PT TELEFAST INDONESIA Tbk DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

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PT TELEFAST INDONESIA Tbk

DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2020 SERTA UNTUK TAHUN YANG BERAKHIR

PADA TANGGAL TERSEBUT DAN LAPORAN AUDITOR INDEPENDEN

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 AND FOR THE YEAR THEN ENDED AND INDEPENDENT AUDITOR’S REPORT

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SERTA UNTUK TAHUN YANG BERAKHIR PADA TANGGAL TERSEBUT DAN LAPORAN AUDITOR INDEPENDEN

Halaman/

Pages

AS OF DECEMBER 31, 2020 AND FOR THE YEAR THEN ENDED AND INDEPENDENT AUDITOR’S REPORT

Daftar Isi Table of Contents

Surat Pernyataan Direksi Directors’ Statement Letter

Laporan Auditor Independen Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian………….... 1 - 3 ……Consolidated Statement of Financial Position Laporan Laba Rugi dan Penghasilan

Komprehensif Lain Konsolidasian………. 4 - 5

Consolidated Statement of Profit or Loss

………….and Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian…………. 6 - 7 …..Consolidated Statement of Changes in Equity Laporan Arus Kas Konsolidasian……….. 8 - 9 …………..Consolidated Statement of Cash Flows Catatan atas Laporan Keuangan Konsolidasian…… 10 - 115 ..Notes to the Consolidated Financial Statements

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The original report included herein is in the Indonesian language.

Laporan Auditor Independen

Laporan No. 00678/2.1051/AU.1/05/0929-1/1/V/2021

Pemegang Saham, Dewan Komisaris, dan Direksi PT TELEFAST INDONESIA Tbk

Independent Auditor’s Report

Report No. 00678/2.1051/AU.1/05/0929-1/1/V/2021

The Shareholders, Board of Commissioners, and Directors

PT TELEFAST INDONESIA Tbk

Kami telah mengaudit laporan keuangan konsolidasian PT Telefast Indonesia Tbk dan entitas anaknya terlampir yang terdiri atas laporan posisi keuangan konsolidasian tanggal 31 Desember 2020, serta laporan laba rugi dan penghasilan komprehensif lain, laporan perubahan ekuitas, dan laporan arus kas konsolidasian untuk tahun yang berakhir pada tanggal tersebut, dan suatu ikhtisar kebijakan akuntansi yang signifikan dan informasi penjelasan yang lain.

We have audited the accompanying consolidated financial statements of PT Telefast Indonesia Tbk and its subsidiaries which comprise the consolidated statement of financial position as of December 31, 2020, and the consolidated statements of profit or loss and other comprehensive income, changes in equity, and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Tanggung jawab manajemen atas laporan keuangan konsolidasian

Management’s responsibility for the consolidated financial statements

Manajemen bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan konsolidasian tersebut sesuai dengan standar akuntansi keuangan di Indonesia, dan atas pengendalian internal yang dianggap perlu oleh manajemen untuk memungkinkan penyusunan laporan keuangan konsolidasian yang bebas dari kesalahan penyajian material, baik yang disebabkan oleh kecurangan maupun kesalahan.

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with financial accounting standards in Indonesia, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Tanggung jawab auditor Auditor’s responsibility

Tanggung jawab kami adalah untuk menyatakan suatu opini atas laporan keuangan konsolidasian tersebut berdasarkan audit kami. Kami melaksanakan audit kami berdasarkan standar audit yang ditetapkan oleh Institut Akuntan Publik Indonesia. Standar tersebut mengharuskan kami untuk mematuhi ketentuan etika serta merencanakan dan melaksanakan audit untuk memperoleh keyakinan memadai tentang apakah laporan keuangan konsolidasian tersebut bebas dari kesalahan penyajian material.

Our responsibility is to express an opinion on these consolidated financial statements based on our audit.

We conducted our audit in accordance with standards on auditing established by the Indonesian Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

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The original report included herein is in the Indonesian language.

