PT BHUWANATALA INDAH PERMAI Tbk DAN ENTITAS ANAK/AND SUBSIDIARIES

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UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 AND FOR THE NINE-MONTH PERIOD FROM JANUARY 1

UNTIL SEPTEMBER 30, 2020 AND 2019

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LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN INTERIM KONSOLIDASIAN UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN

30 SEPTEMBER 2020 DAN 2019 4 - 5

INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 LAPORAN PERUBAHAN PERUBAHAN EKUITAS INTERIM KONSOLIDASIAN

PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 6

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019

LAPORAN ARUS KAS INTERIM KONSOLIDASIAN UNTUK PERIODE 9 BULAN DARI

TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 7

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN 8 - 137

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS LAMPIRAN/

SCHEDULE I : LAPORAN POSISI KEUANGAN PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 (Entitas Induk)/

STATEMENTS OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 (Parent Company)

II : LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN

UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 (Entitas Induk)/

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL

SEPTEMBER 30, 2020 AND 2019 (Parent Company)

III : LAPORAN PERUBAHAN EKUITAS PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 (Entitas Induk)/

STATEMENTS OF CHANGES IN EQUITY AS OF SEPTEMBER 30, 2019 AND DECEMBER 31, 2019 (Parent Company)

IV : LAPORAN ARUS KAS UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 (Entitas Induk)/

STATEMENTS OF CASH FLOWS FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 (Parent Company)

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30 September/ 31 Desember/ 1 Januari/

Catatan/ September30 December 31 January 1

Notes 2 0 2 0 2 0 1 9* 2 0 1 9*

ASET LANCAR CURRENT ASSETS

Kas dan Setara Kas 2d,2e,2g,2w,4,33,35,36&37 296,643,034,385 201,029,873,433 118,645,441,424 Cash and Cash Equivalents

Piutang Usaha: Trade Receivables:

- Pihak Ketiga - Neto 2g,5,35&36 9,675,757,395 6,068,377,515 6,644,291,352 - Third Parties - Net - Pihak Berelasi - Neto 2g,5,33,35&36 4,083,617,667 4,325,094,866 2,018,535,000 - Related Parties - Net

Piutang Lain-lain: Other Receivables:

- Pihak Ketiga 2g,35&36 42,044,753 366,107,835 241,298,440 - Third Parties - Pihak Berelasi 2d,2g,33,35&36 810,982,325 27,799,726 - Related Parties- Persediaan 2i & 6 694,300,126,262 746,512,975,315 693,822,566,805 Inventories Pajak Dibayar di Muka 2w,2x&17 8,680,592,436 12,433,939,421 10,599,613,844 Prepaid Taxes

Uang Muka dan Beban Dibayar di Muka 2k,7&39 6,451,468,154 4,184,285,675 2,883,295,883 Advances and Prepaid Expenses Aset Keuangan Tersedia untuk Dijual 2f,9,33,35&36 9,426,712,500 6,567,750,000 14,855,625,000 Available-for-Sale Financial Assets Aset Lain-lain 2g,20&35 986,037,090 1,007,697,540 1,148,839,533 Other Assets

Total Aset Lancar 1,031,100,372,967 982,523,901,326 850,859,507,281 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

Tanah untuk Pengembangan 2l & 8 90,102,000,000 90,102,000,000 90,102,000,000 Land for Development Aset Keuangan Tersedia untuk Dijual 2f,9,35&36 21,527,545,432 21,527,545,432 21,527,545,432 Available-for-Sale Financial Assets

Properti Investasi - Setelah Dikurangi Investment Properties - Net of Accumulated

Akumulasi Penyusutan masing-masing sebesar Depreciation of Rp 117,836,647,504,

Rp 117.836.647.504 Rp 99.164.568.810 dan Rp 99,164,568,810 and Rp 73,398,441,064,

Rp 73.398.441.064 per 30 September 2020, as of September 30, 2020, December 31, 2019

31 Desember 2019 dan 1 Januari 2019 2m,2p&10 667,803,117,950 686,475,196,644 717,842,943,368 and January 1, 2019 respectively

Aset Tetap - Setelah Dikurangi Akumulasi Property and Equipment - Net of Accumulated

Penyusutan masing-masing sebesar Depreciation of Rp Rp 71,357,238,478,

Rp 71.357.238.478, Rp 66.007.934.160 dan Rp 66,007,934,160 and 60,531,719,370,

Rp 60.531.719.370 per 30 September 2020, as of September 30, 2020, December 31, 2019

