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01

Catatan

(a) Angka-angka pada seluruh tabel dan grafik dalam Laporan Tahunanini menggunakan notasi Bahasa Inggris. Dalam Dollar Amerika Serikat(“AS$”), kecuali disebutkan lain.

(b) Semua informasi finansial dalam Laporan Tahunan ini berasal dariLaporan Keuangan Konsolidasi PT Rig Tenders Indonesia Tbk untuktahun buku 2018 yang dimulai dari tanggal 1 April 2017 dan berakhirtanggal 31 Maret 2018.

I. Kilasan Rig Tenders 2018Rig Tenders Highlights 2018

Mitra terpercaya untuk pelayanan logistik energi di Indonesiadan luar negeri, Rig Tenders adalah perusahaan terdepan dalammenjunjung kualitas dan keselamatan setiap pelayaran.

The reliable partner for energy logistic services in Indonesiaand overseas, Rig Tenders is the leading company in quality

and safety of every voyage.

Note

(a) Numerical notations in all tables and graphs in this Annual Reportare in English. In US Dollars (“US$”), unless otherwise stated.

(b) All financial information in this Annual Report was obtained fromPT Rig Tenders Indonesia Tbk’s 2018 Financial Audit Report for the2018 fiscal year started 1 April 2017 and ended 31 March 2018.

Laporan TahunanAnnual Report2018

PT Rig Tenders Indonesia Tbk

02

Ikhtisar Keuangan Financial Highlights

Laporan Posisi Keuangan | Statement of Financial Position

Laporan Laba Rugi | Income Statement

Rasio Keuangan | Key Financial Ratios

Laporan TahunanAnnual Report

2018

PT Rig Tenders Indonesia Tbk Bab I | Chapter I

Revenue

Cost ofRevenue

Gross Loss

Loss ForThe Year

OtherComprehensive Income

Total ComprehensiveLoss Attributable to

the Owners of theCompany

Loss Per Share

Pendapatan

Beban PokokPendapatan

Rugi Bruto

Rugi TahunBerjalan

PenghasilanKomprehensif Lain

Jumlah RugiKomprehensif YangDiatribusikan KepadaPemilik Perusahaan

Rugi Per Saham Dasar

31 Maret 201831 March 2018

31 Maret 201731 March 2017

31 Maret 201631 March 2016

23,401,438

(25,782,336)

(2,380,898)

(14,080,057)

84,216

(13,995,841)

(0.0231)

21,349,961

(26,317,826)

(4,967,865)

(13,051,748)

102,476

(12,949,272)

(0.0214)

29,608,622

(33,390,538)

(3,781,916)

(12,174,713)

24,981

(12,149,732)

(0.0200)

Aset Lancar

Aset Tidak Lancar

Jumlah Aset

Liabilitas Lancar

Liabilitas Tidak Lancar

Jumlah Liabilitas

Jumlah Ekuitas

14,329,603

65,773,390

80,102,993

27,529,497

889,422

28,418,919

51,684,074

25,248,663

93,465,691

118,714,354

19,810,616

20,274,551

40,085,167

78,629,187

Current Assets

Non-Current Assets

Total Assets

Current Liabilities

Non-Current Liabilities

Total Liabilities

Total Equity

31 Maret 201831 March 2018

31 Maret 201731 March 2017

31 Maret 201631 March 2016

17,933,592

82,847,778

100,781,370

34,229,410

872,045

35,101,455

65,679,915

Rasio Lancar

Rugi BrutoTerhadap Pendapatan

Margin Rugi Bersih

Imbal Hasil Aset

Imbal Hasil Ekuitas

Liabilitas terhadap Aset

Liabilitas terhadapEkuitas

52%

(10.17%)

(60.17%)

(17.58%)

(27.24%)

35.48%

54.98%

127%

(12.77%)

(41.12%)

(10.26%)

(15.48%)

33.77%

50.98%

Current Ratio

Gross Loss toRevenue

Net Loss Margin

Return on Assets

Return on Equity

Debts-to-Assets Ratio

Debts-to-EquityRatio

31 Maret 201831 March 2018

31 Maret 201731 March 2017

31 Maret 201631 March 2016

52%

(23.27%)

(61.13%)

(12.95%)

(19.87%)

34.83%

53.44%

03

Ikhtisar Saham Share Highlights

Kondisi tahun fiskal 2018:1. Per 31 Maret 2018, seluruh saham Perseroan sejumlah

609.130.000 saham telah tercatat pada Bursa Efek Indonesia.2. Tidak terjadi aksi pemecahan saham (stock split),

penggabungan saham (reverse stock), dividen saham, sahambonus, dan penurunan nilai nominal saham Perusahaan dalam3 (tiga) tahun fiskal terakhir.

3. Tidak terjadi penghentian sementara perdagangan sahamPerusahaan dalam tahun fiskal terakhir.

The 2018 fiscal year condition:1. As of 31 March 2018, the Company's entire 609,130,000

issued shares were listed on the Indonesia Stock Exchange.2. No occurrence of stock split, reverse stock, share dividends,

bonus shares, and decline of par (nominal) value of theCompany's shares in the past 3 (three) fiscal years.

3. No occurrence of temporary suspension of the Company'sshare trading in the last fiscal year.

Kinerja Saham Stock Perfomance


Data Saham dan Kapitalisasi Pasar Share and Market Capitalization Data

Harga Saham (Rp)Share Price (IDR)

TertinggiHighestTerendahLowestPenutupanClosing

Volume Perdagangan(lembar saham)Trading Volume(shares)

Kapitalisasi Pasar (Rp)Market Capitalization(IDR)

Jumlah Saham Beredar(lembar saham)Number of Shares(shares Volume)

192

151

181

1,111,100

110,252,530

609,130,000

Apr -17

288

193

208

18,558,500

126,699,040

609,130,000

May -17 Jun -17 Jul -17 Aug -17 Sep -17 Oct -17 Nov -17 Dec -17 Jan -18 Feb -18

204

190

191

1,841,800

116,343,830

609,130,000

204

185

199

1,648,800

121,216,870

609,130,000

204

182

199

272,300

121,216,870

609,130,000

222

191

198

1,138,400

120,607,740

609,130,000

210

189

193

614,400

117,562,090

609,130,000

204

179

187

1,983,200

113,907,310

609,130,000

216

180

191

3,821,500

116,343,830

609,130,000

Mar -18

246

167

230

7,614,000

140,099,900

609,130,000

306

214

262

26,628,900

159,592,060

609,130,000

292

240

252

5,467,100

153,500,760

609,130,000

Apr -17

30,000,000

27,500,000

25,000,000

22,500,000

20,000,000

17,500,000

15,000,000

12,500,000

10,000,000

7,500,000

5,000,000

2,500,000

0

Ma y -17 Jun -17 Jul -17 Aug -17 Sep -17 Oct -17 Nov -17 Dec -17 Jan -18 Feb -18 Mar -18

400

350

300

250

200

150

100

50

0

Shares Volume Highest Share Price

Volume Saham(Shares Volume)

Harga Saham Tertinggi(Highest Share Prices)

PT Rig Tenders Indonesia TbkBab I | Chapter I

04

Sertifikasi Certification


2018


05

Peristiwa Penting Event Highlights



06

Laporan Presiden Komisaris President Commissioner's Report

Atas Nama Dewan Komisaris,On Behalf of the Board of Commissioners,

Tatang TabraniPresiden Komisaris & Komisaris Independen

President Commissioner & Independent Commissioner


2018

Para Pemegang Saham,Tahun 2018 telah menunjukkan peningkatan harga batubaradan minyak mentah meskipun industri ini belum mengakhirimasa sulitnya.

Tinjauan Kinerja DireksiUntuk itu, kami mengapresiasi usaha Direksi dalammempertahankan performa Perusahaan dan mengarahkankemudi Perseroan ke arah yang lebih baik.

Selama tahun 2018, Perseroan berhasil terus mendapatkankepercayaan para pelanggan, dan terus mengupayakan kerjasamabaru dengan mengandalkan kekuatan Perseroan dalam kualitasdan keselamatan di setiap operasinya.

Tinjauan Tata Kelola PerusahaanSepanjang tahun buku ini, Dewan Komisaris telah melaksanakantugas supervisi atas kebijakan-kebijakan Perseroan, melakukanrapat Dewan Komisaris maupun rapat bersama Direksi secararutin.

Komite Audit yang bertugas di bawah Dewan Komisaris telahmelaporkan hasil kerja mereka secara periodic.

Propek UsahaMembaiknya perekonomian global diprediksi akan meningkatkanpermintaan komoditas, termasuk batubara dan minyak bumi.Permintaan batubara dalam negeri juga masih meningkat.Dengan begitu, harga komoditas diproyeksikan masih akan positifdi tahun 2019. Ini membawa harapan akan membaiknya kondisipasar bagi Perseroan.

Komposisi Dewan KomisarisTidak terjadi perubahan komposisi Dewan Komisaris sepanjangperiode fiskal 2018.

ApresiasiAtas nama Dewan Komisaris, saya mengucapkan terima kasihpada seluruh pemegang saham dan pemangku kepentinganyang terus memberikan dukungan dan kepercayaan kepadaPerseroan. Sekaligus, kami mengapresiasi seluruh staf Perseroanatas segala upaya dan dedikasinya.

Semoga Perseroan akan semakin berkembang di tahun-tahunke depan.

Dear Shareholders,The year 2018 showed improvement in the prices of coal andcrude oil although the industry has not escape its difficult time.

Board of Directors Performance EvaluationWe appreciate the Board of Directors' efforts in maintaining theCompany's performance and stir the wheel toward betterdirection.

Throughout 2018, the Company managed to secure the loyaltyof its clients and forge new collaboration based on the Company'sefforts in upholding quality and safety in its operation.

Corporate Governance EvaluationThroughout the fiscal year, the Board of Commissioners fulfilledits supervisory duty on the Company's policies, conducting regularmeetings with the Board of Directors.

The Audit Committee, responsible to the Board of Commissioners,reported their findings periodically.

Business ProspectThe recovery of global economy is predicted to bring moredemand for commodity, including the coal and oil. The domesticdemand for coal has been increasing. As such the prices of coaland oil are expected to grow positively in 2019. There is hopeon improved market condition for the Company.

Composition of the Board of CommissionersThere was no change to the composition of Board ofCommissioners during the 2018 fiscal year.

AppreciationOn behalf of the Board of Commissioners, I thank all shareholdersand stakeholders who continues to give their support and trustto the Company. Also, I appreciate all the staff of the Companyfor their effort and dedication.

We hope that the Company will continue to grow in the yearsto come.


07

Laporan Presiden Direktur President Director's Report


Para Pemegang Saham,Sepanjang Tahun Buku 2018 ("FY2018"), baik industri batubaramaupun minyak bumi menunjukkan perbaikan yang stabil. Initerlihat di tren harga yang terus membaik dan jumlah produksikedua komoditas yang terus meningkat. Dengan adanya sinyal-sinyal positif ini, kami optimis namun waspada terhadapdampaknya bagi usaha kami, terutama di sektor minyak dangas.

PerformaDivisi logistik batubara Perseroan menunjukkan hasil yang baikdi tahun buku 2018 karena kami diuntungkan oleh kenaikanproduksi batubara para pelanggan kami. Ini tercermin dipeningkatan volume pengantaran di FY2018 yaitu 11.914.439MT, dibandingkan 11.810.890 MT yang diangkut pada tahunbuku 2017. Sejalan dengan pertumbuhan permintaan pasar,kami terdorong oleh penggunaan armada kami.

Perseroan telah memanfaatkan masa ini untuk terus memperkuatkemampuan operasional Perseroan dengan berfokus padapeningkatan reliabilitas, biaya, dan keamanan. Baik pelatihanmaupun perbaikan terus dilakukan sepanjang tahun.

Alhasil, pelanggan-pelanggan di divisi Batubara terusmempercayai Perseroan dan memperpanjang kontrak kerjasamayang telah berlangsung lama dengan kami dengan kontrak baruyang akan mengutilisasi armada kami selama 2-3 tahun ke depan.Namun, akibat kompetisi yang ketat, biaya sewa kami terus dibawah tekanan.

Di sektor Minyak dan Gas, kami terus menghadapi tantangandalam penyewaan armada kami. Meskipun kegiatan Eksplorasidan Produksi tumbuh, segmen lepas-pantai belum mengikuti.Akibat perlambatan yang berlanjut ini, kami melepaskan salahsatu kapal lepas pandai kami di tahun buku 2018, yangmenghasilkan kerugian substansial akibat penghapusan NilaiBuku Bersih.

Untuk tahun buku 2018, kami mencapai penghasilan AS$ 23,4juta, yang meningkat AS$ 3,1 juta dibandingkan AS$ 21,3 jutayang dibukukan di tahun buku 2017. Pendapatan ini terutamadikontribusikan oleh divisi batubara.

Margin-margin membaik di tahun buku 2018 karena kami terusmeningkatkan rasionalisasi biaya dan efisiensi.

Perseroan mencatat Kerugian Setelah Pajak sebesar AS$ 14 jutapada tahun buku 2018 dibandingkan Kerugian Setelah Pajaksebesar AS$ 13 juta pada tahun buku 2017. Ini disebabkanterutama oleh penghapusan kapal dan penurunan nilai investasipada Joint Venture kami Rig Tenders Offshore Pte Ltd pada saatpelepasan kapal lepas pantai yang disebutkan di atas.

Prospek dan StrategiKonsensus umumnya adalah sektor batubara dan minyak dangas akan terus mengalami pertumbuhan di 2 hingga 3 tahun kedepan. Pasar minyak dan gas akan lebih bergolak daripada pasarbatubara karena lebih besarnya risiko geopolitik yang dihadapi.Untuk produsen batubara di Indonesia, konsumsi domestikseharusnya akan mendorong produksi saat negara ini berusaha

Dear Shareholders,Throughout our Financial Year 2018 (“FY2018”), both the coaland oil industry showed steady recovery. This is reflected in theincreasing trend of prices and increase in production for bothcommodities. Although these are positive signals, we arecautiously optimistic as to its impact to our business, especiallyon the oil and gas sector.

PerformanceThe Company's coal logistics division performed well in FY2018as we benefitted from the rise in coal production of our customers.This was reflected in the increased volume carried in FY2018 of11,914,439 MT compared with the 11,810,890 MT shipped inFY2017. As the market continues to enjoy increased demand,we are encouraged by the utilization of our fleet.

The Company has utilized this period to continue to strengthenthe Company's operational capabilities, focusing on reliability,cost, and safety improvements. Both trainings and improvementswere continuously performed throughout the year.

As the result, the Company's Coal division clients have put theirtrust in Rig Tenders by renewing our long-standing relationshipwith new term contracts that keeps our vessels utilized over thenext 2-3 years. Nevertheless, with intense competition, ourcharter rates continue to come under pressure.

On the Oil and Gas sector, we continue to face challenges inchartering our vessels. Even as activities in the Exploration andProduction increased, the offshore segment is lagging in pick up.Due to the continued slowdown, we disposed one of our offshorevessel during FY2018, which resulted in a substantial loss due tothe write off in Net Book Value.

For FY2018, we achieved revenue of US$ 23.4 million, an increaseover US$ 3.1 million than US$ 21.3 million attained in FY2017.The revenues were mainly contributed by our coal division.

Our margins improved in FY2018 as we continue with costrationalization and efficiency improvements.

The Company recorded a Loss After Tax of US$ 14 milion forFY2018 compared to a Loss After Tax of US$ 13 milion incurredin FY2017. This was largely due to the vessel write down andimpairment on the investment value of our Joint Venture, RigTenders Offshore Pte Ltd upon the disposal of the offshore vesselmentioned earlier.

Prospect & StrategyThe general consensus is that both the coal and Oil and Gassectors will see growth over the next 2 to 3 years. The oil andgas market would be more volatile than coal as it's geopoliticalrisks are greater. For Indonesian coal producers, domesticconsumption should drive production as the country tries toattain the 30% energy mix for power production.


08

Atas Nama Direksi,On Behalf of the Board of Directors,

Mr Abdul Rahman AbbasPresiden Direktur & Direktur IndependenPresident Director & Independent Director


2018

untuk mencapai bauran energi sebesar 30% untuk produksilikstriknya. Terlebih lagi, ekonomi global yang diharapkan akanmembaik akan mendorong permintaan komoditas, terutamauntuk batubara dan minyak.

Armada logistik batubara kami diharapkan akan terus menikmatitingkat utilisasi yang tinggi dengan adanya kontrak-kontrak barudan peningkatan produksi. Namun, kami akan terus menghadapitantangan di segmen kapal lepas pantai. Secara keseluruhan,Perseroan optimis bahwa FY2019 akan memberikan performaoperasional yang lebih baik daripada FY2018.

Kami terus mencari kesempatan-kesempatan baru untukbertumbuh dan mendiversifikasi usaha kami dan mengkapitalisasipasar logistik yang baik ini.

Tata Kelola PerseroanDireksi secara berkala melakukan rapat bersama Dewan Komisarisuntuk membahas kondisi industri, strategi usaha, dan kinerjabisnis.

Perseroan juga berhasil melanjutkan tradisi Zero Incident (NihilKecelakaan) dengan melakukan safety management yang baik.

Komposisi DireksiSelama FY2018, kami menghadapi pengunduran diri Wan RuzlanIskandar Bin Wan Salaidin dan Angeline Kee Hui Ling dari posisimereka sebagai Direktur. Kami mengapresiasi komitmen dantuntunan yang mereka berikan bagi Perseroan selama masapenuh tantangan dan mendoakan perjalanan mereka di masamendatang.

Kami dengan hangat menyambut Chacko Kunjuvaru dan MasturaBinti Mansor di jajaran Direksi sebagaimana yang disetujui olehRapat Umum Pemegang Saham Tahunan 2017. Mereka berduakaya pengalaman dan kami menantikan kontribusi berhargamereka.

ApresiasiSaat kita terus mengarungi masa penuh tantangan ini, banyakpihak-pihak yang berkontribusi dan mendukung kami. Kamiberharap untuk menyampaikan apresiasi kami pada parapemegang saham, Dewan Komisaris, seluruh tim Rig Tenders,serta semua pemangku kepentingan.

Mari kita terus membangun masa depan bagi Perseroan dansemuanya dengan menyediakan layanan logistik komoditasterbaik dan lainnya.

In addition, the expected better global economy will probablydrive up the demand for commodities, including for coal and oil.

Our coal logistic fleet should continue to enjoy high utilizationrates with the new contracts in place and increased production.However, we will continue to face challenges in the offshorevessel segments. On the whole, the Company is optimistic thatFY2019 will see a better operational performance from FY2018.

We continue to explore fresh opportunities for growth and todiversify our business and capitalize on the current buoyantlogistics market.

Corporate GovernanceThe Board of Directors regularly conducts joint-meetings withthe Board of Commissioners to discuss issues on industryconditions, business strategies and business performance.

The Company also continued its Zero Incident policy byemphasizing on excellence in safety management.

Composition of the Board of DirectorsDuring FY2018, we saw the resignation of both Wan RuzlanIskandar Bin Wan Salaidin and Angeline Kee Hui Ling resignedas directors of the Company. We express our appreciation forthe commitment and endeavor in guiding the Company duringthis challenging time and wish them the very best in their futureendeavors.

We are pleased to welcome Chacko Kunjuvaru and Mastura BintiMansor to the Board as approved in the 2017 Meeting ofShareholders. They both bring with them a wealth of experiencesand we look forward to their valuable contributions.

AppreciationAs we continue to navigate through this difficult period, thereare many parties that have contributed and supported us. Wewish to record our appreciation to our shareholders, the Boardof Commissioners, all Rig Tenders team members, as well as allthe stakeholders.

Let us build a better future for the Company and for all bycontinuing to provide the best commodity logistic services andbeyond.


II. Profil Perusahaan Company Profile

Sejarah Perseroan Company History

09Laporan TahunanAnnual Report2018


PT Rig Tenders Indonesia Tbk (“Perseroan” atau “Rig Tenders”)adalah perusahaan publik berbasis di Indonesia yang bergerakdi penyediaan jasa logistik bagi industri energi, terutama industribatubara dan industri minyak dan gas.

Perseroan awalnya didirikan sebagai perseroan terbatas, sebuahjoint-venture antara Bapak Boedihardjo Satrohadiwirjo denganRig Tenders Inc dalam rangka Undang-Undang Penanaman ModalAsing No. 1 Tahun 1967 jo. Undang-Undang No. 11 Tahun 1970.

Perseroan mencatat sahamnya di Bursa Efek Indonesia dengankode saham “RIGS” pada tanggal 5 Maret 1990.

PT Rig Tenders Indonesia Tbk (“the Company” or “Rig Tenders”)is an Indonesia-based public-listed logistic services provider forenergy industry, particularly coal industry and oil andgas industry.

The Company was initially established as a limited liabilitycompany, a joint venture company by Mr BoedihardjoSastrohadiwirjo and Rig Tenders Inc in the framework of theForeign Capital Investment Law No No 1 Year 1967 as amendedby Law No. 11 Year 1970.

The Company listed its shares on the Indonesia Stock Exchangewith share code “RIGS” on March 5 1990.

Visi & Misi Vision & Mision

Untuk memberikan imbalan hasil yang optimal bagi seluruhpemegang saham.

To provide optimal returns to all shareholders.

Untuk menjadi perusahaan regional yang dihormati dalam bisnistransportasi laut dan dukungan operasi lepas pantai.

To become highly respected regional company in the marinetransportation and offshore operations support service industry.

10Laporan Tahunan

Annual Report2018

PT Rig Tenders Indonesia Tbk Bab II | Chapter II

Berdiri sebagai perusahaanjoint-venture.

Established as a joint-venturecompany.

1974 1990

Mencatatkan sahamnyapertama kali di Bursa Efek

Indonesia.

Listed on the Indonesian StockExchange.

2010Mendirikan anak perusahaanbernama Rig Tenders Marine

Pte Ltd di Singapura.

Established a subsidiary namedRig Tenders Marine Pte Ltd in

Singapore.

Mendirikan perusahaan joint-venture bernama Rig Tenders

Offshore Pte Ltd.

Established a joint-ventureCompany named Rig Tenders

Offshore Pte Ltd.

