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Page 1
Leveraging Synergies
for Growth
2023
Annual Report
PT A d i r a D i n a m i ka M u l t i Fi n a n c e T b k
Page 2
Table of
Contents 03
Management Discussion
and Analysis
Leveraging Synergies for Growth 1
Continuity Theme Last 5 years 4
Macroeconomic and Industry Outlook 144
The 2023 Strategy 6
Operational Review per Business 148
Digital Development Initiative 7 Segment
2023 Performance Highlights 8 Motorcycle Financing 150
Financial Highlights 10 Car Financing 154
Key Financial Highlights 11 Non-Automotive Financing 158
Stock Highlights 14 Operation Review per Region 162
Corporate Action 16 Marketing 164
Suspension and/or Delisting 16 Operations 170
Overview of Adira Finance Bonds and 17 Human Resources 176
02
Sukuk Mudharabah
Information Technology 192
Conversion Bonds Summary 20
Financial Review Analysis 198
Sustainability Performance Highlights 23
Other Material Information 213
Event Highlights 24
Solvency 213
Awards 28
Receivables Collectability 215
Corporate Profile Capital Structure 216
Material Commitments to Capital 217
Expenditure
Corporate Identity 65 Realization of Capital Goods Investment 217
Adira Finance at A Glance 66 for The Last Fiscal Year
Milestones 70 Material Facts and Information 218
Subsequent to Accountant’s Report Date
Line of Business 72
Commitment and Contingency 218
List of Membership in Association 73
Comparison of 2023 Target and Realization 218
Organizational Structure ADIRA FINANCE 74
2024 Outlook 219
Vision and Mission 76
Dividend Policy 219
Business Strategy in 2023 78
Employee and/or Management Share 220
Adira Finance in Number 79
Ownership Program
Brand and Logo 80
Realization of Proceeds from Public 220
01
Brand Personality 81 Offering
Board of Commissioners Profile 82 Material Transactions for Investments, 221
Audit Committee Profile 88 Expansion, Divestments, Business
Mergers or Acquisitions, and Debt/Capital
Risk Monitoring Committee Profile 91 Restructurings
Nomination and Remuneration 94 Transactions with Conflicts of Interest and 221
Committee Profile
Management Report
Transactions with Affiliated or Related
Corporate Governance Committee Profile 97 Parties
Board of Directors Profile 99 Changes to Laws and Regulations with a 223
Sharia Supervisory Board Profile 105 Significant Impact on The Company
Report of the Board of Commissioners 36
Senior Officers Profile 108 Changes in Accounting Principles 224
Report of the Board of Directors 46
Changes In The Composition of Members 124 Compliance with Tax Payments 224
of The Board of Commissioners And Board Economic Performance 226
of Directors Business Prospect 230
Total Number and Data on Employee 125
Competency Development
Shareholders Composition 127
Chronology of Stock Listing 129
Chronology of Other Securities Listing 132
Shareholder of Affiliates, Subsidiaries, 133
Associates and Joint Ventures
Group Structure 134
Public Accounting Services and Public 135
Accounting Firm
Name and Address of Supporting 136
Institutions and/or Professionals
Corporate Website Information 137
Management Education and Training 138
Page 3
Prevention of Insider Transactions 389
Gratuity Control 389
Anti-Corruption Policy 390
Fraud Control 392
Company Legal Issues 397
Administrative Sanctions from Regulators 405
Access to Company Information and Data 406
Corporate Governance Assessment 406
Report of Sharia Governance 412
04 Supporting Data
Corporate
Governance Operational Area 476
The Company’s Business Networks 478
Corporate Governance Report 144
Corporate Governance Structure of Adira 148
Finance
Corporate Governance Policy 150
General Meeting of Shareholders 154
Sustainability Management 158
Board of Commissioners 162
05
Independent Commissioner 164
Board of Directors 170
Management Contract 176
Executive Committee 192
Relationship between the Board of 198
Commissioners and the Board of Directors
Meeting of The Board of Commissioners 213
Joint Meetings of the Board of
Commissioners and Board of Directors
213 Environmental and
Meeting of the Board of Directors 215 Social Responsibility
Diversity in the Composition of the Board 216
of Commissioners and Board of Directors
Sustainability Performance at a Glance 432
Performance Assessment of the Board of 217
About This Report 440
Commissioners and Board of Directors
Social Responsibility in the Field of 444
Remuneration for the Board of 217
Community Development
Commissioners, Board of Directors
and Committees Under the Board of Social Responsibility in the Fields of 452
Commissioners Labour Practices and Occupational Health
and Safety
Board of Commissioners Support 218
Environmental Social Responsibility 458
Secretary of the Board of Commissioners 218
Social Responsibility to Consumers 464
Audit Committee 218
IT: Business Development Strategy 470
Risk Monitoring Committee Report 219
Testimony 472
219
07
Nomination and Remuneration
Committee
Corporate Governance Committee 220
Corporate Secretary 220
Internal Audit 221
Compliance Function 221
Internal Control System 223
Public Accountant 224
Financial Statements
Risk Management 224
Procurement of Goods and Services 226 ANNUAL FINANCIAL STATEMENTS 496
Dividend Policy 230
Provision of Funds for Related Parties 380 SEOJK REFERENCE 648
Provision of Funds for Social and Political 381 NO. 16/SEOJK.04/2021:
Activities ANNUAL REPORT OF PUBLIC COMPANY
Contribution to the Country 381 LIST OF DISCLOSURE BASED ON POJK 659
Policy on the Rights of Creditors 382 NO.51/POJK.03/2017 & GRI STANDARDS
WITH REFERENCE INDEX CORE OPTION
Customer/Consumer Protection Policy 382
Corporate Ethics 384
Conflict of Interest Management and 388
Relationships with Related Parties
Page 4
2023
Performance
Highlights
New Financing New Financing by Segment
(IDR Trillion) (IDR Trillion)
Motorcycles Cars Non Automotive
41.6 41.6
37.9 37.9
8.0
31.7 7.4 31.7
6.2
25.9 25.9
12.8 17.9
4.3
18.6 18.6 14.2
3.2 10.5
6.9
17.7 15.7
11.1 11.4
8.5
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Managed Receivables Managed Receivables
by Source by Segment
(IDR Trillion) (IDR Trillion)
Self-Financing Joint Financing Motorcycles Cars Non Automotive
54.8 55.7 54.8 55.7
1.6
8.2
44.0 44.6 44.0 44.6
40.4 2.7 40.4 5.9
23.3 28.1
3.9
26.4 28.8
19.2 20.9 23.5 23.9
18.8 21.7
31.5 25.1
24.8 29.3 17.8 18.7
21.6 23.7 14.8 14.8
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Total Assets Equity - Net
(IDR Trillion) (IDR Trillion)
35.1 11.1
31.0 10.0
29.2 8.9
24.9 8.1 8.0
23.7
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Leveraging
Synergies
for Growth
In 2023, Adira Finance successfully navigated
the improving automotive and financing
landscape to record robust asset growth and
profitability. Leveraging synergies internally
as well as with Bank Danamon as the parent
company and other MUFG group entities,
the Company was able to expand its product
offerings and customer reach to drive growth.
These synergies also enabled the Company to
expand and strengthen its ecosystem, which
in turn increased customer engagement.
Accompanied by human resources
transformation and continued digitalization,
as well as prudent risk management to ensure
the health and continuity of the business,
the Company’s improved synergies have
strengthened its market share and positioned
Adira Finance for growth ahead.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 6
SYNERGIES AND
COLLABORATION
As a subsidiary of Bank Danamon and part of the MUFG global
financial group, Adira Finance is committed to building healthy
long-term relationships with customers or customers for life,
as well as strong synergy and collaboration with business
partners, which is believed to be able to support the Company’s
sustainable performance.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
We provide Indonesians with a wide range of financial
solutions to suit their life cycle needs, including motor vehicle
financing products such as motorcycles and cars, both new
and used, as well as non-automotive financing products
ranging from electronic devices, gadgets, furniture, to loan
facilities. Not only serving conventional financing, we also
provide financing solutions using sharia principles through
Adira Finance’s Sharia Business Unit.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 8
5
2023
years
Leveraging Synergies
for Growth
2022
Building Resilience for
Accelerating Growth
BUILDING RESILIENCE
for Accelerating Growth
Annual Report
2022
PT Adira Dinamika Multi Finance Tbk
In line with the national economic
recovery, the automotive and financing
In 2023, Adira Finance successfully navigated
industries recorded a favorable
the improving automotive and financing
performance in 2022. Capitalizing on this
landscape to record robust asset growth and
growth, Adira Finance continues to build
profitability. Leveraging synergies internally
its resilience in accelerating business
as well as with Bank Danamon as the parent
growth while maintaining competitive
company and other MUFG group entities,
position in the financing industry.
the Company was able to expand its product
offerings and customer reach to drive growth.
With a strong customer-centric focus,
Adira Finance aims to continuosly
These synergies also enabled the Company to
strengthening and gaining its
expand and strengthen its ecosystem, which
market share through innovation and
in turn increased customer engagement.
diversification of its financing products
Accompanied by human resources
and services. Furthermore, Adira Finance
transformation and continued digitalization,
is also accelerating digitalization across
as well as prudent risk management to ensure
the Company’s organization and
the health and continuity of the business,
ecosystem to devise simpler, faster, and
the Company’s improved synergies have
more streamlined processes in order to
strengthened its market share and positioned
deliver exceptionally better customer
Adira Finance for growth ahead.
experience.
Page 9
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
2019
2021 Advancing Customer
Experience through
Implementing Customer-
centric and Digital
Transformation
2020
Driving Customer-centric
and Digitalization for
Business Transformation
Accelerating Digitalization
and Customer-centric
Transformation
In this digital era, with the almost
constant use of Internet in society,
building a technology-based Customer
The performance of the financing Experience is inevitable in terms of
industry has begun to recover from the product acquisition and retention. On
impact of the extraordinary challenges the other hand, Customer Experience
as a result of the COVID-19 pandemic. has become an important part of
Adira Finance took advantage of this marketing strategy. To win the hearts
recovery as a foothold to continue to of customers, we rely on providing the
grow and develop faster. Therefore, best in Customer Experience from the
Adira Finance has carried out a business The financing industry is facing start. Not only do we provide all the
transformation that focuses on customer tremendous challenges, with the information they may need, they can
centric and continuing digitalization. COVID-19 pandemic forcing the industry also experience first-hand a journey
to adapt faster. As a result of mobility of using Adira Finance products and
Through this transformation, Adira restrictions of people and businesses, services.
Finance is optimistic that it can improve the needs for digital transaction services,
business performance, expand market including financing services, are The theme of ‘Advancing Customer
share, and strengthen competitive increasingly in demand and continue Experience through Implementing
advantage. At the same time, Adira to grow. Customer Centric and Digital
Finance continuously strive to provide Transformation’ represents our
the best quality services to improve the We took the initiative to accelerate customer-oriented business and
customer experience, strengthen the the implementation of digitalization operational strategies. The digital
customer engagement, and increase and customer centric transformation transformation is expected to lead to
efficiency and effectiveness in the through optimizing the latest improved efficiency and effectiveness
Company’s business operations. information technology in order to in our business towards creating quality
provide the finest financing services Customer Experience. The spirit of
With a business transformation that and improve customer convenience, digital transformation will result in fast
focuses on customer centric and as well as to minimize operational risks and responsive Customer Experience in
digitalization, Adira Finance continues to while also increasing its efficiency. fulfilling the needs of all our customers.
provide new services to meet the needs Through this digital acceleration, the
of consumers, today and in the future. Company continuously adapts to
changes in the increasingly competitive
financing industry, as well as to achieve
a sustainable business growth in years
to come.
Page 10
STRATEGY
2023 Strengthen and gain market share in the
automotive business through product
diversification and by providing various
attractive sales programs for customers, as
well as strengthening good relations with our
dealers.
Expand networks to non-automotive
businesses by continuing to diversify the
products offered to support business growth
such as multipurpose loans and durables.
Increase customer retention by offering
loyalty and referral programs, as well as
2023
conducting cross-selling based on needs to
existing consumers. Thus providing a better
customer experience to support the growth of
the Company’s financing.
Accelerate digitalization within the Company
and its ecosystem to improve business
efficiency and effectiveness such as
performing digital/automation processes
and investing in digital platform (Adiraku,
momobil.id, momotor.id, dicicilaja.co.id and
etc).
Continue to manage its asset quality in
order to keep the NPL ratio under control by
applying prudent risk-management principles.
Secure and manage sufficient liquidity to fund
business requirement and to meet all financial
obligations.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
DIGITAL
DEVELOPMENT
INITIATIVE
In 2023, Adira Finance adjusted its strategy and digital development
initiatives to reflect changing business dynamics. In the post-COVID-19
pandemic era, Adira Finance faces various business challenges, including
changes in people’s consumption patterns toward digitalization.
Faced with this, Adira Finance continues to implement digital
development initiatives within the company’s ecosystem with the goal
of increasing competitiveness in the financing industry. Adira Finance is
also continuing to accelerate the digital/automation process by investing
in digital platform (Adiraku, momobil.id, momotor.id, moservice.id,
dicicilaja.co.id), which can make it easier for customers to finance with
Adira.
Adira Finance believes that by embracing digital innovation, it will be
able to reduce operational costs and improve efficiency in areas such as
activities related to credit approval, interactions with dealers related to
billing, payment, and others. Adira Finance aspires to be more efficient
in dealing with both existing and potential new customers.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 12
PERFORMANCE
HIGHLIGHTS IN 2023
-4.1% 19.4%
New Car Industry Sales Growth New Motorcycle Industry Sales Growth
IDR 41.6 trillion
ADMF’s New Financing
ADMF’s New Financing ADMF’s Car New Financing ADMF’s Motorcycle New ADMF’s Non-Automotive
Growth Growth Financing Growth New Financing Growth
31.2% y/y 26.2% y/y 38.7% y/y 29.% y/y
Managed Receivables Total Assets Total Liabilities Total Equity
IDR55.7 trillion IDR31.0 trillion IDR19.9 trillion IDR11.1 trillion
NPF (including
Net Interest Margin Return on Asset Return on Equity
Joint Financing)
1.9% 26.0% 8.6% 18.7%
Net Income for
Income the Year
IDR 9.5 trillion IDR 1.9 trillion
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Managed Receivables by Funding Source
23.3
Total
2019 54.8 IDR31.5 Trillion IDR Trillion
Self-Financing Joint Financing
Trillion
19.2
Total
2020 44.0 IDR24.8 Trillion IDR Trillion
Self-Financing Joint Financing
Trillion
18.8
Total
2021 40.4 IDR21.6 Trillion IDR Trillion
Self-Financing Joint Financing
Trillion
20.9
Total
2022 44.6 IDR23.7 Trillion IDR Trillion
Self-Financing Joint Financing
Trillion
26.4
Total
2023 55.7 IDR29.3 Trillion IDR Trillion
Self-Financing Joint Financing
Trillion
Active Consumers Total ADMF’s Business New Motorcycle New Car
throughout Indonesia Employees Networks Market Share Market Share
2.0 million 17.2 thousand 466 9.7% 5.0%
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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2023 PERFORMANCE HIGHLIGHTS
New Financing New Financing by Segment
(IDR Trillion) (IDR Trillion)
Motorcycles Cars Non Automotive
41.6 41.6
37.9 37.9
8.0
31.7 7.4 31.7
6.2
25.9 25.9
12.8 17.9
4.3
18.6 18.6 14.2
3.2 10.5
6.9
17.7 15.7
11.1 11.4
8.5
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Managed Receivables Managed Receivables
by Source by Segment
(IDR Trillion) (IDR Trillion)
Self-Financing Joint Financing Motorcycles Cars Non Automotive
54.8 55.7 54.8 55.7
1.6
8.2
44.0 44.6 44.0 44.6
40.4 2.7 40.4 5.9
23.3 28.1
3.9
26.4 28.8
19.2 20.9 23.5 23.9
18.8 21.7
31.5 25.1
24.8 29.3 17.8 18.7
21.6 23.7 14.8 14.8
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Total Assets Equity - Net
(IDR Trillion) (IDR Trillion)
35.1 11.1
31.0 10.0
29.2 8.9
24.9 8.1 8.0
23.7
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
KEY FINANCIAL HIGHLIGHTS
STATEMENT OF FINANCIAL POSITION [SEOJK F.2]
Description
2019 2020*) 2021*) 2022 2023
(In Billion Rupiah)
Asset
Cash on hand and in banks 3,122.5 4,227.4 1,637.6 1,286.4 1,435.5
Consumer financing receivables – net of allowance for 26,802.2 20,155.2 16,906.9 17,204.7 20,680.6
impairment losses
Murabahah financing receivables – net of allowance 2,822.2 2,450.1 3,051.3 4,033.4 5,520.1
for impairment losses
Finance leases receivables – net of allowance for 290.6 246.6 280.6 918.0 1,444.3
impairment losses
Investment in shares, related parties 0.7 0.7 0.7 0.7 386.4
Fixed assets – net of accumulated 266.1 244.5 209.4 161.8 229.7
depreciation
Intangible assets– net of accumulated amortization 160.5 186.5 169.3 128.7 120.7
Others 1,652.0 1,698.4 1,453.3 1,163.5 1,189.9
Total Assets 35,116.8 29,209.4 23,709.1 24,897.2 31,007.2
Liabilities
Borrowings 11,850.1 9,139.9 4,954.7 5,073.1 9,313.0
Bond Payable - Net 10,398.7 7,148.3 5,573.3 4,999.2 5,885.1
Mudharabah Bonds 637.0 478.0 402.0 441.0 859.0
Others 4,152.3 4,432.8 3,832.8 4,351.5 3,837.9
Total Liabilities 27,038.1 21,199.0 14,762.8 14,864.8 19,895.0
Equity
Share capital (Issued and fully paid) and additional 106.8 106.8 106.8 106.8 106.8
paid-in capital
Retained earnings and cumulative losses on derivative 7,971.9 7,903.6 8,839.6 9,925.6 11,005.4
instrument for cash flows hedges - net
Equity - Net 8,078.7 8,010.4 8,946.4 10,032.4 11,112.2
Total Liabilities and Equity 35,116.8 29,209.4 23,709.1 24,897.2 31,007.2
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 16
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Description
2019 2020*) 2021*) 2022 2023
(In Billion Rupiah)
Income
Consumer financing 8,350.7 7,077.1 5,795.0 5,373.7 6,041.7
Murabahah margin 872.3 695.2 862.1 1,195.2 1,482.9
Finance lease 35.6 36.7 31.6 68.2 147.9
Others 2,079.1 1,625.7 1,964.4 1,703.3 1,835.4
Total Income 11,337.7 9,434.7 8,653.1 8,340.4 9,507.9
Expenses
Salaries and benefits (2,139.0) (2,020.8) (2,098.2) (2,304.4) (2,419.7)
Interest expense and financing charges (1,977.7) (1,782.4) (1,073.5) (700.2) (982.2)
Provision for impairment losses (1,987.4) (2,173.5) (1,790.6) (1,255.7) (1,647.7)
General and administrative (1,522.1) (1,461.6) (1,643.5) (1,320.9) (1,338.9)
Revenue sharing for mudharabah bonds (56.6) (38.2) (30.4) (29.1) (30.0)
Marketing and others (775.8) (476.3) (415.0) (690.4) (616.8)
Total Expenses (8,458.6) (7,952.8) (7,051.2) (6,300.7) (7,035.3)
Income before income tax expense 2,879.1 1,481.9 1,601.9 2,039.7 2,472.6
Income tax expense (770.4) (452.0) (388.6) (434.2) (528.6)
Income for the year 2,108.7 1,029.9 1,213.3 1,605.5 1,944.0
Other comprehensive income after tax (150.1) (15.8) 235.6 87.5 (61.2)
Total comprehensive income for the year 1,958.6 1,014.1 1,448.9 1,693.0 1,882.8
Earnings per share - basic/delusion 2,109 1,030 1,213 1,606 1,944
(in full Rupiah amount)
Profit (loss) attributable:
Owner of parent 2,108.7 1,029.9 1,213.3 1,605.5 1,944.0
Non-controlling interest - - - - -
Total 2,108.7 1,029.9 1,213.3 1,605.5 1,944.0
Comprehensive income for the year
Owner of parent 1,958.6 1,014.1 1,448.9 1,693.0 1,882.8
Non-controling interest - - - - -
Total 1,958.6 1,014.1 1,448.9 1,693.0 1,882.8
Note:
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
DETAILS OF INCOME [SEOJK F.3]
Description
2019 2020 2021 2022 2023
(In Billion Rupiah)
Income
Consumer financing 8,350.7 7,077.1 5,795.0 5,373.7 6,041.7
Margin murabahah 872.3 695.2 862.1 1,195.2 1,482.9
Finance leases 35.6 36.7 31.6 68.2 147.9
Other 2,079.1 1,625.7 1,964.4 1,703.4 1,835.4
Total Income 11,337.7 9,434.7 8,653.1 8,340.4 9,507.9
RELEVANT FINANCIAL RATIOS & OTHER INFORMATION
Description 2019 2020 2021 2022 2023
Relevant Financial Ratios
Return on asset (ROA)*) 8.7% 4.6% 6.3% 8.6% 8.6%
Return on equity (ROE)*) 29.1% 13.3% 14.7% 17.4% 18.7%
Net income (loss) to income ratio 18.6% 10.9% 14.0% 19.3% 20.4%
Non-performing financing/NPF (including joint 1.8% 2.0% 2.3% 1.7% 1.9%
financing)
Borrowing, bonds – net & mudharabah 0.7 0.6 0.5 0.4 0.5
Bonds/total assets (x)
Gearing ratio (x) 2.8 2.1 1.2 1.0 1.5
Financing to asset ratio 85.2% 78.2% 85.4% 89.0% 89.2%
Current ratio (x) 1.2 1.5 1.4 1.3 1.3
Liability to equity ratio (x) 3.3 2.6 1.7 1.5 1.8
Liability to asset ratio (x) 0.8 0.7 0.6 0.6 0.6
Other Information
Net working capital (IDR billion) 8,078.7 8,010.4 8,946.4 10,032.4 11,112.2
Outstanding shares (million shares) 1,000.0 1,000.0 1,000.0 1,000.0 1,000.0
Cash dividend per share (full Rupiah amount) on the 908.0 1,054.5 513.0 607.0 803.0
previous year’s net income
Number of active customers (thousand) 2,910.2 2,298.6 1,892.0 1,743.0 1,986.1
Number of business networks (including sharia 453 416 440 459 466
branches)
Number of employees**) 17,677 16,425 17,093 17,301 17,243
Remarks:
*) The ratio is in accordance with the provisions of the Financial Services Authority (OJK)
**) Including the Board of Directors
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 18
STOCK HIGHLIGHTS
ADIRA FINANCE STOCK HIGHLIGHTS
PT Adira Dinamika Multi Finance Tbk listed its shares on the Indonesia Stock Exchange (IDX) (formerly the
Jakarta Stock Exchange and Surabaya Stock Exchange) with the stock code ADMF. In 2023, the number of
outstanding shares was recorded at 1,000,000,000, with the lowest share price range of IDR8,700 per share
and the highest at IDR12,400 per share.
In 2023, the average transaction volume was recorded at 2.4 million share transactions per month. The
number of transactions is relatively low when compared to other companies' shares. This is due to the fact
that there are only 79.3 million ADMF outstanding shares, with the remainder being dominated by ADMF
investors or shareholders who prefer long-term investments.
In 2023, monthly ADMF stock trading transactions were as follows:
Price/Share (IDR) Outstanding Share in Regular Market
Total Listed
Market
Share
Month Trading Volume Value Capitalization
Opening Highest Lowest Closing Frequency (Number of
(Thousand Unit (IDR (IDR Billion)
(IDR) (IDR) (IDR) (IDR) (X) Shares)
Share) Million)
January 9,000 9,450 8,700 9,425 1,460 13,144 2,104 1,000,000,000 9,425
February 9,425 10,500 9,200 9,950 1,477 14,565 1,477 1,000,000,000 9,950
March 9,950 10,325 9,625 10,250 1,463 14,658 2,365 1,000,000,000 10,250
April 10,300 10,850 9,850 10,125 3,309 34,326 4,322 1,000,000,000 10,125
May 10,150 10,425 10,000 10,250 1,498 15,253 2,575 1,000,000,000 10,250
June 10,000 12,400 10,000 11,375 3,392 37,833 3,358 1,000,000,000 11,375
July 11,375 13,250 10,700 12,100 5,898 70,584 8,535 1,000,000,000 12,100
August 12,100 12,325 11,255 11,250 1,704 19,787 3,287 1,000,000,000 11,250
September 11,300 11,375 10,400 10,525 2,821 30,676 4,852 1,000,000,000 10,525
October 10,425 11,475 10,175 10,425 2,270 23,902 3,612 1,000,000,000 10,425
November 10,625 11,100 10,325 10,700 2,002 21,286 2,075 1,000,000,000 10,700
December 10,700 11,300 10,400 10,950 1,697 18,068 2,165 1,000,000,000 10,950
14
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
SUMMARY OF QUARTERLY STOCK TRADING 2019-2023
Price/Share (IDR) Total
Outstanding Transaction Market
Year Quarter Share Volume Capitalization
Opening Highest Lowest Closing
(number of (Unit share) (IDR Billion)
(IDR) (IDR) (IDR) (IDR)
share)
2019 I 9,100 11,175 8,600 10,900 1,000,000,000 13,427,000 10,900
II 9,100 11,000 9,525 9,850 1,000,000,000 24,610,000 9,850
III 9,100 11,150 9,775 10,600 1,000,000,000 37,781,000 10,600
IV 9,100 10,800 10,125 10,400 1,000,000,000 12,882,800 10,400
2020 I 10,400 10,450 6,400 7,175 1,000,000,000 12,247,000 7,175
II 10,400 10,450 5,450 7,200 1,000,000,000 38,799,000 7,200
III 10,400 10,450 5,450 7,225 1,000,000,000 46,261,000 7,225
IV 10,400 10,450 5,450 8,975 1,000,000,000 53,711,000 8,975
2021 I 8,975 8,900 8,300 8,325 1,000,000,000 11,282,000 8,325
II 8,975 9,150 7,875 8,175 1,000,000,000 16,679,000 8,175
III 8,975 9,150 7,500 7,700 1,000,000,000 25,520,000 7,700
IV 8,975 9,150 7,500 7,700 1,000,000,000 34,618,000 7,700
2022 I 7,700 8,650 7,525 8,575 1,000,000,000 10,254,000 8,575
II 7,700 8,875 7,525 8,025 1,000,000,000 24,952,000 8,025
III 7,700 8,875 7,525 8,300 1,000,000,000 31,235,000 8,300
IV 7,700 9,850 7,525 9,000 1,000,000,000 37,795,000 9,000
2023 I 9,000 10,500 8,700 10,250 1,000,000,000 4,406,000 10,250
II 10,250 12,400 8,700 11,375 1,000,000,000 8,212,000 11,375
III 11,375 11,250 8,700 10,525 1,000,000,000 23,069,000 10,525
IV 10,525 11,475 10,175 10,950 1,000,000,000 29,083,000 10,950
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 20
ADMF STOCK TRADING CHART FOR 2022 AND 2023
Daily Total Transaction
Price/Share (Thousand Shares)
stock listed at IDX
(IDR) Share Price (IDR) Total Transaction (Thousand Shares)
14,000 1,600
12,000 1,400
1,200
10,000
1,000
8,000
800
6,000
600
4,000
400
2,000
200
0 0
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
CORPORATE ACTION
In 2023 and 2022, the Company did not engage in corporate actions such as stock splits, reverse stock,
stock dividends, bonus shares, or changes in the nominal value of shares.
SUSPENSION AND/OR DELISTING
In 2023 and 2022, Adira Finance did not experience a temporary suspension of share trading (suspension)
or delisting of shares from the Stock Exchange.
16
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
OVERVIEW OF BONDS AND
MUDHARABAH BONDS
Adira Finance actively issues bonds and mudharabah bonds on the Indonesia Stock Exchange as part of
its funding strategy. The following table summarizes the bonds and mudharabah bonds that are still in
circulation at the end of 2021, 2022, and 2023.
THE COMPANY’S OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF
DECEMBER 31, 2021
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2020 2021
Billion) Ratio Date
(IDR Billion)
Adira Finance C 241 8.90% 60 June 25, March 22, 21 241 id
AAA id
AAA
Continuing Month 2015 2022
Bonds III Phase V
Adira Finance C 68 8.40% 60 June 25, July 14, 2022 6 68 id
AAA id
AAA
Continuing Month 2015
Bonds III Phase VI
Adira Finance C 91 7.55% 60 December December 12, 7 91 id
AAA id
AAA
Continuing Month 4, 2017 2022
Bonds IV Phase I
Adira Finance D 162 7.50% 60 December March 21, 2023 12 162 id
AAA id
AAA
Continuing Month 4, 2017
Bonds IV Phase II
Adira Finance D 268 9.00% 48 December August 16, 24 268 id
AAA id
AAA
Continuing Month 4, 2017 2022
Bonds IV Phase III
E 461 9.25% 60 August 16, 43 461 id
AAA id
AAA
Month 2023
Adira Finance B 58 9.00% 36 Month December January 23, 5 58 id
AAA id
AAA
Continuing 4, 2017 2022
Bonds IV Phase IV
C 328 9.50% 60 January 23, 31 328 id
AAA id
AAA
Month 2024
Adira Finance B 287 8.60% 36 Month December April 16, 2022 25 287 id
AAA id
AAA
Continuing 4, 2017
Bonds IV Phase V C 608 9.15% 60 April 16, 2024 56 608 id
AAA id
AAA
Month
Adira Finance B 703 7.80% 36 Month December October 4, 55 703 id
AAA id
AAA
Continuing 4, 2017 2022
Bonds IV Phase VI
C 190 8.10% 60 October 4, 15 190 id
AAA id
AAA
Month 2024
Adira Finance B 816 7.90% 36 Month June 30, July 7, 2023 64 816 id
AAA id
AAA
Continuing 2020
Bonds V Phase I
Adira Finance A 559 4.25% 30 Day June 30, August 3, 6 559 id
AAA id
AAA
Continuing 2020 2022
Bonds V Phase II
B 741 5.50% 36Month July 23, 2024 10 741 id
AAA id
AAA
Adira Finance C 7 74.17% 60 June 25, March 22, 1 7 id
AAA(sy) id
AAA(sy)
Continuing (equivalent Month 2015 2022
Mudharabah to 8.90% per
Bonds II Phase III year)
Adira Finance C 55 62.92% 60 December December 12, 4 55 id
AAA(sy) id
AAA(sy)
Continuing (equivalent to Month 4, 2017 2022
Mudharabah Bonds 7.55% per year)
III Phase I
Adira Finance C 29 62.50% 60 December March 21, 2023 2 29 id
AAA(sy) id
AAA(sy)
Continuing (equivalent to Month 4, 2017
Mudharabah Bonds 7.50% per year)
III Phase II
17
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 22
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2020 2021
Billion) Ratio Date
(IDR Billion)
Adira Finance B 55 75.00% 36 Month December January 23, 5 55 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent 4, 2017 2022
Mudharabah to 9.00% per
Bonds III Phase III year)
C 32 79.17% 60 January 23, 3 32 AAA(sy)
id
AAA(sy)
id
(equivalent Month 2024
to 9.50% per
year)
Adira Finance B 10 71.67% 36 Month December April 16, 2022 1 10 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent 4, 2017
Mudharabah to 8.60% per
Bonds III Phase IV year)
C 14 76.25% 60 April 16, 2024 1 14 AAA(sy)
id
AAA(sy)
id
(equivalent to Month
9.15% per year)
Adira Finance A 134 35.42% 370 Day June 30, August 3, 1 134 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent 2020 2022
Mudharabah to 4.25% per
Bonds IV Phase II year)
B 66 45.83% 36 Month July 23, 2024 1 66 AAA(sy)
id
AAA(sy)
id
(equivalent to
5.50% per year)
Total Debt Securities & Mudharabah Bonds as of December 31, 2021 5,983
THE COMPANY’S OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF
DECEMBER 31, 2022
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2021 2022
Billion) Ratio Date
(IDR Billion)
Adira Finance D 162 7.50% 60 December March 21, 2023 12 162 id
AAA id
AAA
Continuing Month 4, 2017
Bonds IV Phase II
Adira Finance E 461 9.25% 60 December August 16, 43 461 id
AAA id
AAA
Continuing Month 4, 2017 2023
Bonds IV Phase III
Adira Finance C 328 9.50% 60 December January 23, 31 328 id
AAA id
AAA
Continuing Month 4, 2017 2024
Bonds IV Phase IV
Adira Finance C 608 9.15% 60 December April 16, 2024 56 608 id
AAA id
AAA
Continuing Month 4, 2017
Bonds IV Phase V
Adira Finance C 190 8.10% 60 December October 4, 15 190 id
AAA id
AAA
Continuing Month 4, 2017 2024
Bonds IV Phase VI
Adira Finance B 816 7.90% 36 Month June 30, July 7, 2023 64 816 id
AAA id
AAA
Continuing 2020
Bonds V Phase I
Adira Finance B 741 5.50% 36 Month June 30, July 23, 2024 41 741 id
AAA id
AAA
Continuing 2020
Bonds V Phase II
Adira Finance A 620 3.50% 370 Day June 30, April 2. 2023 16 620 id
AAA id
AAA
Continuing 2020
Bonds V Phase III
B 830 5.60% 36 Month June 30, March 22, 35 830 id
AAA id
AAA
2020 2025
C 250 6.25% 60 June 30, March 22, 12 250 id
AAA id
AAA
Month 2020 2027
Adira Finance C 29 62.50% 60 December March 21, 2023 2 29 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent to Month 4, 2017
Mudharabah Bonds 7.50% per year)
III Phase II
Adira Finance C 32 79.17% 60 December January 23, 3 32 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent to Month 4, 2017 2024
Mudharabah 9.50% per year)
Bonds III
Phase III
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2021 2022
Billion) Ratio Date
(IDR Billion)
Adira Finance C 14 76.25% 60 December April 16, 2024 1 14 id
AAA(sy) id
AAA(sy)
Continuing (equivalent to Month 4, 2017
Mudharabah 9.15% per year)
Bonds III
Phase IV
Adira Finance B 66 45.83% 36 Month June 30, July 23, 2024 4 66 id
AAA(sy) id
AAA(sy)
Continuing (equivalent to 2020
Mudharabah 5.50% per year)
Bonds IV
Phase II
Adira Finance A 153 29.17% 370 Day June 30, April 2, 2023 4 153 id
AAA(sy) id
AAA(sy)
Continuing (equivalent to 2020
Mudharabah 3.50% per year)
Bonds IV
Phase III
B 49 46.67% 36 Month June 30, March 22, 2 49 id
AAA(sy) id
AAA(sy)
(equivalent to 2020v 2025
5.60% per year)
C 98 52.08% 60 June 30, March 22, 5 98 id
AAA(sy) id
AAA(sy)
(equivalent to Month 2020 2027
6.25% per year)
Total Debt Securities & Mudharabah Bonds as of December 31, 2022 5,447
THE COMPANY’S OUTSTANDING BONDS AND MUDHARABAH BONDS AS OF
DECEMBER 31, 2023
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2022 2023
Billion) Ratio Date
(IDR Billion)
Adira Finance C 328 9.50% 60 December January 23, 31 328 id
AAA id
AAA
Continuing Month 4, 2017 2024
Bonds IV Phase IV
Adira Finance C 608 9.15% 60 December April 16, 2024 56 608 id
AAA id
AAA
Continuing Month 4, 2017
Bonds IV Phase V
Adira Finance C 190 8.10% 60 December October 4, 15 190 id
AAA id
AAA
Continuing Month 4, 2017 2024
Bonds IV Phase VI
Adira Finance B 741 5.50% 36 Month June 30, July 23, 2024 41 741 id
AAA id
AAA
Continuing 2020
Bonds V Phase II
Adira Finance B 830 5.60% 36 Month June 30, March 22, 46 830 id
AAA id
AAA
Continuing 2020 2025
Bonds V Phase III
C 250 6.25% 60 June 30, March 22, 16 250 id
AAA id
AAA
Month 2020 2027
Adira Finance A 405 5.50% 370 Day June 27, July 17, 2024 6 405 - id
AAA
Continuing 2023
Bonds VI Phase I
B 410 6.00% 36 Month June 27, July 7, 2026 6 410 - id
AAA
2023
C 885 6.25% 60 June 27, July 7, 2028 14 885 - id
AAA
Month 2023
Adira Finance A 835 6.15% 370 Day June 27, November 19, - 835 - id
AAA
Continuing 2023 2024
Bonds VI Phase II
B 385 6.50% 36 Month June 27, November 9, - 385 - id
AAA
2023 2024
C 30 6.55% 60 June 27, November 9, - 30 - id
AAA
Month 2023 2028
Adira Finance C 32 79.17% 60 December January 23, 3 32 id
AAA(sy) id
AAA(sy)
Continuing (equivalent Month 4, 2017 2024
Mudharabah Bonds to 9.50% per
III Phase III year)
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 24
Coupon/ Bonds Rating
Principal Interest Principal
Profit Outstanding
Name of Bonds and Amount Rate/Profit Effective Settlement
Series Term Sharing Principal
Mudharabah Bonds (IDR Sharing Date Maturity
Payment (IDR Billion) 2022 2023
Billion) Ratio Date
(IDR Billion)
Adira Finance C 14 76.25% 60 December April 16, 2024 1 14 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent to Month 4, 2017
Mudharabah Bonds 9.15% per year)
III Phase IV
Adira Finance B 66 45.83% 36 Month June 30, July 23, 2024 4 66 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent to 2020
Mudharabah Bonds 5.50% per year)
IV Phase II
Adira Finance B 49 46.67% 36 Month June 30, March 22, 3 49 AAA(sy)
id
AAA(sy)
id
Continuing (equivalent 2020 2025
Mudharabah Bonds to 5.60% per
IV Phase III year)
C 98 52.08% 60 June 30, March 22, 6 98 AAA(sy)
id
AAA(sy)
id
(equivalent to Month 2020 2027
6.25% per year)
Adira Finance A 64 45.83% 370 Day June 27, July 17, 2024 1 64 -
AAA(sy)
id
Continuing (equivalent to 2023
Mudharabah Bonds 5.50% per year)
V Phase I
B 141 50.00% 36 Month June 27, July 7, 2026 2 141 -
AAA(sy)
id
(equivalent 2023
to 6.00% per
year)
C 95 52.08% 60 June 27, July 7, 2028 1 95 -
AAA(sy)
id
(equivalent to Month 2023
6.25% per year)
Adira Finance A 251 51.25% 370 Day June 27, November 19, - 251 -
AAA(sy)
id
Continuing (equivalent to 2023 2024
Mudharabah Bonds 6.15% per year)
V Phase II
B 49 54.17% 36 Month June 27, November 9, - 49 -
AAA(sy)
id
(equivalent 2023 2026
to 6.50% per
year)
C 0.10 54.58% 60 June 27, November 9, - 0.10 -
AAA(sy)
id
(equivalent to Month 2023 2028
6.55% per year)
Total Debt Securities & Mudharabah Bonds as of December 31, 2022 6,756
CONVERSION BONDS SUMMARY
In 2023 and 2022, Adira Finance did not issue convertible bonds; thus the Company has no information
regarding convertible bonds.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
21
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 26
2023 KEY
PERFORMANCE
17.2
Total
thousand
466
Employees
ADMF’s of
Business Networks
2.0
(Including Sharia
Branches)
million
Active
Consumers
throughout
Indonesia
9.7% 5.0%
New Car
Market Share
New Motorcycle
Market Share
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Page 27
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
SUSTAINABILITY
PERFORMANCE HIGHLIGHTS [SEOJK B.1] [SEOJK B.2] [SEOJK B.3]
SOCIAL ASPECT
17,243 1,698 175,264 IDR80.2
participants
people people billion
Employee
participants at Investment for
Total Adira Finance New employee training
employees recruits learning events
and development and development
ECONOMIC ASPECT ENVIRONMENTAL ASPECTS
Number of registered Number of Trees
customers at Adiraku planted
1.4 million 2,620 tress
Overall score of Corporate
Emission produced by
Governance implementation
the Company
C02 1,089,921.18
98.20 Kg CO2 eq
Number of customers around of Reduction
2.0
in paper usage
million
24,627 rim
Number of downloaded
Total Debt
Adiraku Total Energy used
6,534,378.00
5.1 million
billion Megajoule
23
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 28
2023 HIGHLIGHTS
EVENT
10 February 13 March
Media Update on Adira Sahabat Gardira Award
Finance’s Financial A series of events for
Performance 2022 Gardira, including the BSSA
Press conference concerning Competition, AFI, Best
Adira Finance’s financial Employee, and HO Friend
performance in 2022. Competition.
5 January
2 March
New Year Lunch with Media
Publication activities to Danamon-Adira 2023
the media regarding the Booster Vaccine
achievements in 2022 and Danamon and Adira Finance
strategies for 2023. collaborated to organize a
booster vaccination center,
partnership with Good
Doctor. This vaccination
center is not only for
employees, their families, and
associates of Bank Danamon
Indonesia and Adira Finance
but also for the general
public.
4 April 20 April
AGMS 2023 Kembali Seru Bersama
Regular forum events held (KURMA) Mudik Bareng
every year with shareholders Adira Finance
in important decision A Corporate Social
making. Responsibility program
that provides free trips for
1,000 people for the mudik
20 July 4 April (homecoming) journey to
several destinations.
Iftar with the Media
Iftar with media friends is
Adira Finance Signed a
held to strengthen ties with
Social Loan Facility with
media friends during the
MUFG Bank, Ltd Jakarta
month of Ramadan.
Branch
Proceeds from the Social
Loans will be used by
Adira Finance to provides
microfinancing to self-
employed entrepreneur
(UMKM) within the unbanked
and underserved segment
for the purchase of vehicles,
multipurpose loan and
durable goods essential to
their business operations.
mereka.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 29
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
27 June
Media Gathering Jakarta
Fair Kemayoran 2023
The JFK 2023 Media
Gathering discusses the
activities and promotions
that will be present at the
25 June Jakarta Fair Kemayoran 2023
18 June Gathering with Adira
event.
20 July
Finance (watching MotoGP)
Gathering with Adira Batch 2 DXPO by Danamon
Finance (watching MotoGP) An event for fostering DXPO is an event celebrating
Batch 1 relationships among various the Anniversary of Bank
An event for fostering elements of Adira Finance, Danamon Indonesia.
relationships among various including customers, dealer
elements of Adira Finance, partners, Gardira, and Media
including customers, dealer Friends. This event is held
partners, Gardira, and Media in 20 cities across Adira
Friends. This event is held Finance’s business regions in
in 20 cities across Adira four batches.
Finance’s business regions in
four batches.
9 May 4-6 August 6 August
Halal Bihalal and Watching Adira Festival Medan Gathering with Adira
Movie Together with Media Adira Festival is a Finance (watching MotoGP)
Halal Bihalal and Watching collaborative event Batch 3
Movie Together with Media between business, CSR, and An event for fostering
is an engagement event entertainment. It is also relationships among various
involving watching movies at held to celebrate the 33rd elements of Adira Finance,
the cinema and discussing anniversary of Adira Finance. including customers, dealer
the programs to be Medan was the first city to partners, Gardira, and Media
introduced throughout 2023. host the Adira Festival 2023 Friends. This event is held
11 August
event at Lapangan Benteng, in 20 cities across Adira
Medan. Finance’s business regions in
four batches.
Media Update on Adira
Finance’s Financial
Performance for the First
Half of the Year 2023
Media Update 1st Semester
Financial Performance, is an
event that discusses financial
achievements during the 1st
semester.
25
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 30
2023
EVENT HIGHLIGHTS
20 August 4 September
Gathering with Adira National Customer Day
Finance (watching MotoGP) National Customer Day
Batch 4 (Harpelnas) is an event held
An event for fostering to appreciate all customers
relationships among various in Indonesia, especially Adira
elements of Adira Finance, Finance’s customers.
including customers, dealer
partners, Gardira, and Media 8-10 September 18 September
Friends. This event is held
in 20 cities across Adira Adira Festival Surabaya IICD Corporate Governance
Finance’s business regions in Adira Festival is a Award
four batches. collaborative event Adira Finance obtained 14th
between business, CSR, and IICD Corporate Governance
entertainment. It is also Award 2023. Nominees for
held to celebrate the 33rd Top 50 Issuers with Medium
anniversary of Adira Finance. Capitalization (Mid Cap PLCs).
Surabaya was the second city
to host the Adira Festival 2023
event at Bumi Marinir Karang
Pilang.
26 October 1 November
Synergy between Adira Media Update on Adira
Finance and Zurich Asuransi Finance’s Q3 Financial
Indonesia Performance in 2023
Adira Finance and Zurich The Q3 Financial
Indonesia held a Press Performance Media Update,
Conference at Mason discussing Adira Finance’s
Pine Hotel, Kota Baru achievements during the
Parahyangan, Bandung, third quarter of 2023.
2 October West Java, on Thursday,
October 26, 2023. This event
marks the synergy built over
Home Credit Indonesia
Acquisition
On October 2, 2023, Adira
5 years between the two
companies and highlights 10-13 November
achievements in protecting
Finance completed HCI share
2.7 million customers in the Adira Finance Goes to
purchase transaction by
microinsurance category. MotoGP Sepang
signing the Deed of Transfer
of HCI Shares, in which case An appreciation program
Adira Finance only became a that invites customers to
minority shareholder (9.83%). watch the MotoGP at Sepang
Circuit, Malaysia.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
6-8 October
Adira Festival Yogyakarta
Adira Festival is a
collaborative event
between business, CSR, and
entertainment. It is also
held to celebrate the 33rd
anniversary of Adira Finance.
17-19 November
Yogyakarta was the third city
to host the Adira Festival 2023
13-16 October
event at Stadion Mandala
Adira Festival Jabodetabek Krida.
Adira Festival is a collaborative
event between business, Adira Finance Goes to
CSR, and entertainment. It is MotoGP Mandalika
also held to celebrate the 33rd An appreciation program
anniversary of Adira Finance. inviting customers to watch
The Jabodetabek area was the MotoGP at Mandalika,
the culmination of the Adira Lombok. Approximately 300
Festival as it coincided with selected customers attended
Adira Finance’s anniversary the event.
date. This event took place
at Transera Waterpark Kota
Bekasi, becoming the fourth
city to host the Adira Festival
2023.
17 October 8-10 December
DoctorShare Floating Adira Festival Makassar
Hospital Medical Service Adira Festival is a
Support collaborative event
Medical Service Assistance by between business, CSR, and
RS Apung Doctor Share is a entertainment. It is also
CSR activity in collaboration held to celebrate the 33rd
with the Dokter Peduli anniversary of Adira Finance.
Foundation, providing free Makassar was the final city to
medical services. This activity
took place on Karimun Jawa 22 November host the Adira Festival 2023
event at Phinis Point Mall
Island, Central Java. Kota Makassar.
GIIAS Bandung 2023
Adira Finance supported
the Gaikindo Indonesia
International Auto Show
(GIIAS) Bandung 2023 as part
of its commitment to drive
the growth of the automotive
ecosystem.
27
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 32
AWARDS
January 26 January 26 January 26
Indonesia GCG Award-VII-2023. Indonesia Risk Management Indonesia Finance Award-V-2023.
1st The Best Indonesia GCG-2023. Award-V-2023. 2nd The Best 2nd. The Best Indonesian Finance
Category: Multifinance (Assets Indonesia Enterprises Risk - 2023, Category: Multifinance
IDR20T-30T) – Public Company Management – 2023. Category: (Asset IDR20T-30T) - Public
Multifinance (Assets IDR20T-30T) Company
– Public Company
February 17
3rd Indonesia Syariah Award 2023.
Top Full Branch Sharia in the
Multifinance category
February 24 March 10
Indonesian Public Relations Marketeers Youth Choice Award.
Award 2023. Best Public Silver Winner Leasing Company
Relations in Company Activities
in Strengthening Multifinance
Business Equality Systems
through Collaboration
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March 30 April 12 April 12
Indonesian Human Resources 12 Infobank Digital Brand
th
12th Infobank Digital Brand
Awards 2023, Multi finance Recognition 2023. The Best Recognition 2023. The 2nd Best
Category. The Best HR Leaders Personal Digital Brand - Asset Financing Company of
Management for Digital 2023 – Bpk. I Dewa Made Susila IDR10 Trillion and Above
Transformation and a Superior (President Director of Adira
Culture to Maintain and Improve Dinamika Multi Finance)
the Quality of HR Performance
May 11 May 11
April 12
WOW Brand Awards 2023. 2 nd
WOW Brand Awards 2023. 3rd
12th Infobank Digital Brand place in Motorcycle Leasing place in Multipurpose Loans
Recognition 2023. The 3rd
Highest Digital Index - Financing
Companies
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May 31 May 31 May 31
Indonesia Financial Top Leader Ranked 1st in the Indonesia Ranked 1st in the Indonesia
Awards 2023, Asset Category Customer Service Quality Award Customer Service Quality Award
IDR10T-30T. Mr. I Dewa Made (ICSQA) 2023, with the predicate (ICSQA) 2023, with the predicate
Susila as the Best Leader in “Excellent” Car Financing “Very Good” in the Motorcycle
Accelerating Sustainability Category Financing Category
Through Providing Reliable
Financing Service Solutions
May 31 July 6 July 6
Indonesia Customer Service The Best Performance Multi 4th Corporate Reputation
Quality Award (ICSQA) 2023, finance Company at the Awards 2023 at Indonesia Most
with the predicate “Very Good” Indonesia CSR Awards 2023, with Acclaimed Companies Awards
in the Household Electronics & the predicate “Very Good” in the 2023. Multifinance Category >
Furniture Financing Category Asset category > IDR10 trillion IDR15T
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August 30 August 30 August 31
TrenAsia ESG Award 2023 in the Indonesia Best Business Indonesia Best Multi finance
Multi finance Action Category Transformation Award 2023. Awards 2023. Prestigious Multi
Excellent finance Indonesia 2023 with
Superior Financial Performance
and Providing Easier Access to
Financing Solutions
September 15 September 18 October 19
Indonesia Most Reputable 14 IICD Corporate Governance
th Top Human Capital Awards 2023.
Companies Award 2023 with Award 2023. Nominees for Mrs. Swandajani Gunadi - Human
the predicate “Good” in the Top 50 Issuers with Medium Capital & Marketing Director: The
Multifinance Category Capitalization (Mid Cap PLCs) High Performing Human Capital
Director 2023
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October 19 October 27 November 8
Mr. I Dewa Made Susila: The Indonesia Finance Award - VI – Stellar Workplace Award 2023.
Most Committed Human Capital 2023. The Best Indonesia Finance Top 5 Stellar Workplace Program
Leader 2023 for Multifinance “Multifinance in Social Era 5.0
Company” 2023 Platinum Award
(A) Very Excellent - Category:
Assets IDR20T-30T
November 27
Best 50 Financial Institution
Awards 2023. Best Customer
Service Reputation Multifinance
> IDR20T Category. From the
November 8 November 8 Iconomics
Stellar Workplace Award 2023. Stellar Workplace Award 2023.
Stellar Workplace Recognition in Stellar Workplace Recognition in
Employee Commitment Employee Satisfaction.
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November 29 December 5 December 7
Indonesia Best Digital Finance Infobank Top 100 CEO & The Next Public Company Entrepreneurial
Awards 2023. From Warta Leader 200 Leader. Mr. I Dewa Marketing Awards 2023, from
Economist, Best Digital Finance Made Susila as one of the TOP 100 Markplus.inc. Premium Issuer
in Providing Various Innovative CEOs 2023 in the Consumer Financing
and Practical Features (Category category
total assets IDR10T-30T)
December 8
The Best IT for Public Company
2023 at Indonesia Information
Technology Award - V – 2023 from
the Economic Review. Platinum
Award (A) Very Excellent - Score : December 13
93.50 - Category: Multifinance Indonesia Best Brand Award
2023 from SWA. Car Ownership
Credit - Adira Finance (Platinum
Predicate)
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01
MANAGEMENT
REPORT
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Daisuke Ejima
President Commissioner
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REPORT FROM
BOARD OF COMMISSIONER [SEOJK D.1][GRI 2-22]
Valued Shareholders and Stakeholders,
Looking back at 2023, we report that Adira Finance’s post-
pandemic recovery has made good progress, as reflected
by the Company’s asset growth and improved profitability
despite the emergence of new challenges.
In accordance with our supervisory role, the Board of
Commissioners prioritized supervision of the execution of
various management strategies and efforts during the year.
In our evaluation, the successful execution of key strategies,
prudent risk management, and good corporate governance
were critical to the Company’s achievements, as discussed
further in this report.
MACROECONOMIC CONDITIONS IN 2023
The global macro economy faced various challenges in 2023.
The Russia-Ukraine conflict, surging inflation, and aggressive
rate hikes by the United States Federal Reserve and other
major central banks weighed down the post-pandemic
recovery process.
Adira Finance’s
The Fed raised its benchmark interest rate four times to post-pandemic
5.25%-5.50% during 2023. As a result, this put pressure on
emerging markets including Indonesia, and also drove up
recovery continued
the cost of funds globally. In Indonesia, proactive measures to accelerate in 2023.
by Bank Indonesia, including a benchmark rate increase to
Leveraging synergy
6%, successfully maintained the financial stability of the
Indonesian system. and collaboration with
Bank Danamon as the
Indonesia’s economic growth of 5.05% also exceeded the
parent company and
average global growth of 3.0% according to the International
Monetary Fund, in line with the recovering domestic the MUFG ecosystem,
demand which was able to boost growth. Economic activity the management to
and mobility normalized further, which helped bolster the
economy and increase consumer purchasing power, as did
record sound asset and
rising Foreign Direct Investment (FDI). profitability growth
in 2023. Customer
trust and satisfaction
were key external
factors behind the
achievement the
Company’s growth.
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Full-year inflation was maintained, with the help of Growth was driven by both organic and inorganic
government energy subsidies at 2.61%, within the means. Organically, we continued to innovate and
target corridor. In addition, Indonesia successfully launch new customer and dealer marketing and
maintained a sizeable trade surplus, which helped loyalty programs, which were able to meaningfully
strengthen the currency. As of December 31, 2023, increase direct customer acquisition and retention
the Rupiah closed at Rp15,416 against the US Dollar for both automotive and non-automotive
vs. the previous year’s close of Rp15,731. financing. This was supported by diversified
offerings, as well as collaboration and synergies
ASSESSMENT OF THE PERFORMANCE OF with Bank Danamon and MUFG Group. Adira
THE BOARD OF DIRECTORS Finance also participated in various high-visibility
In line with the improving economic climate in national events to strengthen brand awareness
Indonesia, based on Association of Indonesia and attract new customers. The expansion into
Motorcycle Industry data, industry sales of new non-automotive products including multipurpose
motorcycles recorded growth of 19.4% (yoy) to loans and durables continued, successfully
6.2 million units in 2023. Meanwhile, based on growing by 29.1% (yoy) to IDR8.0 trillion in 2023.
data from the Indonesian Automotive Industry
Association (Gaikindo), the sales of new cars in As such, Adira Finance successfully recorded new
the industry was still experiencing a year-on-year financing growth of 31.2% (yoy) to IDR41.6 trillion,
decline of 4.1% (yoy) to 1.0 million units. However, on the back of strong growth in both automotive
the opportunity to expand car sales in the future is and non-automotive. In automotive financing,
considerable, considering the still low penetration Adira Finance regained market share with new
of cars. motorcycles sales reaching 602 thousand units
and new car unit sales reaching 50 thousand
In the view of the Board of Commissioners, units, translating to 9.7% and 5.0% market share
the Board of Directors performed well in 2023, respectively. In the non-automotive segment, the
successfully overcoming multiple challenges Company successfully expanded its offerings in
to lead Adira Finance to record sound asset the form of multipurpose loans and durables.
and profitability growth. Customer trust and
satisfaction with Adira Finance were key external In addition, new sharia-based financing increased
factors behind the achievement of above industry- by 33.8% to IDR8.9 trillion in 2023, showing that
average growth. the Company’s strategy to promote and market
sharia products through sharia business channel
The management also successfully carried out networks and channel sales in the shariah
its strategic objectives of enhancing automotive community has been successful.
and non-automotive growth. In addition, Adira
Finance has also taken initiatives to enhance Inorganic growth was pursued as part of the
customer retention by introducing a range of more strategy to further develop the Company’s non-
comprehensive products through collaboration automotive business and accelerate scale-up of
with the MUFG ecosystem. At the same time, the business. To this end, Adira Finance completed
the Company maintained the sustainability and the acquisition of 9.83% share ownership of PT
stability of its business through prudent risk Home Credit Indonesia (HCI) in the third quarter of
management to consistently maintain asset 2023 together with Krungsri Bank (as the majority
quality and liquidity. On the sustainable finance shareholder). We expect this transaction can
and Environment, Social and Governance (ESG) help to deepen our strategic collaboration, thus
front, the Company also made measurable enabling us to reach a wider market as well as to
progress.
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strengthen our market presence in the country. Bank Danamon and MUFG group as well as Adira
In addition, Adira Finance is also in the process Finance’s financial and business performance,
of acquiring PT Mandala Finance (MFIN). This have positively impacted investor confidence
transaction is expected to enhance and expand in Adira Finance. Subsequently, Adira Finance
financial services in Indonesia through synergy successfully had two bonds issuance in 2023
and collaboration among the MUFG ecosystem. which were oversubscribed. This indicates that
Adira Finance continues to be a trusted name in
Digitalization of the Adira Finance ecosystem the investor market, as reflected by its strong and
continued to advance, with optimalization of sales stable credit ratings issued by Pefindo, Moody’s,
through digital applications and platforms such as and Fitch.
Adiraku, Momobil.id, Momotor.id, Moservice.id and
dicicilaja.com. Each of these digital platforms has As a result, Adira Finance successfully ended the
been continually enhanced for improved customer year with a net profit increase of 21.1% (yoy) to
experience and satisfaction. In combination, the IDR1.9 trillion in 2023, and was well positioned for
goal of having these diverse digital channels is future growth
to create a comprehensive digital ecosystem
together with Adira Finance’s physical branches SUPERVISION OF CORPORATE STRATEGY
that is able to increase engagement and retention The Board of Commissioners has consistently
by meeting consumers’ financing and vehicle monitored, supervised and advised the Board
needs at every stage. of Directors with regard to the achievement and
realization of Adira Finance’s strategy and targets.
In terms of ESG, the Company has partnered with Regular meetings, supplemented by additional
35 electric vehicles (EV) producers, supporting meetings and discussions as necessary, were held
Indonesia’s transition to clean energy. Furthermore, to review the formulation and execution of the
the Company had also signed a deal with MUFG Company’s strategies and policies. Throughout
and Bank Danamon for social loans facilities 2023, the Board of Commissioners held 7 internal
intended to advance microfinancing to MSME meetings, as well as 6 joint meetings with Directors.
entrepreneurs in untapped segments for vehicle
purchases, multipurpose loans and durable goods Throughout 2023, the Board of Commissioners
essential to their business operations. supervised the preparation and implementation
of the Company’s strategy and policies, included
Growth was accompanied by sustained healthy strengthening and regaining market share in
asset quality, which was driven by the steps taken the automotive business; diversifying into non-
by the Board of Directors. The Non Performing automotive products; strengthening customer
Finance (NPF) ratio was manageable at 1.9% in 2023. retention; accelerating the digitalization process
The management also successfully maintained within the organization and the ecosystem;
appropriate liquidity levels throughout the year, and maintaining adequate liquidity to fund the
supported by the management’s efforts to actively Company’s business needs and all of its financial
secured diversified funding sources, through good obligations.
joint financing support from Bank Danamon as
the parent company, as well as external funding The Board of Commissioners also supervised the
from both bank loans as well as bond issuance. continued implementation of Good Corporate
Furthermore, the Company’s strong domestic and Governance (GCG) including risk management,
international credit ratings, which reflect strong and the progress of the Company’s sustainability
shareholders support and business synergy with strategy as been set forth in Adira Finance’s
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Sustainability Action Plan (RAKB), all of which are In our view, the fundamental improvements
deemed important to the Company’s development. achieved by Adira Finance in 2023, which are
reflected by its asset and profitability growth, will
Overall, we believe that the Board of Directors has support continued growth for the Company in
effectively cascaded the corporate strategy of the 2024. Product and channel diversification will be
Company into policies and actions that have been further backed by strengthening collaboration
able to successfully recover market share and with Bank Danamon and other MUFG ecosystems,
position the organization for future growth. including Home Credit Indonesia. Meanwhile,
the Mandala Finance acquisition is expected
Going forward, the Board of Commissioners will to close sometime in 2024, which will further
continue to supervise the policies and strategy strengthen the Company’s reach. Together,
implemented by the Board of Directors, to ensure these developments will expand Adira Finance’s
that the management consistently applies ecosystem and enable it to offer a more diverse
disciplined risk management practices to achieve set of solutions for its customers which in turn will
sustainable growth. increase loyalty and retention.
PERSPECTIVE ON THE BUSINESS In terms of cost structure, the Company also goes
PROSPECTS PROPOSED BY THE BOARD into 2024 with efficiencies achieved through
OF DIRECTORS digitalization and HR reorganization, plus increased
The Board of Commissioners agrees with the productivity from product diversification and
management’s assessment that the conditions in cross-sell. Adequate liquidity and diversification
2024 are likely to be challenging, but that growth of funding sources continued to be well-balanced,
opportunities exist, especially with the expected as reflected by Adira Finance’s strong and stable
successful conclusion of the presidential and ratings.
general elections at the start of the year. In addition,
the Indonesian economy remains vulnerable to As Adira Finance continues to explore new
global trade disruptions, price fluctuations in its opportunities such as electric vehicle (EV) and
key commodity exports of coal and crude palm oil, MSME financing, we are therefore confident that
and further policy tightening among others. the Company has considerable room for growth.
As such, the Ministry of Finance predicts that In summary, the Board of Commissioners believes
growth for the Indonesian economy will continue that the Board of Directors has taken the right
to be stable at around 5.2%, supported by robust steps to position the Company for the challenges
household spending and by increased government ahead by prudently safeguarding the Company’s
spending. Inflation is also expected to stay under risk exposure and expanding its markets and
control. Thus, Gaikindo projects relatively stable offerings, supported by digitalization and rigorous
new car sales growth of 1.1 million units, while compliance practices.
AISI projects sales of new motorcycles reaching
6.2-6.5 million units, and APPI projects financing
receivables growth from multifinance companies
of 12-13% in 2024.
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EVALUATION OF CORPORATE Overall, Board of Commissioners is of the opinion
GOVERNANCE that the principles of good corporate governance
In the evaluation of the Board of Commissioners, continue to be satisfactorily implemented at Adira
Good Corporate Governance (GCG) was properly Finance, in line with the Company’s commitment
implemented and upheld during the year to building a business that is anchored by rigorous
throughout the Company’s operations. This was risk management and internal controls as
supported by comprehensive risk management safeguards for sustainable growth.
and internal control systems, as well as good
management by the Board of Directors with the MANAGEMENT OF THE
support of the Board of Commissioners and Sharia WHISTLEBLOWING SYSTEM
Supervisory Board. As part of GCG enforcement, Adira Finance has
established a Whistleblowing System (WBS)
To ensure the adequacy of risk identification, mechanism to serve as a channel for complaints
measurement, control, and monitoring processes, and reports of infringements. The implementation
Adira Finance follows the risk management of the WBS is directly supervised by the Board of
practices of Bank Danamon as the parent company. Commissioners with the assistance of the Audit
In addition, Adira Finance has also implemented Committee, and the Board of Commissioners
the Anti Money Laundering and Terrorist Financing provides advice to the Board of Directors as needed
(AML/TF) policies, as well as risk management and on improving the quality of WBS implementation.
governance policies related to the usage and role In 2023, a number of reports and cases were
of information technology (IT) in consideration communicated through the WBS, which were
of the Company’s digital transformation and the followed up in accordance with the applicable
growing role of IT in the organization’s operations. rules and regulations.
As such, the Company’s self-assessment of GCG, ASSESSMENT OF THE COMMITTEES
which was based on the Financial Health Level UNDER THE BOARD OF COMMISSIONERS
of Financing Companies following the direction In executing its supervisory duties, the Board
of the Financial Services Authority (Otoritas of Commissioners is assisted by a number of
Jasa Keuangan or OJK), resulted in a #1 rating, Committees, namely the Audit Committee, the
indicating exceptional GCG implementation. In Nomination and Remuneration Committee, the
addition, Adira Finance’s AMT-CML program once Risk Monitoring Committee, and the Governance
again received a “Good” score, providing further Committee.
confirmation of the quality of the Company’s
GCG practices. The Company’s ASEAN Corporate In 2023, all of these Committees performed
Governance Scorecard from the Indonesian their duties and responsibilities satisfactorily
Institute for Corporate Directorship (IICD), an and played an important role in supporting
independent third party, moreover categorized the Board of Commissioners to carry out its
Adira’s GCG practices as “Very Good”, with an supervisory function. This assessment is based on
overall weighted score of 98.20 compared with various criteria, which include the frequency of
the previous year’s score of 94.58. The Company meetings, meeting conduct, the level of meeting
was named among the Top 50 Mid Cap PLCs at attendance, the competence of the members,
the 14th IICD Corporate Governance Award 2023, performance achievements and the quality of the
a prestigious award organized by the Indonesian recommendations.
Institute for Corporate Directorship (IICD).
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The Audit Committee monitored and evaluated the In doing so, the Company strives to empower
planning and implementation of the Company’s communities and consumers in a sustainable
internal audits, and followed up on audit reports manner that will deliver long-term benefits for all
with regard to mitigatory actions. The Audit concerned. The goal is to be a leading multi-finance
Committee also evaluated and assessed the company that contributes to the achievement of
Company’s financial statements, forwarding any Sustainable Development Goals (SDGs) through
significant findings to the Board of Commissioners our aspirations, hopes, and goals for growth.
for further consideration.
In line the Company’s commitment to advancing
The Nomination and Remuneration Committee the SDGs, the Company has disbursed financing
identified and nominated new member to unbanked MSMEs (Micro, Small and Medium
candidates for the Board of Commissioners, Enterprises) as its contribution towards increasing
Board of Directors and the Sharia Supervisory financial inclusion, expanded its ESG initiatives and
Board, including determining the required criteria pushed to mitigate the Company’s environmental
and competencies. Additionally, this committee footprint on its surroundings
provided recommendations on remuneration
packages for the Board of Commissioners and the Under the first pillar of CSV, namely Sahabat Lokal
Board of Directors. (Local Best Friends), Adira Finance held various
initiatives to advance tourism, culture, local
The Risk Monitoring Committee assessed potential wisdom and Micro, Small and Medium Enterprises
risks related to financing activities, operations, (MSMEs). In 2023, the annual Adira Festival
credit and market developments. Furthermore, called “Festival Kreatif Lokal 2023” was held on a
this committee was tasked with evaluating any bigger scale in five cities nationwide, supporting
new regulatory policies and developments that local businesses and cultural activities as part of
may impact the Company’s business activities. connecting with communities.
The Governance Committee examined and Under the second pillar of CSV, Adira Peduli (Adira
evaluated the Company’s framework and policies Care), the Company engaged in providing social
pertaining to Good Corporate Governance and environmental assistance, including creating
(GCG) practices. This committee also ensured employee volunteering opportunities to carry out
that the GCG principles have been adequately environmental initiatives in collaboration with
implemented in the Company’s day-to-day Bank Danamon.
operations and activities.
Finally, under the third pillar of Mitra CSR Adira
SOCIAL AND ENVIRONMENTAL Finance (Adira Finance’s CSR Partners), the
RESPONSIBILITY Company continued to collaborate with partners
Adira Finance takes its social and environmental to provide health care and educational assistance.
responsibilities seriously. Throughout 2023, the
Company continued to create additional value Furthermore, the Company has taken various
and benefits for stakeholders through various measures to reduce waste and mitigate its carbon
corporate social responsibility and environmental emissions, towards reducing its environmental
programs, in alignment with its commitment to footprint for a more sustainable future.
Creating Shared Value (CSV).
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CHANGES TO THE COMPOSITION OF THE APPRECIATION & CLOSING REMARKS
BOARD OF COMMISSIONERS We are well aware that Adira Finance’s
At the Annual General Meeting of Shareholders achievements in 2023 would not have been
(AGMS) dated April 4, 2023, the shareholders possible without the support and confidence of
approved Mr. Yasushi Itagaki’s resignation as our stakeholders. In a dynamic and competitive
the Company’s President Commissioner with market, Adira Finance has successfully grown
gratitude for this service and dedication to the market share, strengthened its capabilities, and
Company. continued to delivers CSR contributions, while
expanding its sustainable finance practices.
The AGMS also approved the appointment of
Daisuke Ejima as the new Company’s President The Board of Commissioners wishes to express its
Commissioner, effective after passing the Fit and gratitude to the Board of Directors, as well as to the
Proper Test from OJK. management and all employees of the Company
(“Sahabat Gardira”), for their efforts to advance the
The current composition of the Board of Company. We also want to thank our shareholders,
Commissioners is as follows: regulators, business partners and dealers, as well
President Commissioner : Daisuke Ejima as stakeholder for their support and confidence.
Independent Commissioner : Krisna Wijaya Finally, we want to thank our valued customers
Independent Commissioner : Manggi Taruna Habir for the loyalty and trust. Thank you all for your
Commissioner : Eng Heng Nee Philip contribution to our success.
Commissioner : Congsin Congcar
Commissioner : Hafid Hadeli We are optimistic that Adira Finance will continue
to advance and overcome challenges through hard
On behalf of the Board of Commissioners, I would work and focused implementation of customer-
like to thank the shareholders for their trust and centric strategies to deliver sustainable value and
extend our appreciation to Mr. Yasushi Itagaki for growth for our shareholders and society.
his dedication and contribution to the Company.
We wish him continuous success in his future
endeavors.
Jakarta, March 4th, 2024
Mr. Daisuke Ejima
President Commissioner
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THE BOARD OF COMMISSIONERS
Hafid Hadeli Manggi Taruna Habir Daisuke Ejima
Commissioner Independent Commissioner President Commissioner
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Krisna Wijaya Congsin Congcar Eng Heng Nee Philip
Independent Commissioner Commissioner Commissioner
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I Dewa Made Susila
President Director
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REPORT FROM
BOARD OF DIRECTORS [SEOJK D.1][GRI 2-22]
Dear Respected Shareholders and Stakeholders,
New challenges and opportunities emerged during 2023, in
line with Indonesia’s strong and sustained economic growth
amid global economic uncertainty.
Adira Finance successfully navigated dynamics of the
economy in 2023 to record asset growth and profitability.
The Company has carried out various initiatives to unlock
opportunities, and strengthen synergies and collaboration
In recent years,
with Bank Danamon as the Parent Company as well as with
MUFG’s ecosystem. These initiatives bolstered Adira Finance Adira Finance has
to increase asset growth and record positive performance in implemented a strategy
2023, as discussed in this report.
to continuously
MACROECONOMIC AND INDUSTRY ANALYSIS strengthen its
automotive and non-
Global and Domestic Economic Landscape
Global economic conditions were still shrouded by uncertainty automotive businesses.
at the end of 2023, primarily due to monetary tightening In 2023 the Company’s
by developed countries to manage inflation. Additionally,
performance
geopolitical conditions still posed risks to economic growth
prospects. demonstrated its
recovery with recorded
Developed countries such as the United States continued to
face above target with inflation, high interest rates, and rising
financing receivables
fiscal pressures which shadowed the weakening economy. of IDR55.7 trillion. This
Meanwhile, other developed countries such as China still
financing receivables
faced the challenge of post-COVID-19 economic weakness
due to softening domestic demand. has surpassed pre-
COVID-19 pandemic
Meanwhile, Indonesia's economic growth remained strong
amidst uncertain global economic conditions. Throughout
amounts. Adira
2023, Indonesia's economy grew by 5.05%. Economic growth Finance’s asset
remained strong, supported by solid domestic demand and
and profitability
continued recovery in the tourism sector. However, export
performance in 2023 decreased by 11.33% to USD258.2 billion growth is the result
due to weakening global demand and falling commodity of implementing
prices.
initiative strategies as
well as synergy and
collaboration with Bank
Danamon as the parent
company and also with
the MUFG ecosystem.
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Furthermore, in line with the increase in the consumer demand, notwithstanding higher
United States federal funds rate and in response inflation and interest rate challenges to demand.
to increasing global uncertainty, Bank Indonesia
raised the benchmark interest rate a couple of STRATEGY, CHALLENGES AND RESULTS
times to 6% from 5.5% in 2022. Consumer Price In recent years, Adira Finance has implemented a
Index (CPI) inflation in 2023 was 2.61% (yoy), lower strategy to continuously strengthen its automotive
than inflation in 2022 which was recorded at 5.51% and non-automotive businesses. In addition,
(yoy). the Company has also carried out initiatives to
increase customer retention by presenting a
Multifinance Industry and Automotive more comprehensive range of products through
Market synergy with the MUFG ecosystem, while
Adira Finance’s growth is closely related to the maintaining business sustainability and stability
development of the Indonesian financing industry through prudent risk management to maintain
and automotive market. From the industrial asset quality and liquidity.
side, the semiconductor supply limitations were
resolved in 2023. The positive trend was also In 2023, Adira Finance implemented several
supported by improved export demand and strategies and policies in order to maintain its
economic activity outside Java. These phenomena position in the market, namely:
drove motorcycle sales during the year to exceed
projections. Based on data from the Indonesian (1) Strengthen and gain market share in the
Motorcycle Industry Association (AISI), motorcycle automotive business through product
sales reached 6.2 million units, growing by 19.4% diversification and by providing various
compared to the previous year. attractive sales programs for customers, as
well as strengthening good relations with our
Meanwhile, based on data from the Association dealers.
of Indonesian Automotive Industries (Gaikindo), (2) Expand networks to non-automotive
car sales throughout 2023 reached 1.0 million businesses by continuing to diversify the
units, a slight decrease of 4.1% compared to products offered to support business growth
2022. This decrease resulted from a slowdown in such as durables and multipurpose loans.
the automotive market in the second semester, (3) Increase customer retention by offering loyalty
stemming from increased interest rates and and referral programs, as well as conducting
slowing economic growth. However, the potential cross-selling based on needs to existing
to increase car sales is still very high in the future, consumers. Thus providing a better customer
considering that car penetration is still low. experience to support the growth of the
Company’s financing.
The financing industry experienced positive (4) Accelerate digitalization within the
growth, as reflected by the increase in receivables. Company and its ecosystem to improve
Based on data from the Financial Services Authority business efficiency and effectiveness such
(OJK), total financing receivables, including joint as performing digital/automation processes
financing, grew by 15% (yoy) to IDR659.9 trillion. and investing in digital platform (Adiraku,
Meanwhile, the Non-Performing Financing (NPF) momobil.id, momotor.id, dicicilaja.co.id and
ratio in December 2023 amounting to 2.44%, etc).
slightly higher than in December 2022. These (5) Continue to manage its asset quality in order to
conditions point to the continued recovery of keep the NPL ratio under control by applying
prudent risk-management principles.
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(6) Secure and manage sufficient liquidity to fund Continuous Bonds VI Phase I and Continuous
business requirement and to meet all financial Mudharabah Bonds V Phase I in July 2023,
obligations. amounting to IDR2.0 trillion, followed by the
Continuous Bonds VI Phase II and Continuous
Formulation and Execution of Strategy Mudharabah Bonds V Phase II in November
These strategies and policies were established for IDR1.55 trillion. Both were oversubscribed,
by the Board of Directors, with advice and the former by 2.3x and the latter by 2.6x, which
guidance from the Board of Commissioners. The demonstrates Adira Finance’s high credibility in
Company’s corporate business goals, targets, the bond investor community. In addition, Adira
and commitments are set forth in the Company’s Finance signed a Social Loan facility with MUFG
Sustainable Finance Action Plan (SFAP), in Bank Ltd., on 20 July 2023, the first of its kind for a
alignment with the Sustainable Development multi-finance companies in Indonesia to promote
Goals (SDGs). financial inclusion.
The Board of Directors is also responsible for Adira Finance successfully maintained the highest
implementing the strategies and policies that possible national and international investment
have been established. To this end, the Board of grade ratings with an idAAA/stable assessment
Directors periodically and continuously monitored from the national rating agency (Pefindo), and a
and evaluated the Company’s progress in relation BBB rating from the international rating agency
to targets and objectives at all organizational Fitch Rating. Additionally, Moody’s upheld its
levels, making adjustments as necessary with international rating of Baa1/stable at the end of
consideration of the business landscape and 2023, which is higher than the national sovereign
inputs from stakeholders. rating of Indonesia, citing strong shareholders
support and business synergy with Bank Danamon
Funding Activities and MUFG group, as well as Adira Finance’s solid
During 2023, Adira Finance maintained diversified capital structure and profitability, asset quality
funding sources that included joint financing and liquidity.
with its Parent Company, Bank Danamon, as well
as external borrowing which includes bank loans New Financing Disbursement
(onshore and offshore) and bonds. All the offshore Continuing the trend of the previous year, the
borrowing facilities were fully hedged to mitigate recovery of business activities boosted new
the risk of foreign exchange and interest rate financing growth for the industry as the domestic
volatility. economy and consumer purchasing power
recovered. Adira Finance’s new financing in
As of the end of 2023, this joint financing 2023 was recorded at IDR41.6 trillion, increasing
represented 47% of the Company’s managed by 31% (yoy) from IDR31.7 trillion in 2022. The
receivables. Meanwhile, the Company’s total Company realized its objective of strengthening
borrowings in December 2023 increased by 52.7% its automotive business, with its car financing
to IDR16 trillion, consisting of bank loans (onshore and motorcycle financing market share growing
& offshore) and bonds & mudharabah bonds, each to 9.7% and 5.0%, respectively, compared to 8.2%
contributing 58%:42%. As a result, the gearing and 4.0% in 2022. Growth of Adira Finance’s new
ratio increased to 1.5 times in 2023 from 1.0 times financing was driven by attractive and well-
in 2022, far below the regulation of 10 times. executed sales programs at both national and
local branch levels, as well as loyalty programs that
As part of the Company’s efforts to diversify its successfully increased customer retention in 2023.
sources of funding, Adira Finance issues bonds Special programs were also rolled out to enhance
on an annual basis. Adira Finance issued the good relations with business partners.
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Conventional financing continued to dominate As at Desember 2023, electric vehicle financing has
new financing, contributing 79% of new financing shown an upward trend, reached IDR189 billion.
while sharia financing contributed 21% of total
new financing. Sharia’s new financing posted Geographically, 50% of the total new financing
34% growth reaching IDR8.9 trillion in 2023. Sharia was contributed by Java, while the remaining 50%
financing expansion was supported by aggressive was from outside Java. Regionally, the Greater
marketing, the expansion of sales channels in Jakarta area contributed 26%, Java (excluding
sharia communities, public education campaigns, Greater Jakarta) 24%, Sumatra 21%, Sulawesi 14%,
and products such as AMANAH (Adira Multi Dana Kalimantan 9%, and Bali and Nusa Tenggara 6%.
Syariah), a multi-financing solution based on
Sharia principles. New financing growth was backed by focused
efforts to acquire and retain customers through
Based on segment, the distribution of total both digital and physical channels. On the digital
new financing across car, motorcycle, and non- side, in 2023 Company optimized sales through
automotive segments stood at 43%, 38%, and digital channels such as Adiraku, and further
19%, respectively, in 2023. In terms of units, the developed momobil.id and momotor.id as its
Company booked new financing for 1.2 million digital platforms for vehicles. The Company also
units, up to 26% from 2022. Car financing increased continued to develop dicicilaja.com, its multi-
by 19% (yoy) to 96 thousand units consisting of 50 purpose digital loan platform. Through different
thousand new car units and 46 thousand used car. digital platforms complement Adira Finance’s
Meanwhile, motorcycle financing rose significantly core offerings to offer convenient, easily accessed
by 32%, mainly due to the increase in the number financing solutions at all stages of a customer’s
of new motorcycle units to 602 thousand units, an needs, thereby driving customer acquisition
increase of 40% (yoy). and sales. In terms of non-digital networks,
Adira Finance continued to selectively expand
Based on the amount of new financing, motorcycle the Company’s extensive network in areas with
financing rose by 39% (yoy) to IDR15.7 trillion, high potential. As of December 31, 2023, Adira
consisting of new motorcycle financing of IDR13.4 Finance operated 466 networks all over Indonesia
trillion and used motorcycle financing of IDR2.3 (including sharia branches), up from 459 at the
trillion. Meanwhile, car financing was recorded end of 2022.
at IDR17.8 trillion, a 26% (yoy) increase, consisting
of new car financing of IDR11.8 trillion and used In alignment with Adira Finance’s efforts to
car financing of IDR6.0 trillion. In addition, support the growth of the automotive ecosystem,
disbursement of non-automotive financing Adira Finance initiated various events in 2023. Adira
increased by 29% (yoy) to IDR8.0 trillion. Finance held Adira Festival 2023 activities in 5 big
cities (Medan, Surabaya, Yogyakarta, Jabodetabek,
In accordance with rising public interest in electric and Makassar) from August to December 2023
vehicles and to support the growth of the electric such as Local Creative Festivals (“Pasar Rakyat”,
vehicle ecosystem in Indonesia, Adira Finance cultural parades, local music performances),
provides financing for environmentally friendly automotive fairs, various bazaars and paid
vehicles such as electric motorcycles and electric concerts through Musikaria Concerts, as well as
cars from several manufacturers of various brands. other exciting events. Previously, Adira Finance
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held various major exhibitions in Indonesia during previous year’s 13% in 2022. The acceleration of this
2023, including the Indonesia International Motor trend reflects the Company’s successful business
Show (IIMS), Jakarta Fair Kemayoran exhibition, diversification and expansion into non-automotive
and the Gaikindo Indonesia International Auto products, in collaboration with Bank Danamon
Show (GIIAS), and other exhibition events. and MUFG.
As one of the strategies to accelerate inorganic In terms of funding, in 2023, 47% of the managed
business growth, on June 23, 2023, the Company receivables of the Company was funded by a joint
signed a conditional sale and purchase agreement financing scheme with Bank Danamon, and the
in relation to the takeover of 10% (ten percent) of remaining 53% came from the Company’s external
all shares issued by PT Mandala Multifinance Tbk borrowing and equity.
(MFIN). This transaction is expected to strengthen
and expand financial services in Indonesia Sustainable Financing
through synergy and collaboration between Adira Finance maintained its commitment
MUFG ecosystem. Furthermore, on October 2, to holistically advancing the Sustainable
2023, Adira Finance completed the HCI share Development Goals (SDGs) and integrating the
purchase transaction by signing the Deed of principles of sustainable finance into its operations,
Transfer of HCI Shares, of which Adira Finance only with reference to the Sustainability Accounting
became a minority shareholder (9.83%). We expect Standards Board (SASB) for the consumer finance
this transaction can help to enhance our strategic sector. A Sustainable Finance Action Plan has
collaboration, enabling us to reach a wider market been established and implemented, serving as
as well as to strengthen our market presence the foundation for incorporating Environmental,
in the country. Ultimately, through stronger Social, and Governance (ESG) and sustainable
collaboration within MUFG ecosystem, we hope finance practices throughout its operations.
that we can provide better service to customers
and partners. Adira Finance expanded its sustainable financing
portfolio in 2023 by signing a Social Loan facility
Financing Receivables with MUFG Bank on July 20, 2023 to provide
After experiencing a significant drop in 2021 due microfinancing to Micro, Small, and Medium
to the COVID-19 pandemic, in 2023 the Company’s Enterprise (MSME) entrepreneurs within the
performance demonstrated its recovery with unbanked and underserved segment for the
recorded financing receivables of IDR55.7 trillion, purchase of vehicles, multipurpose loan and
a 25% year-on-year increase. This financing durable goods that are essential to their business
receivables has surpassed pre-COVID-19 pandemic operations. This segment typically lacks access
amounts. This growth is in line with the increase in to capital, and by doing so, the Company aims to
the Company’s new financing disbursement. increase financial inclusion. At the end of 2023,
Adira Finance’s total loans to the MSME sector
Similar to 2022, the automotive segment remained reached a portion of 24.3%, totalling IDR10.1 trillion
the majority contributor to the Company’s with healthy asset quality.
managed receivables in 2023, accounting for
85%, with 51% attributed to cars and 34% to The provision of these Social Loans is further
motorcycles. Meanwhile, the non-automotive guided by Adira Finance’s Social Financing
segment contributed 15%, an increase from the Framework, which is aligned with the International
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Capital Market Association (ICMA) Social Bonding Financial Performance vs Targets for
Principles and the Loan Market Association 2023
(LMA) Social Loan Principles. The Company Bolstered by the continued improvement in
has also obtained a second party opinion from domestic economic conditions, Adira Finance
Sustainalytics, which describes Adira Finance’s successfully improved financial performance
Social Financing Framework as “credible compared to 2022. Adira Finance’s net profit
and impactful and aligns with the four core recorded a 21.1% year-on-year increase, reaching
components of the Social Bond Principles 2021 IDR1.9 trillion in 2023. This increase was driven
and the Social Loan Principles 2023”. by the growth of total revenue, which increased
by 14.0% (yoy) toIDR9.5 trillion, in line with the
The Company also provides financing for electric increased growth of the Company’s new financing
motorcycles and electric cars (EV). To support disbursement. As such, the Return on Assets (ROA)
adoption and strengthen its market position, and Return on Equity (ROE) for the Company were
Adira Finance has established partnerships with respectively 8.6% and 18.7% in 2023.
35 EV brands in Indonesia, in anticipation of future
market growth.
Description Unit Target 2023 Realization 2023
New Financing Disbursement IDR trillion 38.0 41.6
Managed Receivables IDR trillion 51.2 55.7
Net Profit After Tax IDR trillion 1.5 1.9
Non-Performing Financing Ratio % of Managed Receivables ±2% 1.9%
(including Joint Financing)
New Car Market Share % Domestic New Car Sales 4.7% 5.0%
New Motorcycle Market Share % Domestic New Motorcycle Sales 9.0% 9.7%
In line with the increase in the Company’s borrowing, interest expense increased by 40% (yoy) to IDR982
billion. On the other hand, operational costs remained under control despite business expansion, by
leveraging operating efficiencies from digital technology and internal as well as internal and external
synergies.
Total assets increased by 24.5% to IDR31 trillion. This improvement was primarily driven by a 25% (yoy) rise
in financing receivables to IDR27.6 trillion. Asset quality was maintained, with NPF of 1.9% at the end of
2023, below the industry average.
BUSINESS PROSPECTS
Global economic growth is expected to slow in 2024, with the IMF projecting a 2.9% growth compared
to the 3.0% projection for 2023 due to high interest rates, increased energy prices, continued geopolitical
tensions, and a possible slowdown for the United States and China as the two largest world economies.
On the other hand, the Indonesian economy is projected to see stable or slight growth at around 4.8%-
5.0%, although further global tightening or commodity price declines could negatively affect growth.
However, businesses that put off major decisions until the 2024 Q1 presidential and general elections are
likely to start making major decisions thereafter. The elections themselves are also typically accompanied
by higher household spending, which will positively impact the economy.
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As such, the domestic automotive industry is and competencies to increase market share in the
predicted to record positive performance in automotive portfolio, boosting sales in the non-
2024, especially in the new car segment. In automotive portfolio, fostering a customer-centric
2024, Gaikindo projects the sales of new cars to mindset and expertise, enhancing customer
reach around 1.1 million units, while AISI projects retention rates, optimizing productivity, and
sales of new motorcycles of between 6.2 million reinforcing digital capabilities.
and 6.5 million units. In the financing industry,
APPI projects the growth of receivables from This was carried out by strengthening the
multifinance companies to reach around 12%-13% organization, productivity improvement,
(yoy). development of HR through an improved learning
ecosystem, developing a culture which supports
In this dynamic market, Adira Finance will push to business initiatives, innovation and employee
strengthen its market position through diversified productivity, enhancing digital capabilities, and
products and attractive sales programs in the improving the role of change management.
automotive sector, supported by MUFG group
synergies for funding and cross-selling, and by To do so, special attention was paid to three
programs for retention and engagement. aspects, namely technology transformation,
cultural transformation, and the acceleration of
The Company will also heighten its focus on business support activities in the post-pandemic
customer retention, with loyalty programs and period. This was done so that the Company can
referral initiatives. This will be accompanied by continue to adapt and innovate amidst all ongoing
continuous investment in digitalization and the changes, creating new innovations in the midst of
development of the digital platform, in line with challenging economic and industry conditions.
shifting consumer preferences, to support cost
efficiencies and increase productivity. Such innovations are not limited to the Company
alone but also extends to the MUFG Group. One
Finally, the Company will continue to safeguard its of them is an interactive virtual platform called
funding diversification, liquidity, and asset quality, “Amazone”, which enables employees of MUFG
as it strives to expand into new markets going Group (Adira, Danamon, and MUFG) to interact
forward. and purchase each other's flagship products,
all at special prices for MUFG Group employees.
ORGANIZATIONAL CHANGE AND HUMAN Additionally, numerous digital features and
RESOURCES MANAGEMENT integrations have been implemented to enhance
The Company’s human resources (HR) strategies efficiency in human resources management.
and management are directed towards the needs
and challenges of current and future business Technology transformation was accompanied
developments and challenges. Adira Finance by cultural transformation, which in 2023 was
ensures that its human resources possess the themed “AIOP: Advance, Integrity, Obsessed &
necessary competencies, skills, commitment, and Professional.” Furthermore, the Company is also
adaptability to change while maintaining behavior embracing a culture of Sustainable Finance in
in accordance with the Company’s culture. In accordance with the Financial Services Authority
2023, the HR division emphasized maximizing (OJK) regulations and initiating Health, Safety, and
the implementation of the Company’s strategic Environment (HSE) initiatives.
initiatives, such as strengthening the organization
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All of these efforts successfully supported the the Company’s operations and mitigate business
acceleration of business supporting activities in risks, as well as ensure prudent and responsible
the post-pandemic period, and helped enable the management in all activities.
Company to achieve recovery and growth in 2023.
In addition, we also adhere to a risk management
LEVERAGING INFORMATION mechanism that has been adapted from the risk
TECHNOLOGY management practices of Bank Danamon as the
As the Company’s digital transformation continues, Company’s parent company, pursuant to Bank
the role of information technology (IT) has grown Indonesia Regulation No. 8/6/PBI/2006 dated
in importance. Internally, IT has been applied to January 30, 2006 concerning the Implementation
centralize, streamline, automate, and improve of Consolidated Risk Management for Banks that
data analytics and collection, with the aim of Conduct Control over Subsidiaries and is guided
driving better business decisions and identifying by the Financial Services Authority Regulation
emerging opportunities. The use of IT has sped up No. 44/POJK.05/2020 and the Financial Services
many processes, increased efficiency, and shaped Authority Circular Letter No. 7/SEOJK.05/2021.
business processes to become more customer-
centric, supported by streamlined and digitalized Based on a self-assessment of good corporate
back-end procedures. governance, which was conducted concerning
Financial Services Authority Regulation No. 28/
To that end, Adira Finance has continued to POJK.05/2020 and Financial Services Authority
improve its business processes through the Circular Letter No. 11/SEOJK.05/2020, in 2023 the
ongoing Business Process Re-Engineering Company implemented the principles of GCG
(BPR) initiative, modernize its applications, well, with a rating of 1 (one). An independent
infrastructure, and digital technology, and assessment by the Indonesian Institute for
continued to develop Adira’s online platforms, Corporate Directorship (IICD) classified the
such as Momobil.id, Momotor.id, dicicilaja.com Company’s GCG implementation as “Very Good”,
and the Adiraku mobile application. with an overall weighted score of 98.20 compared
with the previous year’s score of 94.58.
In addition, cybersecurity, connectivity, data
recovery, and other important aspects related EVALUATION OF COMMITTEES UNDER
to risk management and business continuity are THE BOARD OF DIRECTORS
ongoing priorities as part of enhancing IT resilience To support the implementation of GCG, the
and driving continued digitalization. importance of GCG is continuously socialized,
and the effectiveness of the risk management
IMPLEMENTATION OF CORPORATE and internal control systems are also regularly
GOVERNANCE monitored. The results of the evaluations
Adira Finance views Good Corporate Governance were distributed to several committees that
(GCG) as a critical element in achieving and assist the Board of Directors in overseeing
safeguarding sustainable growth. The Company corporate governance and risk management
continued to uphold its commitment to of the Company, namely the Risk Management
implementing GCG in all of its activities, including Committee, the Credit Committee, the Assets and
rigorous risk management mechanisms to Liabilities Committee (ALCO), and the Information
comprehensively monitor and assess all aspects of Technology Steering Committee.
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In 2023, all of the committees performed their 2023, the Information Technology Steering
duties satisfactorily, as follows: Committee held regular meetings and provided
recommendations and feedback, complementing
Risk Management Committee the Information Technology Policies and
The Risk Management Committee is responsible Procedures.
for assessing the Company’s overall risk exposure.
As such, the Risk Management Committee SOCIAL AND ENVIRONMENTAL
evaluated all the Company’s operational policies SUSTAINABILITY [SEOJK F.1]
and performance from an integrated risk The Company continued to expand on its CSR
perspective in 2023, and made improvements as principle of ‘Creating Shared Value’, through a
needed in line with the changing needs of the number of Social and Environmental Responsibility
business. Overall, the Company’s risk exposure in (CSER) programs in 2023 that span three pillars:
terms of NPF and other metrics was deemed to be Sahabat Lokal (Local Friends), Adira Peduli, and
within tolerable limits. Adira Finance CSR Partners.
Credit Committee Under Sahabat Lokal pillar, a CSR program
The Credit Committee performed its task of that stimulates local communities through
evaluating and optimizing processes related to the events that promote cultural, education, micro-
provision of financing by continuing to simplify entrepreneurship, and tourism activities, the
and digitizing the credit approval process. Besides Company collaborated with the Ministry of
that, implementing the appropriate safeguards to Tourism and Creative Economy of the Republic of
prevent fraud and ensure good quality loans for Indonesia to hold the Local Creative Festival (FKL)
both the core automotive financing business and and the Festival Pasar Rakyat (People’s Market
the non-automotive financing business. Festival) in five cities nationwide.
ALCO Committee Under Adira Peduli, the Company provided
The primary function of the Asset-Liability community assistance ranging from
Committee (ALCO) is to oversee management of environmental to health support and donations.
the Company’s assets and liabilities risk tolerances. Together with Bank Danamon, employees
Throughout 2023, the ALCO Committee conducted volunteered to plant 32,000 mangrove trees, in line
regular meetings to assess and deliberate on the with the Company’s target of net zero emissions
Company’s Assets and Liabilities. During these by 2030.
sessions, the committee made various decisions
to ensure adequate liquidity management and Finally, under Adira Finance CSR Partners, the
implement a robust funding diversification Company collaborated with partners to give back
strategy. Additionally, the committee offered in the field of health and education. Among others,
insights on financing interest rates. this includes assistance with medical expenses
for employees and the general public, as well as
Information Technology Steering granting scholarships to the children of employees.
Committee
The Information Technology Steering Committee AWARDS
is responsible for providing recommendations Adira Finance’s performance and achievements
related to information technology development were recognized by a number of awards in 2023,
plans, formulation of information technology in various categories. These included, but are not
policies and procedures, as well as the monitoring limited to, The Best Performance Multifinance
of information technology performance. During Company from the Indonesia CSR Awards 2023;
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the 4th Corporate Reputation Awards 2023 from CHANGES TO THE COMPOSITION OF THE
the Indonesia Most Acclaimed Companies Awards BOARD OF DIRECTORS
2023; Multifinance Category for Action from During 2023, Adira Finance has held an Annual
TrenAsia ESG Award 2023; Outstanding Financial General Meeting of Shareholders (AGMS) of which
Performance and Providing Easier Access to one of the agendas approved was the changes
Financing Solution from Indonesia Prestigious to the composition of the Board of Directors.
Multifinance 2023; a Predicate of ‘Good’ at the The AGMS held on April 4, 2023, approved the
Indonesia Most Reputable Companies Award appointment of Mr. Denny Riza Farib joining
2023; Top 50 Mid Cap PLCs from the 14 th
IICD the Board of Directors as the Director of Credit,
Corporate Governance Award 2023; and The 2nd Collection, and Legal.
Best – Multifinance Company (Asset >Rp10 tn), The
3rd Highest Digital Index – Multifinance Company, We welcome Mr. Denny Riza Farib to his new role
and The Best Leaders Personal Digital Brand 2023 as the Company’s Director of Credit, Collection,
for President Director Dewa Made Susila at the 12th and Legal. We believe that with his expertise,
Infobank Digital Brand Recognition 2023 award. experience, and leadership, he will be able to make
an important contribution to the Company and
The Company was also awarded The Best HR the multifinance industry.
Management for Outstanding Digital and Culture
Transformation to Maintain and Improve HR As such, the composition of the Company’s Board
Performance Quality from Indonesia Human of Directors is as follows:
Resources Awards 2023; Silver Champion for 2W President Director : I Dewa Made Susila
Leasing and Bronze Champion of MPL at the WOW Director : Swandajani Gunadi
Brand Awards 2023; Excellent Predicate in the Car Director : Niko Kurniawan
Financing Category, Very Good Predicate at the Bonggowarsito
Motorcycle Financing Category, and Very Good Director : Harry Latif
Predicate in the Electronic Financing Category Director : Jin Yoshida
at the Indonesia Customer Service Quality Award Director : Denny Riza Farib
(ICSQA) 2023. President Director I Dewa Made
Susila was also named The Most Committed APPRECIATION & CLOSING REMARKS
Human Capital Leader 2023 at the Top Human In closing, the Board of Directors wishes to express
Capital Awards 2023; and Best Leader Sustainability our utmost gratitude and highest appreciation to
Acceleration Through Providing Reliable Financing our customers, business partners, shareholders
Service Solutions at the Indonesia Financial Top and regulators for their supports, trust, and
Leader Awards 2023. cooperation. We would also like to convey the
same appreciation to the Board of Commissioners
Other awards include 1st The Best Indonesia GCG for their recommendations, guidance, and
2023 from Indonesia GCG Award VII2023; 2 place at nd
suggestions throughout 2023.
The Best Indonesia Finance – 2023 from Indonesia
Finance Award 2023; Top Full Branch Syariah in Adira Finance’s accomplishments in 2023 in
Multifinance Category at the 3rd Indonesia Award successfully growing its assets and profitability,
2023; Best Public Relations in Company Activity on cannot be separated from the contribution of
Strengthening Multifinance Business Ecosystem Sahabat Gardira (all employees), who have striven
System Through Collaboration with Various realize the Vision and Mission of the Company.
Stakeholders from the Indonesia Public Relation In turn, we express utmost our gratitude and
Awards 2023; and Silver Winner Leasing Company
for the Marketeers Youth Choice Award.
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appreciation to all the employees who have Lastly, for all of Adira Finance’s achievements, we
worked with dedication and care in carrying out are also grateful to all the other stakeholders who
their duties and responsibilities in order to make it we cannot mention individually. We hope that we
possible for the Company to achieve its best. will continue to nurture optimal collaboration for
even better performance by Adira Finance going
forward.
Jakarta, March 4th, 2024
I Dewa Made Susila
President Director
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THE BOARD OF DIRECTORS
Denny Riza Farib Harry Latif I Dewa Made Susila
Director Director President Director
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Swandajani Gunadi Niko Kurniawan Bonggowarsito Jin Yoshida
Director Director Director
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STATEMENT OF
THE BOARD OF COMMISSIONERS
We, the undersigned, testify that all information contained in the 2023 Annual Report of PT Adira Dinamika
Multi Finance Tbk has been presented completely. We assume full responsibility for the content accuracy
of the Company’s 2023 Annual Report.
This statement is hereby made in all truthfulness.
Jakarta, March 4th, 2024
THE BOARD OF COMMISSIONERS
Daisuke Ejima
President Commissioner
Krisna Wijaya Manggi Taruna Habir
Independent Commissioner Independent Commissioner
Eng Heng Nee Philip Congsin Congcar Hafid Hadeli
Commissioner Commissioner Commissioner
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STATEMENT OF
THE BOARD OF DIRECTORS
We, the undersigned, testify that all information contained in the 2023 Annual Report of PT Adira Dinamika
Multi Finance Tbk has been presented completely. We assume full responsibility for the content accuracy
of the Company’s 2023 Annual Report.
This statement is hereby made in all truthfulness.
Jakarta, March 4th, 2024
THE BOARD OF DIRECTORS
I Dewa Made Susila
President Director
Swandajani Gunadi Niko Kurniawan Bonggowarsito
Director Director
Jin Yoshida Harry Latif Denny Riza Farib
Director Director Director
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02
CORPORATE
PROFILE
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Table of Contents
Corporate Identity 65 Sharia Supervisory Board Profile 105
Adira Finance at A Glance 66 Senior Officers Profile 108
Milestones 70 Changes In The Composition of Members of The 124
Board of Commissioners And Board of Directors
Line of Business 72
Total Number and Data on Employee Competency 125
List of Membership in Association 73
Development
Organizational Structure ADIRA FINANCE 74
Shareholders Composition 127
Vision and Mission 76
Chronology of Stock Listing 129
Business Strategy in 2023 78
Chronology of Other Securities Listing 132
Adira Finance in Number 79
Shareholder of Affiliates, Subsidiaries, Associates, 133
Brand and Logo 80 and Joint Ventures
Brand Personality 81 Group Structure 134
Board of Commissioners Profile 82 Public Accounting Services and Public Accounting 135
Firm
Audit Committee Profile 88
Name and Address of Supporting Institutions and/ 136
Risk Monitoring Committee Profile 91
or Professionals
Nomination and Remuneration Committee Profile 94
Corporate Website Information 137
Corporate Governance Committee Profile 97
Management Education and Training 138
Board of Directors Profile 99
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CORPORATE IDENTITY
General Information of the Company [SEOJK C.3][ SEOJK C.4][GRI 2-1][GRI 2-3]
Name of the Company Issued and Fully Paid Capital
PT Adira Dinamika Multi Finance Tbk 1,067,500,000 shares or equal to Rp106.75 billion
Line of Business Stock Exchange
Consumer Financing and Sharia Financing as Indonesia Stock Exchange
Sharia Business Unit
Stock Listing
Establishment Date March 31, 2004
November 13, 1990
Stock and Bond Code
Change of Name ADMF
There is no change in the name of the Company
ISIN Code
Legal Basis of Establishment IDA0000930D4
Deed of Establishment No. 131 dated November 13,
1990, made in the presence of Misahardi Wilamarta,
S.H., Notary in Jakarta, and approved by the Minister of Composition of Shareholders 2023
Justice of the Republic of Indonesia based on Decree • PT Bank Danamon Indonesia Tbk 92.07%
No. C2-19.HT.01.01.TH.91 dated January 8, 1991, was • Public 7.93%
registered at the Registrar’s Office at the South Jakarta
District Court under No. 34/Not.1991/PN.JKT.SEL on
January 14, 1991, and announced in the Supplement Full Address
No. 421 State Gazette of the Republic of Indonesia Millennium Centennial Center
No. 12 dated February 8, 1991. 53rd, 56th-61st Floor
Jl. Jenderal Sudirman Kav. 25
South Jakarta 12920
Authorized Capital Indonesia
4,000,000,000 shares or equal to Rp400 billion Telp. : (62-21) 3973-3322/3232
Faks. : (62-21) 3973-4949
E-mail : af.corsec@adira.co.id
Website : www.adira.co.id
Corporate Bond and Mudharabah Bonds Code
No. Bond ID Bond Name Series Issuer Code Due Date Rate
1. ADMF04CCN4 Adira Finance Continuing Bond IV Phase IV C ADMF January 23, 2024 id
AAA
2. ADMF04CCN5 Adira Finance Continuing Bond IV Phase V C ADMF April 16, 2024 id
AAA
3. ADMF04CCN6 Adira Finance Continuing Bond IV Phase VI C ADMF October 4, 2024 id
AAA
4. ADMF05BCN2 Adira Finance Continuing Bond V Phase II B ADMF July 23, 2024 id
AAA
5. ADMF05BCN3 Adira Finance Continuing Bond V Phase III B ADMF March 22, 2025 id
AAA
6. ADMF05CCN3 Adira Finance Continuing Bond V Phase III C ADMF March 22, 2027 id
AAA
7. ADMF06ACN1 Adira Finance Continuing Bond VI Phase I A ADMF July 17, 2024 id
AAA
8. ADMF06BCN1 Adira Finance Continuing Bond VI Phase I B ADMF July 7, 2026 id
AAA
9. ADMF06CCN1 Adira Finance Continuing Bond VI Phase I C ADMF July 7, 2028 id
AAA
10. ADMF06ACN2 Adira Finance Continuing Bond VI Phase II A ADMF November 18, 2024 id
AAA
11. ADMF06BCN2 Adira Finance Continuing Bond VI Phase II B ADMF November 8, 2026 id
AAA
12. ADMF06CCN2 Adira Finance Continuing Bond VI Phase II C ADMF November 8, 2028 id
AAA
13. SMADMF03CCN3 Adira Finance Continuing Mudharabah Bonds III Phase III C ADMF January 23, 2024 id
AAA(sy)
14. SMADMF03CCN4 Adira Finance Continuing Mudharabah Bonds III Phase IV C ADMF April 16, 2024 id
AAA(sy)
15. SMADMF04BCN2 Adira Finance Continuing Mudharabah Bonds IV Phase II B ADMF July 23, 2024 id
AAA(sy)
16. SMADMF04BCN3 Adira Finance Continuing Mudharabah Bonds IV Phase III B ADMF March 22, 2025 id
AAA(sy)
17. SMADMF04CCN3 Adira Finance Continuing Mudharabah Bonds IV Phase III C ADMF March 22, 2027 id
AAA(sy)
18. SMADMF05ACN1 Adira Finance Continuing Mudharabah Bonds V Phase I A ADMF July 17, 2024 id
AAA(sy)
19. SMADMF05BCN1 Adira Finance Continuing Mudharabah Bonds V Phase I B ADMF July 7, 2026 id
AAA(sy)
20. SMADMF05CCN1 Adira Finance Continuing Mudharabah Bonds V Phase I C ADMF July 7, 2028 id
AAA(sy)
21. SMADMF05ACN2 Adira Finance Continuing Mudharabah Bonds V Phase II A ADMF November 18, 2024 id
AAA(sy)
22. SMADMF05BCN2 Adira Finance Continuing Mudharabah Bonds V Phase II B ADMF November 8, 2026 id
AAA(sy)
23. SMADMF05CCN2 Adira Finance Continuing Mudharabah Bonds V Phase II C ADMF November 8, 2028 id
AAA(sy)
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ADIRA FINANCE
At A Glance
PT Adira Dinamika Multi Finance Tbk, or Adira
Finance (the Company), was established in 1990
and commenced its operations in 1991.
The Company was established pursuant to
Deed of Establishment No. 131 dated November
13, 1990, made in the presence of Misahardi
Wilamarta, S.H, Notary in Jakarta, and has
obtained validation from the Minister of Justice
of the Republic of Indonesia based on his Decree
No. C2-19.HT.01.01.TH.91 dated January 8, 1991,
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and recorded in a register for that purpose at
the Registrar’s Office of the Court of Justice of
the Republic of Indonesia. dated January 8, 1991,
and registered in a register for that purpose
at the Registrar’s Office of the South Jakarta
District Court under No. 34/Not.1991/PN.JKT.
SEL on January 14, 1991, and announced in the
Supplement No. 421 of the State Gazette of the
Republic of Indonesia No. 12 dated February 8,
1991. The Company has obtained a license for
the business activities of financing institutions
from the Minister of Finance of the Republic of
Indonesia based on the Decree of the Minister of
Finance of the Republic of Indonesia
No. 253/KMK.013/1991 dated March 4, 1991.
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In 2004, Adira Finance carried out an initial public company. Adira Finance is always present in
offering of shares, resulting PT Bank Danamon the community by offering a variety of products
Indonesia Tbk. (Bank Danamon) acquiring a and services that are in line with the life cycle of
majority stake of 75%. After this corporate action, consumers and provide a profitable experience for
Adira Finance is optimistic about its ability to its Friends.
expand its business and capitalize on business
opportunities in the country. Adira Finance is also committed to carrying out
a mission that leads to the improvement of the
The Company obtained approval from the welfare of the Indonesian people, through the
Chairman of Bapepam, as stated in Letter provision of diverse products and services according
No.S-657/PM/2004 dated March 23, 2004, to carry to the life cycle of consumers and providing a
out a Public Offering of 100,000,000 (one hundred profitable experience that benefits consumers
million) shares. These shares, with a nominal value from automotive financing (motorcycles and cars),
of IDR100 (one hundred Rupiah) per share, were multipurpose loan, household appliances and
previously owned by the Company's shareholders electronics (durables), umrah financing (sharia),
(divestment shares) at that time. By March 31, 2004, and heavy equipment.
the entirety of the Company's shares were officially
registered on the Indonesia Stock Exchange, Adira Finance will continue to innovate in order
which was previously known as the Jakarta Stock to capitalize on opportunities and meet market
Exchange and Surabaya Stock Exchange. demands. Hence, Adira Finance has launched
digital platform momobil.id, momotor.id, dicicilaja.
Furthermore, on January 26, 2004, Bank com, and moservice.id. Furthermore, Adira Finance
Danamon acquired the Company through a direct has launched the Adiraku digital mobile platform,
placement mechanism of 750,000,000 shares in which offers a new experience in conducting
the Company, or 75% of the total shares issued transactions that is simpler, safer, and more
by the Company, under the Conditional Sale and convenient, and can be performed at any time,
Purchase Agreement (CSPA) between Theodore without the need to leave the house or engage in
Permadi Rachmat and Stanley Setia Atmadja as other activities. The Company will also continue
the seller and Bank Danamon as the buyer. Bank to improve features on the Adiraku app, which
Danamon increased its ownership of the Company has evolved into a Super-App for existing and
to 95% in 2009 by exercising its purchase option prospective customers. Adiraku offers momobil.id,
to acquire 20% share ownership of Mega Value momotor.id, and electronics and home furnishings
Profits Limited. financing, allowing users to select products and
apply for financing directly through Adiraku.
Bank Danamon divested 29.2 million shares, Adiraku allows Adira Finance to stay in touch with
or 2.92% of the Company, in early 2016. Thus, our customers 24 hours a day, seven days a week.
Bank Danamon currently owns 92.07% of Adira
Finance. In 2012, the Company expanded its scope Adira Finance successfully maintained its highest
of operations by providing Sharia-compliant domestic rating, AAA/Stable, from domestic
id
financing. In order to provide the best financing rating agency Pefindo in 2023. Adira Finance
experience possible, the Company began offering also maintained its international rating from
multipurpose and durables financing products Moody's Rating Agency with a Baa1/stable rating,
to consumers, aiming to enhance financing as well as a BBB rating from Fitch Rating. As a
service experience. Adira Finance is committed to result of the Company's success in maintaining
becoming Indonesia's best and leading financing these ratings, it may be easier for the Company
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to obtain more competitive and optimal access Notary in Jakarta, and has (i) obtained approval
to funding from both within and outside the from the Minister of Law and Human Rights of
country. As of December 31, 2023, Adira Finance the Republic of Indonesia based on the Decree
owns and operates 466 business networks, No.AHU-0186926.AH.01.11 of 2021 dated October
including sharia branches, supported by over 17 27, 2021, (ii) notified to and received by the
thousand employees, to serve approximately 2.0 Director General of General Legal Administration
million customers, with total receivables managed of the Ministry of Law and Human Rights of the
exceeding IDR55.7 trillion. Republic of Indonesia and recorded on October
27, 2021 in the Sisminbakum Database based on
Information on Amendments to Articles the Letter of Receipt of Notice on Amendment
of Association to the Company’s Articles of Association
The Articles of Association of the Company have No.AHU-AH.01.03-0465665; and (iii) registered in
been completely amended as contained in the the Company Register No.AHU-018696.01.11 of 2021
Deed of Statement of Resolution of All Shareholders dated October 27, 2021 by the Minister of Law and
of PT Adira Dinamika Multi Finance No.13 dated Human Rights of the Republic of Indonesia based
January 26, 2004, made before Fathiah Helmi, S.H., on which the Company’s Extraordinary GMS that
Notary in Jakarta, which has been approved by the was held on October 15, 2021, has approved:
Minister of Justice and Human Rights The people 1. Amendment of Article 3, Article 11 paragraph 5
of the Republic of Indonesia based on their Decree letter (a), Article 11 paragraph 5 letter (b), Article
No. C-02207 HT 01.04 TH 2004 dated January 14 paragraph 6 letter (a), Article 14 paragraph
29, 2004 and has been reported to the same 6 letter (b), Article 18 paragraph 7 letter (a), in
Minister as stated in the Letter of Acceptance for the Company’s Articles of Association, which
the Report on the Deed of Amendment to the is an adjustment to the Financial Services
Articles of Association of PT Adira Dinamika Multi Authority Regulation, and comes into force as
Finance Tbk No. C-02208 HT 01.04 TH 2004 dated from the date of issuance of the notification of
January 29, 2004, and registered on February the amendment to the Articles of Association
6, 2004 in the Company Register at the South from the Minister of Law and Human Rights
Jakarta Regional Office of Industry and Trade as of the Republic of Indonesia as referred to the
the Regional Company Registration Office with Article 23 paragraph (2) of Law No.40 of 2007 on
Registration Agenda 112 RUB.09.03/II/2004 and Limited Liability Companies;
No. TDP 09.03.1.66.10384, and announced in the 2. Restate all articles of the Articles of Association
Supplement No. 1990 of the State Gazette of the and paragraphs of the Articles of Association
Republic of Indonesia No. 16 dated February 24, which have not been amended in this meeting,
2004. and effective since the issuance of the letter
of approval for amendments to the Articles
The Company’s Articles of Association have of Association and the date of issuance of
been amended several times, the most recent the receipt of notification of amendments
amendment as stated in the Deed of Statement to the Articles of Association in accordance
of Meeting Resolutions of PT Adira Dinamika with Article 23 paragraph (1) and paragraph
Multi Finance Tbk No. 40 dated October 15, 2021 (2) of Law No. 40 of 2007 on Limited Liability
made in the presence of Mala Mukti, S.H., LL.M., Companies.
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Milestones
1990 2008 2012
The Company was founded Net profit reached IDR1 Total receivables managed
in 1990 and started trillion, the highest for were IDR45.8 trillion. The
operations in 1991. a finance company. The asset composition of the
business network doubled motorcycle : car segment is
within 5 years to 300 56% : 44%.
business networks.
2002 2013
2009
ADMF obtained the first
corporate rating of idBBB+ • ADMF made its first
from Pefindo. syndicated loan worth
USD200 million;
PT Bank Danamon • Managed receivables
Indonesia Tbk. Increase reached IDR45.79 trillion.
2003
ADMF ownership percentage
to 95%.
2014
• Managed receivables
2010
amounting to IDR3.9
trillion with 120 business
networks;
• Issuance of initial bonds • Issued bonds and Mudharabah
worth IDR500 billion. Total receivables managed Bonds worth IDR3.1 trillion;
were IDR30.8 trillion; • Pefindo raised ADMF’s rating to
Car segment financing idAAA (stable outlook).
receivables reached IDR10
2004
trillion, equivalent to 33% of
total assets.
Initial Public Offering on
BEJ and BES (now BEI)
Acquisition of PT Bank 2011 2017
Danamon Indonesia Tbk • ADMF has launched the
By 75%. Processing the issuance of momobil.id platform;
Continuing Bonds I worth • Net income grew 40% y/y.
IDR6 trillion.
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2018 2022
• ADMF has launched the • ADMF maintains Moody’s
momotor.id platform; international rating of
• Managed receivables baa1/stable; Fitch Rating
reached IDR51.3 trillion. BBB; as well as the idAAA/
stable domestic rating
from Pefindo;
• ADMF participates as
2019
Official Multifinance
Partner at IIMS 2022 with
Danamon and is supported
by MUFG as Official Bank
ADMF obtained an Partner.
international credit rating of
“Baa2 and BBB” (Investment
grade) from Moody’s and
Fitch Rating.
2023
2020 • Adira Finance became
• ADMF has launched the the first multifinance
Adiraku platform; company to sign a Social
• ADMF obtained a Loan facility with MUFG
syndicated loan of USD300
million.
Bank Ltd;
• Adira Finance became
9.83% shareholder of
2021
PT Home Credit Indonesia.
• ADMF has launched the
Adiraku platform version
2.0;
• Moody’s raised the credit
rating from baa2/stable to
baa1/stable.
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LINE OF BUSINESS [SEOJK C.4][GRI2-6]
BUSINESS ACTIVITIES ACCORDING TO PRODUCTS AND SERVICES
THE LATEST ARTICLES OF ASSOCIATION Adira Finance provides a diverse range of vehicle
According to the Company's most recent Articles financing products, including new and used
of Association, as contained in deed No. 40 dated motorcycles and cars from various brands of
October 15, 2021 made before Mala Mukti, S.H., motor vehicles and durable goods. Adira Finance
LL.M. Notary in Jakarta, which received approval continues to provide customer-centric services in
from the Minister of Law and Human Rights of order to reach customers in a sustainable manner,
the Republic of Indonesia based on Decision by implementing several product and service
Letter No. AHU-0186926.AH.01.11 year of 2021 dated innovations that ensure all consumer needs are
October 27, 2021, reported to OJK on October 29, met at Adira Finance. Adira Finance also offers
2021, the purpose and objective of The Company easy, fast, and concise credit terms through the
may engage in the following business activities to Dering Adira 1500 511 information service. Adira
achieve its goals and objectives: Finance is also supported by a service network
of approximately 466 business networks spread
Financing Company across Indonesia, as well as a secure storage
1. Investment financing; system for vehicle ownership certificates (BPKB).
2. Working capital financing;
3. Multipurpose financing; Adira Finance also provides two types of financing
4. Other financing business activities based on that customers can choose from (conventional and
approval of the Financial Services Authority; sharia). All of this enables Adira Finance to always
and be present by providing diverse products and
5. Operating lease and/or fee-based activities to services in accordance with the market segment
the extent consistent with legislation in the or target market as well as the consumer life cycle,
financial service sector. as well as providing a beneficial experience for all
of its Adira Finance consumers ("Sahabat").
Sharia Financing Company
1. Sale and purchase financing; Adira Finance offers products and services in order
2. Investment financing; and to meet customer needs including:
3. Services financing. 1. Motorcycle financing (new and used);
2. Car financing (new and used);
BUSINESS ACTIVITIES 3. Multipurpose financing;
Adira Finance has conducted business activities 4. Durables financing;
in accordance with the amended Articles of 5. Sharia financing using the Murabahah contract;
Association mentioned above, for the financial 6. Heavy equipment financing.
year ending on December 31, 2023.
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LIST OF MEMBERSHIP
IN ASSOCIATION [SEOJK C.5] [GRI 2-28]
Association Name Position Position Period
Indonesian Financial Member Updated annually
Services Association (IFSA) (1057/JKT/92)
Since 1992
I Dewa Made Susila 2022-2027
Head of Compliance, Risk
Management and Sharia
Financing
Harry Latif 2022-2027
PT Adira Dinamika Vice Chairman of Four
Multi Finance Tbk Wheelers Committee
Denny Riza Farib 2022-2027
Risk Management Committee
The Indonesian Employers Anggota Updated annually
Association (APINDO) (0218.01.009.100.132.1105)
Since 2005
Badan Mediasi Anggota Updated annually
Pembiayaan Pegadaian (1007/022017/BMPPVI)
dan Ventura Indonesia
(BMPPVI)
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ORGANIZATION STRUCTURE
ADIRA FINANCE
Chief Executive
Officer
I Dewa Made Susila
Chief of Sales, Service
Chief of Business Alliance & Distribution Officer,
Chief of Portfolio Officer concurrently Chief
Strategy Officer
Harry Latif Financial Officer
Jin Yoshida
Niko Kurniawan
Bonggowarsito
Deputy Director - Deputy Director -
Chief of Financial Chief of Risk
Officer Officer
Deputy Director - Deputy Director - Head of Regional Sylvanus Gani K. Sigit Hendra
Head of Head of National SSD Mendrofa Gunawan
1. Irfan Budianto
Retail Motorcycle Non Dealer Channel,
2. Agus Hartanto
Financing Retention & Durable
3. Iwan Chandra
Andi Sutanto Danny Hendarko 4. Nanang
Kurniawan
5. Krisdianto
Head of Head of Non 6. Handi
Head of Dealer Head of SND 7. Surya Almanda
Head of Business National Head of Corporate Head of Risk
National Channel & System Syahlani
Alliance Strategy Commercial Finance Management
Yamaha NMcy Retention Solution 8. Suwanto
Lowong Agus Hamid Aan Setiawandi Pramono Pranoto
Trianto Subekti Indra Meyman Danny William 9. Weldya Putra
Arief
Harefa Caniago
Head of Head of
Head of National Head of Head of SSD Head of
National Head of Keday Analytical, Head of
Fleet Business National New Management Operational
Honda NMcy Andy MIS & Procurement
Reza Hasyim Car 1 Max Eka Risk Management
Chandra Kurniawan Compliance Didik Sukarmadi
Tamin Dwi Prasetiyo Darmawan Achmad Komara
Hermanto Lowong
Head of Head of MPL
Head of National Head of Finance Head of Risk
Development Head of SSD
National New Suzuki & & Cash Analytics
& Analysis Support
Car 2 Multibrand Management & MIS
Valen Riediv Andree Wibowo
Andy Teguh NMcy Maria Sari Dewi Lowong
Kiernadi
Paul
Octavianus
Jayaputra
Head of Head of Business Head of
Head of
National Used Partnership Information
Head of Accounting & Tax
Car Management Risk Management
National Used Lindawati Soetopo
Ronald Donna Rudy Widjaja Guntur Pratomo
Mcy
Sugianto
Head of Quality
Head of Sharia Assurance
Yusron Ingrid Sri Komala
Dewi
Head of Risk
Head of Operation Policy
Support Development
Miranti Hidajat Stephanus Taufan
Wibowo
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Chief of Credit, Chief of HC Management &
Collection & Legal CREM Officer, concurrently
Officer Chief Marketing Officer
Denny Riza Farib Swandajani Gunadi
Deputy Director - Deputy Director -
Deputy Director -
Head of Strategy Head of Digital Center
Head of IT
Transformation of Excellence
Anis Radianis
Bohan Kesuma Manuel D. Irwanputera
Head of IT Head of
Head of Head of Digital Marketing Head of
Head of Credit Business Head of Corporate
Transformation Business Strategy & Internal Audit
Retail Partner University
Management Automotive Customer Haryadwi S.
Lowong Teguh Supriyatna Dolly Arora
Salman Fauzie Edwin Kartawinata Experience Kartawidjaja
Putera
Tania Endah B.
Head of Brand
Head of Business Head of Digital Head
Head of Collection Head of IT & Corporate
Process Product & Head of HCGA Compliance &
Henrick Kusno Development Communication
Improvement Engineering Tri Evita Aryani AML Unit
Sujarwadi Budi Pranoto Gandhy
Bien Costan Iyan Waer Veronika Dyah P.
Inderayana
Head of Corporate Head of Corporate
Head of Loan & Head of Digital
Head of IT Real Estate Head of Business Secretary, Investor
Asset Business Non
Operation Management Analytics Relation &
Recovery Automotive
Ricky Mas Basuardi (CREM) Andreas Burhan T. Funding
Riyantono Lowong
Hanafi Suprapto Perry B. Slangor
Head of IT
Head of Legal
Infrastructure
Ingrid
Management
Setiadharma
Gofur Herryanto
Head of Credit
Fleet & Head of IT Office
SME Budi Pranoto
Lowong
Head of IT
Governance
Teguh Supriyatna
Putera
Head of IT
Security
Rachmat Adijayadi
Head of IT
Architecture
Rachmat Adijayadi
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Vision and Mission [SEOJK C.1] [GRI 2-6]
VISION
Creating shared value to
improve prosperity.
MISSION
To provide a variety of financial
solutions according to the
needs of each customer through
synergy with the ecosystem.
Overview of Vision and Mission
Adira Finance has reviewed the suitability of the
Company’s Vision and Mission to the current conditions
and business challenges facing the Company in the
future. Based on the review undertaken and attended
by the Board of Directors, Adira Finance’s Vision and
Mission remain appropriate to the current conditions and
challenges faced by the Company in the future.
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Corporate Culture and
Corporate Values
...ADIRA TOP has become a consistent
part of the personal values of each
employee at Adira Finance, as well as
the culture that drives the Company’s
business activities...
ADVANCE
One step ahead and faster
compared to other people in
ACCOUNTABLE
general or competitors; Having
Informing matters based on
a clear and focused conception;
factual data; and being objective,
and Capable of making quick and
wise and transparent.
proper decisions in all
circumstances.
DISCIPLINE
Heading in a better direction
through the process of planning,
TEAMWORK
implementation, oversight, and
Synergy; Willingness to sacrifice
continuous improvement; Way of
for one another; and never pass
thinking and behaving that is as
the blame to another person.
perfect as possible; and Discipline
in accordance to the norms of the
organization.
OBSESSED
INTEGRITY
Working with an appropriate
Commitment along with
process and being driven by
consistent attitude; Trustworthy
generating the optimal results;
(honest and sincere); Able to
high motivation in the form of a
maintain ethical business conduct;
willingness to walk the extra mile
Strong sense of belonging; and
and demonstrating proactivity;
becoming a role model to other
skill sharpening; and taking care of
employees.
each other.
RELIABLE
PROFESSIONAL
Having winner mentality, as
Customer oriented; Reliable
reflected with positive thinking
leadership skills; Possessing
and intelligent behavior; and a
entrepreneurship abilities, capable
strong sense of responsibility in all
of calculating risk, being both
matters.
innovative and creative.
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Business
Strategy In
2023
Adira Finance is always cognizant of the dynamics of the
financing industry and takes the initiative to implement a variety
of strategic policies in order to grow sustainably.
The following strategies and policies that are enforced in 2023:
1. Strengthen and gain market share in the automotive
business through product diversification and by providing
various attractive sales programs for customers, as well as
strengthening good relations with our dealers;
2. Expand networks to non-automotive businesses by continuing
to diversify the products offered to support business growth
such as multipurpose loans and durables;
3. Increase customer retention by offering loyalty and referral
programs, as well as conducting cross-selling based on
needs to existing consumers. Thus providing a better
customer experience to support the growth of the Company’s
financing;
4. Accelerate digitalization within the Company and its
ecosystem to improve business efficiency and effectiveness
such as performing digital/automation processes and
investing in digital platform (Adiraku, momobil.id, momotor.id,
dicicilaja.co.id and etc);
5. Continue to manage its asset quality in order to keep the NPL
ratio under control by applying prudent risk-management
principles;
6. Secure and manage sufficient liquidity to fund business
requirement and to meet all financial obligations.
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ADIRA FINANCE
IN NUMBERS [SEOJK C.3]
2021: 17,093 people 2021: Rp10,930.0 billion
2022: 17,301 people 2022: Rp10,513.3 billion
HUMAN RESOURCES DEBT
2023:
17,243 2023: IDR
16,057.1
people billion
2021: IDR8,653.1 billion 2021: IDR8,946.4 billion *)
2022: IDR8,340.4 billion 2022: IDR10,032.4 billion
TOTAL INCOME EQUITY
IDR
9,507.9 IDR
11,112.2
2023: 2023:
billion billion
2021: IDR23,709.1 billion *) 2021: IDR14,762.8 billion *)
2022: IDR24,897.2 billion 2022: IDR14,864.8 billion
TOTAL ASSETS TOTAL LIABILITIES
2023: IDR
31,007.2 2023: IDR
19,895.0
billion billion
2021: 440
2022: 459
NUMBER OF BUSINESS NETWORKS
466
2023:
Notes:
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for
the years ending on December 31, 2022
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BRAND AND LOGO MEANING
PT Adira Dinamika Multi Finance Tbk introduced wants to serve consumers its all aspects of their
a new logo and brand promise in 2015, "Sahabat lives in order to build long-term relationships or
Setia Selamanya." This tagline exhibits the create customers for life. Adira Finance wants its
company’s commitment to build long-term customers to feel its presence as a best friend
partnerships in its ecosystem, both internally (sahabat) who can provide solutions and create
and externally, such as employees, consumers, synergies in the concept of “Sahabat Adira”.
business partners, and other stakeholders.
"Sahabat" in the Company's philosophy has a very
The identity and brand promise are manifestations deep meaning, namely the personality values that
of the company's long-term business strategy Adira Finance reflects to customers: Flexible, Open,
that is believed to be able to support sustainable Innovative, and Synergistic.
performance. Through its identity, Adira Finance
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BRAND PERSONALITY
FLEXIBLE INNOVATIVE
Adira Finance does not make easy things difficult Adira Finance always provides the right and
and always provides convenience to its customers. creative solutions both at work and in providing
products and services to its customers.
TRANSPARENT SYNERGISTIC
Adira Finance is always open and transparent in Adira Finance always instils a spirit of collaboration
providing information to its customers. both internally and externally with its customers
and business partners.
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BOARD OF COMMISSIONERS PROFILE
Daisuke Ejima
President Commissioner
Nationality Japan
Age/Gender 55 years old/Male
Educational Background 1. Master of Business Administration – University of Michigan (1999)
2. Bachelor of Economy – University of Tokyo (1987)
Position History
• Legal Basis of Appointed as President Commissioner for the first time through the Annual GMS on April 4, 2023 and
Appointment effectivelly served since October 10, 2023 based on the Decree of the OJK Board of Commissioners
regarding the Results of the Fit and Proper Assessment No. KEP-3/KDK.06/2023.
• Work Experience 1. President Commissioner of the Company (April 2023-present)
2. President Director of PT Bank Danamon Indonesia Tbk (April 2023-present)
3. Regional Executive MUFG Bank, Ltd, Singapore (May 2022-March 2023)
4. Vice Chairman, Non-Executive Director & Member of the Nomination and Remuneration Committee
of Bank of Ayudhya PCL (Krungsri), Thailand (July 2022-March 2023)
5. Executive Country Head MUFG Bank, Ltd. (formerly The Bank of Tokyo Mitsubishi UFJ, Ltd.), Jakarta
(2018-2022)
6. Country Head of The Bank of Tokyo Mitsubishi UFJ, Ltd. Jakarta (January 2018-June 2018)
7. Deputy General Manager of The Bank of Tokyo Mitsubishi UFJ, Ltd. Singapore (2017-2018)
8. Manager of The Bank of Tokyo Mitsubishi UFJ, Ltd. Tokyo (2013-2017)
9. Managing Director of The Bank of Tokyo Mitsubishi UFJ, Ltd. Tokyo (2012-2013)
10. Director of the Bank of Tokyo Mitsubishi UFJ, Ltd. Tokyo (2009-2012)
11. Secondment the Bank of Tokyo Mitsubishi UFJ, Ltd. New York (2004-2009)
12. Vice President of the Bank of Tokyo Mitsubishi UFJ, Ltd. New York ((2001-2004)
13. Manager of the Bank of Tokyo Mitsubishi UFJ, Ltd. Tokyo (1996-1999)
14. Head of Department of the Japanese Ministry of Finance (1994-1996)
• Concurrent Position President Director of PT Bank Danamon Indonesia Tbk
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification 1. Basic Financing Certification (Indonesian Financial Company Certification Body)
2. Risk Management Level 5 (Risk Management Certification Body)
Affiliate Relations Has no affiliation with members of the Board of Commissioners and members of the Board of Directors,
but serves as President Director of PT Bank Danamon Indonesia Tbk which is the main shareholder of the
Company.
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term of Office October 10, 2023 until the closing of the Annual General Meeting of Shareholders for Fiscal Year 2023
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Krisna Wijaya
Independent Commissioner
Nationality Indonesia
Age/Gender 68 years old/Male
Educational Background 1. Inter-Field Studies Doctoral Program - Gadjah Mada University Graduate School (2009) (Graduated
Cum Laude)
2. Master of Management Study Program, Department of Agribusiness - Gadjah Mada University (MM
UGM)
3. Bachelor of Agriculture Majoring in Agribusiness - Bogor Agricultural Institute (IPB)
Position History
• Legal Basis of Appointed as Commissioner and Independent Commissioner of the Company for the first time at the
Appointment Annual GMS on 18 May 2016, and reappointed as Independent Commissioner at the Annual GMS on June
30, 2021.
Appointed as Chairman of the Corporate Governance Committee based on the Decree of the Board
of Commissioners dated July 29, 2021 and appointed as Chairman of the Corporate Risk Monitoring
Committee based on the Decree of the Board of Commissioners dated March 30, 2021
• Work Experience 1. President Commissioner of PT Jaminan Kredit Indonesia (2023-present)
2. Chairman of the Company Risk Monitoring Committee (2021-present)
3. Chairman of the Corporate Governance Committee (2021-present)
4. Independent Commissioner of the Company (2016-present)
5. President Commissioner of PT Perusahaan Pengelola Aset (2020-present)
6. President Commissioner of PT Danareksa (2019-2020)
7. Independent Commissioner of PT Mahaka Radio Integra Tbk (2017-2019)
8. Independent Commissioner and Chair of the Company's Audit Committee (2016-2021)
9. Independent Commissioner of PT Brilian Indah Gemilang (2019- present)
10. Member of the Assessment Team for Clarification/Presentation of the Capability and Proper Test in
the Banking Sector, Financial Services Authority (2016-present)
11. Director of the Indonesian Banking Development Institute (LPPI) (2016-present)
12. President Commissioner/Independent Commissioner of PT BNI Life Insurance (2015-2018)
13. Member of the Supervisory Board of the Adaro Building the Nation Foundation (2010-present)
14. Independent Commissioner, Chair of the Audit Committee and Member of the Risk Management
Committee, PT Bank Mandiri Tbk (2010-2015)
15. Member of the Sharia Supervisory Board of PT Jaya Proteksi Takaful (2009-2016)
16. Member of the Sharia Supervisory Board of PT Chub Syariah Insurance (2017-present)
17. Commissioner and member of the Audit Committee of PT Bank Danamon Indonesia Tbk. (2008-2010)
18. Member of the PT Mahaka Group Audit Committee (2006-2016)
19. Member of Commissioner/Chief Executive (CEO) of the Deposit Insurance Corporation (2005-2007)
20. Commissioner of PT. Bank Rakyat Indonesia (Persero) Tbk. (2005)
21. Director of Micro and Small Enterprises PT Bank Rakyat Indonesia (Persero) Tbk. (2003-2005)
22. Operational Director of PT Bank Rakyat Indonesia (2000-2003)
23. Head of Education and Training Division PT Bank Rakyat Indonesia (1996-2000)
24. Head of Semarang Branch PT Bank Rakyat Indonesia (1994-1995)
25. Head of Surakarta Branch Sudirman PT Bank Rakyat Indonesia (1992-1994)
26. Head of Commercial Business Regional Office BRI Surabaya PT Bank Rakyat Indonesia (1990-1991)
27. Senior Leasing Officer PT Sanwa BRI Leasing (1983-1987)
28. General Staff Candidate PT Bank Rakyat Indonesia (1980)
• Concurrent Position 1. President Commissioner of PT Jaminan Kredit Indonesia
2. President/Independent Commissioner of PT Brilian Indah Gemilang
3. Member of the Board of Trustees of Yayasan Adaro Pembangunan Negeri
4. Member of Sharia Supervisory Board of PT Chub Syariah Insurance
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Basic Financing Certification (Indonesian Financing Professional Certification Body)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Share
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Manggi Taruna Habir
Independent Commissioner
Nationality Indonesia
Age/Gender 70 years old/Male
Educational Background 1. Bachelor of Arts in Economics - McGrill University, Montreal, Canada (1977)
2. Master in Business Administration - University of Michigan, Michigan, USA (1979)
3. Master in Public Administration - Harvard University, Massachusetts, USA (2001)
Position History
• Legal Basis of Appointed as Independent Commissioner of the Company for the first time through the Annual GMS
Appointment Resolution on June 30, 2021 and began serving actively on August 31, 2021 based on the Decree of the OJK
Board of Commissioners regarding the Results of the Fit and Proper Assessment No. KEP-43/KDK.05/2021.
Appointed as Chairman of the Company's Audit Committee based on the Decree of the Board of
Commissioners dated September 16, 2021, as Chairman of the Company's Nomination and Remuneration
Committee based on the Decree of the Board of Commissioners dated October 18, 2021, and as a member
of the Risk Monitoring Committee based on the Decree of the Board of Commissioners dated June 6, 2021.
• Work Experience 1. Member of the Company Risk Monitoring Committee (2022 - present)
2. Chairman of the Company's Nomination and Remuneration Committee (2021 - present)
3. Chairman of the Company's Audit Committee (2021 - present)
4. Independent Commissioner of the Company (2021 - present)
5. Independent Commissioner of PT ABM-Investama Tbk (2021 - present)
6. Independent Member of the Audit Committee and Risk Monitoring Committee of PT Bank Jago Tbk
(2021 - present)
7. President Commissioner of PT Berdayakan Usaha Indonesia (2021 - present)
8. Visiting Fellow at the Institute of Southeast Asian Studies, Yusof Ishak Institute, Singapore (2020 -
2021)
9. Independent Member of the Risk Monitoring Committee of PT Bank Danamon Indonesia Tbk (May
2020 - December 2020)
10. Independent Commissioner of PT Bank Danamon Indonesia Tbk (2005 - 2020)
11. President Commissioner of PT Asuransi Adira Dinamika (2009 - 2019)
12. Director of Financial Institution Ratings, Standard & Poor's, Singapore (2002 –2005)
13. President Director of PT Pemeringkat Efek Indonesia (1998 - 2001)
14. Executive Vice President of Research PT Bahana Securities (1995 - 1998)
15. Managing Partner HBKonsultan (1991 - 1995)
16. Vice President, Head of Citibank Financial Institutions Unit, Jakarta (1985 – 1990)
17. Far Eastern Economic Review Economic and Business Journalist (1982 - 1985)
18. Manager Citibank N.A (1981 - 1982)
19. Assistant Manager PT Multinational Finance Corporation (Multicor) (1979-1981)
• Concurrent Position 1. Independent Commissioner and Chairman of Audit Committee of PT ABM-Investama Tbk
(2021 - present)
2. Independent Member of the Audit Committee and Risk Monitoring Committee of PT Bank Jago Tbk
(2021 - present)
3. President Commissioner of PT Berdayakan Usaha Indonesia (2021 - present)
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification 1. Basic Financing Certification, (Indonesian Financing Professional Certification Body)
2. Risk Management Certification Level 2, Risk Management Certification Body
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Share
Ownership
Term Office August 31, 2021 until the closing of the Annual GMS for the 2023 financial year
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Eng Heng Nee Philip
Commissioner
Nationality Singapore
Age/Gender 77 years old/Male
Educational Background 1. Accounting - Institute of Chartered Accountants, Australia (1971)
2. Accounting - University of New South Wales (1969)
Position History
• Legal Basis of Appointed as the Company’s Commissioner for the first time through the Annual GMS on June 5, 2007 and
Appointment re-appointed as the Company’s Commissioner based on the Decree of the OJK Board of Commissioners
regarding the Results of the Fit and Proper Test No. KEP-15/D.05/2015. Reappointed as the Company’s
Commissioner based on the Resolution of the Annual GMS dated June 30, 2021. Appointed as a member
of the Company's Nomination and Remuneration Committee based on the Decision of the Board of
Commissioners dated March 30, 2021.
• Work Experience 1. Chairman ALPS Pte. Ltd (formerly known as Agency for Healthcare Supply Chain Pte. Ltd)
(2018-present)
2. Chairman of TSI Tech Pte. Ltd. (formerly known as Transmex Systems International Pte. Ltd.)
(2017-present)
3. Company Commissioner (2016-present)
4. Member of the Company's Nomination and Remuneration Committee (2015-present)
5. Director Vanda I Investments Pte. Ltd (2014-2019)
6. Director Frasers Australia Pty. Ltd (2014-2022)
7. Director KK Women's and Children's Hospital Pte. Ltd., Singapore (2012-2018)
8. Director of Frasers Property Limited (formerly known as Frasers Centrepoint Limited) (2013-2022)
9. Director Ezra Holdings Ltd., Singapore (2012-2019)
10. Chairman of the Company's Risk Management Committee (2011-2019)
11. Commissioner and Independent Commissioner of the Company (2011-2016)
12. Non-Executive Director Asia Pacific Breweries Ltd., Singapore (2011-2013)
13. Non-Executive Director of Hup Soon Global Corp. Ltd., Singapore 2010-2013)
14. Director Singapore Health Services Pte. Ltd., Singapore (2009-2018)
15. Director of The Hour Glass Ltd., Singapore (2009-2018)
16. Director Hektar Asset Management Sdn. Bhd., Malaysia (2008-present)
17. Independent Non-Executive Director and Chairman of the NTUC Income Audit Committee, Singapore
(2008-2017)
18. Non-Executive Director OpenNet Pte. Ltd., Singapore (2008-2013)
19. Member of the Company's Audit Committee (2007-2016)
20. Company Commissioner (2007-2011)
21. Member of the Company's Risk Management Committee (2007-2011)
22. Non-Executive Director at Sunrise MCL Land Sdn (2007-2011)
23. Director at Frasers Centrepoint Asset Management Ltd., Singapore (2006-2018)
24. Chairman at mDR Limited, Singapore (2005-2017)
25. Deputy Chairman at MCL Land Ltd., Singapore (2005-2011)
26. Non-Executive Director at Chinese Development Assistance Council, Singapore (2004-2014)
27. Group Managing Director at Jardine Cycle & Carriage Ltd., Singapore (1996-2005)
• Concurrent Position 1. Chairman of ALPS Pte. Ltd (formerly known as Agency for Healthcare Supply Chain Pte. Ltd)
(2018-present)
2. Chairman of TSI Tech Pte. Ltd. (formerly known as Transmex Systems International Pte. Ltd.)
(2017-present)
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Basic Financing Certification (Indonesian Financing Professional Certification Body)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Singapore
Number of ADMF Share 0 Share
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Congsin Congcar
Commissioner
Nationality Thailand
Age/Gender 53 years old/Male
Educational Background 1. SASIN Executive Program (SEP25 Alumni) - SASIN Graduate Institute of Business Administration,
Chulalongkorn University (2011)
2. Bachelor of Accounting and Finance - University of Alberta, Canada (1991)
Position History
• Legal Basis of Appointed as Commissioner for the first time on March 31, 2020 based on the Resolution of the Annual
Appointment GMS for the 2019 Fiscal Year and began serving actively on December 28, 2020 based on the Decree of
the OJK Board of Commissioners regarding the Results of the Fit and Proper Assessment No. KEP-95/
KDK.05/2020, and reappointed at the Annual GMS on June 30, 2021
• Work Experience 1. The Company’s Commissioner (28 December 2020-present)
2. Head of Krungsri Auto Group Bank of Ayudhya PCL (2022-present)
3. Executive Vice President, Krungsri Auto Group Bank of Ayudhya PCL (2021-2021)
4. Head of Krungsri Auto Finance and Strategy Division, Krungsri Auto Group Bank of Ayudhya PCL
(2017-2021)
5. Executive Vice President, Head of Krungsri Auto Strategic Division, Krungsri Auto Group Bank of
Ayudhya PCL (2015-2016)
6. Acting Head of Krungsri Auto Finance and Accounting Division, Krungsri Auto Group Bank of Ayudhya
PCL (2015)
7. Head of Krungsri Auto Finance and Accounting Division, Krungsri Auto Group Bank of Ayudhya PCL
(2014-2015)
8. Director, Ayudhya Capital Services Co., Ltd. (2017- present)
9. Chief Financial Officer, Ayudhya Capital Auto Lease PCL (2008-2014)
10. Chief Financial Officer, GE Capital Auto Lease PLC. (2006-2007)
11. Senior Management Team, (Siam Commercial Bank PCL largest Auto Hire-Purchase & Leasing
subsidiary) (1996-2006)
• Concurrent Position Head of Krungsri Auto Group Bank of Ayudhya PCL (2022-present)
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification 1. Basic Financing Certification (Indonesian Financing Professional Certification Body)
2. Executive Development Program (Cornell University)
3. Director Certification Program (Thai Institute of Directors Association)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Thailand
Number of ADMF Share 0 Share
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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and Analysis Responsibility
Hafid Hadeli
Commissioner
Nationality Indonesia
Age/Gender 60 years old/Male
Educational Background Bachelor of Accounting - Trisakti University (1988)
Position History
• Legal Basis of Appointed as the Company’s Commissioner for the first time based on the Extraordinary GMS on
Appointment October 3, 2022 and has been effective since December 19, 2022 based on the Decree of the OJK Board of
Commissioners regarding the Results of the Fit and Proper Assessment No. KEP-56/KDK.05/2022
• Work Experience 1. The Company’s Commissioner (2022-present)
2. Deputy President Director of PT Bank Danamon Indonesia Tbk. (2022-present)
3. President Director and Compliance Director of the Company (2017-2022)
4. Director of Corporate Financing Marketing (2012-2017)
5. Marketing Director of Car Financing of the Company (2010-2012)
6. Director of Finance and Corporate Secretary of the Company (2006-2010)
7. Director of PT Broadband Multimedia Tbk (2002-2005)
8. Deputy President Director at PT Bank Lippo Tbk (2001-2002)
9. Various senior positions at Citibank, N.A., Jakarta (1988-2001)
10. Auditor at Arthur Andersen & Co. (1985-1988)
• Concurrent Position Vice President Director of PT Bank Danamon Indonesia Tbk (2022-present)
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification 1. Basic Certification of Commissioners (Indonesian Financing Professional Certification Body)
2. Financing Expert Certification (Indonesian Financing Professional Certification Body
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Share
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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AUDIT COMMITTEE PROFILE
Manggi Taruna Habir
Chairman of the
Audit Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Chairman of the Company's Audit Committee based on the Decree of the Board of
Appointment Commissioners dated September 16, 2021.
Term of Office September 16, 2021 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Jusuf Sukiman
Member of the Audit Committee
Nationality Indonesia
Age/Gender 61 years old/Male
Educational Background 1. Executive MBA Program-Asian Institute of Management (2014)
2. Master of Information Systems-Gunadarma University (1998)
3. Bachelor of Accounting-Trisakti University (1987)
Position History
• Legal Basis of Appointed as Member of the Audit Committee based on the Decree of the Company's Board of
Appointment Commissioners on September 16, 2021.
• Work Experience 1. Member of the Company's Audit Committee (2021-present)
2. Chief Internal Auditor PT Bank Mega Tbk (2006-2020)
3. Vice President Internal Auditor CT Corporation (2005-2006)
4. Head of Regional Audit Division PT Bank Danamon Indonesia Tbk (1988-2005)
5. Senior Auditor PT United City Bank (1986-1988)
• Concurrent Position -
Education or Training to National Conference 2023 : Overseeing the Company’s Sustainability and Growth through Risk Supervision
Improve Competency 2023 and Control, Indonesian Audit Committee Association
Certification 1. Level 4 Banking Risk Management Certification (Banking Professional Certification Body)
2. Microsoft Certified Systems Engineer (Microsoft Company)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 share
Ownership
Term Office September 16, 2021 until the closing of the Annual GMS for the 2023 financial year
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Restiana Ie Tjoe Linggadjaya
Member of the Audit Committee
Nationality Indonesia
Age/Gender 57 years old/Female
Educational Background 1. Candidate Doctoral of Research in Management, Doctoral Program - Faculty of Economics and
Business, Pelita Harapan University (2021 - estimated graduation 2024).
2. Master in Management (MM) - Asian Institute of Management, Philippines (1999-2000) (Full
Scholarship)
3. Bachelor of Economics - Trisakti University, Indonesia (1985-1989)
Position History
• Legal Basis of Appointed as Member of the Audit Committee based on the Decree of the Company's Board of
Appointment Commissioners on July 1, 2022
• Work Experience 1. Member of the Company's Audit Committee (2022-present)
2. Chief Audit Executive, Indonesia Eximbank (May 2020-December 2020)
3. Chief Compliance & Risk Audit Officer, PT Smartfren Telecom Tbk (2018-2020)
4. Chief Operating Officer, PT Maybank Indonesia Tbk (2017-2018)
5. Chief Audit Executive & SEVP, PT Bank CIMB Niaga, Indonesia Tbk (2010-2017)
6. Chief Internal Auditor & SEVP, PT Bank Danamon Indonesia Tbk (2004-2010)
7. Finance & Accounting Director, PT Asuransi Allianz Life Indonesia (2002-2004)
8. Vice President - Internal Audit, ABN AMRO Bank N.V. Indonesia (2000-2002)
9. Vice President - Treasury, Cash Management & Custody, PT ING Barings Indonesia (1996-1998)
10. Manager, Citibank N.A, Indonesia (1990-1996)
• Concurrent Position
Education or Training to National Conference 2023 : Overseeing the Company’s Sustainability and Growth through Risk Supervision
Improve Competency 2023 and Control, Indonesian Audit Committee Association
Certification 1. Certified Risk Management Assurance (CRMA) (The Institute of Internal Auditors)
2. Certified Internal Auditor (CIA) (The Institute of Internal Auditors)
3. Certified Trainer - Risk Management Level 1 (Global Association of Risk Professionals (GARP) & Risk
Management Certification Body (BSMR))
4. International Certificate in Banking Risk & Regulation (Global Association of Risk Professionals (GARP)
& Risk Management Certification Body (BSMR))
5. Risk Management Certification Level 1, 2, 3, 4 and 5 (Indonesian Banking Professional Certification
Agency/LSPP)
6. Indonesian Capital Market Certification, such as Investment Manager (WMI), Underwriter (WPEE),
Broker Dealer (WPPE) (Committee for Capital Market Professional Standard)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office July 1, 2022 until the closing of the Annual GMS for the 2023 financial year
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and Analysis Responsibility
RISK MONITORING COMMITTEE PROFILE
Krisna Wijaya
Chairman of Risk Monitoring Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Chairman of the Company's Risk Monitoring Committee based on the Decree of the Board
Appointment of Commissioners dated March 30, 2021
Term of Office March 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Manggi Taruna Habir
Member of the Risk Monitoring
Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Member of the Company's Risk Monitoring Committee based on the Decree of the Board of
Appointment Commissioners dated June 6, 2021
Term of Office June 6, 2021 until the closing of the Annual GMS for the 2023 financial year
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Rio Erriad
Member of the Risk Monitoring
Committee
Nationality Indonesia
Age/Gender 57 years old/Male
Educational Background 1. Advanced Leadership Management-INSEAD Business School, Singapura (2010)
2. Master of Business Administration-Queensland University of Technology, Australia (1994)
Position History
• Legal Basis of Appointed as Member of the Company's Risk Monitoring Committee based on the Decree of the
Appointment Company's Board of Commissioners on March 30, 2021
• Work Experience 1. Member of the Company’s Risk Monitoring Committee (2021-present)
2. Credit Risk Head, Executive Vice President PT Bank Danamon Indonesia Tbk (2012-2021)
3. Senior Vice President of PT Bank Danamon Indonesia Tbk (2009-2012)
4. Vice President of PT Bank Danamon Indonesia Tbk (2006-2009)
5. Member of various Key Projects and Committees of PT Bank Danamon Indonesia Tbk (2006-2020)
6. Vice President of PT Bank ICB Bumiputera Tbk (2005-2006)
7. Country Head Dow Jones Telerate Pte Ltd, Singapore (2003-2005)
8. Assistant Vice President RMG Lippobank (2000-2003)
9. Assistant Vice President of Bank PDFCI (1998-2000)
10. Senior Manager of PDFCI Bank (1996-1998)
11. Assistant Manager ABN Amro Bank N.V (1994-1996)
• Concurrent Position -
Education or Training to Speaker at Training for Credit Analyst : Intermediate Credit Bootcamp SME Danamon
Improve Competency 2023 (Gunawan Darmawan Octavian Chandra Law Firm)
Certification 1. GRC Professional (Open Compliance &; Ethics Group)
2. Islamic Finance Qualification (The Chartered Institute for Securities Investment)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office March 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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NOMINATION AND REMUNERATION
COMMITTEE
Manggi Taruna Habir
Chairman of the Nomination
and Remuneration Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Chairman of the Company's Nomination and Remuneration Committee based on the
Appointment Decree of the Board of Commissioners dated October 18, 2021
Term of Office October 18, 2021 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Daisuke Ejima
Member of the Nomination and
Remuneration Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as a Member of the Company's Nomination and Remuneration Committee based on the
Appointment Resolution of the Board of Commissioners dated February 7, 2024
Term of Office February 7, 2024 until the closing of the Annual GMS for the 2023 financial year
Eng Heng Nee Philip
Member of the Nomination and
Remuneration Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Member of the Company's Nomination and Remuneration Committee based on the Decree
Appointment of the Board of Commissioners dated March 30, 2021.
Term of Office March 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Tri Evita Aryani
Member of the Nomination and
Remuneration Committee
Nationality Indonesia
Age/Gender 52 years old/Female
Educational Background Bachelor of Management-University of Indonesia (1994)
Position History
• Legal Basis of Appointed as Member of the Company's Nomination and Remuneration Committee based on the Decree
Appointment of the Board of Commissioners dated March 30, 2021
• Work Experience 1. Member of the Company's Nomination and Remuneration Committee (2021-present)
2. General Manager Human Resource Division of the Company (2010-present)
3. Director of Group Human Resource Division Gunung Steel GROUP (2009-2010)
4. Director of Group Human Resource Division PT Tunas Ridean Tbk (TUNAS GROUP) (2005-2009)
5. General Manager Human Resources PT Heinz ABC Indonesia (2003-2005)
6. Compensation, Benefits & Recruitment Manager PT Mattel Indonesia (2002-2003)
7. Consultant William M. Mencer (1998-2000)
8. Consulting Analyst Corporate Resources Group (1994-1998)
• Concurrent Position -
Education or Training to -
Improve Competency 2023
Certification Basic Financing Certification - Managerial (Indonesian Financing Professional Certification Body)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office March 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
CORPORATE GOVERNANCE
COMMITTEE PROFILE
Krisna Wijaya
Chairman of Corporate Governance
Committee
Profile The complete profile is presented in the Profile of the Board of Commissioners
Position History
• Legal Basis of Appointed as Chairman of the Corporate Governance Committee based on the Resolution of the Board of
Appointment Commissioners dated July 29, 2021
Term of Office July 29, 2021 until the closing of the Annual GMS for the 2023 financial year
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Page 102
Diyah Sasanti
Member of the Corporate Governance
Committee
Nationality Indonesia
Age/Gender 57 years old/Female
Educational Background 1. Master of Notary - Padjadjaran University, Bandung (2009)
2. Master of Business Law - Padjadjaran University Bandung (2006)
3. Master of Business Administration - Newport University, California (1998)
4. Bachelor of Laws - Jember University (1989)
Position History
• Legal Basis of Appointed as Member of the Corporate Governance Committee based on the Decree of the Board of
Appointment Commissioners on July 29, 2021
• Work Experience 1. Commissioner of PT Indesso Promatama (2021-present)
2. Member of the Corporate Governance Committee (2015-present)
3. Vice President for Women and Children of the Indonesian Advocates Congress (2014-present)
4. Commissioner of PT DISA (2011-present)
5. Member of the Company's Audit Committee (2011-2016)
6. Legal Counsel Agritrade International Pte Ltd (2010-2020)
7. Advisor WSJ International SDN BHD (2010-2017)
8. Advisor PT Total Sinergy International (2010-2020)
9. Member of the Company's Audit and Risk Management Committee (2008-2011)
10. Director of PT Darmex Agro (2008-2010)
11. Advisor to PT Pembangunan Perumahan (2007-2008)
12. Advisor PT Lippo E-Net Tbk (2006-2007)
13. Corporate Secretary of PT Lippo E-Net Tbk (formerly PT Lippo Life Tbk) (2000-2006)
14. Director of PT Asuransi AIG Lippo (1998-1999)
15. Corporate Secretary and Head of Legal Division PT Lippo Life Tbk (1997-1998)
16. Head of Legal Division PT Lippo Life Tbk (1994-1996)
17. Corporate Secretary Staff of PT Bank Lippo Tbk (1991-1994)
18. Internal Audit of PT Bank Lippo Tbk (1990-1991)
19. Account Officer PT Bank Lippo Tbk (1989-1990)
• Concurrent Position 1. Vice President for Women and Children of the Indonesian Advocates Congress (2014-present)
2. Commissioner of PT Indesso Promatama (2021-present)
3. Commissioner of PT DISA (2011-present)
Education or Training to -
Improve Competency 2023
Certification 1. Certificate Indonesian Lawyer
2. Certified Legal Auditor
3. Certified Liquidator Indonesia
4. Certified Risk Associate
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Bogor
Number of ADMF Share 0 Shares
Ownership
Term Office July 29, 2021 until the closing of the Annual GMS for the 2023 financial year
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and Analysis Responsibility
BOARD OF DIRECTOR PROFILE
I Dewa Made Susila
President Director
Nationality Indonesia
Age/Gender 53 years old/Male
Educational Background 1. Chartered Financial Analyst (CFA)-Association Investment Management and Research (2003)
2. Faculty of Economics Master of Management-PPM College of Management (1998)
3. Bachelor of Agribusiness-Bogor Agricultural Institute (1993)
Position History
• Legal Basis of Appointed as President Director through the Annual GMS on March 30, 2022 and began serving actively
Appointment on July 1, 2022 based on the Decree of the OJK Board of Commissioners concerning the Results of the
Fit and Proper Test No. KEP-28/KDK.05/2022.
• Work Experience 1. Commissioner of PT Home Credit Indonesia (2023-present)
2. President Director of the Company (July 1, 2022-present)
3. Director of Compliance and Corporate Secretary of the Company (2011-2017)
4. Director of Corporate Finance (2010-2022)
5. Head of Investor Relations & Subsidiary Support Division PT Bank Danamon Indonesia Tbk.
(2004-2010)
6. Deputy Head of Corporate Affairs Division PT Bank Danamon Indonesia Tbk. (2001-2003)
7. Senior Investment Officer at the Asset Management Investment Unit of the National Banking
Restructuring Agency (BPPN) (1999-2001)
8. Manager of Financial Institution Rating Division & Various Senior Positions at PT Pemeringkat Efek
Indonesia (1995-1999)
• Concurrent Position Commissioner of PT Home Credit Indonesia
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Financing Expert Certification (Indonesian Financing Professional Certification Body
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders.
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 3, 2022 until the closing of the Annual GMS for the 2023 financial year
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Swandajani Gunadi
Director
Nationality Indonesia
Age/Gender 51 years old/Female
Educational Background Bachelor of Agronomy-Bogor Agricultural Institute (1995)
Position History
• Legal Basis of Appointed as Director for the first time at the Annual GMS on May 17, 2013 and began serving actively on
Appointment March 13, 2013 based on the Decree of the OJK Board of Commissioners regarding the Results of the
Fit and Proper Assessment No.KEP-18/D.05/2013. Reappointed at the Annual GMS on June 30, 2021
• Work Experience 1. Director of Human Resources, CREM and Company Marketing (2017-present)
2. Director of the Company’s Human Resources (2013-2017)
3. Deputy Director of Human Resources and General Affairs of the Company (2010-2013)
4. Head of Human Resources and General Affairs Division of the Company (2003-2010)
5. Head of the Company's Remuneration and Human Resources Development Department (2002-2003)
6. Remuneration Senior Analyst PT Sumalindo Lestari Jaya Tbk (Group PT Astra International Tbk)
(2000-2002)
7. HR Corporate Manager Orang Tua Group (2000)
8. Remuneration Senior Analyst at PT Astra International Tbk-Automotive Division (1997-2000)
9. Personal Administration Section Head PT Astra International Tbk- Automotive Division (1996-1997)
10. People Development & Management Officer PT Astra International Tbk-Automotive Division (1996)
• Concurrent Position -
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Financing Expert Certification (Lembaga Indonesian Financing Professional Certification
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders.
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Niko Kurniawan Bonggowarsito
Director
Nationality Indonesia
Age/Gender 52 years old/Male
Educational Background Bachelor of Business/Management-Indonesian Business Institute (1994)
Position History
• Legal Basis of Appointed as Director for the first time at the Annual GMS on April 20, 2018 and began serving actively on
Appointment June 5, 2018 based on the Decree of the OJK Board of Commissioners regarding the Results of the
Fit and Proper Assessment No. KEP-50/KDK.05/2018. Reappointed at the Annual GMS on June 30, 2021
• Work Experience 1. President Commissioner of PT Mandala Multifinance Tbk (2024-present)
2. Director of Corporate Finance (July 4, 2022-present)
3. Director of Sales, Service & Distribution of the Company (2018-present)
4. Deputy Director of Sales, Service & Distribution of the Company (2017-2018)
5. Deputy Director of Retail Car Financing of the Company (2010-2017)
6. Head of Retail Car Financing of the Company (2008-2010)
7. Regional Head of East Java of the Company (2004-2005)
8. Head of Suzuki & Used Motorcycle Financing of the Company (2003-2008)
9. President Director at PT Mandiri Pakar Sakti (2001-2002)
10. Sales Manager at PT Sinar Galesong Pratama (1996-2001)
11. Area Supervisor for Eastern Indonesia at PT Indomobil Suzuki International (1993-1996)
12. Product Officer at PT National General Bank (1992-1993)
• Concurrent Position President Commissioner of PT Mandala Multifinance Tbk
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification 1. Financing Expert Certification (Indonesian Financing Professional Certification Body)
2. US Certified Marketing Manager (CMM) (American Certification Institute)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders.
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Harry Latif
Director
Nationality Indonesia
Age/Gender 52 years old/Male
Educational Background Bachelor of Economics - Atma Jaya University (1995)
Position History
• Legal Basis of Appointed as the Company’s Director for the first time through the Annual GMS on March 31, 2020 and
Appointment began serving actively on August 25, 2020 based on the Decree of the OJK Board of Commissioners
regarding the Results of the Fit and Proper Assessment No.KEP-39/KDK.05/2020. Reappointed at the
Annual GMS on June 30, 2021
• Work Experience 1. The Company’s Portfolio Director (2020-present)
2. Deputy Director of 2W/4 W Sales Financing and Sales Portfolio of the Company (2015-2020)
3. President Director of Honda Car Dealer, PT Istana Mitra Sendani (2012-2015)
4. Deputy Director of PT Kirana Megatara Tbk (2011-2012)
5. General Manager of the Honda Motorcycle Division & Area Sales Manager of the Company's Honda
Motorcycle Division (2006-2011)
6. General Manager Sales & Marketing PT Viar Motor Indonesia (AtpmViar) and PT Kencana Laju Mandiri
(Viar retail dealer) (2005-2006)
7. Part Sales Manager, Area Sales Supervisor and Marketing Research Supervisor PT Astra Honda Motor
(1996-2005)
• Concurrent Position -
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Financing Expert Certification, Indonesian Financing Professional Certification Body
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Jin Yoshida
Director
Nationality Japan
Age/Gender 50 years old/Male
Educational Background Bachelor of Laws - Gakushuin University (1997)
Position History
• Legal Basis of Appointed as the Company’s Director for the first time through the Annual GMS on March 31, 2020 and
Appointment began serving actively on August 25, 2020 based on the Decree of the OJK Board of Commissioners
regarding the Results of the Fit and Proper Assessment No.KEP-11/KDK.05/2020. Reappointed at the
Annual GMS on June 30, 2021
• Work Experience 1. Director of Corporate Strategic Alliances (2020-present)
2. Head of Planning Group for JCB America, Managing Director of MUFG, Union Bank, New York
(2017-2020)
3. Director at Corporate Banking Group, The Bank of Tokyo Mitsubishi UFJ London (2011-2017)
4. Relationship Manager at Corporate Banking Group, Manager of The Bank of Tokyo Mitsubishi UFJ
Nagoya (2007-2011)
5. Relationship Manager at Corporate Banking Group, Manager of The Bank of Tokyo Mitsubishi Tokyo
(2004-2007)
6. Customer Dealer, Group Leader the Bank of Tokyo Mitsubishi Jakarta (2001-2004)
• Concurrent Position -
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Financing Expert Certification (Lembaga Indonesian Financing Professional Certification Body)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Denny Riza Farib
Director
Nationality Indonesia
Age/Gender 51 years old/Male
Educational Background Bachelor of Mathematics – Padjadjaran University (1996)
Position History
• Legal Basis of Appointed as Director for the first time through the Annual GMS on April 4, 2023 and effective since
Appointment October 10, 2023 based on the Decree of the OJK Board of Commissioners regarding the Results of the Fit
and Proper Assessment No. KEP-4/KDK.06/2023.
• Work Experience 1. Director of Credit, Collection & Legal of the Company (April 2023-present)
2. Head of Credit, Collection & Legal of the Company (2022-2023)
3. Head of Credit & Collection of the Company (2017-2022)
4. Head of Credit Retail of the Company (2013-2017)
5. Head of Credit 2W Division of the Company (2011-2013)
6. Head of Credit Deputy Division of the Company (2009-2011)
7. Head of Credit Operations MCY Department of the Company (2006-2009)
8. Head of Fleet Commercial Finance Account Management PT Astra Sedaya Finance (2005-2006)
9. Head of Fleet Account Quality PT Astra Sedaya Finance (2000-2005)
10. Head of Account Acquisition PT Astra Sedaya Finance (1998-2000)
11. Management Trainee PT Astra Sedaya Finance (1996-1998)
• Concurrent Position -
Education or Training to Education and training in 2023 are presented separately in Management Education and Training section
Improve Competency 2023 in this Annual Report.
Certification Financing Expert Certification (Lembaga Indonesian Financing Professional Certification Body)
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office October 10, 2023 until the closing of the Annual GMS for the 2023 financial year
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
SHARIA SUPERVISORY BOARD
PROFILE
Prof. Dr. H. Fathurrahman Djamil, MA
Chairman of the Sharia Supervisory Board
Nationality Indonesia
Age/Gender 63 years old/Male
Educational Background 1. Ph.D on Islamic Legal Theory-McGill University, Canada (1994)
2. Master of Religion-Jakarta State Islamic Institute (1987)
3. Bachelor of Sharia-Jakarta State Islamic Institute (1981)
Position History
• Legal Basis of Appointed as Chairman of the Company's Sharia Supervisory Board for the first time through the
Appointment Extraordinary GMS on September 4, 2012 and reappointed through the Annual GMS on June 30, 2021
• Work Experience 1. Deputy Chair of the Daily Executive Board (BPH) of the National Sharia Council – Indonesian Ulema
Council (DSNMUI) for the period (2015-2020)
2. Chairman of the Company's Sharia Supervisory Board (2012-present)
3. Chairman of the BCA Syariah, Sharia Supervisory Board (2010-present)
4. Chairman of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2010-present)
5. Chairman of the Sharia Supervisory Board of PT AIA Financial Syariah (2009-present)
6. Member of the Sharia Supervisory Board of PT Bank CIMB Niaga Tbk (2008-present)
7. Professor at Syarif Hidayatullah State Islamic University Jakarta (1999-present)
8. Lecturer at Muhammadiyah University Jakarta (1985-present)
9. Lecturer at Syarif Hidayatullah State Islamic University Jakarta (1982-present)
• Concurrent Position 1. Chairman of the BCA Syariah, Sharia Supervisory Board (2010-present)
2. Chairman of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2010-present)
3. Chairman of the Sharia Supervisory Board of PT AIA Financial Syariah (2009-present)
4. Member of the Sharia Supervisory Board of PT Bank CIMB Niaga Tbk (2008-present)
5. Professor at Syarif Hidayatullah State Islamic University Jakarta (1999-present)
6. Lecturer at Muhammadiyah University Jakarta (1985-present)
7. Lecturer at Syarif Hidayatullah State Islamic University Jakarta (1982-present)
Education or Training to Pre-Ijtima’ Sanawi Workshop (Annual Meeting) of Sharia Supervisory Board VIII Year 2023, Daily Executive
Improve Competency 2023 Board of National Sharia Council-Indonesian Ulema Council
Certification License as a Capital Market Sharia Expert through Decree of the Board of Commissioners of the Financial
Services Authority No.KEP-12/D.04/ASPM-P/2016
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Page 110
Prof. Dr. KH. Noor Achmad, MA
Member of the Sharia Supervisory
Board
Nationality Indonesia
Age/Gender 66 years old/Male
Educational Background 1. Professor in the Field of Islamic Law – Wahid Hasyim University, Semarang
2. Doctorate in Philosophical Aqidah – Sunan Kalijaga State Islamic University, Yogyakarta (2006)
3. Master of Religion – Sunan Kalijaga State Islamic Institute, Yogyakarta (1998)
4. Bachelor of Sharia – Walisongo State Islamic Institute, Semarang (1989)
Position History
• Legal Basis of Appointed as Member of the Company's Sharia Supervisory Board for the first time through the
Appointment Extraordinary GMS on September 4, 2012 and reappointed through the Annual GMS on June 30, 2021
• Work Experience 1. General Chairman of the Nadzir Bondo Foundation, Semarang Grand Mosque (2015–present)
2. General Secretary of the Advisory Council of the Central Indonesian Ulema Council (2015-present)
3. Member of the Daily Executive Supervisory Body (BPH) for Capital Markets National Sharia Council -
Indonesian Ulema Council (DSN-MUI) (2015-2020)
4. Chairman of the Central Java Qur'an Tilawatil Development Institute (2015-2023)
5. General Chairman of the Central Java Grand Mosque Management Board (2014-present)
6. Member of the House of Representatives of the Republic of Indonesia Commission X (2014-2019)
7. Member of the Company's Sharia Supervisory Board (2012-present)
8. General Chairman of the Wahid Hasyim Foundation Semarang (2010-present)
9. Lecturer in Postgraduate and Doctoral Programs at Wahid Hasyim University Semarang
(2010-present)
10. Chairman of the Indonesian Waqf Board, Central Java (2010-present)
11. Chairman of the Central Asmaul Husna Khidmah Council (2010-present)
12. General Chair of the Indonesian Nahdlatul Ulama Higher Education Association (2010-2015)
13. Deputy Secretary General of the Central Indonesian Ulema Council (2010–2015)
14. Deputy Chair of the Association of Indonesian Private Universities, Central Java (2010-2015)
15. Chairman of the Association of Chancellors and Nahdlatul Ulama Universities throughout Indonesia
(2008-2013)
16. General Chairman of the NUPBNU Higher Education Development Institute (2008-2015)
17. Deputy Chairman of the Association of Indonesian Private Universities, Central Java (2005-2014)
18. Chancellor of Wahid Hasyim University, Semarang (2000-2015)
19. Lecturer at Walisongo State Islamic Institute, Semarang (1983-2001)
20. Member of the Central Java Regional People's Representative Council (1997-1999, 1999-2004, and
2004-2009)
• Concurrent Position 1. General Chairman of the Nadzir Bondo Foundation, Semarang Grand Mosque (2015–present)
2. General Secretary of the Advisory Council of the Central Indonesian Ulema Council (2015-present)
3. General Chairman of the Central Java Grand Mosque Management Board (2014-present)
4. Member of the Company’s Sharia Supervisory Board (2012-present)
5. General Chairman of the Wahid Hasyim Foundation Semarang (2010-present)
6. Lecturer in Postgraduate and Doctoral Programs at Wahid Hasyim University Semarang
(2010-present)
7. Chairman of the Indonesian Waqf Board, Central Java (2010-present)
8 Chairman of the Central Asmaul Husna Khidmah Council (2010-present)
Education or Training to Strengthening the Sharia Supervisory Board (DPS) in maintaining the Continuity and Quality of Sharia
Improve Competency 2023 Mutual Funds, Capital Market Institutions of Wahid Hasyim University
Certification License as a Capital Market Sharia Expert through Decree of the Board of Commissioners of the Financial
Services Authority No.KEP-03/D.04/ASPM-P/2017
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Semarang
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Dr. Rini Fatma Kartika, M.H.
Member of the Sharia Supervisory Board
Nationality Indonesia
Age/Gender 52 years old/Female
Educational Background 1. Doctorate – Syarif Hidayatullah State Islamic University, Jakarta (2021)
2. Master of Islamic Law – Muhammadiyah University, Jakarta (2004)
3. Bachelor of Sharia – Syarif Hidayatullah State Islamic Institute, Jakarta (1994)
Position History
• Legal Basis of Appointed as Member of the Company's Sharia Supervisory Board for the fisrt time through the
Appointment Extraordinary GMS on October 15, 2021 and began serving actively on September 14, 2021 based on the
Decree of the OJK Board of Commissioners regarding the Results of the Fit and Proper Assessment
No. KEP-53/NB.21/2021.
• Work Experience 1. Deputy Chancellor 3 Muhammadiyah University, Jakarta (2021-present)
2. Member of the Company's Sharia Supervisory Board (2021-present)
3. Daily Implementation Body of the National Sharia Council, Indonesian Ulema Council (DSN-MUI)
(2020-present)
4. Dean of Faculty of Islamic Religion, Muhammadiyah University, Jakarta (2012-2020)
5. Member of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2017-present)
6. Lecturer at the Faculty of Islamic Religion, Muhammadiyah University, Jakarta (1995-present)
• Concurrent Position 1. Deputy Chancellor 3 Muhammadiyah University, Jakarta (2021-present)
2. Member of the Company’s Sharia Supervisory Board (2021-present)
3. Daily Implementation Body of the National Sharia Council, Indonesian Ulema Council (DSN-MUI)
(2020-present)
4. Member of the Sharia Supervisory Board of PT Sun Life Financial Indonesia (2017-present)
5. Lecturer at the Faculty of Islamic Religion, Muhammadiyah University, Jakarta (1995-present)
Education or Training to Pre-Ijtima’ Sanawi Workshop (Annual Meeting) of Sharia Supervisory Board VIII Year 2023, Daily Executive
Improve Competency 2023 Board of National Sharia Council-Indonesian Ulema Council
Certification License as a Capital Market Sharia Expert through Decree of the Board of Commissioners of the Financial
Services Authority No.KEP-53/NB.21/2021
Affiliate Relation Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, and
major shareholders
Domicile Jakarta
Number of ADMF Share 0 Shares
Ownership
Term Office June 30, 2021 until the closing of the Annual GMS for the 2023 financial year
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Page 112
SENIOR OFFICERS PROFILE
Sylvanus Gani Kukuh Mendrofa
Deputy Director –
Chief Financial Officer
Nationality Indonesia
Age/Gender 47 years old/Male
Domicile Jakarta
Educational Background 1. Master of Management, Australian National University (ANU)
2. Bachelor of Economic, Universitas Indonesia
Work Experience 1. Deputy Director – Head of Corporate Planning & Procurement in Company (2017-2022)
2. Deputy Director – Head of Strategy Transformation in Company (2017-2022)
3. Deputy Director – Head of Financial Planning & Project in Company (2015-2017)
4. General Manager – Head of Financial Planning & Project in Company (2013)
5. General Manager – Financial Planning & Project Division Head in Company (2011-2013)
6. General Manager – Budget Division Head in Company (2007-2011)
7. Vice President – Network Finance in PT Natrindo Telepon Selular (2005-2007)
8. General Manager Planning & Control in PT First Media Tbk (2003-2004)
9. Manager in PT First Media Tbk (2000-2002)
10. Associate/Consultant in PT Pricewaterhouse Financial Advisory Services (1998-2000)
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Sigit Hendra Gunawan
Deputy Director – Chief Risk Officer
Nationality Indonesia
Age/Gender 55 years old/Male
Domicile Tangerang
Educational Background 1. Bachelor of Engineering, Trisakti University
Work Experience 1. Director in PT BFI Finance Indonesia Tbk (2015-2023)
2. Deputy Director – Head of Credit & Collection in Company (2011-2015)
3. Credit Division Head in Company (2006-2011)
4. Credit Deputy Division Head in Company (2005-2006)
5. Collection Department Head & Credit Fleet Department Head in Astra Credit Companies (2004-2005)
6. Collection Department Head in Astra Credit Companies (2002-2004)
7. Management Trainee until Section Head Credit Analyst Commercial & HE in Astra Credit Companies
(1993-2002)
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 114
Danny Hendarko
Deputy Director – Head of National Non
Dealer Channel, Retention & Durable
Indonesian Citizen, 50 years old
Served as Deputy Director – Head of National Non
Dealer Channel, Retention & Durable in the Company
since 2017. Started his career in the Company as Head
of Solo Branch Office in 1997.
He earned his Bachelor of Engineering degree from
Surabaya University in 1994.
Andy Sutanto
Deputy Director – Head of Retail Motorcycle
Financing
Indonesian Citizen, 54 years old
Appointed as Deputy Director – Head of Retail
Motorcycle Financing in the Company since 2011.
Prior to starting his career in the Company as Area
Marketing Manager in 1997, he worked as an Account
Officer at PT Bank Bali Tbk.
He earned his Bachelor of Economics degree from
Atma Jaya University in 1995.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Manuel D. Irwanputera
Deputy Director – Head of Digital Center of
Excellence
Indonesian Citizen, 48 years old
Appointed as Deputy Director – Head of Digital
Center of Excellence in the Company since 2018. Prior
to joining the Company, he served as Chief Executive
Officer at PT KerjaKu Inti Sejahtera and as Chief
Operating Officer at PT Kreatif Media Karya.
He earned his Bachelor of Economics degree from
Atma Jaya University in 1997.
Pramono Pranoto
Deputy Director – Head of Risk Management
Indonesian Citizen, 45 years old
Appointed as Deputy Director – Head of Risk
Management in the Company since 2023. Prior
to joining the Company, he served as a senior
consultant at SPSS Indonesia and Acorn Marketing
Consultant.
He earned his Master of Industrial Management
& Master of Advanced Statistics from Katholieke
Universiteit Leuven, Belgium in 2003.
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Page 116
Bohan Kesuma
Deputy Director – Head of Strategy
Transformation
Indonesian Citizen, 49 years old
Appointed as Deputy Director – Head of Strategy
Transformation in the Company since 2023. Prior
to joining the Company, he served as Director at
Deloitte, Transformation Division Head at PT Bank
KB Bukopin Tbk, Associate Director at EY to PwC. He
started his career as Assistant Manager at Astra Credit
Companies in 1997.
He earned his Master of Business Administration from
Melbourne Business School in 2002.
Anis Radianis
Deputy Director – Head of IT
Indonesian Citizen, 50 years old
Appointed as Deputy Director – Head of IT in the
Company since 2023. Prior to joining the Company,
he served as Director at Pefindo Credit Bureau,
Founder and Chief Executive Officer at Fineoz.
He earned his Doctor of Business Administration
degree from Ecole des Ponts Business School in 2018.
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Reza Hasyim Tamin Chandra Hermanto
Head of National Fleet Business Head of National Honda New Motorcycle
Indonesian Citizen, 47 years old Indonesian Citizen, 50 years old
Appointed as Head of National Fleet Business in the Served as Head of National Honda New Motorcycle
Company since 2022. Prior to joining the Company, in the Company since 2014. Prior to joining the
he served as Marketing Director at PT Bestindo Cakra Company, he served as Manager at Pratama Finance.
Utama, SMO Head at PT Surya Anugerah Kencana.
He started his career as a Staff at PT Orix Indonesia He earned his Bachelor of Economics degree from
Finance in 2001. Universitas Persada Indonesia YAI in 1997.
He earned his Bachelor of Literature degree from
Dharma Persada University in 2001.
Trianto Subekti Paul Octavianus Jayaputra
Head of National Yamaha New Motorcycle Head of National Suzuki & Multi Brand New
Motorcycle
Indonesian Citizen, 54 years old
Indonesian Citizen, 49 years old
Served as Head of National Yamaha New Motorcycle Served as Head of National Suzuki & Multi Brand
in the Company since 2011. Prior to joining the New Motorcycle in the Company since 2020. Prior
Company, he served as Assistant Manager at to joining the Company, he served as an Account
PT Hobart Adi Hutama. Officer at PT Orix Finance Indonesia.
He earned his Bachelor degree in Shipping He earned his Master of Management degree from
Engineering from Adhi Tama Institute of Technology Bandung Institute of Technology in 2002.
Surabaya in 1995.
Sugianto Dwi Prasetiyo
Head of National Used Motorcycle Head of National New Car 1
Indonesian Citizen, 55 years old Indonesian Citizen, 48 years old
Served as Head of National Used Motorcycle in the Served as Head of National New Car 1 in the
Company since 2011. Prior to joining the Company, he Company since 2017. Prior to joining the Company,
served as Marketing Officer at Astra Daihatsu. he served as Sales Head at Astra Credit Companies.
He earned his Bachelor of Economics degree from He earned his Bachelor of Economics degree from
the Tujuh Belas Agustus University in 1993. STIE YKPN University in 2000.
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Andy Teguh Ronald Donna
Head of National New Car 2 Head of National Used Car
Indonesian Citizen, 48 years old Indonesian Citizen, 42 years old
Served as Head of National New Car 2 in the Served as Head of National Used Car in the Company
Company since 2017. Prior to joining the Company, since 2016. Prior to joining the Company, he served as
he served as Area Marketing Manager at PT Federal Branch Manager at Astra Credit Companies.
International Finance.
He earned his Bachelor of Computer Science degree
He earned his Bachelor of Economics degree from from Dian Nuswantoro University in 2004.
Trisakti University in 1998.
Agus Hamid Arief Indra Meyman Harefa
Head of National Commercial Head of Non Dealer Channel & Retention
Indonesian Citizen, 52 years old Indonesian Citizen, 52 years old
Served as Head of National Commercial in the Served as Head of Non Dealer Channel & Retention
Company since 2007. Prior to joining the Company, in the Company since 2020. Prior to joining the
he served as Finance Officer at PT Citra Jenesia Company, he served as Production & Purchasing
Persada. Officer at PT Millenium Tiga Gemilang-Red Promo.
He earned his Bachelor of Accounting degree from He earned his Bachelor of Accounting degree from
STIE YPKP in 1993. STIE Swadaya in 1996.
Andy Kurniawan Danny William
Head of Keday Head of SND System Solution
Indonesian Citizen, 49 years old Indonesian Citizen, 51 years old
Served as Head of Keday in the Company since 2020. Served as Head of SND System Solution in the
Prior to joining the Company, he served as Parts & Company since 2020.
Accessories Manager at PT Astra International-Toyota
Sales Operation. He earned his Bachelor of Engineering degree from
Trisakti University in 1997.
He earned his Bachelor of Political Science degree
from Gadjah Mada University in 1997.
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Valen Riediv Kiernadi Yusron
Head of MPL Development & Analysis Head of Sharia
Indonesian Citizen, 42 years old Indonesian Citizen, 47 years old
Appointed as Head of MPL, Development & Analysis Served as Head of Sharia in the Company since 2018.
in the Company since 2023. Prior to joining the Prior to joining the Company, he served as Finance
Company, he served as General Manager Corporate Manager at PT Larasindo Jaya Agrotama and Store
Culture and Change Management at PT Paramount Manager Specialty Store at PT Hero Supermarket.
Enterprise International, Senior General Manager
Human Resources at PT. Nusantara Sakti Group, and He earned his Master of Business Administration
Marketing Analyst at PT Astra Honda Motor. degree from Gadjah Mada University in 2002.
He earned his Bachelor of Economics degree from
STIE IBII in 2004.
Rudy Widjaja Max Eka Darmawan
Head of Business Partnership Management Head of SSD Management
Indonesian Citizen, 55 years old Indonesian Citizen, 55 years old
Served as Head of Business Partnership Served as Head of SSD Management in the Company
Management in the Company since 2005. Prior to since 2020. Prior to joining the Company, he served
joining the Company, he served as Head of Retail as a Supervisor at PT Anugerah Mitra Jaya.
Banking of PT Bank Permata Tbk, Head of Branch
and Product Development of PT Bank Prima Express. He holds a Bachelor of Economics degree from STIE
Kucecwara.
He earned his Master's degree from IPMI in 1997 and
Carnegie Bosch Institute in 1997.
Andree Wibowo Suwanto
Head of SSD Support Head of Regional SSD
Indonesian Citizen, 50 years old Indonesian Citizen, 52 years old
Served as Head of SSD Support in the Company since Served as Head of Regional SSD in the Company
2020. Prior to joining the Company, he was Finance since 2012. He started his career in the Company as
Controller at PT Ungaran Sari Garmen. Credit Marketing Officer.
He earned his Bachelor of Economics degree from He earned his Bachelor degree from AKA Wikajasa
Satya Wacana Christian University in 1991. Semarang in 1995.
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Krisdianto Nanang Kurniawan
Head of Regional SSD Head of Regional SSD
Indonesian Citizen, 51 years old Indonesian Citizen, 49 years old
Served as Head of Regional SSD in the Company Served as Head of Regional SSD in the Company
since 2016. Prior to joining the Company, he served as since 2020. Prior to joining the Company, he served
a Salesman at PT Bumi Kalpataru. as Representative Head at PT Federal International
Finance.
He earned his Associate degree from STIE Perbanas
in 1998. He earned his Bachelor of Engineering degree from
Merdeka University Malang in 1998.
Surya Almada Syahlani Agus Hartanto
Head of Regional SSD Head of Regional SSD
Indonesian Citizen, 46 years old Indonesian Citizen, 51 years old
Served as Head of Regional SSD in the Company Served as Head of Regional SSD in the Company
since 2020. since 2020. Prior to joining the Company, he served
as Branch Manager at PT Federal International
He earned his Bachelor of Economic degree from Finance.
STIESIA Surabaya in 1999.
He earned his Bachelor of Engineering degree from
Gadjah Mada University in 1996.
Iwan Chandra Handi
Head of Regional SSD Head of Regional SSD
Indonesian Citizen, 50 years old Indonesian Citizen, 51 years old
Served as Head of Regional SSD in the Company Served as Head of Regional SSD in the Company
since 2020. Prior to joining the Company, he served since 2020. Previously, he served as Area Marketing
as Branch Manager at ITC Finance. Manager in the Company.
He earned his Bachelor of Engineering degree from He earned his Bachelor of Accounting degree from
ISTP Medan in 1991. STIE Tridharma Bandung in 1996.
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Weldya Putra Caniago Irfan Budianto
Head of Regional SSD Head of Regional SSD
Indonesian Citizen, 47 years old Indonesian Citizen, 51 years old
Served as Head of Regional SSD in the Company Served as Head of Regional SSD in the Company
since 2022. He started his career in the Company as since 2015. Prior to joining the Company, he was Risk
Credit Marketing Officer. Management Department Head at PT Astra Sedaya
Finance.
He earned his Bachelor of Economics degree from
Pembangunan Nasional University "Veteran" Jakarta He earned his Bachelor of Animal Science degree
in 1997. from Brawijaya University in 1996.
Lindawati Soetopo Maria Sari Dewi Kusuma
Head of Accounting & Tax Head of Finance & Cash Management
Indonesian Citizen, 53 years old Indonesian Citizen, 53 years old
Served as Head of Accounting & Tax in the Company Served as Head of Finance & Cash Management
since 2011. Prior to joining the Company, she in the Company since 2016. Prior to joining the
served as MIS Manager at PT Bank Akita, Finance & Company, she was an Account Officer at Bank Hastin
Accounting Manager at PT Asco Dinamika Mobilindo, International.
Internal Audit Supervisor at PT Tempo Group
Tbk, and Budget Control at PT Mitracorp Pacific She earned his Bachelor of Economics degree from
Nusantara Holding Company. Widya Mandala Catholic University in 1996.
She earned his Bachelor of Economics degree from
Atma Jaya University in 1992.
Aan Setiawandi Didik Sukarmadi
Head of Corporate Finance Head of Procurement
Indonesian Citizen, 41 years old Indonesian Citizen, 47 years old
Served as Head of Corporate Finance in the Served as Head of Procurement in the Company
Company since 2021. Prior to joining the Company, since 2020. Prior to joining the Company, he was
he was Branch Operational Head at PT BFI Finance Head of Service and Infrastructure Management di
Indonesia Tbk, Retail Manager at PT Trikomsel Oke PT Netciti Persada.
Tbk, and Commercial and Consumer Banking at
PT Bank Rakyat Indonesia (Persero) Tbk. He earned his Bachelor of Engineering degree from
Telkom Institute of Technologi in 2000.
He earned his Master of Business Administration
degree from Gadjah Mada University in 2016.
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Achmad Komara Guntur Pratomo
Head of Operational Risk Management Head of Information Risk Management
Indonesian Citizen, 48 years old Indonesian Citizen, 34 years old
Served as Head of Operational Risk Management Appointed as Head of Information Risk Management
in the Company since 2013. Prior to joining the in the Company since 2023. Prior to joining the
Company, he served as Account Manager at KAP Company, he served as AVP Cyber Defense at
Haryanto Sahari & Rekan (PricewaterhouseCoopers). PT Bank CIMB Niaga Tbk and Team Leader SOC at
PT Packet Systems Indonesia.
He earned his Master of Management degree from
Bogor Agricultural University in 2015. He earned his Bachelor of Engineering degree from
Budi Luhur University in 2012.
Stephanus Taufan Wibowo Henrick Kusno Sujarwadi
Head of Risk Policy Development Head of Risk Policy Development
Indonesian Citizen, 49 years old Indonesian Citizen, 44 years old
Appointed as Head of Risk Policy Development in the Served as Head of Collection in the Company since
Company since 2023. Prior to joining the Company, 2015. Prior to joining the Company, he was Fleet
he served as Credit Operation Head at PT BFI Credit Administration Head at PT Astra Sedaya
Finance Indonesia Tbk and Consultant at PT. Survey Finance.
Prima Solusi Statindo.
He earned his Bachelor of Engineering degree from
He earned his Master of Management degree from Gadjah Mada University in 2002.
Gadjah Mada University in 2000.
Riyantono Ingrid Setiadharma
Head of Loan & Asset Recovery Head of Legal
Indonesian Citizen, 52 years old Indonesian Citizen, 56 years old
Served as Head of Loan & Asset Recovery in the Served as Head of Legal in the Company since
Company since 2011. Prior to joining the Company, 2012. Prior to joining the Company, she served as
he served as Accounting Supervisor at PT Surya Inti Senior Manager Legal/Compliance at PT U Finance
Perdana. Indonesia and Senior Assistant Manager Legal/
Compliance at The Bank of Tokyo-Mitsubishi-UFJ,
He earned his Bachelor of Accounting degree from Ltd.
Borobudur University in 1994.
She earned his Bachelor of Law degree from
Tarumanegara University in 1990. In addition, she
took Advocate Professional Education from the
Indonesian Advocates Association in 2009.
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Bien Costan Salman Fauzie
Head of Business Process Improvement Head of Transformation Management
Indonesian Citizen, 46 years old Indonesian Citizen, 42 years old
Appointed as Head of Business Process Appointed as Head of Transformation Management
Improvement in the Company since 2023. Prior to in the Company since 2023. Prior to joining
joining the Company, he served as Senior Associate the Company, he served as Senior Manager at
at Ernst & Young Indonesia. Monitor Deloitte, Head of Strategy & Performance
Management at PT Prudential Life Assurance, and
He earned his Bachelor of Accounting degree from Auditor at Ernst & Young.
Tarumanegara University in 2000.
He earned his Master of Business Administration
from the University of Rochester – Simon Business
School in 2011.
Ingrid Sri Komala Dewi Miranti Hidajat
Head of Quality Assurance Head of Operation Support
Indonesian Citizen, 52 years old Indonesian Citizen, 55 years old
Served as Head of Quality Assurance in the Company Served as Head of Operation in the Company since
since 2011. Prior to joining the Company, she served 2010. Prior to joining the Company, she served as
as Senior Auditor at Ernst & Young and Audit Operations Manager at Maxxi Securities.
Supervisor at Deloitte Touche Tohmatsu.
She earned his Bachelor of Accounting degree from
She earned his Bachelor of Accounting degree from Atma Jaya University in 1990.
Tarumanegara University in 1995.
Hanafi Suprapto Dolly Arora
Head of Corporate Real Estate Management Head of Corporate University
Indonesian Citizen, 53 years old Indonesian Citizen, 45 years old
Served as Head of Corporate Real Estate Appointed as Head of Corporate University in the
Management in the Company since 2017. Prior Company since 2023. Prior to joining the Company,
to joining the Company, he served as Structure he served as eLearning Production Manager at
Engineer at PT. Rematha Dacrea Optima. Mitra Integrasi Komputindo and Content Writer at
Sinarmas Multimedia.
He earned his Bachelor of Engineering degree from
Atma Jaya University in 1993. He earned his Master of Management degree from
Trisakti University in 2004.
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Tri Evita Aryani Gandhy Inderayana
Head of Human Capital & General Affairs Head of Brand & Corporate Communication
Indonesian Citizen, 55 years old Indonesian Citizen, 44 years old
Served as Head of Human Capital & General Affairs Served as Head of Brand & Corporate
in the Company since 2010. Prior to joining the Communication in the Company since 2020.
Company, she served as Vice President of Group Prior to joining the Company, he served as Brand
Human Capital Division at Gunung Steel Group, Vice Management Head and Digital & Online Marketing
President of Group Human Resource Division at Head at PT Bank Danamon Indonesia Tbk.
PT Tunas Ridean Tbk, and General Manager Human
Resource at PT Heinz ABC Indonesia. He earned his Bachelor of Computer degree from
Bina Nusantara University in 2001.
She earned his Bachelor of Economics degree from
the University of Indonesia in 1994.
Tania Endah Budhi Andreas Burhan Tasmaan
Head of Marketing Strategy & Customer Head of Business Analytics
Experience
Indonesian Citizen, 44 years old
Indonesian Citizen, 43 years old
Served as Head of Marketing Strategy & Customer Served as Head of Business Analytics at the
Experience in the Company since 2016. Prior to Company since 2019. Prior to joining the Company,
joining the Company, she served as Head of Ground he served as VP Digital Banking, Analytics &
Operations and Customer Management at Campaign Management at PT Bank DBS Indonesia
PT Indonesia AirAsia, Franchise Manager at and VP Business Development at PT Bank Permata
PT Johnson & Johnson Indonesia, Business Analyst Tbk.
at FMC Technologies Singapore and Marketing
Planning Officer at PT Toyota Astra Motor. He earned his Bachelor degree from Parahyangan
University in 1998.
She earned his Master of Business Administration
with Marketing specialization from Nanyang
Technological University in 2007.
Ricky Mas Basuardi Budi Pranoto
Head of IT Operation Head of IT Development & Head of IT Office
Indonesian Citizen, 49 years old Indonesian Citizen, 45 years old
Served as Head of IT Operation in the Company since Appointed as Head of IT Development and Head of IT
2019. Prior to joining the Company, he served as Office in the Company since 2023. Prior to joining the
Software Developer at PT Collega Inti Pratama. Company, he served as IT General Manager at Suzuki
Finance Indonesia, IT Division Head at Mega Central
He earned his Bachelor degree in Computer Finance and IT Department Head at Astra Sedaya
Engineering from STI&K Jakarta in 1998. Finance.
He earned his Bachelor of Computer Science degree
from Bina Nusantara University in 2001.
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Gofur Herryanto Rachmat Adijayadi
Head of IT Infrastructure Management Head of IT Security & Head of IT Architecture
Indonesian Citizen, 52 years old Indonesian Citizen, 39 years old
Appointed as Head of IT Infrastructure Management Serving as Head of IT Security & Head of IT
in the Company since 2023. Prior to joining the Architecture in the Company since 2023. Prior
Company, he served as Head of Information to joining the Company, he served as Head of
Technology at PT CRIF Lembaga Informasi Information Security & GRC at PT Bank Aladin Syariah
Keuangan, Project Manager at PAA, Client Technical Tbk and Head of IT Security & Governance at PT Astra
Specialist at PT IBM Indonesia, Solutions Architect at International Tbk.
Visitek.
He earned his Bachelor degree in Computer
He earned his Bachelor of Engineering degree from Engineering from Gunadarma University in 2007.
the University of Indonesia in 1995.
