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Transkripsi:

LAPORAN KEUANGAN INTERIM TANGGAL 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 SERTA UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 INTERIM CONSOLIDATED FINANCIAL AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 AND FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019

Halaman P a g e SURAT PERNYATAAN DIREKSI BOARD OF DIRECTORS STATEMENT LAPORAN POSISI KEUANGAN INTERIM PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 1-3 INTERIM CONSOLIDATED OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN INTERIM UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 4-5 INTERIM CONSOLIDATED OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 LAPORAN PERUBAHAN PERUBAHAN EKUITAS INTERIM PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 6 INTERIM CONSOLIDATED OF CHANGES IN EQUITY AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 LAPORAN ARUS KAS INTERIM UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 7 INTERIM CONSOLIDATED OF CASH FLOWS FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 8-137 LAMPIRAN/ SCHEDULE I : LAPORAN POSISI KEUANGAN PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 (Entitas Induk)/ OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020 AND DECEMBER 31, 2019 (Parent Company) II : LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 (Entitas Induk)/ OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL III SEPTEMBER 30, 2020 AND 2019 (Parent Company) : LAPORAN PERUBAHAN EKUITAS PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 (Entitas Induk)/ OF CHANGES IN EQUITY AS OF SEPTEMBER 30, 2019 AND DECEMBER 31, 2019 (Parent Company) IV : LAPORAN ARUS KAS UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 (Entitas Induk)/ OF CASH FLOWS FOR THE NINE-MONTH PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 (Parent Company)

LAPORAN POSISI KEUANGAN INTERIM PER 30 SEPTEMBER 2020, 31 DESEMBER 2019 DAN 1 JANUARI 2019 INTERIM CONSOLIDATED OF FINANCIAL POSITION AS OF SEPTEMBER 30, 2020, DECEMBER 31, 2019 AND JANUARY 1, 2019 ASET ASSETS 30 September/ 31 Desember/ 1 Januari/ Catatan/ September30 December 31 January 1 Notes 2 0 2 0 2 0 1 9* 2 0 1 9* ASET LANCAR CURRENT ASSETS Kas dan Setara Kas 2d,2e,2g,2w,4,33,35,36&37 296,643,034,385 201,029,873,433 118,645,441,424 Cash and Cash Equivalents Piutang Usaha: Trade Receivables: - Pihak Ketiga - Neto 2g,5,35&36 9,675,757,395 6,068,377,515 6,644,291,352 - Third Parties - Net - Pihak Berelasi - Neto 2g,5,33,35&36 4,083,617,667 4,325,094,866 2,018,535,000 - Related Parties - Net Piutang Lain-lain: Other Receivables: - Pihak Ketiga 2g,35&36 42,044,753 366,107,835 241,298,440 - Third Parties - Pihak Berelasi 2d,2g,33,35&36 810,982,325 27,799,726 - - Related Parties Persediaan 2i & 6 694,300,126,262 746,512,975,315 693,822,566,805 Inventories Pajak Dibayar di Muka 2w,2x&17 8,680,592,436 12,433,939,421 10,599,613,844 Prepaid Taxes Uang Muka dan Beban Dibayar di Muka 2k,7&39 6,451,468,154 4,184,285,675 2,883,295,883 Advances and Prepaid Expenses Aset Keuangan Tersedia untuk Dijual 2f,9,33,35&36 9,426,712,500 6,567,750,000 14,855,625,000 Available-for-Sale Financial Assets Aset Lain-lain 2g,20&35 986,037,090 1,007,697,540 1,148,839,533 Other Assets Total Aset Lancar 1,031,100,372,967 982,523,901,326 850,859,507,281 Total Current Assets ASET TIDAK LANCAR NON-CURRENT ASSETS Tanah untuk Pengembangan 2l & 8 90,102,000,000 90,102,000,000 90,102,000,000 Land for Development Aset Keuangan Tersedia untuk Dijual 2f,9,35&36 21,527,545,432 21,527,545,432 21,527,545,432 Available-for-Sale Financial Assets Properti Investasi - Setelah Dikurangi Investment Properties - Net of Accumulated Akumulasi Penyusutan masing-masing sebesar Depreciation of Rp 117,836,647,504, Rp 117.836.647.504 Rp 99.164.568.810 dan Rp 99,164,568,810 and Rp 73,398,441,064, Rp 73.398.441.064 per 30 September 2020, as of September 30, 2020, December 31, 2019 31 Desember 2019 dan 1 Januari 2019 2m,2p&10 667,803,117,950 686,475,196,644 717,842,943,368 and January 1, 2019 respectively Aset Tetap - Setelah Dikurangi Akumulasi Property and Equipment - Net of Accumulated Penyusutan masing-masing sebesar Depreciation of Rp Rp 71,357,238,478, Rp 71.357.238.478, Rp 66.007.934.160 dan Rp 66,007,934,160 and 60,531,719,370, Rp 60.531.719.370 per 30 September 2020, as of September 30, 2020, December 31, 2019 31 Desember 2019 dan 1 Januari 2019 2n,2p&11 152,832,971,826 158,020,943,564 151,719,638,798 and January 1,2019, respectively Goodwill 2o,2p&13 22,254,095,400 22,254,095,400 22,254,095,400 Goodwill Aset Pengampunan Pajak 2ac & 17 12,499,987 116,666,648 266,666,656 Tax Amnesty Assets Aset Hak Guna - Neto 2b,12&39 27,899,377,198 29,397,876,328 31,395,875,167 Right of Use Assets - Net Dana yang Dibatasi Pengunaannya 2e,2g,14&35 129,530,529,343 191,835,536,139 196,118,416,714 Restricted Funds Aset Tidak Lancar Lainnya 2g & 35 99,836,771 99,836,771 99,836,771 Other Non-Current Assets Total Aset Tidak Lancar 1,112,061,973,907 1,199,829,696,926 1,231,327,018,306 Total Non-Current Assets TOTAL ASET 2,143,162,346,874 2,182,353,598,252 2,082,186,525,587 TOTAL ASSETS * Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39) Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 1