Tanggung jawab auditor (lanjutan) Auditor’s responsibility (continued)

Suatu audit melibatkan pelaksanaan prosedur untuk memperoleh bukti audit tentang angka-angka dan pengungkapan dalam laporan keuangan. Prosedur yang dipilih bergantung pada pertimbangan auditor, termasuk penilaian atas risiko kesalahan penyajian material dalam laporan keuangan, baik yang disebabkan oleh kecurangan maupun kesalahan.

Dalam melakukan penilaian risiko tersebut, auditor mempertimbangkan pengendalian internal yang relevan dengan penyusunan dan penyajian wajar laporan keuangan entitas untuk merancang prosedur audit yang tepat sesuai dengan kondisinya, tetapi bukan untuk tujuan menyatakan opini atas keefektivitasan pengendalian internal entitas. Suatu audit juga mencakup pengevaluasian atas ketepatan kebijakan akuntansi yang digunakan dan kewajaran estimasi akuntansi yang dibuat oleh manajemen serta pengevaluasian atas penyajian laporan keuangan secara keseluruhan.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

Kami yakin bahwa bukti audit yang telah kami peroleh adalah cukup dan tepat untuk menyediakan suatu basis bagi opini audit kami.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opini Opinion

Menurut opini kami, laporan keuangan konsolidasian

terlampir menyajikan secara wajar, dalam semua hal yang material, posisi keuangan konsolidasian PT Telefast Indonesia Tbk dan entitas anaknya tanggal 31 Desember 2020, serta kinerja keuangan, dan arus kas konsolidasiannya untuk tahun yang berakhir pada tanggal tersebut sesuai dengan standar akuntansi keuangan di Indonesia.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of PT Telefast Indonesia Tbk and its subsidiaries as of December 31, 2020, and their consolidated financial performance, and cash flows for the year then ended in accordance with financial accounting standards in Indonesia.

Penekanan suatu hal Emphasis of matter

Sebagaimana dijelaskan dalam Catatan 4 atas laporan keuangan konsolidasian terlampir, angka-angka koresponding periode sebelumnya telah disajikan kembali berkaitan dengan penerapan Pernyataan Standar Akuntansi Keuangan (PSAK) 38, “Kombinasi Bisnis Entitas Sepengendali” dengan menggunakan metode penyatuan kepemilikan. Opini kami tidak dimodifikasi sehubungan dengan hal tersebut.

As disclosed in Note 4 to the accompanying consolidated financial statements, the corresponding figures for prior periods have been restated in relation to the application of the Statement of Financial Accounting Standards (PSAK) 38, "Business Combination of Entities Under Common Control" using the pooling of interest method. Our opinion is not modified in respect of the matter.

KOSASIH, NURDIYAMAN, MULYADI, TJAHJO & REKAN

Drs. Emanuel Handojo Pranadjaja, CA, CPA

Nomor Registrasi Akuntan Publik /Public Accountant Registration Number AP.0929 28 Mei 2021/May 28, 2021

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

keuangan konsolidasian secara keseluruhan.

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

financial statements taken as whole.

1 Januari 2019/

31 Desember/December 31, 31 Desember 2018/

Catatan/ January 1, 2019/

Notes 2020 2019 December 31, 2018

(Disajikan kembali, Catatan 4/

As restated, Note 4)

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2d,2p,6,32 23.039.705.426 25.257.090.666 2.001.716.022 Cash and cash equivalents Other investment

Investasi lainnya 2e,2p,7,9h,32 - 26.363.470.000 - Other investments

Piutang usaha - neto 2p,8,17,28,32 Trade receivables - net

Pihak ketiga 32.111.025.180 34.982.699.014 35.872.490.706 Third parties Related parties

Pihak berelasi 2e,9a 749.613.206 675.995.892 267.442.116 Related parties

Piutang lain-lain - pihak ketiga 2p,10,32 2.636.458.122 815.417.608 18.712.399.850 Other receivables - third parties

Persediaan 2f,11,17,26 95.219.992.007 78.338.758.268 18.418.990.196 Inventories

Uang muka 12 30.911.266.507 41.596.731.819 - Advances third parties related parties

Beban dibayar di muka 2g 43.478.213 367.686.840 223.218.410 Prepaid expenses

Pajak dibayar di muka 2n,19a 388.347.848 6.490.000 - Prepaid taxes

Piutang pihak berelasi 2e,2p,9b,32 13.000.000.000 510.000.000 17.381.815.572 Due from related parties