31 Desember 2019 dan 1 Januari 2019 2n,2p&11 152,832,971,826 158,020,943,564 151,719,638,798 and January 1,2019, respectively Goodwill 2o,2p&13 22,254,095,400 22,254,095,400 22,254,095,400 Goodwill

Aset Pengampunan Pajak 2ac & 17 12,499,987 116,666,648 266,666,656 Tax Amnesty Assets Aset Hak Guna - Neto 2b,12&39 27,899,377,198 29,397,876,328 31,395,875,167 Right of Use Assets - Net Dana yang Dibatasi Pengunaannya 2e,2g,14&35 129,530,529,343 191,835,536,139 196,118,416,714 Restricted Funds Aset Tidak Lancar Lainnya 2g & 35 99,836,771 99,836,771 99,836,771 Other Non-Current Assets

Total Aset Tidak Lancar 1,112,061,973,907 1,199,829,696,926 1,231,327,018,306 Total Non-Current Assets

TOTAL ASET 2,143,162,346,874 2,182,353,598,252 2,082,186,525,587TOTAL ASSETS

ASET ASSETS

* Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39)

Catatan atas Laporan Keuangan Konsolidasian 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

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Catatan/ 30 September/ 31 Desember/ 1 Januari/

Notes September30 December 31 January 1

2 0 2 0 2 0 1 9* 2 0 1 9*

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang Bank Jangka Pendek 2d,2g,20,33,35&36 15,299,971,174 18,291,577,030 5,207,981,226 Short-term Bank Loans Utang Usaha - Pihak Ketiga 2g,35&36 112,374,312,992 19,452,158,568 15,273,843,411 Trade Payables - Third Parties

Utang Lain-lain: Other Payables:

- Pihak Ketiga 2g,15,35&36 1,963,670,349 5,015,690,741 3,524,566,556 - Third Parties - Pihak Berelasi 2d,2g,33,35&36 1,233,839,872 14,327,624,564 43,851,970,067 - Related Parties Beban yang Masih Harus Dibayar 2g,2u,2w,16,35,36,37&39 8,346,329,064 10,544,250,992 8,853,516,355 Accrued Expenses Utang Pajak 2w,2x,17&39 1,787,285,490 3,342,658,416 3,833,003,255 Taxes Payable Uang Muka Penjualan 2u & 18 265,099,870,934 477,468,102,669 393,610,294,005 Advances from Customers Pendapatan Diterima di Muka 19 & 33 17,475,715,424 38,986,185,348 13,178,539,802 Unearned Revenue

Setoran Jaminan Penyewa - Jangka Pendek 2g,2w,22,33,35,36&37 7,596,977,880 7,845,287,407 13,277,173,268 Rental Guarantee Deposits - Short-term Liabilitas Jangka Panjang yang Jatuh Tempo

dalam Waktu Satu Tahun: Current Portion of Long-term Liabilities:

- Utang Bank 2d,2g,20,33,35&36 6,473,935,660 8,298,683,532 34,729,887,180 - Bank Loans - Utang Sewa Pembiayaan 2g,2u,21,35,36&39 1,000,555,874 879,837,267 770,515,541 - Finance Lease Payables

Total Liabilitas Jangka Pendek 438,652,464,713 604,452,056,534 536,111,290,666 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Liabilitas Jangka Panjang Setelah Dikurangi Bagian yang Jatuh Tempo dalam Waktu

Satu Tahun: Long-term Liabilities - Net of Current Portion:

- Utang Bank 2d,2g,20,33,35&36 435,349,638,375 393,634,040,812 359,191,288,947 - Bank Loans - Utang Sewa Pembiayaan 2g,2u,21,35,36&39 23,297,753,072 24,064,013,732 24,943,850,997 - Finance Lease Payables Setoran Jaminan Penyewa - Jangka Panjang 2g,22,33,35&36 9,973,696,235 9,569,360,235 3,229,355,650 Rental Guarantee Deposits - Long-term Pendapatan Diterima di Muka 19 & 33 17,193,407,018 18,956,020,454 24,281,843,153 Unearned Revenue

Liabilitas Pajak Tangguhan 2x & 17 2,160,997,871 2,154,146,940 2,410,201,000 Deferred Tax Liabilities Utang Lain-lain - Pihak Ketiga 2g,15,20,35&36 14,889,932,046 6,933,759,411 Other Payables - Third Parties- Liabilitas Imbalan Kerja 2t & 23 5,568,941,362 5,568,941,362 3,462,274,862 Employee Benefits Liabilities

