PRODUK PERSEROAN Company Products
DUH 37 8QLWD %UDQLQGR DQG 37 0D\RUD 'KDQD8WDPD1RWH
6HVXDL GHQJDQ SDVDO $QJJDUDQ 'DVDU 3HUXVDKDDQ UXDQJ OLQJNXS NHJLDWDQ 3HUXVDKDDQ DGDODK PHQMDODQNDQ XVDKD GDODP ELGDQJ LQGXVWUL SHUGDJDQJDQ VHUWD DJHQSHUZDNLODQ 6DDW LQL 3HUXVDKDDQ PHQMDODQNDQ ELGDQJ XVDKD LQGXVWUL PDNDQDQ NHPEDQJ JXOD GDQ ELVNXLW 3HUXVDKDDQ PHQMXDO SURGXNQ\D GL SDVDU ORNDOGDQOXDUQHJHUL
,Q DFFRUGDQFH ZLWK DUWLFOH RI WKH
&RPSDQ\V$UWLFOHVRI$VVRFLDWLRQWKHVFRSH RILWVDFWLYLWLHVLVWRHQJDJHLQPDQXIDFWXULQJ WUDGLQJ DQG DJHQF\ $W SUHVHQW WKH
&RPSDQ\ HQJDJHV LQ WKH PDQXIDFWXUH RI IRRG FDQGLHV DQG ELVFXLWV 7KH &RPSDQ\
VHOOV LWV SURGXFWV ERWK LQ GRPHVWLF DQG IRUHLJQPDUNHWV
3HUXVDKDDQ PHPXODL XVDKDQ\D VHFDUD NRPHUVLDO SDGD EXODQ 0HL .DQWRU SXVDW 3HUXVDKDDQ WHUOHWDN GL *HGXQJ 0D\RUD -O 'DDQ 0RJRW .0 .DOLGHUHV -DNDUWD VHGDQJNDQ SDEULN 3HUXVDKDDQ WHUOHWDNGL7DQJHUDQJGDQ%HNDVL
7KH&RPSDQ\VWDUWHGFRPPHUFLDORSHUDWLRQV LQ 0D\ ,WV KHDG RIILFH LV ORFDWHG DW 0D\RUD +HDGTXDUWHUV -O 'DDQ 0RJRW .0.DOLGHUHV-DNDUWDZKLOHLWVIDFWRULHV DUHORFDWHGLQ7DQJHUDQJ DQG%HNDVL
E 3HQDZDUDQ 8PXP (IHN GDQ 2EOLJDVL
3HUXVDKDDQ E 3XEOLF2IIHULQJRI6KDUHVDQG%RQGV
3HQDZDUDQ8PXP6DKDP 6KDUHV2IIHULQJ
3DGD WDQJJDO 0HL 3HUXVDKDDQ PHPSHUROHK SHUVHWXMXDQ GDUL 0HQWHUL .HXDQJDQ 5HSXEOLN ,QGRQHVLD GHQJDQ 6XUDW .HSXWXVDQ 1R 6,6+00.
XQWXNPHODNXNDQSHQDZDUDQXPXPDWDV VDKDP 3HUXVDKDDQ GHQJDQ QLODL QRPLQDO5SSHUVDKDPGDQGLWDZDUNDQ VHKDUJD 5S SHU VDKDP NHSDGD PDV\DUDNDWGDQWHODKGLFDWDWNDQSDGD%XUVD (IHN,QGRQHVLDSDGDWDQJJDO-XOL
2Q 0D\ WKH &RPSDQ\ REWDLQHG WKH 1RWLFH RI (IIHFWLYLW\ IURP WKH 0LQLVWHU RI )LQDQFH RI WKH 5HSXEOLF RI ,QGRQHVLD LQ KLV /HWWHU 1R 6,6+00. IRU LWV RIIHULQJWRWKHSXEOLFRIVKDUHVDW 5SSHUVKDUHDQGRIIHUHGIRU5S SHU VKDUH 2Q -XO\ DOO RI WKHVH VKDUHV ZHUH OLVWHG LQ WKH ,QGRQHVLD 6WRFN ([FKDQJH
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
3DGDWDQJJDO2NWREHU3HUXVDKDDQ PHPSHUROHK SHUQ\DWDDQ HIHNWLI GDUL .HWXD
%DGDQ 3HQJDZDV 3DVDU 0RGDO %DSHSDP DWDX %DGDQ 3HQJDZDV 3DVDU 0RGDO GDQ /HPEDJD .HXDQJDQ %DSHSDP GDQ /.DWDX VHNDUDQJ 2WRULWDV -DVD .HXDQJDQ2-.
GHQJDQ VXUDW 1R 630 XQWXN PHODNXNDQ SHQDZDUDQ XPXP WHUEDWDV DWDV VDKDP 3HUXVDKDDQ NHSDGD SHPHJDQJVDKDPGDQWHODKGLFDWDWNDQSDGD
%XUVD (IHN ,QGRQHVLD SDGD WDQJJDO 'HVHPEHU
2Q2FWREHUWKH&RPSDQ\REWDLQHG WKH1RWLFHRI(IIHFWLYLW\RI6KDUH5HJLVWUDWLRQ 1R 630 IURP WKH &KDLUPDQ RI WKH &DSLWDO 0DUNHW 6XSHUYLVRU\ $JHQF\
%DSHSDP RU WKH &DSLWDO 0DUNHW DQG )LQDQFLDO ,QVWLWXWLRQV 6XSHUYLVRU\ $JHQF\
%DSHSDP/. RU FXUUHQWO\ )LQDQFLDO 6HUYLFHV
$XWKRULW\ 2-. IRU LWV ULJKWV LVVXH RI VKDUHV WR WKH VWRFNKROGHUV ZKLFK ZHUH OLVWHG LQ WKH ,QGRQHVLD 6WRFN ([FKDQJHRQ'HFHPEHU
3DGD WDQJJDO )HEUXDUL 3HUXVDKDDQ PHPSHUROHK SHUQ\DWDDQ HIHNWLI GDUL .HWXD
%DSHSDP GDQ /. GHQJDQ VXUDW
1R 630 XQWXN PHODNXNDQ
SHQDZDUDQ XPXP WHUEDWDV DWDV VDKDP 3HUXVDKDDQ NHSDGD SHPHJDQJ VDKDPGDQWHODKGLFDWDWNDQSDGD%XUVD(IHN ,QGRQHVLDSDGDWDQJJDO0DUHW
2Q)HEUXDU\WKH&RPSDQ\REWDLQHG WKH1RWLFHRI(IIHFWLYLW\RI6KDUH5HJLVWUDWLRQ 1R 630 IURP WKH &KDLUPDQ RI WKH%DSHSDP/.IRULWVOLPLWHGSXEOLFRIIHULQJ RI VKDUHV WR WKH VWRFNKROGHUV ZKLFK ZHUH OLVWHG LQ WKH ,QGRQHVLD 6WRFN ([FKDQJHRQ0DUFK
