrukturisasi Difference in values of restructuring
entitas sepengendali 25.043.217 transactions of entities under common control
Total 1.287.163.057 Total
99
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Page 384
388 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
22. TAMBAHAN MODAL DISETOR (lanjutan) 22. ADDITIONAL PAID-IN CAPITAL (continued)
Selisih nilai transaksi restrukturisasi entitas Difference in values of restructuring transactions of
sepengendali merupakan selisih antara nilai tercatat entities under common control represent the
penyertaan saham di buku pihak pengalih (PT AKRT, difference between the carrying values of the
pemegang saham utama Perusahaan) dan nilai investments in the books of the transferor
perolehan Perusahaan pada tanggal efektif dari (PT AKRT, the Company’s major shareholder) and
transaksi restrukturisasi Khalista (Liuzhou) Chemical the acquisition costs of the Company at effective
Industries Ltd. (dahulu merupakan entitas anak) dan date from the restructuring transactions of Khalista
Andahanesa, masing-masing sebesar Rp24.463.397 (Liuzhou) Chemical Industries Ltd. (a former
dan Rp579.820. subsidiary) and Andahanesa amounting to
Rp24,463,397 and Rp579,820, respectively.
23. BAGIAN ATAS PERUBAHAN LAINNYA DARI 23. SHARE OF OTHER CHANGES IN EQUITY OF
EKUITAS ENTITAS ANAK SUBSIDIARIES
31 Desember 2023/December 31, 2023
Penambahan
Saldo Awal/ (Pengurangan)/ Saldo Akhir/
Beginning Additions Ending
Balance (Deductions) Balance
JTT 70.963.060 - 70.963.060 JTT
UEPN 2.838.223 - 2.838.223 UEPN
Anugrah (4.794.465) - (4.794.465) Anugrah
Andahanesa (1.339) (47) (1.386) Andahanesa
AKRIDA (4.330) (4.902) (9.232) AKRIDA
Neto 69.001.149 (4.949) 68.996.200 Net
31 Desember 2022/December 31, 2022
Penambahan
Saldo Awal/ (Pengurangan)/ Saldo Akhir/
Beginning Additions Ending
Balance (Deductions) Balance
JTT 70.963.060 - 70.963.060 JTT
UEPN 2.838.223 - 2.838.223 UEPN
Anugrah (4.794.465) - (4.794.465) Anugrah
Andahanesa (1.339) - (1.339) Andahanesa
AKRIDA (3.896) (434) (4.330) AKRIDA
Neto 69.001.583 (434) 69.001.149 Net
100
Laporan Tahunan 2023
Page 385
The original consolidated financial statements included herein 389
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
24. PENDAPATAN DARI KONTRAK DENGAN 24. REVENUE FROM CONTRACT WITH
PELANGGAN CUSTOMERS
Di bawah ini adalah pemisahan pendapatan Set out below is the disaggregation of the Group’s
Kelompok Usaha dari kontrak dengan pelanggan revenue from contracts with customers for the year
untuk tahun yang berakhir pada tanggal 31 Desember ended December 31, 2023 and 2022:
2023 dan 2022:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Berdasarkan produk dan jasa By product and services
Perdagangan dan distribusi Trading and distribution
Bahan Bakar Minyak (BBM) Petroleum
Pihak berelasi (Catatan 32) 1.614.867 1.306.847 Related parties (Note 32)
Pihak ketiga 31.867.050.203 36.325.343.878 Third parties
Kimia dasar dan lainnya Basic chemical and others
Pihak ketiga 6.343.964.170 8.371.002.652 Third parties
Sub-total 38.212.629.240 44.697.653.377 Sub-total
Pabrikan - Pihak ketiga Manufacturing - Third parties
Adhesive 557.800.532 800.077.036 Adhesive
Jasa logistik Logistic services
Operasi pelabuhan dan transportasi Port operations and transportation
Pihak berelasi (Catatan 32) 4.800 4.810 Related party (Note 32)
Pihak ketiga 639.001.108 574.495.411 Third parties
Jasa penyimpanan 184.307.434 161.847.774 Storage services
Lain-lain 74.676.430 57.778.040 Others
Sub-total 897.989.772 794.126.035 Sub-total
Tanah kawasan industri dan lainnya Industrial estate land and others
Penjualan tanah kawasan industri 2.068.780.016 931.036.869 Industrial estate land sales
Listrik dan utilitas lainnya 80.226.070 46.532.847 Electricity and other utilities
Sub-total 2.149.006.086 977.569.716 Sub-total
Total 41.817.425.630 47.269.426.164 Total
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Berdasarkan waktu pengakuan
pendapatan By timing of revenue recognition
Barang ditransfer pada suatu Goods transferred at
waktu 40.839.209.787 46.428.767.282 a point in time
Jasa yang ditransfer pada suatu Services transferred at
waktu 826.714.054 678.133.122 a point in time
Jasa yang ditransfer dari waktu
ke waktu 151.501.789 162.525.760 Services transferred over time
Pendapatan total dari kontrak Total revenue from contract with
dengan pelanggan 41.817.425.630 47.269.426.164 customers
101
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Page 386
390 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
25. BEBAN POKOK PENJUALAN DAN PENDAPATAN 25. COST OF SALES AND REVENUES
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Perdagangan dan distribusi Trading and distribution
Beban pokok pendapatan: Cost of revenues:
Kimia dasar, Basic chemical, petroleum,
BBM dan lainnya 34.283.574.248 40.564.419.714 and others
Pengiriman, bongkar-muat dan Freight-out, handling charges
pengepakan dan lainnya 458.728.743 513.788.562 and packaging and others
Penyusutan (Catatan 10) 155.831.192 146.207.253 Depreciation (Note 10)
Penyusutan atas aset hak-guna Depreciation of right-of-use assets
(Catatan 11) 36.553.685 29.278.710 (Note 11)
Sub-total 34.934.687.868 41.253.694.239 Sub-total
Pabrikan Manufacturing
Beban pokok penjualan: Cost of goods sold:
Bahan baku yang digunakan 294.187.489 505.943.244 Raw materials used
Tenaga kerja langsung dan Direct labor and factory
biaya overhead pabrik 26.311.710 26.776.433 overhead
Penyusutan (Catatan 10) 2.811.418 2.869.961 Depreciation (Note 10)
Beban pokok produksi 323.310.617 535.589.638 Cost of goods manufactured
Persediaan barang jadi Finished goods
Awal tahun 13.506.298 9.685.404 At beginning of the year
Akhir tahun (13.385.650) (13.506.298) At end of the year
Sub-total 323.431.265 531.768.744 Sub-total
Jasa logistik Logistic services
Pengiriman, bongkar-muat dan Freight-out, handling charges
pengepakan 490.621.475 402.453.644 and packaging
Penyusutan (Catatan 10) 194.410.541 192.545.427 Depreciation (Note 10)
Perbaikan dan pemeliharaan 75.836.243 64.674.282 Repairs and maintenance
Penyusutan dan amortisasi Depreciation and amortization
atas aset hak-guna of right-of-use assets
(Catatan 11) 21.350.717 24.435.841 (Note 11)
Lain-lain 231.976.402 211.624.928 Others
Sub-total 1.014.195.378 895.734.122 Sub-total
Tanah kawasan industri dan lainnya 1.341.173.388 606.376.017 Industrial estate land and others
Total 37.613.487.899 43.287.573.122 Total
102
Laporan Tahunan 2023
Page 387
The original consolidated financial statements included herein 391
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
26. BEBAN USAHA 26. OPERATING EXPENSES
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Beban Umum dan Administrasi General and Administrative Expenses
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 561.498.907 562.422.376 benefits
Cadangan penurunan nilai kerugian Allowance for impairment losses
atas piutang usaha dan aset lainnya 67.030.227 125.000.000 on trade and other assets
Beban operasional kantor 41.513.697 36.847.218 Office expenses
Penyusutan (Catatan 10) 38.216.403 36.084.748 Depreciation (Note 10)
Perjalanan dinas dan transportasi 37.775.934 33.817.749 Travelling and transportation
Biaya profesional 41.320.812 85.433.490 Professional fees
Pajak dan perizinan 15.268.360 13.404.818 Taxes and licenses
Prasarana dan telekomunikasi 14.322.263 14.873.415 Utilities and telecommunication
Perbaikan dan pemeliharaan 8.546.183 11.509.046 Repairs and maintenance
Sewa kantor dan bangunan (Catatan 11) 8.544.687 8.158.505 Office and building rental (Note 11)
Biaya bank dan administrasi 5.229.606 4.064.287 Bank charges and administration
Asuransi 4.269.580 8.177.693 Insurance
Perlengkapan kantor 2.775.278 3.948.342 Office supplies
Penyusutan dan amortisasi Depreciation and amortization
aset hak-guna (Catatan 11) 2.555.826 3.098.883 of right-of-use assets (Note 11)
Pengiriman 1.225.763 1.441.348 Delivery
Lain-lain 27.705.047 26.997.851 Miscellaneous
Sub-total 877.798.573 975.279.769 Sub-total
Beban Penjualan Selling Expenses
Iklan dan promosi 24.190.394 14.612.600 Advertising and promotion
Transportasi 14.261.313 16.692.277 Transportation
Perjamuan 4.314.629 3.706.030 Entertainment
Penyusutan (Catatan 10) 755.092 755.093 Depreciation (Note 10)
Lain-lain 53.550.562 118.048.113 Miscellaneous
Sub-total 97.071.990 153.814.113 Sub-total
Total 974.870.563 1.129.093.882 Total
103
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Page 388
392 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. PERPAJAKAN 27. TAXATION
a. Pajak Dibayar di Muka a. Prepaid Taxes
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Pajak pertambahan nilai - neto 171.675.693 85.433.704 Value added tax - net
Lain-lain 25.352.380 22.672.872 Others
Total 197.028.073 108.106.576 Total
b. Hutang Pajak b. Taxes Payable
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Pajak lain-lain Other taxes
Pasal 4 (2) 6.788.427 24.376.887 Article 4 (2)
Pasal 21 9.792.726 14.872.403 Article 21
Pasal 22 6.613.223 7.733.971 Article 22
Pasal 23 dan 26 9.191.454 1.808.521 Articles 23 and 26
Pajak penghasilan Income taxes
Pasal 25 12.089.614 - Article 25
Pasal 29 181.240.640 44.624.028 Article 29
Pajak pertambahan nilai - neto 7.852.119 6.927.223 Value added tax - net
Pajak Bahan Bakar atas
Kendaraan Bermotor (PBBKB) 215.836.195 249.614.332 Motor Vehicle Fuel Tax (PBBKB)
Lain-lain 623.440 504.507 Others
Total 450.027.838 350.461.872 Total
c. Beban Pajak Kini c. Current Tax Expense
Rekonsiliasi antara laba sebelum pajak A reconciliation between profit before income
penghasilan menurut laporan laba rugi dan tax per consolidated statements of profit or
penghasilan komprehensif lain konsolidasian loss and other comprehensive income and
dengan penghasilan kena pajak Perusahaan taxable income of the Company are as follows:
adalah sebagai berikut:
104
Laporan Tahunan 2023
Page 389
The original consolidated financial statements included herein 393
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban Pajak Kini (lanjutan) c. Current Tax Expense (continued)
Tahun yang Berakhir Pada 31 Desember/
Year Ended December 31,
2023 2022
Laba sebelum pajak final dan Profit before final and income tax
pajak penghasilan menurut per consolidated statements of
laporan laba rugi dan penghasilan profit or loss and other
komprehensif lain konsolidasian 3.687.471.936 3.085.916.786 comprehensive income
Laba entitas anak Profit of subsidiaries
sebelum pajak (965.567.585) (510.243.983) before tax
Lain-lain 339.422.891 236.315.191 Others
Laba Perusahaan sebelum Income before tax attributable
beban pajak 3.061.327.242 2.811.987.994 to the Company
Efek penyesuaian translasi atas Adjustment translation
laporan keuangan konsolidasian effect on the consolidated
Perusahaan 2.571.901 2.629.205 financial statements of the Company
Pendapatan dividen dari Dividend income from
entitas anak (229.930.742) (70.173.000) subsidiaries
Laba Perusahaan sebelum Income before tax attributable
beban pajak, tidak termasuk to the Company, excluding
efek penyesuaian translasi adjustment translation effect
dan pendapatan dividen yang and dividend income
dikenakan pajak final 2.833.968.401 2.744.444.199 subject to final tax
Perbedaan temporer: Temporary differences:
Penambahan (penghapusan) Addition (written-offs) for
penyisihan kerugian ekspektasian 3.061.134 (262.183.894) expected credit losses
Penyusutan (21.566.948) (9.393.047) Depreciation
Gain on disposal of
Laba penjualan aset tetap (12.175.772) (1.439.311) property and equipment
Imbalan kerja dan lainnya (1.883.614) 70.251.720 Employment benefits and others
Sub-total (32.565.200) (202.764.532 ) Sub-total
Perbedaan tetap: Permanent differences:
Beban terkait penghasilan
yang pajaknya bersifat final 189.998.021 169.180.872 Expenses subjected to final tax
Penghasilan sewa yang pajaknya
bersifat final (413.158.380) (375.603.227) Rent income subjected to final tax
Penghasilan bunga yang pajaknya
bersifat final (126.082.913) (30.866.620) Finance income subjected to final tax
Beban pajak (7.515.327) 13.442.648 Tax expenses
Gaji, upah dan kesejahteraan Salaries, wages
karyawan (1.715.983) 34.712.127 and employee benefits
Lain-lain 21.340.581 68.956.430 Others
Sub-total (337.134.001) (120.177.770) Sub-total
Penghasilan kena pajak Taxable income
Perusahaan 2.464.269.200 2.421.501.897 of the Company
105
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Page 390
394 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban Pajak Kini (lanjutan) c. Current Tax Expense (continued)
Perhitungan beban pajak dan hutang pajak kini Current tax expense and payable of the
Perusahaan adalah sebagai berikut: Company are calculated as follows:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Beban pajak kini Current tax expense
Perusahaan 542.139.224 460.085.360 The Company
Entitas Anak 34.902.252 35.057.494 Subsidiaries
Total 577.041.476 495.142.854 Total
Dikurangi pembayaran
pajak di muka Less prepaid taxes
Perusahaan The Company
Pajak penghasilan Income taxes
Pasal 22 149.235.242 333.990.611 Article 22
Pasal 23 188.018.489 98.195.249 Article 23
Pasal 25 36.269.262 - Article 25
Sub-total 373.522.993 432.185.860 Sub-total
Entitas Anak 9.434.572 809.570 Subsidiaries
Total 382.957.565 432.995.430 Total
Hutang pajak - Pasal 29 Current tax payable - Article 29
Perusahaan 168.616.231 27.899.500 The Company
Entitas Anak 12.624.409 16.724.528 Subsidiaries
Total 181.240.640 44.624.028 Total
Estimasi tagihan pajak penghasilan Estimated claims for tax refund
Entitas Anak 23.562.569 53.365.970 Subsidiaries
Total 23.562.569 53.365.970 Total
Bagian jangka pendek -
disajikan pada aset Current portion - presented
lancar lainnya under other current assets
(Catatan 8) 7.288.258 9.767.337 (Note 8)
Bagian jangka panjang 16.274.311 43.598.633 Long-term portion
106
Laporan Tahunan 2023
Page 391
The original consolidated financial statements included herein 395
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
c. Beban Pajak Kini (lanjutan) c. Current Tax Expense (continued)
Berdasarkan laporan tertanggal 4 Januari 2023 Based on report dated January 4, 2023 from
dari biro administrasi efek, PT Raya Saham its share registrar, PT Raya Saham Registra,
Registra, Perusahaan telah memenuhi semua the Company has satisfied all the conditions to
ketentuan untuk mendapatkan pengurangan obtain the tax rate reduction from the normal
tarif pajak untuk tahun fiskal 2022, sehingga corporate income tax rate for fiscal years
pajak penghasilan badan Perusahaan untuk 2022, and accordingly, the corporate income
tahun-tahun tersebut telah dihitung dengan tax of the Company for those years have been
menggunakan tarif yang diturunkan menjadi calculated at a reduced tax rate of 19% for
19% untuk tahun 2022. fiscal year 2022.
Kecuali Aruki, JTT, AST dan ATI, entitas anak Except for Aruki, JTT, AST and ATI, other
lainnya masih dalam posisi rugi fiskal. subsidiaries are still in fiscal loss position.
d. Pajak Tangguhan d. Deferred Tax
Rincian dari aset dan liabilitas pajak tangguhan The details of the Company and its
Perusahaan dan Entitas Anak adalah sebagai Subsidiaries’ deferred tax assets and liabilities
berikut: are as follows:
Pengaruh ke
posisi
keuangan
Pengaruh ke atau ekuitas/
laba rugi/ Effect to
1 Jan. 2023/ Effect to financial position 31 Des. 2023/
Jan. 1, 2023 profit and loss or equity Dec. 31, 2023
Aset pajak tangguhan Deferred tax assets
Perusahaan The Company
Liabilitas imbalan kerja 61.224.371 (414.395) 2.158.304 62.968.280 Employment benefits liabilities
Cadangan penurunan nilai Allowance for impairment losses
kerugian atas piutang usaha 19.840.925 673.449 - 20.514.374 on trade receivables
Akumulasi penyusutan 114.658.360 (7.423.398) - 107.234.962 Accumulated depreciation
Entitas Anak 9.489.451 2.312.971 (1.222.188) 10.580.234 Subsidiaries
Aset pajak tangguhan - neto 205.213.107 (4.851.373) 936.116 201.297.850 Deferred tax assets - net
Liabilitas pajak tangguhan - neto (11.395.226) (7.295.841) 306.936 (18.384.131) Deferred tax liabilities - net
Pengaruh ke
posisi
keuangan
Pengaruh ke atau ekuitas/
laba rugi/ Effect to
1 Jan. 2022/ Effect to financial position 31 Des. 2022/
Jan. 1, 2022 profit and loss or equity Dec. 31, 2022
Aset pajak tangguhan Deferred tax assets
Perusahaan The Company
Liabilitas imbalan kerja 45.503.720 15.455.378 265.273 61.224.371 Employment benefits liabilities
Cadangan penurunan nilai Allowance for impairment losses
kerugian atas piutang usaha 77.521.382 (57.680.457) - 19.840.925 on trade receivables
Akumulasi penyusutan 117.041.479 (2.383.119) - 114.658.360 Accumulated depreciation
Entitas Anak 11.833.861 (2.171.696) (172.714) 9.489.451 Subsidiaries
Aset pajak tangguhan - neto 251.900.442 (46.779.894) 92.559 205.213.107 Deferred tax assets - net
Liabilitas pajak tangguhan - neto (8.763.562) (2.834.655) 202.991 (11.395.226) Deferred tax liabilities - net
Manajemen berkeyakinan bahwa aset pajak The management believes that the above
tangguhan pada setiap tanggal pelaporan di atas deferred tax assets at each reporting date are
dapat terpulihkan. recoverable.
107
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Page 392
396 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
d. Pajak Tangguhan (lanjutan) d. Deferred Tax (continued)
Rekonsiliasi antara beban pajak yang dihitung A reconciliation between tax expense and
dengan menggunakan tarif pajak yang berlaku amounts computed by applying the applied tax
terhadap laba sebelum pajak penghasilan adalah rate to profit before income tax are as follows:
sebagai berikut:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Laba sebelum beban pajak Consolidated profit before
penghasilan konsolidasian 3.687.471.936 3.085.916.786 income tax expense
Laba yang dikenakan pajak final (1.225.012.277) (1.211.868.606) Profit subject to final tax
Laba sebelum beban pajak Consolidated profit before income
penghasilan konsolidasian tax expense non-final
tidak final yang dikenakan subject to the applicable
tarif pajak yang berlaku 2.462.459.659 1.874.048.180 tax rate
Beban pajak atas laba diluar Tax expense on profit
penghasilan final dengan tarif subject to non-final tax
pajak yang berlaku sebesar: at prevailing tax rates of:
22% untuk Perusahaan dan 22% for the Company and
Entitas Anak for Subsidiaries
(2022: 19% untuk Perusahaan) (541.741.124) (536.748.780) (2022:19% for the Company)
Dampak pajak atas: Tax effects of:
Perbedaan tetap dan lainnya (47.447.566) (8.008.623) Permanent differences and other
Beban pajak - neto (589.188.690) (544.757.403) Tax expense - net
Pada tanggal 31 Desember 2023, Kelompok As of December 31, 2023, the Group has an
Usaha memiliki estimasi rugi pajak dari entitas estimated tax losses carry forward from its
anaknya yang tidak diakui sebagai aset pajak subsidiaries, which is not recognized as
tangguhan, sebagai berikut: deferred tax assets, as follows:
Tahun
Kedaluwarsa/ Jumlah/ Aset pajak tangguhan/
Expired Year Amount Deferred tax assets
Tahun pajak 2023 2028 10.448.272 2.298.620 2023 fiscal year
Tahun pajak 2022 2027 28.122.764 6.187.008 2022 fiscal year
Tahun pajak 2021 2026 30.520.840 6.104.168 2021 fiscal year
Tahun pajak 2020 2025 21.571.103 4.314.220 2020 fiscal year
Tahun pajak 2019 2024 37.600.761 7.520.152 2019 fiscal year
Total 128.263.740 26.424.168 Total
108
Laporan Tahunan 2023
Page 393
The original consolidated financial statements included herein 397
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. DIVIDEN DAN PENCADANGAN UMUM 28. DIVIDENDS AND GENERAL RESERVE
Berdasarkan Keputusan Direksi Perusahaan yang Based on the Decision of the Company’s Directors
diselenggarakan pada tanggal 24 Juli 2023 yang Meeting held on July 24, 2023 which was approved
disetujui oleh Dewan Komisaris pada tanggal 24 Juli by the Board of Commissioners on July 24, 2023,
2023, Perusahaan mendeklarasikan pembagian the Company declared interim cash dividends at
dividen tunai interim sebesar Rp50 (dalam Rupiah Rp50 (in full Rupiah) per share or amounting to
penuh) per saham atau secara keseluruhan sebesar Rp986,858,480 out of the 2023 interim profit
Rp986.858.480 dari laba interim tahun 2023 yang attributed to equity holder of the parent, which has
diatribusikan kepada pemilik entitas induk, yang telah been paid on August 16, 2023.
dibayarkan pada 16 Agustus 2023.
