FIXED ASSETS continued 2008 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.

Adaro Energy Annual Report 2009 171 www.adaro.com PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 533 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated

12. FIXED ASSETS continued Construction in progress continued

2008 Percentage of Accumulated Estimated Construction in progress completion costs completion River channel dredging 95 402,417 January 2009 Power plant 5 100,034 January 2011 Coal crushing and handling facilities 30 - 70 48,956 March - September 2009 Roads and bridges 10 - 80 32,736 February - December 2009 Others each below Rp 30,000 10 - 95 68,137 2009 - 2010 652,280 13. INVESTMENTS IN ASSOCIATES 2009 2008 PT Rachindo Investments Percentage of interest 50.00 50.00 Carrying amount - beginning balance 5,554 4,778 Share in net loss of associate 19 - Exchange difference due to financial statement translation 798 776 4,737 5,554 PT Karunia Barito Sejahtera Percentage of interest 32.80 32.80 Carrying amount - beginning balance 39 39 Share in net income of associate - - 39 39 Arindo Global Netherlands B.V. Percentage of interest - - Carrying amount - beginning balance - 50 Reversal due to consolidation to the Group - 50 - - 4,776 5,593 Details of the share in the net loss of associates for the years ended 31 December 2009 and 2008 were as follows: 2009 2008 PT Rachindo Investments 19 - As at 31 December 2008, Arindo Global was consolidated to the Group’s consolidated financial statements as a result of the acquisition of AIM, Ariane Capital and Agalia refer to Note 3e. Investment in Rachindo was in the form of the assets acquired through the acquisition of Decimal which had been liquidated and transferred to Rachpore refer to Note 3h.

14. MINING PROPERTIES 2009

2008 Acquisition cost Carrying amount - beginning balance 10,725,530 164,955 Addition - 10,404,267 New tax rate adjustment - 35,580 Exchange difference due to financial statement translation 212,675 191,888 10,512,855 10,725,530 172 Adaro Energy Annual Report 2009 From Us to Y ou Running Adaro Management Report Owning Adaro Governing Adaro Financial Report Contact Us Corporate Social Responsibility Adaro in Summary www.adaro.com PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 534 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated

14. MINING PROPERTIES continued 2009

2008 Accumulated amortisation Carrying amount - beginning balance 255,349 46,593 Amortisation 485,178 196,602 Exchange difference due to financial statement translation 19,329 12,154 721,198 255,349 9,791,657 10,470,181 Mining properties represent the balance arising from the acquisition of ownership in Adaro, as a result of the fair valuation of the assets acquired at the date of acquisition.

15. GOODWILL 2009

2008 Acquisition cost Carrying amount - beginning balance 9,554,051 1,262,216 Addition 898,760 7,620,573 Acquisition 391,704 - Deduction 29 - Exchange difference due to financial statement translation 830,162 671,262 10,014,324 9,554,051 Accumulated amortisation Carrying amount - beginning balance 425,632 36,684 Acquisition 63,233 - Amortisation 500,506 360,233 Deduction 26 - Exchange difference due to financial statement translation 66,797 28,715 922,548 425,632 9,091,776 9,128,419 The balance of goodwill arises from the Group’s acquisition of ownership in SIS, IBT, Arindo Holdings, Biscayne, AIM, Ariane Capital, Agalia, SDM, Viscaya, MSW, Coronado, OML, Sarana, Arindo Holdings’ acquisition in Vindoor, and OML’s acquisition of assets and business contracts from Orchard Maritime Services Pte Ltd refer to Note 3. For the year ended 31 December 2009, amortisation of goodwill amounting to Rp 6,611 was the amortisation before the acquisition of OML.

16. TRADE PAYABLES 2009

2008 Third parties: PT Pamapersada Nusantara 690,491 736,511 PT Batuah Abadi Lines 207,885 192,365 PT Shell Indonesia 190,563 - PT Bukit Makmur Mandiri Utama 182,720 300,185 PT United Tractors Tbk 81,011 99,771 PT Petronas Niaga Indonesia - 260,778 PT Toyota Tsusho Indonesia - 92,211 Siemens Industrial Turbomachinery S.R.O - 78,483 Others each below Rp 60,000 672,651 591,825 2,025,321 2,352,129