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
$+WDQJJDO-XOL
%DVHG RQ WKH ([WUDRUGLQDU\ *HQHUDO 6WRFNKROGHUV0HHWLQJKHOGRQ-XQH WKH VWRFNKROGHUV DJUHHG WRVSOLW WKH QRPLQDO YDOXHRI&RPSDQ\¶VVKDUHVIURPSDUYDOXHRI 5S LQ IXOO 5XSLDK SHU VKDUH WR 5S LQIXOO5XSLDKSHUVKDUH$VDUHVXOWRIWKH VWRFN VSOLW WKHDXWKRUL]HGFDSLWDODPRXQWLQJ WR 5S QRZ FRQVLVWV RI VKDUHVZLWKDQRPLQDOYDOXH RI 5S SHU VKDUH IURP SUHYLRXV VKDUHV ZLWK D QRPLQDO YDOXH RI 5S SHU VKDUH 7KLV FKDQJH ZDV GRFXPHQWHG LQ 1RWDULDO 'HHG 1R GDWHG -XO\ RI 3HULDVPDQ (IIHQGL 6+
0+DSXEOLFQRWDU\LQ7DQJHUDQJDQGZDV DSSURYHGE\WKH0LQLVWU\RI/DZDQG+XPDQ 5LJKWV RI WKH 5HSXEOLF RI ,QGRQHVLD LQ LWV 'HFLVLRQ /HWWHU 1R $+8$+
GDWHG-XO\
3DGD WDQJJDO 'HVHPEHU GDQ VHOXUXK VDKDP 3HUXVDKDDQ WHODK WHUFDWDW GL
%XUVD(IHN,QGRQHVLD
$V RI 'HFHPEHU DQG DOO RI WKH &RPSDQ\¶V VKDUHV DUH OLVWHG LQ WKH ,QGRQHVLD6WRFN([FKDQJH
3HQDZDUDQ8PXP2EOLJDVL %RQGV
3DGDWDQJJDO)HEUXDUL3HUXVDKDDQ PHQGDSDWNDQSHUQ\DWDDQHIHNWLIGDUL2WRULWDV -DVD .HXDQJDQ 2-. GHQJDQ VXUDW 1R 6' DWDV 3HQDZDUDQ 8PXP 2EOLJDVL %HUNHODQMXWDQ 0D\RUD ,QGDK 7DKXQ 3DGDWDQJJDO\DQJVDPD3HUXVDKDDQ PHQHUELWNDQ 2EOLJDVL 0D\RUD ,QGDK , 7DKXQ VHEHVDU 5S GHQJDQ WLQJNDW EXQJD WHWDS VHEHVDU SHU WDKXQ
2Q )HEUXDU\ WKH &RPSDQ\
REWDLQHG WKH 1RWLFH RI (IIHFWLYLW\ RI %RQG 5HJLVWUDWLRQ 1R 6' IURP WKH
&KDLUPDQ RI WKH %DSHSDP/. IRU WKH 3XEOLF 2IIHULQJ RI 0D\RUD ,QGDK <HDU %RQGV 2Q WKH VDPH GDWH WKH &RPSDQ\ LVVXHG 0D\RUD,QGDK,<HDU%RQGVDPRXQWLQJ WR 5S ZLWK IL[HG LQWHUHVW UDWHDWSHUDQQXP
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
3DGD WDQJJDO 'HVHPEHU
3HUXVDKDDQ PHQHUELWNDQ 2EOLJDVL 0D\RUD
,QGDK ,, 7DKXQ VHEHVDU
5S GHQJDQ WLQJNDW EXQJD WHWDSVHEHVDUSHUWDKXQ
2Q'HFHPEHUWKH&RPSDQ\LVVXHG 0D\RUD,QGDK,,<HDU%RQGVDPRXQWLQJ WR 5S ZLWK IL[HG LQWHUHVW UDWHDWSHUDQQXP
3DGD WDQJJDO $SULO 3HUXVDKDDQ PHQHUELWNDQ2EOLJDVL0D\RUD,QGDK,,,7DKXQ VHEHVDU 5S GHQJDQ WLQJNDW EXQJD WHWDS VHEHVDU SHU WDKXQ
2Q $SULO WKH &RPSDQ\ LVVXHG 0D\RUD ,QGDK ,,, <HDU %RQGV DPRXQWLQJWR5SZLWKIL[HG LQWHUHVWUDWHDWSHUDQQXP
3DGD WDQJJDO 6HSWHPEHU 3HUXVDKDDQ PHQHUELWNDQ 2EOLJDVL
%HUNHODQMXWDQ ,, 0D\RUD ,QGDK 7DKDS , 7DKXQ VHEHVDU 5S GHQJDQ WLQJNDW EXQJD WHWDS 6HUL $ VHEHVDU SHU WDKXQ 6HUL % VHEHVDU SHU WDKXQ6HUL&VHEHVDUSHUWDKXQGDQ 6HUL'VHEHVDUSHUWDKXQ
2Q6HSWHPEHUWKH&RPSDQ\LVVXHG 0D\RUD,QGDK,<HDU%RQGVDPRXQWLQJ WR 5S ZLWK IL[HG LQWHUHVW UDWH IRU $ VHULHV DW SHU DQQXP % VHULHV DW SHU DQQXP & VHULHV DW SHUDQQXPDQG'VHULHVDWSHU DQQXP
F (QWLWDV$QDN\DQJ'LNRQVROLGDVLNDQ F &RQVROLGDWHG6XEVLGLDULHV
3DGD WDQJJDO 'HVHPEHU GDQ HQWLWDVDQDN\DQJGLNRQVROLGDVLNDQWHUPDVXN SHUVHQWDVH NHSHPLOLNDQ 3HUXVDKDDQ DGDODK VHEDJDLEHULNXW
$V RI 'HFHPEHU DQG WKH
VXEVLGLDULHV ZKLFK ZHUH FRQVROLGDWHG LQFOXGLQJ WKH UHVSHFWLYH SHUFHQWDJHV RI RZQHUVKLSKHOGE\WKH&RPSDQ\IROORZV
7DKXQ2SHUDVL .RPHUVLDO
Start of 'RPLVLOL -HQLV8VDKD Commercial
Domicile Nature of Business Operations
.HSHPLOLNDQODQJVXQJDirect ownership
376LQDU3DQJDQ%DUDW63% 0HGDQ ,QGXVWULPDNDQDQRODKDQ
Food processing industry
376LQDU3DQJDQ7LPXU637 6XUDED\D ,QGXVWULPDNDQDQRODKDQ
Food processing industry
0D\RUD1HGHUODQG%9 %HODQGD -DVDNHXDQJDQ
Netherlands Financial services
