Establishment of the Company and other information continued Group structure
1. GENERAL continued
a. Establishment of the Company and other information continued
The composition of the Company’s Audit Committee as at 31 December 2013 and 2012 was as follows: Chairman : Ir. Palgunadi Tatit Setyawan Members : Prof. Dr. Ir. Irwandy Arif, MSc Mamat Ma’mun, SE. As at 31 December 2013, the Company and its subsidiaries had 8,986 permanent employees 2012: 8,681 permanent employees unaudited.b. Group structure
In these consolidated financial statements, the Company and its subsidiaries are collectively referred to as the “Group”. As at 31 December 2013 and 2012, the structure of the Group was as follows: Commencement Total assets Business of commercial Effective percentage of in thousands of US Dollars, activity Domicile operations ownership before elimination 2013 2012 2013 2012 Directly owned subsidiaries PT Alam Tri Abadi Trading and Indonesia 2007 100 100 7,201,240 6,925,787 “ATA” a services PT Saptaindra Mining services Indonesia 2002 100 100 533,912 617,869 Sejati “SIS” Indirectly owned subsidiaries PT Adaro Mining Indonesia 1992 100 100 2,912,292 2,927,407 Indonesia “Adaro” PT Dianlia Investment Indonesia - 100 100 39,728 38,971 Setyamukti “Dianlia” PT Jasapower Mining services Indonesia - 100 100 278,436 260,745 Indonesia “JPI” a PT Biscayne Investment Indonesia - 100 100 33,568 97,202 Investments “Biscayne” PT Indonesia Bulk Terminal Indonesia 1997 100 100 91,625 94,724 Terminal “IBT” handling services PT Adaro Persada Services Indonesia 2006 100 100 37,151 41,644 Mandiri “APM” a Rachpore Investment Singapore - - 100 - 7,175 Investments Pte Ltd “Rachpore” d Arindo Holdings Investment Mauritius - 100 100 436,657 415,009 Mauritius Ltd “Arindo Holdings” a u r p r o F Il E o u r M E SSA g E S o u r B u S In E S S o u r pE o pl E o u r g o v Ern A n C E o ur C o M M un IT IE S o u r I n v E S T o r S o u r F In An C E S DAro EnErgy 2013 AnnuAl rEporT 163 PT ADARO ENERGY Tbk AND SUBSIDIARIES Schedule 53 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2013 AND 2012 Expressed in thousands of S Dollars, unless otherwise stated1. GENERAL continued
b. Group structure continued
Parts
» Adaro Energy Annual Report 2013 English
» 6.5 53.5 Adaro Energy Annual Report 2013 English
» 20.8 10.9 13.6 1 17.7 11 10 Adaro Energy Annual Report 2013 English
» 24.3 42.2 38.5 40.6 52.3 Adaro Energy Annual Report 2013 English
» Net revenues Coal loaded to ships Total liabilities Barge trips through channel
» 1Q13 1H13 Adaro Energy Annual Report 2013 English
» Total Adaro Energy Annual Report 2013 English
» 0.1 2 1 Adaro Energy Annual Report 2013 English
» 2.4 3.1 0.10 5.0 0.16 Adaro Energy Annual Report 2013 English
» 2.7 2.7 5.9 4.36 Adaro Energy Annual Report 2013 English
» Establishment of the Company and other information
» Establishment of the Company and other information continued Group structure
» Group structure continued Group structure continued
» Group structure continued Coal Cooperation Agreement
» Cooperation Agreement Barito Channel Cooperation Agreement
» Mining Business Permits Mining Business Permits continued
» Principles of consolidation Subsidiaries 1. Consolidation 2. Acquisition
» Principles of consolidation continued
» Cash and cash equivalents Receivables Inventories
» 4. Impairment of financial assets carried at amortised cost
» Fixed assets and depreciation Fixed assets and depreciation continued
» Fixed assets and depreciation continued Goodwill Impairment of non-financial assets
» Exploration and evaluation assets Exploration and evaluation assets continued
» Mining properties Adaro Energy Annual Report 2013 English
» Stripping costs Trade payables Leases
» Provisions Adaro Energy Annual Report 2013 English
» Provisions continued Borrowings Borrowing costs
» Employee benefits Employee benefits continued
» Sales of coal Revenue and expenses recognition continued
» Rental income Adaro Energy Annual Report 2013 English
» Acquisition of control over BEP
» Acquisition of control over BEP continued Acquisition of control over Balangan
» Acquisition of control over Balangan continued
» Syndicated Loan Adaro Energy Annual Report 2013 English
» Syndicated Loan continued Syndicated Bank Loan
» Syndicated Bank Loan continued US750,000 Facility Agreement
» US380,000 Facility Agreement continued US160,000 Facilities Agreement
» PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk continued US40,000 Facility Agreement
» Prepaid taxes Recoverable taxes Recoverable taxes continued
» Taxes payable Income tax expense Income tax expense continued
» Deferred tax assetsliabilities Deferred tax assetsliabilities continued
» Deferred tax assetsliabilities continued Administration Tax assessment letter
» Nature of relationships Transaction details
» Transaction details continued Key management compensation
» Coal mining, transportation, barging, transhipment and other related agreements
» Royalty claim continued Banking facility
» Mining Law No. 42009 Adaro Energy Annual Report 2013 English
» Ministerial Regulation No. 282009 Adaro Energy Annual Report 2013 English
» Ministerial Regulation No. 342009 Ministerial Regulation N 172010
» Market risk Market risk continued
» Credit risk Credit risk continued
» Liquidity risk Liquidity risk continued
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