2012Mengakuisisi 100% saham yangdimiliki Scomi Marine ServicesPte Ltd di 3 (tiga) perusahaanyang berbasis di Singapura CH

Logistics Pte Ltd, CH ShipManagement Pte Ltd, danGrundtvig Marine Pte Ltd.

Acquired 100% shares ownedby Scomi Marine Services Pte

Ltd at 3 (three) Singapore-basedcompanies: CH Logistics Pte Ltd,CH Ship Management Pte Ltd,and Grundtvig Marine Pte Ltd.

2015 Menerima sertifikat VHSE-MSdari Husky-CNOOC Madura Ltdyang menyatakan Perseroantelah lulus fase pra-kualifikasi

VHSE

Received VHSE-MS certificationfrom Husky-CNOOC Madura Ltd

certifying that the Companypassed the VHSE pre-qualification phase.

2017

Kepemimpinan Direksi baruuntuk mengembangkan usaha

yang lebih cepat dan sehat.

Fresh leadership of the Boardof Directors' for more agile and

healthy growth.

2018

Menghentikan operasi ScomiVessels Pte Ltd, anak

perusahaan tidak langsung yangberbasis di Labuan, Malaysia

Ceased the operation of ScomiVessels Pte Ltd, an indirectsubsidiary based in Labuan,

Malaysia.

Bidang Usaha Business Activity

Keunggulan Rig Tenders Rig Tenders Excellence

Kualitas |Quality

Business Lines Lepas Pantai |Offshore

Batubara |Coal

Jasa Lainnya |Other Services

Pengangkutan Kapal di Pelabuhan | Vessel Mooring at Port

Pengangkutan dan Pengantaran | Transportation and Delivery

Penunjang untuk eksplorasi, pengembangan dan produksiminyak dan gas bumi | Services for oil and gas fieldexploration, development and production

Manajemen Kapal | Ship Management

Manajemen Kru | Crew Management

Jasa Bunker | Bunker Service

Sumber Daya Manusia Berkualitas |Quality Human Resources

Armada Berkualitas |Quality Vessels

Peralatan Berkualitas |Quality Equipment

Pengelolaan Berkualitas |Quality Management

Layanan Berkualitas |Quality Services

KomitmenKeselamatan :Nihil Insiden |

SafetyCommitment:Zero Incident

Nihil Kecelakaan |No Accident/Incident

Nihil Kerugian Waktu Kerja |No Lost Time Injury

Nihil Kebakaran |No Fire

Nihil Ledakan |No Explosion

Nihil Tumpahan |No Spillage


PT Rig Tenders Indonesia TbkBab II | Chapter II

Jasa Boga | Chartering Service

Armada Fleet

12

2 Accommodation Work Barges

21 Barges

36 Tug Boats

7 Self-Discharging Barges


2018

PT Rig Tenders Indonesia Tbk Bab II | Chapter II

Daerah Operasional Operational Areas


PT Rig Tenders Indonesia TbkBab II | Chapter II

13

III. Diskusi dan Analisa ManajemenManagement Discussion and Analysis

Tinjauan Umum General Review

Tinjauan Kinerja Operasional Operasional Performance Review

14

Batubara serta minyak dan gas terus menjadi sumber energiutama untuk pembangkit listrik di Indonesia pada tahun 2017.

Total konsumsi batubara pada pembangkit listrik tahun 2017mencapai 83 juta ton atau 86% dari total konsumsi batubaradomestik. Dan industri domestik lainnya seperti semen, tekstil,pupuk dan karet mengkonsumsi 13,7 juta ton batubara.

Dalam peta jalan Kebijakan Energi Nasional (KEN), pemanfaatanbatubara dalam bauran energi nasional ditargetkan sekitar 30%pada tahun 2025 dan turun menjadi 25% pada tahun 2050. Halini menunjukkan bahwa batubara masih akan menjadi sumberenergi utama untuk pembangkit listrik di Indonesia hingga 2050.

Harga batubara acuan periode Maret 2018 bahkan mencapaiAS$ 101,85 per ton, yaitu titik tertinggi dalam enam tahunterakhir. Ini adalah indikasi positif.

Di Indonesia yang merupakan negara kepulauan, tulang punggunguntuk transportasi batubara dan agregat lainnya adalah melaluitransportasi laut. Namun, tantangannya adalah peraturanpemerintah Indonesia yang memprioritaskan perusahaandomestik yang sahamnya mayoritas dimiliki oleh lokal.

Coal as well as oil and gas continued to take the role as the mainenergy source for power plants in Indonesia in 2017.

Total coal consumption for electricity power plant in 2017 reached83 million tons or 86% of total domestic coal consumption. Andother domestic industry such as cement, textile, fertilizer andrubber industry, consumed around 13.7 million tons of coals.

In the National Energy Policy roadmap, the utilization of coal inthe national energy mix is set at around 30% in the year 2025,and to decrease to 25% in the year 2050. This shows that coalwill remain major energy source for powerplant in Indonesiauntil 2050.

The coal reference price for March 2018 even reached US$ 101.85per ton, which was the highest price in the past six years. Thiswas a positive indication.

In Indonesia as an archipelago country, the backbone for coaland aggregates transportation is by sea transportation. However,the challenge is that the government regulations prioritizedomestic companies whose major shareholders are locals.

Menghadapi berbagai tantangan ini, Perseroan terus melakukanefisiensi dan ekspansi dengan melancarkan strategi yang tepat.

Perseroan telah bertahun-tahun menjalin hubungan baik denganklien-klien Perseroan dengan penyediakan pelayanan menyeluruholeh kru berpengalaman dan kapal-kapal dalam kondisi baik.Kombinasi ini memungkinkan mereka beroperasi di berbagaikondisi untuk memastikan kecepatan keselamatan pengantaranbatubara dan agregat lainnya.

Atas implementasi itu, performa Perseroan menunjukkan hasilsebagai berikut:

Facing the challenges, the Company continued to be more efficientand to expand by implementing the right strategy.

For years, the Company has been forming great partnership withour customers by providing complete services delivered byexperienced crew and well-maintained vessels. This combinationallows them to operate under various condition to ensure speedy,safe delivery of coals and other aggregates.

As the result, the Company's performance showed:

BatubaraCoal

Lepas PantaiOffshore

JumlahTotal

Pendapatan (Penuh)Revenue (Full)

Kontribusi terhadap PendapatanContribution to Revenue

%Perubahan

Change%

Segmen UsahaBusiness Segment

2017 2017

20,874,973

474,988

21,349,961

97.78%

2.22%

100%

11%

(82%)

23,317,540

83,898

23,401,438

2018 2018

99.64%

0.36%

100%

Segmen batubara menjadi penyumbang utama untukpendapatan Perseroan di tahun 2018.

Coal segment was the major contributor to the Company's incomein 2018.



2018

Contribution by Business SegmentKontribusi per Segmen Usaha

Segmen BatubaraSegmen Batubara memberikan pelayanan jasa transportasibatubara. Perseroan telah mendapatkan kepercayaan dariberbagai pelanggan, termasuk:

Coal SegmentThe coal segment focused on coal logistic service. The Companyhad earned loyal trust from various customers, including:

KlienClient

LayananServiceNo.

Kontrak sewa kapalVessel charter contract

Kontrak pengangkutan batubaraCoal barging contract

Kontrak pengangkutan batubaraCoal barging contract

Penyewaan ruang di kapal-kapal untuk pengangkutanbatubaraCharter of spaces in its vessels (spot charter) forcoal transportation

1.

2.

3.

4.

PT Adaro Indonesia

PT Maritim Barito Perkasa

PT Arutmin Indonesia

Spot charters, including:• PT Pelita Samudra Shipping• PT Lalang Sarana Samudra• Prima Karya Maritim• Koperasi Serba Usaha Basiru• PT Trust Eadyra Line• PT Permata Bahari Shipping• PT Elisha Milan Tankers• PT Bukit Prima Bahari• Trans Power Marine• MBSS

Segmen Lepas PantaiSegmen Lepas Pantai menyediakan jasa kapal pendukung lepaspantai termasuk supply vessels dan accommodation work barges.Klien Perseroan di Segmen Lepas Pantai meliputi:

Offshore SegmentThe Offshore Segment provided offshore support vessel servicesincluding supply vessels and accommodation work barges.The Company's clients in the offshore support vessel servicesincluded:

PT Kanaya

Transenergy Shipping Pte Ltd

Charters, including:• PT Trijaya Global Marindo• PT Pertamina EP

KlienClient

LayananService

No.

Perjanjian kerjasama keagenan kapal-kapal dimana PT Kanaya memberikanjasa keagenan atas kapal-kapal Perseroan yang beroperasi di wilayahPertamina Hulu ONJW Ltd, CNOOC, dan wilayah Laut Jawa.Agency agreement in which PT Kanaya gives agency service to the Company'svessels operating in Pertamina Hulu Energi ONWJ Ltd, CNOOC, and Java Seaareas.

Kontrak manajemen kapalShip management contract

Penyewaan kapal-kapal untuk kapal lepas pantaiCharter of vessels for offshore vessels

1.

3

PT Rig Tenders Indonesia TbkBab III | Chapter III


2.

Tinjauan Kinerja Operasional Operasional Performance Review

Pendapatan Revenue

16

Laporan keuangan Perseroan untuk tahun buku yang berakhirpada tanggal 31 Maret 2018 diaudit oleh Kantor Akuntan Publik(KAP) KPMG Siddharta Widjaja & Rekan, dengan opini bahwalaporan keuangan konsolidasian Perseroan menyajikan secarawajar, dalam semua hal yang material, posisi keuangankonsolidasian Perseroan tanggal 31 Maret 2018 serta kinerjakeuangan dan arus kas konsolidasiannya untuk tahun yangberakhir pada tanggal tersebut, sesuai dengan Standar AkuntansiKeuangan di Indonesia.

The Company's consolidated financial statements ending 31March 2018 are audited by Public Accountants Firm KPMGSiddharta Widjaja & Partners with an opinion that theconsolidated financial statements present fairly, in all materialrespects, the consolidated financial position of the Company asof 31 March 2018, and its consolidated financial performanceand its consolidated cash flows for the year then ended, inaccordance with Indonesian Financial Accounting Standards.

PT Maritim Barito Perkasa

PT Arutmin Indonesia

PT Adaro Indonesia

Lainnya (masing-masing di bawah 10% pendapatan)Others (each below 10% revenue)

Sub-jumlahSub-total

PerubahanChange

%

30,000

30,000

21,349,961

DeskripsiDescription 2018 2017

Pendapatan dari sewa kapalRevenue from charter of vessels

4.73%

62.95%

(41.18%)

(36.08%)

9.62%

0%

0%

9.61%

Pendapatan Usaha LainnyaOther Revenue

Lain-lainOthers

Sub-jumlahSub-total

JumlahTotal

8,094,945

11,091,062

1,737,334

2,448,197

23,371,438

30,000

30,000

23,401,438

7,729,554

6,806,596

2,953,796

3,830,015

21,319,961

Pendapatan dari penyewaan kapal meningkat 9,6% di tahun2018 dibandingkan tahun sebelumnya. Ini menunjukkan bahwaPerseroan terus mendapatkan kepercayaan pelanggan.

The revenue from charter of vessels increased 9.6% in 2018compared to the previous year. This showed that the Companycontinued to earn the trust of customers.

PT Rig Tenders Indonesia Tbk Bab III | Chapter III


2018

Beban Pokok Pendapatan Cost of Revenue

Beban Umum & Administrasi & Beban Keuangan General & Administrative Expense & Finance Cost

Penyusutan kapal

Bahan bakar dan pelumas

Perbaikan dan perawatan kapal dansewa peralatan

Beban awak kapal

Beban yang berkaitan denganpengangkutan

Asuransi

Perlengkapan dek

Pajak final

Beban penurunan nilai

Lain-lain(masing-masing di bawah AS$300.000)

Total

PerubahanChange

%

12,239,798

6,025,043

1,106,873

2,499,957

2,435,189

700,704

623,588

266,420

-

420,254

26,317,826

Deskripsi 2018 2017

Depreciation of vessels

Oil and lubricants

Repairs and maintenance of vesselsand rental of equipment

Crew costs

Freight related expenses

Insurance

Deck supplies

Final tax

Impairment expenses

Others (each below US$ 300,000)

Total

Description

(13.81%)

16.87%

(1.22%)

(10.78%)

(13.74%)

(10.01%)

(9.24%)

22.02%

-

(50.56%)

(2.03%)

10,549,590

7,041,330

1,093,404

2,230,547

2,100,701

630,538

565,955

325,073

1,037,415

207,783

25,782,336

Secara umum, Perseroan berhasil menekan beban-beban danmeningkatkan efisiensi. Beban penyusutan kapal yang merupakankontributor beban terbesar berkurang 13,81% karena Perseroanmelepaskan kapal-kapal yang tidak produktif. Sedangkankontributor selanjutnya yaitu beban Bahan bakar dan pelumasmengalami peningkatan 16,87% karena meningkatkan aktivitasusaha.

In overall, the Company managed to minimize expenses andimprove efficiency. Depreciation of vessels, which was the largestexpense contributor, was reduced by 13.81% because theCompany let go of unproductive vessels. Meanwhile, the nextlargest expense contributor, namely expense for oil and lubricantsincreased by 16.87% because of more business activities.

Gaji, upah dan tunjangan

Denda pajak

Jasa profesional

Pemeliharaan kantor dan peralatan

Perjalanan dinas

Perjamuan

Sewa

Penyusutan

Pajak

Lain-lain (masing-masing di bawahAS$200.000)

Total

PerubahanChange

%

1,818,764

527,013

296,670

116,679

48,847

72,334

119,835

62,381

5,331

256,521

3,324,375

Deskripsi 2018 2017 Description

Salaries, wages and employeebenefits

Tax Penalty

Professional fees

Maintenance of premises andequipment

Travel

Entertainment

Rental

Depreciation

Tax

Others (each below US$200,000)

Total

(21.93%)

50.71%

32.96%

55.33%

95.01%

(32.30%)

(32.62%)

(55.91%)

5390.25%

(1.26%)

7.94%

1,419,902

794,254

394,455

181,236

95,255

48,968

80,741

27,506

292,685

253,294

3,588,296

Pengeluaran terbesar di tahun buku 2018 yaitu gaji, upah dantunjangan turun 21,9% dibandingkan tahun buku sebelumnyakarena keberhasilan pelatihan sehingga efisiensi staf semakinmeningkat.

The biggest expense during the 2018 fiscal year, namely salaries,wages and employee benefits was reduced by 21.9% comparedto prior year's book because of training succeed that workers'efficiency improved.



Profitabilitas Profitability

Aset Assets

Liabilitas dan Ekuitas Liabilities and Equity

18

Rugi Bruto

Rugi Operasi

Rugi Tahun Berjalan

Penghasilan Komprehensif Lain

Jumlah Rugi Komprehensif yangDiatribusikan Kepada PemilikPerusahaan

Rugi Per Saham

PerubahanChange

%

(2,380,898)

(6,508,340)

(14,080,057)

84,216

(13,995,841)

(0.0231)


(52.07%)

(28.82%)

7.88%

(17.82%)

8.08%

7.94%

Gross Loss

Operating Loss

Loss for the Year

Other Comprehensive Income

Total Comprehensive LossAttributable to Owners of the

Company

Loss per Share

(4,967,865)

(9,144,050)

(13,051,748)

102,476

(12,949,272)

(0.0214)

Perseroan mengalami Rugi per Saham di tahun buku 2018 hingga7,94% lebih rendah daripada tahun buku 2017 akibat industribatubara dan minyak yang masih berupaya bangkit, serta tekanandari harga sewa.

The Company experienced 7.94% drop in Loss per Share duringthe 2018 fiscal year in comparison to the 2017 fiscal year dueto pressure from the still-recovering coal and oil industry, andpressure of lower rental fee.

Aset Lancar

Aset Tidak Lancar

Jumlah Aset

PerubahanChange

%Deskripsi 2018 2017 Description

(20.10%)

(20.61%)

(20.52%)

Current Assets

Non Current Assets

Total Assets

17,933,59282,847,778

100,781,370

14,329,603

65,773,390

80,102,993

Jumlah Aset turun sekitar 21% baik Aset Lancar maupun TidakLancar dibandingkan tahun buku 2017 karena penjualan kapal.

Manajemen telah melakukan meninjau atas estimasi manfaatekonomis aset tetap dan menemukannya layak.

Total Assets decreased by around 21%, including both Currentand Non-current Assets, compared to the 2017 fiscal year becauseof the sale of vessels.

The management reviewed the estimated useful lives of fixedassets and found them to be appropriate.

27,529,497

889,442

28,418,919

51,684,074

80,102,993

34,229,410

872,045

35,101,455

65,679,915

100,781,370

(19.57%)

1.99%

(19.04%)

(21.31%)

(20.52%)

Current Liabilities

Non-current Liabilities

Total Liabilities

Total Equity

Total Liabilities andEquity

Liabilitas Lancar

Liabilitas Tidak Lancar

Jumlah Liabilitas

Jumlah Ekuitas

Jumlah Liabilitas danEkuitas

PerubahanChange

%Deskripsi 2018 2017 Description

Jumlah Liabilitas di tahun 2018 menurun 19% dibandingkantahun sebelumnya dikarenakan penurunan hutang lain-lain,akrual dan pinjaman bank jangka panjang.

Total Liabilities during the 2018 fiscal year decreased by around19% compared to the previous year because of lower debts,accrual and long-term bank loans.



2018

19

Arus Kas Cash Flow

Kemampuan Membayar Hutang Solvency

Tingkat Kolektibilitas Piutang Accounts Receivable Collectibility

Struktur Modal Capital Structure



Kas

Kas neto diperoleh dariaktivitas operasi

Kas neto digunakan untukaktivitas investasi

Kas neto digunakan untukaktivitas pendanaan

PerubahanChange

%

2,831,469

22,136

(132,291)

(3,962,435)

Deskripsi 2018 2017

6,904,059

8,268,146

(3,926,670)

(1,257,933)

Description

Cash

Net cash provided fromoperating activities

Net cash used in investingactivities

Net cash used in financingactivities

(58.99%)

(99.73%)

(96.63%)

215%

Di tahun buku 2018, Perseroan mengurangi kegiatan investasikarena berfokus pada perbaikan kinerja internal.

During the 2018 fiscal year, the Company reduced its investingactivities to focus on internal operational overhaul.

54.99%

35.48%

52.05%

53.44%

34.83%

52%

Rasio Liabilitas terhadapEkuitas

Rasio Liabilitas terhadapJumlah Aset

Rasio Lancar


Debts-to-Equity Ratio/DER

Debts-to-Assets Ratio/DAR

Current Ratio

Syarat pembayaran yang diberikan kepada pelanggan adalah 0-90 hari. Karena jatuh temponya yang pendek, jumlah tercatatpiutang usaha kurang lebih sama dengan nilai wajarnya.

Pada tanggal 31 Maret 2018 piutang usaha sebesar AS$ 1.495.605(31 Maret 2017: AS$ 2.352.038) telah jatuh tempo namun tidakmengalami penurunan nilai. Hal ini terkait dengan sejumlahpelanggan yang tidak memiliki sejarah gagal bayar.

The credit terms granted to customers is 0-90 days. Due to theshort-term nature of trade receivables, their carrying amountapproximates their fair values.

As of 31 March 2018, trade receivables of US$ 1,459,605 (31March 2017: US$ 2,352,038) were past due date but not impaired.These relate to customers for whom there was no recent historyof default.

SMS

Masyarakat(masing-masing kurang dari 5%)Public (each below 5 %)

JumlahTotal

490,597,000

118,533,000

609,130,000

Pemegang Sahamper 31 Maret 2018

ShareholderAs of 31 March 2018

Jumlah SahamNumber of Shares

Persentase KepemilikanPercentage of Ownership

Jumlah Modal DisetorTotal Paid-up Capital

80.54%

19.46%

100%

20,578,733

4,972,022

25,550,755

20

Kebijakan Dividen Dividend Policy

Pembagian Dividen Dividend Payout

Ikatan Material untuk Investasi Barang Modal Material Commitment Related to Capital Expenditure

Transaksi dengan Pihak Berelasi Transactions with Related Parties

Informasi dan Fakta Material yang Terjadi SetelahTanggal Laporan Akuntan

Material Information and Fact After the ReportingPeriod

Realisasi Penggunaan Dana Hasil Penawaran UmumTerbatas

Actual Use of the Proceeds from Limited PublicOffering

Informasi Material Mengenai Investasi, Ekspansi,Divestasi, Penggabungan Usaha, Akuisisi, dan/atauRestrukturisasi Utang/Modal

Material Information About Divestment, Merger,Acquisition, and/or Debt/Capital Restructuring


2018


Perseroan dapat mengumumkan dividen setelah mendapatkanpersetujuan dari RUPST. Direksi juga dapat mengumumkandividen interim setelah mendapat persetujuan dari DewanKomisaris, dengan ketentuan bahwa dividen interim itu akandikurangkan dari dividen tahunan setelah mendapat persetujuandalam RUPST selanjutnya.

Perseroan membayar dividen berdasarkan jumlah keuntunganPerseroan setelah dikurangi jumlah dana cadangan sebagaimanadiwajibkan oleh peraturan yang berlaku.

The Company may declare dividend after getting approval fromthe AGMS. The Board of Directors may also declare interimdividend after getting the approval from the Board ofCommissioners, provided that the interim dividend will be theoffset against the dividend to be distributed on the next AGMS.

The Company pays dividend on the basis of the Company's profitsafter deducting the reserve amount as stipulated in the prevailingregulations.

Sebagaimana diputuskan dalam Rapat Umum Pemegang SahamTahunan (RUPST) tanggal 27 September 2017, Perseroan telahmenetapkan untuk tidak memberikan dividen kepada parapemegang saham.

As resolved by the Annual General Meeting of Shareholders(AGMS) on 27 September 2017, the Company had decided notto issue dividend to shareholders.

Perseroan tidak memiliki ikatan material untuk investasi barangmodal selama tahun buku 2018.

The Company did not have any material commitment relatedto capital expenditure during the 2018 fiscal year.