377RUDELND(ND6HPHVWD7(6 7DQJHUDQJ ,QGXVWULSHQJRODKDQNRSLEXEXNGDQ LQVWDQ
Processing of coffee powder and
instant coffee
.HSHPLOLNDQWLGDNODQJVXQJIndirect ownership .HSHPLOLONDQPHODOXL2ZQHUVKLSWKURXJK
377RUDELND(ND6HPHVWD7(6
37.DNDR0DV*HPLODQJ.0* 7DQJHUDQJ ,QGXVWULSHQJRODKDQELMLNDNDR
Processing of cacao beans
.RSLNR3KLOLSSLQH&RUSRUDWLRQ.3& )LOLSLQD ,QGXVWULSHQJRODKDQNRSLEXEXNGDQ Philippines LQVWDQ
Processing of coffee powder and instant coffee
7LGDNEHURSHUDVL/Non-operating company
3HUVHQWDVH3HPLOLNDQ Jumlah Aset (Sebelum Eliminasi)/
(QWLWDV$QDN Percentage of Ownership Total Assets (Before Elimination) Subsidiaries
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
,QIRUPDVL NHXDQJDQ HQWLWDV DQDN \DQJ GLPLOLNL ROHK NHSHQWLQJDQ QRQSHQJHQGDOL GDODP MXPODK PDWHULDO SDGD WDQJJDO GDQ XQWXN WDKXQ \DQJ EHUDNKLU SDGD 'HVHPEHU GDQ VHEDJDL EHULNXW
)LQDQFLDO LQIRUPDWLRQ RI VXEVLGLDULHV WKDW KDYH PDWHULDO QRQFRQWUROOLQJ LQWHUHVWV DV RI DQG IRU WKH \HDU HQGHG 'HFHPEHU DQGDVIROORZV
%DJLDQ-XPODK
%DJLDQ.HSHQWLQJDQ 3HQJKDVLODQ.RPSUHKHQVLI (QWLWDV$QDN .HSHPLOLNDQ 6DOGR$NXPXODVL Share in Total Subsidiaries Equity Interest Held Accumulated Balances Comprehensive Income
7(6
.0*
'HVHPEHUDecember 31, 2020
.HSHQWLQJDQ1RQSHQJHQGDOL\DQJPDWHULDOMaterial Non-controlling Interests
%DJLDQ-XPODK
%DJLDQ.HSHQWLQJDQ 3HQJKDVLODQ.RPSUHKHQVLI (QWLWDV$QDN .HSHPLOLNDQ 6DOGR$NXPXODVL Share in Total Subsidiaries Equity Interest Held Accumulated Balances Comprehensive Income
7(6
.0*
'HVHPEHUDecember 31, 2019
.HSHQWLQJDQ1RQSHQJHQGDOL\DQJPDWHULDOMaterial Non-controlling Interests
%HULNXWDGDODKULQJNDVDQLQIRUPDVLNHXDQJDQ GDUL HQWLWDV DQDN -XPODKMXPODK WHUVHEXW VHEHOXP GLHOLPLQDVL GHQJDQ WUDQVDNVL DQWDU HQWLWDVGDODP*UXS
7KH VXPPDUL]HG ILQDQFLDO LQIRUPDWLRQ RI WKHVH VXEVLGLDULHV LV SURYLGHG EHORZ 7KLVLQIRUPDWLRQLVEDVHGRQDPRXQWVEHIRUH LQWHUFRPSDQ\HOLPLQDWLRQV
5LQJNDVDQODSRUDQSRVLVLNHXDQJDQ 6XPPDUL]HGVWDWHPHQWVRIILQDQFLDOSRVLWLRQ
7(6 .0* 7(6 .0*
$VHWODQFDU &XUUHQWDVVHWV
$VHWWLGDNODQFDU 1RQFXUUHQWDVVHWV
-XPODK$VHW 7RWDO$VVHWV
/LDELOLWDVMDQJNDSHQGHN &XUUHQWOLDELOLWLHV /LDELOLWDVMDQJNDSDQMDQJ 1RQFXUUHQWOLDELOLWLHV
-XPODK/LDELOLWDV 7RWDO/LDELOLWLHV
-XPODK(NXLWDV 7RWDO(TXLW\
7HUDWULEXVLNDQSDGD $WWULEXWDEOHWR
3HPLOLNHQWLWDV,QGXN 2ZQHUVRISDUHQWFRPSDQ\
.HSHQWLQJDQQRQSHQJHQGDOL 1RQFRQWUROOLQJ,QWHUHVWV 'HVHPEHUDecember 31, 'HVHPEHU'HFHPEHU
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
5LQJNDVDQODSRUDQODEDUXJLGDQSHQJKDVLODQ NRPSUHKHQVLIODLQ
6XPPDUL]HGVWDWHPHQWVRISURILWRUORVVDQG RWKHUFRPSUHKHQVLYHLQFRPH
7(6 .0* 7(6 .0*
3HQGDSDWDQ 5HYHQXHV
/DEDVHEHOXPSDMDN 3URILWEHIRUHWD[
5XJLNRPSUHKHQVLIODLQ 2WKHUFRPSUHKHQVLYHORVV -XPODKSHQJKDVLODQNRPSUHKHQVLI 7RWDOFRPSUHKHQVLYHLQFRPH 7HUDWULEXVLNDQNHSDGDNHSHQWLQJDQ
QRQSHQJHQGDOL $WWULEXWDEOHWRQRQFRQWUROOLQJLQWHUHVWV 'LYLGHQ\DQJGLED\DUNDQSDGDNHSHQWLQJDQ
QRQSHQJHQGDOL 'LYLGHQGVSDLGWRQRQFRQWUROLLQJLQWHUHVWV 'HVHPEHUDecember 31, 'HVHPEHU'HFHPEHU
5LQJNDVDQLQIRUPDVLDUXVNDV 6XPPDUL]HGFDVKIORZVLQIRUPDWLRQ
7(6 .0* 7(6 .0*
2SHUDVL 2SHUDWLQJ
,QYHVWDVL ,QYHVWLQJ
3HQGDQDDQ )LQDQFLQJ
.HQDLNDQSHQXUXQDQEHUVLK 1HWLQFUHDVHGHFUHDVH NDVGDQVHWDUDNDV LQFDVKDQGFDVKHTXLYDOHQWV
