PT Samudera Indonesia Tbk dan entitas anaknya/and its subsidiaries

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Laporan keuangan konsolidasian /

Consolidated financial statements

30 September 2020 (Tidak Diaudit) dan 31 Desember 2019 (Diaudit)/ As of September 30, 2020 (Unaudited) and December 31, 2019 (Audited) Serta untuk periode-periode sembilan bulan

Yang berakhir 30 September 2020 dan 2019 (Tidak diaudit)/ And for nine months periods ended

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Surat Pernyataan Direksi Statement Of Directors

Laporan Keuangan Konsolidasian - Consolidated Financial Statements -

30 September 2020 (Tidak diaudit) dan 31 Desember As of September 30, 2020 (Unaudited) and

2019 (Diaudit) serta untuk periode-periode December 31, 2019 (Audited) and

sembilan bulan yang berakhir pada tanggal for nine months periods ended

30 September 2020 dan 2019 (Tidak diaudit) September 30, 2020 and 2019(Unaudited)

Laporan Posisi Keuangan Konsolidasian... 1 - 2 ... Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss

Komprehensif Lain Konsolidasian... 3 - 4 ... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian ... 5 ... Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian ... 6 - 7 ... Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian ... 8 - 110 ... Notes to the Consolidated Financial Statements

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Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial

statements.

1

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 89.029.302 4 68.955.581 Cash and cash equivalents

Aset keuangan lancar lainnya 942.771 5 8.720.538 Other current financial assets

Piutang usaha Trade receivables

- Pihak berelasi 14.731.076 6,31 17.548.139 Related parties -

- Pihak ketiga, setelah dikurangi Third parties, net of -

penyisihan penurunan nilai allowance for impairment

US$6.518.586 US$6,518,586

(2019: US$5.242.909) 87.444.592 6 99.956.682 (2019: US$5,242,909)

Piutang lain-lain Other receivables

- Pihak berelasi, setelah dikurangi Related parties, net of -

penyisihan penurunan nilai allowance for impairment

US$243.502 US$243,502

(2019: US$243.652) 2.572.647 7,31 1.847.847 (2019: US$243,652)

- Pihak ketiga 2.301.275 1.894.877 Third parties -

Persediaan 3.399.307 8 2.880.123 Inventories

Aset lancar lainnya 23.449.614 9 21.444.857 Other current assets

Jumlah aset lancar 223.870.584 223.248.644 Total current assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Aset pajak tangguhan 5.658.931 28 5.897.598 Deferred tax assets

Aset program 1.136.243 29 1.247.295 Program assets

Investasi pada entitas asosiasi Investments in associates

dan ventura bersama 24.180.722 10 23.235.912 and joint venture

Properti investasi, neto 1.162.494 1.191.064 Investment properties, net

Aset keuangan tidak lancar lainnya 1.471.456 11 1.975.647 Other non-current financial assets

Aset tetap, setelah dikurangi Fixed assets, net of

akumulasi penyusutan dan accumulated depreciation and

penurunan nilai aset masing-masing impairment of assets

sebesar US$329.564.753 of US$329,564,753 and

(2019: US$315.099.343) 245.818.231 12 250.260.123 (2019: US$315,099,343)

Uang muka pembelian aset tetap 6.596.967 5.870.854 Advances purchase of fixed assets

Aset tidak lancar lain-lain 3.134.531 4.298.126 Other non-current assets

Jumlah aset tidak lancar 289.159.575 293.976.619 Total non-current assets

JUMLAH ASET 513.030.159 517.225.263 TOTAL ASSETS

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statements.

2

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang bank jangka pendek 53.096.469 13 52.263.846 Short-term bank loans

Utang usaha: 14 Trade payables:

- Pihak berelasi 2.284.331 3.144.293 Related parties -

- Pihak ketiga 45.069.489 50.676.583 Third parties -

Utang lain-lain: Other payables:

- Pihak berelasi 2.117.181 31 1.766.376 Related parties -

- Pihak ketiga 1.694.747 750.046 Third parties -

Biaya yang masih harus dibayar 30.097.240 15 32.644.703 Accrued expenses

Utang pajak 4.412.110 16 2.786.963 Taxes payable

Pendapatan tangguhan Unearned revenues

dan jaminan pelanggan 13.540.041 17 11.931.291 and customers deposits

Bagian lancar atas liabilitas Current maturities of

jangka panjang: long-term liabilities:

- Pinjaman 16.720.308 18 19.167.635 Loans -

- Liabilitas sewa 2.164.194 872.391 Lease liabilities -

Jumlah liabilitas jangka pendek 171.196.110 176.004.127 Total current liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Liabilitas jangka panjang, setelah Long-term liabilities, net of

dikurangi bagian lancar current portion

- Pinjaman 82.138.420 18 85.546.851 Loans -

- Liabilitas sewa 7.097.040 1.688.788 Lease liabilities -

Liabilitas pajak tangguhan 625.977 28 689.118 Deferred tax liabilities

Liabilitas imbalan pasca kerja 6.831.073 29 6.474.505 Employee benefits liabilities

Jumlah liabilitas jangka panjang 96.692.510 94.399.262 Total non-current liabilities

Jumlah Liabilitas 267.888.620 270.403.389 Total Liabilities

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan Equity attributable to the owners

kepada pemilik entitas induk of the parent

Modal saham - nilai nominal Capital stock - par value

Rp25 per saham Rp25 per share

Modal dasar - 12.000.000.000 saham Authorized - 12,000,000,000 shares

Modal ditempatkan dan disetor penuh Issued and fully paid share capital

3.275.120.000 saham 47.460.340 19 47.460.340 3,275,120,000 shares

Tambahan modal disetor, neto 3.488.284 20 3.488.284 Additional paid-in capital, net

Selisih nilai transaksi perubahan Differences in equity transactions

ekuitas entitas anak 29.671.789 29.671.789 of subsidiaries

Penghasilan komprehensif lain (44.611.607) 21 (38.776.416 ) Other comprehensive income

Saldo laba 135.129.981 132.040.867 Retained earnings

Jumlah ekuitas yang dapat Total equity attributable

diatribusikan kepada entitas induk 171.138.787 173.884.864 to the owners of the Company Kepentingan non pengendali 74.002.752 22 72.937.010 Non-controlling interests

Jumlah Ekuitas 245.141.539 246.821.874 Total Equity

JUMLAH LIABILITAS DAN EKUITAS 513.030.159 517.225.263 TOTAL LIABILITIES AND EQUITY

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statements.