Selanjutnya, berdasarkan Keputusan Direksi Further, based on the Decision of the Company’s
Perusahaan yang diselenggarakan pada tanggal 23 Directors Meeting held on October 23, 2023 which
Oktober 2023 yang disetujui oleh Dewan Komisaris was approved by the Board of Commissioners on
pada tanggal 23 Oktober 2023, Perusahaan October 23, 2023, the Company declared 2nd
mendeklarasikan pembagian dividen tunai interim ke- interim cash dividends at Rp25 (in full Rupiah) per
2 sebesar Rp25 (dalam Rupiah penuh) per saham share or amounting to Rp493,429,240 out of the
atau secara keseluruhan sebesar Rp493.429.240 2023 interim profit attributed to equity holder of the
dari laba interim tahun 2023 yang diatribusikan parent, which has been paid on November 15,
kepada pemilik entitas induk, yang telah dibayarkan 2023.
pada 15 November 2023.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 28 April 2023, on April 28, 2023, the Company’s shareholders
para pemegang saham Perusahaan menyetujui approved the declaration of cash dividends of
pembagian dividen tunai sebesar Rp1.480.287.720 Rp1,480,287,720 or Rp75 (in full Rupiah) per share
atau Rp75 (dalam Rupiah penuh) per saham dari laba out of the 2022 profit attributable to equity holders
tahun 2022 yang diatribusikan kepada pemilik entitas of the parent entity. A partial portion of this
induk. Sebagian dividen ini adalah dividen interim dividends was paid as interim dividends amounting
yang telah dibayarkan pada tanggal 16 Agustus 2022 to Rp493,429,240 or Rp25 (in full Rupiah) per
sebesar Rp493.429.240 atau Rp25 (dalam Rupiah share were paid on August 16, 2022. Final
penuh) per saham. Dividen final sebesar dividends of Rp986,858,480 or Rp50 per share
Rp986.858.480 atau Rp50 per saham (dalam Rupiah (in full Rupiah) has been paid on May 24, 2023.
penuh) telah dibayarkan pada tanggal 24 Mei 2023.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholder’s Meeting
disebutkan di atas, para pemegang saham juga mentioned above, the shareholders also approved
menyetujui pencadangan umum sebesar Rp200.000 the appropriation for general reserve of Rp200,000
dari laba tahun 2022. from the profit of 2022.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 28 April 2022, on April 28, 2022, the Company’s shareholders
para pemegang saham Perusahaan menyetujui approved the declaration of cash dividends of
pembagian dividen tunai sebesar Rp572.377.918 Rp572,377,918 or Rp29 (in full Rupiah) per share
atau Rp29 (dalam Rupiah penuh) per saham dari laba out of the 2021 profit attributable to equity holders
tahun 2021 yang diatribusikan kepada pemilik entitas of the parent entity. A partial portion of this
induk. Sebagian dividen ini adalah dividen interim dividends was paid as interim dividends amounting
yang telah dibayarkan pada tanggal to Rp236,846,035 or Rp12 (in full Rupiah) per
19 Agustus 2021 sebesar Rp236.846.035 atau Rp12 share were paid on August 19, 2021. Final
(dalam Rupiah penuh) per saham. Dividen final dividends of Rp335,531,883 or Rp17 per share (in
sebesar Rp335.531.883 atau Rp17 per saham full Rupiah) has been paid on May 24, 2022
(dalam Rupiah penuh) telah dibayarkan pada tanggal (dividend value per share is after stock split).
24 Mei 2022 (nilai dividen per saham setelah
pemecahan nilai nominal saham).
109
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Page 394
398 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
28. DIVIDEN DAN PENCADANGAN UMUM (lanjutan) 28. DIVIDENDS AND GENERAL RESERVE
(continued)
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholder’s Meeting
disebutkan di atas, para pemegang saham juga mentioned above, the shareholders also approved
menyetujui pencadangan umum sebesar Rp200.000 the appropriation for general reserve of Rp200,000
dari laba tahun 2021. from the profit of 2021.
29. LIABILITAS IMBALAN KERJA 29. EMPLOYMENT BENEFITS LIABILITIES
A. Imbalan kerja jangka pendek A. Short-term employee benefits
Akrual mencerminkan estimasi imbalan kerja The accrual represents estimated short-term
jangka pendek berupa bonus. benefits i.e. bonuses.
B. Imbalan pasca kerja B. Post-employment benefits
Perusahaan dan Entitas Anak di Indonesia The Company and its Subsidiaries in
memberikan imbalan pasca kerja yang belum Indonesia provide post-employment benefits
didanai untuk karyawan sesuai dengan for their qualifying employees in accordance
Peraturan Pemerintah yang berlaku dan with prevailing Government Regulation and
kebijakan Kelompok Usaha. the Group’s policies.
a. Beban neto manfaat karyawan a. Net employee benefits expenses
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Biaya jasa kini 16.745.147 15.959.133 Current service cost
Biaya bunga 9.917.965 7.634.787 Interest cost
Penyesuaian biaya jasa lalu (51.037) (20.078.233) Adjustment of past service cost
Pengakuan manfaat Recognition of other
jangka panjang lainnya - 115.145 long-term employee benefit
Total 26.612.075 3.630.832 Total
b. Perubahan liabilitas imbalan pasca kerja b. Changes in post-employment benefit
adalah sebagai berikut: liabilities are as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Saldo awal 144.724.214 145.867.002 Beginning balance
Biaya diakui dalam laba rugi 26.612.075 3.630.832 Expense recognized in profit or loss
(Keuntungan) kerugian diakui
dalam penghasilan (Gain) loss recognized in
komprehensif lain 11.753.559 (894.431) other comprehensive income
Imbalan yang dibayar (5.859.172) (3.879.189) Benefits payment
Saldo akhir 177.230.676 144.724.214 Ending balance
110
Laporan Tahunan 2023
Page 395
The original consolidated financial statements included herein 399
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
29. LIABILITAS IMBALAN KERJA (lanjutan) 29. EMPLOYMENT BENEFITS LIABILITIES
(continued)
B. Imbalan pasca kerja (lanjutan) B. Post-employment benefits (continued)
c. Perubahan nilai kini kewajiban manfaat c. Changes in present value for the benefits
karyawan adalah sebagai berikut: obligations are as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Saldo awal tahun 144.724.214 145.867.002 Beginning of year
Biaya jasa kini 16.745.147 15.959.133 Current service cost
Biaya bunga 9.917.965 7.634.787 Interest cost
Penyesuaian biaya jasa lalu (51.037) (20.078.233) Adjustment of past service cost
Pengakuan manfaat jangka Recognition of other
panjang lainnya - 115.145 long-term employee benefit
(Keuntungan) kerugian
aktuarial atas: Actuarial (gain) loss arising from:
Perubahan asumsi demografi 225.690 (571.027) Changes in demographic assumption
Perubahan asumsi finansial (1.640.851) (1.817.443) Changes in financial assumptions
Penyesuaian historis 13.168.720 1.494.039 Experience adjustment
Imbalan yang dibayar (5.859.172) (3.879.189) Benefits payment
Saldo akhir periode 177.230.676 144.724.214 End of period
Akrual atas kewajiban Perusahaan dan Entitas The costs of providing post-employment
Anak pada tanggal 31 Desember 2023 benefits of the Company and Subsidiaries as
didasarkan pada perhitungan aktuaris of December 31, 2023 were calculated by
independen, kecuali Andahanesa. Perhitungan independent actuaries, except for
aktuaris tersebut menggunakan metode Andahanesa. The actuarial valuation was
“Projected Unit Credit” yang mempertimbangkan carried out using the “Projected Unit Credit”
asumsi-asumsi berikut: method with the following assumptions:
Tingkat bunga diskonto : 6,37% - 7,26% per tahun/per year : Discount rate
(31 Des. 2022/Dec. 31, 2022:
3,75% - 7,50%)
Tabel mortalitas : TMI 2019 : Mortality table
Tingkat kenaikan gaji : 3,00% - 7,00% : Salary increase
(31 Des. 2022/Dec. 31, 2022:
5,00% - 7,00%)
Umur pensiun : 56 tahun untuk karyawan dan 62 tahun : Retirement age
untuk direktur/56 years for
employees and 62 years for directors
Tingkat cacat : 10% dari tingkat mortalitas/from mortality rate : Disability rate
Tingkat pengunduran diri : 2% atau 6% (tergantung jabatan) sampai usia : Resignation rate
30 tahun dan akan menurun sampai 0% pada
usia 2 tahun sebelum usia pensiun normal/
2% or 6% (depends on position)
up to age 30 and will decrease until 0% at the
age of 2 years before retirement age
111
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Page 396
400 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
29. LIABILITAS IMBALAN KERJA (lanjutan) 29. EMPLOYMENT BENEFITS LIABILITIES
(continued)
B. Imbalan pasca kerja (lanjutan) B. Post-employment benefits (continued)
Analisa sensitivitas untuk asumsi-asumsi yang The sensitivity analysis for significant
signifikan pada tanggal 31 Desember 2023 dan assumptions as of December 31, 2023 and
2022 adalah sebagai berikut: 2022 are as follows:
31 Desember 2023/December 31, 2023 31 Desember 2022/December 31, 2022
Kenaikan tingkat Penurunan tingkat Kenaikan tingkat Penurunan tingkat
bunga diskonto/ bunga diskonto/ bunga diskonto/ bunga diskonto/
Increase in Decrease in Increase in Decrease in
discount rate 1% discount rate 1% discount rate 1% discount rate 1%
Dampak terhadap liabilitas imbalan
pasti (7.612.414) 8.205.032 (14.282.643) (4.535.747) Effect on defined benefit obligation
31 Desember 2023/December 31, 2023 31 Desember 2022/December 31, 2022
Kenaikan Penurunan Kenaikan Penurunan
tingkat gaji/ tingkat gaji/ tingkat gaji/ tingkat gaji/
Increase in Decrease in Increase in Decrease in
salary rate 1% salary rate 1% salary rate 1% salary rate 1%
Dampak terhadap liabilitas imbalan
pasti 8.994.590 (8.394.752) 5.137.620 (14.936.403) Effect on defined benefit obligation
Durasi rata-rata liabilitas manfaat pasca kerja The average duration of the Group’s defined
diakhir periode pelaporan Kelompok Usaha benefits plan obligation at the end of reporting
berkisar antara 2,87 - 16,40 tahun. period are ranging from 2.87 - 16.40 years.
Jadwal jatuh tempo dari program imbalan pasca Undiscounted maturity profile of post-
kerja yang tidak didiskontokan pada tanggal employment benefit obligation as of December
31 Desember 2023 dan 2022 adalah sebagai 31, 2023 and 2022 are as follows:
berikut:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Dalam 1 tahun 20.830.976 1.787.293 Within 1 year
2 - 5 tahun 250.766.428 14.050.365 2 - 5 years
Lebih dari 5 tahun 732.186.789 209.154.118 More than 5 years
Manajemen berkeyakinan bahwa jumlah Management believes that the above amounts
tersebut di atas cukup untuk memenuhi are adequate to cover the requirements at
ketentuan yang berlaku pada tanggal-tanggal reporting dates.
pelaporan.
112
Laporan Tahunan 2023
Page 397
The original consolidated financial statements included herein 401
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
30. ASET DAN LIABILITAS MONETER DALAM MATA 30. MONETARY ASSETS AND LIABILITIES
UANG ASING SELAIN RUPIAH DENOMINATED IN CURRENCIES OTHER THAN
RUPIAH
Kelompok Usaha memiliki aset dan liabilitas moneter The Group has significant monetary assets and
yang signifikan dalam mata uang asing selain Rupiah liabilities denominated in currencies other than
sebagai berikut: Rupiah as follows:
31 Desember 2023/ 31 Desember 2022/
December 31, 2023 December 31, 2022
Ekuivalen Ekuivalen
Mata Uang dalam Mata Uang dalam
Asing/ Rupiah/ Asing/ Rupiah/
Foreign Equivalent Foreign Equivalent
Currency in Rupiah Currency in Rupiah
Aset Assets
Kas dan setara kas USD 193.298.117 2.979.883.775 201.941.409 3.176.740.301 Cash and cash equivalents
Piutang usaha Trade receivables
Pihak ketiga USD 192.885.235 2.973.518.784 117.000.603 1.840.536.480 Third parties
Total aset 5.953.402.559 5.017.276.781 Total assets
Liabilitas Liabilities
Hutang usaha Trade payables
Pihak ketiga USD 467.061.882 7.200.225.978 466.349.767 7.336.148.183 Third parties
Biaya masih harus dibayar USD 9.759.210 150.447.977 9.908.701 155.873.768 Accrued expenses
Hutang bank jangka
pendek dan lainnya USD - - 100.038 1.573.705 Short-term bank loans and other
Hutang bank jangka
panjang USD 9.720.977 149.858.574 15.994.754 251.613.468 Long-term bank loans
Total liabilitas 7.500.532.529 7.745.209.124 Total liabilities
Liabilitas neto (1.547.129.970) (2.727.932.343) Net Liabilities
Perusahaan memiliki kontrak forward untuk lindung The Company has outstanding forward contracts
nilai yang disajikan pada Catatan 34a. as disclosed in Note 34a.
31. LABA PER SAHAM 31. EARNINGS PER SHARE
Berikut adalah data yang digunakan untuk The computation of profit per share is based on the
perhitungan laba per saham: following data:
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Laba tahun berjalan yang dapat
diatribusikan kepada Profit for the year attributable to
pemilik entitas induk 2.780.349.511 2.403.334.889 equity holders of the parent entity
Jumlah rata-rata tertimbang saham Weighted average number of
biasa - dasar 19.737.169.600 19.737.169.600 common shares - basic
Laba per saham Earnings per share
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada Attributable to the equity holders
pemilik entitas induk of the parent entity
Dasar 140,87 121,77 Basic
113
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Page 398
402 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
32. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK 32. NATURE OF RELATIONSHIP AND
BERELASI TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha normal, Perusahaan dan The Company and its Subsidiaries, in their regular
Entitas Anak melakukan transaksi dengan pihak- conduct of business, have engaged in transactions
pihak berelasi, dan diringkas sebagai berikut ini: with related parties, and summarized as follows:
Pihak berelasi/ Jenis transaksi/ Total transaksi/ Saldo/
Related parties Type of transaction Total transactions Balances
Transaksi dengan entitas di bawah pengendalian yang sama/
Transactions with entities under common control
PT AKR Land Development Service charge kepada Rp5.453.356 di/in 2023 -
dan Entitas Anak/ Perusahaan dan Entitas Anak/ (2022: Rp5.292.034)
Subsidiaries Service charge to
the Company and Subsidiaries
Persentase terhadap beban usaha/Percentage to operating expenses 0,6%
Penjualan bahan bakar minyak Rp313.356 di/in 2023 -
(BBM)/Petroleum sales (2022: Rp399.745)
(Catatan/Note 24)
Persentase terhadap penjualan/Percentage to sales 0,0%
Pendapatan transportasi/ Rp4.800 di/in 2023 -
Transportation revenue (2022: Rp4.810)
(Catatan/Note 24)
Persentase terhadap pendapatan/Percentage to revenues 0,0%
Liabilitas kontrak - Rp54.828.597 pada tanggal
jangka pendek/ 31 Des. 2023/Dec. 31, 2023
Current contract liability
Persentase terhadap liabilitas/Percentage to liability 0,3%
PT Komersial Logistik Nusantara Sewa kantor/ Rp12.000 di/in 2023 -
Office rent (2022: RpNil)
Persentase terhadap laba neto tahun berjalan/net profit for the year 0,0%
Transaksi dengan entitas asosiasi/
Transactions with an associate
PT Berlian Manyar Sejahtera Penjualan bahan bakar minyak Rp1.301.511 di/in 2023 Rp132.880 pada tanggal
(BBM)/Petroleum sales (2022: Rp907.102) 31 Des. 2023/Dec. 31, 2023
(Catatan/Note 24) (31 Des. 2022/Dec. 31, 2022:
Rp50.432)
(Catatan/Note 5a)
Persentase terhadap penjualan/Percentage to sales 0,0%
Management fee kepada Rp1.573.310 di/in 2023 RpNil pada tanggal
Perusahaan dan Entitas Anak/ (2022: Rp1.472.050) 31 Des. 2023/Dec. 31, 2023
Management fee to (31 Des. 2022/Dec. 31, 2022: Rp130.346)
the Company and Subsidiaries (Catatan/Note 5b)
Persentase terhadap laba neto tahun berjalan/Percentage to net profit for the year 0,1%
Semua transaksi-transaksi di atas secara individu All the above transactions individually are less than
tidak melebihi 1% dari jumlah konsolidasian. 1% of total consolidated amounts.
114
Laporan Tahunan 2023
Page 399
The original consolidated financial statements included herein 403
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
32. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK 32. NATURE OF RELATIONSHIP AND
BERELASI (lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Transaksi-transaksi dengan pihak-pihak berelasi The transactions with the related parties are made
dilakukan dengan persyaratan dan kondisi yang at terms and conditions as agreed among the
disepakati antara para pihak dimana persyaratan dan parties which are the same terms and conditions by
kondisinya sama dengan pihak ketiga. third parties.
Manajemen berpendapat tidak diperlukan cadangan Management believes that no allowance for
kerugian penurunan nilai atas kemungkinan tidak impairment losses on related party receivables is
tertagihnya piutang dari pihak berelasi. required to cover possible losses on uncollectible
accounts.
Kompensasi manajemen kunci Key management compensation
Manajemen kunci termasuk Dewan Komisaris dan Key management includes the Company’s Boards
Direksi Perusahaan. Rincian atas kompensasi yang of Commissioners and Directors. The details of
diberikan adalah sebagai berikut: compensation provided are as follows:
Dewan Komisaris Board of Commissioners
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Imbalan jangka pendek 21.074.204 11.980.880 Short-term benefits
Direksi Board of Directors
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Imbalan jangka pendek 97.898.811 57.901.316 Short-term benefits
Imbalan pasca kerja 2.652.036 2.222.863 Post-employment benefits
Total 100.550.847 60.124.179 Total
115
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Page 400
404 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
33. INFORMASI SEGMEN 33. SEGMENT INFORMATION
Aktivitas usaha Perusahaan dan Entitas Anak dibagi The Company’s and Subsidiaries’ businesses are
atas empat (4) segmen operasi utama dan melayani divided into four (4) main operating segments and
pasar domestik dan internasional. serve the local and international market.
Segmen operasi adalah sebagai berikut: The operating segments are as follows:
Perdagangan dan distribusi Trading and distribution
Segmen ini mendistribusikan produk BBM dan This segment distributes petroleum products
beragam jenis bahan-bahan kimia dasar seperti and various kinds of basic chemicals such as
caustic soda, sodium sulfat, PVC resin dan soda caustic soda, sodium sulphate, PVC resin and
ash. soda ash.
Jasa logistik Logistics services
Segmen ini menyediakan beragam jasa logistik This segment provides various kinds of
seperti penyewaan tangki penyimpanan dan logistics services such as rental of storage
gudang, jasa pengepakan, bongkar muat dan tanks and warehouses, bagging, port handling
jasa transportasi, terutama untuk produk-produk and transportation services mainly for liquid
kimia cair dan padat di Indonesia serta produk and solid chemical and petroleum products in
BBM di Indonesia. Indonesia.
Pabrikan Manufacturing
Segmen ini memproduksi bahan perekat oleh This segment produces adhesive materials by
Aruki. Aruki.
Kawasan industri dan jasa listrik lainnya yang Industrial estate and related utility services
terkait
Segmen ini merupakan segmen Kelompok This segment of the Group is under BKMS, an
Usaha di bawah BKMS, entitas anak yang indirect subsidiary of the Company through
dimiliki secara tidak langsung lewat UEPN. UEPN. The industrial estate is part of JIIPE
Kawasan industri ini adalah bagian dari proyek project (Note 13) developed together by
JIIPE (Catatan 13) yang dikembangkan antara BKMS and BJTI, a subsidiary of Pelindo. The
BKMS dan BJTI, entitas anak dari Pelindo. segment comprises of sales and lease of
Segmen ini terdiri dari penjualan dan penyewaan industrial estate land, sales of electricity and
tanah kawasan industri, penjualan listrik dan jasa other related services to tenants of the estate.
terkait lainnya kepada tenants kawasan tersebut.
Manajemen memantau hasil operasi dari unit Management monitors the operating results of its
usahanya secara terpisah guna keperluan business units separately for the purpose of
pengambilan keputusan mengenai alokasi sumber making decisions about resource allocation and
daya dan penilaian kinerja. Kinerja segmen dievaluasi performance assessment. Segment performance
berdasarkan laba atau rugi operasi dan diukur secara is evaluated based on operating profit or loss and
konsisten dengan laba atau rugi operasi pada laporan is measured consistently with operating profit or
keuangan konsolidasian. loss in the consolidated financial statements.
