Daftar. Table of Contents. Visi Misi Vision Mision. Nilai-nilai Perseroan Company Values. Strategi Perseroan Company Strategy

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3 Daftar Isi Table of Contents 02 Visi Misi Vision Mision 20 Nilai-nilai Perseroan Company Values 03 Strategi Perseroan Company Strategy 21 Struktur Organisasi Organization Structure 04 Jejak Langkah Milestones 22 Laporan Dewan Komisaris Board of Commissioners Report 04 Peristiwa Penting 2013 Significant Events Profil Dewan Komisaris Board of Commissioners Profile 05 Penghargaan Awards 30 Laporan Direksi Board of Directors Report 06 Sekilas GEMS GEMS at a Glance 36 Analisis Manajemen Management Analysis 07 Profil Perseroan Company Profile 48 Profil Direksi Board of Directors Profile 08 Struktur Perseroan Company Structure 52 Komite Audit Audit Committee 10 Lokasi Pertambangan Mining Locations 53 Manajemen Eksekutif The Executive Management 11 Produk Batubara Coal Products 54 Tata Kelola Perusahaan Corporate Governance Pangsa Pasar Perseroan Company Market Share Ikhtisar Keuangan Financial Highlights Ikhtisar Saham Stock Highlights Pengembangan Sumber Daya Manusia Human Resources Development Kesehatan, Keselamatan Kerja & Lingkungan Hidup Health, Safety & Environment Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Pernyataan Pertanggungjawaban Statement of Responsibility Laporan Keuangan Financial Statement

4 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 02 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Visi Vision Menjadi perusahaan pertambangan terkemuka di Indonesia dengan menciptakan nilai tambah bagi para pelanggan dan pemangku kepentingan. To be the leading mining company in Indonesia by creating added value to customers & stakeholders. Misi Mision 1. Membangun budaya korporat yang berpusat pada sumber daya manusia. 2. Fokus kepada keunggulan kegiatan operasional. 3. Membangun pertumbuhan berkesinambungan melalui standar keselamatan kerja yang tinggi, pengembangan program kemasyarakatan yang baik dan pengelolaan lingkungan hidup yang tangguh. 1. Develop the best corporate culture centered on human capital. 2. Focus on excellence in operations. 3. Build sustainable growth through high safety standards, good community program development, and strong environmental management.

5 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 03 Strategi Perseroan Company Strategy Perseroan dan Anak Perusahaan terus berusaha untuk meningkatkan kinerja dan mencapai pertumbuhan jangka panjang yang berkesinambungan. Untuk mencapai tujuan ini, Perseroan dan Anak Perusahaan menetapkan strategi usaha utama yang mencakup: 1. Peningkatan kualitas sumber daya manusia 2. Peningkatan produksi batubara 3. Peningkatan efisiensi biaya penambangan 4. Pembinaan dan peningkatan hubungan dengan pelanggan 5. Peningkatan kapabilitas perdagangan dan pemasaran batubara 6. Perluasan jaringan distribusi pasar 7. Peningkatan jumlah sumber daya dan cadangan batubara 8. Operasional berkelanjutan melalui pemeliharaan lingkungan 9. Pengembangan hubungan baik dengan komunitas lokal The Company and its Subsidiaries strive to improve work performance and achieve long term sustainable growth. To achieve the goal, the Company and its Subsidiaries provide primary business strategies which include: 1. Improve the quality of Human Resources 2. Increase production of coal 3. Increase efficiency of mining cost 4. Increase the improvement of customer relationships 5. Improve trading and marketing capability 6. Expansion of the market distribution network 7. Increase the amount of coal resources and reserves 8. Sustainable operation through environmental management 9. Develops good relation with local communities

6 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 04 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Jejak Langkah Milestones Maret March 13 Perseroan didirikan dengan nama PT Bumi Kencana Eka Sakti. The Company was established under the name PT Bumi Kencana Eka Sakti. Perseroan mengakuisisi PKP2B yang terletak di Kalimantan Selatan, yakni PT Borneo Indobara melalui Anak Perusahaan PT Roundhill Capital Indonesia. The Company acquired CCOW located in South Kalimantan, i.e PT Borneo Indobara through a Subsidiary Company PT Roundhill Capital Indonesia. Perseroan meningkatkan pembangunan infrastruktur untuk mendukung kegiatan operasional pertambangan di PT Borneo Indobara. Infrastruktur yang dibangun meliputi pembangunan jalan, jembatan, pelabuhan Bunati, serta pembangunan mess dan kantor perwakilan di Kalimantan Selatan. The Company increased infrastructure developments to support mining operational activities at PT Borneo Indobara. The infrastructures being developed covered roads, bridges, Bunati port, and the building of employee dormitories and a representative office in South Kalimantan. Perseroan diakuisisi oleh PT Dian Swastatika Sentosa Tbk. The Company was acquired by PT Dian Swastatika Sentosa Tbk. Peristiwa Penting 2013 Significant Events Mei 2013 May 3, 2013 RUPST Perseroan diselenggarakan di Sinar Mas Land Plaza (dahulu Plaza BII) Menara II, Lantai 39, Ruang Paseo, Jln. MH Thamrin No. 51, Jakarta Pusat. The Company AGMS was conducted at Sinar Mas Land Plaza (formerly known as Plaza BII) th Tower II, 39 floor, Paseo Room, Jln. MH Thamrin No. 51, Central of Jakarta. 19 Agustus 2013 August 19, 2013 Pendirian anak perusahaan baru yang bergerak di bidang usaha perdagangan PT Bumi Anugerah Semesta. Establishment of a subsidiary engaging in trade business PT Bumi Anugerah Semesta. 5 Desember 2013 December 5, 2013 Public Expose 2013 diselenggarakan di Sinar Mas Land Plaza (dahulu Plaza BII) Menara III, Lantai Basement 1, Ruang Narwastu, Jln. MH Thamrin No. 51, Jakarta Pusat. Public Expose 2013 was conducted at Sinar Mas Land Plaza (formerly known as Plaza BII) th Tower III, 1 Lower Ground, Narwastu Room, Jln. MH Thamrin No. 51, Central of Jakarta.