Total Liabilitas Jangka Panjang 508,434,365,979 460,880,282,946 417,518,814,609 Total Non-Current Liabilities

Total Liabilitas 947,086,830,692 1,065,332,339,480 953,630,105,275 Total Liabilities

LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY

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30 September/ 31 Desember/ 1 Januari/

Catatan/ September30 December 31 January 1

Notes 2 0 2 0 2 0 1 9* 2 0 1 9*

EKUITAS EQUITY

Ekuitas yang Diatribusikan kepada Pemilik Equity Attributable to Owners of the

Entitas Induk Parent Entity

Modal Saham, Modal Dasar 12.800.000.000 Share Capital, Authorized Capital -

saham yang terdiri dari 1.800.000.000 saham 12,800,000,000 shares consisting of

Seri A dengan nilai nominal Rp 500 1,800,000,000 Series A shares with

per saham dan 11.000.000.000 saham a par value of Rp 500 per share and

Seri B dengan nilai nominal Rp 100 saham 11,000,000,000 Series B shares with a par

per 30 September 2020, 31 Desember 2019 dan value of Rp 100 per share as of September 30, 2020,

1 Januari 2019 December 31, 2019 and January 1, 2019

Modal Ditempatkan dan Disetor Penuh - Issued and Fully Paid Capital - 1,638,218,259

1.638.218.259 saham Seri A per 30 September 2020, Series A shares as of September 30, 2020,

31 Desember 2019 dan 1 Januari 2019 dan December 31, 2019 and January 1, 2019 and

3.390.451.117 dan 3.390.451.079 saham Seri B 3,390,451,117 and 3,390,451,079 Series B

masing-masing per 30 September 2020, 31 Desember shares as of September 30, 2020, December 31,

2019 dan 1 Januari 2019 24&36 1,158,154,241,200 1,158,154,237,400 1,158,154,237,400 2019 and January 1, 2019 Tambahan Modal Disetor - Neto 2ac,25&36 140,797,315,513 140,797,315,513 140,797,315,513 Additional Paid-in Capital - Net

Laba (Rugi) yang Belum Direalisasi atas Perubahan Nilai Unrealized (Loss) Gain on Changes in Fair Value

Wajar Aset Keuangan Tersedia untuk Dijual - Neto 9 (5,090,551,692) (3,448,614,192) 4,839,260,808 of Available-for-Sale Financial Assets - Net

Selisih Kurs atas Penjabaran Laporan Difference in Foreign Currency due to Financial

Keuangan 26 6,478,783,337 6,503,139,910 6,494,100,720 Statement Translation Komponen Ekuitas Lain 1d 63,524,066,545 63,524,066,545 63,524,066,545 Other Equity Components Saldo Rugi 39 & 40 (526,485,220,941) (562,360,177,243) (559,025,687,539) Deficit

Sub total 837,378,633,962 803,169,967,933 814,783,293,447 Sub total Kepentingan Non-Pengendali 27 & 39 358,696,882,220 313,851,290,839 313,773,126,865 Non-Controlling Interests

Ekuitas - Neto 1,196,075,516,182 1,117,021,258,772 1,128,556,420,312 Equity - Net

TOTAL LIABILITAS DAN EKUITAS 2,143,162,346,874 2,182,353,598,252 2,082,186,525,587 TOTAL LIABILITIES AND EQUITY

Statements

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Catatan/ 30 September / 30 September / Notes September 30 September 30

2 0 2 0 2 0 1 9*

PENDAPATAN 2v,28,33&34 476,068,443,024 146,336,190,265 REVENUES

BEBAN LANGSUNG 2v & 29 (308,615,282,347) (92,816,743,249) DIRECT EXPENSES

LABA BRUTO 167,453,160,677 53,519,447,016 GROSS PROFIT

BEBAN USAHA 2v,30&39 (41,269,310,566) (36,792,178,534) OPERATING EXPENSES

LABA USAHA 126,183,850,111 16,727,268,482 OPERATING PROFIT

PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES)

Pendapatan Keuangan - Neto 31 7,265,777,240 5,437,931,811 Finance Income - Net Kerugian Selisih Kurs - Neto 92,608,523 (34,042,558) Loss on Foreign Exchange - Net