LAPORAN POSISI KEUANGAN INTERIM (Lanjutan) PER 30 SEPTEMBER 2020, 31 DESEMBER 2019 DAN 1 JANUARI 2019 INTERIM CONSOLIDATED OF FINANCIAL POSITION (Continued) AS OF SEPTEMBER 30, 2020, DECEMBER 31, 2019 AND JANUARY 1, 2019 LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY Catatan/ 30 September/ 31 Desember/ 1 Januari/ Notes September30 December 31 January 1 2 0 2 0 2 0 1 9* 2 0 1 9* LIABILITAS JANGKA PENDEK CURRENT LIABILITIES Utang Bank Jangka Pendek 2d,2g,20,33,35&36 15,299,971,174 18,291,577,030 5,207,981,226 Short-term Bank Loans Utang Usaha - Pihak Ketiga 2g,35&36 112,374,312,992 19,452,158,568 15,273,843,411 Trade Payables - Third Parties Utang Lain-lain: Other Payables: - Pihak Ketiga 2g,15,35&36 1,963,670,349 5,015,690,741 3,524,566,556 - Third Parties - Pihak Berelasi 2d,2g,33,35&36 1,233,839,872 14,327,624,564 43,851,970,067 - Related Parties Beban yang Masih Harus Dibayar 2g,2u,2w,16,35,36,37&39 8,346,329,064 10,544,250,992 8,853,516,355 Accrued Expenses Utang Pajak 2w,2x,17&39 1,787,285,490 3,342,658,416 3,833,003,255 Taxes Payable Uang Muka Penjualan 2u & 18 265,099,870,934 477,468,102,669 393,610,294,005 Advances from Customers Pendapatan Diterima di Muka 19 & 33 17,475,715,424 38,986,185,348 13,178,539,802 Unearned Revenue Setoran Jaminan Penyewa - Jangka Pendek 2g,2w,22,33,35,36&37 7,596,977,880 7,845,287,407 13,277,173,268 Rental Guarantee Deposits - Short-term Liabilitas Jangka Panjang yang Jatuh Tempo dalam Waktu Satu Tahun: Current Portion of Long-term Liabilities: - Utang Bank 2d,2g,20,33,35&36 6,473,935,660 8,298,683,532 34,729,887,180 - Bank Loans - Utang Sewa Pembiayaan 2g,2u,21,35,36&39 1,000,555,874 879,837,267 770,515,541 - Finance Lease Payables Total Liabilitas Jangka Pendek 438,652,464,713 604,452,056,534 536,111,290,666 Total Current Liabilities LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES Liabilitas Jangka Panjang Setelah Dikurangi Bagian yang Jatuh Tempo dalam Waktu Satu Tahun: Long-term Liabilities - Net of Current Portion: - Utang Bank 2d,2g,20,33,35&36 435,349,638,375 393,634,040,812 359,191,288,947 - Bank Loans - Utang Sewa Pembiayaan 2g,2u,21,35,36&39 23,297,753,072 24,064,013,732 24,943,850,997 - Finance Lease Payables Setoran Jaminan Penyewa - Jangka Panjang 2g,22,33,35&36 9,973,696,235 9,569,360,235 3,229,355,650 Rental Guarantee Deposits - Long-term Pendapatan Diterima di Muka 19 & 33 17,193,407,018 18,956,020,454 24,281,843,153 Unearned Revenue Liabilitas Pajak Tangguhan 2x & 17 2,160,997,871 2,154,146,940 2,410,201,000 Deferred Tax Liabilities Utang Lain-lain - Pihak Ketiga 2g,15,20,35&36 14,889,932,046 6,933,759,411 - Other Payables - Third Parties Liabilitas Imbalan Kerja 2t & 23 5,568,941,362 5,568,941,362 3,462,274,862 Employee Benefits Liabilities Total Liabilitas Jangka Panjang 508,434,365,979 460,880,282,946 417,518,814,609 Total Non-Current Liabilities Total Liabilitas 947,086,830,692 1,065,332,339,480 953,630,105,275 Total Liabilities * Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39) Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 2

LAPORAN POSISI KEUANGAN INTERIM (Lanjutan) PER 30 SEPTEMBER 2020, 31 DESEMBER 2019 DAN 1 JANUARI 2019 INTERIM CONSOLIDATED OF FINANCIAL POSITION (Continued) AS OF SEPTEMBER 30, 2020, DECEMBER 31, 2019 AND JANUARY 1, 2019 30 September/ 31 Desember/ 1 Januari/ Catatan/ September30 December 31 January 1 Notes 2 0 2 0 2 0 1 9* 2 0 1 9* EKUITAS EQUITY Ekuitas yang Diatribusikan kepada Pemilik Equity Attributable to Owners of the Entitas Induk Parent Entity Modal Saham, Modal Dasar 12.800.000.000 Share Capital, Authorized Capital - saham yang terdiri dari 1.800.000.000 saham 12,800,000,000 shares consisting of Seri A dengan nilai nominal Rp 500 1,800,000,000 Series A shares with per saham dan 11.000.000.000 saham a par value of Rp 500 per share and Seri B dengan nilai nominal Rp 100 saham 11,000,000,000 Series B shares with a par per 30 September 2020, 31 Desember 2019 dan value of Rp 100 per share as of September 30, 2020, 1 Januari 2019 December 31, 2019 and January 1, 2019 Modal Ditempatkan dan Disetor Penuh - Issued and Fully Paid Capital - 1,638,218,259 1.638.218.259 saham Seri A per 30 September 2020, Series A shares as of September 30, 2020, 31 Desember 2019 dan 1 Januari 2019 dan December 31, 2019 and January 1, 2019 and 3.390.451.117 dan 3.390.451.079 saham Seri B 3,390,451,117 and 3,390,451,079 Series B masing-masing per 30 September 2020, 31 Desember shares as of September 30, 2020, December 31, 2019 dan 1 Januari 2019 24&36 1,158,154,241,200 1,158,154,237,400 1,158,154,237,400 2019 and January 1, 2019 Tambahan Modal Disetor - Neto 2ac,25&36 140,797,315,513 140,797,315,513 140,797,315,513 Additional Paid-in Capital - Net Laba (Rugi) yang Belum Direalisasi atas Perubahan Nilai Unrealized (Loss) Gain on Changes in Fair Value Wajar Aset Keuangan Tersedia untuk Dijual - Neto 9 (5,090,551,692) (3,448,614,192) 4,839,260,808 of Available-for-Sale Financial Assets - Net Selisih Kurs atas Penjabaran Laporan Difference in Foreign Currency due to Financial Keuangan 26 6,478,783,337 6,503,139,910 6,494,100,720 Statement Translation Komponen Ekuitas Lain 1d 63,524,066,545 63,524,066,545 63,524,066,545 Other Equity Components Saldo Rugi 39 & 40 (526,485,220,941) (562,360,177,243) (559,025,687,539) Deficit Sub total 837,378,633,962 803,169,967,933 814,783,293,447 Sub total Kepentingan Non-Pengendali 27 & 39 358,696,882,220 313,851,290,839 313,773,126,865 Non-Controlling Interests Ekuitas - Neto 1,196,075,516,182 1,117,021,258,772 1,128,556,420,312 Equity - Net TOTAL LIABILITAS DAN EKUITAS 2,143,162,346,874 2,182,353,598,252 2,082,186,525,587 TOTAL LIABILITIES AND EQUITY * Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39) Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 3

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN INTERIM UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 INTERIM CONSOLIDATED OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 Catatan/ 30 September / 30 September / Notes September 30 September 30 2 0 2 0 2 0 1 9* PENDAPATAN 2v,28,33&34 476,068,443,024 146,336,190,265 REVENUES BEBAN LANGSUNG 2v & 29 (308,615,282,347) (92,816,743,249) DIRECT EXPENSES LABA BRUTO 167,453,160,677 53,519,447,016 GROSS PROFIT BEBAN USAHA 2v,30&39 (41,269,310,566) (36,792,178,534) OPERATING EXPENSES LABA USAHA 126,183,850,111 16,727,268,482 OPERATING PROFIT PENGHASILAN (BEBAN) LAIN-LAIN OTHER INCOME (CHARGES) Pendapatan Keuangan - Neto 31 7,265,777,240 5,437,931,811 Finance Income - Net Kerugian Selisih Kurs - Neto 92,608,523 (34,042,558) Loss on Foreign Exchange - Net Beban Keuangan 31 (42,282,733,060) (38,202,631,818) Finance Costs Beban Insentif (318,608,305) (1,791,184,260) Incentive Fees Beban Pajak (42,210,684) (116,414,444) Tax Expense Lain-lain - Bersih 3,727,746,197 1,682,570,507 Others - Net Total Beban Lain-lain - Neto (31,557,420,089) (33,023,770,762) Total Other Charges - Net LABA (RUGI) SEBELUM PAJAK FINAL 94,626,430,022 (16,296,502,280) INCOME (LOSS) BEFORE FINAL TAX PAJAK FINAL 2y & 17 (14,441,033,940) (6,961,508,485) FINAL TAX LABA (RUGI) SEBELUM PAJAK PENGHASILAN 80,185,396,082 (23,258,010,765) INCOME (LOSS) BEFORE INCOME TAX BEBAN PAJAK PENGHASILAN 2x & 17 INCOME TAX EXPENSE Kini - Non Final (70,497,468) (1,263,087,129) Current - Non Final Tangguhan (6,850,931) (19,278,106) Deferred Total Beban Pajak Penghasilan - Neto (77,348,399) (1,282,365,235) Total Income Tax Expense - Net LABA (RUGI) NETO TAHUN BERJALAN 80,108,047,683 (24,540,376,000) NET INCOME (LOSS) FOR THE YEAR * Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39) Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 4