7 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk Perseroan memperbesar kegiatan usaha utama di pertambangan dengan mengakuisisi beberapa wilayah penambangan baru yang terletak di Sumatera dan Kalimantan. The Company expanded its core business activities in mining by acquiring several new mining areas located in Sumatera and Kalimantan. 16 November November 16 Nama Perseroan diubah menjadi PT Golden Energy Mines Tbk. The Company s name was changed to PT Golden Energy Mines Tbk. 17 November November 17 Pencatatan Saham Perdana Perseroan di PT Bursa Efek Indonesia. Initial Stock Listing on PT Bursa Efek Indonesia. 13 Juli July 13 Pendirian Anak Perusahaan Perseroan, GEMS Coal Resources Pte. Ltd yang berkedudukan di Singapura. The establishment of the Company s subsidiary, i.e. GEMS Coal Resources Pte. Ltd, based in Singapore. 12 Oktober October 12 Peresmian kantor baru Perseroan di Sinar Mas Land Plaza (dahulu Plaza BII), Tower II, lantai 6, Jln. MH Thamrin no. 51, Jakarta Pusat Inauguration of the Company s new office at Sinar Mas Land Plaza (formerly known as th Plaza BII), Tower II, 6 Floor, Jln. MH Thamrin No. 51 Central of Jakarta. Penghargaan Awards Perseroan berhasil menjaga sustainability Perusahaan sehingga dinobatkan menjadi 100 Top Emiten 2013 versi Majalah Investor edisi Mei Company succeeded in maintaining Corporate sustainability so that it is crowned as Top 100 Issuers 2013 according to Investor Magazine May 2013 edition.

8 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 06 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Sekilas GEMS GEMS at a Glance PT Golden Energy Mines Tbk bergerak di bidang perdagangan hasil tambang dan jasa pertambangan. Pada tanggal 13 Maret 1997 Perseroan didirikan dengan nama PT Bumi Kencana Eka Sakti yang kemudian berubah nama menjadi PT Golden Energy Mines Tbk pada tanggal 16 November PT Golden Energy Mines Tbk is engaged in the business of trading sector of mining products and mining services. On March 13, 1997 the Company was established under the name of PT Bumi Kencana Eka Sakti which was later changed to PT Golden Energy Mines Tbk on November 16, Pada tanggal 17 November 2011, Perseroan menjadi perusahaan publik dan tercatat di papan utama Bursa Efek Indonesia. Melalui Penawaran Umum Saham Perdana (IPO) tersebut, Perseroan memperoleh dana sebesar Rp 2,205 triliun. Dalam IPO tersebut, GMR Coal Resources Pte. Ltd. (sebelumnya bernama GMR Infrastructure Investments (Singapore) Pte. Ltd.) ( GMR ), yang merupakan anak perusahaan GMR Group, sebuah kelompok usaha infrastruktur terkemuka di India menjadi investor strategis Perseroan dengan memegang/memiliki 30% (tiga puluh persen) saham dari seluruh modal yang disetor dan ditempatkan oleh Perseroan. Perseroan dan GMR sebelumnya telah menandatangani Perjanjian Jual Beli Batubara pada tanggal 11 Agustus 2011 untuk jangka waktu 25 (dua puluh lima) tahun sejak pengiriman batubara pertama kali. Perjanjian Jual Beli Batubara tersebut juga didukung dengan Perjanjian Penunjang Jual Beli Batubara antara Anak Perusahaan Perseroan dengan Perseroan dan GMR yang mengatur dukungan ketersediaan batubara dari Anak Perusahaan Perseroan kepada Perseroan dan GMR serta Perjanjian Jasa Manajemen dan Teknikal dimana GMR memberikan jasa manajemen dan teknikal kepada Perseroan dan/atau Anak Perusahaan Perseroan. Pada tanggal 13 Juli 2012, Perseroan mendirikan Anak Perusahaan dengan kepemilikan 100% yang berbasis di Singapura, dengan nama GEMS Coal Resources Pte. Ltd. yang kemudian berubah nama menjadi GEMS Trading Resources Pte. Ltd. (GEMSTR) pada tanggal 27 Januari GEMSTR adalah perusahaan yang bergerak dalam bidang perdagangan yang akan mendukung kegiatan usaha utama Perseroan di luar negeri. On November 17, 2011, the Company became a public company and was listed on the main board of Indonesia Stock Exchange (Bursa Efek Indonesia). Through the Initial Public Offering, the Company was able to collect funds amounting to Rp2,205 trillion. In that IPO, GMR Coal Resources Pte. Ltd. (previously named GMR Infrastructure Investments (Singapore) Pte. Ltd.) ( GMR ), which is a subsidiary of GMR Group, a leading infrastructure business group in India which became the Company strategic investor by holding/having 30% (thirty percent) shares from the total issued and paid-up capital by Company. Company and GMR, prior to the IPO, had signed a Coal Sales Agreement dated August 11, 2011 for a term of 25 (twenty five) years since the first coal shipment. The Coal Sales Agreement was also supported by a Coal Sales Support Agreement between Company Subsidiaries with Company and GMR which arranged the support of coal availability from the Subsidiaries to Company and GMR and also Management and Technical Service Agreement where GMR should provide management and technical service to Company and/or Company s Subsidiaries. On July 13, 2012 the Company established a Subsidiary with 100% ownership based in Singapore under the name of GEMS Coal Resources Pte. Ltd. which then changed to GEMS Trading Resources Pte. Ltd. (GEMSTR) on January 27, GEMSTR is a Company engaging in the trading sector which will support Company s main business overseas.

