AALI - Annual Report - 2020

2020 Annual Report - PT Astra Agro Lestari Tbk 1
2 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

M e m baw a laju o rg a n isa s i dal am s i tuas i per ubahan yang
b e g i t u cepa t , men u n t u t k el i nc ahan dal am ber ger ak dan
b e r i n ov asi t a n p a men g u rangi k ons i s tens i dal am m ener apk an
n i l a i da n p rin sip . A st ra A gro ak an ter us ber us aha m em ber i k an
y a n g t erb a ik kep a d a selur uh stakeholder , untuk m as a k i ni
d a n m en da t an g . S e j ah t e ra b er sa ma b a ng sa .
B r i n g in g t h e pa ce o f the or gani z ati on to a s i tuati on

t h a t ch an g es so f ast , r equi r e agi l i ty i n m ovi ng and
in n o v at in g w it h o u t redu cing c ons i s tenc y i n appl yi ng val ues
a n d prin ciples. A st ra A gro wi l l c onti nue to pr ovi de the bes t
f o r a l l st akeh o ld ers, f o r t h e pr es ent and the futur e. Sejahtera
bersama bangsa.

DAFTAR ISI
C on t en t s
Pr aw ac an a Kr onologi P e ne r bitan Saham 61

Pr ef ac e C hr onology of Stoc k L is ting
Da f t ar I s i 4 Kr onologi P e ne r bitan dan/atau 61
C on t e n t s P e nc atatan E f e k L ainnya
C hr onology of Othe r L is ting Se c ur itie s
01 IKHTISAR KINERJA UTAMA

Performance Highlights
E ntitas A nak 6 2
Subs idiar ie s
Str uk tur G r up P e r us ahaan 64
I kh t i s ar Ki n e r j a K e ua ng a n 8 C ompany G r oup Str uc tur e
F i n an c i al Per f o r m a nce Hig hlig ht s L e mbaga dan P r of e s i P e nunjang P as ar M od al 6 5
I kh t i s ar Ki n e r j a S a ha m 10 C apital M ar k e t Suppor ting Ins titutions
Sto c k Per f o r m an c e Hig hlig ht s and P r of e s s ionals
I kh t i s ar Ki n e r j a O p e r a s iona l 11 P e nghar gaan 2020 6 6
Oper at i o n al P e r for m a nce Hig hlig ht s Awar ds 2020
Pe r i s t i w a P e n t i ng 2020 13 Inf or mas i pada Situs We b P e r us ahaan 67
Eve n t H i gh l i gh t s 2020 Inf or mation on C ompany' s We bs ite
02 LAPORAN MANAJEMEN 04 ANALISIS DAN

Management Report PEMBAHASAN MANAJEMEN
Management Discussion and
La po r an De w an K om is a r is 17 Analysis
B o ar d o f Co m m i s s ione r ' s R e p or t
La po r an Di r e k s i 24
B o ar d o f Di r e c t o r ' s R e p or t Tinjauan Indus tr i 7 0
Pe r n yat aan Tan g g ung J a w a b La p or a n 30 Indus tr y R e vie w
Ta h u n an 2 0 2 0 ole h D ir e k s i d a n Tinjauan Ope r as ional 7 1
De w an Ko m i s ar is Ope r ational R e vie w
Stat e m e n t o f Re s p ons ib ilit y of 2020 Tinjauan Fungs i P e nduk ung 77
A n n u al Repo r t b y t he B oa r d of D ir e c t or s a nd R e vie w of Suppor ting Func tions
B o ar d o f Co m m i s s ione r s Tinjauan Ke uangan 7 8
Financ ial R e vie w
03 PROFIL PERUSAHAAN
Company Profile
L apor an L aba R ugi 7 8
P r of it and L os s State me nt
L apor an P os is i Ke uangan 79
Pr o f i l Per u s ah aa n 34 State me nt Financ ial P os ition
C om pan y Pr o f i l e A r us Kas 8 0
Pr o f i l S i n gk at PT Ast r a Ag r o Le st a r i T b k 35 C as h Flow
PT A s t r a A gr o L e s t a r i T b k B r ie f P r ofile Utang dan Str uk tur M odal 80
B i dan g U s ah a 37 De bts and C apital Str uc tur e
Lin e o f B u s i n e s s Ke bijak an Divide n dan Divide n pe r Saham 8 0
Jej ak L an gk ah 38 Divide nds P olic y and C as h Divide nds pe r
M i l e s t o n es Shar e
A r e a Oper as i o n a l 40 Ik atan M ate r ial untuk Inve s tas i 80
Oper at i o n al A r e a Bar ang M odal
Vi s i , Mi s i , dan B ud a y a K e r ja P e r usa ha a n 42 M ate r ial C ommitme nt f or C apital
Vi s i o n , Mi s s i o n , a nd C or p or a t e C ult ur e G oods Inve s tme nt
Str u k t u r Or gan i s a s i 45 Inve s tas i Bar ang M odal 80
Or gan i z at i o n al S t r uct ur e C apital G oods Inve s tme nt
Pr o f i l D e w an Kom isa r is 46 P r os pe k dan R e nc ana Str ate gis 2021 81
B o ar d o f Co m m i s s ione r ' s P r ofile P r os pe c ts and Str ate gic P lans f or 2021
Pr o f i l D i r e k s i 52 Tar ge t 2021 8 1
B o ar d o f Di r e c t o r ' s P r ofile 2021 Tar ge ts
Sum ber Daya M a nus ia 56 Inf or mas i M e nge nai Inve s tas i 82
Hum an R e s o u r ce s Inf or mation on Inve s tme nt
Ko m po s i s i P e m e g a ng S a ha m 60 P e r ubahan Ke bijak an A k untans i 82
Shar e h o l der s Co m p osit ion C hange s In A c c ounting P olic y

05 TATA KELOLA PERUSAHAAN
Good Corporate Governance
06 TANGGUNG JAWAB
SOSIAL PERUSAHAAN
Corporate Social Responsibility
Pr i n s i p-pr i n s i p Ta t a K e lola P e r usa ha a n 88
Goo d Co r po r at e G ov e r na nce P r inc ip le s Tanggung Jawab Sos ial Bidang lingk ungan 13 0
Self-Assessment P e ne r a p a n G C G 2020 89 Soc ial R e s pons ibility in E nvir onme nt
G CG Pr ac t i c e s S e lf- As s e ss m e nt 2020 Tanggung Jawab Sos ial Bidang E k onomi 13 3
Pen i l ai an P e ne r a p a n GC G unt uk 89 Soc ial R e s pons ibility in E c onomy
Tah u n B u k u 2020 d a n 2021 Tanggung Jawab Sos ial Bidang Ke s e hatan 13 5
Me as u r em en t of G C G Im p le m e nt a t ion Soc ial R e s pons ibility in H e althc ar e
o n 2 0 2 0 an d 2021 Tanggung Jawab Sos ial Bidang P e ndidik an 13 6
Rapat U m u m Pe m e g a ng S a ha m 90 Soc ial R e s pons ibility in E duc ation
Ge n e r al M e e t i n g of S ha r e hold e r s
De w an Ko m i s ar is 94
B o ar d o f Co m m i s s ione r s
07 LAPORAN KEUANGAN
Dir e k s i 97
KONSOLIDASI
B o ar d o f Di r e c t o r s Consolidated Financial Statements
Ke bi j ak an R e m une r a s i D e w a n K om is a r is 100
dan D i r e k s i
Po l i c y o f Rem u ne r a t ion of t he B oa r d of
C om m i s s i o n er s a nd D ir e ct or s
Ko m i t e -Ko m i t e D i B a w a h D e w a n K om isa r is 102
C om m i t t e e s U n d e r t he B oa r d
Of Co m m i s s i o n e r s
Ko m i t e A u di t 102
A u di t Co m m i t t e e
Ko m i t e N o m ina s i d a n R e m une r a s i 110
N o m i n at i o n a nd R e m une r a t ion C om m it t e e
Se k r et ar i s P e r u sa ha a n 114
C or po r at e S ec r e t a r y
Divi s i A u di t I n t e r na l 116
I n t e r n al A u di t Div is ion
A u di t E k s t e r n al 120
Ex t e r n al A u di t
Pe r k ar a H u k u m 120
Le gal Cas e
A k s es I n f o r m as i d a n D a t a P e r us a ha a n 120
A c c es s t o Co m p a ny ' s Infor m a t ion a nd D a t a
Ko de E t i k dan B u d a y a P e r usa ha a n 122
C ode o f Co n du ct a nd C or p or a t e C ult ur e
Sis t e m P e l apo r a n P e la ng g a r a n 123
W h i s t l e bl o w i n g S y s t e m
Pe n er apan Pedo m a n Ta t a K e lola 124
Pe r u s ah aan Te r b uka
GC G I m pl e m e n t a t ion

Agility in
Efficiency
and Productivity
01
IKHTISAR KINERJA UTAMA
Performance Highlights

| Ikhtisar Kinerja Utama |
IKHTISAR KINERJA KEUANGAN

FINANCIAL PERFORMANCE HIGHLIGHTS
Angka pada seluruh tabel dan grafik menggunakan notasi Numeric notations in all tables and graphs are in Indonesian
Indonesia dan dinyatakan dalam jutaan Rupiah, kecuali format and expressed in million Rupiah, unless otherwise
dinyatakan lain. stated.
Keterangan 2020 2019 2018 Description
Hasil-hasil Operasional Operational Results

Pendapatan Bersih 18.807.043 17.452.736 19.084.387 Net Revenue
Laba Bruto 2.962.891 2.144.506 3.539.506 Gross Profit
Laba Tahun Berjalan 893.779 243.629 1.520.723 Profit for the Year
Laba yang dapat diatribusikan kepada: Profit attributable to:
Pemilik Perusahaan 833.090 211.117 1.438.511 Owners of the Company
Kepentingan nonpengendali 60.689 32.512 82.212 Non-controlling interests
Total comprehensive
Total laba/(rugi) komprehensif 467.253 (5.223) 1.672.016 income/(loss)
Total laba/(rugi) komprehensif yang dapat Total comprehensive
diatribusikan kepada: income/(loss) attributable to:
Pemilik Perusahaan 406.486 (37.346) 1.589.141 Owners of the Company
Kepentingan nonpengendali 60.767 32.123 82.875 Non-controlling interests
Laba per Saham (Rupiah penuh) 432,84 109,69 747,40 Earning per Share (full amount)
Total Aset 27.781.231 26.974.124 26.856.967 Total Assets
Total Liabilitas 8.533.437 7.995.597 7.382.445 Total Liabilities
Total Ekuitas 19.247.794 18.978.527 19.474.522 Total Equity
Rasio Laba terhadap Total Aset 3,22% 0,90% 5,66% Return on Assets
Rasio Laba terhadap Ekuitas 4,64% 1,28% 7,81% Return on Equity
Rasio Laba terhadap Pendapatan 4,75% 1,40% 7,97% Profit Margin
Rasio Laba Bruto terhadap Pendapatan 15,75% 12,29% 18,55% Gross Profit Margin
Rasio Lancar 331,26% 285,43% 146,29% Current Ratio
Rasio Liabilitas terhadap Ekuitas 44,33% 42,13% 37,91% Liabilities to Equity Ratio
Rasio Liabilitas terhadap Total Aset 30,72% 29,64% 27,49% Liabilities to Assets Ratio

| Performance Highlights |
Pendapatan Bersih (Rp miliar) Laba Bruto (Rp miliar) Laba Bersih* (Rp miliar)
Net Revenue (Rp billion) Gross Profit (Rp billion) Net Profit* (Rp billion)
* Laba yang dapat diatribusikan kepada Pemilik Perusahaan
Profit attributable to Owners of the Company
19.084,4 17.452,7 18.807,0 3.539,5 2.144,5 2.962,8 1.438,5 211,1 833,1
2018 2019 2020 2018 2019 2020 2018 2019 2020
Total Aset (Rp miliar) Total Ekuitas (Rp miliar) Laba per Saham (Rp penuh)
Total Assets (Rp billion) Total Equity (Rp billion) Earning per Share (Rp Full amount)
26.857,0 26.974,1 27.781,2 19.474,5 18.978,5 19.247,8 747,4 109,7 432,8
2018 2019 2020 2018 2019 2020 2018 2019 2020
Komposisi Penjualan Berdasarkan Jenis Produk (Rp triliun)

Sales Composition Based on Type of Product (Rp trillion)
91,3% 2019 8,7 % 92,4% 2020 7,6 %

17,45 18,81
Minyak Sawit dan turunannya Inti Sawit dan turunannya dan lainnya
CPO and its derivatives Kernel and its derivatives and others

IKHTISAR KINERJA SAHAM

STOCK PERFORMANCE HIGHLIGHTS
Harga Penutupan dan Volume 2019-2020 Closing
Perdagangan Saham 2019-2020 Share Price and Trading Volume
Harga dan Volume Perdagangan Saham 2019-2020 2019–2020 Share Price and Trading Volume
14,400 11,200 11,225 55,902,768

12,500 10,000 10,400 44,517,883
11,400 9,500 10,775 69,962,505
14,675 10,150 14,575 66,351,437
14,675 9,500 14,575 236,734,593
14,100 4,290 5,400 87,758,247
8,900 5,275 8,225 169,731,176
11,375 8,325 10,175 171,336,758
12,325 10,350 12,325 174,559,357
14,100 4,290 12,325 603,385,538
Kapitalisasi Pasar Market Capitalization

per 31 Desember 2019 dan 2020 (Rp triliun) 31 December 2019 and 2020 (Rp trillion)
28,05 23,72
2019 2020

IKHTISAR KINERJA OPERASIONAL

OPERATIONAL PERFORMANCE HIGHLIGHTS
Keterangan 2020 2019 2018 Description

Lahan Sawit Tertanam (Ha): Oil Palm Planted Area (Ha):
Lahan Inti 215.375 217.328 218.469 Nucleus Area
Menghasilkan 194.691 198.715 203.131 Mature
Belum Menghasilkan 20.684 18.613 15.338 Immature
Lahan Plasma 72.229 69.549 66.556 Plasma Area
Belum Menghasilkan - - 162 Immature
Total Lahan Tertanam 287.604 286.877 285.025 Total Planted Area
Belum Menghasilkan 20.684 18.613 15.500 Immature
Distribusi Lahan Sawit Palm Planted
Oil PalmArea Distribution
Planted Area (Ha):
Tertanam (Ha): Distribution (Ha):
Sumatra 104.432 104.258 104.593 Sumatra

Kalimantan 131.528 131.370 129.812 Kalimantan
Sulawesi 51.644 51.249 50.620 Sulawesi
Profil Umur Tanaman Sawit (Ha): Age Profile of Oil Palm Plantation (Ha):
Belum Menghasilkan (< 4 Tahun) 20.684 18.613 15.500 Immature (< 4 Years)
Menghasilkan: Mature:
Tanaman Produktif (4 - 15 Tahun) 131.178 132.669 130.452 Productive Age (4 - 15 Years)
Tanaman Tua (> 15 Tahun) 2
135.742 135.595 139.073 Old Age (> 15 Years)
Umur Rata-rata 15,5 15,0 15,3 Average Age
Ikhtisar Produksi TBS (Ton): FFB Production Highlight (Tons):
Total Produksi TBS 4.632.751 5.020.208 5.756.410 Total FFB Production
TBS Inti 3.623.005 3.990.863 4.417.770 Nucleus FFB
TBS Plasma 1.009.746 1.029.345 1.338.640 Plasma FFB
Total TBS Olah 7.239.754 8.203.227 9.565.298 Total FFB Processed
Ikhtisar Produksi Sawit Olahan (Ton): Palm Oil Processed Highlight (Tons):
Minyak Sawit 1.429.053 1.653.596 1.936.509 CPO
RBDPO 59.382 66.604 163.427 RBDPO
Olein 372.480
0 400.344 327.619 Olein
Stearin 92.854 101.668 84.146 Stearin
PFAD 22.674 27.953 30.176 PFAD
Kernel 302.629 346.365 420.949 Kernel
Minyak Inti Sawit 46.661 41.868 32.292 Palm Kernel Oil
Palm Kernel Expeller 60.091 53.204 41.519 Palm Kernel Expeller
Yield TBS-Ton/Ha 17,36 18,71 21,36 FFB Yield - Tons/ha
Yield TBS Inti 18,61 20,08 21,75 FFB Yield Nucleus
Yield CPO-Ton/Ha 3,43 3,77 4,32 CPO Yield - Tons/Ha
Rendemen Minyak Sawit 19,74% 20,16% 20,25% CPO Extraction Rate
Rendemen Inti Sawit 4,18% 4,22% 4,40% Kernel Extraction Rate
Rendemen Minyak Inti Sawit 41,47% 41,82% 41,47% PKO Extraction Rate
Rendemen PKE 53,40% 53,14% 53,32% PKE Extraction Rate

Produksi TBS (ribu ton) Produksi CPO (ribu ton) Produksi Kernel (ribu ton)
FFB Production (thousand tons) CPO Production (thousand tons) Kernel Production (thousand tons)
5.756,4 5.020,2 4.632,8 1.936,5 1.653,6 1.429,1 420,9 346,4 302,6
2018 2019 2020 2018 2019 2020 2018 2019 2020
Volume Penjualan Minyak Sawit dan Turunannya (ribu ton) Rata-Rata Harga Jual Minyak Sawit (Rp/kg)
CPO and its Derivatives Sales Volume (thousand tons) Average CPO Selling Price (Rp/kg)
2.266,7 2.345,0 2.026,2 7.275 6.689 8.545
2018 2019 2020 2018 2019 2020
Sumatra Kalimantan Sulawesi
95.684 91,6% 124.403 94,6% 46.833 90,7% 266.920 92,8%

8.748 8,4% 7.125 5,4% 4.811 9,3% 20.684 7,2%
104.432 100% 131.528 100% 51.644 100% 287.604
36,3% 45,7% 18,0%

PERISTIWA PENTING 2020

EVENT HIGHLIGHTS 2020
Januari | January April | April April | April
Kick Off Meeting dan Alexa Awards Rapat Umum Pemegang Saham Public Expose 2020
Kick Off Meeting and Alexa Awards Public Expose 2020
Tahunan (RUPST) 2020
Annual General Meeting of Shareholders (AGMS) 2020
PT Astra Agro Lestari Tbk menyelenggarakan PT Astra Agro Lestari Tbk menyelenggarakan PT Astra Agro Lestari Tbk pada tanggal
Kick Off Meeting di Ballroom Kantor Pusat RUPST pada tanggal 10 Juni 2020 di Catur 26 Agustus 2020 menyelenggarakan Public
Jakarta pada tanggal 14 Januari 2020. Dan Dharma Hall Menara Astra, Jakarta. Hasil Expose yang merupakan salah satu bentuk
menyelenggarakan Alexa Awards pada dari RUPST tersebut antara lain menyetujui transparansi informasi PT Astra Agro Lestari
tanggal 14 Januari 2020 di di Ballroom Kantor pembagian dividen tunai dan pergantian Tbk kepada seluruh masyarakat khususnya
Pusat Jakarta. sebagian susunan Dewan Komisaris. para investor publik.
On 14 January 2020, PT Astra Agro Lestari PT Astra Agro Lestari Tbk convened its AGMS at On 26 August 2020, PT Astra Agro Lestari Tbk
Tbk held a Kick off Meeting at the Head Catur Dharma Hall Menara Astra, Jakarta on held a Public Expose which is the Company’s
Office Ballroom, Jakarta. And held an Alexa 10 Juni 2020. The results of the AGMS included form of transparency of information to the
Awards on 14 January 2020 at the Head Office approving cash dividend and changing some public and especially to its public investors.
Ballroom, Jakarta. the Board of Commisioner.
Oktober | October Oktober | October
Hari Ulang Tahun Astra Agro 32 Tahun InnovAgro XIX

Astra Agro 32st Anniversary InnovAgro XVIII
PT Astra Agro Lestari Tbk memperingati Dalam rangka menunjang proses kerja
hari jadi ke-32, acara diselenggarakan di yang excellence, PT Astra Agro Lestari Tbk
Ballroom Kantor Pusat Jakarta pada tanggal mendorong setiap karyawan untuk terlibat
9 Oktober 2020 secara live streaming. dalam inovasi yang dirangkai dalam sebuah
event tahunan yang bernama “InnovAgro”
pada tanggal 9 Oktober 2020 secara live
streaming. InnovAgro terbagi menjadi
beberapa kategori : Value Chain Improvement
(VCI), Business Process Improvement (BPI),
Quality Control Project (QCP), Quality Control
Circle (QCC), dan Suggestion System (SS).
PT Astra Agro Lestari Tbk commemorated In support of the excellence working process,
the 32st anniversary, the event held by live the Company encourages each employee to
streaming at the Head Office Ballroom, Jakarta be involved in innovation. These innovations
on 9 October 2020. are presented in an annual event called
“InnovAgro” by live streaming on 9 October
2020. InnovAgro is presented in several
categories: Value Chain Improvement (VCI),
Business Process Improvement (BPI), Quality
Control Project (QCP), Quality Control Circle
(QCC), and Suggestion System (SS).

Commitment
in Achieving
Excellence
Performance
02
LAPORAN MANAJEMEN
Management Report

| Laporan Manajemen |
CHIEW SIN CHEOK

Presiden Komisaris/President Commissioner

| Management Reports |
LAPORAN DEWAN KOMISARIS

BOARD OF COMMISSIONERS REPORT
K e ti dakpasti a n p e re konomian global yang

d i aki b atka n o l eh pe nye baran Covid- 1 9
t el ah memb er i kan be rbagai tantangan
k e pada Per ser o an se lama tahun 2020.
Ter l ep as d ar i tantangan te rse but, D e wan
K o mi sar i s per ca y a bahwa P e rse roan dapat
b e rkemban g d al am jangka panjang de ngan
b e rb agai i n o v asi dan strate gi yang te rus
a k a n d i i mpl emen tasikan.
The uncertainty in the global economy caused by the
spread of Covid-19 presented various challenges to
the Company during 2020. Notwithstanding these
challenges, the Board of Commissioners believes
that the Company c an grow over the longer term
through various innovations and strategies that
continue to be implemented.

Para Pemegang Saham yang Terhormat, Dear Shareholders,
Ta h u n 2 0 2 0 , p e r e k onom ia n g lob a l d i landa In 2020, the global e c onomy was plague d with
be r bagai k e t id a k p a s t ia n y a ng m e r u pak an muc h unc e r tainty ar is ing f r om the C ov id-19
dam pak dar i p a nd e m i C ov id - 1 9. S a m a s e pe r ti pande mic . Similar to many othe r c ountries,
n egar a l ai n , Pe m e r int a h Ind one sia m e ne rapk an the Indone s ian G ove r nme nt imple men ted
be r bagai pem b a t a s a n b is nis d a n s os ia l untuk var ious bus ine s s and s oc ial r e s tr ic tions to tr y to
m e n gan t i s i pas i p e ny e b a r a n v ir us C ov id-19. c ontain the s pr e ad of the C ovid-19 vir us . T h ese
Ha l t er s ebu t m e m b e r ik a n p e ng a r uh t e r hadap c ontainme nt me as ur e s had an adve r s e impact
pe r ek o n o m i an Ind one s ia y a ng kont r a k s i s e be s ar on the Indone s ian e c onomy, whic h c ontr ac ted by
2 , 19 % di t ah un 2020, d ib a nd ing k a n d e ngan 2.19% in 2020, c ompar e d with a gr owth of 4 .9 6 %
pe r t u m bu h an s e b e sa r 4, 96% d i t a hun 201 9. in 2019.
Pada t ah u n 2 0 2 0 jug a t e r ja d i p e nur una n p r o duk s i 2020 als o s aw a de c line in the pr oduc tion of Fru it
Ta n dan B u ah Se g a r (T B S ) se b a g a i d a m p a k dar i Fr e s h Bunc he s (FFB) whic h was c aus e d by th e
m u s i m k em ar au p a nja ng d i t a hun 201 9, d imana long-te r m dr ought in 2019, whic h pus he d av erage
m e n do r o n g h a r g a r a t a - r a t a Crude Palm Oil C r ude P alm Oil (C P O) pr ic e s highe r in 2020. Despite
( CPO) m e n j adi le b ih t ing g i p a d a t a hun 2020. the ove r all downtur n in the e c onomy, this CPO
Wal au pu n per e k onom ia n m e ng a la m i p e nurunan, pr ic e inc r e as e e ve ntually s us taine d the f inan cial
ken ai k an h ar ga C P O m e nop a ng k ine r ja ke ua ngan pe r f or manc e of palm oil plantation c ompan ies,
pe r u s ah aan pe r ke b una n k e la p a s a w it t e r mas uk inc luding that of A s tr a A gr o L e s tar i.
A s t r a A gr o L es t a r i.
Di bu l an De s em b e r 2020, ha r g a C P O m e n c apai De c e mbe r 2020 s aw C P O pr ic e s r e ac h the y ear ’s

l eve l t e r t i n ggi d i U S D 959 p e r t on. N a mun, high of USD 959 pe r ton. H owe ve r, pr ic e s were
h ar ga CPO c u k up b e r fluk t ua s i, d im a na har ga f air ly volatile dur ing the ye ar, f or e xample, th e
t e r en dah m e n c a p a i p a d a le v e l U S D 531 p e r ton ye ar ’s low of USD 531 pe r ton in M ay, as s ev eral
pada M e i yan g d is e b a b ka n ole h lockdown di e xpor t de s tination c ountr ie s imple men ted
be be r apa n egar a t ujua n e ks p or, s e hing g a te r jadi loc k downs at the time c aus ing an ove r all declin e
pe n u r u n an per m int a a n t e r ha d a p k om od it a s C P O. in C P O de mand. A c c or ding to the A s s oc iatio n o f
Se c ar a n as i o n a l, G a b ung a n P e ng usa ha Ke lapa Indone s ian P alm Oil P r oduc e r s , Indone s ian palm
Sa w i t I n do n e s i a (G AP K I) m e ng um um k a n b ahwa oil e xpor ts de c line d by 9.1% in 2020 c ompar ed with
di t ah u n 2 0 2 0 e k s p or m iny a k s a w it Ind one s ia the pr e vious ye ar. For tunate ly, dome s tic deman d
m e n gal am i pe nur una n se b e s a r 9, 1 % d i tahun f or palm oil in Indone s ia r e maine d r e lative ly stable
2 0 2 0 di ban di n g k a n t a hun s e b e lum ny a . N amun, due to the imple me ntation of the mandator y B3 0
pe r m i n t aan m i n y a k sa w it d i p a s a r d om e st ik r e latif biodie s e l pr ogr am whic h mandate d the us e o f a
st abi l k ar e n a p e la ks a na a n p r og r a m m a ndator i 30% biodie s e l mix in 2020.
B 3 0 bau r an 3 0 % b iod ie se l d i t a hun 2020.
Kinerja Operasional dan Keuangan Operational and Financial Perfor mance
Pada ak h i r 2 0 20, t ot a l a r e a l p e r k e b una n ke lapa By the e nd of 2020, the oil palm plantatio n s
saw i t t e r t an am y a ng d ike lola P e r se r oa n se c ar a manage d dir e c tly and indir e c tly by the C ompan y
l an gs u n g m aup un t id a k la ng sung m e n c apai r e ac he d a total of 287.6 thous and he c tares o f
sebes ar 2 8 7 , 6 r ib u he k t a r t e r d ir i d a r i p e r k e b unan plante d ar e a, c ompr is ing 215.4 thous and he ctares
i n t i s ebes ar 2 15, 4 r ib u he kt a r d a n p e r ke b unan of nuc le us plantations and 72.2 thous and he ctares
pl as m a m au pun K K PA (K r e d it K op e r a s i Pr ime r of plas ma and KKPA (Kredit Koperasi Primer
A n ggo t a) yan g m e r up a k a n b e nt uk d a r i k e r ja s ama Anggota) plantations . The C ompany will c on tin u e
de n gan m as yar a k a t se b e s a r 7 2, 2 r ib u he k tar. to f oc us on inte ns if ying the us e of land th ro u gh
Pe r s e r o an ak an t e r us fokus p a d a int e nsif ik as i var ious pr oduc tivity impr ove me nt pr ogr ams , in lin e
l ah an m e l al u i b e r b a g a i p r og r a m p e ning k atan with the G ove r nme nt mor ator ium on the is s uan ce
pr o du k t i vi t as s e ja la n d e ng a n k e b ijak an of ne w palm oil plantation pe r mits (thr ough th e
Pe m e r i n t ah yang m e m b e r la kuk a n m or a tor ium P r e s ide ntial Dir e c tive N umbe r 8 of 2018 on th e
i zi n pe r k e bu n an sa w it (Inp r e s N om or 8 Tahun M or ator ium and E valuation of the L ic e ns in g o f
2 0 18 pada P e nund a a n d a n E v a lua si P e r iz inan P alm Oil P lantations ).
Pe r k e bu n an Kel a p a S a w it ).

Ke m ar au pan j a ng y a ng t e r ja d i p a d a t a hun 2019 The long-te r m dr ought in 2019 c aus e d a 7 .7 %

m e n gak i bat k an p r od uks i T B S d a r i p e r ke b unan de c line in the C ompany’s FFB pr oduc tion f r o m its
i n t i dan pl as m a P e r se r oa n t ur un se b e s a r 7,7% nuc le us and plas ma plantations f r om 5.02 millio n
dar i 5 , 0 2 j u t a t on p a d a t a hun 201 9 m e nja di 4,63 tons in 2019 to 4.63 million tons in 2020. FFB
j u t a t o n pada t a hun 2020. S e la in it u, p e m b e lian pur c has e d f r om thir d par tie s als o de c r e as ed by
TBS dar i pi h ak k e t ig a ik ut m e ng a la m i p e nur unan 18.1% f r om 3.18 million tons in 2019 to 2.61 millio n
sebes ar 18 , 1% d a r i 3, 1 8 jut a t on p a d a tahun tons in 2020. The de c r e as e in FFB pr oductio n
2 0 19 m e n j adi 2 , 61 jut a t on p a d a t a hun 2020. and pur c has e s impac te d C P O pr oduc tion, wh ich
Pe n u r u n an pr o d uk s i d a n p e m b e lia n T B S b e rimbas de c r e as e d by 13.6% f r om 1.65 million tons in 2 0 19
pada pen u r u n an p r od uks i C P O se b e s a r 1 3, 6% dar i to 1.43 million tons in 2020.
1, 6 5 j u t a t o n pa d a t a hun 201 9 m e nja d i 1 , 43 juta
t o n pada t ah u n 2020.
Ha r ga j u al r at a- r a t a C P O int e r na t iona l na ik 26,3% Ave r age C P O pr ic e s on the inte r national m arket

menjadi USD 715/Ton di tahun 2020 dari USD 566/Ton inc r e as e d 26.3% to U SD 715/ton in 2020 f r om USD
di t ah u n 2 0 19 da n b e r d a m p a k p a d a m e ning k atnya 566/ton in 2019. C ons e que ntly, the C omp an y ’s
h ar ga j u al CPO P e r s e r oa n s e b e s a r 27 , 8% m enjadi ave r age C P O s e lling pr ic e s als o inc r e as ed, by
Rp 8 . 5 4 5 / Kg di t a hun 2020 d a r i R p 6. 689/Kg di 27.8% to R p 8,545/k g in 2020 f r om R p 6,689/kg in
t ah u n 2 0 19 . Ken a ika n t e r se b ut m e m b a w a d ampak 2019. This pr ic e inc r e as e had a ve r y pos itive impact
ya n g s an gat p os it if p a d a t ot a l p e nd a patan on the C ompany’s r e ve nue as we ll as pr of ita bility.
ser t a pr o f i t ab ilit a s P e r s e r oa n. P e nd a patan The C ompany’s r e ve nue inc r e as e d 7.8% fro m
Pe r s e r o an m e ng a la m i k e na ika n se b e s a r 7,8% R p 17.45 tr illion in 2019 to R p 18.81 tr illion in 2 0 2 0 .
dar i Rp 17 , 4 5 tr iliun p a d a t a hun 201 9 m enjadi The C ompany’s ope r ating pr of it inc r e as e d 9 1.8 %
Rp 18 , 8 1 t r i l i u n p a d a t a hun 2020. La b a op e r a s ional f r om R p 960 billion in 2019 to R p 1.84 tr illio n in
Pe r s e r o an m e ng a la m i k e na ika n s e b e s a r 91,8% 2020. Ove r all, the C ompany was able to repo rt
dar i Rp 9 6 0 m i l ia r p a d a t a hun 201 9 m e nja di R p an inc r e as e in ne t inc ome f r om R p 211.1 billio n in
1, 8 4 t r i l i u n pada t a hun 2020. S e c a r a k e se luruhan, 2019 to R p 833.1 billion in 2020.
Pe r s e r o an dapa t m e nca t a t ke na ika n la b a be r s ih
dar i R p 2 11, 1 m ilia r p a d a t a hun 201 9 m e nja di R p
8 3 3 , 1 m i l i ar pad a t a hun 2020.
De w an Ko m i s ar is m e m b e r ik a n a p r e sia s i k e pada The Boar d of C ommis s ione r s would like to

m an aj e m e n da n se lur uh k a r y a w a n P e r se r oan e xpr e s s its appr e c iation to the manage me nt an d
ya n g t e l ah m e ne r a p ka n p r ot ok ol k e se hatan all e mploye e s f or imple me nting pr ope r health
u n t u k m en gan tisip a s ik a n p e ny e b a r a n C ovid-19 pr otoc ols to antic ipate the s pr e ad of the C ov id-19
di s e l u r u h ar e a ke r ja P e r se r oa n b a ik d i k antor vir us at all the C ompany’s wor k plac e s , both at
pu s at m au pu n d i a r e a l p e r ke b una n. P e la k s anaan the he ad of f ic e and plantation ar e as . The strict
pr o t o k o l k e s eh a t a n d e ng a n k e t a t m e m ung kink an imple me ntation of he alth pr otoc ols e nabled th e
kegi at an o per as iona l P e r s e r oa n d a p a t b er jalan C ompany to pe r f or m its ope r ational ac tiv ities
de n gan normal s e p a nja ng t a hun d engan thr oughout the ye ar with minimal dis r uption .
gan ggu an yan g m inim a l.
Tugas Pengawasan Supervisory Function
Dewan Komisaris menjalankan tugas dan tanggung The Boar d of C ommis s ione r s has the r e s ponsibility
j aw ab t e r h ada p p e ng a w a sa n a t a s ke b ijak an of ove r s e e ing the polic ie s is s ue d by the C ompan y
Dir e k s i Per s er o a n. S e p a nja ng t a hun 2020, D e wan Boar d of Dir e c tor s . Thr oughout 2020, the Board o f
Ko m i s ar i s t e l ah m e la ks a na k a n e na m p e r t emuan C ommis s ione r s he ld s ix vir tual and/or in-perso n
sec ar a l an gs u n g m a up un v ir t ua l y a ng d ihadir i me e tings , atte nde d by the Boar d of Dir e c tor s an d/
Dir e k s i dan / at a u k om it e a ud it . D a la m p e r t emuan or the A udit C ommitte e . Dur ing the me e ting s, th e
t e r s e bu t , De w an K om is a r is m e m b e r ika n a r ahan Boar d of C ommis s ione r s pr ovide d guidanc e an d
ser t a m as u k an t e r ka it k e b ija ka n y a ng d i ambil input r e lating to polic ie s is s ue d by the Board o f
o l e h D i r e k s i , me ng e v a lua si k ine r ja P e r se r oan, Dir e c tor s , made e valuations on the C omp an y ’s
m e n el aah r en c a na ke r ja , s e r t a a g e nd a - a ge nda pe r f or manc e , r e vie we d the wor k plans and o th er
l ai n n ya. age ndas .

De w an Ko m i s a r is jug a m e m a st ik a n bahwa The Boar d of C ommis s ione r s als o e ns ur e d th at

m an aj e m e n P e r se r oa n t e la h m e la k s a nak an the C ompany manage me nt pr ope r ly imple men ted
o per as i o n al pe r us a ha a n s e sua i d e ng a n p r ins ip- G ood C or por ate G ove r nanc e pr inc iple s c ov erin g
pr i n s i p Tat a Ke l o la P e r usa ha a n y a ng B a ik m eliputi tr ans par e nc y, ac c ountability, r e s pons ibility,
pr i n s i p t r an s pa r a nsi, a kunt a b ilit a s , t a ng gung inde pe nde nc e and f air ne s s , in c omplianc e with
j aw ab, k e m an d ir ia n d a n k e w a ja r a n d e ng a n baik r e gulations is s ue d by the G ove r nme nt.
ses u ai den gan p e r a t ur a n y a ng t e la h d it e tapk an
o l e h Pem er i n t ah.
Perubahan Anggota Dewan Komisaris Changes in the Members of the Board of

Commissioner
Pada t ah u n 2 0 2 0, t e r d a p a t p e r ub a ha n k ompos is i In 2020, there was a change in the composition of
De w an Ko m i s ar is y a ng t e la h d ise t ujui ole h R apat the Board of Commissioners which was approved by
Umu m Pem egan g S a ha m Ta huna n (R U P S T ) yang the Annual General Meeting of Shareholders (AGMS)
di s e l en ggar ak an p a d a 1 0 J uni 2020. S us unan held on 10 June 2020. The composition of the Board
De w an Ko m i s ar is y a ng sud a h d i s e t ujui pada of Commissioners approved at that AGMS was as
RU P S T s ebagai b e r ikut : follows:
Nama | Name Jabatan | Position

Chiew Sin Cheok Presiden Komisaris | President Commissioner
Johannes Loman Komisaris | Commissioner
Angky Utarya Tisnadisastra* Komisaris Independen* | Independent Commissioner*
Sidharta Utama Komisaris Independen | Independent Commissioner
Ari Dono Sukmanto Komisaris Independen | Independent Commissioner
*Bapak Angky Utar ya Tisnadisastra meninggal dunia pada *Mr. Angky Utar ya Tisnadisastra passed away on 21 September
tanggal 21 September 2020 di Jakarta. 2020 in Jakarta.
De n gan du k a ya ng m e nd a la m a t a s b e r p ula ngnya On the e xtr e me ly s ad pas s ing of M r. A ngk y Utar y a

B apak A n gk y U t a r y a Tis na d is a s t r a , P e r se r oan Tis nadis as tr a, the C ompany would lik e to e x press
m e n yam pai k an r a sa t e r im a k a s ih y a ng se b e s ar- its de e pe s t appr e c iation f or his inval u able
be s ar n ya at as k ont r ib usi b e lia u se la m a m e njabat c ontr ibution dur ing his te r m of of f ic e on the Bo ard
sebagai De w an K om isa r is . of C ommis s ione r s .
Kebijakan Keberlanjutan Sustainability Policy

Ke bi j ak an Ke be r la njut a n P e r s e r oa n b e r tujuan The C ompany’s Sus tainability P olic y aims to
u n t u k m e m be r i k a n d a m p a k p osit if b a g i m a s y a r ak at pr ovide a pos itive impac t to the s ur r oun din g
sek i t ar, l i n gk ung a n m a up un ke b e r la njutan c ommunitie s , the e nvir onme nt and the C ompan y ’s
u s ah a P e r s e r o a n d e ng a n m e ng hor m a t i hak s us tainable bus ine s s , by r e s pe c ting bas ic h u man
as as i m an u s i a, p e r lind ung a n hut a n d a n l ahan, r ights , pr ote c ting f or e s ts and land, c r e ating d ecen t
m e n c i pt ak an kond is i k e r ja y a ng la y a k s e r ta wor k ing c onditions and e ns ur ing s e c ur ity an d
m e m as t i k an k o nd is i y a ng a m a n d a n s t a b il bagi s tability f or all e mploye e s , to c r e ate a har mo n io u s
sel u r u h k ar yawa n, s e hing g a t e r c ip t a s uas ana balanc e be twe e n the C ompany' s e mploye e s an d
h ar m o n i s an t ar a ka r y a w a n P e r s e r oa n d engan the s ur r ounding c ommunitie s . The c onsisten t
m as yar ak at s e k it a r. P e la ks a na a n K e b ijak an imple me ntation of the Sus tainability P olic y wi ll add
Ke be r l an j u t an y a ng k ons is t e n d a p a t m e mbuat to the C ompany’s gr owth and s uppor t its e f f o rts in
Pe r s e r o an t u m b uh d a n b e r kont r ib us i ke pada s tr iving to ac hie ve a s us tainable Indone s ian palm
u paya m en c apa i ind ust r i ke la p a s a w it Ind o ne s ia oil indus tr y.
ya n g ber k el an j ut a n.
Dewan Komisaris terus memastikan bahwa The Boar d of C ommis s ione r s c ontinuous ly e n su res
perkebunan kelapa sawit yang dikelola oleh that the palm oil plantations manage d by th e
Perseroan telah sesuai dan memenuhi kriteria C ompany f ulf ill and c omply with the c riteria
seperti diatur di dalam Indonesian Sustainable of Indone s ian Sus tainable P alm Oil (ISP O) an d
Palm Oil (ISPO), serta terus berusaha memperoleh
s tr ive s to obtain f ull c e r tif ic ation f or all s ubsidiar y
sertifikasi tersebut untuk seluruh anak perusahaan
c ompanie s .
Perseroan.

Da l am k ebi j ak a n b e r k e la njut a n, P e r se r oan The C ompany c ons is te ntly imple me nt its

sec ar a konsisten m e la ks a na k a n k omitme n c ommitme nt to Sus tainability P olic y by pr acticin g
" no deforestation, peatland, and exploitation" “ no de f or e s tation, pe atland, and e xploitatio n ”
(NDPE). P e r s e r oa n m e ng e lua r k a n k e b ijak an (N DP E ). The C ompany’s N DP E Sus taina bility
keber l an j u t an N D P E y a ng b e r la k u s e ja k S e p t embe r P olic y has be e n in e f f e c t s inc e Se pte mbe r 2 0 15
2 0 15 dan m en e k a nk a n p a d a k om it m e n tidak and e mphas iz e s the c ommitme nt to r e f r ain fro m
ada pr ak t i k d e for e st a s i, m e ne r a p ka n pr ak tik de f or e s tation, imple me nt s us tainable pr a ctices
be r k e l an j u t an d a la m t a t a k e lola la ha n g ambut, in pe atland manage me nt, pr e ve nt land f ir e s, an d
pe n c e gah an k e b a ka r a n la ha n, s e r t a m e ng hor mati r e s pe c t human r ights .
h ak as as i m an usia .
Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility (CSR)

Pe r s e r o an m en e r a p k a n e m p a t p ila r Ta nggung The f our pillar s of C or por ate Soc ial R e s ponsibility
Jaw ab S o s i al P e r us a ha a n y a ng t e r d ir i dar i (C SR ) imple me nte d by the C ompany c ove r e c o n o my,
ek o n o m i , pe n di d ika n, ling k ung a n d a n k e se h atan. e duc ation, e nvir onme nt, and he althc ar e. In
Da l am bi dan g e konom i, P e r s e r oa n b e r f ok us the ar e a of e c onomy, the C ompany f oc us es o n
kepada t i ga h a l, y a it u ke m it r a a n d a la m b e ntuk thr e e ar e as , name ly par tne r s hip in the f o rm o f
pe m be l i an TB S d a r i p e r k e b una n m ilik m a s y a r ak at, FFB pur c has e d f r om c ommunity s har e ho lder
ker j as am a dal a m b e nt uk p la s m a /K K PA dan plantations , c ollabor ation in the f or m of plasm a/
pr o gr am pe n i ng k a t a n p e nd a p a t a n m a sy a r ak at KKPA and c ommunity e c onomic e mpowermen t
at au Income Generating Activity (IG A). pr ogr ams or Inc ome G e ne r ating A c tivitie s (IGA).
Se c ar a s pes i f i k , d a la m b id a ng e konom i, total Spe c if ic ally, in the ar e a of e c onomy, oil palm

ar eal per k ebu na n k e la p a s a w it d i Ind one s ia plantations in Indone s ia c ove r a total of 16 .3
sebes ar 16 , 3 j u t a he kt a r d im a na se kit a r 43% atau million he c tar e s , 43% or almos t 7 million he ctares
h am pi r 7 j u t a h e kt a r m e r up a k a n p e r ke b una n milik of whic h ar e c ommunity s mallholde r plantatio n s.
m as yar ak at . H a l t e r se b ut m e nd or ong P e r se r oan This has e nc our age d the C ompany to intr odu ce
u n t u k m e l ak u k a n p r og r a m ke m it r a a n d alam par tne r s hip pr ogr ams to pur c has e FFB f r om th e
pe m be l i an bu a h m a sy a r a ka t y a ng b e r tujuan c ommunity s mallholde r s , whic h aim to im pro v e
u n t u k m e n i n gk a t k a n p e r e k onom ia n m a s y a r a k at di the e c onomic we lf ar e of the c ommunitie s in areas
sek i t ar ar ea per ke b una n ke la p a sa w it P e r s e r oan. s ur r ounding the C ompany' s plantations .
Da l am bi dan g p e nd id ika n, P e r s e r oa n te lah In the ar e a of e duc ation, the C ompany builds an d

m e n gel o l a s ek ola h Ta m a n K a na k- K a na k (TK), manage s Kinde r gar te ns , E le me ntar y Sc hools, an d
Se k o l ah Das ar ( S D ) d a n S e k ola h M e ne ng a h P er tama Junior H igh Sc hools , all unde r the A s tr a A gr o Lestari
( S M P ) di baw ah Ya y a s a n Ast r a Ag r o Le st a r i. Se lain Foundation. It als o s uppor ts the impr ove men t o f
i t u , Per s er o an jug a m e nd uk ung p e ning k atk an the e duc ational f ac ilitie s and inf r as tr uc tu re o f
sar an a dan pr a s a r a na p e nd id ik a n unt uk se k olah G ove r nme nt-owne d s c hools loc ate d in the areas
m i l i k pe m e r i n t a h d i a r e a se kit a r p e r ke b unan ar ound the C ompany’s plantations and pr o v ides
Pe r s e r o an m au p un m e m b e r ika n p e la t iha n untuk tr aining to the te ac he r s . The C ompany also
pe n gaj ar. Per s e r oa n jug a m e ny e d ia ka n b e as is wa pr ovide s s c holar s hips f or s tude nts to e nable th em
bagi s i s w a/ s i s w i b e r p r e s t a s i unt uk m e la n jutk an to c ontinue the ir e duc ation thr ough to university.
pe n di di k an s am p a i p e r g ur ua n t ing g i.
Da l am bi dan g k e se ha t a n, P e r se r oa n m e ng hadir- In the ar e a of he althc ar e , the C ompany h as

kan P o s pe l ayana n k e se ha t a n t e r p a d u (P osyandu) e s tablis he d inte gr ate d he alth c ar e c en ters
dan Po l i k l i n i k pe r ke b una n (P olib un) unt uk m e layani (Posyandu) and at-plantation polyc linic s (Polibun)
kar yaw an s e r t a t e r b uka unt uk m a sy a r a kat di to s e r ve e mploye e s , but whic h ar e als o op en to
sek i t ar ar e a pe r ke b una n P e r se r oa n. P a d a tahun the c ommunitie s living ar ound the plan tatio n
2 0 2 0 , pr o gr am k e se ha t a n P e r s e r oa n te lah ar e as . In 2020, the C ompany he althc ar e pr o gram
m e m ban t u m as y a r a k a t se kit a r m a up un ka r y awan as s is te d the e mploye e s and the s ur r ou n din g
Pe r s e r o an dala m m e ng a nt isip a s i p e nular an c ommunitie s in antic ipating the C ovid-19 pandemic
C ovi d-19 den ga n m e ne r a p ka n social distancing by imple me nting s oc ial dis tanc ing pr actices,
ser t a m em ber i k a n m a s k e r, hand sanitizer dan inc luding f unding the pr ovis ion of mas k s , h an d
sabu n s e h i n gg a d a p a t m e nja g a ke se hatan s anitiz e r s , and s oap to maintain the we ll-bein g o f
kar yaw an m au p un m a s y a r a ka t s e kit a r. both e mploye e s and the s ur r ounding c ommun ities.

Dal am bi dan g ling kung a n, P e r se r oa n te r us In the ar e a of e nvir onme ntal c ons e r vation, th e
m e n gel o l a ar e a l kons e r v a si se ca r a khus us C ompany c ontinuous ly manage s c ons e r vatio n
se h i n gga t e t ap m e nja g a k e a ne k a r a g a m a n hayati ar e as to pr e s e r ve the biodive r s ity in its plantatio n
d i ar eal pe r k e buna n k e la p a sa w it P e r s e r oa n . ar e as .
Peluang dan Tantangan Industri Sawit Opportunities and Challenges of the Palm
Tahun 2021 Oil Industry in 2021
Selama tahun 2020, pandemi Covid-19 dan tindakan During most of 2020, the Covid-19 pandemic and measures
penanganannya membuat perekonomian global to contain it caused significant economic challenges and
menghadapi berbagai tantangan serta dilanda much uncertainty on a global scale. However, the increasing
ketidakpastian. Namun, distribusi vaksin Covid-19 secara availability of various Covid-19 vaccines should give the world
bertahap akan memberikan harapan kepada dunia atas some hope for economic recovery although the timing and
pemulihan perekonomian global, walaupun waktu dan extent of recovery in 2021 will remain difficult to predict.
tingkat pemulihan pada tahun 2021 akan sulit untuk di
prediksi.
Di Indonesia, pelaksanaan kebijakan mandatori biodiesel In Indonesia, the implementation of the policy on the mandatory
dengan bauran 30% (B30) dan komitmen Pemerintah use of 30% biodiesel mix (B30) and the Government’s general
terhadap program biodiesel diharapkan memberikan commitment toward biodiesel is expected to boost demand
pengaruh positif untuk menopang permintaan maupun for palm oil and help support CPO prices.
menjaga harga minyak sawit.
Tantangan utama yang sedang dihadapi oleh pelaku A major challenge faced by the palm oil sector is the ongoing
usaha sawit berupa maraknya kampanye negatif terhadap negative campaigns against palm oil products internationally.
produk minyak kelapa sawit secara internasional. Saat ini Currently, palm oil business operators in Indonesia are
pelaku usaha sawit di Indonesia terus bekerjasama dengan working closely with the Government to try to address these
Pemerintah untuk mengatasi tekanan-tekanan tersebut. issues.
Dewan Komisaris optimis bahwa melalui berbagai The Board of Commissioners is optimistic that the various
inovasi dan strategi di bawah arahan Direksi seperti innovations and strategies under the direction of the Board
inisiatif Perseroan menuju operational excellence dengan of Directors, such as the Company’s Toward Operational
memanfaatkan teknologi digital untuk meningkatkan proses Excellence initiatives, which include utilizing digital technology
kerja serta kendali dari panen, pengangkutan hingga to improve work process and control from harvesting,
pengolahan pabrik, program replanting, pelaksanaan riset transport up to mill processing, replanting programs,
untuk mendorong produktivitas, program kemitraan dan research and development aimed at improving productivity,
penggunaan teknologi pada proses bisnis serta mekanisme partnership programs, use of technology in the business
pembelian dan penjualan CPO untuk membantu Perseroan processes and mechanisms in purchasing and selling CPO,
dapat berkembang kedepannya. will support the Company’s growth into the future.
Demikian Laporan Dewan Komisaris untuk tahun 2020. This concludes the Board of Commissioners’ report for 2020.
Kami atas nama Dewan Komisaris menyampaikan apresiasi On behalf of the Board of Commissioners, I would like to
kepada Direksi dan seluruh karyawan Perseroan atas kerja express our greatest appreciation to the Board of Directors
keras, kontribusi, dan dedikasinya sehingga Perseroan tetap and all employees of the Company for their hard work,
bisa mencapai kinerja yang sangat baik di tengah situasi contribution and dedication which has enabled the Company
yang cukup berat untuk Perseroan di tahun 2020 ini. to maintain its excellent performance amidst extremely
challenging conditions throughout 2020.
Atas Nama Dewan Komisaris On be half of the Boar d of C ommis s ione r s
PT Astra Agro Lestari Tbk
CHIEW SIN CHEOK

Presiden Komisaris
President Commissioner

HALAMAN INI SENGAJA DIKOSONGKAN

THIS PAGE IS INTENTIONALLY LEFT BANK

LAPORAN DIREKSI
BOARD OF DIRECTOR'S REPORT
Da l am men g h adapi ke tidakpastian kondisi

p asa r ko mo di tas yang be rf luktuasi,
Per ser o a n akan te rus me njalankan aktif itas
o per a si o n al maupun pe nge mbangan
u s ah a seca r a hati- hati se rta diharapkan
d ap at cep at beradaptasi dalam be rbagai
k o n di si y an g di tuangkan dalam te ma be sar
“ Memp er tah an kan Ke le nturan” ( “Enduring
Agility” ). Mempertahankan kelenturan dapat
t er ca pai den g an me manf aatkan inovasi-
i n ov asi bar u menggunakan te knologi digital
d i semu a p r o ses ke rja utama P e rse roan.
In facing of uncertainties of fluctuating commodity
market conditions, the Company will continue
to operate and de velop the business prudently
as well as expected to rapidly adapt to var ying
environmental conditions as outlined in the theme
(“Enduring Agility”). Enduring agility may only be
achieved by utilizing the innovations using digital
technology in ever y aspect of the Company major
work.

SANTOSA
Presiden Direktur/President Director

Para Pemangku Kepentingan Yang Terhormat, Dear Stakeholders,
Tahun 2020 yang lalu akan menjadi tahun tak terlupakan The whole world will remember 2020 as the
bagi siapa pun di dunia. Kita semua membuka tahun most unforgettable year. This year began with an
2020 dengan kejadian yang tak terduga sebelumnya. unexpected event that no one can ever imagine.
Dimulai di China, situasi pandemi akibat virus SARS- Started in China, a pandemic situation caused
2 Covid-19 mulai melanda seluruh dunia tidak by the SARS-2 Covid-19 virus swept over the
terkecuali di Indonesia. Kondisi pandemi secara
entire world, and Indonesia was no exception.
meluas di seluruh dunia telah menghancurkan
ekonomi dunia, tidak tekecuali pasar minyak nabati The pandemic crashed the global economy without
di dunia. Tidak hanya permintaan atas minyak nabati exception, including the global vegetable oil market.
dunia yang turun drastis, pembatasan pergerakan Not only did a drastic global declined in the demand for
yang dilakukan di hampir semua bidang dan vegetable oil, but the restrictions in movement which
lokasi juga menimbulkan sumbatan-sumbatan di were imposed on almost all aspects and locations
berbagai jalur distribusi baik lokal maupun global. created bottlenecks in various channels of distribution,
Akibat kondisi pandemi ini maka perekonomian both locally and globally. The pandemic gave rise to a
dunia maupun Indonesia mengalami kontraksi sharp economic contraction throughout the world,
yang sangat dalam sehingga mengalami resesi. including Indonesia, causing a recession. The world
Perekonomian dunia mengalami kontraksi sebesar
economy contracted by 4.4% while Indonesia saw a
4,4% dan perekonomian Indonesia mengalami
kontraksi sebesar 2,2% sepanjang tahun 2020 lalu. contraction of 2.2% throughout 2020.
PT Astra Agro Lestari Tbk (“Perseroan”) pun tidak PT Astra Agro Lestari Tbk (“Company”) was no exception
terlepas dari situasi operasional yang sulit akibat to the difficult situation caused by the pandemic.
pandemi ini. Beruntung bahwa di akhir tahun 2019, Fortunately, by the end of 2019, before the spread
tepat sebelum tidak terkendalinya perkembangan of SARS-2 Covid-19 spiraled uncontrollably, Crude
paparan SARS-2 Covid-19, harga Crude Palm Oil Palm Oil (CPO) price on the world market skyrocketed
(“CPO”), produk utama Perseroan, sempat meningkat to a high of USD 774 per ton CIF Rotterdam and The
sangat tinggi, mencapai USD 774 per ton CIF Rotterdam
Company decided to enter a hedging transaction
dan Perseroan memutuskan untuk melakukan
transaksi lindung harga melalui perdagangan masa through futures trading on the Malaysian Derivatives
depan (“Future Trade”) melalui bursa komoditas di Exchange (MDEX) for the first quarter production of the
MDEX Malaysia untuk produksi kebun inti kuartal nucleus plantations. However, the pandemic situation
pertama. Namun, dampak pandemi yang menekan that put heavy pressure on many commodity prices in
harga berbagai komoditas perdagangan di pasar the world market also affected CPO. Up to the end of the
dunia juga berimbas pada CPO. Sampai dengan second quarter of 2020, CPO price on the international
akhir kuartal ke dua tahun 2020 harga CPO di pasar market were under severe pressure caused by both a
dunia mengalami tekanan yang sangat berat akibat decline in demand and logistical obstructions in several
berkurangnya permintaan maupun hambatan logistik export destination countries as well as domestically.
di berbagai negara tujuan ekspor maupun di dalam
negeri.
Komitmen Pemerintah Indonesia untuk tetap The commitment of the Indonesian Government to
menjalankan kebijakan program bauran energi pursue the implementation of its policy on energy mix
melalui program B30 memberikan stabilitas tingkat through the B30 program succeeded in stabilizing the
permintaan atas CPO sebagai bahan dasar bahan demand level for CPO as the raw material for domestic
bakar nabati di dalam negeri sehingga di kuartal vegetable oil fuel, also the CPO price was rising during
terakhir tahun lalu harga CPO mengalami kenaikan the last quarter of the year as the economic started
dengan mulai bergeraknya ekonomi di negara-
to recover in major export destination countries
negara tujuan ekspor utama CPO seperti India
dan China. Di tengah ketidakpastian ekonomi dan such as India and China. Amidst the economic
mengantisipasi fluktuasi harga CPO yang sangat uncertainty and in anticipation of fluctuations in CPO
labil maka Perseroan memutuskan melanjutkan price which are quite unstable, the Company decided
kebijakan lindung harga untuk produksi kebun to continue its hedging policy of the nucleus plantation
inti melalui perdagangan masa depan di bursa products through futures trading on the commodity
komoditas di akhir kuartal ketiga tahun lalu. exchange at the end of the third quarter of last year.
Namun, Perseroan telah menghentikan kebijakan ini However, by the end of the fourth quarter, the
di akhir kuartal empat tahun lalu setelah Pemerintah Company discontinued this policy following the issue
mengeluarkan kebijakan baru Pungutan Ekspor secara of a new Government policy imposing a progressive
progresif untuk mendukung program B30 dan mulai
Export Levy to support the domestic B30 program and
berlakunya Bea Keluaran progresif untuk transaksi
ekspor karena harga CPO telah melebihi ambang the application of progressive Export Tax on export
batas harga yang ditetapkan dalam peraturan Bea transactions due to high CPO price which exceeded the
Keluaran ekspor tersebut. Dampak berganda dari price threshold stipulated in the Export Tax regulation.
Pungutan Ekspor dan Bea Keluaran secara progresif The combined effect of the progressive Export Levy
ini menyebabkan potensi tidak berimbangnya antara and Export Tax may potentially cause an imbalance
posisi perdagangan masa depan Perseroan di bursa in the Company’s futures trading position on the
komoditas dan transaksi penjualan fisik produk CPO commodity exchange and the physical transaction
yang dihasilkan oleh kebun inti Perseroan. of CPO sales produced by the nucleus plantations.

Sampai dengan akhir tahun 2020, Perseroan Up to the end of 2020, the Company managed a total of
mengelola kebun kelapa sawit tertanam seluas 287,6 287.6 thousand hectares of planted oil palms plantations,
ribu Ha yang terdiri dari 215,4 ribu Ha kebun inti dan comprising 215.4 thousand hectares of nucleus and 72.2
72,2 ribu Ha kebun Plasma. Sebesar 20,7 ribu Ha dari thousand hectares of plasma plantations. Out of this,
kebun inti Perseroan adalah tanaman yang belum 20.7 thousand hectares of nucleus plantations consist of
menghasilkan. Selain produksi tandan buah segar immature plantations.In addition to the FFB produced by the
(“TBS”) yang dihasilkan dari kebun inti dan plasma yang nucleus and plasma plantations under its management,
dikelola sendiri, Perseroan juga melakukan pembelian the Company also purchased and processed FFB from
dan mengolah TBS dari kebun-kebun masyarakat yang the community’s smallholder plantations found in the
ada di sekitar daerah operasi Perseroan. Total produksi surrounding of its area of operation. In 2020, total volume
CPO yang dihasilkan oleh Perseroan dari produksi of CPO produced by the Company from the FFB produced
TBS kebun inti dan plasma maupun pembelian TBS by its nucleus and plasma plantations combined with
dari pihak ke tiga ini mencapai 1,4 juta ton di tahun purchased from third parties reached 1.4 million tons,
2020, menurun sebesar 13,6% dibandingkan produksi representing a decrease of 13.6% compared to the
tahun sebelumnya. Di samping penurunan produksi production in the previous year. Apart from the declining
TBS kebun inti dan plasma akibat cuaca yang relatif production of FFB from the nucleus and plasma plantations
kering di tahun sebelumnya sehingga produksi TBS caused by the relatively dry weather in the year before
turun sebesar 7,7%, penurunan yang lebih dalam resulting in a reduction of FFB production by 7.7%, the
terjadi dari pembelian TBS pihak ke tiga akibat decline was further aggravated by the decline in FFB
sulitnya pergerakan jalur distribusi sebagai dampak purchased from third parties as a result of the constraints
pembatasan pergerakan guna meminimalisir of movements in the distribution channels which was
meluasnya paparan pandemi virus SARS-2 Covid-19. imposed to minimize the spread of the SARS-2 Covid-19
Pembelian TBS pihak ke tiga mengalami penurunan virus. FFB purchases from third parties declined by 18.1%
sebesar 18,1% dibandingkan tahun sebelumnya. compared to the previous year.
Sepanjang tahun 2020, Perseroan telah membukukan Throughout 2020, the Company recorded a Net
Pendapatan Bersih sebesar Rp 18,81 trilliun, Revenue of Rp 18.81 trillion showing an increase of
meningkat 7,8% dibandingkan tahun sebelumnya. 7.8% compared to the previous year. The increase in
Kenaikan Pendapatan Bersih ini utamanya disebabkan Net Revenue was mainly attributed to the rise in CPO
oleh kenaikan harga CPO menjadi Rp 8.545 per price to Rp 8,545 per kg from Rp 6,689 per kg the
Kg dari tahun sebelumnya sebesar Rp 6.689 per year before. The rise in prices also pushed up the FFB
Kg. Kenaikan harga ini juga mendorong meningkatnya
purchase price from both the plasma plantations and
harga pembelian TBS baik dari kebun plasma maupun
dari pihak ke tiga yang menyebabkan kenaikan Beban from third parties, which in turn increased the Cost of
Pokok Pendapatan menjadi Rp 15,84 triliun, naik Revenue to Rp 15.84 trillion representing an increase of
sebesar 3.5% dari tahun sebelumnya. Perseroan 3.5% from the previous year. The Company recorded
membukukan Laba Bruto sebesar Rp 2,96 trilliun, a Gross Profit of Rp 2.96 trillion, an increase of
meningkat sebesar 38,2% dibandingkan tahun 38.2% compared to the year before. The Company
sebelumnya. Perseroan juga melakukan berbagai also took various measures to improve operational
upaya efisiensi biaya operasional sehingga sampai cost efficiency resulting in Profits at the end of 2020,
akhir tahun 2020 dapat membukukan Laba yang which can be attributed to the Owners of the Company
dapat diatribusikan kepada Pemilik Entitas Induk of Rp 833 billion, an increase of 294.6% compared to
sebesar Rp 833 milyar, meningkat 294,6% dibanding
the year before. An audited Financial Report is attached
tahun sebelumnya. Laporan Keuangan Perseroan yang
telah di audit disertakan sebagai lampiran dalam to this Annual Report for the year 2020.
Laporan Tahunan Perseroan untuk tahun 2020 ini.
Kinerja keuangan yang dicapai Perseroan di tahun 2020 The financial performance achieved in 2020 by the
melebihi rencana anggaran yang direncanakan untuk Company exceeded the planned budget for the current
tahun berjalan walaupun secara operasional, sebagai year, although, from the operational point, not all
dampak dari kondisi sulit akibat pandemi, target-target operational targets have been achieve due to the difficult
operasional tidak seluruhnya bisa direalisasikan. conditions caused about by the pandemic.
Untuk memitigasi meluasnya paparan pandemi di Mitigating measures is taken to prevent the spread of
dalam wilayah operasional Perseroan, telah diambil the pandemic within the Company’s operational areas
kebijakan pembatasan secara ketat atas pergerakan include stringent restriction of movement of workers
pekerja maupun karyawan dalam kebun-kebun and employees within the plantations. The Company
Perseroan. Perseroan juga menerapkan kebijakan also implemented a policy to work from home for
untuk bekerja dari rumah bagi karyawan kantor pusat employees at the head office, including administering
termasuk melakukan tes secara berkala guna periodical tests to detect the spread of the virus among
mendeteksi paparan virus bagi karyawan yang harus the employees who had to perform work at the office or
melakukan pekerjaan di kantor atau memiliki tingkat employees belonging to the high-risk group because the
resiko paparan yang tinggi akibat jenis pekerjaannya type of work required them to interact closely with other
yang mengharuskan interaksi secara intens dengan parties.
pihak lain.

Kondisi pandemi saat ini menjadi ajang pembuktian The current pandemic situation has proven that the
bahwa strategi perseroan dalam mengembangkan Company’s strategy in developing digital technology
teknologi digital beberapa tahun terakhir telah memberikan during the past few years had been successful. Various
hasil yang baik. Berbagai alat kerja berupa aplikasi untuk tools in the form of applications developed to gain more
mengendalikan operasional secara lebih efisien dan efektif efficient and effective operational control have enabled
telah memungkinkan Perseroan tetap dapat beroperasi
the company to continue its operations from central
dengan relatif tanpa terganggu melalui pusat pengendalian
operational control at the head office, relatively without
operasional di kantor pusat. Eksplorasi teknologi juga
kami lakukan dengan memanfaatkan teknologi pesawat interruption. We also conducted technological explorations
tanpa awak untuk melakukan pemantuan daerah potensi using drones to monitor areas that are potential flashpoints
titik api untuk mencegah terjadinya kebakaran yang to prevent widespread wildfires in the areas around the
meluas di wilayah sekitar kebun. Disamping itu, aktifitas plantations. Furthermore, agronomic research and
riset dan pengembangan agronomi juga tetap dilakukan development have been conducted continuously in line
sesuai dengan rencana jangka panjang riset dan with the Company’s long-term agronomic research and
pengembangan agronomi yang dimiliki Perseroan. Di development plans. By the end of 2020, the Company
akhir tahun 2020, Perseroan telah mendapatkan sertifikasi obtained certification for 3 varieties of superior oil
atas 3 varietas unggul bibit kelapa sawit yang dihasilkan dari palm seedlings as the result of the Company’s agronomic
program riset dan pengembangan agronomi Perseroan
research and development program.
Program pengembangan dan pengelolaaan sumber daya The Company also consistently conducted human
manusia juga tetap dilakukan secara konsisten melalui resources development and management through
sarana virtual meeting. Inovasi program komunikasi internal virtual meetings. Internal communication program
memanfaatkan berbagai teknologi digital menjadi prioritas innovations utilizing various digital technologies became
Perseroan sehingga seluruh program kerja dan interaksi the Company’s priority enabling the entire work program
dengan pekerja serta karyawan dapat tetap terselenggara
and interaction with workers and employees to take
dengan meminimalkan interaksi fisik. Komitmen penerapan
place with a minimum of physical interaction. The
protokol kesehatan baik sejak sosialisasi maupun dalam
implementasi terus menerus dilakukan secara berkala commitment to properly implementing health protocols
guna meminimalkan paparan virus dalam operasional since socialization and implementation was carried out
Perseroan. continuously to minimize the exposure to the virus during
the Company’s operations.
Program CSR serta program Keberlanjutan Perseroan CSR and sustainability programs continue to be carried
tetap dilakukan di tengah situasi pandemi ini dengan out in the midst of pandemic situation by adhering strict
tetap memegang teguh protokol kesehatan. Empat health protocols. The four pillars of the Company's CSR
pilar program CSR dan Keberlanjutan Perseroan,
and sustainability programs focus on health, education,
dengan fokus pada kesehatan, pendidikan, ekonomi
community economic empowerment, and environment
kemasyarakatan, dan lingkungan hidup telah dituangkan
dalam program Keberlanjutan jangka panjang. Perseroan have been applied in the long-term Sustainability program.
mulai mentransformasikan program Keberlanjutan ini The Sustainability program has been transformed to
agar ke depan dapat mendukung dan mengacu pada support future Sustainable Development Goals in line
Sustainable Development Goals sesuai standar yang diacu with standards that the Indonesian Government referred
Pemerintah Indonesia. Rencana dan pelaksanaan Program to. The plans and implementation of the Company’s
Keberlanjutan Perseroan dituangkan dan dilaporkan Sustainability Program have been explained and reported
secara lebih rinci dalam Laporan Tahunan Keberlanjutan in detail in the Company’s Annual Sustainability Report.
Perseroan.
Komitmen Perseroan dalam melaksanakan seluruh The Company is committed to implement the entire
kegiatan operasionalnya melalui Tata Kelola Perusahaan operational activities by adhering to the principles of
Yang Baik juga tetap dipegang teguh mengacu pada seluruh Good Corporate Governance in compliance with all
peraturan dan perundangan yang berlaku di Indonesia. prevailing laws and regulations in Indonesia. Aspects
such as Transparency of Information, Accountability,
Aspek-aspek Keterbukaan Informasi, Akuntabilitas,
Independence, and Fairness have been implemented
Kemandirian, maupun Kewajaran dijalankan melalui
through various internal control mechanisms, both
berbagai mekanisme pengendalian internal, baik keuangan
financial and operational. All control mechanisms
maupun operasional. Seluruh mekanisme pengendalian were implemented through virtual meetings, both
diselenggarakan melalui rapat-rapat virtual baik untuk monthly, quarterly monitoring, management meetings,
pemantauan kinerja bulanan, kuartalan, rapat manajemen, meetings of the Board of Directors, as well as
rapat Direksi, maupun rapat dengan Komite Audit, Komite meetings with the Audit Committee, the Nomination &
Nominasi & Remunerasi, dan rapat Dewan Komisaris Remuneration Committee, and meeting of the Board of
termasuk Rapat Umum Pemegang Saham Tahunan. Commissioners, including the Annual General Meeting
of Shareholders.