Teguh Supriyatna Putera Edwin Kartawinata
Head of IT Governance & Head of IT Business Head of Digital Business Automotive
Partner
Indonesian Citizen, 40 years old
Indonesian Citizen, 47 years old
Appointed as Head of IT Governance & Head of IT Served as Head of Digital Business Automotive in the
Business Partner in the Company since 2023. Prior Company since 2019. Prior to joining the Company,
to joining the Company, he served as Director at he served as Vice President Marketing at Kapanlagi
PT NuVision Consulting, Associate Director at Ernst Youniverse, General Manager of Marketing & Social
& Young Consulting Indonesia, Senior Manager at Media Operations at PT. Creative Media Karya,
PriceWaterhouseCoopers Consulting Indonesia, Senior Business Development Manager at Kapanlagi
Department Head at Maybank Indonesia, and Senior Network, and Business Development Executive at
Consultant at PT Metrodata Electronics. PT Indika Telemedia.
He earned his Master in Business Administration He earned his Bachelor degree in Computer
from Vlerick Business School in 2011. Engineering from Bina Nusantara University in 2005.
Iyan Waer
Perry Barman Slangor
Head of Digital Product & Engineering
Head of Corporate Secretary, Investor Relation &
Funding
Indonesian Citizen, 44 years old
Indonesian citizen and domiciled in Jakarta, 53 years old
Appointed as Head of Digital Product & Engineering Appointed as Head of Corporate Secretary, Investor
in the Company since 2018. Prior to joining the Relations & Funding in the Company since 2013.
Company, he served as Chief Operating Officer and Prior to joining the Company, he served as General
Co-Founder of Swipecrypto Pte. Ltd, Product Owner Manager Corporate Secretary at PT Toba Bara
at McKinsey Digital, Senior Managing Consultant at Sejahtera Tbk, Corporate Reporting Manager at
Phintraco Consulting, and Research & Development PT Adaro Energy Tbk, Manager Investor Relations at
Manager at Verint Systems. PT Derma Henwa Tbk, Department Head at
PT Bank Internasional Tbk, Assistant Vice President
He earned his Master of Management degree from at PT Bank Danamon Indonesia Tbk, Manager
Atma Jaya University Jakarta in 2003. Strategic Studies at Indonesian Bank Restructuring
Agency and Manager at PT Pemeringkat Efek
Indonesia (Indonesia Credit Rating Agency).
He earned his Master of Business Administration
from Cleveland State University in 1995.
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and Analysis Responsibility
Haryadwi Saputra Kartawidjaja Veronika Dyah Puspitaningrum
Head of Internal Audit Head of Compliance & AML Unit
Indonesian Citizen, 44 years old Indonesian Citizen, 43 years old
Appointed as Head of Internal Audit in the Company Appointed as Head of Compliance & AML Unit in the
since 2018. Prior to joining the Company, he served as Company since 2022. Prior to joining the Company,
Vice President at Citibank NA, Vice President at she served as Head of Risk and Fraud Management
PT Bank ANZ Indonesia, Assistant Vice President at at LinkAja, Vice President at Commonwealth Bank,
PT Bank Danamon Indonesia Tbk, Assistant Manager Vice President at United Overseas Bank Limited,
at PT Bank HSBC, Senior Auditor at KPMG. Assistant Vice President at PT. Bank CIMB Niaga,
Tbk, Senior Manager at PT. Bank OCBC NISP Tbk.
He earned his Bachelor of Accounting and Finance She started his career at PT Bank Permata Tbk as
from Wright State University in 2002. Operations Officer Training Program in 2005.
She earned his Bachelor of Political Science degree
from Padjadjaran University in 2003.
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CHANGES IN THE COMPOSITION
OF MEMBERS OF THE BOARD OF
COMMISSIONERS AND BOARD OF
DIRECTORS
Adira Finance has made changes to the composition of the Board of Commissioners and the Board of
Directors in order to improve performance even further. On April 4, 2023, Mr. Daisuke Ejima was appointed
as a member of the Board of Commissioners and Mr. Denny Riza Farib was appointed as a member of
the Board of Directors of Adira Finance according to the Decision of the Annual General Meeting of
shareholders. Thus, the current membership of the Company's Board of Commissioners and Board of
Directors is as follows:
Board of Commissioners
Daisuke Ejima : President Commissioner
Krisna Wijaya : Independent Commissioner
Manggi Taruna Habir : Independent Commissioner
Eng Heng Nee Philip : Commissioner
Congsin Congcar : Commissioner
Hafid Hadeli : Commissioner
Board of Directors
I Dewa Made Susila : President Director
Swandajani Gunadi : Director
Niko Kurniawan Bonggowarsito : Director
Jin Yoshida : Director
Harry Latif : Director
Denny Riza Farib : Director
There were no changes in the composition of members of the Board of Directors and/or members of the
Board of Commissioners that occurred after the financial year ended until the deadline for submitting the
Annual Report.
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NUMBER AND DATA ON EMPLOYEE
COMPETENCY DEVELOPMENT [SEOJK C.3] [GRI 2-7]
Number of Employees by Directorate
Directorate 2019 2020 2021 2022 2023
Compliance Function 34 35 35 12 8
Finance Directorate 101 100 92 86 85
HC Management & CREM Directorate 316 276 279 306 333
Information Technology Directorate 153 160 209 224 242
Operations Directorate 1,275 764 739 697 -
Sales & Distribution Directorate 7,700 6,165 6,931 6,985 7,741
Credit, Collection & Legal Directorate 7,651 8,467 8,341 8,498 8,052
Sales Portfolio Directorate 199 201 196 214 199
Marketing & Digital Center of Excellence 172 185 197 202 237
Directorate
Business Alliance Strategy & 7 6 7 8 61
Transformation Directorate
Risk Directorate - - - - 209
Reporting Directly to The President 69 65 67 69 76
Director
Number of Employees by Organization Level/Position
Organization Level/Position 2019 2020 2021 2022 2023
Board of Directors 5 7 7 5 6
Deputy Director 8 7 7 7 9
Head of Division 72 72 70 69 73
Manager 729 711 719 734 785
Supervisor 4,114 3,966 3,884 3,912 4,025
Staff 12,749 11,662 12,406 12,574 12,345
Total 17,677 16,425 17,093 17,301 17,243
Number of Employees by Education Level
Education Level 2019 2020 2021 2022 2023
Post Graduate 85 87 87 90 104
Bachelor 11,850 11,044 11,571 11,770 11,926
Diploma 3,527 3,272 3,266 3,212 3,125
Senior High School 2,212 2,019 2,166 2,226 2,085
Junior High School 3 3 3 3 3
Elementary School - - - - -
Total 17,677 16,425 17,093 17,301 17,243
Number of Employees by Employment Status
Employment Status 2019 2020 2021 2022 2023
Contract 4,325 2,858 3,110 3,389 2,524
Permanent 13,352 13,567 13,983 13,912 14,719
Total 17,677 16,425 17,093 17,301 17,243
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Number of Employees by Age
Age 2019 2020 2021 2022 2023
<26 years old 1,602 818 824 790 881
26<-<36 years old 9,486 9,414 9,685 9,426 8,883
36<-<46 years old 5,971 5,607 5,890 6,172 6,370
46<-<51 years old 522 503 586 765 905
51<-<55 years old 90 76 101 142 200
>55 years old 6 6 7 6 4
Total 17,677 16,425 17,093 17,301 17,243
Number of Employees by Term of Office
Term of Office 2019 2020 2021 2022 2023
<1 years 1,718 872 2,345 1,728 1,512
1<-<5 years 6,177 6,442 5,759 5,820 5,780
5<-<10 years 5,387 4,822 3,510 3,257 3,337
10<-<15 years 2,516 2,216 3,579 4,333 4,067
15<-<20 years 1,751 1,953 1,711 1,884 2,111
20<-<25 years 114 108 174 250 356
25 years 14 11 15 29 80
Total 17,677 16,425 17,093 17,301 17,243
Number of Employees by Gender
Gender 2019 2020 2021 2022 2023
Male 14,307 13,551 14,143 14,205 13,963
Female 3,370 2,874 2,950 3,096 3,280
Total 17,677 16,425 17,093 17,301 17,243
Employee Competency Development Data 2023 [SEOJK F.22][GRI 404-2]
Number of Participants and Position Level
Type of Junior
Training Objective Senior Middle
Training and Non
Management Management
Management
Qualification Prepare the competency of a position holder according - 557 4,076
to a certain rank level.
Mandatory Provide the required insights and knowledge for 70 1,586 67,260
employees in order to carry out their duties and
responsibilities properly, as well as ensuring business
continuity through good corporate
governance and risk mitigation.
Functional Improve employee competency in accordance with the 40 1,976 36,016
job function.
Transformation Preparing employee competencies in carrying out the 2 302 3,184
Company transformation program.
Additional Optimizing employees’ potential, enabling them to 287 3,444 48,184
become more effective as individuals and as employees
Cost of Employee Competency Development [SEOJK F.22][GRI 404-2]
Employee Training 2019 2020 2021 2022 2023
Number of Training Participants 115,358 289,644 202,686 172,951 175,264
Training and Development Investment 53.4 15.1 11.1 64.7 80.2
(Rp billion)
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SHAREHOLDERS COMPOSITION
Major and Controlling Shareholders
Since January 2004, PT Bank Danamon Indonesia Tbk has been the majority and controlling shareholder
in Adira Finance. The following information is available about Adira Finance shareholders as of December
31, 2023:
Number of Share Nominal Value (IDR, Share Percentage
Shareholders Name
Ownership 100, -/Share) (IDR) (%)
PT Bank Danamon Indonesia Tbk 920,700,000 92,070,000,000 92.07%
Public 79,300,000 7,930,000,000 7.93%
Total 1,000,000,000 100,000,000,000 100.00%
Composition of the 20 Largest Shareholders
No. Shareholder Name Number of Shares (Shares) Ownership Percentage (%)
1. PT Bank Danamon Indonesia Tbk 920,700,000 92.07%
2. Corporate Investor 1 10,000,300 1.00%
3. Corporate Investor 2 5,931,200 0.59%
4. Corporate Investor 3 4,204,800 0.42%
5. Corporate Investor 4 3,909,600 0.39%
6. Corporate Investor 5 3,622,300 0.36%
7. Individual Investor 1 1,932,700 0.19%
8. Individual Investor 2 1,560,500 0.16%
9. Individual Investor 3 1,400,000 0.14%
10. Individual Investor 4 1,004,500 0.10%
11. Individual Investor 5 910,500 0.09%
12. Corporate Investor 6 901,800 0.09%
13. Individual Investor 6 852,000 0.09%
14. Individual Investor 7 815,500 0.08%
15. Individual Investor 8 792,000 0.08%
16. Individual Investor 9 782,000 0.08%
17. Corporate Investor 7 640,900 0.06%
18. Individual Investor 10 588,700 0.06%
19. Individual Investor 11 545,000 0.05%
20. Individual Investor 12 528,900 0.05%
Composition of Shareholders with Ownership of >5%
Persentase
Number of Shares Total
Shareholder Name Kepemilikan
(Shares) (IDR)
(%)
January 1, 2023 to December 31, 2023
PT Bank Danamon Indonesia Tbk 920,700,000 92,070,000,000 92.07%
Total 920,700,000 92,070,000,000 92.07%
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Composition of Shareholders with Ownership of <5%
Ownership
Number of Shares Total
Shareholder Name Percentage
(Shares) (IDR)
(%)
January 1, 2023 to December 31, 2023
Public 79,300,000 7,930,000,000 7.93%
Total 79,300,000 7,930,000,000 7.93%
Composition of Shareholders Based on Classification
Ownership
Number of Number of Shares
Classification of Shareholders Percentage
Shareholders (Shares)
(%)
Local Shares
Institution 49 935,844,415 93.58
Individual 4,766 42,783,000 4.28
Foreign Shares
Institution 46 20,618,385 2,06
Individual 12 754,200 0,08
Total 4,873 1,000,000,000 100.00
Share Ownership (Direct and Indirect) of the Board of Commissioners and the Board
of Directors
Shares in Shares in
Shares in Adira
Name Position Shares in Adira Other Financial Non-Financial
Finance
Institutions Institution
January 1, 2023 until Desember 31, 2023
Board of Commissioners
Daisuke Ejima President - - - -
Commissioner
Krisna Wijaya Independent - - - -
Commissioner
Manggi Taruna Habir Independent - - - -
Commissioner
Eng Heng Nee Philip Commissioner - - - -
Congsin Congcar Commissioner - - - -
Hafid Hadeli Commissioner - - - -
Board of Director
I Dewa Made Susila President Director - - - -
Swandajani Gunadi Director - - - -
Niko Kurniawan Director - - - -
Bonggowarsito
Jin Yoshida Director - - - -
Harry Latif Director - - - -
Denny Riza Farib Director - - - -
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CHRONOLOGY OF STOCK LISTING
Based on the Deed of Decision Statement of All Shareholders of PT Adira Dinamika Multi Finance No.13
dated January 26, 2004, made in the presence of Fathiah Helmi, SH, Notary in Jakarta, which has been
approved and reported to the Minister of Justice and Human Rights of the Republic of Indonesia, the
Company’s shareholders on January 26, 2004, among others, agreed to: (i) increase the Company’s
authorized capital from IDR100 billion to IDR400 billion and (ii) change the par value of the Company’s
shares from IDR1,000 per share to IDR100 per share. Based on Deed No.13/2004, on January 26, 2004,
the Company’s shareholders also approved the sale of shares owned by Mr. Theodore Permadi Rachmat,
equivalent to 90.0% of his entire shares (810,000,000 shares) and those owned by Mr. Stanley Setia Atmadja,
equivalent to 10.0% of all shares he owns (90,000,000 shares) to strategic investors.
In addition, according to the Conditional Sale and Purchase Agreement (CSPA) dated January 26, 2004,
signed by Theodore Permadi Rachmat and Stanley Setia Atmadja as sellers and PT Bank Danamon
Indonesia Tbk (Bank Danamon) as buyers, the sellers would transfer a portion of their remaining shares in
the Company, amounting to 750,000,000 shares representing 75.0% of the total subscribed and fully paid
shares, to the buyer through a Direct Placement mechanism outside of the stock exchange. This transfer
took place immediately after the Company's shares are listed on the Jakarta Stock Exchange (JSX) and the
Surabaya Stock Exchange (SSX), as well as the fulfillment of the conditions agreed upon by the sellers and
the buyer, including Bank Indonesia approval. The shares that were transferred have an estimated value of
IDR850 billion, as determined by the CSPA.
In March 2004, the Company conducted a public offering of shares, with as many as 100,000,000 shares
owned by the Company’s shareholders (divestment shares), or 10% of all issued and fully paid shares. In
accordance with SSX Announcement No.JKT-343/LIST-PENG/BES/III/2004 dated March 29, 2004, which
refers to the Company’s letter No.071/ADMF/CS/III/04 dated March 25, 2004 regarding Initial Shares Listing
and SSX Letter No.JKT-028/LIST-EMITEN/BES/III/2004 dated March 29, 2004 regarding the approval
for the initial registration of PT Adira Dinamika Multi Finance Tbk Shares, the number of shares in the
Public Offering of Shares that were listed on March 31, 2004 and the composition of shareholders and the
composition of share ownership in the Company is as follows:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Theodore Permadi Rachmat 810,000,000 81,000,000 81.0
- Stanley Setia Atmadja 90,000,000 9,000,000 9.0
- Public (with respective shareholding below 5%) 100,000,000 10,000,000 10.0
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
On March 31, 2004, the Company's shares were publicly listed and offered for the first time on JSX and
SSX (and later merged into the Indonesia Stock Exchange (IDX)) under the stock ticker code ADMF in the
amount of 100,000,000 shares, at an initial offering price of IDR2,325 per share from a total of 1,000,000,000
shares issued.
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Page 134
Year 2004
In accordance with BES Announcement No.JKT-166/LIST-PENG/BES/IV/2004 dated April 13, 2004 which
announced the Company’s report based on Letter No.080/ADMF/CS/IV/04 dated April 13, 2004 regarding
information disclosure in connection with the acquisition of shares of PT Adira Dinamika Multi Finance Tbk
on April 8, 2004, Bank Danamon Indonesia took over throughIDR75,000,000,000 or representing 75.0%
of the entire shares issued by the Company, from Theodore Permadi Rachmat and Stanley Setia Atmadja
based on the CSPA dated January 26, 2004, therefore the shareholders composition and shares ownership
composition in the Company changed to be as follows:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
- Theodore Permadi Rachmat 135,000,000 13,500,000 13.0
- Stanley Setia Atmadja 15,000,000 1,500,000 2.0
- Public (with respective shareholding below 5%) 100,000,000 10,000,000 10.0
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
Furthermore, according to SSX Announcement No.JKT-160/LIST-PENG/BES/I/2005 dated January 12, 2005
which announced the Company’s report based on Letter No.002/ADMF/CS/I/05 dated January 10, 2005,
Mega Value Profits Limited purchased 150,000,000 shares of the Company consisting of 135,000,000
shares owned by Theodore Permadi Rachmat and 15,000,000 shares owned by Stanley Setia Atmadja, and
took a share of public ownership of 24,193,500 shares on October 5, 2004. Accordingly, the composition of
shareholders and the composition of share ownership in the Company at the end of 2004 were as follows:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
- Mega Value Profits Limited 174,193,500 17,419,350 17.4
- Public (with respective shareholding below 5%) 75,806,500 7,580,650 7.6
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
Year 2009
Throughout the 2004-2009 period, Mega Value Profits Limited raised its ownership in ADMF to 20%. This
transaction represented shares purchased from the public through IDX, which led to changes in the
Company’s shareholders and ownership composition at the end of the first semester of 2009 as follows:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Bank Danamon Indonesia 750,000,000 75,000,000 75.0
- Mega Value Profits Limited 200,000,000 20,000,000 20.0
- Public (with respective shareholding below 5%) 50,000,000 5,000,000 5.0
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Bank Danamon exercised its call option on July 9, 2009, to acquire a 20% stake in Adira Finance, which
amounts to 200,000,000 shares, from Mega Value Profits Limited. Bank Danamon augmented its share
ownership from 75% to 95% through this transaction. The total value of the shares purchased transaction
was IDR1,614 billion, equivalent to IDR8,070 per share. Additionally, a call option premium or prepayment
of IDR187 billion was paid. As a result, there have been changes in the composition of shareholders and the
ownership of shares in the Company, which are now as follows:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Bank Danamon Indonesia 950,000,000 95,000,000 95.0
- Public (with respective shareholding below 5%) 50,000,000 5,000,000 5.0
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
Year 2016
Bank Danamon publicly released 29.2 million shares on January 25, 2016, in order to ensure that Adira
Finance meets the minimum share ownership requirements set by the Indonesia Stock Exchange
Regulation No. IA regarding the listing of shares and other securities issued by listed companies.
Consequently, the Company's shareholders and the share ownership composition underwent a change,
resulting in the following composition:
Nominal Value
Description Number of Shares Percentage (%)
(IDR Thousands)
Authorized Capital 4,000,000,000 400,000,000
Issued and Fully Paid Capital:
- Bank Danamon Indonesia 920,700,000 92,070,000 92.07
- Public (with respective shareholding below 5%) 79,300,000 7,930,000 7.93
Total Issued and Fully Paid Up Capital 1,000,000,000 100,000,000 100.0
Unissued Shares 3,000,000,000 300,000,000
Year 2017, 2018, 2019, 2020, 2021, and 2022
There were no transactions related to authorized capital, issued capital, and fully paid-up capital, except
for the transactions mentioned above and normally traded on the stock exchange during 2017, 2018, 2019,
2020, 2021, and 2022. Furthermore, there were no members of the Board of Commissioners or the Board of
Directors of Adira Finance who own the Company’s shares.
Year 2023
Prior to the release of the 2023 Adira Finance Annual Report, the Company had only issued and recorded
one type of share securities on the IDX.
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CHRONOLOGY OF OTHER
SECURITIES LISTING
Chronology of the Issuance of Debt Securities and Mudharabah Bonds of the Company
Effective Interest
Amount
Debt Securities and Mudharabah Bonds Notification Letter Number Payment
(IDR Million)
Date Schedule
Adira Dinamika Multi Finance Bonds I Year 2003 April 23, 2023 No. S-839/PM/2003 500,000 Quarterly
Adira Dinamika Multi Finance Bonds II Year 2006 May 24, 2006 No. S-137/BL/2006 750,000 Quarterly
Adira Dinamika Multi Finance Bonds III Year 2009 May 4, 2009 No. S-3485/BL/2009 500,000 Quarterly
Adira Dinamika Multi Finance Bonds IV Year 2010 October 21, 2010 No. S-9564/BL/2010 2,000,000 Quarterly
Adira Dinamika Multi Finance Bonds V Year 2011 May 18, 2011 No. S-5474/BL/2011 2,500,000 Quarterly
Adira Dinamika Multi Finance Medium-Term Notes I Year 2011 - - 400,000 Quarterly
Adira Dinamika Multi Finance Continuing Bonds I with Fixed Interest December 9, 2011 No. S-13197/BL/2011 2,523,000 Quarterly
Rate Phase I Year 2011
Adira Dinamika Multi Finance Continuing Bonds I with Fixed Interest December 9, 2011 No. S-13197/BL/2011 1,850,000 Quarterly
Rate Phase II Year 2012
Adira Dinamika Multi Finance Continuing Bonds I with Fixed Interest December 9, 2011 No. S-13197/BL/2011 1,627,000 Quarterly
Rate Phase III Year 2012
Adira Finance Continuing Bond II Phase I Year 2013 February 21, 2013 No. S-37/D.04/2013 2,000,000 Quarterly
Adira Finance Continuing Bond II Phase II Year 2013 February 21, 2013 No. S-37/D.04/2013 2,092,000 Quarterly
Adira Finance Continuing Bond II Phase III Year 2014 February 21, 2013 No. S-37/D.04/2013 1,500,000 Quarterly
Adira Finance Continuing Bond II Phase IV Year 2014 February 21, 2014 No. S-37/D.04/2013 1,503,000 Quarterly
Adira Finance Continuing Bond III Phase I Year 2015 June 25, 2015 No. S-279/D.04/2015 979,000 Quarterly
Adira Finance Continuing Bond III Phase II Year 2015 June 25, 2015 No. S-279/D.04/2015 1,437,000 Quarterly
Adira Finance Continuing Bond III Phase III Year 2016 June 25, 2015 No. S-279/D.04/2015 1,101,000 Quarterly
Adira Finance Continuing Bond III Phase IV Year 2016 June 25, 2015 No. S-279/D.04/2015 1,700,000 Quarterly
Adira Finance Continuing Bond III Phase V Year 2017 June 25, 2015 No. S-279/D.04/2015 2,014,000 Quarterly
Adira Finance Continuing Bond III Phase VI Year 2017 June 25, 2015 No. S-279/D.04/2015 769,000 Quarterly
Adira Finance Continuing Bond IV Phase I Year 2017 December 4, 2017 No. S-458/D.04/2017 1,300,000 Quarterly
Adira Finance Continuing Bond IV Phase II Year 2018 December 4, 2017 No. S-458/D.04/2017 1,630,000 Quarterly
Adira Finance Continuing Bond IV Phase III Year 2018 December 4, 2017 No. S-458/D.04/2017 2,260,000 Quarterly
Adira Finance Continuing Bond IV Phase IV Year 2018 December 4, 2017 No. S-458/D.04/2017 618,000 Quarterly
Adira Finance Continuing Bond IV Phase V Year 2019 December 4, 2017 No. S-458/D.04/2017 2,000,000 Quarterly
Adira Finance Continuing Bond IV Phase VI Year 2019 December 4, 2017 No. S-458/D.04/2017 1,192,000 Quarterly
Adira Finance Continuing Bond V Phase I Year 2020 June 30, 2020 No. S-182/D.04/2020 1,300,000 Quarterly
Adira Finance Continuing Bond V Phase II Year 2021 June 30, 2020 No. S-182/D.04/2020 1,300,000 Quarterly
Adira Finance Shelf Registration Bond V Phase III Year 2022 June 30, 2020 No. S-182/D.04/2020 1,700,000 Quarterly
Adira Finance Shelf Registration Bond VI Phase I Year 2023 June 27, 2023 No. S-164/D.04/2023 1,700,000 Quarterly
Adira Finance Shelf Registration Bond VI Phase II Year 2023 June 27, 2023 No. S-164/D.04/2023 1,250,000 Quarterly
Adira Finance Continuing Mudharabah Bonds I Phase I Year 2013 February 21, 2013 No. S-37/D.04/2013 379,000 Quarterly
Adira Finance Continuing Mudharabah Bonds I Phase II Year 2014 February 21, 2013 No. S-37/D.04/2013 133,000 Quarterly
Adira Finance Continuing Mudharabah Bonds II Phase I Year 2015 June 25, 2015 No. S-279/D.04/2015 500,000 Quarterly
Adira Finance Continuing Mudharabah Bonds II Phase II Year 2016 June 25, 2015 No. S-279/D.04/2015 86,000 Quarterly
Adira Finance Continuing Mudharabah Bonds II Phase III Year 2017 June 25, 2015 No. S-279/D.04/2015 386,000 Quarterly
Adira Finance Continuing Mudharabah Bonds III Phase I Year 2017 December 4, 2017 No. S-458/D.04/2017 200,000 Quarterly
Adira Finance Continuing Mudharabah Bonds III Phase II Year 2018 December 4, 2017 No. S-458/D.04/2017 490,000 Quarterly
Adira Finance Continuing Mudharabah Bonds III Phase III Year 2018 December 4, 2017 No. S-458/D.04/2017 214,000 Quarterly
Adira Finance Continuing Mudharabah Bonds III Phase IV Year 2019 December 4, 2017 No. S-458/D.04/2017 96,000 Quarterly
Adira Finance Continuing Mudharabah Bonds IV Phase I Year 2020 June 30, 2020 No. S-182/D.04/2020 200,000 Quarterly
Adira Finance Continuing Mudharabah Bonds IV Phase II Year 2021 June 30, 2020 No. S-182/D.04/2020 200,000 Quarterly
Adira Finance Continuing Mudharabah Bonds IV Phase III Year 2022 June 30, 2020 No. S-182/D.04/2020 300,000 Quarterly
Adira Finance Continuing Mudharabah Bonds V Phase I Year 2023 June 27, 2023 No. S-164/D.04/2023 300,000 Quarterly
Adira Finance Continuing Mudharabah Bonds V Phase II Year 2022 June 27, 2023 No. S-164/D.04/2023 300,000 Quarterly
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
SHAREHOLDER OF AFFILIATES,
SUBSIDIARIES, ASSOCIATES, AND
JOINT VENTURES
PT Bank Danamon Indonesia Tbk supported by an e-channel platform that includes
PT Bank Danamon Indonesia Tbk (“Bank Danamon's network of 1,255 ATMs and CDMs (Cash
Danamon”) was established in 1956. Currently, Deposit Machines), as well as access to ATMs in the
Danamon has grown to become one of the largest ATM Bersama, ALTO, and Prima networks spread
financial institutions in Indonesia, managing assets across Indonesia.
worth around IDR221.3 trillion with its subsidiaries.
In 2023, Danamon shares were owned by MUFG In addition, Danamon services can also be
Bank (92.47%) and public shareholders (7.53%). accessed through Danamon Online Banking, the
With the vision of “We Care and Help Millions of D-Bank Pro application, D-Card, and SMS Banking,
People Achieve Prosperity,” Danamon serves all with features and capabilities that continue to
customer segments, ranging from Consumer, be improved in accordance with the demands
Small and Medium Enterprises, and Enterprise of banking service users in the digital era, which
(Commercial and Corporate) customers, with a prioritize ease and speed of transactions.
series of comprehensive banking and financial
products and services, including Sharia banking PT Adira Quantum Multifinance
services. In addition, Danamon also provides PT Adira Quantum Multifinance, or Adira Kredit,
financing for automotive and consumer goods is one of Indonesia's leading multi-finance
through Adira Finance. companies, specializing in the financing of
consumer goods such as electronics, computers,
As part of MUFG Bank, the biggest bank in Japan furniture, and household appliances. Adira Kredit
and the leading financial institution in the world, is still in liquidation, and its business license has
Danamon can leverage the strength, expertise, been revoked by the Financial Services Authority
and network of MUFG to serve its customers and (OJK) in accordance with the Decree of the OJK
grow, along with delivering long-term value to all Board of Commissioners No.KEP-103/D.05/2017
stakeholders. dated December 21, 2017.
Danamon operates an extensive distribution Subsidiaries, Associates and Joint
network from Aceh to Papua, supported by Ventures [SEOJK C.6][GRI 2-2][GRI 2-4]
approximately 863 conventional branch offices, As of the financial year period December 31, 2023,
Sharia units, and the Adira Finance branch Adira Finance does not have Subsidiaries, Associates
network. Danamon's distribution network is also and Joint Ventures.
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GROUP STRUCTURE
There were no changes related to share ownership and capital structure or other changes during the
reporting period. [SEOJK C.3]
MUFG Bank, Ltd.
(Direct & Indirect)
92.47%
Public
7.53%
PT Bank Danamon
Indonesia Tbk
92.07%
Public
7.93%
PT Adira Dinamika
Multi Finance Tbk
9.83%
PT Home Credit
Indonesia
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
PUBLIC ACCOUNTING SERVICES AND
PUBLIC ACCOUNTING FIRM
Public
Year Accountant Service Fee
Accountant Public Accounting Firm Address Services Provided
Period Name (IDR)
Firm
2023 Imelda & Elisabeth The Plaza Office Tower 32nd Floor Audit the Company's Annual 1,600,000,000
Rekan Imelda Jl. M.H. Thamrin Kav 28-30 Financial Statements for the
Central Jakarta 10350 2023
Tel : +6221 5081 8000
Fax : +6221 2992 8200 / 8300
Website : www2.deloitte.com
2023 Imelda & Elisabeth The Plaza Office Tower 32nd Floor Issuance of comfort letters in 1,000,000,000
Rekan Imelda Jl. M.H. Thamrin Kav 28-30 the framework of Continuous
Central Jakarta 10350 Public Offering of Continuous
Tel : +6221 5081 8000 Bonds VI and Continuous
Fax : +6221 2992 8200 / 8300 Sukuk V
Website : www2.deloitte.com
2023 Imelda & Elisabeth The Plaza Office Tower 32nd Floor Issuance of Limited Assurance 100,000,000
Rekan Imelda Jl. M.H. Thamrin Kav 28-30 Default Payment in the
Central Jakarta 10350 framework of Continuous
Tel : +6221 5081 8000 Public Offering of Continuous
Fax : +6221 2992 8200 / 8300 Bonds VI and Continuous
Website : www2.deloitte.com Sukuk V
2023 Imelda & Elisabeth The Plaza Office Tower 32nd Floor Report on Prudential Principal 75,000,000
Rekan Imelda Jl. M.H. Thamrin Kav 28-30 Application
Central Jakarta 10350
Tel : +6221 5081 8000
Fax : +6221 2992 8200 / 8300
Website : www2.deloitte.com
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NAME AND ADDRESS OF CAPITAL
MARKET SUPPORTING INSTITUTION
AND/OR PROFESSION
SHARE REGISTRAR NOTARY
PT Adimitra Jasa Korpora Fathiah Helmi SH Notary Office
Kirana Boutique Office Graha Irama, 6th Floor, Suite C
Rukan Kirana Boutique Office Jl. HR Rasuna Said Blok X-1 Kav. 1&2
Jl. Kirana Avenue III Block F3 No. 5 Kuningan, South Jakarta 12950-Indonesia
Kelapa Gading-North Jakarta 14250 Tel : +6221 5290 7304/06
Tel : +6221 2936 5287/98 Fax : +6221 526 1136
Fax : +6221 2928 9961 Website: notaris-fathiahhelmi.com
E-mail : opr@adimitra-jk.co.id
CUSTODIAN
RATING AGENCY
PT Kustodian Sentral Efek Indonesia
PT Pemeringkat Efek Indonesia Bursa Efek Indonesia Building, Tower 1, 5th Floor
(PEFINDO) Jl. Jen d. Sudirman Kav. 52-53,
Panin Tower-Senayan City 17th Floor South Jakarta 12190
Jl. Asia Afrika Lot 19 Tel : +6221 515 2855
South Jakarta 10270 Fax : +6221 5299 1199
Tel : +6221 72782380 Credit Free : 0800 186 5734
Fax : +6221 72782370 Website : www.ksei.co.id
Website: www.pefindo.com E-mail : helpdesk@ksei.co.id
E-mail : corpcom@pefindo.co.id
TRUSTEE
PT Bank Negara Indonesia (Persero) Tbk
Gedung BNI BSD 14th Floor,
BSD City Kav. 1 No. 5
Jl. Pahlawan Seribu, Lengkong Gudang Serpong,
South Tangerang 15310-Indonesia
Tel : +6221 25541220
Fax : +6221 29514053
Website: www.bni.co.id
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and Analysis Responsibility
CORPORATE WEBSITE INFORMATION
In today's digital age, the presence of an official company website is becoming increasingly important.
Adira Finance's official website, which can be accessed at www.adira.co.id, was launched in 2010. The
website is accessible in both Indonesian and English. Adira Finance is committed to efficiently managing
its official website in order to consistently provide the public with accurate and up-to-date information.
Adira Finance will continue to update the content on the Company's website, not only to meet the
requirements of the authority, but also to provide information to all stakeholders. Adira Finance's website
has also completed the mandatory information required by Article 6 of the Financial Services Authority
Regulation (POJK) No. 8/POJK.4/2015 on the Website of Issuers or Public Companies, in which the Issuer or
Public Company is required to submit the following information:
1. General Information of the Issuer or Public Company: consisting of history and other information about
the Company, awards, Corporate Structure, Group and Ownership, as well as profiles of the Board of
Commissioners and the Board of Directors;
2. Information for Investors: consists of information regarding the General Meeting of Shareholders
(GMS); financial information, investor newsletter and press realease, dividend information, shares
informations, disclosure of information, and other related matters;
3. Corporate Governance Information: consists of policies on the implementation of good corporate
governance principles, and Company policies related to risk management;
4. Corporate Social Responsibility Information.
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MANAGEMENT EDUCATION
AND TRAINING [SEOJK F.22][GRI 404-2]
Education and Training of the Board of Commissioners
Name of Training/
Name Position Organizer Location Date
Seminar
Daisuke President Danamon Sustainability Danamon Online Apr 22, 2023
Ejima Commissioner
Anti Fraud Awareness and Anti Danamon Online Apr 22, 2023
Fraud Integrity Pact 2022
2023 Code of Ethic Danamon Online May 4, 2023
Seminar Executive Proficiency LSPPI Sheraton Grand May 26, 2023
Program & Basic Finance Jakarta Gandaria
Certification City Hotel
Prudential Banking Regulation GPS Consulting Menara Bank Jul 4-5, 2023
Training Danamon
Risk Management Certification Efektif Pro Menara Bank Sep 27, 2023
Level 4 and 5 (refreshment) Danamon
Danamon Compliance 2023 Danamon Online Dec 4, 2023
Krisna Independent National Seminar “New Era of APPI Raffles Hotel Jun 6, 2023
Wijaya Commissioner Financing Industry“ Jakarta
International Seminar: APPI Hilton Shinjuku Dec 15, 2023
Multifinance Indonesia Hotel, Tokyo Japan
Welcoming The Great
Opportunities After Pandemic
Manggi Independent National Seminar: Micro APPI Raffles Hotel Mar 3, 2023
Taruna Commissioner Financing and Human Jakarta
Habir Resources in 5.0 Society Era
Eng Heng Commissioner International Seminar: The APPI Pullman Hotel Aug 1, 2023
Nee Philip Future of Digitalization in Jakarta
Multifinance Industry
Congsin Commissioner International Seminar: The APPI Pullman Hotel Aug 1, 2023
Congcar Future of Digitalization in Jakarta
Multifinance Industry
Hafid Commissioner 7th MGPC MUFG Online Jan 10, 2023
Hadeli
Online Leadership Summit 3 Bank Danamon Online Jan 17, 2023
Years Plan Strategy
Eurasia Group Top Risks 2023 Eurasia Group Online Feb 2, 2023
Danamon Manager Forum Bank Danamon Hotel Mulia Feb 9-11, 2023
2023 LOB Meeting Series Jakarta
2023 Code of Ethic Bank Danamon Online EAZY Feb 20, 2023
Cyber Risk Awareness Bank Danamon MBD Lt. 23 Feb 23, 2023
CX Customer Promise Bank Danamon MBD Lt. 23 Mar 3, 2023
Workshop
Annual MUFG Senior MUFG Tokyo Apr 6-7, 2023
Leadership
Danamon Compliance 2023 Bank Danamon Online EAZY Aug 8, 2023
Columbia CX Columbia Business Online Jul 27, 2023
School Executive
Education
Danamon Mid-Term Business Bank Danamon Shangri-La Jakarta Aug 11, 2023
Plan (2024-2026) Kickoff
Meeting
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Name of Training/
Name Position Organizer Location Date
Seminar
Seminar Executive Proficiency APPI Hotel Mulia Aug 29, 2023
Program & Basis Finance Senayan
Certification
Basic Certification Assessment LSPPI Office 88, Jakarta Aug 30, 2023
for Commissioner
Townhall Meeting with MUFG Online Sep 4, 2023
Kamezawa-san
Work Safety in Emergency Bank Danamon Online EAZY Sep 7, 2023
Condition
APU, PPT & PPPSPM (AML, CTF Bank Danamon Online EAZY Sep 8, 2023
& CFPWMD)
DANAMON LEADERSHIP Bank Danamon The Grove, Jakarta Sep 8, 2023
ACADEMY 3
Danamon X Adira Co-Creation Bank Danamon MBD Lt. 23 Sep 19, 2023
Bancassurance Sales Leader Bank Danamon Kuala Lumpur Sep 21-24, 2023
Conference 2023
CFO Townhall Adira Finance Millennium Nov 2, 2023
Centennial Center
DLA3 Batch 2 Bank Danamon Wyndham Hotel, Nov 3, 2023
Jakarta
(APAC) MUFG Overseas MUFG Online Nov 7, 2023
Management Compliance
Workshop
MUFG Fintech Festival MUFG Singapore Nov 14, 2023
Singapore FinTech Festival 2023 Singapore FinTech Singapore Nov 15, 2023
Festtival
Virtual APAC Townhall with Bank Danamon Online Dec 6, 2023
Hironori Kamezawa
8th MGPC MUFG Tokyo Dec 15, 2023
Education and Training of the Board of Directors
Name of Training/
Name Position Organizer Location Date
Seminar
I Dewa Made President Director National Seminar “New APPI Raffles Hotel Jun 6, 2023
Susila Era of Financing Industry“ Jakarta
International
Seminar "The Future APPI Pullman Hotel Aug 1, 2023
of Digitalization in Jakarta
Multifinance Industry"
"Multifinance Indonesia: APPI Hilton Shinjuku Dec 15, 2023
Welcoming The Great Hotel, Tokyo Japan
Opportunities After
Pandemic"
Swandajani Director National Seminar “New APPI Raffles Hotel Jun 6, 2023
Gunadi Era of Financing Industry“ Jakarta
Niko Director International APPI Pullman Hotel Aug 1, 2023
Kurniawan Seminar "The Future Jakarta
Bonggowarsito of Digitalization in
Multifinance Industry"
Harry Latif Director National Seminar “New APPI Raffles Hotel Jun 6, 2023
Era of Financing Industry“ Jakarta
Jin Yoshida Director National Seminar APPI Raffles Hotel Oct 3, 2023
"Economic Outlook 2024" Jakarta
Denny Riza Director Seminar on Transfer LSPPI Jakarta Aug 25, 2023
Farib and Recognition of
Risk Management
Certification
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03
MANAGEMENT
DISCUSSIONS
AND ANALYSIS
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
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Table of Contents
Macroeconomic and Industry Outlook 144 Material Facts and Information Subsequent to 218
Accountant’s Report Date
Operational Review per Business Segment 148
Commitment and Contingency 218
Motorcycle Financing 150
Comparison of 2023 Target and Realization 218
Car Financing 154
2024 Outlook 219
Non-Automotive Financing 158
Dividend Policy 219
Operation Review per Region 162
Employee and/or Management Share Ownership 220
Marketing 164
Program
Operations 170
Realization of Proceeds from Public Offering 220
Human Resources 176
Material Transactions for Investments, Expansion, 221
Information Technology 192 Divestments, Business Mergers or Acquisitions, and
Debt/Capital Restructurings
Financial Review Analysis 198
Transactions with Conflicts of Interest and 221
Other Material Information 213
Transactions with Affiliated or Related Parties
Solvency 213
Changes to Laws and Regulations with a 223
Receivables Collectability 215 Significant Impact on The Company
Capital Structure 216 Changes in Accounting Principles 224
Material Commitments to Capital Expenditure 217 Compliance with Tax Payments 224
Realization of Capital Goods Investment for The 217 Economic Performance 226
Last Fiscal Year
Business Prospect 230
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MANAGEMENT DISCUSSIONS AND
ANALYSIS
New Financing
IDR41.6 trillion
Adira Finance has managed to register
growth in new financing in 2023 by 31.2%
(yoy) compared to the previous year to
IDR41.6 trillion. The increase occurred in
all segments, especially the motorcycle
segment. At the same time, managed
receivables (including the joint-financing
portion) have also increased by 25.0% (yoy)
compared to 2022 to IDR55.7 trillion in 2023.
Overall, the Company’s net income also
registered an increase of 21% (yoy) to IDR1.9
trillion in 2023.
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GLOBAL ECONOMIC REVIEW
The global economy is estimated to
experience yet another slowdown in 2023.
Macroeconomic And According to the International Monetary
Fund’s (IMF) estimates, economic growth
Industry Outlook
slowed to 3.0% (yoy) in 2023 from 3.5%
(yoy) in 2022. The factors behind the
global economic slowdown in 2023
were elevated consumer prices, tighter
monetary policy, geopolitical tensions,
and worsening global climate.
European Union's economy is estimated
to grow by just 0.7% (yoy) in 2023,
slower compared to 3.3% (yoy) in 2022,
while the United Kingdom's GDP is also
estimated to register only 0.5% (yoy)
growth in the same period against 4.1%
(yoy) in 2022. Russia, which experienced
a 2.1% (yoy) contraction in 2022 after it
invaded Ukraine, is estimated to swing
back to 2.2% (yoy) growth in 2023. United
States, which grew by 2.1% (yoy) in 2022,
is estimated to see another 2.1% (yoy)
growth in 2023. In Asia, China's economy
Global economic conditions is estimated to post an accelerated 5.0%
remain uncertain in 2023 amid (yoy) growth in 2023, compared to 3.0%
high daily consumption costs, (yoy) in 2022, while Japan's economy is
also estimated to grow at a faster pace of
interest rates, and geopolitical 2.0% (yoy) in 2023 from 1.0% (yoy) in 2022.
tensions. Despite the global India's economy is estimated to post
another slowdown following a 7.2% (yoy)
economic uncertainty,
growth in 2022 to 6.3% (yoy) in 2023.
Indonesia's economic growth
remains strong at 5.05%
(yoy), although it is slowing
compared to 2022.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
As mentioned earlier, although the global led to weather irregularities in many countries
economy has transitioned into the new normal worldwide, leading to various detrimental natural
after the pandemic ended, one of the significant disasters. For example, drought causes crop
challenges faced by the world economy is elevated failures, triggering food supply disruptions and
consumer prices. Even though inflation has pushing food prices. Prolonged droughts also
gradually subsided, consumers are still affected by elevate the average temperature around the world,
the high prices of goods and services, resulting in creating a water crisis in some parts of the globe
the slowed recovery of household consumption by while at the same time accelerating the meltdown
the high cost of living. Another major challenge is of ice in the Arctic.
higher interest rates, one of the consequences of
high inflation. As a result, business spending has DOMESTIC ECONOMIC REVIEW
been adversely impacted and thus contributed Indonesian GDP growth is estimated to grow by
to the economic slowdown. The third factor is the 5.0% (yoy) in 2023 based on the IMFs projection,
Middle East's geopolitical conflict, besides the slower than the 5.3% (yoy) expansion in 2022. Bank
ongoing Russia-Ukraine war. Up to this point, the Indonesia (BI) projected that the economy will
economic impact of the conflict in Gaza has been grow between 4.5% (yoy) and 5.3% (yoy) in 2023,
relatively limited, but further escalation may pose while the Ministry of Finance projected 5.1% (yoy)
a risk to the global economy. The fourth factor is economic growth in 2023.
the worsening global climate, which this year has
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Based on the latest data from Statistics Indonesia, INDUSTRY REVIEW
the Indonesian GDP has expanded by 5.1% (yoy) According to data from the Association of
to IDR12,301.4 trillion in 2023 from IDR11,710.2 in Indonesian Automotive Industries (Gaikindo), car
2022. A breakdown of GDP to its components sales in 2023 were recorded at 1 million units, or
shows that household consumption continued 4.1% lower than in 2022. Car sales dropped due to a
to be the biggest contributor to total GDP with a slowdown in the automotive market in the second
share of 52.7%, or equivalent to IDR6,486.3 trillion, half of 2023 as a result of high-interest rates and
which was 4.8% (yoy) higher than household slowing economic growth. Meanwhile, data from
consumption in 2023. Gross fixed capital the Indonesian Motorcycle Industry Association
formation-the second-biggest GDP component (AISI) shows domestic motorcycle sales in 2023
accounting for 31.3% of total GDP – has advanced increased to 6.2 million units, or 19.4% compared
by 4.4% (yoy) in 2023 to IDR3,848.7 trillion from to 2022. This increase is due to the recovery of
2022. Growth in exports of goods and services was motorcycle production caused by improved
at 1.3% (yoy) in 2023, but as imports of goods and semiconductor chip supply.
services fell by 1.6% (yoy) from the same period a
year earlier, net trade of goods and services have Furthermore, The Government's effort to
managed to grow to IDR514.9 trillion in 2023, or encourage the use of electric vehicles in Indonesia
up by 17.8% (yoy) compared to 2022. Government has also shown results, as reflected by rising sales
consumption also has expanded. It was up by 2.9% of EVs, hybrid EVs, and electric two-wheelers.
(yoy) in 2023 to IDR896.2 trillion from 2022. The trend of increasing electric vehicle usage is
expected to continue, as more public charging
After high inflation in 2022, the global economy infrastructures are available, production costs fall
recorded a decline in inflation rate in 2023. In as production technology improves, and continued
Indonesia, inflation has also moderated to 2.61% support from the Government in the form of sales
(yoy) in December 2023, returning to the Bank tax incentives. [FS10]
Indonesia’s (BI) target inflation range of 3%±1%.
However, BI raised its benchmark interest rate to Meanwhile, according to data from the Financing
6% in October 2023 to maintain the stability of the Services Authority (OJK), financing companies'
Rupiah exchange rate amidst increasing global net financing receivables increased from IDR415.9
uncertainty and as a step to anticipate the impact trillion in 2022 to IDR470.9 trillion in 2023.
of inflation on the Indonesian economy. The Meanwhile, the total of financing receivables,
Rupiah exchange rate was recorded at IDR15,416 including joint financing, amounted to IDR659.9
per US$ at the end of December 2023, slightly trillion in December 2023, increasing by 15% (yoy)
improving compared to IDR15,731 per US$ at the compared to December 2022. [FS11]
end of 2022, even as the United States Federal
Reserve raised its benchmark federal funds rate
by 100 basis points throughout 2023, taking it to
5.25%-5.50%.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Composition of net financing receivables as of December 2023
2020 30% 7% 60% 3%
2021 31% 8% 57% 4%
2022 34% 10% 52% 5%
2023 33% 10% 52% 5%
0% 20% 40% 60% 80% 100%
Investment Working Capital Multipurpose Sharia Financing
Furthermore, revenue from finance companies In terms of asset quality, Non-Performing
increased from IDR105.6 trillion in 2022 to IDR123.2 Financing (NPF) as of December 2023 showed a
trillion in 2023, total operating income improved slight increase to 2.44% from 2.32% in December
from IDR103.9 trillion to IDR121.2 trillion, and non- 2022. This was in line with Bank Indonesia's tight
operating income rose to IDR2.0 trillion in 2023 monetary policy, which led to higher interest rates.
from IDR1.7 trillion in 2022. Total net income after As a result, it impacts customer payment capacity
tax also increased to IDR23.0 trillion in December amidst slowed household consumption recovery
2023 from IDR20.4 trillion in December 2023. due to the high living cost. Meanwhile, profitability
indicators such as Return on Assets (ROA) and
Return on Equity (ROE) increased to 5.6% and
15.0%, respectively, as of December 2023.
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Operational Review
Per Business
Segment
Adira Finance continuously
expands its business in
the automotive and non-
automotive segments
through offering attractive
sales programs to customers
and cultivating positive
relationship with dealers.
The strategy aligns with the
business strategic direction
as outlined in the Company’s
strategic roadmap.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
As one of the leading financing companies in Indonesia, Adira
Finance offers diversified financing products, dominated mainly by
motorcycles and car financing products, both new and used with
various brands. Besides automotive financing, the Company also offers
non-automotive financing, such as multipurpose loans, durables, and
others. All of Adira Finance’s financing products are available in two
financing systems for its customers: conventional and sharia.
In line with its business development strategy, the Company is
committed to providing customer-centric services sustainably
through digital innovations that aim to meet all its customers' needs
while enabling the Company to improve operational efficiency.
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Business Overview
MOTORCYCLE FINANCING
Adira Finance has diversified its portfolio by
financing various motorcycle brands for both
new and used motorcycles. The composition
of new motorcycles represents 85% of the
total motorcycle financing.
Description of the Motorcycle Financing Adira Finance continuously innovates and develops
Business Segment products to meet the constantly shifting public
Adira Finance has worked diligently for over 30 financing needs, particularly within the automotive
years to establish and sustain its reputation for financing industry. Adira Finance offers customers
quality excellence and customer satisfaction. Our two financing systems: conventional and sharia.
dedication is demonstrated by our commitment
to providing the best financing products and In 2023, motorcycle financing at Adira Finance
services for our customers. accounted for 38% of its total new financing
portfolio, slightly higher than 36% in 2022. The
increase in contribution was attributed to higher
domestic sales of motorcycles due to the recovery
of the semiconductor chips supply chain.
15.7
In 2023 Adira Finance
IDR
has disbursed new
motorcycle financing
amounted to IDR15.7
trillion trillion.
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Motorcycle Financing Strategy and Policy of motorcycle sales in 2023 has been attributed
In its efforts to optimize the opportunities of to the improving supply chain of semiconductor
the domestic financing market, Adira Finance chips and other automotive parts compared to
provides financing facilities for purchasing new 2022.
and used motorcycles. At the same time, Adira
Finance is conscious that customers within the Adira Finance has implemented several strategies
motorcycle financing segment are relatively more and policies in motorcycle financing in response
sensitive to economic and purchasing power to challenges and opportunities throughout
volatilities amidst elevated prices of fuel and food 2023, such as aggressively increasing its market
commodities, which continued to persist in 2023. penetration by offering various attractive
programs to boost sales. Adira Finance also
In 2023, domestic wholesale motorcycle sales manages asset quality by carefully implementing
increased by 19.4% (yoy) to 6.2 million units from risk management principles. Thus, the Company
5.2 million units. As mentioned earlier, the growth implemented strategic steps such as providing
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segmented financing based on its risk profile products such as electric bicycles, electric cars,
while prioritizing financing for existing customers. and solar panels. [FS5]
The intensity of collection management has also
increased, including reminders, desk collection, Adira Finance strives to undergo digital business
and field collectors, ensuring the adequacy of transformation in 2023 in response to changing
the collection team’s capacity, and increasing the consumer preferences regarding online
intensity of necessary legal action to optimize transactions and the ongoing development of
recoveries. digital technology in the financing industry. The
Company’s digital platforms, such as momotor.id,
In 2023, Adira Finance will continue to disburse moservice.id, and the Adiraku mobile application,
financing for environmentally friendly continue to strengthen Adira’s online presence
products, such as electric motorcycles. Along by providing complete digital services to Adira
with increasing public understanding of the customers.
importance of the green living concept, the
availability of various brands of electric vehicles, Performance and Revenue of the
increasing infrastructure that supports the Motorcycle Financing Segment
use of electric vehicles, as well as providing In 2023, Adira Finance has disbursed new financing
promotional programs to consumers are excellent for motorcycles at IDR15.7 trillion, which consisted
opportunities for Adira Finance to develop of financing for new motorcycles amounted to
the distribution of electric vehicle financing. IDR13.4 trillion and for used motorcycles amounted
Therefore, the Company commits to developing to IDR2.3 trillion. The following is the detailed
sustainable finance and will continue to offer information regarding the composition of Adira
financing for various environmentally friendly Finance’s financing for new and used motorcycles
in 2021-2023.
Contribution of Business Segment 2021 2022 2023
New Motorcycles
New Financing (Thousand Unit) 467 429 602
Amount of New Financing (IDR Billion) 9,412 9,277 13,387
Growth of Total Financing 34.8% (1.4%) 44.3%
Average Annual Effective Interest Rate 31%-35% 31%-35% 31%-35%
Used Motorcycles
New Financing (Thousand Unit) 133 139 150
Amount of New Financing (IDR Billion) 1,705 2,074 2,353
Growth of Total Financing 12.7% 21.6% 13.5%
Average Annual Effective Interest Rate 36%-40% 36%-40% 36%-41%
Adira Finance has diversified its portfolio by providing financing for various brands of new motorcycles
for new and used motorcycles. Based on its brands, the performance of the motorcycles segment during
2021-2023 is outlined below:
2021 2022 2023
Description
Thousand Unit IDR Billion Thousand Unit IDR Billion Thousand Unit IDR Billion
New Motorcycles
Honda 332 6,107 294 5,896 446 9,333
Yamaha 113 2,652 111 2,591 130 3,197
Suzuki 1 18 2 31 2 42
Kawasaki 9 298 8 288 5 211
Others 11 337 14 471 19 604
Total New Motorcycles 467 9,412 429 9,227 602 13,387
Total Used Motorcycles 133 1,705 139 2,074 150 2,353
Total Motorcycles 599 11,118 568 11,350 752 15,741
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
In 2023, Adira Finance recorded new financing at IDR15.7 trillion for the motorcycle segment, up 38.7%
(yoy) from IDR11.4 trillion in 2022. Revenue from this segment was IDR3.8 trillion in 2023, increased by
19.8% (yoy) from IDR3.1 trillion in 2022. This segment recorded a net income of IDR1.6 trillion in 2023, 11.9%
(yoy) higher than IDR1.4 trillion in 2022. Meanwhile, the assets of this segment increased by 42.3% (yoy) to
IDR11.0 trillion from IDR7.7 trillion in 2022, while the segment’s liabilities also experienced growth of 68.3%
(yoy) to IDR6.8 trillion in 2023 from IDR4.0 trillion in 2022.
The performance of the motorcycle financing segment during 2021-2023 is outlined in the following chart:
Motorcycle Financing Chart
(in IDR trillion)
3.8
1.6
2023
6.8
11.0
3.1
1.4
2022
4.0
7.7
3.4
1.2
2021
4.4
7.8
0.0 2.0 4.0 6.0 8.0 10.0
Financing Revenue Net Income Liabilities Asset
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Business Overview
CAR FINANCING
Adira Finance has diversified its portfolio by
financing various car brands for both new
and used cars. The composition of new cars
represents 66% of total car financing, whereas
the remaining portion is accounted for used
cars.
Car Financing Business Segment In 2023, domestic wholesale car sales experienced
In the four-wheeled vehicle financing segment, a slight decline of 4.1% (yoy) to 1.0 million units from
Adira Finance provides financing for both new and 1.05 million units in 2022. In this period, sales of new
used, as well as for passenger and commercial cars. cars in the passenger car category decreased by
Moreover, similar to the two-wheeled segment, 0.6% (yoy) from 784 thousand units in 2022 to 779
Adira Finance also offers two financing systems: thousand units in 2023. Meanwhile, sales of new
conventional and sharia financing. cars in the commercial car category also recorded
a decline of 14.4% (yoy) from 265 thousand units in
2022 to 226 thousand units in 2023. The decline in
new car sales was due to a slowdown in economic
growth and the absence of sales tax incentives
from the Government in 2023.
17.9
In 2023 Adira
Finance has
IDR disbursed new
car financing
trillion amounted to
IDR17.9 trillion.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Car Financing Strategy and Policy Adira Finance also continued to carry out its digital
In 2023, Adira Finance adopted strategies business transformation in the car financing
and policies to face challenges and optimize segment to keep up with the shifting consumer
opportunities to increase assets and profitability. preferences towards online transactions and to
Several strategies the Company implemented follow the rapid advancement of technology.
were focusing on electric vehicle financing, Through its digital platforms such as momobil.id,
participating in automotive exhibition events, moservice.id and the Adiraku mobile application,
collaborating with the Company’s internal the Company continues to improve customer
ecosystem and external parties regarding experience and business efficiency. Digital branch,
special pricing and other promotional programs, for example, can be used to check the customer’s
and increasing the acquisition of new dealers. installment payments, apply for new financing,
Regarding asset quality, Adira Finance also check the progress of the financing application,
implements prudent asset management to keep explore the product and service catalogs, and
its Non-Performing Financing (NPF) level within contact customer service agents.
the Company’s internal limits.
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Performance and Revenue of the Car Regarding segment revenue, Adira Finance
Financing Segment recorded revenue at IDR2.5 trillion in 2023, 2.3%
In 2023, the car financing segment accounted (yoy) higher than IDR2.4 trillion in 2022. The
for 43% of Adira Finance’s total new financing Company recorded a net income for the car
portfolio, lower compared to 45% in 2022. The slight segment of IDR942.8 billion in 2023, down by 10.9%
decline was also a reflection of weaker wholesale (yoy) compared to IDR1.1 trillion in 2022. Meanwhile,
car sales in 2023. assets from the car financing segment increased
by 11.7% (yoy) from IDR11.5 trillion in 2022 to IDR12.9
The new financing for cars reached IDR17.9 trillion trillion in 2023, while segment liabilities increased
in 2023, increased from IDR14.2 trillion in 2022 or from IDR6.1 trillion in 2022 to IDR7.9 trillion in 2023
equivalent to 26.2% (yoy). Financing for passenger or growth of 29.0% (yoy).
cars and commercial cars were 47% and 53% of
total financing for new cars, respectively.
The following table outlines the performance of Adira Finance’s new and used car financing disbursements
for 2021-2023:
Contribution by Business Segment 2021 2022 2023
New Cars
New Financing (Thousand Unit) 35 42 50
Amount of New Financing (IDR Billion) 6,723 9,440 11,808
Growth of Total Financing 62.8% 40.4% 25.1%
Average Annual Effective Interest Rate 15-19% 13-17% 13-17%
Used Cars
New Financing (Thousand Unit) 36 39 46
Amount of New Financing (IDR Billion) 3,786 4,736 6,080
Growth of Total Financing 37.5% 25.1% 28.4%
Average Annual Effective Interest Rate 20-22% 18-22% 18-22%
The following table outlines new car financing by brand in 2021-2023:
2021 2022 2023
Description
Thousand Unit IDR Billion Thousand Unit IDR Billion Thousand Unit IDR Billion
New Cars
Daihatsu 15 2,139 18 2,871 21 3,509
Mitsubishi 6 1,706 6 1,989 7 2,476
Toyota 2 489 3 791 4 985
Suzuki 6 858 5 865 7 1,136
Honda 1 264 3 559 4 829
Others 5 1,268 7 2,365 7 2,872
Total New Cars 35 6,723 42 9,440 50 11,808
Total Used Cars 36 3,786 39 4,736 46 6,080
Total Cars 71 10,509 81 14,176 96 17,888
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Highlights Report Profile Discussion Governance and Social Data
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The performance of the car financing segment during 2021-2023 is outlined in the following chart:
Car Financing Chart
(in IDR trillion)
2.5
0.9
2023
7.9
12.9
2.4
1.1
2022
6.1
11.5
2.5
0.7
2021
6.0
10.4
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0
Financing Revenue Net Income Liabilities Asset
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Business Overview
NON-AUTOMOTIVE FINANCING
Adira Finance continues to provide financing
solutions that meet consumer needs in
every stage of life. To support future growth,
the Company is diversifying its business by
expanding its product offerings in the non-
automotive segment.
Segment Description consumers can take advantage of multipurpose
Adira Finance continues to innovate by loans for various needs within their life cycle, such
expanding its automotive financing business to as education, marriage, health, home renovation,
the non-automotive segment, which includes working capital, and other financing needs. The
multipurpose, heavy equipment, and durables campaign supported the segment’s performance
financing. This expansion is a diversification in 2023 and will continue as the Company expands
strategy to mitigate or reduce business risks coming to non-automotive financing.
from the weak period of the automotive industry.
Adira promoted its #diModalin campaign, in which The Company’s commitment to implementing
customer-centric principles has been supported
by providing easy-to-access durables financing
with flexible credit terms, various payment
options, and friendly customer service (Dering
Adira 1500 511). By offering a “One-Stop Solution”
to its customers, Adira Finance provides a wide
range of financing for products such as electronics
8.0
In 2023 Adira Finance
IDR
has disbursed new
financing for non-
automotive segment of
trillion IDR8.0 trillion.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
and gadgets, furniture, and household appliances. This expansion is based on the customer-centric
The Company aims to provide a comfortable and approach currently adopted by Adira Finance
positive customer experience for Adira’s valued and implemented through digitalization across
customers through these approaches. Like other the Adira Finance ecosystem. The ongoing digital
segments, customers may also choose from two business transformation within the segment aims
types of financing systems for non-automotive to improve operating efficiency and achieve a
financing: conventional and sharia. competitive advantage. In addition, the Company
will keep this segment’s asset quality under control
Non-Automotive Financing Strategies by applying prudent risk management principles.
and Policies
In line with Adira Finance’s strategic business As an essential element of the expansion strategy,
roadmap, the non-automotive financing segment the non-automotive financing segment continues
aims to expand the Company’s financing business to expand in terms of products and services offered.
network, making the segment an essential In addition, it provides easy financing terms and
element for Adira Finance’s business development. attractive interest policies to its customers.
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The Company’s mobile application, Adiraku, Performance and Revenue of the Non-
has been utilized to help improve the customer Automotive Financing Segment
experience and build customer loyalty. The Throughout 2023, Adira Finance disbursed
application enables customers to apply for new financing in the non-automotive segment
multipurpose loans and durables financing online amounted to IDR8.0 trillion, which was higher by
and check the status of their applications. Once the 29.1% (yoy) compared to IDR6.2 trillion disbursed in
application has been approved, customers can pay 2022. Within the segment, multipurpose financing
and check the installment payment. Adiraku also represented 90% of total non-automotive
has Adirapoin, a customer loyalty program in the financing, while the remaining 10% came from
form of reward points that can be exchanged with durables financing and others.
installment discounts or other attractive vouchers
such as phone credits, electricity tokens, and many Segment revenue in 2023 increased by 33.8%
others. The development of Adiraku has been an (yoy) to IDR1.4 trillion from IDR1.06 trillion in 2022.
ongoing process at Adira Finance to increase the Net income increased by 65.4% (yoy) in 2023 to
overall customer experience further. IDR705.2 billion from IDR426.3 billion in 2022. Total
assets grew from IDR3.0 trillion to IDR3.9 trillion
In terms of asset quality, Adira Finance continues in 2023, or an increase of 29.1% (yoy). Meanwhile,
to adopt prudent risk management principles in segment liabilities also significantly increased by
managing its asset quality, particularly within the 43.4% (yoy) from IDR1.7 trillion in 2022 to IDR2.5
non-automotive financing segment, in order to trillion in 2023.
keep the Non-Performing Financing (NPF) ratio
within the Company’s internal limit.
The following is the performance of the non-automotive financing business segment in 2021-2023:
Non-Automotive Financing Chart
(in IDR trillion)
1.4
0.7
2023
2.5
3.9
1.1
0.4
2022
1.7
3.0
0.8
0.4
2021
1.2
2.1
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5
Financing Revenue Net Income Liabilities Asset
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The more detailed income per business segment information can be found in note no. 47 on operating
segments in the 2023 Audited Financial Statements.
REVENUE AND PROFIT OF BUSINESS SEGMENTS
Adira Finance conducts its business activities and identifies the segments according to product type and
geographical areas. The profit or loss of each segment is used as the basis for each segment’s performance
assessment.
Information regarding the primary business segment for the period of 2021-2023 based on product type
is shown below:
Multipurpose Loan and
Motorcycles Cars
Description Others
2021 2022 2023 2021 2022 2023 2021 2022 2023
Consumer financing income 2,820.1 2,456.4 2,883.4 2,187.5 1,920.6 1,873.2 787.5 996.7 1.285.3
Murabahah margin 562.7 687.9 883.3 276.8 475.1 567.5 22.6 32.2 32.0
Financing leases income 0.8 0.7 0.5 28.5 39.7 50.9 2.4 27.9 96.5
Interest expenses and financing (457.4) (243.1) (360.4) (505.1) (360.6) (471.4) (95.6) (82.3) (137.9)
charges
Sharia revenue sharing for (16.6) (12.4) (13.5) (13.1) (16.0) (15.9) (0.8) (0.8) (0.6)
mudharabah bonds
Income for the period 1,246.8 1,442.1 1,613.2 740.9 1,057.9 942.8 372.2 426.3 705.2
Provision for impairment losses (837.9) (603.5) (936.2) (821.7) (478.1) (519.8) (131.0) (174.1) (191.7)
Assets 7,844.5 7,701.5 10,962.7 10,385.0 11,537.8 12,888.1 2,076.5 3,006.6 3,880.5
Liabilities 4,417.2 4,014.8 6,755.2 6,007.0 6,140.6 7,924.2 1,203.4 1,724.6 2,473.0
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OPERATION REVIEW PER REGION
OPERATIONAL PERFORMANCE BY GEOGRAPHICAL AREA
Adira Finance divides its business segments geographically into several operating areas, including
Jabodetabekser, West Java, Central Java, East Java, Sumatra, Kalimantan, Sulawesi, Bali, and Nusa
Tenggara. By the end of December 2023, Adira Finance had managed 466 business networks, including
sharia branches spread across several regions in Indonesia. [FS6][FS7]
Java* Jabodetabekser Sumatra
Description
2021 2022 2023 2021 2022 2023 2021 2022 2023
Operating income** 1,801.4 1,629.0 1,810.1 1,727.9 1,628.3 1,940.9 1,341.6 1,446.4 1,696.2
Interest expenses & financing (295.6) (154.4) (204.2) (246.3) (134.0) (222.4) (218.0) (168.7) (227.6)
charges***
Income for the period 499.6 691.4 708.2 849.9 880.1 978.6 421.6 578.1 684.1
Assets 4,793.1 4,607.6 6,155.5 3,925.1 4,812.1 7,243.2 4,581.7 5,328.3 6,100.1
Liabilities 2,817.9 2,442.1 3,769.0 2,393.2 2,665.4 4,496.2 2,699.4 2,856.9 3,767.4
Kalimantan Sulawesi Bali and Nusa Tenggara
Description
2021 2022 2023 2021 2022 2023 2021 2022 2023
Operating income** 523.2 547.5 678.3 1,008.0 1,105.5 1,148.3 286.5 280.3 398.8
Interest expenses & financing (77.6) (63.1) (85.7) (199.2) (161.0) (173.3) (51.9) (33.9) (56.4)
charges***
Income for the period 182.5 224.8 271.0 322.4 469.5 487.8 88.8 115.5 189.9
Assets 1,794.1 1,967.4 2,357.9 4,311.7 4,575.2 4,480.6 967.5 1,179.3 1,680.2
Liabilities 1,069.2 1,046.7 1,475.9 2,342.4 2,245.1 2,643.0 582.4 654.5 1,044.5
*) Consisting of West Java, Central Java, and East Java;
**) Consisting of consumer financing income, mudharabah margin, and financing lease income;
***) Including revenue sharing for mudharabah bonds.
As of the end of December 2023, Java (Java and Jabodetabekser) is still the most significant contributor
of all geographic areas, with 49% of total operating revenue, 44% of total interest expenses and financing
charges, 51% of the income for the year, 48% in assets and 48% of the liabilities of Company’s total portfolio.
The significant contribution of Java is due to its vital role in the Indonesian economy and high population
concentration compared to other islands in Indonesia, making it the most dominant financing market in
Indonesia.
Note 47 of the 2023 audited financial statement presents a more detailed revenue breakdown by
geographical area, which is an integral part of this annual report.
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Marketing
MARKET ANALYSIS AND
BUSINESS COMPETITION
Elevated consumer prices, tighter
monetary policy and geopolitical
uncertainties were the key factors behind
economic slowdown in 2023, both globally
and domestically. Consequently, the
automotive and financing industries have
been affected as well. Sales of cars have
been weaker in 2023 compared to a year
earlier, particularly due to rising interest
rates and slowing economic growth.
Sales of motorcycles however, have been
robust in 2023, driven by production of
motorcycle that gradually recovers as the
supply of semiconductor chips improves.
On the other hand, competition within
the financing industry has remained
intense in 2023, as reflected by the
data from Financial Service Authority
Adira Finance remains (OJK) which shows that the number of
committed to maintain financing institutions has dropped to 147
a strong synergy with in 2023 from 153 in 2022.
its business partners, MARKET POSITIONING
expanding the market share To ensure that Adira Finance is going to
stay as the leading company within the
by expanding its business,
financing industry, the Company has
offering attractive programs, continued to position itself as one of
and continuing the Company’s the largest financing companies for the
automotive industry. As the popularity of
digital transformation. electric vehicles (EV) continued to rise in
recent years in regards to the increasing
prominence of the importance of “green
living” among the society, Adira Finance
has started to expand to EV financing as
well. Not just as a decision to capture the
opportunity, but also to prove that the
Company also cares about the adoption
of environmentally-friendly technologies
to preserve the environment.
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Adira Finance is also aware that its business is still its products, there is also Adira Multi Dana Syariah
dominated by the automotive segment, therefore (AMANAH) which is a sharia fund financing
throughout 2023 the Company has continued solution that applies the Al bai wa Al Isti’jar contract
to expand its financing beyond the automotive to finance diverse productive and consumptive
industry towards non-automotive industry. needs.
Through its #diModalin campaign, Adira Finance
offers multipurpose financing for various needs DIGITAL INNOVATION
for its customers based on their life cycle, such as The digital transformation carried out by the
education, wedding, healthcare, home renovation, Company also continued in 2023 as a part of
business funding, and many others. Not only Adira’s digital innovation initiatives. Changing
aimed at existing customers, the campaign also consumer behavior post-pandemic era has
serves as a way to acquire entirely new customers, been accompanied by the rapid advancement
thereby expanding Adira Finance’s customer base. in information technology, especially in terms
the widespread adoption of artificial intelligence
As of December 2023, Adira Finance has 466 (AI). Through its digital platforms, Adira Finance
business networks spread throughout Indonesia, has provided an easier way for customers and
serving 2.0 million customers. Out of these, there prospective customers to access the Company’s
were 42 sharia branches and 52 sharia kiosks/ financing products online from anywhere and
satellites, which reflected the Company’s presence anytime. As a result, this has supported the
for consumers seeking sharia-based financing. In Company to retain its existing customers as well
2022, all of Adira Finance’s sharia branch offices as opening new paths to acquire new, more tech-
in Aceh have been rebranded in compliance to savvy customers and thus expand Adira’s customer
Aceh Qanum regulation number 11/2018. Among base.
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Among its digital platforms, Adiraku application The following are the flagship marketing activities
has also started to provide additional features of Adira Finance throughout 2023:
such as Banking as a Service – in collaboration • Indonesia International Motor Show (IIMS) 2023
with Bank Danamon – which is a payment for in Jakarta and Surabaya, as one of the main
installment feature with direct debit to the sponsors and participants of the event with
customer’s Tabungan Danamon account. In MUFG and Bank Danamon. The event further
addition, using the same Adiraku application, bolstered Adira Finance and Bank Danamon as
Adira has also provided micro insurance products reputable financal solution providers among
and extension of vehicle insurance and personal automotive consumers in Indonesia.
accident insurance in collaboration with Zurich • Collaboration with Bank Danamon, Zurich
Asuransi Indonesia. Asuransi Indonesia, and Asuransi Manulife in
providing non-financing financial products
The Company also uses Adiraku as a means such as Tabungan Danamon Adira, KPM Prima,
to deliver appreciation to its customers in the and several insurance products such as general
form of Adirapoin. According to the Company, insurance and life insurance which have been
Adirapoin program has been able to increase custom-tailored to meet the needs of Adira’s
customer retention by more than twofold customers.
compared to customers who do not participate • Adira Festival and Musikaria Concert in five
in the Adirapoin program. Throughout 2023, there big cities in Indonesia, involving several parties
were two programs tied to Adiraku available for within the Company’s ecosystem such as The
customers: the first was Harcilnas and the second Ministry of Tourism and Creative Economy,
was Adira Goes to MotoGP Mandalika. By the end the media, SMEs, dealers and merchants,
of December 2023, Adiraku application has been customers and local public. Throughout
downloaded for 5.1 million times with 1.4 million the event, there were automotive and non-
registered users. automotive multiproduct expos, SME expos,
CSR for schools, SOBAT Keliling event, AdiraFit
MARKETING STRATEGY IN 2023 funwalk & funbike activities, local culture
Marketing strategies in 2023 has revolved around festivals, recruitment of employees, and on top
the same customer-centric principle used as the of the event was music concert featuring top
core of Adira Finance’s business strategic direction. national artists.
In general, the Company’s marketing initiatives • Adira Goes to MotoGP 2023 which consisted
are aimed at strengthening the existing market of Adira Goes to MotoGP Mandalika and Adira
share and expanding it through various attractive Goes to MotoGP Sepang. At Adira Goes to
programs for both customers and dealers; MotoGP Mandalika, Adira brought 300 selected
expanding beyond the automotive financing by customers to the event while at Adira Goes
offering multipurpose and durables financing; to MotoGP Sepang there were 1,150 partner
improving operational efficiency to improve dealers, agents and merchants brought in by
competitive advantage; and continuing its digital Adira.
transformation process across Adira ecosystem. • Conducted the Loyal Customer Appreciation
Award for 50 selected customers. The awards
In implementing its marketing strategies, Adira were handed to the customers at the stages of
Finance has engaged in marketing collaboration, Konser Musikaria AdiraFest and Adira Goes to
participation in major events, continuing its MotoGP Mandalika.
#diModalin campaign and customer appreciation • Conducted direct selling through expo
programs and launching special financing activities, namely SOBAT Expo and Sobat
program for EV. All these are aimed at retaining Moving Exhibition in various cities across
existing customers and to acquire new customers. Indonesia, to market the Company’s products
by getting closer to the public and prospective
customers.
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• Improving the customers’ loyalty through the MARKETING EXPENSES
continuation of Adirapoin reward program Throughout 2023, Adira Finance spent IDR611.6
available on Adiraku mobile application. As a billion on marketing expenses, lower than IDR653.4
part of this program, Undian Harcilnas (Harinya billion in 2022. The lower spending of marketing
Cicilan Lunas) program offers a grand prize of was attributed to the better market awareness
full repayment to 33 winners and there were over Adira’s programs which had been already
consolation prizes of repayment of one month aggressively promoted in prior years, making it
installment payment for 330 other winners. less costly to promote.
• Launched a special program on financing for
electric vehicles to support sustainable finance MARKET SHARE
and to build Adira Finance’s positioning as a Despite the challenging economic and industry
dominant player in the financing of electric situations, Adira Finance has managed to maintain
vehicles. a dominant market share in the new car financing
• Adira Finance has continued its #diModalin segment at 5.0% while in the new motorcycles at
campaign program in 2023 as a means to 9.7% of total domestic sales in 2023. On the other
expand the business beyond the automotive hand, the Company’s managed receivables market
financing, particularly for positioning Adira share also remained strong at 8.4% in 2023 in the
Finance as a multipurpose financing provider financing industry, while in terms of total assets the
which covers a wider range of needs within Company’s total assets accounted for 5.6% of the
the consumer's life cycle such as education, financing industry’s assets. Consequently, Adira
marriage, healthcare, home renovation, Finance remains as one of the most influential
working capital and other financing needs. companies within the financing industry, as well as
having strong impacts on the national automotive
and financial industries.
Information regarding Adira Finance’s market share for the past three years is described below:
Description 2021 2022 2023
Assets Industry (IDR trillion) 433.1 487.9 552.9
Adira Finance (IDR trillion) 23.7 24.9 31.0
Market share to industry 5.5% 5.1% 5.6%
Financing Receivables including Industry (IDR trillion) 495.8 575.5 659.9
Joint-Financing Portion
Adira Finance (IDR trillion) 40.4 44.6 55.7
Market share to industry 8.2% 7.7% 8.4%
Sales of New Motorcycles Industry (unit) 5,058 5,221 6,237
Adira Finance (unit) 467 429 603
Market share to industry 9.2% 8.2% 9.7%
New Car Sales Industry (unit) 887 1,048 1,006
Adira Finance (unit) 35 42 50
Market share to industry 4.0% 4.0% 5.0%
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MARKETING TARGET, REALIZATION, AND PROJECTION
To implement its marketing strategy, Adira carried out marketing planning and control. Adira Finance’s
results in 2023 compared to their projected targets are presented on the following table along with the
Company’s projections for 2024:
Description Target 2023 Realization 2023 Projection 2024
Distribution of New Financing (IDR trillion) 38.0 41.6 10%-12%
Financing of New Motorcycles (IDR trillion) 12.7 15.7 8%-12%
Financing of New Cars (IDR trillion) 15.3 17.9 6%-10%
Market Share of New Motorcycles ±4.7% 5.0% ±5%
Market Share of New Cars ±9.0% 9.7% ±10%
STRATEGIC PLANS IN 2024 • Improving customer retention by offering
Going into 2024, Adira Finance has prepared loyalty and referral programs, while at the
several strategic plans to strengthen its position same time conducting cross-selling based on
within the financing industry, namely: customer needs with the collaboration with
• Strengthening and expanding market share Bank Danamon and Zurich Asuransi Indonesia;
in the automotive sector through product • Building a digital-based financing business to
diversification and attractive sales programs increase business efficiency and effectiveness,
for the customers; such as digitizing and automating business
• Collaborating with MUFG, Bank Danamon and processes as well as enhancing the Company’s
Zurich Asuransi Indonesia to solidify its position online presence through online platforms;
as a dominant financing group for automotive • Continuing the customer and dealer
ecosystem by becoming main sponsor of events appreciation programs with the purpose of
at national scale such as IIMS 2024, Jakarta Fair building the Company’s brand advocacy;
and other Adira’s expo activities such as SOBAT • Developing products and sustainable finance
expo throughout Indonesia; marketing programs, including financing for
• Continuing the expansion to non-automotive electric vehicle.
financing by developing multipurpose
financing and offering various financing for
durables, heavy equipment and productive
financing;
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In line with its strategic business direction
which centers on customer-centric
business operations, Adira Finance has
Operations leveraged the synergies from its digital
transformation across the Company. This
also applied to policies, procedures and
systems which directly and indirectly
impact the customers. By doing so, the
Company seeks to create better customer
experience, improve operational
efficiency, maintain cost leadership and
stay ahead of the competition in the
financing industry.
Adira Finance is strategically
strengthening its industry presence
through a robust governance strategy.
This is done to ensure internal stability,
and operational innovations fueled by
digital technology, which is expected to
enhance customer service excellence
and improve performance efficiency.
Through these initiatives, Adira Finance
further solidifies its presence and brand
awareness in the financing industry.
In its operations, Adira
Finance continues to BUSINESS OPERATION PROCESS
establish strong collaboration Embracing digital innovation, Adira
Finance has streamlined its business
and cooperation across operations by adopting digital
departments throughout technology. This strategic move has
unlocked new growth avenues, enabling
2023. Streamlined processes
faster connections with partners and
were the result from cross- consumers, ultimately expanding their
functional synergies, process customer base. The Company has
further optimized its operations by
digitalization and in line centralizing sales and distribution at
with the customer-centric specific branches, while streamlining
approach. This translates to other functions regionally. Furthermore,
internal automation initiatives have
better cost efficiency, faster boosted employee productivity, adding
service, and loyal customers, to the overall efficiency gains.
thereby improving the
Company’s overall business
performance.
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In 2023, Adira Finance has continued the 3. Third-Party Digital Platform Channels
innovations on payment facilities of its products To improve consumer financing transaction
and services-both online or offline – that customers services, especially in this digital era, and to
can take advantage of, such as: reach a broader range of consumers, Adira
Finance is adding to its financing network
1. Adiraku Mobile Application through collaboration with digital platforms.
Being the Company’s Super-App, Adiraku Therefore, Adira Finance synergizes with several
mobile application has continued to be digital platforms such as Danamon D-Bank
improved and further integrated with the Pro, HCI, Tokopedia, Grab, Ovo, Linkaja, Gojek,
Company’s other digital platforms such as Oto.com, Moladin, and other digital platforms.
the momobil platform for car, momotor for
motorcycle, also electronics and household 4. Bank Payment Network and Automated Teller
furniture financing platform. Machine (ATM)
Adira Finance works with several banks to
2. Adira’s Digital Platforms provide payment transaction services through
Adira Finance continues to develop the digital ATMs. Consumers can make payments through
platforms momobil.id, momotor.id, moservice. ATM networks and machines, one of which
id, dicicilaja.co.id, and others to make it easier is Bank Danamon ATM, which is one of the
for customers to do financing with Adira largest banks in Indonesia with a distribution
Finance. network of more than 863 branch offices and
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service outlets and is supported by 1,255 ATMs • Modernization of Core System: In 2023, this
and CDM (Cash Deposit Machines) with easy initiative centers around enhancing the
access. to ATMs in the ATM Bersama, ALTO, and acquisition process through improvement
Prima networks. and business process re-engineering;
• Roadmap implementation: Adira Finance
5. PT Pos Indonesia (Persero) has systematically implemented a roadmap
The company cooperates with the State- across various automation touchpoints
Owned Enterprise PT Pos Indonesia (Persero) within the acquisition process and credit
to serve online and offline consumers who the decision phases.
post office can reach. • Implementation of Single Source of Truth:
The Company has introduced the Golden
6. Franchise Retail Network Record system to consolidate customer
Adira Finance also collaborates with retail data. Going forward, this system holds the
franchise networks, including Indomaret, potential to significantly improve recurring
Alfamart, Alfamidi, and Dan+Dan. Consumers customer identification and simplifying the
can enjoy the convenience of paying processing of repeat transactions, as well
installments at the premise of a retail network as improving the customer’s contactability
spread across various locations, and installment rate.
receipts have been running online.
2. Expand and Diversify into Non-Automotive
7. Cash Deposit Machine Payment Network Business
Adira Finance tries to make it easy for In light of vast business opportunities to
consumers to update data, such as telephone develop beyond the non-automotive business,
numbers, addresses, statuses and so on. The Adira Finance has implemented several
data updating process can be assisted by Adira initiatives such as:
Finance officers, Adira Finance branches and • Multi-Purpose Financing Strategy: Adira
also self-service through Adiraku. Finance has devised a comprehensive
strategy aimed at developing versatile
8. Assessment of Consumer Capacity Estimates financing solutions. This strategic roadmap
Adira Finance tries to appreciate consumers is set to be implemented through the year
by providing an estimate of credit limit/ceiling 2025, demonstrating a commitment to
capacity to consumers so that consumers can diversification and adaptability in meeting
estimate the financing that will be submitted evolving customer demands.
and it is hoped that the process will be faster. • Enhanced Processing Capabilities for Heavy
Equipment Segment: Adira Finance is
STRATEGIC INITIATIVES IN 2023 actively cultivating new capabilities. This
Adira Finance has five business strategic themes involves employing advanced technology
for 2023 – 2025, so all initiatives and strategic and system enhancements to ensure
projects conducted in 2023 were all synchronized the stability and efficiency of transaction
with these five themes. These five themes are: processes within this new business
segment.
1. Regaining Market Share in Automotive
Business 3. Improve Customer Retention
To support the growth of its automotive Adira Finance also aims at focusing on
business post-COVID-19 pandemic, Adira customer’s convenience and increasing
Finance has carried out several initiatives such the retention rate from recurring customer
as: transactions. Therefore, to achieve this goal
the Company has undertaken the following
initiatives:
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• CRM System Stabilization: Customer 5. Digitalization Across Adira
Relationship Management (CRM) system is Adira Finance’s fifth strategy is aimed to
designed to enhance the performance of remain competitive within a dynamic business
Relationship Officers to effectively manage landscape, in which the Company competes
and nurture customer relationships with a with fintech companies amidst technological
focus on long-term retention. disruption. Prioritizing easier and faster
• Utilizing Artificial Intelligence (AI) and processes, especially for digital-savy customers,
Machine Learning (ML) for Customer Data the Company’s initiatives include:
Management: Employing cutting-edge • Digital Business Development Strategy:
technologies such as AI and ML, Adira Adira Finance’s strategy to cultivate its
Finance is revolutionizing the management digital business is slated for implementation
of customer data. These advanced in 2024. This forward-looking approach
technologies enable the forecasting underscores the Company’s commitment
of upsell and cross-sell opportunities, to harnessing the power of digital
providing valuable insights that contribute technologies to meet evolving customer
to a more personalized and targeted expectations and industry trends.
approach in customer engagement. • IT Development Vision and Strategy:
• Data-Driven Customer Outreach: Based Recognizing the pivotal role of Information
on the data generated by AI and ML, Adira Technology (IT) in business support,
Finance is equipping relationship officers Adira Finance has outlined a vision and
and telesales teams with the means to strategy for IT development. This initiative
proactively reach out to customers. This is designed to maximize the impact of IT,
data-driven approach allows the Company ensuring that it serves as a robust backbone
to offer relevant products and services to for the Company’s operations and future
customers with better precision, thereby growth.
strengthening the bond between Adira • Data Development and Management
Finance and its customers. Strategy: This strategic focus underscores
the importance of leveraging data assets
4. Improve Operating Efficiency for Cost to enhance operational efficiency and
Leadership strategic decision-making in the digital era.
In addition to business development, Adira
Finance is strongly committed to achieving HEALTH PROTOCOL INITIATIVES
cost leadership through a proactive approach As the COVID-19 situation in 2023 has been under
to business process optimization. This control, the COVID-19 pandemic status has been
involves continual efforts for upgrades and changed to endemic. As a result, regulations
simplifications in our operational frameworks, regarding mobility restriction have been revoked.
achievable through both the streamlining of
procedures and policies, as well as the strategic In terms of the Company’s business operations,
integration of cutting-edge technologies. currently the work system has been switched
This dual-pronged strategy not only ensures back to 100% work from office (WFO) system, but
operational efficiency but may also position remains open on using work from home (WFH)
Adira Finance as a cost-effective leader in the system if needed. The availability of supporting
financial landscape. technology such as online meeting has also enable
the Company to implement hybrid work system,
particularly for time efficiency.
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For its services to the customers, Adira Finance • Improving collaboration with institutions
remains committed to simplify and speed up within Bank Danamon and MUFG to
the processes without the need of direct face- strengthen the business ecosystem, as well
to-face interaction between the customer and as improving the acquisition potentials,
the Company’s representative. Credit application cross-selling, and customer relationships.
process can be done online using Adiraku, • Continuing the roadmap implementation
momotor.id, momobil.id and others. The cash at several automation points within the
disbursement can be directly transferred to the acquisition and credit decision processes.
customer’s bank account and the instalment • Continuing the implementation of Single
payment process can be done online or offline Source of Truth for customer data in the form
through payment facility channels such as Adiraku, of Golden Record, to improve identification
Bank Danamon ATM and autodebit feature, of recurring customers and simplifying
Post Offices, Alfamart, Indomaret and digital recurring transaction process, and to raise
applications such as Tokopedia, Gojek, and others the customer contactability rate.
without having to visit Adira Finance’s branch.
2. Expand and Diversify Non-Automotive
BUSINESS NETWORK AND DISTRIBUTION Business
OF ACTIVE CONTRACTS Implementing the strategy of developing non-
As of the end of December 2023, Adira Finance automotive segments such as multipurpose
has operated a total of 466 business networks financing, durables and heavy equipment
consisting of 221 branch offices (including 42 financing.
Sharia branches) and 245 kiosks and satellites
throughout Indonesia, serving some 2.0 million 3. Improve Customer Retention
active customers with total managed receivables • Optimizing the customer retention program
of IDR55.7 trillion. Adira Finance recorded IDR41.6 through expanding the pilot program to
trillion in new financing, representing a 31.2% nationwide implementation.
(yoy) increase from IDR31.7 trillion in 2022. All • Customer Data Management using Artificial
financing segments have increased, particularly Intelligence (AI) and Machine Learning (ML)
the motorcycle segment which increased by 38.7% to forecast the customer behaviour and
(yoy), followed by non-automotive segments upselling and cross selling potentials.
(multipurpose, durables, and others) by 29.1% (yoy) • Based on the data generated by AI and ML,
and car by 26.2% (yoy). This increase reflects the Adira Finance is equipping relationship
continued economic growth during 2023 and the officers and telesales teams with the means
successful implementation of various marketing to proactively reach out to customers.
programs undertaken by Adira Finance to boost
new financing. 4. Improve Operating Efficiency (Cost
Leadership)
STRATEGIC INITIATIVES FOR 2024 Continuing the upgrades and simplifications
For 2024, the strategic initiatives at Adira Finance of business processes which are achievable
will be carried out in line with the five business through both the streamlining of procedures
strategies which have already mentioned earlier, and policies as well as the strategic integration
namely: of cutting-edge technologies.
1. Regain Market Share in Auto Business 5. Digitalization Across Adira
• Modernization of core system on acquisition • Implementing the digital business
process, management, collection development strategy to meet evolving
maintenance, with several upgrades and customer expectations and industry trends.
process simplification through business
process re-engineering.
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• Implementing the IT development vision and strategy to maximize the role of IT in supporting the
business; and
• Implementing the data development and management strategy enhance operational efficiency
and strategic decision-making in the digital era.
The Company is also to continue the implementation of the New Branch Model which is an organization
structure that is not only focused on the selling method, but also on how to forge a good relationship
between Adira and the customers by better understanding of the customers. On the other hand, the
implementation of Business Process Re-engineering also continues by adopting some sophisticated
technologies such as artificial intelligence, machine learning, robotic process automation, microservices
architecture, customer relationship management, intelligent document processing, chatbot, cyber
security, digital end-to-end process and others.
Business Network
KC (Branch KCUS (Sharia KSKC US (Others KSKC (Others
Area Total
Office) Branch Office) Sharia Office) Office)
Jabodetabek 38 6 4 48
West Java 20 4 3 17 44
Central Java 19 4 3 18 44
East Java 23 5 6 17 51
North Sumatra 14 5 15 31 65
South Sumatra 17 4 10 32 63
Kalimantan 17 2 1 24 44
Sulawesi 21 10 13 39 83
Bali & Nusa Tenggara 10 2 1 11 24
Total 179 42 52 193 466
Distribution Of Active Contracts
Product
Area Cars Motorcycles Non Automotive Total
Jabotabek 54,627 361,320 116,327 532,274
West Java 18,138 128,483 58,321 204,942
East Java 12,522 134,780 49,767 197,069
Central Java 7,501 160,190 55,549 223,240
Bali & Nusa Tenggara 12,113 62,596 18,807 93,516
South Sumatra 26,721 101,530 35,487 163,738
North Sumatra 32,783 129,411 58,628 220,822
Sulawesi 55,061 89,360 56,597 201,018
Kalimantan 12,008 110,708 26,799 149,515
Total 231,474 1,278,378 476,282 1,986,134
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Adira Finance implements various
strategic initiatives in Human Resources
(HR) to support its business growth,
Human Resources such as adopting an HR management
framework to enhance performance and
improve customer services. Company
continually works to strengthen and
improve its HR management and
information systems, performance
management, recruitment system,
compensation and benefits, career
development, and employee competency
through ongoing education and training
programs.
STRATEGY, FOCUS AND POLICIES
IN 2023 [GRI 3-3]
The Company’s HR strategies and
management were aimed at the
current and the anticipated business
development needs and challenges. Adira
Finance ensures that the Company’s
HR have competence, expertise,
commitment and are responsive
to change, while still behaving in
Adira Finance leverages accordance with the Company’s culture.
the synergy between HR In 2023, the HR division focused on how
department and other to leverage the the implementation
of the Company’s strategic initiatives,
functions to boost business such as strengthening the organization
growth by implementing and competency to increase market
share in the automotive portfolio;
effective HR management
increasing sales in the non-automotive
frameworks. The Company portfolio; improving the mindset and the
cultivates a workforce customer-centric skill as well as customer
retention rate; optimizing productivity;
equipped with the right skills, and strenghtening the digital capability.
dedication, and values aligned
with its customer-centric 1. Strengthening the Organization
The Company strengthens the
culture. This translates into organization especially in information
consistently excellent service technology organization, organization
for customers. of digital business, credit and risk, and
several other functions to support
the implementation of its business
strategies.
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2. Productivity Improvement Changing the incentive scheme is also done for
Initiatives to increase productivity are carried improving productivity by reviewing the more
out through various programs, including the competitive medical benefit schemes and
adjustment of productivity and allocation of providing incentive boosters. The employee
manpower calculations with consideration of productivity treatment is done by the IMPK
business achievements, business potentials scheme development which puts more
and specific regional characteristics. Also, emphasis on productivity and potentials by
refreshment training programs are also considering location and portfolio to enforce a
periodically conducted for upskilling process more effective reward and punishment.
and optimizing of technical skills.
3. Human Resources development through an
Furthermore, the increase in productivity from improved learning ecosystem
the perspective of recruitment process is done In line with the shift from COVID-19 pandemic
by conducting acceleration of recruitment to endemic, the option for offline learning
SLS on several positions supported with the has been made available again. The learning
increase in the ratio to candidates. This is also methods have become more varied according
equipped with the increasing quality of the to the needs and contexts of the learning
candidates through: enhancement interview objective: online, offline or blended. The
tools using AI technology, additional tools for empowerment and the improvement of
testing the compatibility between interest and Faculty Member of Adira (FMA) has become
talent using system, conducting interview skill one of the focus agenda in improving the
on refreshment training to all users as well as learning ecosystem, particularly with the use
adding sourcing channels both by online and of decentralized learning strategy (regional
offline. training), which is a localized learning program.
In addition, Digilearn contents have been
continuously enriched as an informal method
of learning.
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4. Cultivating relationships between employees support activities in the post-pandemic period.
The year 2023 marked the end of COVID-19 This is done so that the Company can continue to
pandemic and fully restored offline activities adapt and innovate amidst all ongoing changes,
such as business trips, morning prayer and and thus creating new innovations in the midst of
sharing activities, face-to-face events and other challenging economic and industry conditions.
employee activities which promote the spirit of
‘One Adira One’. A. First Focus: Technology Transformation
Responding to the challenges of the changing
The strengthening of employee relations is also millennial era and digitalization and in line
marked by employee involvements in many with the ongoing business transformation,
Company activities, namely: Adira Festival, Adira Finance has developed infrastructure for
Adira Idol, Advaganza, Midyear and Kick-off a digital-based Human Resource Information
Meeting as well as Adira Anniversary. System (HRIS). The infrastructure that the
Company developed in 2023 included:
5. Culture Development which Supports
Business Initiatives, Innovation and 1. Employee Apps – Super App
Employee Productivity Smile Apps is a mobile-based application
Various culture development activities which can be downloaded by employees
undertaken in 2023 were aimed at at the Apps Store and Playstore. This
empowering of Adira Top values (Advance, application combines all necessary
Integrity, Obsessed and Professional) based applications need by the employees since
on the OCHI survey, the development of Agile they started as candidates until they resign
culture to support ongoing transformation from the Company through a single portal
projects, digital culture and Adira Happiness system or Single Sign-On (SSO). In 2023, the
Program (AHA), as well as culture of innovation. Smile Apps has entered its second phase
marked by the UI/UX development activities
6. Improvement of Digital Capability and continuous live update.
The improvement of digital capability at Adira
Finance is done through various programs 2. Amazone – Virtual Collaboration
such as IT transformation, the School of Digital To fulfill the spirit of collaboration among
program with certifications regarding IT & companies with the MUFG Group, Adira
digital skills. Specifically for HR, other than Finance has developed and implemented
continuing the development of HR super apps Amazone, an interactive platform for
(SMILE apps), other initiatives undertaken by emloyees within the MUFG Group (Adira,
the Company was the implementation of SAP Danamon and MUFG), enabling them to
Analytic Cloud (SAC) to generate HR dashboard interact and purchase flagship products
used in decision making by internal HR division from one to another with special rates.
as well as by the Company in general.
3. HR Dashboard
7. Improving the role of Change Management To support the business in decision making,
This initiative is done by improving the HR division has also developed the HR
the supervision of the implementation Dashboard which enables its user to access
of transformation projects and the and gain insights from HR data.
implementation of policies regarding mindset
change, work pattern and employee behaviour. 4. Integration of Payroll System to the Bank
To improve the security and accuracy in the
Furthermore, Adira Finance also focuses payroll process, the Company has developed
on technology transformation, cultural HR system integration to the bank. Through
transformation, and the acceleration of business inter-system integration, the security can
be increased and the frequency of human
errors in payroll payments can be reduced.
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5. Digital Signature B. Second Focus: Cultural Transformation
All automated and paperless processes as The second focus is related to the Company’s
well as document approval are carried out culture. Adira Finance has been actively
with digital signatures so as to accelerate conducting activities and efforts to empower
the process of document approval (SLA), the Company’s culture thematically each
such as in transactions for submitting labor year. In 2023, the theme of the culture
requests, submitting employee status empowerment was “AIOP: Advance, Integrity,
changes, submitting employee promotion Obsessed & Professional.” The Company also
processes, and others. welcome the culture of Sustainability Finance
in compliance to POJK and started its Health
6. HC Inventory System Safety Environment (HSE) initiative.
This is an inventory system for routine
consumables and non-capital goods such On Advanced & Integrity, there was a score
as office stationery, office printed goods, improvement based on the OCHI 2023 survey
promotional items, customer gift items compared to 2022, hence the Company was
and so on. The system makes it easier for focusing on strengthening these values.
the HCGA Division and users in the process Advanced & Integrity are key values in improving
of submitting goods, monitoring stock productivity at Adira Finance, especially in
availability, storage management in the preparing for changes in economic conditions
warehouse, to control and report on the use in the post-pandemic era as well as the trend in
of goods. business process digitalization.
7. Development of Robotic Process Obsessed could be defined as winning
Automation (RPA) mentality, which is one of the values contained
RPA is developed with the aim of improving within the cultural system at Adira Finance.
the quality and work standards of employees. It has a vital role in the Company’s business
With RPA, work that is operational and practice from the lowest level up to the top.
repetitive on a large scale can be done The importance of the implementation of
automatically so that it is precise and fast. this principle needs to be disseminated to all
This helps employees to focus more on employees to ensure militant mindset, winning
developmental work. The development of mentality as well as integrated way of thinking
RPA in 2023 focused on expanding the RPA on all of employees’ daily business activities.
scheme in previous year when RPA had
started the automation of HR activities with Professional is also highly important for
businesses such RPA Collection Report, RPA employees to maintain their confidence and
Invoice OB Security, RPA SSD Point and RPA to remain customer-centric. Customer-centric
Budgeting Report. is the focus of Adira Finance and the key
value of the Company’s culture. Therefore, the
8. Creating Virtual Job Fair Application professional culture requires an upgrade so that
Fulfilling the hopes of millenial candidates business improvement can be carried out at all
for fast and easy recruitment process which of the stages, from the staff to management
is also available online, the Company has levels.
created an application called Virtual Job Fair
which can be accessed by any candidates In order to maintain collaboration among
from anywhere for 24 hours. This application employees and to maintain the spirit of
supports online and realtime recruitment togetherness in facing difficult times, The
starting from the initial stage until the Company continued to carry out various
hiring stage. activities and programs which have reverted
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back to pre-pandemic period. Some of the C. Third Focus: The Acceleration Of Business
activities carried out include the following: Support Activities In The Post-Pandemic
Period
1. Sport Advaganza In the beginning of 2023, the Government had
Sport Advaganza has been reinstated declared that the pandemic had transitioned
nationwide starting from the regionals into endemic which led to regulations
to the head office. Advaganza features regarding mobility restriction being revoked.
various sports as a means to showcase the
employees’ talents in sports. This program is Consequently, the business operations at Adira
expected to boost employees’ productivity Finance have returned to normal-from the
going forward. work from home (WFH) system to 100% work
from office (WFO). The Company remains open
2. Adira Got Talent however, in using a hybrid work system which
Adira Got Talent has been reinstated as well combines WFH and WFO systems, if deemed
to become a venue for employees’ talents necessary.
and potentials in arts starting from singing,
dancing, individually and in group, to other As the pandemic era triggered the rise of online
art talents as well, namely stand-up comedy, tools to accommodate the WFH system, most
beatbox and others. of these tools are still used to complement
the business operations at the Company,
3. Carbon Offset both for interactions among employees and
Carbon Offset as a part of sustainability between the Company and its customers.
finance where the Company collaborates In addition to the impacts from ongoing
with certified partners to measure and digital transformation at Adira Finance, these
conduct treatments on carbon emissions have resulted in improved effectiveness and
generated by the Company’s activities. This efficiency.
activity also supports the Company’s aim
to improve efficiency in terms of operating Adiraku mobile application for example, has
expenses. become the Company’s flagship application
as it has become a digital branch which is
4. Adirafest accessible by the customers – both existing and
Adirafest which was previously known as prospective – from anywhere, and at anytime
Local Creation Festival (FKL) is an activity 24-hour a day. Through this application alone,
covered by national media involving the the customers can apply for credit, view the
Company’s employees, the public and credit approval process, check and pay for
communities. The event’s activities consist credit installment and also interact with the
of Funbike, Adirafit, Cultural Parade and Company’s customer service staff. All these can
Musikaria. be done without having the customer visit any
physical branch.
5. Integrity Program – Prevention and
Mitigation EMPLOYEE HEADCOUNT IN 2023
Integrity program which includes As of December 31, 2023, the number of Adira
prevention and mitigation are done Finance employees reached around 17,243
through various integrity strengthening employees, in line with operational business needs
programs such as Audit Lifestyle, employee both in terms of quantity and quality. Comparative
SLIK checking, block leave, whistle-blower tables of employee information, including the
program and EVP and Company’s values number of employees for each organizational
enhancement programs. level, education level, and employment status, are
presented in the Company Profile section.
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RECRUITMENT & CAREER DEVELOPMENT • Internship Program 3+1 with one of the leading
[SEOJK F.22][GRI 401-1][GRI 404-2] universities in Indonesia;
Adira Finance uses strict criteria to select the best • Position filling through outsourcing vendors.
candidates for open positions, ensuring fairness
and impartiality in the recruitment process The Company is responsible for helping each
to achieve the company’s goals and provide employee with career development and career
opportunities for its workforce. The Company does path in accordance with the respective employee’s
not tolerate the use of underage or forced labour capacity and capability. For this reason, every year
and in 2023. Recruitment focused on finding the Adira Finance Corporate University carries out
candidates who could support the company’s a Talent Identification process and Talent Mapping
digital innovation needs and align with its strategic for all leaders, and IDP for employees with specific
policies. criteria. This process is carried out so that the
Company has an Employee Talent Map, Bench
The recruitment process is carried out selectively Strength Program, and Succession Planning
to support the positions and functions required by Program.
the business. This includes:
• Recruitment for cadre development, This was done to ensure that the Company
particularly for positions such as general always has talents available in the event of a job
management trainee (MT) for general positions, rotation, job promotion, employee resignation
digital MT, business analyst MT, sales MT and or retirement. From the employee’s perspective,
collection MT; this is done to ensure that employees receive the
• Selective recruitment at certain points and appropriate development programs and career
locations to support organizational and path while working at the Company.
business developments namely recruitments
for Digital Business Team, IT Team, Collection Another thing done by the Company in 2023 was
Team, Sales Team, Operation Support Team, the preparation of a specialist-generalist system,
and Business Analyst; to enable employees with certain functions to
• Acceleration of recruitment through processing obtain a more accurate and appropriate career
at online portal to ensure better control in path development.
terms of process and SLS duration;
• Conducting Adira Finance’s Virtual Job Fair As of December 2023, Adira Finance recruited 1,698
where candidates can participate in the new employees. Based on education level, 77%
recruitment process from browsing posted job have a Bachelor’s level education, 13% Diploma
vacancies up to the online hiring stage. This is level, and the remaining 10% are postgraduate,
open for 24 hours and can be done remotely high school and junior high schools. Based on age,
from anywhere; the average employee recruited by the Company
• Development of new recruitment pattern is at a productive level, with 35% at the 18-25-year
strategy through freelancer; age, 60% at the 26-35-year age, and the remaining
• Providing empowerment for all employees to 5% at the 36-55-year age.
participate in Referral Program where they can
provide candidates references;
Description 2021 2022 2023
[GRI 404-1] Male Female Total Male Female Total Male Female Total
New Employee 2,153 345 2,498 1,605 441 2,046 1,278 420 1,698
Leaving Employee 1,558 271 1,829 1,539 299 1,838 1,515 241 1,756
Description 2021 2022 2023
[GRI 404-1] <30 30-50 >50 Total <30 30-50 >50 Total <30 30-50 >50 Total
New Employee 1,557 940 1 2,498 1,366 679 1 2,046 1,177 519 2 1,698
Leaving Employee 573 1,237 19 1,829 638 1,174 26 1,838 620 1,099 37 1,756
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Description 2021 2022 2023
[GRI 404-1] Region 1 Region 2 Region 3 Total Region 1 Region 2 Region 3 Total Region 1 Region 2 Region 3 Total
New 501 1,513 484 2,498 243 1,461 342 2,046 254 1,146 298 1,698
Employee
Leaving 449 1,037 343 1,829 374 1,140 324 1,838 343 1,116 297 1,756
Employee
Description:
Region 1 : Sumatra 1, Sumatra 2
Region 2 : Jabodetabek, West Java, Central Java, East Java
Region 3 : Kalimantan, Bali & Nusa Tenggara, Sulawesi, Maluku, Papua
JOB EQUALITY AND OPPORTUNITY Adira Finance’s HR development aims to improve
[SEOJK F.18][SEOJK F.19] employee competence according to the demands
Adira Finance is committed to providing the widest of their respective functions, and in support of
possible opportunities for the best candidates to business transformation programs by organizing
join and have a career in the Company. The programs to increase employee knowledge and
principles of job equality and employment skills to enable a smoothly running business
opportunity are applied to the entire HR transformation. Continuous initiatives are also
management process, from the recruitment carried out in training for leaders and prospective
process, job promotion, human resource leaders to maintain the continuity of the Company,
development, to personnel assignment, from the lowest to the highest ranks, through
performance evaluation, and the practice of management trainee programs and development
providing compensation. programs according to employee position level.
Adira Finance provides equal rights and In 2023, as conditions have improved post-
opportunities for everyone to join and build COVID-19 pandemic, offline training methods have
a career regardless of differences in religion, been reinstated at normal intensity. Thus, there
ethnicity, race, social status, skin color, gender, and are varied methods of training to choose from:
other individual characteristics, including those offline, online, or hybrid according to the required
with disabilities, in line with applicable regulations, effectiveness and efficiency of the training
both internally and externally. program.
In career development, Adira Finance does not The competency development program in
discriminate for any reason because it bases its Adira Finance is aimed at upgrading the current
decisions on the results of selection and evaluation competency to meet the current needs and the
of competencies. Each employee is evaluated future needs and started as soon as the new
based on the potential, ability and expertise of the employee joins the Company. Unlike in previous
respective individual. Every employee is also given years, currently the program can be done online
the same opportunity to contribute in order to by using application and onsite at the employee’s
improve the Company’s performance. In addition, work location, as well as offline at some points
outsourced employees are also given the chance in the region. This is done to strengthen the
to develop their careers at Adira Finance. competency right from the start and accelerate
the learning curve.
COMPETENCY DEVELOPMENT AND
TRAINING [SEOJK F.22][GRI 404-2] In addition to the regular refresher programs, this
The Company’s strategies and policies with year a competency levelling program through
regard to human resources are in line with certification programs for certain positions
Financial Services Authority (OJK) Regulation has been started. This is done to obtain a more
No.47/POJK.05/2020 concerning Business and complete picture of the competency mapping
Institutional Licensing of Financing Companies concerned and ultimately be able to determine a
and Sharia Financing Companies. In one of its development program that is more in line with the
articles, the regulation mandates a policy to needs and expected competency standardization.
develop the ability and knowledge of the workforce
in financing companies.
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Leader development also continued to be the Specifically, to improve its digital capabilities, the
focus at Adira Finance, particularly leaders for Adira Corporate University created the School of
the future. Other than development for leaders Digital in 2022 as a form of strategy to accelerate the
coming from internal promotion, in 2023 also improvement of digital competencies, including
saw management trainee program for business those related to digital business, technical skills,
analytics and collection function. Moreover, the and digital literacy.
Talent Pool program was also among the initiatives
aimed at Leader development at Adira Finance. Adira Corporate University also functions as a
means to ensure that all employees have equal
In addition, to support productivity and a good opportunities to achieve the highest position
work climate for frontliner functions, this year the level based on their performance and potential
empowering coaching training program has been capabilities through Talent Supply Management
reinstated with a more specific target, namely which is within the Corporate University
sales coaching. organization. Since 2023, through the Talent
Supply Management, Adira Corporate University
As a part of change management, training also ensures the availability of bench strength
programs were also held to prepare employees’ for succession planning, especially for replacing
capabilities in the implementation of transformation retired employees and promoted employees in the
projects such as business process re-engineering short-term for the next three years.
(BPR), customer relationship management as well
as strengthening multifinance financing portfolio. Furthermore, Adira Corporate University
collaborates with the Government by conducting
Adira Finance, being under the supervision of financial literacy programs for the general
Financial Services Authority, also ensures its public. In 2023, they held webinars and trained
compliance to the regulations related to financing Faculty Member Administrators (FMAs) through
certification and other modules as mandated in comprehensive Train-the-Trainer (TTT) programs
POJK. Adira Finance has also cultivated the culture across all regions. These trained FMAs will act
of innovation consistently by implementing as financial literacy speakers for the public in
innovation programs such as innolimit, which is a implementing the Government’s program in 2024.
competition for innovation and innobox, which is Adira Corporate University also donated books
an input box for innovation and improvement. on financial literacy to schools located in the 3T
regions (underdeveloped, frontier, and outermost
Adira Corporate University regions) within their operating areas. [FS16]
Established in 2015, Adira Corporate University
is one of the Company’s strategies in ensuring In terms of organization, the Adira Corporate
the provision and development of talents in University has strengthened its digital business
a sustainable and target manner, as well as organization in line with the planned development
ensuring the effective and efficient management as well as IT, risk and credit in support of the
of organization and human resources. Company’s strategy going forward.
Within the process of developing necessary In 2024, Adira Corporate University will stay
competencies, both upskilling and reskilling, Adira focused on leveraging the implementation
Corporate University is focused on the development of the Company’s strategic initiatives, such
of the Learning Ecosystem through the Faculty as strengthening the organization and the
Member of Adira (FMA) pillar, the Digital Learning competency to increase the market share of
pillar (which provides various learning channels its automotive portfolio; improving sales in the
tailored to the individual’s learning style), and the non-automotive portfolio; improving mindset
Learning Culture. and customer-centric skill and retention rate;
optimizing productivity and also strengthening
digital capability.
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Adira Corporate University also contributed in In 2023, Adira Corporate University also started to
raising the ESG awareness both for employees and play a role in socialization and training regarding
communities. carbon offset which was proposed by the Human
Capital Directorate.
Awareness to climate change, sustainable
development goals and sustainable finance are CSR activities are also carried out by Adira
promoted through employee training as a part of Corporate University, namely by providing
sustainable finance action plan. educational scholarships and providing
computers for digital libraries in several points in
Indonesia.
Number of Participants and Level of Position*
Type of
Training Objective Senior Middle Junior & Non
Training
Management Management Management
Qualification Prepare the competency of a position holder according - 557 4,076
to a certain rank level
Mandatory Provide the required insights and knowledge for 70 1,586 67,260
employees in order to carry out their duties and
responsibilities properly, as well as ensuring business
continuity through good corporate governance and risk
mitigation
Functional Improve employee competency in accordance with the 40 1,976 36,016
job functions
Transformation Preparing employee competencies in carrying out the 2 302 3,184
Company transformation program
Additional Optimizing employee’s potential, enabling them to 287 3,444 48,184
become more effective as individuals and as employees
Average Training Hours Per Year Per Employee [SEOJK F.22][GRI 404-1]
Description Headcount Number of Training Hours Average Training Hours
Gender
Male 122,382 558,579 4.564226275
Female 26,309 167,133 6.352678931
Employment Status
Permanent 131,494 598,926 4.554778849
Non-Permanent 17,197 126,786 7.372546374
COMPETENCE DEVELOPMENT INVESTMENTS [GRI 404-3]
As of December 2023, Adira Finance had organized a total of 353 employee training and development
programs, consisting of competency improvement programs, transformation training programs,
compliance programs, knowledge management events, and external training programs.
These training activities were attended by 175,264 participants. The Company’s total investment in HR
development amounted to IDR80.2 billion in December, rose by 19.3% yoy from IDR64.7 billion in 2022.
This increase was due to the addition of several employee education and training programs to support
business operations in accordance with organizational needs.
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CODE OF CONDUCT The corporate values at Adira Finance are known
The Code of Conduct serves as a benchmark for as the ADIRATOP (Advance, Discipline, Integrity,
ethical values and norms that refer to the vision, Reliable, Accountable, Teamwork, Obsessed, and
mission and cultural values of the Company, Professional) Principles and Behaviour.
which guide the behavior of all Management and
Employees of PT Adira Dinamika Multi Finance Tbk. Adira Finance implements various employee
in doing their daily work and nurture relationships engagement programs in the effort to maintain
with the customers, work colleagues, as well as quality human resources, by applying the following
third parties. This code of conduct also becomes principles:
the principal basis for implementing the ABC • Create a work environment that is conducive to
policy (Anti-Bribery & Corruption) in the Company. growth.
• Provide recognition to employees according to
The contents of the Adira Finance Code of their achievements and contributions.
Conduct serve as guidelines for behavior for all • Evaluate employee performance objectively
management and employees in carrying out and periodically.
their daily duties related to work ethics in serving • Implement a competitive compensation and
customers, relationships with colleagues and benefit system.
third parties, with conflicts of interest, managing • Support the presence of communities within
and maintaining the confidentiality of Company the Company, such as sports, spirituality, and
information, anti-money laundering and terrorism others that can build a spirit of togetherness,
financing. sportsmanship and increase overall employee
productivity.
To ensure that all stakeholders comply to the
Company’s Code of Ethics, several efforts have As part of the implementation of the Company’s
been taken by Adira Finance, namely: corporate culture and to increase employee
• Conducting socialization and education to productivity and welfare, Adira Finance organizes
all employees and management about this several activities to apply the Company’s values
Code of Ethics through the distribution of the in order to maintain and build harmonious
Company Regulation Handbook and Code of relationships in the work environment with
Ethics; employee representatives.
• Opening channel or access for reporting to all
employees to report violations of the Code of Adira instills the company’s customer-centric
Ethics such as through the whistle blowing culture and understanding to employees through
system (WBS) mechanism as well as reporting the following methods:
to superiors and competent departments such • Projects involved in the development of
as HR, anti-fraud management, and others. products, applications, and regulations that
• All regulations such as internal memo and are considered customer-centric to provide
temporarily internal memo must refer to and convenience and create a comfortable working
must not conflict with the Code of Ethics. environment (happiness) for all users, both
• Learning the Code of Conduct through the use internal customers (employees) and external
of digilearn. customers (customers, dealers, and all other
stakeholders);
CORPORATE CULTURE
The corporate cultural values serve as guidelines
for the daily actions and behavior of Management
and Employees in carrying out their duties and
obligations in order to achieve the Company’s
objectives, vision, and mission.
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• Socialization of regulations, training, To further improve and speed up the internalization
organizational change in order to provide process of this program, Adira Finance has also
understanding, changes in employee mindset developed the HR Superapps, of which in 2023 has
and habits accompanied by the application of more developed features.
customer-centric principles for both internal
and external customers; One of the newly launched programs is the
• Happiness program competition with one of Employee Assistance Program named “Gardira
the themes being happy customers, where the Plong” (Pojok Healing), which partners with
ideas come from the employees themselves professional counselors. This program is intended
based on the characteristics and needs of for maintaining the mental health of Adira
customers in each location. employees so that they can become optimally-
functioned individuals.
In the context of ESG, the implementation of
ADIRATOP values also directly supports the INDUSTRIAL RELATIONS
implementation of sustainability finance, where Adira Finance is committed to building and
Adira’s focus in Sustainability Finance is on maintaining industrial relations as a system of
Responsible Workplace Management and CSR healthy and constructive working relationships
Sustainability Finance. Programs in Responsible between employees and the Company, to ensure
Workplace Management require ADIRATOP the realization and fulfilment of the protection of
behavior in their implementation, such as water the interests, rights and obligations of all parties in
and electricity conservation, the use of recycled accordance with applicable laws and regulations.
paper and bringing your own utensils, waste bank Adira Finance also ensures that all of the Company’s
management, safety riding, and emission testing. activities through the HC Management Directorate
comply with applicable labor laws and regulations,
Similarly, the implementation of CSR Sustainability in order to reduce potential for violations of human
Finance, which includes tree planting for the rights and industrial relations issues.
environment around the office to CSR electric
motorcycles, requires ADIRATOP behavior from The Company’s ultimate goal of regulating
employees in its implementation. industrial relations is to increase employee
productivity and welfare. Therefore, Adira
ADIRA HAPPINESS PROGRAM Finance positions employees and employee
The Adira Happiness (AHA) program was first representatives as strategic partners in building
initiated by the HR department in 2019, with the and maintaining harmonious industrial relations
aim of making Adira Finance into a so-called in the work environment through regular and
Happy Organization. It is hoped that this will continuous communication.
eventually result in Happy Customers, as one of the
requirements of a Customer Centric Organization. On a quarterly basis, the Company holds the
Employee Engagement Gathering (EEG) which
In 2023, the focus of the AHA Program was the brought together supervisors from all work units to
wellbeing and productivity (happily productive). strengthen teamwork and foster communication
The activities done on AHA wellbeing are among key employees. GEMBA (Gerakan
strengthening the self-mentality, strengthening Manajemen Turun Kebawah) program also provide
the family relationships, strengthening of similar discussion forum and socialization over all
financials and health. These activities are done recommendations, hopes, and complaints from
through webinars, fun learnings, and happiness the employees to the top management.
program competition with one of the themes
being happily productive. The active role of AHA
Bosque (AHA change agent) is also important in
the dissemination of AHA program to all of Adira
Finance employees.
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Periodically, Adira Finance holds formal and • Formulating an action plan based on the
informal meetings with employee representatives. results of the Organizational Culture & Health
Throughout 2023, Adira Finance and employee Index (OCHI) conducted at the beginning of
representatives held regular monthly formal 2023, which will be carried out immediately
meetings in each business unit, both in person that year;
and by virtual means. There were also meetings • Reviewing productivity targets and employee
at the Regional and Head Office levels that were remuneration schemes according to pandemic
organized as part of employee involvement, such conditions (especially for field employees);
as: regional employee gathering activities, the • Organizing nationwide motivational sessions
Adira festival Program, ADVAGANZA (Sports and and activities for employees involving the
Arts Week), Adira Got Talent, Midyear & Kick Off Board of Directors and appointed vendors/
Meetings, and so on. motivators such as through GEMBA activities,
motivational webinars, BOD Letters, and so on.
Employee representatives are also involved in
the formulation of changes and renewal of the EMPLOYEE REMUNERATION & WELFARE
Company Regulations every two years. With these [GRI 2-19] [GRI 2-20]
meetings, it is hoped that harmonious industrial On an ongoing basis, Adira Finance adopts a
relations will be created, leading to a healthy and prudent principle in providing fixed and variable
constructive work environment. remuneration, taking into account the scale
and complexity of the business, peer groups,
In 2023, Adira Finance is also active in adjusting inflation rate, financial conditions and capacity,
the mechanism for regulating industrial relations and the Company’s performance. The Company’s
in the Company in accordance with derivative remuneration policy is established by considering
regulation from the Job Creation Law (Ciptaker) the remuneration philosophy as follows:
and socializing it to all employees. [GRI 2-30] • Support the Company’s long-term goals and
strategies
EMPLOYEE TURNOVER • Encourage individual and team performance
The Company succeeded in maintaining the • Retain employees with good performance
employee turnover rate, and as of December 2023 • Maintain fairness with peer groups.
it has experienced a slight improvement compared
to 2022. Adira Finance managed to improve its Adira Finance implements a meritocracy, or work
employee turnover rate to 10.2%, compared with performance reward system, or a merit and risk
the achievement in 2022 that was recorded at system (Risk Based Remuneration), based on
10.7%. employee performance, OJK regulations, and
relevant labor and wage laws, including the
The Company strives to keep the employee Omnibus Law. Under such a system, Adira Finance
turnover rate (regretted attrition) at an acceptable rewards employees according to his/her position
level by: and competence as well as the performance of the
• Conducting FGD from employee representative, respective individual.
especially field employees which elaborate
on the factors behind turnovers and the steps
need to resolve them.
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Remuneration Components
No Permanent Employees Contract Employees
[GRI 401-2]
1 Basic Salary √ √
2 Holiday Allowance √ √
3 Transport Allowance √ √
4 Leave Allowance √ √
5 Retirement Allowance √ -
6 Production Services - -
7 Social Security Agency on Health (BPJS Kesehatan) √ √
8 National Security Agency for Employment (BPJS Ketenagakerjaan) √ √
9 Meal Allowance √ √
10 Professional Allowance √ √
11 Family Grief Allowance √ √
12 Shift Allowance - -
13 Attendance Incentives - -
14 Telecommunication Allowance √ √
15 Maternity Allowance - -
16 Marital Allowance √ √
17 Umrah/Hajj Bonus - -
18 Company's Clinic - -
19 Annual Bonus √ √
20 Residential - -
21 Recreation - -
22 Reimbursement Allowance - -
23 Family Allowance - -
24 Education Assistance - -
In 2023, in line with the post-pandemic condition Regularly, Adira Finance also conducts an
and the acceleration of target achievement, Adira Organization Culture Index (OCI) survey to measure
Finance has reviewed its remuneration scheme the health level of the Company’s organizational
and performance target related to the employee culture. In this way, the Company can continue
remuneration which is in line with the Company’s to ensure that the level of organizational culture
five business objectives, especially in regaining is in the Fit index category to support operations
market share and cost leadership. and increase productivity in the midst of business
competition. The Organizational Culture Index
EMPLOYEE SATISFACTION LEVEL (OCI) score for 2023 is 6% out of 10%, which means
Adira Finance conducts employee satisfaction that Adira Finance has a 6% hazard factor which
surveys through the Employee Engagement influence the level of organizational cultural health
Survey (EES) on a regular basis to support at Adira.
a conducive work atmosphere and boost
productivity. The results of Adira Finance’s 2023 As OCHI score is considered as good if it’s below
Employee Engagement Survey (EES) Index 10%, Adira Finance has conducted several events
remained very good, scoring 93% from the original to lower its OCHI score. These events include
target of 90% (achieved by 103%). Through this Business as Usual (BAU) culture development
survey, Management is informed of the level program, Adira spiritual events, training of
of employee satisfaction, the level of employee employee representatives to acquire employees’
engagement with the Company, the desire to aspirations from each regional offices, annual
promote the Company to others, and its position GEMBA roadshow which is done offline by the
in the market. current and previous CEO, and other activities that
facilitate and relate to employees’ hobbies.
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The implementation of ESG has influenced the EES the number of training days in 2023 to reach 110,218
and OCHI in 2023 as ESG or Sustainability Finance days, with the realization being 139,409 days in
had employees with two measured projects: the 2023.
Responsible Workplace Management and CSR.
On the Responsible Workplace Management, the Training coverage was high in 2023 at 71.2% for Sales
goal to achieve is to create an environmentally and Service function, 89.7% for Credit function,
sustainable workplace, which plays a role on the 68.8% for Collection function, 69.6% for Support
employee’s EES and OCHI scores. For example, and Head Office function, 94.7% for Operational
the safety riding program which is primarily useful function. This training coverage is intended to
for field employees and bring your own tumbler support the improvement of employee knowledge
culture as well as emission tests. and skills to help facilitate Adira Finance’s business
transformation.
For CSR, one of the key initiatives in Sustainability
Finance is subsidizing electric vehicles for The realization of the training and development
employees. In addition to the company’s own investment costs carried out by the Company
subsidy, efforts have been made to communicate throughout 2023 is at 3.3% of the Company’s
the benefits of the government’s electric vehicle manpower cost. This is above the minimum target
subsidy program, allowing employees to directly of 2.5% set by the OJK.
benefit from it.
Entering 2024, Adira Finance projects a basically
Adira Finance has a health program called the stable level of workforce, given that the economy
Wellness Program, which is a health insurance has entered the second year of the endemic
program for employees to support the health period and there has been business acceleration
of employees within the Company. Through towards recovery to the pre-pandemic condition.
this program, Adira Finance promotes regular The Company will also continue with initiatives
medical check-ups for employees. As a health started in 2023 to increase employee productivity.
support program, Adira Finance also continuously Meanwhile, the cost of salaries and allowances in
conducts health socialization to promote a culture 2024 is expected to increase in accordance with
of healthy life-style, through workshops and the increase in the regional minimum wage as
seminars, wall posters, and others. determined by the Government of Indonesia.
TARGETS AND REALIZATION OF ESG Integration in HR Management
HR DEVELOPMENT IN 2023, AND Adira Finance will continue to raise awareness
PROJECTIONS FOR 2024 [SEOJK F.20] of ESG among employees through campaigns,
Until the end of December 2023, Adira Finance socialization, and training. Adira Finance is also
had a total workforce of 17.2 thousand employees, encouraging employees to take concrete action
decreased from 2022 at 17.3 thousand employees. through the “Sayang Bumiku” (carbon offset)
The number of employees is adjusted to each program. Social programs such as education
division’s business growth and manpower needs. assistance through scholarships, seminars, books,
The realization of employee salary and allowances and computers will also be continued.
in 2023 was recorded at IDR1,553 billion, increased
by 7.5% (yoy) compared to the previous year at Adira Finance has a roadmap in place until 2026
IDR1,444 billion. for the implementation of ESG in the company in
the form of a carbon offset initiative that consists
Adira Finance has carried out various initiatives of three main activities: Awareness & Education,
to build employee development competencies Carbon Offset Activity & Non-Carbon Offset
to create the best qualified human resources Activity.
according to the qualifications required by the
Company. For this reason, the Company targeted
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• Awareness & Education includes mini talk 5. The need to increase the productivity of
shows, training to trainer (TTT) starting from employees to maintain operational expenses
leaders, ambassadors, and members about at optimum level, considering that the
climate change and carbon offset. biggest component of operational expenses is
• Carbon offset activity consists of energy employee-related;
efficiency installations (smartcool), solar panels, 6. The need to increase the employees’ awareness
mangrove planting, planting other trees, as on environmental sustainability and encourage
well as calculation and issuance of REC and them to actively participate;
Carbon Credit. 7. The rise of artificial intelligence which can be
• Non-carbon offset activity is a supporting used in optimizing HR functions;
activity that consists of the installation of 8. Amidst the increasingly challenging and
electric vehicle chargers, offsetting from rapidly changing industrial conditions, the
employees in the super app (Smile Apps), Company needs employees balanced in IQ,
offsetting from customers in the Adiraku app, EQ, and SQ which are in line with short-term
Emission Testing, Safety Riding up to a referral productivity and comprehensive long-term
program for environmentally friendly financing self-development.
(eg, solar panels, electric vehicles, and others).
Therefore, Adira Finance will implement the
The goal of these initiatives is to reduce the following strategies and focus in the face of
company’s environmental impact and promote challenges in 2024, among others:
sustainability. Adira Finance is committed to 1. Supporting business analytics to increase
making a positive impact on the world and believes customer retention;
that ESG is essential to achieving this goal. 2. Adopting customer-centric strategies;
3. Provide and develop more digital and
STRATEGIC PLAN 2024 AND HR automated operational systems;
DEVELOPMENT ROADMAP 4. Maintain employee productivity levels by
Entering 2024, Adira Finance is facing several monitoring productivity on a regular basis;
challenges related to the human resources 5. Develop digital-based and online process-
development such as: based sourcing channels, to maintain
1. The change and development of IT and digital the availability of a database of employee
business to respond to the business challenge candidates with good competencies based on
going forward, which require alignments in business and operational needs;
organization and competency development; 6. Continue to carry out all existing corporate
2. The need for employees to have optimal culture enhancement activities and programs
competency in the current business operations with a hybrid concept, as a means to prepare
and also to develop innovations for future offline activities in the endemic period; and
business and employment (ambidextrous), 7. Reviewing remuneration and incentive systems
to improve the Company’s growth and which promote productivity and adjusting to
sustainability; changes in business processes at key positions.
3. The increasing number of generation Z in the
workforce which requires the skill of multi- In terms of organizational development, Adira
generational HR management, both on the Finance will also carry out the following focus,
HR system and policy as well as on the suitable strategy and activities:
approaches; 1. Develop a customer centric organization
4. The increasing number of management-level to continuously improve the alignment of
employees entering resignation age within the organization and performance related to
next five years; customer centric and channeling.
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2. Continue with the implementation of job 3. Improving digital capability, for functions
evaluation and implementing the results to working on digital technology and IT which
adapt to organizational changes, especially started with the assessment process for IT
new functions that were formed according to employees and all other employeees through
the Company’s strategy and business needs. campaign and training.
3. Evaluate and develop customized productivity 4. Continuing the Adira Happiness Program
standards that take into consideration business (“AHA”) with the emphasis on happy productive
achievement and the implementation of and well-being as well as happy customer
transformation initiatives as well as area- awareness.
specific characteristics to further optimize 5. Development of learning ecosystem, focusing
productivity. on both increasing the empowerment of
4. Continue with the process of developing Faculty Members (FMA) (Adira internal trainers)
Generalist and Specialist career paths to and implementing digital learning technology
accommodate organizational needs and career to increase collaboration.
development at Adira Finance. 6. Developing the learning partner function to
enhance the analysis and support the HR
The main strategy for HR development at Adira development according to the regional needs.
Finance will focus on building HR capabilities to 7. Increasing competency for customer
face current and future industry and business satisfaction and retention
challenges, among others: 8. Strenghtening the leader function as an agent
1. Increasing the productivity of the frontliner of change to support sustainable organizational
within the general (national) and specific transformation.
(regional or certain branches) scopes using 9. Employing data analytics on HR functions
general (training) as well as specific (coaching) to improve the effectiveness of the learning
approaches. process.
2. Sharpening the leadership function to raise the
productivity of the frontliner.
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Information Technology (IT) plays a crucial
role in the successful implementation
of both short-term and long-term
Information business strategies. Recognizing
significance, Adira Finance strategically
its
Technology
integrates IT applications to bolster
the company's established business
strategies. This encompasses, among
other things, optimizing the efficiency
and effectiveness of business processes,
fostering business expansion, mitigating
operational risks, gaining a competitive
advantage, and maintaining a leading
position in the finance industry.
The adept use of IT also empowers
the Company to adapt to the ever-
changing and competitive landscape
of the finance industry. Adira Finance
consistently pursues innovation,
employing and advancing the latest
IT solutions to support digital-based
business transformations that provide
convenience and swift services to both
consumers and business partners.
Adira Finance continues its
commitment to continue INFORMATION TECHNOLOGY
the digital transformation BLUEPRINT
In alignment with the Company’s
to support innovations of its strategic policies, Adira Finance is
products and services as well dedicated to advancing its Information
Technology (IT) infrastructure. This
as the Company’s operational
commitment involves fortifying the
efficiency to boost business system against malware attacks,
growth. ensuring sustained system stability,
and establishing an IT framework
characterized by robust governance. This
effort is complemented by a skilled and
proficient IT organization, reinforcing
the foundation for a secure, resilient, and
well-managed IT environment.
Adira Finance implements its Information
Technology Blueprint to support all
business processes, including application
development and maintenance,
infrastructure, technical services after
product launch, data, security, budget
organization and risk management. The
Blueprint maps out all initiatives collected
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at Adira Finance regarding the development and • ISO 20000-1 which is a standard for IT service
availability of IT in the long and short-term. The management that offers a framework for
Information Technology Blueprint is regularly implementing and continuously improving an
updated by the Company in line with its business IT system’s performance. This framework aims
needs. to optimize customer satisfaction with the
system and ensure the achievement of delivery
Adira Finance adopts various industry-recognized target of high-quality IT services.
IT implementation standards, such as:
• Control Objective for Information and Related STRATEGY, FOCUS AND POLICIES IN 2023
Technology (COBIT), Information Technology The implementation of information technology
Integrated Library (ITIL), and OJK Regulation development in 2023 was focused on three main
Number 4/POJK.05/2021 concerning the strategies: operational resilience and advantage
Implementation of Risk Management in the to further improve operating efficiency, customer-
Utilization of Information Technology (RMIT) centric business development and growth and
by Non-Bank Financial Services Institutions, continued business transformation and process
which generally applies to the banking sector. digitalization to increase customer experience and
• The Open Group Architecture Foundation to improve accessibility and support innovation.
(TOGAF) in terms of the development and
management of IT Architecture. In pursuit of seamless and efficient transaction
• ISO 270001 which is a globally recognized processing, the Company has persistently upgraded
standard for information security management its information technology network services across
systems (ISMS). It provides a systematic all branches. This progressive enhancement has
approach to manage sensitive company been meticulously implemented throughout
information, ensuring its confidentiality, 2023, leveraging the cutting-edge technology of
integrity and availability. software-defined wide area network (SDWAN).
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This strategic approach ensures a gradual and • Implementation and development of
sustainable improvement, optimizing the overall technology-based support, as a support in
performance of the network infrastructure. building the automotive business ecosystem.
Moreover, the Company has implemented a robust • Implementation of ISO 27001 and surveillance
system characterized by exceptional stability, certification expansion to achieve the target of
enhancing its ability to swiftly recover in instances information security systems based on the use
of system issues. Notably, the deployment includes of Dukcapil data.
advanced features that accelerate instant system • Improving the capabilities of the Security
recovery. Furthermore, significant enhancements Operation Center (SOC) and related security
have been made to fortify the system’s defenses devices with Machine Learning (ML) and
against malware attacks, further ensuring the Artificial Intelligence (AI) capabilities.
security and integrity of the overall system. • Implementation of an integrated environment
for the development, testing, and maintenance
In its effort on cultivating customer loyalty and of IT systems to improve the quality, reliability,
delivering a better consumer experience, the and resilience of IT systems.
Company has consistently employed diverse • Improving the capabilities of the IT organization
strategies for automation, service digitalization, for the functions of security (IT security),
and continuous enhancement of business governance (IT governance), architecture (IT
processes. This comprehensive approach spans architecture), and management (IT office)
the entire spectrum of operations, encompassing including the addition of competent IT security
consumer acquisition, customer retention, capabilities, the improvement and updating
collection, payment, and various other crucial of standards, policies, and processes in the IT
business processes. Notably, the Company has operation model, and the management of
crafted streamlined and user-friendly systems that integrated IT architecture.
seamlessly integrate with all of Adira’s businesses, • Implementation of a service system based
fostering flexibility and heightened efficiency on ISO 20000-1 to guarantee the target of
across the board. quality IT services that are in accordance with
international and industry standards.
Since the beginning of 2023, Adira Finance has
started the implementation of a comprehensive BUSINESS DEVELOPMENT STRATEGY
information technology system to support the As the digital technologies continue to advance
Company’s strategic expansion to the heavy rapidly, Adira Finance aims to expand its
equipment financing segment and establishing customer base through the utilization of digital
an automotive ecosystem in partnership with platforms. To achieve this objective, the Company
Bank Danamon and MUFG. has implemented policies and strategies that
prioritize sustainable digital transformation,
IT INNOVATIONS IN 2023 which emphasizes on enhancing its information
In 2023 Adira Finance has continued to innovate in technology capabilities in providing customer-
terms of information technology as follow-ups to centric services that prioritize convenience and
innovations conducted in 2022. speed.
• Implementation of Software Defined Wide
Area Network (SD-WAN), to improve network The Company has continued to leverage the
availability and network cost efficiency in digital space to ensure that its financing business
200 Company branches to facilitate daily continues to grow, especially in the new normal era.
operations. Adira Finance has also developed other business
strategies while remaining vigilant in order to
capture the ongoing and potential opportunities
as well as anticipating risks in the post-pandemic
environment. In addition, Adira Finance seeks to
remain adaptive to market changes and meet
customer expectations.
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Investments in IT have continued at Adira Finance developing and managing the Company’s IT
to accelerate digitalization of key business Architecture. Adira Finance has also equipped the
processes and in line with the Company’s aim to IT system with quick recovery mechanism in case
become a customer-centric financing company. of system disturbances. These disturbances could
Adiraku, a mobile application launched during be due to natural disasters such as flood and fire
the pandemic has been downloaded by 5.1 or damage to the production system. As potential
million times, with 1.4 million registered users. internal and external threats and risks can be
The application serves as a digital branch capable quickly identified, Adira Finance can manage
of providing services such as application for risks more adequately and is able to mitigate risks
financing, payments of instalments, and also experienced by the Company expeditiously.
for contacting customer service agents. Other
than Adiraku, Adira Finance also has AdiraPoin, a STRATEGIC PLANS FOR 2024
reward point system and loyalty program for Adira Adira Finance will continue to make the necessary
Finance customers AdiraPoin is also accessible innovations in business processes to achieve better
through the use of Adiraku mobile application. growth by utilizing the application of Information
Technology. In 2024, Adira Finance will continue
INFORMATION TECHNOLOGY with various IT development strategies and plans,
GOVERNANCE namely:
Adira Finance implements Information Technology • Enhancing the rapid system recovery service
Governance (IT Governance) to support the during disaster scenarios by establishing a
leadership, management processes, organizational more comprehensive and advanced data
structure, and sustainable processes. Adira center;
Finance is committed to remaining at the forefront • Continuing the plan to improve the information
of implementing digital business in the financing technology (IT) network service level in
industry. branches through the implementation of
SDWAN in order to increase network availability
In line with this, Adira Finance continues to and reducing network cost.
strengthen its IT organization and governance • Continuing the implementation of Business
structure, which includes: Process Re-Engineering (BPR) for upgrading
• IT Steering Committee, chaired by the President business acquisition using approaches like
Director, responsible for setting the strategic process automation and process digitalization
direction and strategic IT projects. gradually and continuously;
• IT Architecture Board, chaired by the • Continuing the well-managed documentation
Director supervising Information Technology, process on information technology applications;
responsible for establishing the IT architecture • Continuing the business initiative process
platform. based on the data owned by Adira;
• IT Advisory Board, chaired by the Director • Increasing the capability of Security Operation
supervising Information Technology, Center (SOC) and security infrastructure
responsible for, among others, determining related to Machine Learning (ML) and Artificial
changes in project priorities and the Intelligence (AI);
implementation of strategic IT projects; and • Conducting data security through the use of
• Project Steering Committee, which is data encryption on mobile application;
responsible for ensuring adequate IT project • Continuing the multi-layered cyber security
governance. process; and
• Preparing the facilities for supporting activities
Adira Finance has added the standards set for and communication within Business Continuity
Information Technology (IT), namely The Open Plan (BCP).
Group Architecture Foundation (TOGAF), in
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Financial
Review Analysis
Total Asset
IDR31,0 trillion
In 2023, Adira Finance achieved favorable
performance and enhance asset growth,
in line with the ongoing improvement in
domestic economic. Morever, Adira Finance
successfully increased asset growth and
record positive performance in 2023. The
Company has carried out various initiatives
to unlock opportunities, and strengthen
synergies and collaboration with Bank
Danamon as the Parent Company as well as
with MUFG’s ecosystem.
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MANAGEMENT DISCUSSION
Adira Finance has prepared its Audited
Financial Statements for the years ending
Financial Review on December 31, 2023, 2022, and 2021 in
compliance with Indonesian Financial
Analysis
Accounting Standards as issued by
the Financial Accounting Standards
Board (including the Indonesia Sharia
Accounting Standards Board) and the
Capital Market Regulation No. VIII.G.7
regarding “Emitent or Public Company’s
Financial Statements Presentation and
Disclosure Guidelines.”
1.9
The following financial performance
IDR
analysis refers to the Audited Financial
trillion Statements of PT Adira Dinamika Multi
Finance Tbk for the years ending on
December 31, 2023, 2022, and 2021. The
Net Income Company’s Financial Statements as of
December 31, 2023 and for the year then
ended had been audited by the Public
Accounting Firm of Imelda & Partner
(member firm of Deloitte Asia Pacific and
Deloitte Global Network), independent
In 2023, Adira Finance’s post- auditors, in accordance with Standards on
pandemic recovery is solidly Auditing established by the Indonesian
on track, as shown by the Institute of Certified Public Accountants,
with an unmodified opinion as stated in
Company’s asset growth and its report of February 12, 2024 and with
improved profitability. Adira Elisabeth Imelda as the partner in charge.
Finance successfully recorded
In 2023, the Indonesian economy
a net income growth of 21.1% continued to expand by 5.05% yoy despite
(yoy) to IDR1.9 trillion in 2023. being faced with challenges, especially
global economic uncertainty. Elevated
Customer trust and satisfaction consumer prices persisted although
with Adira Finance was one inflation rate cooled, while interest
of key factors behind the rate remained high as Bank Indonesia
maintained its tight monetary policy
achievement of the Company’s throughout the year.
performance growth.
Despite the challenges facing the
domestic economy, Adira Finance's
new financing continues to show an
increased by 31.2% (yoy) in 2023 to IDR41.6
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trillion. Total managed receivables (including joint Assets (ROA) had relative stable to 8.6% in 2023,
financing) has also increased by 25.0% (yoy) to while Return on Equity (ROE) increased to 18.7% in
IDR55.7 trillion in 2023 compared to the previous 2023 from 17.4% in 2022.
year. Joint financing represented 47% of managed
receivables in 2023. STATEMENT OF FINANCIAL POSITION
From the Company’s statement of financial
In line with the strong growth in managed position, by the end of 2023, Adira Finance had
receivables and improving business climate. recorded a growth in total assets of 24.5% (yoy) to
In 2023, Adira Finance recorded an increase in IDR31.0 trillion from IDR24.9 trillion in 2022. Total
revenue of 14.0% (yoy) to IDR9.5 trillion. Meanwhile, liabilities had also posted an increase of 33.8%
total expenses increased by 11.7% (yoy) to IDR7.0 (yoy) in 2023 to IDR19.9 trillion from IDR14.9 trillion
trillion in 2023 in line with the increase in interest in 2022, while total equity grew by 10.8% (yoy) to
expenses and allowance for impairment losses. IDR11.1 trillion in 2023 from IDR10.0 trillion in 2022.
Hence, the Company's income before income tax
expense reached of IDR2.5 trillion or increased by Assets
21.2% (yoy) in 2023. At the end of 2023, Adira Finance’s total assets
were recorded at IDR31.0 trillion, up by 24.5% (yoy)
Overall, Adira Finance’s net income after tax had compared to 2022 at IDR24.9 trillion. This increase
climbed by 21.1% (yoy) to IDR1.9 trillion in 2023 was dominated by the strong growth in financing
from IDR1.6 trillion in 2022. Looking at the two key receivables of 24.8% (yoy) to IDR27.6 trillion, in line
financial ratios to measure profitability, Return on with an increase the Company's new financing
distribution, and followed by continued growth of
the Indonesian economy.
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In the last three years, the contribution of financing receivables – net to the Company’s total assets is
shown on the following chart:
The Contribution of Financing Receivables – Net to the Company’s Total Assets
(In IDR Trillion)
31.0
1.4
24.9 5.5 Consumer Financing Receivables - Net
23.7 0.9
0.3 4.0
3.1
Murabahah Financing Receivables - Net
20.7
16.9 17.2 Financing Lease Receivables - Net
2021 2022 2023
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Cash on hand and in banks 1,637.6 1,286.4 1,435.5 (21.4%) 11.6%
Consumer financing receivables – net of 16,906.9 17,204.7 20,680.6 1.8% 20.2%
allowance for impairment losses
Murabahah financing receivables – net of 3,051.3 4,033.4 5,520.1 32.2% 36.9%
allowance for impairment losses
Finance lease receivables – net of allowance 280.6 918.0 1,444.3 227.1% 57.3%
for impairment losses
Other Assets 1,832.7 1,454.7 1,926.7 (20.6%) 32.4%
Total assets 23,709.1 24,897.2 31,007.2 5.0% 24.5%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
Cash on Hand and In Banks
By the end of 2023, Adira Finance’s position of total cash on hand and in banks stood at IDR1.4 trillion,
higher by 11.6% (yoy) than IDR1.3 trillion recorded at the end of 2022. From its total cash on hand and
in banks, the Company had deposited IDR737.0 billion at PT Bank Danamon Indonesia Tbk, one of the
Company’s related parties, up from IDR500.1 billion at the end of 2022.
Consumer Financing Receivables
Joint financing represented 48% of consumer financing receivables in 2023 at Adira Finance and was
done with PT Bank Danamon Indonesia Tbk, which is Adira’s parent company. Based on the agreement
between Adira Finance and PT Bank Danamon Indonesia Tbk regarding joint financing, the portion of
receivables financed by PT Bank Danamon Indonesia Tbk is up to 99% of the balance to be financed while
the remaining portion are to be financed by Adira Finance.
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The managed consumer financing receivables as of December 31, 2021, 2022 and 2023 are as follows:
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Managed Receivables
Self financing 18,125.8 18,457.2 21,951.2 1.8% 18.9%
Joint financing 14,772.3 15,690.6 19,924.2 6.2% 27.0%
Total 32,898.1 34,147.8 41,875.4 3.8% 22.6%
Composition
Self financing 55.1% 54.1% 52.4%
Joint financing 44.9% 45.9% 47.6%
Consumer Financing receivables in the Financial Position
Report
Receivables before allowance for 18,125.8 18,457.2 21,951.2 1.8% 18.9%
impairment losses
Less: allowance for impairment losses (1,218.9) (1,252.5) (1,270.6) 2.8% 1.4%
Consumer financing receivables – net 16,906.9 17,204.7 20,680.6 1.8% 20.2%
At the end of 2023, Adira Finance’s net consumer financing receivables amounted to IDR20.7 trillion, up
by 20.2% (yoy) from IDR17.2 trillion at the end of 2022. The increase in consumer financing receivables was
attributed to the strong growth in new financing, which was also supported by the Company’s efforts to
implement various strategies to improve its performance amidst challenging economic condition.
The Company’s average period of consumer financing contracts in 2023 were 49 months on car financing,
29 months on motorcycle financing, 12 months on durable goods financing and 22 months on financing
of others. The weighted average effective interest rate of consumer financing receivables per annum are
as follows:
Description 2021 2022 2023
Cars 19.7% 18.7% 17.1%
Motorcycles 35.7% 35.0% 34.2%
Durable goods 57.3% 61.8% 61.5%
Other 36.7% 34.1% 32.2%
Murabahah Financing Receivables
Murabahah financing receivables is a sell-buy goods contract with selling price amounting to acquisition
cost plus agreed margin and the Company must disclose the acquisition cost to consumer. Murabahah
financing receivables are recognized at acquisition cost plus agreed margin. The margin itself is recognized
over the year of the contract based on margin of murabahah financing receivables.
There were 42 sharia branches and 52 sharia kiosks/satellites among 466 Adira’s business network spread
across Indonesia at the end of 2023. Adira Finance provides joint financing of murabahah financing
receivables with PT Bank Danamon Indonesia, accounted for 53% of total murabahah financing receivables.
Based on the wakalah agreement between Adira Finance and PT Bank Danamon Indonesia Tbk agreed to
enter into a joint financing facility agreement for consumer. PT Bank Danamon Indonesia Tbk’s financing
portion of the receivables is set at the maximum of 99% of the balance to be financed and the remaining
portion are to be financed by Adira Finance.
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As of the end of 2023, Adira Finance’s net increase in murabahah financing receivables.
murabahah financing receivables amounted to Going forward, the Company remains upbeat on
IDR5.5 trillion, or up by 36.9% (yoy) from IDR4.0 the potential growth of its sharia products as Adira
trillion at the end of 2022. Continued growth Finance continues its strategy to build awareness
of the Company’s sharia-based new financing of its sharia products among consumers.
distribution in 2023 was seen as behind the
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Managed Receivables
Self financing 3,197.0 4,221.2 5,812.2 32.0% 37.7%
Joint financing 4,041.2 5,251.2 6,534.1 29.9% 24.4%
Total 7,238.2 9,472.4 12,346.3 30.9% 30.3%
Composition
Self financing 44.2% 44.6% 47.1%
Joint financing 55.8% 55.4% 52.9%
Murabahah Financing receivables
in the Financial position report
Receivables before allowance for 3,197.0 4,221.2 5,812.2 32.0% 37.7%
impairment losses
Less: allowance for impairment losses (145.7) (187.8) (292.1) 29.0% 55.5%
Murabahah financing receivables – net 3,051.3 4,033.4 5,520.1 32.2% 36.9%
The average period of the Company’s murabahah financing contracts in 2023 were 49 months on cars, 29
months on motorcycles, 12 months on durable goods, and 24 months on others. The weighted average
effective margin of murabahah financing receivables per annum are as follows:
Description 2021 2022 2023
Cars 18.6% 18.1% 17.4%
Motorcycles 34.1% 34.1% 33.6%
Durable goods 57.9% 63.1% 61.9%
Other 32.2% 32.0% 28.1%
Finance Lease Receivables
Adira Finance carries out its self-financing in providing finance lease receivables. As the financing provider,
the Company transfers substantially all the risks and benefits on the asset ownership. At the end of 2023,
Adira Finance recorded finance lease receivables of IDR1.4 trillion, up 57.3% (yoy) from IDR918.0 billion
at the end of 2022. As of the end of 2023, the composition of finance lease receivables was IDR1.2 trillion
of conventional finance lease receivables and IDR231.4 billion of sharia finance lease receivables. A year
earlier, conventional finance lease receivables and sharia finance lease receivables were at IDR839.3 billion
and IDR78.7 billion, respectively. The growth in 2023 was in line with continued recovery in economic
activities, amidst the global challenges that still shadowing.
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Finance Lease Receivables - Net
(In IDR Billion)
2023 1,444.3
2022 918.0
2021 280.6
- 200.0 400.0 600.0 800.0 1,000.0 1,200.0 1,400.0 1,600.0
At the end of 2023, the average period of the Company’s finance lease receivables for cars, motorcycles,
and others on average are 40 months, 28 months, and 23 months, respectively. The weighted average
effective interest rates of finance lease receivables per annum for the years of 2021, 2022, and 2023 are as
follows:
Description 2021 2022 2023
Cars 14.2% 12.6% 11.3%
Motorcycles 22.4% 24.2% 25.6%
Others 20.4% 13.5% 14.1%
Managed Financing Receivables billion in 2023; net other receivables also expanded
All of the managed financing receivables of Adira by 27.2% (yoy) from IDR268.2 billion in 2022 to
Finance, whether those that are financed solely IDR341.0 billion in 2023.
by the Company or through the joint financing
scheme. Adira Finance undertakes collectively Investment in shares has increased significantly
all of the financing processes from acquisition to from IDR650 million in 2022 to IDR386.4 billion
collection and including the management of credit driven by the Company's acquisition of 9.83% share
risks on the consumer financing, murabahah ownership in PT Home Credit Indonesia (HCI).
financing, and finance lease, on the grounds that Fixed assets net of accumulated depreciation have
all of those financing receivables have similar increased by 42.0% (yoy) from IDR161.8 billion in
credit risk characteristics. 2022 to IDR229.7 billion in 2023.
Other Assets Conversely, right-of-use assets – net of
On other assets, Adira Finance recorded 32.4% (yoy) accumulated depcreciation have decreased by
increase to IDR1.9 trillion at the end of 2023 from 2.5% (yoy) from IDR269.2 billion in 2022 to IDR262.5
IDR1.4 trillion in 2022. Among key components of billion in 2023 while intangible assets – net of
other assets, prepaid expenses have increased by accumulated amortisation have declined as well
11.2% (yoy) from IDR128.6 billion in 2022 to IDR143.0 from IDR128.7 billion in 2022 to IDR120.7 billion in
2023, or decreased by 6.3% (yoy).
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Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Prepaid expenses 126.8 128.6 143.0 1.4% 11.2%
Other receivables – net 356.0 268.2 341.0 (24.6%) 27.2%
Derivative assets 4.6 40.9 1.0 796.6% (97.5%)
Prepaid tax 336.8 46.1 64.4 (86.3%) 39.7%
Investment in shares 0.7 0.7 386.4 0.0% 59,340.0%
Fixed assets – net of accumulated 209.4 161.8 229.7 (22.7%) 42.0%
depreciation
Right of use assets – net of accumulated 289.6 269.2 262.5 (7.1%) (2.5%)
depreciation
Intangible assets – net of accumulated 169.3 128.7 120.7 (24.0%) (6.3%)
amortisation
Deferred tax assets 325.0 395.4 355.0 21.7% (10.2%)
Other assets 14.5 15.1 23.0 4.0% 51.4%
Total other assets 1,832.7 1,454.7 1,926.7 (20.6%) 32.4%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
Liabilities
By the end of 2023, Adira Finance’s total liabilities amounted to IDR19.9 trillion, up by 33.8% (yoy) compared
to IDR14.9 trillion in 2022. As its financing receivables grew, the Company has also increased its fundings
which consist of borrowings, bonds and mudharabah bonds. Borrowings has increased by 83.6% in 2023
from IDR5.1 trillion in 2022 to IDR9.3 trillion. Bonds has grew by 17.7% in 2023 from IDR5.0 trillion in 2022
to IDR5.9 trillion. The Company has also continued to diversify its source of fundings from mudharabah
bonds, which higher by 94.8% (yoy) from IDR441 billion in 2022 to IDR859 billion in 2023. Aside from
the fundings, other liabilities have turned lower from IDR4.4 trillion in 2022 to IDR3.8 trillion in 2023, or
equivalent to 11. 8% (yoy) decrease.
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Borrowings 4,954.7 5,073.1 9,313.0 2.4% 83.6%
Bond payables - net 5,573.3 4,999.2 5,885.1 (10.3%) 17.7%
Mudharabah bonds 402.0 441.0 859.0 9.7% 94.8%
Other liabilities 3,832.8 4,351.5 3,837.9 13.5% (11.8%)
Total liabilities 14,762.8 14,864.8 19,895.0 0.7% 33.8%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
Borrowings
The Company’s borrowings are obtained from both onshore and offshore banks. Backed by its excellent
track record and reputation as one of the leading financing companies in Indonesia, Adira Finance’s
controlling shareholder, Bank Danamon has the prominent position of being one of the biggest banks
in Indonesia and is a part of the MUFG Group. The Company has implemented a hedging policy on all
of its foreign currency denominated borrowings both in principal and interest rate, with the purpose to
overcome the volatility risk of cash flows arising from exchange rates with/without floating interest rates.
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As of the end of 2023, the total borrowings of Adira Finance have increased by 83.6% (yoy) to IDR9.3 trillion
from IDR5.1 trillion at the end of 2022. All of the borrowings were dominated from onshore banks, while
IDR235.2 billion worth of borrowings from offshore banks. On the other hand onshore borrowings had
significant increased by 111.7% (yoy) from IDR4.3 trillion in 2022 to IDR9.1 trillion in 2023.
Information on borrowing facilities received by Adira Finance as of December 31st 2023 is as follows:
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Rupiah
PT Bank Danamon Indonesia Tbk 679.2 645.4 992.1 (5.0%) 53.7%
MUFG Bank,Ltd. (Jakarta) 666.6 1,265.4 1,154.2 89.8% (8.8%)
PT Bank Pan Indonesia Tbk - 773.2 1,931.5 100.0% 149.8%
PT Bank Mandiri (Persero) Tbk 291.5 941.7 1,727.3 223.1% 83.4%
PT Bank Maybank Indonesia Tbk 52.8 - 1,551.6 (100.0%) 100.0%
PT Bank Central Asia Tbk - 175.0 1,064.7 100.0% 508.4%
PT Bank BCA Syariah - - 233.3 - 100.0%
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk - - 181.6 - 100.0%
PT Bank UOB Indonesia 50.0 487.5 75.0 875.0% (84.6%)
PT Bank Muamalat Indonesia Tbk - - 75.0 - 100.0%
PT Bank DBS Indonesia - - 91.5 - 100.0%
PT Bank CTBC Indonesia 37.5 - - (100.0%) -
US Dollar
BNP Paribas (Singapore) – Syndication 3,177.1 784.9 - (75.3%) (100.0%)
Yen Jepanese
MUFG Bank, Ltd. (Singapore) - - 235.2 - 100.0%
Total Borrowings Received 4,954.7 5,073.1 9,313.0 2.4% 83.6%
Based on its currency denomination, in 2023 Adira Finance’s borrowings dominated in Rupiah at 97.5%,
increased compared to 2022 when 84.5% of total borrowings. While 2.5% were in Japanese Yen.
(In IDR Trillion)
9.3
0.2
Rupiah Loans
5.0 5.1 Loans in Foreign Currency
0.8 9.1
3.2
4.3
1.8
2021 2022 2023
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Bonds Payable – Net and Mudharabah Bonds
Other than bank borrowings, Adira Finance diversifies its funding sources from the capital market by
issuing bonds and mudharabah bonds. In 2023, the Company recorded a total of IDR5.9 trillion worth of
bonds payable – net and IDR859 billion worth of mudharabah bonds. The bonds payable – net was increased
by 17.7% (yoy), while the mudharabah bonds were up by 94.8% (yoy) in 2023. Overall, the Company’s bonds
payable – net and mudharabah bonds in 2023 were up by 24.0% (yoy) to IDR6.7 trillion from IDR5.4 trillion
in 2022.
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Continuing bonds III phase V 241.0 - - (100.0%) -
Continuing bonds III phase VI 68.0 - - (100.0%) -
Continuing bonds IV phase I 91.0 - - (100.0%) -
Continuing bonds IV phase II 162.0 162.0 - 0.0% (100.0%)
Continuing bonds IV phase III 729.3 460.8 - (36.8%) (100.0%)
Continuing bonds IV phase IV 386.0 328.0 328.0 (15.0%) 0.0%
Continuing bonds IV phase V 895.0 607.7 607.7 (32.1%) 0.0%
Continuing bonds IV phase VI 893.0 190.0 190.0 (78.7%) 0.0%
Continuing bonds V phase I 816.0 816.0 - 0.0% (100.0%)
Continuing bonds V phase II 1,300.0 741.0 741.0 (43.0%) 0.0%
Continuing bonds V phase III - 1,700.0 1,080.0 100.0% (36.5%)
Continuing bonds VI phase I - - 1,700.0 - 100.0%
Continuing bonds VI phase II - - 1,250.0 - 100.0%
Unamortised bonds issuance costs (8.0) (6.3) (11.6) (21.3%) 83.6%
Bonds payable - net 5,573.3 4,999.2 5,885.1 (10.3%) 17.7%
Continuing mudharabah bonds II phase III 7.0 - - (100.0%) -
Continuing mudharabah bonds III phase I 55.0 - - (100.0%) -
Continuing mudharabah bonds III phase II 29.0 29.0 - 0.0% (100.0%)
Continuing mudharabah bonds III phase III 87.0 32.0 32.0 (63.2%) 0.0%
Continuing mudharabah bonds III phase IV 24.0 14.0 14.0 (41.7%) 0.0%
Continuing mudharabah bonds IV phase II 200.0 66.0 66.0 (67.0%) 0.0%
Continuing mudharabah bonds IV phase III - 300.0 147.0 100.0% (51.0%)
Continuing mudharabah bonds V phase I - - 300.0 - 100.0%
Continuing mudharabah bonds V phase II - - 300.0 - 100.0%
Mudharabah bonds 402.0 441.0 859.0 9.7% 94.8%
Total bonds payable - net and mudharabah bonds 5,975.3 5,440.2 6,744.1 (9.0%) 24.0%
In 2023, Adira Finance issued the Continuing Bonds VI Phase I and Continuing Mudharabah Bonds V Phase
I in July 2023, amounting to IDR2.0 trillion, followed by the Continuing Bonds VI Phase II and Continuing
Mudharabah Bonds V Phase II in November for IDR1.55 trillion. Both were oversubscribed, the former by
2.3x and the latter by 2.6x, which demonstrates Adira Finance’s high credibility in the investor community.
Other Liabilities
By the end of 2023, Adira Finance’s other liabilities were at IDR3.8 trillion, down by 11.8% (yoy) compared
to the position at the end of 2022 of IDR4.4 trillion. Other payables, employment benefit liabilities, and
Accrued expenses represented by 41.7%, 25.6%, and 24.2% of total other liabilities, respectively.
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Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Accrued expenses 1,075.0 1,246.2 927.9 15.9% (25.5%)
Lease liabilities 180.9 168.7 148.0 (6.7%) (12.2%)
Other payables 1,371.7 1,704.4 1,599.0 24.2% (6.2%)
Tax payables 173.7 302.1 180.8 74.0% (40.2%)
Derivative liabilities 154.1 5.7 - (96.3%) (100.0%)
Employment benefit liabilities 877.4 924.4 982.2 5.4% 6.2%
Total other liabilities 3,832.8 4,351.5 3,837.9 13.5% (11.8%)
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
Equity
The Company’s financial year of 2023 had ended with the total equity of IDR11.1 trillion, up from IDR10.0
trillion at the end of 2022. The increase in the Company’s equity was mainly driven by the increase in
retained earnings by 10.8% (yoy) to IDR11.0 trillion in 2023 from IDR9.9 trillion in 2022. Issued and fully paid-
up capital and additional paid-in capital have remained unchanged from 2022 at IDR100.0 billion and
IDR6.8 billion, respectively.
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Issued and fully paid-up capital 100.0 100.0 100.0 0.0% 0.0%
Additional paid-in capital 6.8 6.8 6.8 0.0% 0.0%
Retained earnings
- Appropriated 194.9 207.1 223.1 6.2% 7.8%
- Unappropriated 8,705.9 9,721.9 10,783.0 11.7% 10.9%
Cumulative losses on derivative instrument for cash flows (61.2) (3.4) (0.7) (94.5%) (77.9%)
hedges - net
Equity 8,946.4 10,032.4 11,112.2 12.1% 10.8%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
PROFIT AND LOSS STATEMENTS
Overall, the Company had managed to recorded an increase in total income in 2023 to IDR9.5 trillion from
IDR8.3 trillion in 2022, or equivalent to 14.0% (yoy) increase. In line with higher total income, the Company’s
net income for the year had also increased by 21.1% (yoy) from IDR1.6 trillion in 2022 to IDR1.9 trillion in 2023.
Detailed information about the income statement and other comprehensive income for 2021-2023 is as
follows:
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Total income 8,653.1 8,340.4 9,507.9 (3.6%) 14.0%
Total expenses (7,051.2) (6,300.7) 7,035.3 (10.6%) 11.7%
Net income before income tax expense 1,601.9 2,039.7 2,472.6 27.3% 21.2%
Income tax expense (388.6) 434.2 528.6 11.7% 21.8%
Net income for the year 1,213.3 1,605.5 1,944.0 32.3% 21.1%
Other comprehensive income net of tax 235.6 87.5 (61.2) (62.9%) (170.0%)
Total comprehensive income for the year 1,448.9 1,693.0 1,882.8 16.8% 11.2%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
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Total Income
Adira Finance’s total income consisted of consumer financing income, murabahah margin, finance lease,
and other income. Throughout 2023, the Company had earned a total income of IDR9.5 trillion, increased
by 14.0% (yoy) from IDR8.3 trillion in 2022.
The details of the Company’s total income during 2021-2023 period are as follows:
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Consumer financing 5,795.0 5,373.7 6,041.7 (7.3%) 12.4%
Murabahah margin 862.1 1,195.2 1,482.9 38.6% 24.1%
Finance Lease 31.6 68.2 147.9 115.7% 116.7%
Other 1,964.4 1,703.3 1,835.4 (13.3%) 7.8%
Total income 8,653.1 8,340.4 9,507.9 (3.6%) 14.0%
Consumer Financing Income Other Income
The Company’s consumer financing income in Adira Finance’s other income consists of non-
2023 was at IDR6.0 trillion, higher by 12.4% (yoy) than interest and non-margin income, such as
IDR5.4 trillion in 2022. This increase was attributed administration fees, late charges, income gained
to the growing consumer financing receivables from early retirement of consumer financing,
– net in 2023. Compared to other components of recovery of written-off receivables, income from
total income, the consumer financing income had interest on current accounts and insurance
contributed 63.5% of total income in 2023. commission. In 2023, other income was increased
by 7.8% (yoy) to IDR1.8 trillion compared to IDR1.7
Murabahah Margin Income trillion in 2022. Consequently, the contribution of
Total murabahah margin income was at IDR1.5 other income to total income in 2023 by 19.3%.
trillion in 2023, up by 24.1% (yoy) from IDR1.2 trillion
in 2022. The increase was consistent with the Total Expenses
36.9% (yoy) growth in Adira Finance’s murabahah In 2023, Adira Finance’s total expenses were up by
financing receivables – net at the end of 2023. 11.7% (yoy) to IDR7.0 trillion from IDR6.3 trillion in
Murabahah margin income accounted for 15.6% of 2022. The increase was in line to the Company’s
total income in 2023, higher than 14.3% in 2022. efforts to strengthen its business and to further
expand its financing business to non-automotive
Finance Lease Income financing segment and was also linked to the
Adira finance had recorded IDR147.9 billion in growing receivables managed by the Company
finance lease income in 2023, increased by 116.7% compared to a year earlier.
(yoy) from IDR68.2 billion recorded in 2022. The
continued economic growth in 2023 had been
one of the key factors behind the positive result.
In 2023, the contribution of finance lease income
was at 1.6% of total income, which was significantly
higher than 0.8% seen in 2022.
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
The following table details the Company’s total expenses for the years 2021-2023:
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Salaries and benefits 2,098.2 2,304.4 2,419.7 9.8% 5.0%
General and administrative 1,643.5 1,320.9 1,338.9 (19.6%) 1.4%
Interest expense, financing charges and 1,103.9 729.3 1,012.2 (33.9%) 38.8%
revenue sharing for mudharabah bonds
Provision for impairment losses 1,790.6 1,255.7 1,647.7 (29.9%) 31.2%
Marketing and other 415.0 690.4 616.8 66.4% (10.7%)
Total expenses 7,051.2 6,300.7 7,035.3 (10.6%) 11.7%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
Operating Expenses
Operating expenses consist of salaries, benefits and administration expenses. In 2023, operating expenses
had increased by 3.7% (yoy) from IDR3.6 trillion in 2022 to IDR3.8 trillion. This increase was salaries and
benefit expenses by 5.0% (yoy) from IDR2.3 trillion in 2022 to IDR2.4 trillion in 2023 in line with talent
needs accompanied by increased financing performance. On the other hand, general and administrative
expenses relative stable at IDR1.3 trillion as digitalization of business processes had helped improve cost
efficiency and cost effectiveness in 2023.
Salaries and Benefits Expenses
In 2023, salaries and benefits expenses stood at IDR2.4 trillion, higher by 5.0% (yoy) compared to IDR2.3
trillion in 2022.
The following table outlines the Company’s salaries and benefits for 2021-2023: [GRI 2-21]
Growth (%)
Description
2021*) 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Salaries and allowance 1,931.5 2,173.0 2,276.7 12.5% 4.8%
Post-employment benefits 157.7 66.7 62.8 (57.7%) (5.8%)
Training and education 9.0 64.7 80.2 618.9% 23.9%
Total 2,098.2 2,304.4 2,419.7 9.8% 5.0%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
General and Administrative Expenses
The general and administrative expenses consist of office expenses, rent, transportation, installment
collection fees, repairs and maintenance, depreciation of fixed and right of use assets, amortisation of
intangible assets, delivery, postage and stamp duties, printing and documentation, bank administration
and insurance expense of fixed assets. Overall, total expenses are relatively stable in line with increasing
efficiency of the Company’s operations. In 2023, total general and administrative expenses amounted
to IDR1.3 trillion. Office expenses and rental expenses were the two biggest components of general and
administrative expenses in 2023, accounting for 43.3% and 12.5% of total general and administrative
expenses, respectively.
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The following table details the Company’s general and administrative expenses for 2021-2023.
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Office expenses 716.9 558.1 580.0 (22.1%) 3.9%
Rental expenses 118.7 143.2 167.3 20.6% 16.9%
Derpreciation of righ-of-use assets 98.7 99.0 99.9 0.2% 1.0%
Repairs and maintenance 85.5 97.3 99.5 13.9% 2.2%
Transportation 19.6 43.8 71.3 123.8% 62.6%
Installment collection fees 59.8 61.9 64.0 3.6% 3.4%
Intangible asset amortisation 60.7 61.8 50.5 1.8% (18.3%)
Depreciation of fixed assets 60.7 47.3 48.7 (22.1%) 3.0%
Delivery, postage and stamp duties 83.9 63.3 46.7 (24.6%) (26.2%)
Printing and documentation 20.7 18.3 24.0 (11.8%) 31.1%
Bank administration 0.2 0.3 0.4 93.5% 37.5%
Fixed asset insurance 0.8 2.4 2.2 206.8% (8.5%)
Others 317.3 124.2 84.4 (60.8%) (32.0%)
Total 1,643.5 1,320.9 1,338.9 (19.6%) 1.4%
Interest expenses, and financing charges and revenue sharing for mudharabah bonds
Adira Finance’s funding costs consist of Interest expenses from bank loans, bonds and lease liabilities,
loan provisions expenses, issuance cost of bonds and mudharabah bonds, as well as revenue sharing
for mudharabah loans and mudharabah bonds. Bank loans, bonds and mudharabah bonds are the
Company’s external sources of funding outside the joint financing scheme. Associated costs of funding
on financing receivables booked through the joint financing scheme are accounted for within the net
portion of interest income from financing. On the other hand, when the financing receivables are booked
through self-financing, the associated costs are recognized as interest expense, and financing charges
and revenue sharing for mudharabah bonds.
In 2023, total interest and financing expenses amounted to IDR1.0 trillion, or higher than IDR729.3 billion
in 2022 by 38.8% (yoy). Overall, this increase was attributed to the large increase in interest on borrowings
from IDR257.9 billion in 2022 to IDR613.6 billion in 2023, or 137.9% (yoy) inline with significant growth in
Adira Finance’s total borrowings in 2023. However, Interests on bond payables and lease liabilities were
lower by 20.5% (yoy) and 11.3% (yoy), respectively at IDR339.5 billion and IDR12.6 billion, respectively in 2023.
While, the revenue sharing of mudharabah bonds was slightly increased by 2.9% to IDR30.0 billion in 2023.
Information regarding the Company’s interest expenses and financing charges for 2021-2023 is as follows:
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Interest on bond payables 498.9 427.0 339.5 (14.4%) (20.5%)
Interest on borrowings 558.3 257.9 613.6 (53.8%) 137.9%
Interest expenses on lease liabilities 15.4 14.3 12.6 (8.2%) (11.3%)
Amortisation of mudharabah bonds issuance cost 0.9 1.0 0.8 21.9% (21.6%)
Revenue sharing of mudharabah loans - - 15.5 - 100%
Provision and administration expenses on mudharabah loans - - 0.2 - 100%
Revenue sharing of mudharabah bonds 30.4 29.1 30.0 (4.3%) 2.9%
Total 1,103.9 729.3 1,012.2 (33.9%) 38.8%
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Provision for Impairment Losses Expense Other Comprehensive Income and Total
To ensure that the provision for impairment Comprehensive Profit in the Current Year
losses on financing receivables established by The Company makes a calculation of its post
the Company remains adequate, Adira Finance employment benefits, in which the actuarial gain/
consistently conducts regular checks. (loss) that arise from adjustments and changes to
the actuarial assumptions is presented in the profit-
Throughout 2023, Adira Finance booked IDR1.6 and-loss statements and other comprehensive
trillion in provision for impairment losses, up income as an account that is not reclassified into
by 31.2% (yoy) from IDR1.3 trillion in 2022. The the profit-and-loss.
higher provisioning was in line with the increase
in the Company’s financing receivables in 2023 In addition, Adira Finance has derivative
compared to 2022. The management believes that instruments which are used to hedge its exposure
the amount of provision for impairment losses in to interest rate and currency exchange rate risks,
2023 was sufficient to cover any potential losses both of which arise as a consequence of the
arising from uncollectible financing receivables. Company having foreign working capital loan
transactions that are denominated in foreign
Marketing and Other Expenses currencies with/without floating interest rates.
Marketing expenses had declined from IDR653.4
billion in 2022 to IDR611.6 billion in 2023, or by 6.4% Derivative instruments held for risk management
(yoy), while the Company recorded other expenses are measured at fair value in the statement of
amounted to IDR5.2 billion in 2023 compared to financial position. The effective portion of changes
other expenses of IDR37.0 billion in 2022. Overall, in the fair value of derivative-hedging instruments
marketing and other expenses fell by 10.7% (yoy) of cash flows is presented in the statement of
in 2023 from IDR690.4 billion in 2022 to IDR616.8 profit/(loss) and other comprehensive income for
billion. the year is expressed to be reclassified to profit or
losses.
Net Income for the Year
Economic activities continued to grow in 2023. In 2023, Adira Finance’s other comprehensive
Hence, this could helped both the automotive income had declined from Rp87.5 billion in 2022
and financing industries to continue improving to loss other comprehensive by IDR61.2 billion.
their performances post-COVID-19 period. Adira Cumulatively, total comprehensive income for the
Finance’s performance has also benefited as year was up by 11.2% (yoy) in 2023 to IDR1.9 trillion
reflected by the growth in total income. In line from IDR1.7 trillion in 2022.
with this, the Company’s net income for the year
had also increased from IDR1.6 trillion in 2022 to Earnings Per Share
IDR1.9 trillion in 2023, or higher by 21.1% (yoy). As the Company’s net income for the year increased,
the earnings per share had also increased. In 2023,
Adira Finance’s earnings per share had increased
from IDR1,606 per share in 2022 to IDR1,944 per
share.
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CASH FLOW REPORT
Growth (%)
Description
2021 2022 2023
(In IDR Billion)
2021-2022 2022-2023
Cash flows from operating activities 4,066.4 829.4 (4,052.1) (79.6%) (588.6%)
Cash flows from investing activities (67.8) (16.6) (533.5) (75.6%) (3,118.4%)
Cash flows from financing activities (6,588.4) (1,164.0) 4,734.7 (82.3%) (506.8%)
Net increase/(decrease) in cash and cash equivalents (2,589.8) (351.2) 149.1 (86.4%) (142.5%)
Cash and cash equivalents at the beginning of the year 4,227.4 1,637.6 1,286.4 (61.3%) (21.4%)
Cash and cash equivalents at the end of the year 1,637.6 1,286.4 1,435.5 (21.4%) 11.6%
Cash Flow from Operating Activities Cash Flow from Investing Activities
In 2023, Adira Finance had recorded IDR4.1 Throughout 2023, Adira Finance’s net cash used
trillion of net cash used in operating activities, in in investing activities had increased from IDR16.6
contrast to IDR829.4 billion of net cash provided by billion to IDR533.5 billion. The sharp increase was
operating activities in prior year. The turnaround in mainly attributed by the acquisition of investments
the cash flows from operating activities was driven in shares amounting to IDR386.4 billion and an
by significant increases in cash disbursements increase in cash flows used on acquisition of
for financing transactions, insurance premiums, fixed assets by 318.3% to IDR108.6 billion in 2023.
interest and bank provision expenses, as well Acquisition of intangible assets had also increased
as lower net cash receipts from others. Cash from IDR21.8 billion in 2022 to IDR40.4 billion in
disbursements for financing transactions were up 2023, or equivalent to an increase of 85.1% (yoy).
by 33.8% (yoy) from IDR31.4 trillion in 2022 to IDR42.0
trillion in 2023, whereas cash disbursements Cash Flow from Financing Activities
for interest and bank provision expenses had After the Company had used IDR1.2 trillion in its
increased by 131.9% (yoy) from IDR262.2 billion in financing activities in 2022, Adira Finance had
2022 to IDR608.2 billion in 2023. In addition, cash recorded IDR4.7 trillion received from its financing
disbursements for insurance premiums were also activities in 2023. Among two major components
increased by 37.5% (yoy) from IDR1.3 trillion 2022 to of cash flow on financing activities, proceeds from
IDR1.8 trillion in 2023. On the other hand, net cash borrowings were up from IDR9.2 trillion in 2022
received from others was declined by 57.5% (yoy) to IDR21.2 trillion in 2023, or an increase of 129.5%
from IDR669.0 billion in 2022 to IDR284.3 billion in (yoy); while payments of borrowings were up by
2023. 83.3% (yoy) from IDR9.2 trillion to IDR16.9 trillion
during the same period.
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and Analysis Responsibility
OTHER MATERIAL INFORMATION
SOLVENCY also been maintained in 2023. All of these ratings
Adira Finance has managed to maintain its good serve as improving the investors’ confidence on
ability to meet all debt obligations, both in the short Adira Finance and enable the Company to obtain
and long term-which can be measured through better access to funding, both from onshore and
solvency ratios, liquidity ratios and gearing ratios- offshore sources of funding.
even amidst increasing economic uncertainty in
2023. Liquidity Ratio
Adira Finance has calculated its liquidity ratio
In terms of rating, Adira Finance has managed to pursuant to the Financial Services Authority
retain both of its corporate and instrument ratings (OJK) Regulation No. 35/POJK.05/2018 dated 27
at idAAA with stable outlook from national rating December 2018 on the Business Operations of
agency Pefindo. Its international long-term rating Financing Company. The Company’s Current Ratio
from Moody’s Rating Agency at Baa1 with stable as of December 31, 2023 was recorded at 129.3%
outlook has been maintained as well. This rating is compared to December 31, 2022 of 134.4%. The
actually higher than Indonesia’s sovereign rating. Company’s Cash Ratio as of December 31, 2023 was
Also, the Company’s international long-term 12.7%, while on December 31, 2022, it was recorded
rating from Fitch at BBB with stable outlook has at 14.5%.
The following data and tables show the analysis of the Company’s ability to pay its short-term debt:
Description 2021 2022 2023
Current ratio 139.9% 134.4% 129.3%
Cash ratio 18.3% 14.5% 12.7%
Throughout 2023, Adira Finance has maintained sufficient liquidity available to repay all of its financial
obligations and to fund its business needs through receipts of installments from customers and funding
source facilities. The Company has continued to diversify its funding sources through support of joint
financing with its parent company, Bank Danamon, in addition to acquiring external borrowings which
consist of bank loans and bonds.
As of the end of December 2023, joint financing represented 47% of managed receivables. In addition,
total external borrowings as of December 31, 2023 had increased by 52.7% (yoy) to IDR16.1 trillion, consisting
of bank loans (offshore and onshore) and bonds, contributing 58.0% and 42.0%, respectively. On the other
hand, Adira Finance had successfully issued the Continuing Bonds VI Phase I and Continuing Mudharabah
Bonds V Phase I in July 2023, amounting to IDR2.0 trillion, followed by the Continuing Bonds VI Phase II
and Continuing Mudharabah Bonds V Phase II in November for IDR1.55 trillion. Both were oversubscribed,
the former by 2.3x and the latter by 2.6x, which demonstrates Adira Finance’s high credibility in the investor
community.
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Solvency Ratio
Adira Finance continuously evaluates and ensures that the Company has healthy level of solvency. This
can be seen from the good solvency ratio which reflects the Company’s ability to fulfill its short-term and
long-term liabilities obligations. The Company’s liability to equity ratio as of December 31, 2023 stood at
1.8x, higher than 1.5x recorded on December 31, 2022. The ratio of liabilities to total assets as of December
31, 2023 at 0.6x relative stable to the previous year. This asset solvency ratio indicates that only a portion of
assets was financed with liabilities, enabling the Company to maintain its excellent capacity for repaying
its debts.
Description 2021 2022 2023
Asset Solvency (times) 0.6 0.6 0.6
Equity Solvency (times) 1.7 1.5 1.8
Gearing Ratio (times) 1.2 1.0 1.5
Gearing Ratio
The gearing ratio compares the total bank borrowings, bonds payable, and mudharabah bonds, to equity.
The Company has a gearing ratio below the statutory limit of 10 times as stipulated in the OJK Regulation
Number 35/POJK.05/2018 on the Business Operations of Financing Company.
In 2023, Adira Finance had a gearing ratio of 1.5 times, an increase compared to the position in 2022 of 1.0
times. However, the Company has substantial room to expand its business going forward.
Conformity of Financial Assets and Liabilities
Adira Finance continues to monitor its liquidity ratios, solvency ratios, gearing ratios and the conformity of
the maturity of its financial assets and liabilities. This is crucial to ensure that the Company has sufficient
liquidity to meet its short term and long-term obligations.
Management of the Company’s liquidity and assets-and-liabilities is carried out under the coordination
of the Asset and Liability Committee (ALCO) to ensure that the Company’s diversification strategy can be
carefully managed, liquidity risks are soundly mitigated, which will optimum returns are achieved. The
ALCO Committee holds monthly meetings with the relevant business units to ensure a liquidity position at
the expected level. This is consistent with the Company’s policy to maintain sufficient financial resources
to meet maturing obligations and run its business.
In terms of managing liquidity risk, the ALCO Committee monitors the condition and situation of liquidity
and takes mitigation actions if necessary. The effectiveness of this committee is seen from the proper
management over the gap between assets and liquidity.
The table of maturity of the Company’s financial assets and liabilities for 2021-2023 is as follows:
2021 2022 2023
Description
(In IDR Billion)
≤1 Year ≥1 Year ≤ 1 Year ≥1 Year ≤ 1 Year ≥ 1 Year
Financial Assets 17,149.8 13,761.7 17,461.3 16,277.1 21,106.3 20,045.6
Financial Liabilities 7,698.1 4,558.1 7,300.3 4,701.4 10,508.6 7,648.6
Maturity gap 9,451.7 9,203.6 10,161.0 11,575.7 10,597.7 12,397.0
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Analysis of Other Relevant Ratios
Adira Finance constantly met the financial ratios overseen by the regulator even as the Company carried out
sustainable financing expansion. This expansion was to take advantage of the momentum of improvement
in national automotive sales when the Indonesian economy began to show signs of improving outlook.
Adira Finance continued to run its business activities in the financing industry in accordance with the
prudential principle and compliance with applicable laws and regulations.
The comparison of the financial ratios of the financing industry performance in 2021-2023 and Adira
Finance in 2023 is as follows:
Financing Industry ADMF
Financing Industry
2021 2022 2023 2023
FAR 84.1% 85.2% 85.2% 89.2%
GR (x) 2.0x 2.1x 2.3x 1.5x
MSMD 272.1% 302.2% 315.0% 11,112.0%
NPF 3.5% 2.3% 2.4% 1.9%
ROA 4.5% 5.7% 5.6% 8.6%
ROE 11.4% 14.4% 15.0% 18.7%
BOPO 80.6% 75.6% 76.9% 74.6%
Note: OJK and the Company
RECEIVABLES COLLECTABILITY
In its roadmap on business strategic direction, Adira Finance stated that it will continue to manage its asset
quality in order to keep the Non-Performing Financing (NPF) ratio under control by applying prudent risk
management principles. This has been highly relevant amidst the expansion of the Company’s financing
receivables, while at the same time the economic growth faced with various global challenges.
Adira Finance classifies the collectibility of its receivables based on the number of days overdue. The table
for analysis of financing receivables tenor that are managed (gross) for the period of 2021-2023 is as follows:
Description
2021 2022 2023
(In IDR Billion)
No past due 40,738.2 46,927.7 57,719.5
Overdue 1-90 days 10,098.9 9,873.9 13,435.4
Overdue > 90 days 1,024.4 798.6 1,244.4
Total financing receivables – gross 51,861.5 57,600.2 72,399.3
% Total overdue to total financing receivables – gross 21.4% 18.5% 20.3%
In the last three years, the ratio of total overdue financing to total financing receivables were at 21.4% (2021);
18.5% (2022); and 20.3% (2023), respectively. The increase in the ratio of overdue financing receivables was
in line with the increase in the number of financing receivables in 2023 amidst the recovery in household
consumption which is slightly hampered by the high cost of living. However, the Company continues to
implement prudent risk management principles adopted by Adira Finance aimed at controlling credit risk
so that it can be maintained at manageable level.
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The quality of consumer financing can be seen CAPITAL STRUCTURE
from the non performing financing (NPF) assessed
from over 90 days in overdue. Throughout 2023, the Details on Capital Structure
Company has succeeded in maintaining the NPF The objective of Capital Management is to
(the principal of managed financing receivable of protect the Company’s ability to maintain its
active contracts) below 2.0% by applying prudent business continuity, allowing it to continue to
risk-management principles to manage its asset provide returns to shareholders. The Company is
quality. During the past three years, the Company’s committed to delivering a return on investment
NPF (including the joint financing portion) were at to its shareholders in the form of cash dividends.
2.3% (2021); 1.7% (2022); and 1.9% (2023). Since the Initial Public Offering, the Company
has consistently distributed dividends to its
Adira Finance also monitors financing receivables shareholders every year and has determined the
in the non-performing financing category which minimum dividend policy of 20% from current
consists of sub-standard, doubtful and loss year net income while continuing to consider the
financing, pursuant to the OJK Regulation No.35/ Company’s funding needs in the following year
POJK.05/2018. The regulation stipulates that and the dividend policy of PT Bank Danamon
the non-performing financing (excluding joint Indonesia Tbk as the controlling shareholder.
financing portion) net of allowance for impairment
losses must not exceed 5%. The Company’s net Based on the Financial Services Authority
NPF ratios in 2021, 2022, and 2023 were at 0.55%; Regulation Number 35/POJK.05/2018 dated
0.04%; and 0.49%, respectively. December 27, 2018 on the Business Operations of
Financing Company, the details of the Company’s
capital ratio and profitability in the 2021-2023
period are as follows:
Description 2021 2022 2023
Capital Ratio* 47.3% 50.7% 45.0%
Rentability Ratio*
- Return on Assets (ROA) 6.3% 8.6% 8.6%
- Return on Equity (ROE) 14.7% 17.4% 18.7%
- Net Interest Margin (NIM) 26.3% 28.7% 26.0%
*) Ratios in accordance with the Financial Services Authority (OJK) regulation
Whereas the Company’s capital structure based on asset composition is as follows:
Description 2021*) 2022 2023
Liabilities 62.3% 59.7% 64.2%
Borrowings 20.9% 20.4% 30.0%
Bonds payable - net 23.5% 20.1% 19.0%
Mudharabah bonds 1.7% 1.8% 2.8%
Other liabilities 16.2% 17.5% 12.4%
Equity-net 37.7% 40.3% 35.8%
Asset 100.0% 100.0% 100.0%
*) The comparative information has been restated as a result of the change in accounting policy in Audited Financial Statement for the years ending
on December 31, 2022
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Management Policy on Capital Structure The Company’s capital ratios in 2021, 2022, and
As stipulated in its Articles of Association, the 2023, were 47.3%, 50.7%, and 45.0%, respectively.
Company’s authorized capital amounts to The appropriation of net income for the year under
IDR400.0 billion, consisting of 4 billion shares review included an appropriation for reserves
with a nominal value of IDR100 per share. From requirements, dividend payout, and other uses
this authorized capital, 1 billion shares have been as resolved by shareholders in the GMS where
issued by the shareholders, thus the Company’s the Company achieves a positive net income. The
issued capital amounts to IDR100.0 billion. Articles of Association states that the portion of
net income for reserves requirements (minimum
In managing capital, the Company conducts 20% of the authorized capital) is appropriated to
monthly analysis to ensure that the Company cover any losses incurred by the Company.
complies with the Financial Service Authority
Regulation No. 47/POJK.05/2020 dated 17 Details of the Company’s capital for 2021, 2022,
November 2020 regarding Business Licensing and 2023 have been disclosed in this same section
and Institutional Financing Companies and Sharia under the heading, Equity, in this Annual Report.
Financing Companies and Financial Service
Authority Regulation No. 35/POJK.05/2018 dated 27 MATERIAL COMMITMENTS TO CAPITAL
December 2018 regarding Business Operations of EXPENDITURE
Financing Company which have some provisions In 2023, Adira Finance had no material
as follows: commitments to capital expenditures; therefore,
1. The Company’s capital ratio minimum 10%, explanations that relate to: Name of party making
2. The amount of the Company’s loan to equity the commitments; commitment objectives; source
and subordinated loan deducted by investment of funds; currency; and measures of currency risk
is maximum 10 times, both for foreign and protection are not presented in this section.
domestic loans.
REALIZATION OF CAPITAL GOODS
The Company has calculated the capital ratio and INVESTMENT FOR THE LAST FISCAL YEAR
profitability ratios, including return on assets, In 2021, 2022 and 2023, the Company’s capital
return on equity, and net interest margin. expenditure amounted to IDR70.2 billion, IDR47.8
billion and IDR149.0 billion, respectively. The
Basis for Selection of the Management purpose of the capital expenditure was mainly
Policy on Capital Structure used to develop services, business networks, and
Financial Service Authority Regulation No. 35/ information technology infrastructure, with the
POJK.05/2018 dated December 27, 2018 regarding objective of supporting the Company’s business
Business Operations of Financing Company growth and business transformation.
regulates the capital ratio, of which finance
companies are required to fulfil this ratio at the The capital investment focuses on developments
minimum of 10%. The capital ratio is a comparison related to information technology in line with the
of adjusted capital to adjusted assets. Company’s strategy to develop its digital business
transformation. The details of capital goods
investment during 2021-2023 based on cash flow
are as follows:
Description
2021 2022 2023
(In IDR Billion)
Fixed sssets 27.2 26.0 108.6
Software and software under development 43.0 21.8 40.4
Total capital expenditure 70.2 47.8 149.0
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MATERIAL FACTS AND INFORMATION SUBSEQUENT TO ACCOUNTANT’S REPORT DATE
Adira Finance did not have any material facts and information subsequent to the accountant’s report
date that could impact the performance and business risk of the Company. Therefore, material facts and
information as well as its impacts on the performance and business risks are not presented in this section.
COMMITMENT AND CONTINGENCY
Commitment
The Company has agreement as follows:
Counter Party Item Rented Period of Agreement
PT Permata Birama Sakti Head office in Jakarta September 16, 2019 – September 15, 2029
PT DCI Indonesia Data center in Jakarta October 7, 2023 – October 6, 2024
PT Telekomunikasi Indonesia Tbk Data center in Surabaya April 29, 2022 – April 28, 2025
The Company recognized rental commitment above as lease liabilities.
Maturity analysis of lease liabilities as of December 31, 2021, 2022, and 2023 were as follows:
Description
2021 2022 2023
(In IDR Billion)
<1 year 16.6 17.8 20.0
1-5 years 84.2 100.8 110.6
>5 years 80.1 50.1 17.4
Total 180.9 168.7 148.0
Contigencies
The Company did not have significant contingencies as of December 31, 2021, 2022 and 2023.
COMPARISON OF 2023 TARGET AND REALIZATION
The Company’s achievements in comparing targets and realizations noted that Adira Finance was able to
maintain a good performance in compared to the previous year. As a result, Adira Finance closed 2023 by
achieving the following main performance targets:
Description Unit Target 2023 2023 Realization
Marketing and Operations
New financing Trillion IDR 38.0 41.6
Managed receivables* Trillion IDR 51.2 55.7
Motorcycle financing Trillion IDR 12.7 15.7
Car financing Trillion IDR 15.3 17.9
Non Automotive financing Trillion IDR 10.0 8.0
Financial
Income Trillion IDR 9.2 9.5
Income fo the year Trillion IDR 1.5 1.9
Other Performance
NPF (including joint financing portion) (%) ±2.0% 1.9%
Gearing ratio (X) Maximum of 10 times 1.5
Dividend payout ratio (%) Minimum of 20% from net income for the year 50%
New car market share (%) 4.7% 5.0%
New motorcycle market share (%) 9.0% 9.7%
Human resources/employees Persons Aligned with business needs 17,243
*) Financing receivables include financing interest receivables and transaction expenses that had not been amortised
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2024 OUTLOOK
In 2024, the outlook for operational, financial, and certain other posts based on historical figures, estimates
on macro-economic conditions, and Company strategies are as follows:
Description 2024 Outlook
Marketing and Operational
Outlook new financing 10%-12%
Outlook managed receivables 10%-12%
Outlook motorcycle financing 8%-12%
Outlook car financing 6%-10%
Outlook non automotive financing 20%-22%
Financials
Income outlook Refer to growth of managed receivables
Income for the year outlook Refers to growth of managed receivables, cost of fund, and operational expense
Other Performances
NPF outlook (including joint financing ±2.5%
portion)
Gearing ratio outlook Maintain below the regulatory limit (10 times)
Dividends payout ratio outlook At least 20% of previous year’s net income
Market share of new cars outlook ±5%
Market share of new motorcycles outlook ±10%
Human resources/employees Aligned with business needs
DIVIDEND POLICY
Adira Finance determines its dividend policy pursuant to Law Number 40 of 2007 on Limited Liability
Companies. With reference to the law, the Company’s cash dividend distribution policy is as follows:
1. All Company shares that have been fully paid-up, including shares offered during the Initial Public
Offering on 31 March 2004, are similar and equal in all respects, including the rights over their cash
dividends;
2. In accordance with the Company’s Articles of Association, dividend payments must be approved by the
GMS by considering the Company’s financial position and financial soundness; and
3. By considering the Company’s net income, current year liquidity, and without reducing the rights of
the GMS to make resolutions based on the Company’s Articles of Association, the Management would
pay-out cash dividends amounting to a minimum of 20% of the Company’s net income.
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Adira Finance implements a dividend pay-out policy by distributing cash dividends amounting to a
minimum of 20% of net income. In 2023, Adira Finance distributed dividends to all shareholders through
the General Meeting of Shareholders, as detailed below:
Description 2021 2022 2023
Number of Shareholders 5,272 4,849 4,873
Authorized Capital
Number of Shares 4,000,000.000 4,000,000.000 4,000,000.000
Nominal Value (in IDR Million) 400,000 400,000 400,000
Issued and Fully Paid Capital
Total Outstanding Shares 1,000,000.000 1,000,000.000 1,000,000.000
Nominal Value (in IDR Million) 100,000 100,000 100,000
Unissued Shares
Total Shares 3,000,000.000 3,000,000.000 3,000,000.000
Nominal Value (in IDR Million) 300,000 300,000 300,000
Cash Dividend
Net Income in Prior Year (In IDR Million) 513,000 607,000 803,000
Earnings Per Share (IDR) 1,026 1,213 1,606
Cash Dividend per Share (IDR) 513 607 803
Percentage of Cash Dividends to Net Income in Prior Year 50% 50% 50%
Cash Dividends Growth (51.4%) 18.3% 32.3%
Date of GMS 30-Jun-21 30-Mar-22 4-Apr-23
Dividend Announcement Date 30-Jun-21 30-Mar-22 4-Apr-23
Dividend distribution date 30-Jul-21 29-Apr-22 4-May-23
EMPLOYEE AND/OR MANAGEMENT SHARE OWNERSHIP PROGRAM
Until December 31, 2023, Adira Finance had not provided either an Employee Share Ownership Plan (ESOP)
or Management Share Ownership Plan (MSOP). The Company therefore does not present information
related to the number of ESOP or MSOP shares and their realization; time period; the requirements of
employees and or management who are entitled; and exercise price.