9 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 07 Profil Perseroan Company Profile Nama Perseroan Name of Company Tanggal Berdiri Date of Establishment Berkedudukan di Incorporated in Tanggal Pencatatan Di Bursa Listing Date Kode Saham Shares Code Bidang Usaha Lines of Business Alamat Address Nomor Telepon Phone Number Faksimili Facsimile Laman Website Modal Dasar Authorized Capital Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid Capital Jumlah Saham Tercatat Di Bursa Number of Shares Listed Nilai Nominal per Saham Nominal Value per Share Akuntan Publik* Public Accountant Biro Administrasi Efek** Share Administration Bureau PT Golden Energy Mines Tbk 13 Maret 1997 March 13, 1997 Jakarta Pusat - Indonesia Central Jakarta, DKI, Indonesia 17 November 2011 November 17, 2011 GEMS Bergerak di bidang pertambangan melalui Anak Perusahaan dan perdagangan batubara Engaged in mining, through subsidiaries, and coal trading th Sinar Mas Land Plaza Tower II 6 floor Jl. MH Thamrin No. 51 Jakarta Indonesia (021) (021) corsec@goldenenergymines.com Rp 2,000,000,000,000 Rp 588,235,300, lembar saham 5,882,353,000 shares Rp. 100 per saham Rp. 100 per share Purwantono, Suherman & Surja, anggota Ernst & Young th Gedung Bursa Efek Indonesia Tower II, 7 floor Jln. Jendral Sudirman Kav , Jakarta 12190, Indonesia Telepon : (021) , Fax: (021) Website : PT Sinartama Gunita th Sinar Mas Land Plaza Tower III, 9 floor Jl. MH Thamrin No. 51, Jakarta Indonesia Telepon : (021) , Fax : (021) * Akuntan Publik Perseroan memberikan jasa audit Laporan Keuangan Perseroan dan Anak Perusahaan untuk tahun buku 2013 dengan biaya sebesar Rp ** Perseroan membayar Fee kepada Biro Administrasi Efek, yaitu PT Sinartama Gunita ("BAE") untuk Pemeliharaan Data Saham tahunan serta biaya pembagian dividen Tunai dan Interim dengan total biaya sebesar Rp (termasuk ppn 10%) * The Company s Public Accountant provides auditing services of the Company and its subsidiaries Financial Report for the fiscal year 2013 at a fee of Rp ** Company paid Fee to Share Administration Bureau ( BAE ), i.e. PT Sinartama Gunita for annual Stock Data Maintenance and cost of Cash and Interim dividend distribution in the amount of Rp.83,000,000 (eighty three million rupiah ) including 10% VAT

10 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 08 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Struktur Perseroan Company Structure GEMS 99,999% 100,000% 99,998% 70,000% 99,016% BAS GEMS TR KIM TKS RCI 0,001% 99,173% 99,992% 99,800% 99,600% 99,981% 99,070% TBBU KCP BBU BHBA BNP BIB 0,002% 0,008% 0,200% 0,400% 0,019% 0,825% Anak Perusahaan yang mayoritas sahamnya dimiliki GEMS: Subsidiaries which majority shares are owned by GEMS: RCI BIB TKS KIM GEMS TR BAS : PT Roundhill Capital Indonesia : PT Borneo Indobara : PT Trisula Kencana Sakti : PT Kuansing Inti Makmur : GEMS Trading Resources Pte. Ltd : PT Bumi Anugerah Semesta TBBU KCP BBU BHBA BNP : PT Tanjung Belit Bara Utama : PT Karya Cemerlang Persada : PT Bungo Bara Utama : PT Bara Harmonis Batang Asam : PT Berkat Nusantara Permai

11 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 09 PEMILIKAN LANGSUNG / Direct Ownership ENTITAS ANAK Subsidiaries ALAMAT Address JENIS USAHA Nature of Business KEPEMILIKAN 2013 (%) Ownership 2013 (%) TAHUN OPERASI KOMERSIAL Start of Commercial Operations PT Roundhill Capital Indonesia th Sinar Mas Land Plaza, Tower II, 7 floor Jl. MH Thamrin No. 51, Central Jakarta Penyertaan Saham Holding 99,016% - PT Kuansing Inti Makmur Desa Tanjung Belit, Tanjung Belit - Jujuhan, Muara Bungo, Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,998% 2005 PT Trisula Kencana Sakti Jl. Padat Karya No. 7, RT 19 RW 06, Lanjas-Teweh Tengah, Barito Utara, Kalimantan Tengah Pertambangan Batubara Coal Mining 70% 2008 GEMS Trading Resources Pte. Ltd. 1 Raffles Place #28-02, One Raffles Place, Singapore Perdagangan Besar Trading 100% 2012 PT Bumi Anugerah Semesta th Sinar Mas Land Plaza, Tower II, 6 floor Jln. MH Thamrin No. 51, Central Jakarta Perdagangan Besar Trading 99,999% - PEMILIKAN TIDAK LANGSUNG / Indirect Ownership ENTITAS ANAK Subsidiaries ALAMAT Address JENIS USAHA Nature of Business KEPEMILIKAN 2013 (%) Ownership 2013 (%) TAHUN OPERASI KOMERSIAL Start of Commercial Operations PT Borneo Indobara (melalui/ through RCI) th Sinar Mas Land Plaza, Tower II, 7 floor Jl. MH Thamrin No. 51 Central Jakarta Pertambangan Batubara Coal Mining 99,070% 2005 PT Karya Cemerlang Persada (melalui/ through KIM) Desa Tanjung Belit, Tanjung Belit - Jujuhan Muara Bungo, Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,992% 2011 PT Bungo Bara Utama (melalui/ through KIM) Jl. Rangkayo Hitam RT/RW : 014/005, Muara Bungo Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,800% - PT Bara Harmonis Batang Asam (melalui/ through KIM) Desa Ujung Tanjung-Jujuhan, Muara Bungo, Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,600% 2010 PT Berkat Nusantara Permai (melalui/ through KIM) Desa Tanjung Belit, Tanjung Belit-Jujuhan, Muara Bungo Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,981% - PT Tanjung Belit Bara Utama (melalui/ through KIM) Jl. Rangkayo Hitam RT/RW : 014/005, Muara Bungo Kabupaten Bungo, Jambi Pertambangan Batubara Coal Mining 99,173% -

12 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 10 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Lokasi Pertambangan Mining Locations Lokasi pertambangan milik Anak-anak Perusahaan Perseroan yaitu BIB, KIM dan Anak Perusahaannya ( KIM Blok ) serta TKS seluruhnya berada di wilayah Indonesia yang tersebar di Kalimantan Selatan, Jambi dan Kalimantan Tengah. The mining locations belonging to the Company's subsidiaries, namely, BIB, KIM and its subsidiary ( KIM Block ), along with TKS, are located within the Republic of Indonesia, in territories spread throughout South Kalimantan, Jambi and Central Kalimantan. KIM BLOK TKS BIB Jambi/ Jambi Kalimantan Tengah / Central Kalimantan Kalimantan Selatan / South Kalimantan Perijinan / Permit Luas / Size Lokasi / Location : IUP ( ) : ha : Kabupaten Bungo, Jambi Bungo Regency, Jambi Perijinan / Permit Luas / Size Lokasi / Location : IUP ( ) : ha : Kabupaten Barito Utara dan Barito Timur, Kalimantan Tengah North Barito and East Barito Regencies, Central Kalimantan Perijinan / Permit Luas / Size Lokasi / Location : PKP2B ( ) : ha : Kabupaten Tanah Bumbu, Kalimantan Selatan Tanah Bumbu Regency, South Kalimantan Luas area proyek pertambangan dari semua Anak Perusahaan seluas hektar. The total mining area of all Company Subsidiaries is calculated at 38,165 hectares.