Deposito yang dibatasi

penggunaannya 2p,13,17,32 13.400.000.000 15.000.000.000 10.000.000.000 Restricted time deposit

Total Aset Lancar 211.499.886.509 223.914.340.107 102.878.072.872 Total Current Assets

ASET TIDAK LANCAR NONCURRENT ASSETS

2h,2j,14,

Aset tetap - neto 28 1.026.570.735 1.360.535.766 1.237.393.563 Property and equipment - net Aset takberwujud - neto 2j,2k,15,28 7.916.745.736 5.380.818.750 680.500.000 Intangible assets - net

Aset hak-guna - neto 2j,2o,20a,28 2.729.041.168 - - Right-of-use assets - net

Investasi pada entitas asosiasi 2i,16 223.650.000 225.450.000 229.500.000 Investment in associate Aset pajak tangguhan 2n,19e 593.952.071 294.829.227 144.415.294 Deferred tax assets

Total Aset Tidak Lancar 12.489.959.710 7.261.633.743 2.291.808.857 Total Noncurrent Assets

TOTAL ASET 223.989.846.219 231.175.973.850 105.169.881.729 TOTAL ASSETS

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Tanggal 31 Desember 2020

(Disajikan dalam Rupiah, kecuali dinyatakan lain)

As of December 31, 2020

(Expressed in Rupiah, unless otherwise stated)

1 Januari 2019/

Notes 2020 2019 December 31, 2018

LIABILITAS LIABILITIES EQUITY

LIABILITAS JANGKA

PENDEK CURRENT LIABILITIES

2p,8,11,13,

Utang bank jangka pendek 17,29,32 51.889.000.000 70.491.320.000 29.542.500.000 Short-term bank loans

Utang usaha 2p,18,32 Trade payables

Pihak ketiga 9.775.381 - - Third parties

Pihak berelasi 2e,9c 3.348.050.776 653.443.099 363.993.491 Related parties

Utang lain-lain - pihak ketiga 2p,32 15.935.589 279.095.183 - Other payables - third parties Beban masih harus dibayar 2p,32 260.100.000 456.389.438 374.565.243 Accrued expenses

Uang muka penjualan 2m 3.700.000 112.490.318 - Advances from customers

Utang pajak 2n,19b 5.327.452.195 4.712.885.408 10.123.127.226 Taxes payable

Utang pihak berelasi 2e,2p,9d,32 12.003.333 - 229.500.000 Due to related party Taxes payable

Bagian liabilitas sewa

yang jatuh tempo 2o,2p, Current maturities of

dalam waktu satu tahun 20b,28,29,32 1.072.843.073 - - lease liabilities

Total Liabilitas Jangka Pendek 61.938.860.347 76.705.623.446 40.633.685.960 Total Current Liabilities