REALIZATION OF PROCEEDS FROM PUBLIC OFFERING
Adira Finance has submitted reports on the use of proceeds from a Public Offering to comply with
Financial Services Authority Regulation Number 30/POJK.04/2015 on Obligation to Submit Reports on the
Use of Proceeds from Public Offerings, with detailed information as follows:
Realized Amount of Public Offering Outstanding
Effective (In Rp Billion) Amount Letter Number and
Type of Public Offering
Date Total Offering Net from Public Reporting Date
Proceeds Cost Amount Offering
Adira Finance Continuing 27 – Jun-23 1,700.0 7.0 1,693.0 - 139/ADMF/CS/VII/23 – 28
Bonds VI Phase I July 2023
Adira Finance Continuing 27 – Jun-23 300.0 1.4 298.6 - 140/ADMF/CS/VII/23 – 28
Mudharabah Bonds V July 2023
Phase I
Adira Finance Continuing 27 – Jun-23 1,250.0 3.8 1,246.1 - 211/ADMF/CS/XII/23 – 8
Bonds VI Phase II December 2023
Adira Finance Continuing 27 – Jun-23 300.0 1.1 298.9 - 212/ADMF/CS/XII/23 – 8
Mudharabah Bonds V December 2023
Phase II
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As disclosed in the prospectus issued for the i. has control or joint control over the reporting
purpose of the Public Offering mentioned above, entity;
all proceeds from the Public Offering would be ii. has significant influence over the reporting
utilized for vehicle financing as the Company’s entity; or
main business activity. As a result, as of the end iii. is member of the key management
of 2023, the remaining unused amount was personnel of the reporting entity or of a
nil. Furthermore, there were no changes to the parent of the reporting entity.
utilization of proceeds from the public offering.
b) An entity is related to a reporting entity if any of
MATERIAL TRANSACTIONS FOR the following conditions applies:
INVESTMENTS, EXPANSION, i. The entity and the reporting entity are
DIVESTMENTS, BUSINESS MERGERS members of the same group (which means
OR ACQUISITIONS, AND DEBT/CAPITAL that each parent, subsidiary and fellow
RESTRUCTURINGS subsidiary is related to the others);
During 2023, Adira Finance did not undertake any ii. One entity is an associate or joint venture
material transactions for expansion, divestments, of the other entity (or an associate or joint
business mergers, acquisitions, and debt or capital venture of member of a company of which
restructurings. the other entity is a member);
iii. Both entities are joint ventures of the same
On 2 October 2023, the Company invested in third party;
PT Home Credit Indonesia ("HCI") with purchase iv. One entity is a joint venture of a third entity
price of EUR23,163,839 (full amount) or equivalent and the other entity is an associate of the
to IDR380 billion which represents 9.83% the third entity;
issued and paid up capital of HCI. v. The entity is a post-employment benefit
plan for the benefit of employees of either
As of 31 December 2023, the carrying value of the reporting entity or an entity related to
investment in shares on PT Home Credit Indonesia the reporting entity;
amounting to IDR386.4 billion. This transaction has vi. The entity controlled or jointly controlled by
no impact on operational, legal and sustainable a person identified in (a);
business activities, and does not have a significant vii. A person identified in (a) (i) has significant
impact on Adira Finance's financial condition. influence over the entity or is a member
of the key management personnel of the
TRANSACTIONS WITH CONFLICTS OF entity (or of a parent of the entity);
INTEREST AND TRANSACTIONS WITH viii. An entity, or any member of a group of which
AFFILIATED OR RELATED PARTIES it is a part, that provides key management
personnel services to the reporting entity or
Material Transactions with Conflicts of it is parent.
Interests
Throughout 2023, Adira Finance did not undertake Fairness, Review Mechanism Policy, and
any transaction that contained an element of a Regulation Fulfilment of Transactions
conflict-of interest. with Affiliated or Related Parties
In terms of transactions with related parties, Adira
Transactions with Affiliated/Related Finance undertakes transactions appropriately
Parties with various related parties under the same
Adira Finance has transactions with related control. The management in its business activities,
parties. The definition of related parties used is policies and transaction conditions have been
in accordance with the SFAS 7 “Related Party mutually agreed and have been carried out on
Disclosures”, the meaning of related party is a all transactions with related parties. Transactions
person or entity that is related to a reporting entity carried out by the Company have complied
as follow: with Capital Market and Financial Institution
a) A person or a close member of that person’s Supervisory Agency Regulation IX.E.1 on “Affiliated
family is related to a reporting entity if that Transactions and Conflicts of Interest in Certain
person: Transactions,” at the time the transactions are
carried out.
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In the event that there is a transaction involving an affiliated relationship, the Board of Directors of Adira
Finance ensures that the affiliated transaction has gone through adequate procedures to ensure that
the affiliated transaction is carried out in accordance with generally accepted business practices, among
others, by complying with the arms-length principle. In the event that there is a transaction that contains
an affiliated relationship, Adira Finance involves 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 accordance with generally accepted business practices, among others, by complying with the arms-
length principle.
Objectives and Reasons for Related Transactions
Transactions with related parties conducted primarily for the benefit and sustainability of the Company’s
business related to the lending and borrowing of funds in the normal course of business.
Value of Related Party Transactions
More detailed information on the balance of transactions with related parties is presented in Note 36 of the
Notes to the Financial Statements in this Annual Report. Meanwhile, transactions with related parties that
are still on-going as of December 31, 2023 are as follows:
Amount of
Transaction
Item in Statement of Financial Transaction
Related Party Nature of Relationship Amount
Position/Nature of Transaction to Total Assets
(In IDR Million)
or Liabilities
PT Bank Danamon Parent Company Joint financing Accounted for in N/A
Indonesia Tbk the financial
statements of
Bank Danamon
Indonesia
Cash in bank 736,987 2.4%
Borrowings 992,083 5.0%
Bonds payable 49,650 0.2%
Other payables 29,193 0.1%
Accrued expenses 2,590 0.0%
PT Zurich Asuransi Associated Entity of PT Other payables 719,170 3.6%
Indonesia Tbk Bank Danamon Indonesia
Tbk Other receivables 39,177 0.1%
Prepaid expenses 38,904 0.1%
Accrued expenses 39,874 0.2%
Bonds payable 110,000 0.6%
PT Home Credit Owned by the controlling Investment in shares 386,360 1.2%
Indonesia shareholder of parent
company through Bank of
Ayudhya Public Company
Limited
MUFG Bank, Ltd The controlling Cash in banks 30 0.0%
shareholder of parent
company Borrowings 1,389,348 7.0%
Accrued expenses 10,657 0.1%
PT Zurich General Owned by associate entity Other payables 43,400 0.2%
Tafakul Indonesia of PT Bank Danamon
Indonesia Tbk Other receivables 13,842 0.0%
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CHANGES TO LAWS AND REGULATIONS WITH A SIGNIFICANT IMPACT ON THE
COMPANY [FS1][GRI 2-27]
In 2023, changes in the prevailing laws and regulations that may have a significant impact on the Company
are as follows:
The main points of the new regulations or Impact on
No Regulations
significant changes to the previous regulations PT Adira Dinamika Multi Finance Tbk
1 POJK No 8/2023 1. Financing Companies are obliged to implement 1. Adira Finance is obliged to align
regarding to The prevention in Funding the Proliferation of internal policies regarding TPPU
Application Of Anti- Weapons of Mass Destruction (PPSPM) TPPT PPSPM in accordance with
Money Laundering 2. Financing companies are required to carry these provisions.
And Prevention out a TPPU TPPT PPSPM risk assessment of 2. Adira Finance is obliged to carry
Of Terrorism And customers, country/geography, products, services, out an annual TPPU TPPT risk
Proliferation Of transactions or distribution networks and submit assessment.
Weapons Of Mass the risk assessment document, namely the 3. Adira Finance is obliged to submit
Destruction Funding Individual Risk Assessment (IRA) to the Financial an Individual Risk Assessment (IRA)
Programs Within Services Authority every year. Report to the Financial Services
The Financial Service 3. inancing companies that use the services of Authority in accordance with this
Sector supporting professionals are obliged to ensure provision.
that supporting professionals implement the APU,
PPT and PPPSPM programs and are registered in
the APU, PPT and PPPSPM reporting information
system managed by the Financial Transaction
Reports and Analysis Center.
4. Members of the Financial Conglomerate are
required to implement the APU PPT PPPSPM
standard, where the main entity must be
responsible for ensuring its implementation
among members of the Financial Conglomerate.
5. Financing companies are required to align internal
policies with these provisions and update internal
policies at least 1 (one) time in 1 (year) which is
submitted to the Financial Services Authority.
2 POJK No.9 of 2023 1. Financing Companies are required to limit the use 1. Adira Finance is obliged to monitor
concerning the Use of audited historical financial information from the the use of Public Accountants.
of Public Accounting same Public Accountant (AP) for a cumulative 7 2. Adira Finance is obliged to submit
Services and Public (seven) years, with a waiting period as regulated in reports related to AP KAP through
Accounting Firms this provision. APOLO.
in Financial Services 2. he Financing Company asks the Public Accounting
Activities. Firm (KAP) to carry out and provide the results
of a self-assessment regarding compliance with
restrictions on the use of audit services and the
waiting period, before the Financing Company
submits the AP/KAP appointment report to the
Financial Services Authority.
3. Changes to the submission of reports related to
AP KAP which are carried out no later than 10 (ten)
working days after the work agreement between
the Financing Company and KAP through the
Financial Services Authority (APOLO) reporting
system.
3 POJK 22 of 2023 1. Financing Companies are required to implement 1. Adira Finance is obliged to
concerning Consumer Personal Data Protection and ensure information implement Personal Data
& Public Protection in system security and cyber resilience. Protection and information security
the Financial Services 2. Financing Companies are obliged to ensure that and cyber resilience.
Sector credit or financing collections from Consumers 2. Adira Finance is obliged to adjust
are carried out in accordance with the norms internal regulations and supporting
applicable in society and the provisions of laws and documents according to these
regulations as well as these provisions. provisions.
3. Financing Companies are obliged to resolve 3. Adira Finance is obliged to submit
consumer complaints in accordance with the time consumer complaint service reports
limits set out in this provision. as regulated in this provision.
4. The financing company is obliged to make
adjustments to the standard agreement.
5. Financing Companies are prohibited from
carrying out actions, including but not limited to
actions in marketing or billing activities, which
violate the provisions of laws and regulations or
norms in society which can cause physical and/
or psychological disturbances to prospective
Consumers and/or Consumers.
6. Financing companies are required to submit
consumer complaint service reports semi-annually
to the Financial Services Authority.
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CHANGES IN ACCOUNTING PRINCIPLES
Financial Accounting Standards Board of Indonesian Institute of Accountant (DSAK) and Sharia Accounting
Standards Board (DSAS) have issued the following new standards, amendments and interpretations which
are effective as at 1 January 2023, as stated in the Notes to the Audited Financial Statements in this Annual
Report.
The implementation of the above standards did not result in changes to the Company’s accounting
policies and had no impact on the amounts reported for current year or prior year, as follows:
Accounting Standard Summary of Changes Reason for the Changes Impact on the Company
Amendment to SFAS This amendment requires the Clarifies how an entity No impact to the Company
1 "Presentation of company to classify any liability as a classifies their debt and/or until December 31, 2023.
Financial Statement: non-current liability if the company other financial liabilities as
classification of have the right to defer settlement current or non-current in
liabilities as current or their liability for at least 12 months particular circumstances.
non-current” after the reporting period.
Amendment to SFAS This amendment requires the Clarifies immaterial No impact to the Company
1 "Presentation of company to disclose their material accounting policy until December 31, 2023.
Financial Statement: accounting policy information rather information need not be
disclosure of than their significant accounting disclosed.
accounting policies” policies.
Amendment to SFAS This amendment requires the Clarifies the treatment on No impact to the Company
16 “Property, Plant and proceeds received from selling output proceeds from selling items until December 31, 2023.
Equipment: proceeds produced before the asset is ready for produced by property, plant,
before intended use" its intended use to be recognised as and equipment before it
income in profit or loss. is available for its intended
use.
Amendment to This amendment provides a new Clarifies how companies No impact to the Company
SFAS 25 “Accounting definition of "accounting estimate" should distinguish changes until December 31, 2023.
Policy, Changes in and the explanation. in accounting policies from
Accounting Estimate, changes in accounting
and Errors: definition of estimates.
accounting estimates”
Amendment to SFAS This amendment requires companies Eliminates differences No material impact to the
46 "Income Taxes: to recognise deferred tax on practice regarding these or Company until December
deferred tax related to particular transactions that, on initial similar transactions. 31, 2023.
assets and liabilities recognition, give rise to equal amounts
arising from a single of taxable and deductible temporary
transaction” differences.
Amendment to SFAS This amendment regulates accounting Introduces revenue No impact to the Company
107 "Ijarah Accounting" for ijarah contracts which currently recognition of direct and until December 31, 2023.
widely used in financing provided by indirect ijarah service
sharia banks and other sharia financial income.
institutions.
COMPLIANCE WITH TAX PAYMENTS
Adira Finance as a public-listed company that is engaged in business activities in Indonesia contributes
to the nation through the fulfilment of its obligation as a taxpayer and tax collector. Adira Finance’s
compliance with the obligation to tax payment in the last three years is as follows:
Description
2021 2022 2023
(In IDR Million)
VAT 61,807 71,180 89,233
Income Tax 262,075 394,805 315,380
Corporate Income Tax 337,764 544,156 469,261
Other Taxes 39,702 28,311 29,297
Total 701,348 1,038,452 903,171
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With an innovative approach based
on sustainable principles and values,
Adira Finance has achieved remarkable
Economic performance
commitment
that
to
reflects
responsible
a deep
and
Performance
sustainable business practices.
It is undeniable that one of the supporting
factors for the improvement in Adira
Finance's economic performance is the
increasingly massive development of
the automotive industry in Indonesia.
The continuously improving However, the ability to adapt quickly is key
economic performance is for Adira Finance to effectively leverage
this momentum and position itself to
evidence of Adira Finance’s support growth within the industry.
commitment to driving
As one of the leading players in the
growth and financial inclusion
automotive financing industry in the
in Indonesia, in line with country, Adira Finance continues to play
sustainable values. an active role in supporting consumers
and business partners to create
sustainable growth opportunities. The
positive performance achieved by Adira
Finance is evident through the annual
increase in new financing. The company
has successfully developed its financing
portfolio, provided better services to
customers, and met various financing
needs across different economic sectors.
This is tangible evidence that Adira
Finance has positioned itself as a strong
pillar supporting economic growth.
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On the other hand, Adira Finance also Adira Finance has also diversified its sources of
demonstrates positive economic achievements funding through sustainable support from Joint
through a relatively stable operational cost burden. Financing. This is a smart step that enables the
This reflects efficiency in resource management company to mitigate financial risks and ensure
that leads to sustainable growth. With a focus on access to the necessary resources to support
tight cost control, the company has been able to operational activities sustainably.
allocate resources wisely to achieve sustainability
goals as well as profitability.
Economic Value of Year
2021 2022 2023
(In Billion Rupiah)
Economic value generated [GRI 201-1]
Income 8,653.1 8,340.4 9,507.9
Economic Value Distributed
Operating Expenses 1,643.5 1,320.9 1,338.9
Employee Expenses 2,101.9 2,304.4 2,419.7
Dividends 513 607 803
Contribution to the government (Tax, Contribution, etc.) 701.3 1,038.5 903.2
Social Investment (CSR costs) 12.2 16.8 8.2
Total Economic Value Distributed 4,968.9 5,287.6 5,473.0
Economic Value Retained 3,684.2 3,052.2 4,034.9
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Transformation Towards Sustainable Mobility
Adira Finance has been actively supporting In addition to these measures, Adira Finance
the development of the electrification era in has allocated a large subsidy of Rp12 million per
Indonesia. Through an innovative program at unit to support the growth of electric vehicles
IIMS 2023, Adira Finance succeeded in increasing in Indonesia. This move is in line with the
public interest in electric vehicles by offering company's focus on electric vehicle financing
affordable down payments and attractive since November 2022. With significant
incentives for consumers who want to switch. financing growth in 2022, Adira Finance is
In addition, partnerships with automotive strongly committed to accelerating the growth
communities such as FK30 reinforced Adira of the electric vehicle market by supporting
Finance's commitment to providing financial the government's electrification program. In
solutions that suit consumers' needs, including addition, as an Official Multifinance Partner IIMS
waterless car wash facilities and free AC checks. 2023, Adira Finance also strengthens its role in
Adira Finance also provided 10,000 Adirapoin supporting the development of electric vehicles
cashback through the Adiraku application as a in Indonesia.
token of appreciation to loyal customers.
Adira Finance continues to achieve positive electricity financing
performance in 2023 with an achievement of IDR 189 billion
Adira Finance continues its commitment to Furthermore, overall Adira Finance managed
support the growth of battery-based vehicles in to keep its consolidated NPF rate at 1.9% and
Indonesia through 2023. maintained good credit ratings from rating
agencies such as Moody's and Fitch Rating in
Positive developments in the electric vehicle 2023. With positive economic growth and stable
market have driven Adira Finance's achievement inflation trends, Adira Finance is optimistic
of Rp189 billion in electric vehicle financing until that it will continue to experience positive
December 2023. Electric motorcycle and car business growth. In addition, Adira Finance
financing respectively contributed 35% and 65% also ran various activities, including Adira
of the Company's total electricity financing. Festival, to strengthen collaboration with their
stakeholders.
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Adira Finance Drives Electric Vehicles Growth with Down
Payment Subsidies and E.V. Expo
Adira Finance recently organized Indonesia's electric vehicles as an environmentally friendly
first Sobat Expo Special Electric Vehicle (EV), held alternative future. In addition, the company
at Rita SuperMall Purwokerto. The exhibition not collaborates with the government to maintain
only showcased various types of electric vehicles, environmental sustainability. With potential
but also offered a down payment subsidy of government support and subsidies of up to Rp7
Rp2.5 million to consumers who purchased million for electric vehicle businesses, it is hoped
electric motors. This is one of Adira Finance's that the adoption of these environmentally
commitments to support sustainability. With friendly vehicles can be accelerated, making
this step, Adira Finance contributes to reducing them a top choice for people who care about
carbon emissions and supports the use of the environment.
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MACROECONOMIC 2024
The world economy is expected to remain
under pressure in 2024, at least in the first
Business Prospect half of the year, as the lingering effects of
various variables from 2023 persist. These
include elevated consumer prices, tight
monetary policy, geopolitical tensions,
and worsening global climate. Into the
second half, however, central banks, led
by the U.S. Federal Reserve, may start to
trim their interest rates. Lower rates will
significantly boost household spending
High interest rates and the and thus help the economy expand in the
prices of essential goods for second half of 2024.
the public still overshadow Meanwhile, in Indonesia, as the inflation
the economic growth rate has re-entered Bank Indonesia’s
target range, interest rates are potentially
prospects in the first semester
set to be lowered in 2024. Additionally,
of 2024. Nevertheless, the the general election in the first quarter
inflation rate is expected of 2024 can stimulate household
consumption and government spending.
to decrease; therefore, it
is anticipated that in the Based on the 2024 State Budget (APBN),
second semester of 2024, the the Indonesian economy is projected to
grow by 5.2% (yoy) in 2024, slightly higher
central bank (BI) will lower than the economic growth projection for
the benchmark interest rates. 2023, which stands at 5.0% (yoy). Inflation
is expected at 2.8% (yoy), which is within
Consequently, as interest the target range of Bank Indonesia,
rates turn lower, the economic while the exchange rate of the Rupiah is
outlook will improve, projected to remain stable at IDR15,000
per US dollar.
especially for the automotive
and financing industries. Other macroeconomic assumptions
related to the 2024 State Budget include
In addition, the general
a 10-year Government Bond (SUN)
election will also help boost interest rate of 6.7%, a projected price
household and Government of Indonesian crude oil at US$82 per
barrel, and crude oil and gas lifting at
spending through increases 635 thousand barrels per day and 1.03
in economic activities. Overall, million barrels of oil equivalent per day,
the global and domestic respectively.
economies are still expected
to grow in 2024.
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State Revenue is projected to be at IDR2,802.3 Government Spending worth IDR2,467.5 trillion
trillion, which consists of Tax Revenue worth and Regional Government Spending worth
IDR2,309.9 trillion and Non-Tax Revenue worth IDR857.6 trillion. Nominally, the Budget Deficit will
IDR492 trillion. State Spending is projected to be be IDR522.8 trillion, or 2.29% of GDP and will be
at IDR3,325.1 trillion, which is allocated as Central financed through debt.
The following are the base assumptions of macroeconomic variables set in the State Budget for 2024:
National Budget National Budget
Indicator
Draft 2024 2024
Economic Growth (%, yoy) 5.3 5.3
Inflation Rate (%, yoy) 3.3 3.6
Exchange Rate (IDR/US$) 14,750 14,800
SUN 10-year Yield (%) 7.9 7.9
Indonesia’s Crude Oil Prices (US$/barel) 90 90
Crude Oil Lifting (thousand barrel per day) 660 660
Natural Gas Lifting (million barrel equivalent per day) 1,050 1,100
Source: Indonesia Ministry of Finance
AUTOMOTIVE AND FINANCING INDUSTRY
Based on data from Gaikindo, car sales decreased by 4% in 2023 to 1 million units. Meanwhile, based on
data from AISI, domestic sales of motorcycles increased in 2023 to 6.2 million units from 5.2 million units in
2022. Car sales dropped due to a slowdown in the automotive market in the second half of 2023 as a result
of high-interest rates, slowing economic growth.
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On the other hand, sales of electric vehicles (EVs) for • Increase customer retention by offering loyalty
both two-wheelers and four-wheelers significantly and referral programs, as well as conducting
increased in 2023, both EVs and hybrid EVs. This cross-selling based on needs to existing
increase aligns with the government issuing tax consumers. Thus providing a better customer
incentives for EV sales. In 2024, the increase in experience to support the growth of the
interest in the use of EV is predicted will continue, Company’s financing
especially if the government continues to enforce • Accelerate digitalization within the Company
tax incentives. and its ecosystem to improve business efficiency
and effectiveness such as performing digital/
As inflation and interest rates are projected to automation processes and investing in digital
decrease, demand for cars and motorcycles is platform (Adiraku, momobil.id, momotor.id,
also predicted to increase. In addition, increased dicicilaja.co.id and etc).
economic activities due to general elections will • The Company will continue to manage its asset
also positively impact the automotive industry. quality to keep the NPL ratio under control by
Gaikindo forecasts car sales to reach 1.1 million, applying prudent risk-management principles.
while AISI forecasts sales of motorcycles will reach • Secure and manage sufficient liquidity to fund
6.2 million to 6.5 million units. business requirement and to meet all financial
obligations.
In line with the automotive industry, the financing
industry is also expected to improve in 2024, POTENTIAL MATTERS IMPACTING
particularly after Bank Indonesia starts to lower its BUSINESS SUSTAINABILITY
interest rate. APPI projects that the growth of the Adira Finance does not record any factors that
multifinance industry will remain positive in 2024, could significantly affect the Company’s business
with financing growth ranging between 12% and continuity in the long term in the financing
13% (yoy), supported by the growth of investment industry. Following the end of the COVID-19
financing, multipurpose financing, and working pandemic, various new challenges have emerged,
capital financing. such as elevated consumer prices, high interest
rates, slower economic growth, and geopolitical
ADIRA FINANCE BUSINESS STRATEGY IN uncertainties. These factors may have an impact
2024 on the automotive and financing industries, which
In 2024, Adira Finance will implement several are part of Adira Finance's business ecosystem.
strategies and policies to maintain its business
performance which includes: In connection with these challenges, Adira Finance
• The Company will strengthen and gain market continues its commitment to implementing its
share in the automotive business through strategies and policies regarding more selective
product diversification and by providing various financing disbursements and maintaining asset
attractive sales programs for customers, as quality. To obtain high-quality financing growth,
well as strengthening good relations with our Adira Finance consistently applies its prudent
dealers. risk management principle by increasing the
• Expand networks to non-automotive businesses standards for financing approval.
by continuing to diversify the products offered
to support business growth such as durables
and multipurpose loans
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MANAGEMENT ASSESSMENT FOR In terms of securing its funding needs, the
OVERSEEING SIGNIFICANT ISSUES Company has continued to diversify its funding
POTENTIALLY IMPACTING COMPANY’S sources through continuous support of joint
BUSINESS SUSTAINABILITY financing with its parent company, Bank Danamon
Periodically, Adira Finance conducts evaluation of and obtaining external borrowings including bank
strategic plans and assessment of the Company’s loans and bonds. Adira Finance also has good
ability to achieve its targets and business credit-rating standings, namely idAAA (Triple A;
continuity. Until the publication of the 2023 Stable Outlook) from domestic rating agency
annual report, there were no findings on risks that Pefindo and investment grade ratings of Baa1
could materially impact the Company’s ability to from the international rating agency Moody’s and
maintain its business sustainability. BBB from Fitch Ratings; hence that the Company
can strengthen access to secure funding from
Adira Finance continues to implement various domestic and foreign markets.
efforts in managing potential factors that
significantly impact business continuity, one of In addition to solid funding support, Adira Finance
which is by preparing and publishing financial consistently develops its information technology
statements based on the latest and sustainable and digital innovation to support business
Financial Accounting Standards. Based on the development by incorporating sophisticated
performance achievement during 2023 and technologies such as Artificial Intelligence (AI)
the Company’s track record, the Management and Machine-Learning (ML). This is line with
has considered that Adira Finance’s business customer behavior changes towards digital and
continuity in the future is still good. The positive the increasingly competitive financing industry.
growth of the automotive and financing industry
in 2023 is expected to continue in 2024. In addition, ASSUMPTIONS USED BY MANAGEMENT
the Management believes that various stimulus IN THE ASSESSMENT
and incentives provided by the Government to Several factors influence the assessment of the
support the economy, particularly the automotive Company’s management in managing risks
and financing industries, have helped boost the that affect business activities, including global
Company’s performance in 2023. and domestic macroeconomic developments,
financing industry conditions, operational
As one of the leading financing companies in performance, financial performance, liquidity and
Indonesia with a strong track record and reliable solvency levels, governance implementation, and
reputation, Adira Finance is expected to be able legal cases faced by the Company.
to maintain business continuity in the future. In
addition, the diversification of financing products
towards the non-automotive segment allow
the Company to reduce concentrated risk on
automotive industry. Ultimately, this will expand
the Company’s customer base.
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04
CORPORATE
GOVERNANCE
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Table of Contents
Corporate Governance Report 144 Corporate Governance Committee 220
Corporate Governance Structure of Adira Finance 148 Corporate Secretary 220
Corporate Governance Policy 150 Internal Audit 221
General Meeting of Shareholders 154 Compliance Function 221
Sustainability Management 158 Internal Control System 223
Board of Commissioners 162 Public Accountant 224
Independent Commissioner 164 Risk Management 224
Board of Directors 170 Procurement of Goods and Services 226
Management Contract 176 Dividend Policy 230
Executive Committee 192 Provision of Funds for Related Parties 380
Relationship Between the Board of Commissioners 198 Provision of Funds for Social and Political Activities 381
and the Board of Directors
Contribution to the Country 381
Meeting of The Board of Commissioners 213
Policy on the Rights of Creditors 382
Joint Meetings of the Board of Commissioners and 213
Customer/Consumer Protection Policy 382
Board of Directors
Corporate Ethics 384
Meeting of the Board of Directors 215
Conflict of Interest Management and Relationships 388
Diversity in the Composition of the Board of 216
with Related Parties
Commissioners and Board of Directors
Prevention of Insider Transactions 389
Performance Assessment of the Board of 217
Commissioners and Board of Directors Gratuity Control 389
Remuneration for the Board of Commissioners, 217 Anti-Corruption Policy 390
Board of Directors and Committees Under the
Fraud Control 392
Board of Commissioners
Company Legal Issues 397
Board of Commissioners Support 218
Administrative Sanctions from Regulators 405
Secretary of the Board of Commissioners 218
Access to Company Information and Data 406
Audit Committee 218
Corporate Governance Assessment 406
Risk Monitoring Committee Report 219
Report of Sharia Governance 412
Nomination and Remuneration Committee 219
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GOOD CORPORATE
GOVERNANCE
The application of the principles of Good
Corporate Governance is intended to be
used as a guide and practical reference
for each component at all levels of the
Company.
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CORPORATE GOVERNANCE
REPORT
Corporate To implement Good
Governance, the Company has made
Corporate
Governance
various policies, among others,
the Guidelines of Good Corporate
Governance, Code of Ethics, Charter of
the Board of Commissioners, Charter
of the Board of Directors, Charter of
the Committee under the Board of
Commissioners, the Guidelines of Internal
Audit and other guidelines to ensure the
comprehensive implementation of Good
Corporate Governance on each level.
These policies are regularly reviewed to
adapt the current situation, both related
to prevailing laws as well as best practice
of Corporate Governance.
GCG MILESTONE
2004 • Adira Finance performed IPO;
• Adira Finance appointed Corporate
Secretary
• Establishment of Audit Committee
• Establishment of Risk Management
During this time, the Committee
• Establishment of Nomination
Company has also made the Committee
• Establishment of Remuneration
implementation of Good Committee
• Major part of the Company’s shares
Corporate Governance as one was acquired by PT Bank Danamon
Indonesia Tbk.
of the work indicators, as well 2005 • Merger of Audit Committee and
Risk Management Committee
as making continuous efforts into Audit and Risk Management
Committee
to foster the implementation • Merger of Remuneration
Committee and Nomination
of the code of ethics and Committee
principles of Good Corporate 2006 Adira Finance issued Corporate
Governance Guidelines
Governance as the Company's 2008 • Charter of the Board of
Commissioners
values and culture that is • Charter of the Nomination and
Remuneration Committee
embedded in all employees of 2011 • Segregation of Audit and Risk
the Company. Management Committee into
Audit Committee and Risk
Management Committee
• Ratification of Charter of the
Audit Committee
2012 • Establishment of Corporate
Governance Committee
• Implementation of ASEAN CG
Scorecard
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2014 Implementation of Financial Services Authority (OJK) Regulation No. 30/POJK.05/2014 concerning
Application of Good Corporate Governance Principles for Financing Companies.
2015 • Revision of Corporate Governance Guidelines;
• Implementation of OJK Circular Letter Number 32/SEOJK.04/2015
2016 • Revision of Charter of the Board of Commissioners;
• Revision of Charter of the Board of Directors;
• Revision of Charter of the Audit Committee.
2017 Revision of Corporate Governance Guidelines.
2020 • Implementation of OJK Regulation Number 29/POJK.05/2020 on Amendment to OJK Regulation Number 30/
POJK.05/2014 on the Implementation of Good Corporate Governance Principles for Financing Company;
• Revision of Charter of the Anti-Money Laundering and Terorist Financing Prevention Program Implementation
Guidelines;
• Revision of Internal Audit Charter.
2021 • Revision of Charter of the Board of Commissioners;
• Revision of Charter of the Board of Directors;
• Revision of Charter of the Audit Committee
• Revision of Charter of the Risk Monitoring Committee;
• Revision of Charter of the Nomination and Remuneration Committee.
2022 • The Company issued Management of Information & Technology Guidelines;
• Revision of Risk Management Implementation Guidelines;
• Revision of Corporate Governance Charter.
2023 • Amendment of Guideline for Implementation of Anti Money Laundering, Counter-Terorism Financing and
Proliferation of Waepons of Mass Destruction;
• The Company won Top 50 Biggest Mid Cap of Public Listed Companies Award from Indonesian Institute for
Corporate Directorship at the 14th IICD Corporate Governance Awards 2023.
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Objectives of The Implementation of The objectives of the implementation of Good
Corporate Governance Corporate Governance are as follows:
The implementation of Good Corporate • optimizing corporate values to each Company’s
Governance principles is intended to be used as leader and employee through the improvement
practical guide and reference for each component of transparency, accountability, responsibility,
at all the Company’s levels. Such implementation independence and equality as well as fairness
is done through the following matters: with the purpose of assisting the Company
• establishing strategic objectives and a series to achieve better competition at national and
of corporate values communicated and international levels, and through the creation
implemented in all the Company’s organization; of conducive environment for investment;
• establishing the limits of clear responsibility • improving the organization management
and accountability for the company’s internal to be more professional, transparent and
instruments; efficient, as well as strengthening all functions
• establishing guidelines to the application of and improving impartial nature in the Board of
standard ethics, values, objectives, strategies Commissioners, the Board of Directors and the
and supervisory environment; General Meeting of Shareholders to improve
• providing guidelines of strong internal control the Company’s performance;
system, including internal and external audit • encouraging shareholders, members of
functions, with risk management function and the Board of Commissioners and Board of
independent compliance of business units and Directors, in decision-making and actions, to
by the application of appropriate checks and apply high moral values and compliance with
balances mechanism; all laws and regulations as well as the awareness
• providing special guidelines for risk monitoring, concerning corporate social responsibility of
wherein there is a possibility of conflict of the stakeholders;
interests, including business relationship • realizing the satisfaction of all the Company’s
with affiliates, shareholders, commissioners, stakeholders.
directors, and senior officials.
Until now, the Company has established the
implementation of Good Corporate Governance
as one of the work indicators. The Company
also puts in continuous efforts to develop the
implementation of the code of ethics and Good
Corporate Governance principles as the inherent
culture and value for the Company’s employees.
Stages of Corporate Governance Implementation
The implementation of Corporate Governance at Adira Finance is conducted through the following stages:
Preparation Stage Implementation Stage Evaluation Stage
a. Conduct initial socialization; a. Socialization of the guidelines; a. Perform self-assessment; and
b. Mapping the condition on b. Implementation of the or
the implementation of Good guidelines; b. Assessment by independent
Corporate Governance; c. Internalization of the party.
c. Preparation of the guidelines. guidelines.
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CORPORATE GOVERNANCE STRUCTURE OF ADIRA FINANCE [GRI 2-9]
By considering the prevailing laws and regulations, including but not limited to Law Number 40 of 2007 on
Limited Liability Companies, the Corporate Governance structure of Adira Finance is as follows:
Main Organ
General Meeting of
Shareholders
Sharia Supervisory The Board of The Board of
Board Directors Commissioners
Credit Committee Audit Committee
Risk Management Committee Risk Monitoring Committee
Nomination & Remuneration
Assets and Liabilities Committee
Committee
Information Technology Steering
Corporate Governance Commiittee
Committee
Internal Audit Unit
Compliance & AML Unit
Supporting Organs
CORPORATE GOVERNANCE POLICY
In order to apply the Good Corporate Governance Principles, the Company has established various
policies, among others, Corporate Governance Guidelines, Code of Ethics, Charter of the Board of
Commissioners, Board of Directors, and the Committees under the Board of Commissioners, Internal
Audit Guidelines, and other guidelines to ensure the implementation of Good Corporate Governance
principles at all levels. Such policies are regularly reviewed to adjust the current condition, both the
prevailing laws and regulations and the best practice of Corporate Governance.
Structure of Corporate Governance Policy of Adira Finance:
Corporate Governance
Guidelines
Corporate Governance
Guidelines & Charter
Management’s Policy Code of Ethics
System & Procedure
All policies have been published through the Company’s website.
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Internalization of The Corporate • GCG Guidelines are displayed on the Company’s
Governance Policiy official website for the stakeholders to read and
The Company sees the importance to do some learn;
efforts so that the Company’s Good Corporate • In each of the Company's Annual Reports, the
Governance (GCG) principles are not learnt only report on the implementation of GCG is one
by Adira Finance leaders and employees, but they part that becomes the main concern of the
are also expected to be a unique culture to all Company. This section usually gets the most
stakeholders of Adira Finance. portion in terms of the number of pages. This
means that apart from being a manifestation
Therefore, the Company’s management prepares of the Company's transparency principle, it is
programs to internalize Adira Finance’s GCG also intended that every stakeholders such as
principles. The programs are conducted by, among shareholders, investors, business partners and
others: other external stakeholders can understand the
• Ensuring that every Company’s Regulation GCG principles that have been implemented by
book evaluated biannually always sets forth Adira Finance.
the Company’s code of ethics that are also
part of the GCG principles applied by Adira GENERAL MEETING OF SHAREHOLDERS
Finance. This is important since Adira Finance’s
Company Regulation book is always distributed The General Meeting of Shareholders (GMS) is the
to all of Adira Finance’s leaders and employees Company’s highest instrument with authorities,
(including in case of any update or change); such as approving the amendment of the Articles of
• Adira Finance’s GCG principles are one of the Association, appointing and dismissing members
materials delivered to every Adira Finance’s of the Board of Commissioners and Board of
new employee. As it is known that every Directors, approving the Company’s annual
Adira Finance’s new employee is required to report, appointing external auditor, determining
attend “New Employee Orientation” program the usage of the Company’s net profit, and other
or abbreviated as OKB (Orientasi Karyawan activities in accordance with the prevailing laws
Baru). This program is prepared to introduce and regulations and the Company’s Articles of
Adira Finance to every new employee so that Association.
they comprehend all aspects of Adira Finance,
including among others, Adira Finance’s To increase the shareholders’ attendance rate, the
history, vision and missions, culture, code of Company:
ethics and others; 1. Posts GMS announcement advertisements
• The Company’s Board of Directors has regular and invitations on at least 1 (one) newspaper
programs to visit the Company’s business in Bahasa Indonesia which has national
networks, where in the program called “Gemba”, circulation;
the Board of Directors provides opportunities 2. Selects the GMS’ location in an area with easy
for middle- or low level employees to have access for public and private transportation;
direct communication with top leaders in 3. Provides facilities to be used accordingly and
Adira Finance. In this program, Adira Finance’s comfortably by the shareholders in the GMS,
Board of Directors continuously re-explains the including good and comfortable meeting
corporate cultures, including GCG principles at rooms, meeting materials based on the
Adira Finance. Generally, the explanation is also applicable provisions, and others;
delivered in actual exemplary forms directly 4. Provides the power of attorney format for
experienced by each member of the Board shareholders who cannot directly attend the
of Directors; meeting.
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The attendance rate of shareholders in the Annual GMS from 2019 to 2023 is as follows:
Year 2019 2020 2021 2022 2023
Total attending shareholders 936,386,355 932,352,825 928,092,609 922,193,178 933.231.307
shares shares shares shares shares
Attendance percentage (%) 93.64 % 93.24 % 92.81% 92.22% 93.32%
Implementation of Adira Finance’s Annual GMS in 2023
In 2023, Adira Finance held the Annual GMS on April 4, 2023 in hybrid (electronically via e-GMS and
physically). All participants who attended Annual GMS both in e-GMS or physically are able to participate
actively. The Annual GMS resolutions have been reported to the OJK and announced in the Company’s
website (www.adira.co.id) and the IDX website (www.idx.co.id).
Annual GMS on April 4, 2023 [GRI 2-10]
Adira Finance’s Annual GMS on April 4, 2023 was held in hybrid (electronically using the Electronic
General Meeting System Application or eASY.KSEI of PT Kustodian Sentral Efek Indonesia and physically
in Ballroom B, Ayana Midplaza, Jakarta, Jl. Jend. Sudirman Blok 10-11, Jakarta Pusat 10220), with regard
to OJK Regulation No. 15/POJK.04/2020 on the Plan and Implementation of the General Meeting of
Shareholders of a Public Company (“POJK No. 15/POJK.04/2020”), OJK Regulation No. 16/POJK.04/2020
on Implementation of Electronic General Meeting of Shareholders of Public Companies (“OJK Regulation
No. 16/POJK.04/2020”) and the provisions of the Company's Articles of Association.
The Annual GMS Convention Process:
Provision Implementation
Announcement of GMS Plan to OJK
OJK Regulation Number 15/POJK.04/2020 requires the agenda Announcement of GMS Plan was submitted to OJK on
of the GMS to be submitted to OJK no later than 5 working February 17, 2023, or 5 working days before the GMS
days prior to the announcement of GMS plan advertised by the Announcement was advertised including the GMS agenda.
Company, excluding the date of the GMS announcement.
Announcement of the GMS Plan
UUPT, OJK Regulation Number 15/POJK.04/2020, and Announcement of GMS Plan was submitted on
the Company’s Articles of Association require that the February 24, 2023 or 14 calendar days prior the date of
announcement of GMS plan should be made 14 calendar days GMS Invitation without taking into account the date of
prior the date of the GMS Invitation without taking into account Announcement/Notification and Invitation through:
the date of the Announcement and the date of the Invitation.
a. IDX official website;
In addition, OJK Regulation Number 15/POJK.04/2020 also b. KSEI website as e-GMS provider; and
specifies that the announcement should be made through: c. the Company’s official website (www.adira.co.id) in
a. e-GMS Provider’s website; Indonesian and English.
b. Stock Exchange’s official website;
c. public company’s official website, in Indonesian and foreign
languages, provided that the foreign language used is at least
English.
GMS Invitation
Both the UUPT and the Company’s Articles of Association GMS Invitation was conducted by the Company on March
prevailing during the GMS states that the GMS Invitation shall 13, 2023, or 21 calendar days prior the date of GMS Invitation
be made within 14 days prior the GMS convention, while OJK without taking into account the Invitation date and GMS
Regulation Number 15/POJK.04/2020 states that the GMS date. The Invitation was made through:
Invitation shall be made within a period of at least 21 days prior a. IDX official website;
to the date of the GMS convened, without considering the b. KSEI website; and
invitation and GMS date. c. the Company’s official website (www.adira.co.id) in
Indonesian and English.
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Provision Implementation
In addition, OJK Regulation No. 15/POJK.04/2020 also specifies This Invitation has covered:
that the Invitation should be made through: a. Convention date is April 4, 2023;
a. e-GMS Provider’s website; b. Convention time: 10.00 Western Indonesia Time
b. Stock Exchange’s official website; c. Convention place is in Ballroom B, Ayana Midplaza,
c. public company’s official website, in Indonesian and foreign Jakarta, Jl. Jend. Sudirman Blok 10-11, Jakarta Pusat 10220;
languages, provided that the foreign language used is at least d. Provisions on the shareholders entitled to attend the
English. meeting, which were the shareholders registered in the
Company’s List of Shareholders or registered with
OJK Regulation Number 15/POJK.04/2020 also states that the Indonesian Central Securities Depository (KSEI) on
Invitation must consist of the following information: March 10, 2023; and
a. Convention date; e. Meeting agenda, including the description for each
b. Convention time; agenda, which was 8 meeting agendas and the
c. Convention venue; description; and.
d. Provisions on the shareholders entitled to attend the meeting;
e. Meeting agenda including the description for each agenda; Information stating that the materials for each meeting
and agenda is available for the shareholders at the head office
f. Information stating that the materials for each meeting of Adira Finance since the date of GMS Invitation up to the
agenda is available for the shareholders since the date of GMS GMS convened.
Invitation until to its convention date.
GMS Convention
UUPT, OJK Regulation Number 15/POJK.04/2020, and the Annual GMS was convened on April 4, 2023 in Ballroom
Company’s Articles of Association require the GMS to be held B, Ayana Midplaza, Jakarta, Jl. Jend. Sudirman Blok 10-11,
at the Company’s domicile or the place where the Company Jakarta Pusat 10220.
conducts its principal business activities as determined in the
Articles of Association or in the stock exchange’s domicile where
the Company’s shares are listed. The Company’s head office is
located in South Jakarta.
Notification of Summary of GMS Minutes
OJK Regulation Number 15/POJK.04/2020 requires the On April 5, 2023 or 1 business day after the GMS Convention,
Announcement of GMS Minutes to be announced publicly 2 the GMS minutes were submitted to OJK and advertised in
business days after the GMS at the latest and its announcement Investor Daily Indonesia which having national distribution
proof shall be submitted to the OJK latest 2 business days since in Indonesian.
the announcement.
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The Attendance of the Board of Commissioners and Board of Directors in Annual GMS on April 4, 2023:
Name Position Attendance
Board of Commissioners
Krisna Wijaya Independent Commissioner Present
Manggi Taruna Habir Independent Commissioner Present
Congsin Congcar Commissioner Present via Zoom Webinar
Board of Directors
I Dewa Made Susila President Director Present
Swandajani Gunadi Director Present
Niko Kurniawan Bonggowarsito Director Present
Harry Latif Director Present
Jin Yoshida Director Present
Audit Committee
Manggi Taruna Habir Chairman Present
Jusuf Sukiman Member Present via Zoom Webinar
Restiana Ie Tjoe Linggadjaya Member Present via Zoom Webinar
Risk Monitoring Committee
Krisna Wijaya Chairman Present
Manggi Taruna Habir Member Present
Rio Erriad Member Present via Zoom Webinar
Governance Committee
Krisna Wijaya Chairman Present
Diyah Sasanti Member Present via Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrahman Djamil, M.A. Chairman Present via Zoom Webinar
Prof. Dr. Noor Achmad, M.A. Member Present via Zoom Webinar
Dr. Rini Fatma Kartika M.H. Member Present via Zoom Webinar
Decision Making Mechanism
At the GMS held in 2023, the Meeting was chaired by Krisna Wijaya (Independent Commissioner of the
Company) appointed by the Board of Commissioners to chair the GMS. The GMS chairman read the rules
of the GMS. The GMS chairman gave the shareholders the opportunity to ask questions on each meeting
agenda. The meeting chairman and/or a member of the Board of Directors appointed gave an explanation
or response to any questions asked. After all the questions were answered, the voting was then held,
whereby only the shareholders or their legal representatives can vote. Each 1 share gives the shareholder
the right of 1 vote.
Independent Party as Vote Counter
To perform vote counting in every agenda of the GMS, the Company appointed Notary Mala Mukti S.H.,
LL.M. and PT Adimitra Jasa Korpora as the party performing the vote count or validating the votes.
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Annual GMS Resolutions on April 4, 2023
The resolutions of the Annual GMS and its realizations:
Total
Proposal Realization
Agree Abstain Disagree
First Meeting Agenda
1. Approved the Company's annual report for the 933,0216,607 14,300 400 shares The GMS approval has
financial year ending December 31, 2022; shares or shares or or 0,00004% been set forth in the Deed
2. Ratify the Company's financial statements for the 99.99842% 0.00153% of AGMS Minutes No. 10
financial year ending on December 31, 2022 which on April 04, 2023, drawn
have been audited by the Public Accounting Firm up before Mala Mukti, S.H.,
Imelda & Rekan (a member firm of Deloitte Asia LL.M.
Pacific and Deloitte Global Network), as contained in
the Independent Auditor's Report No. 00012/2.1265/
AU.1/09/0849-1/1/II/2023, dated February 8, 2023 with
unmodified opinion;
3. Ratify the Annual Monitoring Report of the Company's
Board of Commissioners for the financial year ending
December 31, 2022; and
4. Grant full exemption and discharge of responsibility
(“volledig acquit et décharge”) to: (i) the Board of
Directors of the Company in carrying out their duties
and responsibilities for the management and duties
and responsibilities of representing the Company; (ii)
The Company's Board of Commissioners in carrying
out their supervisory duties and responsibilities as
well as their duties and responsibilities in providing
advice to the Company's Directors, assisting the
Company's Directors, and giving approval to the
Company's Directors; and (iii) the Sharia Supervisory
Board in carrying out the duties and responsibilities of
supervising the sharia aspects of the implementation
of the Company's business activities in accordance
with Sharia Principles as well as providing advice and
suggestions to the Board of Directors of the Company,
which was carried out in the financial year ending
December 31, 2022, as long as the implementation
of duties and responsibilities were reflected in
the Annual Report for the financial year ending
December 31, 2022.
Second Meeting Agenda
Approved the use of the Company’s net profit for the 933,216,607 14,300 400 shares • approximately 1%
2022 fiscal year of IDR1,605,555,430,051 with the following shares or shares or or 0.00004% of the net profit or
details: 99.99842% 0.00153% IDR16,055,554,300
1. approximately 1% of the net profit or already set aside
IDR16,055,554,300 is set aside as a Reserve Fund as a Reserve Fund,
so that the entire Reserve Fund of the Company so that the entire
becomes IDR223,137,478,936; Reserve Fund of the
2. approximately 50% of the Company’s net profit or Company becomes
IDR803,000,000,000 or IDR803 per share, will be paid IDR223,137,478,936.
as dividends for the 2022 fiscal year, with the following • Dividend payment
conditions: which was 50% of
a. dividends will be paid to shareholders whose the Company’s net
names are registered in the Register of profit of 2022 ficsal
Shareholders on April 17, 2023, at 16:00 WIB year or amounted of
(Western Indonesian Time) (hereinafter referred to IDR803,000,000,000
as the “Recording Date”) and will be paid on the (IDR803 per share) was
May 4, 2023, (hereinafter referred to as “Payment made on May 4, 2023.
Date”);
b. on dividends for the 2022 fiscal year, the Board of
Directors will withhold dividend tax in accordance
with the tax regulations that apply to shareholders;
c. The Board of Directors is hereby given the power
and authority to determine matters concerning
or related to the implementation of dividend
payments for the 2022 financial year.
3. the remaining unappropriated net profit of
the Company for the 2022 fiscal year, which is
IDR786,499,875,751, is recorded as the Company’s
Retained Earnings.
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Total
Proposal Realization
Agree Abstain Disagree
Third Meeting Agenda
Appointed Elisabeth Imelda, as a Public Accountant and 933,215,107 15.800 400 shares Elisabeth Imelda, as
Imelda & Rekan (a member firm of Deloitte Asia Pacific shares or shares or atau a Public Accountant
and Deloitte Global Network) as a Public Accounting 99.99826% 0.00169% 0.00004% and Imelda & Rekan (a
Firm registered with the Financial Services Authority, to member firm of Deloitte
conduct an audit/examination of the Company’s books Asia Pacific and Deloitte
or records for the financial year 2023 with an audit fee Global Network) as a
of IDR1,600,000,000 (one billion and six hundred million Public Accounting Firm
Rupiah) excluding taxes and out of pocket expenses registered in Financial
and to perform Audit Upon Procedure (AUP) Acivities Services Authority,
Application of the Precautionary Principle (KPPK) for conducted an audit
the year ending December 31, 2023 with a service fee of for 2023 Financial
IDR75,000,000. Report with an audit
fee of IDR1,600,000,000
excluding taxes and out
of pocket expenses and
perform AUP KPPK for the
year ending December 31,
2023 with service fee of
IDR75,000,000.
Fourth Meeting Agenda
1. a. Determine the amount of tantiem to be distributed 933,180,407 36,900 14,000 1) The distribution of
to members of the Company’s Board of Directors shares or shares or shares or salary and allowances as
for the 2022 financial year in the amount of 99.99455% 0.00395% 0.00150% well as the distribution
IDR18,234,461,538, - including tax; of tantiem for each
b. Determined that the salaries and benefits of all member of the Board
members of the Company’s Board of Directors of Directors of the
for the 2023 financial year are in the amount of Company has already
IDR36.953.646.478, - including tax; and carried out according
c. Granting authority to the President Commissioner to GMS Decision and
of the Company to determine the distribution recommendation
of the amount of salary and allowances as well of the Nomination
as the distribution of tantiem, for each member and Remuneration
of the Board of Directors of the Company based Committee on March 10,
on the recommendation of the Nomination and 2023;
Remuneration Committee Number 005/ADMF/ 2) The distribution of
KNR/III/23, dated March 10, 2023. salary or honorarium
and allowances as well
2. a. Determine the amount of tantiem to be distributed as the distribution
to the Company’s Board of Commissioners for the of tantiem for each
2022 financial year in the amount of IDR1,303,571,429, member of the Board
including tax; of Commissioner
b. Determine the amount of salary or honorarium and has already carried
allowances for all members of the Company’s Board out according to
of Commissioners for the 2023 financial year in the GMS Decision and
amount of IDR7,849,372,096, - including tax; and recommendation
c. Granting authority to the President Commissioner of the Nomination
of the Company to determine the distribution of the and Remuneration
amount of salary or honorarium and allowances and Committee on Mach 10,
bonuses for each member of the Company’s Board 2023;
of Commissioners based on the recommendation 3) The distribution of
of the Nomination and Remuneration Committee salary or honorarium
Number 004/ADMF/KNR/III/23, dated March 10, and/or allowances
2023. for each member of
Sharia Supervisory
3. Approved the delegation of authority to the Board of Board has already
Commissioners to determine the salary or honorarium carried out according
and/or allowances for the 2023 financial year for each to GMS Decision and
member of the Company’s Sharia Supervisory Board recommendation
based on the recommendation of the Nomination of the Nomination
and Remuneration Committee Number 006/ADMF/ and Remuneration
KNR/III/23, dated March 10, 2023. Committee on March 10,
2023.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Total
Proposal Realization
Agree Abstain Disagree
Fifth Meeting Agenda
1. a. Accepting resignation Mr. Yasushi Itagaki from 933,215,107 15.800 400 shares The composition of the
his position as President Commissioner of the shares or shares or or 0.00004% Board of Commissioners
Company, which came into effect since the closing 99.9998% 0.0016% and Board of Directors of
of the Meeting, by thanking him for his contribution the Company after the
that have been provided to the Company; Annual GMS on April 4,
b. Approve the appointment of Mr. Daisuke Ejima 2023 is as follows:
as President Commissioner the Company, which
is effective from the date of passing the Fit and Board of Commissioners :
Proper Test from the Financial Services Authority President Commissioner:
on his appointment as President Commissioner of Daisuke Ejima (effective
the Company, for the remaining term of office of since the date of passing
the current members of the Company’s Board of the Fit and Proper Test
Commissioners; and from the Financial
c. Approve the appointment of Mr. Denny Riza Farib as Services Authority);
Director of the Company, effective from the date of Independent
passing the Fit and Proper Test from the Financial Commissioner : Krisna
Services Authority for his appointment as Director of Wijaya;
the Company, for the remaining term of office of the Independent
current members of the Board of Directors of the Commissioner :
Company. Manggi Taruna Habir;
Commissioner : Eng Heng
Thus, the composition of the Board of Commissioners Nee Philip;
and Board of Directors of the Company is as follows: Commissioner :
Congsin Congcar; and
Board of Commissioner Commissioner : Hafid
President Commissioner : Daisuke Ejima Hadeli
(effective since the
date of passing the Fit Board of Directors :
and Proper Test from President Director : I
the Financial Services Dewa Made Susila;
Authority); Director : Swandajani
Independent Commissioner : Krisna Wijaya; Gunadi;
Independent Commissioner : Manggi Taruna Habir; Director : Niko Kurniawan
Commissioner : Eng Heng Nee Philip; Bonggowarsito;
Commissioner : Congsin Congcar; and Director : Harry Latif;
Commissioner : Hafid Hadeli; Director : Jin Yoshida; and
Director : Denny Riza Farib
Board of Directors: (effective since the date of
President Director : I Dewa Made Susila; passing the Fit and Proper
Director : Swandajani Gunadi; Test from the Financial
Director : Niko Kurniawan Services Authority);
Bonggowarsito;
Director : Harry Latif; with a term of office
Director : Jin Yoshida; and that will end until the
Director : Denny Riza Farib closing of the 3rd (third)
(effective since the date of passing Annual General Meeting
the Fit and Proper Test from the of Shareholders after
Financial Services Authority) this Meeting, namely the
financial year ending on
with a term of office that will end until the closing of the December 31, 2023, which
3rd (three) Annual General Meeting of Shareholders will be held in 2024.
after this Meeting, namely the financial year ending
on December 31, 2023, which will be held in 2024, The changes of the
without prejudice to the rights of the General Meeting Company’s data have
of Shareholders to terminate it (-them) at any time. been set forth in the Deed
of Decision Statement of
2. Authorize the Board of Directors of the Company to Annual General Meeting
declare the resolutions of the Fifth Meeting agenda of Shareholders Number
in one or more deed of meeting resolutions made 74 dated October 23, 2023,
before a Notary, submit notification of changes in the drawn up before Mala
Company’s data to the Minister of Law and Human Mukti, S.H., LL.M., Notary in
Rights of the Republic of Indonesia. Jakarta.
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and Analysis Responsibility
Total
Proposal Realization
Agree Abstain Disagree
Sixth Meeting Agenda
1. Approve the Board of Directors of the Company to 931,788,654 15,800 1,426,862 GMS approval has been
conduct a Continuing Public Offering of Bonds and shares or shares or shares or set forth in the Deed of
Sukuk with a value of IDR9,000,000,000,000.00 (nine 99.8454% 0.00169% 0.015289% Annual General Meeting
trillion Rupiah) and IDR1,000,000,000.00 (one trillion of Shareholders’ Minutes
Rupiah); of PT Adira Dinamika Multi
2. Authorize the Board of Directors of the Company Finance Tbk No. 10 dated
to take all necessary actions in connection with the April 4, 2023 drawn before
Continuing Public Offering of Bonds and Sukuk, Mala Mukti, S.H., LL.M.,
including but not limited to signing deeds before a Notary in Jakarta.
Notary.
Seventh Meeting Agenda
1. Give approval to the Board of Directors of the 931,775,045 15,800 1,440,462 Make collateral for the
Company to transfer and/or make collateral for the shares or shares or shares or Company’s debt assets
Company's debt assets in the form of Company 99.84395% 0.00169% 0.015435% in the form of Company
receivables which constitute more than 50% (fifty receivables which
percent) but may not exceed 400% (four hundred constitute more than 50%
percent) of the Company's net assets, in order to (fifty percent) but may
guarantee payment of the Bonds to be issued by not exceed 400% (four
the Company and other debts with the following hundred percent) of the
conditions: Company’s net assets,
a. joint financing assets between the Company and in order to guarantee
PT Bank Danamon Indonesia Tbk are not included payment of the Bonds to
in the collateralized assets; be issued by the Company
b. Gearing ratio may not exceed 6.5 x (six point and other debts with the
five times) of total net worth based on the latest following conditions:
financial report that has been audited by a Public a) joint financing assets
Accounting Firm, provided that if the gearing between the Company
ratio has reached 6 x (six times) of total net worth, and PT Bank Danamon
then the Board of Directors of the Company must Indonesia Tbk are
obtain approval from the Company's Board of not included in the
Commissioners and Majority Shareholders; collateralized assets;
2. that the action does not violate the terms and b) gearing ratio may not
conditions contained in the agreements between the exceed 6.5 x (six point
Company and third parties; and five times) of total net
3. authorize the Board of Directors of the Company worth based on the
to take all necessary actions in connection with latest financial report
the guarantee of the Company's receivables/bills, that has been audited
including but not limited to signing the fiduciary by a Public Accounting
guarantee deed before a Notary. Firm, provided that if
the Gearing Ratio has
reached 6 x (six times)
of total net worth, then
the Board of Directors
of the Company must
obtain approval from
the Company’s Board
of Commissioners and
Majority Shareholders;
that the action does not
violate the terms and
conditions contained in
the agreements between
the Company and third
parties.
249
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Page 254
In addition to deliver some resolutions, there was 2. Report on the realization of the use of proceeds
report submitted in the Annual GMS as follows: from the issuance of Adira Finance Continuous
1. Report on the realization of the use of proceeds Sukuk Mudharabah IV Phase III of Year 2022.
from the issuance of Adira Finance Continuous - Total proceeds of Sukuk Mudharabah Public
Bond V Phase III of Year 2022 where; Offering of IDR300,000,000,000.00;
- Total proceeds of Bond Public Offering of - Sukuk Mudharabah Public Offering Cost of
IDR1,700,000,000,000.00; IDR1,135,788,769.00;
- Bond Public Offering Cost of - Net Proceeds of IDR298,864,211,231,00;
IDR5,446,398,869.00; - Use of Proceeds from Sukuk Mudharabah
- Net Proceeds of IDR1,694,553,601,131.00; Public Offering until April 19, 2022, for
- Use of Proceeds from Bonds Public consumer financing related to the
Offering until April 19, 2022 for Company’s business in the form of
motor vehicle consumer financing of murabahah of IDR298,864,211,231,00.
IDR1,694,553,601,131.00.
Therefore, the remaining Sukuk Mudharabah
Therefore, the remaining bond proceeds were proceeds were Rp0 or had been fully used. The use
IDR0 or had been fully used. The use of such of such bond proceeds has been in accordance
bond proceeds has been in accordance with with the prospectus and have been reported by
the prospectus and have been reported by the the Company to the Financial Services Authority
Company to the Financial Services Authority on April 19, 2022, through Letter Number 137/ADMF/
April 19, 2022, through Letter Number 139/ADMF/ CS/IV/22.
CS/IV/22.
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Resolution and Realization of the Results of the Previous Year’s GMS
The implementation process of the Annual GMS on March 30, 2022:
Provision Implementation
Announcement of GMS Plan to OJK
OJK Regulation Number 15/POJK.04/2020 requires the agenda Announcement of GMS Plan was submitted to OJK on
of the GMS to be submitted to OJK no later than 5 working February 14, 2022, or 5 working days before the GMS
days prior to the announcement of GMS plan advertised by the Announcement was advertised including the GMS agenda.
Company, excluding the date of the GMS announcement.
Announcement of the GMS Plan
UUPT, OJK Regulation Number 15/POJK.04/2020, and the Announcement of GMS Plan was submitted on
Company’s Articles of Association require that the February 21, 2022 or 14 calendar days prior the date of
announcement of GMS plan should be made 14 calendar GMS Invitation without taking into account the date of
days prior the date of the GMS Invitation without taking Announcement/Notification and Invitation through:
into account the date of the Announcement and the date
of the Invitation. a. IDX official website;
b. KSEI website as e-GMS provider; and
In addition, OJK Regulation Number 15/POJK.04/2020 also c. the Company’s official website (www.adira.co.id) in
specifies that the announcement should be made through: Indonesian and English.
a. e-GMS Provider’s website;
b. stock exchange’s official website;
c. public company’s official website, in Indonesian and
foreign languages, provided that the foreign language
used is at least English.
GMS Invitation
Both the UUPT and the Company’s Articles of Association GMS Invitation was conducted by the Company on March
prevailing during the GMS states that the GMS Invitation 8, 2022, or 21 calendar days prior the date of GMS Invitation
shall be made within 14 days prior the GMS convention, without taking into account the Invitation date and GMS
while OJK Regulation Number 15/POJK.04/2020 states that the date. The Company did correction on the GMS Invitation
GMS Invitation shall be made within a period of at least relating to the changes of Public Accountant from Bayu
21 days prior to the date of the GMS convened, without M. Dayat to Elisabeth Imelda. The Invitation was made
considering the invitation and GMS date. through:
a. IDX official website;
In addition, OJK Regulation No. 15/POJK.04/2020 also b. KSEI website; and
specifies that the Invitation should be made through: c. the Company’s official website (www.adira.co.id) in
a. website of e-GMS provider; Indonesian and English.
b. the stock exchange's official website;
c. the public company’s official website, in Indonesian This Invitation has covered:
and foreign languages, provided that the foreign a. convention date is March 30, 2022;
language used is at least English. b. convention time: 10.05 Western Indonesia Time
c. convention place is in the Advance Room, PT Adira
Pemanggilan paling kurang harus memuat informasi: Dinamika Multi Finance Tbk, Millenium Centennial
OJK Regulation Number 15/POJK.04/2020 also states that the Center 60th Floor, Jl. Jendral Sudirman Kav. 25, Jakarta;
Invitation must consist of the following information: d. provisions on the shareholders entitled to attend the
a. convention date; meeting, which were the shareholders registered in
b. convention time; the Company’s List of Shareholders or registered with
c. convention venue; Indonesian Central Securities Depository (KSEI) on
d. provisions on the shareholders entitled to attend the meeting March 7, 2022; and
e. meeting agenda including the description for each agenda; e. meeting agenda, including the description for each
and agenda, which was 7 meeting agendas and the
f. information stating that the materials for each meeting description; and.
agenda is available for the shareholders since the date of GMS
Invitation until to its convention date. Information stating that the materials for each meeting
agenda is available for the shareholders at the head office
of Adira Finance since the date of GMS Invitation up to the
GMS convened.
GMS Convention
UUPT, OJK Regulation Number 15/POJK.04/2020, and the Annual GMS was convened on March 30, 2022 in the
Company’s Articles of Association require the GMS to be held Advance Room, PT Adira Dinamika Multi Finance Tbk,
at the Company’s domicile or the place where the Company Millenium Centennial Center 60th Floor, Jl. Jenderal
conducts its principal business activities as determined in the Sudirman Kav. 25, Jakarta.
Articles of Association or in the stock exchange’s domicile where
the Company’s shares are listed. The Company’s head office is
located in South Jakarta.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Provision Implementation
Notification of Summary of GMS Minutes
OJK Regulation Number 15/POJK.04/2020 requires the On March 31, 2022 or 1 business day after the GMS
Announcement of GMS Minutes to be announced publicly 2 Convention, the GMS minutes were submitted to OJK
business days after the GMS at the latest and its announcement and advertised in Investor Daily Indonesia having national
proof shall be submitted to the OJK latest 2 business days since distribution in Indonesian.
the announcement.
The Attendance of the Board of Commissioners and Board of Directors in Annual GMS on March 30, 2022:
Name Position Attendance
Board of Commissioners
Yasushi Itagaki President Commissioner Present via Zoom Webinar
Krisna Wijaya Independent Commissioner Present
Manggi Taruna Habir Independent Commissioner Present via Zoom Webinar
Eng Heng Nee Philip Commissioner Present via Zoom Webinar
Congsin Congcar Commissioner Present via Zoom Webinar
Board of Directors
Hafid Hadeli President Director Present
I Dewa Made Susila Director Present
Ho Lioeng Min Director Present
Swandajani Gunadi Director Present via Zoom Webinar
Niko Kurniawan Bonggowarsito Director Present via Zoom Webinar
Harry Latif Director Present via Zoom Webinar
Jin Yoshida Director Present via Zoom Webinar
Audit Committee
Manggi Taruna Habir Chairman Present via Zoom Webinar
Jusuf Sukiman Member Present via Zoom Webinar
Risk Monitoring Committee
Krisna Wijaya Chairman Present
Manggi Taruna Habir Member Hadir Zoom Webinar
Rio Erriad Member Hadir Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrahman Djamil, M.A. Chairman Present via Zoom Webinar
Prof. Dr. Noor Achmad, M.A. Member Present via Zoom Webinar
Dr. Rini Fatma Kartika M.H. Member Present via Zoom Webinar
Decision Making Mechanism
At the GMS held in 2022, the Meeting was chaired by Krisna Wijaya (Independent Commissioner of the
Company) appointed by the Board of Commissioners to chair the GMS. The GMS chairman read the rules
of the GMS. The GMS chairman gave the shareholders the opportunity to ask questions on each meeting
agenda. The meeting chairman and/or a member of the Board of Directors appointed gave an explanation
or response to any questions asked. After all the questions were answered, the voting was then held,
whereby only the shareholders or their legal representatives can vote. Each 1 share gives the shareholder
the right of 1 vote.
Independent Party as Vote Counter
To perform vote counting in every agenda of the GMS, the Company appointed Notary Mala Mukti S.H.,
LL.M. and PT Adimitra Jasa Korpora as the party performing the vote count or validating the votes.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Annual GMS Resolutions on March 30, 2022
The resolutions of the Annual GMS and its realizations:
Total
Proposal Realization
Agree Abstain Disagree
The First Meeting Agenda
1. Approving the Company’s Annual Report 922,182,878 5,100 5,200 The GMS approval has
for the fiscal year ending December 31, 2021; shares or shares or shares or been set forth in the
2. Ratifying the Company’s Financial 99.9988831% 0.0005530% 0.0005639% Minutes of GMS Number
Statements for the fiscal year ending December 106 dated March 30, 2022,
31, 2021; drawn up before Mala
3. Ratifying the Annual Monitoring Report of the Mukti, S.H., LL.M., Notary in
Company’s Board of Commissioners Jakarta.
for the fiscal year ended on December 31, 2021;
4. Grant full exemption and discharge of
responsibility (“volledig acquit et décharge”)
to: (i) the Board of Directors of the Company in
carrying out their duties and responsibilities for
the management and duties and responsibilities
of representing the Company; (ii) The Company's
Board of Commissioners in carrying out their
supervisory duties and responsibilities as well
as their duties and responsibilities in providing
advice to the Company's Directors, assisting
the Company's Directors, and giving approval
to the Company's Directors; and (iii) the Sharia
Supervisory Board in carrying out the duties and
responsibilities of supervising the sharia aspects
of the implementation of the Company's business
activities in accordance with Sharia Principles as
well as providing advice and suggestions to the
Board of Directors of the Company, which was
carried out in the financial year ending December
31, 2021, as long as the implementation of duties
and responsibilities were reflected in the Annual
Report for the financial year ending December 31,
2021.
The Second Meeting Agenda
To approve the use of the Company's net profit of 922,182,878 5,100 5,200 • About 1% of the
2021 financial year of IDR1,212,699,838,897 with the shares or shares or shares or Company’s net profit
following details: 99.9988831% 0.0005530% 0.0005639% or amounting to
1. Approximately 1% of the Company’s net profit IDR12,126,998,389.00
or amounting to IDR12,126,998,389.00 was set was set as Reserve
as Reserve Fund, so that the total Company’s Fund, so that the
Reserve Fund was IDR207,081,924,636.00; total Company’s
2. Approximately 50% of the Company’s net profit or Reserve Fund was
amounting to IDR607,000,000,000.00 or IDR607 IDR207,081,924,636.00;
per share was paid as dividend in fiscal year 2021 • Dividends were
with the following provisions paid on April 29,
a. Dividends would be paid to shareholders whose 2022 amounting to
names are recorded in the List of Shareholders IDR607 per share
on April 11, 2021 at 16.00 Western Indonesia Time or overall total of
(hereinafter referred to as “Recording Date”) IDR607,000,000,000.00;
and would be paid on April 29, 2022 (hereinafter • The distribution of
referred to as “Payment Date”); dividends from a
b. Upon the dividend in fiscal year 2021, the Board portion of net profit
of Directors would deduct dividend taxes in of fiscal year 2021 of
accordance with the applicable tax regulations IDR607,000,000,000
on shareholders; or about 50% of the
c. The Board of Directors hereby was granted the Company’s net profit
power and authorization to determine matters of 2021 fiscal year was
on or related to the implementation of the used as Cash Dividend
payment of dividends for the fiscal year 2021. and was paid on April
3. The Company’s remaining unspecified Net 29, 2022.
Profit of IDR593,572,840,508.00 was recorded as
Retained Earnings of the Company.
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Total
Proposal Realization
Agree Abstain Disagree
The Third Meeting Agenda
Appointing Elisabeth Imelda as the Public 922,052,563 5,200 135,415 Elisabeth Imelda as
Accountant and Imelda & Rekan (member firm of shares or shares or shares or the Public Accountant
Deloitte Asia Pacific and Deloitte Global Network) 99.9847521% 0.0005639% 0.0146840% and Imelda & Rekan
as the Public Accounting Firm registered in OJK, (member firm of Deloitte
to audit the financial statements of the Company Asia Pacific and Deloitte
for the 2022 fiscal year with the audit fee of Global Network) as
IDR800,000,000 (eight hundred million Rupiah) the Public Accounting
excluding tax and out-of-pocket expenses. Firm registered with
OJK would audit the
financial statements of
the Company for the 2022
fiscal year with the audit
fee of IDR800,000,000
(eight hundred million
Rupiah) excluding tax and
out-of-pocket expenses.
The Fourth Meeting Agenda
1. a. Determining the amount of tantiem to be 922,155,178 5,700 32,300 1) The distribution of
distributed to the members of the Company’s shares or shares or shares or salaries, allowances, and
Board of Directors for the 2021 fiscal year at 99.9958794% 0.0006181% 0.0035025% tantiem for members of
IDR20,792,776,102.00 including taxes. the Company’s Board
b. Setting the salaries and allowances of all of Directors had been
members of the Company’s Board of Directors in accordance with the
for the 2022 fiscal year at IDR30,927,682,672.00 resolutions of the GMS
including taxes; and and recommendations
c. Granting authorization to the President of the Nomination
Commissioner of the Company to determine and Remuneration
the distribution of salaries and allowances and Committee on March 1,
the distribution of the tantiem to each member 2022.
of the Company’s Board of Directors based on 2) Distribution of salaries
the recommendation of the Nomination or honorarium,
and Remuneration Committee Number allowances, and tantiem
001/ADMF/KNR/III/22, dated March 1, 2022. for all members of the
Company’s Board of
Commissioners has
been in accordance
with the resolutions
of the GMS and
recommendations
of the Nomination
and Remuneration
Committee on March
1, 2022.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Total
Proposal Realization
Agree Abstain Disagree
2. a. Setting the amount of tantiem to be distributed 3) The distribution of
to the Company’s Board of Commissioners salaries or honorarium
for the 2021 fiscal year at IDR1,179,423,396.00 and/or allowances for
including taxes; all members of the
b. Determining the salaries or honorarium and Company’s Sharia
allowances of all members of the Company’s Supervisory Board has
Board of Commissioners for the 2022 fiscal year been in accordance
at IDR4,939,604,437.00, including taxes; and with the resolutions
c. Granting authorization to the President of the GMS and
Commissioner of the Company to determine recommendations
the distribution of salaries or honorarium and of the Nomination
allowances and tantiem, for each member of and Remuneration
the Company’s Board of Commissioners based Committee on March 1,
on the recommendation of the Nomination 2022.
and Remuneration Committee Number 002/
ADMF/KNR/III/22 dated March 1, 2022.
3. Approving the transfer of authority to the
Company’s Board of Commissioners to determine
the salary or honorarium and/or allowances for
the 2022 fiscal year for each member of the
Company’s Sharia Supervisory Board based on
the recommendation of the Nomination and
Remuneration Committee Number 003/ADMF/
KNR/III/22 dated March 1, 2022.
The Fifth Meeting Agenda
1. a. To accept the resignation of Hafid Hadeli 921,969,444 25,100 198,634 1. the composition of
from his position as President Director of the shares or shares or shares or the Board of Directors
Company, which has been in effect since the 99.9757389% 0.0027218% 0.0215393% of the Company is as
closing of the Meeting and thanked him for his follow:
contribution to the Company; and BOARD OF DIRECTORS
b. To approve the appointment of I Dewa Made - President Director :
Susila as President Director of the Company, I Dewa Made Susila
effective from the date of passing the Fit and (effective since the
Proper Test from the Financial Services Authority date of passing Fit
upon his appointment as President Director of and Proper test from
the Company, for the remaining terms of the Financial Services
Company’s current Board of Directors. Authority);
- Director : Ho Lioeng
Thus, the composition of the Board of Directors of Min;
the Company is as follow: - Director : Swandajani
Gunadi;
BOARD OF DIRECTORS - Director : Niko
• President Director : I Dewa Made Susila Kurniawan
(effective since the date of passing Fit and Bonggowarsito;
Proper test from Financial Services Authority); - Director : Harry Latif;
• Director : Ho Lioeng Min; - Director : Jin Yoshida.
• Director : Swandajani Gunadi;
• Director : Niko Kurniawan With a term of office
Bonggowarsito; that will end until the
• Director : Harry Latif; closing of the 3rd (third)
• Director : Jin Yoshida. Annual General Meeting
of Shareholders after
With a term of office that will end until the this Meeting, namely
closing of the 3rd (third) Annual General Meeting the financial year
of Shareholders after this Meeting, namely the ending on December 31,
financial year ending on December 31, 2023, 2023, which will be held
which will be held in 2024, without prejudice to in 2024.
the rights of the General Meeting of Shareholders
to terminate it (-them) at any time; and
2. To authorize the Board of Directors of the 2. The changes of the
Company to state the resolutions of the fifth Company’s data have
Meeting agenda in one or more deed drawn up been set forth in the
before a Notary; submit notification of changes Deed of Decision
to the Company’s data to the Minister of Law and Statement of Annual
Human Rights of the Republic of Indonesia. General Meeting of
Shareholders Number
107 dated March 30,
2022, drawn up before
Mala Mukti, S.H., LL.M.,
Notary in Jakarta.
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Total
Proposal Realization
Agree Abstain Disagree
The Sixth Meeting Agenda
1. Granting approval to the Board of 921,508,450 5,700 679,028 The approval of the GMS
Directors of the Company to transfer and/ shares or shares or shares or has been stated in the
or collateralize the Company’s debt assets in 99.92575% 0.0006181% 0.0736319% Deed of Minutes of the
the form of Company’s receivables of more than Annual General Meeting of
50% (fifty percent) but not exceeding 400% (four Shareholders of PT Adira
hundred percent) of the Company’s net worth, Dinamika Multi Finance
in order to guarantee the payment of Bonds to Tbk Number 106 dated
be issued by the Company and other payables March 30, 2022, drawn up
provided that: before Mala Mukti, S.H.,
a. the joint financing assets between LL.M Notary in Jakarta.
the Company and PT Bank Danamon Indonesia
Tbk were excluded from the pledged assets;
and
b. gearing ratio shall not exceed 6.5 (six point five)
times of total net worth based on the latest
financial statements audited by the Public
Accounting Firm, provided that if the
gearing ratio has reached 6 (six) times of
the net worth, the Board of Directors of the
Company must obtain approval from the Board
of Commissioners of the Company and
Majority Shareholders;
2. Whereas such action does not violate the terms
and conditions set forth in the agreements
between the Company and a third party; and
3. Authorizing the Board of Directors of the
Company to take all necessary actions in relation
to the guarantee of the Company’s receivables/
billing, including but not limited to signing
fiduciary guarantee certificates before a Notary.
In addition to deliver some resolutions, there was • Use of Proceeds from Bonds Public
report submitted in the Annual GMS as follows: Offering until August 20, 2021 for
1. Report on the realization of the use of proceeds motor vehicle consumer financing of
from the issuance of Adira Finance Continuous IDR1,295,961,183,334.00
Bond V Phase II of Year 2021 where;
• Total proceeds of Bond Public Offering of Therefore, the remaining bond proceeds were
IDR1,300,000,000,000.00; IDR0 or had been fully used. The use of such
• Bond Public Offering Cost of bond proceeds has been in accordance with
IDR4,038,816,666.00; the prospectus and have been reported by the
• Net Proceeds of IDR1,295,961,183,334.00; Company to the Financial Services Authority on
August 20, 2021, by Letter Number 341/ADMF/CS/
VIII/21.
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2. Report on the realization of the use of proceeds from the issuance of Adira Finance Continuous Sukuk
Mudharabah IV Phase II of Year 2021.
• Total proceeds of Sukuk Mudharabah Public Offering of IDR200,000,000,000.00;
• Sukuk Mudharabah Public Offering Cost of IDR729,100,001.00;
• Net Proceeds of IDR199.270.899.999,00;
• Use of Proceeds from Sukuk Mudharabah Public Offering until August 20, 2021, for consumer
financing related to the Company’s business in the form of murabahah of IDR199,270,899,999.00.
Therefore, the remaining Sukuk Mudharabah proceeds were Rp0 or had been fully used. The use of such
bond proceeds has been in accordance with the prospectus and have been reported by the Company to
the Financial Services Authority August 20, 2021, by Letter Number 338/ADMF/CS/VIII/21.
The implementation process of the Extraordinary GMS on June 3, 2022:
Provision Implementation
Notification of the Extraordinary GMS Plan to OJK
OJK Regulation Number 15/POJK.04/2020 requires the agenda Notification of the Extraordinary GMS Plan has been
of the GMS to be submitted to the OJK no later than 5 working submitted to the OJK on April 20, 2022 or 5 working days
days prior the announcement of the GMS plan is advertised by prior the announcement of the Extraordinary GMS is
the Company without taking into account the announcement advertised by the Company along with the agenda of the
date of the GMS. Extraordinary GMS.
Announcement of Extraordinary GMS Plan
UUPT, OJK Regulation Number 15/POJK.04/2020 and Announcement of Extraordinary GMS Plan was
the Company’s Articles of Association require that the submitted on April 27, 2022, or 14 calendar days before the
announcement of the planned GMS must be made 14 calendar advertisement date of Extraordinary GMS Invitation without
days before the date of the GMS summons without taking into taking into account the date of Announcement/Notification
account the Announcement date and the date of the Invitation. and Invitation through:
a. IDX official website;
In addition, OJK Regulation Number 15/POJK.04/2020 stipulates b. KSEI website as e-GMS provider; and
that announcements must be made through: c. the Company’s official website (www.adira.co.id) in
a. Website of e-GMS provider; Indonesian and English.
b. The Stock Exchange’s official website;
c. The Public Company’s official website, in Indonesian
and foreign languages, provided that the foreign
language used is at least English.
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Provision Implementation
Extraordinary GMS Invitation
Both the UUPT and the Company’s Articles of Association Extraordinary GMS Invitation was conducted by the
prevailing during the GMS states that the GMS Invitation shall Company on May 12, 2022, or 21 calendar days before the
be made within 14 days before the GMS convention, while OJK advertisement date of Extraordinary GMS Invitation without
Regulation Number 15/POJK.04/2020 states that the taking into account the Invitation date and Extraordinary
GMS Invitation shall be made within a period of at least 21 days GMS date. The Invitation was made through:
prior to the date of the GMS convened, without taking into a. IDX official website;
account the invitation and GMS date. b. KSEI website; and
c. the Company’s official website (www.adira.co.id) in
In addition, OJK Regulation No. 15/POJK.04/2020 also specifies Indonesian and English.
that the Invitation should be made through:
a. website of e-GMS provider; This Invitation has covered:
b. the stock exchange’s official website; a. convention date is June 3, 2022;
c. the public company’s official website, in Indonesian b. convention time: 10.00 Western Indonesia Time
and foreign languages, provided that the foreign c. convention place is in A-D-I-R-A Hall, PT Adira Dinamika
language used is at least English. Multi Finance Tbk, Millenium Centennial Center 60th
Floor, Jl. Jendral Sudirman Kav. 25, Jakarta;
OJK Regulation Number 15/POJK.04/2020 also states that the d. provisions on the shareholders entitled to attend the
Invitation must consist of the following information: meeting, which were the shareholders registered in the
a. convention date; Company’s List of Shareholders or registered with
b. convention time; Indonesian Central Securities Depository (KSEI) on May 11,
c. convention venue; 2022; and
d. provisions on the shareholders entitled to attend the meeting; e. meeting agenda, including the description for
e. meeting agenda including the description for each agenda; each agenda, which was 1 meeting agenda and the
and description; and.
f. information stating that the materials for each meeting
agenda is available for the shareholders since the date of GMS Information stating that the materials for each meeting
Invitation until to its convention date. agenda is available for the shareholders at the head office
of Adira Finance since the date of the Extraordinary GMS
Invitation up to Extraordinary GMS convened.
Extraordinary GMS Convention
UUPT, OJK Regulation Number 15/POJK.04/2020, and the Extraordinary GMS was convened on June 3, 2022 in Hall
Company’s Articles of Association require the GMS to be held A-D-I-R-A, PT Adira Dinamika Multi Finance Tbk, Millenium
at the Company’s domicile or the place where the Company Centennial Center 60th Floor, Jl. Jenderal Sudirman Kav. 25,
conducts its principal business activities as determined in the Jakarta.
articles of association or in the stock exchange’s domicile where
the Company’s shares are listed. The Company’s head office is
located in South Jakarta.
Notification of Summary of Extraordinary GMS Minutes
OJK Regulation Number 15/POJK.04/2020 requires the On June 6, 2022 or 1 business day after Extraordinary
Announcement of GMS Minutes to be announced publicly 2 GMS Convention, the minutes were submitted to OJK
business days after the GMS at the latest and its announcement and advertised in Investor Daily Indonesia in Indonesian
proof shall be submitted to the OJK latest 2 business days since language and having national distribution.
the announcement.
The Attendance of Board of Commissioners and Board of Directors in Extraordinary GMS on June 3, 2022:
Name Position Attendance
Board of Commissioners
Yasushi Itagaki President Commissioner Not Present
Krisna Wijaya Independent Commissioner Present
Manggi Taruna Habir Independent Commissioner Present via Zoom Webinar
Eng Heng Nee Philip Commissioner Not Present
Congsin Congcar Commissioner Not Present
Board of Directors
I Dewa Made Susila President Director Present via Zoom Webinar
Swandajani Gunadi Director Present via Zoom Webinar
Niko Kurniawan Bonggowarsito Director Present
Harry Latif Director Present via Zoom Webinar
Jin Yoshida Director Present via Zoom Webinar
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Name Position Attendance
Audit Committee
Manggi Taruna Habir Chairman Present via Zoom Webinar
Jusuf Sukiman Member Present via Zoom Webinar
Risk Monitoring Committee
Krisna Wijaya Chairman Present
Manggi Taruna Habir Member Present via Zoom Webinar
Rio Erriad Member Present via Zoom Webinar
Governance Committee
Diyah Sasanti Member Present via Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrahman Djamil, M.A. Chairman Present via Zoom Webinar
Prof. Dr. Noor Achmad, M.A. Member Present via Zoom Webinar
Dr. Rini Fatma Kartika M.H. Member Present via Zoom Webinar
Decision Making Mechanism
At the Extraordinary GMS held on June 3, 2022, the Meeting was chaired by Krisna Wijaya (Independent
Commissioner of the Company) appointed by the Board of Commissioners to chair the Extraordinary GMS.
The Chairman read the rules of the GMS. The chairman gave the shareholders the opportunity to ask
questions on each meeting agenda. The meeting chairman and/or a member of the Board of Directors
appointed gave an explanation or response to any questions asked. After all the questions were answered,
the vote was then held, whereby only the shareholders or their legal representatives can vote. Each 1 share
gives the shareholder the right of 1 vote.
Independent Party as Vote Counter
To perform vote counting in every agenda of Extraordinary GMS, the Company appointed Notary Mala
Mukti, S.H., LL.M. and PT Adimitra Jasa Korpora as the party performing the vote count or validating the
votes.
Extraordinary GMS Resolutions on June 3, 2022
The resolutions of Extraordinary GMS and its realization:
Total
Proposal Realization
Agree Abstain Disagree
Meeting Agenda
1. a. To accept the resignation of Muliadi Rahardja from 932,121,577 1,100 shares 177,700 1. the composition
his position as Commissioner of the Company, shares or 0.0001% shares or of the Board of
which has been in effect since the closing of the or 99.9808% 0.0191% Commissioners and
Meeting, and thanked him for his contribution to the Board of Directors
the Company; and of the Company are as
b. To accept the resignation of Ho Lioeng Min follow:
from his position as Director of the Company,
which has been in effect since the closing of the BOARD OF
Meeting, and thanked him for his contribution to COMMISSIONERS
the Company. President
Commissioner :
Thus, the composition of the Board of Commissioners Yasushi Itagaki;
and the Board of Directors of the Company are as Independent
follow: Commissioner : Krisna
Wijaya;
BOARD OF COMMISSIONERS: Independent
• President Commissioner : Yasushi Itagaki; Commissioner :
• Independent Commissioner : Krisna Wijaya; Manggi Taruna Habir;
• Independent Commissioner : Manggi Taruna Commissioner : Eng
Habir; Heng Nee Philip;
• Commissioner : Eng Heng Nee Philip; Commissioner :
• Commissioner : Congsin Congcar; Congsin Congcar;
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Total
Proposal Realization
Agree Abstain Disagree
BOARD OF DIRECTORS BOARD OF
• President Director : I Dewa Made Susila (effective DIRECTORS
since the date of passing Fit and Proper Test President Director :
from Financial Services Authority); I Dewa Made Susila
• Director : Swandajani Gunadi; (effective since the
• Director : Niko Kurniawan Bonggowarsito (Niko date of passing Fit
Kurniawan Bonggo W); and Proper Test from
• Director : Harry Latif; Financial Services
• Director : Jin Yoshida, Authority);
Director : Swandajani
with a term of office that will end until the closing Gunadi;
of the Annual General Meeting of Shareholders Director : Niko
for financial year ending on December 31, 2023, Kurniawan
which will be held in 2024, without prejudice to the Bonggowarsito;
rights of the General Meeting of Shareholders to Director : Harry Latif;
terminate it (-them) at any time; and Director : Jin Yoshida,
2. To authorize the Board of Directors of the Company with a term of office
to state the resolutions of the Meeting agenda that will end until the
in one or more deed drawn up before a Notary; closing of the Annual
submit notification of changes to the Company's General Meeting
data to the Minister of Law and Human Rights of of Shareholders for
the Republic of Indonesia. financial year ending
on December 31, 2023,
which will be held in
2024.
2. The Extraordinary
GMS approval has
been set forth in
the Minutes of
Extraordinary GMS
Number 12 dated
June 3, 2022, drawn
up before Mala Mukti,
S.H., LL.M., Notary in
Jakarta.
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The implementation process of the Extraordinary GMS on October 3, 2022:
Provision Implementation
Notification of the Extraordinary GMS Plan to OJK
OJK Regulation Number 15/POJK.04/2020 requires the agenda Notification of the Extraordinary GMS Plan has been
of the GMS to be submitted to the OJK no later than 5 working submitted to the OJK on August 18, 2022, or 5 working days
days before the announcement of the GMS plan is advertised by before the announcement of the Extraordinary GMS is
the Company without taking into account the announcement advertised by the Company along with the agenda of the
date of the GMS. Extraordinary GMS.
Announcement of Extraordinary GMS Plan
UUPT, OJK Regulation Number 15/POJK.04/2020 and Announcement of Extraordinary GMS Plan was submitted
the Company’s Articles of Association require that the on August 25, 2022, or 14 calendar days before the
announcement of the planned GMS must be made 14 calendar advertisement date of Extraordinary GMS Invitation without
days before the date of the GMS summons without taking into taking into account the date of Announcement/Notification
account the Announcement date and the date of the Invitation. and Invitation through:
a. IDX official website;
In addition, OJK Regulation Number 15/POJK.04/2020 stipulates b. KSEI website as e-GMS provider; and
that announcements must be made through: c. the Company’s official website (www.adira.co.id) in
a. website of e-GMS provider; Indonesian and English.
b. the stock exchange’s official website;
c. the public company’s official website, in Indonesian
and foreign languages, provided that the foreign
language used is at least English.
Extraordinary GMS Invitation
Both the UUPT and the Company’s Articles of Association GMS Invitation was conducted by the Company on
prevailing during the GMS states that the GMS Invitation shall September 9, 2022, or 21 calendar days before the
be made within 14 days before the GMS convention, while advertisement date of GMS Invitation without taking into
OJK Regulation Number 15/POJK.04/2020 states that the GMS account the Invitation date and GMS date. The Invitation
Invitation shall be made within a period of at least was made through:
21 days prior to the date of the GMS convened, without taking a. IDX official website;
into account the invitation and GMS date. b. KSEI website; and
c. the Company’s official website (www.adira.co.id) in
In addition, OJK Regulation No. 15/POJK.04/2020 also Bahasa Indonesia and English.
specifies that the Invitation should be made through:
a. website of e-GMS provider; This Invitation has covered:
b. the Stock Exchange’s official website; a. convention date is October 3, 2022
c. the Public Company’s official website, in Indonesian b. convention time 10.42 Western Indonesia Time;
and foreign languages, provided that the foreign c. convention place is in A-D-I-R-A Hall, PT Adira Dinamika
language used is at least English. Multi Finance Tbk, Millenium Centennial Center 60th
Floor, Jl. Jendral Sudirman Kav. 25, Jakarta;
OJK Regulation Number 15/POJK.04/2020 also states that the d. provisions on the shareholders entitled to attend the
Invitation must consist of the following information: meeting, which were the shareholders registered in the
a. convention date; Company’s List of Shareholders or registered with
b. convention time; Indonesian Central Securities Depository (KSEI) on
c. convention venue; August 25, 2022; and
d. provisions on the shareholders entitled to attend the meeting; e. meeting agenda, including the description for
e. meeting agenda including the description for each agenda; each agenda, which was 1 meeting agenda and the
and description; and.
f. information stating that the materials for each meeting
agenda is available for the shareholders since the date of GMS Information stating that the materials for each meeting
Invitation until to its convention date. agenda is available for the shareholders at the head office
of Adira Finance since the date of Extraordinary GMS
Invitation up to the Extraordinary GMS convened.
Extraordinary GMS Convention
UUPT, OJK Regulation Number 15/POJK.04/2020, and the Extraordinary GMS was convened on October 3, 2022, in Hall
Company’s Articles of Association require the GMS to be held A-D-I-R-A, PT Adira Dinamika Multi Finance Tbk, Millenium
at the Company’s domicile or the place where the Company Centennial Center 60th Floor, Jl. Jenderal Sudirman Kav. 25,
conducts its principal business activities as determined in the Jakarta.
articles of association or in the stock exchange’s domicile where
the Company’s shares are listed. The Company’s head office is
located in South Jakarta.
Notification of Summary of Extraordinary GMS Minutes
OJK Regulation Number 15/POJK.04/2020 requires the On October 4, 2022 or 1 business day after the Extraordinary
Announcement of GMS Minutes to be announced publicly 2 GMS Convention, the GMS minutes were submitted to OJK
business days after the GMS at the latest and its announcement and advertised in Investor Daily Indonesia in Indonesian
proof shall be submitted to the OJK latest 2 business days since language and having national distribution.
the announcement.
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The Attendance of Board of Commissioners and Board of Directors in Extraordinary GMS on October 3, 2022:
Name Position Attendance
Board of Commissioners
Yasushi Itagaki President Commissioner Not Present
Krisna Wijaya Independent Commissioner Present
Manggi Taruna Habir Independent Commissioner Present via Zoom Webinar
Eng Heng Nee Philip Commissioner Not Present
Congsin Congcar Commissioner Not Present
Board of Directors
I Dewa Made Susila President Director Present via Zoom Webinar
Swandajani Gunadi Director Present via Zoom Webinar
Niko Kurniawan Bonggowarsito Director Present
Harry Latif Director Present via Zoom Webinar
Jin Yoshida Director Present via Zoom Webinar
Audit Committee
Manggi Taruna Habir Chairman Present via Zoom Webinar
Jusuf Sukiman Member Present via Zoom Webinar
Risk Monitoring Committee
Krisna Wijaya Chairman Present
Manggi Taruna Habir Member Present via Zoom Webinar
Rio Erriad Member Present via Zoom Webinar
Governance Committee
Diyah Sasanti Member Present via Zoom Webinar
Sharia Supervisory Board
Prof. Dr. H. Faturrahman Djamil, M.A. Chairman Present via Zoom Webinar
Prof. Dr. Noor Achmad, M.A. Member Present via Zoom Webinar
Dr. Rini Fatma Kartika M.H. Member Present via Zoom Webinar
Decision Making Mechanism
At the Extraordinary GMS held on October 3, 2022, the Meeting was chaired by Krisna Wijaya (Independent
Commissioner of the Company) appointed by the Board of Commissioners to chair the Extraordinary
GMS. The Chairman read the rules of the Extraordinary GMS. The Chairman gave the shareholders the
opportunity to ask questions on each meeting agenda. The meeting chairman and/or a member of the
Board of Directors appointed gave an explanation or response to any questions asked. After all the questions
were answered, the vote was then held, whereby only the shareholders or their legal representatives can
vote. Each 1 share gives the shareholder the right of 1 vote.
Independent Party as Vote Counter
To perform vote counting in every agenda of the Extraordinary GMS, the Company appointed Notary Mala
Mukti, S.H., LL.M. and PT Adimitra Jasa Korpora as the party performing the vote count or validating the
votes.
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Extraordinary GMS Resolutions on October 3, 2022
The resolutions of the Extraordinary GMS and its realization:
Total
Proposal Realization
Agree Abstain Disagree
Meeting Agenda
1. To approve the appointment of Hafid 922,308,177 1,600 97,300 1. the composition of the Board of
Hadeli as Commissioner of the Company, shares shares or shares or Commissioners and the Board of
effective since the date of passing the Fit or 99.99% 0.00% 0.01% Directors of the Company are as
and Proper Test from Financial Services follow:
Authority upon his appointment as
Commissioner of the Company, for the BOARD OF COMMISSIONERS
remaining term of office of the current President Commissioner : Yasushi
Board of Commissioners and the Board of Itagaki;
Directors. Independent Commissioner :
Thus, the composition of the Board of Krisna Wijaya;
Commissioners and the Board of Directors Independent Commissioner :
are as follow: Manggi Taruna Habir;
Commissioner : Eng Heng Nee
BOARD OF COMMISSIONERS: Philip;
- President Commissioner : Yasushi Itagaki; Commissioner : Congsin Congcar;
- Independent Commissioner : Krisna Wijaya; Commissioner : Hafid Hadeli
- Independent Commissioner : Manggi (effective since the date of
Taruna Habir; passing Fit and Proper Test from
- Commissioner : Eng Heng Nee Philip; Financial Services Authority);
- Commissioner : Congsin Congcar
- Commissioner : Hafid Hadeli (effective since BOARD OF DIRECTORS
the date of passing Fit and Proper Test President Director : I Dewa Made
from Financial Services Authority); Susila
Director : Swandajani Gunadi;
BOARD OF DIRECTORS Director : Niko Kurniawan
- President Director : I Dewa Made Susila; Bonggowarsito;
- Director : Swandajani Gunadi; Director : Harry Latif;
- Director : Niko Kurniawan Bonggowarsito Director : Jin Yoshida,
(Niko Kurniawan Bonggo W);
- Director : Harry Latif; with a term of office that will end
- Director : Jin Yoshida; until the closing of the Annual
General Meeting of Shareholders
with a term of office that will end until the for financial year ending on
closing of the Annual General Meeting of December 31, 2023, which will be
Shareholders for financial year ending on held in 2024.
December 31, 2023, which will be held in
2024, without prejudice to the rights of 2. The Extraordinary GMS approval
the General Meeting of Shareholders to has been set forth in the Minutes
terminate it (-them) at any time; and of Extraordinary GMS Number
1 dated October 3, 2022, drawn
up before Mala Mukti, S.H., LL.M.,
Notary in Jakarta.
2. To authorize the Board of Directors of
the Company to state the resolutions of
the fifth Meeting agenda in one or more
deed drawn up before a Notary; submit
notification of changes to the Company's
data to the Minister of Law and Human
Rights of the Republic of Indonesia.
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For 2024, the Annual GMS is scheduled to be held If the shareholder is a legal entity, the above
on March 27, 2024. provisions shall also apply to the Board of Directors
who are shareholders.
Adira Finance’s Shareholders
Adira Finance’s issued shares are common In addition, the Company's Controlling
stock. Therefore, there is no difference between Shareholders are required to meet all fit and
Controlling Shareholders, other than the total proper requirements, in accordance with the
ownership amount. Financial Services Authority Regulation Number 4/
POJK.05/2013 dated 23 December 2013 concerning
Requirements Fit and Proper Test for Main Parties in Insurance
For the controlling shareholders, in accordance Companies, Pension Funds, Companies Financing
with OJK Regulation Number 28/POJK.05/2014, and Financing Companies and OJK Regulation
controller of financing companies must meet No. 27/POJK.03/2016 concerning Fit and Proper Test
the requirements, among others submitting the for Main Parties in Financial Services Institutions
following written statement: and OJK Circular Letter No. 31/SEOJK.3/2016
1. Capital deposit that is not originated from concerning Fit and Proper Test for Non-Bank
loans; Financial Services.
2. Capital deposit that is not originated from
money laundering activities and financial The fit and proper requirements that must be met
crimes; by the Controlling Shareholder are as follows:
3. Not recorded in the list of non-performing 1. Integrity factors which include:
loans; a. Capable of carrying out legal actions;
4. Not listed in the Unqualified List (DTL) in b. Have good character and morals, at least
banking sector; shown by complying with applicable
5. Never been penalized for committing crimes in regulations, including never having been
the financial service and/or economic sector in convicted of a criminal act within a certain
5 (five) years; period of time before being nominated;
6. Never been declared bankrupt or declared c. Have a commitment to comply with laws
guilty which causes a company/enterprise and regulations and support OJK policies;
to be declared bankrupt by virtue of court d. Have a commitment to sound Financial
decision having permanent legal force; Services Institutions; and
7. Never been a controlling shareholder in a e. Does not include parties who are prohibited
financial services company whose business from being the Main Party.
permit was revoked due to violations in the last
5 (five) years.
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2. Financial Feasibility Factors which include: be declared bankrupt based on a court
a. Do not have bad credit and/or financing; decision within the last 5 (five) years before
b. Have never been declared bankrupt and/ being nominated;
or have never been controlling shareholder c. Have financial capabilities that can support
of an insurance company that is not a the development of Financial Services
shareholder, member of the board of Institutions; and
directors, board of commissioners or d. Have a commitment to make the necessary
Member Representative Body who were efforts if the Financial Services Institution
found guilty of causing a company to experiences financial difficulties.
The following is the pass status of the Fit and Proper Test of Adira Finance's Controlling Shareholders on
the issuance date of this Annual Report as follows:
Pass Date of the
Name Fit and Proper Description
Assessment
Stipulated based on the Decree of OJK Board of Commissioners
PT Bank Danamon Indonesia Tbk April 29, 2014
No. KEP-782/NB.1/2014
Stock Composition
In order to administer the shares, the Company appointed PT Adimitra Jasa Korpora as the Securities
Administration Bureau, which among others has the obligation to:
1. Provide monthly shareholder reports.
2. Provide a report on share ownership that reaches 5% or more of the issued and fully paid shares.
3. Provide reports on share ownership of the Board of Directors and the Board of Commissioners.
4. Provide a list of controlling shareholders.
Company's Share Capital as of December 31, 2023:
Nominal Value Rp100 per Share
Description
Number of Shares Total Nominal Value (IDR)
Authorized Capital 4,000,000,000 400,000,000,000
Issued and Fully Paid Capital 1,000,000,000 100,000,000,000
Shares in Portfolio 3,000,000,000 300,000,000,000
List of the Company's 20 Largest Shareholders as of December 31, 2023:
No. Name Number of Shares (Unit) Ownership Percentage
1. PT. Bank Danamon Indonesia Tbk 920,700,000 92.07%
2. Corporate Investor 1 10,000,300 1.00%
3. Corporate Investor 2 5,931,200 0.59%
4. Corporate Investor 3 4,204,800 0.42%
5. Corporate Investor 4 3,909,600 0.39%
6. Corporate Investor 5 3,622,300 0.36%
7. Individual Investor 1 1,932,700 0.19%
8. Individual Investor 2 1,560,500 0.16%
9. Individual Investor 3 1,400,000 0.14%
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No. Name Number of Shares (Unit) Ownership Percentage
10. Individual Investor 4 1,004,500 0.10%
11. Individual Investor 5 910,500 0.09%
12. Corporate Investor 6 901,800 0.09%
13. Individual Investor 6 852,000 0.09%
14. Individual Investor 7 815,500 0.08%
15. Individual Investor 8 792,000 0.08%
16. Individual Investor 9 782,000 0.08%
17. Corporate Investor 7 640,900 0.06%
18. Individual Investor 10 588,700 0.06%
19. Individual Investor 11 545,000 0.05%
20. Individual Investor 12 528,900 0.05%
Throughout 2023 there were no significant change in share ownership, PT Bank Danamon Indonesia
Tbk remains the majority shareholder with 92.07% share ownership and no other shareholder has shares
above 5%.
Number of shareholders with ownership below 5%:
As of December 31, 2023, the composition of shareholders based on the origin of the investor consists of:
Ownership Percentage
No List of Shareholders Number of Shareholders Number of Shares
(%)
LOCAL SHARES
1. Institution 49 935,844,415 93.58
2. Individual 4,766 42,783,000 4.28
FOREIGN SHARES
1. Institution 46 20,618,385 2.06
2. Individual 12 754,200 0.08
TOTAL 4,873 1,000,000,000 100.00
Adira Finance's Shareholders Rights 5. The right to receive a share of the Company's
1. The right to submit a proposed agenda in each profits allocated to shareholders in the form of
Annual GMS to be conducted by the Company; dividends and other profit sharing in proportion
2. The right to propose and appoint members of to the number of shares owned.
the Company's Board of Commissioners and/or
Directors in a GMS; Responsibilities of Adira Finance's
3. The right to obtain information related to Shareholders
the Company, especially for the Company's 1. The controlling shareholders are required to
actions that require prior approval from the fulfill the requirements in accordance with the
shareholders in accordance with the provisions applicable laws and regulations;
of the applicable laws and regulations as well 2. The controlling shareholders are required to
as; meet the capital adequacy of the Financing
4. The right to receive notification and summons Company in the manner stipulated by the laws
for the implementation of the GMS, including and regulations;
the agenda to be discussed at the GMS; 3. Shareholders, understanding that the exercise
of their voting rights affects the management
of the Company, should as far as possible
exercise their voting rights for the benefit of the
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Company. Shareholders are free to choose the that the following is properly understood:
exercise of their voting rights. However, for a their responsibilities are proportionate to the
sound and transparent company management, influence they have;
a general shareholder must try to exercise all 8. Adira Finance shareholders are prohibited
the rights granted to him/her, such as paying from using Adira Finance for their personal
close attention to the implementation of or family interests, their business activities or
company management and exercising his/her business groups, in a manner that is contrary
voting rights; to the prevailing laws and regulations;
4. The controlling and influential shareholders 9. Shareholders are prohibited from interfering in
of the Company's management must act the operation of the Company, the authorization
in the interests of the Company and all its of which rests with the Board of Directors.
shareholders. For any action contrary to this,
the controlling shareholders shall bear the SUSTAINABILITY MANAGEMENT [GRI 2-11]
responsibility; [GRI 2-12][GRI 2-13]
5. A controlling shareholder is a party regardless The Company is committed to managing its
of the proportion of share ownership, which business activities by always paying attention
has de facto influence over important matters to economic, social and environmental
including the management of the Company, aspects. Therefore, in the implementation of
such as the appointment and dismissal of financing activities to the implementation of
management. Therefore, the controlling office operational activities, the Company has
shareholders must use their power in selecting done various efforts to protect the economic,
candidates for positions in the Board of environmental and social impacts through related
Commissioners and Directors who have high guidelines in order to realize business activities that
integrity and competence to be able to manage are in line with environmental conservation efforts
and control the Company in a healthy manner; and increase the positive impact on stakeholders.
6. The responsibility for operating the Company These efforts also contribute to the achievement
rests with the Board of Directors. In fact, of Sustainable Development Goals (SDGs), both at
however, it is difficult for directors to resist local and national levels.
the unequal power exercised by controlling
shareholders as long as they have influence The Company has a Sustainable Finance Action
over the selection of directors. Therefore, the Plan (SFAP) which serves as a guideline for specific
controlling shareholders, in addition to their environmental and social safeguards, and ensures
right to vote on the shares they own by virtue of that the sustainable benefits from our operations
their direct participation in the management of and business activities can be experienced by
the Company as directors, are obliged to accept stakeholders.
the responsibility imposed on them due to the
power conferred on them in relation to their To support the implementation of environmental
influence over the Company management; and social protection efforts, as well as to play a role
7. Any intervention in management by a in the implementation of related guidelines, the
controlling shareholder that is against the Company has established a working group in 2020
interests of the Company, can be controlled which includes the Strategic Marketing Division,
through strengthening the managerial Corporate University Division, Credit & Collection
accountability of the directors. However, the Division, HCGA Division, Brand Communication
influence of the controlling shareholders Division, Compliance & AML Division and
over the management of the Company, in Corporate Secretary & Investor Relations Division.
addition to exercising their voting rights or The implementation of the Sustainable Finance
direct participation in the management of Program is the responsibility of the Marketing
the Company as directors, is essential so Director, HCGA, CREM & Corpu.
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DUTIES AND RESPONSIBILITIES OF SUSTAINABILITY ASPECTS [SEOJK E.1][GRI 2-14]
Adira Finance has appointed Marketing Director, HCGA, CREM & Corpu and several divisions under it to
be responsible for the economic, environmental, and social activities in the Sustainable Finance Action
Plan. Environmental and social related activities including managing impacts, risks, and opportunities are
carried out by several related divisions that are under different directorates.
In monitoring the Sustainable Finance Action, it is necessary to apply the four-eyes principle to increase
the effectiveness and efficiency of the implementation of sustainable finance actions, especially in lending
to business activities in the sustainable category. The Units in Charge and Person in Charge for monitoring
& evaluation of Sustainable Finance Actions are as follows: [GRI 2-13]
Activities Unit in Charge PIC
Monitoring the Realization of Establishment of a Corporate Secretary Head of Corporate Secretary
Special sustainable finance management Unit
Monitoring the Realization of Sustainable Corporate Secretary Head of Corporate Secretary
Finance Policy Preparation
Monitoring the Implementation of Internal Corporate University Head of Corporate University
Education
Monitoring the Realization of Corporate Social Brand & Communication, • Head of Brand & Communication;
Responsibility Human Capital & General • Head of Human Capital & General
Affair, Corporate University Affair;
• Head of Corporate University
Monitoring of Workplace Management Human Capital & General Head of Human Capital &
Affair General Affair
Monitoring of credit disbursement to Sustainable Credit Head of Credit
Business Activities Category
Credit Risk Profile Monitoring Risk Management Head of Risk Management
Sampling of Compliance Test on lending to Compliance & AML Head of Compliance
Sustainable Business Activities Category
Evaluation of the Sustainable Finance Action Sustainability Work Team Sustainability Work Team
Program Coordinator
Evaluation of the implementation of the SFAP program is carried out once every 3 (three) months, by
comparing the program implementation plans listed in the SFAP. In the event that Sustainable Finance
cannot be implemented in accordance with the work program and timeline that has been planned, the
Company will follow up as follows: [SEOJK E.3][GRI 2-18]
a) Reviewing the performance indicators used for the following years based on the realization of the
Sustainable Finance program that has been implemented;
b) Revise the Sustainable Finance Action Plan.
SUSTAINABLE FINANCIAL COMPETENCY DEVELOPMENT [SEOJK E.2][GRI 2-17]
Sustainability and climate change continue to be the main discussion in the financial world, including for
Adira Finance, which regularly develops competence in sustainable finance for the Board of Commissioners
and the Board of Directors. It is important to do this so that the highest levels of management get strategic
knowledge and the latest information on sustainability aspects, especially economic, environmental and
social in order to be in line with the commitment of the Government of Indonesia which has declared the
SDGs and Net Zero Emission targets.
The process of improving employee competence related to social and environmental risk management
includes [FS4]:
Activities Venue and Date Participants
SAP Southeast Asia Singapore, July 25, 2023 Swandajani Gunadi, Sylvanus
Gani Kukuh Mendrofa
Powering sustainable and intelligent enterprises, with
latests cloud solution for Customer Experience, ERP,
Spend Management and Sustainability
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
BOARD OF COMMISSIONERS a. Audit Committee;
b. Risk Monitoring Committee;
The Board of Commissioners is a Company’s c. Nomination and Remuneration Committee;
instrument that is in charge of general and/or and
specific supervision and providing guidance to the d. Corporate Governance Committee.
Board of Directors.
Authorities of the Board of
Duties and Responsibilities of the Board Commissioners
of Commissioners The Board of Commissioners has the following
1. The Board of Commissioners must ensure the authorities:
implementation of Good Corporate Governance 1. Pursuant to the Company's Articles of
(GCG) in every business activity of the Company Association, the Board of Commissioners has
at every level and hierarchy of the Company's the authority to give approval to the Board of
organization; Directors in carrying out certain legal actions;
2. periodically reviews the Company’s Vision and 2. The Board of Commissioners has the authority
Mission; to temporarily dismiss members of the Board
3. The Board of Commissioners must supervise of Directors by stating the reasons;
the implementation of the duties and 3. The Board of Commissioners can take actions
responsibilities of the Board of Directors, as to manage the Company under certain
well as provide advice/guidance to the Board of conditions and for a certain period of time in
Directors; accordance with the provisions of the Articles
4. In conducting supervision, the Board of of Association or the resolutions of the GMS.
Commissioners must direct, monitor and
evaluate the implementation of the Company's Board Charter of the Board of
strategic policies; Commissioners
5. In conducting supervision, the Board of In performing its duties and responsibilities, the
Commissioners is prohibited from being Board of Commissioners of Adira Finance is guided
involved in the decision-making of the by:
Company's operational activities, except for: a. Law No. 40 of 2007 on Limited Liability
a. provision of funds to related parties as Companies;
regulated in the applicable laws and b. OJK Regulation No. 33/POJK.04/2014 on the
regulations; Board of Directors and Board of Commissioners
b. other matters as stipulated in the Company’s of Issuers or Public Companies;
Articles of Association or the applicable laws c. OJK Regulation No. 30/POJK.05/2014 on
and regulations. Good Corporate Governance for Financing
6. Decision making by the Board of Commissioners Companies as amended by OJK Regulation No.
as referred to above does not negate the 29/POJK.05/2020;
responsibility of the Board of Directors for the d. Articles of Association of the Company;
implementation of the management of the e. Charter of the Board of Commissioners dated
Company; July 29, 2021.
7. The Board of Commissioners must allocate
sufficient time to effectively implement its Charter of the Board of Commissioners of Adira
duties and obligations; Finance regulates, among others:
8. The Board of Commissioners must ensure i. Legal Basis;
that the Board of Directors has followed-up all ii. Organization;
audit findings and recommendations from the iii. Requirements of Members of the Board of
Company's internal audit unit, external auditors, Commissioners;
audit results from the Ministry of Finance and/ iv. Appointment, Resignation, and Dismissal;
or audit results from other authorities; v. Term of Office;
9. In order to support the effective implementation vi. Independence;
of its duties and responsibilities, the Board of vii. Duties and Responsibilities;
Commissioners shall establish at least: viii. Authorities;
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ix. Independent Commissioner; Requirements of the Board of
x. Concurrent Positions of Members of the Board Commissioners
of Commissioners; Furthermore, members of the Board of
xi. Orientation for New Members of the Board of Commissioners of the Company are required to
Commissioners; fulfill all fit and proper requirements, in accordance
xii. Transparency; with the Financial Services Authority Regulation
xiii. Work Ethics; No. 27/POJK.03/2016 on Fit and Proper Test for
xiv. Meetings; Main Parties of Non-Bank Financial Institutions
xv. Reporting and Accountability; and OJK Circular Letter No. 31/SEOJK.05/2016 on
xvi. Training; Fit and Proper Test for Main Parties of Non-Bank
xvii. Others. Financial Institutions.
The Charter of the Board of Commissioners has The following are the fit and proper requirements
also been uploaded to the Company’s official that must be fulfilled by a member of the
website at www.adira.co.id. Company’s Board of Commissioners:
1. Integrity Factor, which includes:
Appointment, Dismissal, and a. Competent in conducting legal actions;
Resignation of Members of the Board of b. Having good character and morals,
Commissioners indicated at least through compliance with
Pursuant to the provisions of Law No. 40 of 2007 the applicable provisions, including never
on Limited Liability Companies (Limited Company being punished for being proven to commit
Law), particularly Article 111, OJK Regulation a crime within a certain time period prior to
No. 33/POJK.04/2014 on the Board of Directors the nomination, including:
and Board of Commissioners of Issuers or Public 1) Criminal acts in the financial services
Companies and the Articles of Association of Adira sector whose criminal offenses have
Finance, which stipulated that the appointment been completed within the last 20 years
and dismissal of members of the Board of prior to being nominated;
Commissioners is carried out through the GMS. 2) Criminal acts, namely criminal acts
In addition, the Company's Articles of Association listed in the Criminal Code (KUHP) and/
also regulates that the term of office of each or similar law abroad with a threat of
member of the Board of Commissioners ended at imprisonment of 1 year or more whose
the closing of the third Annual GMS after the date penalty has been completed within the
of appointment, without prejudice to the right last 10 years prior to being nominated;
of the GMS to dismiss members of the Board of and/or
Commissioners at any time prior to the end of their 3) Other crimes punishable by
term of office. imprisonment of 1 (one) year or more,
including corruption, money laundering,
In addition, in accordance with the provisions of narcotics/psychotropics, smuggling,
OJK Regulation No. 33/POJK.04/2014 on the Board customs, excise, human trafficking,
of Directors and Board of Commissioners of Issuers trafficking of arms trade, terrorism,
or Public Companies, members of the Board of counterfeiting, in the field of taxation,
Commissioners may also resign from their positions in forestry, in the environmental sector,
prior to the end of their term of office. Furthermore, and in the marine and fishery sector,
the Company has the obligation to convene a GMS whose penalty have been completed
to decide on the resignation, no later than 90 days within the last 20 (twenty) years prior to
after the receipt of the resignation application. being nominated;
Upon the resignation of members of the Board of c. Has a commitment to comply with laws and
Commissioners, the Company shall also disclose regulations and support OJK policies;
information to the public and submit it to the OJK d. Has a commitment to the development
no later than 2 (two) working days after the receipt of sound Non-Bank Financial Services
of the application and the result of the GMS. Institutions;
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e. Not included as a party that is prohibited appointed as Vice President Commissioner
from being a candidate for the Main Party. and members of the Board of Commissioners
2. Financial Reputation Factor, which includes: may also serve as Independent Commissioners
a. Has no non-performing loan and/or non- who are not affiliated with the majority
performing financing; and shareholders, members of the Board of
b. Never been declared bankrupt and/ Directors, and/or fellow members of the Board
or having never been a shareholder, of Commissioners.
controlling an insurance company that is
not a shareholder, member of the board of Composition of the Board of
directors, executive manager, or member of Commissioners
the board of commissioners who is found The Company’s current Board of Commissioners is
guilty of causing a company to be declared established based on the resolution of the Annual
bankrupt within the last 5 (five) prior to the GMS on April 4, 2023, consisting of 6 (six) members
nomination. with the following composition of the Board of
3. Competency Factor, which includes: Commissioners:
a. Knowledge and strategic management • 1 (one) President Commissioner and 5 (five)
capabilities undertaken to ensure that Commissioners;
members of the board of commissioners: • 4 (four) members of 6 (six) members of the
(1) Have sufficient and relevant knowledge Board of Commissioners residing in Indonesia;
to his/her position; • 2 (two) members of 6 (six) members of the Board
(2) Have an understanding of legislation; of Commissioners or 33.3% of the total number
(3) Have the ability to perform strategic of members of the Board of Commissioners are
management in the framework of sound Independent Commissioners, in accordance
business development. with OJK Regulation No. 33/POJK.04/2014
b. Experience in the field of Non-Bank on the Board of Directors and Board of
Financial Institutions and/or other fields Commissioners of Issuers or Public Companies
relevant to his/her position; and and exceeded the minimum number of
c. Expertise in the field of Non-Bank Financial Independent Commissioners as required
Institutions and/or other fields relevant to in OJK Regulation No. 30/POJK.05/2014 on
his/her position. Good Corporate Governance for Financing
Companies as amended by OJK Regulation
Reporting Obligation of the Board of No. 29/POJK.05/2020.
Commisisoners
Members of the Board of Commissioners shall Concurrent Positions of Members of the
report to the Company periodically or when there Board of Commissioners
was a change in: Pursuant to OJK Regulation No. 30/POJK.05/2014 as
• Their shareholdings and their family of 5% amended by OJK Regulation No. 29/POJK.05/2020
or more, either in Adira Finance or in other on Good Corporate Governance for Financing
companies domiciled in Indonesia or overseas. Companies, concerning the concurrent positions
• Concurrent positions, either in Adira Finance or of members of the Board of Commissioners is
in other companies or institutions. regulated as follows:
1. Members of the Board of Commissioners are
Structure of the Board of Commissioners prohibited from serving in concurrent positions
Pursuant to the Company’s Articles of Association, as members of the Board of Commissioners in
the structure of the Company’s Board of more than 3 other Finance Companies;
Commissioners shall consist of at least 3 (three) 2. The service will not be considered as concurrent
members of the Board of Commissioners with the position if:
following composition: a. Non-independent members of the Board
• 1 (one) President Commissioner; of Commissioners perform the functional
• 2 (two) Commissioners or more, provided duties of shareholders of financing
that from the members of the Board of companies in the form of legal entities in
Commissioners, 1 (one) person may be their business groups; and/or
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b. Members of the Board of Commissioners 2. In the event that a member of the Board of
hold their positions in non-profit Commissioners is not concurrently serving as a
organizations or institutions. member of the Board of Directors, the member
of the Board of Commissioners may serve at
Provided that the person concerned does not the maximum of 4 (four) other issuers or public
neglect the execution of duties and responsibilities companies; [GRI 2-11]
as a member of the Board of Commissioners of the 3. A member of the Board of Commissioners
Financing Company. may also serve concurrently as a committee
member at the maximum of 5 (five) committees
In addition, as a public company, provisions on of issuers or public companies, where the
concurrent positions stipulated in OJK Regulation related person also serves as a member of the
No. 33/POJK.04/2014 on the Board of Directors board of directors or a member of the board of
and Board of Commissioners of Issuers or Public commissioners;
Companies shall also apply to members of the 4. In the event that other laws and regulations
Company’s Board of Commissioners, which among governing the provisions on concurrent service
others regulate the following: is different from the provisions of this OJK
1. Members of the Board of Commissioners may Regulation, stricter regulations shall apply.
concurrently serve as:
a. Members of the board of directors at the Based on our data up to the date of issuance
maximum of 2 (two) other issuers or public of this Annual Report, all members of Adira
companies; and Finance’s Board of Commissioners still comply
b. Members of the board of commissioners with the provisions on concurrent position as
at the maximum of 2 (two) other issuers or stipulated in OJK Regulation No. 30/POJK.05/2014,
public companies. POJK No. 29/POJK.05/2020 and OJK Regulation
No. 33/POJK.04/2014.
The composition of members of the Company’s Board of Commissioners who are still in office at the time
of issuance of this 2023 Annual Report is:
Member
Name Domicile Position Ending Year Other Position Outside the Company
Since
Daisuke Jakarta President 2023 Closing of the Annual • President Director of PT Bank Danamon
Ejima Commissioner GMS of the 2023 Fiscal Indonesia Tbk
year
Krisna Jakarta Independent 2021 Closing of the Annual • President Commissioner of PT Jaminan
Wijaya Commissioner GMS of the 2023 Fiscal Kredit Indonesia
year • Independent Commissioner of PT Brilian
Indah Gemilang
• Director of Indonesian Banking
Development Institution (LPPI)
• Member of the Sharia Supervisory Board
of PT Chub Syariah Insurance
Manggi Jakarta Independent 2021 Closing of the Annual • Independent Commissioner of PT ABM-
Taruna Commissioner GMS of the 2023 Fiscal Investama Tbk
Habir year • Member of Audit Committee and Risk
Monitoring Committee of PT Bank Jago
Tbk
• President Commissioner of
PT Berdayakan Usaha Indonesia
Eng Heng Singapore Commissioner 2021 Closing of the Annual • Chairman of ALPS Pte. Ltd (formerly the
Nee Philip GMS of the 2023 Fiscal Agency for Healthcare Supply Chain Pte.
year Ltd)
• Chairman of TSI Tech Pte. Ltd
(formerly known as Transmex Systems
International Pte. Ltd)
Congsin Thailand Commissioner 2021 Closing of the Annual • Head of Krungsri Auto Group
Congcar GMS of the 2023 Fiscal
year
Hafid Indonesia Commissioner 2022 Closing of the Annual • Vice President Director PT Bank
Hadeli GMS of the 2023 Fiscal Danamon Indonesia Tbk
year
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Highlights Report Profile Discussion Governance and Social Data
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Information on the work experience and education history of each member of the Board of Commissioners
can be seen in the Corporate Data Section – Profile of Board of Commissioners.
Independence of the Board of Commissioners
To maintain their independence, each member of Adira Finance’s Board of Commissioners is not allowed
to have family relationships, financial relationships, management relationships, and share ownership
relationships with other members of the Board of Commissioners and members of the Board of Directors
of the Company.
The following tables show the presence or absence of family, financial, management and ownership
relationship of members of the Board of Commissioners.
Family Relationship:
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Kurniawan B.
I Dewa Made
Taruna Habir
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Nee Philip
Eng Heng
Danamon
Indonesia
Congcar
PT Bank
Congsin
Daisuke
Manggi
Gunadi
Wijaya
Krisna
Susila
Ejima
Farib
Niko
Tbk
1. Daisuke Ejima - - - - - - - - - - - -
2. Krisna Wijaya - - - - - - - - - - - -
3. Manggi Taruna
- - - - - - - - - - - -
Habir
4. Eng Heng Nee
- - - - - - - - - - - -
Philip
5. Congsin Congcar - - - - - - - - - - - -
6. Hafid Hadeli - - - - - - - - - - - -
Financial Relationship:
Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Kurniawan B.
I Dewa Made
Taruna Habir
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Nee Philip
Eng Heng
Danamon
Indonesia
Congcar
PT Bank
Congsin
Daisuke
Manggi
Gunadi
Wijaya
Krisna
Susila
Ejima
Farib
Niko
Tbk
1. Daisuke Ejima - - - - - - - - - - - √
2. Krisna Wijaya - - - - - - - - - - - -
3. Manggi Taruna
- - - - - - - - - - - -
Habir
4. Eng Heng Nee
- - - - - - - - - - - -
Philip
5. Congsin Congcar - - - - - - - - - - - -
6. Hafid Hadeli - - - - - - - - - - √
Notes:
Daisuke Ejima and Hafid Hadeli are respectively the President Director and Vice President Director of PT Bank Danamon Indonesia Tbk
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The following table sets forth the relationship between management and ownership of the members of
the Company’s Board of Commissioners in other financing companies as of the date of issuance of the
2023 Annual Report:
Management and Ownership in Other
Financing Companies
Description As Member of As Member Detailed Explanation
As
the Board of of the Board
Shareholder
Commissioners of Directors
Board of Commissioners Yes No Yes No Yes No
Daisuke Ejima - √ - √ - √
Krisna Wijaya - √ - √ - √ All members of the Board of
Commissioners do not have management
Manggi Taruna Habir - √ - √ - √
and ownership relationships in other
Eng Heng Nee Philip - √ - √ - √ financing companies
Congsin Congcar - √ - √ - √
Hafid Hadeli - √ - √ - √
Conflict of Interest of the Board of Commissioners
Throughout the fiscal year of 2023, all members of the Board of Commissioners had no conflicts of interest,
or potential conflicts of interest, with the Company. The Board of Commissioners is committed to avoiding
potential conflicts of interest and always positioning themselves to not be in a potential conflict of interest,
under any circumstances. If a conflict of interest occurs, the Board of Commissioners are prohibited from
taking actions that could harm or reduce the Company’s profits and are required to disclose the potential
conflict of interest in any decision.
The procedures that must be followed by members of the Board of Commissioners in the event of a conflict
of interest are as follows:
1. it is mandatory to immediately report in writing to the Board of Commissioners regarding all matters
that potentially create and/or involve conflicts of interest that have significant financial or reputational
implications;
2. they are not allowed to participate in the assessment process of all activities involving conflicts of
interest;
3. they may attend meetings but are not allowed to participate in decision-making.
Direct and Indirect Share Ownership in the Company, Financing Companies, and
Other Companies by the Board of Commissioners
Share Ownership
Family at Adira
Name Finance, Other
Adira Other Financing
Other Companies Financing
Finance Companies
Companies, and
Other Companies
Daisuke Ejima - - - -
Krisna Wijaya - - - -
Manggi Taruna Habir - - - -
Eng Heng Nee Philip - - - -
Congsin Congcar - - - -
Hafid Hadeli - - - -
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
INDEPENDENT COMMISSIONER 3. Not having any affiliation with the Company,
members of the Company’s Board of
As a public company, in accordance with OJK Commissioners, members of the Company’s
Regulation No. 33/POJK.04/2014 dated December Board of Directors, or the Company’s main
8, 2014 on the Board of Commissioners and Board shareholders;
of Directors of Issuers or Public Companies, 4. Not having direct or indirect business
Adira Finance is required to have Independent relationship related to the Company’s business
Commissioners with a minimum of 30% of all activities.
members of the Board of Commissioners of the
Company. In addition to the above provisions, Selection Procedure of Members of Independent
Independent Commissioners are also governed Commissioner:
by OJK Regulation No. 29/POJK.05/2020 on Good 1. The Board of Directors is entitled to propose
Corporate Governance for Financing Companies, the names of Independent Commissioners to
stipulating that a Financing Company shall have the Nomination and Remuneration Committee
at least 1 (one) Independent Commissioner. of the Company. The proposed candidate
must meet the required competence and
Independent Commissioner of Adira Finance at the independence requirements as Independent
time of this Annual Report preparation consists of Commissioner;
2 (two) persons from a total of 6 (six) members of 2. The Nomination and Remuneration Committee
the Company’s Board of Commissioners or 33.3% will conduct interviews and examine the
of the total members of the Company’s Board of requirements of proposed candidates. After
Commissioners. The term of office of the three conducting interviews and research on
Independent Commissioners of Adira Finance candidate requirements, the Nomination
shall be terminated at the Company’s Annual GMS and Remuneration Committee will submit
for the 2023 fiscal year. This termination must be in recommendations on candidates who will be
effect by no later than the end of June 2024. appointed as Independent Commissioners
to the Board of Directors and Board of
In addition to fulfilling the requirements as a Commissioners;
member of the Board of Commissioners and 3. The Board of Directors and the Board of
passing the fit and proper test conducted by OJK, Commissioners shall propose the appointment
Independent Commissioners shall also meet the of the Independent Commissioner to the
following requirements: [GRI 2-18] Company’s GMS.
1. Not a person working or having the authority 4. Appointment of Independent Commissioner
and responsibility to plan, lead, control or shall be conducted by the GMS.
supervise the Company’s activities within the
last 6 months, except for re-appointment as an Prior to appointment as Independent
Independent Commissioner in the following Commissioner, each Independent Commissioner
period; candidate must sign a statement of independence
2. Not having any share directly or indirectly to by referring to OJK Regulation No. 33/
the Company; POJK.04/2014 on the Board of Directors and Board
of Commissioners of Issuers or Public Companies.
This independence statement is annually updated
to ensure that the independence requirements of
each Independent Commissioner are still satisfied.
The following is the independency status of Independent Commissioner Members as of the publication
date of the 2023 Annual Report:
No. Name of Independent Commissioner Date of Most Recent Independence Statement Letter
1. Krisna Wijaya March 13, 2023
2. Manggi Taruna Habir March 13, 2023
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OJK Independence Criteria Krisna Wijaya Manggi Taruna Habir
Not a person working or having the authority and responsibility to plan, lead,
control or supervise the Company’s activities within the last 6 months, except √ √
for re-appointment as an Independent Commissioner in the following period.
Not having any share directly or indirectly to the Company. √ √
Not having any affiliation with the Company, members of the Board of
Commissioners of the Company, members of the Board of Directors of the √ √
Company, or the main shareholders of the Company.
Not having direct or indirect business relationship related to the Company’s
√ √
business activities.
The status of passing the Fit and Proper Test of Members of the Board of Commissioners on the issuance
date of this 2023 Annual Report is as follows:
Passing Date of
Name Fit and Proper Description
Test
Daisuke Ejima October 10, 2023
Krisna Wijaya April 27, 2016
Manggi Taruna Habir August 31, 2021
The organizer of the fit and proper test is the Financial Services Authority.
Eng Heng Nee Philip February 12, 2015
Congsin Congcar December 28, 2020
Hafid Hadeli December 19, 2022
Certification of Members of the Board of Commissioners
Pursuant to Article 65 paragraph (3) of OJK Regulation No. 35/POJK.05/2018 on Operation of Business
Activities in Financing Companies, the Board of Commissioners of Financing Companies is required to
have a basic level certification in the field of financing from an agency designated by the association.
The following are the certification data from members of the Board of Commissioners of Adira Finance:
Name Position Certification Date Issuing Institution
Daisuke Ejima President May 26, 2023
Commissioner
Krisna Wijaya Independent November 22, 2016
Commissioner
Basic Financing Certification Indonesian Financing
Manggi Taruna Habir Independent May 28, 2021
Commissioner Professional Certification
Body
Eng Heng Nee Philip Commissioner November 25, 2015
Congsin Congcar Commissioner June 25, 2020
Hafid Hadeli Commissioner Expert Financing November 22, 2016
Certification
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Based on the above explanation, it can be Duties and Responsibilities of Each
concluded that: Member of the Board of Commissioners
• All members of the Board of Commissioners 1. Daisuke Ejima as President Commisisoner
with a total of 6 (six) members have exceeded Yasushi Itagaki has the main duty of supervising
the minimum requirements set forth in the and providing input to the Board of Directors in
Company’s Articles of Association; relation to:
• All members of the Board of Commissioners • Company’s business strategies and
have complied with the requirements of the development;
finance company regulations including the • Company’s nomination and remuneration
requirements for passing the fit and proper policy;
test; • Development and evaluation of the
• Each member of the Board of Commissioners nomination and remuneration policy of the
has no family relationship or blood relationship Company’s Board of Commissioners and
up to the second degree with the members of Board of Directors; and
the Board of Commissioners and/or members • Implementation of Good Corporate
of the Board of Directors; Governance.
• The Company’s Independent Commissioners,
namely Krisna Wijaya and Manggi Taruna 2. Krisna Wijaya as Independent Commissioner
Habir, do not have family or blood relationship Krisna Wijaya has the main duty of supervising
up to the second degree with members of the and providing input to the Board of Directors in
Board of Commissioners and/or members of relation to:
the Board of Directors of the Company, do not • Economic and financial issues;
have financial and management relationship • Regulation and relationship with the
with the shareholders, subsequently fulfilling Government and Regulator;
the requirements to become an independent • Risk management;
commissioner in the capital market sector (OJK • Operational activities; and
Regulation No. 33/POJK.04/2014 on the Board • Implementation of Good Corporate
of Directors and Board of Commissioners of Governance.
Issuers or Public Companies;
• Each member of the Board of Commissioners 3. Manggi Taruna Habir as Independent
has no concurrent position either as a member Commissioner
of the Board of Commissioners, as a member Manggi Taruna Habir has the main duty of
of the Board of Directors, or as a shareholder in supervising and providing input to the Board
other financing companies; of Directors in relation to:
• The composition of number of Independent • Economic and financial issues;
Commissioners is 33.3%, which has satisfied the • Nomination and remuneration policy;
minimum number required in OJK Regulation, • Development and evaluation of the
which is at least 30% of the total members of nomination and remuneration policy of the
the Board of Commissioners; Company’s Board of Commissioners and
• 5 (five) members of the Board of Commissioners Board of Directors;
of the Company have already had basic • Operational activities; and
financing certification while 1 (one) member • Implementation of Good Corporate
of the Board of Commissioners has already Governance.
had expert financing certification from the
institution appointed by the Indonesia Financial 4. Eng Heng Nee Philip as Commissioner
Services Association (Asosiasi Perusahaan Eng Heng Nee Philip has the main duty of
Pembiayaan Indonesia/APPI); supervising and providing input to the Board
of Directors in relation to:
• Economic and financial issues;
• Risk management;
• Nomination and remuneration policy;
• Operational activities; and
• Implementation of Good Corporate
Governance.
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5. Congsin Congcar as Commissioner 7. Approval of Revised Annual Business Plan for
Congsin Congcar has the main duty of the 2023 fiscal year;
supervising and providing input to the Board 8. Approval of 2023 Guideline of Risk Management
of Directors in relation to: Implementation;
• economic and financial issues; 9. Approval of Semester I Year 2023 Business Plan
• operational activities; Realization;
• management of Human Resources; and 10. Approval on 2023 Risk Appetite Statement
• budget issues. 11. Approval of the Annual Business Plan for the
2024 fiscal year;
6. Hafid Hadeli as Commissioner 12. Approval of the Sustainable Finance Action
Hafid Hadeli has the main duty of supervising Plan for the 2024 fiscal year;
and providing input to the Board of Directors in 13. Approval of 2023/2024 market and liquidity risk
relation to: assumption and limit;
• economic and financial issues; 14. Approval of Guideline for Implementation of
• risk management; Anti Money Laundering, Counter-Terorism
• nomination and remuneration policy; Financing and Proliferation of Weapons of
• operational activities; and Mass Destruction.
• budget issues.
Recommendations of the Board of
Decisions of the Board of Commissioners Commissioners in 2023
in 2023 1. Provide recommendations and inputs on the
1. Decision of the Board of Commissioners on the budget plan and annual plan submitted by the
Composition of Nomination and Remuneration Board of Directors;
Committee of PT Adira Dinamika Multi Finance 2. Provide recommendations and inputs on the
Tbk; Company’s Strategy;
2. Decision of the Board of Commissioners on 3. Provide recommendations and inputs on
the implementation of the Annual General the development of human resources and
Meeting of Shareholders of PT Adira Dinamika information technology of the Company;
Multi Finance Tbk dated April 4, 2023; 4. Provide recommendations and inputs to the
3. Decision of the Board of Commissioners on Audit Committee, Risk Monitoring Committee,
Approval of the Board of Commissioners to Nomination & Remuneration Committee,
the Board of Directors Relating to Article 12 and Corporate Governance Committee, to
Paragraph 4 Letter (d) and Letter (g) of the ensure that the performance and role of these
Articles of Association of PT Adira Dinamika Committees keep increasing from time to time.
Multi Finance Tbk.
Introduction/Orientation Program
Approvals of the Board of Commissioners for New Members of the Board of
in 2023 Commissioners
1. Approval of 2022 Business Plan Realization; The Company has an introduction/orientation
2. Approval of 2022 Composite Rating for Financial program policy for the newly appointed members
Soundness Level; of the Board of Commissioners. This program
3. Approval of the 2023 Annual General Meeting aims to have the new members of the Board of
of Shareholders Agenda and Appointment of Commissioners understand in depth about Adira
Krisna Wijaya as chairman of the meeting; Finance. The introduction/orientation program is
4. Approval of Deloitte’s Appointment as the conducted in the form of presentation, delivery of
Public Accountant Firm for 2023 fiscal year and written materials, visits to the business network,
Elisabeth Imelda as Public Accountant for 2023 and direct meetings with the internal parties of
fiscal year; Adira Finance that will be in contact during their
5. Approval of Guideline for Implementation of duties as members of the Board of Commissioners.
Anti Money Laundering and Counter-Terorism The introduction/orientation program is
Financing; implemented by the Corporate Secretary.
6. Approval of investment in PT Mandala
Multifinance Tbk;
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In general, the introduction/orientation materials In 2023 there was 1 new member of the Board of
include: Commissioners participating in the introduction/
1. General Knowledge of Financing Companies; orientation program.
2. Good Corporate Governance Principles;
3. Explanation on Adira Finance, from vision, Training Program of the Board of
mission, philosophy, history of establishment, Commissioners
business activities, business performance, The Company has a policy requiring members of
financial and non-financial conditions, long- the Board of Commissioners to attend training to
term, medium-term, and short-term strategies, support and improve their competence in carrying
corporate strengths, as well as opportunities out their duties and responsibilities as members of
and challenges encountered by the Company; the Board of Commissioners, at least 1 x (once) in 1
4. The Company’s Organs Structure, duties and (one) year.
responsibilities of each of the Company’s organ,
and control system policy. During 2023, members of the Board of
Commissioners have attended training with the
following data:
Name Name of Training/Seminar Organizer Date
Daisuke Ejima Anti-Fraud Awareness & 2022 Anti-Fraud Integrity Pact Bank Danamon April 22, 2023
Danamon Sustainability Bank Danamon April 22, 2023
2023 Code of Ethic Bank Danamon May 4, 2023
One Day Training For Refreshment Risk Management Level PT Efektifpro September 27,
5 Certification Knowledge Source 2023
2022 Code of Ethics
2023 Danamon Compliance Bank Danamon December 4, 2023
Krisna Wijaya Seminar Nasional Era Baru Industri Pembiayaan Indonesia Financial June 6, 2023
Services Association
Multifinance Indonesia: Welcoming the Great Opportunities Indonesia Financial December 15, 2023
After Pandemic Services Association
Manggi Taruna Seminar Nasional Pembiayaan Mikro & SDM di Era Society Indonesia Financial March 3, 2023
Habir 5.0 Services Association
Eng Heng Nee Seminar International: The Future of Digitalization in Indonesia Financial August 1, 2023
Philip Multifinance Industry Services Association
Congsin Seminar International: The Future of Digitalization in Indonesia Financial August 1, 2023
Congcar Multifinance Industry Services Association
Hafid Hadeli Manager Forum 2023 Bank Danamon February 13, 2023
2023 Code of Ethic Bank Danamon February 20, 2023
Customer Experience Strategy – Design and Deploy a Columbia Business July 27, 2023
Successful CX Plan School
Danamon Compliance 2023 Bank Danamon August 8, 2023
Basic Certification for Commissioners Indonesia Financing August 30, 2023
Professional
Certification Body
Occupational Safety in Emergencies Bank Danamon September 7, 2023
Townhall Meeting Hanzawa Bank Danamon September 4, 2023
AML, CFT and WMD Bank Danamon September 8, 2023
Anti Bribery and Corruption Bank Danamon December 19, 2023
Anti-Fraud Awareness & 2022 Anti-Fraud Integrity Pact Bank Danamon December 19, 2023
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BOARD OF DIRECTORS sign the annual report, the reason must be
given in writing;
Duties and Responsibilities of the Board 8. Submitting the Company's financial statements
of Directors to a public accountant appointed by the GMS
The Company's Board of Directors has the following for inspection. The report or audit results of the
main duties: public accountant are submitted in writing to
1. According to the provisions of Article 92 the Annual GMS through the Board of Directors;
Paragraph 1 of Law No. 40 of 2007 concerning 9. Opening branch office and/or representative
Limited Liability Companies, the Board office at the domicile of the Company and in
of Directors is in charge of managing the other places, within and/or outside the territory
Company for the benefit of the Company and of the Republic of Indonesia;
in line with the purposes and objectives of the 10. Holding and maintaining the Register of
Company; Shareholders and the Special Register of
2. According to the provisions of Article 12 the Company's domicile, or appointing and
paragraph 1 of OJK Regulation No. 33/ authorizing the Securities Administration
POJK.04/2014 concerning the Board of Directors Bureau for the share’s registration in the
and Board of Commissioners of Issuers or Register of Shareholders and the Special
Public Companies, the Board of Directors is in Register;
charge of carrying out and being responsible 11. Holding GMS according to the provisions of the
for managing issuers or public companies for articles of association as well as the applicable
the benefit of issuers or public companies in laws and regulations;
line with the purposes and objectives of issuers 12. Carrying out every GMS resolution.
or public companies as specified in the articles
of association. Authority of the Board of Directors
The Board of Directors has the following authorities:
In performing its main duties, the Board of 1. The Board of Directors represents the Company
Directors has, among others: inside and outside the court on all matters and
1. Compiling and evaluating the vision, mission, in all events;
and values of the Company to be submitted to 2. Binding the Company with other parties and
the Board of Commissioners for approval; other parties with the Company;
2. Developing long-term, medium-term, and 3. Carrying out all actions, both regarding
short-term strategies to be approved by the management and ownership, but with the
Board of Commissioners; following restrictions and conditions:
3. Submitting a work plan that also includes a. making leasing, factoring, or consumer
the Company's annual budget to the Board financing transactions with other parties,
of Commissioners for approval by the Board or providing loan facilities or financing
of Commissioners, prior to the Company's facilities that resemble or result in lending
financial year begins; money to other parties, which exceeds the
4. Managing and maintaining the Company's amount determined from time to time by
assets to provide the maximum possible the Board of Commissioners; or
benefits for the Company; b. binding the Company as guarantor or
5. Implementing the principles of Good Corporate debt guarantor (borgtocht), or in other
Governance; ways being responsible for the payment
6. Implementing an effective internal control obligations of other parties; or
system to ensure the preservation of the c. establishing a new company, making or
Company's assets and resources; increasing equity participation (unless
7. Preparing an annual report based on the for additional capital participation in
statutory provisions signed by the entire connection with the issuance of share
members of the Board of Directors and Board of dividends or bonus shares or in connection
Commissioners to be submitted to the Annual with efforts to save credit), or reducing
GMS as the accountability for the shareholders. equity participation in other companies,
In the event that a member of the Board of without prejudice to the approval of the
Directors or Board of Commissioners does not competent authority; or
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d. borrowing money from other parties or c. OJK Regulation No. 29/POJK.05/2020
receiving credit facilities or other banking concerning amendment to OJK Regulation
facilities that cause the Company to be No. 30/POJK.05/2014 on Good Corporate
indebted to the other parties in excess of Governance for Financing Companies;
the amount determined from time to time d. Company's articles of association;
by the Board of Commissioners; or e. The Board of Directors Work Guidelines and
e. writing off or removing the Company's Rules dated May 3, 2021.
receivables from the books in excess of the
amount determined from time to time by Adira Finance's Board of Commissioners Manual
the Board of Commissioners; or regulates the following:
f. transferring or releasing the Company 1. Legal Basis;
right to collect the Company's receivables 2. Organization;
that have been written off, exceeding the 3. Requirements for Members of the Board of
amount determined from time to time by Directors;
the Board of Commissioners; or 4. Appointment, resignation and dismissal;
g. selling or transferring or releasing rights, 5. Term of Office;
or pledging/guaranteeing the Company's 6. Independence;
assets, either in one transaction or in several 7. Duties and Responsibilities;
transactions that are independent or related 8. Authority;
to one another, in an amount exceeding the 9. Concurrent Positions of Members of the Board
amount determined from time to time by of Directors;
the Board of Commissioners. 10. Orientation for New Members of the Board of
Directors;
The Board of Directors is required to obtain prior 11. Transparency;
written approval or related documents signed 12. Work Ethics;
by the Board of Commissioners; the approval 13. Meetings;
can be given to take one action or more than 14. Reporting and Accountability;
one action and can be reviewed from time to 15. Training.
time, everything without prejudice to the laws
and regulations; The Board of Directors Manual have also been
4. Transferring the Company's assets or providing uploaded on the Company's official website at
collateral for the Company's debt assets, which www.adira.co.id.
constitute more than 50% (fifty percent) of the
Company's net assets listed in the Company's Appointment, Dismissal, and Resignation
most recent financial statements audited by of Members of the Board of Directors
a public accountant in 1 (one) transaction or
more related to one another or not related to Appointment of the Board of Directors Members:
one another, must obtain approval from the Regarding the appointment of members of the
General Meeting of Shareholders. Board of Directors, among others, is contained
in the provisions of Article 94 of Law No. 40 of
The Board of Directors Manual 2007 concerning Limited Liability Companies,
In performing its duties and responsibilities, Adira Article 3 Paragraph 1 of OJK Regulation No. 33/
Finance's Board of Directors is guided by the POJK.04/2014 concerning Board of Directors
following: and Board of Commissioners of Issuers or Public
a. Law No. 40 of 2007 concerning Limited Liability Companies and the Articles of Association of Adira
Companies; Finance stipulates that the appointment and
b. OJK Regulation No. 33/POJK.04/2014 dismissal of members of the Board of Directors is
concerning Board of Directors and Board of carried out through the GMS.
Commissioners of Issuers or Public Companies;
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Dismissal of the Board of Directors Members: Resignation of the Board of Directors
Regarding the temporary dismissal of the Board of Members:
Directors members, it is regulated in the provisions The resignation of the Board of Directors Members
of Article 105 Paragraph 9 of Law No. 40 of 2007 is stipulated in the provisions of Article 107 letter
concerning Limited Liability Companies, Article 10 b of Law No. 40 of 2007 concerning Limited
of OJK Regulation No. 33/POJK.04/2014 concerning Liability Companies, Article 8 of OJK Regulation
Board of Directors and Board of Commissioners of No. 33/POJK.04/2014 concerning the Board of
Issuers or Public Companies, and Adira's Articles of Directors and Board of Commissioners of Issuers
Association Finance in general stipulate that the or Public Companies, and Adira Finance's Articles
Board of Directors members can be dismissed at of Association, which in general regulate the
any time based on GMS resolution by stating the following:
reasons or at the end of their term of office and not 1. The Board of Directors Members may resign
reappointed by the GMS. from their position before their term ends;
2. In the event that a member of the Board of
Temporary Dismissal of the Board of Directors Directors resigns, the concerned Board of
Members: Directors member is required to submit a
Regarding temporary dismissal of the Board resignation request to the Company;
of Directors members, it is stipulated in the 3. The Company is required to hold GMS to decide
provisions of Article 106 Paragraph 9 of Law No. 40 on the resignation request for members of the
of 2007 concerning Limited Liability Companies, Board of Directors no later than 90 (ninety)
Article 10 of OJK Regulation No. 33/POJK.04/2014 days after receipt of the resignation request.
concerning Directors and Board of Commissioners
of Issuers or Public Companies, and Adira's Articles The Board of Directors Requirements
of Association Finance that in general regulate the Requirements as a member of Adira Finance's
following: Board of Directors are regulated in the Company
1. The members of the Board of Directors may Law, OJK Regulations, and the Company's Articles
be temporarily dismissed by the Board of of Association.
Commissioners by stating the reasons;
2. Temporary dismissal must be notified in writing Article 93, Paragraph 1 of the Limited Liability
to the concerned Board of Directors member. Company Law states that those who can be
3. The Board of Directors Members who are appointed as members of the Board of Directors
temporarily dismissed are not authorized to are individuals who are capable of carrying out
carry out their duties; legal actions, unless within 5 (five) years prior to
4. Within a period of 30 days (according to Law their appointment:
No. 40 of 2007 concerning Limited Liability a. declared bankrupt;
Companies) or 90 days (according to OJK b. being a member of the board of directors or
Regulation No. 33/POJK.04/2014 concerning board of commissioners found guilty of causing
Board of Directors and Board of Commissioners a company to be declared bankrupt; or
of Issuers or Public Companies) after the date c. convicted of committing a crime that is
of temporary dismissal, it is required to hold detrimental to state finances and/or related to
GMS to revoke or strengthen the temporary the financial sector.
dismissal decision;
5. In the GMS, the concerned Board of Directors Article 11 of OJK Regulation No. 30/POJK.05/2014
member is given the opportunity to defend concerning Good Corporate Governance for
himself; Financing Companies stipulates the criteria for
6. In the event that the GMS upholds the members of the Board of Directors of Financing
temporary dismissal decision, the concerned Companies as follows:
Board of Directors member is permanently a. being able to act in good faith, honestly and
dismissed; professionally;
7. With the end of the time period for holding GMS b. being able to act for the benefit of the Company
or the GMS being unable to make resolutions, and/or stakeholders;
the temporary dismissal is cancelled. c. prioritizing the interests of the Company and/or
other stakeholders over personal interests;
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d. being able to make decisions based on (3) other crimes punishable by
independent and objective assessments for the imprisonment for 1 (one) year or more,
benefit of the Company and debtors, creditors including corruption, money laundering,
and/or other stakeholders; And narcotics/psychotropics, smuggling,
e. being able to avoid abuse of authority to gain customs, excise, human trafficking,
improper personal gain or cause harm to the trade in illegal weapons, terrorism,
Company. counterfeiting of money, in the field of
taxation, in the forestry sector, in the
The Company's Board of Directors Members environmental sector, and in the marine
are obliged to fulfill the overall fit and proper and fishery sector, which the sentence
requirements, following OJK Regulation No. 27/ has been completed within the last 20
POJK.03/2016 dated July 22, 2016 concerning (twenty) years prior to nomination;
Fit and Proper Test for Main Parties of Financial c. having commitment to comply with laws
Services Institutions, OJK Regulation No. 4/ and regulations and supporting OJK
POJK.05/2013 dated December 23, 2013 concerning policies;
Fit and Proper Test for Main Parties in Insurance d. having commitment to the development
Companies, Pension Funds, and Financing of healthy Non-Bank Financial Services
Companies, OJK Circular No. 31/SEOJK.05/2016 Institutions;
dated August 30, 2016 concerning Fit and Proper e. not included as a party prohibited from
Test for Main Parties in Non-Bank Financial Services becoming a Main Party candidate.
Institutions, and Article 10 of OJK Regulation No. 2. Financial Reputation Factors which include:
30/POJK.05/2014 Concerning Good Corporate a. Having no non-performing loan and/or
Governance for Financing Companies. financing; And
b. Have never been declared bankrupt and/or
The Board of Directors of a Financing Company have never been a shareholder, controller
is required to fulfill the following fit and proper of an insurance company who is not a
requirements: shareholder, member of the board of
1. Integrity Factor, including: directors, executor of management duties,
a. being capable in carrying out legal actions; or member of the board of commissioners
b. having good character and morals, as who found guilty of causing a company
reflected by the attitude of complying with to be declared bankrupt in the last 5 (five)
applicable regulations, including never years prior to nomination.
having been convicted for committing a 3. Competency factors, including:
crime within a certain period of time before a. Strategic management knowledge and
being nominated, including: skills to ensure that the Board of Directors:
(1) criminal acts in the financial services (1) having sufficient knowledge and is
sector that the crimes have been relevant to his position;
completed within the last 20 years prior (2) understanding laws and regulations;
to nomination; (3) having the ability to carry out strategic
(2) criminal acts, namely crimes listed in management in the context of
the Indonesian Criminal Code (KUHP) developing a healthy business
and/or the like abroad with the threat of b. Experience in the field of Non-Bank
imprisonment for 1 year or more with the Financial Services Institutions and/or other
sentence has been completed within the fields relevant to their position; And
last 10 years prior to nomination; and/or c. Expertise in the field of Non-Bank Financial
Services Institutions and/or other fields
relevant to the position.
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Article 4 of OJK Regulation No. 33/POJK.04/2014 ever been unaccepted by the GMS or
concerning Board of Directors and Board of have failed to provide accountability as
Commissioners of Issuers or Public Companies members of the Board of Directors and/
stipulates the requirements for members of the or the Board of Commissioners to the
Board of Directors as follows: GMS; And
a. Having good character, morals and integrity; 3. Ever caused a company that obtained
b. Being capable in performing legal actions; a license, approval or registration from
c. Within 5 (five) years prior to appointment and the OJK not to fulfill the obligation to
during tenure: submit annual reports and/or financial
i. Never been declared bankrupt; statements to OJK.
ii. Never been a member of the Board of d. Having commitment to comply with laws and
Directors and/or member of the Board of regulations; And
Commissioners who was found guilty of e. Having knowledge and/or expertise in the field
causing a company to be declared bankrupt; required by the Issuer or Public Company.
iii. Never been punished for committing a
crime that is detrimental to state finances Based on the data owned by the Company,
and/or related to the financial sector; up to the date of the issuance of this Annual
iv. Never been a member of the Board of Report, the entire members of Adira Finance's
Directors and/or a member of the Board of Board of Directors have and still meet the
Commissioners who during his tenure: requirements or criteria set out in the Company
1. Ever failed to held an annual GMS; Law, OJK Regulations, Indonesia Stock Exchange
2. Responsibilities as members of the Regulations, and the Company's Articles of
Board of Directors and/or members Association.
of the Board of Commissioners have
Duties and Responsibilities Division of Each Member of the Board of Directors
Position Description Duties and Responsibilities
President I Dewa Made • Developing strategic plans to achieve the Company's vision, mission and goals in order
Director Susila is currently to increase the Company's revenue, profitability and growth;
serving as • Evaluating and monitoring the Company achievements and the Company
the President performance periodically in a predetermined period to ensure the progress and
Director who achievement of the Company's targets;
was appointed • Evaluating and monitoring the Company's operations to ensure efficiency and
at the Annual effectiveness of quality, services, products and resource management.
GMS on March • Approving the procedures, policies and operational standards of the Company
30, 2022 and has following the applicable regulations;
effectively served • Managing and developing the Company's resources effectively and efficiently
since passing the following the prevailing policies as well as laws and regulations, and also supervising
Fit and Proper the development of the capacity and capability of human resources including the
Test from OJK on Company's culture.
July 1, 2022.
Director of Director of • Leading and directing policies and strategies as well as socializing the duties of the
Compliance Compliance is Compliance Directorate;
currently • Leading and directing the preparation of the necessary guidelines for duties
concurrent by implementation of the Compliance Directorate;
the President • Leading and directing the implementation of Good Corporate Governance.
Director. • Monitoring and maintaining that the Company's business activities to not deviate from
the applicable laws and regulations;
• Monitoring and maintaining the Company compliance with the overall established
agreements or commitments with the external parties;
• Monitoring follow-up on findings and recommendations from external auditors,
supervision results by the Financial Services Authority and/or supervision by other
authorities;
• Leading and directing the implementation of Anti- Money Laundering and Counter
Terrorism Financing programs based on the provisions of the applicable laws and
regulations;
• Leading and directing compliance activities in line with the established standard work
procedures in implementing the compliance function correctly.
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and Analysis Responsibility
Position Description Duties and Responsibilities
Director Director of Risk • Leading and directing the preparation of policies and strategies related to risk
of Risk Management management to minimize business risks in order to achieve targets and goals of the
Management is currently Company;
concurrent by the • Being responsible for policies implementation and improvements to improve the risk
President management governance of the Company following the policies of the Company and
Director. Regulators;
• Evaluating policies and strategies as well as providing solutions for improvements both
in terms of policies and processes related to risk management;
• Ensuring that all work units in the Risk Management & Legal Directorate carry out work
processes based on the Company Regulations;
• Being responsible for HC organizational and development in the Risk Management &
Legal Directorate.
Director of Director of • Leading and directing policies and strategies in the financial sector;
Finance Finance is • Leading and directing the preparation of business strategies, short-term, medium-
currently term and long-term financial goals and targets so as to be in line with the Company
concurrent by the policies;
Director of Sales, • Leading and directing the Company's bookkeeping and financial reporting activities in
Service & order to have financial system with proper supervision, policies and procedures to be
Distribution able to produce complete, consistent, reliable and timely financial information;
• Leading and directing activities to explore the most profitable funding sources to
support business operations of the Company;
• Leading and directing all activities related to Corporate Secretary & Investor Relations
based on Regulatory policies for the financing industry;
• Being responsible for organizational and HC development of the Finance Directorate
team.
Director of Director of • Being responsible for formulating the Company policies and strategies related to
Human Human Capital human resource management, business networks and corporate culture;
Capital and and Corporate • Supervising the Company's operations related to the management of human resources
Corporate Real Estate and business networks to ensure the achievement of efficiency and effectiveness
Real Estate Management is following the goals of the Company;
Management currently held • Being responsible for organization and equipment development of the Company
by Swandajani according to business needs;
Gunadi who was • Monitoring compliance and implementation of inherent oversight related to human
most recently resources and business network of the Company in accordance with the policies by the
reappointed as regulator;
Director at the • Evaluation and development of resource management strategies according to
Annual GMS on organizational developments and business needs;
June 30, 2021. • Being responsible for HC organizational and development in the Directorate of Human
Capital & Corporate Real Estate Management.
Director of Director of • Being responsible for formulating Company policies and strategies related to
Marketing Marketing marketing, brand & communication and Business Analytic;
is currently • Supervising the Company's operations related to marketing strategy, brand
concurrent by management & communication and business analytics;
the Director of • Developing products and marketing programs oriented to customer focus in line with
Human Capital market potential and business needs;
and Corporate • Monitoring and evaluating the effectiveness of the implementation of product
Real Estate development and marketing programs for the short, medium and long term;
Management. • Being responsible for establishing and managing budget related to marketing strategy,
brand management & communication;
• Being responsible for HC organizational and development in the Marketing Directorate.
Director of Director of Sales, • Leading and directing the preparation of sales, service and distribution policies and
Sales, Service Service and strategies to increase sales growth through business networks to achieve targets and
and Distribution is goals of the Company;
Distribution currently held by • Being responsible for policies implementation and improvements related to sales,
Niko Kurniawan service and distribution;
Bonggowarsito • Automotive and non-automotive financing;
who was last • Evaluating policies and strategies as well as providing improvement solutions so that
reappointed at sales, service and distribution targets can run well and achieve the established target;
the Annual GMS • Ensuring that the Sales, Service & Distribution Directorate operates according to the
on June 30, 2021. rules and policies of the Company or Regulators;
• Being responsible for HC organizational and development in the Sales, Service &
Distribution Directorate.
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Position Description Duties and Responsibilities
Director of Director of • Leading and directing the preparation of Portfolio policies and strategies to increase
Portfolio Sales Portfolio Sales growth through the increasing cooperation with multi-channels, business ecosystems
is currently and increasing capacity to achieve the targets and objectives of the Company;
served by Harry • Being responsible for the implementation of policies and improvements to increase the
Latif, who was market share of automotive and non- automotive financing (Market Leader);
most recently • Evaluating the implementation of policies and strategies and providing corrective
reappointed solutions needed to improve business;
at the Annual • Ensuring that the Portfolio Sales Directorate operates in line with the rules and policies
General Meeting of the Company and Regulatory;
of Shareholders • Being responsible for organizational and HC development in the Portfolio Sales
on June 30, 2021. Directorate.
Director of Director of • Being responsible for ensuring and providing strategic direction for business and non-
Business Business Alliance business collaboration activities (human resources, technology and culture) between
Alliance Strategy is Global and Local Adira Finance-Danamon- MUFG;
Strategy currently held • Leading the development of business collaboration between Adira Finance- Danamon-
by Jin Yoshida MUFG Global and Local in supporting business growth of the Company;
who was • Starting cooperation with a group of companies related to the Company's business to
most recently support business growth;
reappointed • Supporting ADMF business transformation and optimizing Global and Local MUFG
at the Annual resources;
General Meeting • Providing periodic updates to the Company management regarding the latest MUFG
of Shareholders Global policies or regulations that have direct or indirect impacts on the Company.
on June 30, 2021.
Director Director of Credit, • Lead and direct the preparation of policies and strategies related to the Credit,
of Credit, Collection & Legal Collection, Loan Asset Recovery function by prioritizing the principle of prudence in the
Collection & is currently held acquisition process and improving the quality of financing asset management;
Legal by Denny Riza • Lead and direct the preparation of policies and strategies related to Legal functions in
Farib who was accordance with legal feasibility;
first appointed at • Responsible for the implementation of policies and improvements to improve
the Annual GMS the results of the implementation of supporting processes and tools under the
held on April 4 coordination of the Directorate in accordance with Company and regulator policies;
2023 and has • Ensure that all work units in the relevant Directorate carry out work processes in
been in office accordance with company regulations;
effectively since • Responsible for organizational development and HC Directorate.
passing the fit
and proper test
from the OJK on
October 10, 2023.
Board of Directors Reporting Obligations
The Board of Directors Members are obliged to report to the Company periodically or when changes occur
in terms:
· Their and their family's share ownership of 5% or more, both in Adira Finance and in other companies
domiciled in Indonesia or abroad.
· Concurrent positions, both within Adira Finance and at other companies or institutions.
Structure, Composition, and Independence of the Board of Directors
According to the Company's Articles of Association, the structure of the Board of Directors consists of at
least 3 (three) members of the Board of Directors with the following composition:
· 1 (one) President Director;
· 2 (two) Directors or more, provided that from membesr of the Board of Directors, 1 (one) person may be
appointed as Vice President Director.
The Company's Board of Directors is currently appointed based on Annual GMS resolutions on April 4,
2023, consisting of 6 (six) members with the composition of the Board of Directors as follows:
· 1 (one) President Director, and 5 (five) Directors;
· All members of the Board of Directors are domiciled in Indonesia;
· Most members of the Board of Directors have experience in finance or banking for more than 5 (five)
years;
· There is 1 (one) female member of the Board of Directors, so representation based on gender is
represented.
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The Company's Board of Directors composition since the closing of the Annual GMS which was held on
April 4, 2023 until the Annual GMS which will be held no later than June 30, 2024 is as follows:
Member Other Position Outside
Name Domicile Position Reappointment End of Term
Since the Company
I Dewa Made Jakarta President 2022 -
-
Susila Director
Swandajani Jakarta Director 2013 2021
-
Gunadi
Niko Kurniawan Jakarta Director 2018 2021 Closing of the Annual GMS -
Bonggowarsito
for the 2023 financial year
Harry Latif Jakarta Director 2020 2021 -
Jin Yoshida Jakarta Director 2020 2021 -
Denny Riza Bekasi Director 2023 -
-
Farib
Certification for the Board of Directors Members
In accordance with the provisions of Article 65 Paragraph (2) OJK Regulation No. 35/POJK.05/2018
Concerning the Implementation of Finance Company Business, the Board of Directors of the Finance
Company are obliged to have expertise certification in the field of financing from an institution designated
by the association.
The following is certification data from Adira Finance's Board of Directors members:
Name Position Certification Date Issuing Body
I Dewa Made Susila President November 22, 2016
Director
Swandajani Gunadi Director March 2, 2017
Niko Kurniawan Director August 2, 2018 Indonesia Financing
Bonggowarsito Financing Expert Certification Professional Certification
Body
Harry Latif Director October 24, 2019
Jin Yoshida Director February 27, 2020
Denny Riza Farib Director March 31, 2023
Status of passing the Fit and Proper Test for the Board of Directors Members on the issuance date of this
Annual Report is as follows:
Date of Passing the Fit &
Name Description
Proper Test
I Dewa Made Susila July 1, 2022
Swandajani Gunandi March 13, 2013
Niko Kurniawan Bonggowarsito June 5, 2018 Fit and proper test is organized by
Harry Latif August 25, 2020 Financial Services Authority.
Jin Yoshida August 25, 2020
Denny Riza Farib October 10, 2023
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Family and Financial Relationship of the Board of Directors
Family and financial relationships among members of the Board of Directors and fellow members of the
Board of Directors and/or members of the Board of Commissioners and shareholders of the Company are
as follows:
Family Relationship:
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholder
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. I Dewa Made - - - - - - - - - - - -
Susila
2. Swandajani - - - - - - - - - - - -
Gunadi
3. Niko Kurniawan - - - - - - - - - - - -
Bonggowarsito
4. Harry Latif - - - - - - - - - - - -
5. Jin Yoshida - - - - - - - - - - - -
6. Denny Riza - - - - - - - - - - - -
Farib
Financial Relationship:
Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholder
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. I Dewa Made - - - - - - - - - - - -
Susila
2. Swandajani - - - - - - - - - - - -
Gunadi
3. Niko - - - - - - - - - - - -
Kurniawan
Bonggowarsito
4. Harry Latif - - - - - - - - - - - -
5. Jin Yoshida - - - - - - - - - - - -
6. Denny Riza - - - - - - - - - - - -
Farib
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Concurrent Positions and Share Ownership in Following the provisions of Article 6 of OJK
Other Financing Companies by the Board of Regulation No. 33/POJK.04/2014 concerning the
Directors Board of Directors and Board of Commissioners
Regarding concurrent positions of members of Issuers or Public Companies, the provisions for
of Adira Finance's Board of Directors, it is the concurrent positions of the Board of Directors
regulated in OJK Regulation No. 30/POJK.05/2014 members are regulated as follows:
concerning Good Corporate Governance for 1. The Board of Directors Members may hold
Financing Companies and OJK Regulation concurrent positions as:
No. 33/POJK.04/2014 concerning Board of Directors a. Member of Board of Directors at no more
and Board of Commissioners of Issuers or Public than 1 (one) issuer or other public company;
Companies. b. Member of Board of Commissioners at no
more than 3 (three) issuers or other public
According to Article 9 of OJK Regulation companies; and/or
No. 30/POJK.05/2014 Concerning Good Corporate c. Committee members at no more than
Governance for Financing Companies, members 5 (five) committees in issuers or public
of the Board of Directors of Financing Companies companies where the person concerned
are prohibited from holding concurrent positions also serves as a member of the Board of
unless as members of the Board of Commissioners Directors or the Board of Commissioners.
in at most 3 (three) other financing companies. 2. Concurrent positions can only be carried out as
Does not include concurrent positions if a long as they do not conflict with other laws and
member ofthe Board of Directors is responsible for regulations;
supervising participation in a subsidiary engaging 3. In the event that there are other laws and
in the financing sector business, carrying out regulations regulating provisions regarding
functional duties as the Board of Commissioners concurrent positions that are different from
member in a subsidiary controlled by the the OJK Regulation, stricter provisions shall
Company, as long as the concurrent position does apply.
not result in the person concerned neglecting the
implementation of duties and authorities as the
Company's Board of Directors member.
The table below shows the management relationship and ownership of the Company's Board of Directors
members in other financing companies:
Position in Other Position in Other
Name Description
Financing Companies Companies
I Dewa Made Susila - -
Swandajani Gunadi - -
Niko Kurniawan - - Does not violate the provisions of OJK Regulation
Bonggowarsito No. 30/POJK.05/2014 and OJK Regulation No. 33/
Harry Latif - - POJK.04/2014.
Jin Yoshida - -
Denny Riza Farib - -
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Direct or Indirect Share Ownership in Companies, Finance Companies and Other Companies by Board of
Directors
Share Ownership
Family at Adira
Name Finance, Other
Other Financing
Adira Finance Other Companies Finance Companies
Companies
and Other
Companies
I Dewa Made Susila - - - -
Swandajani Gunadi - - - -
Niko Kurniawan - - - -
Bonggowarsito
Harry Latif - - - -
Jin Yoshida - - - -
Denny Riza Farib - - - -
Pursuant to matters mentioned above, the Duties and Responsibilities Implementation
conclusion is as follows: of the Board of Directors
· All 6 (six) members of the Board of Directors In summary, the duties and responsibilities
have exceeded the minimum requirements implemented by the Board of Directors in 2023 are
stipulated in the Company's Articles of as follows:
Association as well as applicable laws and
regulations; Management Area:
· The entire Board of Directors members have 1. Evaluating and further preparing the annual
complied with both regulatory requirements report for the 2022 fiscal year to be reported to
in the field of financing companies and in the the Board of Commissioners and to the GMS at
field of capital market; the Annual GMS which will be held on April 4,
· Each member of the Board of Directors has no 2023;
family or blood relationship up to the second 2. Drafted and submitted the Business Plan
degree with fellow members of the Board of Realization Report for the 2022 fiscal year;
Commissioners and/or members of the Board 3. Prepared and determined the revision of the
of Directors of the Company; Annual Business Plan for the 2023 fiscal year;
· Each member of the Board of Directors has no 4. Created and determined work plans and
concurrent position either as a member of the budget plans for the 2024 fiscal year;
Board of Commissioners, Board of Director or 5. Prepared and established a Sustainable
as a shareholder in another finance companies Finance Action Plan for the 2024 financial year.
beyond the provisions of OJK Regulations in 6. Developed the Company's products and
the field of Finance Companies and in the services;
Capital Market sector; 7. Developed the Company's business network;
· The Board of Directors composition has 8. Developed the Company's organization to
complied with the principles of gender conform to the business strategy and business
representation and diversity. network development of the Company.
According to Law No. 40 of 2007 concerning Risk Management Sector:
Limited Liability Companies, the Board of Directors 1. Evaluating and improving risk management
is fully responsible for managing the Company to policies implemented by the Company;
fulfill its interests and objectives and representing 2. Preparing guidelines for the Company's risk
the Company both inside and outside the Court. management in line with the provisions of the
Thus, the Board of Directors has the authority to applicable laws and regulations;
take management actions and bind the Company
to other parties.
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3. Consistently implementing the risk Succession Policy
management system that has been established The Board of Directors is a highly decisive
to anticipate every possible risk to be faced by Company's organ in the administration and
the Company; management of the Company, so a succession
4. Prepared human resource development to run policy is needed to ensure business continuity
the Company's risk management system. for the Company. The succession policy for Adira
Finance's Board of Directors is guided by Law No.
Control Sector: 40 of 2007 concerning Limited Liability Companies,
1. Carrying out internal control by streamlining OJK Regulation No.4/POJK.05/2013 concerning
the performance of the Internal Audit Unit and Fit and Proper Test for Main Parties in Insurance
Compliance Unit of the Company; Companies, Pension Funds, Financing Companies
2. Providing follow-up directions on the and Guarantee Companies, OJK Regulation No.30/
supervision results by the Internal Audit Unit POJK.05/2014 concerning Governance Good
and Compliance Unit of the Company as well Corporate Governance for Financing Companies,
as monitoring the completion; OJK Regulation No. 33/POJK.04/2014 Concerning
3. Conducting good communication with the the Board of Directors and Board of Commissioners
External Auditor appointed by the Company's of Issuers or Public Companies and the Company's
Board of Commissioners, including discussing Articles of Association.
the findings of the External Auditor;
4. Following up on any findings from the Nomination process for the Company's Board of
supervision results by the External Auditor or Directors is through the following mechanism:
the authorities authorized to supervise the 1. The Company's Board of Directors annually
Company; evaluates senior officials in the Company who
5. Resolving any violations committed within the have the potential to hold positions as the
Company. Board of Directors members in the future. The
data is stored at the Directorate of Corporate
Governance Sector: Resources;
1. Carrying out corporate governance obligations 2. In the event that it is necessary to appoint a new
and responsibilities following the established member of the Board of Directors, the selection
Corporate Governance guidelines together process is carried out internally and externally,
with the Company's Board of Commissioners; in which the candidate selection process is
2. Ensuring the socialization of the principles of carried out by the Company's Board of Directors
Good Corporate Governance is provided to the members based on data from the Directorate
entire Company's employees. of Human Resources. Meanwhile, from external
parties, it can be submitted by the shareholders
Social Responsibility Sector: who meet the requirements to nominate
1. Directing the implementation of the Company's candidates according to the provisions of the
social responsibility in order to reach the widest applicable laws and regulations;
possible range of the Company's stakeholders; 3. Candidate data will further be verified by the
2. Establishing strategies and policies for Nomination and Remuneration Committee.
implementing the Company's social Candidates who meet the requirements
responsibility to maintain the sustainability of based on assessment by the Nomination and
its business activities; Remuneration Committee will be further
3. Evaluating every implementation of the recommended to the Board of Commissioners
Company's social responsibility to make to be submitted at the GMS;
refinements or improvements in the future. 4. Prior to holding GMS, in order to comply
with applicable regulations, the candidate
concerned must take the Fit and Proper Test;
5. Candidates who meet the requirements as well
as pass the Fit and Proper Test will be proposed
at the GMS to be appointed as the Board of
Directors members.
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Introduction/Orientation Program for New In general, introductory/orientation materials
Members of the Board of Directors include the following:
The Company has an introduction/orientation 1. General Knowledge of Financing Companies.
program policy for members of the Board of 2. Principles of Good Corporate Governance.
Directors who are appointed for the first time and 3. Explanation of Adira Finance, starting
originate from outside the Company. This program from vision, mission, philosophy, history of
aims to bring in-depth understanding concerning establishment, business activities, business
Adira Finance to the new member of the Board of performance, financial and non-financial
Directors. This induction/orientation program is conditions, long-term, medium-term and
carried out in the form of presentations, delivery shortterm strategies, strengths of the Company
of written materials, visits to business networks, as well as opportunities and challenges that
and direct meetings with Adira Finance's internal are constantly faced by the company.
parties, who will be in touch while carrying out 4. Company Organ Structure, duties and
their duties as the Board of Directors members. responsibilities of each company organ and
This introduction/orientation program is carried control system policies.
out by the Corporate Secretary.
In 2023, there was 1 (one) new member of the Board
of Directors who participated in the introduction/
orientation program.
Training/Seminar for the Board of Directors
Throughout 2023, the Company's Board of Directors participated in the following training or seminars:
Training and
Date of Training
Name Name of Training and Seminar Organizer Seminar
and Seminar
Location
I Dewa Made Susila International Seminar Multifinance Jepang December 15,
Indonesia Welcoming the Great 2023
Opportunities After Pandemics
International Seminar the Future Jakarta August 1, 2023
of Digitalization in Multifinance
Industry
National Seminar on the New Era Jakarta June 6, 2023
of the Financing Industry
Indonesia Financial Services
Swandajani Gunadi National Seminar on the New Era Association Jakarta June 6, 2023
of the Financing Industry (APPI)
Niko Kurniawan International Seminar the Future Jakarta August 1, 2023
Bonggowarsito of Digitalization in Multifinance
Industry
Harry Latif National Seminar on the New Era Jakarta June 6, 2023
of the Financing Industry
Jin Yoshida National Seminar on Economic Jakarta October 3, 2023
Outlook 2024
Denny Riza Farib Financing Expert Certification Indonesian Financing Jakarta March 31, 2023
Training Professional Certification
Body (LSPPI)
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Board of Directors' Assessment of the MANAGEMENT CONTRACT
Performance of the Executive Committee
The management contract is a contract for the
Performance Appraisal Procedures Board of Directors to manage the Company that
In carrying out its duties and responsibilities, is made and signed by the President Director
the Board of Directors is assisted by the with the controlling shareholder. Meanwhile, the
Executive Committee, which consists of the Risk remaining members of the Board of Directors
Management Committee, Credit Committee, sign the management contract with the President
Asset and Liability Committee (ALCO), Information Director. The management contract is valid for all
Technology Steering Committee, Compliance Unit members of the Board of Directors beginning with
& Anti-Money Laundering and Counter-Terrorism the Annual GMS on June 30, 2021, and ending with
Financing Unit. The Board of Directors assesses the Annual GMS for fiscal year 2023 in 2024.
the performance of the Executive Committee
every year (at least once a year). The management contract includes, among other
things, the Board of Directors' obligations that
Criteria Used must be met by the contract's expiration date,
The criteria and basis for consideration of such as the net profit target, the Company's health
the Executive Committee's performance status, and others. The management contract also
assessment are based on several things, including governs the rights and authority granted to the
performance achievements during the financial Board of Directors.
year, competency, and attendance at meetings.
Rating Result
In 2023, the Board of Directors assesses that the
implementation of duties, responsibilities, and
discussions at Executive Committee meetings is
running well and effectively. The participation of
members of the Board of Directors at committee
meetings throughout 2023, including decisions
taken in meeting discussions, is also used as a
recommendation in decision making by the Board
of Directors.
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EXECUTIVE COMMITTEE
BOARD OF
DIRECTORS
Risk Management Committee Credit Committee
Asset and Liability Committee (ALCO) Information Technology Steering Committee
a. Risk Management Committee 2. The Risk Management Committee thoroughly
The Risk Management Committee was established evaluates the Company's risks with the Board
based on Board of Directors Decree No. 025/ of Directors, all Heads of Regions and Heads
ADMF/BOD/CS/I/07 dated January 18, 2007. This of related Divisions every month.
committee is responsible for providing an 3. Providing recommendations to the
assessment of all operational policies of the Management regarding the preparation of the
Company, evaluating the Company's risks, ensuring Company's risk management policies.
that steps are taken to increase and improve the
implemented policies, and other matters related Meetings of the Risk Management Committee:
to the business risks of the Company. The Risk Management Committee holds at least
1 (one) meeting every 3 (three) months, however,
Duties and Responsibilities of the Risk the Committee may hold meetings at any time
Management Committee: if necessary with notification of at least 3 (three)
1. The Risk Management Committee is obliged working days before the meeting is held. Meetings
to prepare monthly reports regarding financial can be held if attended by more than 50% of the
and operational risks at all levels and networks total number of Committee members.
of the organization. Management will review
the report to further take the necessary steps In 2023, the Committee has held 7 (seven) meetings
and actions to monitor and suppress the with 100% attendance rate.
business risks of the Company.
Meeting throughout 2023:
No. Date Agenda Attendees
1. January 24, 2023
2. February 9, 2023
3. March 23, 2023
4. April 14, 2023 Risk Management Update The Company’s Risk Management Committee
5. May 17, 2023
6. August 21, 2023
7. October 23, 2023
Performance of the Risk Management Committee in 2023:
In 2023, this Committee succeeded in managing the Company's business risks so that the risk level of
non-performing receivables in the Company could be at a reasonable level. Moreover, the Committee
is also able to keep the balance in order to maintain total non-performing loans while considering the
financing growth of the Company. The ratio of non-performing financing (NPF) receivables was able to be
maintained at a relatively low level of 1.9% in December 2023.
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b. Credit Committee and presents reports to the relevant Directors to
The Credit Committee was established based ensure adequate control of all risks that may occur.
on Internal Memorandum No. MI 004/RIM/CRD/
IV/2010 and No. MI-005/RIM/CRD/IV/2010, both Duties and Responsibilities:
dated April 30, 2010, which have been revised 1. Providing input to the Board of Directors
with Internal Memorandum No. MI-015/RIM/ regarding Adira Finance's financing policies.
CRD/VII/2013, dated July 1, 2013, and No. MI-001/ 2. Supervising to ensure compliance with the
RIM/CRD/II/2013, dated February 1, 2013. This overall Adira Finance financing policies
Committee functions to monitor the process of consistently and analyzing issues in
financing approval, improvement, refinement, implementing these policies. Credit Committee
and simplification of processes and procedures also may provide recommendations for
for granting financing. This committee traces improvement to the Board of Directors (if
the financing application data, the ability level to necessary).
repay, the type of financing, and the credit history 3. Evaluating the Company's financing portfolio.
of the applicant. The Credit Committee submits 4. Evaluating and providing recommendations
various reports daily to facilitate monitoring of for determining authority limit for approval of
financing quality and to formulate new financing the specified financing value to the Board of
products. Furthermore, the Company reviews the Directors.
consolidated portfolio, both at the head office
and branches as well as dealers, with the existing Credit Committee Meeting:
contracts. The Credit Committee holds at least 4 (four)
Meetings each year to discuss Adira Finance's
Furthermore, the Adira Finance Credit Committee, financing policies. However, the Committee
together with the Risk Management work unit may hold meetings at any time if necessary with
of PT Bank Danamon Indonesia Tbk, also holds notification of at least 3 (three) working days prior
regular meetings to monitor all risks in the to meeting implementation. Meetings can be held
financing portfolio. From these various activities, if attended by more than 50% of the total number
Adira Finance's Credit Committee then prepares of Committee members.
In 2023, the Committee has held 7 (seven) meetings
with 100% attendance rate.
Meeting throughout 2023:
No. Date Agenda Attendees
1. January 24, 2023 Performance as of December 2022
2. February 9, 2023 Performance as of January 2023
3. March 23, 2023 Performance as of February 2023
4. April 14, 2023 Performance as of March 2023 Credit Committee
5. May 17, 2023 Performance as of April 2023
6. August 21, 2023 Performance as of July 2023
7. October 23, 2023 Performance as of September 2023
Credit Committee Performance in 2023:
In 2023, this Committee introduced various policies for providing financing from the Company to
consumers, including evaluating procedures and mechanisms for consumer acceptance, simplifying
forms and procedures, interest rates, and others. In addition, the Credit Committee has also produced
several policies related to electric vehicle financing.
295
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 300
c. Asset and Liability Committee (ALCO) by considering the ongoing financial and
ALCO was established based on the Board of monetary conditions.
Directors Decree No. SKD-004/ADMF-FIN/V/2012 6. Reviewing and evaluating the proposed
dated May 15, 2012. This committee is responsible changes in interest rates, as well as providing
for managing the Company's Assets and Liabilities input for calculating the benefits and risks to
so that the funding diversification strategy is be faced.
carried out carefully, allowing the Company's 7. Reviewing the diversification of funding
liquidity risk to be properly mitigated and finally maturity and sources of funds, so as not to rely
obtain the maximum return. too much on fluctuating funding sources.
Duties and responsibilities: ALCO meeting:
1. Establishing liquidity management policies. ALCO holds at least 1 (one) Meetings in every 3
2. Reviewing and approving the Company's (three) months; however, the Committee may hold
balance sheet risk and return targets. meetings at any time if necessary with notification
3. Approving all matters related to risk of at least 3 (three) working days prior to meeting
management and balance sheet returns implementation. Meetings can be held if attended
according to predetermined limits. by more than 50% of the number of Committee
4. Reviewing, evaluating and approving the members.
proposed hedging strategies according to
predetermined limits. In 2023, ALCO held 4 (four) meetings with the
5. Approving hedging for managing interest attendance rate of permanent members reached
rate risk on funding in foreign currencies 100%.
Meeting throughout 2023:
No. Date Agenda Attendees
1. February 20, 2023 · Market & Liquidity Risk & RAS
· Funding Activities
· Asset & Porftfolio
2. May 8, 2023 · Market & Liquidity Risk & RAS
· Funding Activities
· Asset & Porftfolio
ALCO Committee
3. August 22, 2023 · Market & Liquidity Risk & RAS
· Funding Activities
· Asset & Porftfolio
4. December 19, 2023 · Market & Liquidity Risk & RAS
· Funding Activities
· Asset & Porftfolio
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
ALCO performance in 2023: 5. Conformity of Information Technology with
In 2023, the ALCO Meeting generated several management information system need and
decisions related to liquidity management and the need of the Company’s business;
provided input regarding financing interest rates. 6. Risk mitigation effectiveness on the Company’s
The Company's liquidity and financing conditions investment on Information Technology so that
throughout 2023 can be managed properly, the investment contributes to the Company’s
resulting in an increase in the Company's net business achievement;
profit. 7. Monitoring on Information Technology
performance and efforts to improve the
d. Information Technology Steering performance;
Committee 8. Settle various issues on Information Technology
The Information Technology Steering Committee which can not be resolved effectively, efficiently
was established according to the Board of Directors and in a timely manner by Information
Decision Letter No. SKD-003/ADMF-IT/VII/2021 Technology users and host; and
dated April 19, 2021. This committee is responsible 9. Adequacy and the Company’s Information
for providing recommendations on Information Technology resources allocation.
Technology to the Board of Directors.
Information Technology Steering Committee
Duties and Responsibilities: Meeting:
1. Information Technology development plan Meetings are held at least 1 (one) every year;
in line with the Company’s business and the however, the Committee may hold meetings at
Articles of Association; any time if needed with notification at least 3
2. Formulation of Information Technology policy (three) working days before the meeting is held.
and procedure; Meetings can be held if attended by more than
3. Conformity of the approved Information 50% of the total members of the Committee.
Technology project with Information
Technology development; In 2023, the Committee held 5 (five) meetings,
4. Conformity of Information Technology project and the attendance rate of permanent members
implementation with the approved Information reached 100%.
Technology project;
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 302
Meetings in 2023:
No. Date Topics Participants
1. February 21, 2023 1. Technology upgrade and capacity expansion for ECM Information Technology
document storage Steering Committee, IT,
2. IT & Digital collaboration & integration for cyber security. Procurement, Audit, DCOE,
3. Cybersecurity resilience and Risk teams
4. Summary of operation & system performance
improvements
5. Summary of business needs fulfillment
6. Summary of project implementation
2. June 9, 2023 1. Fulfillment of Basic IT Functions & Improvement of IT Information Technology
Organizational Structure Steering Committee, IT,
2. Adira Achievement Report1 Procurement, Audit, DCOE,
3. ISO 27001 Certification Achievement Report and Risk teams
4. Budget approval for IT System Performance & Stability
Improvement Project (ARJUNA)
5. Budget approval for IT System Operational Resilience
Improvement Project (NAKULA)
6. Budget approval for IT System Resilience & Security
Improvement Project (BIMA)
7. Budget approval for IT Organizational Transformation
Project (ISTI)
8. Budget approval for IT Strategy, Architecture & Work
Program Project
9. Budget approval for Fix The Basic Project related to Sales &
Survey Tools (MS2)
10. Budget utilization for procurement of licenses and network
connectors (SFP SAN Switch)
11. Summary of Operations & System Performance
Improvements
12. Summary of Fulfillment of Business Requirements
3. August 10, 2023 1. Progress Report on Fix the Basic MS2 Information Technology
2. Progress Report on IT Cost Leadership Steering Committee, IT,
3. Budget approval for OCR Utilization for MS2 Applications Procurement, Audit, DCOE,
on the IDE/SRE Form and Risk teams
4. Budget approval for DTM Environments Implementation
to Improve IT System Quality
5. Budget approval for Data & Technology Improvement for
Business Dashboard Implementation
6. Budget approval for Enhance Security Control (Endpoint
Protection & Mobile Application Security)
7. Budget approval for Managed Service Technical Field
Support
8. Budget approval for Automate Repetitive Task With
Ansible Tower
9. Budget approval for CMBD Implementation and Asset
Management
10. Budget approval for 2023 Replacement Storage
11. Budget approval for GTM Load Balancer Replacement
(Jakarta & Surabaya)
12. Budget approval for New Backup Technology
13. Budget approval for Budget Monitoring Solution (Datadog)
14.Regular Reports on System Performance Stabilization &
Improvement
4. September 23, 2023 Progress Reports, Plans and Activities to be carried out: Information Technology
a. Summary of IT Investment Budget Utilization Steering Committee, IT,
b. IT Cost Leadership Procurement, Audit, DCOE,
c. Quick Win & Quick Fix MS2 and Risk teams
d. SAP ASSIST System Performance Improvement
e. IT Business & Governance Achievements and Activities
IT Budget Committee Approval:
a. Project Budget Approval - IT Infrastructure
b. Project Budget Approval - IT Architecture
Regular Topics:
a. System Performance Stabilization and Improvement
b. Summary of Business Requirements & Project
Implementation
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
No. Date Topics Participants
5. October 23, 2023 Progress Report, Plans and Activities to be carried out: Information Technology
a. Quick Win MS2 Progress Information Summary Steering Committee, IT,
b. Cybersecurity Resilience - Building Red Team Capabilities Procurement, Audit, DCOE,
c. Deloitte and SKAI BDI Audit Progress and Risk teams
IT Budget Committee Approval:
a. Project Budget Approval - IT Infrastructure
Regular Topics:
a. Summary of Business Requirements & Project
Implementation
b. Stabilization and Improvement of System Performance
Strategic Decisions of the Information 11 Report on the Achievement of IT Infrastructure
Technology Steering Committee for 2023: 12 The Committee approved the project
During 2023, the Information Technology Steering Procurement and implementation of OCR
Committee has established and ratified a series of feature on MS2
strategic implementation plans: 13 The Committee approved the DTM
1 The Committee approved and set – the Environments Implementation project
Technology Upgrade & Addition of ECM 14 The Committee approved the Business
Document Storage Capacity; Dashbaord Implementation project
2 Collaboration and integration between IT & 15 The Committee approved the Mobile
Digital aim to align IT implementation with Application IT security resilience improvement
POJK MRTI on IT Risk Management (MRTI) as project
well as the implementation of cybersecurity 16 The Committee approved the project Secure
and resilience SDLC with SAST
3 IT organizational structure changes 17 The Committee approved the Threat
4 The Committee approved the Project Intelligence Platform project
Synchronization of employee data in SAP with 18 The Committee approved the project manage
Windows login (Microsoft Active Directory - service technical support field
Single Sign On) (ARJUNA) 19 The Committee approved the project Automate
5 The Committee approved the ADMF IT Disaster Repetitive Task With Ansible Tower
Recovery (DR) Management Project (NAKULA) 20 The Committee approved the CMBD and Asset
type Cold Management Implementation project
6 The Committee approved Project Improvement 21 The Committee approved the Replace Storage
in Encryption of ADMF 2023 API (BIMA) project
7 The Committee approved the Project to 22 The Committee approved the project Replace
Improve Detection & Response to build IT Load Balancer GTM
Security Resilience (BIMA) 23 The Committee approves the New Backup
8 The Committee approved the Project to Build Technology project
a Comprehensive Security Operations Center 24 The Committee approved the monitoring
(BIMA) solution project
9 The Committee approved the Procurement of 25 The Committee approved the project
IT Strategic Transformation Initiative project monitoring solution (Datadog)
consultant (PANDAWA - ISTI) 26 The Committee approved the action plan
10 The Committee approved the IT Strategic related to Transform Shadow IT into Empowered
Planning Project (ARJUNA) IT
27 The Committee approved the Adira Corpu core
switch replacement project
299
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 304
The membership of the Board of Directors in the Executive Committee is as follows:
Information
Risk Management Technology
Name Credit Committee ALCO Committee
Committee Steering
Committee
I Dewa Made Susila √ √ √ √
Swandajani Gunadi √ √ √ √
Niko Kurniawan Bonggowarsito √ √ √ √
Harry Latif √ √ √ √
Jin Yoshida √ √ √ √
Denny Riza Farib √ √ √ √
The percentage of attendance of members of the Board of Directors at Executive Committee Meetings
throughout 2023 is as follows:
Information
Risk
Technology Reason for
Name Management Credit Committee ALCO Committee
Steering Absence
Committee
Committee
I Dewa Made Susila 100% 100% 100% 100% -
Swandajani Gunadi 100% 100% 100% 100% -
Niko Kurniawan 100% 100% 100% 100% -
Bonggowarsito
Harry Latif 100% 100% 100% 100% -
Jin Yoshida 100% 100% 100% 100% -
Denny Riza Farib 100% 100% 100% 100% -
RELATIONSHIP OF THE BOARD OF of Commissioners, either at a Joint Meeting
COMMISSIONERS AND THE BOARD OF of the Board of Commissioners and the Board
DIRECTORS of Directors or at any other time deemed
In carrying out the Company's activities, several necessary by the Board of Commissioners;
guidelines regulate the relationship between 4. The Board of Commissioners may request
the Board of Commissioners, including the Company data and/or information from
Company's articles of association, Guidelines the Board of Directors in order to carry out
for Corporate Governance, Guidelines and Work supervisory duties, either directly or through
Procedures for the Board of Commissioners, committees under the Board of Commissioners;
Guidelines for Corporate Governance, Guidelines 5. As well as other matters in accordance with the
and Work Procedures for the Board of Directors, applicable policies as stated above.
as well as applicable laws and regulations. These
relationships include: MEETING OF BOARD OF COMMISSIONERS
1. In carrying out its management duties, the The Board of Commissioners holds at least 1 (one)
Board of Directors must obtain prior approval meeting every 2 (two) months, and at least 1 (one)
from the Board of Commissioners for several meeting must be attended by the entire members
activities/transactions, including, but not of the Board of Commissioners, unless deemed
limited to, the divert/guarantee/transfer of the necessary by 1 (one) member of the Board of
Company's assets; Commissioners, at the written request of 1 (one)
2. The Board of Directors must obtain approval or more members of the Board of Directors, or at
for the Annual Business Plan, Sustainable the request of 1 (one) shareholder or more jointly
Financial Action Plan, appointment and/or owning 1/10 of the total shares issued by the
dismissal of the Head of the Audit Unit and Company with valid voting rights. A meeting of
Corporate Secretary; the Board of Commissioners is only valid and able
3. The Board of Directors must submit a report on to make binding decisions if more than ½ of the
the management of the Company to the Board total members of the Board of Commissioners are
present or represented at the meeting.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
The Board of Commissioners Meeting Resolution The Board of Commissioners may also take valid
must be taken based on deliberation to reach a and binding decisions without holding the Board
consensus. In the event that a deliberation decision of Commissioners Meeting, provided that the
to reach a consensus is not reached, the decision is entire members of the Board of Commissioners
taken by voting in favor of more than ½ of the total approve the proposal submitted in writing and
votes legally cast at the meeting. In the event the sign the agreement. Decisions taken in this way
votes in favor and the votes against are equal, then have the same power as decisions taken legally at
the proposal is considered rejected. Each member the Board of Commissioners meeting.
of the Board of Commissioners present at the
meeting has the right to cast 1 (one) vote and an In 2023, the Board of Commissioners held 7 (seven)
additional 1 (one) vote for each other represented Board of Commissioners meetings, with an average
member of the Board of Commissioners. attendance rate of 91.8%. This attendance rate
indicates the high commitment of all members
Each member of the Board of Commissioners of the Company's Board of Commissioners and
who personally, in any way, either directly or has met the minimum attendance requirements
indirectly, has interests in a transaction, contract, at meetings as stipulated in OJK Regulation
or contract proposal in which the Company is one No. 30/POJK.05/2014 concerning Good Corporate
of the parties must state the nature of the interest Governance for Finance Companies, in which the
in a Board of Commissioners Meeting and is not minimum number of attendances in meetings is
entitled to participate in voting on matters related 75% in a year.
to the transaction or contract, unless the Board of
Commissioners meeting determines otherwise.
Attendance List for the Board of Commissioners' meetings for 2023 is as follows:
Date
Name
7 Feb 27 Apr 23 May 15 Jun 8 Aug 31 Oct 18 Dec
Yasushi Itagaki *)
√
Daisuke Ejima **)
√ √
Krisna Wijaya √ √ √ √ √ √ X
Manggi Taruna Habir √ √ √ √ √ √ √
Eng Heng Nee Philip √ √ √ √ √ √ √
Congsin Congcar √ X X √ √ √ √
Hafid Hadeli √ √ √ √ √ √ X
Note:
*) Resigned from his position as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023
**) Appointed as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on
October 10, 2023 after passed the Fit and Proper Test from the Financial Services Authority.
