Laporan Tahunan 2019 Annual Report “Meningkatkan Kepuasan Pelanggan dan Reputasi Asahimas dengan produk dan pelayanan yang berkualitas tinggi untuk terus menjadi pilihan No.1 para pelanggan” ”Enhance CS and AMG brand value with high quality, attractive products, and services to continue to be customers’ No.1 choice” SANGGAHAN DAN BATASAN TANGGUNG JAWAB DISCLAIMER Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, rencana, strategi, kebijakan, serta tujuan Perusahaan, yang digolongkan sebagai pernyataan ke depan dalam pelaksanaan perundang-undangan yang berlaku, kecuali hal-hal yang bersifat historis. Pernyataan-pernyataan tersebut memiliki risiko dan ketidakpastian, serta dapat mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. Pernyataan-pernyataan prospektif dalam laporan tahunan ini dibuat berdasarkan berbagai asumsi mengenai kondisi terkini dan kondisi mendatang Perusahaan serta lingkungan bisnis dimana Perusahaan menjalankan kegiatan usaha. Perusahaan tidak menjamin bahwa dokumen - dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai harapan. This annual report contains financial conditions, operation results, projections, plans, strategies, policies, as well as the Company’s objectives, which are classified as forward-looking statements in the implementation of the applicable laws, excluding historical matters. Such forward-looking statements are subject to known and unknown risks (prospective), uncertainties, and other factors that could cause actual results to differ materially from expected results. Prospective statements in this annual report are prepared based on numerous assumptions concerning current conditions and future events of the Company and the business environment where the Company conducts business. The Company shall have no obligation to guarantee that all the valid documents presented will bring specific results as expected. DAFTAR ISI TABLE OF CONTENTS Ikhtisar Keuangan Profil Perusahaan 1 Financial Highlights 4 Company Profile Laporan Laba Rugi dan Penghasilan Komprehensif Lain Nama dan Alamat Perseroan Statement of Profit and Loss and Other 4 The Company's Name and Address 18 Comprehensive Income Riwayat Singkat Perseroan Laporan Posisi Keuangan (Neraca) Brief History of The Company 18 Statement of Financial Position (Balance Sheet) 5 Kegiatan Usaha dan Produk Perseroan 19 Komposisi Nilai Penjualan Bersih 2019 The Company's Business Activities and Products Composition of The 2019 Net Sales Value 6 Struktur Organisasi Perseroan per 31 Desember 2019 20 Rasio Keuangan Penting 6 The Company's Organizational Structure as of Key Financial Ratios 31 December 2019 Informasi Saham PT Asahimas Flat Glass Tbk (AMFG) Misi & Visi Perseroan 21 PT Asahimas Flat Glass Tbk (AMFG)'s Share Information 6 Vision and Mission Dewan Komisaris dan Direksi Laporan Dewan Komisaris 21 Board of Commisioners and Board of Directors 2 Board of Commissioners’ Report Pengangkatan Baru Anggota Dewan Komisaris dan Penilaian Terhadap Kinerja Direksi 7 Direksi Di Tahun 2019 21 Assessment on The Board of Directors' Performance Board of Commissioners and Board of Directors New Appointment in 2019 Pengawasan Terhadap Implementasi Strategi 8 Supervision on The Strategy Implementation Profil Dewan Komisaris 22 Pandangan atas Prospek Usaha Perseroan yang Disusun Board of Commissioners Profile oleh Direksi 8 Profil Direksi View on The Company's Business Prospects Proposed Board of Director’s Profile 25 by The Board of Directors Jumlah Karyawan dan Deskripsi Sebaran Tingkat Pandangan atas Penerapan Tata Kelola Perusahaan Pendidikan dan Usia Karyawan Views on The Implementation of Good Corporate 8 Number of Employees and Education and 32 Governance Age Composition Perubahan Komposisi Anggota Dewan Komisaris Uraian Pemegang Saham dan Persentase Kepemilikannya 32 Changes in The Composition of The Board of 9 Shareholders Name and Shareholding Percentage Commissioners' Members Jumlah Pemegang Saham dan Persentase Kepemilikan Frekuensi dan Cara Pemberian Nasihat Kepada per 31 Desember 2019 Berdasarkan Klasifikasi Anggota Direksi 33 10 Total Number of Shareholders and Percentage Ownership Frequency and Method of Giving Advice To as of December 31, 2019 Based on Classification The Board Of Directors' Members Informasi Pemegang Saham Utama dan Pengendali Apresiasi Kepada Pemangku Kepentingan 10 Perseroan sampai dengan Ultimate Shareholders Appreciation To Stakeholders Information on Major and Controlling Shareholders 34 of The Company until Ultimate Shareholders Laporan Direksi 3 11 Board Of Directors’ Report Anak Perusahaan 35 Subsidiary Kinerja Perseroan Company Performance 11 Kronologi Pencatatan Saham Chronological Listing of Shares 35 Strategi Usaha Business Strategy 12 Nama dan Alamat Lembaga