PT Bank Permata Tbk

Adaro Energy Annual Report 2008 www.adaro.com 177 Contact Us Governing Adaro Financial Report Corporate Social Responsibility PT ADARO ENERGY Tbk Schedule 545 FORMERLY PT PADANG KARUNIA AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 Expressed in million Rupiah, unless otherwise stated

27. ACCRUED STRIPPING COSTS 2008

2007 Carrying amount - beginning balance 421,522 4,273 Amortisation 29,370 275 Exchange difference due to financial statement translation 64,662 181 456,814 4,179 Movement of accrued stripping costs: Movement 123,388 404,803 Exchange difference due to financial statement translation 16,189 12,540 139,577 417,343 596,391 421,522 The actual average stripping ratio for the Tutupan area for the year ended 31 December 2008 was 4.14:1 2007: 3.3:1, and for the South Paringin area it was nil 2007: nil. The planned stripping ratio as at 31 December 2008 was 4.25:1 2007: 4.25:1.

28. MINORITY INTEREST a.

Minority interest in equity of subsidiaries 2008 2007 Adaro Percentage of minority interest - 33.93 Carrying amount - beginning balance 341,211 465,720 Share in net income of subsidiaries - 111,482 Share in net income of subsidiary before the additional acquisition by the Company 154,019 - Decrease due to fair value loss from cashflow hedges 716 - Decrease due to restatement in retained earnings of subsidiaries - 258,442 Exchange difference due to financial statement translation 5,688 22,451 Decrease due to acquisition of minority interest by the Group 488,826 - - 341,211 SIS Percentage of minority interest 14.08 18.93 Carrying amount - beginning balance 93,056 54,066 Share in net lossincome of subsidiaries 64,369 450 Increase due to issuance of new shares 12,978 39,607 Decrease due to acquisition of minority interest by the Group 24,382 - Decreaseincrease due to unrealised lossgain from available-for-sale investments 29 146 Decrease due to change in equity of subsidiaries - 1,213 17,254 93,056 Biscayne Percentage of minority interest - 36.06 Carrying amount - beginning balance 122,457 - Minority interest at acquisition - 66,640 Share in net income of subsidiaries - 51,604 Share in net income of subsidiary before additional acquisition by the Group 23,731 - Exchange difference due to financial statement translation 9,073 4,213 Decrease due to acquisition of minority interest by the Group 137,115 - - 122,457