Perseroan melakukan transaksi dengan pihak-pihak berelasisebagaimana didefinisikan dalam Pernyataan Standar AkuntansiIndonesia ("PSAK") No. 7 (Revisi 2015) mengenai PengungkapanPihak-pihak Berelasi. Seluruh transaksi saldo yang materialdengan pihak-pihak berelasi diungkapkan dalam catatan ataslaporan keuangan.

The Company entered into transaction with related parties asdefined in the Statement of Financial Accounting Standards(“SFAS”) No. 7 (Revision 2015) regarding Related Party Disclosure.All significant transactions and balances with related parties aredisclosed in the notes to the consolidated financial statements.

Tidak ada kejadian penting setelah tanggal laporan AuditorIndependen yang mempunyai dampak material terhadap laporankeuangan dan hasil usaha Perseroan dan anak perusahaan yangterjadi setelah tanggal Laporan Auditor Independen No. L.18-6512-18/VI.29.005 tertanggal 29 Juni 2018 atas LaporanKeuangan Konsolidasian PT Rig Tenders Indonesia Tbk dan EntitasAnak 31 Maret 2018 dan 2017 dan Tahun-tahun Yang Berakhir31 Maret 2018 dan 31 Maret 2017 yang telah diaudit oleh KantorAkuntan Publik Siddharta Widjaja & Rekan yang memperolehpendapat Wajar, dalam semua hal yang material.

There was no special event after the Independent Auditor ReportDate that had material impact on the Company and itsSubsidiaries' financial statements and business revenue afterthe Independent Auditor Report No. L.18-6512-18/VI.29.005dated 29 June 2018 on consolidated financial statements of thePT Rig Tenders Indonesia and its Subsidiaries for fiscal year 2018and 2017 and fiscal year ended on 31 March 2018 and 31 March2017 audited by Registered Public Accountants Firm SiddhartaWidjaja & Rekan who expressed unqualified opinion, in allmaterial respects.

Perseroan tidak memiliki dana hasil Penawaran Umum Terbatas. The Company did not have any proceeds from Limited PublicOffering.

Tidak terdapat informasi dan fakta material yang terjadi di tahunbuku 2018 terkait dengan divestasi, akuisisi dan restrukturisasiutang atau modal.

There was neither material information nor facts occurring duringthe 2018 fiscal year related to divestment acquisition anddebt/capital restructuring.

Informasi Keuangan yang Mengandung Kejadianyang Bersifat Luar Biasa dan Jarang Terjadi

Financial Information Containing Extraordinary andRare Events

Perubahan Ketentuan Peraturan Perundangan Amendment to Laws and Regulations

Standar Akuntansi Baru New Accounting Standards



Tidak terdapat informasi keuangan yang mengandung kejadianluar biasa dan jarang terjadi.

There was no financial information containing extraordinary andrare events.

Tidak terdapat perubahan peraturan perundang-undangan yangberpengaruh signifikan terhadap Perseroan dan dampaknyaterhadap laporan keuangan.

There was no amendment in laws and regulations thatsignificantly impacted the Company and its financial statements.

Pada tahun 2017, beberapa amandemen interpretasi danpenyesuaian telah diterbitkan dan belum berlaku efektif untuktahun buku yang berakhir 31 Maret 2018 dan belum diterapkanpada saat penyusunan laporan keuangan Perseroan.

Berikut ini adalah Pernyataan Standar Akuntansi Keuangan(“PSAK”) yang berlaku efektif untuk periode tahun buku yangdimulai pada atau setelah tanggal 1 Januari 2018, dan mungkinmemiliki dampak signifikan atas laporan keuangan Perseroan dimasa pendatang dan mungkin memerlukan penerapan secararetrospektif sesuai PSAK 25 “Kebijakan Akuntasi, PerubahanEstimasi Akuntansi dan Kesalahan”:

Amendemen efektif per tahun fiscal yang dimulai pada atausetelah 1 Januari 2018:

• PSAK 2 (Amandemen), “Laporan Arus Kas”, InisiatifPengungkapan dalam Laporan Arus Kas;

• PSAK 46 (Amandemen), “Pajak Penghasilan”, PengakuanAset Pajak Tangguhan untuk Kerugian yang BelumDirealisasi.

Standar efektif per tahun fiscal yang dimulai pada atau setelah1 Januari 2020:

• PSAK 71, “Instrumen Keuangan”;• PSAK 72, “Pendapatan dari Kontrak dengan Pelanggan”;• PSAK 73, “Sewa”.

Berdasarkan dengan penerbitan laporan keuangan ini,manajemen belum menetapkan perpanjangan dampakretrospektif, jika ada, bahwa penerapan standar ini di masadepan akan berdampak pada posisi keuangan dan hasil operasiPerseroan.

During 2017, certain amendments, interpretation andimprovements have been issued that are not yet effective forthe financial year ended 31 March 2018 and have not beenapplied in preparing these financial statements.

Among them, the following Statements of Financial AccountingStandards (“SFAS”) will become effective for annual periodsbeginnings on or after 1 January 2018, and may have significanteffects on the Company's future financial statements, which mayrequire retrospective application under SFAS 25 “AccountingPolicies, Changes in Accounting Estimates, and Errors”:

Amendments effective in fiscal periods starting on or after1 January 2018:

• SFAS 2 (Amendment), “Statements of Cash Flow”, Disclosure Initiatives in Statements of Cash Flows;

• SFAS 46 (Amendment), “Income Taxes”, Recognition ofDeferred Tax Assets for Unrealized Losses.

Standards effective in fiscal periods starting on or after 1 January2020:

• SFAS 71, “Financial Instruments”;• SFAS 72, “Revenue from Contracts with Customers”;• SFAS 73, “Leases”.

As the issuance of these financial statements, management hasnot determined the extent of the retrospective impact, if any,that the future adoption of these standards will have on theCompany's financial position and operating result.

Manajemen Risiko Risk Management

22Laporan Tahunan

Annual Report2018


Aktivitas Perseroan rentan terhadap berbagai risiko keuangan:risiko pasar (risiko nilai tukar mata uang asing, risiko tingkatbunga dan risiko harga), risiko kredit dan risiko likuiditas.Manajemen risiko dijalankan oleh Direksi Perseroan. Direksimelakukan identifikasi, evaluasi dan lindung nilai terhadap risiko-risiko keuangan, apabila dianggap perlu.

1. Risiko pasar(i) Risiko mata uang asing

Perseroan tidak melakukan transaksi lindung nilai mata uang pada saat ini, mengingat sebagian besar penerimaan

Grup adalah dalam mata uang Dolar AS, sedangkanpengeluaran terbesar Grup juga dalam mata uang DolarAS. Pengeluaran-pengeluaran tertentu, termasuk biayakaryawan, dibayar dalam mata uang Rupiah. Namunmanajemen berpendapat risiko volatilitas nilai tukarRupiah terhadap AS$ tidak akan berdampak signifikanterhadap Perseroan, karena Perseroan memilikipenerimaan dalam mata uang Rupiah yang cukup untuk

membiayai pengeluaran dalam mata uang tersebut.

(ii) Risiko hargaBiaya bahan bakar ditetapkan berdasarkan harga pasarpada saat pembelian, sehingga terdapat risiko atasfluktuasi harga bahan bakar terhadap Operasi Perseroan.Untuk mengelola risiko harga yang timbul dari fluktuasiharga bahan bakar, maka Perseroan melakukandiversifikasi perjanjian kontrak kerja sebagai berikut:1. pelanggan menyediakan bahan bakar, atau2. harga yang dibebankan disesuaikan dengan harga

bahan bakar terkini, sesuai dengan periode jasa yangdiberikan kepada para pelanggan.

(iii) Risiko suku bunga arus kas dan nilai wajarRisiko suku bunga muncul dari pinjaman jangka panjang.Pinjaman yang diterbitkan dengan tingkat bunga variabelmengekspos Perseroan terhadap risiko suku bunga aruskas.

Perseroan tidak mencatat liabilitas keuangan yangdikenakan suku bunga tetap berdasarkan nilai wajarmelalui laba rugi sehingga perubahan suku bunga tidakmempengaruhi kinerja keuangan Perseroan.

2. Risiko kreditPerseroan memiliki risiko kredit yang terutama berasal darisimpanan di bank, kas yang dibatasi penggunaannya, piutangusaha, dan piutang lain-lain. Perseroan mengelola risikokredit yang terkait dengan simpanan di bank dankas yangdibatasi penggunaannya dengan memonitor reputasi bankmelalui peringkat kredit eksternal yang dikeluarkan olehStandard & Poor's, Moody's, Fitch.

Eksposur maksimum Grup atas risiko kredit adalah sebesarjumlah yang tercantum pada laporan posisi keuangankonsolidasian.

The Company activities expose it to a variety of financial risks:market risk (currency risk, interest rate risk and price risk), creditrisk and liquidity risk. Risk management is carried out by theCompany's Board of Directors. The Board of Directors identifies,evaluates and hedges financial risks, where consideredappropriate.

1. Market risk(i) Foreign exchange risk

The Company does not currently enter into currencyhedges, considering that most of the Company receiptsare denominated in US Dollars, and most of the Company'sexpenditures are denominated in US Dollars. Certainexpenditures, including employee costs, are denominatedin Indonesian Rupiah. However, management is of theopinion that volatility in the Rupiah/US$ exchange rateis not likely to have a significant impact on the Companybecause Company has sufficient Rupiah collections tocover the Rupiah expenses.

(ii) Price riskFuel costs are charged at market price when purchasing,therefore, there is a risk in the fuel price fluctuation tothe Company's operation. To manage its price risk arisingfrom fuel price fluctuation, the Company diversifies itscontract with the customer as follows:

1. customers provides fuel for sevice, or2. the prices charged is adjusted to current fuel prices,

according to period of services rendered to customers.

(iii) Cash flow and fair value interest rate riskThe Company's interest rate risk arises from long-termborrowings. Borrowings issued at variable rates exposethe Company to cash flow interest rate risk.

The Company does not account for its fixed-rate interestbearing financial liabilities at fair value through profit orloss. Therefore, change in the interest rate does not affectthe Group's financial performance.

2. Credit riskThe Company is exposed to credit risk primarily from depositswith banks, restricted cash, trade receivables, and otherreceivables. The Company manages credit risk exposed fromits deposits and restricted cash with banks by monitoringbank's reputation through external credit ratings as publishedby Standard & Poor's, Moody's, Fitch and Pefindo.

The Company's maximum exposure to credit risk is the carryingamount as stated in the consolidated statements of financialposition.


3. Risiko likuiditasUntuk mengatur risiko likuiditas, Perseroan melakukanmonitor dan menjaga level kas dan setara kas yangdiperkirakan cukup untuk mendanai kegiatan operasionalPerseroan dan mengurangi pengaruh fluktuasi dalam aruskas.

Perseroan akan mengawasi pergerakan perkiraan kebutuhanlikuiditas Perseroan untuk memastikan tersedianya kas yangcukup untuk memenuhi kebutuhan operasional sertasenantiasa memelihara ketersediaan likuiditas Perseroan,sehingga Perseroan tidak melampaui batas pinjaman atauperjanjian untuk setiap fasilitas pinjaman yang diperoleh.

4. Manajemen risiko permodalanPerseroan secara aktif dan rutin menelaah dan mengelolastruktur permodalan untuk memastikan struktur modal danhasil pengembalian ke pemegang saham yang optimal, denganmempertimbangkan kebutuhan modal masa depan danefisiensi modal Perseroan, profitabilitas masa sekarang danyang akan datang, proyeksi arus kas operasi, proyeksi belanjamodal dan proyeksi peluang investasi yang strategis.

Guna mempertahankan atau menyesuaikan struktur modal,Perseroan dapat menyesuaikan jumlah dividen yangdibayarkan kepada para pemegang saham, mengeluarkansaham baru atau menjual aset untuk mengurangi utang.

3. Liquidity RiskTo manage its liquidity risk, the Company monitors andmaintains a level of cash and cash equivalents deemedadequate to finance the Company operational activities andto mitigate the effect of fluctuation in cash flows.

The Company monitors rolling forecasts of the Company'sliquidity requirements to ensure it has sufficient cash to meetoperational needs while maintaining sufficient headroom onits undrawn committed borrowing facilities at all times sothat the Group does not breach borrowing limits or covenantson any of its borrowing facilities.

4. Capital risk managementThe Company actively and regularly reviews and managesits capital structure to ensure optimal capital structure andshareholder returns, taking into consideration the futurecapital requirements and capital efficiency of the Company,prevailing and projected profitability, projected operatingcash flows, projected capital expenditures and projected strategic investment opportunities.

In order to maintain or adjust the capital structure, theCompany may adjust the amount of dividends paid toshareholders, issue new shares or sell assets to reduce debt.

Prospek industri batubara dan minyak dan gas yang merupakanpelanggan utama Perseroan terus akan bertumbuh di Indonesia.Selain itu, sektor logistik laut di Indonesia pun terus berkembangakibat meningkatnya perhatian Pemerintah pada sektor ini.

The Company's main target markets, the coal and oil and gasindustry, are still expected to grow in the decades to come.Besides, the sea logistic sector in Indonesia has also beenexperiencing growth as the government emphasize on theimportance of this sector.


Prospek Usaha Business Prospect

Strategi Usaha Business Strategy

24

Pengelolaan Sumber Daya Manusia Human Resource Management

Komposisi SDM HR Composition


2018

Sumber daya manusia adalah aset yang tak ternilai yang selaluditingkatkan kualitasnya. Oleh karena itu, Perusahaan senantiasamengadakan berbagai pelatihan untuk meningkatkan kualitasseluruh staf.

Human resources is essential asset that need constantsimprovement. As such, the Company regularly conduct varioustraining to grow the quality of all staffs.

No.

1

2

Pelatihan & AcaraTraining & Event

PenyelenggaraOrganizer

Designated Person Ashore

ISO Awareness

BKI

Arrowhead Consulting

Pegawai TetapPermanent Employee

Pegawai KontrakContract Employee

JumlahTotal

Berdasarkan Status KerjaBased on Employment Status

PersentasePercentage

97

3

100

97%

3%

100%

JumlahNumber


Mempertahankan dan meningkatkan loyalitas pelanggan denganpenyempurnaan mutu layanan dan harga yang kompetitif.

Maintain and improve client loyalty through service quality improvement and maintain competitive pricing for clients.

Mengoptimalkan kinerja segmen kapal pendukung kegiatan migas lepaspantai (offshore support vessels) di Indonesia.

Optimize the performance of offshore support vessels in Indonesia.

Memperluas pangsa pasar dengan memenangi pelanggan-pelanggan barudi industri batubara di Indonesia serta bekerjasama untuk menyuplai kapal-

kapal mereka.Expand market share by acquiring new customers in the coal mining industry

in Indonesia as well as working together to supply their fleets.

Mengeksplorasi jenis layanan yang berpotensi.Expand into a wider new business area.

Bekerja sama dengan mitra-mitra lokal untuk menjangkau pelanggan yangpotensial.

Collaborate with local partners to expand coverage to potential customers.

Memperluas cakupan area layanan hinga ke luar negeri untuk memperluaspangsa pasar serta mengoptimalisasi kapal-kapal Perseroan yang berbendera

asing.Expand the coverage of service areas to overseas to expand market share

and optimize the Company's flagship vessels with foreign flags.

Maintain & Optimize

Mempertahankan danMengoptimalkan

Business StrategyStrategi Usaha

ExpandMemperluas

25

Kru Kapal Ship Crew


S2Magister DegreeS1Bachelor DegreeDiploma (D1, D2, D3, D4)Diploma Degree<SMU<Senior High School

JumlahTotal

Berdasarkan Tingkat PendidikanBased on Education Level


5

33

30

32

100

5%

33%

30%

32%

100%

JumlahNumber

Berdasarkan Kelompok UsiaBased on Age


55

36

9

100

55%

36%

9%

100%

JumlahNumber

DirekturDirector

Kepala DivisiDivision Head

ManajerManager

StafStaff

JumlahTotal

Berdasarkan Jenjang JabatanBased on Position


3

2

9

86

100

3%

2%

9%

86%

100%

JumlahNumber

Selain sumber daya manusia yang dijelaskan di atas, Perseroanjuga didukung oleh 431 kru kapal yang handal.

Besides the human resource described above, the Company issupported by 431 capable ship crew.


Struktur Tata Kelola Perusahaan GCG Structure

• Transparancy | Transparansi

• Accountability | Akuntabilitas

• Responsibility | Tanggung Jawab

• Independency | Independensi

• Fairness | Keadilan

IV. Tata Kelola Perusahaan yang BaikGood Corporate Governance


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Perseroan menerapkan budaya GCG secara tetap untukmerealisasikan 5 (lima) prinsip tata kelola perusahaan yang baik,yang dikenal dengan sebutan “TARIF”.

The Company constantly develops the culture of GCG in orderto meet the 5 (five) principles of GCG, known as “TARIF”.

TARIFGCG

PRINCIPLE

Prinsip TARIF GCG memastikan bahwa kegiatan usaha senantiasaberjalan di dalam koridor yang telah ditentukan oleh peraturanperundangan yang berlaku, etika bisnis dan praktik-praktik yangterbaik.

Perseroan secara konsisten menggunakan pendekatan yangkomprehensif untuk memastikan bahwa prinsip-prinsip GCGditerapkan dalam seluruh tahap operasi bisnis Perseroan.

Perseroan juga terus berusaha melakukan penyelarasan PraktikTata Kelola sejalan dengan Roadmap GCG yang dikeluarkan padaawal tahun 2014 dan Pedoman Tata Kelola Perusahaan Terbukauntuk emiten dan perusahaan publik yang dikeluarkan padatahun 2015 oleh Otoritas Jasa Keuangan (OJK).

Salah satu penyempurnaan yang dilakukan di tahun 2015 terkaitdengan kepatuhan Perseroan terhadap peraturan-peraturanOtoritas Jasa Keuangan (OJK), khususnya Peraturan OJKNo.32/POJK.04/2014 tentang Rencana dan PenyelenggaraanRapat Umum Pemegang Saham Perusahaan Terbuka, PeraturanOJK No.33/POJK.04 /2014 tentang Direksi dan Dewan KomisarisEmiten atau Perusahaan Publik, dan Peraturan OJK No.38/POJK.04/2014 tentang Penambahan Modal PerusahaanTerbuka Tanpa Memberikan Hak Memesan Efek Terlebih Dahulu.

TARIF GCG principles ensure that business activities areimplemented in accordance with prevailing laws and regulations,business ethics, and best practices.

The Company has consistently been using a more comprehensiveapproach to ensure that GCG principles are equitably appliedacross the full breadth of the Company's business operations.

The Company also strives to continuously apply its CorporateGovernance in compliance with the GCG roadmap issued at thebeginning of 2014 and the Guidelines for Corporate Governancefor issuers and public companies issued in 2015 by FinancialServices Authority (OJK).

One of the improvements made in 2015 was related to theCompany's compliance with Otoritas Jasa Keuangan (OJK)regulations, most notably OJK Regulation No.32/POJK.04/2014on the Planning and Holding of General Meeting of Shareholdersof Public Company; OJK Regulation No.33/POJK.04 /2014 onIssuer or Public Company's Board of Directors and Board ofCommissioners; and OJK Regulation No.38/POJK.04/2014 onPublic Company's Capital Addition without Issuing Pre-emptiveRights.

Rapat Umum Pemegang Saham General Meeting of Shareholders


PT Rig Tenders Indonesia TbkBab IV | Chapter IV

Struktur Tata Kelola Perusahaan: Corporate Governance Structure

RUPSAGM

Dewan KomisarisBoard of Commissioners

Komite AuditAudit Committee

DireksiBoard of Directors

Sekretaris PerusahaanCorporate Secretary

Unit Audit InternalInternal Audit

WewenangRapat Umum Pemegang Saham (RUPS) memiliki kekuasaantertinggi di Perseroan dan kewenangan yang tidak dimiliki olehDireksi dan Dewan Komisaris. RUPS memberikan wadah bagipara pemegang saham untuk mengambil keputusan pentingyang berkaitan dengan Perseroan, dengan memperhatikanketentuan Anggaran Dasar dan peraturan perundangan yangberlaku.

Selama periode 1 April 2017 hingga 31 Maret 2018, Perseroanmengadakan 1 (satu) kali RUPS Tahunan (RUPST) yaitu padatanggal 27 September 2017 di Jakarta, Indonesia, dan tidakmenyelenggarakan RUPS Luar Biasa (RUPSLB).

AuthorityGeneral Meeting of Shareholders (GMS) has the highest powerin the Company and holds the authority not given to Board ofDirectors and Board of Commissioners. GMS provides forum forthe shareholders to make important decisions related to theCompany, by referring to provisions in the Articles of Associationand the applicable laws and regulations.

During the period from 1 April 2017 to 31 March 2018 theCompany held 1 (one) Annual GMS (AGMS) on 27 September2017 in Jakarta, Indonesia, and did not hold Extraordinary GMS(EGMS).

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PT Rig Tenders Indonesia Tbk Bab IV | Chapter IV

Materi dan agenda RUPST serta tata cara pelaksanaan RUPSPerseroan telah mengikuti Peraturan OJK Nomor 32/POJK.04/2014 tentang Rencana dan Penyelenggaraan RapatUmum Pemegang Saham Perusahaan Terbuka.

Keputusan RUPST 2017Keputusan Agenda Rapat Pertama dan Kedua:

1. Menerima dengan baik Laporan Tahunan Direksi mengenaikegiatan usaha Perseroan untuk tahun buku yang berakhirpada tanggal 31 Maret 2017;

2. Menyetujui dan mengesahkan Neraca dan PerhitunganLaba Rugi Perseroan untuk tahun buku yang berakhir padatanggal 31 Maret 2017, yang diaudit oleh Kantor AkuntanPublik "Siddharta Widjaja & Rekan” anggota dari firmaKPMG, dengan pendapat bahwa pemyataan keuanganwajar, dalam segala aspek material, berdasarkan LaporanAkuntan Publik tertanggal 30 Juni 2017, Nomor No. L17-6512-17/VI.30.001, serta memberikan pelunasan danpembebasan sepenuhnya (acquit et decharge) kepadaanggota Dewan Komisaris dan Direksi Perseroan atastindakan pengawasan dan pengurusan yang merekalakukan, sejauh tindakan tersebut tercermin dalamperhitungan tahunan.

3. a. Menerima rugi bersih Perseroan untuk tahun buku31 Maret 2017 sebesar AS$13.051.748 (tiga belas jutalima puluh satu ribu tujuh ratus empat puluh delapandolar Amerika Serikat);

b. Menyetujui untuk tidak melakukan pembagian dividenkepada pemegang saham Perseroan;

c. Menyetujui untuk tidak menyisihkan dana cadangansebagaimana dimaksud dalam Pasal 70 Undang-Undang nomor 40 tahun 2007 tentang PerseroanTerbatas oleh karena Perseroan mengalami kerugian;

d. Menyetujui dividen tahun 2007 yang telah dimasukkandalam dana cadangan yang khusus diperuntukkanuntuk itu sebesar Rp 39.261.692,20 (tiga puluhsembilan juta dua ratus enam puluh satu ribu enamratus sembilan puluh dua Rupiah dan dua puluh sen),

sebagaimana telah diputuskan oleh pemegang sahamPerseroan dalam Rapat Umum pemegang SahamTahunan pada tanggal 26 Juni 2013, sesuai denganketentuan pasal 20 ayat 9 anggaran dasar Perseroanakan dimasukkan ke dalam rekening laba ditahanPerseroan.

Keputusan Agenda Rapat Ketiga:Menunjuk kembali Akuntan Publik "Siddharta Widjaja & Rekan"anggota dari firma KPMG untuk mengaudit buku-buku Perseroanuntuk tahun buku yang berakhir pada tanggal 31 Maret 2018dan memberikan wewenang kepada Direksi Perseroan untukmenetapkan honorarium serta persyaratan penunjukan lainnyabagi KAP tersebut.

The GMS materials, agenda and procedures were in accordancewith OJK Regulation No. 32/POJK.04/2014 on the Planning andHolding of the General Meeting of Shareholders of PublicCompany.

The resolutions of 2017 AGMSFirst and Second Meeting Agenda Resolution:

1. Approved the Board of Directors' Annual Report on theCompany's business activities for the financial year ending31 March 2017;

2. Approved and enacted the Company's Balance Sheetsand Income Statements for the financial year ending 31March 2017 audited by Public Accountants Firm "SiddhartaWidjaja & Partners”, member of KPMG firm, with anopinion that the financial statements based on PublicAccountants' Report dated 30 June 2017 No. L17-6512-17/VI.30.001 is unqualified in all material aspects, as wellas granted the release to and fully discharged (acquit etdecharge) the Company's Board of Commissioners andBoard of Directors from the supervisory and managementactions they conducted as long as the actions are reflectedin the annual calculation.

3. a. Approved and enacted the Company's net loss of thefinancial year ending 31 March 2017 amounting toAS$13,051,748 (thirteen million fifty-one thousand sevenhundred forty eight US dollar);

b. Determined not to distribute cash dividends to theCompany's shareholders;

c. Determined not to set aside reserve fund as referred toin Article 70 of the Law No 40 Year 2007 on LimitedLiability Company as the Company's reserve fund is alreadysufficient;

d. Determined that the amount of 2007 dividend in thereserved fund specifically designed for such purpose wasRp 39,261,692.20 (thirty-nine million two hundred sixty-one thousand six hundred ninety-two Rupiah and twentycents) as determined by the Company's shareholders atthe Annual GMS on 26 June 2013, and in accordance withthe provisions of Article 20, paragraph 9 of the Company'sarticles of association, the said dividend will be put intothe Company's retained earnings account.

For Third Meeting Agenda:Re-appointed Public Accountants Firm (KAP) "Siddharta Widjaja& Partners”, member of KPMG firm, to audit the Company'sbooks of the Financial Year ending on 31 March 2018 and grantedthe Company's Board of Directors the authority to determinehonorarium and other requirements for the KAP.

29

Tn.| Mr. Tatang TabraniPresiden Komisaris (merangkap sebagai Komisaris Independen)

President Commissioner (serving Concurrently as Independent Commissioner)

Keputusan Agenda Rapat Keempat:1. Menyetujui pengunduran diri Bapak Wan Ruzlan Iskandar

Bin Wan Salaidin dan pengunduran diri Ibu Angeline KeeHui Ling yang mana pengunduran diri keduanya berlakuefektif terhitung sejak ditutupnya Rapat Umum PemegangSaham Tahunan 2017.

2. Menyetujui memberhentikan dengan hormat sisa anggotaDireksi dan Dewan Komisaris Perseroan terhitung sejakditutupnya Rapat Umum Pemegang Saham Tahunan 2017dan mengangkat anggota Direksi dan Dewan KomisarisPerseroan, terhitung sejak ditutupnya Rapat UmumPemegang Saham Tahunan 2017 sampai denganditutupnya Rapat Umum Pemegang Saham Tahunan yangkelima, dengan tidak mengurangi hak RUPS untukmemberhentikannya sewaktu-waktu, dengan susunansebagai berikut:

Dewan Komisaris

For Fourth Meeting Agenda:1. Approved to resignation of Mr Wan Ruzlan Iskandar Bin

Wan Salaidin and resignation of Ms Angeline Kee HuiLing effective as of the closing of the 2017 Annual Meetingof Shareholders.

2. Approved the dismissal of the remaining members of theCompany's Board of Directors and Board of Commissionerseffective as of the closing of the 2017 Annual Meeting ofShareholders, as well as appointment of members of theCompany's Board of Directors and Board of Commissionersas of the closing of the 2017 Annual General Meeting ofShareholders up to the closing of the fifth Annual GeneralMeeting of Shareholders, without reducing the AnnualGeneral Meeting of Shareholders' right to dismiss, withthe following composition:

Board of Commissioners

Tn.| Mr. Syed Abdullah Bin Syed Abd KadirKomisaris

Commissioner

Direksi Board of Directors

Tn.| Mr. Chacko Kunjuvaru

DirekturDirector

Ny. | Mrs. Mastura Binti MansorDirekturDirector



Tn.| Mr. Shah Hakim Bin ZainWakil Presiden Komisaris

Vice President Commissioner

Tn.| Mr. Mukhnizam Bin MahmudDirekturDirector

Tn. | Mr. Mohammad Faisal IbrahimKomisaris (merangkap sebagai Komisaris Independen)

Commissioner (serving concurrently as Independent Commissioner)

Tn.| Mr. Abdul Rahman AbbasPresiden Direktur (merangkap sebagai Direktur Independen)

President Director (serving Concurrently as Independent Director)

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3. Memberi kuasa kepada Direksi Perseroan dan/atau pihaklain yang ditunjuk, baik bersama-sama maupun sendiri-sendiri, dengan hak substitusi untuk menyatakankeputusan Rapat mengenai pengangkatan anggota Direksidan anggota Dewan Komisaris Perseroan dalam aktatersendiri di hadapan Notaris, termasuk memberitahukankepada instansi yang berwenang dan mendaftarkan sertamelakukan tindakan yang diperlukan sehubungan denganpengangkatan anggota Direksi dan anggota DewanKomisaris Perseroan tersebut.

Keputusan Agenda Kelima:Memberi wewenang kepada rapat Dewan Komisaris Perseroanuntuk menetapkan besarnya gaji dan tunjangan lainnya bagisetiap anggota Direksi dan anggota Dewan Komisaris Perseroan,yang pelaksanaannya disesuaikan dengan ketentuan anggarandasar yang berlaku.

Keputusan Agenda Keenam:Menyetujui untuk merubah anggaran dasar Perseroan untukdisesuaikan dengan ketentuan-ketentuan POJK No.32/POJK.04/2014 tentang Rencana dan Penyelengaraan RapatUmum Pemegang Saham Perusahaan Terbuka, POJK No.33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emitenatau Perusahaan Publik, POJK No. 34/POJK.04/2014 tentangKomite Nominasi dan Remunerasi Emiten atau Perusahaan Publikdan POJK No. 32/POJK.04/2015 tentang Penambahan ModalPerusahaan Terbuka dengan Memberikan Hak Memesan EfekTerlebih Dahulu (selanjutnya disebut Peraturan Otoritas JasaKeuangan). Sehubungan dengan keputusan tersebut, selanjutnyamemberi kuasa dengan hak substitusi kepada Direksi Perseroanuntuk:

a. Melakukan perubahan seluruh anggaran dasar Perseroanuntuk disesuaikan dengan ketentuan-ketentuan yangberlaku dalam Peraturan Otoritas Jasa Keuangan,menyatakan keputusan ini ke dalam akta notaris danberhak untuk menghadap Notaris untuk menyatakan danmenandatangani keputusan ini sebagai akta resmi, danmelaksanakan segala tindakan yang diperlukansehubungan dengan perubahan seluruh anggaran dasarPerseroan untuk disesuaikan dengan ketentuan-ketentuanyang berlaku dalam Peraturan Otoritas Jasa Keuangantersebut.

b. Memberitahukan perubahan seluruh anggaran dasarPerseroan kepada instansi yang berwenang, membuatperubahan dan/atau tambahan dalam bentuk apapunjuga yang diperlukan untuk diterimanya pemberitahuanseluruh perubahan anggaran dasar tersebut, mengajukan,menandatangani semua permohonan dan dokumenlainnya, memilih tempat kedudukan dan melaksanakantindakan lain yang diperlukan.

3. Authorized the Company's Board of Directors withsubstitute rights to pour this resolution in a Notarial Deedand perform all necessary actions, as well as notifychanges to this data to relevant authorities and makeamendment and/or addition in whatsoever required tomake the announcement of the data changes accepted,and propose and sign all application forms and otherdocuments, choose the domicile and carry out otheractions that may be required.

For Fifth Meeting Agenda:Granted the Company's Board of Commissioners the authorityto determine the amount of salaries and allowances for eachmember of the Company's Board of Directors and Board ofCommissioners, which will be implemented in accordance withthe applicable articles of association.

For Sixth Meeting Agenda:Approved the change of the Company's Article of Associationsto be in accordance with the regulation of POJK No.32/POJK.04/2014 regarding Planning and Holding GeneralMeetings of Shareholders of Public Limited Companies, POJK No.33/POJK.04/2014 regarding The Board of Directors and TheBoard of Commissioners of Issuers of Public Companies, POJKNo. 34/POJK.04/2014 regarding Nomination and Remuneration.Committees of Public Companies, and POJK No. 32/POJK.04/2015regarding Capital Increases with Pre-Emptive Rights For PublicCompanies (hereinafter referred to as Regulation of FinancialServices Authority). In relation to this decision, to grant theauthority with substitution right to the Company's Board ofDirectors to:

a. To revise the entire Company's Articles of Association tobe in accordance with the regulations stipulated by theRegulation of Financial Services Authority, to state thisdecision in the notarial decree and to meet with the notaryto state and sign this decision into an official act, and

perform any necessary action related to the changes ofthe entire articles of association of the Company to be inaccordance with the applicable regulation stipulated bythe Financial Services Authority.

b. To announce the change of entire articles of associationof the Company to the related parties, alter and/or addin any form anything necessary for the announcement ofthe change of articles of association to be approved,propose, sign all application and other documents, choosethe location and conduct any other necessary action.


Dewan Komisaris Board of Commissioners

31

Pengaturan mengenai Dewan Komisaris untuk perusahaan publikdiatur dalam Peraturan Otoritas Jasa Keuangan Nomor33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emitenatau Perusahaan Publik.

Tugas dan WewenangTugas dan wewenang Dewan Komisaris sebagaimana diaturdalam Anggaran Dasar Perseroan dan ditetapkan oleh RUPSadalah sebagai berikut:

1. Pengawasan untuk kepentingan Perseroan denganmemperhatikan kepentingan pemegang saham danbertanggung jawab kepada Rapat Umum PemegangSaham;

2. Pengawasan terhadap kebijakan pengelolaan Perseroanyang dilakukan oleh Direksi serta memberikan nasihatkepada Direksi dalam menjalankan Perseroan termasukRencana Pengembangan Perseroan, pelaksanaan RencanaKerja dan Anggaran Perseroan, ketentuan-ketentuanAnggaran Dasar Perseroan dan keputusan Rapat UmumPemegang Saham dan peraturan perundang-undanganyang berlaku;

3. Melaksanakan tugas, wewenang dan tanggung jawabsesuai dengan ketentuan-ketentuan Anggaran DasarPerseroan, keputusan Rapat Umum Pemegang Sahamdan peraturan perundang-undangan yang berlaku;

4. Meneliti dan menelaah laporan tahunan yang dipersiapkanoleh Direksi serta menandatangani laporan tersebut;

5. Anggota Dewan Komisaris baik secara bersama maupunsendiri-sendiri setiap waktu dalam jam kerja Perseroanberhak memasuki bangunan dan halaman atau tempatlain yang dipergunakan atau dikuasai oleh Perseroan danberhak memeriksa semua pembukuan, surat-surat, bukti-bukti, memeriksa dan mencocokkan keadaan uang kasdan lain sebagainya serta berhak untuk mengetahui segalatindakan yang dijalankan oleh Direksi.

KewajibanSehubungan dengan tugas dan wewenang tersebut di atas, makaDewan Komisaris berkewajiban untuk:

1. Menyampaikan saran dan pendapat kepada RUPSmengenai rencana pengembangan Perseroan, laporantahunan, dan laporan berkala lainnya dari Direksi;

2. Memberikan pelaporan tentang tugas pengawasan yangtelah dilakukan selama tahun buku yang baru lampaukepada RUPS disertai dengan saran dan langkah perbaikanyang harus ditempuh apabila Perseroan menunjukkangejala kemunduran;

3. Memberikan saran dan pendapat kepada RUPS mengenaipersoalan lainnya yang dianggap penting bagi pengelolaanPerseroan;

4. Mengesahkan Rencana kerja dan Anggaran Perseroanyang disampaikan Direksi;

5. Melakukan tugas pengawasan lainnya yang ditentukanoleh RUPS;

6. Membuat risalah rapat Dewan Komisaris;7. Melaporkan kepada Perseroan mengenai kepemilikan

sahamnya dan/atau keluarganya pada Perseroan danpada perusahaan lain.

The Regulation on Public Company's Board of Commissioners isstipulated in OJK Regulation No. 33/POJK.04/2014 on the Issueror Public Company's Board of Directors and Board ofCommissioners.

Duties and ResponsibilitiesThe duties and responsibilities of the Company's Board ofCommissioners (“BOC”), in accordance with the Company'sarticles of association and resolutions of the AGM, are as follows:

1. To oversee for the interests of the Company with dueregard to the interests of its shareholders and beresponsible to the General Meeting of Shareholders;

2. To supervise the policies in the company managementundertaken by the Board of Directors and provide adviceto the Board of Directors in managing the Company,including in the preparation of the Company'sDevelopment Plan, implementation of the Company'sWork Plan and Budget, and in the implementation of theprovisions stipulated in the Company's Articles ofAssociation, resolutions of the General Meeting ofShareholders and the legislations in force;

3. To carry out duties, authorities and responsibilities providedin the stipulations of the Company's Articles of Association,General Meeting of Shareholders resolutions andlegislations in force;

4. To review and examine the annual report prepared bythe Board of Directors and sign the report;

5. BOC members either collectively or individually at anytime during the Company's working hours are entitled toenter the building and yard or other place used orcontrolled by the Company and is entitled to examine allbooks, papers, proofs, check and match the cashstatements and so forth and have a right to be aware ofall the actions performed by the Board of Directors.

ResponsibilitiesWith regard to its duties and responsibilities mentioned above,the Board of Commissioners is obliged to:

1. Provide advice and opinions to GMS regarding theCompany's the development plans, annual reports andother periodic reports prepared by the Board of Directors;

2. Provide reporting on duties and supervision tasksperformed during the preceding fiscal year to the GeneralMeeting of Shareholders (GMS) along with suggestionsand remedial measures to be taken if the Company showssigns of a slowdown;

3. Provide advice and opinions to GMS on other issues ofimportance to the management of the Company;

4. Ratify the Company's work plan and budget submitted bythe Board of Directors;

5. Perform other supervisory duties as determined by GMS;

6. Prepare the minutes of BOC meetings;7. Make report to the Company on his/her share ownership

and/or the share ownership of his/her family members inthe Company and other companies.



Komposisi, Pengangkatan dan PemberhentianBerdasarkan Anggaran Dasar Perusahaan, susunan DewanKomisaris terdiri dari sedikitnya 3 (tiga) orang Dewan Komisaris,yang terdiri dari Presiden Komisaris, Wakil Presiden Komisaris,Komisaris, Komisaris Independen dan/atau Komisaris Utusan.Anggota Dewan Komisaris Perseroan diangkat dan diberhentikandalam RUPS dan diangkat untuk masa jabatan 5 (lima) tahundan dapat diangkat kembali untuk masa jabatan selanjutnya.

Susunan Dewan Komisaris Perseroan dari tanggal 1 April 2017hingga 31 Maret 2018 adalah sebagai berikut:

Profil masing-masing anggota Dewan Komisaris dijabarkan dalamBagian Profil Perusahaan Laporan Tahunan ini.

IndependensiSifat Independen Dewan Komisaris diilustrasikan dalan tabel dibawah ini:

Composition, Appointment and RemovalPursuant to the Company's Articles of Association, BOC iscomposed of at least 3 (three) Commissioners comprisingPresident Commissioners, Vice President Commissioner,Commissioner, Independent Commissioner and/or DelegateCommissioner. Members of the Company's BOC are appointedand removed in the GMS and are appointed to serve for 5 (five)years and may be reappointed for the next term of service.

Composition of the Company's Board of Commissioners' from 1April 2017 to 31 March 2018 is as follows:

Profile of each BOC member is presented in Company Profilesection hereof.

IndependencyThe Independent nature of the Company's BOC is illustrated inthe table below:

Pelaksanaan TugasDalam periode tahun buku sejak tanggal 1 April 2017 sampaitanggal 31 Maret 2018, Dewan Komisaris telah melakukantugasnya tersebut dengan melakukan beberapa kegiatan, antaralain:

1. Menyelenggarakan rapat Dewan Komisaris;2. Menyelenggarakan rapat gabungan antar Dewan Komisaris

dan Direksi;3. Menjalankan rapat dalam fungsinya sebagai Komite

Nominasi dan Remunerasi Perseroan;4. Memberikan persetujuan atas penunjukan kantor akuntan

publik untuk periode tahun buku periode tahun bukusejak tanggal 1 April 2017 sampai tanggal 31 Maret 2018;

5. Menyetujui rencana operasional Perseroan untuk periodetahun buku sejak tanggal 1 April 2017 sampai tanggal 31Maret 2018 dan budget untuk Tahun Buku 2019.

Implementation of DutiesDuring the fiscal period from 1 April 2017 to 31 March 2018,Board of Commissioners carried out the aforementioned dutiesby performing several activities, among others:

1. Conducted Board of Commissioners meetings;2. Conducted joint meeting between Board of Commissioners

and Board of Directors;3. Conducted meetings to perform its function as the

Company's Nomination and Remuneration Committee;4. Granted approval for the appointment of public accountant

firm for the fiscal period from 1 April 2017 to 31 March2018;

5. Approved the Company's operating plan for the fiscalperiod from 1 April 2017 to 31 March 2018 and Budgetfor the Financial Year 2019.

32Laporan Tahunan

Annual Report2018


JabatanPosition

Tatang Tabrani

Shah Hakim Bin Zain

Syed Abdullah Bin Syed Abd. Kadir

Mohammad Faisal Ibrahim

NamaName

Presiden Komisaris (merangkap sebagai Komisaris lndependen)President Commissioner (serving concurrently as Independent Commissioner)Wakil Presiden KomisarisVice President CommissionerKomisarisCommissionerKomisaris (merangkap sebagai Komisaris lndependen)Commissioner (serving concurrently as Independent Commissioner)

Hubungan Keuangan DenganFinancial Relationship With

Tatang Tabrani

Shah Hakim Bin Zain

Syed Abdullah Bin Syed Abd. Kadir


Hubungan Keluarga DenganFamily Relationship With

KomisarisCommissioners

DirekturDirectors

PemegangSaham

PengendaliControlling

Shareholders


DirekturDirectors

PemegangSaham


Shareholders

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

NamaName



RapatKehadiran Komisaris dalam Rapat Dewan Komisaris dalamperiode yang berakhir tanggal 31 Maret 2018:

MeetingsBOC attendance in BOC meetings during the period ending 31March 2018:

Tatang Tabrani

Shah Hakim Bin Zain

Syed Abdullah Bin Syed Abd Kadir


Rapat Dewan KomisarisBOC Meeting

Rapat FisikPhysical Meeting

Rapat CircularCircular Meeting

6

5

6

5

11

11

11

11

Kehadiran Komisaris dalam Rapat Gabungan Direksi - DewanKomisaris dalam periode yang berakhir tanggal 31 Maret 2018:

BOC Attendance in BOD-BOC Joint Meetings during the periodending 31 March 2018:

Tatang Tabrani

Shah Hakim Bin Zain



Rapat Gabungan dengan DireksiJoint Meeting with BOD


3

2

3

2

Pelaksanaan Fungsi Nominasi dan Remunerasi olehDewan KomisarisPerseroan melaksanakan fungsi Nominasi dan Remunerasiberdasarkan Peraturan OJK No. 34/POJK.04/2014 tentang KomiteNominasi dan Remunerasi Emiten atau Perusahaan Publik.

Tanggung jawab dan kegiatan terkait fungsi ini telah dapatdilaksanakan dengan baik oleh Dewan Komisaris Perseroan tanpamembentuk suatu komite tersendiri untuk tujuan ini.

Prosedur dan Penetapan Remunerasi Anggota DewanKomisarisRUPS Tahunan Perseroan tanggal 27 September 2017 telahmelimpahkan wewenang kepada Dewan Komisaris Perseroanuntuk menetapkan besarnya gaji dan tunjangan lainnya bagisetiap anggota Dewan Komisaris Perseroan.

Selanjutnya, Rapat Dewan Komisaris yang menjalankan fungsinyasebagai Komite Nominasi dan Remunerasi Perseroan telahmenetapkan besarnya gaji dan/atau tunjangan lain bagi seluruhanggota Dewan Komisaris Perseroan, termasuk KomisarisIndependen untuk periode yang berakhir tanggal 31 Maret 2018maksimal sebesar Rp 750.000.000 (tujuh ratus lima puluh jutaRupiah) per tahun termasuk pajak.