Beban Keuangan 31 (42,282,733,060) (38,202,631,818) Finance Costs

Beban Insentif (318,608,305) (1,791,184,260) Incentive Fees

Beban Pajak (42,210,684) (116,414,444) Tax Expense

Lain-lain - Bersih 3,727,746,197 1,682,570,507 Others - Net

Total Beban Lain-lain - Neto (31,557,420,089) (33,023,770,762) Total Other Charges - Net LABA (RUGI) SEBELUM PAJAK FINAL 94,626,430,022 (16,296,502,280) INCOME (LOSS) BEFORE FINAL TAX PAJAK FINAL 2y & 17 (14,441,033,940) (6,961,508,485) FINAL TAX

LABA (RUGI) SEBELUM PAJAK PENGHASILAN 80,185,396,082 (23,258,010,765) INCOME (LOSS) BEFORE INCOME TAX

BEBAN PAJAK PENGHASILAN 2x & 17 INCOME TAX EXPENSE

Kini - Non Final (70,497,468) (1,263,087,129) Current - Non Final

Tangguhan (6,850,931) (19,278,106) Deferred

Total Beban Pajak Penghasilan - Neto (77,348,399) (1,282,365,235) Total Income Tax Expense - Net LABA (RUGI) NETO TAHUN BERJALAN 80,108,047,683 (24,540,376,000) NET INCOME (LOSS) FOR THE YEAR

Statements

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Catatan/ 30 September / 30 September /

Notes September 30 September 30

2 0 2 0 2 0 1 9*

PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME

Pos yang Akan Direklasifikasi ke Items that Will Be Reclassified to

Laba Rugi Profit or Loss

Kerugian yang Belum Direalisasi atas Unrealized Loss on Changes in Fair

Perubahan Nilai Wajar Aset Keuangan Value of Available-for-Sale Financial

untuk Dijual - Neto 9 (1,641,937,500) (1,329,187,500) Assets - Net

Keuntungan (Kerugian) dari Penjabaran Gain (Loss) on Financial Statement

Laporan Keuangan (24,356,573) 11,332,758 Translation

Total Penghasilan (Beban) Komprehensif Lain (1,666,294,073) (1,317,854,742) Total Other Comprehensive Income (Expense) TOTAL LABA (RUGI) KOMPREHENSIF 78,441,753,610 (25,858,230,742) TOTAL COMPREHENSIVE INCOME (LOSS)

LABA (RUGI) NETO YANG DAPAT

DIATRIBUSIKAN KEPADA: NET INCOME (LOSS) ATTRIBUTABLE TO:

Pemilik Entitas Induk 35,874,956,302 (12,067,659,975) Owners of the Parent Entity

Kepentingan Non-Pengendali 44,233,091,381 (12,472,716,025) Non-Controlling Interest

T o t a l 80,108,047,683 (24,540,376,000) T o t a l

TOTAL LABA (RUGI) KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME (LOSS)

BERJALAN YANG DIATRIBUSIKAN ATTRIBUTABLE TO:

KEPADA:

Pemilik Entitas Induk 34,208,662,229 (13,385,514,717) Owners of the Parent Entity

Kepentingan Non-Pengendali 44,233,091,381 (12,472,716,025) Non-Controlling Interest

T o t a l 78,441,753,610 (25,858,230,742) T o t a l

LABA (RUGI) NETO PER SAHAM DASAR YANG EARNINGS PER SHARE

DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO OWNERS OF

PEMILIK ENTITAS INDUK 2q & 32 7.13 (2.25) THE PARENT ENTITY

Statements

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Keuntungan (Kerugian) yang Belum Direalisasi

atas Perubahan

Nilai Wajar Aset Selisih Kurs

Keuangan Tersedia karena Penjabaran

untuk Dijual - Neto/ Laporan Keuangan/

Unrealized Gain Difference in

Tambahan Modal (Loss) on Changes Foreign Currency Komponen Kepentingan

Disetor/ in Fair Value of Due to Financial Ekuitas Lainnya/ Non-Pengendali/

Modal Saham/ Additional Saldo Rugi/ Available-for-Sale Statement Other Equity Total/ Non-Controlling Ekuitas - Neto/

Share Capital Paid-in Capital Deficit Financial Assets - Net Translation Component Total Interest Equity - Net