Brief report on the Board of Commissioners meetings in 2023 is as follows:
No. Date Discussion Agenda
1. February 7, 2023 · The Audit Committee Report
· The Risk Monitoring Committee Report
· Changes in the Composition of Nomination and Remuneration Committee Members
· Agenda for the Annual General Meeting of Shareholders
2. April 27, 2023 · The Audit Committee Report
· Changes to policies and procedures for implementing anti-money laundering and counter-
terrorism financing
3. May 23, 2023 · Maverick Project
4. June 15, 2023 · The Risk Monitoring Committee Report
· Updates on the Maverick Project
301
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 306
No. Date Discussion Agenda
5. August 8, 2023 · The Audit Committee Report
· Updates on Corporate Actions
6. October 31, 2023 · Audit Committee Report
· Risk Monitoring Committee Report
7. December 18, 2023 · The Audit Committee Report
· The Risk Monitoring Committee Report
· Plans for the 2024 Annual General Meeting of Shareholders
The attendance of members of the Board of Commissioners at Board of Commissioners Meetings in 2023
is as follows:
Number of Number of %
Name Reason for Absence
Meeting Attendance Attendance
Yasushi Itagaki*) 1 1 100 -
Daisuke Ejima**) 2 2 100 -
Krisna Wijaya 7 6 85.7 On Leave
Manggi Taruna Habir 7 7 100 -
Eng Heng Nee Philip 7 7 100 -
Congsin Congcar 7 5 71.4 Attending other meeting
Hafid Hadeli 7 6 85.7 On Leave
Note:
*) Resigned from his position as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023
**) Appointed as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on
October 10, 2023 after passed the Fit and Proper Test from the Financial Services Authority.
Board of Commissioners Meeting Plans for 2024 2. The control system runs well and the Company's
For 2024, the Board of Commissioners plans to risk management can also be managed
hold 6 (six) meetings on: properly;
1. Wednesday, February 7, 2024; 3. The principles of Good Corporate Governance
2. Tuesday, March 26, 2024; have been properly and consistently
3. Wednesday, June 5, 2024; implemented by the entire Company units;
4. Wednesday, August 7, 2024; 4. The Company's business performance can also
5. Thursday, September 26, 2024; be enjoyed by the shareholders in the form of
6. Tuesday, November 19, 2024. dividend distribution by the Company;
5. All stakeholders’ interests can be maintained
The meeting may change in the event of request equally and reasonably.
from the majority of the Company's Board of
Commissioners’ members. In order to ensure the business sustainability of the
Company, the Company's Board of Commissioners
JOINT MEETINGS OF THE BOARD OF and the Board of Directors routinely hold joint
COMMISSIONERS AND BOARD OF meetings to discuss the Company performance
DIRECTORS and discuss issues that arise or are expected to
In accordance with their respective duties arise in order to find the best solution collectively.
and responsibilities, the Company's Board of
Commissioners and Board of Directors have Throughout 2023, the Company’s Board of
the same obligation to maintain the business Commissioners and Board of Directors held 6
sustainability of the Company. The successful (six) joint meetings, and the attendance rate of
implementation of these obligations is as reflected members of the Board of Commissioners and
as follows: Board of Directors reached 97.4%. This high
1. The Company performance is maintained as attendance rate indicates the high commitment
reflected in the financial statements audited of all members of the Company’s Board of
by the Public Accounting Firm and published Commissioners and Board of Directors.
to the public;
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Page 307
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Attendance list at joint meetings of the Board of Commissioners and Board of Directors throughout 2023
is as follows:
Date
Name
7 Feb 27 Apr 15 Jun 8 Aug 31 Oct 18 Dec
Yasushi Itagaki *)
√
Daisuke Ejima **)
√ √
Krisna Wijaya √ √ √ √ √ x
Manggi Taruna Habir √ √ √ √ √ √
Eng Heng Nee Philip √ √ √ √ √ √
Congsin Congcar √ √ √ √ √ √
Hafid Hadeli √ √ √ √ √ x
I Dewa Made Susila √ √ √ √ √ √
Swandajani Gunadi √ √ √ √ √ √
Niko Kurniawan Bonggowarsito √ x √ √ √ √
Harry Latif √ √ √ √ √ √
Jin Yoshida √ √ √ √ √ √
Denny Riza Farib ***)
√ √
Note:
*) Resigned from his position as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023
**) Appointed as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on
October 10, 2023 after passed the Fit and Proper Test from the Financial Services Authority.
***) Appointed as Director of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on October 10, 2023
after passed the Fit and Proper Test from the Financial Services Authority.
The attendance of members of the Board of Commissioners and Directors at Joint Meetings in 2023 is as
follows:
Number of Number of %
Name Reason for Absence
Meeting Attendance Attendance
Yasushi Itagaki*) 1 1 100 -
Daisuke Ejima**) 2 2 100 -
Krisna Wijaya 6 5 83,3 On Leave
Manggi Taruna Habir 6 6 100 -
Eng Heng Nee Philip 6 6 100 -
Congsin Congcar 6 6 100 -
Hafid Hadeli 6 5 83,3 On Leave
I Dewa Made Susila 6 6 100 -
Swandajani Gunadi 6 6 100
Niko Kurniawan Bonggowarsito 6 6 100 -
Harry Latif 6 6 100 -
Jin Yoshida 6 6 100 -
Denny Riza Farib ***)
2 2 100 -
Note:
*) Resigned from his position as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023
**) Appointed as President Commissioner of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on
October 10, 2023 after passed the Fit and Proper Test from the Financial Services Authority.
***) Appointed as Director of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on October 10, 2023
after passed the Fit and Proper Test from the Financial Services Authority.
303
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 308
Brief report on the Joint Meeting of the Company's Board of Commissioners and Directors in 2023 is as
follows:
No. Date Discussion Agenda
1. February 7, 2023 · Financial and Business Performance in 2022
· Realization of the 2022 Business Plan
· Dividend Proposal for Fiscal Year 2022
· Updates on the Cyber Security Action Plan
· Other Updates
2. April 27, 2023 · Financial Performance Q1 2023
· Updates on Competitors
· Revised Annual Business Plan
3. June 15, 2023 · Financial Performance as of May 2023
· Market Updates
4. August 8, 2023 · Financial and Business Performance for Semester I 2023
· Other updates on Business/Operations
5. October 31, 2023 · Financial and Business Performance Q3 2023
· 2024-2026 Business Plan, Annual Business Plan and 2024 Sustainable Financial Action Plan
· Other updates on Business/Operations
6. December 18, 2023 · Financial and Business Performance as of November 2023
· Updates on Competitors as of September 2024
· Other updates on Business/Operations
Joint Meeting Plan in 2023 The Board of Directors meeting resolution must be
For 2024, the Board of Commissioners and Board taken based on deliberation to reach a consensus.
of Directors plan to hold 6 (six) meetings on: In the event that a deliberation decision to reach
1. Wednesday, February 7, 2024; a consensus is not reached, the decision is taken
2. Tuesday, March 26, 2024; by voting in favor of more than. ½ (one-half) of the
3. Wednesday, June 5, 2024; total votes validly cast at the meeting. In the event
4. Wednesday, August 7, 2024; that the votes in favor and the votes against are
5. Thursday, September 26, 2024; equal, then the proposal is considered rejected.
6. Tuesday, November 19, 2024. Each member of the Board of Directors present at
the meeting has the right to cast 1 (one) vote and an
The meeting plan may change in the event of additional 1 (one) vote for each other represented
request from a majority of the Company's Board of member of the Board of Directors.
Commissioners and Board of Directors members.
Each member of the Board of Directors who
BOARD OF DIRECTORS MEETING personally, in any way, either directly or indirectly,
The Board of Directors may hold at least 1 (one) has an interest in a transaction, contract, or
meeting in a month, unless deemed necessary proposed contract to which the Company is
by 1 (one) member of the Board of Directors, or at one of the parties must state the nature of their
the written request of 1 (one) or more members interests in a Board of Directors Meeting and is not
of the Board of Commissioners, or at the written entitled to participate in voting related to matters
request of 1 (one) or more shareholders jointly concerning the transaction or contract, unless the
own 1/10 (one-tenth) of the total shares issued by Board of Directors Meeting determines otherwise.
the Company with valid voting rights. The Board
of Directors meeting is only valid and can make The Board of Directors may also make valid and
binding decisions if more than ½ (one half) of binding decisions without holding the Board of
the total members of the Board of Directors are Directors’ meeting, provided that all members
present or represented at the meeting. of the Board of Directors approve the proposal
submitted in writing and sign the agreement.
Decisions taken in this way have the same power
as decisions taken legally at a Board of Directors
meeting.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 309
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
In 2023, the Board of Directors held 19 (nineteen) Board of Directors meetings with an attendance rate
reached 91.2%. This attendance rate complies with the provisions of OJK Regulation No. 30/POJK.05/2014
concerning Good Corporate Governance for Financing Companies, where at least within a year the
attendance rate of the Board of Directors in meetings is required to reach 50%.
List of attendance at the Board of Directors Meeting in 2023:
Date
19 September
19 December
21 November
5 September
6 November
5 December
20 February
8 February
16 January
28 March
22 Augst
13 March
10 Augst
21 June
19 April
23 May
11 April
Name
11 July
8 May
I Dewa Made Susila √ √ √ √ √ √ √ √ √ √ √ √ √ X X √ √ √ √
Swandajani Gunadi √ √ √ √ √ √ X √ √ √ √ X √ √ √ √ √ √ √
Niko Kurniawan B. √ √ √ √ √ X X √ √ √ √ √ √ √ √ √ √ √ √
Harry Latif √ √ √ √ √ √ √ √ √ √ √ √ √ X X √ √ √ √
Jin Yoshida √ √ √ √ √ √ √ √ √ √ √ X X √ √ √ √ √ √
Denny Riza Farib *)
√ √ √ √
Note:
*) Appointed as Director of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on October 10, 2023
after passed the Fit and Proper Test from the Financial Services Authority
The attendance of members of the Board of Directors at Board of Directors Meetings in 2023 is as follows:
Number of Number of %
Name Reason of Absence
Meeting Attendance Attendance
I Dewa Made Susila 19 17 89,4 Business Trip
Swandajani Gunadi 19 17 89,4 Business Trip
Niko Kurniawan Bonggowarsito 19 17 89,4 Business Trip
Harry Latif 19 17 89,4 Business Trip
Jin Yoshida 19 17 89,4 Business Trip
Denny Riza Farib*) 4 4 100 -
Note:
*) Appointed as Director of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on October 10, 2023
after passed the Fit and Proper Test from the Financial Services Authority
Brief report of the Board of Directors Meeting in 2023 is as follows:
Attendance of Member of the Board of
Directors
Kurniawan B.
I Dewa Made
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Date Agenda
Gunadi
Farib*)
Susila
Niko
January 16, 2023 1. Regional Discussion
√ √ √ √ √
2. Others
February 8, 2023 1. Financial Performance Update
√ √ √ √ √
2. IIMS 2023
February 20, 2023 1. Protection of Personal and Consumer Data
√ √ √ √ √
2. Adirapoint
March 13, 2023 1. ACCTION system
√ √ √ √ √
2. Employee Optimization
March 28, 2023 1. Strategic Transformation of Information Technology
√ √ √ √ √
2. MPL Roadmap
305
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Attendance of Member of the Board of
Directors
Kurniawan B.
I Dewa Made
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Date Agenda
Gunadi
Farib*)
Susila
Niko
April 11, 2023 1. Financial Performance Update
√ √ X √ √
2. Regain Marketshare 2W
April 19, 2023 1. Changes to the Guidelines for Implementing the AML-CTF
Program √ X X √ √
2. Other Updates
May 8, 2023 1. Business Updates
√ √ √ √ √
2. Update on Customer Retention Workshop
May 23, 2023 Sharing Session from Krungsri √ √ √ √ √
June 21, 2023 1. Risk Update
2. Updates on the Midyear Forecast √ √ √ √ √
3. Cost Leadership & Workshop Plan
July 11, 2023 1. Updates on nformation & Digital Technology
2. Update on QPR Bank Danamon Semester I/2023 √ √ √ √ √
3. Virtual Benefits Project
August 10, 2023 1. 4W Market Share
2. Fee Income
√ X √ √ X
3. Approval Risk Appetite Statement 2023
4. Updates on Customer Data Protection
August 22, 2023 1. Updates on Non-Auto
√ √ √ √ X
2. Updates on insurance
September 5, 2023 1. LME Database Trends
2. Retention Program X √ √ X √
3. Updates regarding the DTM Project
September 19, 1. Updates on Corporate Actions
2023 2. Updates on Financial Plans (2024-2026)
X √ √ X √
3. AD1Gate Application Resilience Test
4. DLB Capex from Oliver Wyman
November 6, 2023 1. Updates on the POJK Draft regarding the Development
and Leverage of Financing Companies, Venture Capital
Companies and Infrastructure Financing Companies √ √ √ √ √ √
(RPOJK Financing Institutions)
2. Updates on Performance and Planning Cycle 2
November 21, 2023 1. Planning Cycle Preparation
2. Process Improvement
√ √ √ √ √ √
3. Program for Customer Retention
4. Compliance & Consumer Consent
December 5, 2023 1. Regain Marketshare in Automotive
2. Adira Community Program
√ √ √ √ √ √
3. Project Mutual
4. Regional Office Plan
December 19, 2023 1. Development of the 2023 Audit Process
2. Telecenter Revamp Proposal √ √ √ √ √ √
3. Project E-SK Staffing and Updates on Litigation
Note:
*) Appointed as Director of the Company at the Annual General Meeting of Shareholders on April 4 2023 and effectively served on October 10, 2023
after passed the Fit and Proper Test from the Financial Services Authority
Board of Directors Meeting Plan for 2024
For 2024, the Board of Directors plans to hold at least 1 (one) meeting a month, so that throughout 2024
there will be at least 24 (twenty-four) scheduled meetings as follows:
1. Thursday, January 4, 2024
2. Wednesday, January 24, 2024
3. Tuesday, February 6, 2024
4. Tuesday, February 20, 2024
5. Tuesday, March 5, 2024
6. Friday, March 19, 2024
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7. Tuesday, April 2, 2024 The above meeting schedule are subject to
8. Tuesday, April 23, 2024 change upon the request from the majority of the
9. Tuesday, May 7, 2024 members of the Board of Directors.
10. Tuesday, May 21, 2024
11. Tuesday, June 4, 2024 DIVERSITY OF THE BOARD OF
12. Thursday, June 20, 2024 COMMISSIONERS AND BOARD OF
13. Tuesday, July 9, 2024 DIRECTORS
14. Tuesday, July 23, 2024 The members of Adira Finance's Board of
15. Tuesday, August 6, 2024 Commissioners and Board of Directors are
16. Tuesday, August 20, 2024 appointed by the GMS based on recommendations
17. Tuesday, September 3, 2024 from the Nomination and Remuneration
18. Wednesday, September 18, 2024 Committee, considering the diversity of expertise,
19. Tuesday, October 8, 2024 educational background, experience, and good
20. Tuesday, October 22, 2024 track record regardless of differences in gender,
21. Tuesday, November 12, 2024 ethnicity, race, or religion in order to support the
22. Tuesday, November 26, 2024 supervisory duties implemented by the Board
23. Tuesday, December 10, 2024 of Commissioners and the management of the
24. Tuesday, December 24, 2024 Company by the Board of Directors.
The combination of various backgrounds of expertise, education, and experience of the members of Adira
Finance's Board of Commissioners and Board of Directors is reflected in the following table:
Name Gender Age Education Expertise
Board of Commissioners
Daisuke Ejima Male 55 Master of Business Administration from Finance, strategy and business
Michigan University planning
Krisna Wijaya Male 68 Doctor of Inter-Field Studies from Corporate Governance, Finance and
Gajah Mada University Risk management
Manggi Taruna Male 70 Master in Public Administration from Corporate Govenance and Finance
Habir Harvard University
Eng Heng Nee Male 77 Bachelor of Commerce in Accounting Risk Management, Corporate
Philip from the Institute of Chartered Governance, Finance and Business
Accountants
Congsin Male 53 Bachelor of Accounting and Economics Finance and Business
Congcar from the University of Alberta, Canada
Hafid Hadeli Male 60 Bachelor of Accounting from Trisakti Accounting, finance, and business
University strategy
Name Gender Age Education Expertise
Board of Directors
I Dewa Made Male 53 Master of Management from PPM Accounting, finance and business
Susila College of Management planning
Swandajani Female 51 Bachelor of Agronomy from Bogor Human resource management and
Gunadi Agricultural Institute marketing strategy
Niko Male 52 Bachelor of Business from the Product marketing and business
Kurniawan Indonesian Business Institute development
Bonggowarsito
Harry Latif Male 51 Bachelor of Economics from Atmajaya Product marketing and business
University strategy
Jin Yoshida Male 50 Bachelor of Laws from Gakushuin Strategic planning and business
University alliances
Denny Riza Male 51 Bachelor of Science from Padjadjaran Credit, Collection and Recovery
Farib University
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PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS AND BOARD OF
DIRECTORS
Performance Assessment of the Board of Commissioners in 2023
2023 performance achievements of the Adira Finance's Board of Commissioners include the following:
1. Implementation of the principles of Good Corporate Governance following Adira Finance Corporate
Governance Guidelines.
2. The realization of nearly all of the Company's Vision, Mission and Philosophy. However, the hard work is
still necessary to achieve the Company's Vision to become a world-class finance company.
3. Implementation of the Company's Work Plan and Budget as stipulated.
4. Implementation of the Company's Strategic Plan, especially for short-term plans.
5. The special tasks given to the Board of Commissioners can be carried out properly and on time.
6. Audit Committee carrie out its duties and responsibilities in line with the predetermined targets.
7. Risk Oversight Committee carried out its duties and obligations in line with the predetermined targets.
8. Nomination and Remuneration Committee carried out its duties and obligations in line with the
predetermined targets.
9. Attendance rate of the members of the Board of Commissioners in the Board of Commissioners
Meetings and Joint Meetings with the Company's Board of Directors is above 75%.
Based on these achievements, the Company carried out independent assessment by members of the
Board of Commissioners, then the assessment results will be submitted by the President Commissioner
to the GMS for approval.
Performance indicators of the Board of Commissioners in 2023:
No. Indicator Weight Achievement Score Description
1. Attendance at every Board of 10% 92% 9,2 The attendance level of members
Commissioners Meeting and Joint of the Board of Commissioners at
Meeting Board of Commissioners meetings
and joint meetings with the Board
of Directors reached 91.8%.
2. Understanding of the Company's 10% 100% 10 All members of the Board of
conditions Commissioners have a good
understanding of the Company's
current conditions.
3. Level of objectivity, professionalism 10% 100% 10 All decisions of the Board of
and independence in every decision Commissioners have been carried
making out objectively, professionally and
independently
4. Implementation of Corporate 15% 110% 16,5 Adira Finance's corporate
Governance governance has been carried out
well.
5. Implementation of the Company's 10% 100% 10 The Company's Strategic Plan can
Strategic Plan be implemented in accordance
with the predetermined plan.
6. Implementation of the performance 15% 100% 15 The Audit Committee has carried
of the Audit Committee out its duties in accordance with
the work plan with a completion
time less than the specified target
time.
7. Implementation of the performance 15% 100% 15 The Risk Management Committee
of the Risk Management Committee has carried out its duties in
accordance with the work plan that
has been determined.
8. Implementation of the 15% 100% 15 The Nomination and Remuneration
performance of the Nomination and Committee has carried out its
Remuneration Committee duties in accordance with the
determined work plan.
Total Score 100% 101
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Assessment of individual performance of the Board of Commissioners in 2023:
Manggi
Daisuke Krisna Eng Heng Congsin Hafid
No. Performance Taruna
Ejima Wijaya Nee Philip Congcar Hadeli
Habir
1. Attendance rate at meetings 100 85.7 100 100 71.4 85.7
2. Contribution to the supervisory 100 100 100 100 100 100
function
3. Contribution in the achievement 100 100 100 100 100 100
of the Committee's performance
4. Contribution in the 110 110 110 110 110 110
implementation of the principles
of Good Corporate Governance
Total Score 102.5 98.9 102.5 102.5 95.4 98.9
Assessment of the Board of Directors Members
In order to measure the performance of the Company's Board of Directors, Adira Finance has implemented
a Board of Directors performance appraisal system. This assessment is carried out to measure the
achievement level of the Company's vision, mission, and strategy by the Board of Directors and is to be
used to assess achievement and remuneration based on collective and individual performance.
Assessment process for Adira Finance's Board of Directors in 2023 was carried out both collectively and
individually by considering qualitative factors using the assessment criteria agreed upon by the Company's
Board of Directors members. The assessment system is carried out jointly with all members of the Board of
Directors for further approval from the Nomination and Remuneration Committee to be submitted to the
Board of Commissioners and GMS based on predetermined performance indicators.
Performance Indicator
Performance assessment of each member of the Board of Directors is carried out by the Nomination and
Remuneration Committee to be submitted to the President Director, using the following criteria:
1. Consistent in increasing return on investment for the shareholders.
2. Useful contribution to the Company's strategy.
3. The understanding level of the main risks that affect the Company.
4. Providing clear direction to the employees to achieve of the Company’s goals.
5. Cooperation among fellow members of the Board of Directors.
6. Commitment to the time needed to carry out duties properly.
7. Professionalism and willingness to listen and respect the ideas of other Directors and other senior
officials.
Criteria for collective assessment of the Board of Directors include the following:
1. Implementation of Good Corporate Governance;
2. The contribution and active role of the Board of Directors in the application and implementation of the
Company's culture, vision, mission, philosophy, budget and work plans of the Company;
3. Realization of GMS resolutions;
4. Contribution to the implementation of the Company's Work Plan and Budget;
5. Implementation of the Company's Strategic Plan;
6. Achievement level of the Company's targets and objectives;
7. Making important decisions quickly, on the basis of the best considerations;
8. Close relationship between the Board of Directors and senior officials;
9. Attendance rate at meetings, both at the Board of Directors meetings and joint meetings with the
Board of Commissioners.
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Board of Directors performance assessment results in 2023:
No. Indicator Weight Achievement Score Description
1. Implementation of Good Corporate 10% 100% 10 Adira Finance's corporate
Governance governance has been carried out
well.
2. Contribution and active role of the 15% 100% 15 The target of achieving the
Board of Directors in the application and Company's Vision, Mission and
implementation of the Company's culture, Values in
2023 can be realized.
vision, mission, values, budget and work
plans of the Company.
3. Realization of GMS decisions. 10% 100% 10 The decisions of the Annual GMS
held on April 4, 2023 have been
fully implemented.
4. Contribution to the implementation of the 10% 100% 10 The Company's Work Plan and
Company's Work Plan and Budget Budget can be realized according
to a predetermined schedule.
5. Implementation of the Company's Strategic 10% 110% 11 The Company's Strategic Plan can
Plan be implemented in accordance
with the predetermined plan.
6. Level of achievement of Company targets 15% 125% 18.7 The target given to the Board of
and objectives. Directors in 2023 has reached
125%.
7. Providing important decisions quickly, 10% 100% 10 Important decisions can be
based on the best considerations. made quickly based on the best
considerations.
8. Close relationship between the Board of 10% 100% 10 The relationship between the
Directors and senior officials. Board of Directors, senior officers
and other employees can be
closely established.
9. Level of attendance at meetings, both 10% 95.6% 9.56 The attendance rate at Board
at Board of Directors meetings and joint of Directors' Meetings and joint
meetings with the Board of Commissioners. meetings with the Board of
Commissioners reached 95.6%.
Total Score 100% 104.3
Individual assessment results for each member of the Board of Directors:
I Dewa Niko
Swandajani Denny Riza
No. Performance Made Kurniawan Harry Latif Jin Yoshida
Gunadi Farib
Susila B.
1. Implementation of Good 100 100 100 100 100 100
Corporate Governance
2. Contribution and active role of 100 100 100 100 100 100
the Board of Directors in the
application and implementation
of the Company's culture, vision,
mission, values, budget and work
plans of the Company.
3. Realization of GMS dresolutions. 100 100 100 100 100 100
4. Contribution to the 100 100 100 100 100 100
implementation of the
Company's Work Plan and
Budget
5. Implementation of the 110 110 110 110 110 110
Company's Strategic Plan
6. Level of achievement of 125 125 125 125 125 125
Company targets and objectives.
7. Providing important decisions 100 100 100 100 100 100
quickly, based on the best
considerations.
8. Close relationship between the 100 100 100 100 100 100
Board of Directors and senior
officials.
9. Level of attendance at 94.7 94.7 94.7 94.7 94.7 100
meetings, both at Board of
Directors meetings and joint
meetings with the Board of
Commissioners.
Total Score 103.3 103.3 103.3 103.3 103.3 103.9
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The results of the above-mentioned performance assessment of the Board of Commissioners and Board
of Directors, as well as the performance of each member of the Board of Commissioners and Board of
Commissioners, have been submitted to the Board of Commissioners and will be presented by the Board
of Commissioners at the 2023 Annual GMS in 2024.
REMUNERATION FOR THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS,
AND COMMITTEES UNDER THE BOARD OF COMMISSIONERS
Basis for Determining Remuneration
Remuneration for the Board of Commissioners and the Board of Directors of the Company is determined
by the GMS, while the distribution of remuneration for each member of the Board of Commissioners and
the Board of Directors is determined by the President Commissioner in accordance with the GMS decision
based on recommendations from the Nomination and Remuneration Committee after considering,
among others, the amount of remuneration in the previous year, increased complexity of responsibilities,
comparison with remuneration in industries similar to the Company, achievement of Company
performance, and the level of financial health of the Company.
Remuneration for Committee members under the Board of Commissioners is based on the President
Commissioner's decision based on the recommendations from the Company's Nomination and
Remuneration Committee after considering various factors, including the previous year's remuneration,
the complexity of job responsibilities, comparison with remuneration in industries similar to the company,
and the financial soundness level of the Company.
Remuneration Determination Process
Process for determining remuneration for the Board of Commissioners and Board of Directors:
The Nomination & Remuneration Committee collects information regarding remuneration
Nomination &
standards for similar position in industries in the market. Furthermore, the Nomination &
Remuneration Committee Remuneration Committee proposes recommendations to the Board of Commissioners.
The Board of Commissioners studies the recommendations from the Nomination &
Board of Commissioners Remuneration Committee and further proposes the remuneration for the Board of
Commissioners and Directors to the General Meeting of Shareholders.
General Meeting of The General Meeting of Shareholders determines the remuneration for members of
the Board of Commissioners and the Board of Directors and authorizes the President
Shareholders
Commissioner to carry out the distribution.
The President Commissioner divides remuneration for each member of the Board of
President Commissioner Commissioners and the Board of Directors based on the resolutions of the General Meeting
of Shareholders.
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Process for Determining remuneration for Committee members under the Board of Commissioners:
The Nomination & Remuneration Committee collects information regarding remuneration
Nomination &
standards for similar position in industries in the market. Furthermore, the Nomination &
Remuneration Committee Remuneration Committee proposes recommendations to the Board of Commissioners.
The Board of Commissioners studies the recommendations from the Nomination &
Board of Commissioners Remuneration Committee and further proposes the remuneration for the member of
Committee under the Board of Commissioners
Nomination & The conduct of remuneration distribution based on the decision of the Board of
Remuneration Committee Commissioners.
Remuneration Structure
Remuneration structure for the Company's Board of Commissioners and Board of Directors in 2023
1. Short Term Remuneration
No. Type of Remuneration Provisions
Board of Commissioner
1. Honorarium Provided monthly with an amount in accordance with the results of the Company's
Annual General Meeting of Shareholders, taking recommendations from the Nomination
and Remuneration Committee.
2. Allowance
· Transport Allowance Paid monthly along with honorarium payments
· Religious Holiday Holiday allowance, which is paid before Eid al-Fitr in the amount of 1 (one) month's
Allowance honorarium.
3. Facilities
· Health Provided in the form of health insurance facilities for both members of the Board of
Commissioners concerned and their families
4. Tantiem Provided in accordance with the Decision of the Company's Annual General Meeting of
Shareholders, considering the recommendations of the Nomination and Remuneration
Committee.
Board of Directors
1. Salary Paid monthly and the amount is determined by the GMS decision
2. Allowance
· Religious Holiday The amount is 1 time the salary paid before Eid al-Fitr.
Allowance
· Communication The amount of usage per month
Allowance
· Transport Allowance Provided monthly along with salary payments
· Housing Allowance Provided in the form of a loan which is repaid in monthly installments.
3. Facilities
· Health Provided in the form of health insurance facilities for both members of the Board of
Directors concerned and their families.
4. Tantiem The amount heavily depends on the Company's performance achievements and is
determined by the GMS decision.
Committees under the Board of Commissioners
1. Honorarium Provided monthly in an amount according to the decision of the Board of Commissioners,
considering recommendations from the Nomination and Remuneration Committee.
2. Allowance
· Religious Holiday Holiday allowance, which is paid before Eid al-Fitr in the amount of 1 (one) month's
Allowance honorarium.
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2. Long Term Remuneration
There is no long-term or post-employment remuneration/benefits for members of the Board of
Commissioners, Board of Directors and Committees under the Board of Commissioners.
Actual realization of remuneration for the Board of Commissioners, Board of Directors and Committees
under the Board of Commissioners in 2023
Remuneration for the Board of Commissioners:
(In Millions of Rupiah, except Number of Members)
Number of Members of the Board of Total Remuneration for the Board of
Type of remuneration Commissioners Commissioners
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Honorarium 6 5 6 6 6 3,466 3,524 4,065 3,385 3,788
Tantiem 6 5 6 6 6 975 874 570 1,414 1,255
Allowance 6 6 6 6 6 2,720 2,664 2,309 3,304 4,187
Total 7,161 7,062 6,944 8,103 9,230
Total Remuneration per person in 1 year Number of Members of the Board of Commissioners
Above IDR2 billion 1
Above IDR1 billion - IDR2 billion 3
Above IDR500 million - IDR1 billion 0
Below IDR500 million 2
Remuneration for the Board of Directors:
(In Millions of Rupiah, except Number of Members)
Number of Members of the Board of
Total Remuneration for Board of Directors
Type of Remuneration Directors
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Salary 6 7 7 7 5 8,794 9,381 11,702 9,513 8,521
Tantiem 6 7 7 7 5 13,045 18,944 9,228 17,251 14,302
Allowance 6 7 7 7 5 27,638 40,364 24,500 29,487 29,930
Total 49,477 68,689 45,430 56,251 52,753
Total Remuneration per person in 1 year Number of Members of the Board of Directors
Above IDR2 billion 6
Above IDR1 billion - IDR2 billion 0
Above IDR500 million - IDR1 billion 0
Below IDR500 million 0
Remuneration for Committees under the Board of Commissioners:
Based on Company policy, Committee members under the Board of Commissioners who hold concurrent
positions as the Board of Commissioners members receive no additional remuneration.
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(In Millions of Rupiah, except Number of Members)
Number of Committee Members Who Do
Total Remuneration for Committee
Not Concurrently Serve as Members of the
Type of Remuneration Members
Company's Board of Commissioners
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Honorarium 4 5 6 3 3 660 623 527 372 372
Other Allowance 4 5 6 3 3 147 126 94 84 47
Total 807 749 621 456 419
Total Remuneration per person in 1 year Number of Members of the Audit Committee
Above IDR2 billion 0
Above IDR1 billion - IDR2 billion 0
Above IDR500 million - IDR1 billion 0
Below IDR500 million 4
Ratio of the Lowest and Highest Salary
The salaries that are compared in the salary ratio are the benefits received by members of the Board of
Directors, the Board of Commissioners, and employees in the last month of the reporting year.
The ratio of the highest and lowest salaries in 2023, in the following comparison scale:
Ratio of the highest and lowest employee salaries 21 : 1
Ratio of the highest and lowest salary for the Board of Directors 1.83 : 1
members
Ratio of the highest and lowest salary for the Board of 1:1
Commissioners members
Ratio of the highest salary of the Board of Directors members and 1.98 : 1
the highest employees
BOARD OF COMMISSIONERS SUPPORT
In performing its duties, the Board of Commissioners is supported by several supporting organs, including:
1. Secretary of the Board of Commissioners
2. Audit Committee
3. Risk Oversight Committee
4. Nomination and Remuneration Committee
5. Governance Committee
SECRETARY OF THE BOARD OF COMMISSIONERS
Currently, the Secretary of the Board of Commissioners is concurrently held by one of Secretary of the
Board of Directors.
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AUDIT COMMITTEE REPORT The Audit Committee's Guidelines and Work Rules
has also been uploaded to the Company's official
The Audit Committee carries out its function website at www.adira.co.id.
as one of the committees that assist the Board
of Commissioners to carry out its supervisory Membership
function over the Company performance and The composition of the members of the Adira
is one of the main pillars in implementing the Finance Audit Committee is in accordance
principles of Good Corporate Governance. This is with the Decision of the Company's Board of
outlined in the Guidelines and Work Procedures of Commissioners effective from July 1, 2022 until the
the Company's Audit Committee, FSA Regulation closing of the 2023 Annual GMS which will be held
No. 55/POJK.04/2015 regarding the Establishment at the latest on June 30, 2024, and is as follows:
and Guidelines for the Work Implementation Chairman : Manggi Taruna Habir (Independent
of the Audit Committee, FSA Regulation Commissioner)
No. 30/POJK.05/2014 concerning Good Corporate Member : Jusuf Sukiman (Independent Party)
Governance for Financing Companies as amended Member : Restiana Ie Tjoe Linggadjaya
by OJK Regulation No. 29/POJK.05/2020. (Independent Party)
Establishment of the Company's Audit Information regarding concurrent positions,
Committee work experience and educational history of each
The Company's Audit Committee was first member of the Audit Committee who still holds
established on August 30, 2004 at a meeting of the office until the publication of the 2023 Annual
Company's Board of Commissioners. Report can be seen in the Company Data Section -
Audit Committee Profile.
On November 29, 2005 based on the decision of
the Company's Board of Commissioners, the Audit Independence of the Audit Committee
Committee and Risk Management Committee All committee members have met all
were merged into the Audit and Risk Management independence criteria and are able to carry out
Committee. their duties and responsibilities independently,
uphold the interests of the Company and cannot
With the development of the Company's business be influenced by any party.
and the greater challenges that the Audit
Committee had to deal with, there is a need The independency of the members of the
to segregate the Audit and Risk Management Company's Audit Committee can be observed
Committees. Based on these considerations, from the data on their respective family relations,
on April 28, 2011, the Company's Audit and Risk finances, management, and share ownership of
Management Committees were segregated into each member of the Audit Committee.
the Audit Committee and the Risk Management
Committee. The family and financial relationships of members
of the Audit Committee with members of the Board
Audit Committee Guidelines and Work of Commissioners and/or members of the Board of
Procedures Directors and shareholders of the Company are as
Adira Finance's Audit Committee has had follows:
Guidelines and Work Procedures since 2004 which
has been reviewed and revised them several times.
The Audit Committee Guidelines and Work Rules
were last revised on September 21, 2022.
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Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Manggi
- - - - - - - - - - - -
Taruna Habir
2. Jusuf
- - - - - - - - - - - - -
Sukiman
3. Restiana
Ie Tjoe - - - - - - - - - - - - -
Linggadjaya
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Denny Riza Farib
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
1. Manggi
- - - - - - - - - - - -
Taruna Habir
2. Jusuf
- - - - - - - - - - - - -
Sukiman
3. Restiana
Ie Tjoe - - - - - - - - - - - - -
Linggadjaya
All members of the Company's Audit Committee are independent in accordance with Financial Services
Authority Regulation No. 55/POJK.04/2015 concerning the Establishment and Work Guidelines of the
Audit Committee.
The table below shows the management and ownership relationship between members of the Company's
Audit Committee in other companies:
Management and Ownership
at Other Financing Companies
Description As Member embers of
Detail Description
of Board of Board of As Shareholders
Commissioners Directors
Audit Committee Yes No Yes No Yes No
Manggi Taruna Habir - √ - √ - √ All members of the Audit
Committee do not have
Jusuf Sukiman - √ - √ - √ management and ownership
relationships in other finance
Restiana Ie Tjoe Linggadjaya - √ - √ - √ companies.
Audit Committee Term of Office
In accordance with OJK Regulation No. 55/POJK.04/2015 concerning the Establishment and Work
Guidelines of the Audit Committee, the term of office of members of the Audit Committee may not be
longer than the term of office of members of the Board of Commissioners and members may be re-
elected only for one subsequent term of office. If the Chairman of the Audit Committee resigns before his
term of office, another Independent Commissioner will replace him.
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The following is data on the tenure of members of the Audit Committee:
Members’ Name Commencement End of Term of Office
Manggi Taruna Habir 2021 Closing of AGSM Fiscal Year 2023
Jusuf Sukiman 2021 Closing of AGSM Fiscal Year 2023
Restiana Ie Tjoe Linggadjaya 2022 Closing of AGSM Fiscal Year 2023
Duties and Responsibilities of the Audit 7. The Committee is required to provide
Committee recommendations regarding the appointment
The Audit Committee must monitor and evaluate of public accountants and KAP to the Board of
the planning and implementation of the Commissioners to be submitted to the GMS.
Company’s external audit as well as to monitor 8. Submitting report of Audit Committee
the follow-up to the audit results in order to assess evaluation results on the implementation of
the adequacy of the Company’s internal control, the audit service of annual historical financial
including the adequacy of its financial reporting information.
process. 9. Reviewing and reporting to the Board of
Commissioners on complaints related to the
The Audit Committee is tasked with providing Company.
an independent professional opinion to the 10. Maintain the confidentiality of all Company
Board of Commissioners on reports or matters documents, data and information.
submitted by the Board of Directors to the 11. Prepare, review and update the Audit
Board of Commissioners as well as identifying Committee Guidelines and Work Rules.
matters requiring the attention of the Board of 12. Monitoring the follow-up to audit results
Commissioners, which include: in order to assess the adequacy of internal
1. Reviewing financial information to be issued controls, including the adequacy of the
by the Company such as financial statements, financial reporting process.
projections and other financial information
and ensuring that the financial statements Audit Committee Member Requirements
are in accordance with applicable accounting 1. Must have high integrity, ability, knowledge,
standards. experience in the field of work and be able to
2. Analyzing the Company's compliance with communicate well.
the laws and regulations in the capital market 2. One of Independent Party members of the
and other laws and regulations related to the Committee must have audit expertise.
Company's activities. 3. One of Independent Party members of the
3. Evaluate and analyze the Company's audit Committee must have expertise in finance or
plan and its implementation. Ensure that accounting for a financing company or sharia
audits have been carried out in the appropriate accounting for a sharia financing company or
frequency and scope and supervise the follow- a financing company that has a sharia business
up of audit reports. unit (SBU).
4. Analyzing the independence and objectivity of 4. One of Independent Party members of the
public accountants as well as the suitability of Committee must have expertise in legal
the audit by the Public Accounting Firm (KAP) matters and/or the capital market.
with applicable auditing standards. 5. Understand the financial statements, the
5. Analyzing the adequacy of audits conducted Company's business especially those related
by KAP to ensure that all significant risks have to the services or business activities of the
been considered. Company, audit process, risk management and
6. Monitor and evaluate the implementation of the the laws and regulations in the Capital Market
Board of Directors' follow-up on the findings of as well as other relevant laws and regulations.
the Internal Audit Unit, the Public Accounting
Firm and the results of the supervision of the
Financial Services Authority (OJK), in order
to provide recommendations to the Board of
Commissioners.
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6. Must not be a person in a public accounting 2. Communicate directly with employees,
firm or legal consultant office or Public including the Board of Directors and those
Appraisal Service Office or other party who carry out the functions of internal audit,
providing assurance services, non-assurance risk management and accountants regarding
services, appraisal services and/or other the duties and responsibilities of the Audit
consulting services to the Company in the last Committee.
6 (six) months. 3. Involve independent parties other than
7. Must not be a person who works or has the members of the Audit Committee as needed to
authority and responsibility to plan, lead, control assist in carrying out their duties (if necessary).
or supervise the activities of the Company in 4. Perform other authorities given by the Board of
the last 6 (six) months. However, this provision Commissioners.
does not apply to Independent Commissioners.
8. Members of the Audit Committee, either directly Work Ethics
or indirectly, do not own the Company's shares. Each member of the Audit Committee is required
In the event that a member of the Committee to have good integrity, character and morals.
acquires the Company's shares either directly
or indirectly as a result of a legal event, then Procedure for Selection of Audit Committee
within 6 months after the acquisition the Members who are not members of the
relevant shares must be transferred to another Company's Board of Commissioners
party. 1. The Chairman of the Audit Committee or the
9. Committee members are prohibited from Board of Directors has the right to propose
having affiliation with members of the Board the names of candidates for members of the
of Commissioners, members of the Board of Audit Committee from outside the members
Directors or the controlling shareholder of the of the Company's Board of Commissioners to
Company or Public Company. the Company's Nomination and Remuneration
10. Members of the Committee, either directly Committee. The proposed candidate must
or indirectly, are prohibited from having a meet the competency and independence
business relationship related to the Company's requirements required as a member of the
business activities. Audit Committee.
11. Willing to improve his/her competency 2. The Nomination and Remuneration
continuously through education and training. Committee will conduct interviews and
12. Must comply with the Code of Ethics of the examine the requirements of the candidates.
Audit Committee set by the Company. After conducting interviews and researching
13. Must have at least 1 (one) member with the requirements of the candidates, the
education background and expertise in Nomination and Remuneration Committee will
accounting and finance. submit recommendations on the candidates
to be appointed as members of the Audit
Authority of the Audit Committee Committee to the Board of Commissioners.
1. Have access to Company documents, data 3. The Board of Commissioners will review
and information regarding employees, funds, the recommendations of the Nomination
assets, and other Company resources related and Remuneration Committee. If the
to the implementation of their duties. recommendation is approved, the Board of
Commissioners will issue a decision letter on
the appointment of the relevant candidate as
a member of the Audit Committee. A copy of
the appointment letter is also submitted to the
Company's Board of Directors.
4. The appointment of new members of the Audit
Committee will be reported by the Chairman of
the Audit Committee in the first GMS after the
appointment is made.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Procedure for Selection of the Company’s Audit Committee Members
General Meeting of
Shareholders (GMS)
4. Report of Change of
Membership
2. Recommendation
Board of Commissioners
3. Appointment
Nomination &
Audit Committee
Remuneration Committee
1. Candidate Nomination
1. Candidate Nominatiion
Board of Directors
Implementation of Audit Committee Duties have been appointed by the GMS to audit the
during 2023 Company's financial statements as stipulated in
During 2023, the Audit Committee has carried out OJK Regulation No. 13/POJK.03/2017 concerning
its duties in accordance with the Guidelines and the Use of Public Accountant Services and
Work Rules of the Audit Committee. Public Accounting Firms in Financial Services
Activities are the Public Accounting Firm of
Implementation of the duties of the Audit Imelda and Partners (Member Firm of Deloitte
Committee throughout 2023, among others: Asia Pacific and Deloitte Global Network) and
1. Reviewing the Company's financial reports Bayu M. Dayat.
prior to submission to the Financial Services 3. Reviewing the effectiveness of internal control,
Authority, the Stock Exchange, other agencies risk reporting and implementation of risk
and the public, including the Annual Financial management and compliance with applicable
Statements for the financial year ending 31 laws and regulations.
December 2022, Financial Statements First 4. Prepare reports on the implementation of the
Quarter of 2023, Financial Statements First duties of the Audit Committee to the Board of
Semester of 2023, Financial Statements Commissioners.
Third Quarter of 2023 and Annual Financial
Statements for the financial year ending on All findings, notes and recommendations from the
December 31, 2023. results of the implementation of activities, review
2. Provide recommendations to the Board of and analysis of the Audit Committee during 2023
Commissioners regarding the appointment of have been communicated and discussed with
a Public Accountant and Public Accounting the Company's Management and Independent
Firm which the Board of Commissioners will External Auditor, and have been reported to
propose to the GMS to examine the Company's the Company's Board of Commissioners for
financial statements. Public Accountants who improvement and follow-up by the Company's
Management.
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Audit Committee Reporting
Report Designated To Date of Report
Audit Committee Report Board of Commissioners February 7, 2023
Audit Committee Report Board of Commissioners April 27, 2023
Evaluation Report on the Implementation of Directorate of Supervision of Financing June 26, 2023
the Audit Services for Financial Information for Institutions of the Financial Services
Financial Year 2022 by Public Accountants and/or Authority
Public Accounting Firms
Audit Committee Report Board of Commissioners August 8, 2023
Audit Committee Report Board of Commissioners October 31, 2023
Audit Committee Report Board of Commissioners December 18, 2023
Audit Committee Member Training
To improve the knowledge and quality of members of the Audit Committee, in 2023, members of the
Company's Audit Committee have attended trainings, including:
Name Training Organizer Title of Training
The Indonesian Association of Financing National Seminar on Micro Financing and
Manggi Taruna Habir
Companies Human Resources in the 5.0 Society Era
Overseeing the Company's Sustainability and
Jusuf Sukiman Indonesian Institute of Audit Committee
Growth through Risk Supervision and Control
Overseeing the Company's Sustainability and
Restiana Ie Tjoe Linggadjaya Indonesian Institute of Audit Committee
Growth through Risk Supervision and Control
Audit Committee Meeting
Regulations regarding the Company's Audit Committee Meeting:
• The Audit Committee will hold regular Committee Meetings at least once in 3 (three) months.
• Committee meetings can only be held if attended by more than ½ (one half) of the total members.
• Committee Meeting decisions are taken based on deliberation and consensus. In the event that
deliberation and consensus are not reached, the decision is made based on the majority vote.
• Audit Committee meetings are chaired by the Chairman of the Committee.
• If the Chairman of the Audit Committee is not present, then one member of the Audit Committee who
is attending the Meeting is appointed to chair the Audit Committee Meeting.
• The results of the Audit Committee meeting must be stated in the minutes of the meeting and properly
documented.
• Differences of opinion that occur in the Audit Committee Meeting must be clearly stated in the minutes
of the meeting along with the reasons for the difference.
During 2023, the Audit Committee held 7 (seven) meetings with the attendance rate of members of the
Audit Committee reaching 100%. This maximum level of attendance shows the high commitment of all
members of the Company's Audit Committee.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
The brief report of the Audit Committee Meetings for 2023 is as follows:
A. Audit Committee Meeting
Attendance of
Committee Members
Taruna Habir
Linggadjaya
Sukiman
Restiana
Date Agenda
Manggi
Ie Tjoe
Jusuf
January 31, 1. Update on Periodic & Standard Deck to Audit Committee. √ √ √
2023 2. Update from FY2022 Audit from External Auditor (Deloitte).
3. Update from SKAI: Audit Rating on IT ADMF (SKAI BDI).
April 18, 2023 1. Update on ADMF 1Q2023 Financial Statement √ √ √
2. Update on Accounting Policy & Tax Matter
3. Audit Achievement and Rating as of March 31, 2023
4. Head Office Audit Result
5. Highlighted Issues
6. Fraud Update
July 26, 2023 1. Audit Achievement and Rating as of June 30, 2023 √ √ √
2. Highlighted Issues
3. Fraud Updates
4. Update on ADMF 1H2023 Financial Statement
5. Update on Tax Matter
6. 1H23 Business Plan Realization to OJK
October 24, 1. Update on ADMF 3Q 2022 Financial Statement √ √ √
2023 2. Update on Tax Matter
November 3, 1. 2024 Audit Methodology Discussion √ √ √
2023 2. 2023 Audit Kick Off with Deloitte
November 1. Internal Audit Plan 2024 √ √ √
28, 2023 2. Audit Plan Progress & Rating as of October 31, 2023
3. Highlighted Issues
4. Fraud Update
December Interim & Hardclose Audit √ √ √
20, 2023
Audit Committee Meeting Plan in 2024
For 2024, the Audit Committee plans to hold 5 (five) meetings, namely on:
1. Thursday, January 25, 2024
2. Thursday, April 25, 2024
3. Thursday, July 25, 2024
4. Thursday, October 24, 2024
5. Thursday, November 21, 2024
The meeting plan is subject to change if there is a request from the majority of the members of the
Company's Audit Committee.
Audit Committee Performance Assessment
The performance appraisal of the committees under the Board of Commissioners consists of, among
others, assessment of the level of attendance at meetings, implementation of main duties/tasks and the
timeliness of submitting required reports.
Performance appraisal of the Audit Committee in 2023:
Weight x
No. Assessment Criteria Weight (%) Achievement (%)
Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
Total 100
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RISK MONITORING COMMITTEE REPORT Guidelines and Work Procedures of the
Risk Monitoring Committee
The Risk Monitoring Committee is one of The Adira Finance Risk Monitoring Committee has
the committees that assists the Board of had a Work Guidelines and Procedures since 2011
Commissioners in carrying out its supervisory and has been evaluated several times and the last
function on the Company’s performance, which revision was on July 29, 2021.
is one of the main pillars in the implementation
of Good Corporate Governance principles, as The Risk Monitoring Committee's Guidelines
stipulated in the Charter (Work Guidelines and and Work Rules have also been uploaded to the
Procedures of the Risk Monitoring Committee). Company's official website at www.adira.co.id.
Establishment of the Company's Risk Membership
Monitoring Committee In accordance with the Decision of the Board
Initially the Risk Monitoring Committee at Adira of Commissioners dated June 6, 2022, the
Finance was called the Corporate Risk Management composition of the Risk Monitoring Committee is
Committee, which was first established on August as follows:
30, 2004 based on the Resolution of the Company's Chairman : Krisna Wijaya (Independent
Board of Commissioners Meeting. Commissioner)
Member : Manggi Taruna Habir (Independent
On November 29, 2005 based on the decision of Commissioner)
the Company's Board of Commissioners Meeting, Member : Rio Erriad (Independent Party)
the Audit Committee and the Risk Management
Committee were merged into the Audit and Risk Information regarding the work experience and
Management Committee. educational history of each member of the Risk
Monitoring Committee can be seen in the Company
With the development of the Company's business Data Section - Risk Monitoring Committee Profile.
and the increasing challenges that must be
dealt with by the Risk Management Committee, Independence of the Risk Management
there is a need for a segregation of the Audit Committee
and Risk Management Committee. Therefore, To determine the independence of the members
based on these considerations, on April 28, of the Company's Risk Monitoring Committee, it
2011, the Company's Audit Committee and Risk can be observed from the data on family relations,
Management were segregated into the Audit finances, management and ownership of each
Committee and the Risk Management Committee. member of the Risk Monitoring Committee.
Furthermore, to comply with the provisions of The family and financial relationships of members
OJK Regulation No. 29/POJK.05/2020 concerning of the Risk Monitoring Committee with members
Amendments to POJK No. 30/POJK.05/2014 of the Board of Commissioners and/or members
concerning Good Corporate Governance for of the Board of Directors and shareholders of the
Financing Companies, the name of the Committee Company are as follows:
was adjusted to become the Risk Monitoring
Committee on March 30, 2021.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Family Relationship:
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Krisna Wijaya - - - - - - - - - - - -
2. Manggi - - - - - - - - - - - -
Taruna Habir
3. Rio Erriad - - - - - - - - - - - - -
Financial relationship:
Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Krisna Wijaya - - - - - - - - - - - -
2. Manggi - - - - - - - - - - - -
Taruna Habir
3. Rio Erriad - - - - - - - - - - - - -
The table below shows the relationship between the management and ownership of members of the
Company's Risk Monitoring Committee in other finance companies:
Management and Ownership
at Other Financing Companies
Description
As Members of As Members of
As Shareholders Detail Description
BOC BOD
Risk Monitoring
Yes No Yes No Yes No
Committee
Krisna Wijaya - √ - √ - √ All members of the Risk Monitoring
Committee do not have management
Manggi Taruna Habir - √ - √ - √ and ownership relationships in other
finance companies.
Rio Erriad - √ - √ - √
Term of Office of the Risk Monitoring Committee
In accordance with the Guidelines and Work Rules of the Company's Risk Monitoring Committee dated
July 29, 2021, the term of office of members of the Risk Monitoring Committee may not be longer than the
term of office of members of the Board of Commissioners and may be re-elected only for one subsequent
term of office. If the Chairman of the Committee resigns before his term of office, another Independent
Commissioner will replace him/her.
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The following is data on the tenure of members of the Risk Monitoring Committee:
Members’ Name Commencement Year Reappointment End of Term
Krisna Wijaya 2021 - Closing of the Annual GMS Fiscal year 2023
Manggi Taruna Habir 2022 - Closing of the Annual GMS Fiscal year 2023
Rio Erriad 2021 - Closing of the Annual GMS Fiscal year 2023
Duties and Responsibilities of the Risk direction in connection with investigations,
Monitoring Committee seek various related information from
The Risk Management Committee has the duties employees of the collaborating parties at the
and responsibilities to monitor and evaluate the request of the Committee.
planning and implementation of the Company's 11. Other duties, apart from those mentioned
risk management. above, which are assigned by the Board
of Commissioners to the Committee in
The Risk Management Committee is tasked with accordance with their functions and duties
providing an independent professional opinion from time to time as needed.
to the Board of Commissioners on reports or
matters submitted by the Board of Directors to Authority of the Risk Monitoring
the Board of Commissioners as well as identifying Committee
matters requiring the attention of the Board of 1. The Company's Risk Monitoring Committee is
Commissioners, which include: authorized to have full, free and unrestricted
1. Prepare an annual activity plan that is approved access to information about employees, funds,
by the Board of Commissioners. assets and other Company resources related to
2. Monitor and evaluate the conformity the implementation of their duties.
between the Company's risk management 2. In exercising its authority, the Risk Monitoring
policies and their implementation in order Committee is required to cooperate with the
to provide recommendations to the Board of Company's risk management unit and other
Commissioners. units, if necessary.
3. Monitor and evaluate the implementation of 3. Perform other authorities given by the Board of
duties of the risk management committee and Commissioners.
risk management work unit.
4. Report various risks encountered by the Implementation of Duties of the Risk
Company and the implementation of risk Monitoring Committee during 2023
management by the Board of Directors to the During 2023, the Risk Monitoring Committee
Board of Commissioners has carried out its duties in accordance with the
5. Evaluate the Company's risk management Guidelines and Work Rules of the Risk Monitoring
policies, at least once a year. Committee.
6. Evaluate the accountability for the
implementation of the Board of Directors' risk Implementation of the duties of the Risk
management policies, at least on a quarterly Monitoring Committee throughout 2023, among
basis. others:
7. Maintain the confidentiality of all Company 1. Prepare an annual activity plan that is approved
documents, data and information. by the Board of Commissioners.
8. Create, review and update the Risk Monitoring 2. Evaluate the conformity between the
Committee's Work Guidelines and Rules. Company’s risk management policies and their
9. Organize and grant authority to conduct implementation.
investigations within the scope of their duties. 3. Monitor and evaluate the implementation of
10. Collaborate with outside consultants, the Company's risk management in order to
accountants or other external parties who provide recommendations to the Board of
provide advice to the Committee or provide Commissioners.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
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4. Report various risks encountered by the Company and the implementation of risk management by the
Board of Directors to the Board of Commissioners
5. Evaluate the Company's risk management policies.
6. Evaluate the accountability for the implementation of the Board of Directors' risk management policies
on a quarterly basis.
Risk Monitoring Committee Reporting
Reports Designated to Reportin Date
Risk Monitoring Committee Report Board of Commissioners February 7, 2023
Risk Monitoring Committee Report Board of Commissioners June 15, 2023
Risk Monitoring Committee Report Board of Commissioners October 31, 2023
Risk Monitoring Committee Report Board of Commissioners December 18, 2023
Risk Monitoring Committee Member Training
To improve the knowledge and quality of members of the Risk Monitoring Committee, in 2023, members
of the Company's Risk Monitoring Committee have attended trainings, including:
Name Training Organizer Training Title
Krisna Wijaya Indonesia Financial Services Association (APPI) National Seminar New Era of Financing Industry
Indonesia Financial Services Association (APPI) Multifinance Indonesia: Welcoming the Great
Opportunities After Pandemic
Manggi Taruna Habir Indonesia Financial Services Association (APPI) National Seminar Micro Financing & Human
Capital in 5.0 Society
Rio Erriad GDOC Law Firm As Speaker in Training for Credit Analyst:
Intermediate Credit Bootcamp SME Danamon
Risk Monitoring Committee Meeting
Regulations regarding the Company's Risk Monitoring Committee Meeting:
• The Risk Monitoring Committee will hold meetings as needed or at least 4 (four) times in 1 (one) year.
• Meetings can only be held if attended by at least 50% of the total number of members including one
Independent Commissioner.
• Meeting decisions are taken based on deliberation and consensus. In the event that consensus
deliberation does not occur, the decision is made based on a majority vote.
• Committee meetings are chaired by the Chair of the Committee
• If the Committee Chair is not present, then one of the Committee members who attend the Meeting is
appointed to chair the Risk Management Committee Meeting.
• The results of the Committee Meetings must be stated in the minutes of the meeting and properly
documented.
• Differences of opinion that occur in the Meeting must be clearly stated in the minutes of the meeting
along with the reasons for the difference.
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During 2023, the Risk Monitoring Committee has held 4 (four) meetings with the attendance rate of
members of the Risk Monitoring Committee reaching 100%. This maximum level of attendance shows the
high commitment of all members of the Company's Risk Monitoring Committee.
The list of attendance at Risk Monitoring meetings during 2023 is as follows:
Attendance
of Committee
Members
Taruna Habir
Date Agenda
Rio Erriad
Manggi
Wijaya
Krisna
February 7, 1. 2022 Financial Soundness Level √ √ √
2023 2. Risk Appetite Statement
3. Update on Restructure – COVID 19
4. Regular Update – Risk
- Credit Risk and Sales
- Operational Risk
- Market & Liquidity Risk
- Legal Risk
- Reputation Risk
- Compliance Risk
5. Anti Money Laundering Update
6. IT Update
June 15, 2023 1. Acknowledgement: 2023 Guideline of Risk Management Implementation √ √ √
2. Risk Appetite Statement
3. Update on Restructure – COVID 19
4. Regular Update - Risk
- Credit Risk & Sales
- Operational Risk
- Market & Liquidity Risk
- Legal Risk
- Reputation Risk
- Compliance Risk
5. Anti Money Laundering Update
6. IT Update
September 14, 1. Approval on 2023 Risk Appetite Statement √ √ √
2023 2. Update on Restructure – COVID 19
3. Regular Update - Risk
- Credit Risk & Sales
- Operational Risk
- Market & Liquidity Risk
- Legal Risk
- Reputation Risk
- Compliance Risk
4. Anti Money Laundering Update
5. IT Update
December 18, 1. Risk Appetite Statement 2023 √ √ √
2023 2. Update on Restructure – COVID 19
3. Regular Update - Risk
- Credit Risk & Sales
- Operational Risk
- Market & Liquidity Risk
• Approval 2023/2024 Market and Liquidity Risk Limit and Framework
- Legal Risk
- Reputation Risk
- Compliance Risk
• Approval Amendment of AML, CFT and WMD Guideline
4. Anti Money Laundering Update
5. IT Update
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
All findings, notes and recommendations from the results of the implementation of activities, review
and analysis of the Risk Management Committee during 2023 have been communicated and discussed
with the Company's Management, and have been reported to the Company's Board of Commissioners for
improvement and follow-up from the Company's Management.
Risk Monitoring Committee Meeting Plan in 2024
For 2024, the Risk Monitoring Committee plans to hold 4 (four) meetings, namely on:
1. Thursday, January 25, 2024.
2. Thursday, April 25, 2024.
3. Thursday, July 25, 2024.
4. Thursday, October 24, 2024.
5. Thursday, November 21, 2024.
The meeting plan may change if there is a request from the majority of the members of the Company's
Risk Monitoring Committee.
Risk Monitoring Performance Assessment
The performance appraisal of the committees under the Board of Commissioners consists of, among
others, assessing the level of attendance at meetings, implementation of main duties and the timeliness
of submitting required reports.
Performance assessment of the Risk Monitoring Committee in 2023:
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task Implementation 40 100 40
3. Accuracy of Report Submission 40 100 40
Total 100
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NOMINATION AND REMUNERATION In accordance with the Decision of the Board
COMMITTEE of Commissioners dated February 7, 2024, the
composition of the Nomination and Remuneration
The Nomination and Remuneration Committee Committee is as follows:
consists of 4 (four) members, which are chaired by Chairman : Manggi Taruna Habir (Independent
the Company's Independent Commissioner. Commissioner)
Member : Daisuke Ejima (President
Guidelines and Work Procedures of the Commissioner)
Nomination and Remuneration Committee Member : Eng Heng Nee Philip (Commissioner)
Adira Finance's Nomination and Remuneration Member : Tri Evita Aryani (Head of Human
Committee has had Work Guidelines and Capital & General Affairs)
Procedures since 2008 and has been evaluated
several times, most recently on July 29, 2021. Information regarding the work experience
and education history of each member of the
The Nomination and Remuneration Committee Nomination and Remuneration Committee can be
Guidelines and Work Rules have also been seen in the Company Data Section - Nomination
uploaded to the Company's official website at and Remuneration Committee Profile.
www.adira.co.id.
Based on the provisions of OJK Regulation No. 29/
Membership POJK.05/2020 concerning Amendments to OJK
In accordance with the Decision of the Board Regulation No. 30/POJK.05/2014 concerning Good
of Commissioners dated October 18, 2021, the Corporate Governance for Financing Companies
composition of the Nomination and Remuneration and OJK Regulation No. 34/POJK.04/2014
Committee is as follows: concerning the Nomination and Remuneration
Chairman : Manggi Taruna Habir (Independent Committee of Issuers or Public Companies,
Commissioner) especially the provisions of Article 3 Paragraph
Member : Yasushi Itagaki (President 1 letter a, the chairman of the Nomination and
Commissioner) Remuneration Committee must be held by an
Member : Eng Heng Nee Philip (Commissioner) Independent Commissioner.
Member : Tri Evita Aryani (Head of Human
Capital & General Affairs) Independence of the Nomination and
Remuneration Committee members
In connection with the resignation of Yasushi To determine the independence of the members
Itagaki as President Commissioner of the Company of the Nomination and Remuneration Committee
at the Annual GMS held on April 4, 2023, the of the Company, it can be observed from the data
composition of the Nomination and Remuneration on family relations, finances, management and
Committee until February 6, 2024 is as follows: ownership of each member of the Nomination and
Chairman : Manggi Taruna Habir Independent Remuneration Committee.
Commissioner)
Member : Eng Heng Nee Philip (Commissioner) The family and financial relationships of members
Member : Tri Evita Aryani (Head of Human of the Nomination and Remuneration Committee
Capital & General Affairs) with members of the Board of Commissioners
and/or members of the Board of Directors and
shareholders of the Company are as follows:
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Family Relationship:
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Yasushi Itagaki
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Manggi Taruna Habir - - - - - - - - - - - - -
2. Yasushi Itagaki - - - - - - - - - - - - -
3. Daisuke Ejima - - - - - - - - - - - - -
4. Eng Heng Nee Philip - - - - - - - - - - - -
5. Tri Evita Aryani - - - - - - - - - - - - -
Financial relationship:
Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Yasushi Itagaki
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Manggi Taruna Habir - - - - - - - - - - - -
2. Yasushi Itagaki *)
- - - - - - - - - - - - √
3. Daisuke Ejima **)
- - - - - - - - - - - - √
4. Eng Heng Nee Philip - - - - - - - - - - - -
5. Tri Evita Aryani - - - - - - - - - - - - -
Information:
*) Yasushi Itagaki is the President Director of PT Bank Danamon Indonesia Tbk until March 31, 2023
**) Daisuke Ejima is the President Director of PT Bank Danamon Indonesia Tbk since April 1, 2023
The table below shows the relationship between the management and ownership of members of the
Company's Nomination and Remuneration Committee in other finance companies:
Management and Ownership
at Other Financing Companies
Description As Member Members
of Board of of Board of As Shareholders
Detail Description
Commissioners Directors
Nomination and
Remuneration Yes No Yes No Yes No
Committee
Manggi Taruna Habir - √ - √ - √ All members of the Nomination and
Remuneration Committee do not
Yasushi Itagaki - √ - √ - √ have management and ownership
relationships in other finance companies.
Daisuke Ejima - √ - √ - √
Eng Heng Nee Philip - √ - √ - √
Tri Evita Aryani - √ - √ - √
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Nomination and Remuneration Committee Term of Office
According to the existing regulation, the term of office of the committee members may not be longer than
the term of office of the members of the Board of Commissioners.
The following is data on the tenure of members of the Nomination and Remuneration Committee:
Members’ Name Commencement End of Term of Office
Manggi Taruna Habir October 18, 2021 Until the Closing of GMS for Financial Year 2023
Yasushi Itagaki August 22, 2020 Resigned at the Annual GMS on April 4, 2023
Daisuke Ejima February 7, 2024 Until the Closing of GMS for Financial Year 2023
Eng Heng Nee Philip August 22, 2020 Until the Closing of GMS for Financial Year 2023
Tri Evita Aryani August 22, 2020 Until the Closing of GMS for Financial Year 2023
Duties and Responsibilities of the Nomination (2) policies on the remuneration of
and Remuneration Committee members of the Board of Directors and/
The duties and responsibilities of the Nomination or the Board of Commissioners; and
and Remuneration Committee are as follows: (3) the amount of remuneration for
1. Regarding Nomination policy: members of the Board of Directors and/
a. Provide recommendations to the Board of or Board of Commissioners.
Commissioners regarding: b. assisting the Board of Commissioners
(1) composition of positions for members of in conducting performance appraisals
the Board of Directors and/or members in accordance with the remuneration
of the Board of Commissioners; received by each member of the Board of
(2) policies and criteria required in the Directors and/or members of the Board of
nomination process; and Commissioners.
(3) performance evaluation policies for
members of the Board of Directors Nomination and Remuneration Committee
and/or members of the Board of Member Requirements
Commissioners; 1. Have integrity and good character.
b. assisting the Board of Commissioners in 2. Have good knowledge and experience in the
assessing the performance of members of field of human resource management.
the Board of Directors and/or members of 3. Have adequate knowledge of the laws and
the Board of Commissioners based on the regulations in the field of human resources and
benchmarks that have been prepared as other related laws and regulations.
evaluation material;
c. provide recommendations to the Board The Authority of the Nomination and Remuneration
of Commissioners regarding the capacity Committee
building program for members of the Board 1. Accessing notes or information about
of Directors and/or members of the Board of employees, funds, assets and other Company
Commissioners; and resources related to the implementation of
d. provide proposals for candidates who their duties.
meet the requirements as members of 2. Calling and requesting information from
the Board of Directors and/or members of prospective members of the Board of
the Board of Commissioners to the Board Commissioners and/or prospective members
of Commissioners to be submitted to the of the Board of Directors and/or other senior
General Meeting of Shareholders (GMS). officers of the Company to be able to provide
an overview of the capabilities and eligibility
2. Regarding the Remuneration policy: of candidates for members of the Board of
a. provides recommendations to the Board of Commissioners and/or prospective members
Commissioners regarding: of the Board of Directors and/or senior officers
(1) Remuneration structure for members of of the Company.
the Board of Directors and/or Board of
Commissioners;
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
3. The right to recommend or reject the Board of 3. Provide recommendations to the Board
Commissioners and/or candidates for members of Commissioners regarding the capacity
of the Board of Directors and/or senior officers building program for members of the Board
of the Company proposed by any party. of Directors and/or members of the Board of
Commissioners.
Implementation of the Nomination and 4. Provide proposals for candidates who meet
Remuneration Committee Duties during 2023 the requirements as members of the Board of
During 2023, the Nomination and Remuneration Directors and/or Board of Commissioners to
Management Committee has carried out its the Board of Commissioners to be submitted
duties in accordance with the Nomination and to the GMS.
Remuneration Committee Guidelines and Work 5. In relation to the remuneration function,
Rules. provide recommendations to the Board of
Commissioners regarding:
The duties of the Nomination and Remuneration a. Remuneration structure;
Management Committee throughout 2023 b. Policy on remuneration; and
include: c. Amount of remuneration.
1. With regard to nomination activities, 6. Assist the Board of Commissioners in
provide recommendations to the Board of assessing performance in accordance with the
Commissioners regarding: remuneration received by each member of the
a. Composition of the positions of members Board of Directors and/or member of the Board
of the Board of Directors and/or Board of of Commissioners.
Commissioners; 7. Determine the criteria for members of the
b. Policies and criteria required in the Board of Directors, the required expertise
nomination process; and and the number of members of the Board of
c. Performance evaluation policy for members Directors.
of the Board of Directors and/or members 8. Ensure that remuneration levels are prepared
of the Board of Commissioners Direksi dan/ taking into account the financial risks, demands
atau anggota Dewan Komisaris. and requirements of each responsibility in the
2. Assist the Board of Commissioners in assessing related industry.
the performance of members of the Board 9. Recommend remuneration packages for the
of Directors and/or members of the Board of Board of Directors in the form of incentive
Commissioners based on the benchmarks that programs, such as the Company's bonus
have been prepared as evaluation material. distribution scheme.
10. Manage and monitor adequate remuneration
policies and programs.
Nomination and Remuneration Committee Reporting
Report Designated Reporting Date
Nomination and Remuneration Board of Commissioners February 7, 2023
Committee Report
Nomination and Remuneration Committee Member Training
To improve the knowledge and quality of the members of the Nomination and Remuneration Committee,
in 2023, members of the Company's Audit Committee have attended trainings, including:
Name Title of Training Training Organizers
Manggi Taruna Habir National Seminar Micro Financing & Indonesia Financial Services Association
Human Capital in 5.0 Society Era
Eng Heng Nee Philip Seminar International: The Future of Indonesia Financial Services Association
Digitalization in Multifinance Industry
Tri Evita Aryani - -
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Nomination and Remuneration Committee Meeting
During 2023, the Nomination and Remuneration Committee held 3 (three) meetings with an attendance
rate of 100%. This maximum level of attendance shows the high commitment of all members of the
Company's Nomination and Remuneration Committee. At the meeting, the Committee evaluates and
reviews the nomination of candidates for members of the Board of Commissioners and/or the Board of
Directors, the remuneration system for the Board of Commissioners and the Board of Directors, as well
as compliance with the remuneration budget for the Board of Commissioners and the Board of Directors
that has been approved at the Annual GMS.
The list of attendees for the Nomination and Remuneration Committee meetings during 2023 is as follows:
Attendance of Committee Members
Nee Philip
Eng Heng
Manggi T.
Itagaki *)
Tri Evita
Yasushi
Aryani
Date Agenda
Habir
February 19, 2023 Bonus 2022 & Salary Increase 2023 √ √ √ √
July 6, 2023 BOC Nomination & Payment Proposal LTI √ √ √
September 26, 2023 BOC Nomination √ √ √
Remarks:
*) Yasushi Itagaki submitted his resignation in Annual GMS on April 4, 2023
All reports and recommendations from the results of the implementation of activities, the review and
analysis of the Nomination and Remuneration Committee during 2023 have been communicated
and discussed with the Company's Management and have been reported to the Company's Board of
Commissioners for follow-up from the Company's Management.
Nomination and Remuneration Committee Meeting Plan in 2024
For 2024, the Nomination and Remuneration Committee plans to hold 2 (two) meetings, namely on:
1. Tuesday, February 27, 2024:
2. Tuesday, March 5, 2024.
The meeting plan is subject to change if there is a request from the majority of the members of the
Company's Nomination and Remuneration Committee.
Nomination and Remuneration Performance Assessment
The performance appraisal of the committees under the Board of Commissioners consists of, among
others, assessing the level of attendance at meetings, implementation of main duties/tasks and the
timeliness of submitting required reports.
Performance appraisal of the Nomination and Remuneration Committee in 2023:
No. Assessment Criteria Weight (%) Achievement (%) Weight x Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
Total 100
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
CORPORATE GOVERNANCE COMMITTEE office of Committee members appointed between
The Corporate Governance Committee is chaired the terms of office of the Board of Commissioners
by Independent Commissioner and consisted of 1 will end at the same time as the end of the term of
(one) member from independent party. office of the Board of Commissioners.
Membership Independence of members of the
Until the publication of this Annual Report, Corporate Governance Committee
the membership of the Corporate Governance All committee members have met all
Committee is as follows: independence criteria and are able to carry out
Chairman : Krisna Wijaya (Independent their duties and responsibilities independently,
Commissioner) uphold the interests of the Company and cannot
Member : Diyah Sasanti (Independent Party) be influenced by any party.
Information regarding concurent positions, To determine the independence of the members
work experience and educational history of each of the Corporate Governance Committee, it can be
member of the Corporate Governance Committee seen from the data on family relations, finances,
can be found in the Company Data Section - management and ownership of each member of
Corporate Governance Committee Profile. the Corporate Governance Committee.
Period and Terms of Office The family and financial relationships of members
The period and term of office of the committee of the Corporate Governance Committee with
members shall not exceed the term of office of the members of the Board of Commissioners and/
Board of Commissioners and may be re-elected or members of the Board of Directors and
only for 1 (one) subsequent period. The term of shareholders of the Company are as follows:
Family Relationship
Family Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Krisna Wijaya - - - - - - - - - - - -
2. Diyah Sasanti - - - - - - - - - - - - -
Financial Relationship
Financial Relationship with
Controlling
Board of Commissioners Board of Directors
Shareholders
Niko Kurniawan
Bonggowarsito
Manggi Taruna
Eng Heng Nee
Daisuke Ejima
Indonesia Tbk
Krisna Wijaya
I Dewa Made
No. Name
Hafid Hadeli
Swandajani
Jin Yoshida
Denny Riza
Harry Latif
Danamon
Congcar
PT Bank
Congsin
Gunadi
Susila
Philip
Habir
Farib
1. Krisna Wijaya - - - - - - - - - - - -
2. Diyah Sasanti - - - - - - - - - - - - -
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The table below shows the management and ownership relationship between members of the Corporate
Governance Committee in other finance companies:
Management and Ownership
at Other Financing Companies
Description
As Member of As Member of
As Shareholders
BoC BoD Detail
Corporate
Governance Yes No Yes No Yes No
Committee
Krisna Wijaya - √ - √ - √ All members of the Corporate Governance
Committee do not have management and
ownership relationships in other finance
Diyah Sasanti - √ - √ - √ companies
Statement of Guidelines/Charter Authority of the Corporate Governance
In carrying out its duties and responsibilities, the Committee
Corporate Governance Committee refers to the 1. Accessing records or information about
Code of Conduct. The guidelines are periodically employees, funds, assets and other Company
reviewed and updated to be in accordance with resources related to the implementation of
applicable regulations and the needs of the their duties.
Company. 2. Communicate directly with employees,
including the Board of Directors and employees
Duties and Responsibilities of the Company regarding the duties and
The duties and responsibilities of the Corporate responsibilities of the Corporate Governance
Governance Committee are as follows: Committee.
a. Reviewing, evaluating and recommending
the framework and policies as well as the Implementation of the Duties of the
completeness of Adira Finance's Corporate Corporate Governance Committee
Governance; during 2023
b. Monitor the implementation of Good Corporate During 2023, the Corporate Governance Committee
Governance principles in all Adira Finance has carried out its duties in accordance with
business activities at all levels; the Guidelines and Work Rules of the Corporate
c. Reviewing, evaluating and recommending Governance Committee.
programs/activities related to Adira Finance's
responsibilities to stakeholders; and Implementation of the duties of the Corporate
d. Carry out other duties assigned by the Board Governance Committee throughout 2023, among
of Commissioners related to the development others:
and implementation of Good Corporate 1. Review, evaluate and recommend the
Governance. framework, policies, guideline as well as the
completeness of Adira Finance's Corporate
Corporate Governance Committee Governance;
Member Requirements 2. Monitor the implementation of Good Corporate
1. Have integrity and good character. Governance principles in all Adira Finance
2. Have good knowledge and experience in business activities at all levels;
Corporate Governance. 3. Review, evaluate and recommend programs/
3. Have adequate knowledge of the laws and activities related to Adira Finance's
regulations in the field of Labor and other responsibilities to stakeholders; and
related laws and regulations. 4. In the context of implementing Integrated
Governance, the Chairman of the Corporate
Governance Committee has become a
member of the Danamon Group's Integrated
Governance Committee.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Corporate Governance Committee Reporting
Reporting on Designated To Date of Reporting
Implementation Report Of Good Corporate Governance In 2022 Financial Services April 28, 2023
Authority
Adira Finance Governance Update Bank Danamon’s • February 07, 2023
• Good Corporate Governance Annual Self Assessment Integrated • August 08, 2023
• Impact Assessment Of Regulation Issuance To Company’s Activity Governance
• Financial Soundness Level Committee
• Monitoring Compliance Parameter
• Audit Plan & Realization
Corporate Governance Committee Member Training
To improve the knowledge and quality of members of the Corporate Governance Committee, in 2023,
members of the Corporate Governance Committee have attended trainings, including:
Name Training Organizers Title of Training
Krisna Wijaya Indonesia Financial Services National Seminar “New Era of Financing Industry”
Association
Indonesia Financial Services Seminar International Multifinance Indonesia Welcoming the
Association Great Opportunities After Pandemic
Diyah Sasanti Indonesian Advocate Association Program Partner Meeting of Capacity Building for Defense Bar
and Australia Indonesia Partnership for Justice
Corporate Governance Committee Meeting
During 2023, the Corporate Governance Committee held 2 (two) meetings with 100% attendance. This
maximum level of attendance shows the high commitment of all members of the Corporate Governance
Committee.
The list of attendees for the meeting of the Corporate Governance Committee for 2023 is as follows:
Attendance
of Committee
Members
Date Agenda
Sasanti
Wijaya
Krisna
Diyah
February 6, • Good Corporate Governance Self-Assessment √ √
2023 • Regulatory Risk
• Regulatory Issues
• Update on Risk Management
• Update on Integrated Internal Audit
August 1, 2023 • Good Corporate Governance Self-Assessment √ √
• Regulatory Risk
• Regulatory Issues
• Update on Risk Management
• Update on Integrated Internal Audit
All reports and recommendations from the results of the implementation of activities, review and analysis
of the Corporate Governance Committee during 2023 have been communicated and discussed with the
Company's Management and have been reported to the Company's Board of Commissioners for follow-up
by the Company's Management.
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Corporate Governance Committee Meeting Plan in 2024
For 2024, the Corporate Governance Committee plans to hold 2 (two) meetings, namely on:
1. Tuesday, February 6, 2024.
2. Thursday, August 8, 2024.
The meeting plan is subject to change if there is a request from the majority of the members of the
Corporate Governance Committee.
Performance Appraisal of the Corporate Governance Committee
The performance appraisal of the committees under the Board of Commissioners consists of, among
others, assessing the level of attendance at meetings, implementation of main duties/tasks and the
timeliness of submitting required reports.
Performance appraisal of the Corporate Governance Committee in 2023:
Weight x
No. Assessment Crieria Weight (%) Achievement (%)
Achievement (%)
1. Meeting attendance rate 20 100 20
2. Task execution 40 100 40
3. Report submission accuracy 40 100 40
TOTAL 100
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
CORPORATE SECRETARY c. The convention and documentation of
the GMS, including the preparation of
organizing process (reporting of GMS plans,
announcements, summons and submitting
the results of the GMS), the preparation of
the GMS (including the Annual Report of
the Company) and convention of GMS;
d. Implementation and documentation of
meetings of the Board of Directors and/or
Board of Commissioners; and
e. Implementation of the Company induction
program for new members of the Board of
Directors and/or Board of Commissioners
and Committees under the Board of
Perry Barman Slangor Commissioners.
Corporate Secretary 4. Provide services to stakeholders for any
information regarding the Company’s
In the organizational structure of the Company, condition.
the Corporate Secretary is directly responsible to 5. As a liaison between the Company and the
the President Director, and has the primary duty of Company’s shareholders, regulators (Financial
managing relationships with investors, the public, Services Authority, IDX, and others), other
internal parties and managing Company data. stakeholders, and the public.
6. Monitoring and providing feedbacks on the
The provisions that serve as the guidelines for Company’s compliance with prevailing rules
Adira Finance’s Corporate Secretary: and regulations related to the Company’s
• OJK Regulation No. 35/POJK.04/2014 on business activities.
Corporate Secretary of Issuers or Public 7. Preparing a special list on the Board of
Companies Directors, Board of Commissioners and their
• Other regulations related to the Company, families, both within the Company’s Affiliated
including regulations on Limited Liability Company, which includes, among others, share
Companies, Capital Markets, Financial Services ownership, business relationship and other
Institutions. data that may provide information on the risk
of conflict of interest with the Company.
The duties of the Corporate Secretary include the 8. Creating and/or maintaining a list of
following: shareholders including share ownership of 5%
1. Keeping up with the development of the capital or more of the Company’s total shares.
market, particularly regulations applicable in 9. Maintaining and establishing intensive
the field of capital markets and disseminating communication with investors. In 2023, the
it to the Board of Commissioners, Board of Corporate Secretary conducted 15 (fiveteen)
Directors, and the stakeholders of the Company. meetings with investors or analysts.
2. Provide inputs to the Board of Directors and
Board of Commissioners of the Company to
comply with the requirements of the rules and
regulations in the capital market.
3. Assist the Board of Directors and Board of
Commissioners in corporate governance
implementation, which includes:
a. Transparency of information to the public;
b. Timely report submission to the regulator;
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The following are requirements for the Corporate Secretary:
1. Capable of conducting legal actions;
2. Having knowledge and understanding in law, finance, and corporate governance;
3. Understanding the Company’s business activities;
4. Having good communication skill; and
5. Domiciled in Indonesia.
The Corporate Secretary is appointed or dismissed based on the decision of the Board of Directors, directly
responsible to the President Director and must prepare periodic reports at least 1 (one) time per year.
Since October 15, 2017 until the issuance of this Annual Report, Perry Barman Slangor serves as the
Corporate Secteray of Adira Finance.
Details of work experience and education of the Corporate Secretary are presented in the Corporate Data
section – Profile of Corporate Secretary.
Organizational Structure of Corporate Secretary:
Chief Executive Officer
Head of Corporate Secretary,
Investor Relations & Funding
Head of Corporate Secretary Regulatory
Head of Investor Head of Corporate
Relations & Research Secretary
Head of Investor Investor Relations Corporate Secretary Corporate Secretary
Relations Report Research Officer Administration Officer
Activities organized by the Corporate Secretary during 2023:
1. Implementation of the Annual GMS on April 4, 2023.
2. Implementation of the Annual Public Expose on April 4, 2024.
3. Implementation of analyst and/or investor meeting, in which the Corporate Secretary held 15 times in
2023.
4. Maintaining communications with the Ministry of Finance, Financial Services Authority, Bank Indonesia,
Indonesia Stock Exchange, Indonesia Central Securities Depository, Securities Administration Bureau
and other institutions.
5. Attending meetings of the Board of Commissioners and the Board of Directors and preparing the
minutes of the meetings.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
INTERNAL AUDIT - Allocate resources, set frequencies, select
subjects, determine scope of work, and
The Charter of the Internal Audit Unit (IAU) of the apply the techniques needed to achieve the
Company regulates, among others: audit objectives.
• Structure, position & independence of the IAU, - To obtain the necessary personnel
to enable IAU carry out its duties independently assistance, to conduct audit as well for
and objectively. other specialialized services, from within or
• The IAU’s vision is to conduct the best outside the organization.
internal audit function, in accordance to the - Obtaining information related to:
International Best Practices, and to be a trusted o Important changes to the Company’s
advisor by proactively provides strategic advice structure, core system structure, and
and value added services to the Company accounting system.
and by ensuring that the implementation o Incidents related to non-compliance
of governance principles is aligned with the with applicable laws and regulations.
company’s strategy and policies. • The duties and responsibilities of the IAU
• IAU’s mission is to provide an independent, include:
objective assurance and act as a business - Develop a flexible annual audit plan, budget
partner that provides added value and improve and resources needed using an appropriate
the Company’s operations by bringing a risk-based audit methodology, including
systematic approach to evaluate and increase any risks or control concerns identified by
effectiveness of risk management, control and the Management, and annually submit the
governance processes. audit plan to the President Director and the
• The purpose of establishing the IAU is to be Board of Commissioners through the Audit
able to: Committee for review and approval;
- Identify and evaluate significant risk and - Implement the approved annual audit plan;
contribute in managing risk and internal - To test and evaluate the implementation
control system; of internal control and risk management
- Maintain an effective internal control; system according to the Company policy;
- Provide an independent overview to Board - Maintain adequate numbers of audit staff
of Commissioners via Audit Committee and with sufficient knowledge, skills, experience
Management regarding the sufficiency of and professional certification to meet the
internal control and to evaluate compliance requirements of Audit Charter;
to policies and procedures; and - Review Internal audit policies/procedures/
- Provide consulting services to add value manual to ensure compliance with
and improve the Company’s operational applicable rules and regulations including
performance. International Standards for the Professional
• Accountability of the IAU, in which the IAU is Practices of Internal Auditing from the
structurally responsible for all of its activities Institute of Internal Auditors (IPPF/IIA), and
to the President Director and functionally Indonesia Financial Services Authority (OJK)
responsible to the Board of Commissioners regulations; and
through the Audit Committee.
• The scope of the IAU covers all entities in
PT Adira Dinamika Multi Finance Tbk.
• The authority of the IAU includes:
- Have unrestricted access to all Company’s
functions, activities, records, property and
personnel that are relevant to its assignment
and functions.
- Communicate directly with, including hold
regular or ad hoc meetings, the Board
of Directors, the Board of Commisioners,
Audite Commitee, as well as Syariah
Supervisory Board (SSB)
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- Prepare report of Audit results, and report • Regarding the relationship between the IAU
of follow up actions on the audit findings, and External Parties:
and submit the reports to the President - Working relations between IAU and
Director, related Directors and Compliance external auditors must be acknowledged
Director. and approved in advance by the Audit
• The IAU Code of Ethics that must be adhered to Committee.
and implemented by the Head and all members - Working relations between the IAU and
of the IAU. The code of conduct covers integrity, other external parties must be known and
objectivity, confidentiality, and competence. approved by the President Director and
• Requirements to become a member of the IAU, must take into account the input/opinion
namely: from competent and relevant internal
- Have integrity and professional behaviors, parties.
independent, honest and objective in the - The IAU should ensure independency of
execution of its duties; external party in providing services for the
- Possess knowledge and experience on audit IAU.
techniques, risk management, internal - Working relationship between IAU and
control systems and other disciplines external party refers to prevailing laws and
relevant to their field of duty; regulations, including restriction on the use
- Have knowledge about the laws and of services and cooling-off period.
regulations in leasing, capital markets and • Internal Audit Implementation Standards.
other relevant laws and regulations; In carrying out its duties, the IAU will meet
- Have the ability to effectively interact and or exceed the standards as outlined in the
communicate both orally or in written form; Standards for the Professional Practice of
- Comply with the professional standards Internal Auditing from the Institute of Internal
issued by the Institute of Internal Auditors. Auditors.
- Must comply with the internal audit code of
ethics; The main person in charge of the Company's
- Must maintain the confidentiality of Internal Audit is the President Director, assisted by
company information and/or data, unless the IAU in the implementation of its tasks.
required by law or court decision or
determination. The appointment of the Head of the Company’s
- Have a thorough understanding of the IAU has been carried out in accordance with the
principles of good corporate governance provisions of OJK Regulation No. 56/POJK.04/2015
and risk management; on the Establishment and Preparation of the
- Willing to continuously improve knowledge, Internal Audit Unit Charter and the Guidelines for
skills, professional capability and the the Company’s Internal Audit Work Unit, in which
effectiveness and quality of their service; the Head of the Company’s IAU was appointed
- Has loyalty to the Company and should not by the President Director on July 11, 2018 after
consciously be involved in activities, which being approved by the Company’s Board of
deviate or against the law; and Commissioners on July 11, 2018 and reported to
- Not concurrently hold duties and position OJK on July 11, 2018. Currently, the Head of the
with other duties and/or positions related to Company’s Internal Audit Division is Haryadwi
the Company’s operational activities either Saputra Kartawidjaja.
in the Company and in its subsidiaries (if
any).
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Head of the Internal Audit Unit Profile
Haryadwi Saputra Kartawidjaja
Head of the Internal Audit Unit
Citizenship Indonesian
Date of Birth Malang, November 5, 1979
Domicile Jakarta
Education Bachelor degree in Accounting & Finance from Wrights State University in 2002
Work Experience • PT Adira Dinamika Multi Finance Tbk as Head of the Internal Audit Unit
• Citibank NA as Vice President of the Internal Audit Division
• PT Bank ANZ Indonesia as Vice President of the Internal Audit Division
• PT Bank Danamon as Assistant Vice President of the Internal Audit Division
• HSBC as Assistant Manager of the Internal Audit Division
• KPMG as Senior Auditor
Trainings • Anti-Fraud Socialization – OJK
• Implementation of Risk Management for Non-Bank Financial Institutions
• Legal and practical pitfalls in internal audit that was organized by KPMG Indonesia
• Writing Audit Report that was organized by Citibank in Singapore
• Introduction to Banking Crimes with Information Technology
• Anti-Money Laundering, Bribery, and Corruption
• Information and Cyber Security
• Managerial – To be a Leader at Citi
• Global Audit Transformation
• Asia Pacific Board Leadership Centre Webinar “2022 Board and Audit Committee Priorities”
• Agile Culture
• Forum to strengthen Internal Audit function of Non-Bank Financial Institutions – OJK.
• Prevention and Detection of Fraud in Financial Reports: Perspectives of Management, Auditors,
Regulators and Legal Practitioners
Certification Basic Certification of Managerial Financing by the Indonesian Financing Professional Certification
Agency (SPPI)
In performing its duties, the Internal Audit Division The scope of audit activities includes, but not
carries out various activities such as operational limited to, comprehensive evaluations ranging
audits of branches, regions/areas, head office, and from validation of cooperation agreements with
other functionalities. The main purpose of these dealers, credit applications, credit approvals,
activities is to ensure that the risk management assurance management, billing process, recovery
practices have been conducted in accordance with of non-performing loans and remarketing process,
the Company’s written policies and procedures to financing and accounting processes, including
as well as external regulations. The Internal Audit documentation systems.
Division also assists to refine and strengthen
controls and provides consulting services to add
value and improve organizational operations.
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Structure and Position of IAU
The following is the organizational structure of the IAU:
President Director
Audit Committee
I Dewa Made Susila
Head of Internal Audit Unit
Haryadwi Saputra Kartawidjaja
General Audit Dept
General Audit Dept General Audit Dept General Audit Dept Business & Support Quality Assurance & Audit Investigation Dept
Head 4 IT Audit Dept Head
Head 1 Head 2 Head 3 Audit Dept Head Development Dept Head Head
Herryanto Cahyo Andy William
Tongam Tovendi Sihite Erik Oktario Rahmat Rilly Asril Handy Junaidy Dani Rachman Tutuk Andiartika
Kartiko
General Audit Section Business & Support
General Audit Section General Audit Section General Audit Section IT Audit Section Information Management & Investigation Section
Head 3 Audit Section Head 1
Head 1 Head 2 Head 4 Head Audit Admin Section Head Head
Pangeran Pengkuh Deni Efendi
Adrian Sucahyo Najibatul Labibah Imron Rosadi - Rita Yulianti Edy Witarso
Kalbuadi Mauilate S.
Business & Support Quality Assurance & Audit Investigation Analytic
Audit Section Head 2 Development Section Head Section Head
Dimas Adi Oetama Cahya Priyadi Etrilina Butar Butar
Number of IAU auditors and Competency Development of IAU
Currently, the Company's Internal Audit Unit is supported by 57 auditors with the following composition:
Position Total (Persons)
Head of Division 1
Manager 8
Supervisor 10
Auditor 25
Quality Assurance & MIS 5
Fraud Investigator 8
Total 57
The human resources development program at Adira Finance’s Internal Audit Unit is conducted in
accordance with the Company’s needs and carried out on an ongoing basis. Human resources development
of the Internal Audit Unit is implemented by requiring each auditor to participate in regular training both
held internally by the Company and by external parties.
The following is Internal Audit’s work plan and realization in 2023:
A. Plan and Realization
Based on the 2023 work plan, 168 audit activities covering head office, branches, regions, warehouses,
and other functionalities have been planned.
The realization of internal audit totalled 169 audit assignments.
Position Plan Realization
Head Office 8 9
Branch Office 128 130
Region/area/warehouse 32 30
Total internal audit assignments 168 169
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Each audit report is submitted to the Company’s Scope of assessment:
Management and the audited party is provided PwC evaluates the main functions of Internal Audit
with an action plan of improvement, including as follows:
sanctions/penalties if necessary. The progress 1. Objective, Authority, and Responsibilities
of such action would be reported by the audited 2. Independence and Objectivity
party to the Internal Audit Division every month 3. Professional Proficiency and Accuracy
to ensure that each party audited would always 4. Quality Assurance and Improvement Program
attempt to make improvements or development. 5. Management of Internal Audit Activities
In addition to submitting the audit results to the 6. Basic Characteristic of the Job
President Director, the report is also submitted to 7. Assignment Plan
the Audit Committee of the Company. 8. Assignment Implementation
9. Communication of Assignment Result
Audit Plan in 2023 10. Monitoring of Audit Findings and
In 2023, the Internal Audit Unit has made a work Recommendations
plan with a focus on: 11. Management of Acceptance of Risk by Business
- updating of internal audit investigation
methods and programs. Summary of Procedures implemented:
- development of internal audit human resource. • Assessing the implementation of audit carried
- examination of units for which the results of out by the Internal Audit Unit by examining the
previous examinations are unsatisfactory or audit charter, annual audit plan, Internal Audit
contain high risk. procedures and sampling the documentation
of the implementation of audit assignments
To realize this work plan, the Internal Audit Unit in the Audit Management System, namely
will continue to improve the quality of human TeamMate.
resources and the infrastructure to support the • Conducting sampling interviews with the
duties of the Internal Audit Unit. Board of Directors to obtain the perspective of
the Board of Directors on the performance and
Review by Independent Parties expectations of the Internal Audit Unit.
To ensure that the Company’s Internal Audit Unit • Conducting an assessment of the conformity of
has been working in accordance with the applicable the audit carried out by the Internal Audit Unit
standards, in 2021, the Company appointed the with the applicable IIA standards.
Public Accounting Firm PricewaterhouseCoopers
(PwC) to perform independent audit on the Assessment Result:
performance of Internal Audit Unit. The policies, procedures, and the Internal Audit
Unit of Adira Finance are categorized as “Generally
The following is the objectives of the assessment: Conforms” to the 11 Standards of IIA.
To assess the effectiveness of the execution of
duties of the Company’s Internal Audit Unit under Policy and Implementation of Meeting
the International Professional Practices Framework Frequency with the Board of Directors,
(“IPPF”) standards as regulated in the standards Board of Commissioners, and/or Audit
of Institute of Internal Auditor (“IIA Standards”), Committee
which has been effective since January 1, 2017. The The Internal Audit Unit periodically holds
assessment covers a one-year period from July meetings with the Board of Directors, Board of
2020-June 2021. Commissioners, and/or the Audit Committee.
As stated in the IAU Charter, Adira Finance's
Internal Audit Unit has full and free access to hold
meetings both periodically and incidentally with
the Board of Directors, Board of Commissioners,
Audit Committee and Sharia Supervisory Board.
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During 2023, the Internal Audit Unit held a total of 4 meetings. The agenda for discussion at the meeting
includes:
No. Date Agenda
1 January 31, 2023 1. Audit Achievement and Rating as of December 31, 2022.
2. IT Audit Result.
3. Highlighted Issues.
4. Summary of Internal Quality Assurance Review Results.
5. Fraud Cases Update.
2 April 18, 2023 1. Audit Achievement and Rating as of March 31, 2023.
2. Head Office Update Results.
3. Highlighted Issues.
4. Fraud Cases Update.
3 Juli 26, 2023 1. Audit Achievement and Rating as of June 30, 2023.
2. Highlighted Issues.
3. Fraud Cases Update.
4 November 28, 2023 1. Internal Audit Plan 2024
2. Audit Plan Progress and Rating as of October 31, 2023.
3. Highlighted Issues.
4. Fraud Cases Update.
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COMPLIANCE FUNCTION
The compliance function is a series of preventive actions or steps to ensure that the business activities
carried out by the Company are in accordance with the prevailing laws and regulations..
Compliance Director Profile
I Dewa Made Susila
Compliance Director
Compliance Director is concurrently President Director. Profile of President Director can be seen in the
section of Board of Directors' profile.
Compliance Unit Structure
President Director
Head of Compliance
and AML Unit
Reporting & Regulatory Head of Compliance Head of Anti Money
Compliance Monitoring & Advisory Laundry
Regulatory Customer Compliance AML
Compliance Protection Officers Officer
Main duties of the Compliance Unit:
• Serve as the Company’s resources for regulations related to Financing Company, Good Corporate
Governance, and the implementation of Good Corporate Governance;
• Provide socialization to internal parties in the Company regarding regulations related to Financing
Company;
• Perform compliance monitoring to align with the regulation related to Financing Company;
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• Serve as advisory function to comply with the 2. Arranging/implementing training supported
regulation related to Financing Company; by Corporate University to internal parties
• Deliver monitoring result and provide an input within the Company, among others through
to Management on the implementation of e-learning, which until the end of December
regulations that affect to the Company; 2023 has been attended by approximately
• Conduct a review (compliance test) and/or 29,852 participants;
recommend updating and improving the 3. Perform compliance monitoring to the
Company's policies, regulations/rules, systems Company in order to align with the applied
and procedures to the Comply with the regulation;
prevailing laws and regulations; 4. Evaluate the Company’s policies in accordance
• Representing the Company as a liaison officer, with compliance;
especially in relations with external parties/ 5. Conduct compliance tests on development
regulators; plans for business activities and products and/
• Prepare the report that required to be or services to ensure compliance with the
submitted by Compliance Unit to Management, applicable laws and regulations;
Shareholder, and Regulator; 6. Conduct communication and coordination
• Monitor and ensure the fulfillment of with Regulator;
commitments to Regulator correctly and 7. Submit periodic reports on the condition of
timely. the Company’s compliance to Management,
the Compliance Unit of PT Bank Danamon
Compliance Unit activities throughout 2023 Indonesia Tbk (related to Integrated
include: Compliance) and the Company’s Risk
1. Organizing socialization related to the laws and Monitoring Committee;
regulations related to the Company’s activities, 8. Prepare and submit annual business plan
which throughout 2023, the Compliance and realization report, financial literation
Unit has organized socialization of 13 new and inclusion plan and realization report, self
regulations to the Company’s Management; assessment report of the implementation on
consumer protection, and incidental report to
Regulator.
Compliance Indicators as of December 2023:
Parameter Requirement Compliance
Financing Receivables Min 40% Comply
Gearing Ratio Max 10x Comply
Equity Ratio Min 50% Comply
Capital Min 10% Comply
Outstanding productive financing ratio Min 10% Comply
Non Performing Finance Max 5% Comply
Maximum Limit of Related Parties Max 50% of company Comply
Financing equity
Non Related Parties (Individu) Max 20% of company Comply
equity
Financing to Non Related Parties (Group) Max 50% of company Comply
equity
Direct Capital Participation Entities in 1 group max. Comply
10% of equity
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ANTI-MONEY LAUNDERING, COUNTER- 3. Ensure the existence of a system that can
TERRORISM FINANCING, AND COUNTER identify, analyze, monitor and provide reports
FINANCING FOR PROLIFERATION OF effectively on the profile, characteristics, or
WEAPONS OF MASS DESTRUCTION habits of transaction patterns carried out by
(AML, CTF, AND CFPWMD) the Customer;
As a financial services company, the Company 4. Ensure that the policies and procedures
has implemented anti-money laundering, counter developed as referred to in letter b are in
terrorism financing, and counter financing for accordance with changes and developments
proliferation of weapons of mass destruction which include, among others, products,
in accordance with the laws and regulations, services, and technology in the financial
especially OJK Regulation No. 8 of 2023 concerning services sector, the activities and complexity
the Implementation of Anti-Money Laundering, of the Company's business, the volume of the
Prevention of Terrorism Financing, and Prevention Company's transactions, and the mode of
of Financing for Poliferation of Weapons of Mass Money Laundering, Terrorism Financing and/or
Destruction Programs in Financial Services Sector FPWMD;
and OJK Circular Letter No. 37/SEOJK.05/2017 5. Ensure that the forms relating to the Customer
concerning Guidelines for the Implementation have accommodated the data required in the
of Anti-Money Laundering and Prevention of implementation of the AML, CTF and CFPWMD
Terrorism Financing Programs in the Non-Bank program;
Financial Industry Sector. 6. Monitor customer accounts and execution of
customer transactions;
As the basis for implementing the AML, CTF, and 7. Evaluate the results of monitoring and analysis
CPWMD program at Adira Finance, the Company of Customer transactions to ensure whether or
has a Guidelines for the Implementation of the AML, not there are Suspicious Financial Transactions,
CTF, and CPWMD Program which was last revised Cash Financial Transactions and/or financial
on December 14, 2023. This revised Guideline has transactions of fund transfers from and to
also been reported to OJK on December 14, 2023 overseas;
in accordance with the provisions of Article 74 8. Administer the results of monitoring and
Paragraph 1 letter c and prevailing laws particularly evaluation;
OJK Regulation No. 8 of 2023. 9. Ensuring the updating of customer data and
profiles as well as customer transaction data
In order to implement the AML, CTF, and CFPWMD and profiles;
program at Adira Finance, the Company's Board 10. Ensuring that business activities that have
of Directors in accordance with the Decree of the a high risk of money laundering, terrorism
Board of Directors No. 005/ADMF/BOD/IX/21 dated financing and/or CPFWMD are effectively
September 24, 2021 has appointed the Head of the identified in accordance with the Company's
Company's Compliance Unit as the Special Officer policies and procedures as well as the OJK
for the Implementation of the AML-CTF Program. Regulations relating to the AML, CTF and
CFPWMD programs;
The Special Officer for the Implementation of the 11. Ensure that there is a good communication
AML-CTF Program has the following duties: mechanism from each related work unit to the
1. Analyze the risk assessment of Money special work unit or officials responsible for the
Laundering, Terrorism Financing and/or implementation of the AML, CTF and CFPWMD
CFPWMD related to its Customers, countries programs by maintaining the confidentiality
or geographical areas, products, services, of information and paying attention to anti-
transactions or delivery channels, periodically tipping-off provisions;
as much as 1 (one) time in 1 (one) year; 12. Supervise the implementation of the AML, CTF
2. Develop, update, and propose policies and and CFPWMD programs for related work units;
procedures for implementing the AML, CTF,
and CFPWMD programs that have been
prepared to manage and mitigate risks based
on risk assessments for consideration and
approval from the Board of Directors;
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13. Ensure the identification of high-risk areas • training and socialization through e-learning for
related to the implementation of the AML, Person in Charge for AML, CTF, and CFPWMD
CTF, and CFPWMD programs by referring to Program Implementation at the working unit;
the provisions of laws and regulations and • compilation and submission of Report on
adequate sources of information; Customer Data Rectification Plan to OJK;
14. Receive, analyze and compile reports on • preparation and submission of Report on the
Suspicious Financial Transactions and/or Realization of Customer Data Rectification
Cash Financial Transactions submitted by the Program to OJK;
relevant work unit; • analysis and reporting of Suspicious Financial
15. Prepare reports on Suspicious Financial Transaction Reports (“LTKM”) to INTRAC as
Transactions and/or Cash Financial Transactions many as 24 (twenty-four) reports consisting of
and/or financial transactions on transfers of transactions allegedly related to criminal acts
funds to and from overseas; and of corruption, embezzlement and narcotics as
16. Regularly monitor and ensure that follow-up well as 13 (thirteen) Cash Financial Statements
actions on List of Suspected Terrorists and through the goAML application managed by
Terrorist Organizations and List of Financing INTRAC;
for the Proliferation of Weapons of Mass • quarterly new customer reporting to
Destruction are in accordance with laws and INTRAC through the Integrated Service User
regulations regarding the prevention and Information System (“SIPESAT”) application;
eradication of Criminal Acts of Terrorism • submit other reports related to the
Financing and regulations regarding the implementation of the AML-CTF program to
prevention and eradication of FPWMD. both INTRAC and OJK.
During 2023, in the context of implementing the In addition, the Company has also invited its
AML, CTF, and CFPWMD Program, the Company employees to participate in trainings and seminars
has carried out: held by the Association of Indonesian Financing
• evaluation of the Guidelines for the Companies (APPI), OJK and other parties. This is
Implementation of the AML, CTF, and CFPWMD intended so that the implementation of policies
Program against the Policy and Guidelines for to prevent money laundering practices in the
the Implementation of the Implementation of Company always follows the standards and
PMN to see the conformity with the provisions regulations that apply in Indonesia.
of the prevailing laws and regulations;
• compilation and submission of Risk Level In 2023, INTRAC initiated the establishment of
Assessment Report for Money Laundering/ Collaborative Analysis Team (CAT) and appointed
Terrorism Financing to the OJK; the Company as member of CAT in collaboration of
• screening and monitoring of customer information exchange between INTRAC, Reporting
profiles using the INSTINCT system facility PArties, Supervisory and Regulatory Agencies,
and supported by databases from regulators Law Enforcement Officials, the General Elections
(INTRAC, OJK and Indonesian Police) and Commission (KPU), and the General Election
external vendors (World Check Refinitiv) and Supervisory Agency (BAWASLU) which took place
creating separate lists for customers who during the implementation of the stages of 2024
meet high-risk criteria based on the results of General Election and Regional Head Election.
screening and monitoring these profiles;
• screening and monitoring of profiles of
prospective and existing employees using
external vendor facilities (World Check
Refinitiv);
• training and socialization through e-learning
media for new and existing employees,
especially those whose job functions are closely
related to the Company's AML, CTF, CFPWDM
Program;
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INTERNAL CONTROL SYSTEM Responsibilities of the Board of
Internal control is implemented by the Company Commissioners and Directors
in order to ensure the achievement of: The Board of Commissioners and the Board of
1. Operational effectiveness and efficiency; Directors are committed to ensuring that Good
2. The Company's Financial Statements are Corporate Governance practices are implemented
reliable so they can be trusted; properly as the basis for achieving the objectives to
3. The Company's business activities are always in maintain and increase the value of the Company.
line with applicable laws and regulations. One of the implementations of Good Corporate
Governance is to ensure that the internal control
Financial and Operational Control system has been implemented adequately.
The Company's internal control system includes,
among others, financial and operational control. The Board of Directors has the responsibility to
implement a good internal control system to
Financial control consists of organizational achieve the Company's objectives. The Company's
structure, procedures and recording/ internal control system is run by the Board of
documentation systems related to the Directors, senior officers, Internal Audit and all
management and security of the Company's employees of the Company. Meanwhile, the
assets and the reliability of financial records and Board of Commissioners has the responsibility to
their consequences. The organizational structure, supervise in order to ensure the implementation
procedures and recording/documentation system of internal control in every business activity
are structured to provide sufficient assurance in of the Company at all levels or levels of the
terms of: organization. The supervisory activities of the
• Transactions are carried out in accordance Board of Commissioners are supported by the
with the approval (authorization) of the Audit Committee and the Risk Management
management that has been determined Committee which are directly under the Board of
according to their duties and responsibilities; Commissioners.
• Transactions are recorded to (1) enable
the preparation of financial statements in In general, the internal control carried out by the
accordance with applicable accounting Company includes the control environment, Risk
standards or other criteria necessary for these measurement, control activities, information and
reports and (2) demonstrate accountability for communication technology and monitoring.
the management of the Company's assets;
• Use of Company assets is only permitted if it is in Control Environment
accordance with Management's authorization; The control environment is the most important
• The responsibility for documenting/ component because it shapes the culture
administering the Company's assets is and human behavior to become aware of
compared with existing assets at any given the importance of control. To create a control
time and necessary action is taken if there are environment that can support the effectiveness of
differences. internal control, the Company has implemented
various policies, including:
Operational control includes organizational • Ensure that all members of the Company's
structure and procedures as well as records management have integrity and high ethical
relating to the decision-making process related to values;
the authorization of transactions by Management. • Establish a corporate philosophy that is
The approval/authorization is a management socialized and applied to all components within
function that is directly related to the responsibility the Company;
for achieving the Company's objectives and is the • Create an organizational structure that allows
starting point for establishing financial control for effective control;
over transactions. • Encouraging the active role of the Committees
under the Board of Commissioners to supervise
and provide input so that internal control can
run effectively;
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• Define clear duties and responsibilities among Risk assessment is carried out on a quarterly basis
organizational units; to measure the level of risk being faced and the
• Establish policies on human resource estimated level of risk that will be met by the
development, so that the Company's human Company. The measurement results along with
resources have high integrity. recommendations for improvement or anticipation
are submitted to the Board of Directors. The results
Risk Measurement [FS9] of this analysis are also submitted to the Risk
Risk assessment is the identification and Management Committee under the Company's
assessment of the risks encountered in achieving Board of Commissioners.
the objectives. Companies are increasingly
required to be able to recognize and manage the A more detailed explanation of risk management
risks of the activities they deal with to an acceptable performance during 2023 can be seen in the Risk
level. The Company perceives risk management Management Section.
as very important, therefore the Company has
had a Risk Management Directorate early on. The Control Activities
Risk Management Directorate in carrying out its Control activities are all policies and procedures
activities is supported by the Risk Management to ensure that the actions needed to address
Committee which is responsible to the Company's risks are actually implemented in order to
Board of Directors. achieve organizational goals. The effectiveness of
control activities will depend on the accuracy in
The main tasks of the Directorate of Corporate identifying and measuring the risks carried out
Risk Management include conducting analysis by the company. Several policies taken by the
to identify the risks that are being and will be Company in controlling activities include:
encountered by the Company, formulating • Assign tasks, responsibilities and authorities
recommendations for the level of risk that can be in accordance with the functions of each
taken by Management and the level of tolerance organizational unit;
for each risk and formulating risk management • Prepare good data recording/administration
policies to maintain the level of risk in the Company. and storage of Company documents;
• Prepare the security of Company data and
In addition, risk management has also received documents properly;
attention from the Board of Commissioners, which • Conduct an assessment or examination of the
through the Risk Management Committee under Company's performance by an independent
the Board of Commissioners, continuously oversee party such as a public accounting firm.
and supervises risk management carried out by
the Company's Directors. Information and communication
technology
The Company has identified the risks encountered The Company realizes that the control components
by the Company which consist of: (control environment, risk assessment, control
1. Microeconomic risk which consists of credit activities, monitoring) will be easily realized if
risk, operational risk, market risk, liquidity risk, there is a good and reliable information and
legal risk, compliance risk, reputation risk and communication system in the organization.
strategic risk; Information and communication systems are
2. Macroeconomic risk which consists of economic said to be good and reliable if every member
risk, social and security risk, monetary policy of the organization gets a clear message about
risk, exchange rate risk, risk of global crisis what must be done, so that the overall goals of
impact, risk of availability and demand for individuals, each section and the company can be
motor vehicles and competition risk; accomplished.
The Company already has policies as guidelines
for information and communication technology.
These policies include Regulation of Access to Adira
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Finance Network which is regulated in Internal • Implementation of supervision through
Memo No. MI-004/IT/ITCTRCOM/VII/2021 dated internal audit conducted by the Internal Audit
July 28, 2021, which among other things regulates Unit;
the rules regarding authentication of internal and • Implementation of supervision through
external user access; desktop, email, internet, and examination by independent parties such as
connectivity settings to or from the Adira Finance public accounting firms;
network; standardization of user ID and software • Implementation of supervision by the Board of
for the use of USB Ports and Sharing Folders and Directors;
many other written policies. These guidelines are • Supervision by the Audit Committee,
made so that the management of information and particularly in relation to the Company's
communication technology-based companies can financial records;
be carried out effectively, efficiently, reliably and • Supervision by the Risk Management
has a high level of security. Committee, particularly with regard to
operational activities and the Company's
The achievements made by the Information compliance with applicable laws and
Technology Directorate include evaluating regulations;
and revising Adira Finance's information and • Supervision by the Board of Commissioners of
communication technology guidelines including the entire implementation of the Company's
information technology governance, roles and management activities carried out by the
functions of Adira Finance's information and Board of Directors.
communication technology, risk management,
service management, security management, Evaluation of the internal control system
monitoring and evaluation of utilization. implemented by the Company is carried out
information and communication technology periodically and at any time if necessary by
systems to ensure the effectiveness of internal involving the Company's Internal Audit as well as
control and maintain compliance with applicable an Independent External Auditor.
laws and regulations.
Although the company realizes that there is
Monitoring no internal control system that can eliminate
The entire process should be monitored, and the all existing business risks, the company strives
necessary modifications made. Thus, the internal to be able to manage and control these risks
control system is dynamic and changes according to a minimum. Based on the results of the
to the demands of the conditions. evaluation during 2023, the Company considers
that the internal control system that has been
Monitoring is a continuous effort to ensure implemented by the Company is in accordance
that every movement of the Company is with the Company's needs to ensure the
synergistically leading to efforts to achieve goals. achievement of the Company's objectives. This can
This is done by reassessing the strength of the be seen from the results of the assessment and
control environment, risk assessment efforts recommendations from the Internal Audit Division
and selection of control activities. An important which showed better progress, except for the
element in monitoring is reporting on deviations results of the Internal Audit Division's examination
and deficiencies. of the newly established business network of the
Company, which is still in the process of improving
Monitoring and evaluation is carried out, among and perfecting procedures. Similarly, the results
others by: of the examination from the Company's External
• Supervision of each level of management Auditor.
within the Company;
• An accountability and assessment system that
allows for an assessment of each member of the
management and units within the Company's
organization;
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PUBLIC ACCOUNTANT 3. The Annual GMS which has the right to appoint
an Independent External Auditor, at the
To ensure that the Company's financial statements Annual GMS held on April 4, 2023 has decided
have been presented properly and correctly, and to appoint Public Accounting Firm Imelda &
in accordance with the articles of association and Partners (member firm of Deloitte Asia Pacific
the Regulation of the Financial Services Authority and Deloitte Global Network) and Elisabeth
Number 14 /POJK.04/2022 concerning Submission Imelda as a Public Accountant to examine the
of Periodic Financial Statements of Issuers or Company’s financial statements for the 2023
Public Companies, the Company appoints an financial year. The appointed Independent
External Auditor. External Auditor may not be under the control
of the Board of Commissioners, Board of
Appointment Mechanism Directors or other interested parties in any
The appointment of the Company's External form;
Auditor for the 20231) financial year has been 4. The appointment of a Public Accounting Firm
carried out with due observance of the provisions by the GMS has been reported to OJK on April
of OJK Regulation No. 13/POJK.03/2017 concerning 12, 2023 in accordance with the provisions
the Use of Public Accountant Services and Public of OJK Regulation No. 13/POJK.03/2017
Accounting Firms in Financial Services Activities concerning the Use of Public Accountants and
and OJK Circular Letter No. 36/SEOJK.03/2017 Public Accounting Firms in Financial Services
concerning Procedures for Using the Services of Activities.
Public Accountants and Public Accounting Firms
in Financial Services Activities with the following External Auditor Duties and Assignment Period
mechanism: The task of the Independent External Auditor is to
1. Based on the input from the Company and examine and provide an opinion on the Company’s
taking into account the provisions of the financial statements as of and for the year ended
applicable laws and regulations regarding the December 31, 2023. The appointed Independent
use of public accounting services and public External Auditor is responsible for expressing his
accounting firms and financial services and opinion on the compliance of the audited financial
capital market activities, The Company’s Audit statements in accordance with generally accepted
Committee recommends to the Board of accounting principles in Indonesia and to provide
Commissioners of the Company to propose to recommendations for improvements to the
the GMS to appoint a Public Accounting Firm Company’s weak internal controls.
Imelda & Partner (member firm of Deloitte Asia
Pacific and Deloitte Global Network) as the The year 2023 will be the third year for Public
Company’s External Auditor and Bayu M. Dayat Accounting Firm Imelda & Partners (member
as Public Accountant based on. The appointee firm of Deloitte Asia Pacific and Deloitte Global
would examine and provide an opinion on Network) as the Company’s Independent External
the Company’s financial statements for the Auditor.
financial year ending December 31, 2023;
2. Based on the recommendation received from The Public Accountant who represents the
the Audit Committee, the Company’s Board implementation of the 2023 financial statement
of Commissioners at the GMS held on April audit mentioned above is Elisabeth Imelda
4, 2023, proposed the appointment of Public
Accounting Firm Imelda & Partners (member
firm of Deloitte Asia Pacific and Deloitte Global
Network) and Elisabeth Imelda as a Public
Accountant to be appointed as the Company’s
Independent External Auditor;
1)
The appointment of Public Accountant Firms and Public Accountants for the 2023 financial year is carried out before the enactment of the Financial
Services Authority Regulation No. 9 of 2023 concerning the Use of Public Accountant Services and Public Accountant Firms in Financial Services
Activities.
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Audit Service Fee 3. Agreed upon Procedure of Report on Prudential
The fee for professional audit services to audit the Principal Application Activities at a cost of
Company’s Annual Financial Statements for the IDR75 million.
2023 financial year is IDR1,600,000,000 (one billion
six hundred million Rupiah). Declaration of Independence
In carrying out their duties, the External
External Auditor’s Other Services Independent Auditor stated that there was no
During 2023, Imelda & Rekan Public Accounting conflict of interest in the conduct of the audit.
Firm (member of Deloitte Asia Pacific and Deloitte
Global Network) will provide other services, External Auditor and Audit Committee
namely: Communication
1. Procedures in relation to conduct the shelf In order to carry out their duties, the External
registration Bonds VI and Mudharabah Bonds Auditor communicates with the Company's Audit
V ADMF year 2023 for PT Adira Dinamika Committee, then the results of the communication
Multifinance Tbk and audit of special purpose are reported to the Board of Commissioners by the
financial statements as of 31 December 2022 Audit Committee.
and 2021, and for the year then ended, at a cost
of IDR1 billion; In 2023, 3 (three) meetings were held between
2. Limited Assurance Engagement on the Audit Committee and the External Auditor,
Management Statement Letter that the namely on January 31, 2023, November 3, 2023 and
Company has never experience a default to December 20, 2023.
pay, at a cost of IDR100 million;
Data on Public Accountants who audit the Company's books:
Fiscal Audit Service
Public Accounting Firm Name of Accountant Type of Service
Year Cost
2023 Imelda & Partners (member firm of Elisabeth Imelda Financial IDR1,600,000,000
Deloitte Asia Pasifik and Deloitte Global) Statement Audit
2022 Imelda & Partners (member firm of Elisabeth Imelda Financial IDR800,000,000
Deloitte Asia Pasifik and Deloitte Global) Statement Audit
2021 Imelda & Partners (member firm of Bayu M. Dayat Financial IDR800,000,000
Deloitte Asia Pasifik and Deloitte Global) Statement Audit
2020 KAP Tanudiredja, Wibisana, Rintis & Drs. M. Jusuf Wibisana, M.Ec., CPA Financial IDR1,065,000,000
Partners (Member firm of PwC Global Statement Audit
Network)
2019 KAP Tanudiredja, Wibisana, Rintis & Drs. M. Jusuf Wibisana, M.Ec., CPA Financial IDR876,800,000
Partners (Member firm of PwC Global Statement Audit
Network)
2018 KAP Tanudiredja, Wibisana, Rintis & Drs. M. Jusuf Wibisana, M.Ec., CPA Financial IDR797,000,000
Partners (Member firm of PwC Global Statement Audit
Network)
2017 KAP Tanudiredja, Wibisana, Rintis & Lucy Luciana Suhenda Financial IDR786,000,000
Partners (Member firm of PwC Global Statement Audit
Network)
2016 KAP Purwantono, Suherman & Surja (a Arief Somantri Financial IDR719,740,000
member firm of Ernst & Young Global Statement Audit
Limited)
2015 KAP Purwantono, Sungkuro & Surja (a Benyanto Suherman Financial IDR831,534,000
member firm of Ernst & Young Global Statement Audit
Limited)
2014 KAP Purwantono, Suherman & Surja (a Drs. Hari Purwantono Financial IDR719,740,000
member firm of Ernst & Young Global Statement Audit
Limited)
2013 KAP Purwantono, Suherman & Surja (a Drs. Hari Purwantono Financial IDR679,000,000
member firm of Ernst & Young Global Statement Audit
Limited)
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Fiscal Audit Service
Public Accounting Firm Name of Accountant Type of Service
Year Cost
2012 KAP Purwantono, Suherman & Surja (a Drs. Hari Purwantono Financial US$70,000
member firm of Ernst & Young Global Statement Audit
Limited)
2011 KAP Siddharta & Widjaja (a member firm Kusumaningsih Angkawijaya, Financial US$90,000
of KPMG International) CPA Statement Audit
2010 KAP Siddharta & Widjaja (a member firm Elizabeth Imelda, CPA Financial US$90,000
of KPMG International) Statement Audit
2009 KAP Siddharta & Widjaja (a member firm Kusumaningsih Angkawijaya, Financial US$83,600
of KPMG International) CPA Statement Audit
External Auditor Evaluation
To ensure that the External Auditor has carried out his duties in accordance with applicable regulations,
the Company’s Audit Committee evaluates the implementation of the duties of the External Auditor
appointed by the GMS on April 4, 2023, and reports the results of the evaluation to the OJK on June 26, 2023.
This is in accordance with the provisions of Article 14 and Article 28 Paragraph 1 letter b OJK Regulation
No. 13/POJK.03/2017 concerning the Use of Public Accountants and Public Accounting Firms in Financial
Services Activities.
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Risk management is critical to
the Company's ability to maintain
business continuity. The primary goal
Risk of implementing risk management
practices is to safeguard and protect
Management
the company by managing the risk of
loss associated with its various activities
and ensuring that the risk level remains
within established guidelines.
The Company continues to work
towards forging and fostering robust risk
culture, implementing good Corporate
As the subsidiary of PT Bank Governance practices, preserving the
values of regulatory compliance, ensuring
Danamon Indonesia Tbk (Bank
adequate infrastructure, and structured
Danamon), its controlling and sound work processes.
shareholder, Adira Finance
The Company has adopted "Application
adheres to Risk Management of Consolidated Risk Management for
in accordance with Bank Banks Exercising Control over Subsidiary
Indonesia Regulation Companies," which it implements as a
subsidiary company of PT Bank Danamon
No. 8/6/PBI/2006 dated Indonesia Tbk (Bank Danamon), the
January 30, 2006, updated Company's controlling shareholder,
with Financial Services in accordance with Bank Indonesia
Regulation No. 8/6/PBI/2006 dated
Authority Regulation No. 38/ January 30, 2006, which was updated with
POJK.03/2017. Apart from Financial Services Authority Regulation
No. 38/POJK.03/2017.
adopting mechanisms based
on the 4 (four) pillars in risk In accordance with POJK No. 44/
management implementation, POJK.05/2020 concerning the
Implementation of Risk Management for
in accordance with POJK No. Non-Bank Financial Services Institutions,
44/POJK.05/2020 regarding the Company implements a risk
the Implementation of Risk management mechanism based on four
(four) pillars, which include:
Management for Non-Bank 1. Active supervision of the Board of
Financial Institutions. Directors, Board of Commissioners
and Sharia Supervisory Board (SSB);
2. Adequacy of risk management policies,
procedures and determination of risk
management limits;
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3. Adequacy of risk identification, measurement, supervision and risk mitigation, develop a risk
control and monitoring processes as well as management culture, ensure an adequate
risk management information systems; and organizational structure, determine the duties and
4. Comprehensive internal control system. responsibilities of each work unit, and ensure the
adequacy of quantity and quality to support the
Since 2016, the Company has had Guidelines effective implementation of risk management.
for the Implementation of Risk Management
in accordance with OJK Circular Letter No. 10/ The Company established committees under
SEOJK.05/2015 concerning Guidelines for the the Board of Commissioners to oversee its
Implementation of Risk Management for Non- implementation, including the Audit Committee,
Bank Financial Services Institutions, which have Risk Monitoring Committee, Nomination and
been updated to the most recent regulations, Remuneration Committee, and Governance
namely POJK No. 44/POJK.05/2020 concerning Committee. Meanwhile, the Board of Directors
the Implementation of Risk Management for Non- formed the Risk Management Committee.
Bank Financial Services Institutions.
Furthermore, under the Board of Directors,
The implementation of Risk Management is committees have been formed to specifically
carried out as follows: monitor operational risk, including the Operational
Risk Management Committee, Fraud Control
A. ACTIVE SUPERVISION OF THE Function, and Information Technology Steering
BOARD OF DIRECTORS, BOARD Committee (ITSC), as well as committees to
OF COMMISSIONERS AND SHARIA monitor market and liquidity risks, such as the
SUPERVISORY BOARD (SSB) Asset and Liability Committee.
The implementation of risk management involves
active supervision from the Company's Board of In carrying out business activities based on
Directors and Board of Commissioners. Therefore, Sharia principles, the Sharia Supervisory Board
the Board of Directors and Board of Commissioners (SSB) must be placed in the Company's Sharia
must understand risks, provide direction, conduct Business Unit (UUS) and appointed at the General
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Meeting of Shareholders (GMS) after obtaining • Ensure that all policies, provisions,
recommendations from the National Sharia systems, procedures, and business
Council - Indonesian Ulema Council, and has been activities carried out by the Company
reported to the Financial Services Authority (OJK) are in accordance with the prevailing
in accordance with applicable regulations. laws and regulations;
• Evaluate and update risk management
1. Authorities and Responsibilities strategies, policies and procedures or
of the Board of Directors, Board of the Risk Management Implementation
Commissioners and Sharia Supervisory Guidelines at least once per year or more
Board (SSB) frequently in the event of significant
The authorities and responsibilities of the changes.
Board of Directors, Board of Commissioners b. In charge of the implementation of risk
and Sharia Supervisory Board (SSB) are as management policies and risk exposures
follows: taken by the Company as a whole, including
a. The Board of Directors, Board of the following:
Commissioners and Sharia Supervisory • Evaluate and provide direction based
Board in accordance with the scope of on reports submitted by the risk
their respective authorities are responsible management function including reports
for ensuring the effectiveness of the on risk profile;
implementation of risk management • Take necessary actions in accordance
in accordance with the Company’s with the Company’s risk profile;
characteristics, complexity and risk profile; • Ensure that all material risks and impacts
b. The Board of Directors and Board of caused by such risks have been followed
Commissioners must ensure that each up and submit an accountability
function in the Company implements Risk report on the follow-up to the Board of
Management; Commissioners on a regular basis;
c. The Board of Directors must ensure the • Ensure the implementation of corrective
clarity of authority and responsibility for measures on problems or irregularities
risk management, the adequacy of risk in the Company’s business activities
measurement system, adequate limit found by the internal control function or
structure for risk taking, effective internal Internal Audit;
control and a comprehensive, periodic and • Submit accountability reports on the
timely reporting system. implementation of risk management
policies and risk exposures taken by
The Board of Directors has the authority and the Company to stakeholders on a
responsibility in terms of: regular basis (including to the Board of
a. Develop a written and comprehensive risk Commissioners and Sharia Supervisory
management policy and strategy, including: Board (SSB)).
• Develop and update the procedures and c. Evaluate and decide on transactions and
tools to identify, measure, control and risk limits that require the approval of the
monitor risks. Board of Directors, including preparing
• Develop overall risk limits and per type and establishing transaction approval
of risk, considering the risk appetite and mechanisms, including those that
risk tolerance in accordance with the exceeding the limit of authority for each
Company’s conditions and considering level of position;
the impact of risk on capital adequacy. d. Developing a risk management culture at
The Board of Directors establishes the all levels of the organization, among others
Guidelines for the Implementation of Risk by building risk awareness;
Management after obtaining approval e. Establishing an organizational structure for
from the Board of Commissioners. the implementation of risk management;
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f. Ensure the human resources competency c. Act as an advisor and provide
improvement related to risk management; recommendations to the Board of Directors
g. Ensuring that the risk management and Sharia business management on
function has operated independently; matters related to Sharia principles;
h. Carry out periodic reviews to ensure: d. Coordinate with the National Sharia Board
• Accuracy of risk assessment to discuss the Company’s proposals and
methodology; recommendations on products and services
• Adequacy of risk management that require review and decision from the
information system implementation; National Sharia Board.
• Appropriateness of risk management
policies and procedures and the 2. Human Resources (HR)
establishment of risk limits. In order to carry out the responsibility of
implementing HR-related risk management in
The Board of Commissioners has the authority the Company, the Board of Directors shall:
and responsibility in the implementation of risk a. Determine the qualifications of human
management in terms of: resources for each position related to the
a. Approve the Risk Management implementation of risk management;
Implementation Guidelines prepared by the b. Ensure the adequacy of the quantity and
President Director – Chief Executive Officer quality of human resources in the Company
and Director – Chief of Risk Officer with due and ensure that these human resources
regard to the Company’s risk appetite and understand their duties and responsibilities
risk tolerance; for the implementation of risk management;
b. Evaluate the Risk Management c. Develop HR-related activities to ensure the
Implementation Guidelines at least once availability of competent employees in the
per year or at any time in the event of field of risk management;
significant changes; d. Ensure the effectiveness of management
c. Evaluate the accountability of the Board of and improvement of HR competencies
Directors and provide periodic improvement related to the implementation of risk
direction on the implementation of the Risk management;
Management Implementation Guidelines; e. Placing competent officials and staff in work
d. Evaluate and decide on requests from the units according to their nature, number and
Board of Directors relating to transactions complexity;
and risk limits that require the approval of f. Ensure that officials and staff assigned
the Board of Commissioners; to each work unit have: understanding of
e. Establishing a Risk Monitoring Committee inherent risks, understanding of relevant
to monitor the implementation of risk risk factors, market conditions that affect
management in the Company. the Company and their impact, and the
ability to communicate risk implications in
The Sharia Supervisory Board (SSB) has the a timely manner;
authority and responsibility in terms of: g. Ensure that all human resources understand
a. Evaluate risk management policies and the strategy, the level of risk taken, risk
strategies related to the fulfillment of Sharia tolerance and risk management framework
principles periodically or in a more frequent and implement it consistently.
frequency in the event of significant
changes; The Director of HC Management & CREM
b. Evaluate the Board of Directors’ has been appointed to take responsibility for
accountability for the implementation of the Company's human resource fulfillment
risk management policies related to the in accordance with risk appetite and risk
fulfillment of Sharia principles periodically. tolerance.
The evaluation is conducted in order to
ensure that risk management policies and
processes are implemented in accordance
with Sharia principles;
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3. Risk Management Organization II. Risk Management Committee
To implement comprehensive and effective A risk committee at the Board of Directors
risk management, the Company establishes level. The Company has formed a Risk
a risk management organizational structure Management Committee, whose role
that includes functions appropriate to the is to make recommendations to the
Company's policies, size, and complexity of Board of Directors on risk management
activities. implementation, including the preparation,
improvement, and refinement of the Risk
The Company established a Risk Monitoring Management Implementation Guidelines.
Committee at the Board of Commissioners
level, and a Risk Management Committee at The Risk Management Committee consists
the Board of Directors level, as well as a Risk of the Board of Directors and relevant
Management Function to assist the Board of Senior Management. The Chairman is the
Directors in implementing risk management in Director or Senior Management in charge
the Company. of risk management.
I. Risk Monitoring Committee The main role of the Risk Management
This is a risk committee at the Board Committee is to evaluate and provide
of Commissioners level. Members recommendations to the President
of the committee consist of at least Director in the context of monitoring risks
one Independent Commissioner, an in connection with the implementation of
independent party with expertise in finance, Risk Management:
and an independent party with expertise in a. preparation of risk management
risk management. strategies, policies and frameworks, risk
appetite, risk tolerance and contingency
The main role of the Risk Monitoring plans to anticipate the occurrence of
Committee is to monitor and provide abnormal conditions;
recommendations to the Board of b. improvement or adjustment of risk
Commissioners with respect to: management implementation based
a. evaluation of Risk Management on the results of evaluation of risk
Implementation Guidelines and management implementation;
implementation of the policy; c. reviewing various risks faced by the
b. evaluation of the Board of Directors’ Company and other significant risk
accountability for the implementation of issues on a regular basis;
risk management policies at least every d. implementation of risk management
quarter; processes and improvements in line
c. monitoring and evaluating the with external and internal changes that
implementation of the duties of the may affect the level of capital adequacy
Risk Management Committee and Risk and risk profile;
Management Function in providing e. risk organization structure in
recommendations to the Board of the Company to ensure that risk
Commissioners; management processes are in line with
d. risk management policies/ organizational development;
documents/reports that require f. compliance of the implementation
Board of Commissioners’ approval, as of activities with applicable rules and
recommended by the Board of Directors. regulations;
g. determination of reserve formation to
A more detailed explanation of the roles accommodate potential inherent risks
and responsibilities of the Risk Monitoring and ensure the availability of disaster
Committee refers to the Risk Monitoring recovery procedures;
Committee work rules and guidelines.
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h. steps in handling a risky event and decisions in a comprehensive manner related to risky issues/
events.
i. Determination of policies and/or business decisions that deviate from normal procedures.
III. Risk Management Function
The Company has a Risk Management Function, namely the Risk Management Directorate, which
has the role and responsibility for risk management in the Company.
The organizational structure of the Risk Management Directorate consists of several functions
which are divided as follows:
• Operational Risk Management Division (consisting of the Fraud Control function);
• Risk Analytics & MIS Division (consisting of the Market and Liquidity Risk functions), which is
independent of the Company’s business and operational functions;
• Information Risk Management Division;
• Quality Assurance Division;
• Risk Policy Development & Business Incubation Division.
The organizational structure of the Risk Management Directorate can be described in the following chart:
President Director-Chief
Executive Officer
Director-Chief Risk & Legal Officer
Deputy Director-Head of Risk
Management
Risk Policy Development Operational Risk Information Risk
Risk Analytics & MIS Quality Assurance
& Business Incubation Management Management
The Risk Management Directorate is a The Risk Management Directorate has the
unit led by the Director - Chief of Risk authority and responsibility for:
Officer, who has operational responsibility a. Establish risk architecture and
for supervising and managing all risks, develop a comprehensive risk
including responsibility for providing management strategy. This includes
recommendations on all policies related the Risk Management Implementation
to risk. The Director - Chief of Risk Officer Guidelines, core policies, procedures
is structurally responsible to the President and controls, and includes contingency
Director - Chief Executive Officer, and plans in the event of abnormal external
functionally responsible to the Risk conditions;
Monitoring Committee. The Director - Chief b. Identify risks including risks inherent in
of Risk Officer is also the Chairman of the business activities;
Risk Management Committee. c. Developing risk measurement methods
in accordance with the size and
complexity of the Company’s business;
d. Monitoring the implementation of risk
management strategies that have been
prepared by the Board of Directors;
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e. Periodically reviewing risk management t. Coordinate the implementation of stress
strategies, policies and processes, and testing to determine the impact of
recommending changes (if necessary) significant changes in macro conditions
to the Risk Management Committee; on the Company’s portfolio;
f. Socializing risk policies and strategies to u. Evaluate the accuracy of internal models
all relevant units; and validation of data used to measure
g. Recommend portfolio limits and ensure risk;
compliance with those limits; v. Provide information to the Risk
h. Assess and monitor overall risk Management Committee on matters
exposure, for each type of risk and that need to be followed up related
type of functional activity and conduct to the evaluation of risk management
testing using scenarios/assumptions of implementation;
abnormal conditions and testing using w. Reviewing proposals for new business
historical data; lines that are strategic and have a
i. Ensure that risks are accurately measured significant effect on risk exposure.
and data reported appropriately;
j. Evaluate the accuracy of models and IV. Other Work Units
validation of data used to measure risk, In carrying out its duties to manage 8 (eight)
if the Company uses models for internal risks in the Company, the Risk Management
purposes; Directorate also cooperates with other work
k. Provide recommendations to the units/divisions related to each risk.
business and operational functions and/
or to the Risk Management Committee, The work units/divisions that work together
in accordance with their authority; for each risk will be discussed in the
l. Evaluating the potential loss in different discussion of each risk.
scenarios and linking it to the Company’s
capital capability to bear the risk; B. ADEQUACY OF RISK MANAGEMENT
m. Prepare risk profile reports to the Board POLICIES, PROCEDURES, AND LIMIT
of Directors, Board of Commissioners, DETERMINATION
and OJK on a regular basis; The implementation of risk management is
n. Reviewing risks in business plans supported by a framework that includes strategies,
(including proposed new activities and/ policies, procedures, and limits that are clearly
or product development); defined and in line with the vision, mission, and
o. Ensure a strong risk awareness and business strategy.
culture within the risk-taking unit;
p. Ensure that there are experienced and The implementation of risk management also
competent people in key risk-related includes a feedback process based on appropriate
positions in all functional areas; and quality information so that it is adaptive to
q. Ensure Disaster Recovery Plans and changes in conditions faced by the Company.
Business Continuity Plans are in place;
r. Ensure that there is fraud risk The preparation and implementation of strategies,
management in all critical work areas; policies, procedures, and limit setting are carried
s. Ensure that there are strict controls out by considering, among others, the type,
over information and documentation complexity of business activities, risk profile, level
security; of risk to be taken, adequacy of capital, quality of
human resources, and adequate infrastructure
and regulations stipulated by the authorities and/
or other related parties.
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1. Risk Management Strategy The Risk Management Implementation
The risk management strategy is prepared Guideline is established to ensure that the
for long-term purposes to ensure business Company maintains risk exposures that are
continuity, achieve the expected capital consistent with internal policies and procedures
adequacy, and comprehensively control and as well as external rules, laws, regulations, and
manage risks in the Company. other relevant provisions and is managed
by officials who have knowledge, skills, and
The risk management strategy is prepared by expertise in risk management, in line with the
considering both internal (human resources, level of business complexity.
infrastructure, and capital) and external
(economic conditions), in line with the In terms of policy, the Risk Management
Company's risk appetite and risk tolerance. Implementation Guidelines at least contain:
a. Determination of risks associated with
2. Risk Appetite and Risk Tolerance business activities (products, services and
In preparing risk management policies, the transactions) in the Company;
Company's Board of Directors provides clear b. Methods in identifying, measuring,
direction regarding the level of risk to be monitoring and controlling risks as well as
taken (risk appetite) and the Company's risk risk management information systems;
tolerance, to be considered in the preparation c. Determination of the level of risk to be
of risk management policies, including in the taken, determination of risk tolerance and
determination of limits. determination of risk limits;
d. Data, report format, and type of information
In determining risk tolerance, the Company in the risk management implementation
considers the Company's strategy and report;
objectives as well as the Company's ability to e. Authority and limit amount in stages;
take risks (risk bearing capacity). f. Risk profile rating as the basis for the
implementation of risk management, which
3. Risk Management Policies and refers to the regulations of the Financial
Procedures Services Authority (OJK) or other authorized
The Company has risk management policies authorities;
and procedures as outlined in the Risk g. Organizational structure that formulates
Management Implementation Guidelines the roles and responsibilities of the Board
prepared based on the provisions of the of Commissioners, Board of Directors,
Financial Services Authority (OJK), which committees, risk management function,
will be reviewed and updated periodically to and other working units;
accommodate changes that occur. h. Business continuity plan (BCP) or business
continuity management (BCM) policy,
The Risk Management Implementation including disaster recovery plan and
Guidelines is a written guideline used in the contingency plan. The preparation of the
implementation of risk management and BCP/BCM policy involves the relevant work
must be consistent with the Company's vision, units and is flexible; testing and evaluation
mission and strategic plan. as well as updating of the BCP/BCM are
carried out periodically by the Internal
Company;
i. Establishment of an internal control system
in the implementation of Risk Management.
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The Risk Management Implementation The components included in the Company's
Guidelines include policies regarding risk Risk Appetite Statement (RAS) include:
management in general and for each risk, a. Applicable regulatory requirements;
and they must be relevant to be applied to b. Parameters to maintain the Company’s
the Company. In terms of procedures, the Risk robust Financial Soundness Level based
Management Implementation Guidelines at on the consideration of the Board of
least include: Commissioners and the Board of Directors;
a. Accountability and clear levels of delegation c. Management’s responsibility in ensuring
of authority; the appropriateness of the strategy;
b. The implementation of reviews is carried d. Room for the business to grow in order to
out periodically at least once a year or at any meet the annual financial targets
time in the event of significant changes;
c. Adequate documentation of procedures Some of the considerations used in determining
to facilitate the implementation of reviews Risk Management limits in the Risk Appetite
and audit trails. Statement (RAS) are a combination of the
following, but not limited to:
The Risk Management Directorate is a. comparison with peers/similar companies;
responsible for centrally coordinating all risk b. limits set by regulations;
management policies and implementation in c. stakeholder views;
the Company. d. expert judgement;
e. historical and/or expected risk profile;
4. Setting Risk Limits f. target set by the Board of Commissioners.
The Company has limits that are determined
in accordance with the level of risk to be taken The Company monitors the Risk Appetite
(risk appetite), risk tolerance, and strategy. Statement (RAS) on a monthly basis and the
review will be conducted at least once every
The limit serves as a threshold to determine 2 (two) years or more frequently if there are
the degree of risk mitigation that management changes such as:
will implement. The Company has an approval a. changes to regulations;
mechanism in the event of exceeding the limit b. changes in risk model assumptions;
that has been previously determined. c. incidents and/or material losses;
d. company condition.
The amount of limit proposed by each work
unit, which includes the risks faced by the C. ADEQUACY OF RISK IDENTIFICATION,
Company and must be approved by the Board MEASUREMENT, CONTROL AND
of Directors or the Board of Commissioners MONITORING PROCESS, AND RISK
through the Risk Monitoring Committee or MANAGEMENT INFORMATION SYSTEM
the Board of Directors in accordance with their The implementation of risk management is carried
respective authorities. out through the process of identifying, measuring,
controlling, and monitoring risks and must be
Risk management limits must be reviewed supported by a risk management information
periodically or more frequently in the event system that is adjusted to the characteristics and
of significant changes, ensuring the practices complexity of the Company's business activities.
carried out are in accordance with the expected
risk limits.
The Company has a risk management limit at
the Company level, which is outlined in the Risk
Appetite Statement (RAS).
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1. Risk Identification g. Make improvements to the measurement
Steps in risk identification include: methodology if there are significant
a. Identify all risks on a regular basis, on changes in material factors that affect risk;
all operational and business activities h. Conduct periodic stress tests, which is a
with methods or systems owned by the process of estimating potential economic
Company; losses under abnormal market conditions,
b. Analyze all potential sources of risk from allowing the Company to assess the impact
each operation and activity prior to on profitability and capital. The results
introduction and implementation; of stress testing are used as input when
c. Pay attention to factors that affect risk setting policies and limits.
including additional risks.
3. Risk Control
2. Risk Measurement The Company has mechanisms and methods to
Accurate measurement of risk is very control risks by referring to established policies
important. Risk measurement is conducted and procedures. The risk control process in the
periodically and thoroughly for the Company's Company is adjusted to the risk exposure as
business activities. Risk must be measurable so well as the risk appetite and risk tolerance. In
that the adequacy of reserves and the ability addition, the Company has a work framework
of capital to absorb the resulting risks can be that is responsive to changes that occur due to
determined. the types of risks contained therein.
The risk measurement system, technology, 4. Risk Monitoring
or model will be adjusted to the nature, The Company has monitoring systems
size, and complexity of the business and and procedures that include monitoring of
must be able to capture all risk exposures. risk exposure, risk tolerance, compliance
Assumptions underlying risk identification and with internal limits, stress testing results,
measurement must be validated and clearly and consistency of implementation with
understood by risk management officials. Risk established policies and procedures.
measurement may utilize quantitative and/or
qualitative methods. Risk monitoring is carried out by the Risk
Analytics & MIS Division in the Risk Management
Important steps to establish a risk measurement Directorate, where the results of monitoring
process are: and evaluation are reported regularly to the
a. Assigning officials with expertise and management in order to mitigate risk and take
experience in determining the risk necessary actions.
measurement process;
b. Ensure the availability of sufficient, 5. Risk Management Information System
appropriate and accurate data and The Company has an adequate management
information; information system to support the
c. Develop an appropriate methodology or implementation of risk identification,
model for each type of risk. The methodology measurement, control, and monitoring
or model must be documented; processes by adjusting the needs of the
d. Having an adequate risk measurement Company in the context of implementing
application and recognizing the limitations effective risk management.
of the technology (in the event that risk
measurement is carried out using an Matters that need to be considered in
application); the implementation of the management
e. Test actual results against predicted results information system in relation to risk
to validate the methodology or model; management, among others:
f. Evaluate/review the appropriateness of
assumptions, data sources, and procedures
used to measure risk on a periodic basis;
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a. Developed in accordance with the needs organizational structure, the establishment of an
of the Company in order to support the adequate four eyes principle, and the adequacy of
implementation of risk identification, procedures for regulatory compliance.
measurement, control and monitoring
processes; The implementation of risk management,
b. Ensure the availability of accurate, including the adequacy of policies, procedures, and
complete, informative, timely and reliable management information systems, is reviewed
information, to monitor the effectiveness regularly (at least once a year or if necessary) by
of risk management implementation and the relevant working units, which includes the
support the implementation of reporting to suitability of the risk management framework
the Company’s management, the Financial with the Company's business and regulations,
Services Authority (OJK) or other authorized including the suitability of methods, assumptions,
authorities; measurement variables, and limits that have
c. Ensure that the system used and the been set. In addition, the implementation of
information generated are in accordance risk management by business and operational
with the characteristics and complexity functions (risk-taking functions) or support
of the Company’s business activities and functions is necessary, where the findings need to
adaptive to changes, where periodic reviews be improved and monitored by the relevant work
are carried out to ensure that the system units.
used is adequate;
d. Placing the data center in Indonesia for the The Company implements an effective risk
interest of law enforcement and protection management and internal control system through
of customer data; the implementation of a three-layer defense
e. Ensure that third party appointment approach, the establishment of risk tolerance, and
decisions are made objectively and the implementation of risk awareness and culture
independently, if using the services of as described in the previous section.
outsourcing companies in the development
of information systems; The Company has an Internal Audit unit that reports
f. Ensure that testing is carried out on independently to the Board of Commissioners
the implementation of management through the Audit Committee and the President
information systems and new technology Director - Chief Executive Officer on the risks
without disrupting the continuity of existing inherent in business and operational activities.
information systems; Internal Audit will focus on detecting weaknesses
g. The company must have system and violations of regulations that may cause the
documentation, to facilitate inherent Company to suffer a monetary or nonmonetary
control and the implementation of audit loss. Internal Audit shall ensure:
trails; a. Accuracy in internal control by considering the
h. Set up effective back-up systems and type and level of risk inherent in the business;
procedures; b. Appropriateness of organizational structure
i. Ensure that all risks inherent to the and reporting lines;
Company can be integrated in the existing c. Compliance with applicable laws, regulations
management information system. and internal policies;
d. Effectiveness and efficiency in operational
D. COMPREHENSIVE INTERNAL activities;
CONTROL SYSTEM [GRI 2-15] e. The existence of a strong risk culture
The internal control system in the implementation throughout the organization;
of risk management includes, among others, f. Accuracy and timeliness of financial and
the suitability of the internal control system operational reports;
and the implementation of risk management, g. Adequacy of management information
the establishment of authority, the monitoring systems;
of policies, procedures, and limits, a clear h. Complete and adequate documentation;
i. Management response to audit results.
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Internal Audit, together with the Risk Management c. There is a strategic plans discrepancy
Directorate, must be independent of the business among strategic levels;
functions in providing feedback to the Board of d. Failure to anticipate changes in the business
Directors and Board of Commissioners on the environment such as technological changes,
health of the Company. changes in macroeconomic conditions,
competition in the market and changes in
Internal Audit takes a risk-based approach. relevant authority policies.
Internal Audit must also have an annual audit plan
that must be approved by the President Director – In developing and setting the strategy, the
Chief Executive Officer and the Audit Committee. Company pays considers the following matters:
a. Understand the business environment,
Internal Audit may conduct audits using its own economy and financing industry;
team, outside units or teams as long as there is no b. Measuring the strengths and weaknesses
conflict of interest. of internal and external factors in the
Company; and
Internal Audit has an effective rating process to c. Analyze all available strategy alternatives.
assess the value of all audited units. Audit reports
should be sent to all relevant parties including the In 2023, the Company has submitted an annual
President Director - Chief Executive Officer and business plan for 2024 in accordance with the
Director – Chief of Risk Officer. format set by the Financial Services Authority
(OJK) based on POJK No. 24/POJK.05/2019
The Company and the Risks Faced concerning Business Plans of Non-Bank
In the implementation of risk management, the Financial Services Institutions.
Company largely adopts and accommodates
the pattern applied by the banking sector as the In order to determine the effectiveness of the
business sector in Indonesia, which is considered strategy that has been designed, the Company
the most established and more experienced in conducts periodic evaluations of the strategy
the application of risk management concepts, and its implementation on an ongoing basis.
considering that it is also necessary to apply
a consolidated risk management framework The Company conducts periodic monitoring
between the Company and the Parent Company. of actual performance conditions compared to
plans and budgets and understands the reasons
The Company faces a number of risks, both internal for any deviations. Monitoring is conducted
and external factors, including: by the Board of Directors on strategic risks
through the Balance Score Card (BSC), which is
1. Strategic Risks one of the tools used to measure and monitor
Strategic risk is a risk resulting from inaccuracies the implementation of the Company's strategic
in making and/or strategic decisions as well as risk management.
failure to anticipate changes in the business
environment. 2. Operational Risk
Operational risk is a risk resulting from
Strategic risks can be caused by, among others: inadequate and/or malfunctioning internal
a. Setting strategies that are not in line with processes, human error, system failure, and/
the Company’s vision and mission; or external events that affect the Company's
b. Conducting non-comprehensive analyses operations.
of the strategic environment;
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Operational risk can be caused by, among • Risk Control Self-Assessment (RCSA)
others, weaknesses in human resources, RCSA is a risk management concept
weaknesses in internal processes, inadequate established based on Standard Operating
systems and infrastructure, and external events Procedures applicable to the Company
that adversely affect the Company. to review and measure the magnitude
of potential risks that take place during
These sources of operational risk can cause internal processes to produce operational
events that have a negative impact on the risk status and report it periodically (every
Company's operations, so the occurrence of semester) to the Company’s management.
these types of operational risk events is one The designated work unit within the
measure of the success or failure of operational Company will conduct a self-assessment
risk management. Some examples of (SA Unit), which results in an RCSA rating for
operational risk events include the complexity each SA Unit.
of the organization and business activities,
human resources, technology, and information • Operational Risk Management System
systems, fraud (internal and external), (ORMS)
disruption to business and organization, and ORMS is an intranet-based system used
the level of interaction and dependency of the as an operational risk management tool
Company. to record operational risk/loss event data
(Risk/Loss Event Database), which will
In general, operational risk management in the be consolidated with Bank Danamon as
Company is carried out by way of: the Parent Company. This is in line with
a. Identify the risks inherent in each product POJK No. 38/POJK.03/2017 concerning
and operational activity; “the Implementation of Consolidated
b. Measuring the Company’s risk profile in order Risk Management for Banks that Control
to obtain an overview of the effectiveness Subsidiaries" and POJK No. 17/POJK.03/2014
of risk management implementation and concerning the Implementation of
the level of compliance with available Integrated Risk Management for
procedures and policies; Financial Conglomerates, as well as POJK
c. Control risks in the form of proactive No. 44/POJK.05/2020 concerning the
measures so that operational losses that implementation of Risk Management for
occur do not exceed predetermined limits Non-Bank Financial Services Institutions.
and do not interfere with the Company’s
business operations; and • Key Risk Indicator (KRI)
d. Monitoring risks that have been identified, KRI is a means of identifying conditions that
measured, and controlled by the Company may pose critical risks to the Company's
in a form of risk documentation using risk businesses by monitoring indicators and
monitoring systems and procedures carried limits that serve as early warning signals.
out both by the business and operational
functions (risk-taking function) and by the • Self-Raise Issue (SRI)
Risk Management function periodically and SRI is a system and means of identifying
submitted to the Company’s management. situations/conditions that have the
potential to cause operational risks in the
The four steps above are an integral part of the future, as well as making recommendations
risk management process. Some of the tools for improvements to avoid such risks.
and methods used to manage the Company's
operational risk are as follows:
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• Operational risk pre-assessment (ORPA) taking the necessary actions to minimize
ORPA is a means of reviewing and analyzing the consequences of operational risks.
aspects of operational and other related
risks for a new strategic initiative/project In addition, other operational risk control
that has a significant impact on part or the measures implemented by the Company are:
entire business processes in the Company
a) Fraud Management
As a support for the implementation of The Company has implemented OJK
operational risk management, the Company Regulation No. 35/POJK.05/2018 concerning
is constantly developing operational risk the Business Operation of Financing
detection indicators, the results of which Companies. In general, the implementation
will be combined with internal control of Anti-Fraud strategy in accordance
processes, to assist the Company in with the provisions of Chapter XII of OJK
detecting potential operational risks and Regulation No. 35/POJK.05/2018 in the
Company is as follows:
Strategy
Implementation in the Company
[GRI 2-16]
Prevention • Anti-Fraud awareness campaign.
In carrying out the fraud prevention • Know your employee.
strategy, the Company establishes policies • Implementation of dual custody principle and tiered control mechanism.
in the form of five components of the • Conducting periodic Fraud Risk Assessment.
internal control framework, namely: • Having Anti-Money Laundering & Counter-Terrorism Financing Unit.
control environment, risk assessment,
control activities, information &
communication and supervision.
Detection • Have a Fraud Detection System & Analytics.
Measurement, detection processes • Implement a surprise audit that adheres to the concept of Risk-Based Analysis.
and activities are used to identify fraud • Manage a reporting mechanism for indications or incidents of fraud as well as
behavior that is occurring and/or has a database of fraud incidents.
occurred in order to reduce further • Establish a whistle-blower mechanism and fraud hotline.
exposure.
Investigation (including Recovery), • The existence of standard operating procedures to regulate coordination
Reporting and Sanction between related sections in relation to fraud starting from fraud detection,
investigation, to the sanctioning process, along with monitoring steps for
recovery actions for losses caused by fraud.
• Special sections responsible for handling fraud, namely:
a. Quality Assurance cq Quality & Process Control (QPC) which conducts field
investigations, receives sampling data on high risk criteria; and
b. Internal Audit cq Investigation whose role is to conduct special investigations
into activities/transactions due to indications of fraud.
c. Other related Business Functions that play a role in the process of detection
and eradication of activities/transactions due to indications of fraud in the
Company's business operations.
• Activities in recovery include the billing process to recover losses and seek
reimbursement through third parties or other vendors related to the fraud
incident.
• The mechanism for reporting fraud incidents is carried out to internal and
external parties of the Company.
• The implementation of sanction policies to provide a deterrent effect for fraud
perpetrators in the Company is applied transparently and consistently.
Pemantauan, Evaluasi, dan Tindak • Monitoring the follow-up of fraud incidents by considering the Company’s
Lanjut (Monitoring, Evaluation, and internal provisions and laws and regulations.
Follow up) • Maintaining data on fraud incidents (fraud profiling) to support the
Each work unit, coordinated by the implementation of the evaluation; and
anti-fraud unit, must monitor, evaluate • The follow-up mechanism to avoid the recurrence of fraud events at least
and follow up on fraud cases that occur includes steps to:
including monitoring the implementation - Correcting weaknesses; and
of sanctions that have been determined - Strengthening the Company's internal control system.
and monitoring corrective actions taken
against the incident.
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b) Business Continuity Management (BCM) of a disruption to these activities that could
BCM is a comprehensive management threaten the entity's business continuity.
process for identifying impacts that Through the analysis result, the Company
potentially threaten business continuity. develops a business continuity plan (BCP),
BCM provides a framework for building which is a documented framework for
resilience and the capability to respond handling and restoring critical activities in
effectively to a situation. Thus, the interests a work unit within a predetermined time
of stakeholders and the entity's reputation, period.
as well as business continuity, can be
maintained. The Company has mitigation measures for
external incidents that have the potential to
Through BCM, the Company identifies affect the Company's business continuity.
critical activities/events that have the Therefore, the Company's BCP covers all
potential to occur in the entity in the event external activities and crises, which consist
of:
Business Continuity
Description
Plan (BCP)
Financial BCP Contains measures for handling and recovery of critical activities caused by disasters or disruption
of electricity, communications, and networks in the process of cash flow (daily operations), especially
since the entity is engaged in a cash-intensive industry.
Information Technology Contains steps to handle and restore critical activities in the event of a disruption to the Company's
BCP core system and digital platform.
Depository Financing BPKB is collateral kept by the Company until the consumer pays off his or her obligations to the
Guarantee BCP Company, so the security of the depository place is very significant. The Depository Financing
Guarantee BCP contains steps to handle and restore the process of receiving, storing, and issuing
BPKB in the event of a disaster or power, communication, and network disruption.
Business Operations The Company's main activities occur in branch offices, clusters, credit centers, operation centers,
BCP and warehouses. Therefore, the BCP has regulated the steps that need to be taken in the event of
an emergency condition caused by communication and network (system) disruptions and power
outages.
Incident Management Providing a documented framework to enable the organization to handle incidents. This document
Plan (IMP) describes the anticipation of various incidents in a crisis situation by activating the Call Tree and
mobilizing Incident Management Team members during incident response under the supervision
of the Corporate Command Centre. The focus is on employee safety, handling communications
related to reputational risk, continuity and recovery. This document includes instructions/steps
to deal with the following conditions: evacuation of employees in the event of violent/criminal
acts, earthquakes, floods, bomb threats, riots and mass disturbances, as well as fires and utility
interruptions.
Realization of Operational Risk Management Implementation
In its implementation, the Company implements an operational risk management system as follows:
1. Whistleblowing System
The Company utilizes the whistleblowing system as one of the efforts through active participation,
both from the internal and external environment of the Company, in managing risk management.
2. Fraud Detection System
The Company has implemented a potential fraud detection system to detect potential fraud early
on.
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3. Surprise Visit transactions. The Company has credit risk
In managing risk management, a team from management limits and strategies related to
the head office also conducts surprise visits Counterparty Credit Risk and Settlement Risk.
to branch offices. This activity is specifically
conducted to verify any unusual trends. The Company has a credit risk management
function in charge of monitoring the
4. Risk Control Self-Assessment development and implementation of strategies
The Company developed a self-risk so as to minimize the incidence of credit risk.
management system for all employees.
Gradually, employees sample themselves In addition, in connection with the active
in relation to their work, in order to increase supervision of the Board of Directors and the
their awareness of risks. Board of Commissioners, a Risk Monitoring
Committee has been established at the Board
5. Submission of Risk Events Map of Commissioners level and a Risk Management
Every month, there is a risk events mapping Committee at the Board of Directors and Senior
activity that is submitted to the Head of Management level that is actively involved in
Region and Head of Division within the the planning, approval, review and assessment
Company. Through this ongoing system, of credit risk.
operational activities or systems in the
Company are updated. The Company has implemented a credit
risk management strategy that is aligned
6. Risk Management Policy Automation with the Company's objectives to maintain
The Company has a system where policies financing quality, profitability, and business
related to risk management are included in growth. Periodic evaluations are conducted on
the system. Through this system, operations financing products/portfolios, as a mitigation
within the Company are automatically able of credit risk.
to detect potential risks since the beginning
of interaction with customers. The Company has a credit risk policy, which
regulates the structure and hierarchy of
3. Credit Risk financing policies. The Company develops and
Credit risk is the risk due to the failure of implements appropriate financing risk policies
other parties to fulfil their obligations to the and procedures so that it can:
Company, including credit risk due to customer
failure, including credit concentration risk, a. Support healthy financing distribution;
counterparty credit risk and settlement risk. b. Monitor and control credit risk including
financing concentration risk;
Credit risk may rise as a result of the c. Conducting evaluations in utilizing new
concentration of financing disbursements business opportunities; and
on specific customers, geographical areas, d. Identify and handle non-performing loans.
business activities, financing types, or business
fields. This risk is often referred to as financing The credit risk policy covers the end-to-
concentration risk. end process of financing activities, which
includes the target market, financing process,
In relation to the Counterparty Credit Risk and collateral, financing approval process,
Settlement Risk, the Company is exposed to this financing administration, remedial, portfolio
risk because it hedges loans obtained in foreign management, and others, including the
currencies through Cross Currency Swap (CCS)
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mapping of financing risk to business activities The Credit Risk Management function is
and training related to credit risk. managed in the Risk Management Directorate,
which is responsible for measuring credit
In relation to the approval analysis process and risk both in each portfolio and as a whole.
financing administration, the Company has Operationally, the Risk Management
procedures that include: Directorate is assisted by the Credit, Collection,
a. Clear separation of functions and delegation and Legal Directorates in the implementation
of authority in decision-making; of credit risk management in the Company. In
b. A work unit that conducts periodic reviews order to measure the risk value of a customer
on the quality of financing; or portfolio, the following points must be
c. Development of a financing administration considered:
system related to the financing process; a. Have a written procedure for conducting
d. Registration and updating of all information, risk measurement that allows for the
both quantitative and qualitative. following:
- Evaluation of credit risk levels using
In conducting the approval analysis process, a combination of qualitative and
the methods used are as follows: quantitative data;
1) Credit worthiness/financing analysis - Distribution of measurement results for
Starting from the assessment of the monitoring purposes by relevant work
qualitative and quantitative aspects of units.
prospective customers using the 5C’s of b. Develop appropriate methodologies,
Credit method, consisting of: Character, models or tools for each type of risk.
Capacity, Collateral, Capital and Condition. - Develop a measurement tool to measure
2) Customer and channel risk profile analysis credit risk on a transactional basis;
matrix - Measures credit risk on a portfolio
basis. This risk should be defined as the
The Company measures credit risk based on number of potential losses for both the
customer risk profile and channel, which is the obligor and the portfolio;
main source of customer acquisition for the - Stress test approach to estimate
financing industry in Indonesia. potential economic losses under
abnormal conditions. Stress tests should
The Company has also utilized the services of be conducted periodically.
the Private Credit Bureau and the Financial c. Parameters used in measuring credit risk
Information Service System (SLIK) as a source include but are not limited to:
of information used in the approval analysis - Characteristic of each type of transaction;
process. - Financial condition of the consumer;
- Sufficiency of collateral;
In addition, the Company's policies and - Term of financing;
procedures should include a framework - Growth of financing exposure;
for identifying, measuring, controlling, and - Non-performing financing;
monitoring risk, as well as a risk management - Adequacy of reserve; and
information system for credit risk, as well as - Write-off, absolute write-off and
determining the roles and responsibilities of restructuration.
each function within the organization.
The results of this risk management can be
seen from the Company's net non-performing
financing (Net NPF) trend, which is still within the
risk corridor planned by the Company, which is
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seen in 2023 and 2022 at 0.49% and 0.04%, respectively (still below the limits set by the regulator). This
proves that the risk strategy and culture established and built are in line with the Company's business
objectives and behavior.
The Company's customer profile is fairly diversified so that risk is not concentrated in one profile. The
following is the Company's customer profile in 2021, 2022 and 2023:
Consumer Profile based on Job Type:
Name 2021 2022 2023
Employee 50% 51% 52%
Self-employed 49% 48% 47%
Others 1% 1% 1%
Consumer Profile based on Monthly Income:
Monthly Income 2021 2022 2023
≤ Rp5,000,000 36% 30% 28%
Rp5,000,000 < Rp10,000,000 40% 42% 43%
≥ Rp10,000,000 24% 28% 29%
The following is a description of consumer concentration on financing receivables
owned by the Company:
Consumer Type 2021 2022 2023
Individual 96% 95% 95%
Corporate 4% 5% 5%
4. Market Risk
Market risk is the risk in asset positions, Market risk is measured under normal and
liabilities, equity, and/or administrative stressful conditions. The commonly used
accounts, including derivative transactions, market risk measurement methods include
due to overall changes in market conditions. the Interest Risk gap (IRR gap), which refers to
the difference in cash flows for each maturity
Market risk includes interest rate/margin risk bucket arising from the on- and off-balance
(for Sharia), exchange rate risk and equity risk. sheet. Cash outflows and inflows in each
maturity bucket are calculated in accordance
The Company has conducted regular recording with the characteristics of each instrument,
and monitoring of market risk, which is both maturing and non-maturing instruments.
discussed in the Asset and Liability Committee,
so that the Board of Directors and senior In addition, in the context of consolidated
management can immediately respond to reporting with PT Bank Danamon Indonesia
market risk issues. The Company has an Asset Tbk, as the parent company, the Company
& Liability Management system to support the also calculates IRRBB (Interest Rate Risk in
reporting and implementation of market risk the Banking Book), which consists of the
management. calculation of Net Interest Income (NII) and
Economic Value of Equity (EVE) in a stress event
The Company also has a policy and sets limits (based on the scenario set by the regulator) as
in relation to market risk. part of the implementation of effective and
adequate market risk management.
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The Company has complete written policies The inability to obtain cash flow funding
and procedures to manage and control market sources resulting in liquidity risk can be caused
risk, including limit-setting policies, limit by, among others:
structure, limit approval, and actions in the a. Inability to generate cash flows from
event of limit exceedance. The policy must be earning assets or from the sale of assets
formulated in accordance with the Company's including liquid assets;
business strategy, capital adequacy, and risk b. Inability to generate cash flow from fund
appetite. raising, intercompany transactions and
loans received.
Limits are proposed by the Risk Management
Directorate and approved by authorized parties/ The Company has conducted regular recording
committees in accordance with applicable and monitoring of liquidity risk, which is
policies. discussed in the Asset and Liability Committee,
so that the Board of Directors and senior
In the event of a limit exceedance, the Risk management can immediately respond to
Management Directorate (Market and Liquidity liquidity risk issues.
Risk Management function) and the Finance
Directorate (Funding & Capital Market Division) The Company also has a policy and sets limits
are required to provide information and/or in relation to liquidity risk.
corrective action on any limit exceedance in
accordance with the applicable policy. Liquidity risk is measured under both normal
and stressful conditions. The Maximum
In relation to market risk, the Company Cumulative Outflow (MCO) is a common
provides financing to customers in the form method for measuring liquidity risk. MCO at a
of Rupiah currency with fixed interest rates given maturity bucket refers to the maximum
and tenors. The Company's source of funding net cumulative cash flow generated by the
comes from a joint financing scheme with on- and off-balance sheets. Cash outflows
the Parent Company with fixed interest and inflows at each maturity bucket are
rates and matched tenors. In addition, for calculated based on the characteristics of
loans denominated in foreign currencies, the each instrument, including maturing and non-
Company has implemented a fully hedged maturing instruments. MCO is calculated for
policy as a form of mitigation against market both normal and stressful event scenarios.
risk.
Furthermore, in the context of consolidated
5. Liquidity Risk reporting with PT Bank Danamon Indonesia
Liquidity risk is the risk resulting from the Tbk, as the parent company, the Company
Company's inability to meet its maturing calculates Liquidity Coverage Ratio (LCR) and
liabilities from cash flow funding sources and/or Net Stable Funding Ratio (NSFR) and sets limits
from liquid assets that can be easily converted based on the Company's risk appetite.
into cash without disrupting the Company's
activities and financial condition. The Company has a comprehensive written
policy and procedure for managing and
Liquidity risk may result from the Company's controlling liquidity risk, which includes policies
inability to liquidate assets without being for funding source diversification, daily and
materially discounted due to the absence of monthly liquidity management, management
an active market or severe market disruption, of high-quality liquid assets, a Contingency
referred to as market liquidity risk. Funding Plan (CFP), and limit setting. The policy
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must be developed in accordance with the The Company has established standards and
company's business strategy, capital adequacy, procedures for the implementation of legal
and risk appetite. risk management. In addition, the Company
has a code of ethics for its employees to use as
Policies for managing liquidity risk must also a working guideline, as well as limits on legal
include provisions for limit structure, limit risks.
approval, and actions in the event of a limit
exceedance. On a regular basis, the Company also provides
training and socialization to relevant internal
The Risk Management Directorate proposes parties to support the Company's operational
limits, which are then approved by authorized processes related to legal risk.
parties/committees in accordance with
applicable policies. The Company has a policy in place for the
implementation of legal risk management
In the event of a limit exceedance, the Risk (including the provision of legal assistance),
Management Directorate (Market and Liquidity which is reviewed on a regular basis in
Risk Management function) and the Finance accordance with the Company's internal
Directorate (Funding & Capital Market Division) conditions as well as changes in the applicable
must provide information and/or corrective laws and regulations.
action in accordance with the applicable
policies. The Company has set limits for legal cases, such
as the number of cases, potential losses, and
The Company's results in managing liquidity the outcome of legal proceedings, which are
risk, as evidenced by the cash ratio, current ratio, regularly monitored and reported to the Board
and gearing ratio, all of which remain within the of Directors and Board of Commissioners.
limits set. According to December 2023 figures,
the Company's cash ratio is managed at 13% The Company has identified and analyzed
(where the minimum limit is 1%), the current the factors that may result in the emergence
ratio is managed at 129% (where the minimum of legal risks in its products, processes, and
limit is 100%), and the gearing ratio is managed information technology, which will have an
at 1.5x (where the maximum limit is 10x). impact on its financial position and reputation.
The process of assessing legal risk employs
6. Legal Risks both qualitative and quantitative approaches.
Legal risk is a risk resulting from lawsuits and/
or weaknesses in legal/juridical aspects. To expedite the handling of legal cases at
the area and branch levels, the Company has
Legal risk can arise from a variety of sources, established a legal unit at the area level that
including weaknesses in the juridical aspects works directly with the Legal Division of the
caused by the Company's engagement, the head office as well as the area and branch
absence and/or changes in laws and regulations offices.
that cause a transaction carried out by the
Company to be in violation of the provisions, 7. Compliance Risk
and litigation processes arising from both Compliance risk is a risk resulting from the
third-party claims against the Company and Company not complying with and/or not
the Company's claims against third parties. implementing the laws and regulations that
apply to the Company.
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Compliance risk may originate from, among and Counter-Terrorism Financing (AML-CTF)
others: programs in the financial services sector, the
a. Legal behavior, namely the Company’s Company has policies in place to implement
behavior or activities that deviate or AML-CTF programs that have been adjusted to
violate from the provisions and/or laws and meet the regulator's requirements.
regulations;
b. Organizational behavior, namely the The Company has established a compliance risk
Company’s behavior or activities that limit based on self-assessment using the OJK
deviate or contradict from the generally format or other compliance-related formats,
accepted standards. as well as assessments involving independent
assessors.
The Company’s compliance risk management
strategy includes: The regulator's limit may also be used to
a. Participate in socialization and training determine the compliance risk limit.
related to new regulations held by the
regulator; The following indicators or parameters can be
b. Conduct socialization and training related used to measure compliance risk:
to new regulations to the Company’s a. The type and significance of the offence
employees, conduct reviews and committed;
compliance tests, and prepare reports that b. Frequency of violations (including sanctions)
must be submitted to regulators and other or the Company’s compliance track record;
parties in accordance with the provisions of c. Violations of the provisions of laws and
laws and regulations; regulations or generally accepted business
c. Implementing reward and punishment standards;
policies that apply to all levels; d. Follow-up on violations.
d. Conducting periodic self-assessment;
e. Implement the principles of good Furthermore, compliance risk is measured
governance in the Company, namely: using compliance tests on policies, products,
openness, accountability, responsibility, activities, and other relevant indicators or
independence, fairness, in connection with parameters.
the practice of Good Corporate Governance
(GCG). 8. Reputation Risk
Reputation risk is the risk that arises as a result
The Company has policies and procedures for of a decrease in stakeholder trust caused by
implementing governance based on openness, negative perceptions of the company.
accountability, responsibility, independence,
and fairness, as outlined in the Good Corporate Reputation risk arises, for example, as a result
Governance Implementation Guidelines. The of negative media coverage and/or rumors
policies and procedures are reviewed on a about the Company, as well as the Company's
regular basis or whenever there are changes in ineffective communication strategy.
the regulations to ensure that they are in line
with the Company's current conditions. To assist with the implementation of reputation
risk management, the company employs
The Company also has a work plan in place a whistleblower system managed by an
to implement good governance, as well as independent third party.
a Compliance Division that oversees the
implementation of the Company's values Furthermore, the Company has a Credit Rating
across all aspects of the organization. from local institutions (Pefindo Rating) as well
as international institutions (Fitch and Moody's
Furthermore, in accordance with the Financial Rating), which can help the Company's
Services Authority (OJK) regulations governing
the implementation of Anti-Money Laundering
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
reputation. The Company obtained a fairly The Company responds as soon as possible to
good Credit Rating from Pefindo (idAAA), Fitch customer complaints or legal actions that may
(BBB), and Moodys (Baa1). increase reputation risk.
The Company has policies in place to address The Company is also committed to
reputation risk, which are tailored to the implementing Corporate Social Responsibility
Company's internal conditions and applicable (CSR) programs that involve the surrounding
laws and regulations. community while always keeping an eye on the
balance of economic, social, and environmental
The Company has policies and procedures aspects, which can lead to a positive response
related to: from stakeholders.
a. Services to customers that are in line with
regulatory requirements; The effectiveness of reputation risk
b. Monitoring of negative news and customer management implementation can be seen in
complaints; the negative news and customer complaints
c. External communication related to negative managed by the Company in 2023, which
news or counterproductive information; remain within the Company's risk appetite and
d. Handling customer complaints guided by risk tolerance.
provisions related to Market Conduct.
Risk Control Focus and Initiatives in 2024
Limits in reputation risk can be determined Due to the ongoing uncertainty in the global
using quantitative and qualitative methods economy, 2024 will continue to be a difficult year
tailored to the Company's needs and conditions. for the entire world, including Indonesia. The
escalation of global conflict tensions, an economic
The Company must identify and assess factors slowdown in Asia and Europe, high global inflation,
that may pose a reputational risk in its products, interest rates that are expected to remain high,
processes, and information technology. food and energy security vulnerabilities due to
climate change, commodity price volatility, and
To control reputation risk, the Company has Indonesia's transition to a political year in 2024
written policies and procedures to comply are all factors influencing the global economy and
with the principles of transparency and Indonesia.
improving service quality to customers and
other stakeholders, including restoring the The Indonesian government predicts that the
Company's reputation following an incident country's economy will grow by around 5.2% in
that causes reputation risk. Such policies 2024. The projected national economic growth
include communication guidelines for dealing rate in 2024 is significantly higher than the global
with customers and third parties. In addition to economy, which is expected to grow at 2.9%.
these policies, the Company is subject to the According to these projections, this is an excellent
applicable regulations of the Indonesia Stock opportunity for the company to continue growing
Exchange and the Financial Services Authority while adhering to the precautionary principle.
(OJK), so when disclosing information to
the public, the Company also refers to the In response to this situation, the Company must
provisions of the Capital Market legislation. devise a strategy that can be implemented on
target. One of the Company's main strategies is
To manage reputation risk, the Company must the implementation of careful and balanced risk
ensure compliance with all applicable laws and management, which will serve as the foundation
regulations.
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for maintaining the Company's planned credit losses to consumers and the Company can be
quality level. minimized;
The following are the Company's focus and • Utilization of Information Technology
initiatives in terms of risk control for 2024: Using an integrated and centralized
management system in managing the
• Customer Eligibility Assessment Company's risk policies, as well as using
Applying the precautionary principle in information technology-based tools to
selecting prospective customers, which adapt to the Company's business needs, in
is translated into the Company's policies supporting the activities in critical business
by considering both internal and external processes, which can increase the productivity
factors, such as regulatory regulations, market of employees so that they can provide services
conditions, and macroeconomic conditions, as more efficiently and effectively, and maintain
well as utilizing information from third parties the level of credit quality that has been planned
to sharpen the analysis of customer eligibility by the Company; and
so as to maintain a planned level of credit
quality; • Continuous Monitoring and Development of
Business Processes
• Customer and Capacity Management Conduct strict and continuous monitoring of
Customer management by considering the the performance of each business process and
available capacity, and supported by the use develop indicators and business processes that
of system management in the application of are adaptive to current conditions in order to
technology-based policies and tools, so that maintain the Company's performance at the
the customer payment process and handling of planned level.
non-performing loans can be carried out more
efficiently and effectively and maintained at Implementation of Integrated Risk
the level planned by the Company; Management
Since 2015, the Financial Services Authority
• Analysis based on Statistical Methods and (OJK) has required companies within a financial
Utilization of machine Learning institution conglomerate to implement Integrated
In addition to the policies that are adaptive Risk Management. The policy is outlined in
to current conditions, the Company also Financial Services Authority Regulation Number
strengthens analysis in the customer 17/POJK.03/2014 and Financial Services Authority
acquisition and management process with Circular Letter Number 14/SEOJK.03/2015, which
statistical modeling built on customer data, address the implementation of integrated risk
both demographic and behavioral, and utilizes management for financial conglomerates.
information from third parties so that the risk According to the regulation, a Financial
of each customer can be quantified and the Conglomerate is a group of Financial Services
Company can make decisions according to the Institutions that have interrelated ownership and/
risk level of each customer; or control.
• Fraud Management In terms of regulation, the Company is part of the
Periodically, the Company conducts Fraud Financial Services Institution Conglomerate, with
Management through the implementation of PT Bank Danamon Indonesia Tbk as the Parent
Fraud Campaigns to consumers and employees Entity.
in order to increase Fraud Awareness, develop
risk detection indicators and the use of system In this regard, the Parent Entity, Bank Danamon,
management in the supervision process so has formed an Integrated Risk Management
that activities that have the potential to cause Committee, of which the Company is a member of
the Committee.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
PROCUREMENT OF GOODS AND 6. The Company has sent written letters to all
SERVICES suppliers informing all suppliers not to make
promises or gifts to anyone in the Company. If
In the procurement of goods and services as well there is a party within the Company who asks
as relationships with suppliers, Adira Finance has for a reward or gift, then that party is asked to
implemented the following policies: contact the Corporate Secretary so that it can
be followed up.
1. Implementing Internal Memos and Operational
Procedures System for the procurement of With these policies, then:
goods and services in the Company; 1. Procurement of goods has been carried out
2. All procurement processes have been carried in accordance with the required quantity and
out online to simplify the process and to quality, competitive prices, timely delivery and
maintain on-time delivery of goods; good after-sales service;
3. The main suppliers, both suppliers of goods 2. The entire process of procuring goods and
and services, are required to submit complete processing payments to suppliers can be
legal documents of the company, to ensure monitored, so that they are secured and
that the suppliers of the Company's goods and in accordance with the principles of Good
services are legitimate companies that have Corporate Governance.
good credibility and are responsible;
4. The Code of Ethics and Company Regulations In 2023, the time required for the Company to
prohibits every employee from accepting complete payments to suppliers is on average 10
promises or gifts in any form from suppliers; (ten) working days from the time the completed
5. The Company will conduct an evaluation once documents are received by the Company.
a year for all suppliers, to ensure that these
suppliers will be able to continue to support
the Company's business activities.
Procurement of the Company's goods and services in 2023:
Procurement Value in Procurement Value
Procurement Value
Work Unit Foreign Currency in Foreign Currency Total Procurement
(in millions of Rupiah)
(USD) (AUD)
Head Office 1,330,228,365,450 922,650 32,353 56,302 Item transactions
Branch Office 327,303,675,593 - - 129,975 Item transactions
To ensure that every procurement of goods/services has been carried out in accordance with
applicable regulations, the Company through the Company’s Internal Audit Unit conducts periodic
inspections at least 1 (one) time a year and at any time if necessary based on an assignment from
the Company’s Board of Directors.
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DIVIDEND POLICY
The company has a high commitment to return the shareholder's investment in the form of cash dividends.
Since the Initial Public Offering, the Company has always distributed dividends to its shareholders every
year and has also set a minimum dividend policy of 20%-25% of net profit for the year in the Company's
Initial Public Offering Prospectus. The Company will continue to strive to provide the best return on
investment to all of the Company's shareholders by taking into account the Company's funding needs in
the following year and the dividend policy adopted by the Company PT Bank Danamon Indonesia Tbk as
the controlling shareholder.
As in previous years, the Company has also distributed cash dividends to all of the Company's shareholders
in 2023 In the Annual GMS held on April 4, 2023, it was agreed to distribute cash dividends of approximately
50% of the Company's net profit in 2022, which is approx. Rp803 billion or Rp803 per share. On the dividend
payment date, the Company has paid the entire cash dividend payable to all shareholders of the Company
on May 4, 2023.
Description 2019 2020 2021 2022 2023
Cash dividend per share (expressed in full Rupiah value) 908 1054,5 513 607 803
Ratio of dividend value to net income (%) 50,0 50,0 50,0 50,0 50,0
Dividend value growth compared to the previous year (%) 28,9 16,1 -51,35 18,32 32,3
PROVISION OF FUNDS FOR RELATED PARTIES
Provision of funds to related parties is the provision of funds in the form of loans, placement of funds,
participation to individuals or companies/entities that have a controlling relationship with the Company,
either directly or indirectly, through ownership, management and/or finance relationships. Meanwhile,
the provision of funds to core customers is the provision of funds to 50 consumers with the largest debit
balance, both individuals and groups.
Regarding the provision of funds for related parties and Adira Finance's large customers in 2023, see the
table below:
Nominal Amount
No. Provision of Funds Number of Parties
(million IDR)
1. To Related Parties
a. PT Bank Danamon Indonesia Tbk 1 736,987
b. Other Parties 39 406,273
2. To Core Consumers
a. Individual 50 105,288
b. Group 50 953,859
3. To Shariah Core Consumers
a. Individual 50 72,458
b. Group 50 88,412
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PROVISION OF FUNDS FOR SOCIAL AND POLITICAL ACTIVITIES
Provision of funds for social activities for 2023:
No. Description Total (IDR)
1. Social Assistance:
- Assistance for humanity and victims of natural disasters 156,500,000
- Donations to Increso 360,000,000
2. Microeconomic development activities (Adira Festival 2023) 1,500,000,000
3. Environmental care and preservation: 150,000,000
- Environmental maintenance activities
- Environmental preservation activities
4. Development of religion, education, cultural and sports:
- Sports Activities 1,288,076,600
- Religious activities 1,560,912,865
- Education activities 585,000,000
Total 5,600,489,465
Provision of funds for political activities in 2023: none
CONTRIBUTION TO THE COUNTRY
Contributions to the state treasury are reflected in the payment of taxes and the payment of OJK levies
made by the Company.
Payment of taxes
In 2023, the taxes paid to the State Treasury are as follows:
No. Description Total (IDR)
1. Corporate Income Tax 469,261,494,240
2. Employee Income Tax 234,384,856,301
Total 703,646,350,541
Payment of OJK Fees
To comply with the provisions of Government Regulation no. 11 of 2014 concerning Charges by the Financial
Services Authority and OJK Regulation No. 3/POJK.02/2014 concerning Procedures for Implementing
Charges by the Financial Services Authority, in 2021, the Company has made 4 (four) payments of levies to
OJK with the following data:
No. Type of Payment Date of Payment Total (IDR)
1. 2023 Phase I Annual Fee April 14, 2023 131,773,514
2. 2023 Phase II Annual Fee July 3, 2023 3,328,029,632
3. 2023 Phase III Annual Fee October 10, 2023 2,800,935,577
4. 2023 Phase IV Annual Fee December 5, 2023 2,800,935,577
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POLICY ON THE RIGHTS OF CREDITORS
Adira Finance highly respects good relations with all stakeholders of the Company, including Creditors. In
accordance with the commitments from the Company as stated in each loan agreement, each creditor
has the right to obtain relevant information about the Company.
As a financing service provider company, in supporting its business activities, the Company desperately
needs funding support, both from banks and investors in the capital market. In establishing relationships
with Creditors and Investors, the Company always adheres to the Articles of Association, the Company’s
Code of Ethics and applicable laws and regulations, which include:
1. The selection of creditors is based on the interests of the Company by taking into account the capabilities
and business development of the Company;
2. The Company shall attempt to provide maximum information relevant to the interests of creditors and/
or investors;
3. The Company is committed to meeting the rights of creditors and/or investors in accordance with the
agreements made by considering the Company’s policies and the provisions of the applicable laws and
regulations.
CUSTOMER/CONSUMER PROTECTION POLICY [SEOJK F.27]
Adira Finance perceives Consumers as the most important part of the Company. This is in accordance
with the Company's focus that has been determined by Management, namely Customer-Centric. As
an implementation to consistently make best efforts to provide protection for the rights of Consumers
and also to comply with OJK Regulation No. 1/POJK.01/2013 concerning Financial Services Consumer
Protection, then also OJK Regulation No. 18/POJK.07/2018 concerning Consumer Complaint Services in
the Financial Services Sector and OJK Circular Letter No. 17/SEOJK.07/2018 concerning Guidelines for the
Implementation of Complaint Services in the Financial Services Sector, OJK Regulation No. 31/POJK.07/2020
concerning the Implementation of Consumer and Community Services in the Financial Services Sector By
the Financial Services Authority, the Company has provided various tools, including drafting consumer
protection policies, consumer complaints service policies and establishing a consumer complaint service
function. The Company's consumer complaint service function is headed by an official appointed by the
Board of Directors which is currently headed by the Head of Marketing Strategy & Customer Experience.
Consumer Complaint Service Report for 2023
Status of Completion
Type of Products and Category of Problems Not On
No Total (b) % Complete
Services (a) % Complete % Going %
(c)
(d) (e)
1 Consumer Finance Adira Quantum/kredit 3 0.01% 3 100% 0 0% 0 0%
2 Consumer Finance Adirapoin 2,680 12.94% 2,680 100% 0 0% 0 0%
3 Consumer Finance Adiraku Application 5,507 26.59% 5,507 100% 0 0% 0 0%
4 Consumer Finance Insurance 263 1.27% 263 100% 0 0% 0 0%
5 Consumer Finance Autodebit Danamon 65 0.31% 65 100% 0 0% 0 0%
Lebih Adira/Danamon
Auto Debit
6 Consumer Finance Change the name of 15 0.07% 15 100% 0 0% 0 0%
BPKB (Vehicle Owner
Book)
7 Consumer Finance Administrative costs 30 0.14% 30 100% 0 0% 0 0%
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and Analysis Responsibility
Status of Completion
Type of Products and Category of Problems Not On
No Total (b) % Complete
Services (a) % Complete % Going %
(c)
(d) (e)
8 Consumer Finance BPKB Deposit Fee 329 1.59% 329 100% 0 0% 0 0%
9 Consumer Finance Transaction Fee 225 1.09% 225 100% 0 0% 0 0%
10 Consumer Finance Fines/Penalties 1,210 5.84% 1,210 100% 0 0% 0 0%
11 Consumer Finance Failed of OTP PDK ACI 2 0.01% 2 100% 0 0% 0 0%
12 Consumer Finance Failed of PDK Adiraku 25 0.12% 25 100% 0 0% 0 0%
13 Consumer Finance Keday 5 0.02% 5 100% 0 0% 0 0%
14 Consumer Finance Adira Finance Quiz 9 0.04% 9 100% 0 0% 0 0%
15 Consumer Finance Services (systems and 789 3.81% 789 100% 0 0% 0 0%
procedures)
16 Consumer Finance Officer’s Service 943 4.55% 943 100% 0 0% 0 0%
17 Consumer Finance Early Repayment 312 1.51% 312 100% 0 0% 0 0%
18 Consumer Finance Online Payment 667 3.22% 667 100% 0 0% 0 0%
19 Consumer Finance ADMF Financing 1 0.005% 1 100% 0 0% 0 0%
through the Online
Shop
20 Consumer Finance Maxi Financing 227 1.10% 227 100% 0 0% 0 0%
21 Consumer Finance Unit Withdrawal 299 1.44% 299 100% 0 0% 0 0%
Handling
22 Consumer Finance Updating Consumer 5 0.02% 5 100% 0 0% 0 0%
Offering Media
23 Consumer Finance Fraud 32 0.15% 32 100% 0 0% 0 0%
24 Consumer Finance Consumer Data 823 3.97% 823 100% 0 0% 0 0%
Discrepancies
25 Consumer Finance STNK Renewal 48 0.23% 48 100% 0 0% 0 0%
26 Consumer Finance Durable Goods 16 0.08% 16 100% 0 0% 0 0%
(Electronic-Furniture)
ADMF
27 Consumer Finance Program Promotion 136 0.66% 136 100% 0 0% 0 0%
28 Consumer Finance Rate/Interest/Margin 16 0.08% 16 100% 0 0% 0 0%
29 Consumer Finance Restructuring 28 0.14% 28 100% 0 0% 0 0%
30 Consumer Finance Application Status 1,240 5.99% 1,240 100% 0 0% 0 0%
31 Consumer Finance Blacklist Status 378 1.83% 378 100% 0 0% 0 0%
32 Consumer Finance BPKB Status 236 1.14% 236 100% 0 0% 0 0%
33 Consumer Finance Important Document 70 0.34% 70 100% 0 0% 0 0%
Status
34 Consumer Finance Insurance Claim 265 1.28% 265 100% 0 0% 0 0%
Status
35 Consumer Finance Payment Status 3,512 16.96% 3.512 100% 0 0% 0 0%
36 Consumer Finance Vehicle Registration 240 1.16% 240 100% 0 0% 0 0%
37 Consumer Finance Total Billings 59 0.28% 59 100% 0 0% 0 0%
Total service data and settlement of consumer 20,710 100% 20,710 100% 0 0% 0 0%
complaints in 2023
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CORPORATE ETHICS • Drive one-self with optimal efforts to achieve
high performance standards;
To provide clearer guidelines to the Management • Build trusting relationships;
(including the Board of Commissioners, Board • Sensitivity to the cleanliness and health of the
of Directors and Sharia Supervisory Board) and work environment;
employees of the Company, the Company has • Always comply with company regulations and
a code of ethics/conducts that applies to all apply work discipline;
members of the Management and employees of • Improve and maintain the company's
the Company. reputation;
• Have respect for fellow employees or other
SOCIALIZATION AND CODE OF ETHICS parties regardless of rank and other measures.
ENFORCEMENT EFFORTS
This code of conduct is contained in the Things that must be considered in the application
Company Rules Book which is distributed to all of work discipline include:
Management and employees of the Company • Respect work time, arrive on time;
and is also available on the Company intranet. • Wear identification tag when in the office
An introduction and socialization to the environment;
Company’s code of ethics and corporate culture • Do not conduct trade transactions for
is given to all new employees of the Company. In personal interests during working hours so
addition, at least every 3 (three) years, the latest as to interfere with the smooth running of
update would take effect on December 28, 2023 work;
and has been socialized and distributed to all • Use office equipment only for work facilities;
employees of the Company. • Do not engage in any activity related to
illegal drugs, psychotropic substances or
Each employee will be given an updated booklet alcohol;
and required to sign a commitment statement • Comply with smoking bans in the work area;
to comply with the applicable code of ethics/ • Maintain order in the work atmosphere,
conduct. maintain cleanliness and good environment,
apply high awareness, for example by not
The Company's code of ethics is a standard of letting the phone ring continuously;
behavior that must be applied to all employees • Not behaving that leads to sexual offences.
in carrying out business activities including
interacting with stakeholders. Therefore, the Responsibilities as a Community Member
Company imposes an obligation to comply with As members of the community, all leaders
the Company's code of ethics for all employees, and employees are required to comply with
including the Board of Directors and the Board applicable laws, have high social sensitivity,
of Commissioners. maintain politeness norms and color daily
activities with moral ethics, especially when
THE MAIN POINTS OF CODE OF ETHICS communicating with other community
The main points of the Company's code of members.
ethics are as follows:
Norms of decency and moral ethics cannot be
Responsibilities as Part of the Company detailed in full because basically these things
The main responsibility as part of the Company have been known from our basic education as
is to support the achievement of the Company’s dignified social beings.
goals, among others by:
• Carry out duties and responsibilities with high
integrity and always uphold honesty;
• Have the ability to choose based on internalized
values;
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Prohibition of Accepting Gifts
All Company employees are prohibited from receiving money, goods, tips, commissions or other
facilities, either directly or indirectly from consumers, business partners or other parties that have
the potential to create a conflict of interest.
As the Company has done in previous years, the Company again conducts socialization of this
prohibition to all business partners, consumers and the public, through newspapers that have wide
circulation in Indonesia, namely through advertisements in the Kompas Daily Newspaper on the
April 12, 2023 as well as notification via electronic mail to all employees of the Company.
This step received a positive response from business partners and consumers, as evidenced by the
support given by most of the business partners to the Company by not giving gifts or presents as
well as reports of receiving gifts submitted to the Corporate Secretary.
Although the socialization of the prohibition on receiving gifts has been carried out widely and
continuously, the Company still found business partners who provide gifts/presents to the Company's
employees so that the Company feels the need to take other preventive measures, namely by
requiring every employee who receives gifts/gifts or other forms to return them. without limitation
the value or price of the gift/presents.