Memasuki tahun 2021, Perseroan melihat bahwa Entering the year 2021, the Company has yet to
ketidakpastian kondisi pasar komoditas masih akan face the uncertainties of the commodity market
berfluktuasi akibat belum berakhirnya kondisi pandemi fluctuations because of the ongoing pandemic caused
virus SARS-2 Covid-19 ini. Untuk itu, berbagai aktifitas by the SARS-2 Covid-19 virus. Therefore, strict prudence
operasional maupun pengembangan usaha Perseroan had to be applied in conducting various operational
masih akan dilakukan dengan penuh kehati-hatian.
and business development activities. The work plan
Rencana kerja dan anggaran kegiatan tahun 2021
and budget of 2021 had been submitted and approved
telah disampaikan dan disetujui oleh Dewan Komisaris
Perseroan dengan tema besar “Mempertahankan by the Company’s Board of Commissioners with the
Kelenturan” (“Enduring Agility”). Tema besar ini diambil theme “Enduring Agility”. This theme was chosen with
agar seluruh organisasi Perseroan tetap dapat the purpose that the entire Company organization stays
bersatupadu siap menghadapi tantangan ketidakpastian united and ready to face the uncertain challenges in
di tahun 2021. Perseroan diharapkan dapat dengan cepat 2021. The Company is expected to be able to rapidly
beradaptasi apabila kondisi pandemi ini akan berlangsung adapt if the pandemic conditions continue for a
cukup panjang, siap menghadapi kondisi lebih buruk, longer period, ready to face worsening conditions
maupun harus siap dengan cepat menangkap peluang and quickly seize any opportunity if the pandemic
apabila pandemi ini berakhir lebih cepat. Kelenturan ends sooner. This agility may only be achieved if
ini hanya dapat tercapai apabila seluruh insan
all Company employees take advantage of the
Perseroan benar-benar memanfaatkan inovasi-inovasi
innovations by using digital technology in all major
baru menggunakan teknologi digital di semua proses
kerja utama Perseroan. work processes
Secara umum, pelaksanaan program strategis In general, the strategic program “Enduring Agility”
“Mempertahankan Kelenturan” akan dijalankan dengan will be constantly implemented by developing
terus menerus mengembangkan berbagai aplikasi various digital applications supporting Company
digital guna menjalankan operasional Perseroan, operations, exploring new technologies, among
eksplorasi teknologi baru diantaranya pemanfaatan others making use of Data Analytics based on
analisa data (“Data Analytics”) berbasiskan mesin
Machine Learning, and Artificial Intelligence. Besides,
pembelajar (“Mechine Learning”) maupun kecerdasan
the Company will also conduct applied agronomic
buatan (“Artifial Intelligence”). Di samping itu, Perseroan
juga akan tetap menjalankan riset-riset agronomi terapan research to manage and develop future superior
untuk mengelola dan menghasilkan varietas unggul masa variety seedlings to be used in replanting. Through
depan untuk digunakan dalam peremajaan tanaman. its business development team, the Company
Perseroan melalui tim pengembangan usaha juga constantly evaluates business opportunities that may
akan senantiasa mengevaluasi peluang-peluang bisnis be developed and are consistent with its line of
yang memungkinkan untuk dikembangkan Perseroan business, competency, and financial conditions.
sesuai dengan bidang usaha maupun kompetensi dan
kondisi keuangan Perseroan.
Terima kasih yang sebesar-besarnya kami ucapkan We would like to extend our sincere gratitude to all
kepada semua pemangku kepentingan, para stakeholders, shareholders, members of the Board of
pemegang saham, Dewan Komisaris, mitra bisnis, tim Commissioners, business partners, management
manajemen, dan seluruh karyawan atas kepercayaan team, and all employees for their continuing trust
serta dukungannya selama ini sehingga Perseroan in the Company and their support which enabled
tetap bisa menjadi yang terdepan di Indonesia. Kami us to become a leading company in Indonesia. We
berharap dengan program kerja Mempertahankan trust that with our “Enduring Agility” work program in
Kelenturan di tahun 2021 ini, Perseroan akan dapat 2021, the Company will continue becoming the pride
tetap menjadi kebanggaan kita semua, menjalankan of us all and that we continue conducting our
bisnis sesuai visi para pendiri untuk Sejahtera Bersama business following the vision of our founders to Prosper
Bangsa. With The Nation.
At a s N a m a D ir e k s i On be half of the Boar d of Dir e c tor s
PT Astra Agro Lestari Tbk
SANTOSA
Presiden Direktur
President Director

PERNYATAAN TANGGUNG JAWAB

LAPORAN TAHUNAN 2020
OLEH DIREKSI DAN DEWAN KOMISARIS
Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan
PT Astra Agro Lestari Tbk tahun 2020 telah dimuat secara lengkap dan bertanggung jawab penuh atas kebenaran
isi Laporan Tahunan ini.
D i re ks i | Boar d of Di r ec tor s
Santosa
Presiden Direktur
President Director
Joko Supriyono
Wakil Presiden Direktur
Vice President Director
Rujito Purnomo Said Fakhrullazi

Direktur Direktur
Director Director
M. Hadi Sugeng Wahyudiono Nico Tahir Mario C. Surung Gultom

Direktur Direktur Direktur
Director Director Director

STATEMENT OF RESPONSIBILITY
OF 2020 ANNUAL REPORT BY THE BOARD OF
DIRECTORS AND BOARD OF COMMISSIONERS
We are undersigned, hereby declare that all information in the 2020 Annual Report of PT Astra Agro Lestari Tbk
have been presented in their entity, and that we assume full responsibility for the accuracy of the contents of this
Annual Report.
D e w an K om i s a r is | Boar d of Com m i s s i oner s
Chiew Sin Cheok

Presiden Komisaris
Johannes Loman
Komisaris
Commissioner
Sidharta Utama Ari Dono Sukmanto

Komisaris Independen Komisaris Independen
Independent Commissioner Independent Commissioner

Pemanen di PT Gunung Sejahtera Dua Indah.
Harvester at PT Gunung Sejahtera Dua Indah.
Foto/photo : Wahyudi Nugroho-PT Letawa

Digitalization in
Process
Transformation
03
PROFIL PERUSAHAAN
Company Profile

| Profil Perusahaan |
Kantor Pusat PT Astra Agro Lestari Tbk

Head Office of PT Astra Agro Lestari Tbk
Nama dan Domisili Perusahaan PT Astra Agro Lestari Tbk

Company Name and Domicile Berkedudukan di Jakarta | Domiciled in Jakarta
Kegiatan Usaha Berusaha dalam bidang pertanian dan untuk mencapai
Business Activities maksud serta tujuan tersebut, Perseroan melaksanakan dan
menjalankan kegiatan usaha dalam bidang perkebunan dan
agro industri.
To engage in the activity of agriculture and in order to achieve the
purpose and objective, the Company implement and execute its
business activities in plantation and agro industry.
Tanggal Pendirian 3 Oktober 1988
Date of Establishment October 3, 1988
Bursa Saham Bursa Efek Indonesia (BEI)
Stock Exchange Indonesia Stock Exchange (IDX)
Kode Saham AALI
Share Code
Modal Dasar Rp 2 triliun, terdiri dari 4 miliar saham - nominal @Rp 500,00
Authorized Capital Rp 2 trillion, consist of 4 billion shares - par value @Rp 500.00
Kepemilikan PT Astra International Tbk : 79,68%
Ownership Publik | Public : 20,32%
Hubungan Investor Rudy Limardjo
Investor Relations E-mail: investor@astra-agro.co.id
Alamat Perusahaan Jl. Puloayang Raya Blok OR-1 Kawasan Industri Pulogadung
Company's Address Jakarta 13930, Indonesia
Tel.: (62-21) 461-6555
Fax: (62-21) 461-6685, 461-6689
E-mail: investor@astra-agro.co.id
Website: www.astra-agro.co.id

| Company Profile |
PROFIL SINGKAT PT ASTRA AGRO LESTARI Tbk

PT A S T R A A GRO LESTA RI T B K B RIEF PROFI LE
Direksi PT Astra Agro Lestari Tbk

Board of Director PT Astra Agro Lestari Tbk
PT Astra Ag ro Le s t ari T bk at au A s t ra A g r o P T A st r a A g r o L e st a r i T b k o r A st r a A g r o ( “ t h e C o m p a ny” )

( “P erseroan” ) didirik an pada t ahun 1 988 dan be r g e r a k w a s e st a b l i sh e d i n 1 9 8 8 a s a co m p a n y e n g a g e d i n t he
dalam b id ang pe rk e bunan k e lapa s aw it se r t a p a l m o i l a g r i b u si n e ss a n d co n d u ct i n g se v e r a l ot her
m enjalanka n be be rapa k e giat an us aha la i n n y a . b u si n e ss a ct i v i t i e s. T h e Co m p a n y i s a su b si d i a r y of PT
Perseroan mer upak an anak pe rus ahaan dari A st r a I n t e r n a t i o n a l T b k ( “ A st r a ” ) , o n e o f t h e l a r g est a nd
PT Astra Internati onal T bk (“A s t ra”), s alah s at u g r o u p l e a d i n g g r o u p s o f co m p a n i e s i n I n d o n e si a . T h e Com p a ny
u saha terbesa r da n t e rk e muk a di Indone s ia. P e rse r o a n i s a p u b l i c co m p a n y w i t h sh a r e s r e g i st e r e d a n d t r a d ed
tela h menja di p e rus ahaan publik de ngan me n ca t a t o n t h e I n d o n e si a St o ck Exch a n g e ( I DX ) . Cu r r e n t l y, 7 6. 68%
s aha m d i Bur sa E f e k Indone s ia (B E I). Hingga sa a t i n i o f t h e sh a r e s a r e o w n e d b y A st r a , w h i l e t h e r e ma i ni ng
Astra memiliki 79, 68% s aham P e rs e roan de ngan 2 0 , 3 2 % 2 0 . 3 2 % a r e o w n e d b y t h e p u b l i c.
s aha m d imiliki ole h P ublik .
Perseroan melaku k an be rbagai hal dalam me w u j u d ka n Numerous efforts have been made by the Company to realize
m isinya untuk me njadi pe rus ahaan y ang be rk on t r i b u si its mission to become a company that contributes to the
bag i p emb ang unan dan k e s e jaht e raan bangs a, a n t a r a nation’s development and prosperity, such as collaboration
l a in memb ang un k e rjas ama Int i- P las ma dan me m b a n t u with community by establishing Nucleus-Plasma partnerships
pe r ekonomian mas y arak at me lalui pe mbe lian T B S m i l i k and assisting the local economy by purchasing FFB from the
m a syar aka t sekita r. surrounding smallholders’ community.
H ing ga sa at ini, luas are al P e rk e bunan Ke lapa Sa w i t U n t i l n o w, t h e t o t a l p l a n t e d a r e a o f O i l P a l m P l a nt a t i on

tertana m yang d ik e lola P e rs e roan adalah 2 8 7 . 6 0 4 m a n a g e d b y t h e Co m p a n y i s 2 8 7 , 6 0 4 h e ct a r e s s p r ea d
h e kta r ya ng tersebar di P ulau S umat ra, Kalimant a n d a n a cr o ss Su m a t r a , K a l i m a n t a n a n d Su l a w e si . O f t h i s a r ea ,
S ula wesi. Dar i lua s an t e rs e but , 21 5. 375 he k t ar a d a l a h 2 1 5 , 3 7 5 h e ct a r e s a r e N u cl eus plantations and 72,229
pe r kebuna n Inti s e dangk an 72. 229 he k t ar a d a l a h hectares are Plasma plantations.
pe r kebuna n Pla sma.

Perseroan juga memperluas bidang usaha ke industri The Company also expanded its business into the oil palm
hilir sawit dengan pendirian pabrik pengolahan minyak downstream industry by establishing a CPO refinery plant
sawit melalui anak perusahaan PT Tanjung Sarana Lestari through its subsidiary, PT Tanjung Sarana Lestari in 2014
pada tahun 2014 yang berlokasi di Provinsi Sulawesi Barat. located in West Sulawesi Province. The Company established a
Perseroan juga mendirikan pengolahan minyak inti sawit Palm Kernel Oil (PKO) refinery through an additional subsidiary,
(PKO) melalui anak perusahaan PT Tanjung Bina Lestari pada PT Tanjung Bina Lestari in 2017 which also located in West
tahun 2017 yang berlokasi di Sulawesi Barat. Perseroan juga Sulawesi Province. The Company also has a marketing office
memiliki kantor pemasaran di Singapura dengan nama in Singapore under the name of Astra-KLK Pte. Ltd which is
Astra-KLK Pte. Ltd yang merupakan ventura bersama antara a joint venture between the Company and Kuala Lumpur
Perseroan dengan Kuala Lumpur Kepong Plantation Holdings Kepong Plantation Holdings Sdn, Bhd.
Sdn, Bhd.
Selain itu, Perseroan memperluas bidang usaha dengan In addition, the Company expanded its business line by
Pabrik Pencampuran Pupuk NPK. Pengoperasian pabrik setting up two Fertilizer Blending Plants producing NPK. The
pencampuran pupuk NPK Perseroan dijalankan melalui anak NPK Fertilizer Blending Plants are operated by PT Cipta Agro
perusahaan PT Cipta Agro Nusantara pada tahun 2016 yang Nusantara in Central Sulawesi, established in 2016, and
berlokasi di Sulawesi Tengah dan anak perusahaan PT Bhadra PT Bhadra Cemerlang in Central Kalimantan, established in
Cemerlang pada tahun 2017 yang berlokasi di Kalimantan 2017. Both companies are the Company's subsidiaries.
Tengah.
Menghadapi tantangan di masa mendatang, Perseroan In facing future challenges, the Company employs business
menggunakan strategi usaha yang bertujuan untuk strategies aimed at improving its efficiency by utilizing
meningkatkan efisiensi melalui penerapan teknologi, analisis technology, analyzing process to achieve consistency, and
proses dalam mencapai konsistensi, serta menghilangkan reducing inefficiencies throughout the Company.
hal-hal yang tidak bermanfaat bagi perseroan.
Area Pembibitan di PT Gunung Sejahtera Ibu Pertiwi, Kalimantan Tengah.

Nursery Area at PT Gunung Sejahtera Ibu Pertiwi, Central Kalimantan

| Company Profile |
BIDANG USAHA
L I NE O F B U S IN ESS
Bidang usaha yang dijalankan berdasarkan Pasal 3 Anggaran Line of business according to Article 3 of the Company's
Dasar Perseroan adalah : Articles of Association:

1. Maksud dan tujuan perseroan ialah berusaha dalam 1. This company’s purpose and objective are to undertake
bidang pertanian, perternakan, perdagangan, industri business in agriculture, animal husbandry, trading,
pengolahan (agro industri), pengangkutan, jasa (aktivitas processing industry (agro industry), transportation,
profesional ilmiah dan teknis). services (scientific and technical professional activities).
2. Untuk mencapai maksud dan tujuan tersebut di atas 2. To achieve the above purpose and objective, the Company
Perseroan dapat melaksanakan kegiatan usaha sebagai may perform the following businesses:
berikut :
a. Pertanian dan Perternakan : a. Agriculture and Animal Husbandry :
• Perkebunan Buah Kelapa Sawit; • Plantation of Oil Palm Fruit;
• Pembibitan dan Budidaya Sapi Potong; • Beef Cattle Breeding and Farming;
b. Perdagangan : b. Trading :
• Perdagangan Besar Buah Yang Mengandung • Large Trading of Oil-Contained Fruits;
Minyak;
• Perdagangan Besar Minyak dan Lemak Nabati; • Large Trading of Vegetable Oil and Fat;
c. Industri pengolahan (Agro Industri) : c. Processing Industry (Agro Industry) :
• Industri Minyak Mentah Kelapa Sawit (Crude • Palm Crude Oil Industry;
Palm Oil) ;
• Industri Minyak Goreng Kelapa Sawit; • Palm Cooking Oil Industry;
• Industri Pupuk Buatan Campuran Hara Makro • Macro Primary Nutrient-mixed Fertilizer Industry
Primer;
d. Pengangkutan: d. Transportation :
• Angkutan bermotor untuk barang umum; • Motorized transportation for general goods;
• Angkutan bermotor untuk barang khusus; • Motorized transportation for special goods;
e. Jasa (aktivitas profesional, ilmiah dan tekhnis) : e. Services (professional, scientific and technical
activities) :
• Aktivitas Konsultasi Manajemen lainnya
• Other activities of Management Consultation.

JEJAK LANGKAH
MIL E S T O N E S

| Company Profile |
Penajam Paser Utara,

Kalimantan Timur.
Penajam Paser utara

East Kalimantan.
2019

AREA OPERASIONAL
O P E R AT I O N A L A REA
Aceh
East
Kalimantan
KALIMANTAN
Riau
Jambi
SUMATRA
Central
Kalimantan
South
Kalimantan
Perkebunan Pabrik Penyulingan Pabrik

Plantation Mill Reﬁnery Pencampuran
Pupuk NPK
NPK Blending Plants

| Company Profile |
West Sulawesi
Central
Sulawesi
SULAWESI
Sulawesi
18,0%
17.9%
Sumatra
36.3%
Kalimantan
45.8%
45,7%
Persentase per Area per 31 Desember 2020

Percentage by Area as of 31 December 2020

VISI, MISI, DAN BUDAYA KERJA PERUSAHAAN

V I S I O N , M IS SIO N , A N D C ORPO RATE CULTURE
Visi
Menjadi Per u s ah aan A g rob i s n i s y a ng p a l i n g P ro d u k t i f d a n
p a lin g In o vati f di D u n ia.
Vision
To b e th e m o s t Pr o du c ti ve a nd I nn o v a t i v e Ag ri b a s e d C om p a n y
in the Wo r ld.
Misi
Menjadi Pan u tan dan B e rk on t ri b us i un t uk P e m b a ng u n a n
serta Kes ejah ter aan B an g s a .
Mission
To be th e Ro le M o del a n d C on t ri b ut e s t o t h e N a t i on ’s
Deve l o pm en t an d Pr o s p e ri t y.

| Company Profile |
Budaya Kerja Per usahaan

Sa p ta B u daya
B ud a ya K er j a PT A s tr a A gr o L e s t a ri T b k m e rup a k a n ni l a i -
nila i ya n g diper c aya o leh Pe ru s a h a a n un t uk m e nj a d i
seora ng i n s an A s tr a A gr o . Bu d a y a t e rs e b ut t e rt u a n g d a l a m
Sa p ta B u daya Per u s ah aan y a ng t e rd i ri d a ri 7 b ud a y a d a n
d ia rtika n dalam 2 4 defin i s i .
Corporate Culture
Sa p ta B u daya
PT Astra A gr o Les tar i ’s c o r p ora t e c u l t ure re f l e c t s t h e v a l u e s
b elieved by th e Co m pan y to s ha p e a n A s t ra Ag ro i nd i v i d ua l .
The cultur e i s wr i tten i n th e Sa p t a B u d a y a o f t h e C om p a n y
which co n s i s ts o f s even c ul t ure s a n d f o rm u l a t e d i n 2 4
d efinition s .


| Company Profile |
STRUKTUR ORGANISASI
O R GA NIZ AT I O N A L ST RU C T U RE
President Commissioner : Chiew Sin Cheok
Commissioner : Johannes Loman
Board of Commissioners (BOC) Independent Commissioner : Sidharta Utama
Angky Utarya Tisnadisastra
Ari Dono Sukmanto
President Director : Santosa

Vice President Director : Joko Supriyono
Director : Nico Tahir
Internal Audit & Risk Management:
Board of Directors (BOD) Said Fakhrullazi
Budi Wiyono
Rujito Purnomo
M. Hadi Sugeng Wahyudiono
Mario C. Surung Gultom
DIRECTOR IN CHARGE/CHIEF
Chief Communication & Communication & Public Affair : Tofan Mahdi

Sustainability Officer (CCSO)
Joko Supriyono Sustainability : Bandung Sahari
Research & Development (R&D) : Cahyo Sri Wibowo
Agronomy Services : Supariyo

Chief Agronomy & Research Officer
(CARO)
Transport Management : Ary Nurdijanto
M. Hadi Sugeng Wahyudiono & WMS
Fertilizer Management : Soenarto
Inspectorate : Boan Sulu
Plant Operation : Widayanto
Plant Maintenance : Muhammad Ichsan

Chief Technical Officer (CTO)
Said Fakhrullazi Workshop & Infrastructure Management : Yose Rizal Batubara
SHE & Operational Support : Ferdinan M.T. Ritonga
Plant Development : Said Fakhrullazi
Business Development : Nico Tahir
Downstream & Trading : Veronica Lusi Herdiyanti

Chief Commercial Officer (CCO) Commercial Support : Daniel Irawan
Nico Tahir
Partnership & Smallholder : Cahyo Kurniawan Wahyutomo
Management
Logistic Services : Veronica Lusi Herdiyanti
Treasury & Investor Relation : Rudy Limardjo
Corporate Accounting : Kursono Asman
Chief Financial Officer and Corporate Corporate Tax : Kresno Eko Saputro
Secretary (CFO)
Mario C. Surung Gultom Corporate Legal : Adilla Elansary
Human Capital & HO Support : Eko Prasetyo Wibisono
Technology : Jozef Damasurja
Chief Operation Officer (COO)

Rujito Purnomo Community Development : Suharto Sudarsono
Vice CEO
PLANTATION OPERATION
Joko Supriyono
Area Operation Jambi-Aceh : Wahyu Medici Ritonga
Area Operation Riau : Yustinus Felix
Chief Operation Officer (COO)

Area Operation Kalteng : Muhammad Marwan
Rujito Purnomo
Area Operation Kaltim : Jonet Budiarto
Area Operation Kalsel : Moh. Irsyad Noor
Area Operation Sulawesi : Arief Catur Irawan
Area Finance Sumatra : Endro Prastowo
Chief Financial Officer Area Area Finance Kalteng-Kalsel : Sutarno

Mario C. Surung Gultom
Area Finance Kaltim : Tri Novita Rimawati
Area Finance Sulawesi : Dony Yoga Perdana

PROFIL DEWAN KOMISARIS

B O A R D O F C O MMISSIO N ER'S PRO FI LE
CHIEW SIN CHEOK

Presiden Komisaris
Warga Negara Malaysia, usia 59 tahun. Malaysian Citizen, 59 years old.
Menjab at seb ag ai P re s ide n Komis aris P e rs e roan se j a k A p p o i n t e d a s P r e si d e n t Co m m i ssi o n e r o f t h e Com p a ny

ta hun 2018 ber das ark an Ke put us an R apat N o . 1 8 si n ce 2 0 1 8 b a se d o n De cr e e N o . 1 8 d a t e d 1 0 A p r i l 2018.
Tangg al 10 Ap ril 201 8. S aat ini be liau juga me n j a b a t H e a l so se r v e s a s Di r e ct o r o f P T A st r a I n t e r n a t i ona l
s eba ga i Dir ektur P T A s t ra Int e rnat ional T bk se j a k T b k si n ce A p r i l 2 0 1 6 , V i ce P r e si d e n t Co m m i s si oner
Apr il 2016, Wakil P re s ide n Komis aris P T Toy ot a A st r a o f P T To y o t a A st r a Fi n a n ci a l Se r v i ce si n ce 2 0 1 7, a nd
Fi nancial Ser vices s e jak t ahun 201 7, dan Komisa r i s d i Co m m i ssi o n e r o f P T A st r a O t o p a r t s T b k si n ce 2007 .
PT Astr a O topa rts T bk s e jak t ahun 2007. B e liau j u g a H e a l so si t s a s t h e B o a r d o f G o v e r n o r s o f t h e K esw i ck
dud uk seba ga i Board of Governors dari K e sw i ck F o u n d a t i o n , a ch a r i t y i n H o n g K o n g . Si n ce joi ni ng
Found ation, sebu ah le mbaga amal di Hong K o n g . J a r d i n e Ma t h e so n i n 1 9 9 3 , h e h a s h e l d v a r i ous
S e ja k ber ga bung de ngan J ardine M at he s on di t a h u n se n i o r p o si t i o n s i n f i n a n ce , p r e v i o u sl y h e w o rked a t
1993, b eliau telah me njabat be rbagai pos is i se n i o r Sch r o d e r s a n d P r i ce Wa t e r h o u se Co o p e r s b o t h a r e l o ca t ed
di b id ang keuan gan, s e be lumny a be liau be k e r j a d i i n L o n d o n . H e i s n o t b e i n g a f f i l i a t e d w i t h m e m b er s of
S chr oder s da n P ric e w at e rhous e C oope rs y ang ke d u a t h e B o a r d o f C o m m i ssi o n e r s, m e m b e r s o f t h e B oa r d of
l oka sinya ber ad a di London. B e liau t idak m e m i l i ki Di r e ct o r s o r m a i n sh a r e h o l d e r s o f t h e Co m p a n y.
h ub unga n afilia si de ngan anggot a D e w an Kom i sa r i s,
ang gota Dir eksi lainny a dan pe me gang s aham ut a m a .
Menyelesaikan p e ndidik an di London S c ho o l o f G r a d u a t e d f r o m t h e L o n d o n Sch o o l o f Eco nom i cs

E conomics a nd Polit ic al S c ie nc e de ngan ge lar Bachelor a n d P o l i t i ca l Sci e n ce w i t h a B a ch e l o r o f Sci ence
of Science (Economics) pada t ahun 1 984 dan k e m u d i a n ( Eco n o m i cs) i n 1 9 8 4 a n d t h e n o b t a i n e d a Ma s t er of
m enda pa tkan g ela r Master of Management Science d a r i Ma n a g e m e n t Sci e n ce f r o m t h e I m p e r i a l C o l l eg e of
I mper ia l Colleg e of S c ie nc e and Te c hnology, L o n d o n Sci e n ce a n d Te ch n o l o g y, L o n d o n i n 1 9 8 5 . Cur r ent l y
pad a tahun 1985 . S aat ini be liau juga me ru p a ka n h e i s a l so a m e m b e r o f t h e I n st i t u t e o f C h a r t er ed
ang gota institute of C hart e re d A c c ount ant s di I n g g r i s A cco u n t a n t s i n En g l a n d & Wa l e s a n d h a s co m p l e t ed t he
& Wa les da n telah me ny e le s aik an P rogram A d v a n ce A d v a n ce Ma n a g e m e n t P r o g r a m a t t h e H a r v a r d B u si ness
Ma nag ement d i th e Har v ard B us ine s s S c hool. Sch o o l .

| Company Profile |
JOHANNES LOMAN
Komisaris
Commissioner
Warga Negara Indonesia, usia 61 tahun. Indonesian Citizen, 61 years old.
Menjabat sebagai Komisaris Perseroan pada tahun 2020 Appointed as Commissioner of the Company in 2020 based on
berdasarkan Pernyataan Keputusan Rapat No. 13 Tanggal 10 Decree No. 13 dated 10 June 2020. He also serves as Director
Juni 2020. Saat ini beliau juga menjabat sebagai Direktur of PT Astra International Tbk Director In Charge of Astra
PT Astra International Tbk– Director in charge of Astra Motor I (Honda), Vice President Commissioner of PT Astra
Motor I (Honda), Wakil Presiden Komisaris PT Astra Otoparts Otoparts Tbk, Commissioner of PT Menara Astra, Executive
Tbk, Komisaris PT Menara Astra, Wakil Presiden Direktur Vice President Director of PT Astra Honda Motor, President
Eksekutif PT Astra Honda Motor, Presiden Komisaris Commissioner of PT Suryaraya Rubberindo Industries,
PT Suryaraya Ruberindo Industries, Presiden Komisaris di President Commissioner of PT Sedaya Multi Investama,
PT Sedaya Multi Investama, serta menjadi Komisaris di PT Musashi also serves as Commisioner PT Musashi Auto Parts Indonesia,
Auto Parts Indonesia, PT Showa Indonesia Manufacturing, dan PT Showa Indonesia Manufacturing, and PT Federal International
PT Federal International Finance. Sebelumnya beliau juga Finance. Previously, He also served as Commissioner of PT Astra
menjabat sebagai Komisaris PT Astra Agro Lestari Tbk Agro Lestari Tbk (2015-2017), Marketing Director of PT Astra
(2015-2017), Direktur Pemasaran PT Astra Honda Motor Honda Motor (2007-2009), Marketing Director of PT Astra
(2007-2009), Direktur Pemasaran PT Astra Daihatsu Motor Daihatsu Motor (2006-2007), Chief Executive of Daihatsu
(2006-2007), Chief Executive of Daihatsu Sales Operation Sales Operation PT Astra International Tbk (2001-2007), Chief
PT Astra International Tbk (2001-2007), Chief Executive of Executive of Honda Sales Operation PT Astra International Tbk
Honda Sales Operation PT Astra International Tbk (1999-2000), (1999-2000), and Honda Sales Operation PT Astra International
dan Honda Sales Operation PT Astra International Tbk (1984- Tbk (1984-1999). He is not being affiliated with members of the
1999). Beliau tidak memiliki hubungan afiliasi dengan anggota Board of Commisioners, members of the Board of Directors or
dewan komisaris, anggota direksi lainnya dan pemegang main shareholders of the Company.
saham utama.

Beliau merupakan lulusan Fakultas Ekonomi di Universitas He graduated from the Faculty of Economics of Parahyangan Catholic
Parahyangan Katolik, Bandung. University, Bandung.

SIDHARTA UTAMA
Komisaris Independen
Independent Commissioner
War ga N egar a Ind one sia , us ia 55 t a hun. Indonesian Citizen, 55 years old.
Menjabat sebagai Komisaris Independen Perseroan Appointed as Independent Commissioner of the

sejak tahun 2018 berdasarkan Keputusan Rapat No. Company since 2018 based on Decree No. 18 dated
18 Tanggal 10 April 2018. Saat ini beliau juga 10 April 2018. He also serves as Independent
menjabat sebagai Komisaris Independen PT Saratoga Commissioner of PT Saratoga Investama Sedaya
Investama Sedaya Tbk, serta menjabat sebagai Tbk, also as a member of the Audit Committee of
Anggota Komite Audit PT Solusi Bangun Indonesia PT Solusi Bangun Indonesia Tbk. In academia, he also
Tbk. Di bidang Akademis, beliau adalah Guru Besar serves as Professor at Economics Faculty at University
di Fakultas Ekonomi dan Bisnis Universitas Indonesia of Indonesia (FEUI). Previously, He also served as vice
(FEUI). Beliau sempat menjabat sebagai Wakil Rektor rector for Finance and General Administration UI (2018-
bidang Keuangan dan Administrasi Umum UI (2018- 2019), secretary of Majelis Wali Amanat UI (2014-2018),
2019), Sekretaris Majelis Wali Amanat UI (2014-2018), Vice Dean on Academics at FEUI (2005-2009) and
Wakil Dekan bidang Akademik FEUI (2005-2009) Head of the Accounting Department at FEUI (2001-
dan Ketua Departemen Akuntansi FEUI (2001-2005). 2005). In non-academic world, He also serves as
Di bidang non-Akademis, beliau saat ini menjabat a member of Dewan Pengurus Nasional Ikatan
sebagai anggota Dewan Pengurus Nasional Ikatan Akuntan Indonesia, Dewan Pembina Indonesia institute
Akuntan Indonesia, Dewan Pembina Indonesia for Corporate Directorship and Dewan Pengarah Bank
Institute for Corporate Directorship dan Dewan Indonesia Financial Accounting Policies. He also held
Pengarah Kebijakan Akuntansi Keuangan Bank positions of Member of the International Accounting
Indonesia. Sempat menjabat sebagai Anggota Education Standard Board IFAC (2015-2019), Tax
International Accounting Education Standard Board IFAC Supervisory Committee of the Indonesia Ministry of
(2015-2019), Komite Pengawas Pajak di Kementerian Finance (2010-2013), Independent Commissioner of
Keuangan Republik Indonesia (2010-2013), Komisaris PT Astra International Tbk (2014-2018), Member of the
Independen PT Astra Internasional Tbk (2014-2018), Audit Committee of PT Hero Tbk (2009-2013), Member
Anggota Komite Audit PT Hero Tbk (2009-2013), of the Audit Committee of PT Astra International Tbk
Anggota Komite Audit PT Astra International Tbk dan and PT Astra Graphia Tbk (2008-2012), Member of the
PT Astra Graphia Tbk (2008-2012), Anggota Komite Audit Committee of PT Federal International Finance,
Audit PT Federal International Finance, PT Astra Sedaya PT Astra Sedaya Finance and PT Serasi Autoraya
Finance dan PT Serasi Autoraya (2005-2008). Beliau (2005-2008). He is not being affiliated with members
tidak memiliki hubungan afiliasi dengan anggota of the Board of Commissioners, members of the
Dewan Komisaris, anggota Direksi lainnya dan Board of Directors or main shareholders of the
pemegang saham utama. Company.
Beliau menyelesaikan pendidikannya di Fakultas Graduated from the Department of Accounting of

Ekonomi Jurusan Akuntansi Universitas Indonesia Economics Faculty at University of Indonesia in 1987,
tahun 1987, Master of Business Administration di Master of Business Administration from the Indiana
Indiana University tahun 1990 dan Doctor of Philosophy , University in 1990, and Doctor of Philosophy from the
Texas A&M University tahun 1996. Texas A&M University in 1996.

| Company Profile |
ARI DONO SUKMANTO

M e n j abat sebagai K om isa r is Ind e p e nde n A ppointe d as Inde pe nde nt C ommis s ioner o f
Pe r s er o an pad a t a hun 2020 b e r d a sar k an the C ompany s inc e 2020 bas e d on De c r ee No .
Pe r n yat aan Kep ut usa n R a p a t N o. 1 3 Ta ng gal 10 13 date d 10 June 2020. P r e vious ly, H e s e r ved as
Jun i 2 0 2 0 . S ebe lum ny a b e lia u m e nja b a t se bagai Wak apolr i (r e tir e d) (2018), Kabar e s k r im (2 0 16 ),
Wak apo l r i ( Pu r na Tug a s ) (201 8), K a b a r es k r im Wak abar e s k r im (2016), Sahlije me nof Cen tral
(2 0 16 ) , Wak aba r e sk r im (201 6), S t a f Ahli K apolr i Sulawe s i (2014), Kapolda of C e ntr al Sulawe s i (2 0 13 ),
Bi dan g Man a je m e n (S a hlije m e n) S ulawe s i Dir tipidum Bar e s k r im P olr i (2011), Wak apo lda
Te n gah ( 2 0 14 ) , K a p old a S ula w e si Te ng a h (2013), of C e ntr al Sulawe s i (2011), Kabag Instalfo r
Di r t i pi du m B ar e sk r im P olr i (201 1 ), Wa k apolda P us labf or Bar e s k r im P olr i (2010), Penyidik Utama
Su l aw es i Ten gah (201 1 ), K a b a g Ins t a lfor P uslabf or TK II Dit V/Tipipe r Bar e s k r im P olr i (2009), D ir
Bar es k r i m Po l r i (201 0), P e ny id ik U t a m a t ingk at II R e s k r im P olda of We s t Java (2008), Dir R eskrim
Di t V/ Ti pi t er B ar e sk r im P olr i (2009), D ir R es k r im P olda DIY (2007), Kapoltabe s of De npas ar Po lda
Pol da Jaw a B ar a t (2008), D ir R e sk r im P olda DIY in Bali (2006), and Dir R e s k r im P olda of Ban ten
(2 0 0 7 ) , Kapo l t a b e s D e np a s a r P old a B a li (2006), (2005). H e is not be ing af f iliate d with me mbers o f
d an D i r Res k r im P old a B a nt e n (2005). Be liau the Boar d of C ommis ione r s , me mbe r s of the Bo ard
t idak m em i l i k i h ub ung a n a filia si d e ng a n a n ggota of Dir e c tor s or main s har e holde r s of the C om pan y.
d ew an k o m i s ar is, a ng g ot a d ir e ks i la inny a dan
p em egan g s ah a m ut a m a .
Be l i au m e n ye l e s a ik a n p e nd id ika n d i Akade mi He gr aduate d f r om A k ade mi A ng katan

Angk at an B er s e nja t a R e p ub lik Ind one s ia pada Be r s e njata R e publik Indone s ia in 1985, th en
t a h u n 19 8 5 , k em ud ia n m e ny e le s a ik a n p e nd idik an gr aduate d f r om P e r gur uan Tinggi Ilmu Ke po lisian
d i P e r gu r u an Ting g i Ilm u K e p olis ia n pada in 1995, als o gr aduate d f r om Se k olah Staf Po lri in
t a h u n 19 9 5 , se r t a m e ny e le sa ik a n p e nd idik an 1999, and in 2010 H e gr aduate d f r om Se k ola h Staf
ke m bal i di S e k o la h S t a f P im p ina n P olr i p a d a tahun P impinan Tinggi P olr i.
199 9 , dan pada t a hun 201 0 b e lia u m e ny e le saik an
p en di di k an di S e k ola h S t a f P im p ina n Ting g i P olr i.

ANGKY UTARYA
TISNADISASTRA*
Menjabat sebagai Komisaris Independen Perseroan Appointed as Independent Commissioner of the

sejak tahun 2017 berdasarkan keputusan Rapat No. Company since 2017 based on Decree No. 13
13 Tanggal 11 April 2017. Saat ini beliau juga dated 11 April 2017. He also serves as a member of
menjabat sebagai Anggota Komite Audit PT Astra the Audit Committee of PT Astra International Tbk
International Tbk sejak tahun 2017 serta menjabat since 2017 and serves as Independent Commissioner
sebagai Komisaris Independen PT Astra Otoparts of PT Astra Otoparts Tbk since 2015. Previously, he
Tbk sejak tahun 2015. Sebelumnya, beliau menjabat served as Commissioner of PT PAM Lyonnaise
sebagai Komisaris PT PAM Lyonnaise Jaya dan PT Jaya and PT Asuransi Astra Buana (2013-
Asuransi Astra Buana (2013-2015), Presiden Komisaris 2015), President Commissioner of PT Intertel
PT Intertel Nusaperdana (2011-2013), Presiden Nusaperdana (2011-2013), President Commissioner
Komisaris PT Surya Artha Nusantara Finance dan PT of PT Surya Artha Nusantara Finance and PT Astratel
Astratel Nusantara (2010-2013), Presiden Komisaris Nusantara (2010-2013), President Commissioner of
PT Toyofuji Logistic Indonesia (2009-2013), Direktur PT Toyofuji Logistic Indonesia (2009-2013), Director of
PT Astra International Tbk (2008-2013), Komisaris PT PT Astra International Tbk (2008-2013), Commissioner
Astra Sedaya Finance (2008-2013), Presiden Komisaris of PT Astra Sedaya Finance (2008-2013), President
PT Asuransi Astra Buana (2008-2013), Presiden Komisaris Commissioner of PT Asuransi Astra Buana (2008-
PT Astra Graphia Tbk (2008-2013), Presiden Komisaris 2013), President Commissioner of PT Astra Graphia
PT Serasi Autoraya (2008-2013), Presiden Komisaris Tbk (2008-2013), President Commissioner of PT Serasi
PT PAM Lyonnaise Jaya (2006-2013), Presiden Komisaris Autoraya (2008-2013), President Commissioner of
PT Marga Mandalasakti (2005-2013), Presiden Direktur PT PAM Lyonnaise Jaya (2006-2013), President
PT Intertel Nusaperdana (2005-2011), Presiden Direktur Commissioner of PT Marga Mandalasakti (2005-
PT Astratel Nusantara (2005-2010), dan Presiden 2013), President Director of PT Intertel Nusaperdana
Direktur PT Sedaya Multi Investama (2000-2013). Beliau (2005-2011), President Director of PT Astratel Nusantara
tidak memiliki hubungan afiliasi dengan anggota (2005-2010), and President Director PT Sedaya Multi
Dewan Komisaris, anggota Direksi lainnya dan Investama (2000-2013). He is not being affiliated with
pemegang saham utama. members of the Board of Commissioners, members
of the Board of Directors or main shareholders of the
Company.
Beliau merupakan lulusan Fakultas Ekonomi Universitas Graduated from Economics Faculty at University of
Indonesia pada tahun 1984. Indonesia in 1984.
*Bapak Angky Utar ya Tisnadisastra meninggal dunia pada *Mister Angky Utarya Tisnadisastra passed away on 21 September 2020 in
tanggal 21 September 2020 di Jakarta. Jakarta.

| Company Profile |


PROFIL DIREKSI
B O A R D O F DIREC T O R'S PROF ILE
SANTOSA JOKO SUPRIYONO

Presiden Direktur Wakil Presiden Direktur
President Director Vice President Director
Warga Negara Indonesia, usia 55 tahun. Warga Negara Indonesia, usia 58 tahun.
Menjabat sebagai Presiden Direktur Perseroan sejak April 2017 Menjabat sebagai Wakil Presiden Direktur Perseroan
berdasarkan Keputusan RUPST Perseroan tahun 2020. Beliau sejak April 2017 berdasarkan Keputusan RUPST Perseroan
merupakan Presiden Komisaris seluruh afiliasi PT Astra Agro tahun 2020. Beliau merupakan Komisaris seluruh afiliasi
Lestari Tbk. Saat ini beliau juga menjabat sebagai Direktur PT Astra Agro Lestari Tbk. Sebelumnya beliau menjabat
PT Astra International Tbk sejak tahun 2018, Presiden Komisaris sebagai Direktur Perseroan (2007-2017), Deputy Director
PT Astra Graphia Tbk dan Presiden Komisaris PT Astra Tol of Plantations and Mills Operation Perseroan (2005-2007),
Nusantara sejak tahun 2020. Beliau bergabung dengan Grup Direktur Area Perseroan (2002-2005), Human Resources
Astra tahun 1989 dan sebelumnya pernah menjabat sebagai Division Head Perseroan (2000-2002), Kepala Departemen
Direktur Keuangan PT Astra Agro Lestari Tbk (2007-2013) dan Personalia Perseroan (1999-2000), dan Training &
Presiden Direktur PT Asuransi Astra Buana (2014-2017). Recruitment Department Head Perseroan (1996-1997).
Bergabung dengan Perseroan pada tahun 1995 sebagai
Beliau menyandang gelar Sarjana Sains Fisika dari Universitas
Training Department Staff . Sebelumnya, menjabat sebagai
Gadjah Mada, Yogyakarta.
Instructor of Quality Management Consultant di PT Wahana
Kendali Mutu (1994-1995) dan menjadi Kepala Afdeling di
PT Perkebunan Nusantara II, Medan (1986-1993).
Beliau menyelesaikan Pendidikan di Universitas Gadjah

Mada, Yogyakarta.
Indonesian Citizen, 55 years old. Indonesian Citizen, 58 years old.

Appointed as President Director of the Company since Appointed as Vice President Director of the Company since
April 2017 based on AGMS decision of PT Astra Agro April 2017 based on AGMS decision of PT Astra Agro Lestari
Lestari Tbk in 2020. He serves as President Commissioner for Tbk in 2020. He serves as Commissioner for the Company’s
all the Company’s subsidiaries. Currently he also serves as subsidiaries. Previously, he served as Director of the
Director of PT Astra International Tbk since 2018, President Company (2007-2017), Deputy Director of Plantations and
Commissioner of PT Astra Graphia Tbk since 2020 and Mills Operations of the Company (2005-2007), Area Director
President Commissioner of PT Astra Tol Nusantara since 2020. of the Company (2002-2005), Human Resources Division Head
He joined Astra Group in 1989 and previously held the position of the Company (2000-2002), Personnel Department Head
as Finance Director of PT Astra Agro Lestari Tbk (2007-2013) of the Company (1999-2000), and Training & Recruitment
and President Director of PT Asuransi Astra Buana (2014-2017). Department Head of the Company (1996-1997). He joined the
He holds a Bachelor of Science (Physics) degree from Company in 1995 as a Training Department Staff. Previously,
Universitas Gadjah Mada, Indonesia. he served as Instructor of Quality Management Consultant
of PT Wahana Kendali Mutu (1994-1995) and was head of
Afdeling of PT Perkebunan Nusantara II, Medan (1986-1993).
He graduated from Gadjah Mada University, Yogyakarta.

| Company Profile |
RUJITO PURNOMO SAID FAKHRULLAZI

Direktur Direktur
Director Director
Menjabat sebagai Direktur Perseroan sejak April 2017 Menjabat sebagai Direktur Perseroan sejak April 2019
berdasarkan Keputusan RUPST Perseroan tahun 2020. berdasarkan Keputusan RUPST Perseroan tahun 2020.
Beliau merupakan Presiden Direktur untuk afiliasi PT Astra Beliau merupakan Presiden Direktur afiliasi PT Astra Agro
Agro Lestari Tbk Area Kalimantan dan Perseroan yang Lestari Tbk di area Sulawesi. Sebelumnya menjabat sebagai
bergerak dalam bidang karet. Sebelumnya menjabat Wakil Presiden Engineering Development Perseroan tahun
sebagai Deputi Direktur Human Capital Perseroan dan FFB 2016, Division Head of Engineering Development Perseroan
Production & Water Management System Perseroan (2016- (2012-2015), Project Manager of Palm Oil Mill Construction
2017), Presiden Direktur anak perusahaan Perseroan Area Perseroan (2005-2011), Department Head of Processing
Kalimantan Timur dan Kalimantan Selatan (2015-2017), Factory of Rubber, Cocoa & Tea Perseroan (1998-2004).
Direktur anak perusahaan Perseroan Area Kalimantan Sebelumnya beliau juga pernah menjabat sebagai Manajer
Timur dan Kalimantan Selatan (2014-2015), Direktur anak Rubber Factory dan Assistant Rubber Factory PT Huma Indah
perusahaan Perseroan Area Pengembangan (2010-2014), Mekar (1994-1997) serta pernah menjabat sebagai Asisten
Direktur anak perusahaan Perseroan Area Sulawesi (2007- Lapangan PT Gunung Huma Group (1991).
2010), Direktur anak perusahaan Perseroan Area Jambi
Beliau menyelesaikan Pendidikan di Universitas Padjajaran,
& Aceh (2002-2007), dan menjabat sebagai Departemen
Bandung.
Pengembangan Perseroan Area Sulawesi (1992-2002).
Beliau merupakan lulusan INSTIPER Yogyakarta.

Appointed as Director of the Company since April 2017 based Appointed as Director of the Company since April 2019 based
on AGMS decision of PT Astra Agro Lestari Tbk in 2020. He on AGMS decision of PT Astra Agro Lestari Tbk in 2020. He
serves as President Director for the Company's subsidiaries on serves as President Director of the Company’s in Sulawesi
Kalimantan and Company’s subsidiaries rubber. Previously, he Area. Previously, he served as Vice President of Engineering
served as Deputy Director of Human Capital of the Company Development of the Company in 2016, Division Head of
and FFB Production & Water Management System of the Engineering Development of the Company (2012-2015), Project
Company (2016-2017), President Director of the Company’s Manager of Palm Oil Mill Construction of the Company (2005-
subsidiaries on East Kalimantan and South Kalimantan area 2011), Department Head of Processing Factory of Rubber,
(2015-2017), Director of the Company’s subsidiaries on East Cocoa & Tea of the Company (1998-2004). Previously,
Kalimantan and South Kalimantan area (2014-2015), Director he served as Rubber Factory Manager and Rubber Factory
of the Company’s subsidiaries on Development Area (2010- Assistant of PT Huma Indah Mekar (1994-1997) also served as
2014), Director of the Company’s subsidiaries in Sulawesi Area Field Assistant of PT Gunung Huma Group (1991).
(2007-2010), Director of the Company’s subsidiaries on Jambi He graduated from Padjajaran University, Bandung.
& Aceh (2002-2007), and served as Development Department
of the Company’s subsidiaries on Sulawesi Area (1992-2002).
He graduated from INSTIPER, Yogyakarta.

M. HADI SUGENG WAHYUDIONO NICO TAHIR

Direktur Direktur
Director Director
Menjabat sebagai Direktur Perseroan sejak April 2017 Menjabat sebagai Direktur Perseroan sejak April 2019
berdasarkan Keputusan RUPST Perseroan tahun 2020. berdasarkan Keputusan RUPST Perseroan tahun 2020.
Beliau merupakan Presiden Direktur afiliasi PT Astra Agro Beliau merupakan Komisaris PT Kreasijaya Adhikarya
Lestari Tbk area Sumatra. Sebelumnya menjabat sebagai serta Presiden Direktur PT Tanjung Sarana Lestari dan
Deputi Director Sustainability & Public Relation Perseroan PT Tanjung Bina Lestari yang merupakan afiliasi PT Astra Agro
dan Presiden Direktur afiliasi PT Astra Agro Lestari Tbk di Lestari Tbk. Saat ini beliau juga menjabat sebagai Direktur
Area Aceh & Jambi (2016-2017), Presiden Direktur afiliasi PT Indeks Komoditas Indonesia. Sebelumnya beliau menjabat
PT Astra Agro Lestari Tbk di Area Kalimantan Timur (2015), sebagai Presiden Direktur PT Suprabari Mapanindo Mineral
Direktur afiliasi PT Astra Agro Lestari Tbk di Area Kalimantan (2017-2019), Direktur PT Coalindo Energy (2016-2019),
Timur (2014), Direktur afiliasi PT Astra Agro Lestari Tbk di Area Presiden Direktur PT Telen Orbit Prima; PT Prima Multi
Riau (2011-2013), Direktur afiliasi PT Astra Agro Lestari Tbk di Mineral dan PT Tuah Turangga Agung (2015-2019),
Area Kalimantan Tengah (2009-2010), Plantation Operation & Direktur PT Pamapersada Nusantara (2012-2016), Direktur
Refinery Perseroan (2008), Administratur pada afiliasi PT Astra PT Astratel Nusantara (2009-2012), dan Direktur
Agro Lestari Tbk (2001-2008), dan menjabat sebagai Staff PT Serasi Autoraya (2006-2012). Beliau bergabung dengan
Operation Plantation (1994-2001). Astra Group pada tahun 1990 sebagai Sales Executive di
PT Astra Graphia Tbk lalu pindah ke PT Astra International
Beliau menyelesaikan Pendidikan di Universitas Negeri Tbk (1991-2006) dengan jabatan terakhir sebagai General
Jember, Jawa Timur. Manager Treasury Division .
Beliau menyelesaikan Pendidikan di Universitas
Tarumanagara, Jakarta.
Appointed as Director of the Company since April 2017 based Appointed as Director of the Company since April 2019 based on
on AGMS decision of PT Astra Agro Lestari Tbk in 2020. He AGMS decision of PT Astra Agro Lestari Tbk in 2020. He serves
serves as President Director of the Company’s Subsidiaries as Commissioner of PT Kreasijaya Adhikarya also as President
on Sumatra Area. Previously, he served as Deputy Director of Director of PT Tanjung Sarana Lestari and PT Tanjung Bina
Sustainability & Public Relations of the Company and President Lestari which is a subsidiaries of the Company. He also serves
Director of the Company’s subsidiaries on Aceh & Jambi Area as Director of PT Indeks Komoditas Indonesia. Previously,
(2016-2017), President Director of the Company’s subsidiaries he served as President Director of PT Suprabari Mapanindo
on East Kalimantan Area (2015), Director of the Company’s Mineral (2017-2019), Director of PT Coalindo Energy (2016-
subsidiaries on East Kalimantan Area (2014), Director of the 2019), President Director of PT Telen Orbit Prima; PT Prima
Company’s subsidiaries on Riau Area (2011-2013), Director of Multi Mineral and PT Tuah Turangga Agung (2015-2019),
the Company’s subsidiaries on Central Kalimantan Area Director of PT Pamapersada Nusantara (2012-2016), Director
(2009-2010), Plantation Operation & Refinery of the of PT Astratel Nusantara (2009-2012), and Director of PT Serasi
Company (2008), Administrator of Company’s subsidiaries Autoraya (2006-2012). He joined Astra Groups in 1990 as Sales
(2001-2008), and served as Plantation Operation Staff Executive on PT Astra Graphia Tbk before moving to PT Astra
(1994-2001). International Tbk (1991-2006) with the latest position as
Graduated from Universitas Negeri Jember, East Java. General Manager Treasury Division.
He graduated from Tarumanagara University, Jakarta.

| Company Profile |
MARIO C. SURUNG GULTOM

Direktur
Director
Warga Negara Indonesia, usia 55 tahun.
Menjabat sebagai Direktur Perseroan dan merangkap

sebagai Sekretaris Perusahaan Perseroan berdasarkan
Keputusan RUPST Perseroan tahun 2020. Beliau merupakan
Komisaris seluruh afiliasi PT Astra Agro Lestari Tbk.
Sebelumnya menjabat sebagai Deputi Direktur Research
and Development Perseroan (2016-2017), Presiden Direktur
afiliasi PT Astra Agro Lestari Tbk di Area Kalimantan
Tengah (2015-2017), Direktur afiliasi PT Astra Agro Lestari
Tbk di Area Kalimantan (2007-2014), Procurement Division
Head Perseroan (2001-2007), Internal Audit Division Head
Perseroan (1995-2001), dan menjadi Asisten Manajer Auditor
pada Akuntan Publik BDO Tanubrata (1987-1995).
Merupakan lulusan Sekolah Tinggi Ilmu Ekonomi Indonesia,

Jakarta.
Indonesian Citizen, 55 years old.

Appointed as Director of the Company and also served as
Corporate Secretary based on AGMS decision of PT Astra
Agro Lestari Tbk in 2020. He serves as Commissioner of all
the Company’s subsidiaries. Previously, he served as Deputy
Director of Research and Development of the Company
(2016-2017), President Director of the Company’s subsidiaries
on Central Kalimantan Area (2015-2017), Director of the
Company’s subsidiaries on Kalimantan Area (2007-2014),
Procurement Division Head of the Company (2001-2007),
Divisional Head of Corporate Internal Audit of the Company
(1995-2001), and became Assistant Manager of Auditors at
Public Accountant BDO Tanubrata (1987-1995).
He graduated from Sekolah Tinggi Ilmu Ekonomi Indonesia,
Jakarta.

SUMB ER DAYA MANUSIA

H U M A N R E S O U RC ES
Absensi Pagi karyawan PT Gunung Sejahtera Ibu Pertiwi, sebelum memulai aktivitas kerja.
Attendance to personnel at PT Gunung Sejahtera Ibu Pertiwi, before starting the activities.
Foto/photo : Muhammad Tito Luqman Hakim-PT GSDI
Persaingan industri yang semakin kompetitif mengharuskan The increase in industrial competition has required the
Perseroan melakukan beberapa inisiatif dalam upaya Company to introduce various initiatives in preparing and
mempersiapkan dan mengembangkan Sumber Daya developing highly qualified and skilled Human Resources. The
Manusia (SDM) yang bermutu dan terampil. Perseroan Company introduced a Human Capital Management program
melakukan pengembangan SDM melalui program manajemen to striving to become the best in the agribusiness industry.
SDM agar perseroan mampu menjadi perusahaan terbaik di
bidang industri agribisnis.
PENGEMBANGAN KOMPETENSI DAN KARIER COMPETENCE AND CAREER DEVELOPMENT
Guna mendapatkan SDM yang berkualitas, Perseroan The Company organized various competency training and
melaksanakan berbagai program pelatihan dan development programs aimed to assist employees in their
pengembangan kompetensi untuk memberikan kesempatan personal development process. Employee competency
kepada karyawan dalam proses pengembangan diri. management programs were organized through a series of
Pengelolaan kompetensi karyawan dilakukan melalui stages starting from the recruitment process to the end of the
serangkaian tahap mulai dari proses rekrutmen sampai employment term.
dengan selesai masa kerja.
Proses rekrutmen karyawan baru dilakukan secara berkala New employees are recruited periodically according to the
sesuai dengan kebutuhan organisasi. Selain melalui jalur organization's needs. Besides the regular public recruitment
rekrutmen publik, Perseroan juga menjalin kerjasama channels, the Company also collaborates with educational
dengan instansi pendidikan terkait untuk menjaring calon- institutions to recruit prospective workers who show
calon tenaga kerja potensial. Tenaga kerja yang terjaring potential. Candidates who succeed in passing the selection
melalui proses seleksi, selanjutnya akan menjalani masa process will go through a new employee orientation
orientasi karyawan baru sesuai dengan bidang keahlian dan period in accordance with their respective expertise and
jabatan masing-masing. position.

| Company Profile |
Selain program pelatihan dan pengembangan kompetensi, In addition to the competency training and development
Perseroan juga melaksanakan penilaian kompetensi programs, the Company also carries out transparent
secara terbuka dan berkala melalui program sinergi competency assessments regularly through a synergy
guna menghasilkan penilaian secara adil antara user dan program to give fair assessment between the user and the
karyawan. Hal tersebut dilakukan untuk mempersiapkan employee. These steps aim to prepare future leaders.
lahirnya calon-calon pemimpin di masa depan.
Program pengelolaan pengembangan kompetensi The development competency management program

dilakukan di bawah Astra Human Capital Management is under conducted Astra’s Human Capital Management
(AHCM) dan manajemen sumber daya manusia yang (AHCM) and a system of human capital management
dikembangkan secara internal. developed internally.
HUBUNGAN INDUSTRIAL INDUSTRIAL RELATIONS
Dalam mengelola hubungan industrial, Perseroan secara In managing industrial relations, the company actively
rutin melakukan komunikasi secara formal dan informal maintains formal and informal communications in line with
yang telah disesuaikan dengan peraturan perundang- prevailing laws and regulations. Formal communications take
undangan yang berlaku. Komunikasi formal dilakukan place through a Bipartied Cooperation Agent Forum (LKS)
melalui Forum Lembaga Kerjasama (LKS) Bipartit dengan with the Workers Union. Informal communications are
Serikat Pekerja. Untuk komunikasi informal, diwujudkan conducted through discussion forums with the communities
melalui forum diskusi dengan Paguyuban yang terdapat di at all employee housing compounds.
semua perumahan karyawan.
Selama pandemi, Perseroan melakukan pembatasan dalam During the pandemic, communications with the Biparty LKS
pelaksanaan forum komunikasi LKS Bipartit sesuai dengan were restricted and took place under strict health protocols.
protokol kesehatan. Sedangkan kegiatan informal Paguyuban On the other hand, community activities focused on
difokuskan pada kegiatan Sosialisasi Perilaku Hidup Bersih Promoting a Clean and Healthy Lifestyle, provision of hand-
dan Sehat (PHBS), pengadaan tempat cuci tangan, serta washing facilities, and spraying of disinfectant in the
penyemprotan desinfektan di area Paguyuban. community areas.
STRUKTUR ORGANISASI ORGANIZATION STRUCTURE

Divisi Human Capital Management (HCM) beserta jabatan- The Human Capital Management (HCM) division and all of the
jabatan yang ada dalam organisasi HCM mempunyai tugas positions available within the HCM organization have the tasks
dan fungsi yang sesuai dengan standar AHCM yang terdapat and functions in line with the standards of the eight pillars
delapan pilar di dalamnya yang meliputi Organization stated in the AHCM which cover Organization Development
Development Management, Recruitment Management, People Management, Recruitment Management, People
Development Management, Performance Management, Development Management, Performance Management,
Termination Management, Reward Management, Industrial Termination Management, Reward Management, Industrial
Relation Management, dan Culture Management. Relation Management, and Culture Management.

PROFIL KARYAWAN EMPLOYEE PROFILES

Per 31 Desember 2020, Perseroan memiliki total karyawan As of 31 December 2020, the Company employed 34,383
sebanyak 34.383 (tetap dan kontrak) orang yang berkerja (permanent and contract) personnel working at various
di berbagai lokasi, termasuk di Kantor Pusat dan Kebun. locations, including at the Head Office and at the Plantations.
Berikut ini adalah jumlah karyawan Perseroan yang terbagi Below are the number of Company employees categorized in
dalam berbagai kelompok. various group.
Ka r y a w a n M e n u r u t T in gkat J abatan Tah u n Ka rya wa n M enurut La ta r B el a ka ng Pend i d i ka n

2019 – 2020 Ta hun 2 0 1 9 – 2 0 2 0
E mp l o y e e s b y P o s i ti o n Level in 2019-2020 Employe e s by Educational Background in 2019-2020
Tingkat
Tingkat Jabatan 2019 2020
Position Level Pendidikan 2019 2020
Education Level
Non Staff 37.032 32.788 S3 1 1

Staff 1.199 1.200 S2 19 20
Managerial 387 388 S1 1.340 1.281
Direksi 7 7 D4 27 23
Total 38.625 34.383 D3 400 381
D2 48 41
Ka r y a w a n M e n u r u t K e lo mpo k U sia Tah u n 2019 – 2020
E mp l o y e e s R a n k e d by A g e Ra ng e i n 2019-2020 D1 141 133
SLTA 10.284 9.599
SLTP 3.286 2.970
Kelompok Usia 2019 2020
Age Range SD 10.572 9.320
SDTT 1.714 1.499
18-25 tahun/ 5.035 3.623
years old Belum Ada 10.793 9.115
Keterangan
26-35 tahun/ 15.178 13.153 No Information
years old
Total 38.625 34.383
36-45 tahun/ 13.499 12.697
years old
Ka rya wa n M enurut Jeni s Kel a mi n Ta hun 2 0 1 9 – 2 0 2 0
46-55 tahun/ 4.854 4.877 Employe e s by S e x in 2019-2020
years old
>55 tahun/
years old
59 33 Jenis Kelamin
Sex
2019 2020
Total 38.625 34.383 Perempuan 4.971 4.136

Female
Laki-laki 33.654 30.247
Male
Total 38.625 34.383
REMUNERASI & PENSIUN REMUNERATION & PENSION

Dalam rangka mengapresiasi karyawan yang telah berdedikasi To appreciate the employees who dedicated their best efforts
terhadap kemajuan usaha Perseroan, maka Perseroan toward the growth of the Company, the Company provides
mengupayakan remunerasi yang sesuai dengan peraturan remunerations that comply with the existing industrial and
perundang-undangan, perindustrian dan ketenagakerjaan.
manpower laws and regulations. These remunerations include
Remunerasi tersebut mencakup pembayaran gaji bulanan,
tunjangan dan asuransi kesehatan, tunjangan transportasi, monthly salaries, allowances and health insurance, transportation
tunjangan makan siang, tunjangan cuti, tunjangan hari raya, allowances, lunch allowances, leave allowances, religious festivity
kepemilikan kendaraan, bonus tahunan, serta rencana pensiun. allowances, vehicle ownership, annual bonuses, and pension plans.
Perseroan memberikan apresiasi bagi karyawan melalui Alexa The Company also shows its appreciation to employees through the
Award dan Penghargaan Karya Bhakti. Alexa Award and the Services Award (Penghargaan Karya Bhakti).

| Company Profile |
Pengarahan kepada karyawan PT Gunung Sejahtera Ibu Pertiwi, sebelum memulai aktivitas kerja.
Briefing to personnel at PT Gunung Sejahtera Ibu Pertiwi, before starting the activities.
KETENAGAKERJAAN MAN POWER

Terwujudnya hubungan industrial yang harmonis dan Establishing harmonious and dynamic industrial relations is one of
dinamis merupakan tujuan utama Perseroan, untuk itu Perseroan the Company’s main goals. To this end, the Company consistently
berupaya memenuhi hak-hak karyawan sebagaimana yang diatur endeavors to fulfill employees’ rights as stipulated in prevailing
dalam peraturan perundang-undangan yang berlaku tentang laws and regulations on manpower. The Company is also highly
ketenagakerjaan. Perseroan juga berkomitmen tinggi dalam
committed to gender and work opportunity equality, it also provides
hal kesetaraan gender dan kesempatan kerja, pelatihan kerja
untuk meningkatkan profesionalisme pegawai, serta menjamin training to improve employees’ professionalism and ensures their
kesejahteraan karyawan sesuai dengan sistem imbal jasa yang welfare by implementing a decent remuneration system. It is also
sepadan. Perseroan juga berkomitmen tinggi terhadap keselamatan highly committed towards workers' health and safety.
dan kesehatan karyawan.
KESELAMATAN KERJA SAFETY AT WORK
Keselamatan Kerja menjadi aspek penting dalam operasional In line with its commitment, Safety at Work is an important aspect of
sesuai dengan komitmen Perseroan. Oleh karenanya, Perseroan the Company’s operations. Therefore, the Company established a
menetapkan target Zero Fatal Accident (tidak ada kecelakaan kerja policy with a Zero Fatal Accident target in all of its subsidiaries.
fatal) kepada seluruh anak usaha Perseroan.
Berbagai usaha yang dilakukan guna mencapai Zero Fatal Accident Various measures have been undertaken to achieve the Zero Fatal
seperti Identifikasi Bahaya dan Risiko, melakukan Job Safety Accident target such as Hazard and Risk Identification, conducting
Analysis (Analisa Keselamatan Pekerjaan), analisa nearmiss, Safety Job Safety Analyses, Near-miss Analyses, Safety Campaigns, and
Campaign, Pelatihan K3 (Safety Training), dan juga melakukan tindak Safety Training programs. The Company also imposes penalties
sanksi terkait perilaku tidak aman (unsafe action) dan perbaikan related to unsafe actions and remedies unsafe conditions found
kondisi tidak aman (unsafe condition) dari hasil temuan inspeksi. during inspections.
Dalam hal penegakan disiplin agar mencegah terjadinya To assert discipline and avoid workplace accidents, the Company
kecelakaan kerja, Perseroan menerapkan Excellent Golden Rules upholds its Excellent Golden Rule (EGR). The EGR is enforced by
(EGR). Penegakan EGR dengan memberikan sanksi mulai dari imposing penalties ranging from reprimands to issuing final warning
teguran, sampai dengan Surat Peringatan 3 (SP-3). Perseroan juga letters (SP-3). The Company also awards employees who
memberikan penghargaan bagi karyawan yang peduli dengan K3. promote occupational safety and health (K3).
Pada tahun 2020, sebanyak 3 anak perusahaan Perseroan meraih In 2020, three of the Company’s subsidiaries received Zero Accident
penghargaan Zero Accident dari Kementerian Tenaga Kerja dan awards from the Ministry of Manpower and Transmigration at
Transmigrasi Tingkat Provinsi hingga Nasional. both the National and Provincial levels.

KOMPOSISI PEMEGANG SAHAM

S h a r e h o ld e r s C o mp o sit io n
Pemegang Saham per 31 Desember 2019 dan 2020

Shareholders as of 31 December 2019 dan 2020
2019 2020
Pemegang Saham Mayoritas di PT Astra Agro Lestari Tbk adalah Majority Shareholders in PT Astra Agro Lestari Tbk is
PT Astra International Tbk per 31 December 2020 PT Astra International
2019 Tbk as of 31 December 2020
Jardine Matheson Holdings Limited (Bermuda)

41,02% standard listing
Perusahaan Publik yang tercatat denganPremium di London dan
Listing
secondary listing di Bermuda dan Singapura
Public Company with standard listing in London and secondary listing in Bermuda and Singapore
84,89% 58,98%
Jardine Strategic Holdings Limited (Bermuda)

15,11% Perusahaan Publik yang tercatat denganPremium Listing
standard listing di London dan
secondary listing di Bermuda dan Singapura
Public Company with standard listing in London and secondary listing in Bermuda and Singapore
75,00%
Jardine Cycle & Carriage Limited (Singapore)

Perusahaan Publik yang tercatat Singapura
Public Company listed in Singapore
50,11%
79,68%

| Company Profile |
KRONOLOGI PENERBITAN SAHAM

C h r o n o l o g y o f St o ck List in g
322
224 45,00%
Rp 49 22 Jun 2020 45,00%
2020 Rp 42 9 Oct 2020 1.924.688.333
KRONOLOGI PENERBITAN DAN/ATAU

PENCATATAN EFEK LAINNYA
C h r o n o l o g y o f Ot h er List in g Secu ri ti es
Perseroan tidak menerbitkan dan/atau mencatatkan efek The Company has not issued any other securities.
lainnya.

ENTITAS ANAK
S U B S ID I A R IES

| Company Profile |

STRUKTUR GRUP PERUSAHAAN

C o mp a n y G ro u p St ru ct u re
Sulawesi Sulawesi Kalimantan Kalimantan Kalimantan Penyulingan Ventura

Riau Aceh Jambi Banten Barat Tengah Tengah Timur Selatan & Lainnya Bersama
West Sulawesi Central Sulawesi Central Kalimantan East Kalimantan South Kalimantan Refinery & Other Joint Venture
SLS PLB SAL PWR LTW LTT GSDI KED SAM TSL KJA*
85,00% 99,99% 90,00% 99,99% 99,99% 94,99% 95,00% 99,99% 99,99% 99,99% 50,00%
EDI KTS SRL ANA GSPP WKP PDL TBL ASK**

99,99% 99,99% 99,99% 99,99% 95,00% 99,99% 99,99% 99,99% 49,00%
TPP PSK SJA GSIP SKP CAP EDP

99,99% 99,99% 99,99% 99,99% 99,99% 99,99% 99,99%
SAI MMG CAN SINP STN CPN

99,99% 99,99% 99,99% 95,00% 99,99% 99,99%
KTU BDS RAS AMR BIM TBM

75,00% 99,80% 99,99% 99,99% 99,99% 99,99%
BCL PPS
99,99% 99,99%
NAL CNL
99,99% 99,99%
GSYM SAP
95,00% 99,99%
PBNA
95,00%
GSRP
99,99%
MBG
99,99%
* Penyulingan/Refinery (Dumai, Riau)

** Perdagangan/Trading (Singapura/Singapore)

| Company Profile |
LEMBAGA DAN PROFESI PENUNJANG

PASAR MODAL
C a p it a l M a rket Su p p o rt in g In st it uti ons and Pr ofes s i onal s
Au d it or Not ari s
Auditor Notary
Kantor Akuntan Publik/Public Accounting Firm Kumala Tjahjani Widodo, S.H., Mh, Mkn.
Tanudiredja, Wibisana, Rintis & Rekan Jl. Belawan No. 8
Anggota jaringan global PricewaterhouseCoopers/A member Jakarta Pusat 10150, Indonesia
of PricewaterhouseCoopers network of firm
Tel. : (62-21) 386-6602
World Trade Center 3
Fax : (62-21) 380-3139
Jl. Jendral Sudirman Kav. 29-31
Melakukan jasa notaris untuk Rapat Umum Pemegang Saham
Jakarta 12920, Indonesia Tahunan Perseroan, untuk periode penugasan 2020. Atas
jasa tersebut, Perseroan memberikan penghargaan sesuai
Tel. : (62-21) 5099-2901, 3119-2901
hasil negosiasi dengan mempertimbangkan penugasan yang
Fax : (62-21) 5290-5555, 5290-5050 diberikan Perseroan.
Homepage : www.pwc.com/id To conduct notary services for the Annual General Meeting
of the Shareholder of the Company, for assignment period
Melakukan jasa audit laporan keuangan Perseroan, untuk in 2020. For the services, the Company give its reward as a
periode penugasan 2020. Atas jasa tersebut, Perseroan result of negotiation, considering the services, assigned by
memberikan kompensasi sesuai surat perikatan audit yang the Company.
ditandatangani.
Conducting audit services for the financial statements of the
Company, for assignment period in 2020. For the services,
the Company gives its compensation based on the signed
engagement letter.
B iro Ad ministr as i E f e k Lembaga Penyi mpanan dan Penyel esai an
Share Administration Office Securities Depository and Settlement Institution
PT Raya Saham Registra PT Kustodian Sentral Efek Indonesia
Gedung Plaza Sentral, Lantai 2 Gedung Bursa Efek Indonesia Tower 1, Lantai 5
Jl. Jend. Sudirman Kav. 47-48 Jakarta 12930, Indonesia Jl. Jend. Sudirman Kav. 52-53
Tel. : (62-21) 252-5666 Jakarta 12190, Indonesia
Fax : (62-21) 252-5028 Tel. : (62-21) 515-2855
Melakukan jasa sehubungan dengan data para pemegang Fax : (62-21) 5299-1199
saham Perseroan, untuk periode penugasan 2020. Atas jasa Melakukan jasa penyimpanan dan penyelesaian transaksi
tersebut, Perseroan memberikan penghargaan sesuai hasil sehubungan dengan transaksi di pasar modal dan data
negosiasi dengan mempertimbangkan penugasan yang para pemegang saham Perseroan, untuk periode penugasan
diberikan Perseroan. 2020. Untuk tahun 2020, Perseroan telah membayar biaya
To conduct services in connection with the shareholders data of tahunan berdasarkan standar yang berlaku di KSEI.
the Company, for assignment period in 2020. For the services, To conduct central depository and transaction settlement
the Company give its reward as a result of negotiation, services in connection with transaction in capital market and
considering the services, assigned by the Company. the shareholders' data of the Company, for assignment period
in 2020. For the year 2020, the Company has paid the annual
based on the standard prevail in KSEI.

PENGHARGAAN 2020
Aw a r d s 2 0 2 0
INDONESIA'S BEST CORPORATE INDONESIA'S BEST CORPORATE

SUSTAINABILITY INITIATIVES 2020 SUSTAINABILITY INITIATIVES 2020
"PENGELOLAAN SAMPAH, PROGRAM "ASTRA AGRO LESTARI RESPONSIBLE
TIRTA LESTARI" BUSINESS PRACTICES"
MIX Marcomm SWA MIX Marcomm SWA
22 Oktober / October 22 Oktober / October
ESG AWARD 2020 ESG AWARD 2020

KETERBUKAAN PENGUNGKAPAN KETERBUKAAN PENGUNGKAPAN
ESG EMITEN SEKTOR PERTANIAN DAN ENVIRONMENTAL (E) ESG EMITEN
PETERNAKAN TERBAIK SEKTOR PERTANIAN DAN
Majalah Investor - Beritasatu Media
PETERNAKAN TERBAIK
17 November / November
Majalah Investor - Beritasatu Media
17 November / November
ESG AWARD 2020 ESG AWARD 2020

KETERBUKAAN PENGUNGKAPAN KETERBUKAAN PENGUNGKAPAN
SOCIAL (S) ESG EMITEN SEKTOR GOVERNANCE (G) ESG EMITEN
PERTANIAN DAN PETERNAKAN SEKTOR PERTANIAN DAN
TERBAIK PETERNAKAN TERBAIK
Majalah Investor - Beritasatu Media Majalah Investor - Beritasatu Media
17 November / November 17 November / November
TEMPO COUNTRY CONTRIBUTOR BISNIS INDONESIA AWARD

AWARD 2020 EMITEN SEKTOR PERTANIAN TERBAIK
THE MOST TAX FRIENDLY CORPORATE Bisnis Indonesia
COUNTRY CONTRIBUTOR AWARD 14 Desember / December
2020
PT Tempo Inti Media Tbk, dan Center for
Indonesia Taxation Analysis (CITA)
12 Agustus / August
INDONESIA BEST DIGITAL ICONOMICS EMITEN AWARD 2020

MARKETING AGRICULTURE
NATURAL RESOURCES PT IKON ASIA KOMUNIKASI
SWA Media Group 18 Desember / December
17 Desember / December
INDONESIA MOST ADMIRED CEO

2020 "THE RISE OF NEW LEADERSHIP
ERA TO ACCELERATE RECOVERY"
Warta Ekonomi
18 Desember / December

| Company Profile |
INFORMASI PADA SITUS WEB PERUSAHAAN

I n f o r ma t io n o n C o mpa n y 's Web site
Perseroan senantiasa menjalankan prinsip-prinsip GCG di The Company continues to implement GCG principles in all
segala aspek baik operasional dan juga bisnis. Perseroan aspects, both in operations as well as in doing business. Some
mengungkapan beberapa informasi penting pada situs web essential information disclosed by the Company on its website
www.astra-agro.co.id, antara lain: www.astra-agro.co.id are among others:
1. Riwayat Singkat Perusahaan. 1. Brief History of the Company.
2. Visi, Misi dan Nilai Perusahaan. 2. Vision, Mission and Corporate Values.
3. Informasi tentang Pemegang Saham Mayoritas dan 3. Information on Majority Shareholders and the number of
jumlah Pemegang Saham Publik. Public Shareholders.
4. Profil Dewan Komisaris, Direksi, Komite Audit, Komite 4. Profile of the Board of Commissioners, Board of Directors,
Nominasi dan Remunerasi, Sekretaris Perusahaan, Audit Audit Committee, Nomination and Remuneration
Internal. Committee, Corporate Secretary, Internal Audit.
5. Risalah Rapat Umum Pemegang Saham Tahunan dan 5. Minutes of Annual General Meetings of Shareholders and
Rapat Umum Pemegang Saham Luar Biasa. Extraordinary General Meetings of Shareholders.
6. Laporan Tahunan Perusahaan yang berawal dari tahun 6. Corporate Annual Reports starting from 2007.
2007.
7. Laporan Keberlanjutan Perusahaan dari tahun 2016. 7. Corporate Sustainability Report from 2016.
8. Laporan Keuangan Triwulan (Interim) dari tahun 2016. 8. Quarterly Financial Statements (Interim) from 2016.
9. Tanggung Jawab Sosial Perusahaan. 9. Corporate Social Responsibility (CSR).

Agile in taking
Opportunities
04
Analisis dan Pembahasan
Manajemen
Management Discussion and Analysis

| Analisis dan Pembahasan Manajemen |
TINJAUAN INDUSTRI
I N D US T R Y R E V IEW
Pemanen di PT Gunung Sejahtera Dua Indah, Kalimantan Tengah.

