SUMMARY OF

CONSOLIDATED
FINANCIAL STATEMENTS

BRIEF INFO

1. Limited liability, publicly listed company

2. Established as PT Padang Kurnia in 2004,
changed into Adaro Energy in 2008
3. Initial public offering in July 2008
4. Control > 12.8 billion tonnes of coal
reserves
5. 25% are consumed domestically, 75%
exported
6. Production level: ~56 million tonnes p.a.

ACCOUNTS OF
ASSETS

ACCOUNTS OF
ASSETS

6%

4% 1%

8%

22%

59%

Cash and cash equivalents

Accounts receivable

Inventory

Prepaid taxes

Recoverable taxes

Third party receivables

Loans

Derivative instruments

Advances and prepayments

Other assets

ACCOUNTS OF
ASSETS

CASH AND CASH

EQUIVALENTS
Cash on hand
Cash in banks (IDR)
Cash in banks (USD)
Cash in banks
(others)

203
25,422
394,630
1,167
421,219

Time deposits IDR

140,930

Time deposits USD

182,896

Time deposits
(others)

323,826
ACCT/TRADE RECEIV.
TOTAL
745,248
3rd party A/R
312,088
Provision for impair.
TOTAL

-26,528
285,560

There are no restricted

cash in banks and time
deposits with related
parties
The Contractual Int.
Rate
IDR
3.2010.90%
USD
0.09-3.40%
Management is of the
opinion that the
provision is sufficient to
cover any possible loss
from the
outstanding trade
receivables.
The aging analysis of
AR
Current
256.065
<30 Days 24.626
31-60 Days 1.023
61-90 Days 49

ACCOUNTS OF
LIABILITIES

ACCOUNTS OF
LIABILITIES

2%

8% 1%

21%

44%

4%
6%
8% 3% 4%

Account/trade payable
Taxes payable
Bank loans
Other liabilities

Dividends payable
Royalties payable
Third party loans

Accrued expenses
Finance lease payable
Derivative instrument

ACCOUNTS OF
LIABILITIES

ACCT/TRADE PAYABLE
3rd party A/P
Related parties
TOTAL

333,925
17,220
285,560

FINANCE LEASE PAYABLE ST.

Komatsu Astra
Finance

54,392

Mitra Pinashtika
Mustika

27,450

Orix Indonesia
Finance

13,785

Short
term Finance
Caterpillar
Ind.
Long term

32,249
10,944

TOTAL

74,322
106,571

Trade payables balances mainly

arose from the purchase of fuel,
spare parts, repair and
maintenance services, coal
transportation services and coal
mining services.

A/P for Related Parties

Mining Service
PT Rahman Abdijaya
14.371
Coal Barging Service
PT Pulau Seroja Jaya
2.849
Total
17.220
The Groups pricing policy
related to transactions
with related parties is set
based on contracted
prices.
Significant T & C of leases:
Restricted from selling,
lending, leasing, or
otherwise disposing of
or ceasing to exercise
direct control over the
leased assets
Pledged as collateral for
the underlying finance

SHAREHOLDERS

43%

44%

0% 0% 0% 1% 2%
3% 6%

Adaro Strategic Investments

Garibaldi Thohir

Edwin Soeryadjaya

Theodore Permadi Rachmat

Subianto

Julius Aslan

Chia Ah Hoo

Siswanto Prawiroatmodjo

Others

SHAREHOLDERS

DOMESTIC INVESTORS
SECTOR

NUMBER OF
INVESTOR

Retail

% SHARE

14,708

18.19

Corporation

300

53.64

Pension Fund

152

2.64

16

0.09

0.02

15,181

74.58

Foundation
Co-operative
SUBTOTAL
FOREIGN INVESTORS
SECTOR

NUMBER OF
INVESTOR

% SHARE

Corporation

780

25.35

Retail

110

0.06

SUBTOTAL

890

25.41

COMPONENTS
OF SALES

COMPONENTS
OF SALES

COMPONENTS
OF SALES

5% 0% 2%
19%

74%

Domestic sales of coal

Domestic mining
Other domestic revenue

Export sales of coal

Other exports

COMPONENTS
OF SALES

$83.4
5/mt
3 Jan 2011

$40.7
3/mt
29 Jun 2015

RECOGNITION
OF SALES

1. Amount of revenue can

be reliably measured
2. Risk and rewards has
been transferred
3. The company retains no
managerial involvement
nor effective control
4. Costs can be measured
reliably
5. Economic benefit will
flow to the Group

COST OF REVENUE
STRUCTURE

15%
5%
9%

53%

14%
4%

Mining
Royalties to government
Mining services

Coal processing
Freight and handling cost
Others

COST OF REVENUE
STRUCTURE

OPERATING EXPENSES
STRUCTURE

28%
39%

33%

Selling and marketing

Others

Employee cost

OPERATING EXPENSES
STRUCTURE