3

Nine months) Notes Nine months)

Pendapatan jasa 362.093.202 24,31 319.304.749 Service revenues

Biaya jasa (313.980.614) 25,31 ( 277.249.327) Cost of services

Laba bruto 48.112.588 42.055.422 Gross profit

Beban umum dan General and administrative

administrasi (29.039.724) 26 (32.331.420) expenses

(Kerugian) keuntungan kurs (Loss) gain on foreign

mata uang asing, neto (585.597) 980.540 exchange, net

Penurunan nilai dan keuntungan Impairment and gains (losses)

(kerugian) penjualan aset tetap (389.588) 12 (35.984.047) on fixed assets

Biaya keuangan (8.075.627) (8.731.485) Finance costs

Pendapatan bunga 892.361 856.576 Interest income

Bagian atas laba bersih entitas Equity in profit of associates

asosiasi dan ventura bersama 1.277.848 10 1.036.525 and joint venture

(Kerugian) keuntungan lain-lain (1.715.341) 27 756.028 Other (losses) gains

Laba (rugi) sebelum pajak

penghasilan 10.476.920 (31.361.861) Profit (loss) before income tax

Beban pajak penghasilan (2.213.464) 28 (2.756.627) Income tax expenses

Laba (rugi) periode berjalan 8.263.456 (34.118.488) Profit (loss) for the period

Penghasilan komprehensif lain: Other comprehensive income:

Pos-pos yang tidak akan Items that will not be

direklasifikasikan ke laba rugi: reclassified to profit or loss:

Pengukuran kembali liabilitas Remeasurement of liabilities

imbalan pasti - (262) defined benefit plan

Pengukuran kembali liabilitas Remeasurement of liabilities

imbalan pasti - defined benefit plan -

entitas asosiasi - 10 - associate entity

Pos-pos yang akan Items that will be

direklasifikasikan ke laba rugi:

reclassified to profit or loss:

Selisih kurs karena penjabaran Foreign currency

laporan keuangan (5.372.900) 2.453.117 translation adjustments

Selisih kurs karena penjabaran Foreign currency translation

laporan keuangan - entitas adjustments - associate

asosiasi dan ventura bersama (1.391.279) 10 (323.073) entity and joint venture

Cadangan lindung nilai - Hedging reserve -

entitas asosiasi 262.414 10 197.159 associate entity

Jumlah (kerugian) penghasilan Total other comprehensive

komprehensif lain setelah pajak (6.501.765) 2.326.941 (loss) income net of tax

Jumlah penghasilan (kerugian) Total comprehensive

komprehensif periode berjalan 1.761.691 (31.791.547) income (loss) for the period

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statements.

4

Laba (rugi) periode berjalan yang Profit (loss) for the period

dapat diatribusikan kepada: attributable to:

Pemilik entitas induk 5.264.986 (21.444.471) Owners of the parent entity

Kepentingan non pengendali 2.998.470 (12.674.017) Non-controlling interests

8.263.456 (34.118.488)

Jumlah penghasilan (kerugian) Total comprehensive income

komprehensif diatribusikan (loss)attributable to:

kepada:

Pemilik entitas induk (570.205) (17.515.196) Owners of the parent entity

Kepentingan non pengendali 2.331.896 (14.276.351) Non-controlling interests

1.761.691 (31.791.547)

Laba (rugi) per saham dasar Basic earnings (loss) per share

(dinyatakan dalam nilai penuh (expressed in US Dollar

Dolar AS per saham) 0,002 30 (0,007) full amount per share)

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Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

5

Catatan/ fully paid Additional transaction of translation reserve defined benefit retained the owners of Non-controlling Ekuitas/

Notes share capital paid-in capital Subsidiaries adjustment of associates obligation earnings the Company interests Equity

Saldo tanggal 1 Januari 2019 47.460.340 3.488.284 29.671.789 (48.436.825) (763.609) 4.426.173 174.099.612 209.945.764 96.686.704 306.632.468 Balance as of January 1, 2019

Dividen perusahaan 23 - - - - - - ( 3.697.045) ( 3.697.045) - ( 3.697.045) Dividends of the Company

Dividen kepada kepentingan non pengendali

- - - - (1.187.395) (1.187.395)

Dividends to non-controlling interest Kepentingan non pengendali pada

entitas anak baru

- - - - - - - - - -

Non-controlling interest in new subsidary

Total laba (rugi) komprehensif periode berjalan

- - - 3.800.845 128.430 - (21.444.471) (17.515.196) (14.276.351) (31.791.547)

Total comprehensive income (loss) for the period

Saldo tanggal 30 September 2019 47.460.340 3.488.284 29.671.789 (44.635.980) (635.179) 4.426.173 148.958.096 188.733.523 81.222.958 269.956.481 Balance as of September 30, 2019

Saldo tanggal 1 Januari 2020 47.460.340 3.488.284 29.671.789 (42.719.824) (498.197) 4.441.605 132.040.867 173.884.864 72.937.010 246.821.874 Balance as of January 1, 2020

Penyesuaian saldo awal sehubungan dengan penerapan standar akuntansi baru

- - - - - - (343.893) (343.893) (90.607) (434.500)

Adjusment beginning balance due to adoption of new accounting standards

Saldo tanggal 1 Januari 2020 setelah penerapan standar akuntansi baru

47.460.340 3.488.284 29.671.789 (42.719.824) (498.197) 4.441.605 131.696.974 173.540.971 72.846.403 246.387.374

Balance as of January 1, 2020 after adoption of newaccounting standards

Dividen perusahaan 23 - - - - (1.831.979) (1.831.979) - (1.831.979) Dividends of the Company

Dividen kepada kepentingan non

pengendali 22 - - - - - (1.175.547) (1.175.547) Dividends to non-controlling interest

Kepentingan non pengendali pada entitas anak baru

- - - - - - -

Non-controlling interest in new subsidiary

Total laba (rugi) komprehensif periode berjalan

- - - (6.006.128) 170.937 - 5.264.986 (570.205) 2.331.896 1.761.691

Total comprehensive income (loss) for the period

Saldo tanggal 30 September 2020 47.460.340 3.488.284 29.671.789 (48.725.952) (327.260) 4.441.605 135.129.981 171.138.787 74.002.752 245.141.539 Balance as of September 30, 2020

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statements.