Implementation of Nomination and RemunerationFunction by the Board of CommissionersThe Company implements Nomination and Remunerationfunction by referring to OJK Regulation No.34/POJK.04/2014 onIssuer or Public Company's Nomination and RemunerationCommittee.

The responsibilities and activities related to this function havebeen carried out adequately by the Board of Commissionerswithout establishing a separate committee for this purpose.

Board of Commissioner Members' RemunerationProcedure and Determination

The Company's Annual GMS on 27 September 2017 has grantedto the Board of Commissioners the authority to determine theamount of salaries and other allowances for members of BOC.

Subsequently, the BOC Meeting who runs its function as theCompany's Nomination and Remuneration Committee hasdetermined that the amount of salaries and other allowancesfor members of the BOC including Independent Commissionerfor the period ending 31 March 2018 was Rp 750,000,000 (sevenhundred and fifty million Rupiah) per year included tax at themaximum.

34

Direksi Board of Directors


2018


Pelatihan dan SeminarPelatihan dan Seminar yang diikuti oleh Dewan Komisaris untuktahun buku 2018 adalah sebagai berikut:

Training and SeminarThe trainings and seminars attended by the Board ofCommissioners during the 2018 fiscal year are as follows:

17 April 2017

2 Juni 2017

13 Oktober 2017

23 Oktober 2017

19 Maret 2018

20-23 Maret 2018

TanggalDate

NamaName

TopikTopic


TempatVenue






Shah Hakim Bin Zain

Cyber Security

Establishing Effective GRC(Governance, Risk, and Compliance)practice to drive Strategy,Performance and Sustainability

CG Breakfast Series for Director:Leading in a Volatile, Uncertain,Complex, Ambiguous World

SPAD Symposium 2017

Malaysian Code in CorporateGovernance 2017

Offshore Technology Conference Asia

YTL Corporation Berhad


YTL e-Solution Berhad

Suruhanjaya PengangkutanAwam Darat (SPAD)


SPE (Society of PetroleumEngineers)

YTL Headquarter for BOD


Lanai Kijang Kuala Lumpur

Kuala Lumpur ConventionCenter


Kuala LumpurConvention Center

Pengaturan mengenai Direksi untuk perusahaan publik diaturdalam Peraturan Otoritas Jasa Keuangan Nomor33/POJK.04/2014 tentang Direksi dan Dewan Komisaris Emitenatau Perusahaan Publik.

Tugas dan WewenangDireksi bertanggung jawab dalam menjalankan fungsipengelolaan Perseroan untuk kepentingan Perseroan dan sesuaidengan maksud dan tujuan Perseroan sebagaimana ditetapkandalam Anggaran Dasar Perseroan.

Tugas pokok Direksi adalah sebagai berikut:• Mengelola Perseroan untuk memaksimalkan kepentingan

semua pemangku kepentingan secara efisien;• Mengadakan pembukuan Perseroan yang akurat dan

terpercaya;• Mempersiapkan Laporan Tahunan dan melaksanakan

RUPS Tahunan dan RUPS Luar Biasa;• Menyelenggarakan dan memelihara Daftar Pemegang

Saham dan Daftar Khusus;• Menjalankan tugasnya dan bertindak sesuai dengan

ketentuan-ketentuan dalam anggaran dasar, keputusan-keputusan RUPS, Rencana Kerja dan Anggaran Perseroanserta peraturan perundang-undangan yang berlaku;

• Secara khusus, Presiden Direktur berhak dan berwenangbertindak untuk dan atas nama Direksi serta mewakiliPerseroan.

The Regulation on Public Company's Board of Directors isstipulated in OJK Regulation No. 33/POJK.04/2014 on the Issueror Public Company's Board of Directors and Board ofCommissioners.

Duties and AuthorityThe Board of Directors is accountable for the Company'smanagement function for the Company's interest and inaccordance with the Company's goals and objectives stipulatedin the Company's Articles of Association.

The BOD 's main duties are as follows:• To efficiently operate the Company to maximize the

benefits to all stakeholders;• To prepare accurate and reliable financial statements of

the Company;• To prepare the Annual Report and conduct annual GMS

and extraordinary GMS;• To prepare and maintain the List of Shareholders and the

Special List;• Carry out their duties and acts in accordance with the

provisions of the Company's Articles of Association, GMS'resolutions, the Work Plan and Budget as well as the lawsand regulations in force;

• In particular, President Director is entitled and authorizedto act for and on behalf of the Board of Directors.

Komposisi, Pengangkatan dan PemberhentianBerdasarkan Anggaran Dasar Perusahaan, susunan Direksi terdiridari sedikitnya 3 (tiga) orang anggota Direksi dan salah seorangdiantaranya diangkat sebagai Presiden Direktur. Anggota DireksiPerseroan diangkat dan diberhentikan dalam RUPS. AnggotaDireksi diangkat untuk masa jabatan 5 (lima) tahun dan dapatdiangkat kembali untuk masa jabatan selanjutnya.

Susunan Direksi Perseroan adalah sebagai berikut:

IndependensiIndependensi anggota Direksi Perseroan adalah sebagaimanadiilustrasikan dalam tabel di bawah ini:



Composition, Appointment and RemovalPursuant to the Company's Articles of Association, Board ofDirectors is composed of at least 3 (three) Directors and one ofthem is appointed as President Director. Members of theCompany's BOD are appointed and removed in the GMS. BODmembers are appointed to serve for 5 (five) years and may bereappointed for the next term of service.

Composition of the Company's Board of Directors is as follows:

Tn.| Mr. Bapak Abdul Rahman AbbasPresiden Direktur (merangkap sebagai Direktur Independen)

President Director (serving concurrently as Independent Director)

Tn.| Mr. Bapak Mukhnizam Bin MahmudDirekturDirector

Tn.| Mr. Bapak Chacko KunjuvaruDirekturDirector

Ny.| Mrs. Mastura Binti MansorDirekturDirector

IndependencyThe independent nature of the Board of Directors is illiustratedas in the table below:

Hubungan Keuangan DenganFinancial Relationship With

Abdul Rahman Abbas

Mukhnizam Bin Mahmud

Wan Ruzlan Iskandar BinWan Salaidin*

Angeline Kee Hui Ling*

Chacko Kunjuvaru**

Mastura Binti Mansor**

Hubungan Keluarga DenganFamily Relationship With


DirekturDirectors

PemegangSaham


Shareholders


DirekturDirectors

PemegangSaham


Shareholders

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

YaYes

TidakNo

NamaName

Catatan | Notes:* Tidak menjabat lagi sejak RUPST 27 September 2017 |

No longer in service since the AGMS dated 27 September 2017** Mulai menjabat sebagai Direktur sejak RUPST 27 September 2017 |

Serving as Director since the AGMS dated 27 September 2017

Penilaian Kinerja DireksiPenilaian atas kinerja Direksi dilakukan oleh Dewan Komisarisdan RUPS. Penilaian keseluruhan kinerja Direksi dilakukan dalamRUPS. Kinerja Direksi dievaluasi oleh Dewan Komisarisberdasarkan:

1. Kemampuan mengelola rencana kerja dan anggaranPerseroan;

2. Ketersediaan laporan dan dokumen manajemenPerseroan;

3. Kemampuan untuk memberikan penjelasan tentangpraktik manajemen Perseroan;

4. Pencapaian target Perseroan;5. Pengetahuan usaha dan pengidentifikasian resiko bisnis;6. Ketajaman dalam tugas pengawasan;7. Penerapan GCG.

Rapat DireksiRapat Direksi selama tahun buku 2018 ditabulasikandi bawah ini:

36Laporan Tahunan

Annual Report2018


Performance Assessment of the Board of DirectorsBoard of Directors' performance is assessed by Board ofCommissioners and the GMS. The overall assessment of theperformance of the Board of Directors is conducted in the GMS.The performance of the Board of Directors is evaluated by theBoard of Commissioners based on:

1. The availability of managing the Company's budget andwork plan;

2. The availability of the Company's management reportsand documents;

3. The availability of explanations regarding the Company'smanagement practices;

4. The achievement of the Company's targets.5. Business knowledge and business risk identification.6. Keeness in supervision tasks;7. GCG implementation.

BOD MeetingsBOD meetings during the 2018 fiscal year is as tabulated below:

Abdul Rahman Abbas


Wan Ruzlan Iskandar Bin Wan Salaidin*


Chacko Kunjuvaru**


Rapat DireksiBOD Meeting


Rapat CircularCircular Meeting

12

10

5

6

5

6

2

2

1

1

1

1




Rapat Gabungan dengan Dewan KomisarisJoint Meeting with BOC


3

3

2

2

1

1

Abdul Rahman Abbas


Wan Ruzlan Iskandar Bin Wan Salaidin*


Chacko Kunjuvaru**





37

Prosedur dan Penetapan Remunerasi Anggota Direksi

RUPS Tahunan Perseroan tanggal 27 September 2017 telahmelimpahkan wewenang kepada Dewan Komisaris Perseroanuntuk menetapkan besarnya gaji dan tunjangan lainnya bagisetiap anggota Direksi Perseroan.

Dewan Komisaris menjalankan fungsi Komite Nominasi danRemunerasi mengadakan rapat dan menetapkan besarnya gajidan tunjangan lain bagi anggota Direksi Perseroan.

Pelatihan dan SeminarPelatihan dan Seminar yang diikuti oleh Direksi selama tahunbuku 2018 ditabulasikan dibawah ini:

Komite Audit Audit CommitteeKomite Audit adalah Komite yang dibentuk oleh Dewan Komisarisuntuk membantu Dewan Komisaris dalam melaksanakan tugaspengawasan dan pemberian nasihat dalam pelaksanaan GCGberdasarkan Peraturan Otoritas Jasa Keuangan No.55/POJK.04/2015 tentang Pembentukan dan PedomanPelaksanaan Kerja Komite Audit.



Procedure and Remuneration Determination Board ofDirector’s MembersThe Company's Annual GMS on 27 September 2017 has grantedto the Board of Commissioners (BOC) the authority to determinethe amount of salaries and other allowances for members ofBOD.

The BOC, in performing the function as the Nomination andRemuneration Committee, convened and determined the amountof salaries and other allowances for members of the BOD.

Training and SeminarThe training and seminars attended by the Board of Directorsduring the 2018 fiscal year is as tabulated below:

6 November 2017

20 Februari 2018

7 Juni 2017

8 Desember 2017

TanggalDate

NamaName

TopikTopic


TempatVenue

Mastura Binti Mansor

Mastura Binti Mansor

Chacko Kunjuvaru

Abdul Rahman Abbas

CEO FOCUS 2017: Tantangan DuniaUsaha Dan Pengembangan PasarModal

CEO Gathering 2018: ”OptimalisasiPeran Sektor Keuangan UntukMeningkatkan Pertumbuhan Ekonomi

Cyber Risk Awareness Training

Sustainable Finance and Investment;Green Index Reference, andSustainability Reporting

AEI bersama DewanPimpinan NasionalAsosiasi PengusahaIndonesia (DPN APINDO)dan PT Bursa EfekIndonesia (BEI)

AEI bersama DewanPimpinan NasionalAsosiasi PengusahaIndonesia (DPN APINDO)dan PT Bursa EfekIndonesia (BEI)

KPMG

Yayasan KEHATI dan BEI

Mail Hall Bursa Efek Indonesia


KPMG Asia PasificCybersecurity & Digital Hub


The Audit Committee is the sole committee established by theBoard of Commissioners (BOC) to assist the Board ofCommissioners to carry out their supervisory and advisory dutiesin the implementation of GCG in accordance with Regulation ofFinancial Service Authority (OJK) No. 55/POJK.04/2015 regardingthe Establishment and Working Implementation Manual for theAudit Committee.

38

Tugas dan Tanggung JawabSebagaimana tercantum dalam Piagam Komite Audit Perseroantanggal 21 Februari 2018, Komite Audit bertugas untukmemberikan pendapat kepada Dewan Komisaris terhadaplaporan atau hal-hal yang disampaikan oleh Direksi kepadaDewan Komisaris, mengidentifikasi hal-hal yang memerlukanperhatian Komisaris dan melaksanakan tugas-tugas lain yangberkaitan dengan tugas Dewan Komisaris, antara lain meliputi:

1. Melakukan penelaahan atas informasi keuangan yangakan dikeluarkan Perseroan kepada Publik dan/ataupihak otoritas seperti laporan keuangan, proyeksi daninformasi keuangan lainnya;

2. Melakukan penelaahan atas ketaatan Perseroanterhadap peraturan perundang-undangan di bidangPasar Modal dan peraturan perundang-undangan lainnyayang berhubungan dengan kegiatan Perseroan;

3. Memberikan pendapat independen dalam hal terjadiperbedaan pendapat antara manajemen dan Akuntanatas jasa yang diberikannya;

4. Memberikan rekomendasi kepada Dewan Komisarismengenai penunjukkan Akuntan yang didasarkan padaindependensi ruang lingkup penugasan dan imbalanjasa;

5. Melakukan review atas kualifikasi dan kegiatan internalaudit dan penelaahan atas pelaksanaan pemeriksaaanoleh auditor internal;

6. Melaporkan kepada Komisaris berbagai risiko yangdihadapi Perseroan dan pelaksanaan manajemen risikooleh Direksi;

7. Melakukan penelaahan dan melaporkan kepadaKomisaris atas pengaduan yang berkaitan denganPerseroan;

8. Melakukan evaluasi dan penyelidikan atas laporan dantemuan investigasi mengenai tuduhan penyelewengandan ketidakwajaran maupun kegagalan kontrol di dalamPerseroan kepada Dewan Komisaris yang dapatmemberikan dampak yang materil terhadap hasil operasidan/atau laporan posisi keuangan;

9. Menelaah dan memberikan saran kepada DewanKomisaris terkait dengan adanya potensi benturankepentingan Perseroan;

10. Menjaga kerahasiaan dokumen, data dan informasiPerseroan;

11. Komite Audit bertanggungjawab kepada DewanKomisaris.

WewenangWewenang Komite Audit Perseroan sebagaimana tercantumdalam Piagam Komite Audit adalah sebagai berikut:

1. Komite Audit berwenang untuk mengakses catatan atauinformasi tentang karyawan, dana, aset serta sumberdaya Perseroan lainnya yang berkaitan denganpelaksanaan tugasnya;

2. Dalam melaksanakan wewenang, Komite Audit wajibbekerjasama dengan pihak yang melaksanakan fungsiinternal audit;

3. Melakukan kewenangan lain yang diberikan oleh DewanKomisaris.


2018


Duties and ResponsibilitiesAs specified in the Company's Audit Committee Charter dated21 Februari 2018, the Audit Committee has the duties to provideprofessional advice to the BOC concerning reports or any matterssubmitted by the Board of Directors to the BOC, to identify anymatters that needs specific attention from the BOC and to performother tasks concerning the duties of BOC, including:

1. To analyze the financial information that shall be issuedby the Company to the public and/or to the concernedauthority such as the financial statement, financialprojection and other related information;

2. To monitor the compliance of the Company toward theprevailing laws and regulations on Capital Market andother legislation concerning the Company's activities;

3. To provide independent opinion for any differences inview that may occur between the management and theaccountant upon the provided service;

4. To give recommendation on the BOC on the appointmentof the Accountants based on independence, scope anddescription of task and fees;

5. To review the qualificaton and internal audit activitiesand analyze the verification of the audit made by theinternal auditor;

6. To report to the BOC any risks faced by the Company andthe implementation of risk management undertaken bythe Board of Directors;

7. To analyze and report to the BOC any complaints relatedto the Company;

8. To evaluate and investigate reports and findingsconcerning any accusations on the deviation and deficiencyirregulatory or any failure in the control of the Companyto the BOC which may cause material impact on theoperational result and/or financial position;

9. To analyze and give advice to the BOC the Company'sposition of any potential conflicts of interest.

10. To keep strictly confidential all documents, data andinformation of the Company;

11. The Audit Committee shall be responsible to the BOC.

AuthorityThe authority of the Company's Audit Committee as specified inthe Audit Committe Charter are as below:

1. The Audit Committee is empowered to access any recordsor information of the employees, fund, assets, or resourceswhich are related to its task.

2. In performing the duties, the Audit Committees shallcooperate with the party that executes the internal audit;

3. To perform other duties under its authority granted bythe Board of Commissioners.

39

Laporan Hasil AuditSelama tahun buku 2018, Komite Audit telah melaksanakanberbagai kegiatan terkait pelaksanaan tugasnya, seperti:

1. Merekomendasikan kepada Dewan Komisaris dan Direksimengenai Kantor Akuntan Publik yang akan melakukanpemeriksaan laporan keuangan perusahaan untuk TahunBuku yang berakhir pada tanggal 31 Maret 2018, yaituKantor Akuntan Publik Siddharta Widjaja & Rekan, anggotadari KPMG;

2. Memantau dan mengevaluasi pelaksanaan tugas InternalAudit Unit secara intensif dan berkala;

3. Memantau tindak lanjut hasil audit dalam rangka menilaikecukupan pengendalian intern termasuk kecukupanproses pelaporan keuangan;

4. Memantau dan mengevaluasi kesesuaian pelaksanaanaudit oleh Kantor Akuntan Publik dengan Standar Audityang berlaku;

5. Melakukan pengawasan atas penyusunan laporankeuangan untuk memastikan terpenuhinya standar dankebijakan akuntansi yang berlaku.

Hasil evaluasi Komite Audit menunjukkan bahwa seluruh proseskegiatan yang dilakukan Perseroan telah mampu mendukungpelaksanaan manajemen risiko dan penerapan Tata KelolaPerusahaan yang Baik.

Komite Audit juga menyimpulkan bahwa Laporan KeuanganPerseroan untuk Tahun Buku yang berakhir pada tanggal 31Maret 2018 yang disajikan oleh Kantor Akuntan Publik telahsesuai dengan Standar Akuntansi Keuangan dan Peraturan yangberlaku. Independensi dan objektivitas Kantor Akuntan Publikdalam mengaudit Laporan Keuangan Perseroan telah mengacupada standar auditing yang ditetapkan oleh Ikatan AkuntanIndonesia (IAI).

Komposisi dan RapatSusunan Komite Audit Perseroan per 31 Maret 2018 dan Audityang dilaksanakan selama tahun buku 2018 ditabulasikan sebagaiberikut:



KetuaChaiman

AnggotaMember

AnggotaMember

JabatanPosition


4

3

4

NamaName

Tatang Tabrani

Jimmy Tjahjanto

Febriansyah Marzuki

Audit ReportThroughout the 2018 fiscal year, the Audit Committee conductedvarious activities related to their duties, such as the followings:

1. Provided the Board of Commissioners and the Board ofDirectors with recommendations on the Public AccountantsFirm which will carry out the examination of the Company'sfinancial report for the Book Year ending 31 March 2018,i.e. the Public Accountants Firm Siddharta Widjaja &Partners, the member firm of KPMG;

2. Monitored and evaluated the implementation of InternalAudit Unit in an intensive and periodic manner;

3. Monitored the follow-up of audit result with a view toassess the adequacy of internal control including theadequacy in the process of financial reporting;

4. Monitored and evaluated the conformity of the auditimplementation by Public Accountants Firm with theAuditing Standards in force;

5. Assessed the supervision on the arrangement of financialreports to ensure the fullfillment to the prevailingaccounting standards and policies.

Results of Audit Committee's evaluation indicated that all theprocesses conducted by the Company were able to support riskmanagement implementation on Good Corporate Governance.

The Audit Committee also concluded that, the Company'sFinancial Statements for Financial Year ending 31 March 2018,which was presented by the Public Accountants Firm inaccordance with applicable Accounting Standards and Regulation.Independence and objectivity of the public accountant firm inauditing the financial statements of the Company had referredto the auditing standards established by the Indonesian Instituteof Accountants (IAI).

Composition and MeetingComposition of the Company's Audit Committee as of 31 March2018 and the audit meeting they commenced are tabulated asfollows:

Sekretaris Perusahaan Corporate SecretaryTugas dan Tanggung Jawab Sekretaris Perusahaan adalah sebagaiberikut:

1. Mengikuti perkembangan pasar modal, termasukperaturan-peraturan baru di bidang pasar modal yangdikeluarkan oleh OJK dan Bursa Efek Indonesia;

2. Memberikan masukan kepada Direksi Perseroan dalamrangka memenuhi peraturan-peraturan yang berlaku dipasar modal;

3. Memberikan pelayanan kepada pemodal yangmemerlukan informasi mengenai hal-hal yang berkenaandengan Perseroan;

4. Bertindak sebagai penghubung antara Perseroan denganOtoritas Pasar Modal, media dan masyarakat.

Profil Sekretaris PerusahaanSejak tanggal 15 Februari 2018, fungsi dan jabatan SekretarisPerusahaan Perseroan dijabat oleh Ibu Diah Triani Puspitasari.

Profil Sekretaris Perusahaan dapat dilihat pada Bab ProfilPerusahaan Laporan Tahunan ini.

Pelaksanaan Tugas Sekretaris PerusahaanSepanjang periode 1 April 2017 sampai 31 Maret 2018, SekretarisPerseroan telah melaksanakan secara efektif berbagai fungsisebagai berikut:

1. Memberikan masukan kepada Direksi dan DewanKomisaris mengenai perkembangan pasar modal,termasuk peraturanperaturan baru di bidang pasar modalyang dikeluarkan oleh OJK dan Bursa Efek Indonesia;

2. Menjaga hubungan baik dengan otoritas Pasar Modal danmempersiapkan laporan-laporan mengenai pengungkapanketerbukaan informasi Perseroan sesuai dengan ketentuanyang berlaku;

3. Menyediakan Informasi Perseroan secara transparan yangmeliputi laporan keterbukaan informasi terkait informasiRUPS, laporan keuangan berkala, laporan tahunan,paparan publik, laporan registrasi saham, laporaninsidental terkait rencana pengembangan baru, sertamemberikan informasi yang diperlukan para pemegangsaham;

4. Mengirimkan pemberitahuan dan mempersiapkan segalasesuatu terkait dengan penyelenggaraan Rapat UmumPemegang Saham dan mempublikasikan hasil keputusanrapat;

5. Melakukan koordinasi dan administrasi pencatatankepemilikan saham dan tindakan korporasi;

6. Membuat Buku Laporan Tahunan;7. Menjaga dan memelihara hubungan dengan media dan

sarana informasi lainnya;8. Mengkoordinasikan rapat-rapat Perseroan, seperti RUPS,

dan Rapat Dewan Komisaris, Rapat Direksi, RapatGabungan Dewan Komisaris dan Direksi, Rapat KomiteAudit, dan paparan publik;

9. Mencatat risalah rapat rapat-rapat Perseroan, sepertiRUPS, dan Rapat Dewan Komisaris, Rapat Direksi, RapatGabungan Dewan Komisaris dan Direksi, Rapat KomiteAudit, dan paparan publik.