13 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 11 Produk Batubara Coal Products Perseroan memiliki beragam jenis produk batubara sesuai dengan kadar kualitas yang terkandung di dalamnya. The Company has various types of coal products based on the quality grade. COAL SPECIFICATION PROXIMATE ANALYSIS BIB 4000 BIB 4300 KIM 4700 TKS 5300 Calorific Value Calorific Value Total Moisture Moisture Ash Volatile Matter Fixed Carbon Total Sulphur HGI Size kcal/kg g % g % % % % % % As Received Air Dried As Received Air Dried Air Dried Air Dried Air Dried Air Dried Approximately Mm Pangsa Pasar Perseroan Company Market Share Keunggulan Perseroan adalah harga dari batubara yang diproduksi dan biaya kirim yang lebih murah bagi pelanggan Asia, dibandingkan dengan batubara yang berasal dari Afrika Selatan atau Australia. Hal tersebut disebabkan oleh lokasi pertambangan di Indonesia yang diuntungkan secara geografis. Pada tahun 2013, Perseroan memproduksi 5,35 juta ton diikuti dengan volume penjualan sebesar 8,37 juta ton. Perseroan menjual batubara untuk komsumsi domestik sebesar 39% dan sisanya 61% untuk konsumsi ekspor. Sebagian besar negara tujuan ekspor Perseroan adalah China, India, Thailand, Malaysia, dan Pakistan. The superiority of the Company is on the price of coal produced and the lower cost of shipment for customers from Asia compared to coal from South Africa or Australia. This is due to the locations of mining in Indonesia that has advantages geographically. In year 2013, Company produced 5.35 million tons which followed by a sales volume of 8.37 tons. Company has sold coals for domestic consumption by 39% and the rest of 61% for export consumption. Mostly, countries of Company s export destination are China, India, Thailand, Malaysia, and Pakistan. PENJUALAN BATUBARA PERSEROAN Company Coal Sales 39% 61% Domestik Domestic Ekspor Export

14 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 12 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Ikhtisar Keuangan Financial Highlights dalam miliar Rp, kecuali dinyatakan lain LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN in billion Rp, except otherwise stated CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Penjualan bersih Net Sales Laba bruto Gross Profit Laba usaha Income from operations Laba bersih Net income Laba bersih pemilik entitas induk Net income owners of the parent Laba bersih kepentingan nonpengendali Net income non-controlling interests Jumlah laba komprehensif pemilik entitas induk Total comprehensive income owners of the parent Jumlah laba komprehensif kepentingan Total comprehensive income non- nonpengendali controlling interests Jumlah saham beredar dalam lembar Issued shares in shares Jumlah rata-rata tertimbang saham dalam Weighted average number of shares in lembar shares Laba neto per saham dasar Rp Basic earnings per share in Rp 28,75 30,22 61,53 dalam miliar Rp in billion Rp LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION Aset lancar Current assets Aset tidak lancar Noncurrent assets Jumlah aset Total assets Liabilitas jangka pendek Current liabilities Liabilitas jangka panjang Noncurrent liabilities Jumlah liabilitas Total liabilities Jumlah ekuitas Total equity Jumlah ekuitas pemilik entitas induk Total equity owners of the parent Modal kerja bersih Net working capital Jumlah investasi Total investment RASIO KEUANGAN FINANCIAL RATIO Rasio laba terhadap aset Return on assets 4,20% 5,17% 9,44% Rasio laba terhadap ekuitas Return on equity 5,71% 6,14% 11,06% Rasio laba terhadap pendapatan Net income to net sales ratio 3,82% 4,49% 10,98% Rasio lancar (x) Current ratio (x) 1,83 3,55 5,42 Rasio utang terhadap ekuitas (x) Debt to equity ratio (x) 0,02-0,01 Rasio utang terhadap aset (x) Debt to assets ratio (x) 0,01-0,01

15 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 13 Ikhtisar Saham Stock Highlights Kronologis Pencatatan Saham Pada tanggal 17 November 2011, saham Perseroan tercatat dan diperdagangkan di PT Bursa Efek Indonesia dengan kode saham GEMS. Perseroan mencatatkan lembar saham dengan harga saham Perseroan pada saat IPO sebesar Rp per saham. Selama tahun 2013, harga saham Perseroan sempat menyentuh angka tertinggi pada harga saham Rp per lembar saham dengan nilai kapitalisasi sebesar Rp Chronology of Listed Shares On November 17, 2011, the Company s shares were listed and traded on the Indonesia Stock Exchange, under the business identifier code GEMS. The Company recorded 5,882,353,000 shares at a price following the Company s IPO at Rp. 2,500 per share. During 2013, the Company s share price touched its highest rate, at a price of Rp. 2,450 per share with a market capitalization of Rp

