Laporan Tahunan 2015 PT Trikomsel Oke Tbk

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Start Moving Forward

Laporan tahunan 2015 annual report

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Tahun 2015 merupakan tahun yang penuh tantangan bagi Perseroan. Perlambatan perekonomian nasional ditambah dengan depresiasi Rupiah terhadap Dolar Amerika Serikat telah memberikan dampak yang cukup signifikan terhadap kinerja keuangan Perseroan. Menghadapi ini, Perseroan menetapkan beberapa langkah strategis di antaranya dengan melakukan efisiensi biaya operasional untuk meningkatkan likudititas guna menjaga kinerja operasional yang berkelanjutan.

Namun demikian, perlambatan ekonomi yang berujung pada pelemahan Rupiah terhadap Dolar AS selama tahun 2015 telah mendorong tingkat pendapatan dan arus kas Perseroan terus mengalami penurunan. Kondisi ini mendorong Perseroan untuk melakukan review terhadap kebijakan internalnya terutama atas utang-utang yang dimiliki.

Pada akhir Oktober 2015, Perseroan mengambil langkah tegas untuk melakukan restrukturisasi secara transparan atas utang-utang yang dimiliki. Perseroan menunjuk salah satu perusahaan penasehat bisnis global profesional, FTI Consulting, guna menemukan solusi terbaik dalam menyelesaikan utang Perseroan kepada segenap kreditur sesuai dengan ketentuan yang ada.

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PT Trikomsel Oke 2015 Annual Report

2015 was a challenging year for the Company. National economy decline added with Rupiah depreciation to US Dollar had significantly affected the Company's financial performance. In facing this turnaround, the Company implemented various strategic moves such as operational efficiency to increase liquidity to keep a continuous performance.

Though so, the economy decline had weakened Rupiah against US Dollar in 2015 and it caused the decline in the Company's revenue rate and cash flow as well. This had forced the Company to conduct a review of their internal policies namely on their debts

At the end of October 2015, the Company took a relief measure by conducting efficiency to organization and restructurization of the Company’s debts. The Company appointed one of the professional business advisor companies, FTI Consulting, to find the best solution in finishing the Company’s debts to Company’s creditors in line with the existing regulation.

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Daftar Isi

Table of Content

Kilas Kinerja 2015

Flashback Performance 2015

7 Ikhtisar Keuangan / Financial Highlights

4 Peristiwa Penting / Signiicant Events

8 Ikhtisar Saham / Summary of Shares

9 Kinerja Saham / Share Performance

Laporan Manajemen

Management Report

12 Laporan Dewan Komisaris / Board of Commissioners Report

14 Laporan Direksi / Board of Directors Report

Profil Perseroan

Company Profile

18 Informasi Perusahaan / Company Information

19 Sekilas PT Trikomsel Oke Tbk / PT Trikomsel Oke Tbk at a Glance

21 Bidang Usaha / Line of Business

23 Visi, Misi, dan Nilai Perseroan / Vision, Mission and Core Values

25 Struktur Organisasi / Organization Structure

26 Proil Dewan Komisaris / Board of Commissioners Proile

31 Proil Direksi / Board of Directors Proile

47 Kronologi Pencatatan Saham / Share Listing Chronology

47 Struktur Pemegang Saham dan Anak Perusahaan / Structure of Shareholders and Subsidiaries

48 Komposisi Pemegang Saham / Shareholders Composition

49 Obligasi Wajib Konversi (OWK) / Mandatory Converted Bonds (MCB)

50 Sumber Daya Manusia / Human Resources

52 Informasi Entitas Anak dan Asosiasi / Information of Subsidiary and Associated Entity

54 Lembaga dan Profesi Penunjang Pasar Modal / Institutions and Professions Supporting Capital Market

55 Wilayah Operasional / Operational Area

analisis dan Pembahasan Manajemen

Management Discussion and Analysis

59 Tinjauan Operasi Per Segmen Usaha / Operational Outlook Per Business Segment

61 Tinjauan Keuangan / Financial Oveview

63 Tingkat Kolektibilitas Piutang Perseroan / Collectability Rate of Company’s Receivables

64 Struktur Modal dan Kebijakan Atas Struktur Modal / Capital Structure and Management Policy of Capital Structure

65 Kemampuan Membayar Utang / Solvability

65 Ikatan Material Atas Barang Modal / Material Association of Capital Investment

65 Investasi Barang Modal yang Direalisasikan di Akhir 2015 /

Capital Investment Realized at the End of 2015

65 Kejadian Penting Setelah Tanggal Laporan Akuntan /

Important Events Post Reporting Date

65 Prospek 2016 / Prospect of 2016

66 Aspek Pemasaran / Marketing Aspect

67 Kebijakan Dividen / Dividend Policy

67 Penggunaan Dana Hasil Penawaran Umum / Usage of Public Ofering Fund

68 Informasi Material Mengenai Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi, Serta Restrukturisasi Utang/Modal / Material Information on Investment, Expansion, Divestment, Business Merger, Acquisition and the Restructuring of Debt/Capital

68 Perubahan Peraturan Perundang-Undangan yang Berpengaruh / Signiicant Changes Of Law and Regulation That Afects the Company

68 Pengaruh Kebijakan Akuntansi / Changes in Accounting Policies

tata Kelola Perusahaan

Good Corporate Governance

72 Prinsip Penerapan GCG / GCG Implementation

75 Rapat Umum Pemegang Saham / Shareholders General Meeting

77 Dewan Komisaris / Board of Commissioners

82 Direksi / Board of Directors

88 Rapat Gabungan Dewan Komisaris dan Direksi / Joint Meeting Between Board of Commissioners and Board of Directors

89 Remunerasi Dewan Komisaris dan Direksi / Remuneration of Board of Commissioners and Board of Directors

90 Independensi dan Hubungan Ailiasi Dewan Komisaris dan Direksi / Independency and Ailiation Relation Between Board of Commissioners and Directors

91 Komite Audit / Audit Committee

97 Komite Nominasi dan Remunerasi / Nomination and Remuneration Committee

101 Sekretaris Perusahaan / Corporate Secretary

103 Kantor Akuntan Publik / Public Accounting Firm

104 Unit Audit Internal / Internal Audit Unit

106 Manajemen Risiko / Risk Management

108 Perkara Penting yang Dihadapi Selama Tahun 2015 /

Important Cases Faced During 2015

109 Informasi Sanksi Administratif / Information on Administrative Sanction

109 Kode Etik Perusahaan / Code of Conduct

111 Sistem Pelaporan Pelanggaran / Whistleblowing System

111 Tanggung Jawab Sosial Perusahaan / Corporate Social Responsibility

Pernyataan tanggung Jawab atas

Laporan tahunan

Responsibility Statements

Laporan Keuangan

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PT Trikomsel Oke 2015 Annual Report

RESTRUKTURISASI PERSEROAN

COMPANY RESTRUCTURING

Pada 15 Desember 2015, salah satu kreditor Perseroan, yang bergerak di bidang penyedia layanan logistik mengajukan permohonan PKPU atas utang Perseroan. Utang tersebut merupakan utang dari layanan jasa logistik yang diberikan kepada Perseroan, yakni clearance bea cukai serta pengiriman barang milik Perseroan. Pada 4 Januari 2016, Pengadilan Niaga pada Pengadilan Negeri Jakarta Pusat mengabulkan permohonan pengaju PKPU dengan status PKPU Sementara.

Sejalan dengan ketentuan yang berlaku, Perseroan memiliki waktu maksimal selama 270 hari untuk me nyelesaikan proses PKPU. Didorong oleh komitmen yang tinggi seluruh jajaran, Perseroan dan para kreditor pada akhirnya berhasil mencapai kesepakatan pada 22 September 2016.

On 15 December 2015, one of the Company's creditor, a logistic service provider, had presented a PKPU (Temporary Suspension of Debt Payment) proposal of the Company’s Debt. The debt itself was logistic service provided to the Company in a form of customs clearance and Company’s goods delivery.

In January 4th_{2016, the Commercial Court of State Court} of Central Jakarta approved petitioner application and stipulated Temporary PKPU status to the Company. Though so, the Company did not give up in looking for the best solution to satisfy all involved parties. The Company was given 270 days to finish the PKPU process. Supported by the commitment in all levels, the Company and the creditors reached an agreement in 22 September 2016.

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Computer Mega Bazaar

Through OkeShop, the Company appears in Jakarta Convention Center in Computer’s Mega Bazar. In this event, the Company offered various cellphones models and branded accessories.

Mega Bazar Komputer

Melalui OkeShop, Perseroan hadir di Jakarta Convention Center dalam Mega Bazar Komputer. Pada acara ini, Perseroan menawarkan berbagai model ponsel terbaru dan aksesoris dari merek-merek ternama.

04-08

Mar 2015

Company Established Partnership with SingPost

Company established partnership with SingPost, a renowned company that provides e-commerce logistic in Asia, in order to grab e-commerce business opportunity which grows fast in Indonesia. Looking at the strength of Company and SingPost, this partnership will give complete e-commerce business service and online shopping satisfaction for consumers.

Perseroan Menjalin Kemitraan dengan SingPost

Perseroan menjalin kerjasama dengan SingPost, perusahaan terkemuka penyedia logistik perdagangan elektronik / online (e-commerce) di Asia, untuk memanfaatkan peluang bisnis e-commerce yang berkembang pesat di Indonesia. Dengan kelebihan Perseroan dan SingPost, kemitraan ini akan memberikan solusi layanan bisnis ecommerce yang lengkap dan kepuasan berbelanja online bagi para konsumen.

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Mar 2015

10

Feb

Subsidiaries Establishment

The Company through subsidiary PT Okeshop established the subsidiary PT Trikomsel Internet Media whose business sales is through internet and media. Pembentukan anak Perusahaan

Perseroan melalui anak perusahaan PT Okeshop membentuk anak perusahaan PT Trikomsel Internet Media yang bergerak dalam bidang penjualan melalui internet dan media.

Peristiwa Penting 2015

Event Highlights 2015

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Mar

Pembelian Saham Perseroan oleh Softbank group

SoftBank Grup, perusahaan yang melayani jangkauan komunikasi menyeluruh baik mobile maupun fixed line serta internet yang maju di seluruh dunia, membeli saham Perseroan sehinga SoftBank Grup memiliki 19,9% dari total saham yang dikeluarkan Perseroan. Dengan pengalaman, jaringan, sumber daya dan teknologi SoftBank, akan memberikan manfaat dan sinergi yang baik bagi pertumbuhan Perseroan.