116
Laporan Tahunan 2023
Page 401
The original consolidated financial statements included herein 405
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
33. INFORMASI SEGMEN (lanjutan) 33. SEGMENT INFORMATION (continued)
Tabel berikut ini menyajikan informasi pendapatan The following table presents revenue and profit,
dan laba dan aset dan liabilitas tertentu sehubungan and certain asset and liability information regarding
dengan segmen operasi Kelompok Usaha: the Group’s operating segments:
31 Desember 2023/Desember 31, 2023 dan/and
tahun yang berakhir tanggal tersebut/the year then ended
Perdagangan Kawasan Penyesuaian/
dan distribusi/ industri/ Eliminasi/
Trading Pabrikan/ Logistik/ Industrial Lainnya/ Total/ Adjustments/ Neto/
and distribution Manufacturing Logistics estate Others Total Eliminations Net
Pendapatan dari kontrak Revenue from contract
dengan pelanggan 38.212.629.240 557.800.532 897.989.772 2.149.006.086 - 41.817.425.630 - 41.817.425.630 with customers
Pendapatan sewa - - 95.859.850 173.666.956 - 269.526.806 - 269.526.806 Rental income
Pendapatan antar segmen 375.800.633 - 429.266.117 - - 805.066.750 (805.066.750) - Inter-segment sales
38.588.429.873 557.800.532 1.423.115.739 2.322.673.042 - 42.892.019.186 (805.066.750) 42.086.952.436
Penyusutan 176.322.156 7.273.287 191.148.793 16.029.560 - 390.773.796 1.250.850 392.024.646 Depreciation
Bagian atas laba Share in income
entitas asosiasi - - 34.534.891 - - 34.534.891 - 34.534.891 of associates
Penghasilan keuangan - neto 388.352.789 8.122.442 5.874.887 4.426.877 - 406.776.995 (245.884.855) 160.892.140 Finance income - net
Beban keuangan (131.345.434) (102.516) (38.085.783) (10.543.230) (2.476.205) (182.553.168) 114.063.932 (68.489.236) Finance costs
Laba (rugi) segmen 2.836.890.865 113.763.934 261.511.652 886.398.953 (88.559.915) 4.010.005.489 (322.533.553) 3.687.471.936 Segment profit (loss)
Aset segmen 10.321.788.586 354.488.646 4.811.437.147 10.228.795.296 42.410.615 25.758.920.290 4.495.702.827 30.254.623.117 Segment assets
Liabilitas segmen 10.103.884.851 42.045.614 347.118.692 5.898.148.497 40.276.028 16.431.473.682 (219.808.078) 16.211.665.604 Segment liabilities
Additions to property,
Penambahan aset tetap 224.696.108 8.058.222 232.732.839 467.997.352 - 933.484.521 - 933.484.521 plant and equipment
31 Desember 2022/Desember 31, 2022 dan/and
tahun yang berakhir tanggal tersebut/the year then ended
Perdagangan Kawasan Penyesuaian/
dan distribusi/ industri/ Eliminasi/
Trading Pabrikan/ Logistik/ Industrial Lainnya/ Total/ Adjustments/ Neto/
and distribution Manufacturing Logistics estate Others Total Eliminations Net
Pendapatan dari kontrak Revenue from contract
dengan pelanggan 44.697.653.377 800.077.036 794.126.035 977.569.716 - 47.269.426.164 - 47.269.426.164 with customers
Pendapatan sewa - - 108.312.847 171.800.988 - 280.113.835 (9.553.395) 270.560.440 Rental income
Pendapatan antar segmen 337.877.002 887.250 391.232.110 - - 729.996.362 (729.996.362) - Inter-segment sales
45.035.530.379 800.964.286 1.293.670.992 1.149.370.704 - 48.279.536.361 (739.549.757) 47.539.986.604
Penyusutan 168.154.640 6.898.381 195.521.990 6.579.302 - 377.154.313 1.308.169 378.462.482 Depreciation
Bagian atas laba Share in income
entitas asosiasi - - 16.632.809 - - 16.632.809 - 16.632.809 of associates
Penghasilan keuangan - neto 293.469.003 2.645.624 2.254.292 2.659.369 - 301.028.288 (261.313.313) 39.714.975 Finance income - net
Beban keuangan (125.471.303) (86.874) (41.969.892) - (1.675.399) (169.203.468) 111.990.937 (57.212.531) Finance costs
Laba (rugi) segmen 3.130.541.977 132.809.402 178.371.168 459.027.985 (1.749.612) 3.899.000.920 (813.084.134) 3.085.916.786 Segment profit (loss)
Aset segmen 10.222.216.357 460.606.574 6.722.940.848 8.068.040.527 128.240.672 25.602.044.978 1.585.563.058 27.187.608.036 Segment assets
Liabilitas segmen 9.992.887.860 57.018.251 582.628.941 4.975.505.275 41.070.686 15.649.111.013 (1.616.313.752) 14.032.797.261 Segment liabilities
Additions to property,
Penambahan aset tetap 177.912.300 8.251.367 43.364.427 62.995.502 - 292.523.596 - 292.523.596 plant and equipment
117
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406 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
33. INFORMASI SEGMEN (lanjutan) 33. SEGMENT INFORMATION (continued)
Beberapa akun tertentu tidak dialokasikan ke segmen Certain accounts are not allocated to individual
individual karena akun-akun tersebut dikelola secara segments as those accounts are managed on a
kelompok di mana rekonsiliasinya disajikan di bawah: group basis which reconciliations are shown
belows:
Rekonsiliasi atas: Reconciliation of:
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
2023 2022
Laba segmen 4.010.005.489 3.899.000.920 Segment profit
Eliminasi antar segmen (111.968.353) (170.257.987) Inter-segment eliminations
Beban penjualan (32.294.062) (112.585.540) Selling expenses
Beban umum dan administrasi (481.085.734) (664.582.401) General and administratives expenses
Penghasilan keuangan 384.163.085 291.569.028 Finance income
Beban keuangan (120.278.963) (112.643.430) Finance costs
Laba (rugi) selisih kurs - neto 4.000.636 (59.309.220) Foreign exchange gain (loss) - net
Lain-lain 34.929.838 14.725.416 Others
Laba Kelompok Usaha 3.687.471.936 3.085.916.786 Group Segment Profit
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Aset segmen 25.758.920.290 25.602.044.979 Segment assets
Eliminasi antar segmen (2.074.292.145) (3.697.867.570) Inter-segment eliminations
Kas dan setara kas 5.400.359.611 3.873.867.432 Cash and cash equivalents
Piutang lain-lain 58.406.225 90.365.528 Other receivables
Aset tetap - neto 738.373.490 743.773.564 Property, plant and equipment - net
Aset lain-lain 372.855.646 575.424.103 Other assets
Aset Operasi Kelompok Usaha 30.254.623.117 27.187.608.036 Group Operating Assets
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Liabilitas segmen 16.431.473.682 15.649.111.013 Segment liabilities
Eliminasi antar segmen (1.026.664.315) (2.315.374.243) Inter-segment eliminations
Hutang obligasi 36.833.937 36.751.679 Bonds payables
Hutang lain-lain dan Other payables and
biaya masih harus dibayar 447.803.117 510.328.907 accrued expenses
Hutang pajak 175.896.226 35.360.742 Taxes payable
Liabilitas pajak tangguhan 18.691.068 11.395.226 Deferred tax liabilities
Liabilitas imbalan pasca kerja 127.631.889 105.223.937 Post-employment benefits liabilities
Liabilitas Operasi Kelompok Usaha 16.211.665.604 14.032.797.261 Group Operating Liabilities
Semua unit Kelompok Usaha, beroperasi di All the business units in the Group, operate in
Indonesia. Indonesia.
118
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Page 403
The original consolidated financial statements included herein 407
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI AND CONTINGENT LIABILITY
Perusahaan The Company
a. Pada tanggal 31 Desember 2023, Perusahaan a. As of December 31, 2023, the Company has
memiliki kontrak forward dari beberapa bank di outstanding forward contracts from several
bawah ini. Tujuan penandatanganan kontrak ini banks below. The purpose of entering those
adalah untuk lindung nilai dari risiko fluktuasi contracts is to hedge the US Dollar currency
mata uang Dolar AS terhadap Rupiah yang movement risk against Rupiah arising from the
berasal dari pembayaran kepada pemasok. payments to its suppliers. All the contracts
Semua kontrak tersebut memiliki periode jatuh have a maturity date of less than three months
tempo kurang dari tiga bulan. Jumlah bersih nilai period. The net total fair values of those
wajar keseluruhan kontrak tersebut sebesar contracts amounting to Rp10,386,500 is
Rp10.386.500 disajikan pada akun hutang lain- presented as other payables in the
lain pada laporan posisi keuangan konsolidasian consolidated statement of financial position on
tanggal 31 Desember 2023 dan perubahan nilai December 31, 2023 and the net changes in fair
wajar sebesar jumlah yang sama disajikan pada values at the same amount is presented as
akun rugi selisih kurs pada laporan laba rugi dan foreign exchange loss in the consolidated
penghasilan komprehensif lain konsolidasian. statement of profit or loss and other
Perusahaan tidak menerapkan akuntansi lindung comprehensive income. The Company’s
nilai untuk kontrak forward tersebut. forward contracts are not accounted under
hedge accounting.
Nilai nominal/ Nilai wajar/
Nominal value Fair value
(dalam Dolar AS/ (dalam Rupiah/
in US Dollar) in Rupiah)
PT Bank Danamon Indonesia Tbk 57.000.000 (4.198.500) PT Bank Danamon Indonesia Tbk
PT Bank Permata Tbk 27.000.000 (1.747.500) PT Bank Permata Tbk
PT Bank Mizuho Indonesia 22.000.000 (1.546.000) PT Bank Mizuho Indonesia
PT Bank Central Asia Tbk 28.000.000 (1.767.000) PT Bank Central Asia Tbk
JP Morgan Chase Bank N.A., Jakarta 10.000.000 (802.500) JP Morgan Chase Bank N.A., Jakarta
PT Bank Mandiri (Persero) Tbk 5.000.000 (325.000) PT Bank Mandiri (Persero) Tbk
Total 149.000.000 (10.386.500) Total
b. Perusahaan memiliki perjanjian distribusi b. The Company has a dealership agreement
dengan PT Asahimas Chemical (Asahimas) with PT Asahimas Chemical (Asahimas)
dimana Asahimas telah menunjuk Perusahaan whereby Asahimas has appointed the
sebagai penyalur untuk produk-produk kimia Company as the dealer of Asahimas chemical
Asahimas di Indonesia. Perjanjian ini berlaku products in Indonesia. The agreement is valid
satu tahun dan diperbaharui secara tahunan for one-year period and is renewable on a
kecuali jika dihentikan oleh kedua belah pihak yearly basis unless terminated by both parties
dengan pemberitahuan tertulis lebih dahulu. with prior written notice.
Sehubungan dengan perjanjian di atas, In connection with the above agreement, the
Perusahaan diharuskan untuk menerbitkan bank Company is required to issue a bank
garansi (payment bonds) kepada Asahimas guarantee (payment bonds) to Asahimas
sebesar Rp32.000.000. Bank garansi tersebut amounting to Rp32,000,000. Such bank
akan dipegang oleh Asahimas sampai dengan guarantee will be held by Asahimas until the
perjanjian tersebut dihentikan oleh kedua belah dealership agreement is terminated by both
pihak. Bank garansi tersebut dikeluarkan oleh parties. The bank guarantee was provided by
Mandiri (Catatan 34i). Mandiri (Note 34i).
119
www.akr.co.id
Page 404
408 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
c. Perusahaan mengadakan perjanjian sewa tanah c. The Company entered into several long-term
jangka panjang dengan PT (Persero) Pelabuhan land lease agreements with PT (Persero)
Indonesia (Pelindo) di pelabuhan Tanjung Priok Pelabuhan Indonesia (Pelindo) in Tanjung
dan pelabuhan lainnya dimana tangki-tangki Priok and other port areas where the
penyimpanan milik Perusahaan berada. Masa Company’s storage tanks are located. The
sewa akan berakhir pada tahun 2024 hingga lease agreements will expire from 2024 to
2034. Saldo yang belum diamortisasi atas hak 2034. The balance of unamortized land lease
sewa tanah sebesar Rp61.269.140 pada tanggal rights of Rp61,269,140 as of December 31,
31 Desember 2023 (2022: Rp61.460.380) dicatat 2023 (2022: Rp61,460,380) is recorded as
sebagai bagian dari “Aset hak-guna” part of “Right-of-use assets” (Note 11).
(Catatan 11).
d. Pada tanggal 31 Desember 2023, Perusahaan d. As of December 31, 2023, the Company has
memiliki acceptance dan open L/C sebesar acceptance and open L/C amounting to
US$554.426.334 dari Mandiri, BNI, BCA, US$554,426,334 from Mandiri, BNI, BCA,
Mizuho, Standard Chartered Bank dan Permata. Mizuho, Standard Chartered Bank and
Permata.
Pada tanggal 31 Desember 2023, Perusahaan As of December 31, 2023, the Company also
juga memiliki bank garansi sebesar has outstanding bank guarantee amounting to
Rp33.957.000 dan US$1.821.350 dari Mandiri. Rp33,957,000 dan US$1,821,350 from
Mandiri.
e. Pada tanggal 23 Desember 2022, Perusahaan e. On December 23, 2022, the Company has
telah ditunjuk kembali oleh Badan Pengatur Hilir been reappointed by Badan Pengatur Hilir
Minyak dan Gas Bumi (BPH Migas) sebagai Minyak dan Gas Bumi (BPH Migas) as the
pendamping dari PT Pertamina (Persero) partner of PT Pertamina (Persero)
(PERTAMINA) untuk penyediaan dan (PERTAMINA) in the supply and distribution of
pendistribusian minyak solar sebanyak 177.014 gas oil with a total of 177,014 kiloliters in 2023
kiloliter di tahun 2023 yang mencakup which covers an area of Sumatera, DKI
wilayah Sumatera, DKI Jakarta, Banten, Jawa Jakarta, Banten, Java and Kalimantan, based
dan Kalimantan berdasarkan Surat Keputusan on the Decision Letters of the Chairman of
dari Kepala BPH Migas No. 126/P3JBT/ BPH Migas No. 126/P3JBT/
BPHMIGAS/KOM/2022. BPHMIGAS/KOM/2022.
Sehubungan dengan penunjukan di atas, In relation to the appointment above, the
Perusahaan telah menandatangani perjanjian Company has entered into agreements with
dengan pihak-pihak lain (operator) dari waktu ke other parties (operators) from time to time
waktu sejak bulan Desember 2009 untuk since December 2009 to open SPBU in the
membuka SPBU di area yang dialokasikan ke area allocated to the Company based on the
Perusahaan berdasarkan surat penunjukan. appointment letter. There are several types of
Terdapat beberapa jenis perjanjian yang arrangement offered to the parties in relation
ditawarkan kepada pihak-pihak tersebut to the operations of the gas stations such as
sehubungan dengan pengoperasian stasiun “dealer owns dealer operates” type and
penyalur seperti jenis “dealer owns dealer “company owns dealer operates” type. The oil
operates” dan “company owns dealer operates”. pump dispenser for the gas station in all types
Pompa dispenser BBM untuk stasiun penyalur of arrangement are supplied by the Company
disediakan oleh Perusahaan dengan sistem on loan basis at no cost and shall be returned
pinjam tanpa biaya dan harus dikembalikan to the Company at the end of the agreement.
kepada Perusahaan pada akhir perjanjian.
120
Laporan Tahunan 2023
Page 405
The original consolidated financial statements included herein 409
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
Perjanjian dengan operator dari SPBU berkisar The agreements with the operators of SPBU
antara 10 sampai 20 tahun dengan pembayaran range from 10 to 20 years with a compensation
kompensasi yang dihitung tergantung jumlah computed dependent on the sales quantity in
penjualan di masa yang akan datang, namun the future, and can be early terminated
dapat dihentikan lebih awal tergantung dari dependent on certain conditions, among others,
kondisi tertentu, yang berhubungan dengan related to the compliance of the operators to the
kepatuhan operator terhadap ketentuan yang provisions in the agreements in operating
dipersyaratkan dalam perjanjian untuk SPBUs.
pengoperasian SPBU.
Perusahaan juga memiliki dan mengoperasikan The Company also owns and operates SPBU
SPBU yang dikenal dengan jenis “company known as “company owns company operates”
owns company operates”. type.
Perusahaan berhak menerima pembayaran The Company is entitled to receive the
penggantian subsidi dari harga jual dari subsidized portion of the selling price from the
Pemerintah berdasarkan ketentuan yang Government based on the applicable ruling.
berlaku. Jumlah penyaluran minyak solar yang Total distribution amounts of gas oil and
diakui adalah sebesar Rp1.563.744.165 untuk gasoline recognized amounted
tahun yang berakhir pada tanggal 31 Desember Rp1,563,744,165 for the year ended December
2023 (2022: Rp1.765.577.438), termasuk subsidi 31, 2023 (2022: Rp1,765,577,438), including
yang diklaim ke Kementerian Keuangan. the subsidy claimed to Ministry of Finance.
f. Pada tanggal 31 Desember 2023, Perusahaan f. As of December 31, 2023, the Company has
telah menandatangani kesepakatan kerja atas signed an agreement for constructions work of
pekerjaan pembangunan fasilitas dermaga, jetty, port and other facilities with contractors
fasilitas pelabuhan dan lainnya dengan and has committed capital expenditure for
kontraktor dan memiliki komitmen pengeluaran property, plant and equipment approximately
modal untuk aset tetap sekitar Rp15.091.341 Rp15,091,341 (2022: Rp15,700,882).
(2022: Rp15.700.882).
g. Pada tanggal 26 Juni 2014, Perusahaan g. On June 26, 2014, the Company obtained
memperoleh fasilitas kredit bersifat tanpa uncommitted non-cash credit facilities from The
komitmen dari The Standard Chartered Bank, Standard Chartered Bank Indonesia branch
cabang Indonesia dengan kombinasi limit dari with a combined limit of various sub-limit in
dengan beberapa sub-limit dari Import L/C Sight Import L/C Sight and Usance facilities, Import
and Usance facilities, Import Loan Facility, Import Loan Facility, Import Invoice Financing Facility,
Invoice Financing Facility, dan Export Invoice and Export Invoice Financing Facility with total
Financing Facility dengan total limit limit amounting to US$50,000,000. The
US$50.000.000. Perjanjian ini telah diubah dari Agreement has been amended from time to
waktu ke waktu, terakhir pada tanggal time, the latest of which is on February 14,
14 Februari 2023. 2023.
Perjanjian ini mensyaratkan Perusahaan untuk The Agreement also requires the Company to
memenuhi beberapa rasio keuangan tertentu. meet certain financial ratios. The agreement
Perjanjian ini juga memuat klausul perpanjangan also contains an automatic renewal clause of a
secara otomatis untuk basis periode setiap 12 period of 12 months unless terminated by the
bulan, kecuali diakhiri oleh Bank dari waktu ke Bank from time to time.
waktu.
121
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Page 406
410 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
h. Pada tahun 2007, Perusahaan memperoleh h. In 2007, the Company obtained unsecured
fasilitas kredit tanpa jaminan dengan dasar and uncommitted credit facilities from JP
uncommitted dari JP Morgan Chase Bank N.A., Morgan Chase Bank N.A., Jakarta Branch,
Cabang Jakarta, dengan jumlah maksimum with maximum facility amount US$30,000,000,
kredit adalah sebesar US$30.000.000, untuk for issuance of L/C, Payable Financing and
fasilitas L/C, Payable Financing dan Trust Trust Receipt and FX Line or foreign exchange
Receipt dan Fasilitas FX atau valuta asing futures. These facilities have been extended
berjangka. Fasilitas ini telah diperpanjang until November 15, 2024.
sampai dengan tanggal 15 November 2024.
i. Pada tanggal 11 November 2009, Perusahaan i. On November 11, 2009, the Company signed
menandatangani perjanjian pinjaman dengan loan agreements with Mandiri, whereby
Mandiri, dimana Mandiri setuju untuk Mandiri agreed to provide three credit facilities
menyediakan tiga fasilitas kredit (termasuk (including the term loan facility as disclosed in
fasilitas pinjaman berjangka yang disajikan pada Note 18) to the Company. These facilities are
Catatan 18) kepada Perusahaan. Fasilitas intended for purchase of petroleum and
tersebut digunakan untuk pembelian produk chemical products, hedging and tender
bahan bakar minyak (BBM) dan bahan kimia, projects and are available for one year from
transaksi lindung nilai (hedging) dan keperluan the signing date. These facilities have been
tender proyek dan fasilitas ini tersedia untuk extended until November 9, 2025.
jangka waktu satu tahun dari tanggal
penandatanganan perjanjian. Fasilitas ini telah
diperpanjang sampai dengan tanggal
9 November 2025.
Pada tanggal 7 Oktober 2022, Perusahaan dan On October 7, 2022, the Company and Mandiri
Mandiri menandatangani perubahan atas signed an amendment to the loan agreement
perjanjian kredit untuk kenaikan plafon fasilitas to increase the Company’s limit on non-cash
pinjaman non-kas dari US$300.000.000 menjadi loan facilities from US$300,000,000 to
US$450.000.000. US$450,000,000.
Fasilitas yang tersedia adalah sebagai berikut: The facilities available are as follows:
i) Fasilitas pinjaman non-kas sebesar i) Committed and revolving non-cash loan
US$450.000.000, dengan beberapa sub- at US$450,000,000, with various sub-limit
limit untuk fasilitas T/R atas dasar L/C, for T/R facility base on L/C, Deferred
Deferred Payment, dan Standby L/C Payment, and Standby L/C (SBLC)
(SBLC); facility;
ii) Fasilitas Bank Garansi sebesar ii) Bank Guarantee facility at
US$100.000.000; US$100,000,000;
iii) Fasilitas hedging FX sebesar iii) Hedging FX facility at US$50,000,000.
US$50.000.000.
122
Laporan Tahunan 2023
Page 407
The original consolidated financial statements included herein 411
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
j. Perusahaan memiliki fasilitas pinjaman dari j. The Company obtained loan facilities from
Permata yang mencakup: Permata comprising of:
i) Fasilitas revolving yang bersifat i) Uncommitted revolving loan facility
uncommitted sebesar Rp200.000.000; amounting to Rp200,000,000;
ii) Fasilitas transaksi valuta asing dengan LER ii) Foreign exchange facility with LER
sebesar US$60.000.000; amounting to US$60,000,000;
iii) Fasilitas kredit tanpa jaminan dengan dasar iii) Unsecured and uncommitted credit
uncommitted berupa Omnibus L/C Import facilities of Omnibus L/C Import consisting
yang terdiri dari fasilitas L/C, CBN of L/C, CBN Discrepant, Bank Guarantee
Discrepant, Bank Garansi dan Payable and Payable Services with a total limit
Services dengan total limit US$100.000.000. US$100,000,000.