SALDO PER 31 DESEMBER 2018 1,158,154,237,400 140,797,315,513 (556,396,828,158) 4,839,260,808 6,494,100,720 63,524,066,545 817,412,152,828 313,817,008,198 1,131,229,161,026

Penyesuaian sehubungan dengan Adjustment in relation to application of

Penerapan PSAK 71,72, dan 73 - - (2,628,859,381) - - - (2,628,859,381) (43,881,333) (2,672,740,714) SFAS 71,72, and 73

SALDO 1 JANUARI 2019, RESTATED BALANCE AS OF

SETELAH PENYAJIAN KEMBALI 1,158,154,237,400 140,797,315,513 (559,025,687,539) 4,839,260,808 6,494,100,720 63,524,066,545 814,783,293,447 313,773,126,865 1,128,556,420,312 JANUARY 1, 2019

Laba (Rugi) Bersih Setelah Disajikan Kembali - - (2,784,362,237) - - - (2,784,362,237) 24,245,634 (2,760,116,603) Restated Net (Loss)

Penghasilan (Beban) Komprehensif Lain - - (550,127,467) (8,287,875,000) 9,039,190 - (8,828,963,277) 53,918,340 (8,775,044,937) Other Comprehensive Income (Expense)

SALDO 31 DESEMBER 2019, RESTATED BALANCE AS OF

SETELAH PENYAJIAN KEMBALI 1,158,154,237,400 140,797,315,513 (562,360,177,243) (3,448,614,192) 6,503,139,910 63,524,066,545 803,169,967,933 313,851,290,839 1,117,021,258,772 DECEMBER 31, 2019

Pencatatan dari Konversi Waran Seri III 3,800 - - - - - 3,800 - 3,800 Listing of Shares from Conversion of Warran Seri III

Laba Bersih - - 35,874,956,302 - - - 35,874,956,302 44,233,091,381 80,108,047,683 Net Income

Penghasilan (Beban) Komprehensif Lain - - - (1,641,937,500) (24,356,573) - (1,666,294,073) - (1,666,294,073) Other Comprehensive Income (Expense)

Akuisisi dari Kepentingan Non-Pengendali - - - - - - - 612,500,000 612,500,000 Acquisition of Non-Controlling Interest

SALDO PER 30 SEPTEMBER 2020 1,158,154,241,200 140,797,315,513 (526,485,220,941) (5,090,551,692) 6,478,783,337 63,524,066,545 837,378,633,962 358,696,882,220 1,196,075,516,182 BALANCE AS OF SEPTEMBER 30,2020 BALANCE AS OF DECEMBER 31, 2018

The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements

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30 September / 30 September / September 30 September 30

2 0 2 0 2 0 1 9

ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES

Penerimaan dari Pelanggan 301,894,438,419 292,930,813,316 Receipt from Customers

Pembayaran kepada: Payments for:

Pemasok (263,038,061,695) (149,892,606,667) Suppliers

Direksi dan Karyawan (11,268,854,702) (17,667,526,968) Directors and Employees

Kas Diperoleh dari Aktivitas Operasi 27,587,522,022 125,370,679,681 Cash Provided by Operating Activities Penerimaan atas Pendapatan Keuangan 6,728,554,061 5,437,931,811 Receipt from Finance Income

Beban Lain-lain - Neto 2,430,305,343 (194,033,997) Other Expenses - Net Pembayaran atas Beban Keuangan (30,915,934,270) (31,708,469,537) Payment of Finance Costs Pembayaran Pajak Final (4,320,815,760) (5,066,225,048) Payment of Final Tax Peningkatan Dana yang Dibatasi Penggunaannya 62,305,006,796 (10,369,561,318) Increase in Restricted Funds Pembayaran Pajak Penghasilan (1,353,166,250) (709,223,595) Payment of Income Tax

Kas Neto Diperoleh dari Aktivitas Operasi 62,461,471,943 82,761,097,996 Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES

Peningkatan Tanah untuk Pengembangan (2,778,230,000) (25,577,370,000) Acquisition of Land For Development Penambahan Aset Tetap (161,331,950) (1,365,267,892) Acquisition of Property and Equipment Penambahan Properti Investasi - (2,877,196,200) Acquisition of Investment Properties Penambahan aset keuangan tersedia untuk dijual (4,500,900,000) - Purchase in available-for-sale financial assets Peningkatan Tanah untuk Pengembangan 63,455,642,539 - Increase in Land for Development

Kas Neto Digunakan untuk Aktivitas

Investasi 56,015,180,589 (29,819,834,092) Net Cash Used in Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES

Penerimaan dari Pinjaman Bank 40,580,000,000 108,193,676,994 Proceeds from Bank Loan Pembayaran Pinjaman Bank (8,642,787,511) (119,291,123,559) Payment of Bank Loan Pembayaran Provisi Bank - (1,500,000,000) Payment of Bank Provision Penerimaan dari Setoran Modal 3,800 - Proceeds from Paid-in Capital Pembayaran Utang Pihak Berelasi (54,100,912,714) (42,772,085,679) Payment of Due to Related Parties Penambahan Utang Pihak Berelasi 3,631,805,233 25,367,129,195 Addition to Due to Related Parties Penerimaan Piutang Pihak Berelasi 950,044,184 - Proceeds to Due from Related Parties Pemberian Piutang Pihak Berelasi (4,636,102,522) - Payment to Due from Related Parties Pembayaran Utang Sewa Pembiayaan (645,542,053) (573,131,776) Payment of Finance Lease Payables

Kas Neto Digunakan untuk Aktivitas Pendanaan (22,863,491,582) (30,575,534,825) Net Cash Provided by Financing Activities

KENAIKAN (PENURUNAN) NETO KAS NET INCREASE (DECREASE) IN CASH AND

DAN SETARA KAS 95,613,160,950 22,365,729,079 CASH EQUIVALENTS

KAS DAN SETARA KAS, AWAL TAHUN 201,029,873,433 118,645,441,424 CASH AND CASH EQUIVALENTS, BEGINNING KAS DAN SETARA KAS, AKHIR TAHUN 296,643,034,383 141,011,170,503 CASH AND CASH EQUIVALENTS, ENDING

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1. INFORMASI UMUM a. Pendirian Perusahaan

PT Bhuwanatala Indah Permai Tbk ("Perusahaan“) didirikan berdasarkan Akta Notaris No. 165 tanggal 21 Desember 1981 yang dibuat oleh Koswara, SH, Notaris di Bandung. Akta pendirian tersebut telah memperoleh pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. C2- 4821.HT.01.01.Th.83 tanggal 29 Juni 1983 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 12 tanggal 10 Februari 1989, Tambahan No. 204.

Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir berdasarkan Akta Pernyataan Keputusan Rapat Umum Pemegang Saham Tahunan No.

25 tanggal 29 Juli 2020 yang dibuat oleh Edi Priyono, SH, Notaris di Jakarta sehubungan dengan perubahan Susunan Direksi. Akta tersebut telah diterima dan dicatat dalam Sistem Administrasi Badan Hukum Republik Indonesia berdasarkan Surat Penerimaan Pemberitahuan Data Perseroan No. AHU- AH.01.0333969 tanggal 7 Agustus 2020 dan Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-AH.01.0333968 tanggal 7 Agustus 2020.

Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, maksud dan tujuan Perusahaan adalah berusaha dibidang pembangunan dan pengelolaan properti seperti apartemen, perhotelan, perkantoran, pertokoan dan perumahan, perdagangan dan pelayanan jasa.

Perusahaan melakukan kegiatan usaha utama yaitu investasi saham pada Entitas Anak.

Kantor pusat Perusahaan terletak di Graha BIP Lantai 6, Jalan Jendral Gatot Subroto No. 23, Jakarta.

1. GENERAL INFORMATION

a. The Company’s Establishment

PT Bhuwanatala Indah Permai Tbk (the

“Company”) was established based on Notarial Deed No. 165 dated December 21, 1981 of Koswara, SH, Notary in Bandung. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesiain Decision Letter No. C2-4821.HT.01.01.Th.83 dated June 29, 1983 and was published in State Gazette of the Republic of Indonesia No. 12 dated February 10, 1989, Supplement No. 204.

The Company's Articles of Association have been amended several times, most recently by Notarial Deed on Decision of the Extraordinary General Meeting of Shareholders No. 25 dated July 27, 2020 of Edi Priyono, SH, Notary in Jakarta in connection with changes to the Composition of Board of Directors. The deed has been received and recorded in the Indonesian Legal Entity Administration System based on the Company Data Acceptance Letter No. AHU-AH.01.0333969 dated 7 August 2020 and Letter of Acceptance of Notification of Amendment to Articles of Association No.

AHU-AH.01.0333968 dated 7 August 2020.

