REMUNERATION FOR BOC AND BOD

PT KERETA API INDONESIA PERSERO LAPORAN TAHUNAN 2013 265 Supporting Business Report Business Prospects and Corporate Strategy Analysis Managerial Discussion dibagi untuk Direktur Utama, Anggota Direksi, Komisaris Utama, Anggota Dewan Komisaris, masing-masing 100, 90, 40, 36 dan dibagikan secara proporsional sesuai dengan masa bakti yang bersangkutan pada Tahun 2012. Pajak penghasilan atas tantiem dibebankan kepada penerima dan tidak boleh dibebankan sebagai biaya Perseroan. Remunerasi Dewan Komisaris Tahun 2013 divided for the Managing Director, Member of the Board of Directors, Chairman and Member of the Board of Commissioners, respectively 100, 90, 40, 36 and distributed proportionally in accordance with the relevant service period in 2012. Income taxes on the incentives were charged to the recipient and should not be charged as an expense of the Company. Remuneration for BOC in 2013. Nama THP Bulanan THP Setahun Tunjangan Per Tahun Total THP dan Tunjangan Setahun THR 2013 Tantiem 2013 Kinerja 2012 Jumlah Setahun Name THP Monthly Thp Yearly Allowance Per Year Total Thp And Allowance A Year THR 2013 Total 1 2 3 4 5 = 4 + 3 6 7 8 = 5 + 6 + 7 Iman Haryatna 40.000.000 480.000.000 96.000.000 576.000.000 40.000.000 280.280.280 896.280.280 Abi Kusno 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 252.252.252 806.652.252 Umiyatun Hayati Triastuti 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 147.147.147 701.547.147 Ashwin Sasongko S. 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 252.252.252 806.652.252 Muchtar Arifin 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 554.400.000 Leon Muhamad 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 554.400.000 Hambra 36.000.000 432.000.000 86.400.000 518.400.000 36.000.000 554.400.000 JUMLAH 256.000.000 3.072.000.000 614.400.000 3.686.400.000 256.000.000 931.931.931 4.874.331.931 TOTAL 256.000.000 3.072.000.000 614.400.000 3.686.400.000 256.000.000 931.931.931 4.874.331.931 Incentive 2013 Performance 2012 Bergabung Februari 2013 Bergabung Agustus 2013 Bergabung Desember 2013 served since February 2013 served since August 2013 served December 2013 PT KERETA API INDONESIA PERSERO 2013 ANNUAL REPORT www.kereta-api.co.id 266 3. Struktur Remunerasi Dewan Direksi Tahun 2013 Berdasarkan Keputusan RUPS No. RIS–38D3.MBU2013 tentang Persetujuan atas Laporan Tahunan dan Pengesahan atas Laporan Keuangan Tahun Buku 2012 tanggal 8 Mei 2013, disebutkan bahwa honorarium Dewan Direksi untuk tahun 2013 adalah:

a. Gaji Direktur Utama:

Rp 100.000.000 per bulan

b. Gaji Direktur:

90 gaji Direktur Utama atau Rp 90.000.000 Sama halnya dengan Dewan Komisaris, tunjangan dan fasilitas Direksi juga sama dengan tunjangan dan fasilitas pada tahun 2012. Sementara untuk tunjangan dan fasilitas Dewan Komisaris perseroan tahun 2013 sama dengan tunjangan dan fasilitas tahun 2012. Selain itu, Direksi menerima tantiem atas kinerja Perseroan tahun buku 2012 sebesar Rp 10.000.000.000 yang dibagi untuk Direktur Utama, Anggota Direksi, Komisaris Utama, Anggota Dewan Komisaris, masing-masing 100, 90, 40, 36 dan dibagikan secara proporsional sesuai dengan masa bakti yang bersangkutan pada tahun 2012. Pajak penghasilan atas tantiem dibebankan kepada penerima dan tidak boleh dibebankan sebagai biaya Perseroan. Komponen remunerasi Direksi tahun 2013 meliputi:

a. GajiHonorarium

b. Tunjangan-tunjangan meliputi:

