Machinery purchase contract PT. Bayan Resources Tbk - Prospectus

Schedule 577 PT BAYAN RESOURCES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 MARCH 2008 AND 2007 AND 31 DECEMBER 2007, 2006 AND 2005 Expressed in million Indonesian Rupiah, unless otherwise stated

28. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued s. Corporate Guarantee Agreement

GBP dan IP On 1 December 2005, GBP and IP entered into a corporate guarantee agreement in respect of the obligations of BI to SMBC amounted US60 million.

29. EMPLOYEE COSTS

31 March 31 December 2008 2007 2007 2006 2005 Unaudited Restated Restated Employee costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,585 24,351 133,709 93,369 59,521 Total remuneration paid to the Board of Directors and Commissioners of the Group amounted to Rp 6,471 31 March 2007: Rp 4,101—unaudited, 31 December 2007: Rp 18,880, 2006: Rp 7,333 and 2005: Rp 4,913.

30. SEGMENT INFORMATION

Information concerning the business segments of the Company and its subsidiaries is as follows: 31 March 2008 Coal Non-coal Eliminations Consolidated Revenue: External segment revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 742,998 29,115 — 772,113 Inter-segment revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324,285 39,999 364,284 — Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,067,283 69,114 364,284 772,113 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,246 8,620 33,990 150,876 Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151,483 5,529 38,914 118,098 General and administration expenses . . . . . . . . . . . . . . . . . . . . . 25,731 2,603 — 28,334 Operating lossincome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 968 488 4,924 4,444 Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,458 14,907 9,854 27,511 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 452 269 — 721 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,056 5,542 25,051 47,547 Profitloss before income tax . . . . . . . . . . . . . . . . . . . . . . . . . . 44,082 8,608 10,273 25,201 Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,540 2,946 562 6,156 Minority interest in net income of subsidiaries . . . . . . . . . . . . . 500 — 2,058 2,558 Net incomeloss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,042 5,662 12,893 16,487 Segment assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,543,800 655,915 1,160,269 3,039,446 Segment liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,202,925 690,126 1,022,108 2,870,943 Acquisition of fixed assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,875 12,218 12,717 85,376 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,791 21,362 679 64,474 Amortisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,185 — — 5,185 F-94