Fasilitas ini tersedia sampai dengan tanggal These facilities are available until October 7,
7 Oktober 2025. 2025.
k. Pada tahun 2005 dan 2006, Perusahaan k. In 2005 and 2006, the Company entered into
mengadakan perjanjian pinjaman dengan BCA loan agreements with BCA whereby BCA
dimana BCA setuju untuk memberikan beberapa agreed to provide several credit facilities to the
fasilitas kepada Perusahaan. Fasilitas-fasilitas Company. These facilities are used for
tersebut digunakan untuk modal kerja, working capital, petroleum and chemical
mengimpor BBM dan bahan kimia, transaksi import transactions, hedging and for
lindung nilai (hedging) dan untuk keperluan participation in tender offer.
tender.
Pada tanggal 22 September 2023, Perusahaan On September 22, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Investment Credit 6 facility with limit amount of
Investasi 6 dengan limit sebesar Rp300.000.000 Rp300,000,000 with a credit period of 5 years
dengan jangka waktu kredit 5 tahun yang to be used for capital expenditure and/or
digunakan untuk capital expenditure dan atau increase capital in subsidiaries. There is no
peningkatan modal pada entitas anak. Belum drawdown yet as of December 31, 2023.
ada penarikan per tanggal 31 Desember 2023.
Perjanjian-perjanjian kredit dengan BCA tersebut The loan agreements with BCA are amended
diubah dari waktu ke waktu. Berdasarkan from time to time. Based on the latest
perubahan terakhir di bulan September 2023 amendment in September 2023 the available
fasilitas yang tersedia adalah: facilities are:
i) Fasilitas cerukan sebesar US$2.000.000 i) Overdraft facility of US$2,000,000 and
dan Rp80.000.000; Rp80,000,000;
ii) Fasilitas pinjaman non-kas sebesar ii) Non-cash loan facilities at
US$450.000.000 dengan beberapa fasilitas US$450,000,000 with various facility for
untuk L/C uncommitted, SKBDN, Standby uncommitted L/C, SKBDN, Standby L/C
L/C (SBLC), Bank Garansi, dan pinjaman (SBLC), Bank Guarantee, and Money
berjangka Money Market Line; Market Line;
iii) Fasilitas valuta asing sebesar iii) Foreign exchange line facility amounted
US$65.000.000. to US$65,000,000.
123
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Page 408
412 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
Fasilitas pinjaman ini dijamin dengan negative The loan facilities are secured by a negative
pledge atas aset (Entitas Induk) dimana pledge on assets (Parent Entity) whereby the
Perusahaan tidak boleh memberikan jaminan Company commits not to create any securities
kepada pihak lain di masa depan tanpa with future lenders without prior written
persetujuan tertulis dari BCA. Perusahaan consent from BCA. The Company is obliged to
disyaratkan untuk mengajukan terlebih dahulu BCA’s right of first offer whenever the
kepada BCA apabila Perusahaan bermaksud Company is seeking new loan or credit facility.
untuk memperoleh pinjaman atau kredit baru. Also, the Company without prior approval from
Dan juga tanpa persetujuan dari BCA, BCA, shall not among others:
Perusahaan tidak boleh melakukan antara lain
hal-hal sebagai berikut:
- mengagunkan harta kekayaan Perusahaan; - pledge of its assets; file for bankruptcy;
mengajukan permohonan pailit;
- melakukan peleburan, penggabungan, - conduct consolidation, merger, takeover
pengambilalihan atau pembubaran; or liquidation;
- mengubah status kelembagaan; - change the organization status;
- mengubah kepemilikan mayoritas saham - changes in the majority shareholding of
pada Perusahaan dan/atau PT AKRT oleh the Company and/or PT AKRT by
Keluarga Adikoesoemo, baik secara Adikoesoemo’s Family, either directly or
langsung maupun tidak langsung yang indirectly which will result in the reduction
mengakibatkan jumlah kepemilikan saham of the shareholding to less than 50.1%.
menjadi kurang dari 50,1%.
Perjanjian ini juga mensyaratkan Perusahaan, These Agreements also require the Company,
antara lain untuk mempertahankan rasio among others, to maintain several financial
keuangan tertentu. Perjanjian kredit ini telah ratios. The credit agreement has been
diperpanjang sampai dengan tanggal extended until September 30, 2024.
30 September 2024.
l. Pada tanggal 28 Maret 2014, Perusahaan l. On March 28, 2014, the Company signed
menandatangani perjanjian pinjaman dengan several loan agreements with Danamon,
Danamon, dimana Danamon setuju untuk whereby Danamon agreed to provide credit
menyediakan fasilitas kredit kepada facilities to the Company. These facilities are
Perusahaan. Fasilitas tersebut digunakan untuk intended for purchase of petroleum and
pembelian produk bahan bakar minyak (BBM) chemical products, hedging, tender projects
dan bahan kimia, transaksi lindung nilai and available for a year from the signing date.
(hedging), keperluan tender proyek dan tersedia These facilities have been extended until
untuk jangka waktu satu tahun dari tanggal May 28, 2024.
penandatanganan perjanjian. Fasilitas ini telah
diperpanjang sampai dengan tanggal
28 Mei 2024.
124
Laporan Tahunan 2023
Page 409
The original consolidated financial statements included herein 413
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
Perjanjian fasilitas pinjaman telah diubah dari The facility agreements have been amended
waktu ke waktu dimana perubahan terakhir pada from time to time whereby the latest
bulan Agustus 2023 yang memberikan fasilitas amendments were made in August 2023
sebagai berikut: providing the following credit lines:
i) Fasilitas yang bersifat tanpa komitmen i) Uncommitted and revolving loan at
(uncommitted) dan berulang (revolving) US$120,000,000 with various sub-limit for
sebesar US$120.000.000 dengan beberapa Trust Receipt (TR), Open Account
sub-limit untuk Trust Receipt (T/R), Open Financing (OAF), Bank
Account Financing (OAF), Bank Guarantee/Standby Letter of Credit
Garansi/Standby Letter of Credit (SBLC) (SBLC) and Trade Supplier Financing
dan Trade Supplier Financing (TSF); (TSF);
ii) Fasilitas transaksi lindung nilai (hedging) ii) Hedging FX facility with Pre-Settlement
dengan Pre-Settlement Exposure (PSE) Exposure (PSE) at US$10,000,000.
sebesar US$10.000.000.
Perjanjian ini juga mensyaratkan Perusahaan The agreement also requires the Company to
untuk mempertahankan rasio keuangan tertentu. maintain several financial ratios.
m. Pada tanggal 15 Agustus 2022, Perusahaan m. On August 15, 2022, the Company signed
menandatangani perjanjian pinjaman dengan several loan agreements with BNI. On
BNI. Pada 11 Agustus 2023, Perusahaan dan August 11, 2023, the Company signed
BNI melakukan perubahan atas Perjanjian amendment of Loan Agreement with BNI,
Kredit, dimana BNI setuju untuk menyediakan where BNI agreed to provide the following
fasilitas kredit berupa: credit facilities:
i) Fasilitas non-kas sebesar US$200.000.000 i) Non-cash loan facilities at
dengan berbagai fasilitas untuk L/C, US$200,000,000 with various facilities for
SKBDN, Bank Garansi, Trust Receipt; L/C, SKBDN, Bank Guarantee and Trust
Receipt;
ii) Fasilitas Limit Negosiasi Wesel Ekspor ii) Limit Negosiasi Wesel Export (LNWE)
(LNWE) sebesar US$25.000.000; dan facility at US$25,000,000; and
iii) Fasilitas Treasury Line sebesar iii) Treasury Line Facility at US$5,000,000.
US$5.000.000.
Perjanjian ini juga mensyaratkan Perusahaan, These loan agreements also require the
antara lain untuk mempertahankan rasio Company, among others, to maintain several
keuangan tertentu. Perjanjian kredit ini berlaku financial ratios. These loan agreements are
sampai dengan tanggal 14 Agustus 2024. valid until August 14, 2024.
125
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Page 410
414 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
n. Pada tanggal 15 Desember 2022, Perusahaan n. On December 15, 2022, the Company signed
menandatangani perjanjian pinjaman dengan loan agreements with PT Bank Mizuho
PT Bank Mizuho Indonesia (Mizuho), dimana Indonesia (Mizuho), whereby Mizuho agreed
Mizuho setuju untuk menyediakan fasilitas kredit to provide credit facilities:
berupa:
i) Fasilitas Import L/C (Sign/Usance)/ i) Import L/C (Sight/Usance)/Acceptance/
Acceptance/Trust Receipt/Export L/C, Bank Trust Receipt/Export L/C, Bank
Garansi, Revolving Loan sebesar Guarantee, Revolving Loan Facilities at
US$50.000.000; US$50,000,000;
ii) Fasilitas Forex Line sebesar ii) Forex Line facility at US$10,000,000.
US$10.000.000.
Perjanjian ini juga mensyaratkan Perusahaan, These loan agreements also require the
antara lain untuk mempertahankan rasio Company, among others, to maintain several
keuangan tertentu. Perjanjian kredit ini berlaku financial ratios. These loan agreements are
sampai dengan tanggal 15 Desember 2024. valid until December 15, 2024.
o. Melalui Surat Keterbukaan Informasi kepada o. Through its Disclosure of Information Letter to
OJK dan BEI No. 066/L-AKR-CS/2023 tanggal OJK and IDX No. 066/L-AKR-CS/2023 dated
31 Agustus 2023, Perusahaan melaporkan August 31, 2023, the Company reported that
bahwa pada tanggal 28 Agustus 2023 telah on August 28, 2023, it has signed Letter of
menandatangani Letter of Intent dengan Sichuan Intent with Sichuan Hebang Biotechnology
Hebang Biotechnology Co., Ltd. (Hebang), Co., Ltd. (Hebang), which both parties, among
kedua belah pihak sepakat untuk mendirikan others, agreed to establish a joint venture in
perusahaan patungan di JIIPE, dengan JIIPE, with ownership interest of Hebang and
kepemilikan saham Hebang dan the Company/any affiliates designated, of 90%
Perusahaan/affiliasi yang ditunjuk, masing- and 10%, respectively. The Letter of Intent is
masing sebesar 90% dan 10%. Letter of Intent signed parallelly with the sign-off a Conditional
ditandatangani bersamaan dengan Sales and Purchase Binding Agreement
penandatangan Perjanjian Pengikatan Jual Beli between Hebang and BKMS of industrial land
Bersyarat antara Hebang dan BKMS atas lahan in JIIPE approximate 67 hectares for a
di JIIPE sekitar 67 hektar untuk pembangunan chemical related plant with a total estimated
pabrik yang berkaitan dengan bahan kimia investment value of US$800 million.
dengan perkiraan total nilai investasi sebesar
US$800 juta.
126
Laporan Tahunan 2023
Page 411
The original consolidated financial statements included herein 415
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak Subsidiaries
Aruki Aruki
a. Aruki memiliki perjanjian dengan Mitsui a. Aruki has agreement with Mitsui Chemicals
Chemicals Inc. (MCI), Jepang, dimana MCI Inc. (MCI), Japan, whereby MCI granted Aruki
memberikan Aruki hak untuk menggunakan to use the technical know how to produce its
pengetahuan teknis dalam memproduksi kimia adhesive chemical products and to use the
perekat dan logo/merek dagang di Indonesia logo/trademark in Indonesia free of charge.
tanpa dibebani biaya. Perjanjian ini berlaku The agreement shall remain in force for an
tanpa waktu terbatas selama Perusahaan tetap unlimited period as long as the Company
merupakan pemegang saham pengendali atas remains as the controlling shareholder of
Aruki. Aruki.
b. Pada tanggal 4 Mei 2018, Aruki menandatangani b. On May 4, 2018, Aruki signed a credit
perjanjian kredit dengan BCA, dimana BCA agreement with BCA, whereby BCA agreed to
setuju untuk menyediakan fasilitas kredit non- provide of non-cash credit facilities with
kas dengan jumlah tidak melebihi ekuivalen amount not exceeding equivalent
US$3.000.000 dengan beberapa sub-limit untuk US$3,000,000 with various sub-limit of
Usance L/C, Sight L/C dan SKBDN. Fasilitas Usance L/C, Sight L/C and SKBDN. These
tersebut digunakan untuk pembelian bahan facilities are intended for the purchase of raw
baku, suku cadang/mesin. Pada bulan Agustus materials, spare parts/machines. In August
2020, fasilitas kredit diperpanjang dengan 2020, there is an additional facility - forex line
tambahan fasilitas forex line sebesar line amounting to US$2,000,000 with contract
US$2.000.000 untuk kontrak forward sampai forward up to 2 months. Those facilities
dengan 2 bulan. Fasilitas tersebut tersedia available until May 4, 2024.
sampai dengan tanggal 4 Mei 2024.
Perjanjian ini mensyaratkan Aruki untuk The agreement requires Aruki to maintain
mempertahankan rasio keuangan tertentu. certain financial ratios.
JTT JTT
JTT mempunyai perjanjian sewa tanah jangka JTT has long-term land lease agreement with
panjang dengan Pelindo, termasuk sewa jalur pipa Pelindo, including lease of underwater ways for
bawah laut sampai dengan tahun 2034 di Tanjung pipelines until 2034 in Tanjung Priok, Jakarta. The
Priok, Jakarta. Saldo hak pakai tanah yang belum balance of unamortized land lease rights of
diamortisasi adalah Rp71.571.976 pada tanggal Rp71,571,976 as of December 31, 2023 (2022:
31 Desember 2023 (2022: Rp80.057.180) disajikan Rp80,057,180) is recorded as part of “Right-of-use
sebagai bagian dari “Aset hak-guna” (Catatan 11). assets” (Note 11).
127
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Page 412
416 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS BKMS
a. Sehubungan dengan konstruksi proyek JIIPE a. In relation to the construction of JIIPE project
sebagaimana diungkapkan dalam Catatan 13 as disclosed in Note 13 and other relevant
dan catatan lainnya atas laporan keuangan notes to the consolidated financial statements,
konsolidasian yang relevan, pada tanggal as of December 31, 2023, BKMS has
31 Desember 2023, BKMS telah signed/awarded contracts with/to various
menandatangani/meng-award kontrak dengan/ contractors and vendors as follows:
kepada berbagai kontraktor dan penyedia jasa
dengan rincian sebagai berikut:
31 Desember 2023/ 31 Desember 2022/
December 31, 2023 December 31, 2022
Pembayaran Nilai Pembayaran Nilai
Uang Muka/ Komitmen/ Uang Muka/ Komitmen/
Nilai Kontrak/ Advance Commitment Nilai Kontrak/ Advance Commitment
Contract Value Payment Value Contract Value Payment Value
Rupiah 228.948.093 77.250.955 151.697.138 288.701.987 141.143.991 147.557.996 Rupiah
Uang muka yang dibayarkan dicatat sebagai The downpayment made is recorded as part of
bagian dari akun Uang Muka atau Persediaan Advanced Payments or Industrial Estate Land
Tanah Kawasan Industri dalam dan untuk Inventory under and for Development or
Pengembangan atau Aset Tetap, tergantung dari Property, Plant, and Equipment, depending on
sifat pembayaran yang dilakukan, dalam laporan the nature of payment, in the consolidated
posisi keuangan konsolidasian pada tanggal statement of financial position at the reporting
pelaporan. Jenis pekerjaan yang dicakup antara date. The type of work covered in the
lain adalah persiapan pembangunan jalan akses contracts, among others, preparing temporary
sementara, pekerjaan pelindungan pantai di access road, seashore protection works in
beberapa area dari kawasan industri, pekerjaan certain parts of industrial estate location, land
reklamasi tanah, pasokan pasir, instalasi pipa reclamation work, supply of sand, pipe line
angkut dan lainnya. installation, etc.
b. BKMS juga menandatangani perjanjian dengan b. BKMS also entered into agreements with
beberapa Notaris dan Pejabat Pembuat Akta several Notaries and Land Deed Officers
Tanah (PPAT) Kabupaten Gresik untuk (PPAT) resided at Gresik Regency in
penyediaan jasa pembuatan akta jual beli dan providing services for certification of Notarial
pengurusan sertifikat Hak Guna Bangunan of Sale and Purchase Agreements and
(HGB). Certificates of Building Rights Title (HGB).
128
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Page 413
The original consolidated financial statements included herein 417
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS (lanjutan) BKMS (continued)
c. BKMS dan PT Berkah Tiga Usaha (BTU) telah c. BKMS and PT Berkah Tiga Usaha (BTU) have
menandatangani perjanjian pekerjaan angkutan signed an agreement for sand transportation
pasir dan normalisasi tanah di JIIPE, Gresik and land normalization at JIIPE, Gresik dated
tanggal 19 Oktober 2015, yang kemudian diubah October 19, 2015, which was later amended
pada tanggal 1 Desember 2015, di mana BKMS on December 1, 2015, where BKMS as the
sebagai penerima jasa telah membayarkan uang service recipient has paid an advance
muka sebesar Rp30.000.000 pada tanggal 28 payment of Rp30,000,000 on December 28,
Desember 2015 dan 4 Januari 2016 kepada BTU 2015, and January 4, 2016, to BTU as the
sebagai pemberi jasa. BTU telah memberikan service provider. BTU has provided a bank
bank garansi (jaminan uang muka dan jaminan guarantee (down payment guarantee and
pelaksanaan) kepada BKMS sebesar implementation guarantee) to BKMS
Rp30.000.000 dan Rp7.500.000 yang diterbitkan amounting to Rp30,000,000 and Rp7,500,000
oleh PT Bank Syariah Bukopin (saat ini bernama issued by PT Bank Syariah Bukopin (currently
PT Bank KB Bukopin Syariah). named PT Bank KB Bukopin Syariah).
Dalam pelaksanaan perjanjian, timbul In the implementation of the agreement, legal
permasalahan hukum antara BKMS dan BTU issues arose between BKMS and BTU that
yang tidak dapat diselesaikan secara damai could not be resolved amicably, so the parties
sehingga para pihak mengajukan upaya hukum filed legal remedies as follows:
sebagai berikut:
1. Permohonan arbitrase kepada Badan 1. Request for arbitration to the Indonesian
Arbitrase Nasional Indonesia (BANI) oleh National Arbitration Board (BANI) by BTU
BTU tanggal 28 Oktober 2016 dengan hasil dated October 28, 2016, with the result
BANI menghapuskan perkara tersebut pada that BANI dismissed the case on
tanggal 21 Maret 2017 karena BTU tidak March 21, 2017, because BTU did not
memenuhi persyaratan yang ditetapkan oleh meet the requirements set by BANI.
BANI.
2. Pengajuan gugatan oleh BKMS kepada 2. Submission of a lawsuit by BKMS against
PT Bank Syariah Bukopin di Pengadilan PT Bank Syariah Bukopin at the Central
Negeri Jakarta Pusat dengan register Jakarta District Court with case register
perkara No. 80/Pdt.G/2017/PN.Jkt.Pst. No. 80/Pdt.G/2017/PN.Jkt.Pst. dated
tanggal 14 Februari 2017. Perkara tersebut February 14, 2017. The case is continued
berlanjut sampai pada tingkat kasasi di to the appeal to the supreme court level at
Mahkamah Agung (MA), di mana melalui the Supreme Court (MA), where through
Putusan MA No. 2167 K/Pdt/2020 tanggal MA Decision No. 2167 K/Pdt/2020 dated
14 September 2020, gugatan BKMS September 14, 2020, the BKMS lawsuit
dinyatakan tidak dapat diterima karena was declared inadmissible because the
Pengadilan Negeri tidak berwenang untuk District Court did not have the authority to
memeriksa, mengadili, dan memutus perkara examine, hear, and decide the case.
tersebut.
3. Pengajuan permohonan arbitrase kepada 3. Submission of a request for arbitration to
BANI oleh BKMS tanggal 18 November BANI by BKMS on November 18, 2021.
2021. Kemudian, pada tanggal 30 Juni Then, on June 30, 2022, based on BANI
2022, berdasarkan Putusan BANI Decision No. 59/ARB/BANI-SBY/XI/2021
No. 59/ARB/BANI-SBY/XI/2021 (Putusan (BANI Decision), BTU was declared in
BANI), BTU dinyatakan wanprestasi dan default and caused losses to BKMS and
menimbulkan kerugian bagi BKMS serta was ordered to pay Rp37,500,000 to
dihukum untuk membayar Rp37.500.000 BKMS.
kepada BKMS.
129
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Page 414
418 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS (lanjutan) BKMS (continued)
Pada tanggal 18 Juli 2022, Putusan BANI telah On July 18, 2022, the BANI Decision was filed
dimohonkan untuk eksekusi di Pengadilan Negeri for execution at the Tangerang District Court.
Tangerang. Pengadilan Negeri Tangerang telah The Tangerang District Court has issued an
mengeluarkan penetapan eksekusi tanggal order of execution dated October 18, 2022, and
18 Oktober 2022 dan BTU telah ditegur secara BTU has been formally reprimanded to
resmi untuk segera melaksanakan Putusan BANI. immediately implement the BANI Decision.
Kemudian, BTU mengajukan upaya permohonan Then, BTU filed a request for annulment of the
pembatalan terhadap Putusan BANI di BANI Decision at the Tangerang District Court
Pengadilan Negeri Tangerang dengan register with case register No. 1188/Pdt.P/2022/PN.Tng
perkara No. 1188/Pdt.P/2022/PN.Tng tanggal dated December 6, 2022. Then, on February 20,
6 Desember 2022. Lalu, pada tanggal 20 Februari 2023, the Tangerang District Court decided that
2023, Pengadilan Negeri Tangerang telah the annulment request filed by BTU was
memutus bahwa permohonan pembatalan yang inadmissible. Based on this decision, BTU filed
diajukan BTU tidak dapat diterima. Atas putusan an appeal to the Supreme Court with case
tersebut, BTU mengajukan upaya hukum banding register No. 918 B/Pdt.Sus-Arbt/2023. Then, on
ke MA dengan register perkara No. 918 August 24, 2023, the Supreme Court decided to
B/Pdt.Sus-Arbt/2023. Kemudian, pada tanggal reject BTU's request for annulment and uphold
24 Agustus 2023, MA telah memutuskan untuk the BANI Decision. Currently, BKMS is still
menolak permohonan pembatalan BTU dan waiting for a copy of the appeal decision from
menguatkan amar Putusan BANI. Saat ini, BKMS the Supreme Court through the Tangerang
masih menunggu salinan putusan banding dari District Court.