Pembelian Saham Perseroan oleh Softbank group

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PT Trikomsel Oke 2015 Annual Report

Cooperation with trans retail

As an effort to get closer and meet the needs of consumer, Company agreed on operational cooperation for selling telecommunication products with PT Transindo Digital Ritel (Trans Hello). This cooperation will increase the Company’s retail business development as well as gadget business in Indonesia.

Kerjasama dengan trans retail

Sebagai upaya mendekatkan dan memenuhi kebutuhan konsumen lebih baik, Perseroan melakukan kerjasama operasional dalam pen jualan produk telekomunikasi dengan PT Transindo Digital Ritel (Trans Hello). Kerjasama ini akan meningkatkan pertumbuhan bisnis retail Perseroan sekaligus bisnis gadget di Indonesia.

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Apr 2015

Company is the official distributor of audio Premium Personal Brand

As the official distributor, the Company started to distribute the newest headphone from Audeze, Audeze EL-8, in-ear-headphone Aurisonic Rockets, in-ear-headphone master & dynamic MH30 and MH40, and luxurious portable audio product from Astell & Kern, AK240SS.

Perseroan resmi Menjadi distributor Beragam Brand Personal audio Premium

Sebagai distributor resmi, Perseroan mulai memasarkan headphone terbaru dari Audeze, Audeze EL-8, in-ear-headphone

Aurisonic Rockets, headphone master & dynamic MH30 dan MH40, serta produk audio portabel mewah dari Astell & Kern, AK240SS.

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Apr 2015

Company Strategic alliance with SCM

Company started cooperating with SCM Group to sell telecommunication products specifically cellular phone in Indonesia. Considering the skills and strengths of both parties, this synergy will expand Company market through 6.000 retailers of cellular phone throughout Indonesia. Thus, it will contribute positively to Company’s development in the future.

aliansi Strategis Perseroan dengan SCM

Perseroan melakukan kerjasama dengan SCM Grup untuk menjual produk-produk telekomunikasi telepon seluler di Indonesia. Dengan keahlian dan kelebihan yang dimiliki kedua belah pihak, sinergi ini akan memperbesar pangsa pasar Perseroan melalui 6.000 peritel telepon seluler di seluruh Indonesia, sehingga turut memberikan kontribusi yang positif bagi perkembangan Perseroan di masa mendatang.

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Apr 2015

general Meeting of Shareholders

Taking place at Hotel JW Marriot, Mega Kuningan, Jakarta for the Company to hold Annual GMS and Public Expose.

rapat Umum Pemegang Saham

Bertempat di Hotel JW Marriot, Mega Kuningan, Jakarta, Perseroan menyelenggaraan RUPS Tahunan dan Paparan Publik.

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ramadhan Break Fasting gathering Took place in Graha Intirub, East Jakarta, the Company held a gathering for breakfasting event in Ramadhan 1436 H.

Halal Bi Halal

The Company held a halal bihalal event in Trafique Coffee, South Jakarta.

acara Buka Puasa Bersama

Bertempat di Graha Intirub, Jakarta Timur, Perseroan menyelenggarakan acara buka puasa bersama pada Ramadhan 1436 H.

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Jun 2015

Halal Bi Halal

Perseroan menyelenggarakan acara halal bihalal di Trafique Coffee, Jakarta Selatan.

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Jul 2015

Establishment of Co-Company Pt trio Specommerce indonesia

The Company formed a co-company PT Trio Specommerce Indonesia with issued and fully paid capital for 67% while the rest 33% belonged to Singpost Ecommerce Pte Ltd.

Pembentukan Perusahaan Patungan Pt trio Specommerce indonesia

Perseroan membentuk perusahaan patungan PT Trio Specommerce Indonesia dengan kepemilikan modal ditempatkan dan di setor sebesar 67% sementara 33% sisanya dimiliki oleh Singpost Ecommerce Pte Ltd.

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Agt

Launching of Phone Brand “oSMo” Company launched a smartphone brand “OSMO” which is local industrial product as the result of cooperation with Advan, in order to expand the domestic market. “OSMO” smartphone is already available in retail network OkeShop and Global Teleshop, and will be sold through Company’s distribution networks throughout Indonesia.

Peluncuran Ponsel Merek “oSMo”

Perseroan meluncurkan smartphone merek “OSMO” yang merupakan produk industri lokal hasil kerja sama dengan Advan guna memperluas pangsa pasar dalam negeri. Smartphone “OSMO” telah tersedia di jaringan ritel OkeShop dan Global Teleshop, dan akan dijual di jaringan distribusi Perseroan di seluruh Indonesia.

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Dec 2015

Exhibition of Cellular Show indonesia

Located in Jakarta Convention Center, the Company participated in this technology exhibition.

Pameran indonesia Cellular Show

Bertempat di Jakarta Convention Center, Perseroan ikut ambil bagian dalam pameran teknologi ini.

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Jun 2015

Placement of operational office

In May 25, 2015, the Company started to reside in their new operational office at Jl. Kebon Sirih Raya Kav. 63.

Penempatan Kantor operasional

Pada 25 Mei 2015, Perseoran menempati kantor operasional baru yang beralamat di Jl. Kebon Sirih Raya Kav. 63.

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PT Trikomsel Oke 2015 Annual Report

Ikhtisar Data Keuangan Penting

Financial Highlights

2015 2014 2013

LaPoran LaBa rUgi KoMPrEHEnSiF KonSoLidaSian

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Pendapatan Neto / Net Revenue 6.460 10.778 10.367

Laba Kotor / Gross Profit 173 1.572 1.461

Laba (Rugi) Usaha / Income (Loss) from Operations (8.605) 738 666 Laba (Rugi) Sebelum Pajak / Income (Loss) Before Tax (8.831) 436 673 Laba (Rugi) Bersih (Laba (Rugi) tahun berjalan yang dapat

diatribusikan kepada pemilik entitas induk) / Net Income (Loss) (Income (Loss) for the current year attributable to owners of the parent company)

(8.653) 314 479

EBITDA (8.241) 1.065 1.075

Laba (Rugi) Neto per Saham Dasar (Rp) / Basic Earnings (Loss) per

Share (IDR) (1.817) 66 101

nEraCa

BALANCE SHEET

Aset Lancar / Current Assets 286 8.441 8.037

Aset Tidak Lancar / Non Current Assets 519 621 205

Total Aset / Total Assets 805 9.062 8.242

Liabilitas Jangka Pendek / Current Liabilities 3.735 3.263 4.733 Liabilitas Jangka Panjang / Non Current Liabilities 3.439 3.425 1.480

Total Liabilitas / Total Liabilities 7.174 6.688 6.213

Total Ekuitas (Defisiensi Ekuitas) / Total Equity (Equity Deficiency) (6.368) 2.374 2.029

Modal Kerja Bersih / Net Working Capital (3.449) 5.178 3.304

raSio dan inForMaSi LainnYa

RATIOS AND OTHER INFORMATION

Marjin Laba Kotor / Gross Profit Margin 2,66% 14,58% 14,09%

Marjin Laba (Rugi) Usaha / Operating Profit (Loss) Margin (133,22%) 6,85% 6,42% Marjin Laba (Rugi) Bersih / Net Profit (Loss) Margin (133,96%) 2,92% 4,62% Laba (Rugi) Bersih / Total Ekuitas (Defisiensi Ekuitas) / Net (Loss)

Income / Total Equity (Equity Deficiency) 135,87% 13,25% 23,60%

Laba (Rugi) Bersih / Total Aset / Net (Loss) Income / Total Assets (1074,43%) 3,47% 5,81%

Rasio Lancar / Current Ratio 7,65% 258,69% 169,81%

Utang Bersih / Total Ekuitas (Defisiensi Ekuitas) / Net Debts / Total

Equity (Equity Deficiency) (98,94%) 225,83% 249,58%

Total Liabilitas / Total Ekuitas (Defisiensi Ekuitas) / Total Liabilities /

Total Equity (Equity Deficiency) (112,65%) 281,76% 306,21%

Total Liabilitas / Total Aset / Total Liabilities / Total Assets 890,76% 73,81% 75,38% Dalam miliar Rupiah / In billion Rupiah

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PT Trikomsel Oke 2015 Annual Report

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Ikhtisar Saham

Summary of Shares

Harga Saham per Triwulan

Quarterly Shares Price

1.700

1.995

1.945

2.000 tertinggi

Highest

terendah Lowest

Penutupan Closing

rata-rata Average

tertinggi Highest

terendah Lowest

Penutupan Closing

rata-rata Average

1.595

1.945

1.850

2.000

6.991

9.205

117

4.197

1.065

1.815

1.850

1.600

2015

1.510

1.350

1.650

1.600

1.305

1.250

1.275

35.462

2.955

31.531

7.857

1.100

1.170

1.200

1.000

2014

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PT Trikomsel Oke 2015 Annual Report

Kinerja Saham

Share Performance

2015

2.000

1.065

2.000

4.761.500

9.523.000.000

(1.817)

(1.337)

(1,5)

(1,1)

Harga Tertinggi (Rp)

Harga Terendah (Rp)

Harga Penutupan (Rp)

Jumlah Lembar Saham (ribu)

Kapitalisasi Pasar (ribu)

Laba (Rugi) per Saham Dasar (Rp)

Nilai Buku per saham (Rp)

Harga Nilai Buku/PBV

Rasio Harga Laba (Rugi) Bersih/PER

Highest Price (Rp) Lowest Price (Rp) Closing Price (Rp) Number of Shares (thousand) Market Capitalization (thousand) Earnings (Loss) per Share (Rp) Book Value per Share (Rp) Price to Book Value/PBV Price Earnings (Loss) Ratio (PER)

2014

1.650 1.000 1.275 4.761.500 6.070.912.500

66 499

2,6 19,3

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PT Trikomsel Oke 2015 Annual Report

Laporan Manajemen

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Laporan Dewan Komisaris

Board of Commissioners Report

Para pemegang saham yang kami hormati,

Memasuki tahun ke tujuh sebagai perusahaan publik, kami terus bekerja keras dalam membangun dan mempertahankan keunggulan kompetitif Perseroan di tengah persaingan yang semakin ketat. Kesetiaan dan usaha tanpa henti dalam memberikan kepuasan tertinggi bagi segenap konsumen kami lakukan dengan menyempurnakan kualitas layanan, keunggulan produk, dan inovasi.