40Laporan Tahunan

Annual Report2018

The duties and responsibilities of the Corporate Secretary areas follows:

1. Keep abreast of the capital market development, includingnew capital market regulations issued by OJK andIndonesia Stock Exchange;

2. Make recommendations to the Board of Directors withrespect to compliance with capital market regulations;

3. Provide service to investors who need informationregarding the condition of the Company;

4. Act as the contact person between the Company and theCapital Market Authorities, media and the public.

Profile of Corporate SecretarySince 15 February 2018, function and position of the Company'sCorporate Secretary has been held by Mrs Diah Triani Puspitasari.

For the profile of Corporate Secretary, please refer to her profilein the Company Profile Chapter hereof.

Implementation of Corporate Secretary’s DutiesThroughout the period from 1 April 2017 to 31 March 2018, theCompany's Corporate Secretary effectively implemented variousfunctions as follows:

1. Provided inputs to BOD and BOC on the capital marketdevelopment, including new capital market regulationsissued by OJK and Indonesia Stock Exchange;

2. Maintained good relations with the authorities of theCapital Market and preparing reports regarding disclosureof information in accordance with prevailing regulations;

3. Made available the Company's information transparentlyincluding information disclosures on the Company's GMS,periodical financial reports, annual report, public exposes,share registration report, incidental reports related tonew development plans, as well as deliver necessaryinformation to the shareholders;

4. Notified and prepared all the matters related to theholding of the General Meeting of Shareholders (GMS)and publishing the resolutions produced in the GMS;

5. Coordinated and administered stock ownership recordingand corporate actions;

6. Arranged Annual Report;7. Maintained relationships with the media and other means

of information;8. Coordinated the Company's meetings, such as GMS, BOC

meetings, BOD meetings, BOC-BOD joint meetings, AuditCommittee meeting and public expose;

9. Recorded minutes of the Company's meetings, such asGMS, BOC meetings, BOD meetings, BOC-BOD jointmeetings, Audit Committee meeting and public expose.

Pelatihan dan SeminarPelatihan dan Seminar yang diikuti oleh Sekretaris PerusahaanPerseroan selama tahun buku 2018 adalah sebagai berikut:



Training and SeminarThe training and seminars attended by the Company's CorporateSecretary during the 2018 fiscal year are as follows:

12 April 2017

13 April 2017

18 April 2017

15 Mei 2017

30 Mei 2017

19 Juni 2017

26 Juli 2017

10 Agustus 2017

16 Agustus 2017

6 September 2017

5 Oktober 2017

19 Oktober 2017

9 Januari 2018

25 Januari 2018

31 January 2018 &1 February 2018

13 Februari 2018

TanggalDate

TopikTopic


TempatVenue

Sosialisasi SPT Masa & Bukti Pemotongan PajakPenghasilan Pasal 23/26

Sosialisasi Annual Report Award 2016, POJKNomor 10/POJK.04/2017 tentang Rencana danPenyelenggaraan Rapat Umum PemegangSaham Perusahaan Terbuka dan POJK Nomor11/POJK.04/2017 tentang Laporan Kepemilikanatau Setiap Perubahan Kepemilikan SahamPerusahaan Terbuka

Sosialisasi POJK No. 10/POJK.04/2017 dan POJKNo. 11/POJK.04/2017

Dialog Emiten Dan Sosialisasi POJKNO.07/POJK.04/2017

Sosialisasi Pemeriksaan Pajak Pasca AmnestiPajak

Soisalisasi Undang-undang Persaingan Usaha

Sosialisasi Peraturan OJK Nomor13/POJK.03/2017 tentang Penggunaan JasaAkuntan Publik dan Kantor Akuntan Publikdalam Kegiatan Jasa Keuangan

Workshop Simulasi Sistem E-Registration

Seminar POJK 21/POJK.04/2015 TentangPenerapan Pedoman Tata Kelola PerusahaanTerbuka melalui pendekatan Terapkan atauJelaskan (Comply or Explain)

Sosialisasi Peraturan OJK Nomor13/POJK.03/2017 Tentang Penggunaan JasaAkuntan Publik dan Kantor Akuntan Publikdalam Kegiatan Jasa Keuangan dan POJKNo.51/POJK.03/2017 Tentang PenerapanKeuangan Berkelanjutan Bagi Lembaga JasaKeuangan, Emiten dan Perusahaan Publik.

Seminar tentang Peraturan Konversi & RevisiPeraturan Lama Menjadi POJK

Workshop Perpajakan Tentang Tax IssuesRelated To Public Company in Indonesia danSosialisasi Perubahan Klasifikasi Sektor Di BursaEfek Indonesia

Pendalaman POJK 51/POJK.03/2017 tentangPenerapan Keuangan Berkelanjutan BagiLembaga Jasa Keuangan, Emiten danPerusahaan Terbuka

Tantangan & Strategi Perusahaan Go PublicMenghadapi Disruption & Tahun Politik

TRAINING AWARENESS ISO 9001:2015 &14001:2015

Pendalaman POJK No. 29/POJK.04/2016tentang Laporan Tahunan Emiten atauPerusahaan Publik & SE OJK No.30/SEOJK.04/2016 tentang Bentuk dan IsiLaporan Tahunan Emiten atau PerusahaanPublik, serta Kriteria Annual Report Award2017

AEI

BEI & ICSA

OJK

BEI & ICSA

AEI

AEI

BEI

OJK

BEI

OJK

BEI & ICSA

BEI & AEI

BEI & AEI

Majalah Info Bank

Arrowhead Consulting

BEI, OJK & ICSA

Main Hall Bursa Efek Indonesia


Hotel Grand Mercure Jakarta Harmoni





Hotel Pullman Central Park







Tetrapak Building, Suite 104. 1st floor


Keterbukaan InformasiPerseroan menyediakan seluruh data dan informasi secaratransparan untuk para pemegang saham dan pemangkukepentingan melalui website Perseroan dan website Bursa EfekIndonesia. Setiap informasi yang diberikan mengacu kepadaprinsip keterbukaan dan pemenuhan terhadap peraturanperundang-undangan yang berlaku dan peraturan pasar modal.Untuk mendapatkan informasi lebih lanjut mengenai Perusahaan,silakan menghubungi:

Sekretaris Perusahaan | Corporate SecretaryPT RIG TENDERS INDONESIA TBKGedung Tetra Pak, Lt.1, Suite 104

Jl. Buncit Raya Kav 100Jakarta Selatan 12510

Tel : (+62-21) 29668488 ( Hunting )Fax : (+62-21) 29668479

Email: [email protected]

Pemaparan PublikPada tanggal 27 September 2017, Perseroan mengadakan acarapemaparan publik tahunan dengan mengundang para awakmedia untuk membagikan informasi terkini tentang Perseroantermasuk tentang profil perusahaan, strategi, performa, danprospek.

Sistem Pengendalian Internal Internal Control SystemSeluruh tanggung jawab yang berhubungan dengan sistempengendalian internal Perseroan, termasuk peninjauanefektivitas, berada pada Dewan Komisaris dan Direksi.

Dewan memahami tanggung jawabnya untuk menjamindijalankannya sistem pengendalian internal yang efektif, danberkomitmen untuk menjalankan dan memelihara sistempengendalian internal yang baik untuk menyelamatkan investasipara pemegang saham dan aset Perseroan serta peninjauanefektivitas dan integritas sistem tersebut untuk meningkatkanketerbukaan dan akuntabilitas. Sistem pengendalian internalmencakup antara lain tata kelola, manajemen risiko, sertapengendalian keuangan, operasi, dan kepatuhan lainnya.

Auditor eksternal Perseroan selama audit juga telahmelaksanakan review atas pengendalian internal Perseroansebagai bagian rencana audit. Setiap penyimpangan materialdan kelemahan pengendalian internal yang ditemukan selamaaudit dilaporkan kepada Komite Audit. Komite Audit bertemudengan auditor eksternal untuk membahas isu pengendalianinternal dan berbagai masalah akuntansi.

42Laporan Tahunan

Annual Report2018


Information DisclosureThe Company discloses all data and information transparentlyfor the shareholder and stakeholders through the Company'swebsite and the Indonesia Stock Exchange website. All informationprovided refers to the principles of transparency and complieswith prevailing laws and regulations in the capital market.

For further information on the Company, please contact:

Public ExposeOn 27 September 2017, the Company held the annual publicexpose by inviting the media to share the Company's latest news,including regarding the Company's profile, strategy, performance,and prospects.

The overall responsibility for the internal control system of theCompany, including review of its effectiveness, rests with theBoard of Commissioners and the Board of Directors.

The Boards acknowledge their responsibilities for ensuring theimplementation of a sound and effective internal control system,and is committed to maintaining a robust internal control systemto safeguard the investments of shareholders and the Company'sassets, as well as review of its effectiveness, adequacy andintegrity in order to improve transparency and accountability.The system of internal control covers, among others governance,risk management, and financial, operational and othercompliance controls.

The Company's external auditor has also, in the course of theiraudit, carried out a review of the Company's internal control aspart of their audit plan. Any material non-compliance and internalcontrol weaknesses noted during their audit are reported to theAudit Committee. The Audit Committee sets a particular timeduring the year to meet with the external auditors to discussinternal control and various accounting issues.

43

Unit Audit Internal Internal Audit UnitFungsi audit internal di lingkungan Perseroan diatur olehPeraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015 tentangPembentukan dan Pedoman Penyusunan Piagam Unit AuditInternal, dilaksanakan oleh Unit Audit Internal dimana:

1. Audit internal adalah suatu kegiatan pemberian keyakinandan konsultasi yang bersifat independen dan objektif,dengan tujuan untuk meningkatkan nilai dan memperbaikioperasional perusahaan, melalui pendekatan yangsistematis, dengan cara mengevaluasi dan meningkatkanefektivitas manajemen risiko, pengendalian, dan prosestata kelola perusahaan.

2. Kepala Unit Audit Internal bertanggung jawab kepadaPresiden Direktur.

3. Unit Audit Internal mempunyai tugas-tugas diantaranyauntuk menyusun dan melaksanakan rencana Audit InternalTahunan; memeriksa dan menilai efisiensi dan efektivitasdi bidang keuangan, akuntasi, operasional, sumber dayamanusia, pemasaran dan lainnya; dan melaporkan hasilaudit tersebut kepada Presiden Direktur dan DewanKomisaris.

4. Unit Audit Internal mempunyai wewenang untukmengakses seluruh informasi Perseroan yang dianggaprelevan, berkomunikasi secara langsung dengan Direksi,Dewan Komisaris, dan/atau Komite Audit; mengadakanrapat secara berkala dan insidentil dengan Direksi, DewanKomisari, dan/atau Komite Audit, dan melakukankoordinasi kegiatannya dengan kegiatan auditor eksternal.

Berdasarkan keputusan Direksi Perseroan yang telah mendapatpersetujuan dari Dewan Komisaris, Direksi Perseroan telahmengesahkan pengangkatan Ibu Irina Abdullah selaku KepalaInternal Audit Unit. Profil beliau telah disajikan dalam Bab ProfilPerusahaan Laporan Tahunan ini.

Audit Eksternal External AuditSesuai dengan Keputusan RUPST tanggal 27 September 2017,Perseroan kembali menunjuk Kantor Akuntan Publik (KAP)Siddharta, Widjaja & Rekan, anggota firma dari jaringan globalKPMG untuk mengaudit buku-buku perseroan Tahun Buku 2018.

Penetapan Kantor Akuntan Publik ini dilakukan sesuai denganketentuan, dimana Komite Audit telah melakukan review danpengkajian mengenai calon Kantor Akuntan Publik yang akandigunakan, dan merekomendasi kepada Direksi, setelahsebelumnya mendapat kuasa dari Rapat Umum PemegangSaham kepada Direksi untuk menunjuk Kantor Akuntan Publikyang akan digunakan.

Akuntan Publik yang ditunjuk Perseroan tidak memiliki hubunganafiliasi dengan anggota Komite Audit, anggota Direksi, DewanKomisaris maupun pemegang saham utama Perseroan, yangdapat menimbulkan potensi benturan kepentingan danmempengaruhi independensi Akuntan Publik serta paraauditornya. Akuntan Publik melaksanakan tugasnya secaraindependen sesuai standar profesional akuntan publik, perjanjiankerja serta ruang lingkup audit yang telah ditetapkan.



The function of internal audit within the Company is arrangedbased on Regulation of Financial Service Authority (OJK) No.56/POJK.04/2015 regarding Establishment and Guidelines forthe Preparation of Internal Audit Unit Charter, carried out bythe Internal Audit Unit, in which:

1. Internal Audit is an acvitiy to provide confidence andindependent objective consultation with aim to increasethe Company's values and improve the Company'soperation, through systematic approach, by evaluatingand increase the effectiveness of risk management, control,and corporate governance process.

2. Head of Internal Audit reports to the President Director.

3. Internal Audit Unit has responsibilities including to planand conduct Annual Internal audit plan, examine andevaluate efficiency and effectivity regarding the Company'sfinance, accounting, operation, human resourcemanagement, marketing, and more; and report theiraudit findings to the President Director and the Board ofCommissioners.

4. Internal Audit Unit has the authority to access allinformation within the Company deemed relevant,communicate directly with the Board of Directors, Boardof Commissioners, and/or Audit Committee; hold periodicaland ad-hoc meetings with the Board of Directors, Boardof Commissioners, and/or Audit Committee; andcoordinate their activities with the external auditors;

Based on the decision of the Board of Directors that was approvedby the Board of Commissioners, the Board of Directors hasendorsed the appointment of Ms. Irina Abdullah as Head ofInternal Audit Unit. Her profile is already presented in theCompany Profile Chapter hereof.

Based on the resolution of AGMS dated 27 September 2017, theCompany re-appointed Public Accountants Firm (KAP) Siddharta,Widjaja & Partners, member of KPMG global network, to auditthe Company's books of the 2018 Fiscal Year.

Appointment of the Public Accountants Firm is performed inaccordance with the provisions in force, which the AuditCommittee has conducted a review and assessment of theprospective public accounting firm to be used and maderecommendation to the Board of Directors upon receiving of thepower of the General Meeting of Shareholders to the Board ofDirectors to appoint Public Accountants Firm to be hired.

The Public Accountants appointed by the Company has noaffiliation with any member of the Audit Committee, memberof the Board of Directors, the Board of Commissioners, and theUltimate Shareholder of the Company that might indicate confictof interests and influence the independence of the PublicAccountant and its auditors. The Public Accountant performs itsduty independently according to the Public Accountantprofessional standards, work agreement and scope of auditsthat has been set.

Kode Etik Code of ConductsPada tahun 2017, Perseroan telah menerbitkan Pedoman TataKerja Dewan Komisaris dan Direksi (Board Manual). Manualsetebal 51 halaman ini menjadi acuan bagi Dewan Komisarisdan Direksi PT Rig Tenders Indonesia Tbk dalam melaksanakantugas, wewenang, tanggung jawab, hak dan kewajiban, baikselaku Dewan maupun individu anggota Dewan Komisaris danDireksi. Dokumen ini juga mengatur tata hubungan di antaraDewan Komisaris, Direksi, Pemegang Saham, serta anak-anakperusahaan.

Untuk pelaksanaan manual diperlukan komitmen bersamaDewan Komisaris dan Direksi dalam rangka mengelolaperusahaan untuk kepentingan pemegang saham dan pemangkukepentingan pada umumnya. Dengan adanya kejelasan tugaspokok dan fungsi masing-masing, diharapkan akan mendorongefektivitas dan kinerja Dewan Komisaris dan Direksi.

Perkara Hukum dan Sanksi Administratif Legal Case and Administrative SanctionSelama tahun buku 2018, Perseroan dan anak perusahaan tidakmengalami masalah hukum perdata atau pidana yang dapatberdampak pada keberlanjutan Perseroan.

Tidak ada kasus litigasi yang dihadapi oleh anggota DewanKomisaris dan Direksi yang sedang aktif.

Tidak ada sanksi administratif yang dikenakan pada Perseroan,Dewan Komisaris dan Direksi oleh otoritas pasar modal ataupihak berwenang lainnya

Sistem Pelaporan Pelanggaran Whistleblowing SystemKebijakan pelaporan pelanggaran (Whistleblowing System)memberikan kesempatan dan perlindungan kepada karyawandan pihak ketiga untuk melapor dengan itikad baik, kepadamanajemen dalam hal mereka mendapati adanya penggelapan,korupsi, dan praktek yang tidak sesuai atau tindakan yangmelanggar di dalam Perseroan dan untuk mencegah pihakmanajemen dalam mengambil tindakan yang merugikanterhadap pelapor tersebut.

Induk perusahaan Perseroan, yaitu Scomi Group, telahmengimplementasi sistem ini dan diterapkan di seluruh anak-anak perusahaannya termasuk di Perseroan.

44Laporan Tahunan

Annual Report2018


In 2017, the Company published the Guidelines for theManagement of the Company for the Board of Commissionersand Board of Directors (Board Manual). The 51-page Manualbecomes the reference for the Board of Commissioners andBoard of Directors of PT Rig Tenders Indonesia Tbk in carryingout the duties, powers, responsibilities, rights and obligations,both as the Board as well as individual members of the Boardof Commissioners and Board of Directors. This document alsoregulates the relationship between the Board of Commissioners,Directors, Shareholders, as well as subsidiaries.

The implementation of this manual requires a joint commitmentof the Board of Commissioners and Board of Directors in orderto manage the company on behalf of the shareholders andstakeholders in general. The clarity of the duties and functionsof each of them, is expected to encourage the effectiveness andperformance of the Board of Commissioners and Board ofDirectors.

During the 2018 fiscal year, the Company and its subsidiariesdid not face any civil or criminal legal issues that would impactthe Company's sustainability.

There were no litigation cases encountered by members of theBoard of Commissioners and Board of Directors that are currentlyactive.

No administrative sanctions were imposed on the Company, theBoard of Commissioners and the Board of Directors, by the capitalmarket authority or other authorities.

The policy on violation reporting (Whistleblowing System) providesopportunities and protections to employees and third parties toreport with good intentions to the management, in the eventthey find out an existence of fraud, corruption or inappropriatepractices or violations in the Company, and in order to preventthe management from taking actions that might harm thewhistleblowers.

The Company's parent company, Scomi Group, has beenimplementing this system and applying it to all its subsidiaries,including the Company.

45

V. Tanggung Jawab Sosial PerusahaanCorporate Social Responsibility

Perseroan berkomitmen untuk berkontribusi mewujudkan duniayang lebih indah bagi semua.

Oleh karena itu, tanggung jawab sosial merupakan bagian integraldari budaya Perseroan. Perseroan senantiasa berupaya untukmeningkatkan partisipasi Perseroan dalam kesejahteraankomunitas tempat Perseroan beroperasi.

Beberapa kegiatan tanggung jawab sosial Perseroan selamatahun buku 2018 adalah:

Buka puasa bersama anak-anak yatim piatu Yayasan Al Hasanahdi Balai Sarwono, Jakarta, pada tanggal 15 Juni 2017.

Fun Walk di Bursa Efek Indonesia pada tanggal 13 Agustus 2017

Selain kegiatan tersebut diatas, Perseroan juga turutmemeriahkan Perayaan hari kemerdekaan Republik Indonesia,17 Agustus 2017 dan juga perayaan Idul Adha 1438H.



The Company is committed to contribute to create a morebeautiful world for all.

As such, corporate social responsibility is an integral part of theCompany's culture. The Company continuously put in efforts toincrease the Company's participation in helping the welfare ofcommunities around our operational areas.

Some of the Company's corporate social responsibility activitiesthroughout 2018 fiscal year are:

Breaking fast with orphans from Yayasan Al Hasanah orphanageat Balai Sarwono, Jakarta, on 15 June 2017.

Fun Walk at the Indonesian Stock Exchange on 13 August 2017

In addition to the above activities, the Company also enlivenedthe Independence Day celebration of the Republic of Indonesia,August 17, 2017 and celebrated the Eid al-Adha 1438H.

VI. Informasi PerusahaanCompany Information

46Laporan Tahunan

Annual Report2018


Nama PerusahaanCompany Name

Tanggal PendirianDate of Incorporation

Bidang UsahaLine of Business

Dasar Hukum PembentukanLegal Basis of Establishment

Anggaran DasarCompany's Articles of Association

KepemilikanOwnership

Modal Saham - Modal DasarShare Capital - Authorized Capital

Modal Saham Ditempatkan dan Disetor PenuhIssued and Fully Paid-In Share Capital

Bursa Pencatatan EfekStock Exchange Listing

Kode SahamTicker Code


22 Januari 197422 January 1974

Penyewaan kapal kepada industri minyak, gas dan batubaraChartering of vessels to oil, gas and coal industry

Akta Notaris Ny Darwani Sidi Bakaroedin, S.H., No. 25 tanggal 22 Januari 1974yang disetujui oleh Menteri Kehakiman Republik Indonesia dalam SuratKeputusan No. Y.A.5/98/10 tanggal 1 April 1974 serta diumumkan dalam BeritaNegara Republik Indonesia No. 39, tanggal 14 Mei 1974, Tambahan No.187/1974.

The Notarial Deed of Mrs Darwani Sidi Bakaroedin, S.H., No. 25 dated 22January 1974, which was approved by the Minister of Justice of the Republicof Indonesia in the Ministrial Decree No. Y.A.5/98/10 dated April 1, 1974 andpublished in State Gazette of the Republic of Indonesia No. 39 dated 14 May1974, Supplement No. 187/1974.

Anggaran Dasar Perseroan telah beberapa kali mengalami perubahan.Perubahan Anggaran Dasar Perseroan terakhir dilakukan berdasarkan AktaNotaris Miki Tanumiharja, S.H. tanggal 27 September 2017 No. 21.