'HVHPEHUDecember 31, 'HVHPEHU'HFHPEHU
3HQGLULDQ(QWLWDV$QDN (VWDEOLVKPHQWRI6XEVLGLDULHV
.RSLNR3KLOLSSLQH&RUSRUDWLRQ.3& .RSLNR3KLOLSSLQH&RUSRUDWLRQ.3&
.3& GLGLULNDQ SDGD WDQJJDO 1RYHPEHU \DQJ WHUGDIWDU GDODPSecurities and Exchange Commision (SEC) Phillipines GHQJDQ6(&5HJLVWUDVL1R&6
.3& ZDV HVWDEOLVKHG RQ 1RYHPEHU UHJLVWHUHG ZLWK WKH 6HFXULWLHV DQG ([FKDQJH
&RPPLVLRQ 6(& 3KLOOLSLQHV ZLWK 6(&
UHJLVWUDWLRQ%R&6
37 7RUDELND (ND 6HPHVWD HQWLWDV DQDN PHQGLULNDQ .3& GHQJDQ QLODL LQYHVWDVL VHEHVDU 3+3 GHQJDQ MXPODK VDKDP VHEDQ\DN OHPEDU VDKDP GHQJDQQLODLQRPLQDO3+3SHUVDKDP
37 7RUDELND (ND 6HPHVWD D VXEVLGLDU\
SODFHG SDLGXS FDSLWDO LQ .3& DPRXQWLQJ WR 3+3 RU UHSUHVHQWLQJ VKDUHV ZLWK D QRPLQDO YDOXH RI 3+3 SHU VKDUH
G 'HZDQ.RPLVDULV'LUHNVLGDQ.DU\DZDQ G %RDUG RI &RPPLVVLRQHUV 'LUHFWRUV DQG (PSOR\HHV
3DGD WDQJJDO 'HVHPEHU GDQ VXVXQDQSHQJXUXV 3HUXVDKDDQ EHUGDVDUNDQ 5DSDW 8PXP 3HPHJDQJ 6DKDP 7DKXQDQ
\DQJ GLDGDNDQ WDQJJDO -XQL \DQJ GLGRNXPHQWDVLNDQ GDODP $NWD 1R GDUL 1RYLWD 3XVLSLWDULQL 6+ QRWDULV GL -DNDUWD DGDODKVHEDJDLEHULNXW
$V RI 'HFHPEHU DQG EDVHG RQ D UHVROXWLRQ GXULQJ WKH $QQXDO *HQHUDO 6KDUHKROGHUV¶ 0HHWLQJ KHOG RQ -XQH DVGRFXPHQWHGLQ1RWDULDO'HHG1R RI1RYLWD3XVLSLWDULQL6+DSXEOLFQRWDU\LQ -DNDUWD WKH &RPSDQ\¶V PDQDJHPHQW FRQVLVWVRIWKHIROORZLQJ
'HZDQ.RPLVDULV %RDUGRI&RPPLVVLRQHUV
.RPLVDULV8WDPD -RJL+HQGUD$WPDGMD 3UHVLGHQW&RPPLVVLRQHU .RPLVDULV +HUPDZDQ/HVPDQD &RPPLVVLRQHUV
*XQDZDQ$WPDGMD
6XU\DQWR*XQDZDQ
$QWRQ+DUWRQR
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
'LUHNVL 'LUHFWRUV
'LUHNVL8WDPD $QGUH6XNHQGUD
$WPDGMD 3UHVLGHQW'LUHFWRU
'LUHNVL +HQGDUWD$WPDGMD 'LUHFWRUV
:DUGKDQD$WPDGMD
+HQGULN3ROLVDU
0XO\RQR1XUOLPR
6HEDJDL SHUXVDKDDQ SXEOLN 3HUXVDKDDQ WHODK PHPLOLNL .RPLVDULV ,QGHSHQGHQ GDQ .RPLWH $XGLW \DQJ GLZDMLENDQ ROHK 2WRULWDV -DVD .HXDQJDQ 2-. .RPLWH $XGLW 3HUXVDKDDQ WHUGLUL GDUL WLJD RUDQJ DQJJRWD
$V D SXEOLFO\ OLVWHG FRPSDQ\ WKH &RPSDQ\
KDV ,QGHSHQGHQW &RPPLVVLRQHUV DQG DQ$XGLW&RPPLWWHHDVUHTXLUHGE\2-.7KH
&RPSDQ\¶V $XGLW &RPPLWWHH FRQVLVWLQJ RI WKUHHPHPEHUV
3DGD WDQJJDO 'HVHPEHU GDQ VXVXQDQ .RPLWH $XGLW 3HUXVDKDDQ DGDODK VHEDJDLEHULNXW
$V RI 'HFHPEHU DQG WKH
&RPSDQ\¶V$XGLW&RPPLWWHHFRQVLVWLQJRIWKH IROORZLQJ
.HWXD 6XU\DQWR*XQDZDQ &KDLUPDQ
$QJJRWD %XGLRQR'MXDQGL
$QWRQLXV:LUDZDQ
0HPEHUV
3HUVRQLO PDQDMHPHQ NXQFL 3HUXVDKDDQ GDQ HQWLWDV DQDN WHUGLUL GDUL .RPLVDULV 'LUHNVL General0DQDMHUGDQ0DQDMHU6HQLRU
.H\PDQDJHPHQWSHUVRQQHORIWKH&RPSDQ\
DQG LWV VXEVLGLDULHV FRQVLVW RI
&RPPLVVLRQHUV 'LUHFWRUV *HQHUDO 0DQDJHUVDQG6HQLRU0DQDJHUV
-XPODK UDWDUDWD NDU\DZDQ 3HUXVDKDDQ DGDODK GDQ NDU\DZDQ XQWXN WDKXQWDKXQ \DQJ EHUDNKLU 'HVHPEHU GDQ
7KH&RPSDQ\KDGDQDYHUDJHWRWDOQXPEHU RI HPSOR\HHV RI DQG IRU WKH
\HDUV HQGHG 'HFHPEHU DQG UHVSHFWLYHO\
-XPODKUDWDUDWDNDU\DZDQHQWLWDVDQDNUDWD UDWDWLGDNGLDXGLWDGDODKVHEDJDLEHULNXW
7KH DYHUDJH WRWDO QXPEHU RI HPSOR\HHV XQDXGLWHGRIWKHVXEVLGLDULHVIROORZV
'HVHPEHU 'HVHPEHU December 31, 2020 December 31, 2019
.HSHPLOLNDQODQJVXQJDirect Ownership
7(6
637
63%
0D\RUD1HGHUODQG%9
.HSHPLOLNDQWLGDNODQJVXQJIndirect Ownership .HSHPLOLONDQPHODOXLOwnership through
7(6
.0*
.3&
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