Di sepanjang tahun 2015, Perseroan menghadapi tantangan eksternal yang tidak mudah. Hal ini berkaitan dengan kondisi perekonomian global dan nasional yang kurang mendukung. Namun dengan dukungan yang diberikan oleh seluruh stakeholders, Direksi dan segenap karyawan, serta seluruh entitas anak perusahaan yang senantiasa mencurahkan dedikasinya meraih visi dan misi, Perseroan tetap optimis menjalankan amanat para pemegang saham dan seluruh pemangku kepentingan. Menutup tahun 2015, Perseroan menghadapi tantangan yang cukup berat. Salah satu kreditur Perseroan mengajukan status PKPU atas utang Perseroan. Hal ini menambah beban yang harus ditanggung di tengah iklim perekonomian yang lemah dan persaingan usaha yang kian ketat.

Perseroan berupaya semaksimal mungkin menemukan solusi terbaik yang dapat diterima seluruh pihak guna menyelesaikan status PKPU tersebut. Namun proses tersebut tidaklah mudah. Hingga awal tahun 2016, PKPU terus berlanjut dan menguras seluruh fokus dan sumber daya Perseroan, sehingga pada gilirannya turut memberikan dampak pada kinerja Perseroan.

Atas nama Dewan Komisaris, kami telah mengawal Perseroan dan manajemen dalam menyelesaikan setiap tantangan yang ada. Kami secara aktif senantiasa mendampingi Direksi seraya memberikan berbagai masukan dan arahan atas langkah-langkah yang perlu diambil berkenaan dengan status PKPU dan operasional Perseroan secara keseluruhan.

Dear respected shareholders,

Entering the Company’s seventh year as a public company, we keep on working hard to build and maintain the Company’s competitive excellence amidst tighter competition. The loyalty and continuous work in providing the highest satisfaction for our consumers is conducted by perfecting the service quality, product excellence and innovation.

Throughout 2015, the Company faced a difficult external challenge. This was related to the unsupportive global and national economic state. However, with the support of all stakeholders, Board of Directors and all employees along with the subsidiaries who keep on being dedicated in reaching the vision and mission, Company maintained being optimistic in carrying out the mandate of shareholders and stakeholders.

At the end of year 2015, the Company had to face another difficult challenge. One of the Company’s creditors proposed a PKPU of the Company’s debts. This added into the burden born by the Company amidst weak economic and tighter competition.

The Company has tried their best in finding the best solution for all parties to solve the PKPU status, eventhough the process was not easy. From the beginning of 2016, the PKPU status kept on continuing and took away all focus hence it affected the Company’s performance.

By the name of Board of Commissioners, we had poured all powers in guarding the Company and management in solving the existing challenges. We actively accompanied the Board of Directors while providing insights and directions of steps to be taken in relation to the PKPU status and the Company’s operation matter in a whole.

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PT Trikomsel Oke 2015 Annual Report

Dalam pandangan kami, Direksi telah bekerja secara sungguh-sungguh dalam menjalankan pengelolaan Perseroan dan menemukan solusi atas berbagai hambatan yang dihadapi. Namun, adanya status PKPU pada akhirnya membatasi langkah-langkah Perseroan sehingga secara operasional maupun finansial, performa Perseroan mengalami penurunan. Sebagai perusahaan yang telah memiliki tradisi untuk terus unggul baik secara finansial maupun operasional, kondisi ini tentu menjadi catatan merah bagi perjalanan Perseroan. Namun Dewan Komisaris tetap memberikan apresiasi atas kerja keras Direksi dan seluruh jajaran yang telah mencurahkan segenap usaha dalam menemukan solusi atas hambatan yang ada seraya berani mengambil langkah-langkah tegas demi menjaga kinerja Perseroan.

Menutup laporan ini, kami atas Dewan Komisaris mengucapkan terimakasih kepada para pemegang saham dan pemangku kepentingan atas dukungan dan kepercayaannya kepada Perseroan. Kami juga mengucapkan apresiasi kepada seluruh karyawan yang mendedikasikan seluruh kerja keras sehingga berhasil membawa Perseroan ke posisi saat ini. Kami berpandangan bahwa tidak ada tantangan tanpa jalan keluar, dan tidak ada kesulitan tanpa kemudahan. Tantangan yang dihadapi Perseroan di sepanjang tahun ini, niscaya akan disusul kemudahan di masa mendatang. Seiring dengan usaha dan komitmen yang terus dijaga, kami yakin Perseroan akan kembali menemukan momentum pertumbuhannya sehingga mampu mewujudkan visi dan misi serta memberikan nilai tambah seluruh pemangku kepentingan.

JanUar CHandra

Presiden Komisaris

President Commissioner

From our point of view, the Board of Directors had worked hard in conducting the Company’s management seriously and procuring solutions of the obstacles along the way. Despite their best effort, the PKPU status still turned the Company’s movement limited hence both operationally and financially, the Company’s performance was declining.

As a company with tradition to excel both financially and operationally, the condition had become a red note for the Company’s journey. Inspite of it, Board of Commissioners stayed appreciative of the Board of Directors work and all management in procuring solution of the existing obstacles while also taking concrete decisions in keeping the Company’s performance.

At the end of this report, Board of Commissioners presents our gratitude to the shareholders and stakeholders for their support and trust to the Company. We also convey our appreciation to the employees who have dedicated their hard works for the Company’s to be in their current position.

We share a view that there is no challenge without solution, and that there is no hardness without relieve. The challenges faced by the Company along the year will be superseded by brighter times in the future. In line with the business and commitment to be kept, we are sure that the Company will find their growth momentum back, thus able to visualize the vision and mission to give added value to the stakeholders.

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Laporan Direksi

Board of Directors Report

Para pemegang saham yang kami hormati,

Menutup tahun 2015, Perseroan dihadapkan pada berbagai tantangan eksternal dan internal yang tidak mudah. Berbagai upaya telah kami laksanakan, segala strategi dan kerja keras kami curahkan untuk tetap mempertahankan kinerja secara keseluruhan.

Mengawali tahun 2015, optimisme terhadap perkem bangan perekonomian global dan nasional yang memang berjalan lambat tetap terjaga. Kami segenap jajaran Direksi berupaya memaksimalkan pencapaian kinerja Perseroan melalui serangkaian strategi dan kebijakan terarah untuk mewujudkan kinerja yang berkesinambungan dari tahun sebelumnya.

Namun, dengan kondisi perekonomian yang menurun, memburuknya penjualan dan kinerja keuangan Per seroan yang mengakibatkan penurunan laba dan gangguan arus kas/ likuiditas Perseroan yang signifikan, sehingga diperlukan keberanian mengambil langkah tegas untuk dapat melaluinya. Maka pada akhir tahun 2015, Perseroan mengambil inisiatif strategis untuk melakukan restrukturisasi atas utang-utang Perseroan. Upaya ini tidak sepenuhnya berjalan lancar,dan menjadi semakin berat ketika pada 15 Desember 2015, salah satu kreditur Perseroan mengajukan permohonan Penunda an Kewajiban Pembayaran Utang (PKPU) yang dikabulkan oleh Pengadilan Niaga pada Pengadilan Negeri Jakarta Pusat pada tanggal 4 Januari 2016.

Menghadapi ini, Perseroan menetapkan beberapa kebijakan terarah di antaranya dengan melakukan peninjauan terhadap jaringan distribusi dengan melakukan penutupan terhadap toko-toko kurang produktif untuk fokus pada jaringan yang lebih produktif, penyesuaian jumlah tenaga kerja sejalan dengan penutupan toko, restrukturisasi organisasi, efisiensi di seluruh lini.

Dear all respected shareholders,

Closing the year 2015, the Company is faced on various external and internal challenges, none of which has been easy for us. Multiple efforts have been carried out, every strategy and hard works have been given to maintain the overall performance.

Beginning this year, the optimism regarding the slow global and national economic development is still maintained. The Board of Directors tries to maximize the target achievement through a list of strategies and directed policies to visualize the growth from the previous year.

Despite our best effort, the deteriorating economic condition together with declining sales and financial performance of the Company caused the decrease in Company's profit and cash flow. Hence, it takes braveness to take a firm stance to get through it. At the end of 2015, the Company takes a strategic initiative to restructure the Company’s debts. The effort does not go entirely smooth. The events after that take a down turn when in 15 December 2015, one of the Company’s creditors proposed a Temporary Suspension of Debt Payment (PKPU), which is directly approved by Commercial Court of Central Jakarta on 4 January 2016.

As the solution of these obstacles, the Company stipulates some directed policies by conducting review of distribution networks by closing the less than productive stores to focus on the more productive stores, adjustment of workforces in line with stores closing, restructuring organization, efficiency in all lines.

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PT Trikomsel Oke 2015 Annual Report

Kami bersyukur bahwa sepanjang proses restrukturisasi PKPU, Perseroan mendapatkan dukungan penuh dari seluruh kreditur dan jajaran Perseroan. Namun, kami harus mengakui bahwa penurunan kinerja Perseroan di sepanjang tahun ini tetap menjadi pekerjaan rumah yang harus segera dibayar pada masa mendatang.

Keunggulan Perseroan tengah diuji dengan penetapan status PKPU ini. Namun, melihat ke belakang, Perseroan merupakan salah satu perusahaan penyedia layananan telekomunikasi yang telah berbekal pengalaman panjang dalam mengelola oganisasi di dalam segala kondisi. Kami berkeyakinan kuat bahwa Perseroan akan berhasil mengembalikan posisinya dan meningkatkan kinerja di masa mendatang sehingga dapat meraih keuntungan. Menutup laporan ini, Direksi mengucapkan terimakasih atas dukungan para pemangku kepentingan dan pemegang saham, segenap kreditur, mitra, karyawan, dan masyarakat yang tetap memberikan kepercayaan kepada Perseroan. Komitmen dan konsistensi memegang nilai-nilai unggul Perseroan akan menjadi kunci dalam melewati aneka tantangan. Bagaimanapun, tidak ada hambatan yang tidak dapat diselesaikan. Dan tidak ada target yang gagal diraih selama kerja keras terus dijaga. Kami berharap, semoga Perseroan di masa mendatang dapat menemukan momentum untuk tumbuh dan berkembang lebih baik.