16 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 14 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Harga dan Volume Transaksi Saham Per Triwulan di Bursa Efek Indonesia (Rupiah) Quarterly Stock and Transaction Volume at The Indonesia Stock Exchange (Rupiah) PERIODE Period TERTINGGI Highest (Rp) TERENDAH Lowest (Rp) PENUTUPAN Closing (Rp) VOLUME (JUMLAH SAHAM) Volume (No of Shares) 2011 Kuartal Keempat / Fourth Quarter 2,950 2,500 2,725 4,517, Kuartal Pertama / First Quarter 3,150 2,550 2,850 79,000 Kuartal Kedua / Second Quarter 3,025 2,450 2, ,500 Kuartal Ketiga / Third Quarter 2,900 2,000 2,500 - Kuartal Keempat / Fourth Quarter 2013 Kuartal Pertama / First Quarter 2,575 2,450 2,050 2,000 2,375 2, Kuartal Kedua / Second Quarter 2,450 2,000 2,350 - Kuartal Ketiga / Third Quarter 2,350 2,000 2,200 - Kuartal Keempat / Fourth Quarter 2,250 1,700 2,175 15,000 Rp KINERJA SAHAM PERSEROAN / Stock Highlights Jumlah Saham Number of Shares 3,300 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 2,950 2,725 2,500 2,950 3,150 2,850 2,550 79,000 3,025 2,625 2, ,500 2,900 2,575 2,500 2,450 2,450 2,350 2,250 2,450 2,375 2,350 2,000 2,000 2,200 2,175 2,050 2,000 2,000 1, ,000 27,000,000 24,000,000 21,000,000 18,000,000 15,000,000 12,000,000 9,000,000 6,000,000 3,000,000 - Kuartal Keempat Fourth Quarter 2011 Kuartal Pertama First Quarter 2012 Kuartal Kedua Second Quarter 2012 Kuartal Ketiga Third Quarter 2012 Kuartal Keempat Fourth Quarter 2012 Kuartal Pertama First Quarter 2013 Kuartal Kedua Second Quarter 2013 Kuartal Ketiga Third Quarter 2013 Kuartal Keempat Fourth Quarter 2013 TERTINGGI Highest (Rp) TERENDAH Lowest (Rp) PENUTUPAN Closing (Rp) VOLUME (JUMLAH SAHAM) Volume (No of Shares) (Rp) INDEKS PERTAMBANGAN Mining Index PT Dian Swastatika Sentosa Tbk ( lembar saham/ shares) STRUKTUR PEMEGANG SAHAM Shareholders Structure 66,998% 30% PT Sinar Mas Cakrawala ( lembar saham/ shares) GMR Coal Resources Pte. Ltd ( lembar saham/ shares) Masyarakat / Public ( lembar saham/ shares) 0,002% 3% * Direktur Perseroan, Bapak Mochtar Suhadi memiliki 1500 lembar saham Perseroan * Direktur Tidak Terafiliasi Perseroan, Bapak Indradjaja Lazuardi memiliki 500 lembar saham Perseroan * The Director of the Company, Mr. Mochtar Suhadi owns 1500 Company s shares * Unaffiliated Director of the Company Mr. Indradjaja Lazuardi owns 500 Company s shares

17 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 15 Dividen Perseroan telah beberapa kali membagikan dividen tunai kepada para pemegang saham sejak Perseroan tercatat di PT Bursa Efek Indonesia pada 17 November 2011, dengan rincian sebagai berikut : Dividend The Company has paid cash dividends to shareholders several times since the Company was listed in the Indonesia Stock Exchange on November 17, 2011, detailed as follows: PERIODE Period DIVIDEN FINAL 2011 Final Dividend 2011 DIVIDEN INTERIM 2012 Interim Dividend 2012 DIVIDEN FINAL 2012 Final Dividend 2012 Tanggal pelaksanaan pembagian dividen Date of dividend distribution Nominal per lembar saham Dividend per share Harga saham sebelum pembagian dividen Stock price before the distribution of dividends Harga Saham setelah pembagian dividen Stock price after dividend distribution 8 Agustus 2012 August 8, 2012 Rp 5,75.- 2,800 2, Desember 2012 December 20, 2012 Rp 17,5.- 2,375 2, Juni 2013 June 18, 2013 Rp 31,5.- 2,375 2,350 PEMEGANG SAHAM UTAMA PERSEROAN Ultimate Shareholders PT SINAR MAS* TEGUH GANDA WIJAYA INDRA WIDJAJA MUKTAR WIDJAJA FRANKY OESMAN WIDJAJA 90,84% 2,29% 2,29% 2,29% 2,29% PT SINAR MAS TUNGGAL MASYARAKAT 59,899% 40,101% PT DIAN SWASTATIKA SENTOSA TBK 66,998% PT GOLDEN ENERGY MINES TBK Catatan / Notes : * PT Sinar Mas dikendalikan oleh keluarga Widjaja * PT Sinar Mas is controlled by the Widjaja family

18 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 16 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Pengembangan Sumber Daya Manusia Human Resources Development Perseroan fokus dalam memperkuat nilai-nilai dan budaya korporasi dalam menciptakan organisasi yang efektif yang didukung oleh sistem dan infrastruktur SDM yang sehat. Company focuses on strengthening corporate culture and values in creating an effective organization supported by a healthy HR infrastructure system. Perseroan menyadari pentingnya mewujudkan kualitas Sumber Daya Manusia (SDM) yang berperan aktif dalam mempertahankan keberlangsungan usaha Perseroan terutama di tengah lingkungan usaha yang semakin kompetitif. Perseroan meyakini bahwa karyawan merupakan mitra strategis dalam mencapai sukses bisnis Perseroan. Oleh Karena itu, Perseroan fokus dalam memperkuat nilai-nilai dan budaya korporasi dalam menciptakan organisasi yang efektif yang didukung oleh sistem dan infrastruktur SDM yang sehat. Peningkatan kompetensi setiap SDM merupakan aktivitas rutin yang telah dan akan terus dilakukan Perseroan. Peningkatan kualitas pengelolaan risiko dan kompetensi yang sesuai dengan budaya kinerja tinggi dan selaras dengan nilai-nilai utama Perseroan diyakini akan mendorong keberhasilan kinerja yang akan berdampak pada perkembangan usaha serta menciptakan level kinerja baru yang berkesinambungan jangka panjang. Dengan berlandaskan kebijakan SDM yang terencana dan berkesinambungan, Perseroan secara konsisten mengembangkan lingkungan kerja yang kondusif yang menjunjung nilai kebersamaan antar sesama karyawan. Dalam pelaksanaan yang efektif dari Company is aware of the importance in realizing a quality Human Resources (HR) that has an active role in maintaining Company s business continuity especially amidst the increasingly competitive business environment. Company believes that employees are its strategic partners in achieving Company s business success. Therefore, Company focuses on strengthening the corporate culture and values in creating an effective organization that is supported by a healthy HR system and infrastructure. Competency improvement of every HR is a routine activity that has been and will be implemented continuously by Company. Quality enhancement in managing risks and competence in accordance with the high performance culture and in harmony with the Company s core values is believed to be driving the success of performance that will have an impact to the business development and to create a new level of a long-term sustainable performance. Based on the planned and sustainable HR policies, Company consistently develops working environment that is conducive which honors the value of togetherness among fellow employees. In the effective implementation of the HR policy, Company also makes sure

