PT JAYA KONSTRUKSI MANGGALA PRATAMA Tbk AND SUBSIDIARIES. PT JAYA KONSTRUKSI MANGGALA PRATAMA Tbk DAN ENTITAS ANAK

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Final Draft/06 April 2022 paraf:

Tanggal 31 Desember 2021 dan 2020 December 31, 2021 and 2020

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Daftar Isi Halaman/ Table of Contents Page

Surat Pernyataan Direksi Board of Directors’ Statement Letter

Laporan Auditor Independen Independent Auditor’s Report

Laporan Keuangan Konsolidasian

Untuk Tahun-tahun yang Berakhir pada Tanggal 31 Desember 2021 dan 2020

Consolidated Financial Statements For the Years Ended December 31, 2021 and 2020

Laporan Posisi Keuangan Konsolidasian 1 Consolidated Statements of Financial Position Laporan Laba Rugi dan Penghasilan

Komprehensif Lain Konsolidasian 3 Consolidated Statements of Profit or Loss and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian 4 Consolidated Statements of Changes in Equity Laporan Arus Kas Konsolidasian 5 Consolidated Statements of Cash Flows Catatan Atas Laporan Keuangan

Konsolidasian

6 Notes to Consolidated Financial Statements

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Catatan terlampir merupakan bagian yang tidak terpisahkan dari The accompanying notes form an integral part of these

laporan keuangan konsolidasian secara keseluruhan consolidated financial statements

Final Draft/06 April 2022 1 Paraf

Catatan/ 2021 2020*)

Notes Rp Rp

ASET ASSETS

Aset Lancar Current Assets

Kas dan Setara Kas 4 562,782,118 556,853,162 Cash and Cash Equivalents

Piutang Usaha Accounts Receivables

Pihak Berelasi 5, 45 58,421,737 94,030,241 Related Parties

Pihak Ketiga 5 665,370,713 688,993,400 Third Parties

Piutang Retensi Retention Receivables

Pihak Ketiga 6 7,285,909 -- Third Parties

Tagihan Bruto Kepada Pemberi Kerja Gross Amount Due from Customers

Aset Keuangan Lancar Lainnya Other Current Financial Assets

Persediaan 9 274,894,617 294,173,908 Inventories

Uang Muka pada Ventura Bersama 10, 45 2,129,965 1,318,590 Advance in Joint Ventures

Uang Muka 11.a 64,714,885 56,720,199 Advances

Biaya Dibayar di Muka 12 17,172,404 33,308,054 Prepaid Expenses

Pajak Dibayar di Muka 24.a 78,393,517 143,266,952 Prepaid Taxes

Pekerjaan dalam Proses Working in Progress

Total Aset Lancar 2,430,994,227 2,569,758,313 Total Current Assets

Aset Tidak Lancar Non - Current Assets

Aset Pajak Tangguhan 24.e 45,986,871 40,361,737 Deferred Tax Assets

Piutang Pihak Berelasi 45 4,118,144 24,351,694 Due From Related Parties

Uang Muka Jangka Panjang 11.b 291,391,201 76,373,262 Long Term Advances

Investasi pada Ventura Bersama 14, 45 302,659,723 621,503,947 Investment in Joint Ventures Investasi pada Entitas Asosiasi 15, 45 555,997,625 625,057,495 Investments in Associates Aset Keuangan Tidak Lancar Lainnya 16 13,854,814 13,260,013 Other Non - Current Financial Assets

Aset Tetap 17 470,287,092 563,657,747 Fixed Assets

Aset Hak Guna 18 1,613,485 1,966,469 Right of Use Assets

Goodwill 19 25,135,683 25,135,683 Goodwill

Aset Lain-lain 20 3,175,057 3,888,898 Other Assets

Total Aset Tidak Lancar 1,714,219,695 1,995,556,945 Total Non - Current Assets

TOTAL ASET 4,145,213,922 4,565,315,258 TOTAL ASSETS

*) Reklasifikasi di Catatan 54. *) As reclassified in Note 54.

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Catatan/ 2021 2020

Notes Rp Rp

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

Liabilitas Jangka Pendek Current Liabilities

Utang Bank 21 140,182,985 776,913,696 Bank Loan

Utang Usaha Accounts Payable

Pihak Berelasi 22,45 181,896 214,493 Related Parties

Utang Proyek 23 21,948,682 15,494,173 Project Payables

Utang Pajak 24.b 26,514,736 35,469,829 Taxes Payable

Liabilitas Bruto kepada Pemberi Kerja Gross Amount Due to Customers

Liabilitas Keuangan Lancar Lainnya Other Short-Term Financial Liabilities

Uang Muka dari Pelanggan Advances from Customers

Beban Akrual 28 367,625,605 221,480,316 Accrued Expenses

Liabilitas Sewa 29 96,892 83,887 Lease Liabilities

Utang Bank Jangka Panjang yang Akan Current Maturities of

Jatuh Tempo Dalam Satu Tahun 30 7,221,438 15,684,390 Long-Term Bank Loans

Total Liabilitas Jangka Pendek 1,137,368,741 1,628,187,787 Total Current Liabilities

Liabilitas Jangka Panjang Non - Current Liabilities

Liabilitas Imbalan Kerja 44.a 50,843,685 60,224,998 Employee Benefit Liabilities

Utang Pihak Berelasi 45 280,777,475 90,468,634 Due To Related Parties

Tanggungan Rugi pada Accumulated Equity in

Ventura Bersama 14, 45 2,206,410 16,396,567 Net Losses of a Joint Ventures

Bagian Jangka Panjang Long-Term Portion of

Utang Bank 30 23,469,419 86,969,847 Bank Loans

Total Liabilitas Jangka Panjang 357,296,989 254,060,046 Total Non - Current Liabilities

TOTAL LIABILITAS 1,494,665,730 1,882,247,833 TOTAL LIABILITIES

Ekuitas Equity

Ekuitas yang dapat diatribusikan kepada Equity Attributable to Owner of the

Pemilik Entitas Induk Parent Entity

Modal Saham - nilai nominal Rp20 Capital Stock - par value Rp 20

per saham (dalam Rupiah penuh) per share (in full Rupiah)