We are very grateful that along the process of restructuring, the Company is supported fully from all creditors and the Company’s management. Despite the support, we have to admit that the declining performance of the Company along this year has become homework to be finished in the future.

The Company’s excellence is being tested with the PKPU status stipulation. Seeing to the back, however, the Company is one of the leading telecommunication providers with long experience in managing their organization in every condition. We are sure that the Company will be able to restore their position and increasing their performance in the future for better profit gain.

As the end of this report, the Board of Directors conveys their gratitude for the support of stakeholders and shareholders, all creditors, partners, employees and communities who bestowed their trust to the Company. The commitment and consistency of holding the Company’s excellence values will be the key in passing all the obstacles. There is no obstacle if not passable. Therefore, there is no target impossible to reach as long as hard work exists. We hope that the Company will find their momentum to grow and develop better in the future.

SUgiono wiYono SUgiaLaM

Presiden Direktur

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Proil Perusahaan

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Informasi Perusahaan

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Sekilas PT Trikomsel OKE Tbk.

PT Trikomsel OKE Tbk. at a Glance

riwayat Singkat Perusahaan

PT Trikomsel Oke Tbk. (Perseroan) merupakan per usahaan penyedia produk dan layanan telekomunikasi seluler terkemuka di Indonesia. Dengan jaringan ritel dan distribusi yang kuat yang tersebar di seluruh wilayah Indonesia, Perseroan melayani berbagai lapisan masyarakat di seluruh Indonesia dengan berbagai merek produk telekomunikasi ternama.

Sejarah panjang Perseroan dimulai pada tanggal 7 Oktober 1996 dimana Perseroan didirikan dengan nama PT Trikomsel Citrawahana sebagai distributor resmi Nokia di Indonesia. Penerapan inisiatif strategis disertai layanan prima dan operasional yang andal mengantarkan PT Trikomsel Citrawahana sebagai salah satu penyedia produk telekomunikasi yang kokoh di tingkat nasional. Hanya dalam masa satu tahun, PT Trikomsel Citrawahana kemudian ditunjuk sebagai distributor resmi Sony Ericson pada tahun 1997.

Menandai perkembangannya yang tumbuh begitu pesat, PT Trikomsel Citrawahana kembali merubah nama manjadi PT Trikomsel Multimedia pada tahun 2000 dengan mengoperasikan 40 gerai ritel ponsel direct dan berkembang menjadi 400 gerai OkeShop pada tahun 2004. Trikomsel Multimedia kemudian melebarkan jaringan distribusi yang dimiliki dan menjangkau pasar lebih luas dengan meluncurkan layanan penjualan telepon seluler online dan menjadi yang pertama dalam menawarkan alat telekomunikasi dengan pembayaran menggunakan kartu kredit.

Brief History

PT Trikomsel Oke Tbk. (Company) is one of the leading cellular telecommunication product and service providers in Indonesia. Strong retail and distribution networks all over Indonesia prompts the Company in serving various levels of communities in the country with kinds of telecommunication products.

Company’s long history was started at 7 October 1996, established with the name PT Trikomsel Citrawahana as Nokia’s official distributor in Indonesia. Strategic initiative implementation, prime service and operational had taken PT Trikomsel Citrawahana as one of the solid telecommunication product providers regionally. Only a year later, PT Trikomsel Citrawahana was appointed as Sony Ericson official distributor in 1997.

Following its rapid growth, PT Trikomsel Citrawahana changed their name to PT Trikomsel Multimedia in year 2000 by operating 40 cellphone direct shops, which then expanded to 400 OkeShop shops in 2004. PT Trikomsel Multimedia then expand their distribution network and larger market share by launching their online sales for cellular phones and became the first retailer to offer credit card payment for telecommunication devices.

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Komitmen untuk memberikan kepuasan kepada kon sumen mendorong PT Trikomsel Multimedia untuk terus memperluas portofolio produk dengan me maksimalkan keunggulan layanan yang diberikan. Pada tahun 2007, Perseroan telah hadir di 132 kota di seluruh Indonesia dengan mengoperasikan 707 gerai OkeShop. Perseroan kemudian merubah nama menjadi PT Trikomsel Oke dan mengembangkan bisnisnya dengan menjual layanan konten ponsel dari pihak ketiga meliputi nada dering,

game, maupun aplikasi.

Pada 14 April 2009, Perseroan mengokohkan posisinya sebagai perusahaan penyedia layanan telekomunikasi terdepan di Indonesia dengan melakukan penawaran saham (Initial Public Offering / IPO) di Bursa Efek Indonesia sebagai perusahaan terbuka. Meneruskan tonggak kesuksesannya, Perseroan membentuk aliansi strategis antara OkeShop dan Global Teleshop dengan menjual produk-produk unggulan di seluruh Indonesia. Pada tanggal 13 Juli 2012, Perseroan kemudian secara resmi mengakuisisi saham PT Global Teleshop Tbk dan memantabkan posisi Perseroan sebagai perusahaan penyedia produk dan layanan telekomunikasi seluler terdepan di Indonesia.

Commitment to provide the satisfaction to consumers motivates PT Trikomsel Multimedia to keep expanding their product portfolio by maximizing the provided service excellence. In 2007, the Company has existed in 132 cities in Indonesia by operating 707 shops of Okeshop. The Company then changed their name to PT Trikomsel Oke and expanded their business by selling cellular phones content from third parties namely ringtones, games and applications.

On 14 April 2009, the Company strengthened their position as one of the leading cellular telecommunication product and service providers in Indonesia by conduction initial public offering (IPO) in Indonesia Stock Exhange as a public company. Continuing their success, the Company formed strategic alliance between OkeShop and Global Teleshop by selling excellent products in Indonesia. In 13 July 2012, the Company officially acquired the shares of PT Global Teleshop Tbk and fortifying their position as one of the leading cellular telecommunication product and service providers in Indonesia.

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Based on Article of Association, the scope of Company’s main activity covers trade and distribution of tele communication devices including cellular phones, accessories, spare parts, prepaid and post-paid sim-cards, gadget, as well as services related to tele communication and multimedia.

Company business activities are conducted by having both retail and distribution businesses. As a retail com pany, Company sells electronic devices including phones, computers, new package of cellular communication, and others. For the distribution, Company cooperates with independent retailers (dealer) that have one or more outlets in a relatively small number.

After acquiring PT Global Teleshop, a company providing one stop solution for products and services of cellular telecommunication, in July 2012, Company and its subsidiary entities have wide retail networks covering all parts of Indonesia supported by continuous development of infrastructure. That retail network is represented in the form of retail outlet named "OkeShop" and "Global Teleshop".

Berdasarkan Anggaran Dasar, ruang lingkup kegiatan utama Perseroan meliputi usaha perdagangan dan distribusi perangkat telekomunikasi yang mencakup telepon selular, aksesoris, suku cadang, kartu telepon pra bayar dan pasca bayar, gadget, serta jasa yang terkait dengan telekomunikasi dan multimedia.

Aktivitas usaha Perseroan dilakukan melalui jalur ritel dan distribusi. Sebagai perusahaan ritel, Perseroan menjual barang-barang elektronik meliputi ponsel, komputer, paket perdana komunikasi selular, dan lainnya. Pada sisi kegiatan usaha distribusi, Perseroan bekerjasama dengan para peritel independen (dealer) yang memiliki satu atau beberapa gerai dalam jumlah yang relatif kecil.

Setelah proses akuisisi PT Global Teleshop, suatu perusahaan penyedia one stop solution untuk produk dan layanan telekomunikasi seluler, pada bulan Juli 2012, Perseroan dan anak usahanya memiliki jaringan ritel yang luas meliputi seluruh wilayah Indonesia dengan dukungan infrastruktur yang terus berkembang. Jaringan ritel tersebut direpresentasikan dalam bentuk gerai ritel dengan nama "OkeShop" dan "Global Teleshop".

Bidang Usaha

Line of Business

Kegiatan Usaha

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Perseroan menjual berbagai jenis perangkat telekomunikasi seluler (telepon seluler) dan aksesorisnya dari berbagai produsen internasional diantaranya, Sony, Apple, BlackBerry, Samsung, HTC, Lenovo dan lainnya. Perseroan juga menjual produk komputer, netbook, maupun laptop dari merek Hewlett-Packard (HP) dan Lenovo. Selain itu, Perseroan menawarkan produk-produk operator seperti paket perdana kartu SIM prabayar dan voucher isi ulang dari berbagai operator ternama di Indonesia.

Company sells various cellular telecommuni cation devices (cellular phones) and their accessories from various international manu facturers including, Sony, Apple, BlackBerry, Samsung, HTC, Lenovo, and many others. Company also sells computers, netbook as well as laptop from Hewlett-Packard (HP) and Lenovo. Aside from that, Company offers products from operator such as new prepaid sim-card and top up voucher from various renowned operators in Indonesia.

Produk-produk

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PT Trikomsel Oke 2015 Annual Report

Memberikan Kepuasan

Meraih Kepercayaan

Deliver Satisfaction

Win Trust

Memberikan kepuasan dan meraih

kepercayaan konsumen yang

memiliki gaya hidup komunikasi

berbeda-beda dan tersebar di

mana-mana dengan sumber daya

manusia yang unggul, produk

dan layanan yang tepat serta

didukung oleh sistem informasi

dan operasional yang handal

Delivering robust satisfaction and win trust of

consumers communication lifestyle everywhere

through superior people and accurate products and

services, driven by strong information systems and

operational excellence.