H 3HQ\HOHVDLDQ /DSRUDQ .HXDQJDQ .RQVROLGDVLDQ
H &RPSOHWLRQ RI WKH &RQVROLGDWHG )LQDQFLDO 6WDWHPHQWV
/DSRUDQNHXDQJDQNRQVROLGDVLDQ370D\RUD ,QGDK 7EN GDQ HQWLWDV DQDN *UXS XQWXN WDKXQ\DQJEHUDNKLU'HVHPEHUWHODK GLVHOHVDLNDQGDQGLRWRULVDVLXQWXNWHUELWROHK 'LUHNVL SDGD WDQJJDO 0DUHW GDQ 'LUHNVLEHUWDQJJXQJMDZDEDWDVSHQ\XVXQDQ GDQ SHQ\DMLDQ ODSRUDQ NHXDQJDQ NRQVROLGDVLDQWHUVHEXW
7KH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV RI 37 0D\RUD ,QGDK 7EN DQG LWV VXEVLGLDULHV WKH *URXS IRU WKH \HDU HQGHG 'HFHPEHU ZHUHFRPSOHWHGDQGDXWKRUL]HGIRU LVVXDQFH RQ 0DUFK E\ WKH
&RPSDQ\¶V'LUHFWRUVZKRDUHUHVSRQVLEOHIRU WKH SUHSDUDWLRQ DQG SUHVHQWDWLRQ RI WKH FRQVROLGDWHGILQDQFLDOVWDWHPHQWV
,NKWLVDU .HELMDNDQ $NXQWDQVL GDQ 3HODSRUDQ
.HXDQJDQ3HQWLQJ 6XPPDU\ RI 6LJQLILFDQW $FFRXQWLQJ DQG )LQDQFLDO5HSRUWLQJ3ROLFLHV
D 'DVDU 3HQ\XVXQDQ GDQ 3HQJXNXUDQ /DSRUDQ.HXDQJDQ.RQVROLGDVLDQ
D %DVLV RI &RQVROLGDWHG )LQDQFLDO 6WDWHPHQWV 3UHSDUDWLRQ DQG 0HDVXUHPHQW
/DSRUDQ NHXDQJDQ NRQVROLGDVLDQ GLVXVXQ GDQGLVDMLNDQGHQJDQPHQJJXQDNDQ6WDQGDU
$NXQWDQVL .HXDQJDQ GL ,QGRQHVLD PHOLSXWL SHUQ\DWDDQGDQLQWHUSUHWDVL\DQJGLWHUELWNDQ ROHK 'HZDQ 6WDQGDU $NXQWDQVL .HXDQJDQ ,NDWDQ $NXQWDQ ,QGRQHVLD ,$, GDQ 'HZDQ 6WDQGDU $NXQWDQVL 6\DULDK ,$, GDQ 3HUDWXUDQ 2-. 1R 9,,,* WHQWDQJ
³3HQ\DMLDQ GDQ 3HQJXQJNDSDQ /DSRUDQ .HXDQJDQ(PLWHQDWDX3HUXVDKDDQ3XEOLN´
7KH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV KDYH EHHQSUHSDUHGDQGSUHVHQWHGLQDFFRUGDQFH ZLWK ,QGRQHVLDQ )LQDQFLDO $FFRXQWLQJ 6WDQGDUGV ³6$.´ ZKLFK FRPSULVH WKH VWDWHPHQWVDQGLQWHUSUHWDWLRQVLVVXHGE\WKH
%RDUG RI )LQDQFLDO $FFRXQWLQJ 6WDQGDUGV RI WKH ,QVWLWXWH RI ,QGRQHVLD &KDUWHUHG
$FFRXQWDQWV ,$, DQG WKH %RDUG RI 6KDULD
$FFRXQWLQJ 6WDQGDUGV RI ,$, DQG 2-.
5HJXODWLRQ 1R 9,,,* UHJDUGLQJ
³3UHVHQWDWLRQ DQG 'LVFORVXUHV RI 3XEOLF
&RPSDQLHV¶ )LQDQFLDO 6WDWHPHQWV´ 6XFK FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV DUH DQ (QJOLVK WUDQVODWLRQ RI WKH *URXS¶V VWDWXWRU\
UHSRUWLQ,QGRQHVLD
'DVDU SHQJXNXUDQ ODSRUDQ NHXDQJDQ NRQVROLGDVLDQ LQL DGDODK NRQVHS ELD\D SHUROHKDQ NHFXDOL EHEHUDSD DNXQ WHUWHQWX GLVXVXQ EHUGDVDUNDQ SHQJXNXUDQ ODLQ VHEDJDLPDQD GLXUDLNDQ GDODP NHELMDNDQ DNXQWDQVL PDVLQJPDVLQJ DNXQ WHUVHEXW /DSRUDQNHXDQJDQNRQVROLGDVLDQLQLGLVXVXQ GHQJDQ PHWRGH DNUXDO NHFXDOL ODSRUDQ DUXV NDVNRQVROLGDVLDQ
7KH PHDVXUHPHQW EDVLV XVHG LV WKH KLVWRULFDO FRVW H[FHSW IRU FHUWDLQ DFFRXQWV ZKLFK DUHPHDVXUHG RQ WKH EDVLV GHVFULEHG LQ WKH UHODWHG DFFRXQWLQJ SROLFLHV 7KH FRQVROLGDWHGILQDQFLDOVWDWHPHQWVH[FHSWIRU WKH FRQVROLGDWHG VWDWHPHQWV RI FDVK IORZV DUH SUHSDUHG XQGHU WKH DFFUXDO EDVLV RI DFFRXQWLQJ
/DSRUDQ DUXV NDV NRQVROLGDVLDQ GLVXVXQ GHQJDQ PHQJJXQDNDQ PHWRGH ODQJVXQJ GHQJDQ PHQJHORPSRNNDQ DUXV NDV GDODP DNWLYLWDVRSHUDVLLQYHVWDVLGDQSHQGDQDDQ
7KH FRQVROLGDWHG VWDWHPHQWV RI FDVK IORZV DUH SUHSDUHG XVLQJ WKH GLUHFW PHWKRG ZLWK FODVVLILFDWLRQV RI FDVK IORZV LQWR RSHUDWLQJ LQYHVWLQJDQGILQDQFLQJDFWLYLWLHV
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