6

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM OPERATING

OPERASI ACTIVITIES

Penerimaan kas dari pelanggan 375.963.832 328.632.936 Cash received from customers Pembayaran kas kepada karyawan (37.661.727) (42.198.397) Cash paid to employees Pembayaran kas kepada pemasok (299.524.545) (254.813.451) Cash paid to suppliers

Kas dihasilkan dari operasi 38.777.560 31.621.088 Cash generated from operations

Penerimaan bunga 892.361 856.576 Interest received

Pembayaran kas untuk: Cash paid for:

Bunga (7.994.825) (8.482.381) Interest

Pajak penghasilan (1.428.313) (3.722.165) Income taxes

Kas Bersih Diperoleh dari Net Cash Provided by

Aktivitas Operasi 30.246.783 20.273.118 Operating Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

INVESTASI INVESTING ACTIVITIES

Perolehan aset tetap (10.055.325) 12 (6.127.540) Acquisition of fixed assets

Pencairan aset Withdrawal

keuangan lain-lain 8.281.958 (1.142.604) of others financial assets

Hasil penjualan aset yang dimiliki Proceeds from sale of assets

untuk dijual - 19.735.845 held for sales

Hasil penjualan aset tetap 256.215 12 511.142 Proceeds from sale of fixed assets

Uang muka pembelian Advances for purchase

aset tetap (2.889.113) (3.473.213) of fixed assets

Kas Bersih (Digunakan untuk) Net Cash (Used in)

Diperoleh dari Aktivitas Investasi (4.406.265) 9.503.630 Provided by Investing Activities

ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

PENDANAAN FINANCING ACTIVITIES

Penambahan dari: Proceeds from:

Utang bank jangka pendek 3.328.402 2.116.551 Short-term bank loans

Utang bank jangka panjang 22.174.487 23.850.854 Long-term bank loan

Liabilitas sewa - 803.682 Lease liabilities

Pembayaran: Repayments of:

Utang bank jangka pendek (1.751.852) (2.786.289) Short-term bank loans

Pinjaman (23.979.641) (33.777.024) Loans

Liabilitas sewa (3.301.986) (326.539) Lease liabilities

Pembayaran dividen: Cash dividends paid by:

Perusahaan (696.059) (2.889.219) Company

Entitas anak - kepentingan Subsidiaries - non-controlling

non pengendali (1.175.547) (1.187.395) interests

Kas Bersih Digunakan untuk Net Cash Used for

Aktivitas Pendanaan (5.402.196) (14.195.379) Financing Activities

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statements.

7

KENAIKAN BERSIH NET INCREASE CASH AND

KAS DAN SETARA KAS 20.438.322 15.581.369 CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AWAL PERIODE 68.955.581 55.627.181 BEGINNING OF PERIOD

Pengaruh perubahan kurs mata Effect of foreign exchange

uang asing (364.601) 343.404 rate changes

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

AKHIR PERIODE 89.029.302 4 71.551.954 AT END OF PERIOD

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8

a. Pendirian Perusahaan a. Establishment of the Company

PT Samudera Indonesia Tbk (Perusahaan) didirikan pada tanggal 13 November 1964 sesuai dengan Undang-undang Penanaman Modal Dalam Negeri No. 6 tahun 1968, yang diubah dengan Undang-undang No. 12 tahun 1970, berdasarkan akta notaris No. 33 dari Soeleman Ardjasasmita, S.H. Akta pendirian Perusahaan telah diumumkan dalam Berita Negara Republik Indonesia No. 88, Tambahan No. 496, tanggal 2 November 1971. Anggaran Dasar Perusahaan terakhir telah diubah dengan akta notaris No. 65 tanggal 30 Juni 2020 dari Aulia Taufani, S.H., notaris di Jakarta, mengenai persetujuan perubahan Anggaran Dasar Perusahaan tentang perubahan Pasal 14 tentang Direksi dan Pasal 15 tentang Tugas dan Wewenang Direksi. Perubahan Anggaran Dasar terakhir ini telah mendapatkan persetujuan dari Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-AH.01.03-0290353 tanggal 15 Juli 2020, yang telah diterima dan dicatat di dalam Sistem Administrasi Badan Hukum Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia.

PT Samudera Indonesia Tbk (the Company) was established on November 13, 1964 under the framework of the Domestic Capital Investment Law No. 6 of 1968 as amended by Law No. 12 of 1970, based on notarial deed No. 33 of Soeleman Ardjasasmita, S.H. The deed of establishment was published in Supplement No. 496 of State Gazette of the

Republic of Indonesia No. 88 dated

November 2, 1971. The most recent

amendment of the Company’s Articles of Association was amanded by notarial deed No. 65 dated June 30, 2020 of Aulia Taufani, S.H., notary in Jakarta, concerning approval of amendment of the Company's Articles of Association relating to changes in Article 14 regarding the Board of Directors and Article 15 regarding Duties and Authorities of the Board of Directors. The latest amendment of the Company’s Articles of Association have been approved by the Ministry of Law and Human Rights of the Republic of Indonesia based on its decision letter No. AHU-AH.01.03-0290353 on July 15, 2020, which has been received and noted by Legal Entity Administration System of the Ministry of Law and Human Rights of the Republic of Indonesia.

Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, lingkup usaha Perusahaan meliputi kegiatan pelayaran termasuk pengangkutan barang dengan kapal dan kegiatan lainnya dengan bertindak sebagai agen baik keagenan lokal maupun keagenan umum untuk perusahaan pelayaran lainnya, serta angkutan penyebrangan dan aktivitas penunjang perairan lainnya.

According to Article 3 of the Company’s Articles of Association, its scope of activities comprises shipping activities, including transporting cargo by vessels and other activities where it acts either as a local or general agent for other shipping companies, vessel transport services and other supporting activities.

Perusahaan memulai kegiatan komersial pada tahun 1964.

The Company started its commercial

operations in 1964.

Perusahaan berdomisili di Jakarta Barat. Kantor pusat Perusahaan terletak di Gedung Samudera Indonesia, Jl. Letjen. S. Parman Kav. 35, Jakarta Barat, dengan kantor cabang di seluruh kota pelabuhan utama di Indonesia.

The Company is domiciled in West Jakarta. Its head office is located at Samudera Indonesia Building, Jl. Letjen. S. Parman Kav. 35, West Jakarta, and its branch offices are located throughout the main port harbors in Indonesia.

PT Samudera Indonesia Tangguh adalah entitas induk terakhir dari Perusahaan dan entitas anaknya.

PT Samudera Indonesia Tangguh is the holding parent entity of the Company and its subsidiaries.