1 Tunjangan hari raya keagamaan sebesar satu kali gajihonorarium 2 Tunjangan Pakaian sebesar Rp 10 jutatahun. 3 Tunjangan Perumahan sebesar Rp 228 jutatahun. 4 Tunjangan Transportasi Direktur Utama: Rp 198 jutatahun. 5 Tunjangan Transportasi Direksi: Rp 180 jutatahun. 6 Tunjangan Utility sebesar 30 dari tunjangan Perumahantahun. 7 Asuransi Purna Bakti Dirut: Rp 264 juta. 8. Asuransi Purna Bakti Direksi: Rp 237.6 juta. 3. Remuneration Structure of the Board of Directors in 2013 Under the Decree No. GMS. RIS-38D3.MBU2013 on Approval of the Annual Report and Ratification of the Financial Statements for Fiscal Year 2012 dated May 8, 2013, stated that the honorarium of the Board of Directors for 2013 are:

a. Salary of President Director:

IDR 100,000,000 per month

b. Salary of Director:

90 of the President Directors salary or IDR 90,000,000 Similar to the Board of Commissioners, the benefits and facilities for the Board of Directors also equal to benefits and facilities in 2012. While the benefits and facilities for the BOC in 2013 are the same as their benefits and facilities in 2012. Besides, Board of Directors receive annual incentives based on the performance of the companys fiscal year 2012 amounting to IDR 10,000,000,000 which is divided to President Director, Member of the Board, Chairman and Member of the Board of Commissioners, respectively 100, 90, 40, 36, and proportionally distributed according to each relevant service period in 2012. Income taxes on the incentives were charged to the recipient and should not be charged as an expense of the company. Components of remuneration for the Board of Directors in 2013 include:

a. Salaryhonorarium

b. The benefits include:

1. Religious holiday allowance amounting to one-time salaryhonorarium. 2. Clothing allowance of IDR 10 millionyear. 3. Housing allowance of IDR 228 millionyear. 4. Transportation allowances for President Director: IDR 198 millionyear. 5. Transportation allowances for Directors: IDR 180 millionyear 6. Utility allowances 30 of Housing allowance 7. Insurance of retirement for the President Director: IDR 264 million. 8. Insurance of retirement for Directors: IDR 237,6 million. PT KERETA API INDONESIA PERSERO LAPORAN TAHUNAN 2013 267 Supporting Business Report Business Prospects and Corporate Strategy Analysis Managerial Discussion c. Tantiem tahun 2013 diberikan terpisah dari ketentuan bonus karyawan dan telah dianggarkan dalam RKAP yang pembayarannya ditetapkan RUPS dengan memperhatikan capaian kinerja akhir tahun dengan kriteria: Gajihonorarium serta tunjangan dan fasilitas bagi Direksi dan Dewan Komisaris berlaku efektif sejak tanggal 1 Januari 2013. Remunerasi Direksi PT Kereta Api Indonesia Persero Tahun 2013 Nama THP Bulanan THP Setahun Tunjangan Per Tahun Total THP dan Tunjangan Setahun THR 2013 Tantiem 2013 Kinerja 2012 Jumlah Setahun Name THP Monthly THP Yearly Allowance Per Year Total THP and Allowance a Year THR 2013 Total 1 2 3 4 5 = 4 + 3 6 7 8 = 5 + 6 + 7 Ignasius Jonan 100.000.000 1.200.000.000 504.400.000 1.704.400.000 100.000.000 700.700.701 2.505.100.701 Sulistyo Wimbo Hardjito 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 630.630.631 2.287.030.631 A. Herlianto 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 262.762.763 1.919.162.763 Candra Purnama 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 262.762.763 1.919.162.763 Bambang Eko Martono 90.000.000 1.080.000.000 121.500.000 1.201.500.000 90.000.000 1.291.500.000 Rono Pradipto 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 630.630.631 2.287.030.631 M. Kuncoro Wibowo 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 262.762.763 1.919.162.763 Joko Margono 90.000.000 1.080.000.000 258.400.000 1.338.400.000 90.000.000 1.428.400.000 Edi Sukomoro 90.000.000 1.080.000.000 405.000.000 1.485.000.000 90.000.000 1.575.000.000 Kurniadi Atmosasmito 90.000.000 1.080.000.000 486.400.000 1.566.400.000 90.000.000 630.630.631 2.287.030.631 JUMLAH 19.418.580.883 TOTAL 19.418.580.883 Bergabung mulai September 2013 c. Incentive in 2013 was given apart from the provision of employee bonuses and has been budgeted in the CBP for which the payment were decided in the GMS with regard to the achievement of performance by the end of the year, with the following criteria: Salaryhonorarium and benefits and facilities for the Board of Directors and the Board Commissioners became effective on January 1, 2013. Remuneration of Directors of PT Kereta Api Indonesia Persero in 2013 Tantiem 2013 Performance 2012 Bergabung mulai Februari 2013 Served since Februari 2013 Served since September 2013 PT KERETA API INDONESIA PERSERO 2013 ANNUAL REPORT www.kereta-api.co.id 268 4. Penilaian Kinerja Direksi Pada setiap awal tahun, Direksi wajib membuat kontrak manajemen yang tertuang dalam KPI Key Performance Indicator yang merupakan penjabaran dari RKAP yang disahkan RUPS. Penyusunan KPI mengacu Surat Menteri Negara BUMN No. S-676 MBU2004 tanggal 22 Desember 2004 tentang Penerapan KPI yang bertujuan sebagai alat penilaian bagi Pemegang Saham atas kinerja Direksi sampai dengan akhir tahun. Penilaian KPI Direksi Tahun 2013, dengan indikator penilaian KPI Direksi tahun 2013 meliputi hal-hal sebagai berikut:

a. Indikator Keuangan dan Pasar

Penilaian terhadap hasil-hasil capaian kinerja perusahaan terutama terkait kinerja keuangan dan pasar. Misalnya: profitabilitas, pertumbuhan pendapatan, dan efisiensi biaya.

b. Indikator Pelanggan dan Pasar

Ukuran yang menunjukkan kesungguhan perusahaan dalam meraih, mempertahankan dan memperluas serta menciptakan pasar dan pelanggan

c. Indikator Efektifitas Produk dan Proses

Ukuran yang menunjukkan prestasi perusahaan dalam melakukan penciptaan nilai dari produkjasa, yang diwujudkan dengan perencanaan operasional yang tepat.

d. Indikator Tenaga Kerja

Ukuran yang terkait dengan prestasi nyata perusahaan dalam mewujudkan komposisi SDM yang optimal bagi pencapaian tujuan perusahaan.

e. Indikator Kepemimpinan

Ukuran yang menunjukkan prestasi perusahaan dalam mengendalikan risiko, menjaga dan meningkatkan kompetensi pimpinan, meningkatkan kualitas governance dan pencapaian target direktorat serta tingkat pemenuhan portal-portal BUMN, serta tanggung-jawab dan manfaat kepada masyarakat. 4. Performance Assessment of BOD At the beginning of each year, the Board of Directors shall make a management contract which breakdown into KPIs Key Performance Indicators that are aligned with the CBP adopted by the GMS. Preparation of KPIs refer to Letter of State Minister of SOE No.. S-676MBU2004 dated December 22, 2004 on the Application of KPIs which is intended as a tool for the Shareholders to assess the BOD performance throughout the year. The assessment of Director’s KPI in 2013, with the indicators KPI assessment Directors in 2013 include the following:

a. Financial and market indicators

Assessment of the results of the performance achievement of the company, especiall related to financial and market performance. For instance: profitability, revenue growth, and cost efficiency.

b. Customer and market indicators

Measures that indicate the seriousness of the company to achieve, maintain, expand, and create markets and customers.

c. Indicator of the effectiveness of the product and the process.

Measures that indicate the achievement of the company in the creation of the value of productsservices, which is realized with a proper operational planning.

d. Indicators of labor.

Measurement associated with the company’s tangible achievements in realizing the optimal composition of human resources for the achievement of corporate goals.

e. Indicators of leadership

Measure that indicates the company’s achievements in controlling risk, maintaining and enhancing leadership competencies, improving the quality of governance and the achievement of the directorate target, as well as the degree of fulfillment of State Owned Enterprise-portal, as well as the responsibilities and benefits to society. PT KERETA API INDONESIA PERSERO LAPORAN TAHUNAN 2013 269 Supporting Business Report Business Prospects and Corporate Strategy Analysis Managerial Discussion SKOR KPI TAHUN 2013 KPI SCORES IN 2013 KPI SCORES IN 2012 No Jumlah Indikator Bobot Jumlah Indikator Nilai No Number Of Indicators Weight Number Of Indicators Value A Keuangan dan Pasar Finance and Markets 4 20 19,48 B Fokus Pelanggan Customer focus 3 24 23,32 C Efektifitas Produk dan Proses Product and Process Effectiveness 5 20 16,O8 D Fokus dan Tenaga Kerja Focus and Labor 3 20 19,38 E Kepemimpinan, Tata Kelola dan Tanggung Jawab Kemasyarakatan Leadership, Governance and Social Responsibility 4 18 19,48 JUMLAH 19 100 91,97 TOTAL 19 100 91,97 No Aspek Kpi Jumlah Indikator Bobot Nilai No Number Of Indicators Number Of Indicators Weight Value A Keuangan Finance 5 20 19,97 B Pelanggan Customer 6 20 18,53 C Proses Bisnis Internal Internal Business Process 6 20 15,87 D Pertumbuhan dan Pembelajaran Growth and Learning 4 15 12,33 E Kepemimpinan Leadership 3 4 8,47 F Produk dan Layanan Product and Service 5 4 15 16,21 JUMLAH 29 100 91,38 TOTAL 29 100 91,38 SKOR KPI TAHUN 2012 PT KERETA API INDONESIA PERSERO 2013 ANNUAL REPORT www.kereta-api.co.id 270