The list of gifts/presents received by the Company during 2023 is as follows:
No Receipient Sender Description
1 Khoirul Khotimah PT SPS Cookies
2 Erick Suherman BCA Syariah Grape
3 Shanty Fatimah BCA Syariah Grape
4 Tuti Finisia Bank Danamon Cookies
5 Rarasanti CV Wisnu Grafika Cookies
6 Shanty Fatimah Bank ANZ Indonesia Cookies
7 Rarasanti TX Travel Cookies
8 Febri Intan Utama Logistik Cookies
9 Shanty Fatimah PT DBS Bank Indonesia Cookies
10 Nyoman PT Mustika Eka Unggal Cookies
11 Tuti Finisia Bank BCA Cookies
12 Tania Neuso Sensum Cookies
13 Miranda PT Wahyu Orca Cookies
14 Shanty Fatimah Bank OCBC NISP Cookies
15 Rudi Wijaya PT Komplit Indonesia Cookies
16 Sugi PT Komplit Indonesia Cookies
17 Ronald Donna PT Komplit Indonesia Cookies
18 Krisdianto Manulife Cookies
19 Suwanto Manulife Cookies
20 Weldia Putra Manulife Cookies
21 Yusron Manulife Cookies
22 Nani Aviatour Cookies
23 Rarasanti Digital Printing Cookies
24 Prasetyo PT Tri Mandiri Sejati Cookies
25 Harfi PT Indorent Cake
26 Dodi Soewandi ICIO Community Beverage
27 Shanty Fatimah Maybank Cookies
28 Arining Tiyas BNI Cookies
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No Receipient Sender Description
29 Iskandar Zulkanaer ID Star Cookies
30 Fildzah Nadine ID Star Cookies
31 Pramono PT Scoring Technology Cookies
32 Shanty Fatimah Deutsche Bank AG Jakarta Cookies
33 Benny PT Dyandra Cookies
34 Rarasanti PT Indogold Makmur Sejahtera Cookies
35 Edy Salim PT Adicipta Inovasi Teknologi Cookies
36 Ronald Donna PT Cahaya Mahakarya Cookies
37 Muhammad Rusyidi PT Adicipta Inovasi Teknologi Cookies
38 Novita Acom Digital Kreasi Cookies
39 Imron Wahyu Acom Digital Kreasi Cookies
40 Rarasanti PT Surya Mandiri Mututama Cookies
41 Susan PT Surya Mandiri Mututama Cookies
42 Medina Annisa Gofar Hilman (Sekut Management) Cookies
43 Nurul Nurnenny PT Linskindo Makmur Cookies
44 Rarasanti ID Star Cookies
45 Ihsan Saeful ID Star Cookies
46 Adira Finance PT. Hino Motors Sales Indonesia Flower Board
47 Adira Finance Sahara Kafila (Umrah & Haji Khusus) Flower Board
48 Adira Finance Amazon Web Services Flower Board
49 Adira Finance PT. Asuransi Jiwa Manulife Indonesia Flower Board
50 Adira Finance Defenxor Flower Board
51 Adira Finance PT. Intan Utama Logistik Flower Board
52 Adira Finance PT. Resik Cemerlang Flower Board
53 Adira Finance PT. Smart Milenium Effisiensi Flower Board
54 Adira Finance PT. Isuzu Astra Motor Indonesia Flower Board
55 Adira Finance Tunas Auction Flower Board
56 Adira Finance CV Sabiq Motor (AXI Pekan Baru) Flower Board
57 Adira Finance Zurich Indonesia Flower Board
58 Adira Finance PT. Swadharma Sarana Informatika Flower Board
59 Adira Finance PT. Permata Express Tour & Travel Standing Pot
60 Adira Finance PT. Sejahtera Mitra Solusi Standing Pot
61 Adira Finance ASSA Rent Flower Board
62 Adira Finance PT. Telkom Indonesia (Persero) Tbk Flower Board
63 Adira Finance LPPI Flower Board
64 Adira Finance PT. Tunas Artha Gardatama Security Standing Pot
65 Adira Finance TOB Insurance Standing Pot
66 Adira Finance PT. NSA-911 Bunga Pot
67 Adira Finance PT. Infomedia Nusantara Flower Board
68 Adira Finance BAZNAS RI Flower Board
69 Adira Finance PT. Swapro International Standing Pot
70 Adira Finance PT. Telkom Indonesia (Persero) Tbk Flowers
71 Adira Finance ANTV, VIVA Group, TV One Flower Board
72 Adira Finance Mcladin Digital Indonesia Flower Board
73 Adira Finance PT. Adicipta Inovasi Teknologi Flower Board
74 Adira Finance PT. MS Kemakmuran Serang Banten Standing Pot
75 Adira Finance PT. Sarana Legalitas Indonesia Standing Pot
76 Adira Finance PT. Murni Solusindo Nusantara Standing Pot
77 Adira Finance Alibaba Cloud Flower Board
78 Adira Finance PT. Pitoe Sarana Informatika Flower Board
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No Receipient Sender Description
79 Adira Finance Index Print Flower Board
80 Adira Finance PT. Pitoe Sarana Informatika Standing Pot
81 Adira Finance PT. Maximum Digital Indonesia Flower Board
82 Adira Finance Zurich Asuransi Indonesia Standing Pot
83 Adira Finance BCA Syariah KC Samanhudi Standing Pot
84 Adira Finance PT. Asuransi Raksa Pratikara Standing Pot
85 Adira Finance Legoas Flower Board
86 Adira Finance VALDO Flower Board
87 Adira Finance Grab Indonesia Flower Board
88 Adira Finance Kompasiana Flower Board
89 Adira Finance PT. Zurich General Takaful Indonesia Flower Board
90 Adira Finance PT. Bank Mandiri (Persero) Tbk Flower Board
91 Adira Finance Surya Mandiri Mututama Gigas Helmet Flower Board
92 Adira Finance SimGroup Flowers
93 Adira Finance ARDI MAY Flowers
94 Adira Finance PT. Balai Lelang Caready Standing Pot
95 Adira Finance PT. Golden Rama Express Flowers
96 Adira Finance Kumala Group Standing Pot
97 Adira Finance PT. Crif Lembaga Informasi Keuangan Flower Board
98 Adira Finance Tanabang Motor, Indijaya Motor, Tigaraksa Motor Flower Board
99 Adira Finance PT. Bank Danamon Indonesia Tbk Flower Board
100 Adira Finance Ugrow Flowers
101 Adira Finance Honda Mitra Jaya Group Harvest Cake
102 Adira Finance Filantra Flower Board
103 Adira Finance PT. Bank Syariah Indonesia (BSI) Flower Board
104 Adira Finance JG Motor Group Standing Pot
105 Adira Finance PT. Bawana Margatama Standing Pot
106 Adira Finance PT. Mastersystem Infotama Tbk Flower Board
107 Adira Finance Google Cloud Indonesia Flower Board
108 Adira Finance OTO.co Flower Board
109 Adira Finance PT. Wahana Makmur Sejati Flower Board
110 Adira Finance Citto Standing Pot
111 Adira Finance PT. Integrasi Informatika Standing Pot
112 Adira Finance PT. Mahardika Teknotama Flowers
113 Rudy Widjaja Le Meridien Cookies & Ceramics
114 Niko Kurniawan B Le Meridien Cookies & Ceramics
115 Harry Latif Bintang Motor Grup Orange hampers
116 Niko Kurniawan B Bintang Motor Grup Orange hampers
117 Andy Sutanto Bintang Motor Grup Orange hampers
118 Chandra Hermanto Bintang Motor Grup Orange hampers
119 Ronald Donna PT.Impact Credit Solutions Cookies
120 Max Darmawan Manulife Cookies
121 Tjia Juliani Manulife Cookies
122 Andre Wibowo Manulife Cookies
123 Rudy Widjaja Manulife Cookies
124 Harry Latif Zurich Asuransi Ind Cake
125 Niko Kurniawan B Zurich Asuransi Ind Cake
126 Sylvanus Gani Zurich Asuransi Ind Cake
127 Perry Barman Maybank Cookies
128 Maria Sari dewi Maybank Cookies
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No Receipient Sender Description
129 Sylvanus Gani Pefindo Cookies
130 Didik Adins Orange
131 Miranti Hidajat PT. Antarajasa pembayaran elektronis Cookies
132 Inge Sugianti PT. Antarajasa pembayaran elektronis Cookies
133 Kaisar Zeges PT. Antarajasa pembayaran elektronis Cookies
Apart from the list of gifts/presents mentioned Fair Competition
above, most of the gifts/presents were successfully The Company supports fair business competition
returned by the Company's business networks, in carrying out all of its business activities. All
divisions or functional departments at the Head business activities and employee activities must
Office. The return of the gift/presents is done by be based on fair competition and based on ethics.
giving understanding to the sender so that the In order to carry out sound business activities, the
business relationship that has been established Company always makes various statements, both
well and closely so far can continue. related to products, services and other activities in
the form of advertisements, news or other forms.
Nepotism Employees are required to make every effort to
There is Prohibition of involving oneself in making ensure that these statements are implemented
decisions on a transaction, if the employee has and realized in accordance with what has been
a sibling relationship with business partners, disclosed because these statements can affect the
consumers or other employees involved in reputation and growth of the Company.
the transaction. If the employee has a family
relationship with another employee, then the CONFLICT OF INTEREST MANAGEMENT
employee concerned is required to report to the AND RELATIONSHIPS WITH RELATED
Human Resources & General Affairs Division which PARTIES
will regulate the matter so that there is no conflict To prevent conflicts of interest, as stipulated
of interest. in the Financial Services Authority Regulation
No. 20/POJK.04/2020 dated July 1, 2020 regarding
Personal Business Affiliated Transactions and Conflicts of Interest
Activities related to personal business must be Transactions, the Company's Articles of Association
avoided because they will interfere with work has regulated several provisions to prevent
activities in the office and have the potential to conflicts of interest, including:
misuse office facilities for personal gain. • Article 12 Paragraph 9 of the Company's Articles
of Association stipulates that if the Company
Confidentiality has interests that conflict with the personal
Every employee is required to keep all Company interests of a member of the Board of Directors,
information confidential, including the Company's the other members of the Board of Directors
plans and strategies, consumer information, are entitled to represent the Company. If the
financial information, operational activities Company has interests that are different from
and other information deemed important by the interests of all members of the Board of
the Company. This obligation arises since the Directors, the Company will be represented by
employee is still in the training period, which is the Commissioners;
continued while working at the Company and • Article 13 Paragraph 10 letter b of the Company's
after not becoming an employee of the Company. Articles of Association stipulates that members
of the Board of Directors who have an interest
in a transaction, contract or proposed contract
are not allowed to participate in voting on
matters relating to the transaction, unless
the Board of Directors Meeting determines
otherwise;
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• Article 16 paragraph 10 letter b of the Company's Articles of Association stipulates that members of the
Board of Commissioners who have an interest in a transaction, contract or proposed contract, are not
allowed to participate in voting in relation to matters relating to the transaction, unless the Board of
Commissioners Meeting determines other.
CODE OF CONDUCT STATEMENT APPLIES TO ALL LEVELS OF THE ORGANIZATION
The Company always anticipates the possibility of a conflict of interest in every transaction that
will be carried out, including by implementing the Guidelines for Good Corporate Governance, in
which there are provisions to prevent conflicts of interest from occurring. This guideline applies to
employees, senior officers, the Board of Directors and the Board of Commissioners of the Company
without any exceptions.
In addition, in conducting its business, to prevent conflicts of interest, the Company has adopted a
policy to use the services of an independent appraiser and consultant to conduct an independent
assessment of transactions to be carried out between parties having a special relationship with the
Company, which may have concerns for a conflict of interest.
The table below describes transactions containing conflicts of interest carried out by the Company during
2023:
Name & Position with Name & Position of
No. Type of Transaction Description
onflict of Interests Decision Maker
- - - - -
PREVENTION OF INSIDER TRANSACTIONS All items and the nature of transactions have
In carrying out its operational activities, Adira been disclosed in Note 36 of the Audited
Finance conducts transactions with parties that Financial Statements as of and for the year ended
have a special relationship, namely parties that December 31, 2023. The special relationship may
have a direct or indirect relationship with the result in the treatment of the transaction being
ownership or management of the Company, as different from other transactions conducted
referred to in Statement of Financial Accounting with unrelated parties. special.
Standards No. 7 and Regulation of the Financial
Services Authority (formerly Bapepam and GRATUITY CONTROL
LK) No. VIII.G.7 concerning Presentation and To control gratuities, the Company has
Disclosure of Financial Statements of Issuers implemented policies, among others, in the
or Public Companies. Types of transactions Corporate Governance Guidelines, Code of Ethics
with affiliated parties include financing and other Company policies, which in principle
cooperation, placement of funds in demand the Company prohibits the giving or receiving
deposits and time deposits, dealer debt, of gifts and/or entertainment to or from other
consumer financing acquisition costs, equity parties as compensation and/or expressions of
participation, consumer financing, consumer sympathy. interpersonal relationships related to
financing vehicle insurance cooperation and work and/or position.
bond purchases.
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Page 394
ANTI-CORRUPTION POLICY Complaint Management [GRI 2-26]
The Adira Finance Whistleblowing Service is
Programs and Procedures managed by the Violation Handling Committee
The Company has an Anti-Corruption Policy which appointed by the Board of Directors to carry out
is prepared with the aim of providing information Management of the Whistleblowing System at
and guidance for parties working for and on Adira Finance, including conducting preliminary
behalf of the Company regarding procedures reviews of complaints/disclosure of violations.
for identifying, communicating, and dealing These personnel are directly responsible to
with corruption issues. Based on this policy, the the Board of Directors and are professionally
Company prohibits bribery and corruption in any assisted by the Whistleblowing System
form. This policy is also stated in writing in the Administration Consultant, especially regarding
Company's Code of Conduct. the administration of reporting complaints/
disclosures, and have firm follow-up so that it
Anti-Corruption Training/Socialization is expected to be able to prevent and detect
The Company strives at all times to increase the potential violations or fraud in Adira Finance since
awareness of management and all employees to early on, and can have a deterrent effect on would-
participate in preventing and avoiding corrupt be offenders.
practices, including by conducting blast e-mail
socialization on Anti-Corruption and the Policy Complaint Submission Procedure
on Code of Conduct, socializing the prohibition of A whistleblower may submit his/her report for
receiving or giving gratuities, and implementing each complaint on violation or fraud through:
anti-fraud programs to all employees. Website : https://www.adira.co.id
E-mail : adira-wbs.info@kpmg.com.sg
Whistleblowing System SMS and Whatsapp : +62 811 8493 663
As a manifestation of its commitment, Adira Surat : KPMG Siddharta Advisory
Finance implements the Whistleblowing Wisma GKBI Lt 35
System in order to provide opportunities to all Jl. Jend Sudirman 28
stakeholders of Adira Finance, independent Jakarta 10210
parties and third parties to submit reports on Attn. KPMG EthicsLine
alleged violations of good Corporate Governance
principles, as well as applicable ethical values,
based on the evidence that can be accounted
for and with good intentions for the benefit of
Adira Finance.
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Complaint Handling Procedure Committee. If not proven or completed, the
a. The administrators of Violation Reporting Complaint/Disclosure report will be closed.
System receive and filters the Complaints/ If the Complaint/Disclosure is proven or
Disclosure report received to find early requires followup, it will be coordinated with
indication or in accordance with the reporting the relevant divisions concerning sanctions or
criteria of the Violation Reporting System and forwarded to the investigator to be processed
can be followed up. If “YES”, the Complaints/ further in accordance with prevailing rules
Disclosure report will be forwarded to the and regulations as well as necessary remedial
Violation Handling Committee. If “NO” then measures;
the process of Violation Reporting System is d. Reporting to the Board of Directors on
complete; summary cases reported and followed up is
b. The Violation Handling Committee receives done at least once a year;
a report from the Administrator of Violation e. The entire investigation process for
Reporting System and conducts a preliminary complaints/disclosures shall be supported by
investigation of the Complaint/Disclosure valid working papers;
to determine whether further investigation f. The management procedures on Complaints/
by the Internal Investigator and/or External Disclosure through the Violation Reporting
Investigator will be conducted; System is carried out in accordance with
c. The Investigator Team (Internal Investigator established guidelines;
and/or External Investigator) conducts a follow- g. The entire process of the Complaint Reporting
up investigation of the Complaint/Disclosure System must be well documented and reliable
and reports the results to the Violation Handling (accountable).
Complaints They are analyzed to be followed
via up or not
Website, Email, SMS, WhatsApp, Letter
Yes No
Documentation
Preliminary Complaint
Advanced Investigation Handling
Investigation
Committee
Performed
Pe
N rm
rf
ot e
o
d
Complaint Handling Board of
Report Report Directors
Committee
Sanction & Improvement
Related Divisions
Action
Protection for Whistleblower
In accordance with the Company’s policy, the confidentiality and security of the party that reports any
violation or fraud will be protected. The identity of the reporting party is known only to the administrators
of complaint system and the Board of Directors.
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Complaints and Follow-Up
In 2023, the number of incoming complaints and their follow-up processes can be seen in the table below:
Number of
No. Complaint Status Total Case Employees Sanction
Involved
1. Complaints that were forwarded for 8 -
investigation:
a. In processs: 1 -
b. Completed: 7 -
- Violations are evident: 4 11 Termination : 3
First and Last Reprimand Letter : 7
1 Reprimand Letter : 1
st
- No violation is evident: 3 -
2. Complaints that were not forwarded 9 -
fro investigation (due to insufficient or
lack of evidence)
Dissemination
In 2023, in order to provide understanding to all stakeholders, the Company has conducted dissemination,
either through direct meetings, Company’s website, internal portal, or social media.
Violation Handling Guidelines
To deal with every violation of the code of conducts committed by employees, Management has prepared
written provisions regarding guidelines for handling violations. The guidelines regulate the handling
of violations committed by employees which are handled by the employee's direct supervisor, Human
Resources & General Affairs Division and the Legal Division. Every process of handling violations is always
reported to the Board of Directors and also submitted to the Internal Audit Unit, Legal Division and Human
Resources & General Affairs Division. This provision has been conveyed and socialized to all employees,
both at the Head Office and throughout the Company's business network.
Number of Code of Conduct Violation in 2023:
Violation Number Sanction
Level I Violation 6,494 Written reminder
Level II Violation 4,950 Reprimand Letter I
Level III Violation 170 Reprimand Letter II
Level IV Violation 35 Reprimand Letter III
Level V Violation 822 First and Last Reprimand Letter
Level VI Violation 272 Suspension/Termination
FRAUD CONTROL
Fraud is an act of deviation or omission that is intentionally carried out to deceive, misleade, or manipulate
the Financing Company, Debtor, or other party, which occurs within the Financing Company and/or
uses the facilities of the Financing Company, resulting in the Financing Company, Debtor, or other party
to suffer losses and/or the fraud perpetrators to obtain financial benefits, either directly or indirectly.
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Aspects of Fraud Control 5. Monitoring and evaluation of fraud
Fraud control at Adira Finance involves the events and implementation of periodic
following aspects: follow-up.
1. Active supervision by the Management 6. Development of effective
a. Fraud control at Adira Finance is carried communication lines at the Company’s
out thoroughly by the Board of Directors, internal so that all organizational levels
which as the person in charge of the anti- understand and obey the prevailing
fraud function is the President Director policies and procedures, including
who concurrently serves as Director of Risk policies for fraud control.
Management. c. The Board of Commissioners of Adira
b. In performing his/her duties, the person in- Finance is responsible for regularly
charge for the anti-fraud function has the monitoring the fraud control.
authorities, duties, and responsibilities as
follows: 2. Organization structure and accountability
1. Development of culture and concern to To implement anti-fraud strategies and
anti-fraud at all organizational levels. programs, the Company established a Fraud
2. Formulation and supervision of code Control Function and has appointed the
of ethics for preventing fraud to all President Director as the person in charge/
organizational levels. Head of the Fraud Control Function.
3. Formulation and supervision of the
implementation of anti-fraud strategies. In performing his/her duties, the Head of the
4. Development of human resources Fraud Control Function is assisted by the Head
quality, particularly related to the of Operational Risk Management and other
improvement of concern and fraud units.
control.
The organization of Adira Finance’s Fraud Control Function is as follows:
President Director
Head of Fraud Control
(Head of Risk Management)
Vice Head of Fraud Control
(Head of Operational Risk
Management)
Non-Permanent
Permanent Member
Member of Fraud
of Fraud Control
Control
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3. Control and Monitoring Anti-Fraud Strategy
The Company continuously controls and On April 30, 2019, the Company has authorized the
monitors the fraud to improve the effectiveness anti-fraud strategies as outlined in the Policy and
of internal control system. Framework of Fraud Management.
The steps in controlling and monitoring fraud The anti-fraud strategy at Adira Finance consists
are as follows: of four main components, namely:
a. Implementation of control policies and 1. Prevention
procedures, particularly intended for fraud In applying the fraud prevention strategies,
control; the Company implements policies in the five
b. Control through review both by the components of internal control framework, i.e.,
management (top level review) and control environment, risk assessment, control
functional review by the internal audit for activities, information & communication, and
the implementation of anti- fraud strategies; supervision.
c. Control in human resources intended to
improve the effectiveness of implementation 2. Detection
of the duties and fraud control; The measurement, process, and detection
d. Separation of function in the Company’s activities must be used to identify fraud actions
activities at all organizational levels, such that occur and/or have occurred in order to
as separating the function of each part so mitigate further exposure.
that each party related to the activity does
not have the chance to conduct and hide a The fraud detection strategies by units
fraud; handling fraud risks include (but not limited
e. Information system control that supports to):
the maintenance, storage, and security of a. Detection system using the formula-based
electronic data to prevent any potential rules to identify uncommon transaction
fraud; and patters or uncommon consumer
f. Other controls in fraud control, such as transactions;
physical asset control and documentation. b. Effective sampling strategies and they are
done continuously to detect frauds. The
4. Education and Training [GRI 205-2] strategies can be done by anti-fraud units;
In terms of education and training, the c. Detection process using the similarity of
Company has education and training plan for identity or data. The strategies can be done
employees involved in the implementation of by the anti-fraud unit, unit conducting
anti- fraud strategies. credit process, HCGA during the screening
of employee candidates, anti-money
The education and training plan consists of: laundering unit, and the units related to the
a. Education and training that is based on the agency/third party approval process and
Company’s needs and complexity of the others;
Company’s business organization; and d. The implementation of KYC process and
b. Stages and time of implementation of at comprehensive credit analysis at various
least twice a year and/or adjusted to the points of consumer contact to detect the
program by Adira Corporate University. fraud practice/process to mitigate losses.
The strategies are performed by controlling
unit at the support function, money-
laundering control unit, and sales unit; and
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e. The fraud detection process using several The sanction policies to give a deterrent
activities, such as revisit/resurvey, mystery effect for the fraudsters at the Company are
call, call back, post sales call, and surveillance implemented transparently and consistently,
system. The strategies can be done by anti- which at least covers:
fraud unit and other related parties at the • Sanction imposition mechanism; and
Head Office. • The party authorized to impose sanctions.
In the implementation of fraud detection 4. Monitoring, Evaluation, and Follow Up [GRI 205-1]
strategies, review and development of In order to follow up the investigation result
detection parameter is regularly done to on fraud cases, every working unit that is
adjust with the developing trend and/or coordinated by the anti-fraud unit must
changes in the process and procedures that monitor, evaluate, and follow up the fraud cases,
are exposed to the fraud risk. The parameters including monitoring the implementation of
are documented and discussed by the National the sanction determined and monitoring the
Fraud Management at PT Bank Danamon corrective actions conducted on such cases.
Indonesia Tbk as the Company’s majority The follow-up actions of the recommendation
shareholders that have many experiences for correction by the working units will be
related to fraud control program. monitored by Operational Risk Management
cq. Anti-Fraud Management.
3. Investigation (including Recovery), Reporting
and Sanction The anti-fraud control strategies and
The Fraud Control function and/or Internal implementation of policies are evaluated
Audit and/or Head of Region review and and monitored continuously and regularly.
investigate the factors causing the fraud and The fraud control and monitoring is one of
put their best effort to obtain the fraud losses the important aspects of the Company’s
back after being calculated and proven. internal control system in order to support
the effectiveness of the anti-fraud strategy
The activities in the recovery include as follows implementation. The fraud monitoring must
(but not limited to): be completed with sufficient information
a. Performing billing process to recover the system in accordance with the complexity and
losses; the fraud risk level at the Company.
b. Submitting the cases to the anti-fraud unit
and/or related parties at the Head Office The activities of monitoring, evaluation, and
to follow up and recover Adira Finance’s follow up are as follows:
Losses, and reported to the law enforcer (if a. Performing monitoring on the follow up
necessary); of the fraud cases by considering the
c. Striving for the replacement of losses Company’s internal provisions and laws and
through a third party, such as insurance, or regulations;
other vendors related to the fraud events.; b. Maintaining the fraud profiling to support
and the evaluation; and
d. Where the obligation for replacement c. The follow-up mechanism to avoid any
applies, use the compliance program from fraud events being repeated at least must
the association to obtain a replacement include the following steps to:
from a third party. 1. Improve the weakness; and
2. Strengthen the Company’s internal
The reporting mechanisms of fraud events are control system.
done to internal and external parties of the
Company.
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Adira Finance always ensures the comprehensive implementation of anticorruption and anti-fraud
initiatives within the Company. In 2023, the Company has carried out various initiatives to strengthen the
precautionary approach to the risk of corruption and fraud, including by strengthening the anticorruption
culture through routine socialization throughout our operational network and implementing improvements
to work systems and procedures aimed at eliminating opportunities for corruption or fraud.
During the year, we conducted 7 times training sessions in anti-corruption and anti-fraud, with a total of
2,936 employees, from staff level up to Regional Head. [GRI 205-2]
In addition to these promotive initiatives, Adira Finance has set up general policies to take firm action
against all acts of corruption and fraud, including the dishonorable dismissal of persons who have been
proven and reporting them to the authorities for processing in accordance with applicable laws and
regulations.
Number of fraud cases in 2023: [GRI 205-3]
Number of Fraud Perpetrated by:
Permanent Non-Permanent
Total Fraud Management Non-Employee
Employee Employee
2023 2022 2021 2023 2022 2021 2023 2022 2021 2023 2022 2021
Total number of fraud 0 0 0 709 555 537 0 0 0 404 298 188
Settled 0 0 0 709 555 537 0 0 0 404 298 188
In-progress 0 0 0 0 0 0 0 0 0 0 0 0
No solution has been given 0 0 0 0 0 0 0 0 0 0 0 0
Followed up by legal process 0 0 0 0 0 0 0 0 0 0 0 0
The Company’s potential loss in 2023 (without calculating the recovery obtained to save the Company's
assets) was approximately IDR37.34 bilion, with no fraud having significant negative impact to the
Company.
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COMPANY’S LEGAL ISSUES
To the best of the Company's knowledge, up to the date of the issuance of this annual report, the Company
has faced several legal cases and/or claims from third parties with immaterial value. As for the members of
the Board of Commissioners and/or the Board of Directors of the Company, to the best of the Company's
knowledge, until the issuance of this annual report, there are no claims from third parties or parties
involved in legal cases.
Principal and Status of Legal Issues
Legal cases in civil, criminal, PTUN, consumer protection, and others involving the Company in 2023 as a
party are as follows:
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
DISTRICT COURT/ISLAMIC COURT (PN/PA)
1 District Court 37/Pdt. Plaintiff Defendant District Adira Finance Branch filed 417,030,696
Cikarang Eks/2022/ (Muhammad Faizal) Court a request for Fiduciary
PN.Ckr Execution against the debtor
on behalf of Muhammad
Faizal. The debtor is in arrears
and the unit is still in the
debtor's possession and is
not willing to surrender the
collateral unit.
2 District Court No.339/ Defendant Plaintiff District Unlawful Act (PMH) 75,000
Bekasi Pdt.G/2023/ Court
PN Bks Adira Finance was sued by
the debtor/plaintiff because
the debtor/plaintiff did not
accept the storage fee of
BPKB.
3 District Court 109/ Defendant Plaintiff District Unlawful Acts (PMH) 200,000,000
Jambi Pdt.G/2023/ Court
PN Jmb Adira Finance was sued by
the Debtor/Plaintiff due
to the Debtor refusing
to surrender the vehicle
and not being able to pay
installments.
4 District Court 862/ Defendant Plaintiff District Unlawful Acts (PMH) 62,555,000
Tangerang PDT.G/2023/ Court
PN Tng Adira Finance was sued by
NGO Ferari over a standard
agreement clause
5 District Court 396/ Defendant Plaintiff District Unlawful Acts (PMH) 1,281,940,800
Jakarta Barat Pdt.G/2023/ Court
PN.Jkt.Brt Adira Finance was sued
by a debtor named Iwan
Hartono regarding Adira
Finance's police report
against the plaintiff for
allegedly transferring the car
body of the financing unit
(Dump Truck) without Adira
Finance's knowledge.
6 District Court 81/Pdt.G/2023/ Defendant Plaintiff District Unlawful Acts (PMH) 105,975,000
Padang PN.Pdg Court
Adira Finance was sued by
debtor Wanda Pratama
(represented by Gandoriah
Law Office) regarding
the default clause of
the agreement and the
withdrawal of the collateral
unit.
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Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
7 District Court 558/ Defendant Plaintiff District Unlawful Acts (PMH) 30,000,000
Jakarta Barat Pdt.G/2023/ Court
PN.Jkt. Adira Finance was sued by
the Debtor on behalf of Ilham
Romadhona and Shintya
Maelani regarding the
Default Clause of Agreement.
8 District Court 51/Pdt.G/2023/ Defendant Plaintiff District Unlawful Acts (PMH) 332,975,353
Gunung Sugih PN. Gns. Court
Adira Finance was sued
by Debtor in the name of
Herlinawati (represented by
Edi Dwi Nugroho & Partners)
regarding the Default Clause
of Agreement.
9 District Court 131/ Defendant Plaintiff District Unlawful Acts (PMH) 57,500,000
Serang Pdt.G/2023/ Court
PN.Srg Adira Finance was sued by
Mukhlis, S.kom regarding
the issue of withdrawal of
collateral units by Adira
Finance.
10 District Court 36/ Defendant Plaintiff District Unlawful Acts (PMH) 439,138,921
Tebing Tinggi Pdt.G/2023/ Court
PN Tbt Adira Finance was sued
by Debtor in the name of
Darman regarding Debtor's
objection to Adira Finance's
collection of overdue
installment payment
obligations.
11 District Court 133/ Defendant Plaintiff District Unlawful Acts (PMH) 294,774,000
Serang Pdt.G/2023/ Court
PN.Srg, Adira Finance was sued by
Romin, S.Pdi. regarding the
issue of the Standard Clauses
of Agreement
12 District Court 1078/ Defendant Plaintiff District Unlawful Acts (PMH) 88,960,000
Tangerang Pdt.G/2023/ Court
PN Tng Adira Finance was sued
by Rohman regarding
the Standard Clause of
Agreement
13 Disctrict Court 134/Pdt. Defendant Plaintiff District Lawsuit against Karawang 38,000,000
Karawang Bth/2023/PN Court District Court decision no 333/
Kwg Pid.B/LH/2022/PN Kwg
14 District Court 137/ Defendant Plaintiff District Unlawful Acts (PMH) 263,148,209
Kotamobagu Pdt.G/2023/ Court
PN.Ktg. Adira Finance was sued by
YLPK-RI over the Standard
Clause of Agreement
15 District Court 152/ Defendant Plaintiff Unlawful Acts (PMH) 54,132,399
Serang Pdt.G/2023/
Pn.Srg Adira Finance was sued by
the Plaintiff (Debtor) over
the Standard Clause of
Agreement
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Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
16 District Court No.1000/ Defendant Plaintiff District Unlawful Acts (PMH) 2,760,000,000
Jakarta Selatan Pdt.G/2023/ Court
PN.Jkt.Sel Adira Finance was sued
by Debtor an Wulantari
Kamiswari represented by
Edy Tj & Suhendar Law Firm,
Paralegal of Indonesian
Law Institute, Lawyer &
Legal Consultant Office
(Plaintiff) regarding the
Standard Clause of Financing
Agreement and Underhand
Agreement in relation to
Fiduciary registration.
17 District Court 105/ Defendant Plaintiff District Adira Finance was sued by 38,093,000
Banjarmasin Pdt.G/2023/ Court the Plaintiff in relation to
PN Bjm the Application of Standard
Clauses in the Agreement.
18 District Court 161/ Defendant Plaintiff District Unlawful Acts (PMH) 200,000,000
Jambi Pdt.G/2023/ Court
PN Jmb Adira Finance was sued
by the Plaintiff (Debtor in
the name of DWI ATINA
MUHAIMA) where the
Debtor refused to hand
over the vehicle and has
not been able to carry out
the obligation to pay the
outstanding installments and
the Debtor did not accept
the Police Report by Adira
Finance regarding Fiduciary
Embezzlement.
19 PN Banjarmasin 3/Pdt.Eks/ Pemohon Termohon District Adira Finance filed an 419,895,724
Fidusia.2023/ Court application for execution
PN Bjm of fiduciary guarantee to
Banjarmasin District Court.
20 District Court 27/ Defendant Plaintiff District Unlawful Acts (PMH) 105,000,000
Solok Pdt.G/2023/ Court
PN. Slk. Adira Finance was sued by
Aditya Dwifandi (3rd Party)
(represented by Yusri Yance,
SH and Partners) regarding
the withdrawal of the
collateral unit of Debtor in the
name of Aidil Fitria which was
in the hand of the Plaintiff
and it was found that there
were double BPKBs of the
collateral unit. One was with
the Plaintiff and the other
was with Adira Finance.
21 District Court 21/Pdt.G/2023/ Defendant Plaintiff District Unlawful Acts (PMH) 105,480,000
Rangkasbitung PN.Rkb Court
Adira Finance was sued
by Yaperma (Attorney for
Jujun Julaela (wife of Debtor
Asep Supartama) regarding
the Default Clause of the
Agreement.
22 District Court 20/ Defendant Plaintiff District Unlawful Acts (PMH) 63,894,000
Rangkasbitung Pdt.G/2023/ Court
PN.Rkb Adira Finance was sued
by Yanperma regarding
the Standard Clause of the
Agreement
23 District Court 743/ Defendant Plaintiff District Adira Manado was sued by 11,000,000
Manado Pdt.G/2023/ Court Debtor Diana Maria Tumiwan
PN Mnd. through LPKRI in connection
with Adira's Police Report
at Minahasa Police Station
concerning the alleged
embezzlement of fiduciary
security objects committed
by the Debtor.
399
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 404
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
24 District Court 1294/ Defendant Plaintiff District Unlawful Acts (PMH) 58,650,000
Tangerang Pdt.G/2023/ Court
PN.Tgn Adira Finance was sued
by NGO Perari (Attorney
for Plaintiff Erma Yunita)
regarding the Standard
Clause of the Agreement
25 District Court 1144/ Defendant Plaintiff District Unlawful Acts (PMH) 413,685,460
Jakarta Selatan Pdt.G/2023/ Court
PN.Jkt.Sel Adira Finance was sued by
HR & Partners (Plaintiff's
Attorney) regarding the
Standard Clause of the
Agreement
26 District Court 82/ Plaintiff Defendant District Adira Finance filed a simple 337,321,726
Manado Pdt.G.S/2023/ Court lawsuit against Debtor
PN Mnd Arichandra Hinta with default
lawsuit.
27 District Court 769/ Defendant Plaintiff District Unlawful Acts (PMH) 550,000,000
Manado Pdt.G/2023/ Court
PN Mnd. Adira Finance was sued by
the Plaintiff due to Adira
Finance's actions in reporting
the Plaintiff to the Police
regarding the transfer of the
fiduciary collateral unit.
28 District Court 125/ Defendant Plaintiff District Unlawful Acts (PMH) 34,800,000
Pematangsiantar Pdt.G/2023/ Court
PN Pms Adira Finance was sued
by the late debtor's family
because Adira Finance
rejected the late debtor's
family's request to write off
the late debtor's financing
debt obligations and
requested that the late
debtor's financing facility be
considered paid off.
29 Islamic Court 3327/ Defendant Plaintiff Islamic Unlawful Acts (PMH) 30,000,000
Serang Pdt.G/2023/ Court
PA.Srg Adira Finance is sued by
NGO Yaperma over Standard
Agreement Clauses
30 District Court 46/ Defendant Plaintiff District Unlawful Acts (PMH) 103,165,000
Lubuk Basung Pdt.G/2023/ Court
PN. Lbb. Adira Finance was sued by
the Debtor/Plaintiff because
the Debtor/Plaintiff objected
to the withdrawal of the
collateral unit, where the
Debtor had failed to fulfill the
obligation to pay the overdue
installments for 3 months.
COURT OF APPEALS (PT)
1 District Court 880/ Defendant/ Plaintiff/Appellant Court of Unlawful Acts (PMH) 66,464,000
Tangerang Pdt.G/2023/ Respondent Appeals
PN.Tng Appellant Adira Finance was sued by
NGO Ferari over standard
agreement clause
400
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 405
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
2 District Court 77/Pdt. Defendant Plaintiff Court of Adira Branch was sued by 354,293,370
Airmadidi Bth/2023/PN Appeals the Plaintiff (wife of Debtor
Arm Moniy Altje Tulung) who filed
a challenge to the Decision
of Case No. 10/Pdt.Eks.
Fidusia/2022/PN.Mnd which
had stipulated Execution
of Confiscation against the
fiduciary collateral object
unit with Debtor in the name
of Ferry Gideon Wuisan
(Plaintiff's husband).
SUPREME COURT (MA)
1 District Court 278/ Defendant/ Plaintiff/Appellant/ Supreme Unlawful Acts Case (PMH) 1,312,818,878
Kupang Pdt.G/2021/ Respondent Appellant in Court
PN Kpg Appellant/ Cassation (Bobby Adira Finance was sued by
Respondent Hartono Tantoyo) the Debtor, Bobby Hartono
in Cassation Tantoyo, who assumed
that the collateral unit
should have been executed
by a fiduciary instead of
criminalizing the Debtor.
In its petitum, the debtor
requested that the execution
of the unit be carried out
through the execution of
the fiduciary security object
based on the fiduciary
certificate and asked Adira
to revoke the report at the
NTT Regional Police. Adira
reported the debtor to the
NTT Regional Police for
alleged fraud and forgery of
BPKB documents.
2 District Court 167/ Defendant 3/ Plaintiff/ Supreme Unlawful Acts (PMH) 120,326,344
Padang Pdt.G/2021/ Terbanding/ Terbanding/ Court
PN.Pdg Appellant in Respondent in Adira Finance as the 3rd
Cassation Cassation (Rahmat Defendant was sued by
Solihin) the customer Rahmat
Solihin. The plaintiff
objected because the 1st
Defendant, after receiving
the repayment/disbursement
money from Adira Finance,
did not hand over the money
to the plaintiff (debtor). The
2nd Defendant controlled the
unit owned by the plaintiff.
The 3rd Defendant approved
the financing process
planned by 1st Defendant.
3 District Court 247/pdt. Defendant/ Plaintiff/ Supreme Unlawful Acts (PMH) 387,900,000
Manado Bth/2020/ Appellant Appellant/Appellant Court
Pn. Mnd Respondent/ in Cassation Adira Finance was sued in
Respondent (Karel Bangko SH) relation to the Standard
in Cassation Clause of the Agreement. The
plaintiff, who was the debtor
in the name of Karel Bangko,
objected because he felt that
he had not received a copy
of the contract, insurance
policy number and vehicle
registration certificate, and
at the time of issuing the
fiduciary deed a notary was
not present, so for this reason
the plaintiff did not know the
contents of his agreement
with Adira Finance.
401
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 406
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
4 District Court 12/Pdt.G/2022/ Defendant/ Plaintiff Appellant Supreme Unlawful Acts (PMH) 275,048,000
Gorontalo PN Gto Appellant/ Respondent/ Court
Respondent Appellant in Adira Finance was sued by
in Cassation Cassation the Debtor's heirs, where the
(Kasma) Debtor died due to illness,
and the debtor was not
included in the insurance
coverage because it had not
passed the waiting period
for the validity of the policy
(died before 3 months after
the contract in PPD), so the
status of insurance was no
claim because the provisions
in the policy were not fulfilled.
The debtor's wife had made
a complaint to BPSK, then
Adira wrote a letter to BPSK
which essentially rejected the
settlement of the debtor's
dispute with the Company
through BPSK based on the
jurispridency of the Supreme
Court's decision.
5 District Court 6/Pdt. Defendant/ Plaintiff/ Supreme Adira Finance received a 199,918,323
Kasongan Bth/2022/PN. Appellant/ Respondent Court summons on the Execution
Ksn Respondent Appellant/Cassation Counterclaim between
in Cassation Applicant (Yeni Debtor in the name of Yeni
Agustin Asmin) Agustin Asmin (represented
by Nie Law Firm, SH &
Partners).
In the lawsuit, the Plaintiff
disputed:
1. Standard clause.
2. That there was no
agreement between the
Debtor and the Creditor
that a default had occurred
and that the unit was
handed over voluntarily..
3. That the Fiduciary
Execution Application
filed by PT Adira Finance
is premature because
the Debtor has not been
declared in Default by a
Court that has permanent
legal force and the Debtor
as well. So that the
Debtor and his Attorney
filed a Counterclaim and
requested to postpone or
stop the implementation
of the Fiduciary execution
before the Court's decision
has permanent legal force.
6 District Court 139/Pdt.Sus- Defendant/ Plaintiff/Respondent Supreme Adira Finance received a PHI 31,000,000
Medan PHI/2022/PN Cassation in Cassation Court lawsuit from former Medan
Mdn Applicant (Edward Jhon Fiter Branch 3 employee because
Simbolon) he did not accept being laid
off. Chronology: Employee
committed fraud by
falsifying customer data and
photos. Demand of former
employee (SO) Edward Jhon
Fiter Simbolon to Adira
amounted to Rp31 million.
However, Adira was only
able to pay Rp6,000,000 as
recommended by the Medan
City Manpower Office but the
former employee (SO) did not
accept it.
402
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 407
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
7 District Court 174/ Plaintiff/ Defendants/ Supreme Unlawful Acts (PMH) 1,170,912,471
Jayapura Pdt.G/2021/ Appellant Appellant: Dealer Court Adira Finance filed an
Pn.Jap Respondent Langgeng Sejati, Unlawful Acts (PMH) lawsuit
Hadi Mutono (Owner against Langgeng Sejati, Hadi
Langgeng Sejati) Mutono (Owner of Langgeng
and Dominggus Sejati) and Dominggus.
8 District Court 85/ Defendant Plaintiff Supreme Unlawful Acts (PMH) 331,483,000
Gorontalo Pdt.G/2022/ (Jakaria Pou ) Court
PN.Gorontalo Adira Gorontalo received a
civil matter Unlawful Acts
lawsuit from plaintiff Jakaria
Pou due to the withdrawal of
restructured unit.
9 District Court 167/ Defendant Plaintiff Supreme Unlawful Acts (PMH) 225,767,887
Depok Pdt.G/2022/ (HR. Magdalena Court
PN.Depok Pasaribu)/Appellant HR. Magdalena Pasaribu filed
in Cassation a lawsuit in Depok District
Court against the execution
of Fiducia of WULLING/
CORTEZ 1.5C collateral unit
No.POl B1389ERS in Depok
District Court, as well as
objecting to the issuance
of a restructured financing
agreement that was not in
accordance with the actual
conditions.
10 Disctrict Court 164/ Defendant Plaintiff Supreme Unlawful Acts (PMH) 350,000,000
Serang Pdt.G/2022/ (Hj Ida Ruaida, Court
PN.Srg S.Sos,.M.SI) Adira Finance was sued by
Debtor Serang Mobil on
behalf of Hj Ida Ruaida, S.Sos,
M.SI in Serang Banten District
Court, because the Debtor/
Plaintiff did not accept the
collection efforts made by
PT Adira Finance. The Unit is
still in the possession of the
Debtor
11 District Court 35/ Co-Defendant Plaintiff (Irfan Boy Supreme Unlawful Acts (PMH) 250,000,000
Rantau Prapat Pdt.G/2022/ Candra Lubis) Court
PN Rap The unit holder (in the name
of Irfan Boy Candra Lubis)
filed a lawsuit against PT
Adira Finance Batam Branch
as co-defendant at Rantau
Prapat District Court.
12 District Court 65/Pdt.G/2019/ Plaintiff/ Defendant/ Supreme Unlawful Acts (PMH) 1,469,000,000
Batam PN Btm Appellant Appellant/Appellant Court
Respondent/ in Cassation Continuation of the Batam
Respondent (Tasniem) District Court Criminal
in Cassation Verdict against Tasniem and
Yansen who were found
guilty of aiding and abetting
the crime of embezzlement
(Batam District Court
Verdict dated January 16,
2019) and embezzlement
in office (July 17, 2017) to
the detriment of Adira. For
the losses incurred due to
unlawful acts by Tasniem
(Tasniem Dealer) and Yansen,
Adira will file a lawsuit for
compensation against both
of them including PT Tasniem
Gerai Inspirasi as the owner
of Tasniem Dealer through
Batam District Court.
403
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 408
Case
Process
Company Case Value
No Court Case No. Opponent Position at the Description of Case
Position (IDR)
Judicial
Level
13 District Court 22/ Defendant/ Plaintiff/Appellant Supreme Unlawful Acts (PMH) 130,540,044
Gorontalo Pdt.G/2023/ Appellant/ Respondent/ Court
PN.Gto. Respondent Cassation Applicant Adira Finance was sued
in Cassation by the Debtor on behalf of
Ahmad Ismail regarding
the Debtor's objection to
the withdrawal and sale of
collateral unit carried out by
Adira Finance.
14 District Court 5/Pdt.G/2022/ Defendant/ Plaintiff/Appellant/ Supreme Adira Finance was sued 150,000,000
Tanjung Jabung PN Tjt Appellant Cassation Applicant Court by Debtor in the name of
Timur Respondent/ Zarkoni (Plaintiff).
Respondent
in Cassation
Tax cases/disputes involving the Company as the Applicant/Respondent throughout 2023 are as follows:
Number
No. Case No. Case Position Against Case Status
of Suits
1 6204/B/PK/Pjk/2022 1 Corporate Income Tax Respondent Director General Reject the DGT's
audit findings for the of Judicial of Taxes request for Judicial
period of financial year Review Review
2016
2 6320/B/PK/Pjk/2022 1 Corporate Income Tax Applicant Director General Reject ADMF
audit findings for the for Judicial of Taxes request
period of financial year Review
2016
3 005038.15/2023/PP 1 Corporate Income Tax Appellant Director General Awaiting Appeal
audit findings for the of Taxes Decision
period of financial year
2017
4 005039.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of June 2017 of Taxes Decision
5 005040.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of July 2017 of Taxes Decision
6 005041.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of August 2017 of Taxes Decision
7 005042.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of September 2017 of Taxes Decision
8 005043.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of October 2017 of Taxes Decision
9 005044.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of November 2017 of Taxes Decision
10 005045.16/2023/PP 1 VAT audit findings for the Appellant Director General Awaiting Appeal
period of December 2017 of Taxes Decision
11 - 1 VAT audit findings for the Respondent Director General Awaiting Case
period of February 2016 of Judicial of Taxes Registration
Review
Effect on Company Conditions
These cases and disputes do not negatively and materially affect the Company's business activities and/
or financial conditions.
404
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 409
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
LEGAL CASES INVOLVING MEMBERS OF THE BOARD OF COMMISSIONERS
Legal cases both civil and criminal involving members of the Board of Commissioners as parties throughout
2023 are as follows:
Number of
No. Case Number Case Position Against Case Status
Lawsuits
- - - - - - -
Legal cases both civil and criminal involving members of the Board of Directors as parties throughout 2023
are as follows:
Number of
No. Case Number Case Position Against Case Status
Lawsuits
- - - - - - -
ADMINISTRATIVE SANCTIONS FROM REGULATORS
In 2023, there was 1 (one) written warning and 4 (four) sanctions in the form of fines totaling IDR40,100,000.00
(forty million one hundred thousand Rupiah). Data on sanctions from Regulators throughout 2023 are as
follows:
Sanctioning
Date Type of Sanction Description
Agency
January 17, 2023 Written warning Financial Services Written Warning concerning PT Adira Dinamika Multi Finance
Authority Tbk responses to 3 (three) consumer complaints which did not
comply with the provisions of Article 21, Article 22, Article 45 OJK
Regulation Number 18/POJK.07/2018 concerning Consumer
Complaint Services in Financial Service Sector.
March 28, 2023 Fine Financial Services Imposition of sanction to pay a fine in the amount of
Authority IDR20,000,000.00 (twenty million Rupiah) for the submission of
Debtor Report and/or Correction of Debtor Report of Financial
Information Service System (SLIK) for 223,987 Debtors for the
period of November 2022.
March 28, 2023 Fine Financial Services Imposition of sanction to pay a fine in the amount of IDR50,000.00
Authority (fifty thousand Rupiah) for the submission of Debtor Report and/
or Correction of Debtor Report of Financial Information Service
System (SLIK) for 1 Debtor for the period of October 2022.
March 28, 2023 Fine Financial Services Imposition of sanction to pay a fine in the amount of
Authority IDR20,000,000.00 (twenty million Rupiah) for the submission of
Debtor Report and/or Correction of Debtor Report of Financial
Information Service System (SLIK) for 1,599,300 Debtors for the
period of September 2022.
June 19, 2023 Fine Financial Services Imposition of sanction to pay a fine in the amount of IDR50,000.00
Authority (fifty thousand Rupiah) for the submission of Debtor Report and/
or Correction of Debtor Report of Financial Information Service
System (SLIK) for 1 Debtor for the period of January 2023.
405
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 410
ACCESS TO COMPANY INFORMATION AND DATA
Adira Finance is committed to always implement the transparency, which is one part of the principles
of good corporate governance. The Company provides easy access to Company information and
data to all stakeholders to obtain information about the Company's performance, both financial and
non-financial, through communication channels such as press releases and public exposes. Actively,
the Company also disseminates information to print and electronic media, including the Company's
website which is available and accessible in Indonesian and English. In the Indonesian and English
website of the Company, there is access to information for all stakeholders regarding the Annual
Report.
The company provides various means that can be accessed to obtain further information, including:
Tel.: (62-21) 3973-3322/3232
Fax./Facs.: (62-21) 3973-4949
E-mail: af.corsec@adira.co.id
Website: www.adira.co.id
CORPORATE GOVERNANCE ASSESSMENT
Implementation of Public Company Governance Guidelines
In accordance with the provisions of OJK Regulation No. 21/POJK.04/2015 concerning Implementation
of Public Company Governance Guidelines stipulates that Public Companies are required to disclose
information regarding the implementation of recommendations in Corporate Governance as stipulated in
OJK Circular Letter No. 32/SEOJK.04/2015 concerning Guidelines for the Governance of Public Companies.
The following is the status of the implementation of the recommendations at Adira Finance until the
publication of this Annual Report:
Recommendation OJK Circular Letter no 32/SEOJK.04/2015 Implementation
No. Status at Adira
Principles Recommendation Finance
1. Increasing the Value of 1.1. A Public Company has a technical method or procedure for voting Implemented.
the GMS both openly and privately that prioritizes the independence and
interests of shareholders.
1.2. All members of the Board of Directors and members of the Board of Implemented.
Commissioners of a Public Company attended the Annual GMS.
1.3. The summary of the minutes of the GMS is available on the Public Implemented.
Company website for at least 1 (one) year
2. Improving the Quality 2.1. The Public Company has a communication policy with shareholders Implemented.
of Public Company or investors.
Communication 2.2. The Public Company discloses the Public Company's communication Implemented
with Shareholders or policy with shareholders or investors on the website.
Investors.
3. Strengthening 3.1. The determination of the number of members of the Board of Implemented.
the Membership Commissioners takes into account the conditions of the Public
and Composition Company.
of the Board of 3.2. The determination of the composition of the members of the Board Implemented.
Commissioners of Commissioners takes into account the diversity of expertise,
knowledge and experience.
4. Improving the 4.1. The Board of Commissioners has its own assessment policy to assess Implemented.
Quality of Duties the performance of the Board of Commissioners.
and Responsibilities 4.2. The self-assessment policy to assess the performance of the Board Implemented.
of the Board of of Commissioners is disclosed through the Public Company Annual
Commissioners. Report.
4.3. The Board of Commissioners has a policy regarding the resignation Not Yet
of members of the Board of Commissioners, if they are involved in Implemented.
financial crimes.
4.4. The Board of Commissioners or the Committee that carries out the Implemented.
Nomination and Remuneration function shall formulate a succession
policy in the process of nominating members of the Board of
Directors.
406
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 411
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Recommendation OJK Circular Letter no 32/SEOJK.04/2015 Implementation
No. Status at Adira
Principles Recommendation Finance
5. Strengthening the 5.1. The determination of the number of members of the Board of Implemented.
Membership and Directors takes into account the condition of the Public Company
Composition of the and its effectiveness in decision making.
Board of Directors 5.2. The determination of the composition of the members of the Board Implemented.
of Directors takes into account the diversity of expertise, knowledge
and experience.
5.3. Members of the Board of Directors in charge of accounting or finance Implemented.
functions have expertise and/or experience in accounting.
6. Improving the Quality 6.1. The Board of Directors has its own assessment policy to assess the Implemented
of Implementation performance of the Board of Directors.
of Duties and 6.2. The self-assessment policy to assess the performance of the Board of Implemented.
Responsibilities of the Directors is disclosed in the Public Company's annual report.
Board of Directors 6.3. The Board of Directors has a policy regarding the resignation of Implemented.
members of the Board of Directors if they are involved in financial
crimes
7. Improving Corporate 7.1. The Public Company has a policy to prevent insider trading. Implemented.
Governance Aspects 7.1. The Public Company has an anti-corruption and anti-fraud policy. Implemented.
through Stakeholder 7.1. The Public Company has a policy regarding the selection and Implemented.
Participation capacity building of suppliers or vendors.
7.1. The Public Company has a policy regarding the fulfillment of Implemented.
creditors' rights.
7.1. Public Companies have a whistleblowing system policy. Implemented.
7.1. The Public Company has a policy of providing long-term incentives to Not Implemented
the Board of Directors and employees. Yet.
8. Improving the 8.1. Public Companies utilize the use of information technology more Implemented.
Implementation of broadly than the website as a medium for information disclosure.
Information Disclosure 8.2. The Public Company Annual Report discloses the ultimate beneficial Implemented.
owner in the Public Company's share ownership of at least 5%, in
addition to the disclosure of the final beneficial owner in the Public
Company's share ownership through the major or controlling
shareholders.
Corporate Governance Assessment
To obtain objective results on the application of the principles of Good Corporate Governance, in 2022,
the Company has conducted an independent assessment of the practice of Good Corporate Governance
using OJK standards as regulated in OJK Regulation No. 29/POJK.05/2020 and OJK Circular Letter
No. 28/SEOJK.05/2020 and OJK Circular Letter No. 11/SEOJK.05/2020, as well as conducting an assessment
involving an independent appraiser.
The results of the assessment of Adira Finance's implementation of Good Corporate Governance in 2023
compared to 2022 are as follows:
Total Assessment Result
No. Assessment Standard/Format 2022 2023
Rank Category Rank Category
1. According to OJK Regulation No. 29/POJK.05/2020, POJK No 1 - 1 -
28/POJK.05/2020 and OJK Circular Letter No. 11/SEOJK.05/2020
2. ASEAN CG Scorecard 94.58 "Very Good" 98.20 "Very Good"
Details of the assessment results can be seen below.
Independent Assessment with the Format from OJK in accordance with the provisions of OJK
Regulation No. 28/POJK.05/2020 and OJK Circular Letter No. 11/SEOJK.05/2020
In accordance with OJK Regulation No. 28/POJK.05/2020 concerning Assessment of the Soundness Level
of Non-Bank Financial Services Institutions and OJK Circular Letter No. 11/SEOJK.05/2020 concerning
Assessment of the Soundness Level of Financing Companies and Sharia Financing Companies, Adira
Finance has assessed the implementation of Good Corporate Governance by using working papers and
formats in accordance with these provisions as one of the factors for assessing the Company’s Soundness
Level.
407
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 412
The results of the assessment for the 2023 financial year are as follows:
Rank
No. Parameter
1 2 3 4 5
1 Implementation of the Duties and Responsibilities of the Board of
Directors
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
2 Implementation of the Duties and Responsibilities of the Board of
Commissioners
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
3 Implementation of the Duties and Responsibilities of the Sharia
Supervisory Board
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
4 Implementation of the Duties and Responsibilities of the Shareholders
or equivalent
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
5 Completeness and Implementation of Commitees’ Duties
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
6 Handling Conflict of Interest
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
7 Implementation of the Compliance Function
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
8 Implementation of the Internal Audit Function
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
9 Implementation of the External Audit Function
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
10 Implementation of the Risk Management Function
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
11 Transparency of Financial and Non-Financial Conditions
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
12 Company Strategic Plan
1. Governance Structure √
2. Governance Process √
3. Governance Outcome √
408
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 413
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Based on the data in the table above, the good corporate governance factor gets a rating of 1. As for the
assessment, the smaller it will reflect the implementation of better governance.
Assessment by an Independent Party
In order to obtain more objective results on the implementation of the principles of Good Corporate
Governance, in 2023, the Company also conducted an assessment of Corporate Governance practices
conducted by independent parties. Assessment by an independent party in 2023 was carried out by the
Indonesian Institute for Corporate Directorship (IICD) using the ASEAN Corporate Governance Scorecard
standard. The IICD assessment covers the rights of shareholders, equal treatment of shareholders, the role
of stakeholders, openness and transparency, and the responsibilities of the Board of Commissioners.
The assessment is carried out by IICD in February 2024 by conducting an assessment based on an analysis
of publicly available information or documents which include annual reports, financial reports, GMS
summons, announcement of GMS results, Company’s Articles of Association, work guidelines of the board
and board committees, Company website, OJK website, IDX website and other relevant information.
The final total score for the Corporate Governance assessment is interpreted as follows:
Total Score Criteria Intepretation
> 100 Leadership Company has exceeded international standards (ACGS structure)
in Corporate
Governance
90,00 – 100,00 Very Good Company has fully adopted international standards
80 – 89,99 Good Company has adopted some international standards
70,00 – 79,99 Fair Company has a strong awareness and strives to adopt international standards
60,00 - 69,99 Minimum Company meets the minimum standards according to laws and regulations
Requirement
Based on the assessment, the results of the IICD assessment dated February 16, 2024 are as follows:
Score of Each
No. Assessment Component
Component
1. Shareholders’ Rights 10.00
2. Equal Treatment to Shareholders 9.29
3. Role of Stakeholders 13.85
4. Disclosure and Transparency 24.22
5. Responsibilities of Board of Commissioners 33.85
6. Bonus * 9.00
7. Penalty ** -2.00
Total Score Good Corporate Governance Practice of the Company 98.20
Remarks:
* Bonus is given because the company's Sustainability Report in the Annual Report has referred to the GRI index standard (not just the GRI table),
the Company submitted its audited Financial Statements on February 10, 2023 (less than 60 days from the end of the 2022 financial year), the
disclosure and explanation of information technology governance strategies, security from interference and cyber security, and the existence of
separated or independent risk monitoring committee within the Company.
** Penalties are given because the company has given bonuses/tantiem to all members of the Board of Commissioners, including for Independent
Commissioners.
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Based on the results of the assessment, the value of recommendations of the Committee are quite
Adira Finance’s implementation of Good Corporate useful and can be used as reference material for
Governance is in the “Very Good” category based the decisions of the Board of Commissioners,
on the ASEAN CG Scorecard which is the highest and the holding of Committee meetings has
category. run in accordance with the work guidelines of
each Committee and is carried out effectively
The strength of the implementation of Good and efficiently;
Corporate Governance at Adira Finance can be 5. The handling of conflicts of interest has
observed from the results of the assessment, been carried out very well, in which every
which Adira Finance in the “Very Good” category. decision making on conflicts of interest and
Adira Finance realizes that as a company providing its implementation is always carried out in
financial services, good corporate governance accordance with applicable regulations, the
must be implemented in order to gain the trust of Company’s Articles of Association, the work
stakeholders. The strength of implementing Good guidelines of the Board of Commissioners and
Corporate Governance is reflected in: the Board of Directors of the Company. As of
1. The duties and responsibilities of the Board of the date of this report, there is no conflict of
Commissioners have been carried out effectively interest that harms/reduces the Company’s
and have complied with the principles of Good profits;
Corporate Governance. Members of the Board 6. The Company’s compliance function has
of Commissioners are able to act and make met the compliance criteria in accordance
decisions independently, have competence with the applicable laws and regulations and
and integrity in accordance with the size and commitments to the authorized institutions;
complexity of the Company’s business and 7. The implementation of the Company’s internal
have complied with applicable regulations. In audit function has been running very well
addition, the Board of Commissioners’ Meetings and effectively. The Company has internal
are also held effectively and efficiently; guidelines that are in accordance with the
2. The duties and responsibilities of the Board minimum standards set by OJK and are carried
of Directors have been carried out properly, out by meeting the International Standards for
effectively and have complied with the the Professional Practice of Internal Auditing
principles of Good Corporate Governance. from The Institute of Internal Auditors;
The number and composition of the Board 8. The implementation of the external audit
of Directors have complied with applicable function has been very effective. This is
regulations, whereby members of the Board reflected in the implementation of the audit
of Directors are able to act and make decisions by the Public Accounting Firm in accordance
independently, have competence and integrity with the general requirements stipulated in
in accordance with the size and complexity of the regulation as well as the excellent quality
the Company’s business. In addition, the Board and scope of audit results. In addition, the
of Directors’ Meetings are also held effectively Public Accounting Firm acts independently in
and efficiently; carrying out its duties in accordance with the
3. The ideal composition between the number established criteria;
of members of the Board of Commissioners 9. The implementation of risk management
and the Board of Directors has been met, in including the internal control system has been
which the number of members of the Board of running well and effectively in accordance
Commissioners is not more than the number of with the objectives, size and complexity of the
members of the Board of Directors; Company’s business as well as the risks it faces.
4. The completeness and implementation of the The Board of Commissioners and the Board of
duties of the Committee is considered good Directors have been actively monitoring the
considering that the implementation of the implementation of risk management policies
duties of the Committee has been effective, the and strategies;
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10. The provision of funds to related parties and the In addition to the strengths described above, there
provision of large exposure funds have been are still weaknesses in the implementation of
carried out well and have followed applicable Good Corporate Governance within Adira Finance.
regulations. Decision making in the provision However, improvements continue to be made as
of funds to related parties and the provision of much as possible. The weaknesses include:
large funds is carried out independently and 1. Understanding of the importance of
to date there have never been any violations compliance with regulations as part of Good
and the amount of provision of these funds Corporate Governance practices is not evenly
compared to the total provision of funds is distributed across all lines of the organization.
insignificant; This has an impact on the less-than-optimal
11. The company is always transparent in results of the implementation of Corporate
submitting financial reports and non-financial Governance related to the duties of the
reports. These reports are submitted in a compliance function;
complete, accurate, relevant and complete and 2. The Corporate Governance Structure is
timely manner in accordance with applicable imperfect in the Company’s risk management
regulation; function, where the person in charge of
12. The Company’s strategic plan is in accordance the Company’s risk management function
with its Vision and Mission, which is prepared is currently not specifically held by a
by taking into account all external and internal Risk Management Director, so that the
factors, prudential principles and applicable implementation of the risk management
regulations. The Company also consistently function is not optimal.
implements the strategic plans that have been
prepared to achieve the Company’s goals.
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Adira Finance has a Sharia Business Unit
(SBU) which was established on May 8,
2012 in accordance with the Decree of
GCG Sharia the Board of Directors of the Company
Number 013/ADMF/BOD/V/12 and has
been reported to the Minister of Finance
of the Republic of Indonesia on June
13, 2012 with Company letter Number
080/ADMF/CS/VI/12. On May 7, 2015, to
comply with the provisions of Article
21 Paragraph (4) of OJK Regulation
No. 28/POJK.05/2014 concerning Business
Licensing and Institutional of Finance
Companies, the Company has submitted
an application for a license to establish a
sharia business unit, and subsequently
OJK has issued a Decree of the OJK
Board of Commissioners No. KEP-172/
NB.223/2015 concerning the Granting
Permit of the Establishment of Adira
Finance Sharia Business Unit.
The implementation of the principles
of Sharia governance at Adira Finance
is guided by, among others, OJK
As an integral part of Adira Regulation No. 30/POJK.05/2014
Finance, in adhering to concerning Good Corporate Governance
the principles of Corporate for Financing Companies as amended
by OJK Regulation No. 29/POJK.05/2020,
Governance, Adira Finance's OJK Regulation No. 10/POJK.05/2019
SBU also adheres to concerning the Implementation of Sharia
Financing Company Businesses and
the Financial Services
Financing Company Sharia Business Units,
Authority Regulation No. 30/ and OJK Regulation No. 47/POJK.05/2020
POJK.05/2014 concerning concerning Business and Institutional
Licensing of Financing Companies and
Good Corporate Governance Sharia Financing Companies.
for Financing Companies,
as amended by Financial
Services Authority Regulation
No. 29/POJK.05/2020.
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Structure of Adira Finance Sharia manages a financing business based on sharia
Business Unit principles must have a Sharia Supervisory Board
(SSB). The SSB shall consists of 1 (one) or more
sharia experts who are appointed by the GMS or
Sharia Supervisory
Board of Directors
Board
the recommendation of the National Sharia Board
of the Indonesian Ulama Council (DSN-MUI) and
set forth in the Deed of the GMS. The Company’s
Sharia Supervisory Board was appointed at the
Extraordinary General Meeting of Shareholders
(GMS) on September 4, 2012, after previously
Head of Sharia Business
Unit obtaining a recommendation from the DSNMUI
in accordance with Letter Number U-173/DSN-
MUI/IV/2012 dated April 26, 2012. The composition
of SSB members was last changed at the Annual
Sharia Supervisory Board GMS on June 30, 2021.
In accordance with the provisions of Article 32
Paragraph 1 of OJK Regulation No. 30/POJK.05/2014
concerning Good Corporate Governance for
Finance Companies, a finance company that
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The composition of Adira Finance Sharia Supervisory Board is as follows:
First
Name Position Re-Appointment End of Tenure
Appointment
Prof. Dr. Fathurrahman Djamil MA Chairman 2012 2021 End of fiscal year 2023
Prof. Dr. Noor Ahmad MA Member 2012 2021 End of fiscal year 2023
Dr. Rini Fatma Kartika MH Member 2021 - End of fiscal year 2023
Pursuant to the provisions of OJK Regulation Number 30/POJK.05/2014 concerning Good Corporate
Governance for Finance Companies, the criteria for SSB members are:
1. Able to act in good faith, honestly and professionally;
2. Able to act in the best interest of sharia financing companies, sharia business units (SBU) and/or other
stakeholders;
3. Prioritizing the interests of the sharia finance company, SBU and or other stakeholders rather than his/
her personal interests;
4. Able to make decisions based on independent and objective assessments for the benefit of the sharia
finance company, SBU and/or other stakeholders;
5. Able to avoid the abuse of their authority to obtain undue personal gain or cause losses to sharia
finance company and the SBU.
Each SSB member must pass the Fit and Proper Test.
Following is the pass status of Fit and Proper Test for members of Adira Finance’s SSB as of the date of
issuance of this Annual Report:
Name Passing date of Fit and Proper Test Description
Prof. Dr. Fathurrahman Djamil MA May 5, 2014 Based on Decision Letter of OJK Board of
Commissioners No. KEP-950/NB.1/2014
Dr. Noor Ahmad MA April 29, 2014 Based on Decision Letter of OJK Board of
Commissioners No. KEP-824/NB.1/2014
Dr. Rini Fatma Kartika MH September 14, 2021 Based on Decision Letter of OJK Board of
Commissioners No. KEP-53/NB.21/2021
Primary Duties and Functions of SSB Responsibilities
In accordance with Article 17 of the Company’s In discharging its functions, the SSB shall:
Articles of Association, the primary duties and 1. Observe the Fatwas of the National Sharia
functions of the SSB are: Board;
1. Representing the Company or the Company’s 2. Report the business activities and development
Sharia Business Unit in the National Sharia of the Company’s Sharia Business Unit to the
Board - Indonesian Ulama Council (DSN-MUI); Minister of Finance of the Republic of Indonesia
2. Supervising the Company’s sharia business through the Chairman of the Capital Market
activities to ensure compliance with the Sharia and Financial Institution Supervisory Agency
Principles; with copies to Bank Indonesia and the National
3. Advising the Board of Directors, Head of Sharia Sharia Board-Indonesian Ulama Council (DSN-
Business Unit and Head of the Company’s MUI);
Sharia Branch Office on matters related to 3. Every representative of the National Sharia
Sharia Principles; and Council assigned to the Company must, in good
4. Mediating between the Company and the faith, be prudent and full of responsibility carry
National Sharia Board in communicating out their duties for the benefit of the Company
proposals and suggestions for the development and in accordance with the Company’s aims
of the Company’s products and services that and objectives by observing the provisions of
require studies and fatwas from the National laws and regulations and fatwas of the National
Sharia Board. Sharia Board;
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4. In the event that the SSB considers that there Implementation of Work Program
are policies or actions of members of the 1. SSB meetings were held once a month.
Board of Directors related to UUS that are not 2. The SSB Supervision Report for the first
in accordance with sharia principles, the DPS 6-month period in 2021 has been submitted to
is required to request an explanation from the the Board of Directors, Board of Commissioners
members of the Board of Directors regarding and the DSN-MUI on July 25, 2023.
policies or actions of members of the Board of 3. Evaluation of Sharia compliance have been
Directors that are not in accordance with sharia undertaken on:
principles; a. Funding activities;
5. In the event that the Board of Directors rejects b. Sharia financing;
the results of the SSB assessment, the SSB c. Operational procedures;
must report it completely and comprehensively d. Company’s Sharia financing marketing
to the OJK and a copy to the Board of Directors practices; and
no later than 7 (seven) working days after the e. Adoption of accounting principles.
explanation of the members of the Board of 4. Attended routine meetings with the DSN-MUI
Directors is received by the SSB. on Wednesday of every first week of the month,
as well as other non-routine meetings.
Work Program
1. DPS meetings shall be held at least once a Concurrent Positions of DPS Member
month to discuss the monthly sharia financing In accordance with OJK Regulation Number 30/
report, sharia compliance issues, and new POJK.05/2014 on Good Corporate Governance for
products. Financing Companies, members of the SSB are:
2. To prepare a 6-monthly SSB Supervision Report • Prohibited from holding concurrent position as
for submission to the Board of Directors, Board member of the board of directors or board of
of Commissioners, and DSN-MUI. commissioners in other financing companies.
3. To maintain communications with DSN-MUI. • Prohibited from holding concurrent position
as member of the Sharia Supervisory Board in
more than 2 (two) other financing companies.
The following is data on concurrent positions of members of Adira Finance SSB:
Name Position in Other Entities Name of Entity
Prof. Dr. Fathurrachman Djamil MA Chairman Bank BCA Syariah
Sun Life Financial Syariah
AIA Financial Syariah
Bank CIMB Niaga
Prof. Dr. Noor Ahmad MA Member -
Dr. Rini Fatma Kartika MH Member Sun Life Financial Syariah
Based on the data, it can be concluded that all members of Adira Finance SSB do not violate the provisions
for concurrent positions as stipulated in the relevant OJK Regulation.
SSB Meetings
SSB meetings can be held at least once a month, unless deemed necessary by 1 (one) SSB member, or
at the request of the Head of the Sharia Business Unit. SSB meetings are only valid and can take binding
decisions if more than ½ (one half) of the number of SSB members are present at the meeting.
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Decisions in a SSB Meeting must be made based on consensus by deliberation. Every member of SSB
who personally in any way, either directly or indirectly has an interest in a transaction, contract or contract
proposal, of which the Company is a party must state the nature of that interest in a SSB Meeting and is
not entitled to participate in the voting in relation to such transaction or contract, unless the SSB Meeting
determines otherwise. The resolutions of the meeting have been recorded in the Minutes of Meeting, fully
documented and submitted to the Head of the Sharia Business Unit and the Company’s Board of Directors
for implementation.
In 2023, the SSB held 11 (eleven) Meetings, with an average attendance rate of 100%. This level of attendance
shows the high commitment of all members of the Company’s SSB. All meetings were also attended by
the Head of the Sharia Business Unit of Adira Finance.
Attendance list of SSB meetings in 2023:
31 28 28 19 27 25 22 22 24 28 19
Name
Jan Feb Mar May Jun Jul Aug Sept Oct Nov Dec
Prof. Dr. Fathurrahman Djamil MA √ √ √ √ √ √ √ √ √ √ √
Prof. Dr. Noor Ahmad MA √ √ √ √ √ √ √ √ √ √ √
Dr. Rini Fatma Kartika MH √ √ √ √ √ √ √ √ √ √ √
Total attendance of DPS members in DPS meetings during 2023 is as follows:
Total Reason for
Name Total Meetings % Attendance
Attendance Absence
Prof. Dr. Fathurrahman Djamil MA 11 11 100 -
Prof. Dr. Noor Ahmad MA 11 11 100 -
Dr. Rini Fatma Kartika MH 11 11 100 -
Proposed Schedule of SSB Meetings in 2024
In 2024, the SSB plans to hold 12 (twelve) meetings, with the following schedule:
1. Wednesday, January 31, 2024
2. Tuesday, February 20, 2024
3. Tuesday, March 19, 2024
4. Tuesday, April 23, 2024
5. Tuesday, May 21, 2024
6. Tuesday, June 25, 2024
7. Tuesday, July 23, 2024
8. Tuesday, August 20, 2024
9. Tuesday, September 24, 2024
10. Tuesday, October 22, 2024
11. Tuesday, November 26, 2024
12. Tuesday, December 24, 2024
The above meeting schedule has been approved in the SSB meeting on December 19, 2023. However, the
schedule is subject to change upon the request of the majority of SSB members.
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Results of SSB Meetings
SSB meetings in 2023 have resulted in the following resolutions and approvals:
Number of
No. Date Venue Meeting Result
Participant
1. January 31, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
2. February 28, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
3. March 28, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
4. May 19, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
5. June 27, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
6. July 25, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
7. August 22, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
8. September 22, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
9. October 24, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
10. November 28, 2023 Teams 1. Marketing Performance 11 Persons
2. Financial Statement
11. December 19, 2023 Accountable 1. Marketing Performance 11 Persons
Room 2. Financial Statement
Opinion issued by the SSB in 2023:
No. Date Opinion No. Opinion
1 January 31, 2023 001/OPINI-DPS/SYAR/I/2023 Renewal of Sharia Refinancing Financing from the Initial Al-Bai
Wa Al-Istijar Contract
2 April 27, 2023 002/OPINI-DPS/SYAR/IV/2023 Utilization of the Multijasa Ijarah Contract for Financing Hajj
Portions
SSB Remuneration Policy
Remuneration of Adira Finance SSB members refers to the provisions of the Company’s Articles of
Association.
Remuneration structure for members of Adira Finance SSB consists of:
1. Honorarium, provided on a monthly basis in the amount as decided in the Company’s Annual
General Meeting of Shareholders, taking into account the recommendations of the Nomination and
Remuneration Committee.
2. Allowances:
a. Tax allowance, provided on a monthly basis along with the payment of honorarium.
b. Religious Holiday allowance, to be paid prior to Idul Fitri in the amount of 1 (one) month honorarium.
Procedure for SSB Remuneration
The mechanism for SSB compensation is determined as follow:
• The Company’s Nomination and Remuneration Committee reviews the market rate for compensation
given for the work concerned at other companies with the same line of business and status.
• Taking into account individual performance and contributions, the Nomination and Remuneration
Committee then conducts discussions to prepare recommendations.
• These recommendations are submitted to the Board of Commissioners for further discussion and
approval.
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• The proposed remuneration for members of the SSB is submitted to shareholders for discussion and
approval at the Annual GMS.
• Based on the proposal of the Board of Commissioners and the recommendation of the Nomination
nad Remuneration Committee, the Annual GMS on April 4, 2023 has decided that the determination of
the amount of salary or honorarium and allowances paid to SSB members shall be made by the Board
of Commissioners in accordance with the recommendation of the Nomination and Remuneration
Committee.
Nomination and
Conduct market surveys and collect information on standard remuneration
Remuneration
for similar position and industry (using independent consultant if necessary).
Committee
Next, the Committee submit its recommendation to the Board of
Commissioners.
Board of The Board of Commissioners review the recommnedation of the Nomination
Commissioners and Remuneration Committee and then submit its proposal on the
remuneration of SSB members to the General Meeting of Shareholders.
GMS The General Meeting of Shareholders granted the authorization for the
distribution of SSB remuneration to the Board of Commissioners.
Board of The Board of Commissioners determined the distribution of remuneration in
Commissioners accordance with the authorization granted by the GMS.
Remuneration of
Members of SSB
Details of remuneration paid to the SSB of Adira Finance in the years 2019 – 2023 are as follow:
(In millions of Rupiah, except Number of Members)
Number of DPS Member Amount of DPS Remuneration
Type of Remuneration
2023 2022 2021 2020 2019 2023 2022 2021 2020 2019
Honorarium 3 3 3 3 3 600 575 518 562 562
Allowance 3 3 3 3 3 327 570 227 255 181
Total 927 1,145 743 721 689
Duties and Responsibilities of Head of Sharia
Total Remuneration Number of SSB
per Individual in 1 Year Member Business Unit of Adira Finance:
Above IDR2 billion 0 1. Managing and administering Adira Finance’s
Between IDR1 billion – IDR2 billion 0 sharia business unit in accordance with sharia
principles, prudential principles and the
Between IDR500 million – IDR1 billion 0
provisions of laws and regulations.
Less than IDR500 million 3
2. Ensuring that the principles of Good Corporate
Governance are applied at all levels of the
Head of Sharia Business Unit organization.
The current Head of Sharia Business Unit at Adira 3. Following up on every recommendation from
Finance is Yusron, which was appointed based on the SSB, the Board of Directors, the authorities,
Decision of the Board of Directors Number 024/ the Internal Audit Unit as well as external
ADMF/BOD/IX/18 dated September 18, 2018 and auditors.
reported to the OJK on September 25, 2018.
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Product and Development Committee
The Company has established the Sharia Product and Business Activity Development Committee on
March 4, 2019, with the following membership structure:
Chairman : Head of SBU
Member : Head of Business Development Division
Member : Head of Credit Division
Member : Head of Accounting Division
Member : Head of Risk Management Division
Member : Head of Compliance Division
The Chairman of Sharia Product and Business Activity Development Committee is responsible to the
President Director.
The Sharia Product and Business Activity Development Committee has the following duties and
responsibilities:
1. Conducting studies and analysis on the development of new products or business activities that will be
launched or marketed;
2. Evaluating and improving product or business activity;
3. Providing recommendations, suggestions and input as well as evaluating the marketing aspects and
compliance with Sharia principles as well as risk mitigation; and
4. Formulating and proposing monthly and annual performance achievements for business activities
based on Sharia Principles.
In 2023, the Sharia Product and Business Activity Development Committee has conducted 1 (one) meetings,
as follow:
No. Date Venue Meeting Resolutions Number of Participant
1. July 27, 2023 Online via Evaluation of the Implementation of Sharia Refinancing Sharia, Product Development,
Teams Products and Proposals for Marketing Development of Credit, Risk, Legal, Compliance
Sharia Refinancing Products. & SSD
Transparency of Financial and Non-Financial Condition
List of Consultants and Advisors
No. Name Aspect
1. - -
During 2023, no consultants or advisors worked with Adira Finance Sharia Business Unit.
Internal Fraud & Settlement
Up to December 31, 2023, there were no reported cases of internal fraud/irregularity or violation to sharia
compliance at the Company.
Legal Proceedings
Throughout 2023, there were no criminal or civil legal cases involving the Sharia Business Unit of Adira
Finance.
Non-Halal Revenue and Utilization
Non-halal revenues in 2023 amounted to:
Revenue : IDR10,358,657,679
Utilization : IDR13,440,755,066
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Distribution of Funds for Social Activities
Throughout 2023, distribution of funds for social activities was as follows:
Value
Date of
No Description Field Submitted
Submission
(IDR)
1 January 3, 2023 Donation for Darul Hikam Foundation in Mangli Jember Social 15,000,000
2 January 10, 2023 Donation for the procurement of facilities and infrastructure for the Social 52,000,000
MCC Muslim Family Mosque
3 January 10, 2023 Donation for the construction of Al-Adha Mosque in Nalangan Social 30,000,000
Batuwarno Wonogiri
4 January 10, 2023 Donation for the construction of Al-Huda Mosque in Ketitang Social 20,000,000
Nogosari Boyolali
5 January 10, 2023 Donation for As-Salam Mosque in Giripurwo Wonogiri Social 25,000,000
6 January 10, 2023 Donation for Al-Ikhlas Mosque in Huangobotu Gorontalo Social 30,000,000
7 January 11, 2023 Donation for Al-Muttaqin Tlobong Mosque in Delanggu, Klaten Social 25,000,000
8 January 16, 2023 Donation for Majelis Ta'lim Daarul Mubin in Depok Social 25,000,000
9 February 2, 2023 Donation for Musholla Abdurrohman in Suruh Semarang Social 30,000,000
10 February 14, 2023 Donation for the Muslimat NU Ponorogo Social 35,000,000
11 February 15, 2023 Donation for the victims of floods in Manado Social 25,000,000
12 February 15, 2023 Donation for orphans during the commemoration of the 1st Century Social 30,000,000
Anniversary of Tahir NU Rawalumbu Region.
13 February 15, 2023 Donation for flood victims in Parepare Social 50,000,000
14 February 21, 2023 Donation for Al-Hijrah Mosque at Kayubulan Limboto Gorontalo Social 30,000,000
15 February 22, 2023 Donation for Nurul Amin Mosque at Tinggas-Tinggas Tinabung Social 10,000,000
Polewali Mandar
16 March 1, 2023 Donation for the procurement of gifts for orphans and free medical Social 45,000,000
treatment at the Sukatani UMKM Bazaar event
17 March 2, 2023 Moslem Friendly Tourism Program in Hanjeli Village Sukabumi Social 50,000,000
18 March 6, 2023 Online Sharia Finance Workshop February 16, 2023 with Iqtishad Education 10,000,000
Consulting
19 March 6, 2023 Moslem Friendly Tourism Program in Kambo Tourism Village Palopo Social 50,000,000
20 March 8, 2023 Covid-19 vaccination program for Term I Year 2023 Health 423,366,000
21 March 8, 2023 Donation for Masjid At-Taqwa at Tinggede Palu Social 35,320,000
22 March 8, 2023 Donation for Jami' Al-Ishlah Mosque at Tapos Depok Social 30,000,000
23 March 10, 2023 Sharia Multi Finance Roadshow 2023 Term 1, with Sharia Economic Education 204,081,633
Society
24 March 13, 2023 Social service for residents of RW 14 Bukit Bogor Raya Housing in Social 25,000,000
Cimahpar, North Bogor, Bogor City
25 March 13, 2023 Donation for Musholla Al-Barokah Ciracas Serang Social 25,000,000
26 March 13, 2023 Moslem Friendly Tourism Program in Sumbersari Waterfall Tourism Social 50,000,000
Village, South Konawe, Southeast Sulawesi
27 March 14, 2023 Moslem Friendly Tourism Program in Basirih Dome Tourism Village Social 50,000,000
Banjarmasin South Kalimantan
28 March 14, 2023 Donation for Madrasah Al-Muhajirin Indihiang Tasikalaya Social 25,000,000
29 March 16, 2023 Donation for Musholla Nurul Jadid Sempursari Jember Social 15,000,000
30 March 21, 2023 Ramadhan 1444 H KCUS Meulaboh Johan Pahlawan for SOS Social 15,000,000
Meulaboh Foundation
31 March 21, 2023 Ramadhan 1444 H KCUS Bogor 1 Tajur for Pondok Pesantren Social 15,000,000
Ziyadatul Falah
32 March 21, 2023 Online Sharia Finance Workshop March 16, 2023 with IBFI Trisakti Education 11,000,000
33 March 27, 2023 Donation for DDI Lil Banat Parepare Islamic Boarding School Social 25,000,000
34 March 27, 2023 Scholarship for Madrasah Aliyah At-Taqwa 02 Babelan Bekasi School Education 8,600,000
35 March 27, 2023 Moslem Friendly Tourism Program in Undisan Tourism Village Bangli Social 50,000,000
Bali
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36 March 28, 2023 Basic food assistance for the needy around Saung Gintung Cirendeu Social 20,000,000
Complex East Ciputat South Tangerang City Banten
37 March 29, 2023 Ramadan 1444 H KCUS Padang Thamrin for Jasmin Nabila Inayah Social 15,000,000
Orphanage
38 March 29, 2023 Donation for Jami' Al-Hikmah Mosque Cimekar Cileunyi Bandung Social 35,000,000
39 April 3, 2023 Donation for the construction of PAUD BKB Kemas An-Nisa Ciracas Education 25,000,000
Serang
40 April 3, 2023 Donation for Pondok Pesantren Nurul Falah Katulampa Bogor Social 50,000,000
41 April 3, 2023 Donation for Nurul Fatah Bastiong Ternate Mosque Social 15,000,000
42 April 3, 2023 Donation for Nur Rachmat Mosque Panakkukang Makassar Social 35,000,000
43 April 4, 2023 Provision of basic necessities for the needy, with Sahara Caravan Social 39,900,000
Tourism
44 April 10, 2023 Ramadhan 1444 H KCUS Bandung Ujungberung for Ramdha Bhakti Social 15,000,000
Pertiwi Orphanage
45 April 10, 2023 Ramadhan 1444 H KCUS Bukitinggi Jambu Air for Muhammadiyah Social 15,000,000
and Annur Pasanehan Orphanage
46 April 10, 2023 Ramadhan 1444 H KCUS Banda Aceh Teuku Umar for TPQ Baitul Social 15,000,000
Qur'an Banda Aceh
47 April 10, 2023 Ramadhan 1444 H KCUS Makassar 1 AP Pettarani for Al-Kabiiru Social 15,000,000
Orphanage Makassar
48 April 11, 2023 Ramadhan 1444 H KCUS Tasikmalaya Juanda for Amanah and Social 15,000,000
Wirdatul-Farhah Orphanage
49 April 11, 2023 Ramadhan 1444 H KCUS Ciputat Tangsel for Manarul Ichsan Islami Social 15,000,000
Orphanage
50 April 13, 2023 Ramadhan 1444 H KCUS Bone MT Haryono for Pondok Pesantren Social 15,000,000
Hidayatullah Wajo
51 April 13, 2023 Donation for Masjid Al-Ijaabah Gunungpati Semarang Social 30,000,000
52 April 13, 2023 Ramadan 1444 H KCUS Tegal Jend Sudirman for Sahabat Yatim Social 15,000,000
Tegal
53 April 13, 2023 Ramadan 1444 H KCUS Martapura Ahmad Yani for Orphan Tahfidz Social 15,000,000
Generation
54 April 17, 2023 Ramadhan 1444 H KCUS Pasuruan Soekarno Hatta for Al-Barokah Social 15,000,000
Orphanage Pasuruan
55 April 17, 2023 Ramadhan 1444 H KCUS Medan 1 Graha Niaga for Putera Social 14,850,000
Muhammadiyah Orphanage Medan
56 April 17, 2023 Ramadhan 1444 H KCUS Yogyakarta Tegalrejo for Khoirunnisa Social 15,000,000
Orphanage Sleman
57 April 17, 2023 Ramadhan 1444 H KCUS Surabaya 2 Gubeng for Al-Qowi and Social 15,000,000
Khadijah II Orphanage
58 April 18, 2023 Ramadhan 1444 H KCUS Bangkinang Teuku Umar for Social 13,325,000
Muhammadiyah Bangkinang Orphanage
59 April 18, 2023 Ramadhan 1444 H KCUS Pamekasan Pintu Gerbang for Nasyrul Social 14,550,000
Ulum Pamekasan Orphanage
60 April 18, 2023 Ramadhan 1444 H KCUS Semarang 1 MT Haryono for Al-Ikhlas Al- Social 15,000,000
Hadi Orphanage
61 April 18, 2023 Ramadan 1444 H KCUS Palopo Kelapa for Halimatussa'diyah Social 15,000,000
Muhammadiyah Palopo Orphanage
62 April 18, 2023 Ramadhan 1444 H KCUS Solo, Solo Baru, for Muhammadiyah Grogol Social 15,000,000
Sukoharjo Orphanage
63 April 18, 2023 Ramadhan 1444 H KCUS Langsa Ahmad Yani for Malahayati Social 3,640,000
Orphanage
64 April 18, 2023 Ramadhan 1444 H KCUS South Jakarta 3 Car Tebet for Mizan Social 15,000,000
Amanah Orphanage and Kuntum Teratai Orphanage
65 April 19, 2023 Donation for Jabal Nur Mosque Gunung Tuleh West Pasaman West Social 50,000,000
Sumatra
66 April 20, 2023 Ramadan 1444 H KCUS Serang Ahmad Yani for LKSA Hasanuddin Social 15,000,000
Pandeglang
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67 May 3, 2023 Donation for Masjid As-Sajadah Villa Melati Mas Serpong Social 87,850,000
68 May 8, 2023 Donation for Cahaya Darul Ulum Orphanage Jenggawah Jember Social 15,000,000
69 May 10, 2023 Ramadhan 1444 H KCUS Jambi Hayam Wuruk for Darul Mustofa Social 15,000,000
Orphanage
70 May 12, 2023 Ramadhan 1444 H KCUS Bandung Car Pasirkoja (Jl. Peta) with Darut Social 15,000,000
Tauhid Peduli
71 May 15, 2023 Donation for Ash-Shobar Islamic Boarding School Sukamenak Social 75,000,000
Bandung
72 May 17, 2023 Donation for DKM Hamzah Cibitung Social 35,000,000
73 May 17, 2023 Donation for An-Naafi Mosque Bojong Rawalumbu Social 29,925,000
74 May 17, 2023 Online Sharia Finance Workshop for West Java Area May 17, 2023 Education 10,000,000
with Medina Consulting
75 May 26, 2023 Donation for Al-Hidayah Mosque Bumi Cimanggis Indah Depok Social 30,000,000
76 May 30, 2023 Donation for Al-Ahsan Foundation Bengkulu Social 30,000,000
77 May 30, 2023 Donation for Pondok Pesantren Al-Mukhlasin Kotamobagu Social 35,000,000
78 May 30, 2023 Donation for Ath-Thaharah Mosque Dutulanaa Limboto Social 30.000.000
79 June 2, 2023 Gifts of bags and stationery for Dhuafa orphans Al-Hadi Mubarok Social 14,815,500
and Nurul Qur'an
80 June 2, 2023 Donation for Madrasah Tsanawiyah Al-Badar Kaliwining Jember Social 25,000,000
81 June 2, 2023 Donation for TPQ Al-Ihsan Gondosari Jember Social 20,000,000
82 June 6, 2023 Donation for Baiturrohman Mosque Bakung Kidul Jamblang Social 50,000,000
Cirebon
83 June 6, 2023 Donation for Daarul Muttaqien Foundation Harapan Baru Dua Social 25,000,000
Bekasi
84 June 21, 2023 Donation for Muttaqina Bina Pesantren Jatinakmur Foundation Social 35,000,000
Pondok Gede Bekasi West Java
85 June 21, 2023 Social Service of SMK Kesfam Batujajar in Pangauban Batujajar Social 19,950,000
Village West Bandung West Java
86 June 22, 2023 Donation for Nurul Hidayah Mosque Cimahi West Java Social 50,000,000
87 June 26, 2023 Online Sharia Finance Workshop June 15, 2023 with Iqtishad Social 10,000,000
Consulting
88 June 27, 2023 Economic Development Program in Jambi, Samarinda, and Economy 155,650,000
Mataram with Rumah Zakat
89 June 27, 2023 Donation for victim of fire in Kota Lintang Village, Kuala Simpang Social 15,000,000
City, Aceh Tamiang Langsa
90 July 10, 2023 Donation for the operation of Dr. Lie Dharmawan 2 Floating Hospital Health 668,300,000
in Mamuju, West Sulawesi
91 July 12, 2023 SGTC 2023 KCUS AF Padang Thamrin for Talao Mundam Mosque Social 5,000,000
92 July 14, 2023 Donation for the procurement of septic tanks in the Bojongkerta Social 150,000,000
Village area in Bogor
93 July 17, 2023 Donation for emergency response to flood disaster in Padang City Social 25,000,000
94 July 21, 2023 Procurement of packages of bags and stationery for orphans in Social 269,999,730
orphanages around Jakarta in 2023
95 July 21, 2023 Offline/face-to-face WKS implementation on July 20, 2023 with Education 17,500,000
Amana Sharia Consulting
96 July 24, 2023 Donation for Al-Muthmainnah Lompoe Parepare Mosque Social 25,000,000
97 July 25, 2023 Donation for Al-Mukhlishin Mosque KP Tapak Serang Lenggah Jaya Social 50,000,000
Bekasi
98 July 27, 2023 Donation for the construction of female dormitory of Bina Bali Insani Social 150,000,000
Tabanan Islamic Boarding School
99 July 27, 2023 Donation for Baitul Muttaqin An-Nawawin Kaliwining Jember Social 25,000,000
Mosque
100 July 27, 2023 Donation for Al-Wafa Mosque Kulon Progo Social 35,000,000
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101 July 27, 2023 Donation for Sayyidul Quro Islamic Boarding School Garahan Social 25,000,000
Jember
102 August 2, 2023 Donation for Musholla renovation at Cihideung Tasikmalaya Police Social 25,000,000
station
103 August 3, 2023 Donation for Masjid An-Nur Boidu Bulango Utara Bone Bolango Social 30,000,000
Gorontalo
104 August 3, 2023 Donation for YPI Daarul Mustofa Serang Banten Social 25,000,000
105 August 3, 2023 SGTC 2023 KCUS AF Tegal Jend Sudirman for Great Mosque Slawi Social 5,000,000
Tegal
106 August 3, 2023 Muharram 1445 H KCUS AF Tasikmalaya Juanda to Yayasan Bakti Social 15,000,000
Tunas Husada Kota Tasikmalaya
107 August 7, 2023 Donation for the operational support of LAZNAS IZI Patient Shelter Health 392,000,000
in Semarang City, Central Java
108 August 7, 2023 SGTC 2023 KCUS AF Semarang MT Haryono for Al-Qodar Mosque Social 5,000,000
109 August 7, 2023 Islamic financial literacy assistance Seminar and Rakernas 2023 MEK Education 50,000,000
PP 'Aisyiyah
110 August 7, 2023 Donation for Ubudiyah Mosque Bangkinang Social 10,000,000
111 August 7, 2023 Donation for Pondok Pesantren Nurul Falah KP Cibodas Banjarsari Social 6,000,000
Village Bayongbong Garut
112 August 8, 2023 Muharram 1445 H KCUS AF Jambi Hayam Wuruk to Al-Mahri Social 15,000,000
Jelutung Orphanage
113 August 9, 2023 Donation for Al-Muhajjirin Mosque Hutuo Limboto Gorontalo Social 40,000,000
114 August 9, 2023 Muharram 1445 H KCUS AF Padang Thamrin to Az-Zahra Jannah and Social 15,000,000
An-Nisa Orphanages Padang City
115 August 11, 2023 Muharram 1445 H KCUS AF Martapura Ahmad Yani to Yayasan Social 15,000,000
Harapan Robbani Sungai Besar Banjar Baru
116 August 16, 2023 Muharram 1445 H KCUS AF Bandung Ujungberung to Baitul Arief Social 15,000,000
Orphanage
117 August 16, 2023 Donation for At-Taqwa Mosque Tugu Permai Complex North Jakarta Social 35,000,000
118 August 16, 2023 Sharia Multi Finance Roadshow Year 2023 Termin 2 with Sharia Education 204,081,533
Economic Society
119 August 18, 2023 Muharram 1445 H KCUS AF Parepare 2 Car Bau Massepe to Rachmat Social 15,000,000
Parepare Orphanage
120 August 21, 2023 Donation for circumcision event of NU Rawalumbu Branch Council Health 43,800,000
Bekasi
121 August 23, 2023 Muharram 1445 H KCUS AF Meulaboh Johan Pahlawan for Social 15,000,000
Muhammadiyah Orphanage West Aceh
122 August 25, 2023 SGTC 2023 KCUS AF Ciputat TangSel at Al-Istiqomah Mosque Social 5,000,000
Cempaka Putih Ciputat Timur Tangerang Selatan Banten
123 August 25, 2023 Donation for Al-Muawanah Islamic Boarding School Cibiru Wetan Social 35,000,000
Cileunyi Bandung West Java
124 August 30, 2023 Muharram 1445 H KCUS AF Bangkinang Teuku Umar for Aisyiyah Social 15,000,000
Orphanage Kampar Riau
125 August 30, 2023 Muharram 1445 H KCUS AF Medan Graha Niaga for As-Salam Social 15,000,000
Integrated Orphanage Binjai
126 September 1, 2023 SGTC 2023 KCUS AF Jember Gajah Mada for Jember Nurul Ittihad Social 5,000,000
Mosque
127 September 6, 2023 SGTC 2023 KCUS AF Padang Thamrin for Masjid Raya Kayu Kalek Social 5,000,000
Padang
128 September 12, Online Sharia Finance Workshop August 24, 2023 with IBFI Trisaksi Education 11,000,000
2023 Consulting
129 September 12, Donation for Baiturrahman Mosque Borongloe Somba Opu Gowa Social 35,000,000
2023 South Sulawesi
130 September 12, Donation for Al-Khoeriyah Madiasari Mosque Cineam Tasikmalaya Social 25,000,000
2023
131 September 14, Continued donation for Adira Finance Syariah's free ambulance Health 127,000,000
2023 service with Dompet Dhuafa in SulSelBarTeng Province
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132 September 19, Online Sharia Finance Workshop September 14, 2023 with Medina Education 10,000,000
2023 Consulting
133 September 20, Donation for Masjid An-Ni'mah Ratu Jaya Cipayung Depok West Social 35,000,000
2023 Java
134 September 21, SGTC 2023 KCUS AF Kediri Erlangga for Palmturi Mulia Jaya Kediri Social 5,000,000
2023 Foundation
135 September 21, Donation for Jami' Nurul Fatonah Mosque KP Babakan Village Social 5,000,000
2023 Cilember Cisarua Bogor Regency
136 September 21, Education fund for SMA Muhammadiyah 8 Ciputat Education 25,000,000
2023
137 September 21, Donation for Tabona Ternate Nurul Yaqin Mosque Social 30,000,000
2023
138 September 25, SGTC 2023 KCUS AF Ciputat TangSel at Ash-Shofa Mosque Depok Social 5,000,000
2023
139 October 2, 2023 Donation for Miftahul Jannah Pasteur Mosque Social 25,000,000
140 October 2, 2023 Donation for Al-Muqoddas Mosque Kuta Padang Social 35,000,000
141 October 2, 2023 Donation for At-Taqwa Mosque Dutulanaa Social 30,000,000
142 October 4, 2023 SGTC 2023 KCUS AF Kediri Erlangga for Masjid Dzikrulloh Pamongan Social 5,000,000
143 October 4, 2023 SGCT 2023 KCUS AF Solo Solobaru for Masjid Al-Huda Gondangsari Social 5,000,000
144 October 4, 2023 Donation for Bina Nusantara Isafat Padang Foundation Social 25,000,000
145 October 4, 2023 Donation for Baitul Hayat Labuan Valley Foundation Social 25,000,000
146 October 4, 2023 Provision of gifts for orphans at the Islamic Women's Orphanage RM Social 32,250,075
Suryowinoto Giwangan Yogyakarta
147 October 4, 2023 Medical Services for Dr. Lie Dharmawan 2 Floating Hospital in Health 668,300,000
Karimunjawa Island
148 October 13, 2023 Donation for the construction and renovation of SDN Lancang Social 299,999,995
Labuan Bajo building
149 October 13, 2023 Donation for Pondok Pesantren Rhaudhatul Akhiroh KP Bojongkeji Social 35,000,000
Bogor
150 October 13, 2023 Donation for Baitul Jannah Mosque Tinelo Gorontalo Social 30,000,000
151 October 13, 2023 Support for 2023 Stunting-Free Villages in Solo and Yogyakarta with Health 120,000,000
Rumah Zakat
152 October 19, 2023 SGTC 2023 KCUS AF Semarang 1 MT Haryono Pengajian Ahad Legi Social 5,000,000
Pagi NU Cepoko Gunungpati Semarang
153 October 20, 2023 SGTC 2023 KCUS AF Semarang 1 MT Haryono for Nurul Ulum Mosque Social 5,000,000
Pucanggading Batursari Mranggen Demak
154 October 20, 2023 Scholarship Juara and Good Scholarship Program Assistance in 2023 Education 105,204,000
with Rumah Zakat
155 October 25, 2023 SGTC 2023 KCUS AF Ciputat TangSel For Yayasan Muslim Paradise Social 5,000,000
City Bambu Apus Pamulang South Tangerang
156 October 25, 2023 Reclassification of benevolent fund for Adira Fest 2023 (term 1) Economy 2,300,000,000
157 October 26, 2023 Donation for Nihayatul Ijaazi Foundation Cibabat Cimahi Utara Social 50,000,000
158 October 26, 2023 SGTC 2023 KCUS AF Jember Gajah Mada for Musholla At-Taufiq Social 5,000,000
Mundurejo Umbulsari Jember
159 October 26, 2023 Continued donation of Adira Finance Syariah's free ambulance Health 385,000,000
service with Filantra Foundation for Jakarta and surrounding areas
160 October 26, 2023 Continued donation of Adira Finance Syariah's free ambulance Health 365,420,000
service with Filantra Foundation for Banda Aceh and its
surroundings
161 November 1, 2023 Donation for Al-Muhajirin Langonsari Mosque Pameungpeuk Social 35,000,000
Bandung
162 November 1, 2023 SGTC 2023 KCUS AF Padang Thamrin for Masjid Djamiatul Wustha Social 5,000,000
Air Pacah Padang
163 November 1, 2023 Donation for YLPI Markaz Al-Ishlah Al-Aziziyah Leung Bata Banda Social 15,000,000
Aceh
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164 November 1, 2023 Procurement of gifts for orphans Baabul Jannah Mosque Pondok Social 35,000,000
Duta 1 Tugu Depok West Java
165 November 1, 2023 SGTC 2023 KCUS AF Semarang 1 MT Haryono for Masjid Jami' jatisari Social 5,000,000
Mijen Semarang
166 November 1, 2023 Donation for YPPS Nurul Mu'minin Baletbaru Sukowono Jember Social 25,000,000
167 November 2, 2023 SGTC 2023 KCUS AF Bandung Ujungberung for Masjid Jami' Al- Social 5,000,000
Hikmah Cinunuk Cileunyi Bandung
168 November 3, 2023 Donation for Pondok Pesantren Ziyadatulfalah Cigombong Bogor Social 50,000,000
169 November 3, 2023 Donation for Al Aziiz Slawu Patrang Jember Islamic Boarding School Social 25,000,000
170 November 3, 2023 SGTC 2023 KCUS AF Jambi Hayam Wuruk for Masjid Jami' Social 5,000,000
Miftahurrahman Simpang Sungai Duren Jambi Outside Muaro
Jambi City
171 November 3, 2023 SGTC 2023 KCUS AF Yogyakarta Tegalrejo for Darussalaam Mosque Social 5,000,000
Beran Kidul Tridadi Sleman Yogyakarta
172 November 6, 2023 Donation for the mass circumcision of Al-Ikhlas Tuladenggi Mosque Health 48,500,000
Telaga Biru Gorontalo
173 November 6, 2023 Donation to support the operational costs of the Laznas IZI Health 750,000,000
Hemodialysis Clinic in Limo Depok, West Java
174 November 7, 2023 Donation for Stunting Eradication Program of Bogor City Health 8,000,000
Government with Yamaha Mekar Motor Dealer
175 November 8, 2023 OWKS October 19, 2023 with Amana Sharia Consulting Education 10,000,000
176 November 14, 2023 Branch Charity 2023 for Musholla Al-Ikhlas Tembokrejo Pasuruan Social 25,000,000
177 November 15, 2023 SGTC 2023 KCUS AF Jember Gajah Mada for Baitul Ridho Umbulsari Social 5,000,000
Jember Mosque
178 November 15, 2023 Cluster Collection 2023 West Bandung for Masjid Ar-Ridho Social 5,000,000
Burangrang Lengkong Bandung
179 November 16, 2023 SGTC 2023 KCUS AF Ciputat Tangsel for Masjid Nurul Yaqien Social 5,000,000
Cinangka
180 November 16, 2023 SGTC 2023 KCUS AF Solo Solo Baru for Masjid Al Furqon Nguter Social 5,000,000
Sukoharjo
181 November 16, 2023 SGTC 2023 KCUS AF Tasikmalaya for Masjid Nurul Muminiin Social 5,000,000
Tasikmalaya
182 November 16, 2023 SGTC 2023 KCUS AF Kediri Erlangga for Yayasan As-Shidiq Kediri Social 5,000,000
183 November 22, 2023 SGTC 2023 KCUS AF TEGAL Jend Sudirman for Raudatul Jannah Social 5,000,000
Pecabean Mosque
184 November 22, 2023 SGTC 2023 KCUS AF Kediri Erlangga for Mushola At Taubah Kediri Social 5,000,000
185 November 22, 2023 SGTC 2023 KCUS AF Jogja Tegalrejo for Masjid Al Barokah Jogja Social 5,000,000
186 November 23, 2023 Branch Charity 2023 for Masjid Jami al Hasanah Tapos Depok Social 50,000,000
187 November 24, 2023 SGTC 2023 KCUS AF Solo Solo Baru for Baitusy Syukur Solo Mosque Social 5,000,000
188 November 24, 2023 Branch Charity 2023 for Mushola Nurul Iksan Mancak Social 25,000,000
189 November 24, 2023 SGTC 2023 KCUS AF Jambi Hayam Wuruk for Masjid al Muhajirin Social 5,000,000
jambi
190 November 24, 2023 Branch Charity 2023 for Musholla As-Sa'adah Padurenan Social 35,000,000
191 November 27, 2023 Branch Charity 2023 KCUS AF Bandung Ujungberung for Yayasan Social 35,000,000
Esa Nugraha Bhakti Bandung Ciseureuh
192 November 27, 2023 Online Sharia Finance Workshop 2023 November 16, 2023 with Education 10,000,000
Medina Consulting
193 November 27, 2023 Branch Charity 2023 KCUS AF Ternate Merdeka for Masjid At-Taqwa Social 30,000,000
Jaya Tidore Utara Tidore Islands City
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194 November 28, 2023 Branch Charity 2023 KCUS AF Solo Solo Baru for Yayasan Anugerah Social 25,000,000
Rumah Cinta Karanganyar Tohudan Colomadu Karanganyar
195 November 29, 2023 Procurement and provision of Gerobak Berkah to partner traders Economy 11,200,000
KCUS Bekasi 1 Grand Mall
196 November 30, 2023 Reclassification of benevolent fund for Adira Fest 2023 (2nd term) Economy 700,000,000
197 December 1, 2023 Branch Charity 2023 KCUS AF Jember Gajah Mada Foundation Social 25,000,000
Fatihul Ulum Jember
198 December 4, 2023 Branch Charity 2023 KCUS AF Bangkinang Teuku Umar for Masjid Social 10,000,000
Az-Zikra Tg Berulak Kampar
199 December 4, 2023 Branch Charity 2023 KCUS AF Jaksel 3 Car Tebet for DKM Syarifatul Education 45,000,000
Amin Jayasampurna
200 December 5, 2023 Production of sharia financial literacy video in 2023 with vendor PT. Education 299,350,000
Lingkaran Fokus Indonesia
201 December 8, 2023 SGTC 2023 KCUS AF Ciputat-Tangsel Musholla Arrofiatut Thoyibah Social 5,000,000
202 December 7, 2023 SGTC 2023 KCUS AF Ciputat-Tangsel Baitul Mu'minin Mosque Social 5,000,000
203 December 8, 2023 SGTC 2023 KCUS AF Kediri Musholla Taufiqurrohman Kediri Social 5,000,000
204 December 8, 2023 Branch Charity 2023 KCUS AF Pasuruan for Baitur Rokhim Mosque Social 40,000,000
205 December 13, 2023 Branch Charity 2023 KCUS AF Semarang MT Haryono for Majelis Bani Social 25,000,000
Walisongo Mlatibaru Foundation
206 December 13, 2023 SGTC 2023 KCUS AF Semarang MT Haryono for Diponegoro Undip Social 5,000,000
Pleburan Mosque
207 December 13, 2023 Branch Charity 2023 KCUS AF Bengkulu for Yayasan Generasi Al Social 30,000,000
Kahfi Indonesia Padang Serai
208 December 14, 2023 Branch Charity 2023 KCUS AF Bandung 2 Car Jl Peta to Yayasan Health 27,700,000
Anni'mah Alkarimah Sukamenak
209 December 14, 2023 Branch Charity 2023 KCUS Medan Graha Niaga For BKM Husnul Health 5,450,000
Hidayah Tanjung Gusta
210 December 14, 2023 Branch Charity 2023 non-KCUS Depok 3 Car Juanda to Rumah Baca Social 39,800,000
Ceria Pengasinan Foundation
211 December 15, 2023 Procurement and provision of Portable Booths to 10 members of the Economy 43,050,000
Go-MasjidPreneur Community in Makassar City
212 December 19, 2023 Branch Charity 2023 KCUS South Jakarta 3 Car Tebet to Al-Ikhlas Social 35,000,000
Ragajaya Mosque
213 December 19, 2023 Branch Charity 2023 KCUS South Jakarta 3 Car Tebet for Al-Manar Health 25,000,000
Mosque Cisalak Depok
214 December 19, 2023 Branch Charity 2023 KCUS Gorontalo Nani Wartabone for Baitul Social 30,000,000
Jannah Tinelo Mosque
215 December 19, 2023 Branch Charity 2023 KCUS Langsa Ahmad Yani for Nurul Hidayah Social 26,500,000
Mosque Gp Meurandeh
216 December 21, 2023 SGTC 2023 KCUS Kediri Erlangga Mushola Darussalam kediri Social 5,000,000
217 December 21, 2023 SGTC 2023 KCUS JAMBI HAYAM WURUK for Masjid Al Ikhlas Jambi Social 5,000,000
218 December 22, 2023 Branch Charity 2023 KCUS Pasuruan for Musholla Hidayah Jati Social 30,000,000
219 December 22, 2023 Branch Charity 2023 KCUS Langsa for Taqwa Mosque Social 30,000,000
220 December 22, 2023 Branch Charity 2023 KCUS Yogyakarta for Fathan Mubina Mosque Social 35,000,000
221 December 26, 2023 Branch Charity 2023 KCUS Cirebon for An Nur Mosque Social 5,000,000
222 December 26, 2023 Branch Charity 2023 KCUS Gorontalo Nani Wartabone for Al Social 30,000,000
Muhajirin Mosque
223 December 27, 2023 Scholarship assistance for Master of Management Program Education 31,600,000
Pamulang University for Rosyanti Yosi
224 December 27, 2023 Branch Charity 2023 KCUS Samarinda for FJDK Elderly & Orphan Social 15,000,000
House
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225 December 27, 2023 SGTC 2023 KCUS YOGYAKARTA for Al Furqon Mosque, Yogyakarta Social 5,000,000
226 December 27, 2023 SGTC 2023 KCUS SOLO for Nurul Huda Pule Mosque Social 5,000,000
227 December 27, 2023 Donation for local construction of MT building and Pesantren Social 50,000,000
Darussalam Bantar Karet Nanggung Bogor West Java
Core Debtors
Nominal Amount
No. Funds Provided Number of Parties
(IDR Million)
To Sharia Core Debtors
a. Individual 50 72,458
b. Group 50 88,412
Self-Assessment Results of Adira Finance’s Sharia Business Unit Governance in 2023
Rating
No. Scoring Factor
Individual Consolidated *
1. Good Corporate Governance Rating 1 -
Analysis
Based on the analysis of all the assessment criteria or indicators mentioned above, it is concluded that:
A. Governance structure
- The strengths of the Company's governance structure are:
• The duties and responsibilities of the Company's Board of Commissioners have been carried out effectively and
comply with the principles of Good Corporate Governance. Members of the Board of Commissioners are able to act
and make decisions independently, have competence and integrity in accordance with the size and complexity of
the Company's business and have complied with applicable regulations. In addition, the Board of Commissioners
Meeting is also held effectively and efficiently.
• The duties and responsibilities of the Board of Directors have been carried out properly, effectively and in
accordance with the principles of Good Corporate Governance. The number and composition of the Board of
Directors have complied with applicable regulations, where members of the Board of Directors are able to act and
make decisions independently, have competence and integrity in accordance with the size and complexity of the
Company's business. In addition, Board of Directors Meetings are also held effectively and efficiently.
- The weakness of the Company's governance structure aspect is the number of Independent Commissioners which
is only 33.3% of the total Board of Commissioners. Based on the principles of Corporate Governance in the ASEAN CG
Scorecard, the number of Independent Commissioners is at least 50% of the total Board of Commissioners.
B. Governance process
- The strength of the Company' s governance process aspect is that the completeness and implementation of the
Committee's duties are considered good considering that the implementation of the Committee's duties has been
effective, the Committee's recommendations are quite useful and can be used as reference material for the decisions
of the Board of Commissioners, and the holding of Committee meetings has run in accordance with the work
guidelines of each Committee and is carried out effectively and efficiently.
- The weakness of the Company's governance process aspect is that the majority of members of the Company's
Nomination and Remuneration Committee are Commissioners, while in the ASEAN CG Scorecard, the majority of
members of the Nomination and Remuneration Committee should be Independent Commissioners.
C. Governance outcomes
- The strength of the aspects of the implementation of the Company's governance outcomes is that the Company is
always transparent in submitting financial statements and non-financial reports. These reports are submitted in a
complete, accurate, relevant and complete manner and on time in accordance with applicable regulations.
- The weakness of the Company's governance outcome is that there are still business practices that are not in
accordance with the provisions of the Financial Services Authority, so adjustments need to be made to be able to
achieve full compliance with national and international standards.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 432
05
ENVIRONMENTAL
AND SOCIAL
RESPONSIBILITY
428
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Page 433
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
429
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 434
Table of Contents
Sustainability Performance at a Glance 432
About This Report 440
Social Responsibility in the Field of Community 444
Development
Social Responsibility in the Fields of Labour 452
Practices and Occupational Health and Safety
Environmental Social Responsibility 458
Social Responsibility to Consumers 464
IT: Business Development Strategy 470
Testimony 472
430
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 435
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
ENVIRONMENTAL AND SOCIAL
RESPONSIBILITY
Adira Finance has also established a
sustainability performance matrix for
the Consumer Finance industry sector
from the Sustainability Accounting
Standards Board (SASB) to provide
more specific information, especially to
investors on sustainability issues that
have the most significant impact on
the Company’s financial performance.
431
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 436
SUSTAINABILITY MANAGEMENT
[GRI 2-12] [GRI 2-14]
The increasingly complex activities of
Sustainability the business and industrial world have
presented a challenge to Adira Finance,
Performance
which has responded by committing
to carrying out business activities while
at a Glance
paying careful attention to economic,
social, and environmental factors.
One of the primary goals of Adira
Finance's sustainability management
is to implement business activities that
support the achievement of various
goals aligned with the Sustainable
Development Goals. Adira Finance
defines sustainability as not only
achieving profitability but also making
Primary goals of Adira Finance’s a positive contribution to society and
sustainability management is to implement the environment. This is the foundation
business activities that support the
that Adira Finance uses to guide all of its
achievement of various goals aligned with
the Sustainable Development Goals. operational activities.
Adira Finance also implements the
Sustainable Finance Action Plan (SFAP)
For Adira Finance, in accordance with OJK regulations to
sustainability in achieving ensure that every strategic decision is
success is a basic foundation not only focused on financial business
benefits, but also benefits all stakeholders.
that must be applied to every
business strategy so as to To ensure that sustainable performance
is carried out in accordance with the
generate broad benefits for all
predetermined plan, the Company
stakeholders. established a sustainability work team
in 2020, consisting of the Strategic
Marketing Division, Corporate University
Division, Credit & Collection Division,
Risk Management Division, HCGA
Division, Brand Communication Division,
Compliance & AML Unit, and Corporate
432
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Page 437
Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Secretary & Investor Relations Division. The Legal, and several divisions under it to ensure
implementation of the Sustainable Finance that sustainable performance is carried out in
Program is the responsibility of the Marketing, the Company's activities in accordance with the
HCGA, CREM & Corpu Director, Portfolio Director, Sustainable Finance Action Plan. Meanwhile,
and Deputy Director - Head of Credit, Collection & environmental and social activities, including
Legal. managing impacts, risks, and opportunities, are
carried out by several related divisions within
DUTIES AND RESPONSIBILITIES OF different directorates.
SUSTAINABILITY ASPECTS [SEOJK E.1] [GRI 2-13]
Key to the implementation of commitments to In conducting monitoring, the Company
various sustainability aspects is the assignment applies the four-eyes principle to improve the
and responsibility of relevant divisions within the effectiveness and efficiency of sustainable finance
Company. In this context, Adira Finance assigns action implementation, especially in lending to
the Marketing, HCGA, CREM & Corpu Director, sustainable business activities.
Portfolio Director, Director Credit, Collection &
433
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 438
The unit in charge and person in charge of monitoring and evaluating the Sustainable Finance Action Plan
are as follows: [GRI 2-12]
Activity Unit in Charge PIC
Monitoring the preparation of the Corporate Secretary Head of Corporate Secretary
Sustainability Report
Monitoring the implementation of Corporate Secretary Head of Corporate Secretary
sustainable finance action program
Monitoring the Implementation of Corporate University Head of Corporate University
Internal Education
Monitoring the Realization of Corporate Brand & Communication, Human • Head of Brand & Corporate
Social Responsibility Capital & General Affair, Sharia Business Communication;
Unit • Head of Human Capital & General
Affair;
• Head of Sharia.
Monitoring the Realization of Workplace Human Capital & General Affair Head of Human Capital & General Affair
Management
Monitoring lending to Sustainable Credit and Risk Management • Head of Credit;
Category Business Activities • Head of Risk;
• Head of Marketing.
Monitoring Credit Risk Profile Credit and Risk Management Head of Credit and Head of Risk
Sampling Compliance Test on lending to Risk Management Head of Risk
Sustainable Category Business Activities Compliance & AML Head of Compliance
Evaluation of the Sustainable Finance Sustainability Work Team Sustainability Work Team Coordinator
Action Program
Adira Finance routinely evaluates the implementation and execution of sustainability performance every
3 (three) months by comparing the program implementation plan stated in the SFAP. In the event that
sustainable finance cannot be implemented in accordance with the work program and timeline that have
been planned, the Company will follow up as follows: [SEOJK E.3][GRI 2-18]
a. Reviewing the performance indicators used for the following years based on the realization of the
Sustainable Finance program that has been implemented;
b. Revising the Sustainable Finance Action Plan.
SUSTAINABLE FINANCIAL COMPETENCY DEVELOPMENT [SEOJK E.1] [GRI 2-17]
Sustainability issues are not only a concern but also a part of the Company's identity. Adira Finance
has realized that, as one of the leading companies in Indonesia, the Company has a significant role in
promoting sustainable development.
In carrying out this responsibility, Adira Finance recognizes the importance of developing sustainable
finance competencies in the Company's decision-makers. The Board of Commissioners and Board of
Directors need to have an in-depth understanding of sustainability issues, strategic knowledge on how
to integrate it into business strategy, as well as access to the latest information related to sustainability in
order to be in line with the commitment of the Government of Indonesia, which has declared the SDGs
and Net Zero Emission targets.
434
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
The process of enhancing employee competence in social and environmental risk management
includes: [GRI FS4]
Activities Date Place Participant
Sustainable Development Goals & December 4-5, 2023, December 6-7, 2023 Online zoom 82
Sustainable Finance class for newly entered
manager up in 2023
Sustainable Development Goals & Every month (participants take turns Digilearn 4,534
Sustainable Finance e-learning module for alternately)
staff to assistant manager levels
TTT programs related to financial literacy November 24-25, 2023 Jakarta 15
and sustainable finance
ADIRA FINANCE SUSTAINABILITY Meanwhile, to face the globalization era,
STRATEGY [SEOJK A.1] [GRI 2-22] [GRI 2-23] [GRI Adira Finance continues to optimize various
2-24] technologies and innovations through digital
As the business world evolves and moves rapidly, transformation to improve efficiency and provide
Adira Finance recognizes that adaptation is the best service for consumers. In line with these
essential when it comes to ensuring operational strategic efforts, Adira Finance upholds the
continuity. As a major player in the financing customer-centric principle, where understanding
industry, Adira Finance faces these challenges and serving customer needs are the focus of
with a commitment to continuously adapt and every initiative and product development.
innovate.
The Company also implemented the Sustainable
Facing industrial dynamics and the increasingly Finance Action Plan in accordance with
diverse needs of society, Adira Finance understands OJK Regulation No.51/POJK.03/2017 on the
that sustainability is an irreplaceable foundation Implementation of Sustainable Finance for
for the Company's future growth. Adira Finance Financial Services Institutions, Issuers, and Public
believes that implementing sustainability values Companies. Through the SFAP, Adira Finance
is a long-term commitment to creating positive has determined 5 (five) pillars that serve as the
value for all stakeholders. foundation for the Company in implementing
sustainability practices for a period of five years
In achieving sustainability, support from all (2020–2024).
stakeholders is fundamental. Adira Finance
believes that harmonious relationships and Since 2021, Adira Finance has also established a
collaboration between employees, consumers, sustainability performance matrix for the Consumer
business partners, communities, and other Finance industry sector from the Sustainability
stakeholders are the main pillars for realizing Accounting Standards Board (SASB) in order to
positive changes that have a long-term impact. provide more specific information, particularly to
investors, regarding sustainability issues that have
In 2023, Adira Finance remains committed to the most significant impact on the Company's
continuing its initiatives and commitments in financial performance, namely, consumer privacy,
running its business by taking into account data security, and selling practices.
principles that are aligned with the Sustainable
Development Goals (SDGs).
435
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 440
How We Do It [SEOJK F.1][GRI 3-1][GRI 3-2]
Focus Areas & Success Indicators
2023 Target 2023 Achievement
Commitments 2020-2024
Governance and Process • Availability of a Availability of 2022 The Company has published the 2022
Building governance and Sustainability Policy Sustainability Report. Financial Year Sustainability Report
processes to establish the which is a reference integrated with the 2022 Financial Year
Sustainable Finance function for all work units Annual Report in March 2023.
at ADIRA Finance of the Company in
implementing SFAP;
• Publish annual
Sustainability Report.
Internal Capacity • Building employee • Implementation of • Throughout 2023, training/seminars on
Development awareness of training/seminars the topic of Sustainable Development
Developing internal capacity Adira Finance's on the topic Goals and Sustainable Finance for
commitment to of Sustainable managers who have just entered in
implementing Development Goals 2023 were held on December 4-5 and
Sustainable Finance and Sustainable 6-7, 2023 with a total of 82 participants;
and provide training Finance for incoming • Throughout 2023, e-learning
in stages over the managers in 2023; modules on the topic of Sustainable
course of 2021-2024 • Implementation of Development Goals & Sustainable
on topics such e-learning on the Finance for staff to assistant manager
as sustainability, topic of Sustainable levels have been accessed and studied
knowledge of Development Goals & by 4,534 employees;
Sustainable Finance, Sustainable Finance • Throughout 2023, the Train the
and industry learning. for staff level up to Trainers program related to financial
assistant manager literacy and sustainable finance has
with a target of 4,000 been attended by 15 trainers from
participants; 9 regions;
• Implementation of • The Company has finished developing
TTT program related financial literacy and sustainable
to financial literacy finance modules for new employees;
and sustainable • The Company has also started to
finance to prepare build awareness on Carbon Offset by
trainers in each holding mini talk shows on the topics
region; of "Care for my Earth", "Polluted Air,
• Availability of Threatened Climate", and also initiated
financial literacy and the Carbon Offset Project.
sustainable finance
modules for new
employees.
Sustainable Financing & • Reviewing financing • Having an electric • The Company has an electric vehicle
Financial Literacy policies and vehicle financing financing policy. Total new financing
Designing sustainable developing financing policy; for electric vehicles as of December
financing programs and guidelines that • Conducting 31, 2023 was IDR186.5 billion, increased
increasing financial literacy incorporate social, marketing programs significantly compared to only IDR29
and inclusion activities as one environmental, and for financing billion on December 31, 2022;
of the supports for national industrial aspects; environmentally • Total financing value based on 17
development These guidelines friendly products and Sustainable Development Goals as
will be in effect marketing programs of December 31, 2023 was IDR14,416
beginning in 2023; aimed at consumers trillion;
• Beginning in 2023, in accordance with • As of December 31, 2023, Adira Finance
financial assistance the 17 SDGs; has collaborated with 26 electric
will be provided to • Cooperating with 10 motorcycle brands with total bookings
consumers whose electric motorcycle of 3,967 units or IDR66.4 billion.
activities are related brands.
to the Sustainability
business;
• Financial Inclusion
and Financial
Literacy Program in
accordance with OJK
regulations.
436
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Focus Areas & Success Indicators
2023 Target 2023 Achievement
Commitments 2020-2024
Responsible Workplace • Implementing energy • Plastic and styrofoam • The Company has implemented a
Management saving programs abstinence policy of bringing your own cutlery,
Upholding environmental such as changing the movement; using your own water bottle, and
standards in the use operational hours • Saving 2% on utilizing 1-sided paper reuse in all of
or utilization of natural of lighting and air electricity, convert the Company's working areas.
resources through designing conditioning. to LED lamp, saving • The Company managed to record
responsible workplace the use of water electricity costs 4% lower than
management programs tap and conduct budget and installed solar panels in 5
saving electricity branch office buildings owned by the
competition in the Company.
Company's business • The Company has carried out Emission
networks; Tests in 6 cities namely Yogyakarta,
• To have waste Bogor, Jakarta, Bekasi, Cikarang
management and Makassar for 1,356 motorcycles
standard (among and 284 cars at a total cost of IDR85
others on paper million.
waste); • The Company has carried out Safety
• To reduce the use of Riding Training in Medan, Palembang,
paper; Denpasar, Surabaya, and Bandung
• To conduct emmision with a total cost of IDR75 million.
test and safety riding
training.
Implementation of • Participating in • Implementation of • The Company has organized Adira
Corporate Social and support the Adira Festival 2023; Festival in 5 major cities namely
Responsibility Corporate Social • Implementation of Medan, Surabaya, Yogyakarta,
Contributing to the Responsibility Festival Pasar Rakyat Jakarta, and Makassar with a total
improvement of the program, which 2023; cost of approximately IDR1.5 billion.
welfare of the surrounding includes: • Implementation Adira Festival is Adira Finance's 33rd
community by developing a. Community and of reforestation anniversary celebration event aimed
Corporate Social cultural activities, activities; at Sahabat and is a collaborative
Responsibility programs such as holding • Direct assistance to event between Adira Finance and the
Local Creative disaster victims; ecosystem such as dealers, business
Festival; • Health assistance to partners, employees and families.
b. Environmental the society in need; • Festival Pasar Rakyat is part of the
preservation • Scholarship for the Adira Festival which is an event that
activities in the employee; is intensified to provide a platform for
the Company's • Education activities financial education and literacy for
operational area; for students of MSMEs. This event is in collaboration
c. Disaster quick Vocational High with the Sharia Economic Society
response and School; (MES) and has been held in 5 major
assistance for • Increment of electric cities namely Medan, Surabaya,
disaster victims; motorcycle financing Yogyakarta, Jakarta, and Makassar
and portions. which was attended by more than 600
d. Education and MSMEs.
health. • The Company has planted trees in
9 cities with a total cost of IDR150
million.
• As of December 31, 2023, the Company
has distributed direct assistance to
disaster victims amounting to IDR156
million.
• The Company has distributed Health
assistance program through Increso
of IDR360 million until December 31,
2023.
• The Company has distributed
scholarships amounting to IDR585
million for approximately 76 students.
• The Company has held 2 financial
literacy activities with a total of 244
participants and a cost of IDR35
million. In addition, the Company also
built digital libraries in 10 locations
throughout Indonesia at a cost of
IDR240 million.
• As of December 31, 2023, the Company
has provided subsidies for financing
electric motorcycles amounting to
IDR5 billion for approximately 2,036
units of electric motorcycles and
subsidies for financing electric bicycles
amounting to IDR606 million for
approximately 330 units of electric
bicycles.
437
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 442
Organizational Structure of Adira Finance Sustainable Finance Committee [GRI 2-14]
Sustainability Head
Swandajani Gunadi
Harry Latif
Denny Riza Farib
Sustainability
Sustainability SF Product
CSR Governance &
Operation Specialist
Reporting
(Brand & Communication (Sustainability WorkTeam) (Risk Management, Marketing & (Finance, Corporate Planning
Division) Portfolio Division) Strategy, Corporate Secretary &
Investor Relations Division, and
Compliance & AML Unit)
Stakeholder Engagement
Stakeholder engagement has been the basis of Adira Finance's Sustainability Report preparation process.
We believe that sustainability can only be achieved through open collaboration with various parties involved
in and related to the Company's operations.
Through this matter, Adira Finance expects to gain deeper insights into the challenges and opportunities
faced and how the Company can have a positive impact on all stakeholders. Adira Finance will then design
a more accurate and customized sustainability strategy.
To achieve this goal, Adira Finance adheres to the following principles: [GRI 3-1]
Inclusivity Materiality Responsive
Stakeholders are involved as parties who This stakeholder engagement process The process of monitoring changes in
have a direct interest in the business, helps Adira Finance to identify and the environment in which the Company
and those who are affected by the manage emerging issues. operates in order to ensure that issues
Company's business and operations. of concern to stakeholders can be
managed continuously.
Adira Finance actively communicates with stakeholders, including consumers, employees, shareholders,
non-governmental organizations, and the government, while preparing the Sustainability Report, using a
variety of methods such as the Investor Newsletter, analyst meetings, conference calls, and others. Through
these various methods, Adira Finance is able to understand the topics and issues that stakeholders are
concerned about, which will then serve as valuable input in shaping the Company's strategy and decisions.
Identification of Stakeholders [SEOJK E.4] [GRI 2-29]
Key Topics and Approach
Stakeholders
Stakeholder Needs Engagement Method Objective Frequency
Shareholders & Economic • Public Expose Conveying the • Minimum once
Investors Performance • GMS Company’s per year for Public
• Annual and performance Expose, GMS, as
Sustainability Report well as Annual and
• Investor Meeting Sustainability Report.
• Investor Meetings
are held at least once
every month. In 2023,
there have been 15
investor meetings.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Key Topics and Approach
Stakeholders
Stakeholder Needs Engagement Method Objective Frequency
Business Partner Regular Meeting • Maintaining good Minimum once every
relationship; quarter
• Joint Marketing
Activities.
Government and Regulation & • Report; Maintaining good Planned regularly
Regulator Compliance • Permits/License; relationship
• Consulting.
Employees • Engagement, • Meeting, Training and • Increasing employee • Planned regularly;
competency Education; competency and • Once a year.
improvement; • Employee knowledge;
• Level of Employee Satisfaction Survey. • As a forum for
Engagement and employees to
Satisfaction with provide input for the
the Company. Company.
Consumer • Providing customer • Serving requests • Branch office services
service through for information, on working days &
branch offices, call providing services hours;
centers, WhatsApp needed, or receiving • Services via call
chat, e-mail and complaints; center, e-mail,
social media; • Financial literacy Whatsapp chat and
• Customer Gatherings; education, products & social media are
• Adira Finance's services; available 24/7;
official social media; • Providing information • As needed, carried
• Customer satisfaction and education about out at the branch
survey. finance, products and office level;
services; • Information and
• Receiving questions educational materials
or complaints from are posted no later
consumers or the than once every 3
public; days;
• Surveys conducted • Questions and
to monitor customer complaints are
satisfaction. responded to within
a maximum of 24
hours;
• Customer satisfaction
survey is conducted
once per year.
Non-Governmental CSR Program. Maintaining good As needed.
Organizations (NGOs) relationship.
Local Community • Adira Finance's Providing support Planned regularly every
CSR Program for to the Company's year at least once per
Indonesia; ecosystem, community year for each activity.
• Community and surrounding
meetings; communities in the
• Community Visits; development and
• Face to face; improvement of their
interaction. lives.
Media • Media Updates; Providing the latest • Planned regularly
• Partnerships; information regarding quarterly and
• Press conference; programs and annually. (Media
• Media Visits; activities, as well as the Update, Media Visit);
• Press conference. performance of the • Planned based
Company. on implemented
Company programs
(Partnerships, Press
Releases, Press
Conferences).
Industry Association • Industry • Meeting; • Obtaining the latest Planned regularly.
performance; • Gathering. information on
• Industry-related industrial conditions;
regulations. • Serving as a forum for
conveying aspirations
to Regulators.
439
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 444
With a commitment to always strive
for business activities based on
sustainability principles, Adira Finance
About This Report continues to prepare its Sustainability
Report for the 2023 reporting year, in
accordance with the Company's values.
In this Sustainability Report, Adira
Finance discusses various aspects of the
Company's sustainability performance,
including its strategies and policies
for conducting sustainable operations.
Information on Adira Finance's
sustainability performance will be
available to all stakeholders and will
play an important role in supporting the
company's sustainability and business
activities.
Adira Finance discusses various aspects of In line with the government's plan to
the Company’s sustainability performance, achieve various outcomes in line with the
including its strategies and policies for
Sustainable Development Goals (SDGs),
conducting sustainable operations.
Adira Finance will regularly publish a
sustainability report every year. The
Sustainability Report presented is also a
form of Adira Finance's compliance with
This Sustainability Report government regulations, specifically
has been prepared to provide POJK No.51/POJK.03/2017 concerning the
an in-depth view of Adira Implementation of Sustainable Finance
for Financial Services Institutions, Issuers,
Finance’s achievements, and Public Companies.
challenges, and initiatives
The content of this Report is about
in fulfilling its sustainability
Adira Finance's overall sustainability
commitments in various performance, social activities, and
aspects of the Company’s operations for the period of January 1,
2023 - December 31, 2023. In this report,
business. there are no significant changes to
the principles, structure, or scope of
reporting, and no restatement of data
or information that were reported in
previous reports. [GRI 2-4]
440
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Technical Standards for Reporting has been separately audited by an independent
This Sustainability Report has provided reports external auditor, in particular financial data and
and information cited in the GRI content index for information that is also included in the Adira
the period of January 1, 2023 - December 31, 2023, Finance Annual Report.
as well as OJK Regulation No.51/POJK.03/2017 on
the Implementation of Sustainable Finance for This report has not been subject to an independent
Financial Services Institutions, Issuers, and Public assurance process. The assurance process in this
Companies. As a reference in the preparation report is carried out by the Company internally.
and selection of material topics in this report, However, an assurance process on the financial
the Company uses the Sustainability Accounting statements has been carried out by the auditing
Standards Board (SASB) criteria for the consumer firm Imelda and Partners, the statement of which
finance industry sector. In order to facilitate the can be found on page 499-506. [SEOJK G.1][GRI 2-5]
reader's understanding of the report content with
GRI standards indicators, Adira Finance provides a Determining Materiality : Topics of
cross-reference index of report content with POJK Importance to Our Stakeholders [GRI 3-1]
criteria and GRI standards, which can be found on In preparing the Sustainability Report, Adira
page 659-662. [GRI 2-3] [GRI 2-4] Finance understands the importance of presenting
data and information in a relevant, complete, and
Ensuring the Report Credibility detailed manner. In this way, the Sustainability
As of 2023, Adira Finance has not conducted Report can be useful for the development of the
an independent verification process for its Company, and can also provide all the information
Sustainability Report. However, during the needed by stakeholders.
preparation process of the Sustainability Report,
all data and information included can be assured Based on this, Adira Finance has carried out a series
of accuracy and credibility as it has undergone of processes to identify material topic aspects
an internal review process by the Adira Finance by incorporating the Sustainability Accounting
Sustainability Report team and has used data that Standards Board (SASB) criteria for the consumer
441
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 446
finance industry sector based on the SASB Sustainability Industry Classification System. The SASB is a
standard for sustainability accounting that includes thematic criteria that have been considered in the
principles:
• Global Applicability;
• Financial Materiality;
• Industry-specific Standard Setting.
Through the review of material topics aligned with the topics and criteria of the SASB Standard for
Consumer Finance (SASB Sustainability Industry Classification System), Adira Finance expects to be able
to present a broader and more comprehensive Sustainability Report that contains a variety of issues that
are central, closely related to the Company’s activities in the multifinance sector, and relevant to priority
topics for stakeholders. Presentation of the data in accordance with the SASB matrix up to the end of 2023
is still in the process of data collection.
Important for Adira Finance
List of Material Topics of Adira Finance in 2023:
1. Financial Performance;
2. Financing portfolio and contribution to the
1 National Economic Recovery;
3. Labour, competence and employee welfare;
High
6 4. Responsible Lending, Financial Literacy and
2 Education, and Consumer and Community
7 Protection;
5. Consumer and Community Protection;
3 6. Selling Practice and Product Information
Moderate
Clarity;
4 7. Customer Privacy;
8. Data Security;
9. Community Development Programme (social
contribution).
5
Low
8
Low Moderate High
In this regard, the aspects that are of major concern (material in nature), both to stakeholders and Adira
Finance, are: [GRI 3-2][GRI 3-3]
Boundaries and Relevancy
No. Material Topics
Business
Adira Finance Communities
Partner
1. Financial Performance √ √ -
2. Financing portfolio and contribution to the National Economic √ √ √
Recovery
3. Labour, competence and employee welfare √ - -
4. Responsible Lending, Financial Literacy and Education, and √ √ √
Consumer and Community Protection
5. Selling Practice and Product Information Clarity √ - √
6. Customer Privacy √ √ √
7. Data Security √ √ √
8. Community Development Programme (social contribution) √ - √
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Scope, Reporting Boundaries, and Data Further Information and Feedback [GRI
Reporting 2-3]
In preparing the Sustainability Report, Adira Adira Finance recognizes that there are still
Finance collected data on the Company's limitations in the production of this Sustainability
sustainability performance throughout 2023, both Report. For this reason, we welcome various
quantitatively and qualitatively, both internally and inputs, suggestions, and feedback from readers,
externally. The boundaries and scope presented addressed to:
include the head office and all business networks
spread across Indonesia. [GRI 2-2] PT Adira Dinamika Multi Finance Tbk
Corporate Secretary
The data collection and reporting standards have Millennium Centennial Center 59th Floor
been adapted to the general standards for each Jl. Jend. Sudirman No.Kav. 25, RT.10/RW.1,
sustainability topic. This makes the Adira Finance Kuningan, Karet, Setiabudi, South Jakarta
Sustainability Report relevant and generally Jakarta 12920, Indonesia
applicable. The financial data reported in the Tel. : (62-21) 39733232
sustainability report is prepared in accordance with Fax. : (62-21) 5296-4158
the Indonesian Financial Accounting Standards E-mail : af.corsec@adira.co.id
(PSAK). As for sustainability data reporting, Website : www.adira.co.id
Adira Finance refers to the Financial Services
Authority Regulation No.51/POJK.03/2017 on the
Implementation of Sustainable Finance. Adira
Finance also implements ISO 26000 as a reference
in carrying out community development activities.
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Social Issues Concerning the
Impact of Company Activities
Relevant to The Company's
Social Responsibility Business, As Well As Social and
Economic Risks Concerning the
In The Field of
Company's Business Activities
Adira Finance realizes that to achieve
Community
sustainability, the Company must have
goals and targets that are aligned
Development
and balanced between economic,
environmental, and social performance.
[SEOJK F.23] [SEOJK F.25] Therefore, in carrying out its business
activities, the Company always strives to
produce positive performance that not
only focuses on business success but also
on how the Company can provide broad
benefits and bring added value to society.
The Company believes that the business Adira Finance is committed to
partnership program has great benefits sustainably implementing various
for small businesses, as it can improve
Social and Environmental Responsibility
business sustainability and capacity in
areas including market, capital, technology, (TJSL) programs. Adira Finance always
management, and entrepreneurship. collaborates with stakeholders to run
various programs that aim to improve
and develop environmental, social, and
Adira Finance is committed to economic sustainability while improving
continuously implementing the quality of life in the community.
various corporate social
With the TJSL program, Adira Finance
responsibility (CSR) programs is also committed to progressing and
that provide positive growing with the people of Indonesia,
which is implemented in the form of
benefits in order to foster
a business partnership program. This
harmonious relationships program is in line with the Company's
with stakeholders. The strategy as it can generate efficiency and
synergy among resources owned by the
Company implements this partnering parties.
through various social and
environmental responsibility The Company believes that the
business partnership program has
(TJSL) programs in accordance great benefits for small businesses, as
with its brand promise of it can improve business sustainability
“Sahabat Setia Selamanya and capacity in areas including market,
capital, technology, management, and
(Forever Loyal Friend).” entrepreneurship. The Company also
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continuously assists in the development of the Finance always ensures compliance with various
small business sector, as MSMEs are the driving relevant regulations, so there are no complaints or
force behind national economic growth in the violations received by the Company.
future.
Stakeholder Involvement in the
Due Diligence Method and Scope Implementation of Social and
Formulation Community Responsibility Programs,
Adira Finance is always committed to creating TJSL Social Issues and Relevant Stakeholders,
programs that can provide maximum benefits and Stakeholder Engagement Mechanisms,
can be widely felt in accordance with the needs Community Involvement, and
of the community. For this reason, the Company Complaints Reporting [SEOJK F.24]
always collaborates with various stakeholders in Adira Finance always maps stakeholders who
reviewing and formulating various TJSL programs. are directly involved with and affected by the
This is due to the fact that the Company realizes Company's business activities. Mapping is carried
that stakeholders play an important role in the out with the participation of stakeholders who
progress and sustainability of the Company's are identified based on proximity and the amount
business. of interest (power) that can influence and be
influenced by each other.
This is implemented by the Company through the
discussion of due diligence results and the review Stakeholders who are affected or influential, are
of regulations regarding social and community at the same time stakeholders who are relevant
development with related work units. Adira to social issues in the Company, which include
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Customers, Shareholders/investors, Regulators, TJSL Program Targets and Plans for
Suppliers, Employees, and Local Communities. Social and Community Development
Adira Finance involves the community and other In 2023, the Company has set targets for the
stakeholders in the implementation of TJSL on the implementation of TJSL in the field of social
Company's social issues. The Company owns seven and community development in accordance
important social issues: Economic Performance, with the policies set by management. With
Product Portfolio and Credit Quality, Customer the TJSL implementation target, the Company
Information Protection, Company Reputation, strives to ensure that social and community
Education and Training, Diversity and Job development can be carried out in an appropriate
Opportunities, and Local Communities. and measurable manner. Various TJSL programs
include the Adira Peduli program, the cooperation
Benefits of TJSL Initiatives in the Field of program with Increso, blood donation, the Adira
Social and Community Development for Finance Scholarship Program, the Adira Finance
Company and Stakeholders [FS13] Market Friends Program, and the Creating Shared
Adira Finance has a strong commitment to Value (CSV) program.
implementing various policies and programs that
can make a real contribution to all stakeholders, Adira Finance also carries out other TJSL activities,
both socially, economically, and environmentally. such as educational activities to increase the
financial literacy of community groups and social
Various efforts of policies and programs that have activities that directly benefit the community.
been carried out by the Company are expected
to provide positive benefits to the community Social and Community Responsibility
as well as to build harmonious and constructive Management Activities and
relationships through good and intensive Achievements in 2023 [GRI 203-2] [GRI 413-1]
interactions with all stakeholders. This aims to Adira Finance always involves customers, partners,
create a mutual understanding of various issues and employees in carrying out its TJSL programs,
arising in relation to the Company's activities. which refer to 3 main pillars, namely Sahabat Lokal,
The Company believes that harmonious and Adira Peduli, and Adira Finance’s CSR Partners.
constructive relationships will enhance the growth
and development of Adira Finance's business Sahabat Lokal
sustainability in the future. Sahabat lokal is a form of Adira Finance's
contribution through TJSL activities in improving
The Company's active contribution in the field of and empowering the economy, as well as improving
sustainable social and community development the quality of life of the community. This is a form
is realized through the implementation of of Adira Finance's commitment that the success of
TJSL programs in the social, economic, and the Company's sustainability achievements must
environmental fields. The Company will provide also be felt in the improvement of community
a positive contribution from the implementation welfare.
of TJSL to the improvement of the welfare and
economic development of stakeholders, especially Adira Finance conducts various innovations
the community around the operational area. This and approaches to empowerment programs so
is conducted by Adira Finance by carrying out that the Company can provide benefits widely,
various social investments through TJSL programs, maximally, and in accordance with community
including both conditional ones such as natural needs. For this reason, the Company carries
disaster relief and long-term investments such as out various implementations of Sahabat Lokal
support for the development of micro, small, and activities covering a number of fields, namely
medium enterprises (MSMEs). empowerment of the tourism sector, culture, local
wisdom, MSMEs, and financial literacy.
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Programs that are routinely carried out by Adira Improve Prosperity." Considering this fact, Adira
Finance every year and are featured in the Sahabat Finance continuously gives appreciation and
Lokal pillar include empowerment activities encouragement to MSME players to maximize
focused on tourism, culture, local wisdom, and their business potential through the Festival
MSMEs. The activities carried out include: Kreatif Lokal.
Festival Kreatif Lokal The Festival Kreatif Lokal consists of a series of
The Festival Kreatif Lokal is Adira Finance's TJSL activities aimed at improving the competitiveness
program to encourage community economic of creative economy MSMEs. In the Festival
growth by promoting the MSMEs sector with the Kreatif Lokal program, Adira Finance provides
theme #MajuBersamaSahabat. The program, training for MSMEs related to digitalization and
which was initiated in 2018, previously known as online marketing tips and tricks. In addition, the
the Local Enchantment Festival, has entered its Empowered Partnership (Keday) or AXI agent was
fifth year of implementation. In 2023, the Festival also introduced.
Kreatif Lokal was again organized by Adira Finance
at the Adira Festival 2023 event, which included This program is also in line with the program of
cultural exhibitions, regional arts, and local music the Ministry of Tourism and Creative Economy of
performances. In addition, Adira Finance also has the Republic of Indonesia (Kemenparekraf RI) in
the Festival Pasar Rakyat, which provides a platform an effort to drive the economy in the tourism and
for MSME players to promote local products in creative sectors. In its implementation, this activity
bazaar concepts such as the Jakcloth fashion bazaar, was established in strategic cooperation with
culinary bazaar, and craft bazaar. the Ministry of Tourism and Creative Economy
of the Republic of Indonesia. From this FKL
Adira Finance realizes that MSMEs play an activity, it shows that Adira Finance has a strong
important role in accelerating Indonesia's commitment to always support the government's
economic growth. This is in line with the efforts towards the fulfillment of sustainable
Company's vision of "Creating Shared Value to development goals.
Adira Peduli
The Adira Peduli Program is an extension of Adira Finance responds to and actively
Adira Finance's TJSL initiative to provide direct implements care for victims of Indonesian
assistance to communities affected by various natural disasters, environmental disasters, and
natural disasters and to improve the quality of other emergencies that occur in Indonesia. Food
life in communities surrounding operations. packages, blankets, funds, and other assistance
This program conducts a variety of activities, tailored to the needs of disaster victims in each
including targeting assistance to employees location are among the aids provided by Adira
and environmental preservation activities in the Finance Peduli.
Company's operations.
In 2023, the Adira Finance Peduli Program
distributed aid to disaster victims with a total
value of IDR156,500,000.
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Adira Finance Sharia Distributed 800 Packages of Bags and
Stationery in CSR Activities at Jakarta Fair Kemayoran
As a form of concern for the education world, This CSR program activity began by showcasing
Adira Finance held CSR activities with the the various skills of the recipient children,
organizers of the Jakarta Fair Kemayoran, ranging from musical performances, drama,
focusing on social activities for children with the regional arts, and others. Followed by a
theme "Sharing is Beautiful, Together Building ceremonial handover of goodie bags from
the Country." The program, which took place on various companies participating in corporate
July 3 and 5, 2023, at JiExpo, was attended by social responsibility (CSR) activities, one of which
more than 800 children. was Adira Finance Sharia. On this occasion,
Adira Finance Sharia gave them a backpack
The participants of the CSR program came from containing books and stationery.
various foundations and orphanages, consisting
of: SLBN 10 Jakarta, YPLB Nusantara, Griya Bina Mr. Yusron, as Head of Adira Finance Sharia, was
Karya ABK MSME Foundation, Difabel Mandiri also present and expressed his enthusiasm and
Indonesia Foundation, Adinda Orphanage, gratitude for Adira Finance Sharia's involvement
Amal Mulia Foundation, PA Kampung Melayu, in CSR activities held by Jakarta Fair Kemayoran
C13 English Club Learning House, Huma Rumil every year. In addition, this activity was also
Community, Al Hasanat Orphanage, Bakti Nurul attended by Mr. Krisdianto, the Head of the
Jannah Orphanage, PSAA Van Der Steur, PETA Jabodetabek Region of Adira Finance.
Foundation, and Putri Kasih Foundation.
Additionally, the children were invited to
This program is Adira Finance Sharia's second tour the area at all booths at the Jakarta Fair
year of CSR activities at the Jakarta Fair Kemayoran, one of which was the main booth
Kemayoran. The activity was carried out as a of Adira Finance using the wara-wiri bus facility.
form of support to improve welfare, especially It is expected that the assistance that has been
for the children involved in the CSR activities of provided will be able to provide benefits for the
the 2023 Jakarta Fair Kemayoran. children's future who attend this CSR activity at
the Jakarta Fair Kemayoran.
Adira Finance’s CSR Partners various health programs, both preventive and
It is important for Adira Finance to take this into promotional. In its implementation, Adira Finance
account and raise public awareness about the provides health assistance, particularly to the
quality of individual health. The Company believes less fortunate. Adira Finance offers a variety of
that good health quality will have an impact on the assistance, including medical expenses such as
quality of superior human resources that will be operating costs, examinations, free medicines,
useful for building the nation in the future. For this and others.
reason, Adira Finance routinely carries out TJSL
activities in the health sector every year under the The CSR Partner Program also works with Increso,
CSR partner pillar. a social association comprised of all Adira Finance
employees. Increso is a forum for employees to play
This program is also in line with the government's an active role and make a positive contribution
efforts to achieve the Sustainable Development outside of the Company's business activities that
Goals (SDGs). This form of activity is routinely is spread across all Adira Finance branch offices.
implemented by the Company by holding
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Increso collected funds from Adira Finance Throughout 2023, donations made by Adira Finance
employees, which were then channeled directly employees to Increso were IDR1,378,771,440, which
to the community in the form of various programs was smaller than IDR1,379,357,440 in 2022. In
such as mass medical treatment, social services, 2023, Increso has provided medical assistance
financing operations for the underprivileged, and for 18 patients, with costs incurred amounting
others. In addition, Adira Finance, in collaboration to IDR250,402,343, compared to IDR94,997,242
with social partners, implements educational in 2022. Increso's financial statements are also
programs by providing scholarships to the children audited annually by a public accounting firm
of employees who excel academically in tertiary registered with the Financial Services Authority.
institutions.
Through Increso, ADIRA Spreads Kindness
to the Community
ADIRA realizes that the progress and Finance's collaboration as "mission partner"
growth of the Company's business should with the Lions Indonesia Foundation and is
also bring extensive benefits to society. supported by the Lions Club International
The Company is committed to conducting Foundation, Increso, Lions clubs throughout
various beneficial programs, one of which is Indonesia, and other donors.
through Increso, a platform for employees to
actively contribute by implementing various The Lions Halfway House serves pediatric
social and health programs. This is also in line patients undergoing cancer treatment and
with the commitment of 'Adira Finance for care under the age of 18 who are members of
Indonesia', contributing to improving the lives BPJS, and must be accompanied by a parent or
of Indonesians and continuing to innovate to legal guardian. Facilities available at the shelter
help Indonesians become better and achieve include free lodging, free transportation to the
prosperity, by developing various community- hospital, and free meals for patients and their
based corporate social responsibility programs. companions.
One of Adira's commitments through Increso Furthermore, the Company also conducts a
is implemented through collaboration with the series of charitable activities through Adira
Lions Indonesia Foundation in establishing the Finance and Increso programs. Adira's various
Lions Halfway House for children with cancer. efforts are reflected in the picture below.
This shelter program is the result of Adira
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Financial Literacy [FS16]
Adira Finance recognizes the importance of community can determine financial products and
educating the public on financial management services wisely and have good financial knowledge,
knowledge. The Company believes that the key which in turn will assist the community in their
to improving people's welfare is the growth of efforts to improve their welfare.
financial literacy. As a company engaged in the
financing industry, financial literacy is important The Company always wants to ensure that its
as it is the basis for each individual's financial activities have a great impact on society. Therefore,
management or planning decisions. A high level Adira Finance collaborates with partners who
of financial literacy will be able to shape good have been certified as CFPs (Certified Financial
financial behavior and management so that Planners) and thus have the capacity and
people can avoid various financial difficulties. capability to provide sound financial management
education and financial planning strategies.
In 2023, Adira Finance re-implemented various
programs related to financial literacy that are In 2023, Adira Finance carried out the Financial
more focused on women, housewives, MSMEs, Literacy Webinar Program in 5 batches at each of
students, teachers, and lecturers. The Company the Company's regional points through the online
hopes that with this financial literacy program, the method:
Financial Literacy Program Realization In 2023
Total Realization
Activities Program Details
(IDR)
Financial Literacy for MSMEs Financial literacy specifically for general MSMEs aims to support 6,000,000
them in managing their finances properly
Financial Literacy for Women Financial literacy specifically for married women so that housewives 11,000,000
or housewives who have homemade businesses can manage their
finances properly
Financial Literacy for General Financial Literacy specifically for the General Public so that they are 15,000,000
Public aware of financial plans and have started managing their finances
as early as possible
Financial Literacy for TTT Teaching internal trainers on financial literacy materials as a 31,111,104
provision for trainers to be able to disseminate the information
around the community
Financial Literacy for Students Financial Literacy specifically for students so that they can 15,000,000
understand that managing money from an early age is very
important for the future
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Adira Finance Sharia Organized Literacy Corner Activity as a Form of
Financial Literacy Education in accordance with Sharia Guidelines
Adira Finance strives to consistently implement Finance,” this activity was able to open the
various financial literacy efforts for the general public's eyes to insights regarding
community, one of which is related to sharia sharia financial products and services, as well
financial management. Sharia Financial as distinguish them from conventional financial
Literacy is a process of understanding related to systems.
financial management, both financial products
and services, as a first step to face a financial The financial literacy discussion material was
challenge and achieve a better life by applying delivered by Dr. Sugianto, MA, as the Daily
the concept of Sharia finance in accordance Chairperson of the Regional Management
with Islamic law, such as the prohibition of usury of the Sharia Economic Society (PW MES) in
and gambling. North Sumatra. In this activity, there were also
participants from various MSME representatives
In supporting the improvement of understanding at Adira Festival Medan, Sharia Stores, and Axi
of Sharia finance for the community, especially Sharia Partners.
for business activist/MSMEs, Adira Finance,
through its Sharia Business Unit (Adira Finance With the high enthusiasm from the participants,
Sharia), held Literacy Corner activities at the this activity is expected to be a forum to increase
2023 Adira Festival event held in 5 different new knowledge, especially for business people
cities. Medan became the first city to implement and MSMEs, in facing the challenges of the
financial education activities. With the theme global economy based on Sharia financial
"Knowledge Literacy Based on Sharia Global concepts and principles.
TJSL Award for Social and Community Fields
Adira Finance, through its TJSL program, has won awards including the Indonesia CSR Awards 2023,
organized by Warta Ekonomi for the Multifinance Category, as the "Indonesia Best CSR Award 2023 with
Outstanding Program in Developing Socio-Economic Society."
Budget/Costs Expended
In 2023, Adira Finance channeled costs for the implementation of TJSL activities in the field of social
community development, reaching IDR8.2 billion, while in 2022, it amounted to IDR16.8 billion.
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COMMITMENT AND POLICIES [GRI
403-1]
In order to align business activities with
Social Responsibility the Sustainable Development
(SDGs), companies must establish a
Goals
in The Fields of
strong foundation to create sustainable
values that benefit stakeholders. This
Employment
goal can be achieved in one way by
maximizing the overall internal potential.
Practices And
Human Resources (HR) professionals with
integrity will ensure that the company's
operational activities run smoothly and
Occupational Health efficiently.
and Safety Adira Finance believes that competent
human resources will influence the
company's overall business performance.
Based on this, Adira Finance is constantly
striving to encourage the development of
employee potential in order to produce
Human Resources (HR) professionals with superior, professional, and ethical human
integrity will ensure that the company’s resources. Aside from that, qualified
operational activities run smoothly and human resources.
efficiently.
Adira Finance's commitment to human
resource development is demonstrated
Adira Finance believes that through a variety of training programs
Human Resources (HR) and and employee competency development.
Occupational Safety and The program is implemented at all levels
of employment. In 2023, Adira Finance
Health (OSH) are important conducted a variety of employee training
pillars for achieving and competency development activities,
including:
sustainability. HR and OSH
• Promotion and regeneration
development are not only a programs
responsibility for us but also • Leadership program
• Pension pereparation program
an investment in ensuring • New employee onboarding program
reliable operational continuity • Sales function competency
through a competent and improvement program
• Service function competency
qualified workforce. improvement program
• Credit function competency
improvement program
• Operation function competency
improvement program
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• Collection function competency improvement program
• Competency improvement program for loan asset recovery function
• Corporate function and support competency improvement program
• General skill and soft skills program
• Financial literacy program
• Happiness culture program
• Innovation program
• Change management transformation program
• Knowledge management program
• Digital capacity building program
• Professional certification
Adira Finance also strongly advocates for the implementation of Occupational Safety and Health (OSH)
practices. A safe and healthy work environment not only reduces risk but also fosters a caring culture,
which improves HR productivity and satisfaction.
Adira Finance is always committed to prioritizing employees and ensuring that their rights in the work
environment are fully respected. A series of policies have been implemented, including an equitable
approach to all employees in terms of employment opportunities, fair compensation, and efforts to train
and develop competencies.
By ensuring employees' safety, comfort, and welfare, the company aims to promote harmonious
relationships among all parties, establishing collaboration and mutual support as a foundation for
sustainable business success.
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In 2023, the number of Adira Finance employees reached 17,243.
Adira Finance Employee Profile 2023 [SEOJK C.3][GRI 2.7]
Gender
Employement Status Total
Male Female
Non Permanent 2,033 491 2,524
Permanent 11,930 2,789 14,719
Total 13,963 3,280 17,243
Operational Area
Employement Status Total
Head Office Branch Office Non Branch Office
Non Permanent 110 1,246 1,168 2,254
Permanent 1,475 5,873 7,371 14,719
Total 1,585 7,199 8,539 17,234
Notes: HR data as of December 31, 2023 compiled from all operational areas of PT Adira Dinamika Multi Finance Tbk.
EMPLOYMENT ISSUES AND RISKS RELATED TO THE COMPANY'S BUSINESS
Adira Finance's HR management is always in accordance with applicable legal rules and
regulations. In order to ensure that HR management follows predetermined corridors, Adira
Finance conducts periodic reviews and evaluations. This action is part of a strategy to prevent
or mitigate potential issues and risks associated with employment aspects of the Company.
Adira Finance is concerned with a variety of employment practices and company operations issues,
including gender equality and employment opportunities, work facilities and safety, work accident rates,
turnover rates, education and training, remuneration, and employee complaint mechanisms.
In 2023, Adira Finance successfully implemented human resource management in accordance with
employment practice guidelines. This is reflected in the absence of industrial disputes or employee
protests against management during the reporting period.
Composition of New Employees [GRI 401-1]
Description Headcount %
Gender
Male 1,278 75%
Female 420 25%
Total 1,698 100%
Age
18-25 years old 201 11.8%
26-35 years old 1,337 78.7%
36-55 years old 158 9.3%
>55 years old 2 0.1%
Total 1,698 100%
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Description Headcount %
Working area
Head Office 272 16%
Branch Office 1,039 61%
Non-Branch Office 387 23%
Total 1,698 100%
Demographics of Employees Leaving the Company [GRI 401-1]
Description Headcount %
Gender
Male 1,515 86%
Female 241 24%
Total 1,756 100%
Age
18-25 years old 126 7.2%
26-35 years old 1,145 65.25%
36-55 years old 477 27.2%
>55 years old 8 0.5%
Total 1,756 100%
Working Area
Head Office 134 8%
Branch Office 883 50%
No-Branch Office 739 42%
Total 1,756 100%
Average Training Hours per Year Per Employee [SEOJK F.22][GRI 404-1]
Description Headcount Number of Training Hours Average Training Hours
Gender
Male 122,382 558,579 4.56
Female 26,309 167,133 6.35
Employee Status
Permanent 131,494 598,926 4.55
Non-Permanent 17,197 126,786 7.37
OPTIMIZING THE SCOPE OF COMPANY INFLUENCE IN THE FIELD OF EMPLOYMENT
Adira Finance always ensures that every employee's rights are upheld by providing fair
treatment, equal opportunities, and a safe and inclusive work environment. One way the
Company accomplishes this is through human resource management, which is based on Law
No. 13 of 2003 on Employment, which was amended to become Law No. 11 of 2020 on Job Creation.
The implementation of this law ensures that every employee can carry out their daily duties with confidence
that they will be treated equally without any differences. In addition, the Company consistently upholds
employment principles like gender equality and non-discrimination.
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MECHANISMS AND PROCEDURES EMPLOYMENT CSR PROGRAM TARGETS
FOR HANDLING EMERGENCIES AND PLANS
RELATED TO JOB SAFETY AND In 2023, Adira Finance has set a target for
EMPLOYMENT CONFLICTS implementing CSR in the fields of employment,
Adira Finance is responsible for protecting all of occupational health and safety in accordance with
its human resources and ensuring that the work management policies and employment-related
environment is always safe and conducive to issues, as previously mentioned.
employees carrying out operational activities. On
this basis, Adira Finance has developed a number 2023 EMPLOYMENT PRACTICE
of mechanisms and procedures for dealing with MANAGEMENT ACTIVITIES AND
work-related emergencies and conflicts, primarily ACCOMPLISHMENTS [GRI 403-5]
by optimizing the whistleblowing system. In 2023, Adira Finance has carried out various
labor management activities and achievements as
The whistleblowing system is a Company system follows:
managed by an independent party that all 1. Provide equal opportunities for all employees
stakeholders can use to report various violations to receive training for career development.
committed by external and internal parties of 2. Provide good, clean and healthy work places,
the Company, including employment issues. facilities and means.
Additional information about the mechanisms 3. Work space arrangement by paying attention
and procedures in the violation reporting system to usability and aesthetic aspects.
can be found in a separate discussion in the 4. Provide green plants both around the
Governance chapter of this report. Company's business network and within the
Company's offices.
Meanwhile, in terms of employment conflicts, 5. Provide safety and security equipment for
the company has developed fair and employees.
transparent procedures to address any issues 6. Provide training and socialization regarding
that may arise. This includes mechanisms for occupational health and safety for employees.
communicating complaints, dissatisfaction, 7. Prepare monitoring and reporting mechanisms
or objections that appear to interfere with the regarding work environment conditions.
performance of duties. Employee complaints 8. Conduct periodic cleanliness and health
can be submitted to both direct superiors inspection in the work environment.
and the Company's appointed Directorate. 9. Providing health facilities and equipment for
employees.
In terms of workplace safety, Adira Finance has
developed a mechanism based on standardized In terms of employee training, Adira Finance
Incident Management Plan procedures that have organized various training and competency
been socialized and implemented at all levels. development activities with the number of
Some of the subsequent actions include the participants and training investment during 2019-
formation of a disaster emergency response team, 2023 as follows:
floor warden, and others.
Employee Training 2019 2020 2021 2022 2023
Number of Training Participants 115,358 289,644 202,686 172,951 175,264
Training and Development Investment (Rp billion) 48.7 27.6 13.5 64.7 80.2
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
In order to improve employee welfare level, Adira Adira Finance's initiatives in the field of work
Finance has committed to providing a variety of safety include:
health facilities that promote both physical and • Provide good, clean and healthy work places,
mental health. To ensure employee work-life facilities and means;
balance, a variety of health benefits are available, • Work space arrangement by paying attention
including health insurance, life insurance, to usability aspects;
personal accident insurance, and BPJS Health. • Provide safety and security equipment for
[SEOJK F.21] employees;
• Provide training and socialization regarding
The company believes that physical health is one work safety for employees;
of the factors influencing employee performance • Prepare monitoring and reporting mechanisms
and productivity. As a result, Adira Finance strives regarding work environment conditions;
to provide health insurance to its employees so • Regular coordination with MCC Building
that they can focus on their daily work activities. Management (for Head Office), Pamswakarsa
and related agencies (for Branch Offices) as well
Employee health benefits cover inpatient care, as security vendors in managing information
childbirth, general outpatient care, and dental and support related to employee safety and
care. Aside from that, the Company offers glasses security in the work environment.
and lenses with a reimbursement system.
In managing employment practices, Adira Finance
On the other hand, Adira Finance created has provided systems and mechanisms to follow
work environment safety and comfort in every up on various existing problems and reports.
operational and work areas of the company. Even In 2023, Adira Finance received 17 complaints
though Adira Finance's work environment is in report. Of the total number, 7 reports have been
an office location and has a lower risk level than completed based on applicable procedures and
other industrial sectors, the company provides provisions fairly and independently while 1 report
full work safety guarantees to both employees still under investigation. Meanwhile, as many as 9
and customers. Adira Finance has taken reports were not followed up due to lack of or no
various steps to minimize the impact of OSH by evidence.
implementing policies, procedures, periodic
inspections, and socialization within the company.
OSH Performance [GRI 403-9]
Description 2023
Number of Working Hours (Million Hours) 47.8
Work Accident Level 0.042
Facilities Level (compared to total accident) 0.1
Total Work Days Lost (Day) 34
Frequency Rate (FR) 0.209
Severity Rate (SR) 0.773
EMPLOYMENT AWARDS AND CERTIFICATION
Until the end of 2023, Adira Finance has received the Top Human Capital Award 2023 from Top Business
magazine, however, it does not yet have certification in the field of employment.
BUDGET/COSTS INCURRED
In 2023, the Company's total costs incurred for implementing CSR activities in the employment sector
(apart from training cost, salary and allowances) reached IDR236.3 billion. Meanwhile, in 2022, it reached
IDR142 billion.
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Commitment and Policy
Adira Finance realizes that the
environmental aspect is an important
Environmental key to bringing sustainability to the
Company's business, even though its
Social
operational activities have no direct
contact with or negative impact on the
Responsibility
environment. The Company always pays
attention and actively contributes to
environmental sustainability aspects.
[GRI 3-3]
Considering that the issue of
environmental preservation and climate
change has become a current concern for
stakeholders, the Company is committed
to conducting various environmentally
sound programs, initiatives, and policies to
minimize the impact of every operational
activity. Adira Finance ensures that it
The Company is committed to conducting always complies with regulations and
various environmentally sound programs,
policies issued by the government related
initiatives, and policies to minimize the
impact of every operational activity. to the government's efforts to improve
environmental quality. In addition, the
Company is also strongly committed to
Adira Finance has a strong carrying out business activities in line
with the SDGs as an effort to support
commitment to ensuring the government in achieving sustainable
environmental sustainability development goals.
in carrying out the Company’s
The Company's commitment is carried
operational and business out through environmentally sound
activities. The Company policies and initiatives, such as providing
credit loans to customers who wish to
believes that environmental participate as agents of sustainable
sustainability is closely development. The Company considers
related to future business environmentally friendly financing
to be one of the requirements for
growth. We always prioritize credit financing distribution in order
best practices in operational to minimize negative environmental
activities to provide positive impacts. Adira Finance has also developed
policies and financing products that are
benefits for all stakeholders. environmentally friendly, such as electric
bicycles, electric motorcycles/cars, and
solar panels.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
The Company believes that the various The Company's daily operations necessitate
commitments and policies implemented related the use of both renewable and non-renewable
to the environment both internally and externally materials and energy sources, such as electricity,
are a form of the Company's responsibility to paper, and water. If these resources are not
contribute in improving a better living environment. properly managed, they can generate waste and
In the end, the Company also believes that the leave a carbon footprint that is harmful to the
improvement of environmental sustainability will environment.
contribute to the growth and development of the
Company's business in the future. Taking these factors into account, Adira Finance
seeks to mitigate environmental issues and risks to
Environmental Issues and Risks Relevant the Company's sustainability, despite the relatively
to the Company's Business small and limited amount of waste generated.
Stakeholders are highly concerned about The Company recognizes that the efficient use of
environmental issues. Adira Finance, as a company electrical energy and paper in operational activities
in the financing sector, conducts the majority of its demonstrates the Company's responsibility and
operational activities with no direct environmental concern for the quality of the environment.
impact. Nonetheless, Adira Finance is committed
to long-term environmental quality improvement Adira Finance strives to make the best use of
through direct and indirect efforts to address resources in each operational office in order
environmental issues that stakeholders are to provide financial services that promote
concerned about today. environmental sustainability. In this regard, Adira
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Finance strives to keep stakeholder expectations Mechanisms and Procedures for
about the Company's active role in addressing Handling Emergencies related to
environmental issues, both directly and indirectly, Environmental Safety
by adhering to all applicable regulations and As part of its responsibility and commitment
policies. to environmental issues, Adira Finance has
mechanisms and procedures in place to deal
In order to support the Indonesian government's with environmental safety emergencies. This is
environmental agenda, Adira Finance is committed accomplished by optimizing the whistleblowing
to implementing a number of initiatives and system.
programs to reduce carbon emissions from the
Company's operations. Adira Finance is also Adira Finance ensures that all employees,
committed to environmental issues that are independent parties, and third parties can report
relevant to its business, as evidenced by policies alleged violations of environmental safety and
that regulate lending while taking into account conflicts based on credible evidence and in good
social and environmental concerns. Adira Finance faith for the benefit of the Company. The relevant
uses sustainable finance principles to provide units/committees manage and carry out additional
financing to debtors while adhering to social, handling, such as conducting an initial review of
environmental, and governance regulations. complaints/disclosures of violations.
The Company has also taken several strategic In 2023, Adira Finance received no complaints
steps to improve business sustainability in or reports of environmental violations. The
line with environmental sustainability, which mechanism for implementing the whistleblowing
include designing policies and developing system is described in the Whistleblowing Policy
environmentally friendly financing products such section of this Annual Report.
as electric bicycles, electric motorcycles/cars,
and solar panels. This effort is evident in the fact Target and Plan for CSR Activities in the
that Adira Finance already has a green financing Environment Sector
product policy for electric motorcycles. The Company is committed to continuing
to carry out various initiatives and programs
Scope of the Company's Influence on that have a positive environmental impact.
Stakeholders In the implementation of CSR in 2023, Adira
The Company recognizes that its current Finance established targets and plans for CSR
business sustainability is inextricably linked to implementation in the environmental sector in
the contributions of its stakeholders. We always accordance with environmental management
place stakeholders in a prominent position. The policies. Adira Finance, in addition to implementing
scope of the Company's influence on stakeholders CSR related to the environment, also carries
regarding environmental issues consists of several out CSR program activities, such as operational
stages, beginning with the identification of the activities that pay attention to the environment,
feasibility test of environmental strategies and providing environmentally friendly consumer
work programs, the approach taken, the evaluation financing, and considering environmental aspects
of the impact on business activities, and the when providing financing facilities to customers.
review of environmental regulations relevant to
the Company's operations.
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Achievement Activities of the CSR • Appealing to employees not to bring their
Program for the Environment in 2023 own personal vehicles, but to share with
The Company is highly committed to other employees (reduction of exhaust
implementing various CSR programs in the field emissions);
of the environment. Adira Finance ensures that • Organizing regular tree planting;
stakeholders inside and outside the Company, • Organizing mangrove planting;
including government and the community at • Organizing emission tests.
large, are always involved. This involvement aims to
ensure that the implementation of CSR programs 2. Paper Usage
provides maximum, appropriate, and measurable The use of paper is a very important material in
benefits in accordance with needs, particularly in the Company's business activities. Paper used by
the field of the environment. the Company for meeting materials, financing
agreements, application forms, survey forms,
1. Environmental Management and correspondence is still conducted in hard
Adira Finance understands that good copy, which has an impact on the need for a lot
environmental management in the workplace of paper materials. Therefore, Adira Finance is
will have a positive impact on employee committed to realizing a paperless office and
productivity. A clean and well-organized work gradually implementing a digital document
environment is more comfortable and can help policy in the Company's operational activities.
improve health. The following are the various Throughout 2023, various efforts made by
environmental management activity programs the Company in paper usage management
that the Company has carried out throughout include: [SEOJK F.5]
2023, among others: • Increased the utilization of information
• Providing green plantation in and around technology and digitization in every activity
the location of the Company's business of the Company and document storage;
activities; • Simplification of consumer financing
• Arrangement of work spaces by considering documentation so that the amount of paper
the aspects of comfort and cleanliness; required can be reduced;
• Providing facilities to support the cleanliness • Utilizing paper as much as possible, in the
of the workplace such as adequate trash sense of using both sides of the paper,
bins and other cleaning equipment; especially for matters such as drafting
• Recycling waste management with third documents;
parties/waste banks/vendors [SEOJK F.14]; • Separating between new paper, paper that
• Reducing the use of single-use plastic can still be used, and paper that can no
bottles/packaging in the Company's Head longer be used.
Office area by implementing a tumbler
use program to reduce the use of bottled
mineral water, water consumption, and
soap for washing glasses;
The following information provides a comparison of paper usage at the Company's head office from 2021-
2023: [SEOJK F.13]
Year Total Rim Total Sheet
2021 29,874 11,134,500
2022 22,424 11,212,000
2023 24,627 12,313,500
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3. Water Usage [SEOJK F.8] 4. Energy Usage [SEOJK F.7]
Water is an essential component of every The Company strives for energy efficiency in all
operational activity carried out by the of its operations. Adira Finance continuously
Company, including consumption, sanitation, implements various initiatives and efficiency
and workplace hygiene. Water requirements programs, such as electricity savings by
for operational activities at the head office are reducing the number of lights or not turning on
supplied by water managed by the building the lights if the light from outside is sufficient,
manager and water sources from the Regional using energy-efficient electrical equipment,
Drinking Water Company (PDAM). As a result, reducing the use of tools that require electricity,
the Company strives to use water as efficiently and so on. In 2023, the Company's energy use
and effectively as possible. Throughout 2023, resulted in CO2 emissions of 1,089,921.18 kg CO2.
the use of water for the Company's operational
needs cannot be calculated, and water costs
are paid in the form of building maintenance
costs, making it impossible to determine the
amount of water used.
Comparison of energy consumption at the Company's head office: [SEOJK F.6][SEOJK F.11][GRI 302-1][GRI
305-1]
Total Energy Use & Carbon Emissions of the Company
Total Consumption Carbon Conversion CO2 Emissions Generated
2021 2022 2023 Factor* 2021 2022 2023
1.784.673 1.958.841 1.815.105 0.6* 1,070,803.80 1,175,304.60 1,089,063.00
23.760 24.000 15.498 0.11319444 2.69 2.72 1.75
1.149 637 321 2.668 3,065.53 1,699.52 856.43
Total Carbon Emissions Generated (Kg CO2 eq.) 1,073,872.02 1,177,006.83 1,089,921.18
Note:
*) The carbon conversion factor uses the conversion standard from MUFG.
Energy Consumption Total
Year Cost
(KWH) (Megajoules)
2021 1,784,673 6,424,822.80 2,618,615,208
2022 1,958,841 7,051,827.60 2,828,566,043
2023 1,815,105 6,534,378.00 2,695,397,490
Electrical energy Conversion Factor: 3.6 Megajoules/kwh
5. Environmentally Friendly Vehicles Financing
As a form of the Company's commitment to the government's agenda related to the environment
and business activities, it can be seen from the efforts made by the Company in financing services
for electric vehicles. Throughout 2023, the Company managed to distribute financing for 4,311 units of
electric vehicles with a financing value of IDR186.5 billion. [SEOJK F.12]
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
6. Consideration of Environmental Aspects in for maximum exhaust gas limits, and
Financing Requirements [FS2][FS3] are usually getting stricter every year.
Adira Finance has undertaken various By limiting the age of motor vehicles, it
initiatives to consider the environmental is expected that the engine technology
aspects of its financing requirements to used is more environmentally friendly. On
support environmental sustainability efforts, the other hand, the engine is usually still
among others: [SEOJK F.12] maintained and still complies with the
a. Providing a maximum age requirement for maximum exhaust level requirements.
vehicles that can be financed, so the vehicles c. Requiring consumers to always maintain
that use non-eco-friendly technology are and care for collateral, in this case in the
expected to decrease. The maximum age form of motorized vehicles, so that it is
of vehicles that can be financed by Adira hoped that with good maintenance and
Finance is 12 years (passenger cars), 10 years care, it will be able to minimize pollution,
(commercial cars), 10 years (motorcycles) at both air and noise pollution.
the end of the financing period.
b. As we know, motor vehicle manufacturers Budget/Costs Incurred [FS8]
have recently been trying to meet Adira Finance has designed a plan of activities,
environmentally friendly standards in personnel required, and costs for investment in
order to market their products in European environmental management. Throughout 2023,
countries that have stringent requirements the environmental costs incurred by the Company
amounted to IDR2.85 billion.
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COMMITMENT AND POLICIES [FS15]
Adira Finance realizes that business
sustainability is determined by how the
Social Responsibility Company delivers quality products and
services as well as guarantees consumer
To Consumers
rights from its products. The Company
strives to continuously improve its services
to consumers, which in turn will form a
long-term relationship (customer for life)
that is harmonious and constructive, thus
creating business sustainability.
The company always treats its customers
as friends, and the presence of Adira
Finance allows it to provide financial
solutions. This aligns with the Company's
mission, which states that Adira Finance
is committed to providing a variety
of financial solutions in response to
consumer needs through ecosystem
Adira Finance never stops working hard collaboration. As a result, Adira Finance
to build and maintain its reputation by
never stops working hard to build and
emphasizing its commitment to service
excellence and customer satisfaction.
maintain its reputation by emphasizing
its commitment to service excellence and
customer satisfaction.
Adira Finance always presents In order to achieve this, Adira Finance
the best products and strives to provide high-quality services
and products as a strategic policy step
services, and prioritizes the
toward maintaining customer loyalty and
protection of consumer rights. sustainability. Certainly, the Company
Ultimately, these efforts will continues to develop various innovations
based on a broader range of consumers,
increase consumer trust which has an impact on the growing
and satisfaction with the number of customers as well as the
Company. For the Company, diverse needs and desires of consumers
with more specific financing needs.
this is the key to business Furthermore, in an era of rapidly evolving
sustainability in the future. technology, Adira Finance strives to
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
present innovative products and services so that as applicable terms and conditions. Adira Finance
the Company's services remain relevant. is also required to inform customers about their
rights and obligations regarding the financing
The Company believes that customer trust and products and/or services they choose.
satisfaction are inextricably linked to business
growth and development. As a result, the SCOPE OF INFLUENCE OF THE COMPANY
Company continues to improve product quality RELATED TO CONSUMER ISSUES ON
and provide excellent customer service in order STAKEHOLDERS
to remain competitive in an increasingly dynamic Product and service innovation to provide the best
and competitive business environment. service is an important aspect of the company's
sustainability. As a result, Adira Finance has
CONSUMER RELATED ISSUES AND implemented a number of initiatives aimed
RISKS IN THE COMPANY’S BUSINESS at speeding up the service process, improving
ACTIVITIES accessibility, and ensuring consumer comfort
As part of its commitment to business and safety. As a sign of its commitment to its
sustainability, Adira Finance is dedicated to customers, the Company is constantly working to
providing responsible services to customers in improve the quality of its services.
accordance with consumer protection provisions
in the financial services sector. The Company is One of them is dealing with consumer complaints,
always committed to providing accurate, honest, which falls under the category of social
clear, and complete information about financing responsibility for consumers. To ensure this, Adira
products and/or services. Finance has set up a consumer complaint facility
as part of its efforts to improve service quality. In
The Company has made a variety of efforts, providing consumer complaint handling services,
including providing a written summary of product Adira Finance is guided by OJK Regulation No. 01/
and/or service information regarding the benefits, POJK.07/2013 concerning Consumer Protection in
risks, and costs of products and/or services, as well the Financial Services Sector, OJK Circular Letter
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No.2/SEOJK.07/2014 concerning Services and given to consumers to avoid consumers
Settlement of Consumer Complaints on Financial being wronged during the financing period;
Services Business Actors, and other relevant laws • To ensure the implementation of this
and regulations. procedure, each customer-serving staff is
equipped with knowledge of the products
MECHANISM FOR STAKEHOLDER and services for the customer and ensured
ENGAGEMENT, CONSUMER to be able to explain the terms contained in
ENGAGEMENT AND COMPLAINTS the financing contract if requested by the
Adira Finance has established a complaint customer.
system for consumers as part of its commitment
to ensuring that the services it provides are Adira Finance has a complaint system as part of
well maintained. The Company is committed to its commitment to providing the best service
ensuring that the provisions of OJK Circular Letter possible to its customers. Consumers can contact
Number 2/SEOJK.07/2014 regarding Services the complaint system six days a week, Monday
and the Settlement of Consumer Complaints on through Friday from 08.00 to 15.00 and Saturday
Financial Services Business Actors are followed. from 08.00 to 12.00 (service hours at Branch
For this reason, Adira Finance has done a number Offices).
of things, including:
1. Having a procedure for the service and The Company also complements consumer
settlement of consumer complaints; complaint services through Customer Service
2. Never charge fees for service and settlement of available at each branch office during its service
complaints; hours, the ‘Dering Adira' service via telephone
3. Having a work unit that performs the function number 1500511 (from regular or mobile phones,
of service and settlement of complaints, and Email Care): customercare@adira.co.id, which
namely the Customer Care Unit; is available 24 hours a day and 7 days a week.
4. Assessing the level of service in all of the
Company's business units by calculating In addition, consumers and the public can submit
the SLA (the time required for each unit to complaints or go directly through the Customer
complete the process in that unit). The results Service officers at each Adira Finance Office or
of this assessment are then submitted to all by calling the Adira Ring service via telephone
business units every month; number 1500511 (from a regular telephone or cell
5. To minimize risk and ensure that the service phone), which can be contacted 24 hours a day
process and complaint settlement are carried and 7 days a week. Every incoming complaint will
out according to procedures, Adira Finance has be automatically recorded for a follow-up process
the Quality Assurance Unit and Internal Audit that can be monitored at any time. [SEOJK F.30]
Unit;
6. Delivering the reports of service and settlement MECHANISM AND PROCEDURES FOR
of consumer complaints in accordance with HANDLING EMERGENCY FOR CONSUMER
the time period specified by the OJK; SAFETY AND CONFLICT
7. Product Information [SEOJK F.27] The Whistleblowing System can be used to
• In every financing, Adira Finance explains implement mechanisms and procedures for
the terms and conditions of the financing dealing with emergencies involving consumer
to the customer. Each financing contract safety and conflict. Every incoming complaint
is made based on the provisions of laws report will be automatically recorded so that you
and regulations applicable to financing can track the follow-up and settlement process
companies in Indonesia. Explanations are at any time. With the help of this system, Adira
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
Finance can always evaluate the performance and coaching program lasts for 3 months
of the Company's services and, as a result, make through several stages, namely: determining
improvements and enhance them in the future. participants, training, and mentoring.
Furthermore, participants will be monitored
SOCIAL RESPONSIBILITY TO CONSUMERS to see their business development.
PROGRAM PLAN IN 2023 In the implementation of customer
In 2023, Adira Finance's CSR activities in the coaching, the materials provided include
field of consumer responsibility were planned knowledge about business management,
and aimed at carrying out business operations understanding of business potential, simple
in accordance with management policies in the bookkeeping, and marketing tricks.
field of consumer responsibility. In addition, Adira
Finance engages in other CSR activities such as B. Consumer Confidentiality and Privacy
customer engagement. Adira Finance's strong commitment to its
customers means that the Company is fully
THE MANAGEMENT OF CONSUMER responsible for the protection of customer
SOCIAL RESPONSIBILITY ACTIVITIES AND data and information from being misused
WHAT WE ACHIEVED by irresponsible parties. For the Company,
Adira Finance continuously carries out various believing in customer confidentiality and
activities related to the Company's responsibility privacy is an important aspect of sustainability
towards consumers in order to foster harmonious in maintaining customer trust and satisfaction
and constructive relationships throughout 2023, towards the growth and development of its
among others: business in the future.
A. Consumer Empowerment
Adira Finance is committed to continuously The Company always ensures that all
improving consumer empowerment, as one management personnel and employees
of the key stakeholders that determine the maintain the confidentiality of data and
sustainability of the business in the future. information. This obligation is a code of conduct
The Company realizes the importance of for every Adira Finance employee since the
always improving the benefits received by the training period, the employment period,
community and consumers. and for employees who have resigned. This
includes the confidentiality of all information
As a form of Adira Finance's responsibility and related to the Company's internal affairs, such
commitment, we have CSR plans and targets in as plans and strategies, customer information,
accordance with policies set by management. financial information, operational activities,
In addition, we also conduct various other and other information deemed important by
activities such as customer engagement the Company.
activities to empower consumers through
creating shared value (CSV) programs. These Throughout 2023, Adira Finance did not receive
activities include: any complaints or warnings from the Financial
• organizing a Local Creative Festival in the Services Authority about breaches of consumer
context of ecosystem engagement; confidentiality or privacy.
• providing socialization or education related
to financial services in general and related C. Consumer Satisfaction
to Adira Finance services; Adira Finance continuously strives to create the
• Adira Finance also has a training and best quality products and services to improve
coaching program for customers who customer satisfaction through feedback,
own businesses in the Jabodetabek area. suggestions, criticisms, and complaints
We provide knowledge that can be useful received. Throughout 2023, there were a total of
for business development. This training 20,710 complaints, both related and unrelated
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to the financing services provided by the Company, and all complaints and grievances have been
resolved.
Complaints received 2021 2022 2023
Total 12,255 11,893 20,710
The following are data of services and settlement of consumer complaints by the Company throughout
2023:[SEOJK F.28][SOJK F.29]
No Complaint Category Total
1 Adira Quantum/credit 3
2 Adirapoin 2,680
3 Adiraku Application 5,507
4 Insurance 263
5 Danamon Lebih Adira Autodebit 65
6 Change in Car Title Ownership 15
7 Administrative Cost 30
8 Fee for Car Title Storage 329
9 Transaction Fee 225
10 Fine/Sanction 1,210
11 Failed OTP PDK ACI 2
12 Failed Adiraku PDK 25
13 Keday 5
14 Adira Finance Quiz 9
15 Services (system and procedur) 789
16 Staff Services 943
17 Early Settlement of Auto Loan 312
18 Online payment 667
19 ADMF financing through online shop 1
20 Maxi payment 227
21 Unit repossession 299
22 Updating Consumer Offer Media 5
23 Frauds 32
24 Mismatch of customer data 823
25 Car registration extension 48
26 DG product (electronic-furniture) ADMF 16
27 Promo Program 136
28 Rate/Interest/Margin 16
29 Restructuring 28
30 Application status 1,240
31 Black List status 378
32 Status of Car Title 236
33 Status of Important Document 70
34 Status of Insurance Claim 265
35 Payment status 3,512
36 Car registration 240
37 Total Outstanding Loan 59
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Performance Opening Management Corporate Management Corporate Environmental Supporting
Highlights Report Profile Discussion Governance and Social Data
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Information on the causes of complaints in 2022 and 2023:
No Description 2022 2023
1 Customer understanding of product characteristic 805 412
2 Inadequate information of product 75 -
3 Interruption/damage to information technology devices and systems - 2
4 Changes/termination of loan agreement/contract - -
5 Consumer Negligence 2,457 2,216
6 Negligence of Financial Services Business Actors - -
7 Frauds committed by Financial Services Business Actors - -
8 Other causes: Dealers, Services, Status of Important Documents, Insurance Claims, 8,197 18,080
Payments and Total Outstanding Loan
Total 12,255 20,710
Information on positive and negative publication in 2022 and 2023:
No Description 2022 2023
1 Consumer Complaints on Print/Electronic Mass Media 16 22
2 Print/Electronic media articles - 115
3 Print/Electronic media coverage 39 -
4 Publication/article on public space - -
5 Social Media, Email - -
6 Other publication - 5
Total 55 142
Information on Customer Satisfaction Index (CSI) and Customer Loyalty Index (CLI):
No Description
1 Customer Satisfaction Index (CSI) 86.11
2 Customer Loyalty Index (CLI) 88.33
CERTIFICATION AND AWARDS IN THE CONSUMER FIELD
In 2023, Adira Finance was awarded the Indonesia Most Acclaimed Company Awards (IMACO) as the
Indonesia Most Prestigious Company 2023 with Outstanding Innovation in Creating Customer Experience
in the Multifinance category by Warta Ekonomi on July 6, 2023. The award also confirms Adira Finance’s
success in creating an impressive, superior customer experience that meets customer expectations.
1. Ranked 1st in the Excellent Service Experience Award (ESEA) Index from Carre Center for 2 Wheels
Financing category with “Excellent” grade;
2. Ranked 3rd in the Digital User Experience Award (DUEXA) Index from Carre Center for the 4 Wheels
Financing category with a “Good” grade;
3. Ranked 2nd in the Contact Center Service Excellence Award (CCSEA) Index from the Carre Center for the
Financing category with a “Exceptional” grade;
4. Received an award in the Best 50 Financial Award 2023 for the Best Customer Service Reputation in
Multifinance category from The Iconomics;
5. Received an award in the Indonesia Most Acclaimed Company Award 2023 in the Multifinance category
as “Indonesia Most Prestigious Company 2023 with Outstanding Innovation in Creating Customer
Experience” from Warta Ekonomi;
6. Received an award in the Indonesia Customer Service Quality Award (ICSQA) 2023 for the Car Financing
category with an “Excellent” predicate; Motorcycle Financing category with a “Very Good” predicate;
Electronics & Home Furnishings Financing category with a “Very Good” predicate from SWA Magazine.
BUDGET/COSTS EXPENDED
In 2023, the Company incurred total costs of IDR4.3 billion as part of its commitment to consumers. In
2022, it amounted to IDR3.3 billion.
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As part of the Sustainable Finance Action
Plan implementation, Adira Finance
ensures that every strategic step taken
IT: Business has a positive impact on society and the
environment, in addition to financial
Development
business benefits. Throughout 2023,
Adira Finance implemented a number
Strategy
of new strategies, expanded services,
and strengthened digital initiatives to
strengthen and maintain the Company’s
financial performance sustainably.
Automotive loan financing remains the
main pillar of Adira Finance’s business
activities. One of Adira Finance’s
focuses in 2023 is to strengthen and
gain market share in the automotive
sector through product diversification
and providing various attractive sales
programs for customers. Adira Finance
Adira Finance implemented a number is also committed to supporting the
of new strategies, expanded services,
government’s green financing program,
and strengthened digital initiatives to
strengthen and maintain the Company’s
especially for environmentally friendly
financial performance sustainably. electric vehicles.
Furthermore, Adira Finance is expanding
The year 2023 is a momentum its network to non-automotive businesses
year for Adira Finance to by diversifying to support business
growth in areas such as multipurpose
continue developing business
products, heavy equipment financing,
performance in the midst and durable goods. Adira Finance
of an improving Indonesian currently has a multipurpose financing
product based on Sharia principles.
economy. Several targets Meanwhile, Adira Finance’s business
and strategies have been development towards financing heavy
planned for implementation, equipment vehicles is being carried
out by leveraging opportunities for the
with an innovative approach needs of customers in mining and other
that prioritizes sustainable industries that require heavy equipment.
principles and values.
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Highlights Report Profile Discussion Governance and Social Data
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Adira Finance is also working to improve the Adira Finance also continues to encourage the
digitization process internally and within the creation of financial inclusion in Indonesia so
business ecosystem in order to provide more as to reduce economic inequality and support
efficient and effective performance and services. the equitable distribution of public welfare. One
This is done to make it easier for users to access tangible form of effort is the expansion of services
various Adira Finance services through the through the opening of branches in areas that
supporting ecosystems, which include the Adiraku have not been reached so far, from Papua to
application, momobil.id, momotor.id, and dicicilaja. Aceh. The addition of the latest branches in some
co.id. As of December 2023, the Adiraku app had parts of Indonesia is also expected to become
been downloaded 5.1 million times, with 1.4 users a financial solution according to the needs of
registered. Furthermore, there are 25.5 thousand customers in many regions and open employment
registered users on momobil.id, 32.0 thousand on opportunities for local residents.
momotor.id, and 246.6 thousand on dicicilaja.co.id.
[SEOJK F.26] Adira Finance has demonstrated a strong
commitment to sustainability through its
innovative approach to strategic planning. Adira
Finance continues to prioritize responsible
business practices in accordance with the
Sustainable Finance Action Plan.
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TESTIMONY
Mrs. Ade
Medan
Adira Finance has been with me on my life path
for over 26 years. Several events stand out in
my recollection, including earning the Grand
Winner of Harcilnas, which brought me further
closer to Adira Finance. I believe Adira Finance
has unique benefits over its competitors.
So far, I have remained with Adira Finance
because their products and services outperform
those of other leasing firms. In addition,
Adira Finance offered the best service to me.
My complaints to Adira Finance were heard,
understood, and addressed appropriately. This
makes me feel at ease and helps to keep our
relationship strong.
I clearly remember being afflicted by the
COVID-19 outbreak a few years back. Adira
Finance understands this and allows me to
defer credit payments without incurring fines.
like me. I also hope that Adira Finance can
improve services sustainably in the future while
I hope that administration fees can be reduced
maintaining the greatest services it presently
or eliminated for loyal, long-time customers
provides, including collections.
Dealer Honda - Indako
We have been working together with Adira
Finance since early 2021, and during which
time we have consistently regarded their
products and financing services as unparalleled.
Adira Finance has played a significant role
in facilitating our business operations with
exceptional programs, along with prompt and
responsive assistance in addressing any issues
that arise.
Overall, our partnership with Adira Finance has
been very positive. Looking ahead, we trust that
Adira Finance will sustain or enhance the quality
of its existing products and financing services.
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Mrs. Lenny
Medan
I have been a customer of Adira Finance for
over 12 years. I recall becoming an Adira Finance
customer to purchase a motorcycle while still
living in Sidikalang, as well as purchasing a
truck for business purposes while our family was
in Medan. All of the vehicles I own, specifically
eight trucks for my business, were financed by
Adira Finance.
There are several reasons why I chose Adira
Finance for vehicle financing. Aside from its
services, Adira Finance employs people that are
knowledgeable in their work and understand
the demands of its consumers, such as myself.
Adira Finance offers a variety of convenient
payment methods, including branch offices,
bank accounts, online transfers, and Adiraku.
In the future, I hope Adira Finance can further
socialize the various promotional programs and
discounts being held, even more so that more
customers will benefit.
Mitsubishi Fuso Authorized
Dealer - DIPO SM. Raja
Adira Finance has been very supportive of
my business compared to its competitors.
Therefore, I dare to say that I am very satisfied
with the products and financing services
provided by Adira Finance so far. And, up to this
point, our relationship with Adira Finance was
nothing short of excellent. Despite the frequent
personnel changes, Adira Finance's established
system remains robust, ensuring consistently
excellent and responsive services.
Going forward, I do hope that Adira Finance
will expand its workforce while also enhancing
its product knowledge even further. Thus,
Adira Finance will be able to stay ahead of its
competitors.