MA melalui Pengadilan Negeri Tangerang.
d. Pada tanggal 8 Desember 2020, BKMS d. On December 8, 2020, BKMS obtained an IMBT
memperoleh fasilitas pembiayaan IMBT dari financing facility from Permata with maximum
Permata dengan jumlah maksimum sebesar amount of Rp162,000,000 with credit term of 6
Rp162.000.000 dengan jangka waktu years to refinance its existing syndication loan.
pembiayaan selama 6 tahun untuk pembiayaan
kembali pinjaman sindikasi yang ada.
Transaksi pembiayaan kembali ini mengadopsi This refinancing transaction adopted the Islamic
prinsip Akuntansi Syariah “Ijarah” sesuai dengan Shariah Accounting “Ijarah” principle in
PSAK 107 dimana BKMS seolah-olah accordance with PSAK 107 whereby BKMS as
mengalihkan 6-tahun-manfaat PLTMG sebagai if transferred the 6-year-benefits of its PLTMG
aset jaminan (“objek ijarah untuk sewa”) kepada as the collateralized asset (“ijarah object for
Permata, dan kemudian BKMS akan menyewa lease”) to Permata, which then BKMS lease
kembali PLTMG tersebut selama masa berlaku back the PLTMG over the tenor of the facility. At
fasilitas. Pada akhir masa pinjaman, Permata the end of the tenor, Permata shall transfer back
harus mengalihkan kembali objek sewa ke BKMS the lease object to BKMS using the “akad hibah”
dengan menggunakan akad hibah tanpa biaya. at no cost. The difference between the cost of
Perbedaan antara nilai manfaat 6-tahun dan nilai the 6-year-benefits and the facility amount
fasilitas pinjaman yang diterima diakui sebagai received is recognized as gain on the
laba atas pengalihan objek “ijarah” untuk sewa transferred of a “ijarah” object for lease
sebesar Rp61.312.010. Pembayaran cicilan dari amounting to Rp61,312,010. The payment of
fasilitas pinjaman harus dicatat sebagai biaya the installment of the loan facility shall be
sewa. recorded as lease expense.
130
Laporan Tahunan 2023
Page 415
The original consolidated financial statements included herein 419
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS (lanjutan) BKMS (continued)
Pinjaman ini dijamin dengan tanah dan bangunan This loan is secured by the land and building of
proyek PLTMG seluas 1,6 hektar berikut the PLTMG project covering an area of 1.6
bangunan infrastruktur, mesin-mesin serta hectares along with the building infrastructure,
peralatan yang melekat di atasnya yang terletak machineries and equipment attached to it which
di Gresik, Jawa Timur, dan seluruh hasil klaim is located in Gresik, East Java, and all of the
atas asuransi sehubungan dengan proyek insurance claims related to the PLTMG project.
PLTMG.
BKMS juga diwajibkan untuk mempertahankan BKMS also required to maintain certain financial
rasio keuangan tertentu. ratios.
e. Pada tanggal 31 Desember 2023, BKMS e. As of December 31, 2023, BKMS has
memiliki kontrak forward dan fasilitas Bank outstanding forward contracts from Bank
Permata sebesar nilai nominal Permata with nominal value of US$83,821,117
US$83.821.117 dan dengan nilai wajar and with fair value of Rp13,780,032 is presented
sebesar Rp13.780.032 disajikan pada akun as other receivables in the consolidated
piutang lain-lain pada laporan posisi statement of financial position.
keuangan konsolidasian.
f. Pada bulan September 2023, BKMS dan f. On September 2023, BKMS and an anchor
anchor tenant menandatangani Perjanjian tenant have signed a Handover Agreement for
Serah Terima untuk sistem kabel listrik dan electrical cabling system and its infrastructures,
infrastrukturnya, dimana BKMS membeli whereby BKMS purchased such asset at the
aset tersebut dengan jumlah yang disepakati agreed amount of Rp293 million. Both parties
sebesar Rp293 juta. Kedua belah pihak setuju have agreed to proceed it with a formal
untuk melanjutkannya dengan Perjanjian Sales/Transfer Agreement and with the
Penjualan/Penyerahan secara formal dan additional land lease agreement related to the
dengan perjanjian sewa tanah tambahan terkait infrastructures. The related assets have been
dengan infrastruktur tersebut. Aset terkait telah recorded as part of Property, Plant and
dicatat sebagai bagian dari Aset Tetap Equipment (Note 10).
(Catatan 10).
Sampai dengan tanggal penyelesaian laporan As at the completion date of the consolidated
keuangan konsolidasian, perjanjian ini masih financial statements, the agreements are yet to
dalam tahap penyelesaian. be finalized and signed.
TNU TNU
a. TNU, entitas anak Andahanesa, mempunyai a. TNU, a subsidiary of Andahanesa, has a long-
perjanjian sewa tanah jangka panjang dengan term land lease agreement with BJTI until 2034
BJTI sampai dengan tahun 2034 di Pelabuhan in Port of Tanjung Perak, Surabaya. The balance
Tanjung Perak, Surabaya. Saldo hak pakai tanah of unamortized land lease rights of
yang belum diamortisasi adalah Rp14.136.272 Rp14,136,272 as of December 31, 2023 (2022:
pada tanggal 31 Desember 2023 (2022: Rp15,421,388), which is presented as part of
Rp15.421.388), yang disajikan sebagai bagian “Right-of-use assets” (Note 11).
dari “Aset hak-guna” (Catatan 11).
b. Pada tahun 2018, TNU, entitas anak tidak b. In 2018, TNU, an indirect subsidiary of the
langsung Perusahaan, menerima klaim dari pihak Company, received a claim from a third party
ketiga dalam hubungannya dengan pertinent to its asset construction. The claim is in
pembangunan asetnya. Klaim ini sedang dalam process to be settled by the parties through a
proses penyelesaian oleh kedua belah pihak mediation process at reporting date.
melalui proses mediasi pada tanggal pelaporan.
131
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Page 416
420 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Anugrah Anugrah
Pada bulan Juli 2011, dan beserta perubahan In July 2011, and further as amended, Anugrah
berikutnya, Anugrah menandatangani perjanjian signed a capital investment agreement with two
investasi modal dengan dua pemegang saham individual shareholders of PT Jabal Nor (Jabal Nor)
individual PT Jabal Nor (Jabal Nor) untuk mengakuisisi to acquire a total of 59.40% ownership interest in
keseluruhan 59,40% kepemilikan saham di Jabal Nor Jabal Nor at Rp176,000,000 to be achieved in
sebesar Rp176.000.000 yang akan dicapai dalam certain stages upon the completion of certain
beberapa tahapan sesuai dengan pencapaian requirements as stipulated in the agreement by all
ketentuan-ketentuan tertentu dalam perjanjian oleh parties. As of December 31, 2016, Anugrah has not
semua pihak. Pada tanggal 31 Desember 2016, reached the total targeted ownership percentage up
Anugrah belum mencapai target persentase and therefore, the total cash contribution made
kepemilikan, sehingga jumlah setoran tunai yang telah reflecting a 42.94% ownership interest in Jabal Nor,
dilakukan yang mencerminkan 42,94% kepemilikan di is treated as investment in an associate.
Jabal Nor, diperlakukan sebagai investasi pada entitas
asosiasi.
Berdasarkan Akta Notaris Jose Dima Satria, S.H., Based on the Notarial Deed of Jose Dima Satria,
M.Kn., No. 27 tanggal 9 Maret 2017, Anugrah, entitas S.H., M.Kn., No. 27 dated March 9, 2017, Anugrah,
anak Perusahaan, selaku pemegang 42,94% saham a subsidiary of the Company, as the holder of
Jabal Nor, telah menandatangani akta Pengalihan 42.94% shares in Jabal Nor, has signed the deed of
Saham atas seluruh kepemilikan saham Anugrah atas transfer Anugrah whole shares ownership in Jabal
Jabal Nor. Transaksi pengalihan saham tersebut Nor. The transaction from the share transfer is
dicatat di dalam akun “Aset keuangan tidak lancar recorded under “Other non-current financial assets”.
lainnya”.
Berdasarkan ikatan perjanjian tanggal 29 Juli 2020, Based on the commitment agreement on July 29,
pemegang saham individual telah sepakat untuk 2020, individual shareholders agreed to settle the
menyelesaikan kewajibannya dengan pengalihan aset transaction by transferring assets in the form of
berupa tanah kepada Anugrah. lands to Anugrah.
AKRIDA AKRIDA
Pada tanggal 15 November 2016, AKRIDA dan BP On November 15, 2016, AKRIDA and BP Global
Global Investments Limited menandatangani Investments Limited signed a Heads of Agreement
Perjanjian Pendahuluan (Heads of Agreement) untuk for Retail Joint Venture in London. The purpose
usaha Joint Venture Ritel di London. Maksud dan and objective of entering into the Heads of
tujuan dari Perjanjian Pendahuluan ini adalah untuk Agreement is to explore the creation of a joint
mengeksplorasi pendirian usaha joint venture dalam venture to establish and grow retail fuel network to
rangka membangun dan mengembangkan jaringan supply premium quality fuels and provide
ritel BBM untuk memasok BBM berkualitas premium differentiated offer to the Indonesia customers. The
dan memberikan tawaran yang berbeda untuk Company has made the Disclosure of Information
konsumen Indonesia. Perusahaan telah melakukan in its Letter No. 112/L-AKR-CS/2016 dated
Keterbukaan Informasi melalui Surat No. 112/L-AKR- November 16, 2016 to OJK and IDX (Note 1b).
CS/2016 tanggal 16 November 2016 ke OJK dan BEI
(Catatan 1b).
132
Laporan Tahunan 2023
Page 417
The original consolidated financial statements included herein 421
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
AKRIDA (lanjutan) AKRIDA (continued)
Pada tanggal yang sama, kedua pihak di atas juga On the same date, both parties also signed a Joint
menandatangani Perjanjian Usaha Patungan di Venture Agreement related to Aviation Fuels
bidang bahan bakar penerbangan di London. Maksud business in London. The purpose and objective of
dan tujuan dari Perjanjian ini adalah untuk entering into the Agreement is to support the
mendukung pengembangan industri penerbangan development of the growth of the Indonesian
dan memberikan kontribusi pada pertumbuhan economy by investing in infrastructure, applying
ekonomi Indonesia dengan berinvestasi di bidang the latest innovative technology and operational
infrastruktur, menerapkan teknologi inovatif terkini, best practices for the supply of aviation fuel. The
serta penerapan sistem operasional terbaik untuk Company has made the Disclosure of Information
pasokan bahan bakar penerbangan. Perusahaan in its Letter No. 111/L-AKR-CS/2016 dated
telah melakukan Keterbukaan Informasi melalui Surat November 16, 2016 to OJK and IDX (Note 1b).
No. 111/L-AKR-CS/2016 tanggal 16 November 2016
ke OJK dan BEI (Catatan 1b).
APR APR
a. APR, entitas anak AKRIDA, mempunyai a. APR, a subsidiary of AKRIDA, has a long-term
perjanjian sewa tanah jangka panjang sampai land lease agreement until 2038 in Jakarta and
dengan tahun 2038 di Jakarta dan Surabaya. Surabaya. The balance of unmortized land
Saldo hak pakai tanah yang belum diamortisasi lease rights of Rp133,610,173 as of
adalah Rp133.610.173 pada tanggal December 31, 2023 (2022: Rp126,741,602)
31 Desember 2023 (2022: Rp126.741.602) yang which is presented as part of “Right-of-use
disajikan sebagai bagian dari “Aset hak-guna” assets” (Note 11).
(Catatan 11).
b. Pada tanggal 20 Februari 2024, APR b. On February 20, 2024, APR signed 5th (Fifth)
menandatangani Perubahan Ke-5 (Kelima) Amendment and Restatement to the Credit
terhadap Perjanjian Kredit No. 064/CB/JKT/2018 Agreement No. 064/CB/JKT/2018 dated
tanggal 30 November 2018 dengan PT Bank November 30, 2018 with PT Bank CIMB Niaga
CIMB Niaga Tbk. (CIMB) untuk memperpanjang Tbk. (CIMB) to extend the credit facility
jangka waktu fasilitas kredit hingga 31 Oktober availability period up to October 31, 2024.
2024. CIMB setuju untuk menyediakan fasilitas CIMB agreed to provide credit facilities to APR
kredit kepada APR dalam rangka pembelian for purchase of products, hedging
produk, transaksi lindung nilai, dan keperluan transactions, and tender projects.
tender proyek.
Perjanjian fasilitas pinjaman memberikan fasilitas The facility agreements are providing the
sebagai berikut: following credit lines:
i) Fasilitas Credit Commercial Lines: Fasilitas i) Credit Commercial Lines Facility: Letter of
Letter of Credit (L/C) dan/atau Surat Kredit Credit (L/C) Facility and/or Surat Kredit
Berdokumen Dalam Negeri (SKBDN) Berdokumen Dalam Negeri (SKBDN)
sebesar US$13.000.000 (“Fasilitas CC amounting to US$13,000,000 (“CC Lines
Lines”) yang bersifat interchangeable atau Facility”) which is interchangeable with or
dapat dipergunakan secara bersama-sama can be used in conjunction with;
dengan;
ii) Fasilitas Bank Garansi dengan ketentuan ii) Bank Guarantee Facility with the provisions
jumlah total penggunaan Fasilitas CC Lines of total amount CC Lines Facility, no more
tidak diperkenankan lebih dari than US$13,000,000 (“BG/SBLC Facility”);
US$13.000.000 (“Fasilitas BG/SBLC”);
iii) Perjanjian Jual Beli Valuta Asing dengan iii) Foreign Exchange Agreement with Pre-
Pre-Settlement Limit secara keseluruhan Settlement Limit as a whole not exceeding
tidak melebihi ekuivalen US$5.000.000. the equivalent US$5,000,000.
Pada tanggal 31 Desember 2023, APR tidak As of December 31, 2023, APR has no
memiliki open Bank Garansi. outstanding of open Bank Guarantee.
133
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422 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
APR (lanjutan) APR (continued)
c. Pada tanggal 15 November 2023, APR c. On November 15, 2023, APR signed
menandatangani Perubahan atas Surat Fasilitas Amendment of Facility Letter No.
No. JKT/FF1/5859 yang merujuk kepada Surat JKT/FF1/5859 refer to the Facility Letter
Fasilitas (Tanpa Ikatan) No. JKT/FA1/5741 (Uncommitted) No. JKT/FA1/5741 dated
tanggal 6 Maret 2023 untuk memperpanjang March 6, 2023, to extend the credit facility
jangka waktu fasilitas kredit dari Standard availability period from Standard Chartered
Chatered Bank hingga 31 Oktober 2024. Bank up to October 31, 2024.
Jenis-jenis fasilitas sebagai berikut: Types of facilities are as follows:
i) L/C Impor - tidak dijamin i) Import L/C - unsecured
ii) L/C Impor - dijamin ii) Import L/C - secured
iii) Obligasi & Jaminan iii) Bond & Guarantees
Dengan limit sebesar US$25.000.000, untuk With limit facility amounting to US$25,000,000
ketiga fasilitas tersebut. Pada tanggal 31 for those facilities. As of December 31, 2023,
Desember 2023, APR memiliki open L/C APR has an open L/C of US$5,515,229.
sebesar US$ 5.515.229.
DPR DPR
Pada tanggal 23 Januari 2020, DPR menandatangani On January 23, 2020, DPR signed a loan
perjanjian pinjaman dengan Standard Chartered agreement with Standard Chartered Bank -
Bank - Cabang Indonesia (SCB), dimana SCB setuju Indonesia Branch (SCB), whereby SCB agreed to
untuk menyediakan (i) Fasilitas L/C Import unsecured provide (i) L/C Import unsecured facility
US$2.000.000; (ii) Fasilitas L/C Import secured US$2,000,000; (ii) L/C Import secured facility
US$2.000.000; (iii) Obligasi dan Bank Garansi US$2,000,000; (iii) Bonds and Guarantees
US$200.000, dengan total gabungan batas fasilitas US$200,000, with total combined facilities limit of
sejumlah US$2.000.000. US$2,000,000.
Fasilitas ini digunakan untuk penerbitan L/C impor These facilities are intended for issuance of L/C
barang dan untuk penerbitan jaminan (bid bond, covering the import of goods and issuance of
advance payment bond dan performance bond). guarantees (bid bond, advance payment bond and
Fasilitas ini tersedia sampai tanggal 30 November performance bond). The facilities are available until
2024. November 30, 2024.
AKI AKI
Pada bulan Desember 2023, AKI menandatangani In December 2023, AKI signed extension of loan
perjanjian perpanjangan pinjaman dengan PT Bank agreements with PT Bank Permata Tbk. (Permata),
Permata Tbk. (Permata), dimana Permata setuju whereby Permata agreed to provide two credit
untuk menyediakan dua fasilitas kredit kepada AKI. facilities to AKI. These facilities are intended for the
Fasilitas tersebut digunakan untuk pembelian produk purchase of chemical products and hedging
bahan kimia dan transaksi lindung nilai (hedging). transactions. The facilities are available for a period
Fasilitas ini tersedia untuk jangka waktu sampai date until October 7, 2024.
tanggal 7 Oktober 2024.
134
Laporan Tahunan 2023
Page 419
The original consolidated financial statements included herein 423
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
34. PERJANJIAN PENTING, IKATAN, DAN 34. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
AKI (lanjutan) AKI (continued)
Fasilitas yang tersedia adalah sebagai berikut: The facilities available are as follows:
i) Uncommitted Omnibus Revolving Loan sebesar i) Uncommitted Omnibus Revolving Loan at
US$5.000.000 meliputi Revolving Loan dan US$5,000,000 covering Revolving Loan and
L/C/SKBDN; L/C/SKBDN;
ii) Fasilitas hedging FX sebesar US$500.000 ii) Hedging FX facility at US$500,000 with Loan
dengan Loan Equivalent Risk (LER) Spot Equivalent Risk (LER) Spot transaction at
transaction maksimal US$25.000.000. maximum of US$25,000,000.
Pada tanggal 31 Desember 2023, AKI memiliki As of December 31, 2023, AKI has outstanding
kontrak forward dari fasilitas ini sebesar nilai nominal forward contracts from this facility with nominal
US$3.367.270,94 dan dengan nilai wajar sebesar value of as US$3,367,270.94 and with fair value of
Rp490.287 disajikan pada akun hutang lain-lain pada Rp490,287 is presented as other payable in the
laporan posisi keuangan konsolidasian. consolidated statement of financial position.
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
Dalam aktivitas usahanya sehari-hari, Kelompok In their daily business activities, the Group is
Usaha dihadapkan pada berbagai risiko. Risiko exposed to risks. The main risks facing by the
utama yang dihadapi Kelompok Usaha yang timbul Group arising from its financial instruments are
dari instrumen keuangan adalah risiko kredit, risiko credit risk, market risk (i.e. interest rate risk, foreign
pasar (yaitu tingkat suku bunga, risiko nilai tukar mata exchange rate risk and commodity price risk) and
uang asing dan risiko harga komoditas) dan risiko liquidity risk. The core function of the Group’s risk
likuiditas. Fungsi utama dari manajemen risiko management is to identify all key risks for the
Kelompok Usaha adalah untuk mengidentifikasi Group, measure these risks and manage the risk
seluruh risiko kunci, mengukur risiko-risiko ini dan positions in accordance with its policies and group
mengelola posisi risiko sesuai dengan kebijakan dan risk appetite. The Group regularly reviews its risk
risk appetite Kelompok Usaha. Kelompok Usaha management policies and systems to reflect
secara rutin menelaah kebijakan dan sistem changes in markets, products and best market
manajemen risiko untuk menyesuaikan dengan practice.
perubahan di pasar, produk dan praktik pasar terbaik.
a. Risiko Kredit a. Credit Risk
Risiko kredit adalah risiko kerugian keuangan Credit risk is the risk of suffering financial loss,
yang timbul jika pelanggan Kelompok Usaha should any of the Group’s customers fail to
gagal memenuhi kewajiban kontraktualnya fulfill their contractual obligations to the Group.
kepada Kelompok Usaha. Risiko kredit terutama Credit risk arises mainly from trade
berasal dari piutang usaha dari pelanggan yang receivables from customers generated from
timbul dari aktivitas perdagangan dan distribusi, the Group’s trading and distribution activities,
penjualan produk dan sejumlah jasa terpadu product sales and various integrated services
kepada pelanggan seperti jasa penyimpanan to customers such as storage and handling of
dan penanganan barang dan lainnya. goods etc.
Maksimum risiko kredit yang dihadapi oleh The maximum Group’s exposure of the credit
Kelompok Usaha kurang lebih sebesar nilai risk approximates its net carrying amounts of
tercatat neto dari piutang usaha sebagaimana trade receivables as shown in Note 5a.
ditunjukkan dalam Catatan 5a. Manajemen Management believes that there are no
berpendapat bahwa tidak terdapat risiko yang significant concentrations of credit risk in the
terkonsentrasi secara signifikan atas piutang trade receivables.
usaha.
135
www.akr.co.id
Page 420
424 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko Kredit (lanjutan) a. Credit Risk (continued)
Risiko kredit pelanggan dikelola oleh masing- Customer credit risk is managed by each
masing unit usaha sesuai dengan kebijakan, business unit subject to the Group’s
prosedur dan pengendalian dari Kelompok established policy, procedures and control
Usaha yang berhubungan dengan pengelolaan relating to customer risk management. Credit
risiko kredit pelanggan. Batasan kredit limits are established for all customers based
ditentukan untuk semua pelanggan berdasarkan on internal rating criteria. Outstanding
kriteria penilaian secara internal. Saldo piutang customer receivables are regularly monitored
pelanggan dimonitor secara teratur oleh unit-unit by relevant business units.
usaha terkait.