In accordance with Article 3 of the Company’s Articles of Association, the scope of its activities consists of development and management of properties such as apartments, office spaces, shopping centers and houses, trading and services.

The Company’s main business activity is investing in shares of its Subsidiaries.

The Company’s head office is at Graha BIP, 6^th Floor, Jalan Jendral Gatot Subroto No. 23, Jakarta.

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9 1. INFORMASI UMUM (Lanjutan)

b. Penawaran Umum Saham Perusahaan Ringkasan aksi korporasi Perusahaan (corporate actions) yang mempengaruhi efek yang diterbitkan Perusahaan sejak tanggal penawaran umum perdana saham sampai dengan tanggal 30 September 2020 dan 31 Desember 2019 adalah sebagai berikut:

1. GENERAL INFORMATION (Continued) b. The Company’s Public Offerings

The summary of corporate actions that affect the securities issued by the Company since the initial public offering date up to September 30, 2020 and December 31, 2019 is as follows:

Jumlah Saham Tanggal

Beredar setelah Pencatatan

Transaksi/ di Bursa Efek

Total Indonesia/

Outstanding Date of Listing on

Shares after Tanggal Efektif/ the Indonesia

Aksi Korporasi Perusahaan the Transacton Effective Date Stock Exchange The Company’s Corporate Actions

Penawaran umum perdana dan Initial public offering and listing of

pencatatan sebagian saham 26 Juni 1989/ part of the Company's shares

Perusahaan sebanyak 6.500.000 6.500.000 June 26, 1989 - totaling 6,500,000 shares

Pencatatan saham Pendiri sebanyak 31 Januari 1990/ Listing of the Founder’s shares

9.500.000 16.000.000 - January 31, 1990 totaling 9,500,000

Penawaran umum terbatas I dengan Limited public offering I with

hak memesan efek terlebih dahulu 29 Juni 1991/ pre-emptive rights totaling

sebanyak 24.000.000 saham 46.500.000 June 29, 1991 - 24,000,000 shares

Pemecahan nilai nominal saham Stock split of 40,000,000 shares

40.000.000 dan saham bonus 8 Juli 1996/ and bonus shares totaling

64.000.000 150.500.000 - July 8, 1996 64,000,000

Penawaran umum terbatas II dengan Limited public offering II with

hak memesan efek terlebih dahulu pre-emptive rights totaling

sebanyak 360.000.000 saham biasa 360,000,000 common shares and

dan 36.000.000 waran (Waran 8 Nopember 1996/ 36,000,000 warrants (Series I

Seri I) 406.500.000 November 8, 1996/ - Warrants)

Pencatatan saham dari konversi Listing of shares from conversion of

waran Seri I sebanyak 30 September 1997/ warrant Series I totaling 66,603

66.603 saham 406.566.603 - September 30, 1997/ shares

Penawaran umum terbatas III

dengan hak memesan efek Limited public offering III with

terlebih dahulu sebanyak pre-emptive rights totaling

1.134.149.856 saham biasa dan 1,134,149,856 common shares

dan 28.353.746 waran (Waran 12 Maret 1998/ and 28,353,746 warrants

Seri II) 1.540.649.856 March 12, 1998 - (Series II Warrants)

Listing of shares from conversion of

Pencatatan saham dari konversi 28 Nopember 2001/ Series I warrants totaling 1,800

waran Seri I sebanyak 1.800 1.540.651.656 - November 28, 2001 shares

Peningkatan modal ditempatkan dan Increase in issued and paid-up

disetor tanpa hak memesan efek capital without pre-emptive rights to

terlebih dahulu kepada Terra Terra Capital Partners Ltd. totaling

Capital Partners Ltd. sebanyak 163,821,825 Series B shares

163.821.825 saham Seri B

Seri A: nilai nominal Rp 500 Series A: par value of Rp 500

per saham 1.638.218.259 per share

Seri B: nilai nominal Rp 100 11 September 2012/ Series B: par value of Rp 100

per saham 163.821.825 - September 11, 2012 per share

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1. INFORMASI UMUM (Lanjutan)

b. Penawaran Umum Saham Perusahaan (Lanjutan)

1. GENERAL INFORMATION (Continued)

b. The Company’s Public Offering (Continued)