Harvester activities in PT Gunung Sejahtera Dua Indah, Central Kalimantan.
Tahun 2020 merupakan tahun yang sangat menantang The year 2020 was a difficult year for the palm oil industry.
bagi industri kelapa sawit. Pada awal tahun sampai dengan From the beginning of the year up to May, CPO prices dropped
bulan Mei, harga CPO mengalami penurunan mencapai USD to a low of USD 531 per ton. Fortunately, the market improved
531 per ton. Namun, harga CPO naik signifikan sampai considerably and by the end of the year we witnessed a
dengan akhir tahun 2020 dengan menyentuh harga significant rise in CPO prices, touching a high of USD 959 per
tertinggi sebesar USD 959 per ton. ton.
Naiknya harga CPO diakibatkan oleh berjalannya program This was primarily caused by the successful implementation
B30 yang mendorong permintaan di dalam negeri. Selain itu, of the B30 program which boosted demand in the domestic
naiknya permintaan bahan baku oleochemical yang berasal market. In addition, we also saw a rising demand for
dari kelapa sawit juga mengalami peningkatan akibat oleochemicals, a raw material derived from palm oil, caused
kebutuhan sanitasi dalam penanganan Covid-19 di seluruh by the global sanitation-related needs in handling of Covid-19,
dunia. Dari sisi penawaran, menurunnya produksi CPO yang On the supply side, the decrease in CPO production caused by
diakibatkan oleh efek musim kemarau dapat mendorong the dry season, was also a factor contributing to the increase
meningkatnya harga CPO. in prices.
Kondisi ini mendorong Perseroan untuk meningkatkan These conditions prompted the Company to improve its
produktivitas, efektivitas dan efisiensi yang berfokus pada productivity, effectiveness and efficiency by focusing on
pengembangan program Xpro yang mengacu pada developing the Xpro program which refers to Standard
Standard Operational Procedure (SOP). Dengan demikian Operating Procedures (SOP). Subsequently, the control
proses kontrol dan evaluasi dapat berjalan secara efektif. and evaluation program proceeded more effectively. The
Perseroan juga mengembangkan program digitalisasi yang Company also developed a digitalization program focused on
berfokus pada standarisasi proses kerja serta kecepatan standardizing work processes and the speed and accuracy of
dan ketepatan penyajian data melalui Operation Center data presented through the Operation Center of Astra Agro
of Astra Agro (OCA). Seluruh Aplikasi yang dikembangkan (OCA). All Applications were developed to integrate with OCA.
terintegrasi dengan OCA.

| Management Discussion and Analysis |
TINJAUAN OPERASIONAL
O P E R AT I O N A L REVIEW
PERKEBUNAN KELAPA SAWIT OIL PALM PLANTATION

Hingga tahun 2020, Perseroan telah mengelola perkebunan Up to 2020, the Company has managed 287,604 hectares
kelapa sawit tertanam seluas 287.604 hektar yang terdiri planted area of oil palm plantation, comprising 215,375
dari perkebunan inti seluas 215.375 hektar dan perkebunan hectares of nucleus plantations and 72,229 hectares
plasma/KKPA seluas 72.229 hektar. Perkebunan kelapa of plasma/KPPA plantations. These plantations can be found
sawit Perseroan tersebar di 3 (tiga) pulau di Indonesia, yaitu across three islands in Indonesia, namely 104,432 hectares
Sumatra seluas 104.432 hektar, Kalimantan seluas 131.528 on Sumatra, 131,528 hectares on Kalimantan, and 51,644
hektar dan Sulawesi seluas 51.644 hektar. Dari total lahan hectares on Sulawesi. The total area of planted crop
tertanam tersebut, seluas 266.920 hektar (92,8%) merupakan consists of 266,920 hectares (92.8%) of Mature Plantation
Tanaman Menghasilkan (TM) dan seluas 20.684 hektar (7,2%) (TM) and 20,684 hectares (7.2%) of Immature Plantation
merupakan Tanaman Belum menghasilkan (TBM). Perseroan (TBM). During this year, the Company was able to replant
telah berhasil melakukan replanting seluas 5.580 hektar 5,580 hectares.
pada tahun ini.
PABRIK KELAPA SAWIT PALM OIL MILLS
Perseroan saat ini mengoprerasikan 32 Pabrik Kelapa Currently the Company operated 32 palm oil mills with a
Sawit (PKS) dengan total kapasitas olah 1.570 ton/jam. total capacity of 1,570 tons/hr. The FFB processed in 2020
TBS olah tercatat sebesar 7,24 juta ton atau turun 11,7% jika was 7.24 million tons, showing a decrease of 11.7% compare
dibandingkan tahun 2019 sebesar 8,20 juta ton. TBS tersebut to 2019 which was 8.20 million tons. The FFB originated from
berasal dari kebun Perseroan dan kebun masyarakat the Company’s plantations and smallholder plantations, both
binaan, baik yang berasal dari kebun plasma maupun from plasma as well as partnership plantations. The effect
kebun kemitraan. Penurunan tersebut antara lain merupakan from long term drought or El-Nino in 2019 had a contributing
dampak dari terjadinya musim panas berkepanjangan atau on the declining productions.
El-Nino yang terjadi pada tahun 2019.
Produksi kernel tercatat sebesar 303 ribu ton atau turun The records show a kernel production of 303 thousand tons,
12,6% jika dibandingkan dengan tahun 2019 sebesar 346 representing a decrease of 12.6% compared to 2019 which
ribu ton. Kualitas Free Fatty Acid (FFA) tercatat sebesar 3,12% was 346 thousand tons. Free Fatty Acid (FFA) quality stood at
atau mengalami penurunan jika dibanding tahun 2019 3.12% or decreased from 3.19% in 2019.
sebesar 3,19%.
PABRIK PENGOLAHAN INTI SAWIT CRUSHER PLANTS
Perseroan memiliki 14 unit pabrik pengolahan inti sawit The Company has 14 palm kernel crusher plants with a
dengan kapasitas sebesar 1.500 ton/hari. Produk samping total daily capacity of 1,500 tons. Palm Kernel Expeller (PKE)
berupa Palm Kernel Expeller (PKE) dimanfaatkan sebagai as a by-product is utilized as additional nutrition for the crop.
tambahan nutrisi tanaman.
PABRIK PENGOLAHAN MINYAK SAWIT (REFINERY ) PALM OIL REFINERY
Di sektor hilir, untuk meningkatkan nilai tambah CPO melalui In the downstream sector, in order to improve the added
diversifikasi produk turunan, Perseroan telah memiliki pabrik value of CPO through diversification of derivative products, the
pengolahan minyak sawit yaitu PT Tanjung Sarana Lestari Company is operating a palm oil refinery, PT Tanjung Sarana
(TSL) di Kabupaten Mamuju Utara, Provinsi Sulawesi Barat Lestari (TSL) in North Mamuju Regency, West Sulawesi Province,
serta perusahaan ventura bersama PT Kreasijaya Adhikarya a joint venture company with PT Kreasijaya Adhikarya (KJA) in
(KJA) di Dumai, Provinsi Riau. Perseroan juga memiliki satu Dumai, Riau Province. In addition, the Company also has one
pabrik pengolahan inti sawit, yaitu PT Tanjung Bina Lestari PKO Refinery, PT Tanjung Bina Lestari (TBL) located in Mamuju
(TBL) di Kabupaten Mamuju Utara, Provinsi Sulawesi Barat. Utara Regency, West Sulawesi Province.
Kegiatan operasional PT Tanjung Sarana Lestari dan PT In its operations, PT Tanjung Sarana Lestari and PT Tanjung
Tanjung Bina Lestari didukung sarana dermaga khusus Bina Lestari is making use of a special jetty for loading and
untuk kegiatan bongkar muat barang yang bisa disinggahi unloading of cargo, which has a capacity up to 20,000 dwt.
kapal sampai 20.000 dwt. Perseroan juga memiliki kantor Astra-KLK Pte. Ltd. a joint venture company established by
pemasaran di Singapura, dengan nama Astra KLK Pte.Ltd the Company and KL-Kepong Plantation Holdings Sdn. Bhd.
(ASK) yang merupakan ventura bersama antara Perseroan serves as the Company’s marketing arm in Singapore.
dengan KL-Kepong Plantation Holdings Sdn, Bhd.
Produksi dari pabrik pengolahan minyak sawit berupa olein, The Company’s palm oil refineries produce olein, stearin,
stearin , PFAD, RBDPO, RBDPKO dan PKFAD. Tahun 2020 PFAD, RBDPO, RBDPKO and PKFAD. The volumes produced in
tercatat volume produksi olein sebesar 372 ribu tons, stearin 2020 were olein 372 thousand tons, stearin 93 thousand tons,
sebesar 93 ribu tons, RBDPO sebesar 59 ribu tons dan PKFAD RBDPO 59 thousand tons and PFAD 23 thousand tons.
sebesar 23 ribu tons.

Pabrik pencampuran pupuk NPK PT Bhadra Cemerlang, Kalimantan Tengah.

NPK fertilizer blending plant PT Bhadra Cemerlang, Central Kalimantan.
PABRIK PENCAMPURAN PUPUK NPK NPK FERTILIZER BLENDING PLANTS

Pupuk merupakan salah satu kebutuhan dasar budidaya One of the most essential products needed in plantation
tanaman perkebunan. Untuk menjamin ketersediaan crops cultivation is fertilizer. To ensure the availability of
pupuk, Perseroan telah membangun pabrik pencampuran fertilizer, the Company has built a two fertilizer blending
pupuk di Pangkalan Bun, Kalimantan Tengah dan di plant located in Pangkalan Bun, Central Kalimantan, and
Donggala, Sulawesi Tengah. Produk yang dihasilkan pabrik in Donggala, Central Sulawesi. The plants produce a fertilizer
pencampuran pupuk berupa NPK dengan kapasitas sebesar blend known as NPK with total capacity of 200,000 tons of
200.000 ton. NPK.
Selain untuk kebutuhan internal perseroan, keberadaan Apart from filling the Company’s internal need, the existence
pabrik pencampuran pupuk tersebut juga menjawab of the fertilizer blending plant also meets the need for
kebutuhan pupuk petani plasma dan kemitraan dengan fertilizer of the plasma smallholder and partner plantations,
penyaluran pupuk melalui lembaga keuangan mikro atau which supplies went through microfinance institutions or
koperasi. cooperatives.
PENINGKATAN PRODUKTIVITAS TANAMAN IMPROVEMENT OF CROP PRODUCTIVITY
Musim kemarau panjang yang terjadi pada tahun 2019 The long term drought in 2019 affected the Company’s
memberikan dampak terhadap operasional perkebunan plantation operations in 2020 causing a declining crop
Perseroan di tahun 2020, sehingga produktivitas tanaman productivity in several regions of the Company’s plantations.
menurun di beberapa wilayah perkebunan Perseroan. On the other hand, the wet monsoon at the end of the year
Sedangkan kemarau basah yang terjadi di penghujung tahun caused inundations on a number of plantations.
ini menyebabkan beberapa daerah perkebunan Perseroan
tergenang air.
Untuk mengatasi masalah tersebut, Perseroan memantau To anticipate the problem, the Company intensively monitored
curah hujan secara intensif dengan penggunaan alat ukur the rainfall using instruments to measure the rainfall at all
curah hujan di semua kebun Perseroan. Untuk menjaga of the Company’s plantations. Likewise, in order to mitigate
kelembaban lingkungan akibat genangan air, Perseroan the effects of humidity to the environment caused by the

melakukan pruning agar jumlah pelepah sesuai dengan inundation, the Company pruned the crops to keep the
standar. number of fronds according to standards.
Penggunaan bahan organik berbentuk padat maupun The Company also uses solid and liquid organic
cair dijalankan secara intensif oleh Perseroan, terutama fertilizers, specifically for young crop and marginal areas.
untuk tanaman muda dan areal yang marginal. Program The mechanism of using anorganic fertilizers were
mekanisasi pupuk anorganik juga dijalankan dalam upaya implemented to improve operational effectiveness.
meningkatkan efektivitas operasional.
Dalam proses panen, Perseroan menerapkan kebijakan The Company implemented a policy of excellent harvest with a
panen excellent dengan ketuntasan panen sebesar 95% weekly harvest completion rate of 95% to maintain the harvest
setiap minggunya sehingga rotasi panen terus terjaga. rotation.
Untuk mendukung proses rawat dan panen yang Excellent , To support the excellent upkeep and harvest, the Company
Perseroan menerapkan program Excellent Productivity (Xpro). implemented an Excellent Productivity (Xpro) program.
Program Xpro berfokus pada proses kontrol berjenjang, The Xpro program focuses on a tiered control program,
pengaturan jam kerja, insentif bagi pekerja, pelaporan hasil regulating of working hours, incentives for the workers,
kerja dan tracking lokasi pekerja, sehingga proses rawat dan reporting of work performed and tracking the workers’
panen menjadi semakin efektif dan efisien. Seluruh proses location, so that the upkeep and harvesting activities become
Xpro menggunakan aplikasi digital. more effective. The entire Xpro process uses a digital
application.
Melalui Xpro, proses tersebut menjadi semakin efektif dan Using Xpro, the process becomes increasingly effective
efisien dengan berfokus pada proses kontrol berjenjang, and efficient by focusing on the tiered control process,
pengaturan jam kerja, insentif bagi pekerja, pelaporan regulation of working hours, incentives for the workers,
hasil kerja dan tracking lokasi pekerja. Setiap proses dalam reporting of work performed and tracking of workers
Program Xpro dijalankan melalui aplikasi digital. location. Each process of the Xpro Program is carried out
through a digital application.
Selain itu, peremajaan umur tanaman (replanting) juga In addition, the Company also carried out replanting as
dilakukan sebagai upaya intensifikasi yield sesuai an effort to intensify crop yield to circumvent the limitation
dengan moratorium kelapa sawit yang tidak mengizinkan of the oil palm moratorium which prohibits opening of new
pembukaan lahan baru. Dalam proses replanting , Perseroan areas for oil palm plantations. In the replanting process, the
terus berupaya menjaga produktivitas tanaman tanpa Company constantly strives to maintain the crop productivity
mengabaikan keseimbangan ekosistem. without neglecting the balance of the ecosystem.
Aplikasi sistem Pengendalian Hama Terpadu (PHT) tetap The Integrated Pest Control (PHT) system has been consistently
dilakukan untuk menekan populasi hama kelapa sawit applied to reduce the population of oil palm pests utilizing
dengan memanfaatkan musuh alami hama tersebut. Untuk their natural enemies. To reduce the population of Oil Palm
menekan populasi hama Ulat Pemakan Daun Kelapa Sawit Leaf Eaters (UPDKS), the Company has been cultivating the
(UPDKS), Perseroan berupaya mengembangkan serangga Sycanus sp. predator insects to be released in the areas
predator Sycanus sp. untuk dilepaskan ke dalam areal that are prone to potential attacks by these UPDKS. To
kebun yang memiliki potensi serangan hama UPDKS. Dalam support the pest control program, the company prepared
menunjang hal tersebut, Perseroan telah membuat area 2,273 points of conservation area for predator insects and
konservasi untuk serangga predator dan parasitoid sebanyak parasitoids in those potentially attacked blocks. At the same
2.273 titik di blok-blok berpotensi serangan. Sedangkan time, the Company set up 7,641 owl nests to reduce the
untuk menekan populasi tikus, sebanyak 7.641 sarang rat population throughout the plantations.
burung hantu didirikan di seluruh perkebunan Perseroan.
Sycannus sp sebagai serangga pemangsa Ulat Pemakan Daun Kelapa Sawit.

Sycannus sp as the predator of Catepillar as Oil Palm Leaf-Eaters.

Operator Crane di PT Gunung Sejahtera Dua indah, Kalimantan Tengah.

Crane Operator at PT Gunung Sejahtera Dua Indah, Central Kalimantan.
Manajemen Transportasi dan Sistem Tata Kelola Air Transport and Water Management System
Transportasi TBS merupakan salah satu bagian penting FFB transportation is one of the important parts of the main
dari proses bisnis utama, yaitu panen-angkut-olah. Oleh business process, namely harvest-transport-process.
karena itu, Perseroan menerapkan kebijakan efektivitas Therefore, the Company implemented a policy of
dan produktivitas dalam prosesnya. Penentuan moda effectiveness and productivity in these processes. Determining
transportasi dan sistem di dalamnya menjadi kunci utama the transport mode and its inherent system is the major key
dalam keberhasilan proses tersebut. Perseroan menggunakan to the success of the process. There are three transportation
3 moda transportasi, yaitu penggunaan unit Dump Truck Arm modes available to the Company, namely a Dump Truck Arm
Roll dan Bin untuk panen mekanisasi dengan traktor, unit Roll and Bin for mechanized harvesting using a tractor, a Dump
Dump Truck Crane untuk panen mekanisasi dengan wintor Truck Crane for mechanized harvesting using a Wintor,
dan unit Dump Truck Manual untuk panen spesialisasi. Selain and a Manual Dump Truck for specialized harvesting. Also,
itu, sistem manajemen jadwal transportasi diatur sesuai the transportation schedule management system is set in line
dengan target produktivitas masing-masing unit, jarak with the production target of the respective units, distance
tempuh, produksi panen TBS dan kapasitas olah pabrik. traveled, the volume of the harvested FFB and the processing
capacity of the mill.
Tahun ini perseroan menghadapi musim kemarau basah This year, the Company faced a wet monsoon with heavy
yaitu kemarau dengan curah hujan yang cukup tinggi di rainfalls in several areas, particularly on Sulawesi and South
beberapa wilayah khususnya Sulawesi dan Kalimantan Kalimantan. The main water channels, both inlet and
Selatan. Pengendalian saluran air induk, baik inlet maupun outlet had to be controlled constantly to avoid prolonged
oulet terus dilakukan agar air tidak menggenang lama dalam inundation in a block also monitoring the dipwell to maintain
blok serta monitoring dipwell agar level air tetap terjaga. proper water levels.
Manajemen Infrastruktur dan Workshop Infrastructure Management and Workshop
Perseroan memastikan kondisi infrastruktur yang akan The Company ensures that the road infrastructure is
digunakan selalu dalam kondisi baik ( ready for use ) always in a state of ready-to-use by supervising the regular
dengan melakukan kontrol terhadap maintenance maupun maintenance and repair of the infrastructure. These activities
melakukan kontrol terhadap proses serta perbaikan utilized digital technology connected to the Operation of Astra
terhadap infrastruktur secara berkala. Kegiatan tersebut Agro (OCA). The Company also ensures that all transportation
memanfaatkan teknologi digital dan teknologi yang terhubung units are always in a state of ready-to-use so as to prevent
dengan Operation Centre of Astra Agro (OCA). Perseroan any disruptions in FFB transportation.
juga memastikan semua unit angkut selalu dalam kondisi siap
pakai agar tidak menganggu proses pengangkutan TBS.

Proses penelitian di PT Gunung Sejahtera Ibu Pertiwi, Kalimantan Tengah.

Research activity at PT Gunung Sejahtera Ibu Pertiwi, Central Kalimantan.
Foto/photo : Dionisius Neing-PT GSIP
PENELITIAN DAN PENGEMBANGAN RESEARCH AND DEVELOPMENT

Tanaman Kelapa Sawit merupakan tanaman tahunan The Oil Palm is an annual plant, therefore, longer time is
sehingga membutuhkan waktu yang lama untuk needed to obtain results from research. Research conducted
memastikan hasil penelitian. Penelitian yang dilakukan by the Company focuses on the production cost efficiency in
perseroan berfokus pada efisiensi biaya produksi di sektor
the agronomic sectors by way of:
agronomi dengan cara:
1. Penelitian untuk mendapatkan varietas tanaman baru 1. Research to obtain new plant varieties with higher
dengan produktifitas yang lebih tinggi serta pemuliaan productivity and enriching to obtain superior properties
untuk mendapatkan karakter unggul masih terus are still being conducted. A molecular biology approach
dilakukan. Pendekatan Biologi molekuler juga dilakukan is taken to ensure that the superior properties of the
untuk memastikan sifat unggul varietas tanaman baru new varieties can be passed on to seedlings that will be
dapat diturunkan pada benih yang akan ditanam. planted.
2. Penelitian terhadap pemanfaatan mikroba tanah 2. Research on using ground microbes to improve the
untuk meningkatkan efektifitas penggunaan pupuk effectiveness of fertilizers is currently at the stage of pilot
yang saat ini sudah pada skala demonstrasi. demonstration scale.
3. Penelitian mengenai pengendalian hama dan penyakit 3. Research on pest control and plant pathology focuses
tanaman (HPT) difokuskan pada serangan busuk pangkal on attacks by wood-decaying fungi and the Odoiporus
batang serta kumbang penggerek batang pada tanaman longicollis on the replanted crop. This research
replanting . Hal tersebut ditujukan untuk menghindari specifically aims to avoid losses caused by plant
kerugian akibat dampak serangan HPT. pathological attacks.
4. Penelitian teknik budidaya tanaman bertujuan 4. Research on crop cultivation techniques to ensure that
memastikan tanaman replanting dapat berproduksi replanted crops can reach a potential production.
sesuai potensi.
Semua penelitian tersebut didukung oleh kesiapan All research was supported by the readiness of laboratory
laboratorium analisa dengan peralatan lengkap yang analysis entirely using accredited equipment and digital data
terakreditasi serta tehnik pengumpulan data secara digital collection techniques. Moreover, the latest analysis version
dan analisa versi yang terbaru untuk mendapatkan hasil was used to obtain valid research results. Equally important,
penelitian yang valid. Pemilihan lokasi Penelitian juga research locations at several plantation areas throughout
dilakukan di beberapa areal perkebunan Perseroan Indonesia were selected to anticipate the ground conditions
diseluruh Indonesia sehingga kondisi tanah dan iklim and the specific climate.
spesifik dapat diantisipasi.
Pada tahun ini, Perseroan telah mendapat ijin tim Pelepas This year, the Company received approval from the Variety
varietas Kementrian Pertanian (Kementan) untuk dapat Release Team of the Ministry of Agriculture to produce oil palm
memproduksi benih kelapa sawit dari kebun induk perseroan seedlings from the Company's nucleus plantations under the
dengan nama AAL Lestari, AAL Sejahtera dan AAL Nirmala. names of AAL Lestari, AAL Sejahtera, and AAL Nirmala.
ASPEK PRODUKSI THE PRODUCTION ASPECT
Perseroan memproduksi TBS yang berasal dari kebun inti During 2020, the Company’s FFB production from nucleus and
dan plasma sebesar 4,63 juta ton atau turun sebesar 7,7% plasma plantations totaled 4.63 million tons representing a
dibandingkan tahun 2019 sebesar 5,02 juta ton. Selain itu, decrease of 7.7% compared to 5.02 million tons in 2019. Apart

Ruangan Daily Indicator of Astra Agro (DINDA)

Daily Indicator of Astra Agro (DINDA( room.
TBS pihak ketiga ikut mengalami penurunan sebesar 18,1% from that, third-party FFB also decreased by 18.1% from 3.18
dari 3,18 juta ton pada tahun 2019 menjadi 2,61 juta ton million tons in 2019 to 2.61 million tons in 2020. This was
pada tahun 2020. Hal tersebut disebabkan oleh dampak dari mainly attributed to the effect of the long term drought
musim kemarau panjang yang terjadi pada tahun 2019. season during 2019.
PKS Perseroan telah mengolah TBS sebesar 7,24 juta ton atau The Company’s processed 7.24 million tons of FFB representing
turun sebesar 11,7% dari tahun 2019 sebesar 8,20 juta ton. a decrease of 11.7% against 8.20 million tons in 2019. From
Dari TBS yang diolah tersebut, PKS Perseroan menghasilkan the FFB processed, palm oil mills produced was 1.43 million
CPO sebesar 1,43 juta ton atau turun sebesar 13,6% dari tons or decreased by 13.6% from 1.65 million tons in 2019.
tahun 2019 sebesar 1,65 juta ton. Hal tersebut sejalan dengan This was in line with the kernel production, which showed
produksi kernel yang ikut mengalami penurunan sebesar a decrease of 12.6% from 346 thousand tons in 2019 to 303
12,6% dari 346 ribu ton di tahun 2019 menjadi 303 ribu ton thousand tons in 2020.
pada tahun 2020.
ASPEK PEMASARAN MARKETING ASPECT
Perseroan telah mencatat penjualan CPO pada tahun In 2020, the Company recorded a CPO sales volume of 1.50
2020 sebesar 1,50 juta ton atau turun sebesar 13,9% dari million tons equivalent to a decrease of 13.9% compared
tahun 2019 sebesar 1,74 juta ton. Penurunan tersebut diikuti to 1.74 million tons in 2019. This decrease was followed by
dengan penurunan penjualan produk turunan CPO sebesar a decrease in CPO derivative products of 12.7% from 605
12,7% dari 605 ribu ton di tahun 2019 menjadi 528 ribu ton di thousand tons in 2019 to 528 thousand tons in 2020.
tahun 2020.
Selain penjualan produk CPO dan turunannya, Perseroan In addition to the sales of CPO and its derivatives,
juga mencatat penjualan Kernel pada tahun 2020 sebesar the Company also recorded a Kernel sales volume of
197 ribu ton atau turun sebesar 24,5% dari tahun 2019 197 thousand tons or decreased by 24.5% compared to 261
sebesar 261 ribu ton. Namun, penurunan tersebut tidak thousand tons in 2019. However, this did not affect the sales
mempengaruhi penjualan produk turunan Kernel dimana of kernel derivative products which showed an increase of
mengalami kenaikan sebesar 2,5% dari 88 ribu ton di tahun 2.5% from 88 thousand tons in 2019 to 91 thousand tons in
2019 menjadi 91 ribu ton di tahun 2020. 2020.
Perseroan memasarkan semua produknya di dalam negeri The Company marketed all products on both the domestic as
maupun ke luar negeri. Beberapa tujuan pasar luar well as the international markets. Among the international
negeri Perseroan adalah Tiongkok, Korea Selatan, India, markets served by the Company are China, South Korea,
Banglades, Filipina, Pakistan, Singapura dan Kenya. India, Bangladesh, Philippines, Pakistan, Singapore and Kenya.

TINJAUAN FUNGSI PENDUKUNG

R E V I E W O F SU PPO RT IN G F U N C T IO NS Ruang monitor proses pabrik melalui aplikasi MELLI.
Monitor room of mills process with MELLI application.
TINJAUAN FUNGSI PENDUKUNG

RE V IE W O F S U PPORT IN G F U N C T IO NS
TEKNOLOGI INFORMASI INFORMATION TECHNOLOGY

Perseroan memanfaatkan dan mengaplikasikan teknologi The Company utilized and applied digital technology in all
digital di seluruh proses dan tahapan produksi pabrik kelapa processes and production stages of the palm oil mills, for
sawit dengan tujuan meningkatkan produktivitas dan kinerja the purpose of improving its productivity and performance to
Perseroan agar semakin efektif dan efisien. become increasingly effective and efficient.
Melalui aplikasi DINDA ( Daily Indicator of Astra Agro), Through the applications DINDA (Daily Indicator of Astra
AMANDA (Aplikasi Mandor Astra) dan MELLI ( Mills Excellence Agro), AMANDA (Aplikasi Mandor Astra) and MELLI (Mills
Indicator ) yang terintegrasi oleh OCA, Perseroan mampu Excellence Indicator), which are integrated in OCA, the
memperoleh data-data yang akurat mengenai operasional Company was able to obtain accurate real-time date of
kebun secara real-time sehingga analisa dan keputusan the plantation operations which enabled to make it quicker,
dapat diambil lebih cepat, tepat dan akurat. more appropriate and more accurate.

TINJAUAN KEUANGAN
F in a n c ia l R ev iew
LAPORAN LABA RUGI PROFIT AND LOSS STATEMENT

Pendapatan Bersih Net Revenue
Perseroan mencatat pendapatan bersih pada tahun 2020 The Company recorded net revenue in 2020 of Rp 18.81
sebesar Rp 18,81 triliun atau mengalami kenaikan sebesar trillion or increased by 7.76% from Rp 17.45 trillion in 2019.
7,76% dari Rp 17,45 triliun pada tahun 2019. Peningkatan This increase was due to the strengthening of CPO price in
tersebut disebabkan oleh menguatnya harga CPO pada 2020 even though the sales volume of CPO and its derivatives
tahun 2020 walaupun volume penjualan CPO dan turunannya decreased by 13.60%.
mengalami penurunan sebesar 13,60%.
Laba Bruto Gross Profit

Laba bruto Perseroan mengalami peningkatan sebesar The Company’s recorded a increase of gross profit by 38.2%
38,2% dari Rp 2,14 triliun pada tahun 2019 menjadi Rp 2,96 from Rp 2.14 trillion in 2019 to Rp 2.96 trillion in 2020. The
triliun pada tahun 2020. Margin laba bruto juga mengalami gross profit margin also increased from 12.3% in 2019 to 15.8%
peningkatan dari 12,3% di tahun 2019 menjadi 15,8% di tahun in 2020, mainly due to increase of average selling price of
2020, terutama disebabkan oleh kenaikan harga rata-rata CPO and its derivatives, also kernel and its derivatives despite
CPO dan turunannya, serta kernel dan turunannya walaupun the number of purchases from third parties CPO and FFB have
jumlah pembelian CPO dan TBS pihak ketiga mengalami increased.
peningkatan.
Laba yang dapat diatribusikan kepada Pemilik Perusahaan Profit Attributable to Owners of the Company
Laba yang dapat diatribusikan kepada pemilik perusahaan Profit attributable to owners of the Company increased by
mengalami kenaikan sebesar 294,61% dari Rp 211,11 miliar 294.61% from Rp 211.11 billion in 2019 to Rp 833.09 billion
pada tahun 2019 menjadi Rp 833,09 miliar pada tahun in 2020. The increase in profit attributable to Owners of
2020. Besarnya peningkatan laba yang dapat diatribusikan the Company was mainly influenced by the increase in the
kepada pemilik Perusahaan ini terutama dipengaruhi oleh average selling price of CPO by 27.8% from Rp 6,689/kg in
faktor kenaikan harga jual rata-rata CPO sebesar 27,8% dari 2019 to Rp 8,545/kg in 2020.
Rp 6.689/kg pada tahun 2019 menjadi Rp 8.545/kg pada
tahun 2020.
Penghasilan Komprehensif Lain Other Comprehensive Income
Perseroan membukukan rugi bersih setelah pajak untuk The Company recorded net loss after tax of remeasurements
pengukuran kembali atas kewajiban imbalan pascakerja from post-employment benefit obligations Rp 4.79 billion and
sebesar Rp 4,79 miliar dan kerugian lindung nilai arus cash flow hedge loss of Rp 421.74 billion. While in 2019 net gain
kas sebesar Rp 421,74 miliar. Sedangkan pada tahun 2019 of Rp 15.60 billion of remeasurement from post-employment
keuntungan bersih setelah pajak untuk pengukuran kembali benefit obligations and cash flow hedge gain of Rp 233.25
atas kewajiban imbalan pascakerja tercatat sebesar billion were recorded. Other comprehensive income was the
Rp 15,60 miliar dan keuntungan lindung nilai arus kas account that recorded gains or losses related to changes in
sebesar Rp 233,25 miliar. Penghasilan komprehensif lain assumptions and experience adjustment on the calculation
merupakan akun yang mencatat keuntungan atau kerugian of employee benefits obligation and changes in fair value of
terkait perubahan asumsi dan penyesuaian pengalaman atas cash flow hedges.
perhitungan kewajiban imbalan kerja dan perubahan nilai
wajar atas lindung nilai arus kas.
Total Laba/(Rugi) Komprehensif Total Comprehensive Income/(Loss)
Perseroan mencatat total laba komprehensif sebesar The Company recorded total comprehensive income of
Rp 467,25 miliar pada tahun 2020 yang mengalami Rp 467.25 billion in 2020 that got increased compared to
kenaikan dibandingkan total rugi komprehensif pada tahun total comprehensive loss in 2019 which was Rp 5.22 billion
2019 sebesar Rp 5,22 miliar, terutama karena peningkatan mainly due to increase of average selling price of CPO and its
harga jual rata-rata CPO dan turunannya, serta kernel dan derivatives, and also kernel and its derivatives.
turunannya.

LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION

Aset Assets
Total aset Perseroan pada tahun buku yang berakhir di 31 Desember The Company's total assets for the financial year ended 31 December
2020 adalah sebesar Rp 27,78 triliun atau naik 3% dibandingkan 2020 amounted to Rp 27.78 trillion or increased 2.99% compared to
total aset tahun buku sebelumnya yaitu sebesar Rp 26,97 triliun. the total assets of financial year in 2019, which was Rp 26.97 trillion.
Peningkatan aset Perseroan ini disebabkan pada kenaikan Increase in the Company's assets due to the increase of current
kelompok aset lancar dari Rp 4,47 triliun pada tahun 2019 menjadi assets group from Rp 4.47 trillion in 2019 to Rp 5.94 trillion in 2020,
Rp 5,94 triliun pada tahun 2020 terutama kenaikan pada bagian kas especially the increases in the portions of cash and cash equivalents,
dan setara kas, piutang usaha dan persediaan. Sedangkan aset trade receivables and inventories. Meanwhile, non-current assets
tidak lancar mengalami penurunan dari Rp 22,50 triliun pada tahun decreased from Rp 22.50 trillion in 2019 to Rp 21.84 trillion in 2020,
2019 menjadi Rp 21,84 triliun pada tahun 2020, terutama penurunan especially a mainly due to the decreases in the portions of fixed assets
pada bagian aset tetap dan tagihan restitusi pajak walaupun ada and claims for tax refunds despite an increase in plasma plantations.
peningkatan pada perkebunan plasma.
Aset Lancar Current Assets
Perseroan mencatat aset lancar sebesar Rp 5,94 triliun pada tahun The Company current assets in 2020 is Rp 5.94 trillion or increased by
2020 atau naik 32,78% dibandingkan posisi aset lancar tahun 32.78% compared to current assets in 2019 which is Rp 4.47 trillion.
2019 sebesar Rp 4,47 triliun. Peningkatan tersebut dipengaruhi This increase was influenced by several aspects, like the increase in
oleh beberapa aspek, yaitu kenaikan pada bagian kas dan setara the portions of cash and cash equivalents due to the increase in
kas akibat meningkatnya penjualan ekspor dan melemahnya kurs export sales and the weakening of the Rupiah exchange rate againts
Rupiah terhadap Dollar AS, kenaikan piutang usaha baik pihak ketiga the US Dollar, the increase in trade receivables from both third parties
dan pihak berelasi sehubungan penjualan ekspor, serta kenaikan and related parties in connection with export sales, and the increase
persediaan sehubungan dengan kenaikan stok CPO. in inventories due to the increase in CPO stock.
Aset Tidak Lancar Non-Current Assets
Aset tidak lancar Perseroan mengalami penurunan sebesar The Company’s non-current assets in 2020 decreased by 2.93% from
2,93% dari Rp 22,50 triliun pada tahun 2019 menjadi Rp 21,84 Rp 22.50 trillion in 2019 to Rp 21.84 trillion in 2020. This decrease
triliun pada tahun 2020. Penurunan ini terutama disebabkan oleh was mainly due to a decrease in fixed assets due to a decrease in
penurunan aset tetap yang disebabkan penurunan belanja modal capital expenditures and annual depreciation as well as a decrease
dan penyusutan tahunan rutin maupun penurunan pada tagihan in claims for tax refunds due to a refund of tax assessment for Value
restitusi pajak sehubungan dengan adanya pengembalian restitusi Added Tax and Corporate Income Tax although there have been
atas surat ketetapan Pajak untuk Pajak Pertambahan Nilai dan Pajak increase in plasma plantations in connection with the new plasma
Penghasilan Badan walaupun terdapat kenaikan atas perkebunan agreements.
plasma sehubungan dengan perjanjian plasma baru.
Liabilitas Liabilities
Perseroan mencatat kenaikan total liabilitas sebesar 6,73% dari The Company recorded an increase of total liabilities of 6.73% from
Rp 8,00 triliun pada tahun 2019 menjadi Rp 8,53 triliun pada tahun Rp 8.00 trillion in 2019 to Rp 8.53 trillion in 2020. This increase was
2020. Peningkatan ini disebabkan oleh kenaikan pada beberapa due to the increases in several current liabilities and non-current
kelompok liabilitas jangka pendek maupun liabilitas jangka panjang. liabilities accounts.
Liabilitas Jangka Pendek Current Liabilities
Liabilitas jangka pendek Perseroan mengalami kenaikan sebesar The Company’s current liabilities increased by 13.76% from
13,76% dari Rp 1,57 triliun pada tahun 2019 menjadi Rp 1,78 triliun Rp 1.57 trillion in 2019 to Rp 1.78 trillion in 2020. This was due to an
pada tahun 2020. Hal ini disebabkan oleh kenaikan beberapa increase in several current liabilities accounts like other liabilities
kelompok liabilitas jangka pendek seperti liabilitas lain-lain maupun and tax payable, also there were several current liabilities that
utang pajak, namun terdapat beberapa kelompok liabilitas jangka experienced decrease such as trade payables.
pendek yang mengalami penurunan seperti utang usaha.
Liabilitas Jangka Panjang Non-Current Liabilities
Liabilitas jangka panjang Perseroan mengalami kenaikan sebesar The Company’s non-current liabilities increased by 5.01% from
5,01% dari Rp 6,43 triliun pada tahun 2019 menjadi Rp 6,75 triliun Rp 6.43 trillion in 2019 to Rp 6.75 trillion in 2020, mainly on
pada tahun 2020, terutama pada kenaikan pinjaman bank jangka increased in other liabilities, mainly increased in long term
panjang akibat adanya translasi dan hutang lain lain. bank loans due to the translation and others liabilities.
Ekuitas Equity
Perseroan mencatat kenaikan ekuitas sebesar 1,42% dari The Company recorded an increase on equity by 1.42% from
Rp 18,98 triliun pada tahun 2019 menjadi Rp 19,25 triliun pada Rp 18.98 trillion in 2019 to Rp 19.25 trillion in 2020. This
tahun 2020. Peningkatan ekuitas ini seiring dengan kenaikan increase in equity is in line with increase in comprehensive
laba komprehensif tahun 2020, namun terdapat pembayaran income in 2020, however there are final and interim dividend
dividen final dan interim atas laba tahun buku 2019 dan 2020. payments on profit financial year for 2019 and 2020.

ARUS KAS CASH FLOW

Perseroan mencatat posisi kas dan setara kas pada akhir The Company recorded a position of cash and cash equivalents
tahun 2020 sebesar Rp 978,89 miliar atau naik 155,34% at the end of 2020 of Rp 978.89 billion or increased by
dibandingkan akhir tahun 2019 sebesar Rp 383,37 miliar. Hal 155.34% compared to the end of 2020 of Rp 383.37 billion.
ini dipengaruhi antara lain penerimaan kas dari pelanggan This influenced by, among others, cash receipts from customer
akibat kenaikan harga jual CPO serta penerimaan pajak yang due to the increase in the selling price of CPO as well as tax
berasal dari restitusi. revenue from restitution.
UTANG DAN STRUKTUR MODAL DEBTS AND CAPITAL STRUCTURE

Hasil analisis fundamental Perseroan dengan menghitung The result of the Company fundamental analysis was obtained
rasio gearing dimana pinjaman bersih dibandingkan dengan by calculating the gearing ratio where the Company’s net
kekayaan bersih Perseroan pada tahun 2020 adalah 24% loan compared to equity ratio in 2020 showed a figure of
[2019:28%]. Dengan kekayaan berwujud bersih yang dimiliki, 24% [2019:28%]. With the net tangible assets owned, the
Perseroan akan mampu untuk memenuhi kewajibannya baik Company will be able to meet both its short term and long
jangka pendek maupun kewajiban jangka panjang. term obligations.
Dalam mengelola permodalan, Perseroan akan selalu In managing the capital, the Company will continue to
memaksimalkan manfaat bagi seluruh pemegang saham maximize the benefits for all shareholders and other
dan para pemangku kepentingan lainnya. Perseroan akan stakeholders. It will continue to analyze each policy related to
terus menelaah setiap kebijakan terkait permodalan, akan capital and always ensure a healthy capital structure capable
selalu memastikan struktur modal yang sehat dan mampu of providing optimal returns to its shareholders.
memberikan pengembalian yang optimal bagi pemegang
saham.
KEBIJAKAN DIVIDEN DAN DIVIDEN KAS PER SAHAM DIVIDENDS POLICY AND CASH DIVIDENDS PER SHARE
Berdasarkan Keputusan Rapat Direksi yang telah memperoleh Based on the Director’s Meeting’s decision which was
persetujuan Dewan Komisaris pada tanggal 29 September approved by the Board of Commissioners on 29 September
2020 diputuskan untuk membagikan dividen kas interim atas 2020, it was decided to distribute interim cash dividends from
laba tahun buku 2020 sebesar Rp 80.837 juta atau Rp 42 the 2020 profit of Rp 80,837 million or Rp 42 (full amount) per
(Rupiah penuh) per saham kepada pemegang saham yang share to the shareholders registered as at 9 October 2020.
tercatat pada tanggal 9 Oktober 2020.
Dalam Rapat Umum Tahunan Pemegang Saham yang In the Annual General Shareholders’ Meeting held on 10 June
diselenggarakan pada tanggal 10 Juni 2020, pemegang 2020, the shareholders approved the distribution of cash
saham menyetujui pembagian dividen kas atas laba tahun dividends from the 2019 profit of Rp 94,309 million or Rp 49
buku 2019 sebesar Rp 94.309 juta atau Rp 49 (Rupiah penuh) (full amount) per share to the shareholders registered as at
per saham kepada pemegang saham yang tercatat pada 22 June 2020.
tanggal 22 Juni 2020.
IKATAN MATERIAL UNTUK INVESTASI BARANG MODAL MATERIAL COMMITMENT FOR CAPITAL GOODS
INVESTMENT
Per 31 Desember 2020, Perseroan memiliki komitmen untuk As of 31 December 2020, the Company committed to acquire
memperoleh aset tetap dengan nilai sebesar Rp 55 miliar. fixed assets with a total value of Rp 55 billion.
INVESTASI BARANG MODAL CAPITAL EXPENDITURE

Untuk mendukung aktivitas operasi, selama tahun 2020, To support operational activities, in 2020 the Company
Perseroan melakukan pembelanjaan barang modal dengan procured capital goods with a total value of Rp 999.2 billion
total nilai sebesar Rp 999,2 miliar dengan perincian sebagai with the following breakdown:
berikut:
dalam jutaan Rupiah in million of Rupiah

Aset Tetap Fixed Assets 461.413
Tanaman Produktif Bearer Plants 509.098
Aset Biologis Biological Assets 28.687
Jumlah Total 999.198

PROSPEK DAN RENCANA STRATEGIS 2021 PROSPECTS AND STRATEGIC PLANS FOR 2021
Tahun 2020 merupakan tahun yang penuh dengan 2020 is a year full of challenges for the Company, where there
tantangan bagi perusahaan, dimana terdapat virus is Covid-19 virus that has spread throughout the world. The
Covid-19 yang menyebar di seluruh dunia. Efek dari musim effect of long term drought season in 2019 still impacted in
kemarau panjang yang terjadi pada tahun 2019 juga masih decrease of palm oil production. Nonetheless, the Company
mengakibatkan penurunan produksi kelapa sawit. Walaupun optimist that long term prospect of oil palm plantation
demikian, Perseroan yakin bahwa jangka panjang sektor sector will remain positive.
perkebunan kelapa sawit masih prospektif.
Perseroan melihat bahwa permintaan masih akan stabil The Company sees that demand for palm oil will remain
mengingat penggunaan minyak sawit sebagai bahan baku stable given the use of palm oil as main raw material
utama pangan, non-pangan, maupun sebagai sumber of food and non-food products, as well as source of
bahan bakar nabati (biodiesel). Biodiesel merupakan upaya biodiesel. Biodiesel is the Government’s efforts to increase
Pemerintah dalam memperbesar daya serap produk the absorb ability of palm oil products in the domestic market.
minyak sawit di pasar dalam negeri. Dengan tantangan With the challenges and opportunities provided by the
serta peluang yang diberikan oleh Pemerintah, industri Government, palm oil industry can increase is productivity
kelapa sawit dapat meningkatkan produktivitas melalui through improving the management of oil palm plantations.
perbaikan tata kelola perkebunan kelapa sawit.
Perseroan akan berusaha sebaik mungkin untuk meningkatkan The Company will do its utmost to improve productivity and
produktivitas dan efisiensi biaya melalui strategi-strategi yang cost efficiency through strategies that will be implemented in
akan dijalankan pada tahun 2021, yaitu: 2021, among other:
1. Melanjutkan program intensifikasi dan automasi. 1. Continuing intensification, and automation program.
2. Melanjutkan pengembangan benih unggul dan aplikasi 2. Research in developing superior seeds and their practical
terapannya. applications.
3. Program Peremajaan tanaman (replanting). 3. Replanting program.
4. Melanjutkan operasi industri hilir yang sudah berjalan. 4. Continuing existing downstream industry operation.
5. Melanjutkan penerapan protokol kesehatan di area 5. Continuing the implementation of health protocols in
perusahaan maupun di lini bisnis perusahaan. Company’s area and business line.
6. Meningkatkan volume penjualan melalui pengembangan 6. Improving sales volume through developing
kerja sama dengan kebun masyarakat sekitar dan partnerships with surrounding smallholder plantations
pembelian CPO eksternal. and external CPO purchase.
7. Penerapan teknologi dalam proses bisnis untuk 7. Application of technology in business processes to
meningkatkan produktivitas dan efisiensi bagi increase the Company’s productivity and efficiency.
perusahaan.
8. Konsistensi dalam program Tanggung Jawab Sosial 8. Maintain consistency in implementing the Corporate
Perusahaan (Corporate Social Responsibility). Social Responsibility program.
TARGET 2021 2021 TARGETS

Potensi yang terdapat dalam industri sawit serta dengan Considering on the potential in the palm oil industry and the
memperhitungkan tantangan yang akan dihadapi tahun upcoming challenges in 2021, the Company has determined
2021, Perseroan mencanangkan beberapa target terkait related operational targets.
dengan operasional perusahaan.
Berikut adalah target operasional tahun 2021: The following are operational targets for 2021:
Target 2021
2021 Target
Total Lahan Sawit Tertanam | Total Oil Palm Planted Area 287,6 Ribu Ha | Thousand Ha
Sumatra 104,4 Ribu Ha | Thousand Ha
Kalimantan 131,5 Ribu Ha | Thousand Ha
Sulawesi 51,7 Ribu Ha | Thousand Ha
Total Produksi TBS (Inti dan Plasma) | Total FFB Production (Nucleus and Plasma) 4,8 Juta ton | Million tons
Yield TBS Inti-Ton/Ha | Nucleus FFB Yield-Tons/Ha 19,76 ton/Ha | tons/Ha
Total Produksi CPO-Ton | Total CPO Production-Tons 1,5 Juta ton | Million tons

INFORMASI MENGENAI INVESTASI INFORMATION ON INVESTMENT

Pada tahun 2020, Perseroan mengembangkan inovasi serta In 2020, the Company invest on the development of innovation
teknologi dalam mendukung kegiatan operasional Perseroan. and technology in supporting the Company’s operational
activities.
PENERAPAN PERNYATAAN STANDAR AKUNTANSI BARU THE IMPLEMENTATION OF NEW STATEMENTS OF
ACCOUNTING STANDARDS
Standar akuntansi yang telah dipublikasikan dan relevan The accounting standards which have been published and
terhadap kegiatan operasi Perseroan adalah sebagai berikut: relevant to the Company operations are as follows:
Berlaku efektif untuk tahun buku yang dimulai pada atau Effective for the year begin as at 1 January 2020
setelah tanggal 1 Januari 2020
Grup menerapkan standar baru yang berlaku efektif pada The Group adopted new standards that are effective in 2020.
tahun 2020. Perubahan kebijakan akuntansi Grup telah Changes to the Group’s accounting policies have been made
dibuat seperti yang disyaratkan, sesuai dengan ketentuan as required, in accordance with the transitional provisions in
transisi dalam masing-masing standar. the respective standards.
Grup telah melakukan penelaahan atas penerapan standar The Group has made assessments related to the adoption
baru yang relevan dengan operasi Grup, dimana penerapan of the new standards which are relevant to the Group’s
standar berikut menimbulkan dampak yang tidak material operations, where the implementation of following standards
terhadap laporan keuangan konsolidasian: has an immaterial impact on the consolidated financial
statements:
PSAK 71: Instrumen Keuangan PSAK 71: Financial Instruments
PSAK 71 menggantikan ketentuan PSAK 55, "Instrumen PSAK 71 replaces the provisions of PSAK 55 "Financial
keuangan: pengakuan dan pengukuran" yang terkait dengan instruments: recognition and measurement" that relate
pengakuan, klasifikasi dan pengukuran aset keuangan dan to the recognition, classification and measurement of
liabilitas keuangan, penurunan nilai aset keuangan dan financial assets and financial liabilities, impairment of
akuntansi lindung nilai. Sesuai dengan persyaratan transisi financial assets and hedge accounting. In accordance with
pada PSAK 71, Grup memilih penerapan secara retrospektif the transition requirements in PSAK 71, the Group elected
dengan dampak kumulatif pada awal penerapan diakui to apply retrospectively with the cumulative effect of initial
pada tanggal 1 Januari 2020 dan tidak menyajikan kembali implementation recognised at 1 January 2020 and not restate
informasi komparatif. the comparative information.
Pada tanggal 1 Januari 2020, Grup telah menilai model bisnis On 1 January 2020, the Group has assessed which business
mana yang berlaku untuk aset keuangan yang dimiliki grup models apply to the financial assets held by the group and has
dan telah mengklasifikasikan instrumen keuangannya ke classified its financial instruments into the appropriate PSAK
dalam kategori yang sesuai dengan PSAK 71. Grup diwajibkan 71 categories. The Group was required to revise its impairment
untuk merevisi metodologi penurunan nilai berdasarkan PSAK methodology under PSAK 71, "Financial instruments" for
71 untuk masing-masing kelompok aset tersebut. Kerugian each classes of assets. The identified impairment loss from
penurunan nilai yang teridentifikasi atas pemberlakuan PSAK implementation of PSAK 71 was immaterial.
71 tidak material.
Pengaturan akuntansi lindung nilai dalam standar ini tidak The Hedge accounting rules in this standard had no impact
berdampak pada pengakuan dan pengukuran instrumen on the recognition and measurement of the Group's derivative
keuangan derivatif Grup. financial instruments.
PSAK 72: Pendapatan dari Kontrak dengan Pelanggan PSAK 72: Revenue from Contracts with Customers
PSAK 72 menentukan pengakuan pendapatan, yaitu terjadi PSAK 72 determines that the revenue is recognised when
ketika pengendalian atas barang yang telah dialihkan control of goods has been transferred or when (or during) the
atau pada saat (atau selama) jasa diberikan (kewajiban rendering of services (performance obligation is satisfied).
pelaksanaan telah dipenuhi).
Sesuai dengan persyaratan transisi pada PSAK 72, Grup In accordance with the transition requirements in PSAK 72,
memilih penerapan secara retrospektif dengan dampak the Group elected to apply retrospectively with the cumulative
kumulatif pada awal penerapan diakui pada tanggal 1 Januari effect of initial implementation recognised at 1 January 2020
2020 dan tidak menyajikan kembali informasi komparatif. and not restate the comparative information. The underlying
Prinsip pengakuan pendapatan dan waktu pengakuan dari principles of new standard, relating to the measurement of
standar baru ini selaras dengan model dan praktik bisnis revenue and the timing of recognition, are closely aligned with
yang Grup lakukan. Sehingga, penerapan standar ini tidak the Group's current business model and practices. As a result,
menimbulkan dampak material terhadap laporan keuangan the adoption of this standard did not have a material impact
konsolidasian. on the consolidated financial statements.

PSAK 73: Sewa PSAK 73: Leases

Sehubungan dengan penerapan PSAK 73, Grup sebagai pihak In relation to the implementation of PSAK 73, the Group as
penyewa mengakui aset hak-guna dan liabilitas sewa terkait the lessee recognised right-of-use assets and lease liabilities
dengan sewa yang sebelumnya diklasifikasikan sebagai related to leases which were previously classified as operating
sewa operasi berdasarkan PSAK 30: Sewa, kecuali atas sewa leases based on PSAK 30: Leases, except for short-term leases
jangka pendek atau sewa dengan aset yang bernilai rendah. or leases with low value assets.
Sesuai dengan persyaratan transisi pada PSAK 73: Sewa, In accordance with the transition requirements in PSAK 73:
Grup memilih penerapan secara retrospektif dengan dampak Leases, the Group elected to apply retrospectively with the
kumulatif pada awal penerapan diakui pada tanggal 1 Januari cumulative effect of initial implementation recognised at 1
2020 dan tidak menyajikan kembali informasi komparatif, January 2020 and not restate the comparative information,
dan menggunakan cara praktis berikut yang telah diizinkan and has used the the following practical expedients permitted
oleh standar: (a) Akuntansi sewa operasi dengan sisa jangka by the standard: (a) Accounting for operating leases with a
waktu kurang dari 12 bulan pada tanggal 1 Januari 2020 remaining lease term of less than 12 months as at 1 January
sebagai sewa jangka pendek; (b) Menggunakan peninjauan 2020 as short-term leases; (b) Using hindsight in determining
kembali dalam menentukan jangka waktu sewa di mana the lease term where the contract contains options to extend
kontrak berisi opsi untuk memperpanjang atau mengakhiri or terminate the lease.
sewa.
Aset hak-guna diukur sebesar jumlah yang sama dengan Right-of-use assets were measured at the amount equal to
liabilitas sewa, disesuaikan dengan jumlah pembayaran the lease liability, adjusted by the amount of any prepaid or
sewa yang dibayar dimuka atau yang masih harus dibayar accrued lease payments relating to that lease recognised in
terkait sewa tersebut yang diakui di laporan posisi keuangan. the consolidated statement of financial position.
Perubahan kebijakan akuntansi mempengaruhi akun-akun The change in accounting policy affected the following
berikut di laporan posisi keuangan pada 1 Januari 2020 accounts in the consolidated statements of financial position
yaitu aset hak-guna dan liabilitas lain-lain masing-masing on 1 January 2020 in which right-of-use assets and other
meningkat sebesar Rp 48.412 juta dan Rp 32.947 juta. liabilities increased by Rp 48,412 million and Rp 32,947
million, respectively.
Berikut adalah standar dan interpretasi yang tidak The following standards and interpretation did not result any
menimbulkan dampak signifikan terhadap laporan keuangan significant impact in the consolidated financial statements:
konsolidasian:
• PSAK No. 1 (Amandemen 2019): Penyajian laporan • PSAK No. 1 (Amendment 2019): Presentation of financial
keuangan. statements.
• PSAK No. 15 (Amandemen 2017): Investasi pada Entitas • PSAK No. 15 (Amendment 2017): Investments in Associates
Asosiasi dan Ventura Bersama. and Joint Ventures.
• PSAK No. 25 (Amandemen 2019): Kebijakan akuntansi, • PSAK No. 25 (Amendment 2019): Accounting policies,
perubahan estimasi akuntansi, dan kesalahan. changes in accounting estimated and errors.
• PSAK No. 55 (Amandemen 2020-Tahap 1): Instrumen • PSAK No. 55 (Amendment 2020 – Phase 1): Financial
keungan: pengakuan dan pengukuran. instrument: recognition and measurement.
• PSAK No. 60 (Amandemen 2020-Tahap 1): Pengungkapan. • PSAK No. 60 (Amendment 2020 – Phase 1): Disclosures.
• PSAK No. 71 (Amandemen 2020-Tahap 1): Instrumen • PSAK No. 71 (Amendment 2020 – Phase 1): Financial
keuangan. instrument.
• PSAK No. 73 (Amandemen 2020-Tahap 1): Sewa. • PSAK No. 73 (Amendment 2020 – Phase 1): Leases.
• ISAK No. 36: Interpretasi atas interaksi antara ketentuan • ISAK No. 36: Interpretation on land rights provisions
mengenai hak atas tanah dalam PSAK 16: Aset tetap dan between PSAK 16: Fixed Assets and PSAK 73: Leases.
PSAK 73: Sewa.

Belum berlaku efektif untuk tahun buku yang dimulai pada Not effective for the year begin as at 1 January 2020:
tanggal 1 Januari 2020:
• PSAK No. 1 (Amandemen 2020): Penyajian laporan • PSAK No. 1 (Amendment 2020): Presentation of financial
keuangan statements
• PSAK No. 22 (Amandemen 2019): Kombinasi bisnis • PSAK No. 22 (Amendment 2019): Business combination
• PSAK No. 25 (Amandemen 2020): Kebijakan akuntansi, • PSAK No. 25 (Amendment 2020): Accounting policies,
perubahan estimasi akuntansi, dan kesalahan changes in accounting estimated and errors
• PSAK No. 55 (Amandemen 2020 - Tahap 2): Instrumen • PSAK No. 55 (Amendment 2020 – Phase 2): Financial
keungan: pengakuan dan pengukuran instrument: recognition and measurement
• PSAK No. 57 (Amandemen 2020): Provisi, liabilitas • PSAK No. 57 (Amendment 2020): Provisions, contingent
kontinjensi, dan aset kontinjensi liabilities, and contingent assets
• PSAK No. 60 (Amandemen 2020 - Tahap): Pengungkapan • PSAK No. 60 (Amendment 2020 – Phase 2): Disclosures
• PSAK No. 71 (Amandemen 2020 - Tahap 2): Instrumen • PSAK No. 71 (Amendment 2020 – Phase 2): Financial
keuangan instrument
• PSAK No. 73 (Amandemen 2020 - Tahap 2): Sewa • PSAK No. 73 (Amendment 2020 – Phase 2): Leases
Grup masih mempelajari dampak yang mungkin timbul atas The Group is still evaluating the possible impact on the
penerbitan standar akuntansi keuangan tersebut. issuance of these financial accounting standards.



"Baju yang terbuat dari Daur Ulang kertas F4."
"Dress made from F4 Recycle Paper."
Model :
Salsa Putri Rahmadhani-SMP Astra Agro Lestari

Consistency on
Good Corporate
Governance
Principles
05
Tata Kelola Perusahaan
Good Corporate Governance

| Ta t a K e l o l a P e r u s a h a a n |
Dalam menjalankan Tata Kelola Perusahaan yang Baik atau In the implementation of Good Corporate Governance (GCG)
Good Corporate Governance (GCG), Perseroan menerapkan the Company has applied a high standard that reflects its long-
standar yang tinggi dengan merefleksikan komitmen jangka term commitment to the vision and mission in developing and
panjang terhadap visi dan misi dalam membangun serta attaining a solid and sustainable system and structure of the
menciptakan sistem maupun struktur perusahaan yang Company. The Company established GCG as the guidelines in
tangguh dan berkelanjutan. Perseroan menetapkan GCG formulating policies and goals.
sebagai pedoman dalam membuat kebijakan dan sasaran.
Pelaksanaan GCG oleh Perseroan tidak hanya merangkum The implementation of GCG by the Company not only in
ketentuan regulasi, prinsip, norma dan praktik tata Kelola corporates the provisions of regulations, principles, norms,
yang baik, namun Perseroan turut memprioritaskan and practices of good governance, but the Company
implementasi dan pengembangan GCG Perseroan sehingga also prioritizes the implementation and development of
selaras dengan perubahan yang ada serta tetap relevan the Company’s GCG to be in line with existing changes
dengan operasional bisnis. Implementasi GCG menjadi and keeping them relevant to its business operations.
landasan dalam melindungi kepentingan para Pemangku Furthermore, the GCG is implemented as the basis for
Kepentingan sesuai dengan ketentuan Anggaran Dasar, protecting the interests of all Stakeholders in compliance with
Prinsip-prinsip GCG dan peraturan Perundang-undangan. the Articles of Association, GCG Principles, and prevailing
laws and regulations.
PRINSIP-PRINSIP TATA KELOLA PERUSAHAAN

G O O D C O R P ORAT E G OV ERN A N C E PRI NCI PLE S
Prinsip-prinsip standar internasional GCG yang menjadi The international GCG standard principles referred to the
acuan Perseroan adalah prinsip Transparansi, Akuntabilitas, Company are Transparency, Accountability, Responsibility,
Tanggung Jawab, Kemandirian dan Kewajaran. Independence, and Fairness.
Transparansi Transparency
Mensyaratkan Perseroan untuk mengungkapkan informasi The Company discloses all relevant information to its
relevan kepada Pemegang Saham dan Publik terkait kegiatan shareholders and the public about Company activities,
Perseroan, termasuk posisi keuangan serta kondisi Perseroan including the Company's financial position and condition
secara akurat dan tepat waktu. Sehingga informasi tersebut accurately also in a timely manner. Hence, the information
dapat digunakan oleh Pemegang Saham dan Pemangku provided allows the Shareholders and Stakeholders to make
Kepentingan terkait dengan membuat penilaian yang sesuai a proper assessment of the performance and potential risks
atas kinerja dan potensi risiko Perseroan. of the Company.
Akuntabilitas Accountability
Mengharuskan semua Organ Perusahaan yang terdiri dari Accountability mandates that all Company Organs
Dewan Komisaris, Direksi dan Rapat Umum Pemegang Saham comprising the Board of Commissioners, Board of
melaksanakan tugas dan tanggung jawab sesuai yang telah Directors, and the General Meeting of Shareholders to duly
ditetapkan. Setiap organ memiliki tugas dan wewenang perform their tasks and responsibilities. Each organ is vested
masing-masing yang dijalankan secara independen with its respective duties and authorities to be performed
sesuai dengan Anggaran Dasar Perseroan dan peraturan independently in accordance with the Company Articles of
perundangan yang berlaku. Association and prevailing laws and regulations.
Tanggung Jawab Responsibility
Mensyaratkan untuk mematuhi atas Prinsip-prinsip GCG, Requires compliance to the GCG principles, the Articles of
Anggaran Dasar, peraturan dan perundangan yang Association, prevailing laws and regulations, and to be
berlaku serta bertanggung jawab kepada masyarakat dan responsible to the society and environment.
lingkungan.
Kemandirian Independence
Mensyaratkan untuk tidak ada konflik kepentingan Requires the absence of conflicts of interest between the
dengan Pemegang Saham dan Pemangku Kepentingan Shareholders and Stakeholders for the purpose of maintaining
yang bertujuan untuk objektivitas dan independensi dalam objectivity and independence in making decision.
membuat keputusan.
Kewajaran Fairness
Mengharuskan untuk memberikan perlakuan yang adil Mandates the Company to deliver fair treatment to all
kepada seluruh Pemegang Saham serta Pemangku Shareholders and Stakeholders, in accordance with the
Kepentingan, sesuai dengan Anggaran Dasar Perseroan Company’s Articles of Association and prevailing laws and
dan Peraturan Perundang-undangan yang berlaku. regulations.

| Good Corporate Governance |
SELF-ASSESMENT PENERAPAN GCG 2020

G C G P R A C T I C ES SELF - A SSESSMEN T 2020
Hasil dari pengamatan atas pelaksanaan sistem tata Kelola Observations on the implementation of the corporate
dan kebijakan perusahaan pada tahun 2020 menunjukkan governance system and policies in 2020 showed that the
bahwa praktik GCG Perseroan telah sesuai dengan Company GCG practices were compliant with prevailing laws
Peraturan perundang-undangan yang berlaku. and regulations.
PENILAIAN PENERAPAN GCG UNTUK TAHUN BUKU 2020

DAN 2021
M E A S U R E M E N T OF G C G IMPLEMENTATI ON I N 2020 AND 2021
Penerapan Tata Kelola Perusahaan yang baik terus The Company Good Corporate Governance are continuously,
disesuaikan serta ditingkatkan secara konsisten sehingga and consistently adapted and improved in order to achieve
dapat mencapai visi, misi dan nilai Perseroan. Hal the Company’s vision, mission and values. This is reflected in
tersebut dicerminkan dalam upaya peningkatan kesadaran the efforts to raise awareness of all of the company’s lines of
pada seluruh lini perusahaan untuk mematuhi peraturan business to comply with applicable regulations and standards.
dan standar yang berlaku.
Sejalan dengan perkembangan yang ada, Perseroan secara In accordance with current developments, the Company
konsisten mematuhi penerapan peraturan baru di tingkat consistently complies with new regulations at the industry
industri. Pada tahun 2021, Perseroan memiliki berbagai aspek level. Some aspects that will further become the focus of
yang akan menjadi fokus pelaksanaan GCG secara lebih GCG implementation by the Company in 2020 include:
lanjut di antaranya:
• Harmonisasi implementasi GCG di Perseroan dengan • Harmonization of GCG implementation in the Company
Peraturan Otoritas Jasa Keuangan (POJK) dan Peraturan with the regulations of the Otoritas Jasa Keuangan (OJK)
Bursa Efek Indonesia (BEI). and the Indonesian Stock Exchange (IDX).
• Penilaian terhadap penerapan tata kelola perusahaan. • Assessment of good corporate governance against
implementation.
• Meningkatkan keterbukaan informasi kepada publik • Improvement of transparency of information to the public
sertaketersediaan informasi pada situs web Perseroan. including the availability of information on the Company
website.
• Perseroan melaksanakan Public Expose secara rutin. • Public Exposes are regularly organized by the Company.

RAPAT UMUM PEMEGANG SAHAM

G E NE R A L M EET IN G OF SH A REH O LDE RS
Rapat Umum Pemegang Saham Tahunan (RUPST) 2020

Annual General Meeting of Shareholders (AGMS) 2020
Sesuai dengan Undang-Undang 40 tahun 2007 tentang In accordance with the provisions of Law No.
Perseroan Terbatas (UU PT), Rapat Umum Pemegang Saham 40 of 2007 on Limited Liability Companies (UU
(RUPS) merupakan organ Perseroan yang mempunyai PT), the General Meeting of Shareholders (GMS) is an
wewenang yang tidak diberikan kepada Dewan Komisaris instrument of the Corporation vested with the authority
atau Direksi dalam batas yang ditentukan oleh UU PT not granted to the Board of Directors or the Board of
dan Anggaran Dasar. RUPS mempunyai peranan penting di Commissioners, within the limits as stipulated in the
law and the company’s Articles of Association. The GMS
dalam suatu perusahaan. Melalui RUPS, para pemegang
plays a crucial role in a company. Through the GMS,
saham mengambil keputusan-keputusan penting terkait shareholders make important decisions related to
dengan perusahaan, di antaranya mengevaluasi kinerja the company, such as evaluating the performance of
Dewan Komisaris dan Direksi, menyetujui Laporan Tahunan the Board of Commissioners and the Board of Directors,
serta menyetujui pengambilan keputusan strategis terkait approving the Annual Report, and approving strategic
aksi korporasi yang diajukan Direksi. Pemegang saham tidak decision made related to corporate actions proposed by
melakukan intervensi terhadap tugas, fungsi dan wewenang the Board of Directors. Shareholders neither intervene
Dewan Komisaris maupun Direksi. in the tasks, functions, and authorities of the Board of
Commissioners nor those of the Board of Directors.
RUPS merupakan otoritas tertinggi di Perseroan dan The GMS is the highest authority in the Company and
oleh karenanya memiliki hak untuk mengangkat dan therefore reserves the right to appoint and dismiss the
memberhentikan Dewan Komisaris dan Direksi serta Board of Directors and Board of Commissioners, and
meminta pertanggungjawaban mereka atas pengelolaan demand their responsibilities for management of the
Perseroan. Rapat Umum Pemegang Saham Tahunan Company. Annual General Meeting of Shareholders
(RUPST) merupakan kesempatan utama bagi Pemegang (AGMS) is the main opportunity for Shareholders to
make decisions on matters related to the Company’s
Saham untuk memberikan keputusan mengenai hal-
businesses and operations, including financial
hal terkait bisnis dan operasional Perseroan, termasuk
statement approval, dividend payment and profit
persetujuan laporan keuangan, pembayaran dividen dan distribution, the amount of remuneration for the
pembagian keuntungan, jumlah remunerasi Direksi dan Board of Directors and Board of Commissioners,
Dewan Komisaris, pengangkatan auditor independen, appointment of independent auditors, amendment
perubahan Anggaran Dasar dan pendelegasian wewenang of Articles of Association, and delegation of authority
kepada Direksi untuk menindaklanjuti hal-hal yang dibahas to the Board of Directors to take follow-up actions on
dan disetujui dalam RUPST. matters discussed and approved in the AGMS.

RUPS TAHUNAN 2020 2020 AGMS

Pada tahun 2020 Perseroan menyelenggarakan In 2020 the Company convened only one AGMS and did not
1 (satu) kali RUPS Tahunan dan tidak menyelenggarakan convene an Extraordinary GMS. The AGMS was convened
RUPS Luar Biasa. RUPS Tahunan diselenggarakan pada on 10 June 2020 which took place at the Catur Dharma
tanggal 10 Juni 2020 bertempat di Catur Dharma Hall, Hall, Menara Astra Lt.5, Jl. Jend. Sudirman Kav 5-6, Jakarta.
Menara Astra Lt.5, Jl.Jend.Sudirman Kav 5-6 Jakarta.
Pada tanggal 10 Juni 2020, dengan tingkat kehadiran The meeting on 10 June 2020 was attended by 84.842%
pemegang saham sebesar 84,842%. Keputusan RUPS of the shareholders. AGMS 2020 decisions have been fully
Tahunan 2020 telah diumumkan secara lengkap pada surat announced in Bisnis Indonesia daily newspaper on 12 June
kabar harian Bisnis Indonesia tanggal 12 Juni 2020 sesuai 2020 in accordance with applicable regulations.
dengan ketentuan yang berlaku.
MEKANISME PENGAMBILAN KEPUTUSAN RAPAT MECHANISM FOR PASSING MEETING RESOLUTIONS

• Keputusan Rapat diambil dengan cara pemungutan • Meeting Resolutions were adopted by way of voting, and
suara, bukan melalui musyawarah untuk mufakat. not by mutual consensus in deliberations.
• Pemegang saham/kuasanya yang tidak setuju dan • Shareholders/attorneys who voted against and those
yang memberikan suara abstain atau blanko akan who abstain or submit a blank vote will be requested to
diminta mengangkat tangandan menyerahkan kartu raise their hands and submit their voting ballots.
suara.
• Pemegang saham/kuasanya yang tidak mengangkat • Shareholders/attorneys who do not raise their hands
tangan dianggap sebagai mengeluarkan suara setuju are considered to have cast a vote in favor of a proposal
atas usul yang diajukan. submitted.
• Pemegang saham/kuasanya yang memberikan • Shareholders/attorneys who abstained or submitted a
suara abstain atau blanko dianggap mengeluarkan blank vote are considered to have cast a vote similar to
suara yang sama dengan suara mayoritas Pemegang the majority vote of the Shareholders.
Saham.
HASIL PENGAMBILAN KEPUTUSAN RAPAT RESULTS FOR PASSING MEETING RESOLUTIONS
FIRST AGENDA OF THE AGMS
RUPS Tahunan tersebut pada intinya memutuskan hal-hal The AGMS has essentially decided the following
sebagai berikut: matters:
Total Setuju
Setuju Tidak Setuju Abstain
In Favor Against Abstain
(Setuju&Abstain)
Total (In Favor & Abstain)
Mata Acara Rapat 1
Agenda of Meeting 1 1.631.988.321 - 965.010 1.632.953.331
Mata Acara Rapat 2

1.632.422.031 500.000 31.300 1.632.453.331
Agenda of Meeting 2
Mata Acara Rapat 3

1.619.512.065 - 13.441.266 1.632.953.331
Agenda of Meeting 3
Mata Acara Rapat 4

1.623.996.517 7.991.404 965.410 1.624.961.927
Agenda of Meeting 4
MATA ACARA PERTAMA RUPS TAHUNAN FIRST AGENDA OF THE AGMS

• Persetujuan Laporan Tahunan, termasuk Laporan Tugas • Approval of the Annual Report, including Report
Pengawasan Dewan Komisaris Perseroan. of Supervisory Duties of the Company's Board of
Commissioners.
• Pengesahan Laporan Keuangan Konsolidasian • Approval of the Consolidated Company Financial
Perseroan untuk tahun buku 2019. Statement for 2019 Fiscal Year.

Keputusan Rapat Meeting Resolutions

Menyetujui dan menerima baik Laporan Tahunan Perseroan Approving and accepting the Company's Annual Report
untuk tahun buku 2019, termasuk mengesahkan Laporan for the 2019 fiscal year, including approval of the Report
Tugas Pengawasan Dewan Komisaris Perseroan, dan on the Supervisory Duties of the Company's Board
mengesahkan Laporan Keuangan Konsolidasian Perseroan of Commissioners and approval of the Company's
untuk tahun buku 2019 yang telah diaudit oleh Kantor Akuntan Consolidated Financial Statement for the 2019 fiscal
year, which has been audited by Tanudiredja, Wibisana,
Publik Tanudiredja, Wibisana, Rintis & Rekan (anggota
Rintis & Partners Public Accounting Firm (member of
jaringan global PricewaterhouseCoopers), sebagaimana PricewaterhouseCoopers global network), as stated in
dimuat dalam Laporan mereka tertanggal 20 Februari 2020 their report dated 20 February 2020 with an unqualified
dengan pendapat wajar dalam semua hal yang material. opinion in all material matters.
Dengan disetujuinya Laporan Tahunan dan disahkannya With the approval of the Annual Report, and the
Laporan Tugas Pengawasan Dewan Komisaris Perseroan dan acceptance of the Report of Supervisory Duties of the
Laporan Keuangan Konsolidasian Perseroan tersebut, maka Company's Board of Commissioners and the Company's
semua anggota Direksi dan Dewan Komisaris Perseroan Consolidated Financial Statement, all members of the
diberikan pelunasan dan pembebasan tanggung jawab Board of Directors and Board of Commissioners of the
sepenuhnya (acquit et decharge) atas Tindakan pengurusan Company are given full acquit et decharge for their
dan pengawasan yang mereka lakukan selama tahun buku managerial and supervisory actions during the fiscal
year 2019 to the extend of as those actions are reflected
2019 sejauh tindakan-tindakan tersebut tercermin dalam
in the Annual Report and the Company's Consolidated
Laporan Tahunan dan Laporan Keuangan Konsolidasian
Financial Statement for the 2019 fiscal year.
Perseroan tahun buku 2019.
Realisasi Realization
Telah selesai dilakukan. Perseroan telah menyampaikan Completed. The Company has submitted the 2019
Laporan Tahunan kepada OJK dan mengumumkan Laporan Annual Report to OJK and posted the Annual Report
Tahunan 2019 pada situs web Perseroan, serta telah on the Company's website, and also apprised the
menyampaikan kepada Pemegang Saham informasi terkait shareholders of all information related to the Company’s
dengan kinerja keuangan tahun buku 2019. financial performance over the 2019 fiscal year.
MATA ACARA KEDUA RUPS TAHUNAN SECOND AGENDA OF THE AGMS
Penetapan Penggunaan Laba Bersih Perseroan untuk Tahun Resolution on the Allocation of the Company's Net
Buku 2019. Income for Fiscal Year 2019.
Keputusan Rapat Meeting Resolution
Menyetujui penggunaan laba bersih Perseroan untuk tahun Approving the allocation of the Company's net income
buku yang berakhir pada tanggal 31 Desember 2019 sebesar for the fiscal year ended on 31 December 2019 of
Rp 211.116.730.016,00 (dua ratus sebelas miliar seratus enam Rp 211,116,730,016.00 (two hundred eleven billion one
hundred sixteen million seven hundred thirty thousand
belas juta tujuh ratus tiga puluh ribu enam belas rupiah)
and sixteen rupiah) with the following breakdown:
dengan rincian sebagai berikut:
• Sebesar Rp 49,00 per lembar saham dibagikan sebagai • A sum of Rp 49.00 per share to be paid as cash final
dividen tunai final yang akan dibayarkan pada tanggal dividend on 3 July 2020 to all Company Shareholders
3 Juli 2020 kepada Pemegang Saham Perseroan yang whose names appear in the Company's List of
namanya tercatat dalam Daftar Pemegang Saham Shareholders on 22 June 2020 at 16.00 hrs. Western
Perseroan pada tanggal 22 Juni 2020 pukul 16.00 Waktu Indonesian Time (WIB).
Indonesia Bagian Barat.
• Memberikan wewenang kepada Direksi Perseroan • Granting authority to the Board of Directors to pay out
untuk melaksanakan pembagian dividen tersebut dan such dividends and to take any necessary actions.
untuk melakukan semua tindakan yang diperlukan. Dividend payment will be made while considering tax
Pembayaran dividen akan dilakukan dengan regulations and other regulations in effect. The remaining
memperhatikan ketentuan perpajakan dan ketentuan balance to be entered in the books as the Company's
lainnya yang berlaku. Sisanya dibukukan sebagai laba Retained Earnings.
ditahan Perseroan.
Telah selesai dilakukan. Telah selesai dilakukan.

MATA ACARA KETIGA RUPS TAHUNAN THIRD AGENDA OF THE ANNUAL GMS
• Perubahan Susunan Direksi Perseroan. • Change in the Composition of the Company’s

Management.
• Penentuan Gaji dan Tunjangan Direksi serta penetapan • Decision on the Salaries and Allowances of the Board
honorarium dan/atau tunjangan Dewan Komisaris of Directors and decision on the honorariums and/
Perseroan. or allowances of the Board of Commissioners of the
Company.