Modal Dasar 30.000.000.000 saham Authorized Capital 30,000,000,000 shares

Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid-up

16.308.519.860 saham 31 326,170,397 326,170,397 16,308,519,860 shares

Tambahan Modal Disetor 32 560,092,534 560,092,534 Additional Paid - in Capital

Selisih Transaksi dengan Difference in Transaction

Pihak Nonpengendali 33 4,781,112 4,781,112 with Non-Controlling Interest

Saldo Laba 1,709,549,022 1,743,160,112 Retained Earnings

Penghasilan Komprehensif Lain 12,313,979 11,962,820 Other Comprehensive Income

Ekuitas yang dapat diatribusikan kepada Equity Attributable to

Pemilik Entitas Induk 2,612,907,044 2,646,166,975 Owners of the Parent Entity

Kepentingan Nonpengendali 35 37,641,148 36,900,450 Non-Controlling Interest

Total Ekuitas 2,650,548,192 2,683,067,425 Total Equity

TOTAL LIABILITAS DAN EKUITAS 4,145,213,922 4,565,315,258 TOTAL LIABILITIES AND EQUITY

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(Dalam Ribuan Rupiah, kecuali dinyatakan lain) (In Thousand Rupiah, unless otherwise stated)

Catatan/ 2021 2020

Notes Rp Rp

PENDAPATAN USAHA 36 3,480,062,858 3,013,778,917 REVENUES

BEBAN POKOK PENDAPATAN 37 (3,013,790,607) (2,520,797,620) COST OF REVENUES

LABA BRUTO 466,272,251 492,981,297 GROSS PROFIT

Penghasilan Lain-lain 41 34,594,891 57,824,371 Other Income

Beban Penjualan 38 (84,385,247) (86,064,392) Selling Expenses

Beban Umum dan Administrasi 39 (294,356,299) (304,157,422) General and Administrative Expenses

Beban Lain-lain 42 (6,465,621) (18,381,721) Other Expenses

LABA USAHA 115,659,975 142,202,133 OPERATING INCOME

Beban Keuangan 40 (45,350,794) (47,862,577) Financial Expenses

Beban Pajak Penghasilan Final 24.d (40,097,482) (38,942,849) Final Income Tax Expenses

Bagian Laba (Rugi) dari Entitas Asosiasi 15 (21,353,378) 68,534,426 Share of Profit (Loss) of Associates

Bagian Rugi dari Ventura Bersama 14 (23,920,120) (34,100,788) Share of Loss of Joint Ventures

LABA (RUGI) SEBELUM PAJAK (15,061,799) 89,830,345 PROFIT (LOSS) BEFORE TAX

BEBAN PAJAK PENGHASILAN 24.c (22,048,299) (37,995,920) INCOME TAX EXPENSES

LABA (RUGI) TAHUN BERJALAN (37,110,098) 51,834,425 PROFIT (LOSS) FOR THE YEAR

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Pos-pos yang Tidak akan Direklasifikasi Items that Will Not be Reclassified

ke Laba Rugi to Profit or Loss

Pengukuran Kembali atas Program Remeasurement of Defined

Imbalan Pasti 44.d 4,576,248 (3,585,507) Benefit Plan

Bagian Penghasilan Komprehensif Share of Other Comprehensive

Lain Entitas Asosiasi 15 3,228 713,036 Income of Associate

Perubahan Nilai Wajar Investasi -- 8,740,013 Fair Value Changes on Investment

Pajak Penghasilan Terkait Related Income Tax

Tidak akan Direklasifikasi ke Laba Rugi (484,519) 330,260 Not be Reclassified to Profit or Loss

Selisih Nilai Wajar Investasi Fair Value Difference on

Tersedia untuk Dijual 16 594,801 -- Available for Sale Investments

Pos-pos yang akan Items that May be Reclassified

Direklasifikasi ke Laba Rugi Subsequently to Profit or Loss

Selisih Kurs atas Exchange Differences on

Penjabaran Laporan Keuangan 450,204 751,916 Translation of Financial Statements

Pajak Penghasilan Terkait Related Income Tax

yang akan Direklasifikasi ke Laba Rugi (99,045) (165,421) can be Reclassified to Profit or Loss Total Penghasilan Komprehensif Lain 5,040,917 6,784,297 Total Other Comprehensive Income

TOTAL LABA (RUGI) KOMPREHENSIF TOTAL COMPREHENSIVE INCOME

TAHUN BERJALAN (32,069,181) 58,618,722 (LOSS) FOR THE YEARS

LABA (RUGI) TAHUN BERJALAN PROFIT (LOSS) FOR THE YEAR

YANG DAPAT DIATRIBUSIKAN KEPADA : ATTRIBUTABLE TO:

Pemilik Entitas Induk (38,061,934) 52,959,730 Owner of the Parent Entity

Kepentingan Nonpengendali 951,836 (1,125,305) Non-Controlling Interest

LABA TAHUN BERJALAN (37,110,098) 51,834,425 PROFIT FOR THE YEAR

TAHUN BERJALAN YANG DAPAT (LOSS) FOR THE YEAR

DIATRIBUSIKAN KEPADA : ATTRIBUTABLE TO:

Pemilik Entitas Induk (33,259,931) 59,647,215 Owner of the Parent Entity

Kepentingan Nonpengendali 35 1,190,750 (1,028,493) Non-Controlling Interest

TAHUN BERJALAN (32,069,181) 58,618,722 (LOSS) FOR THE YEAR

LABA (RUGI) PER SAHAM DASAR BASIC EARNINGS PER SHARE

(DALAM RUPIAH PENUH) 43 (2.33) 3.25 (IN FULL RUPIAH)

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Notes Modal Disetor/ Tambahan Selisih Jumlah/ Nonpengendali/ Total Equity

Issued and Fully Modal Transaksi dengan Telah Ditentukan Belum Ditentukan Total Non - Controlling