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN INTERIM UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 (Lanjutan) INTERIM CONSOLIDATED OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 (Continued) Catatan/ 30 September / 30 September / Notes September 30 September 30 2 0 2 0 2 0 1 9* PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME Pos yang Akan Direklasifikasi ke Items that Will Be Reclassified to Laba Rugi Profit or Loss Kerugian yang Belum Direalisasi atas Unrealized Loss on Changes in Fair Perubahan Nilai Wajar Aset Keuangan Value of Available-for-Sale Financial untuk Dijual - Neto 9 (1,641,937,500) (1,329,187,500) Assets - Net Keuntungan (Kerugian) dari Penjabaran Gain (Loss) on Financial Statement Laporan Keuangan (24,356,573) 11,332,758 Translation Total Penghasilan (Beban) Komprehensif Lain (1,666,294,073) (1,317,854,742) Total Other Comprehensive Income (Expense) TOTAL LABA (RUGI) KOMPREHENSIF 78,441,753,610 (25,858,230,742) TOTAL COMPREHENSIVE INCOME (LOSS) LABA (RUGI) NETO YANG DAPAT DIATRIBUSIKAN KEPADA: NET INCOME (LOSS) ATTRIBUTABLE TO: Pemilik Entitas Induk 35,874,956,302 (12,067,659,975) Owners of the Parent Entity Kepentingan Non-Pengendali 44,233,091,381 (12,472,716,025) Non-Controlling Interest T o t a l 80,108,047,683 (24,540,376,000) T o t a l TOTAL LABA (RUGI) KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME (LOSS) BERJALAN YANG DIATRIBUSIKAN ATTRIBUTABLE TO: KEPADA: Pemilik Entitas Induk 34,208,662,229 (13,385,514,717) Owners of the Parent Entity Kepentingan Non-Pengendali 44,233,091,381 (12,472,716,025) Non-Controlling Interest T o t a l 78,441,753,610 (25,858,230,742) T o t a l LABA (RUGI) NETO PER SAHAM DASAR YANG EARNINGS PER SHARE DAPAT DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO OWNERS OF PEMILIK ENTITAS INDUK 2q & 32 7.13 (2.25) THE PARENT ENTITY * Setelah Penyajian Kembali (Catatan 39) *After Restatement (Notes 39) Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 5

LAPORAN PERUBAHAN EKUITAS INTERIM PER 30 SEPTEMBER 2020 DAN 31 DESEMBER 2019 INTERIM CONSOLIDATED OF CHANGES IN EQUITY AS OF SEPTEMBER, 30 2020 AND DECEMBER, 31 2019 Keuntungan (Kerugian) yang Belum Direalisasi atas Perubahan Nilai Wajar Aset Selisih Kurs Keuangan Tersedia karena Penjabaran untuk Dijual - Neto/ Laporan Keuangan/ Unrealized Gain Difference in Tambahan Modal (Loss) on Changes Foreign Currency Komponen Kepentingan Disetor/ in Fair Value of Due to Financial Ekuitas Lainnya/ Non-Pengendali/ Modal Saham/ Additional Saldo Rugi/ Available-for-Sale Statement Other Equity Total/ Non-Controlling Ekuitas - Neto/ Share Capital Paid-in Capital Deficit Financial Assets - Net Translation Component Total Interest Equity - Net BALANCE AS OF DECEMBER 31, 2018 SALDO PER 31 DESEMBER 2018 1,158,154,237,400 140,797,315,513 (556,396,828,158) 4,839,260,808 6,494,100,720 63,524,066,545 817,412,152,828 313,817,008,198 1,131,229,161,026 Penyesuaian sehubungan dengan Adjustment in relation to application of Penerapan PSAK 71,72, dan 73 - - (2,628,859,381) - - - (2,628,859,381) (43,881,333) (2,672,740,714) SFAS 71,72, and 73 SALDO 1 JANUARI 2019, RESTATED BALANCE AS OF SETELAH PENYAJIAN KEMBALI 1,158,154,237,400 140,797,315,513 (559,025,687,539) 4,839,260,808 6,494,100,720 63,524,066,545 814,783,293,447 313,773,126,865 1,128,556,420,312 JANUARY 1, 2019 Laba (Rugi) Bersih Setelah Disajikan Kembali - - (2,784,362,237) - - - (2,784,362,237) 24,245,634 (2,760,116,603) Restated Net (Loss) Penghasilan (Beban) Komprehensif Lain - - (550,127,467) (8,287,875,000) 9,039,190 - (8,828,963,277) 53,918,340 (8,775,044,937) Other Comprehensive Income (Expense) SALDO 31 DESEMBER 2019, RESTATED BALANCE AS OF SETELAH PENYAJIAN KEMBALI 1,158,154,237,400 140,797,315,513 (562,360,177,243) (3,448,614,192) 6,503,139,910 63,524,066,545 803,169,967,933 313,851,290,839 1,117,021,258,772 DECEMBER 31, 2019 Pencatatan dari Konversi Waran Seri III 3,800 - - - - - 3,800-3,800 Listing of Shares from Conversion of Warran Seri III Laba Bersih - - 35,874,956,302 - - - 35,874,956,302 44,233,091,381 80,108,047,683 Net Income Penghasilan (Beban) Komprehensif Lain - - - (1,641,937,500) (24,356,573) - (1,666,294,073) - (1,666,294,073) Other Comprehensive Income (Expense) Akuisisi dari Kepentingan Non-Pengendali - - - - - - - 612,500,000 612,500,000 Acquisition of Non-Controlling Interest SALDO PER 30 SEPTEMBER 2020 1,158,154,241,200 140,797,315,513 (526,485,220,941) (5,090,551,692) 6,478,783,337 63,524,066,545 837,378,633,962 358,696,882,220 1,196,075,516,182 BALANCE AS OF SEPTEMBER 30,2020 Catatan atas Laporan Keuangan Konsolidasian merupakan bagian yang tidak terpisahkan dari Laporan Keuangan Konsolidasian The accompanying Notes to the Consolidated Financial Statements form an integral part of these Consolidated Financial Statements 6

