Loans from related parties

Adaro Energy Annual Report 2008 www.adaro.com 193 Contact Us Governing Adaro Financial Report Corporate Social Responsibility PT ADARO ENERGY Tbk Schedule 561 FORMERLY PT PADANG KARUNIA AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 Expressed in million Rupiah, unless otherwise stated

38. TRANSACTIONS AND BALANCES WITH RELATED PARTIES continued j.

The nature of relationships with related parties Related parties Relationship with related parties Transactions Orchard Maritime Logistics Pte Ltd Affiliate Coal hauling service PT Pulau Seroja Jaya Affiliate Coal barging service PT Pulau Seroja Jaya Pratama Affiliate Coal barging service PT Rahman Abdijaya Affiliate Mining services PT Berau Coal Affiliate Mining services PT Alhasanie Affiliate Loan, interest income Rachmalta Investments Ltd b Indirect subsidiary Loan, interest income PT Viscaya Investments a Indirect subsidiary Loan, interest income Coaltrade Services International Pte Ltd Indirect subsidiary Coal trading PT Anugerah Buminusantara Abadi Associates mining services PT Interex Sacra Raya d Same shareholder Mining services, loan, interest expense PT Padangbara Sukses Makmur Same shareholder Loan, coal purchase, interest expense Arindo Global Netherlands B.V. a Indirect subsidiary Expense reimbursement PT Persada Capital Investama Shareholder Expense reimbursement PT Saratoga Sentra Business Shareholder Expense reimbursement PT Bahtera Alam Tamiang Same shareholder Expense reimbursement PT Karunia Barito Sejahtera Associates Expense reimbursement PT Rachindo Investments Associates Expense reimbursement a Consolidated since July 2008 b Consolidated since December 2008 c Consolidated since January 2008 d Not a related party since August 2008

39. BASIC EARNINGS PER SHARE

Basic earnings per share is calculated by dividing net income attributable to shareholders by the weighted average number of ordinary shares outstanding during the year. 2008 2007 Net income attributable to shareholders 887,198 88,534 Weighted average number of ordinary shares outstanding in thousands of shares 25,469,531 1,436,280 Basic earnings per share full amount 35 62 a a Reflects the split in the Company’s shares on a 10,000 to 1 basis, effective 17 December 2007. The Group does not have any dilutive ordinary shares at 31 December 2008 and 2007. 194 Adaro Energy Annual Report 2008 www.adaro.com Adaro in Summary From Us to You Running Adaro Management Report Owning Adaro PT ADARO ENERGY Tbk Schedule 562 FORMERLY PT PADANG KARUNIA AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 Expressed in million Rupiah, unless otherwise stated

40. MONETARY ASSETS AND LIABILITIES

As at 31 December 2008, the Group had monetary assets and liabilities denominated in foreign currencies as follows: Foreign Equivalent currency Rupiah Monetary assets Cash on hand US 4,475 49 S 1,972 15 HK 2, 831 4 Cash in banks US 147,114,612 1,610,905 S 160,108 1,218 ¼ 296,778 4,580 On call deposits US 40,471,689 443,165 Time deposits US 10,411 114 Restricted cash and cash equivalents US 1,007,854 11,036 Trade receivables US 155,481,735 1,702,525 Advances US 30,117,443 329,786 S 97,406 741 ¼ 12,363,210 190,794 A 1,110 8 Other current assets US 8,000,000 87,600 Total monetary assets 4,382,540 Monetary liabilities Trade payables US 204,657,260 2,240,997 S 181,798 1,383 ¼ 7,903,178 121,965 ¥ 6,797,054 824 A 41,559 314 ǧ 3,797 60 Accrued expenses US 23,543,562 257,802 S 7,756 59 ¼ 49,247 760 Short-term bank loans US 80,000,000 876,000 Long-term loans: Lease payables US 93,010,177 1,018,461 Bank loans US 835,110,000 9,144,455 Total monetary liabilities 13,663,080 Net monetary liabilities 9,280,540 If assets and liabilities in foreign currencies as at 31 December 2008 are translated using the exchange rate as at 13 March 2009, the total net foreign currency liabilities will increase by approximately Rp 1,167,695.

41. SEGMENT REPORTING

Based on the financial information used by management in evaluating the performance of segments and in the allocation of resources, management considers their primary segments to be three major business operations consisting of coal mining and trading, mining services and others. All transactions between segments have been eliminated. Information concerning the business segments which are considered the primary segments are as follows: 2008 Coal mining Mining and trading service Others Elimination Consolidated Revenue: External revenue 16,797,356 1,069,250 225,896 - 18,092,502 Inter-segment revenue 2,592,330 786,511 919,788 4,298,629 - Net revenue 19,389,686 1,855,761 1,145,684 4,298,629 18,092,502 Gross profit 4,624,193 298,052 221,200 200,213 4,943,232