The Company's Articles of Association have been amended several times. Thelatest amendment made to the Company's Articles of Association was basedon Notarial Deed of Miki Tanumiharja, S.H. dated 27 September 2017 No. 21.

Scomi Marine Services Pte Ltd 80,54%Publik (di bawah 5%) 19,46%

Scomi Marine Services Pte Ltd 80.54%Public (each below 5%) 19.46%

1.000.000.000 lembar saham1,000,000,000 shares

609.130.000 lembar dengan nilai nominal Rp 100 per lembar saham609,130,000 shares at par value of Rp 100 per share

Bursa Efek Indonesia (BEI)Indonesia Stock Exchange (IDX)

RIGS


PT Rig Tenders Indonesia TbkBab VI | Chapter VI

Kantor PusatHead Office

PT Rig Tenders Indonesia TbkGedung Tetra Pak, Lantai 1, Suite 104

Jln. Buncit Raya Kav. 100Pejaten Barat, Pasar Minggu

Jakarta 12510, Indonesia

Tel: (62-21) 29668488 (Hunting)Fax: (62-21) 29668479

Email:

[email protected]@[email protected]@[email protected]@scomigroup.com

Informasi Umum | General InquiriesMarketing dan Inquiries | Marketing and InquiriesKeuangan dan Akuntansi | Finance and AccountingSekretaris Perusahaan | Corporate SecretaryOperasional dan K3L | Operational and HSESumber Daya Manusia | Human Resources

Kantor Entitas AnakSubsidiary Offices

Rig Tenders Marine Pte LtdCH Logistics Pte Ltd

CH Ship Management Pte LtdGrundtvig Marine Pte Ltd

138 Cecil Street#05-03 Cecil CourtSingapore 069538

Tel: (65) 6226 0938Fax: (65) 6227 3608

PT Batuah Abadi LinesJl. Belitung Darat RT. 19 No. 88

Banjarmasin, Kalimantan SelatanIndonesia

Tel: (62-511) 336 3640Fax: (62-511) 336 3648

Kantor Perusahaan Ventura BersamaJoint Venture Company Office

Rig Tenders Offshore Pte Ltd138 Cecil Street

#05-03 Cecil CourtSingapore 069538

Tel: (65) 6226 0938Fax: (65) 6227 3608

Kantor Grup MalaysiaGroup Office Malaysia

Scomi Energy Services BhdLevel 17, 1 First Avenue

Bandar Utama47800 Petaling Jaya

Selangor Darul EhsanPh. (603) 7717 3000

Facs. (603) 7725 9082Website: www.scomigroup.com.my

Website: www.rigtenders.co.id

48

Kronologi Pencatatan Saham Chronology of Share Listing

Lembaga dan Profesi Penunjang Pasar Modal Capital Market Supporting Institutionsand Professional


2018

PT Rig Tenders Indonesia Tbk Bab VI | Chapter VI

Perseroan melakukanPenawaran Umum Perdana

atas 15 Juta sahamnyakepada masyarakat melalui

Bursa Efek Indonesia(dahulu Bursa Efek Jakarta).

The Company conducted theInitial Public Offering (IPO)

of 15 million shares through theIndonesian Stock Exchanged

(formerly Jakarta StockExchange).

Penawaran PerdanaInitial Public Offering

5 Maret 19905 March 1990

Penawaran Umumterbatas 1

Right Issue 1

29 Oktober 199229 October 1992

Perseroan melakukanPenawaran Umum Terbatas

dalam rangka penerbitan HakMemesan Efek Terlebih Dahulu

(”HMETD”) sejumlah30.456.500 saham dengan nilainominal Rp 1.000 per saham.

The Company conducted aLimited Public Offering with

Pre-emptive Rights to theshareholders for the total

amount of 30,456,500 shareswith par value of

Rp 1,000 per share.

Perdagangan TanpaWarkat

Scripless Trading

22 Desember 200122 December 2001

Perseroan melakukanPerdagangan Tanpa Warkatsesuai dengan peraturan PT

Kustodian Sentral EfekIndonesia tentang Jasa

Penitipan yang disahkan olehBapepam-LK.

The Company ImplementedScriptless trading inaccordance with the

regulations of the IndonesiaCentral Secutities Depository

Services, approved byBapepam-LK.

Pemecahan NilaiNominal Saham

Stock Split

3 Agustus 20043 August 2004

Perseroan melakukanpemecahan nilai nominal

saham dari harga per sahamRp 1.000 menjadi Rp 100

per saham. Jumlah saham yangberedar setelah pemecahansaham meningkat menjadi

609.130.000 saham.

The Company completed a stocksplit from par value of Rp 1,000

to Rp 100per share. The number of sharesoutstanding after the stock split

increased to 609,130,000shares.

Biro Administrasi EfekShare Registrar

PT Sirca Datapro PerdanaJl. Johar No. 18, MentengJakarta Pusat 10340IndonesiaTel: (62-21) 314 0032Fax: (62-21) 314 0185

Masa Tugas | Tenure:Periode Tahun Buku 1 April 2017 s/d31 Maret 2018 | Financial Year 1 April2017 to 31 March 2018

Akuntan PublikPublic Accountant

KAP Siddharta Widjaja & RekanA member of KPMG33rd Floor Wisma GKBI 28Jl Jend. Sudirman, Jakarta 10210IndonesiaTel: (62-21) 574 2333Fax: (62-21) 574 1777


NotarisNotary

Notaris Miki TanumiharjaJl. Prof Dr Satrio no 39 B KuninganJakarta Selatan 12940Tel: (62-21) 527 7088


Kepemilikan Perusahaan Corporate Ownership

KeteranganKeteranganDescription

Nilai Nominal Rp100 per sahamPar Value of IDR100 per share

Jumlah SahamNumber of Shares

Jumlah Nominal(dalam AS$)

Value of Shares(in US$)


Modal DasarAuthorized Capital

Modal Ditempatkan dan Disetor PenuhIssued and Fully Paid Capital

• Scomi Marine Services Pte Ltd

• Masyarakat (masing-masing kurang dari 5%) | Public (each below 5%)

Jumlah Modal Ditempatkan danDisetor PenuhAmount of Issued and Fully Paid Capital

1,000,000,000

490,597,000

118,533,000

609,130,000

80.54%

19.46%

100.00%

Note:• Data as of 31 March 2018• Expressed in US Dollars, except for par value and share data

Catatan:• Data per 31 Maret 2018• Dinyatakan dalam Dolar AS, kecuali nilai nominal dan data saham

25,550,755

20,578,733

4,972,022

25,550,755

49



Struktur Korporasi Grup Group Corporate Structure

Pemegang Saham Utama Ultimate ShareholderScomi Group BhdScomi Group Bhd (Scomi) adalah perusahaan teknologi globaldalam industri energi dan logistik dengan kehadiran di 22 lokasi.

Pemegang Saham Pengendali Controlling ShareholderScomi Marine Services Pte Ltd

Pemegang saham pengendali Perseroan per 31 Maret 2018adalah Scomi Marine Services Pte Ltd dengan 80,54% kepemilikansaham. Perusahaan ini adalah perusahaan investasi, yang melaluientitas anaknya menyediakan jasa penyewaan kapal dan jasamanajemen. Perusahaan ini sebelumnya dikenal sebagaiInternational Marine Service Pte Ltd. Perusahaan ini berbasis diSingapura dan beroperasi sebagai salah satu entitas anak ScomiEnergy Services Bhd, yang merupakan salah satu perusahaandalam Scomi Grup.

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Scomi Energy Services Bhd

Public

PT. Rig Tenders Indonesia Tbk

Rig TendersOffshore Pte. Ltd.

Rig TendersMarine Pte. Ltd.

CH ShipManagement

Pte. Ltd.

CH LogisticsPte. Ltd.

GrundtvigMarine Pte. Ltd.

PT. Batuah Abadi Lines

19.46%

100%

80.54%

70% 100% 100% 100% 100%

100%

Scomi Marine Services Pte. Ltd.

Scomi Group BhdScomi Group Bhd (Scomi) is a global technology enterprise inthe energy and logistics industries with a presence in 22 locations.

Scomi Marine Services Pte LtdThe Company's controlling shareholder as of 31 March 2018 wasScomi Marine Services Pte Ltd with 80.54% share ownership.Scomi Marine Services Pte. Ltd., is an investment holdingcompany, which through its subsidiaries provides ship charteringand management services. The company was formerly knownas International Marine Service Pte Ltd. The company is basedin Singapore and operates as one of the subsidiaries of ScomiEnergy Services Bhd, which is a member of Scomi Group.

51

Entitas Anak SubsidiariesPerseroan memiliki 5 (lima) anak Perusahaan dan 1 (satu)Perusahaan patungan:

• Rig Tenders Marine Pte Ltd• CH Logistics Pte Ltd• CH Ship Management Pte Ltd• Grundtvig Marine Pte Ltd

• PT Batuah Abadi Lines

• Rig Tenders Offshore Pte Ltd

Rig Tenders Marine Pte. Ltd.

CH Ship Management Pte. Ltd.

CH Logistics Pte. Ltd.

Grundtvig Marine Pte. Ltd.

PT Batuah Abadi Lines

SingapuraSingapore

SingapuraSingapore

SingapuraSingapore

SingapuraSingapore

IndonesiaIndonesia

Penyewaan kapalVessels charterer

Jasa ManajemenManagement Services

Pemangku InvestasiInvestment Holding

Pemangku InvestasiInvestment Holding

Penyewaan kapalVessels charterer

100%

100%

100%

100%

100%

191,964

608,381

5,376,092

14,735,124

105,664,947

193,244

608,399

5,346,909

14,410,881

110,906,248

100%

100%

100%

100%

100%

2018 2017 2018 2017

Note:• Data as of 31 March 2018• Expressed in US Dollars, except for par value and share data

Catatan:• Data per 31 Maret 2018• Dinyatakan dalam Dolar AS, kecuali nilai nominal dan data saham



The Company owns 5 (five) subsidiaries and 1 (one) joint ventureCompany:

Kepemilikan Langsung | Direct Ownership

Kepemilikan Tidak Langsung | Indirect Ownership

Joint Venture

Entitas AnakSubsidiaries

DomisiliDomicile

Lini BisnisBusiness Line

PersentaseKepemilikanPercentage

of Ownership

Jumlah AsetSebelum Eliminasi (dalam AS$)

Total AssetsBefore Elimination (in US$)

52

Struktur Organisasi Organizational Structure


2018


RUPSGMS





Kepala Unit Audit InternalHead of Internal Audit Unit

DepartemenOperasi

OperationsDepartment

Departemen SumberDaya Manusia

Human ResourcesDepartment

DepartemenPemasaranMarketing

Department

DepartemenKeuangan

Finance & AccountingDepartment

53

Profil-Profil Penting Key Profiles




Presiden Komisaris(merangkap Komisaris lndependen)

President Commissioner(concurrently as Independent Commissioner)

TATANG TABRANI

Wakil Presiden KomisarisVice President Commissioner

SHAH HAKIM BIN ZAIN

KomisarisCommissioner

SYED ABDULLAH BIN SYED ABD KADIR

Komisaris(merangkap sebagai Komisaris Independen)

Commissioner(concurrently as Independent Commissioner)

MOHAMMAD FAISAL IBRAHIM


Presiden Direktur(merangkap Direktur lndependen)

President Director(concurrently as Independent Director)

ABDUL RAHMAN ABBAS

DirekturDirector

MUKHNIZAM BIN MAHMUD

DirekturDirector

CHACKO KUNJUVARU

DirekturDirector

MASTURA BINTI MANSOR


Ketua Komite AuditAudit Committee Chairman

TATANG TABRANI

Anggota Komite AuditMember of Audit Committee

JIMMY TJAHJANTO

Anggota Komite AuditMember of Audit Committee

FEBRIANSYAH MARZUKI

Unit Internal AuditInternal Audit Unit

Kepala Internal Audit UnitHead of Internal Audit Unit

IRINA ABDULLAH


Sekretaris Perusahaan & Koordinator LegalCorporate Secretary & Legal Coordinator

DIAH TRIANI PUSPITASARI

Pejabat EksekutifKey Executive Officers

Kepala KeuanganHead of FinanceFIVIEY WIBOWO

Manager Operasi - Lepas PantaiOperation Manager - Offshore

CAPT. DEGDO SUPRAYITNO

Manager Operasi - BatubaraOperation Manager - Coal

HASIHOLAN SITINJAK

Kepala Sumber Daya Manusia,Bagian Umum & Teknologi Informasi

Head of Human Resources,General Affairs & Information Technology

ADHITYO BAYU PRATOMO

Profil Pejabat Penting Key Officers Profiles

Profil Dewan Komisaris Board of Commissioners Profiles

Warga negara Indonesia, 56 tahun, berdomisili di Singapura,telah menjabat sebagai Presiden Komisaris dan KomisarisIndependen Perseroan sejak tahun 2015 dan diangkat kembaliberdasarkan keputusan RUPST Perseroan tanggal 27 September2017.

Saat ini beliau adalah Direktur Scenic Travel Pte Ltd dan GlobalTravel Pte Ltd di Singapura, Wise Kid Co. Ltd di Hongkong, sertaPT Multiyasa Swadaya di Indonesia. Sebelumnya, beliau menjabatsebagai Komisaris dan Komisaris Independen Perseroan sejaktahun 2004.

Beliau lulus dari Boston University, Amerika Serikat, dan meraihsarjana Bachelor of Science jurusan Keuangan dan Akuntasi padatahun 1981.

Warga negara Malaysia, 53 tahun, berdomisili di Malaysia, telahmenjabat sebagai Wakil Presiden Komisaris sejak tahun 2015dan diangkat kembali berdasarkan keputusan RUPST Perseroantanggal 27 September 2017.

Saat ini, beliau menjabat sebagai anggota Dewan di Scomi GroupBhd, Scomi Engineering Bhd, and KMCOB Capital Bhd.

Sebelumnya, beliau berkiprah di Ernst & Young sebagai auditordan Consulting Manager. Padat tahun 1992, beliau menjabatsebagai Direktur Eksekutif di perusahaan manufakturpengemasan regional. Beliau mulai menjabat sebagai anggotaDewan Komisaris Perseroan sejak tahun 2007.


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Tatang TabraniPresiden Komisaris merangkap Komisaris IndependenPresident Commissioner and concurrently as Independent Commissioner

Indonesian citizen, age 56, domiciled in Singapore, serving asthe Company's President Commissioner and IndependentCommissioner since 2015 and was reappointed based onresolution of the AGMS held on 27 September 2017.

Presently, he is the Director of Scenic Travel Pte Ltd and GlobalTravel Pte Ltd in Singapore, Wise Kid Co. Ltd in Hongkong, andCommissioner of PT Multiyasa Swadaya in Indonesia. Previously,he served as the Company's Commissioner and IndependentCommissioner since 2004.

He graduated from Boston University, USA, and earned Bachelorof Science degree majoring in Finance and Accounting in 1981.

Shah Hakim Bin ZainWakil Presiden KomisarisVice President Commissioner

Malaysian citizen, age 53, domiciled in Malaysia, serving as theCompany's Vice President Commissioner since 2015 and wasreappointed based on resolution of the AGMS held on 27September 2017.

Currently, he is on the Board of Scomi Group Bhd, Scomi EnergyServices Bhd, Scomi Engineering Bhd, and KMCOB Capital Bhd.

Previously, he was with Ernst & Young as an auditor and lateras Consulting Manager. In 1992, he was the Executive Directorof a regional packaging manufacturer. He served as the memberof Company's Board of Commissioner since 2007.

Warga negara Malaysia, 64 tahun, berdomisili di Malaysia, telahmenjabat sebagai Komisaris Perseroan sejak tahun 2006 dandiangkat kembali berdasarkan keputusan RUPST tanggal 27September 2017.

Saat ini, beliau adalah Direktur Eksekutif Grup di YTL CorporationBhd serta sebagai Direktur di YTL Power International Bhd, YTLE-Solutions Bhd, dan Stenta Films (M) Bhd.

Beliau memiliki pengalaman luas di bidang perbankan dan jasakeuangan, termasuk di Hongkong and Shanghai BankingCorporation Ltd, Bumiputera Merchant Bankers Bhd, dan AmanahCapital Partners Bhd.

Beliau lulus dari University of Birmingham, Inggris, dengan gelarBachelor of Science (Engineering Production) dan Bachelor ofCommerce (Economics) pada tahun 1997.

Warga negara Indonesia, 62 tahun, berdomisili di Indonesia,menjabat sebagai Komisaris merangkap Komisaris Independensejak tahun 2015 dan diangkat kembali berdasarkan keputusanRUPST Perseroan tanggal 27 September 2017.

Sebelumnya, beliau menjabat sebagai Direktur Perseroan (2013-2016), sebagai Asisten Direksi PT Risjadson Holding & InvestmentCompany (1989-2014), Special Account Executive, MarketingDepartment di PT Multi Bintang Indonesia Jakarta (1987-1989),Financial Controller di PT Kimsari Paper Indonesia Medan (1984-1987), Account Executive Bagian Pemasaran PT Semen AndalasIndonesia Medan (1983-1984) and Financial Analyst di MobilOil Indonesia Aceh (1982-1983).

Beliau lulus dari City University of New York, Amerika Serikat,dengan gelar Bachelor of Economics pada tahun 1981.



Syed Abdullah Bin Syed Abd KadirKomisarisCommissioner

Malaysian citizen, age 64, domiciled in Malaysia, serving as theCompany's Commisioner since 2006 and reappointed asCommissioner based on resolution of the AGMS held on 27September 2017.

Currently he is the Group Executive Director of YTL CorporationBhd and the Director of YTL Power International Bhd, YTL E-Solutions Bhd and Stenta Films (M) Sdn Bhd.

He has extensive experience in banking and financial services,including working for Hongkong and Shanghai BankingCorporation Ltd, Bumiputera Merchant Bankers Bhd, and AmanahCapital Partners Bhd.

He graduated from the University of Birmingham, England withBachelor of Science (Engineering Production) and Bachelor ofCommerce (Economics) in 1977.

Mohammad Faisal IbrahimKomisaris merangkap Komisaris IndependenCommissioner and concurrently as Independent Commissioner

Indonesian citizen, age 62, domiciled in Indonesia, serving asCommissioner and Independent Commissioner since 2015 andwas reappointed based on resolution of the AGMS held on 27September 2017.

Previously, he worked as the Company's Director (2013-2016),as Assistant of Board of Directors of PT Risjadson Holding &Investment Company (1989-2014), Special Account Executive inMarketing Department of PT Multi Bintang Indonesia Jakarta(1987-1989), Financial Controller of PT Kimsari Paper Indonesiain Medan (1984-1987), Account Executive of Sales Departmentof PT Semen Andalas Indonesia Medan (1983-1984), and FinancialAnalyst of Mobil Oil Indonesia in Aceh (1982-1983).

He graduated from City University of New York, USA, withBachelor in Economics in 1981.

Profil Dewan Direksi Profile of the Board of Directors

Warga negara Indonesia, 69 tahun, berdomisili di Indonesia,menjabat sebagai Presiden Direktur Perseroan (merangkapsebagai Direktur Independen) sejak tahun 2016 dan diangkatkembali berdasarkan keputusan RUPST pada tanggal27 September 2017.

Sebelumnya, beliau menjabat Komisaris Perseroan (2005-2016).Beliau juga berkiprah sebagai pakar geologi di berbagaiperusahaan (1968-1997) dan sebagai Direktur Operasi PTVietmindo Energitama (1990-1993).

Beliau lulus dari Mining and Geology Academy, Bandung, dengangelar Bachelor of Science (Geologist) pada tahun 1974 dan dariProgram Pasca Sarjana Pisa, Italia, jurusan Geothermal, padatahun 1978.

Warga negara Malaysia, 52 tahun, berdomisili di Malaysia,menjabat sebagai Direktur Perseroan sejak tahun 2007 dandiangkat kembali berdasarkan keputusan RUPST tanggal 27September 2017.

Beliau saat ini adalah Chief Financial Officer di Scomi Group Bhd(SGB). Beliau bergabung di Scomi Marine Bhd pada tahun 2007dan telah menjabat berbagai posisi penting di perusahaan-perusahaan grup Scomi. Sebelumnya, beliau telah berkarya diberbagai perusahaan termasuk di Sime Darby Group, KumpulanFima Bhd, Nationwide Express Courier Services Bhd dan CHOffshore Ltd.

Beliau adalah anggota CPA Australia sejak tahun 1989 denganpengalaman lebih dari 25 tahun di bidang keuangan, akuntansidan manajemen.

Lulus dari Edith Cowan University Western Australia dengangelar Bachelor in Business (Accounting) dan dari AdvancedManagement Program of Wharton Business School, Universityof Pennsylvania, Amerika Serikat, pada tahun 2013.

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Abdul Rahman AbbasPresiden Direktur merangkap Direktur IndependenPresident Director and concurrently as Independent Director

Indonesian citizen, age 69, domiciled in Indonesia, serving as theCompany's President Director (concurrently as the IndependentDirector) since 2016 and reappointed based on resolution of theAGMS held on 27 September 2017.

Previously, he served as the Company's Commissioner (2005-2016). He also worked as geology expert at several companies(1968-1997) and as Operational Director of PT VietmindoEnergitama (1990-1993).

He graduated from Mining and Geology Academy, Bandung,with Bachelor of Science (Geologist) from Mining in 1974 andfrom Post Graduate Degree Program in Geothermal in Pisa, Italy,in 1978.

Mukhnizam Bin MahmudDirekturDirector

Malaysian citizen, age 52, domiciled in Malaysia, serving as theDirector of the Company since 2007 and was reappointed basedon the Company's AGMS resolution dated 27 September 2017.

He is currently the Chief Financial Officer of Scomi Group Bhd(SGB). He first joined Scomi Marine Bhd in 2007 and has sinceheld several key positions within the Scomi group of companies(Scomi). Prior to Scomi, he has served numerous companiesincluding Sime Darby Group, Kumpulan Fima Bhd, NationwideExpress Courier Services Bhd and CH Offshore Ltd.

He has been an Associate Member of CPA Australia since 1989and has more than 25 years of experience in finance, accountingand management.

