FIXED ASSETS continued 2008 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.
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 stated14. 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 2,352,129Parts
» Adaro Energy 2009 Annual Report English
» Quick Ratio Adaro Energy 2009 Annual Report English
» 13.6 9.4 5.5 1.4 38.5 34.4 24.3 20.8 Adaro Energy 2009 Annual Report English
» Transportation Mt Adaro Energy 2009 Annual Report English
» 23.7 Adaro Energy 2009 Annual Report English
» 9.0 -9.4 7.6 -48 -22 Adaro Energy 2009 Annual Report English
» -57 -58 Adaro Energy 2009 Annual Report English
» 5 1 Adaro Energy 2009 Annual Report English
» Financial structure Adaro Energy 2009 Annual Report English
» International TOTAL Adaro Energy 2009 Annual Report English
» The Development of High Yield Rubber Plantations Micro Financing Institute
» Institute for Educational Potential Development of Adaro Partners LP3AP
» GENERAL continued Establishment of the Company and other information
» GENERAL continued Subsidiaries continued
» Scholarships Establishment of the Company and other information continued Subsidiaries continued
» GENERAL continued Coal Cooperation Agreement
» Cooperation Agreement Adaro Energy 2009 Annual Report English
» Barito Channel Cooperation Agreement
» Coal reserves Adaro Energy 2009 Annual Report English
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of preparation of the consolidated financial statements
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Principles of consolidation continued
» Foreign currency translation Adaro Energy 2009 Annual Report English
» Receivables Adaro Energy 2009 Annual Report English
» Inventories Adaro Energy 2009 Annual Report English
» Investments in debt and equity securities continued
» Impairment of investment in equity and debt securities
» Fixed assets and depreciation continued
» Impairment of long-lived assets
» Deferred exploration and development expenditure continued
» Leases Adaro Energy 2009 Annual Report English
» Environmental obligations continued Adaro Energy 2009 Annual Report English
» Stripping costs Adaro Energy 2009 Annual Report English
» Deferred financing costs Adaro Energy 2009 Annual Report English
» Deferred expenses Adaro Energy 2009 Annual Report English
» Provision for employee benefits continued
» Taxation Adaro Energy 2009 Annual Report English
» Derivative financial instruments and hedging activities
» Earnings per share Adaro Energy 2009 Annual Report English
» Segment reporting continued Adaro Energy 2009 Annual Report English
» Dividends Adaro Energy 2009 Annual Report English
» ACQUISITIONS, DISPOSALS, AND LIQUIDATION OF SUBSIDIARIES
» ACQUISITIONS, DISPOSALS, AND LIQUIDATION OF SUBSIDIARIES continued
» Acquisition of PT Alam Tri Abadi
» Acquisition of Rachmalta Investments Ltd by Rachpore Investments Pte Ltd continued
» Acquisition of Coronado Holdings Pte Ltd and Orchard Maritime Logistics Pte Ltd
» RESTRICTED CASH AND CASH EQUIVALENTS
» INVENTORIES Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.
» DEFERRED EXPLORATION AND DEVELOPMENT EXPENDITURE 2009
» FIXED ASSETS continued Construction in progress continued MINING PROPERTIES 2009
» GOODWILL 2009 Liquidation Adaro Finance B.V., MEC Indo Coal B.V. and Arindo Global Netherland B.V.
» SHORT-TERM BANK LOANS continued Syndicated Short-term Loan
» LONG-TERM BANK LOANS continued b.
» SENIOR NOTES 2009 PT Bank OCBC NISP Tbk
» DERIVATIVE INSTRUMENT PT Bank OCBC NISP Tbk
» DERIVATIVE INSTRUMENT continued b.
» ACCRUED STRIPPING COSTS 2009 MINORITY INTEREST a.
» MINORITY INTEREST continued a.
» SHARE CAPITAL ADDITIONAL PAID-IN CAPITAL 2009
» DIFFERENCE IN VALUE FROM RESTRUCTURING TRANSACTIONS OF ENTITIES UNDER COMMON CONTROL continued
» DIVIDENDS Minority interest in net incomeloss of subsidiaries
» APPROPRIATED RETAINED EARNINGS Minority interest in net incomeloss of subsidiaries
» REVENUE 2009 Minority interest in net incomeloss of subsidiaries
» COST OF REVENUE 2009 OPERATING EXPENSES a.
» OPERATING EXPENSES continued b.
» TAXATION a. Minority interest in net incomeloss of subsidiaries
» TAXATION continued b. Recoverable taxes
» TAXATION continued d. Income tax expense
» TAXATION continued e. Deferred tax assets
» Taxes payable Deferred tax liabilities
» Administration Adaro Energy 2009 Annual Report English
» TAXATION continued i. Tax assessment letter
» TRANSACTIONS AND BALANCES WITH RELATED PARTIES
» Other receivables - related party
» TRANSACTIONS AND BALANCES WITH RELATED PARTIES continued d.
» Trade payables to related parties Cost of revenue
» BASIC EARNINGS PER SHARE 2009
» MONETARY ASSETS AND LIABILITIES SEGMENT REPORTING
» SEGMENT REPORTING continued The nature of relationships with related parties
» SEGMENT REPORTING continued 2008 The nature of relationships with related parties
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued a.
» Interest expense Land-Use Cooperation Agreement
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued c.
» Royalty claim Adaro Energy 2009 Annual Report English
» Capital expenditures Adaro Energy 2009 Annual Report English
» Banking facility Adaro Energy 2009 Annual Report English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued h.
» Engineering, Procurement and Construction Agreement
» Agency fees Adaro Energy 2009 Annual Report English
» Customer Claims Adaro Energy 2009 Annual Report English
» Legal proceedings Adaro Energy 2009 Annual Report English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued n.
» Amortising Revolving Credit Facility
» Overland Conveyor Construction Contract
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