Paid Capital Disetor/ Pihak Penggunaannya/ Penggunaannya/ Interest

Additional Nonpengendali/ Appropriated Unappropriated*)

Paid - in Difference in Perubahan Nilai Selisih Kurs

Capital Transaction with Wajar Investasi/ atas Penjabaran

Non Controlling Fair Value Laporan Keuangan/

Interest Changes on Exchange

Investment Differences on Translation of Financial Statements

Rp Rp Rp Rp Rp Rp Rp Rp Rp Rp

SALDO PER 31 DESEMBER 2019 326,170,397 560,092,534 4,781,112 65,234,079 1,700,923,581 -- 2,636,312 2,659,838,015 37,928,945 2,697,766,960 BALANCE AS OF DECEMBER 31, 2019

Penyesuaian Penerapan Adjustment on Initial

Awal PSAK Baru -- -- -- -- (34,177,807) -- -- (34,177,807) (2) (34,177,809) Implementation of New PSAK

SALDO PER 1 JANUARI 2020 326,170,397 560,092,534 4,781,112 65,234,079 1,666,745,774 -- 2,636,312 2,625,660,208 37,928,943 2,663,589,151 BALANCE AS OF JANUARY 1, 2020

Dividen Tunai 34 -- -- -- -- (39,140,448) -- -- (39,140,448) -- (39,140,448) Cash Dividend

Laba Tahun Berjalan -- -- -- -- 52,959,730 -- -- 52,959,730 (1,125,305) 51,834,425 Income For the Year

Penghasilan Komprehensif Lain -- -- -- -- (2,639,023) 8,740,013 586,495 6,687,485 96,812 6,784,297 Other Comprehensive Income

SALDO PER 31 DESEMBER 2020 326,170,397 560,092,534 4,781,112 65,234,079 1,677,926,033 8,740,013 3,222,807 2,646,166,975 36,900,450 2,683,067,425 BALANCE AS OF DECEMBER 31, 2020

Dividen Entitas Anak 1.c -- -- -- -- -- -- -- -- (450,052) (450,052) Dividend of Subsidiaries

Laba Tahun Berjalan -- -- -- -- (38,061,934) -- -- (38,061,934) 951,836 (37,110,098) Income For the Year

Penghasilan Komprehensif Lain -- -- -- -- 4,450,844 -- 351,159 4,802,003 238,914 5,040,917 Other Comprehensive Income

SALDO PER 31 DESEMBER 2021 326,170,397 560,092,534 4,781,112 65,234,079 1,644,314,943 8,740,013 3,573,966 2,612,907,044 37,641,148 2,650,548,192 BALANCE AS OF DECEMBER 31, 2021

*) Saldo Laba yang Belum Ditentukan Penggunaannya Termasuk Pengukuran Kembali atas Program Imbalan Pasti/ Unappropriated Retained Earnings Include Remeasurement on Defined Benefit Plan Saldo Laba/Retained Earnings Penghasilan

Income Komprehensif Lain/

Other Comprehensive

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Final Draft/06 April 2022 ⁵ Paraf

Catatan/ 2021 2020

Notes Rp Rp

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan dari Pelanggan 3,605,066,478 3,337,038,314 Received from Customers

Pembayaran kepada Pemasok (3,096,513,691) (2,888,144,797) Payments to Suppliers

Pembayaran kepada Pihak Ketiga (83,830,191) (78,098,932) Payments to Third Parties

Pembayaran Pajak Penghasilan (50,369,847) (63,792,951) Payment of Income Tax

Penerimaan Restitusi Pajak Penghasilan Badan 5,227,420 29,068,347 Receipt of Corporate Income Tax Restitution Penerimaan Restitusi Pajak Pertambahan Nilai 55,072,717 11,633,470 Receipt of Value Added Tax Restitution

Pembayaran kepada Karyawan (150,521,133) (172,970,982) Payments to Employees

Pembayaran Bunga (45,699,744) (48,059,780) Interest Payment

Penerimaan Bunga 9,844,506 9,052,552 Interest Received

Arus Kas Neto Diperoleh dari Net Cash Flow Provided by

Aktivitas Operasi 248,276,515 135,725,241 Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Deposito yang Dijaminkan Pledge Time Deposits

Pencairan 166,498 18,000 Disbursement

Aset Tetap Fixed Assets

Penjualan 17 1,213,040 3,202,224 Sales

Pembelian 17 (15,644,225) (24,873,867) Acquisition

Penambahan Aset Hak Guna 18 (2,546,310) --

Pembayaran Uang Muka Aset Tetap (12,992,452) (4,375,125) Payment of Advances for Fixed Assets

Pinjaman kepada Pihak Berelasi (20,233,550) (59,387,871) Loan to Related Parties

Penerimaan Dividen dari Dividend Received

Penyertaan Saham -- 17,142 from Investment in Share

Penerimaan Dividen dari Dividend Received

Entitas Asosiasi 15 6,809,021 60,760,116 from Associates

Penambahan Investasi pada Ventura Bersama 14 (27,205,663) (154,569,792) Addition of Investment on Joint Ventures Pengurangan Investasi pada Ventura Bersama 14 307,939,609 302,782,125 Redemption of Investment on Joint Ventures Pengurangan Investasi pada Entitas Asosiasi 15 48,888,000 -- Redemption of Investment in Associates Penambahan Investasi pada Entitas Asosiasi 15 (7,987,301) (1,043,250) Addition Investment in Associates

Arus Kas Neto Diperoleh dari Net Cash Flow Provided by

Aktivitas Investasi 278,406,668 122,529,702 Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOW FROM FINANCING ACTIVITIES

Pembayaran Utang Bank (5,198,332,942) (5,687,583,182) Payment of Bank Loan

Penerimaan Utang Bank 4,488,201,176 5,675,278,796 Received of Bank Loan

Pembayaran Dividen 33 -- (39,140,448) Payments of Dividend

Pembayaran Dividen Entitas Anak (450,052) (1,089,222) Payments of Dividend of Subsidiaries

Pembayaran kepada Pihak Berelasi (23,214,777) (80,716,191) Payments to Related Parties