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9

b. Pencatatan Umum Efek Perusahaan b. The Company’s Public Listing

Pada tanggal 23 Juni 1999, Perusahaan memperoleh Surat Pemberitahuan Efektif atas Pernyataan Pendaftaran Perusahaan Publik No. S.988/PM/1999 dari Ketua Badan Pengawas Pasar Modal (sekarang Otoritas Jasa Keuangan) atas pendaftaran Perusahaan sebagai perusahaan publik. Sejak tanggal 5 Juli 1999, Perusahaan telah mencatatkan seluruh sahamnya di Bursa Efek Indonesia.

On June 23, 1999, the Company obtained the notice of effectivity from the Chairman of The Capital Market Supervisory Agency (presently the Financial Services Authority), in his letter No. S.988/PM/1999, for its registration of the

Company as public company. Since

July 5, 1999, the Company has listed all of its issued shares on the Indonesia Stock Exchange.

Pada tahun 1997, SSL, entitas anak, mencatatkan sahamnya di Singapore Exchange Securities Trading Limited.

In 1997, SSL, a subsidiary, listed on the Singapore Exchange Securities Trading Limited.

c. Manajemen Kunci dan Informasi Lainnya c. Key Management and Other Information

Susunan Dewan Komisaris dan Direksi Perusahaan pada tanggal 30 September 2020 dan 31 Desember 2019 berdasarkan akta notaris No. 64 tanggal 30 Juni 2020 dibuat dihadapan Aulia Taufani, S.H., notaris di Jakarta dan No. 51 tanggal 26 Juni 2019 dibuat di hadapan Ashoya Ratam, S.H., M.KN., notaris di Jakarta adalah sebagai berikut:

The Company’s Board of Commissioners and Directors as of September 30, 2020 and December 31, 2019 as stated in notarial deed No. 64 dated June 30, 2020 of Aulia Taufani, S.H., notary in Jakarta and notarial deed No. 51 dated June 26, 2019 of Ashoya Ratam, S.H., M.KN, notary in Jakarta are as follows:

30 September 2020/September 30, 2020

Komisaris Utama Shanti Lasminingsih Poesposoetjipto President Commissioner

Komisaris Masli Mulia Commissioners

Drs. Amir Abadi Jusuf, MA Ken Narotama Hidayatullah

Komisaris Independen Dr. Anugerah Pekerti Independent Commissioners

Dr. Ir Kuntoro Mangkusubroto

Direktur Utama Bani Maulana Mulia President Director

Direktur Keuangan Ridwan Hamid Finance Director

Direktur Kepatuhan Farida Helianti Sastrosatomo Compliance Director

Direktur Sumber Daya Manusia Tara Hidayat Human Resource Director

31 Desember 2019/December 31, 2019

Komisaris Utama Shanti Lasminingsih Poesposoetjipto President Commissioner

Komisaris Drs. Amir Abadi Jusuf, MA Commissioners

Ken Narotama Hidayatullah

Komisaris Independen Dr. Anugerah Pekerti Independent Commissioners

Dr. Ir Kuntoro Mangkusubroto

Direktur Utama Masli Mulia President Director

Direktur Pengelola Bani Maulana Mulia Managing Director

Direktur Keuangan Ridwan Hamid Finance Director

Direktur Kepatuhan Farida Helianti Sastrosatomo Compliance Director

Susunan komite audit Perusahaan pada tanggal 30 September 2020 dan 31 Desember 2019 adalah sebagai berikut:

The composition of the Company’s audit committee as of September 30, 2020 and December 31, 2019 are as follows:

Komite Audit Audit Committees

Ketua Dr. Anugerah Pekerti Chairman

Anggota Muljawati Chitro Members

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10 c. Manajemen Kunci dan Informasi Lainnya

(lanjutan)

c. Key Management and Other Information (continued)

Perusahaan dan entitas anak (“Grup”) memiliki jumlah karyawan masing-masing sebanyak 4.000 pada tanggal 30 September 2020 dan 31 Desember 2019 (tidak diaudit).

The Company and its subsidiaries (the “Group”) had a total employees of 4,000 as of September 30, 2020 and December 31, 2019, respectively, (unaudited).

d. Penyertaan Saham Pada Entitas Anak d. Equity Participant in Subsidiary

Rincian entitas anak Grup pada akhir periode pelaporan adalah sebagai berikut:

Details of the Group’s subsidiaries at the end of the reporting period are as follows:

Tahun Operasi

Jenis Komersial/

Usaha/ Start of

Domisili/ Nature of Commercial

Domicile Business Operations

30 September/ 31 Desember/ 30 September/ 31 Desember/

September 30, December 31, September 30, December 31,

2020 2019 2020 2019

Pemilikan Langsung/

Direct Ownership

Samudera Shipping Singapura/ Pelayaran untuk 1993 65,14 *) 65,14 *) 270.419.307 267.870.618

Line Limited ("SSL") Singapore angkutan peti kemas/

Container shipping

PT Samudera Terminal Jakarta Perusahaan holding/ 2016 99,97 99,97 66.881.386 70.036.233

Indonesia ("STI") Holding company

PT Samudera Sarana Jakarta Depo peti kemas, 1991 99,99 99,99 64.967.868 66.323.907

Logistik perbaikan dan

("SSLog") jasa terkait/

Container storage, repairs and related services

PT Silkargo Indonesia Jakarta Logistik dan Jasa 2003 99,99 99,99 9.872.957 12.027.166

pengurusan transportasi/

Freight forwarding

PT Masaji Prayasa Jakarta Jasa angkutan 1980 75,00 75,00 5.634.219 8.081.840

Cargo ("MPC") muatan internasional/

International freight forwarding

PT Perusahaan Angkutan Semarang Angkutan darat/ 1975 99,99 99,99 9.171.661 10.763.734

Darat Samudera Land transportation

Perdana ("SP")

PT Samudera Daya Mitra Jakarta Jasa konsultasi manajemen, 2014 75,87 75,87 932.627 959.495

("SDM") jasa penyedia dan

penyalur tenaga kerja/

Consulting management services, and lab or services

PT Maruzen Samudera Jakarta Logistik dan Jasa 2013 51,00 51,00 4.764.676 5.054.741

Taiheiyo ("MST") pengurusan transportasi/

Freight forwarding Entitas Anak/

Subsidiaries Percentage of Ownership Before Elimination)

Persentase Pemilikan Jumlah Aset/ Total Assets (Sebelum Eliminasi/ Efektif/ Effective

*) Persentase kepemilikan saham SSL menjadi 65,27% setelah memperhitungkan saham treasuri.