1. Menerima pengunduran diri Bapak Djony Bunarto 1. Accepting the resignation of Mr. Djony Bunarto Tjondro
Tjondro sebagai Komisaris Perseroan. as Commissioner of the Company.
2. Mengangkat Bapak Johannes Loman sebagai Komisaris 2. Appointing Mr. Johannes Loman as Commissioner of the
Perseroan. Company.
3. Mengangkat Bapak Ari Dono Sukmanto sebagai 3. Appointing Mr. Ari Dono Sukmanto as Independent
Komisaris Independen Perseroan. Commissioner of the Company.
Terhitung sejak ditutupnya Rapat untuk masa jabatan Effective the closing of the Meeting for the tenure as stipulated
sebagaimana yang ditentukan oleh Anggaran Dasar in the Articles of Association of the Company, therefore, the
Perseroan, sehingga susunan anggota Direksi dan Dewan composition of the members of the Company's Board of
Komisaris Perseroan menjadi sebagai berikut: Directors and Board of Commissioners shall be as follows:
DIREKSI | Board of Directors DEWAN KOMISARIS | Board of commissioners
Presiden Direktur | Presiden Komisaris |

Santosa Chiew Sin Cheok
President Director President Commissioner
Wakil Presiden Direktur |
Joko Supriyono Komisaris | Commissioner Johannes Loman
Vice President Director
Komisaris Independen |
Direktur | Director M. Hadi Sugeng Wahyudiono Angky Utarya Tisnadisastra
Direktur | Director Said Fakhrullazi Sidharta Utama
Direktur | Director Rujito Purnomo Ari Dono Sukmanto
Direktur | Director Nico Tahir
Direktur | Director Mario Casimirus Surung Gultom
Masing-masing untuk masa jabatan terhitung sejak tanggal Each for a tenure starting from the closing of the Company’s 2020
ditutupnya RUPS Perseroan tahun 2020 sampai penutupan RUPS GMS to the closing of the Company’s 2021 GMS, without prejudice
Perseroan tahun 2021, dengan tidak mengurangi hak RUPS untuk to the right of the GMS to discharge them at any time by citing the
memberhentikan mereka sewaktu-waktu dengan menyebutkan reasons after the members of the Board of Directors and/or Board
alasannya setelah anggota Direksi dan/atau Dewan Komisaris of Commissioners in question have been given the opportunity to
yang bersangkutan diberi kesempatan untuk membela diri defend themselves in the meeting.
dalam rapat tersebut.
• Memberikan wewenang kepada Dewan Komisaris • Granting authority to the Company's Board of Commissioners
Perseroan untuk menentukan gaji dan tunjangan anggota to determine the salaries and allowances of the members
Direksi Perseroan dengan memperhatikan pendapat dari of the Company's Board of Directors while considering the
Komite Nominasi dan Remunerasi Perseroan. opinions of the Company's Nomination and Remuneration
Committee.
• Menetapkan untuk seluruh Dewan Komisaris Perseroan, • Resolved to grant all of the Company's Board of
memberikan honorarium maksimum sejumlah Commissioners an annual honorarium of maximum
Rp 2.750.000.000,00 (dua miliar tujuh ratus lima puluh Rp 2,750,000,000,- (two billion seven hundred fifty million
juta rupiah) per tahun sebelum dipotong pajak, yang rupiah) before with held income tax, effective from 1 July
mulai berlaku terhitung sejak tanggal 1 Juli 2020 sampai 2020 to the closing of the 2021 AGMS, and granting authority
penutupan RUPS tahun 2021, dan memberikan wewenang to the Company’s President Commissioner to determine the
kepada Presiden Komisaris Perseroan untuk menetapkan distribution of said amount of the honorarium among the
pembagian jumlah honorarium tersebut di antara para members of the Company's Board of Commissioners.
Dewan Komisaris Perseroan.
Telah selesai dilakukan. Completed.
MATA ACARA KEEMPAT RUPS TAHUNAN FOURTH AGENDA OF THE AGMS
Penunjukan kantor Akuntan Publik untuk melakukan audit laporan Appointment of a Public Accountant Office to perform a financial
keuangan Perseroan tahun buku 2020. audit of the Company over the financial year 2020.
• Menunjuk kantor Akuntan Publik Tanudiredja, Wibisana, Rintis • Appoint Tanudiredja, Wibisana, Rintis & Partners Public
& Rekan, anggota jaringan firma PricewaterhouseCoopers, Accounting Firm, member of PricewaterhouseCoopers
yang merupakan kantor akuntan publik yang terdaftar network, which is public accounting firm registered with the
di Otoritas Jasa Keuangan (OJK), untuk melakukan audit Otoritas Jasa Keuangan (OJK), to perform an audit of the
Laporan Keuangan Perseroan tahun buku 2020; dan Company Financial Report over the financial year 2020; and
• Memberikan wewenang kepada Direksi Perseroan untuk • Grant authority to the Board of Directors to determine the
menetapkan jumlah honorarium dan persyaratan lainnya honorarium and other terms and conditions related to such
sehubungan dengan penunjukan kantor akuntan publik appointment of public accountant office in accordance with
tersebut sesuai dengan ketentuan yang berlaku. applicable regulations.
Telah selesai dilakukan. Completed.

DEWAN KOMISARIS
B O A R D O F C O MMISION ERS
Dewan Komisaris merupakan organ Perseroan yang The Board of Commissioners is a Company instrument
bertugas dan bertanggung jawab melakukan pengawasan tasked with and responsible for performing supervision,
secara umum maupun khusus serta memberikan both generally and specifically, and offering advice to the
nasihat kepada Direksi dalam menjalankan kepengurusan Board of Directors in managing the Company in accordance
sesuai dengan Anggaran Dasar dan peraturan Perundang- with the Articles of Association and prevailing laws and
undangan yang berlaku, serta dengan memperhatikan regulations, alsoin observance of GCG Principles.
Prinsip-prinsip GCG.
Tugas dan Tanggung Jawab Tasks and Responsibilities
Berikut adalah tugas dan tanggung jawab dari Dewan The following are the tasks and responsibilities of the
Komisaris Perseroan: Company's Board of Commissioners:
• Melakukan pengawasan dan bertanggung jawab atas • Perform supervision and be responsible for overseeing
pengawasan terhadap kebijakan pengurusan, jalannya management policies and management in general, both
pengurusan pada umumnya, baik mengenai Perseroan regarding the Company and the Company business, as
maupun usaha Perseroan dan memberi nasihat kepada well as offering advice to the Board of Directors.
Direksi.
• Dewan Komisaris wajib menelaah dan berhak • Must examine and has the right to approve the
memberikan persetujuan atas rencana kerja dan Company’s work plan and budget submitted by the
anggaran tahunan Perseroan yang disampaikan oleh Board of Directors.
Direksi.
• Mengadakan rapat secara berkala untuk membahas • Conduct periodical meetings to discuss the Company's
kinerja Perseroan yang terkait dengan pelaksanaan performance related to the implementation of the
rencana strategis dan rencana kerja Perseroan. Company's strategic and work plans.
• Dewan Komisaris memiliki hak untuk memasuki gedung- • The Board of Commissioners has the right to enter
gedung, kantor-kantor dan halaman-halaman yang buildings, offices, and grounds used by the Company
dipergunakan Perseroan dan berhak untuk memeriksa and has the right to examine Company records,
catatan-catatan dan dokumen-dokumen serta kekaya- documents, and assets in the performance of its duties,
an Perseroan untuk melaksanakan kewajiban mereka it also has the right to seek information from the Board
dan Dewan Komisaris juga berhak meminta semua of Directors related to the Company as required by the
keterangan yang berkenaan dengan Perseroan dari Board of Commissioners in the performance of its duties.
Direksi sebagaimana yang diperlukan oleh Dewan
Komisaris untuk melaksanakan tugas mereka.
• Dalam menjalankan tugas pengawasannya, Dewan • In performing its supervisory duties, the Board of
Komisaris dapat membentuk komite yang anggotanya Commissioners may establish committees composed of
seorang atau lebih anggota Dewan Komisaris dan one or more members of the Board of Commissioners
komite tersebut bertanggung jawab kepada Dewan and such committees shall answer to the Board of
Komisaris. Commissioners.
• Sesuai dengan Anggaran Dasar Perseroan, Direksi • In line with the provisions of the Company's Articles of
harus meminta persetujuan dari Dewan Komisaris Association, for certain actions, the Board of Directors
apabila hendak melakukan tindakan tertentu. requires the approval from the Board of Commissioners.
Dewan Komisaris menjalankan tugas dan tanggung The Board of Commissioners shall perform its tasks
jawabnya dengan itikad baik, penuh tanggung jawab dan and responsibilities with good intentions, responsibly,
kehati-hatian untuk kepentingan Perseroan serta dengan and carefully in the interests of the Company and thereby
memerhatikan kepentingan para Pemegang Saham. considering the interests of the Shareholders.
Piagam Dewan Komisaris Board of Commissioners’ Charter

Perseroan memandu pelaksanaan tugas, tanggung jawab The Company guides the execution of the Board of
serta wewenang Dewan Komisaris yang diatur dalam Commissioners’ duties, responsibilities and authorities by
Piagam Dewan Komisaris. stipulating the Board of Commissioners' Charter.
Cakupan Piagam Dewan Komisaris mengatur The scope of the Board of Commissioners' Charter covers
Landasan Hukum: legal basis:
• Tugas dan Wewenang. • Duties and Authorities.
• Nilai-nilai Perusahaan. • Company Values.

• Jam Kerja/Ketersediaan. • Working Hours/Availability.

• Rapat dan Keputusan. • Meetings and Decisions.
• Pelaporan dan Pertanggungjawaban. • Reporting and Accountability.
Informasi lengkap mengenai Piagam Dewan Komisaris Complete information about the Board of Commissioners’
Perseroan dapat diakses pada situs web Perseroan pada Charter can be accessed on the Company's website in the
bagian Tata Kelola Perusahaan yang Baik. Good Corporate Governance section.
Komposisi dan Masa Jabatan Dewan Komisaris Composition and Tenure of the Board of
Commissioners
Anggota Dewan Komisaris diangkat sejak tanggal ditutupnya Members of the Board of Commissioners are appointed on
Rapat ini sampai penutupan RUPST Perseroan tahun 2020, the date of the closing of this Meeting until the closing of the
dengan tidak mengurangi hak RUPS untuk memberhentikan Company’s 2020 AGMS, without prejudice to the right of the
mereka sewaktu-waktu dengan menyebutkan alasannya GMS to discharge them at any time by citing the reasons
setelah anggota Direksi dan/atau Dewan Komisaris yang after the members of the Board of Directors and/or
bersangkutan diberi kesempatan untuk membela diri dalam Board of Commissioners in question have been given the
rapat tersebut. opportunity to defend themselves in the meeting.
Berdasarkan keputusan RUPS tahun 2020 yang dimuat Based on the 2020 AGMS resolutions set out in Aulia Taufani,
dalam Akta Notaris Aulia Taufani, S.H., Nomor 13, tanggal 10 S.H., Notarial Deed Number 13, dated 10 June 2020, the
Juni 2020, susunan Dewan Komisaris PT Astra Agro Lestari composition of the Board of Commissioners of PT Astra Agro
Tbk adalah sebagai berikut: Lestari Tbk is as follows:
Chiew Sin Cheok Presiden Komisaris | President Commissioner
Johannes Loman Komisaris | Commissioner
Angky Utarya Tisnadisastra* Komisaris Independen | Independent Commissioner
Sidharta Utama Komisaris Independen | Independent Commissioner
Ari Dono Sukmanto Komisaris Independen | Independent Commissioner
*Bapak Angky Utarya Tisnadisastra meninggal dunia pada 21 September *Mister Angky Utarya Tisnadisastra passed away on 21 September 2020 in
2020 di Jakarta. Jakarta.
Sesuai dengan praktik GCG dan untuk memastikan In accordance with the practices of GCG and to ensure
independensi pengambilan keputusan, masing-masing independent decision-making, each member of the Board
anggota Dewan Komisaris Perseroan tidak memiliki of Commissioners shall have no family relationship with
hubungan keluarga dengan Komisaris lainnya dan/atau other members of the Board of Commissioners and/or
Direktur Perseroan. members of the Board of Directorsof the Company.
Rapat Dewan Komisaris dan Tingkat Kehadiran Meeting of the Board of Commissioners and Rate of
Attendance
Berdasarkan ketentuan dalam peraturan OJK dan Pendoman Based on the provisions in the OJK regulation and the Board
Dewan Komisaris, rapat Dewan Komisaris wajib diadakan of Commissioners' Guidelines, meetings of the Board of
secara berkala paling kurang 1 (satu) kali dalam setiap 2 (dua) Commissioners must be convened periodically at least
bulan, serta mengadakan rapat Bersama dengan Direksi once every two (2) months, and meetings with the Board
paling sedikit 1 (satu) kali dalam setiap 4 (empat) bulan. of Directors must be convened at least once in every four
Dewan Komisaris juga dapat mengadakan rapat tambahan (4) months. The Board of Commissioners may also hold
bilamana dipandang perlu. additional meetings as deemed necessary.
Dewan Komisaris mengadakan rapat berkala untuk The Board of Commissioners holds regular meetings to discuss
membahas kinerja Perseroan. Sesuai dengan Anggaran the Company’s performance. In line with the Company's
Dasar Perseroan, rapat Dewan Komisaris dianggap sah Articles of Association, a Board of Commissioners'
dan berhak untuk mengambil keputusan yang mengikat Meeting is deemed valid and authorized to make binding
apabila lebih dari setengah anggota Dewan Komisaris decisions if more than half of the members of the Board of
hadir atau diwakilkan pada saat rapat. Dewan Komisaris Commissioners are present or represented during such
dan anggotanya memiliki akses penuh terhadap semua meeting. The Board of Commissioners and its members have
informasi yang berkaitan dengan Perseroan. full access to all information related to the Company.

Dewan Komisaris dapat melakukan komunikasi di antara The Board of Commissioners may hold discussions among
anggotanya atau dengan organ Perseroan lainnya its members or with other Corporate Instruments, including
termasuk mengambil keputusan, dengan atau making decisions, with or without convening a meeting.
tanpa mengadakan rapat. Tanpa mengesampingkan Without prejudice to the provisions of the Capital Market
ketentuan Hukum Pasar Modal mengenai kewajiban Law regarding the obligation of holding regular Board of
penyelenggaraan rapat Dewan Komisaris secara berkala, Commissioners meetings, such meetings shall be held in
maka Rapat Dewan Komisaris akan diselenggarakan accordance with the procedures and provisions stipulated in
menurut prosedur serta ketentuan yang diatur dalam the Legal Foundation of the Board of Commissioners Charter,
Landasan Hukum dari Piagam Komisaris, dengan minimal 1 at a minimum of once every two months. At the end of each
(satu) kali setiap 2 (dua) bulan. Pada setiap akhir periode quarter, the Board of Commissioners will hold a meeting
kuartal, Dewan Komisaris akan mengadakan Rapat together with the Board of Directors to review the Company's
bersama-sama dengan Direksi untuk menelaah kinerja performance for the respective quarter.
Perseroan untuk periode kuartal yang bersangkutan.
Pada tahun 2020, Dewan Komisaris menyelenggarakan In 2020, the Board of Commissioners held six (6) times
6 (enam) kali rapat berkala dan rapat bersama Direksi, periodic meetings and meetings with the Board of Directors,
dengan rata-rata tingkat kehadiran seluruh anggota Dewan with an average attendance level of all members of the Board
Komisaris sebesar 100%. of Commissioners of 100%.
Dalam rapat-rapat Dewan Komisaris telah dibahas, In the Board of Commissioners' Meeting, the Board
antara lain rencana kerja Perseroan, kinerja Perseroan, discussed on the Company's working plan, performance,
laporan Komite Audit, kondisi ekonomi makro dan usulan Audit Committee's report, macro economy condition and
RUPS Perseroan tahun 2020. recommendations of the 2020 GMS recommendations were
discussed.
Selama tahun berjalan, pelaksanaan tugas Dewan During that financial year, the implementation of the Board
Komisaris telah didukung oleh dua komite yaitu Komite of Commissioners’ responsibilities was supported by
Audit dan Komite Nominasi dan Remunerasi. Kedua Komite two Committees, namely the Audit Committee and the
tersebut telah membantu Dewan Komisaris di setiap Nomination and Remuneration Committee. Both Committees
pengambilan keputusan yang berdampak bagi Perseroan. assisted the Board of Commissioners in every decision-
making that affects the Company.
Pendidikan dan/atau Pelatihan Dewan Komisaris Board of Commissioner's Training and/or Education
Dewan Komisaris tidak mengikuti program pendidikan dan/ During 2020, the Board of Commissioners did not participate
atau pelatihan selama tahun 2020 sehubungan dengan in any training and/or education programs in view of the
adanya pandemi Covid-19. Covid-19 pandemic.
Penilaian Kinerja Komite di bawah Dewan Komisaris Performance Assessment of the Committees under
the Board of Commissioners
Penilaian Dewan komisaris terhadap pelaksanaan The Board of Commissioners assessed that during 2020 the
tugas Komite Audit serta Komite Nominasi dan Audit Committee and the Nomination and Remuneration
Remunerasi Perseroan sepanjang tahun 2020 dianggap Committee have completed their duties properly. The
telah dilaksanakan dengan baik. Komite bekerja aktif Committees actively analyzed and responded to the changes
menganalisa dan merespon perubahan lingkungan bisnis in the business environment that affected the Company’s
yang berpengaruh terhadap kinerja Perseroan. Komite performance. The Committees also assisted the Board
juga membantu Dewan Komisaris dalam menyiapkan of Commissioners in preparing the response of the
tanggapan Dewan Komisaris terkait permintaan persetujuan Board of Commissioners to requests for the approval to
dukungan saran/nasihat dari Direksi setelah melakukan support suggestions/advice by the Board of Directors after
proses penelaahan yang mendalam. conducting an extensive research process.

DIREKSI
B o a r d o f D i r ect o rs
Direksi memiliki tanggung jawab penuh atas pengurusan The Board of Directors is fully responsible for the Company’s
Perseroan dalam mencapai visi, misi, strategi dan Anggaran management in accordance with the Company’s vision,
Dasar Perseroan dengan memperhatikan prinsip-prinsip mission, and strategies as well as the provisions of its Articles
GCG. Pengangkatan dan pemberhentian Direksi ini of Association. The appointment and dismissal of the Board
ditentukan oleh RUPS yang diadakan oleh Perseroan. of Directors are decided by the GMS.
Pedoman Direksi Board of Director’s Guidelines
Pedoman Direksi ditetapkan sebagai pedoman dalam The Board of Directors’ Guidelines are provided as reference
melaksanakan tugas kepengurusannya, serta merupakan for the Board of Directors in performing their managerial
satu kesatuan dan bagian tidak terpisahkan dari Anggaran duties, and also constitute as an integral and inseparable
Dasar Perseroan, disusun berdasarkan Undang-Undang part of the Company's Articles of Association, developed
Perseroan, Undang-Undang Pasar Modal, POJK dan BEI. based on the Limited Liability Company Law, Capital Market
Law, regulations of OJK and Indonesian Stock Exchange (IDX).
Piagam Direksi menguraikan dasar pertimbangan hukum, The guidelines describe the legal basis, duties and
tugas dan wewenang Direksi, rapat Direksi dan pelaporan responsibilities of the Board of Directors, Board of
serta pertanggungjawaban Direksi. Pedoman Direksi dapat Directors’ meetings, and Board of Directors' reporting and
diunduh secara lengkap di situs web Perseroan. accountability. The Board of Directors' Guidelines can be
downloaded from the Company's website.
Tugas dan Tanggung Jawab Tasks and Responsibilities

• Direksi bertugas menjalankan dan bertanggung • The Board of Directors is tasked to operate and be
jawab atas pengurusan Perseroan untuk kepentingan responsible for managing the Company in the interest of
Perseroan sesuai dengan maksud dan tujuan Perseroan the Company, in accordance with the vision and mission
yang ditetapkan dalam Anggaran Dasar. stipulated in the Articles of Association.
• Direksi mewakili Perseroan baik di dalam maupun di • The Board of Directors represents the Company within as
luar pengadilan. well as outside of a court.
• Direksi menyusun rencana kerja tahunan sebelum • The Board of Directors shall develop an annual work plan
dimulainya tahun buku yang akan datang yang juga prior to the commencement of the following financial
memuat anggaran tahunan Perseroan untuk tahun year which also contains the Company's annual budget
buku yang akan datang dan disampaikan kepada for the next financial year to be submitted to the Board
Dewan Komisaris untuk ditelaah dan dimintakan of Commissioners for review and to obtain the latter’s
persetujuannya. approval.
• Direksi wajib menyampaikan laporan tahunan kepada • The Board of Directors, subsequent to its review by the
RUPS setelah ditelaah oleh Dewan Komisaris dalam Board of Commissioners, shall submit an annual report
jangka waktu paling lambat 6 (enam) bulan setelah to the GMS within a period of maximum six (6) months
tahun buku Perseroan berakhir. after the end of the Company’s fiscal year.
• Direksi menyampaikan pertanggungjawaban kepada • The Board of Directors shall submit an accountability
RUPS mengenai kinerja Perseroan hingga akhir tahun report to the GMS regarding the Company’s performance
buku Perseroan dan wajib memberikan jawaban atas until the end of the fiscal year and shall answer any
pertanyaan yang disampaikan pemegang saham questions raised by shareholders during the GMS.
dalam RUPS.
• Direksi menjalankan tugas kepengurusan Perseroan • The Board of Directors shall perform the managerial
dengan itikad baik, penuh tanggung jawab dan duties of the Company with good intentions, responsibly,
kehati-hatian untuk kepentingan Perseroan dan and carefully in the interests of the Company and there by
dengan memperhatikan kepentingan para pemangku considering the interests of the Company's stakeholders.
kepentingan Perseroan.

Komposisi Dan Masa Jabatan Direksi Composition and Tenure of the Board of Directors
Pengangkatan Direktur Perseroan dilaksanakan dalam The Board of Directors are appointed by the AGMS convened
RUPS yang diadakan oleh Perseroan. Masa jabatan Direksi by the Company. The tenure of the Board of Directors shall
Perseroan terhitung sejak tanggal yang telah ditentukan commence on the date as established during the GMS which
dalam RUPS yang telah mengangkat anggota Direksi appointed the Board of Directors until the close of the AGMS
sampai penutupan RUPS Tahunan Perseroan tahun 2021. in 2021.
Berdasarkan keputusan RUPS tahun 2020 yang dimuat Based on the 2020 AGMS resolution set forth in Aulia Taufani,
dalam Akta Notaris Aulia Taufani, S.H., Nomor 13, tanggal S.H., Notarial Deed Number 13, dated 10 June 2020, the
10 Juni 2020, susunan Direksi PT Astra AgroLestari Tbk adalah composition of the Board of Directors of PT Astra Agro Lestari
sebagai berikut: Tbk is as follows:
Santosa Presiden Direktur | President Director
Joko Supriyono Wakil Presiden Direktur | Vice President Director
Said Fakhrullazi Direktur | Director
Nico Tahir Direktur | Director
Rujito Purnomo Direktur | Director
M. Hadi Sugeng Wahyudiono Direktur | Director
Mario C. Surung Gultom Direktur | Director
Seluruh anggota Direksi Perseroan tidak menjabat sebagai No member of the Company's Board of Directors has a role
Direktur atau Komisaris pada perusahaan di luar Grup Astra. as a Director or Commissioner in companies outside of the
Astra Group.
Dalam menjalankan prinsip-prinsip GCG dan untuk In implementing the practices of GCG and to ensure
memastikan independensi pengambilan keputusan, independent decision-making, each member of the
masing-masing anggota Direksi Perseroan tidak memiliki Company’s Board of Directors has no family relationship with
hubungan keluarga dengan Direktur lainnya dan/atau other members of the Board of Directors and/or members of
Komisaris Perseroan. the Board of Commissioners.
Sepanjang tahun 2020, dalam menjalankan tugas pokok During 2020, in performing its primary tasks and functions, the
dan fungsinya. Direksi didukung oleh dua Komite, yaitu Board of Directors was supported by two Committees, namely
Komite Audit serta Komite Nominasi dan Remunerasi. the Audit Committee and the Nomination and Remuneration
Kedua Komite tersebut telah membantu Direksi dalam hal Committee. Both committees assisted the Board of Directors
pengambilan keputusan bagi Perseroan. in every decision-making for the Company.
Rapat Direksi dan Tingkat Kehadiran Meeting of the Board of Directors and Rate of
Attendance
Berdasarkan ketentuan dalam peraturan OJK dan Anggaran Based on the provisions in the OJK regulations and the
Dasar Perseroan, rapat Direksi wajib diadakan secara Company's Articles of Association, meetings of the Board
berkala paling kurang 1 (satu) kali dalam setiap 1 (satu) of Directors must be convened periodically at least once
bulan. Direksi dapat menyelenggarakan rapat tambahan a month. The Board of Directors may convene additional
apabila dipandang perlu. Dalam implementasinya, rapat meetings as deemed necessary. In its implementation, the
Direksi dilakukan 50 (lima puluh) kali selama tahun 2020. Board of Directors held 50 (fifty) meetings during 2020.
Rapat Direksi tersebut membahas kinerja keuangan dan The Board of Directors Meetings discussed the Company’s
operasional Perseroan, usulan transaksi-transaksi yang financial and operational performance, proposals on
signifikan, usulan nominasi Direktur atau Komisaris anak significant transactions, proposals on the nomination of
perusahaan Perseroan, usulan RUPST tahun 2020, serta Directors or Commissioner of the Company’s subsidiaries,
usulan dividen final dan interim Perseroan. proposals on the 2020 AGMS, also proposals on the
Company’s final and interim dividends.
Direksi dapat juga mengambil keputusan yang sah tanpa The Board of Directors may also pass a valid resolution
mengadakan Rapat Direksi (secara sirkuler), jika semua without convening a Board of Directors Meeting (viz. by
anggota Direksi telah diberitahu secara tertulis mengenai circular letter), if all members of the Board of Directors have
usulan yang diajukan dengan dan semua anggota Direksi been notified in writing and given their written approval to a
memberikan persetujuan mengenai usulan yang diajukan resolution submitted in writing, by signing such proposal.
secara tertulis serta menandatangani keputusan tersebut.
Pendidikan dan/atau Pelatihan Direksi Board of Director's Training and/or Education
Direksi telah mengikuti berbagai program The Board of Directors participated in several education
pendidikan dan/atau pelatihan dalam rangka and/or training programs to develop competence to
pengembangan kompetensi untuk menunjang support the performance of their duties. In 2020, the Board of
pelaksanaan tugas-tugasnya. Selama tahun 2020, Directors participated in the following programs:
Direksi telah mengikuti program-program sebagai berikut:
No Tanggal | Date Topik | Topics Tempat | Venue

Direksi | Board of Directors
1 18 Mei/May Astra Executive Talk by Astra Digital 2020 Jakarta
2 8 Juli/July Ekonomi Makro 2020 “ Menyiasati Tantangan Pandemi Global dan Mempersiapkan Grup Astra Dalam via Zoom (Jakarta)
Memperkuat Bisnis di Masa Depan”
3 6 Agustus/ Astra Leaders Forum 2019 “Navigating Business Through and Beyond COVID-19" via Ms Teams (Jakarta)
August

4 6 Oktober/ Interview Talk Show "People & Power: Indonesia" via Zoom (Jakarta)
October
5 10 November/ Jardine Digital Conference 2020 via Virtual (JDC Plattform)
November
6 19 November/ AlBotics-go-Digital 2020 Webinar Series on“AI & Robotics Innovations” via Virtual (Voov Meeting
November Singapore)
7 2-3 Desember/ 16th Indonesian Palm Oil Conference and 2021 Price Outlook (IPOC 2020 New Normal) via Virtual (Jakarta)
December
Penilaian Kinerja Anggota Dewan Komisaris dan Assessment to the Board of Commissioners and
Direksi Directors
Prosedur Penilaian Kinerja Performance Assessment Procedure
Komite Nominasi dan Remunerasi melakukan penilaian kinerja The Nomination and Remuneration Committee conducts a
Dewan Komisaris dan Direksi, baik secara keseluruhan maupun performance assessment of the Board of Commissioners and
kinerja individu, pada setiap tahun buku dengan menggunakan the Board of Directors, both the overall as well as the individual
metode penilaian yang berlaku di Perseroan. Pada tahun 2020, performance, using an assessment method applicable within
Komite Nominasi dan Remunerasi juga telah melangsungkan the Company. In 2020, the Nomination and Remuneration
dan mengkoordinasikan penilaian sendiri (self-assessment) Committee also conducted and coordinated a self-assessment by
oleh masing-masing anggota Direksi atas kinerja Direksi secara each respective member of the Board of Directors on the overall
keseluruhan dan oleh anggota Dewan Komisaris atas kinerja Dewan performance of the Board of Directors, and by the members of the
Komisaris secara keseluruhan berdasarkan kebijakan Perseroan Board of Commissioners on the overall performance of the Board
mengenai Penilaian sendiri. Masing-masing Direktur/Komisaris of Commissioners based on the Company policy regarding Self-
melakukan penilaian sendiri. assessments.
Penilaian sendiri tersebut dilakukan sebagai bagian dari penilaian Each respective Director/Commissioner conducted a self-
kinerja individual dan penilaian kinerja Direksi/Komisaris. Penilaian assessment. The self-assessmentis made as part of the individual
ini dilakukan setahun sekali. performance assessment and the performance assessment of
the Board of Directors/Board of Commissioners. Such assessments
are conducted once a year.
Kriteria Penilaian Kinerja Performance Assessment Criteria
Dalam melakukan penilaian kinerja, Komite Nominasi dan In conducting these performance assessments, the Nomination and
Remunerasi menggunakan kriteria yang telah ditentukan bagi Remuneration Committee applies criteria established for the Board
anggota Dewan Komisaris dan Direksi. Kriteria tersebut adalah of Commissioners and Board of Directors members. These criteria
sebagai berikut: are as follows:
Dewan Komisaris Board of Commissioners
Kriteria penilaian kinerja Dewan Komisaris adalah pelaksanaan The performance assessment criteria of the Board of Commissioners
tugas pengawasan atas kebijakan pengurusan dan jalannya include the performance of supervisory duties on management
pengurusan pada umumnya baik mengenai Perseroan maupun policies and the general management, both regarding the
usaha Perseroan yang dijalankan oleh Direksi Perseroan, serta Company as well as the Company business performed by the
pemberian saran kepada Direksi untuk kepentingan pencapaian Company Directors, and the provision of recommendations to
tujuan Perseroan. Penilaian juga mencakup evaluasi terhadap the Directors in the interest of achieving the Company objectives. The
pelaksanaan tugas khusus yang diberikan sesuai Anggaran Dasar assessment also covers the performance of specific duties given in
dan/atau berdasarkan keputusan RUPS. accordance with the Articles of Association and/or based on GMS
resolutions.
Direksi Board of Directors
Kinerja anggota Dewan Komisaris dan Direksi wajib dilaporkan The performance of the Board of Commissioners and the Board of
dalam RUPST. Directors must be reported in the AGMS.
Dewan Komisaris menyampaikan laporan penilaian kinerja Direksi The Board of Commissioners delivered a performance assessment
berdasarkan pemantauan dan pengawasan yang dilakukan terkait report of the Board of Directors’ conducted in relation to its monitoring
kebijakan pengelolaan dan keseluruhan jalannya kegiatan bisnis and supervisory tasks carried out on management policies and the
Perseroan, berdasarkan rekomendasi serta saran yang diberikan Company’s overall business activities, based on the recommendations
kepada Direksi sesuai kepentingan Perseroan. Pemantauan juga and suggestions provided to the Board of Directors in line with the
dilakukan pada pelaksanaan tugas dan tanggung jawab lainnya interests of the Company.
sesuai ketetapan pada Anggaran Dasar Perseroan.
Sementara itu, Direksi menyampaikan Laporan Tahunan Meanwhile, during the AGMS, the Board of Directors delivered
Perseroan yang terdiri dari Laporan Keuangan, Kinerja CSR, the Company’s Annual Report consisting of a Financial Report,
pelaksanaan GCG serta kinerja bisnis lainnya pada pelaksanaan CSR performance, implementation of GCG and other business
RUPST. performances.
Kriteria penilaian Direksi didasarkan pada indikator berikut ini: The assessment criteria of the Board of Directors’ performance are
based on the following indicators:
1. Pelaksanaan tugas dan tanggung jawab masing-masing 1. Performance of duties and responsibilities by the respective
Direksi didasarkan pada implementasi Anggaran Dasar dan Directors according to the implementation of the Articles of
Kode Etik GCG. Association and GCG Code of Ethics.
2. Keberhasilan dalam mencapai target rencana kerja. 2. Work plan target achievement.
3. Pelaksanaan hasil RUPST 2020. 3. Implementation of the 2020 AGMS.
Perseroan melaksanakan penilaian secara berkala terkait kinerja The Company carried out periodic assessments of the Board
Dewan Komisaris dan Direksi. Proses penilaian dilakukan oleh of Commissioners and Board of Directors’ performance. The
Komite Nominasi dan Remunerasi. assessment process was carried out by the Nomination and
Remuneration Committee.

KEBIJAKAN REMUNERASI DEWAN KOMISARIS

DAN DIREKSI
PO L IC Y O F R EMU N ERAT ION OF T H E BOARD OF COMMI S S I ONE RS AND DI RE CTOR S
RE M UNERAS I D E WA N K O MI S A R I S D A N DI R E KSI RE M UNE RAT IO N OF T HE BO ARD OF

CO M M ISSIO NE RS AND BO ARD O F D IRE CT O RS
Pe r s e r o an m em iliki k e b ija ka n unt uk m e m b er ik an The C ompany has a r e mune r ation policy at
rem u n er as i di se t ia p le v e l or g a nis a s i d e ngan e ve r y le ve l of the or ganiz ation by pr ov idin g
m e m be r i k an pe ng ha r g a a n se sua i ja b a t a n dan r e war ds ac c or ding to the f unc tion and inc e n tiv es
i n s en t i f u n t u k m e nd or ong p e nc a p a ia n has il to e nc our age the ac hie ve me nt of the best
ki n er j a yan g t er b a ik. pe r f or manc e r e s ults .
PROS E D UR PE NE TA PA N R E MU N E R A S I RE M UNE RAT IO N PO LICY PRO CE D URE
Pada t ah ap awa l p r ose s p e ne t a p a n r e m une r as i, A t the initial s tage of the r e mune r ation po licy
Ko m i t e N o m i n a s i d a n R e m une r a s i m e nyus un pr oc e dur e , the Nomination and R e mune ratio n
rek o m en das i s e r t a us ula n t e r k a it r e m une r a s i yang C ommitte e de ve lops r e c omme ndations an d
ak an di t e r i m a o le h a ng g ot a D e w a n K om is a r is dan pr opos als in c onne c tion with the r e mune ratio n
Dir e k s i . U s u l an r e m une r a s i t e r s e b ut k e m udian to be r e c e ive d by the me mbe r s of the Bo ard
di s am pai k an ke p a d a D e w a n K om isa r is yang of C ommis s ione r s and Boar d of Dir ecto rs.
sel an j u t n ya ak a n d ia juka n ke p a d a R U P S T untuk The r e mune r ation r e c omme ndations ar e th en
di m i n t ak an per se t ujua n. s ubmitte d to the Boar d of C ommis s ione r s to be
pr e s e nte d to the A G M S f or appr oval.
RU P S dapat me ne t a p k a n r e m une r a si De wan The A G M S may appr ove the r e mune r atio n o f
Ko m i s ar i s dan D ir e ks i se r t a m e m b e r ik a n k uas a the Boar d of C ommis s ione r s and the Bo ard
kepada De w an K om is a r is unt uk m e ne n tuk an of Dir e c tor s and author iz e the Board o f
rem u n er as i a ng g ot a D ir e k s i d e ngan C ommis s ione r s to de te r mine the r e mune r atio n s o f
m e m pe r t i m ban g k a n ke b ija ka n dari Komite the Boar d of Dir e c tor s me mbe r s , the r e by takin g
Nom i n as i dan R e m une r a si. into c ons ide r ation polic ie s of the Nominatio n an d
R e mune r ation C ommitte e .
KRI T E RI A PENE TA PA N R E MU N E R A S I RE M UNE RAT IO N PO LICY CRIT E RIA
Da l am m e n en t uka n r e m une r a si D e w a n K om is ar is The r e mune r ation of the Boar d of C ommis s io n ers
dan D i r e k s i yang a k a n d ius ulk a n k e p a d a R UP S, and Boar d of Dir e c tor s to be pr opos e d to the GMS,
sec ar a u m u m d id a sa r k a n ole h t ug a s, t a ng gung in ge ne r al, is de te r mine d bas e d on the d u ties,
j aw ab dan w e w e na ng a ng g ot a D e w a n K omis ar is r e s pons ibilitie s , and author itie s of the me mbers
dan Direksi d e ng a n m e m p e r t im b a ngk an of the Boar d of C ommis s ione r s and Board o f
kem am pu an Per se r oa n se r t a kond is i p a s a r Dir e c tor s while als o c ons ide r ing the C omp an y 's
c apabilitie s and pr e vailing mar k e t c onditions.
Pe n en t u an s t r uk t ur k e b ija ka n d a n b e s ar an In de te r mining the polic y s tr uc tur e and amo u n t o f

rem u n er as i De w a n K om is a r is , K om it e N ominas i the r e mune r ation of the Boar d of C ommis s io n ers,
dan Rem u n er asi m e m p e r ha t ik a n ha l- ha l b e r ik ut: the Nomination and R e mune r ation C ommittee
s hall tak e the f ollowing matte r s into c ons ide ratio n :
a. Tu gas , t ang g ung ja w a b d a n w e w e nang a. Dutie s , r e s pons ibilitie s , and author itie s o f th e
an ggo t a D e w a n K om is a r is d ik a it k a n d e ngan me mbe r s of the Boar d of C ommis s ioners in
pe n c apai an t ujua n d a n k ine r ja P e r se r oa n; r e lation to the ac hie ve me nt of the C om pan y
obje c tive s and pe r f or manc e ;
b. Tar ge t dan kine r ja m a s ing - m a s ing a nggota b. Tar ge ts and pe r f or manc e of e ac h me mber o f
De w an Ko m isa r is . the Boar d of C ommis s ione r s ;
Str u k t u r r e m u n e r a si D e w a n K om isa r is P e r s e r oan The r e mune r ation s tr uc tur e of the Board o f
t e r di r i dar i h o n o r a r ium d a n t unja ng a n la innya. C ommis s ione r s c ons is ts of honor ar iums and o th er
allowanc e s .

S T RUK T UR REM U N E R A S I DE WA N K O MI S A R I S D AN RE M UNE RAT IO N ST RUCT URE O F T HE BO AR D OF

DIRE K S I TA H UN 2 0 2 0 CO M M ISSIO NE RS AND BO ARD O F D IRE CTORS
F O R 2020
Str u k t u r R e m u n e r a si p e r iod e t a hun 2020 bagi The R e mune r ation Str uc tur e f or the pe r i o d o f
De w an Ko m i s ar is m e ng a cu p a d a ha s il ke p u tus an 2020 f or the Boar d of C ommis s ione r s r e f ers to
RU P S T t an ggal 1 0 J uni 2020, y a it u p e m be r ian A G M S r e s olution date d 10 June 2020, nam ely
h o n o r ar i u m k e p a d a D e w a n K om isa r is yang about the pr ovis ion of an honor ar ium to th e
sec ar a k es e l u r uha n m a ks im um se ju mlah| Boar d of C ommis s ione r s of ove r all maxim u m o f
Rp 2 . 7 5 0 . 0 0 0 . 000, 00 (gross) p e r t a hun, yang R p 2,750,000,000.00 (gr os s ) pe r ye ar, e f fectiv e
m u l ai ber l ak u te r hit ung s e ja k t a ng g a l d it utupnya f r om the date of the c los ing of the 2020 AGMS
RU P S T 2 0 2 0 sa m p a i p e nut up a n R U P S T 2021. to the c los ing of the 2021 A G M S. The C ompan y ’s
We w e n an g di be r ika n k e p a d a P r e sid e n K om is ar is P r e s ide nt C ommis s ione r was gr ante d the auth o rity
Pe r s e r o an u nt uk m e ne t a p ka n p e m bagian to de te r mine the dis tr ibution of the honorariu m
j u m l ah h o n o r a r ium t e r s e b ut d ia nt a r a par a among the me mbe r s of the C ompany’s Boa rd o f
an ggo t a De w an K om is a r is P e r s e r oa n d engan C ommis s ione r s , while c ons ide r ing the opin io n s
m e m pe r h at i k an p e nd a p a t d a r i K om it e N om inas i of the C ompany’s N omination and R e muneratio n
dan Rem u n er asi P e r s e r oa n. C ommitte e .
Se l ai n itu, Dewan K om isa r is P e r s e r oan In addition, the C ompany’s Boar d of C ommis s io n ers
j u ga be r w en ang unt uk m e ne t a p k a n ju mlah got the author ity to de te r mine the r e mune ratio n
rem u n er as i an g g ot a D ir e ks i P e r s e r oa n d engan of the me mbe r s of the C ompany’s Board o f
m e m pe r h at i k an p e nd a p a t dari K omite Dir e c tor s while c ons ide r ing the opinions o f th e
Nom i n as i dan R e m une r a s i P e r s e r oa n. R e mune r ation and N omination C ommitte e .

KOMITE-KOMITE DI BAWAH DEWAN KOMISARIS

C O M M I T T E E S U N DER T H E B O A RD OF COMMI S S I ONE RS
Dewan Komisaris telah membentuk komite-komite yang The Board of Commissioners has formed the Audit Committee
berfungsi untuk membantu dalam pelaksanaan tugas and the Nomination and Remuneration Committee to assist in
pengawasannya, yaitu Komite Audit serta Komite Nominasi the performance of its supervisory duties.
dan Remunerasi.
KOM I T E A UD I T AUD IT CO M M IT T E E
Komite Audit dibentuk berdasarkan Peraturan Badan The Audit Committee was established based on Capital
Pengawasan Pasar Modal dan Lembaga Jasa Keuangan Market and Financial Services Institution Supervisory Agency
No.IX.I.5 tentang Pembentukan dan Pedoman Kerja Komite Regulation (Peraturan Badan Pengawas Pasar Modal dan
Audit yang kemudian dilakukan penataan Kembali akan Lembaga Jasa Keuangan) No.IX.I.5 on Formation and
struktur peraturan yang ada, khususnya terkait sektor Working Guide of Audit Committees, but after a subsequent
Pasar Modal sehingga Pembentukan dan Pedoman restructuring of the regulations, especially concerning the
Capital Market sector, Formation and Working Guide of Audit
Pelaksanaan Kerja Komite Audit diatur dalam
Committees was regulated by the Financial Services Authority
Peraturan OJK No.55/POJK.04.2015 tanggal 23 Desember Regulation (Peraturan Otoritas Jasa Keuangan) No.55/
2015 dan Peraturan BEI No.I-A yang mengharuskan POJK.04.2015 dated 23 December 2015 and IDX Regulation
Emiten atau Perusahaan Publik agar memiliki Komite Audit. No. I-A that requires Issuers or Public Companies to have an
Audit Committee.
Tug a s D a n Ta ng g u n g Ja wa b K o m i t e A u d i t D ut i es and Responsi bi l i t i es of t he A udit
Commi t t ee
Komite Audit dibentuk dengan tujuan untuk membantu The Audit Committee was formed to assist the Board of
Dewan Komisaris dalam melaksanakan tugas dan fungsi Commissioners in carrying out its supervisory duties and
pengawasan, memberi nasihat dalam pelaksanaan functions, offering advice in matters related to Company
pengendalian internal dan audit Perseroan, serta internal control and audit, and ensuring that the Company
memastikan Perseroan dikelola dengan manajemen yang is constantly managed under healthy management in
sehat secara konsisten sesuai dengan prinsip-prinsip GCG accordance with GCG principles inspired by Company
yang dijiwai oleh nilai-nilai dan etika Perseroan. Laporan ethics and values. Reports on the accountability of the Audit
pertanggungjawaban Komite Audit akan diuraikan lebih Committee will be further elucidated in the Audit Committee
lanjut dalam Laporan Komite Audit. Report.
Piagam Komite Audit Audit Committee Charter
Piagam Komite Audit telah menjabarkan organisasi, The Audit Committee Charter describes the organization,
keanggotaan, tanggung jawab, wewenang dan pelaporan membership, responsibility, authority, and its reporting
Komite Audit. Piagam Komite Audit saat ini menggunakan function. The current Audit Committee Charter uses the
versi yang dikeluarkan pada 29 Januari 2014 dan dapat version issued on 29 January 2014 which can be accessed on
dilihat dalam situs web Perseroan. the Company website.
Komposisi Anggota Komite Audit Composition of Audit Committee Mem bers

Komposisi Komite Audit Perseroan telah mengacu kepada The composition of the Company's Audit Committee refers to
Peraturan OJK No. 55/POJK.04/2015 Tentang Pembentukan the Financial Services Authority Regulation (Peraturan Otoritas
dan Pedoman Pelaksanaan Kerja Komite Audit yang Jasa Keuangan) No. 55/POJK.04/2015 on Audit Committee
menyatakan bahwa Anggota Komite Audit diangkat dan Formation and Work Execution Guide which states that
diberhentikan oleh Dewan Komisaris dan Komite Audit members of Audit Committee are appointed and discharged
paling sedikit terdiri dari 3 (tiga) orang anggota yang berasal by the Board of Commissioners and that the Audit Committee
dari Komisaris Independen dan Pihak dari luar Emiten atau shall consist of at least three members from Independent
Perusahaan Publik serta bahwa Komite Audit diketuai oleh Commissioners and parties outside of the Issuer or Public
Komisaris Independen. Company, and chaired by the Independent Commissioner.
Selama tahun 2020 telah terjadi perubahan keanggotaan During 2020, changes have occurred in the Audit Committee
Komite Audit. Komposisi Komite Audit adalah sebagai berikut: membership. The current Composition of the Audit Committee
is as follows:

Sidharta Utama* Ketua* | Chief*
Lindawati Gani Anggota | Member
Budi Frensidy Anggota | Member
*sesuai surat pengangkatan Bp. Sidharta Utama per tanggal 23 Oktober 2020 *in line with the appointment letter of Mr. Sidharta Utama dated 23 October
2020

Profil Komite Audit Audit Committe Profile

Ketua Chief
Sidharta Utama
Warga Negara Indonesia, usia 55 tahun. Indonesian Citizen, 55 years old. Appointed as
Menjabat sebagai Komite Audit sejak tahun of the Company’s Audit Committee since 2020
2020 berdasarkan Berita Acara Rapat Dewan based on minutes of Meetings of the Board of
Komisaris tanggal 23 Oktober 2020. Saat Commissioner dated 23 October 2020. He also
ini beliau juga menjabat sebagai Komisaris serves as Independent Commissioner of PT
Independen PT Saratoga Investama Sedaya Saratoga Investama Sedaya Tbk, as a member
Tbk, serta menjabat sebagai Anggota Komite of the Audit Committee of PT Solusi Bangun
Audit PT Solusi Bangun Indonesia Tbk. Di Indonesia Tbk. In academia, he also serves
bidang Akademis, beliau adalah Guru Besar as Professor at Economics Faculty at University
di Fakultas Ekonomi dan Bisnis Universitas of Indonesia (FEUI). Previously, He also
Indonesia (FEUI). Beliau sempat menjabat served as vice rector for Finance and General
sebagai Wakil Rektor bidang Keuangan dan Administration UI (2018-2019), secretary of
Administrasi Umum UI (2018-2019), Sekretaris Majelis Wali Amanat UI (2014-2018), Vice Dean
Majelis Wali Amanat UI (2014-2018), Wakil on Academics at FEUI (2005-2009) and Head
Dekan bidang Akademik FEUI (2005-2009) of the Accounting Department at FEUI (2001-
dan Ketua Departemen Akuntansi FEUI (2001- 2005). In non-academic world, He also serves
2005). Di bidang non-Akademis, beliau saat ini as a member of Dewan Pengurus Nasional
menjabat sebagai anggota Dewan Pengurus Ikatan Akuntan Indonesia, Dewan Pembina
Nasional Ikatan Akuntan Indonesia, Dewan Indonesia institute for Corporate Directorship
Pembina Indonesia Institute for Corporate and Dewan Pengarah Bank of Indonesia
Directorship dan Dewan Pengarah Kebijakan Financial Accounting Policies. He also held
Akuntansi Keuangan Bank Indonesia. Sempat positions of Member of the International
menjabat sebagai Anggota International Accounting Education Standard Board IFAC
Accounting Education Standard Board IFAC (2015-2019), Tax Supervisory Committee of
(2015-2019), Komite Pengawas Pajak di the Indonesia Ministry of Finance (2010-
Kementerian Keuangan Republik Indonesia 2013), Independent Commissioner of PT Astra
(2010-2013), Komisaris Independen PT Astra International Tbk (2014-2018), Member of the
Internasional Tbk (2014-2018), Anggota Komite Audit Committee of PT Hero Tbk (2009- 2013),
Audit PT Federal International Finance, PT Member of the Audit Committee of PT Astra
Astra Sedaya Finance dan PT Serasi Autoraya International Tbk and PT Astra Graphia Tbk
(2005-2008). (2008-2012), Member of the Audit Committee
of PT Federal International Finance, PT Astra
Sedaya Finance and PT Serasi Autoraya
(2005-2008).
Beliau menyelesaikan pendidikannya di Graduated from the Department of Accounting of
Fakultas Ekonomi Jurusan Akuntansi Universitas Economics Faculty at University of Indonesia
Indonesia tahun 1987, Master of Business in 1987, Master of Business Administration from
Administration di Indiana University tahun 1990 the Indiana University in 1990, and Doctor of
Philosophy from the Texas A&M University in
dan Doctor of Philosophy, Texas A&M University
1996.
tahun 1996.

Anggota Member
Lindawati Gani
Warga Negara Indonesia, usia 58 tahun, Indonesian Citizen, 58 years old, started
mulai menjabat sebagai anggota Komite Audit serving as the Company’s Audit Committee
Perseroan berdasarkan Keputusan Sirkular member by virtue of Audit Committee Letter of
Dewan Komisaris PT Astra Agro Lestari Tbk Appointment dated 14 May 2019. She became a
tanggal 14 Mei 2019. Beliau menjadi Guru Professor of the Economics and Business Faculty
Besar Fakultas Ekonomi dan Bisnis Universitas of the University of Indonesia (FEB UI) since
Indonesia (FEB UI) sejak 2011. Saat ini, beliau 2011. Currently, she is also a member of Audit
juga menjabat sebagai anggota Komite Committee of PT Astra International Tbk since
Audit PT Astra International Tbk sejak 2017, 2017, member of the National Executive Board of
anggota Dewan Pengurus Nasional Ikatan the Indonesian Accounting Association (IAI) since
Akuntan Indonesia (IAI) sejak 2014, anggota 2014, member of the Membership Committee
dari Membership Committee International International Federation of Accountants (IFAC)
Federation of Accountants (IFAC) sejak 2019, since 2019, council member of the ASEAN
council member of ASEAN Federation of Federation of Accountants (AFA) since 2014,
Accountants (AFA) sejak 2014, anggota Komite member of the Public Accountant Profession
Profesi Akuntan Publik sejak 2016, anggota Committee since 2016, member of Accountancy
Accountancy Monitoring Committee Indonesia Monitoring Committee Indonesia since 2016
sejak 2016, dan Wakil Ketua Dewan Pengurus and Vice-Chairman of the Indonesian Institute
Indonesian Institute for Corporate Directorship for Corporate Directorship (IICD) since 2015. In
(IICD) sejak 2015. Selain itu, beliau sebagai addition, she has been a lecturer at FEB UI since
Dosen di FEB UI sejak 1995 dan saat ini juga 1995 and currently serving as a member of the
menjabat sebagai anggota Senat Akademik UI UI Academic Senate since 2014 and member of
sejak 2014 serta anggota Dewan Guru Besar the Professor of the University of Indonesia since
Universitas Indonesia sejak 2015, Komisaris 2015, Independent Commissioner of PT Hero
Independen PT Hero Supermarket Tbk sejak Juni Supermarket Tbk since June 2012, and member
2012, serta anggota komite audit di beberapa of the audit committee in several companies.
perusahaan. Sebelumnya pernah menjabat Previously she served as Technical Advisor of
sebagai Technical Advisor of International the International Accounting Education Standard
Accounting Education Standard Board (IAESB) Board (IAESB), the International Federation of
the International Federation of Accountants (IFAC) Accountants (IFAC) in 2015 – 2019, Magister
pada 2015 – 2019, Pimpinan Magister Akuntansi of Accounting and Accounting Profession
dan Pendidikan Profesi Akuntansi (MAKSI-PPAk) Education (Magister Akuntansi dan Pendidikan
FEB UI pada 2003-2013. Profesi Akuntansi/MAKSI-PPAk) Program
Director at FEB UI in 2003-2013.
Beliau menyelesaikan pendidikan di Fakultas She completed her education at the Faculty
Ekonomi Universitas Airlangga pada tahun 1985, of Economics of Airlangga University in 1985,
meraih gelar MBA di Institut Pengembangan earned an MBA degree at the Institute of
Manajemen Indonesia afiliasi dengan Harvard Management Development of Indonesia in
Business School pada tahun 1986, meraih gelar affiliation with the Harvard Business School
Magister Manajemen FEB UI pada tahun 1994, in 1986, earned a Magister of Management
dan meraih gelar Doktor (Ph.D) dari FEB UI pada degree at FEB UI in 1994, and later a Doctor
tahun 2002. (Ph.D.) degree from FEB UI in 2002.

Budi Frensidy
Warga Negara Indonesia, usia 55 tahun, Indonesian Citizen, 55 years old, started to
mulai menjabat sebagai Anggota Komite serve as the Company’s Audit Committee
Audit Perseroan berdasarkan Keputusan Member based on Audit Committee Letter of
Sirkular Dewan Komisaris PT Astra Agro Lestari Appointment dated 14 May 2019. At the moment,
Tbk tanggal 14 Mei 2019. Saat ini, beliau juga he also serves as Member of Audit Committee
menjabat sebagai Anggota Komite Audit Astra of Astra Aviva Life since 2015, Member of Audit
Aviva Life sejak 2015, Anggota Komite Audit Committee of PT Bintraco Dharma Tbk since
PT Bintraco Dharma Tbk sejak 2016, Ketua Komite 2016, Member of Audit Committee of PT Andalan
Audit PT Andalan Finance Indonesia sejak Finance Indonesia since 2017, Member of Audit
2017, Anggota Komite Audit PT Lotte Chemical Committee of PT Lotte Chemical Titan Nusantara
Titan Nusantara Tbk sejak 2018, Komisaris Tbk since 2018, Independent Commissioner of
Independen PT Samuel Aset Manajemen sejak PT Samuel Aset Manajemen since 2019, Lecturer
2019, Dosen di Fakultas Ekonomi dan Bisnis at Economics and Business Faculty of the
Universitas Indonesia (FEB UI) sejak 1994 dan University of Indonesia (FEB UI) since 1994 and a
menjadi guru besar dalam Ilmu Keuangan professor in Financial and Capital Market since 1
dan Pasar Modal sejak 1 Desember 2019. December 2019. Previously he was an Investment
Sebelumnya beliau pernah menjadi Penasihat Advisor of PT Jasa Raharja (2009-2019),
Investasi PT Jasa Raharja (2009-2019), Investment Advisor Perum Jamkrindo (2014),
Penasihat Investasi Perum Jamkrindo (2014), Expert Staff of the Board of Commissioners of
Staf Ahli Dewan Komisaris PT Pertamina (2013), PT Pertamina (2013), and Senior Advisor of
dan Penasihat Senior Penerbit Salemba Empat Penerbit Salemba Empat (2007–2009). He
(2007–2009). Beliau menyelesaikan pendidikan completed his education at Faculty of Economics
di Fakultas Ekonomi dan Bisnis Universitas and Business at University of Indonesia (FEB UI)
Indonesia (FEB UI) pada tahun 1990, meraih in 1990, earned Master of Commerce in Finance
gelar Master of Commerce in Finance dari degree from University of New South Wales in
University of New South Wales pada tahun 1998, 1998, and earned Doctor (Ph.D.) degree from
dan meraih gelar Doktor (Ph.D.) dari Fakultas Faculty of Economics and Business at University
Ekonomi dan Bisnis Universitas Indonesia (FEB of Indonesia (FEB UI) in 2012.
UI) pada tahun 2012.
I nd e p e nd e nsi K o m i t e A u d i t Audi t Commi t t ee Independenc y

Dalam menjalankan tugas dan tanggung jawabnya, In performing its duties and responsibilities, the Audit
Komite Audit merupakan pihak yang independen. Untuk Committee is an independent entity. To ensure independency
memastikan independensi dan objektivitas dari Komite and objectivity of the Audit Committee, the Chief of the Audit
Audit, Ketua Komite Audit adalah salah satu Komisaris Committee shall be one of the Company's Independent
Independen Perseroan, sementara dua anggota lainnya Commissioners, while two other members shall be
adalah pihak eksternal yang bersifat independen. Berikut ini independent external parties. The following are criteria
adalah kriteria dan pemenuhan independensi dari ketua dan and independency fulfillment of chief and members of the
anggota Komite Audit Perseroan berdasarkan Peraturan OJK Company’s Audit Committee based on OJK regulation No.
No. 55/POJK.04/2015 tentang Pembentukan dan Pedoman 55/POJK.04/2015 on Audit Committee Formation and Work
Pelaksanaan Kerja Komite Audit: Execution Guide:
Kinerja Independensi Sidharta Utama Lindawati Gani Budi Frensidy

Independency Criterias
Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor Konsultan
Hukum, Kantor Jasa Penilai Publik atau pihak lain yang memberi jasa asuransi,
jasa non-asuransi, jasa penilai dan/atau jasa konsultasi lain kepada perseroan
dalam waktu 6 (enam) bulan terakhir.
Not a person in a Public Accountant firm, Law firm, the Office of Public Appraisal
√ √ √
Service or others who provide insurance service, non-insurance service,
appraisal services and/or other consulting service to the company within 6 (six)
months.
Bukan merupakan orang yang bekerja atau mempunyai wewenang dan
tanggung jawab untuk merencanakan, memimpin, mengendalikan atau
mengawasi kegiatan Perseroan dalam waktu 6 (enam) bulan terakhir (kecuali
Komisaris Independen). √ √ √
Not a person who work or have the authority and responsibility for planning,
directing, controlling, or supervising The Company's activities within 6 (six)
months (unless the Independent Commissioner).
Tidak mempunyai saham langsung maupun tidak langsung di Perseroan.
√ √ √
Not having shares directly or indirectly in The Company.

Keluarga tidak mempunyai saham langsung maupun tidak langsung di
Perseroan. √ √ √
The family does not have a direct or indirect shares in The Company.
Tidak mempunyai hubungan afiliasi dengan anggota Dewan Komisaris,
anggota Direksi, atau Pemegang Saham Utama perseroan.
√ √ √
Not having afiliation with members of the Board of Commissioners, members of
the Board of Directors, or controling shareholders of The Company.
Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang
berkaitan dengan kegiatan usaha Perseroan.
√ √ √
Not having business relationship directly or indirectly related to the business
activities of The Company.
Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota
legislatif dan/atau merupakan calon atau menjabat sebagai kepala/wakil
kepala pemerintahan daerah. √ √ √
Not serve on the board of political parties and/or candidates/members of
legislative and/or a candidate or as head/deputy head of regional government.
Tidak memiliki jabatan lain yang dapat menimbulkan benturan kepentingan
terkait dengan jabatan di Perseroan.
√ √ √
Not having other position which may cause conflicts of interests related to
positions in The Company.
Ra p a t d a n K e ha d i ra n K o m i t e A u d i t M eet i ngs and At t endanc e of Audi t Committee

M eet i ngs
Sesuai dengan ketentuan dalam Piagam Komite Audit, According to the provisions in the Audit Committee Charter,
Komite Audit wajib mengadakan rapat rutin sekurang- the Audit Committee shall hold at least 1 (one) routine
kurangnya 1 (satu) kali dalam setiap 3 (tiga) bulan, serta dapat meeting every 3 (three) months and may call for additional
mengadakan rapat tambahan jika diperlukan. Komite juga meetings as deemed necessary. The Committee may also
dapat menyelenggarakan rapat khusus guna melaksanakan hold special meetings to discuss specific matters. Audit
pembahasan masalah tertentu. Rapat Komite Audit juga Committee meetings are also attended by the Company’s
dihadiri oleh Direktur Keuangan Perseroan, Sekertaris Finance Director, Corporate Secretary, Chief of Group Audit
Perusahaan, Kepala Grup Audit dan Auditor Eksternal. and External Auditors.
Selama tahun 2020, Komite Audit telah melaksanakan 4 In 2020, the Audit Committee held 4 (four) meetings with
(empat) kali pertemuan dengan pihak Manajemen dan the Management and Internal Auditors and 3 (three)
Auditor internal serta 3 (tiga) kali pertemuan dengan Auditor meetings with Internal Auditors and External Auditors on the
Internal dan Auditor Eksternal. Untuk menjalankan program implementation of the 2020 Audit Committee work program.
kerja Komite Audit tahun 2020. Adapun tingkat kehadiran The attendance level of all members of the Audit Committee
dari seluruh anggota Komite Audit mencapai 100%. was 100%.
Persentase
Nama Jabatan Jumlah rapat Jumlah Kehadiran Kehadiran
Name Position Total meeting Total Attendance Percentage of
Attendance
Ketua (Komisaris
Angky Utarya Independen) 4 4 100%
Tisnadisastra* Chief (Independent
Commissioner)
Ketua (Komisaris
Sidharta Utama Independen) 3 3 100%
Chief (Independent
Commissioner)
Anggota (Pihak
Lindawati Gani Independen) 7 7 100%
Member (Independent
party)
Anggota (Pihak
Budi Frensidy Independen) 7 7 100%
Member (Independent
party)
*Bapak Angky Utarya Tisnadisastra meninggal dunia pada *Mr. Angky Utarya Tisnadisastra passed away on 21
21 September 2020 di Jakarta. September 2020 in Jakarta.

P e nd id ik a n d a n /a t a u P e l a t i h a n K o m i t e A udi t Audi t Commi t t ee E duc at i on and/or Trai ni ng
K o m i t e A u di t t e la h m e ng ik ut i b e r b a g a i p r o gr am The A udit C ommitte e par tic ipate d in va rio u s
p e n di di k an dan /a t a u p e la t iha n d a la m r angk a e duc ation and/or tr aining pr ogr ams to dev elo p
p e n gem ban gan k om p e t e nsi unt uk m e nu njang c ompe te nc e to s uppor t the pe r f or manc e o f its
p e l ak s an aan t ug a s- t ug a sny a . S e la m a tahun dutie s . In 2020, the A udit C ommitte e par tic ipated
20 2 0 , Ko m i t e A ud it t e la h m e ng ik ut i p r o gr am- in the f ollowing pr ogr ams :
p r o gr am s e baga i b e r ikut :
No Tanggal | Date Topik | Topics Tempat | Venue

Komite Audit | Audit Committe
1 2 April/April PSAK 71: Instrumen Keuangan Online
2 11 Juni/June Valuation & Impairment Considerations Post Covid-19 Era Online

3 22 Juni/June Agile Auditing: Kemitraan Komite Audit dengan Auditor Internal dalam Merespons Disrupsi Online
4 25 Juni/June Three Lines sebagai Katalisator Pemulihan Bisnis Era Normal Baru Online
5 29 Juli/July Peran Auditor Internal, Komite Audit, dan Auditor Eksternal Online
6 1 Oktober/ Multifinance Road to Recovery Online
October
LA PORAN K OM I T E A U D I T AUD IT CO M M IT T E E RE PO RT
Komite Audit bertanggung jawab kepada Dewan The Audit Committee reports to the Board of Commissioners
Komisaris dengan melakukan pengawasan yang by performing independent supervision on financial
independen atas laporan keuangan, menelaah statements, analyzing the effectiveness of the Company’s
efektivitas pengendalian internal dan manajemen risiko internal control and risk management, ensuring compliance
Perseroan, memastikan kepatuhan terhadap Peraturan with laws and regulations, performing supervision on
Perundang-undangan, melakukan pengawasan significant legal cases, and ensuring the adequacy of
terhadap kasus hukum yang signifikan, serta independent audit and internal audit in accordance with
memastikan kecukupan audit independen dan audit the Audit Committee Charter.
internal sesuai dengan Piagam Komite Audit.
Dalam membantu pelaksanaan peran dan tanggung To assist the Board of Commissioners in the performance
jawab Dewan Komisaris, maka Komite Audit memantau of its roles and responsibilities, the Audit Committee
dan mengawasi pelaksanaan tanggung jawab monitors and supervises the performance of the Company
Manajemen Perseroan atas pengendalian internal management’s responsibilities for company internal
Perseroan dan pelaporan keuangan konsolidasian control and consolidated financial statements, and the
serta pelaksanaan tanggung jawab auditor independen performance of independent auditor’s responsibilities for
atas audit laporan keuangan konsolidasian tahunan the Company’s annual consolidated financial statement
Perseroan yang disusun berdasarkan standar akuntansi audit which is prepared based on generally accepted
yang berlaku umum di Indonesia guna menerbitkan accounting standards in Indonesia in order to publish a
laporan yang memuat opini atas laporan keuangan statement containing an opinion on the financial statement.
tersebut.
Sebagai bagian dari proses pengawasan, Komite Audit As part of the supervisory process, the Audit Committee
bertemu secara berkala dengan Manajemen, Auditor meets periodically with the Management, Independent
Independen dan Auditor Internal serta membuat laporan Auditors, Internal Auditors, and prepares reports for the
kepada Dewan Komisaris Perseroan. Company’s Board of Commissioners.
Selama tahun 2020, pelaksanaan peran dan tanggung During 2020, the implementation of the roles and
jawab Komite Audit telah dilakukan sesuai dengan yang responsibilities of the Audit Committee are conducted in
tercantum pada Piagam Komite Audit, yaitu: accordance with the Charter of the Audit Committee as
follows:
1. Penelaahan Informasi Keuangan dan Kinerja Keuangan 1. Analysis of Financial Information and Financial
Performance
Komite Audit telah melakukan penelaahan dan berdiskusi To encourage accurate, reliable, and trustworthy
dengan manajemen baik mengenai laporan keuangan financial information for presentation and publication
konsolidasian Perseroan maupun informasi keuangan by the Company, the Audit Committee has carried out
lainnya. Hal tersebut bertujuan agar Perseroan dapat analysis and discussions with the management on the

menyediakan dan memublikasikan informasi keuangan consolidated financial statements and other financial
yang akurat, handal dan dapat dipercaya. information.
2. Pengawasan atas pekerjaan Auditor Eksternal 2. Supervision of External Auditor's Work
Komite Audit telah melakukan beberapa aktivitas In performing the supervision of auditor’s work
dalam melakukan pengawasan atas pekerjaan function, the Audit Committee has carried out
auditor, yaitu: several activities, namely:
• Menelaah dan berdiskusi dengan Auditor • Analyzing and discussing with the Company’s
Eksternal Perseroan mengenai rencana audit external auditors about audit plans and their
dan implementasinya. implementations.
• Menelaah temuan-temuan penting dari Auditor • Analyzing important findings by the external
Eksternal dan memonitor implementasi dari auditor and monitor the implementation of audit
rekomendasi hasil audit. result recommendations.
• Melakukan monitoring terhadap proses • Monitoring the financial reporting process
pelaporan keuangan dengan mendiskusikan by discussing the results of the audit on the
hasil audit atas Laporan Keuangan Company’s Consolidated Financial Statements.
Konsolidasian Perseroan.
• Memastikan Laporan Keuangan Konsolidasian • Ensuring that the Company Consolidated
Perseroan dapat dipublikasikan secara tepat Financial Statements can be published in a
waktu. timely manner.
3. Evaluasi efektivitas pengendalian internal dan 3. Evaluation of the effectiveness of internal controls
pelaksanaan fungsi Audit Internal and implementation of Internal Audit functions
Komite Audit melakukan evaluasi terhadap The Audit Committee evaluates the effectiveness
efektivitas pengendalian internal serta pelaksanaan of internal controls and implementation of main
tugas pokok dan fungsi internal auditor melalui duties and functions of internal auditors through the
beberapa aktivitas, yaitu: following activities:
• Menelaah dan berdiskusi dengan Auditor • Analyzing and discussing with the Company's
Internal Perusahaan mengenai aktivitas audit Internal Auditor about audit activities in 2020
selama tahun 2020 dan rencana Audit Internal and Internal Audit plans for 2021.
tahun 2021.
• Mengevaluasi pelaksanaan Audit internal dan • Evaluating the implementation of an Internal
menelaah temuan-temuan penting dari auditor Audit, analyzing important findings reported
internal serta memonitor implementasi dari by the internal auditor, and monitor the
rekomendasi hasil audit. implementation of audit result recommendations.
4. Penelaahan Manajemen Risiko 4. Analysis of Risk Management
Komite Audit telah melakukan pemantauan The Audit Committee has also periodically monitored
risiko dan mitigasinya secara berkala. Komite risks and their mitigations. It carried out in-depth
Audit melakukan pembahasan dan diskusi yang analyses and discussions with the Management
mendalam dengan Manajemen mengenai risiko- about major risks faced by the Company and what
risiko utama yang dihadapi oleh Perseroan dan risk mitigation strategies can be employed by the
bagaimana strategi mitigasi risiko yang dilakukan Company.
oleh Perseroan.
5. Kepatuhan terhadap peraturan dan Perundang- 5. Compliance with Laws and Regulation
undangan
Komite Audit telah melakukan penelaahan dan The Audit Committee performed analyses and
pengawasan atas kepatuhan Perseroan pada supervision of the Company’s compliance to laws
peraturan dan hukum, termasuk melakukan and regulations, including monitoring of laws
pemantauan peraturan dan hukum yang terkait and regulations related to the Company’s lines
dengan bidang usaha Perseroan serta perkara/ of business and cases/ disputes related to the
sengketa yang terkait dengan Perseroan maupun Company and business activities of the Company.
kegiatan usaha Perseroan.

Da l am pel ak s ana a n k e g ia t a n s e r t a p e r a n dan In c ar r ying out its ac tivitie s and imple me n tatio n
t an ggu n g j aw a b , K om it e Aud it m e m b e r ik an of r ole s and r e s pons ibilitie s , the A udit C ommittee
apr es i as i at as s e lur uh p e nje la sa n d a n t a ng gapan e xpr e s s e s its appr e c iation f or all e xplanatio n s
ya n g di ber i k an ole h p iha k m a na je m e n s e r ta and r e s pons e s pr ovide d by the M anagem en t
kes an ggu pan M a na je m e n unt uk m e nind a k lanjuti dur ing thos e ac tivitie s and M anage m en t’s
rek o m en das i aud it . c apability to tak e f ollow-up ac tions on the au dit
r e c omme ndations .
La po r an i n i d ib ua t d a n d it a nd a t a ng a ni ole h This r e por t is made and s igne d by the Au dit
Ko m i t e A u di t PT As t r a Ag r o Le st a r i T b k. C ommitte e of P T A s tr a A gr o L e s tar i Tbk .
Jakarta,
31 Desember 2020
Sidharta Utama
Ketua
Chief
Lindawati Gani Budi Frensidy

Anggota Anggota
Member Member

KOM I T E NOM I N A S I DA N R E MU N E R A S I NO M INAT IO N AND RE M UNE RAT IO N CO M M ITTEE

Komite Nominasi dan Remunerasi dibentuk serta The Nomination and Remuneration Committee was
bertanggung jawab untuk membantu dalam established by the Board of Commissioners and is responsible
pelaksanaan tugas dan fungsi pengawasan berdasarkan for providing assistance in the latter’s supervisory role in
sistem nominasi dan remunerasi bagi Dewan Komisaris accordance with the nomination and remuneration system
maupun Direksi. Dalam menjalankan tugas dan tanggung for both the Board of Commissioners and the Board of
jawabnya, Komite Nominasi dan Remunerasi berlandaskan Directors. In the performance of its duties and responsibilities,
pada piagam Komite Nominasi dan Remunerasi (“Piagam the Nomination and Remuneration Committee shall refer to
Komite”) yang ditetapkan oleh Dewan Komisaris pada tahun the Nomination and Remuneration Charter established by
2016 sesuai dengan ketentuan peraturan OJK. the Board of Commissioners in 2016 in accordance with
OJK regulations.
PI AG A M K OM I T E N O MI N A S I D A N R E MU N E RASI NO M INAT IO N AND RE M UNE RAT IO N CO M MITTEE
CHART E R
Piagam Komite Nominasi dan Remunerasi telah menjabarkan The Nomination and Remuneration Committee Charter
organisasi, keanggotaan, tanggung jawab, wewenang dan describes the organization, membership, reporting,
pelaporan. Piagam Komite Nominasi dan Remunerasi saat authority, and its reporting function. The current Nomination
ini menggunakan versi yang dikeluarkan pada 29 Januari 2014 and Remuneration Committee charter uses the version issued
dimana dapat dilihat dalam situs web Perusahaan. on 29 January 2014 which can be accessed in the Company
website.
KOM POS I S I AN GGO TA K O MI T E N O MI N A S I D AN CO M PO SIT IO N O F T HE NO M INAT IO N AND
RE M UNERAS I RE M UNE RAT IO N CO M M IT T E E M E M BE RS
Keanggotaan Komite Nominasi dan Remunerasi terdiri Membership of the Nomination and Remuneration Committee
dari 3 (tiga) orang yang salah satu diantaranya berasal shall comprise 3 (three) persons, one of whom shall be one
dari Komisaris Independen Perseroan yang merangkap of the Company Independent Commissioners who shall
sebagai Ketua Komite Nominasi dan Remunerasi. Masa concurrently Chair the Nomination and Remuneration
jabatan Komite Nominasi dan Remunerasi adalah 2 (dua) Committee. The tenure of the Nomination and
tahun. Remuneration Committee shall be two (2) years.
Selama tahun 2020 telah terjadi perubahan keanggotaan In 2020, changes in the membership of the Nomination and
Komite Nominasi dan Remunerasi. Komposisi Komite Remuneration Committee have taken place. The composition
Nominasi dan Remunerasi adalah sebagai berikut: of the Nomination and Remuneration Committee is as follows:

Ari Dono Sukmanto* Ketua* | Chief *
Johannes Loman Anggota | Member
Mariana Kokasih Anggota | Member
*sesuai surat pengangkatan Bp. Ari Dono Sukmanto pada *in line with the appointment letter of Mr. Ari Dono Sukmanto
tanggal 23 Oktober 2020. dated 23 October 2020.

Prof il Ang g ota K o m i t e N o m i n a s i d a n R e m u nerasi Nomination and Remuneration Committee’s Profile

Ketua Chief
Ari Dono Sukmanto
Warga Negara Indonesia, 58 Tahun. Menjabat Indonesian Citizen, 58 years old. Appointed
Anggota Komite Nominasi dan Remunerasi as the Company's Nomination and
Perseroan pada tahun 2020 berdasarkan Remuneration Committee in 2020 based
Berita Acara Rapat Dewan Komisaris tanggal on the Board of Commissioners meeting
23 Oktober 2020. Sebelumnya beliau menjabat in 23 October 2020. Previously, He serves
sebagai Wakapolri (Purna Tugas) (2018),
as Wakapolri (retired) (2018), Kabareskrim
Kabareskrim (2016), Wakabareskrim (2016), Staf
Ahli Kapolri Bidang Manajemen (Sahlijemen) (2016), Wakabareskrim (2016), Sahlijemen of
Sulawesi Tengah (2014), Kapolda Sulawesi Central Sulawesi (2014), Kapolda of Central
Tengah (2013), Dirtipidum Bareskrim Polri (2011), Sulawesi (2013), Dirtipidum Bareskrim Polri
Wakapolda Sulawesi Tengah (2011), Kabag (2011), Wakapolda of Central Sulawesi
Instalfor Puslabfor Bareskrim Polri (2010), (2011), Kabag Instalfor Puslabfor Bareskrim
Penyidik Utama tingkat II Dit V/Tipiter Bareskrim Polri (2010), Penyidik Utama TK II Dit V/
Polri (2009), Dir Reskrim Polda Jawa Barat Tipiper Bareskrim Polri (2009), Dir Reskrim
(2008), Dir Reskrim Polda DIY (2007), Kapoltabes Polda of West Java (2008), Dir Reskrim
Denpasar Polda Bali (2006), dan Dir Reskrim Polda DIY (2007), Kapoltabes of Denpasar
Polda Banten (2005). Beliau menyelesaikan
Polda in Bali (2006), and Dir Reskrim Polda
pendidikan di Akademi Angkatan Bersenjata
Republik Indonesia pada tahun 1985, kemudian of Banten (2005). He graduated from
menyelesaikan pendidikan di Perguruan Akademi Angkatan Bersenjata Republik
Tinggi Ilmu Kepolisian pada tahun 1995, serta Indonesia in 1985, then graduated from
menyelesaikan pendidikan kembali di Sekolah Perguruan Tinggi Ilmu Kepolisian in 1995,
Staf Pimpinan Polri pada tahun 1999, dan pada also graduated from Sekolah Staf Pimpinan
tahun 2010 beliau menyelesaikan pendidikan di Polri in 1999, and in 2010 He graduated
Sekolah Staf Pimpinan Tinggi Polri. from Sekolah Staf Pimpinan Tinggi Polri .
Anggota Member
Johannes Loman
Warga Negara Indonesia, usia 61 tahun. Indonesian Citizen, 61 years old. Appointed as
Menjabat sebagai Komisaris Perseroan pada Commissioner of the Company in 2020 based
tahun 2020 berdasarkan Pernyataan Keputusan on Decree No. 13 dated 10 June 2020. He also
Rapat No. 13 Tanggal 10 Juni 2020. Saat ini serves as Director of PT Astra International Tbk
beliau juga menjabat sebagai Direktur Director In Charge of Astra Motor I (Honda),
PT Astra International Tbk– Director in charge of Vice President Commissioner of PT Astra
Astra Motor I (Honda), Wakil Presiden Komisaris Otoparts Tbk, Commissioner of PT Menara
PT Astra Otoparts Tbk, Komisaris PT Menara Astra, Executive Vice President Director of PT
Astra, Wakil Presiden Direktur Eksekutif Astra Honda Motor, President Commissioner of
PT Astra Honda Motor, Presiden Komisaris PT Suryaraya Rubberindo Industries, President
PT Suryaraya Ruberindo Industries, Presiden Commissioner of PT Sedaya Multi Investama,
Komisaris di PT Sedaya Multi Investama, serta also serves as Commisioner of PT Musashi Auto Parts
menjadi Komisaris di PT Musashi Auto Parts Indonesia, PT Showa Indonesia Manufacturing,
Indonesia, PT Showa Indonesia Manufacturing, dan and PT Federal International Finance. Previously,
PT Federal International Finance. Sebelumnya He also served as Commissioner of PT Astra
beliau juga menjabat sebagai Komisaris Agro Lestari Tbk (2015-2017), Marketing Director
PT Astra Agro Lestari Tbk (2015-2017), of PT Astra Honda Motor (2007-2009), Marketing
Direktur Pemasaran PT Astra Honda Motor Director of PT Astra Daihatsu Motor (2006-2007),
(2007-2009), Direktur Pemasaran PT Chief Executive of Daihatsu Sales Operation PT
Astra Daihatsu Motor (2006-2007), Chief Astra International Tbk (2001-2007), Chief Executive
Executive of Daihatsu Sales Operation of Honda Sales Operation PT Astra International
PT Astra International Tbk (2001-2007), Chief Tbk (1999-2000), and Honda Sales Operation
Executive of Honda Sales Operation PT Astra PT Astra International Tbk (1984-1999). He is not
International Tbk (1999-2000), dan Honda Sales being affiliated with members of the Board of
Operation PT Astra International Tbk (1984-1999). Commisioners, members of the Board of Directors
Beliau tidak memiliki hubungan afiliasi dengan or main shareholders of the Company.
anggota dewan komisaris, anggota direksi
lainnya dan pemegang saham utama.