Penerimaan dari Pihak Berelasi 213,523,618 78,180,233 Received from Related Parties

Pembayaran Liabilitas Sewa (616,908) (240,600) Payment for Lease Liabilities

Arus Kas Neto Digunakan untuk Net Cash Flow Used in

Aktivitas Pendanaan (520,889,885) (55,310,614) Financing Activities

KENAIKAN NETO INCREASE NET

KAS DAN SETARA KAS 5,793,298 202,944,329 CASH AND CASH EQUIVALENTS

PENGARUH PERUBAHAN KURS EFFECT FROM EXCHANGES RATES CHANGES

VALUTA KAS DAN SETARA KAS 135,658 189,796 IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AWAL TAHUN 556,853,162 353,719,037 AT THE BEGINNING OF THE YEAR

CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS AKHIR TAHUN 562,782,118 556,853,162 AT THE END OF THE YEAR

Tambahan informasi aktivitas yang tidak mempengaruhi arus kas disajikan pada Catatan 53.

Additional information of non cash activities is presented in Note 53.

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1. Umum 1. General 1.a. Pendirian Perusahaan 1.a. Establishment of the Company

PT Jaya Konstruksi Manggala Pratama Tbk (”Perusahaan”) didirikan tanggal 23 Desember 1982 sesuai dengan Akta Notaris Hobropoerwanto, S.H., No.45, yang telah diubah dengan Akta Notaris No.21 tanggal 20 Mei 1983 dari Notaris yang sama dan telah diumumkan dalam Berita Negara No.96 tanggal 2 Desember 1983, Tambahan No.1031.

PT Jaya Konstruksi Manggala Pratama Tbk (“the Company”) was established on December 23, 1982 in accordance with Notarial Deed No.45 of Hobropoerwanto, S.H., which has been amended with Notarial Deed No. 21 from the same Notary, dated May 20, 1983 and was published in State Gazette No.96, Supplement No.1031 dated December 2, 1983.

Anggaran dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan Akta Notaris No.45 tanggal 16 Juli 2020 dari Notaris Aulia Taufani, S.H., Notaris di Jakarta.

Perubahan maksud dan tujuan Perusahaan telah mendapatkan pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan keputusan No. AHU-AH.01.03-0346718 tanggal 13 Agustus 2020.

The Company's Articles of Association has been amended several times, most recently by Notarial Deed No. 45 dated July 16, 2020 from Notary Aulia Taufani, S.H., Notary in Jakarta.

The change in the Company's aims and objectives has been approved by the Minister of Law and Human Rights of the Republic of Indonesia with Decree No. AHU-AH.01.03- 0346718 dated August 13, 2020.

Sesuai dengan pasal 3 ayat 2 anggaran dasar Perusahaan, Perusahaan dapat menjalankan kegiatan usaha utama dan kegiatan usaha penunjang.

In accordance with article 3 paragraph 2 of the Company's articles of association, the Company may perform its main and support operations.

Kegiatan usaha utama Perusahaan adalah sebagai berikut:

The Company’s main operations are as follows:

a. Menjalankan usaha-usaha di bidang pembangunan;

a. Operating in the field of construction;

b. Menjalankan usaha-usaha di bidang perdagangan;

b. Operating in trading;

c. Menjalankan usaha-usaha di bidang perindustrian; dan

c. Operating in industrial; and d. Menjalankan usaha-usaha di bidang jasa. d. Operating in services.

Kegiatan usaha penunjang Perusahaan adalah sebagai berikut:

The Company’s support operations are as follows:

a. Real Estat yang dimiliki sendiri atau disewa;

dan

a. Owned or leased real estate; and b. Perdagangan besar bahan dan barang kimia

besar.

b. Large trade in materials and chemical goods.

Perusahaan beralamat di Kantor Taman Bintaro Jaya Gedung B, Jalan Bintaro Raya, Jakarta.

Perusahaan merupakan salah satu entitas anak PT Pembangunan Jaya dan mulai beroperasi secara komersial sejak tahun 1982.

The Company is domiciled in Kantor Taman Bintaro Jaya Office Building B, Jalan Bintaro Raya, Jakarta. The Company is one of the Subsidiaries of PT Pembangunan Jaya and started its commercial operations in 1982.

Perusahaan merupakan bagian Grup Jaya.

Entitas induk terakhir adalah PT Pembangunan Jaya.

The Company is part of Jaya Group. The ultimate parent Group is PT Pembangunan Jaya.

1.b. Penawaran Umum Saham Perusahaan 1.b. Initial Public Offering of the Company’s Shares

Pada tanggal 26 November 2007, Perusahaan memperoleh Pernyataan Efektif dari Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan (BAPEPAM-LK) berdasarkan Surat

On November 26, 2007, the Company obtained the Effective Statement from the Chairman of the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) in its letters

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Keputusan No.S-5976/BL/2007 tanggal 26 November 2007 untuk melakukan penawaran umum atas 300.000.000 saham dengan nilai nominal Rp100 (dalam Rupiah penuh) per saham dan harga pelaksanaan sebesar Rp615 (dalam Rupiah penuh) per saham. Saham Perusahaan tersebut telah diperdagangkan di Bursa Efek Indonesia (BEI) mulai tanggal 4 Desember 2007.

No. S-5976/BL/2007 dated November 26, 2007 for the Company’s Initial Public Offering of 300,000,000 shares, with the par value of Rp100 (in full Rupiah) per share and the exercise price of Rp615 (in full Rupiah) per share. The Company’s shares have been traded in Indonesian Stock Exchange (BEI) since December 4, 2007.

Pada Juli 2013, Perusahaan memperoleh pernyataan efektif dari Kepala Eksekutif Pengawas Pasar Modal Otoritas Jasa Keuangan (OJK) berdasarkan Surat Keputusan No.S- 183/D.04/2013 tanggal 21 Juni 2013 untuk melakukan Penawaran Umum Terbatas I (PUT I) atas 326.170.397 saham dengan nilai nominal Rp100 (dalam Rupiah penuh) per saham dan harga pelaksanaan sebesar Rp1.400 (dalam Rupiah penuh) per saham.