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06 SUPPORTING DATA
Page 479
Page 480
OPERATIONAL AREA
Kalimantan
Sumbagut
44 Networks
65 Networks 149 Thousands of Customers
221 Thousands of Customers
Sumbagsel
63 Networks
164 Thousands of Customers
Jabodetabekser
48 Networks
532 Thousands of Customers
West Java
44 Networks Central Java
205 Thousands of Customers 44 Networks
233 Thousands of Customers
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Highlights Report Profile Discussion Governance and Social Data
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Sulawesi
83 Networks
201 Thousands of Customers
Bali & Nusa Tenggara
East Java 24 Networks
51 Networks 93 Thousands of Customers
197 Thousands of Customers
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THE COMPANY’S
BUSINESS NETWORKS
HEAD OFFICE DAAN MOGOT - JAKBAR BEKASI 3 (CAR) – HARAPAN INDAH
Millenium Centennial Center Jl. Tanah Lot Blok LC I No 14 - 15, Mega Office Park Blok OP.3 No. 2
Jl. Jend. Sudirman Kav 25, Karet, RT 008/RW 012, Kalideres, West Jl. Harapan Indah Bulevar, Medan
Setiabudi, South Jakarta Jakarta Satria, Bekasi
Tel : 021- 52963322/3232 Tel : 021-54376721 Tel : 021-88866352
Fax : 021-52964159 Fax : 021-54376342 Fax : -
JABODETABEKSER REGION - JAKARTA 2 (CAR) - PONDOK INDAH BEKASI 4 - HARAPAN INDAH
BRANCH OFFICE Ruko Plaza 5 Pondok Indah Blok Mega Office Park Blok OP.3 No. 2
C – 6, Jl. Margaguna Raya, Gandaria Jl. Harapan Indah Bulevar, Medan
JAKARTA 1 TEBET North, Kebayoran Baru, South Satria, Bekasi
Jl. KH Abdullah Syafe’i Jakarta Tel : 021-88866352
No. 50 A-C RT 012/RW 009, Bukit Tel : 021-7233336 Fax : -
Duri, Tebet, South Jakarta Fax : 021-7233337
Tel : 021-7902829 BEKASI 5 - CIKARANG
Fax : 021-79191878 WEST JAKARTA (CAR) - Komp. Ruko Cikarang Square
LATUMENTEN Jl. Raya Cikarang-Cibarusah Blok
JAKARTA 3 (CAR) - TEBET Ruko Seasons City Blok A07, B No.12, Pasirsari, South Cikarang,
Jl. KH Abdullah Syafe’i Jl. Latumenten No. 33, Jembatan Bekasi
No. 50 A-C RT 012/RW 009, Bukit Besi, Tambora, West Jakarta Tel : 021-89119762
Duri, Tebet, South Jakarta Tel : 021-29071301 Fax : 021-89119765
Tel : 021 -79187576 Fax : 021-29071303
Fax : 021-79191878 TANGERANG - ALAM SUTERA 1
CIKARANG - SENTRA Jl. Raya Serpong Km. 7, Alam Sutera,
CILEDUG - TANGERANG Komp. Ruko Bagasasi BSD, Tangerang
H.O.S Cokroaminoto (Ciledug Raya) Sentra Cikarang Blok B 20-22, Tel : 021-53124573
RT 001/RW 006, East Sudimara, Jl. Raya Cikarang-Cibarusah Fax : 021-53124559
Ciledug, Tangerang RT 12 RW 005, Sukaresmi, South
Tel : 021-73446773 Cikarang, Bekasi TANGERANG - ALAM SUTERA 2
Fax : 021-7323662 Tel : 021-89117744 (CAR)
Fax : 021-89117745 Jl. Raya Serpong Km. 7, Alam Sutera,
CIPUTAT - TANGSEL BSD, Tangerang
Kompleks Ruko Ciputat LOT, BEKASI 1 - GRAND MALL Tel : 021-53124573
Jl. Dewi Sartika Kav 22-23, RT 002/ Komplek Gran Mall Blok C No. 9-11, Fax : 021-53124559
RW 009, Ciputat, South Tangerang No 1, Jl. Jenderal Sudirman No.1,
Tel : 021-7415209 Harapan Mulya, Medan Satria, CIKUPA – CITRA RAYA
Fax : 021-7406974 Bekasi Perumahan Citra Raya, Boulevard
Tel : 021-8892107 Raya Citra Raya Blok L 01/15 R,
JAKARTA - KELAPA GADING 1 Fax : 021-88955379 Cikupa, Tangerang
(MOTORCYCLE) Tel : 021-59400382
Komp. Ruko Kokan Permata, Kelapa PONDOK GEDE - JATIRAHAYU Fax : -
Gading Blok F3A,5,6,7, Kelapa Jl. Raya Hankam No. 60A-B, RT 07/
Gading, North Jakarta RW 05, Jatirahayu, Pondok Melati, CIKUPA (CAR) – CITRA RAYA
Tel : 021-45851314 Bekasi, West Java Perumahan Citra Raya, Boulevard
Fax : 021-45851321 Tel : 021-84995340 Raya Citra Raya Blok L 01/15 R,
Fax : 021-84995042 Cikupa, Tangerang
JAKARTA - KELAPA GADING (CAR) Tel : 021-59400382
Komp. Ruko Kokan Permata, Kelapa PONDOK GEDE (CAR) - Fax : -
Gading Blok F 3A,5,6,7, Kelapa JATIRAHAYU
Gading, North Jakarta Jl. Raya Hankam No. 60A-B, RT 07/ PASAR BARU - TANGERANG
Tel : 021-45851314 RW 05, Jatirahayu, Pondok Melati, Jl. Mohammad Toha No 14 C & 14 D,
Fax : 021-45851321 Bekasi, Jwa West Java Gerendeng, Karawaci, Tangerang
Tel : 021-84995340 Tel : 021-5537799
KETAPANG - JAKPUS Fax : 021-84995042 Fax : 021-5537798
JL. KH. Zainul Arifin No. 27, Blok A3-
A4, RT 002/RW 001, North Petojo, BEKASI 2 - TAMBUN SERANG - AHMAD YANI
Petojo, Central Jakarta Ruko Permata Metropolitan Jl. A. Yani No 157 RT 01/RW 04,
Tel : 021-6322707 Blok A3 No. 31-33, Jl. Sultan Sumur Pucung, Serang
Fax : 021-6322709 Hasanudin, Tambun, Bekasi Tel : 0254-209810
Tel : 021-8831881 Fax : 0254-209818
Fax : 021-88366581
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SERANG 2 (CAR) – AHMAD YANI BOGOR 3 – SOLEH ISKANDAR JABODETABEKSER REGION -
Jl. A. Yani No 157 RT 01/RW 04, JL. KH Soleh Iskandar Dinata No 476. OFFICE OTHER THAN BRANCH
Sumur Pucung, Serang A RT 004/RW 009, Kedung Badak, OFFICE
Tel : 0254-209810 Tanah Sereal, Bogor
Fax : 0254-209818 Tel : 0251-8362714 RANGKAS BITUNG - LABUAN
Fax : 0251 - 8362807 Jl. Raya Jendral Sudirman – Labuan
CILEGON - AHMAD YANI (front of SPBU 34 422 03), Sukamaju,
Jl. Raya Serang - Cilegon No 40 – BOGOR – LEUWILIANG Labuan, Banten
41, Kedaleman, Cibeber, Cilegon, Ruko Cemplang, Jl. Galuga RT Tel : -
Banten 002/RW 006, Dukuh, Cempalang, Fax : -
Tel : 0254-377581 Cibungbulang, Bogor
Fax : 0254 377741 Tel : 0251-8640084 RANGKAS BITUNG - MALINGPING
Fax : - Jl. Raya Malingping - Bayah
RANGKAS BITUNG - LEBAK Kp. Polotot Tengah Desa Sukaraja,
Jl. Mutatuli No. 38 A Rangkasbitung CIBINONG - BOGOR Malingping, Lebak, Banten
Lebak Banten, Muaraciujung West, Graha Cibinong Block C1 no 21-23 Tel : -
Rangkasbitung, Banten Jln Raya Jakarta-Bogor Km.43, Ciri Fax : -
Tel : 08121117118 Mekar, Cibinong, Bogor
Fax : - Tel : 021-87908409 CILEUNGSI - JONGGOL
Fax : 021-87908900 Jl. Raya Jonggol No.9 RT 003/RW 011,
CILEUNGSI MALL Jonggol, Bogor
Jl. Raya Narogong Komplek Mall JABODETABEKSER REGION Tel : -
Cileungsi Blok C14-17, Cileungsi - SHARIA BUSINESS UNIT Fax : -
Kidul, Cileungsi BRANCH OFFICE
Tel : 021-82496928 BOGOR 3 - PARUNG
Fax : 021-82480306 JAKARTA 3 (CAR) - TEBET Jl. Raya Kampung Jati RT 002/RW
Jl. KH Abdullah Syafe’i 006, Parung, Parung Kuda, Bogor
CILEUNGSI (CAR) MALL No. 50 A-C RT 012/RW 009, Bukit Tel : -
Jl. Raya Narogong Komplek Mall Duri, Tebet, South Jakarta Fax : -
Cileungsi Blok C14-17, Cileungsi Tel : 021-7902829/79187576
Kidul, Cileungsi Fax : 021-79191878 JABAR REGION -
Tel : 021-82496928 BRANCH OFFICE
Fax : 021-82480306 CIPUTAT - TANGSEL
Kompleks Ruko Ciputat Lot, Jl. Dewi BANDUNG - SUKARNO HATTA
DEPOK - MARGONDA Sartika Kav 22-23, RT 002/RW 009, Jl. Soekarno Hatta No. 380,
Jl. Margonda Raya No. 88 A-C, Kemiri Ciputat, South Tangerang Situsaeur, Bojong Loa Kidul,
Muka, Beji, Depok Tel : 021-7415209 Bandung
Tel : 021-77204222 Fax : 021-7406974 Tel : 022-5210766
Fax : 021-77200022 Fax : 022-5210796
BEKASI 1 - GRAND MALL
DEPOK 3 (CAR) - MARGONDA Komplek Grand Mall Blok C BALEENDAH – JAKSANARANATA
Jl. Margonda Raya No. 88 A-C, Kemiri No. 9-11, No 1, Jl. Jenderal Sudirman, Jl. Jaksanaranta No. 7 RT 03/RW 15,
Muka, Beji, Depok No.1, Harapan Mulya, Medan Satria, Baleendah, Bandung
Tel : 021-77207408 Bekasi, Jawa West Tel : 022-88882452
Fax : 021-77207409 Tel : - Fax : 022-88882594
Fax : -
CIMANGGIS - DEPOK BANDUNG (CAR) - PETA
Jl. Raya Jakarta Bogor KM 31, SERANG - AHMAD YANI Jl. Peta No.156 RT 01/RW 04,
RT 001/RW 005, Cisalak, Jl. A. Yani No 157 RT 01/RW 04, Sukaasih, Bojongloa Kaler, Bandung
Sukmajaya, Depok Sumur Pecung, Serang, Banten Tel : 022-6046331
Tel : 021-87714727 Tel : 0254-209810 Fax : 022-6046327
Fax : 021-87714730 Fax : 0254-209818
CIMAHI - NGRAMPAH
DEPOK 4 -SAWANGAN SERANG - AHMAD YANI II Jl. Gadobangkong No. 94, RT 02/
Jl. Raya Sawangan, RT 01/RW 02, Jl. A. Yani No 157 RT 01/RW 04, RW 03, Ngrampah, Cimahi.
Rangkapan Jaya, Pancoran Mas, Sumur Pecung, Serang, Banten Tel : 022-6632500
Depok Tel : 0254-209810 Fax : 022-6632530
Tel : 021-77883737 Fax : 0254-209818
Fax : 021-77886259 BANDUNG -
BOGOR 1 - TAJUR UJUNG BERUNG
BOGOR 1 - TAJUR Jl. Raya Tajur No. 158 A-C RT 01/RW Komp. Tritanpoint Bandung
Jl. Raya Tajur No. 158 A-C RT 01/RW 06, Pakuan, South Bogor, Bogor Jl. AH Nasution No.B3-19 & B3-
06, Pakuan, South Bogor, Bogor Tel : 0251-390372 20,Cipadung Wetan, Ujung Berung,
Tel : 0251-8390373 Fax : 0251-384222 Bandung, West Java
Fax : 0251-8384222 Tel : 022-7218491
Fax : 022-7216250
BOGOR 2 (CAR) - TAJUR
Jl. Raya Tajur No. 162 D, Pakuan,
South Bogor
Tel : 0251-378862
Fax : 0251-310543
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BANDUNG 6 - PUNGKUR CIREBON - WAHIDIN JABAR REGION - OFFICES
Jl. Pungkur No. 117 RT 006/RW 005, Jl. Dr. Wahidin Sudirohusodo No. 63 OTHER THAN BRANCH
Balonggede, Regol, Bandung RT 01/RW 01, Sukapura, Kejaksan, OFFICES
Tel : 022 - 4241001 Cirebon
Fax : 022 - 4221982 Tel : 0231-230750 BANDUNG - MAJALAYA
Fax : 0231-225672 Jl. Raya Majalaya - Cicalengka
SUMEDANG – MAYOR Sukasari RT 001/RW 014,
ABDURAHMAN MAJALENGKA – ABDUL HALIM Mekarpawitan, Paseh, Bandung
Jl. Mayor, Abdurrachman Ruko Taman Hana Sakura Jl. Raya Tel : 022-85962066
No. 103, Kotakaler, North Sumedang, Cigasong Jatiwangi, Cicenang, Fax : 022-85962067
Sumedang, West Java Majalengka
Tel : 0261-201099 Tel : 0233-281223 SUMEDANG – TANJUNG SARI
Fax : 0261-208256 Fax : 0233-8285130 Perumahan Babakan Jati Permai,
Jl. Tanjung Sari No. 154, RT 02/
SUBANG – OTTO ISKANDAR JATIBARANG – WIDASARI RW 06, Jatisari, Tanjung Sari,
Jl. Oto Iskandardinata No 103, RT 40/ Jl. Raya Bangkaloa Ilir No. 25, Sumedang
RW 10, karanganyar, Subang, Jatibarang, Bengkaloa, Widasari, Tel : 022-7914290
West Java Indramayu Fax : 022-7914296
Tel : 0260-421172 Tel : 0234-5357330
Fax : 0260-421167 Fax : 0234-353300 KARAWANG - RENGASDENGKLOK
Jl. Amansari, RT 009/RW 003,
PAMANUKAN - SUBANG SUKABUMI – SURYA KENCANA Amansari, Rengasdengklok,
Jl. Raya Eyangtirtapraja No. 45 Jl. Surya Kencana No. D5 - D6 Karawang
RT 02/RW 08, Pamanukan Kota, RT 003/RW 001, Gunung Parang, Tel : 0267-8485191
Pamanukan, Subang, Cikole, Sukabumi Fax : 0267-8485207
West Java Tel : 0266-215366
Tel : 0260-555070 Fax : 0266-217203 PURWAKARTA - CIKAMPEK
Fax : 0260-555066 Jl. Ir. H. Djuanda No. 89 C, Sukaseuri,
CIANJUR - JUANDA RT 005/RW 002, Sarimulya,
KARAWANG - KERTABUMI Jl. Ir.H. Juanda No. 19B & 19C, RT 01/ Kotabaru, Karawang
Jl. Kerta Bumi No 29 E - F, RT 003/ RW 13, Pamayoman, Cianjur, Tel : 0264-4304703
RW 009, Nagasari, West Karawang, West Java Fax : 0264-304580
Karawang Tel : 0263-282723
Tel : 0267-411511 Fax : 0263-282726 TASIKMALAYA -SINGAPARNA
Fax : 0267-400274 Babakan Cianda, RT 01/RW 012,
JABAR REGION - SHARIA Cilampung Hilir, Padakembang,
KARAWANG (CAR)- KERTABUMI BUSINESS UNIT BRANCH Tasikmalaya
Jl. Kerta Bumi No 29 E - F, RT 003/ OFFICES Tel : 0265-545770
RW 009, Nagasari, West Karawang, Fax : 0265-545783
Karawang, West Java BANDUNG (CAR) - PETA
Tel : 0267-411512 Jl. Peta No.156, RT 01/RW 04, TASIKMALAYA -KARANG NUNGGAL
Fax : 0267-400274 Sukaasih, Bojongloa Kaler, Bandung Jl. Raya Karangnunggal, RT 01/RW
Tel : 022-6046331 07, Karangnunggal, Tasikmalaya
CIKAMPEK - PURWAKARTA Fax : 022-6046327 Tel : 0265-580469
Jl. Veteran Blok Cihideung No. 77, Fax : -
RT 05/RW 02, Ciseureuh, Purwakarta BANDUNG - UJUNG BERUNG
Tel : 0264-231515 Komp. Tritanpoint Bandung, GARUT - CIKAJANG
Fax : 0264-231516 Jl. AH Nasution No. B3-19 & B3-20, Jl. Raya Cikajang, Cibodas, RT 001/
Cipadung Wetan, Ujung Berung, RW 005, Cibodas, Cikajang, Garut
TASIKMALAYA - JUANDA Bandung Tel : 0262-577628
Komp. Ruko TFT, Jl. Ir. H. Juanda Tel : 022-7218491 Fax : -
No. 18, RT 001/RW 004, Linggajaya, Fax : 022-7216250
Mangkubumi, Tasikmalaya GARUT - PAMEUNGPEUK
Tel : - TASIKMALAYA - JUANDA Jl. Cigodeg, RT 01/RW 02, Paas,
Fax : - Komp. Ruko TST, Jl. Ir. H. Juanda Pameungpeuk, Garut
No. 18 RT 001/RW 004, Linggajaya, Tel : -
GARUT - CIKURAY Mangkubumi, Tasikmalaya Fax : -
Jl. Cikuray No. 38, RT 001/RW 006, Tel : -
Regol, Garut Kota Fax : - GARUT - LIMBANGAN
Tel : 0262-240882 Jl. Raya Limbangan, Lio West,
Fax : 0262-243307 CIREBON – WAHIDIN RT 01/RW 07, West Limbangan,
Jl. Dr. Wahidin Sudirohusodo Blubur Limbangan
BANJAR – DIDI KARTASASMITA No. 63 RT 01/RW 0, Sukapura, Tel : 0262-438117
Komp Pertokoan Voctoria Plaza, Jl. Kejaksan, Cirebon Fax : -
Mayjend. Didi Kartasasmita Blok 8 Tel : 0231-230750
No 3, 5, 6, Banjar Kolot, Banjar, Fax : 0231-225672 BANJAR - CIAMIS
Tel : 0265-745288 Jl. Mr. Iwa Kusumasomantri, No. 20B,
Fax : 0265-745290 Kertasari, Ciamis
Tel : 0265-772505
Fax : 0265-2751632
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BANJAR - PANGANDARAN JATENG REGION - PURWOKERTO – JEND SUDIRMAN
Jl. Raya Babakan, Karanggedang, BRANCH OFFICE JL. Jendral Sudirman, No. 699,
RT 03/RW 04, Babakan, RT 003/RW 008, Purwokerto Wetan,
Pangandaran SEMARANG I – MT HARYONO Banyumas
Tel : 0265-631585 Jl. MT. Haryono 657 A, Wonodri, Tel : 0281-626028
Fax : 0265-631584 South Semarang, Semarang Fax : 0281-626030
Tel : 024-8318866
CIREBON - CILEDUG Fax : 024-8416800 BANJARNEGARA - STADION
Jl. Pangeran Walasungsang No. 137, JL. Stadion No. 03, Parakancanggah,
RT 001/RW 001, Jatiseeng, SEMARANG 2 (CAR) – MT HARYONO Banjarnegara
Ciledug, Cirebon Jl. MT. Haryono 657 A, Lantai 3, Tel : 0286-5985920
Tel : 0231-663709 Wonodri, South Semarang Fax : 0286-5985921
Fax : 0231-663712 Tel : 024-8318866
Fax : 024-8416800 CILACAP – PERINTIS
MAJALENGKA - KUNINGAN KEMERDEKAAN
Jl. Pramuka No. 38, RT 007/RW 003, KENDAL – SOEKARNO HATTA Jl. Perintis Kemerdekaan,
Purnawirangun, Kuningan Jl. Soekarno Hatta 346, RT 003/RW RT 01/RW 04, Kebonmanis
Tel : 0232-8881980 003, Pekauman, Kendal North Cilacap, Cilacap
Fax : 0232-8882154 Tel : 0294-571013 Tel : 0282-548777
Fax : - Fax : 0282-548133
JATIBARANG - PATROL
Jl. Raya Patrol RT 004/RW 003 SALATIGA - OSAMALIKI SOLO – SOLO BARU
(Front of Kecamatan Patrol Office - Jl. Osamiliki, RT 01/RW 03, No. 34, Jl. Raya Solo Permai
Indramayu) Mangunsari, Kota Salatiga, Salatiga Jl. No. 7-9, Solo Baru, Grogol
Tel : 0234-612816 Tel : 0298-3429111 Tel : 0271-626626
Fax : 0234-612817 Fax : 0298-321902 Fax : 0271-626623
SUKABUMI - PELABUHAN RATU SEMARANG 3 – SOEKARNO HATTA SRAGEN - SUKOWATI
Jl. Jend. Sudirman No. 99, Citepus, Jl. Supriyadi No. 27, RT 01/RW 08, Jl. Raya Sukowati, No. 412, Sragen
Pelabuhan Ratu Kalicari, Pedurungan, Semarang Wetan, Sragen
Tel : 0266-434190 Tel : 024-76729339 Tel : 0271-894646
Fax : 0266- 435246 Fax : 024-76729199 Fax : 0271-890913
SUKABUMI - CICURUG KUDUS – SUDIRMAN SQUARE KLATEN – PEMUDA UTARA
Leuwi Orok, RT 09/RW 04 Komp. Sudirman Square Jl. Pemuda Utara, No. 113, Bareng,
Sundawenang, Parung Kuda, Jl. Sudirman RT 03/RW 01, Rendeng, Klaten Tengah
Sukabumi Kudus Kota. Tel : 0272-322561
Tel : 0266-654144 Tel : 0291-441442 Fax : 0272-322546
Fax : 0266-6541449 Fax : 0291-444390
YOGYAKARTA 1 - TEGALREJO
CIANJUR - TANGGEUNG PATI – KYAI SALEH Jl. Jend. Sudirman No.42,
Wangunjaya Tanggeung RT 05/ Jl. Kyai Saleh No. 31, RT 006/RW 002, Gowongan, Jetis, Yogyakarta
RW 01, Margaluyu, Tanggeung, Pati Lor, Pati Tel : 0274-555007
Cianjur Tel : 0295-386400 Fax : 0274-555062
Tel : 0263-363862 Fax : 0295-381972
Fax : 0263-363863 YOGYAKARTA 2 – UMBUL HARJO
PURWODADI – AHMAD YANI Jl. IPDA TUT Harsono
JABAR REGION OFFICE – Jl. Ahmad Yani, No. 374 (Lingkungan No. 55A, Umbul Harjo
OFFICE OTHER THAN SHARIA Nglejok), Kuripan, Purwodadi Cangkringan, Yogyakarta
BUSINESS UNIT BRANCH Tel : 0292-423884 Tel : 0274-563131
OFFICE Fax : 0292-425028 Fax : 0274-563061
TASIKMALAYA – SINGAPARNA TEGAL – JEND SUDIRMAN MAGELANG – AHMAD YANI
Babakan Cianda, RT 01/RW 012, Jl. Jend. Sudirman No. 23/25 RT 001/ Jl. Ahmad Yani No. 40
Cilampung Hilir, Padakembang, RW 004, Randugunting, South Kedungsari, Magelang North
Tasikmalaya Tegal, Tegal Tel : 0293-363021
Tel : 0265-545770 Tel : 0283-322383 Fax : 0293-361246
Fax : 0265-545783 Fax : 0283-320714
JATENG REGION - SHARIA
TASIKMALAYA – KARANG PEKALONGAN – KH MANSUR BUSINESS UNIT BRANCH
NUNGGAL Jl. KH. Mansur 108, Bendan, OFFICE
Jl. Raya Karangnunggal, RT 01/RW Pekalongan
07, Karangnunggal, Tasikmalaya Tel : 0285-434681 SEMARANG I – MT HARYONO
Tel : 0265-580469 Fax : 0285-431096 Jl. MT. Haryono 657 A, Wonodri,
Fax : - South Semarang, Semarang
Tel : 024-8318866
CIREBON – CILEDUG Fax : 024-8416800
Jl. Dr. Wahidin Sudirohusodo,
No. 63 RT 01/RW 01, Sukapura,
Kejaksan, Bekasi
Tel : 0231-230750
Fax : 0231-225672
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Jl. Jend. Sudirman, No. 23/25, Jl. Jend. Sudirman Timur, No. 63 OTHER THAN SHARIA
RT 001/RW 004, Randugunting, RT 002/RW 006, Wanareja, Taman, BUSINESS UNIT BRANCH
South Tegal, Tegal South Pemalang OFFICES
Tel : 0283-322383 Tel : 0284-325695
Fax : 0283-320714 Fax : 0284-324138 TEGAL – BUMIAYU
Jl. P. Diponegoro No. 72 RT 001/
SOLO BARU - SOLO PURWOKERTO - PURBALINGGA RW 006, Bumiayu, Brebes
Jl. Ir Soekarno Blok JA No 7-9 Solo Jl. MT Haryono No. 20, Purbalingga Tel : 0289-432899
Baru, Madegondo, Grogol, Sukoharjo Kulon, Purbalingga Fax : 0289-432399
Tel : 0271-626626 Tel : 0281-894414
Fax : 0271-626622 Fax : 0281-892967 TEGAL - KETANGGUNGAN
Komp. Perdagangan, Jl. RA. Kartini
YOGYAKARTA - TEGALREJO BANJARNEGARA - WONOSOBO 003/001, Ketanggungan, Brebes
Jl. Jend. Sudirman No.42, Jl. RSUD, No. 2, Sedeng Kulon, RT 13/ Tel : 0283-881551
Gowongan, Jetis, Yogyakarta RW 04, West Wonosobo, Wonosobo Fax : 0283-881513
Tel : 0274-555007 Tel : 0286-3326191
Fax : - Fax : 0286-322871 SOLO - WONOGIRI
Jl. A. Yani 172 RT 001/RW 002,
JATENG REGION - OFFICES MAJENANG Kerdukepik, Giripurwo, Wonogiri
OTHER THAN BRANCH Pasar Majenang, Tel : 0273-323588
OFFICES Jl. Matahari, RT 005/RW 006, Fax : 0273-323926
Sindangsari, Majenang, Cilacap
SALATIGA - UNGARAN Tel : 0280-623796 EAST JAVA REGION - BRANCH
Jl. Muh. Yamin No. 10 Fax : - OFFICE
Bandarjo, Ungaran East, Semarang
Tel : 024-6927039 KEBUMEN SURABAYA 1 - MARGOREJO
Fax : - Jl. HM. Sarbini No.13 Jl. Margorejo 63 A – B, Ruko Margo
RT 06/RW 02, Bumirejo, Kebumen Indah Shop House, Margorejo,
DEMAK Tel : 0287-385624 Wonocolo, Surabaya
Jl. Sultan Hadiwijaya RT 05/RW 01, Fax : - Tel : 031-8475288
Mangunjiwan, Demak, Fax : 031-8495477
Tel : 0291-682087 SOLO - WONOGIRI
Fax : 0291-685699 Jl. A. Yani 172 RT 001/RW 002, PAMEKASAN
Kerdukepik, Giripurwo, Wonogiri Jl. Pintu Gerbang, No. 21, RT 02/
JEPARA Tel : 0273-323588 RW 03, Bugih, Pamekasan
Jl. Pemuda, No. 10 A, RT 03/RW 07, Fax : 0273-323926 Tel : 0324-325383
Panggang, Jepara Fax : 0324-325861
Tel : 0291-598628 SRAGEN - KARANG ANYAR
Fax : 0291-598659 Jl. Lawu No. 31, Karangpandan, SURABAYA 2 – IR SOEKARNO
Karang Anyar Ruko Icon 21 Blok S10-11,
PATI - REMBANG Tel : 0271-495911 Jl. Dr. Ir. H. Soekarno RT 001/RW 001,
Jl. P Sudirman No. 163 Fax : 0271-495898 Tel : 031-5049898
RT 01/RW 03, Kabongan Lor, Fax : 031-5046633
Rembang BOYOLALI
Tel : 0295-6997093 Jl. Kates No. 2, Siswodipuran, SURABAYA 3 (CAR) – KAYON
Fax : - Boyolali Jl. Kayon No. 2 C-D, RT 1/RW 5,
Tel : 0276-323038 Embong Kaliasin, Surabaya
PURWODADI - GUBUG Fax : - Tel : 031-5318640
Jl. A. Yani, RT 05/RW 04, Gubug, Fax : 031-5318658
Grobogan YOGYAKARTA 2 - WONOSARI
Tel : 0292-5135892 Jl. KH. Agus Salim, No. 71, Kepek, SURABAYA 4
Fax : 0292-5135891 Wonosari, Gunung Kidul Ruko Satellite Town Square
Tel : 0274-393382 Blok B 16-18, Jl. Sukomanunggal,
TEGAL - BUMIAYU Fax : 0274-393383 Surabaya
Jl. P. Diponegoro No. 72 Tel : 031-7322000
RT 001/RW 006, Bumiayu, Brebes TEMANGGUNG Fax : 0317-324064
Tel : 0289-432599 Jl. Jend. Sudirman
Fax : 0289-432399 No. 172, Kowanga, Temanggung SIDOARJO – HANG TUAH
Tel : 0293-493511 Jl. Hang Tuah No. 2, RT 007/RW 002,
TEGAL - KETANGGUNGAN Fax : 0293-493083 Sidomekti, Sidoarjo
Komp. Perdagangan, Jl. RA. Kartini Tel : 031-8921416
RT 003/RW 001, Ketanggungan, PURWOREJO Fax : 031-8921221
Brebes Jl. A. Yani, No. 25 A, RT 05/RW 12,
Tel : 0283-881511 Purworejo
Fax : 0283-881513 Tel : 0275-322500
Fax : 0275-325075
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GRESIK – KARTINI PONOROGO – JEND. SUDIRMAN JEMBER – GAJAH MADA
Ruko Building Kartini , Jl. R.A. Kartini Jl. Panglima Besar Sudirman, No. 55, Jl. Gajah Mada No. 229, RT 004/RW
No. 236/A1, Sidomoro, Kebomas Mangkujayan, Ponorogo 002, Kel. Kaliwates, Jember
Tel : 031-3987726 Tel : 0352-489241 Tel : 0331-424666
Fax : 031-3990461 Fax : 0352-462340 Fax : -
TUBAN – LUKMAN HAKIM TULUNGAGUNG – HASANUDIN KEDIRI - ERLANGGA
Jl. Lukman Hakim No. 43, RT 003/ Panglima Sudirman Trade Centre Jl. Erlangga 39, RT 002/RW 010,
RW 004, Tuban Blok B5-7, Jl. S. Hasanudin, Kenayan, Banjaran, Kediri Kota, Kediri
Tel : 0356-333066 Tulungagung Tel : 0354-690533
Fax : 0356-332442 Tel : 0355-336270 Fax : -
Fax : 0355-337002
BOJONEGORO – VETERAN PASURUAN – SOEKARNO HATTA
Jl. Veteran, No. 188, RT 038/RW 006, BLITAR – MELATI Jl. Soekarno Hatta Pasuruan No. 9A,
Sukorejo, Bojonegoro Jl. Raya Melati No. 1, Ruko A - D Gadingrejo, Pasuruan
Tel : - (Simpang Melati Veteran), Tel : 0343-431534
Fax : - Kepanjen Kidul, Blitar Fax : 0343-411807
Tel : 0342-816178
MOJOKERTO – YOS SUDARSO Fax : 0342-816179 JATIM REGION - OFFICES
Jl. Yos Sudarso No. 29-35 Mojokerto, OTHER THAN BRANCH
Mentikan, Prajurit Kulon, Mojokerto MALANG 1 – JA. SUPRAPTO OFFICES
Tel : 0321-330393 Jl. Jaksa Agung Suprapto
Fax : 0321-325842 No. 56, Claket, Klojen, Malang SURABAYA 5 - SURABAYA DRB
Tel : 0341-364646 Jl. Margorejo 63 A - B (Ruko Margo
JEMBER – GAJAH MADA Fax : 0341-364616 Indah Shop House), Margorejo,
Jl. Gajah Mada No. 229, RT 004/RW Wonocolo, Surabaya
002, Kaliwates, Jember MALANG 2 – TUMENGGUNG SURYO Tel : 031-8475288
Tel : 0331-424666 Jl. R Tumenggung Suryo 30 A dan B, Fax : -
Fax : - Bunulrejo, Blimbing, Malang
Tel : 0341-579901 PAMEKASAN - SUMENEP
SITUBONDO – BASUKI RAHMAT Fax : 0341-579902 Jl. Pahlawan No. 28, Pamolokan,
Jl. Basuki Rahmat, No. 128, Sumenep
Mimbaan, Panji, Situbondo KEPANJEN – AHMAD YANI Tel : 032-86760086
Tel : 0338-670730 Jl. Ahmad Yani No. 04, Kavling Fax : 032-86760085
Fax : 0338-679980 D1-D4, RT 04/RW 02, Ardirejo,
Kepanjen, Malang PAMEKASAN - SAMPANG
PROBOLINGGO – GATOT SUBROTO Tel : 0341-393844 Jl. Diponogoro RT 03/RW 03,
Jl. Gatot Subroto, No. 65 – 67, Fax : 0341-391686 Banyuanyar, Sampang
Probolinggo, RT 01/RW 03, Tel : -
Mangunharjo, Mayangan, PASURUAN – SOEKARNO HATTA Fax : -
Probolinggo Jl. Soekarno Hatta Pasuruan no 9 A,
Tel : 0335-432200 Gadingrejo, Pasuruan SURABAYA 2 - BANGKALAN
Fax : - Tel : 0343-431534 Jl. R. E. Martadinata No. 28, Mlajah,
Fax : 0343-411807 Bangkalan
BANYUWANGI – S. PARMAN Tel : 031-51161788
Jl. S. Parman, No. 33, JATIM REGION - SHARIA Fax : 031-51161755
Komp. Perkantoran Gardenia Estate BUSINESS UNIT BRANCH
Kav. 5,6,7, Pakis, Banyuwangi OFFICES GRESIK - LAMONGAN
Tel : 0333-411589 Ruko Lamongan Trade Center
Fax : 0333-414163 PAMEKASAN – PINTU GERBANG Blok B 9-10, Jl. Sunan Giri,
Jl. Pintu Gerbang No. 21, RT 02/RW Tumenggungan, Lamongan
KEDIRI - ERLANGGA 03, Bugih, Pamekasan Tel : 0322-324834
Jl. Erlangga 39, RT 002/RW 010, Tel : 0324-325383 Fax : 0322-324856
Banjaran, Kediri Kota, Kediri Fax : 0324-325861
Tel : 0354-690533 MOJOKERTO - MOJOSARI
Fax : - SURABAYA 2 – IR. SOEKARNO Komp Ruko Royal RE-2,
Ruko Icon 21 Blok S10-11, Jl. Airlangga, Seduri, Mojosari,
MADIUN – AGUS SALIM Jl. Dr. Ir. H. Soekarno 001/001, Mojokerto
Jl. H Salim No. 176, RT 18/RW 05, Klampisngasem, Sukolilo, Surabaya Tel : 0321-595838
Nambahan Lor, Mangunhardjo, Tel : 031-5049898 Fax : 0321-593263
Madiun Fax : 031-5046633
Tel : 0351-493101 MOJOKERTO - JOMBANG
Fax : 0351-493105 Jl. Soekarno Hatta, No. 3,
Komp. Ruko Cempaka Mas Blok A,
No. 19-20, Kepuh Kembeng,
Peterongan, Jombang
Tel : 0321-871564
Fax : -
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JEMBER - BALUNG JATIM REGION - OFFICE OTHER KISARAN
Jl. Rambipuji, No. 120, Balung Lor, THAN SHARIA BUSINESS UNIT Jl. Abdi Setya Bhakti, Komp. Graha
Balung, Jember BRANCH OFFICE Asahan Indah Blok C No. 35 -36, Sei
Tel : 0336-621666 Ranggas, West Kisaran, Asahan
Fax : - PAMEKASAN - SUMENEP Tel : 0623-348239
Jl. Pahlawan No. 28, Pamolokan, Fax : 0623-348237
SITUBONDO - BONDOWOSO Sumenep
Ruko Crown Plaza, Wahid Hasyim Tel : 032-86760086 PEMATANG SIANTAR
168, Blindungan, Bondowoso Fax : 032-86760085 Jl. Sang Nawaluh Kompleks, Mega
Tel : 0332-423135 Land Blok AA No. 18 – 20,
Fax : 0332-432673 PAMEKASAN - SAMPANG Siopta Suhu, Siantar East,
Jl. Diponogoro RT 03/RW 03, Pematang Siantar
BANYUWANGI - GENTENG Banyuanyar, Sampang Tel : 0622-24375
Jl. Gajah Mada, No. 281-287, Dusun Tel : - Fax : 0622-27386
Krajan, RT 001/RW 005, Genteng Fax : -
Kulon, Genteng, Banyuwangi RANTAU PRAPAT
Tel : 0333-842346 KEDIRI - NGANJUK Jl. Sisingamangaraja No. 38-40,
Fax : 0333-842198 Jl. Gatot Subroto No. 2b, Kauman, Aek Tapa, Bakaran Batu
Nganjuk Tel : 0624-327755
PROBOLINGGO - LUMAJANG Tel : 082894064857 Fax : 0624-327753
Jl. Wahid Hasyim 80, Citradiwangsa, Fax : -
Tompokkersan, Lumajang, Jatim PEKANBARU – JEND. SUDIRMAN
Tel : 0334-891562 JEMBER - BALUNG Jl. Jend Sudirman, No. 121, RT 001/
Fax : - Jl. Rambipuji, No. 120, Balung Lor, RW 005, Pekanbaru
Balung, Jember Tel : 0761-855351
KEDIRI - NGANJUK Tel : 0336-621666 Fax : 0761-849000
Jl. Gatot Subroto No. 2b, Kauman, Fax : -
Nganjuk PERAWANG – TUALANG
Tel : 082894064857 PASURUAN - PANDAAN Jl. Raya Perawang KM 7, RT 002/
Fax : - Jl. Raya Kalitengah No. 11, RT 006/ RW 003, West Perawang, Tualang,
RW 005, Karangjati, Pandaan, Siak
MADIUN - NGAWI Pasuruan Tel : 0811-7087-82
Jl. Yos Sudarso No. 28, Margomulyo, Tel : 0343-636323 Fax : -
Ngawi Fax : 0343-634040
Tel : 0351-745522 PEKANBARU 2 (CAR) – TAMBUSAI
Fax : 0351-742178 SURABAYA 2 - BANGKALAN Jl. Tuanku Tambusai, Jatirejo,
Jl. R. E. Martadinata No. 28, Mlajah, Sukajadi, Pekanbaru, Riau
PONOROGO - PACITAN Bangkalan Tel : 0761-7891465
Jl. Panglima Sudirman No. 151 Tel : 031-51161788 Fax : -
RT 02/RW 01, Baleharjo, Pacitan Fax : 031-51161755
Tel : 0357-885151 RENGAT – SULTAN IBRAHIM
Fax : - SUMUT REGION - BRANCH Jl. Sultan Ibrahim, RT 017/RW 006,
OFFICE Kampung Besar, Rengat
TULUNGAGUNG - TRENGGALEK Tel : 0796-324217
Ruko Hayam Wuruk Lantai 1 No. 2 & 3 MEDAN 1 – RING ROAD Fax : 0769-324218
Jl. Soekarno Hatta No. 3, Ngantru, Komplek OCBC No. 8,9,10,11,
Trenggalek Jl. Ringroad Setiabudi II, Sunggal, BANGKINANG
Tel : 0355-796768 Medan Sunggal Jl. Teuku Umar, No. 35-36, RT 002/
Fax : 0355-796954 Tel : 061-4519991 RW 002, Bangkinang, Kampar
Fax : 061-4516915 Tel : 0762-322030
BLITAR - WLINGI Fax : 0762-322444
Jl. Panglima Sudirman (Samping MEDAN 2 (CAR) – RING ROAD
Laboratorium Kartika), RT 01/RW 05, Komplek OCBC No. 8,9,10,11, DUMAI – A YANI
Beru, Wlingi, Blitar Jl. Ringroad Setiabudi II, Sunggal, Jl. A Yani, RT 17/RW -, Ratu Sima,
Tel : 0342-694058 Medan Sunggal South Dumai, Dumai
Fax : 0342-694129 Tel : 061-4519991 Tel : 0765-36985
Fax : 061-4516915 Fax : 0765-37008
PASURUAN - PANDAAN
Jl. Raya Kalitengah No. 11, RT 006/ MEDAN 3 - TITI KUNING BATAM – LAKSAMANA BINTAN
RW 005, Karangjati, Pandaan, Jl. Abdul Haris Nasution No. 88D, Jl. Laksamana Bintan Komplek
Pasuruan Titi Kuning, Medan Johor, Medan Bintang Mas Blok C No 2-3,
Tel : 0343-636323 Tel : 061-7873629 Sei Panas
Fax : 0343-634040 Fax : 061- 7873638 Tel : 0778-492051
Fax : 0778-492045
TEBINGTINGGI – A YANI
Jl. Ahmad Yani No. 200 A - C,
Mandailing Natal, Padang Hulu,
Tebing Tinggi
Tel : 0621-328468
Fax : -
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SUMUT REGION - SHARIA MEDAN - KABANJAHE PERAWANG - PANGKALAN KERINCI
BUSINESS UNIT BRANCH Jl. Kapten Upah Tendi Sebayang Jl. Akasia No. 58 D - E (Next to PLN
OFFICE No. 07, RT 005/RW 003, Padang Mas, Office), Pangkalan Kerinci,
Kabanjahe, Karo Pelalawan
BANDA ACEH – TEUKU UMAR Tel : 0628-21700 Tel : 0761-493028
Jl. Dr. Mr. Mohd. Hasan, Batoh, Fax : 0628-20900 Fax : 0761-493057
Leung Bata, Banda Aceh
Tel : 0651-40181 TEBING TINGGI - SEI RAMPAH PERAWANG - SIAK
Fax : 0651-40162 Jl. Negara Komplek Ruko Asia Bisnis Jl. Raja KeciK, RT 012/RW 004,
Centre No. 88 DD, Sei Rampah, Kampung Dalam Siak
LANGSA – AHMAD YANI Serdang Begadai Tel : 0764-320729
Jl. A. Yani No 78 (samping swalayan Tel : 0621-441471 Fax : 0764-320729
senyum), Paya Bujuk Blang Pase, Fax : 0621-441471
Langsa Kota, Langsa PERAWANG - SOREK
Tel : 0641-7444205 KISARAN - AEK KANOPAN Jl. Lintas East, RT 001/RW 003,
Fax : 0641-7444208 Jl. Besar Aek Loba Pekan, West Sorek Satu, Pangkalan Kuras
Ledong, Aek Kuasan Asahan Pelalawan, Sorek
MEULABOH – JOHAN PAHLAWAN Tel : 0624-92044 Tel : 0761-492176
Jl. Manekroo Simpang Geureutee, Fax : 0624-92847 Fax : 0761-492175
(Samping Warkop Malaka), Kuta
Padang, Johan Pahlawan, Meulaboh PEMATANG SIANTAR - BALIGE PERAWANG - KANDIS
Tel : 0655-7551496 Jl. Sisingamaraja No 158, Napitupulu Jl. Lintas Pekanbaru-Duri Km. 72,
Fax : 0655-7551495 Bagasan, Balige, Toba Samosir RT 001/RW 006, Telaga Sam-Sam,
Tel : 0632–21565 Kandis, Siak
BANGKINANG – TEUKU UMAR Fax : 0632-21555 Tel : 0761-598833
Jl. Teuku Umar No. 35-36, RT 002/ Fax : 0761-598833
RW 002, Bangkinang, Kampar RANTAU PRAPAT - KOTA PINANG
Tel : 0762-322030 Jl. Bukit No. 73A, Komp. Ruko Baru, RENGAT - TALUK KUANTAN
Fax : 0762-322444 Kota Pinang, Labuhan Batu Jl. Jend. Sudirman (Next to IMFI
Tel : 0624-496194 Taluk Kuantan), Beringin Teluk,
MEDAN – RING ROAD Fax : 0624-495831 Kuantan Tengah, Kuantan Singingi
Jl. Gagak Hitam/Komplek OCBC No Tel : 0760-20245
A8-A11, Ringroad Setiabudi II, Asam RANTAU PRAPAT - PADANG Fax : 0760-20717
Kumbang, Medan Selayang, Medan SIDEMPUAN
Tel : 061-4519991 Jl. Sudirman No. 62 B, WEK II, RENGAT - BELILAS
Fax : - Padang Sidempuan Utara, Sumut Jl. Lintas East Simpang 4, Belilas,
Tel : 0636–28908 RT 15/RW 05, Pangk Kasai, Seberida
SUMUT REGION - OFFICES Fax : - Indragiri Hulu
OTHER THAN BRANCH Tel : -
OFFICES RANTAU PRAPAT - SIBUHUAN Fax : -
Jl. K.H. Dewantara Lingkungan VI,
MEDAN - BINJAI Pasar Sibuhuan Barumun, RENGAT - AIR MOLEK
Jl. Sultan Hasanuddin No. 12A, Satria, Padang Lawas Jend. Sudirman, No. 69, RT 003/RW
Binjai Kota, Binjai, Sumut Tel : 0636–421591 002, Tanjung Gading, Pasir Penyu
Tel : 061-8828880 Fax : 0636–421421 Air Molek
Fax : 061-8820479 Tel : 0769-442730
RANTA PRAPAT - NIAS Fax : 0769-442730
MEDAN - TEMBUNG Jl. Diponegoro LK IV, No. 269, Ilir,
Komplek Mega City Tembung Gunung Sitoli, Nias RENGAT - TEMBILAHAN
Blok A20, Desa Bandar Klippa Tel :0639–22216 Jl. H. Sadri, RT 02/RW 06,
Percut Sei Tuan, Deli Serdang Fax :- Tembilahan Kota, Tembilahan,
Tel : 061-7381768 Tembilahan, Indragiri Hilir
Fax : 061-7385970 PEKANBARU DRB Tel : 0768-21788
Jl. Jend Sudirman No.121 Pekanbaru, Fax : 0768-21757
MEDAN - MARELAN RT 01/RW 05,Wonorejo,
Jl. Marelan Pasar IV, No. 67, Marpoyan Damai BANGKINANG - UJUNG BATU
Reggas Pulau, Medan Marelan, Tel : 0761-862417 ROKAN
Marelan, Sumut Fax : - Jl. Jend. Sudirman RT 001/RW 001,
Tel : 061-6841284 East Ujungbatu, Ujungbatu
Fax : - PEKANBARU – LIPAT KAIN Rokan Hulu
Jl. H.R. Soebrantas Lipat Kain, Km 71, Tel : 0762-62177
MEDAN - LUBUK PAKAM RT 001/RW 011, Lipat Kain, Fax : 0762-62177
Jl. Diponegoro No. III, Lubuk Pakam Kampar Kiri, Kampar, Riau
I - II, Deli Serdang, Sumut Tel : -
Tel : 061-7955715 Fax : -
Fax : -
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BANGKINANG - PASIR ACEH – BIREUN LANGSA – KUALA SIMPANG
PANGARAYAN JL. Laksamana Malahayati No. 5, Jl. Medan, Banda Aceh, (dekat Hotel
Jl. Tuanku Tambusai Pasir Putih Bandar Bireuen Kota Juang, Bireun Moreilisa), Kuala Simpang
East, RT 001/RW 002, Tel : - Tel : -
Pematang Berangan Fax : - Fax : -
Rambah, Pasir Pangarayan
Tel : - ACEH – SIGLI BANGKINANG - UJUNG BATU
Fax : - Jl. Prof. A Majid Ibrahim, Gampong ROKAN
Blang Asan, Kota Sigli Jl. Jenderal Sudirman Kampung
BANGKINANG - DALU-DALU Tel : Baru Bawah, Ujung Batu, Ujung
Jl. Tuanku TambusaiRT 01/ Fax : Batu, Rokan Huli, Riau
RW 01, Dalu -Dalu, Tambusai Tel : -
Tengah,Tambusai, Rokan Hulu LANGSA – IDI Fax : -
Tel : - Jl. Medan Banda Aceh Mansur,
Fax : - Gampong Tanah Anou, Idi Rayeuk BANGKINANG – FLAMBOYAN
Tel : - Jl. Lintas Petapahan, Kota Garo,
BANGKINANG - FLAMBOYAN Fax : - RT 016/RW 005, Bangkinang
Jl. Lintas Petapahan, Kota Garo, Tel : -
RT 016/RW 005, Tanjung Sawit, LANGSA – KUTACANE Fax : -
Tapung, Kampar, Riau Jl. Iskandar Muda, Medan Kutacane
Tel : - Tel : - SUMSEL REGION - BRANCH
Fax : - Fax : - OFFICE
DUMAI - DURI MEULABOH – BLANGPIDI PADANG - THAMRIN
Jl. Lintas Duri Dumai KM 125 Jl. Kesehatan, Kuta Tuha, Blangpidie Jl. Thamrin No. 1 Belakang Pondok,
(Next to Hotel Surya), RT 10/RW 03, Tel : - South Padang, Padang
Balai Makam, Mandau, Duri Fax : - Tel : 0751-812235
Tel : 0765-598404 Fax : 0751-841411
Fax : 0765-598403 MEULABOH – SUBULUSSALAM
Jl. Teuku Umar, Subussalam, PADANG 2 (CAR) – PATTIMURA
DUMAI - BENGKALIS Simpang Kiri Jl. Pattimura No. 4, RT 03/RW 07,
Jl. Gatot Subroto, RT 01/RW 04, Tel : - Kampung Jao, Padang West,
Rimba Sekampung, Bengkalis Fax : - Padang
Tel : 0766-22561 Tel : 0751-7530558
Fax : 0766-22563 MEDAN-BINJAI Fax : 0751-7530557
Jl. Sultan Hasanudin 12, Binjai
DUMAI - SELAT PANJANG Tel : - PARIAMAN – JATI
Jl. Banglas RT 003/RW 003, Fax : - Jl. Sentot Ali Basa (Depan Masjid
East Selat Panjang, Tebing Tinggi, Raya Jati Pariaman), Jati Mudik,
Kepulauan Meranti, Riau BANGKINANG - PASIR Pariaman Tengah, Pariaman
Tel : - PANGARAYAN Tel :0751-91240
Fax : - Jl. Tuanku Tambusai, RT 01/ Fax :0751-91280
RW 02, Pasir Putih Timur, Pematang
DUMAI OMBAK - BAGAN BATU Berangan, Rambah Pasir, Pangarayan PASAMAN – SIMPANG EMPAT
Jl. Jend. Sudirman RT 02/RW 02, Tel : - Jl. Lintang Selatan Empat
Bagan Batu, Bagan Sinembah, Riau Fax : - Manggopoh Simpang Empat (di
Tel : 0765-51777 samping Simpang Polsek Pasaman)
Fax : 0765-51777 BANGKINANG - DALU-DALU Lingkungan AUA, Pasaman Barat,
Jl. Tuanku Tambusai, RT 001/ Pasaman, Pasaman Barat
BATAM - TANJUNG PINANG RW 001, Lingkungan Kuba (kubu Tel : 0753-466383
Jl. Gatot Subroto, Km. 5 Bawah Baling-Balin), Tengah Tambusai, Fax : 0753-466382
No. 4, Tanjung Pinang East, Tambusai
Tanjung Pinang Tel : - SOLOK – PASAR PANDAN
Tel : 0771-314599 Fax : - Jl. Pandan Ujung No. 41, RT 01/RW 01
Fax : - Pasar Pandan Air, Pasar Pandan Air
ACEH - PHANTON LABU Mati, Tanjung Harapan, Solok
SUMUT REGION - OFFICES Jl. T Hamzah Bendahara Kota Tel : 0755-21038
OTHER THAN SHARIA Pantonlabu, Tanah Jambu Aye, Fax : 0755-325150
BUSINESS UNIT BRANCH North Aceh
OFFICES Tel : - AGAM – JAMBU AIR
Fax : - Ruko Panama Jl. Jambu Air KM 2,
ACEH – LHOKSEUMAWE No.75 & 77, Banuhampu Sungai
Jl. Samudera Baru, Simpang Empat, ACEH – TAKENGON Puar, Agam
Banda Sakti Jl. Soekarno – Hatta, Baro Kampung Tel : 0752 628836
Tel : - Tebet, Bebesaen, Central Aceh Fax : 0752 628836
Fax : - Tel : -
Fax : -
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
JAMBI – HAYAM WURUK BANDAR JAYA – PLOKAMATOR SOLOK - SAWAH LUNTO
Jl. Hayam Wuruk No. 49-51, Jl. Proklamator Raya No. 23, Jl. Lintas Sumatera Km. 3, Jorong
Payo Lebar, Jelutung, Jambi Dusun 5, RT 012/RW 005, Padang, Candi Nagari Sei, Dareh,
Tel : 0741-27979 Bandar Jaya West, Terbanggi Besar, Pulau Punjung Darmasraya
Fax : 0741-27979 Lampung Tengah Tel : 0754-451296
Tel : 0725-25980 Fax : -
JAMBI 2 (CAR) – HAYAM WURUK Fax : 0725-25981
Jl. Hayam Wuruk No. 49-51, SOLOK - KOTO BARU
Payo Lebar, Jelutung, Jambi SUMSEL REGION - SHARIA Jl. Lintas Sumatera, Pasar Koto
Tel : 0741-27979 BUSINESS UNIT BRANCH Baru, Palo Padang Koto Baru,
Fax : 0741-27979 OFFICE Dharmasraya
Tel : 0754-71851
MUARA BUNGO PADANG - THAMRIN Fax : -
Jl. Jenderal Sudirman No. 65, RT 002/ Jl. Thamrin No. 1, Belakang Pondok,
RW 001, Pasir Putih, Rimbo Tengah, South Padang, Padang BUKIT TINGGI - PAYAKUMBUH
Bungo Tel : 0751-812235 Komp Toyota Intercom, Payakumbuh,
Tel : 08117452128 Fax : 0751-841411 Jl. Sukarno Hatta No. 1, Pakan
Fax : - Sinayan, Payakumbuh Barat
AGAM – JAMBU AIR Tel : 0752-95460
PALEMBANG - BASUKI RAHMAT Ruko Panama Jl. Jambu Air KM 2, Fax : -
Jl. Basuki Rahmat No. 1779 ABCD, No.75 & 77, Banuhampu Sungai
RT 26/RW 10, Pahlawan, Kemuning, Puar, Agam JAMBI - MUARA BULIAN
Palembang Tel : 0752 628836 Jl. Gajah Mada No. 99, RT 007/
Tel : 0711-310022 Fax : 0752 628836 RW 002, Rengas Condong, Muara
Fax : 0711-378735 Bulian, Jambi
JAMBI – HAYAM WURUK Tel : 0743-22696
PALEMBANG VETERAN Jl. Hayam Wuruk No. 49 – 51, Fax : -
Kompleks Rajawali, Jl. Veteran Payo Lebar, Jelutung, Jambi
No. 993, RT 16/RW 05, Ilir East, Tel : 0741-27979 JAMBI - SUNGAI BAHAR
Palembang Fax : 0741-27979 Jl. Poros Unit 1, RT 07/RW 00, Suka
Tel : 0711-310511 Makmur, Sungai Bahar Muara Jambi
Fax : 0711-310512 BENGKULU - TENDEAN Tel : 082882030494
Jl. Kapt. Tendean No. 27A-D, Fax : -
BATU RAJA - OKU RT 004/RW 002, Jembatan Kecil,
Jl. DR. Moh. Hatta Komp. Simpang Singaraja Pati, Bengkulu JAMBI - KUALA TUNGKAL
Baku RT 11/RW 05, Komp Simpang Tel : 0736-341732 Jl. Ki Hajar Dewantara, Tungkal IV
Bakung Fax : 0736-345457 Kota, Tungkal Ilir, Jambi
Tel : 0735-322200 Tel : 082882030660
Fax : 0735-323675 SUMSEL REGION - OFFICES Fax : -
OTHER THAN BRANCH
BENGKULU - TENDEAN OFFICES JAMBI - SANGETI
Jl. Kapt. Tendean, No. 27A-D RT 004/ Jl. Lintas Timur, RT 08/RW 03,
RW 002, Jembatan Kecil, Singaraja PADANG - AIRHAJI Sengeti, Sekernan Muaro, Jambi
Pati, Bengkulu Jl. Koto Panai, Koto Panai Air Haji, Tel : 082882031273
Tel : 0736-341732 Linggo Sari Baganti, Pesisir Selatan Fax :
Fax : 0736-345457 Tel : 0757-7344347
Fax :0757-7344350 JAMBI - MERLUNG
BENGKULU 2 (CAR) – TENDEAN Jl. Lintas Timur, RT 001/RW 000,
Jl. Kapt. Tendean No. 27A-D, RT 004/ PARIAMAN - LUBUK ALUNG Merlung, Tanjung Jabung Barat
RW 002, Jembatan Kecil, Singaraja Jl. Raya Padang Bukittinggi, Korong Tel : 082882030058
Pati, Bengkulu Sungai Abang, Lubuk Alung, Fax : -
Tel : 0736-342478 Padang Pariaman
Fax : 0736-345457 Tel : 0751-698389 JAMBI - MUARA SABAK
Fax : - Jl. Imam Bonjol, RT 001/RW 000,
LAMPUNG – GATOT SUBROTO Talang Babat, Muara Sabak Barat,
Jl. Gatot Subroto No. 99 D-H, PASAMAN - UJUNG GADING Tanjung Jabung Timur
Tanjung Gading, Kedamaian, Bandar Jl. Flores Jorong Kuamang, Ujung Tel : 082882030630
Lampung Gading, Lembah Melintang, Fax : -
Tel : 0721-242293 Pasaman Barat
Fax : 0721-242295 Tel : 0753-470512 MUARA BUNGO - BANGKO
Fax : 0753-470140 Jl. Tiga Jalur Lintas Sumatera,
LAMPUNG 2 (CAR) – GATOT RT. 010/RW 004, Lingkungan
SUBROTO PASAMAN - LUBUK SIKAPING Permata Permai, Sei Ulak, Nalo
Jl. Gatot Subroto No. 99 D-H, Komp. Pasar Lamo, Jl. Sudirman Tantum, Marangin,
Tanjung Gading, Kedamaian, No. 241, Durian Tinggi, Lubuk Tel : 0746-322848
Bandar Lampung Sikaping Fax : 0746-322849
Tel : 0721-242293 Tel : 0753-321714
Fax : 0721-242295 Fax : -
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MUARA BUNGO - SOROLANGUN METRO - JEND SUDIRMAN BUKIT TINGGI – PAYAKUMBUH
Jl. Lintas Sumatera KM 1, Sukasari, Jl. Jend. Sudirman No. 76, Imapuro, Jl. Soekarno Hatta, RT 03/RW 01,
Sorolangun, Jambi Metro Pusat, Metro, Lampung Pakan Sinayan, Payakumbuh West
Tel : 0745-91827 Tel : - Kota, Payakumbuh
Fax : - Fax : - Tel : -
Fax : -
MUARA BUNGO - MUARATEBO LAMPUNG – KALIANDA
Jl. Lintas Tebo – Bungo Km. 3, RT 01/ Jl. Kesuma Bangsa, No. 88 A, RT002/ JAMBI - MUARA BULIAN
RW 05, Tebing Tinggi, Tebo Tengah, RW 001, Kalianda, Lampung Selatan Jl. Gajah Mada, RT 007/RW 002,
Muaratebo Tel : 0727–31602 Rengas Condong, Muara Bullan,
Tel : 0744-21687 Fax : 0727-321332 Batang Hari, Jambi
Fax : - Tel : -
LAMPUNG - KOTA AGUNG Fax : -
PANGKAL PINANG – BELITUNG Jl. Ahmad Yani, No. 21-22 RT 01/
Jl. Jend. Sudirman No. 18A, Pangkal RW 02, Pringsewu Timur, Pringsewu JAMBI – SUNGAI BAHAR
lalang, Tanjung Pandan, Belitung Tel : 0722-21117 Jl. Gajah Mada No. 99 RT 07/RW 02,
Tel : 0719-24884 Fax : 0722-21117 Rengas Condong, Muara Bulian,
Fax : 0719-25124 Jambi
LAMPUNG - TANJUNG BINTANG Tel : -
PALEMBANG 1 -SEKAYU Jl. Veteran Pasar Tanjung Bintang, Fax : -
Jl. Kol. Wahid Udin, No. 559 C, Jati Baru, Tanjung Bintang,
RT 02/RW -, LK 1, Serasan Jaya, Lampung Selatan JAMBI - KUALA TUNGKAL
Sekayu, Musi Banyuasin Tel : 0721-8020346 Jl. KH Dewantara, RT 15, Tungkal Ilir,
Tel : 0714-323138 Fax : 0721-8020349 Tanjung Jabung Barat, Jambi
Fax : - Tel : -
BANDAR JAYA - TULANG BAWANG Fax : -
PALEMBANG 3 – PRABUMULIH Jl. Lintas Timur Sumatera,
Ruko Graha Bumi Damai, Komp. Pasar Unit II, RT 2/RW 2, JAMBI - SANGETI
Jl. Jend. Sudirman No. 11-12, Gunung Tunggal Warga, Banjar Agung, Jl. Lintas Timur Sangeti, RT 08/RW -,
Ibul Barat, Prabumulih Timur, Tulang Bawang Sangeti, Sekernan, Muaro Jambi
Prabumulih Tel : 0726-750122 Tel : -
Tel : 0713-3300281 Fax : 0726-750925 Fax : -
Fax : 0713-3300282
BANDARJAYA - DAYA MURNI JAMBI - MERLUNG
BATURAJA - MUARA ENIM Jl. Daya Asri No. 404, RT 04/RW Jl. Lintas Timur, RT 001/RW 000,
Jl. A Yani, No. 19/35B RT 001/RW 001, 02, Daya Murni, Tumi Jajar, Tulang Merlung, Tanjung Jabung Barat,
Pasar 1, Muara Enim Bawang Barat Jambi
Tel : 0734-422165 Tel : 0724-351425 Tel : -
Fax : 0734-421006 Fax : 0724-351465 Fax : -
BATURAJA - LAHAT METRO - WAY JEPARA JAMBI - MUARA SABAK
Jl. Kol H. Burlian Blok D (Singpang Pasar Sribhawono, Jl. Imam Bonjol, RT 001/RW 001,
Blok C), Bandar Jaya, Lahat Jl. Simpang Sribhawono, RT 036/ Talang Babat, Muara Sabak Barat,
Tel : 0731-324147 RW 006, Sri Menanti, Bandar Tanjung Jabung Timur, Jambi
Fax : 0731-322431 Sribhawono, East Lampung Tel : -
Tel : 0725-660567 Fax : -
BATURAJA - BELITANG Fax : -
Jl. Sudirman, RT 003/RW 005, KALIMANTAN REGION -
Gumawang, Oku Timur SUMSEL REGION - OFFICES BRANCH OFFICE
Tel : - OTHER THAN SHARIA
Fax : - BUSINESS UNIT BRANCH SAMARINDA – AHMAD YANI
OFFICES Jl. Ahmad Yani No. 3A-B, Sei/Sungai
BENGKULU 2 – LUBUKLINGGAU Pinang Dalam, Sungai Pinang,
Jl. Sultan Mahmud Badaruddin II, BENGKULU – ARGAMAKMUR Samarinda
No. 75, RT 006, Margarahayu, Lubuk Jl. Ir Soekarno No. 3, Rama Agung, Tel : 0541-742734
Linggau Selatan II, Lubuk Linggau Arga Makmur Fax : 0541-738607
Tel : - Tel : -
Fax : - Fax : - SAMARINDA 2 (CAR) – AHMAD YANI
Jl. Ahmad Yani No. 3A-B, Sei/Sungai
BENGKULU - ARGA MAKMUR BENGKULU - MUKO-MUKO Pinang Dalam, Sungai Pinang,
Jl. Ir. Soekarno No. 3, Rama Agung, JL. Ujung Padang, Ujung Padang Samarinda
Kota Argamakmur, North Bengkulu Kota, Mukomuko Tel : 0541-742734
Tel : 0737-522868 Tel : - Fax : 0541-738607
Fax : 0737-522868 Fax : -
BALIKPAPAN – JENDERAL
BENGKULU - MUKO-MUKO PADANG – AIRHAJI SUDIRMAN
Jl. Jend. Sudirman, Ujung Padang Jl. Koto Panai (Next to Yamaha Air Jl. Jend. Sudirman No. 287, Damai,
Muko-muko Utara, Mukomuko Haji), Koto Panai Air Haji, Linggo Sari Balikpapan Selatan, Balikpapan
Tel : - Baganti, South Pesisir Tel : 0542-744870
Fax : 0725-7851034 Tel : - Fax : 0542-744890
Fax : -
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
TARAKAN - MULAWARMAN PONTIANAK – AHMAD DAHLAN BALIKPAPAN – GROGOT
Jl. Mulawarman, RT 41/RW -, Karang Jl. KH. Ahmad Dahlan No. 8-8A, Jl. Anden Oko, RT 015/RW 006,
Anyar, Tarakan Barat, Tarakan RT 001/RW 015, Sei Bangkong, Tanah Grogot, Tanah Grogot, Paser
Tel : 0551-35999 Pontianak Tel : 0542-321543
Fax : 0551-35600 Tel : 0561-732772 Fax : 0542-7213924
Fax : -
BERAU - PEMUDA BALIKPAPAN - HANDIL
Jl. Pemuda No. 11, RT 6/RW -, PONTIANAK 2 (CAR) – AHMAD Jl. M. Hatta Handil 4, RT 23,
Tanjung Redeb, Berau DAHLAN Muara Jawa Ulu, Muara Jawa,
Tel : 0811-5450654 Jl. KH. Ahmad Dahlan No. 8-8A, Kutai Kartanegara
Fax : - RT 001/RW 015, Sei Bangkong, Tel : 0541-692090
Pontianak Fax : 0541-692020
BANJARMASIN – AHMAD YANI Tel : 0561-732772
Jl. A. Yani KM 5,5, RT. 17/RW -, Fax : - TARAKAN - NUNUKAN
Pemurus Luar, Banjarmasin Timur Jl. Tien Soeharto, RT 13, Nunukan
Tel : 0511-3270579 SINGKAWANG – GM SITUT Timur, Nunukan, Nunukan
Fax : 0511-3274103 Jl. GM Situt No. 68 – 69, RT 04/RW Tel : 0556-2026318
02, Pasirian, Singkawang Barat, Fax : -
MARTAPURA – AHMAD YANI Singkawang
Jl. A. Yani KM 37 (Samping SPBU Tel : 0562-634311 TARAKAN - TANJUNG SELOR
Batas Kota Martapura) Fax : 0562-639789 Jl. Duren, RT 23/RW -, Tanjung Selor
Sungai Pering, Martapura Hilir Bulungan
Tel : 0511-4773008 SINTANG – MT HARYONO Tel : 0552-2026318
Fax : 0511-4782475 Jl. MT. Haryono No. 100, RT 11/RW 04, Fax : -
Kapuas kanan hulu, Sintang, Kapuas
PALANGKARAYA – LANGKAI Tel : 0565-22279 BANJARMASIN - KAPUAS
Jl. RTA. Milono, Km. 4,3, RT 04/ Fax : 0565-23034 Jl. Cilik Riwut No. 1, RT 19/RW -,
RW 13, Langkai, Pahandut, Kota Selat Dalam, Kuala Kapuas,
Palangkaraya KALIMANTAN REGION - Kapuas, Kalimantan Tengah
Tel : 0536-3223701 SHARIA BUSINESS UNIT Tel : 0513-24411
Fax : - BRANCH OFFICES Fax : -
SAMPIT – AHMAD YANI MARTAPURA – AHMAD YANI MARTAPURA - PELAIHARI
Jl. Ahmad Yani, No. 155A (Front Jl. A. Yani KM 37 (Samping SPBU Jl. H. Boeyasin, No. 2, RT 021/RW 006,
of SDN 6), Mentawa Baru Hulu), Batas Kota Martapura) Angsau, Pelaihari
Ketapang, Sampit Sungai Pering, Martapura Tel : 0512-23382
Tel : 0531-32187 Tel : 0511-4773008 Fax : 0512-21978
Fax : - Fax : 0511-4782475
PALANGKARAYA - KASONGAN
PANGKALAN BUN – PASANAH SAMARINDA – AHMAD YANI Jl. Kasongan Sampit KM 1,
Jl. Pasanah No. 04, RT. 23/RW -, Jl. A. Yani KM 3A-B, Samarinda, RT 06/RW 02, Kasongan Lama,
Madurejo, Arut Selatan, Pangkalan Sei/Sungai Pinang Dalam, Sungai Katingan Hilir, Kasongan
Bun Pinang, Samarinda Tel : -
Tel : 0532-2030367 Tel : 0541-742734 Fax : -
Fax : 0532-2030366 Fax : 0541-742689
SAMPIT - PARENGGEAN
BARABAI – MURAKARTA KALIMANTAN REGION - Jl. Kalikasa, RT 003/RW 001,
Jl. Murakata, RT 06/RW 11, Bukat, OFFICES OTHER THAN Parenggean, Sampit
Barabai - Hulu Sungai Tengah, BRANCHES Tel : 0531-2051590
Barabai Fax : -
Tel : 0517-43738 SAMARINDA – TENGGARONG
Fax : 0517-44422 Jl. Patin No. 80, RT 06, Timbau, SAMPIT - SEI BABI
Tenggarong, Kutai Kartanegara Jl. Jend. Sudirman, KM 86, RT 010/
TANJUNG – PHM NOOR Tel : 0541-6666080 RW 01, Sei Babi Telawang, Sampit
Jl. Ir. PHM Noor, RT 05/RW 02, Fax : - Tel : -
Mabu'un, Murung Pudak, Tabalong- Fax : -
Tanjung, South Kalimantan SAMARINDA - MELAK
Tel : 0526-2022994 Jl. K.H. Dewantara No. 28 (Next to LAMANDAU - PANGKALAN
Fax : 0526-202995 RM Dobby), Melak Ulu, Melak, BANTENG
Kutai West Jl. Batu Batanggui, RT 004/RW 000,
BATULICIN – KAMPUNG BARU Tel : 0545-41222 Nanga Bulik, Bulik, Lamandau
Jl. Transmigrasi, RT 012, Kampung Fax : - Tel : -
Baru, Simpang Empat, Tanah Fax : -
Bumbu, Batu Licin, South SAMARINDA - SANGATA
Kalimantan Karya Etam No.224 A, RT 12, Sangata, BARABAI - RANTAU
Tel : 0518-71535 Sangata North, Kutai East Jl. A. Yani RT 07/RW 02, Kupang,
Fax : - Tel : 08115814135 Tapin Utara
Fax : - Tel : 0517-31646
Fax : 0517-31610
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MUARA TEWEH KALIMANTAN REGION - KENDARI – AHMAD YANI
Jl. Nenas, RT 13/RW 04, Lanjas, OFFICES OTHER THAN SHARIA Jl. Ahmad Yani, No. 51A Wua Wua,
Teweh Tengah, Barito Utara BUSINESS UNIT BRANCH Kendari, Anaiwoi, Kadai, Kendari
Tel : 0519-22330 OFFICES Tel : 0401-396201
Fax : - Fax : 0401-396202
MARTAPURA – PELAIHARI
BATULICIN - KOTABARU Jl. H. Boeyasin, No. 2, RT 021/RW 006, BAU BAU – AGUS SALIM
Jl. H. Hasan Basri, No. 7,RT 13/ Angsau, Pelahari JL. KH Agus Salim, Wangkanapi,
RW -, Semayap, Pulau Laut Utara, Tel : 0512-23382 Wolio, Bau – Bau, Sulawesi Utara
Kotabaru Fax : 0512-21978 Tel : 0402-2821341
Tel : 0518-24269 Fax : -
Fax : 0518-23262 SULAWESI REGION -
BRANCH OFFICE PALU 2 (CAR) – SOEKARNO HATTA
BATU LICIN - SUNGAI DANAU Palu City Square,
Jl. Propinsi, RT 028/RW -, Sungai MAKASSAR 1 Jl. Soekarno Hatta, Talise,
Danau, Satui, Sungai Danau - Tanah Jl. A. P. Pettarini Kompleks Ruko Mantikulore, Palu, Sulawesi Pusat
Bumbu Delta Ramayana Jade 4-5, Masale, Tel : 0451-481249
Tel : 0512-61403 Panakukkang, Makassar Fax : 0451-481130
Fax : - Tel : 0411-421006
Fax : 0411-425109 POSO - KOTA
PONTIANAK - SUNGAI PINYUH Jl. Pulau Bali, No. 4, Gebang Rejo,
Jl. Seliung Blok A No. 8 (Samping MAKASSAR 2 - PERINTIS Poso Kota Poso
Dealer Honda Panca Motor), Sungai Komp. Tamalanrea, Tel : 0452 - 324748
Pinyuh, Pontianak Jl. Printis Kemerdekaan RT 002/RW Fax : 0452 - 324750
Tel : 0561-654482 002, Tamalanrea Indah, Tamalanrea,
Fax : - Kota Makassar LUWUK – BANGGAI MAAHAS
Tel : 0411831054 Jl. Urip Sumoharjo, Jole, Luwuk,
PONTIANAK - RASAU JAYA Fax : 0411831056 Banggai
Jl. Jend, Sudirman, RT 32/RW 08, Tel : 0461-23912
Dusun IV, Purwodadi Rasau Jaya I, MAKASSAR 3 - GOWA Fax : 0461-23914
Rasau jaya Kubu Raya Jl. Sultan Hassanudin, Pandang
Tel : 0561-573804 – pandang, Samba Opu, Gowa, MANADO – AHMAD YANI
Fax : - Sungguminasa JL. A Yani No 10 D-E, Sario, Manado,
Tel : 0411 - 831054 Sulawesi Utara
PONTIANAK - KETAPANG Fax : 0411 - 831056 Tel : 0431-8880443
Jl. DI Panjaitan No. 04, RT 037/RW Fax : 0431-8880446
08, Sampit, Delta Pawan, Ketapang MAKASSAR 4 (CAR) - PERINTIS
Tel : - Komp. Tamalanrea, Jl. Printis KOTAMOBAGU – SUPRAPTO
Fax : - Kemerdekaan RT 002/RW 002, Pasar 23 Maret,
Tamalanrea Indah, Tamalanrea, Kota Jl. Suprapto, Gogagoman,
SINGKAWANG - SAMBAS Makassar Kotamobagu
Jl. Terigas (Samping PLN Sambas), Tel : 0411831054 Tel : 0434-22813
Saing Rambi, Sambas Fax : 0411831056 Fax : -
Tel : 0562-393209
Fax : 0562-393207 BONE - MT HARYONO GORONTALO – NANI WARTABONE
Jl. MT. Haryono, No. 1 (Next to BFI Jl. Hj. Nani Wartabone, No. 166, RT
SINTANG - NANGAPINOH Finance), Bulu Tempe, Tanette 003/RW 002 Limbau U1, Gorontalo
Jl. Juang KM 1, No.8 (Front of Klinik Rianttang Barat Selatan
Bunda jaya), Paal 8, Nangapinoh, Tel : 0481 – 23335 Tel : 0435-824560
Melawi Fax : - Fax : 0435-824965
Tel : 0568-21406
Fax : 0568-21976 BULUKUMBA – AHMAD YANI MAMUJU - URIP SUMOHARJO
Jl. A. Yani, No.38, Caile, Ujung Bulu, Jl. Urip Sumoharjo, No. 78 (Front
SINTANG – SEKADAU Bulukumba of BRI Branch Office), Karema,
Jl. Merdeka East RT 013/RW 003, Tel : 0413-2510035 Mamuju, Sulawesi Barat
Mungguk, Sekadau Hilir, Sekadau Fax : 0413-2510037 Tel : 0811-4600931
Tel : - Fax : -
Fax : - PALOPO - KELAPA
Jl. Kelapa, No. 47 RT 001/RW 008, AMBON – SETIA BUDI
SINTANG - SANGAU Legaligo Jl. Setia Budi, No. 26,
Jl. Jend Sudirman, RT 013/RW 005, Wara, Palopo Ahusen, Sirimau, Kota Ambon,
Bunut, Kapuas, Sangau Tel : 0471-22554 Maluku Tengah
Tel : - Fax : 0471-23866 Tel : 0911- 344641
Fax : - Fax : 0911-344639
PARE-PARE 2 (CAR) – BAU
MASSEPE TERNATE - BASTIONG
Jl. Veteran, Mallusetasi, Ujung, Jl. Bastiong, No.127 RT 005/RW
Pare Pare 003, Bastiong Talangame, Ternate
Tel : 0421-3312500 Selatan
Fax : 0421-25599 Tel : 0921-3125128
Fax : -
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Highlights Report Profile Discussion Governance and Social Data
and Analysis Responsibility
JAYAPURA - ENTROP MAMUJU – URIP SUMOHARJO PALOPO - TORAJA
Jl. Raya Abepura HM 2610 RT 005/ Jl. Urip Sumoharjo, No. 78, Karema, Jl. Pongtiku, RT 01/RW 03,
RW 004, Entrop Jayapura Selatan Mamuju Sulawesi Barat Tambunan, Mendetek, North
Tel : 0967 – 522911 Tel : 0811-4600931 Makale, Toraja
Fax : - Fax : - Tel : 0423-24410
Fax : -
SORONG – BASUKI RAHMAT TERNATE - BASTIONG
Jl. Basuki Rahmat, KM 8, Klasaman, Jl. Raya Bastiong No 127, RT 005/RW PALOPO - MASAMBA
Sorong, Sorong Timur, Papua Barat 003, Bastiong Talagame, Ternate Jl. Muh. Hatta, Baliase Masamba,
Tel : 0951 – 327584 Selatan, Ternate North Luwu
Fax : 0951 – 328993 Tel : 0921-3125128 Tel : 0473-22106
Fax : - Fax : -
WILAYAH SULAWESI - SHARIA
BUSINESS UNIT BRANCH WILAYAH SULAWESI - OFFICES PALOPO-MALILI
OFFICE OTHER THAN BRANCH Jl. Soekarno Hatta No. 3 Komp. Ruko
OFFICES Cempaka Mas Blok A No. 19-20,
MAKASSAR 1 - AP. PETTARANI Puncak Indah, Malili, North Luwu
Jl. A. P. Pettarini, Kompleks Ruko MAKASSAR - PANGKEP Tel : -
Delta Ramayana Jade 4-5, Masale Ruko Abadi, Fax : -
Panakukkang, Makassar Jl. Kemakmuran,
Tel : 0411-421006 No. 14 Poros Makassar Pare, PARE – PARE - SIDRAP
Fax : 0411 425109 Mappasaile, Pangkajene, Pangkep Jl. Sultan Hasanudin, Wala,
Tel : 0410-323671 Maritenggae, Sidrap
MAKASSAR 4 (CAR) – PERINTIS Fax : 0410-323674 Tel : -
Komp. Tamalanrea, Fax : -
Jl. Printis Kemerdekaan, RT 002/ MAKASSAR DRB
RW 002, Tamalanrea Indah, Jl. Toddopuli Raya Komplek Villa PARE – PARE - PINRANG
Tamalanrea, Kota Makassar Surya Mas Blok A2, No. 23 - 24, Jl. Jend. Sudirman No.221 A, RT 001/
Tel : 0411831054 Makassar RW 002, Maccorawalie, Watang
Fax : 0411831056 Tel : 0411-4663786 Sawitto, Pinrang
Fax : 0411-4663779 Tel : 0421-921069
GORONTALO – NANI WARTABONE Fax : -
Jl. Hj. Nani Wartabone, No. 166, MAKASSAR 3 - TAKALAR
RT 003/RW 002, Limbau U1, Jl. Jend. Sudirman (Adjacent KENDARI - KOLAKA
Kota Selatan Gorontalo to Kalampa Samsat Office), Jl. Dr Sutomo, Lamokatto, Kolaka
Tel : 0435-824560 Kallabirang, Pattallassang, Takalar Tel : 0405-21255
Fax : 0435-824965 Tel : 0411 8323552 Fax : 0405-23910
Fax : 0411 8323551
BONE - MT HARYONO KENDARI - KONAWE
Jl. MT. Haryono, No. 1, Bulu Tempe, MAKASSAR 3 - JENEPONTO Jl. Ir Soekarno No.614, RT 001/RW
Tanette Rianttang Barat Lanto Dg Pasewang No.113, 001, Tumpas, Unaaha, Konawe
Tel : 0481 - 23335 Balang Toa, Binamu, Jeneponto, Tel : -
Fax : - Sulawesi Selatan Fax : -
Tel : 0411 842228
PALOPO - KELAPA Fax : - KENDARI - KONAWE SELATAN
Jl. Kelapa, No. 47 RT 001/RW 008, Jl. Desa Anduna, Anduna, Laeya,
Legaligo, Wara, Palopo BONE WAJO - PANGGARU South Konawe
Tel : 0471-22554 Jl. A. Panggaru, No. 16, Teddopu, Tel : -
Fax : 0471-23866 Tempe, Sengkang Wajo, Fax : -
South Sulawesi
PARE - PARE 2 (CAR) – BAU Tel : 0485-22662 BAUBAU - RAHA
MASSEPE Fax : 0485-22663 Pertokoan Laino, Jl.Lumba-
Jl. Veteran (Front of Hotel Bumi lumba, RT 002/RW 003, Laiworu,
Indah), Mallusetasi, Ujung, Pare Pare BULUKUMBA – SINJAI Batalaiworu, Muna
Tel : 0421-3312500 Jl. AP. Pettarani, Balangnipa, Sinjai Tel : -
Fax : 0421-25599 North, Sinjai, South Sulawesi Fax : -
Tel : -
KENDARI – AHMAD YANI Fax : - MAMUJU – POLMAS
Jl. Ahmad Yani, No. 51A Wua Wua, Jl. Jend. Sudirman No.21, Sidodadi,
Kendari, Anaiwoi, Kadia Kendari BULUKUMBA - BANTAENG Wonomulyo, Poelwali Mandar
Tel : 0401-396201 Jl. Dr. Sam Ratulangi Letta, Tel : -
Fax : 0401-396202 Bantaeng, South Sulawesi Fax : -
Tel : 0413-22073
PALU 2 (CAR) – SOEKARNO HATTA Fax : - MAMUJU - TOPOYO
Palu City Square, Jl. Poros Mamuju Topoyo,
Jl. Soekarno Hatta, Talise PALOPO - MANGKUTANAH Topoyo Mamuju
Mantikulore, Palu, Central Sulawesi Jl. Trans Sulawesi Dusun Kaya’a Tel : -
Tel : 0451-481249 (Front of Lapangan Bayondo), Fax : -
Fax : 0451-481130 Beringin Jaya Tomoni, East Luwu
Tel : 0473-25080
Fax : -
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MAMUJU - MAJENE MANADO - MANADO DRB SULAWESI REGION - OFFICES
Jl. Poros Trans Sulawesi (Jl. Sultan Kawasan Ruko Mega Mas Blok 2F, OTHER THAN SHARIA
Hasanuddin, No. 25, Banggae No. 44, Jl. Piere Tendean, South BUSINESS UNIT BRANCH
Majene), Banggae Timur, Majena Titiwungan, Sario, Manado OFFICES
Tel : 0422-21381 Tel : 0431-8881582
Fax : 0422-21381 Fax : 0431-8881580 MAKASSAR – PANGKEP
Ruko Abadi, Jl. Kemakmuran, No.14,
MANADO – TOMOHON Poros, Makassar Pare
PALU - PARIGI Jl. Raya Tomohon Tandano, Matani 1, Tel : -
Jl. Trans Sulawesi, Masigi, Parigi, Tomohon Pusat, Tomohon Fax : -
Parigi Moutong Tel : 0431-352357
Tel : 0450-21444 Fax : - BONE WAJO - PANGGARU
Fax : 0450-22376 Jl. A. Panggaru, No. 16, Teddopu,
GORONTALO - MARISA Tempe, Sengkang Wajo,
PALU - BUOL Jl. Blok Plan, Marisa, Pohuwato, Sulawesi Selatan
Jl. MT Haryono, Buol, Biau, Buol Gorontalo Tel : 0485-22662
Tel : - Tel : 0443-210262 Fax : 0485-22663
Fax : - Fax : -
PALOPO - TORAJA
PALU - TOLI TOLI AMBON - MASOHI Jl. Pongtiku, RT 01/RW 03,
Jl. Usman Binol, RT 001/RW 001, Jl. Pulau Seram, Namaelo, Masohi, Tambunan, Mendetek,
Baru, Baolan, Toli Toli Maluku Utara. Makale Utara, Toraja
Tel : 0453-24131 Tel : 0914- 21854 Tel : 0423-24410
Fax : 0453-24129 Fax : Fax : -
PALU - PASANGKAYU TERNATE - SOFIFI PALOPO - MASAMBA
Jl. Ir Soekarno - Trans Sulawesi, Jl. 40 Barumadoe, Balbar, Oba Utara, Jl. Muh. Hatta, Baliase Masamba,
Pasangkayu, Mamuju Utara Tidore Kepulauan Luwu Utara
Tel : - Tel : - Tel : 0473-22106
Fax : - Fax : - Fax : -
POSO - BUNGKU TERNATE - TOBELO KENDARI - KOLAKA
Jl. Trans Sulawesi, Ipi Bungku Jl. Trans Halmahera, Desa Mahia, Jl. Dr Sutomo, Lamokatto, Kolaka
Tengah, Morowali Wosia, Tobelo Tengah, Halmahera Tel : 0405-21255
Tel : - Utara Fax : 0405-23910
Fax : - Tel : -
Fax : - KENDARI - KONAWE
POSO - BETELEME Jl. Ir Soekarno No.614, RT 001/RW
Jl. Tadulako, Desa Beteleme, Lembo, JAYAPURA - TIMIKA 001, Tumpas, Unaaha, Konawe
Morowali Utara Jl. Hasanuddin, No.9, Nawaripi, Tel : -
Tel : - Inauga, Mimika Baru, Papua Barat Fax : -
Fax : - Tel : -
Fax : - KENDARI - KONAWE SELATAN
POSO - AMPANA Jl. Desa Anduna, Anduna, Laeya,
Jl. Moh Hatta, Uentanaga Bawah, JAYAPURA – MERAUKE Konawe Selatan
Ratolindo, Tajo Una - Una Jl. Brawijaya RT 008/RW 002, Tel : -
Tel : 0464-22303 Mandala, Merauke Fax : -
Fax: - Tel : -
Fax : - GORONTALO - MARISA
LUWUK - TOILI Jl. Blok Plan, Marisa, Pohuwato,
Jl. Trans Toili Sulawesi, SORONG – MANOKWARI Gorontalo
Desa Singkoyo, Toili, Banggai Jl. Trikora Wosi Manokwari Barat, Tel : 0443-210262
Tel : - RT 02/RW 14, Sanggeng, Manokwari Fax : -
Fax : - Barat
Tel : - MAMUJU – POLMAS
LUWUK - SALAKAN Fax : - Jl. Jend. Sudirman No.21, Sidodadi,
Jl. Bhayangkara, RT 03/Dusun Wonomulyo, Poelwali Mandar
5, Baka, Tinangkung, Banggai Tel : -
Kepulauan Fax : -
Tel : -
Fax : - MAMUJU - TOPOYO
Jl. Poros Mamuju
MANADO - BITUNG Topoyo, Topoyo
Jl. Raya Manado Bitung, Manembo – Mamuju
Nembo, Matuari, Bitung Tel : -
Tel : 0438-35977 Fax : -
Fax : -
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and Analysis Responsibility
MAMUJU - MAJENE KUPANG – OEBA KUPANG – SOE
Jl. Poros Trans Sulawesi (Jl. Sultan Komp. Oeba, Jl. Irian Jaya No. 1A Jl. Gajah Mada (Font of SMK 2 Soe)
Hasanuddin, No. 25, Banggae Blok D, Fatubesi, Kotalama RT 11/RW 06, Karangsiri, Kota Soe,
Majene), Banggae Timur, Majena Tel : 0380-828822 Timor Tengah Selatan
Tel : 0422-21381 Fax : 0380-824422 Tel : 0388 – 22466
Fax : 0422-21381 Fax : -
SUMBAWA - SEKETENG
TERNATE - SOFIFI Komp. Pertokoan, Jl. Udang 8 C - D, SUMBAWA – BIMA
Jl. 40 Barumadoe, Balbar, Oba Utara, RT 02/RW 02, Seketeng, Sumbawa Jl. Hasanuddin, No. 9B, Nae, Rasa
Tidore Kepulauan Tel : 371625550 Nae, Bima, West Nusa Tenggara
Tel : - Fax : 0371-325324 Tel : 0374-646087
Fax : - Fax : 0374-646905
MAUMERE - SIKKA
TERNATE - TOBELO Jl. Anggrek No. 18, Maumere, MAUMERE – ENDE
Jl. Trans Halmahera, Desa Mahia, Sikka, Flores Jl. Kelimutu, No. 093, Central Ende,
Wosia, Tobelo Tengah, Halmahera Tel : 0382-22187 Ende, Flores
Utara Fax : 038222524 Tel : 0381-22018
Tel : - Fax : 0381-22353
Fax : - BALI & NUSA TENGGARA
REGION - SHARIA BUSINESS MAUMERE – RUTENG
BALI & NUSA TENGGARA UNIT BRANCH OFFICES Jl. Yos Sudarso, RT 005/RW 003,
REGION - Mbaumaku, Langke Rembong,
BRANCH OFFICE MATARAM – PEJANGGIK Nusa Tenggara
Jl. Pejanggik No. 65 A-B, Cakra Barat, Tel : -
DENPASAR – DEWATA SQUARE Cakranegara Mataram Fax : -
Komp. Dewata Square, Jl. Letda Tel : 0370-673195
Tantular, No. 1 Blok A 17-20, Dangin Fax : 0370-673139 MAUMERE - LABUAN BAJO
Puri Klod, Denpasar Timur Jl. Frans Nala, RT 007/RW 002, Batu
Tel : 0361-231510 SELONG – PANCOR Cermin, Komodo, Labuan Bajo,
Fax : 0361-256159 Jl. TGKH. Zainuddin Abdul Majid East Nusa Tenggara
No. 46, Pancor, Selong Tel : -
TABANAN – IR SOEKARNO Tel : 0376-21100 Fax : -
Jl. Ir. Soekarno BR, Tegal Belodan, Fax : 0376-21400
Daun Peken, Tabanan KUPANG - ATAMBUA
Tel : 0365-43276 WILAYAH BALI & NUSA Jl. Imam Bonjol No. 3, RT 015/
Fax : - TENGGARA – OFFICES OTHER RW 005, Atambua, Kota Atambua,
THAN BRANCH OFFICES Belu
GIANYAR – DARMA GIRI Tel : -
By pass Darma Giri, DENPASAR - NUSA DUA Fax : -
Gianyar, Bali Jl. By Pass Ngurah Rai 168, Tuban,
Tel : 0361-955383 Kuta, Badung SUMBAWA - TALIWANG
Fax : 0361-955386 Tel : 0811-3861703 Jl. Lingk. Kota Baru B, RT 002/RW
Fax : - 006, Dalam, Taliwang, Sumbawa
SINGARAJA – GAJAH MADA Barat
Jl. Gajah Mada, No. 112, Singaraja, TABANAN – NEGARA Tel : -
Banjar Jawa, Buleleng, Bali Jl. Ngurah Rai No. 70, Jembrana, Fax : -
Tel : 0362-29050 Negara, Bali
Fax : 0362-29232 Tel : 0361-8941670 BALI & NUSA TENGGARA
Fax : - REGION - OFFICES OTHER
DENPASAR (CAR) – GATOT THAN SHARIA BUSINESS UNIT
SUBROTO GIANYAR - KARANG ASEM BRANCH OFFICES
Jl. Gatot Subroto West, No. 101 X, Jl. Jend. Sudirman (Near Dealer
Ubung, North Denpasar Suzuki Sudirman), Subagan, LOMBOK – PRAYA
Tel : 0361-428811 Karangasem Jl. Jend. Sudirman, No. 60,
Fax : 0361-421132 Tel : 0363-23557 Komp. Pertokoan Praya Praya,
Fax : 0363-22300 Central Lombok
MATARAM – PENJANGGIK Tel : 0370 – 654906
Jl. Pejanggik, No. 65 A-B, Cakra LOMBOK – PRAYA Fax : -
West, Cakranegara Mataram Jl. Jend. Sudirman, No. 60,
Tel : 0370-673195 Komp. Pertokoan Praya Praya,
Fax : 0370-673139 Lombok Tengah
Tel : 0370 – 654906
SELONG - PANCOR Fax : -
Jl. TGKH. Zainuddin Abdul Majid,
No. 46, Pancor, Selong
Tel : 0376-21100
Fax : 0376-21400
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07 FINANCIAL STATEMENTS
Page 499
Page 500
PT ADIRA DINAMIKA MULTI FINANCE Tbk
Laporan keuangan/
Financial statements
Pada tanggal 31 Desember 2023 dan 2022/
As of 31 December 2023 and 2022
Untuk tahun-tahun yang berakhir pada tanggal tersebut
Beserta laporan auditor independen/
For the years then ended
With independent auditor’s report
* Tidak diaudit *Un
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Performance Management Corporate Management Corporate Environmental Supporting
PT ADIRA DINAMIKA MULTI
Highlights FINANCE
Opening
Report Tbk
Profile Discussion Governance and Social Data
and Analysis Responsibility
LAPORAN KEUANGAN FINANCIAL STATEMENTS
PADA TANGGAL 31 DESEMBER 2023 DAN 2022 AS OF 31 DECEMBER 2023 AND 2022
UNTUK TAHUN-TAHUN YANG BERAKHIR PADA FOR THE YEARS THEN ENDED
TANGGAL TERSEBUT BESERTA LAPORAN AUDITOR WITH INDEPENDENT AUDITOR’S REPORT
INDEPENDEN
Halaman/
Isi Page Contents
Surat Pernyataan Direksi Directors’ Statement
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Statement of Financial Position
31 Desember 2023 dan 2022……..……………. 1-2 .................... As of 31 December 2023 and 2022
Laporan Laba Rugi dan Statement of Profit or Loss and
Penghasilan Komprehensif Lain Other Comprehensive Income
Untuk Tahun-Tahun Yang Berakhir For The Years Ended
31 Desember 2023 dan 2022........................... 3 …………….…...... 31 December 2023 and 2022
Laporan Perubahan Ekuitas Statement of Changes In Equity
Untuk Tahun-Tahun Yang Berakhir For The Years Ended
31 Desember 2023 dan 2022…….................... 4-5 ............................ 31 December 2023 and 2022
Laporan Arus Kas Statement of Cash Flows
Untuk Tahun-Tahun Yang Berakhir For The Years Ended
31 Desember 2023 dan 2022……..….............. 6 ............................ 31 December 2023 and 2022
Catatan Atas Laporan Keuangan Notes to The Financial Statements
Untuk Tahun-Tahun Yang Berakhir For The Years Ended
31 Desember 2023 dan 2022……..….............. 7 - 140 ............................ 31 December 2023 and 2022
Informasi Keuangan Tambahan - Rasio-rasio Supplementary Financial Information - Financial
Keuangan Otoritas Jasa Keuangan Ratios of Financial Services Authority
(Tidak Diaudit) (Unaudited)
31 Desember 2023 dan 2022........................... 141 .............................31 December 2023 and 2022
naudited * Tidak diaudit *Unaudited
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Imelda & Rekan
Supporting
Performance
Highlights
Opening Management
Report
Corporate
Profile Registered
Management
Discussion PublicEnvironmental
Corporate
Governance Accountants
and Social Data
and Analysis Responsibility
License No. 308/KM.1/2019
The Plaza Office Tower 32nd Floor
Jl. M.H. Thamrin Kav 28-30
Jakarta 10350
Indonesia
Tel: +62 21 5081 8000
Fax: +62 21 2992 8200, 2992 8300
Email: iddttl@deloitte.com
www.deloitte.com/id
Laporan Auditor Independen Independent Auditor’s Report
No. 00011/2.1265/AU.1/09/0849-2/1/II/2024 No. 00011/2.1265/AU.1/09/0849-2/1/II/2024
Pemegang Saham, Dewan Komisaris dan Direksi To the Shareholders, Boards of Commissioners and
Directors
PT Adira Dinamika Multi Finance Tbk PT Adira Dinamika Multi Finance Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the financial statements of
PT Adira Dinamika Multi Finance Tbk (“Perseroan”), PT Adira Dinamika Multi Finance Tbk (the
yang terdiri dari laporan posisi keuangan tanggal “Company”), which comprise the statement of
31 Desember 2023, serta laporan laba rugi dan financial position as at December 31, 2023, and the
penghasilan komprehensif lain, laporan perubahan statement of profit or loss and other comprehensive
ekuitas, dan laporan arus kas untuk tahun yang income, statement of changes in equity and
berakhir pada tanggal tersebut, serta catatan atas statement of cash flows for the year then ended, and
laporan keuangan, termasuk informasi kebijakan notes to the financial statements, including material
akuntansi material. accounting policy information.
Menurut opini kami, laporan keuangan terlampir In our opinion, the accompanying financial
menyajikan secara wajar, dalam semua hal yang statements present fairly, in all material respects, the
material, posisi keuangan Perseroan tanggal financial position of the Company as at December 31,
31 Desember 2023, serta kinerja keuangan dan arus 2023, and its financial performance and its cash flows
kas untuk tahun yang berakhir pada tanggal tersebut, for the year then ended in accordance with
sesuai dengan Standar Akuntansi Keuangan di Indonesian Financial Accounting Standards.
Indonesia.
Imelda & Rekan
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the
“Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent
entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and
omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities,
each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing,
Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.
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Imelda & Rekan
Basis Opini Basis for Opinion
Kami melaksanakan audit kami berdasarkan Standar We conducted our audit in accordance with
Audit yang ditetapkan oleh Institut Akuntan Publik Standards on Auditing established by the Indonesian
Indonesia. Tanggung jawab kami menurut standar Institute of Certified Public Accountants. Our
tersebut diuraikan lebih lanjut dalam paragraf responsibilities under those standards are further
Tanggung Jawab Auditor terhadap Audit atas Laporan described in the Auditor’s Responsibilities for the
Keuangan pada laporan kami. Kami independen Audit of the Financial Statements paragraph of our
terhadap Perseroan berdasarkan ketentuan etika report. We are independent of the Company in
yang relevan dalam audit kami atas laporan keuangan accordance with the ethical requirements that are
di Indonesia, dan kami telah memenuhi tanggung relevant to our audit of the financial statements in
jawab etika lainnya berdasarkan ketentuan tersebut. Indonesia, and we have fulfilled our other ethical
Kami yakin bahwa bukti audit yang telah kami peroleh responsibilities in accordance with these
adalah cukup dan tepat untuk menyediakan suatu requirements. We believe that the audit evidence we
basis bagi opini audit kami. have obtained is sufficient and appropriate to provide
a basis for our opinion.
Hal Audit Utama Key Audit Matters
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal yang professional judgment, were of most significance in
paling signifikan dalam audit kami atas laporan our audit of the financial statements of the current
keuangan periode kini. Hal-hal tersebut disampaikan period. These matters were addressed in the context
dalam konteks audit kami atas laporan keuangan of our audit of the financial statements as a whole,
secara keseluruhan, dan dalam merumuskan opini and in forming our opinion thereon, and we do not
kami atas laporan keuangan terkait, kami tidak provide a separate opinion on these matters.
menyatakan suatu opini terpisah atas hal audit utama
tersebut.
Berikut adalah uraian atas hal audit utama yang kami The following is the key audit matter that we
identifikasi dalam audit kami. identified in our audit.
Cadangan kerugian penurunan nilai atas piutang Allowance for impairment losses on consumer
pembiayaan konsumen dan piutang sewa financing receivables and finance lease receivables
pembiayaan
Mengacu pada Catatan 2h Kebijakan Akuntansi yang Refer to Note 2h Significant Accounting Policies -
Signifikan – Cadangan Kerugian Penurunan Nilai; Allowance for Impairment Losses; Note 3a Use of
Catatan 3a Penggunaan Estimasi dan Pertimbangan – Estimates and Judgments - Key Sources of Estimation
Sumber Utama Ketidakpastian Estimasi: Cadangan Uncertainty: Allowance for Impairment Losses on
Kerugian Penurunan Nilai Aset Keuangan; Catatan 5 Financial Assets; Note 5 Consumer Financing
Piutang Pembiayaan Konsumen; Catatan 7 Piutang Receivables; Note 7 Finance Lease Receivables; and
Sewa Pembiayaan; dan Catatan 37 Manajemen Risiko Note 37 Financial Risk Management – Credit Risk.
Keuangan – Risiko Kredit.
Pada tanggal 31 Desember 2023, Perseroan As at December 31, 2023, the Company recorded
mencatat piutang pembiayaan konsumen dan consumer financing receivables and finance lease
piutang sewa pembiayaan masing-masing sebesar receivables of Rp 21,951,219 million and
Rp 21.951.219 juta dan Rp 1.505.070 juta, dan Rp 1,505,070 million, respectively, and the allowance
cadangan kerugian penurunan nilai atas piutang for impairment losses against these consumer
pembiayaan konsumen dan piutang sewa financing receivables and finance lease receivables
pembiayaan tersebut masing-masing sebesar amounts to Rp 1,270,590 million and Rp 60,770
Rp 1.270.590 juta dan Rp 60.770 juta. Perseroan million, respectively. The Company applies PSAK 71
menerapkan persyaratan PSAK 71 Instrumen Financial Instruments requirements to calculate the
Keuangan untuk menghitung kerugian kredit expected credit losses (“ECL”) for consumer financing
ekspektasian (“KKE”) untuk piutang pembiayaan receivables and finance lease receivables.
konsumen dan piutang sewa pembiayaan.
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Imelda & Rekan Performance
Highlights
Opening Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
Dalam menentukan KKE, Perseroan menggunakan In determining the ECL, the Company utilizes
metodologi permodelan yang bergantung kepada modelling methodologies which are reliant on
data internal and eksternal serta sejumlah estimasi. internal and external data as well as a number of
Kami fokus pada area ini karena signifikansi nilai estimates. We focused on this area due to the
tercatat atas piutang pembiayaan konsumen dan significance of the carrying value of consumer
piutang sewa pembiayaan, yang mewakili 71% dari financing receivables and finance lease receivables,
jumlah aset Perseroan pada tanggal 31 Desember which represented 71% of the total assets of the
2023 dan saldo KKE terkait yang dibentuk, khususnya Company as at December 31, 2023 and the related
pertimbangan subjektif yang digunakan oleh ECL provided, specifically the subjective judgments
manajemen dalam menentukan kebutuhan untuk, used by management in determining the necessity
dan mengestimasi besaran dari, KKE terhadap piutang for, and estimating the size of, ECL against these
pembiayaan konsumen dan piutang sewa pembiayaan consumer financing receivables and finance lease
ini. Hal ini meliputi: receivables. These includes:
• ekspektasi faktor dan skenario ekonomi makro • expectations of forward-looking macroeconomic
masa depan; dan factors and scenarios; and
• asumsi-asumsi model. • the model assumptions.
Mengingat faktor-faktor tersebut, kami In view of these factors, we identified this as a key
mengidentifikasi ini sebagai hal audit utama. audit matter.
Bagaimana audit kami merespon hal audit utama How our audit addressed the key audit matters
Kami memeroleh pemahaman tentang pengendalian We obtained an understanding of the controls
yang relevan terhadap audit kami dan menilai desain relevant to our audit and assessed the design and
dan implementasi dari pengendalian tersebut serta implementation of the controls and evaluated the
mengevaluasi efektivitas operasi dari pengendalian operating effectiveness of such relevant controls
yang relevan terhadap KKE atas piutang pembiayaan over the ECL for consumer financing receivables and
konsumen dan piutang sewa pembiayaan. Hal ini finance lease receivables. These include:
meliputi:
• Identifikasi peningkatan risiko kredit yang • Identification of Significant Increase in Credit
signifikan (“SICR”), gagal bayar atau eksposur Risk (“SICR”), default or credit impaired
penurunan kredit; exposures;
• Peninjauan dan persetujuan atas informasi masa • Review and approval of forward-looking
depan yang digunakan dalam model KKE; information used in the ECL models;
• Keandalan dan keakurasian atas elemen data • Reliability and accuracy of critical data elements
utama dalam model KKE; in the ECL models;
• Peninjauan dan persetujuan atas hasil KKE; • Review and approval of the ECL results;
• Pengujian (back-testing) kerugian aktual terhadap • Back-testing of actual losses against predicted
kerugian yang diprediksi (jumlah KKE); dan losses (ECL amount); and
• Pengendalian umum dari teknologi informasi (TI) • General IT controls over the ECL system, by
atas sistem KKE, dengan melibatkan spesialis TI involving our IT specialist.
kami.
Kami mengadakan diskusi dengan Komite Audit yang We held discussions with the Audit Committee
mencakup tata kelola dan pengendalian atas KKE, covering governance and controls over ECL,
termasuk pertimbangan dan asumsi manajemen yang including management’s judgments and
terlibat dalam model KKE, validasi dan pemantauan assumptions involved in the ECL model, model
model, serta beberapa skenario. validation and monitoring, as well as multiple
scenarios.
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Kami melibatkan spesialis internal kami untuk We involved our internal specialists to assist us in
membantu kami melakukan prosedur secara sampel: performing the following procedures on a sampling
basis:
• Mengevaluasi kesesuaian penilaian kriteria SICR • Evaluated the appropriateness of the
dan tata kelola model; Company’s assessment of its SICR criteria and
model governance;
• Menguji pendekatan Perseroan dalam pemilihan • Challenged the Company’s approach for the
skenario ekonomi untuk menilai kewajaran selection of economic scenario to assess the
skenario ekonomi yang diterapkan oleh reasonableness of the economic scenarios
Perseroan; applied by the Company;
• Menilai kewajaran pertimbangan dan asumsi • Assessed the reasonableness of key judgments
utama yang dibuat oleh manajemen dalam model and assumptions made by management in the
probabilities of default (PD) dan loss given default probabilities of default (PD) and loss given
(LGD) dan parameter; default (LGD) models and parameters;
• Menilai asumsi utama yang digunakan • Assessed the key assumptions used in the post
manajemen dalam melakukan penyesuaian di model adjustment which were applied to
luar model yang diterapkan untuk menanggapi respond to risks not fully accommodated by the
risiko yang tidak sepenuhnya diakomodasi oleh models; and
model; dan
• Melakukan validasi secara independen atas • Independent validation of the ECL models and
model-model KKE dan peninjauan hasil validasi review of model validation results by
model oleh manajemen. management.
Kami juga melakukan pengujian substantif secara We also performed substantive testing on a sampling
sampel: basis:
• Mengevaluasi masukan dan asumsi relevan yang • Evaluated relevant inputs and assumptions used
digunakan oleh Perseroan dalam model KKE; dan by the Company in the ECL models; and
• Menghitung ulang KKE secara independen untuk • Independently recalculated the ECL for the
seluruh portofolio. whole portfolio.
Kami telah menilai ketepatan atas pengungkapan We have assessed the appropriateness of the related
terkait yang dibuat dalam laporan keuangan. disclosures made in the financial statements.
Informasi Lain Other Information
Manajemen bertanggung jawab atas informasi lain. Management is responsible for the other
Informasi lain terdiri dari informasi yang tercantum information. The other information comprises the
dalam laporan tahunan, tetapi tidak mencantumkan information included in the annual report, but does
laporan keuangan dan laporan auditor kami. Laporan not include the financial statements and our
tahunan diharapkan akan tersedia bagi kami setelah auditor’s report thereon. The annual report is
tanggal laporan auditor ini. expected to be made available to us after the date of
this auditor’s report.
Opini kami atas laporan keuangan tidak mencakup Our opinion on the financial statements does not
informasi lain, dan oleh karena itu, kami tidak akan cover the other information and we will not express
menyatakan bentuk keyakinan apapun atas informasi any form of assurance conclusion thereon.
lain tersebut.
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Imelda & Rekan Performance
Highlights
Opening Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
Sehubungan dengan audit kami atas laporan In connection with our audit of the financial
keuangan, tanggung jawab kami adalah untuk statements, our responsibility is to read the other
membaca informasi lain yang teridentifikasi di atas, information identified above when it becomes
jika tersedia dan, dalam melaksanakannya, available and, in doing so, consider whether the
mempertimbangkan apakah informasi lain other information is materially inconsistent with the
mengandung ketidakkonsistensian material dengan financial statements or our knowledge obtained in
laporan keuangan atau pemahaman yang kami the audit, or otherwise appears to be materially
peroleh selama audit, atau mengandung kesalahan misstated.
penyajian material.
Ketika kami membaca laporan tahunan, jika kami When we read the annual report, if we conclude that
menyimpulkan bahwa terdapat suatu kesalahan there is a material misstatement therein, we are
penyajian material di dalamnya, kami diharuskan required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada pihak charged with governance and take appropriate
yang bertanggung jawab atas tata kelola dan actions in accordance with Standards on Auditing
mengambil tindakan yang tepat sesuai dengan established by the Indonesian Institute of Certified
Standar Audit yang ditetapkan oleh Institut Akuntan Public Accountants.
Publik Indonesia.
Tanggung Jawab Manajemen dan Pihak yang Responsibilities of Management and Those Charged
Bertanggung Jawab atas Tata Kelola terhadap Laporan with Governance for the Financial Statement s
Keuangan
Manajemen bertanggung jawab atas penyusunan dan Management is responsible for the preparation and
penyajian wajar laporan keuangan tersebut sesuai fair presentation of the financial statements in
dengan Standar Akuntansi Keuangan di Indonesia, dan accordance with Indonesian Financial Accounting
atas pengendalian internal yang dianggap perlu oleh Standards, and for such internal control as
manajemen untuk memungkinkan penyusunan management determines is necessary to enable the
laporan keuangan yang bebas dari kesalahan preparation of financial statements that are free
penyajian material, baik yang disebabkan oleh from material misstatement, whether due to fraud
kecurangan maupun kesalahan. or error.
Dalam penyusunan laporan keuangan, manajemen In preparing the financial statements, management
bertanggung jawab untuk menilai kemampuan is responsible for assessing the Company’s ability to
Perseroan dalam mempertahankan kelangsungan continue as a going concern, disclosing, as
usahanya, mengungkapkan, sesuai dengan applicable, matters related to going concern and
kondisinya, hal-hal yang berkaitan dengan using the going concern basis of accounting unless
kelangsungan usaha, dan menggunakan basis management either intends to liquidate the
akuntansi kelangsungan usaha, kecuali manajemen Company or to cease operations, or has no realistic
memiliki intensi untuk melikuidasi Perseroan atau alternative but to do so.
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 Company’s financial reporting
pelaporan keuangan Perseroan. process.
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Tanggung Jawab Auditor terhadap Audit atas Laporan Auditor’s Responsibilities for the Audit of the
Keuangan Financial Statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan secara about whether the financial statements as a whole
keseluruhan bebas dari kesalahan penyajian material, are free from material misstatement, whether due
baik yang disebabkan oleh kecurangan maupun to fraud or error, and to issue an auditor’s report
kesalahan, dan untuk menerbitkan laporan auditor that includes our opinion. Reasonable assurance is a
yang mencakup opini kami. Keyakinan memadai high level of assurance, but is not a guarantee that
merupakan suatu tingkat keyakinan tinggi, namun an audit conducted in accordance with Standards on
bukan merupakan suatu jaminan bahwa audit yang Auditing will always detect a material misstatement
dilaksanakan berdasarkan Standar Audit akan selalu when it exists. Misstatements can arise from fraud or
mendeteksi kesalahan penyajian material ketika hal error and are considered material if, individually or
tersebut ada. Kesalahan penyajian dapat disebabkan in the aggregate, they could reasonably be expected
oleh kecurangan maupun kesalahan dan dianggap to influence the economic decisions of users taken
material jika, baik secara individual maupun secara on the basis of these financial statements.
agregat, dapat diekspektasikan secara wajar akan
memengaruhi keputusan ekonomi yang diambil oleh
pengguna berdasarkan laporan keuangan tersebut.
Sebagai bagian dari suatu audit berdasarkan Standar As part of an audit in accordance with Standards on
Audit, kami menerapkan pertimbangan profesional Auditing, we exercise professional judgment and
dan mempertahankan skeptisisme profesional selama maintain professional skepticism throughout the
audit. Kami juga: audit. We also:
• Mengidentifikasi dan menilai risiko kesalahan • Identify and assess the risks of material
penyajian material dalam laporan keuangan, baik misstatement of the financial statements,
yang disebabkan oleh kecurangan maupun whether due to fraud or error, design and
kesalahan, mendesain dan melaksanakan perform audit procedures responsive to those
prosedur audit yang responsif terhadap risiko risks, and obtain audit evidence that is sufficient
tersebut, serta memeroleh bukti audit yang cukup and appropriate to provide a basis for our
dan tepat untuk menyediakan basis bagi opini opinion. The risk of not detecting a material
kami. Risiko tidak terdeteksinya kesalahan misstatement resulting from fraud is higher than
penyajian material yang disebabkan oleh for one resulting from error, as fraud may
kecurangan lebih tinggi dari yang disebabkan oleh involve collusion, forgery, intentional omissions,
kesalahan, karena kecurangan dapat melibatkan misrepresentations, or the override of internal
kolusi, pemalsuan, penghilangan secara sengaja, control.
pernyataan salah, atau pengabaian pengendalian
internal.
• Memeroleh suatu pemahaman tentang • Obtain an understanding of internal control
pengendalian internal yang relevan dengan audit relevant to the audit in order to design audit
untuk mendesain prosedur audit yang tepat procedures that are appropriate in the
sesuai kondisinya, tetapi bukan untuk tujuan circumstances, but not for the purpose of
menyatakan opini atas keefektivitasan expressing an opinion on the effectiveness of
pengendalian internal Perseroan. the Company’s internal control.
• 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 dibuat accounting estimates and related disclosures
oleh manajemen. made by management.
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Imelda & Rekan Performance
Highlights
Opening Management
Report
Corporate
Profile
Management
Discussion
and Analysis
Corporate
Governance
Environmental
and Social
Responsibility
Supporting
Data
• Menyimpulkan ketepatan penggunaan basis • Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh manajemen management's use of the going concern basis of
dan, berdasarkan bukti audit yang diperoleh, accounting and, based on the audit evidence
apakah terdapat suatu ketidakpastian material obtained, whether a material uncertainty exists
yang terkait dengan peristiwa atau kondisi yang related to events or conditions that may cast
dapat menyebabkan keraguan signifikan atas significant doubt on the Company's ability to
kemampuan Perseroan untuk mempertahankan continue as a going concern. If we conclude that
kelangsungan usahanya. Ketika kami a material uncertainty exists, we are required to
menyimpulkan bahwa terdapat suatu draw attention in our auditor's report to the
ketidakpastian material, kami diharuskan untuk related disclosures in the financial statements
menarik perhatian dalam laporan auditor kami ke or, if such disclosures are inadequate, to modify
pengungkapan terkait dalam laporan keuangan our opinion. Our conclusions are based on the
atau, jika pengungkapan tersebut tidak memadai, audit evidence obtained up to the date of our
harus menentukan apakah perlu untuk auditor's report. However, future events or
memodifikasi opini kami. Kesimpulan kami conditions may cause the Company to cease to
didasarkan pada bukti audit yang diperoleh continue as a going concern.
hingga tanggal laporan auditor kami. Namun,
peristiwa atau kondisi masa depan dapat
menyebabkan Perseroan tidak dapat
mempertahankan kelangsungan usaha.
• Mengevaluasi penyajian, struktur, dan isi laporan • Evaluate the overall presentation, structure and
keuangan secara keseluruhan, termasuk content of the financial statements, including
pengungkapannya, dan apakah laporan keuangan the disclosures, and whether the financial
mencerminkan transaksi dan peristiwa yang statements represent the underlying
mendasarinya dengan suatu cara yang mencapai transactions and events in a manner that
penyajian wajar. achieves fair presentation.
Kami mengomunikasikan kepada pihak yang We communicate with those charged with
bertanggung jawab atas tata kelola mengenai, antara governance regarding, among other matters, the
lain, ruang lingkup dan saat yang direncanakan atas planned scope and timing of the audit and significant
audit, serta temuan audit signifikan, termasuk setiap audit findings, including any significant deficiencies
defisiensi signifikan dalam pengendalian internal yang in internal control that we identify during our audit.
teridentifikasi oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada We also provide those charged with governance with
pihak yang bertanggung jawab atas tata kelola bahwa a statement that we have complied with relevant
kami telah mematuhi ketentuan etika yang relevan ethical requirements regarding independence, and
mengenai independensi, dan mengomunikasikan to communicate with them all relationships and
seluruh hubungan, serta hal-hal lain yang dianggap other matters that may reasonably be thought to
secara wajar berpengaruh terhadap independensi bear on our independence, and where applicable,
kami, dan jika relevan, pengamanan terkait. related safeguards.
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Dari hal-hal yang dikomunikasikan kepada pihak yang From the matters communicated with those charged
bertanggung jawab atas tata kelola, kami menentukan with governance, we determine those matters that
hal-hal tersebut yang paling signifikan dalam audit were of most significance in the audit of the financial
atas laporan keuangan periode kini dan oleh statements of the current period and are therefore
karenanya menjadi hal audit utama. Kami the key audit matters. We describe these matters in
menguraikan hal audit utama dalam laporan auditor our auditor’s report unless law or regulation
kami, kecuali peraturan perundang-undangan precludes public disclosure about the matter or
melarang pengungkapan publik tentang hal tersebut when, in extremely rare circumstances, we
atau ketika, dalam kondisi yang sangat jarang terjadi, determine that a matter should not be
kami menentukan bahwa suatu hal tidak boleh communicated in our report because the adverse
dikomunikasikan dalam laporan kami karena consequences of doing so would reasonably be
konsekuensi merugikan dari mengomunikasikan hal expected to outweigh the public interest benefits of
tersebut akan diekspektasikan secara wajar melebihi such communication.
manfaat kepentingan publik atas komunikasi tersebut.
IMELDA & REKAN
Elisabeth Imelda
Izin Akuntan Publik/Public Accountant License No. AP.0849
12 Februari 2024/February 12, 2024
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes- 2023 - 2022 -
ASET ASSETS
Kas dan kas di bank Cash on hand and in banks
Kas 2d,2e,2u,4, 128.375 111.028 Cash on hand
Kas di bank 37,38,40 Cash in banks
Pihak ketiga 570.099 675.223 Third parties
Pihak berelasi 2t,36 737.017 500.111 Related parties
Piutang pembiayaan konsumen - Consumer financing receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2g,2h, impairment losses of
Rp1.270.590 (2022: Rp1.252.458) 5,37,38 Rp1,270,590 (2022: Rp1,252,458)
Pihak ketiga 20.675.293 17.200.373 Third parties
Pihak berelasi 2t,36 5.336 4.348 Related parties
Piutang pembiayaan murabahah - Murabahah financing receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2g,2h, impairment losses of
Rp292.108 (2022: Rp187.860) 6,37,38 Rp292,108 (2022: Rp187,860)
Pihak ketiga 5.519.781 4.033.052 Third parties
Pihak berelasi 2t,36 281 305 Related parties
Piutang sewa pembiayaan - Finance lease receivables -
setelah dikurangi cadangan net of allowance for
kerugian penurunan nilai sebesar 2d,2f,2h,7, impairment losses of
Rp60.770 (2022: Rp47.448) 37,38 1.444.300 918.005 Rp60,770 (2022: Rp47,448)
Beban dibayar dimuka 2j,8 Prepaid expenses
Pihak ketiga 104.160 92.233 Third parties
Pihak berelasi 2t,36 38.904 36.372 Related party
Piutang lain-lain - neto 2d,9,37,38 Other receivables - net
Pihak ketiga 273.909 205.197 Third parties
Pihak berelasi 2t,36 67.152 63.024 Related parties
2d, 2i,10,
Aset derivatif 37,38 1.006 40.884 Derivative assets
Pajak dibayar dimuka 21 64.396 46.112 Prepaid tax
Investasi dalam saham, 2d,2k,2t,11, Investment in shares,
pihak berelasi 36,37,38 386.360 650 related parties
Aset tetap - setelah dikurangi Fixed assets - net of accumulated
akumulasi penyusutan sebesar depreciation of Rp630,860
Rp630.860 (2022: Rp604.357) 2l,12 229.704 161.763 (2022: Rp604,357)
Aset hak guna - setelah dikurangi Right-of-use assets - net of accumulated
akumulasi penyusutan sebesar depreciation of Rp217,343
Rp217.343 (2022: Rp199.721) 2v,13 262.482 269.162 (2022: Rp199,721)
Aset tak berwujud - setelah dikurangi Intangible assets - net of accumulated
akumulasi amortisasi sebesar amortisation of Rp438,281
Rp438.281 (2022: Rp387.791) 2m,14 120.659 128.726 (2022: Rp387,791)
Aset pajak tangguhan 2q,21 354.965 395.417 Deferred tax assets
Aset lain-lain 15 23.043 15.220 Other assets
TOTAL ASET 31.007.222
- 24.897.205
- TOTAL ASSETS
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
1
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes- 2023 - 2022 -
LIABILITAS LIABILITIES
2d,2u,16,37,
Pinjaman yang diterima 38,40 Borrowings
Pihak ketiga 6.931.541 3.162.251 Third parties
Pihak berelasi 2t,36 2.381.431 1.910.833 Related parties
Beban yang masih harus dibayar 2d,17,38 Accrued expenses
Pihak ketiga 874.663 1.198.785 Third parties
Pihak berelasi 2t,36 53.212 47.459 Related parties
2d,2p,18,
Utang obligasi - neto 37,38 Bonds payable - net
Pihak ketiga 5.716.456 4.920.107 Third parties
Pihak berelasi 2t,36 168.650 79.100 Related parties
Utang lain-lain 2d,19,37,38 Other payables
Pihak ketiga 807.304 889.183 Third parties
Pihak berelasi 2t,36 791.763 815.143 Related parties
Liabilitas sewa 2v,20 148.048 168.688 Lease liabilities
Utang pajak 2q,21 180.796 302.147 Taxes payable
2d,2i,10,
Liabilitas derivatif 37,38 - 5.693 Derivative liabilities
Liabilitas imbalan kerja 2o,35 982.172 924.430 Employement benefits liabilities
2d,2r,22,
Sukuk mudharabah 37,38 859.000 441.000 Mudharabah bonds
TOTAL LIABILITAS 19.895.036 14.864.819 TOTAL LIABILITIES
EKUITAS EQUITY
Share capital - par value Rp100
Modal saham - nilai nominal Rp100 (full amount) per share
(nilai penuh) per saham Authorized capital -
Modal dasar 4.000.000.000 saham 4,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh 1.000.000.000 saham 23 100.000 100.000 1,000,000,000 shares
Tambahan modal disetor 23 6.750 6.750 Additional paid-in capital
Saldo laba 24 Retained earnings
Telah ditentukan penggunaannya 223.137 207.082 Appropriated
Belum ditentukan penggunaannya 10.783.047 9.721.937 Unappropriated
Kerugian kumulatif atas instrumen derivatif Cumulative losses on derivative
untuk lindung nilai arus kas - neto 2i,10,25 (748) (3.383) instrument for cash flows hedges - net
EKUITAS - NETO 11.112.186 10.032.386 EQUITY - NET
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND
EKUITAS 31.007.222
- 24.897.205
- EQUITY
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
2
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 513
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN LABA RUGI DAN STATEMENT OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes- 2023 - 2022 -
PENDAPATAN INCOME
2f,2g,2n,
Pembiayaan konsumen 2t,27,36 6.041.776 5.373.674 Consumer financing
2f,2g,2n,2t
Marjin murabahah 28,36 1.482.860 1.195.163 Murabahah margin
Sewa pembiayaan 2f,2n,29 147.862 68.220 Finance leases
2d,2f,2l,2n,
2t,2u,12,
Lain-lain 30,36 1.835.436 1.703.379 Others
TOTAL PENDAPATAN 9.507.934 8.340.436 TOTAL INCOME
BEBAN EXPENSES
Gaji dan tunjangan 2o,2t,31,36 (2.419.732) (2.304.424) Salaries and benefits
2n,2p,2t,16,
Beban bunga dan keuangan 18,32,36 (982.199) (700.133) Interest expense and financing charges
Penyisihan kerugian penurunan nilai 2h Provision for impairment losses
Pembiayaan konsumen 2t,5,36 (1.215.186) (990.784) Consumer financing
Pembiayaan murabahah 2t,6,36 (413.212) (227.253) Murabahah financing
Sewa pembiayaan 7 (19.256) (37.633) Finance leases
2l,2m,2t,2v,
Umum dan administrasi 33,36 (1.338.942) (1.320.921) General and administrative
Pemasaran (611.583) (653.420) Marketing
Bagi hasil sukuk mudharabah 2r,22 (29.983) (29.140) Revenue sharing for mudharabah bonds
Lain-lain 34 (5.172) (37.004) Others
TOTAL BEBAN (7.035.265) (6.300.712) TOTAL EXPENSES
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 2.472.669 2.039.724 TAX EXPENSE
Beban pajak penghasilan 2q,21 (528.622) (434.169) Income tax expense
LABA TAHUN BERJALAN 1.944.047 1.605.555 NET INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Pengukuran kembali atas program Remeasurement of post-
imbalan pasca-kerja 2o,35, (81.900) 37.949 employment benefits
Manfaat pajak penghasilan terkait Income tax benefit relating to
penghasilan komprehensif lain yang other comprehensive income that
tidak akan direklasifikasi ke laba rugi 21 18.018 (8.348) will not be reclassified to profit or loss
Pos yang akan direklasifikasi Items that will be reclassified
ke laba rugi to profit or loss
Effective portion of the fair value change of
Bagian efektif atas perubahan nilai wajar the derivative instrument -
instrumen derivatif - lindung nilai arus kas 2i,10,25 3.378 74.177 cash flow hedge
Pajak penghasilan terkait Income tax relating to other
penghasilan komprehensif lain yang comprehensive income that will
akan direklasifikasi ke laba rugi 21 (743) (16.319) be reclassified to profit or loss
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
SETELAH PAJAK (61.247) 87.459 NET OF TAX
TOTAL PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 1.882.800
- 1.693.014
- FOR THE YEAR
LABA PER SAHAM - DASAR EARNINGS PER SHARE - BASIC
(dinyatakan dalam nilai Rupiah penuh) 2s,26 1.944
- 1.606
- (expressed in full amount of Rupiah)
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 514
510
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Keuntungan/
(kerugian) kumulatif
atas instrumen
derivatif untuk
lindung nilai arus
kas - neto/
Tambahan Saldo laba/Retained earnings Cumulative gain/
modal disetor/ Belum (losses)
Additional Telah ditentukan ditentukan on derivative
Catatan/ Modal saham/ paid-in penggunaannya/ penggunaannya/ instrument for cash Jumlah/
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Notes
- Share capital
- capital - Appropriated- Unappropriated- flow hedges - net- Total -
Saldo pada tanggal 1 Januari 2023 100.000 6.750 207.082 9.721.937 (3.383) 10.032.386 Balance as of 1 January 2023
Dividen kas 24 - - - (803.000) - (803.000) Cash dividends
Penyisihan saldo laba untuk Appropriation of retained
cadangan umum 24 - - 16.055 (16.055) - - earnings for general reserve
Laba tahun berjalan - - - 1.944.047 - 1.944.047 Net income for the year
Penghasilan komprehensif lain Other comprehensive income
setelah pajak net of tax
Pengukuran kembali atas program Remeasurement of post-
imbalan pasca-kerja 35 - - - (63.882) - (63.882) employment benefits
Bagian yang efektif dari lindung Effective portion of cash
nilai arus kas - neto 2i,25 - - - - 2.635 2.635 flows hedges - net
Saldo pada tanggal 31 Desember 2023 100.000
- 6.750
- 223.137
- 10.783.047
- (748)
- 11.112.186
- Balance as of 31 December 2023
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to financial statements form an integral part of these financial
dari laporan keuangan secara keseluruhan. statements taken as a whole.
4
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Keuntungan/
(kerugian) kumulatif
atas instrumen
derivatif untuk
lindung nilai arus
kas - neto/
Tambahan Saldo laba/Retained earnings Cumulative gain/
modal disetor/ Belum (losses)
Additional Telah ditentukan ditentukan on derivative
Catatan/ Modal saham/ paid-in penggunaannya/ penggunaannya/ instrument for cash Jumlah/
Notes
- Share capital
- capital - Appropriated- Unappropriated- flow hedges - net- Total -
Saldo pada tanggal 1 Januari 2022 100.000 6.750 194.955 8.705.908 (61.241) 8.946.372 Balance as of 1 January 2022
Dividen kas 24 - - - (607.000) - (607.000) Cash dividends
Penyisihan saldo laba untuk Appropriation of retained
cadangan umum 24 - - 12.127 (12.127) - - earnings for general reserve
Laba tahun berjalan - - - 1.605.555 - 1.605.555 Net income for the year
Penghasilan komprehensif lain Other comprehensive income
setelah pajak net of tax
Pengukuran kembali atas program Remeasurement of post-
imbalan pasca-kerja 35 - - - 29.601 - 29.601 employment benefits
Bagian yang efektif dari lindung Effective portion of cash
nilai arus kas - neto 2i,25 - - - - 57.858 57.858 flows hedges - net
Saldo pada tanggal 31 Desember 2022 100.000
- 6.750
- 207.082
- 9.721.937
- (3.383)
- 10.032.386
- Balance as of 31 December 2022
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to financial statements form an integral part of these financial
dari laporan keuangan secara keseluruhan. statements taken as a whole.
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Page 516
PT ADIRA DINAMIKA MULTI FINANCE Tbk
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
Untuk Tahun-Tahun yang Berakhir For the Years Ended
31 Desember 2023 dan 2022 31 December 2023 and 2022
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes
- 2023 - 2022 -
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan kas dari: Cash received from:
Transaksi pembiayaan 40.813.016 36.816.559 Financing transactions
Pembiayaan bersama 20.392.659 15.169.087 Joint financing
Bunga bank 25.693 25.087 Interest from banks
Pengeluaran kas untuk: Cash disbursements for:
Transaksi pembiayaan (42.029.559) (31.408.947) Financing transactions
Pokok pembiayaan bersama (13.380.622) (11.988.671) Principal on joint financing
Bunga pembiayaan bersama (2.655.890) (2.376.383) Interest on joint financing
Gaji dan tunjangan (2.404.629) (2.175.973) Salaries and benefits
Premi asuransi (1.829.971) (1.331.296) Insurance premiums
Beban umum dan administrasi (1.386.140) (1.138.734) General and administrative expenses
Pajak penghasilan dan lainnya (897.180) (654.018) Income and other taxes
Beban bunga dan provisi bank (608.207) (262.241) Interest and bank provision expenses
Beban bunga utang obligasi (319.947) (446.615) Interest on bonds payable
Bagi hasil sukuk mudharabah (23.330) (31.199) Revenue sharing for mudharabah bonds
Tantiem for Boards of
Tantiem Dewan Komisaris dan Direksi (19.538) (21.972) Commissioners and Directors
Beban bunga liabilitas sewa 42 (12.653) (14.287) Interest on lease liabilities
Penerimaan kas dari lain-lain - neto 284.265 668.953 Cash received from others - net
Kas neto diperoleh dari/(digunakan untuk) Net cash provided from/(used in)
aktivitas operasi (4.052.033) 829.350 operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penerimaan dari likuidasi investee 11 1.441 - Proceeds from liquidation of investee
Hasil penjualan aset tetap 12 450 31.217 Proceeds from sale of fixed assets
Pembelian investasi dalam saham 11 (386.360) - Acquisition of investment in shares
Pembelian aset tetap (108.595) (25.958) Acquisition of fixed assets
Pembelian aset tak berwujud (40.424) (21.835) Acquisition of intangible assets
Kas neto digunakan untuk Net cash used in
aktivitas investasi (533.488) (16.576) investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penerimaan pinjaman bank 42 21.193.215 9.234.167 Proceeds from borrowings
Penerimaan dari penerbitan obligasi 42 2.950.000 1.700.000 Proceeds from issuance of bonds
Penerimaan dari penerbitan sukuk Proceeds from issuance of
mudharabah 42 600.000 300.000 mudharabah bonds
Pembayaran pinjaman bank 42 (16.911.131) (9.224.112) Payments of borrowings
Pembayaran pokok utang obligasi (2.058.800) (2.275.750) Payments of principal on bonds payable
Pembayaran dividen kas 24 (803.000) (607.000) Payments of cash dividends
42 Payments of principal on
Pembayaran pokok sukuk mudharabah 42 (182.000) (261.000) mudharabah bonds
Pembayaran pokok liabilitas sewa 42 (26.060) (20.368) Payments of principal on lease liabilities
Pembayaran biaya transaksi pinjaman bank 42 (13.779) (3.232) Payments of borrowings transaction costs
Pembayaran biaya emisi obligasi 42 (11.037) (5.538) Payments of bonds issuance costs
Pembayaran biaya emisi sukuk Payments of mudharabah bonds
mudharabah (2.508) (1.129) issuance costs
Pembayaran biaya transaksi pinjaman Payments of mudharabah loan
mudharabah (250) - transaction costs
Kas neto diperoleh dari/(digunakan untuk) Net cash proceed from/(used in)
aktivitas pendanaan 4.734.650 (1.163.962) financing activities
KENAIKAN/(PENURUNAN) NETO NET INCREASE/(DECREASE) IN
KAS DAN KAS DI BANK 149.129 (351.188) CASH ON HAND AND IN BANKS
CASH ON HAND AND IN BANKS,
KAS DAN KAS DI BANK, AWAL TAHUN 4 1.286.362 1.637.550 AT BEGINNING OF YEAR
CASH ON HAND AND IN BANKS,
KAS DAN KAS DI BANK, AKHIR TAHUN 4 1.435.491
- 1.286.362
- AT END OF YEAR
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements taken as a whole.
keseluruhan.
6
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 517
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian dan informasi umum Perseroan a. Establishment and general information of the
Company
PT Adira Dinamika Multi Finance Tbk (“Perseroan”) PT Adira Dinamika Multi Finance Tbk (the “Company”)
didirikan pada tanggal 13 November 1990 berdasarkan was established on 13 November 1990 based on
Akta Notaris Misahardi Wilamarta, S.H., No. 131. Akta Notarial Deed No. 131 of Misahardi Wilamarta, S.H. The
Pendirian ini telah disahkan oleh Menteri Kehakiman Deed of Establishment was approved by the Ministry of
Republik Indonesia dalam Surat Keputusan Justice of the Republic of Indonesia in its Decision
No. C2-19.HT.01.01.TH.91 tanggal 8 Januari 1991 dan Letter No. C2-19.HT.01.01.TH.91 dated 8 January 1991
telah diumumkan dalam Tambahan No. 421 pada and was published in Supplement No. 421 to the State
Berita Negara Republik Indonesia No. 12 tanggal Gazette of the Republic of Indonesia No. 12 dated
8 Februari 1991. 8 February 1991.
Anggaran Dasar Perseroan telah mengalami beberapa The Company’s Articles of Association has been
kali perubahan, perubahan terakhir dilakukan dengan amended several times with the latest amendment
Akta Notaris Mala Mukti, S.H., L.LM, No. 40 tanggal effected by Notarial Deed of Mala Mukti, S.H., L.LM,
15 Oktober 2021. Perubahan aini telah diterima dan No. 40 dated 15 October 2021. This amendment has
dicatat di dalam Sistem Administrasi Badan Hukum been received and recorded in the database of Legal
Kementerian Hukum dan Hak Asasi Manusia Republik Entity Administrative System of the Ministry of Laws and
Indonesia melalui Surat Penerimaan Pemberitahuan Human Rights of the Republic of Indonesia through its
Perubahan Anggaran Dasar PT Adira Dinamika Multi Letter of Receipt of Notice on Amendment to the Articles
Finance Tbk No. AHU-AH.01.03-0465665 tanggal of Association of PT Adira Dinamika Multi Finance Tbk
27 Oktober 2021. No. AHU-AH.01.03-0465665 dated 27 October 2021.
Perseroan memperoleh izin usaha sebagai The Company obtained its license to operate as
perusahaan pembiayaan dari Menteri Keuangan dalam a financing company from the Ministry of Finance based
Surat Keputusan No. 253/KMK.013/1991 tanggal on Decision Letter No. 253/KMK.013/1991 dated
4 Maret 1991. Berdasarkan Pasal 3 Anggaran Dasar 4 March 1991. As stated in Article 3 of the Company’s
Perseroan, ruang lingkup kegiatan Perseroan dalam Articles of Association, the scope of the Company’s
bidang pembiayaan dan pembiayaan syariah yang activities comprises of financing and sharia financing
merupakan Unit Usaha Syariah meliputi pembiayaan which is a Sharia Business Unit which include
investasi, pembiayaan modal kerja, pembiayaan investment financing, working capital financing,
multiguna, kegiatan usaha pembiayaan lain multipurpose financing, other financing business
berdasarkan persetujuan Otoritas Jasa Keuangan activities based on approval by Financial Service
(OJK), sewa operasi dan/atau kegiatan berbasis fee Authority (OJK), operating lease and/or fee-based
sepanjang tidak bertentangan dengan peraturan activities to the extent consistent with legislation in the
perundang-undangan di sektor jasa keuangan, financial services sector, sell-buy financing and service
pembiayaan jual-beli, dan pembiayaan jasa. financing.
Perseroan berdomisili di Millennium Centennial Center The Company's registered office is located at the 53rd-
Lantai 53-61, Jalan Jenderal Sudirman Kav. 25, 61st Floor of Millennium Centennial Center, Jalan
Jakarta Selatan dan Perseroan memiliki 466 jaringan Jenderal Sudirman Kav. 25, South Jakarta and the
usaha yang terdiri dari kantor cabang dan kantor Company has 466 business networks which consist of
perwakilan yang tersebar di seluruh wilayah Indonesia. branch offices and representative office throughout
Perseroan memulai operasi komersialnya pada tahun Indonesia. The Company started its commercial
1991. operations in 1991.
PT Bank Danamon Indonesia Tbk adalah pemegang PT Bank Danamon Indonesia Tbk is the Company’s
saham pengendali Perseroan. MUFG Bank, Ltd. adalah controlling shareholder. MUFG Bank, Ltd. is the
pemegang saham pengendali dari PT Bank Danamon controlling shareholder of PT Bank Danamon Indonesia
Indonesia Tbk dengan kepemilikan saham secara Tbk with 92.47% direct and indirect share ownership.
langsung dan tidak langsung sebesar 92,47%.
* Tidak diaudit *Unaudited
7
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 518
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham Perseroan b. Public offering of the Company’s shares
Pada tanggal 23 Maret 2004, Perseroan melakukan On 23 March 2004, the Company conducted an Initial
Penawaran Umum Perdana atas 100.000.000 saham Public Offering (IPO) of 100,000,000 shares with par
dengan nilai nominal Rp100 (nilai penuh) per saham value of Rp100 (full amount) per share with offering
dengan harga penawaran sebesar Rp2.325 value of Rp2,325 (full amount) per share. These shares
(nilai penuh) per saham. Seluruh saham ini telah were all listed on the Jakarta Stock Exchange and
tercatat di Bursa Efek Jakarta dan Bursa Efek Surabaya Surabaya Stock Exchange on 31 March 2004.
pada tanggal 31 Maret 2004.
Pada tanggal 30 November 2007, Bursa Efek Jakarta On 30 November 2007, the Jakarta Stock Exchange and
dan Bursa Efek Surabaya telah bergabung menjadi Surabaya Stock Exchange have merged into Indonesia
Bursa Efek Indonesia. Stock Exchange.
Seluruh saham yang ditawarkan melalui Penawaran All shares offered through this IPO were divestment
Umum Perdana ini merupakan saham divestasi milik shares owned by the founding shareholders. Therefore,
pemegang saham pendiri. Dengan demikian, Perseroan the Company did not receive any funds from sale of
tidak menerima dana hasil penjualan saham. shares.
c. Penawaran umum efek utang Perseroan c. Public offering of the Company’s debt securities
Sejak tahun 2003, Perseroan telah beberapa kali Since 2003, the Company has issued debt securities to
menerbitkan efek utang yang ditawarkan kepada the public through the Indonesian capital market.
masyarakat melalui pasar modal di Indonesia.
Sampai dengan 31 Desember 2023, obligasi dan Until 31 December 2023, bonds and Medium-Term
Medium-Term Notes yang telah diterbitkan oleh Notes issued by the Company are as follows:
Perseroan adalah sebagai berikut:
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Adira Dinamika Multi Finance I Tahun
2003/Adira Dinamika Multi Finance Bonds I 23 April/ PT Bank Negara Triwulan/
Year 2003 (Obligasi I/Bonds I) April 2003 No. S-839/PM/2003 500.000 Indonesia (Persero) Tbk Quarterly
Obligasi Adira Dinamika Multi Finance II Tahun
2006/Adira Dinamika Multi Finance Bonds II 24 Mei/ PT Bank Negara Triwulan/
Year 2006 (Obligasi II/Bonds II) May 2006 No. S-137/BL/2006 750.000 Indonesia (Persero) Tbk Quarterly
Obligasi Adira Dinamika Multi Finance III
Tahun 2009/Adira Dinamika Multi Finance 4 Mei/ PT Bank Negara Triwulan/
Bonds III Year 2009 (Obligasi III/Bonds III) May 2009 No. S-3485/BL/2009 500.000 Indonesia (Persero) Tbk Quarterly
Obligasi Adira Dinamika Multi Finance IV
Tahun 2010/Adira Dinamika Multi Finance 21 Oktober/ PT Bank Negara Triwulan/
Bonds IV Year 2010 (Obligasi IV/Bonds IV) October 2010 No. S-9564/BL/2010 2.000.000 Indonesia (Persero) Tbk Quarterly
Obligasi Adira Dinamika Multi Finance V Tahun
2011/Adira Dinamika Multi Finance Bonds V 18 Mei/ PT Bank Negara Triwulan/
Year 2011 (Obligasi V/Bonds V) May 2011 No. S-5474/BL/2011 2.500.000 Indonesia (Persero) Tbk Quarterly
Medium-Term Notes I Adira Dinamika Multi
Finance Tahun 2011/Adira Dinamika Multi
Finance Medium-Term Notes I Year 2011 Triwulan/
(MTN I) - - 400.000 - Quarterly
* Tidak diaudit *Unaudited
8
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 519
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sampai dengan 31 Desember 2023, obligasi dan Until 31 December 2023, bonds and Medium-Term
Medium-Term Notes yang telah diterbitkan oleh Notes issued by the Company are as follows:
Perseroan adalah sebagai berikut: (lanjutan) (continued)
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan I Adira Dinamika Multi
Finance dengan Tingkat Bunga Tetap Tahap
I Tahun 2011/Adira Dinamika Multi Finance
Continuing Bonds I with Fixed Interest Rate
Phase I Year 2011 (Obligasi Berkelanjutan I 9 Desember/ PT Bank Negara Triwulan/
Tahap I/Continuing Bonds I Phase I) December 2011 No. S-13197/BL/2011 2.523.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan I Adira Dinamika Multi
Finance dengan Tingkat Bunga Tetap Tahap
II Tahun 2012/Adira Dinamika Multi Finance
Continuing Bonds I with Fixed Interest Rate
Phase II Year 2012 (Obligasi Berkelanjutan I 9 Desember/ PT Bank Negara Triwulan/
Tahap II/Continuing Bonds I Phase II) December 2011 No. S-13197/BL/2011 1.850.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan I Adira Dinamika Multi
Finance dengan Tingkat Bunga Tetap Tahap
III Tahun 2012/Adira Dinamika Multi Finance
Continuing Bonds I with Fixed Interest Rate
Phase III Year 2012 (Obligasi Berkelanjutan 9 Desember/ PT Bank Negara Triwulan/
I Tahap III/Continuing Bonds I Phase III) December 2011 No. S-13197/BL/2011 1.627.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan II Adira Finance Tahap I
Tahun 2013/Adira Finance Continuing
Bonds II Phase I Year 2013 (Obligasi
Berkelanjutan II Tahap I/Continuing Bonds II 21 Februari/ PT Bank Negara Triwulan/
Phase I) February 2013 No. S-37/D.04/2013 2.000.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan II Adira Finance Tahap
II Tahun 2013/Adira Finance Continuing
Bonds II Phase II Year 2013 (Obligasi
Berkelanjutan II Tahap II/Continuing Bonds II 21 Februari/ PT Bank Negara Triwulan/
Phase II) February 2013 No. S-37/D.04/2013 2.092.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan II Adira Finance Tahap
III Tahun 2014/Adira Finance Continuing
Bonds II Phase III Year 2014 (Obligasi
Berkelanjutan II Tahap III/Continuing Bonds 21 Februari/ PT Bank Negara Triwulan/
II Phase III) February 2013 No. S-37/D.04/2013 1.500.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan II Adira Finance Tahap
IV Tahun 2014/Adira Finance Continuing
Bonds II Phase IV Year 2014 (Obligasi
Berkelanjutan II Tahap IV/Continuing Bonds 21 Februari/ PT Bank Negara Triwulan/
II Phase IV) February 2013 No. S-37/D.04/2013 1.503.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan III Adira Finance Tahap
I Tahun 2015/Adira Finance Continuing
Bonds III Phase I Year 2015 (Obligasi
Berkelanjutan III Tahap I/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase I) June 2015 No. S-279/D.04/2015 979.000 Indonesia (Persero) Tbk Quarterly
* Tidak diaudit *Unaudited
9
515
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 520
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sampai dengan 31 Desember 2023, obligasi dan Until 31 December 2023, bonds and Medium-Term
Medium-Term Notes yang telah diterbitkan oleh Notes issued by the Company are as follows:
Perseroan adalah sebagai berikut: (lanjutan) (continued)
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan III Adira Finance Tahap
II Tahun 2015/Adira Finance Continuing
Bonds III Phase II Year 2015 (Obligasi
Berkelanjutan III Tahap II/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase II) June 2015 No. S-279/D.04/2015 1.437.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan III Adira Finance Tahap
III Tahun 2016/Adira Finance Continuing
Bonds III Phase III Year 2016 (Obligasi
Berkelanjutan III Tahap III/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase III) June 2015 No. S-279/D.04/2015 1.101.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan III Adira Finance Tahap
IV Tahun 2016/Adira Finance Continuing
Bonds III Phase IV Year 2016 (Obligasi
Berkelanjutan III Tahap IV/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase IV) June 2015 No. S-279/D.04/2015 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan III Adira Finance Tahap
V Tahun 2017/Adira Finance Continuing
Bonds III Phase V Year 2017 (Obligasi
Berkelanjutan III Tahap V/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase V) June 2015 No. S-279/D.04/2015 2.014.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan III Adira Finance Tahap
VI Tahun 2017/Adira Finance Continuing
Bonds III Phase VI Year 2017 (Obligasi
Berkelanjutan III Tahap VI/Continuing Bonds 25 Juni/ PT Bank Negara Triwulan/
III Phase VI) June 2015 No. S-279/D.04/2015 769.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
I Tahun 2017/Adira Finance Continuing
Bonds IV Phase I Year 2017 (Obligasi
Berkelanjutan IV Tahap I/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase I) December 2017 No. S-458/D.04/2017 1.300.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
II Tahun 2018/Adira Finance Continuing
Bonds IV Phase II Year 2018 (Obligasi
Berkelanjutan IV Tahap II/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase II) December 2017 No. S-458/D.04/2017 1.630.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
III Tahun 2018/Adira Finance Continuing
Bonds IV Phase III Year 2018 (Obligasi
Berkelanjutan IV Tahap III/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase III) December 2017 No. S-458/D.04/2017 2.260.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
IV Tahun 2018/Adira Finance Continuing
Bonds IV Phase IV Year 2018 (Obligasi
Berkelanjutan IV Tahap IV/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase IV) December 2017 No. S-458/D.04/2017 618.000 Indonesia (Persero) Tbk Quarterly
* Tidak diaudit *Unaudited
10
516
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 521
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sampai dengan 31 Desember 2023, obligasi dan Until 31 December 2023, bonds and Medium-Term
Medium-Term Notes yang telah diterbitkan oleh Notes issued by the Company are as follows:
Perseroan adalah sebagai berikut: (lanjutan) (continued)
Tanggal Skedul
pernyataan pembayaran
efektif/ bunga/
Effective Interest
Efek utang/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Debt securities date Letter number Amount The trustee schedule
Obligasi Berkelanjutan IV Adira Finance Tahap
V Tahun 2019/Adira Finance Continuing
Bonds IV Phase V Year 2019 (Obligasi
Berkelanjutan IV Tahap V/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase V) December 2017 No. S-458/D.04/2017 2.000.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan IV Adira Finance Tahap
VI Tahun 2019/Adira Finance Continuing
Bonds IV Phase VI Year 2019 (Obligasi
Berkelanjutan IV Tahap VI/Continuing Bonds 4 Desember/ PT Bank Negara Triwulan/
IV Phase VI) December 2017 No. S-458/D.04/2017 1.192.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan V Adira Finance Tahap
I Tahun 2020/Adira Finance Continuing
Bonds V Phase I Year 2020 (Obligasi
Berkelanjutan V Tahap I/Continuing Bonds V 30 Juni/ PT Bank Negara Triwulan/
Phase I) June 2020 No. S-182/D.04/2020 1.300.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan V Adira Finance Tahap
II Tahun 2021/Adira Finance Continuing
Bonds V Phase II Year 2021 (Obligasi
Berkelanjutan V Tahap II/Continuing Bonds 30 Juni/ PT Bank Negara Triwulan/
V Phase II) June 2020 No. S-182/D.04/2020 1.300.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan V Adira Finance Tahap
III Tahun 2022/Adira Finance Continuing
Bonds V Phase III Year 2022 (Obligasi
Berkelanjutan V Tahap III/Continuing Bonds 30 Juni/ PT Bank Negara Triwulan/
V Phase III) June 2020 No. S-182/D.04/2020 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
I Tahun 2023/Adira Finance Continuing
Bonds VI Phase I Year 2023 (Obligasi
Berkelanjutan VI Tahap I/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase I) June 2023 No. S-164/D.04/2023 1.700.000 Indonesia (Persero) Tbk Quarterly
Obligasi Berkelanjutan VI Adira Finance Tahap
II Tahun 2023/Adira Finance Continuing
Bonds VI Phase II Year 2023 (Obligasi
Berkelanjutan VI Tahap II/Continuing Bonds 27 Juni/ PT Bank Negara Triwulan/
VI Phase II) June 2023 No. S-164/D.04/2023 1.250.000 Indonesia (Persero) Tbk Quarterly
Untuk Medium-Term Notes I, Perseroan menunjuk For Medium-Term Notes I, the Company appointed
PT NISP Sekuritas sebagai arranger. PT NISP Sekuritas as arranger.
* Tidak diaudit *Unaudited
11
517
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 522
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sampai dengan 31 Desember 2023, sukuk Until 31 December 2023, mudharabah bonds issued by
mudharabah yang telah diterbitkan oleh Perseroan the Company are as follows:
adalah sebagai berikut:
Skedul
Tanggal pembayaran
pernyataan bagi hasil/
efektif/ Revenue
Effective sharing
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Mudharabah bonds date Letter number Amount The trustee schedule
Sukuk Mudharabah Berkelanjutan I Adira
Finance Tahap I Tahun 2013/Adira Finance
Continuing Mudharabah Bonds I Phase I
Year 2013 (Sukuk Mudharabah
Berkelanjutan I Tahap I/Continuing 21 Februari/ PT Bank Negara Triwulan/
Mudharabah Bonds I Phase I) February 2013 No. S-37/D.04/2013 379.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan I Adira
Finance Tahap II Tahun 2014/Adira Finance
Continuing Mudharabah Bonds I Phase II
Year 2014 (Sukuk Mudharabah
Berkelanjutan I Tahap II/Continuing 21 Februari/ PT Bank Negara Triwulan/
Mudharabah Bonds I Phase II) February 2013 No. S-37/D.04/2013 133.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan II Adira
Finance Tahap I Tahun 2015/Adira Finance
Continuing Mudharabah Bonds II Phase I
Year 2015 (Sukuk Mudharabah
Berkelanjutan II Tahap I/Continuing 25 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds II Phase I) June 2015 No. S-279/D.04/2015 500.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan II Adira
Finance Tahap II Tahun 2016/Adira Finance
Continuing Mudharabah Bonds II Phase II
Year 2016 (Sukuk Mudharabah
Berkelanjutan II Tahap II/Continuing 25 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds II Phase II) June 2015 No. S-279/D.04/2015 86.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan II Adira
Finance Tahap III Tahun 2017/Adira Finance
Continuing Mudharabah Bonds II Phase III
Year 2017 (Sukuk Mudharabah
Berkelanjutan II Tahap III/Continuing 25 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds II Phase III) June 2015 No. S-279/D.04/2015 386.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap I Tahun 2017/Adira Finance
Continuing Mudharabah Bonds III Phase I
Year 2017 (Sukuk Mudharabah
Berkelanjutan III Tahap I/Continuing 4 Desember/ PT Bank Negara Triwulan/
Mudharabah Bonds III Phase I) December 2017 No. S-458/D.04/2017 200.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap II Tahun 2018/Adira Finance
Continuing Mudharabah Bonds III Phase II
Year 2018 (Sukuk Mudharabah
Berkelanjutan III Tahap II/Continuing 4 Desember/ PT Bank Negara Triwulan/
Mudharabah Bonds III Phase II) December 2017 No. S-458/D.04/2017 490.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap III Tahun 2018/Adira Finance
Continuing Mudharabah Bonds III Phase III
Year 2018 (Sukuk Mudharabah
Berkelanjutan III Tahap III/Continuing 4 Desember/ PT Bank Negara Triwulan/
Mudharabah Bonds III Phase III) December 2017 No. S-458/D.04/2017 214.000 Indonesia (Persero) Tbk Quarterly
* Tidak diaudit *Unaudited
12
518
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 523
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Sampai dengan 31 Desember 2023, sukuk Until 31 December 2023, mudharabah bonds issued by
mudharabah yang telah diterbitkan oleh Perseroan the Company are as follows: (continued)
adalah sebagai berikut: (lanjutan)
Skedul
Tanggal pembayaran
pernyataan bagi hasil/
efektif/ Revenue
Effective sharing
Sukuk mudharabah/ notification Nomor surat/ Jumlah/ Wali amanat/ payment
Mudharabah bonds date Letter number Amount The trustee schedule
Sukuk Mudharabah Berkelanjutan III Adira
Finance Tahap IV Tahun 2019/Adira
Finance Continuing Mudharabah Bonds III
Phase IV Year 2019 (Sukuk Mudharabah
Berkelanjutan III Tahap IV/Continuing 4 Desember/ PT Bank Negara Triwulan/
Mudharabah Bonds III Phase IV) December 2017 No. S-458/D.04/2017 96.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap I Tahun 2020/Adira Finance
Continuing Mudharabah Bonds IV Phase I
Year 2020 (Sukuk Mudharabah
Berkelanjutan IV Tahap I/Continuing 30 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds IV Phase I) June 2020 No. S-182/D.04/2020 200.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap II Tahun 2021/Adira Finance
Continuing Mudharabah Bonds IV Phase II
Year 2021 (Sukuk Mudharabah
Berkelanjutan IV Tahap II/Continuing 30 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds IV Phase II) June 2020 No. S-182/D.04/2020 200.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan IV Adira
Finance Tahap III Tahun 2022/Adira
Finance Continuing Mudharabah Bonds IV
Phase III Year 2022 (Sukuk Mudharabah
Berkelanjutan IV Tahap III/Continuing 30 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds IV Phase III) June 2020 No. S-182/D.04/2020 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap I Tahun 2023/Adira Finance
Continuing Mudharabah Bonds V Phase I
Year 2023 (Sukuk Mudharabah
Berkelanjutan V Tahap I/Continuing 27 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds V Phase I) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
Sukuk Mudharabah Berkelanjutan V Adira
Finance Tahap II Tahun 2023/Adira Finance
Continuing Mudharabah Bonds V Phase II
Year 2023 (Sukuk Mudharabah
Berkelanjutan V Tahap II/Continuing 27 Juni/ PT Bank Negara Triwulan/
Mudharabah Bonds V Phase II) June 2023 No. S-164/D.04/2023 300.000 Indonesia (Persero) Tbk Quarterly
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: debt securities issued are as follows:
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi I/Bonds I
Triwulan sejak triwulan ke-13/
Seri A/Serial A 2003 63.000 14,125% 6 Mei/May 2008 Quarterly from 13th quarter
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2003 437.000 14,125% 6 Mei/May 2008 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
13
519
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 524
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi II/Bonds II
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2006 570.000 14,40% 8 Juni/June 2009 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2006 90.000 14,50% 8 Juni/June 2010 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2006 90.000 14,60% 8 Juni/June 2011 tempo/Bullet payment on due date
Obligasi III/Bonds III
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2009 46.000 12,55% 18 Mei/May 2010 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2009 51.000 13,55% 13 Mei/May 2011 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2009 403.000 14,60% 13 Mei/May 2012 tempo/Bullet payment on due date
Obligasi IV/Bonds IV
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2010 229.000 7,60% 29 April/April 2012 tempo/Bullet payment on due date
29 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2010 238.000 8,25% October 2012 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2010 577.000 8,70% 29 April/April 2013 tempo/Bullet payment on due date
29 Oktober/ Pembayaran penuh pada saat jatuh
Seri D/Serial D 2010 284.000 9,00% October 2013 tempo/Bullet payment on due date
29 Oktober/ Pembayaran penuh pada saat jatuh
Seri E/Serial E 2010 672.000 9,25% October 2014 tempo/Bullet payment on due date
Obligasi V/Bonds V
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2011 612.000 8,00% 31 Mei/May 2012 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2011 160.000 8,80% 27 Mei/May 2013 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2011 567.000 9,60% 27 Mei/May 2014 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri D/Serial D 2011 1.161.000 10,00% 27 Mei/May 2015 tempo/Bullet payment on due date
Medium Term Notes
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2011 200.000 8,40% 10 Mei/May 2013 tempo/Bullet payment on due date
10 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2011 200.000 8,65% November 2013 tempo/Bullet payment on due date
Obligasi Berkelanjutan I
Tahap I/Continuing
Bonds I Phase I
16 Desember/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2011 325.000 7,75% December 2013 tempo/Bullet payment on due date
16 Desember/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2011 665.000 8,00% December 2014 tempo/Bullet payment on due date
16 Desember/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2011 1.533.000 9,00% December 2016 tempo/Bullet payment on due date
Obligasi Berkelanjutan I
Tahap II/Continuing
Bonds I Phase II
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2012 786.000 6,50% 14 Mei/May 2013 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2012 200.000 7,50% 4 Mei/May 2014 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2012 864.000 7,75% 4 Mei/May 2015 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
14
520
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 525
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan I
Tahap III/Continuing
Bonds I Phase III
7 Oktober/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2012 376.000 6,50% October 2013 tempo/Bullet payment on due date
27 September/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2012 578.000 7,75% September 2015 tempo/Bullet payment on due date
27 September/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2012 673.000 8,75% September 2017 tempo/Bullet payment on due date
Obligasi Berkelanjutan
II Tahap I/Continuing
Bonds II Phase I
11 Maret/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2013 439.000 6,85% March 2014 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2013 157.000 7,30% 1 Maret/March 2015 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2013 553.000 7,85% 1 Maret/March 2016 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri D/Serial D 2013 851.000 8,90% 1 Maret/March 2018 tempo/Bullet payment on due date
Obligasi Berkelanjutan
II Tahap II/Continuing
Bonds II Phase II
3 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2013 722.000 9,15% November 2014 tempo/Bullet payment on due date
24 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2013 880.000 10,50% October 2016 tempo/Bullet payment on due date
24 Oktober/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2013 490.000 11,00% October 2018 tempo/Bullet payment on due date
Obligasi Berkelanjutan
II Tahap III/Continuing
Bonds II Phase III
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2014 687.000 9,60% 24 Mei/May 2015 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2014 363.000 10,50% 14 Mei/May 2017 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2014 450.000 10,75% 14 Mei/May 2019 tempo/Bullet payment on due date
Obligasi Berkelanjutan
II Tahap IV/Continuing
Bonds II Phase IV
22 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2014 607.000 9,60% November 2015 tempo/Bullet payment on due date
12 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2014 808.000 10,50% November 2017 tempo/Bullet payment on due date
12 November/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2014 88.000 10,75% November 2019 tempo/Bullet payment on due date
Obligasi Berkelanjutan
III Tahap I/Continuing
Bonds III Phase I
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2015 741.000 9,50% 30 Juni/June 2018 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2015 238.000 10,25% 30 Juni/June 2020 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
15
521
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 526
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan
III Tahap II/Continuing
Bonds III Phase II
5 September/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2015 492.000 8,75% September 2016 tempo/Bullet payment on due date
25 Agustus/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2015 668.000 9,50% August 2018 tempo/Bullet payment on due date
25 Agustus/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2015 277.000 10,25% August 2020 tempo/Bullet payment on due date
Obligasi Berkelanjutan
III Tahap III/
Continuing Bonds III
Phase III
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2016 73.000 8,75% 12 Maret/March 2017 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2016 330.500 9,50% 2 Maret/March 2019 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2016 697.500 10,25% 2 Maret/March 2021 tempo/Bullet payment on due date
Obligasi Berkelanjutan
III Tahap IV/
Continuing Bonds III
Phase IV
6 Agustus/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2016 835.000 7,90% August 2017 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri B/Serial B 2016 434.000 8,75% 26 Juli/July 2019 tempo/Bullet payment on due date
Pembayaran penuh pada saat jatuh
Seri C/Serial C 2016 431.000 9,25% 26 Juli/July 2021 tempo/Bullet payment on due date
Obligasi Berkelanjutan
III Tahap V/Continuing
Bonds III Phase V
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2017 913.000 7,50% 2 April/April 2018 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2017 860.000 8,60% March 2020 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2017 241.000 8,90% March 2022 tempo/Bullet payment on due date
Obligasi Berkelanjutan
III Tahap VI/
Continuing Bonds III
Phase VI
24 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2017 251.000 7,10% July 2018 tempo/Bullet payment on due date
14 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2017 450.000 8,10% July 2020 tempo/Bullet payment on due date
14 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2017 68.000 8,40% July 2022 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
16
522
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 527
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan
IV Tahap I/Continuing
Bonds IV Phase I
22 Desember/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2017 316.000 6,15% December 2018 tempo/Bullet payment on due date
12 Desember/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2017 893.000 7,45% December 2020 tempo/Bullet payment on due date
12 Desember/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2017 91.000 7,55% December 2022 tempo/Bullet payment on due date
Obligasi Berkelanjutan
IV Tahap II/Continuing
Bonds IV Phase II
Pembayaran penuh pada saat jatuh
Seri A/Serial A 2018 836.000 6,10% 1 April/April 2019 tempo/Bullet payment on due date
21 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2018 80.000 6,70% March 2020 tempo/Bullet payment on due date
21 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2018 552.000 7,40% March 2021 tempo/Bullet payment on due date
21 Maret/ Pembayaran penuh pada saat jatuh
Seri D/Serial D 2018 162.000 7,50% March 2023 tempo/Bullet payment on due date
Obligasi Berkelanjutan
IV Tahap III/
Continuing Bonds IV
Phase III
26 Agustus/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2018 696.250 7,50% August 2019 tempo/Bullet payment on due date
16 Agustus/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2018 119.000 8,00% August 2020 tempo/Bullet payment on due date
16 Agustus/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2018 715.500 8,50% August 2021 tempo/Bullet payment on due date
16 Agustus/ Pembayaran penuh pada saat jatuh
Seri D/Serial D 2018 268.500 9,00% August 2022 tempo/Bullet payment on due date
16 Agustus/ Pembayaran penuh pada saat jatuh
Seri E/Serial E 2018 460.750 9,25% August 2023 tempo/Bullet payment on due date
Obligasi Berkelanjutan
IV Tahap IV/
Continuing Bonds IV
Phase IV
3 Februari/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2019 232.000 8,05% February 2020 tempo/Bullet payment on due date
23 Januari/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2019 58.000 9,00% January 2022 tempo/Bullet payment on due date
23 Januari/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 328.000 9,50% January 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan
IV Tahap V/
Continuing Bonds IV
Phase V
26 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2019 1.105.000 7,75% April 2020 tempo/Bullet payment on due date
16 April/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2019 287.250 8,60% April 2022 tempo/Bullet payment on due date
16 April/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 607.750 9,15% April 2024 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
17
523
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 528
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian tingkat bunga dan jatuh tempo masing-masing Details of interest rates and due date of each serial of
seri efek utang yang diterbitkan: (lanjutan) debt securities issued are as follows: (continued)
Tahun Tingkat bunga
penerbitan/ tetap/
Efek utang/ Year of Nilai nominal/ Fixed interest Jatuh tempo/ Cicilan pokok efek utang/
Debt securities issuance _ Nominal value _ rate Due date Debt securities installment
Obligasi Berkelanjutan
IV Tahap VI/
Continuing Bonds IV
Phase VI
14 Oktober/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2019 299.000 6,75% October 2020 tempo/Bullet payment on due date
4 Oktober/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2019 703.000 7,80% October 2022 tempo/Bullet payment on due date
4 Oktober/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 190.000 8,10% October 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan
V Tahap I/
Continuing Bonds V
Phase I
17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2020 483.950 6,90% July 2021 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2020 816.050 7,90% July 2023 tempo/Bullet payment on due date
Obligasi Berkelanjutan
V Tahap II/
Continuing Bonds V
Phase II
3 Agustus/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2021 559.000 4,25% August 2022 tempo/Bullet payment on due date
23 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2021 741.000 5,50% July 2024 tempo/Bullet payment on due date
Obligasi Berkelanjutan
V Tahap III/
Continuing Bonds V
Phase III
2 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2022 620.000 3,50% April 2023 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 830.000 5,60% March 2025 tempo/Bullet payment on due date
22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 250.000 6,25% March 2027 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap I/
Continuing Bonds VI
Phase I
17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 405.000 5,50% July 2024 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 410.000 6,00% July 2026 tempo/Bullet payment on due date
7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 885.000 6,25% July 2028 tempo/Bullet payment on due date
Obligasi Berkelanjutan
VI Tahap II/
Continuing Bonds VI
Phase II
19 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 834.390 6,15% November 2024 tempo/Bullet payment on due date
9 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 385.235 6,50% November 2026 tempo/Bullet payment on due date
9 November/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 30.375 6,55% November 2028 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
18
524
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 529
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut:
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan I Tahap I/
Continuing Mudharabah
Bonds I Phase I
57,083% (setara
dengan 6,85%
per tahun/
equivalent to 11 Maret/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2013 66.000 6.85% per year) March 2014 tempo/Bullet payment on due date
60,833% (setara
dengan 7,30%
per tahun/
equivalent to 1 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2013 27.000 7.30% per year) March 2015 tempo/Bullet payment on due date
65,417% (setara
dengan 7,85%
per tahun/
equivalent to 1 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2013 286.000 7.85% per year) March 2016 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan I Tahap II/
Continuing Mudharabah
Bonds I Phase II
80,00% (setara
dengan 9,60%
per tahun/
equivalent to 22 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2014 88.000 9.60% per year) November 2015 tempo/Bullet payment on due date
87,50% (setara
dengan 10,50%
per tahun/
equivalent to 12 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2014 45.000 10.50% per year) November 2017 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan II Tahap I/
Continuing Mudharabah
Bonds II Phase I
72,917% (setara
dengan 8,75%
per tahun/
equivalent to Pembayaran penuh pada saat jatuh
Seri A/Serial A 2015 441.000 8.75% per year) 10 Juli/July 2016 tempo/Bullet payment on due date
79,167% (setara
dengan 9,50%
per tahun/
equivalent to Pembayaran penuh pada saat jatuh
Seri B/Serial B 2015 59.000 9.50% per year) 30 Juni/June 2018 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
19
525
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 530
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan II Tahap
II/Continuing
Mudharabah Bonds II
Phase II
65,83% (setara
dengan 7,90%
per tahun/
equivalent to 6 Agustus/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2016 30.000 7.90% per year) August 2017 tempo/Bullet payment on due date
72,95% (setara
dengan 8,75%
per tahun/
equivalent to Pembayaran penuh pada saat jatuh
Seri B/Serial B 2016 42.000 8.75% per year) 26 Juli/July 2019 tempo/Bullet payment on due date
77,08% (setara
dengan 9,25%
per tahun/
equivalent to Pembayaran penuh pada saat jatuh
Seri C/Serial C 2016 14.000 9.25% per year) 26 Juli/July 2021 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan II Tahap
III/Continuing
Mudharabah Bonds II
Phase III
62,50% (setara
dengan 7,50%
per tahun/
equivalent to 2 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2017 274.000 7.50% per year) April 2018 tempo/Bullet payment on due date
71,67% (setara
dengan 8,60%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2017 105.000 8.60% per year) March 2020 tempo/Bullet payment on due date
74,17% (setara
dengan 8,90%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2017 7.000 8.90% per year) March 2022 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
20
526
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 531
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan III Tahap
I/Continuing Mudharabah
Bonds III Phase I
51,25% (setara
dengan 6,15%
per tahun/
equivalent to 22 Desember/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2017 90.000 6.15% per year) December 2018 tempo/Bullet payment on due date
62,08% (setara
dengan 7,45%
per tahun/
equivalent to 12 Desember/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2017 55.000 7.45% per year) December 2020 tempo/Bullet payment on due date
62,92% (setara
dengan 7,55%
per tahun/
equivalent to 12 Desember/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2017 55.000 7.55% per year) December 2022 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan III Tahap
II/Continuing
Mudharabah Bonds III
Phase II
50,83% (setara
dengan 6,10%
per tahun/
equivalent to Pembayaran penuh pada saat jatuh
Seri A/Serial A 2018 399.000 6.10% per year) 1 April/April 2019 tempo/Bullet payment on due date
61,67% (setara
dengan 7,40%
per tahun/
equivalent to 21 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2018 62.000 7.40% per year) March 2021 tempo/Bullet payment on due date
62,50% (setara
dengan 7,50%
per tahun/
equivalent to 21 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2018 29.000 7.50% per year) March 2023 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan III Tahap
III/Continuing
Mudharabah Bonds III
Phase III
67,08% (setara
dengan 8,05%
per tahun/
equivalent to 3 Februari/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2019 127.000 8.05% per year) February 2020 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
21
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan III Tahap
III/Continuing
Mudharabah Bonds III
Phase III
(lanjutan/continued)
75,00% (setara
dengan 9,00%
per tahun/
equivalent to 23 Januari/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2019 55.000 9.00% per year) January 2022 tempo/Bullet payment on due date
79,17% (setara
dengan 9,50%
per tahun/
equivalent to 23 Januari/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 32.000 9.50% per year) January 2024 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan III Tahap
IV/Continuing
Mudharabah Bonds III
Phase IV
64,58% (setara
dengan 7,75%
per tahun/
equivalent to 26 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2019 72.000 7.75% per year) April 2020 tempo/Bullet payment on due date
71,67% (setara
dengan 8,60%
per tahun/
equivalent to 16 April/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2019 10.000 8.60% per year) April 2022 tempo/Bullet payment on due date
76,25% (setara
dengan 9,15%
per tahun/
equivalent to 16 April/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2019 14.000 9.15% per year) April 2024 tempo/Bullet payment on due date
57,50% (setara
Sukuk Mudharabah dengan 6,90%
Berkelanjutan IV Tahap per tahun/
I/Continuing Mudharabah equivalent to 17 Juli/ Pembayaran penuh pada saat jatuh
Bonds IV Phase I 2020 200.000 6.90% per year) July 2021 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan IV Tahap
II/Continuing
Mudharabah Bonds IV
Phase II
35,42% (setara
dengan 4,25%
per tahun/
equivalent to 3 Agustus/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2021 134.000 4.25% per year) August 2022 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
22
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan IV Tahap
II/Continuing
Mudharabah Bonds IV
Phase II
(lanjutan/continued)
45,83% (setara
dengan 5,50%
per tahun/
equivalent to 23 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2021 66.000 5.50% per year) July 2024 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan IV Tahap
III/Continuing
Mudharabah Bonds IV
Phase III
29,17% (setara
dengan 3,50%
per tahun/
equivalent to 2 April/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2022 153.000 3.50% per year) April 2023 tempo/Bullet payment on due date
46,67% (setara
dengan 5,60%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2022 49.000 5.60% per year) March 2025 tempo/Bullet payment on due date
52,08% (setara
dengan 6,25%
per tahun/
equivalent to 22 Maret/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2022 98.000 6.25% per year) March 2027 tempo/Bullet payment on due date
Sukuk Mudharabah
Berkelanjutan V Tahap
I/Continuing Mudharabah
Bonds V Phase I
45,83% (setara
dengan 5,50%
per tahun/
equivalent to 17 Juli/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 64.000 5.50% per year) July 2024 tempo/Bullet payment on due date
50,00% (setara
dengan 6,00%
per tahun/
equivalent to 7 Juli/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 141.000 6.00% per year) July 2026 tempo/Bullet payment on due date
52,08% (setara
dengan 6,25%
per tahun/
equivalent to 7 Juli/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 95.000 6.25% per year) July 2028 tempo/Bullet payment on due date
* Tidak diaudit *Unaudited
23
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Penawaran umum efek utang Perseroan (lanjutan) c. Public offering of the Company’s debt securities
(continued)
Rincian nisbah bagi hasil dan jatuh tempo masing- Details of revenue sharing ratio and due date of each
masing seri sukuk mudharabah yang diterbitkan adalah serial of mudharabah bonds issued are as follows:
sebagai berikut: (lanjutan) (continued)
Tahun
penerbitan/ Nisbah bagi hasil/
Sukuk mudharabah/ Year of Nilai nominal/ Revenue sharing Jatuh tempo/ Cicilan pokok sukuk mudharabah/
Mudharabah bonds issuance Nominal value ratio Due date Mudharabah bonds installment .
Sukuk Mudharabah
Berkelanjutan V Tahap
II/Continuing
Mudharabah Bonds V
Phase II
51,25% (setara
dengan 6,15%
per tahun/
equivalent to 19 November/ Pembayaran penuh pada saat jatuh
Seri A/Serial A 2023 251.170 6.15% per year) November 2024 tempo/Bullet payment on due date
54,17% (setara
dengan 6,50%
per tahun/
equivalent to 9 November/ Pembayaran penuh pada saat jatuh
Seri B/Serial B 2023 48.730 6.50% per year) November 2026 tempo/Bullet payment on due date
54,58% (setara
dengan 6,55%
per tahun/
equivalent to 9 November/ Pembayaran penuh pada saat jatuh
Seri C/Serial C 2023 100 6.55% per year) November 2028 tempo/Bullet payment on due date
Perseroan menerbitkan obligasi dan sukuk mudharabah The Company issued bonds and mudharabah bonds
dengan tujuan untuk membiayai kegiatan utama for the purpose of funding the Company’s main activity
Perseroan yaitu pembiayaan konsumen dan pembiayaan which is consumer financing and murabahah financing.
murabahah.
Perseroan dapat melakukan pembelian kembali (buy The Company can buy back part or all of the bonds
back) untuk sebagian atau seluruh obligasi yang issued under a condition that such action can only be
diterbitkan dengan ketentuan bahwa hal tersebut hanya conducted after the first anniversary since the issuance
dapat dilaksanakan setelah ulang tahun pertama sejak date.
tanggal emisi.
d. Dewan Komisaris dan Direksi d. Boards of Commissioners and Directors
Susunan Dewan Komisaris dan Direksi Perseroan pada The composition of the Company’s Boards of
tanggal 31 Desember 2023 adalah sebagai berikut: Commissioners and Directors as of 31 December 2023
are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Daisuke Ejima President Commissioner
Komisaris Independen Krisna Wijaya Independent Commissioner
Komisaris Independen Manggi Taruna Habir Independent Commissioner
Komisaris Eng Heng Nee Philip Commissioner
Komisaris Congsin Congcar Commissioner
Komisaris Hafid Hadeli Commissioner
Dewan Direksi Board of Directors
Direktur Utama I Dewa Made Susila President Director
Direktur Swandajani Gunadi Director
Direktur Niko Kurniawan Bonggowarsito Director
Direktur Harry Latif Director
Direktur Jin Yoshida Director
Direktur Denny Riza Farib Director
* Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris dan Direksi (lanjutan) d. Boards of Commissioners and Directors (continued)
Susunan Dewan Komisaris dan Direksi Perseroan pada The composition of the Company’s Boards of
tanggal 31 Desember 2022 adalah sebagai berikut: Commissioners and Directors as of 31 December 2022
are as follows:
Dewan Komisaris Board of Commissioners
Komisaris Utama Yasushi Itagaki President Commissioner
Komisaris Independen Krisna Wijaya Independent Commissioner
Komisaris Independen Manggi Taruna Habir Independent Commissioner
Komisaris Eng Heng Nee Philip Commissioner
Komisaris Congsin Congcar Commissioner
Komisaris Hafid Hadeli Commissioner
Dewan Direksi Board of Directors
Direktur Utama I Dewa Made Susila President Director
Direktur Swandajani Gunadi Director
Direktur Niko Kurniawan Bonggowarsito Director
Direktur Harry Latif Director
Direktur Jin Yoshida Director
e. Dewan Pengawas Syariah e. Sharia Supervisory Board
Susunan Dewan Pengawas Syariah pada tanggal The composition of the Sharia Supervisory Board
31 Desember 2023 dan 2022 adalah sebagai berikut: as of 31 December 2023 and 2022 are as follows:
Ketua Prof. Dr. H. Fathurrahman Djamil, MA Chairman
Anggota Dr. H. Noor Ahmad, MA Member
Anggota Dr. Rini Fatma Kartika, M.H Member
f. Komite Audit dan Pemantau Risiko f. Audit and Risk Monitoring Committee
Susunan Komite Audit pada tanggal 31 Desember 2023 The composition of the Audit Committee as of
dan 2022 adalah sebagai berikut: 31 December 2023 and 2022 are as follows:
Ketua Manggi Taruna Habir Chairman
Anggota Jusuf Sukiman Member
Anggota Restiana Ie Tjoe Linggadjaya Member
Susunan Komite Pemantau Risiko pada tanggal The composition of the Risk Monitoring Committee
31 Desember 2023 dan 2022 adalah sebagai berikut: as of 31 December 2023 and 2022 are as follows:
Ketua Krisna Wijaya Chairman
Anggota Manggi Taruna Habir Member
Anggota Rio Erriad Member
g. Berdasarkan Surat Keputusan Direksi Perseroan g. Based on Directors’ Decision Letter of the Company
No. 036/ADMF/BOD/X/17 tanggal 15 Oktober 2017, No. 036/ADMF/BOD/X/17 dated 15 October 2017, the
Sekretaris Perseroan pada tanggal 31 Desember 2023 Corporate Secretary as of 31 December 2023 and 2022
dan 2022 adalah Perry Barman Slangor. is Perry Barman Slangor.
h. Berdasarkan Surat Keputusan Bersama Direksi h. Based on Joint Decision Letter of the Board of Directors
dan Dewan Komisaris Perseroan No. and Commissioners of the Company
013/ADMF/BOD/VII/18 tanggal 11 Juli 2018, Kepala No. 013/ADMF/BOD/VII/18 dated 11 July 2018, the
Unit Audit Internal Perseroan pada tanggal Head of Internal Audit Unit as of 31 December 2023
31 Desember 2023 dan 2022 adalah Haryadwi Saputra and 2022 is Haryadwi Saputra Kartawidjaja.
Kartawidjaja.
i. Pada tanggal 31 Desember 2023 dan 2022, Perseroan i. As of 31 December 2023 and 2022, the Company has
mempunyai 14.719 dan 13.863 karyawan tetap; dan 14,719 and 13,863 permanent employees; and 2,518
2.518 dan 3.433 karyawan tidak tetap (tidak diaudit). and 3,433 non-permanent employees (unaudited).
* Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
j. Manajemen bertanggungjawab atas penyusunan j. Management is responsible for the preparation of the
laporan keuangan Perseroan yang diotorisasi untuk financial statements of the Company which were
terbit oleh Dewan Direksi pada tanggal 12 Februari authorised for issuance by the Board of Directors on
2024. 12 February 2024.
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL
Kebijakan akuntansi yang material, yang diterapkan dalam The material accounting policies, applied in the preparation
penyusunan laporan keuangan Perseroan pada tanggal of the Company’s financial statements as of and the years
dan untuk tahun yang berakhir 31 Desember 2023 dan ended 31 December 2023 and 2022 were as follows:
2022 adalah sebagai berikut:
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan pada tanggal 31 Desember 2023 The financial statements as of 31 December 2023 and
dan 2022 disusun dan disajikan sesuai dengan Standar 2022 are prepared and presented in accordance with
Akuntansi Keuangan di Indonesia yang diterbitkan oleh Indonesian Financial Accounting Standards as issued
Dewan Standar Akuntansi Keuangan (termasuk Dewan by the Financial Accounting Standards Board (including
Standar Akuntansi Syariah Indonesia) dan peraturan the Indonesia Sharia Accounting Standards Board) and
regulator Pasar Modal No. VIII.G.7 tentang “Penyajian the Capital Market Regulation No. VIII.G.7 regarding
dan Pengungkapan Laporan Keuangan Emiten atau “Issuer or Public Company’s Financial Statements
Perusahaan Publik”. Presentation and Disclosure Guidelines”.
b. Dasar penyusunan dan penyajian laporan b. Basis for preparation and presentation of the
keuangan financial statements
Laporan keuangan, kecuali laporan arus kas, disusun The financial statements, except the statement of cash
atas dasar akrual dan biaya historis, kecuali dinyatakan flows, were prepared on the accrual basis and the
khusus. historical cost basis, unless otherwise specified.
Laporan arus kas disusun dengan menggunakan The statement of cash flows are prepared based on the
metode langsung dengan mengelompokkan arus kas ke direct method by classifying cash flows on the basis of
dalam aktivitas operasi, investasi dan pendanaan. operating, investing and financing activities.
Seluruh angka dalam laporan keuangan ini dibulatkan Figures in the financial statements are rounded to and
menjadi dan disajikan dalam jutaan Rupiah yang expressed in millions of Rupiah, unless otherwise
terdekat, kecuali dinyatakan lain. stated.
Dalam penyusunan laporan keuangan sesuai dengan The preparation of the financial statements in conformity
Standar Akuntansi Keuangan di Indonesia, dibutuhkan with Indonesian Financial Accounting Standards
pertimbangan, estimasi dan asumsi yang requires the use of judgments, estimates and
mempengaruhi: assumptions that affect:
- penerapan kebijakan akuntansi; - the application of accounting policies;
- jumlah aset dan liabilitas yang dilaporkan, dan - the reported amounts of assets and liabilities and
pengungkapan atas aset dan liabilitas kontinjensi disclosure of contingent assets and liabilities at the
pada tanggal laporan keuangan; date of the financial statements;
- jumlah pendapatan dan beban yang dilaporkan - the reported amounts of income and
selama periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan pengetahuan Although these estimates are based on management’s
terbaik manajemen atas kejadian dan tindakan saat ini, best knowledge of current events and activities, actual
hasil aktual mungkin berbeda dengan jumlah yang results may differ from those estimates.
diestimasi semula.
* Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
b. Dasar penyusunan dan penyajian laporan b. Basis for preparation and presentation of the
keuangan (lanjutan) financial statements (continued)
Estimasi dan asumsi yang digunakan ditelaah secara Estimates and underlying assumptions are reviewed on
berkesinambungan. Revisi atas estimasi akuntansi an ongoing basis. Revisions to accounting estimates
diakui pada periode dimana estimasi tersebut direvisi are recognised in the period in which the estimate is
dan periode-periode yang akan datang yang revised and in any future periods affected.
dipengaruhi oleh revisi estimasi tersebut.
Secara khusus, informasi mengenai hal-hal penting In particular, information about material areas of
yang terkait dengan ketidakpastian estimasi dan estimation uncertainty and critical judgments in applying
pertimbangan penting dalam penerapan kebijakan accounting policies that have material effect on the
akuntansi yang memiliki dampak yang material amount recognised in the financial statements are
terhadap jumlah yang diakui dalam laporan keuangan described in Note 3.
dijelaskan dalam Catatan 3.
Mata uang penyajian yang digunakan dalam The presentation currency used in the financial
penyusunan laporan keuangan ini adalah mata uang statements is Rupiah, which is the functional currency.
Rupiah, yang merupakan mata uang fungsional.
c. Perubahan standar akuntansi c. Changes of accounting standard
Dewan Standar Akuntansi Keuangan (DSAK) dan Financial Accounting Standards Board (DSAK) and
Dewan Standar Akuntansi Syariah (DSAS) telah Sharia Accounting Standards Board (DSAS) have
menerbitkan standar baru, amandemen dan interpretasi issued the following new standards, amendments and
yang berlaku efektif pada tanggal 1 Januari 2023 interpretations which are effective as at 1 January 2023
sebagai berikut: as follows:
• Amandemen PSAK 1 "Penyajian Laporan • Amendment to SFAS 1 "Presentation of Financial
Keuangan" Statement”
• Amandemen PSAK 16 “Aset Tetap” • Amendment to SFAS 16 “Property, Plant and
Equipment"
• Amandemen PSAK 25 "Kebijakan Akuntansi, • Amandment to SFAS 25 “Accounting Policy,
Perubahan Estimasi Akuntansi, dan Kesalahan" Changes in Accounting Estimate, and Errors”
• Amandemen PSAK 46 "Pajak Penghasilan" • Amendment to SFAS 46 "Income Taxes"
• Amandemen PSAK 107 "Akuntansi Ijarah" • Amendment to SFAS 107 "Ijarah Accounting"
Implementasi dari standar-standar tersebut tidak The implementation of the above standards did not
menghasilkan perubahan kebijakan akuntansi result in changes to the Company’s accounting policies
Perseroan dan tidak memiliki dampak yang material and had no material impact on the amounts reported for
terhadap jumlah yang dilaporkan di tahun berjalan atau current year or prior year.
tahun sebelumnya.
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
d.1. Klasifikasi d.1. Classification
Perseroan mengklasifikasikan aset dan liabilitas The Company classifies the financial assets and
keuangan ke dalam klasifikasi berikut: liabilities into classes below:
Sub-golongan/
Kategori/Categories Golongan/Classes
Sub-classes
Kas dan kas di
bank/Cash on hand Kas di bank/Cash in banks
and in banks
Aset
Aset keuangan yang diukur dengan biaya
keuangan/ Piutang pembiayaan konsumen/Consumer financing receivables
perolehan diamortisasi/Financial assets
Financial
measured at amortised cost Piutang pembiayaan murabahah/Murabahah financing
assets
receivables
Piutang sewa pembiayaan/Finance lease receivables
* Tidak diaudit *Unaudited
27
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.1. Klasifikasi (lanjutan) d.1. Classification (continued)
Perseroan mengklasifikasikan aset dan liabilitas The Company classifies the financial assets and
keuangan ke dalam klasifikasi berikut: (lanjutan) liabilities into classes below: (continued)
Sub-golongan/
Kategori/Categories Golongan/Classes
Sub-classes
Piutang karyawan/Employee
receivables
Aset keuangan yang diukur dengan biaya
Piutang lain- Piutang komisi asuransi/Insurance
perolehan diamortisasi/Financial assets
lain/Other receivables commission receivables
measured at amortised cost
Aset Piutang klaim asuransi/Insurance
keuangan/ claims receivables
Financial
assets Investasi dalam saham/Investment in shares
Aset keuangan yang diukur dengan nilai
Instrumen lindung
wajar melalui penghasilan komprehensif Aset derivatif - lindung nilai atas arus
nilai atas arus
lain/Financial assets measured at fair value kas (lihat Catatan 2i)/Derivatives
kas/Hedging
through other comprehensive income assets - hedging instruments in cash
instruments in cash
flow hedges (see Note 2i)
flow hedges
Pinjaman yang diterima/Borrowings
Bunga yang masih harus
dibayar/Accrued interest
Beban yang masih Bagi hasil sukuk mudharabah yang
harus dibayar/ masih harus dibayar/Accrued revenue
Accrued expenses sharing for mudharabah bonds
Liabilitas keuangan yang diukur dengan Marjin mudharabah yang masih harus
biaya perolehan diamortisasi/Financial dibayar/Accrued mudharabah margin
Liabilitas liabilities measured at amortised cost
keuangan/ Utang obligasi/Bonds payable
Financial Utang kepada dealer/Payable to
liabilities dealers
Utang lain-lain/Other
payables Utang premi asuransi/Insurance
premium payables
Sukuk mudharabah/Mudharabah bonds
Instrumen lindung
Liabilitas keuangan yang diukur dengan nilai Liabilitas derivatif - lindung nilai atas
nilai atas arus
wajar melalui penghasilan komprehensif arus kas (lihat Catatan 2i)/Derivatives
kas/Hedging
lain/Financial liabilities measured at fair liabilities - hedging instruments in
instruments in cash
value through other comprehensive income cash flow hedges (see Note 2i)
flow hedges
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these categories
tersebut di atas berdasarkan model bisnis dimana based on the business model within which they are
aset keuangan tersebut dimiliki, dan karakteristik arus held, and their contractual cash flow characteristics.
kas kontraktualnya. Model bisnis merefleksikan The business model reflects how groups of financial
bagaimana kelompok aset keuangan dikelola untuk assets are managed to achieve a particular business
mencapai tujuan bisnis tertentu. objective.
* Tidak diaudit *Unaudited
28
534
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 539
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.1. Klasifikasi (lanjutan) d.1. Classification (continued)
Aset keuangan hanya dapat dikategorikan sebagai Financial assets can only be classified at amortized
biaya perolehan diamortisasi jika instrumen dimiliki cost if the instruments are held in order to collect the
dalam rangka mendapatkan arus kas kontraktual contractual cash flows (“hold to collect”), and where
(“hold to collect”), dan dimana arus kas kontraktual those contractual cash flows are solely payments of
tersebut semata dari pembayaran pokok dan bunga principal and interest (SPPI). ‘Principal’ is defined as
(SPPI). ‘Pokok’ didefinisikan sebagai nilai wajar the fair value of the financial asset on initial
dari aset keuangan pada pengakuan awal. ‘Bunga’ recognition. ‘Interest’ is defined as consideration
didefinisikan sebagai: for:
- imbalan untuk nilai waktu atas uang; - the time value of money;
- risiko kredit yang terkait dengan jumlah pokok - credit risk associated with the principal amount
yang terutang selama periode waktu tertentu; outstanding during a particular period of time;
- risiko dan biaya pinjaman dasar lainnya - other basic lending risks and costs (e.g. liquidity
(misalnya risiko likuiditas dan biaya risk and administrative costs); and
administrasi); dan
- marjin keuntungan. - profit margin.
Dalam menilai apakah arus kas kontraktual adalah In assessing whether the contractual cash flows are
SPPI, Perseroan mempertimbangkan ketentuan SPPI, the Company considers the contractual terms
kontraktual instrumen tersebut. Hal ini termasuk of the instrument. This includes assessing whether
menilai apakah aset keuangan mengandung the financial asset contains a contractual term that
ketentuan kontraktual yang dapat mengubah waktu could change the timing or amount of contractual
atau jumlah arus kas kontraktual sehingga tidak cash flows such that it would not meet this
memenuhi kondisi ini. Dalam melakukan penilaian, condition. In making the assessment, the Company
Perseroan mempertimbangkan ketentuan considers prepayment and extension terms.
percepatan perlunasan dan perpanjangan.
d.2. Pengakuan d.2. Recognition
Perseroan pada awalnya mengakui aset keuangan The Company initially recognises financial assets
dan liabilitas keuangan pada tanggal perolehan. and financial liabilities on the date of origination.
Perseroan menggunakan akuntansi tanggal The Company uses settlement date accounting
penyelesaian ketika mencatat transaksi aset when recording financial assets transactions.
keuangan.
Pada saat pengakuan awal, aset keuangan atau At initial recognition, the Company’s financial
liabilitas keuangan Perseroan diukur pada nilai assets or financial liabilities are measured at fair
wajar ditambah/dikurangi biaya transaksi yang values plus/minus transaction costs that are directly
dapat diatribusikan secara langsung atas attributable to the acquisition of financial assets or
perolehan aset keuangan atau penerbitan liabilitas issuance of financial liabilities. The subsequent
keuangan. Pengukuran aset keuangan dan measurement of financial assets and financial
liabilitas keuangan setelah pengakuan awal liabilities depends on their classification.
tergantung pada klasifikasi aset keuangan dan
liabilitas keuangan tersebut.
* Tidak diaudit *Unaudited
29
535
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 540
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.2. Pengakuan (lanjutan) d.2. Recognition (continued)
Biaya transaksi hanya meliputi biaya-biaya yang Transaction costs include only those costs that are
dapat diatribusikan secara langsung untuk directly attributable to the acquisition of a financial
perolehan suatu aset keuangan atau penerbitan asset or issuance of a financial liability and they are
suatu liabilitas keuangan dan merupakan biaya incremental costs that would not have been
tambahan yang tidak akan terjadi apabila incurred if the instrument had not been acquired or
instrumen keuangan tersebut tidak diperoleh atau issued. In the case of financial assets, transaction
diterbitkan. Untuk aset keuangan, biaya transaksi costs are added to the amount recognised initially,
ditambahkan pada jumlah yang diakui pada awal while for financial liabilities, transaction costs are
pengakuan aset, sedangkan untuk liabilitas deducted from the amount of debt recognised
keuangan, biaya transaksi dikurangkan dari jumlah initially. Such transaction costs are amortised over
utang yang diakui pada awal pengakuan the terms of the instruments based on the effective
kewajiban. Biaya transaksi tersebut diamortisasi interest method and are recorded as part of
selama umur instrumen berdasarkan metode suku consumer financing, murabahah margin and
bunga efektif dan dicatat sebagai bagian dari finance leases income for transaction costs related
pendapatan pembiayaan konsumen, marjin to financial assets and as part of interest expenses
murabahah dan sewa pembiayaan untuk biaya for transaction costs related to financial liabilities.
transaksi sehubungan dengan aset keuangan dan
sebagai bagian dari beban bunga untuk biaya
transaksi sehubungan dengan liabilitas keuangan.
Setelah pengakuan awal, aset keuangan yang Subsequent to initial recognition, financial assets
diklasifikasikan sebagai biaya perolehan classified as amortised cost are measured at
diamortisasi dicatat sebesar biaya perolehan amortised cost (see Note 2d.5) using the effective
diamortisasi (lihat Catatan 2d.5) dengan interest method. While financial assets measured
menggunakan metode suku bunga efektif. at fair value through other comprehensive income
Sedangkan aset keuangan yang diukur pada nilai are measured at fair value.
wajar melalui penghasilan komprehensif lain
dicatat sebesar nilai wajar.
Setelah pengakuan awal, liabilitas keuangan Subsequent to initial recognition, financial liabilities
dicatat pada biaya perolehan diamortisasi (lihat are measured at amortised cost (see Note 2d.5)
Catatan 2d.5) dengan menggunakan metode suku using the effective interest method.
bunga efektif.
d.3. Penghentian pengakuan d.3. Derecognition
Perseroan menghentikan pengakuan aset The Company derecognises a financial asset when
keuangan pada saat hak kontraktual atas arus kas the contractual rights to the cash flows from the
yang berasal dari aset keuangan tersebut asset expire, or when the Company transfers the
kadaluwarsa, atau pada saat Perseroan rights to receive the contractual cash flows on the
mentransfer seluruh hak untuk menerima arus kas financial asset in a transaction in which
kontraktual dari aset keuangan dalam transaksi substantially all the risks and rewards of ownership
dimana Perseroan secara substansial telah of the financial asset are transferred. Any rights and
mentransfer seluruh risiko dan manfaat atas obligations in transferred financial assets that are
kepemilikan aset keuangan yang ditransfer. Setiap created or retained by the Company are recognised
hak atau kewajiban atas aset keuangan yang as a separate asset or liability.
ditransfer yang timbul atau yang masih dimiliki oleh
Perseroan diakui sebagai aset atau liabilitas secara
terpisah.
Perseroan menghentikan pengakuan liabilitas The Company derecognises a financial liability
keuangan pada saat kewajiban yang ditetapkan when its contractual obligations are discharged or
dalam kontrak dilepaskan atau dibatalkan atau cancelled or expired.
kadaluwarsa.
* Tidak diaudit *Unaudited
30
536
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 541
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.3. Penghentian pengakuan (lanjutan) d.3. Derecognition (continued)
Dalam transaksi dimana Perseroan secara In transactions where the Company neither retains
substansial tidak memiliki atau tidak mentransfer nor transfers substantially all the risks and rewards
seluruh risiko dan manfaat atas kepemilikan aset of ownership of a financial asset, the Company
keuangan, Perseroan menghentikan pengakuan derecognises the asset if it does not retain control
aset tersebut jika Perseroan tidak lagi memiliki over the asset. The rights and obligations retained
pengendalian atas aset tersebut. Hak dan in the transfer are recognised separately as assets
kewajiban yang timbul atau yang masih dimiliki and liabilities as appropriate. In transfers where
dalam transfer tersebut diakui secara terpisah control over the asset is retained, the Company
sebagai aset atau liabilitas. Dalam transfer dimana continues to recognise the asset to the extent of its
pengendalian atas aset masih dimiliki, Perseroan continuing involvement, determined by the extent to
tetap mengakui aset yang ditransfer tersebut which it is exposed to changes in the value of the
sebesar keterlibatan berkelanjutan, yang transferred asset.
ditentukan oleh besarnya perubahan nilai aset
yang ditransfer.
