188
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IABlE, STrong, EFFICIEnT
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 528
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
ö
S Dollars, unless otherwise stated
4. BUSINESS COMBINATIONS continued
a. Acquisition of control over BEP continued
Recognised fair value of identifiable assets acquired and liabilities assumed
Cash and cash equivalents 1,345
Other receivables-third parties 965
Advances and prepayments 236
Fixed assets 5,101
Mining properties 675,480
Goodwill 83
Exploration and evaluation assets 230
Other non-current assets 126
Trade payables 29
Taxes payable 200
Accrued expenses 2
Shareholder loan 3,015
Loans from third parties 35,745
Post employment benefit obligations 466
Deferred tax liabilites 162,461
Non-controlling interests 767
Fair value of identifiable net assets acquired 480,881
Non-controlling interests 431,757
Goodwill 16,584
Purchase price 65,708
Goodwill of US16,584 has been recognised, from the acquisition of BEP, as a result of the excess of the consideration transferred, the amount of non-controlling interests in BEP and the fair value of identifiable net assets acquired.
The fair value of the non-controlling interest in BEP was estimated by using the purchase price paid for acquisition of the 10.22 stake in BEP.
The calculation of the fair value of the acquired identifiable assets and liabilities has been completed in the current year and there is no adjustment to the fair value of BEP’s assets and liabilities.
b. Acquisition of control over Balangan
On 25 April 2013, ATA purchased 75 of the shares in PCS from PT Terminal Batubara Indah “TBI”, 75 of the shares in SCM from PT Industri Terminal Batubara “ITB” and 75.2 of the shares in LSA from PT Hamparan Insani
Milenia “HIM” for Rp 1,875 million full amount or equivalent to US193, Rp 1,875 million full amount or equivalent to US193 and Rp 188 million full amount or equivalent to US19, respectively.
The following table summarises the consideration paid for the acquisition of Balangan, the amounts of the assets acquired and liabilities assumed as at the acquisition date:
2013 Consideration transferred
- Cash payment 405
- Assumed liabilities 22,235
Total consideration transferred 22,640
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DAro EnErgy 2013 AnnuAl rEporT
189
PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 529
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012
Expressed in thousands of
ù
S Dollars, unless otherwise stated
4. BUSINESS COMBINATIONS continued
b. Acquisition of control over Balangan continued