.HELMDNDQ DNXQWDQVL \DQJ GLWHUDSNDQ GDODP SHQ\XVXQDQODSRUDQNHXDQJDQNRQVROLGDVLDQ XQWXN WDKXQ \DQJ EHUDNKLU 'HVHPEHU DGDODK NRQVLVWHQ GHQJDQ NHELMDNDQ DNXQWDQVL \DQJ GLWHUDSNDQ GDODP SHQ\XVXQDQODSRUDQNHXDQJDQNRQVROLGDVLDQ XQWXN WDKXQ \DQJ EHUDNKLU 'HVHPEHU NHFXDOL XQWXN GDPSDN SHQHUDSDQ 36$.1RGDQ36$.1R\DQJHIHNWLI GLWHUDSNDQ VHMDN -DQXDUL VHEDJDLPDQD GLXQJNDSNDQ GDODP &DWDWDQ DWDVODSRUDQNHXDQJDQNRQVROLGDVLDQ
7KH DFFRXQWLQJ SROLFLHV DGRSWHG LQ WKH SUHSDUDWLRQ RI WKH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV IRU WKH \HDU HQGHG 'HFHPEHU DUH FRQVLVWHQW ZLWK WKRVH DGRSWHG LQ WKH SUHSDUDWLRQ RI WKH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV IRU WKH
\HDU HQGHG 'HFHPEHU H[FHSW IRU WKH LPSDFW RI WKH DGRSWLRQ RI 36$. 1R DQG 36$. 1R ZKLFK KDG EHHQ DGRSWHG HIIHFWLYH -DQXDU\ DV GLVFORVHG LQ 1RWH WR WKH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV
/LKDW NH &DWDWDQ GDQ DWDV ODSRUDQ NHXDQJDQ NRQVROLGDVLDQ XQWXN SHQMHODVDQ NHELMDNDQ DNXQWDQVL \DQJ GLWHUDSNDQ HIHNWLI -DQXDUL VHUWD GDPSDNQ\D WHUKDGDS ODSRUDQNHXDQJDQNRQVROLGDVLDQ
3OHDVH UHIHU WR 1RWHV DQG WR WKH FRQVROLGDWHGILQDQFLDOVWDWHPHQWVIRUWKHQHZ DFFRXQWLQJ SROLFLHV DGRSWHG HIIHFWLYH -DQXDU\ DQG WKH FRUUHVSRQGLQJ LPSDFW RQ WKH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV
0DWD XDQJ \DQJ GLJXQDNDQ GDODP SHQ\XVXQDQ GDQ SHQ\DMLDQ ODSRUDQ NHXDQJDQ NRQVROLGDVLDQ DGDODK PDWD XDQJ 5XSLDK \DQJ MXJD PHUXSDNDQ PDWD XDQJ IXQJVLRQDO3HUXVDKDDQ
7KH FXUUHQF\ XVHG LQ WKH SUHSDUDWLRQ DQG SUHVHQWDWLRQ RI WKH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV LV WKH ,QGRQHVLDQ 5XSLDK ZKLFK LV DOVR WKH IXQFWLRQDO FXUUHQF\ RI WKH
&RPSDQ\
E 3ULQVLS.RQVROLGDVL E %DVLV RI&RQVROLGDWLRQ
/DSRUDQ NHXDQJDQ NRQVROLGDVLDQ PHOLSXWL ODSRUDQ NHXDQJDQ 3HUXVDKDDQ GDQ HQWLWDV DQDN*UXS3HQJHQGDOLDQGLSHUROHKDSDELOD
*UXSPHPLOLNLVHOXUXKKDOEHULNXWLQL
7KH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV LQFRUSRUDWH WKH ILQDQFLDO VWDWHPHQWV RI WKH
&RPSDQ\ DQG LWV VXEVLGLDULHV WKH *URXS
&RQWURO LV DFKLHYHG ZKHQ WKH *URXS KDV DOO WKHIROORZLQJ
x NHNXDVDDQDWDVinvestee x SRZHURYHUWKHLQYHVWHH x HNVSRVXU DWDX KDN DWDV LPEDO KDVLO
YDULDEHO GDUL NHWHUOLEDWDQQ\D GHQJDQ investeeGDQ
x LV H[SRVHG RU KDV ULJKWV WR YDULDEOH UHWXUQV IURP LWV LQYROYHPHQW ZLWK WKH LQYHVWHHDQG
x NHPDPSXDQ XQWXN PHQJJXQDNDQ NHNXDVDDQQ\D DWDV investee XQWXN PHPSHQJDUXKLMXPODKLPEDOKDVLO*UXS
x WKH DELOLW\ WRXVHLWVSRZHU WR DIIHFW LWV UHWXUQV
3HQJNRQVROLGDVLDQHQWLWDVDQDNGLPXODLSDGD VDDW *UXS PHPSHUROHK SHQJHQGDOLDQ DWDV HQWLWDV DQDN GDQ EHUDNKLU SDGD VDDW *UXS NHKLODQJDQ SHQJHQGDOLDQ DWDV HQWLWDV DQDN 6HFDUD NKXVXV SHQJKDVLODQ GDQ EHEDQ HQWLWDV DQDN \DQJ GLDNXLVLVL DWDX GLOHSDVNDQ VHODPD WDKXQ EHUMDODQ WHUPDVXN GDODP ODSRUDQ ODED UXJL GDQ SHQJKDVLODQ NRPSUHKHQVLI ODLQ NRQVROLGDVLDQ VHMDN WDQJJDO *UXS PHPSHUROHK SHQJHQGDOLDQ VDPSDL GHQJDQ WDQJJDO *UXS NHKLODQJDQ SHQJHQGDOLDQDWDVHQWLWDVDQDN
&RQVROLGDWLRQ RI D VXEVLGLDU\ EHJLQV ZKHQ WKH*URXSREWDLQVFRQWURORYHUWKHVXEVLGLDU\
DQG FHDVHV ZKHQ WKH *URXS ORVVHV FRQWURO RI WKH VXEVLGLDU\ 6SHFLILFDOO\ LQFRPH DQG H[SHQVHV RI D VXEVLGLDU\ DFTXLUHG RU GLVSRVHG RI GXULQJ WKH \HDU DUH LQFOXGHG LQ WKH FRQVROLGDWHG VWDWHPHQW RI SURILW RU ORVV DQG RWKHU FRPSUHKHQVLYH LQFRPH IURP WKH GDWH WKH *URXS JDLQV FRQWURO XQWLO WKH GDWH ZKHQ WKH *URXS FHDVHV WR FRQWURO WKH VXEVLGLDU\