LAPORAN ARUS KAS INTERIM UNTUK PERIODE 9 BULAN DARI TANGGAL 1 JANUARI SAMPAI DENGAN 30 SEPTEMBER 2020 DAN 2019 INTERIM CONSOLIDATED OF CASH FLOWS FOR THE NINE-PERIOD FROM JANUARY 1 UNTIL SEPTEMBER 30, 2020 AND 2019 30 September / 30 September / September 30 September 30 2 0 2 0 2 0 1 9 ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES Penerimaan dari Pelanggan 301,894,438,419 292,930,813,316 Receipt from Customers Pembayaran kepada: Payments for: Pemasok (263,038,061,695) (149,892,606,667) Suppliers Direksi dan Karyawan (11,268,854,702) (17,667,526,968) Directors and Employees Kas Diperoleh dari Aktivitas Operasi 27,587,522,022 125,370,679,681 Cash Provided by Operating Activities Penerimaan atas Pendapatan Keuangan 6,728,554,061 5,437,931,811 Receipt from Finance Income Beban Lain-lain - Neto 2,430,305,343 (194,033,997) Other Expenses - Net Pembayaran atas Beban Keuangan (30,915,934,270) (31,708,469,537) Payment of Finance Costs Pembayaran Pajak Final (4,320,815,760) (5,066,225,048) Payment of Final Tax Peningkatan Dana yang Dibatasi Penggunaannya 62,305,006,796 (10,369,561,318) Increase in Restricted Funds Pembayaran Pajak Penghasilan (1,353,166,250) (709,223,595) Payment of Income Tax Kas Neto Diperoleh dari Aktivitas Operasi 62,461,471,943 82,761,097,996 Net Cash Provided by Operating Activities ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES Peningkatan Tanah untuk Pengembangan (2,778,230,000) (25,577,370,000) Acquisition of Land For Development Penambahan Aset Tetap (161,331,950) (1,365,267,892) Acquisition of Property and Equipment Penambahan Properti Investasi - (2,877,196,200) Acquisition of Investment Properties Penambahan aset keuangan tersedia untuk dijual (4,500,900,000) - Purchase in available-for-sale financial assets Peningkatan Tanah untuk Pengembangan 63,455,642,539 - Increase in Land for Development Kas Neto Digunakan untuk Aktivitas Investasi 56,015,180,589 (29,819,834,092) Net Cash Used in Investing Activities ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES Penerimaan dari Pinjaman Bank 40,580,000,000 108,193,676,994 Proceeds from Bank Loan Pembayaran Pinjaman Bank (8,642,787,511) (119,291,123,559) Payment of Bank Loan Pembayaran Provisi Bank - (1,500,000,000) Payment of Bank Provision Penerimaan dari Setoran Modal 3,800 - Proceeds from Paid-in Capital Pembayaran Utang Pihak Berelasi (54,100,912,714) (42,772,085,679) Payment of Due to Related Parties Penambahan Utang Pihak Berelasi 3,631,805,233 25,367,129,195 Addition to Due to Related Parties Penerimaan Piutang Pihak Berelasi 950,044,184 - Proceeds to Due from Related Parties Pemberian Piutang Pihak Berelasi (4,636,102,522) - Payment to Due from Related Parties Pembayaran Utang Sewa Pembiayaan (645,542,053) (573,131,776) Payment of Finance Lease Payables Kas Neto Digunakan untuk Aktivitas Pendanaan (22,863,491,582) (30,575,534,825) Net Cash Provided by Financing Activities KENAIKAN (PENURUNAN) NETO KAS NET INCREASE (DECREASE) IN CASH AND DAN SETARA KAS 95,613,160,950 22,365,729,079 CASH EQUIVALENTS KAS DAN SETARA KAS, AWAL TAHUN 201,029,873,433 118,645,441,424 CASH AND CASH EQUIVALENTS, BEGINNING KAS DAN SETARA KAS, AKHIR TAHUN 296,643,034,383 141,011,170,503 CASH AND CASH EQUIVALENTS, ENDING 7

1. INFORMASI UMUM a. Pendirian Perusahaan PT Bhuwanatala Indah Permai Tbk ("Perusahaan ) didirikan berdasarkan Akta Notaris No. 165 tanggal 21 Desember 1981 yang dibuat oleh Koswara, SH, Notaris di Bandung. Akta pendirian tersebut telah memperoleh pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. C2-4821.HT.01.01.Th.83 tanggal 29 Juni 1983 dan telah diumumkan dalam Berita Negara Republik Indonesia No. 12 tanggal 10 Februari 1989, Tambahan No. 204. Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir berdasarkan Akta Pernyataan Keputusan Rapat Umum Pemegang Saham Tahunan No. 25 tanggal 29 Juli 2020 yang dibuat oleh Edi Priyono, SH, Notaris di Jakarta sehubungan dengan perubahan Susunan Direksi. Akta tersebut telah diterima dan dicatat dalam Sistem Administrasi Badan Hukum Republik Indonesia berdasarkan Surat Penerimaan Pemberitahuan Data Perseroan No. AHU- AH.01.0333969 tanggal 7 Agustus 2020 dan Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU-AH.01.0333968 tanggal 7 Agustus 2020. Sesuai dengan Pasal 3 Anggaran Dasar Perusahaan, maksud dan tujuan Perusahaan adalah berusaha dibidang pembangunan dan pengelolaan properti seperti apartemen, perhotelan, perkantoran, pertokoan dan perumahan, perdagangan dan pelayanan jasa. Perusahaan melakukan kegiatan usaha utama yaitu investasi saham pada Entitas Anak. Kantor pusat Perusahaan terletak di Graha BIP Lantai 6, Jalan Jendral Gatot Subroto No. 23, Jakarta. 1. GENERAL INFORMATION a. The Company s Establishment PT Bhuwanatala Indah Permai Tbk (the Company ) was established based on Notarial Deed No. 165 dated December 21, 1981 of Koswara, SH, Notary in Bandung. The deed of establishment was approved by the Minister of Law and Human Rights of the Republic of Indonesiain Decision Letter No. C2-4821.HT.01.01.Th.83 dated June 29, 1983 and was published in State Gazette of the Republic of Indonesia No. 12 dated February 10, 1989, Supplement No. 204. The Company's Articles of Association have been amended several times, most recently by Notarial Deed on Decision of the Extraordinary General Meeting of Shareholders No. 25 dated July 27, 2020 of Edi Priyono, SH, Notary in Jakarta in connection with changes to the Composition of Board of Directors. The deed has been received and recorded in the Indonesian Legal Entity Administration System based on the Company Data Acceptance Letter No. AHU-AH.01.0333969 dated 7 August 2020 and Letter of Acceptance of Notification of Amendment to Articles of Association No. AHU-AH.01.0333968 dated 7 August 2020. In accordance with Article 3 of the Company s Articles of Association, the scope of its activities consists of development and management of properties such as apartments, office spaces, shopping centers and houses, trading and services. The Company s main business activity is investing in shares of its Subsidiaries. The Company s head office is at Graha BIP, 6 th Floor, Jalan Jendral Gatot Subroto No. 23, Jakarta. 8