Sehubungan dengan risiko kredit yang timbul With respect to credit risk arising from the
dari aset keuangan lainnya yang terutama other financial assets, which mainly comprise
mencakup kas dan setara kas, risiko kredit yang of cash and cash equivalents, the Group’s
dihadapi timbul karena wanprestasi dari exposure to credit risk arises from default of
counterparty. Kelompok Usaha memiliki the counterparty. The Group has a policy to
kebijakan untuk tidak menempatkan investasi not place investments in instruments that have
pada instrumen yang memiliki risiko kredit tinggi a high credit risk and only puts the investments
dan hanya menempatkan investasinya pada in banks with high credit rating. The maximum
bank-bank dengan peringkat kredit yang tinggi. exposure equals to the carrying amounts as
Nilai maksimal eksposur setara dengan nilai disclosed in Note 4.
tercatat sebagaimana ditunjukkan pada
Catatan 4.
b. Risiko Pasar b. Market Risk
Risiko pasar adalah risiko dimana nilai wajar dari Market risk is the risk that the fair value of
arus kas masa depan dari suatu instrumen future cash flows of a financial instrument will
keuangan akan berfluktuasi karena perubahan fluctuate because of changes in market prices.
harga pasar. Kelompok Usaha dipengaruhi oleh The Group is exposed to market risks, in
risiko pasar, terutama risiko tingkat suku bunga, particular, interest rate risk, foreign currency
risiko nilai tukar mata uang asing dan risiko harga exchange risk and commodity price risk.
komoditas.
Risiko tingkat suku bunga Interest market risk
Risiko tingkat suku bunga adalah risiko dimana Interest rate risk is the risk that the fair value
nilai wajar atau arus kas masa depan dari suatu or future cash flows of a financial instrument
instrumen keuangan berfluktuasi karena will fluctuate because of changes in market
perubahan suku bunga pasar. Pengaruh dari interest rates. The Group’s exposure to the
risiko perubahan suku bunga pasar risk of changes in market interest rates relates
berhubungan dengan pinjaman jangka pendek primarily to the Group’s short-term and long-
dan panjang dari Kelompok Usaha yang term debt obligations with floating interest
dikenakan suku bunga mengambang. rates.
Kelompok Usaha memonitor secara ketat The Group closely monitors the market
fluktuasi suku bunga pasar dan ekspektasi pasar interest rate fluctuation and market
sehingga dapat mengambil langkah-langkah expectation, so it can take necessary actions
yang paling menguntungkan Kelompok Usaha benefited most to the Group in due time. The
secara tepat waktu. Manajemen tidak management currently does not consider the
menganggap perlunya melakukan swap suku necessity to enter into any interest rate swaps.
bunga pada saat ini.
136
Laporan Tahunan 2023
Page 421
The original consolidated financial statements included herein 425
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko tingkat suku bunga (lanjutan) Interest market risk (continued)
Tabel berikut menunjukkan sensitivitas atas The following table demonstrates the
perubahan yang wajar dari tingkat suku bunga sensitivity to a reasonably change in interest
atas saldo pinjaman yang dikenakan suku bunga rates on the floating interest loans at
mengambang pada tanggal 31 Desember 2023, December 31, 2023, with all other variables
dimana semua variabel lainnya dianggap held constant, to the consolidated profit before
konstan, terhadap laba sebelum pajak income tax for the year ended December 31,
penghasilan konsolidasian untuk tahun yang 2023:
berakhir pada tanggal 31 Desember 2023:
Kenaikan
(penurunan) Efek terhadap
dalam persentase/ laba sebelum
Increase pajak/
(decrease) Effect on income
in percentage before tax
Mata uang pinjaman Loan currency
Dolar AS 0,5% (749.293) US Dollar
(0,5%) 749.293
Rupiah 0,5% (20.308.435) Rupiah
(0,5%) 20.308.435
Risiko nilai tukar mata uang asing Foreign exchange risk
Risiko mata uang asing adalah risiko dimana nilai Foreign currency risk is the risk that the fair
wajar atau arus kas masa mendatang dari suatu value or future cash flows of a financial
instrumen keuangan karena perubahan dari nilai instrument will fluctuate because of changes in
tukar mata uang asing. Pengaruh dari risiko foreign exchange rates. The Group’s exposure
perubahan nilai tukar mata uang asing terutama to the risk of changes in foreign exchange
berasal dari aktivitas usaha Kelompok Usaha rates relates primarily to the Group’s operating
(ketika pendapatan dan beban terjadi dalam activities (when revenue or expense are
dalam uang yang berbeda dari mata uang denominated in a different currency from the
fungsional Kelompok Usaha), dan pinjaman Group’s functional currency), and US Dollar
dalam mata uang Dolar AS. denominated loans.
Eksposur fluktuasi nilai tukar atas Perusahaan Exposure to exchange rate fluctuations to the
dan entitas anak tertentu di Indonesia berasal Company and certain subsidiaries in
dari nilai tukar antara Dolar AS dan Rupiah Indonesia comes from the exchange rate
karena mata uang fungsional adalah Rupiah, between US Dollar and Rupiah as the
sedangkan penjualan dan pendapatan tertentu, functional currency is Rupiah, while certain
beban pokok penjualan dan pendapatan tertentu sales and revenues, costs of sales and
serta pinjaman tertentu dilakukan dalam Dolar revenues and loans are denominated in US
AS. Bagian signifikan dari risiko nilai tukar mata Dollar. The significant portion of the foreign
uang asing berasal dari kas dan setara kas, exchange risk is contributed by cash and cash
piutang, hutang, biaya yang masih harus equivalents, account receivables, account
dibayar, dan pinjaman tertentu. payables, accrued expenses, and certain
loans.
137
www.akr.co.id
Page 422
426 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko nilai tukar mata uang asing (lanjutan) Foreign exchange risk (continued)
Untuk mengantisipasi dan mengurangi risiko In order to anticipate and mitigate the risk of
fluktuasi kurs terhadap Dolar AS, Perusahaan exchange rate fluctuations against the US
mengusahakan, dimana memungkinkan, untuk Dollar, the Company seeks, where possible, to
memastikan bahwa sebagian besar pembelian ensure that significant portions of purchases
dan penjualan dilakukan dalam mata uang yang and sales are carried out in the same currency
sama serta dilakukan pada saat yang hampir as well as matching the timing of transactions
bersamaan dan mengimplementasikan and to implement a policy whereby debts in
kebijakan dimana hutang dalam mata uang asing foreign currency used to finance business
yang digunakan untuk membiayai kegiatan activities are made in the same currency
usaha dilakukan dalam mata uang yang sama (natural hedging). The management monitors
(lindung nilai alami). Manajemen juga memantau to make sure that such policies are
untuk memastikan bahwa kebijakan tersebut implemented to the maximum extent possible.
diimplementasikan semaksimum mungkin, The Company also enters, as appropriate, into
dimana memungkinkan. Perusahaan juga forward transactions with banks to buy US
melakukan transaksi pembelian forward untuk Dollar in relation with the purchases of
membeli Dolar AS dari bank sehubungan petroleum products made in US Dollar to
dengan pembelian produk BBM yang dilakukan create a hedging over the risk of currency
dalam mata uang Dolar AS dengan tujuan untuk exchange.
menciptakan lindung nilai terhadap risiko nilai
tukar tersebut.
Kelompok Usaha memonitor secara ketat The Group closely monitors the foreign
fluktuasi dari nilai tukar mata uang asing, exchange rate fluctuation and market
sehingga dapat mengambil langkah-langkah expectation so it can take necessary actions
yang paling menguntungkan Kelompok Usaha benefited most to the Group in due time,
pada waktu yang tepat, antara lain, dengan among others, by buying forward with the
membeli transaksi forward dengan tujuan untuk purpose of hedging the exchange risk from its
lindung nilai dari risiko nilai tukar pembelian US Dollar purchases of petroleum products as
produk BBM dalam mata uang Dolar AS seperti mentioned above.
yang dijelaskan di atas.
Tabel berikut menunjukkan sensitivitas atas The following table demonstrates the
perubahan yang wajar dari nilai tukar Rupiah sensitivity to a reasonably change in Rupiah
terhadap Dolar AS, dimana semua variabel lain exchange rate against US Dollar, with all other
konstan dan mengasumsikan tidak ada variables held constant and assuming no
pembelian tambahan kontrak forward, atas aset additional forward contracts were purchased,
dan liabilitas moneter dalam Dolar AS terhadap on the US Dollar denominated monetary asset
laba sebelum pajak penghasilan konsolidasian and liabilities, to the consolidated profits
untuk tahun yang berakhir pada tanggal 31 before income tax for the year ended
Desember 2023: December 31, 2023:
Kenaikan
(penurunan) Efek terhadap
dalam persentase/ laba sebelum
Increase pajak/
(decrease) Effect on income
in percentage before tax
Dolar AS - Rupiah 1% (15.471.300) US Dollar - Rupiah
(1%) 15.471.300
138
Laporan Tahunan 2023
Page 423
The original consolidated financial statements included herein 427
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko nilai tukar mata uang asing (lanjutan) Foreign exchange risk (continued)
Aset dan liabilitas moneter yang signifikan dari The Group’s significant monetary assets and
Kelompok Usaha dalam mata uang asing pada liabilities denominated in foreign currencies at
tanggal-tanggal pelaporan disajikan pada reporting dates are presented in Note 30.
Catatan 30.
Risiko harga komoditas Commodity price risk
Kelompok Usaha, secara khusus Perusahaan, The Group, in particular the Company, is
dipengaruhi oleh labilnya harga beberapa affected by the volatility of certain commodity
komoditas di pasar dari waktu ke waktu, prices in the market from time to time,
terutama dari komoditas harga minyak (BBM). specifically from petroleum products (BBM).
Penjualan BBM menyumbangkan lebih dari 50% The sales of BBM contributed over 50% for
pada kedua periode yang disajikan dari both periods presented from total consolidated
penjualan dan pendapatan konsolidasian. sales and revenues. The management
Manajemen memonitor pergerakan (tren) dan monitors the market trend and analysis of BBM
analisa pasar atas harga BBM secara ketat dan price strictly and continuously to minimize
terus menerus untuk meminimalisasi efek significant and negative impact to its financial
signifikan dan negatif terhadap kinerja performance. Management also reduces the
keuangannya. Manajemen juga mengurangi risk by maintaining a proper inventory level to
risiko ini dengan memelihara tingkat persediaan get the optimum effect from natural hedging.
secara tepat untuk mengambil efek terbaik dari
lindung nilai alami.
c. Risiko Likuiditas c. Liquidity Risk
Risiko likuiditas adalah risiko dimana Kelompok Liquidity risk is the risk that the Group is
Usaha tidak bisa memenuhi kewajiban pada saat unable to meet its obligations when they fall
jatuh tempo. Manajemen melakukan evaluasi due. The management evaluates and
dan pengawasan yang ketat atas arus kas monitors cash-in flows and cash-out flows to
masuk (cash-in) dan kas keluar (cash-out) untuk ensure the availability of fund to settle the due
memastikan tersedianya dana untuk memenuhi obligation. In general, fund needed to settle
kebutuhan pembayaran kewajiban yang jatuh the current and long-term liabilities is obtained
tempo. Secara umum, kebutuhan dana untuk from sales activities to customers.
pelunasan kewajiban jangka pendek maupun
jangka panjang yang jatuh tempo diperoleh dari
penjualan kepada pelanggan.
139
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Page 424
428 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko Likuiditas (lanjutan) c. Liquidity Risk (continued)
Tabel di bawah merupakan profil jatuh tempo The table below summarizes the maturity
liabilitas keuangan Kelompok Usaha pada profile of the Group’s financial liabilities at
jumlah kontraktual yang belum didiskonto pada undiscounted contractual amount as of
tanggal 31 Desember 2023 dan 2022: December 31, 2023 and 2022:
2023
Lebih dari 1
tahun sampai
dengan 2 tahun/ Lebih dari
Di bawah 1 tahun/ Over 1 year 3 tahun/ Total/
Below 1 year up to 2 years Over 3 years Total
Liabilitas Keuangan Financial Liabilities
Trade payables -
Hutang usaha - pihak ketiga 9.519.185.995 - - 9.519.185.995 third parties
Hutang bank jangka pendek 5.024.792 - - 5.024.792 Short-term bank loans
Other payables -
Hutang lain-lain - pihak ketiga 349.640.045 - - 349.640.045 third parties
Biaya masih harus dibayar 571.823.594 - - 571.823.594 Accrued expenses
Liabilitas imbalan kerja jangka Short-term employee
pendek 187.750.044 - - 187.750.044 benefits liability
Liabilitas sewa 50.970.667 38.999.148 453.875.080 543.844.895 Lease liabilities
Hutang bank jangka panjang Long-term bank loans
dan lainnya 1.361.166.115 1.887.097.029 1.918.953.375 5.167.216.519 and others
Hutang obligasi 39.074.191 - - 39.074.191 Bonds payables
Hutang dividen lainnya 55.536.914 - - 55.536.914 Dividend payables
Total Financial
Total Liabilitas Keuangan 12.140.172.357 1.926.096.177 2.372.828.455 16.439.096.989 Liabilities
2022
Lebih dari 1
tahun sampai
dengan 2 tahun/ Lebih dari
Di bawah 1 tahun/ Over 1 year 3 tahun/ Total/
Below 1 year up to 2 years Over 3 years Total
Liabilitas Keuangan Financial Liabilities
Hutang bank jangka pendek 1.682.644 - - 1.682.644 Short-term bank loans
Trade payables -
Hutang usaha - pihak ketiga 9.239.323.818 - - 9.239.323.818 third parties
Other payables -
Hutang lain-lain - pihak ketiga 72.571.876 - - 72.571.876 third parties
Biaya masih harus dibayar 623.931.872 - - 623.931.872 Accrued expenses
Liabilitas imbalan kerja jangka Short-term employee
pendek 195.016.227 - - 195.016.227 benefits liability
Liabilitas sewa 34.545.179 50.252.538 378.772.940 463.570.657 Lease liabilities
Hutang bank jangka panjang Long-term bank loans
dan lainnya 710.803.149 1.900.106.553 388.470.415 2.999.380.117 and others
Hutang obligasi 3.263.575 39.074.191 - 42.337.766 Bonds payables
Hutang dividen lainnya 986.227 54.107.938 - 55.094.165 Dividend payables
Total Financial
Total Liabilitas Keuangan 10.882.124.567 2.043.541.220 767.243.355 13.692.909.142 Liabilities
140
Laporan Tahunan 2023
Page 425
The original consolidated financial statements included herein 429
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko Likuiditas (lanjutan) c. Liquidity Risk (continued)
Perubahan pada Liabilitas yang Timbul dari Changes in Liabilities Arising from
Aktivitas Pendanaan Financing Activities
2023
Efek
Selisih Kurs/
1 Januari/ Arus Kas Neto/ Exchange Lain-lain/ 31 Desember/
January 1 Net Cash Flow Rate Effect Others December 31
Hutang bank jangka
pendek 1.573.705 3.426.900 (605) - 5.000.000 Short-term bank loans
Bagian lancar atas
hutang bank
jangka panjang Current maturities
dan lainnya 554.639.521 (870.240.766) (2.627.335) 1.407.496.360 1.089.267.780 on long-term bank loans and others
Hutang bank
jangka panjang
dan lainnya 2.101.263.279 2.438.212.337 (3.652.343) (1.418.545.426) 3.117.277.847 Long-term bank loans and others
Bagian lancar Current maturities on
atas hutang obligasi - - - 36.833.937 36.833.937 bonds payables
Hutang obligasi 36.751.679 - - (36.751.679) - Bonds payables
Liabilitas sewa 322.335.069 (59.676.224) (1.392.561) 119.120.293 380.386.577 Lease liabilities
Hutang dividen 55.094.165 - - 442.749 55.536.914 Dividend payable
Total liabilitas
dari aktivitas Total liabilities from
pendanaan 3.071.657.418 1.511.722.247 (7.672.844) 108.596.234 4.684.303.055 financing activities
2022
Efek
Selisih Kurs/
1 Januari/ Arus Kas Neto/ Exchange Lain-lain/ 31 Desember/
January 1 Net Cash Flow Rate Effect Others December 31
Hutang bank jangka
pendek dan lainnya 121.701.754 (9.128.049) - (111.000.000) 1.573.705 Short-term bank loans and other
Bagian lancar atas
hutang bank Current maturities
jangka panjang dan lainnya 383.787.323 (440.265.605) 5.075.499 606.042.304 554.639.521 on long-term bank loans and others
Hutang bank jangka panjang
dan lainnya 2.164.802.579 409.118.674 22.384.330 (495.042.304) 2.101.263.279 Long-term bank loans and others
Bagian lancar Current maturities on
atas hutang obligasi 67.870.584 (68.000.000) - 129.416 - bonds payables
Hutang obligasi 36.676.629 - - 75.050 36.751.679 Bonds payables
Liabilitas sewa 282.686.922 (44.809.269) 2.323.828 82.133.588 322.335.069 Lease liabilities
Hutang dividen 54.944.750 - - 149.415 55.094.165 Dividend payable
Total liabilitas
dari aktivitas Total liabilities from
pendanaan 3.112.470.541 (153.084.249) 29.783.657 82.487.469 3.071.657.418 financing activities
Kolom ‘Lain-lain’ mencakup efek reklasifikasi ke The ‘Others’ column includes the effect of
bagian lancar atas hutang bank jangka panjang, reclassification to current maturities on long-
hutang obligasi, penambahan sewa dan term bank loans and bonds payables, lease
penyesuaian karena berlalunya waktu. addition and adjustments due to the passage
Kelompok Usaha mengklasifikasikan bunga of time. The Group classifies interest paid as
yang dibayarkan sebagai arus kas dari aktivitas cash flows from operating activities.
operasi.
141
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Page 426
430 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 35. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
PENGELOLAAN MODAL CAPITAL MANAGEMENT
Tujuan utama pengelolaan modal Kelompok Usaha The primary objective of AKR Group’s capital
AKR adalah untuk memastikan pemeliharaan rasio management is to ensure that it maintains certain
modal tertentu yang sehat untuk mendukung usaha healthy capital ratios in order to support its
dan memaksimalkan imbalan bagi pemegang saham. business and maximize shareholder value. On a
Secara kelompok maupun pada tingkat entitas induk group basis, as well as at parent level, the
saja, manajemen menetapkan batas-batas, yang management sets up the measurement limits, on
tergantung kepada sifat proyek, untuk pengukuran the key capital related ratios, among others, Return
rasio-rasio utama sehubungan dengan modal, antara of Equity (ROE) and Debt to Equity Ratio (DER),
lain, yaitu Rasio Pengembalian atas Ekuitas (ROE) depending on the nature of the project. The
dan Rasio Hutang terhadap Ekuitas (DER), management manages the capital structure and
tergantung pada sifat dari proyek. Manajemen makes adjustments to it in line of changes in
mengelola struktur permodalan dan melakukan economic conditions. To maintain or adjust the
penyesuaian, berdasarkan perubahan kondisi capital structure, AKR Group may choose several
ekonomi. Untuk memelihara dan menyesuaikan options, among others, adjustment to dividend
struktur permodalan, Kelompok Usaha AKR dapat payment or issue new shares.
memilih sejumlah opsi seperti, antara lain,
menyesuaikan pembayaran dividen atau
menerbitkan saham baru.
Pada tingkat entitas induk, Perusahaan juga memiliki At the parent entity level, the Company also has
sejumlah persyaratan rasio keuangan yang diminta certain financial ratio covenants imposed by the
para kreditur sehubungan dengan fasilitas kredit yang lenders from the available credit facilities provided
diberikan kepada Perusahaan. Sejumlah Entitas to the Company. Certain Subsidiaries are also
Anak juga dimintakan hal yang sama oleh para required the same requirements by their lenders. In
krediturnya. Di luar ROE dan DER, rasio terkait modal addition to the above ROE and DER, the ratio
yang juga disyaratkan para kreditur adalah rasio which is also imposed by the lenders related to
Investasi terhadap Ekuitas (IER) pada tingkat capital is the Investment to Equity Ratio (IER) at the
Perusahaan. Selain itu, Perusahaan juga Company’s level. In addition, the Company is also
dipersyaratkan oleh Undang-undang Perusahaan required by the Corporate Law Year 2007 to
Tahun 2007 untuk mengkontribusikan sampai contribute to and maintain a non-distributable
dengan 20% dari modal saham diterbitkan dan reserve fund until the said reserve reaches 20% of
dibayar penuh ke dalam dana cadangan yang tidak the issued and fully paid share capital.
boleh didistribusikan. Perusahaan telah melakukan The Company has set aside a reserve on a yearly
pencadangan secara tahunan dalam Rapat Umum basis through the Annual General Shareholders’
Tahunan Para Pemegang Saham ke akun Saldo Meeting to the Appropriated Retained Earnings
Laba yang Ditentukan Penggunaannya. account.
Pada tanggal-tanggal pelaporan, manajemen dapat At reporting dates, the management is able to
mempertahankan rasio aktual di atas batasan yang maintain the actual ratios above the limits set as
yang dijelaskan dalam Catatan 17, 18 dan 19. mentioned in Notes 17, 18 and 19.