6HOXUXK DVHW GDQ OLDELOLWDV HNXLWDV SHQJKDVLODQEHEDQGDQDUXVNDVGDODPLQWUD NHORPSRN XVDKD WHUNDLW GHQJDQ WUDQVDNVL DQWDU HQWLWDV GDODP *UXS GLHOLPLQDVL VHFDUD SHQXK GDODP ODSRUDQ NHXDQJDQ NRQVROLGDVLDQ
$OO LQWUDJURXS DVVHWV DQG OLDELOLWLHV HTXLW\
LQFRPHH[SHQVHVDQGFDVKIORZVUHODWLQJWR WUDQVDFWLRQVEHWZHHQPHPEHUVRIWKH*URXS DUHHOLPLQDWHGLQIXOORQFRQVROLGDWLRQ
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
/DEDUXJLGDQVHWLDSNRPSRQHQSHQJKDVLODQ NRPSUHKHQVLI ODLQ GLDWULEXVLNDQ NHSDGD SHPLOLN 3HUXVDKDDQ GDQ NHSHQWLQJDQ QRQSHQJHQGDOL .13PHVNLSXQ KDO WHUVHEXW PHQJDNLEDWNDQ.13PHPLOLNLVDOGRGHILVLW
3URILW RU ORVV DQG HDFK FRPSRQHQW RI RWKHU FRPSUHKHQVLYH LQFRPH DUH DWWULEXWHG WR WKH RZQHUV RI WKH &RPSDQ\ DQG WR WKH QRQFRQWUROLQJ LQWHUHVW 1&, HYHQ LI WKLV UHVXOWVLQWKH1&,KDYLQJDGHILFLWEDODQFH
.13 GLVDMLNDQ GDODP ODSRUDQ ODED UXJL GDQ SHQJKDVLODQNRPSUHKHQVLIODLQNRQVROLGDVLDQ GDQ GDODP HNXLWDV SDGD ODSRUDQ SRVLVL NHXDQJDQNRQVROLGDVLDQWHUSLVDKGDULEDJLDQ
\DQJ GDSDW GLDWULEXVLNDQ NHSDGD SHPLOLN 3HUXVDKDDQ
1&, LV SUHVHQWHG LQ WKH FRQVROLGDWHG VWDWHPHQW RI SURILW RU ORVV DQG RWKHU FRPSUHKHQVLYHLQFRPHDQGXQGHUWKHHTXLW\
VHFWLRQ RI WKH FRQVROLGDWHG VWDWHPHQW RI ILQDQFLDO SRVLWLRQ UHVSHFWLYHO\ VHSDUDWHO\
IURPWKHFRUUHVSRQGLQJSRUWLRQDWWULEXWDEOHWR RZQHUVRIWKH&RPSDQ\
7UDQVDNVL GHQJDQ .13 \DQJ WLGDN PHQJDNLEDWNDQ KLODQJQ\D SHQJHQGDOLDQ GLFDWDW VHEDJDL WUDQVDNVL HNXLWDV 6HOLVLK DQWDUD QLODL ZDMDU LPEDODQ \DQJ GLDOLKNDQ GHQJDQ EDJLDQ UHODWLI DWDVQLODL WHUFDWDW DVHW EHUVLKHQWLWDVDQDN\DQJGLDNXLVLVLGLFDWDWGL HNXLWDV .HXQWXQJDQ DWDX NHUXJLDQ GDUL SHOHSDVDQ.13MXJDGLFDWDWGLHNXLWDV
7UDQVDFWLRQV ZLWK 1&, WKDW GR QRW UHVXOW LQ ORVV RI FRQWURO DUH DFFRXQWHG IRU DV HTXLW\
WUDQVDFWLRQV 7KH GLIIHUHQFH EHWZHHQ WKH IDLU YDOXH RI DQ\ FRQVLGHUDWLRQ SDLG DQG WKH UHOHYDQW VKDUH DFTXLUHG RI WKH FDUU\LQJ YDOXH RI QHW DVVHWV RI WKH VXEVLGLDU\ LV UHFRUGHG LQ HTXLW\ *DLQV RU ORVVHV RQ GLVSRVDOVWR1&,DUHDOVRUHFRUGHGLQHTXLW\
F 3HQMDEDUDQ0DWD8DQJ$VLQJ F )RUHLJQ&XUUHQF\7UDQVODWLRQ
Mata Uang Fungsional dan Pelaporan Functional and Reporting Currencies
$NXQDNXQ \DQJ WHUFDNXS GDODP ODSRUDQ NHXDQJDQ VHWLDS HQWLWDV GDODP *UXS GLXNXU PHQJJXQDNDQ PDWD XDQJ GDUL OLQJNXQJDQ HNRQRPL XWDPD GLPDQD HQWLWDV EHURSHUDVL PDWDXDQJIXQJVLRQDO
,WHPVLQFOXGHGLQWKHILQDQFLDOVWDWHPHQWVRI HDFK RI WKH *URXS¶V FRPSDQLHV DUH PHDVXUHG XVLQJ WKH FXUUHQF\ RI WKH SULPDU\
HFRQRPLF HQYLURQPHQW LQ ZKLFK WKH HQWLW\
RSHUDWHVWKHIXQFWLRQDOFXUUHQF\
/DSRUDQ NHXDQJDQ NRQVROLGDVLDQ GLVDMLNDQ GDODP 5XSLDK \DQJ PHUXSDNDQ PDWD XDQJ IXQJVLRQDO 3HUXVDKDDQ GDQ PDWD XDQJ SHQ\DMLDQ*UXS
7KH FRQVROLGDWHG ILQDQFLDO VWDWHPHQWV DUH SUHVHQWHGLQ5XSLDKZKLFKLVWKH&RPSDQ\¶V IXQFWLRQDO DQG WKH *URXS¶V SUHVHQWDWLRQ FXUUHQF\
Transaksi dan Saldo Transactions and Balances
7UDQVDNVLGDODPPDWDXDQJDVLQJGLMDEDUNDQ NHGDODP PDWD XDQJ IXQJVLRQDO PHQJJXQDNDQ NXUV SDGD WDQJJDO WUDQVDNVL .HXQWXQJDQ DWDX NHUXJLDQ VHOLVLK NXUV \DQJ WLPEXO GDUL SHQ\HOHVDLDQ WUDQVDNVL GDQ GDUL SHQMDEDUDQ SDGD NXUV DNKLU WDKXQ DWDV DVHW GDQ OLDELOLWDV PRQHWHU GDODP PDWD XDQJ DVLQJGLDNXLGDODPODEDUXJL