On July 2013, the Company obtained the effective statement from the Chief Financial Services Authority (OJK) Capital Market Supervisory Executive in its letters No. S- 183/D.04/2013 dated June 21, 2013 regarding the Company’s limited public offering of 326,170,397 shares, with the par value of Rp100 (in full Rupiah) per share and the exercise price of Rp1,400 (in full Rupiah) per share.

Pada September 2013, BEI menyetujui pelaksanaan stock split atas saham Perseroan sehingga, saham Perseroan yang dicatatkan di Bursa menjadi 16.308.519.860, dengan nilai nominal saham Rp20 (dalam Rupiah Penuh).

In September 2013, IDX approved the implementation of a stock split of the Company's shares so that the Company's shares listed on the Exchange became 16,308,519,860, with a nominal share value of Rp20 (in Full Rupiah).

Pada tanggal 31 Desember 2021 dan 2020 saham Perusahaan sejumlah 16.308.519.860 (nilai penuh) lembar saham telah dicatatkan pada BEI.

As of December 31, 2021 and 2020, the Company's 16,308,519,860 (full amount) outstanding shares have been listed on the BEI.

1.c. Struktur Entitas Anak 1.c. Structure of the Subsidiaries Perusahaan memiliki baik secara langsung

maupun tidak langsung lebih dari 50% saham dan/atau mempunyai kendali atas manajemen entitas-entitas anak sebagai berikut:

The Company has direct and indirect ownerships of more than 50% shares and/or has control in the following subsidiaries:

2021 2020 2021 2020

% % Rp Rp

Dikonsolidasi/ Consolidated Kepemilikan Langsung/

Direct Ownership

PT Jaya Trade Indonesia (JTI) Jakarta Perdagangan/Trading 1971 99.99 99.99 1,063,468,695 1,291,228,325

PT Jaya Beton Indonesia (JBI) Tangerang Produksi Komponen Barang Bangunan dari Beton/Concrete's Material

Component Product

1978 99.90 99.90 520,308,826 555,526,770

PT Jaya Teknik Indonesia (JTN) Jakarta

Perdagangan, Kontraktor Mechanical Electrical / Pemborongan dan Jasa/

Trading, Mechanical Electrical, Contractor & Services

1970 99.99 99.99 470,052,202 623,263,685

PT Jaya Daido Concrete (JDC) Tangerang Produksi Komponen Barang Bangunan dari Beton/Concrete's Material

Component Product

1991 88.76 88.76 19,579,252 18,974,280

PT Jaya Konstruksi Jakarta Pembangunan dan Jasa/ 2009 75.00 75.00 5,049,222 8,336,887

Pratama Tol (JKPT) Contractor and Services

Kegiatan Usaha/ Nature of Business Tempat

Kedudukan/

Domicile Entitas Anak/ Subsidiaries

and Indirect) Persentase Kepemilikan

Total Aset/ Total Assets

(Langsung dan Tidak Langsung)/

Percentage of Ownership Tahun Mulai

Beroperasi/

Start of Operations

(Direct

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2021 2020 2021 2020

% % Rp Rp

Total Aset/ Total Assets

(Langsung dan Tidak Langsung)/

Percentage of Ownership Tahun Mulai

Beroperasi/

Start of Operations

(Direct Kegiatan Usaha/ Nature of Business

Tempat Kedudukan/

Domicile Entitas Anak/ Subsidiaries

and Indirect) Persentase Kepemilikan

Dikonsolidasi/ Consolidated Kepemilikan Tidak Langsung Melalui

PT Jaya Trade Indonesia Indirect Ownership through

PT Jaya Trade Indonesia

PT Jaya Gas Indonesia Jakarta Dealer Gas Pertamina/ Pertamina Gas Dealer

1970 99.99 99.99 82,373,487 108,953,843

PT Metroja Mandiri Tangerang Dealer Gas Pertamina/ Pertamina Gas Dealer

1978 99.20 99.20 6,875,787 7,979,476

PT Toba Gena Utama Belawan Dealer Aspal Pertamina/ Pertamina Asphalt Dealer

1991 99.00 99.00 81,086,196 84,499,335

PT Adibaroto Nugratama Jakarta Dealer Aspal dan Gas Pertamina/

Pertamina Asphalt and LPG Dealer

1994 77.50 77.50 22,156,119 21,295,266

PT Adigas Jaya Pratama Bandung Dealer Gas Pertamina/ Pertamina Gas Dealer

1997 80.00 80.00 7,465,188 6,703,304

PT Kenrope Utama Bekasi Stasiun Pengisian dan Pengangkutan

Bulk Elpiji/Station LPG and Bulk Transportation

1997 80.00 80.00 14,060,552 15,447,057

PT Sarana Bitung Utama Bitung Dealer Aspal / Asphalt Dealer 1997 99.00 99.00 68,523,833 64,338,957

PT Sarana Lampung Utama Lampung DealerAspal/Asphalt Dealer 2004 99.00 99.00 45,258,242 39,267,666

PT Sarana Lombok Utama Lombok

Perdagangan Aspal/Asphalt Trading 2006 99.00 99.00 58,041,514 63,384,534 PT Sarana Merpati Utama Bandung Dealer Aspal Pertamina/ Pertamina

Asphalt Dealer

2006 99.00 99.00 1,470,227 1,532,252

PT Global Bitumen Utama Cirebon Dealer Aspal dan Gas/ Asphalt and LPG Dealer

2008 99.00 99.00 76,008,713 86,896,204

PT Sarana Jambi Utama Jambi

Perdagangan Aspal/Asphalt Trading 2008 99.00 99.00 68,114,710 64,078,782

PT Sarana Aceh Utama Aceh

Perdagangan Aspal/Asphalt Trading 2009 99.00 99.00 64,406,839 87,613,927 PT Sarana Mbay Utama Flores Dealer Aspal Pertamina/ Pertamina