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The original consolidated financial statements included herein 431
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
36. AKTIVITAS NON-KAS 36. NON-CASH ACTIVITIES
Aktivitas non-kas yang mendukung laporan arus kas Non-cash activities supporting the consolidated
konsolidasian pada setiap tanggal pelaporan adalah statements of cash flows at each reporting date is
sebagai berikut: as follows:
31 Des. 2023/ 31 Des. 2022/
Dec. 31, 2023 Dec. 31, 2022
Acquisitions of property, plant
Penambahan aset tetap melalui and equipment through
penambahan hutang 323.909.397 26.227.805 incurrence of liabilities
Penerimaan dividen Dividend from
dari entitas asosiasi an associate through
melalui piutang 4.403.386 - receivable
Reklasifikasi dari hutang jangka Reclassification from short-term
pendek lainnya ke hutang loan-other to long-term loan-
jangka panjang lainnya - 111.000.000 other
37. PERISTIWA SETELAH PERIODE PELAPORAN 37. EVENTS AFTER THE REPORTING PERIOD
a. Berdasarkan Akta Notaris Yulia, S.H., No. 8 a. Based on the Notarial Deed of Yulia, S.H.,
tanggal 5 Januari 2024, AKR dan UEPN No. 8 dated January 5, 2024, AKR and UEPN
mendirikan satu entitas baru, PT Berkah established a new entity, PT Berkah
Renewable Energi Nusantara (BREN). AKR Renewable Energi Nusantara (BREN).
memiliki 99,99% kepemilikan di BREN dan AKRIDA holds a 99.99% ownership in BREN
sisanya dimiliki oleh UEPN, dengan jumlah and the remaining is held by UEPN, with a total
modal disetor sebesar Rp30.000.000. BREN subscribed capital amount of Rp30,000,000.
akan bergerak dalam bidang pembangkitan, BREN will engage in electrical power
pengoperasian, konstruksi dan instalasi tenaga generation, operation, construction and
listrik. Perusahaan telah melakukan installation activities. The Company has made
Keterbukaan Informasi melalui Surat the Disclosure of Information in its Letter
No. 004/L-AKR-CS/2024 tanggal 9 Januari No. 004/L-AKR-CS/2024 dated January 9,
2024 ke Otoritas Jasa Keuangan (OJK) dan 2024 to Financial Services Authority (OJK) and
Bursa Efek Indonesia (BEI). Indonesia Stock Exchange (IDX).
b. Berdasarkan Akta Notaris Yulia, S.H., No. 13 b. Based on the Notarial Deed of Yulia, S.H.,
tanggal 8 Januari 2024, AKRIDA meningkatkan No. 13 dated January 8, 2024, AKRIDA
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp821.165.000 menjadi Rp949.165.000 dimana Rp821,165,000 to Rp949,165,000 whereby the
Perusahaan mengambil keseluruhan kenaikan Company subscribed the entire capital
saham tersebut sebesar Rp128.000.000. increase of Rp128,000,000. The Company has
Perusahaan telah melakukan Keterbukaan made the Disclosure of Information in its Letter
Informasi melalui Surat No. 005/L-AKR-CS/2024 No. 005/L-AKR-CS/2024 dated January 10,
tanggal 10 Januari 2024 ke OJK dan BEI. 2024 to OJK and IDX.
c. Berdasarkan Akta Notaris Yulia, S.H., No. 63 c. Based on the Notarial Deed of Yulia, S.H., No.
tanggal 23 Februari 2024, AST meningkatkan 63 dated February 23, 2024, AST increased its
modal dasar dari Rp300.000.000 menjadi authorized capital from Rp300,000,000 to
Rp500.000.000 dan meningkatkan modal Rp500,000,000 and increased its issued and
ditempatkan dan disetor dari Rp274.900.000 paid-up capital from Rp274,900,000 to
menjadi Rp404.900.000 dimana Perusahaan Rp404,900,000 whereby the Company
mengambil keseluruhan kenaikan saham subscribed the entire capital increase of
tersebut sebesar Rp130.000.000. Perusahaan Rp130,000,000. The Company has made
telah melakukan Keterbukaan Informasi the Disclosure of Information in its Letter
melalui Surat No. 017/L-AKR-CS/2024 tanggal No. 017/L-AKR-CS/2024 dated February 27,
27 Februari 2024 ke OJK dan BEI. 2024 to OJK and IDX.
143
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432 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN (lanjutan) FINANCIAL STATEMENTS (continued)
Tanggal 31 Desember 2023 dan untuk As of December 31, 2023 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
37. PERISTIWA SETELAH PERIODE PELAPORAN 37. EVENTS AFTER THE REPORTING PERIOD
(lanjutan) (continued)
d. PT Pemeringkat Efek Indonesia (PEFINDO) d. PT Pemeringkat Efek Indonesia (PEFINDO)
mempertahankan peringkat Perusahaan dan retains the rating for the Company and its
obligasi berkelanjutan I AKR Corporindo tahun Sustainable Bonds I of AKR Corporindo Year
2017 tahap I Seri C, di idAA (double A) dengan 2017 Shelf Registration for C Series, at idAA
Outlook Stabil dalam Sertifikat Pemeringkatan (double A) with Stable Outlook in its Rating
kepada Perusahaan pada tanggal 13 Maret Certificate to the Company dated March 13, 2024.
2024. Hasil pemeringkatan berlaku dari 8 Maret The rating is valid from March 8, 2024 to March 1,
2024 sampai dengan 1 Maret 2025. Perusahaan 2025. The Company has made the Disclosure of
telah membuat Keterbukaan Informasi melalui Information in its Letter No. 023/L-AKR-CS/2024
Surat No. 023/L-AKR-CS/2024 pada tanggal dated March 15, 2024 to OJK and IDX.
15 Maret 2024 ke OJK dan BEI.
144
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433 www.akr.co.id
Page 430
434
Cross-Reference No. 16/SEOJK.04/2021: Format and Completing
the Annual Report of Issuers or Public Companies
Description Page
I. General Terms
II. Report Format
1. The Annual Report is presented in the form of printed and electronic documents. v
2. The Annual Report is presented in the form of a printed document, printed on light colored
v
paper, of good quality, A4 size, bound, and can be reproduced with good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/
or diagrams by including clear titles and/ or descriptions, so that they are easy to read and v
understand.
4. The Annual Report presented in the form of an electronic document is the Annual Report
v
converted into a portable document format (PDF).
III. Annual Report Contents
1. The Annual Report shall at least contain:
a. overview of important financial data; 20-24
b. stock information (if any); 24-26
c. report of the Board of Directors; 40-45
d. report of the Board of Commissioners; 34-37
e. profile of the Issuer or Public Company; 52-101
f. management analysis and discussion; 104-140
g. governance of Issuers or Public Companies; 156-272
h. social and environmental responsibility of the Issuer or Public Company; SR
i. audited annual financial report; and 276
j. statement letter of members of the Board of Directors and members of the Board of
48-49
Commissioners regarding their responsibility for the Annual Report.
2. Description of Annual Report Contents
a. Summary of Important Financial Data Summary of important financial data containing
financial information that is presented in the form of a comparison for 3 (three) fiscal years
20-24
or since starting its business if the Issuer or Public Company has carried out its business
activities for less than 3 (three) years, at least containing:
i. income/sales; 21
ii. gross profit; 21
iii. profit (loss); 21
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Keuangan dan Manajemen Perusahaan Pembahasan Penunjang Bisnis Perusahaan 435
Operasional Manajemen
Description Page
iv. the amount of profit (loss) attributable to owners of the parent entity and non-controlling
21
interests;
v. total comprehensive profit (loss); 21
vi. total comprehensive profit (loss) attributable to owners of the parent entity and non-
21
controlling interests;
vii. earning (loss) per share; 21
viii. total assets; 20
ix. total liabilities; 20
x. total equity; 20
xi. ratio of profit (loss) to total assets; 22
xii. ratio of profit (loss) to equity; 22
xiii. ratio of profit (loss) to revenue/sales; 22
xiv. current ratio; 22
xv. ratio of liabilities to equity; 22
xvi. ratio of liabilities to total assets; and 22
xvii. other information and financial ratios relevant to the Issuer or Public Company and the
22
type of industry
b. Stock Information
24-26
Stock information for a Public Company shall at least contain:
i. shares that have been issued for each quarterly period presented in the form of a comparison
24
for the last 2 (two) fiscal years, at least containing:
• number of shares outstanding 24
• market capitalization based on the price on the stock exchange where the shares are
24
listed;
• the highest, lowest, and closing share prices based on prices on the stock exchange
24
where the shares are listed; and
• trading volume on the stock exchange where the shares are listed. 24
Information in letter b), letter c) and letter d) is only disclosed if the shares are listed on a
stock exchange;
ii. in the event of a corporate actions that causes changes in shares, such as stock splits, reverse
stock, stock dividends, bonus shares, changes in the nominal value of shares, issuance of
20
conversion securities, as well as capital additions and deductions, stock information as
referred to in number 1) shall be added with at least an explanation regarding:
• the date of implementation of the corporate action;
• 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;
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436
Description Page
• the number of outstanding shares before and after the corporate action;
• the number of convertible securities exercised (if any); and
• the share price before and after the corporate action;
in the event of a temporary suspension of share trading (suspension) and/or delisting of
shares in the fiscal year, the reasons for the suspension and/or delisting of shares shall be 25
explained; and
in the event that the temporary suspension of share trading as referred to in number 3)
and/or the delisting process is still ongoing until the end of the Annual Report period, it
25
explains the actions taken to resolve the temporary suspension of share trading and/or
cancellation of the share listing (delisting).
c. Board of Directors' Report 40-45
i. The Board of Directors' report shall at least contain a brief description of:
• performance of the Issuer or Public Company, at least containing: 41-42
• strategy and strategic policies of the Issuer or Public Company; 41
• role of the Board of Directors in formulating strategies and strategic policies of Issuers or
42
Public Companies;
• process carried out by the Board of Directors to ensure the implementation of the Issuer's
42
or Public Company's strategy;
• comparison between the results achieved and those targeted by the Issuer or Public
42
Company; and
• obstacles faced by Issuers or Public Companies; 41
ii. description of the business prospects of the Issuer or Public Company; and 44
iii. implementation of the governance of Issuers or Public Companies. 42
d. Board of Commissioners’ Report 35-37
The Board of Commissioners' report shall at least contain a brief description of:
i. evaluation of the performance of the Board of Directors regarding the management of
Issuers or Public Companies, including the supervision of the Board of Commissioners in
35
the formulation and implementation of strategies for Issuers or Public Companies carried
out by the Board of Directors;
ii. views on the business prospects of the Issuer or Public Company prepared by the
37
Board of Directors; and
iii. views on the implementation of governance of the Issuer or Public Company 36
e. Issuer or Public Company Profile 52-101
The profile of the Issuer or Public Company contains at least the following information: 52
i. name of the Issuer or Public Company, including if there is a change in name, the reason for
52
the change, and the effective date of the name change in the fiscal year;
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Keuangan dan Manajemen Perusahaan Pembahasan Penunjang Bisnis Perusahaan 437
Operasional Manajemen
Description Page
ii. access to Issuers or Public Companies including branch offices or representative offices
52
that enable the public to obtain information about Issuers or Public Companies, including:
• address; 52
• telephone number; 52
• e-mail address; and 52
• website address; 52
iii. brief history of the Issuer or Public Company; 53-55
iv. vision and mission of the Issuer or Public Company as well as the corporate culture or
6-7
corporate values;
v. business activities according to the latest articles of association, business activities carried
60-66
out in the fiscal year, as well as types of goods and/or services produced;
vi. operational area of the Issuer or Public Company; operational area is the area or area for the
100-101
implementation of operational activities or the range of the company's operational activities.
vii. organizational structure of the Issuer or Public Company in the form of a chart, at least up to
the structure of 1 (one) level below the Board of Directors including committees under the
68
Board of Directors (if any) and committees under the Board of Commissioners, accompanied
by names and positions;
viii. list of industry association memberships both on a national and international scale related
67
to the implementation of sustainable finance;
ix. Directors’ profile, at least containing: 73-79
• name and position in accordance with the duties and responsibilities;
• recent photograph;
• age;
• nationality;
• education history and/or certification;
• position history, including information on:
▶ the legal basis for appointment as a member of the Board of Directors of the Issuer or
Public Company concerned;
▶ concurrent positions, either as a member of the Board of Directors, member of the
Board of Commissioners, and/or committee member as well as other positions both
inside and outside the Issuer or Public Company. In the event that a member of the
Board of Directors does not have concurrent positions, then this is disclosed; and
▶ work experience and period of time both inside and outside the Issuer or Public
Company
• affiliation with other members of the Board of Directors, members of the Board of
Commissioners, majority and controlling shareholders, either directly or indirectly to
individual owners, including names of affiliated parties. In the event that a member of
the Board of Directors has no affiliation, the Issuer or Public Company shall disclose this
matter; and
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438
Description Page
• changes in the composition of the members of the Board of Directors and the reasons for
the changes. In the event that there is no change in the composition of the members of
the Board of Directors, this matter shall be disclosed;
x. profile of the Board of Commissioners, at least containing: 69-72
• name and position;
• recent photograph;
• age;
• nationality;
• education history and/or certification;
• position history, including information on:
▶ legal basis for appointment as member of the Board of Commissioners;
▶ egal 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;
▶ concurrent positions, either as a member of the Board of Commissioners, member
of the Board of Directors, and/or committee member as well as other positions both
inside and outside the Issuer or Public Company. In the event that a member of the
Board of Commissioners does not have concurrent positions, then this is disclosed;
and
▶ work experience and period of time both inside and outside the Issuer or Public
Company
• affiliation with other members of the Board of Commissioners, major shareholders, and
controllers either directly or indirectly to individual owners, including names of affiliated
parties; In the event that a member of the Board of Commissioners has no affiliation, the
Issuer or Public Company shall disclose this matter;
• statement of independence of the independent commissioner in the event that the
independent commissioner has served more than 2 (two) terms; and
• changes in the composition of the members of the Board of Commissioners and the
reasons for the changes. In the event that there is no change in the composition of the
members of the Board of Commissioners, this matter shall be disclosed;
xi. in the event that there is a change in the composition of the members of the Board of
Directors and/or members of the Board of Commissioners that occurs after the fiscal year
ends up to the deadline for submitting the Annual Report, the composition included in 69
the Annual Report is the last and previous composition of the members of the Board of
Directors and/or members of the Board of Commissioners;
xii. 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 147-149
tabular form.
xiii. names of shareholders and percentage of ownership at the beginning and end of the
84-88
fiscal year, which consists of information regarding:
• shareholders who own 5% (five percent) or more shares of the Issuer or Public Company; 84
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Operasional Manajemen
Description Page
• members of the Board of Directors and members of the Board of Commissioners who
own shares of the Issuer or Public Company. In the event that all members of the Board
88
of Directors and/or all members of the Board of Commissioners do not own shares, then
this matter is disclosed; and
• community shareholder group, namely the group of shareholders who each own less
86
than 5% (five percent) of the shares of the Issuer or Public Company
The above information can be presented in tabular form.
xiv. the percentage of indirect ownership of the shares 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 88
the shareholder register for the benefit of indirect ownership of members of the Board of
Directors and members of the Board of Commissioners;
In the event that all members of the Board of Directors and/or all members of the Board
of Commissioners do not have indirect ownership of the shares of the Issuer or Public
Company, this matter shall be disclosed.
xv. number of shareholders and percentage of ownership at the end of the fiscal year based on
87
classification:
• ownership in local institutions;
• ownership in foreign institutions;
• local individual ownership; and
• foreign individual ownership;
xvi. information regarding the majority and controlling shareholders of the Issuer or Public
Company, either directly or indirectly, up to the individual owner, which is presented in the 88
form of a schematic or chart
xvii. the name of the subsidiary, associate, joint venture company where the Issuer or Public
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 92
company, joint venture company; For a subsidiary, information about the address of the
subsidiary is added.
xviii. chronology of share listing, number of shares, nominal value, and offering price from the
beginning of listing to the end of the fiscal year as well as the name of the stock exchange
where the shares of the Issuer or Public Company are listed, including stock splits, reverse
90
stock, dividends shares, bonus shares, and changes in the nominal value of shares,
implementation of conversion effects, implementation of capital additions and subtractions
(if any);
xix. 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, 91
year of issue, interest rate/yield, maturity date, offering value, and securities rating (if any);
xx. information on the use of a public accountant (AP) and a public accounting firm (KAP)
95
services and their networks/ associations/alliances include:
• name and address;
• assignment period;
• information on audit and/or non-audit services provided;
• audit and/or non-audit fees for each assignment given during the fiscal year; and
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• in the event that AP and KAP and their network/association/alliance, which are appointed
do not provide non-audit services, then the information is disclosed; and
• Disclosure of information on the use of AP and KAP services and their networks/
associations/aliances can be presented in tabular form.
xxi. name and address of capital market supporting institutions and/or professionals other than
96
AP and KAP
f. Management Analysis and Discussion 104-140
Management analysis and discussion contains analysis and discussion of financial statements
and other important information with an emphasis on material changes that occurred in the
fiscal year, which at least contains:
i. a review of operations per business segment according to the type of industry of the Issuer
106
or Public Company, at least regarding:
• production, which includes the process, capacity, and development; 105-111
• income/sales; and 105
• profitability; 111-113
ii. comprehensive financial performance which includes a comparison of financial performance
in the last 2 (two) fiscal years, an explanation of the causes of the changes and the impact of 113-127
these changes, at least regarding
• current assets, non-current assets, and total assets; 113-118
• current liabilities, long term liabilities, and total liabilities; 118-120
• equity; 121
• income/sales, expenses, profit (loss), other comprehensive income, and total
121-126
comprehensive profit (loss); and
• cash flows; 126-127
iii. ability to pay debts or obligations by presenting the relevant ratio calculations; 127
iv. collectibility level of the Issuer's or Public Company's receivables by presenting the relevant
115-116
ratio calculations;
v. capital structure and management policies on the capital structure with the basis for
128
determining the said policy;
vi. discussion of material ties for capital goods investment with an explanation that at least
129
contains:
• the purpose of the bond;
• the expected source of funds to fulfill the commitment;
• the currency in which it is denominated; and
• steps that are planned by the Issuer or Public Company to protect the risk from the
related foreign currency position;
vii. discussion of capital goods investments realized in the last fiscal year, at least contains: 129
• type of capital goods investment;
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• the purpose of capital goods investment; and
• the total of capital goods investments;
viii. information and material facts occurring after the date of the accountant's report (if any); 132
ix. the business prospects of the Issuer or Public Company are related to the conditions of the
industry, the general economy and the international market accompanied by quantitative 133
supporting data from reliable data sources;
x. comparison between the target/projection at the beginning of the fiscal year with the
130
results achieved (realization), regarding:
• income/sales;
• profit (loss);
• capital structure; or
• other matters deemed important to the Issuer or Public Company;
xi. targets/projections to be achieved by the Issuer or Public Company for the next 1 (one) year,
131
regarding:
• income/sales;
• profit (loss);
• capital structure; or
• other matters deemed important to the Issuer or Public Company;
xii. marketing aspects of the goods and/or services of the Issuer or Public Company, at
135-136
least regarding the marketing strategy and market share;
xiii. description of dividends for the last 2 (two) fiscal years, at least: 135
• dividend policy, which includes information on the percentage of dividends distributed
to net income;
• date of payment of cash dividends and/or date of distribution of non-cash dividends;
• the amount of dividends per share (cash and/or non-cash); and
• the amount of dividends paid annually;
Disclosure of information can be presented in tabular form. In the event that the Issuer or
Public Company does not distribute dividends in the last 2 (two) years, this matter shall be
disclosed.
xiv. realization of the use of proceeds from the public offering, provided that: 136
• n the event that during the fiscal year, the Issuer has an obligation to 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; and
• in the event that 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;
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xv. material information (if any), regarding investment, expansion, divestment, business
merger/consolidation, acquisition, debt/capital restructuring, material transactions, affiliated
137-139
transactions, and conflict of interest transactions, which occurred during the fiscal year, at
least containing :
• date, value, and object of the transaction; 138
• name of the party conducting the transaction; 138
• nature of the affiliation relationship (if any); 138
• explanation of the fairness of the transaction; 137
• compliance with related provisions; and 137
• in the event that there is an affiliation relationship, apart from disclosing the information as
137
referred to in letter a) to letter e), the Issuer or Public Company also discloses information:
▶ 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 in
137
accordance with generally accepted business practices, by complying with the arms-
length principle; and
▶ the role of the Board of Commissioners and the audit committee in carrying
out adequate procedures to ensure that affiliated transactions are carried out in
137
accordance with generally accepted business practices, by complying with the arms-
length principle;
• for affiliated transactions 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 transactions or material
transactions are business activities carried out to generate operating income. and run
regularly, repeatedly, and/or continuously;
In the event that the affiliated transactions or material transactions referred to have
been disclosed in the annual financial statements, additional information regarding the
disclosure reference in the annual financial statements is added.
• 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;
• in the event that there is no affiliated transaction and/or conflict of interest transaction,
then this shall be disclosed;
xvi. changes in the provisions of laws and regulations that have a significant effect on Issuers or
139
Public Companies and their impact on financial statements (if any); and
xvii. changes in accounting policies, reasons and impact on financial statements (if any). 139
g. Issuer or Public Company Governance 156-278
The governance of the Issuer or Public Company shall at least contain a brief description of:
i. GMS, at least contains: 164-176
• Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior
to the fiscal year include:
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▶ resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized
in the fiscal year; and
▶ resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have
not been realized and the reasons for not realizing them;
• in the event that 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
ii. The Board of Directors, at least contains: 184-191
• duties and responsibilities of each member of the Board of Directors; 185
• Information regarding the duties and responsibilities of each member of the Board of
186-188
Directors is described and can be presented in tabular form.
• a statement that the Board of Directors has guidelines or charter for the Board of
184
Directors;
• policies and implementation of the frequency of meetings of the Board of Directors,
meetings of the Board of Directors with the Board of Commissioners, and the level of
206
attendance of members of the Board of Directors in the meeting including attendance
at the GMS;
• Information on the attendance rate of Board of Directors members in Board of Directors
meetings, joint meetings with the Board of Commissioners, or General Meetings of 201-202
Shareholders can be presented in table form.
• training and/or competency development of members of the Board of Directors: 190
▶ policies for training and/or improving the competence of members of the Board of
Directors, including an orientation program for newly appointed members of the
Board of Directors (if any); and
▶ training and/or competency improvement attended by members of the Board of
Directors in the fiscal year (if any);
• 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 191
contain:
performance appraisal procedures; and
the criteria used are performance achievements during the fiscal year, are competence
and attendance at meetings; and
• in the event that 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.
iii. The Board of Commissioners, at least contains: 177-184
• duties and responsibilities of the Board of Commissioners; 178
• a statement that the Board of Commissioners has guidelines or charter for the Board of
177
Commissioners
• policies and implementation of the frequency of meetings of the Board of Commissioners,
meetings of the Board of Commissioners with the Board of Directors and the level of
200
attendance of members of the Board of Commissioners in these meetings including
attendance at the GMS;
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Information on the level of attendance of members of the Board of Commissioners at the
meeting of the Board of Commissioners, the meeting of the Board of Commissioners with 200
the Board of Directors, or the GMS can be presented in tabular form.
