Trade payables to related parties

192 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 560 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 BALAN CES WITH RELATED PARTIES continued g.

Revenue 2008 2007 PT Berau Coal 597,416 411,337 Orchard Maritime Logistics Pte Ltd 2,135 - PT Padangbara Sukses Makmur 260 - Coaltrade Services International Pte Ltd - 1,945,832 PT Interex Sacra Raya - 55,157 Total 599,811 2,412,326 As a percentage of total revenue 3.31 20.81 Refer to Note 42 for further description of the transaction.

h. Cost of revenue

2008 2007 Cost of coal mining and trading: Orchard Maritime Logistics Pte Ltd 483,083 371,999 PT Rahman Abdijaya 413,569 80,684 PT Pulau Seroja Jaya 131,894 - PT Pulau Seroja Jaya Pratama 83,353 - PT Padangbara Sukses Makmur 16,693 133,212 PT Anugerah Buminusantara Abadi 20,281 19,162 PT Padang Sejahtera 8,070 9,498 Coaltrade Services International Pte Ltd - 58,903 Total 1,156,943 673,458 As a percentage of total cost of revenue 8.80 7.40 Refer to Note 42 for further description of the transaction.

i. Interest income and expenses

The interest income and expenses recognised by the Group for the loans received from related parties or the loans granted to related parties for the years ended 31 December 2008 and 2007 were as follows: 2008 2007 Interest income: PT Viscaya Investments - 171,518 Rachmalta Investments Ltd - 35,737 Arindo Holdings Mauritius Ltd - 312,655 PT Bahtera Alam Tamiang - 1,521 Total - 521,431 As a percentage of total interest income - 85.38 Interest expenses: PT Padangbara Sukses Makmur 159 310 As a percentage of total interest expense and finance charges 0.02 0.02 Since 2008, Visacaya, Rachmalta and Arindo Holdings have been consolidated to the Group’s consolidated financial statements, therefore balances and transactions between Viscaya, Rachmalta, Arindo Holdings and Adaro were eliminated. 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.