Asphalt Dealer

2009 99.33 99.33 37,175,524 39,290,347

PT Kenrope Sarana Pratama Bekasi Stasiun Pengisian dan Pengangkutan Bulk Elpiji/ Station LPG and Bulk

Transportation

2010 80.00 80.00 7,182,768 6,019,727

PT Sarana Sampit Mentaya Utama Sampit

Perdagangan Aspal/Asphalt Trading 2010 98.86 98.86 87,614,745 88.618.940 PT Kenrope Utama Sentul Bogor Stasiun Pengisian dan Pengangkutan

Bulk Elpiji/ Station LPG and Bulk Transportation

2011 80.00 80.00 5,502,102 4,880,936

PT Sarana Sumber Daya Utama Jakarta Pertambangan/ Mining 2011 99.00 99.00 1,000,000 1,000,000

Jaya Trade Pte Ltd Singapura

Penyewaan Kapal/ Charter of Vessels 2014 100.00 100.00 136,989,660 156,722,092

PT Sarana Jatra Konstruksi Jakarta Pembangunan dan Perdagangan/ 2018 99.00 99.00 4,165,753 4,953,588

Pratama Construction and Trading

PT Jatra Prasarana Utama Jakarta Perdagangan/Trading 2019 99.00 99.00 6,875,787 8,585,279

Kepemilikan Tidak Langsung Melalui PT Jaya Beton Indonesia Indirect Ownership through

PT Jaya Beton Indonesia

PT Jaya Celcon Prima Jakarta Manufaktur/Manufacturer 1980 55.00 55.00 59,355,803 58,561,782

Kepemilikan Tidak Langsung Melalui PT Jaya Teknik Indonesia Indirect Ownership through

PT Jaya Teknik Indonesia

PT Jaya Multi Sarana Indonesia Jakarta Jasa, Perdagangan Umum, 2018 99.93 99.93 3,644,813 5,787,036

Pembangunan, Perbengkelan dan Perindustrian/

Services, General Trading, Construction, Workshop

and Industry

PT Jaya Multi Sarana Indonesia (JMSI) PT Jaya Multi Sarana Indonesia (JMSI) Berdasarkan Akta Pernyataan Keputusan

Pemegang Saham JMSI No. 6 tanggal 30 Maret 2020, dari Notaris Sarah Lyndiani Hudioro, S.H., M.Kn., disetujui penurunan modal dasar JMSI dari Rp50.000.000 menjadi Rp10.000.000, yang terdiri dari 200.000 saham dengan nilai nominal Rp50.000 (dalam rupiah penuh) dan modal yang disetor dan ditempatkan yang semula 350.000 lembar saham atau sebesar Rp17.500.000 menjadi sebesar Rp2.500.000 yang terdiri dari

Based on the Deed of Declaration of Shareholders' Decision JMSI No. 6 dated March 30, 2020, from Notary Sarah Lyndiani Hudioro, S.H., M.Kn., it was approved that JMSI's authorized capital was reduced from Rp50,000,000 to Rp10,000,000, consisting of 200,000 shares with a nominal value of Rp50,000 (in full rupiah) and issued and fully paid-up capital, which is originally 350,000 shares or amounting to Rp17,500,000 became

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50.000 saham. Perubahan ini telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dalam surat keputusannya No. AHU 9936207.AH.01.02.Tahun 2020 tanggal 11 April 2020.

Rp2,500,000, consisting of 50,000 shares. This changes has been authorized by the Minister of Law and Human Rights of the Republic of Indonesia in his Decree No. AHU 9936207.AH.01.02.Tahun 2020 dated April 11, 2020.

PT Jatra Prasarana Utama (JPU) (d/h PT Jaya

Trade Prasarana)

PT Jatra Prasarana Utama (JPU) (formerly PT Jaya Trade Prasarana)

Berdasarkan Akta No.4 tanggal 12 April 2021 dibuat di hadapan Retno Rini P. Dewanto, S.H., Notaris di Jakarta, PT Jaya Trade Prasarana melakukan perubahan nama menjadi PT Jatra Prasarana Utama. Perubahan ini telah diterima pemberitahuannya oleh Menteri Hukum dan Hak Asasi Manusia melalui Surat Keputusan No. AHU-0022740.AH.01.02 Tahun 2021 tanggal 15 April 2021.

Based on Deed No. 4 dated April 12, 2021 made in presence of Retno Rini P. Dewanto, S.H., Notary in Jakarta, PT Jaya Trade Prasana changed its name to PT Jatra Prasana Utama.

Notification of this change has been received by the Minister of Law and Human Rights through Decree No. AHU-0022740.AH.01.02 Year 2021, April 15, 2021.

1.d. Dewan Komisaris, Direksi dan Karyawan 1.d. Board of Commissioners, Directors and Employees

Per 31 Desember 2021 dan 2020, Berdasarkan Akta No. 75 tanggal 22 Juni 2021 dan Akta No. 44 tanggal 16 Juli 2020, keduanya dari Notaris Aulia Taufani S.H., susunan Dewan Komisaris dan Direksi adalah sebagai berikut:

As of December 31, 2021 and 2020, based on Deed No. 75 dated 22 June 2021 and Deed No. 44 dated July 16, 2020, both from Notary Aulia Taufani S.H., the composition of the Board of Commissioners and Board of Directors is as follows:

2021 2020

Dewan Komisaris Board of Commissioners

Presiden Komisaris : Trisna Muliadi Trisna Muliadi : President Commissioner

Komisaris : Masagoes Ismail Ning Masagoes Ismail Ning : Commissioners

Komisaris Independen : Kristianto Indrawan Kristianto Indrawan : Independent Commissioners

Frans Satyaki Sunito --

Direksi Directors

Presiden Direktur : Umar Ganda Sutopo Kristanto : President Director

Wakil Presiden Direktur : Okky Dharmosetio Okky Dharmosetio : Vice President Director

Ida Bagus Rajendra Umar Ganda

Direktur : Zali Yahya Zali Yahya : Directors

Direktur Independen : Hardjanto Agus Priambodo Hardjanto Agus Priambodo : Independent Director

Jumlah karyawan Perusahaan dan entitas anak (“Grup”) per 31 Desember 2021 dan 2020 masing-masing 1.304 dan 1.395 orang (tidak diaudit).