19 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 17 kebijakan SDM tersebut, Perseroan juga memastikan bahwa karyawan melaksanakan tugas dan tanggung jawab mereka dengan cara terbaik dan paling efisien. Perseroan secara berkesinambungan melakukan pengkajian secara berkala dalam meningkatkan kesejahteraan karyawan dengan memperhatikan daya saing Perseroan. that employees shall perform their duties and responsibilities in the best and the most efficient manner. Company shall continuously conduct periodic study in improving employees welfare by taking into account Company s competitiveness. Kompetensi SDM dan peningkatan kualitas pengelolaan risiko untuk menjamin keberhasilan kinerja, menjadi fokus Perseroan dalam mengembangkan usaha serta menciptakan level kinerja baru yang berkesinambungan jangka panjang. Competency of HR and the enhancement of risk management quality to guarantee successful performance becomes the focus of the Company in developing business and creating a new level of long-term sustainable performance. Proses rekrutmen dilakukan berdasarkan hasil analisa kebutuhan jangka panjang Perseroan yang dilakukan dengan mempertimbangkan kompetensi karyawan yang ada. Perseroan menerapkan kebijakan rekrutmen umum dalam menyeleksi karyawan baru. Di samping itu, Perseroan juga bekerja sama dengan Headhunter JDA & Kelly dalam memenuhi pemetaan kebutuhan SDM Perseroan terutama untuk posisi critical. Sampai dengan akhir tahun 2013, Perseroan mempekerjakan 644 tenaga-tenaga profesional baik permanen maupun kontrak yang kompeten dan berpengalaman di bidangnya masing-masing. Pencapaian prestasi Perseroan hingga hari ini pun tidak lepas dari dukungan yang diberikan karyawan Perseroan. Selama tahun 2013, Perseroan melakukan pengembangan individual secara berkesinambungan dalam mendukung rencana pertumbuhan di seluruh jajaran operasional Perseroan. Pelatihan dan edukasi yang dilakukan secara berkala diberikan sebagai salah satu upaya Perseroan dalam mengembangkan kapasitas serta bakat karyawan. Perseroan menyelenggarakan 92 program pelatihan baik teknikal maupun non teknikal dengan jumlah peserta sebanyak 482 karyawan dan total waktu pelatihan hingga jam. Jenis pendidikan dan pelatihan bervariasi mulai dari pelatihan ketrampilan, kompetensi teknis/fungsional, pendidikan keahlian, pendidikan manajerial yang berguna untuk mempertajam kualitas Sumber Daya Manusia Perseroan. Recruitment process is conducted based on analysis of Company s long term needs performed by taking into consideration competences of the existing employees. Company applies general recruitment policy in selecting new employees. Aside from that, Company also works with JDA & Kelly Headhunter in meeting the mapping of Company s HR needs especially for critical positions. Up to end of 2013, Company has recruited 644 professionals both permanent and contract staff who are competent and experienced in their respective fields. The achievement of Company s performance up to today also cannot be separated from the supports given by the Company s employees. During 2013, Company has conducted individual development continuously to support the growth plans to all operational personnel of the Company. Training and education which conducted periodically are given as one of the Company s efforts in developing the capacity and talent of employees. Company has organized 92 training programs both technical and non-technical with a total participants of 482 employees and a total training time of 9,983 hours. The type of education and training varied, starting from training of skills, technical/functional competence, proficiency education, to managerial education that would be beneficial in sharpening the quality of Company's Human Resources.

20 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 18 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Berbagai program pendidikan dan pelatihan yang dilakukan Perseroan pada tahun 2013 mencakup di antaranya: 1. Pengetahuan Dasar Kehutanan 2. Program Manajemen Dasar Modul 1 3. Program Manajemen Dasar Modul 2 4. Keselamatan Dasar 5. Basic Management Program 1 dan 2 6. Pembinaan Tim untuk Kesuksesan Transformasi 7. Kepemimpinan yang Kompeten untuk Tim Sukses dan Perusahaan BIB 8. Pendekatan Penjualan Konsultatif 9. Keuangan untuk Non-Keuangan 10. Kemampuan Negosiasi dan Motivasi 11. Orientasi Karyawan Baru 12. Supervisory Development Program 1 dan Upaya menuju Keunggulan 14. Pelatihan Manajemen Proyek Various program of training and education conducted by Company in year 2013 include among others: 1. Basic Knowledge Forestry 2. Basic Management Program Modul 1 3. Basic Management Program Modul 2 4. Basic Safety 5. Basic Management Program 1 and 2 6. Building Team For The Success Transformation 7. Competent Leadership To The Team Success and Company BIB 8. Consultative Selling Approach 9. Finance For Non Finance 10. Negotiation skill and motivation 11. New Employee Orientation 12. Supervisory Development Program 1 and Strive for Excellence 14. Training Project Management 4% 0% 3% KOMPOSISI SDM BERDASARKAN TINGKAT PENDIDIKAN Composition of HR based on level of Education 50% 6% 37% Sekolah Dasar Elementary School Sekolah Menengah Pertama Junior High School Sekolah Menengah Atas Senior High School Diploma Diploma Sarjana Bachelor Degree Magister Master Degree Program pelatihan berbasis kompetensi dan penerapan Key performance Indicators (KPI) merupakan salah satu penilaian kinerja karyawan. Perseroan melakukan kajian Key Performance Indicators (KPI) dua kali dalam setahun terhadap semua karyawan Perseroan untuk menilai kinerja karyawan. Perseroan selalu berusaha agar KPI dapat selalu selaras dengan strategi bisnis, rencana dan target Perseroan. Perseroan juga mengadakan Employee Excellent Award secara rutin untuk memberikan motivasi kepada karyawan dalam memberikan kontribusi bagi Perseroan. Employee Excellent Award ini diadakan setiap kuartal dan diberikan kepada karyawan yang berprestasi dalam menciptakan pengembangan berkelanjutan bagi Perseroan. Perseroan juga menyediakan sarana komunikasi bagi karyawan melalui HR Care Center guna meningkatkan komunikasi antara manajemen dan bawahan mereka. Komunikasi yang efektif diharapkan akan membangun hubungan yang positif dan tetap produktif. Perseroan mengembangkan Teknologi Informasi (TI) berupa Sunfish dan sistem TI rekrutmen untuk mendukung pencapaian efisiensi operasional berbasis TI yang memungkinkan manajemen mengambil keputusan berdasarkan ketersediaan data yang terkini, akurat dan dapat dipercaya. Training program based on competence and application of Key Performance Indicator (KPI) is one of the elements in the employee performance appraisals. Company shall conduct studies on Key Performance Indicators (KPI) twice a year to all Company s employees in order to appraise the performance of employees. Company always seeks to have the KPI in harmony with Company s business strategies, plans and goals. Company also organizes Employee Excellent Award routinely to provide motivation to employees in giving contribution to the Company. This Employee Excellent Award event is held every quarter and granted to employees who excel in creating sustainable development for the Company. Company also provides a communication facility for employees through HR Care Center in order to improve communication between management and its subordinates. Effective communication is expected to build a positive and productive relationship. Company develops an Information Technology (IT) in the form of Sunfish and recruitment IT system to support the achievement of ITbased operational efficiency which allows the management to make a decision based on the latest, accurate and reliable data available.