Beliau merupakan lulusan Fakultas Ekonomi di He graduated from the Faculty of Economics of
Universitas Parahyangan Katolik, Bandung. Parahyangan Catholic University, Bandung.

Mariana Kokasih
Warga Negara Indonesia, usia 51 tahun, Indonesian citizen, 51 years old, appointed
menjabat sebagai Anggota Komite Nominasi as member of the Company’s Nomination
dan Remunerasi Perseroan berdasarkan and Remuneration Committee based on
Keputusan Sirkular Dewan Komisaris Commissioner Circular Resolution PT Astra
PT Astra Agro Lestari, Tbk tanggal 22 April 2019. Agro Lestari Tbk dated 22 April 2019. At the
moment she is still serving as Chief of Group
Saat ini beliau masih menjabat sebagai Chief of
Executive Management and Development at
Group Executive Management and Development
PT Astra International Tbk since April 2019.
di PT Astra International Tbk sejak April 2019. Mariana has joined Astra since 1994 and
Mariana telah bergabung di Astra sejak tahun previously she has served as Audit Analyst of
1994 dan sebelumnya pernah menjabat PT Astra International Tbk, Human Resource
sebagai Audit Analyst PT Astra Internasional Tbk, Department Head (August 2008 – August
Human Resource Department Head (Agustus 2013), Human Resource Head Daihatsu
2008-Agustus 2013), Human Resource Head Sales Operation (September 2001 – May
Daihatsu Sales Operation (September 2001- 2004), and Executive Management Head of
Mei 2004) dan Executive Management Head PT Astra International Tbk (2016-2019). She
PT Astra Internasional Tbk (2016-2019). Beliau completed studies in Parahyangan Catholic
University Accounting department and earned
menyelesaikan studi di Universitas Katolik
a Magister Management degree from Institut
Parahyangan jurusan Akuntansi dan meraih
Bisnis dan Informatika Indonesia.
gelar Magister Manajemen dari Institut Bisnis
dan Informatika Indonesia.
Ra p a t d a n K e h a d i ra n R a p a t K o m i t e N o mi nasi M eet i ng and At t endanc e of t he Nomi nat i o n and

d a n Re m une r a s i Remunerat i on Commi t t ee M eet i ng
Sesuai dengan peraturan OJK dan ketentuan dalam Piagam In line with the provisions of OJK and the Nomination and
Komite Nominasi dan Remunerasi yang mewajib untuk Remuneration Committee Charter, the Committee shall hold
mengadakan rapat rutin sekurang-kurangnya 1 (satu) kali regular meetings, at least once in every 4 (four) months, and
dalam setiap 4 (empat) bulan, serta dapat mengadakan may call for additional meetings if deemed necessary.
rapat tambahan jika diperlukan
Selama tahun 2020, Komite Nominasi dan Remunerasi During 2020, the Nomination and Remuneration Committee
telah melaksanakan 3 kali pertemuan dengan tingkat held three (3) meetings with an attendance level of 100% of
kehadiran dari seluruh anggota dalam pertemuan tersebut all members.
sebesar 100%.
Pendidikan dan/atau Pelatihan Komite Nominasi Nomination and Remuneration Committee's Training
dan Remunerasi and/or Education
Komite Nominasi dan Remunerasi tidak mengikuti program During 2020, the Nomination and Remuneration Committee
pendidikan dan/atau pelatihan selama tahun 2020 did not participate in any education and/or training programs
sehubungan dengan adanya pandemi Covid-19. in view of the Covid-19 pandemic.
Lap or a n K om ite N o m i n a s i & R e m u n e ra s i Nomi nat i on & Remunerat i on Commi t t ee Repor t

Komite Nominasi dan Remunerasi bertanggung jawab The Nomination and Remuneration Committee is responsible
dalam membantu pelaksanaan peran serta tanggung for assisting the Board of Commissioners in carrying
jawab Dewan Komisaris terkait dengan fungsi nominasi out the latter’s responsibility related to the nomination
dan remunerasi yang disesuaikan dengan Piagam Komite. and remuneration function, adjusted to the Committee’s
Dalam melaksanakan peran dan tugasnya, Komite Charter. In carrying out its role and duties, the Nomination
Nominasi dan Remunerasi memberikan rekomendasi, and Remuneration Committee offers recommendations,
menyusun serta melakukan evaluasi secara berkala develops and periodically evaluates the policies and
terhadap kebijakan dan penetapan terkait dengan proses decisions related to the nomination and remuneration
nominasi dan remunerasi Dewan Komisaris serta Anggota process for the Board of Commissioners and the Board of
Direksi yang akan diteruskan kepada RUPS. Directors which will be presented to the GMS.
Sebagai bagian dari proses tata kelola, Komite Nominasi As part of the management process, the Nomination and
dan Remunerasi bertemu secara berkala dengan Dewan Remuneration Committee shall regularly hold meetings
Komisaris dan Direksi serta membuat laporan kepada with the Board of Commissioners and the Board of Directors
Dewan Komisaris bersama-sama dengan membuat and jointly prepare a supervisory report for the Board of
laporan pengawasan Dewan Komisaris yang akan Commissioners which shall become part of the Company
menjadi bagian dari laporan tahunan Perusahaan annual report to be presented to the GMS.
sehingga diteruskan kepada RUPS.

Pada tahun 2020, Komite Nominasi dan Remunerasi telah In 2020, the Nomination and Remuneration Committee held
bertemu maupun membahas hal-hal sebagai berikut: meetings to discuss the following matters:
1. Mengidentifikasi dan mengusulkan calon yang 1. Identifying and recommending candidates who meet
memenuhi syarat sebagai anggota Dewan the requirements to become members of the Board of
Komisaris dan anggota Direksi untuk mendapatkan Commissioners and Board of Directors to be approved
persetujuan RUPS. by the GMS.
2. Merekomendasikan perencanaan pengembangan 2. Recommending development planning for members of
bagi anggota Dewan Komisaris dan anggota Direksi. the Board of Commissioners and the Board of Directors.
3. Mengkoordinasikan penilaian sendiri (self-assessment) 3. Coordinating self-assessments of each member of
masing-masing anggota Direksi atas kinerja anggota the Board of Directors on the overall performance
Direksi secara keseluruhan dan anggota Dewan of the Board of Directors, and member of the Board of
Komisaris atas kinerja Dewan Komisaris secara Commissioner on the overall performance of the Board
keseluruhan. of Commissioners.
Pelaksanaan peran dan tugas Komite Nominasi dan The performance of the Committee’s role and duties was
Remunerasi dilakukan melalui kegiatan utama sebagai conducted through the following primary activities:
berikut:
1. Menelaah dan membahas dengan Dewan 1. Analyzing and discussing with the Board of
Komisaris dan anggota Direksi, kebijakan dan Commissioners and members of the Board of Directors
penerapan peraturan yang terkait dengan proses about policies and implementation of the process
nominasi dan remunerasi anggota Dewan Komisaris of nomination regulations and remuneration of the
dan anggota Direksi. members of the Board of Commissioners and the Board
of Directors.
2. Menelaah, memantau dan mendiskusikan dengan 2. Reviewing, monitoring and discussing with the Board of
Dewan Komisaris dan anggota Direksi mengenai Commissioners and members of the Board of Directors
kepatuhan Perseroan terhadap peraturan yang terkait on the Company’s compliance with regulations and the
dengan proses nominasi dan remunerasi anggota nomination and remuneration process of members of
Dewan Komisaris serta anggota Direksi. the Board of Commissioners and the Board of Directors.
Laporan ini dibuat dan ditandatangani oleh Komite Nominasi This report has been prepared and signed by the Committee
dan Remunerasi PT Astra Agro Lestari Tbk. for Nomination and Remuneration of PT Astra Agro Lestari
Tbk.
Jakarta,
31 Desember 2020
Ari Dono Sukmanto

Ketua
Chief
Johannes Loman Mariana Kokasih

Anggota Anggota
Member Member

SEKRETARIS PERUSAHAAN
C O R P O R AT E SEC RETA RY
Sesuai dengan Keputusan Direksi No. Leco/168/Ext/ In accordance with the Board of Directors' Resolution No.
AAL/V/2017 tertanggal 16 Mei 2017, mengangkat Mario Leco/168/Ext/AAL/V/2017 dated 16 May 2017, appointing
Casimirus Surung Gultom sebagai Sekretaris Perusahaan. Mario Casimirus Surung Gultom as the Corporate Secretary.
Pengangkatan dan pemberhentian Sekretaris Perusahaan Appointment and dismissal of Corporate Secretary are
berdasarkan Keputusan Direksi dan dilaporkan kepada OJK decided upon by the Board of Directors and reported to the
maupun BEI. OJK and IDX.
Dasar Hukum Pembentukan Sekretaris Perusahaan adalah Legal Basis of the Establishment of Corporate Secretary are
sebagai berikut : as follows:
• Undang-Undang No.40/2007 tentang Perseroan • Law No. 40/2007 on Limited Liability Company;
Terbatas;
• Undang-Undang No.8/1995 tentang Pasar Modal; • Law No. 8/1995 on Capital Market;
• Peraturan OJK Nomor 35/POJK.04/2014 tentang • Financial Services Authority Regulation Number 35/
Sekretaris Perusahaan Emiten atau Perusahaan Publik. POJK.04/2014 about Corporate Secretary of Issuer
Company or Public Company.
Sesuai dengan ketentuan OJK, Sekretaris Perusahaan According to OJK regulation, a Corporate Secretary is
bertugas mengikuti perkembangan Pasar Modal khususnya responsible to keep up with the development of Capital
peraturan perundang-undangan yang berlaku di bidang Market especially the laws and regulations in effect in the
Pasar Modal serta memberikan masukan kepada Dewan Capital Market and provide input to the Board of Directors
Komisaris dan Direksi Emiten atau Perusahaan Publik and Board of Commissioners of Issuer or Public Company in
untuk mematuhi ketentuan peraturan perundang-undangan order to comply with the requirements of Capital Market laws
di bidang Pasar Modal. and regulations.
Sekretaris Perusahaan juga bertugas membantu Dewan Corporate Secretary also tasked with assisting the Board of
Komisaris dan Direksi dalam pelaksanaan tata kelola Directors and Board of Commissioners in the implementation
perusahaan yang meliputi: of good corporate governance that includes:
1. Keterbukaan informasi kepada masyarakat, termasuk 1. Transparency of information to the public, including
ketersediaan informasi tertentu pada situs web the availability of certain information on the Company
Perseroan; website;
2. Penyampaian laporan kepada OJK tepat waktu; 2. Submission of reports to OJK in a timely fashion;
3. Penyelenggaraan dan dokumentasi RUPS; 3. Convention and documentation of GMS;
4. Penyelenggaraan dan dokumentasi rapat Direksi dan 4. Convention and documentation of Board of Directors'
rapat Dewan Komisaris; Meeting and Board of Commissioners' Meeting;
5. Pelaksanaan program orientasi bagi Direksi dan Dewan 5. Execution of orientation programs for the Board of
Komisaris; Directors and Board of Commissioners;
6. Bertindak sebagai penghubung antara Perseroan 6. Act as a liaison between the Company and the
dengan pemegang saham Perseroan, OJK, BEI dan shareholders of the Company, OJK, the stock market,
pemangku kepentingan lainnya. and other stakeholders.

Prof il S e k re ta r is P e ru s a h a a n Corporate Secretary Profile
MARIO CASIMIRUS SURUNG GULTOM

Warga Negara Indonesia, usia 55 tahun. Indonesian Citizen, 55 years old. Appointed
Menjabat sebagai Direktur Perseroan dan as Director of the Company and also served
merangkap sebagai Sekretaris Perusahaan as Corporate Secretary based on AGMS
Perseroan berdasarkan Keputusan RUPST decision of PT Astra Agro Lestari Tbk in
Perseroan tahun 2019. Beliau merupakan 2020. He serves as Commissioner of all
Komisaris seluruh afiliasi PT Astra Agro the Company’s subsidiaries. Previously,
Lestari Tbk. Sebelumnya menjabat sebagai he served as Deputy Director of Research
Deputi Direktur Research and Development and Development of the Company (2016-
Perseroan (2016-2017), Presiden Direktur 2017), President Director of the Company’s
afiliasi PT Astra Agro Lestari Tbk di Area subsidiaries on Central Kalimantan Area
Kalimantan Tengah (2015-2017), Direktur (2015-2017), Director of the Company’s
afiliasi PT Astra Agro Lestari Tbk di Area subsidiaries on Kalimantan Area (2007-
Kalimantan (2007-2014), Procurement 2014), Procurement Division Head of the
Division Head Perseroan (2001-2007), Company (2001-2007), Divisional Head of
Internal Audit Division Head Perseroan Corporate Internal Audit of the Company
(1995-2001), dan menjadi Asisten (1995-2001), and became Assistant
Manajer Auditor pada Akuntan Publik Manager of Auditors at Public Accountant
BDO Tanubrata (1987-1995). BDO Tanubrata (1987-1995).
Merupakan lulusan Sekolah Tinggi Ilmu He graduated from Sekolah Tinggi Ilmu
Ekonomi Indonesia, Jakarta. Ekonomi Indonesia, Jakarta in 1991.
Pe nd id ik a n da n /a t a u Pelatihan S e k ret ari s Corporat e Sec ret ary E duc at i on and/or Training
Pe r usa ha a n
Sekretaris Perusahaan telah mengikuti berbagai The Corporate Secretary participated in several education
program pendidikan dan/atau pelatihan dalam rangka and/or training programs to develop competence to
pengembangan kompetensi untuk menunjang pelaksanaan support the performance of his duties. In 2020, the Corporate
tugas-tugasnya. Selama tahun 2020, Sekretaris Perusahaan Secretary participated in the following programs:
telah mengikuti program-program sebagai berikut:
Tanggal Topik Tempat

No
Date Topics Venue
Sekretaris Perusahaan | Corporate Secretary
Pertemuan Tahunan Industri Jasa Keuangan 2020 Tema "Ekosistem Keuangan Berdaya
1 16 Januari/January Jakarta
Saing untuk Pertumbuhan Berkualitas"
2 5 Februari/February Mandiri Investment Forum 2020 Jakarta
3 26 Februari/February CFO Tax Forum 2020 Jakarta
4 5 Maret/March Audit Trainee AI 2020 (Speaker) Jakarta
5 27 Agustus/August Narasumber Workshop Wartawan Pasar Modal 2020 via Zoom (Jakarta)
6 12 Oktober/October Risk Management Sharing Session by Jardine Matheson via Zoom (Jakarta)
7 5 November/November Permata Webinar Omnimbus Law on Job Creation via Zoom (Jakarta)
Lap or a n S e k re ta ri s P e ru s a h a a n Report of t he Corporat e Sec ret ary

Pada tahun 2020, Sekretaris Perusahaan telah melaksanakan In 2020 the Corporate Secretary carried out his tasks covering
tugas-tugas antara lain sebagai berikut: the following:
1. Melakukan keterbukaan informasi terkait kegiatan 1. Providing transparency of Information related to
korporasi Perseroan, termasuk pembagian dividen final the corporate activities of the Company, including
dan dividen interim Perseroan. distribution of the Company final and interim dividends.
2. Memastikan pelaksanaan administrasi daftar 2. Ensuring the proper administration of the shareholders
pemegang saham maupun daftar khusus berjalan register as well as special register, and collaborating
baik dengan bekerja sama dengan biro administrasi with the appointed bureau of share administration.
saham yang ditunjuk.
3. Menyelenggarakan dan mengadministrasikan RUPS 3. Convening and administrating the Annual GMS on 10
Tahunan pada 10 Juni 2020. June 2020.
4. Melaksanakan program orientasi bagi anggota Direksi 4. Organizing orientation programs for the new Board of
dan Dewan Komisaris Perseroan yang baru. Directors and Board of Commissioners.
5. Menyelenggarakan dan mengadministrasikan rapat- 5. Convening and administrating meetings of the
rapat Direksi dan Dewan Komisaris Perseroan. Board of Directors and the Board of Commissioners.
6. Melakukan penyesuaian kebijakan Perseroan terkait 6. Making adjustments to the Company policies related to
tata kelola perusahaan. Good Corporate Governance.

DIVISI AUDIT INTERNAL

A UD I T I NT E RN A L DIV ISION
Divisi Audit Internal Perseroan didirikan atas dasar sebagai The Company’s Internal Audit Division was established on the
berikut : following basis:
• Undang-Undang Nomor 40/2007 tentang Perseroan • Law No. 40/2007 on Limited Liability Companies;
Terbatas;
• Undang-Undang Nomor 8/1995 tentang Pasar Modal; • Law No. 8/1995 on Capital Market;
• Peraturan OJK No.56/POJK.04/2015 tanggal • OJK Regulation No.56/POJK.04/2015 dated
29 Desember 2015 tentang Pembentukan dan Pedoman 29 December 2015 on Formation and Guidelines for
untuk Penyusunan Piagam Unit Internal Audit. Preparing an Internal Audit Unit Charter.
Perseroan membentuk Divisi Audit Internal berdasarkan The Company established an Internal Audit Division based
adanya kebutuhan untuk menerapkan proses evaluasi on the necessity to implement an evaluation process and
dan pengembangan pengendalian internal yang dapat to develop an internal control in order to improve the
meningkatkan efektivitas kegiatan Perseroan meliputi effectiveness of the Company's activities, which include risk
manajemen risiko dan tata kelola perusahaan. management and good corporate governance.
Tugas dan Tanggung Jawab Divisi Audit Internal: Duties and Responsibilities of the Internal Audit Division:
1. Menyusun dan melaksanakan audit internal tahunan; 1. Arrange and perform annual internal audits;
2. Menilai dan mengevaluasi pelaksanaan pengendalian 2. Assess and evaluate the implementation of internal
internal sesuai kebijakan perusahaan; controls in conformity with Company policies;
3. Memeriksa dan menilai efisiensi dan efektivitas 3. Verify and assess business efficiency and effectiveness,
bisnis, termasuk dalam aspek keuangan, akuntansi, including aspects of finance, accounting, operations,
operasional, sumber daya manusia, pemasaran, human capital, marketing, information technology, and
teknologi informasi, dan lain-lain; so on;
4. Menyusun dan menyampaikan laporan hasil audit 4. Develop and deliver audit result report to the Board of
kepada Direksi dan Dewan Komisaris; Directors and Board of Commissioners;
5. Memantau, menganalisa dan melaporkan pelaksanaan 5. Monitor, analyze and report the execution of improvement
tindak lanjut perbaikan yang telah disarankan; follow-ups that have been recommended;
6. Memberikan saran perbaikan dan informasi objektif 6. Provide improvement suggestions and objective
tentang kegiatan yang diperiksa, pada semua tingkatan information on activities examined at all management
manajemen; levels;
7. Bekerja sama dengan Komite Audit; 7. Collaborate with the Audit Committee;
8. Menyusun program untuk evaluasi mutu kegiatan audit 8. Develop programs to evaluate the quality of internal
internal yang dilakukan; audit activities performed;
9. Melakukan pemeriksaan khusus, jika diperlukan. 9. Carry out special audits, if necessary.
Pia g a m I nte r nal A u d i t Audi t Commi t t ee Chart er

Piagam Audit Internal telah menjabarkan visi, misi, tujuan dan The Audit Committee Charter describes the organization,
ruang lingkup maupun kode etik. Piagam Audit Internal saat membership, responsibility, authority, and its reporting
ini menggunakan versi yang dikeluarkan pada 12 Maret function. The current Audit Committee Charter uses the
2019 dimana dapat dilihat dalam situs web Perseroan. version issued on 12 March 2019 which can be accessed on
the Company website.

Prof il K e t ua A ud i t I n t e r n a l Profile of Internal Audit Chief
Budi Wiyono
Warga Negara Indonesia, usia 55 Indonesian Citizen, 55 years, serving as

tahun, menjabat sebagai ketua Audit Internal Audit Chief since 14 April 2017
Internal sejak 14 April 2017 berdasarkan based on Decree No. Leco/145/Ext/AAL/
Surat Keputusan No. Leco/145/Ext/AAL/ IV/2017. Joined the Company on 1 December
IV/2017. Bergabung dengan Perseroan 1997. He completed his education in
pada tanggal 1 Desember 1997. Beliau Brawijaya University Agriculture Technology
menyelesaikan pendidikan di Universitas department in 1991.
Brawijaya jurusan Teknologi Pertanian
pada tahun 1991.
Pe nd id ik a n d an /a t a u Pelatihan Ketua Audi t Int er nal Audi t Chi ef E duc at i on and/or Trai n ing
I nte r na l
Ketua Audit Internal telah mengikuti berbagai program The Internal Audit Chief participated in various education
pendidikan dan/atau pelatihan dalam rangka and/or training programs to develop competence to
pengembangan kompetensi untuk menunjang pelaksanaan support the performance of its duties. In 2020, the Audit
tugas-tugasnya. Selama tahun 2020, Ketua Audit Internal Committee participated in the following programs:
telah mengikuti program-program sebagai berikut:
Tanggal Topik Tempat

No
Date Topics Venue
Ketua Audit Internal | Internal Audit Chief

1 Agustus/August Fungsi dan Peran Internal Audit Pada Zoom Conference
Masa “Luar Biasa"
2 Oktober/October Whistleblowing: The Best Fraud PwC Online Conference
Detection Method
3 November/November Audit Plan in The New Normal Zoom Conference

M a na je m e n Ris i k o Ri sk M anagement
Perseroan yang bergerak dalam industri perkebunan kelapa The Company, which mainly operated on palm oil plantation
sawit selalu menghadapi sejumlah risiko bisnis, yang industry, will always face many business risks, the majority of
sebagian besar di antaranya adalah risiko eksternal dan di which are external risks beyond the Company's control. The
luar kendali Perseroan. Risiko usaha yang dihadapi Perseroan business risks faced by the Company corresponds with the
sesuai dengan karakteristik risiko sektor komoditas, salah characteristic risks in the commodity sector, one of which is
satunya adalah fluktuasi harga. price fluctuations.
Perseroan menganalisis semua potensi risiko untuk kemudian The Company analyzes all potential risks and subsequently
merumuskan strategi pengendalian atau manajemen risiko. formulates a control strategy or risks management. The
Tujuan dari penerapan manajemen risiko adalah: objective of implementing risk management is:
1. Menyediakan informasi yang dibutuhkan oleh Direksi 1. To provide the Board of Directors and management with
dan manajemen mengenai potensi risiko yang dihadapi the necessary information on potential risks faced by the
Perseroan. Company.
2. Informasi yang tersedia dijadikan dasar bagi Direksi 2. The available information will serve as the basis for
dalam mengambil keputusan-keputusan terkait dengan the Board of Directors to make decisions related to the
sasaran operasional Perseroan. Company's operational targets.
3. Penilaian risiko yang melekat dalam setiap aspek usaha 3. Assessment of inherent risks to every aspect of the
Perseroan. Company's business.
4. Pelaksanaan manajemen risiko juga menjadi pedoman 4. Implementation of risk management shall also become
bagi Komite Audit untuk menjalankan tugas mereka the guidelines for the Audit Committee in performing
untuk mengevaluasi dan menilai tata kelola Perseroan. their tasks to evaluate and assess the Company's
governance.
Prof il Risik o Ri sk Prof i l e
Berikut adalah sejumlah risiko yang berpotensi mem- The following are several risks which have the potential of
pengaruhi operasi bisnis Perseroan: affecting the Company's business operations:
1. Risiko Harga Komoditi 1. Commodity Price Risks
Bisnis kelapa sawit selalu dipengaruhi fluktuasi harga The oil palm business has always been affected by
karena naik turunnya permintaan dan penawaran price fluctuations due to the rise and fall of demand and
di pasar internasional. Semakin tinggi harga, maka supply in the international market. The higher the price,
akan semakin tinggi keuntungan Perseroan. Namun the higher Company profits will be. On the other hand,
sebaliknya, semakin rendah harga, semakin rendah the lower the price, the lower will be the profits, and
keuntungan dan berpotensi akan mengakibatkan potentialy causing greater losses.
kerugian lebih besar.
Untuk mengantisipasi risiko tersebut, Perseroan harus To anticipate the risks, The Company must ensure that the
memastikan agar CPO yang dihasilkan berkualitas CPO produced has higher quality with lower production
lebih tinggi dengan biaya produksi rendah sehingga costs in order to maintain competitiveness in the market
bisa mempertahankan daya saing di pasar sepanjang all year long.
tahun.
2. Risiko Keuangan 2. Financial Risks
Risiko keuangan dapat diakibatkan oleh fluktuasi harga Financial risks may be caused by price fluctuations in the
pada pasar internasional. Perseroan dan entitas-entitas international market. The Company and its subsidiary
anaknya mempunyai kondisi likuiditas yang baik, yang entities are in good liquidity condition, that can support
bisa mendukung rencana kerja dan dapat menopang the work plan and can protect the Company against
Perseroan terhadap kemungkinan fluktuasi harga possible price and exchange rate fluctuations in the
dan kurs di pasar. Selain itu, perbankan siap untuk market. In addition, the banking industry is prepared to
memberikan fasilitas pendanaan bagi Perseroan. provide funding facilities to the Company.
3. Risiko Operasional 3. Operational Risks
Risiko operasional terkait dengan pengelolaan biaya Operational risks related to the management of labor
tenaga kerja dan pemupukan. Seperti diketahui, and fertilizing costs. It is already known that labor and
biaya tenaga kerja dan pemupukan merupakan dua fertilization costs are the two biggest cost components
komponen biaya terbesar dari total keseluruhan biaya of the total maintenance cost. Operational risks are
pemeliharaan. Risiko operasional diantisipasi dengan anticipated by a more efficient crop maintenance process
proses pemeliharaan tanaman yang lebih efisien, and improvement of human resource productivity
serta peningkatan produktivitas sumber daya manusia through mechanization and automation.
dengan melakukan mekanisasi dan otomasi.

4. Risiko Hukum dan Kebijakan 4. Legal and Policy Risks

Sebagai perusahaan yang bergerak di dalam industri As a Company operating engaged in the palm oil industry,
perkebunan kelapa sawit, Perseroan menghadapi risiko the Company is also facing legal and policy risks. Legal
hukum dan kebijakan. Risiko hukum adalah risiko yang risks are risks arising in relation to the compliance with
timbul sehubungan dengan pemenuhan aspek legalitas to the legality aspects of the plantations managed by the
dalam entitas perkebunan yang dikelola Perseroan. Company. While policy risks are related to changes in
Sedangkan, risiko kebijakan terkait dengan perubahan policies in the palm oil industry, both policies issued by
kebijakan di dalam industri kelapa sawit baik kebijakan the national government and the regional governments.
dari Pemerintah pusat maupun Pemerintah daerah.
Risiko hukum juga tekait dengan hubungan antara Legal risks are also associated with the relationship
Perseroan dengan masyarakat di sekitar perkebunan between the Company and the communities around the
Perseroan. Untuk menjaga hubungan yang harmonis Company’s plantations. In maintaining a harmonious
antara Perseroan dengan masyarakat, Perseroan selalu relationship between the Company and the community,
memastikan bahwa kehadiran perkebunan Perseroan the Company always ensures that the presence of its
selalu memberikan manfaat timbal balik yang positif plantations must at all times provide a positive mutual
dengan masyarakat. Ini diwujudkan melalui program benefit to the community. This is achieved through
tanggung jawab sosial perusahaan. corporate social responsibility programs.
5. Risiko Bencana 5. Disaster Risks
Risiko bencana adalah risiko yang dihadapi oleh Disaster risks are risks faced by the Company as a
Perseroan akibat dari bencana alam seperti banjir, result of natural disasters such as flood, landslide, and
tanah longsor dan gempa bumi. Bencana alam dapat earthquake. Natural disasters can pose a business risk
membawa risiko usaha bagi Perseroan. Karena itu, to the Company. Therefore, the management of the
manajemen Perseroan telah merancang langkah- Company has designed measures to mitigate the risks
langkah pengurangan risiko bencana dan upaya of natural disasters, as well as anticipative efforts in the
mengantisipasi jika terjadi bencana alam. event such natural disasters occur.

AUDIT EKSTERNAL
Ex t e r n a l A u d it
Sepanjang tahun 2020, Perseroan telah menggunakan Throughout 2020, the Company engaged the services
jasa akuntan publik yaitu Kantor Akuntan Publik of a public accountant, namely Tanudiredja, Wibisana,
Tanudiredja, Wibisana, Rintis & Rekan (anggota jaringan Rintis & Partners (member of the PricewaterhouseCoopers
global PricewaterhouseCoopers). Penunjukan dilakukan global network). The appointment was based on the GMS
berdasarkan keputusan RUPS pada tanggal 10 Juni 2020 resolution on 10 June 2020, to provide auditing services on
untuk melaksanakan jasa audit atas laporan keuangan the Company’s consolidated financial statement for the
konsolidasian Perseroan tahun 2020 dan jasa prosedur year 2020 and for the attestation procedures on Report of
atestasi atas Pelaporan Kegiatan Penerapan Prinsip Application of Prudential Principles Activities in Managing the
kehati-hatian (“KKPK”) dalam Pengelolaan Utang Luar Negeri Offshore Debts of Non-bank Corporation. This effort was in
Korporasi Non-bank. Upaya ini sejalan dengan tanggung line with the responsibility of the Board of Directors to present
jawab Direksi untuk menyajikan laporan keuangan yang financial statements that comply with prevailing accounting
sesuai prinsip-prinsip dan praktik-praktik akuntansi yang principles and practices.
berlaku.
Tidak ada jasa lain yang diberikan oleh Kantor Akuntan Publik No other services have been provided by the Tanudiredja
Tanudiredja, Wibisana, Rintis & Rekan (anggota jaringan Wibisana, Rintis & Partners Public Accountant Firm (member
global PricewaterhouseCoopers) selain jasa tersebut di atas. of PricewaterhouseCoopers global network), other than the
services mentioned above.
Lem b a g a Profe s i o n a l P e n d u k u n g P e rs e ro an Prof essi onal Inst i t ut i ons Support i ng the
Company
Perseroan dan entitas anak menugaskan Lembaga The Company and all of its subsidiaries have engaged the
Profesional Pendukung Perseroan untuk mendukung services of Professional Institutions Supporting the Company
aktivitas bisnisnya, yang meliputi akuntan independen, to assist its business activities, including independent
penilai publik, aktuaris dan lembaga pemeringkat dengan accountants, public appraisers, actuaries, and rating service
total biaya sekitar Rp 12,58 miliar pada 2020. providers at a total cost of approximately Rp 12.58 billion in
2020.
PERKARA HUKUM
Legal Case
Hingga 31 Desember 2020, Perseroan tidak terlibat perkara Until 31 December 2020, the Company has not involved in
bersifat material yang dapat mempengaruhi kegiatan any material legal cases that may affect operational activities
operasional atau kondisi keuangan perusahaan. or financial conditions of the Company.
AKSES INFORMASI DAN DATA PERUSAHAAN

A c c e s s t o C o mp a n y 's In f o rmat io n and Data
Sesuai komitmen Perseroan terhadap implementasi As part of the Company's commitment to GCG transparency
prinsip-prinsip transparansi GCG, Perseroan senantiasa principles, the Company always provides easy public
memberikan kemudahan publik dalam mengakses access to the Company's financial information, publications
informasi finansial, publikasi (press release), produk (press releases), corporate products and actions through
dan aksi korporasi. Public Relations Perseroan secara the Company's website. The Company's Public Relations
berkala menerbitkan materi cetak maupun digital yang department regularly publishes digital and printed materials
dapat memberi informasi terkait perkembangan di internal that provide information on the Company's internal
Perseroan. developments.
Perusahaan juga senantiasa melakukan pelaporan informasi The Company also continuously reports material information
dan fakta material melalui surat kepada OJK dan Electronic and facts by mail to OJK and Electronic Reporting to IDX via its
Reporting kepada BEI melalui situs web (www.idx.co.id). website (www.idx.co.id).

S itus We b Websi t e
Perseroan menyediakan layanan akses informasi dan data The Company provides access to company information and
perusahaan melalui situs web http://www.astra-agro.co.id. data via website http://www.astra-agro.co.id. The website
Situs web tersebut menyediakan berbagai informasi dalam provides a wide range of information in two languages,
dua bahasa, yakni Bahasa Indonesia dan Bahasa Inggris. Bahasa Indonesia and English. It contains the Company
Situs web memuat profil Perseroan, visi dan misi, ikhtisar profile, vision and mission, financial summaries, press
keuangan, siaran pers, tanggung jawab sosial perusahaan, releases, Corporate Social Responsibilities (CSR), transparency
keterbukaan informasi, dan lain-lain sesuai Peraturan OJK. of information, and so on as required by the regulations of
Financial Services Authority.
Selain sebagai sarana penyebaran informasi kepada publik, Apart from being an instrument for spreading information
situs web ini juga merupakan upaya Perseroan dalam to the public, this website is also the Company's effort in
menerapkan praktik tata kelola perusahaan dan transparansi implementing good corporate governance and transparency
kepada seluruh pemangku kepentingan. Situs web juga practices to all stakeholders. It also publishes information
memuat informasi ketelusuran rantai pasok sebagai on supply chain traceability as part of the Company’s
komitmen Perseroan terhadap proses bisnis berkelanjutan. commitment to a sustainable business process.
S ia r a n Pe r s Press Rel eases
Perseroan secara proaktif menyebarluaskan berita-berita The Company pro-actively broadcasts the latest Company
terbaru terkait Perseroan dalam bentuk News Release news in the form of News Release to investors, analysts,
kepada investor, analis, dan jurnalis yang tersedia dalam and the media which are readily available in the Company's
database Perseroan. Berita tersebut berisi analisis rinci database. The news contains detailed financial analysis
Laporan Keuangan dan pengungkapan berita terbaru report and the latest significant news about the Company.
mengenai Perseroan yang signifikan.
Hub ung a n I nv e s t o r Invest or Rel at i ons
Sebagai perusahaan publik, Perseroan memelihara As a public company, the Company maintains good and
komunikasi yang baik dan terbuka dengan para investor open communication with its investors and shareholders.
dan pemegang saham. Divisi Hubungan Investor secara Furthermore, the Investor Relations department consistently
konsisten dan transparan menyediakan akses menuju and transparently provides access to information on trends
informasi mengenai tren dan strategi Perseroan serta kinerja and strategies as well as performances of the Company in
Perseroan untuk memenuhi kebutuhan investor, analis serta order to meet the needs of investors, analysts, and other
pemangku kepentingan lainnya. stakeholders.
P e r t e mua n d e n g a n A n a l i s d a n I n v e s t o r Meeting with Analysts and Investors
Investor Relations secara proaktif mengadakan pertemuan The Investor Relations department regularly meets the
antara investor dengan manajemen Perseroan, baik investors together with the management of the Company
dalam bentuk one-on-one meetings dan conference call either in one-on-one meetings and conference call held by
yang diselenggarakan oleh Perseroan, ataupun melalui the Company, or through investor visits based on demand
kunjungan investor atas dasar permintaan dari perusahaan from leading securities companies. Investor relations also
sekuritas terkemuka. Investor Relations juga berpartisipasi participated in investor conferences organized in Jakarta,
dalam konferensi investor yang diselenggarakan di Jakarta, cities in Indonesia and various cities in Asia.
kota-kota besar di Indonesia dan berbagai kota di Asia.
Untuk informasi lebih lanjut, silahkan kunjungi situs web For further information, please visit the Company's website or
Perusahaan atau hubungi Perseroan di alamat berikut. contact the Company at the following address
S e k re t a r is Pe r u s a h a a n Corporat e Sec ret ary
Kantor Pusat Jakarta Jakarta Head Office
Jl. Puloayang Raya Blok OR-1 Jl. Puloayang Raya Blok OR-1
Kawasan Industri Pulogadung Kawasan Industri Pulogadung
Jakarta 13930, Indonesia Jakarta 13930, Indonesia
Telp: (62-21) 461-6555 Telp: (62-21) 461-6555
Fax: (62-21) 461-6685, 461-6689 Fax: (62-21) 461-6685, 461-6689
E-mail : investor@astra-agro.co.id E-mail : investor@astra-agro.co.id
Web: www.astra-agro.co.id Web: www.astra-agro.co.id

KODE ETIK DAN BUDAYA PERUSAHAAN

C O D E O F C O N DU C T A N D C ORPO RATE CULTURE
KOD E ET I K CO D E O F CO ND UCT
Bertujuan memberi pedoman jelas kepada insan Astra Agro The Code of Conduct aims to provide clear guidance to Astra
dalam mematuhi berbagai aspek GCG dan pelaksanaan Agro personnel in complying with various aspects of GCG and
kegiatan usaha secara etis dan profesional. Astra Agro performing business activities ethically and professionally.
menyusun sebuah pedoman Kode Etik yang memberi aturan Astra Agro developed a Code of Conduct that provides rules
dan arahan bagi tiap-tiap fungsi organisasi dalam berpikir and directives for each function of the organization in the way
dan bertindak. Dengan mengambil filosofi Catur Dharma of thinking and behaving. The Code of Conduct adopted the
Astra sebagai dasarnya, kode etik diterjemahkan oleh Astra’s Catur Dharma philosophy as the foundation, which
Perseroan dalam 7 (tujuh) Nilai Budaya perusahaan yang was subsequently translated by the Company into the 7
dinamakan Sapta Budaya Planters. (seven) Values of Corporate Culture called Sapta Budaya
Planters.
Aspek-aspek yang diatur dalam pedoman Kode Etik Astra Aspects regulated in Astra Agro Lestari Code of Conduct
Agro Lestari, termasuk : include:
1. Nilai-nilai dan Prinsip-prinsip Dasar. 1. Basic values and principles.
2. Pedoman Etika Bisnis dan Etika Kerja. 2. Business Ethics and Work Ethics.
3. Peran Sekretaris Perusahaan, Audit dan Manajemen 3. Roles of Corporate Secretary, Audit, and Risk
Risiko. Management.
B UD AYA PERUS A HA A N CO RPO RAT E CULT URE
Nilai-nilai yang dianut Astra Agro merefleksikan filosofi Catur The values embraced by Astra Agro reflect the Astra’s Catur
Dharma Astra, yang secara khusus mengajak karyawannya Dharma philosophy, which specifically invites the employees
menjadi milik yang bermanfaat bagi bangsa dan negara, to become useful for country and the nation, to provide the
memberikan pelayanan terbaik kepada pelanggan, best service to the customers, to respect individuals and
menghargai individu dan membina kerjasama serta develop relationships, and to continuously strive for the best.
senantiasa berusaha mencapai yang terbaik.
Secara khusus, nilai-nilai Astra Agro dinamakan Sapta Specifically, the values of Astra Agro are called Sapta Budaya
Budaya Planters, yang mewakili 7 (tujuh) nilai utama Astra Planters, which represent 7 (seven) primary values of Astra
Agro Lestari yakni Budaya Jujur dan Bertanggung Jawab, Agro Lestari - Culture of honest and responsible, Culture
Budaya Triple S, Budaya Fanatik, Budaya Peduli, Budaya of Triple S, Culture of Fanatic, Culture of Caring, Culture of
Kontrol, Budaya Pembinaan dan Inovasi serta Budaya Korsa. Control, Culture of Coaching and Innovation, and Culture of
Corps Spirit.

SISTEM PELAPORAN PELANGGARAN

W HIS T L E B L OWIN G SY ST EM
Sistem pelaporan pelanggaran Perseroan bertujuan untuk The Company’s whistleblowing system aims at safe guarding
menjaga nilai perusahaan serta penanganan adanya the Company’s values and handling any indications of abuse
indikasi penyalahgunaan wewenang, penyimpangan of authority, fraud, and other actions that may be harmful
(fraud) dan tindakan lainnya yang merugikan Perseroan. to the Company. To support the system, the Company
Perseroan memiliki Tim whistleblowing yang bertugas dalam established a Whistleblowing Team in a supervisory and
menjalankan fungsi pengawasan dan pemeriksaan. investigative role.
Dalam menjaga dan meningkatkan nilai perusahaan, As an effort to safeguard and uphold the Company values,
Perseroan telah membentuk Whistle Blowing System (WBS) the Whistle Blowing System (WBS) serves to assist employees
sebagai wadah untuk membantu karyawan dan pemangku and stakeholders in reporting any indications of fraud. The
kepentingan terkait pelaporan indikasi fraud. WBS dibentuk WBS was established as a commitment to improving integrity
sebagai komitmen Perseroan untuk meningkatkan and transparency in preventing financial as well as non-
integritas dan transparansi dalam mencegah kerugian financial losses to the Company.
perusahaan baik finansial maupun non-finansial.
PE LA PORAN PEL A N GGA R A N WHIST LE BLO WING RE PO RT S
Pelaporan kemungkinan adanya kecurangan atau Reports of potential misconduct or irregular transactions are
transaksi yang tidak wajar dibuat secara tertulis ditujukan submitted in writing to the whistleblowing team accompanied
kepada tim whistleblowing yang disertai bukti-bukti by valid and verifiable supporting evidence. Whistleblowing
pendukung yang valid dan dapat diverifikasi. Media reports may be submitted in the form of documents, letters,
laporan pengaduan dapat berupa dokumen, surat atau or via electronic media.
media elektronik.
Pelanggaran mencakup adanya penyimpangan terhadap Reports may cover indications of violation of laws and
peraturan perundang-undangan, peraturan hukum, regulations, legal regulations, work ethics, business
etika kerja, etika bisnis, prinsip akuntansi yang berlaku ethics, generally accepted accounting principles, company
umum, kebijakan dan prosedur operasional perusahaan, operational policies and procedures, other policies deemed
kebijakan lain yang dianggap perlu oleh Perseroan dan necessary by the Company and any fraudulent actions
tindakan kecurangan lainnya yang dapat menimbulkan that may cause financial and non-financial losses to the
kerugian finansial dan non-finansial. Company.
PE NANG A NAN L A P O R A N PRO CE SSING O F RE PO RT S
Perseroan melakukan penelaahan atas laporan yang The company will verify the reports submitted and take any
diberikan dan mengambil tindakan-tindakan yang necessary follow-up actions. In addition, the Company will
diperlukan. Selain itu, Perseroan akan melakukan tindakan apply corrective measures deemed necessary to prevent
perbaikan yang dianggap perlu guna mencegah terjadinya the recurrence of similar violations.
pelanggaran yang sama.
Internal Audit menjalankan mekanisme penerimaan The Internal Audit Department will implement a mechanism
pelaporan pelanggaran sampai dengan penanganan for processing the receipt of such whistleblowing reports,
laporan yang berindikasi adanya fraud, hasil penanganan take actions if there are indications of fraud and submit a
pelaporan akan disampaikan kepada pihak-pihak yang report to the pertinent parties.
berkepentingan.
PE RLI ND UNG A N B A GI P E L A P O R PRO T E CT IO N O F WHIST LE BLO WE RS
Pelapor akan dilindungi dan di jaga kerahasiaan oleh The whistleblowing team will protect and keep the identity
tim whistleblowing Perseroan serta diberikan jaminan of the whistleblower confidential and will also guarantee
perlindungan atas ancaman yang mungkin timbul akibat protection against any retaliatory threats which may arise
pelaporan tersebut. from such a report.
Sesuai dengan prosedur WBS Perseroan, identitas pelapor In line with the WBS procedures, the Company will guarantee
akan dijamin kerahasiaannya serta diberikan jaminan the confidentiality of the whistleblower’s identity, and the
perlindungan terhadap pelapor atas ancaman yang timbul protection against any retaliatory threats which may arise
dengan adanya laporan tersebut. from such a report.
LA PORAN PELA N GGA R A N PA D A TA HU N 2 0 20 WHIST LE BLO WING RE PO RT S IN 2020
Tahun 2020, tim whistleblowing Perseroan tidak menerima In 2020, the whistleblowing team did not receive any
laporan pelanggaran. whistleblowing reports.

PENERAPAN PEDOMAN TATA KELOLA

PERUSAHAAN TERBUKA
G O O D C O R P ORAT E G OV ERN A N C E I MPLE ME NTATI ON
Sebagai Perusahaan Terbuka, Perseroan senantiasa patuh As a Public Company, the Company shall at all times observe
pada peraturan perundang-undangan yang berlaku. Untuk prevailing laws and regulations. In order to improve company
meningkatkan kualitas perusahaan dan menyelaraskan quality and to align the implementation of GCG practices with
penerapan praktik tata kelola yang baik sesuai dengan praktik exemplary international practices, the Company developed
internasional yang patut diteladani, Perseroan menyusun and implemented the Good Corporate Governance of Public
dan menjalankan Pedoman Tata Kelola Perusahaan Tebuka. Company Guide.
Komitmen kami dalam rangka menjalankan Pedoman Tata Our commitment in implementing the GCG of Public
Kelola Perusahaan Terbuka dapat dilihat dari 5 (lima) Aspek Companies Guide is evident in the 5 (five) aspects that have
yang menjadi pusat perhatian kami, yaitu : become our focus, namely:
1. Hubungan Perusahaan Terbuka dengan Pemegang 1. Open Relationship between the Company and
Saham dalam Menjamin Hak-Hak Pemegang Saham. Shareholders in Securing the Rights of the Shareholders.
2. Fungsi dan Peran Dewan Komisaris. 2. Functions and Roles of the Board of Commissioners.
3. Fungsi dan Peran Direksi. 3. Functions and Roles of the Board of Directors.
4. Partisipasi Pemangku Kepentingan. 4. Participation of the Stakeholders.
5. Keterbukaan Informasi. 5. Transparency of Information.
Selain Aspek tersebut, komitmen kami menjalankan Besides those aspects, our commitment to implementing the
Pedoman Tata Kelola Perusahaan Terbuka dapat dilihat dari GCG of Public Companies Guide is evident in the 8 (eight)
8 (delapan) Prinsip Pedoman Tata Kelola Perusahaan Terbuka Principles of GCG of Public Companies that we have fulfilled,
yang telah kami penuhi, yaitu: namely:
Meningkatkan Nilai Penyelenggaraan Rapat Umum Improving the Value of the General Meeting of Shareholders
Pemegang Saham (RUPS). (GMS)
• Perseroan memiliki cara atau prosedur teknis • The Company has open and closed technical
pengumpulan suara secara terbuka dan tertutup procedures of vote collection that emphasizes
yang mengedepankan independensi, dan independence and shareholder interests. The
kepentingan pemegang saham. Perseroan telah Company has fulfilled this recommendation. Both
memenuhi rekomendasi ini. Tata cara mengenai open and closed voting procedures are regulated
pengambilan suara baik secara terbuka maupun in the Company’s Articles of Association. In each
secara tertutup diatur di dalam Anggaran Dasar GMS, the voting mechanism is a part of the code
Perseroan. Dalam Pelaksanaan setiap RUPS, of conduct notified to the shareholders at the
mekanisme pengambilan suara merupakan beginning of the meeting.
bagian dari tata tertib rapat yang diinformasikan
kepada para pemegang saham di awal rapat.
• Seluruh anggota Direksi dan Dewan Komisaris • All members of the Board of Directors and Board
Perseroan hadir dalam RUPS tahunan. of Commissioners of the Company attended the
Sehubungan dengan ketentuan peraturan OJK AGMS. With regard to the provisions of the OJK
tentang penerapan Tata Kelola Perusahaan regulations on implementation of GCG of Public
Terbuka, Perseroan senantiasa meningkatkan nilai Companies, the Company continuously improves
penyelenggaraan RUPS Tahunan Perseroan antara the value of convening the AGMS, among others
lain merekomendasikan seluruh anggota Direksi by recommending all members of the Board of
dan Dewan Komisaris Perseroan untuk hadir dalam Directors and Board of Commissioners of the
RUPS Tahunan. Company to attend the AGMS.
• Menyediakan risalah RUPS dalam situs web. • Posting the minutes of GMS on the Company website.
Perseroan telah memenuhi rekomendasi ini. The Company has fulfilled this recommendation.

Meningkatkan Kualitas Komunikasi Perseroan dengan Improving the Quality of Communication between the
Pemegang Saham. Company and the Shareholders.
• Memiliki kebijakan komunikasi dengan pemegang • Having a communication policy with shareholders/
saham/investor. Perseroan sedang menyusun investors. The Company is developing a
kebijakan komunikasi dengan pemegang saham communication policy with shareholders and
dan investor. investors.
• Mengungkapkan kebijakan komunikasi dalam • Posting the communication policy on the Company
situs web. Apabila kebijakan komunikasi dengan website. As soon as the development of the
pemegang saham atau investor telah selesai communication policy with shareholders or investors
disusun, Perseroan akan mengungkapkannya has been completed, the Company will post it on
dalam situs web Perseroan. the Company website.
Memperkuat Keanggotaan dan Komposisi Dewan Strengthening the Membership and Composition of the
Komisaris. Board of Commissioners.
• Melakukan efektivitas anggota Dewan Komisaris • Improving the Effectiveness of the Members of
dengan menentukan jumlah sesuai pertimbangan. the Board of Commissioners by determining the
Perseroan telah memenuhi rekomendasi ini dengan number based on considerations. The Company
mengacu kepada peraturan terkait dan Anggaran has fulfilled this recommendation by observing the
Dasar Perseroan. relevant regulations and the Company's Articles of
Association.
• Memperhatikan keberagaman keahlian, • Considering the different expertise, knowledge,
pengetahuan dan pengalaman di dalam and experience in the composition of the Board
komposisi anggota Dewan Komisaris. Perseroan of Commissioners. The Company has fulfilled
telah memenuhi rekomendasi ini dengan mengacu this recommendation by observing the relevant
kepada peraturan terkait dan Anggaran Dasar regulations and the Company's Articles of
Perseroan. Association.
Meningkatkan Kualitas dan Tanggung Jawab Dewan Improving the Qualities and Responsibilities of the Board
Komisaris. of Commissioners.
• Dewan Komisaris mempunyai kebijakan penilaian • Board of Commissioners has its own evaluation policy
sendiri (self-assessment) untuk menilai kinerjanya. (self-assessment) to evaluate their performance.
Perseroan telah memenuhi rekomendasi ini The Company has fulfilled this recommendation by
dengan mengacu kepada peraturan terkait. observing the relevant regulations.
• Mengungkapkan penilaian sendiri • Posting the self-assessment in the Annual Report.
(self-assessment) dalam Laporan Tahunan. The Company has fulfilled this recommendation.
Perseroan telah memenuhi rekomendasi ini.
• Dewan Komisaris mempunyai kebijakan terkait • Board of Commissioners has its own member
pengunduran diri anggota Dewan Komisaris resignation policy if involved in financial crime. The
apabila terlibat dalam kejahatan keuangan. Company has fulfilled this recommendation.
Perseroan telah memenuhi rekomendasi ini.
• Dewan Komisaris atau Komite yang menjalankan • Board of Commissioners or Committee that
fungsi Nominasi dan Remunerasi menyusun implements the Nomination and Remuneration
kebijakan sukses dalam proses Nominasi anggota functions develop a succession policy in the Board
Direksi. Perseroan telah memenuhi rekomendasi membership Nomination process. The Company
ini. has fulfilled this recommendation.

Memperkuat Keanggotaan dan Komposisi Direksi. Strengthening the Membership and Composition of the
Board of Directors.
• Penentuan jumlah anggota Direksi mem- • Determining the size of the Board of Directors by
pertimbangkan kondisi Perseroan serta efektivitas considering the conditions of the Company and
dalam pengambilan keputusan. Perseroan telah effectiveness in decision making. The Company
memenuhi rekomendasi dengan mengacu kepada has fulfilled this recommendation by observing the
relevant regulations and the Company's Articles of
peraturan terkait dan Anggaran Dasar Perseroan.
Association.
• Penentuan komposisi anggota Direksi mem- • Determining the composition of the Board of
perhatikan keberagaman keahlian, pengetahuan, Directors by considering the different expertise,
dan pengalaman yang dibutuhkan. Perseroan telah knowledge, and experience required. The Company
memenuhi rekomendasi dengan mengacu kepada has fulfilled this recommendation by observing the
peraturan terkait dan Anggaran Dasar Perseroan. relevant regulations and the Company's Articles of
Association.
• Anggota Direksi yang membawahi bidang • Members of the Board of Directors that supervise
akuntansi atau keuangan memiliki keahlian dan/ accounting or finance areas have the expertise
atau pengetahuan di bidang akuntansi. Perseroan and/or knowledge in accounting. The Company has
telah memenuhi rekomendasi ini. fulfilled this recommendation.
Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Improving the Quality of Performing the Duties and
Jawab Direksi. Responsibilities of the Board of Directors.
• Direksi mempunyai kebijakan penilaian sendiri • Board of Directors has its own evaluation policy
(self-assessment) untuk menilai kinerja Direksi. (self-assessment) to evaluate their performance.
Perseroan telah memenuhi rekomendasi ini. The Company has fulfilled this recommendation.
• Kebijakan Penilaian sendiri (self-assessment) untuk • The self-assessment policy to evaluate the
menilai kinerja Direksi diungkapkan melalui laporan performance of the Board of Directors is posted in
tahunan. Perseroan telah memenuhi rekomendasi the Annual Report. The Company has fulfilled this
ini. recommendation.
• Direksi mempunyai kebijakan terkait pengunduran • Board of Directors has its own member resignation
diri Anggota Direksi apabila terjadi kejahatan policy if involved in financial crime. The Company
keuangan. Perseroan telah memenuhi rekomendasi has fulfilled this recommendation.
ini.
Meningkatkan Aspek Tata Kelola Perusahaan melalui Improving the Good Corporate Governance Aspect
Partisipasi Pemangku Kepentingan. through Participation of Stakeholders.
• Mempunyai kebijakan untuk mencegah terjadinya • Having a policy for preventing insider trading
insider trading. Perseroan telah memenuhi practices. The Company has fulfilled this
rekomendasi ini. recommendation.
• Memiliki kebijakan anti korupsi dan anti fraud. • Having anti-corruption and anti-fraud policies. The
Perseroan telah memenuhi rekomendasi ini. Company has fulfilled this recommendation.
• Memiliki kebijakan tentang seleksi dan peningkatan • Having a policy on selection and capability
kemampuan pemasok atau vendor. Perseroan improvement of suppliers or vendors. The Company
telah memenuhi rekomendasi ini. has fulfilled this recommendation.
• Memiliki kebijakan untuk pemenuhan hak-hak • Having a policy on fulfilling creditors' rights. The
kreditur. Perseroan telah memenuhi rekomendasi Company has fulfilled this recommendation.
ini.
• Memiliki kebijakan sistem whistleblowing. • Having a policy on whistleblowing system. The
Perseroan telah memenuhi rekomendasi ini. Company has fulfilled this recommendation.
• Memiliki kebijakan pemberian insentif jangka • Having a policy on providing long-term incentives
panjang kepada Direksi dan Karyawan. Struktur to the Board of Directors and employees. The
Remunerasi Direksi yang berlaku saat ini dinilai remuneration structure of the Board of Directors
telah mampu mendukung kinerja Direksi yang akan currently in effect is capable of supporting the
memberikan dampak jangka panjang bagi kinerja performance of the Board of Directors which will
Perusahaan. provide a long-term effect on the Company’s
performance.

Meningkatkan Pelaksanaan Keterbukaan Informasi Improving the Implementation of Information Transparency

• Memanfaatkan penggunaan teknologi informasi • Using information technology other than the
secara lebih luas selain situs web sebagai website as a media of information transparency. At
media keterbukaan informasi. Saat ini Perseroan the moment, the Company's opinion of information
merasa keterbukaaan informasi melalui situs web transparency via the Company’s website is sufficient.
Perseroan sudah mencukupi.
• Laporan Tahunan mengungkapkan pemilik manfaat • Annual Report disclosing the ultimate beneficial
akhir dalam kepemilikan saham Perseroan paling owners in the Company stock ownership of at
sedikit 5%, selain pengungkapan pemilik manfaat least 5%, besides disclosing the ultimate beneficial
akhir dalam kepemilikan saham Perseroan owners in the Company stock ownership through
melalui pemegang saham utama dan pengendali. main and controlling shareholders. The Company
Perseroan telah memenuhi rekomendasi ini dengan has fulfilled this recommendation by disclosing the
mengungkapkan struktur pemegang saham utama structure of the main and controlling shareholders
dan pengendali di dalam laporan tahunan. in the Annual Report.

Sentra Bermain di Rumah Pintar PT Letawa.
Playground at Rumah Pintar PT Letawa.

Active in
Growing
Corporate
Responsibility
06
Tanggung Jawab Sosial
Perusahaan
Corporate Social Responsibility

| Ta n g g u n g J a w a b S o s i a l P e r u s a h a a n |
TANGGUNG JAWAB SOSIAL BIDANG

LINGKUNGAN
S O C I A L R E S P ON SIB ILIT Y IN EN VIRONME NT
Area Konservasi di PT GSIP-AMR.

Conservation Area at PT GSIP-AMR.
Tinjauan Lin gku ngan Gas Rumah Kaca G re e n h o u s e G a s E m i s s i o n R e vi e w

Pening kata n emis i Gas R umah Kac a (GR K) di a t m o sf i r T h e i n cr e a si n g G r e e n h o u se G a s ( G H G ) e m i ssi o n s i n t he
m eng akiba tkan t e rjadiny a pe manas an s e c ara g l o b a l a t m o sp h e r e h a v e r e su l t e d i n g l o b a l w a r m i n g i m pa ct i ng
yang ber da mp ak t e rhadap be rbagai as pe k k e hi d u p a n v a r i o u s a sp e ct s o f l i f e i n cl u d i n g t h e a g r i cu l t u r e sect or.
terma suk sektor pe rt anian. P e rubahan pola cu r a h
U n p r e d i ct a b l e cl i m a t e ch a n g e s a n d p a t t e r n s i n ra i nfa l l
h ujan d an iklim ya ng s ulit dipre dik s i me njadi t ant a n g a n
u ntuk sektor per tanian. h a v e b e co m e ch a l l e n g e s f o r t h e a g r i cu l t u r e se ct or.
Untuk itu Perseroan me ne rapk an k e bijak an d a l a m T h e r e f o r e , t h e Co m p a n y h a s i m p l e m e n t e d a p ol i cy

m elakuka n id entif ik as i dan me mant au s e luruh s u m b e r t o i d e n t i f y a n d m o n i t o r a l l so u r ce s o f G H G e m issi ons
emisi GRK di kegiat an ope ras ional s e rt a me la ku ka n i n i t s o p e r a t i o n a l a ct i v i t i e s a n d t o m a ke e f f or t s t o
u pa ya–upa ya me ngurangi e mis i GR K me lalui s t r a t e g i
r e d u ce t h e se e m i ssi o n s t h r o u g h m i t i g a t i o n st r a teg i es,
m itig asi, anta ra lain de ngan t idak me la ku ka n
pe mbuka an keb un baru di are a High Carbon Stock b y n o t o p e n i n g n e w p l a n t a t i o n s i n a r e a s w i t h Hi g h
( HCS), High Conser vation Value (HC V) dan l a h a n C a r b o n St o ck ( H CS) , H i g h C o n se r v a t i o n Va l u e ( H C V) , a nd
gambut sesua i de ngan k e bijak an No Deforestation, p e a t l a n d a r e a s, u n d e r t h e N o De f o r e st a t i o n , N o P ea t , N o
No Peat, No Exploitation (NDPE) . P e nggunaan s u m b e r Exp l o i t a t i o n ( N DP E) p o l i cy. Ef f i ci e n t u se o f r e sour ces
daya secar a efisie n s e rt a pe ngolahan limbah p a b r i k a n d p r o ce ssi n g o f f a ct o r y w a st e w e r e a l so ca r r i ed
j ug a d ilakuka n unt uk me ngurangi e mis i me t ana. o u t t o r e d u ce m e t h a n e g a s e m i ssi o n s.
Penc egahan Kebak ar an L ahan P re ve n t i n g L a n d Fi re s

S e ja k tahun 20 07, P e rs e roan t e lah be rk om i t m e n Si n ce 2 0 0 7 , t h e Co m p a n y h a s co m m i t t e d t o a p ol i cy of
pad a keb ijaka n pe nc e gahan dan pe nanggul a n g a n p r e v e n t i n g a n d co m b a t i n g f o r e st a n d l a n d f i r e s (Karhutla) ,
k eba kar an huta n dan lahan (Karhut la) baik di w i l a y a h b o t h w i t h i n i t s p l a n t a t i o n s a n d i n t h e su r r o u n d i n g of i t s
Perseroan mau pun lingk ungan s e k it ar. Da l a m o p e r a t i o n a l a r e a s. T h e p o l i cy w a s i m p l e m e n t e d t hr oug h
m eng implementa s ik an k e bijak an t e rs e but , pe r se r o a n t h e i n t r o d u ct i o n o f a co m p r e h e n si v e f i r e m a n a gem ent
be r upa ya mela k uk an mit igas i t e rhadap an ca m a n sy st e m b y m i t i g a t i n g t h r e a t s o f f o r e st a n d l a n d fi r es,
k ar hutla melalui s is t e m manaje me n k e bak aran y a n g a n d f i r e e m e r g e n cy r e sp o n se p r o ce d u r e s t h r o u g hout
k omp rehensif sert a pros e dur t anggap darurat u n t u k a l l Co m p a n y ’s su b si d i a r i e s.
k eba kar an laha n dis e luruh anak us aha pe rs e roan .

| Corporate Social Responsibility |
Patroli intensif dalam mengidentifikasi bahaya potensi karhutla di PT TBM.

Intensive patrol to identify potential forest and landfire in PT TBM.
Perseroan memb e nt uk t im pe nanggulangan k a r h u t l a T h e Co m p a n y a l so se t u p f o r e st a n d l a n d f i r e - f i g ht i ng

yang terdiri d ar i 1. 200 pe t ugas pe madam k e ba ka r a n t e a m s m a d e u p o f 1 , 2 0 0 ce r t i f i e d f i r e f i g h t e r s t h r o ug hout
be r sertifika t di s e luruh w ilay ah ope ras ion a l n y a . i t s o p e r a t i o n a l a r e a s. T h e f i r e - f i g h t i n g i n f r a st ruct ur e
S arana da n pr as arana pe nanggulangan k e ba ka r a n a n d f a ci l i t i e s p r o v i d e d i n cl u d e f i r e e n g i n e s, l i g ht fi r e
s eper ti mob il p e madam, alat pe madam api r i n g a n , e xt i n g u i sh e r s, w a t e r p u m p s, a n d p e r so n a l p r ot ect i ve
pompa a ir, ser ta alat pe lindung diri juga dipe rsi a p ka n
e q u i p m e n t ( P P E) f o l l o w i n g p r e v a i l i n g g o v e r nm ent
s esuai deng an p e rat uran pe me rint ah y ang b e r l a ku .
Penga ma tan titik api dari s at e lit , pe ngaw as a n d a r i r e g u l a t i o n s. O b se r v a t i o n o f f i r e p o i n t s b y sa t el l i t e,
Mena ra Pa ntau, se rt a pat roli int e ns if di lapangan t e r u s m o n i t o r i n g f r o m o b se r v a t i o n t o w e r s, a n d i n tensi ve
dilakuka n sehing ga pe rs e roan dapat me ngide n t i f i ka si p a t r o l s i n t h e f i e l d a r e co n t i n u o u sl y ca r r i e d o u t s o t ha t
s ecar a d ini ba hay a pot e ns i k arhut la. P e mb u a t a n t h e C o m p a n y w i l l r e ce i v e e a r l y w a r n i n g o f a p ot ent i a l
s umb er air da n ak s e s inf ras t ruk t ur juga dipe rsi a p ka n f o r e st a n d l a n d f i r e . T h e C o m p a n y a l so p r e p a r e d sour ces
u ntuk mend ukung k e be rhas ilan pe nanggul a n g a n o f w a t e r a n d i n f r a st r u ct u r e a cce ss t o su p p o r t i t s ef for t s
k eba kar an. i n co m b a t i n g t h e se f i r e s.
D alam sistem manaje me n k arhut la di are a k o n se si , I n t h e f o r e st a n d l a n d f i r e m a n a g e m e n t sy st e m , t he

Perseroan juga me libat k an pe ran mas y arak at s e ki t a r. Co m p a n y a l so i n cl u d e d t h e r o l e o f t h e su r r o und i ng
H al ini kar ena wilay ah us aha pe rs e roan y ang b e r a d a co m m u n i t i e s, si n ce i t s co n ce ssi o n a r e a s a r e l o ca t ed
diteng ah la han mas y arak at . Hingga t ahun 2 0 2 0 ,
a m i d st t h e p e o p l e ’s l a n d s. U p t o 2 0 2 0 , t h e Com p a ny
pe r seroan membina 88 Ke lompok M as y arak at P e d u l i A p i
( MPA) ya ng ter sebar dis e luruh anak us aha pe rs e r o a n . a ssi st e d 8 8 g r o u p s o f C a r e f o r F i r e Co m muni t i es
(Masyarakat Peduli Api) sp r e a d a cr o ss a l l su b si d ia r i es.
Pad a tahun ini, k ondis i pande mi C ov id- 19 sa n g a t P a r t i cu l a r l y d u r i n g t h i s y e a r, t h e f o r e st a n d l a nd fi r e
be r da mp ak pa da program ant is ipas i k arhut la. U n t u k a n t i ci p a t i o n p r o g r a m w a s se r i o u sl y a f f e ct e d b y t he
m eng ata si situasi t e rs e but , pe rs e roan t e rus me la ku ka n C o v i d - 1 9 p a n d e m i c. To o v e r co m e t h e si t u a t i on, t he
be b erap a ter obosan s e pe rt i t e t ap me ne rapk an p r o t o ko l C o m p a n y i n t r o d u ce d se v e r a l i n n o v a t i o n s, a m ong
Ke seha tan d enga n me manf aat k an t e k nologi se p e r t i o t h e r s t h e st r i ct i m p l e m e n t a t i o n o f h e a l t h p r ot ocol s,
patr oli ap i ya ng di bant u ole h UAV (Drone) . S a a t i n i m a ke u se o f t e ch n o l o g y su ch a s d r o n e s ( U AV ) for fi r e
pe r seroan memilik i 29 unit Drone de ngan be r b a g a i p a t r o l s. Cu r r e n t l y, t h e C o m p a n y o w n s 2 9 d r o nes of
ti p e sesuai d enga n k ondis i di lapangan. P e rs e roa n j u g a v a r i o u s t y p e s t o su i t t h e co n d i t i o n s i n t h e f i e ld . The
m eng emb ang kan program s os ialis as i k arhut la ke p a d a C o m p a n y a l so d e v e l o p e d a n i n f o r m a t i o n d i sse m ina t i on
m a syar aka t sekit ar de ngan lay anan pe s an si n g ka t p r o g r a m o n t h e d a n g e r s o f f o r e st a n d l a n d f i r e s for t he
m eng enai ba haya k arhut la s e c ara pe riodik . su r r o u n d i n g co m m u n i t i e s u si n g sh o r t m e ssa g e se r vi ces
p e r i o d i ca l l y.

S ert if ikasi ISPO ISPO Certification

S e rtifika si Indonesian Sustainable Palm Oil ( I SP O ) I n d o n e si a n Su st a i n a b l e P a l m O i l ( I SP O ) ce r t i fi ca t i on
m er upa kan ma ndat w ajib y ang dibe rik an pe me r i n t a h i s m a n d a t e d b y t h e g o v e r n m e n t o f t h e R e p u b l i c of
Repub lik Ind ones ia k e pada s e luruh pe lak u b i sn i s I n d o n e si a t o a l l p a l m o i l b u si n e ss o p e r a t o r s, a p p l i ca b l e
k ela pa sawit, baik k e pada pe rus ahaan m a u p u n t o b o t h co m p a n i e s a n d sm a l l h o l d e r f a r m e r s. The
smallholder . Tid ak s e k adar me njalank an k e w a j i b a n , Co m p a n y h a s b e e n ca r r y i n g o u t t h e I SP O Ce r t i f i ca t i on
progr am Sertifika s i IS P O y ang dijalank an ole h pe rse r o a n p r o g r a m n o t o n l y a s a m a n d a t e d o b l i g a t i o n b u t a l so t o
m erupa kan b ent uk k omit me n t e rhadap k e b i j a ka n co n f i r m i t s co m m i t m e n t t o su st a i n a b i l i t y.
be rkela njuta n.
D eng an menda pat k an s e t if ik at IS P O, P e r se r o a n B y o b t a i n i n g a n I SP O ce r t i f i ca t e , t h e Co m p a n y ha s

telah melaksa nak an prins ip-prins ip IS P O yang i m p l e m e n t e d t h e I SP O p r i n ci p l e s w h i ch co n si st of
ter diri ata s k e pat uhan t e rhadap pe r a t u r a n co m p l i a n ce w i t h l a w s a n d r e g u l a t i o n s; i m p l e m e nt a t i on
pe runda ng-unda ngan; pe ne rapan prak t ik pe rk e b u n a n o f g o o d p l a n t a t i o n p r a ct i ce s; m a n a g e m e n t o f t he
ya ng b aik; peng e lolaan lingk ungan hidup, su m b e r e n v i r o n m e n t , n a t u r a l r e so u r ce s, a n d b i o d i v er si t y;
daya alam, da n k e ane k aragaman hay at i; t an g g u n g
m a n p o w e r r e sp o n si b i l i t i e s; so ci a l r e sp o n si b i l i t ies a nd
j a wa b ketena ga ke rjaan; t anggung jaw ab so si a l
co m m u n i t y e co n o m i c e m p o w e r m e n t ; i m p l e m e n t at i on of
dan p emb erda yaan e k onomi mas y arak at ; pe ne r a p a n
transpa ransi; se rt a pe ningk at an us aha se ca r a t r a n sp a r e n cy ; a l so co n t i n u o u s b u si n e ss i m p r o v e ment .
be rkela njuta n.
S e b anya k 38 unit us aha pe rs e roan t e lah me nda p a t ka n B y t h e e n d o f 2 0 2 0 , 3 8 o f t h e co m p a n y ' s b u si ness
s er tifika t ISPO sampai de ngan ak hir t ahun 2 0 2 0 . u n i t s h a v e o b t a i n e d I SP O ce r t i f i ca t i o n s. T h e Com p a ny
Per seroan ter us be rupay a unt uk me ndap a t ka n co n t i n u o u sl y st r i v e s t o o b t a i n I SP O ce r t i f i ca t i o n f o r a l l of
s er tifika t ISPO p ada s e luruh unit us aha pe rs e r o a n . i t s b u si n e ss u n i t s.
Pen ghargaan P RO PER P R O P E R Aw a rd
Per seroan me nunjuk an k e pat uhan terhadap T h e C o m p a n y sh o w e d i t s co m p l i a n ce t o w a r d s

pe ngelola an ling k ungan me lalui s e rt if ik as i P R O P ER e n v i r o n m e n t a l m a n a g e m e n t t h r o u g h P R O P ER ( C o m p a ny
(Program Penilaian Peringkat Kinerja Perusahaan dalam P e r f o r m a n ce Rating Program in En v i r o n m ent a l
Peng elolaa n L ingk ungan Hidup). P R OP E R me ru p a ka n Ma n a g e m e n t ) ce r t i f i ca t i o n . P R O P ER i s a ce r t i fi ca t i on
s er tifika si untuk me nunjuk k an pe ran pe rus ahaan y a n g sh o w i n g t h e r o l e o f co m p a n i e s t h a t h a v e p o t ent i a l /
m emiliki p otensi/ris ik o dalam me ningk at k an pe n g e l o l a r i sks in improving e n v i r o n m e n t a l m a n a gem ent
l i ng kunga n serta me mbe rik an e f e k s t imulan d a l a m a n d p r o v i d i n g st i m u l a n t e f f e ct s i n co m p l i a n ce w i t h
pe menuha n per at uran lingk ungan. e n v i r o n m e n t a l r e g u l a t i o n s.
Pa da tahun 2020 , t e rdapat 3 anak us aha P e r se r o a n I n 2 0 2 0 , t h r e e o f t h e Co m p a n y ' s su b si d i a r i e s r e cei ved

m enerima p engha rgaan P R OP E R Hijau t ingk at p r o v i n si t h e G r e e n P R O P ER a w a r d a t t h e p r o v i n ci a l l e v e l , w hi ch
ya ng menunjukkan bahw a k e giat an us aha y a n g sh o w s t h a t t h e b u si n e ss a ct i v i t i e s ca r r i e d o u t b y t he
dila kukan Per seroan t e lah s e s uai de ngan pe r a t u r a n Co m p a n y a r e f o l l o w i n g a p p l i ca b l e l a w s a n d r e g u l a t i ons,
pe runda ng-unda ngan y ang be rlak u, t e rut ama p a d a e sp e ci a l l y i n t h e f i e l d o f e n v i r o n m e n t a l m a n a g em ent .
bida ng p engelola an lingk ungan. Tidak hany a itu, T h e G r e e n P R O P ER a w a r d a l so sh o w s t h a t t h e C o m p a ny
pe ngha rga an PR OP E R Hijau juga me nun j u kka n h a s i m p l e m e n t e d a n e n e r g y e f f i ci e n cy p r o g r a m as w el l
Per seroan telah me lak s anak an program e f i si e n si a s C SR p r o g r a m s.
ener gi da n jug a p rogram-program C S R .
S e b anya k 23 ana k us aha P e rs e oran me ndap a t ka n A t o t a l o f 2 3 su b si d i a r y co m p a n i e s r e ce i v e d t he

pe ngha rga an PR OP E R B iru t ingk at nas iona l y a n g P R O P ER B l u e a w a r d a t t h e n a t i o n a l l e v e l , w hi ch
m enand aka n ket aat an t e rhadap s e luruh pe r a t u r a n si g n i f i e s co m p l i a n ce w i t h a l l l a w s a n d r e g u l a t i o n s i n t he
pe runda nga n-und angan pada bidang pe nge l o l a a n e n v i r o n m e n t a l m a n a g e m e n t se ct o r.
l i ng kunga n.
A st ra Green Company As t r a G re e n C o m p a n y
Per seroan ya ng me rupak an s alah s at u bagia n d a r i B e i n g p a r t o f t h e A st r a G r o u p , t h e Co m p a ny i s

G rup Astr a d ih arus k an unt uk me me nuhi s t a n d a r r e q u i r e d t o sa t i sf y t h e st a n d a r d s a n d e n v i r onm ent
dan kriter ia pen ge lolaan lingk ungan s e rt a K3 ( L K 3 ) m a n a g e m e n t cr i t e r i a a n d t h e K 3 ( L K 3 ) se t by t he
dala m Astra Green Company (A GC ). S is t e m ini m e n i l a i A st r a G r e e n C o m p a n y ( A G C) . T h i s sy st e m a s sesses
k i ner ja Perseroan dari as pe k s t rat e gi, pros e s , p r o d u k t h e p e r f o r m a n ce o f t h e C o m p a n y f r o m s ever a l
dan ka r ya wan. A GC juga me nilai k ine rja P e rse r o a n a sp e ct s su ch a s st r a t e g i e s, p r o ce sse s, p r od uct s
dar i a wal pr oses pe mbuk aan lahan s ampai d e n g a n a n d l a b o r f o r ce . A G C a l so a sse sse s t h e p e r f o r m a nce of
pe ng ola han CPO . D e ngan me ndapat k an A GC , P e r se r o a n t h e C o m p a n y st a r t i n g f r o m t h e l a n d cl e a r i n g pr ocess
tela h menja la nkan us aha de ngan me mat uhi p r i n si - t o t h e CP O m a n a g e m e n t . B y o b t a i n i n g a n A G C, t he
prinsip ramah ling k ungan. Co m p a n y h a s co n d u ct e d b u si n e ss i n co m p l i a n ce w i t h
e n v i r o n m e n t a l l y f r i e n d l y p r i n ci p l e s.
Tahun ini, satu a nak us aha P e rs e roan me ndap a t ka n T h i s y e a r, o n e su b si d i a r y o f t h e C o m p a n y r e ce i ved a

s ertifika t hijau dan s at u anak us aha P e rse r o a n g r e e n ce r t i f i ca t e a n d o n e su b si d i a r y r e ce i v e d a b l ue
m end ap atka n sert if ik at biru. ce r t i f i ca t e .

