ACCRUED STRIPPING COSTS 2009 MINORITY INTEREST a.
25. MINORITY INTEREST continued a.
Minority interest in equity of subsidiaries continued 2009 2008 Adaro Percentage of minority interest - - Carrying amount - beginning balance - 341,211 Share in net income of subsidiary before the additional acquisition by the Group - 154,019 Decrease due to fair value loss from cash flow hedges - 716 Exchange difference due to financial statement transla tion - 5,688 Decrease due to acquisition of minority interest by the Group - 488,826 - - Biscayne Percentage of minority interest - - Carrying amount - beginning balance - 122,457 Share in net income of subsidiary before additional acquisition by the Group - 23,731 Exchange difference due to financial statement translation - 9,073 Decrease due to acquisition of minority interest by the Group - 137,115 - - Arindo Holdings Percentage of minority interest - - Minority interest at acquisition - 45,842 Share in net loss of subsidiary - 32,777 Exchange difference due to financial statement translation - 1,075 Decrease due to acquisition of minority interest by the Group - 77,544 - - OML Percentage of minority interest - - Carrying amount - beginning balance - - Minority interest at acquisition 29,896 - Share in net income of subsidiary before additional acquisition by the Group 12,214 - Exchange difference due to financial statement translatio n 4,240 - Decrease due to acquisition of minority interest by the Group 37,870 - - - MBP Percentage of minority interest 0.17 - Carrying amount - beginning balance - - Minority interest at acquisition 17 - Share in net income of subsidiary 92 - Decrease due to change in equity of subsidiary 547 - Recognition of deficit minority interest by the Group 438 - - - 67,043 18,379b. Minority interest in net incomeloss of subsidiaries
2009 2008 SDM 44,343 - SIS 4,667 64,369 JCI 453 - MBP 92 - Marindo 26 - Coronado 970 - Arindo Global - 775 MSW - 7 48,559 63,601 Adaro Energy Annual Report 2009 181 www.adaro.com PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 543 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated26. SHARE CAPITAL
The Company’s shareholders as at 31 December 2009 and 2008 were as follows: 2009 Number of Percentage of Shareholders shares ownership Amount Rp PT Adaro Strategic Investments 14,045,425,500 43.91 1,404,543 Garibaldi Thohir President Director 2,065,100,654 6.46 206,510 GSCO - Adcorp Holdings 1,656,321,073 5.18 165,632 Edwin Soeryadjaya President Commissioner 1,377,777,646 4.31 137,778 Theodore Permadi Rachmat Vice President Commissioner 724,420,430 2.27 72,442 Sandiaga Salahuddin Uno Director 660,838,202 2.07 66,084 Ir. Subianto Commissioner 416,932,620 1.30 41,693 Andre J. Mamuaya Director 8,545,000 0.03 854 Alastair Bruce Grant Director 6,764,500 0.02 676 Chia Ah Hoo Director 6,315,500 0.02 632 David Tendian Director 2,250,000 0.01 225 Public 11,015,270,875 34.42 1,101,527 31,985,962,000 100.00 3,198,596 2008 Number of Percentage of Shareholders shares ownership Amount Rp PT Saratoga Investama Sedaya 4,775,524,806 14.93 477,552 PT Triputra Investindo Arya 4,268,347,697 13.34 426,834 PT Persada Capital Investama 3,520,995,975 11.01 352,100 GS NY SEG AC 3,180,703,000 9.94 318,070 Garibaldi Thohir President Director 2,496,384,062 7.80 249,639 PT Trinugraha Thohir 2,496,384,062 7.80 249,639 UBS AG Singapore SA Atticus Investments Pte Ltd 1,835,021,500 5.74 183,502 Edwin Soeryadjaya President Commissioner 1,375,877,646 4.30 137,588 Theodore Permadi Rachmat Vice President Commissioner 724,420,430 2.27 72,442 Sandiaga Salahuddin Uno Director 660,838,202 2.07 66,084 Ir. Subianto Commissioner 416,932,620 1.30 41,693 PT Saratoga Sentra Business 110,925,500 0.35 11,093 Chia Ah Hoo Director 16,584,000 0.05 1,658 David Tendian Director 11,150,000 0.03 1,115 Andre J. Mamuaya Director 10,363,000 0.03 1,036 Alastair Bruce Grant Director 8,454,500 0.03 845 Ir. Palgunadi T. Setiawan Independent Commissioner 909,000 0.00 91 Public 6,076,146,000 19.01 607,615 31,985,962,000 100.00 3,198,59627. ADDITIONAL PAID-IN CAPITAL 2009
2008 Additional paid-in capital from IPO 11,139,331 11,139,331 Share issuance costs 406,668 406,668 Additional paid-in-capital 10,732,663 10,732,663 28. DIFFERENCE IN VALUE FROM RESTRUCTURING TRANSACTIONS OF ENTITIES UNDER COMMON CONTROL 2009 2008 Acquisition of SIS 51,370 51,370 Acquisition of ATA 240,960 240,960 Acquisition of MSW 2,253 2,253 191,843 191,843Parts
» Adaro Energy 2009 Annual Report English
» Quick Ratio Adaro Energy 2009 Annual Report English
» 13.6 9.4 5.5 1.4 38.5 34.4 24.3 20.8 Adaro Energy 2009 Annual Report English
» Transportation Mt Adaro Energy 2009 Annual Report English
» 23.7 Adaro Energy 2009 Annual Report English
» 9.0 -9.4 7.6 -48 -22 Adaro Energy 2009 Annual Report English
» -57 -58 Adaro Energy 2009 Annual Report English
» 5 1 Adaro Energy 2009 Annual Report English
» Financial structure Adaro Energy 2009 Annual Report English