)RUHLJQFXUUHQF\WUDQVDFWLRQVDUHWUDQVODWHG LQWR WKH IXQFWLRQDO FXUUHQF\ XVLQJ WKH H[FKDQJHUDWHVSUHYDLOLQJDWWKHGDWHVRIWKH WUDQVDFWLRQV )RUHLJQ H[FKDQJH JDLQV DQG ORVVHV UHVXOWLQJ IURP WKH VHWWOHPHQW RI VXFK WUDQVDFWLRQVDQGIURPWKHWUDQVODWLRQDW\HDU HQGH[FKDQJHUDWHVRIPRQHWDU\DVVHWVDQG OLDELOLWLHV GHQRPLQDWHG LQ IRUHLJQ FXUUHQFLHV DUHUHFRJQL]HGLQSURILWRUORVV
8QWXN7DKXQWDKXQ\DQJEHUDNKLU 'HVHPEHUGDQ
$QJNDDQJND'LVDMLNDQGDODP5XSLDKNHFXDOL 'LQ\DWDNDQ/DLQ
)RUWKH<HDUV(QGHG 'HFHPEHUDQG )LJXUHVDUH3UHVHQWHGLQ5XSLDK XQOHVV2WKHUZLVH6WDWHG
3DGDWDQJJDO'HVHPEHUGDQ NXUV NRQYHUVL \DNQL NXUV WHQJDK %DQN ,QGRQHVLD \DQJ GLJXQDNDQ ROHK *UXS DGDODKVHEDJDLEHULNXW
$V RI 'HFHPEHU DQG WKH FRQYHUVLRQ UDWHV XVHG E\ WKH *URXS ZHUH WKH PLGGOH UDWHV RI %DQN ,QGRQHVLD DV IROORZV
(XUR(85 (XUR(85
'RODU$PHULND6HULNDW86' 8QLWHG6WDWHV'ROODU86' 'RODU6LQJDSXUD6*' 6LQJDSRUH'ROODU6*'
<XDQ&KLQD&1< &KLQHVH<XDQ&1<
3HVR)LOLSLQD3+3 3KLOLSSLQH3HVR3+3
<HQ-HSDQJ-3< -DSDQHVH<HQ-3<
Kelompok usaha Grup Group’s Companies
+DVLO XVDKD GDQ SRVLVL NHXDQJDQ GDUL NHORPSRN XVDKD *UXS \DQJ PHPLOLNL PDWD XDQJIXQJVLRQDO\DQJEHUEHGDGHQJDQPDWD XDQJSHODSRUDQGLMDEDUNDQSDGDPDWDXDQJ SHODSRUDQVHEDJDLEHULNXW
7KH UHVXOWV DQG ILQDQFLDO SRVLWLRQ RI DOO WKH
*URXS¶V FRPSDQLHV WKDW KDYH D IXQFWLRQDO FXUUHQF\ GLIIHUHQW IURP WKH UHSRUWLQJ FXUUHQF\ DUH WUDQVODWHG LQWR WKH UHSRUWLQJ FXUUHQF\DVIROORZV
D DVHW GDQ OLDELOLWDV GDUL VHWLDS ODSRUDQ SRVLVL NHXDQJDQ \DQJ GLVDMLNDQ GLMDEDUNDQ SDGD NXUV SHQXWXS SDGD WDQJJDOODSRUDQSRVLVLNHXDQJDQ
D DVVHWVDQGOLDELOLWLHVIRUHDFKVWDWHPHQW RI ILQDQFLDO SRVLWLRQ SUHVHQWHG DUH WUDQVODWHGDWWKHFORVLQJUDWHDWWKHGDWH RIWKDWVWDWHPHQWRIILQDQFLDOSRVLWLRQ
E SHQJKDVLODQ GDQ EHEDQ XQWXN VHWLDS ODSRUDQ ODED UXJL GLMDEDUNDQ PHQJJXQDNDQNXUVUDWDUDWDGDQ
E LQFRPH DQG H[SHQVHV IRU HDFK VWDWHPHQW RI SURILW DQG ORVV DUH WUDQVODWHG DW DYHUDJH H[FKDQJH UDWHV DQG
F VHOXUXK VHOLVLK NXUV \DQJ WLPEXO GLDNXL GDODPNRPSRQHQHNXLWDV\DQJWHUSLVDK
F DOO UHVXOWLQJ H[FKDQJH GLIIHUHQFHV DUH UHFRJQL]HGDVDVHSDUDWHFRPSRQHQWRI HTXLW\
G 7UDQVDNVL3LKDN%HUHODVL G 7UDQVDFWLRQVZLWK5HODWHG3DUWLHV
2UDQJ DWDX HQWLWDV GLNDWHJRULNDQ VHEDJDL SLKDN EHUHODVL *UXS DSDELOD PHPHQXKL GHILQLVL SLKDN EHUHODVL EHUGDVDUNDQ 36$. 1R ³3HQJXQJNDSDQ 3LKDNSLKDN
%HUHODVL´
$ SHUVRQ RU HQWLW\ LV FRQVLGHUHG D UHODWHG SDUW\RIWKH*URXSLILWPHHWVWKHGHILQLWLRQRI D UHODWHG SDUW\ LQ 36$. 1R ³5HODWHG 3DUW\'LVFORVXUHV´
6HPXD WUDQVDNVL VLJQLILNDQ GHQJDQ SLKDN EHUHODVL WHODK GLXQJNDSNDQ GDODP ODSRUDQ NHXDQJDQNRQVROLGDVLDQ
$OO VLJQLILFDQW WUDQVDFWLRQV ZLWK UHODWHG SDUWLHV DUH GLVFORVHG LQ WKH FRQVROLGDWHG ILQDQFLDOVWDWHPHQWV
H .DVGDQ6HWDUD.DV H &DVKDQG&DVK(TXLYDOHQWV
.DV WHUGLUL GDUL NDV GDQ EDQN 6HWDUD NDV DGDODKVHPXDLQYHVWDVL\DQJEHUVLIDWMDQJND SHQGHNGDQVDQJDWOLNXLG\DQJGDSDWVHJHUD GLNRQYHUVLNDQ PHQMDGL NDV GHQJDQ MDWXK WHPSR GDODP ZDNWX WLJD EXODQ DWDX NXUDQJ VHMDN WDQJJDO SHQHPSDWDQQ\D GDQ
\DQJ WLGDN GLMDPLQNDQ VHUWD WLGDN GLEDWDVL SHQFDLUDQQ\D
&DVKFRQVLVWVRIFDVKRQKDQGDQGLQEDQNV
&DVK HTXLYDOHQWV DUH VKRUWWHUP KLJKO\
OLTXLGLQYHVWPHQWVWKDWDUHUHDGLO\FRQYHUWLEOH WR NQRZQ DPRXQWV RI FDVK ZLWK RULJLQDO PDWXULWLHV RI WKUHH PRQWKV RU OHVV IURP WKH GDWH RI SODFHPHQWV DQG ZKLFK DUH QRW XVHGDVFROODWHUDODQGDUHQRWUHVWULFWHG