He graduated from Edith Cowan University Western Australiawith Bachelor in Business (Accounting) and from AdvancedManagement Program of Wharton Business School, Universityof Pennsylvania, USA, in 2013.

57

Warga negara Malaysia, 41 tahun, berdomisili di Malaysia,menjabat sebagai Direktur Perseroan berdasarkan keputusanRUPST tanggal 27 September 2017.

Beliau bergabung di Scomi Group Bhd pada tahun 2010 sebagaiSenior Manager Finance. Pada tahun 2012, beliau mulai berkiprahdi di Scomi Energy Services Bhd (“SESB”) sebagai GeneralManager, Finance and Account, kemudian sebagai GroupFinancial Controller dan Chief Financial Officer. Sejak 2018,beliau menjabat sebagai Chief Financial Officer di Scomi GroupBhd.

Warga negara Malaysia, 53 tahun, berdomisili di Indonesia,menjabat sebagai Direktur Perseroan berdasarkan keputusanRUPST tanggal 27 September 2017.

Beliau telah menjabat sebagai Kepala Divisi Kelautan Perseroansejak Januari 2017. Beliau juga telah bergabung dengan ScomiGroup sejak tahun 2006, dan menjabat berbagai posisi penting,termasuk sebagai Head of Marine Operations (2016 hingga kini),VP Global Supply Chain Management (2013 hingga kini), Headof HR (2006-2013). Sebelumnya, beliau bekerja di Proton HoldingsBerhad sebagai Kepala SDM (1998-2006) dan berbagai posisilainnya (1988-1998).

Lulus dari Wichita State University, Amerika Serikat, dengangelar Bachelor of Science in Industrial Engineering, dari ExecutiveEducation Program in Human Resource Strategy in TransformingOrganizations di London Business School, Inggris, dan programExecutive MBA di Asian Institute of Management.



Chacko KunjuvaruDirektur (diangkat pada RUPST tanggal 27 September 2017)Director (appointed on AGMS 27 September 2017)

Malaysian citizen, age 41, domiciled in Malaysia, appointed asthe Company's Director based on the Company's AGMS resolutiondated 27 September 2017.

He joined Scomi Group Bhd in 2010 as Senior Manager of Finance.In 2012, he joined Scomi Energy Services Bhd ("SESB") as GeneralManager, Finance and Accounts, later as Group FinancialController and subsequently as its Chief Financial Officer. Since2018, he has been the Chief Financial Officer of Scomi GroupBhd.

Mastura Binti MansorDirektur (diangkat pada RUPST tanggal 27 September 2017)Director (appointed on AGMS 27 September 2017)

Malaysian citizen, age 53, domiciled in Indonesia, appointed asthe Company's Director based on the Company's AGMS resolutiondated 27 September 2017.

She has been serving as the Company's Marine Division Headsince January 2017. She has been with Scomi Group since 2006,holding various key positions, including as Head of MarineOperations (2016 to-date), VP Global Supply Chain Management(2013 to-date), Head of HR (2006-2013). Previously, she workedat Proton Holdings Berhad as Head of HR (1998-2006) and variousother positions (1988-1998).

She graduated from Wichita State University, USA, with Bachelorof Science in Industrial Engineering, from the Executive EducationProgram in Human Resource Strategy in TransformingOrganizations at London Business School, England, and from theExecutive MBA program at Asian Institute of Management.

Warga negara Malaysia, 52 tahun, berdomisili di Malaysia,menjabat sebagai Direktur Perseroan sejak tahun 2009 danmengundurkan diri berdasarkan keputusan RUPST tanggal 27September 2017.

Beliau lulus dari University of Canterbudy, Selandia Baru, dengangelar Bachelor of Commerse (Accounting) dan dari MaastrichtSchool of Management, Belanda, dengan gelar Master of BusinessAdministration. Beliau juga lulus dari Advanced ManagementProgramme yang diadakan oleh Wharton School dari Universityof Pennsylvania, Amerika Serikat, pada tahun 2013.

Warga negara Malaysia, 44 tahun, berdomisili di Malaysia,menjabat sebagai Direktur Perseroan sejak tahun 2015 danmengundurkan diri berdasarkan keputusan RUPST tanggal 27September 2017.

Beliau bergabung di Scomi Group pada tahun 2012 sebagaiGeneral Manager Business Development, lalu sebagai GeneralManager Group CEO's Office, dan sebagai General ManagerMarine Business di Scomi Energy Services Bhd hingga Desember2016.

Beliau lulus dari University of Melbourne, Australia, dengangelar Bachelor of Commerce (Accounting and Finance) padatahun 1996.

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Wan Ruzlan Iskandar Bin Wan SalaidinDirektur (mengundurkan diri pada RUPST tanggal 27 September 2017)Director (Resigned on AGMS 27 September 2017)

Malaysian citizen, age 52, domiciled in Malaysia, served as theCompany's Director since 2009 and resigned based on theCompany's AGMS resolution dated 27 September 2017.

He graduated from the University of Canterbury, New Zealandwith Bachelor of Commerce (Accounting) and from MaastrichtSchool of Management, Netherlands, with a Master's degree inBusiness Administration. He graduated from the AdvancedManagement Program at Wharton Business School, Universityof Pennsylvania, USA, in 2013.

Angeline Kee Hui LingDirektur (mengundurkan diri pada RUPST tanggal 27 September 2017)Director (Resigned on AGMS 27 September 2017)

Malaysian citizen, age 44, domiciled in Malaysia, served as theCompany's Director since 2015 and resigned based on theCompany's AGMS resolution dated 27 September 2017.

She joined Scomi Group in September 2012 as General ManagerBusiness Development. Thereafter she was positioned as GeneralManager Group CEO's Office, after which she served as GeneralManager Marine Business of Scomi Energy Services Bhd tillDecember 2016.

She graduated from University of Melbourne, Australia withBachelor of Commerce (Accounting and Finance) in 1996.

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Profil Komite Audit Profile of Audit Committee

Beliau menjabat sebagai Ketua Komite Audit Perseroan sejaktahun 2007. Profil Bapak Tatang Tabrani yang juga menjabatsebagai Presiden Komisaris dan Komisaris Independen Perseroantelah disajikan dalam profil Dewan Komisaris.

Warga negara Indonesia, 55 tahun, berdomisili di Indonesia,anggota Komite Audit Perseroan sejak tahun 2007.

Beliau menjabat sebagai Direktur Keuangan PT Argha KaryaPrima Industri Tbk sejak tahun 2003 hingga kini. Sebelumnyabeliau bekerja sebagai Financial Controller PT Sumatra PrimaFibreboard (2000-2003), Wakil Presiden Bagian Keuangan NapanGroup (1994-1999), Accounting Manager Stenta Films (M) SdnBhd, Malaysia (1992-1999), dan Auditor Touche RossInternational Indonesia (1985-1986).

Beliau lulus dari Universitas Tarumanagara Jakarta dengan gelarSarjana Akuntasi, dan dari University of East Manila, Filipina,dengan gelar Master of Business Administration.

Indonesian citizen, age 55, domiciled in Indonesia, member ofthe Company's Audit Committee since 2007.

He has been the Director of Finance of PT Argha Karya PrimaIndustri Tbk since 2003. Previously, he worked as FinancialController of PT Sumatra Prima Fibreboard (2000-2003), VicePresident of Accounting Division of Napan Group (1994-1999),Accounting Manager of Stenta Films (M) Sdn Bhd, Malaysia(1992-1999) and Auditor of Touche Ross International Indonesia(1985-1986).

He graduated from Universitas Tarumanagara Jakarta withBachelor Degree in Accounting, and from University of EastManila, the Phillippines, with Master of Business Administration.



Tatang TabraniKetua Komite AuditAudit Committee Chairman

He has been serving as Chairman of the Company's AuditCommittee since 2007. The profile of Mr Tatang Tabrani whoalso serves as President Commissioner and IndependentCommissioner of the Company is already presented in the Boardof Commissioners' Profiles hereof.

Jimmy TjahjantoAnggota Komite AuditAudit Committee Member

Warga negara Indonesia, usia 55 tahun, berdomisili di Indonesia,anggota Komite Audit Perusahaan sejak 6 Juli 2013.

Saat ini, beliau menjabat sebagai Direktur Independen PT. BumiResources Mineral Tbk sejak diangkat kembali pada tahun 2014,membawahi Divisi Audit Internal dan Divisi Manajemen Risikodimana beliau dulu bekerja (2010-2012). Beliau pernah menjabatsebagai Senior Wakil Presiden Recapital Investment Group (2013-2014), Direktur PT. Capitalinc Investment, Tbk (2009-2011),Asisten Wakil Presiden PT. Recapital Securities (2008-2009),Senior Manager PT. Restyle Concept (2008), Direktur PT.Nuansacipta Realtindo (2005-2008).

Beliau juga pernah bekerja sebagai Asisten Wakil Presiden BadanPenyehatan Perbankan Nasional (BPPN), Jakarta (1999-2005),Senior Manager PT. Bank Ficorinvest, Tbk (1994-1999), AsistenManager PT. Bank Nusa International (1991-1994), danKoordinator Unit American Express TRS, Jakarta (1990-1991).

Beliau lulus dari University of Houston, Amerika Serikat, dengangelar Bachelor in Business Administration pada tahun 1989.

Indonesian citizen, age 55, Indonesian citizen, domiciled inIndonesia, member of the Company's Audit Committee since 6July 2013.

He currently is also the Independent Director of PT Bumi ResourcesMineral Tbk since his reappointment in 2014 to oversee InternalAudit Division and Risk Management Division, a position he onceserved in 2010-2012. He was Senior Vice President of RecapitalInvestment Group (2013-2014), Director of PT. CapitalincInvestment, Tbk, Jakarta (2009-2011), Assistant Vice Presidentof PT. Recapital Securities (2008-2009), Senior Manager of PT.Restyle Concept (2008), and Director of PT. Nuansacipta Realtindo(NCR) (2005-2008).

Additionally, he once worked as Assistant Vice President ofIndonesian Bank Restructuring Agency or IBRA (BPPN) (1999-2005), Senior Manager of PT. Bank Ficorinvest, Tbk. Jakarta(1994-1999), Assistant Manager of PT. Bank Nusa International(1991-1994), and Unit Coordinator of American Express TRS Unit,Jakarta (1990-1991).

He graduated from University of Houston, USA, with Bachelorin Business Administration in 1989.

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Febriansyah MarzukiAnggota Komite AuditAudit Committee Member

61

Warga negara Malaysia, usia 48 tahun, berdomisili di Malaysia,sebagai Kepala Unit Internal Audit sejak 2014.

Beliau menjabat sebagai Kepala Grup Internal Audit di ScomiGroup Bhd pada bulan Juli 2015. Sebelumnya, sejak tahun 2008hingga 2015, beliau berkiprah sebagai General Manager(Assurance) di Scomi Engineering Bhd, General Manager (GroupCorporate Communications) di Scomi Group Bhd, GeneralManager (Corporate Strategy & Planning) di Scomi International.

Sebelumnya beliau bekerja sebagai Senior Manager (GroupCorporat Communications) di RHB Capital Bhd (2004-2008),Senior Associate Director di Trax Associates Sdn Bhd (2000-2004), dan Senior Consultant di Ernst & Young ManagementConsultants Sdn Bhd (1995-2000).

Beliau lulus dari University of Sheffield, Inggris, dengan gelarBachelor in Business Administration dan MBA di ManajemenStrategis.

Warga negara Indonesia, 35 tahun, berdomisili di Indonesia,sebagai Sekretaris Perusahaan Perseroan sejak Februari 2018.

Beliau bergabung di Perseroan sejak November 2011 sebagaiExecutive Corporate Secretary. Sebelumnya, beliau berkiprahdi Kantor Notaris Misahardi Wilamarta sebagai staf legal (2011)dan di PT Berdikari Cita Sejahtera sebagai HRD & GA staff (2007-2010).

Beliau meraih gelar Sarjana Hukum dari Universitas Pancasiladan gelar Master dari Magister Kenotariatan UniversitasIndonesia.

Indonesian citizen, age 35, domiciled in Indonesia, as Company'sCorporate Secretary since February 2018.

She joined the Company since November 2011 as ExecutiveCorporate Secretary. Previously, she worked at Notary OfficeMisahardi Wilamarta as a legal staff (2011) and at PT BerdikariCita Sejahtera as HRD & GA Staff (2007 - 2010).

She earned her Bachelor of Law from Pancasila University andMaster degree program Master of Notary from IndonesiaUniversity.

Profil Sekretaris Perusahaan Profile of Corporate Secretary

Kepala Unit Internal Audit Head of Internal Audit Unit



Irina AbdullahKepala Unit Internal AuditHead of Internal Audit Unit

Malaysian citizen, age 48, domiciled in Malaysia, Company'sHead of Internal Audit since 2014.

She has been appointed as Head of Group Internal Audit at ScomiGroup Bhd in July 2015. Prior to that, from 2008 to 2015, sheserved as General Manager (Assurance) of Scomi EngineeringBhd, General Manager (Group Corporate Communications) ofScomi Group Bhd, General Manager (Corporate Strategy &Planning) of Scomi International.

Previously, she worked as Senior Manager (Group CorporatCommunications) of RHB Capital Bhd (2004-2008), SeniorAssociate Director of Trax Associates Sdn Bhd (2000-2004), andSenior Consultant of Ernst & Young Management ConsultantsSdn Bhd (1995-2000).

She graduated from University of Sheffield, UK, with BA (Hons)in Business Studies and MBA in Strategic Management.

Diah Triani PuspitasariSekretaris Perusahaan & Koordinator LegalCorporate Secretary & Legal Coordinator

Warga negara Indonesia, 44 tahun, berdomisili di Indonesia,menjabat sebagai manager operasi (lepas pantai) sejak tahun2015.

Beliau bergabung dengan Perseroan pada tahun 2002 sebagaiPort Captain dan diangkat menjadi Marine Superintendent/Acting Operation Manager pada tahun 2007. Sebelumnya beliaubekerja sebagai boat master, barge master dan deck officer diberbagai perusahaan perkapalan seperti Space Shipping Pte Ltd,Singapura (1998-2000), Continental Shipping Pte Ltd, Singapura(1996-1997), Pendawa Maritime Pte Ltd, Singapura (1995-1996),Asian Shipping Pte Ltd, Singapura (1993-1995), Apollo Shipping,Malaysia (1993-1994), dan di Pertamina (1992-1993). Beliaumeraih gelar Sarjana Ekonomi dan Magister Manajemen dariUniversitas Pancasila. Beliau juga meraih berbagai sertifikasidan pelatihan terkait shipboard management dan shipping.

Indonesian citizen, age 44, domiciled in Indonesia, serving asoperation manager (offshore) since 2015.

He joined the Company in 2002 as Port Captain and wasappointed as Marine Superintendent/ Acting Operation Managerin 2007. He previously worked as a boat master, barge masterand deck officer for various shipping companies such as SpaceShipping Pte Ltd, Singapore (1998-2000), Continental ShippingPte Ltd, Singapore (1996-1997), Pendawa Maritime Pte Ltd,Singapore (1995-1996), Asian Shipping Pte Ltd, Singapore (1993-1995), Apollo Shipping, Malaysia (1993 -1994), and for Pertamina(1992-1993). He earned his Bachelor of Economics and MagisterManagement from Pancasila University. He also has obtainedvarious certifications and attended trainings related to theshipboard management and shipping.

Warga negara Indonesia, usia 49 tahun, berdomisili di Indonesia.Menjabat sebagai manager operasi (batubara) Perseroan sejaktahun 2015.

Sebelumnya, beliau meniti karir di Grup sebagai Senior MarineSuperintendent (2010-2015), Department Head of Safety, Claimand Insurance (2004-2010), Branch Manager/ Representativedi Kantor Perwakilan Kotabaru (2003-2004), dan OperationExecutive (2002-2003).

Beliau meraih gelar Sarjana Hukum dari Universitas LambungMangkurat, Lampung. Beliau juga memperoleh berbagaisertifikasi dan mengikuti berbagai pelatihan terkait shipboardmanagement dan shipping.

Indonesian citizen, age 49, domiciled in Indonesia, serving asthe Company's operation manager (coal) since 2015.

Prior to that, he made a career in the Group as Senior MarineSuperintendent (2010-2015), Department Head of Safety, Claimand Insurance (2004-2010), Branch Manager/ Representativeof Kotabaru Representative Office (2003-2004), and OperationExecutive (2002 -2003).

He earned his Bachelor of Law from Lambung MangkuratUniversity, Lampung. He also has obtained various certificationsand attended trainings related to the shipboard managementand shipping.

Profil Pejabat Eksekutif Profile Key Executive Officers

62Laporan Tahunan

Annual Report2018


Capt. Degdo SuprayitnoManager Operasi - Lepas PantaiOperation Manager - Offshore

Hasiholan SitinjakManager Operasi - BatubaraOperation Manager - Coal

63

Warga Negara Indonesia, usia 40 tahun berdomisili di Indonesia.Beliau menjabat sebagai Head of Human Resources, GeneralAffairs & Information Technology sejak Agustus 2016.

Beliau bergabung dengan Perseran sejak 15 Februari 2016.Sebelumnya beliau meniti karir di PT Media Nusantara CitraGroup Tbk (MNC Group) sebagai Human Resources & GeneralAffairs Sr. Manager di PT. Televisi Pendidikan Indonesia (MNCTV),VP Human Resources & General Affairs di PT. Linktone Indonesia(Okezone), dan sebagai HR Coordinator di SINDO (Print Media),MNC Channels, dan MNC Shop. Beliau juga meniti karir di PTMinamas Plantation Sime Darby Bhd (sebelumnya Guthrie Bhd)sebagai Human Resources Manager untuk DepartemenCompensation & Benefit dan Regional Sumatera.

Beliau meraih gelar MBA pada bidang Strategic Management &Finance dari Universitas Gadjah Mada di tahun 2005 dan gelarSarjana Acounting dari Universitas Trisakti di tahun 2001. Beliaujuga memperoleh sertifikat dan pelatihan yang terkait denganHuman Resources seperti Executives Development Program,Compensation and Benefit, Strategic Services Intent for Bank,Sertifikasi Brevet Pajak A & B.

Warga negara Indonesia, usia 42 tahun, berdomisili di Indonesia.

Sebelumnya, beliau berkiprah sebagai FA Manager di PT AlfaLaval Indonesia (2010-2018), FA Manager di PT Friven Indoensia(2007-2010), FA Manager di PT Galtam Indonesia (2006-2007),FA Manager di PT IPI Studio (2000-2006), Accounting Spv di PTSinar Plataco (1997-2000), dan Internal Audit Assistant di PTBiru & Sons (1994-1997).

Beliau lulus dari Universitas Trisakti dengan gelar SarjanaAkuntansi.

Indonesian citizen, age 42, domiciled in Indonesia.

Previously, she worked as FA Manager at PT Alfa Laval Indonesia(2010-2018), FA Manager at PT Friven Indoensia (2007-2010),FA Manager at PT Galtam Indonesia (2006-2007), FA Managerat PT IPI Studio (2000-2006), Accounting Spv at PT Sinar Plataco(1997-2000), and Internal Audit Assistant at PT Biru & Sons(1994-1997).

She graduated from Trisakti University with Bachelor inAccounting.



Adhityo Bayu PratomoKepala Sumber Daya Manusia, Bagian Umum, dan Teknologi InformasiHead of Human Resources, General Affairs, and Information Technology

Indonesian citizen, age 40, domiciled in Indonesia, serving asHead of Human Resources, General Affairs & InformationTechnology in the Company since August 2016.

He joined the Company in 15 February 2016. Prior to that, heworked at PT Media Nusantara Citra Group Tbk (MNC Group)as Human Resources & General Affairs Sr. Manager at PT. TelevisiPendidikan Indonesia (MNCTV), VP of Human Resources &General Affairs PT. Linktone Indonesia (Okezone), and as HRCoordinator of SINDO (Print Media), MNC Channels, and MNCShop. He also made a career in PT Minamas Plantation SimeDarby Bhd (formerly Guthrie Bhd) as Human Resources Managerfor Compensation & Benefit Department also the Sumatra Region.

He received his MBA in Strategic Management & Finance fromGadjah Mada University in 2005 and Bachelor's degree inAccounting from Trisakti University in 2001. He receivedcertification and training related to Human Resources such asExecutive Development Program, Compensation and BenefitTraining, and Strategic Service Intent Training, also TaxationBrevet A & B (Certified).

Fiviey WibowoKepala KeuanganHead of Finance

64Laporan Tahunan

Annual Report2018

PT Rig Tenders Indonesia Tbk BAB VI - Chapter VI

SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS TENTANG TANGGUNG JAWAB ATAS LAPORAN

TAHUNAN 2018 PT RIG TENDERS INDONESIA TBK

STATEMENT OF THE BOARD OF COMMISSIONERS ANDTHE BOARD OF DIRECTORS ON THE RESPONSIBILITY FOR 2018

ANNUAL REPORT OF PT RIG TENDERS INDONESIA TBK

Kami yang bertanda tangan di bawah ini menyatakan bahwasemua informasi dalam Laporan Tahunan PT Rig Tenders IndonesiaTbk tahun 2018 telah dimuat secara lengkap dan bertanggungjawab penuh atas kebenaran isi Laporan Tahunan Perusahaan.

Demikian pernyataan ini dibuat dengan sebenarnya.

We, the undersigned, declare all information in the 2018Annual Report of PT Rig Tenders Indonesia Tbk has beenpresented in a complete manner and we are fully responsiblefor the accuracy of the content of this Annual report.

This statement is made truthfully.

Jakarta, 31 Juli 2018 | July 31, 2018

Mukhnizam Bin MahmudDirekturDirector

Abdul Rahman AbbasPresiden Direktur dan Direktur Independen

President Director and Independent Director

Direksi / Board of DirectorsDewan Komisaris / Board of Commissioners

Tatang TabraniPresiden Komisaris dan Komisaris Independen

President Commissioner and Independent Commissioner

Syed Abdullah Bin Syed Abd KadirKomisaris

Commissioner

Shah Hakim Bin ZainWakil Presiden Komisaris

Vice President Commissioner

Mohammad Faisal IbrahimKomisaris dan Komisaris Independen

Commissioner and Independent Commissioner

Mastura Binti MansorDirekturDirector

Chacko Kunjuvaru Direktur Director

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