21 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 19 Kode Etik Berperilaku Pedoman Kode Etik merupakan salah satu tools Perseroan dalam meningkatkan integritas insan Perseroan di setiap level, sehingga penerapan Good Corporate Governance (GCG) Perseroan dapat maksimal. Kode Etik Perseroan mencakup pengaturan atas disiplin kerja, wewenang dan tanggung jawab anggota Dewan Komisaris, Direksi dan karyawan, penggunaan sarana kerja dalam melaksanakan pekerjaannya sehingga sesuai dengan prinsipprinsip GCG. Dalam hal ini setiap karyawan terikat dalam Kode Etik Perseroan karena hal ini telah disepakati dalam pernyataan pengisian identitas karyawan pada saat bergabung dengan Perseroan. Setiap karyawan dimotivasi untuk selalu mengerahkan kemampuan terbaik dalam menjalankan tugas dan tanggungjawabnya sehingga dapat mencapai hasil yang terbaik, termasuk dalam menjaga kerahasiaan Perseroan. Dalam pengunaan sarana kerja, diharapkan agar setiap karyawan dapat menggunakan fasilitas kantor secara maksimal dalam mendukung pelaksanaan tugas dan tanggungjawabnya, tanpa menyalahgunakan fasilitas yang ada. Dalam Kode Etik Perseroan tersebut juga diatur mengenai adanya sanksi atas pelanggaran yang mungkin terjadi. Perseroan melakukan sosialisasi kode etik melalui portal Perseroan, di mana setiap karyawan Perseroan dapat setiap waktu untuk mengakses Kode Etik tersebut. Code of Conduct Code of Conduct guidance constitutes one of the Company s tools in improving the integrity of Company man at every level, so that the application of Company s Good Corporate Governance (GCG) can be optimized. Company s Code of Conduct includes regulations on work discipline, authority and responsibility of members of the Board of Commissioners, the Board of Directors and employees, the use of working facilities in conducting the jobs so in accordance with the principles of GCG. In this matter, every employee shall be bound in Company s Code of Conduct as this has been agreed in the filling statement of employees identity at the time of joining the Company. Every employee is motivated to always exert their best ability in performing their duties and responsibilities so that the best result can be achieved including in maintaining the confidentiality of Company. In utilizing the working facilities, it is expected that every employee can utilize office facilities optimally in supporting the implementation of their duties and responsibilities, without abusing the existing facilities. Imposition of sanctions for abuses/violations that may occur also stipulated in the Company s Code of Conduct. Company shall organize the socialization of code of conduct through Company s portal, where every Company s employee may access the Code of Conduct anytime.

22 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 20 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Nilai-nilai Perseroan Company Values Perseroan menanamkan nilai-nilai perusahaan dan karakter yang membentuk budaya Perseroan. Nilai dan karakter yang disebut dengan The Golden Way of Sinarmas yang telah mendorong keberhasilan Perseroan dengan per tumbuhan yang berkesinambungan. The Company implants company values and character which form the Company culture. The values and character known as The Golden Way of Sinarmas that has promoted Company's success with sustainable growth. Studi banding (Benchmarking) Terobosan Comparative study (Benchmarking) Breakthrough Keakuratan data Perhatian terhadap biaya Proses yang unggul Data accuracy Attention to costs Superior process Gairah Berjuang menjadi yang terbaik Menindaklanjuti pekerjaan hingga selesai Enthusiasm Striving to be the best Follow up the work until completed INOVASI Innovation PENYEMPURNAAN BERKELANJUTAN Continuous Improvement KOMITMEN Commitment INTEGRITAS Integrity SIKAP POSITIF Positive Attitude LOYAL Loyalty Hati nurani Menjalankan apa yang diucapkan Kejujuran Conscience Walking the talk Honesty Berfikir positif Menghormati sesama Bekerja sama Suasana kerja yang positif Positive thinking Respecting others Cooperating Positive work environment Persaudaraan Rasa bangga Pengabdian Brotherhood Proud Dedication

23 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 21 Struktur Organisasi Organization Structure Dewan Komisaris Board of Commissioners Komite Audit Audit Committee Direksi Board of Directors CEO Chief Executive Officer Audit Internal Internal Audit Sekretaris Perusahaan & Kepala Legal Corporate Secretary & Legal Head Divisi Pemasaran & Perdagangan Marketing & Trading Division Divisi Pengembangan Bisnis Business Development Division Divisi Kepatuhan, Perijinan & Administrasi Compliance, Lisence & Administration Division COD Chief of Organization & Development CFO Chief Financial Officer CPO Chief Project Officer

