Interest rate swap transactions

Schedule 559 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

19. SHARE CAPITAL

The Company’s shareholders as at 31 March 2008 and 2007 and 31 December 2007, 2006 and 2005 are as follows: 31 March 2008 Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,250,000,000 225,000 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,000,000 45,000 15 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000,000 30,000 10 3,000,000,000 300,000 100 31 December 2007 Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225,000 225,000 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 45,000 15 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 30,000 10 300,000 300,000 100 31 March 2007 Unaudited, 31 December 2006 and 2005 restated Issued and fully paid capital Shareholders Number of shares Value Low Tuck Kwong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500 7,500 75 Jenny Quantero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 1,000 10 Engki Wibowo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 1,000 10 PT Ima Global Link . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500 500 5 10,000 10,000 100 As at 31 March 2008, the Company’s authorised capital is 12,000,000,000 shares 31 March 2007: 10,000—unaudited, 31 December 2007: 500,000, 2006 and 2005: 10,000 shares. As at 31 March 2008, 5 and 8 of the Company’s share capital owned by Low Tuck Kwong was pledged as collateral for the loan due to Merrill refer to Note 14 and Vitol Asia Pte. Ltd., respectively refer to Note 17. Based on a Circular Resolution of Shareholders dated 27 November 2007 which was legalised through Notarial Deed No. 57 of Yani Indrawaty Wibawa S.H., notary in Jakarta, dated 27 November 2007, the shareholders of the Company decided to approve the transfer of 500 shares owned by PT Ima Global Link to Jenny Quantero. Based on the Company’s Circular Resolution of Shareholders dated 6 December 2007, which was legalised through Notarial Deed No. 22 of Yani Indrawaty Wibawa, S.H., notary in Jakarta, dated 6 December 2007, the Company’s shareholders decided to increase authorised capital from Rp 10,000 to Rp 500,000 and issued and fully paid capital from Rp 10,000 to Rp 300,000. Based on an Extraordinary General Meeting of Shareholders on 18 March 2008, which was legalised by Notarial Deed No. 87 dated 18 March 2008 of Sutjipto S.H., notary in Jakarta, the shareholders decided to F-76 Schedule 560 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

19. SHARE CAPITAL continued

increase the Company’s authorised capital from Rp 500,000 to Rp 1,200,000 and the number of authorised shares from 500,000 to 12,000,000,000 shares. The par value of the shares was changed from Rp 1,000,000 full amount to Rp 100 full amount per share, this resulted in the number of issued shares increasing from 300,000 shares to 3,000,000,000 shares.

20. GENERAL RESERVE

The Limited Liability Company Law of the Republic of Indonesia No. 402007 passed in August 2007, requires the establishment of a general reserve amounting to at least 20 of a company’s issued and paid up capital. As at 31 March 2008, the Company has not yet established a general reserve. Refer to Note 33l for establishment of general reserve subsequent to 31 March 2008. 21. GROUP RESTRUCTURING a. Difference in value from restructuring transactions of entities under common control 31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Acquisition of MP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,809 38,747 5,809 56,855 129,058 Acquisition of FSP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,828 1,571 1,828 1,342 612 Acquisition of BE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 413 413 413 413 413 Acquisition of BAS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 90 38 90 90 Acquisition of BT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 77 61 77 78 Acquisition of WBM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,953 1,953 1,953 1,953 1,953 Acquisition of FKP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,904 1,257 4,904 1,147 6,371 Acquisition of PIK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,658 8,658 8,658 8,658 8,658 Acquisition of IP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,265 9,265 9,265 9,265 9,265 Acquisition of TSA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,119 1,713 12,119 1,048 24,919 Acquisition of DPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,742 48,742 48,742 48,742 48,742 77,690 108,184 77,690 125,746 165,193 Difference in value from restructuring transactions of entities under common control represents differences between purchase consideration and net book value of net assets acquired from transactions of entities under common control as if the acquisition occurred in the earliest comparative year refer to Note 3.

b. Difference in value from transactions for subscription of additional shares in subsidiary

Difference in value from transactions for subscription of additional shares in subsidiary represents difference between value of additional capital injected for shares in DPP and net book value of assets refer to Note 3. F-77 Schedule 561 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

22. REVENUE

31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Coal —Third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 749,399 885,228 3,308,867 488,202 1,373,296 —Related parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 2,389,783 81,992 749,399 885,228 3,308,867 2,877,985 1,455,288 Non-Coal —Third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,356 12,846 71,433 68,890 195,106 —Related parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,358 14,445 70,763 48,937 20,831 22,714 27,291 142,196 117,827 215,937 772,113 912,519 3,451,063 2,995,812 1,671,225 Details of customers having transactions more than 10 of net revenue: Coal Export—third parties —Enel Trade S.p.A. . . . . . . . . . . . . . . . . . . . . . . . . . . 194,637 264,820 1,002,663 — — —Vitol Asia Pte. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . 134,293 — — — — —Coal and Oil Company LLC . . . . . . . . . . . . . . . . . 106,111 48,155 — — — —Constellation Energy Comodities Group, Inc. . . . . 48,666 113,665 — — — —Mitsui Co., Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . 92,650 173,363 614,532 — — —TNB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,474 124,428 403,389 286,351 — —Others each below 10 of net revenue . . . . . . . . 81,904 161,797 1,238,517 201,851 — 694,735 885,228 3,259,101 488,202 — Export—related party —BI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 2,389,783 81,992 — — — 2,389,783 81,992 Local—third parties —PT Mineral Exportindo . . . . . . . . . . . . . . . . . . . . . — — — — 1,372,665 —Others each below 10 of net revenue . . . . . . . . 54,664 — 49,766 — 631 54,664 — 49,766 — 1,373,296 Non-Coal each below 10 of net revenue —third parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,356 12,846 71,433 68,890 195,106 —related parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,358 14,445 70,763 48,937 20,831 22,714 27,291 142,196 117,827 215,937 772,113 912,519 3,451,063 2,995,812 1,671,225 Refer to Note 27 for details of related party transactions. F-78