Total Indonesia/

Peningkatan saham Seri B dalam Increase in Series B shares with

rangka obligasi konversi kepada respect to convertible bond to

Kimbell Holding Ltd sebanyak Kimbell Holding Ltd totaling

100.000.000 saham Seri B 100,000,000 Series B shares

Seri B: nilai nominal Rp 100 11 September 2012/ Series B: par value of Rp 100

per saham 263.821.825 - September 11, 2012 per share

Penawaran umum terbatas IV Limited public offering IV with

dengan hak memesan efek pre-emptive rights totaling

terlebih dahulu sebanyak 1,130,197,731 Series B shares and

1.130.197.731 saham biasa Seri B 661,579,159 warrants (Series III

dan 661.579.159 waran (Waran Warrants)

Seri III)

Seri B: nilai nominal Rp 100 30 Nopember 2012/ 14 Desember 2012/ Series B: par value of Rp 100 per saham 1.394.019.556 November 30, 2012 December 14, 2012 per share

Pencatatan saham dari konversi Listing of shares from conversion of

Waran Seri III sebanyak 1.390 Series III Warrants totaling 1,390

saham shares

Seri B: nilai nominal Rp 100 21 Nopember 2013/ Series B: par value of Rp 100

per saham 1.394.020.946 - November 21, 2013 per share

Pencatatan dari konversi waran Listing of shares from conversion of

Seri III sebanyak 40 saham Series III Warrants totaling 40 shares

Seri B: nilai nominal Rp 100 4 Agustus 2014/ Series B: par value of Rp 100

per saham 1.394.020.986 - August 4, 2014 per share

Penawaran umum terbatas V Limited public offering V with

dengan hak memesan efek pre-emptive rights totaling

terlebih dahulu sebanyak 1,637,409,191 Series B

1.637.409.191 saham biasa Seri B shares and 394,191,098 warrants

dan 394.191.098 waran (Waran (Series IV Warrants)

Seri IV)

Seri B: nilai nominal Rp 100 25 Juni 2015/ 9 Juli 2015/ Series B: par value of Rp 100

per saham 3.031.430.177 June 25, 2015 July 9, 2015 per share

Listing of shares from conversion of

Pencatatan saham dari konversi Series III Warrants totaling 146

Waran Seri III sebanyak 146 saham Shares

Seri B: nilai nominal Rp 100 18 Agustus 2016/ Series B: par value of Rp 100

per saham 3.031.430.323 - August 18, 2016 per share

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11 1. INFORMASI UMUM (Lanjutan)

b. Penawaran Umum Saham Perusahaan (Lanjutan)

1. GENERAL INFORMATION (Continued)

b. The Company’s Public Offering (Continued)

Total Indonesia/

Pencatatan Saham dari Konversi Listing of shares from conversion of

Waran Seri III sebanyak 919 saham 31 Agustus 2017/ Series III Warrants totaling 919

biasa Seri B 3.031.431.242 - August 31, 2017 Series B shares

Waran Seri III sebanyak 1 saham 26 September 2017/ Series III Warrants totaling 1

biasa Seri B 3.031.431.243 - September 26, 2017 Series B shares

Waran Seri III sebanyak 58 saham 7 November 2017/ Series III Warrants totaling 58

biasa Seri B 3.031.431.301 - November 7, 2017 Series B shares

Waran Seri III sebanyak 29 November 2017/ Series III Warrants totaling

109.017.000 saham biasa Seri B 3.140.448.579 - November 29, 2017 109,017,000 Series B shares

Waran Seri III sebanyak 7 Desember 2017/ Series III Warrants totaling

250.000.000 saham biasa Seri B 3.390.448.579 - December 7, 2017 250,000,000 Series B shares

Waran Seri III sebanyak 12 Desember 2017/ Series III Warrants totaling 1,500

1.500 saham biasa Seri B 3.390.450.079 - December 12, 2017 Series B shares

Waran Seri III sebanyak 13 Desember 2017/ Series III Warrants totaling 1,000

1.000 saham biasa Seri B 3.390.451.079 - December 13, 2017 Series B shares

Waran Seri IV sebanyak 29 Mei 2020/ Series IV Warrants totaling 28

28 saham biasa Seri B 3.390.451.107 - May 29, 2020 Series B shares

Waran Seri IV sebanyak 3.390.451.117 - 8 Juni 2020/ Series IV Warrants totaling 10

10 saham biasa Seri B June 8, 2020 Series B shares

Pencatatan Saham dari Konversi 9 Juli 2020/ Listing of shares from conversion of

Waran Seri IV sebanyak July 9, 2020 Series IV Warrants totaling 38

38 saham biasa Seri B Series B shares