Tanggung Jawab Sosial Bidang Ekonomi

S O C I A L R E S P ON SIB ILIT Y IN EC O N OMY
Program pendampingan dan pembinaan mitra.

Introduced a partner coaching and development program.
Foto/photo : Riananda Giri Prasetya-PT SAL 2
S e ba ga i sumba ngs ih t e rhadap e k onomi mas y a r a ka t A s a co n t r i b u t i o n t o t h e e co n o m y o f t h e su r r o und i ng

s ekita r, per seroan me nge mbangk an program Income co m m u n i t i e s, t h e co m p a n y h a s d e v e l o p e d a n Incom e
Generating Activity (IGA ) y ang me liput i k e m i t r a a n G e n e r a t i n g A ct i v i t y ( I G A ) p r o g r a m w h i ch i n cl ud es
de ng an p etani k e lapa s aw it dan pe nge mb a n g a n p a r t n e r sh i p s w i t h p a l m o i l sm a l l h o l d e r s a n d n o n-p a l m
ekonomi non-sa w it . o i l e co n o m i c d e v e l o p m e n t .
Perseroan memilik i bis nis y ang s ama de ngan p e t a n i T h e C o m p a n y a n d t h e sm a l l h o l d e r s b o t h sh a r e t h e sa m e
s ehing ga hal ters e but me rupak an k e unggula n d a r i l i n e o f b u si n e ss, t h e r e f o r e , t h e se p a r t n e r sh i p s w hi ch
k emitraa n deng an pe t ani k e lapa s aw it , s e h i n g g a a r e n o t i n ci d e n t a l b u t m o r e su st a i n a b l e , p r o v i d e a n
k emitraa n tid ak incidental , t api le bih sustainable. a d v a n t a g e t o t h e p a l m o i l sm a l l h o l d e r P a r t ner shi p
Konsep kemitraa n s e pe rt i P las ma dan KKPA t e l a h co n ce p t s su ch a s P l a sm a a n d K K PA w h i ch h a v e b een
diter ap kan sejak P e rs e roan be rdiri. i m p l e m e n t e d si n ce t h e Co m p a n y w a s f o u n d e d .
S e ir ing ber ja la nny a w ak t u, P e rs e roan me nge mba n g ka n Over time, the Company has developed a partial
k onsep kemitr aa n pars ial y ang dis e s uaik an d e n g a n partnership concept tailored to the needs of its
k ebutuha n mitra. Kont rak Ke mit raan, y ang me ru p a ka n partners. The Partnership Contract is an implementation
aplika si da ri k ons e p k e mit raan pars ial d e n g a n of the partial partnership concept by promoting a
m eng edep anka n supplier journey , be rt ujuan u n t u k supplier journey, aiming to assist smallholder operations
m emba ntu oper as ional pe t ani agar le bih e f e k t i f d a n in becoming more effective and efficient, concurrently
efisien, mening kat k an k ompe t e ns i dalam pe nge l o l a a n increasing their competence in plantation management to
k ebun, sa mp ai de ngan k e pas t ian w ak t u t e rima T B S. ensure the timely supply of FFB.
S e ba ga i sa rana me mbant u ope ras ional ke b u n A s a m e a n s o f a ssi st i n g co m m u n i t y p l a nt a t i on

m a syar aka t, Per s e roan me mf as ilit as i mit ra u n t u k o p e r a t i o n s, t h e Co m p a n y f a ci l i t a t e d p a r t n e r s t o ob t a i n
m end ap atka n p upuk de ngan mudah dan t e rjan g ka u , f e r t i l i ze r s e a si l y a n d a f f o r d a b l y, p r o v i d e m a i n t ena nce
pe r awa tan da n p e rbaik an inf ras t ruk t ur k e bun, se r t a a n d r e p a i r o f p l a n t a t i o n i n f r a st r u ct u r e , a n d pr ovi d e
pe nyed ia an sa rana pe ngangk ut an T B S . S e lai n i t u , f a ci l i t i e s f o r t r a n sp o r t i n g F FB . B e si d e s, t o i m p r ove
dalam r ang ka me ningk at k an k ompe t e ns i mitra, p a r t n e r co m p e t e n ce , t h e co m p a n y i n t r o d u ce d a pa r t ner
pe r seroan mengadak an program pe ndamp i n g a n co a ch i n g a n d d e v e l o p m e n t p r o g r a m . Me a n w hi l e, t o
dan p emb ina an mit ra. S e dangk an unt uk me n j a g a e n su r e t h e t i m e l y r e ce i p t o f FF B , t h e Co m p a n y d e v e l op ed
k epa stia n d ite rimany a TBS t e pat w a kt u , a b o a r d i n g sy st e m . To f a ci l i t a t e co o p e r a t i o n w i t h
pe r seroan meng e mbangk an boarding system . Da l a m p a r t n e r s, i t a l so d e v e l o p e d a p a r t n e r sh i p syst em
m emper mud ah ke rjas ama de ngan mit ra, pe rs e r o r a n a p p l i ca t i o n ( SI SK A - Sistem Kemitraan ) . Wi t h t hi s
m eng emb ang kan A plik as i S IS KA (S is t e m Ke mi t r a a n ) . a p p l i ca t i o n , t h e su st a i n a b i l i t y a sp e ct o f t h e C o m p a ny’s
D enga n ap likasi t e rs e but , as pe k sustainability p a d a b u si n e ss p r o ce ss b e co m e s t r a ce a b l e .
proses b isnis pe rs e roan me njadi traceable.

Program Kontrak Transport Kemitraan.

Transport Partnerships Contract Program.
Foto/photo : Riananda Giri Prasetya-PT SAL 2
Perseroan membe rik an apre s ias i k e pada mitra T h e C o m p a n y e xt e n d e d i t s a p p r e ci a t i o n t o t he

de ng an pr ogr am A M A R TA (A pre s ias i M it ra Te r b a i k p a r t n e r s b y i n t r o d u ci n g t h e A p p r e ci a t i o n a s Best
Astra Ag ro L esta ri). A pre s ias i ini dibe rik an ke p a d a P a r t n e r s o f A st r a A g r o L e st a r i p r o g r a m ( A MA RTA -
m itra ya ng memilik i k omit me n y ang t inggi t e r h a d a p Apresiasi Mitra Terbaik A st r a A g r o L e st a r i ) . Thi s
k emitraa n. a p p r e ci a t i o n i s e xt e n d e d t o p a r t n e r s w h o sh o w a hi g h
co m m i t m e n t t o t h e p a r t n e r sh i p .
Selain komoditas kelapa sawit, Perseroan mengem- A p a r t f r o m p a l m o i l , t h e Co m p a n y a l so d e v e l o p e d ot her

bangkan komoditas lain guna meningkatkan pen- co m m o d i t i e s t o i n cr e a se t h e i n co m e o f t h e p e o p le w ho
dapatan masyarakat yang tidak memiliki kebun sawit. d o n o t o w n p a l m o i l p l a n t a t i o n s. T h i s p r o g r a m ha s
Program ini telah mengembangkan beberapa komoditas d e v e l o p e d se v e r a l h o r t i cu l t u r a l cr o p s, b o t h l o ng -t er m
tanaman hortikultura baik tanaman jangka panjang a n d se a so n a l cr o p s, f i sh e r y, a n d l i v e st o ck. To sup p or t
maupun tanaman semusim, komoditas perikanan, dan t h e a ch i e v e m e n t o f i n cr e a se d i n co m e , t h e Com p a ny
peternakan. Untuk mendukung tercapainya peningkatan a ssi st s i n t h e f o r m o f t r a i n i n g i n m a r ke t i n g cu l ti va t i on
pendapatan, Perseroan memberikan bantuan berupa t e ch n i q u e s a n d w o r ki n g ca p i t a l .
pelatihan teknik budidaya pemasaran dan modal usaha.


KESEHATAN
S O C I A L R E S P ON SIB ILIT Y IN H EA LT H CARE
Penerapan Protokol Kesehatan saat Apel Pagi di PT GSDI.

Implemented Health Protocol in Morning Briefing at PT GSDI.
Foto/photo : Dionisius Neing-PT GSIP
Perseroan b erupay a me mbe rik an ak s e s k e s e h a t a n T h e Co m p a n y h a s a l w a y s t r i e d t o p r o v i d e a ccess t o

yang b aik kep ada k ar y aw an, k e luarga k ar y a w a n , a d e q u a t e h e a l t h ca r e f o r e m p l o y e e s, t h e i r f a m i l ies, a s
m a upun masya rak at s e k it ar. Unt uk it u, P e rse r o a n w e l l a s t o t h e l o ca l co m m u n i t i e s. Fo r t h i s p u r p o se, t he
m emba ngun polik linik k e bun (polibun) dan C o m p a n y h a s b u i l t p o l y cl i n i cs a n d d e v e l o p e d a p ub l i c
m eng emb ang kan program pos y andu. P e rse r o a n m a t e r n a l h e a l t h p r o g r a m . T h e Co m p a n y m a i n t ai ns 31
m emiliki 31 Polib un dan 40 unit mobil ambulans y a n g a t - p l a n t a t i o n p o l y cl i n i cs (Polibun) a n d 4 0 a m b ul a nces
did ukung oleh SDM prof e s ional t e rdiri dari 30 d o kt e r, su p p o r t e d b y h e a l t h ca r e p r o f e ssi o n a l s co m p r i si ng
6 7 b id an ser ta 71 pe raw at . 3 0 d o ct o r, 6 7 m i d w i f e s, a n d 7 1 n u r se s.
Perseroan mela k s anak an pe me rik s aan k e s e h a t a n I t ca r r i e s o u t p e r i o d i c h e a l t h ch e cks i n a n e f f o r t t o com p l y

s ecar a p eriod ik s e bagai upay a me naat i st a n d a r w i t h h e a l t h st a n d a r d s t h a t e n su r e a h e a l t h y w o r k p l a ce.
k esehata n ya ng me njamin lingk ungan k e rja se h a t . A s r e q u i r e d b y p r e v a i l i n g l a w s a n d r e g u l a t i o n s, t he
Perseroan jug a be rt anggung jaw ab at as k e c e l a ka a n C o m p a n y i s a l so r e sp o n si b l e f o r w o r k a cc i d ent s
k erja ya ng terja di di lingk ungan k e rja s e s uai d e n g a n o ccu r r i n g i n i t s w o r kp l a ce .
k etentuan p eratur an pe rundang-undangan.
Untuk mencega h me re bak ny a pande mik C o v i d - 1 9 , To p r e v e n t a Co v i d - 1 9 p a n d e m i c o u t b r e a k , t he
Perseroan menerapk an prot ok ol k e s e hat an se ca r a Company st r i ct l y implemented health p r ot ocol s
k etat d enga n me ne rapk an 3M (me mak ai m a ske r, ( w e a r i n g m a sks, w a sh i n g h a n d s, a n d p h ysi ca l
m encuci tang an, dan me njaga jarak ) di s e l u r u h d i st a n ci n g ) a cr o ss t h e e n t i r e p l a n t a t i o n s. T h e Com p a ny
l i ngkung an Per kebunan. P e rs e roan juga be rk oo r d i n a si a l so co o r d i n a t e d cl o se l y w i t h t h e R e g i o n a l Co v i d - 1 9 Ta sk
de ng an Gug us Tugas D ae rah di s e k it ar ope ra si o n a l Fo r ce a r o u n d i t s a r e a s o f o p e r a t i o n .
pe r usaha an.
Perseroan melakuk an pe ny e mprot an dis inf e k t a n ke T h e C o m p a n y r e g u l a r l y sp r a y e d d i si n f e ct a nt t o
f asilita s-fasilitas umum dan me mbe rik an bant ua n A l a t p u b l i c f a ci l i t i e s a n d a ssi st e d i n d o n a t i n g P er sona l
Pelindung Dir i (A P D ) s e pe rt i baju haz mat , m a ske r, P r o t e ct i v e Eq u i p m e n t ( P P E) l i ke h a zm a t su i t s, m a sk s, et c.
dan lain seba gainy a k e pada Tim Gugus Tu g a s t o t h e m e m b e r s o f t h e C o v i d - 1 9 Ta sk Fo r ce i n v i l l a g es
Covid-19 d i Desa dan Ke c amat an s e k it ar pe rus a h a a n . a n d d i st r i ct s a r o u n d t h e p l a n t a t i o n s. T h e co m p a ny
Perseroan jug a me mbe ri bant uan s e pe rt i mas ke r d a n a l so d o n a t e d m a sks a n d h a n d sa n i t i ze r s to t he
hand sanitizer unt uk mas y arak at s e k it ar. su r r o u n d i n g co m m u n i t i e s.


PENDIDIKAN
S O C I A L R E S P ON SIB ILIT Y IN EDU C ATI ON
Tempat Pengasuhan Anak (TPA) di PT BIM.

Daycares (TPA) at PT BIM.
Pendidikan a da la h s alah s at u f ak t or pe nt ing d a l a m Ed u ca t i o n i s o n e o f t h e m o st i m p o r t a n t f a ct o r s i n t he

k ema jua n suatu bangs a. D alam me njalank an a kt i f i t a s p r o g r e ss o f a n a t i o n . I n ca r r y i n g o u t i t s b usi ness
u saha nya, Perse roan me ne mpat k an pe nd i d i ka n a ct i v i t i e s, t h e Co m p a n y p l a ce s e d u ca t i o n a s o n e of i t s
s eba ga i sa la h s at u program unggulan, baik u n t u k su p e r i o r p r o g r a m s, t a r g e t i n g b o t h i t s e m p l o y e es a nd
k ar ya wan maup un mas y arak at s e k it ar. t h e su r r o u n d i n g co m m u n i t y.
S amp ai deng an t ahun 2020, P e rs e roan telah U p t o 2 0 2 0 , t h e C o m p a n y h a s b u i l t 3 7 K i n d e r g a r t ens, 13
m emba ngun 37 Taman Kanak -Kanak (T K), 13 S e ko l a h El e m e n t a r y Sch o o l s a n d 1 0 J u n i o r H i g h Sch o o l s s p r ea d
D asa r (SD) d an 10 S e k olah M e ne ngah P e rt ama ( SMP ) f r o m A ce h P r o v i n ce t o Ce n t r a l Su l a w e si , t h r oug h
yang ter seba r d ari P rov ins i A c e h s ampai d e n g a n t h e A st r a A g r o L e st a r i Fo u n d a t i o n . T h e e xist ence
S ula wesi Teng ah me lalui Yay as an A s t ra A gro L e st a r i . o f t h e se sch o o l s h a s b e e n su p p o r t e d b y e d u ca t or s
Ke b erad aa n sekolah- s e k olah t e rs e but diduk ung o l e h co m p r i si n g 5 2 0 t e a ch e r s w i t h e xce l l e n t q u a l i f i cat i ons.
tenag a p endidik s e bany ak 520 guru de ngan k ua l i f i ka si T h e se t e a ch e r s h a v e b e e n r e cr u i t e d f r o m t h e b est
yang b aik. Gur u-guru t e rs e but dire k rut dari k a m p u s- ca m p u se s i n I n d o n e si a .
k ampus ter ba ik d i Indone s ia.
Perseroan mendo rong stakeholders unt uk ik ut t e r l i b a t The co m p a n y e n co u r a g e s st a ke h o l d e r s to g et
dalam meng emb angk an s is t e m pe ndidik an. P e rse r o a n i n v o l v e d i n d e v e l o p i n g t h e e d u ca t i o n sy st e m . The
terus memba ngu n s ine rgi de ngan dinas pe nd i d i ka n C o m p a n y co n t i n u e s t o b u i l d sy n e r g i e s w i t h t h e l oca l
s etemp at untuk me ningk at k an k ualit as pe nd i d i ka n e d u ca t i o n o f f i ce t o i m p r o v e t h e q u a l i t y o f e d u ca t i on
ana k-a nak masya rak at lok al pada 194 s e k olah b i n a a n f o r ch i l d r e n o f l o ca l co m m u n i t i e s i n 1 9 4 sch o ol s t ha t
yang ber ad a d i d e s a lingk ar y ang be rbas is k e man d i r i a n l o ca t e d i n t h e v i l l a g e ci r cl e b a se d o n i n d e p e n d e n c e a nd
dan peningka tan k ompe t e ns i anak didik . P e rs e roa n j u g a i n cr e a se t h e co m p e t e n ce o f i t s st u d e n t s. I t a l so p r ovi d es
m ember ika n kese mpat an y ang s ama k e pada k ar y a w a n e q u a l o p p o r t u n u t i e s i n a cce si n g t h e e d u ca t i o n t o i t s
m a upun ma syar ak at s e k it ar unt uk me ndapat k an a kse s e m p l o y e e s a n d su r r o u n d i n g co m m u n i t i e s. Tr a i ni ng
pe nd id ika n. Per s e roan me mbe ri pe lat ihan se ca r a p r o g r a m s h a v e b e e n o r g a n i ze d r e g u l a r l y t o i m p r o ve t he
be r kala untuk me ningk at k an k ompe t e ns i t e n a g a co m p e t e n ce o f t h e t e a ch i n g st a f f .
pe nd id ik.
D i ta hun 2020 ini, di t e ngah pande mi C o v i d - 1 9 , I n 2 0 2 0 , a m i d t h e C O V I D- 1 9 p a n d e m i c, t h e Com p a ny
Perseroan menjalank an k e giat an pe ndidik an d e n g a n ca r r i e d o u t t h e l e a r n i n g a ct i v i t i e s u n d e r st r i ct
m ener ap kan pr ot ok ol k e s e hat an s e c ara k e t at u n t u k h e a l t h p r o t o co l s t o cr e a t e a sa f e t e a ch i n g a n d l ea r ni ng
m encipta kan sua s ana k e giat an be lajar me n g a j a r e n v i r o n m e n t b y i m p l e m e n t i n g a L e a r n i n g Fr o m Hom e
yang a ma n d enga n me ne rapk an program B e laja r Da r i p r o g r a m . U n d e r t h i s p r o g r a m , t h e t e a ch i n g st a f f vi si t ed
Ruma h (BDR). Mela lui program ini, para t e naga pe n d i d i k
t h e p l a ce s w h e r e st u d e n t s l i v e (paguyuban) , w h e r e t he

Sentra Buku Rumah Pintar di PT Letawa.

Central Book of Rumah Pintar at PT Letawa.
m end ata ngi tempat - t e mpat pe s e rt a didik t i n g g a l n u m b e r o f a t t e n d i n g st u d e n t s w a s l i m i t e d t o co m p l y w i t h

( p ag uyuba n) d engan jumlah s is w a y ang dis e s u a i ka n h e a l t h p r o t o co l s.
de ng an p rotokol ke s e hat an.
Di samping pe ndidik an f ormal, P e r se r o a n I n a d d i t i o n t o f o r m a l e d u ca t i o n , t h e C o m p a ny a l so
m eng emb ang kan pe ndidik an non- f ormal berupa d e v e l o p e d n o n - f o r m a l e d u ca t i o n f a ci l i t i e s i n t h e for m of
Te mp at Penga suhan A nak (T PA ). Te rdapat 305 u n i t Da y ca r e s ( T PA ) . T h e r e a r e i n t o t a l 3 0 5 T PA u n i t s l o ca t ed
TPA ya ng b erlokas i di s e t iap k omple k pe rum a h a n i n t h e e m p l o y e e h o u si n g co m p o u n d s. T h e Co m p a n y a l so
k ar ya wan. Perseroan juga me nge mbangk an R u m a h e st a b l i sh e d t h e A st r a Sm a r t a n d G r e e n H o u se (Rumah
Pi nta r d an Hijau A s t ra y ang t e rle t ak di S ulaw e s i B a r a t . Pintar dan Hijau) l o ca t e d i n We st Su l a w e si . T h e A st r a
Ruma h Pintar d an Hijau A s t ra me njadi pus at be laja r b a g i Sm a r t a n d G r e e n H o u se a r e st u d y ce n t e r f o r p r eschool
ana k p rasekolah, anak put us s e k olah dan mas y a r a ka t ch i l d r e n , d r o p o u t ch i l d r e n , a n d t h e g e n e r a l p u b l ic.
u mum.
Perseroan mendorong pe ndidik an unt uk k e m a j u a n The Company encourages education for the advancement
k omunitas masya rak at marginal y ang be rdamp i n g a n of marginalized communities existing side by side with
de ng an keg ia tan P e rs e roan. P e rs e roan me mb a n g u n the Company's areas of activity. Collaborative programs
prog ram kerja sama de ngan Univ e rs it as Jambi were initiated with the Jambi University (UNJA) and the
( UNJA) da n P olit e k nik P e mbangunan Pertanian Bogor Agricultural Development Polytechnic (POLBANGTAN)
( PO L BANGTAN) B ogor guna me lahirk an ge n e r a si to produce the next generation of a local indigenous tribe
pe ner us Suku A nak D alam (S A D ) y ang me nd o r o n g (SAD- Suku Anak Dalam) which encourages changes in
pe r uba han b ag i komunit as ny a. their communities.
Te rpilihnya sa la h s at u t e naga pe ndidik s e bagai K e p a l a T h e se l e ct i o n o f o n e o f t h e e d u ca t o r s a s t h e m ost
S e kola h pa ling inov at if s e luruh Indone s ia me ru p a ka n i n n o v a t i v e Sch o o l P r i n ci p a l i n I n d o n e si a i s o n e of t he
s alah sa tu pr estasi C S R P e ndidik an pe rs e roan. co m p a n y ' s CSR a ch i e v e m e n t s i n e d u ca t i o n .

Optimizing
Profitability
to Create Strong
Financial Structure
07
LAPORAN KEUANGAN
KONSOLIDASIAN
Consolidated
Financial Statements


PT ASTRA AGRO LESTARI Tbk
DAN ENTITAS ANAK/
AND SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN/

CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2020 DAN 2019/

31 DECEMBER 2020 AND 2019

DAN ENTITAS ANAK/AND SUBSIDIARIES
Lampiran 1/1 Schedule
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF

KONSOLIDASIAN FINANCIAL POSITION
31 DESEMBER 2020 DAN 2019 31 DECEMBER 2020 AND 2019
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
2020 Notes 2019
ASET LANCAR CURRENT ASSETS
Kas dan setara kas 978,892 2c,2n,4,6c 383,366 Cash and cash equivalents
Piutang usaha, Trade receivables,
setelah dikurangi net of provision
penyisihan penurunan nilai for impairment of
sebesar Rp 24.261 Rp 24,261
(2019: Rp 23.910) (2019: Rp 23,910)
Pihak ketiga 391,189 2d,5 356,095 Third parties
Pihak berelasi 374,660 2d,2n,5,6c 12,644 Related parties
Piutang lain-lain Other receivables
Pihak ketiga 620,750 2d 384,290 Third parties
Pihak berelasi 3,385 2d,2n,6c 5,215 Related party
Persediaan 2,165,603 2e,7 1,974,035 Inventories
Aset biologis 258,134 2h,13 186,748 Biological assets
Uang muka 123,234 8 153,854 Advances
Pajak dibayar dimuka 1,022,043 9 1,015,764 Prepaid taxes
Total aset lancar 5,937,890 4,472,011 Total current assets
ASET TIDAK LANCAR NON-CURRENT ASSETS
Investasi pada ventura bersama 255,530 2b,10 167,067 Investments in joint ventures
Piutang jangka panjang - Long-term receivables -
pihak berelasi 456,951 2d,2n,6c 450,350 related parties
Aset pajak tangguhan, bersih 723,020 2o,18c 825,031 Deferred tax assets, net
Tanaman produktif Bearer plants
Tanaman menghasilkan, Mature plantations,
setelah dikurangi akumulasi net of accumulated
penyusutan dan penurunan depreciation and
nilai sebesar Rp 3.016.786 impairment of Rp 3,016,786
(2019: Rp 2.662.782) 5,461,796 2f,2j,11a 5,423,078 (2019: Rp 2,662,782)
Tanaman belum menghasilkan 1,544,060 2f,2j,11b 1,567,434 Immature plantations
Aset tetap, Fixed assets,
setelah dikurangi akumulasi net of accumulated
penyusutan dan penurunan depreciation and
nilai sebesar Rp 7.904.162 impairment of Rp 7,904,162
(2019: Rp 6.968.437) 9,242,161 2g,2j,2w,12 9,841,623 (2019: Rp 6,968,437)
Aset biologis - 2h,13 171,561 Biological assets
Goodwill 55,951 2b 55,951 Goodwill
Perkebunan plasma 1,493,464 2i,14 1,198,863 Plasma plantations
Tagihan restitusi pajak 2,485,464 18d 2,706,543 Claims for tax refunds
Aset lain-lain 124,944 2d,2v 94,612 Other assets
Total aset tidak lancar 21,843,341 22,502,113 Total non-current assets
TOTAL ASET 27,781,231 26,974,124 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes form an
bagian yang tidak terpisahkan dari laporan keuangan integral part of these consolidated financial statements.
konsolidasian.

LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENTS OF

KONSOLIDASIAN FINANCIAL POSITION
Catatan/
2020 Notes 2019
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Uang muka pelanggan Advances from customers

Pihak ketiga 81,072 15 72,968 Third parties
Pihak berelasi 64 2n,6c,15 16,232 Related parties
Utang usaha Trade payables
Pihak ketiga 749,456 2k,16 801,001 Third parties
Pihak berelasi 20,808 2k,2n,6c,16 25,844 Related parties
Liabilitas lain-lain Other liabilities
Pihak ketiga 463,203 2k,2v,2w 161,050 Third parties
Pihak berelasi - 2k,2n,6c 400 Related parties
Akrual 164,984 17 152,327 Accruals
Utang pajak 222,619 2o,18b 91,866 Taxes payable
Kewajiban imbalan kerja 90,300 2r,20 95,077 Employee benefits obligations
Pinjaman bank jangka pendek - 2p,19 150,000 Short-term bank loans
Total liabilitas jangka pendek 1,792,506 1,566,765 Total current liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Pinjaman bank jangka panjang 5,623,933 2p,19 5,535,466 Long-term bank loans
Liabilitas pajak tangguhan, bersih 133,160 2o,18c 142,484 Deferred tax liabilities, net
Kewajiban imbalan kerja 737,379 2r,20 651,344 Employee benefits obligations
Liabilitas lain-lain 246,459 2v,2w 99,538 Other liabilities
Total liabilitas jangka panjang 6,740,931 6,428,832 Total non-current liabilities
Total liabilitas 8,533,437 7,995,597 Total liabilities
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to owners

kepada pemilik Perusahaan: of the Company:
Modal saham 962,344 21 962,344 Share capital
Tambahan modal disetor 3,878,995 2b,22 3,878,995 Additional paid-in capital
Komponen ekuitas lainnya (585,804) 23 (164,066) Other components of equity
Saldo laba: 25 Retained earnings:
Dicadangkan 192,500 192,500 Appropriated
Belum dicadangkan 14,304,458 13,651,380 Unappropriated
18,752,493 18,521,153
Kepentingan nonpengendali 495,301 2b,24 457,374 Non-controlling interests
Total ekuitas 19,247,794 18,978,527 Total equity
TOTAL LIABILITAS DAN TOTAL LIABILITIES AND

EKUITAS 27,781,231 26,974,124 EQUITY
konsolidasian.

Lampiran 2 Schedule
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR

KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR FOR THE YEARS ENDED
(Dinyatakan dalam jutaan Rupiah, (Expressed in millions of Rupiah, unless otherwise
kecuali dinyatakan lain) stated)
Catatan/
2020 Notes 2019
Pendapatan bersih 18,807,043 2l,2n,2u,28 17,452,736 Net revenue
Beban pokok pendapatan (15,844,152) 2l,2n,29 (15,308,230) Cost of revenue
Laba bruto 2,962,891 2,144,506 Gross profit
General and administrative
Beban umum dan administrasi (704,009) 2l,30 (723,359) expenses
Beban penjualan (416,725) 2l,2o,30 (460,839) Selling expenses
Biaya pendanaan (418,290) 2l,31 (350,337) Finance cost
Keuntungan/(kerugian) Foreign exchange
selisih kurs, bersih 33,048 2m (34,652) gains/(losses), net
Penghasilan bunga 51,002 2n,32 30,214 Interest income
Bagian atas hasil bersih Share of results of
ventura bersama 88,463 2b,10 (5,899) joint ventures
Lain-lain, bersih (133,745) 33 61,226 Others, net
(1,500,256) (1,483,646)
Laba sebelum pajak penghasilan 1,462,635 660,860 Profit before income tax
Beban pajak penghasilan (568,856) 2o,18a,18b (417,231) Income tax expense
Laba tahun berjalan 893,779 243,629 Profit for the year
Penghasilan komprehensif lain: Other comprehensive income:
Pos-pos yang tidak akan Items not to be reclassified
direklasifikasi ke laba rugi: to profit or loss:
Pengukuran kembali Remeasurements from
atas kewajiban post-employment
imbalan pascakerja (3,701) 2r,20 (20,805) benefit obligations
Pos-pos yang akan Items to be reclassified
direklasifikasi ke laba rugi: to profit or loss:
Lindung nilai arus kas (516,286) 2v,19,38 (310,997) Cashflow hedge
Pajak penghasilan terkait 93,461 18b,18c 82,950 Related income tax
(426,526) (248,852)
Total laba/(rugi) komprehensif 467,253 (5,223)Total comprehensive income/(loss)
Laba yang dapat diatribusikan
kepada: Profit attributable to:
Pemilik Perusahaan 833,090 211,117 Owners of the Company
Kepentingan nonpengendali 60,689 32,512 Non-controlling interests
893,779 243,629
Total laba/(rugi) komprehensif Total comprehensive income/
yang dapat diatribusikan (loss) attributable to:
kepada:
Pemilik Perusahaan 406,486 (37,346) Owners of the Company
Kepentingan nonpengendali 60,767 32,123 Non-controlling interests
467,253 (5,223)
Laba per saham dasar/dilusian Basic/diluted earnings per share
(Rupiah penuh) 432.84 2s,34 109.69 (full amount)
konsolidasian.

148
Lampiran 3 Schedule
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Tambahan Komponen Saldo laba/Retained earnings Kepentingan

modal disetor/ ekuitas lainnya/ Belum nonpengendali/
Catatan/ Modal saham/ Additional Other components Dicadangkan/ dicadangkan/ Total/ Non-controlling Total ekuitas/
Notes Share capital paid-in capital of equity Appropriated Unappropriated Total interests Total equity
2019
Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

2019
Saldo 1 Januari 2019 962,344 3,878,995 (33,444) 192,500 13,989,234 18,989,629 484,893 19,474,522 Balance at 1 January 2019
Dividen kas 2t,26 - - - - (431,130) (431,130) (59,642) (490,772) Cash dividends
Rugi komprehensif tahun berjalan - - (130,622) - 93,276 (37,346) 32,123 (5,223) Comprehensive loss for the year
Saldo 31 Desember 2019 962,344 3,878,995 (164,066) 192,500 13,651,380 18,521,153 457,374 18,978,527 Balance at 31 December 2019
2020 2020
Saldo 1 Januari 2020 962,344 3,878,995 (164,066) 192,500 13,651,380 18,521,153 457,374 18,978,527 Balance at 1 January 2020
Dividen kas 2t,26 - - - - (175,146) (175,146) (22,840) (197,986) Cash dividends
Laba komprehensif tahun berjalan - - (421,738) - 828,224 406,486 60,767 467,253 Comprehensive income for the year
Saldo 31 Desember 2020 962,344 3,878,995 (585,804) 192,500 14,304,458 18,752,493 495,301 19,247,794 Balance at 31 December 2020
Catatan atas laporan keuangan konsolidasian merupakan bagian The accompanying notes form an
yang tidak terpisahkan dari laporan keuangan konsolidasian. integral part of these consolidated financial statements.
Lampiran 4 Schedule
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS

2020 2019
Arus kas dari aktivitas Cash flows from

operasi operating activities
Penerimaan dari pelanggan 18,376,924 17,414,370 Receipts from customers
Penerimaan penghasilan bunga, bersih 55,609 31,106 Receipts of interest income, net
Pembayaran kepada pemasok Payments to suppliers
dan karyawan (15,656,118) (15,014,707) and employees
Penerimaan/(pembayaran) pajak 560,293 (233,349) Receipts/(payments) of taxes
Pembayaran beban Payments to other
operasional lainnya (1,014,544) (905,067) operational expenses
Arus kas bersih yang diperoleh dari Net cash flows provided by
aktivitas operasi 2,322,164 1,292,353 operating activities

investasi investing activities
Penambahan aset tetap (461,413) (653,547) Additions of fixed assets
Penambahan tanaman produktif (509,098) (618,325) Additions of bearer plants
Penambahan aset biologis (28,687) (35,511) Additions of biological assets
Arus kas bersih yang digunakan untuk Net cash flows used in
aktivitas investasi (999,198) (1,307,383) investing activities

pendanaan financing activities
Penerimaan pinjaman bank 550,000 3,135,550 Proceeds from bank loans
Pembayaran pinjaman bank (700,000) (1,975,000) Payment of bank loans
Pembayaran dividen kas (175,130) (431,091) Payment of cash devidends
Pembayaran dividen kas kepada Payments of cash dividends to
pemegang saham nonpengendali (22,840) (59,642) non-controlling shareholders
Pembayaran biaya pendanaan (419,975) (335,723) Payment of finance cost
Arus kas bersih yang (digunakan untuk)/ Net cash flows (used in)/
diperoleh dari aktivitas pendanaan (767,945) 334,094 provided by financing activities
Kenaikan bersih kas dan Net increase in cash and

setara kas 555,021 319,064 cash equivalents
Dampak perubahan selisih kurs Effect of exchange rate changes

terhadap kas dan setara kas 40,505 15,220 on cash and cash equivalents
Kas dan setara kas pada Cash and cash equivalents

awal tahun 383,366 49,082 at the beginning of the year
Kas dan setara kas pada Cash and cash equivalents

akhir tahun 978,892 383,366 at the end of the year
konsolidasian.

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED

KONSOLIDASIAN FINANCIAL STATEMENTS
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan (Expressed in millions of Rupiah, unless otherwise
lain) stated)
1. UMUM 1. GENERAL
PT Astra Agro Lestari Tbk. (“Perusahaan”) didirikan PT Astra Agro Lestari Tbk. (“the Company”) was
dengan nama PT Suryaraya Cakrawala established under the name of PT Suryaraya
berdasarkan Akta Notaris Ny. Rukmasanti Cakrawala based on Notarial Deed No. 12 of
Hardjasatya, S.H., No. 12 tanggal 3 Oktober 1988, Ny. Rukmasanti Hardjasatya, S.H., dated
yang kemudian berubah menjadi PT Astra Agro 3 October 1988, which was then changed to
Niaga berdasarkan Akta perubahan No. 9 tanggal PT Astra Agro Niaga based on Deed of
4 Agustus 1989 dari notaris yang sama. Akta amendment No. 9 dated 4 August 1989 of the
pendirian Perusahaan dan perubahannya disahkan same notary. The deed of establishment and its
oleh Menteri Kehakiman Republik Indonesia dalam amendment were approved by the Minister of
Surat Keputusan No. C2-10099.HT.01.01.TH.89 Justice of the Republic of Indonesia in Decision
tanggal 31 Oktober 1989 dan diumumkan dalam Letter No. C2-10099.HT.01.01.TH.89 dated
Lembaran Berita Negara Republik Indonesia 31 October 1989 and published in the State
No. 101 tanggal 19 Desember 1989, Tambahan Gazette of the Republic of Indonesia No. 101 dated
No. 3626. 19 December 1989, Supplementary No. 3626.
Pada tanggal 30 Juni 1997, Perusahaan On 30 June 1997, the Company completed
melakukan penggabungan usaha dengan a merger with PT Suryaraya Bahtera in accordance
PT Suryaraya Bahtera melalui perjanjian with the merger agreement which was registered
penggabungan usaha yang diaktakan dengan Akta through Notarial Deed No. 126 dated 19 June 1997
Notaris Benny Kristianto, S.H., No. 126 tanggal and deed of amendment No. 176 of Benny
19 Juni 1997 beserta perubahannya No. 176 Kristianto, S.H., dated 30 June 1997. This merger
tanggal 30 Juni 1997. Penggabungan usaha ini was accounted for using the pooling of interest
dicatat dengan metode penyatuan kepemilikan method. After this merger, the Company’s name
(pooling of interest). Setelah penggabungan usaha was changed to PT Astra Agro Lestari and the
ini, nama Perusahaan diubah menjadi Company increased its authorised capital from
PT Astra Agro Lestari dan meningkatkan modal Rp 250 billion to Rp 2 trillion comprising 4 billion
dasar dari Rp 250 miliar menjadi Rp 2 triliun yang shares at par value of Rp 500 (full amount). The
terdiri dari 4 miliar saham dengan nilai nominal change of the Company's name and the increase
Rp 500 (Rupiah penuh). Perubahan nama dan in authorised share capital were effected by
peningkatan modal dasar Perusahaan ini diaktakan Notarial Deed No. 136 of Benny Kristianto, S.H.,
dengan Akta Notaris Benny Kristianto, S.H., dated 23 June 1997 and approved by the Minister
No. 136 tanggal 23 Juni 1997 dan disahkan oleh of Justice of the Republic of Indonesia in Decision
Menteri Kehakiman Republik Indonesia dalam Letter No. C2-5992.HT.01.04.TH.97 dated
Surat Keputusan No.C2-5992.HT.01.04.TH.97 2 July 1997 and published in the State Gazette of
tanggal 2 Juli 1997 dan diumumkan dalam the Republic of Indonesia No. 95 dated
Lembaran Berita Negara Republik Indonesia 27 November 1997, Supplementary No. 5616.
No. 95 tanggal 27 Nopember 1997, Tambahan
No. 5616.
Perubahan Anggaran Dasar Perusahaan guna The amendment to the Articles of Association
memenuhi ketentuan hukum dan peraturan yang pertaining to compliance with the capital market
berlaku di pasar modal, termasuk perubahan nama laws and regulations, including a change in the
Perusahaan menjadi PT Astra Agro Lestari Tbk., Company's name to PT Astra Agro Lestari Tbk.,
dan persetujuan para pemegang saham atas and shareholder’s approval to offer 125.8 million of
penawaran umum saham Perusahaan kepada the Company's shares to public, were effected by
masyarakat sebanyak 125,8 juta saham, diaktakan Notarial Deed No. 65 of Benny Kristianto, S.H.,
dengan Akta Notaris Benny Kristianto, S.H., No. 65 dated 11 August 1997. These amendments were
tanggal 11 Agustus 1997. Perubahan Anggaran approved by the Minister of Justice of the Republic
Dasar tersebut disahkan oleh Menteri Kehakiman of Indonesia in Decision Letter
Republik Indonesia dalam Surat Keputusan No. C2-8271.HT.01.04.TH.97 dated 21 August
No.C2-8271.HT.01.04.TH.97 tanggal 21 Agustus 1997 and published in the State Gazette of the
1997 dan diumumkan dalam Lembaran Berita Republic of Indonesia No. 95 dated
Negara Republik Indonesia No. 95 tanggal 27 November 1997, Supplementary No. 5617.
27 Nopember 1997, Tambahan No. 5617.


lain) stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
Anggaran Dasar Perusahaan telah beberapa kali The Company’s Articles of Association have been
mengalami perubahan. Penyesuaian Pasal 3 amended several times. The adjustment to the
Anggaran Dasar Perseroan perihal maksud dan Article 3 of the Company’s Articles of Association
tujuan serta kegiatan usaha diaktakan dengan Akta about the purpose and objectives and business
Notaris Aulia Taufani S.H., No.38 tanggal 15 April activities was effected by Notarial Deed No. 38 of
2019 yang telah disahkan oleh Menteri Hukum dan Aulia Taufani S.H., dated 15 April 2019 and was
Hak Asasi Manusia Republik Indonesia dengan approved by the Minister of Law and Human Rights
Surat Keputusan No. AHU-0025583.AH.01.02 of the Republic of Indonesia in Decision Letter
Tahun 2019, tanggal 14 Mei 2019 dan telah No. AHU-0025583.AH.01.02 Year 2019, dated
diumumkan dalam Lembaran Berita Negara 14 May 2019 and published in the State Gazette of
Republik Indonesia No. 78 tanggal 27 September the Republic of Indonesia No. 78 dated
2019, Tambahan No. 33442. 27 September 2019, Supplementary No. 33442.
Berdasarkan Anggaran Dasar Perusahaan, ruang Based on the Company’s Articles of Association,
lingkup kegiatan Perusahaan adalah pertanian dan the scope of its activities is to engage in agriculture
peternakan, perdagangan, industri pengolahan (agro and livestocks, trade, processing industry (agro
industri), pengangkutan dan jasa (aktivitas industry), transportation and services (scientific
profesional, ilmiah dan teknis). and technical professional activities).
Kantor pusat Perusahaan dan entitas anak (“Grup”) The Company and subsidiaries’ (the “Group”) head
berlokasi di Jalan Pulo Ayang Raya Blok OR no. 1, offices are located at Jalan Pulo Ayang Raya Block
Kawasan Industri Pulogadung, Jakarta. Perkebunan OR no. 1, Pulogadung Industrial Estate, Jakarta.
kelapa sawit dan pabrik Perusahaan berlokasi di The Company’s oil palm plantations and its mill are
Kalimantan Selatan. Perkebunan dan pabrik located in South Kalimantan. The subsidiaries’
pengolahan entitas anak berlokasi di pulau Jawa, plantations and mills are located in Java,
Sumatera, Kalimantan, dan Sulawesi. Sumatera, Kalimantan, and Sulawesi.
Perusahaan mulai beroperasi komersial pada The Company commenced commercial operations
tahun 1995. in 1995.
Berdasarkan surat BAPEPAM No. S-2708/PM/1997 Based on BAPEPAM letter No. S-2708/PM/1997
tanggal 21 Nopember 1997, penawaran umum dated 21 November 1997, the initial public offering
perdana saham biasa Perusahaan kepada of 125.8 million common shares with par value of
masyarakat sebanyak 125,8 juta saham dengan Rp 500 (full amount) per share to public at the
nilai nominal Rp 500 (Rupiah penuh) per saham offering price of Rp 1,550 (full amount) per share,
dengan harga penawaran sebesar Rp 1.550 was deemed effective.
(Rupiah penuh) per saham, telah menjadi efektif.
Berdasarkan Rapat Umum Luar Biasa Pemegang Based on Shareholders’ Extraordinary Meeting
Saham tanggal 10 Mei 1999, disetujui untuk held on 10 May 1999, it is agreed to issue
mengeluarkan saham bonus sebanyak 251,6 juta 251.6 million bonus shares.
saham.
Berdasarkan Rapat Umum Luar Biasa Pemegang Based on Shareholders’ Extraordinary Meeting
Saham tanggal 10 Mei 2000, disetujui untuk held on 10 May 2000, it is agreed to grant options
memberikan hak opsi kepada karyawan Grup yang to purchase 75.48 million new shares to qualified
memenuhi syarat untuk membeli saham baru Group’s employees.
sebanyak 75,48 juta saham.
Berdasarkan surat OJK No. S-251/D.04/2016 Based on the OJK letter No. S-251/D.04/2016
tanggal 30 Mei 2016, Penawaran Umum Terbatas I dated 30 May 2016, the Limited Public Offering I
dalam rangka Hak Memesan Efek Terlebih Dahulu with respect to the issuance of Pre-emptive Rights
sebanyak 349,94 juta saham dengan nilai nominal of 349.94 million shares with par value of Rp 500
Rp 500 (Rupiah penuh) per saham kepada (full amount) per share to Company’s shareholders
pemegang saham Perusahaan dengan harga at the exercise price of Rp 11,425 (full amount) per
pelaksanaan sebesar Rp 11.425 (Rupiah penuh) share, was deemed effective.
per saham, telah menjadi efektif.


lain) stated)
Perusahaan telah mencatatkan seluruh sahamnya All of the Company's shares are listed in the
di Bursa Efek Indonesia. Indonesia Stock Exchange.
Laporan keuangan konsolidasian mencakup The consolidated financial statements include the
akun-akun entitas anak dimana Perusahaan accounts of subsidiaries of which the Company has
mempunyai kemampuan untuk mengendalikan the ability to control the subsidiaries, which consist
entitas anak tersebut, yang terdiri dari: of:
Tahun Total aset

beroperasi (sebelum
Nama entitas anak komersial/ dieliminasi)/
dan aktivitas utama/ Year of Persentase kepemilikan/ Total assets
Name of subsidiaries and Lokasi/ commercial Percentage of ownership (before eliminations)
principal activities Location operations 2020 2019 2020 2019
Kelapa sawit/Oil palm:

PT Sari Lembah Subur Riau 1993 85.00 85.00 916,542 913,107
PT Eka Dura Indonesia Riau 1994 99.99 99.99 1,347,367 1,557,087
PT Tunggal Perkasa Riau 1987 99.99 99.99 1,224,141 1,088,350
Plantations
PT Sawit Asahan Indah Riau 1997 99.99 99.99 627,605 444,399
PT Kimia Tirta Utama Riau 1999 75.00 75.00 986,495 870,397
PT Perkebunan Lembah Aceh 1994 99.99 99.99 815,702 821,621
Bhakti
PT Karya Tanah Subur Aceh 1994 99.99 99.99 837,728 729,807
PT Sari Aditya Loka Jambi 1995 90.00 90.00 664,673 592,424
PT Letawa Sulawesi Barat/ 1995 99.99 99.99 1,323,601 1,144,454
West Sulawesi
PT Suryaraya Lestari Sulawesi Barat/ 1997 99.99 99.99 827,334 785,878
West Sulawesi
PT Pasangkayu Sulawesi Barat/ 1997 99.99 99.99 556,264 514,816
West Sulawesi
PT Mamuang Sulawesi Barat/ 1997 99.99 99.99 357,195 414,116
West Sulawesi
PT Bhadra Sukses Sulawesi Barat/ 1997 99.80 99.80 103,612 87,545
West Sulawesi
PT Lestari Tani Teladan Sulawesi Tengah/ 1998 94.99 94.99 457,817 406,256
Central Sulawesi
PT Agro Nusa Abadi Sulawesi Tengah/ 2012 99.99 99.99 1,032,396 1,003,803
Central Sulawesi
PT Sawit Jaya Abadi Sulawesi Tengah/ 2012 99.99 99.99 688,528 703,785
Central Sulawesi
PT Cipta Agro Nusantara Sulawesi Tengah/ 2012 99.99 99.99 455,142 448,162
Central Sulawesi
PT Rimbunan Alam Sentosa Sulawesi Tengah/ 2012 99.99 99.99 132,899 114,971
Central Sulawesi
PT Gunung Sejahtera Kalimantan Tengah/ 1998 95.00 95.00 589,747 525,453
Dua lndah Central Kalimantan
Puti Pesona Central Kalimantan
Ibu Pertiwi Central Kalimantan
PT Suryaindah Kalimantan Tengah/ 2000 95.00 95.00 641,892 623,639
Nusantarapagi Central Kalimantan
PT Agro Menara Rachmat Kalimantan Tengah/ 1998 99.99 99.99 357,292 492,254
Central Kalimantan
PT Bhadra Cemerlang Kalimantan Tengah/ 2010 99.99 99.99 437,002 449,380
Central Kalimantan
PT Nirmala Agro Lestari Kalimantan Tengah/ 2003 99.99 99.99 816,351 753,528
Central Kalimantan


lain) stated)
Tahun Total aset

beroperasi (sebelum
Nama entitas anak komersial/ dieliminasi)/
dan aktivitas utama/ Year of Persentase kepemilikan/ Total assets
Name of subsidiaries and Lokasi/ commercial Percentage of ownership (before eliminations)
principal activities Location operations 2020 2019 2020 2019
Kelapa sawit/Oil palm

(lanjutan/continued):
Yoli Makmur Central Kalimantan
PT Persadabina Kalimantan Tengah/ 2002 95.00 95.00 161,037 156,575
Nusantaraabadi Central Kalimantan
PT Gunung Sejahtera Kalimantan Tengah/ Pra-operasi/ 99.99 99.99 12,543 12,051
Raman Permai Central Kalimantan Pre-operating
PT Karyanusa Ekadaya Kalimantan Timur/ 2009 99.99 99.99 1,640,091 1,755,462
East Kalimantan
PT Waru Kaltim Plantation Kalimantan Timur/ 1995 99.99 99.99 812,735 845,724
East Kalimantan
PT Sumber Kharisma Kalimantan Timur/ 2006 99.99 99.99 490,565 531,546
Persada East Kalimantan
PT Sukses Tani Nusasubur Kalimantan Timur/ 2000 99.99 99.99 423,795 454,892
East Kalimantan
PT Borneo Indah Marjaya Kalimantan Timur/ 2011 99.99 99.99 857,490 917,458
East Kalimantan
PT Palma Plantasindo Kalimantan Timur/ 2011 99.99 99.99 512,072 522,571
East Kalimantan
PT Cipta Narada Lestari Kalimantan Timur/ 2011 99.99 99.99 68,994 53,467
East Kalimantan
PT Subur Abadi Plantations Kalimantan Timur/ 2012 99.99 99.99 391,839 386,300
East Kalimantan
PT Subur Agro Makmur Kalimantan Selatan/ 2013 99.99 99.99 1,603,362 1,655,660
South Kalimantan
PT Persada Dinamika Lestari Kalimantan Selatan/ 2013 99.99 99.99 682,688 667,953
South Kalimantan
PT Cakradenta Agung Kalimantan Selatan/ 2000 99.99 99.99 38,374 36,257
Pertiwi South Kalimantan
PT Cakung Permata Kalimantan Selatan/ 1999 99.99 99.99 45,198 43,610
Nusa South Kalimantan
PT Tri Buana Mas Kalimantan Selatan/ 2016 99.99 99.99 2,664,530 2,721,356
South Kalimantan
Penyulingan minyak/Oil refinery:

PT Tanjung Sarana Lestari Sulawesi Barat/ 2014 99.99 99.99 2,182,962 1,288,176
West Sulawesi
PT Tanjung Bina Lestari Sulawesi Barat/ 2017 99.99 99.99 119,180 169,303
West Sulawesi
Karet/Rubber:
PT Pandji Waringin Banten 1995 99.99 99.99 24,221 25,952
PT Mitra Barito Gemilang Kalimantan Tengah/ 2019 99.99 99.99 44,752 54,821
Central Kalimantan
Lainnya/Others:
PT Eka Dura Perdana Riau 1992 99.99 99.99 12,246 11,726
PT Astra International Tbk. merupakan entitas PT Astra International Tbk. is the parent entity of
induk Perusahaan, dimana Jardine Matheson the Company, whereas Jardine Matheson
Holdings Ltd, yang didirikan di Bermuda, Holdings Ltd, incorporated in Bermuda, is its
merupakan entitas induk utamanya. ultimate parent entity.


lain) stated)
Susunan anggota Dewan Komisaris, Direksi dan The members of the Company's Board of
Komite Audit Perusahaan adalah sebagai berikut: Commissioners, Directors and Audit Committee
were as follows:
2020 2019
Dewan Komisaris Board of Commissioners

Presiden Komisaris Chiew Sin Cheok Chiew Sin Cheok President Commissioner
Komisaris Johannes Loman Djony Bunarto Tjondro Commissioner
Komisaris Independen Angky Utarya Tisnadisastra*) Angky Utarya Tisnadisastra Independent Commissioner
Komisaris Independen Sidharta Utama Sidharta Utama Independent Commissioner
Komisaris Independen Ari Dono Sukmanto - Independent Commissioner
Direksi Directors
Presiden Direktur Santosa Santosa President Director
Wakil Presiden Direktur Joko Supriyono Joko Supriyono Vice President Director
Direktur Mario Casimirus Mario Casimirus Director
Surung Gultom Surung Gultom
Direktur M. Hadi Sugeng M. Hadi Sugeng Director
Wahyudiono Wahyudiono
Direktur Rujito Purnomo Rujito Purnomo Director
Direktur Nico Tahir Nico Tahir Director
Direktur Said Fakhrullazi Said Fakhrullazi Director
Komite Audit Audit Committee

Ketua Sidharta Utama**) Angky Utarya Tisnadisastra Chairman
Anggota Lindawati Gani Lindawati Gani Member
Anggota Budi Frensidy Budi Frensidy Member
*) Meninggal dunia pada tanggal 21 September 2020. *) Passed away on 21 September 2020.
**) Mulai menjabat pada tanggal 23 Oktober 2020. **) Begin serve on 23 October 2020.
Perusahaan dan entitas anak mempunyai The Company and subsidiaries had 32,599
karyawan tetap sebanyak 32.599 karyawan permanent employees (2019: 35,245 employees).
(2019: 35.245 karyawan).
2. KEBIJAKAN AKUNTANSI SIGNIFIKAN 2. SIGNIFICANT ACCOUNTING POLICIES
Laporan keuangan konsolidasian Grup disusun These consolidated financial statements of the
berdasarkan Standar Akuntansi Keuangan di Group were prepared in accordance with the
Indonesia dan disetujui Direksi pada tanggal Indonesian Financial Accounting Standards and
19 Pebruari 2021. approved by the Directors on 19 February 2021.
Berikut ini adalah kebijakan akuntansi signifikan Presented below are the significant accounting
yang diterapkan dalam penyusunan laporan policies adopted in preparing the consolidated
keuangan konsolidasian. financial statements.
a. Dasar penyusunan laporan keuangan a. Basis of preparation of consolidated

konsolidasian financial statements
Laporan keuangan konsolidasian disusun The consolidated financial statements are

berdasarkan konsep biaya perolehan, kecuali prepared based on the historical cost, except
seperti yang dinyatakan pada Catatan 2h dan as disclosed in Notes 2h and 2v, and also
2v, serta menggunakan dasar akrual, kecuali using the accruals basis, except for the
untuk laporan arus kas konsolidasian. consolidated statements of cash flows.
Laporan arus kas konsolidasian disusun The consolidated statements of cash flows
menggunakan metode langsung dengan are prepared based on the direct method by
mengklasifikasikan arus kas atas dasar classifying cash flows on the basis of
aktivitas operasi, investasi dan pendanaan. operating, investing and financing activities.


lain) stated)
2. KEBIJAKAN AKUNTANSI SIGNIFIKAN (lanjutan) 2. SIGNIFICANT ACCOUNTING POLICIES

(continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of consolidated

konsolidasian (lanjutan) financial statements (continued)
Penyusunan laporan keuangan konsolidasian The preparation of consolidated financial

sesuai dengan Standar Akuntansi Keuangan statements in conformity with Indonesian
Indonesia mengharuskan manajemen untuk Financial Accounting Standards requires
membuat estimasi dan asumsi yang management to make estimates and
mempengaruhi jumlah aset dan liabilitas dan assumptions that affect the reported amounts
pengungkapan aset dan liabilitas kontinjensi of assets and liabilities and disclosure of
pada tanggal laporan keuangan konsolidasian contingent assets and liabilities at the date of
serta jumlah pendapatan dan beban selama the consolidated financial statements and the
periode pelaporan. Hasil yang sebenarnya reported amounts of revenues and expenses
mungkin berbeda dari jumlah yang diestimasi. during the reporting period. Actual results
could differ from those estimates.
Mata uang fungsional Grup adalah Rupiah. The Group’s functional currency is Rupiah.
Seluruh angka dalam laporan keuangan Figures in the consolidated financial
konsolidasian ini, kecuali dinyatakan lain, statements are rounded to and stated in
dibulatkan menjadi jutaan Rupiah yang millions of Rupiah, unless otherwise stated.
terdekat.
b. Prinsip-prinsip konsolidasi b. Principles of consolidation
Laporan keuangan konsolidasian The consolidated financial statements

menggabungkan aset dan liabilitas pada incorporate the assets and liabilities at
tanggal laporan posisi keuangan dan hasil statements of financial position date and
usaha untuk tahun yang berakhir pada results of operations for the years then ended
tanggal-tanggal tersebut dari Perusahaan dan of the Company and entities in which the
entitas di mana Perusahaan memiliki Company has control when the Company is
pengendalian ketika Perusahaan terekspos exposed or has rights to variable returns from
atau memiliki hak atas imbal hasil variabel its involvement with the entity and has the
dari keterlibatannya dengan entitas dan ability to affect those returns through its
memiliki kemampuan untuk mempengaruhi power over the entity. The Company used the
imbal hasil tersebut melalui kekuasaannya acquisition method to account for the
atas entitas. Perusahaan menggunakan acquisition of subsidiaries. The cost of
metode akuisisi untuk mencatat akuisisi acquisition includes any fair value of
entitas anak. Biaya perolehan termasuk nilai contingent consideration at the acquisition
wajar imbalan kontinjensi pada tanggal date.
akuisisi.
Kepentingan nonpengendali atas total laba Non-controlling interests in the total

rugi komprehensif entitas anak diidentifikasi comprehensive income of subsidiaries is
sesuai proporsinya dan disajikan sebagai identified at its portion and presented as part
bagian dari total laba komprehensif yang of total attributable comprehensive income in
dapat diatribusikan pada laporan laba rugi the consolidated statement of profit or loss
dan penghasilan komprehensif lain and other comprehensive income. Non-
konsolidasian. Kepentingan nonpengendali controlling interests in the net assets of
atas aset neto entitas anak diidentifikasi pada subsidiaries is identified at the date of
tanggal kombinasi bisnis yang selanjutnya business combination afterwards adjusted by
disesuaikan dengan proporsi atas perubahan proportion of changes in equity of subsidiaries
ekuitas entitas anak dan disajikan sebagai and presented as part of equity in the
bagian dari ekuitas pada laporan posisi consolidated statements of financial position.
keuangan konsolidasian.


lain) stated)

(continued)
b. Prinsip-prinsip konsolidasi (lanjutan) b. Principles of consolidation (continued)
Bila pengendalian atas suatu entitas diperoleh Where control of an entity is obtained during a
dalam tahun berjalan, hasil usaha entitas financial year, its results are included in the
tersebut dimasukkan dalam laporan laba rugi consolidated statement of profit or loss and
dan penghasilan komprehensif lain other comprehensive income from the date on
konsolidasian sejak tanggal pengendalian which control commences. Where control
dimulai. Bila pengendalian berakhir dalam ceases during a financial year, its results are
tahun berjalan, hasil usaha entitas tersebut included in the consolidated statement of
dimasukkan ke dalam laporan laba rugi dan profit or loss and other comprehensive
penghasilan komprehensif lain konsolidasian income for the part of the year during which
untuk bagian tahun dimana pengendalian control exists.
masih berlangsung.
Kebijakan akuntansi yang dipakai dalam The accounting policies adopted in preparing
penyajian laporan keuangan konsolidasian the consolidated financial statements in all
dalam semua hal yang material telah material respects have been consistently
diterapkan secara konsisten oleh entitas applied by the subsidiaries.
anak.
Seluruh transaksi dan saldo yang material All material transactions and balances
antara perusahaan-perusahaan yang between consolidated companies have been
dikonsolidasikan telah dieliminasi dalam eliminated in preparing the consolidated
penyajian laporan keuangan konsolidasian. financial statements.
Goodwill merupakan selisih lebih yang tidak Goodwill represents unidentified excess of
teridentifikasi antara jumlah harga perolehan total investment cost over the proportionate
investasi dengan proporsi nilai wajar aset underlying fair value of the acquired
bersih entitas anak pada tanggal akuisisi. subsidiary’s net assets at the acquisition date.
Goodwill tidak diamortisasi dan dilakukan uji Goodwill is not amortised and tested for
penurunan nilai setiap tahun. impairment annually.
Transaksi restrukturisasi antar entitas Restructuring transactions for entities under

sepengendali dicatat dengan menggunakan common control are accounted for using
metode yang serupa dengan metode a method similar as the pooling of interest
penyatuan kepemilikan. Selisih antara nilai method. The difference between the
perolehan investasi dengan proporsi nilai investment cost and the proportionate book
buku aset bersih entitas anak yang diakuisisi value of the acquired subsidiary’s net assets
dicatat dalam akun “Tambahan modal disetor” is recorded as “Additional paid-in capital”
dalam bagian ekuitas pada laporan posisi under the equity section of the consolidated
keuangan konsolidasian. statements of financial position.
Ventura bersama adalah suatu entitas dimana Joint venture is an entity in which the
Perusahaan memiliki pengendalian bersama Company jointly controls with one or more
dengan satu venturer atau lebih. Ventura other venturers. Joint venture is accounted for
bersama dicatat dengan menggunakan using the equity method.
metode ekuitas.
c. Kas dan setara kas c. Cash and cash equivalents
Kas dan setara kas mencakup kas, bank dan Cash and cash equivalents include cash on
investasi jangka pendek yang jatuh tempo hand, cash in banks and short-term
dalam waktu tiga bulan atau kurang. investments with a maturity of three months
or less.


lain) stated)

(continued)
d. Piutang usaha dan piutang lain-lain d. Trade and other receivables
Piutang usaha dan piutang lain-lain pada Trade and other receivables are initially
awalnya diakui sebesar nilai wajar dan recognised at fair value and subsequently
selanjutnya diukur pada biaya perolehan measured at amortised cost using the
diamortisasi dengan menggunakan metode effective interest method, unless the effect of
suku bunga efektif, kecuali jika efek discounting is immaterial, less provision for
diskontonya tidak material, setelah dikurangi impairment, which is measured based on
penyisihan penurunan nilai yang diukur expected credit loss by reviewing the
berdasarkan kerugian kredit ekspektasian collectability of individual or collective
dengan menelaah kolektibilitas saldo piutang receivables balance and considering forward-
secara individual atau kolektif dan looking and relevant macroeconomic
mempertimbangkan informasi makroekonomi information which conducted at the end of
yang berorientasi ke masa depan dan relevan each reporting period. Provisions of
yang dilakukan pada setiap akhir periode impairment are written-off in which they are
pelaporan. Penyisihan penurunan nilai determined to be not collectible.
dihapuskan pada saat piutang tersebut
dipastikan tidak tertagih.
e. Persediaan e. Inventories
Persediaan diakui sebesar nilai yang lebih Inventories are stated at the lower of cost or
rendah antara harga perolehan dan nilai net realisable value.
realisasi bersih.
Harga perolehan barang jadi terdiri dari Cost of finished goods comprises all costs
semua biaya yang terjadi di perkebunan incurred in estates including an allocation of
termasuk alokasi biaya tidak langsung indirect costs of the plantation using planted
perkebunan dengan luas hektar tertanam hectares as a basis of allocation and
sebagai dasar alokasi dan biaya pengolahan. processing costs.
Nilai realisasi bersih adalah estimasi harga Net realisable value is the estimated selling
penjualan dalam kegiatan usaha biasa price in the ordinary course of business less
dikurangi taksiran biaya penyelesaian dan estimation of the cost of completion and
biaya penjualan. selling expenses.
Harga perolehan barang jadi ditentukan Cost of finished goods is determined using
dengan metode rata-rata tertimbang. Harga the weighted-average method. Cost of
perolehan bahan penunjang ditentukan supplies is determined using the
dengan metode rata-rata bergerak. moving-average method.
Penyisihan untuk penurunan nilai persediaan Provision for decline in value of inventory is
ditentukan berdasarkan penelaahan terhadap made based on a review of the condition of
keadaan persediaan. the inventories.


lain) stated)

(continued)
f. Tanaman produktif f. Bearer plants
Merupakan tanaman belum menghasilkan Comprises immature plants and mature

dan tanaman menghasilkan yang digunakan plants that are used and expected to bear
dan diharapkan menghasilkan produk agricultural produce for more than one period.
agrikultur untuk jangka waktu lebih dari satu
periode.
Tanaman belum menghasilkan dinyatakan Immature plantations are stated at acquisition

sebesar harga perolehan yang meliputi biaya costs which include costs incurred for field
persiapan lahan, penanaman, pemupukan preparation, planting, fertilising and
dan pemeliharaan termasuk kapitalisasi biaya maintenance, including the capitalisation of
pinjaman yang digunakan untuk membiayai borrowing costs incurred on loans used to
pengembangan tanaman belum finance the development of immature
menghasilkan dan biaya tidak langsung plantations and allocation of other indirect
lainnya yang dialokasikan berdasarkan luas costs based on planted hectares. When the
hektar tertanam. Pada saat tanaman sudah plantations are mature, the accumulated
menghasilkan, akumulasi harga perolehan costs are reclassified to mature plantations.
tersebut akan direklasifikasi ke tanaman
menghasilkan.
Penyusutan tanaman menghasilkan dimulai Depreciation of mature plantations

pada tahun tanaman tersebut menghasilkan commences in the year when the plantations
dengan menggunakan metode garis lurus are mature using the straight-line method
selama taksiran masa manfaat ekonomis over the estimated useful life of 20 years. Oil
yaitu 20 tahun. Tanaman kelapa sawit palm plantations are considered mature within
dinyatakan menghasilkan bila telah berumur three to four years after planting and
tiga sampai dengan empat tahun yang pada generating average annual fresh fruit bunch
umumnya telah menghasilkan tandan buah (FFB) of four to six tons per hectare. Rubber
segar (TBS) rata-rata empat sampai dengan plantations are considered mature within five
enam ton per hektar dalam satu tahun. to six years after planting.
Tanaman karet dinyatakan menghasilkan bila
telah berumur lima sampai dengan enam
tahun.
g. Aset tetap g. Fixed assets
Semua kelompok aset tetap dinyatakan The whole class of fixed assets are stated at
berdasarkan harga perolehan (Model Biaya) historical cost (Cost Model) less accumulated
dikurangi akumulasi penyusutan, kecuali depreciation, except land which is not
tanah tidak disusutkan. Beban yang timbul depreciated. Costs incurred in association
sehubungan perolehan hak atas tanah diakui with obtaining land right are recognised as
sebagai bagian dari harga perolehan tanah. part of the land acquisition costs.
Penyusutan dihitung dengan menggunakan Depreciation is computed using the straight-
metode garis lurus selama taksiran masa line method over the following estimated
manfaat ekonomis sebagai berikut: useful lives:
Tahun/Years
Prasarana jalan dan jembatan 5 dan/and 20 Roads and bridges

Bangunan, instalasi dan mesin 20 Buildings, installations and machinery
Mesin dan peralatan 5 dan/and 20 Machinery and equipment
Alat pengangkutan 5 Vehicles
Peralatan kantor dan perumahan 5 Office and housing equipment


lain) stated)

(continued)
g. Aset tetap (lanjutan) g. Fixed assets (continued)
Nilai residu, metode penyusutan dan masa The residual value, depreciation method and
manfaat ekonomis aset tetap ditinjau kembali estimated useful lives of fixed assets are
dan disesuaikan, jika perlu, pada setiap reviewed and adjusted, if appropriate, at each
tanggal laporan posisi keuangan. statements of financial position date.
Biaya-biaya setelah perolehan awal diakui Subsequent costs are included in the fixed
sebagai bagian dari nilai tercatat aset tetap assets’ carrying amount or recognised as a
atau sebagai aset yang terpisah hanya separate asset, as appropriate, only when it is
apabila kemungkinan besar manfaat probable that future economic benefits
ekonomis sehubungan dengan aset tersebut associated with the item will flow to the Group
di masa mendatang akan mengalir ke Grup and the cost of the item can be measured
dan biaya perolehannya dapat diukur secara reliably. The carrying amount of the replaced
andal. Jumlah tercatat komponen yang part is derecognised. All other repairs and
diganti, dihapusbukukan. Biaya pemeliharaan maintenance are charged to the consolidated
dan perbaikan lainnya dibebankan di laporan statement of profit or loss and other
laba rugi dan penghasilan komprehensif lain comprehensive income as incurred.
konsolidasian pada saat terjadinya.
Apabila aset tetap tidak digunakan lagi atau When assets are retired or otherwise
dijual, maka nilai tercatat dan akumulasi disposed of, their carrying values and the
penyusutannya dikeluarkan dari laporan related accumulated depreciation are
keuangan konsolidasian, serta keuntungan eliminated from the consolidated financial
dan kerugian yang dihasilkan diakui dalam statements, and the resulting gains and
laporan laba rugi dan penghasilan losses are recognised in the consolidated
komprehensif lain konsolidasian. statement of profit or loss and other
comprehensive income.
Aset dalam penyelesaian dinyatakan sebesar Construction in progress is stated at cost and
harga perolehan dan disajikan sebagai bagian presented as part of fixed assets. The
dari aset tetap. Akumulasi harga perolehan accumulated costs are reclassified to the
akan direklasifikasi ke masing-masing aset appropriate fixed assets accounts when the
tetap pada saat aset tersebut selesai construction is substantially completed and
dikerjakan dan siap digunakan, dan the asset is ready for its intended use, and
penyusutan mulai dibebankan pada saat itu. the depreciation is charged from such date
accordingly.
h. Aset biologis h. Biological assets
Aset biologis terdiri atas produk agrikultur Biological assets comprise of growing
bertumbuh dan aset hewan. agricultural produce and livestocks.
Produk agrikultur bertumbuh berupa produk Growing agricultural produce consist of

panen yang tumbuh pada tanaman produktif harvested product growing on bearer plants
sampai dengan saat untuk dipanen. up to the point of harvest.
Aset hewan berupa sapi ternak untuk Livestocks consist of breeding cattle and
dikembangbiakan dan sapi bakalan, masing- feedlot cattle, presented as non-current
masing disajikan pada aset tidak lancar dan assets and current assets, respectively.
aset lancar.


lain) stated)

(continued)
h. Aset biologis (lanjutan) h. Biological assets (continued)
Aset biologis diukur pada nilai wajar dikurangi Biological assets are measured at fair value
dengan biaya untuk menjual. Keuntungan less costs to sell. Gains or losses incurred on
atau kerugian yang timbul saat pengakuan initial recognition and changes in fair value
awal dan perubahan nilai wajar dicatat dalam are recognised in the profit or loss for the
laba rugi pada saat periode terjadinya. period when they arised.
i. Perkebunan plasma i. Plasma plantations
Biaya-biaya yang terjadi dalam Costs incurred during development up to

pengembangan perkebunan plasma sampai hand over of the plasma plantations are
perkebunan tersebut siap diserah-terimakan capitalised to plasma plantations and stated
dikapitalisasi ke akun perkebunan plasma dan at acquisition costs. Subsequently plasma
dinyatakan sebesar harga perolehan. plantations are measured at amortised cost.
Selanjutnya perkebunan plasma diukur pada
biaya perolehan diamortisasi.
Selisih antara akumulasi biaya The difference between the accumulated

pengembangan perkebunan plasma dengan plasma plantation development costs and
nilai serah-terimanya dibebankan pada their hand over value is charged to the
laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian. other comprehensive income.
j. Penurunan nilai aset nonkeuangan j. Impairment of non-financial assets
Aset tetap dan aset tidak lancar lainnya, Fixed assets and other non-current assets,
termasuk aset takberwujud, ditelaah untuk including intangible assets, are reviewed for
mengetahui apakah telah terjadi penurunan impairment whenever events or changes in
nilai bilamana terdapat kejadian atau circumstances indicate that the carrying
perubahan keadaan yang mengindikasikan amount may not be recoverable. An
bahwa nilai tercatat aset tersebut tidak dapat impairment loss is recognised for the amount
diperoleh kembali. Kerugian akibat penurunan by which the carrying amount of the asset
nilai diakui sebesar selisih antara nilai tercatat exceeds its recoverable amount.
aset dengan nilai yang dapat diperoleh
kembali dari aset tersebut.
Nilai yang dapat diperoleh kembali adalah Recoverable amount is the higher of fair value
nilai yang lebih tinggi antara nilai wajar less cost to sell and value in use of the
dikurangi biaya untuk menjual dan nilai pakai assets. For the purposes of assessing
aset. Dalam rangka mengukur penurunan impairment, assets are grouped at the lowest
nilai, aset dikelompokkan hingga unit terkecil levels for which there are separately
yang menghasilkan arus kas terpisah. identifiable cash flows.
Setiap tanggal pelaporan, aset nonkeuangan, At each reporting date, non-financial assets,
selain goodwill, yang telah mengalami other than goodwill, that suffered impairment
penurunan nilai ditelaah untuk menentukan are reviewed for possible reversal of the
apakah terdapat kemungkinan pemulihan impairment. Recoverable amount is
penurunan nilai. Jika terjadi pemulihan nilai, immediately recognised in profit or loss, but
maka langsung diakui dalam laba rugi, tetapi not in excess of any accumulated impairment
tidak boleh melebihi akumulasi rugi loss previously recognised.
penurunan nilai yang telah diakui
sebelumnya.


lain) stated)

(continued)
k. Utang usaha dan liabilitas lain-lain k. Trade payables and other liabilities
Utang usaha dan liabilitas lain-lain pada Trade payables and other liabilities are
awalnya diakui sebesar nilai wajar dan initially recognised at fair value and
selanjutnya diukur pada biaya perolehan subsequently measured at amortised cost
diamortisasi dengan menggunakan metode using the effective interest method, unless the
suku bunga efektif, kecuali jika efek effect of discounting is immaterial.
diskontonya tidak material.
l. Pengakuan pendapatan dan beban l. Revenue and expense recognition
Dalam menentukan pengakuan pendapatan, In determining revenue recognition, the Group