LIABILITAS JANGKA NONCURRENT

PANJANG LIABILITIES

Liabilitas sewa setelah dikurangi

bagian yang jatuh tempo 2o,2p, Lease liabilities -

dalam satu tahun 20b,28,29,32 1.598.980.874 - - net of current maturities

Liabilitas imbalan kerja Employee benefits

karyawan 2l,21,28 2.430.069.153 1.179.316.910 577.661.175 liabilities

Total Liabilitas Total Noncurrent

Jangka Panjang 4.029.050.027 1.179.316.910 577.661.175 Liabilities

TOTAL LIABILITAS 65.967.910.374 77.884.940.356 41.211.347.135 TOTAL LIABILITIES

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1 Januari 2019/

Notes 2020 2019 December 31, 2018

EKUITAS EQUITY

Ekuitas yang dapat Equity attributable to

diatribusikan kepada Owners of

Pemilik Entitas Induk the Company

Modal saham - nilai nominal Share capital - par value

Rp 20 per saham pada Rp 20 per share as of

tanggal 31 Desember 2020 December 31, 2020

dan 2019, dan Rp 100 and 2019, and Rp 100

per saham pada tanggal per share as of

31 Desember 2018 December 31, 2018

Modal dasar - Authorized capital -

5.000.000.000 saham pada 5,000,000,000 shares

tanggal 31 Desember 2020 as of December 31, 2020

dan 2019 dan 1.000.000.000 and 2019, and 1,000,000,000

saham pada tanggal shares as of

31 Desember 2018 December 31, 2018

Modal ditempatkan

dan disetor penuh - Issued and fully paid capital -

1.666.666.500 saham pada 1,666,666,500 shares

tanggal 31 Desember 2020, as of December 31, 2020

dan 2019, 250.000.000 and 2019, and 250,000,000

saham pada tanggal shares as of

31 Desember 2018 22 33.333.330.000 33.333.330.000 25.000.000.000 December 31, 2018

Tambahan modal disetor 2s,2v,23 69.990.806.187 69.990.806.187 6.385.847.369 Additional paid-in capital

Saham treasuri 2w,22 (1.659.660.900) - - Treasury stock

Capital proforma arising

Proforma modal yang berasal from restructuring

dari transaksi restrukturisasi transactions of entities

entitas sepengendali 2s - 331.500.000 1.049.200.313 under common control

Rugi komprehensif lain - Other comprehensive loss -

kerugian aktuaria 2l,2n,19e,21 (788.596.861) (326.185.209) (110.884.278) actuarial losses

Saldo laba Retained earnings

Telah ditentukan

penggunaannya 24 100.000.000 - - Appropriated

Belum ditentukan

penggunaannya 54.279.383.691 47.894.126.090 29.012.737.768 Unappropriated

Total ekuitas yang dapat

diatribusikan kepada Total equity attributable to

Pemilik Entitas Induk 155.255.262.117 151.223.577.068 61.336.901.172 Owners of the Company Kepentingan nonpengendali 2b 2.766.673.728 2.067.456.426 2.621.633.422 Noncontrolling interests

TOTAL EKUITAS 158.021.935.845 153.291.033.494 63.958.534.594 TOTAL EQUITY

TOTAL LIABILITAS DAN TOTAL LIABILITIES

EKUITAS 223.989.846.219 231.175.973.850 105.169.881.729 AND EQUITY

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KOMPREHENSIF LAIN KONSOLIDASIAN Untuk Tahun yang Berakhir Pada Tanggal

31 Desember 2020

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For The Year Ended December 31, 2020 (Expressed in Rupiah, unless otherwise stated)

2019

(Disajikan kembali,

Catatan/ Catatan 4/

2020 Notes As restated, Note 4)

PENJUALAN NETO 568.485.276.455 2e,2m,9e,25 665.609.561.999 NET SALES 2e,2m,9f,

BEBAN POKOK PENJUALAN 523.980.652.549 11,26 610.573.723.460 COST OF GOODS SOLD

LABA KOTOR 44.504.623.906 55.035.838.539 GROSS PROFIT

BEBAN USAHA 2m OPERATING EXPENSES

2e,2o,8,9g,

Beban umum dan 14,15,19f,20a, General and

administrasi 26.649.714.340 20b,21,28 20.092.866.224 administrative expenses

Beban penjualan 3.310.840.682 27 5.624.415.464 Selling expenses

Total Beban Usaha 29.960.555.022 25.717.281.688 Total Operating Expenses

LABA USAHA 14.544.068.884 29.318.556.851 OPERATING INCOME

PENGHASILAN (BEBAN)

LAIN-LAIN 2m OTHER INCOME (EXPENSES)

Pendapatan bunga 763.381.042 2p,6,13 694.201.679 Interest income

2o,2p,

Beban bunga (6.219.609.175) 17,20b,29 (5.391.692.679) Interest expenses

Keuntungan (kerugian) Gain (loss) on

investasi lainnya (330.645.000) 2p,7 263.933.720 other investments

Gain on sale of

Laba penjualan aset tetap - 2h,14 2.563.962 property and equipment

Bagian atas rugi entitas asosiasi (1.800.000) 2i,16 (4.050.000) Share in net loss of associate