*) Percentage of shareholdings in SSL after incorporating treasury shares is 65.27%.

(14)

11 d. Penyertaan Saham Pada Entitas Anak

(lanjutan)

d. Equity Participant in Subsidiary (continued)

Rincian entitas anak Grup pada akhir periode pelaporan adalah sebagai berikut (lanjutan):

Details of the Group’s subsidiaries at the end of the reporting period are as follows (continued):

Tahun Operasi Jenis Komersial/ Usaha/ Start of

Domisili/ Nature of Commercial Domicile Business Operations

2020 2019 2020 2019 Pemilikan Langsung/

Direct Ownership

PT Cumawis Jakarta Pelayaran, termasuk 1975 99,90 99,90 3.370.064 3.917.297 jasa pengangkutan

minyak dan gas/

Shipping which includes oil and gas transportation services

PT Samudera Agencies Jakarta Kegiatan keagenan kapal/ 2016 90,00 90,00 40.223.023 31.003.823 Indonesia ("SAI") Ship agency activities

PT Samudera Indonesia Ship Jakarta Kegiatan keagenan awak kapal/ 1992 99,93 99,93 2.278.001 2.579.716 Management ("SISM") Ship crew agency activities

PT Samudera Properti Jakarta Pembangunan, perdagangan, 2016 99,10 99,10 2.237.963 2.280.102 Indonesia ("SPI") jasa dan industri/

Developer, trading, services and industry

Ocean Shipping, Pte., Ltd. Singapura/ Kegiatan keagenan/ 2007 100 100 109.782 293.251

Singapore Agency activities

PT Samudera Perkapalan Jakarta Pelayaran, termasuk 1982 99,98 99,98 27.368.168 20.978.416 Indonesia ("SPKLI") jasa pengangkutan

(d/h/ formerly minyak dan gas/

PT Tankindo Perdana) Shipping which includes

oil and gas transportation services

PT ISTA Indonesia Jakarta Kegiatan jasa biro perjalanan/ 1949 32,00 *) 32,00 *) 2.046.009 2.549.607

Travel agent activities

PT Praweda Sarana Informatika Jakarta Kegiatan jasa IT/ 2016 50,00 *) 50,00 *) 1.827.162 1.562.542

IT service activities

Melalui Samudera Shipping Line Limited/

Through Samudera Shipping Line Limited

Foremost Singapura/ Jasa angkutan laut 1995 65,14 65,14 36.053.995 23.323.423 Maritime, Pte., Ltd. Singapore domestik dan luar

("FMPL") negeri/

Domestic and overseas marine transportation services

PT Samudera Shipping Jakarta Jasa penunjang 2000 66,88 66,88 55.532.729 57.635.739 Services ("SSS") pertambangan minyak

dan gas bumi serta jasa angkutan laut domestik dan luar negeri untuk barang/

Supporting services for mining oil and gas and marine transportation services domestically and international

Before Elimination)

Jumlah Aset/ Total Assets (Sebelum Eliminasi/ Entitas Anak/

Subsidiaries Percentage of Ownership

Efektif/ Effective Persentase Pemilikan

(15)

(lanjutan)

30 September/ 31 Desember/ 30 September/ 31 Desember/

September 30, December 31, September 30, December 31,

2020 2019 2020 2019

Melalui Samudera Shipping Line Limited/

Through Samudera Shipping Line Limited

Samudera Shipping Line, India Kegiatan keagenan/ 2004 65,14 65,14 12.017.723 9.931.916 (India), Pvt., Ltd. ("SSLI") Agency activities

Samudera Traffic Co., Ltd. Bangkok Kegiatan keagenan/ 2004 31,92 *) 31,92 *) 2.846.655 4.873.706 ("STC") Agency activities

SILkargo Logistics, Singapura/ Jasa angkutan 1997 65,14 65,14 2.319.744 2.229.096 (Singapore), Pte., Ltd. Singapore muatan internasional/

International freight forwarding

Samudera Intermodal Malaysia Kegiatan keagenan/ 2012 42,34 *) 42,34 *) 2.582.420 2.447.814 Sdn. Bhd ("SISB") Agency activities

Samudera Logistics DWC LLC Uni Emirat Arab/ Logistik dan Jasa 2015 65.14 *) 65.14 *) 1.808.205 2.804.679 ("DWC") United Arab Emirates pengurusan transportasi/

Samudera Cargo Service LLC Uni Emirat Arab/ Logistik dan Jasa 2015 31,92 *) 31,92 *) 92.854 175.240 ("SCS") United Arab Emirates pengurusan transportasi/

Prime Maritime DWC LLC Uni Emirat Arab/ Logistik dan Jasa 2017 33,22 *) 33,22 *) 3.612.286 3.364.834 ("PMDWC") United Arab Emirates pengurusan transportasi/

PT Samudera Shipping Indonesia Indonesia Pelayaran, 2018 77,91 *) 77,91 *) 165.321 176.916 ("SSI") jasa penyewaan kapal laut,

jasa angkutan dalam negeri

untuk barang khusus, kegiatan keagenan./

Shipping, ship rental service, marine transportation, for domestic and specific goods

agency activities.

Entitas Anak/

Efektif/ Effective

Jumlah Aset/ Total Assets (Sebelum Eliminasi/ Persentase Pemilikan

*) Persentase kepemilikan SSL atas saham STC, SISB, DWC, SCS, PMDWC dan SSI masing-masing adalah 49%, 65%, 40%, 49%, 51% dan 49%.

