Segment reporting PT. Bayan Resources Tbk - Prospectus
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Use of estimates
The preparation of consolidated financial statements in conformity with generally accepted accounting principles in Indonesia requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and activities, actual results could differ from those estimates.3. ACQUISITION AND ADDITIONAL SHARES IN SUBSIDIARIES
In 2007, 2006 and 2005, the Company and BE made share capital acquisitions in subsidiaries as follows: Acquired parties Acquiring parties Acquisition date Total acquired share capital Acquired from 1. DPP —the Company and BE 5 October 2005 51.00 GBP, Low Tuck Kwong 2. PIK —the Company and BE 28 March 2005 100.00 PT Kaltim Bara Sentosa, Low Tuck Kwong, Engki Wibowo 3. IP —the Company and BE 28 March 2005 100.00 Low Tuck Kwong, Engki Wibowo, Jenny Quantero, 4. WBM —the Company and BE 28 March 2005 100.00 PT Kaltim Investama, Low Tuck Kwong, Engki Wibowo 5. BE —the Company 2 May 2005 99.90 Low Tuck Kwong, Engki Wibowo, Jenny Quantero, 6. TSA —the Company 11 August 2006 75.04 PT Sumber Harmoni Sekawan —BE 26 December 2007 24.96 PT Bara Citra Indah 7. FKP —the Company 11 August 2006 75.00 PT Selecta Harum Sari —BE 26 December 2007 25.00 PT Bara Citra Indah 8. FSP —the Company 14 December 2007 90.00 Low Tuck Kwong 9. BT —the Company 7 November 2007 90.00 Low Tuck Kwong 10. BAS —the Company 31 December 2007 90.00 Low Tuck Kwong In addition, the Company and BE injected additional capital into the following subsidiaries, diluting the minority interests: Investee Investor Date of injection of additional capital Total additional shareholding Diluted parties 1. DPP —the Company and BE 19 December 2007 36.42 Pan Marine International Ltd. 2. MP —the Company 6 December 2007 95.24 Low Tuck Kwong, Engki Wibowo, Jenny Quantero F-36Parts
» PT. Bayan Resources Tbk - Prospectus
» 40.3 PT. Bayan Resources Tbk - Prospectus
» 53.1 PT. Bayan Resources Tbk - Prospectus
» 52.9 PT. Bayan Resources Tbk - Prospectus
» 57.9 PT. Bayan Resources Tbk - Prospectus
» 6.5 PT. Bayan Resources Tbk - Prospectus
» 6.6 PT. Bayan Resources Tbk - Prospectus
» 7.0 PT. Bayan Resources Tbk - Prospectus
» 9.0 PT. Bayan Resources Tbk - Prospectus
» 9.7 PT. Bayan Resources Tbk - Prospectus
» 18.4 PT. Bayan Resources Tbk - Prospectus
» 20.8 PT. Bayan Resources Tbk - Prospectus
» 24.8 PT. Bayan Resources Tbk - Prospectus
» 27.8 PT. Bayan Resources Tbk - Prospectus
» 26.8 PT. Bayan Resources Tbk - Prospectus
» 29.8 PT. Bayan Resources Tbk - Prospectus
» 11.3 PT. Bayan Resources Tbk - Prospectus
» 8.5 PT. Bayan Resources Tbk - Prospectus
» 9.9 PT. Bayan Resources Tbk - Prospectus
» 4.4 6.8 PT. Bayan Resources Tbk - Prospectus
» 1.6 PT. Bayan Resources Tbk - Prospectus
» 20.9 PT. Bayan Resources Tbk - Prospectus
» 22.7 PT. Bayan Resources Tbk - Prospectus
» 38.8 PT. Bayan Resources Tbk - Prospectus
» 34.0 PT. Bayan Resources Tbk - Prospectus
» 55.3 PT. Bayan Resources Tbk - Prospectus
» 63.0 PT. Bayan Resources Tbk - Prospectus
» 76.3 PT. Bayan Resources Tbk - Prospectus
» 19.0 PT. Bayan Resources Tbk - Prospectus
» 18.7 PT. Bayan Resources Tbk - Prospectus
» 11.0 PT. Bayan Resources Tbk - Prospectus
» 10.0 PT. Bayan Resources Tbk - Prospectus
» 89.6 PT. Bayan Resources Tbk - Prospectus
» 107.5 PT. Bayan Resources Tbk - Prospectus
» 63.6 PT. Bayan Resources Tbk - Prospectus
» 65.4 PT. Bayan Resources Tbk - Prospectus
» GENERAL continued IP continued
» GENERAL continued BE continued
» GENERAL continued TSA continued
» GENERAL continued GBP continued
» Principles of consolidation PT. Bayan Resources Tbk - Prospectus
» Transactions with related parties
