Acquisition of Rachmalta Investments Ltd by Rachpore Investments Pte Ltd continued

162 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 524 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 AND 2008 Expressed in million Rupiah, unless otherwise stated

3. ACQUISITIONS, DISPOSALS, AND LIQUIDATION OF SUBSIDIARIES continued

j. Acquisition of Coronado Holdings Pte Ltd and Orchard Maritime Logistics Pte Ltd continued

ii. Acquisition of Orchard Maritime Logistics Pte Ltd continued Details of the assets and liabilities arising from the acquisition are as follows: 2009 Cash and cash equivalents 200,772 Trade receivables 148,999 Prepayments and other receivables 9,874 Inventories 24,229 Deferred expenses 795 Amounts due from related parties 6,682 Fixed assets, net 1,134,854 Goodwill 337,538 Investment in equity securities 3,634 Trade payables 6,530 Accrued expenses 14,409 Amounts due to related parties 6,437 Taxes payable 2,175 Finance lease payables 258,916 Bank loans 911,141 Notes 524,038 Net assets 143,731 Interest acquired 79.2 Net assets acquired 113,835 Goodwill 292,051 Adjustment to fair value of fixed assets 237,736 Investment in OML though acquisition of Coronado 152,438 Purchase consideration through cash payment 491,184 Cash and cash equivalents in OML 200,772 Net cash outflow from acquisition of subsidiary 290,412 On 22 October 2009, ATA acquired 20.8 interest in OML for US18,000,000. Through this transaction, ATA owns direct and indirect interest in OML of 94.96. 2009 Purchase consideration through cash payment 170,640 Book value of net assets acquired 37,870 Adjustment to fair value of fixed assets 59,004 Goodwill 73,766 By consolidating the financial statements of Coronado and consolidated financial statements of OML, the Group recorded pre-acquisition income of Rp 22,840.

k. Acquisition of PT Sarana Multi Persada

On 5 October 2009, ATA and JPI acquired a 100 interest in Sarana for Rp 250. Sarana owns 99.99 interest in HBI, 99.83 interest in MBP and 25.50 interest in Marindo. 2009 Purchase consideration through cash payment 250 Fair value of net assets acquired 1,548 Negative goodwill 1,298