*) Percentage ownership of SSL in STC, SISB,

DWC, SCS, PMDWC and SSI are 49%,

65%, 40%, 49%, 51% and 49%,

(16)

(lanjutan)

2020 2019 2020 2019 Pemilikan Tidak Langsung/

Indirect Ownership

Melalui SILkargo Logistics (Singapore), Pte., Ltd.,

Through SILkargo Logistics (Singapore), Pte., Ltd.,

Shal Hawk Silkargo Sdn. Bhd. Malaysia Kegiatan pergudangan/ 2017 33,22 *) 33,22 *) 2.481.483 2.447.957

Warehousing activities

Melalui PT Samudera Terminal Indonesia (STI)/

Through PT Samudera Terminal Indonesia (STI)

PT Pelabuhan Samudera Samarinda Penyediaan dan/atau 2010 99,97 99,97 30.279.984 33.304.842 Palaran ("PSP") pelayanan jasa kapal,

barang dan jasa terkait dengan kepelabuhanan (BUP)/

Shipping, goods and other services related to port business

PT Prima Nur Panurjwan Jakarta Jasa bongkar muat barang 1986 99,96 99,96 24.412.442 25.115.495 ("PNP") dari/dan ke atas kapal

serta pengambilan dan penyerahan barang ke atas kendaraan/

Stevedoring service from/ and into vessel, picking up and delivering goods to vehicles

PT Perusahaan Bongkar Jakarta Jasa bongkar muat barang 1986 99,96 99,96 10.671.596 12.002.896 Muat Tangguh Samudera dari/dan ke atas kapal

Jaya ("TSJ") serta pengambilan dan penyerahan barang ke atas kendaraan/

Stevedoring service from/ and into vessel, picking up and delivering goods to vehicles

PT Samudera Sarana Terminal Jakarta Jasa reparasi mesin untuk 2016 50,98 50,98 1.501.486 1.064.352 Indonesia ("SSTI") umum dan jasa perdagangan/

Mechanical reparation and wholesale trade

Entitas Anak/

*) Persentase kepemilikan SILkargo Logistics (Singapore), Pte., Ltd., atas saham Shal Hawk Sdn. Bhd. adalah 51%.

*) Percentage ownership of SILkargo Logistics (Singapore), Pte., Ltd., in Shal Hawk Sdn. Bhd. is 51%.

(17)

(lanjutan)

Tahun Operasi

Jenis Komersial/

Usaha/ Start of

Domisili/ Nature of Commercial

Domicile Business Operations

2020 2019 2020 2019

Pemilikan Tidak Langsung/

Indirect Ownership

Melalui PT Samudera Sarana Logistik ("SSLog")/

Through PT Samudera Sarana Logistik ("SSLog")

PT Masaji Kargosentra Jakarta Pergudangan 1992 99,96 99,96 5.662.764 4.088.213

Tama ("MKT") dan penyimpanan/

Warehousing and storage

PT Masaji Tatanan Jakarta Jasa aktivitas penunjang 2017 99,91 99,91 4.090.801 1.091.006

Kontainer Indonesia angkutan perairan dalam

("MTKI") penyediaan dan layanan

jasa depo peti kemas/

Water transportation support activities and container depot services

PT Samudera JWD Logistics Jakarta Pergudangan 2017 50,99 50,99 9.436.682 11.691.046

("SJL") dan penyimpanan/

Warehousing and storage

Melalui PT Samudera Perkapalan Indonesia ("SPKLI") (d/h PT Tankindo Perdana)

Through PT Samudera Perkapalan Indonesia ("SPKLI") (formerly PT Tankindo Perdana)

PT Samudera Asahi Shipping Indonesia Pelayaran, 2017 43,00 43,00 13.908.919 15.367.306

jasa penyewaan kapal laut, jasa angkutan dalam negeri

untuk barang khusus, kegiatan keagenan./

Shipping, ship rental service, marine transportation, for domestic and specific goods agency activities.

Melalui PT Samudera JWD Logistics ("SJL")

Through PT Samudera JWD Logistics ("SJL")

PT Adib Cold Logistic Indonesia Jasa ekpedisi, jasa pergudangan, 2016 44,01 44,01 9.284.434 11.350.153

jasa pengepakan, jasa penanganan kargo./

expediton services, warehouses, packaging sevices, cargo handling Entitas Anak/

(18)

(lanjutan)

Rincian entitas anak yang tidak dimiliki seluruhnya yang mempunyai kepentingan non pengendali material terhadap Grup adalah sebagai berikut:

Details of non-wholly owned subsidiaries that have material non-controlling interest to the Group are as follows:

Domisili/

Domicile 2020 2019 2020 2019 2020 2019

Samudera Shipping Line Singapore 34,86 *) 34,86 *) 192.251 274.467 67.609.437 65.517.523 Limited ("SSL") Profit non-controlling interests Entitas Anak/ Proportion of non-controlling interests non pengendali/

and voting rights held by ownership interest Kepentingan non pengendali/ Persentase Pemilikan/ Subsidiary Laba yang kepada kepentingan dapat diatribusikan Akumulasi Accumulated non-controlling interests attributable to

*) Persentase kepemilikan saham non pengendali SSL menjadi 34,73% setelah memperhitungkan saham treasuri.

*) Percentage of non-controlling

shareholdings in SSL after incorporating treasury shares is 34.73%.

2. IKHTISAR KEBIJAKAN AKUNTANSI

SIGNIFIKAN

2. SUMMARY OF SIGNIFICANT ACCOUNTING

POLICIES

Laporan keuangan konsolidasian telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia (“SAK”), yang mencakup Pernyataan Standar Akuntansi Keuangan (”PSAK”) dan Interpretasi Standar Akuntansi Keuangan (”ISAK”) yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (“DSAK”), serta Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (“BAPEPAM-LK”) No. VIII.G.7 Lampiran Keputusan Ketua BAPEPAM-LK No. KEP-347/BL/2012 tanggal 25 Juni 2012 yang terdapat di dalam Peraturan dan Pedoman Penyajian dan Pengungkapan Laporan Keuangan yang diterbitkan oleh OJK. Kebijakan ini telah diterapkan secara konsisten terhadap seluruh tahun yang disajikan, kecuali jika dinyatakan lain.

The consolidated financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standards (“SAK”), which comprise the Statements of Financial Accounting Standards (“PSAK”) and Interpretations to Financial Accounting Standards (“ISAK”) issued by the Financial Accounting Standards Board of the Indonesian Institute of Accountants (“DSAK”), and Rule of Capital Market and Financial Institution Supervisory Agency (“BAPEPAM-LK”) No. VIII.G.7 Attachment of

Chairman of BAPEPAM’s decision

No. KEP-347/BL/2012 dated June 25, 2012, on the Regulations and Guidelines on Financial Statement Presentation and Disclosures issued by OJK. These policies have been consistently applied to all years presented, unless otherwise stated.

a. Dasar penyajian laporan keuangan konsolidasian

a. Basis of preparation of the consolidated financial statements

Laporan keuangan konsolidasian telah disusun sesuai dengan PSAK 1: Penyajian Laporan Keuangan. Laporan keuangan konsolidasian, kecuali untuk laporan arus kas konsolidasian, disusun berdasarkan basis akrual, menggunakan dasar akuntansi biaya historis, kecuali untuk beberapa akun tertentu yang disajikan berdasarkan pengukuran lain sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut.