1. INFORMASI UMUM (Lanjutan) b. Penawaran Umum Saham Perusahaan Ringkasan aksi korporasi Perusahaan (corporate actions) yang mempengaruhi efek yang diterbitkan Perusahaan sejak tanggal penawaran umum perdana saham sampai dengan tanggal 30 September 2020 dan 31 Desember 2019 adalah sebagai berikut: 1. GENERAL INFORMATION (Continued) b. The Company s Public Offerings The summary of corporate actions that affect the securities issued by the Company since the initial public offering date up to September 30, 2020 and December 31, 2019 is as follows: Jumlah Saham Tanggal Beredar setelah Pencatatan Transaksi/ di Bursa Efek Total Indonesia/ Outstanding Date of Listing on Shares after Tanggal Efektif/ the Indonesia Aksi Korporasi Perusahaan the Transacton Effective Date Stock Exchange The Company s Corporate Actions Penawaran umum perdana dan Initial public offering and listing of pencatatan sebagian saham 26 Juni 1989/ part of the Company's shares Perusahaan sebanyak 6.500.000 6.500.000 June 26, 1989 - totaling 6,500,000 shares Pencatatan saham Pendiri sebanyak 31 Januari 1990/ Listing of the Founder s shares 9.500.000 16.000.000 - January 31, 1990 totaling 9,500,000 Penawaran umum terbatas I dengan Limited public offering I with hak memesan efek terlebih dahulu 29 Juni 1991/ pre-emptive rights totaling sebanyak 24.000.000 saham 46.500.000 June 29, 1991-24,000,000 shares Pemecahan nilai nominal saham Stock split of 40,000,000 shares 40.000.000 dan saham bonus 8 Juli 1996/ and bonus shares totaling 64.000.000 150.500.000 - July 8, 1996 64,000,000 Penawaran umum terbatas II dengan Limited public offering II with hak memesan efek terlebih dahulu pre-emptive rights totaling sebanyak 360.000.000 saham biasa 360,000,000 common shares and dan 36.000.000 waran (Waran 8 Nopember 1996/ 36,000,000 warrants (Series I Seri I) 406.500.000 November 8, 1996/ - Warrants) Pencatatan saham dari konversi Listing of shares from conversion of waran Seri I sebanyak 30 September 1997/ warrant Series I totaling 66,603 66.603 saham 406.566.603 - September 30, 1997/ shares Penawaran umum terbatas III dengan hak memesan efek Limited public offering III with terlebih dahulu sebanyak pre-emptive rights totaling 1.134.149.856 saham biasa dan 1,134,149,856 common shares dan 28.353.746 waran (Waran 12 Maret 1998/ and 28,353,746 warrants Seri II) 1.540.649.856 March 12, 1998 - (Series II Warrants) Listing of shares from conversion of Pencatatan saham dari konversi 28 Nopember 2001/ Series I warrants totaling 1,800 waran Seri I sebanyak 1.800 1.540.651.656 - November 28, 2001 shares Peningkatan modal ditempatkan dan Increase in issued and paid-up disetor tanpa hak memesan efek capital without pre-emptive rights to terlebih dahulu kepada Terra Terra Capital Partners Ltd. totaling Capital Partners Ltd. sebanyak 163,821,825 Series B shares 163.821.825 saham Seri B Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 11 September 2012/ Series B: par value of Rp 100 per saham 163.821.825 - September 11, 2012 per share 9

1. INFORMASI UMUM (Lanjutan) b. Penawaran Umum Saham Perusahaan (Lanjutan) 1. GENERAL INFORMATION (Continued) b. The Company s Public Offering (Continued) Jumlah Saham Tanggal Beredar setelah Pencatatan Transaksi/ di Bursa Efek Total Indonesia/ Outstanding Date of Listing on Shares after Tanggal Efektif/ the Indonesia Aksi Korporasi Perusahaan the Transacton Effective Date Stock Exchange The Company s Corporate Actions Peningkatan saham Seri B dalam Increase in Series B shares with rangka obligasi konversi kepada respect to convertible bond to Kimbell Holding Ltd sebanyak Kimbell Holding Ltd totaling 100.000.000 saham Seri B 100,000,000 Series B shares Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 11 September 2012/ Series B: par value of Rp 100 per saham 263.821.825 - September 11, 2012 per share Penawaran umum terbatas IV Limited public offering IV with dengan hak memesan efek pre-emptive rights totaling terlebih dahulu sebanyak 1,130,197,731 Series B shares and 1.130.197.731 saham biasa Seri B 661,579,159 warrants (Series III dan 661.579.159 waran (Waran Warrants) Seri III) Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 30 Nopember 2012/ 14 Desember 2012/ Series B: par value of Rp 100 per saham 1.394.019.556 November 30, 2012 December 14, 2012 per share Pencatatan saham dari konversi Listing of shares from conversion of Waran Seri III sebanyak 1.390 Series III Warrants totaling 1,390 saham shares Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 21 Nopember 2013/ Series B: par value of Rp 100 per saham 1.394.020.946 - November 21, 2013 per share Pencatatan dari konversi waran Listing of shares from conversion of Seri III sebanyak 40 saham Series III Warrants totaling 40 shares Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 4 Agustus 2014/ Series B: par value of Rp 100 per saham 1.394.020.986 - August 4, 2014 per share Penawaran umum terbatas V Limited public offering V with dengan hak memesan efek pre-emptive rights totaling terlebih dahulu sebanyak 1,637,409,191 Series B 1.637.409.191 saham biasa Seri B shares and 394,191,098 warrants dan 394.191.098 waran (Waran (Series IV Warrants) Seri IV) Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 25 Juni 2015/ 9 Juli 2015/ Series B: par value of Rp 100 per saham 3.031.430.177 June 25, 2015 July 9, 2015 per share Listing of shares from conversion of Pencatatan saham dari konversi Series III Warrants totaling 146 Waran Seri III sebanyak 146 saham Shares Seri A: nilai nominal Rp 500 Series A: par value of Rp 500 per saham 1.638.218.259 per share Seri B: nilai nominal Rp 100 18 Agustus 2016/ Series B: par value of Rp 100 per saham 3.031.430.323 - August 18, 2016 per share 10

1. INFORMASI UMUM (Lanjutan) b. Penawaran Umum Saham Perusahaan (Lanjutan) 1. GENERAL INFORMATION (Continued) b. The Company s Public Offering (Continued) Jumlah Saham Tanggal Beredar setelah Pencatatan Transaksi/ di Bursa Efek Total Indonesia/ Outstanding Date of Listing on Shares after Tanggal Efektif/ the Indonesia Aksi Korporasi Perusahaan the Transacton Effective Date Stock Exchange The Company s Corporate Actions Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 919 saham 31 Agustus 2017/ Series III Warrants totaling 919 biasa Seri B 3.031.431.242 - August 31, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 1 saham 26 September 2017/ Series III Warrants totaling 1 biasa Seri B 3.031.431.243 - September 26, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 58 saham 7 November 2017/ Series III Warrants totaling 58 biasa Seri B 3.031.431.301 - November 7, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 239 saham 9 November 2017/ Series III Warrants totaling 239 biasa Seri B 3.031.431.540 - November 9, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 39 saham 20 November 2017/ Series III Warrants totaling 39 biasa Seri B 3.031.431.579 - November 20, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 29 November 2017/ Series III Warrants totaling 109.017.000 saham biasa Seri B 3.140.448.579 - November 29, 2017 109,017,000 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 7 Desember 2017/ Series III Warrants totaling 250.000.000 saham biasa Seri B 3.390.448.579 - December 7, 2017 250,000,000 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 12 Desember 2017/ Series III Warrants totaling 1,500 1.500 saham biasa Seri B 3.390.450.079 - December 12, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri III sebanyak 13 Desember 2017/ Series III Warrants totaling 1,000 1.000 saham biasa Seri B 3.390.451.079 - December 13, 2017 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri IV sebanyak 29 Mei 2020/ Series IV Warrants totaling 28 28 saham biasa Seri B 3.390.451.107 - May 29, 2020 Series B shares Pencatatan Saham dari Konversi Listing of shares from conversion of Waran Seri IV sebanyak 3.390.451.117-8 Juni 2020/ Series IV Warrants totaling 10 10 saham biasa Seri B June 8, 2020 Series B shares Pencatatan Saham dari Konversi 9 Juli 2020/ Listing of shares from conversion of Waran Seri IV sebanyak July 9, 2020 Series IV Warrants totaling 38 38 saham biasa Seri B Series B shares 11