Loss on write-off of

Rugi penghapusan aset tetap - 2h,14 (9.673.500) property and equipment

Lain-lain - bersih 1.093.100.152 (171.731.803) Others - net

Total Beban Lain-Lain - Total Other Expenses -

Neto (4.695.572.981) (4.616.448.621) Net

LABA SEBELUM BEBAN INCOME BEFORE

PAJAK PENGHASILAN 9.848.495.903 24.702.108.230 INCOME TAX EXPENSE

BEBAN PAJAK PENGHASILAN 3.386.070.629 2n,19c 6.389.532.804 INCOME TAX EXPENSE

LABA TAHUN BERJALAN NET INCOME FOR THE YEAR

SETELAH DAMPAK AFTER EFFECT OF

PENYESUAIAN PROFORMA 6.462.425.274 18.312.575.426 PROFORMA ADJUSTMENT

Dampak penyesuaian proforma Effect of proforma adjustment

atas laba tahun berjalan - 2s 18.499.181 on net income for the year

LABA NETO TAHUN BERJALAN 6.462.425.274 18.331.074.607 NET INCOME FOR THE YEAR

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2019

(Disajikan kembali,

Catatan/ Catatan 4/

2020 Notes As restated, Note 4)

PENGHASILAN (RUGI) OTHER COMPREHENSIVE

KOMPREHENSIF LAIN INCOME (LOSS)

Pos-pos yang tidak akan

direklasifikasikan ke laba Items that will not be

rugi pada periode reclassified to profit or loss

berikutnya: in subsequent period:

Pengukuran kembali Remeasurement of

liabilitas imbalan kerja employee benefits

karyawan terkait (575.205.236) 2l,21 (292.218.949) liabilities

Efek pajak terkait 113.343.213 2n,19e 73.054.737 Related tax effect

RUGI KOMPREHENSIF OTHER COMPREHENSIVE

LAIN - NETO PAJAK (461.862.023) (219.164.212) LOSS - NET OF TAX

TOTAL LABA TOTAL COMPREHENSIVE

KOMPREHENSIF 6.000.563.251 18.111.910.395 INCOME

Laba neto yang dapat Net income for the year

diatribusikan kepada: attributable to:

Pemilik Entitas Induk 6.485.257.601 18.881.388.322 Owners of the Company

Kepentingan nonpengendali (22.832.327) 2b (550.313.715) Noncontrolling interests

LABA NETO TAHUN BERJALAN 6.462.425.274 18.331.074.607 NET INCOME FOR THE YEAR

Total laba (rugi) komprehensif Total comprehensive income

yang dapat diatribusikan kepada: (loss) attributable to:

Pemilik Entitas Induk 6.022.845.949 18.666.087.391 Owners of the Company

Kepentingan nonpengendali (22.282.698) 2b (554.176.996) Noncontrolling interests

TOTAL LABA KOMPREHENSIF 6.000.563.251 18.111.910.395 TOTAL COMPREHENSIVE INCOME

LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE

YANG DIATRIBUSIKAN ATTRIBUTABLE TO

KEPADA PEMILIK OWNERS OF THE

ENTITAS INDUK 3,91 2u,34 12,89 COMPANY

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Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial Untuk Tahun yang Berakhir Pada Tanggal

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For The Year Ended December 31, 2020 (Expressed in Rupiah, unless otherwise stated)

Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/

Equity Attributable to Owners of the Company

Catatan/

Notes

Modal saham ditempatkan dan

disetor penuh/

Share capital

Tambahan modal disetor/

Additional paid-in capital

Proforma modal yang berasal dari

transaksi restrukturisasi

entitas sepengendali/

Capital proforma arising from restructuring transactions of

entities under common control

Beban komprehensif lain - keuntungan (kerugian) aktuaria/

Other comprehensive

income (loss) - actuarial gains (losses)

Saldo laba/

Retained earnings

Subtotal/

Subtotal

Kepentingan nonpengendali/

Noncontrolling interests

Total Ekuitas/

Total Equity

Saldo, 1 Januari 2019 25.000.000.000 6.385.847.369 1.049.200.313 (110.884.278 ) 29.012.737.768 61.336.901.172 2.621.633.422 63.958.534.594

Balance, January 1, 2019

Penawaran saham umum 8.333.330.000 66.666.640.000 - - - 74.999.970.000 - 74.999.970.000 Initial Public Offering

Beban emisi saham 2v,23 - (3.060.882.314 ) - - - (3.060.882.314 ) - (3.060.882.314 ) Stock issuance costs