The consolidated financial statements have been prepared in accordance with PSAK 1: Presentation of Financial Statements. The consolidated financial statements, except consolidated statement of cash flows, have been prepared on the accrual basis, using the historical cost basis of accounting, except for certain accounts which are measured on the basis described in the related accounting policies for those accounts.

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16 a. Dasar penyajian laporan keuangan

konsolidasian (lanjutan)

a. Basis of preparation of the consolidated financial statements (continued)

Laporan arus kas konsolidasian yang disajikan dengan menggunakan metode langsung, menyajikan penerimaan dan pengeluaran kas dan setara kas yang diklasifikasikan ke dalam aktivitas operasi, investasi dan pendanaan.

The consolidated statement of cash flows, which have been prepared using the direct method, present receipts and disbursements of cash and cash equivalents classified into operating, investing and financing activities. Laporan keuangan konsolidasian disajikan

dalam Dolar Amerika Serikat (“Dolar AS”/ ”US$”) yang merupakan mata uang fungsional dan penyajian Grup.

The consolidated financial statements are presented in United States Dollar (“US Dollar”/ ”US$”), which is the Group’s functional and presentation currency.

Periode pelaporan keuangan Grup adalah 1 Januari - 31 Desember.

The financial reporting period of the Group is January 1 - December 31.

b. Perubahan kebijakan akuntansi b. Changes in accounting principles

Pada tanggal 1 Januari 2020, Grup menerapkan pernyataan standar akuntansi keuangan baru yang efektif sejak tanggal tersebut. Perubahan kebijakan akuntansi Grup telah dibuat seperti yang disyaratkan, sesuai dengan ketentuan transisi dalam masing-masing standar.

On January 1, 2020, the Group adopted new statements of financial accounting standards that are effective on or after that date. Changes to the Group’s accounting policies have been made as required, in accordance with the transitional provisions in the respective standards.

Penerapan standar baru berikut ini tidak menghasilkan perubahan besar terhadap kebijakan akuntansi Grup untuk tahun keuangan saat ini atau sebelumnya:

The adoption of the following new standard and interpretation did not result in substantial changes to Group’s accounting policies and had no material effect on the amounts reported for the current or prior financial years:

 PSAK 71: “Instrumen Keuangan” yang diadopsi dari IFRS 9.

 PSAK 71: “Financial Instrument” adopted

from IFRS 9.

Sesuai ketentuan transisi PSAK 71 terkait dengan klasifikasi, pengukuran dan penurunan nilai aset keuangan, Grup telah memilih untuk tidak menyajikan kembali periode komparatif. Dampak kumulatif atas penyesuaian nilai tercatat pada awal penerapan diakui pada saldo laba 1 Januari 2020.

In accordance with the transition of PSAK 71 relating to the classification,

measurement and impairment

requirements for financial assets, the

Group has elected not to restate

comparative period. The cumulative effect on any resulting adjustments to carrying values on initial application have been recognised in retained earnings as of January 1, 2020.

(20)

17

b. Perubahan kebijakan akuntansi (lanjutan) b. Changes in accounting principles (continued)

 PSAK 71: “Instrumen Keuangan” yang diadopsi dari IFRS 9. (lanjutan)

 PSAK 71: “Financial Instrument” adopted

from IFRS 9. (continued)

Grup menerapkan model baru kerugian kredit ekspektasian dengan perkiraan masa depan, menggunakan pendekatan yang disederhanakan untuk piutang usaha dan pendekatan umum untuk aset keuangan lainnya sesuai dengan standar. Dampak adopsi atas standar ini pada tahun berjalan tidak material.

Group applies the new forward-looking expected credit loss model, using the simplified approach for trade receivables and the general approach for all other financial assets as required by the standard. The current year impact of this standard is considered as immaterial.

Pada tanggal 1 Januari 2020, Grup melakukan pengkajian klasifikasi aset keuangan berdasarkan persyaratan kontraktual arus kas dan model bisnis yang dikelola. Sehingga, investasi tertentu yang tersedia untuk dijual telah direklasifikasikan sebagai aset keuangan yang diukur pada nilai wajar melalui penghasilan komprehensif lain.

On 1 January 2020, the Group assessed the classification of its financial assets on the basis of the contractual terms of their cash flows and the business model by which they are managed. As a result, certain investments held for available-for-sale have been reclassified as financial assets measured at fair value through other comprehensive income.

 PSAK 72 : “Pendapatan dari Kontrak dengan Pelanggan”

 PSAK 72: “Revenue from Contracts with

Customers”

Standar ini menetapkan kerangka kerja yang komprehensif untuk menentukan apakah, berapa banyak dan kapan pendapatan diakui. Standar ini menggantikan PSAK 23 - Pendapatan dan PSAK 34 - Kontrak Konstruksi.

This standard establishes a comprehensive framework for determining whether, how much and when revenue is recognized. It replaced PSAK 23 - Revenue and PSAK 34 - Construction Contracts.

Sesuai dengan ketentuan transisi, Grup telah memilih penerapan secara retrospektif dengan dampak kumulatif pada awal penerapan diakui pada 1 Januari 2020 dan tidak menyajikan kembali periode komparatif.

In accordance with the transition

requirements, the Group has elected to apply retrospectively with the cumulative effect of initial implementation recognised on January 1, 2020 and not restate the comparative period.

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18

b. Perubahan kebijakan akuntansi (lanjutan) b. Changes in accounting principles (continued)

 PSAK 73: “Sewa”  PSAK 73: “Leases”

Berdasarkan PSAK 73, perbedaan antara sewa operasi dan sewa pembiayaan dihapus. Standar ini mensyaratkan penggunaan aset hak guna dan liabilitas keuangan untuk membayar sewa diakui. Ada pengecualian pengakuan untuk sewa jangka pendek dan sewa barang bernilai rendah.

Under PSAK 73, the distinction between operating and finance leases is removed. The standard requires the right-of-use of the leased asset and a financial liability to pay rentals to be recognized. There are recognition exemptions for short-term leases and leases of low-value items

Grup menerapkan PSAK 73 dengan menggunakan pendekatan cara praktis. Pada saat transisi, liabilitas sewa diukur sebesar nilai kini dari sisa pembayaran sewa, didiskontokan pada tingkat bunga pinjaman inkremental Grup pada tanggal 1 Januari 2020. Aset hak-guna diukur sebesar jumlah yang sama dengan liabilitas sewa, disesuaikan dengan pembayaran sewa di muka atau pembayaran terutang. Tidak ada penyesuaian terhadap laba ditahan Grup karena Grup memilih untuk mengukur aset hak-guna pada jumlah yang sama dengan liabilitas sewa.