Visi

Vision

Visi & Misi

Vision & Mission

Misi

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Nilai Perusahaan

Core Values

Passion

_{Mengutamakan integritas}

sebagai prioritas utama,

mengabdi pada pekerjaan

dalam setiap keadaan

Putting integrity as the first priority, dedicated to the job in any situation

Hadir bagi tim dan siap

menolong

Available to the team and offers help consistently

Inovatif dan mengutamakan

kepuasan konsumen

Innovative and devoted to customer satisfaction

Berfokus pada

kesempurnaan dan

berupaya menjadi lebih baik

Aiming for excellence and always improving continuously

Semangat

Team Work

Kerjasama

Customer Focus

Fokus kepada Konsumen

Result-Oriented

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Struktur Organisasi

Organization Structure

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PT Trikomsel Oke 2015 Annual Report

Karnadi Widodo

Operation Ellianah Wati S Danang Cahyono Octaviana A. Mussu

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Proil Dewan Komisaris

Board of Commissioners Proile

PEtEr ang CHUan HUi

Presiden Komisaris / President Commissioner

Singaporean citizen, 49 years old. Serving as Chief of Commissioner since 20 April 2012 and re-appointed based on the decision in Annual General Meeting of Shareholders (AGMS) on 9 May 2014. He has worked in Ericsson, Sony Ericsson and Sony 1995-2012, some key positions he has been appointed as Hub GM Singa pura, Malaysia & Indonesia, Head of Marketing for APAC area and Director of Product Marketing, APAC area. He has joined Polaris Ltd. as CEO & Executive Director from 2012 to present.

He earned his Bachelor of Electrical and Electronic Engineering from Loughborough University of Technology, United Kingdom (1995).

Warga Negara Singapura, 49 tahun. Menjabat sebagai Presiden Komisaris sejak 20 April 2012 dan diangkat kembali oleh keputusan Rapat Umum Pemegang Saham Tahunan (RUPST) pada tanggal 9 Mei 2014. Beliau telah bekerja di Ericsson, Sony Ericsson dan Sony 1995-2012, beberapa posisi kunci yang pernah dijabat adalah Hub GM Singapura, Malaysia & Indonesia, Head of Marketing untuk wilayah APAC dan Direktur Product Marketing, wilayah APAC. Beliau telah bergabung dengan Polaris Ltd. sebagai CEO & Direktur Eksekutif dari tahun 2012 sampai sekarang.

Beliau meraih Sarjana Teknik Elektronik & Teknik Elektro dari Loughborough University of Technology, Inggris (1995)

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gLEnn tiMotHY SUgita Komisaris / Commissioner

Indonesian citizen, 48 years old. Serving as Commissioner since 2009 and re-appointed on 9 May 2014 based on the decision in Annual General Meeting of Shareholders (Rapat Umum Pemegang Saham Tahunan RUPST) on 9 May 2014. He has also been appointed as Director of Northstar Advisors Pte. Ltd. (since 2006) and Commissioner of PT Multistrada Arah Sarana Tbk. (since 2011). Previously, he served as Vice President Commissioner of PT Sumber Alfaria Trijaya Tbk. (2006-2010), Director of Northstar Pacific Partners (2003-2006) and worked at PT Pricewaterhouse Coopers Securities (2000-2003), PT Bahana Securities (1995-2000) and AT&T Network Systems (1994-1995).

He earned his Bachelor of Science and Master of Science degrees in Electrical Engineering from Tennessee Tech University, United States, respectively in 1991 and 1993.

Warga negara Indonesia, 48 tahun. Menjabat sebagai Komisaris sejak tahun 2009 dan diangkat kembali menjadi Komisaris pada tanggal 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Saat ini beliau juga menjabat sebagai Direktur Northstar Advisors Pte. Ltd. (sejak 2006) dan Komisaris PT Multistrada Arah Sarana Tbk. (sejak 2011). Sebelumnya beliau menjabat sebagai Wakil Presiden Komisaris PT Sumber Alfaria Trijaya Tbk. (2006-2010), Direktur Northstar Pacific Partners (2003-2006) dan bekerja di PT Pricewaterhouse Coopers Securities (2000-2003), PT Bahana Securities (1995-2000) dan AT&T Network Systems (1994-1995).

Beliau memperoleh gelar Bachelor of Science dan Master of Science Jurusan Electrical Engineering dari Tennessee Tech University, Amerika Serikat, masing-masing pada tahun 1991 dan 1993.

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BEnJaMin SUdJar SoEMartoPo Komisaris / Commissioner

Australian citizen, 43 years old. He is working as Commissioner since 18 June 2012 based on the decision in Extraordinary General Meeting of Shareholders (Rapat Umum Pemegang Saham Luar Biasa RUPSLB) on 18 June 2012 and re-appointed on 9 May 2014 based on RUPST on 9 May 2014. He previously was the Managing Director, Head of Principal Finance, Indonesia, Standard Chartered Bank (2011-2012), and previously worked as Managing Partner and President Director, McKinsey & Co. (1999-2011); Indonesia Country Manager, Australasian Property Group, Perth, Australia & Jakarta (1997-1999); and President Director, Lancar Travel, Perth, Australia & Jakarta, Indonesia (1994- 1997).

He earned Bachelor of Laws, First Class Honours; Bachelor of Arts, Political Economy (Southeast Asia); and Vice Chancellors Award from Murdoch University, Perth, Western Australia (1996).

Warga negara Australia, berusia 43 tahun. Beliau menjabat sebagai Komisaris sejak tanggal 18 Juni 2012 berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) tanggal 18 Juni 2012 dan diangkat kembali pada RUPST pada 9 Mei 2014. Beliau pernah menjabat sebagai Managing Director, Head of Principal Finance, Indonesia, Standard Chartered Bank (2011-2012), dan sebelumnya menjabat sebagai Managing Partner and President Director, McKinsey & Co. (1999-2011); Indonesia Country Manager, Australasian Property Group, Perth, Australia & Jakarta (1997-1999); dan President Director, Lancar Travel, Perth, Australia & Jakarta, Indonesia (1994- 1997).

Beliau memperoleh gelar Bachelor of Laws, First Class Honours; Bachelor of Arts, Political Economy (Southeast Asia); dan Vice Chancellors Award dari Murdoch University, Perth, Western Australia (1996).

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CHriStinE BarKi

Komisaris independen / Independent Commissioner

Indonesian citizen, 59 years old. Working as Independent Commissioner since 2008 and re-appointed on 9 May 2014 based on the decision in Annual General Meeting of Shareholders (Rapat Umum Pemegang Saham Tahunan RUPST) on 9 Mei 2014. She also worked as President Director of PT Metropolitan Retailmart from January 1993 to October 2014. She has been working at PT Panen Lestari Internusa since October 2014. Previously, she worked as Finance Controller/Audit Controller in one of international hotels in the United States (1982-1985) and in China /Asia (1985-1993).

She earned Master of Business Administration, majoring in Business Administration from the University of Oklahoma, United States in 1985 and Honorary Doctor in Management from the University of California, United States in 2002.

Warga negara Indonesia, usia 59 tahun. Menjabat sebagai Komisaris Independen sejak tahun 2008 dan diangkat kembali menjadi Komisaris Independen pada tanggal 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Beliau juga menjabat sebagai Presiden Direktur PT Metropolitan Retailmart sejak Januari 1993 hingga Oktober 2014. Saat ini, beliau juga menjabat di PT Panen Lestari Internusa sejak Oktober 2014. Sebelumnya beliau bekerja sebagai Finance Controller/Audit Controller di salah satu hotel internasional di Amerika Serikat (1982-1985) dan di Cina/Asia (1985-1993).

Beliau memperoleh gelar Master of Business Administration, jurusan Business Administration dari University of Oklahoma, Amerika Serikat pada tahun 1985 dan Honorary Doctor in Management dari University of California, Amerika Serikat tahun 2002.

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SUrYatin SEtiawan

Komisaris independen / Independent Commissioner

Indonesian citizen, 61 years old. He is re-appointed as Independent Commissioner on 9 May 2014 based on the decision in RUPST on 9 May 2014. Previously, he worked as an engineer and General Manager of Product Development at PT Industri Telekomunikasi Indonesia (Persero) (1980-1991), Special Staff of President Director of Perumtel on engineering and technology (1991-1992), Chief of Planning and Development of Information Technology of PT Telekomunikasi Indonesia Tbk (Telkom) (1992-1995), Head Division of Technology Research Development at Telkom (1995-2000), Commissioner and President Commissioner at PT Telkomsel (2000-2002), Director of Network Service Business at Telkom (2002-2004) and Director of Service Business Telkom (2004-2005).

He earned Bachelor Degree in Telecommunication Electrical Engineering from Bandung Institute of Technology (ITB) in 1980.

Warga negara Indonesia, 61 tahun. Beliau diangkat kembali menjadi Komisaris Independen pada tanggal 9 Mei 2014 berdasarkan keputusan AGMS tanggal 9 Mei 2014. Sebelumnya beliau bekerja sebagai insinyur dan sebagai General Manager Pengembangan Produk PT Industri Telekomunikasi Indonesia (Persero) (1980-1991), Staf Ahli Direktur Utama Perumtel bidang teknik dan teknologi (1991-1992), Kepala Pusat Perencanaan dan Pengembangan Teknologi Informasi PT Tele komunikasi Indonesia Tbk (Telkom) (1992-1995), Kepala Divisi Riset Teknologi Telkom (1995-2000), Komisaris dan Komisaris Utama PT Telkomsel (2000-2002), Direktur Bisnis Layanan Jaringan Telkom (2002-2004) dan Director of Service Business Telkom (2004-2005).

Beliau memperoleh gelar Sarjana jurusan Teknik Elektro Telekomunikasi dari Institut Teknologi Bandung tahun 1980.

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Proil Direksi

Board of Directors Proile

SUgiono wiYono SUgiaLaM Presiden direktur / President Director

Indonesian citizen, 53 years old. Serving as Director since 9 May 2014 based on the decision in AGMS on 9 May 2014. He is fully responsible for any strategic decision of Company as well as supervises operational activity of Company including, but not limited to, policies and sales strategies and new product developments, while directly responsible for retail business and human resources. He started his career at PT Panggung Electric Citrabuana attaining a last position as Commercial Director (1985-1997).

He earned Bachelor Degree of Economy with major in Management of Universitas Surabaya in 1986.

Warga negara Indonesia, 53 tahun. Menjabat sebagai Direksi sejak tahun 1996 dan diangkat kembali sebagai Presiden Direktur pada 9 Mei 2014 berdasarkan keputusan RUPST 9 Mei 2014. Dengan demikian, beliau bertanggung jawab penuh atas keputusan strategis Perseroan serta melakukan pengawasan atas kegiatan operasional Perseroan, termasuk namun tidak terbatas pada kebijakan dan strategi penjualan dan pengembangan produk-produk baru dengan tanggung jawab langsung atas bisnis ritel dan sumber daya manusia. Beliau memulai karir pada PT Panggung Electric Citrabuana dengan jabatan terakhir sebagai Direktur Komersial (1985-1997).