Laba tahun berjalan - - - - 18.881.388.322 18.881.388.322 (550.313.715 ) 18.331.074.607 Net income for the year

Penghasilan (rugi)

komprehensif lain

Other comprehensive income (loss) Pengukuran kembali liabilitas

imbalan kerja karyawan 2l,21 - - - (287.067.908 ) - (287.067.908 ) (5.151.042 ) (292.218.950 )

Remeasurement of employee benefits liabilities Manfaat pajak penghasilan

terkait 2n,19e - - - 71.766.977 - 71.766.977 1.287.761 73.054.738 Related tax effect

Dampak penyesuaian proforma

atas laba tahun berjalan 2s - - (18.499.181 ) - - (18.499.181 ) - (18.499.181 )

Effect of proforma adjustment on net income for the year

Selisih atas transaksi dengan

pihak sepengendali 2s,23 - (798.868 ) (699.201.132 ) - - (700.000.000 ) - (700.000.000 )

Difference in value arising from restructuring transactions of entities under common control

Saldo, 31 Desember 2019 33.333.330.000 69.990.806.187 331.500.000 (326.185.209 ) 47.894.126.090 151.223.577.068 2.067.456.426 153.291.033.494

Balance, December 31, 2019

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Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial

Saldo Laba/

Retained Earnings

Catatan/

Notes

Modal saham ditempatkan

dan disetor penuh/

Share capital

Tambahan modal disetor/

Additional paid-in capital

Saham treasuri Treasury stock

Proforma modal yang berasal dari

transaksi restrukturisasi

entitas sepengendali/

Capital proforma arising from restructuring transactions of

entities under common control

Beban komprehensif

lain - keuntungan

(kerugian) aktuaria/

Other comprehensive

income (loss) - actuarial gains

(losses

Telah ditentukan penggunaannya/

Appropriated

Belum ditentukan penggunaannya/

Unappropriated

Subtotal/

Subtotal

Kepentingan nonpengendali/

Noncontrolling interests

Total Ekuitas/

Total Equity

Saldo, 1 Januari 2020 33.333.330.000 69.990.806.187 - 331.500.000 (326.185.209 ) - 47.894.126.090 151.223.577.068 2.067.456.426 153.291.033.494

Balance, January 1, 2020

Laba tahun berjalan - - - - - - 6.485.257.601 6.485.257.601 (22.832.327 ) 6.462.425.274 Net income for the year

Cadangan umum - - - - - 100.000.000 (100.000.000 ) - - -

Appropriation of retained earnings

Penghasilan (rugi)

komprehensif lain

Other comprehensive income (loss)

Pengukuran kembali liabilitas

imbalan kerja karyawan 2l,21 - - - - (576.108.005 ) - - (576.108.005 ) 902.769 (575.205.236)

Remeasurement of employee benefits

liabilities Manfaat pajak penghasilan

terkait 2n,19e - - - - 113.696.353 - - 113.696.353 (353.140) 113.343.213 Related tax effect

Saham treasuri 2w,22 - - (1.659.660.900 ) - - - - (1.659.660.900 ) - (1.659.660.900 ) Treasury stock

Penempatan saham

kepentingan non-pengendali - - - - - - - - 721.500.000 721.500.000

Issuance of shares to noncontrollinginterests

Selisih atas transaksi dengan

pihak sepengendali 2s - - - (331.500.000 ) - - - (331.500.000 ) - (331.500.000 )

Difference in value arising from restructuring

transactions of entities under common control

Saldo, 31 Desember 2020 33.333.330.000 69.990.806.187 (1.659.660.900 ) - (788.596.861 ) 100.000.000 54.279.383.691 155.255.262.117 2.766.673.728 158.021.935.845

Balance, December 31, 2020

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The accompanying notes to the consolidated financial statements form an integral part of these consolidated PT TELEFAST INDONESIA Tbk DAN ENTITAS ANAKNYA

LAPORAN ARUS KAS KONSOLIDASIAN Untuk Tahun yang Berakhir Pada Tanggal

PT TELEFAST INDONESIA Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS

For The Year Ended December 31, 2020 (Expressed in Rupiah, unless otherwise stated)