24 Sekilas GEMS / GEMS at a Glance Ikhtisar Keuangan / Financial Highlights Laporan Dewan Komisaris / Board of Commissioners Report Laporan Direksi / Board of Directors Report 22 PT Golden Energy Mines Tbk / Laporan Tahunan 2013 Laporan Dewan Komisaris Board of Commissioners Report Manajemen mampu menghadapi perubahan situasi, melestarikan nilai Perseroan, dan memanfaatkan peluang untuk menjaga momentum Perseroan dalam mencapai posisi yang lebih baik. The Management were able to deal with the changing situations, preserving the value of the Company, and make use the opportunities to maintain the momentum of the Company to bring it to a better position. L. Krisnan Cahya Presiden Komisaris President Commissioner Pemegang Saham yang terhormat, Atas nama Dewan Komisaris, pertama-tama saya ingin menggunakan kesempatan ini untuk mengungkapkan syukur kepada Tuhan atas kesuksesan Perseroan dalam melewati tahun 2013 yang penuh dengan tantangan. Dengan kerja keras dan komitmen penuh dari Direksi dan seluruh karyawan Perseroan, kami mampu menghadapi perubahan situasi, melestarikan nilai Perseroan, dan memanfaatkan peluang untuk menjaga momentum Perseroan dalam mencapai posisi yang lebih baik, bahkan dalam situasi yang tak terduga ini. Dear Valued Shareholders, On behalf of Board of Commissioners, first of all I would like to take this opportunity to express gratitude to God for the success of the Company through a very challenging year of With the hard works and full commitment of the BOD and all employees of the Company, we were able to deal with the changing situations, preserving the value of the Company, and make use opportunities to maintain the momentum of the Company to bring it to a better position, even in this unexpected situation.

25 Analisis Manajemen / Management Analysis Tata Kelola Perusahaan / Good Corporate Governance Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility 2013 Annual Report / PT Golden Energy Mines Tbk 23 KINERJA MANAJEMEN Seperti kita ketahui bersama, kondisi pasar pada tahun 2013 untuk industri ini mengalami penurunan, tetapi Perseroan adalah salah satu dari beberapa perusahaan yang mampu mencatat pertumbuhan yang positif dengan meningkatnya penjualan Perseroan sebesar 9% dan pertumbuhan 49% dalam penjualan domestik di tahun Selain itu, hasil keuangan Perseroan di tahun 2013 juga menunjukkan tren pertumbuhan, dengan dampak yang positif berkat efisiensi yang dilakukan. Oleh karenanya, likuiditas yang baik pada tahun 2013 harus dipelihara dengan baik dalam menghadapi ketidakpastian berikutnya. Kami juga dengan bangga menyampaikan bahwa Perseroan telah berhasil menyelesaikan beberapa proyek infrastruktur pada tahun 2013, proyek jalan dan pelabuhan di Nilau, Jambi, Sumatera dan perluasan pelabuhan Bunati di Kalimantan Selatan. Selain itu, kami juga mampu melakukan perbaikan efisiensi baik secara internal maupun eksternal dengan melakukan negosiasi ulang dengan pihak ketiga dan meningkatkan lini operasional. Kami berusaha untuk terus mengembangkan infrastruktur di sepanjang rantai suplai batubara untuk meningkatkan efisiensi dan memperkuat posisi kami di pasar. Di sisi lain, kami pun juga mempertahankan tingkat pertumbuhan tinggi yang telah kami capai saat ini maupun pengembangan lebih lanjut. Kami juga sadar bahwa Perseroan harus dikelola oleh para profesional di seluruh lini operasional. Oleh karenanya, kami terus mengembangkan basis keterampilan karyawan kami dengan menyertakan mereka baik dalam program pelatihan dan pengembangan internal maupun eksternal. Perseroan juga telah menunjuk McKinsey pada tahun 2012 untuk menangani rasionalisasi biaya di seluruh rantai nilai dan memperbaiki proses. Dewan Komisaris menghargai kemajuan signifikan yang telah dicapai oleh Direksi dalam mengelola dan meningkatkan kompetensi Sumber Daya Manusia. MANAGEMENT PERFORMANCE As we all know, the market condition in 2013 for this industry was in downward trend, but the Company was one of a few that made a positive growth by grew its sales by 9% and recorded a growth of 49% in domestic sales in Besides, the Company financial results in 2013 are indicates growth trends, with the positive impact due to the efficiencies done. Hence, the good liquidity in 2013 should be maintained well in the next uncertainty. We are also proud to reveal that the Company has also successfully managed to complete a few infrastructures projects in 2013, the road and port project at Nilau in Jambi, Sumatera and the expansion of Bunati port in South Kalimantan. Furthermore, we were able to perform improvement on efficiencies both internal and externally by re-negotiating deals with third parties and improving operational line respectively. We strive to continue developing infrastructure along the coal supply chain to improve efficiencies and strengthen our distinctive position in the market. In other respects, we also maintained our current high rate of growth and to expand further. We know it is essential to have the Company staffed by professionals in all aspects of our operations. We therefore continue to develop our employees' skill base by their participation in both internal and external training and development programs. The Company has also appointed McKinsey in 2012 to work on cost rationalization across the value chain and process improvements. Board of Commissioner appreciates the significant progresses that have been achieved by Board of Directors in managing and improving Human Resource competency. TATA KELOLA PERUSAHAAN YANG BAIK (GCG) SERTA KESEHATAN, KESELAMATAN & LINGKUNGAN (HSE) KAMI Perusahaan memasuki TOP 50 dari Perusahaan Publik dengan skor tertinggi berdasarkan penilaian Scorecard Indonesian Institute for Corporate Directorship (IICD) ASEAN CG yang diumumkan pada tanggal 21 Maret 2014 di Jakarta. Selain itu, prestasi kami juga diakui oleh media terkemuka seperti majalah Investor, dimana Perseroan berhasil mempertahankan Corporate Sustainability-nya sehingga dinobatkan sebagai top 100 Emiten Untuk lebih meningkatkan fungsi pengawasan, kami terus mendukung dan mendorong penyelesaian Whistleblowing System (WBS) dalam rangka meningkatkan kualitas penerapan GCG dari sisi akuntabilitas dan tanggung jawab serta telah membentuk kebijakan WBS pada tanggal 7 Maret OUR GOOD CORPORATE GOVERNANCE (GCG) AND HEALTH, SAFETY & ENVIRONMENT (HSE) The Company entered the TOP 50 of The Public Listed with the highest score based on Indonesian Institute for Corporate Directorship (IICD) ASEAN CG Scorecard assessment that announced on March 21, 2014 at Jakarta. Moreover, our achievement was also recognized by reputable publications such as Investor magazine, the Company succeeded in maintaining its Corporate Sustainability so that crowned as top 100 Issuer To further enhance the supervisory function, we continue to support and encourage the completion of Whistleblowing System (WBS) in order to improve the quality of GCG implementation in term of accountability and responsibility and have formed WBS policy in March 7, 2013.