» International TOTAL Adaro Energy 2009 Annual Report English
» The Development of High Yield Rubber Plantations Micro Financing Institute
» Institute for Educational Potential Development of Adaro Partners LP3AP
» GENERAL continued Establishment of the Company and other information
» GENERAL continued Subsidiaries continued
» Scholarships Establishment of the Company and other information continued Subsidiaries continued
» GENERAL continued Coal Cooperation Agreement
» Cooperation Agreement Adaro Energy 2009 Annual Report English
» Barito Channel Cooperation Agreement
» Coal reserves Adaro Energy 2009 Annual Report English
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of preparation of the consolidated financial statements
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Principles of consolidation continued
» Foreign currency translation Adaro Energy 2009 Annual Report English
» Receivables Adaro Energy 2009 Annual Report English
» Inventories Adaro Energy 2009 Annual Report English
» Investments in debt and equity securities continued
» Impairment of investment in equity and debt securities
» Fixed assets and depreciation continued
» Impairment of long-lived assets
» Deferred exploration and development expenditure continued
» Leases Adaro Energy 2009 Annual Report English
» Environmental obligations continued Adaro Energy 2009 Annual Report English
» Stripping costs Adaro Energy 2009 Annual Report English
» Deferred financing costs Adaro Energy 2009 Annual Report English
» Deferred expenses Adaro Energy 2009 Annual Report English
» Provision for employee benefits continued
» Taxation Adaro Energy 2009 Annual Report English
» Derivative financial instruments and hedging activities
» Earnings per share Adaro Energy 2009 Annual Report English
» Segment reporting continued Adaro Energy 2009 Annual Report English
» Dividends Adaro Energy 2009 Annual Report English
» ACQUISITIONS, DISPOSALS, AND LIQUIDATION OF SUBSIDIARIES
» ACQUISITIONS, DISPOSALS, AND LIQUIDATION OF SUBSIDIARIES continued
» Acquisition of PT Alam Tri Abadi
» Acquisition of Rachmalta Investments Ltd by Rachpore Investments Pte Ltd continued
» Acquisition of Coronado Holdings Pte Ltd and Orchard Maritime Logistics Pte Ltd
» RESTRICTED CASH AND CASH EQUIVALENTS
» INVENTORIES Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.
» DEFERRED EXPLORATION AND DEVELOPMENT EXPENDITURE 2009
» FIXED ASSETS continued Construction in progress continued MINING PROPERTIES 2009
» GOODWILL 2009 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.
» SHORT-TERM BANK LOANS continued Syndicated Short-term Loan
» LONG-TERM BANK LOANS continued b.
» SENIOR NOTES 2009 PT Bank OCBC NISP Tbk
» DERIVATIVE INSTRUMENT PT Bank OCBC NISP Tbk
» DERIVATIVE INSTRUMENT continued b.
» ACCRUED STRIPPING COSTS 2009 MINORITY INTEREST a.
» MINORITY INTEREST continued a.
» SHARE CAPITAL ADDITIONAL PAID-IN CAPITAL 2009
» DIFFERENCE IN VALUE FROM RESTRUCTURING TRANSACTIONS OF ENTITIES UNDER COMMON CONTROL continued
» DIVIDENDS Minority interest in net incomeloss of subsidiaries
» APPROPRIATED RETAINED EARNINGS Minority interest in net incomeloss of subsidiaries
» REVENUE 2009 Minority interest in net incomeloss of subsidiaries
» COST OF REVENUE 2009 OPERATING EXPENSES a.
» OPERATING EXPENSES continued b.
» TAXATION a. Minority interest in net incomeloss of subsidiaries
» TAXATION continued b. Recoverable taxes
» TAXATION continued d. Income tax expense
» TAXATION continued e. Deferred tax assets
» Taxes payable Deferred tax liabilities
» Administration Adaro Energy 2009 Annual Report English
» TAXATION continued i. Tax assessment letter
» TRANSACTIONS AND BALANCES WITH RELATED PARTIES
» Other receivables - related party
» TRANSACTIONS AND BALANCES WITH RELATED PARTIES continued d.
» Trade payables to related parties Cost of revenue
» BASIC EARNINGS PER SHARE 2009
» MONETARY ASSETS AND LIABILITIES SEGMENT REPORTING
» SEGMENT REPORTING continued The nature of relationships with related parties
» SEGMENT REPORTING continued 2008 The nature of relationships with related parties
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued a.
» Interest expense Land-Use Cooperation Agreement
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued c.
» Royalty claim Adaro Energy 2009 Annual Report English
» Capital expenditures Adaro Energy 2009 Annual Report English
» Banking facility Adaro Energy 2009 Annual Report English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued h.
» Engineering, Procurement and Construction Agreement
» Agency fees Adaro Energy 2009 Annual Report English
» Customer Claims Adaro Energy 2009 Annual Report English
» Legal proceedings Adaro Energy 2009 Annual Report English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued n.
» Amortising Revolving Credit Facility
» Overland Conveyor Construction Contract
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