G. URAIAN PEMEGANG SAHAM UTAMA DAN PENGENDALI

PT Kereta Api Indonesia persero merupakan salah satu perusahaan BUMN, kepemilikan sahamnya 100 dimiliki oleh Pemerintah Republik Indonesia sebagai pemegang saham utama dan pengendali. Tidak ada Anggota Dewan Direksi maupun, Dewan Komisaris, serta masyarakat yang memiliki saham.

H. ASSESSMENT TERHADAP ANGGOTA DEWAN KOMISARIS DAN DIREKSI

Penerapan asessment PT Kereta Api Indonesia Persero dilakukan setiap dua tahun sekali dengan cara assessment oleh BPKP dan self assessment yang dilakukan oleh pihak internal. Pada tahun 2013 PT KAI Persero hanya melakukan self assessment. Sementara untuk assessment oleh BPKP, telah dilakukan pada tahun 2012.

1. Asesmen Kinerja Dewan Komisaris

a. Proses Asesmen Asesmen Kinerja Dewan Komisaris Dalam pelaksanaan tugasnya Dewan Komisaris berpegang pada aturan Anggaran Dasar, Kementerian BUMN serta Pedoman Tata Kelola Perusahaan. Penilaian kinerja Dewan Komisaris tahun 2013 dilakukan secara self Asesmen dan bersifat kolegial yang dituangkan dalam Laporan Tugas Pengawasan Dewan Komisaris. Pelaksanaan tugas telah direncanakan setiap awal tahun dalam suatu Program Kerja yang tercantum dalam RKAP. Pada akhir tahun, Dewan Komisaris menyusun Laporan Tugas Pengawasan yang akan disampaikan kepada Pemegang Saham dalam RUPS untuk dievaluasi dan disahkan. Sesuai ketentuan Permen BUMN No. PER-01MBU2011 tentang penerapan GCG pada BUMN, pada awal tahun 2013 Dewan Komisaris telah menyampaikan usulan Key Performance Indicator KPI Dewan Komisaris PT KAI Persero kepada Menteri BUMN. b. Asesmen Kinerja Direksi Direksi dalam menjalankan tugas operasionalnya mengacu pada anggaran dasar, Pedoman Tata Kelola, peraturan yang diterbitkan pemegang saham

G. DESCRIPTION OF MAJOR SHAREHOLDERS AND CONTROLLERS

PT Kereta Api Indonesia Persero is a state owned enterprise, 100 ownership of the shares owned by the Indonesian government as a major shareholder and controller. None of the Member of the Board of Directors and Board of Commissioners, as well as people own a share.

H. ASSESSMENT TO MEMBERS OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS

Application of the asessment to PT Kereta Api Indonesia Persero is performed every two years by the CDPD assessment and self assessment done internally. In 2013 PT KAI Persero just conducted a self assessment. As for the assessment by CDPD, it was already done in 2012.