1. INFORMASI UMUM (Lanjutan) c. Dewan Komisaris, Direksi dan Karyawan Berdasarkan Akta Pernyataan Keputusan Rapat No. 25 dari Notaris Edi Priyono, SH, tanggal 29 Juli 2020, susunan Dewan Komisaris dan Direksi Perusahaan per 30 September 2020 dan 31 Desember 2019 adalah sebagai berikut: 1. GENERAL INFORMATION (Continued) c. Boards of Commissioners, Directors and Employees Based on Notarial Deed of Meeting Decision No. 20 of Public Notary Edi Priyono, SH dated September 26, 2018, the composition of the Company s Boards of Commissioners and Directors as of September 30, 2020 and December 31, 2019 is as follows: 2 0 2 0 Presiden Komisaris Independen : Piter Korompis : President Commissioner Independent Komisaris : Louise Li : Commissioners Fonny Fortunata Presiden Direktur : Arianto Sjarief : President Director Direktur : Michelle Elisa Rusli : Director Eddy Widjaja 2 0 1 9 Presiden Komisaris Independen : Piter Korompis : President Commissioner Independent Komisaris : Louise Li : Commissioners Fonny Fortunata Presiden Direktur : Arianto Sjarief : President Director Direktur : Michelle Elisa Rusli : Director Hendrikus Eko Yulianto Susunan anggota Komite Audit Perusahaan pada tanggal 30 September 2020 dan 31 Desember 2019 adalah sebagai berikut: The composition of the Company s Audit Committee as of September 30, 2020 and December 31, 2019 is as follows: Ketua : Piter Korompis : Chief Anggota : Yoyok Widiyanto : Members Susilowati Internal Audit Perusahaan telah menyusun Piagam Internal Audit sejak tanggal 22 Desember 2009 dan telah membentuk Divisi Internal Audit pada tanggal yang sama, serta Perusahaan telah menyesuaikan dengan Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015 tentang Pembentukan dan Pedoman Penyusunan Piagam Unit Audit Internal. Kepala Unit Internal Audit Perusahaan pada tanggal 30 September 2020 dan 31 Desember 2019 adalah Suparman. Sekretaris Perusahaan Berdasarkan Surat Keputusan Direksi Perusahaan No. SKDIR No.009/SKP-CS/01-2010 tanggal 14 Januari 2010, Perusahaan menunjuk Arianto Sjarief sebagai Sekretaris Perusahaan. 12 Internal Audit The Company has established an Internal Audit Charter since December 22, 2009 and had formed an Internal Audit Division at the same date, and the Company has followed Regulation of Financial Services Authority No. 56/POJK.04/2015 concerning the Forming and Charter s Compilation Guidance of Internal Audit Unit. The Company s Head of Internal Audit Unit as of September 30, 2020 and December 31, 2019 is Suparman. Corporate Secretary Based on Decision Letter of the Company s Board of Directors No. SKDIR No.009/SKP- CS/01-2010 dated January 14, 2010, the Company appointed Arianto Sjarief as its Corporate Secretary.

1. INFORMASI UMUM (Lanjutan) c. Dewan Komisaris, Direksi dan Karyawan (Lanjutan) Berdasarkan Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014 tanggal 8 Desember 2014 maka tugas Sekretaris Perusahaan adalah sebagai berikut: (1) Mengikuti perkembangan Pasar Modal, khususnya peraturan-peraturan yang berlaku di bidang Pasar Modal. (2) Memberikan masukan kepada Direksi dan Dewan Komisaris Emiten atau Perusahaan Publik untuk mematuhi ketentuan Peraturan Perundangundangan di bidang Pasar Modal atau Perusahaan Publik (3) Membantu Direksi dan Dewan Komisaris dalam pelaksanaan tata kelola Perusahaan yang meliputi: - Keterbukaan informasi kepada masyarakat, termasuk ketersediaan informasi pada situs Web Emiten atau Perusahaan Publik. - Penyampaian laporan kepada Otoritas Jasa Keuangan tepat waktu. - Penyelenggaraan dan dokumentasi Rapat Umum Pemegang Saham. - Penyelenggaraan dan dokumentasi rapat Direksi dan/atau Dewan Komisaris. - Pelaksanaan program orientasi terhadap Perusahaan bagi Direksi dan/atau Dewan Komisaris. (4) Sebagai penghubung antara Emiten atau Perusahaan Publik dengan pemegang saham Emiten atau Perusahaan Publik, Otoritas Jasa Keuangan (OJK) dan pemangku kepentingan lainnya. 1. GENERAL INFORMATION (Continued) c. Boards of Commissioners, Directors and Employees (Continued) Based on Regulation of the Financial Services Authority No. 35/POJK.04/2014 dated December 8, 2014 the functions of a Corporate Secretary are as follows: (1) Follow the capital market development, especially the regulations in force in the Capital Market. (2) Provide inputs to the Boards of Directors and Commisioners of Public Companies to comply with the provisions of the Capital Market of Public Company Law. (3) Assist the Boards of Directors and Commisioners in the corporate governance implementation covering: - Disclosure of information to the public, including the availability of information on the Public Companywebsite. - Submission reports to the Financial Services Authority on time. - Implementation and documentation of the General Meeting of Shareholders. - Implementation and documentation of the Board of Directors and/or Board of Commissionersmeetings. - Implementation of the orientation program for the Company s Board of Directors and/or Board of Commissioners. (4) As a liaison between the Public Company, the shareholders, the Financial Services Authority of Indonesia (OJK) and other stakeholders. 13