Beliau memperoleh gelar Sarjana Ekonomi jurusan Manajemen dari Universitas Surabaya pada 1986.

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danang CaHYono direktur / Director

Indonesian citizen, 40 years old. He has served as Business Distribution Director since 19 April 2013 and re-appointed based on AGMS on 9 May 2014. He started his career as Account Manager and Major Account Segment Manager at Procter & Gamble (1999- 2003), then as Manager Trade Sales Training, Manager Trade Marketing, and Head of Modern Trade Channel, at Mead Johnson (2003-2005). He once became the Head of Modern Trade Channel of Reckitt Benckiser Jakarta (2005-2006) and then became Manager of Jakarta Regional Operation Development and Head of Retail & Channel Development Nokia (2006-2010). Since 2011, he has been working as President Director at PT Global Distribution and since 2012, he has become the Director of PT Global Teleshop Tbk.

He earned bachelor in Management Economy from Universitas Kristen Satya Wacana in 1998. Then, he earned Master of Management in International Business from Universitas Gadjah Mada in 2003.

Warga negara Indonesia, 40 tahun. Beliau menjabat Direktur Bisnis Distribusi sejak tanggal 19 April 2013 dan diangkat kembali berdasarkan RUPST tanggal 9 Mei 2014. Beliau memulai karier sebagai Account Manager and Major Account Segment Manager pada Procter & Gamble (1999-2003), kemudian sebagai Manager Trade Sales Training, Manager Trade Marketing, and Head of Modern Trade Channel, di Mead Johnson (2003-2005). Beliau sempat menjadi Head of Modern Trade Channel di Reckitt Benckiser Jakarta (2005-2006) dan setelah itu menjadi Manager Jakarta Regional Operation Development dan Head untuk Retail & Channel Development Nokia (2006-2010). Sejak tahun 2011, beliau menjabat sebagai Direktur Utama pada PT Global Distribution dan sejak tahun 2012, beliau menjabat sebagai Direktur PT Global Teleshop Tbk.

Beliau memperoleh gelar Sarjana Ekonomi Manajemen dari Universitas Kristen Satya Wacana pada tahun 1998. Kemudian memperoleh gelar Master of Management in International Business dari Universitas Gadjah Mada pada tahun 2003.

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dJoKo HariJanto direktur / Director

Indonesian citizen, 51 years old. Serving as Director of Company since 2000 and re-appointed as Information Technology and Human Resources Director on 9 May 2014 based on decision in AGMS on 9 May 2014. He is responsible for operational system of information technology and human resources. Prior to joining the Company, he once worked as a Programmer at PT Perindo Sistek Integra (1989- 1990) and Mainframe Engineer at PT USI/IBM (1990-1995).

He earned his Bachelor Degree of Electrical Engineering from Bandung Institute of Technology (ITB) in 1989.

Warga negara Indonesia, 51 tahun. Menjabat sebagai Direksi Perseroan sejak tahun 2000 dan diangkat kembali sebagai Direktur Teknologi Informasi dan Sumber Daya Manusia pada 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Beliau bertanggung jawab atas operasional sistem teknologi informasi, dan sumber daya manusia. Sebelum bergabung di Perseroan, beliau pernah menjabat sebagai Programmer di PT Perindo Sistek Integra (1989- 1990) dan Mainframe Engineer di PT USI/IBM (1990-1995).

Beliau memperoleh gelar Sarjana Teknik Elektro dari Institut Teknologi Bandung pada 1989.

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ELLianaH wati SEtiadY direktur / Director

Indonesian citizen, 44 years old. She was re-appointed as Business Distribution Director on 9 May 2014 based on decision in AGMS on 9 May 2014. She is responsible for the overall processes of distributing products, including to reseller. Previously, she worked as Retail Director of the Company (2007-2009), Key Account PT Sealand Shipping Company (1993-1995), and Assistant General Manager of PT Selindo Utama (1995-1996).

She earned Bachelor Degree in Business from Arkansas State University, United States in 1991.

Warga negara Indonesia, 44 tahun. Beliau diangkat kembali sebagai Direktur Bisnis Distribusi pada tanggal 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Beliau bertanggung jawab atas keseluruhan proses distribusi produk, mencakup penjualan kepada reseller. Sebelumnya, beliau menjabat sebagai Direktur Ritel Perseroan periode (2007-2009), Key Account PT Sealand Shipping Company (1993-1995), dan Assistant General Manager PT Selindo Utama (1995-1996).

Memperoleh gelar Sarjana jurusan Business dari Arkansas State University, Amerika Serikat pada tahun 1991.

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PT Trikomsel Oke

2015 Annual Report

EvY SoEnarJo direktur / Director

Indonesian citizen, 42 years old. She was appointed as Retail Business Director on 20 April 2012 and re-appointed based on decision of AGMS on 9 May 2014. Currently, she is also acting as President Director of PT Global Teleshop Tbk. (since 2011) where she also became Director in 2000. Before joining Company, she worked at PT Tamindo Permaiglass (1995-1997) as F&A Manager.

She earned Bachelor Degree in Management Economy from Universitas Kristen Satya Wacana, Central Java (1995).

Warga negara Indonesia, berusia 42 tahun. Beliau menjabat sebagai Direktur Bisnis Ritel sejak tanggal 20 April 2012 dan diangkat kembali berdasarkan keputusan RUPST tanggal 9 Mei 2014. Saat ini beliau juga menjabat sebagai Direktur Utama PT Global Teleshop Tbk. (sejak 2011) dimana sebelumnya beliau juga pernah menjadi Direktur pada tahun 2000. Sebelum bergabung bersama Perseroan, beliau bekerja di PT Tamindo Permaiglass (1995-1997) sebagai F&A Manager.

Beliau memperoleh gelar Sarjana di bidang Ekonomi Manajemen dari Universitas Kristen Satya Wacana, Jawa Tengah (1995).

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JanUar CHandra direktur / Director

Indonesian citizen, 46 years old. He has served as Operational Director since 19 April 2013 and re-appointed based on AGMS on 9 May 2014. He started his career at Public Accounting Firm Prasetio Utomo & Co.-Arthur Andersen (1992-1997) having last position as Audit Manager. After that, he worked as Manager Accounting & Finance at PT Datakom Asia (1998-2002). Then, he became Finance Director at PT Java Festival Production and PT Jaring Data Interaktif (2003-2010). Since 2011, he has been working as Finance and Investor Relations Director at PT Global Teleshop Tbk.

He earned Bachelor Degree in Accounting from Tarumanegara University in 1992.

Warga negara Indonesia, 46 tahun. Beliau menjabat Direktur Operasional sejak tanggal 19 April 2013 dan diangkat kembali berdasarkan RUPST tanggal 9 Mei 2014. Beliau memulai karier di Kantor Akuntan Publik Prasetio Utomo & Co.-Arthur Andersen (1992-1997) dengan jabatan terakhir sebagai Manager Audit. Setelah itu, beliau menjabat sebagai Manager Accounting & Finance di PT Datakom Asia (1998-2002). Kemudian, beliau menjadi Direktur Keuangan pada PT Java Festival Production dan PT Jaring Data Interaktif (2003-2010). Sejak 2011, beliau menjabat sebagai Direktur Keuangan dan Hubungan Investor pada PT Global Teleshop Tbk. Beliau memperoleh gelar Sarjana Akuntansi dari Universitas Tarumanegara pada tahun 1992.

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PT Trikomsel Oke

2015 Annual Report

Indonesian citizen, 44 years old. Serving as Company’s Director since 2010 and re-appointed as Director on 9 May 2014 based on decision of AGMS on 9 May 2014. She started her career at Company in 2008 as SVP of Corporate Service. Before joining Company, she worked at PT Bank UOB Buana Tbk. (1996-2007) having last position as Senior Vice President & Head Division of Corporate Secretary & Investor Relation. She once worked as Assistant Manager of Product Development and Quality Control at Basic Elements Corporations (1994-1996), United States; and in Customer Service at Nylon Molding Corporation (1990-1993), United States.

She earned Bachelor of Arts from California State University, United States in 1994.

Warga negara Indonesia, 44 tahun. Beliau Menjabat sebagai Direksi Perseroan sejak tahun 2010 dan diangkat kembali sebagai Direktur pada tanggal 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Beliau mulai berkarir di Perseroan pada tahun 2008 sebagai SVP Layanan Korporasi. Sebelum bergabung bersama Perseroan, beliau bekerja di PT Bank UOB Buana Tbk. (1996-2007) dengan jabatan terakhir sebagai Senior Vice President & Kepala Divisi Sekretariat Korporasi & Hubungan Investor. Beliau pernah bekerja sebagai Asisten Manajer Pengembangan & Pengawasan Produksi (Product Development and Quality Control) di Basic Elements Corporations (1994-1996), Amerika Serikat; dan di bagian Customer Service di Nylon Molding Corporation (1990-1993), Amerika Serikat.

Beliau memperoleh gelar Sarjana Bachelor of Arts dari California State University, Amerika Serikat pada 1994.

JULiana JULianti SaMUdro direktur / Director

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dESMond PrEvin

direktur independen / Independent Director

Indonesian citizen, 41 years old. Serving as Company’s Director since 2011 and re-appointed as Business Development Director on 9 May 2014 based on decision of AGMS on 9 May 2014. He is responsible for business development. Before joining Company in 2008, he worked as Far East Asia Technologist, Geologix Limited (2003-2008), Business Technology Consultant PT Multipolar Corporation Tbk. (2002-2003) and Software Development Group Head at PT Intellisys Tripratama (1999- 2002). He attained Master in Commerce and Master in Management Information System respectively from Curtin University and Bina Nusantara University in 2002, he also earned Bachelor Degree of Engineering from Trisakti University in 1998.