Grup melakukan analisa transaksi melalui perform analysis transaction through the
lima langkah analisa berikut: following five steps of assessment:
1. Mengindentifikasi kontrak dengan 1. Identify contracts with customers with
pelanggan, dengan kriteria sebagai berikut: certain criteria as follows: (a) the contract
(a) kontrak telah disetujui oleh pihak-pihak has been agreed by the parties involved in
terkait dalam kontrak; (b) Grup bisa the contract; (b) the Group can identify the
mengidentifikasi hak dari pihak-pihak rights of relevant parties and the term of
terkait dan jangka waktu pembayaran dari payment for the goods to be transferred; (c)
barang yang akan dialihkan; (c) kontrak the contract has commercial substance; (d)
memiliki substansi komersial; (d) besar it is probable that the Group will receive
kemungkinan Grup akan menerima benefits for the goods ransferred.
imbalan atas barang yang dialihkan.
2. Mengidentifikasi kewajiban pelaksanaan 2. Identify the performance obligations in the

dalam kontrak ke pelanggan. contract to the customer.
3. Menentukan harga transaksi, setelah 3. Determine the transaction price, net of

dikurangi diskon, retur, potongan discounts, returns, trade allowances,
penjualan, pajak ekspor dan pungutan export tax and export levies, which an
ekspor, yang berhak diperoleh suatu entity expects to be entitled in exchange
entitas sebagai kompensasi atas for transferring promised goods to a
diserahkannya barang yang dijanjikan ke customer.
pelanggan.
4. Mengalokasikan harga transaksi kepada 4. Allocate the transaction price to each

setiap kewajiban pelaksanaan dengan performance obligation on the basis of the
menggunakan dasar harga jual dari setiap selling prices of each goods promised in
barang yang dijanjikan di kontrak. the contract.
5. Mengakui pendapatan ketika kewajiban 5. Recognise revenue when performance

pelaksanaan telah dipenuhi (sepanjang obligation is satisfied (over time or at a
waktu atau pada suatu waktu tertentu). point in time).


lain) stated)

(continued)
l. Pengakuan pendapatan dan beban l. Revenue and expense recognition

(lanjutan) (continued)
Pendapatan diakui pada titik waktu tertentu. Revenue is recognised at a point in time.
Pendapatan dari penjualan barang jadi diakui Revenue from the sales of finished goods is
pada saat pengendalian atas barang jadi recognised when control is transferred to a
telah berpindah kepada pelanggan. customer.
Beban diakui pada saat terjadinya (basis Expenses are recognised when incurred
akrual). (accrual basis).
m. Penjabaran mata uang asing m. Foreign currency translation

Transaksi dalam mata uang asing dijabarkan Transactions denominated in foreign currency
ke mata uang Rupiah dengan menggunakan are translated into Rupiah at the exchange
kurs yang berlaku pada tanggal transaksi. rates prevailing at the date of the
Pada tanggal laporan posisi keuangan, aset transactions. At the statements of financial
dan liabilitas moneter dalam mata uang asing position date, monetary assets and liabilities
dijabarkan dengan kurs yang berlaku saat itu. in foreign currency are translated at the
prevailing exchange rates at that date.
Keuntungan dan kerugian selisih kurs yang Exchange gains and losses arising on foreign
timbul dari transaksi dalam mata uang asing currency transactions and on the translation
dan penjabaran aset dan liabilitas moneter of foreign currency monetary assets and
dalam mata uang asing, diakui pada laporan liabilities are recognised in the consolidated
laba rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian. comprehensive income.
Mata uang asing utama yang digunakan The main foreign currency used is United
adalah dolar Amerika Serikat (“AS$”), dimana States dollar (“US$”), for which the mid
kurs tengah Bank Indonesia pada tanggal exchange rates of Bank Indonesia at the
laporan posisi keuangan konsolidasian adalah consolidated statements of financial position
Rp 14.105 (Rupiah penuh) (31 Desember dates are Rp 14,105 (full amount)
2019: Rp 13.901,01 (Rupiah penuh) untuk (31 December 2019: Rp 13,901.01 (full
setiap satu AS$. amount) for one US$.


lain) stated)

(continued)
n. Transaksi dengan pihak berelasi n. Transactions with related parties
Perusahaan dan entitas anak mempunyai The Company and subsidiaries have
transaksi dengan pihak berelasi. Definisi transactions with related parties. The
pihak berelasi yang dipakai adalah sesuai definition of related parties used is in
dengan Pernyataan Standar Akuntansi accordance with the Indonesian Statement of
Keuangan (PSAK) No. 7, “Pengungkapan Financial Accounting Standard (PSAK) No. 7,
pihak-pihak berelasi”. “Related party disclosures”.
Seluruh transaksi yang material dengan pihak All material transactions with related parties
berelasi telah diungkapkan dalam catatan are disclosed in the notes to the consolidated
atas laporan keuangan konsolidasian. financial statements.
o. Pajak penghasilan o. Income taxes
Beban pajak penghasilan terdiri dari pajak The income tax expense comprises current
penghasilan kini dan pajak penghasilan and deferred income tax. Tax is recognised in
tangguhan. Pajak tersebut diakui dalam laba profit or loss, except to the extent that it
rugi, kecuali apabila pajak tersebut terkait relates to items recognised to other
dengan transaksi atau kejadian yang diakui ke comprehensive income or directly to equity.
penghasilan komprehensif lain atau langsung
ke ekuitas.
Semua perbedaan temporer antara jumlah Deferred income tax is provided for temporary
tercatat aset dan liabilitas dengan dasar differences arising between the tax bases of
pengenaan pajaknya diakui sebagai pajak assets and liabilities, and their carrying values
tangguhan dengan menggunakan balance for financial reporting purposes, using the
sheet liability method. Tarif pajak yang balance sheet liability method. Currently
berlaku atau yang secara substantif berlaku enacted or substantially enacted tax rates are
saat ini dipakai untuk menentukan pajak used to determine deferred income tax.
tangguhan.
Pengakuan pajak tangguhan atas perbedaan The deferred tax recognition of temporary
temporer yang dapat berupa aset atau differences, which individually is either an
liabilitas dan pengakuan aset pajak asset or a liability and the recognition of a
tangguhan dari akumulasi rugi pajak disajikan deferred tax asset from tax loss carryforwards
dalam jumlah bersih untuk masing-masing are presented as a net amount for each
entitas. entity.
Aset pajak tangguhan diakui apabila besar Deferred tax assets are recognised to the
kemungkinan jumlah penghasilan kena pajak extent that it is probable that future taxable
di masa mendatang akan memadai untuk income will be available against which the
dikompensasi dengan perbedaan temporer deductible temporary differences and tax loss
yang dapat dikurangkan dan saldo rugi pajak carryforwards can be utilised.
yang masih dapat dimanfaatkan.
p. Pinjaman p. Borrowings
Pada saat pengakuan awal, pinjaman diakui Borrowings are initially recognised at fair
sebesar nilai wajar, dikurangi dengan biaya- value, net of transaction cost incurred.
biaya transaksi yang terjadi. Selanjutnya, Subsequently, borrowings are stated at
pinjaman diukur pada biaya perolehan amortised cost using the effective interest
diamortisasi dengan menggunakan metode method.
suku bunga efektif.


lain) stated)

(continued)
p. Pinjaman (lanjutan) p. Borrowings (continued)
Biaya pinjaman yang tidak dapat diatribusikan Borrowings costs that are not directly
secara langsung pada suatu aset attributable to a qualifying asset, the amount
kualifikasian, jumlah yang dikapitalisasi to be capitalised is determined by applying a
ditentukan dengan mengalikan tingkat capitalisation rate to the amount expended on
kapitalisasi terhadap jumlah yang dikeluarkan the qualifying assets. The capitalisation rate is
untuk memperoleh aset kualifikasian. Tingkat the weighted average of the total borrowing
kapitalisasi dihitung berdasarkan rata-rata costs applicable to the total borrowings
tertimbang biaya pinjaman yang dibagi outstanding during the period.
dengan jumlah pinjaman yang tersedia
selama periode.
Pinjaman diklasifikasikan sebagai liabilitas Borrowings are classified under current

jangka pendek kecuali Grup memiliki diskresi liabilities unless the Group has discretion and
dan niat untuk memperpanjang sesuai intention to roll-over as required by the
persyaratan perjanjian dan akan jatuh tempo agreements and their maturities are more
dalam waktu lebih dari 12 bulan setelah than 12 months after the reporting period.
periode pelaporan.
q. Provisi q. Provisions
Provisi diakui apabila Grup memiliki kewajiban Provisions are recognised when the Group
hukum maupun konstruktif sebagai akibat has a present legal or constructive obligation
peristiwa masa lalu, dan besar kemungkinan as a result of past events and it is probable
penyelesaian kewajiban tersebut that an outflow of resources embodying
mengakibatkan arus keluar sumber daya dan economic benefits will be required to settle
jumlahnya dapat diestimasi secara andal. the obligation and a reliable estimate can be
Provisi tidak diakui untuk kerugian operasi made on the amount of the obligation.
masa depan. Provisions are not recognised for future
operating losses.
r. Imbalan kerja r. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognised
terutang kepada karyawan. when they accrue to the employees.
Imbalan pensiun dan imbalan pascakerja Pension benefits and other post-
lainnya employment benefits
Grup memiliki program imbalan pasti dan The Group has defined benefit and defined
iuran pasti. contribution pension plans.
Kewajiban imbalan pensiun merupakan nilai The pension benefit obligation is the present
kini kewajiban imbalan pasti pada tanggal value of the defined benefit obligation at the
laporan posisi keuangan dikurangi dengan statements of financial position date less the
nilai wajar aset program. Kewajiban imbalan fair value of plan assets. The defined benefit
pasti dihitung sekali setahun oleh aktuaris obligation is calculated annually by
independen dengan menggunakan metode independent actuary using the projected unit
projected unit credit. credit method.


lain) stated)

(continued)
r. Imbalan kerja (lanjutan) r. Employee benefits (continued)
Imbalan pensiun dan imbalan pascakerja Pension benefits and other post-
lainnya (lanjutan) employment benefits (continued)
Nilai kini kewajiban imbalan pasti ditentukan The present value of the defined benefit
dengan mendiskontokan estimasi arus kas obligation is determined by discounting the
masa depan dengan menggunakan tingkat estimated future cash outflows using the yield
bunga obligasi pemerintah jangka panjang at the statements of financial position date of
pada tanggal laporan posisi keuangan dalam long-term government bonds denominated in
mata uang Rupiah sesuai dengan mata uang Rupiah in which the benefits will be paid and
di mana imbalan tersebut akan dibayarkan that have terms to maturity similar to the
dan yang memiliki jangka waktu yang sama related pension benefit obligation.
dengan kewajiban imbalan pensiun yang
bersangkutan.
Grup diharuskan menyediakan imbalan The Group are required to provide a minimum
pensiun minimum yang diatur dalam pension benefit as stipulated in the Law
UU No. 13/2003, yang merupakan kewajiban No. 13/2003, which represents an underlying
imbalan kerja. Jika imbalan pensiun sesuai defined benefit obligation. If the pension
dengan UU No. 13/2003 lebih besar dari benefits based on Law No. 13/2003 are
program pensiun yang ada, selisih tersebut higher than those based on the existing
diakui sebagai bagian dari kewajiban imbalan pension plan, the difference is recorded as
pensiun. part of the pension benefits obligation.
Keuntungan dan kerugian aktuarial yang Actuarial gains and losses arising from
timbul dari penyesuaian dan perubahan experience adjustments and changes in
dalam asumsi-asumsi aktuarial diakui actuarial assumptions are recognised through
seluruhnya melalui penghasilan komprehensif other comprehensive income and reported in
lain dan dilaporkan dalam saldo laba. retained earnings.
Biaya jasa lalu yang timbul dari amandemen Past service costs arising from amendment or
atau kurtailmen program diakui sebagai curtailment programs are recognised as
beban dalam laba rugi pada saat terjadinya. expense in profit or loss when incurred.
Keuntungan atau kerugian dari kurtailmen dan Gains or losses on curtailment and settlement
penyelesaian program manfaat pasti diakui of a defined benefit plan are recognised when
ketika kurtailmen dan penyelesaian tersebut the curtailment and settlement occur.
terjadi.
Grup memberikan imbalan pascakerja The Group provides other post-employment

lainnya, seperti uang pisah, uang benefits such as severance pay, service pay,
penghargaan, uang kompensasi dan masa compensation pay and retirement preparation
persiapan pensiun. leave.
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
Hak atas imbalan ini pada umumnya diberikan The entitlement to these benefits is usually
apabila karyawan bekerja hingga mencapai based on the employee remaining in service
usia pensiun atau memenuhi masa kerja up to retirement age or the completion of a
tertentu. Estimasi biaya imbalan ini qualifying service period. The expected costs
dicadangkan sepanjang masa kerja of these benefits are accrued over the period
karyawan, dengan menggunakan metode of employment, using an accounting
akuntansi yang sama dengan metode yang methodology similar to that used for the
digunakan dalam perhitungan program defined benefit pension plan.
pensiun imbalan pasti.


lain) stated)

(continued)
r. Imbalan kerja (lanjutan) r. Employee benefits (continued)

Imbalan jangka panjang lain seperti cuti Other long-term benefits such as long
berimbalan jangka panjang dan penghargaan service leave and jubilee awards are granted
jubilee diberikan berdasarkan peraturan Grup based on the Group’s regulations and
dan dihitung dengan metode projected unit calculated using the projected unit credit and
credit dan didiskontokan ke nilai kini. discounted to present value.
s. Laba per saham s. Earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is calculated by
membagi laba yang dapat diatribusikan dividing profit attributable to the owners of
kepada pemilik Perusahaan dengan rata-rata the Company by the weighted average
tertimbang jumlah saham yang beredar dalam number of shares outstanding during the
tahun yang bersangkutan. year.
Laba per saham dilusian dihitung dengan Diluted earnings per share is calculated by
membagi laba yang dapat diatribusikan dividing profit attributable to the owners of
kepada pemilik Perusahaan dengan rata-rata the Company by the weighted average
tertimbang jumlah saham yang beredar number of shares outstanding plus the
ditambah dengan rata-rata tertimbang jumlah weighted average number of shares
saham yang akan diterbitkan atas konversi outstanding which would be issued on the
efek berpotensi saham yang bersifat dilutif. conversion of the dilutive potential shares.
t. Dividen t. Dividends
Pembagian dividen final diakui sebagai Final dividend distributions are recognised
liabilitas ketika dividen tersebut disetujui as a liability when the dividends are
Rapat Umum Pemegang Saham Perusahaan. approved in the Company’s General Meeting
Pembagian dividen interim diakui sebagai of the Shareholders. Interim dividend
liabilitas ketika dividen diputuskan oleh Rapat distributions are recognised as a liability
Direksi dan disetujui oleh Dewan Komisaris. when the dividends are decided by the
Director’s meeting and approved by the
Board of Commissioners.
u. Pelaporan segmen u. Segment reporting
Segmen operasi dilaporkan dengan cara yang Operating segments are reported in a
konsisten dengan pelaporan internal yang manner consistent with the internal reporting
diberikan kepada pengambil keputusan provided to the chief operating decision-
operasional yang bertanggung jawab untuk maker responsible for allocating resources,
mengalokasikan sumber daya, menilai kinerja assessing performance of the operating
segmen operasi dan membuat keputusan segments and making strategic decisions.
strategis.
v. Instrumen keuangan derivatif v. Derivative financial instruments
Grup hanya melakukan kontrak instrumen The Group only enters into derivative
keuangan derivatif untuk melindungi eksposur financial instrument contracts in order to
yang mendasarinya (“underlying”). Instrumen hedge underlying exposures. Derivative
keuangan derivatif diukur sebesar nilai financial instruments are recognised at their
wajarnya. fair values.


lain) stated)

(continued)
v. Instrumen keuangan derivatif (lanjutan) v. Derivative financial instruments (continued)
Metode pengakuan keuntungan atau kerugian The method of recognising the resulting gains
yang timbul tergantung dari apakah derivatif or losses depends on whether the derivative
tersebut dimaksudkan sebagai instrumen is designated as a hedging instrument for
lindung nilai untuk tujuan akuntansi dan sifat accounting purposes and the nature of the
dari item yang dilindung nilai. Grup item being hedged. The Group designated
menentukan derivatif sebagai lindung nilai derivatives as hedge of the interest rate,
atas risiko suku bunga, nilai tukar mata uang foreign exchange risks associated with a
asing sehubungan dengan liabilitas yang recognised liability and hedge of commodity
diakui dan lindung nilai atas harga komoditas price associated with future sales contracts
sehubungan dengan kontrak penjualan yang (cash flow hedge).
akan datang (lindung nilai atas arus kas).
Perubahan nilai wajar derivatif yang Changes in the fair value of derivatives that
ditetapkan dan memenuhi kriteria lindung nilai are designated and qualify as cash flow
atas arus kas untuk tujuan akuntansi, bagian hedges for accounting purposes and that are
efektifnya, diakui di penghasilan komprehensif effective, are recognised in other
lain dan disajikan sebagai komponen ekuitas comprehensive income and reported in other
lain. Ketika instrumen derivatif tersebut components of equity. When a hedging
kadaluarsa atau tidak lagi memenuhi kriteria instrument expires, or when a hedge no
lindung nilai untuk tujuan akuntansi, maka longer meets the criteria for hedge
keuntungan atau kerugian kumulatif di accounting, the cumulative gains or losses in
ekuitas, diakui pada laba rugi. equity are recognised in profit or loss.
Perubahan nilai wajar derivatif yang tidak Changes in the fair value of derivatives that
memenuhi kriteria lindung nilai untuk tujuan do not meet the criteria for hedge accounting
akuntansi diakui pada laba rugi. purposes are recorded in profit or loss.
Nilai wajar instrumen keuangan derivatif The fair value of derivative financial
diklasifikasikan sebagai aset atau liabilitas instruments is classified as a non-current
tidak lancar jika sisa jatuh tempo instrumen asset or liability if the remaining maturities of
keuangan derivatif lebih dari 12 bulan. the derivative financial instruments are
greater than 12 months.
Pengukuran nilai wajar atas cross currency The fair value measurements of cross
interest rate swaps ditentukan berdasarkan currency interest rate swaps have been
tingkat suku bunga dan nilai tukar kuotasian determined using interest and exchange rates
yang diberikan oleh bank atas kontrak yang quoted by the bank for contracts owned by
dimiliki Grup pada tanggal laporan posisi the Group at the statement of financial
keuangan yang dihitung berdasarkan tingkat position date and calculated by reference to
suku bunga pasar dan nilai tukar yang dapat observable market interest and exchange
diobservasi. rates.
Pengukuran nilai wajar atas kontrak berjangka The fair value measurements of forward
komoditas ditentukan berdasarkan harga commodity contracts have been determined
pasar di bursa berjangka komoditas pada using the market price in the commodity
tanggal laporan posisi keuangan. future exchange at the statement of financial
position date.


lain) stated)

(continued)
v. Instrumen keuangan derivatif (lanjutan) v. Derivative financial instruments (continued)
Perubahan atas nilai wajar dari kontrak Changes in the fair value of the derivative
derivatif yang ditetapkan sebagai instrumen contracts designated as hedging instruments
lindung nilai, yang secara efektif menghapus that effectively offset the variability of cash
variabilitas arus kas dari transaksi terkait, flows from related transactions are recorded
dicatat di penghasilan komprehensif lain. Nilai in other comprehensive income. The amounts
ini kemudian diakui dalam laba rugi sebagai are subsequently recognised in profit or loss
penyesuaian atas beban atau keuntungan as adjustments of expense or gains related to
terkait yang dilindung nilai pada periode yang the hedged contracts in the same period in
sama dimana beban atau keuntungan which the expense or gains affect earnings.
tersebut mempengaruhi laba rugi.
w. Sewa w. Leases
Suatu kontrak mengandung sewa jika kontrak A contract contains a lease if the contract
tersebut memberikan hak untuk conveys the right to control the use of an
mengendalikan penggunaan aset selama asset for a period of time in exchange for
jangka waktu tertentu yang dipertukarkan consideration. Group leases certain fixed
dengan imbalan. Grup menyewa aset tetap asset by recognising the right-of-use asset
tertentu dengan mengakui aset hak-guna dan and lease liabilities.
liabilitas sewa.
Aset hak-guna diakui sebesar biaya The right-of-use assets are stated at cost, less
perolehan, dikurangi dengan akumulasi accumulated depreciation and impairment.
penyusutan dan penurunan nilai. Aset hak Right-of-use assets are depreciated over the
guna disusutkan selama jangka waktu yang shorter of the useful life of the assets or the
lebih pendek antara umur manfaat aset hak- lease term. Right-of-use assets are classified
guna atau masa sewa. Aset hak-guna as part of “Fixed Assets”.
disajikan sebagai bagian dari “Aset Tetap”.
Liabilitas sewa diukur pada nilai kini Lease liabilities are measured at the present
pembayaran sewa yang belum dibayar. value of the lease payments that are not paid.
Setiap pembayaran sewa dialokasikan antara Each lease payment is allocated between the
porsi pelunasan liabilitas dan biaya keuangan. liability portion and finance cost. Lease
Liabilitas sewa, disajikan sebagai liabilitas liabilities are classified in long-term liabilities
jangka panjang kecuali untuk bagian yang except for those with maturities of 12 months
jatuh tempo dalam waktu 12 bulan atau or less which are included in current liabilities.
kurang yang disajikan sebagai liabilitas jangka The interest element of the finance cost is
pendek. Unsur bunga dalam biaya keuangan charged to profit or loss over the lease period
dibebankan ke laba rugi selama masa sewa so as to produce a constant rate of interest on
yang menghasilkan tingkat suku bunga the remaining balance of the liability.
konstan atas sisa saldo liabilitas.
Grup tidak mengakui aset guna-usaha dan Group does not recognise the right-of-use
liabilitas sewa atas kontrak sewa aset tetap assets and lease liabilities for short-term
dengan masa kurang dari 12 bulan dan sewa leases that have a lease term less than 12
dengan aset yang bernilai rendah. months and lease with low-value assets.
Tingkat pinjaman inkremental rata-rata The weighted average lessee's incremental

tertimbang yang diterapkan pada liabilitas borrowing rate applied to the lease liabilities
sewa pada tanggal 1 Januari 2020 adalah on 1 January 2020 was 9.08%.
9,08%.


lain) stated)
3. PENERAPAN PERNYATAAN STANDAR 3. THE IMPLEMENTATION OF NEW STATEMENTS

AKUNTANSI BARU OF ACCOUNTING STANDARDS
Standar akuntansi yang telah dipublikasikan dan The accounting standards which have been
relevan terhadap kegiatan operasi Grup adalah published and relevant to the Groups’ operations
Berlaku efektif untuk tahun buku yang dimulai Effective for the year begin as at or after
pada atau setelah tanggal 1 Januari 2020 1 January 2020
Grup menerapkan standar baru yang berlaku efektif The Group adopted new standards that are
pada tahun 2020. Perubahan kebijakan akuntansi effective in 2020. Changes to the Group’s
Grup telah dibuat seperti yang disyaratkan, sesuai accounting policies have been made as required,
dengan ketentuan transisi dalam masing-masing in accordance with the transitional provisions in
standar. the respective standards.
Grup telah melakukan penelaahan atas penerapan The Group has made assessments related to the
standar baru yang relevan dengan operasi Grup, adoption of the new standards which are relevant
dimana penerapan standar berikut menimbulkan to the Group’s operations, where the
dampak yang tidak material terhadap laporan implementation of following standards has an
keuangan konsolidasian: immaterial impact on the consolidated financial
statements:
PSAK 71: Instrumen Keuangan PSAK 71: Financial Instruments
PSAK 71 menggantikan ketentuan PSAK 55, PSAK 71 replaces the provisions of PSAK 55
"Instrumen keuangan: pengakuan dan pengukuran" "Financial instruments: recognition and
yang terkait dengan pengakuan, klasifikasi dan measurement" that relate to the recognition,
pengukuran aset keuangan dan liabilitas keuangan, classification and measurement of financial assets
penurunan nilai aset keuangan dan akuntansi and financial liabilities, impairment of financial
lindung nilai. Sesuai dengan persyaratan transisi assets and hedge accounting. In accordance with
pada PSAK 71, Grup memilih penerapan secara the transition requirements in PSAK 71, the Group
retrospektif dengan dampak kumulatif pada awal elected to apply retrospectively with the
penerapan diakui pada tanggal 1 Januari 2020 dan cumulative effect of initial implementation
tidak menyajikan kembali informasi komparatif. recognised at 1 January 2020 and not restate the
comparative information.
Pada tanggal 1 Januari 2020, Grup telah menilai On 1 January 2020, the Group has assessed
model bisnis mana yang berlaku untuk aset which business models apply to the financial
keuangan yang dimiliki grup dan telah assets held by the group and has classified its
mengklasifikasikan instrumen keuangannya ke financial instruments into the appropriate PSAK 71
dalam kategori yang sesuai dengan PSAK 71. Grup categories. The Group was required to revise its
diwajibkan untuk merevisi metodologi penurunan impairment methodology under PSAK 71,
nilai berdasarkan PSAK 71 untuk masing-masing "Financial instruments" for each classes of assets.
kelompok aset tersebut. Kerugian penurunan nilai The identified impairment loss from
yang teridentifikasi atas pemberlakuan PSAK 71 implementation of PSAK 71 was immaterial.
tidak material.
Pengaturan akuntansi lindung nilai dalam standar The Hedge accounting rules in this standard had
ini tidak berdampak pada pengakuan dan no impact on the recognition and measurement of
pengukuran instrumen keuangan derivatif Grup. the Group's derivative financial instruments.


lain) stated)

AKUNTANSI BARU (lanjutan) OF ACCOUNTING STANDARDS (continued)
Berlaku efektif untuk tahun buku yang dimulai Effective for the year begin as at or after
pada atau setelah tanggal 1 Januari 2020 1 January 2020 (continued)
(lanjutan)
PSAK 72: Pendapatan dari Kontrak dengan PSAK 72: Revenue from Contracts with
Pelanggan Customers
PSAK 72 menentukan pengakuan pendapatan, PSAK 72 determines that the revenue is

yaitu terjadi ketika pengendalian atas barang yang recognised when control of goods has been
telah dialihkan atau pada saat (atau selama) jasa transferred or when (or during) the rendering of
diberikan (kewajiban pelaksanaan telah dipenuhi), services (performance obligation is satisfied), refer
lihat Catatan 2l. to Note 2l.
Sesuai dengan persyaratan transisi pada PSAK 72, In accordance with the transition requirements in
Grup memilih penerapan secara retrospektif PSAK 72, the Group elected to apply
dengan dampak kumulatif pada awal penerapan retrospectively with the cumulative effect of initial
diakui pada tanggal 1 Januari 2020 dan tidak implementation recognised at 1 January 2020 and
menyajikan kembali informasi komparatif. Prinsip not restate the comparative information. The
pengakuan pendapatan dan waktu pengakuan dari underlying principles of new standard, relating to
standar baru ini selaras dengan model dan praktik the measurement of revenue and the timing of
bisnis yang Grup lakukan. Sehingga, penerapan recognition, are closely aligned with the Group's
standar ini tidak menimbulkan dampak material current business model and practices. As a result,
terhadap laporan keuangan konsolidasian. the adoption of this standard did not have a
material impact on the consolidated financial
statements.
PSAK 73: Sewa PSAK 73: Leases
Sehubungan dengan penerapan PSAK 73, Grup In relation to the implementation of PSAK 73, the
sebagai pihak penyewa mengakui aset hak-guna Group as the lessee recognised right-of-use
dan liabilitas sewa terkait dengan sewa yang assets and lease liabilities related to leases which
sebelumnya diklasifikasikan sebagai sewa operasi were previously classified as operating leases
berdasarkan PSAK 30: Sewa, kecuali atas sewa based on PSAK 30: Leases, except for short-term
jangka pendek atau sewa dengan aset yang leases or leases with low value assets, refer to
bernilai rendah, lihat Catatan 2w. Note 2w.
Sesuai dengan persyaratan transisi pada In accordance with the transition requirements in
PSAK 73: Sewa, Grup memilih penerapan secara PSAK 73: Leases, the Group elected to apply
retrospektif dengan dampak kumulatif pada awal retrospectively with the cumulative effect of initial
penerapan diakui pada tanggal 1 Januari 2020 dan implementation recognised at 1 January 2020 and
tidak menyajikan kembali informasi komparatif, dan not restate the comparative information, and has
menggunakan cara praktis berikut yang telah used the the following practical expedients
diizinkan oleh standar: (a) Akuntansi sewa operasi permitted by the standard: (a) Accounting for
dengan sisa jangka waktu kurang dari 12 bulan operating leases with a remaining lease term of
pada tanggal 1 Januari 2020 sebagai sewa jangka less than 12 months as at 1 January 2020 as
pendek; (b) Menggunakan peninjauan kembali short-term leases; (b) Using hindsight in
dalam menentukan jangka waktu sewa di mana determining the lease term where the contract
kontrak berisi opsi untuk memperpanjang atau contains options to extend or terminate the lease.
mengakhiri sewa.
Aset hak-guna diukur sebesar jumlah yang sama Right-of-use assets were measured at the amount
dengan liabilitas sewa, disesuaikan dengan jumlah equal to the lease liability, adjusted by the amount
pembayaran sewa yang dibayar dimuka atau yang of any prepaid or accrued lease payments relating
masih harus dibayar terkait sewa tersebut yang to that lease recognised in the consolidated
diakui di laporan posisi keuangan. statement of financial position.


lain) stated)

AKUNTANSI BARU (lanjutan) OF ACCOUNTING STANDARDS (continued)
Berlaku efektif untuk tahun buku yang dimulai Effective

PSAK 73:for
Leases
the year begin as at or after
pada atau setelah tanggal 1 Januari 2020 1 January 2020 (continued)
(lanjutan)
PSAK 73: Sewa (lanjutan) PSAK 73: Leases (continued)
Perubahan kebijakan akuntansi mempengaruhi The change in accounting policy affected the
akun-akun berikut di laporan posisi keuangan following accounts in the consolidated statements
pada 1 Januari 2020 yaitu aset hak-guna dan of financial position on 1 January 2020 in which
liabilitas lain-lain masing-masing meningkat right-of-use assets and other liabilities increased
sebesar Rp 48.412 juta dan Rp 32.947 juta. by Rp 48,412 million and Rp 32,947 million,
respectively.
Berikut adalah standar dan interpretasi yang tidak The following standards and interpretation did not
menimbulkan dampak signifikan terhadap laporan result any significant impact in the consolidated
keuangan konsolidasian: financial statements:
- PSAK No. 1 (Amandemen/ : Penyajian laporan keuangan/Presentation of financial

Amendment 2019) statements
- PSAK No. 15 (Amandemen/ : Investasi pada Entitas Asosiasi dan Ventura Bersama/
Amendment 2017) Investments in Associates and Joint Ventures
- PSAK No. 25 (Amandemen/ : Kebijakan akuntansi, perubahan estimasi akuntansi, dan
Amendment 2019) kesalahan/ Accounting policies, changes in accounting
estimated and errors
- PSAK No. 55 (Amandemen/ : Instrumen keungan: pengakuan dan pengukuran/
Amendment 2020 – Tahap/Phase 1) Financial instrument: recognition and measurement
- PSAK No. 60 (Amandemen/ : Pengungkapan/Disclosures
Amendment 2020 – Tahap/Phase 1)
- PSAK No. 71 (Amandemen/ : Instrumen keuangan/Financial instrument
- PSAK No. 73 (Amandemen/ : Sewa /Leases
- ISAK No. 36 : Interpretasi atas interaksi antara ketentuan mengenai hak
atas tanah dalam PSAK 16: Aset tetap dan PSAK 73:
Sewa/Interpretation on land rights provisions between
PSAK 16: Fixed Assets and PSAK 73: Leases


lain) stated)
3. PENERAPAN PERNYATAAN STANDAR 3. THE IMPLEMENTATION OF NEW

AKUNTANSI BARU (lanjutan) STATEMENTS OF ACCOUNTING STANDARDS
(continued)
Belum berlaku efektif untuk tahun buku yang Not effective for the year begin as at
dimulai pada tanggal 1 Januari 2020: 1 January 2020:
- PSAK No. 1 (Amandemen/ : Penyajian laporan keuangan/Presentation of financial

Amendment 2020) statements
- PSAK No. 22 (Amandemen/ : Kombinasi bisnis/Business combination
Amendment 2019)
- PSAK No. 25 (Amandemen/ : Kebijakan akuntansi, perubahan estimasi akuntansi, dan
Amendment 2020) kesalahan/ Accounting policies, changes in accounting
estimated and errors
- PSAK No. 55 (Amandemen/ : Instrumen keungan: pengakuan dan pengukuran/
Amendment 2020 – Tahap/Phase 2) Financial instrument: recognition and measurement
- PSAK No. 57 (Amandemen/ : Provisi, liabilitas kontinjensi, dan aset kontinjensi/
Amendment 2020) Provisions, contingent liabilities, and contingent assets
- PSAK No. 60 (Amandemen/ : Pengungkapan/Disclosures
- PSAK No. 71 (Amandemen/ : Instrumen keuangan/Financial instrument
- PSAK No. 73 (Amandemen/ : Sewa /Leases
Grup masih mempelajari dampak yang mungkin The Group is still evaluating the possible impact
timbul atas penerbitan standar akuntansi keuangan on the issuance of these financial accounting
tersebut. standards.


lain) stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
2020 2019
Kas 793 1,136 Cash on hand
Bank Cash in banks

Pihak ketiga Third parties
Rupiah Rupiah
PT Bank Permata Tbk. 45,348 - PT Bank Permata Tbk.
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk. 36,153 5,182 (Persero) Tbk.
PT Bank Negara Indonesia PT Bank Negara Indonesia
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
PT Bank Pan Indonesia Tbk. 510 548 PT Bank Pan Indonesia Tbk.
Bank lainnya 574 506 Other banks
100,983 29,274
Mata uang asing Foreign currency

PT Bank Permata Tbk. 1,776 - PT Bank Permata Tbk.
PT Bank Mandiri PT Bank Mandiri
(Persero) Tbk. 605 8,423 (Persero) Tbk.
PT Bank DBS Indonesia 588 583 PT Bank DBS Indonesia
PT Bank Pan Indonesia Tbk. 491 1,513 PT Bank Pan Indonesia Tbk.
Bank lainnya 702 648 Other banks
5,470 187,642
Pihak berelasi Related party

(lihat Catatan 6c) - 42,394 (see Note 6c)
106,453 259,310
Deposito berjangka Time deposits

Pihak ketiga Third party
Rupiah Rupiah
(Persero) Tbk. 400,000 - (Persero)Tbk.

(Persero) Tbk. 471,646 122,920 (Persero)Tbk.
871,646 122,920
978,892 383,366
Suku bunga tahunan deposito berjangka berkisar The annual interest rates for time deposits were in
sebagai berikut: the following ranges:
2020 2019
Deposito berjangka Time deposits
Rupiah 4.00% - Rupiah
Mata uang asing 1.00% - 1.25% 2.00% - 2.80% Foreign currency


lain) stated)
5. PIUTANG USAHA 5. TRADE RECEIVABLES
2020 2019

Bunge Asia Pte. Ltd. 215,081 149,957 Bunge Asia Pte. Ltd.
Cargill International Trading Ltd. 118,139 12,480 Cargill International Trading Ltd.
Josovina Commodities Pte. Ltd. 42,138 87,538 Josovina Commodities Pte. Ltd.
Trump Asia Pacific Corp. Ltd. 24,261 23,910 Trump Asia Pacific Corp. Ltd.
PT Kutai Refinery Nusantara 6,030 3,938 PT Kutai Refinery Nusantara
PT Asianagro Agung Jaya 3,676 - PT Asianagro Agung Jaya
PT Sari Dumai Sejati 1,591 748 PT Sari Dumai Sejati
LKM Pesona Mitra Makmur Lestari 642 1,557 LKM Pesona Mitra Makmur Lestari
KSU Mitra Surya Sejahtera 66 2,236 KSU Mitra Surya Sejahtera
AAA Oils & Fats Pte. Ltd. - 30,860 AAA Oils & Fats Pte. Ltd.
Louis Dreyfus Company Louis Dreyfus Company
Asia Pte. Ltd. - 25,335 Asia Pte. Ltd.
Golden Agri International Pte. Ltd. - 23,845 Golden Agri International Pte. Ltd.
PT Agritrade Cahaya Makmur - 12,631 PT Agritrade Cahaya Makmur
Lainnya 3,826 4,970 Others
415,450 380,005
Dikurangi: penyisihan penurunan
nilai (24,261) (23,910) Less: provision for impairment
391,189 356,095
Pihak berelasi Related parties

(lihat Catatan 6c) 374,660 12,644 (see Note 6c)
765,849 368,739
Ringkasan umur piutang usaha: A summary of the aging of trade receivables:
2020 2019
Kurang dari satu bulan 756,700 360,339 Less than one month
Satu sampai dua bulan 3,912 1,957 One to two months
Lebih dari dua bulan 29,498 30,353 More than two months
790,110 392,649
Dikurangi: penyisihan
penurunan nilai (24,261) (23,910) Less: provision for impairment
765,849 368,739
2020 2019
Rupiah 15,853 35,820 Rupiah

Mata uang asing 774,257 356,829 Foreign currency
790,110 392,649


lain) stated)
5. PIUTANG USAHA (lanjutan) 5. TRADE RECEIVABLES (continued)
Mutasi penyisihan penurunan nilai adalah sebagai Movements of the provision for impairment are as
berikut: follows:
2020 2019
Saldo awal 23,910 24,907 Beginning balance

Penambahan/(pengurangan) 351 (997) Addition/(deduction)
Saldo akhir 24,261 23,910 Ending balance
Manajemen berkeyakinan bahwa penyisihan Management believes that the provision for
penurunan nilai memadai untuk menutupi kerugian impairment is adequate to cover losses from
dari piutang yang tak tertagih. uncollectible trade receivables.
6. INFORMASI MENGENAI PIHAK BERELASI 6. RELATED PARTY INFORMATION
a. Sifat hubungan dan transaksi dengan pihak- a. Nature of relationships and transactions
pihak berelasi with related parties
Pihak-pihak berelasi/ Sifat hubungan/ Transaksi yang signifikan/
Related parties Nature of relationship Significant transactions
PT Astra International Tbk. (AI) Pemegang saham mayoritas Pembelian alat pengangkutan
Perusahaan/Major shareholder dan suku cadang/Purchases of
of the Company vehicles and spareparts
PT United Tractors Tbk. (UT) Pemegang saham mayoritas Pembelian peralatan dan suku
yang sama/The same major cadang/Purchases of equipments
shareholder and spareparts
PT Astra Otoparts Tbk. (AOP) Pemegang saham mayoritas Pembelian suku cadang kendaraan/
yang sama/The same major Purchases of vehicle spareparts
shareholder
PT Astra Graphia Tbk. (AG) Pemegang saham mayoritas Pembelian peralatan/
yang sama/The same major Purchases of equipments
shareholder
PT Serasi Autoraya (SAR) Pemegang saham mayoritas Penyewaan kendaraan bermotor/
yang sama/The same major Vehicles rental services
shareholder
PT Menara Astra (MA) Pemegang saham mayoritas Piutang jaminan/
yang sama/The same major Deposit receivables
shareholder
PT Asuransi Astra Buana (AAB) Pemegang saham mayoritas Jasa asuransi/
yang sama/The same major Insurance services
shareholder
PT Traktor Nusantara (TN) Ventura bersama PT AI/ Pembelian peralatan dan suku
Joint venture of PT AI cadang/Purchases of equipments
and spareparts
PT Permata Tbk. (BP)*) Ventura bersama PT AI/ Jasa perbankan/
Joint venture of PT AI Banking services
PT Bina Pertiwi (BNP) Entitas anak PT UT/ Pembelian peralatan dan suku
A subsidiary of PT UT cadang/Purchases of equipments
and spareparts
PT United Tractors Pandu Entitas anak PT UT/ Pembelian peralatan dan suku
Engineering (UTPE) A subsidiary of PT UT cadang/Purchases of equipments
and spareparts
*) Bukan pihak berelasi sejak bulan Mei 2020. *) Not a related party since May 2020.


lain) stated)
6. INFORMASI MENGENAI PIHAK BERELASI 6. RELATED PARTY INFORMATION (continued)

(lanjutan)
a. Sifat hubungan dan transaksi dengan pihak- a. Nature of relationships and transactions
pihak berelasi (lanjutan) with related parties (continued)
Pihak-pihak berelasi/ Sifat hubungan/ Transaksi yang signifikan/
Related parties Nature of relationship Significant transactions
PT Harmoni Mitra Utama (HMU) Entitas anak PT SAR/ Jasa pengangkutan/
A subsidiary of PT SAR Transportation services
PT Serasi Shipping Indonesia (SSI) Entitas anak PT SAR/ Jasa pengangkutan/
A subsidiary of PT SAR Transportation services
PT Swadaya Harapan Nusantara (SHN) Entitas anak PT TN/ Pembelian peralatan dan suku
A subsidiary of PT TN cadang/Purchases of equipments
and spareparts
Astra-KLK Pte. Ltd. (ASK) Ventura bersama/ Penjualan barang jadi/
Joint venture Sales of finished goods
PT Kreasijaya Adhikarya (KJA) Ventura bersama/ Penjualan barang jadi dan pinjaman/
Joint venture Sales of finished goods and loan
Komisaris dan Direksi Perusahaan Personil manajemen kunci/ Kompensasi/
dan Entitas Anak/ Key management personnel Compensation
Commissioners and Directors
of the Company and Subsidiaries
Dana Pensiun Astra 1 dan/and 2 Penyelenggara program imbalan Jasa penyelenggara program imbalan
pascakerja Grup/Pension Fund pascakerja/Post- employment
of the Group’s post-employment benefit plan services
benefit plan
b. Ikhtisar transaksi-transaksi signifikan dengan b. Summary of significant transactions with

pihak-pihak berelasi related parties
2020 2019
Penjualan barang jadi ke: Sales of finished goods to:

(persentase dari (percentage of
pendapatan bersih) net revenue)
Astra-KLK Pte. Ltd. 4,570,208 24% 4,415,047 25% Astra-KLK Pte. Ltd.
PT Kreasijaya Adhikarya 1,189,024 6% 1,101,922 6% PT Kreasijaya Adhikarya
5,759,232 30% 5,516,969 31%
Pembelian alat pengangkutan, Purchases of vehicles,

peralatan, suku cadang, equipment, spareparts and
dan sewa kendaraan dari vehicle rental services from
UT, TN, AI, BNP, SAR, SHN UT, TN, AI, BNP, SAR, SHN
AOP dan AG AOP and AG
(persentase dari beban (percentage of cost of
pokok pendapatan) 73,246 <1% 89,076 1% revenue)
Jasa pengangkutan dan Transportation service and

asuransi dari SSI, AAB insurance from SSI, AAB
dan HMU (persentase dari and HMU (percentage of
beban penjualan) 40,718 10% 45,276 10% selling expenses)
Pendapatan bunga dari Interest income from

KJA dan BP (persentase KJA and BP (percentage of
dari penghasilan bunga) 16,220 32% 26,004 86% interest income)


lain) stated)

(lanjutan)
b. Ikhtisar transaksi-transaksi signifikan dengan b. Summary of significant transactions with

pihak-pihak berelasi (lanjutan) related parties (continued)
Total kompensasi personil manajemen kunci Total compensation of 35 key management

yang berjumlah 35 orang (2019: 36 orang) personnel (2019: 36 personnel) are as
adalah sebagai berikut: follows:
2020 2019
Imbalan jangka pendek 37,991 41,039 Short-term benefits

Imbalan pascakerja dan Post-employment and
jangka panjang lainnya 6,639 2,802 other long-term benefits
44,630 43,841
Jumlah pembayaran yang dilakukan Grup Total payment made by the Group to Dana
kepada Dana Pensiun Astra adalah sebesar Pensiun Astra amounted to Rp 141,030
Rp 141.030 juta (2019: Rp 140.181 juta). million (2019: Rp 140,181 million).
c. Ikhtisar saldo hasil transaksi-transaksi c. Summary of balances arising from

signifikan dengan pihak-pihak berelasi significant transactions with related parties
2020 2019
Aset Assets
Kas dan setara kas Cash and cash equivalents
Rupiah Rupiah
PT Bank Permata Tbk. - 39,954 PT Bank Permata Tbk.
- 42,394
Piutang usaha Trade receivables
Rupiah Rupiah
PT Kreasijaya Adhikarya 22 9,740 PT Kreasijaya Adhikarya
Astra-KLK Pte. Ltd. 374,638 2,904 Astra-KLK Pte. Ltd.
374,660 12,644
Piutang lain-lain Other receivables
Rupiah Rupiah
PT Kreasijaya Adhikarya 235 216 PT Kreasijaya Adhikarya
PT Kreasijaya Adhikarya 3,150 4,999 PT Kreasijaya Adhikarya
3,385 5,215
Piutang jangka panjang Long term receivables
Rupiah Rupiah
PT Menara Astra 489 489 PT Menara Astra
PT Kreasijaya Adhikarya 456,462 449,861 PT Kreasijaya Adhikarya
456,951 450,350
834,996 510,603
Persentase dari total aset 3% 2% Percentage of total assets


lain) stated)

(lanjutan)
c. Ikhtisar saldo hasil transaksi-transaksi c. Summary of balances arising from

signifikan dengan pihak-pihak berelasi significant transactions with related parties
Piutang jangka panjang dalam mata uang The long term receivable in foreign currency
asing PT Kreasijaya Adhikarya dikenakan of PT Kreasijaya Adhikarya bear annual
bunga sebesar 2,5% diatas LIBOR. Tidak ada interest rate of 2.5% above LIBOR. There are
jaminan dan jadwal pengembalian yang tetap no collateral and no fixed repayment schedule
atas piutang ini. for this receivable.
2020 2019
Liabilitas Liabilities
Uang muka pelanggan Advances from customers
Rupiah Rupiah
PT Kreasijaya Adhikarya 64 7,842 PT Kreasijaya Adhikarya
Astra-KLK Pte. Ltd. - 8,390 Astra-KLK Pte. Ltd.
64 16,232
Utang usaha Trade payables

Rupiah Rupiah
PT United Tractors Tbk. 6,654 3,599 PT United Tractors Tbk.
PT Bina Pertiwi 3,347 4,726 PT Bina Pertiwi
PT Astra International Tbk. 3,242 3,081 PT Astra International Tbk.
PT Traktor Nusantara 2,887 4,482 PT Traktor Nusantara
PT United Tractors Pandu PT United Tractors Pandu
Engineering 1,592 1,592 Engineering
PT Serasi Autoraya 1,470 546 PT Serasi Autoraya
PT Serasi Shipping PT Serasi Shipping
Indonesia 351 7,009 Indonesia
Lain-lain 1,265 809 Others
20,808 25,844
Liabilitas lain-lain Other liabilities
Rupiah Rupiah
PT Bank Permata Tbk. - 82 PT Bank Permata Tbk.
PT Bank Permata Tbk. - 318 PT Bank Permata Tbk.
- 400
20,872 42,476
Persentase dari total liabilitas <1% 1% Percentage of total liabilities


lain) stated)
7. PERSEDIAAN 7. INVENTORIES
2020 2019
Barang jadi Finished goods

Minyak sawit mentah Crude palm oil
dan turunannya 1,306,384 985,144 and its derivatives
Inti sawit dan turunannya 105,064 82,786 Palm kernel and its derivatives
Lain-lain 1,135 1,817 Others
1,412,583 1,069,747
Barang dalam proses 110,288 111,628 Work in progress
Bahan penunjang Supplies

Suku cadang 264,581 220,262 Spareparts
Pupuk 163,423 325,458 Fertilisers
Bahan tanaman 81,887 107,838 Planting materials
Bahan bakar 71,578 66,993 Fuel
Pestisida 28,699 33,886 Pesticides
642,732 792,660
2,165,603 1,974,035
Berdasarkan penelaahan atas kondisi dan nilai Based on a review of the condition and value of the
persediaan, manajemen berkeyakinan bahwa tidak inventories, management believes that none of
ada persediaan yang mengalami penurunan nilai. these inventories were impaired.
Barang jadi dan bahan penunjang diasuransikan Finished goods and supplies are covered by
terhadap risiko kebakaran dan risiko lainnya insurance against risk of fire and other risks
dengan nilai pertanggungan sejumlah amounting to Rp 2,294 billion (2019: Rp 2,259
Rp 2.294 miliar (2019: Rp 2.259 miliar). billion), which in the opinion of management is
Manajemen berkeyakinan bahwa nilai adequate to cover possible losses arising from
pertanggungan tersebut memadai untuk menutupi such risks.
kemungkinan kerugian atas risiko-risiko tersebut.
8. UANG MUKA 8. ADVANCES
Merupakan uang muka untuk pembelian dan Represent advances for the purchases and
pembayaran sebagai berikut: payments of the followings:
2020 2019
Persediaan 81,311 100,404 Inventories

Bea impor dan pungutan 3,845 1,326 Import duties and levies
Pengangkutan 1,638 3,512 Transportation
Perijinan 796 796 Licenses
Sewa 160 15,782 Rental
123,234 153,854


lain) stated)
9. PAJAK DIBAYAR DIMUKA 9. PREPAID TAXES
2020 2019
Pajak Pertambahan Nilai, bersih 1,022,043 1,015,764 Value Added Tax, net
10. INVESTASI PADA VENTURA BERSAMA 10. INVESTMENT IN JOINT VENTURES
Astra-KLK Pte. Ltd. (ASK) bergerak dalam bidang Astra-KLK Pte. Ltd. (ASK) engages in marketing
jasa pemasaran dan logistik yang beroperasi di and logistic services which operated in Singapore,
Singapura, sedangkan PT Kreasijaya Adhikarya while PT Kreasijaya Adhikarya (KJA) engages in
(KJA) bergerak dalam bidang penyulingan minyak the refining of crude palm oil in Dumai, Riau
sawit mentah di Dumai, propinsi Riau. province.
Jumlah tercatat dan bagian atas hasil bersih The carrying amounts and share of results are as
masing-masing adalah sebagai berikut: follows:
Persentase Bagian atas
kepemilikan efektif/ Saldo awal/ hasil bersih/ Saldo akhir/
Percentage of Beginning Penambahan/ Share of Ending
Nama entitas effective ownership balance Addition results balance Entity name
2020 2020
Astra-KLK Pte. Ltd. 49% 94,089 - 48,743 142,832 Astra-KLK Pte. Ltd.
PT Kreasijaya PT Kreasijaya
Adhikarya 50% 72,978 - 39,720 112,698 Adhikarya
167,067 - 88,463 255,530
2019 2019
Astra-KLK Pte. Ltd. 49% 50,129 - 43,960 94,089 Astra-KLK Pte. Ltd.
PT Kreasijaya PT Kreasijaya
Adhikarya 50% 122,837 - (49,859) 72,978 Adhikarya
172,966 - (5,899) 167,067
Bagian Perusahaan atas aset, liabilitas dan The Company’s share of the assets, liabilities and
pendapatan adalah sebagai berikut: revenue are as follows:
2020 2019
Total aset lancar 1,325,351 1,281,535 Total current assets

Total aset tidak lancar 249,983 293,864 Total non-current assets
Total liabilitas jangka pendek 856,039 956,515 Total current liabilities
Total liabilitas jangka panjang 463,765 451,817 Total non-current liabilities
Pendapatan bersih 10,166,476 9,769,968 Net revenue


lain) stated)
11. TANAMAN PRODUKTIF 11. BEARER PLANTS
a. Tanaman menghasilkan a. Mature plantations
Mutasi nilai menurut jenis tanaman: Movements of amount based on plants

variety:
Saldo awal/ Saldo akhir/
Beginning Penambahan/ Reklasifikasi/ Pengurangan/ Ending
balance Additions Reclassification Disposals balance
2020 2020
Harga perolehan Acquisition costs
Kelapa sawit 7,938,364 - 428,391 (45,607) 8,321,148 Oil palm
Karet 147,496 - 9,938 - 157,434 Rubber
8,085,860 - 438,329 (45,607) 8,478,582
Accumulated
Akumulasi penyusutan depreciation and
dan penurunan nilai impairment
Kelapa sawit (2,550,652) (382,808) - 36,676 (2,896,784) Oil palm
Karet (112,130) (7,872) - - (120,002) Rubber
(2,662,782) (390,680) - 36,676 (3,016,786)
Nilai buku bersih 5,423,078 5,461,796 Net book value

2019 2019
Kelapa sawit 7,924,139 - 320,487 (306,262) 7,938,364 Oil palm
Karet 38,130 - 109,366 - 147,496 Rubber
7,962,269 - 429,853 (306,262) 8,085,860
Accumulated
Akumulasi penyusutan depreciation and
dan penurunan nilai impairment
Kelapa sawit (2,278,795) (378,809) - 106,952 (2,550,652) Oil palm
Karet (1,785) (110,345) - - (112,130) Rubber
(2,280,580) (489,154) - 106,952 (2,662,782)
Seluruh penyusutan tanaman menghasilkan All depreciation of mature plantations was

dialokasikan ke beban pokok produksi. allocated to cost of production.
Pengurangan tanaman menghasilkan pada The disposals of mature plantations in 2020

tahun 2020 dan 2019, terutama sehubungan and 2019 were mainly in relation with the
dengan penanaman kembali areal yang tidak replanting of non productive areas and the
produktif dan pengalihan kebun inti menjadi designation of nucleus plantation to plasma
kebun plasma. plantation.


lain) stated)
11. TANAMAN PRODUKTIF (lanjutan) 11. BEARER PLANTS (continued)
a. Tanaman menghasilkan (lanjutan) a. Mature plantations (continued)
Rincian nilai buku bersih berdasarkan lokasi Detail of net book value based on planting
penanaman: location:
2020 2019
Kalimantan 3,350,795 3,487,666 Kalimantan

Sumatera 1,157,963 991,193 Sumatera
Sulawesi 943,474 934,037 Sulawesi
Jawa 9,564 10,182 Java
5,461,796 5,423,078
Status areal tanaman menghasilkan telah The status of mature plantations area already
memiliki legalitas perijinan. has the legal licenses.
b. Tanaman belum menghasilkan b. Immature plantations
Mutasi nilai menurut jenis tanaman: Movements of amount based on plants

variety:
2020 2020
Kelapa sawit 1,557,496 547,487 (428,391) (132,532) 1,544,060 Oil palm
Karet 9,938 - (9,938) - - Rubber
1,567,434 547,487 (438,329) (132,532) 1,544,060
2019 2019
Kelapa sawit 1,247,812 656,048 (320,487) (25,877) 1,557,496 Oil palm
Karet 119,304 - (109,366) - 9,938 Rubber
1,367,116 656,048 (429,853) (25,877) 1,567,434
Biaya pinjaman yang dikapitalisasi ke tanaman Borrowing cost capitalised to immature

belum menghasilkan untuk tahun 2020 adalah plantations during 2020 amounted to
sebesar Rp 72.187 juta (2019: Rp 76.779 juta) Rp 72,187 million (2019: Rp 76,779 million)
dengan rata-rata tingkat kapitalisasi sebesar with average capitalisation rates of 8.6%
8,6% (2019: 8,1%). (2019: 8.1%).
Pengurangan tanaman belum menghasilkan The disposals of immature plantations in 2020

pada pada tahun 2020 dan 2019, terutama and 2019 were mainly in relation with the
sehubungan dengan pengalihan kebun inti designation of nucleus plantation to plasma
menjadi kebun plasma. plantation.
Dengan pertimbangan asas manfaat dan biaya, With consideration of the benefit and costs
dimana luasan areal yang tersebar di wilayah yang principles, whereby the total areas that are
berbeda-beda yang dibandingkan dengan scattered in different regions, which are compared
kemungkinan terjadinya risiko kebakaran, wabah to the possibility of risk of fire, plight and other
penyakit dan risiko lainnya, seluruh tanaman risks, all the plantations are not insured.
perkebunan tidak diasuransikan.
Manajemen berpendapat bahwa penyisihan Management is of the view that the provision of
penurunan nilai tanaman produktif sudah impairment of bearer plants is sufficient.
mencukupi.


lain) stated)
12. ASET TETAP 12. FIXED ASSETS
2020
Saldo awal/ Reklasifikasi/ Saldo akhir/
Beginning Penambahan/ Reclassifi- Pengurangan/ Ending
balance Additions cations Disposals balance
Kepemilikan langsung Directly owned

Tanah 514,044 2,536 - (12,122) 504,458 Land
Prasarana jalan dan jembatan 2,675,751 - 88,007 (7,289) 2,756,469 Roads and bridges
Bangunan, instalasi dan Buildings, installations and
mesin 4,726,962 - 48,981 (199) 4,775,744 machinery
Mesin dan peralatan 6,157,762 - 234,854 - 6,392,616 Machinery and equipment
Alat pengangkutan 1,948,923 - 20,107 (3,399) 1,965,631 Vehicles
Peralatan kantor dan
perumahan 124,358 7,128 3,007 - 134,493 Office and housing equipment
16,147,800 9,664 394,956 (23,009) 16,529,411
Aset dalam penyelesaian Construction in progress

Prasarana jalan dan jembatan 187,675 101,793 (89,353) (99,109) 101,006 Roads and bridges
mesin 57,181 25,382 (29,047) (23,619) 29,897 machinery
Mesin dan peralatan 417,404 319,767 (276,556) (23,018) 437,597 Machinery and equipment
662,260 446,942 (394,956) (145,746) 568,500
Aset hak-guna Right-of-use assets

Tanah - 15,466*) - - 15,466 Lands
mesin - 32,946*) - - 32,946 machinery
- 48,412 - - 48,412
16,810,060 505,018 - (168,755) 17,146,323
Akumulasi penyusutan Accumulated depreciation

dan penurunan nilai and impairment

Tanah (39,897) - - - (39,897) Land
Prasarana jalan dan jembatan (1,027,527) (148,222) - 7,174 (1,168,575) Roads and bridges
mesin (1,662,073) (276,147) - 93 (1,938,127) machinery
Mesin dan peralatan (2,531,280) (356,881) - - (2,888,161) Machinery and equipment
Alat pengangkutan (1,622,896) (138,486) - 3,227 (1,758,155) Vehicles
perumahan (84,764) (12,349) - - (97,113) Office and housing equipment
(6,968,437) (932,085) - 10,494 (7,890,028)
Aset hak-guna Right-of-use assets

Tanah - (3,374)*) - - (3,374) Lands
mesin - (10,760)*) - - (10,760) machinery
- (14,134) - - (14,134)
(6,968,437) (946,219) - 10,494 (7,904,162)
*) Penyesuaian sehubungan dengan penerapan PSAK 73. *) Adjustment due to implementation of PSAK 73.


lain) stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
2019
Saldo awal/ Reklasifikasi/ Saldo akhir/
Beginning Penambahan/ Reclassifi- Pengurangan/ Ending
balance Additions cations Disposals balance

Tanah 488,645 30,924 - (5,525) 514,044 Land
Prasarana jalan dan jembatan 2,536,661 - 199,511 (60,421) 2,675,751 Roads and bridges
mesin 4,528,091 - 201,551 (2,680) 4,726,962 machinery
Mesin dan peralatan 5,588,027 - 573,296 (3,561) 6,157,762 Machinery and equipment
Alat pengangkutan 1,913,814 2,823 44,879 (12,593) 1,948,923 Vehicles
perumahan 103,522 309 20,527 - 124,358 Office and housing equipment
15,158,760 34,056 1,039,764 (84,780) 16,147,800
Aset dalam penyelesaian Construction in progress

Prasarana jalan dan jembatan 280,197 106,105 (197,023) (1,604) 187,675 Roads and bridges
mesin 303,469 97,253 (343,541) - 57,181 machinery
Mesin dan peralatan 496,075 420,529 (499,200) - 417,404 Machinery and equipment
1,079,741 623,887 (1,039,764) (1,604) 662,260
16,238,501 657,943 - (86,384) 16,810,060
Akumulasi penyusutan Accumulated depreciation

dan penurunan nilai and impairment
Tanah - (39,897) - - (39,897) Land
Prasarana jalan dan jembatan (892,133) (153,797) - 18,403 (1,027,527) Roads and bridges
mesin (1,424,496) (239,796) - 2,219 (1,662,073) machinery
Mesin dan peralatan (2,183,625) (349,400) - 1,745 (2,531,280) Machinery and equipment
Alat pengangkutan (1,444,281) (190,912) - 12,297 (1,622,896) Vehicles
perumahan (74,953) (9,811) - - (84,764) Office and housing equipment
(6,019,488) (983,613) - 34,664 (6,968,437)
Pengurangan aset tetap pada tahun 2020 dan The disposals of fixed assets in 2020 and 2019
2019, terutama sehubungan dengan pengalihan were mainly in relation with the designation of
kebun inti menjadi kebun plasma. nucleus plantation to plasma plantation.
Penyusutan aset tetap dialokasikan sebagai Depreciation of fixed assets was allocated as
berikut: follows:
2020 2019
Beban produksi 692,328 736,572 Costs of production

General and administrative
Beban umum dan administrasi 151,368 146,421 expenses
Tanaman belum menghasilkan 38,389 37,723 Immature plantations
Beban penjualan 14,134 - Selling expenses
896,219 920,716


lain) stated)
12. ASET TETAP (lanjutan) 12. FIXED ASSETS (continued)
Bangunan, mesin dan alat pengangkutan Buildings, machinery and vehicles are covered by
diasuransikan terhadap risiko kebakaran dan risiko insurance against losses from fire and other risks
lainnya dengan nilai pertanggungan sejumlah for a total coverage of Rp 17,565 billion
Rp 17.565 miliar (2019: Rp 17.362 miliar) yang (2019: Rp 17,362 billion), which in the opinion of
menurut manajemen memadai untuk menutupi management is adequate to cover possible losses
kemungkinan kerugian atas risiko-risiko tersebut. arising from such risks.
Dari sisi anggaran biaya konstruksi pada tanggal Based on budgeted construction cost at statements
laporan posisi keuangan, aset dalam penyelesaian of financial position date, the construction in
rata-rata telah mencapai persentase penyelesaian progress had an average percentage of completion
kurang lebih 91% dan diperkirakan akan selesai of approximately 91% and is expected to be
pada tahun 2021 (2019: kurang lebih 86% dan completed in 2021 (2019: approximately 86% and
diperkirakan akan selesai pada tahun 2020). is expected to be completed in 2020).
Hak atas tanah berupa Hak Guna Usaha (HGU) Land rights are in the form of Rights to Cultivate
dan Hak Guna Bangunan (HGB) dengan masa (HGU) and Building Usage Right (HGB) titles which
berlaku sampai dengan tahun antara 2021 dan will expire within 2021 to 2099. Management
2099. Manajemen berkeyakinan bahwa hak atas believes the land rights can be renewed.
tanah tersebut dapat diperbaharui.
Nilai wajar aset tetap pada tanggal laporan The fair value of fixed assets at the statements of
posisi keuangan adalah sebesar Rp 12.973 miliar financial position date amounted to Rp 12,973
(2019: Rp 13.472 miliar). Perbedaan signifikan billion (2019: Rp 13,472 billion). The significant
terhadap nilai tercatat aset tetap pada aset tanah difference with carrying amount of the fixed assets
dan bangunan, sedangkan terhadap aset tetap is on land and buildings, whereas on the other fixed
lainnya tidak berbeda signifikan. Nilai wajar tanah assets they are not significantly different. The fair
dan bangunan berdasarkan hirarki nilai wajar value of land and buildings are based on fair value
Tingkat 2 (“transaksi pasar yang dapat hierarchy Level 2 (“observable current market
diobservasi”). transactions”).
Jumlah harga perolehan aset tetap yang telah The acquisition costs of fixed assets which have
disusutkan penuh dan masih digunakan adalah been fully depreciated and still being used
sebesar Rp 3.268 miliar (2019: Rp 2.745 miliar). amounted to Rp 3,268 billion (2019: Rp 2,745
billion).
Manajemen berpendapat bahwa penyisihan Management is of the view that the provision of
penurunan nilai aset tetap sudah mencukupi. impairment of fixed assets is sufficient.


lain) stated)
13. ASET BIOLOGIS 13. BIOLOGICAL ASSETS
2020 2019
Aset hewan 16,541 201,116 Livestocks

Produk agrikultur bertumbuh 241,593 157,193 Growing agricultural produce
258,134 358,309
Disajikan sebagai: Presented as:
Aset lancar 258,134 186,748 Current assets

Aset tidak lancar - 171,561 Non-current assets
258,134 358,309
Mutasi aset hewan adalah sebagai berikut: The movements of livestocks are as follows:
2020 2019
Penambahan 33,642 137,284 Addition
Pengurangan (168,217) (171,348) Deduction
Kerugian perubahan nilai wajar (50,000) - Loss on changes in fair value
Nilai wajar aset hewan ditentukan berdasarkan The fair value of livestocks is determined based on
kondisi fisik dan harga transaksi yang disesuaikan, physical condition and the adjusted transaction
dikurangi dengan biaya untuk menjual. price, less cost to sell.
Produk agrikultur bertumbuh berupa Tandan Buah Growing agricultural produce comprise of Fresh
Segar (TBS) yang tumbuh pada tanaman kelapa Fruit Bunch (FFB) grown on oil palm plantations.
sawit. Nilai wajar produk agrikultur bertumbuh The fair value of growing agricultural produce is
ditentukan berdasarkan estimasi harga jual dan determined based on estimated selling price and
potensi jumlah TBS, dikurangi dengan biaya yang potential volume of FFB, less cost incurred during
terjadi selama masa pertumbuhan sampai dipanen growing period until harvested and cost to sell.
dan biaya untuk menjual.
Asumsi utama yang digunakan dalam menentukan Key assumption used in determining the fair value
nilai wajar produk agrikultur bertumbuh : of growing agricultural produce:
- Harga jual hasil panen (kenaikan/penurunan - Selling price of harvested product (increase/
harga jual akan mempengaruhi kenaikan/ decrease in selling price would impact in the
penurunan nilai wajar produk agrikultur fair value of growing agricultural produce).
bertumbuh).
- Jumlah hasil panen (kenaikan/penurunan - Volume of harvested product (increase/

jumlah hasil panen akan mempengaruhi decrease in volume would impact in the fair
kenaikan/penurunan nilai wajar produk value of growing agricultural produce).
agrikultur bertumbuh).
Selama periode berjalan hasil panen TBS adalah During the period the volume of harvested FFB is
sejumlah 3.623.005 ton (2019: 3.990.863 ton) 3,623,005 tonnes (2019: 3,990,863 tonnes) with
dengan perkiraan nilai wajar dikurangi biaya untuk an estimated fair value less cost to sell of Rp
menjual sebesar Rp 4.399 miliar (2019: Rp 3.350 4,399 billion (2019: Rp 3,350 billion) and gain on
miliar) dan keuntungan perubahan nilai wajar changes in fair value of growing agricultural
produk agrikultur bertumbuh sebesar Rp 84.400 produce amounted to Rp 84,400 million (2019:
juta (2019: Rp 68.057 juta). Rp 68,057 million).
Nilai wajar aset biologis berdasarkan hirarki nilai The fair value of biological assets is based on fair
wajar Tingkat 3. value hierarchy Level 3.


lain) stated)
14. PERKEBUNAN PLASMA 14. PLASMA PLANTATIONS
Akun ini merupakan piutang perkebunan plasma This account represents receivables of plasma
yang telah diserahterimakan kepada petani plantations which have been handed over to
plasma. plasma farmers.
Sesuai dengan kebijakan Pemerintah Indonesia, In accordance with Indonesian government

hak guna usaha untuk perkebunan diberikan regulations, the nucleus company is granted
apabila perusahaan inti bersedia mengembangkan plantation land rights if the nucleus company
areal perkebunan untuk petani plasma lokal, develops plantations for local plasma farmers, as
disamping mengembangkan perkebunan miliknya well as developing its own plantations.
sendiri.
Beberapa entitas anak mengembangkan Some subsidiaries have been developing plasma
perkebunan plasma dengan pola Kredit Koperasi plantations under “Kredit Koperasi Primer untuk
Primer untuk Anggotanya (KKPA). Pengembangan Anggotanya” (KKPA) scheme. The development of
perkebunan plasma didanai sendiri oleh entitas plasma plantations is self-funded by the
anak. subsidiaries.
Pada pola KKPA, perjanjian kerjasama In the KKPA scheme, the cooperation agreements
ditandatangani oleh petani plasma melalui Koperasi are signed by the plasma farmers through local
Unit Desa (KUD) sebagai perwakilannya. Pada saat cooperatives (KUD) as their representatives. When
perkebunan plasma menghasilkan sesuai dengan the plasma plantations are mature and meet
kriteria yang ditentukan oleh Pemerintah, certain criteria required by the government, the
perkebunan plasma tersebut akan diserahterimakan plasma plantations will be handed over to the
ke petani plasma (“serah terima perkebunan plasma farmers (“hand over of plasma
plasma”). plantations”).
Nilai serah terima umumnya telah ditentukan pada The handover value is generally determined at the
saat penandatanganan perjanjian kerjasama yang inception of the cooperation agreement agreed by
disepakati antara perusahaan inti dengan petani the nucleus and the plasma farmers.
plasma.
Sejak serah terima perkebunan plasma, petani After the hand over of the plasma plantations, the
plasma berkewajiban menjual hasil panennya plasma farmers are obliged to sell their crops to the
kepada entitas anak sebagai perusahaan inti. subsidiaries as nucleus. The funded plasma
Pendanaan perkebunan plasma dicicil melalui plantations will be repaid through certain
jumlah persentase tertentu yang dipotong entitas percentage amounts withheld by the subsidiaries
anak dari penjualan tersebut. on the related sales.
Pendanaan perkebunan plasma tersebut dijamin The funded plasma plantations are secured by
dengan tanah dan tanaman perkebunan plasma plasma plantations and all assets located on the
serta semua aset yang berada di atasnya dan plantations and future receivables from sales of the
piutang penjualan buah dari kebun plasma di masa plasma crops.
yang akan datang.


lain) stated)
14. PERKEBUNAN PLASMA (lanjutan) 14. PLASMA PLANTATIONS (continued)
Rincian lokasi dari saldo perkebunan plasma yang Details of location from outstanding balance of
ada: plasma plantations:
Perusahaan inti/Nucleus Lokasi/Location Kelompok tani/Farmers group
PT Kimia Tirta Utama Riau Koperasi Rimba Mutiara

PT Tunggal Perkasa Plantations Riau Koperasi Redang Seko
PT Eka Dura Indonesia Riau KSU Sumber Rejeki dan/and KUD Panca Usaha
PT Sari Lembah Subur Riau KPS Jasa Sepakat
PT Sawit Asahan Indah Riau KUD Timiangan Raya
PT Borneo Indah Marjaya Kalimantan Timur/ KUD Sumber Sawit Makmur
East Kalimantan
PT Palma Plantasindo Kalimantan Timur/ KUD Sawit Sungebatu Sejahtera
PT Karyanusa Ekadaya Kalimantan Timur/ Koperasi Usaha Etam, KSU Sawit Wehea Tlan
East Kalimantan Bersatu, KPRI Aroma dan/and KSU Petsotsang
Wehea
PT Sumber Kharisma Persada Kalimantan Timur/ Koperasi Peridan Jaya, Karya Bersama Kerayaan,
East Kalimantan Keluarga Mandiri Jaya, KSU Harapan
Sejahtera dan/and KUD Mandu Sejahtera
PT Cipta Narada Lestari Kalimantan Timur/ Koperasi Bumi Etam Sejahtera
East Kalimantan
PT Subur Abadi Plantations Kalimantan Timur/ KSU Datah Melah, Koperasi Usaha Etam dan/and
East Kalimantan KSU Melah Mandiri Sejahtera
PT Persada Dinamika Lestari Kalimantan Selatan/ KSU Sukses Bersama dan/and KSU Wahyu Ilahi
South Kalimantan
PT Cipta Agro Nusantara Sulawesi Tengah/ Koperasi Tamungku Indah dan/and Koperasi
Central Sulawesi Sumber Sejahtera
PT Agro Nusa Abadi Sulawesi Tengah/ KSU Bunga Sawit, KSU Akar Sawit Sejahtera,
Central Sulawesi KSU Putra Tunggal Mandiri, Koperasi Produsen
Mujur Jaya, Koperasi Produsen Maju Bersama,
Koperasi Produsen Tunas Sawit Mandiri dan/and
Koperasi Produsen Mitra Sejahtera Peboa
PT Nirmala Agro Lestari Kalimantan Tengah/ Koperasi Jasa Mitra Bahaum Bersama, Koperasi
Central Kalimantan Mitra Sejahtera, Koperasi Perigi Jaya Makmur,
Koperasi Jasa Batu Batanggui Sejahtera,
Koperasi Jasa Mentawa Raya Lestari, dan/and
Koperasi Pama Sejahtera Abadi
PT Subur Agro Makmur Kalimantan Selatan/ Koperasi Perkebunan Sawit Berkah Daha
South Kalimantan
PT Sawit Jaya Abadi Sulawesi Tengah/ KSU Tanco’A Mandiri Jaya, KSU Harapan Baru
Central Sulawesi Moyano, KSU Avika Jaya Abadi, KSU Mandiri
Saluwaro Sejahtera, Koperasi Konsumen
Pancula Langgean Molanto, KSU Fajar Sinar
Palande dan/and Koperasi Laron Tole Jaya
PT Tri Buana Mas Kalimantan Selatan/ Koperasi Serba Usaha Bangun Banua
South Kalimantan
15. UANG MUKA PELANGGAN 15. ADVANCES FROM CUSTOMERS
Merupakan uang muka yang diterima dari pelanggan Represent advances received from third party and
pihak ketiga dan pihak berelasi (lihat Catatan 6c) related party customers (see Note 6c) in relation to
sehubungan dengan penjualan. sales.


lain) stated)
16. UTANG USAHA 16. TRADE PAYABLES
2020 2019
Pihak ketiga 749,456 801,001 Third parties

(lihat Catatan 6c) 20,808 25,844 (see Note 6c)
770,264 826,845
2020 2019
Rupiah 767,538 820,106 Rupiah