The Group applies PSAK 73 using the simplified approach. At transition, lease liabilities were measured at the present value of the remaining lease payments, discounted using the Group’s incremental borrowing rate as of January 1, 2020. Right-of-use assets are measured at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments. There is no adjustment to the Group’s retained earnings as the Group elected to measure the right-of-use assets at an amount equal to the lease liability.

Sesuai dengan persyaratan transisi pada PSAK 73, Grup memilih penerapan secara retrospektif dengan dampak kumulatif pada awal penerapan diakui pada tanggal 1 Januari 2020 dan tidak menyajikan kembali informasi komparatif. Dampak adopsi atas standar ini pada tahun berjalan tidak material.

In accordance with the transition

requirements in PSAK 73, the Group elected to apply retrospectively with cumulative effect of initial implementation recognised as of January 1, 2020 and not restate the comparative information. The current year impact of this standard is considered as immaterial.

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19

c. Prinsip-prinsip konsolidasi c. Principles of consolidation

Laporan keuangan konsolidasian meliputi laporan keuangan Grup tanggal 30 September 2020 dan untuk tahun yang berakhir pada tanggal tersebut.

The consolidated financial statements comprise the financial statements of the Group as of September 30, 2020, and for the year then ended.

Pengendalian diperoleh bila Grup terekspos atau memiliki hak atas imbal hasil variabel dari keterlibatannya dengan investee dan memiliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kekuasaannya atas investee.

Control is achieved when the Group is exposed, or has rights to variable returns from its involvement with the investee and has ability to affect the returns through its power over the investee.

Dengan demikian, Perusahaan mengendalikan

investee jika dan hanya jika Grup memiliki

seluruh hal berikut ini:

Thus, the Company controls an investee if and only if the Group has:

i) Kekuasaan atas investee (misal, hak yang ada memberi kemampuan kini untuk mengarahkan aktivitas relevan investee), ii) Eksposur atau hak atas imbal hasil variabel

dari keterlibatannya dengan investee, dan iii) Kemampuan untuk menggunakan

kekuasaannya atas investee untuk mempengaruhi jumlah imbal hasil investor.

i) Power over the investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee), ii) Exposure, or rights, to variable returns

from its involvement with the investee, and iii) The ability to use its power over the

investee to affect its returns.

Umumnya, ada dugaan bahwa mayoritas hak suara menghasilkan kontrol. Untuk mendukung anggapan ini dan bila Grup memiliki kurang dari mayoritas hak suara atau hak serupa dari

investee, Grup mempertimbangkan semua fakta

dan keadaan yang relevan dalam menilai apakah ia memiliki kuasa atas investee, termasuk:

i) Pengaturan kontraktual dengan pemilik hak suara lainnya dari investee,

ii) Hak yang timbul atas pengaturan kontraktual lain, dan

iii) Hak suara dan hak suara potensial yang dimiliki Grup.

Generally, there is a presumption that majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including:

i) The contractual arrangement with the other vote holders of the investee,

ii) Rights arising from other contractual arrangements, and

iii) The Group's voting rights and potential voting rights.

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20

c. Prinsip-prinsip konsolidasi (lanjutan) c. Principles of consolidation (continued)

Perusahaan menilai kembali pengendalian atas

investee jika fakta dan keadaan

mengindikasikan adanya perubahan terhadap satu atau lebih dari tiga elemen pengendalian. Konsolidasi atas entitas anak dimulai ketika Grup memiliki pengendalian atas entitas anak dan berhenti ketika Grup kehilangan pengendalian atas entitas anak. Aset, liabilitas, penghasilan dan beban atas entitas anak yang diakuisisi atau dilepas selama periode termasuk dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dari tanggal Grup memperoleh pengendalian sampai dengan tanggal Grup menghentikan pengendalian atas entitas anak.

The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the period are included in the consolidated statement of comprehensive income from the date the Group gains control until the date the Group ceases to control the subsidiary.

Laba atau rugi dan setiap komponen atas penghasilan komprehensif lain diatribusikan pada pemegang saham entitas induk Grup dan pada kepentingan non pengendali (“KNP”), walaupun hasil di KNP mempunyai saldo defisit. Bila diperlukan, penyesuaian dilakukan pada laporan keuangan entitas anak agar kebijakan akuntansinya sesuai dengan kebijakan akuntansi Grup. Semua aset dan liabilitas, ekuitas, penghasilan, beban dan arus kas intragrup berkaitan dengan transaksi antar anggota Grup akan dieliminasi secara penuh dalam proses konsolidasi.

Profit or loss and each component of other comprehensive income are attributed to the equity holders of the parent of the Group and to the non-controlling interests (“NCI”), even if this results in the NCI having a deficit balance. When necessary, adjustments are made to the

consolidated financial statements of

subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses, and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.

Semua saldo dan transaksi antar anggota Grup yang material, termasuk keuntungan atau kerugian yang belum direalisasi, jika ada, dieliminasi untuk mencerminkan posisi keuangan dan hasil operasi Grup sebagai satu kesatuan usaha.

All material accounts and transactions between members of the Group, including unrealized gains or losses, if any, are eliminated to reflect the financial position and the results of operations of the Group as one business entity.

Entitas anak dikonsolidasi secara penuh sejak tanggal akuisisi, yaitu tanggal Grup memperoleh pengendalian, sampai dengan tanggal entitas induk kehilangan pengendalian.

Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtained control, and continue to be consolidated until the date such control ceases.

KNP mencerminkan bagian atas laba atau rugi dan aset neto dari entitas anak yang tidak dapat diatribusikan secara langsung maupun tidak langsung pada entitas induk yang masing-masing disajikan dalam laporan laba rugi dan penghasilan komprehensif lain konsolidasian dan dalam ekuitas pada laporan posisi keuangan konsolidasian, terpisah dari bagian yang dapat diatribusikan kepada pemilik entitas induk.

NCI represents the portion of the profit or loss and net assets of the subsidiaries not attributable directly or indirectly to the parent entity, which are presented in the consolidated statement of profit or loss and other comprehensive income and under the equity section of the consolidated statement of financial position, respectively, separately from the corresponding portion attributable to the owner of the parent entity.