» Receivables PT. Bayan Resources Tbk - Prospectus
» Inventories PT. Bayan Resources Tbk - Prospectus
» Prepaid expenses PT. Bayan Resources Tbk - Prospectus
» Fixed assets under finance leases
» Impairment of long lived assets
» Revenue and expense recognition
» Stripping costs PT. Bayan Resources Tbk - Prospectus
» Environmental expenses Accounting for derivative financial instruments and hedging activities
» Provision for decommissioning, demobilisation and restoration
» Segment reporting PT. Bayan Resources Tbk - Prospectus
» Sharing of production PT. Bayan Resources Tbk - Prospectus
» Dividends PT. Bayan Resources Tbk - Prospectus
» Taxes payable PT. Bayan Resources Tbk - Prospectus
» Income tax expense PT. Bayan Resources Tbk - Prospectus
» Administration PT. Bayan Resources Tbk - Prospectus
» Coal Swap Transactions PT. Bayan Resources Tbk - Prospectus
» Interest rate swap transactions
» Difference in value from transactions for subscription of additional shares in subsidiary
» Cooperation agreement Coal handling services contracts
» Reclamation guarantees Rental commitments
» Agency fees PT. Bayan Resources Tbk - Prospectus
» Litigation PT. Bayan Resources Tbk - Prospectus
» Agreement for construction of reclaiming conveyors 9 and 13
» Forestry fee PT. Bayan Resources Tbk - Prospectus
» Coal sales and purchase agreements
» Construction of coal stockpiles and coal loading jetty
» Bank facilities PT. Bayan Resources Tbk - Prospectus
» Agreement for construction of infrastructure
» Machinery purchase contract PT. Bayan Resources Tbk - Prospectus
» Lease agreement PT. Bayan Resources Tbk - Prospectus
» Maintenance agreement PT. Bayan Resources Tbk - Prospectus
» Introduction PT. Bayan Resources Tbk - Prospectus
» Approach PT. Bayan Resources Tbk - Prospectus
» Previous Coal Resource and Reserve Statements
» General Background PT. Bayan Resources Tbk - Prospectus
» Location and Titles PT. Bayan Resources Tbk - Prospectus
» Mining Operations PT. Bayan Resources Tbk - Prospectus
» Infrastructure of Site Facilities
» Marketing PT. Bayan Resources Tbk - Prospectus
» Geology Overview PT. Bayan Resources Tbk - Prospectus
» Coal Quality PT. Bayan Resources Tbk - Prospectus
» 6.7 PT. Bayan Resources Tbk - Prospectus
» 7,650 PT. Bayan Resources Tbk - Prospectus
» 7,660 PT. Bayan Resources Tbk - Prospectus
» Geological Database and Modelling
» Data Validation PT. Bayan Resources Tbk - Prospectus
» Mt 3.9 Mt Geological Confidence And Resource Categories
» COAL RESERVE ESTIMATE Mt 5.5 Mt
» Coal Resource Estimate PT. Bayan Resources Tbk - Prospectus
» Study Status PT. Bayan Resources Tbk - Prospectus
» Cut-off Parameters and Pit Limits
» Mining Factors PT. Bayan Resources Tbk - Prospectus
» Metallurgical Factors PT. Bayan Resources Tbk - Prospectus
» Marketing and Product Specifications
» Other Relevant Factors PT. Bayan Resources Tbk - Prospectus
» Classification PT. Bayan Resources Tbk - Prospectus
» 7,390 Mt 8.4 Summary Table of Model Data
» Coal Quality 4.3 PT. Bayan Resources Tbk - Prospectus
» 7,597 PT. Bayan Resources Tbk - Prospectus
» Geological Confidence And Resource Categories
» Mt PT. Bayan Resources Tbk - Prospectus
» Mineral Resource Estimate PT. Bayan Resources Tbk - Prospectus
» Audits and Reviews PT. Bayan Resources Tbk - Prospectus
» Discussion of Relative Accuracy and Confidence
» Results PT. Bayan Resources Tbk - Prospectus
» 1.2 PT. Bayan Resources Tbk - Prospectus
» 0.1 Summary Table of Model Data
» 5,770 PT. Bayan Resources Tbk - Prospectus
» Coal Resources PT. Bayan Resources Tbk - Prospectus
» Results 5.1 5,970 PT. Bayan Resources Tbk - Prospectus
» 1.1 Summary Table of Model Data
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