Mata uang asing 2,726 6,739 Foreign currency
770,264 826,845
Utang usaha terutama sehubungan dengan Trade payables mostly arise from purchases of
pembelian TBS, pupuk, pestisida, suku cadang dan FFB, fertilisers, pesticides, spareparts and other
bahan tanaman lainnya. Jangka waktu kredit yang plantation materials. These purchases have credit
timbul dari pembelian tersebut berkisar antara term in the range of 14 days to 45 days.
14 hari sampai dengan 45 hari.
17. AKRUAL 17. ACCRUALS
2020 2019
Biaya bunga pinjaman bank 77,554 79,849 Interest expense of bank loans
Gaji, upah dan kesejahteraan Salaries, wages and
karyawan 37,830 37,328 employee benefits
Biaya angkut 17,371 18,756 Freight cost
Penghargaan karyawan 14,130 - Employee rewards
Jasa profesional 6,684 7,869 Professional fees
Beban komitmen fasilitas bank 3,023 2,414 Commitment fee of bank facilities
Biaya asuransi 1,014 16 Insurance expense
164,984 152,327


lain) stated)
18. PERPAJAKAN 18. TAXATION
a. Beban pajak penghasilan a. Income tax expense
2020 2019
Perusahaan Company
Kini - 18,856 Current
Tangguhan 2,902 1,861 Deferred
2,902 20,717
Entitas anak Subsidiaries
Kini 382,708 275,249 Current
565,954 396,514
Konsolidasian Consolidated
Kini 382,708 294,105 Current
568,856 417,231
Beban pajak penghasilan kini Perusahaan The Company’s current income tax expense
dihitung sebagai berikut: was calculated as follows:
2020 2019
Laba konsolidasian sebelum Consolidated profit before

pajak penghasilan 1,462,635 660,860 income tax
Dikurangi: laba sebelum Deduct: profit before
pajak penghasilan incoming tax of
entitas anak (1,098,016) (432,256) subsidiaries
Eliminasi transaksi dengan Elimination of transactions with
entitas anak 1,653 556,770 subsidiaries
Laba Perusahaan sebelum Profit before income tax
pajak penghasilan 366,272 785,374 of the Company
Koreksi positif/(negatif): Positive/(negative) corrections:
Beban yang tidak dapat
dikurangkan 12,921 20,780 Non deductible expenses
Penyisihan imbalan kerja 279 7,240 Provision for employee benefits
Perubahan nilai wajar Changes in fair value
aset biologis 2,520 (5,594) of biological assets
Beban ditangguhkan (3,389) (1,816) Deferred charges
Penghasilan bukan obyek pajak (374,146) (716,874) Income not subject to tax
Penghasilan kena pajak final (21,963) (6,416) Income subject to final tax
Selisih penyusutan aset Difference between tax and
tetap dan tanaman accounting depreciation
fiskal dan akuntansi (6,646) (7,271) of fixed assets and plantations
Taksiran (kerugian fiskal)/ Estimated (fiscal loss)/
penghasilan kena pajak taxable income
Perusahaan (24,152) 75,423 of the Company
Beban pajak penghasilan Income tax expense
kini - Perusahaan - 18,856 of the Company - current
kini - entitas anak 382,708 275,249 of subsidiaries - current
Jumlah beban pajak Total income tax
penghasilan - kini 382,708 294,105 expense - current


lain) stated)
18. PERPAJAKAN (lanjutan) 18. TAXATION (continued)
a. Beban pajak penghasilan (lanjutan) a. Income tax expense (continued)
Akumulasi rugi pajak adalah sebagai berikut: The cumulative tax loss carryforwards is as
follows:
2020 2019
Perusahaan 24,152 - Company

Entitas anak 2,333,155 2,704,946 Subsidiaries
2,357,307 2,704,946
Rekonsiliasi antara beban pajak penghasilan A reconciliation between income tax expense
dan hasil perkalian laba Perusahaan sebelum and the profit before income tax of the
pajak penghasilan dengan tarif pajak yang Company multiplied by the applicable tax
berlaku adalah sebagai berikut: rate is as follows:
2020 2019
Laba Perusahaan sebelum Profit before income

pajak penghasilan 366,272 785,374 tax of the Company
Pajak dihitung pada tarif Tax calculated at

pajak yang berlaku 80,580 196,344 applicable rate
Beban yang tidak dapat
dikurangkan 2,843 5,195 Non deductible expenses
Penghasilan bukan obyek pajak (82,312) (179,218) Income not subject to tax
Penghasilan kena pajak final (4,832) (1,604) Income subject to final tax
Penyesuaian saldo awal akibat Adjustment of beginning balance
perubahan tarif pajak 6,623 - due to changes in tax rate

Perusahaan 2,902 20,717 of the Company
entitas anak 565,954 396,514 of subsidiaries
Beban pajak penghasilan 568,856 417,231 Income tax expense
b. Utang pajak b. Taxes payable
2020 2019
Perusahaan Company
Pajak penghasilan: Income taxes:
Pasal 21 15,956 17,368 Article 21
Pasal 22 3 3 Article 22
Pasal 23 dan 4(2) 1,684 1,434 Articles 23 and 4(2)
Pasal 26 3 - Article 26
Pajak Bumi dan Bangunan 267 - Land and Building Tax
17,913 18,805


lain) stated)
b. Utang pajak (lanjutan) b. Taxes payable (continued)
2020 2019

Pajak penghasilan: Income taxes:
Pasal 21 21,695 19,195 Article 21
Pasal 22 1,514 1,098 Article 22
Pasal 23 dan 4(2) 14,504 5,503 Articles 23 and 4(2)
Pasal 25 9,827 24,890 Article 25
Pasal 26 168 168 Article 26
Pasal 29 153,718 14,853 Article 29
Pajak Pertambahan Nilai,
bersih 3,274 7,354 Value Added Tax, net
Pajak Bumi dan Bangunan 6 - Land and Building Tax
204,706 73,061
222,619 91,866
Utang/(lebih bayar) pajak penghasilan Income tax payable/(overpayment) was

dihitung sebagai berikut: calculated as follows:
2020 2019
kini - Perusahaan - 18,856 of the Company - current
Pajak penghasilan dibayar Prepayments of income taxes

dimuka Perusahaan: of the Company:
Pasal 23 (104,839) (116,502) Article 23
Lebih bayar pajak Corporate income tax
penghasilan Perusahaan (104,839) (97,646) overpayment of the Company
Beban pajak penghasilan Income tax expense of
kini entitas anak 382,708 275,249 subsidiaries current
Pajak penghasilan dibayar Prepayments of income taxes
dimuka entitas anak: of subsidiaries:
Pasal 22 - (4,228) Article 22
Pasal 23 (17,178) (17,792) Article 23
Pasal 25 (211,812) (238,376) Article 25
Jumlah (228,990) (260,396) Total
Utang pajak penghasilan Corporate income tax
entitas anak 153,718 14,853 payable of subsidiaries
Sampai dengan tanggal laporan keuangan ini, Until the date of the financial statements
Perusahaan belum menyampaikan Surat report, the Company has not submitted its
Pemberitahuan (SPT) pajak tahunan untuk annual tax return (SPT) for 2020 fiscal year.
tahun pajak 2020. Namun demikian, taksiran However, the estimated taxable income
penghasilan kena pajak tersebut diatas akan presented above will be reported in the 2020
dilaporkan dalam SPT tahun 2020 SPT (2019: the estimated taxable income of
(2019: jumlah taksiran penghasilan kena the Company for 2019 fiscal year was not
pajak Perusahaan tahun 2019 tidak berbeda materially different from the amount reported
secara material dengan jumlah yang in the SPT for the 2019 fiscal year).
dilaporkan pada SPT untuk tahun pajak
2019).


lain) stated)

b. Utang pajak (lanjutan) b. Taxes payable (continued)
Berdasarkan peraturan perpajakan Indonesia, Under the taxation laws of Indonesia, the
Perusahaan dan entitas anak menghitung, Company and subsidiaries calculate, assess,
menetapkan, dan membayar sendiri besarnya and submit tax returns on the basis of self -
jumlah pajak yang terutang. Direktorat assessment. The Directorate General of
Jenderal Pajak (DJP) dapat menetapkan atau Taxation (DGT) may assess or amend taxes
mengubah kewajiban pajak dalam batas within five years of the time the tax becomes
waktu lima tahun sejak saat terutangnya due.
pajak.
Berdasarkan Undang-Undang No. 2 Tahun Based on Law No. 2 Year 2020 concerning
2020 tentang “Penetapan Peraturan “Establishment of Government Regulations in
Pemerintah Pengganti Undang-Undang Lieu of Law No. 1 Year 2020", effectively
Nomor 1 Tahun 2020”, efektif berlaku tarif applied a single corporate income tax rate of
tunggal pajak penghasilan badan yaitu 22% for the 2020 and 2021 Fiscal Years, and
sebesar 22% untuk Tahun Pajak 2020 dan by 20% starting in the 2022 Fiscal Year.
2021, dan sebesar 20% mulai Tahun Pajak
2022.
c. Aset/(liabilitas) pajak tangguhan, bersih c. Deferred tax assets/(liabilities), net

Dikreditkan/
(Dibebankan)/ (dibebankan) ke
dikreditkan ke penghasilan
laba periode komprehensif lain/
berjalan/ (Charged)/credited
(Charged)/credited to other
to profit for comprehensive
2019 the year*) income*) 2020
Perusahaan Company
Cumulative tax loss
Akumulasi rugi pajak - 4,830 - 4,830 carryforwards
Kewajiban imbalan kerja 20,872 (3,667) 912 18,117 Employee benefits obligations
Difference between tax
Selisih nilai buku aset and accounting net book
tetap dan tanaman value of fixed assets
fiskal dan akuntansi 9,112 (3,480) - 5,632 and plantations
aset biologis (1,685) 841 - (844) of biological assets
Beban ditangguhkan 3,326 (1,426) - 1,900 Deferred charges
Perubahan nilai wajar Changes in fair value of
atas transaksi derivatif 28,003 - 45,371 73,374 derivative transactions
59,628 (2,902) 46,283 103,009

Cumulative tax loss
Akumulasi rugi pajak 70,399 (11,219) - 59,180 carryforwards
Rugi pengembangan Loss on plasma
perkebunan plasma 17,408 (5,874) - 11,534 plantations development
Kewajiban imbalan kerja 122,666 (13,232) (2,509) 106,925 Employee benefits obligations
aset biologis (31,898) 2,142 - (29,756) of biological assets
Keuntungan yang
belum direalisasi 14,943 (1,655) - 13,288 Unrealised profit
atas transaksi derivatif 15,538 (1,806) 49,177 62,909 derivative transactions
765,403 (192,060) 46,668 620,011
Jumlah aset pajak Total deferred tax
tangguhan, bersih 825,031 (194,962) 92,951 723,020 assets, net
*) Termasuk penyesuaian akibat perubahan tarif pajak *) Including adjustment due to changes in tax rates (refer
(lihat Catatan 18b). to Notes 18b).


lain) stated)

Dikreditkan/ Dikreditkan ke
(dibebankan) ke penghasilan
berjalan/ credited
Credited/(charged) to other
2019 the year*) income*) 2020
Perusahaan - - - - Company
Cumulative tax loss
Akumulasi rugi pajak 8,428 6,832 - 15,260 carryforwards
perkebunan plasma 2,090 (573) - 1,517 plantations development
Kewajiban imbalan kerja 43,067 (3,083) 510 40,494 Employee benefits obligations
fiskal dan akuntansi (190,354) 10,407 - (179,947) and plantations
aset biologis (5,715) (2,004) - (7,719) of biological assets
atas transaksi derivatif - (2,765) - (2,765) derivative transactions
(142,484) 8,814 510 (133,160)
Jumlah liabilitas pajak Total deferred tax
tangguhan, bersih (142,484) 8,814 510 (133,160) liabilities, net
*) Termasuk penyesuaian akibat perubahan tarif pajak *) Including adjustment due to changes in tax rates (refer
(lihat Catatan 18b). to Notes 18b).
Dikreditkan/
(Dibebankan)/ (dibebankan) ke
berjalan/ Credited/(charged)
2018 the year income 2019
Perusahaan Company
Kewajiban imbalan kerja 19,405 1,810 (343) 20,872 Employee benefits obligations
aset biologis (286) (1,399) - (1,685) of biological assets
Beban ditangguhkan 3,780 (454) - 3,326 Deferred charges
atas transaksi derivatif (34,208) - 62,211 28,003 derivative transactions
(379) (1,861) 61,868 59,628
Cumulative tax loss
Akumulasi rugi pajak 126,322 (55,923) - 70,399 carryforwards
perkebunan plasma 20,743 (3,335) - 17,408 plantations development
Kewajiban imbalan kerja 111,537 4,536 6,593 122,666 Employee benefits obligations
Keuntungan yang
belum direalisasi 14,463 480 - 14,943 Unrealised profit
atas transaksi derivatif - - 15,538 15,538 derivative transactions
838,940 (95,668) 22,131 765,403
Jumlah aset pajak Total deferred tax
tangguhan, bersih 838,561 (97,529) 83,999 825,031 assets, net


lain) stated)

(Dibebankan)/ Dibebankan ke
berjalan/ Charged
2018 the year income 2019
Perusahaan - - - - Company

Cumulative tax loss
Akumulasi rugi pajak - 8,428 - 8,428 carryforwards
perkebunan plasma 2,795 (705) - 2,090 plantations development
Kewajiban imbalan kerja 38,165 5,951 (1,049) 43,067 Employee benefits obligations
fiskal dan akuntansi (153,245) (37,109) - (190,354) and plantations
(115,838) (25,597) (1,049) (142,484)
Jumlah liabilitas pajak Total deferred tax

tangguhan, bersih (115,838) (25,597) (1,049) (142,484) liabilities, net
Grup tidak mengakui aset pajak tangguhan Group has not recognised the deferred tax
sebesar Rp 392.191 juta (2019: Rp 597.410 assets on tax loss carryforwards of
juta) atas saldo kerugian fiskal di beberapa Rp 392,191 million (2019: Rp 597,410
entitas anak dengan pertimbangan bahwa million) in several subsidiaries on the basis
terdapat ketidakpastian penghasilan kena that there is uncertainty that taxable income
pajak masa mendatang dapat will be sufficient to utilise the unused tax loss
mengkompensasi kerugian fiskal tersebut. carryforwards.
Rincian kerugian fiskal yang aset pajak Details of tax loss carryforwards on which
tangguhannya tidak diakui berdasarkan batas the related deferred tax assets are not
waktu penggunaannya: recognised based on expiry of utilisation
period:
2020 2019
1 tahun 210,861 729,122 1 year

2 tahun 234,847 247,536 2 years
3 tahun 558,378 235,349 3 years
4 tahun 639,348 482,893 4 years
5 tahun 317,523 694,739 5 years
1,960,957 2,389,639


lain) stated)
d. Tagihan restitusi pajak d. Claims for tax refunds
Rincian tagihan restitusi pajak adalah The details of claims for tax refunds are as
sebagai berikut: follows:
2020 2019
Perusahaan 560,140 504,145 Company

Entitas anak 1,925,324 2,202,398 Subsidiaries
2,485,464 2,706,543
Tagihan restitusi pajak merupakan kelebihan Claims for tax refunds represent
bayar pajak penghasilan badan dan pajak overpayments of current and previous years’
lainnya tahun berjalan dan tahun-tahun corporate income tax and other taxes which
sebelumnya yang belum atau sedang have not been audited or being examined by
diperiksa oleh DJP serta pembayaran atas the DGT and payments of tax assessments
surat ketetapan pajak yang diterima oleh received by the Company and subsidiaries
Perusahaan dan entitas anak dimana telah for which objections or appeals have been
diajukan keberatan atau banding. submitted.
2020 2019
Belum/sedang diperiksa 1,216,743 1,673,124 Not yet audited/in progress

Keberatan dan banding 1,268,721 1,033,419 Objections and appeals
2,485,464 2,706,543
Atas surat ketetapan pajak di atas, Regarding the tax assessments above,
manajemen masih belum memperoleh management has not received any decision
keputusan dari DJP ataupun dari Pengadilan from the DGT or from the Tax Court up to
Pajak sampai dengan tanggal laporan the date of these consolidated financial
keuangan konsolidasian ini. statements.


lain) stated)
19. PINJAMAN BANK 19. BANK LOANS
2020 2019
Jangka pendek Short-term

Bank of China (Hong Kong) Bank of China (Hong Kong)
Limited - 100,000 Limited
PT Bank Mandiri (Persero) Tbk. - 25,000 PT Bank Mandiri (Persero) Tbk.
- 150,000
Jangka panjang Long-term

Pembiayaan Pinjaman Bersama 5,623,933 5,535,466 Club Loan Financing
Mutasi pinjaman bank adalah sebagai berikut: The movement in bank loans are as follows:
Pinjaman bank Pinjaman bank

jangka pendek/ jangka panjang/
Short-term Long-term
2020 bank loan bank loan Total 2020
Saldo awal 150,000 5,535,466 5,685,466 Begining balance

Arus kas: Cashflows:
Penerimaan pinjaman bank 550,000 - 550,000 Proceeds from bank loans
Pembayaran pinjaman bank (700,000) - (700,000) Payment of bank loans
Perubahan nonkas: Non-cash movements:
Penyesuaian selisih kurs - 81,596 81,596 Foreign exchange adjustments
Lainnya - 6,871 6,871 Others
- 5,623,933 5,623,933
Pinjaman bank Pinjaman bank

jangka pendek/ jangka panjang/
Short-term Long-term
2019 bank loan bank loan Total 2019
Saldo awal 1,125,000 3,606,303 4,731,303 Begining balance

Arus kas: Cashflows:
Penerimaan pinjaman bank 1,000,000 2,135,550 3,135,550 Proceeds from bank loans
Pembayaran pinjaman bank (1,975,000) - (1,975,000) Payment of bank loans
Perubahan nonkas: Non-cash movements:
Penyesuaian selisih kurs - (195,396) (195,396) Foreign exchange adjustments
Lainnya - (10,991) (10,991) Others
150,000 5,535,466 5,685,466


lain) stated)
19. PINJAMAN BANK (lanjutan) 19. BANK LOANS (continued)
Pembiayaan Pinjaman Bersama Club Loan Financing
Pada tanggal 28 September 2017, Perusahaan On 28 September 2017, the Company entered into
menandatangani perjanjian fasilitas pinjaman a club deal loan facilities agreement with some
bersama dengan beberapa pihak pemberi lenders for the committed term loan facility with
pinjaman berupa komitmen term loan facility maximum limit of US$ 250 million and has been
dengan pagu maksimum AS$ 250 juta dan telah fully drawn down on 6 October 2017:
ditarik penuh pada 6 Oktober 2017:
Dolar AS/ Saldo pinjaman/

US Dollars Loan balance
(Dalam ribuan/ (Dalam jutaan/
Pemberi pinjaman In thousands) In millions) Lenders
MUFG Bank, Ltd. 30,000 422,368 MUFG Bank, Ltd.

PT Bank Mandiri (Persero) Tbk. 10,000 140,790 PT Bank Mandiri (Persero) Tbk
Bank of China (Hong Kong) Limited, Bank of China (Hong Kong) Limited,
Jakarta Branch 5,000 70,395 Jakarta Branch
Oversea-Chinese Banking Corporation Oversea-Chinese Banking Corporation
Limited 90,000 1,267,107 Limited
Mizuho Bank, Ltd., Singapore Branch 40,000 563,158 Mizuho Bank, Ltd., Singapore Branch
Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation,
Singapore Branch 40,000 563,158 Singapore Branch
Australian and New Zealand Banking Australian and New Zealand Banking
Group Limited 10,000 140,790 Group Limited
DBS Bank Limited 10,000 140,790 DBS Bank Limited
United Overseas Bank Limited 10,000 140,790 United Overseas Bank Limited
Bank of China (Hong Kong) Limited 5,000 70,395 Bank of China (Hong Kong) Limited
250,000 3,519,741
Suku bunga tahunan untuk komitmen ini adalah The annual interest rates for this commitment is
1,28% diatas LIBOR (neto dari potongan pajak). 1.28% above LIBOR (net of withholding tax).
Tidak ada jaminan atas fasilitas pinjaman bersama This club loan facility is not secured and the drawn
ini dan jumlah pinjaman yang ditarik jatuh tempo down amount will be due at 6 October 2022.
pada 6 Oktober 2022.
Perikatan keuangan atas fasilitas ini adalah rasio The financial covenant for this facility is the ratio of
Consolidated Net Borrowings terhadap Consolidated Net Borrowings to Consolidated
Consolidated Capital Employed untuk periode yang Capital Employed for any relevant period does not
relevan tidak melebihi dari 1,5:1. exceed 1.5:1.


lain) stated)
Pembiayaan Pinjaman Bersama (lanjutan) Club Loan Financing (continued)
Jumlah pinjaman tersebut diatas telah dilindung The above loan has been hedged with Cross
nilai dengan perjanjian Cross Currency Interest Currency Interest Rate Swap (“CCIRS”) contracts
Rate Swap (“CCIRS”) dengan pihak-pihak sebagai with the parties as follows:
berikut:
Nilai tukar Rupiah/

Dolar AS/US Dollars Rupiah swap amount
(Dalam ribuan/ (Dalam jutaan/ Suku bunga tetap/
Nama Bank / Bank Name In thousands) In millions) Fixed interest rate
MUFG Bank, Ltd. 57,000 769,386 7.74%

PT Maybank Indonesia Tbk. 50,000 674,900 7.72%
PT Bank CIMB Niaga Tbk. 25,000 337,500 7.75%
PT Bank CIMB Niaga Tbk. 10,000 135,000 7.70%
PT Bank Mandiri (Persero) Tbk. 30,000 405,000 7.75%
PT Bank DBS Indonesia 33,000 445,500 7.75%
PT Bank OCBC NISP 45,000 607,500 7.85%
250,000 3,374,786
Perjanjian CCIRS ini akan berakhir pada tanggal The CCIRS contracts will be expired at 6 October
6 Oktober 2022. 2022.
Pada tanggal 23 Agustus 2019, Perusahaan On 23 August 2019, the Company entered into a
menandatangani perjanjian fasilitas pinjaman club deal loan facilities agreement with some
bersama dengan beberapa pihak pemberi lenders for the committed term loan facility and
pinjaman berupa komitmen term loan facility dan revolving facility with maximum limit of US$ 150
revolving facility dengan pagu maksimum masing- million and US$ 50 million, respectively.
masing AS$ 150 juta dan AS$ 50 juta.
Komitmen term loan facility telah ditarik penuh The committed term loan facility has been fully
pada tanggal 30 Agustus 2019: drawn down on 30 August 2019:
Dolar AS/ Saldo pinjaman/

US Dollars Loan balance
(Dalam ribuan/ (Dalam jutaan/
Pemberi pinjaman In thousands) In millions) Lenders
Oversea-Chinese Banking Corporation Oversea-Chinese Banking Corporation
Limited 75,000 1,052,096 Limited
Mizuho Bank, Ltd., Singapore Branch 37,500 526,048 Mizuho Bank, Ltd., Singapore Branch
Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation,
Singapore Branch 37,500 526,048 Singapore Branch
150,000 2,104,192
Suku bunga tahunan untuk komitmen ini adalah The annual interest rates for this commitment is
1,15% diatas LIBOR (neto dari potongan pajak). 1.15% above LIBOR (net of withholding tax).
Tidak ada jaminan atas fasilitas pinjaman bersama This club loan facility is not secured and the drawn
ini dan jumlah pinjaman yang ditarik jatuh tempo down amount will be due at 30 August 2024.
pada 30 Agustus 2024.
Perikatan keuangan atas fasilitas ini adalah rasio The financial covenants for these facilities are the
Consolidated Net Borrowings terhadap ratio of Consolidated Net Borrowings to
Consolidated Capital Employed untuk periode yang Consolidated Capital Employed for any relevant
relevan tidak melebihi dari 1,5:1. period does not exceed 1.5:1.


lain) stated)
Pembiayaan Pinjaman Bersama (lanjutan) Club Loan Financing (continued)
Jumlah pinjaman tersebut diatas telah dilindung The above loan has been hedged with Cross
nilai dengan perjanjian Cross Currency Interest Currency Interest Rate Swap (“CCIRS”) contracts
Rate Swap (“CCIRS”) dengan pihak-pihak sebagai with the parties as follows:
berikut:
Nilai tukar Rupiah/
Dolar AS/US Dollars Rupiah swap amount
(Dalam ribuan/ (Dalam jutaan/ Suku bunga tetap/
Nama Bank / Bank Name In thousands) In millions) Fixed interest rate
PT Maybank Indonesia Tbk. 50,000 711,360 8.08%

Australian and New Zealand Banking
Group Limited 25,000 355,875 7.88%
United Overseas Bank Limited 50,000 711,850 7.85%
PT Bank Mandiri (Persero) Tbk. 25,000 355,625 7.84%
150,000 2,134,710
Perjanjian CCIRS ini akan berakhir pada tanggal The CCIRS contracts will be expired at 30 August
30 Agustus 2024. 2024.
Pada tanggal 31 Desember 2020, saldo nilai wajar As at 31 Desember 2020, the balance of fair value
CCIRS sebesar Rp 234.367 juta disajikan sebagai of these CCIRS amounted to Rp 234,367 million
liabilitas lain-lain (2019: disajikan sebagai aset lain- which presented as other liabilities (2019:
lain Rp 38.436 juta dan liabilitas lain-lain sebesar presented as other assets amounted to Rp 38,436
Rp 99.538 juta) dan diukur dengan hirarki nilai million and other liabilities amounted to Rp 99,538
wajar Tingkat 2. million) and are measured by fair value hierarchy
Level 2.
Bank of China (Hong Kong) Limited Bank of China (Hong Kong) Limited
Berdasarkan perubahan perjanjian fasilitas Based on the amendment of the loan facility
pinjaman dengan Bank of China (Hong Kong) agreement with Bank of China (Hong Kong)
Limited, Cabang Jakarta, tertanggal 10 April 2019, Limited, Jakarta Branch, dated 10 April 2019, which
yang merupakan bagian dari perjanjian kredit was part of the credit agreement dated
tertanggal 24 Mei 2018, Perusahaan memperoleh 24 May 2018, the Company obtained a committed
fasilitas komitmen pinjaman berupa revolving loan revolving loan facility with maximum limit of
facility dengan pagu maksimum Rp 700 miliar. Rp 700 billion.
Suku bunga tahunan untuk fasilitas ini dalam The annual interest rate for Rupiah facility is 0.80%
Rupiah adalah 0,80% diatas JIBOR. above JIBOR.
Jumlah pinjaman pada tanggal 31 Desember 2019 The outstanding amount as at 31 December 2019
dalam mata uang Rupiah dengan tingkat suku was in Rupiah currency with the annual interest
bunga tahunan sebesar 5,89%. rate 5.89%.
Tidak ada jaminan atas fasilitas ini dan akan This facility is not secured and will be expired in
berakhir 36 bulan sejak tanggal perjanjian. 36 months from the signing date.
Perikatan keuangan atas fasilitas ini adalah rasio The financial covenant for these facilities is the


lain) stated)
PT Bank Mandiri (Persero) Tbk. PT Bank Mandiri (Persero) Tbk.

Pada tanggal 26 November 2019, Perusahaan On 26 November 2019, the Company entered into
menandatangani perjanjian fasilitas pinjaman loan facility agreements with PT Bank Mandiri
dengan PT Bank Mandiri (Persero) Tbk. dengan (Persero) Tbk. with the available commitment is
fasilitas komitmen yang tersedia berupa revolving revolving loan with maximum limit of
loan dengan pagu maksimum Rp 1.000 miliar. Rp 1,000 billion.
Suku bunga tahunan untuk komitmen ini adalah The annual interest rate for this commitment is
1,50% diatas JIBOR. 1.50% above JIBOR
berakhir 5 tahun sejak tanggal perjanjian. 5 years from the signing date.
PT Bank Permata Tbk. PT Bank Permata Tbk.
Pada tanggal 8 November 2019, Perusahaan On 8 November 2019, Company entered into loan
menandatangani perjanjian fasilitas pinjaman facility agreements with PT Bank Permata Tbk. with
dengan PT Bank Permata Tbk. dengan fasilitas the available commitment is revolving facility with
komitmen yang tersedia berupa revolving facility maximum limit of Rp 500 billion.
dengan pagu maksimum Rp 500 miliar.
1,5% diatas JIBOR. 1.5% above JIBOR.
berakhir 60 bulan sejak tanggal perjanjian. 60 months from the signing date.
Consolidated Capital Employed untuk periode Consolidated Capital Employed for any relevant
yang relevan tidak melebihi dari 1,5:1. period does not exceed 1.5:1.
PT Bank Sumitomo Mitsui Indonesia PT Bank Sumitomo Mitsui Indonesia
Pada tanggal 28 Desember 2017, Perusahaan On 28 December 2017, the Company entered into
menandatangani perjanjian fasilitas pinjaman loan facility agreements with PT Bank Sumitomo
dengan PT Bank Sumitomo Mitsui Indonesia, Mitsui Indonesia with the available commitment is
dengan fasilitas komitmen yang tersedia berupa revolving facility and maximum limit of Rp 800
revolving facility dan pagu maksimum Rp 800 billion.
milliar.


lain) stated)
PT Bank Sumitomo Mitsui Indonesia (lanjutan) PT Bank Sumitomo Mitsui Indonesia (continued)
1,25% diatas JIBOR. 1.25% above JIBOR.
Tidak ada jaminan atas fasilitas ini dan telah This facility is not secured and expired at
berakhir pada tanggal 28 Desember 2020. 28 December 2020.
PT Bank Mizuho Indonesia PT Bank Mizuho Indonesia
pinjaman dengan PT Bank Mizuho Indonesia agreement with PT Bank Mizuho Indonesia dated
tertanggal 29 Juni 2020 yang merupakan bagian 29 June 2020, which was part of the credit
dari perjanjian kredit tertanggal 29 Juni 2012, agreement dated 29 June 2012, the Company
Perusahaan memperoleh fasilitas pinjaman berupa obtained revolving loan facility with maximum limit
revolving loan facility dengan pagu maksimum of Rp 500 billion or its equivalent in US Dollars.
Rp 500 miliar atau ekuivalen dalam mata uang
Dolar AS.
Suku bunga tahunan untuk fasilitas ini dalam The annual interest rate for Rupiah facility is 1.20%
Rupiah adalah 1,20% diatas JIBOR atau dalam above JIBOR or 1.20% above LIBOR for the US
Dolar AS 1,20% diatas LIBOR. Dollar facility.
Tidak ada jaminan atas fasilitas ini dan berakhir This facility is not secured and will be expired in
12 bulan sejak tanggal perubahan perjanjian. 12 months from the signing date of amendment.
MUFG Bank, Ltd. MUFG Bank, Ltd.
pinjaman dengan MUFG Bank, Ltd., Cabang agreement with MUFG Bank, Ltd., Jakarta Branch,
Jakarta, tertanggal 23 April 2019 yang merupakan dated 23 April 2019, which was part of the credit
bagian dari perjanjian kredit tertanggal agreement dated 23 April 2018, with the available
23 April 2018, Perusahaan memperoleh fasilitas facilities facility is uncommitted and revolving
kredit jangka pendek bersifat uncommitted dan short-term credit facility with maximum limit of
revolving dengan pagu maksimum sebesar Rp 330 billion. The loan due in 1 week end up to 3
Rp 330 miliar. Jatuh tempo pinjaman adalah months after drawn down with the annual interest
1 minggu sampai 3 bulan setelah penarikan determined by Bank at the drawn down date.
dengan suku bunga yang telah ditetapkan oleh
Bank pada saat penarikan kredit.
Tidak ada jaminan atas fasilitas ini dan telah This facility is not secured and expired at
berakhir pada tanggal 23 April 2020. 23 April 2020.


lain) stated)
20. KEWAJIBAN IMBALAN KERJA 20. EMPLOYEE BENEFITS OBLIGATIONS
Program pensiun imbalan pasti dikelola oleh Dana The defined benefit pension plan is managed by
Pensiun Astra Satu dan pesertanya adalah Dana Pensiun Astra Satu and its participants are all
karyawan yang telah menjadi peserta Dana employees who were participants of Dana Pensiun
Pensiun Astra sebelum dan pada tanggal Astra before and on 20 April 1992. A defined
20 April 1992. Program imbalan pasti merupakan benefit pension plan is a pension plan that defines
program pensiun yang menetapkan jumlah imbalan the amount of pension benefit that will be received
pensiun yang akan diterima oleh karyawan pada by the employees on retirement by considering
saat pensiun, setelah memperhitungkan faktor- factors such as age, years of service and
faktor, seperti umur, masa kerja dan jumlah compensation.
kompensasi.
Program pensiun iuran pasti dikelola oleh Dana The defined contribution pension plan is managed
Pensiun Astra Dua dan pesertanya adalah by Dana Pensiun Astra Dua and its participants are
karyawan yang menjadi peserta Dana Pensiun all employees who became participants of Dana
Astra sesudah tanggal 20 April 1992. Pensiun Astra after 20 April 1992.
Kewajiban imbalan kerja dihitung oleh PT Milliman The employee benefits obligations are calculated
Indonesia, aktuaris independen, dalam laporan by PT Milliman Indonesia, an independent actuary,
tertanggal 15 Januari 2021 (2019: 16 Januari in its report dated 15 January 2021 (2019:
2020). 16 January 2020).
Asumsi aktuarial pokok yang digunakan adalah The principal actuarial assumptions used were as
sebagai berikut: follows:
2020 2019
Usia pensiun normal 55 tahun/years 55 tahun/years Normal pension age

Tingkat diskonto 6,5% - 8% 7,5% - 8,5% Discount rate
Tingkat kenaikan gaji masa datang 6,5% 7% Future salary increases
Tabel mortalitas TMI IV 2019 TMI III 2011 Mortality table
Kewajiban imbalan kerja yang diakui dalam The employee benefits obligations recognised in
laporan posisi keuangan konsolidasian adalah the consolidated statements of financial position
2020 2019
Imbalan pensiun dan imbalan Pension benefits and other

pascakerja lainnya 605,128 556,700 post-employment benefits
Imbalan kerja jangka panjang Other long-term employee
lainnya 222,551 189,721 benefits

Bagian jangka pendek (90,300) (95,077) Current portion
Bagian jangka panjang 737,379 651,344 Non-current portion
Imbalan pensiun dan imbalan pascakerja Pension benefits and other post-employment
lainnya benefits
Kewajiban yang diakui adalah sebagai berikut: The employee benefits obligations are as follows:
2020 2019
Nilai kini kewajiban 607,600 558,954 Present value of obligations

Nilai wajar aset program (2,472) (2,254) Fair value of plan assets
605,128 556,700


lain) stated)
20. KEWAJIBAN IMBALAN KERJA (lanjutan) 20. EMPLOYEE BENEFITS OBLIGATIONS

(continued)
lainnya (lanjutan) benefits (continued)
Mutasi kewajiban adalah sebagai berikut: The movements of the obligations are as follows:
2020 2019

Biaya jasa kini 59,110 69,088 Current service cost
Biaya bunga 42,272 37,777 Interest cost
Hasil aset program yang Expected return on
diharapkan (174) (212) plan assets
Imbalan dan iuran yang dibayarkan (47,116) (40,977) Contributions and benefits paid
Biaya jasa lalu (9,365) (7,797) Past service cost
Pengukuran kembali: Remeasurement:
Imbal atas hasil aset program, Return on plan asset,
tidak termasuk excluding amounts
jumlah dalam included in interest
penghasilan bunga 96 46 income
Perubahan dalam asumsi Change in financial
keuangan (2,297) 40,383 assumptions
Perubahan dalam asumsi Change in demographic
demografi (1,235) (5,234) assumptions
Penyesuaian pengalaman Experience adjustment
kewajiban 7,137 (14,390) on obligations

Mutasi nilai kini kewajiban adalah sebagai berikut: The movements in the presents value of obligation
are as follows:
2020 2019

Kontribusi dan imbalan yang dibayar (46,976) (42,107) Contributions and benefit paid
Kerugian aktuarial 3,605 20,759 Actuarial loss
Mutasi nilai wajar aset program adalah sebagai The movements in the fair value of plan assets are
berikut: as follows:
2020 2019

Hasil aset program yang diharapkan 174 212 Expected return on plan assets
Kontribusi dan imbalan yang dibayar 140 (1,130) Contributions and benefit paid
Kerugian aktuarial (96) (46) Actuarial loss


lain) stated)

(continued)
Hasil aktual aset program pensiun manfaat pasti The actual return on plan assets of the defined
adalah Rp 78 juta (2019: Rp 166 juta). benefit pension plan was Rp 78 million
(2019: Rp 166 million).
Aset program terdiri dari: Plan assets comprise the following:
Investasi/Investment
2020 2019
Instrumen ekuitas 811 32.80% 699 31.00% Equity instrument
Instrumen utang 1,501 60.70% 1,393 61.80% Debt instruments
Lain-lain 160 6.50% 162 7.20% Others
2,472 100.00% 2,254 100.00%
Durasi rata-rata tertimbang dari liabilitas program The weighted average duration of the defined
pensiun imbalan pasti pada tanggal 31 Desember benefit pension obligation at 31 December 2020 is
2020 adalah 13 tahun (2019: 13 tahun). 13 years (2019: 13 years).
Kontribusi yang diharapkan untuk program imbalan Expected contributions to post-employment benefit
pascakerja untuk tahun yang berakhir pada plans for the year ending 31 December 2021 are nil
31 Desember 2021 adalah sebesar nihil (2019: Rp 101 million for the year ending
(2019: Rp 101 juta untuk tahun yang berakhir pada 31 December 2020).
31 Desember 2020).
Analisis jatuh tempo yang diharapkan dari manfaat Expected maturity analysis of undiscounted
pensiun tidak didiskontokan adalah sebagai pension benefits are as follows:
berikut:
2020 2019
Kurang dari satu tahun 38,270 37,326 Less than a year
Antara satu dan dua tahun 32,510 31,272 Between one and two years
Antara dua dan lima tahun 215,837 150,672 Between two and five years
Lebih dari lima tahun 5,236,565 5,981,093 Beyond five years
5,523,182 6,200,363
Sensitivitas liabilitas pensiun imbalan pasti untuk The sensitivity of the defined benefit pension
perubahan asumsi aktuarial pokok adalah sebagai obligation to changes in the principal actuarial
berikut: assumptions are as follows:
Dampak pada kewajiban imbalan pasti/
Impact on defined benefit obligation
Perubahan asumsi/ Kenaikan asumsi/ Penurunan asumsi/
Change in assumption Increase in assumption Decrease in assumption
2020 2020
Tingkat diskonto 1% (90,712) 107,400 Discount rate
Tingkat kenaikan gaji Future salary
di masa datang 1% 118,999 (101,640) increases
2019 2019
Tingkat diskonto 1% (85,786) 103,214 Discount rate
Tingkat kenaikan gaji Future salary
di masa datang 1% 114,331 (96,021) increases


lain) stated)

(continued)
Analisa sensitivitas diatas didasarkan pada The above sensitivity analysis is based on a
perubahan atas satu asumsi aktuarial dimana change in an assumption while holding all other
semua asumsi lainnya dianggap konstan. Dalam assumptions constant. In practice, this is unlikely
prakteknya, hal ini jarang terjadi dan perubahan to occur, and changes in some of the assumptions
beberapa asumsi mungkin saling berkorelasi. may be correlated. When calculating the sensitivity
Dalam perhitungan sensitivitas liabilitas pensiun of the difined benefit pension obligation to
imbalan pasti atas asumsi aktuarial utama, metode significant actuarial assumptions, the same
yang sama (perhitungan nilai kini liabilitas pensiun method (present value of the defined benefit
imbalan pasti dengan menggunakan metode pension obligation calculated with the projected
projected unit credit pada akhir periode pelaporan) unit credit method at the end of the reporting
telah diterapkan seperti dalam perhitungan period) has been applied when calculating the
liabilitas pensiun yang diakui dalam laporan posisi pension liability recognised within the consolidated
keuangan konsolidasian. statements of financial position.
Mutasi kewajiban adalah sebagai berikut: The movements of the obligations are as follows:
2020 2019

Imbalan dan iuran yang dibayarkan (53,047) (42,229) Contributions and benefits paid
Kerugian/(keuntungan) aktuarial Net actuarial loss/(gain)
bersih diakui di tahun berjalan 18,475 (49,325) recognised during the year
21. MODAL SAHAM 21. SHARE CAPITAL
2020 dan/and 2019

Jumlah Persentase
saham/ kepemilikan/
Number of Percentage of Jumlah/
Pemegang saham shares ownership Amount Shareholders
PT Astra International Tbk. 1,533,682,440 79.68% 766,841 PT Astra International Tbk.

Masyarakat 391,005,893 20.32% 195,503 Public
1,924,688,333 100.00% 962,344
Merupakan modal saham biasa dengan nilai Represents common share capital with par value
nominal Rp 500 (Rupiah penuh). Modal dasar of Rp 500 (full amount). Authorised capital is
sebanyak 4.000.000.000 saham dimana modal 4,000,000,000 shares in which issued and fully
ditempatkan dan disetor penuh sebanyak paid capital are 1,924,688,333 shares.
1.924.688.333 saham.


lain) stated)
22. TAMBAHAN MODAL DISETOR 22. ADDITIONAL PAID-IN CAPITAL
2020 2019
Agio saham Shares premium

Penawaran umum terbatas I 3,823,131 3,823,131 Limited public offering I
Penawaran saham perdana 132,090 132,090 Initial public offering
Biaya emisi saham, bersih (31,729) (31,729) Share issuance costs, net
Opsi kepemilikan saham oleh Employee stock options
karyawan yang dieksekusi 47,464 47,464 exercised
Kapitalisasi ke modal saham (125,800) (125,800) Capitalisation to share capital
3,845,156 3,845,156
Akumulasi beban kompensasi Accumulated compensation cost
karyawan berbasis saham 33,712 33,712 of employee stock options
Difference in value of restructuring
Selisih nilai transaksi restrukturisasi transactions among entities
antar entitas sepengendali (3,173) (3,173) under common control
Selisih transaksi perubahan Difference in equity
ekuitas entitas anak 3,300 3,300 transactions of subsidiary
3,878,995 3,878,995
23. KOMPONEN EKUITAS LAINNYA 23. OTHER COMPONENTS OF EQUITY
2020 2019
Lindung nilai arus kas (552,360) (130,622) Cash flow hedges

Selisih transaksi dengan Difference from transactions
pihak nonpengendali (33,444) (33,444) with non-controlling parties
(585,804) (164,066)
24. KEPENTINGAN NONPENGENDALI 24. NON-CONTROLLING INTERESTS
Kepentingan nonpengendali atas ekuitas entitas Non-controling interests in the equity of each
anak yang dikonsolidasi masing-masing tidak consolidated subsidiaries are not material to the
material terhadap laporan keuangan konsolidasian Group’s consolidated financial statements.
Grup.
2020 2019
PT Kimia Tirta Utama 224,898 200,498 PT Kimia Tirta Utama

PT Sari Lembah Subur 99,468 96,969 PT Sari Lembah Subur
PT Sari Aditya Loka 53,882 50,141 PT Sari Aditya Loka
PT Suryaindah Nusantarapagi 29,784 29,004 PT Suryaindah Nusantarapagi
PT Gunung Sejahtera Puti Pesona 26,795 25,000 PT Gunung Sejahtera Puti Pesona
PT Gunung Sejahtera Dua Indah 26,282 23,874 PT Gunung Sejahtera Dua Indah
PT Gunung Sejahtera Yoli Makmur 14,810 14,146 PT Gunung Sejahtera Yoli Makmur
PT Lestari Tani Teladan 11,978 10,468 PT Lestari Tani Teladan
PT Persadabina Nusantaraabadi 7,404 7,274 PT Persadabina Nusantaraabadi
495,301 457,374


lain) stated)
25. SALDO LABA 25. RETAINED EARNINGS
Berdasarkan Undang-undang Perseroan Terbatas Under the Indonesian Limited Liability Law, a
Indonesia, perusahaan diharuskan untuk membuat company is required to set up a statutory reserve
penyisihan cadangan wajib hingga sekurang- amounting to at least 20% of the company’s issued
kurangnya 20% dari jumlah modal yang and paid up capital.
ditempatkan dan disetor penuh.
Saldo laba dicadangkan Perusahaan adalah The balance of the appropriated retained earnings
sebesar 20% dari modal yang ditempatkan dan of the Company is 20% of the Company’s issued
disetor penuh oleh Perusahaan. and paid up capital.
26. DIVIDEN 26. DIVIDENDS
Berdasarkan Keputusan Rapat Direksi yang telah Based on the Director’s Meeting’s decision which
memperoleh persetujuan Dewan Komisaris pada was approved by the Board of Commisioners on
tanggal 29 September 2020 diputuskan untuk 29 September 2020, it was decided to distribute
membagikan dividen kas interim atas laba tahun interim cash dividends from the 2020 profit of
buku 2020 sebesar Rp 80.837 juta atau Rp 42 Rp 80,837 million or Rp 42 (full amount) per share
(Rupiah penuh) per saham kepada pemegang to the shareholders registered as at 9 October
saham yang tercatat pada tanggal 9 Oktober 2020. 2020.
Dalam Rapat Umum Tahunan Pemegang Saham In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 10 Juni 2020, on 10 June 2020, the shareholders approved the
pemegang saham menyetujui pembagian dividen distribution of cash dividends from the 2019 profit
kas atas laba tahun buku 2019 sebesar of Rp 94,309 million or Rp 49 (full amount) per
Rp 94.309 juta atau Rp 49 (Rupiah penuh) per share to the shareholders registered as at
saham kepada pemegang saham yang tercatat 22 June 2020.
pada tanggal 22 Juni 2020.
Dalam Rapat Umum Tahunan Pemegang Saham In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 15 April 2019, on 15 April 2019, the shareholders approved the
pemegang saham menyetujui pembagian dividen distribution of cash dividends from the 2018 profit
kas atas laba tahun buku 2018 sebesar of Rp 646,695 million or Rp 336 (full amount) per
Rp 646.695 juta atau Rp 336 (Rupiah penuh) per share to the shareholders registered as at
saham kepada pemegang saham yang tercatat 26 April 2019. These dividends included the
pada tanggal 26 April 2019. Dari jumlah dividen distribution of interim cash dividends of
tersebut, termasuk di dalamnya pembagian dividen Rp 215,565 million or Rp 112 (full amount) per
kas interim sebesar Rp 215.565 juta atau share to the shareholders registered as at
Rp 112 (Rupiah penuh) per saham kepada 9 October 2018 which have been decided by the
pemegang saham yang tercatat pada tanggal Directors’ Meeting and approved by the Board of
9 Oktober 2018, yang telah diputuskan oleh Rapat Commissioners on 27 September 2018.
Direksi dan disetujui oleh Dewan Komisaris pada
tanggal 27 September 2018.


lain) stated)
27. INFORMASI SEGMEN OPERASI 27. OPERATING SEGMENT INFORMATION

Pada dasarnya Grup bergerak dalam satu segmen The Group principally operates in one operating
operasi yaitu usaha kelapa sawit. Berikut ini adalah segment which is palm oil business. Below is the
informasi tambahan sehubungan dengan operasi additional information regarding the operation of
Grup berdasarkan wilayah geografis: the Group based on geographical area:
Pendapatan bersih/ Laba bruto/ Laba periode berjalan/ Total aset/
Net revenue Gross profit Profit for the period Total assets
2020 2019 2020 2019 2020 2019 2020 2019
Sumatera 8,656,273 7,672,615 1,080,179 719,070 274,978 197,551 7,437,199 7,033,785 Sumatera
Kalimantan 7,336,759 6,976,948 1,241,941 879,936 254,666 (301,336) 15,222,244 15,434,951 Kalimantan
Sulawesi 10,037,296 9,421,757 620,651 532,446 74,322 147,417 8,236,930 7,081,263 Sulawesi
26,030,328 24,071,320 2,942,771 2,131,452 603,966 43,632 30,896,373 29,549,999

Kantor pusat Head office
dan lainnya 3,354 4,727 (3,590) (2,413) (51,414) 33,456 1,881,557 1,469,265 and other
Eliminasi (7,226,639) (6,623,311) 23,710 15,467 341,227 166,541 (4,996,699) (4,045,140) Eliminations
18,807,043 17,452,736 2,962,891 2,144,506 893,779 243,629 27,781,231 26,974,124
28. PENDAPATAN BERSIH 28. NET REVENUE

Rincian pendapatan berdasarkan produk: Detail of revenue based on product:
2020 2019
Minyak sawit mentah dan turunannya 17,371,270 15,934,584 Crude palm oil and its derivatives
Inti sawit dan turunannya 1,308,640 1,350,424 Palm kernel and its derivatives
Lainnya 127,133 167,728 Others
18,807,043 17,452,736
Rincian pendapatan dari satu pelanggan yang Detail of revenue from a customer exceeding 10%
melebihi 10% dari pendapatan bersih: of net revenue:
2020 2019

Bunge Asia Pte., Ltd. 1,883,956 10.02% 1,622,078 9.29% Bunge Asia Pte., Ltd.
Lain-lain (masing-masing < 10%) 11,163,855 59.36% 10,313,689 59.10% Others (each < 10%)
13,047,811 69.38% 11,935,767 68.39%

(lihat Catatan 6b) 5,759,232 30.62% 5,516,969 31.61% (see Note 6b)
18,807,043 100.00% 17,452,736 100.00%


lain) stated)
29. BEBAN POKOK PENDAPATAN 29. COST OF REVENUE
2020 2019
Beban produksi berdasarkan sifat: Cost of production by nature:

Penggunaan bahan baku Raw materials used and
dan biaya pengolahan 11,232,863 9,838,658 processing costs
Biaya panen dan Harvesting and
pemeliharaan 2,805,692 2,988,049 maintenance costs
Penyusutan 1,083,008 1,119,560 Depreciation
Perawatan infrastruktur Infrastructure maintenance
dan peralatan kerja 400,061 493,010 and tools/parts
Gaji dan kesejahteraan karyawan 321,357 325,094 Salaries and employee benefits
Perbaikan dan perawatan pabrik 217,116 232,112 Factory repair and maintenance
Jumlah beban produksi 16,186,988 15,131,738 Total production costs
Persediaan barang jadi: Finished goods:

Awal 1,069,747 1,246,239 Beginning
Akhir (1,412,583) (1,069,747) Ending
15,844,152 15,308,230
Tidak ada pembelian dari satu pemasok pihak No purchases from a third party and a related party
ketiga maupun satu pihak berelasi yang melebihi supplier exceeding 10% of net revenue.
10% dari pendapatan bersih.
30. BEBAN USAHA 30. OPERATING EXPENSES
2020 2019
Beban umum dan administrasi General and administrative expenses

Rincian berdasarkan sifat: Details by nature:
Gaji dan kesejahteraan karyawan 227,801 241,889 Salaries and employee benefits
Penyusutan 151,368 146,421 Depreciation
Beban pajak 108,429 77,281 Tax expense
Pengembangan lingkungan sosial 71,632 74,385 Community development
Keselamatan dan lingkungan kerja 49,518 50,679 Safety and environment
Overhead kantor 29,725 30,608 Office overhead
Honorarium tenaga ahli 29,376 31,351 Professional fees
Pelatihan dan rekrutmen 17,139 36,839 Training and recruitment
Riset dan pengembangan 11,443 11,713 Research and development
Perjalanan dinas 3,466 15,961 Business travelling
Ekspedisi 1,422 2,208 Expedition
704,009 723,359
Beban penjualan 416,725 460,839 Selling expenses
Terutama merupakan beban pengiriman dan Mainly represent freight and delivery charges.
ongkos angkut.


lain) stated)
31. BIAYA PENDANAAN 31. FINANCE COST
2020 2019
Bunga pinjaman bank 392,795 338,329 Interest of bank loans

Komitmen fasilitas bank 24,075 12,008 Commitment of bank facility
Lain-lain 1,420 - Others
418,290 350,337
32. PENGHASILAN BUNGA 32. INTEREST INCOME
2020 2019
Deposito berjangka 28,950 1,112 Time deposits

Piutang jangka panjang 17,760 26,590 Long-term receivables
Jasa giro 4,292 2,512 Current accounts
51,002 30,214
33. LAIN-LAIN, BERSIH 33. OTHERS, NET
2020 2019
Pendapatan lain-lain, terdiri dari: Other income, are as follows:

Pendapatan kerjasama Income from cooperation of
program plasma 188,969 122,616 plasma program
Keuntungan atas perubahan Gain from changes in
nilai wajar aset biologis 34,400 68,057 fair value of biological assets
Pendapatan klaim 15,424 14,294 Claim income
Pendapatan cangkang Income from
kelapa sawit 12,215 55,329 oil palm shell
Pendapatan barang bekas 6,342 8,450 Scrap sales income
Pengembalian iuran pensiun 4,485 4,077 Pension contribution refund
Pendapatan sewa 1,284 2,721 Rental income
265,679 281,007
Beban lain-lain, terdiri dari: Other expenses, are as follows:

Kerugian atas kontrak Loss from forward
komoditas berjangka (340,362) (3,186) commodity contracts
Penyisihan penurunan nilai Provision of assets impairment
dan penghapusan aset (50,935) (197,001) and disposals
Lain-lain (8,127) (19,594) Others
(399,424) (219,781)
(133,745) 61,226


lain) stated)
33. LAIN-LAIN, BERSIH (lanjutan) 33. OTHERS, NET (continued)
Beban penyisihan penurunan nilai aset pada tahun Provisions of assets impairment in 2020 and 2019
2020 dan 2019 sehubungan dengan skala dan nilai are related to economic scale and value of
ekonomis bisnis sapi dan perkebunan karet. livestocks and rubber plantation businesses. The
Penyisihan aset bisnis sapi dilakukan berdasarkan provision of livestocks business was determined
pendekatan nilai wajar dikurangi biaya untuk based on fair value less cost to sell approach, and
menjual dengan menggunakan asumsi utama, depends on the key assumptions, such as: selling
termasuk harga jual, kondisi fisik, alternatif price, physical condition, alternative use of related
penggunaan aset terkait (lihat Catatan 13) dan assets (see Note 13), and the provision of rubber
penyisihan perkebunan karet dilakukan plantation was made based on discounted cash
berdasarkan pendekatan diskonto arus kas flow approach (see Note 12).
(lihat Catatan 12).
34. LABA PER SAHAM 34. EARNINGS PER SHARE
2020 2019
Laba yang dapat diatribusikan Profit attributable to

kepada pemilik Perusahaan 833,090 211,117 owners of the Company
Rata-rata tertimbang jumlah Weighted average number of

saham biasa yang beredar ordinary shares outstanding
(lembar saham) 1,924,688,333 1,924,688,333 (number of shares)
Laba per saham dasar/dilusian Basic/diluted earnings per share

(Rupiah penuh) 432.84 109.69 (full amount)
Grup tidak memiliki efek berpotensi saham yang The Group did not have any dilutive potential
bersifat dilutif sehingga tidak ada dampak dilusian shares, as such, there was no dilutive impact to the
pada perhitungan laba per saham. calculation of earnings per share.


lain) stated)
35. ASET DAN LIABILITAS MONETER DALAM 35. MONETARY ASSETS AND LIABILITIES IN
MATA UANG ASING FOREIGN CURRENCIES
Saldo utama atas aset dan liabilitas moneter dalam The main balance of monetary assets and
mata uang asing adalah dolar AS, sedangkan liabilities denominated in foreign currency is
saldo mata uang asing lainnya disajikan dalam US dollar, while other foreign currencies balance
jumlah yang setara dengan dolar AS. are presented as US dollar equivalent.
Mata uang Mata uang
asing lainnya/ asing lainnya/
Dolar AS/ Other foreign Dolar AS/ Other foreign Setara Rupiah/
US Dollars currencies US Dollars currencies Rupiah equivalent
(dalam ribuan/in thousands) (dalam ribuan/in thousands) (dalam jutaan/in millions)
2020 2019 2020 2019
Aset moneter Monetary assets

Cash and cash
Kas dan setara kas 33,811 15 22,502 15 477,116 313,002 equivalents
Piutang usaha 54,892 - 25,669 - 774,257 356,829 Trade receivables
Piutang Long-term
jangka panjang 32,362 - 32,362 - 456,462 449,861 receivables
Piutang lain-lain 40,239 - 25,848 - 567,570 359,318 Other receivables
161,304 15 106,381 15 2,275,405 1,479,010
Liabilitas moneter Monetary liabilities
Utang usaha dan Trade payables and
liabilitas lain-lain (188) (6) (502) (5) (2,726) (7,056) other liabilities
Pinjaman bank Long-term
jangka panjang (400,000) - (400,000) - (5,642,000) (5,560,404) bank loans
(400,188) (6) (400,502) (5) (5,644,726) (5,567,460)
Liabilitas yang
dilindung nilai 400,000 - 400,000 - 5,642,000 5,560,404 Liabilities hedged
Jumlah aset Total net monetary

moneter bersih 161,116 9 105,879 10 2,272,679 1,471,954 assets
Apabila kurs mata uang asing aset moneter bersih If the foreign exchange rate of the net monetary
pada tanggal 31 Desember 2020 menguat/ assets as at 31 December 2020 had strengthened/
melemah sebesar 10% terhadap Rupiah dengan weakened by 10% against Rupiah with all other
asumsi variabel lainnya tidak mengalami variables held constant, the profit after tax of the
perubahan, maka laba setelah pajak Grup akan Group would increase/decrease by Rp 177,268
naik/turun sebesar Rp 177.268 juta (2019: million (2019: Rp 110,397 million).
Rp 110.397 juta).
36. KOMITMEN 36. COMMITMENTS
Komitmen untuk perolehan aset tetap Commitments for acquisition of fixed assets
Jumlah komitmen untuk perolehan aset tetap Commitments for acquisition of fixed assets were
sebesar Rp 55 miliar (2019: Rp 106 miliar). Rp 55 billion (2019: Rp 106 billion).


lain) stated)
37. MANAJEMEN RISIKO KEUANGAN 37. FINANCIAL RISK MANAGEMENT
Risiko keuangan Financial risks
Aktivitas Grup menghadapi berbagai macam risiko The Group’s activities are exposed to certain
keuangan, terutama: risiko nilai tukar mata uang financial risks, mainly: foreign exchange rate and
asing dan risiko fluktuasi harga CPO. fluctuation of CPO price risks.
Sebagian besar bisnis Grup bergantung pada Majority of the Group’s business depends on the
kondisi pasar komoditas CPO dan untuk CPO market condition and to support its financial
mendukung stabilitas keuangan operasional, Grup stability, the Group adopts a policy to minimise the
mengambil kebijakan yang sedapat mungkin impact of the financial risks through the hedge of
meminimalisasi dampak risiko keuangan melalui commodity price associated with some future sales
lindung nilai harga komoditas atas sebagian contracts if deemed necessary.
kontrak penjualan yang akan datang jika
dipandang perlu.
Melalui pendekatan yang terkoordinasi, Grup Through a coordinated approach, the Group
menerapkan sistem penerimaan kas di depan atas implements a system of cash received in advance
penjualan produk utamanya kepada pihak ketiga for the sales of its main products to domestic third
domestik, melakukan lindung nilai tukar mata uang parties, hedging of foreign exchange rate arising
asing atas kontrak penjualan ekspor dan kebijakan from export sales contracts and financial planning
perencanaan keuangan yaitu pengelolaan policies such as managing cash receipts in foreign
penerimaan dalam mata uang asing disesuaikan currency based on operational needs and balance
dengan kebutuhan operasional dan saldo liabilitas of monetary liabilities in foreign currency.
moneter dalam mata uang asing.
Pengelolaan risiko likuiditas dilakukan antara lain The liquidity risk management includes managing
dengan memonitor profil jatuh tempo pinjaman dan the profile of loans maturities and funding sources,
sumber pendanaan, menjaga saldo kecukupan kas maintaining sufficient cash and cash equivalents,
dan setara kas serta memastikan tersedianya and ensuring the availability of funding from
pendanaan dari sejumlah fasilitas kredit yang ada existing credit facilities and the ability to face the
dan kesiapan untuk menghadapi perubahan pasar. market changes.
Tidak terdapat konsentrasi risiko kredit signifikan There is no concentration of significant credit risk
sehubungan penjualan produk utamanya karena in relation with its sales of main products as the
Grup menerapkan sistem penerimaan dimuka atas Group implements a system of cash received in
penjualan domestik pihak ketiga, sedangkan nilai advance for third parties domestic sales, whilst the
penjualan ekspor pihak ketiga penerimaan kasnya cash receipt from third parties export sales is less
kurang dari satu bulan. than one month.
Nilai eksposur maksimal risiko kredit tercermin The maximum exposure of credit risk is reflected in
pada setiap aset keuangan yang tercatat pada each financial asset recorded in the consolidated
laporan posisi keuangan konsolidasian. statements of financial position.
Seluruh piutang dilakukan evaluasi secara periodik All receivables are evaluated periodically in which
sehingga dapat diantisipasi kolektibilitasnya. the collectibility can be anticipated.
Manajemen berkeyakinan bahwa penyisihan Management believes that the provision for
penurunan nilai piutang memadai untuk menutup impairment of receivables is adequate to cover
kerugian dari piutang yang tak tertagih. losses from uncollectible receivables.


lain) stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Risiko keuangan (lanjutan) Financial risks (continued)
Profil jatuh tempo pinjaman jangka panjang yang The maturity profile for long-term borrowings which
ditarik pada 6 Oktober 2017 dan 30 Agustus 2019 drawn down on 6 October 2017 and 30 August
adalah 60 bulan sejak tanggal penarikan dengan 2019 are due in 60 months from drawn down date
pembayaran bunga triwulanan dan untuk utang and have quarterly interest payments and for trade
usaha adalah berkisar 14 hari sampai dengan 45 payables it is in the range of 14 days to 45 days.
hari.
Dari total pinjaman Grup, sebesar Rp 5.624 miliar Of the Group’s bank loans, amounting to Rp 5,624
(2019: Rp 5.535 miliar) telah dilindung nilai billion (2019: Rp 5,535 billion) had been hedged
menjadi tingkat suku bunga tetap, sedangkan into fixed interest rate, whilst the remaining Rp nil
sisanya sebesar Rp nihil (2019: Rp 150 miliar) (2019: Rp 150 billion) are floating interest rates
merupakan pinjaman dengan tingkat suku bunga borrowings and are exposed to interest rate
mengambang dan terekspos atas perubahan changes.
tingkat suku bunga.
Jumlah nosional atas transaksi kontrak berjangka The notional amount of forward commodity
komoditas di bursa Malaysia sebesar RM 523 juta contracts traded on the Malaysian derivative
(2019: RM 566 juta) dengan jadwal penyelesaian exchange amounted to MYR 523 million
selambat-lambatnya pada Pebruari 2021 - Juli (2019: MYR 566 million) with settlement schedule
2021 (2019: Januari 2020 - Maret 2020), at the latest on February 2021 - July 2021
berdampak nilai wajar sebesar Rp 323.578 juta (2019: January 2020 - March 2020), resulted a fair
(2019: Rp 62.154 juta) yang diukur berdasarkan value effect amounted to Rp 323,578 million (2019:
harga kuotasian (hirarki nilai wajar Tingkat 1) dan Rp 62,154 million) which measured based on
disajikan sebagai liabilitas lain-lain. quoted price (fair value hierarchy Level 1) and
presented as other liabilities.
Sesuai kondisi saat ini, Grup mengelola risiko Based on current condition, Group manages the
fluktuasi suku bunga pasar dan selisih kurs melalui fluctuation of market interest rate and foreign
pertimbangan penggunaan fasilitas kredit dalam exchange risk through considering the usage of
bentuk Rupiah, melakukan lindung nilai atas credit facilities in Rupiah, hedge the club loan
fluktuasi suku bunga pembiayaan pinjaman financing interest rate and principle exchange rate
bersama dan nilai tukar pokok pinjaman serta fluctuation, and actively seeks for a competitive
secara aktif mencari biaya modal yang lebih cost of capital.
kompetitif.
Pada tanggal 31 Desember 2019, apabila tingkat As at 31 December 2019, if borrowings interest
suku bunga pinjaman lebih tinggi/lebih rendah 100 rates had been 100 basis points higher/lower with
basis poin dengan asumsi variabel lainnya tidak all other variables held constant, the Group’s profit
mengalami perubahan, maka laba setelah pajak after tax would decrease/increase by Rp 19 million.
Grup akan turun/naik sebesar Rp 19 juta.
Nilai wajar aset keuangan dan liabilitas keuangan The fair value of financial assets and financial
tidak berbeda signifikan dengan nilai tercatat yang liabilities is not significantly different with the
ada pada laporan posisi keuangan konsolidasian. carrying amount recorded in the consolidated
statements of financial position.


lain) stated)
37. MANAJEMEN RISIKO KEUANGAN (lanjutan) 37. FINANCIAL RISK MANAGEMENT (continued)
Pengelolaan modal Capital management
Dalam mengelola permodalannya, Grup In managing capital, the Group safeguards its
senantiasa mempertahankan kelangsungan usaha ability to continue as a going concern and to
serta memaksimalkan manfaat bagi pemegang maximise benefits to the shareholders and other
saham dan pemangku kepentingan lainnya. stakeholders.
Grup secara aktif dan rutin menelaah dan The Group actively and regularly reviews and
mengelola permodalannya untuk memastikan manages its capital to ensure the optimal capital
struktur modal dan pengembalian yang optimal structure and return to the shareholders, taking
bagi pemegang saham, dengan into consideration the efficiency of capital usage
mempertimbangkan efisiensi penggunaan modal based on operating cash flow and capital
berdasarkan arus kas operasi dan belanja modal, expenditures and also consideration of capital
serta mempertimbangkan kebutuhan modal di needs in the future.
masa yang akan datang.
Grup memonitor modal berdasarkan rasio gearing The Group monitors capital on the basis of the
konsolidasian. Rasio gearing dihitung dengan Group’s consolidated gearing ratio. The gearing
membagi pinjaman bersih dengan kekayaan ratio is calculated as net borrowings divided by
berwujud bersih. capital employed.
Rasio gearing konsolidasian pada tanggal The consolidated gearing ratio as at

31 Desember 2020 dan 2019 adalah sebagai 31 December 2020 and 2019 are as follow:
berikut:
2020 2019
Jumlah pinjaman 5,623,933 5,685,466 Total borrowing

Kas dan setara kas (978,892) (383,366) Cash and cash equivalents
Pinjaman bersih 4,645,041 5,302,100 Net borrowing
Total aset 27,781,231 26,974,124 Total assets

Total liabilitas (8,533,437) (7,995,597) Total liabilities
Goodwill (55,951) (55,951) Goodwill
Kekayaan berwujud bersih 19,191,843 18,922,576 Capital employed
Rasio gearing konsolidasian (%) 24% 28% Consolidated gearing ratio (%)


lain) stated)
38. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 38. CRITICAL ACCOUNTING ESTIMATES AND
YANG PENTING JUDGEMENTS
Masa manfaat dan beban penyusutan atas The useful lives and depreciation expenses of the
tanaman produktif dan aset tetap ditentukan bearer plants and fixed assets are determined
berdasarkan estimasi, dimana beban penyusutan based on estimates, whereas the depreciation
akan disesuaikan jika masa manfaatnya berbeda expenses will be revised if the useful lives are
dari estimasi sebelumnya atau jika aset different from those previously estimated or in case
dihapusbukukan atau dilakukan penurunan nilai the assets are written off or are impaired due to
karena usang atau dihentikan penggunaannya. obsolence or retirement.
Perhitungan kewajiban imbalan kerja tergantung The calculation of employee benefits obligation
pada sejumlah asumsi aktuaria, seperti: tingkat depends on the actuarial assumptions used, such
pengembalian atas aset program, tingkat diskonto as: return rate of plan assets, discount rate and
dan asumsi penting lainnya yang sebagian some other key assumptions which are based in
berdasarkan kondisi pasar saat ini. part on current market conditions.
Penentuan provisi perpajakan memerlukan Determination of a tax provision needs significant

pertimbangan signifikan, yang mana keputusan judgements, in which the final assessment of the
final atas provisi perpajakan tersebut bisa berbeda tax provision could differ from the carrying amount.
dari jumlah yang tercatat. Adapun pengakuan aset Whilst the recognition of deferred tax assets
pajak tangguhan tergantung pada harapan dan depends on the expectation and estimates of
estimasi terhadap tersedianya laba kena pajak availability of future taxable income.
masa depan.
Perhitungan perubahan nilai wajar aset biologis The calculation of changes in fair value of
tergantung pada asumsi utama, seperti: harga jual biological assets depends on the key assumptions,
dan jumlah hasil panen yang diestimasi such as: selling price and harvest volume which is
berdasarkan kondisi terkini. estimated based on recent condition.
Perhitungan penyisihan aset nonkeuangan The calculation of provision of non-financial assets

ditentukan berdasarkan nilai yang lebih tinggi is determined based on the higher of fair value
antara nilai wajar dikurangi biaya untuk menjual less cost to sell and value in-use which calculated
dan nilai pakai, yang dihitung berdasarkan asumsi based on the basis assumption of price,
harga, produksi dan tingkat diskonto. production and discount rate.
Grup menilai dengan dasar perkiraan masa yang The group assesses on a forward-looking basis
akan datang atas kerugian kredit ekspektasian the expected credit losses associated with its
terkait dengan instrumen keuangannya yang financial instruments carried at amortised cost.
dicatat pada biaya perolehan diamortisasi. The impairment methodology applied depends on
Metodologi penurunan nilai yang diterapkan whether there has been a significant increase in
tergantung pada apakah telah terjadi peningkatan credit risk. The group applies the simplified
risiko kredit yang signifikan. Grup menerapkan approach permitted by PSAK 71, which requires
pendekatan yang disederhanakan yang diizinkan expected lifetime losses to be recognised from
oleh PSAK 71, yang mensyaratkan kerugian initial recognition of the financial instruments.
sepanjang masa yang diharapkan harus diakui dari
pengakuan awal instrumen keuangan.
Dalam menentukan umur sewa, Grup In determining the lease term, Group considers all
mempertimbangkan beberapa fakta dan keadaan facts and circumstances that create an economic
yang memberikan insentif ekonomi untuk incentive to exercise an extension option.
mengambil opsi perpanjangan. Opsi perpanjangan Extension options are only included in the lease
hanya dimasukkan dalam masa sewa jika secara term if the lease is reasonably certain to be
meyakinkan diperpanjang (atau tidak dibatalkan). extended (or not terminated).
Setiap perubahan dalam asumsi, estimasi dan Any changes in assumptions, estimates and
pertimbangan tersebut diatas, bisa memiliki risiko judgements as stated above, may have significant
signifikan yang berdampak pada penyesuaian risks which expose a material adjustment to the
material terhadap jumlah tercatat aset dan liabilitas carrying amounts of assets and liabilities within the
dalam periode pelaporan berikutnya. next reporting period.


lain) stated)
39. PERISTIWA SETELAH PERIODE PELAPORAN 39. EVENT AFTER REPORTING PERIOD
Pada bulan November 2020, Presiden Republik In November 2020, the President of Republic
Indonesia telah menandatangani pemberlakuan of Indonesia enacted a Job Creation Law
Undang-Undang (UU) Cipta Kerja yang akan that will have a change impact to employee
berdampak pada perubahan nilai kewajiban benefits obligations. However, as at 31 December
imbalan kerja. Akan tetapi, pada tanggal 2020, the Group calculated the employee benefits
31 Desember 2020, Grup melakukan perhitungan obligation based on the law that was in effect
kewajiban imbalan kerja berdasarkan UU yang before Job Creation Law, namely UU
berlaku sebelum UU Cipta Kerja yaitu UU No. 13/2013 due to the fact that the basis
No.13/2003 dikarenakan dasar perhitungan of calculation for employee benefits obligations is
kewajiban imbalan kerja tersebut diatur lebih lanjut further regulated in an implementing regulation
dalam Peraturan Pemerintah (PP) No. 35/2021 "Peraturan Pemerintah" (PP) No. 35/2021,
tentang Perjanjian Kerja Waktu Tertentu, Alih "Perjanjian Kerja Waktu Tertentu, Alih Daya,
Daya, Waktu Kerja, Hubungan Kerja dan Waktu Waktu Kerja, Hubungan Kerja dan Waktu
Istirahat, dan Pemutusan Hubungan Kerja, yang Istirahat, dan Pemutusan Hubungan Kerja" which
diundangkan pada tanggal 16 Pebruari 2021. was enacted on 16 February 2021.
Sampai dengan tanggal penyelesaian laporan Until the completion date of these consolidated
keuangan konsolidasian ini, Grup masih financial statements, the Group is still getting
mempelajari dampak dari penerapan PP tersebut an understanding of the impact as a result of
serta pengaruhnya pada laporan keuangan the implementation of the PP, and assessing
konsolidasian Grup. the effect on the Group’s consolidated financial
statements.


L A P O R A N TA H U N A N
2020
ANNUAL REPORT

Jl. Puloayang Raya Blok OR-1 Kawasan
Industri Pulogadung Jakarta 13930,
Indonesia
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AALI - Annual Report - 2020

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AALI - Annual Report - 2020

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2020 Annual Report - PT Astra Agro Lestari Tbk 1

2 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

B r i n g in g t h e pa ce o f the or gani z ati on to a s i tuati on

2020 Annual Report - PT Astra Agro Lestari Tbk 3

Pr aw ac an a Kr onologi P e ne r bitan Saham 61

01 IKHTISAR KINERJA UTAMA

02 LAPORAN MANAJEMEN 04 ANALISIS DAN

4 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

2020 Annual Report - PT Astra Agro Lestari Tbk 5

2020 Annual Report - PT Astra Agro Lestari Tbk 7

IKHTISAR KINERJA KEUANGAN

Keterangan 2020 2019 2018 Description

Hasil-hasil Operasional Operational Results

8 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

19.084,4 17.452,7 18.807,0 3.539,5 2.144,5 2.962,8 1.438,5 211,1 833,1

2018 2019 2020 2018 2019 2020 2018 2019 2020

2018 2019 2020 2018 2019 2020 2018 2019 2020

Komposisi Penjualan Berdasarkan Jenis Produk (Rp triliun)

91,3% 2019 8,7 % 92,4% 2020 7,6 %

2020 Annual Report - PT Astra Agro Lestari Tbk 9

IKHTISAR KINERJA SAHAM

14,400 11,200 11,225 55,902,768

Kapitalisasi Pasar Market Capitalization

10 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

IKHTISAR KINERJA OPERASIONAL

Keterangan 2020 2019 2018 Description

Sumatra 104.432 104.258 104.593 Sumatra

2020 Annual Report - PT Astra Agro Lestari Tbk 11

5.756,4 5.020,2 4.632,8 1.936,5 1.653,6 1.429,1 420,9 346,4 302,6

2018 2019 2020 2018 2019 2020 2018 2019 2020

2.266,7 2.345,0 2.026,2 7.275 6.689 8.545

2018 2019 2020 2018 2019 2020

Sumatra Kalimantan Sulawesi

95.684 91,6% 124.403 94,6% 46.833 90,7% 266.920 92,8%

12 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

PERISTIWA PENTING 2020

Januari | January April | April April | April

Oktober | October Oktober | October

Hari Ulang Tahun Astra Agro 32 Tahun InnovAgro XIX

2020 Annual Report - PT Astra Agro Lestari Tbk 13

2020 Annual Report - PT Astra Agro Lestari Tbk 15

CHIEW SIN CHEOK

16 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

LAPORAN DEWAN KOMISARIS

K e ti dakpasti a n p e re konomian global yang

2020 Annual Report - PT Astra Agro Lestari Tbk 17

Para Pemegang Saham yang Terhormat, Dear Shareholders,

Di bu l an De s em b e r 2020, ha r g a C P O m e n c apai De c e mbe r 2020 s aw C P O pr ic e s r e ac h the y ear ’s

Kinerja Operasional dan Keuangan Operational and Financial Perfor mance

18 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

Ke m ar au pan j a ng y a ng t e r ja d i p a d a t a hun 2019 The long-te r m dr ought in 2019 c aus e d a 7 .7 %

Ha r ga j u al r at a- r a t a C P O int e r na t iona l na ik 26,3% Ave r age C P O pr ic e s on the inte r national m arket

De w an Ko m i s ar is m e m b e r ik a n a p r e sia s i k e pada The Boar d of C ommis s ione r s would like to

Tugas Pengawasan Supervisory Function

2020 Annual Report - PT Astra Agro Lestari Tbk 19

De w an Ko m i s a r is jug a m e m a st ik a n bahwa The Boar d of C ommis s ione r s als o e ns ur e d th at

Perubahan Anggota Dewan Komisaris Changes in the Members of the Board of

Nama | Name Jabatan | Position

De n gan du k a ya ng m e nd a la m a t a s b e r p ula ngnya On the e xtr e me ly s ad pas s ing of M r. A ngk y Utar y a

Kebijakan Keberlanjutan Sustainability Policy

20 Laporan Tahunan 2020 - PT Astra Agro Lestari Tbk

Da l am k ebi j ak a n b e r k e la njut a n, P e r se r oan The C ompany c ons is te ntly imple me nt its