1. BOC Performance Assessment

a. Assessment process Assessment to the performance of the Board of Commissioners. In executing their duties, The Board of Commissioners stick to the Articles of Association, the Ministry of State-Owned Enterprises and Corporate Governance Guidelines. The Performance Evaluation of The Board of Commissioners in 2013 was carried out on a self assessment and colegially as expressed in the Report of the Board of Commissioners surveillance task. Implementation of the task has been planned from the beginning of each year in a work program incorporated in the CBP. At the end of the year, the Board of Commissioners prepared the Surveillance Task Report to be presented to the AGM of Shareholders to be evaluated and adopted. In accordance to the provisions of Ministerial Decree of State Owned Enterprises, No PER-01MBU2011 about the implementation of GCG in SOEs, in early 2013 the Board of Commissioners have submitted a proposal of Key Performance Indicators KPIs of the Board of Commissioners of PT KAI Persero to the Minister of SOEs. b. Assessment of BOD Performance In performing their operational duties, Directors refer to the Articles of Association, Governance Guidelines, regulations issued by the shareholders as well as its PT KERETA API INDONESIA PERSERO LAPORAN TAHUNAN 2013 271 Supporting Business Report Business Prospects and Corporate Strategy Analysis Managerial Discussion serta komitmennya terhadap KPI yang tertuang dalam kontrak manajemen. Dewan Komisaris sesuai kewenangannya melakukan pengawasan dan penilaian atas kinerja Direksi baik secara individual maupun kolegial serta melaporkan hasilnya kepada Pemegang Saham. Penilaian kinerja Direksi tahun 2013 berdasarkan telaah kriteria, capaian target, dan indikator kinerja utama KPI yang telah diaudit oleh Auditor Independen Kantor Akuntan Publik KAP Hadori Sugiarto AdiRekan. Dewan Komisaris telah menyampaikan hasil kinerja Direksi secara kolegial dan individu kepada RUPS yang tertuang dalam Laporan Tugas Pengawasan Dewan Komisaris yang disampaikan dalam RUPS Pengesahan Laporan Keuangan Tahunan dan PKBL PT Kereta Api Indonesia Persero tahun 2013. b. Kriteria Asesmen 1 Kriteria asesmen atas kinerja anggota Dewan Komisaris tahun 2012 khususnya untuk aspek tata kelola mengacu pada Surat Sekretaris Meneg BUMN No.S-16S.MBU2012 tanggal 6 Juni 2012 tentang IndikatorParameter Penilaian dan Evaluasi atas Penerapan GCG pada BUMN. 2 Kriteria asesmen atas kinerja Direksi tahun 2013 untuk aspek operasional mengacu pada Keputusan Meneg BUMN No. S-676 MBU2004 tanggal 22 Desember 2004 tentang penerapan KPI Key Performance Indicators yang tertuang dalam Kontrak Manajemen Direksi tahun 2012. c. Asesor Asesmen atas capaian kinerja Dewan Komisaris dari aspek tata kelola dilakukan oleh BPKP perwakilan Jawa Barat yang hasilnya akan disampaikan kepada Pemegang Saham. Asesmen atas capaian kinerja Direksi yang tertuang dalam KPI tahun 2013 dinilai oleh Auditor Independen yaitu KAP Hadori Sugiarto Adi Rekan yang hasilnya termuat dalam Laporan No. 025 LAI-KAIII2014. commitment to the KPIs set out in the management contract. BOC, in accordance with their authorities, conducted the supervision and evaluation on the performance of the Board of Directors, both individually and collegially, and report the results to the Shareholders. Assessment of the performance of Directors in 2013 is based on study criteria, BOD in 2013 was done and key performance indicators KPIs that had been audited by the Independent Auditor, namely Accounting Firm KAP Hadori Sugiarto Adi Partners. BOC has delivered the performance results of BOD– both collegially and individually–to the GMS, to the general meeting of shareholders which is set out in the Supervisory Report of the Board of Commissioners presented in the GMS for the Endorsement of the Annual Financial Statements and Partnership and Community Development Program PKBL of PT Kereta Api Indonesia Persero in 2013. b. Assessment criteria 1 Assessment criteria for the performance of members of the Board of Commissioners in 2012 especially for governance aspects refers to the Letter of the Secretary to the State Minister of SOE No. S-16S.MBU2012 dated June 6, 2012 on indicatorsAssessment Parameters and Evaluation of the Implementation of GCG in SOEs. 2 Assessment criteria for the performance of the Board of Directors in 2013 for the operational aspects refers to the Decision of Minister of State, No-676MBU2004 dated December 22, 2004 on the application of KPIs Key Performance Indicators which are set out in the Management Contract for the Board of Directors in 2012. c. Assessors Assessment for the performance achievement of BOC from the aspects of governance was conducted by CDPD by BPK West Java representatives, whose results were submitted to the Shareholders. Assessment over the achievement of performance of BOD which was contained in KPIs for the year 2013 was assessed by the Independent Auditor, namely KAP Hadori Sugiarto Adi Partners whose results were contained in Report No. 025LAI-KAIII2014.