1. INFORMASI UMUM (Lanjutan) c. Dewan Komisaris, Direksi dan Karyawan (Lanjutan) Pada tanggal 30 September 2020 dan 31 Desember 2019 Perusahaan dan Entitas Anak (secara bersama-sama disebut sebagai Grup) mempekerjakan masing-masing 125 dan 121 karyawan tetap (tidak diaudit). Entitas induk sekaligus entitas induk utama Perusahaan adalah Safire Capital Pte. Ltd. d. Entitas Anak Perusahaan memiliki kepemilikan langsung dan tidak langsung pada entitas anak berikut ini: 1. GENERAL INFORMATION (Continued) c. Boards of Commissioners, Directors and Employees (Continued) As of September 30, 2020 and December 31, 2019 the Company and Subsidiaries (hereinafter collectively referred to as the Group) employed 125 and 121 permanent employees, respectively (unaudited). The parent entity as well as the ultimate parent entity of the Company is Safire Capital Pte, Ltd. d. Subsidiaries The Company has direct and indirect ownerships in the following subsidiaries: Entitas Anak/ Subsidiary Tahun Mulai Beroperasi Secara Komersial/ Start of Persentase Pemilikan Total Aset sebelum Eliminasi/ Kegiatan Usaha/ Domisili/ Commercial Percentage of Ownership Total Assets before Elimination Principal Activity Domicile Operations 2020 2019 2020 2019 Kepemilikan Langsung/ Direct Ownership BIP Holdings International Pte. Ltd. Investasi/Investment Singapura/ 1995 100.00% 100.00% 7,898,384 7,472,216 Singapore PT Asri Kencana Gemilang Penyewaan Gedung Perkantoran/ Jakarta 1997 99.99% 99.99% 231,129,725,211 197,717,294,071 Office Building Rental PT BIP Lokakencana Investasi/Investment Jakarta - 99.99% 99.99% 79,678,214,666 79,751,805,208 PT Tri Daya Investindo Penyewaan Gedung Perkantoran/ Jakarta 1999 99.99% 99.99% 738,968,654,945 760,439,645,032 Office Building Rental PT BIP Sentosa Penyewaan Apartemen/ Jakarta 2013 59.24% 59.24% 42,076,983,277 42,124,718,323 Apartment Rental PT Putra Asih Laksana Investasi/Investment Banten - 55.00% 55.00% 891,129,611,048 918,778,637,460 PT BIP Boga Permai Jasa Restoran dan Penyediaan Makanan/ Jakarta - 99.92% 99.92% 1,865,039,487 1,250,000,000 Restaurant Provision and Food PT BIP Properti Permai Properti Real Estate dan Parawisata/ Jakarta - 99.92% 99.92% 1,250,000,000 1,250,000,000 Real Estate Property and Tourism Kepemilikan Tidak Langsung melalui PT Tri Daya Investindo/ Indirect Ownership through PT Tri Daya Investindo PT Grha Swahita Perhotelan/Hotel Bali 2013 98.17% 98.17% 122,388,434,391 144,470,708,272 PT BIP Lokakencana Investasi/Investment Jakarta 1996 0.01% 0.01% 79,678,214,666 79,751,805,208 PT BIP Sentosa Penyewaan Apartemen/ Jakarta 2013 40.76% 40.76% 42,076,983,277 42,124,718,323 Apartment Rental PT Asri Kencana Gemilang Penyewaan Gedung Perkantoran/ Jakarta 1997 0.001% 0.001% 231,129,725,211 197,717,294,071 Office Building Rental PT Studio One Perhotelan/Hotel Jakarta 2009 99.99% 99.99% 38,259,573,259 39,186,569,673 PT Artoda Karya Gemilang Mal/Mall Manado 2017 39.62% 39.62% 347,680,777,042 362,251,662,010 PT BIP Boga Permai Jasa Restoran dan Penyediaan Makanan/ Jakarta - 0.08% 0.08% 1,865,039,487 1,250,000,000 Restaurant Provision and Food PT BIP Properti Permai Properti Real Estate dan Parawisata Jakarta - 0.08% 0.08% 1,250,000,000 1,250,000,000 Real Estate Property and Tourism Kepemilikan Tidak Langsung melalui PT BIP Lokakencana/ Indirect Ownership through PT BIP Lokakencana PT Tri Daya Investindo Properti/Property Jakarta 1999 0.01% 0.01% 738,968,654,945 760,439,645,032 PT Studio One Perhotelan/Hotel Jakarta 2009 0.01% 0.01% 38,259,573,259 39,186,569,673 PT Sunset Studio One Investasi/Investment Jakarta - 0.01% 0.01% 240,000,000 240,000,000 Kepemilikan Tidak Langsung melalui PT BIP Boga Permai/ Indirect Ownership through PT BIP Boga Permai PT BIP Eatertainment Jasa Restoran dan Penyediaan Makanan/ Jakarta 0 51.00% - 1,865,039,487 - Restaurant Provision and Food Kepemilikan Tidak Langsung melalui PT Grha Swahita/Indirect Ownership through PT Grha Swahita PT Canggu Suite Condotel Investasi/Investment Jakarta - 25.00% 25.00% 2,497,854,766 2,587,605,658 PT Artoda Karya Gemilang Mal/Mall Manado 2017 27.02% 27.02% 347,680,777,042 362,251,662,010 Kepemilikan Tidak Langsung melalui PT Studio One/ Indirect Ownership through PT Studio One PT Canggu Suite Condotel Investasi/Investment Jakarta - 75.00% 75.00% 2,497,854,766 2,587,605,658 PT Sunset Studio One Investasi/Investment Jakarta - 99.99% 60% 240,000,000 240,000,000 14

1. INFORMASI UMUM (Lanjutan) d. Entitas Anak (Lanjutan) PT Artoda Karya Gemilang Berdasarkan Akta Berita Acara Rapat PT Artoda Karya Gemilang No. 2 tanggal 1 Juni 2016 yang dibuat dihadapan Notaris Edi Priyono, SH, PT Tri Daya Investindo, Entitas Anak, melakukan akuisisi PT Artoda Karya Gemilang sebanyak 70.200 saham atau sebesar Rp 70.200.000.000. Berdasarkan Akta Berita Acara Rapat PT Artoda Karya Gemilang No. 11 tanggal 18 September 2017 yang dibuat dihadapan Notaris Edi Priyono, SH, PT Tri Daya Investindo, Entitas Anak, melakukan penambahan modal dalam PT Artoda Karya Gemilang dengan cara mengkapitalisasi dari uang muka investasi sebesar Rp 35.900.000.000, sehingga kepemilikan PT Tri Daya Investindo, Entitas Anak menjadi Rp 106.100.000.000 atau 54,28%. Berdasarkan Akta Berita Acara Rapat PT Artoda Karya Gemilang, Entitas Anak, No. 33 tanggal 27 Desember 2017 yang dibuat dihadapan Notaris Edi Priyono, SH, PT Artoda Karya Gemilang melakukan peningkatan modal disetor dari Rp 195.445.000.000 menjadi Rp 267.795.000.000, sehingga kepemilikan PT Tri Daya Investindo, Entitas Anak, berubah menjadi 39,62%. Atas transaksi peningkatan modal disetor PT Artoda Karya Gemilang, Entitas Anak, PT Tri Daya Investindo, Entitas Anak, mencatat selisih atas perubahan kepemilikannya sebesar (Rp 11.919.482.202) sebagai komponen ekuitas lainnya. 1. GENERAL INFORMATION (Continued) d. Subsidiaries (Continued) PT Artoda Karya Gemilang Based on Notarial Deed of Minutes of Meeting of PT Artoda Karya Gemilang No. 2 dated June 1, 2016 of Public Notary Edi Priyono, SH, PT Tri Daya Investindo, a Subsidiary, acquired PT Artoda Karya Gemilang at 70,200 shares or equal to Rp 70,200,000,000. Based on Notarial Deed of Minutes of Meeting of PT Artoda Karya Gemilang No. 11 dated September 18, 2017 of Public Notary Edi Priyono, SH, PT Tri Daya Investindo, Subsidiary, increased the paid-in capital of PT Artoda Karya Gemilang by capitalizing investment advances amounting to Rp 35,900,000,000, changing the ownership of PT Tri Daya Investindo, Subsidiary, to Rp 106,100,000,000 or 54.28%. Based on Notarial Deed of Minutes of Meeting of PT Artoda Karya Gemilang, Subsidiary No. 33 dated December 27, 2017 of Public Notary Edi Priyono, SH, PT Artoda Karya Gemilang increased its paid-in capital from Rp 195,445,000,000 to Rp 267,795,000,000, changing the ownership of PT Tri Daya Investindo, Subsidiary, to 39.62%. On the transaction of the increase in paid-in capital of PT Artoda Karya Gemilang, Subsidiary, PT Tri Daya Investindo, Subsidiary, recorded the difference in its ownership of (Rp 11,919,482,202) as other equity components. 15