Perseroan menghapuskan aset keuangan ketika The Company writes off a financial asset when
ada informasi yang menunjukkan bahwa tidak ada there is information indicating that there is no
prospek pemulihan yang realistis atas aset realistic prospect of recovery, e.g. consumer
keuangan tersebut, contoh saldo piutang financing receivable, murabahah financing
pembiayaan konsumen, piutang pembiayaan receivables and finance lease receivables are over
murabahah dan piutang sewa pembiayaan yang 180 days past due, since it is considered there is
telah menunggak lebih dari 180 hari, karena no realistic prospect of recovery and uncollectible.
dianggap tidak ada prospek pemulihan yang The Company continues to collect the written off
realistis dan tidak dapat ditagih lagi. Perseroan financial asset align with the applicable law. Any
tetap melakukan usaha penagihan aset keuangan recoveries made are recognized in profit or loss.
yang telah dihapuskan sesuai dengan hukum yang
berlaku. Setiap pemulihan yang terjadi diakui
dalam laba rugi.
d.4. Saling hapus d.4. Offsetting
Aset keuangan dan liabilitas keuangan saling Financial assets and financial liabilities shall be
hapus dan nilai netonya disajikan dalam laporan offset and the net amount is presented in the
posisi keuangan jika, dan hanya jika, Perseroan statement of financial position when and only
memiliki hak yang berkekuatan hukum untuk when, the Company has a legally enforceable right
melakukan saling hapus atas jumlah yang telah to set off the amounts and intends either to settle
diakui tersebut dan berniat untuk menyelesaikan on a net basis or to realise the asset and settle the
secara neto atau untuk merealisasikan aset dan liability simultaneously. The legally enforceable
menyelesaikan liabilitasnya secara simultan. Hak right must not be contingent on future events and
yang berkekuatan hukum bukan bersifat kontinjen must be enforceable in the normal course of
untuk suatu peristiwa dimasa depan dan harus business and in the event of default, insolvency or
dapat dipaksakan secara hukum baik dalam situasi bankruptcy of the Company or the counterparty.
bisnis yang normal, atau dalam peristiwa gagal
bayar, atau peristiwa kepailitan, atau kebangkrutan
dari Perseroan atau pihak lawan.
Pendapatan dan beban disajikan dalam jumlah Income and expense are presented on a net basis
neto hanya jika diperkenankan oleh standar only when permitted by accounting standards.
akuntansi.
d.5. Pengukuran biaya perolehan diamortisasi d.5. Amortised cost measurement
Biaya perolehan diamortisasi dari aset keuangan The amortised cost of a financial asset or financial
atau liabilitas keuangan adalah jumlah aset atau liability is the amount at which the financial asset or
liabilitas keuangan yang diukur pada saat liability is measured at initial recognition, minus
pengakuan awal dikurangi pembayaran pokok, principal repayments, plus or minus the cumulative
ditambah atau dikurangi dengan amortisasi amortisation using the effective interest method of
kumulatif dengan menggunakan metode suku any difference between the initial amount and the
bunga efektif yang dihitung dari selisih antara nilai maturity amount, minus any reduction for
awal dan nilai jatuh temponya, dikurangi impairment.
penyisihan kerugian penurunan nilai.
* Tidak diaudit *Unaudited
31
537
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 542
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.5. Pengukuran biaya perolehan diamortisasi d.5. Amortised cost measurement (continued)
(lanjutan)
Suku bunga efektif adalah suku bunga yang secara The effective interest rate is the rate that exactly
tepat mendiskontokan estimasi pembayaran dan discounts the estimated future cash payments and
penerimaan kas di masa datang selama perkiraan receipts through the expected life of the financial
umur dari aset keuangan atau liabilitas keuangan asset or financial liability (or, where appropriate, a
(atau, jika lebih tepat, digunakan periode yang lebih shorter period) to the carrying amount of the
singkat) untuk memperoleh nilai tercatat dari aset financial asset or financial liability. When
keuangan atau liabilitas keuangan. Pada saat calculating the effective interest rate, the Company
menghitung suku bunga efektif, Perseroan estimates future cash flows considering all
mengestimasi arus kas di masa datang dengan contractual terms of the financial instrument, but
mempertimbangkan seluruh persyaratan not future credit losses.
kontraktual dalam instrumen keuangan tersebut,
tetapi tidak mempertimbangkan kerugian di masa
mendatang.
Perhitungan suku bunga efektif mencakup seluruh The calculation of the effective interest rate
fees dan costs yang diterima atau dibayarkan yang includes all fees and costs received or paid that
merupakan bagian tak terpisahkan dari suku bunga are an integral part of the effective interest rate,
efektif, termasuk biaya transaksi. including transaction costs.
d.6. Pengukuran nilai wajar d.6. Fair value measurement
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to sell
menjual suatu aset atau harga yang akan dibayar an asset or paid to transfer a liability in an orderly
untuk mengalihkan suatu liabilitas dalam transaksi transaction between market participants at the
teratur (orderly transaction) antara pelaku pasar measurement date in the principal market or, in its
(market participants) pada tanggal pengukuran di absence, the most advantageous market to which
pasar utama atau, jika tidak terdapat pasar utama, the Company has access at that date. The fair
di pasar yang paling menguntungkan dimana value of a liability reflects its non-performance risk.
Perseroan memiliki akses pada tanggal tersebut.
Nilai wajar liabilitas mencerminkan risiko
wanprestasinya.
Jika tersedia, Perseroan mengukur nilai wajar When available, the Company measures the fair
instrumen keuangan dengan menggunakan harga value of an instrument using quoted prices in an
kuotasi di pasar aktif untuk instrumen tersebut. active market for that instrument. A market is
Suatu pasar dianggap aktif jika harga kuotasi regarded as active if quoted prices are readily and
sewaktu-waktu dan secara berkala tersedia dan regularly available and represent actual and
mencerminkan transaksi pasar yang aktual dan regularly occurring market transactions on an
rutin dalam suatu transaksi yang wajar. arm's length basis.
* Tidak diaudit *Unaudited
32
538
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 543
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.6. Pengukuran nilai wajar (lanjutan) d.6. Fair value measurement (continued)
Jika pasar untuk suatu instrumen keuangan tidak If a market for a financial instrument is not active,
aktif, Perseroan menentukan nilai wajar dengan the Company establishes fair value using
menggunakan teknik penilaian. Teknik penilaian a valuation technique. Valuation techniques
mencakup penggunaan transaksi pasar terkini yang include using recent arm's length transactions
dilakukan secara wajar oleh pihak-pihak yang between knowledgeable and willing parties, and if
memahami, berkeinginan, dan jika tersedia, available, reference to the current fair value of
referensi atas nilai wajar terkini dari instrumen lain other instruments that are substantially the same,
yang secara substansial sama, penggunaan analisa discounted cash flows analysis and option pricing
arus kas yang didiskonto dan penggunaan model models. The chosen valuation technique makes
penetapan harga opsi (option pricing model). Teknik maximum use of market inputs, relies as little as
penilaian yang dipilih memaksimalkan penggunaan possible on estimates specific to the Company,
input pasar, dan meminimalkan penggunaan incorporates all factors that market participants
taksiran yang bersifat spesifik dari Perseroan, would consider in setting a price, and is consistent
memasukkan semua faktor yang akan with accepted economic methodologies for pricing
dipertimbangkan oleh para pelaku pasar dalam financial instruments. Inputs to valuation
menetapkan suatu harga dan konsisten dengan techniques reasonably represent market
metodologi ekonomi yang diterima dalam expectations and measures of the risk-return
penetapan harga instrumen keuangan. Input yang factors inherent in the financial instrument. The
digunakan dalam teknik penilaian secara memadai Company calibrates valuation techniques and tests
mencerminkan ekspektasi pasar dan ukuran atas them for validity using prices from observable
faktor risiko dan pengembalian (risk-return) yang current market transactions in the same instrument
melekat pada instrumen keuangan. Perseroan or based on other available observable market
mengkalibrasi teknik penilaian dan menguji data.
validitasnya dengan menggunakan harga-harga dari
transaksi pasar terkini yang dapat diobservasi untuk
instrumen yang sama atau atas dasar data pasar
lainnya yang tersedia yang dapat diobservasi.
Bukti terbaik atas nilai wajar instrumen keuangan The best evidence of the fair value of a financial
pada saat pengakuan awal adalah harga transaksi, instrument at initial recognition is the transaction
yaitu nilai wajar dari pembayaran yang diberikan price, i.e., the fair value of the consideration given
atau diterima, kecuali jika nilai wajar dari instrumen or received, unless the fair value of that instrument
keuangan tersebut ditentukan dengan is evidenced by comparison with the other
perbandingan dengan transaksi pasar terkini yang observable current market transactions in the same
dapat diobservasi dari suatu instrumen yang sama instrument (i.e., without modification or
(yaitu tanpa modifikasi atau pengemasan ulang), repackaging), or based on a valuation technique
atau berdasarkan suatu teknik penilaian yang whose variables include only data from observable
variabelnya hanya menggunakan data dari pasar markets. When transaction price provides the best
yang dapat diobservasi. Jika harga transaksi evidence of fair value at initial recognition, the
memberikan bukti terbaik atas nilai wajar pada saat financial instrument is initially measured at the
pengakuan awal, maka instrumen keuangan pada transaction price and any difference between this
awalnya diukur pada harga transaksi dan selisih price and the value initially obtained from a
antara harga transaksi dan nilai yang sebelumnya valuation model is subsequently recognised in the
diperoleh dari model penilaian diakui dalam laporan statement of profit or loss depending on the
laba rugi setelah pengakuan awal tergantung pada individual facts and circumstances of the
masing-masing fakta dan keadaaan dari transaksi transaction but not later than when the valuation is
tersebut namun tidak lebih lambat dari saat supported wholly by observable market data or the
penilaian tersebut didukung sepenuhnya oleh data transaction is closed out.
pasar yang dapat diobservasi atau saat transaksi
ditutup.
* Tidak diaudit *Unaudited
33
539
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 544
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
d.6. Pengukuran nilai wajar (lanjutan) d.6. Fair value measurement (continued)
Nilai wajar mencerminkan risiko kredit atas Fair values reflect the credit risk of the financial
instrumen keuangan dan termasuk penyesuaian instruments and include adjustments to take into
yang dilakukan untuk memasukkan risiko kredit account the credit risk of the Company and
Perseroan dan pihak lawan, mana yang lebih counterparty where appropriate. Fair value
sesuai. Taksiran nilai wajar yang diperoleh dari estimates obtained from models are adjusted for
model penilaian akan disesuaikan untuk any other factors, such as liquidity risk or valuation
mempertimbangkan faktor-faktor lainnya, seperti model uncertainties, to the extent that the Company
risiko likuiditas atau ketidakpastian model penilaian, believes a third-party market participation would
sepanjang Perseroan yakin bahwa keterlibatan take them into account in pricing a transaction.
suatu pasar pihak ketiga akan mempertimbangkan
faktor-faktor tersebut dalam penetapan harga suatu
transaksi.
Perseroan mengukur nilai wajar untuk instrumen The Company measures fair value for financial
keuangan yang diakui pada nilai wajar dengan instrument recognised at fair values using the
menggunakan tingkat hirarki berikut ini: following hierarchy level:
- Tingkat 1: Harga kuotasi di pasar yang aktif - Level 1: Quoted market price in an active
untuk instrumen keuangan yang sejenis, market for an identical instrument,
- Tingkat 2: Teknik penilaian berdasarkan input - Level 2: Valuation techniques based on
yang dapat diobservasi, observable inputs,
- Tingkat 3: Teknik penilaian menggunakan input - Level 3: Valuation techniques using significant
signifikan yang tidak dapat diobservasi. unobservable inputs.
e. Kas dan kas di bank e. Cash on hand and in banks
Kas dan kas di bank terdiri dari kas, kas di bank dan Cash on hand and in banks consists of cash on hand,
deposito berjangka yang jatuh tempo dalam waktu cash in banks and time deposits with a maturity period
3 bulan atau kurang sejak tanggal penempatan, of 3 months or less since the date of placement, as long
sepanjang deposito berjangka tersebut tidak digunakan as these time deposits are not pledged as collaterals for
sebagai jaminan atas pinjaman yang diterima, serta borrowings nor restricted.
tidak dibatasi penggunaannya.
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah dan piutang sewa financing receivables and finance lease receivables
pembiayaan
f.1. Piutang pembiayaan konsumen f.1. Consumer financing receivables
Piutang pembiayaan konsumen diklasifikasikan Consumer financing receivables are classified as
sebagai aset keuangan yang diukur dengan biaya financial assets measured at amortised cost, and
perolehan diamortisasi, dan setelah pengakuan subsequent to initial recognition, are carried at
awal, dicatat pada biaya perolehan diamortisasi amortised cost using the effective interest method
dengan menggunakan metode suku bunga efektif (see Note 2d.5).
(lihat Catatan 2d.5).
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income represents
diakui merupakan selisih antara jumlah the difference between total installments to be
keseluruhan pembayaran angsuran yang akan received from the consumer and the principal
diterima dari konsumen dan jumlah pokok amount financed, which is recognised as income
pembiayaan, yang diakui sebagai pendapatan over the term of the contract based on effective
selama jangka waktu kontrak berdasarkan tingkat interest rate of the related consumer financing
suku bunga efektif dari piutang pembiayaan receivable.
konsumen.
Penyelesaian kontrak sebelum masa pembiayaan Early termination of a contract is treated as
konsumen berakhir diperlakukan sebagai a cancellation of an existing contract and the
pembatalan kontrak pembiayaan konsumen dan resulting gain, if any, is recognised in the current
jika terdapat, keuntungan yang timbul diakui dalam year profit or loss.
laba rugi tahun berjalan.
* Tidak diaudit *Unaudited
34
540
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 545
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah dan piutang sewa financing receivables and finance lease receivables
pembiayaan (lanjutan) (continued)
f.1. Piutang pembiayaan konsumen (lanjutan) f.1. Consumer financing receivables (continued)
Piutang pembiayaan konsumen akan Consumer financing receivables will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
Restrukturisasi pembiayaan konsumen berupa Restructuring of consumer financing is a non
modifikasi persyaratan kredit non substantial yang substantial modification of the terms of the loans
tidak menghasilkan penghentian pengakuan. which does not result in derecognition.
Pembiayaan yang direstrukturisasi disajikan Restructured financing are stated at present value
sebesar nilai kini atas arus kas kontraktual setelah of discounted contractual cash flows after
restrukturisasi yang didiskontokan menggunakan restructuring using initial effective interest rate.
suku bunga efektif awal. Selisih antara jumlah Differences arising from the gross carrying value of
tercatat bruto piutang pembiayaan konsumen pada the consumer financing receivables at the time of
tanggal restrukturisasi dengan nilai kini arus kas restructuring with present value of contractual cash
kontraktual setelah restrukturisasi diakui dalam flows after restructuring are recognized to profit or
laba rugi. loss.
Fee dan biaya yang timbul dari restrukturisasi Fee and cost arising from the restructuring adjust
menyesuaikan nilai tercatat bruto setelah the gross carrying amount after modification and
modifikasi dan diamortisasi sepanjang sisa tenor. amortised along remaining tenor.
Setelah restrukturisasi, seluruh arus kas Thereafter, all the contractual cash flows under the
kontraktual dalam persyaratan baru dicatat sebagai new terms shall be accounted for as the repayment
pengembalian pokok pembiayaan yang diberikan of principal and interest income, in accordance with
dan pendapatan bunga sesuai dengan syarat- the restructuring scheme.
syarat restrukturisasi.
f.2. Piutang pembiayaan murabahah f.2. Murabahah financing receivables
Kontrak murabahah adalah akad jual-beli barang Murabahah contract is sell-buy goods contract with
dengan harga jual sebesar biaya perolehan selling price amounting to acquisition cost plus
ditambah keuntungan yang disepakati dan agreed margin, and the Company must disclose the
Perseroan harus mengungkapkan biaya perolehan acquisition cost to consumer. When the murabahah
barang tersebut kepada konsumen. Pada saat akad contract is signed, murabahah financing
murabahah, piutang pembiayaan murabahah diakui receivables are recognised at acquisition cost plus
sebesar biaya perolehan ditambah keuntungan agreed margin. Murabahah margin is recognised
(marjin). Keuntungan murabahah diakui selama over the year of the contract based on margin of the
tahun akad berdasarkan pengakuan marjin dari murabahah financing receivables.
piutang pembiayaan murabahah.
Akad murabahah secara substansi merupakan Substantially, murabahah contract is a financing
suatu pembiayaan, sehingga pengakuan marjin transaction, so that margin recognition is based on
dilakukan berdasarkan standar yang mengatur standards which regulate financing transaction, as
pembiayaan, seperti yang disebutkan di kebijakan mentioned in consumer financing policy.
pembiayaan konsumen.
Piutang pembiayaan murabahah akan Murabahah financing receivables will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
* Tidak diaudit *Unaudited
35
541
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 546
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah dan piutang sewa financing receivables and finance lease receivables
pembiayaan (lanjutan) (continued)
f.2. Piutang pembiayaan murabahah (lanjutan) f.2. Murabahah financing receivables (continued)
Dalam hal restrukturisasi piutang pembiayaan In term of restructuring of murabahah financing
murabahah dilakukan dengan modifikasi receivables through non substantial modification of
persyaratan pembiayaan non substansial yang financing terms which does not result in
tidak menghasilkan penghentian pengakuan, derecognition, the Company provides payment
Perseroan memberikan masa cuti angsuran dan holiday and tenor extention to the consumer but
pengunduran jatuh tempo kepada konsumen did not change the outstanding of murabahah
namun tidak mengubah total sisa piutang financing receivables (both principal and margin)
pembiayaan murabahah (baik pokok maupun that have to be paid by the consumer. The
margin) yang harus dibayarkan oleh konsumen. Company records the impact from restructuring
Perseroan mencatat dampak restrukturisasi prospectively, by not recognising the amortisation
tersebut secara prospektif, dengan tidak mengakui of margin and amortisation of acquisition costs
amortisasi marjin serta amortisasi biaya perolehan during the payment holiday. Margin income after
pada saat cuti angsuran. Pendapatan marjin restructuring will be recognised at the margin
setelah restrukturisasi akan diakui sebesar jumlah amount stated under the new financing terms
marjin yang ditentukan dalam persyaratan which did not change the outstanding receivables.
pembiayaan baru yang tidak mengubah total sisa
piutang.
f.3. Piutang sewa pembiayaan (Perseroan sebagai f.3. Finance lease receivables (the Company as a
pesewa) lessor)
Pembiayaan sewa Perseroan meliputi piutang sewa The Company’s lease financing consists of finance
pembiayaan - konvensional dan Ijarah Muntahiyah lease receivables - conventional and Ijarah
Bittamlik (“IMBT”) - syariah. Muntahiyah Bittamlik (“IMBT”) - sharia.
Pembiayaan sewa - konvensional Finance lease - conventional
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement is, or
perjanjian sewa atau perjanjian yang mengandung contains a lease is based on the substance of the
sewa didasarkan atas substansi perjanjian pada arrangement at inception date and whether the
tanggal awal sewa dan apakah pemenuhan fulfillment of the arrangement is dependent on the
perjanjian tergantung pada penggunaan suatu aset use of a specific asset and the arrangement
dan perjanjian tersebut memberikan suatu hak conveys a right to use the asset. Leases are
untuk menggunakan aset tersebut. Suatu sewa classified as finance leases if the leases transfer
diklasifikasikan sebagai sewa pembiayaan jika substantially all the risks and rewards incidental to
sewa tersebut mengalihkan secara substansial ownership of the leased assets. Leases are
seluruh risiko dan manfaat yang terkait dengan classified as operating leases if the leases do not
kepemilikan aset. Suatu sewa diklasifikasikan transfer substantially all the risks and rewards
sebagai sewa operasi jika sewa tidak mengalihkan incidental to ownership of the leased assets.
secara substansial seluruh risiko dan manfaat yang
terkait dengan kepemilikan aset.
Perseroan mengakui aset berupa piutang sewa The Company recognised assets of financial lease
pembiayaan sebesar jumlah yang sama dengan receivable at an amount equal to the net investment
investasi sewa neto. Penerimaan piutang sewa in the lease. Lease payment is treated as
diperlakukan sebagai pembayaran pokok dan repayment of principal and finance lease income.
penghasilan sewa pembiayaan. Pengakuan The recognition of finance lease income is based
penghasilan sewa pembiayaan didasarkan pada on a pattern reflecting a constant periodic rate of
return on the Company’s net investment in the
suatu pola yang mencerminkan suatu tingkat
finance lease.
pengembalian periodik yang konstan atas investasi
neto.
Piutang sewa pembiayaan akan dihapusbukukan Finance lease receivables will be written-off when
setelah menunggak lebih dari 180 hari. Penerimaan they are overdue for more than 180 days.
dari piutang yang telah dihapusbukukan diakui Recoveries from written-off receivables are
sebagai pendapatan lain-lain pada saat diterima. recognised as other income upon receipt.
* Tidak diaudit *Unaudited
36
542
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 547
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
f. Piutang pembiayaan konsumen, piutang f. Consumer financing receivables, murabahah
pembiayaan murabahah dan piutang sewa financing receivables and finance lease receivables
pembiayaan (lanjutan) (continued)
f.3. Piutang sewa pembiayaan (Perseroan sebagai f.3. Finance lease receivables (the Company as a
pesewa) (lanjutan) lessor) (continued)
IMBT - syariah IMBT - sharia
Perseroan mengakui aset IMBT sebesar harga The Company recognises IMBT asset at cost to
perolehan aset IMBT pada saat akad IMBT. acquire IMBT Assets when the IMBT contract is
Setelah pengakuan awal, pokok aset IMBT signed. After initial recognition, principal IMBT
diamortisasi secara garis lurus sepanjang masa asset is amortised on a straight-line basis over the
sewa. lease term.
Pengakuan penghasilan IMBT neto sebesar The recognition of IMBT income, net is based on
angsuran IMBT dikurangi dengan amortisasi pokok installment of IMBT less the amortisation of
aset IMBT. principal IMBT asset.
Aset terkait pembiayaan IMBT akan Asset related to IMBT financing will be written-off
dihapusbukukan setelah menunggak lebih dari 180 when they are overdue for more than 180 days.
hari. Penerimaan dari piutang yang telah Recoveries from written-off receivables are
dihapusbukukan diakui sebagai pendapatan lain- recognised as other income upon receipt.
lain pada saat diterima.
g. Pembiayaan bersama g. Joint financing
Dalam pembiayaan bersama antara Perseroan dan In joint financing arrangements between the Company
penyedia fasilitas pembiayaan bersama, Perseroan and the joint financing facility provider, the Company
berhak menentukan tingkat bunga/marjin yang lebih has the right to set higher interest rates/margin to
tinggi kepada konsumen dibandingkan tingkat consumer than the interest rates/margin stated in the
bunga/marjin yang ditetapkan dalam perjanjian joint financing agreement with the joint financing facility
pembiayaan bersama dengan penyedia fasilitas provider.
pembiayaan bersama.
Seluruh kontrak pembiayaan bersama yang dilakukan All joint financing contracts entered by the Company
oleh Perseroan merupakan pembiayaan bersama tanpa are joint financing without recourse in which only the
tanggung renteng (without recourse) dimana hanya Company’s financing portion of the total installments is
porsi jumlah angsuran piutang yang dibiayai Perseroan recorded as consumer financing receivables and
yang dicatat sebagai piutang pembiayaan konsumen murabahah financing receivables in the statement of
dan piutang pembiayaan murabahah di laporan posisi financial position (net approach). Consumer financing
keuangan (pendekatan neto). Pendapatan pembiayaan income and murabahah margin income is presented in
konsumen dan pendapatan marjin murabahah disajikan the statement of profit or loss after deducting the
di laporan laba rugi setelah dikurangi dengan bagian portions which belong to other parties participating to
yang merupakan hak pihak-pihak lain yang these joint financing transactions. The cash flows from
berpartisipasi pada transaksi pembiayaan bersama joint financing arrangement are presented at gross in
tersebut. Arus kas dari pembiayaan bersama disajikan the statement of cash flows.
secara bruto di laporan arus kas.
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
h.1. Aset keuangan h.1. Financial assets
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan lease receivables
Secara garis besar Perseroan mengukur Overall, the Company measures the loss
penyisihan kerugian aset keuangan sejumlah allowance of financial asset based on expected
kerugian kredit ekspektasian (“ECL”). Jika pada credit losses (“ECL”). If at the reporting date, the
tanggal pelaporan, risiko kredit atas aset keuangan credit risk of the financial assets has not increased
tidak meningkat secara signifikan sejak pengakuan significantly since the initial recognition, the
awal, maka Perseroan akan mengukur penyisihan Company measures the loss allowance for the
kerugian untuk aset keuangan tersebut financial assets using 12-months ECL. If the credit
menggunakan ECL 12 bulan. Jika risiko kredit atas risk of the financial asset has increased
aset keuangan tersebut telah meningkat secara significantly, the measurement of the loss
signifikan, maka pengukuran penyisihan kerugian allowance for the financial asset using lifetime
untuk aset keuangan tersebut menggunakan ECL ECL.
lifetime.
* Tidak diaudit *Unaudited
37
543
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 548
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Dalam menghitung ECL, Perseroan In calculating ECL, Company considers time value
memperhitungkan nilai waktu atas uang untuk of money to calculate present value of ECL from
menghitung nilai kini ECL dari tanggal ekpektasi expected default date to reporting date.
default terhadap tanggal pelaporan.
ECL 12 bulan & ECL lifetime 12 Months & Lifetime ECL
ECL 12 bulan adalah ECL yang timbul dari 12-month ECL is the ECL that result from default
peristiwa gagal bayar aset keuangan yang terjadi events on a financial aset within 12 months after
dalam 12 bulan setelah tanggal pelaporan (atau the reporting date (or a shorter period if the
periode yang lebih pendek jika umur aset expected lifetime of the financial asset is less than
keuangan yang diharapkan kurang dari 12 bulan). 12 months).
ECL lifetime adalah ECL yang diakibatkan dari Lifetime ECL are the ECL that result from all
semua kejadian default yang mungkin terjadi possible default events over the expected lifetime
selama perkiraan umur aset keuangan. of the financial asset.
Perseroan mempertimbangkan bahwa kejadian The Company considers that default has occurred
default telah terjadi ketika aset keuangan telah when a financial asset is more than 90 days past
menunggak lebih dari 90 hari atau terdapat due or has reasonable and supportable information
informasi yang wajar dan mendukung bahwa kredit that the credit has been impaired.
telah impaired (gagal bayar).
Staging Criteria Staging Criteria
Aset keuangan harus dialokasikan ke salah satu Financial assets have to be allocated to one of the
dari tiga tahap penurunan nilai (Stage 1, Stage 2, three impairment stages (Stage 1, Stage 2, Stage
Stage 3) dengan menentukan apakah terjadi 3) by determining whether a significant increase in
peningkatan risiko kredit yang signifikan atas aset credit risk has occurred on financial asset since
keuangan sejak pengakuan awal atau apakah initial recognition or whether the facility is defaulted
fasilitas tersebut gagal bayar pada tanggal on the reporting date.
pelaporan.
Stage 1: mencakup aset keuangan yang tidak Stage 1: includes financial assets that have not
memiliki peningkatan signifikan atas risiko kredit had a significant increase in credit risk since initial
sejak pengakuan awal atau memiliki risiko kredit recognition or that have low credit risk at the
rendah pada tanggal pelaporan. Untuk aset ini, reporting date. For these assets, 12-month ECL
ECL 12 bulan akan dihitung. are recognized.
Aset keuangan yang dikategorikan sebagai Stage Financial assets categorised as Stage 1 is
1 adalah aset keuangan dengan hari tunggakan financial assets with days overdue less or equal
kurang atau sama dengan 30 hari. than 30 days.
Stage 2: mencakup aset keuangan yang Stage 2: includes financial assets that have had a
mengalami peningkatan signifikan atas risiko significant increase in credit risk but do not have
kredit, namun tidak memiliki bukti penurunan nilai objective evidence of impairment. For these
yang obyektif. Untuk aset ini, ECL lifetime dihitung. assets, lifetime ECL are recognized.
Aset keuangan yang dianggap telah mengalami Financial assets considered to experience
peningkatan risiko kredit yang signifikan dan significant increase in credit risk and categorised
dikategorikan sebagai Stage 2 adalah aset as Stage 2 is financial assets with days overdue
keuangan dengan hari tunggakan dari 31-90 hari. 31-90 days. Financial instrument that has
Aset keuangan yang telah mengajukan program proposed restructure program, will be considered
restrukturisasi, juga dianggap telah mengalami to experience significant increase in credit risk, so
peningkatan risiko kredit yang signifikan sehingga will be categorised minimum as Stage 2 during
akan dikategorikan minimal sebagai Stage certain period.
2 selama periode tertentu.
* Tidak diaudit *Unaudited
38
544
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 549
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Staging Criteria (lanjutan) Staging Criteria (continued)
Stage 3: mencakup aset keuangan yang memiliki Stage 3: includes financial assets that have
bukti obyektif penurunan nilai pada tanggal objective evidence of impairment at the reporting
pelaporan. Tahap ini berisi debitur yang telah date. This stage consist of obligors that has
impaired (gagal bayar) atau aset keuangan dengan already impaired (defaulted) or financial assets
hari tunggakan lebih dari 90 hari. with days overdue more than 90 days.
Faktor utama dalam menentukan apakah aset The key factor in determining whether a financial
keuangan memerlukan ECL 12 bulan (Stage 1) assets needs 12-month (Stage 1) or lifetime ECL
atau ECL lifetime (Stage 2) disebut dengan kriteria (Stage 2) is called by the criteria of Significant
Peningkatan Signifikan dalam Risiko Kredit (SICR). Increase in Credit Risk (SICR). Determining
Penentuan kriteria peningkatan risiko kredit yang significant increase in credit risk (SICR) criteria
signifikan (SICR) memerlukan pengkajian apakah involves assessment of whether there has been a
telah terjadi peningkatan risiko kredit yang significant increase in credit risk at reporting date.
signifikan pada tanggal pelaporan.
Semua konsumen yang terkena dampak Installment payments of all customers affected by
COVID-19 sudah membayar angsuran kembali COVID-19 have been back to normal and stage
secara normal dan penentuan stage berdasarkan determination is based on consumer overdue
hari tunggak konsumen. days.
PSAK 71 mensyaratkan penyertaan informasi SFAS 71 requires inclusion of information about
tentang kejadian masa lalu, kondisi saat ini dan past events, current conditions and forecasts of
perkiraan kondisi ekonomi masa depan. Perkiraan future economic conditions. The estimates of
perubahan dalam kerugian kredit yang diharapkan changes in expected credit losses should reflect,
harus mencerminkan, dan secara langsung and be directionally consistent with, changes in
konsisten dengan, perubahan dalam data terkait related observable data from period to period. The
yang diobservasi dari periode ke periode. calculation of ECL requires estimation of forward-
Perhitungan ECL ini membutuhkan estimasi looking Probability of Default (PD), Loss Given
forward looking dari Probability of Default (PD), Default (LGD), Exposure At Default (EAD) and
Loss Given Default (LGD), Exposure At Default Macro-Economic Variables (MEV).
(EAD), dan Macro-Economic Variables (MEV).
Probability of Default (PD) Probability of Default (PD)
Adalah probabilitas konsumen mengalami gagal Is the probability that a consumer will default in
bayar dimana terjadi pada suatu waktu tertentu. which happened at certain time. PD used in SFAS
PD yang digunakan di dalam PSAK 71 adalah PD 71 is point in time PD which represent PD at a
point in time yang menggambarkan PD yang certain economy condition. PD is calculated until
terjadi pada suatu kondisi ekonomi. PD yang next 12 months after reporting period (12 months
dihitung sampai dengan periode 12 bulan dari PD), is used to calculate ECL from assets
tanggal laporan (PD 12 bulan) digunakan untuk categorised as Stage 1, while PD calculated
perhitungan ECL dari aset yang dikategorikan during the lifetime of assets (Lifetime PD), is used
Stage 1, sementara PD yang dihitung sepanjang to calculate ECL from assets categorised as Stage
umur aset (PD lifetime) digunakan untuk 2 and 3.
perhitungan ECL dari aset yang dikategorikan
Stage 2 dan 3.
* Tidak diaudit *Unaudited
39
545
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 550
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Loss Given Default (LGD) Loss Given Default (LGD)
Kerugian yang diperkirakan akan timbul dari The loss that is expected to arise on default
konsumen yang mengalami gagal bayar dengan consumer, incorporating the impact of relevant
memperhitungkan dampak dari asumsi kondisi forward looking economic assumptions, which
ekonomi di masa mendatang yang relevan represents the difference between the contractual
dimana hal ini menggambarkan perbedaan antara cash flows due and those that the Company
arus kas kontraktual yang jatuh tempo dengan expects to receive. The Company estimates LGD
arus kas yang diharapkan untuk diterima. based on the historical recovery of default
Perseroan mengestimasikan LGD berdasarkan consumer during observation period by
data historis dari tingkat pemulihan dari akun considering the payment received and the
yang gagal bayar selama periode observasi recovery of any collateral of financial assets,
dengan memperhitungkan tingkat pembayaran taking into account forward looking economic
yang diterima serta pemulihan yang berasal dari assumptions (if relevant).
jaminan terhadap aset keuangan dengan
mempertimbangkan asumsi ekonomi di masa
depan (jika relevan).
Exposure At Default (EAD) Exposure At Default (EAD)
Perkiraan nilai buku pada saat gagal bayar The expected balance sheet exposure at the time
dengan mempertimbangkan profil arus kas aset of default, taking into account the cash flow profile
keuangan selama umur aset keuangan. Hal ini of financial assets during the life time of the
juga memperhitungkan pembayaran, baik pokok financial assets. This incorporates the impact of
dan bunga. repayments, both principal and interest.
Macro-Economic Variables (MEV) Macro-Economic Variables (MEV)
MEV merupakan salah satu komponen utama MEV is one of main component in determining the
dalam menentukan perkiraan kondisi ekonomi di expected economy condition in the future and
masa mendatang, dimana Perseroan melakukan reviewed regularly by the Company. MEV such as
evaluasi secara reguler. Adapun MEV, seperti gross domestic product (GDP), inflation rate, and
produk domestik bruto (PDB), tingkat inflasi, dan exchange rate are used as factor to perform
nilai tukar mata uang asing digunakan sebagai adjustment on PD and LGD related to impact of
faktor untuk melakukan penyesuaian terhadap change of economy condition in the future, in
PD dan LGD terkait dampak perubahan kondisi which the MEV used is based on several
ekonomi di masa mendatang, dimana MEV yang scenarios (normal, good and bad) and ECL will be
digunakan adalah berdasarkan beberapa calculated by considering the probability assigned
skenario (normal, baik dan buruk) dan for each scenario.
perhitungan ECL akan mempertimbangkan
probabilitas yang ditetapkan untuk masing-
masing skenario.
Pembiayaan murabahah dan IMBT Murabahah financing and IMBT
Pada setiap tanggal pelaporan, Perseroan At each reporting date, the Company evaluates
mengevaluasi apakah terdapat bukti objektif telah whether there is objective evidence that the
terjadinya penurunan nilai atas aset keuangan Company's financial assets are impaired. Financial
Perseroan. Aset keuangan mengalami penurunan assets are impaired when objective evidence
nilai jika bukti objektif menunjukkan bahwa demonstrates that a loss event has occurred after
peristiwa yang merugikan telah terjadi setelah the initial recognition of the financial assets, and
pengakuan awal aset keuangan, dan peristiwa that loss event has an impact on the future cash
tersebut berdampak pada arus kas masa datang flows on the financial assets that can be estimated
atas aset keuangan yang dapat diestimasi secara reliably.
handal.
* Tidak diaudit *Unaudited
40
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 551
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.1. Aset keuangan (lanjutan) h.1. Financial assets (continued)
Piutang pembiayaan konsumen dan piutang Consumer financing receivables and finance
sewa pembiayaan (lanjutan) lease receivables (continued)
Pembiayaan murabahah dan IMBT (lanjutan) Murabahah financing and IMBT (continued)
Bukti objektif bahwa aset keuangan mengalami Objective evidence that financial assets are
penurunan nilai meliputi wanprestasi atau impaired can include default or delinquency by a
tunggakan pembayaran oleh debitur, borrower, restructuring of a loan if the borrower
restrukturisasi piutang jika debitur mengalami have financial difficulties, indications that a
kesulitan keuangan, indikasi bahwa debitur akan borrower will enter into bankruptcy, or other
dinyatakan pailit, atau data yang dapat observable data relating to a group of assets such
diobservasi lainnya yang terkait dengan kelompok as adverse changes in the payment status of
aset keuangan seperti memburuknya status borrowers in the group, or economic conditions that
pembayaran debitur dalam kelompok tersebut, correlate with defaults in the group of assets.
atau kondisi ekonomi yang berkorelasi dengan
wanprestasi atas aset dalam kelompok tersebut.
Perseroan menentukan bukti penurunan nilai atas The Company determines evidence of impairment
piutang pembiayaan murabahah dan aset terkait for murabahah financing receivables and asset
pembiayaan IMBT secara kolektif karena related to IMBT financing at a collective level
manajemen yakin bahwa piutang pembiayaan because the management believes that these
murabahah dan aset terkait pembiayaan IMBT ini murabahah financing receivables and asset related
memiliki karakteristik risiko kredit yang serupa. to IMBT financing have similar credit risk
characteristics.
Dalam mengevaluasi penurunan nilai secara In assessing collective impairment, the Company
kolektif, Perseroan menggunakan model statistik uses statistical modeling (vintage method) of
(metode vintage) dari tren historis atas historical trends of the probability of default, timing
probabilitas wanprestasi, waktu pemulihan of recoveries and the amount of loss incurred,
kembali dan jumlah kerugian yang terjadi, yang adjusted using management's judgment as to
disesuaikan dengan pertimbangan manajemen whether current economic and credit conditions
mengenai apakah kondisi ekonomi dan kredit may cause the actual losses which are likely to be
terkini dapat mengakibatkan kerugian aktual yang greater or less than suggested by historical
jumlahnya akan lebih besar atau lebih kecil modeling. Probability of default and loss given
daripada jumlah yang ditentukan oleh model default are regularly updated to ensure that the
historis. Probabilitas wanprestasi dan tingkat estimates remain appropriate.
kerugian jika terjadi wanprestasi akan
diperbaharui secara berkala untuk memastikan
estimasi tersebut masih memadai.
Ketika peristiwa yang terjadi setelah penurunan When a subsequent event causes the amount of
nilai diakui menyebabkan kerugian penurunan impairment loss to decrease, and the decrease can
nilai berkurang, dan penurunan dapat dikaitkan be related objectively to an event occuring after the
secara obyektif dengan peristiwa yang terjadi impairment was recognised, the impairment loss is
setelah penurunan nilai diakui, kerugian reversed through the statement of profit or loss.
penurunan nilai yang sebelumnya harus
dipulihkan dan pemulihan tersebut diakui pada
laporan laba rugi.
h.2. Aset non-keuangan h.2. Non-financial assets
Pada setiap akhir periode pelaporan, Perseroan At the end of each reporting period, the Company
menelaah apakah terdapat indikasi bahwa aset review whether there is any impairment indicator
tersebut telah mengalami penurunan nilai. Jika exist. If any such indicator exists, the Company will
terdapat indikasi tersebut, Perseroan akan estimate the assets recoverable amount and
mengestimasi jumlah terpulihkan aset dan compare to its carrying value. Assets are
membandingkannya dengan nilai tercatatnya. considered as impaired when the carrying value of
Aset dianggap mengalami penurunan nilai apabila asset exceed the recoverable amount.
nilai tercatat aset melebihi jumlah terpulihkan.
* Tidak diaudit *Unaudited
41
547
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 552
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
h. Cadangan kerugian penurunan nilai (lanjutan) h. Allowance for impairment losses (continued)
h.2. Aset non-keuangan (lanjutan) h.2. Non-financial assets (continued)
Nilai yang dapat diperoleh kembali dari suatu aset The recoverable amount of an asset or cash
adalah sebesar jumlah yang lebih tinggi antara generating unit is the greater of its value in use or
nilai pakainya dan nilai wajar aset dikurangi biaya its fair value less costs to sell. In assessing value
untuk menjual. Dalam mengukur nilai pakai, in use, the estimated future cash flows
estimasi arus kas masa depan didiskontokan ke arediscounted to their present value using a pre-
nilai sekarang dengan menggunakan tingkat tax discount rate that reflects current market
diskonto sebelum pajak yang mencerminkan assessments of the time value of money and the
penilaian pasar saat ini terhadap nilai kas kini dan risks specific to the asset.
risiko spesifik terhadap aset tersebut.
i. Instrumen derivatif untuk tujuan manajemen risiko i. Derivative instrument for risk management
purposes
Seluruh instrumen derivatif yang dimiliki Perseroan All derivative instruments held by the Company are for
digunakan untuk tujuan manajemen risiko. Instrumen risk management purposes. These derivative
derivatif ini digunakan untuk lindung nilai eksposur instruments are used to hedge the Company’s
risiko suku bunga dan risiko mata uang Perseroan. exposures to interest rate risk and currency risk.
Instrumen derivatif untuk tujuan manajemen risiko Derivative instruments held for risk management are
diukur pada nilai wajar dalam laporan posisi keuangan. measured at fair value in the statement of financial
Untuk memenuhi persyaratan akuntansi lindung nilai, position. To qualify for hedge accounting, certain criteria
beberapa kriteria tertentu harus dipenuhi, termasuk are to be met, including formal documentation to be in
adanya dokumentasi formal pada awal lindung nilai dan place at the inception of the hedge also documentation
dokumentasi apakah instrumen lindung nilai tersebut whether the hedging instrument is effective in offsetting
efektif dalam saling hapus antara perubahan nilai wajar changes in fair values or cash flows of the hedged item
atau arus kas dari item lindung nilaian. attributable to the hedged risk.
Pada penetapan awal lindung nilai, Perseroan On initial designation of the hedge, the Company
mendokumentasikan secara formal hubungan antara formally documents the relationship between the
instrumen lindung nilai dan unsur yang dilindung nilai, hedging instruments and hedged items, including the
termasuk tujuan manajemen risiko dan strategi dalam risk management objective and strategy in undertaking
melaksanakan transaksi lindung nilai, bersamaan the hedge transaction, together with the method that will
dengan metode yang akan digunakan untuk menilai be used to assess the effectiveness of the hedging
efektivitas hubungan lindung nilai. Perseroan menilai, relationship. The Company makes an assessment, both
pada awal hubungan lindung nilai dan juga secara at the inception of the hedge relationship as well as on
berkesinambungan, apakah instrumen lindung nilai an ongoing basis, whether the hedging instruments are
diharapkan akan ‘sangat efektif’ dalam rangka saling expected to be ‘highly effective’ in offsetting the
hapus atas perubahan nilai wajar atau perubahan arus changes in the fair value or cash flows of the respective
kas dari unsur yang dilindung nilai sepanjang periode hedged items during the period for which the hedge is
dimana lindung nilai tersebut ditetapkan. designated.
Bagian efektif dari perubahan nilai wajar derivatif diakui The effective portion of changes in the fair value of
dalam penghasilan komprehensif lain. Keuntungan atau derivatives is recognized in other comprehensive
kerugian yang terkait dengan bagian yang tidak efektif income. The gain or loss relating to the ineffective
diakui dalam laba rugi. portion is recognized in profit or loss.
* Tidak diaudit *Unaudited
42
548
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 553
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
i. Instrumen derivatif untuk tujuan manajemen risiko i. Derivative instrument for risk management
(lanjutan) purposes (continued)
Perseroan menetapkan derivatif sebagai instrumen The Company designates derivative as the hedging
lindung nilai atas arus kas di mana instrumen tersebut instruments of cash flows hedges where the instrument
melindungi variabilitas arus kas yang dapat hedges the variability in cash flows attributable to a
diatribusikan pada risiko tertentu yang terkait dengan particular risk associated with a recognised liability that
liabilitas yang dapat mempengaruhi laba atau rugi. could affect profit or loss. The effective portion of
Bagian efektif dari perubahan nilai wajar derivatif yang changes in the fair value of derivative designated as
ditetapkan sebagai instrumen lindung nilai atas arus hedging instruments of cash flows hedges is deferred to
kas ditangguhkan pada pos (kerugian)/keuntungan the cumulative (losses)/gains on derivative instruments
kumulatif atas instrumen derivatif untuk lindung nilai for cash flows hedges, which forms part of equity. Any
arus kas, yang merupakan bagian dari ekuitas. Bagian ineffective portion is recognised immediately in the
yang tidak efektif diakui secara langsung pada laporan statement of profit or loss. Amounts deferred in equity
laba rugi. Jumlah yang ditangguhkan dalam ekuitas are reclassified to the statement of profit or loss as a
direklasifikasi ke dalam laporan laba rugi dalam periode reclassification adjustment in the same period as the
yang sama dimana arus kas yang dilindung nilai hedged cash flows affect profit or loss, and in the same
mempengaruhi laba atau rugi, dan pada pos yang line item in the statement of profit or loss.
sama dalam laporan laba rugi.
Ketika instrumen lindung nilai kadaluarsa atau dijual, When the hedging instrument expires or sold,
dihentikan, dilaksanakan, atau tidak lagi memenuhi terminated, exercised, or no longer qualifies for hedge
kriteria akuntansi lindung nilai, keuntungan atau accounting, the cumulative amount deferred in equity
kerugian kumulatif yang ditangguhkan di ekuitas tetap remains in the cumulative (losses)/gains on derivative
diakui pada pos (kerugian)/keuntungan kumulatif atas instruments for cash flows hedges, and is subsequently
instrumen derivatif untuk lindung nilai arus kas dan reclassified to the statement of profit or loss when the
direklasifikasi ke laporan laba rugi ketika unsur yang hedged item is recognised in the statement of profit or
dilindung nilai diakui dalam laporan laba rugi. loss.
Ketika suatu prakiraan transaksi lindung nilai tidak lagi When a forecast hedged transaction is no longer
diharapkan akan terjadi, jumlah yang ditangguhkan expected to occur, the amount deferred in equity is
dalam ekuitas diakui segera dalam laporan laba rugi. recognised immediately in the statement of profit or
loss.
j. Beban dibayar dimuka j. Prepaid expenses
Beban dibayar dimuka diamortisasi selama masa Prepaid expenses are amortised over the period of
manfaat dengan menggunakan metode garis lurus. benefits using the straight-line method.
Beban dibayar dimuka berupa sewa dan renovasi Prepaid expenses for rent and building renovation for
bangunan sewa diamortisasi selama masa sewa. rental offices are amortised over the period of rent.
k. Investasi dalam saham k. Investment in shares
Investasi dalam saham diklasifikasikan sebagai aset Investment in shares are classified as financial assets
keuangan yang diukur dengan nilai wajar melalui measured at fair value through other comprehensive
penghasilan komprehensif lain karena Perseroan tidak income since the Company has no significant influence
memiliki pengaruh signifikan terhadap investee. to investee.
Dividen kas yang diterima atas investasi dalam saham Cash dividends received from investment in shares is
diakui sebagai pendapatan lain-lain. recognised as other income.
l. Aset tetap l. Fixed assets
Aset tetap pada awalnya dinyatakan sebesar harga Fixed assets are initially recognised at acquisition cost.
perolehan. Setelah pengukuran awal, aset tetap diukur After initial measurement, fixed assets are measured
dengan model biaya, dicatat pada harga perolehan using the cost model, carried at cost less any
dikurangi akumulasi penyusutan dan akumulasi accumulated depreciation and accumulated impairment
penurunan nilai. losses.
* Tidak diaudit *Unaudited
43
549
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 554
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
l. Aset tetap (lanjutan) l. Fixed assets (continued)
Harga perolehan mencakup harga pembelian dan Acquisition cost includes purchase price and any costs
semua beban yang terkait secara langsung untuk directly attributable to bring the assets to the location
membawa aset tersebut ke lokasi dan kondisi yang and condition necessary for it to be capable of
diperlukan untuk memungkinkan aset tersebut operating in the manner intended by management.
beroperasi sebagaimana ditentukan oleh manajemen.
Tanah dinyatakan sebesar harga perolehan dan tidak Land is stated at cost and not depreciated.
disusutkan.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation of fixed assets other than land are
menggunakan metode garis lurus untuk calculated on the straight-line method to allocate their
mengalokasikan harga perolehan hingga mencapai nilai cost to their residual values over their estimated useful
sisa sepanjang estimasi masa manfaatnya sebagai lives as follows:
berikut:
Tahun/ Persentase/
Years Percentage
Bangunan 20 5,00% Buildings
Perabotan, perlengkapan dan Furniture, fixtures and
peralatan kantor 3-5 20,00% - 33,33% office equipment
Kendaraan bermotor 5 20,00% Motor vehicles
Beban perbaikan dan pemeliharaan dibebankan ke Repairs and maintenance are charged to the statement
dalam laporan laba rugi pada tahun dimana beban- of profit or loss during the year in which they are
beban tersebut terjadi. Pengeluaran yang incurred. Expenditures that extend the future life of
memperpanjang masa manfaat aset atau yang assets or provide further economic benefits are
memberikan tambahan manfaat ekonomis dikapitalisasi capitalised and depreciated.
dan disusutkan.
Jumlah tercatat aset tetap dihentikan pengakuannya The carrying amount of fixed assets is derecognised
pada saat pelepasan atau ketika tidak terdapat lagi upon disposal or when there is no longer a future
manfaat ekonomi masa depan yang diekspektasikan economic benefit expected from their use or disposal.
dari penggunaan atau pelepasannya.
Apabila aset tetap dihentikan pengakuannya (tidak When fixed assets are derecognised (retired or
digunakan lagi atau dijual), maka nilai tercatat dan disposed of), their carrying values and the related
akumulasi penyusutannya dikeluarkan dari laporan accumulated depreciation are removed from the
posisi keuangan, dan keuntungan atau kerugian yang statement of financial position, and the resulting gains
terjadi diakui dalam laporan laba rugi tahun berjalan. or losses are recognised in the current year statement
of profit or loss.
Akumulasi beban konstruksi aset tetap dikapitalisasi The accumulated costs of the construction of fixed
sebagai aset dalam penyelesaian. Beban tersebut assets are capitalised as construction in progress.
direklasifikasi ke aset tetap pada saat proses konstruksi These costs are reclassified to fixed assets when the
selesai dan siap digunakan. Penyusutan mulai construction is completed and ready for their intended
dibebankan pada tanggal yang sama. use. Depreciation is charged from such date.
Apabila nilai tercatat aset tetap lebih besar dari nilai When the carrying amount of fixed assets is greater
yang dapat dipulihkan, nilai tercatat aset tersebut than its estimated recoverable amount, it is written
diturunkan menjadi sebesar nilai yang dapat dipulihkan down to its recoverable amount which is determined at
kembali, yang ditentukan sebagai nilai tertinggi antara the higher of net selling price or value in use.
harga jual neto dan nilai pakai.
Pada setiap akhir tahun, nilai residu, umur manfaat dan At the end of each year, residual values, useful lives
metode penyusutan dikaji ulang dan disesuaikan secara and method of depreciation are reviewed and adjusted
prospektif jika diperlukan. prospectively, if appropriate.
* Tidak diaudit *Unaudited
44
550
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 555
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
m. Aset tak berwujud m. Intangible assets
Aset tak berwujud terdiri dari perpanjangan hak atas Intangible assets consist of extension of land rights and
tanah dan perangkat lunak yang dibeli oleh Perseroan. software acquired by the Company.
m.1. Perpanjangan hak atas tanah m.1. Extension of land rights
Biaya pengurusan perpanjangan atau pembaruan The cost of obtaining an extension or renewal of
hak atas tanah diakui sebagai aset land rights are recognised as intangible assets
tak berwujud dan diamortisasi menggunakan and amortised using straight-line method over the
metode garis lurus sepanjang periode hak tanah. period of the land right.
m.2. Perangkat lunak m.2. Software
Perangkat lunak pada awalnya dinyatakan Software is initially recognised at acquisition cost.
sebesar harga perolehan. Setelah pengakuan After initial recognition, intangible assets are
awal, aset tak berwujud diukur menggunakan measured using cost model, stated at cost less
model biaya, dicatat sebesar biaya perolehannya accumulated amortisation and accumulated
dikurangi akumulasi amortisasi dan akumulasi impairment losses.
kerugian penurunan nilai.
Pengeluaran selanjutnya untuk perangkat lunak Subsequent expenditure on software assets is
akan dikapitalisasi hanya jika pengeluaran capitalised only when it increases the future
tersebut menambah manfaat ekonomi di masa economic benefits embodied in the specific asset
mendatang untuk aset yang bersangkutan. to which it relates. All other expenditures are
Semua pengeluaran lainnya dibebankan pada expensed as incurred.
saat terjadinya.
Amortisasi diakui dalam laporan laba rugi dengan Amortisation is recognised in the statement of
menggunakan metode garis lurus sepanjang profit or loss on a straight-line method over the
estimasi masa manfaatnya, dimulai dari tanggal estimated useful life of the software, from the date
perangkat lunak tersebut tersedia untuk dipakai. that it is available for use. The estimated useful life
Estimasi masa manfaat perangkat lunak adalah of software is five years.
lima tahun.
Metode amortisasi, estimasi masa manfaat dan Amortisation method, useful lives and residual
nilai residual ditelaah pada setiap akhir tahun values are reviewed at each financial year-end
pelaporan dan disesuaikan jika dianggap tepat. and adjusted, if appropriate.
n. Pengakuan pendapatan dan beban n. Income and expense recognition
n.1. Pendapatan pembiayaan konsumen, marjin n.1. Consumer financing income, murabahah
murabahah, pendapatan sewa pembiayaan, margin, finance leases income, interest
pendapatan bunga dan beban bunga income and interest expenses
Pendapatan pembiayaan konsumen, marjin Consumer financing income, murabahah margin,
murabahah, pendapatan sewa pembiayaan finance leases income (conventional), interest
(konvensional), pendapatan bunga dan beban income and interest expense are recognised using
bunga diakui dengan menggunakan metode suku the effective interest method. Finance leases
bunga efektif. Pendapatan sewa pembiayaan income (sharia) from ijarah muntahiyah bittamlik
(syariah) yang berasal dari aset ijarah muntahiyah assets is recognised over the term of contract
bittamlik diakui selama masa akad menggunakan using straight line method.
metode garis lurus.
Perseroan mendapatkan komisi dari asuransi The Company earns commissions from the
kendaraan bermotor yang dibayar oleh konsumen. insurance of motor vehicles which is paid by the
Perlakuan akuntansi untuk pendapatan komisi consumer. The accounting treatment for the
asuransi tersebut sama seperti perlakuan insurance commission income is the same as
akuntansi untuk biaya transaksi yang teratribusi accounting treatment for transaction costs which
langsung (lihat Catatan 2d). are directly attributable (see Note 2d).
* Tidak diaudit *Unaudited
45
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 556
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
n. Pengakuan pendapatan dan beban (lanjutan) n. Income and expense recognition (continued)
n.1. Pendapatan pembiayaan konsumen, marjin n.1. Consumer financing income, murabahah
murabahah, pendapatan sewa pembiayaan, margin, finance leases income, interest
pendapatan bunga dan beban bunga (lanjutan) income and interest expenses (continued)
Pengakuan beban provisi yang dibayar dimuka Upfront fees related to the borrowings and
sehubungan dengan pinjaman yang diterima dan issuance costs of debt securities are deferred and
beban emisi efek utang yang diterbitkan amortised over the terms of the related borrowings
ditangguhkan dan diamortisasi selama jangka and debt securities issued using the effective
waktu pinjaman yang diterima dan efek utang yang interest method and are recorded as part of
diterbitkan tersebut dengan menggunakan metode interest expenses and financing charges.
suku bunga efektif dan dicatat sebagai bagian dari
beban bunga dan keuangan.
Pendapatan marjin pembiayaan murabahah diakui Margin income from murabahah financing is
berdasarkan metode anuitas selama jangka waktu recognised using the annuity method over the
kontrak. term of the respective contracts.
n.2. Pendapatan lain-lain n.2. Other income
Pendapatan administrasi adalah pendapatan atas Administration income is income from consumer
jasa pembiayaan konsumen, pembiayaan financing, murabahah financing or finance lease
murabahah atau sewa pembiayaan yang services that are charged to consumers when
ditagihkan kepada debitur pada saat fasilitas financing facilities are approved and/or installment
pembiayaan disetujui dan/atau pada saat jatuh due date. Administration income are recognised
tempo angsuran. Pendapatan administrasi diakui over the term of financing.
selama jangka waktu pembiayaan.
Pendapatan denda keterlambatan dikenakan Late charges income charged to overdue
kepada konsumen yang menunggak diakui pada consumers is recognised when realised.
saat realisasi.
Pendapatan pinalti dikenakan kepada konsumen Penalty income charged to consumers who
yang menyelesaikan kontrak sebelum masa terminated their contracts before financing period
pembiayaan berakhir diakui pada saat realisasi. ends is recognised when realised.
o. Imbalan kerja o. Employees’ benefits
o.1. Imbalan kerja jangka pendek o.1. Short-term employees’ benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employees’ benefits are recognised
terutang kepada karyawan berdasarkan metode when they are owed to the employees based on an
akrual. accrual method.
o.2. Imbalan kerja jangka panjang dan imbalan o.2. Long-term and post-employment benefits
pasca-kerja
Imbalan kerja jangka panjang dan imbalan Long-term and post-employment benefits, such as
pasca-kerja, seperti pensiun, uang pesangon, uang pension, severance pay, service pay and other
penghargaan dan imbalan lainnya, dihitung benefits, are calculated in accordance with
berdasarkan “Peraturan Perseroan”. “Company Regulation”.
Perseroan menerapkan PSAK No. 24: Imbalan The Company applies SFAS No. 24: Employee
Kerja. Benefits.
Kewajiban imbalan pasca-kerja yang diakui di The obligation for post-employment benefits
laporan posisi keuangan dihitung berdasarkan nilai recognised in the statement of financial position is
kini dari estimasi kewajiban imbalan pasca-kerja di calculated at present value of estimated future
masa depan yang timbul dari jasa yang telah benefits that the employees have earned in return
diberikan oleh karyawan pada masa kini dan masa for their services in the current and prior years,
lalu, dikurangi dengan nilai wajar aset neto dana deducted by any plan assets. The calculation is
pensiun. Perhitungan dilakukan oleh aktuaris performed by an independent actuary using the
independen dengan metode Projected Unit Credit. Projected Unit Credit method.
* Tidak diaudit *Unaudited
46
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 557
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
o. Imbalan kerja (lanjutan) o. Employees’ benefits (continued)
o.2. Imbalan kerja jangka panjang dan imbalan o.2. Long-term and post-employment benefits
pasca-kerja (lanjutan) (continued)
Ketika imbalan pasca-kerja berubah, porsi When the post-employment benefits change, the
kenaikan atau penurunan imbalan sehubungan portion of the increased or decreased benefits
dengan jasa yang telah diberikan oleh karyawan relating to past services by employees is charged
pada masa lalu dibebankan atau dikreditkan ke or credited to the statement of profit or loss. To the
dalam laporan laba rugi. Imbalan pasca-kerja yang extent that the benefits vest immediately, the
telah menjadi hak karyawan diakui segera sebagai expense is recognised immediately in the
beban dalam laporan laba rugi. statement of profit or loss.
Keuntungan atau kerugian aktuarial yang timbul Actuarial gains or losses arising from experience
dari penyesuaian dan perubahan dalam asumsi- adjustments and changes in actuarial assumptions
asumsi aktuarial langsung diakui seluruhnya are directly fully recognised to other comprehensive
melalui penghasilan atau beban komprehensif income or expense in the year when such actuarial
lainnya pada tahun dimana keuntungan/(kerugian) gains/(losses) occur.
aktuarial terjadi.
Perseroan telah memiliki program pensiun imbalan The Company also has a defined benefit pension
pasti yang mana Perseroan membayar iuran ke program where the Company pays contributions to
dana pensiun lembaga keuangan yang dihitung a financial institution pension plan which is
berdasarkan persentase tertentu dari penghasilan calculated at a certain percentage of fixed income
tetap yang diterima karyawan yang sudah of employees who meet the Company’s criteria.
memenuhi kriteria yang ditetapkan Perseroan.
o.3. Imbalan kerja jangka panjang lainnya o.3. Other long-term employment benefits
Perseroan memberikan imbalan kerja jangka The Company provides other long-term
panjang lainnya berupa tunjangan cuti besar yang employment benefits in the form of long service
ditentukan sesuai dengan Peraturan Perseroan. leave award which is determined in compliance
Tunjangan cuti besar diperkirakan tidak akan with the Company’s Regulation. The long service
diselesaikan seluruhnya dalam waktu 12 bulan leave award are not expected to be settled wholly
setelah tanggal laporan posisi keuangan dimana within 12 months after the statement of financial
karyawan memberikan jasa terkait. Kewajiban ini position date in which the employees render the
diukur sebagai nilai kini dari perkiraan pembayaran related service. These obligations are measured as
di masa depan yang akan dibuat sehubungan the present value of future payments to be made in
dengan jasa yang diberikan oleh karyawan hingga respect of services provided by employees up to
akhir periode pelaporan dengan menggunakan the end of the reporting period using Projected Unit
metode Projected Unit Credit dan dihitung Credit method and are calculated minimum once a
minimum satu tahun sekali oleh aktuaris year by an independent actuary.
independen.
o.4. Pesangon pemutusan kontrak kerja o.4. Termination benefits
Pesangon pemutusan kontrak kerja terutang ketika Termination benefits are payable when the
karyawan dihentikan kontrak kerjanya sebelum employment of an employee is terminated before
usia pensiun normal. Perseroan mengakui the normal retirement age. The Company
pesangon ketika Perseroan menunjukkan recognises termination benefits when it
komitmennya untuk memutuskan kontrak kerja demonstrates its commitment to terminate the
dengan karyawan berdasarkan suatu rencana employment of employees according to a detailed
formal terperinci yang kecil kemungkinannya untuk formal plan and the possibility to withdraw the plan
dibatalkan. Pesangon yang akan dibayarkan is remote. Benefits falling due more than 12
dalam waktu lebih dari 12 bulan setelah tanggal months after the statement of financial position
laporan posisi keuangan didiskontokan untuk date are discounted to reflect its present value.
mencerminkan nilai kini.
* Tidak diaudit *Unaudited
47
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 558
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
p. Utang obligasi p. Bonds payable
Obligasi yang diterbitkan dicatat sebesar nilai nominal Bonds issued are presented at nominal value net of
dikurangi saldo diskonto yang belum diamortisasi. unamortised discounts. Issuance costs in connection
Biaya emisi sehubungan dengan penerbitan obligasi with the bonds issuance are recognised as discounts
diakui sebagai diskonto dan dikurangkan langsung dari and directly deducted from the proceeds of bonds
hasil emisi untuk menentukan hasil emisi neto obligasi issuance to determine the net proceeds of the bonds
yang diterbitkan tersebut. issued.
Utang obligasi diukur pada biaya perolehan Bonds payable issued are measured at amortised cost
diamortisasi dengan menggunakan metode suku bunga using effective interest method after initial recognition.
efektif setelah pengakuan awalnya. Diskonto The discounts are amortised over the period of the
diamortisasi selama jangka waktu obligasi tersebut bonds using the effective interest method (see Note
dengan menggunakan metode suku bunga efektif (lihat 2n.1).
Catatan 2n.1).
q. Perpajakan q. Taxation
Beban pajak terdiri dari beban pajak kini dan beban Income tax expense comprises of current and deferred
pajak tangguhan. Beban pajak diakui pada laporan laba tax. Income tax expense is recognised in the statement
rugi kecuali untuk bagian yang langsung diakui di of profit or loss except to the extent it relates to items
komponen ekuitas lainnya, dimana beban pajak yang recognised directly in other equity components, in which
terkait dengan bagian tersebut diakui di penghasilan case it is recognised in other comprehensive income.
komprehensif lain.
Beban pajak kini adalah hutang pajak yang ditentukan Current tax expense is the expected tax payable on the
berdasarkan laba kena pajak untuk tahun yang taxable income for the current year which is calculated
bersangkutan yang dihitung berdasarkan tarif pajak using tax rates enacted or substantively enacted at
yang berlaku atau yang secara substansial telah berlaku reporting date.
pada tanggal pelaporan.
Perseroan menerapkan metode aset dan liabilitas dalam The Company adopts the asset and liability method in
menghitung beban pajaknya. Dengan metode ini, aset determining its income tax expense. Under this method,
dan liabilitas pajak tangguhan diakui setiap tanggal deferred tax assets and liabilities are recognised at
pelaporan sebesar perbedaan temporer aset dan each reporting date for temporary differences between
liabilitas untuk tujuan akuntansi dan tujuan pajak. the accounting and tax bases of assets and liabilities.
Metode ini juga mengharuskan pengakuan manfaat This method also requires the recognition of future tax
pajak di masa akan datang, seperti kompensasi rugi benefits, such as tax loss carry forwards, to the extent
fiskal, jika kemungkinan realisasi manfaat tersebut di that realisation of such benefits is probable. Currently
masa mendatang cukup besar (probable). Tarif pajak enacted or substantially enacted tax rates at the year of
yang berlaku atau yang secara substansial telah berlaku deferred tax assets or liabilities realised, are used in the
pada tahun realisasi aset dan liabilitas pajak tangguhan, determination of deferred income tax.
digunakan dalam menentukan pajak penghasilan
tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognised only if it is probable
kemungkinan besar bahwa jumlah laba fiskal pada that future taxable profit will be available to compensate
masa datang akan memadai untuk mengkompensasi the temporary differences which resulted in such
perbedaan temporer yang menimbulkan aset pajak deferred tax assets.
tangguhan tersebut.
Manajemen secara periodik mengevaluasi posisi yang Management periodically evaluates positions taken in
dilaporkan di Surat Pemberitahuan (SPT) Tahunan annual tax return with respect to situations in which
sehubungan dengan situasi di mana aturan pajak yang applicable tax regulation is subject to interpretation.
berlaku membutuhkan interpretasi. Jika perlu, Management establishes provisions where appropriate
manajemen menentukan provisi berdasarkan jumlah on the basis of amounts expected to be paid to the tax
yang diharapkan akan dibayar kepada otoritas pajak. authorities.
* Tidak diaudit *Unaudited
48
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 559
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
q. Perpajakan (lanjutan) q. Taxation (continued)
Aset pajak kini dan liabilitas pajak kini saling hapus dan Current tax assets and current tax liabilities shall be
nilai netonya disajikan dalam laporan posisi keuangan offset and the net amount is presented in the statement
jika, dan hanya jika, Perseroan memiliki hak yang of financial position when and only when, the Company
berkekuatan hukum untuk melakukan saling hapus atas has a legal enforceable right to set off the amounts and
jumlah yang telah diakui tersebut dan berniat untuk intends either to settle on a net basis or to realise the
menyelesaikan secara neto atau untuk merealisasikan asset and settle the liability simultaneously.
aset dan menyelesaikan liabilitasnya secara simultan.
q.1. Pajak final q.1. Final tax
Peraturan perpajakan di Indonesia mengatur Tax regulation in Indonesia determined that certain
beberapa jenis penghasilan dikenakan pajak yang taxable income is subject to final tax. Final tax
bersifat final. Pajak final yang dikenakan atas nilai applied on the gross value of transactions is
bruto transaksi tetap dikenakan walaupun atas applied even when the parties carrying the
transaksi tersebut pelaku transaksi mengalami transaction incur losses.
kerugian.
Pajak final tidak termasuk dalam lingkup yang diatur Final tax is not included in the scope of SFAS No.
oleh PSAK No. 46: “Pajak Penghasilan”. Oleh 46: “Income Taxes”. Therefore, the Company
karena itu, Perseroan menyajikan beban pajak final presents all of the final tax arising from time
sehubungan dengan deposito dan giro sebagai pos deposits and current account a separate line item.
tersendiri.
r. Sukuk mudharabah r. Mudharabah bonds
Perseroan pada awalnya mengakui sukuk mudharabah The Company initially recognises mudharabah bonds
pada saat sukuk mudharabah diterbitkan sebesar on the date of issuance of mudharabah bonds at the
nominalnya. nominal amount.
Biaya transaksi sehubungan dengan penerbitan sukuk Transaction cost related to the issuance of mudharabah
mudharabah diakui secara terpisah dari sukuk bonds are recognised separately from mudharabah
mudharabah. Biaya transaksi diamortisasi bonds. Transaction cost are amortised over the term of
menggunakan metode garis lurus selama jangka waktu mudharabah bonds using straight-line method and are
sukuk mudharabah dan dicatat sebagai bagian dari recorded as part of financing charges.
beban keuangan.
Sukuk mudharabah disajikan sebagai bagian dari Mudharabah bonds are presented as a part of liabilities
liabilitas dan biaya transaksi sehubungan penerbitan and the transaction cost related to the issuance of
sukuk mudharabah disajikan dalam aset sebagai beban mudharabah bonds are presented on assets as a part
dibayar dimuka. of prepaid expenses.
s. Laba per saham s. Earnings per share
Laba per saham dihitung dengan membagi laba tahun Earnings per share are computed by dividing current
berjalan dengan jumlah rata-rata tertimbang jumlah year net income by the weighted average number of
lembar saham yang beredar selama tahun berjalan. outstanding shares during the current year.
Laba per saham dilusian adalah sama dengan laba per Diluted earnings per share are the same with basic
saham dasar dikarenakan Perseroan tidak memiliki earnings per share as the Company does not have
saham dilusian atau instrumen. dilutive shares or instrument.
* Tidak diaudit *Unaudited
49
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 560
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
t. Transaksi dengan pihak berelasi t. Transaction with related parties
Perseroan melakukan transaksi dengan pihak berelasi. The Company has transactions with related parties.
Sesuai dengan PSAK 7 “Pengungkapan Pihak-Pihak The definition of related parties used is in accordance
Berelasi”, yang dimaksud dengan pihak yang berelasi with the SFAS 7 “Related Party Disclosures”, the
adalah orang atau entitas yang berelasi dengan entitas meaning of related party is a person or entity that is
pelapor sebagai berikut: related to a reporting entity as follows:
a. Orang atau anggota keluarga terdekatnya berelasi a. A person or a close member of that person’s family
dengan entitas pelapor jika orang tersebut: is related to a reporting entity if that person:
i. memiliki pengendalian atau pengendalian i. has control or joint control over the reporting
bersama terhadap entitas pelapor; entity;
ii. memiliki pengaruh signifikan terhadap entitas ii. has significant influence over the reporting
pelapor; atau entity; or
iii. personal manajemen kunci entitas pelapor atau iii. is member of the key management personnel of
entitas induk pelapor. the reporting entity or of a parent of the
reporting entity.
b. Suatu entitas berelasi dengan entitas pelapor jika b. An entity is related to a reporting entity if any of the
memenuhi hal-hal sebagai berikut: following conditions applies:
i. entitas dan entitas pelapor adalah anggota dari i. the entity and the reporting entity are members
kelompok usaha yang sama (artinya entitas of the same group (which means that each
induk, entitas anak dan entitas anak berikutnya parent, subsidiary and fellow subsidiary is
terkait dengan entitas lain); related to the others);
ii. suatu entitas adalah entitas asosiasi atau ventura ii. one entity is an associate or joint venture of the
bersama bagi entitas lain (atau entitas asosiasi other entity (or an associate or joint venture of
atau ventura bersama yang merupakan anggota member of a company of which the other entity
suatu kelompok usaha, dimana entitas lain is a member);
tersebut adalah anggotanya);
iii. kedua entitas tersebut adalah ventura bersama iii. both entities are joint ventures of the same
dari pihak ketiga yang sama; third party;
iv. suatu entitas adalah ventura bersama dari entitas iv. one entity is a joint venture of a third entity and
ketiga dan entitas yang lain adalah entitas the other entity is an associate of the third
asosiasi dari entitas ketiga; entity;
v. entitas tersebut adalah suatu program imbalan v. the entity is a post-employment benefit plan for
pasca-kerja untuk imbalan kerja dari suatu the benefit of employees of either the reporting
entitas pelapor atau entitas yang terkait dengan entity or an entity related to the reporting entity;
entitas pelapor;
vi. entitas yang dikendalikan atau dikendalikan vi. the entity controlled or jointly controlled by a
bersama oleh orang yang diidentifikasi dalam person identified in (a);
butir (a);
vii. orang yang diidentifikasi, dalam butir (a) (i) vii. a person identified in (a) (i) has significant
memiliki pengaruh signifikan terhadap entitas influence over the entity or is a member of the
atau anggota manajemen kunci entitas (atau key management personnel of the entity (or of
entitas induk dari entitas); a parent of the entity);
viii. entitas, atau anggota dari kelompok di mana viii. an entity, or any member of a group of which it
entitas merupakan bagian dari kelompok is a part, that provides key management
tersebut, menyediakan jasa personil manajemen personnel services to the reporting entity or it is
kunci kepada entitas pelapor atau kepada entitas parent.
induk dari entitas pelapor.
Jenis transaksi dan saldo dengan pihak-pihak berelasi, The nature of transactions and balances of accounts
yang dilakukan berdasarkan persyaratan usaha pada with related parties which are conducted based on
umumnya dan telah disetujui oleh kedua belah pihak, commercial terms and agreed by both parties, whereby
dimana persyaratan tersebut mungkin tidak sama such terms may not be the same as those of the
dengan transaksi lain yang dilakukan dengan pihak- transactions between nonrelated parties, are disclosed
pihak yang tidak berelasi, diungkapkan dalam catatan in the notes to the financial statements.
atas laporan keuangan.
Jenis transaksi dan saldo dengan pihak-pihak berelasi The nature of transactions and balances of accounts
diungkapkan pada Catatan 36. with related parties are disclosed in the Note 36.
* Tidak diaudit *Unaudited
50
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 561
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
u. Penjabaran mata uang asing u. Foreign currency translation
Transaksi-transaksi dalam mata uang asing dijabarkan Transactions denominated in foreign currencies are
ke dalam Rupiah dengan menggunakan kurs yang translated into Rupiah at the exchange rates prevailing
berlaku pada tanggal transaksi. Pada tanggal at the date of the transaction. At the reporting date,
pelaporan, aset dan liabilitas moneter dalam mata monetary assets and liabilities denominated in foreign
uang asing dijabarkan ke dalam Rupiah dengan currencies are translated into Rupiah using the
menggunakan kurs yang berlaku pada tanggal laporan exchange rates prevailing at the statement of financial
posisi keuangan. position date.
Keuntungan dan kerugian selisih kurs yang timbul dari Exchange gains and losses arising from transactions in
transaksi dalam mata uang asing dan dari penjabaran foreign currencies and from the translation of foreign
aset dan liabilitas moneter dalam mata uang asing, currency monetary assets and liabilities are recognised
diakui pada laporan laba rugi tahun berjalan. in the current year statement of profit or loss.
Pada tanggal 31 Desember 2023, kurs nilai tukar yang As of 31 December 2023, the exchange rates used are
digunakan adalah kurs tengah Reuters sebesar Reuters’ middle rate of Rp15,397 (2022: Rp15,568) (full
Rp15.397 (2022: Rp15.568) (nilai penuh) untuk 1 Dolar amount) for 1 United States Dollar (USD) and Rp109
Amerika Serikat (USD) dan sebesar Rp109 (nilai (full amount) for 1 Japanese Yen (JPY).
penuh) untuk 1 Yen Jepang (JPY).
v. Transaksi sewa (Perseroan sebagai penyewa) v. Lease transaction (the Company as a lessee)
Pada tanggal insepsi kontrak, Perseroan menilai At the inception date of a contract, the Company
apakah kontrak merupakan, atau mengandung sewa. assesses whether the contract is, or contains a lease. A
Suatu kontrak merupakan, atau mengandung sewa jika contract is, or contains a lease if the contract conveys
kontrak tersebut memberikan hak untuk mengendalikan the right to control the use of an identified asset for a
penggunaan aset identifikasian selama jangka waktu period of time in exchange for consideration.
tertentu untuk dipertukarkan dengan imbalan.
Untuk menilai apakah kontrak memberikan hak untuk To assess whether a contract conveys the right to
mengendalikan penggunaan aset identifikasian, control the use of an identified asset, the Company
Perseroan harus menilai apakah: shall assess whether:
- Perseroan memiliki hak untuk mendapatkan secara - The Company has the right to substantially obtain all
substansial seluruh manfaat ekonomi dari economic benefit from use of the indentified asset;
penggunaan aset identifikasian; dan and
- Perseroan memiliki hak untuk mengarahkan - The Company has a right to determine the use of
penggunaan aset identifikasian. identified asset.
Pada tanggal permulaan sewa, Perseroan mengakui At the lease commencement date, the Company
aset hak guna dan liabilitas sewa. Pada pengakuan recognises a right-of-use asset and a lease liability. At
awal, aset hak guna diukur sebesar pengakuan awal initial recognition, the right-of-use asset is measured at
liabilitas sewa ditambah total pembayaran sewa yang initial recognition of lease liability plus total lease
telah dilakukan Perseroan sampai dengan tanggal payment that has been paid until inception date. The
insepsi. Aset hak guna diamortisasi dengan right-of-use asset is amortised using straight line
menggunakan metode garis lurus sepanjang jangka method throughout the lease term and recognised as
waktu sewa dan diakui sebagai beban umum dan general and administrative expense.
administrasi.
Liabilitas sewa diukur sebesar nilai kini estimasi biaya The lease liability is measured at the present value of
sewa yang masih harus dibayar oleh Perseroan kepada lease cost that shall be paid by the Company to lessor
pesewa yang didiskontokan dengan menggunakan which using the latest series of bond interest rate at
suku bunga obligasi seri terbaru saat insepsi sewa lease inception with the closest tenor to the lease term
dengan tenor yang paling mendekati masa sewa aset of the underlying asset. For underlying assets that the
pendasar. Untuk aset pendasar yang insepsi sewanya lease inception occurred before 1 January 2020, the
terjadi sebelum 1 Januari 2020, maka Perseroan Company discounted the lease liability using bond
mendiskontokan liabilitas sewa menggunakan suku interest rate of latest series that closest to 1 January
bunga obligasi seri yang terdekat 1 Januari 2020 2020 with closest tenor to the remaining lease term of
dengan tenor yang paling mendekati sisa masa sewa the underlying asset.
aset pendasar.
* Tidak diaudit *Unaudited
51
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI YANG 2. MATERIAL ACCOUNTING POLICIES INFORMATION
MATERIAL (lanjutan) INFORMATION (continued)
v. Transaksi sewa (Perseroan sebagai penyewa) v. Lease transaction (the Company as a lessee)
(lanjutan) (continued)
Bunga atas liabilitas sewa diakui sebagai beban bunga Interest expense from lease liabilites is recognised as
dan keuangan untuk satu periode akuntansi dan interest expense and financing charge for one
menambah saldo liabilitas sewa. accounting period and increase the outstanding lease
liability.
Perseroan memilih untuk tidak menerapkan PSAK 73 The Company opted to not apply SFAS 73 for:
untuk:
- Sewa jangka-pendek; dan - Short term lease; and
- Sewa atas aset yang bernilai rendah dan - Lease for low value asset and;
- Sewa atas aset tak berwujud - Lease for intangible assets
Untuk sewa jangka pendek, sewa aset yang bernilai For short term lease, lease for low value asset and
rendah dan sewa atas aset tak berwujud, Perseroan lease for intangible assets the Company applies the
menerapkan kebijakan akuntansi untuk beban dibayar accounting policy for prepaid expense in accordance
dimuka sesuai dengan Catatan 2.j atau mengakui biaya with Note 2.j or recognises lease expense proportionally
sewa secara proporsional selama periode sewa. Beban during the lease period. These expenses are presented
ini disajikan sebagai bagian dari beban umum dan as part of general and administrative expenses.
administrasi.
w. Segmen operasi w. Operating segments
Segmen operasi adalah suatu komponen dari entitas An operating segment is a component of the entity that
yang terlibat dalam aktivitas bisnis yang mana engages in business activities from which it may earn
memperoleh pendapatan dan menimbulkan beban, revenues and incur expenses, including revenues and
termasuk pendapatan dan beban terkait dengan expenses that relate to transactions with any of the
transaksi dengan komponen lain dari entitas yang sama, entity’s components, whose operating results are
yang hasil operasinya dikaji ulang secara regular oleh reviewed regularly by the chief operating decision
pengambil keputusan operasional untuk membuat maker to make decisions about resources allocated to
keputusan tentang sumber daya yang dialokasikan pada the segment and assess its performance, and for which
segmen tersebut dan menilai kinerjanya, dan tersedia discrete financial information is available. The
informasi keuangan yang dapat dipisahkan. Pengambil Company’s chief operating decision maker are Board of
keputusan operasional Perseroan adalah Dewan Directors. Segment results that are reported to the chief
Direksi. Hasil segmen yang dilaporkan kepada operating decision maker include items directly
pengambil keputusan operasional termasuk bagian attributable to a segment as well as those that can be
yang dapat diatribusikan secara langsung kepada allocated on a reasonable basis.
segmen dan juga yang dapat dialokasikan dengan basis
yang wajar.
Perseroan mengelola kegiatan usahanya dan The Company manages its business activities and
mengidentifikasi segmen yang dilaporkan berdasarkan identifies its segments reported based on product
jenis produk dan wilayah geografis. categories and geographic area.
Perseroan menentukan dan menyajikan segmen operasi The Company determines and presents operating
berdasarkan informasi yang secara internal diberikan segments based on the information that is internally
kepada pengambil keputusan operasional. provided to the chief operating decision maker.
* Tidak diaudit *Unaudited
52
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 563
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGMENTS
Pengungkapan ini merupakan tambahan atas pembahasan These disclosures supplement the financial risk
tentang manajemen risiko keuangan (lihat Catatan 37). management disclosures (see Note 37).
a. Sumber utama ketidakpastian estimasi a. Key sources of estimation uncertainty
a.1. Cadangan kerugian penurunan nilai aset a.1. Allowance for impairment losses on financial
keuangan assets
Evaluasi atas kerugian penurunan nilai aset Evaluation for impairment on financial assets which
keuangan berupa piutang pembiayaan konsumen, are consumer financing receivables, murabahah
piutang pembiayaan murabahah dan piutang financing receivables and finance lease receivabes
sewa pembiayaan dijelaskan di Catatan 2h.1. are described in Note 2h.1.
a.2. Penentuan nilai wajar a.2. Determining fair values
Dalam menentukan nilai wajar atas aset keuangan In determining the fair value for financial assets and
dan liabilitas keuangan dimana tidak terdapat financial liabilities for which there is no observable
harga pasar yang dapat diobservasi, Perseroan market price, the Company uses the valuation
menggunakan teknik penilaian seperti dijelaskan techniques as described in Note 2d.6. For financial
pada Catatan 2d.6. Untuk instrumen keuangan instruments that are traded infrequently and have
yang jarang diperdagangkan dan tidak memiliki less price transparency, the fair value is less
harga yang transparan, nilai wajarnya menjadi objective, and requires varying degrees of
kurang objektif dan karenanya, membutuhkan judgment depending on liquidity, concentration,
tingkat pertimbangan (judgment) yang beragam, uncertainty of market factors, pricing assumptions
tergantung pada likuiditas, konsentrasi, and other risks affecting the specific instrument.
ketidakpastian faktor pasar, asumsi penentuan
harga dan risiko lainnya yang mempengaruhi
instrumen tertentu.
a.3. Pensiun a.3. Pension
Program-program pensiun ditentukan Pension programs are determined based on
berdasarkan perhitungan aktuarial. Perhitungan actuarial valuation. The actuarial valuation involves
aktuarial menggunakan asumsi-asumsi seperti assumptions such as discount rate, expected rate
tingkat diskonto, tingkat pengembalian aset, of returns on plan assets, salary increase rate,
tingkat kenaikan penghasilan, tingkat kematian, mortality rate, resignation rate, and others.
tingkat pengunduran diri, dan lain-lain.
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgments in applying the
menetapkan kebijakan akuntansi Perseroan Company’s accounting policies
Pertimbangan akuntansi yang penting dalam Critical accounting judgments made in applying the
menetapkan kebijakan akuntansi Perseroan meliputi Company’s accounting policies include valuation of
penilaian instrumen keuangan. financial instruments.
Kebijakan akuntansi Perseroan untuk pengukuran nilai The Company’s accounting policy on fair value
wajar dibahas di Catatan 2d.6. measurements is discussed in Note 2d.6.
Perseroan mengukur nilai wajar dengan menggunakan The Company measures fair values using the following
hirarki dari metode berikut ini: hierarchy of methods:
• Tingkat 1 • Level 1
Harga kuotasi di pasar yang aktif untuk instrumen Quoted market price in an active market for
keuangan yang sejenis. an identical instrument.
* Tidak diaudit *Unaudited
53
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 564
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGMENTS (continued)
(lanjutan)
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgments in applying
menetapkan kebijakan akuntansi Perseroan the Company’s accounting policies (continued)
(lanjutan)
Perseroan mengukur nilai wajar dengan menggunakan The Company measures fair values using the following
hirarki dari metode berikut ini: (lanjutan) hierarchy of methods: (continued)
• Tingkat 2 • Level 2
Teknik penilaian berdasarkan input yang dapat Valuation techniques based on observable inputs.
diobservasi. Termasuk dalam kategori ini adalah This category includes instruments valued using
instrumen keuangan yang dinilai dengan quoted market prices in active markets for similar
menggunakan harga kuotasi di pasar aktif untuk instruments; quoted prices for similar instruments in
instrumen yang serupa; harga kuotasi untuk markets that are considered less than active; or other
instrumen keuangan yang serupa di pasar yang valuation techniques where all significant inputs are
kurang aktif; atau teknik penilaian lainnya dimana directly or indirectly observable from market data.
seluruh input signifikan yang digunakan dapat
diobservasi secara langsung ataupun tidak
langsung dari data yang tersedia di pasar.
• Tingkat 3 • Level 3
Teknik penilaian yang menggunakan input Valuation techniques using significant unobservable
signifikan yang tidak dapat diobservasi. Termasuk inputs. This category includes all instruments where
dalam kategori ini adalah semua instrumen the valuation technique includes inputs not based on
keuangan dimana teknik penilaiannya observable data and the unobservable inputs could
menggunakan input yang bukan merupakan data have a significant effect on the instrument's valuation.
yang dapat diobservasi dan input yang tidak dapat This category includes instruments that are valued
diobservasi tersebut dapat memiliki dampak based on quoted prices for similar instruments where
signifikan terhadap penilaian instrumen keuangan. significant unobservable adjustments or assumptions
Termasuk dalam kategori ini adalah instrumen yang are required to reflect differences between the
dinilai berdasarkan harga kuotasi untuk instrumen instruments.
yang sejenis dimana terdapat penyesuaian
signifikan yang tidak dapat diobservasi atau
asumsi-asumsi yang diperlukan untuk
mencerminkan selisih antara instrumen keuangan
yang diperbandingkan.
* Tidak diaudit *Unaudited
54
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 565
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
4. KAS DAN KAS DI BANK 4. CASH ON HAND AND IN BANKS
2023 - 2022 -
Kas Cash on hand
Rupiah 128.375 111.028 Rupiah
Kas di bank Cash in banks
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Mega Tbk 300.216 350.831 PT Bank Mega Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat & Banten Tbk 110.071 100.114 Jawa Barat & Banten Tbk
PT Bank Central Asia Tbk 65.310 58.859 PT Bank Central Asia Tbk
PT Bank Maybank Indonesia Tbk 50.435 100.518 PT Bank Maybank Indonesia Tbk
PT Bank Negara Indonesia (Persero) Tbk 15.617 39.669 PT Bank Negara Indonesia (Persero) Tbk
PT Bank BCA Syariah 15.096 20.048 PT Bank BCA Syariah
PT Bank Pan Indonesia Tbk 11.424 14 PT Bank Pan Indonesia Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 1.097 2.534 PT Bank Rakyat Indonesia (Persero) Tbk
JPMorgan Chase Bank, N.A., cabang Jakarta 32 1.798 JPMorgan Chase Bank, N.A., Jakarta branch
Lain-lain (masing-masing di bawah Rp500) 225 256 Others (each below Rp500)
569.523 674.641
Dolar Amerika Serikat United States Dollar
PT Bank Central Asia Tbk PT Bank Central Asia Tbk
(lihat Catatan 40) 576 582 (see Note 40)
570.099 675.223
Pihak berelasi Related parties
Rupiah Rupiah
PT Bank Danamon Indonesia Tbk 736.964 500.063 PT Bank Danamon Indonesia Tbk
MUFG Bank, Ltd. (Jakarta) 30 17 MUFG Bank, Ltd. (Jakarta)
736.994 500.080
Dolar Amerika Serikat United States Dollar
PT Bank Danamon Indonesia Tbk PT Bank Danamon Indonesia Tbk
(lihat Catatan 40) 23 31 (see Note 40)
737.017 500.111
1.435.491 1.286.362
1
Tingkat suku bunga setahun untuk kas di bank dalam Interest rates per annum for cash in banks in Indonesian
Rupiah berkisar 0,75% - 6,00% pada tahun 2023 (2022: Rupiah ranged from 0.75% - 6.00% in 2023 (2022: 0.75% -
0,75% - 3,85%). 3.85%).
Rata-rata tertimbang tingkat suku bunga efektif kas di The weighted average effective interest rate of cash in
bank dalam Rupiah per tahun pada tanggal 31 Desember banks in Indonesian Rupiah per annum as of 31 December
2023 adalah 2,78% (2022: 2,35%). 2023 was 2.78% (2022: 2.35%).
Tidak ada saldo kas dan kas di bank yang dibatasi There is no cash on hand and in banks that is restricted as
penggunaannya pada tanggal 31 Desember 2023 dan of 31 December 2023 and 2022.
2022.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar kas dan kas Information with respect to the classification and fair value of
di bank diungkapkan pada Catatan 38. cash on hand and in banks is disclosed in Note 38.
* Tidak diaudit *Unaudited
55
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 566
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN 5. CONSUMER FINANCING RECEIVABLES
2023 - 2022 -
Piutang pembiayaan konsumen - bruto Consumer financing receivables - gross
Pihak ketiga 54.543.849 44.078.877 Third parties
Pihak berelasi 6.122 4.691 Related parties
54.549.971 44.083.568
Pendapatan pembiayaan konsumen
yang belum diakui Unearned consumer financing income
Pihak ketiga (12.673.901) (9.935.471) Third parties
Pihak berelasi (679) (301) Related parties
(12.674.580) (9.935.772)
41.875.391 34.147.796
Dikurangi: Less:
Bagian piutang pembiayaan konsumen yang Portion of consumer financing receivables
dibiayai pihak berelasi - neto (19.924.172) (15.690.617) financed by related party - net
21.951.219 18.457.179
Cadangan kerugian penurunan nilai Allowance for impairment losses
Pihak ketiga (1.270.483) (1.252.416) Third parties
Pihak berelasi (107) (42) Related parties
(1.270.590) (1.252.458)
Piutang pembiayaan konsumen - neto 20.680.629
1 17.204.721 Consumer financing receivables - net
Pada tanggal 31 Desember 2023, piutang pembiayaan As of 31 December 2023, the gross consumer financing
konsumen bruto di atas termasuk biaya transaksi yang receivables above include transaction costs directly
terkait langsung dengan pemberian pembiayaan konsumen attributable to the origination of consumer financing
sebesar Rp981.807 (2022: Rp597.127) (lihat Catatan 2d.2). accounts amounting to Rp981,807 (2022: Rp597,127) (see
Note 2d.2).
Rata-rata jangka waktu kontrak pembiayaan konsumen The average period of consumer financing contracts as of
pada tanggal 31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut:
2023 - 2022 -
Mobil 49 bulan/months 46 bulan/months Cars
Sepeda motor 29 bulan/months 28 bulan/months Motorcycles
Barang durable 12 bulan/months 12 bulan/months Durable goods
Lainnya 22 bulan/months 21 bulan/months Others
Angsuran piutang pembiayaan konsumen bruto yang akan The installments of gross consumer financing receivables,
diterima dari konsumen sesuai dengan tanggal jatuh tempo which will be collected from consumers in accordance with
kontraktualnya adalah sebagai berikut: the contractual due dates are as follows:
2023 - 2022 -
< 1 tahun 25.218.835 21.360.560 < 1 year
1 - 2 tahun 15.569.412 12.455.729 1 - 2 years
> 2 tahun 13.761.724 10.267.279 > 2 years
Jumlah piutang pembiayaan konsumen - bruto 54.549.971 44.083.568
1 Total consumer financing receivables - gross
* Tidak diaudit *Unaudited
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Page 567
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES (continued)
Rata-rata tertimbang tingkat suku bunga efektif piutang The weighted average effective interest rate of consumer
pembiayaan konsumen per tahun pada tanggal financing receivables per annum as of 31 December 2023
31 Desember 2023 dan 2022 adalah sebagai berikut: and 2022 are as follows:
2023 - 2022 -
Mobil 17,06% 18,70% Cars
Sepeda motor 34,18% 35,03% Motorcycles
Barang durable 61,49% 61,77% Durable goods
Lainnya 32,23% 34,09% Others
Pengelompokan piutang pembiayaan konsumen bruto The breakdown of gross consumer financing receivables
menurut jumlah hari tunggakan adalah sebagai berikut: based on overdue days are as follows:
2023 - 2022 -
Lancar 43.278.867 35.664.858 Current
Dalam perhatian khusus 10.311.862 7.782.504 Special mention
Kurang lancar 353.020 228.162 Substandard
Diragukan 606.222 408.044 Doubtful
Piutang pembiayaan konsumen - bruto 54.549.971 44.083.568
1 Consumer financing receivables - gross
Pengelompokan piutang pembiayaan konsumen menurut Classification of consumer financing receivables based on
debitur disajikan pada Catatan 37. debtor is presented in Note 37.
Piutang pembiayaan konsumen bruto berdasarkan jenis Gross consumer financing receivables based on financing
obyek pembiayaan adalah sebagai berikut: object are as follows:
2023 - 2022 -
Mobil 26.576.700 22.826.877 Cars
Sepeda motor 18.670.727 14.438.920 Motorcycles
Barang durable 260.905 204.733 Durable goods
Lainnya 9.041.639 6.613.038 Others
54.549.971 44.083.568
1
Rincian pendapatan pembiayaan konsumen yang belum Details of unearned consumer financing income are as
diakui adalah sebagai berikut: follows:
2023 - 2022 -
Pembiayaan sendiri 8.946.471 7.273.364 Self financing
Dibiayai pihak berelasi 3.728.109 2.662.408 Financed by related parties
12.674.580
1 9.935.772
1
* Tidak diaudit *Unaudited
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 568
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES (continued)
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses
sebagai berikut: were as follows:
2023 - 2022 -
Saldo pada awal tahun Balance at beginning of year
Pihak ketiga 1.252.416 1.218.873 Third parties
Pihak berelasi 42 17 Related parties
1.252.458 1.218.890
Penyisihan selama tahun berjalan Provision during the year
Pihak ketiga 1.215.121 990.759 Third parties
Pihak berelasi 65 25 Related parties
1.215.186 990.784
2.467.644 2.209.674
Penghapusan piutang Receivables written-off
Pihak ketiga (1.197.054) (957.216) Third parties
Saldo pada akhir tahun 1.270.590
1 1.252.458
1 Balance at end of year
Piutang pembiayaan konsumen dievaluasi untuk penurunan Consumer financing receivables are evaluated for
nilai atas dasar seperti yang dijelaskan pada Catatan 2h.1. impairment on the basis described in Note 2h.1.
Piutang pembiayaan konsumen yang telah direstrukturisasi Restructured consumer financing receivables as of
pada tanggal 31 Desember 2023 sebesar Rp426.896 (2022: 31 December 2023 amounted to Rp426,896 (2022:
Rp834.174). Rp834,174).
Piutang pembiayaan konsumen pada tanggal Consumer financing receivables as of 31 December 2023
31 Desember 2023 sebesar Rp Nihil (2022: Rp392.431) amounting to Rp Nil (2022: Rp392,431) were used as
digunakan sebagai jaminan atas pinjaman yang diterima collateral to borrowings (see Note 16) and amounting to
(lihat Catatan 16) dan sebesar Rp562.875 (2022: Rp562,875 (2022: Rp874,250) were used as collateral to
Rp874.250) digunakan sebagai jaminan utang obligasi (lihat bonds payable (see Note 18).
Catatan 18).
Sebagai jaminan atas piutang pembiayaan konsumen For the collateral to the vehicle consumer financing
kendaraan bermotor yang diberikan, Perseroan menerima receivables, the Company received the Certificates of
jaminan dari konsumen berupa Bukti Pemilikan Kendaraan Ownership (“BPKB”) of the vehicles financed by the
Bermotor (“BPKB”) atas kendaraan bermotor yang dibiayai Company.
Perseroan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses arising
kerugian yang mungkin timbul akibat tidak tertagihnya from uncollectible consumer financing receivables.
piutang pembiayaan konsumen.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value
pembiayaan konsumen diungkapkan pada Catatan 38. of consumer financing receivables is disclosed in Note 38.
Pembiayaan bersama Joint financing
Perseroan melakukan kerjasama pembiayaan bersama The Company entered into joint financing with PT Bank
dengan PT Bank Danamon Indonesia Tbk (Lihat Catatan Danamon Indonesia Tbk (see Note 36).
36).
* Tidak diaudit *Unaudited
58
564
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 569
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 5. CONSUMER FINANCING RECEIVABLES (continued)
Pengambilalihan piutang pembiayaan Take-over of financing receivables
Pada tanggal 17 April 2023, Perseroan telah On 17 April 2023, the Company has signed the Portfolio
menandatangani Perjanjian Transfer Portfolio dengan Transfer Agreement with Standard Chartered Bank
Standard Chartered Bank Indonesia (“SCBI”) untuk Indonesia (“SCBI”) to acquire SCBI's Conventional Retail
mengakuisisi portfolio Pinjaman Ritel Konvensional SCBI Loan portfolio that consists of Auto Loan with the agreed
yang terdiri atas Kredit Kendaraan Bermotor dengan harga purchase price is Rp61,432.
beli yang disepakati sebesar Rp61.432.
6. PIUTANG PEMBIAYAAN MURABAHAH 6. MURABAHAH FINANCING RECEIVABLES
2023 - 2022 -
Piutang pembiayaan murabahah - bruto Murabahah financing receivables - gross
Pihak ketiga 16.159.859 12.417.249 Third parties
Pihak berelasi 317 334 Related parties
16.160.176 12.417.583
Marjin murabahah yang belum diakui Unearned murabahah margin
Pihak ketiga (3.813.876) (2.945.116) Third parties
Pihak berelasi (23) (20) Related parties
(3.813.899) (2.945.136)
12.346.277 9.472.447
Dikurangi: Less:
Bagian piutang pembiayaan murabahah yang Portion of murabahah financing receivables
dibiayai pihak berelasi - neto (6.534.107) (5.251.230) financed by related party - net
5.812.170 4.221.217
Cadangan kerugian penurunan nilai Allowance for impairment losses
Pihak ketiga (292.095) (187.851) Third parties
Pihak berelasi (13) (9) Related parties
(292.108) (187.860)
Piutang pembiayaan murabahah - neto 5.520.062
1 4.033.357
1 Murabahah financing receivables - net
Pada tanggal 31 Desember 2023, piutang pembiayaan As of 31 December 2023, the gross murabahah financing
murabahah bruto termasuk biaya transaksi yang terkait receivables include transaction costs directly attributable to
langsung dengan pemberian pembiayaan murabahah the origination of murabahah financing accounts amounted
sebesar Rp325.824 (2022: Rp215.295) (lihat Catatan 2d.2). to Rp325,824 (2022: Rp215,295) (see Note 2d.2).
Rata-rata jangka waktu kontrak pembiayaan murabahah The average period of murabahah financing contracts as of
pada tanggal 31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut:
2023 - 2022 -
Mobil 49 bulan/months 48 bulan/months Cars
Sepeda motor 29 bulan/months 29 bulan/months Motorcycles
Barang durable 12 bulan/months 12 bulan/months Durable goods
Lainnya 24 bulan/months 21 bulan/months Others
* Tidak diaudit *Unaudited
59
565
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 570
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG PEMBIAYAAN MURABAHAH (lanjutan) 6. MURABAHAH FINANCING RECEIVABLES (continued)
Angsuran piutang pembiayaan murabahah bruto yang akan The installments of gross murabahah financing receivables,
diterima dari konsumen sesuai dengan tanggal jatuh tempo which will be collected from consumers in accordance with
kontraktualnya adalah sebagai berikut: the contractual due dates are as follows:
2023 - 2022 -
< 1 tahun 6.956.085 5.454.204 < 1 year
1 - 2 tahun 4.680.746 3.654.751 1 - 2 years
> 2 tahun 4.523.345 3.308.628 > 2 years
Jumlah piutang pembiayaan murabahah - bruto 16.160.176
1 12.417.583
1 Total murabahah financing receivables - gross
Rata-rata tertimbang marjin efektif piutang pembiayaan The weighted average effective margin of murabahah
murabahah per tahun pada tanggal 31 Desember 2023 dan financing receivables per annum as of 31 December 2023
2022 adalah sebagai berikut: and 2022 are as follows:
2023 - 2022 -
Mobil 17,39% 18,05% Cars
Sepeda Motor 33,55% 34,10% Motorcycles
Barang durable 61,87% 63,12% Durable goods
Lainnya 28,11% 31,96% Others
Pengelompokan piutang pembiayaan murabahah bruto The breakdown of gross murabahah financing receivables
menurut jumlah hari tunggakan adalah sebagai berikut: based on overdue days are as follows:
2023 - 2022 -
Lancar 12.912.647 10.209.853 Current
Dalam perhatian khusus 2.967.481 2.045.871 Special mention
Kurang lancar 103.689 54.184 Substandard
Diragukan 176.359 107.675 Doubtful
Piutang pembiayaan murabahah - bruto 16.160.176
1 12.417.583
1 Murabahah financing receivables - gross
Pengelompokan piutang pembiayaan murabahah menurut Classification of murabahah financing receivables based on
debitur disajikan pada Catatan 37. debtor is presented in Note 37.
Piutang pembiayaan murabahah bruto berdasarkan jenis Gross murabahah financing receivables based on financing
obyek pembiayaan adalah sebagai berikut: object are as follows:
2023 - 2022 -
Mobil 9.935.161 7.389.237 Cars
Sepeda motor 6.127.101 4.924.022 Motorcycles
Barang durable 90.356 77.815 Durable goods
Lainnya 7.558 26.509 Others
16.160.176
1 12.417.583
1
Rincian marjin murabahah yang belum diakui adalah Details of unearned murabahah margin are as follows:
sebagai berikut:
2023 - 2022 -
Pembiayaan sendiri 2.451.409 2.019.255 Self financing
Dibiayai pihak berelasi 1.362.490 925.881 Financed by related parties
3.813.899
1 2.945.136
1
* Tidak diaudit *Unaudited
60
566
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 571
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. PIUTANG PEMBIAYAAN MURABAHAH (lanjutan) 6. MURABAHAH FINANCING RECEIVABLES (continued)
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2023 - 2022 -
Saldo pada awal tahun Balance at beginning of year
Pihak ketiga 187.851 145.667 Third parties
Pihak berelasi 9 9 Related parties
187.860 145.676
Penyisihan selama tahun berjalan Provision during the year
Pihak ketiga 413.208 227.253 Third parties
Pihak berelasi 4 - Related parties
413.212 227.253
601.072 372.929
Penghapusan piutang Receivables written-off
Pihak ketiga (308.964) (185.069) Third parties
Saldo pada akhir tahun 292.108
1 187.860
1 Balance at end of year
Piutang pembiayaan murabahah dievaluasi untuk Murabahah financing receivables are evaluated for
penurunan nilai atas dasar seperti yang dijelaskan pada impairment on the basis described in Note 2h.1.
Catatan 2h.1.
Piutang pembiayaan murabahah yang telah direstrukturisasi Restructured murabahah financing receivables as of
pada tanggal 31 Desember 2023 sebesar Rp61.005 (2022: 31 December 2023 amounted to Rp61,005 (2022:
Rp88.313). Rp88,313).
Piutang pembiayaan murabahah pada tanggal Murabahah financing receivables as of 31 December 2023
31 Desember 2023 sebesar Rp23.000 (2022: Rp37.500) amounting to Rp23,000 (2022: Rp37,500) were used as
digunakan sebagai jaminan sukuk mudharabah (lihat collateral to mudharabah bonds (see Note 22).
Catatan 22).
Sebagai jaminan atas piutang pembiayaan murabahah For the collateral to the vehicle murabahah financing
kendaraan bermotor yang diberikan, Perseroan menerima receivables, the Company received the Certificates of
jaminan dari konsumen berupa Bukti Pemilikan Kendaraan Ownership (“BPKB”) of the vehicles financed by the
Bermotor (“BPKB”) atas kendaraan bermotor yang dibiayai Company.
Perseroan.
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses arising
kerugian yang mungkin timbul akibat tidak tertagihnya from uncollectible murabahah financing receivables.
piutang pembiayaan murabahah.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
pembiayaan murabahah diungkapkan pada Catatan 38. murabahah financing receivables is disclosed in Note 38.
Pembiayaan bersama Joint financing
Perseroan melakukan kerjasama pembiayaan bersama The Company entered into joint financing with PT Bank
dengan PT Bank Danamon Indonesia Tbk (lihat Catatan 36). Danamon Indonesia Tbk (see Note 36).
* Tidak diaudit *Unaudited
61
567
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 572
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG SEWA PEMBIAYAAN 7. FINANCE LEASE RECEIVABLES
2023 - 2022 -
Konvensional 1.212.876 839.335 Conventional
Syariah 231.424 78.670 Sharia
Piutang sewa pembiayaan 1.444.300
1 918.005
1 Finance leases receivables
Konvensional: Conventional:
2023 - 2022 -
Piutang sewa pembiayaan - bruto 1.447.447 1.018.194 Finance leases receivables - gross
Nilai residu yang terjamin 455.335 321.966 Guaranteed residual value
Pendapatan sewa pembiayaan yang
belum diakui (184.084) (133.602) Unearned finance lease income
Simpanan jaminan (455.335) (321.966) Security deposits
1.263.363 884.592
Cadangan kerugian penurunan nilai (50.487) (45.257) Allowance for impairment losses
Piutang sewa pembiayaan - neto 1.212.876
1 839.335
1 Finance leases receivables - net
Syariah: Sharia:
2023 - 2022 -
Aset IMBT 330.547 97.991 Asset IMBT
Akumulasi penyusutan (88.840) (17.130) Accumulated Depreciation
Cadangan kerugian penurunan nilai (10.283) (2.191) Allowance for impairment losses
Aset IMBT - neto 231.424
1 78.670
1 Asset IMBT - net
Pada tanggal 31 Desember 2023, piutang sewa pembiayaan As of 31 December 2023, the gross finance lease
bruto termasuk biaya transaksi yang terkait langsung dengan receivables include transaction costs directly attributable to
pemberian pembiayaan sewa sebesar Rp5.421 (2022: the origination of finance lease accounts amounting to
Rp1.977) (lihat Catatan 2d.2). Rp5,421 (2022: Rp1,977) (see Note 2d.2).
Rata-rata jangka waktu kontrak sewa pembiayaan pada The average period of finance lease contracts as of
tanggal 31 Desember 2023 dan 2022 adalah sebagai 31 December 2023 and 2022 are as follows:
berikut:
2023 - 2022 -
Mobil 40 bulan/months 39 bulan/months Cars
Sepeda motor 28 bulan/months 30 bulan/months Motorcycles
Lainnya 23 bulan/months 24 bulan/months Others
Angsuran piutang sewa pembiayaan bruto yang akan The installments of gross finance lease receivables, which
diterima dari konsumen sesuai dengan tanggal jatuh tempo will be collected from consumers in accordance with the
kontraktualnya adalah sebagai berikut: contractual due dates are as follows:
2023 - 2022 -
< 1 tahun 919.658 517.865 < 1 year
1 - 2 tahun 509.221 397.763 1 - 2 years
> 2 tahun 260.275 183.427 > 2 years
Jumlah piutang sewa pembiayaan - bruto 1.689.154
1 1.099.055
1 Total finance lease receivables - gross
* Tidak diaudit *Unaudited
62
568
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 573
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG SEWA PEMBIAYAAN (lanjutan) 7. FINANCE LEASE RECEIVABLES (continued)
Rata-rata tertimbang tingkat suku bunga efektif piutang The weighted average effective interest rates of finance
sewa pembiayaan (konvensional) per tahun pada tanggal lease receivables (conventional) per annum as of
31 Desember 2023 dan 2022 adalah sebagai berikut: 31 December 2023 and 2022 are as follows:
2023 - 2022 -
Mobil 11,33% 12,61% Cars
Sepeda Motor 25,56% 24,16% Motorcycles
Alat berat dan lainnya 14,07% 13,45% Heavy equipment and others
Pengelompokan piutang sewa pembiayaan bruto menurut The breakdown of gross finance lease receivables based on
jumlah hari tunggakan adalah sebagai berikut: overdue days are as follows:
2023 - 2022 -
Lancar 1.527.941 1.052.943 Current
Dalam perhatian khusus 156.096 45.532 Special mention
Kurang lancar 2.336 437 Substandard
Diragukan 2.781 143 Doubtful
Piutang sewa pembiayaan - bruto 1.689.154
1 1.099.055
1 Finance lease receivables - gross
Piutang sewa pembiayaan bruto berdasarkan jenis obyek Gross finance lease receivables based on financing object
pembiayaan adalah sebagai berikut: are as follows:
2023 - 2022 -
Mobil 635.397 500.041 Cars
Sepeda motor 2.326 3.336 Motorcycles
Alat berat 464.859 347.688 Heavy equipment
Lainnya 586.572 247.990 Others
1.689.154
1 1.099.055
1
Perubahan cadangan kerugian penurunan nilai adalah The movements of the allowance for impairment losses were
sebagai berikut: as follows:
2023 - 2022 -
Saldo pada awal tahun 47.448 11.707 Balance at beginning of year
Penyisihan selama tahun berjalan 19.256 37.633 Provision during the year
66.704 49.340
Penghapusan piutang (5.934) (1.892) Receivables written-off
Saldo pada akhir tahun 60.770
1 47.448
1 Balance at end of year
Piutang sewa pembiayaan dievaluasi untuk penurunan nilai Finance lease receivables are evaluated for impairment on
atas dasar seperti yang dijelaskan pada Catatan 2h.1. the basis described in Note 2h.1.
Piutang sewa pembiayaan yang telah direstrukturisasi pada Restructured finance lease receivables as of 31 December
tanggal 31 Desember 2023 sebesar Rp5.859 (2022: 2023 amounted to Rp5,859 (2022: Rp746).
Rp746).
Pada saat perjanjian sewa pembiayaan dimulai, lessee At the time of execution of the finance lease agreements,
memberikan simpanan jaminan. Simpanan jaminan ini akan the lessees pay security deposits. The security deposits are
digunakan sebagai pembayaran pada akhir masa sewa used as the final installment at the end of the finance lease
pembiayaan, bila hak opsi dilaksanakan lessee. Apabila period, if the lessees exercise the option to purchase the
lessee tidak melaksanakan hak opsinya untuk membeli aset leased asset. If the lessees do not exercise the purchase
sewa pembiayaan tersebut maka simpanan jaminan option, the security deposit will be returned to the lessees as
dikembalikan kepada lessee sepanjang memenuhi long as it meets the conditions in the finance lease
ketentuan dalam perjanjian sewa pembiayaan. agreements.
* Tidak diaudit *Unaudited
63
569
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 574
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PIUTANG SEWA PEMBIAYAAN (lanjutan) 7. FINANCE LEASE RECEIVABLES (continued)
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk cukup untuk menutup losses provided is adequate to cover possible losses
kerugian yang mungkin timbul akibat tidak tertagihnya arising from uncollectible finance lease receivables.
piutang sewa pembiayaan.
Informasi mengenai klasifikasi dan nilai wajar piutang sewa Information with respect to the classification and fair value
pembiayaan diungkapkan pada Catatan 38. of finance lease receivables is disclosed in Note 38.
8. BEBAN DIBAYAR DIMUKA 8. PREPAID EXPENSES
2023 - 2022 -
Pihak ketiga Third parties
Sewa 31.954 29.074 Rent
Renovasi bangunan 28.750 35.089 Building renovation
Tunjangan karyawan 4.865 6.669 Employees’ allowances
Emisi sukuk mudharabah 2.386 693 Mudharabah bonds issuance
Lain-lain 36.205 20.708 Others
104.160 92.233
Pihak berelasi Related party
Premi asuransi kesehatan, aset tetap Health, fixed asset and other
dan lainnya 38.904 36.372 insurance premium
143.064
1 128.605
1
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
9. PIUTANG LAIN-LAIN 9. OTHER RECEIVABLES
2023 - 2022 -
Pihak ketiga Third parties
Piutang agen pembayaran 137.909 88.420 Payment channel receivables
Piutang karyawan 89.120 67.397 Employee receivables
Piutang klaim asuransi 15.018 18.064 Insurance claims receivable
Piutang komisi asuransi 7.796 10.270 Insurance commission receivables
Lain-lain - neto 24.066 21.046 Others - net
273.909 205.197
Pihak berelasi Related parties
Piutang komisi asuransi 53.019 50.882 Insurance commission receivables
Piutang karyawan 14.133 12.142 Employee receivables
67.152 63.024
341.061 268.221
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that allowance for impairment losses
penurunan nilai atas piutang lain-lain dari pihak ketiga yang of other receivables from third parties included in “others” as
dimasukkan sebagai “lain-lain” pada tanggal 31 Desember of 31 December 2023 amounting to Rp51 (2022: Rp994) is
2023 sebesar Rp51 (2022: Rp994) cukup untuk menutupi adequate to cover possible losses from uncollectible other
kerugian yang mungkin timbul akibat tidak tertagihnya receivables from third parties.
piutang lain-lain dari pihak ketiga.
Manajemen berpendapat bahwa seluruh piutang lain-lain Management believes that all other receivables are fully
dapat tertagih. collectible.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
* Tidak diaudit *Unaudited
64
570
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 575
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. PIUTANG LAIN-LAIN (lanjutan) 9. OTHER RECEIVABLES (continued)
Informasi mengenai klasifikasi dan nilai wajar piutang Information with respect to the classification and fair value of
karyawan, piutang klaim asuransi dan piutang komisi employee receivables, insurance claims receivables and
asuransi diungkapkan pada Catatan 38. insurance commission receivables are disclosed in Note 38.
10. ASET/LIABILITAS DERIVATIF 10. DERIVATIVE ASSETS/LIABILITIES
2023 - 2022 -
Aset derivatif Derivative assets
Pihak ketiga Third parties
PT Bank Maybank Indonesia Tbk 1.006 2.518 PT Bank Maybank Indonesia Tbk
PT Bank UOB Indonesia - 16.306 PT Bank UOB Indonesia
PT Bank BNP Paribas Indonesia - 10.739 PT Bank BNP Paribas Indonesia
PT Bank CIMB Niaga Tbk - 8.533 PT Bank CIMB Niaga Tbk
PT Bank DBS Indonesia - 2.788 PT Bank DBS Indonesia
1.006
-- 40.884
--
Liabilitas derivatif Derivative liabilities
Pihak ketiga Third parties
PT Bank OCBC NISP Tbk - 5.693 PT Bank OCBC NISP Tbk
- 5.693
--
-
Pada tanggal 31 Desember 2023, Perseroan mempunyai As of 31 December 2023, the Company has an outstanding
kontrak cross currency swap dengan pihak ketiga yang cross currency swap contracts with third party which is PT
belum jatuh tempo dengan PT Bank Maybank Indonesia Bank Maybank Indonesia Tbk.
Tbk.
Perseroan melakukan kontrak cross currency swap dengan The Company entered into cross currency swap contracts to
tujuan lindung nilai atas risiko fluktuasi arus kas yang hedge the risk of fluctuations in cash flows arising from
ditimbulkan oleh kurs mata uang dan tingkat suku bunga exchange rates and interest rates on borrowing.
atas pinjaman yang diterima.
Perubahan atas nilai wajar dari kontrak cross currency swap Changes in the fair value of the cross currency swap contract
yang ditetapkan sebagai instrumen lindung nilai, yang designated as hedging instruments that effectively offset the
secara efektif menghapus variabilitas arus kas dari pinjaman variability of cash flows associated with the borrowings are
terkait dicatat di penghasilan komprehensif lainnya. Nilai ini recorded in other comprehensive income. The amounts are
kemudian diakui dalam laporan laba rugi sebagai subsequently recognised in the statement of profit or loss as
penyesuaian atas laba atau rugi selisih kurs dan beban adjustments of the exchange rate differences and interest
bunga pinjaman terkait yang dilindungi nilai pada periode payments related to the hedged borrowings in the same
yang sama dimana selisih kurs dan beban bunga tersebut period in which the related exchange rate differences and
diakui pada perkiraan laba rugi. interest payments affect profit or loss.
* Tidak diaudit *Unaudited
65
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 576
572
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET/LIABILITAS DERIVATIF (lanjutan) 10. DERIVATIVE ASSETS/LIABILITIES (continued)
Rincian dari kontrak - kontrak tersebut pada tanggal 31 Desember 2023 dan The details of these contracts as of 31 December 2023 and 2022 are as follows:
2022 adalah sebagai berikut:
Sisa nilai kontrak/ Aset/(liabilitas) derivatif/
Periode kontrak/Contract period Remaining contract value Derivative asset/(liabilities)
Pihak lawan/ Nilai kontrak/
Counterparty Contract value Awal/Start Akhir/End 2023 2022 2023 2022
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Cross currency and interest rate swap
26 Juni/ 26 Juni/
PT Bank BNP Paribas Indonesia USD 30.000.000 June 2020 June 2023 - USD 5.000.000 - 6.258
9 Juli/ 10 Juli/
PT Bank BNP Paribas Indonesia USD 20.000.000 July 2020 July 2023 - USD 5.000.000 - 4.481
6 April/ 6 April/
PT Bank OCBC NISP Tbk USD 35.000.000 April 2020 April 2023 - USD 5.833.333 - (5.693)
29 Mei/ 30 Mei/
PT Bank CIMB Niaga Tbk USD 30.000.000 May 2020 May 2023 - USD 5.000.000 - 3.119
9 Juli/ 10 Juli/
PT Bank CIMB Niaga Tbk USD 25.000.000 July 2020 July 2023 - USD 6.250.000 - 5.414
PT Bank Maybank Indonesia 28 Mei/ 30 Mei/
Tbk USD 25.000.000 May 2020 May 2023 - USD 4.166.667 - 2.518
PT Bank Maybank Indonesia 12 Desember/ 11 Desember/
Tbk JPY 2.160.000.000 December 2023 December 2026 JPY 2.160.000.000 - 1.006 -
11 Maret/ 10 Maret/
PT Bank UOB Indonesia USD 35.000.000 March 2020 March 2023 - USD 2.916.667 - 4.059
19 Februari/ 17 Februari/
PT Bank UOB Indonesia USD 30.000.000 February 2020 February 2023 - USD 2.500.000 - 4.757
9 Juli/ 10 Juli/
PT Bank UOB Indonesia USD 25.000.000 July 2020 July 2023 - USD 6.250.000 - 5.477
28 Mei/ 30 Mei/
PT Bank UOB Indonesia USD 20.000.000 May 2020 May 2023 - USD 3.333.333 - 2.013
* Tidak diaudit *Unaudited
66
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET/LIABILITAS DERIVATIF (lanjutan) 10. DERIVATIVE ASSETS/LIABILITIES (continued)
Rincian dari kontrak - kontrak tersebut pada tanggal 31 Desember 2023 dan The details of these contracts as of 31 December 2023 and 2022 are as follows:
2022 adalah sebagai berikut: (lanjutan) (continued)
Sisa nilai kontrak/ Aset/(liabilitas) derivatif/
Periode kontrak/Contract period Remaining contract value Derivative asset/(liabilities)
Pihak lawan/ Nilai kontrak/
Counterparty Contract value Awal/Start Akhir/End 2023 2022 2023 2022
Cross currency and interest rate swap
29 Mei/ 30 Mei/
PT Bank DBS Indonesia USD 25.000.000 May 2020 May 2023 - USD 4.166.667 - 2.788
1.006 35.191
* Tidak diaudit *Unaudited
67
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
573
Page 578
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. ASET/LIABILITAS DERIVATIF (lanjutan) 10. DERIVATIVE ASSETS/LIABILITIES (continued)
Kerugian kumulatif yang timbul dari perubahan nilai wajar The cumulative losses arising from the changes in fair values
instrumen derivatif pada tanggal 31 Desember 2023 of the derivative instruments as of 31 December 2023
sebesar Rp748 (2022: Rp3.383) disajikan sebagai amounting to Rp748 (2022: Rp3,383) were presented as
“Kerugian kumulatif atas instrumen derivatif untuk lindung “Cumulative losses on derivative instruments for cash flows
nilai arus kas - neto” sebagai bagian “Ekuitas” pada laporan hedges - net” under the “Equity” section in the statement of
posisi keuangan dan akan diakui dalam laporan laba rugi financial position and will be recognised in the statement of
pada saat realisasinya. profit or loss upon its realisation.
Pada tahun 2023 dan 2022, jumlah yang telah In 2023 and 2022, the total amount which had been
direklasifikasi dari ekuitas ke laporan laba rugi tahun reclassified from equity to the current year statement of profit
berjalan adalah sebagai berikut: or loss are as follows:
2023 - 2022 -
Jumlah yang telah direklasifikasi dari ekuitas The amount had been reclassified from equity
ke laba selisih kurs-bersih (17.010) 146.315 to net profit on foreign exchange
Jumlah yang telah direklasifikasi dari ekuitas The amount had been reclassified from equity
ke beban bunga dan keuangan (5.618) (122.751) to interest expense and financing charges
(22.628)
- 23.564
-
Jumlah laba rugi selisih kurs yang direklasifikasi dari The foreign exchange gain or loss reclassified from equity is
ekuitas dikompensasikan di laporan laba rugi terhadap laba offset against the foreign exchange gain or loss from related
rugi selisih kurs dari pinjaman yang diterima, yang terkait hedged borrowings in statement of the profit or loss. The
dengan lindung nilai. Beban bunga dan keuangan yang di interest and financing charges reclassified from equity
reklasifikasi dari ekuitas adalah swap cost untuk mengubah represent swap cost to convert the interest rate.
tingkat suku bunga.
11. INVESTASI DALAM SAHAM 11. INVESTMENT IN SHARES
PT Home Credit Indonesia PT Home Credit Indonesia
Pada tanggal 2 Oktober 2023, Perseroan melakukan On 2 October 2023, the Company invested in PT Home
penyertaan pada PT Home Credit Indonesia ("HCI") Credit Indonesia ("HCI") with purchase price of
dengan harga beli sebesar EUR23.163.839 (nilai penuh) EUR23,163,839 (full amount) or equivalent to Rp380,397
atau setara dengan Rp380.397 yang mewakili 9,83% which represents 9.83% (nine point eighty three percent) of
(sembilan koma delapan puluh tiga persen) dari modal the issued and paid up capital of HCI. As of 31 December
ditempatkan dan disetor HCI. Pada tanggal 31 Desember 2023, the carrying value of investment in shares on PT
2023, nilai tercatat investasi dalam saham pada PT Home Home Credit Indonesia amounting to Rp386,360.
Credit Indonesia sebesar Rp386.360.
PT Adira Quantum Multifinance PT Adira Quantum Multifinance
Pada tanggal 31 Desember 2022, persentase kepemilikan As of 31 December 2022, the percentage ownership interest
saham pada PT Adira Quantum Multifinance adalah in PT Adira Quantum Multifinance is 1% with the carrying
sebesar 1% dengan nilai tercatat sebesar Rp650. value of Rp650.
Pada tahun 2017, PT Adira Quantum Multifinance telah In 2017, PT Adira Quantum Multifinance has terminated its
menghentikan kegiatan operasional dan dalam proses operation and in the liquidation process, based on the
dilikuidasi, berdasarkan RUPSLB PT Adira Quantum EGMS of PT Adira Quantum Multifinance as stipulated in
Multifinance yang dituangkan dalam Akta Pernyataan Deed of Shareholders Resolution No.126 dated 22 August
Keputusan Pemegang Saham No.126 tanggal 22 Agustus 2017 by Hasbullah Abdul Rasyid, S.H., M.Kn., Notary in
2017 yang dibuat di hadapan Hasbullah Abdul Rasyid, Jakarta. The implementation of the assets and obligation
S.H., M.Kn., Notaris di Jakarta. Pelaksanaan penyelesaian settlement concerning the dissolution and liquidation process
harta kekayaan dan kewajiban sehubungan dengan proses of PT Adira Quantum Multifinance has been completed as
pembubaran dan likuidasi PT Adira Quantum Multifinance stipulated in the Deed of Shareholders Resolution No. 17
telah selesai dilakukan yang dituangkan dalam Akta dated 4 April 2023 made before Jimmy Tanal, S.H., M.Kn.,
Pernyataan Keputusan Pemegang Saham No. 17 tanggal 4 Notary in South Jakarta. Based on the liquidation process,
April 2023 yang dibuat dihadapan Jimmy Tanal, S.H., the Company received amounted to Rp1,441.
M.Kn., Notaris di Jakarta Selatan. Atas proses likuidasi
tersebut, Perseroan menerima sebesar Rp1.441.
* Tidak diaudit *Unaudited
68
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 579
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. INVESTASI DALAM SAHAM (lanjutan) 11. INVESTMENT IN SHARES (continued)
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar investasi Information with respect to the classification and fair value of
dalam saham diungkapkan pada Catatan 38. investment in shares is disclosed in Note 38.
12. ASET TETAP 12. FIXED ASSETS
2023 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals - Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Tanah 72.050 - - - 72.050 Land
Bangunan 44.546 - - - 44.546 Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor 647.999 97.875 (22.778) - 723.096 office equipment
Kendaraan bermotor 1.525 - (65) - 1.460 Motor vehicles
766.120 97.875 (22.843) - 841.152
Bangunan dalam
penyelesaian - 19.412 - - 19.412 Building in progress
766.120 117.287 (22.843) - 860.564
Akumulasi penyusutan Accumulated depreciation
Bangunan (32.274) (1.973) - - (34.247) Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor (571.837) (46.467) 22.133 - (596.171) office equipment
Kendaraan bermotor (246) (261) 65 - (442) Motor vehicles
(604.357) (48.701) 22.198 - (630.860)
Nilai buku neto 161.763
- 229.704
- Net book value
2022 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals - Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Tanah 72.292 - (242) - 72.050 Land
Bangunan 44.546 - - - 44.546 Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor 656.774 24.271 (33.046) - 647.999 office equipment
Kendaraan bermotor 50.703 1.300 (50.478) - 1.525 Motor vehicles
824.315 25.571 (83.766) - 766.120
Akumulasi penyusutan Accumulated depreciation
Bangunan (30.131) (2.143) - - (32.274) Buildings
Perabotan, perlengkapan Furniture, fixtures and
dan peralatan kantor (559.476) (45.098) 32.737 - (571.837) office equipment
Kendaraan bermotor (25.311) (25) 25.090 - (246) Motor vehicles
(614.918) (47.266) 57.827 - (604.357)
Nilai buku neto 209.397
1 161.763
1 Net book value
Seluruh aset tetap Perseroan merupakan aset kepemilikan All of the Company’s fixed assets are direct ownership
langsung. assets.
* Tidak diaudit *Unaudited
69
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 580
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
Hak atas tanah berupa sertifikat Hak Guna Bangunan The land rights are in the form of certificate of Hak Guna
(HGB) dengan jangka waktu masa penggunaan akan Bangunan (HGB), which will be due from 2025 to 2044.
berakhir antara tahun 2025 sampai dengan tahun 2044. Management believes that the land rights can be renewed or
Manajemen berpendapat bahwa hak kepemilikan atas extended upon expiration.
tanah tersebut dapat diperbaharui atau diperpanjang pada
saat jatuh tempo.
Rincian keuntungan atas pelepasan aset tetap adalah Details of gain on disposal of fixed assets are as follows:
sebagai berikut:
2023 - 2022 -
Hasil pelepasan aset tetap 450 31.217 Proceeds from disposal of fixed assets
Nilai buku aset tetap (645) (25.939) Book value of fixed assets
Laba/(rugi) atas pelepasan aset tetap (195)
1 5.278
1 Gain/(loss) on disposal of fixed assets
Laba/(rugi) atas pelepasan aset tetap diakui sebagai bagian Gain/(loss) on disposal of fixed assets is recognised as part
dari “Pendapatan Lain-lain” pada laporan laba rugi. of “Other Income” in the statement of profit or loss.
Pada tanggal 31 Desember 2023, aset tetap, kecuali tanah, As of 31 December 2023, fixed assets, except for land, were
telah diasuransikan kepada PT Zurich Asuransi Indonesia insured by PT Zurich Asuransi Indonesia Tbk, a related
Tbk, pihak berelasi, terhadap risiko kerugian kebakaran, party, against losses arising from fire, flood and other risks
kebanjiran dan risiko lainnya dengan nilai pertanggungan with a total insurance coverage amounting to Rp149,395
sejumlah Rp149.395 (2022: Rp187.754). Manajemen (2022: Rp187,754). Management believes that the coverage
berpendapat bahwa nilai pertanggungan tersebut sudah is adequate to cover possible losses from such risks.
memadai untuk menutupi kemungkinan kerugian atas aset
yang dipertanggungkan.
Pada tanggal 31 Desember 2023, aset tetap dengan harga As of 31 December 2023, fixed assets with acquisition cost
perolehan sebesar Rp498.260 (2022: Rp440.121) telah amounting to Rp498,260 (2022: Rp440,121) have been fully
disusutkan penuh dan masih digunakan oleh Perseroan. depreciated and are still being used by the Company.
Tidak ada aset tetap yang dijadikan jaminan pada tanggal There were no fixed assets pledged as collateral as of
31 Desember 2023 dan 2022. 31 December 2023 and 2022.
Tidak ada beban bunga pinjaman yang dikapitalisasi There were no interest expenses from borrowings which
sebagai aset tetap pada tahun 2023 dan 2022. were capitalised to fixed assets in 2023 and 2022.
Berdasarkan evaluasi manajemen Perseroan, tidak Based on management’s assessment, there are no events
terdapat kejadian atau perubahan keadaan yang or changes in circumstances which may indicate an
mengindikasikan adanya penurunan nilai aset tetap impairment in value of fixed assets as of 31 December 2023
Perseroan pada tanggal 31 Desember 2023 dan 2022. and 2022.
Estimasi nilai wajar aset tetap Perseroan (tanah dan The estimated fair value of the Company’s fixed assets (land
bangunan berdasarkan nilai jual objek pajak) pada tanggal and building based on tax object sale value) as of
31 Desember 2023 sebesar Rp177.970 (2022: 31 December 2023 amounted Rp177,970 (2022:
Rp170.211). Rp170,211).
Pada tanggal 31 Desember 2023, persentase nilai tercatat As of 31 December 2023 the percentage of carrying amount
bangunan dalam penyelesaian terhadap estimasi nilai of building in progress to the estimated contract value is
kontrak adalah 31,30% dan diperkirakan akan selesai pada 31.30% and estimated to be completed in 2024.
tahun 2024.
Tidak ada aset tetap yang tidak dipakai sementara. There are no fixed assets that are not used temporarily.
Tidak ada aset tetap yang dihentikan dari penggunaan aktif There are no fixed assets that have been discontinued from
dan tidak diklasifikasikan sebagai tersedia untuk dijual. active use and are not classified as held for sale.
* Tidak diaudit *Unaudited
70
576
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 581
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. ASET HAK GUNA 13. RIGHT-OF-USE ASSETS
Perseroan menyewa aset berupa bangunan dan data The Company leases assets which consist of building and
centre. Masa sewa berkisar antara 6 bulan - 10 tahun. data centre. The lease term ranging from 6 months - 10
years.
Perseroan mempunyai sewa dengan aset bernilai rendah. The Company has leases with low value assets. The
Perseroan menerapkan pengecualian pengakuan aset hak Company applies lease of low-value assets recognition
guna atas sewa dengan aset bernilai rendah tersebut (lihat exemptions for these right-of-use assets (see Note 33).
Catatan 33).
Nilai tercatat aset hak guna pada tanggal 31 Desember The carrying amount of right-of-use assets as of
2023 dan 2022 adalah sebagai berikut: 31 December 2023 and 2022 are as follows:
2023 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Saldo akhir/
balance - Additions - Disposals - Ending balance-
Harga perolehan Acquisition cost
Bangunan 445.893 87.777 (67.589) 466.081 Buildings
Data centre 22.990 5.482 (14.728) 13.744 Data centre
468.883 93.259 (82.317) 479.825
Akumulasi penyusutan Accumulated depreciation
Bangunan (186.103) (92.814) 67.589 (211.328) Buildings
Data centre (13.618) (7.125) 14.728 (6.015) Data centre
(199.721) (99.939) 82.317 (217.343)
Nilai buku neto 269.162
- 262.482
1 Net book value
2022 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Saldo akhir/
balance - Additions - Disposals - Ending balance-
Harga perolehan Acquisition cost
Bangunan 436.432 70.277 (60.816) 445.893 Buildings
Data centre 20.935 8.262 (6.207) 22.990 Data centre
457.367 78.539 (67.023) 468.883
Akumulasi penyusutan Accumulated depreciation
Bangunan (154.399) (92.520) 60.816 (186.103) Buildings
Data centre (13.372) (6.453) 6.207 (13.618) Data centre
(167.771) (98.973) 67.023 (199.721)
Nilai buku neto 289.596
- 269.162
1 Net book value
Jumlah yang diakui pada laba rugi pada tahun 2023 dan The amounts recognised in profit or loss for 2023 and 2022
2022 yang timbul dari sewa adalah beban penyusutan aset arising from the lease are depreciation of right-of-use assets
hak guna yang dicatat sebagai beban umum dan expenses which are recorded as general and administrative
administrasi (lihat Catatan 33); dan beban bunga atas expenses (see Note 33); and interest expense on the lease
liabilitas sewa yang dicatat sebagai beban bunga dan liabilities which is recorded as interest expense and financing
keuangan (lihat Catatan 32). charges (see Note 32).
* Tidak diaudit *Unaudited
71
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 582
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. ASET TAK BERWUJUD 14. INTANGIBLE ASSETS
2023 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals - Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Perangkat lunak 499.335 2.165 - 12.469 513.969 Software
Perangkat lunak dalam Software under
penyelesaian 15.494 40.258 - (12.469) 43.283 development
Perpanjangan hak
atas tanah 1.688 - - - 1.688 Extension of land rights
516.517 42.423 - - 558.940
Akumulasi Accumulated
amortisasi amortisation
Perangkat lunak (386.954) (50.406) - - (437.360) Software
Perpanjangan hak
atas tanah (837) (84) - - (921) Extension of land rights
(387.791) (50.490) - - (438.281)
Nilai buku neto 128.726
1 120.659
1 Net book value
2022 1
Saldo awal/
Beginning Penambahan/ Pelepasan/ Reklasifikasi/ Saldo akhir/
balance - Additions - Disposals - Reclassifications
- Ending balance-
Harga perolehan Acquisition cost
Perangkat lunak 486.369 5.705 - 7.261 499.335 Software
Perangkat lunak dalam Software under
penyelesaian 7.213 15.542 - (7.261) 15.494 development
Perpanjangan hak
atas tanah 1.688 - - - 1.688 Extension of land rights
495.270 21.247 - - 516.517
Akumulasi Accumulated
amortisasi amortisation
Perangkat lunak (325.219) (61.735) - - (386.954) Software
Perpanjangan hak
atas tanah (752) (85) - - (837) Extension of land rights
(325.971) (61.820) - - (387.791)
Nilai buku neto 169.299
1 128.726
1 Net book value
15. ASET LAIN-LAIN 15. OTHER ASSETS
2023 - 2022 -
Uang jaminan 13.881 13.881 Security deposits
Uang muka 9.162 1.339 Advance payments
23.043
1 15.220
1
* Tidak diaudit *Unaudited
72
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 583
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET LAIN-LAIN (lanjutan) 15. OTHER ASSETS (continued)
Transaksi yang mendasari pencatatan uang muka adalah Underlying transactions in recording advance payments are
pembayaran uang muka (down payment) untuk pembelian down payment for purchase goods or services. The advance
barang dan jasa. Uang muka tersebut akan direklas ke akun payments will be reclassified to the expenses or asset
biaya atau aset pada saat barang atau jasa diterima. accounts when the goods or services are received.
Uang jaminan merupakan security deposit yang dibayarkan Security deposit is a deposit that the Company pays to the
Perseroan kepada pemilik gedung pada saat Perseroan building owner when the Company rents office space. The
menyewa ruangan kantor. Uang jaminan akan dikembalikan security deposit will be returned by the building owner when
oleh pemilik gedung ketika masa sewa berakhir. the rental period ends.
16. PINJAMAN YANG DITERIMA 16. BORROWINGS
2023 - 2022 -
Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Pan Indonesia Tbk 1.931.525 773.191 PT Bank Pan Indonesia Tbk
PT Bank Mandiri (Persero) Tbk 1.727.299 941.699 PT Bank Mandiri (Persero) Tbk
PT Bank Maybank Indonesia Tbk 1.551.605 - PT Bank Maybank Indonesia Tbk
PT Bank Central Asia Tbk 1.064.698 175.000 PT Bank Central Asia Tbk
PT Bank BCA Syariah 233.333 - PT Bank BCA Syariah
PT Bank Pembangunan Daerah Jawa Barat PT Bank Pembangunan Daerah Jawa Barat
dan Banten Tbk 181.623 - dan Banten Tbk
PT Bank UOB Indonesia 75.000 487.500 PT Bank UOB Indonesia
PT Bank Muamalat Indonesia Tbk 75.000 - PT Bank Muamalat Indonesia Tbk
PT Bank DBS Indonesia 91.458 - PT Bank DBS Indonesia
6.931.541 2.377.390
Dolar Amerika Serikat United States Dollar
BNP Paribas (Singapore ) - Sindikasi - 784.861 BNP Paribas (Singapore) - Syndicated
6.931.541 3.162.251
Pihak berelasi Related parties
Rupiah Rupiah
MUFG Bank, Ltd. (Jakarta) 1.154.167 1.265.417 MUFG Bank, Ltd. (Jakarta)
PT Bank Danamon Indonesia Tbk 992.083 645.416 PT Bank Danamon Indonesia Tbk
2.146.250 1.910.833
Yen Jepang Japanese Yen
MUFG Bank, Ltd. (Singapura) 235.181 - MUFG Bank, Ltd. (Singapore)
2.381.431 1.910.833
9.312.972
1 5.073.084
1
Pada tanggal 31 Desember 2023, pinjaman yang diterima As of 31 December 2023, the borrowings include transaction
termasuk beban transaksi yang terkait langsung dengan costs directly attributable to the origination of borrowings
pinjaman yang diterima masing-masing sebesar Rp7.070 amounting to Rp7,070 (2022: Rp2,436) (see Note 2d.2).
(2022: Rp2.436) (lihat Catatan 2d.2).
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum on
atas pinjaman yang diterima pada tanggal 31 Desember borrowings as of 31 December 2023 was 6.97% (2022:
2023 adalah 6,97% (2022: 6,09%). 6.09%).
* Tidak diaudit *Unaudited
73
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 584
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. PINJAMAN YANG DITERIMA (lanjutan) 16. BORROWINGS (continued)
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows:
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
kredit/ Latest agreement Contractual interest rate
Nama Bank/ Fasilitas/ Maximum credit Cicilan pokok/
Bank Name Facility limit Awal/Start Akhir/End 2023 2022 Principal installment
PT Bank Mandiri 29 September/ 30 Juni/ Setiap satu bulan sekali/
(Persero) Tbk I 2.000.000 September 2023 June 2026 4,80% - 7,22% 4,80% - 6,80% Monthly basis
29 September/ 9 April/ Setiap satu bulan sekali/
II 2.000.000 September 2023 April 2028 6,50% - 7,20% - Monthly basis
PT Bank Maybank 28 Maret/ 28 Desember/ Setiap satu bulan sekali/
Indonesia Tbk I 1.000.000 March 2023 December 2026 7,35% - Monthly basis
23 Juni/ 23 Maret/ Setiap satu bulan sekali/
II 1.000.000 June 2023 March 2027 6,50% - 7,25% - Monthly basis
Pembayaran penuh pada
23 Juni/ 23 Juni/ saat jatuh tempo/Bullet
III 250.000 June 2023 June 2024 6,00% - 6,20% - payment on maturity date
Pembayaran penuh pada
Citibank, N.A., 29 Mei/ 9 Februari/ saat jatuh tempo/Bullet
Indonesia I 600.000 May 2019 February 2024 - - payment on maturity date
Pembayaran penuh pada
PT Bank Central Asia 22 September/ 14 Maret/ saat jatuh tempo/Bullet
Tbk I 500.000 September 2023 March 2024 6,00% - 6,40% 4,30% - 6,00% payment on maturity date
5 September/ 20 April/ Setiap satu bulan sekali/
II 1.000.000 September 2022 April 2026 7,16% - 7,19% - Monthly basis
22 September/ 12 Juni/ Setiap satu bulan sekali/
III 1.000.000 September 2023 June 2027 7,00% - Monthly basis
26 Juni/ 30 September/ Setiap satu bulan sekali/
PT Bank BCA Syariah I 300.000 June 2023 September 2029 7,25% - 7,35% - Monthly basis
Pembayaran penuh pada
PT Bank Danamon 6 November/ 31 Januari/ saat jatuh tempo/Bullet
Indonesia Tbk I 450.000 November 2023 January 2024 6,00% - 6,45% 4,15% - 6,10% payment on maturity date
6 November/ 31 Januari/ Setiap satu bulan sekali/
II November 2023 January 2027 4,90% - 7,35% 4,90% - 5,95% Monthly basis
1.050.000
6 November/ 31 Januari/ Setiap satu bulan sekali/
III November 2023 January 2027 - - Monthly basis
BNP Paribas
(Singapore) – 17 Januari/ 17 Juli/ Setiap tiga bulan sekali/
Sindikasi/Syndicated I USD 300.000.000 January 2020 July 2023 4,64% - 6,11% 1,02% - 5,64% Quarterly basis
Pembayaran penuh pada
MUFG Bank, Ltd. 30 Juni/ 30 Desember/ saat jatuh tempo/Bullet
(Jakarta) I 500.000 June 2023 December 2024 3,90% - 6,15% 3,90% - 4,56% payment on maturity date
21 Juni/ 3 Mei/ Setiap satu bulan sekali/
II 500.000 June 2023 May 2024 4,00% - 4,25% 4,00% - 4,25% Monthly basis
21 Juni/ 3 Februari/ Setiap tiga bulan sekali/
III 800.000 June 2023 February 2026 6,00% - 6,60% 6,00% - 6,60% Quarterly basis
23 Desember/ 23 Juni/ Setiap satu bulan sekali/
IV 500.000 December 2022 June 2024 6,98% - Monthly basis
23 Desember/ 23 Juni/ Setiap tiga bulan sekali/
V 500.000 December 2022 June 2026 7,25% - 7,30% - Quarterly basis
20 Juli/ 20 Januari/ Setiap satu bulan sekali/
VI 200.000 July 2023 January 2025 6,60% - Monthly basis
USD100.000.000
MUFG Bank, Ltd. (Equivalent to 21 November/ 21 November/ Setiap tiga bulan sekali/
(Singapura) I ¥14.000.112.000) November 2023 November 2027 0,72% - Quarterly basis
* Tidak diaudit *Unaudited
74
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 585
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. PINJAMAN YANG DITERIMA (lanjutan) 16. BORROWINGS (continued)
Rincian dari pinjaman yang diterima adalah sebagai berikut: The details of borrowings are as follows: (continued)
(lanjutan)
Batas maksimum Perjanjian terakhir/ Suku bunga kontraktual/
kredit/ Latest agreement Contractual interest rate
Nama Bank/ Fasilitas/ Maximum credit Cicilan pokok/
Bank Name Facility limit Awal/Start Akhir/End 2023 2022 Principal installment
PT Bank UOB 14 Juni/ 16 September/ Setiap tiga bulan sekali/
Indonesia I 500.000 June 2022 September 2023 4,95% - 5,10% 4,90% - 5,10% Quarterly basis
19 Desember/ 19 Juni/ Setiap tiga bulan sekali/
II 500.000 December 2022 June 2024 6,50% - 6,60% 6,50% Quarterly basis
PT Bank Pan 14 November/ 14 November/ Setiap satu bulan sekali/
Indonesia Tbk I 1.000.000 November 2022 November 2026 6,30% - 7,30% 6,30% - 7,30% Monthly basis
20 Februari/ 20 Februari/ Setiap satu bulan sekali/
II 1.000.000 February 2023 February 2027 7,10% - Monthly basis
27 Maret/ 27 Maret/ Setiap satu bulan sekali/
III 1.000.000 March 2023 March 2027 6,30% - 7,10% - Monthly basis
PT Bank
Pembangunan
Daerah
Jawa Barat & Banten 27 Juli/ 27 April/ Setiap satu bulan sekali/
Tbk I 500.000 July 2023 April 2027 6,60% - 6,65% - Monthly basis
PT Bank DBS 4 September/ 4 September/ Setiap tiga bulan sekali/
Indonesia I 300.000 September 2023 September 2027 6,80% - Quarterly basis
PT Bank Muamalat 30 Agustus/ 28 Februari/ Setiap satu bulan sekali/
Indonesia Tbk I 200.000 August 2023 February 2027 6,35% - Monthly basis
Pembayaran penuh pada
PT Bank CTBC 15 Desember/ 15 Desember/ saat jatuh tempo/Bullet
Indonesia I 175.000 December 2023 December 2024 - - payment on maturity date
Untuk pinjaman sindikasi BNP Paribas (Singapore), For BNP Paribas (Singapore) syndicated borrowing,
Australia and New Zealand Banking Group Limited, DBS Australia and New Zealand Banking Group Limited, DBS
Bank Ltd., Maybank Kim Eng Securities PTE Ltd., MUFG Bank Ltd., Maybank Kim Eng Securities PTE Ltd., MUFG
Bank Ltd. dan United Overseas Bank Limited bertindak Bank Ltd. and United Overseas Bank Limited acted as
sebagai mandated lead arrangers dan bookrunners, BNP mandated lead arrangers and bookrunners, BNP Paribas
Paribas (Singapore) sebagai agent dan PT Bank BNP (Singapore) acted as agent dan PT Bank BNP Paribas
Paribas Indonesia bertindak sebagai security agent. Indonesia acted as security agent. Australia and New
Australia and New Zealand Banking Group Limited, Bank of Zealand Banking Group Limited, Bank of Baroda
Baroda (Singapore), Bank of China Limited (Singapore), (Singapore), Bank of China Limited (Singapore), Bank of
Bank of Taiwan (Singapore), The Chugoku Bank, Ltd. (Hong Taiwan (Singapore), The Chugoku Bank, Ltd. (Hong Kong),
Kong), Chang Hwa Commercial Bank, Ltd. (Singapore), Chang Hwa Commercial Bank, Ltd. (Singapore), CTBC Bank
CTBC Bank Co., Ltd., DBS Bank Ltd., Far Eastern Co., Ltd., DBS Bank Ltd., Far Eastern International Bank,
International Bank, Ltd, First Commercial Bank, The Gunma Ltd, First Commercial Bank, The Gunma Bank, Ltd., Hua
Bank, Ltd., Hua Nan Commercial Bank, Ltd., Hua Nan Nan Commercial Bank, Ltd., Hua Nan Commercial Bank,
Commercial Bank, Ltd. (Singapore), Land Bank of Taiwan, Ltd. (Singapore), Land Bank of Taiwan, Malayan Banking
Malayan Banking Berhad (Singapore), Mega International Berhad (Singapore), Mega International Commercial Co.,
Commercial Co., Ltd. (Singapore), MUFG Bank, Ltd., The Ltd. (Singapore), MUFG Bank, Ltd., The Norinchukin Bank
Norinchukin Bank (Singapore), RHB Bank Berhad, State (Singapore), RHB Bank Berhad, State Bank of India (Tokyo),
Bank of India (Tokyo), Sumitomo Mitsui Trust Bank, Limited Sumitomo Mitsui Trust Bank, Limited (Singapore), Taishin
(Singapore), Taishin International Bank Co., Ltd., United International Bank Co., Ltd., United Overseas Bank Limited,
Overseas Bank Limited, E.SUN Commercial bank, Ltd. E.SUN Commercial bank, Ltd. (Singapore), The Chiba Bank,
(Singapore), The Chiba Bank, Ltd. (Hong Kong), The Daishi Ltd. (Hong Kong), The Daishi Bank, Ltd., The Export-Import
Bank, Ltd., The Export-Import Bank of the Republic of Bank of the Republic of China, The Hyakugo Bank, Ltd., The
China, The Hyakugo Bank, Ltd., The Iyo Bank, Ltd., The Iyo Bank, Ltd., The Shanghai Commercial & Savings Bank,
Shanghai Commercial & Savings Bank, Ltd., The Shizuoka Ltd., The Shizuoka Bank, Ltd. (Hong Kong), Taiwan
Bank, Ltd. (Hong Kong), Taiwan Business Bank, Ltd., The Business Bank, Ltd., The Higo Bank, Ltd., The Joyo Bank,
Higo Bank, Ltd., The Joyo Bank, Ltd., The Shiga Bank, Ltd., Ltd., The Shiga Bank, Ltd., and The Bank of Kyoto, Ltd.
dan The Bank of Kyoto, Ltd. bertindak sebagai original acted as original lenders.
lenders.
* Tidak diaudit *Unaudited
75
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 586
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. PINJAMAN YANG DITERIMA (lanjutan) 16. BORROWINGS (continued)
Pinjaman yang diterima dari PT Bank Central Asia Tbk The borrowings from PT Bank Central Asia Tbk (facility I),
(fasilitas I), Citibank, N.A., Indonesia, PT Bank BCA Syariah, Citibank, N.A., Indonesia, PT Bank BCA Syariah, MUFG
MUFG Bank, Ltd. (Jakarta) (fasilitas I), PT Bank Danamon Bank, Ltd. (Jakarta) (facility I), PT Bank Danamon Indonesia
Indonesia Tbk, PT Bank CTBC Indonesia, dan PT Bank Tbk, PT Bank CTBC Indonesia, and PT Bank Maybank
Maybank Indonesia Tbk (fasilitas III), merupakan fasilitas Indonesia Tbk (facility III) are revolving working capital
pinjaman modal kerja berulang. facilities.
Seluruh pinjaman yang diterima oleh Perseroan digunakan All of the Company’s borrowings are used for working capital
untuk modal kerja. Selama pinjaman belum dilunasi, purposes. During the period that the loan is still outstanding,
Perseroan antara lain, tidak diperkenankan mengikat diri the Company, among others, is not allowed to act as a
sebagai penjamin atas pemenuhan kewajiban pihak ketiga, guarantor for the fulfillment of third party obligations, is
diharuskan untuk memenuhi ketentuan gearing ratio paling required to comply with gearing ratio provisions for a
tinggi 10 kali dan mempertahankan rasio saldo piutang maximum of 10 times and maintain the ratio of financing
pembiayaan (outstanding principal) dengan kategori kualitas receivable (outstanding principal) categorised as non-
piutang pembiayaan bermasalah (non-performing financing) performing financing after deducting allowance for
setelah dikurangi cadangan penyisihan penghapusan impairment losses at the maximum of 5% in accordance with
piutang pembiayaan paling tinggi sebesar 5% sesuai OJK provisions, and other reporting obligation.
ketentuan OJK, dan kewajiban penyampaian laporan
lainnya.
Pada tanggal 31 Desember 2023, saldo pinjaman yang As of 31 December 2023, the outstanding balance of the
diterima dalam mata uang asing sebesar JPY2.160.000.000 borrowings denominated in foreign currency amounted to
(2022: USD50.416.667) (nilai penuh), termasuk bunganya JPY2,160,000,000 (2022: USD50,416,667) (full amount),
telah dilindung nilai dengan kontrak cross currency swap including the interest which was hedged by cross currency
(lihat Catatan 10 dan 40). swap (see Notes 10 and 40).
Pada tahun 2023 dan 2022, amortisasi beban provisi atas In 2023 and 2022, the amortisation of the provision expenses
pinjaman yang diterima yang dibebankan ke laporan laba on borrowings was charged to the statement of profit or loss
rugi diungkapkan pada Catatan 32. are disclosed in Note 32.
Pada tanggal 31 Desember 2022, pinjaman BNP Paribas As of 31 December 2022, BNP Paribas (Singapore)
(Singapore) sindikasi dijamin dengan piutang pembiayaan syndicated borrowing is secured by consumer financing
konsumen (lihat Catatan 5). receivables (see Notes 5).
Pembayaran bunga dan pokok pinjaman telah dibayarkan Interest and principal loan payments have been paid by the
oleh Perseroan sesuai dengan jadwal. Company on schedule.
Pada tanggal 31 Desember 2023, Perseroan telah As of 31 December 2023, the Company has complied with all
memenuhi seluruh persyaratan yang disebutkan dalam the requirements mentioned in the loan facility agreements.
perjanjian fasilitas-fasilitas pinjaman ini.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions with
pihak berelasi. related parties.
Informasi mengenai klasifikasi dan nilai wajar pinjaman yang Information with respect to the classification and fair value of
diterima diungkapkan pada Catatan 38. borrowings are disclosed in Note 38.
* Tidak diaudit *Unaudited
76
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 587
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. BEBAN YANG MASIH HARUS DIBAYAR 17. ACCRUED EXPENSES
2023 - 2022 -
Pihak ketiga Third parties
Promosi 154.566 418.857 Promotion
Bunga 85.390 66.558 Interest
Perolehan pembiayaan konsumen 63.451 55.255 Acquisition cost of consumer financing
Bagi hasil sukuk mudharabah 8.650 1.997 Revenue sharing for mudharabah bonds
Marjin mudharabah 770 - Mudharabah margin
Lain-lain 561.836 656.118 Others
874.663 1.198.785
Pihak berelasi Related parties
Premi asuransi kesehatan 38.398 35.921 Health insurance premium
Bunga 14.812 11.485 Interest
Premi asuransi aset tetap dan lainnya 2 53 Insurance premium of fixed assets and others
53.212 47.459
927.875
1 1.246.244
1
Akun lain-lain terdiri dari beban operasional lainnya yang Others consist of other operating expenses accruals.
masih harus dibayar.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar beban bunga, Information with respect to the classification and fair value
bagi hasil sukuk mudharabah dan marjin murabahah yang of accrued interest expenses, revenue sharing for
masih harus dibayar diungkapkan pada Catatan 38. mudharabah bonds and murabahah margin are disclosed in
Note 38.
* Tidak diaudit *Unaudited
77
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 588
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. UTANG OBLIGASI 18. BONDS PAYABLE
2023 - 2022 -
Nilai nominal: Nominal value:
Obligasi Berkelanjutan IV Tahap II Continuing Bonds IV Phase II
Pihak ketiga - 162.000 Third parties
Obligasi Berkelanjutan IV Tahap III Continuing Bonds IV Phase III
Pihak ketiga - 460.750 Third parties
Obligasi Berkelanjutan IV Tahap IV Continuing Bonds IV Phase IV
Pihak ketiga 328.000 328.000 Third parties
Obligasi Berkelanjutan IV Tahap V Continuing Bonds IV Phase V
Pihak ketiga 607.750 607.750 Third parties
Obligasi Berkelanjutan IV Tahap VI Continuing Bonds IV Phase VI
Pihak ketiga 190.000 190.000 Third parties
Obligasi Berkelanjutan V Tahap I Continuing Bonds V Phase I
Pihak ketiga - 810.150 Third parties
Pihak berelasi - 5.900 Related parties
Obligasi Berkelanjutan V Tahap II Continuing Bonds V Phase II
Pihak ketiga 697.550 698.800 Third parties
Pihak berelasi 43.450 42.200 Related parties
Obligasi Berkelanjutan V Tahap III Continuing Bonds V Phase III
Pihak ketiga 1.057.800 1.669.000 Third parties
Pihak berelasi 22.200 31.000 Related parties
Obligasi Berkelanjutan VI Tahap I Continuing Bonds VI Phase I
Pihak ketiga 1.597.000 - Third parties
Pihak berelasi 103.000 - Related parties
Obligasi Berkelanjutan VI Tahap II Continuing Bonds VI Phase II
Pihak ketiga 1.250.000 - Third parties
Dikurangi: Less:
Biaya emisi obligasi yang belum diamortisasi (11.644) (6.343) Unamortised bonds issuance costs
Utang obligasi - neto 5.885.106
1 4.999.207
1 Bonds payable - net
Dikurangi: Less:
Bagian yang jatuh tempo dalam waktu satu
tahun 3.102.380 2.057.377 Current portion
Bagian yang jatuh tempo lebih dari satu tahun 2.782.726
1 2.941.830
1 Non-current portion
Amortisasi biaya emisi obligasi yang
dibebankan ke laporan laba rugi Amortisation of bonds issuance costs charged to
(lihat Catatan 32) 5.736
1 7.227
1 the statements of profit or loss (see Note 32)
Sesuai dengan perjanjian perwaliamanatan obligasi, kecuali According to the trustee bonds agreement, except
Obligasi Berkelanjutan V dan Obligasi Berkelanjutan VI, Continuing Bonds V and Continuing Bonds VI, the Company
Perseroan memberikan jaminan fidusia berupa piutang provides collateral with fiduciary transfer of consumer
pembiayaan konsumen (lihat Catatan 5) dan rasio jumlah financing receivables (see Note 5) and debt to equity ratio
pinjaman terhadap ekuitas tidak melebihi ketentuan, yaitu should not exceed the provision, at maximum 10:1.
maksimal 10:1. Selain itu, selama pokok obligasi belum Moreover, during the time that the bonds principals are still
dilunasi, Perseroan tidak diperkenankan, antara lain melakukan outstanding, the Company is not allowed to, among others,
penggabungan usaha kecuali dilakukan pada bidang usaha merge unless performed on the same business and sell or
yang sama serta menjual atau mengalihkan lebih dari 40% assign more than 40% of the Company’s non-consumer
aset Perseroan yang bukan piutang pembiayaan konsumen. financing receivables assets.
* Tidak diaudit *Unaudited
78
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 589
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. UTANG OBLIGASI (lanjutan) 18. BONDS PAYABLE (continued)
Pada tanggal 31 Desember 2023 dan 2022, Perseroan telah As of 31 December 2023 and 2022, the Company had paid
melakukan pembayaran bunga obligasi sesuai dengan jatuh the bonds interest on schedule as stated in the trustee
tempo yang telah ditetapkan dalam perjanjian agreement and complied with all the requirements
perwaliamanatan dan telah memenuhi seluruh persyaratan mentioned in the trustee agreement. Total principal of bonds
yang disebutkan dalam perjanjian perwaliamanatan. Jumlah have been paid in accordance with the respective bonds’
pokok utang obligasi telah dibayarkan sesuai dengan maturity date.
tanggal jatuh tempo obligasi yang bersangkutan.
Pada tanggal 31 Desember 2023 dan 2022, seluruh As of 31 December 2023 and 2022, all of the Company’s
obligasi Perseroan mendapat peringkat idAAA dari PT bonds are rated idAAA by PT Pemeringkat Efek Indonesia
Pemeringkat Efek Indonesia (Pefindo). (Pefindo).
Beban bunga atas utang obligasi pada tahun 2023 sebesar The interest expenses of bonds payable in 2023 and 2022
Rp339.467 (2022 : Rp426.997) (lihat Catatan 32). amounted to Rp339,467 (2022: Rp426,997) (see Note 32).
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum on
atas utang obligasi pada tanggal 31 Desember 2023 bonds payable as of 31 December 2023 was 6.54% (2022:
sebesar 6,54% (2022: 6,91%). 6.91%).
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar utang obligasi Information with respect to the classification and fair value
diungkapkan pada Catatan 38. of bonds payable is disclosed in Note 38.
19. UTANG LAIN-LAIN 19. OTHER PAYABLES
2023 - 2022 -
Pihak ketiga Third parties
Utang kepada dealer 451.577 514.466 Payables to dealers
Pendapatan diterima dimuka 223.718 239.567 Deferred income
Premi asuransi 28.344 29.915 Insurance premium
Titipan konsumen 23.594 23.962 Customers deposits
Pengurusan fidusia 6.227 8.113 Fiduciary fees
Lain-lain 73.844 73.160 Others
807.304 889.183
Pihak berelasi Related parties
Pendapatan diterima dimuka 595.333 632.933 Deferred income
Premi asuransi 167.237 158.305 Insurance premium
Pemulihan dari piutang yang dihapus- Recovery of written off receivables from
bukukan porsi pembiayaan bersama 24.836 19.850 joint financing portion
Denda keterlambatan porsi pembiayaan
bersama 4.357 4.055 Late charges from joint financing portion
791.763 815.143
1.599.067
1 1.704.326
1
* Tidak diaudit *Unaudited
79
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 590
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. UTANG LAIN-LAIN (lanjutan) 19. OTHER PAYABLES (continued)
Utang kepada dealer Payables to dealers
Utang kepada dealer merupakan liabilitas Perseroan Payables to dealers represent the Company’s liabilities to
kepada dealer atas nasabah-nasabah yang telah dealers for the approved consumer financing contracts and
memperoleh persetujuan kredit dari Perseroan dan pihak the dealers have delivered the vehicles to the consumers.
dealer telah menyerahkan kendaraan yang dibiayai kepada
konsumen tersebut.
Pendapatan diterima dimuka Deferred income
Berdasarkan perjanjian pada tanggal 27 September 2018, Based on the agreement dated 27 September 2018, the
Perseroan dan PT Zurich Asuransi Indonesia Tbk, pihak Company and PT Zurich Asuransi Indonesia Tbk, related
berelasi, setuju untuk bekerjasama dalam mempromosikan party, agreed to enter into a cooperation agreement in
dan memperkenalkan produk asuransi PT Zurich Asuransi promoting and introducing insurance products of PT Zurich
Indonesia Tbk kepada konsumen Perseroan selama masa Asuransi Indonesia Tbk to the Company’s consumers
efektif, yaitu 20 tahun. Sebagai imbal balik, pada tanggal during the effective period of 20 years. In return, on 27
27 November 2019 Perseroan telah menerima access fee November 2019, the Company received access fees from
dari PT Zurich Asuransi Indonesia Tbk sebesar Rp752.000 PT Zurich Asuransi Indonesia Tbk amounted to Rp752,000
yang dicatat sebagai pendapatan diterima dimuka dan telah which were recorded as deferred income and have been
diamortisasi selama tahun 2023 dan 2022 masing-masing amortised over the year 2023 and 2022 amounted to
sebesar Rp37.600. Rp37,600, respectively.
Berdasarkan perjanjian pada tanggal 31 Maret 2020, Based on the agreement dated 31 March 2020, the
perusahaan induk Perseroan, PT Bank Danamon Indonesia Company’s parent entity, PT Bank Danamon Indonesia Tbk
Tbk (“Bank Danamon”) dan PT Asuransi Jiwa Manulife (“Bank Danamon”) and PT Asuransi Jiwa Manulife agreed
setuju untuk memperpanjang collaboration agreement yang to extend their existing collaboration agreement in
ada dalam mempromosikan dan memperkenalkan produk promoting and introducing insurance products of PT
asuransi PT Asuransi Jiwa Manulife kepada konsumen Asuransi Jiwa Manulife to Bank Danamon and the
Bank Danamon dan Perseroan. Sebagai imbal balik, Bank Company’s consumers. In return, Bank Danamon and the
Danamon dan Perseroan telah menerima collaboration fee Company has received collaboration fee from PT Asuransi
dari PT Asuransi Jiwa Manulife yang diakui sebagai Jiwa Manulife which were recognised as deferred income
pendapatan diterima dimuka dan diamortisasi ke laporan and amortised in statement of profit or loss.
laba rugi.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
Informasi mengenai klasifikasi dan nilai wajar utang kepada Information with respect to the classification and fair value
dealer dan utang premi asuransi diungkapkan pada Catatan of payables to dealers and insurance premium payables is
38. disclosed in Note 38.
20. LIABILITAS SEWA 20. LEASE LIABILITIES
Analisis jatuh tempo liabilitas sewa yang didiskontokan Maturity analysis of discounted lease liabilities is as follows:
sebagai berikut:
2023 - 2022 -
< 1 tahun 19.999 17.744 < 1 year
1-5 tahun 110.665 100.815 1-5 years
> 5 tahun 17.384 50.129 > 5 years
148.048
1 168.688
1
* Tidak diaudit *Unaudited
80
586
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 591
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. LIABILITAS SEWA (lanjutan) 20. LEASE LIABILITIES (continued)
Analisis jatuh tempo liabilitas sewa yang tidak Maturity analysis of undiscounted lease liabilities is as
didiskontokan sebagai berikut: follows:
2023 - 2022 -
< 1 tahun 31.249 30.540 < 1 year
1-5 tahun 135.774 134.433 1-5 years
> 5 tahun 17.794 53.381 > 5 years
184.817
1 218.354
1
Liabilitas sewa yang tercatat merupakan kewajiban Lease liabilities are the Company's obligation as a lessee to
Perseroan sebagai penyewa untuk melakukan pembayaran make payments in accordance with the lease agreement
sesuai dengan perjanjian sewa yang didiskontokan which is discounted to the incremental borrowing interest
terhadap tingkat suku bunga pinjaman inkremental. Adapun rate. The lease obligations consist of buildings and data
liabilitas sewa terdiri dari bangunan dan data centre. centre.
21. PERPAJAKAN 21. TAXATION
a. Pajak dibayar dimuka a. Prepaid tax
2023 - 2022 -
Surat ketetapan pajak 64.396
1 46.112
1 Tax assessment letters
b. Utang pajak b. Taxes payable
2023 - 2022 -
Pajak pertambahan nilai dan meterai 8.841 5.915 Value added tax and duty stamp
Pajak penghasilan: Income tax:
Pasal 21 24.386 24.322 Article 21
Pasal 23 dan 26 5.098 5.488 Articles 23 and 26
Pasal 29 tahun 2022 - 265.266 Article 29 of 2022
Pasal 25 dan 29 tahun berjalan 141.650 - Article 25 and 29 current year
Pasal 4(2) 821 1.156 Article 4(2)
180.796
1 302.147
1
c. Beban pajak penghasilan c. Income tax expense
2023 - 2022 -
Kini 469.261 544.156 Current
Tangguhan 57.727 (95.078) Deferred
Surat ketetapan pajak 1.634 (14.909) Tax assessment letter
528.622
1 434.169
1
* Tidak diaudit *Unaudited
81
587
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 592
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak Reconciliation between income before income tax
penghasilan, sebagaimana yang disajikan dalam expense, as shown in the statement of profit or loss and
laporan laba rugi dengan laba kena pajak adalah taxable income is as follows:
sebagai berikut:
2023 - 2022 -
Laba sebelum beban pajak penghasilan 2.472.669 2.039.724 Income before income tax expense
Beda temporer: Temporary differences:
Penyisihan kerugian penurunan Provision for impairment losses
nilai piutang pembiayaan on consumer financing
konsumen dan piutang receivables and murabahah
pembiayaan murabahah 28.141 40.205 financing receivables
Aset hak guna 26.346 19.295 Right-of-use assets
Penyusutan aset tetap 14.849 25.363 Depreciation of fixed assets
Penyisihan kerugian penurunan Provision for impairment losses on
nilai piutang sewa pembiayaan 8.671 31.003 finance leases receivables
Pemasaran (245.443) 161.302 Marketing
Biaya lainnya yang masih harus dibayar Accrued other expenses
dan kesejahteraan karyawan (64.247) 182.521 and employees’ welfare
Liabilitas sewa (20.650) (12.204) Lease liabilities
Imbalan kerja karyawan (8.839) (14.300) Employees’ benefits
Penyisihan kerugian penurunan Provision for impairment losses
nilai piutang lain-lain (871) (1.012) on other receivables
Dividen saham (350) - Stock dividend
2.210.276 2.471.898
Beda permanen: Permanent differences:
Pajak final atas pendapatan jasa giro Final tax of interest income from
dan penghasilan final lainnya 6.476 6.270 current accounts and other final income
Beban yang tidak dapat dikurangkan (51.172) 31.091 Non-deductible expenses
Pendapatan jasa giro Interest income from current accounts
dan penghasilan final lainnya (32.573) (35.821) and other final income
(77.269) 1.540
Laba kena pajak 2.133.007 2.473.438 Taxable income
Beban pajak penghasilan 469.261 544.156 Income tax expense
Dikurangi: estimasi pajak dibayar dimuka (327.611) (278.890) Less: estimated prepaid taxes
Estimasi utang pajak penghasilan badan 141.650
1 265.266
1 Estimated corporate income tax payable
Laba kena pajak hasil rekonsiliasi untuk tahun 2023 Reconciliation of taxable income which resulted from the
akan digunakan sebagai dasar dalam pengisian Surat year 2023 will be used as basis in submission of the
Pemberitahuan (SPT) Tahunan PPh Badan Perseroan. Company’s Annual Corporate Income Tax Return.
Laba kena pajak hasil rekonsiliasi untuk tahun 2022 Taxable income which resulted from reconciliation for the
sesuai dengan SPT Tahunan PPh Badan Perseroan. year 2022 conforms with the Company’s Annual
Corporate Income Tax Return.
* Tidak diaudit *Unaudited
82
588
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 593
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan dengan The reconciliation between income tax expense and
perkalian laba sebelum beban pajak penghasilan dan income before income tax expense multiplied by the
tarif pajak maksimum yang berlaku adalah sebagai maximum marginal tax rate was as follows:
berikut:
2023 - 2022 -
Laba sebelum beban pajak penghasilan 2.472.669 2.039.724 Income before income tax expense
Dikurangi: pendapatan bunga dan penghasilan Less: net interest income and other
final lainnya yang dikenakan pajak final (26.097) (29.551) final income subjected to final tax
2.446.572
- 2.010.173
-
Tarif pajak 22% 538.246 442.238 Tax rate of 22%
Perbedaan permanen dengan tarif pajak 22% (11.258) 6.840 Permanent differences at 22%
Surat ketetapan pajak 1.634 (14.909) Tax assessment letter
Beban pajak penghasilan 528.622
1 434.169
1 Income tax expense
d. Aset/(liabilitas) pajak tangguhan - neto d. Deferred tax asset/(liabilities) - net
2023 1
Dikreditkan ke
ekuitas dari
(Dibebankan)/ pendapatan
dikreditkan ke komprehensif
laba tahun lain/
berjalan/ Credited to
(Charged)/ equity from
Saldo awal/ credited to other Saldo akhir/
Beginning income for comprehensive Ending
balance 1 the year 1 income 1 balance 1
Aset pajak tangguhan: Deferred tax assets:
Imbalan kerja yang
masih harus dibayar 118.097 (1.944) 18.018 134.171 Accrued employees’ benefits
Biaya lainnya yang masih
harus dibayar dan Accrued other expenses and
kesejahteraan karyawan 125.828 (14.135) - 111.693 employees’ welfare
Cadangan kerugian Allowance for impairment
penurunan nilai atas losses on consumer
piutang pembiayaan financing receivables,
konsumen, piutang murabahah financing
pembiayaan murabahah dan receivables and
piutang sewa pembiayaan 73.290 8.098 - 81.388 finance lease receivables
Pemasaran 91.860 (53.997) - 37.863 Marketing
Lindung nilai arus kas 954 - (743) 211 Cash flow hedge
Liabilitas sewa 37.114 (4.544) - 32.570 Lease liabilities
Cadangan kerugian Allowance for impairment
penurunan nilai losses on other
piutang lain-lain 255 (192) - 63 receivables
Dividen saham 77 (77) - - Stock dividend
447.475 (66.791) 17.275 397.959
Liabilitas pajak tangguhan: Deferred tax liabilities:
Penyusutan aset tetap (20.786) 3.267 - (17.519) Depreciation of fixed assets
Aset hak guna (31.272) 5.797 - (25.475) Right-of-use asset
(52.058) 9.064 - (42.994)
Aset pajak tangguhan - neto 395.417
1 (57.727)
1 17.275
1 354.965
1 Deferred tax assets - net
* Tidak diaudit *Unaudited
83
589
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 594
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
d. Aset/(liabilitas) pajak tangguhan - neto (lanjutan) d. Deferred tax asset/(liabilities) - net (continued)
2022 1
Dikreditkan ke
ekuitas dari
(Dibebankan)/ pendapatan
dikreditkan ke komprehensif
laba tahun lain/
berjalan/ Credited to
(Charged)/ equity from
Saldo awal/ credited to other Saldo akhir/
Beginning income for comprehensive Ending
balance 1 the year 1 income 1 balance 1
Aset pajak tangguhan: Deferred tax assets:
Imbalan kerja yang
masih harus dibayar 129.591 (3.146) (8.348) 118.097 Accrued employees’ benefits
Biaya lainnya yang masih
harus dibayar dan Accrued other expenses and
kesejahteraan karyawan 85.673 40.155 - 125.828 employees’ welfare
Cadangan kerugian Allowance for impairment
penurunan nilai atas losses on consumer
piutang pembiayaan financing receivables,
konsumen, piutang murabahah financing
pembiayaan murabahah dan receivables and
piutang sewa pembiayaan 57.624 15.666 - 73.290 finance lease receivables
Pemasaran 56.374 35.486 - 91.860 Marketing
Lindung nilai arus kas 17.273 - (16.319) 954 Cash flow hedge
Liabilitas sewa 39.799 (2.685) - 37.114 Lease liabilities
Cadangan kerugian Allowance for impairment
penurunan nilai losses on other
piutang lain-lain 478 (223) - 255 receivables
Dividen saham 77 - - 77 Stock dividend
386.889 85.253 (24.667) 447.475
Liabilitas pajak tangguhan: Deferred tax liabilities:
Penyusutan aset tetap (26.366) 5.580 - (20.786) Depreciation of fixed assets
Aset hak guna (35.517) 4.245 - (31.272) Right-of-use asset
(61.883) 9.825 - (52.058)
Aset pajak tangguhan - neto 325.006
1 95.078
1 (24.667)
1 395.417
1 Deferred tax assets - net
* Tidak diaudit *Unaudited
84
590
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 595
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
e. Sengketa pajak e. Tax disputes
Tahun pajak 2016 Fiscal year 2016
Pada tanggal 4 Juli 2018, Perseroan menerima Surat On 4 July 2018, the Company received Tax Assessment
Ketetapan Pajak (SKP) untuk tahun fiskal 2016. Letters for the fiscal year 2016. Based on the
Berdasarkan SKP tersebut, Kantor Pajak menetapkan Assessment Letters, the Tax Office confirmed the
kurang bayar atas Pajak Penghasilan Pasal 21 (“PPh underpayment of Article 21 Income Tax, Withholding Tax
Pasal 21”), Pajak Penghasilan Pasal 23/26 (“PPh Pasal articles 23/26, Value Added Tax (“VAT”), and Corporate
23/26”), Pajak Pertambahan Nilai (“PPN”) dan Pajak Income Tax (“CIT”) aggregating Rp364,058. The result of
Penghasilan Badan dengan jumlah keseluruhan the audit was agreed by the Company’s Management,
Rp364.058. Hasil pemeriksaan tersebut telah disetujui except for the assessment on the underpayment of
Manajemen Perseroan, kecuali ketetapan kurang bayar Corporate Income Tax of Rp292,138 and the VAT
Pajak Penghasilan Badan sebesar Rp292.138 dan underpayment assessment of Rp49,374 (including
ketetapan kurang bayar PPN sebesar Rp49.374 penalty) which were also subsequently paid and
(termasuk denda) yang telah dibayar dan dicatat recorded as prepaid tax. On 24 September 2018, the
sebagai pajak dibayar dimuka. Pada tanggal Company has submitted the objection letter for the
24 September 2018, Perseroan telah mengajukan surat assessment of Corporate Income Tax and VAT as
keberatan atas penetapan Pajak Penghasilan Badan mentioned in the Underpayment Tax Assessment
dan PPN yang tercantum dalam Surat Ketetapan Pajak Letters. The tax assessment which was agreed by the
Kurang Bayar. Hasil pemeriksaan yang telah disetujui Company’s Management of Rp21,073 for Corporate
Manajemen Perseroan masing-masing sebesar Income Tax, Rp1,167 for Article 21 Income Tax, Rp117
Rp21.073 untuk Pajak Penghasilan Badan, Rp1.167 for Withholding Tax articles 23/26 and Rp189 for
untuk PPh Pasal 21, Rp117 untuk PPh Pasal 23/26 dan Overseas VAT has been paid and was charged to the
Rp189 untuk PPN Luar Negeri telah dibayar dan statement of proft or loss year 2018.
dibebankan ke laporan laba rugi tahun 2018.
Pada tanggal 8 Agustus 2019, Perseroan menerima On 8 August 2019, the Company received Objection
Surat Keputusan Keberatan atas Surat Ketetapan Pajak Decision Letter on VAT assessment letter for period
PPN masa Januari - Desember 2016 yang isinya January - December 2016 which rejected all the
menolak seluruh keberatan Perseroan. Pada tanggal Company’s objection. On 1 November 2019, The
1 November 2019, Perseroan telah mengajukan Company has filed appeal request to Tax Court on
permohonan banding ke Pengadilan Pajak atas rejected decision of Rp49,374.
keputusan yang ditolak sebesar Rp49.374.
Pada tanggal 9 Agustus 2019, Perseroan menerima On 9 August 2019, the Company received Objection
Surat Keputusan Keberatan atas Surat Ketetapan Pajak Decision Letter on CIT assessment letter for Fiscal Year
PPh Badan Tahun Pajak 2016. Dalam surat keputusan 2016. On that objection decision, Tax Office only partially
keberatan tersebut, Kantor Pajak hanya menyetujui agreed on CIT objection request amounting to Rp802.
sebagian permohonan keberatan pajak PPh Badan On 1 November 2019, The Company has filed appeal
sebesar Rp802. Pada tanggal 1 November 2019, request to Tax Court on rejected decision of Rp291,336.
Perseroan telah mengajukan permohonan banding ke
Pengadilan Pajak atas keputusan yang ditolak sebesar
Rp291.336.
Pada tanggal 3 Mei 2021, Pengadilan Pajak On 3 May 2021, the Tax Court decided on the
memutuskan sengketa PPN Perseroan. Dalam Putusan Company's VAT dispute. In the Tax Court's Decision for
Pengadilan Pajak untuk kasus PPN masa Januari - the VAT case for the period January - December 2016,
Desember 2016, Majelis Hakim mengabulkan sebagian the Panel of Judges granted part of the Company's
permohonan banding Perseroan yaitu sebesar appeal, amounting to Rp4,407.
Rp4.407.
Atas porsi kasus PPN yang ditolak sebesar Rp44.967, For rejected portion on VAT Case of Rp44,967, the
Perseroan telah mengajukan Permohonan Peninjauan Company has submitted Reconsideration Request on
Kembali pada tanggal 6 Agustus 2021 dan Kantor 6 August 2021 and Tax Office has submitted
Pajak telah memberikan Kontra Memori Peninjauan Reconsideration Request Counter Memory on
Kembali pada tanggal 16 September 2021. Perseroan 16 September 2021. The Company has received
telah menerima Putusan Mahkamah Agung yang isinya Supreme Court Decisions that granted the Company’s
mengabulkan Permohonan Peninjauan Kembali dan Reconsideration Request and the Company has
Perseroan telah menerima seluruh pengembalian pajak received all of tax refund on the granted portion.
atas porsi yang dikabulkan tersebut.
* Tidak diaudit *Unaudited
85
591
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 596
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
e. Sengketa pajak (lanjutan) e. Tax disputes (continued)
Tahun pajak 2016 (lanjutan) Fiscal year 2016 (continued)
Atas porsi kasus PPN yang diterima sebesar Rp4.407, For accepted portion on VAT case of Rp4,407, Tax
Kantor Pajak telah mengajukan Permohonan Office has submitted Reconsideration Request on
Peninjauan Kembali pada tanggal 4 Agustus 2021 dan 4 August 2021 and the Company has submitted
Perseroan telah memberikan Kontra Memori Reconsideration Request Counter Memory on
Peninjauan Kembali pada tanggal 15 September 2021. 15 September 2021. Up to reporting date, the Company
Sampai dengan tanggal pelaporan, Perseroan telah has received Supreme Court Decisions that rejected the
menerima Putusan Mahkamah Agung yang isinya Tax Office Reconsideration Request. Tax Office has
menolak Permohonan Peninjauan Kembali Kantor refunded all accepted portion on VAT case of Rp4,407.
Pajak. Kantor Pajak telah mengembalikan seluruh porsi
kasus PPN yang diterima sebesar Rp4.407.
Adapun atas kasus PPN masa Februari 2016 dengan As for the VAT case for tax period February 2016 with
nilai sengketa Rp2.934, Kantor Pajak mengajukan disputed value of Rp2,934, The Tax Office has filed the
Peninjauan Kembali Kedua pada tanggal 23 Mei 2023. Second Reconsideration Request on 23 May 2023. Up to
Sampai dengan tanggal pelaporan, Perseroan masih the reporting date, the Company is still waiting the
menunggu hasil proses Peninjauan Kembali Kedua. Second Reconsideration result.
Pada tanggal 13 Desember 2021, Pengadilan Pajak On 13 December 2021, the Tax Court decided on the
memutuskan sengketa PPh Badan Perseroan. Dalam Company's CIT dispute. In the Tax Court's Decision for
Putusan Pengadilan Pajak untuk kasus PPh Badan the CIT case for Fiscal Year 2016, the Panel of Judges
Tahun Pajak 2016, Majelis Hakim mengabulkan granted some of the Company's appeal, amounting to
sebagian permohonan banding Perseroan sebesar Rp290,091 and rejected some of Company's appeal
Rp290.091 dan menolak sebagian banding Perseroan amounting to Rp1,245.
sebesar Rp1.245.
Untuk bagian yang diterima, Kantor Pajak sudah For accepted part, Tax Office has filed Reconsideration
mengajukan Peninjauan Kembali pada tanggal Request on 28 March 2022 and the Company has
28 Maret 2022 dan Perseroan telah memberikan submitted Reconsideration Request Counter Memory on
Kontra Memori Peninjauan Kembali pada tanggal 22 April 2022. The Company has received tax refund
22 April 2022. Perseroan telah menerima from granted portion on 15 June 2022. For rejected part,
pengembalian pajak dari porsi yang dikabulkan pada the Company had filed Reconsideration Request to
tanggal 15 Juni 2022. Untuk bagian yang ditolak, Supreme Court on 10 March 2022 and Tax Office has
Perseroan telah mengajukan Peninjauan Kembali ke submitted Reconsideration Request Counter Memory on
Mahkamah Agung pada tanggal 10 Maret 2022 dan 14 April 2022. The Company has received Supreme
Kantor Pajak telah memberikan Kontra Memori Court Decision rejecting Reconsideration Request filed
Peninjauan Kembali pada tanggal 14 April 2022. by Company and Tax Office and hence, Tax Court
Perseroan telah menerima Putusan Mahkamah Agung Decision for CIT case dated 13 December 2021 has
yang isinya menolak permohonan Peninjauan Kembali been final and has permanent legal force.
Perseroan dan Kantor Pajak sehingga Putusan
Pengadilan Pajak untuk kasus PPh Badan tanggal
13 Desember 2021 telah final dan memilik kekuatan
hukum tetap.
Tahun pajak 2017 Fiscal year 2017
Pada tanggal 28 Juni 2022, Perseroan menerima SKP On 28 June 2022, the Company received Tax
untuk tahun fiskal 2017. Berdasarkan SKP tersebut, Assessment Letters for the fiscal year 2017. Based on
Kantor Pajak menetapkan kurang bayar atas PPh the Assessment Letters, the Tax Office confirmed the
Pasal 21, PPh Pasal 23/26, PPN, dan Pajak underpayment of Article 21 Income Tax, Withholding Tax
Penghasilan Badan dengan jumlah keseluruhan Articles 23/26, VAT, and Corporate Income Tax
Rp28.324 yang di dalamnya terdapat porsi lebih bayar aggregating Rp28,324 which include Corporate Income
PPh Badan Rp14.909 yang disetujui oleh Kantor Pajak. Tax overpayment of Rp14,909 agreed by Tax Office. The
Perseroan setuju dengan koreksi lebih bayar PPh Company agreed with correction on Corporate Income
Badan sebesar Rp14.909 dan koreksi kurang bayar Tax overpayment of Rp14,909 and correction on Article
PPh Pasal 21, PPh Pasal 23/26, PPN Luar Negeri 21, Articles 23/26, Overseas VAT underpayment of
sebesar Rp1.274. Rp1,274.
* Tidak diaudit *Unaudited
86
592
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 597
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. PERPAJAKAN (lanjutan) 21. TAXATION (continued)
e. Sengketa pajak (lanjutan) e. Tax disputes (continued)
Tahun pajak 2017 (lanjutan) Fiscal year 2017 (continued)
Pada tanggal 31 Agustus 2022, Perseroan mengajukan On 31 August 2022, the Company has submitted the
keberatan atas sisa ketetapan kurang bayar Pajak objection on Corporate Income Tax underpayment of
Penghasilan Badan sebesar Rp17.278 dan ketetapan Rp17,278 and VAT underpayment of Rp24,681
kurang bayar PPN sebesar Rp24.681 (termasuk (including penalties). For VAT case, on 30 March 2023,
denda). Untuk kasus PPN, pada tanggal 30 Maret the Company has received Objection Decision reducing
2023, Perseroan telah menerima Keputusan Keberatan the VAT payable from Rp24,681 to Rp21,976. For CIT
yang isinya mengurangkan PPN terutang dari case, on 2 May 2023, the Company has received
Rp24.681 menjadi Rp21.976. Untuk kasus PPh Badan, Objection Decision that granted part of the Company's
pada tanggal 2 Mei 2023, Perseroan telah menerima objection, amounting to Rp12,791 out of a total request
Keputusan Keberatan yang isinya mengabulkan amounting to Rp17,278. For rejected portion on CIT case
sebagian permohonan keberatan sebesar Rp12.791 of Rp4,487, the company agreed with CIT objection
dari total permohonan sebesar Rp17.278. Atas porsi decision amounting to Rp388 which was charged to the
PPh Badan yang ditolak keberatannya sebesar statement of proft or loss on June 2023.
Rp4.487, Perseroan menyetujui sebagian keputusan
keberatan sebesar Rp388 yang telah dibebankan ke
laporan laba rugi Juni 2023.
Pada tanggal 14 Juni 2023, Perseroan mengajukan On 14 June 2023, the Company filed appeal request to
banding untuk kasus PPh Badan sebesar Rp4.099 dan Tax Court for CIT case of Rp4,099 and VAT case of
kasus PPN sebesar Rp21.976. Sampai dengan tanggal Rp21,976. Up to reporting date, the tax appeal is still
pelaporan, proses banding masih berlangsung. ongoing.
Tahun pajak 2018 Fiscal year 2018
Pada tanggal 5 September 2023, Perseroan menerima On 5 September 2023, the Company received Tax
SKP untuk tahun fiskal 2018. Berdasarkan SKP Assessment Letters for the fiscal year 2018. Based on
tersebut, Kantor Pajak menetapkan kurang bayar atas the Assessment Letters, the Tax Office confirmed the
PPh Pasal 21, PPh Pasal 21 Final, PPh Pasal 23/26, underpayment of Article 21 Income Tax, Article 21 Final
PPh Pasal 4 ayat (2), PPN, dan Pajak Penghasilan Income Tax, Withholding Tax Articles 23/26, Withholding
Badan dengan jumlah keseluruhan Rp38.473. Tax Article 4 paragraph (2), VAT, and Corporate Income
Perseroan setuju dengan koreksi kurang bayar PPh Tax aggregating Rp38,473. The Company agreed with
Pasal 21, PPh Pasal 21 Final, PPh Pasal 23/26, dan correction on Article 21, Article 21 Final, Articles 23/26,
PPh Pasal 4 ayat (2) sebesar Rp152. and Article 4 paragraph (2) underpayment of Rp152.
Pada tanggal 3 November 2023, Perseroan On 3 November 2023, the Company has submitted the
mengajukan keberatan atas ketetapan kurang bayar objection on Corporate Income Tax underpayment of
Pajak Penghasilan Badan sebesar Rp12.814 dan Rp12,814 and VAT underpayment of Rp25,507
ketetapan kurang bayar PPN sebesar Rp25.507 (including penalties). Up to reporting date, the tax
(termasuk denda). Sampai dengan tanggal pelaporan, objection is still ongoing.
proses keberatan masih berlangsung.
f. Administrasi f. Administration
Sesuai dengan peraturan perpajakan di Indonesia, Under the taxation laws of Indonesia, the Company
Perseroan melaporkan/menyetorkan pajak berdasarkan reports/pays tax on the basis of self-assessment.
sistem self-assessment. Direktur Jendral Pajak (“DJP”) Directorate General of Tax (“DJP”) may assess or amend
dapat menetapkan atau mengubah liabilitas pajak tax liabilities within five years since the time the tax
dalam waktu lima tahun sejak saat terutangnya pajak. becomes due.
* Tidak diaudit *Unaudited
87
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SUKUK MUDHARABAH 22. MUDHARABAH BONDS
2023 - 2022 -
Nilai nominal: Nominal value:
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap II Phase II
Pihak ketiga - 29.000 Third parties
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap III Phase III
Pihak ketiga 32.000 32.000 Third parties
Sukuk Mudharabah Berkelanjutan III Continuing Mudharabah Bonds III
Tahap IV Phase IV
Pihak ketiga 14.000 14.000 Third parties
Sukuk Mudharabah Berkelanjutan IV Continuing Mudharabah Bonds IV
Tahap II Phase II
Pihak ketiga 66.000 66.000 Third parties
Sukuk Mudharabah Berkelanjutan IV Continuing Mudharabah Bonds IV
Tahap III Phase III
Pihak ketiga 147.000 300.000 Third parties
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap I Phase I
Pihak ketiga 300.000 - Third parties
Sukuk Mudharabah Berkelanjutan V Continuing Mudharabah Bonds V
Tahap II Phase II
Pihak ketiga 300.000 - Third parties
Jumlah - neto 859.000
1 441.000
1 Total - net
Dikurangi: Less:
Bagian yang jatuh tempo dalam waktu
satu tahun 427.170 182.000 Current portion
Bagian yang jatuh tempo lebih dari satu tahun 431.830
1 259.000
1 Non-current portion
Sesuai dengan perjanjian perwaliamanatan sukuk According to the trustee mudharabah bonds agreement,
mudharabah, kecuali Sukuk Mudharabah Berkelanjutan IV except Continuing Mudharabah Bonds IV and Continuing
dan Sukuk Mudharabah Berkelanjutan V, Perseroan Mudharabah Bonds V, the Company provides collateral with
memberikan jaminan fidusia berupa piutang pembiayaan fiduciary transfer of murabahah financing receivables (see
murabahah (lihat Catatan 6) dan rasio jumlah pinjaman Note 6) and debt to equity ratio should not exceed the
terhadap ekuitas tidak melebihi ketentuan, yaitu maksimal provision, at maximum 10:1. Moreover, during the time that
10:1. Selain itu, selama pokok sukuk mudharabah belum the mudharabah bonds principals are still outstanding, the
dilunasi, Perseroan tidak diperkenankan, antara lain Company is not allowed to, among others, merge unless
melakukan penggabungan usaha kecuali dilakukan pada performed on the same business and sell or assign more
bidang usaha yang sama serta menjual atau mengalihkan than 40% of the Company’s non-consumer financing
lebih dari 40% aset Perseroan yang bukan piutang receivables assets.
pembiayaan konsumen.
Pendapatan bagi hasil sukuk mudharabah dihitung Revenue sharing for mudharabah bonds is calculated by
berdasarkan perkalian antara nisbah bagi hasil dengan marjin multiplication of revenue sharing ratio and margin that the
yang diperoleh Perseroan dari hasil pembiayaan murabahah. Company acquired from murabahah financing.
Pada tanggal 31 Desember 2023 dan 2022, Perseroan telah As of 31 December 2023 and 2022, the Company has paid
melakukan pembayaran bagi hasil sesuai dengan jatuh tempo the revenue sharing on schedule as stated in the trustee
yang telah ditetapkan dalam perjanjian perwaliamanatan dan agreement and complied with all the requirements
telah memenuhi seluruh persyaratan yang disebutkan dalam mentioned in the trustee agreement. Total principal of
perjanjian perwaliamanatan. Jumlah pokok sukuk mudharabah bonds have been paid in accordance with the
mudharabah telah dibayarkan sesuai dengan tanggal jatuh respective mudharabah bonds’ maturity date.
tempo sukuk mudharabah yang bersangkutan.
* Tidak diaudit *Unaudited
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 599
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SUKUK MUDHARABAH (lanjutan) 22. MUDHARABAH BONDS (continued)
Pada tanggal 31 Desember 2023 dan 2022, seluruh sukuk As of 31 December 2023 and 2022, all of the Company’s
mudharabah Perseroan mendapat peringkat idAAA(sy) dari mudharabah bonds are rated idAAA(sy) by
PT Pemeringkat Efek Indonesia (Pefindo). PT Pemeringkat Efek Indonesia (Pefindo).
Bagi hasil atas sukuk mudharabah pada tahun 2023 sebesar The revenue sharing for mudharabah bonds in 2023
Rp29.983 (2022: Rp29.140). amounted to Rp29,983 (2022: Rp29,140).
Informasi mengenai klasifikasi dan nilai wajar sukuk Information with respect to the classification and fair value
mudharabah diungkapkan pada Catatan 38. of mudharabah bonds is disclosed in Note 38.
23. MODAL SAHAM DAN TAMBAHAN MODAL DISETOR 23. SHARE CAPITAL AND ADDITIONAL PAID-IN
CAPITAL
Pemegang saham Perseroan pada tanggal 31 Desember The Company’s shareholders as of 31 December 2023 and
2023 dan 2022 adalah sebagai berikut: 2022 are as follows:
2023 dan/and 2022
Jumlah saham
yang ditempatkan
dan disetor penuh/ Persentase
Number of shares kepemilikan/
issued and Percentage of Jumlah/
Pemegang saham fully paid ownership Total Shareholders
PT Bank Danamon Indonesia Tbk 920.700.000 92,07% 92.070 PT Bank Danamon Indonesia Tbk
PT Zurich Asuransi Indonesia Tbk 4.204.800 0,42% 420 PT Zurich Asuransi Indonesia Tbk
Lain-lain (masing-masing dengan
kepemilikan di bawah 5%) 75.095.200 7,51% 7.510 Others (each owns below 5%)
1.000.000.000 100,00% 100.000
Pada tahun 2017, terdapat penyesuaian tambahan modal In 2017, there was an additional paid-in capital adjustment
disetor terkait aset pengampunan pajak berupa related to tax amnesty asset for the additional of fixed
penambahan aset tetap sebersar Rp6.750. assets amounted Rp6,750.
24. PENGGUNAAN LABA NETO 24. APPROPRIATION OF NET INCOME
Pada tanggal 4 April 2023, para pemegang saham On 4 April 2023, the shareholders agreed to declare cash
menyetujui untuk membagikan dividen kas sebesar dividends amounting to Rp803,000 or Rp803 (full amount)
Rp803.000 atau Rp803 (nilai penuh) per saham dan per share and to add to the general reserve of Rp16,055.
menambah cadangan umum sebesar Rp16.055. Dividen Cash dividends were paid on 4 May 2023.
kas dibayarkan pada tanggal 4 Mei 2023.
Pada tanggal 30 Maret 2022, para pemegang saham On 30 March 2022, the shareholders agreed to declare cash
menyetujui untuk membagikan dividen kas sebesar dividends amounting to Rp607,000 or Rp607 (full amount)
Rp607.000 atau Rp607 (nilai penuh) per saham dan per share and to add to the general reserve of Rp12,127.
menambah cadangan umum sebesar Rp12.127. Dividen Cash dividends were paid on 29 April 2022.
kas dibayarkan pada tanggal 29 April 2022.