2019

(Disajikan kembali Catatan/ Catatan 4/As 2020 Notes restated, Note 4)

ARUS KAS DARI CASH FLOWS FROM

AKTIVITAS OPERASI OPERATING ACTIVITIES

Penerimaan dari pelanggan 574.556.821.308 660.793.048.415 Receipts from customers

Pendapatan bunga 763.381.042 694.201.679 Interest income

Pembayaran kepada pemasok (527.844.821.039) (711.800.773.743 ) Payment to suppliers Pembayaran kepada karyawan (18.213.865.215) (14.633.035.436 ) Payment to employees

Pembayaran beban operasi Payment for

lainnya (6.461.715.779) (9.427.068.830 ) other operating expenses

Pembayaran pajak penghasilan (6.296.867.101) (7.005.379.946 ) Payment for income taxes

Pembayaran bunga (6.219.609.175) (5.391.692.679 ) Payment of interest

Penerimaan dari (pembayaran) Receipts from (payment for)

kegiatan operasi lainnya (3.674.715.129) 17.864.342.192 other operating activities

Arus Kas Bersih Diperoleh Dari Net Cash Flows

(Digunakan Untuk) Aktivitas Provided By (Used In)

Operasi 6.608.608.912 (68.906.358.348 ) Operating Activities

AKTIVITAS INVESTASI INVESTING ACTIVITIES

Penjualan investasi lainnya 26.032.825.000 7 - Redemption of other investments

Pencairan (penempatan) deposito

berjangka yang dibatasi Redemption (placement) of

penggunaannya 1.600.000.000 13 (5.000.000.000 ) restricted time deposit

Perolehan aset takberwujud (2.954.835.319) 15 (4.913.300.000 ) Acquisition of intangible assets Penyertaan saham pada entitas anak (331.500.000) (700.000.000 ) Investment in subsidiaries

Acquisition of

Perolehan aset tetap (152.953.018) 14 (991.653.986 ) property and equipment

Penerimaan dari Proceeds from sale of

penjualan aset tetap - 14 336.000.000 property and equipment

Penempatan investasi lainnya - 7 (26.099.536.280 ) Placement of other investments

(Digunakan Untuk) Provided By (Used In)

Aktivitas Investasi 24.193.536.663 (37.368.490.266 ) Investing Activities

(14)

2019

(Disajikan kembali Catatan/ Catatan 4/As 2020 Notes restated, Note 4)

AKTIVITAS PENDANAAN FINANCING ACTIVITIES

Penerimaan utang bank Proceeds from

jangka pendek 578.924.943.000 17 540.151.881.000 short-term bank loans

Penerbitan saham pada Issuance of shares to

kepentingan nonpengendali 721.500.000 - noncontrolling interests

Pembayaran utang pihak berelasi 12.003.333 9d (229.500.000 ) Payment for due to related party

Pembayaran utang bank Payment of

jangka pendek (597.527.263.000) 17 (499.203.061.000 ) short-term bank loans

Penerimaan dari (pelunasan) Receipts from (additional)

piutang pihak berelasi (12.490.000.000) 9b 16.871.815.572 due from related parties

Pembelian kembali saham Buyback of the Company’s

Entitas Induk (1.659.660.900) 22 - shares

Pembayaran pokok Payment of principal portion of

liabiitas sewa (1.001.053.248) 20b - lease liabilities

Tambahan modal disetor

dari Penawaran Umum Additional paid-in capital

Perdana - 23 63.605.757.686 from Initial Public Offering

Penawaran Umum Perdana Saham - 8.333.330.000 Initial Public Offering

(Digunakan Untuk) Aktivitas Provided By (Used in)

Pendanaan (33.019.530.815) 129.530.223.258 Financing Activities

KENAIKAN (PENURUNAN) NET INCREASER (DECREASE) IN

BERSIH KAS DAN CASH AND CASH

SETARA KAS (2.217.385.240) 23.255.374.644 EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

PADA AWAL TAHUN 25.257.090.666 2.001.716.022 AT BEGINNING OF THE YEAR

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

PADA AKHIR TAHUN 23.039.705.426 25.257.090.666 AT END OF THE YEAR