Warga negara Indonesia, 41 tahun. Menjabat sebagai Direksi Perseroan sejak tahun 2011 dan diangkat kembali sebagai Direktur Pengembangan Bisnis pada tanggal 9 Mei 2014 berdasarkan keputusan RUPST tanggal 9 Mei 2014. Beliau bertanggung jawab atas pengembangan bisnis. Sebelum bergabung dengan Perseroan pada tahun 2008, beliau menjabat sebagai Far East Asia Technologist, Geologix Limited (2003-2008), Business Technology Consultant PT Multipolar Corporation Tbk. (2002-2003) dan Software Development Group Head di PT Intellisys Tripratama (1999- 2002). Beliau memperoleh gelar Master in Commerce dan Master in Management Information System masing-masing dari Curtin University dan Universitas Bina Nusantara pada tahun 2002, beliau juga seorang Sarjana Teknik dari Universitas Trisakti pada tahun 1998.

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PT Trikomsel Oke

2015 Annual Report

Proil Dewan Komisaris & Direksi Setelah Perubahan

Board of Commissioners and Board of Directors Proile After Change

Berdasarkan keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPS LB) tanggal 15 Juli 2016, susunan Dewan Komisaris dan Direksi Perseroan telah mengalami perubahan dengan susunan sebagai berikut:

Based on the resolution of the Extraordinary General Meeting of Shareholders (EGMS) on July 15, 2016, the composition of the Company’s Board of Commissioners and Board of Directors has changed with the following structure:

dewan Komisaris Board of Commissioners

Presiden Komisaris / President Commissioner : Januar Chandra

Komisaris / Commissioner : Benjamin Sudjar Soemartopo Komisaris Independen / Independent Commissioner : David T. Khim

direksi

Board of directors

Presiden Direktur/ President Director : Sugiono Wiyono Sugialam Direktur / Director : Evy Soenarjo

Direktur / Director : Djoko Harijanto Direktur / Director : Octaviane N.A. Mussu Direktur Independen / Independent Director : Mely

JanUar CHandra

Presiden Komisaris / President Commissioner

He earned Bachelor Degree of Accounting from Tarumanegara University in 1992

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BEnJaMin SUdJar SoEMartoPo Commissioner / Komisaris

Australian citizen, 43 years old. He has served as Commissioner since June 18, 2012 by the decision of the Extraordinary General Meeting of Shareholders (EGMS) on June 18, 2012 and was reappointed at the AGMS on May 9, 2014, and has been reappointed once again at the EGMS on July 15, 2016. He was working as Managing Director, Head of Principal Finance, Indonesia, Standard Chartered Bank (2011-2012), and previously served as Managing Partner and President Director of McKinsey & Co. (1999-2011); Indonesia Country Manager of Australasian Property Group, Perth, Australia & Jakarta (1997-1999); and President Director of Lancar Travel, Perth, Australia and Jakarta, Indonesia (1994-1997). He earned his Bachelor of Laws, First Class Honours; Bachelor of Arts, Political Economy (Southeast Asia); Vice Chancellors Award from Murdoch University, Perth, Western Australia (1996)

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38. PERISTIWA SETELAH PERIODE PELAPORAN KEUANGAN (lanjutan)

38. EVENTS AFTER FINANCIAL REPORTING PERIOD (continued)

Entitas Anak Subsidiaries

Pengampunan Pajak (lanjutan) Tax Amnesty (continued) Pada tanggal 28 September 2016, PCM berpartisipasi

dalam Program Pengampunan Pajak sesuai dengan Undang-Undang Nomor 11 Tahun 2016 (“UU Pengampunan Pajak”). PCM memperoleh Surat Keterangan Pengampunan Pajak (SKPP) No. KET-4066/PP/WPJ.04/2016 tertanggal 30 September 2016, dengan jumlah yang diakui sebagai aset pengampunan pajak sebesar Rp115.100.000. PCM membayar uang tebusan sebesar Rp2.302.000, yang dibebankan pada laba rugi tahun berjalan.

In September 28, 2016, PCM participated in the Tax Amnesty Program in accordance with Law No. 11 Year 2016 (“Tax Amnesty Law”). PCM obtained Tax Amnesty Acknowledgement Letter (SKPP) No. KET-4066/PP/WPJ.04/2016 dated September 30, 2016, with the amounts recognized as tax amnesty assets amounted to Rp115,100,000. PCM paid the related redemption money amounting to Rp2,302,000, which was charged to the current year profit or loss.

Utang Bank Jangka Pendek Short-term Bank Loan

Pada tanggal 6 September 2016, GT telah melakukan restrukturisasi fasilitas hutang dengan Bank Mandiri dengan menandatangani Surat Penawaran Pemberian Kredit Restrukturisasi Kredit Modal Kerja Revolving I sebesar Rp178.957.211.452 dan Kredit Modal Kerja Revolving II sebesar Rp316.000.000.000 dengan jangka waktu 10 tahun (masa tenggang 3 tahun) dengan tujuan untuk pembiayaan modal kerja operasional.

On September 6, 2016, GT had restructured the loan facilities with Bank Mandiri with Letter of Offer on Restructured Revolving Credit Working Capital I Facility amounted to Rp178,957,211,452 and Revolving Working Capital Loan II amounted to Rp316,000,000,000 with a term of 10 years (grace period of 3 years) with the purpose of financing the working capital of the Company‟s operations.

Kedua fasilitas tersebut dikenai tingkat suku bunga 5% pada tahun 2016 sampai dengan tahun 2018 dan 8,5% pada tahun 2019 sampai dengan tahun 2025.

Both facilities bear interest rate of 5% from 2016 to 2018 and 8.5% from 2019 to 2025.

Apabila kinerja keuangan lebih baik daripada yang diproyeksikan, Bank berhak meminta pelunasan dipercepat, dengan ketentuan pelunasan dilakukan untuk mengurangi atau melunasi seluruh hutang pokok mulai dari angsuran terakhir (Inverse Order) dan tidak dikenakan denda.

If the financial performance was better than projected, the Bank reserves the right to request early repayment, provided the repayment is made to reduce or repay the entire outstanding principal from the last installment (Inverse Order) and are not subject to fines.

GT harus mendapatkan persetujuan dari Mandiri sebelum melakukan hal-hal tertentu, antara lain:

 Melakukan perubahan Anggaran Dasar GT termasuk perubahan komposisi dan susunan pemegang saham (non publik), direktur dan/atau komisaris, peningkatan dan penurunan permodalan dan nilai nominal saham  Memindahtangankan barang agunan

 Mengikat diri sebagai penjamin hutang

 Menjaminkan harta kekayaan GT kepada pihak lain  Melunasi utang GT kepada pemilik/pemegang saham

dan perusahaan afiliasi

 Mendapatkan fasilitas kredit baru baik langsung maupun tidak langsung dalam bentuk apapun, melakukan novasi kredit, kecuali fasilitas kredit baru tersebut digunakan untuk melunasi kredit eksisting di Bank Mandiri

 Membentuk Strategic Partnership dengan pihak lain,

GT is required to obtain approval from Mandiri to effect changes as follows:

 Make changes to the Articles of Association of GT including changes in the composition and the composition of shareholders (non-public), directors and/or commissioners, increase and decrease capital and nominal value of shares

 Transfer collateral of goods  Act as a guarantor of debt  Pledge the assets to other parties

 Repay debts owed by GT to the owners/shareholders and affiliated companies

 Get a new credit facility, either directly or indirectly in any form, perform credit novation, unless the new credit facility were used to repay existing loans at Bank Mandiri

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38. PERISTIWA SETELAH PERIODE PELAPORAN KEUANGAN (lanjutan)

38. EVENTS AFTER FINANCIAL REPORTING PERIOD (continued)

Entitas Anak (lanjutan) Subsidiaries (continued)

Utang Bank Jangka Pendek (lanjutan) Short-term Bank Loan (continued)  Menjual atau mengalihkan aset tidak bergerak maupun

aset GT lainnya dengan nilai lebih besar dari Rp200.000.000.

 Melakukan pengalihan atau pelepasan utang GT kepada pihak lain termasuk namun tidak terbatas pada pengalihan melalui mekanisme novasi, cessie, atau bentuk pengalihan lainnya

 Melakukan perubahan atas ketentuan dalam perjanjian Kerja Sama Operasi dengan PT Surya Citra Multimedia.

 Sell or transfer fixed assets or other assets with a value greater than Rp200,000,000.

 Transfer or discharge the debt of GT to other parties, including but not limited to the transfer through novation mechanism, cessie, or other forms of transfer

 Make amendments in the joint operation agreement with PT Surya Citra Multimedia

Perubahan Dewan Komisaris dan Direksi Changes in the Board of Commissioners and Director Berdasarkan Akta Notaris Ir. Nanette Cahyanie Handari

Adi Warsito, S.H. No. 45 tanggal 17 Juni 2016, susunan Dewan Komisaris dan Direksi GT pada tanggal 17 Juni 2016 adalah sebagai berikut:

Based on the Notarial Deed of Ir. Nanette Cahyanie Handari Adi Warsito, S.H. No.45 dated June 17, 2016, the composition of GT‟s Boards of Commisioners and Directors as of June 17, 2016 are as follows:

Dewan Komisaris/Board of Commissioners

Komisaris Utama Evy Soenarjo President Commissioner

Komisaris Januar Chandra Commissioner

Komisaris Independen Temi Efendi Independent Commissioner

Direksi/ Directors

Direktur Utama Djoko Harijanto President Director

Direktur Octaviane N.A. Mussu Director

Direktur Noni Cusila Director

Direktur Nelson Parulian Lenggu Director

Direktur Independen Hermin Hartono Independent Director

Akta tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia melalui surat keputusan No. AHU-AH.01.03-0059016 tanggal 20 Juni 2016.

These amendments were approved by the Minister of Laws and Human Rights of Republic of Indonesia through his decision letter No. AHU-AH.01.03-0059016 dated June 20, 2016.