1. INFORMASI UMUM (Lanjutan) d. Entitas Anak (Lanjutan) PT Artoda Karya Gemilang (Lanjutan) Berdasarkan Akta No. 33 tanggal 27 Desember 2017 yang dibuat dihadapan Notaris Edi Priyono, SH, PT Grha Swahita, Entitas Anak, melakukan penyertaan saham dalam PT Artoda Karya Gemilang, Entitas Anak, sebanyak 72.350 saham dengan nilai perolehan sebesar Rp 72.350.000.000 atau sebesar 27,02% kepemilikan saham. PT Canggu Suite Condotel Berdasarkan Akta Risalah Rapat Umum Pemegang Saham Luar Biasa PT Canggu Suite Condotel No. 221 tanggal 24 Desember 2014 yang dibuat dihadapan Notaris Suwarni Sukiman, SH, PT Studio One melakukan penambahan penyertaan saham dalam PT Canggu Suite Condotel yang berasal dari konversi piutang sebesar Rp 2.250.000.000, sehingga total penyertaan saham PT Studio One menjadi sebesar Rp 2.475.000.000 atau 75,00% dari seluruh saham yang telah ditempatkan. PT Putra Asih Laksana Berdasarkan Akta Jual Beli Saham No. 3 tanggal 5 Agustus 2015 yang dibuat dihadapan Notaris Edi Priyono, SH, Perusahaan membeli 55,00% saham PT Putra Asih Laksana dari PT Mandiri Mega Jaya dengan harga perolehan sebesar Rp 223.066.800.000 atau setara dengan Rp 104.800 per saham, yang telah disetujui dalam Rapat Umum Pemegang Saham PT Putra Asih Laksana berdasarkan Akta RUPS No. 2 tanggal 5 Agustus 2015, yang dibuat dihadapan Notaris Edi Priyono, SH. 1. GENERAL INFORMATION (Continued) d. Subsidiaries (Continued) PT Artoda Karya Gemilang (Continued) Based on Notarial Deed No. 33 dated December 27, 2017 of Edi Priyono, SH, PT Grha Swahita, Subsidiary, invested in 72,350 shares of PT Artoda Karya Gemilang, Subsidiary, with an acquisition cost of Rp 72,350,000,000 or a 27.02% ownership. PT Canggu Suite Condotel Based on Deed of Minutes of Extraordinary Shareholders Meeting of PT Canggu Suite Condotel No. 221 dated December 24, 2014 of Notary Suwarni Sukiman, SH, PT Studio One, made additional shares in PT Canggu Suite Condotel from the conversion of receivables amounting to Rp 2,250,000,000, increasing the total investment in shares of PT Studio One torp 2,475,000,000 or 75.00% of all issued shares. PT Putra Asih Laksana Based on Sale and Purchase Deed No. 3 dated August 5, 2015 of Public Notary Edi Priyono, SH, the Company purchased 55.00% shares of PT Putra Asih Laksana from PT Mandiri Mega Jaya with at Rp 223,066,800,000 or equivalent to Rp 104,800 per share, which has been approved in the General Meeting of Shareholders of PT Putra Asih Laksana based on Deed No. 2 dated August 5, 2015 of Public Notary Edi Priyono, SH. 16

1. INFORMASI UMUM (Lanjutan) d. Entitas Anak (Lanjutan) PT Putra Asih Laksana (Lanjutan) PT Putra Asih Laksana menandatangani perjanjian kerjasama dengan PT Citra Mitra Puspita (Ciputra Grup) dan mendirikan JO Citra Maja Raya 2 dalam rangka mengembangkan lahan yang terletak di Desa Maja, Pasir Kembang, Curug Badak, Mekarsari dan Cipining Kecamatan Maja, Kabupaten Lebak Propinsi Banten seluas 438 Ha untuk dikembangkan menjadi kawasan hunian dengan nama Proyek Citra Maja Raya 2. PT Asri Kencana Gemilang (AKG) Berdasarkan Akta Jual Beli No. 24 tanggal 11 Desember 2015 yang dibuat dihadapan Notaris Edi Priyono, SH, PT Tri Daya Investindo, Entitas Anak, melakukan pembelian saham milik Tuan Risming Andyanto di Entitas Anak, PT Asri Kencana Gemilang, sebanyak 1 saham dengan nilai sebesar Rp 1.000.000, atau memiliki kepemilikan dengan persentase 0,001%. Berdasarkan Akta Berita Acara Rapat PT Asri Kencana Gemilang No. 43 tanggal 28 Desember 2016, yang dibuat di hadapan Notaris Edi Priyono, SH, Perusahaan melakukan penyetoran modal tambahan dalam PT Asri Kencana Gemilang sebesar Rp 16.000.000.000, sehingga modal disetor Perusahaan menjadi Rp 40.999.000.000. PT Tri Daya Investindo (Tridaya) Berdasarkan Akta Berita Acara Rapat No. 11 tanggal 7 Desember 2015, yang dibuat dihadapan Notaris Edi Priyono SH, Perusahaan melakukan peningkatan kepemilikan dengan membeli seluruh saham PT Wahana Mutiara Pratama yaitu sebanyak 20.800 saham dan 1.199 saham milik Maria sedangkan 1 saham lainnya dibeli oleh PT BIP Lokakencana, Entitas Anak, sehingga kepemilikan saham Perusahaan pada Tridaya menjadi sebesar 99,99%. 1. GENERAL INFORMATION (Continued) d. Subsidiaries (Continued) PT Putra Asih Laksana (Continued) PT Putra Asih Laksana signed a cooperation agreement with PT Citra Mitra Puspita (Ciputra Group) and established the JO Citra Maja Raya 2 in order to develop land located in Maja, Pasir Kembang, Curug Badak, Mekarsari and Cipining Villages, Maja District, Lebak Regency, Banten Province, covering an area of 438 Ha to be developed into residential areas under the name Citra Maja Raya 2. PT Asri Kencana Gemilang (AKG) Based on Sale and Purchase Deed No. 24 dated December 11, 2015 of Notary Edi Priyono SH, PT Tri Daya Investindo, a Subsidiary, purchased 1 share of Mr. Risming Andyanto in a Subsidiary, PT Asri Kencana Gemilang, amounting to Rp 1,000,000, or with an ownership of 0.001%. Based on Notarial Deed of Minutes of Meeting PT Asri Kencana Gemilang No. 43 dated December 28, 2016 of Notary Edi Priyono, SH, the Company made additional paid-in capital in PT Asri Kencana Gemilang amounting to Rp 16,000,000,000, increasing in the Company s paid-in capital to Rp 40,999,000,000. PT Tri Daya Investindo (Tridaya) Based on Notarial Deed of Minutes of Meeting No. 11 dated December 7, 2015 of Notary Edi Priyono SH, the Company purchased all of Tridaya s 20,800 shares from PT Wahana Mutiara Pratama and 1,199 shares from Maria, while one share was purchased by PT BIP Lokakencana, a Subsidiary, thus, the ownership of the Company to Tridaya became 99.99%. 17