The Company and subsidiaries (“the Group”) number of employees as of December 31, 2021 and 2020 are 1,304 and 1,395 respectively (unaudited).

1.e. Komite Audit 1.e. Audit Committee

Sesuai dengan surat keputusan rapat dewan komisaris tanggal 16 Juli 2020 No. 06/KOM/JK/VII/2020, susunan Komite Audit Perusahaan pada tanggal 31 Desember 2021 dan 2020 adalah sebagai berikut:

In accordance with the decision letter of the board of commissioners meeting dated July 16, 2020 No.06/KOM/JK/VII/2020, the Company's Audit Committee as of December 31, 2021 and 2020 are as follows:

2021 dan/ and 2020

Komite Audit Audit Committee

Ketua : Kristianto Indrawan : Chairman

Anggota : Lien Lien Anggrahini : Members

Anggota : Jopi Sulistio : Members

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Kepala Satuan Pengawas Internal dan Sekretaris Perusahaan adalah Rahmi Indah Fajar Sari dan Hardjanto Agus Priambodo.

Head of Internal Audit and Corporate Secretary are Rahmi Indah Fajar Sari and Hardjanto Agus Priambodo.

2. Kebijakan Akuntansi Signifikan 2. Significant Accounting Policies 2.a. Pernyataan Kepatuhan 2.a. Statement of Compliance

Laporan keuangan konsolidasian telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia yang meliputi Pernyataan Standar Akuntansi Keuangan (PSAK) dan Interpretasi Standar Akuntansi Keuangan (ISAK) yang diterbitkan oleh Dewan Standar Akuntansi Indonesia - Ikatan Akuntan Indonesia (DSAK – IAI), serta peraturan Pasar Modal yang berlaku antara lain Peraturan Otoritas Jasa Keuangan/Badan Pengawas Pasar Modal dan Lembaga Keuangan (OJK/Bapepam-LK) No.VIII.G.7 tentang pedoman penyajian laporan keuangan, keputusan Ketua Bapepam-LK No.KEP- 347/BL/2012 tentang penyajian dan pengungkapan laporan keuangan emiten atau perusahaan publik.

The consolidated financial statements were prepared and presented in accordance with Indonesian Financial Accounting Standards which include the Statement of Financial Accounting Standards (PSAK) and Interpretation of Financial Accounting Standards (ISAK) issued by the Financial Accounting Standard Board – Indonesian Institute of Accountant (DSAK – IAI), and regulations in the Capital Market include Regulations of Financial Sevices Authority/

Capital Market and Supervisory Board and Financial Institution (OJK/Bapepam-LK) No.VIII.G.7 regarding guidelines for the presentation of financial statements, decree of Chairman of Bapepam-LK No.KEP- 347/BL/2012 regarding presentation and disclosure of financial statements of the issuer or public company.

2.b. Dasar Pengukuran dan Penyusunan Laporan Keuangan Konsolidasian

2.b. The Basis of Measurement and Preparation of Consolidated Financial Statements

Laporan keuangan konsolidasian disusun dan disajikan berdasarkan asumsi kelangsungan usaha serta atas dasar akrual, kecuali laporan arus kas konsolidasian. Dasar pengukuran dalam penyusunan laporan keuangan konsolidasian ini adalah konsep biaya perolehan, kecuali beberapa akun tertentu yang didasarkan pengukuran lain sebagaimana dijelaskan dalam kebijakan akuntansi masing- masing akun tersebut. Biaya perolehan umumnya didasarkan pada nilai wajar imbalan yang diserahkan dalam pemerolehan aset.

The consolidated financial statements have been prepared and presented based on going concern assumption and accrual basis of accounting, except for the consolidated statements of cash flows. Basis of measurement in preparation of these consolidated financial statements is the historical costs concept, except for certain accounts which have been prepared on the basis of other measurements as described in their respective policies. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan.

The consolidated statements of cash flows are prepared based on the direct method by classifying cash flows into operating, investing and financing activities.

Mata uang penyajian yang digunakan dalam penyusunan laporan keuangan konsolidasian ini adalah Rupiah yang merupakan mata uang fungsional Grup. Setiap entitas di dalam Grup menetapkan mata uang fungsional sendiri dan unsur-unsur dalam laporan keuangan konsolidasian dari setiap entitas diukur berdasarkan mata uang fungsional tersebut.

The presentation currency used in the preparation of the consolidated financial statements is Indonesian Rupiah which is the functional currency of the Group. Each entity in the Group determines its own functional currency and items included in the concolidated financial statements of each entity are measured using that functional currency.

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2.c. Pernyataan dan Interpretasi Standar Akuntansi Baru dan Revisi yang Berlaku Efektif pada Tahun Berjalan

2.c. New and Revised Statements and Interpretation of Financial Accounting Standards Effective in the Current Year Amendemen dan penyesuaian tahunan atas

standar yang berlaku efektif untuk periode yang dimulai pada atau setelah 1 Januari 2021, dengan penerapan dini diperkenankan yaitu:

Amendment and annual improvement to standards which effective for periods beginning on or after January 1, 2021, with early adoption is permitted, are as follows:

• PSAK 22 (Amendemen 2019): Kombinasi Bisnis tentang Definisi Bisnis;

• PSAK 22 (Amendment 2019): Business Combinations regarding Definition of Business;

• Amendemen PSAK 71, Amendemen PSAK 55, Amendemen PSAK 60, Amendemen PSAK 62 dan Amendemen PSAK 73 tentang Reformasi Acuan Suku Bunga – Tahap 2;

• Amendment PSAK 71, Amendment PSAK 55, Amendment PSAK 60, Amendment PSAK 62, and Amendment PSAK 73 regarding Interest Rate Benchmark Reform – Phase 2;

• PSAK 110 (Penyesuaian 2020): Akuntansi Sukuk;

• PSAK 110 (Improvement 2020): Accounting for Sukuk;

• PSAK 111 (Penyesuaian 2020): Akuntansi Wa’d;

• PSAK 111 (Improvement 2020): Accounting for Wa’d;

• PSAK 112: Akuntansi Wakaf; • PSAK 112: Accounting for Endowments;

• PSAK 1 (Penyesuaian Tahunan 2021):

Penyajian Laporan Keuangan;

• PSAK 1 (Annual Improvement 2021):

Presentation of Financial Statements;

Properti Investasi;

Investment Properties;

Penurunan Nilai Aset;

Impairment of Assets;

Pengaturan Bersama; dan

• PSAK 66 (Annual Improvement 2021): Joint Arrangement; and

• ISAK 16 (Penyesuaian Tahunan 2021):

Perjanjian Konsesi Jasa.