Surat Ketetapan Pajak Tax Assessment Letter

Pada tahun 2016, GT, entitas anak, menerima beberapa Surat Tagihan Pajak sebesar Rp4.882.642.746 dengan rincian sebagai berikut :

In 2016, GT, subsidiary, received several tax collection letters (STP/”Surat Tagihan Pajak”) amounted to Rp4,882,642,746, with the details as follows:

1. Pajak Penghasilan pasal 25 masa Januari 2016 sebesar Rp1.482.239.762

2. Pajak Penghasilan pasal 25 masa Februari 2016 sebesar Rp1.714.732.274

3. Pajak Penghasilan pasal 25 masa Maret 2016 sebesar Rp1.685.670.710

1. Income Tax article 25 period of January 2016 amounted to Rp1,482,239,762

2. Income Tax article 25 period of February 2016 amounted to Rp1,714,732,274

3. Income Tax article 25 period of March 2016 amounted to Rp1,685,670,710

Pada tahun 2016, GD, entitas anak, menerima beberapa Surat Tagihan Pajak sebesar Rp7.900.325.456 dengan rincian sebagai berikut :

In 2016, GD, subsidiary, received several tax collection letters (STP/”Surat Tagihan Pajak”) amounted to Rp7,900,325,456, with the details as follows:

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38. PERISTIWA SETELAH PERIODE PELAPORAN KEUANGAN (lanjutan)

38. EVENTS AFTER FINANCIAL REPORTING PERIOD (continued)

Entitas Anak (lanjutan) Subsidiaries (continued)

Surat Ketetapan Pajak (lanjutan) Tax Assessment Letter (continued) 1. Pajak Penghasilan pasal 25 masa Januari 2016

sebesar Rp854.124.374.

2. Pajak Penghasilan pasal 25 masa Februari 2016 sebesar Rp839.890.634.

3. Pajak Penghasilan pasal 25 masa Maret 2016 sebesar Rp825.656.894.

4. Pajak Penghasilan pasal 25 masa April 2016 sebesar Rp811.423.155.

5. Pajak Penghasilan pasal 25 masa Mei 2016 sebesar Rp797.189.415.

6. Pajak Penghasilan pasal 25 masa Juni 2016 sebesar Rp782.855.676.

7. Pajak Penghasilan pasal 25 masa Juli 2016 sebesar Rp768.721.936.

8. Pajak Penghasilan pasal 25 masa Agustus 2016 sebesar Rp754.388.197.

9. Pajak Penghasilan pasal 25 masa September 2016 sebesar Rp740.154.457.

10. Pajak Penghasilan pasal 25 masa Oktober 2016 sebesar Rp725.920.718.

1. Income Tax article 25 period of January 2016 amounted to Rp854,124,374.

2. Income Tax article 25 period of February 2016 amounted to Rp839,890,634.

3. Income Tax article 25 period of March 2016 amounted to Rp825,656,894.

4. Income Tax article 25 period of April 2016 amounted to Rp811,423,155.

5. Income Tax article 25 period of May 2016 amounted to Rp797,189,415.

6. Income Tax article 25 period of June 2016 amounted to Rp782,855,676.

7. Income Tax article 25 period of July 2016 amounted to Rp768,721,936.

8. Income Tax article 25 period of August 2016 amounted to Rp754,388,197.

9. Income Tax article 25 period of September 2016 amounted to Rp740,154,457.

10. Income Tax article 25 period of October 2016 amounted to Rp725,920,718.

39. STANDAR AKUNTANSI BARU 39. NEW ACCOUNTING STANDARDS

Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (“DSAK”) telah menerbitkan amandemen atas beberapa standar akuntansi yang mungkin berdampak pada laporan keuangan konsolidasian.

The Financial Accounting Standards Board of the Indonesian Institute of Accountants (“DSAK”) has released amendments to several accounting standards that may have certain impact on the consolidated financial statements.

Standar berikut ini berlaku untuk laporan keuangan konsolidasian yang periodenya dimulai pada atau setelah tanggal 1 Januari 2016:

The following standards are effective for consolidated financial statements for the period commencing from on or after January 1, 2016:

- Amendemen PSAK No. 4 (2015) - “Laporan Keuangan Tersendiri tentang Metode Ekuitas dalam Laporan Keuangan Tersendiri”;

- Amendments to PSAK No. 4 (2015) - “Separate Financial Statements: Equity Method in Separate Financial Statements”;

- Amandemen PSAK No. 15 (2015) - “Investasi pada Entitas Asosiasi dan Ventura Bersama tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”;

- Amendments to PSAK No. 15 (2015) - “Investments in Associates and Joint Ventures - Investment Entities: Applying the Consolidation Exception”;

- Amandemen PSAK No. 16 (2015) - “Aset Tetap tentang Klarifikasi Metode yang Diterima untuk Penyusutan dan Amortisasi”;

- Amendments to PSAK No. 16 (2015) - “Fixed Assets: Clarification of Acceptable Methods of Depreciation and Amortization”;

- Amandemen PSAK No. 19 (2015) - “Aset Takberwujud tentang Klarifikasi Metode yang Diterima untuk Penyusutan dan Amortisasi”;

- Amendments to PSAK No. 19 (2015) - “Intangible Assets: Clarification of Acceptable Methods of Depreciation and Amortization”;

- Amandemen PSAK No. 24 (2015) - “Imbalan Kerja tentang Program Imbalan Pasti: Iuran Pekerja”;

- Amendments to PSAK No. 24 (2015) - “Employee Benefits - Defined Benefit Plans: Employee Contributions”;

- Amandemen PSAK No. 65 (2015) - “Laporan Keuangan Konsolidasian tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”;

- Amendments to PSAK No. 65 (2015) - “Consolidated Financial Statements: Investment Entities: Applying the Consolidation Exception”;

- Amandemen PSAK No. 66 (2015) - “Pengaturan Bersama: Akuntansi Akuisisi Kepentingan dalam Operasi Bersama”;

- Amendments to PSAK No. 66 (2015) - “Joint Arrangements: Accounting for Acquisitions of Interests in Joint Operations”;

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39. STANDAR AKUNTANSI BARU (lanjutan) 39. NEW ACCOUNTING STANDARDS (continued) - Amandemen PSAK No. 67 (2015) - “Pengungkapan

Kepentingan dalam Entitas Lain: Entitas Investasi: Penerapan Pengecualian Konsolidasi”;

- Amendments to PSAK No. 67 (2015) - “Disclosure of Interests in Other Entities: Investment Entities: Applying the Consolidation Exception”;

- PSAK No. 5 (Penyesuaian 2015) - "Segmen Operasi”; - PSAK No. 5 (2015 Improvement) - "Operating Segments”;

- PSAK No. 7 (Penyesuaian 2015) - "Pengungkapan Pihak-Pihak Berelasi”;

- PSAK No. 7 (2015 Improvement) - "Related Party Disclosure”;

- PSAK No. 13 (Penyesuaian 2015) - "Properti

Investasi”; - PSAK No. 13 (2015 Improvement) - "Investment Property”;

- PSAK No. 16 (Penyesuaian 2015) - "Aset Tetap”; - PSAK No. 16 (2015 Improvement) - "Property, Plant, and Equipment”;

- PSAK No. 19 (Penyesuaian 2015) - "Aset

Takberwujud”; - PSAK No. 19 (2015 Improvement) - "Intangible Assets”;

- PSAK No. 22 (Penyesuaian 2015) - "Kombinasi

Bisnis”; - PSAK No. 22 (2015 Improvement) - "Business Combination”;

- PSAK No. 25 (Penyesuaian 2015) - "Kebijakan Akuntansi, Perubahan Estimasi Akuntansi dan Kesalahan”;

- PSAK No. 25 (2015 Improvement) - "Accounting Policies, Changes in Accounting Estimates and Errors”; - PSAK No. 53 (Penyesuaian 2015) - "Pembayaran

Berbasis Saham”; - PSAK No. 53 (2015 Improvement) - "Share-Based Payment”;

- PSAK No. 68 (Penyesuaian 2015) - "Pengukuran Nilai

Wajar”; - PSAK No. 68 (2015 Improvement) - "Fair Value Measurement”;

Standar berikut ini berlaku untuk laporan keuangan konsolidasian yang periodenya dimulai pada atau setelah tanggal 1 Januari 2017:

The following standard is effective for consolidated financial statements for the period commencing from on or after January 1, 2017:

- Amandemen PSAK No. 1 (2015) - “Penyajian Laporan Keuangan tentang Prakarsa Pengungkapan”.

- Amendments to PSAK No. 1 (2015) - “Presentation of Financial Statements: Disclosure Initiatives”.

- ISAK No. 31 - “Interpretasi atas Ruang Lingkup PSAK

No. 13: Properti Investasi”. - ISAK No. 31 - Investment Property”.“Interpretation of the Scope of PSAK 13:

- PSAK 3 (Penyesuaian 2016) - "Laporan Keuangan

Interim”. - PSAK 3 (2016 Improvement) “Interim Financial Reporting”.

- PSAK 24 (Penyesuaian 2016) - "Imbalan Kerja”. - PSAK 24 (2016 Improvement) “Employee Benefits”. - PSAK 58 (Penyesuaian 2016) - "Aset Tidak Lancar

yang Dimiliki Untuk Dijual dan Operasi yang Dihentikan”.

- PSAK 58 (2016 Improvement) “Non-current Assets Held for Sale and Discontinued Operation”.

- PSAK 60 (Penyesuaian 2016) - “Instrumen Keuangan -

Pengungkapan” - PSAK 60 (2016 Improvement) “Financial Instruments - Disclosure”.

Standar berikut ini berlaku untuk laporan keuangan konsolidasian yang periodenya dimulai pada atau setelah tanggal 1 Januari 2018:

The following standards are effective for financial statements for the period commencing from on or after January 1, 2018:

- PSAK No. 69 - “Agrikultur”. - PSAK No. 69 - “Agriculture”.

- Amandemen PSAK 2 (2016): “Laporan Arus Kas

tentang Prakarsa Pengungkapan.” - Amendments to PSAK 2 (2016) - “Statements of Cash Flows: Disclosure Initiatives”.

- Amandemen PSAK 46 (2016): “Pajak Penghasilan

tentang Pengakuan Aset Pajak Tangguhan untuk Rugi yang Belum Direalisasi”.

- Amendments to PSAK 46 (2016) - “Income Taxes: Recognition of Deferred Tax Assets for Unrealised Losses”

- Amandemen PSAK No. 16 (2015) - “Agrikultur:

Tanaman Produktif”. - Amendments to PSAK No. 16 (2015) - Bearer Plants”. “Agriculture:

Grup sedang menganalisa dampak penerapan standar akuntansi dan interpretasi tersebut di atas terhadap laporan keuangan konsolidasian Grup.

The Group is still assessing the impact of these accounting standards and interpretations on the Group‟s consolidated financial statements.