The GMS also approved the Annual Report, ratified the Company's Consolidated Financial Statements; approved the Board of Commissioners' Supervisory Report; ratified the Financial Annual Report and the Implementation of the Company's Social & Environmental Responsibility Program for the 2022 Fiscal Year; stipulated the bonuses for the Board of Directors and Commissioners for the 2022 Fiscal Year and salary/honorarium including facilities and allowances for the 2023 Fiscal Year; approved the appointment of a Public Accounting Firm to audit the Company's Financial Statements and the Micro and Small Business Funding Program for the 2023 Fiscal Year; and approved the changes to the Company's Articles of Association.
In addition, the GMS approved the ratification of the Minister of State-Owned Enterprises Regulation Number PER-1/MBU/03/2023 concerning Special Assignments and Social and Environmental Responsibility Programs for State-Owned Enterprises, Minister of BUMN Number PER2/MBU/03/2023 concerning Guidelines for Governance and Significant Corporate Activities of State-Owned Enterprises, Minister of BUMN Number PER-3/MBU/03/2023 concerning Organs and Human Resources of State-Owned Enterprises.
Moreover, the GMS approved the proposal to change the composition of the Company's management. The GMS confirmed the honorable dismissal of Agus Suhartono as President Commissioner and Devi Pradnya Paramita as Commissioner. The GMS also approved the appointment of Irwandy Arif as President Commissioner, Kurnia Toha as Independent Commissioner, and Rahmat Hidayat Pulungan as Independent Commissioner.
The composition of the Company's management is as follows:
Board of Commissioners:
President Commissioner: Irwandy Arif
Independent Commissioner: Kurnia Toha
Independent Commissioner: Rahmat Hidayat Pulungan
Independent Commissioner: Andi Pahril Pawi
Commissioner: E Piterdono HZ
Commissioner: Carlo Brix Tewu
Board of Directors:
President Director: Arsal Ismail
Director of Finance and Risk Management : Farida Thamrin
Director of Business Development: Rafli Yandra
Director of Operations and Production : Suhedi
Director of Human Resources : Suherman
The PTBA family extends its congratulations to the newly appointed Board of Directors and Commissioners. Agus Suhartono and Devi Pradnya Paramita are also praised for their commitment to the company's growth. PTBA remains committed to implementing transformation in order to achieve the company's vision and goal.
Company Performance
In 2022, PTBA achieved the highest financial and operational success in the company's history, with a net profit of IDR 12.6 trillion, 159 percent from the previous year's IDR 7.9 trillion.
The achievement of net profit was supported by revenue of IDR 42.6 trillion, 146 percent increase compared to 2021 of IDR 29.3 trillion.
The company's total assets as of December 31, 2022 amounted to IDR 45.4 trillion, or 126 percent compared to 2021 of IDR 36.1 trillion.
PTBA's total coal production in 2022 reached 37.1 million tons, an 24 percent increase compared to 2021 of 30.04 million tons. Meanwhile, PTBA's coal sales until 2022 amounted to 31.6 million tons, 12 percent increase compared to 2021 of 28.4 million tons.
PTBA recorded export sales of 12.5 million tons in 2022, while the realization of the Domestic Market Obligation (DMO) was 19.2 million tons, a 119 percent increase from 16.1 million tons in 2021.