Pada tanggal 31 Desember 2023, Perseroan telah As of 31 December 2023, the Company had a general
membentuk cadangan umum sejumlah Rp223.137 (2022: reserve amounting to Rp223,137 (2022: Rp207,082), in
Rp207.082) sesuai dengan Undang-undang Republik accordance with Law of the Republic of Indonesia
Indonesia No. 1/1995 yang telah digantikan dengan No. 1/1995 which had been replaced by the Law
Undang-Undang No. 40/2007 efektif tanggal 16 Agustus No. 40/2007 effective on 16 August 2007 regarding the
2007 tentang Perseroan Terbatas, yang mengharuskan Limited Liability Company, which requires Indonesian
perseroan di Indonesia untuk membuat penyisihan companies to set up a general reserve amounting to at least
cadangan umum sebesar sekurang-kurangnya 20% dari 20% of the Company’s issued and paid up share capital.
jumlah modal yang ditempatkan dan disetor penuh. There is no definite period of time over which this amount
Undang-undang tersebut tidak mengatur jangka waktu should be provided.
untuk penyisihan cadangan umum minimum tersebut.
* Tidak diaudit *Unaudited
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 600
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. KERUGIAN KUMULATIF ATAS INSTRUMEN 25. CUMULATIVE LOSSES ON DERIVATIVE
DERIVATIF UNTUK LINDUNG NILAI ARUS KAS INSTRUMENTS FOR CASH FLOWS HEDGES
Perubahan kerugian kumulatif atas instrumen derivatif The movements of cumulative losses on derivative
untuk lindung nilai arus kas yang merupakan bagian efektif instruments for cash flows hedges which is an effective
dari akumulasi perubahan bersih nilai wajar instrumen portion of the cumulative net change in the fair value of cash
lindung nilai arus kas yang terkait dengan transaksi lindung flows hedging instruments related to hedged transactions
nilai yang belum mempengaruhi laba rugi adalah sebagai that have not yet affected the profit and loss are as follows:
berikut:
2023 - 2022 -
Saldo awal tahun berjalan - Balance at the beginning of the year -
sebelum pajak penghasilan tangguhan (4.337) (78.514) before deferred income tax
Bagian efektif dari perubahan nilai wajar 3.378 74.177 Effective portion of changes in fair value
(959) (4.337)
Aset pajak tangguhan (lihat Catatan 21) 211 954 Deferred tax asset (see Note 21)
Saldo akhir tahun berjalan - Balance at the end of the year -
setelah pajak penghasilan tangguhan (748)
1 (3.383)
1 after deferred income tax
26. LABA PER SAHAM – DASAR 26. EARNINGS PER SHARE – BASIC
Laba per saham dihitung dengan membagi laba tahun berjalan Earnings per share is calculated by dividing income for the
dengan rata-rata tertimbang jumlah lembar saham yang year by the weighted average number of outstanding
beredar pada tahun bersangkutan. shares during the year.
2023 - 2022 -
Laba tahun berjalan 1.944.047 1.605.555 Income for the year
Rata-rata tertimbang jumlah Weighted average number of
saham yang beredar 1.000.000.000 1.000.000.000 outstanding shares
Laba per saham - dasar Earnings per share - basic
(dinyatakan dalam nilai Rupiah penuh) 1.944
1 1.606
1 (expressed in full amount of Rupiah)
Perseroan tidak memiliki instrumen yang memberikan dampak The company does not have instrument that gives impact of
efek dilusi pada laba per saham dasar. dilution effect on basic earning per share.
27. PENDAPATAN PEMBIAYAAN KONSUMEN 27. CONSUMER FINANCING INCOME
2023 - 2022 -
Pendapatan pembiayaan konsumen Consumer financing income
Pihak ketiga 8.040.934 7.168.961 Third parties
Pihak berelasi 436 256 Related parties
Dikurangi: Less:
Bagian pendapatan yang dibiayai pihak
berelasi sehubungan dengan transaksi Portion of funds financed by related
pembiayaan bersama (1.999.594) (1.795.543) party in relation to joint financing
6.041.776
1 5.373.674
1
Pada tahun 2023, amortisasi biaya transaksi yang diakui In 2023, the amortisation of transaction costs recognised as
sebagai pengurang dari pendapatan pembiayaan konsumen a reduction to consumer financing income amounted to
sebesar Rp586.138 (2022: Rp403.258). Rp586,138 (2022: Rp403,258).
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
* Tidak diaudit *Unaudited
90
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 601
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
28. MARJIN MURABAHAH 28. MURABAHAH MARGIN
2023 - 2022 -
Marjin murabahah Murabahah margin
Pihak ketiga 2.188.967 1.752.025 Third parties
Pihak berelasi 15 44 Related parties
Dikurangi: Less:
Bagian pendapatan yang dibiayai pihak berelasi
sehubungan dengan transaksi Portion of funds financed by related party
pembiayaan bersama (706.122) (556.906) in relation to joint financing
1.482.860
1 1.195.163
1
Pada tahun 2023, amortisasi biaya transaksi yang diakui 0 In 2023, the amortisation of transaction costs recognised as
sebagai pengurang dari marjin murabahah konsumen 3 a reduction to consumer murabahah margin amounted to
sebesar Rp194.010 (2022: Rp140.263). 9 Rp194,010 (2022: Rp140,263).
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
29. PENDAPATAN SEWA PEMBIAYAAN 29. FINANCE LEASES INCOME
2023 - 2022 -
Pendapatan sewa pembiayaan 147.862
- 68.220
- Finance leases income
Pada tahun 2023, amortisasi biaya transaksi yang diakui In 2023, the amortisation of transaction costs recognised as
sebagai pengurang dari pendapatan sewa pembiayaan a reduction to finance leases income amounted to Rp2,087
sebesar Rp2.087 (2022: Rp315). (2022: Rp315).
30. PENDAPATAN LAIN-LAIN 30. OTHER INCOME
2023 - 2022 -
Pihak ketiga Third parties
Administrasi 790.174 523.486 Administration
Denda keterlambatan 492.152 568.274 Late charges
Pemulihan dari piutang yang dihapusbukukan 261.483 348.780 Recovery of written-off receivables
Pinalti 114.075 118.167 Penalty
Komisi asuransi 38.433 35.211 Insurance commission
Jasa giro 26.656 25.571 Interest on current accounts
Lain-lain 38.919 10.106 Others
1.761.892 1.629.595
Pihak berelasi Related parties
Komisi asuransi, sponsorship dan lainnya 67.999 67.993 Insurance commission, sponsorship and others
Jasa giro 5.545 5.791 Interest on current accounts
73.544 73.784
1.835.436
1 1.703.379
1
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
* Tidak diaudit *Unaudited
91
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 602
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31. BEBAN GAJI DAN TUNJANGAN 31. SALARIES AND BENEFITS EXPENSES
2023 - 2022 -
Pihak ketiga Third parties
Gaji dan tunjangan 2.109.847 2.046.517 Salaries and allowance
Pelatihan dan pendidikan 80.164 64.697 Training and education
Imbalan pasca-kerja karyawan 64.692 46.469 Post-employment benefits
2.254.703 2.157.683
Pihak berelasi Related parties
Gaji dan tunjangan 166.873 126.472 Salaries and allowance
Imbalan pasca-kerja karyawan (1.844) 20.269 Post-employment benefits
165.029 146.741
2.419.732
1 2.304.424
1
Beban gaji dan tunjangan kepada Direksi pada tahun 2023 Salaries and benefits expenses for Directors in 2023
sebesar Rp58.090 (2022: Rp68.623). Beban gaji dan amounted to Rp58,090 (2022: Rp68,623). Salaries and
tunjangan kepada Komisaris pada tahun 2023 sebesar benefits expenses for Commissioners in 2023 amounted to
Rp7.060 (2022: Rp5.520). Rp7,060 (2022: Rp5,520).
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
32. BEBAN BUNGA DAN KEUANGAN 32. INTEREST EXPENSE AND FINANCING CHARGES
2023 - 2022 -
Pihak ketiga Third parties
Bunga atas pinjaman yang diterima 463.505 183.735 Interest on borrowings
Bunga atas utang obligasi (lihat Catatan 18) 332.499 419.599 Interest on bonds payable (see Note 18)
Bagi hasil pinjaman mudharabah 15.472 - Revenue sharing for mudharabah loans
Bunga atas liabilitas sewa 12.590 14.189 Interest on lease liabilities
Amortisation of mudharabah bonds
Amortisasi biaya emisi sukuk mudharabah 815 1.039 issuance cost
Beban provisi dan administrasi Provision and administration
pinjaman mudharabah 250 - expenses on mudharabah loan
825.131 618.562
Pihak berelasi Related parties
Bunga atas pinjaman yang diterima 150.100 74.173 Interest on borrowings
Bunga atas utang obligasi (lihat Catatan 18) 6.968 7.398 Interest on bonds payable (see Note 18)
157.068 81.571
982.199
1 700.133
1
Amortisasi biaya emisi obligasi yang diterbitkan pada tahun The amortisation of bonds issuance costs in 2023
2023 sebesar Rp5.736 (2022: Rp7.227) dicatat sebagai amounting to Rp5,736 (2022: Rp7,227) was recorded as
bagian dari bunga atas utang obligasi, sedangkan part of interest on bonds payable, while amortisation of
amortisasi beban provisi atas pinjaman yang diterima pada provision expenses on borrowings in 2023 amounting to
tahun 2023 sebesar Rp9.145 (2022: Rp980) dicatat sebagai Rp9,145 (2022: Rp980), was recorded as part of interest on
bagian dari bunga atas pinjaman yang diterima. borrowings.
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
* Tidak diaudit *Unaudited
92
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 603
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. BEBAN UMUM DAN ADMINISTRASI 33. GENERAL AND ADMINISTRATIVE EXPENSES
2023 - 2022 -
Pihak ketiga Third parties
Beban kantor 579.959 558.125 Office expenses
Beban sewa 167.313 143.155 Rental expenses
Penyusutan aset hak guna Depreciation of right-of-use assets
(lihat Catatan 13) 99.939 98.973 (see Note 13)
Perbaikan dan pemeliharaan 99.464 97.306 Repairs and maintenance
Transportasi 71.250 43.830 Transportation
Jasa penerimaan angsuran 64.009 61.907 Installment collection fees
Amortisasi aset tak berwujud (lihat catatan 14) 50.490 61.820 Intangible assets amortisation (see Note 14)
Penyusutan aset tetap (lihat catatan 12) 48.701 47.266 Depreciation of fixed assets (see Note 12)
Pengiriman, perangko dan materai 46.706 63.254 Delivery, postage and stamp duties
Percetakan dan dokumentasi 23.988 18.292 Printing and documentation
Administrasi bank 447 325 Bank administration
Lain-lain 84.479 124.266 Others
1.336.745 1.318.519
Pihak berelasi Related party
Asuransi aset tetap dan lainnya 2.197 2.402 Fixed assets and other insurance
1.338.942
1 1.320.921
Lihat Catatan 36 untuk rincian saldo dan transaksi dengan Refer to Note 36 for details of balances and transactions
pihak berelasi. with related parties.
34. BEBAN LAIN-LAIN 34. OTHER EXPENSES
2023 - 2022 -
Penyisihan kerugian penurunan nilai Provision for impairment losses
piutang lain-lain 2.529 4.145 on other receivables
Lain-lain 2.643 32.859 Others
5.172
1 37.004
1
35. LIABILITAS IMBALAN KERJA 35. EMPLOYMENT BENEFITS LIABILITIES
2023 - 2022 -
Imbalan kerja jangka pendek 375.621 390.941 Short-term employee benefits
Imbalan pasca-kerja 561.160 492.986 Post-employment benefits
Imbalan kerja jangka panjang lainnya 45.391 40.503 Other long-term employment benefits
982.172
1 924.430
1
Imbalan kerja jangka pendek Short-term employee benefits
2023 - 2022 -
Bonus, THR, insentif, gaji, dan lain-lain Accrued bonus, THR, incentive,
yang masih harus dibayar 375.621 390.941 salaries, and others
Imbalan pasca-kerja Post-employment benefits
Sejak 16 Mei 2007, Perseroan menyelenggarakan program Since 16 May 2007, the Company has defined benefit
pensiun imbalan pasti untuk karyawan tetap yang sudah pension program covering its qualified permanent
memenuhi kriteria yang ditetapkan Perseroan dan dikelola employees who meet the Company’s criteria, managed
serta diadministrasikan oleh PT Asuransi Jiwa Manulife and administered by PT Asuransi Jiwa Manulife Indonesia.
Indonesia.
* Tidak diaudit *Unaudited
93
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 604
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. LIABILITAS IMBALAN KERJA (lanjutan) 35. EMPLOYMENT BENEFITS LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefits (continued)
Pada tanggal 31 Desember 2023 dan 2022, iuran karyawan As of 31 December 2023 and 2022, the employees’
yang dibayarkan oleh Perseroan adalah sebesar 3% dari contribution paid by the Company was 3% of the
penghasilan tetap karyawan. employees’ salaries.
Pada tahun 2023, imbalan pasti yang diakui sebagai “beban In 2023, the defined benefit are recognised as “salaries
gaji dan tunjangan” pada laporan laba rugi sebesar and benefits expenses” in the statement of profit or loss
Rp26.194 (2022: Rp24.916). amounting to Rp26,194 (2022: Rp24,916).
Sesuai dengan UU Ketenagakerjaan yang berlaku, In accordance with applicable Labour Law, the Company is
Perseroan wajib memberikan imbalan pasca-kerja kepada required to provide post-employment benefits to its
karyawannya pada saat pemutusan hubungan kerja atau employees when their employment is terminated or when
pada saat karyawan menyelesaikan masa kerjanya. they retire. These benefits are primarily based on years of
Imbalan pasca-kerja ini diberikan terutama berdasarkan service and the employees’ compensation at termination or
masa kerja dan kompensasi karyawan pada saat retirement.
pemutusan hubungan kerja atau selesainya masa kerja.
Liabilitas imbalan pasca-kerja pada tanggal 31 Desember The post-employment benefits liabilities as of
2023 dan 2022 dihitung oleh aktuaris independen masing- 31 December 2023 and 2022 is calculated by an
masing tertanggal 23 Januari 2024 dan 25 Januari 2023, independent actuary dated 23 January 2024 and
I Gde Eka Sarmaja, dengan menggunakan metode 25 January 2023, respectively, I Gde Eka Sarmaja, using
Projected Unit Credit. the Projected Unit Credit Method.
Perubahan nilai kini kewajiban imbalan pasca kerja adalah The movements of the present value of obligation for post
sebagai berikut: employment benefits are as follows:
2023 - 2022 -
Saldo pada awal tahun 492.986 540.979 Balance at beginning of year
Beban jasa kini 46.797 44.031 Current service cost
Beban jasa lalu (65.417) (68.891) Past service cost
Beban bunga 33.749 28.241 Interest expense
Pengukuran kembali: Remeasurement:
- Perubahan dalam asumsi keuangan 77.453 (47.856) Change in financial assumptions -
- Penyesuaian pengalaman kewajiban 4.447 9.907 Experience adjustment on obligation -
Imbalan yang di bayar (28.855) (13.425) Benefits paid
Saldo pada akhir tahun 561.160
1 492.986
1 Balance at end of year
Jumlah yang diakui pada laporan laba rugi adalah sebagai The amounts recognised in the statements of profit or loss
berikut: are as follows:
2023 - 2022 -
Beban jasa kini 46.797 44.031 Current service cost
Beban jasa lalu (65.417) (68.891) Past service cost
Beban bunga 33.749 28.241 Interest expense
Beban yang diakui pada tahun berjalan 15.129
1 3.381 Expense to be recognised in the current year
* Tidak diaudit *Unaudited
94
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 605
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. LIABILITAS IMBALAN KERJA (lanjutan) 35. EMPLOYMENT BENEFITS LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefits (continued)
Asumsi-asumsi utama yang digunakan oleh aktuaria The major assumptions used by the independent actuary
independen adalah sebagai berikut: are as follows:
2023 2022
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 6,75% 7,00% Annual discount rate
Tingkat kenaikan penghasilan dasar per 7,00% 6,00% Annual salary growth rate
tahun
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/years Normal retirement age
Tingkat pengunduran peserta 9,00% per tahun sampai dengan usia 25 tahun, 7,5% per tahun pada Resignation rate
usia 26 tahun berkurang hingga 0,5% per tahun pada usia 54
tahun/9.00% per annum up to age 25, 7.5% per annum at age 26
decrease linearly to 0.5% per annum at age 54
Tingkat kematian Tabel mortalita Indonesia/Mortality table Indonesia 2019 (TMI’19) Mortality rate
Tingkat cacat 10% dari TMI’19/10% from TMI’19 Disability rate
Durasi rata-rata tertimbang dari liabilitas program pensiun The weighted average duration of the defined benefit
imbalan pasti pada tanggal 31 Desember 2023 adalah 8,66 pension obligation as of 31 December 2023 are 8.66 years
tahun (2022: 7,98 tahun). (2022: 7.98 years).
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligation to changes in
perubahan asumsi aktuaria adalah sebagai berikut: the actuarial assumptions is as follows:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (45.114) 50.989 Annual discount rate
Tingkat kenaikan penghasilan dasar
per tahun 1,00% 63.350 (56.794) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (36.694) 41.236 Annual discount rate
Tingkat kenaikan penghasilan dasar
per tahun 1,00% 53.604 (48.178) Annual salary growth rate
Analisa sensitivitas didasarkan pada perubahan atas satu The sensitivity analysis are based on a change in an
asumsi aktuarial dimana asumsi lainnya dianggap konstan. assumption while holding all other assumptions constant.
Dalam prakteknya, hal ini jarang terjadi dan perubahan In practice, this is unlikely to occur and changes in some of
beberapa asumsi mungkin saling berkorelasi. Dalam the assumptions may be correlated. When calculating the
perhitungan sensitivitas kewajiban imbalan pasti atas sensitivity of the defined benefit obligation to significant
asumsi aktuarial utama, metode yang sama (perhitungan actuarial assumptions, the same method (present value of
nilai kini kewajiban imbalan pasti dengan menggunakan the defined benefit obligation calculated with the Projected
metode Projected Unit Credit di akhir tahun) telah Unit Credit method at the end of year) has been applied as
diterapkan seperti dalam perhitungan kewajiban pensiun when calculating the pension liability recognised within the
yang diakui dalam laporan posisi keuangan. statements of financial position.
* Tidak diaudit *Unaudited
95
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 606
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. LIABILITAS IMBALAN KERJA (lanjutan) 35. EMPLOYMENT BENEFITS LIABILITIES (continued)
Imbalan pasca-kerja (lanjutan) Post-employment benefits (continued)
Analisis jatuh tempo yang diharapkan dari manfaat pensiun Expected maturity analysis of undiscounted pension
yang tidak terdiskonto adalah sebagai berikut: benefits are as follows:
2023 - 2022 -
Dalam waktu 10 tahun 651.974 621.771 Within next 10 years
Dalam waktu 10-20 tahun 1.584.728 1.226.039 Within 10-20 years
Dalam waktu 20-30 tahun 1.075.341 695.904 Within 20-30 years
Dalam waktu 30-40 tahun 29.962 12.420 Within 30-40 years
Imbalan kerja jangka panjang lainnya Other long-term employment benefits
Imbalan jangka panjang lainnya dalam bentuk penghargaan Other long-term employment benefits include service
pengabdian didiskontokan ke nilai kini. award is discounted to present value.
Liabilitas imbalan jangka panjang lainnya pada tanggal The other long-term liability benefits liabilities as of
31 Desember 2023 dan 2022 dihitung oleh aktuaris 31 December 2023 and 2022 is calculated by an
independen masing-masing tertanggal 23 Januari 2024 dan independent actuary dated 23 January 2024 and
25 Januari 2023, I Gde Eka Sarmaja, dengan menggunakan 25 January 2023, respectively, I Gde Eka Sarmaja, using
metode Projected Unit Credit. the Projected Unit Credit Method.
Perubahan nilai kini kewajiban imbalan kerja jangka panjang The movements of the present value of obligation for other
lainnya adalah sebagai berikut: long-term employment benefits are as follows:
2023 - 2022 -
Saldo pada awal tahun 40.503 44.759 Balance at beginning of year
Beban jasa kini 5.426 5.134 Current service cost
Beban bunga 2.590 2.906 Interest expense
Pengukuran kembali: Remeasurement:
- Penyesuaian pengalaman kewajiban 3.898 2.274 Experience adjustment on obligation -
- Perubahan dalam asumsi keuangan 2.810 (5.039) Change in financial assumptions -
Imbalan yang di bayar (9.836) (9.531) Benefits paid
Saldo pada akhir tahun 45.391 40.503
1 Balance at end of year
Jumlah yang diakui pada laporan laba rugi adalah sebagai The amounts recognised in the statements of profit or loss
berikut: are as follows:
2023 - 2022 -
Beban jasa kini 5.426 5.134 Current service cost
Beban bunga 2.590 2.906 Interest expense
Pengukuran kembali yang diakui Remeasurements
selama tahun berjalan 6.708 (2.765) recognised during the year
Beban yang diakui pada tahun berjalan 14.724
1 5.275
1 Expense to be recognised in the current year
* Tidak diaudit *Unaudited
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 607
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
35. LIABILITAS IMBALAN KERJA (lanjutan) 35. EMPLOYMENT BENEFITS LIABILITIES (continued)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employment benefits (continued)
Sensitivitas dari kewajiban imbalan kerja jangka panjang The sensitivity of other long-term employment benefit
lainnya terhadap perubahan asumsi aktuaria adalah sebagai obligation to changes in the actuarial assumptions is as
berikut: follows:
2023
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease
in assumption in assumption in assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (2.154) 2.361 Annual discount rate
Tingkat kenaikan penghasilan dasar per
tahun 1,00% 2.476 (2.299) Annual salary growth rate
2022
Dampak atas kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan Kenaikan Penurunan
asumsi/Change asumsi/Increase asumsi/Decrease in
in assumption in assumption assumption
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto per tahun 1,00% (1.829) 2.001 Annual discount rate
Tingkat kenaikan penghasilan dasar per
tahun 1,00% 2.127 (1.977) Annual salary growth rate
Analisa sensitivitas didasarkan pada perubahan atas satu The sensitivity analysis are based on a change in an
asumsi aktuarial dimana asumsi lainnya dianggap konstan. assumption while holding all other assumptions constant.
Dalam prakteknya, hal ini jarang terjadi dan perubahan In practice, this is unlikely to occur and changes in some of
beberapa asumsi mungkin saling berkorelasi. Dalam the assumptions may be correlated. When calculating the
perhitungan sensitivitas kewajiban imbalan pasti atas asumsi sensitivity of the defined benefit obligation to significant
aktuarial utama, metode yang sama (perhitungan nilai kini actuarial assumptions, the same method (present value of
kewajiban imbalan pasti dengan menggunakan metode the defined benefit obligation calculated with the Projected
Projected Unit Credit di akhir tahun) telah diterapkan seperti Unit Credit method at the end of year) has been applied as
dalam penghitungan kewajiban pensiun yang diakui dalam when calculating the pension liability recognised within the
laporan posisi keuangan. statements of financial position.
Analisis jatuh tempo yang diharapkan dari imbalan kerja Expected maturity analysis of undiscounted other long-
jangka panjang lainnya yang tidak terdiskonto adalah term employment benefits are as follows:
sebagai berikut:
2023 - 2022 -
Dalam waktu 10 tahun 75.530 67.636 Within next 10 years
Dalam waktu 10-20 tahun 53.068 42.985 Within 10-20 years
Dalam waktu 20-30 tahun 8.472 4.989 Within 20-30 years
* Tidak diaudit *Unaudited
97
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 608
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI PARTIES
Berikut adalah rincian sifat hubungan dengan pihak The nature of relationships with related parties is
berelasi: summarised as follows:
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
PT Bank Danamon Indonesia Tbk Perusahaan induk/Parent company Kerjasama pembiayaan, pinjaman, kas di bank dan pembelian
obligasi/Financing cooperation, borrowing, cash in bank and
purchase of bonds.
PT Zurich Asuransi Indonesia Tbk Entitas asosiasi PT Bank Danamon Indonesia Kerjasama asuransi kendaraan pembiayaan konsumen,
Tbk/Associate entity of PT Bank Danamon asuransi aset tetap Perseroan, asuransi kesehatan dan
Indonesia Tbk pembelian obligasi/Insurance cooperation in respect of motor
vehicles under consumer financing, insurance of the Company’s
fixed assets, health insurance and purchase of bonds.
PT Adira Quantum Multifinance Dimiliki oleh pemegang saham pengendali yang Investasi dalam saham/Investment in shares.
(proses likuidasi telah selesai pada sama/Owned by the same controlling
tanggal 4 April 2023/liquidation process shareholder
has been completed on 4 April 2023)
PT Home Credit Indonesia Dimiliki oleh pemegang saham pengendali Investasi dalam saham/Investment in shares.
perusahaan induk melalui Bank of Ayudhya
Public Company Limited/Owned by the
controlling shareholder of parent company
through Bank of Ayudhya Public Company
Limited
MUFG Bank, Ltd. Pemegang saham pengendali perusahaan Kas di bank dan pinjaman/Cash in bank and borrowing.
induk/The controlling shareholder of parent
company
PT Zurich General Takaful Indonesia Dimiliki oleh entitas asosiasi PT Bank Danamon Kerjasama asuransi kendaraan pembiayaan syariah/Insurance
Indonesia Tbk/Owned by associate entity of cooperation in respect of motor vehicles under sharia financing.
PT Bank Danamon Indonesia Tbk
Personil manajemen kunci/ Direktur, komisaris dan pejabat eksekutif Kontrak pembiayaan konsumen dan murabahah, pembelian
Key management personnel /Directors, commissioners and executive obligasi, serta pembayaran gaji dan tunjangan direktur,
employees komisaris dan pejabat eksekutif/Consumer and murabahah
financing contract, purchase of bonds and allowances paid to
directors, commissioners and executive employees.
− Berdasarkan perjanjian pembiayaan bersama pada − Based on the joint financing agreement dated
tanggal 30 April 2004, dan diubah pada tanggal 30 April 2004, which was amended on 26 June 2023, the
26 Juni 2023, Perseroan dan PT Bank Danamon Company and PT Bank Danamon Indonesia Tbk agreed
Indonesia Tbk setuju untuk melakukan kerjasama to enter into a joint financing facility agreement for
pemberian fasilitas pembiayaan bersama kepada consumer financing. The portion of receivables financed
konsumen. Porsi pembiayaan PT Bank Danamon by PT Bank Danamon Indonesia Tbk is maximum at
Indonesia Tbk adalah maksimal sebesar 99% dari 99% of the balance to be financed and the portion of
jumlah pembiayaan dan porsi Perseroan minimum receivables financed by the Company is minimum at 1%
sebesar 1% dari jumlah pembiayaan. PT Bank of the balance to be financed. PT Bank Danamon
Danamon Indonesia Tbk menentukan tingkat bunga Indonesia Tbk charged interest rates per annum in 2023
pada tahun 2023 berkisar antara 10,54% - 16,08% dan ranging from 10.54% - 16.08% (2022: 6.96% - 15.33%).
(2022: 6,96% - 15,33%).
− Berdasarkan perjanjian wakalah pembiayaan bersama − Based on the wakalah agreement dated
pada tanggal 14 September 2017, dan diubah pada 14 September 2017, which was amended on 26 June
tanggal 26 Juni 2023, Perseroan dan PT Bank 2023, the Company and PT Bank Danamon Indonesia
Danamon Indonesia Tbk setuju untuk melakukan Tbk agreed to enter into a joint financing facility
kerjasama pemberian fasilitas pembiayaan bersama agreement for consumer. The portion of receivables
kepada konsumen. Porsi pembiayaan PT Bank financed by PT Bank Danamon Indonesia Tbk is
Danamon Indonesia Tbk adalah maksimal sebesar 99% maximum at 99% of the balance to be financed and the
dari jumlah pembiayaan dan porsi Perseroan minimum portion of receivables financed by the Company is
sebesar 1% dari jumlah pembiayaan. PT Bank minimum at 1% of the balance to be financed. PT Bank
Danamon Indonesia Tbk menentukan tingkat bunga Danamon Indonesia Tbk charged interest rates per
pada tahun 2023 berkisar antara 11,80% - 17,46% (2022: annum in 2023 ranging from 11.80% - 17.46% (2022:
9,58% - 15,02%). 9.58% - 15.02%).
* Tidak diaudit *Unaudited
98
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 609
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
− Perseroan memperoleh fasilitas pinjaman modal kerja − The Company has working capital facilities from
dari PT Bank Danamon Indonesia Tbk dan MUFG PT Bank Danamon Indonesia dan MUFG Bank, Ltd. (see
Bank, Ltd. (lihat Catatan 16). Note 16).
− Perseroan memiliki kas di bank pada PT Bank − The Company has cash in bank at PT Bank Danamon
Danamon Indonesia Tbk dan MUFG Bank, Ltd. Indonesia Tbk and MUFG Bank, Ltd. (Jakarta) (see Note
(Jakarta) (lihat Catatan 4). 4).
− Berdasarkan perjanjian pada tanggal 27 September − Based on the agreement dated 27 September 2018, the
2018, Perseroan dan PT Zurich Asuransi Indonesia Tbk Company and PT Zurich Asuransi Indonesia Tbk agreed
setuju untuk bekerjasama dalam mempromosikan dan to enter into a cooperation agreement in promoting and
memperkenalkan produk asuransi PT Zurich Asuransi introducing insurance products of PT Zurich Asuransi
Indonesia Tbk kepada konsumen Perseroan selama Indonesia Tbk to the Company’s consumers during the
masa efektif, yaitu 20 tahun. Sebagai imbal balik, pada effective period of 20 years. In return, on 27 November
tanggal 27 November 2019 Perseroan telah menerima 2019, the Company received access fees from PT Zurich
access fee dari PT Zurich Asuransi Indonesia Tbk. Asuransi Indonesia Tbk.
− Perseroan telah menunjuk PT Zurich Asuransi − The Company appointed PT Zurich Asuransi Indonesia
Indonesia Tbk untuk menyediakan perlindungan Tbk to provide insurance coverage for fixed assets.
asuransi atas aset tetap.
− Perseroan juga menunjuk PT Zurich Asuransi Indonesia − The Company has also appointed PT Zurich Asuransi
Tbk untuk menyediakan asuransi kesehatan untuk Indonesia Tbk to provide health insurance for the
karyawan Perseroan. Company’s employees.
− Perseroan telah menunjuk PT Zurich General Takaful − The Company appointed PT Zurich General Takaful
Indonesia untuk meyediakan perlindungan asuransi Indonesia to provide insurance cover for consumers
atas kendaraan bermotor konsumen dengan motor vehicles which are sharia financed by the
pembiayaan syariah Perseroan. Company.
− Personil manajemen kunci adalah orang-orang yang − Key management personnel are those people who have
mempunyai wewenang dan tanggung jawab untuk the authority and responsibility to plan, lead, and control
merencanakan, memimpin, dan mengendalikan activities of the Company, directly or indirectly. Key
aktivitas Perseroan, secara langsung atau tidak management personnel consists of Directors,
langsung. Personil manajemen kunci Perseroan terdiri Commissioners, and executive employees of the
dari Direktur, Komisaris, dan pejabat ekskutif Company, parent company (PT Bank Danamon
Perseroan, perusahaan induk (PT Bank Danamon Indonesia Tbk), and other related parties.
Indonesia Tbk), dan pihak berelasi lainnya.
Seluruh transaksi yang signifikan dengan pihak-pihak All significant transactions with related parties are
berelasi dilakukan dengan persyaratan dan kondisi usaha conducted under commercial terms and condition which
pada umumnya yang mungkin tidak sama sebagaimana may not be similar to those conducted with third parties.
dilakukan dengan pihak ketiga.
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: follows:
a. Kas dan kas di bank (lihat Catatan 4) a. Cash on hand and in banks (see Note 4)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 736.987 500.094 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
MUFG Bank, Ltd. (Jakarta) 30 17 MUFG Bank, Ltd. (Jakarta)
737.017
- 500.111
-
Persentase terhadap total aset 2,38%
- 2,01%
- Percentage to total assets
* Tidak diaudit *Unaudited
99
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 610
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
b. Piutang pembiayaan konsumen (lihat Catatan 5) b. Consumer financing receivables (see Note 5)
2023 - 2022 -
Personil manajemen kunci dari perusahaan
induk: Key management personnel of parent company:
Piutang pembiayaan konsumen - bruto 3.036 2.609 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (337) (145) Unearned consumer financing income
Cadangan kerugian penurunan nilai (15) (6) Allowance for impairment losses
2.684 2.458
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Piutang pembiayaan konsumen - bruto 2.954 1.829 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (334) (129) Unearned consumer financing income
Cadangan kerugian penurunan nilai (92) (35) Allowance for impairment losses
2.528 1.665
Personil manajemen kunci dari pihak Key management personnel of
berelasi lainnya: other related parties:
Piutang pembiayaan konsumen - bruto 132 253 Consumer financing receivables - gross
Pendapatan pembiayaan konsumen yang
belum diakui (8) (27) Unearned consumer financing income
Cadangan kerugian penurunan nilai - (1) Allowance for impairment losses
124 225
5.336
- 4.348
-
Persentase terhadap total aset 0,02%
- 0,02%
- Percentage to total assets
c. Piutang pembiayaan murabahah (lihat Catatan 6) c. Murabahah financing receivables (see Note 6)
2023 - 2022 -
Personil manajemen kunci dari perusahaan
induk: Key management personnel of parent company:
Piutang pembiayaan murabahah - bruto 310 296 Murabahah financing receivables - gross
Margin murabahah yang belum diakui (23) (15) Unearned murabahah margin
Cadangan kerugian penurunan nilai (13) (7) Allowance for impairment losses
274 274
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Piutang pembiayaan murabahah - bruto 7 38 Murabahah margin receivables - gross
Margin murabahah yang belum diakui - (5) Unearned murabahah margin
Cadangan kerugian penurunan nilai - (2) Allowance for impairment losses
7 31
281
- 305
-
Persentase terhadap total aset 0,00%
- 0,00%
- Percentage to total assets
* Tidak diaudit *Unaudited
100
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 611
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
d. Beban dibayar dimuka (lihat Catatan 8) d. Prepaid expenses (see Note 8)
2023 - 2022 -
Pihak berelasi lainnya: Other related party:
PT Zurich Asuransi Indonesia Tbk 38.904
- 36.372
- PT Zurich Asuransi Indonesia Tbk
Persentase terhadap total aset 0,13%
1 0,15%
1 Percentage to total assets
e. Piutang lain-lain (lihat Catatan 9) e. Other receivables (see Note 9)
` 2023 2022 -
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 39.177 39.007 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Tafakul Indonesia 13.842 11.875 PT Zurich General Tafakul Indonesia
Personil manajemen kunci dari Perseroan 14.133 12.142 Key management personnel of the Company
67.152
- 63.024
-
Persentase terhadap total aset 0,22%
- 0,25%
- Percentage to total assets
Tidak terdapat kerugian penurunan nilai atas piutang No impairment losses of other receivables from key
lain-lain dari personil manajemen kunci selama tahun management personnel during the year, and no
berjalan, dan tidak ada cadangan yang dibuat untuk allowance has been made for impairment losses of
kerugian penurunan nilai atas piutang lain-lain dari other receivables from key management personnel
personil manajemen kunci dan anggota keluarga dekat and their immediate family at the end of the year.
mereka pada akhir tahun.
f. Investasi dalam saham (lihat Catatan 11) f. Investment in shares (see Note 11)
2023 - 2022 -
Pihak berelasi lainnya: Other related party:
PT Adira Quantum Multifinance PT Adira Quantum Multifinance
(proses likuidasi telah selesai (liquidation process has been completed
pada tanggal 4 April 2023) - 650 on 4 April 2023)
PT Home Credit Indonesia 386.360 - PT Home Credit Indonesia
386.360
- 650
-
Persentase terhadap total aset 1,25%
- 0,00%
- Percentage to total assets
g. Pinjaman yang diterima (lihat Catatan 16) g. Borrowings (see Note 16)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 992.083 645.416 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
MUFG Bank, Ltd. (Jakarta) 1.154.167 1.265.417 MUFG Bank, Ltd. (Jakarta)
MUFG Bank, Ltd. (Singapura) 235.181 - MUFG Bank, Ltd. (Singapore)
2.381.431 1.910.833
1
Persentase terhadap jumlah liabilitas 11,97%
1 12,85%
1 Percentage to total liabilities
* Tidak diaudit *Unaudited
101
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 612
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
h. Beban yang masih harus dibayar (lihat Catatan 17) h. Accrued expenses (see Note 17)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 2.590 1.578 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 39.874 35.989 PT Zurich Asuransi Indonesia Tbk
MUFG Bank, Ltd. (Jakarta) 9.753 9.769 MUFG Bank, Ltd. (Jakarta)
MUFG Bank, Ltd. (Singapura) 904 - MUFG Bank, Ltd. (Singapore)
Personil manajemen kunci dari Perseroan 87 100 Key management personnel of the Company
Personil manajemen kunci dari pihak Key management personnel of the other
berelasi lainnya 4 23 related parties
53.212
- 47.459
-
Persentase terhadap total liabilitas 0,27%
- 0,32%
- Percentage to total liabilities
i. Utang obligasi (lihat Catatan 18) i. Bonds payable (see Note 18)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 49.650 59.100 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related party:
PT Zurich Asuransi Indonesia Tbk 110.000 10.000 PT Zurich Asuransi Indonesia Tbk
Personil manajemen kunci dari Perseroan 6.000 6.000 Key management personnel of the Company
Personil manajemen kunci dari pihak Key management personnel of the other
berelasi lainnya 3.000 4.000 related parties
168.650
- 79.100
-
Persentase terhadap total liabilitas 0,85%
- 0,53%
- Percentage to total liabilities
j. Utang lain-lain (lihat Catatan 19) j. Other payables (see Note 19)
2023 - 2022 -
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 719.170 753.980 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Tafakul Indonesia 43.400 37.258 PT Zurich General Tafakul Indonesia
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 29.193 23.905 PT Bank Danamon Indonesia Tbk
791.763
- 815.143
-
Persentase terhadap total liabilitas 3,98%
- 5,48%
- Percentage to total liabilities
* Tidak diaudit *Unaudited
102
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 613
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
k. Pendapatan pembiayaan konsumen k. Consumer financing income (see Note 27)
(lihat Catatan 27)
2023 - 2022 -
Personil manajemen kunci Key management personnels
dari Perseroan 243 119 of the Company
Personil manajemen kunci dari Key management personnel of
perusahaan induk 173 80 parent company
Personil manajemen kunci dari pihak Key management personnel of other
berelasi lainnya 20 57 related parties
436
- 256
-
Persentase terhadap total pendapatan 0,00%
- 0,00%
- Percentage to total income
l. Marjin murabahah (lihat Catatan 28) l. Murabahah margin (see Note 28)
2023 - 2022 -
Personil manajemen kunci dari Key management personnel of
perusahaan induk 10 24 parent company
Personil manajemen kunci Key management personnels
dari Perseroan 5 20 of the Company
-15 -44
Persentase terhadap total pendapatan 0,00%
- 0,00%
- Percentage to total income
m. Pendapatan lain-lain (lihat Catatan 30) m. Other income (see Note 30)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 7.528 5.926 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 64.458 63.798 PT Zurich Asuransi Indonesia Tbk
PT Zurich General Tafakul Indonesia 1.558 4.060 PT Zurich General Tafakul Indonesia
73.544
1 73.784
1
Persentase terhadap total pendapatan 0,77%
- 0,88%
- Percentage to total income
n. Beban gaji dan tunjangan (lihat Catatan 31) n. Salaries and benefits expenses (see Note 31)
2023 - 2022 -
Personil manajemen kunci dari Perseroan: Key management personnel of the Company:
Imbalan kerja jangka pendek 164.321 126.301 Short-term employees' benefits
Imbalan pasca-kerja (1.844) 5 Post-employment benefits
Imbalan kerja jangka-panjang lainnya 2.552 171 Other long-term employees' benefits
Pesangon pemutusan kontrak kerja - 20.264 Termination benefits
165.029
- 146.741
-
Persentase terhadap total beban 2,35%
- 2,33%
- Percentage to total expenses
* Tidak diaudit *Unaudited
103
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 614
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
o. Beban bunga dan keuangan (lihat Catatan 32) o. Interest expense and financing charges
(see Note 32)
2023 - 2022 -
Perusahaan induk: Parent company:
PT Bank Danamon Indonesia Tbk 54.222 37.678 PT Bank Danamon Indonesia Tbk
Pihak berelasi lainnya: Other related parties:
MUFG Bank, Ltd. (Jakarta) 97.640 40.721 MUFG Bank, Ltd. (Jakarta)
MUFG Bank, Ltd. (Singapura) 904 - MUFG Bank, Ltd. (Singapore)
PT Zurich Asuransi Indonesia Tbk 3.646 2.257 PT Zurich Asuransi Indonesia Tbk
Personil manajemen kunci dari Perseroan 447 593 Key management personnel of the Company
Personil manajemen kunci dari Key management personnel of
perusahaan induk - 113 the parent company
Personil manajemen kunci dari pihak berelasi Key management personnel of
lainnya 209 209 the other related parties
157.068
1 81.571
1
Persentase terhadap total beban 2,23%
1 1,29%
1 Percentage to total expenses
p. Penyisihan/(pemulihan) kerugian penurunan nilai p. Provision/(reversal) for impairment losses on
piutang pembiayaan konsumen (lihat Catatan 5) consumer financing receivables (see Note 5)
2023 - 2022 -
Personil manajemen kunci dari Key management personnel of
Perseroan 57 29 the Company
Personil manajemen kunci dari Key management personnel of
perusahaan induk 9 (4) parent company
Personil manajemen kunci dari Key management personnels of the
pihak berelasi lainnya (1) - other related parties
-65 -25
Persentase terhadap total beban 0,00%
- 0,00%
- Percentage to total expenses
q. Penyisihan/(pemulihan) kerugian penurunan nilai q. Provision/(reversal) for impairment losses on
piutang pembiayaan murabahah (lihat Catatan 6) murabahah financing receivables (see Note 6)
2023 - 2022 -
Personil manajemen kunci dari Key management personnel of
perusahaan induk 6 3 parent company
Personil manajemen kunci dari Key management personnel of
Perseroan (2) (3) the Company
- 4 - -
Persentase terhadap total beban 0,00%
- 0,00%
- Percentage to total expenses
* Tidak diaudit *Unaudited
104
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 615
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
36. SALDO DAN TRANSAKSI DENGAN PIHAK-PIHAK 36. BALANCES AND TRANSACTIONS WITH RELATED
BERELASI (lanjutan) PARTIES (continued)
Saldo dan transaksi dengan pihak berelasi adalah sebagai Balances and transactions with related parties are as
berikut: (lanjutan) follows: (continued)
r. Beban umum dan administrasi (lihat Catatan 33) r. General and administrative expenses (see Note 33)
2023 - 2022 -
Pihak berelasi lainnya: Other related parties:
PT Zurich Asuransi Indonesia Tbk 2.197
- 2.402
- PT Zurich Asuransi Indonesia Tbk
Persentase terhadap total beban 0,03%
1 0,04%
1 Percentage to total expenses
s. Premi asuransi terkait pembiayaan kepada PT Zurich s. Insurance premiums related to financing to PT Zurich
Asuransi Indonesia Tbk pada tahun 2023 sebesar Asuransi Indonesia Tbk in 2023 amounted to
Rp1.243.816 (2022: Rp934.382). Perseroan Rp1,243,816 (2022: Rp934,382). The Company earned
memperoleh komisi, sponsorship dan lainnya dari PT commission, sponsorship and others from PT Zurich
Zurich Asuransi Indonesia Tbk pada tahun 2023 Asuransi Indonesia Tbk in 2023 amounted to
sebesar Rp422.484 (2022: Rp327.589). Rp422,484 (2022: Rp327,589).
t. Premi asuransi terkait pembiayaan kepada PT Zurich t. Insurance premiums related to financing to PT Zurich
General Takaful Indonesia pada tahun 2023 sebesar General Takaful Indonesia in 2023 amounted to
Rp379.990 (2022: Rp280.542). Perseroan memperoleh Rp379,990 (2022: Rp280,542). The Company earned
komisi dari PT Zurich General Takaful Indonesia pada commission from PT Zurich General Takaful Indonesia
tahun 2023 sebesar Rp121.198 (2022: Rp88.658). in 2023 amounted to Rp121,198 (2022: Rp88,658).
37. MANAJEMEN RISIKO KEUANGAN 37. FINANCIAL RISK MANAGEMENT
Pendahuluan dan gambaran umum Introduction and overview
Perseroan memiliki eksposur terhadap risiko-risiko atas The Company has exposure to the following risks from
instrumen keuangan sebagai berikut: financial instruments:
• Risiko pasar • Market risk
• Risiko kredit • Credit risk
• Risiko likuiditas • Liquidity risk
• Risiko operasional • Operational risk
Kerangka manajemen risiko Risk management framework
Mengingat bahwa penerapan praktik manajemen risiko yang Considering that implementation of good risk management
baik dapat mendukung kinerja dari perusahaan practices could support the performance of a finance
pembiayaan, maka manajemen risiko selalu menjadi company, risk management would always be an important
elemen pendukung penting bagi Perseroan dalam supporting element for the Company in conducting its
menjalankan bisnisnya. Sasaran dan tujuan utama dari business. The target and main purpose of the
diterapkannya praktik manajemen risiko di Perseroan implementation of risk management practices in the
adalah untuk menjaga dan melindungi Perseroan melalui Company is to maintain and protect the Company through
pengelolaan risiko kerugian yang mungkin timbul dari managing the risk of losses which could arise from its
berbagai aktivitasnya serta menjaga tingkat risiko agar various activities as well as maintaining risk level in order to
sesuai dengan arahan yang ditetapkan oleh Perseroan. match with the direction established by the Company.
Nilai-nilai kepatuhan terhadap peraturan yang ada dan The values of compliance to the existing and prevailing
berlaku harus dibudayakan dan melekat pada semua regulations should be cultivated and embedded into all
karyawan Perseroan yang dipimpin oleh jajaran manajemen employees of the Company, led by the management of the
Perseroan. Infrastruktur risiko dibangun melalui tersedianya Company. Risk infrastructure is built through the availability
kebijakan dan proses yang tepat dan sesuai dengan kondisi of appropriate policies and processes which are in line with
terkini, pengembangan sistem dan database risiko yang current conditions, continuous development of systems and
berkelanjutan, serta teknik dan metodologi pengelolaan risk database, as well as modern management techniques
yang modern. Membangun proses dan kemampuan risiko and methodologies. Building strong and healthy processes
yang sehat dan kuat adalah sebuah pengkajian yang as well as risk capabilities is a continuous assessment on
berkesinambungan terhadap tujuan penanganan risiko serta objectives of risks handling as well as various activities
berbagai aktivitas yang menyangkut penanganan risiko, involving risks handling, such as identification,
seperti identifikasi, pengukuran, pemantauan dan measurement, monitoring and controlling risk.
pengendalian risiko.
* Tidak diaudit *Unaudited
105
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Fungsi manajemen risiko juga berkewajiban untuk menjaga Risk management function is also obliged to maintain the
arahan risiko yang dapat diterima dan disetujui oleh Dewan direction of risk that is acceptable and approved by the
Komisaris dan Direksi dengan tetap berpedoman dan Boards of Commissioners and Directors so that it would
mampu menyesuaikan diri dengan perkembangan usaha. remain guided and capable of adapting with business
Terkait dengan “Penerapan Manajemen Risiko secara development. Related to the "Implementation of
Konsolidasi bagi Bank yang Melakukan Pengendalian Consolidated Risk Management for Banks Performing
terhadap Perusahaan Anak”, dilaksanakan Perseroan Control on Subsidiary Companies", is implemented by the
dalam kapasitasnya sebagai Entitas Anak dari PT Bank Company in its capacity as the Subsidiary of PT Bank
Danamon Indonesia Tbk, pemegang saham pengendali Danamon Indonesia Tbk, the controlling shareholder of the
Perseroan. Aktivitas ini mengacu kepada Peraturan Otoritas Company. This activity refers to Financial Services Authority
Jasa Keuangan (POJK) No. 38/POJK.03/2017 tertanggal Regulation (POJK) No. 38/POJK.03/2017 dated 12 July
12 Juli 2017 dan No. 12/POJK.03/2019 tertanggal 04 April 2017 and No. 12/POJK.03/2019 dated 04 April 2019, in
2019, yang mana penerapan manajemen risiko Perseroan which the implementation of Company’s risk management is
merupakan pendekatan terpadu dan konsisten dalam an integrated and consistent approach in conducting review,
melakukan penelaahan, pengukuran, pemantauan dan measurement, monitoring and management of risks to the
pengelolaan risiko terhadap seluruh komponen kelompok entire components of the Company’s group. This matter has
Perseroan. Hal ini juga dipertegas oleh POJK No. already been emphasised by POJK No. 17/POJK.03/2014
17/POJK.03/2014 dan Surat Edaran Otoritas Jasa and Circular Letter fo Financial Services Authority (SEOJK)
Keuangan (SEOJK) No.14/SEOJK.03/2015 mengenai No.14/SEOJK.03/2015 regarding the implementation of
penerapan manajemen risiko terintegrasi bagi konglomerasi integrated risk management for financial conglomerates,
keuangan, serta POJK No. 45/POJK.03/2020 mengenai and POJK No. 45/POJK.03/2020 regarding financial
konglomerasi keuangan. Lebih lanjut, kemitraan antara conglomeration. Furthermore, the partnership between the
Perseroan dengan Perusahaan Induk merupakan hal yang Company and its Parent Company is an important matter,
sangat penting, mengingat keduanya menghadapi considering both companies face the same regional and
tantangan regional dan global yang sama dalam mengelola global challenges in managing rapid business growth and
pertumbuhan bisnis yang cepat dan dalam suasana intense competition atmosphere; however, at the same time
kompetisi yang ketat, namun pada saat yang bersamaan the Company must remain capable of conducting the
Perseroan harus tetap mampu menyelenggarakan praktik business practices, based upon and in reference to the
bisnis tersebut berdasarkan dan mengacu kepada prinsip prudence principle.
kehati-hatian.
Sebagai Perseroan yang bergerak di bidang pembiayaan, As a company engaged in financing activities, the
manajemen Perseroan memiliki komitmen penuh untuk Company’s management is fully committed to implement
menerapkan manajemen risiko secara komprehensif yang risk management comprehensively, which essentially
secara esensi mencakup kecukupan kebijakan, prosedur covers the adequacy of policies, procedures and risk
dan metodologi pengelolaan risiko sehingga kegiatan usaha management methodology; hence, the Company's business
Perseroan tetap dapat terarah dan terkendali pada batasan activities could remain directed and controlled at an
risiko yang dapat diterima, serta tetap menguntungkan acceptable risk limit, at the same time the Company can still
Perseroan. Direktorat Manajemen Risiko yang berperan be profitable. Risk Management Directorate is playing an
secara aktif dalam mengkoordinasikan tindakan-tindakan active role in coordinating preventive, proactive and
pencegahan, proaktif dan responsif dengan seluruh responsive actions with all employees from various levels
karyawan dari berbagai tingkatan yang ada di dalam within the Company in order to support the implementation
Perseroan untuk mendukung penerapan manajemen risiko of risk management, because all divisions of the Company
ini, karena semua bagian di dalam Perseroan masing- will play their respective important roles.
masing akan memainkan peranan penting.
* Tidak diaudit *Unaudited
106
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Dalam penerapan manajemen risiko, Perseroan menyadari In the implementation of risk management, the Company
pentingnya untuk memiliki sebuah mekanisme yang realises the importance of having an adequate mechanism
memadai dalam mengakomodasi risiko-risiko yang dihadapi to accommodate the risks faced by the Company. The
oleh Perseroan. Perseroan memiliki suatu mekanisme yang Company has a mechanism that is based upon 4 (four) risk
bertumpu pada 4 (empat) pilar manajemen risiko, yang management pillars,which could be described as follows:
dapat diuraikan sebagai berikut:
Pilar 1: Pengawasan Aktif Dewan Komisaris dan Direksi Pillar 1: Active Supervision by Boards of
Commissioners and Directors
Pengawasan aktif tersebut tercermin sejak perencanaan Active supervision is reflected since the planning of annual
bisnis tahunan, yang mencakup: business plan, which includes:
• Menyetujui dan melakukan evaluasi kebijakan • Approving and evaluating risk management policies on
manajemen risiko secara berkala; a regular basis;
• Melakukan evaluasi dan menyetujui aktivitas yang • Evaluating and approving activities that require
memerlukan persetujuan dari Dewan Komisaris atau approval from the Board of Commissioners or Board of
Direksi; Directors;
• Menetapkan kebijakan dan strategi manajemen risiko • Establishing risk management policies and strategies,
termasuk penetapan otoritas dalam pemberian batasan which include determining the authorisation in limits
serta tinjauan atas kualitas portofolio secara berkala; and reviewing the quality of portfolio on a regular basis;
• Terdapatnya Komite Audit dan Komite Pemantau Risiko • The presence of the Audit Committee and Risk
sebagai organ Dewan Komisaris dalam melaksanakan Monitoring Committee as an organ of the Board of
fungsi pengawasannya; dan Commissioners in carrying out their supervisory
functions; and
• Membentuk komite yang terkait dengan penerapan • Establishing committees in relation to the
manajemen risiko, yaitu Komite Manajemen Risiko. implementation of risk management, i.e. the Risk
Management Committee.
Kerangka konsolidasi manajemen risiko dengan The consolidated risk management framework with Parent
Perusahaan Induk dibentuk dengan menempatkan wakil Company is established through placing representatives
dari Perusahaan Induk dalam jajaran Dewan Komisaris from Parent Company in the Board of Commissioners. The
Perseroan. Kerangka tersebut juga dilaksanakan melalui framework is also implemented through regular
pemeriksaan kinerja secara berkala oleh Perusahaan Induk performance assessment by the Parent Company on the
terhadap Perseroan, menyangkut kinerja keuangan, Company, concerning the financial performance, monitoring
pengawasan sistem informasi akuntansi, serta tingkat on accounting information system, as well as the level of
kesehatan dan profil risiko dari piutang pembiayaan. soundness and risk profile of the Company’s financing
receivables.
Pilar 2: Kecukupan Kebijakan dan Prosedur Manajemen Pillar 2: Risk Management Policy and Procedures, and
Risiko serta Penetapan Limit Manajemen Risiko Limit Setup
Perseroan menyusun kebijakan-kebijakan terkait The Company develops policies related to risk
manajemen risiko yang diperiksa secara berkala dan selalu management, which are assessed periodically and aligned
disesuaikan dengan keadaan usaha terkini. Kebijakan constantly to fit the most recent business situation. The
tersebut diterjemahkan ke dalam Prosedur Operasi Standar policy is translated into Standard Operating Procedures and
dan Memo Internal yang disosialisasikan kepada seluruh Internal Memo, which are being socialised to all employees.
karyawan. Perseroan juga memiliki kebijakan-kebijakan The Company also has policies regarding limitation on
mengenai batasan persetujuan/otorisasi untuk transaksi approval/authorisation for both credit and non-credit
kredit maupun yang bukan transaksi kredit. transactions.
Kerangka konsolidasi manajemen risiko dengan The consolidated risk management framework with Parent
Perusahaan Induk terselenggara mengingat Perseroan Company is established as the Company obtains approval
mendapatkan persetujuan dari Perusahaan Induk untuk from Parent Company for proposal of new limits and for new
pengajuan batasan baru maupun atas program kredit untuk product credit programs (if any). The Company’s policy in
produk baru (jika ada). Kebijakan cadangan kerugian relation with allowance for impairment losses on receivables
penurunan nilai piutang Perseroan juga mengikuti kebijakan should also follow the Parent Company's policy, which is in
penyisihan pada Perusahaan Induk yang sejalan dan patuh line and in compliance with Indonesian Financial Accounting
terhadap Standar Akuntansi Keuangan di Indonesia. Standards.
* Tidak diaudit *Unaudited
107
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 618
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Dalam penerapan manajemen risiko, Perseroan menyadari In the implementation of risk management, the Company
pentingnya untuk memiliki sebuah mekanisme yang realises the importance of having an adequate mechanism
memadai dalam mengakomodasi risiko-risiko yang dihadapi to accommodate the risks faced by the Company. The
oleh Perseroan. Perseroan memiliki suatu mekanisme yang Company has a mechanism that is based upon 4 (four) risk
bertumpu pada 4 (empat) pilar manajemen risiko, yang management pillars,which could be described as follows:
dapat diuraikan sebagai berikut: (lanjutan) (continued)
Pilar 3: Kecukupan Proses Identifikasi, Pengukuran, Pillar 3: Risk Identification, Measurement, Control and
Pengendalian dan Pemantauan Risiko, serta Sistem Monitoring, and Risk Management Information System
Informasi Manajemen Risiko
Perseroan memiliki perangkat untuk mengidentifikasi, The Company has a set of tools to identify, measure and
mengukur dan mengawasi risiko terutama risiko kredit dan monitor risks, especially credit risk and operational risk
risiko operasional melalui mekanisme pelaporan dan sistem through the existing reporting and management information
informasi manajemen yang ada serta melalui pertemuan system mechanism, as well as through the regular
berkala Komite Audit dan Komite Pemantau Risiko meetings of the Company’s Audit and Risk Monitoring
Perseroan. Selain itu, sistem teknologi informasi utama Committee. In addition, the Company’s major information
Perseroan mampu menyediakan data/informasi secara technology system is capable of providing data/information
cepat dan akurat kepada pihak Manajemen, Perusahaan instantly and accurately for the Management, Parent
Induk atau pihak ketiga yang terkait lainnya. Company or other related third parties.
Kerangka konsolidasi manajemen risiko dengan The consolidated risk management framework with Parent
Perusahaan Induk terlaksana melalui penyampaian paparan Company is conducted through the reporting of the
risiko Perseroan yang ada secara berkala kepada Komite Company's risk exposure periodically to the Parent
Manajemen Risiko Perusahaan Induk, termasuk Company’s Risk Management Committee, including the
penyampaian laporan berkala terkait aspek kepatuhan, periodic reporting in relation to the compliance, legal and
hukum dan lainnya kepada Perusahaan Induk. other aspects to the Parent Company.
Pilar 4: Sistem Pengendalian Internal yang Menyeluruh Pillar 4: Comprehensive Internal Control System
Perseroan memiliki Divisi Audit Internal yang secara The Company has an Internal Audit Division which
independen melaporkan proses dan hasil pemeriksaannya independently reports on the process and results of
kepada Dewan Komisaris dan Direktur Utama. Akuntabilitas assessment to the Board of Commissioners and President
dari Divisi Audit Internal mencakup: Director. The accountability of the Internal Audit Division
includes:
• Menyediakan penilaian atas kecukupan dan efektivitas • Providing assessment on the adequacy and
dari semua proses yang ada di dalam Perseroan; effectiveness of all existing processes within the
Company;
• Melaporkan masalah-masalah penting yang terkait • Reporting on important issues related to the control
dengan proses pengendalian aktivitas-aktivitas di dalam process of activities within the Company, including
Perseroan, termasuk perbaikan yang potensial terhadap potential improvements to these processes; and
proses-proses tersebut; dan
• Koordinasi dengan fungsi pengendali dan pengawasan • Coordinating with other controlling and supervisory
lainnya (manajemen risiko, kepatuhan, hukum dan audit functions (risk management, compliance, legal and
eksternal). external audit).
Kerangka konsolidasi manajemen risiko dengan The consolidated risk management framework with Parent
Perusahaan Induk juga dicerminkan dengan Company is also reflected in the implementation of regular
dilaksanakannya audit reguler/audit Teknologi audit/Information Technology audit/integrated audit on the
Informasi/audit terintegrasi atas unit-unit di Perseroan oleh business units in the Company by Parent Company’s
Satuan Kerja Audit Internal (SKAI) Perusahaan Induk. Internal Audit Unit (SKAI).
Risiko pasar Market risk
Risiko pasar merupakan risiko yang terutama disebabkan Market risk is the risk which is primarily caused by the
karena perubahan tingkat suku bunga dan nilai tukar mata changes in interest rates and exchange rate of Rupiah
uang Rupiah, yang dapat membawa risiko bagi Perseroan. currency, which could bring exposure to the Company. In
Dalam perencanaan usaha Perseroan, risiko pasar yang the Company's business planning, market risk with direct
memiliki dampak langsung kepada Perseroan adalah dalam impact to the Company is in terms of interest rates
hal pengelolaan tingkat bunga. management.
* Tidak diaudit *Unaudited
108
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 619
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Perubahan tingkat bunga acuan akan menjadi risiko pada Changes in interest rates would become a risk at the point
saat perubahannya, terutama ketika tingkat bunga of change, especially when the interest rate is raised, which
dinaikkan, yang menyebabkan kerugian bagi Perseroan. would cause losses to the Company. Therefore, the
Untuk itu, Perseroan menerapkan pengelolaan tingkat Company consistently implements fixed interest rate
bunga tetap secara konsisten dengan menyesuaikan tingkat management by doing adjustment on lending interest rate
bunga kredit terhadap tingkat bunga pinjaman dan beban and cost of funds.
dana.
Sumber pendanaan Perseroan berasal dari skema Source of funding for the Company is from joint financing
pembiayaan bersama dengan PT Bank Danamon Indonesia scheme with PT Bank Danamon Indonesia Tbk, as well as
Tbk, pinjaman dalam negeri serta pinjaman dari luar negeri. from on-shore and off-shore loans.
Salah satu sumber pendanaan Perseroan berasal dari One of the Company’s sources of funding is from joint
skema pembiayaan bersama dengan PT Bank Danamon financing scheme with PT Bank Danamon Indonesia Tbk,
Indonesia Tbk, dengan tingkat bunga tetap dan jangka with fixed interest rate and matching period with the
waktu yang sama dengan piutang pembiayaan konsumen consumer financing receivable and murabahah financing
dan piutang pembiayaan murabahah. receivable.
Pinjaman dalam negeri sebagian besar dilakukan dalam Most of on-shore loans are in the form of bonds and
bentuk obligasi dan sukuk mudharabah dengan tingkat suku mudharabah bonds with fixed interest rate/revenue sharing.
bunga/bagi hasil yang tetap. Di samping itu, Perseroan juga In addition, the Company also acquires direct loans from
mendapat pinjaman secara langsung dari bank dalam domestic banks.
negeri.
Perseroan memiliki pinjaman luar negeri dalam mata uang The Company has off-shore loans in foreign currency and
asing, dalam hal ini Perseroan sudah melakukan antisipasi the Company has already anticipated the currency risk by
terhadap risiko nilai tukar, dengan telah menetapkan implementing hedging policy for loans in foreign currency.
kebijakan lindung nilai untuk pinjaman yang diterima dalam
mata uang asing.
Pada tanggal 31 Desember 2023, Perseroan memiliki As of 31 December 2023, the Company has financial
liabilitas keuangan dalam mata uang asing berupa pinjaman liabilities denominated in foreign currency for borrowings
yang diterima sebesar JPY2.160.000.000 (2022: amounting to JPY2,160,000,000 (2022: USD50,416,667)
USD50.416.667) (nilai penuh) atau setara dengan (full amount) or equivalent to Rp235,181 (2022:
Rp235.181 (2022: Rp784.861) yang telah dilindung nilai Rp784,861) which was hedged by derivative instruments
melalui instrumen derivatif seperti kontrak cross currency such as cross currency swap contracts (see Notes 10, 16
swap (lihat Catatan 10, 16 dan 40).
and 40).
Dengan pola aktivitas usaha yang dijalankan Perseroan With the pattern of business activity currently operated by
saat ini, risiko pasar Perseroan adalah minimal. Perseroan the Company, the market risk of the Company is minimal.
tidak mempunyai kegiatan usaha pembiayaan konsumen The Company does not have consumer financing
dalam mata uang asing. transaction in foreign currency.
* Tidak diaudit *Unaudited
109
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 620
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Tabel berikut menggambarkan rincian aset dan liabilitas The following table summarises the Company’s financial
keuangan Perseroan yang terdampak perubahan tingkat assets and liabilities that are affected by changes in interest
suku bunga dan dikelompokkan menurut mana yang lebih rates and categorised by the earlier of repricing or
awal antara tanggal repricing atau tanggal jatuh tempo installment due dates to see the impact of changes in
angsuran untuk melihat dampak perubahan tingkat suku interest rates:
bunga:
2023 -
Tingkat bunga mengambang/ Tingkat bunga tetap/
Floating rate - Fixed rate -
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months - months - months - months - years - years - Total -
Aset keuangan Financial assets
Kas di bank 1.307.116 - - - - - 1.307.116 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - neto - - 2.985.036 6.724.899 6.209.351 4.761.343 20.680.629 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - neto - - 684.646 1.600.292 1.663.135 1.571.989 5.520.062 receivables - net
Piutang sewa Finance leases
pembiayaan - neto - - 232.316 551.838 435.946 224.200 1.444.300 receivables - net
1.307.116 - 3.901.998 8.877.029 8.308.432 6.557.532 28.952.107
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - - 1.929.182 3.575.808 2.957.164 850.818 9.312.972 Borrowings
Sukuk mudharabah - - 32.000 395.170 49.000 382.830 859.000 Mudharabah bonds
Utang obligasi - - 327.985 2.774.395 828.845 1.953.881 5.885.106 Bonds payable
- - 2.289.167 6.745.373 3.835.009 3.187.529 16.057.078
1.307.116
- -- 1.612.831
- 2.131.656
- 4.473.423
- 3.370.003
- 12.895.029
-
2022 -
Tingkat bunga mengambang/ Tingkat bunga tetap/
Floating rate - Fixed rate 1
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months - months - months - months - years - years - Total -
Aset keuangan Financial assets
Kas di bank 1.175.334 - - - - - 1.175.334 Cash in banks
Piutang pembiayaan Consumer financing
konsumen - neto - - 2.536.298 5.697.415 5.027.312 3.943.696 17.204.721 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - neto - - 494.172 1.135.780 1.210.903 1.192.502 4.033.357 receivables - net
Piutang sewa Finance leases
pembiayaan - neto - - 119.895 301.682 339.429 156.999 918.005 receivables - net
1.175.334 - 3.150.365 7.134.877 6.577.644 5.293.197 23.331.417
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 389.187 395.674 1.224.542 1.852.751 886.663 324.267 5.073.084 Borrowings
Sukuk mudharabah - - 182.000 - 112.000 147.000 441.000 Mudharabah bonds
Utang obligasi - - 781.479 1.275.898 1.864.577 1.077.253 4.999.207 Bonds payable
389.187 395.674 2.188.021 3.128.649 2.863.240 1.548.520 10.513.291
Dampak dari derivatif
untuk tujuan manajemen Effect of derivative held
risiko (389.187) (395.674) 389.187 395.674 - - - for risk management
1.175.334
- -- 573.157
- 3.610.554
- 3.714.404
- 3.744.677
- 12.818.126
-
* Tidak diaudit *Unaudited
110
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 621
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko pasar (lanjutan) Market risk (continued)
Analisis sensitivitas Sensitivity analysis
Manajemen risiko tingkat suku bunga terhadap limit The management of interest rate risk against interest rate
perubahan tingkat suku bunga dilengkapi dengan gap limits is supplemented by monitoring the sensitivity of
pemantauan atas sensitivitas aset dan liabilitas keuangan the Company’s financial assets and liabilities to various
Perseroan terhadap beberapa skenario suku bunga baku standard and non-standard interest rate scenarios.
maupun non-baku. Skenario baku yang dilakukan setiap Standard scenarios that are considered on a monthly basis
bulan mencakup analisis kenaikan atau penurunan kurva include a 100 basis point (bp) parallel rise or fall in all yield
imbal hasil sebesar 100 basis poin (bp). curves.
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to
perubahan tingkat suku bunga pasar, dengan variabel lain a reasonably possible change in market interest rates, with
dianggap konstan, terhadap pendapatan pembiayaan neto: all other variables held constant, of the net financing
income:
2023 - 2022 -
Kenaikan suku bunga dalam 100 basis poin 260.157 211.627 Increase in interest rate in 100 basis point
Penurunan suku bunga dalam 100 basis poin (260.157) (211.627) Decrease in interest rate in 100 basis point
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to
perubahan tingkat suku bunga pasar, dengan variabel lain a reasonably possible change in market interest rates, with
dianggap konstan, terhadap beban bunga dan keuangan: all other variables held constant, of the interest expense
and financing charges:
2023 - 2022 -
Kenaikan suku bunga dalam 100 basis poin 142.149 89.733 Increase in interest rate in 100 basis point
Penurunan suku bunga dalam 100 basis poin (142.149) (89.733) Decrease in interest rate in 100 basis point
Risiko kredit Credit risk
Risiko kredit merupakan risiko utama karena Perseroan Credit risk is a major risk because the Company is engaged
bergerak dalam bidang pembiayaan konsumen, dimana in the consumer financing activity, in which the Company
Perseroan menawarkan kredit kepada masyarakat yang offers credit to public who would like to own motor vehicle,
hendak memiliki kendaraan bermotor, barang durable, durable goods, and heavy equipment. Directly, the Company
maupun alat berat. Secara langsung, Perseroan faces risks when consumers are not able to fulfill their
menghadapi risiko seandainya konsumen tidak mampu obligations in paying off loans already agreed upon in the
memenuhi kewajibannya dalam melunasi kredit sesuai contract between consumers and the Company.
dengan perjanjian yang telah disepakati antara konsumen
dengan Perseroan.
Perseroan secara berkala melakukan identifikasi dan The Company periodically performs the identification and
pengukuran risiko kredit berdasarkan indikator-indikator risk measurement of credit risk based on the indicators
yang relevan terhadap Perseroan serta selalu relevant to the Company and continuously develops
mengembangkan indikator pengukuran risiko kredit indicators of measuring credit risk to ensure that credit risk
sehingga risiko kredit dapat terukur lebih tajam dan akurat. can be measured in a more sharp and accurate manner.
Perseroan juga senantiasa memantau penerapan kebijakan The Company monitors the implementation of credit policies
kredit yang berlaku dan melakukan perubahan-perubahan and performs adjustments as needed, in accordance with
yang diperlukan, sesuai dengan kondisi yang sekarang dan current and future conditions to be faced by the Company.
akan dihadapi oleh Perseroan. Perseroan telah memiliki The Company has a policy in encountering credit risk,
kebijakan dalam menghadapi risiko kredit, yakni dimulai dari namely starting from the initial receipt of credit application
proses awal penerimaan aplikasi kredit yang selektif dan which is handled with prudent principles, then going through
ditangani dengan prinsip kehati-hatian, yang mana aplikasi survey and credit analysis processes by the Credit
kredit akan melalui proses survei dan analisa kredit oleh Committee.
Komite Kredit.
* Tidak diaudit *Unaudited
111
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 622
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Perseroan juga menerapkan Pedoman Penerapan Prinsip The Company also implements the Manual for
Mengenal Nasabah yang diatur oleh POJK Implementation of Know Your Customer Principles as
No. 8 tahun 2023 tentang Penerapan Program Anti regulated in POJK No. 8 year 2023 about Implementation of
Pencucian Uang, Pencegahan Pendanaan Terorisme dan Anti Money Laundering, Counter Terrorism Financing
Pencegahan Pendanaan Proliferasi Senjata Pemusnah Program and Counter-Proliferation Financing of Weapons
Massal di Sektor Jasa Keuangan dan SEOJK No. of Mass Destruction in Financial Services Sector, and
37/SEOJK.05/2017 tentang Pedoman Penerapan Program SEOJK No. 37/SEOJK.05/2017 about Guidelines for
Anti Pencucian Uang Dan Pencegahan Pendanaan Implementation of Anti Money Laundering and Counter
Terorisme Di Sektor Industri Keuangan Non Bank. Terrorism Financing Program in the Non Bank Financial
Industry Sector.
Untuk setiap kategori aset keuangan, Perseroan harus For each financial asset category, the Company should
mengungkapkan eksposur maksimum terhadap risiko kredit disclose maximum exposure to credit risk and concentration
dan analisa konsentrasi risiko kredit. of credit risk analysis.
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk
Eksposur Perseroan terhadap risiko kredit terutama The Company’s exposure to credit risk mainly comes
berasal dari piutang pembiayaan konsumen, piutang from the consumer financing receivables, murabahah
pembiayaan murabahah dan piutang sewa pembiayaan, financing receivables and finance lease receivables, of
dimana eksposur maksimum terhadap risiko kredit sama which the maximum exposure to credit risk equals to
dengan nilai tercatat. the carrying amounts.
ii. Analisis konsentrasi risiko kredit ii. Concentration of credit risk analysis
Konsentrasi risiko kredit timbul ketika sejumlah Concentrations of credit risk arise when a number of
konsumen bergerak dalam aktivitas usaha yang sama consumers are engaged in similar business activities or
atau melakukan aktivitas dalam wilayah geografis yang activities within the same geographic region, or when
sama, atau ketika mereka memiliki karakteristik yang they have similar characteristics that would cause their
sejenis yang akan menyebabkan kemampuan untuk ability to meet contractual obligations to be similarly
memenuhi kewajiban kontraktualnya sama-sama affected by changes in economic or other conditions.
dipengaruhi oleh perubahan kondisi ekonomi atau yang
lainnya.
Perseroan bergerak di bidang usaha pembiayaan The Company is currently engaged in consumer
konsumen yang pelanggannya kebanyakan adalah financing business which the consumers are mainly
individu dan tidak terkonsentrasi pada wilayah geografis individuals and they are not concentrated in any
tertentu. specific geographic region.
Tabel berikut menggambarkan jumlah risiko kredit dan The following table sets out the total credit risk and risk
konsentrasi risiko atas piutang pembiayaan konsumen, concentration of consumer financing receivables,
piutang pembiayaan murabahah dan piutang sewa murabahah financing receivables and finance lease
pembiayaan yang dimiliki Perseroan: receivables of the Company:
2023 - 2022 -
Piutang pembiayaan konsumen - neto Consumer financing receivables - net
Korporasi 893.692 764.901 Corporate
Ritel 19.786.937 16.439.820 Retail
20.680.629
- 17.204.721
-
Piutang pembiayaan murabahah - neto Murabahah financing receivables - net
Korporasi 160.682 82.933 Corporate
Ritel 5.359.380 3.950.424 Retail
5.520.062
- 4.033.357
-
Piutang sewa pembiayaan - neto Finance leases receivables - net
Korporasi 995.267 730.061 Corporate
Ritel 449.033 187.944 Retail
1.444.300
- 918.005
-
* Tidak diaudit *Unaudited
112
618
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 623
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel di bawah ini menyajikan aset keuangan pada tanggal The following table presents the financial assets as of
31 Desember 2023 dan 2022 berdasarkan staging dan 31 December 2023 and 2022 based on staging and risk
tingkat risiko: rate:
2023 -
Tahap 1/ Tahap 2/ Tahap 3/ Non-graded/ Jumlah/
Stage 1- Stage 2- Stage 3- Non-graded
- Total -
Kas di bank Cash in banks
Grade 1-22: Risiko yang dapat
diterima 1.307.116 - - - 1.307.116 Grade 1-22: Acceptable risk
Piutang pembiayaan konsumen Consumer financing receivables
Grade 1-22: Risiko yang dapat
diterima 17.613.797 21.809 - - 17.635.606 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 3.193.104 633.039 - - 3.826.143 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 489.470 - 489.470 financing
20.806.901 654.848 489.470 - 21.951.219
Cadangan kerugian penurunan nilai (817.839) (154.022) (298.729) - (1.270.590) Allowance of impairment loss
Nilai tercatat - bersih 19.989.062 500.826 190.741 - 20.680.629 Carrying amount - net
Piutang sewa pembiayaan Finance leases receivables
Konvensional Conventional
Grade 1-22: Risiko yang dapat
diterima 969.195 144 - - 969.339 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 264.844 25.039 - - 289.883 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 4.141 - 4.141 financing
financing
1.234.039 25.183 4.141 - 1.263.363
Cadangan kerugian penurunan nilai (43.915) (4.641) (1.931) - (50.487) Allowance of impairment loss
1.190.124 20.542 2.210 - 1.212.876
Syariah - - - 231.424 231.424 Sharia
Nilai tercatat - bersih 1.190.124 20.542 2.210 231.424 1.444.300 Carrying amount - net
Aset derivatif Derivative assets
Grade 1-22: Risiko yang dapat
diterima 1.006 - - - 1.006 Grade 1-22: Acceptable risk
Aset keuangan tanpa peringkat: Non-graded financial assets:
Piutang klaim asuransi - - - 15.018 15.018 Insurance claim receivables
Piutang komisi asuransi - - - 60.815 60.815 Insurance commission receivables
Piutang karyawan - - - 103.253 103.253 Employee receivables
Investasi dalam saham - - - 386.360 386.360 Investment in shares
22.487.308
- 521.368
- 192.951
- 796.870
- 23.998.497
-
* Tidak diaudit *Unaudited
113
619
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 624
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel di bawah ini menyajikan aset keuangan pada tanggal The following table presents the financial assets as of
31 Desember 2023 dan 2022 berdasarkan staging dan 31 December 2023 and 2022 based on staging and risk
tingkat risiko: (lanjutan) rate: (continued)
2022 -
Tahap 1/ Tahap 2/ Tahap 3/ Non-graded/ Jumlah/
Stage 1- Stage 2- Stage 3- Non-graded
- Total -
Kas di bank Cash in banks
Grade 1-22: Risiko yang dapat
diterima 1.175.334 - - - 1.175.334 Grade 1-22: Acceptable risk
Piutang pembiayaan konsumen Consumer financing receivables
Grade 1-22: Risiko yang dapat
diterima 14.844.734 8.904 - - 14.853.638 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 3.013.752 278.354 - - 3.292.106 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 311.435 - 311.435 financing
financing
17.858.486 287.258 311.435 - 18.457.179
Cadangan kerugian penurunan nilai (887.675) (82.635) (282.148) - (1.252.458) Allowance of impairment loss
Nilai tercatat - bersih 16.970.811 204.623 29.287 - 17.204.721 Carrying amount - net
Piutang sewa pembiayaan Finance leases receivables
Konvensional Conventional
Grade 1-22: Risiko yang dapat
diterima 790.514 1.084 - - 791.598 Grade 1-22: Acceptable risk
Grade 23-25: Risiko tinggi 90.739 1.825 - - 92.564 Grade 23-25: High risk
Grade 26-28: Pembiayaan Grade 26-28: Non-performing
bermasalah - - 430 - 430 financing
financing
881.253 2.909 430 - 884.592
Cadangan kerugian penurunan nilai (44.365) (462) (430) - (45.257) Allowance of impairment loss
836.888 2.447 - - 839.335
Syariah - - - 78.670 78.670 Sharia
Nilai tercatat - bersih 836.888 2.447 - 78.670 918.005 Carrying amount - net
Aset derivatif Derivative assets
Grade 1-22: Risiko yang dapat
diterima 40.884 - - - 40.884 Grade 1-22: Acceptable risk
Aset keuangan tanpa peringkat: Non-graded financial assets:
Piutang klaim asuransi - - - 18.064 18.064 Insurance claim receivables
Piutang komisi asuransi - - - 61.152 61.152 Insurance commission receivables
Piutang karyawan - - - 79.539 79.539 Employee receivables
Investasi dalam saham - - - 650 650 Investment in shares
19.023.917
- 207.070
- 29.287
- 238.075
- 19.498.349
-
* Tidak diaudit *Unaudited
114
620
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 625
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Pada tanggal 31 Desember 2023 dan 2022, rincian kualitas As of 31 December 2023 and 2022, the quality of
piutang pembiayaan murabahah berdasarkan evaluasi murabahah financing receivable based on impairment
penurunan nilai PSAK 55 sebagai berikut: assessment under SFAS 55 as follows:
2023 -
Belum jatuh Jatuh tempo
tempo dan tidak tetapi tidak
mengalami mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past due but penurunan nilai/ Jumlah/
nor impaired - non-impaired - Impaired - Total -
Piutang pembiayaan murabahah Murabahah financing receivables
Motor baru 1.987.496 472.602 49.522 2.509.620 New motorcycles
Motor bekas 129.504 44.586 5.523 179.613 Used motorcycles
Mobil baru 1.967.501 322.518 20.434 2.310.453 New cars
Mobil bekas 553.369 165.616 10.529 729.514 Used cars
Lainnya 64.272 15.589 3.109 82.970 Others
4.702.142 1.020.911 89.117 5.812.170
Cadangan kerugian penurunan nilai (225.847) (55.600) (10.661) (292.108) Allowance for impairment losses
4.702.142
1 1.020.911 89.117
1 5.520.062
-
2022 -
Belum jatuh Jatuh tempo
tempo dan tidak tetapi tidak
mengalami mengalami
penurunan nilai/ penurunan nilai/ Mengalami
Neither past due Past due but penurunan nilai/ Jumlah/
nor impaired - non-impaired - Impaired - Total -
Piutang pembiayaan murabahah Murabahah financing receivables
Motor baru 1.346.489 269.743 26.496 1.642.728 New motorcycles
Motor bekas 119.726 30.269 2.146 152.141 Used motorcycles
Mobil baru 1.369.308 259.223 14.393 1.642.924 New cars
Mobil bekas 546.133 144.767 4.906 695.806 Used cars
Lainnya 68.352 16.655 2.611 87.618 Others
3.450.008 720.657 50.552 4.221.217
Cadangan kerugian penurunan nilai (147.517) (34.271) (6.072) (187.860) Allowance for impairment losses
3.450.008
1 720.657
1 50.552
1 4.033.357
-
Sebagai jaminan atas piutang pembiayaan yang diberikan As collateral to the financing receivables of motor vehicles,
untuk kendaraan bermotor, Perseroan menerima jaminan the Company receives the Certificates of Ownership
dari konsumen berupa Bukti Pemilikan Kendaraan Bermotor (“BPKB”) of the motor vehicles financed by the Company.
(“BPKB”) atas kendaraan bermotor yang dibiayai Perseroan.
* Tidak diaudit *Unaudited
115
621
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 626
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Analisa umur piutang pembiayaan konsumen dan piutang An aging analysis of consumer financing receivables and
sewa pembiayaan yang telah jatuh tempo pada tahap 1 dan finance leases receivables that are past due on stage 1 and
2 pada tanggal 31 Desember 2023 dan 2022 sebagai 2 as of 31 December 2023 and 2022 are set out below:
berikut:
2023
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Consumer financing
konsumen receivables
1-30 hari 1.308.256 244.248 1.100.172 520.628 682.840 3.856.144 1-30 days
30-60 hari 93.074 18.226 49.879 28.570 40.898 230.647 30-60 days
61-90 hari 76.838 15.001 56.321 21.708 26.747 196.615 61-90 days
1.478.168
1 277.475
1 1.206.372
1 570.906
1 750.485
1 4.283.406
1
Piutang sewa Finance lease
pembiayaan (konvensional) receivables (conventional)
1-30 hari 81 - 28.506 2.749 62.694 94.030 1-30 days
30-60 hari 52 - 14.392 60 1.237 15.741 30-60 days
61-90 hari - - 3.058 274 1.389 4.721 61-90 days
133
- - - 45.956
- 3.083
- 65.320
- 114.492
-
2022
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Consumer financing
konsumen receivables
1-30 hari 839.034 179.986 1.008.597 485.335 465.529 2.978.481 1-30 days
30-60 hari 57.497 13.068 39.240 25.683 28.325 163.813 30-60 days
61-90 hari 43.302 8.367 27.609 18.066 16.152 113.496 61-90 days
939.833
- 201.421
- 1.075.446
- 529.084
- 510.006
- 3.255.790
-
Piutang sewa Finance lease
pembiayaan (konvensional) receivables (conventional)
1-30 hari 186 - 36.393 12.135 14.739 63.453 1-30 days
30-60 hari - - 348 64 480 892 30-60 days
61-90 hari - - 46 15 243 304 61-90 days
186
- - - 36.787
- 12.214
- 15.462
- 64.649
-
* Tidak diaudit *Unaudited
116
622
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 627
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Analisa umur piutang pembiayaan murabahah yang telah An aging analysis of murabahah financing receivables that
jatuh tempo tetapi tidak mengalami penurunan nilai pada are past due but not impaired of 31 December 2023 and
tanggal 31 Desember 2023 dan 2022 adalah sebagai 2022 are set out below:
berikut:
2023
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
1-30 hari 418.820 38.725 293.976 153.480 12.524 917.525 1-30 days
30-60 hari 29.502 3.248 15.707 6.818 1.632 56.907 30-60 days
61-90 hari 24.280 2.613 12.835 5.318 1.433 46.479 61-90 days
472.602
- 44.586
- 322.518
- 165.616
- 15.589
- 1.020.911
-
2022
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
1-30 hari 240.303 27.031 239.045 136.317 14.232 656.928 1-30 days
30-60 hari 16.551 1.957 12.088 4.250 1.324 36.170 30-60 days
61-90 hari 12.889 1.281 8.090 4.200 1.099 27.559 61-90 days
269.743
- 30.269
- 259.223
- 144.767
- 16.655
- 720.657
-
Tabel berikut menunjukkan perubahan nilai tercatat bruto The following tables show movement of the gross carrying
piutang pembiayaan konsumen dan piutang sewa amount of consumer financing receivables and finance
pembiayaan sebelum dikurangi cadangan kerugian lease receivables before deducted allowance for
peurunan nilai selama tahun berjalan dan tahun impairment losses during the year and prior year:
sebelumnya:
2023 -
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 - Stage 2 - Stage 3 - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 17.858.486 287.258 311.435 18.457.179 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 1.088.472 (976.459) (112.013) - -Transfer to Stage 1
- Pindah ke tahap 2 (2.859.914) 2.953.268 (93.354) - -Transfer to Stage 2
- Pindah ke tahap 3 (589.977) (1.592.508) 2.182.485 - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (11.492.161) 216 (704.886) (12.196.831) and accured interest
Aset keuangan yang baru diperoleh 16.887.925 - - 16.887.925 New financial assets originated
Penghapusan (85.930) (16.927) (1.094.197) (1.197.054) Write-offs
Saldo akhir 20.806.901
- 654.848
- 489.470
- 21.951.219
- Ending Balance
* Tidak diaudit *Unaudited
117
623
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 628
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan nilai tercatat bruto The following tables show movement of the gross carrying
piutang pembiayaan konsumen dan piutang sewa amount of consumer financing receivables and finance
pembiayaan sebelum dikurangi cadangan kerugian lease receivables before deducted allowance for
peurunan nilai selama tahun berjalan dan tahun impairment losses during the year and prior year:
sebelumnya: (lanjutan) (continued)
2023 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1- Stage 2- Stage 3- Sharia - Total -
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 881.253 2.909 430 80.861 965.453 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 24.740 (22.938) (1.802) - - -Transfer to Stage 1
- Pindah ke tahap 2 (58.371) 63.948 (5.577) - - -Transfer to Stage 2
- Pindah ke tahap 3 (1.954) (17.191) 19.145 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (522.330) (1.499) (4.843) - (528.672) and accured interest
Aset keuangan yang baru diperoleh 911.354 - - - 911.354 New financial assets originated
Penghapusan (653) (46) (3.212) - (3.911) Write-offs
Syariah - - - 160.846 160.846 Sharia
Saldo akhir 1.234.039 25.183 4.141 241.707 1.505.070 Ending Balance
- - - - -
2022 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1- Stage 2- Stage 3- Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 17.183.953 500.644 441.167 - 18.125.764 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 1.334.584 (1.229.840) (104.744) - - -Transfer to Stage 1
- Pindah ke tahap 2 (2.473.432) 2.588.047 (114.615) - - -Transfer to Stage 2
- Pindah ke tahap 3 (271.256) (1.282.067) 1.553.323 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (10.994.441) (281.957) (542.226) - (11.818.624) and accured interest
Aset keuangan yang baru diperoleh 13.107.255 - - - 13.107.255 New financial assets originated
Penghapusan (28.177) (7.569) (921.470) - (957.216) Write-offs
Saldo akhir 17.858.486
- 287.258
- 311.435
- - - 18.457.179
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 260.887 29.715 1.718 - 292.320 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 17.058 (15.831) (1.227) - - -Transfer to Stage 1
- Pindah ke tahap 2 (23.945) 24.538 (593) - - -Transfer to Stage 2
- Pindah ke tahap 3 (590) (20.627) 21.217 - - -Transfer to Stage 3
Aset keuangan yang telah dilunasi, Financial assets that have been repaid,
perubahan pada biaya transaksi changes in transaction cost
dan piutang bunga pembiayaan (244.416) (14.886) (18.880) - (278.182) and accured interest
Aset keuangan yang baru diperoleh 872.309 - - - 872.309 New financial assets originated
Penghapusan (50) - (1.805) - (1.855) Write-offs
Syariah - - - 80.861 80.861 Sharia
Saldo akhir 881.253
- 2.909
- 430
- 80.861
- 965.453
- Ending Balance
* Tidak diaudit *Unaudited
118
624
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 629
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang pembiayaan konsumen dan piutang impairment losses of consumer financing receivables and
sewa pembiayaan selama tahun berjalan dan tahun finance lease receivables during the year and prior year:
sebelumnya:
2023 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1- Stage 2- Stage 3- Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 887.675 82.635 282.148 - 1.252.458 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 311.272 (237.721) (73.551) - - -Transfer to Stage 1
- Pindah ke tahap 2 (393.114) 458.938 (65.824) - - -Transfer to Stage 2
- Pindah ke tahap 3 (86.388) (473.392) 559.780 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (82.832) (37.843) (65.210) - (185.885) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (502.976) 390.988 758.019 - 646.031 allowance
Perubahan parameter atau model (95.427) (12.656) (2.436) - (110.519) Change in model or parameters
Aset keuangan yang baru diperoleh 865.559 - - - 865.559 New financial assets originated
Penghapusan (85.930) (16.927) (1.094.197) - (1.197.054) Write-offs
Saldo akhir 817.839
- 154.022
- 298.729
- - - 1.270.590
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 44.365 462 430 2.191 47.448 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 5.968 (4.690) (1.278) - - -Transfer to Stage 1
- Pindah ke tahap 2 (4.140) 9.278 (5.138) - - -Transfer to Stage 2
- Pindah ke tahap 3 (280) (3.386) 3.666 - - -Transfer to Stage 3
Aset keuangan yang (2.007) (611) (2.998) - (5.616) Financial assets that
telah dilunasi have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (49.571) 3.859 10.499 - (35.213) allowance
Perubahan parameter atau model (7.643) (225) (38) - (7.906) Change in model or parameters
Aset keuangan yang baru diperoleh 57.876 - - - 57.876 New financial assets originated
Penghapusan (653) (46) (3.212) - (3.911) Write-offs
Syariah - - - 8.092 8.092 Sharia
Saldo akhir 43.915
- 4.641
- 1.931
- 10.283
- 60.770
- Ending Balance
* Tidak diaudit *Unaudited
119
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 630
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang pembiayaan konsumen dan piutang impairment losses of consumer financing receivables and
sewa pembiayaan selama tahun berjalan dan tahun finance lease receivables during the year and prior year:
sebelumnya: (lanjutan) (continued)
2022 -
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1- Stage 2- Stage 3- Sharia - Total -
Piutang pembiayaan konsumen Consumer financing receivables
Saldo awal 754.169 155.397 309.324 - 1.218.890 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 425.841 (352.070) (73.771) - - -Transfer to Stage 1
- Pindah ke tahap 2 (347.386) 430.939 (83.553) - - -Transfer to Stage 2
- Pindah ke tahap 3 (43.099) (427.997) 471.096 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (68.383) (40.381) (83.555) - (192.319) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (624.316) 312.665 656.450 - 344.799 allowance
Perubahan parameter atau model 122.073 11.651 7.627 - 141.351 Change in model or parameters
Aset keuangan yang baru diperoleh 696.953 - - - 696.953 New financial assets originated
Penghapusan (28.177) (7.569) (921.470) - (957.216) Write-offs
Saldo akhir 887.675
- 82.635
- 282.148
- - - 1.252.458
- Ending Balance
Piutang sewa pembiayaan Finance lease receivables
Saldo awal 8.138 3.024 545 - 11.707 Beginning balance
Pergerakan antar tahap: Interstage movement:
- Pindah ke tahap 1 4.997 (4.049) (948) - - -Transfer to Stage 1
- Pindah ke tahap 2 (1.250) 1.471 (221) - - -Transfer to Stage 2
- Pindah ke tahap 3 (72) (7.977) 8.049 - - -Transfer to Stage 3
Aset keuangan yang Financial assets that
telah dilunasi (1.012) (2.803) (14.708) - (18.523) have been repaid
Pengukuran kembali penurunan Remeasurement of loss
nilai-bersih (30.746) 10.505 8.874 - (11.367) allowance
Perubahan parameter atau model 3.158 291 644 - 4.093 Change in model or parameters
Aset keuangan yang baru diperoleh 61.202 - - - 61.202 New financial assets originated
Penghapusan (50) - (1.805) - (1.855) Write-offs
Syariah - - - 2.191 2.191 Sharia
Saldo akhir 44.365
- 462
- 430
- 2.191
- 47.448
- Ending Balance
Penjelasan mengenai istilah tahap 1, 2 dan 3, terdapat Explanation of the terms stage 1, 2, and 3 is included in
pada Catatan 2.h. Note 2.h.
* Tidak diaudit *Unaudited
120
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 631
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Tabel berikut ini menyajikan perubahan cadangan kerugian The following table presents the movement of allowance for
penurunan nilai piutang pembiayaan murabahah impairment lossess of murabahah financing receivables
berdasarkan PSAK 55 untuk tahun berjalan dan tahun under SFAS 55 during the current year and prior year:
sebelumnya:
2023
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
Saldo awal 117.344 8.948 46.409 9.110 6.049 187.860 Beginning balance
Penambahan 171.573 19.444 166.835 41.751 13.609 413.212 Additions
Penghapusan piutang (143.993) (16.348) (103.119) (33.494) (12.010) (308.964) Written-off receivables
144.924
- 12.044
- 110.125
- 17.367
- 7.648
- 292.108
-
2022
Motor baru/ Motor bekas/
New Used Mobil baru/ Mobil bekas/ Lainnya/
motorcycles
- motorcycles
- New cars- Used cars- Others - Jumlah/Total
-
Piutang pembiayaan Murabahah financing
murabahah receivables
Saldo awal 99.116 6.781 25.948 9.398 4.433 145.676 Beginning balance
Penambahan 119.805 9.831 77.162 13.826 6.629 227.253 Additions
Penghapusan piutang (101.577) (7.664) (56.701) (14.114) (5.013) (185.069) Written-off receivables
117.344
- 8.948
- 46.409
- 9.110
- 6.049
- 187.860
-
Berikut ini adalah dampak perjanjian saling hapus untuk The following table sets out the impact of netting
aset keuangan terhadap laporan posisi keuangan pada agreements for financial assets to the statement of financial
tanggal 31 Desember 2023 dan 2022: position as of 31 December 2023 and 2022:
2023
Jumlah bruto
liabilitas
keuangan diakui Jumlah neto
saling hapus aset keuangan Jumlah terkait yang tidak saling
dalam laporan disajikan dalam hapus dalam laporan posisi
posisi keuangan/ laporan posisi keuangan/
Jumlah bruto Gross amount of keuangan/ Related amount was not off-set
aset keuangan financial liabilities Net amount of on the statement of financial position
diakui/ was recognised financial assets Instrumen
Gross amount of off-set on the on the statement keuangan/ Agunan kas
financial assets statement of of financial Financial yang diterima/ Jumlah neto/
- was recognised - financial position - position - instrument - Cash collateral - Net amount
Aset derivatif 1.006- -- 1.006- -- -- 1.006- Derivative assets
* Tidak diaudit *Unaudited
121
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 632
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko kredit (lanjutan) Credit risk (continued)
Berikut ini adalah dampak perjanjian saling hapus untuk The following table sets out the impact of netting
aset keuangan terhadap laporan posisi keuangan pada agreements for financial assets to the statement of financial
tanggal 31 Desember 2023 dan 2022: (lanjutan) position as of 31 December 2023 and 2022: (continued)
2022
Jumlah bruto
liabilitas
keuangan diakui Jumlah neto
saling hapus aset keuangan Jumlah terkait yang tidak saling
dalam laporan disajikan dalam hapus dalam laporan posisi
posisi keuangan/ laporan posisi keuangan/
Jumlah bruto Gross amount of keuangan/ Related amount was not off-set
aset keuangan financial liabilities Net amount of on the statement of financial position
diakui/ was recognised financial assets Instrumen
Gross amount of off-set on the on the statement keuangan/ Agunan kas
financial assets statement of of financial Financial yang diterima/ Jumlah neto/
- was recognised - financial position - position - instrument - Cash collateral - Net amount
Aset derivatif 40.884- -- 40.884- -- -- 40.884- Derivative assets
Dampak pandemik COVID-19 Effects of the COVID-19 pandemic
Sejalan dengan penurunan kasus COVID-19 dan kondisi Aligning with the decline of COVID-19 cases and improving
perekonomian yang membaik, sudah tidak ada pengajuan economic condition, there is no new COVID-19 restructuring
restrukturisasi COVID-19 yang baru dari konsumen dan applications from consumers and all consumers have
semua konsumen sudah membayar angsuran kembali already paid the installment back to normal payment, so the
secara normal sehingga jumlah piutang pembiayaan financing receivables of restructured consumer has shown
restrukturisasi menunjukkan trend penurunan. Jumlah declining trend. The amount of restructured consumer
piutang pembiayaan konsumen, piutang pembiayaan financing receivables, murabahah financing receivables and
murabahah dan piutang sewa pembiayaan yang telah finance lease receivables as of 31 December 2023 and
direstrukturisasi pada tanggal 31 Desember 2023 dan 2022 2022 are presented in Notes 5, 6 and 7.
disajikan pada Catatan 5, 6 dan 7.
Risiko likuiditas Liquidity risk
Risiko likuiditas merupakan risiko, yang mana Perseroan Liquidity risk is the risk, whereby the Company does not
tidak memiliki sumber keuangan yang mencukupi untuk have sufficient financial resources to discharge its matured
memenuhi kewajibannya yang telah jatuh tempo dan untuk liabilities as well as to run its business.
menjalankan usahanya.
Sumber pendanaan Perseroan berasal dari skema Sources of funding of the Company are from joint financing
pembiayaan bersama dengan PT Bank Danamon Indonesia scheme with PT Bank Danamon Indonesia Tbk; on-shore
Tbk; pinjaman dalam negeri, baik dalam bentuk pinjaman loans, in the form of direct loans as well as bonds and
secara langsung dari bank dalam negeri maupun melalui mudharabah bonds and off-shore loans.
obligasi dan sukuk mudharabah serta pinjaman luar negeri.
Selain itu, dalam pengelolaan risiko likuiditas, Perseroan Moreover, in liquidity risk management, the Company has
telah membentuk Komite Aset dan Kewajiban yang formed Asset and Liability Committee, whose
bertugas untuk memantau kondisi dan situasi yang responsibilities are to monitor conditions and situations
berhubungan dengan likuiditas perseroan serta melakukan related to Company’s liquidity as well as to perform any
tindakan mitigasi jika diperlukan. mitigation, if needed.
* Tidak diaudit *Unaudited
122
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 633
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Selama ini, Perseroan memiliki rasio likuiditas yang sehat. So far, the Company has a healthy liquidity ratio. This
Hal ini dapat dilihat dari solvabilitas, yakni pertumbuhan could be seen in the Company’s solvability, i.e. the
atas kemampuan Perseroan dalam memenuhi liabilitas Company's growing ability to discharge both short-term
jangka pendek dan jangka panjangnya. Rasio liabilitas and long-term liabilities. The ratio of the Company’s
terhadap ekuitas Perseroan pada tanggal 31 Desember liabilities to equity as of 31 December 2023 is 1.8 (2022:
2023 sebesar 1,8 (2022: 1,5). Rasio liabilitas terhadap 1.5). The ratio of liabilities over assets as of 31 December
jumlah aset pada tanggal 31 Desember 2023 dan 2022 2023 and 2022 are 0.6.
sebesar 0,6.
Tabel berikut menyajikan sisa umur kontraktual liabilitas The following table summarises the residual contractual
keuangan yang tidak didiskontokan Perseroan yang maturities of the Company’s undiscounted financial
menggambarkan eksposur Perseroan terhadap risiko liabilities that shows the Company’s exposure to liquidity
likuiditas pada tanggal 31 Desember 2023 dan 2022: risk as of 31 December 2023 and 2022:
2023
< 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
month months months years years Total
- - - - - -
Pinjaman yang diterima 950.587 1.126.627 3.873.843 3.998.423 - 9.949.480 Borrowings
Sukuk mudharabah 38.467 6.872 431.008 284.694 205.035 966.076 Mudharabah bonds
Utang obligasi 389.275 35.112 3.002.416 1.875.840 1.270.057 6.572.700 Bonds payable
Utang kepada dealer 451.577 - - - - 451.577 Payables to dealers
Utang premi asuransi 195.581 - - - - 195.581 Insurance premium payables
Liabilitas derivatif - 1.817 5.451 14.537 - 21.805 Derivative liabilities
2.025.487
- 1.170.428
- 7.312.718
- 6.173.494
- 1.475.092
- 18.157.219
-
2022
< 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
month months months years years Total
- - - - - -
Pinjaman yang diterima 732.805 946.664 2.358.146 1.277.817 - 5.315.432 Borrowings
Sukuk mudharabah 1.988 186.249 12.615 180.803 105.656 487.311 Mudharabah bonds
Utang obligasi 51.846 817.246 1.484.108 2.867.651 269.531 5.490.382 Bonds payable
Utang kepada dealer 514.466 - - - - 514.466 Payables to dealers
Utang premi asuransi 188.220 - - - - 188.220 Insurance premium payables
Liabilitas derivatif 2.954 - 2.953 - - 5.907 Derivative liabilities
1.492.279
- 1.950.159
- 3.857.822
- 4.326.271
- 375.187
- 12.001.718
-
* Tidak diaudit *Unaudited
123
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 634
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko likuiditas (lanjutan) Liquidity risk (continued)
Tabel berikut menggambarkan profil perbedaan jatuh tempo The following table summarises the maturity gap profile of
atas aset dan liabilitas keuangan Perseroan pada tanggal the Company’s financial assets and liabilities as of
31 Desember 2023 dan 2022: 31 December 2023 and 2022:
2023 1
Tidak memiliki
tanggal jatuh
tempo
kontraktual/
No contractual < 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
maturity - month - months - months - years - years - Total -
Aset keuangan Financial assets
Kas dan kas di bank - 1.435.491 - - - - 1.435.491 Cash on hand and in banks
Piutang pembiayaan Consumer financing
konsumen - bruto - 1.620.004 2.796.002 10.518.275 12.660.390 2.321.212 29.915.883 receivables - gross
Piutang pembiayaan Murabahah financing
murabahah - bruto - 385.962 680.301 2.637.254 3.514.154 720.084 7.937.755 receivables - gross
Piutang sewa Finance lease
pembiayaan - bruto - 101.239 167.926 648.356 714.879 51.333 1.683.733 receivables - gross
Piutang karyawan - 3.782 7.416 28.514 47.247 16.294 103.253 Employee receivables
Piutang klaim asuransi - 15.018 - - - - 15.018 Insurance claim receivables
Insurance commission
Piutang komisi asuransi - 60.815 - - - - 60.815 receivables
Investasi dalam saham 386.360 - - - - - 386.360 Investment in shares
386.360 3.622.311 3.651.645 13.832.399 16.936.670 3.108.923 41.538.308
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - 950.587 1.126.627 3.873.843 3.998.423 - 9.949.480 Borrowings
Sukuk mudharabah - 38.467 6.872 431.008 284.694 205.035 966.076 Sukuk mudharabah
Utang obligasi - 389.275 35.112 3.002.416 1.875.840 1.270.057 6.572.700 Bonds payable
Utang kepada dealer - 451.577 - - - - 451.577 Payables to dealers
Utang premi asuransi - 195.581 - - - - 195.581 Insurance premium payables
Liabilitas derivatif - - 1.817 5.451 14.537 - 21.805 Derivative liabilities
- 2.025.487 1.170.428 7.312.718 6.173.494 1.475.092 18.157.219
Perbedaan jatuh tempo 386.360 1.596.824 2.481.217 6.519.681 10.763.176 1.633.831 23.381.089 Maturity gap
- - - - - - -
2022 1
Tidak memiliki
tanggal jatuh
tempo
kontraktual/
No contractual < 1 bulan/ 1-3 bulan/ 3-12 bulan/ 1-3 tahun/ > 3 tahun/ Jumlah/
maturity - month - months - months - years - years - Total -
Aset keuangan Financial assets
Kas dan kas di bank - 1.286.362 - - - - 1.286.362 Cash on hand and in banks
Piutang pembiayaan Consumer financing
konsumen - bruto - 1.356.128 2.421.351 8.951.690 10.433.961 1.970.286 25.133.416 receivables - gross
Piutang pembiayaan Murabahah financing
murabahah - bruto - 287.198 516.467 1.980.956 2.707.259 533.297 6.025.177 receivables - gross
Piutang sewa Finance lease
pembiayaan - bruto - 50.625 94.611 371.964 560.030 19.848 1.097.078 receivables - gross
Piutang karyawan - 2.528 4.898 19.652 36.747 15.714 79.539 Employee receivables
Piutang klaim asuransi - 18.064 - - - - 18.064 Insurance claim receivables
Insurance commission
Piutang komisi asuransi - 61.152 - - - - 61.152 receivables
Aset derivatif - 4.851 15.809 16.961 - - 37.621 Derivative assets
Investasi dalam saham 650 - - - - - 650 Investment in shares
650 3.066.908 3.053.136 11.341.223 13.737.997 2.539.145 33.739.059
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - 732.805 946.664 2.358.146 1.277.817 - 5.315.432 Borrowings
Sukuk mudharabah - 1.988 186.249 12.615 180.803 105.656 487.311 Mudharabah bonds
Utang obligasi - 51.846 817.246 1.484.108 2.867.651 269.531 5.490.382 Bonds payable
Utang kepada dealer - 514.466 - - - - 514.466 Payables to dealers
Utang premi asuransi - 188.220 - - - - 188.220 Insurance premium payables
Liabilitas derivatif - 2.954 - 2.953 - - 5.907 Derivative liabilities
- 1.492.279 1.950.159 3.857.822 4.326.271 375.187 12.001.718
Perbedaan jatuh tempo 650 1.574.629 1.102.977 7.483.401 9.411.726 2.163.958 21.737.341 Maturity gap
- - - - - - -
* Tidak diaudit *Unaudited
124
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 635
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional Operational risk
Perseroan juga sangat sadar terhadap risiko operasional, The Company is also highly aware about operational risk,
karena permasalahan yang timbul sehubungan dengan because problems arising in relation with this risk could
risiko ini dapat berdampak dan berpengaruh luas terhadap bring significant impact and affect the Company’s overall
kinerja Perseroan secara keseluruhan. Secara umum, risiko performance. In general, operational risk is the risk caused
operasional merupakan risiko yang disebabkan karena by insufficiency and/or malfunction of internal processes,
ketidakcukupan dan/atau tidak berfungsinya proses internal, human errors, system failures and external problems that
kesalahan manusia, kegagalan sistem dan adanya problem affect the Company's whole operations.
eksternal yang mempengaruhi operasional Perseroan
secara keseluruhan.
Secara umum, Penanganan risiko operasional dalam In general, the operational risks in the Company are
Perseroan dilakukan dengan 4 (empat) langkah, yaitu: handled through 4 (four) steps as follows:
- Mengidentifikasikan risiko yang melekat dalam setiap - To identify risks attached to every product and
produk dan aktivitas operasional operational activity
- Mengukur profil risiko Perseroan agar mendapatkan - To measure the Company’s risk profile, in order to
gambaran dari efektifitas penerapan manajemen risiko understand the effectiveness of risk management’s
serta tingkat kepatuhan terhadap prosedur dan implementation as well as compliance level towards
kebijakan yang tersedia existing procedures and policies
- Mengendalikan risiko dalam bentuk tindakan proaktif - To control risks in the form of proactive actions in order
sehingga kerugian operasional yang terjadi tidak to manage operational loss within specified limit and will
melewati batasan yang telah ditentukan dan tidak not affect the Company’s business
mengganggu jalannya usaha Perseroan
- Memantau risiko yang telah diidentifikasi, diukur, dan - To monitor risks that have been identified, measured
dikendalikan oleh Perseroan dalam suatu bentuk and controlled by the Company in a form of risk
dokumentasi risiko dengan menggunakan sistem dan documentation by using risk monitoring systems and
prosedur pemantauan risiko yang dilakukan baik oleh procedures performed both by the business and
fungsi bisnis dan operasional (risk-taking function) operational functions (risk-taking function) and by the
maupun oleh fungsi Manajemen Risiko secara berkala Risk Management function on a regular basis and
dan disampaikan kepada pihak manajemen Perseroan. submitted to the Company’s management.
Keempat langkah di atas merupakan satu kesatuan proses The four steps above is an inseparable unified process.
yang tidak terpisahkan. Langkah di atas telah diterjemahkan The steps above have been converted to the Company's
Perseroan dalam mekanisme manajemen risiko operasional operational risk management mechanism as follows:
sebagai berikut:
• Risk Control Self Assessment (RCSA) • Risk Control Self Assessment (RCSA)
RCSA merupakan suatu konsep manajemen risiko yang RCSA is a concept of risk management, which was
dibentuk berdasarkan Prosedur Operasi Standar yang established based on applicable Standard Operating
berlaku dalam Perseroan, untuk menelaah dan Procedures in the Company, to examine and measure
mengukur besarnya potensi risiko-risiko yang the extent of potential risk occurring throughout the
berlangsung selama proses internal untuk internal processes in order to generate operational risk
menghasilkan status risiko operasional, dan dilaporkan status, and is reported periodically (semi-annually) to
secara periodik (semesteran) kepada manajemen the Company’s management. The appointed unit within
Perseroan. Unit kerja yang telah ditetapkan di dalam the Company will conduct Self Assessment (Unit SA)
Perseroan akan melakukan Self Assessment (Unit SA) which results in RSCA for each Unit SA.
yang menghasilkan rating RCSA bagi setiap Unit SA.
• Operational Risk Management System (ORMS) • Operational Risk Management System (ORMS)
ORMS merupakan implementasi dari kewajiban ORMS is an implementation of the obligation of the
Perseroan sebagai Perusahaan Anak dari PT Bank Company as a Subsidiary of PT Bank Danamon
Danamon Indonesia Tbk untuk melakukan Indonesia Tbk to carry out operational risk control by
pengendalian risiko operasional dengan cara recording risk event at the time this risk event occurred,
melakukan pencatatan kejadian berisiko pada saat as part of the Implementation of Integrated Risk
terjadinya kejadian berisiko tersebut, sebagai bagian Management. ORMS is a web-based intranet
dari Penerapan Manajemen Risiko Terintegrasi bagi application that is used as an operational risk
Konglomerasi Keuangan. ORMS adalah sebuah aplikasi management tool and is designed for recording the
intranet berbasis web yang digunakan sebagai alat operational risk event at the time of occurrence of this
bantu pengelola risiko operasional yang dirancang agar risk event and stored into a database that has been
pencatatan kejadian berisiko dapat dilakukan pada saat integrated with PT Bank Danamon Indonesia Tbk as
terjadinya kejadian berisiko tersebut dan direkam ke Parent Company.
dalam database yang terintegrasi dengan PT Bank
Danamon Indonesia Tbk sebagai Perusahaan Induk.
* Tidak diaudit *Unaudited
125
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 636
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) Operational risk (continued)
Sebagai pendukung terhadap penerapan manajemen risiko As support for the implementation of operational risk
operasional, Perseroan secara terus menerus management, the Company continuously develops risk
mengembangkan indikator deteksi risiko operasional yang operational detection indicator, which result will be
hasilnya akan dikombinasikan dengan proses pengendalian combined with internal control process, thus can help the
internal, sehingga dapat membantu Perseroan dalam Company in detecting operational risk which might occur
mendeteksi risiko operasional yang mungkin timbul dan and take necessary action in minimising the effect of
mengambil tindakan yang diperlukan dalam meminimalisir operational risk.
akibat dari risiko operasional.
• Pengelolaan Kecurangan • Fraud Management
Seiring dengan semakin besar suatu perusahaan, Along with the company’s growth, the process is more
dengan proses yang semakin kompleks dan jumlah complex and the number of employees increases, strong
karyawan yang bertambah, pengendalian internal yang internal control becomes an issue to cover the gap of an
kuat menjadi sebuah isu untuk menutup celah dari internal system that is still in the process of
sistem internal yang masih terus dalam proses improvement. As a financing company that has a risk
perbaikan. Sebagai perusahaan pembiayaan yang telah management system, the Company has implemented
memiliki sistem manajemen risiko, Perseroan telah POJK No. 35/POJK.05/2018 dated 27 December 2018
menerapkan POJK No. 35/POJK.05/2018 tanggal concerning the Business Operations of Financing
27 Desember 2018 tentang Penyelenggaraan Usaha Company related to the Anti-Fraud Strategy, generally
Perusahaan Pembiayaan yang berkaitan dengan summarized as follows:
Strategi Anti-Fraud, secara umum terangkum sebagai
berikut:
• Pencegahan: Memuat anti-fraud awareness, • Prevention: Provide anti-fraud awareness,
identifikasi kerawanan, dan know your employee. identification of vulnerabilities, and know your
employee.
• Pendeteksian: Memuat kegiatan dalam • Detection: Provide activities to identify and find
mengidentifikasi dan menemukan kejadian fraud. fraud incidents.
• Investigasi, Pelaporan, dan Sanksi : Memuat • Investigation, Reporting and Sanctions: Provide the
standar investigasi Perseroan, mekanisme Company's investigative standards, mechanisms for
pelaporan kejadian fraud kepada internal reporting fraud incidents to the Company's internal
Perseroan, penerapan kebijakan sanksi untuk affairs, implementation of a sanction policy to
memberikan efek jera bagi pelaku fraud. provide a deterrent effect for perpetrators of fraud.
• Pemantuan, Evaluasi, dan Tindak lanjut: Memuat • Monitoring, Evaluation, and Action Plan: Provide
pemantauan terhadap tindak lanjut kejadian fraud, monitoring over the action plan of fraud incidents,
memelihara data kejadian fraud (fraud profiling) maintaining data on fraud incidents (fraud profiling)
guna mendukung pelaksanaan evaluasi, to support evaluation implementation, action plan
mekanisme tindak lanjut untuk menghindari mechanisms to prevent fraud incidents from
kejadian fraud terulang kembali. reoccur.
• Pengelolaan Kelangsungan Usaha (Business • Business Continuity Management (BCM)
Continuity Management - BCM)
BCM merupakan proses pengelolaan yang menyeluruh BCM is a comprehensive management process to
dalam mengidentifikasi dampak yang berpotensi identify the impact that potentially threaten business
mengancam kelangsungan usaha. BCM menjadi continuity. BCM becomes a framework in building
sebuah kerangka dalam membangun ketahanan dan resilience and the capability to respond to issues or
kapabilitas dalam merespon isu atau situasi secara situations effectively. Therefore, the interests of
efektif. Dengan demikian, kepentingan para pemangku stakeholders, the reputation of the Company and
kepentingan, reputasi Perseroan dan kelangsungan business continuity can be maintained.
usaha dapat terjaga.
Melalui BCM, Perseroan melakukan identifikasi terhadap Through BCM, the Company identified the critical
aktivitas-aktivitas/kejadian kritikal yang berpotensi terjadi activities/events that can potentially occur in the
dalam Perseroan, yang mana bila terjadi gangguan pada Company, which in case of disruption in that activities,
aktivitas tersebut, dapat mengancam kelangsungan could threaten the Company’s business continuity.
usaha Perseroan. Melalui hasil analisa tersebut, Through the analysis result, the Company prepared a
Perseroan menyusun Business Continuity Plan (BCP) Business Continuity Plan (BCP), which is a documented
yang merupakan kerangka kerja terdokumentasi untuk framework of response and recovery for critical activities
penanganan dan pemulihan terhadap aktivitas kritikal in a unit with a predetermined period of time.
dalam suatu unit kerja dengan periode waktu yang telah
ditetapkan.
* Tidak diaudit *Unaudited
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 637
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) Operational risk (continued)
Perseroan mengidentifikasi aktivitas-aktivitas operasional The Company identified that the critical operational activities
kritikal yang ada pada kegiatan usaha Perseroan terletak of the Company are located in: acquisition, credit,
pada: bagian akuisisi, kredit, operasional, penagihan, operational, collection, finance, information technology and
keuangan, teknologi informasi dan digital, penyimpanan digital, custodian for BPKB and branch services. Other than
BPKB kendaraan dan pelayanan cabang. Selain itu, that, the Company also identified that external crisis can
Perseroan pun mengidentifikasi bahwa krisis eksternal pun arise and affect the Company’s business continuity.
dapat timbul dan berpotensi memberikan dampak pada
kelangsungan usaha Perseroan.
38. ASET DAN LIABILITAS KEUANGAN 38. FINANCIAL ASSETS AND LIABILITIES
Tabel di bawah ini menyajikan nilai tercatat dan nilai wajar The following table sets out the carrying amounts and fair
dari instrumen keuangan Perseroan: values of the Company’s financial instruments:
2023 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value Nilai tercatat/
Amortised profit or through Carrying Nilai wajar/
cost - loss - OCI - value - Fair value
-
Aset keuangan Financial assets
Cash on hand and
Kas dan kas di bank 1.435.491 - - 1.435.491 1.435.491 in banks
Piutang pembiayaan Consumer financing
konsumen - bersih 20.680.629 - - 20.680.629 21.326.541 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 5.520.062 - - 5.520.062 5.951.171 receivables - net
Piutang sewa Finance lease
pembiayaan - bersih 1.444.300 - - 1.444.300 1.564.589 receivables - net
Piutang klaim asuransi 15.018 - - 15.018 15.018 Insurance claim receivables
Insurance commission
Piutang komisi asuransi 60.815 - - 60.815 60.815 receivables
Piutang karyawan 103.253 - - 103.253 93.616 Employee receivables
Aset derivatif - - 1.006 1.006 1.006 Derivative assets
Investasi dalam saham - - 386.360 386.360 386.360 Investment in shares
Jumlah aset keuangan 29.259.568
- -- 387.366
- 29.646.934
- 30.834.607
- Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 9.312.972 - - 9.312.972 9.285.089 Borrowings
Beban bunga yang masih harus Accrued interest
dibayar 100.202 - - 100.202 100.202 expenses
Bagi hasil sukuk mudharabah yang Accrued revenue sharing for
masih harus dibayar 8.650 - - 8.650 8.650 mudharabah bonds
Marjin mudharabah yang
masih harus dibayar 770 - - 770 770 Accrued mudharabah margin
Utang obligasi 5.885.106 - - 5.885.106 5.879.074 Bonds payable
Utang kepada dealer 451.577 - - 451.577 451.577 Payables to dealers
Utang premi asuransi 195.581 - - 195.581 195.581 Insurance premium payables
Sukuk mudharabah 859.000 - - 859.000 856.523 Mudharabah bonds
Jumlah liabilitas keuangan 16.813.858
- -- -- 16.813.858
- 16.777.466
- Total financial liabilities
* Tidak diaudit *Unaudited
127
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 638
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. ASET DAN LIABILITAS KEUANGAN (lanjutan) 38. FINANCIAL ASSETS AND LIABILITIES (continued)
Tabel di bawah ini menyajikan nilai tercatat dan nilai wajar The following table sets out the carrying amounts and fair
dari instrumen keuangan Perseroan: (lanjutan) values of the Company’s financial instruments: (continued)
2022 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value Nilai tercatat/
Amortised profit or through Carrying Nilai wajar/
cost - loss - OCI - value - Fair value
-
Aset keuangan Financial assets
Cash on hand and
Kas dan kas di bank 1.286.362 - - 1.286.362 1.286.362 in banks
Piutang pembiayaan Consumer financing
konsumen - bersih 17.204.721 - - 17.204.721 17.429.932 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 4.033.357 - - 4.033.357 4.150.924 receivables - net
Piutang sewa Finance lease
pembiayaan - bersih 918.005 - - 918.005 975.054 receivables - net
Piutang klaim asuransi 18.064 - - 18.064 18.064 Insurance claim receivables
Insurance commission
Piutang komisi asuransi 61.152 - - 61.152 61.152 receivables
Piutang karyawan 79.539 - - 79.539 71.484 Employee receivables
Aset derivatif - - 40.884 40.884 40.884 Derivative assets
Investasi dalam saham - - 650 650 650 Investment in shares
Jumlah aset keuangan 23.601.200
- -- 41.534
- 23.642.734
- 24.034.506
- Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 5.073.084 - - 5.073.084 5.044.518 Borrowings
Beban bunga yang masih harus Accrued interest
dibayar 78.043 - - 78.043 78.043 expenses
Bagi hasil sukuk mudharabah yang Accrued revenue sharing for
masih harus dibayar 1.997 - - 1.997 1.997 mudharabah bonds
Utang obligasi 4.999.207 - - 4.999.207 5.062.014 Bonds payable
Utang kepada dealer 514.466 - - 514.466 514.466 Payables to dealers
Utang premi asuransi 188.220 - - 188.220 188.220 Insurance premium payables
Liabilitas derivatif - - 5.693 5.693 5.693 Derivative liabilities
Sukuk mudharabah 441.000 - - 441.000 442.070 Mudharabah bonds
Jumlah liabilitas keuangan 11.296.017
- -- 5.693
- 11.301.710
- 11.337.021
- Total financial liabilities
Metode dan asumsi yang digunakan untuk estimasi nilai Methods and assumptions are used to estimate the fair
wajar adalah sebagai berikut: values are as follows:
• Nilai wajar kas dan kas di bank, piutang klaim asuransi, • The fair value of cash on hand and in banks,
piutang komisi asuransi, utang kepada dealer, utang insurance claim receivables, insurance commission
premi asuransi, pinjaman yang diterima dengan tingkat receivables, payables to dealers, insurance premium
suku bunga tetap dan akan jatuh tempo kurang dari payables, borrowings which bear fixed interest rate
satu tahun, beban bunga yang masih harus dibayar and will mature in less than one year, accrued interest
dan bagi hasil sukuk mudharabah yang masih harus expenses and accrued revenue sharing for
dibayar mendekati nilai tercatat karena jangka waktu mudharabah bonds approximate their carrying
jatuh tempo yang singkat atas instrumen keuangan amounts largerly due to short-term mature of these
tersebut. instruments.
• Nilai wajar pinjaman yang diterima dengan tingkat suku • The fair value of floating-rate borrowings approximate
bunga mengambang mendekati nilai tercatatnya karena their carrying amounts because the interest rate is
tingkat suku bunganya sering ditinjau ulang. repriced frequently.
* Tidak diaudit *Unaudited
128
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 639
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. ASET DAN LIABILITAS KEUANGAN (lanjutan) 38. FINANCIAL ASSETS AND LIABILITIES (continued)
Metode dan asumsi yang digunakan untuk estimasi nilai Methods and assumptions are used to estimate the fair
wajar adalah sebagai berikut: (lanjutan) values are as follows: (continued)
• Nilai wajar piutang pembiayaan konsumen, piutang • The fair value of consumer financing receivables,
pembiayaan murabahah, piutang sewa pembiayaan, murabahah financing receivable, finance lease
piutang karyawan dan pinjaman yang diterima dengan receivables, employee receivables and borrowings
tingkat suku bunga tetap dan akan jatuh tempo lebih which bear fixed interest rate and will mature in more
dari satu tahun dinilai menggunakan diskonto arus kas than one year are determined by discounting cash
berdasarkan tingkat suku bunga pasar pada tanggal flows using market interest rate of similar instruments
31 Desember 2023 dan 2022. as of 31 December 2023 and 2022.
• Nilai wajar investasi dalam saham PT Home Credit • The fair value of investment in shares of PT Home
Indonesia pada tanggal 31 Desember 2023 dinilai Credit Indonesia as of 31 December 2023 is valued at
sebesar biaya perolehannya karena tidak terdapat its acquisition cost because there is no significant
perbedaan signifikan antara biaya perolehan saat difference between the acquisition cost at the time of
pembelian dengan nilai wajar pada tanggal pelaporan. purchase and the fair value at the reporting date.
Investasi tersebut diukur menggunakan hirarki nilai Such investment is measured using level 3 fair value
wajar tingkat 3. hierarchy.
• Nilai wajar investasi dalam saham PT Adira Quantum • The fair value of investment in shares of PT Adira
Multifinance pada tanggal 31 Desember 2022 dinilai Quantum Multifinance as of 31 December 2022 is
sebesar biaya perolehannya karena nilai wajarnya carried at cost because its fair value cannot be
tidak dapat diukur secara handal. reliably measured.
• Obligasi dan sukuk mudharabah Perseroan yang • The Company’s bonds and sukuk mudharabah listed
terdaftar di Bursa Efek Indonesia. Nilai wajar utang in the Indonesia Stock Exchange. The fair value of
obligasi dan sukuk mudharabah ditentukan bonds payable and sukuk mudharabah are
berdasarkan harga pasar kuotasi dari Bloomberg pada determined using quoted market price from
tanggal 31 Desember 2023 dan 2022. Bloomberg as of 31 December 2023 and 2022.
Hirarki nilai wajar instrumen keuangan Fair value hierarchy of financial instruments
Tabel berikut ini merupakan hirarki nilai wajar dari The table below sets out the fair value hierarchy of the
aset/liabilitas keuangan pada tanggal 31 Desember 2023 financial assets/liabilities as of 31 December 2023 and
dan 2022: 2022:
2023 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value
Amortised profit or through Jumlah/
cost - loss - OCI - Total -
Aset keuangan Financial assets
Tingkat 2: Level 2:
Piutang pembiayaan Consumer financing
konsumen - bersih 21.326.541 - - 21.326.541 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 5.951.171 - - 5.951.171 receivables - net
Piutang sewa Finance lease
pembiayaan - bersih 1.564.589 - - 1.564.589 receivables - net
Piutang karyawan 93.616 - - 93.616 Employee receivables
Aset derivatif - - 1.006 1.006 Derivative assets
28.935.917
- -- 1.006
- 28.936.923
-
Liabilitas keuangan Financial liabilities
Tingkat 1: Level 1:
Utang obligasi 5.879.074 - - 5.879.074 Bonds payable
Sukuk mudharabah 856.523 - - 856.523 Mudharabah bonds
6.735.597
- -- -- 6.735.597
-
Tingkat 2: Level 2:
Pinjaman yang diterima 9.285.089 - 1 - 1 9.285.089 Borrowings
- 1 - - - 1
* Tidak diaudit *Unaudited
129
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 640
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
38. ASET DAN LIABILITAS KEUANGAN (lanjutan) 38. FINANCIAL ASSETS AND LIABILITIES (continued)
Hirarki nilai wajar instrumen keuangan (lanjutan) Fair value hierarchy of financial instruments (continued)
Tabel berikut ini merupakan hirarki nilai wajar dari The table below sets out the fair value hierarchy of the
aset/liabilitas keuangan pada tanggal 31 Desember 2023 financial assets/liabilities as of 31 December 2023 and
dan 2022: (lanjutan) 2022: (continued)
2022 -
Nilai wajar
melalui Nilai wajar
Biaya laba rugi/ melalui
perolehan Fair value OCI/
diamortisasi/ through Fair value
Amortised profit or through Jumlah/
cost - loss - OCI - Total -
Aset keuangan Financial assets
Tingkat 2: Level 2:
Piutang pembiayaan Consumer financing
konsumen - bersih 17.429.932 - - 17.429.932 receivables - net
Piutang pembiayaan Murabahah financing
murabahah - bersih 4.150.924 - - 4.150.924 receivables - net
Piutang sewa Finance lease
pembiayaan - bersih 975.054 - - 975.054 receivables - net
Piutang karyawan 71.484 - - 71.484 Employee receivables
Aset derivatif - - 40.884 40.884 Derivative assets
22.627.394
- -- 40.884
- 22.668.278
-
Liabilitas keuangan Financial liabilities
Tingkat 1: Level 1:
Utang obligasi 5.062.014 - - 5.062.014 Bonds payable
Sukuk mudharabah 442.070 - - 442.070 Mudharabah bonds
5.504.084
- -- -- 5.504.084
-
Tingkat 2: Level 2:
Pinjaman yang diterima 5.044.518 - - 5.044.518 Borrowings
Liabilitas derivatif - 1 - 1 5.693
1 5.693
1 Derivative liability
5.044.518
- -- 5.693
- 5.050.211
-
Pada tanggal 31 Desember 2023 dan 2022, tidak ada aset As of 31 December 2023 and 2022, there are no financial
keuangan dan liabilitas keuangan yang ditransfer dari atau assets and financial liabilities transferred out of or into level
ke tingkat 1 dan/atau tingkat 3. 1 and/or level 3 .
39. MANAJEMEN MODAL 39. CAPITAL MANAGEMENT
Tujuan Perseroan dalam mengelola permodalan adalah The Company’s objective in managing its capital is to keep
untuk melindungi kemampuan Perseroan dalam the Company’s capability in maintaining its going concern,
mempertahankan kelangsungan usahanya, sehingga so the Company could distribute the return to shareholders.
Perseroan tetap memberikan imbal hasil bagi pemegang
saham.
Perseroan mempunyai komitmen untuk mengembalikan The Company has a commitment to deliver return on
investasi pemegang saham dalam bentuk dividen kas. investment to its shareholders in the form of cash dividend.
Sejak Penawaran Saham Perdana, Perseroan selalu Since the Initial Public Offering, the Company has
membagikan dividen kepada para pemegang sahamnya consistently distributed dividends to its shareholders every
secara teratur setiap tahun dan juga telah menetapkan year and has also determined the minimum dividend policy
kebijakan dividen minimal sebesar 20% dari laba neto tahun of 20% from current year net income by still considering the
berjalan dengan tetap mempertimbangkan kebutuhan dana Company’s needs of funding in the following year and the
Perseroan pada tahun berikutnya dan kebijakan dividen dividend policy of PT Bank Danamon Indonesia Tbk as the
yang diambil oleh PT Bank Danamon Indonesia Tbk selaku controlling shareholder.
pemegang saham pengendali.
* Tidak diaudit *Unaudited
130
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 641
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
39. MANAJEMEN MODAL (lanjutan) 39. CAPITAL MANAGEMENT (continued)
Dalam mengelola permodalan, Perseroan melakukan In managing capital, the Company conducts monthly
analisa secara bulanan untuk memastikan bahwa analysis to ensure that the Company complies with POJK
Perseroan tetap mengikuti POJK No. 47/POJK.05/2020 No. 47/POJK.05/2020 dated 17 November 2020 regarding
tertanggal 17 November 2020 tentang Perizinan Usaha dan Business Licesing and Institutional Financing Companies
Kelembagaan Perusahaan Pembiayaan dan Perusahaan and Sharia Financing Companies and POJK
Pembiayaan Syariah dan POJK No. 35/POJK.05/2018 No. 35/POJK.05/2018 dated 27 December 2018 regarding
tertanggal 27 Desember 2018 tentang Penyelenggaraan Business Operations of Financing Company which have
Usaha Perusahaan Pembiayaan yang di antaranya some provisions as follows:
mengatur ketentuan sebagai berikut:
• Rasio permodalan Perseroan minimum 10%, • The Company’s capital ratio minimum 10%,
• Jumlah pinjaman yang dimiliki Perseroan dibandingkan • The amount of the Company’s loan to equity and
modal sendiri dan pinjaman subordinasi dikurangi subordinated loan deducted by investment is maximum
penyertaan maksimum 10 kali, baik untuk pinjaman luar 10 times, both for foreign and domestic loans.
negeri maupun dalam negeri.
Pada tanggal 31 Desember 2023 dan 2022, Perseroan As of 31 December 2023 and 2022, the Company has
telah memenuhi ketentuan tersebut (lihat Informasi complied with those provisions (see Supplementary
Keuangan Tambahan). Financial Information).
40. ASET/LIABILITAS DALAM MATA UANG ASING 40. ASSET/LIABILITY DENOMINATED IN FOREIGN
CURRENCY
Aset dan liabilitas dalam mata uang asing yang dimiliki The Company’s assets and liabilities denominated in
Perseroan adalah sebagai berikut: foreign currency are as follows:
2023 - 2022 -
Kas di bank Cash in banks
USD USD
Nilai penuh 38.889 39.440 Full amount
Ekuivalen (IDR) 599 613 Equivalent (IDR)
Pinjaman yang diterima Borrowings
USD USD
Nilai penuh - (50.416.667) Full amount
Ekuivalen (IDR) - (784.861) Equivalent (IDR)
JPY JPY
Nilai penuh (2.160.000.000) - Full amount
Ekuivalen (IDR) (235.181) - Equivalent (IDR)
Dikurangi: Less:
Lindung nilai arus kas Cashflow hedge
USD USD
Nilai penuh - 50.416.667 Full amount
Ekuivalen (IDR) - 784.861 Equivalent (IDR)
JPY JPY
Nilai penuh 2.160.000.000 - Full amount
Ekuivalen (IDR) 235.181 - Equivalent (IDR)
Aset neto USD Net asset USD
Dalam nilai penuh 38.889 39.440 In full amount
Dalam IDR ekuivalen 599 613 In IDR equivalent
Aset neto JPY Net asset JPY
Dalam nilai penuh - - In full amount
Dalam IDR ekuivalen -- -- In IDR equivalent
* Tidak diaudit *Unaudited
131
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 642
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. ASET/LIABILITAS DALAM MATA UANG ASING 40. ASSET/LIABILITY DENOMINATED IN FOREIGN
(lanjutan) CURRENCY (continued)
Perseroan telah menerapkan kebijakan lindung nilai untuk The Company has applied hedging policy to borrowings
pinjaman yang diterima dalam mata uang asing dan/atau denominated in foreign currencies with/without floating
memiliki tingkat suku bunga mengambang (lihat Catatan 10 interest rates (see Notes 10 and 16).
dan 16).
Atas aset dalam mata uang asing, jumlah rugi selisih kurs For assets denominated in foreign currency, loss on foreign
yang diakui dalam laporan laba rugi pada tahun 2023 exchange recognised in the statement of profit or loss in
sebesar Rp117 (2022: Rp51). 2023, amounted to Rp117 (2022: Rp51).
41. AKTIVITAS INVESTASI NON-KAS 41. NON-CASH INVESTING ACTIVITY
2023 - 2022 -
Aktivitas investasi non-kas: Non-cash investing activity:
Pengadaan aset tetap yang masih terutang 9.587 895 Acquisition of fixed asset which is still payable
Pengadaan aset tak berwujud Acquisition of intangible asset which
yang masih terutang 2.249 250 is still payable
11.836
- 1.145
-
42. REKONSILIASI AKTIVITAS PENDANAAN BERSIH 42. NET FINANCING ACTIVITIES RECONCILIATION
Rekonsiliasi dari aktivitas pendanaan adalah sebagai Reconciliation from financing activities are as follows:
berikut:
2023
Perubahan non-kas/
Non-cash changes -
Pergerakan
beban transaksi
dan beban
Pergerakan lainnya/
valuta asing/ Changes in
Saldo awal/ Movement transaction Saldo akhir/
Beginning Arus kas/ of foreign cost and Ending
balance - Cashflow - exchange *)- other cost - balance -
Pinjaman yang diterima 5.073.084 4.268.305 (37.562) 9.145 9.312.972 Borrowings
Utang obligasi 4.999.207 880.163 - 5.736 5.885.106 Bond payables
Sukuk mudharabah 441.000 418.000 - - 859.000 Mudharabah bonds
Liabilitas sewa 168.688 (38.713) - 18.073 148.048 Lease liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 10.681.979
- 5.527.755
- (37.562)
- 32.954
- 16.205.126
- financing activities
* Tidak diaudit *Unaudited
132
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 643
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. REKONSILIASI AKTIVITAS PENDANAAN BERSIH 42. NET FINANCING ACTIVITIES RECONCILIATION
(lanjutan) (continued)
Rekonsiliasi dari aktivitas pendanaan adalah sebagai Reconciliation from financing activities are as follows:
berikut: (lanjutan) (continued)
2022
Perubahan non-kas/
Non-cash changes -
Pergerakan
beban transaksi
dan beban
Pergerakan lainnya/
valuta asing/ Changes in
Saldo awal/ Movement transaction Saldo akhir/
Beginning Arus kas/ of foreign cost and Ending
balance - Cashflow - exchange *)- other cost - balance -
Pinjaman yang diterima 4.954.713 6.823 110.568 980 5.073.084 Borrowings
Utang obligasi 5.573.268 (581.288) - 7.227 4.999.207 Bond payables
Sukuk mudharabah 402.000 39.000 - - 441.000 Mudharabah bonds
Liabilitas sewa 180.892 (34.655) - 22.451 168.688 Lease liabilities
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 11.110.873
- (570.120)
- 110.568
- 30.658
- 10.681.979
- financing activities
*) Perseroan telah menerapkan kebijakan lindung nilai *) The Company has applied hedging policy to borrowings
untuk pinjaman yang diterima dalam mata uang asing denominated in foreign currencies with/without floating
dan/atau memiliki tingkat suku bunga mengambang (lihat interest rates (see Notes 10 and 16).
Catatan 10 dan 16).
43. PROGRAM KOMPENSASI JANGKA PANJANG 43. LONG-TERM COMPENSATION PROGRAM
Pada bulan September 2023, Perseroan telah meluncurkan In September 2023, the Company has launched the new
Program Insentif Jangka Panjang (“LTIP”) dalam bentuk kas Long-Term Incentive Program (“LTIP”) in the form of cash
yang diberikan kepada Senior Executive Perseroan secara which was awarded to the Senior Executives of the
selektif dan akan diberikan pada bulan Juli 2025. Company selectively and will be granted in July 2025.
Pada tahun 2023, jumlah yang telah diakui dalam laporan In 2023, the amount already recognised in the statement of
laba rugi sebesar Rp2.348. profit or loss amounted to Rp2,348.
44. LIABILITAS KONTINJENSI 44. CONTINGENT LIABILITY
Perseroan tidak memiliki liabilitas kontinjensi yang signifikan The Company does not have any significant contingent
pada tanggal 31 Desember 2023 dan 2022. liability as of 31 December 2023 and 2022.
45. KOMITMEN 45. COMMITMENT
Perseroan mengadakan perjanjian sewa sebagai berikut: The Company has lease agreement as follows:
Pihak lawan/ Item yang disewa/ Periode perjanjian/
Counterparties Leased items Period of agreement
Kantor pusat di Jakarta/ 16 September/September 2019 –
PT Permata Birama Sakti
Head office at Jakarta 15 September/September 2029
Data Centre di Jakarta/ 7 Oktober/October 2023 –
PT DCI Indonesia
Data Centre at Jakarta 6 Oktober/October 2024
Data Centre di Surabaya/ 29 April/April 2022 –
PT Telekomunikasi Indonesia Tbk
Data Centre at Surabaya 28 April/April 2025
Perseroan mengakui komitmen perjanjian sewa diatas The Company recognized rental commitment above as lease
sebagai liabilitas sewa (lihat catatan 20). liabilities (see Note 20).
* Tidak diaudit *Unaudited
133
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 644
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. INFORMASI KEUANGAN TAMBAHAN - UNIT 46. SUPPLEMENTARY FINANCIAL INFORMATION -
SYARIAH SHARIA UNIT
2023 - 2022 -
ASET ASSETS
Kas di bank 76.285 100.765 Cash in bank
Piutang pembiayaan murabahah - bruto 16.160.176 12.417.583 Murabahah financing receivables - gross
Marjin pembiayaan murabahah yang
belum diakui (3.813.899) (2.945.136) Unearned murabahah financing income
Bagian piutang pembiayaan murabahah yang Portion of murabahah financing receivables
dibiayai pihak berelasi - neto (6.534.107) (5.251.230) financed by a related party - net
Cadangan kerugian penurunan nilai (292.108) (187.860) Allowance for impairment losses
Piutang pembiayaan murabahah - neto 5.520.062 4.033.357 Murabahah financing receivables - net
Aset IMBT 330.547 97.991 Asset IMBT
Akumulasi penyusutan (88.840) (17.130) Accumulated depreciation
Cadangan kerugian penurunan nilai (10.283) (2.191) Allowance for impairment losses
Aset IMBT - neto 231.424 78.670 Asset IMBT - net
Beban dibayar dimuka 2.573 1.006 Prepaid expenses
Piutang dan aset lain-lain - neto 19.963 18.119 Other receivables and asset - net
JUMLAH ASET 5.850.307
- 4.231.917
- TOTAL ASSETS
LIABILITAS LIABILITIES
Dana investasi 3.362.417 2.410.667 Investment funds
Sukuk mudharabah 859.000 441.000 Mudharabah bonds
Beban yang masih harus dibayar 132.606 124.396 Accrued expenses
Liabilitas lain-lain 425.806 350.065 Other liabilities
JUMLAH LIABILITAS 4.779.829 3.326.128 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas 1.070.478 905.789 Equity
JUMLAH LIABILITAS DAN EKUITAS 5.850.307
- 4.231.917
- TOTAL LIABILITIES AND EQUITY
* Tidak diaudit *Unaudited
134
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 645
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. INFORMASI KEUANGAN TAMBAHAN - UNIT 46. SUPPLEMENTARY FINANCIAL INFORMATION -
SYARIAH (lanjutan) SHARIA UNIT (continued)
2023 - 2022 -
PENDAPATAN INCOME
Pendapatan marjin 1.482.860 1.195.163 Margin income
Pendapatan IMBT - neto 31.328 6.424 IMBT income - net
Pendapatan lain-lain 257.271 185.864 Other income
JUMLAH PENDAPATAN OPERASIONAL 1.771.459 1.387.451 TOTAL OPERATING INCOME
Bagi hasil sukuk dan Revenue sharing for
pinjaman mudharabah (236.204) (144.019) mudharabah bonds and loans
PENDAPATAN OPERASIONAL SETELAH OPERATIONAL INCOME AFTER
DISTRIBUSI BAGI HASIL 1.535.255 1.243.432 REVENUE SHARING
BEBAN EXPENSES
Gaji dan tunjangan (430.250) (455.797) Salaries and benefits
Penyisihan kerugian penurunan nilai piutang Provision for impairment losses on
pembiayaan (423.327) (229.481) financing receivables
Administrasi dan umum (262.074) (252.904) General and administrative
Pemasaran (134.757) (148.808) Marketing
Amortisasi biaya emisi sukuk mudharabah, Amortisation of mudharabah bonds issuance,
provisi dan administrasi atas pinjaman provision, and administration expense
yang diterima (1.065) (1.039) of borrowing
Lain-lain (622) (133) Others
JUMLAH BEBAN (1.252.095) (1.088.162) TOTAL EXPENSES
LABA SEBELUM PAJAK PENGHASILAN 283.160 155.270 INCOME BEFORE INCOME TAX EXPENSE
Beban pajak penghasilan (57.270) (32.345) Income tax expense
LABA TAHUN BERJALAN 225.890
- 122.925
- NET INCOME FOR THE YEAR
* Tidak diaudit *Unaudited
135
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 646
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. SEGMEN OPERASI 47. OPERATING SEGMENT
Perseroan mengelola kegiatan usahanya dan The Company manages its business activities and identifies
mengidentifikasi segmen yang dilaporkan berdasarkan its reported segments based on product categories and
jenis produk dan wilayah geografis. Laba atau rugi dari geographic area. Profit or loss from each segment is used to
masing-masing segmen digunakan untuk menilai kinerja measure performance of each segments’ information
masing-masing segmen. Informasi yang berkaitan dengan concerning the main segments are set out as follows:
segmen usaha utama disajikan sebagai berikut:
2023 -
Barang durable
dan lainnya/
Sepeda motor/ Mobil/ Durable goods Jumlah/
Motorcycles
- Cars - and others- Total -
Pendapatan pembiayaan Consumer financing
konsumen 2.883.357 1.873.156 1.285.263 6.041.776 income
Marjin murabahah 883.341 567.488 32.031 1.482.860 Murabahah margin
Pendapatan sewa pembiayaan 511 50.859 96.492 147.862 Finance leases income
Beban bunga dan keuangan (360.394) (471.353) (137.862) (969.609) Interest expenses and financing
Bagi hasil sukuk mudharabah (13.546) (15.882) (555) (29.983) Revenue sharing for mudharabah bonds
Laba tahun berjalan 1.613.197 942.840 705.235 3.261.272 Income for the year
Penyisihan kerugian penurunan nilai Provision for impairment losses
Pembiayaan konsumen (745.078) (305.772) (164.336) (1.215.186) Consumer financing
Pembiayaan murabahah (191.017) (208.586) (13.609) (413.212) Murabahah financing
Sewa pembiayaan (75) (5.467) (13.714) (19.256) Finance leases
Aset 10.962.683 12.888.111 3.880.479 27.731.273 Assets
Liabilitas 6.755.215 7.924.202 2.473.001 17.152.418 Liabilities
2022 -
Barang durable
dan lainnya/
Sepeda motor/ Mobil/ Durable goods Jumlah/
Motorcycles
- Cars - and others- Total -
Pendapatan pembiayaan Consumer financing
konsumen 2.456.418 1.920.593 996.663 5.373.674 income
Marjin murabahah 687.874 475.081 32.208 1.195.163 Murabahah margin
Pendapatan sewa pembiayaan 651 39.657 27.912 68.220 Finance leases income
Beban bunga dan keuangan (243.091) (360.587) (82.266) (685.944) Interest expenses and financing
Bagi hasil sukuk mudharabah (12.421) (15.959) (760) (29.140) Revenue sharing for mudharabah bonds
Laba tahun berjalan 1.442.149 1.057.905 426.295 2.926.349 Income for the year
Penyisihan kerugian penurunan nilai Provision for impairment losses
Pembiayaan konsumen (473.838) (372.894) (144.052) (990.784) Consumer financing
Pembiayaan murabahah (129.635) (90.989) (6.629) (227.253) Murabahah financing
Sewa pembiayaan (30) (14.234) (23.369) (37.633) Finance leases
Aset 7.701.470 11.537.844 3.006.607 22.245.921 Assets
Liabilitas 4.014.830 6.140.560 1.724.618 11.880.008 Liabilities
* Tidak diaudit *Unaudited
136
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2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 647
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. SEGMEN OPERASI (lanjutan) 47. OPERATING SEGMENT (continued)
Berikut adalah informasi yang berkaitan dengan segmen usaha utama The following tables present information concerning the main segments based on
berdasarkan wilayah geografis: geographic area:
2023 -
Bali dan
Nusa Tenggara/
Jabodetabekser/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ Sumatera/ Kalimantan/ Sulawesi/ Bali and Jumlah/
Jabodetabekser
- West Java
- Central Java
- East Java
- Sumatera
- Kalimantan
- Sulawesi- Nusa Tenggara
- Total -
Pendapatan pembiayaan
konsumen 1.611.009 530.075 471.408 433.340 1.326.876 611.991 677.234 379.843 6.041.776 Consumer financing income
Marjin murabahah 249.750 119.192 110.902 128.606 334.301 59.242 463.858 17.009 1.482.860 Murabahah margin
Pendapatan sewa
pembiayaan 80.119 4.849 3.662 8.017 34.981 7.084 7.170 1.980 147.862 Finance leases income
Beban bunga dan Interest expenses and
keuangan (222.363) (60.164) (67.631) (76.449) (227.581) (85.777) (173.290) (56.354) (969.609) financing charges
Bagi hasil sukuk Revenue sharing for
mudharabah (5.045) (2.325) (2.071) (2.651) (5.352) (819) (11.427) (293) (29.983) mudharabah bonds
Beban penyusutan (2.113) (2.092) (1.845) (1.450) (3.264) (1.329) (2.325) (843) (15.261) Depreciation expenses
Laba tahun berjalan 978.601 273.513 243.856 190.865 684.148 271.048 487.841 189.903 3.319.775 Income for the year
Pemulihan/(penyisihan) Reversal/(provision) for
kerugian penurunan nilai impairment losses
Pembiayaan konsumen (317.811) (122.545) (116.129) (100.990) (282.154) (111.903) (96.927) (66.727) (1.215.186) Consumer financing
Pembiayaan murabahah (64.213) (44.976) (26.191) (43.483) (73.198) (11.298) (143.113) (6.740) (413.212) Murabahah financing
Sewa pembiayaan (5.703) (1.764) (2.763) 105 (8.835) 1.436 (1.708) (24) (19.256) Finance leases
Aset 7.243.154 1.952.529 2.059.675 2.143.270 6.100.051 2.357.937 4.480.566 1.680.182 28.017.364 Assets
Liabilitas 4.496.207 1.193.095 1.258.205 1.317.661 3.767.421 1.475.924 2.642.954 1.044.538 17.196.005 Liabilities
*Tidak diaudit *Unaudited
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
137
643
Page 648
644
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. SEGMEN OPERASI (lanjutan) 47. OPERATING SEGMENT (continued)
Berikut adalah informasi yang berkaitan dengan segmen usaha utama The following tables present information concerning the main segments based on
berdasarkan wilayah geografis: (lanjutan) geographic area: (continued)
2022 -
Bali dan
Nusa Tenggara/
Jabodetabekser/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ Sumatera/ Kalimantan/ Sulawesi/ Bali and Jumlah/
Jabodetabekser West Java Central Java East Java Sumatera Kalimantan Nusa Tenggara
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
- - - - - - Sulawesi- - Total -
Pendapatan pembiayaan
konsumen 1.384.480 482.956 425.672 405.940 1.186.065 523.871 697.590 267.100 5.373.674 Consumer financing income
Marjin murabahah 211.198 107.778 82.804 109.847 247.453 21.143 403.472 11.468 1.195.163 Murabahah margin
Pendapatan sewa
pembiayaan 32.607 2.111 879 11.046 12.904 2.499 4.474 1.700 68.220 Finance leases income
Beban bunga dan Interest expenses and
keuangan (130.494) (43.061) (45.973) (58.916) (163.448) (62.416) (147.991) (33.645) (685.944) financing charges
Bagi hasil sukuk Revenue sharing for
mudharabah (3.485) (2.062) (1.589) (2.793) (5.250) (712) (13.021) (228) (29.140) mudharabah bonds
Beban penyusutan (3.559) (2.858) (2.589) (2.137) (4.728) (1.867) (3.332) (1.202) (22.272) Depreciation expenses
Laba tahun berjalan 880.093 285.373 237.664 168.375 578.109 224.807 469.509 115.493 2.959.423 Income for the year
Pemulihan/(penyisihan) Reversal/(provision) for
kerugian penurunan nilai impairment losses
Pembiayaan konsumen (191.366) (84.729) (78.880) (110.726) (232.703) (68.271) (162.386) (61.723) (990.784) Consumer financing
Pembiayaan murabahah (44.399) (22.437) (14.308) (31.239) (26.407) (3.156) (80.134) (5.173) (227.253) Murabahah financing
Sewa pembiayaan (34.274) (751) (100) 5.550 (3.312) (3.503) (838) (405) (37.633) Finance leases
Aset 4.812.093 1.303.902 1.517.352 1.786.298 5.328.256 1.967.363 4.575.208 1.179.319 22.469.791 Assets
Liabilitas 2.665.410 711.346 791.386 939.407 2.856.853 1.046.711 2.245.073 654.467 11.910.653 Liabilities
*Tidak diaudit *Unaudited
138
Page 649
PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. SEGMEN OPERASI (lanjutan) 47. OPERATING SEGMENT (continued)
Berikut adalah rekonsiliasi laba neto, aset dan liabilitas The reconciliation of net income, assets and liabilities for
untuk segmen dilaporkan berdasarkan jenis produk: reportable segments based on product categories as
follows:
2023 - 2022 -
Laba untuk segmen dilaporkan 3.261.272 2.926.349 Income for reportable segments
Jumlah yang tidak dialokasikan (1.317.225) (1.320.794) Unallocated amounts
Laba tahun berjalan 1.944.047
- 1.605.555
- Income for the year
Aset untuk segmen dilaporkan 27.731.273 22.245.921 Assets for reportable segments
Jumlah yang tidak dialokasikan 3.275.949 2.651.284 Unallocated amounts
Aset 31.007.222
- 24.897.205
- Assets
Liabilitas untuk segmen dilaporkan 17.152.418 11.880.008 Liabilities for reportable segments
Jumlah yang tidak dialokasikan 2.742.618 2.984.811 Unallocated amounts
Liabilitas 19.895.036
- 14.864.819
- Liabilities
Berikut adalah rekonsiliasi laba neto, aset dan liabilitas The reconciliation of net income, assets and liabilities for
untuk segmen dilaporkan berdasarkan wilayah geografis: reportable segments based on geographic area as follows:
2023 - 2022 -
Laba untuk segmen dilaporkan 3.319.775 2.959.423 Income for reportable segments
Jumlah yang tidak dialokasikan (1.375.728) (1.353.868) Unallocated amounts
Laba tahun berjalan 1.944.047
1 1.605.555
1 Income for the year
Aset untuk segmen dilaporkan 28.017.364 22.469.791 Assets for reportable segments
Jumlah yang tidak dialokasikan 2.989.858 2.427.414 Unallocated amounts
Aset 31.007.222
1 24.897.205
1 Assets
Liabilitas untuk segmen dilaporkan 17.196.005 11.910.653 Liabilities for reportable segments
Jumlah yang tidak dialokasikan 2.699.031 2.954.166 Unallocated amounts
Liabilitas 19.895.036
1 14.864.819
1 Liabilities
48. SALING HAPUS 48. OFFSETTING
Pada tanggal 31 Desember 2023 dan 2022, tidak terdapat As of 31 December 2023 and 2022, there is no financial
aset dan liabilitas keuangan yang saling hapus pada assets and liabilities that are subject to offsetting in the
laporan posisi keuangan. statements of financial position.
Perseroan memiliki pinjaman dan surat berharga yang The Company has borrowing and securities issued
diterbitkan yang dijamin dengan fidusia atas piutang collaterised by fiduciary of consumer and murabahah
pembiayaan konsumen dan murabahah (lihat Catatan 5 financing receivable (see Notes 5 and 6), which are
dan 6), yang menjadi subyek untuk memenuhi netting subject to enforceable netting arrangements and similar
arrangements dan perjanjian serupa, yang tidak saling agreements, that are not set off in the statements of
hapus pada laporan posisi keuangan. financial position.
*Tidak diaudit *Unaudited
139
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
Pada tanggal 31 Desember 2023 dan 2022, As of 31 December 2023 and 2022,
untuk tahun-tahun yang berakhir pada tanggal tersebut for the years then ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. SALING HAPUS (lanjutan) 48. OFFSETTING (continued)
Perseroan memiliki aset dan liabilitas keuangan derivatif The Company has derivative assets and liabilities that are
yang tunduk pada perjanjian induk untuk menyelesaikan subject to enforceable master netting arrangements
secara neto, dimana perjanjian antara Perseroan dan pihak whereas the agreement between the Company and the
counterparty memperbolehkan penyelesaian neto atas aset counterparty allows for net settlement of the relevant
dan liabilitas keuangan tersebut ketika kedua pihak memilih financial assets and liabilities when both elect to settle on
untuk menyelesaikan dengan dasar neto. Ketika kedua a net basis. Otherwise, financial assets and liabilities will
pihak tidak memilih untuk menyelesaikan secara neto, aset be settled on a gross basis. However, each party to the
dan liabilitas keuangan diselesaikan dengan dasar bruto, master netting agreement will have the option to settle
akan tetapi masing-masing pihak dalam perjanjian induk such amount on a net basis in the event of default of the
mempunyai opsi untuk menyelesaikan jumlah-jumlah other party.
tersebut dengan dasar neto pada peristiwa di mana terjadi
gagal bayar salah satu pihak.
49. STANDAR AKUNTANSI YANG TELAH DISAHKAN 49. ACCOUNTING STANDARD ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF EFFECTIVE
Dewan Standar Akuntansi Keuangan (DSAK) telah Financial Accounting Standards Board (DSAK) has issued
menerbitkan standar baru, amandemen dan interpretasi the following new standards, amendments and
berikut, namun belum berlaku efektif untuk tahun buku interpretations, but not yet effective for the financial year
yang dimulai pada 1 Januari 2023 sebagai berikut: beginning 1 January 2023 as follows:
• Revisi atas PSAK 109 "Akuntansi Zakat, Infak, dan • Revision on SFAS 109 “Zakat, Infak and Sedekah
Sedekah" Accounting"
• Revisi atas PSAK 101 "Penyajian Laporan Keuangan • Revision on SFAS 101 “Presentation of Sharia
Syariah" Financial Statement"
• Amandemen PSAK 1 "Penyajian Laporan • Amendment to SFAS 1 "Presentation of Financial
Keuangan" Statement"
• Amendemen PSAK 73 "Sewa" • Amendment to SFAS 73 "Lease"
• Amendemen PSAK 2 "Laporan Arus Kas " • Amendment to SFAS 2 "Statement of Cash Flows"
• Amandemen PSAK 60 "Instrumen Keuangan: • Amendment to SFAS 60 "Financial Instruments:
Pengungkapan" Disclosures"
Standar tersebut akan berlaku efektif pada 1 Januari 2024. The above standards will be effective on
1 January 2024.
• PSAK 74 "Kontrak Asuransi" • SFAS 74 "Insurance Contracts"
• PSAK 10 "Pengaruh Perubahan Kurs Valuta Asing" • SFAS 10 "Effect of Changes in Foreign Exchange
Rates”
Standar tersebut akan berlaku efektif pada 1 Januari 2025. The above standards will be effective on 1 January 2025.
Pada saat penerbitan laporan keuangan Perseroan masih As at the authorisation date of these financial statements,
mengevaluasi dampak yang mungkin timbul dari penerapan the Company is still evaluating the potential impact of these
standar baru dan revisi tersebut pada laporan keuangan new and revised standards to the Company’s financial
Perseroan. statements.
50. PERIKATAN PENTING 50. SIGNIFICANT AGREEMENT
Perseroan akan melakukan investasi pernyertaan modal The Company will invest in equity shares of PT Mandala
saham pada PT Mandala Multifinance Tbk ("PT MFIN") Multifinance Tbk ("PT MFIN") that is expected to be
yang diperkirakan akan diselesaikan pada awal 2024 completed in early 2024 depending on several conditional
tergantung dari beberapa kondisi bersyarat dan persetujuan requirements and approval from related regulators. On
dari regulator terkait. Pada tanggal 23 Juni 2023, Perseroan 23 June 2023, the Company has signed a conditional sale
telah menandatangani suatu perjanjian jual beli bersyarat and purchase agreement in connection with acquisition of
10% (ten percent) of all shares issued by PT MFIN with the
sehubungan dengan pengambilalihan 10% (sepuluh
transaction price of Rp873,700.
persen) dari seluruh saham yang dikeluarkan PT MFIN
dengan nilai transaksi sebesar Rp873.700.
*Tidak diaudit *Unaudited
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PT ADIRA DINAMIKA MULTI FINANCE Tbk
INFORMASI KEUANGAN TAMBAHAN SUPPLEMENTARY FINANCIAL INFORMATION
RASIO-RASIO KEUANGAN OTORITAS FINANCIAL RATIOS OF FINANCIAL
JASA KEUANGAN (TIDAK DIAUDIT) SERVICES AUTHORITY (UNAUDITED)
31 Desember 2023 dan 2022 31 December 2023 and 2022
INFORMASI KEUANGAN TAMBAHAN – RASIO - RASIO SUPPLEMENTARY FINANCIAL INFORMATION –
KEUANGAN OTORITAS JASA KEUANGAN FINANCIAL RATIOS OF FINANCIAL SERVICES
AUTHORITY
Berdasarkan POJK No. 35/POJK.05/2018 tanggal Based on POJK No. 35/POJK.05/2018 dated
27 Desember 2018 tentang Penyelenggaraan Usaha 27 December 2018 regarding the Business Operation of
Perusahaan Pembiayaan, Perseroan diharuskan untuk Financing Company, the Company is required to comply with
memenuhi sejumlah rasio keuangan tertentu. Rasio-rasio ini several financial ratios. These ratios have been prepared by
dibuat oleh Perseroan berdasarkan formula sebagaimana the Company based on the formula as prescribed in the said
ditentukan dalam peraturan OJK untuk tujuan kepatuhan OJK regulation for regulatory compliance purposes, where
terhadap peraturan, dimana rasio tersebut dapat berbeda jika such ratios may differ had the ratios been computed based on
rasio tersebut dihitung berdasarkan standar akuntansi Indonesian financial accounting standards.
keuangan Indonesia.
Berikut ini adalah rasio-rasio keuangan berdasarkan Peraturan The following are the financial ratios based on OJK Regulation:
OJK:
2023 2022
Financing to asset ratio 89,16% 88,99% Financing to asset ratio
Rasio saldo piutang pembiayaan neto terhadap
total pendanaan yang diterima 172,17% 210,74% Net financing receivables to funding ratio
Rasio saldo piutang pembiayaan untuk
pembiayaan investasi dan modal kerja Financing receivables for investment and working
dibandingkan dengan total saldo piutang capital financing to total financing receivables ratio
pembiayaan 23,84% 24,00%
Rasio piutang pembiayaan bermasalah (NPF) 0,49% 0,04% Non-performing financing (NPF) ratio
Rasio permodalan 45,01% 50,73% Capital ratio
Gearing ratio 1,50x 1,05x Gearing ratio
Rasio ekuitas terhadap modal disetor 11.112% 10.032% Equity to paid up capital ratio
*Tidak diaudit *Unaudited
141
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SEOJK REFERENCE
NO. 16/SEOJK.04/2021:
Annual Report of Public Company
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners √
accountability in managing and supervising issuers or public companies within a period of 1
(one) fiscal year to the general meeting of shareholders prepared based on the provisions of
the Financial Services Authority Regulation concerning the Annual Report of issuers or public
companies
b. Issuers are parties who make public offerings √
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) √
shareholders and has a paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah)
or a number of shareholders and paid-up capital as determined by the Financial Services
Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a √
Publically- listed Company
e. A Sustainability Report is a report published to the public that contains the economic, √
financial, social, and environmental performance of a financial service institution, Issuer, and
Public Company in running a sustainable business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board √
of Directors as referred to in the Financial Services Authority Regulation concerning the
Board of Directors and Board of Commissioners of an Issuer or Public Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability √
company, it is the body that carries out the management of the legal entity as referred to
in the laws and regulations concerning the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of √
Commissioners as referred to in the Financial Services Authority Regulation concerning
the Board of Directors and Board of Commissioners of an Issuer or Public Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability √
company, it is the body that supervises the legal entity as referred to in the laws and
regulations concerning the legal entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS √
as referred to in the Financial Services Authority Regulation concerning the Planning
and Organizing of the General Meeting of Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability √
company, it is the body that has authority that is not given to any other body that carries
out management and supervisory functions, within the limits specified in the legislation
and/or articles of association governing the legal entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for √
investors or shareholders as one of the basic considerations in making investment decisions and a
means of supervision of Issuers or Public Companies.
3. Along with the development of the capital market and the increasing need for information √
disclosure by investors or shareholders, the Board of Directors and the Board of Commissioners are
required to present quality, accurate, and accountable information through the Annual Reports of
Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors √
or shareholders and stakeholders in obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must √
be applied in preparing Annual Reports and Sustainability Reports.
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy.. √
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in √
A4 size, bound and can be reproduced in good quality.
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Description Page
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 understand.
4. The Annual Report presented in electronic document format is the Annual Report converted into √
pdf format.
III. Content Of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 10-13
b. Stock information (if any); 14-16
c. The Board of Directors report; 47-57
d. The Board of Commissioners report; 37-43
e. Profile of Issuer or Public Company; 65-139
f. Management discussion and analysis; 148-233
g. Corporate governance applied by the Issuer or Public Company; 237-427
h. Corporate social and environmental responsibility of the Issuer or Public Company; 431-475
i. Audited annual report; and 498-649
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible 60-61
for the Annual Report;
2. Description of Content of Annual Report
a. Summary of Key Financial Information 10-13
Summary of Key Financial Information contains financial information presented in comparison
with previous 3 (three) fiscal years or since commencement of business if the Issuers or the
Public Company commencing the business less than 3 (three) years, at least contain:
1) income/sales;
2) gross profit; 12
3) profit (loss); 12
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling 12
interest;
5) total comprehensive profit (loss); 12
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and 12
non controlling interest;
7) earning (loss) per share; 12
8) total assets; 11
9) total liabilities; 11
10) total equities; 11
11) profit (loss) to total assets ratio; 13
12) profit (loss) to equities ratio; 13
13) profit (loss) to income ratio; 13
14) current ratio; 13
15) liabilities to equities ratio; 13
16) liabilities to total assets ratio; and 13
17) other information and financial ratios relevant to the Issuer or Public Company and type 13
of industry;
b. Stock Information
Stock Information (if any) at least contains: 14-16
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least 14-15
covering:
a) number of outstanding shares; 14-15
b) market capitalization based on the price at the Stock Exchange where the shares 14-15
listed on;
c) highest share price, lowest share price, closing share price at the Stock Exchange 14-15
where the shares listed on; and
d) share volume at the Stock Exchange where the shares listed on; 14-15
Information in point a) should be disclosed by the Issuer, the public company whose 14-15
shares is listed or not listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public 14-15
company whose shares is listed in the Stock Exchange;
2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus 16
share, and change in par value of shares, then the share price referred to in point 1),
should be added with explanation on:
a) date of corporate action;
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b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of
shares;
c) number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading 16
during the year under review, then the Issuers or Public Company should provide
explanation on the reason for the suspension and/or delisting; and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in 16
effect until the date of the Annual Report, then the Issuer or the Public Company should
also explain the corporate actions taken by the company in resolving the suspension
and/or delisting;
c. The Board of Directors Report 47-57
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company;
b) Role of the Board of Directors in formulating strategies and strategic policies of 48
Issuers or Public Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the 49
Issuer’s or Public Company’s strategy;
d) comparison between achievement of results and targets; and 49
e) challenges faced by the Issuer or Public Company; 52
2) description on business prospects; 47-48
3) implementation of good corporate governance by Issuer or Public Company; and 52-53
4) changes in the composition of the Board of Directors and the reason behind (if any); 54
d. The Board of Commissioners Report 56-57
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the 37-43
Public Company;
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 38-39
3) View on the business prospects of the Issuer or Public Company as established by the 39-40
Board of Directors;
4) View on the implementation of the corporate governance by the Issuer or Public 40
Company;
5) Changes in the composition of the Board of Commissioners and the reason behind (if 43
any); and
e. Profile of the Issuer or Public Company 41
Profile of the Issuer or Public Company should cover at least: 43
1) Name of Issuer or Public Company, including change of name, reason of change, and the 65
effective date of the change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, 65
where public can have access of information of the Issuer or Public Company, which
include:
a) Address;
b) Telephone number;
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 68-71
4) Vision and mission of the Issuer or Public Company; 76-77
5) Line of business according to the latest Articles of Association, and types of products and/ 72
or services produced;
6) Operational area of the Issuer or Public Company 479
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) 74-75
level below the Board of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale 73
related to the implementation of sustainable finance;
9) The Board of Directors profiles include: 99-104
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
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d) Citizenship;
e) Education;
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said
Issuer or Public Company;
(2) Dual position, as member of the Board of Directors, member of the Board of
Commissioners, and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) 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
h) 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;
10) The Board of Commissioners profiles, at least include: 82-87
a) Name;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners
who is not Independent Commissioner at the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of
Commissioners who also Independent Commissioner at the said Issuer or
Public Company;
(3) Dual position; as member of the Board of Commissioners, member of the Board of
Directors, and/or member of committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) 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;
h) Statement of independence of Independent Commissioner in the event that the
Independent Commissioner has been appointed more than 2 (two) periods (if any);
i) 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;
11) In the event that there were changes in the composition of the Board of Commissioners 124
and/or the Board of Directors occurring between the period after year-end until the date
the Annual Report submitted, then the last and the previous composition of the Board
of Commissioners and/or the Board of Directors shall be stated in the Annual Report;
12) Number of employees by gender, position, age, education level, and employment status 125-126
(permanent/contracted) in the fiscal year; Disclosure of information can be presented in
tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including: 127-128
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company;
b) Commissioners and Directors who own shares of the Issuers or Public Company;
and
c) Groups of public shareholders, or groups of shareholders, each with less than 5%
(five percent) ownership shares of the Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by 128
members of the Board of Directors and members of the Board of Commissioners at the
beginning and end of the fiscal year, including information on shareholders registered in
the shareholder register for the benefit of indirect ownership of members of the Board of
Directors and members of the Board of Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based 128
on:
a) Ownership of local institutions;
b) Ownership of foreign institutions;
c) Ownership of local individual; and
d) Ownership of foreign individual;
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16) Information on major shareholders and controlling shareholders the Issuers of Public 127
Company, directly or indirectly, and also individual shareholder, presented in the form of
scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public 133
Company, with entity, percentage of stock ownership, line of business, total assets and
operating status of the Issuers of Public Company (if any);
For subsidiaries, include the addresses of the said subsidiaries;
18) Chronology of share listing, number of shares, par value, and bid price from the beginning 129-131
of listing up to the end of the financial year, and name of Stock Exchange where the
Issuers of Public Company shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), 132
which have not yet matured in the fiscal year, at least contain the name of the securities,
year of issue, interest rate/yield, maturity date, offering value, and securities rating (if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) 135
services and their networks/associations/alliances include:
a) name and address;
b) period of assignment;
c) informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
e) 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
21) Name and address of capital market supporting institutions and/or professionals other 136
than AP and KAP
f. Management Discussion and Analysis 148-233
Management Analysis and Discussion Annual should contain discussion and analysis on
financial statements and other material information emphasizing material changes that
occurred during the year under review, at least including:
1) Operational review per business segment, according to the type of industry of the Issuer 150-162
or Public Company including:
a) Production, including process, capacity, and growth;
b) Income/sales; and
c) Profitability;
2) comprehensive financial performance analysis which includes a comparison between 197-212
the financial performance of the last 2 (two) fiscal years, and explanation on the causes
and effects of such changes, among others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities;
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive
revenues, and total comprehensive profit (loss); and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 213-215
4) Accounts receivable collectability of the Issuer or Public Company, including the 215-216
computation of the relevant ratios;
5) Capital structure and management policies concerning capital structure, including the 215-217
basis for determining the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation 217
on at least:
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related
foreign currency against risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at 217
least include:
a) Type of investment of capital goods;
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report 218
(if any);
9) Information on the prospects of the Issuer or the Company in connection with 230-233
industry,economy in general, accompanied with supporting quantitative data if there is
a reliable data source;
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10) Comparison between target/projection at beginning of year and result (realization), 218
concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
11) Target/projection at most for the next one year of the Issuer or Public Company, 219
concerning:
a) Income/sales;
b) Profit (loss);
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public 164-168
Company, among others marketing strategy and market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least: 219-220, 380
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash
dividend;
c) Amount of cash per share (cash and/or non cash); and
d) Amount of dividend per year paid;
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.
14) Use of proceeds from Public Offerings, under the condition of: 220-221
a) during the year under review, on which the Issuer has the obligation to report the
realization of the use of proceeds, then the realization of the cumulative use of
proceeds until the year end should be disclosed; and
b) In the event that there were changes in the use of proceeds as stipulated in the
Regulation of the Financial Services Authority on the Report of the Utilization of
Proceeds from Public Offering, then Issuer should explain the said changes;
15) Material information (if any), among others concerning investment, expansion, 221-222
divestment, acquisition, debt/capital restructuring, transactions with related parties and
transactions with conflict of interest that occurred during the year under review, among
others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the
information as referred to in letter a) to letter e), the Issuer or Public Company also
discloses information:
1) 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 accordance with generally accepted business practices, by
complying with the arms-length principle; and
2) 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 accordance with generally accepted business practices, by complying with
the arms-length principle;
g) 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;
h) For disclosure of affiliated transactions and/or conflict of interest transactions
resulting from the implementation of affiliated transactions and/or conflict of
interest transactions that have been approved by independent shareholders,
additional information regarding the date of the GMS which approved the affiliated
transactions and/or conflict of interest transactions is added;
i) In the event that there is no affiliated transaction and/or conflict of interest
transaction, then this shall be disclosed;
653
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16) Changes in regulation which have a significant effect on the Issuer or Public Company 223
and impacts on the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if 224
any);
g. Corporate Governance of the Issuer or Public Company
Corporate Governance of the Issuer or Public Company contains at least: 237-427
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year 242-268
prior to the fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year
realized in the fiscal year; and
2) 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;
b) 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;
2) The Board of Directors, covering: 280-293
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) 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 attendance of members of the Board of Directors in the meeting
including attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) 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
(2) Training and/or competency improvement attended by members of the
Board of Directors in the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that
support the implementation of the Board of Directors’ duties for the fiscal year
shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are
competence and attendance at meetings; and
f) 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.
3) The Board of Commissioners, among others include: 269-279
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioner has already have the board manual or
charter;
c) 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 attendance of members of the Board of Commissioners in these
meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) 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
(2) Competency training and/or development attended by members of the Board of
Commissioners in the fiscal year (if any);
e) The assessment on the performance of the Board of Directors and Board of
Commissioners and the implementation, at least covering:
(1) procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year,
competency and attendance at meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that
support the implementation of the duties of the Board of Commissioners in the
fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency
and attendance at meetings;
654
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4) The nomination and remuneration of the Board of Directors and the Board of 270, 281-282
Commissioners shall at least contain: 311-314
a) 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
Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and
the Board of Commissioners, among others:
(1) Procedures for determining remuneration for the Board of Directors and the
Board of Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of
Commissioners such as salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and
member of the Board of Commissioners
5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on 105-107
sharia law, as stipulated in the articles of association, at least containing: 413-416
a) name;
b) Legal basis for the appointment of the sharia supervisory board;
c) Period of assignment of the sharia supervisory board;
d) duty and responsibility of Sharia Supervisory Board; and
e) frequency and procedure in providing advice and suggestion, as well as the
compliance of Sharia Principles by the Issuer or Public Company in the Capital
Market;
6) Audit Committee, among others covering: 88-90
315-321
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of
Directors, and/or member of committee, and other position (if any); and
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal
year (if any);
i) Policies and implementation of the frequency of audit committee meetings and
the level of attendance of audit committee members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with
the Audit Committee Charter;
7) The nomination and remuneration committee or function of the Issuer or Public 94-96
Company, at least containing: 328-332
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history;
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) 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
(3) Work experience and period of time both inside and outside the Issuer or
Public Company;
f) Period and term of office of the committee members;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal
year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of
attendance of members at the meeting;
655
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Description Page
l) Brief description of the implementation of activities in the fiscal year; and
m) 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:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
8) Other committees owned by Issuers or Public Companies in order to support the functions and 91-93, 97-98
tasks of the Board of Directors (if any) and / or committees that support the functions and duties 322-327, 333-336
of the Board of Commissioners, the least contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of
Directors, and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal
year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the
level of attendance of committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including: 337-338
a) name;
b) domicile;
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and
(2) working experience and period in and outside the Issuer or Public Company;
d) education background;
e) education and/or training during the year under review; and
f) brief description on the implementation of duties of the Corporate Secretary in the
year under review;
10) Internal Audit Unit, among others including: 339-344
a) Name of Head of Internal Audit Unit;
b) History of position, including:
(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any);
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter;
and
h) Brief description of the duties implementation of the internal audit unit in the financial
year, including the policy and implementation of the meeting frequency with the Board of
Directors, the Board of Commissioners, and/or audit committee;
11) Description on internal control system adopted by the Issuer or Public Company, at least 349-351
covering:
a) Financial and operational control, and compliance to the other prevailing rules; and
b) Review on the effectiveness of internal control systems;
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the
internal control system;
656
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Description Page
12) Risk management system implemented by the company, at least includes: 356-379
a) General description about the company’s risk management system the Issuer or
Public Company;
b) Types of risk and the management; and
c) Review the effectiveness of the risk management system applied by the Issuer or
Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit
committee on the adequacy of the risk management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, 397-405
members of the Board of Directors and members of the Board of Commissioners (if any),
at least contain:
a) Substance of the case/claim;
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, 405
members of the Board of Commissioners and the Board of Directors, by the Capital
Market Authority and other authorities during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes: 384-389
a) Key points of the code of conduct;
b) Socialization of the code of conduct and enforcement; and
c) Statement that the code of conduct is applicable for the Board of Commissioners,
the Board of Directors, and employees of the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation 220
to management and/or employees owned by the Issuer or Public Company (if any),
including the management stock ownership program (MSOP) and/or program employee
stock ownership (ESOP);
a) Number of shares and/or options;
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding: 274, 290
a) Share ownership of members of the Board of Directors and members of the Board
of Commissioners no later than 3 (three) working days after the occurrence of
ownership or any change in ownership of shares of a Public Company; and
b) Implementation of the policy;
18) Description of whistleblowing system at the Issuer or Public Company (if any), among 390-392
others include:
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least 390
containing:
a) Programs and procedures implemented in overcoming corrupt practices,
kickbacks, fraud, bribery and/or gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for 406-411
Issuer issuing Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or
b) description of recommendation that have not been implemented, along with the
reason and alternatives of implementation (if any);
657
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
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Description Page
h. Social and Environmental Responsibility of the Issuer or Public Company 431-475
1) The information disclosed in the social and environmental responsibility section is
a Sustainability Report as referred to in the Financial Services Authority Regulation
Number 51/POJK.03/2017 concerning the Implementation of Sustainable Finance for
Financial Services Institutions, Issuers, and Public Companies, at at least includes:
a) Explanation of the sustainability strategy;
b) Overview of sustainability aspects (economic, social, and environmental);
c) Brief profile of the Issuer or Public Company;
d) Explanation of the Board of Directors;
e) Sustainability governance;
f) Sustainability performance;
g) Written verification from an independent party, if any;
h) Feedback sheet for readers, if any; and
i) The response of the Issuer or Public Company to the previous year’s report
feedback;
2) The Sustainability Report as referred to in number 1) must be prepared in accordance 431-475
with the Technical Guidelines for the Preparation of a Sustainability Report for Issuers
and Public Companies as contained in Appendix II which is an integral part of this
Financial Services Authority Circular Letter;
3) Information on the Sustainability Report in number 1) can: 431-475
a) 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
b) 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;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual
Report but can be presented separately from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual
Report, the information disclosed in the Sustainability Report must:
a) Contains all the information as referred to in number 1); and
b) 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;
6) In the event that the Sustainability Report is presented separately from the Annual
Report, then the Social and Environmental Responsibility section contains information
that information on Social and Environmental Responsibility has been disclosed in the
Sustainability Report which is presented separately from the Annual Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual
Report must be submitted together with the Annual Report.
i Audited Annual Financial Statement 498-649
Financial Statements included in Annual Report should be prepared in accordance with the
Financial Accounting Standards in Indonesia and audited by an Accountant. The said financial
statement should be included with statement of responsibility for financial report as stipulated
in the legislations in the Capital Markets sector governing the responsibility of the Board of
Directors on the financial report or the legislations in the Capital Markets sector governing
the periodic reports of securities company in the event the Issuer is a Securities Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the 60-61
Responsibility for Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the
responsibility for Annual Reporting should be prepared according to the format of letter of
statement of member of Board of Directors and the Board of Commissioners regarding the
responsibility for Annual Reporting as attached in the Attachment, which is an integral part of
this Circulation Letter of the Financial Services Authority.
658
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 663
LIST OF DISCLOSURE BASED ON POJK
NO.51/POJK.03/2017 & GRI STANDARDS
WITH REFERENCE INDEX
CORE OPTION [SEOJK G.4]
No. Index Index Name Page
Sustainability Strategy
A.1 Explanation on Sustainability Strategies 435
Overview of Sustainability Aspects Performance
B.1 Economy Aspects 23
B.2 Environmental Aspects 23
B.3 Social Aspects 23
Company Profile
C.1 Vission, Mission, Sustainable Values 77
C.2 Company Address 65
[GRI 2-1]
GRI 2-2 Entities included in the organization’s sustainability reporting 443
GRI 2-3 Reporting period, frequency and contact point 65; 441; 443
C.3 Business Scale: 65; 79; 125; 134;
[GRI 2-1] a. Total assets or assets capitalizationm and total liabilities; 454
[GRI 2-7] b. Total employee based on gender, position, age, education and employment
[GRI 2-8] status;
c. Percentage of share ownership; and
d. Operational area.
C.4 Product, Service and Business Activities 65; 72
[GRI 2-1]
[GRI 2-6]
C.5 Member Association 73
[GRI 2-28]
C.6 Significant Changes 133; 440; 441
[GRI 2-2]
[GRI 2-4]
Director Explanation
D.1 Director Explanation 37-43; 47-57; 435
[2-22]
Sustainable Corporate Governance
E.1 Person in Charge Responsibility for Sustainable Finance 268; 432; 433; 434;
[GRI 2-14] 438
E.2 Sustainable Finance Competency Development 268; 434
[GRI 2-17]
E.3 Sustainable Finance Risk Assessment Implementation 268; 438
[GRI 2-18]
E.4 Stakeholders Relations 438-439
[GRI 2-29]
E.5 Permasalahan Terhadap Penerapan Keuangan Berkelanjutan
[GRI 2-25]
GENERAL STANDARD DISCLOSURE 2021 [Tata Kelola | Governance]
GRI 2-9 Governance Structure and Composition 241
GRI 2-10 Nomination and selection of the highest governance body 243
GRI 2-11 Chair of the highest governance body 267
659
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 664
No. Index Index Name Page
GRI 2-12 Role of the highest governance body in overseeing the management of impacts. 267; 432; 434
GRI 2-13 Delegation of responsibility for managing impacts 267; 433
GRI 2-15 Conflicts of interest 366
GRI 2-16 Communication of critical concerns 369
GRI 2-19 Remuneration policies 187
GRI 2-20 PProcess to determine remuneration 187
GRI 2-21 Annual total compensation ratio. 209
GENERAL STANDARD DISCLOSURE 2021 [Strategi, kebijakan dan praktik-praktik | Strategy,
policies and practices]
GRI 2-23 Policy commitments 435
GRI 2-24 Embedding policy commitments. 435
GRI 2-26 Mechanisms for seeking advice and raising concerns. 390
GRI 2-27 Compliance with laws and regulations 223
GRI 2-30 Collective bargaining agreements 187
Sustainable Performance
F.1 The Activities of Building a Culture of Sustainability 55; 436-437
GRI 3: Material Topics 2021
GRI 3-1 Process to determine material topics 436-437; 438; 441;
442
GRI 3-2 List of material topics 436-437; 442
Economic Performance
F.2 Comparison of Production Targets and Performance, Portfolio, Financial Targets, or 11
Investment, Revenue and Profit
F.3 Comparison of Portfolio Targets and Performance, Financing Targets, or Investments in 13
Financial Instruments or Projects in Line With the Implementation of Sustainable Finance
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 226
GRI 201: Economic Performance 2016
GRI 201-1 Direct Economic Value Generated and Distributed 227
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 446
GRI 203: Indirect Economic Impact 2016
GRI 203-2 Significant Indirect Economic Impacts 446
GRI 205: Anticorruption
205-1 Operations assessed for risks related to corruption 395
GRI 205-2 Communication and Training About Anti-Corruption Policies and Procedures 394; 396
GRI 205-3 Confirmed incidents of corruption and action taken 396
Environmental Performance
F.4 Environment Cost Incurred 463
Material Aspect
F.5 Use of Environmentally Friendly Materials 461
Aspek Energi
F.6 The Amount and Intensity of Energy Used 462
F.7 Efforts and Achievement of Energy Efficiency Including Use of Renewable Energy Sources 462
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 462
GRI 302: Energy 2016
GRI 302-1 Energy Consumption Within the Organization 462
660
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 665
No. Index Index Name Page
Water Aspect
F.8 Water Used 462
Biodiversity Aspect
F.9 Impacts from Operational Areas Close to or in Conservation Areas or Having Biodiversity Regarding our
operational
areas that are
not adjacent to
conservation
or biodiversity
areas, we remain
committed to
understanding
and respecting
the importance
of maintaining
biodiversity.
While not
directly involved
in conservation
efforts in these
areas, we support
the protection
of flora and
fauna species
through our
environmentally
friendly corporate
policies.
F.10 Biodiversity Conservation Efforts
Emission Aspect
F.11 The Amount and Intensity of Emissions Produced by Type 462
F.12 Efforts and Achievement Emission Reduction Carried Out 462; 463
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 462
GRI 305: Emission 2016
GRI 305-1 Direct GHG Emissions (Scope1) 462
Waste and Effluent Aspect
F.13 The Amount of Waste and Effluent Produced by Type 461
F.14 Mechanism of Waste and Effluent Management 461
F.15 Spills that Occur (if any) -
Environmental Complaint Aspect
F.16 The Amount and Material of Environmental Complaints Received and Resolved -
Social Aspect
F.17 Commitment to Provide Services for Equivalent Products and/or Services to Consumers 467
Employment Aspect
F.18 Equality of Employment Opportunities 182
F.19 Child Labor and Forced Labor 182
F.20 The Regional Minimum Wage 189
F.21 Decent and Safe Working Environment 457
F.22 Training and Capacity Building of Employees 126; 138; 181-182;
[GRI 404-2] 189; 455
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 176; 181
GRI 401: Employment 2016
GRI 401-1 New Employee Hires and Employee Turnover 181-182; 455
Benefits Provided to Full-time Employees That Are Not Provided to Temporary or Part- 188
GRI 401-2
Time Employees
661
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 666
No. Index Index Name Page
GRI 3: Material Topics 2021
GRI 3-3 Management of material topics 452
GRI 403: Occupational Health and Safety 2018
GRI 403-1 Occupational Health and Safety Management System 452
GRI 403-5 Worker Training On Occupational Health and Safety 456
GRI 403-6 Promotion of Worker Health 457
GRI 403-9 Work-related injuries 457
GRI 404: Training & Education 2016
GRI 404-1 Average Hours of Training Per Year Per Employee 184
Percentage of Employees Receiving Regular Performance and Career Development 184
GRI 404-3
Reviews
Society Aspect
F.23 Operational Impacts to the Surrounding Community 444
F.24 Public Complaints 445
F.25 Environmental and Social Responsibility Activities 444; 446
[GRI 413-1]
Responsibilities for Developing Sustainable Products/Services
F.26 Innovation and Development of Sustainable Financial Products and/or Services 471
F.27 Products/Services that have been Evaluated for Safety for Customers 382; 466
F.28 Products/Service Impacts 468
F.29 Number of Products Recalled 468
F.30 Customer Satisfaction Survey of Sustainable Finance and/or Services 466
Lain-lain
G.1 Written Verification from an Independent Party (if any) 496
[GRI 2-5]
G.2 Feedback Form 663-664
G.3 Feedback on Previous Year’s Sustainability Report There is no
feedback
from previous
Sustainability
Report.
G.4 Disclosure List Based on POJK No.51/POJK.03/2017 regarding the Implementation of 659-662
Sustainable Finance for Financial Services Institutions, Listed Companies and Public
Companies
662
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 667
FEEDBACK FORM [SEOJK G.2]
Thank you for your attention and appreciation on our Sustainability Report.
To improve our next report, please let us know what you think about the report by filling in the
questionnaire below, and return this feedback form to us. Your views, and critics are very much welcomed
and appreciated.
No. Statements SA A SD D SD Comment
1 This report contains useful
information on Adira Finance
commitment and its policy
2 This report provides a good
overview on Adira Finance
performance in its pursuit to
reach sustainable development
3 This report is easy to understand
4 The report provides enough detail
of information
5 This report has sufficient
accountability
SA: Strongly Agree A: Agree SD: Somewhat Disagree D: Disagree SD: Strongly Disagree
Most interested information is (are) Least interested information is (are)
a.
b.
c.
Comments on content, design, layout, etc. Any additional comments
a.
b.
c.
663
2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 668
YOUR PROFILE
Name :
Age (obligatory) :
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Please send this form back to us.
PT Adira Dinamika Multi Finance Tbk
Gedung Millennium Centennial Center, Lantai 53-61
Jl. Jend. Sudirman Kav. 25,
Jakarta Selatan 12920, Indonesia
Tel. : (62-21) 3973-3322/3232
Faks. : (62-21) 3973-4949
E-mail : af.corsec@adira.co.id
Website : www.adira.co.id
664
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665 2023 Annual Report PT Adira Dinamika Multi Finance Tbk
Page 670
PT Adira Dinamika Multi Finance Tbk Gedung Millenium Centennial Center, Lantai 53, 56-61 Jl. Jend. Sudirman Kav. 25, Jakarta Selatan 12920 Indonesia Phone : (62-21) 3973-3322/3232, Facsimile : (62-21) 3973-4949 E-mail : af.corsec@adira.co.id Website : www.adira.co.id
Names mentioned 155 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.17 ×13
unresolved
org
Indonesia Stock Exchange
p.18 ×4
unresolved
org
Bank An
p.29
unresolved
org
Bank Indonesia
p.41 ×2
unresolved
org
PT Mandala Finance
p.43
unresolved
org
Ministry of Finance
p.44 ×2
unresolved
person
Yasushi Itagaki’s
· Komisaris Utama
p.47 ×2
unresolved
org
Bank Danamon Funding Activities
p.53
unresolved
org
Bank Danamon Show
p.55
unresolved
person
Misahardi Wilamarta
p.69 ×2
unresolved
org
South Jakarta District Court
p.69 ×2
unresolved
org
Minister of Justice
p.70
unresolved
org
Minister of Finance
p.71 ×2
unresolved
org
Indonesia Tbk.
p.72 ×3
unresolved
org
Bapepam
p.72 ×2
unresolved
org
Profits Limited
p.72
unresolved
org
Minister of Law and Human Rights
p.73 ×2
unresolved
org
Ministry of Law and Human Rights
p.73
unresolved
org
Minister of Law
p.73
unresolved
person
Fathiah Helmi
p.73
unresolved
org
Minister of Justice and Human Rights
p.73
unresolved
org
Finance Tbk
p.73
unresolved
org
Minister of Law and Human Rights Jakarta Regional Office of Industry and Trade
p.73
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org
PT Adira Dinamika
p.73 ×3
unresolved
org
Multi Finance Tbk
p.73
unresolved
person
Mala Mukti
p.73 ×2
unresolved
org
Bank | 2011 | 2017
Danamon Indonesia
p.74
unresolved
org
Danamon Indonesia Tbk
p.74 ×2
unresolved
org
Bank ADMF
p.75
unresolved
org
PT Home Credit Indonesia.
p.75 ×2
unresolved
person
Updated
· Member
p.77 ×3
unresolved
org
Four Multi Finance Tbk
p.77
unresolved
org
Mediasi
p.77
unresolved
org
PT Brilian Indah Gemilang
p.87 ×2
unresolved
org
PT BNI Life Insurance
p.87
unresolved
org
PT Jaya Proteksi Takaful
p.87
unresolved
org
PT Chub Syariah Insurance
p.87
unresolved
org
PT Mahaka Group Audit Committee
p.87
unresolved
org
Deposit Insurance Corporation
p.87
unresolved
org
PT Sanwa BRI Leasing
p.87
unresolved
org
Yayasan Adaro Pembangunan Negeri
p.87
unresolved
org
PT Chub Syariah Insurance Education
p.87
unresolved
org
PT Berdayakan Usaha Indonesia
p.88 ×2
unresolved
org
PT Asuransi Adira Dinamika
p.88
unresolved
org
PT Pemeringkat Efek Indonesia
p.88 ×2
unresolved
org
PT Multinational Finance Corporation
p.88
unresolved
org
ALPS Pte. Ltd
p.89 ×2
unresolved
org
Healthcare Supply Chain Pte. Ltd
p.89 ×2
unresolved
org
TSI Tech Pte. Ltd.
p.89 ×2
unresolved
org
Transmex Systems International Pte. Ltd.
p.89 ×2
unresolved
org
Vanda I Investments Pte. Ltd
p.89
unresolved
org
Frasers Australia Pty. Ltd
p.89
unresolved
org
Children's Hospital Pte. Ltd.
p.89
unresolved
org
Frasers Property Limited
p.89
unresolved
org
Frasers Centrepoint Limited
p.89
unresolved
org
Ezra Holdings Ltd.
p.89
unresolved
org
Non-Executive Director Asia Pacific Breweries Ltd.
p.89
unresolved
org
Hup Soon Global Corp. Ltd.
p.89
unresolved
org
Singapore Health Services Pte. Ltd.
p.89
unresolved
org
Hour Glass Ltd.
p.89
unresolved
org
Non-Executive Director OpenNet Pte. Ltd.
p.89
unresolved
org
Frasers Centrepoint Asset Management Ltd.
p.89
unresolved
org
MCL Land Ltd.
p.89
unresolved
org
Carriage Ltd.
p.89
unresolved
org
Ayudhya Capital Services Co., Ltd.
p.90
unresolved
org
Bank PCL
p.90
unresolved
org
Broadband Multimedia Tbk
p.91 ×2
unresolved
org
Bank Lippo Tbk
p.91 ×8
unresolved
org
Vice President Internal Auditor CT Corporation
p.93
unresolved
org
PT United City Bank
p.93
unresolved
org
Maybank Indonesia Tbk
p.94 ×2
unresolved
org
PT Asuransi Allianz Life Indonesia
p.94
unresolved
org
ABN AMRO Bank N.V.
p.94
unresolved
org
PT ING Barings Indonesia
p.94
unresolved
org
Bank ICB Bumiputera Tbk
p.97 ×2
unresolved
org
Country Head Dow Jones Telerate Pte Ltd
p.97
unresolved
org
Bank PDFCI
p.97
unresolved
org
Tunas Ridean Tbk
p.100 ×2
unresolved
org
PT Heinz ABC Indonesia
p.100
unresolved
org
PT Mattel Indonesia
p.100
unresolved
org
PT Indesso Promatama
p.102 ×2
unresolved
org
PT DISA
p.102 ×2
unresolved
org
Legal Counsel Agritrade International Pte Ltd
p.102
unresolved
org
PT Total Sinergy International
p.102
unresolved
org
PT Darmex Agro
p.102
unresolved
org
Lippo E-Net Tbk
p.102 ×4
unresolved
org
Lippo Life Tbk
p.102 ×6
unresolved
org
PT Asuransi AIG Lippo
p.102
unresolved
org
PT Home Credit Indonesia Education
p.103
unresolved
org
Sumalindo Lestari Jaya Tbk
p.104 ×2
unresolved
org
PT Astra International Tbk-Automotive Division
p.104 ×2
unresolved
org
PT Mandiri Pakar Sakti
p.105
unresolved
org
PT Sinar Galesong Pratama
p.105
unresolved
org
PT Indomobil Suzuki International
p.105
unresolved
org
PT Istana Mitra Sendani
p.106
unresolved
org
PT Viar Motor Indonesia
p.106
unresolved
org
PT Kencana Laju Mandiri
p.106
unresolved
org
PT Astra Honda Motor
p.106
unresolved
org
PT Sun Life Financial Indonesia
p.109 ×2
unresolved
org
PT AIA Financial Syariah
p.109 ×2
unresolved
org
PT Natrindo Telepon Selular
p.112
unresolved
org
PT Pricewaterhouse Financial Advisory Services
p.112
unresolved
—
Tri Evita Aryani
p.335
unresolved
org
Imelda & Rekan
p.503
unresolved
person
H. Thamrin
p.503
unresolved
org
Indonesian Financial Accounting Standards. Indonesia. Imelda & Rekan
p.503
unresolved
org
Deloitte Touche Tohmatsu Limited
p.503
unresolved
org
Deloitte Asia Pacific Limited
p.503 ×2
unresolved
person
Dr. H. Noor Ahmad
· Anggota
p.535
unresolved
person
Dr. Rini Fatma Kartika
· Anggota
p.535 ×2
unresolved
person
Restiana Ie Tjoe Linggadjaya
· Anggota
p.535
unresolved
person
Rio Erriad
· Anggota
p.535
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