Cost of revenue Adaro Energy 2008 Annual Report English

194 Adaro Energy Annual Report 2008 www.adaro.com Adaro in Summary From Us to You Running Adaro Management Report Owning Adaro PT ADARO ENERGY Tbk Schedule 562 FORMERLY PT PADANG KARUNIA AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 Expressed in million Rupiah, unless otherwise stated

40. MONETARY ASSETS AND LIABILITIES

As at 31 December 2008, the Group had monetary assets and liabilities denominated in foreign currencies as follows: Foreign Equivalent currency Rupiah Monetary assets Cash on hand US 4,475 49 S 1,972 15 HK 2, 831 4 Cash in banks US 147,114,612 1,610,905 S 160,108 1,218 ¼ 296,778 4,580 On call deposits US 40,471,689 443,165 Time deposits US 10,411 114 Restricted cash and cash equivalents US 1,007,854 11,036 Trade receivables US 155,481,735 1,702,525 Advances US 30,117,443 329,786 S 97,406 741 ¼ 12,363,210 190,794 A 1,110 8 Other current assets US 8,000,000 87,600 Total monetary assets 4,382,540 Monetary liabilities Trade payables US 204,657,260 2,240,997 S 181,798 1,383 ¼ 7,903,178 121,965 ¥ 6,797,054 824 A 41,559 314 ǧ 3,797 60 Accrued expenses US 23,543,562 257,802 S 7,756 59 ¼ 49,247 760 Short-term bank loans US 80,000,000 876,000 Long-term loans: Lease payables US 93,010,177 1,018,461 Bank loans US 835,110,000 9,144,455 Total monetary liabilities 13,663,080 Net monetary liabilities 9,280,540 If assets and liabilities in foreign currencies as at 31 December 2008 are translated using the exchange rate as at 13 March 2009, the total net foreign currency liabilities will increase by approximately Rp 1,167,695.

41. SEGMENT REPORTING

Based on the financial information used by management in evaluating the performance of segments and in the allocation of resources, management considers their primary segments to be three major business operations consisting of coal mining and trading, mining services and others. All transactions between segments have been eliminated. Information concerning the business segments which are considered the primary segments are as follows: 2008 Coal mining Mining and trading service Others Elimination Consolidated Revenue: External revenue 16,797,356 1,069,250 225,896 - 18,092,502 Inter-segment revenue 2,592,330 786,511 919,788 4,298,629 - Net revenue 19,389,686 1,855,761 1,145,684 4,298,629 18,092,502 Gross profit 4,624,193 298,052 221,200 200,213 4,943,232