• training and/or competency improvement of members of the Board of Commissioners: 182
▶ policy on competency training and/or development of members of the Board of
Commissioners, including orientation programs for newly appointed members of the
Board of Commissioners (if any); and
▶ competency training and/or development attended by members of the Board of
Commissioners in the fiscal year (if any);
• 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 least 202
containing:
▶ procedures for implementing performance appraisals;
▶ criteria used are performance achievements during the fiscal year, competency and
attendance at meetings; and
▶ party conducting the assessment; and
• 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 183
year includes:
▶ performance appraisal procedures; and
▶ the criteria used are performance achievements during the fiscal year, competency
and attendance at meetings;
iv. The nomination and remuneration of the Board of Directors and the Board of
203-205
Commissioners shall at least contain:
• nomination procedure, including a brief description of the policies and process for
nomination of members of the Board of Directors and/or members of the Board of 203
Commissioners; and
• procedures and implementation of remuneration for the Board of Directors and the
203
Board of Commissioners, among others:
▶ procedures for determining remuneration for the Board of Directors and the Board of
203
Commissioners;
▶ the remuneration structure of the Board of Directors and the Board of Commissioners
204
such as salary, allowances, tantiem/bonus and others; and
▶ 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 205
form.
v. The sharia supervisory board, for Issuers or Public Companies that carry out business
activities based on sharia principles as stated in the articles of association, shall at least N/A
contain:
• name;
• legal basis for the appointment of the sharia supervisory board;
• period of assignment of the sharia supervisory board;
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• duties and responsibilities of the sharia supervisory board; and
• frequency and method of providing advice and suggestions as well as supervising the
fulfillment of sharia principles in the capital market to Issuers or Public Companies;
vi. The audit committee, at least contains: 205-210
• name and position in committee membership;
• age;
• nationality;
• educational history;
• position history, including information on:
▶ legal basis for appointment as committee member;
▶ concurrent positions, either as a member of the Board of Commissioners, member of
the Board of Directors, and/or member of the committee as well as other positions (if
any); and
▶ work experience and period of time both inside and outside the Issuer or Public
Company;
• period and term of office of the audit committee members; 206-208
• statement of independence of the audit committee; 207
• training and/or competency improvement that have been followed in the fiscal year (if
210
any);
• policies and implementation of the frequency of audit committee meetings and the level
208
of attendance of audit committee members in those meetings; and
• the implementation of the audit committee's activities for the fiscal year in accordance
209
with the guidelines or charter of the audit committee;
vii. the nomination and remuneration committee or function of the Issuer or Public Company,
211-215
at least containing:
• name and position in committee membership;
• age;
• nationality;
• educational history;
• position history, including information on:
▶ legal basis for appointment as committee member;
▶ 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
▶ work experience and period of time both inside and outside the Issuer or Public
Company;
• period and term of office of the committee members; 211
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• statement of committee independence; 213
• training and/or competency improvement that have been followed in the fiscal year (if
215
any);
• description of duties and responsibilities; 213
• a statement that it has a guideline or charter; 211
• policies and implementation of the frequency of meetings and the level of attendance of
213-214
members at the meeting;
• brief description of the implementation of activities in the fiscal year; and 214
• in the event that no nomination and remuneration committee is formed, the Issuer or
Public Company is sufficient to disclose the information as referred to in letter i) to letter
l) and disclose:
▶ reasons for not forming the committee; and
▶ the party carrying out the nomination and remuneration function;
viii. other committees owned by Issuers or Public Companies in order to support the
functions and duties of the Board of Directors (if any) and/or committees that support the 233
functions and duties of the Board of Commissioners, at least containing:
• name and position in committee membership;
• age;
• nationality;
• educational history;
• position history, including information on:
▶ legal basis for appointment as committee member;
▶ 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
▶ work experience and period of time both inside and outside the Issuer or Public
Company;
• period and term of office of the committee members;
• statement of committee independence;
• training and/or competency improvement that have been followed in the fiscal year (if
any); and
• description of duties and responsibilities;
• a statement that the committee has had guidelines or charters;
• policies and implementation of the frequency of committee meetings and the level of
attendance of committee members at the meeting; and
• a brief description of the committee's activities for the fiscal year; 219
ix. Corporate secretary, at least contains: 217-219
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• name;
• domicile;
• position history, including:
▶ legal basis for appointment as company secretary; and
▶ work experience and period of time both inside and outside the Issuer or Public
Company;
• educational history;
• training and/or competency improvement followed during the fiscal year; and
• a brief description of the implementation of the duties of the corporate secretary for the
fiscal year;
x. Internal audit unit, at least contains: 219-223
• name of the head of the internal audit unit;
• position history, including:
▶ legal basis for the appointment as head of the internal audit unit; and
▶ work experience and period of time both inside and outside the Issuer or Public
Company;
• qualification or certification as an internal audit profession (if any); 222
• training and/or competency improvement to be followed during the fiscal year; 222
• structure and position of the internal audit unit; 220
• description of duties and responsibilities; 221
• a statement that the internal audit unit has had guidelines or charters; and 219
xi. a brief description of the implementation of the internal audit unit's duties for the fiscal
year including the policy and implementation of the frequency of meetings with the Board 225
of Directors, Board of Commissioners, and/or audit committee;
• a description of the internal control system implemented by the Issuer or Public Company,
224
at least containing:
• financial and operational control, as well as compliance with other laws and regulations; 224
• review of the effectiveness of the internal control system; and 227
• statement of the Board of Directors and/or Board of Commissioners on the adequacy of
228
the internal control system;
xii. the risk management system implemented by the Issuer or Public Company, at least
228
contains:
• general description of the risk management system of the Issuer or Public Company; 228
• types of risks and how to manage them; 229
• review of the effectiveness of the Issuer's or Public Company's risk management system;
231
and
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• statement of the Board of Directors and/or the Board of Commissioners or the audit
232
committee on the adequacy of the risk management system;
xiii. legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries,
members of the Board of Directors and members of the Board of Commissioners (if any), at 233
least contain:
• subject matter/claim;
• status of settlement of cases/claims; and
• effect on the condition of the Issuer or Public Company;
xiv. information on administrative sanctions/sanctions imposed on Issuers or Public
Companies, members of the Board of Commissioners and members of the Board of 233
Directors, by the Financial Services Authority and other authorities for the fiscal year (if any);
xv. information regarding the code of ethics of the Issuer or Public Company includes: 236-238
• main points of the code of ethics; 236
• form of socialization of the code of ethics and its enforcement efforts; and 237
• a statement that the code of ethics applies to members of the Board of Directors,
237
members of the Board of Commissioners, and employees of Issuers or Public Companies;
xvi. 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
238
(if any), including the management stock ownership program (MSOP) and/or program
employee stock ownership (ESOP);
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:
• number of shares and/or options;
• implementation period;
• requirements for eligible employees and/or management; and
• exercise price or determination of exercise price;
xvii. a brief description of the information disclosure policy regarding: 192
• 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
• implementation of the policy;
xviii. a description of the whistleblowing system at the Issuer or Public Company, at least
239-240
containing
• method of submitting a violation report; 239
• protection for whistleblowers; 240
• complaint handling; 240
• party managing the complaint; and 240
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Description Page
• result of complaint handling, at least: 240
▶ number of complaints received and processed in the fiscal year; and
▶ follow-up on complaints;
In the event that the Issuer or Public Company does not have a whistleblowing system,
this matter is disclosed.
xix. a description of the anti-corruption policy of the Issuer or Public Company, at least containing 239
• programs and procedures implemented in overcoming corrupt practices, kickbacks,
fraud, bribery and/or gratification in Issuers or Public Companies; and
• anti-corruption training/socialization to employees of Issuers or Public Companies;
• In the event that the Issuer or Public Company does not have an anti-corruption policy,
the reasons for not having the said policy are explained.
xx. implementation of the Public Company governance guidelines for Issuers issuing equity
253
securities or Public Companies, including:
• a statement regarding the recommendations that have been implemented; and/or
• explanation of recommendations that have not been implemented, along with reasons
and alternative implementations (if any).
Disclosure of information can be presented in tabular form.
h. Social and Environmental Responsibility of Issuers or Public Companies SR
i. The information disclosed in the social and environmental responsibility section is a
Sustainability Report as referred to in the Financial Services Authority Regulation Number
SR
51/POJK.03/2017 concerning the Implementation of Sustainable Finance for Financial
Services Institutions, Issuers, and Public Companies, at at least includes:
• explanation of the sustainability strategy;
• overview of sustainability aspects (economic, social, and environmental);
• brief profile of the Issuer or Public Company;
• explanation of the Board of Directors;
• sustainability governance
• sustainability performance;
• written verification from an independent party, if any;
• feedback sheet for readers, if any; and
ii. the response of the Issuer or Public Company to the previous year's report feedback; SR
iii. information on the Sustainability Report in number 1) can: SR
• disclosed in other relevant sections outside the social and environmental responsibility
section, such as the Directors' explanation regarding the Sustainability Report disclosed
in the section related to the Directors' Report; and/or
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• refers to other sections outside the social and environmental responsibility section by
still referring to the Technical Guidelines for the Preparation of Sustainability Reports for
Issuers and Public Companies as listed in Appendix II which is an integral part of this
Financial Services Authority Circular Letter, such as the profile of the Issuer or Public
Company;
iv. The Sustainability Report as referred to in number 1) is an inseparable part of the Annual
SR
Report but can be presented separately from the Annual Report;
v. In the event that the Sustainability Report is presented separately from the Annual Report,
SR
the information disclosed in the Sustainability Report must:
• contains all the information as referred to in number 1); and
• prepared in accordance with the Technical Guidelines for the Preparation of a
Sustainability Report for Issuers and Public Companies as listed in Appendix II which is
an integral part of this Financial Services Authority Circular Letter;
vi. In the event that the Sustainability Report is presented separately from the Annual
Report, then the social and environmental responsibility section contains information
SR
that information on social and environmental responsibility has been disclosed in the
Sustainability Report which is presented separately from the Annual Report; and
vii. Submission of the Sustainability Report which is presented separately from the Annual
SR
Report must be submitted together with the Annual Report.
h. Audited Annual Financial Report 276
The annual financial reports contained in the Annual Report are prepared in accordance with
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 regulates the periodic
reports of securities companies in the event that the Issuer is a securities company.
i. Statement Letters of Members of the Board of Directors and Members of the Board of
Commissioners regarding Responsibilities for the Annual Report Statements of members
of the Board of Directors and members of the Board of Commissioners regarding the
responsibilities of the Annual Report are prepared in accordance with the format of 48-49
Statement Letters of Members of the Board of Directors and Members of the Board of
Commissioners regarding Responsibilities for the Annual Report as contained in the
Appendix I which is an integral part of this Financial Services Authority Circular Letter.
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Annual Report 2023 AKR Tower JL. Panjang No. 5 Kebon Jeruk Jakarta Barat 11530, Indonesia (021) 5311110 www.akr.co.id
Names mentioned 199 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Freeport Indonesia
p.8
unresolved
person
K.H. Ma’ruf Amin
p.30
unresolved
org
PT Aneka Petroindo Raya
p.30 ×3
unresolved
org
PT Jatim Sarana Utama
p.30
unresolved
org
PT Anugerah Kreasi
p.30
unresolved
org
PT Berkah Bunker Pratama Indonesia
p.30
unresolved
org
PT Andahanesa Abadi
p.30 ×9
unresolved
org
PT Anugerah Krida Retailindo
p.30 ×8
unresolved
org
PT Usaha Era Pratama
p.30
unresolved
org
PT Anugerah Kreasi Pratama Indonesia
p.30 ×2
unresolved
org
PT Berkah
p.30 ×6
unresolved
org
PT PLN (Persero)
p.31
unresolved
org
PT Hailiang Nova Material Indonesia
p.31
unresolved
org
PT Sea Transport
p.31
unresolved
org
Bank Indonesia
p.35 ×3
unresolved
org
PT AKR Corporindo Therefore
p.37
unresolved
org
PT AKR Corporindo Tbk’s Board
p.45
unresolved
person
Presidet
· Director
p.46
unresolved
person
Soedijanto
· Director
p.46
unresolved
org
Employees in 2023
· Company Name
p.52
unresolved
org
PT Arthakencana Rayatama Business Field Indonesia Stock Exchange
p.52
unresolved
org
Indonesia Stock Exchange
p.52 ×7
unresolved
org
Minister of Justice
p.52 ×2
unresolved
org
PT Aneka Kimia Raya. In
p.53
unresolved
org
PT Bayu Buana Gemilang
p.54
unresolved
org
PT Anugrah Kreasi Pratama Indonesia
p.54 ×2
unresolved
org
PT Berkah Bunker
p.54
unresolved
org
PT Usaha Era Pratama Nusantara
p.54 ×9
unresolved
org
Power Investments Limited
p.54
unresolved
org
PT AKR Kimia Raya
p.55
unresolved
org
Corporindo Tbk
p.55 ×2
unresolved
person
Dr. Amrul Partomuan Pohan
p.55 ×2
unresolved
org
Minister of Justice and Human Rights
p.55 ×2
unresolved
org
PT Aneka Kimia
p.55
unresolved
org
Raya Tbk.
p.55
unresolved
person
Poerbaningsih Adi Warsito
· Notaris
p.55
unresolved
org
ANEKA KIMIA RAYA TBK
p.55 ×7
unresolved
org
PT Berkah Kawasan
p.58 ×2
unresolved
org
Kalista Liuzhou Chemical Ltd
p.58
unresolved
org
PT AKR
p.58 ×5
unresolved
org
PT Sorini Agro Asia Corporindo
p.58 ×5
unresolved
org
Liuzhou Chemical Industries Ltd.
p.58
unresolved
org
PT Berlian Manyar Sejahtera
p.58 ×3
unresolved
org
PT Jakarta Tank Terminal
p.58 ×6
unresolved
org
PT Sorini Agro Asia Corporindo Annual
p.58
unresolved
org
PT Berkah Bunker Service
p.59 ×2
unresolved
org
PT Berkah Renewable Energi Nusantara Kimia Indonesia
p.59
unresolved
org
Ministry of Energy and Mineral
p.62
unresolved
org
PT Asahimas Chemical
p.63 ×2
unresolved
org
PT Berkah Buana Energi
p.64 ×5
unresolved
org
PT Dirgantara Petroindo
p.64 ×2
unresolved
org
PT Jakarta Tank
p.64
unresolved
org
PT AKR Transportasi
p.64
unresolved
org
PT AKR Sea Transport
p.64 ×7
unresolved
org
PT BMS
p.65
unresolved
org
PT Arjuna Utama Kimia
p.65 ×9
unresolved
org
PT Dirgantara Petroindo Raya
p.66 ×3
unresolved
org
Asosiasi Pengusaha Indonesia (APINDO)
p.67
unresolved
org
Kamar Dagang dan Industri Indonesia (KADIN)
p.67
unresolved
org
PT Jakarta Tan Harryati Utami
p.68
unresolved
org
PT Dirgantara Head
p.68
unresolved
org
PT Aneka Petroindo Antonius
p.68
unresolved
org
PT Anugerah Head
p.68
unresolved
org
PT Berkah Kawasan Oey Imelda Widjaja
p.68
unresolved
org
PT Anugerah Kimia
p.68 ×2
unresolved
org
PT Berkah Buana
p.68
unresolved
org
Coal Trading Co. Ltd
p.69 ×4
unresolved
org
Transshipment Port Co. Ltd
p.69 ×5
unresolved
org
AKR Container Port Co. Ltd
p.69 ×4
unresolved
org
PT AKR Land Development
p.69 ×2
unresolved
org
PT Union Perkasa WIsesa
p.69 ×2
unresolved
org
Ship Management AKR Corporindo Tbk
p.70
unresolved
org
PT Pratama Dermaga Nusantara
p.70
unresolved
org
PT Sorini Jala Jaya Industri
p.70
unresolved
org
Minister of Agrarian and Spatial Planning
p.71
unresolved
org
Minister of National Development Planning
p.71
unresolved
org
Minister of Communication and Information
p.71
unresolved
org
PT. Indika Nature
p.71
unresolved
org
Deposit Insurance Corporation
p.72
unresolved
org
Minister of Finance
p.72
unresolved
org
Departemen Keuangan
p.72
unresolved
org
Chemical Industries Ltd
p.73 ×2
unresolved
org
PT Bumi Karunia Pertiwi
p.73 ×3
unresolved
org
Port Co. Ltd
p.73 ×2
unresolved
org
PT Jabal Nor
p.73 ×2
unresolved
org
Lubrindo Shipping Services Pte Ltd
p.73
unresolved
org
PT Anugerah Lubrindo Batam
p.73 ×3
unresolved
org
PT Anugerah Lubrindo Raya
p.73 ×4
unresolved
org
PT Energi Manyar Sejahtera
p.73 ×5
unresolved
org
PT AKR Transportasi Indonesia
p.73 ×6
unresolved
org
PT AKR Niaga Indonesia
p.73 ×6
unresolved
org
PT Anugrah Karya Raya
p.73 ×4
unresolved
org
Sorini Corporation Tbk
p.74 ×2
unresolved
org
PT Berkah Renewable Energi Nusantara
p.74 ×2
unresolved
org
PT Terminal Nilam Utara
p.74 ×2
unresolved
org
PT Berkah Kawasan Manyar Sejahtera
p.74 ×4
unresolved
org
PT Berlian Manyar Stevedore
p.75
unresolved
org
PT Terminal Curah Semarang
p.75
unresolved
org
PT Perkasa Heavyndo Engineering
p.77
unresolved
org
TVs Electronics Limited
p.77
unresolved
org
PT Anugerah Kimia Indonesia
p.77
unresolved
org
PT Warner Lambert Indonesia
p.80
unresolved
org
PT Bank Universal
p.80
unresolved
org
PT Bank Bali
p.80 ×2
unresolved
org
Pasific PTE LTD
p.81
unresolved
org
PT Mundipharma Healthcare Indonesia
p.81
unresolved
org
SMART Tbk
p.81 ×3
unresolved
org
PT Nissan Motor Indonesia
p.81
unresolved
org
PT Jasatama Petroindo
p.82
unresolved
org
PT. PRUDENTIAL LIFE ASSURANCE
p.85 ×2
unresolved
org
Domestic Institutions Limited
p.86
unresolved
person
Tegoeh Hartanto
p.88
unresolved
org
Minister of Law and Human Rights
p.89
unresolved
org
Stock Exchange Indonesia Limited
p.90
unresolved
org
II Exchange Indonesia Limited
p.90
unresolved
org
PT Usaha Unloading Era Pratama
p.92
unresolved
org
PT Jakarta Andahanesa
p.92
unresolved
org
PT Arjuna
p.92
unresolved
org
PT Anugrah
p.92
unresolved
org
PT AKR Sea
p.92 ×2
unresolved
org
PT AKR Niaga Chemical
p.92
unresolved
org
PT Anugerah Jakarta Krida General Trade
p.92
unresolved
org
PT Berkah Renewable
p.92
unresolved
org
PT Berkah Kawasan Gresik
p.93
unresolved
org
PT Berlian Gresik
p.93
unresolved
org
PT Terminal Logistics
p.93
unresolved
org
PT Anugerah Warehousing
p.93
unresolved
org
PT Dirgantara
p.93
unresolved
org
PT AKR Niaga Indonesia Wholesale
p.93
unresolved
org
PT Arjuna Niaga
p.94
unresolved
org
PT Berlian
p.94
unresolved
org
PT Anugrah Kimia
p.94
unresolved
org
PT AKR Dirgantara Transportasi Petroindo Indonesia Raya
p.94
unresolved
org
PT Usaha Lubrindo
p.94
unresolved
org
PT Lubrindo
p.94
unresolved
org
PT Terminal Services Pte
p.94
unresolved
org
Nilam Utara Ltd
p.94
unresolved
org
PT Berkah Kreasi Bunker Pratama Service Idonesia
p.94
unresolved
org
PT Aneka Petro Indo Raya
p.94
unresolved
org
PT Jakarta Tank Terminal Manyar Sejahtera
p.94
unresolved
org
PT Berlian Manyar Raya
p.94
unresolved
org
Purwantono
p.95 ×6
unresolved
person
Feniwati Chendana
p.95 ×3
unresolved
org
PT Raya Saham Registra
p.96 ×2
unresolved
org
PT Bank Mega Tbk Capital
p.96
unresolved
org
PT Pemeringkat
p.96
unresolved
org
PT Pemeringkat Efek
p.96
unresolved
person
K.H. Mas Mansyur
p.96
unresolved
org
Indonesia Makes & Partners
p.96
unresolved
—
Sudirman No.Kav 60,
p.96
unresolved
org
Kantor Notaris Aulia Jakarta Selatan
p.96
unresolved
org
Financial Services Authority
p.97 ×3
unresolved
org
PT. Bimoli
p.101
unresolved
org
Ministry of Energy and Mineral Resources
p.104
unresolved
org
Bank Indonesia Cash Adhimix Precast
p.110
unresolved
org
Ministry of Transportation
p.111
unresolved
org
Young Global Limited
p.113 ×2
unresolved
org
Bank Payables
p.119
unresolved
person
Notary Aulia Tufani
p.170 ×2
unresolved
person
Sapto Budi
p.170
unresolved
person
Lusiany Lugina
p.170
unresolved
org
Makes & Partners
p.170
unresolved
—
Soegiarto
· President
p.196
unresolved
org
PT AKR Corporindo Adikoesoemo
p.196
unresolved
person
Male
· Commissioner
p.196 ×3
unresolved
—
Fauzi Ichsan
· Independent
p.196
unresolved
person
Development Studies
· Commissioner
p.196
unresolved
—
Haryanto
· President
p.196
unresolved
person
Female
· Director
p.196
unresolved
person
Aulia Taufani
p.295 ×2
unresolved
org
BAPEPAM-LK
p.305 ×4
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