• ISAK 16 (Annual Improvement 2021):

Service Concession Arrangements.

Implementasi dan standar-standar tersebut tidak memiliki dampak yang signifikan terhadap jumlah yang dilaporkan di periode berjalan atau tahun sebelumnya.

The implementation of the above standards had no significant effect on the amounts reported for the current period or prior financial year.

2.d. Prinsip-prinsip Konsolidasi 2.d. Principles of Consolidation Laporan keuangan konsolidasian mencakup

laporan keuangan Perusahaan dan entitas anak seperti disebutkan pada Catatan 1.c.

The consolidated financial statements incorporate the financial statements of the Company and its subsidiaries as described in Note 1.c.

Entitas anak adalah entitas yang dikendalikan oleh Grup, yakni Grup terekspos, atau memiliki hak, atas imbal hasil variabel dari keterlibatannya dengan entitas dan memiliki kemampuan untuk mempengaruhi imbal hasil tersebut melalui kemampuan kini untuk mengarahkan aktivitas relevan dari entitas (kekuasaan atas investee).

A subsidiary is an entity controlled by the Group, ie the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its current ability to direct the entity’s relevant activities (power over the investee).

Keberadaan dan dampak dari hak suara potensial dimana Grup memiliki kemampuan praktis untuk melaksanakan (yakni hak substantif) dipertimbangkan saat menilai apakah Grup mengendalikan entitas lain.

The existence and effect of substantive potential voting rights that the Group has the practical ability to exercise (ie substantive rights) are considered when assessing whether the Group controls another entity.

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Laporan keuangan konsolidasian Grup mencakup hasil usaha, arus kas, aset dan liabilitas dari Perusahaan dan seluruh entitas anak yang, secara langsung dan tidak langsung, dikendalikan oleh Perusahaan.

The Group’s consolidated financial statements incorporate the results, cash flows, assets and liabilities of the Company and all of its directly and indirectly controlled subsidiaries.

Entitas anak dikonsolidasikan sejak tanggal efektif akuisisi, yaitu tanggal dimana Grup secara efektif memperoleh pengendalian atas bisnis yang diakuisisi, sampai tanggal pengendalian berakhir.

Subsidiaries are consolidated from the effective date of acquisition, which is the date on which the Group effectively obtains control of the acquired business, until that control ceases.

Entitas induk menyusun laporan keuangan konsolidasian dengan menggunakan kebijakan akuntansi yang sama untuk transaksi dan peristiwa lain dalam keadaan yang serupa.

Seluruh transaksi, saldo, penghasilan, beban, dan arus kas dalam intra kelompok usaha terkait dengan transaksi antar entitas dalam kelompok usaha dieliminasi secara penuh.

A parent prepares consolidated financial statements using uniform accounting policies for like transactions and other events in similar circumstances. All intragroup transactions, balances, income, expenses and cash flows relating to transaction between entities of the group are eliminated in full.

Grup mengatribusikan laba rugi dan setiap komponen dari penghasilan komprehensif lain kepada pemilik entitas induk dan kepentingan nonpengendali meskipun hal tersebut mengakibatkan kepentingan nonpengendali memiliki saldo defisit. Grup menyajikan kepentingan nonpengendali di ekuitas dalam laporan posisi keuangan konsolidasian, terpisah dari ekuitas pemilik entitas induk.

The Group attributed the profit or loss and each component of other comprehensive income to the owners of the parent and non-controlling interest even though this results in the non- controlling interests having a deficit balance.

The Group presents non-controlling interest in equity in the consolidated statement of financial position, separately from the equity owners of the parent.

Perubahan dalam bagian kepemilikan entitas induk pada entitas anak yang tidak mengakibatkan hilangnya pengendalian adalah transaksi ekuitas (yaitu transaksi dengan pemilik dalam kapasitasnya sebagai pemilik).

Ketika proporsi ekuitas yang dimiliki oleh kepentingan nonpengendali berubah, Grup menyesuaikan jumlah tercatat kepentingan pengendali dan kepentingan nonpengendali untuk mencerminkan perubahan kepemilikan relatifnya dalam entitas anak.

Changes in the parent’s ownership interest in a subsidiary that do not result in loss of control are equity transactions (ie transactions with owners in their capacity as owners). When the proportion of equity held by non-controlling interest change, the Group adjusted the carrying amounts of the controlling interest and non-controlling interest to reflect the changes in their relative interest in the subsidiaries.

Selisih antara jumlah dimana kepentingan nonpengendali disesuaikan dan nilai wajar dari jumlah yang diterima atau dibayarkan diakui langsung dalam ekuitas dan diatribusikan pada pemilik dari entitas induk.

Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the parent.

Jika Grup kehilangan pengendalian, maka Grup:

If the Group loses control, the Group:

(a) Menghentikan pengakuan aset (termasuk goodwill) dan liabilitas entitas anak pada jumlah tercatatnya ketika pengendalian hilang;

(a) Derecognizes the assets (including goodwill) and liabilities of the subsidiary at their carrying amounts at the date when control is lost;

(b) Menghentikan pengakuan jumlah tercatat setiap kepentingan nonpengendali pada entitas anak terdahulu ketika pengendalian

(b) Derecognize the carrying amount of any non-controlling interests in the former subsidiary at the date when control is lost