dan / atau Profesi Penunjang Pasar Modal 36 Perbandingan Antara Hasil yang Dicapai dengan yang Name and Address of Capital Market Supporting Institutions Ditargetkan 13 and / or Professions Comparison Between Achievement and Target Jasa Profesi Penunjang Pasar Modal 36 Kendala-kendala 13 Capital Market Supporting Professional Obstacles Penghargaan dan Sertifikasi 37 Prospek Usaha Awards and Certifications Business Prospect 14 Penerapan Tata Kelola Perusahaan 14 Corporate Governance Implementation Perubahan Komposisi Anggota Direksi Changes in The Composition of The Board of 15 Directors’ Members Apresiasi Kepada Pemangku Kepentingan 16 Appreciation To The Stakeholders Direksi 17 Board of Directors Analisa dan Pembahasan Manajemen Sekretaris Perusahaan 5 Management Discussion and Analysis Corporate Secretary 75 Tinjauan Operasi per Segmen Usaha 39 Corporate Internal Audit 76 Operational Review by Business Segment Corporate Internal Audit Kinerja Keuangan Komprehensif 43 Sistem Pengendalian Internal 79 Comprehensive Financial Performance Internal Control System Kemampuan Membayar Utang 46 Sistem Manajemen Risiko 79 Solvency Risk Management System Tingkat Kolektibilitas Piutang 46 Perkara Penting 81 Accounts Receivable Collectibility Significant Cases Struktur Permodalan dan Kebijakan Manajemen Atas Sanksi Administratif 81 Struktur Permodalan 46 Administrative Sanction Capital Structure and Management Policy on Capital Structure Tatanan Perilaku dan Budaya Perusahaan 81 Code of Conduct and Corporate Culture Ikatan Material Untuk Investasi Barang Modal 47 Material Commitments For Capital Goods Investment Nilai-Nilai Budaya Perseroan 82 Corporate Values Investasi Barang Modal yang Direalisasikan dalam Tahun 2019 47 Program Kepemilikan Saham 82 Realization of Capital Goods Investment In 2019 Share Ownership Program Informasi dan Fakta Material yang Terjadi Setelah Kebijakan Kewajiban Anggota Direksi dan Dewan Komisaris Tanggal Laporan Akuntan 47 untuk Menyampaikan Informasi Kepemilikan dan Setiap Material Information and Fact After The Reporting Date Perubahan Kepemilikan Atas Saham Perseroan Obligation Policy of Members of The Board of Directors 82 Prospek Usaha 47 and Board of Commissioners to Convey Ownership Business Prospect Information and Any Change of Ownership of Shares of The Company Perbandingan antara Proyeksi pada Awal Tahun Buku dengan Hasil yang dicapai Tahun 2019 dan Sistem Pelaporan Pelanggaran Target Perseroan pada tahun 2020 48 Whistleblowing System 83 Comparison Between Projections at The Beginning of Financial Year and The Achieved Targets in 2019 and Penerapan Atas Pedoman Tata Kelola Perseroan 85 Company's 2020 Targets Implementation of The Corporate Governance Guideline Pemasaran Marketing 49 Tanggung Jawab Sosial dan Lingkungan 8893 7 Corporate Social and Environmental Responsibility Kebijakan Dividen Dividend Policy 52 Tanggung Jawab Sosial dan Lingkungan Corporate Social and Environmental Responsibility 90 Pembayaran Dividen 52 Dividend Payment Tanggung Jawab Terhadap Lingkungan Hidup Environmental Responsibility 92 Realisasi Penggunaan Dana Hasil Ipo 52 Realization of The Use of Proceeds From Ipo Tanggung Jawab Ketenagakerjaan, Keselamatan dan Kesehatan Kerja 96 Informasi Material mengenai Investasi, Ekspansi, Divestasi, Responsibility for Manpower and Work Safety and Health Akuisisi atau Restrukturisasi Utang/Modal 53 Material Information on Investment, Expansion, Divestment, Tanggung Jawab Sosial dan Kemasyarakatan Acquisition or Debt/Capital Restructuring Social Responsibility 100 Perubahan Peraturan Perundang-undangan 53 Tanggung Jawab Terhadap Konsumen Changes in Laws and Regulations Responsibility To Consumer 106 Perubahan Kebijakan Akuntansi 53 Changes in Accounting Policy 8 Surat Pernyataan Anggota Direksi dan Dewan Komisaris Tata Kelola Perusahaan Statement of The Board of Directors and 6 Good Corporate Governance The Board of Commissioners Members Direksi Surat Pernyataaan Anggota Direksi dan Dewan Komisaris Board of Directors 54 Tentang Tanggung Jawab Atas Laporan Tahunan 2019 PT Asahimas Flat Glass Tbk Dewan Komisaris 107 62 Statement of The Board of Directors and The Board of Board of Commissioners Commissioners Members on The Responsibility for Dewan Pengawas Syariah The 2019 Annual Report PT Asahimas Flat Glass Tbk Sharia Supervisory Board 65 Komite Audit Audit Committee 65 Komite Nominasi dan Remunerasi Nomination and Remuneration Committee 69 Komite Manajemen Risiko dan Asuransi Risk Management and Insurance Committee 71 Komite Disiplin dan Kepatuhan Discipline and Compliance Committee 73 Ikhtisar Keuangan 4 Financial Highlights PT Asahimas Flat Glass Tbk IKHTISAR KEUANGAN FINANCIAL HIGHLIGHTS LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF